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Full text of "Treasury bulletin"

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LIBRARY 

POniVl 5030 

JUN 261972 
TREASURY DEPARTMENT 



Treasury Department 

FISCAL SERVICE, BUREAU OF ACCOUNTS 

OFFICE OF THE COMMISSIONER 

WASHINGTON, D.C. 20226 

OFFICIAL BUSINESS 



POSTAGE AND FEES PAtD 
U.S. TREASURY DEPARTMENT 




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BONDS 



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1 

1 





UNITED STATES TREASURY DEPARTMENT 



OFFICE OF THE SECRETARY 



The Treasury Bulletin is for sale by the 
Superintendent of Documents, 
U. S. Government Printing Office, Washington, D.C. 20^^02 
Subscription per year $8.50 domestic, $11.00 foreign. 
Single copy price varies. 



August i%7 



CONTENTS 

Treasury financing operations IV 

Summary of Federal fiscal operations 1 

Administrative budget receipts and expenditures 2 

Trust and other transactions 10 

Consolidated cash transactions 22 

Account of the Treasurer of the United States 26 

Monetary statistics 29 

Debt outstanding 30 

Statutory debt limitation 35 

Public debt operations 36 

United States savings bonds 60 

Ownership of Federal securities 66 

Treasury survey of ownership of Federal securities 68 

Market quotations on Treasury securities 78 

Average yields of long-term bonds 81 

International financial statistics 83 

Capital movements 88 

Corporations and certain other business-type activities 113 

Cumulative table of contents 114 



II 



Treasury Bulletin 



Reporting Bases 



Data on receipts, expenditures, and debt which appear In 
the "Treasury Bulletin" are based largely on two Treasury 
financial reports, the "Daily Statement of the United States 
Treasury" and the "Monthly Statement of Receipts and Expendi- 
tures 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 1954, and replaced the daily 
statement as the primary source of information on budget 
results and other receipt and expenditure data classified by 
type of account. At the same time, the daily statement was 
changed to a statement of cash deposits and withdrawals 
affecting the account of the Treasurer of the United States. 
Both publications have provided comparative figures on their 
respective bases from the beginning of the fiscal year 1953. 
The announcement of February 17, 195/n with respect to these 
reporting changes may be found in the April 1954- issue of the 
Bulletin. 

The monthly statement shows all receipts and expenditures 
of the Government, including those made from cash accounts held 
outside the United States Treasury. The information is com- 
piled from reports by the Treasurer of the United States and by 
all other collecting and disbursing agencies, including those 
agencies which maintain checking accounts in commercial banks. 
These reports cover transactions recorded in the accounts of 
the agencies during the reporting period. The net of the 
transactions as compiled from these reports is reconciled 
in the monthly statement to changes in the balance in the 
Treasurer' s account and in cash held outside the Treasurer' s 
account and changes in the public debt outstanding. 

Receipts of taxes and customs duties are reported on a 
collections basis. Other receipts are reported partially 
on a collections basis and partially on a deposits basis. 
Expenditures, except interest on the public debt, are 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, Expenditures 
and Balances of the United States Government" and for actual 
receipts and expenditures in the "Budget of the United States 
Government." 

Beginning with the final statement for the fiscal year 
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 18, I960. It does not affect the surplus or deficit. 
Figures for earlier periods shown in the Treasury Bulletin 

were revised to the new reporting basis in the September I960 
issue. The interfund transactions deducted under this proce- 
dure do not include payments to the Treasury by wholly owned 
Government corporations for retirement of their capital stock 
and for disposition of earnings. These capital transfers 
have been excluded currently from budget receipts and budget 
expenditures beginning July 1, 1948, and figures for prior 
fiscal years back through 1932 were revised accordingly at 
that time. 

The daily statement on the new basis was first issued 
for February 17, 1954. In the deposits and withdrawals as 
shown, no distinction is made as to the type of accounts 
{budget, trust, etc.). The deposits are on the basis of 
certificates of deposit cleared through the account of the 
Treasurer of the United States. Total withdrawals are on 
the basis of checks paid or cash disbursements made out of 
the Treasurer's account. Some of the withdrawal classi- 
fications shown are reported on the basis of mailed reports 
of checks issued and are adjusted by means of clearing accounts 
to the total of checks paid. Except for relatively minor 
amounts, noncash interfund and other intragovernmental trans- 
actions are excluded. The public debt figures in the daily 
statement also are on a "clearance" basis, with the exception 
of those issuance and retirement transactions reported on the 
basis of telegrams from Federal Reserve banks. However, 
noncash debt transactions are included. 

The daily statement before February 17, 1954, covered 
not only transactions cleared through the Treasurer's account 
but also certain Government agency transactions which were 
handled through commercial bank accounts, and included noncash 
interfund and other intragovernmental transactions. It pro- 
vided information similar to that in the present daily state- 



August 1967 



III 



Reporting Bases - (Continued) 



ment with respect to the status of the Treasurer's account, 
and similar to that in the present end-of-month daily state- 
ment with respect to debt issuance, retirement, and amount 
outstanding. Receipts and expenditures were classified by type 
of account, and the budget results shown in the daily statement 
were used as the basis for reflecting the results under the 
President' s budget program as enacted by the Congress. 

Receipts were on the basis of deposits as they cleared 
the Treasurer's account. Expenditures cleared through the 
Treasurer's account were reported on two successive bases. 
Through 1946 they were on the basis of checks paid by the 



Treasurer of the United States. Beginning with 1947, expendi- 
tures made through the facilities of the Treasury Department' s 
Division of Disbursement were on the basis of checks issued, 
while certain others, principally those of the Department 
of Defense and its predecessor organizations, were on the 
basis of checks paid. Transactions handled through com- 
mercial bank accounts, consisting of market transactions 
in public debt and guaranteed securities, were as reported 
by the agencies. Interest on the public debt was included 
on a due and payable basis beginning with November 1949 
and on a checks-paid basis prior to that time. 



Note: Details of figures may not add to totals because of rounding. 



IV 



Treasury Bulletin 



Treasury Financing Operations 



August Financing 

On July 26 the Treasury announced an offering for cash 
of $9.6 billion, or thereabouts, of 5-lA percent Treasury 
Notes of Series D-1968, dated August 15, 1967, due November 15, 
1968, at a price of 99.94 (to yield about 5.30 percent). The 
proceeds were to be used to pay off in cash the 5-lA percent 
certificates of indebtedness, and 3-3/4- percent and 4-7/8 
percent notes maturing August 15, 1967. Subscriptions totaled 
$15,660 million of which $9,913 million was accepted. The 
subscription books were open only on Monday, July 31. 

Interest is payable on the new notes on November 15, 1967, 
and May 15 and November 15, 1968. 

The notes are not subject to call for redemption prior to 
maturity. Bearer notes, with interest coupons attached, and 
notes registered as to principal and interest were authorized 
to be issued in denominations of $1,000, $5,000, $10,000, 
$100,000, $1,000,000, $100,000,000, and $500,000,000. 

Subscriptions were received subject to allotment and were 
payable in cash or in Treasury securities maturing August 15, 
1967, which were accepted at par, in payment or exchange, in 
whole or in part. Payment was required to be made or completed 
on or before August 15, 1967. Payment by credit in Treasury 
tax and loan accounts was not permitted. 

Coupons dated August 15, 1967, on the maturing securities 
in bearer form submitted in payment for the new notes, were to 
be detached by holders and cashed when due. In the case of 
registered notes submitted in payment, the final interest due 
on August 15, 1967, was paid by issuance of interest checks in 
regular course to holders of record on July 14, 1967, the date 
the transfer books closed. 

Commercial banks could submit subscriptions for account of 
their customers provided the names of the customers were set 
forth in such subscriptions. Others than commercial banks were 
not permitted to enter subscriptions except for their own 
account. Commercial banks' subscriptions for their own 
account, were restricted in each case to an amount not exceed- 
ing 50 percent of the combined capital (not including capital 
notes or debentures), surplus, and undivided profits of the 
subscribing bank. 



Subscriptions were received without deposit from banking 
institutions for their own account, federally-insured savings 
and loan associations. States, political subdivisions or 
instrumentalities thereof, public pension and retirement and 
other public funds, international organizations in which the 
United States holds membership, foreign central banks and 
foreign states, dealers who make primary markets in Government 
securities and report daily to the Federal Reserve Bank of 
New York their positions with respect to Government securities 
and borrowings thereon, Government investment accounts, and the 
Federal Reserve banks. All other subscriptions were required 
to be accompanied by payment of 2 percent \in cash or in the 
maturing securities, which were accepted at par) of the amount 
of notes applied for, not subject to withdrawal until after 
allotment. 

Subscribers requesting regisT.ered notes were required to 
furnish appropriate identifying numbers as required on tax 
returns and other documents submitted to the Internal Revenue 
Service. 

All subscribers were required to agree not to purchase or 
to sell, or to make any agreements with respect to the purchase 
or sale or other disposition of the notes subscribed for at a 
specific rate or price, until after midnight July 31, 1967. 

Commercial banks in submitting subscriptions were required 
to certify that they had no beneficial interest in any of the 
subscriptions they entered for the account of their customers 
and that their customers had no beneficial interest in the 
banks' subscriptions for their own account. They were required 
to certify also that they had not made unsecured loans, or 
loans collateralized in whole or in part by the notes sub- 
scribed for, to cover amounts required to be paid when sub- 
scriptions were entered. 

As provided in the offering circular, the Treasury 
allotted in full $6,341 million of subscriptions from States, 
political subdivisions or instrumentalities thereof, public 
pension and retirement and other public funds, international 
organizations in which the United States holds membership, 
foreign central banks and foreign states. Government investment 



August 1967 



Treasury Financing Operations - (Continued) 



accounts, and Federal Reserve banks, where a statement was 
submitted certifying that the amount of the subscription did 
not exceed the amount of Treasury secaarities maturing August 
15, 1967, owned or contracted for purchase for value at 
/i.:00 p.m., eastern daylight saving time, July 26, 1967. Such 
subscribers were also permitted to enter additional sub- 
scriptions subject to a percentage allotment. 

On subscriptions received subject to allotment, those up 
to $100,000 were allotted in full. Other subscriptions were 
allotted 35 percent with a minimum allotment of $100,000 per 
subscription. Subscriptions subject to allotment totaled 
$5,957 million from commercial banks for their own account 
and $3,362 million from all others. 

9-Month and One-Year Bills 

On July 19 tenders were invited for $500 million, or 
thereabouts, of 27/i.-day Treasury bills, representing an 
additional amount of bills dated April 30, 1967, maturing 
April 30, 1968, to be issued July 31, 1967, and for $1 billion, 
or thereabouts, of 366-day Treasury bills, to be dated July 31, 
1967. These issues were to refund $1.5 billion of bills 
maturing July 31. Tenders were opened on July 25. 

Tenders received for the 27/i-day bills totaled $1,197 
million, of which $500 million was accepted, including $19 
million of noncompetitive tenders. The average bank discount 
rate was 5.16^ percent. 

Tenders received for the 366-day bills totaled $2,587 
million, of which $1,001 million was accepted, including $4-7 
million of noncompetitive tenders. The average bank discount 
rate was 5.150 percent. 



13-Week and 26-Week Bills 

Issues of regular weekly Treasury bills in July totaled 
$9.5 billion, replacing $9.2 billion of maturing bills. There 
was one 91-day issue of $1.3 billion, one 92-day issue of $1.A- 
billion, two 91-day issues of $1.4 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 of 
original maturity of 26 weeks) 


26-week 


Date of — 


Approximate 
equivalent 
annual 
average 
rate 1/ 


Date 
of issue 


Approximate 

equivalent 

annual 


Additional 
issue 


Original 
issue 


average 
rate 1/ 


1967 

July 6 
13 
20 
27 


1967 

April 6 
13 
20 
27 


4.279 
4.286 
4.2U 
4.424 


1967 

July 6 
13 
20 

27 


4.716 
4.689 
4.745 
5.044 



Treasury Bills - General 

Treasury bills are sold on a bid basis. The face amount 

is payable without interest at maturity. They are issued in 
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 



VI 



Treasury Bulletin 



Treasury Financing Operations- (Continued) 



incorporated banks and trust companies and by responsible and 
recognized dealers in investment securities. Tenders from 
others must be acconpanied 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. 

Noncompetitive 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 completed 
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, 9-month, and one-year 
bills may not be made by credit in Treasury tax and loan 
accounts. 



Foreign Series and Foreign Currency Series 

Foreign series securities issued in July totaled $360 
million, consisting of nine certificates of indebtedness. 
Redemptions for the month totaled $90 million. At the end of 
July, foreign series securities outstanding totaled $89-^ 
million. (Details are shown on page 57.) 

Foreign currency series securities issued in July con- 
sisted of one certificate of Indebtedness denominated in Swiss 
francs equivalent to $153 million and one note denominated in 
German marks equivalent to $125 million. Redemptions for the 
month totaled an equivalent of $153 million. At the end of 
July foreign currency series securities outstanding totaled 
an equivalent of $1,016 million, and were denominated in 
Austrian schillings, German marks, Italian lire, and Swiss 
francs. (Details are shown on page 59.) 



Note: Details of Treasury market financing operations are shown elsewhere in tables on public debt operations. 



August 1967 



SUMMARY OF FEDERAL FISCAL OPERATIONS 



Administrative budget 
receipts and expenditures 



Fiscal Tears : 

1950 

1951 

1952 

1953 

195i 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964.., 

1965 

1966 

1?67 p 

1968 (Est.).. 

Calendar years : 

1950 

1951 

1952 

1953 

195i 

1955 

1956 

1957 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 



1965- July. 
Aug.. 
Sept. 

Oct.. 



1966- Jan.. 
Feb.. 
Mar. . 
Apr.. 

May. . 
June. 

July. 
Aug.. 
Sept. 



Apr.. 
May. . 
June 

July. 



36,i22 
47,480 
61,287 
64,671 
64,420 
60,209 
67,850 
70,562 
68,550 
67,915 
77,763 
77,659 
81,409 
86,376 
89,459 
93,072 
104,727 
115,794 
126,937 



37,235 
52,877 
64,705 
63,654 
60,938 
63,119 
70,616 
71,749 
68,262 
72,738 
79,518 
78,157 
84,709 
87,516 
38,696 
96,679 
110,802 



3,807 
7,350 
10,999 
3,295 
8,106 
9,553 

6,453 
8,335 

11,297 
9,929 
8,452 

17,151 

5,702 
7,197 

12,475 
5,811 
7,394 

10,606 

9,386 
7,757 
11,395 
13,534 
6,289 
18,249 

6,371 



Net 

expend- 
itures 



39,544 
43,970 
65,303 
74,120 
67,537 
64,389 
66,224 
68,966 
71,369 
80,342 
76,539 
81,515 
87,787 
92,642 
97,684 
96,507 
106,978 
125,732 

135,033 

37,657 
56,236 
70,547 
72,811 
64,622 
65,891 
66,838 
71,157 
75,349 
79,778 
77,565 
84,463 
91,907 
94,188 
96,945 
101,378 
118,078 



7,240 
8,990 
9,452 
8,750 
9,105 
9,426 

8,809 
8,156 
10,193 
8,362 
9,055 
9,439 

10,263 

11,042 

11,883 

10,977 

10,386 

9,512 

9,987 

9,459 

11,699 

9,464 

10,915 

10,145 

11,502 



-3,122 

3,510 

-4,017 

-9,449 

-3,117 

-4,130 

1,626 

1,596 

-2,819 

-12,427 

1,224 

-3,856 

-6,378 

-6,266 

-8,226 

-3,435 

-2,251 

-9,938 



-422 
-3,358 
-5,842 
-9,157 
-3,683 
-2,771 

3,779 

592 

-7,088 

-7,040 

1,953 
-6,306 
-7,199 
-6,672 
-3,248 
-4,699 
-7,276 



-3,434 
-1,64c 
1,548 
-5,455 
-999 
126 

-2,356 
179 
1,104 
1,567 
-603 
7,712 

-4,561 

-3,845 

593 

-5,165 

-2,993 

1,093 

-601 

-1,702 

-304 

4,070 

-4,626 

8,104 

-5,131 



Net 
trust 
and other 
trans- 
actions 
1/ 



99 
679 
147 
435 
328 
231 

-194 
195 
633 

-329 
-50 

-602 
436 
97 
551 
426 
503 

-284 



311 
Sl-j 
-41 
101 
739 

-259 

267 

1,092 

-691 
23 

-698 
234 
729 
168 
151 
694 
-66 



156 
-45 

189 



782 
-773 
-241 

-175 

-287 

-94 

214 

56 

229 

492 

399 

-677 

827 

-1,457 

188 

108 



Clearing 
account. 



483 

-214 

-401 

-250 

-303 

284 

522 

-523 

530 

-6 

-145 

507 

U8 

196 

741 

-978 

-1,088 

-740 

61 



87 
-106 
-319 
-209 
-34 
376 
-21 
224 
109 
-237 
154 
204 
183 
493 
-576 
328 
-1,644 



-57 

-1,059 

983 

294 

-792 
3H 
116 

-585 
896 

-480 



750 

-1,857 

840 

617 

-1,204 

-18 

717 

-213 

1,071 

312 

-262 

-1,492 

399 



Net 
increase 



publi 
debt. 



4,587 
-2,135 
3,883 
6,966 
5,189 
3,115 
-1,623 
-2,224 
5,816 
8,363 
1,625 
2,640 
9,230 
7,659 
5,853 
5,561 
2,633 
6,314 
8,070 

-423 
2,711 
7,973 
7,777 
3,582 
2,019 
-4,U1 
-1,730 
8,025 
7,875 
-581 
5,952 
7,301 
5,877 
8,594 
2,964 
8,415 



-692 
1,658 
-1,493 
2,154 
2,810 

-807 

1,099 
1,308 
-2,312 
-1,416 
2,777 
-2,452 

-627 
5,U1 

328 
2,140 
2,523 

-92 

-450 
756 
1,321 
-3,145 
3,087 
-4,657 
4,416 



Net 

increase in 
Treasurer's 
account 
balance, or 
decrease (-) 



2,047 

1,839 

-388 

-2,299 

2,096 

-551 

331 

-956 

4,159 

-4,399 

2,654 

-1,311 

3,736 

1,686 

-1,080 

1,575 

-203 

-4,648 



-447 
62 

1,770 

-1,488 

603 

-635 

-117 

179 

355 

622 

828 

83 

1,015 

-134 

-80 

-713 

-571 



-4,124 

-858 

1,010 

-2,852 

974 

-177 

-1,076 

973 

-224 

453 

1,370 

4,330 

-4,613 
-850 

1,666 
-2,194 
-1,618 

1,213 

158 

-760 

1,411 

2,064 

-3,259 

2,133 

-208 



Levels, end of period 



Balance in 
account of 
Treasurer 
of United 
States 



5,517 
7,357 
6,969 
4,670 
6,766 
6,216 
6,546 
5,590 
9,749 
5,350 
3,005 
6,694 
10,430 
12,116 
11,036 
12,610 
12,407 
7,759 
9,000 



4,232 
4,295 
6,064 
4,577 
5,180 
4,545 
4,427 
4,606 
4,961 
5,583 
6,411 
6,494 
7,509 
7,375 
7,295 
6,582 
6,011 



7,627 
8,637 
5,786 
6,759 
6,582 

5,506 
6,479 
6,255 
6,708 
8,077 
12,407 

7,794 
6,944 
8,610 
6,417 
4,799 
6,011 

6,170 
5,410 
6,821 
8,884 
5,626 
7,759 

7,551 



Debt outstanding 



257,357 
255,222 
259,105 
266,071 
271,260 
274,374 
272,751 
270,527 
276,343 
284,706 
286,331 
288,^71 
298,201 
305,860 
311,713 
317,274 
319,907 
326,221 
334,850 

256,708 
259,419 
267,391 
275,168 
278,750 
280,769 
276,628 
274,898 
282,922 
290,798 
290,217 
296,169 
303,470 
309,347 
317,940 
320,904 
329.319 



315,582 
318,24c 
316,748 
318,901 
321,711 
320,904 

322 , 003 
323,311 
320,999 
319,583 
322,359 
319,907 

319,280 
324,420 
324,748 
326,888 
329,411 
329,319 

328,869 
329,625 
330,947 
327,801 
330,883 
326,221 

330,637 



Guaranteed 
securities 



107 
101 
111 
140 
?40 
444 
607 
313 
590 
462 
512 



53 
103 
104 
109 
127 
156 
330 
518 
742 
309 
455 
495 



4"4 
50? 
522 
493 
465 
455 



456 
468 
466 
462 

489 
484 
502 
498 
495 
495 



505 
509 
512 

521 



Total 

Federal 

securities 



257,377 
255,251 
259,151 
266,123 
271,341 
274,418 
272,825 
270,634 
276,444 
284,817 
286,471 
239,211 
298,645 
306,466 
312,526 
317, 8(34 
320,309 
326,733 
335,400 

256,731 
259,461 
267,445 
275, 2U 
278,734 
280,822 
276,731 
275,002 
283,031 
290,925 
290,373 
296,499 
303,988 
310,089 
318,750 
321,359 
329,814 



317,056 
318,742 
317,270 
319,394 
322,176 
321,359 
322,419 
323,746 
321,454 
320,051 
322,825 
320,369 

319,768 
324,904 
325,250 
327,387 
329,906 
329,814 
329,370 
330,136 
331,454 
328,306 
331,397 
326,733 
331,158 



Source: Actual figures through fiscal year 1952 and calendar year 1953 are 
from the daily Treasury statement, and thereafter from the monthly 
statement of receipts and expenditures of the Government (for 
explanation of reporting bases, see page II); estimates, including 
effect of proposed legislation, are from the 1968 Budget document 
released January 24, 1967. More recent estimates are discnssed in the 
President^ s "Message on the State of the Budget and the Economy to the 
Congress of the United States," August 3, 1967 (House Document No. 152, 
90th Congress) . 

1/ Excess of receipts, or expenditures(-) . For detail, see pages 10-14. 

2/ -For checks outstanding and telegraphic reports from Federal Reserve 

Banks; public debt interest accrued and unpaid beginning with June and 
the fiscal year 1955 (previously included from November 1949 as interest 
checks and coupons outstanding) ; also deposits in transit and changes in 
cash held outside the Treasury and in certain other accounts beginning 



with the fiscal year 1954. Net increase, or decrease(-). 
For current month detail, 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, 195''; 
$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, I960; $298 billion on July 1, 1961; $300 bill .on 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, 1953; $324 billion on June 29, 1964; $328 
billion on July 1, 1965; $330 billion on July 1, 1956; $336 billion 
on March 2, 1967; and $358 billion on July ], 1957. 
Preliminary. 



ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES. 



Treasury Bulletin ' 



Table 1. - Receipts by Principal Sources 



Fiscal year 
or month 



Individual 



Not 
Withheld 



Corpo- 
ration 



Employment taxes 



For old-age, 
disability, 
and hospital 
insxirance 



For rail- 
road re- 
tirement 



For un- 
employ- 
ment 
insurance 



Total 
employ- 
ment 
taxes 



Total 
internal 



laneous 
receipts 



1958 

1959 

19bO 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.). 



19oD-July. 
Aug.. 
Sept. 
Oct.. 
Nov.. 
Dec. 

19 67- Jan.. 
Feb.. 
Mar., 
Apr.. 

May. . 
June 

July. 



27, oa 
;^9,001 
31,675 
32,978 
36,2i6 
38,719 
39,259 
36,840 
i2,811 
50,477 

59,200 



3,374 
5,095 
3,792 
3,434 
5,155 
3,791 

3,674 
5,268 
4,157 
3,591 
4,987 

4,160 ; 

3,843 



11,528 
11,733 
13,271 
13,175 
U,403 
U,269 
15,331 
16,820 
18,486 
18,848 

21,600 



351 

173 2/ 
2,608 
277 
148 
427 2/ 

3,075 

944 

359 2/ 
6,216 

701 
3,070 2/ 

264 



20,533 
18,092 
22,179 
21,765 
21,296 
22,336 
24,301 
26,131 
30,834 
34,915 

34,700 



878 
606 

4,547 
797 
580 

4,636 

823 

635 

6,728 

4,295 

1,065 
9,324 

946 



59,102 
58,826 
67,125 
67,918 
71,945 
75,324 
78,891 
79,792 
92,132 
104,240 

115,500 



4,603 
5,873 

10,947 
4,508 
5,884 
8,853 
7,572 
6,847 

11,743 

14,102 
6,753 

lu,554 

5,053 



10,814 
10,760 
11,865 
12,064 
12,752 
13,410 
13,950 
14,793 
13,398 
14,130 

14,118 



971 
1,249 
1,156 
1,065 
1,212 
1,110 

1,147 
1,075 
1,539 
1,023 
1,274 
1,309 

1,241 



7,733 
8,004 
10,211 
11,586 
11,686 
13,484 
15,558 
15,846 
19,005 
25,563 

27,292 



l,6oO 
2,500 2j' 
1,728 
1,209 
1,755 
1,588 2,' 

1,582 
2,731 

2,274 2,/ 
3,142 
2,904 
2,490 2/ 
1,957 



575 
525 
607 
571 
564 
572 
594 
636 
684 
790 

835 



16 
118 



336 
324 
341 
345 
458 
948 
851 
622 
567 
603 



8,644 
8,854 
11,159 
12,502 
12,708 
15,004 
17,003 
17,104 
20,256 
26,956 

28,724 



1,674 
2,614 
1,793 
1,220 
1,868 
1,655 
1,673 
3,352 
2,353 
3,157 
3,033 
2,564 
1,970 



1,411 
1,353 
1,626 
1,916 
2,035 
2,187 
2,416 
2,746 
3,094 
3,001 

3,130 



215 
224 
214 
206 
196 
204 
269 
224 
270 
352 
445 



79,978 
79,798 
91,775 
94,401 
99, Ul 
105,925 
112,260 
114,435 
128,880 
148,327 
161,472 



7,463 
9,960 

14,109 
6,999 
9,161 

11,822 

10,661 
11,498 
15,906 
18,634 

11,504 
20,610 

8,471 



800 
948 

1,123 
1,008 
1,171 
1,241 
1,284 
1,478 
1,811 
1,972 

2,U5 



179 
170 
170 
179 
161 

160 
134 
170 
150 
166 



3,196 
3,158 
4,064 
4,082 
3,20b 
4,436 
4,077 
4,622 
5,865 
6,860 

0,518 



373 
447 
555 
740 
479 
832 
502 
414 
452 
442 
402 
1,222 

387 



Fiscal year 
or month 



Less: Refunds of 



joeipts 2/'" 



Internal revenue 
applicable to 



Trust 
accounts 



Total 

refunds 

i/ 



Transfers of tax 



Federal Old- 
Age and Sur- 
vivors Insur- 
ance Trust 

Fund i/' 



Federal 
Disability 
Insurance 
Trust F\md 

4/ 



Federal 
Hospital 
Insurance 

Trust Fund 



High- 
way 
Trust 

Fund 4/ 



Railroad 
Retire- 
ment 
Accounts 



Unemploy- 
ment 
Trust 
Fund 4/ 



Deduct: 
Inter- 
fund 
trans- 
actions 

i/' 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.). 

1966- July... 

Aug 

Sept. . . 

Oct 

Nov 

Dec 

1967- Jan... 

Feb 

Mar. . . 
Apr ... 
May 

July.. 



4,413 
4,907 
5,024 
5,725 
5,957 
6,267 
6,817 
5,668 
6,857 
9,010 

8,b5U 



187 
154 



2,189 
,38, 

804 



180 
193 
224 
278 
269 
297 
323 
354 
500 

4d4 



4,598 
5,114 
5,238 
5,976 
6,266 
6,571 
7,148 
6,030 
7,256 
9,581 

9,179 



198 
158 



185 
168 



2,204 
2,322 
-■,39: 



6,795 
7,084 
9,192 
10,537 
10,600 
12,351 
14,335 
14,572 
16,474 
20,732 

21,749 

1,384 
2,092 
1,440 
1,009 
l,4cl 

1,329 ; 

1,035 
2,217 
1,820 , 
2,557 ' 

.",347 

1,573 



863 

837 

929 

953 

945 

994 
1,057 
1,082 

2,142 

138 

206 £,/■ 
144 
100 
H7 
132 2/ 

110 



190 2/' 
156 



862 
2,483 

3,076 



138 

202 
lU 

100 

147 

127 2/ 



329 
326 

."'60 2/ 



2,949 
3,279 
3,519 
3,659 
3,917 
4,441 

4,946 



357 
527 
354 
341 



340 
362 
568 
200 
352 
313 



575 
525 
d07 
571 
564 
572 
593 
636 
683 
790 



343 
453 
945 
847 
615 
561 
597 



567 
355 
694 
654 
633 
513 
664 
870 
635 
o75 



53 
325 



Source: Actual figures are from the monthly statement of receipts and 
expenditures of the Government ffor explanation of reporting bases, 
see page II); estimates, including effect of proposed legislation, 



are from the 1968 Budget document released January 24, 1967. 
1/ Bepinnine February 1966 includes hospital insurance. 
Remaining footnotes on following page. 



August 1967 



.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES. 



Table 2. - Detail of Miscellaneous Receipts by Major Categories 



(In millions of dollars) 



Dividends 
and other 



Recov- 
eries and 

refunds 



Royal- 
ties 



Sale of 
Govern- 
ment 
property 



Sale of 
prod- 



Seign- 
iorage 

1/ 



Fees for 

permits 

and 



other 
charge 
for 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 p 

1968 (Est.)... 

1966- July 

August. . . 
September 
October. . 
November. 
December. 

1967- January . . 
February. 
March. . . . 
April .... 

May 

June p. . . 

July 



3,1«6 
3,158 
i,06i 
i,082 
3,206 
i,i3« 
/;,077 
A, 622 
5,865 
6,860 
6,518 



373 
W? 
555 
74.0 
i79 
332 

502 
AU 
452 
U2 
402 
1,222 

387 



745 
601 
967 
942 
877 
765 
955 
,077 
847 
965 
960 



50 
56 
63 
337 



674 
506 
,111 
805 
743 



1,393 
1,731 
1,829 
2,195 



140 
142 
158 
146 

155 
152 

165 
160 
143 
159 
154 
156 



328 
587 
436 

1,012 
371 

1,076 
752 
496 
359 
602 

201 



23 

39 

55 

2U 



322 
343 
114 
182 
154 
200 
130 
132 
132 
174 



93 
96 
lU 
121 
124 
131 
132 
208 
104 



345 
325 
392 
343 
263 
263 
331 
431 
944 
671 



304 
350 
374 
330 
342 
370 
409 
427 
494 
578 



117 
649 
837 

519 



83 
105 
103 



161 
133 
111 
100 
101 
110 
118 
128 
127 
140 



93 

325 



109 
235 
663 



69 


37 


51 


47 


62 


45 


35 


36 


35 


74 


56 


37 


54 


31 


46 


47 


63 


108 



163 
166 



Source : Actual figures through 1961 are from reports to the Treasury 
Department by disbursing officers and administrative agencies, on 
the monthly statement reporting basis (see page II); and from the 
monthly statement of receipts and expenditures thereafter. Esti- 
mates, including effect of proposed legislation, are from the 1968 
Budget document, released January 24, 1967. 



representing profits from 
"dividends and other 



1/ Beginning October 1965 certain accounts 
silver coinage, previously classified a 
earnings," have been classified as "seigniorage." 

2/ Consists of miscellaneous taxes (principally the tonnage tax on 
foreign vessels entering U. S. ports), bullion charges, gifts and 
tributions, and undistributed proceeds, sale of foreign currency. 

p Preliminary. 



Footnotes to Table 1 - (Continued) 



Includes adjustments as follows: Income taxes not withheld, August -$4 
million, December -$4 million, March -$4 million, and June -t43 million; 
Income taxes withheld, August -*56 million, December -tl49 million, 
March +4272 million, and June -$234 million; transfers to Federal Old-Age 
and Survivors Insurance Trust Fund, August +$56 million, December +$133 
million, March -$241 million, and June +$233 million; transfers to 
Federal Disability Insurance Trust Fund, August +$4 million, December 
+$13 million, March +$11 million, and June +$22 million; and transfers 
to Federal Hospital Insurance Trust Fund, December +$7 million, March 
-$15 million, aid June +$22 million. 



y 



Interest on refunds is Included in expenditures in Table 3. 

The principal amounts for refunds of employment taxes and certain 

excise taxes (highway) are excluded from the transfers of tax receipts 

shown herein, and are included with refunds of internal revenue 

receipts, applicable to trust accoimts. 

For content, see Table 4. These transactions are included in the 

detail of both budget receipts and expenditures but are deducted from 

the totals (see Reporting Bases, p. II). 

Less than $500,000. 

Preliminary. 



Treasury Bulletin 



ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES 



INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES 



$Bil. 
96 
92 
88 
84 
80 
76 
72 
68 
64 
60 
56 
52 
48 
44 
40 
36 
32 
28 



$Bil. 




■ , 


Total* 












125 
100 
75 
50 


55 Comparison first 
Jo ■*-^ montli fiscal 






1 


- 




- 










1 





1 





1 


— 


1 


_ 




- 


H 


- 




- 


1 


- 




- 


1 


- 






25 


VA 


° 1 


954 




56 








58 








60 








62 








64 






■66 


•68 



$Bil. 

125 
100 
75 
50 
25 




Individual Income Tax and 






Employment Taxes* 




~~ 






I 


1 


1 






- 


: 

- 


1 


- 


1 


- 






- 


1 


- 


1 


- 




- 


- 




I 


1 


i 





$ Billions 

96 32 

92 28 

88 24 

84 20 

80 16 

76 12 

72 8 

68 4 
64 



Corporation 


nonmfi Taxes 1 


E2 




1 


- 






- 


- - 


- 


- 


- - 


- 


- 


- 


- 


- 



1954 '56 



60 

56 -^ 1954 '56 



tstate and bitt laxes ^ h ■ ■ 

■ ■■■■■■■■■■■ll_ 

954 56 '58 '60 62 64 '66 '68 



$Bil. 

32 

28 

24 

20 

16 

12 

8 



1954 '56 



'58 



'60 



'62 



•64 



'66 



'68 




1954 56 58 60 '62 '64 '66 



Source Internal Revenue Service collection reports and Monthly Statement of Receipts and Expenditures of the U. S. Government. For explanation of difference 
in reporting basis from budget receipts through 1954, see the Treasury Bulletin for July 1962, p. 80, and in the Annual Report of the Secretary of the Treasury 
for 1962, p 599. 
* Beginning with the fiscal year 1955. includes undistributed depositary receipts and unapplied collections. 

^Included in"Excise Taxes"above. Current year collections of 'Alcohol and Tobacco Taxes", and preceding year comparable periods (derived from Internal 
Revenue Service collection reports), log behind total excise tax figures by one month 
Office of Oie Secretary ol the Treasury 6-165 



August 1967 



.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES 



Table 3. - Expenditures by Agencies 



Fiscal year 
or month 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 , 

1966 

1967p 

1968 (Est.).... 

1966- July 

August . . . . 
September . 
October. . . 
N ov ember . . 
December. . 

1967-January. . . 
February. . 

March 

April 

May 

June p . . . 

July 



Legis- 
lative 
Branch 



13i 
153 
W! 
152 
165 
185 
250 



Judi- 
ciary 



Executive 
Office 
of the 
President 



Funds 

appropriated 
to the 
President 



i,081 
i,109 
1,76/V 
1,808 
2,053 
3,968 
i,119 
i,307 
A, 32 A 
i,098 

5,418 

307 
378 
367 
286 
385 
-ZA 

i59 
377 
266 
373 
iU 



i,375 
7,091 

5,a9 

5,929 
6,669 
7,735 
7,897 
7,298 
5,9i9 
5,817 

6,047 



486 

1,475 

1,042 

1,086 

368 

269 

189 
232 

330 
-111 
442 



Commerce 
Depart- 



645 
382 
539 
498 
594 
676 
686 
758 
730 
757 



75r 

53 

36 



Defense Department 



Military 



39,062 
41,233 
42,824 
4A,677 
48,205 
48,252 
49,760 
46,173 
54,409 
67,570 

72,300 



4,661 
5,353 
5,725 
5,285 

5,262 

5,912 
5,50Q 
6,611 
6,057 
5,841 
5,659 
6,151 



733 

807 

902 

971 

999 

1,128 

1,153 

1,234 

1,309 

1,343 

1,415 



123 
133 
135 
149 

133 
116 



Health, 

Educati 

and 

Welfare 

Department 



2,645 
3,092 
3,403 
3,685 
4,215 
4,909 
5,498 
5,740 
7,669 
10,801 

11,739 



909 
765 
900 
767 
702 
771 

1,112 
933 

1,050 
692 
971 

1,230 

1,076 



Housing 
and Urban 
Development 
Department 



199 
1,152 
309 
502 
739 
410 
328 
250 
767 
520 
-102 



616 
-122 
510 
357 
287 
-354 



139 
-347 
138 

-234 



Interior 
Depart- 
ment 



751 

690 

801 

908 

1,029 

1,124 

1,205 

1,331 

1,510 

1,692 

134 
171 
121 
127 
130 
142 

103 
124 

115 
98 
116 

127 



Justice 
Depart- 



250 
258 
284 
294 
317 
328 
358 
371 
407 



Labor 
Depart- 



567 

1,016 

549 

831 2/ 
620 
257 
370 
480 
503 
506 

527 



79 
-228 

49 
50 

55 
52 



58 



Post 
Office 
Depart- 
ment 1/ 



674 
774 
525 
914 
797 
770 
578 
8O5 
888 
1,183 

544 



74 
124 
U3 



123. 

113 

119 
50 
93 

L41 



Fiscal year 
or month 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967p 

1968 (Est.). 



1966-July.. 
August 
September 
October. 
November 
December 

1967-January. 

February 
March . 
April. 
May. . . 
June p 



July. 



State 
Depart- 
ment 



272 
247 
258 
307 
408 
347 
383 
407 



Trans- 
portation 



nent V 



441 
508 



726 
751 

795 

8O4 

1,468 

1,375 

128r 

125 
122 
135 
124 
123 

133 
121 
124 



136 
115 



Treasury Department 



public 
debt 5/ 



7,607 
7,593 
9,180 
8,957 
9,120 
9,895 
10,666 
11,346 
12, OU 
13,392 
14,050 

1,091 
1,064 
1,086 
1,098 
1,100 
1,160 

1,173 
1,108 
1,154 
1,127 
1,103 
1,128 

1,142 



refunds 
of taxe 



104 

120 



Energy 



765 
2,178 8/ 

875 

987 

985 
1,059 
1,193 
1,306 
1,342 
1,026 

9'/9 



2,268 
2,541 
2,623 
2,713 
2,806 
2,758 
2,765 
2,625 
2,403 
2,264 

2,330 



226 
180 
189 
195 
174 
192 

196 
181 
195 
190 
199 
147 
235 



General 
Services 
Adminis- 
tration 



425 
359 
408 
387 
445 
466 
593 
624 
601 
679 



62 
16 
73 
56 
37 
56 
109 



National 

nautics 
and Spac 

Adm. 



145 
401 
744 
1,257 
2,552 
4,171 
5,093 
5,933 
5,426 

5,300 

4'^4 
Ul 
483 
493 
458 
486 

464 
390 
468 



Veterans 
Adminis- 
tration 



5,098 
5,232 
5,250 
5,401 
5,392 
5,173 
5,478 
5,488 
5,070 
6,195 
6,121 

449 
442 
531 
545 
553 
608 

466 
560 
547 
478 
564 
451 
541 



pendent 
agencies 



940 
956 
224 
794 
937 
293 
159 
708 
323 
466 

651 



197 
220 
310 
221 
-108 

-266 
-326 

192 
-57 



Columbia 
6/ 



66 
57 
61 
71 
84 
127 



71,936 
80,697 
77,233 
82,169 
88,419 
93,155 
98,348 
97,377 
107,613 
126,407 



Deduct: 
Inter- 
fund 
trans- 
tions 



2/ 



567 
355 
694 
654 
633 
513 
664 
870 
635 
675 



135,715 9/ 682 

10,302 
11,093 
11,936 
11,302 
10,388 
9,543 

10,079 

9,476 
11,707 

9,478 
10,922 
10,180 35 

11,550 48 



budget 
expend- 
itures 



71,369 

80,342 

76,539 

81,515 

87,787 

92,642 

97,684 

96,507 
106,978 
125,732 
135,033 2/ 

10,263 
11,042 
11,883 
10,977 
10,386 
9,512 

9,987 

9,459 
11,699 

9,464 
10,915 
10,145 

11,502 



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 1968 Budget document released January 24, 1967. 

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 necessarily represent functions 
which are comparable over a period of time (for a more consistent 
basis, see Table 5). 
Footnotes on following page. 



ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES 



Treasury Bulletin 



Table 4. - Intcrfund Transactions Excluded from Both Net Budget Receipts and Budget Expenditures 



(In millions of dollars) 



Fiscal year 
or month 



Interest payments to the Treasury 1/ 



Total 
inter- 



Commod- 
ity 

Credit 
Corp. 



Export- 
Import 
Bank of 
Washing- 
ton 



Housing 
and Urbar 
Develop- 
ment 
Depart- 
ment 2/ 



Company 



Small 
Busine 
Admin. 



Valley 
Author- 
ity 



Veterans ' 
Admin- 
istration 
2/ 



Under 
Defense 
Pro- 
duction 
Act 4/ 



Other 



burse- 
ment by 
Panama 
Canal 

Company 



Charges 

for 

audits 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

196B (Est.)... 

1966- July 

August. . . 
September 
October. . 
November. 
December . 

1967- January. . 
February. 
March. . . . 

April 

May 

June p. . . 

July 



5o7 
355 
69i 
654 
633 
513 
664 
870 
635 
675 



53 
325 



557 
342 
682 
640 
620 
499 
648 
852 
617 
658 



53 
319 



4il 
181 
465 
410 
330 
186 
199 
459 
302 
333 



45 
3° 
90 
118 
146 
160 
152 
U7 
138 
U9 



154 
1^5 
U 



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 
2/ Consists of payments by: Office of the Secretary for college housing, 

urban renewal, and public facility loans; Federal National Mortgage 

Association; and Public Housing Programs. ' 
2/ Direct loan program and reopened insurance fund. 
4/ By various agencies for programs under Defense Production Act. 
^ Consists of payments by the: Colorado River Dam Fund, Boulder Canyon 

project; Virgin Islands Corporation; Bureau of Federal Credit Unions; 

Civil Defense Program Fund until 1966; Farmers' Home Administration: 

Informational Media Guaranty Fund beginning 1959; Federal Ship 



Mortgage Insurance Fund beginning I960; St. Laurence Seaway 

Development Corporation beginning 1960; Economic Opportunity Loan 

Fund and Upper Colorado River storage project beginning 1965; 

Farmers' Home Administration rural housing loans beginning 1966; 

and Economic Development revolving fund beginning 1967. 
6/ For net cost of Canal Zone Government, less tolls on Government 

vessels, and for part of treaty payment for use of Canal Zone. 
7/ Includes $50 million for power marketing agencies. 
8/ Includes $10 million for fees and other charges of power 

marketing agencies. 
• Less than $500,000. p Preliminary. 



Footnotes to Table 3 - (Continued) 



Consists of net expenditures of the Postal Fund, reflecting the change 
in classification of Post Office transactions to a public enterprise 
revolving fund basis, and beginning fiscal 1960, payment for public 
services. 

Beginning with fiscal 1961, administrative expenses of the employ- 
ment security program are handled as trust account expenditures rather 
than budget expenditxires, pursuant to the Employment Security Act of 
1960, approved September 13, 1960 (42 H.S.C. 1101). 

Includes $258.8 million paid to the International Monetary Fimd for the 
additional United States gold subscription, authorized by an act 
approved June 2, 1965 (see "Account of the Treasurer of the United 
States," Table 4). 

Transportation Department was established pursuant to P.L. 89-670 
approved October 15, 1966 with Executive Order 11340 prescribing 
April 1, 1967 as the effective date. Beginning July 1966, figures 
have been adjusted to include certain expenditlires previously 
shown under Commerce, Interior, and Treasury Departments; Federal 
Aviation Agency; and other independent agencies. Figures prior to 



July 1966 are expenditures for the Federal Aviation Agency only. 

5/ Reported on an accrual basis. 

6/ Consists of Federal payment and loans and advances. 

7/ For content see Table 4. These transactions are included in the de- 
tail of both budget receipts and budget expenditures, but are deducted 
from the totals (see Reporting Bases, p. II). 

8/ Includes $1,375 million paid to the International Monetary Fund for 
the additional United States subscription, authorized by an act 
approved June 17, 1959, consisting of $343.8 million in gold (see 
"Account of the Treasurer of the United States," Table 4 J and 
$1,031 million in special notes. The special notes of the United 
States issued to international institutions are nonnegotiable and 
noninterest-bearing and are payable on demand. See also "Consol- 
idated Cash Transactions," Table 2 and "Debt Outstanding," Table 1. 

9/ Includes certain allowances of $2,150 million. 

p Preliminary. r Revised. 



August 1967 

ADMINTSTRATTV 


E BUDGET RECEIPTS AND EXPENDITU 
Expenditures and Balances by Functions 

(Fiscal years; in millions of dollars) 


RES 




7 


Table 5. - 










Function 

code 

number 


19 n2 


1063 


i:..i 


10 ID 5 


1966 


lo67p 1/ 


Functions 


Expenditures 


Unexpended 
balances end 
of period 2/ 


National defense: 


051 
057 
58 
05'4 

151 
152 

153 
15i 

351 

352 
353 
354 
355 

iOl 
4!"' 2 
40 3 
iOi 
405 
409 

501 
502 
503 
505 
506 
507 
508 

551 
552 
553 

555 

651 
652 
653 
655 
659 

701 
702 
703 
704 

801 
802 
803 
804 
805 


1. ^') 


48,252 
1,771 

24 


A° , 760 

1,485 

2,765 

172 


46,173 

1,229 

2,625 

136 

50,163 

346 
2,094 

223 
1,843 


54,409 

968 

2,403 

-62 


67,761 

781 

2,264 

-17 

70,789 


45,618 
1,831 
1,457 


Military assistance 












^1,103 


52,7.5 


54,181 


57,718 


49,238 




International affairs and finance: 


24° 

2,130 
107 

1,-47 


346 
1,826 

201 
2 , 040 

4,412 


207 
1,47'5 

207 
2,049 

4,032 


315 
1,864 

227 
1,784 

4,1Q1 


338 
1,447 

243 
1,U1 

3,469 






63 
21,705 

uo 












Total international affairs and finance 


4,''-"; 


4,506 
5,093 


22,0ai 








1,25'"' 


2,552 


4,171 


','--'-<3 


5,426 








Agriculture and agricultural resources: 

Farm income stabilization 3y' 


2,871 
234 
303 
367 
341 

4,llo 


3,003 
300 
342 
324 
301 

■",050 


3,798 
251 
342 
324 
414 

5,129 


3,236 
268 
392 
341 
457 


1,925 
160 
373 
346 
503 

3,307 


2,584 
-499 
424 
354 
537 

3,400 


5,674 


Financing rural electrification and rural telephones... 


1,275 
329 

179 


Research and other agricultural services 3/ 




4, '696 


8,583 








1 , 08O 

81 
°4 

',0 


1 ,8'.3 

^71 
°4 

112 
73 


1,927 
332 
91 
105 
130 
73 


2,023 
374 
105 
120 
134 
94 


2,235 
406 

108 
130 
152 
89 


2,327 

455 
122 
135 
188 
95 


1,617 




274 




59 


Fish and wildlife resources 


125 


Recreational resources 


270 


General resource surveys and administration 


16 


Total natural resources 


2, 2 04 


2,50o 


2,658 


2,851 


3,120 


3,323 

946 

772 
67 
1,183 
115 
162 
121 

3,366 


2,361 






Commerce and transportation: 


731 

■-'54 
74 


308 

672 
41 

770 

101 
84 


335 
658 

39 
578 
401 
401 

01 


875 
728 
39 
805 

557 
398 

^3 


879 
708 
46 
888 
193 
156 




Air transportation 


742 
747 
242 




Postal service 


575 








Regulation of business 






7.77^ 


■'.8i1 


-3,002 


3 , 400 


2,o6o 


4,38^ 


Housing and community development: 

fids to private housing V 


-14'^' 

Jol 
74 


17? 
70 


-595 
U9 
306 

59 


-818 
230 
420 
64 


-406 
233 
446 
75 


-202 
268 
535 
88 


13,172 
1,611 




6,693 




156 








34'-' 


---7 


-80 


-104 


347 


689 


21,633 






Health, labor, and welfare: 


:-,331 


1,4"'" 

2.';'3i 
423 


1,784 

345 

2,786 

466 

5 , 381 


1,781 
464 

2,827 
211 
513 


2,523 

500 

2,797 

1,018 

736 


3,161 

499 

4,227 

1,509 

889 




Health services and research ^ 

Labor and manpower 

Public assistance i/ 


3,140 

795 

1,066 

1,152 


other welfare services 


353 






Total health, labor, and welfare 


4.481 


4 , 71 '". 


5,797 


7,574 


10,286 


6,506 


Education: 

Assistance for elementary and secondary education 6/... 

Assistance for higher education 6/ 

Assistance to science education and basic research 

Other aid to education 6/ 


33" 
3^.0 
183 
207 


428 

20.) 
21'J 


404 
383 
310 
241 


418 
413 
309 

40'' 


1,368 
701 
368 


1,761 
610 
415 

573 

3,358 


793 

3,267 

666 

452 


Total education 


1 :T-r 


1.24i 

2,11': 
1,':08 

1,14' 


1,339 


1,544 


2,834 


5,178 


Veterans' benefits and services: 


; ,01" 

:.0S4 


2,158 
1,743 

113 
1,229 

24'^ 


2,176 

1,864 

-50 

1,270 

235 


2,221 
1,910 
-664 
1,318 

238 


4,301 

381 

1,391 

138 

6,211 




Veterans' service-connected compensation X' 

Veterans' nonservice-connected pensions 7/ 

Veterans ' readjustment benefits 4/ 


383 
1,380 


Other veterans' benefits and services 7/ 


282 


Total veterans' benefits and services 


5,403 


^> , 18' 


5,4<^2 


5,495 


SO23 


2,370 



(Continued on following page 



.ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES. 



Treasury Bulletin 



Table 5. - Expenditures and Balances by Functions - (Continued) 

(Fiscal years; in millions of dollars) 



Functi 

code 

number 



Expenditures 



Unexpended 
balajices end 
of period 2/ 



Interest : 

Interest on the public debt 

Interest on refunds of receipts 

Interest on uninvested funds 

Total interest 

General government : 

Legislative functions , 

Judicial functions 

Executive direction and management 

Central fiscal operations 

General property and records management 

Central personnel management 

Protective services and alien control.. 
Other general government 

Total general government , 

Undistributed , 

Total 

Deduct: Interfund transactions 

Net budget expenditures (see Table 3) •--' 



104. 



13,392 
120 



90^ 
905 
906 
908 



653 
A19 





300 
136 


1 


,875 


- 


pf 


•=33 


87 


787 



131 
63 
21 

715 

U2 
323 

13° 



791 
576 
lU 
335 

ISO 



23 
325 
606 
17i 
366 
IQO 



86i 
585 
175 
385 

1Q2 



25 
937 
661 

191 
i26 

213 



6 
107 
620 

9 



? 


i02 


- 


870 


.:..-, ^07 



; 


,711 


-!•;'■'■ 


12c 


675 


125 


,732 



Source: Expenditures for 1967 are from reports received from disbursing, 
collecting, and administrative agencies of the Government, on the 
monthly statement reporting basis (see page II). They are classified 
in accordance with classifications used in the 1968 Budget document, 
Table 19, as nearly as can be done on an individual appropriation 
and fund item basis. Prior year figures are from the same source 
but have been adjusted below the appropriation level in some instances 
by the Bureau of the Budget for use in Table 19. Where current 
classifications differ on this accoumt, they are footnoted. Revolving 
fund transactions are included net in the expenditures. 

1/ For expenditures by major functions for fiscal 1968 through July 
1967, and fiscal 1967 through July 1966, see "Note" below. 
Details by functions are not available for publication in this issue 
but will appear in the September 1967 Bulletin. 

2/ For description of items included, see Table 6. Although not expended, 
substantial portions of these amounts are obligated for payrolls, 
outstanding purchase orders and contracts for equipment and supplies, 
and similar items. 

2/ Expenditures for 1967 for function code 351 include those relating 
to specified research projects applicable to function code 355- 
These expenditures were made from "Special Activities, Commodity • 
Credit Corporation." 

4 Expenditures for 1967 for function code 551 include those relating 
to veterans' readjustment benefits applicable to function code 803 
and those relating to the advancement of business applicable to 
function code 506, These expenditures were made from the 
"Participation Sales Fund, Federal National Mortgage Association." 

^ Expenditures for 1967 for function code 653 include those relating 
to medical and hospital care for the aged applicable to function 
code 651. These expenditures were made from "Grants to States for 
Public Assistance, Welfare Administration." 

c,-' Expenditures for 1967 for function code 702 include those relating 
to assistance for elementary and secondary education applicable 
to function code 701 and other aids to education applicable to 
function code 704.. These expenditures were made from "Defense 
Educational Activities, Office of Education." 



Expenditures for 1967 for function code 301 include those relating 
to veterans' nonservice-connected pensions applicable to function 
code 802 and other veterans' benefits and services applicable to 
function code 805. These expenditures were made from "Compensation 
and Pensions, Veterans' Administration." 
Preliminary. 



Expenditures by major functi 



Functions 


1968 through 
July 1967 


1967 through 
July 1966 


National defense 

International affairs and finance 

Space research and technology 

Agriculture and agricultural resources.... 


(In mil 
351 

a2 

329 
290 

239 
1,239 

5i--' 

1,160 


lions) 

4,891 
260 
A9A 
397 
299 
292 
6i3 
951 
281 
450 

1,1 Or. 

238 






Health , labor , and welfare 

Education 


Interest 

General government 


Total 

Deduct: Interfund transactions 


11,550 


10,302 
4.0 


Net budget expenditures 


1 1 , 502 


1 , 263 









August 1967 



ADMINISTRATIVE BUDGET RECEIPTS AND EXPENDITURES 



Table 6. - Summary of Appropriations and Authorizations. Expenditures and Balances, by Agencies, 

as of June 30. 1967 (Preliminary) i/ 



negative figures 



the columns in which they appear; 



Additions, fiscal year l"^^? to date 



Unexpended 
balances 
brought forward 

July 1, 1966 ^/ 



Appropriati 



Authorizations 
expend from 
iebt receipts 4/ 



3ther autho 
tions _^/ 



Trans- 
fers 6/ 



Legislative Branch 

The Judiciary 

Executive Office of the President 

Funds appropriated to the President 

Agriculture Department 

Commerce Department 

Defense Department: 

Military 

Civil 

Undistributed foreign transactions 

Health, Education, and Welfare Department 

Housing and Urban Development Department 

Interior Department 

Justice Department 

Labor Department 

Post Office Department 

State Department 

Transportation Department 7/ 

Treasury Department 

Atomic Energy Commission 

General Services Administration 

National Aeronautics and Space Administration. . 

Veterans' Administration 

Other independent agencies 

District of Columbia - Federal payment and loar 

Total 



61 

7 
5 

17,930 
6,295 
1,212 

il,368 



5,727 

15,188 

1,076 

75 

656 

547 

139 

1,056 

124 

1,522 

660 

2,593 

2,120 

1.1,21- 



271 

90 

29 

5,112 

8,007 

1,051 

71,943 
1,331 

12,758 
1,457 
1,687 

408 

640 
1,210 

395 
1,665 
14,564 
2,199 

657 
4,968 



271 

90 

29 

5,112 

8,538 

1,065 

71,995 
1,381 

12,758 
1,521 
1,718 

408 

640 
1,210 

395 
1,672 
14,564 
2,199 

657 
4,968 
6,438 
1,263 

139 



139,031 



fiscal year 1Q67 to date 



Expenditures 



Kescissions, 
cancellations, 
and other 
adjustments S/ 



June 30, 1967 (Preliminary) 



Undisbursed 

appropri 

tions 



Unused author- 
izations to 
expend from 
debt receipts 4/ 



Unfunded 
contract 
authori- 



ments 
held 



Legislative Branch 

The Judiciary 

Executive Office of the President 

Funds appropriated to the President 

Agriculture Department 

Commerce Department 

Defense Department; 

Military 

Civil 

Undistributed foreign transactions 

Health, Education, and Welfare Department 

Housing and Urban Development Department 

Interior Department 

Justice Department 

Labor Department 

Post Office Department 

State Department 

Transportation Department 2'^ 

Treasury Department 

Atomic Energy Commission 

General Services Administration 

National Aeronautics and Space Administration 

Veterans' Administration 

Other independent agencies 

District of Columbia - Federal payment and loans to 
Adjustment to monthly statement of receipts and 

expenditures of the Government 

Total 

Deduct: Interfund transactions 

Net budget expenditures 



11 



4,049 

5,314 

757 

67,534 
1,342 

227 
10,801 

520 
1,510 

408 

506 
1,133 

415 
1,463 
14,539 
2,264 

679 
5,426 
6,195 

468 
84 



112 
33 



12,805 
2,139 
1,388 

45,393 

514 

-227 

7,573 

2,470 

1,157 

71 

790 

575 

118 

1,148 

149 

1,457 

629 

2,135 

1,917 

2,085 

145 



6,164 
5,6a 



1,236 
120 



100 

3,175 

121 



71 

10 

6 

18,969 

9,019 

1,513 



45, 



205 
11,004 



845 
524 
-227 
,673 
,186 
,292 
71 
790 
575 
118 
,262 
149 
.457 
629 
,135 
,364 
,902 
145 



32,75^ 



2,899 



125^^ 



Source: Bureau of Accounts. 

1/ These figures, the latest available, are based on reports from the ^/ 

agencies and, as additional information is received, are subject to 
adjustment preparatory to the closing of the central accounts in the 
Treasury for the fiscal year 1967. 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 reports S/ 

covering these transactions are not required by law to be submitted 
until September 30; certain indefinite appropriations included on the 
basis of Budget estimates rather than final actual figures; other 
transactions, including those relating to (a) authorizations to expend 2/ 
from debt receipts, (b) restorations and reappropriations. 

substantial portion of these amounts is 10/ 

outstanding purchase orders and contracts for 
and similar items. 



Although not expended, 

obligated for payrolls 

equipment and supplies 

Includes reappropriations 

Consists of authorization by law for Government-owned enterprises 

borrow (l) from the Treasury (to expend from public debt receipts 



to 



(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 liquidate 
either current or prior contract authorizations. 
Consists of appropriation transfers between agencies. 
See Table 3, footnote 4. 

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 preliminary 
data used in the monthly statement of receipts and expenditures of the 
Government. 
Less than $500,000 



10 



Treasury Bulletin 



TRUST AND OTHER TRANSACTIONS. 



Table 1. - Summary of Trust and Other Transactions 

( In nii]lioris of djllars) 





Net receipts or 
expenditures (-) , 
from trust 
and other trans- 
actions 


Trust and deposit fund accounts 


Net sale, or 
investment (-} by 
Government agencies 
in public debt and 
agency securities 
2/ 




Fiscal year 
or month 


Excess of 
receipts, or 
expenditures {-) 


Net 
receipts 

1/ 


Net 

expendi- 
tures 1/ 


Net purchase of 
participation 
certificates 
of trust 

accounts 2/ 


Net sale, or redemp- 
tion {-), of Government 
agency securities in 
the market 4/ 




"-50 
-602 
436 
97 
551 
426 
503 
-284 

-35 

-175 

-287 

-94 

214 

56 

229 

492 

399 

-677 

827 

-1,457 

188 

108 


--^,751 

-870 

790 

-851 

1,143 

1,446 

1,410 

-12 

10,139 

3,635 

-805 

2,347 

26 

-614 
1,101 

-371 

-60 
2,290 

866 
1,061 

2,471 
1,828 

-631 


1<-',153 
1';.,76't^ 
20,342 
23,583 
24,290 
27,689 
30,331 
31,047 
34,853 
44,632 

48,142 

2,837 
4,973 
2,681 
2,069 
3,717 
3,033 
2,612 
4,696 
3,543 
3,850 
5,367 
5,25^ 

'',029 


15,325 
1",521 
21,212 
22,793 
25,141 
26,545 
28,885 
29,637 
34,3t,4 
33,593 

44,507 

2)655 
2,634 
2,617 
3,403 

2,173 
2,406 

2,677 
2,639 
2,89" 
3,176 


900 

500 
150 


1,130 

-925 

-855 

-493 

-2,069 

-2,775 

-2,356 

-3,562 

-10,851 

-5,523 

333 
-3,103 

-142 

698 

-989 

-166 

477 
-1,649 
-1,082 

329 

-4,213 
-1,343 

4f,^. 


400 


1959 

1960 

1961 

1962 

1963 


1 , .'-! /■ 
1,746 
-537 
1,730 
1,022 


1964 

1965 

1966 


1,880 

1,372 

4,077 

428 




1,853 


1966 July 


297 
470 
22 
130 
-55 
767 

76 
-241 
-462 
-563 

285 
-296 

274 


August 

September 

October 

November 

December 


February 

March 

April 

May 

June p 



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 1968 Budget document released January 2^, 1967. 

Note: Figures in this table differ from those published prior to August 
1963 for shifts in classification including security transactions of 
Government- sponsored enterprises from deposit fund account expenditures 
to net investment by Government agencies in public debt securities, and 



net redemption of agency securities in the market; and certain deposit 
fund account receipts from net receipts to net expenditures. 
Certain interfund transactions are excluded from both receipts and 
expenditures beginning with the July 1961 issue of the Bulletin. For 
content see Table A. 
For content see Table 5. 
For content see Table 6. 
For content see Table 7. p Preliminary. 



Table 2. - Trust Receipts 



Federal 
Old-Age and 
Survivors 
Insurance 
Trust Fund 



Federal 
Disability 
Insurance 
Trust , 
Fund* 



Hospital 
Insurance 
Trust 
Fund 



Federal 
Supplemei 
MedicPl 
InsurSnci 

Trust F.1I 



Railro 
Retire 
ment 



ployment 

Trust 

Fund 



Life In- 
surance 
Fun.-3 



Life 
Insur- 
ance 



employees' 

retirement 
funds 



Highway 

Trust 

Fund 



trust 
receipt; 

1/ 



Dedu>-t,: 
Inter- 
fund 
trans- 
actions 



Net 

trust 

receipts 



1958 

1959 

I960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.).. 

1966-JuIy 

August. . , 
Septembe] 
October. , 
November, 
December, 

1967 -January. , 
February. 
March. , . , 

April 

May 

June p . , 

July 



7,824 
8,109 
10,360 
11,824 
12,011 
13,856 
16,043 
16,417 
18,461 
23,371 
24,399 

1,500 
2,619 
1,417 
1,042 
1,891 
1,584 

1,045 
2,631 
1,817 
2,582 
2,926 
2,317 

1,AA5 



929 
1,062 
1,083 
1,092 
1,145 
1,211 
1,241 
1,616 
2,332 

2,407 

155 
242 
164 
102 
177 
166 

110 
253 



916 
3,089 



176 
251 
164 
102 
175 
159 

156 
320 
274 
330 
381 
601 



1,283 



117 

176 

56 



758 
1,403 
1,051 
1,081 
1,128 
1,192 
1,342 
1,411 
1,609 



13 
137 



Source; See Table 1. 

1/ Includes principally District of Columbia receipts from taxes and 

from Federal contributions, loans, and grants; funds appropriated to 
the President - military advances under foreign assistance programs 
and mutual security trust funds; certain Department of Agriculture 
receipts; Indian tribal funds; increment resulting from reduction in 
the weight of the gold ilollar; and the Railroad Unemployment Insurance 
Administration Fund through November 1958 (for treatment after November 



1,855 
1,997 
2,703 
3,803 
3,985 
V,261 
i,288 
V,132 
i,12o 



634 
643 
668 
664 
058 
661 
662 
d93 
696 



1,458 
1,741 
1,766 
2,033 
2,086 
2,255 
2,465 
2,674 
2,834 
3,105 



201 
222 
262 
189 
214 
194 

232 
210 

209 
195 
233 



2,044 
2,088 
2,541 
2,300 
2,955 
3,293 
3,540 
3,670 
3,925 
4,455 

4,60? 

357 
528 
355 
342 

371 
357 

341 
362 

569 
201 



585 

711 

778 

890 

1,546 

1,402 

1,500 

1,593 

1,819 



195 
136 
121 



119 

155 



135 
908 
515 
528 
505 
521 
638 
770 
1,242 
730 

34 



10,153 
16,769 
20,342 
23,583 
24,290 
27,689 
30,331 
31,047 
34,353 
44,632 
48, U2 

2,837 
4,973 
2,681 
2,069 
3,717 
3,033 
2,612 
4,696 
3,543 
3,850 
5,367 
5,254 
3,02^' 



publi 



ihed quarterly) . 
Table 4. These transactions are included in the detail 
iceipts and trust expenditures, but are deducted from 



1958, See Tabli 

2/ For content sei 
of both trust : 
the totals. 

2/ Beginning fiscal 1961, tax receipts under the Federal Unemployment Tax 
Act are transferred currently to an administration account in the Un- 
employment Trust Fund pursuant to the Employment Security Act of 1960, 
approved September 13, I960 (42 U.S.C. 1101 (b)). 

p Preliminary. 



August 1967 



TRUST AND OTHER TRANSACTIONS 



11 



Table 3. - Trust, Deposit Fund, and Government-Sponsored Enterprise Expenditures 



of dollars; negatl 



Trust and deposit funds 



Federal Old-Age 
and Survivors 
Insurance Trust 
Fund 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.) 

1966- July 

August. . . . 
September. 
October, . . 
November. . 
December. . 

1967- January . . . 
February . . 

March 

April 

May 

Jtme p . . . . 

July 



8,041 
9,380 
11,073 
11,752 
13,270 
14,530 
15,235 
15 ,962 
18,76c 
19,728 

24,44.2 



1,554 
1,564 
1,549 



1,65 
1,68( 



Federal 
Disability 
Insurance 
Trust Fund 



561 
1,089 



1,997 

2,389 

157 
160 
160 
161 
163 



169 
168 



Federal 
Hospital 
Insxirance 
Trust Fund 



64 
2,597 
2,876 

11 
112 
170 
196 
225 
221 

217 
250 
306 
267 
320 
301 



Federal 
Supplementary 
Medical 
Insurance 
Trust Fund 



797 
1,295 



83 
85 
105 
103 
115 
110 



Railroad 
Retirement 



730 
778 
1,136 
1,124 
1,135 
1,112 
1,139 
1,185 
1,246 
1,315 
1,511 

101 
120 
102 
107 
105 
102 

113 
113 
111 
116 
114 
111 



Unemploy- 
ment 
Trust 
Fund 



3,148 

3,054 

2,736 

4,734 1/' 

3,906 

3,815 

3,707 

3,130 

2,687 

2,754 

2,534 

163 
193 
181 
13s 



290 
277 
335 
251 
246 
260 



National 
Service Life 
Insurance 
Fund 



544 
562 
582 
707 
626 
747 
585 
545 
485 
732 



85 
140 



Federal 
employees' 



896 
955 
1,063 
1,183 
1,326 
1,U6 
1,695 
1,976 

2,129 
159 

l63 

158 
161 
160 
160 

lo; 
166 
171 
173 



Highway 

Trust 

Fund 



1,512 
2,613 
2 ,945 
2,620 
2,784 
3,017 
3,645 
4,026 
3,965 
3,973 
3,816 

348 
429 
491 

460 
4U 
382 

302 
257 
238 
217 
237 
198 



Fiscal year 



Federal National 
Mortgage Association 2/ 



Trust and deposit fuiids-(Continued ) 



Other 

trust 1/ 



funds 

(net) 



Total 
trust and 
deposit funds 



nt-sponsored enterpri 



(net) U 



Farm 
Credit 
Adminis- 
tration V 



Federal 
home loan 
banks 



Federal 
Deposit 



Deduct: 
Inter- 
firnd 
trans- 



Net trust 

e:)^enditures 

2/ 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.) 

1966- July 

August. . . . 
September. 
October. .. 
November. . 
December. . 

1967-Jani;ary. . . 
February. . 

March 

April 

May 

June p . . . . 

July 



102 
176 
946 
-73 
317 
-730 
-104 
49 
,570 
695 



111 
124 



915 8/ 

672 8/ 

711 

697 

835 
1,208 
1,055 
1,152 
1,574 
1,864 

2,696 

121 
152 
119 

53 
119 
203 

89 
124 



-31 
-61 
-75 
205 
-5U 
146 
-567 
-210 
-520 
-1,083 
-122 

223 
-535 

-78 
-152 

-52 

-25 
-385 



15,962 
18,363 
21,636 
23,546 
24,577 
26,365 
27,549 
28,897 
33,450 
37,429 

44,595 

2,685 
2,773 
2,711 
2,710 
3,030 
3,779 
2,796 
3,144 
3,463 
3,135 
3,784 
3,420 



116 

562 

437 

396 

374 

483 

468 

899 

1,119 

1,151 

1,297 

195 
89 
84 
-7 
-6 
31 



854 
182 

-487 

872 

363 

1,572 

660 

1,293 

-3,506 

-400 

796 
-U9 

-59 

34 

-336 

-334 



-542 
-561 
-226 



-115 
-124 
-134 
-148 
-154 
-161 
-183 
-180 
-227 
-238 



-10 
-3 



-627 

1,292 

484 

-239 

1,092 

685 

1,857 

1,379 

2,184 

-2,594 

642 



23 

-365 
-304 
-571 
-684 
-713 
-444 
-300 
-170 



528 
505 
521 
638 
770 
1,242 

730 

34 
74 
72 
50 
4° 



587 
73 



15,325 
19,521 
21,212 
22,793 

25, Ul 

26,545 
28,885 
29,637 
34,864 
33,593 
U,507 

3,642 
2,627 
2,655 
2,684 
2,617 
3,403 

2,173 
2,406 
2,677 
2,639 
2,897 
3,176 

3,660 



Source: See Table 1. 

1/ See Table 2, footnote 3. 

2/ Secondary market operations, as provided in the Housing Act of 1954, 
approved August 2, 1954 (12 U.S.C. 1719). Funds provided by the 
Treasury (-), or repaid to the Treasury, are shown in a separate 
column (and correspondingly are reflected net in budget expenditures). 

_ Includes principally District of Columbia operating expenditures; Funds 
appropriated to the President - military advances under foreign assis- 
tance programs and mutual security trust funds; Indian tribal funds; 
expenditures chargeable against increment on gold; and trust enterprise 
funds (net). The Railroad Unemployment Insurance Administration Fund 
is included through November 1958 (see Table 13, published quarterly). 



the Employees' Life Insurance Fund (net) and the Employees' Health 
Benefits Fund (net) beginning 1961. 

4/ Previously shotm as deposit fiinds (see Table 1, Note). 

^ Includes Banks for cooperatives. Federal intermediate credit banks, 
and Federal land banks . 

6/ For content see Table 4- These transactions are included in the 
detail of both trust receipts and trust expenditures, but are de- 
ducted from the totals. 

7/ Excludes net piirchases of participation certificates. 

8/ Includes expenditures of the Federal intermediate credit banks which 
were operated as trust enterprise funds from January 1, 1957, until 
January 1, 1959, when these banks were classified as Government- 
sponsored enterprises. 

p Preliminary. 



12 



Treasury Bulletin 



.TRUST AND OTHER TRANSACTIONS. 



Table 4. - Interfund Transactions Excluded from Both Net Trust Receipts and Trust Expenditures 



[In millions of doll^ 



Fiscal year 
or month 



Federal 
Old-Age and 
Survivors 
Insurance 
Trust Fund 1/ 



Federal Dis- 
ability 
Insiirance 

Trust 
Fund 1,/ 2/ 



Federal 
Supple- 
mentary 
Medical 

Insurance 
Trust Fund 



Retirement 
:: counts 



1/4/ 



Unem- 
ployment 
Trust 
Fund y 



Alien 
property 



Columbia 7/ 



Other 8/ 



1958 

1959 

I960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 p 

1968 (Est.) 

1966 July 

August. . . . 
September. 
October. . . 
November. . 
December. . 

1967-January. .. 
February . . 

March 

April 

May 

June p. . . . 

July 



135 


i:% 


V08 


600 


515 


332 


528 


361 


505 


^23 


521 


i0 3 


638 


i36 


770 oy 


Ui 


,.^2 9/' 


508 


730 2.-' 


un 



92 

100 



U2 

26 



587 
73 



508 
U lO,' 



Source: See Table 1. 

1/ Payments are made between the Railroad Retirement Accounts and 

Federal 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 
included under social seciirity coverage. 

Includes interest on amounts reimbursed to the Federal Old-Age and 
Survivors Insurance Trust Fund for administrative expenses. 
Premiums deducted from benefit payments from Federal Old-Age and Sur- 
vivors and Federal Disability insurance trust funds, and Civil Service 
and Railroad Retirement accounts. 

Includes temporary advances to the Railroad Unemployment Insurance 
account in the Unemployment Trust F\ind when the balance in the account 
is insufficient to meet payments of benefits and refunds due or to 
become due. 

Repayment of advances plus interest to the Railroad Retirement Accounts. 
See footnote i. 



2/ 

10/ 



Transfers to the Foreign Claims Settlement Commission. 
Contributions and beginning with 1958, transfers of deductions from 
eKployees' salaries to the Civil Service Retirement and Disability 
Fund, advances to National Park Service, advances to Smithsonian 
Institution and advances to National Capital Planning Commission. 
Includes small amounts transferred from the Civil Service Retirement 
and Disability Fund to Foreign Service Retirement and Disability Fund; 
and beginning July 1967 interest on agency securities and participation 
certificates for Federal Hospital Insurance Trust Ftind, National Service 
Life Insurance Fund, Government Life Insurance Fund, and Civil Service 
Retirement and Disability Fund. 

Total includes small amounts of interest on amounts reimbursed to 
Federal Old-Age and Survivors Insurance Trust Fund by Federal Hospital 
Insurance Trust Fund for administrative expenses. 

Includes interest on agency securities and participation certificates. 
Preliminary. » Less than $500,000. 



Table 5. - Purchases of Participation Certificates (Net) 

(In millions of dollars) 



Fiscal year 
or month 


Total 


Federal Old-Age 
and Survivors 
Insurance Trust 
Fund 


Federal 
risability 
Insurance 
Trust Fund 


Federal Hospital 
Insurance Trust 
Fund 


Railroad 

Retirement 

Account 


Unemployment 
Trust Fund 


national Service 
Life Insurance 
Fund 


Civil Service 
Retirement and 
Disability Fund 


ether 


1967 p 


900.0 
5(Xi.O 
150.0 


100.0 

50.0 
50.0 


50.0 
50.0 


50.0 


50.0 


175.0 
100.0 


150.0 
100.0 


200.0 
100.0 

50.0 
50.0 




1968 (Est.) 












March 








May 




June p 


2'i.0 


July 































P Preliminary, 



August 1967 



.TRUST AND OTHER TRANSACTIONS 



13 



Table 6.- Investments in Public Debt and Agency Securities (Net) 



illlons of dollars; negative figures 



Trust 



Total 
trust 
accounts, 

etc. X/ 



Federal 
Old-Age ar.c 
Survivors 
Insurance 
Trust Fund 



Federal 
Disability 
Insurance 
Trust Fund 



Federal 
Hospital 
Insurance 
Trust Fund 



Federal 
Supplementary- 
Medical 
Insurance 
Trust Fund 



Railroad 
Retire- 



Unemploy- 
ment 
Trust 
Fund 



National 
Service 
Life 



overnment 

Life 
Insurance 

Fund 



Federal 

employees' 

retirement 

funds 



Highway 

Trust 

Fund 



Sept. . . 

Oct 

Nov 

Dec 

-Jan . . . . 

Feb 

Mar 

April . . 
May 

June p. 



597 

-1,130 

925 

855 

A93 

2,775 

2,356 

3,562 

10,851 

5,523 

-333 

3,103 

142 



166 

-477 
1,649 
1,082 

-329 
4,213 
1,343 



506 

-1,232 

760 

707 

301 

1,782 

2,412 

2,327 

3,358 

10,378 

5,016 

-390 

3,064 

101 

-702 

953 

162 

-473 
1,326 

1,135 
-326 
4,091 
1,435 



-499 

-1,290 

-726 

-225 

-1,089 

-821 

692 

461 

-857 

3,655 

-14U 

-22 

1,367 
-147 
-577 
412 
-152 

-r.36 

1,153 



729 
552 
494 
285 
21 
-129 
-139 
-263 
-413 
320 



786 
462 

860 

203 
124 
39 



138 
311 



149 
154 
237 



-104 

556 



-1,255 
-1,011 



72 

573 

967 

1,468 

1,095 



-90 
69 
126 

204 
-184 



671 

958 

871 

1,063 

1,034 

1,075 

1,126 

1,214 

1,113 

919 

929 



101 
29 



-225 
722 
-150 



418 
-393 
-428 
233 
202 
242 
-69 
-344 



-41 
-189 



9 
110 
354 
-19 



Fiscal year 



Trust accounts, etc. -(Continued) 



sponsored 

enterprises 

1/ 



Government-sp 



red enterprises 



Insurance 
Corpora- 
tion 



loan 
banks 



Feder 

land 

banks 



Federal 
inter- 



credit 
banks 2/ 



nterprise funds 



Total 
public 
enter- 
prise 
funds 



Export- 
Import 
Bank of 
Washington 



Federal 
Housing 
Adminis- 
tration 



Federal 
National 



Associa- 
tion 2/ 



Federal 
Savings and 
Loan Insur- 
ance Corpo- 
ration 



1966- July... 

Aug 

Sept... 

Oct 

Nov. . . . 
Dec 

Apr 

May.. . . 

June p. 



i60 
-70 
239 
434 
30 
771 
43 
72 
490 
,029 



-510 
191 
223 
154 
286 
373 

563 

327 
228 

-112 
578 

-272 



124 

134 
148 
154 
161 
183 
180 



346 
-299 

102 

287 
-122 

612 
-141 
-104 

260 
1,791 



102 
166 
149 
191 



-193 
-129 



34 
229 

269 
2U 
208 
20i 
212 



_ 


-508 


12 


178 


10 


213 


3 


151 


23 


236 


1 


328 


51 


557 


109 


215 


- 


257 


4 


-117 


25 


546 


- 


-265 



-4 


- 


323 


237 


-53 


-108 


-4 


-12 


122 


73 


-92 


-109 



Source: See Table 1. 

1/ See Table 1, Note. 

2/ Includes Federal Intermediate credit banks which were classified a 

trust enterprise funds January 1, 1957 to January 1, 1959, and as 

Government-sponsored enterprises thereafter. 



Management and liquidating functions as provided by the Housing Act 
of 1954, approved August 2, 1954 (12 U.S.C. 1721). Investment in- 
cludes guaranteed securities. 

Includes amounts for Tennessee Valley Authority as follows: fiscal year 
I960 851 million, 1961 -$12 million, 1962 -$29 million, and 1963 -$10 
million. '' Less than $500,000. p Preliminary 



14 



Treasury Bulletin 



TRUST AND OTHER TRANSACTIONS 



Table 7. - Sales and Redemptions of Government Agency Securities in Market (Net) 



of dollars; negative figures 



Fiscal year 



Ities guaranteed by the United State 



Total 
guaranteed 



Public enterprise funds 



Federal 

Farm 

Mortgage 

Corpo- 



Federal 

Housing 
Adninis- 



Home 

Owners ' 

Loan 

Corpo- 



Trust 
enterpr 

fund 



ities not guaranteed by the Unit.e'-.i otate 



Total not 
guaranteed 



Public enterpr 



Mortgage 



Home 

Owners 

Loan 



1953 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.) 

1966- July 

August. — 
September. 
October. . . 
November. . 
December. . 

1967-January — 
February. . 

March 

April 

May 

June p . . . . 

July 



1,293 


-10 


l,7i6 


-29 


537 


-100 


1,780 


-204 


1,022 


-162 


1,880 


-206 


1,372 


223 


4,077 


129 


-428 


-51 


1,853 


-30 


-2°7 


-27 


-470 


5 


-22 


-1- 


-130 


4 


55 


4 


-767 


* 


-76 


-6 


241 


-10 


4b2 


3 


563 


2 


-285 


-4 


296 


-3 



-204 
-162 
-206 
223 



-1,283 
-1,717 



-1,674 



-377 



-270 

-475 



seal year 
month 



3t guaranteed by the United Ctate 



Public enterpris 
funds - (Cont. ) 



Tennessee 

Valley 

Authority 



Federal 
intermediate 

credit 
banks 3/ 



Federal 
National 
Mortgage 
Association 4/ 



nt-sponsored enterpri 



Banks 
for 

cooperati 



Federal 


Federal 


home 


intermediat 


loan 


credi' 


banks 


banks 1/ 


282 




-554 


-340 


-284 


-144 


200 


-124 


-750 


-132 


-975 


-278 


-1,431 


-182 


-556 


-147 


-i,';'^3 


-101 


1,715 


-446 


400 


-400 


-28? 


-82 


-29 


-55 


-IV^ 


-1 


-L-5 


82 



Feder 
land 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est. )... 

1966- July 

August. . . 
September 
October. . 
November . 
December. 

1967-Januai'y. . 
February. 

March 

April. . . . 

May 

June p . . . 

July 



-60 
-132 



-115 
-125 
-994 
. 86 
-359 
597 
262 

-1,472 
-810 



212 
-356 

236 
52 

-27 
-648 

-78 

-106 



541 

570 
659 
15 
4°1 



-130 
-112 
-112 



-242 
-250 
-220 
-192 
-174 
-248 
-559 
-575 
-506 
-625 



-165 

4 

-107 



Source: See Table 1. 

1/ See Table 1, Note. 

2/ Management and liquidating functions. 

2/ Federal intermediate credit banks wer< 



classified as trust enterprise 



funds January 1, 1957 to January 1, 1959, and a.'; Government-sponsored 

enterprises thereafter. 
4/ Secondary market operations. 
'■' Less than $500,000. 
p Preliminary. 



August 1967 



15 



TRUST AND OTHER TRANSACTIONS 



Table 8. - Federal Old-Age and Survivors Insurance Trust Fund V 

(In millions of dollars) 



Fiscal year 
or month 



Total 2/ 



Appropr 

2/ 



Deposits by 
States 4/ 



on investments 



Expenditures other than investments 



Benefit 
payments 



Payments to Rail- 
road Retirement 
Accounts ^ 



1937-57 

1958 

1959 

I960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.) 

1966-July 

August 

September. . . . 

October 

November 

December 

1967- January 

February 

March 

April 

May 

June p 

1937 to date P 9/. 



8,108.7 
10,360.0 
11,823.9 
12,011.0 
13,855.7 
16,043.4 
16,416.5 
18,460.8 
23,371.2 

24,399.3 b/ 

1,499.7 8/ 

2,618.6 

1,416.9 

1,042.5 
1,890.9 
1,584.1 
1,045.0 
2,631.0 
1,816.7 

2,582.0 
2,926.3 

2,317.5 



,872.4 
i,794.9 
,084.0 
,192.4 
,537.2 
,600.0 
,351.2 
,335.1 
,572.4 
,473.5 
,731.6 



1,384.0 
2,092.4 
1,440.0 

1,009.0 
1,461.0 
1,329.2 

1,035.3 
2,217.0 
1,819.6 

2,557.0 
2,347.0 
2,040.1 



730.0 

472.1 

481.1 

650.3 

755.4 

869.6 

989.6 

1,166.6 

1,257.9 

1,392.4 

1,835.4 

1,698.0 

34.2 
502.0 



12.0 
404.4 
-16.3 

4.3 
390.6 
-11.6 



3.7 
543.1 



555.4 
543.0 
516.4 
530.2 
539.0 
512.4 
539.0 
583.1 
588.2 
725.3 

874.0 



25.5 
270.4 

5.4 
23.4 
8.7 

21.3 
36.3 
277.2 



30,067.8 

8,040.7 

9,379.8 
11,072.7 
11,752.3 
13,270.2 
14,529.7 
15,284.6 
15,961.9 
18,769.0 
19,728.0 

24,442.4 7/ 

1,536.1 
1,553.8 
1,563.6 

1,543.8 
1,569.8 
1,583.3 

1,607.4 
1,623.4 
1,649.8 

1,657.5 
2,154.2 
1,680.2 



167,356.7 



28,967.4 
7,874.9 
9,049.1 
10,269.7 
11,184.5 
12,657.8 
13,844.6 
14,579.2 
15,225.9 
18,071.5 
18,885.8 

19,928.0 

1,499.8 
1,542.7 
1,533.2 

1,523.5 
1,550.3 
1,566.8 

1,574.6 
1,582.9 
1,619.0 

1,625.3 
1,624.4 
1,643.3 



160,610.4 



124.4 
600.4 
331.7 
360.8 
422.5 
402.6 
435.6 
443.8 
508.0 





Expenditures, etc. - (Continued) 


Net increase. 


Asse 


ts, end of period 


Fiscal year 




Administrative expenses 






Unexpended 
















or month 


Construc- 


Reimbursement 


Bureau of 
OASI 12/ 


Reimbursement (-) from 


(-), in 


Total 


Investments 


balance 




tion 10/ 


to general 


Federal Disability In- 


assets 






y 






fund 11/ 


surance Trust Fund 










1937-57 




^30.1 


070.3 




23,023.9 


23,028.9 


22,263.3 


7o5.o 


1958 


L . L. 


14 


•• 


138 


9 


-9.1 


-216.3 


22,812.6 


21,764.2 


1,048.4 


1959 


11.... 







173 


J 


-17.5 


-1,271.2 


21,541.4 


20,474.4 


1,067.0 


1960 


li.5 


■:•-• 




179 




-28.8 


-712.7 


20,828.7 


19,748.8 


1,079.9 


1961 


1 . .--: 






2i1 


t. 


-33.2 


71.6 


20,900.3 


19,523.5 


1,376.8 


1962 


'<■! 


45 




2l''i 


s 


-60.3 


-1,259.2 


19,641.1 


18,434.7 


1,206.5 


1963 


1.7 


43 


c. 


;7^ 


4 


-62.9 


-674.1 


18,967.1 


17,613.2 


1,353.9 


1964 


;., 


'.J 


7 


^1^ 


/^ 


-63.8 


758.8 


19,725.9 


18,304.9 


1,421.0 


1965 




■:,:' 




:;;; 




-75.1 


454.6 


20,180.5 


18,765.7 


1,414.8 


1966 


1.5 


^0 




■w' 


fi 


-240.6 


-308.2 


19,872.2 


17,908.7 


1,963.6 


1967 p 












14.0 


3,643.2 
-43.1 


23,515.5 


21,764.1 
21,293.8 


1,751.4 
1,734.0 


■••--■ (Est.) 


It'. 3 


.0 




3iJ0 


7 


-3.9 


23,027.8 


'-":.h-July 






1 


-^2 


(1 


_ 


-36.4 


19,835.8 


17,886.9 


1,948.9 






/, 




7 


fi 


- 


1,064.8 


20,900.6 


19,254.1 


1,646.4 




.1 

.1 


I 


n 


21 

15 


1 

1 
1 


-13.9 


-146.7 

-506.3 

321.1 

.8 

-562.4 


20,753.9 
20,247.6 
20,568.7 
20,569.5 
20,007.1 


19,107.0 

18,529.7 
18,941.2 
18,788.8 

18,052.5 


1,646.9 




1,717.9 




1,627.4 




1,730.7 


:"^o7- January 


1,954.6 


February 


-.1 







if 




- 


1,007.6 


21,014.7 


19,205.5 


1,809.3 


March 


.1 




'^ 


•" 


'' 


- 


166.9 
924.4 


21,181.6 
22,106.0 


19,114-5 
19,411.3 


2,067.1 


April 

May 

June p 


2,694.7 








1-' 


n 


_ 


772.1 


22,878.2 


21,280.6 


1,597.5 


.1 










-605.4 


637.3 
23,515.5 


23,515.5 

23,515.5 


21,764.1 

21,764.1 


1,751.4 






V Ql 


1,751.4 


1937 to date P 9/ 


1 '■'" 















Source: See Table 1. 



y 



ludes transactions under the predecessor Old-Age Reserve Account, 
Total includes: $15.4 million transferred from general fund for 
administrative and other costs of benefits payable to survivors of 
certain World War II veterans (60 Stat. 979 and 6/i Stat. 512); $33.8 
million (1937-57), and $1.6 million (1V58), paid from the Railroad 
Retirement Account; beginning November 1951, small amounts in the 
nature of recoveries from expenditures incidental to the operations; 
beginning 1958, interest payments from Federal Disability Insurance 
Trust Fund, and sale of waste paper; and in 1967 $78.0 million paid 
for military service credits. 

Includes unappropriated receipts from January 1962 to June 1965. 
To cover employees of States and their political subdivisions, under 
the Social Security Act Amendments of 1950 (4-2 U.S.C. 418). 
See Table 12. 

^ Includes $78.0 million for payment for military service credits, $90.0 
million from proposed increases and $.3 million from other receipts. 

7/ Includes $3,663.1 for proposed increases and $.9 million for vocational 
rehabilitation services. 



3/ Includes $73.0 million paid for military service credits. 

2/ Includes adjustments to monthly statement basis. 
10/ Construction and equipment of office buildings for the Bureau (Public 

Lew 170, approved July 31, 1953 (67 Stat. 254)). 
1]/ Under the Social Security Act, as amended (42 U.S.C. 401 (g) (l)), for 
administration of Titles II and VIII of that act and related parts of 
the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432). See also 
footnote 12. 
12/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurance 
are paid directly from the trust fund beginning 1947, under provisions 
of annual appropriation acts until passage of the Social Security Act 
Amendments of 1956 (42 U.S.C. 401 (g) (l)); previously these expenses 
were included in reimbursements to the general fund. Beginning 
July 1966 payments of salaries and expenses for the Social Security 
Administration are charged directly to each trust fund, 

^ Less than $50,000. 

p Preliminary 



16 



TRUST AND OTHER TRANSACTIONS. 



Treasury Bulletin 



Table 9.- Federal Disability Insurance Trust Fund 













(In m 


illions of dollars) 
















Receipts 


Expenditures other than investments 


or de-' 
l-h In 


Assets, end of period 


Fiscal year 
or month 


Total 


Appro- 
priations 

1/ 


Depos- 
its by 

States 


Interest 
and pro- 
fits on 
invest- 


Total 
2/ 


Benefit 


Payments 
to 

Railroad 
Retirement 
Accounts A 


Administrative: 
Reimbursement to 


Total 


■a-rits 




FOASI 
Trust 
Fund 5,/ 


General 
fund 


Un- 
expended 
balance 

1/ 


iy57 


l,0ul.5 t-'' 
1,0^3. "i 

i,i.';5.3 
i,:'io.8 

1,2^0.5 
1,616.2 
2,332.0 7/ 
2,406.8 8/ 

155.2 7/ 

242.2 

163.9 

101.7 
176.6 
166.1 

110.4 
252.5 
204.2 

259.0 
272.7 

227.5 

12,991.5 


333.3 

862.9 

836.9 

928.9 

953.3 

944.5 

993.8 

1,056.9 

1,082.0 

1,U2.3 

2,066.2 

2,133.0 

138.0 
205.8 
144.0 

100.0 
147.0 
131.9 
109.6 
221.0 
191.6 
256.0 
231.0 
190.2 

11,501.0 


3.9 
63.5 
58.1 
58.1 
68.7 
77.3 
81.9 
86.3 
93.2 
114.4 
183.2 

168.0 

.7 
32.1 
19.1 

.1 
26.3 
12.9 

10.6 

37." 
15.1 

888.7 


1.4 
16.1 
33.7 
47.6 
61.5 
70.0 
69.6 
67.7 
65.2 
59.5 
66.3 

80.7 

.5 
4.3 

.8 

1.6 
2l!l 

4.6 
1.0 

3.0 

558.7 


1.3 

180.8 

361.1 

561.0 

746.3 

1,088.5 

1,259.2 

1,340.5 

1,497.8 

1,936.8 

1,996.5 

2,389.22/ 

156.9 
159.9 
160.3 

161.4 
163.4 

151.1 

165.3 
164.0 
168.8 

168.4 
205.4 
170.8 

10,969.9 


168.4 

339.2 

528.3 

704.0 

1,011.4 

1,170.7 

1,251.2 

1,392.2 

1,721.1 

1,860.8 

1,965.0 

143.4 
151.0 
151.9 
151.8 
152.7 
154.1 

157.4 
155.1 
15°. 7 

15°. 1 
160.8 
158.7 

10,147.3 


5.1 
11.0 
19.6 
19.1 
23.6 
25.0 
30.6 

21.0 

30.6 
134.1 


9.4 
18.0 
29.5 
34.1 
62.5 
65.3 
66.4 
78.2 
184.5 
"3.1 

8.0 
8.6 
7.5 
9.0 

-3.6 
7.0 

3.4 

8.1 
12.8 
10.1 

641.0 


1.3 
3.0 
3.9 
3.1 
3.1 
3.7 
3.6 
3.8 
3.8 
4.7 
5.4 
IV. ; 

.4 

.4 
.4 

.5 

.5 
.4 
.4 

39.3 


337.3 

761.7 

567.6 

500.6 

337.2 

3.3 

-114.0 

-129.7 

-257.3 

-320.5 

335.5 

17.6 

-1.7 
32.3 
3.7 
-59.8 
13.2 
15.0 

-55.0 
87.7 
35.4 
90.6 
67.3 
56.7 

2,021.6 


337.3 
1,099.0 
1,666.6 
2,167.2 
2,504.4 
2,507.7 
2,393.7 
2,264.0 
2,006.7 
1,636.2 
2,021.6 

2,029.3 

1,684.5 
1,766.8 
1,770.5 
1,710.7 
1,723.9 
1,738.9 

1,683.9 
1,771.6 
1,807.0 

1,897.6 
1,965.0 
2,021.6 

2,021.6 


325.4 
1,054.5 
1,606.9 
2,100.9 
2,385.6 
2,406.1 
2,277.2 
2,138.5 
1,875.6 
1,462.6 
1,332.6 
1,860.8 
1,499.6 
1,580.6 
1,592.7 

1,553.5 
1,547.4 
1,566.6 

1,515.9 
1,572.0 
1,603.0 

1,640.2 
1,765.2 
1,832.6 

1,832.6 


11.9 

44.5 

59.7 

66.4 

118.8 

101.5 

116.5 

125.5 

131.1 

223.5 

189.0 

169.1 

184.9 
136.2 
177.8 

157.2 
176.5 
172.3 

168.0 
199.6 
204.0 

257.4 
199.7 
189.0 

189.0 


1958 

1959 

I960 

1961 

1962 

1963 

196i 

1965 

1966 

1967p 

196S (Est.) 

1966-July 

Au^ 

Sept 

Oct 

Nov 

Dec 

1967- Jan 

Feb 

Mar 

Apr 

May 

1957 to date p 



rce: See Table 1. 
Includes unappropriated receipts from January 1962 to June 1965. 
To cover employees of States and their political subdivisions under the 
Social Security Act (42 U.S.C. 418). 

Includes payments for Vocational Rehabilitation Services beginning 
May 1966. 
See Table 12. 

For appropriate share of administrative expenses, including interest, 
paid from the trust fund during the preceding fiscal year as determined 
by the Secretary of Health, Education, and Welfare (42 U.S.C. 401 (g) 
(1)). Beginning July 1966 monthly reimbursements are paid to the 



Social Security Administration to cover salaries and expenses instead 

the semi-annual reimbiu'sement to FOASI . 
6/ Includes $26.8 million paid from Railroad Retirement Accounts. 
7/ Includes $16 million for payment for military service credits. 
8/ Includes $16 million for payment for military service credits, $9 mill 

for proposed increase in tax income and $.1 million from other receipt 
9/ Includes $277 million for proposed increases, $14-5 million for 

vocational rehabilitation and $5.5 million for construction and 

equipment of buildings. 
p Preliminary. 



Table 10. - Federal Hospital Insurance Trust Fund 

I If. millions of dollars) 



Fiscal year 
or month 



Federal 
payments 



Interest 
and pro- 
fits on 



Expenditures othe 



;nefits 
a^^ients 



Admini 
tratlv 
expens 



Assets, end of period 



expended 

balance 



1966 

1967p 

1963 (Est.). 



-July. 
Aug.. 
Sept. 



67- Jan .... 
Feb 

Mar. . . . 

Apr. . . . 
May.... 
June p. 



1966 to date p. 



915.7 
3,088.7 2/' 
3,736.2 i/ 



251.1 2 ' 
164.2 



155.8 
320.3 
273.7 

330.5 
380.6 
600.6 

4,004.4 



2,482.7 

3,063.0 



138.0 
202.0 
144.0 

100.0 
147.0 
126.6 
155.0 
293.0 
262.4 
329.0 
326.0 
259.8 

3,344.7 



337.9 2/ 
283.6 i/ 



46.8 
206.0 



2,596.7 2,507.8 
2,876.4 6/ 2,6?i.O 



64.5 
8Q.0 

°3.5 



26.8 
12.9 



27.0 
10.6 



54.1 
21.5 



337.9 



252. 



52. 



111. 
169. 



217.1 
250.4 
306. 4 
266.8 
320.5 
301.3 

2,661.2 



104.3 
163.2 



210.0 
243.2 

260.2 
310.5 



2,507.8 



7.2 
6.7 



10.0 
8.4 



153.5 



851.2 
492.0 



164. 9 
139.4 



-94.2 
-50.1 
-61.5 

-61.3 
69.8 
-32.7 

63.7 
60.2 
299.3 

1,343.2 



851.2 
1,343.2 



1,016.1 
1,155.5 
1,150.0 

1,055.8 

1,005.6 

9U.2 

882.9 
952.7 
920.0 

983.7 
1,044.0 
1,343.2 



785.8 
1,298.2 



1,113.1 
1,152.3 

1,044.7 
967.0 
911.7 

876.1 
926.9 
796.9 

849.1 

987.6 

1,298.2 



65.4 
45.0 



26.9 
42.4 
-2.3 

11.0 
38.6 
32.5 

6.8 
25.8 

123.1 



1,343.2 1,298.2 



.source : See Table 1. 

1/ Includes nominal amounts of other receipts. 

2/ Includes receipts from Railroad retirement account - net settlement 

of $16.3 million. 
1/ Represents payment for military service credits of $11 million and 

payment for transitional coverage for the uninsured for $326.9 million. 



^ Includes $46 million for receipts from Railroad retirement accounts 

and $13 million for proposed increases. 
^ Represents payments for military service credits of $11 million and 

payment of $272.6 million for transitional coverage for the uninsure 
6/ Includes $156.4 million for proposed 
» Less than $50,000. p Preliminary. 



August 1967 



17 



.TRUST AND OTHER TRANSACTIONS 



Table 11. - Federal Supplementary Medical Insurance Trust Fund 



In millions of dollars) 



Total 1/ 



Interest 
and pro - 
fits on 
invest- 



Expenditures other tha 



Admin is 
trative 
e>Tense 



Net 

increase 
or de- 
crease 

(-), in 
assets 



Assets, end of period 



Un- 
expended 
balances 



1967p 

1968 (Est.) 

1966- July.. 
Aug.. . 
Sept.. 

Oct... 
Nov. . . 
Dec . . . 

1967- Jan... 
Feb... 
Mar. . . 

Apr . . . 
May. . . 

June p 



l,329.i 2 



117.1 
176.3 



50. i 

59 .'7 
47.9 
53.5 
56.6 



55.2 

47.4 
55.8 



365.8 
64.6 

119.6 



1,294.9 y 



12.3 
20.1 



102.8 
114.6 
109.7 



48. 
68. 
75. 
96. 

93. i 
102. 



9.1 
10.7 

28.0 

14.6 
9.4 
8.6 

9.0 
12.5 



34.5 
41.1 
30.4 



3'.9.6 
32.1 
71.1 

-47.1 
-65.2 



145.3 
148.0 
127.1 

466.7 
498.8 
570.0 

522,9 
457.7 
485.4 



44.3 
73-4 
117.7 



131.5 
118.9 
478.1 
495.3 
557.4 

520.9 
150. 

478.8 



-3.2 

15.5 



3.3 
16.4 
8.3 

-11.4 
3.5 
12.6 



Source: See Table 1. 

1/ Includes nominal amounts of other 

2/ Includes $48.0 million for propose 



Includes $43.5 million for proposed in 

and administrative expenses. 

Less than 150,000. p Preliminary. 



in benefit payments 



Table 12. - Railroad Retir§ment Accounts 

(In millions of dollars) 



eipts 



Interest 
and pro- 
fits on 
invest- 
ments 



From FOASI 
and Federal 
Disability 



Trust Fund 
2/ 



From 
Unemploy- 



Trust 
Fund 2/ 



Expenditures other than 



Total 
4/ 



efit 
payments 



Trust 
Fund 2/ 



Adminis- 
trative 



Net 

increase 
or de- 
crease 
(-), in 
assets 



Un- 
expended 
balance 

6/ 



1936-57 

1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967p 

1968 (Est.). 

1966- July.. 
Aug 

Sept. . 
Oct... 
Nov. . . 
Dec 

1967- Jan... 

Feb 

Kiar 

Kay... 
Jun.- p 



1936 to 
date p 



1,403.4 
1,050.7 
1,080.7 
1,127.8 
1,192.3 
1,341.9 7/ 
1,411.3 7/ 
1,603.5 7/ 
1,613.1 2/ 

13.0 
120.3 

89.8 

13.0 
137.2 7/ 

91.5 

19.0 
126.7 



8,452.7 
574.9 
525.2 
606.9 
570.7 
564.3 
571.5 
593.5 
635.5 
683.5 
790.3 
812.0 

12.6 
111.8 

63.7 

10.4 
112.5 

67.0 

15.5 
118.1 
71.5 

10.5 



120.3 
108.6 
110.0 
110.9 
107.4 
105.2 
130.1 
U3.1 
150.0 
162.8 

172.5 



124.4 
600.4 
336.9 
371.8 
442.1 
421.8 
459.3 
468.8 
538.7 
498.0 



32.2 

37.2 
8.9 
47.0 
90.1 
92.5 
99.5 
90.0 



777. 
1,136. 
1,124. 
1,134. 
1,111. 
1,138. 
1,185. 
1,246. 
1,315. 
1,510. 



5, ''57. 8 
719 . 5 

916.4 
981.8 
1,023.9 
1,064.0 
1,092.5 
1,116.4 
1,193.6 
1,257.3 
.912/ 1,312-5 

100.5 
101.1 
100. Q 
100.8 
100.7 
100.7 



183.7 
132.3 
101.5 
37.7 
35.2 
58.2 
40.9 



9.0 
9.9 
9.2 



101.3 I 

120.4 8/ 
102.2 
107.5 
105.0 
101.6 

112.7 
113.3 
110.6 
115.6 
113.5 
lll.'i 



107.0 
107.0 
109.2 
109.5 

109.''. 
110.^ 



4.6 
5.3 



1.1 
1.0 
1.4 



3,701.7 
-34.6 
-19.3 
267.4 
-73.4 
-53.9 
16.3 
53.7 
156.9 
165.3 
293.2 

102.3 



-12.4 
-94.5 
32.2 

-10.1 

-93.7 
13.4 
-11.7 
-100.0 
558.1 
100.4 



3,701.7 
3,667.1 
3,647.8 
3,915.3 
3,841.9 
3,787.9 
3,805.3 
3,859.0 
4,015.9 
4,181.2 
4,474.4 

4,548.4 

4,092.9 
4,092.8 
4,080.3 
3,985.9 
4,018.0 
4,007.9 

3,914.2 
3,927.6 
3,916.0 
3,815.9 
4,374.0 
4,474.4 



3,642.1 
3,609.0 
3,573.6 
3,837.8 
3,759.5 
3,697.0 
3,697.5 
3,766.4 
3,915.7 
4,069.6 
4,356.7 
4,445.0 

3,985.3 
3,983.6 
3,960.9 
3,879.0 
3,905.3 
3,862.7 

3,796.0 
3,787.5 
3,805.0 
3,701.4 
4,257.9 
4,356.7 



59.7 
58.2 
74.2 
77.5 
82.4 
91.0 
107.9 
92.6 
100.2 
111.6 
117.7 

103.4 

107.6 
109.2 
119.4 
106.9 
112.7 
145.2 

118.3 
140.2 
111.0 
114.6 
116.2 
117.7 



Source: See Table 1. 

1/ See "Administrative Budget Receipts and Expenditures," Table 1. Includes i./ 
the Government's contribution for creditable military service (45 U.S.C. 6/ 
228c-l (n)) and unappropriated transfers of tax receipts. 2^ 

Payments are made -between the Railroad Retirement Account and Federal 
uld-Age and Survivors and Federal Disability insurance trust funds so 8/ 
as to place those funds in the position in which they would have been 
if railroad employment after 1936 had been included in social security 9/ 
coverage (45 U.S.C. 228e (k)). See Tables 8 and 9. 

2^' See Table 13. Receipts include repayment and interest. 10/ 

4/ Includes $33.8 million (1936-57), $1.6 million (1958), and $26.8 

million (i960) paid to Federal Old-Age and Survivors and Disability 11/ 
insurance trust funds. p 



Paid from the trust fund beginning 1950 (63 Stat. 297). 

Includes unappropriated receipts. 

Includes payment for military service credits fiscal 1965 $13.8 million, 

1966 $16.6 million, and 1967 $17.2 million. 

Includes $16.3 million for payment to Federal hospital insurance trust 

fund. 

Includes $17.8 million for payments for military service credits and 

$22,8 million for proposed increase. 

Includes $46.0 million for payment to Federal hospital insurance trust 

fund end $100.5 million for proposed increase. 

Includes adjustments to monthly statement basis. 

Preliminary. 



18 



TRUST AND OTHER TRANSACTIONS 



Treasury Bulletin , 



Table 13. - Unemployment Trust Fund 



Fiscal year 
or month 



State 
accounts 

1/ 



Depos 

by 

State 



Employment Security 
Administration 
Account 2/ 



Advanc 
from 



Federal 
Un- 
employ- 
ment 
Account 

V 



Federal 
Extended 
Compen- 
sation 
Account 

V 



3d unemployment in 



Railroad Unemployment 
Insurance Account G/ 



Deposits 

by 

Railroad 
Retire- 
ment 
Board 



Railroad 

tire- 
ment 
Accounts 



Advances from- 



General 
fund 



Adminis- 
tration 
fund 2/ 



Deposits 

by 

Railroad 
Retire- 
ment 
Board 



itures oth 
stments 



Employment 
security pro 



Stat.:- 

1/ 



With- 
drawalE 
by 
States 



2/ 



Employ- 
ment 
Security 



tration 
count 



1936-57... 

1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 p.... 

1968 (Esf. 

1966-July. 

Aug.. 
Sept. 

Oct.. 
Nov. . 
Dec. . 
1967- Jan.. 
Feb.. 
Mar. . 

Apr. . 
May.. 
Ju..e 

1936 to dat 

Pis/- 



27,362.8 ld/23 
1,855 
1,997 
2,703 

3,803.3 11/ 
3,985./; 
i,260.7 
i,288.j 
4,132.2 
/„126.2 
4,071.6 

4,234.6 



500. 
1,700. 
2,167. 
2,398. 
2,728. 
3,008.' 
3,042. 
3,051. 
3,067. 
2,916., 



33.5 
2.6 



3U.4 11 

452.6 

945.4 

846.6 

614.9 

561.0 

596.8 



51.' 

34.9 

-31.9 



498.1 
332.9 



151.7 
524.1 
238.2 

195.7 
564.8 
66.3 

157.1 
394.0 
190.3 



138.8 

760.3 

13.2 

90.6 

463.0 

21.6 

70.3 
311.2 
24.5 



75.2 
502.3 



90.4 
102.0 
153.0 
152.7 
147.1 
149.8 
144.1 
142.8 
139.1 
136.6 

135.0 



29.2 
.3 



.5 
12.9 
19.5 



183.7 
132.3 
101.5 
37.7 
35.2 
58.2 
40.9 



13.0 
7.0 



7.9 

12.0 
'-1.5 



4.3 
3.1 



,703.1 
230.9 
186.9 
183. 1 
204.5 
172.6 
191.1 
212.6 
255.3 
308.7 
383.7 

461.3 



12.7 
14.5 
139.9 



16.0 
17.6 
140.2 



18,304.9 10/17,007.9 



3,148.0 
3,053.9 
2,736.4 



4,733.7 U/ 3,552.0 



3,906.4 
3,815.5 
3,706.6 
3,130.0 
2,687.0 
2,753.8 

2,534.1 
162.6 
193.3 

131.1 

137.3 
192.0 
228.1 

289.7 
277.3 
335.0 

251.4 
245.6 
259.9 



2,926.4 

2,796. 

2,366.3 



5,037.4 51,976.1 



2,818.8 
2,810.2 
2,703.3 
2,389.6 
1,974.0 
2,001.2 
1,764.1 

110.1 
145.8 
106.7 

93.5 
144.9 
161.5 

231.5 
218.2 

256.0 

197.3 
190.4 
145.5 



375.0 
467.6 
336.4 
412.7 
399.4 
476.6 
539.7 
557.1 

46.7 
40.7 
40.2 

37.3 
37.6 
35.1 
46.0 
44.8 
39.9 

42.8 
47.7 



43,346.5 3,007.4 







Expenditures o 


ther than 


investment 


s - (Continued) 








Asset 

of pe 


3 , end 






Employment s 


ecurity program - (Continued) 




Railroad unemployment 


insuran 


,e 


-iod 




Employment Security 


idminis- 


Federal 


Extended 




Railroad Unemployment 


Adminis- 








Fiscal year 


tration Account - (Continued) 


Compensation Account ^ 


Insurance Account y 




tration 
fund 


increase, 








or month 


Payments to 














Repayment of 






general fund 


Salaries 

and 

expenses 


Temporary 
extended 
compen- 
sation 


Repay- 
ment of 
advances 
from 


Reim- 
bursement 
to State 


Benefit 
pay- 
ments 


Tempo- 
l-ary 
extended 
benefit 


advance 


s to- 


1' 


decrease 
(-), in 
assets 


Tjt.^l 


Invr-st- 


Unex- 




Reimburse- 


Inter- 
est on 


Railroad 
Retire- 
ment 


General 


Admin- 
istra- 


pended 
balance 






advances 

13/ 




payments 


fund 


1/ 




payments 


Accounts 


































per.^ec. 










1936-57.... 


- 


- 


- 


_ 


_ 


_ 


1,189.9 


. 








9,057.9 


9,057.9 


8,975.7 


32.3 




- 


- 


- 


- 


- 


- 


221.6 


- 


- 


- 


- 


-1,292.5 


7,765.4 


7,720.6 


44.8 


1960 

1961 

1962 

1963 


- 


- 


- 


- 


- 


- 


247.7 


- 


- 


- 


9.3 


-1,056.5 


6,716.2 15/ 


6,709.4 


6.7 


- 


- 


- 


- 


- 


- 


275.0 


- 


86.1 




9.1 


-•".1 


6,683.0 


6,668.5 


14.5 


5.1 


3.0 


7.7 


431.2 


- 


6.1 


251.7 


10.0 


32.2 




9.7 


-930.4 


5,752.6 


5,716.5 


36.01^ 


5.1 


3.5 


10.0 


303.9 


- 


37.8 


201.6 


9.3 


37.2 


2.5 


9.1 


79.0 


5,831.6 


5,788.7 


42.9 




3.4 


11.6 


-15.0 


1^06.3 


2.4 


166.7 


.1 


8.9 


9.9 


8.8 


445.2 


u,276.8 


6,245.1 


31.6 




54.6 


3.0 


12.8 


-2.3 


325.4 


« 


133.9 


. 


47.0 


7.1 


9.1 


581.3 


6,358.5 


6,818.4 


40.2 






2.4 


13.4 


* 


» 


- 


115.2 


- 


'"•0.1 


_ 


7.9 


1,002.2 


7,3t0.8 


7,785.1 


75.6 






2.4 


16.9 


« 


- 


- 


88.1 


'» 




_ 


6.7 


1,439.2 


9,300.0 


9,253.2 


46.8 




14.4 


3.8 


18.2 


« 


- 


- 


71.0 


- 


99.5 


_ 


6.1 


1,317.7 


10,617.7 


10,523.4 


94.3 


1968 CEst.) 


9.6 


3.8 


13.3 


- 


- 


- 


34.0 


- 


-M.O 


- 


7.1 


1,700.5 


12,591.6 


12,515.1 


76.5 


1966-July.. 


-.6 




l.'J 


-.4 


- 


- 




. 


_ 


_ 




16.7 


9,316.6 


9,176.8 


139.9 


Aug. . . 


.1 






- 


- 


- 




- 


- 


- 




l31 6 


0,948 2 


9,888.0 


60.2 




.1 




1.'' 


- 


- 


- 


>:■.':■ 


- 


•■5.4 


- 




-05 8 


9,852 4 


9,812.3 


40.2 


Oct... 










- 


- 


.:..i:i 


- 


- 


- 








9,792.9 


73.4 












- 


- 


6.4 


- 


- 


- 






4 


10,134.3 


64.1 




.3 




1 .' 


-■ 


- 


- 




- 


'■■-■:'-) 


- 






5 


10,165.7 


42.8 


1967- Jan... 


2.3 


♦ 


. .7 




- 


- 


7.0 


- 


- 


- 






^ c 


9,964.3 


150.2 


Feb. .. 


2.3 


3.6 


1 . ■: 




- 


_ 


f-' . '• 


_ 


- 


_ 








10,286.4 


115.5 


Mar... 


5.7 


* 


" 




- 


- 


7.0 


- 




- 








10,101.4 


11.9 


Apr. . . 


3.6 


• 


2.2 




- 


- 


5.2 


- 


- 


. 








9,901.8 


137.2 












" 


" 


5.1 




- 


- 






^ 


10,623.6 


63.8 


June p. 


















25.4 


- 








10,523.4 


94. ^ 


1936 to 
date p 1^/. 


226.5 


21.6 


90.6 


767.8 


7':11.7 


46.3 


2,962.4 


19.4 


493.6 


19.4 


75.3 


10,610.5 


10,1.17.7 


10,523.4 


04 . 3 



See Table 1. 



(Footnotes on following 



August 1967 



19 



.TRUST AND OTHER TRANSACTIONS. 



Table 14. . National Service Life Insurance Fund 

Cin millions of- dollars) 







Expenditures other 
than investments 
(benefits, refunds, 
and dividends) 


Net increase, 
or decrease 
(-), in 


Assets, end of period 


Fiscal year 
or month 


Total 


Premiums and 
other receipts 


Transfers from 
genera] fund 


Interest and 
profits on 
investments 


Total 


Invest- 
ments 


Unexpended 
balance 


1941-;? 

1958 


63i - 3 

obO.7 

696.3 
709.7 

i2.V 
43.5 

a.'i 

40.6 
36.6 

48.8 
45.1 

46.0 
36.4 
44.2 

20,950.2 


4QO 

?Jl 

41 

43 
39 
35 

45 

44 
33 
42 
36 

12,293 



1 






1 

8 
4 

8 
9 


14 
12 
10 

6 
7 
5 
5 

1 
4,770 


4 






8 
6 

3 
2 
3 

S 


2,103.6 
166.2 
168.8 
172.4 
175.4 
174.2 
175.0 
176.5 
182.1 
190.8 
200.5 

203.3 
.1 

l'.3 

.-.1 
1.1 
2.8 
1.2 
187.7 

3,385.5 


8,748.6 
543.6 
562.1 
581.6 
707.5 
626.4 
747.1 
585.3 
545.0 
484.7 
732.3 

522.3 

48.0 
54.9 
53.7 

49.1 
54.3 

47.6 

73.1 
35.5 
139.9 
44.1 

42.1 
39.6 

14,864.1 


5,533.5 
96.2 
72.3 
61.0 
-39.8 
37.5 
-89.3 
75.5 
117.2 
208.2 
-36.0 

187.4 

-5.3 

-11.4 
-11.8 

-4.5 
-14.2 
-11.0 

-24.3 
-40.4 
-93.9 
-7.7 
2.2 
186.2 

6,086.1 


5,583.5 
5,679.7 
5,751.9 
5,813.0 
5,773.1 
5,810.7 
5,721.3 
5,796.8 
5,913.9 
6,122.1 
6,086.1 

6,418.0 

6,116.8 
6,105.4 
6,093.6 

6,089.1 

6,075.0 
6,064.0 

6,039.7 
5,999.3 
5,905.4 
5,897.7 
5,899.9 
6,086.1 

6,086.1 


5,5-70.3 
5,665.3 
5,741.5 
5,803.1 
5,759. i 
5,803.5 
5,713.9 
5,783.0 
5,908.3 
6,112.7 
6,078.8 

6,413.7 

6,110.9 
6,101.8 
6,036.2 

6,082.2 
6,068.6 
6,052.1 

6,031.5 
5,948.7 
5,895.2 
5,896.7 
5,893.0 
6,078.8 

6,078.3 


13.2 
14.4 
10.4 
9.9 
13.8 
7.1 
7.4 
13.3 
5.2 
9.4 
7.3 

4.3 


1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 p 

1968 (Est.) 


August 

September. , . . 

October 

November 

December 

1967- January 

February 

March 

May 

June p 

1941 to date p 


6.9 
6.3 
11.9 

8.2 
50.6 
10.3 
1.1 
6.9 
7.3 

7.3 


Source: See Table 1 
Note: This fund vbe 


establishe 


d by the N 


ational 


Service 


Life In 


surance 


Act of 1940 (38 U 
» Less than $50,000 


S.C. 720). 

p Preliminary. 







Footnotes to Table 13 



1/ state unemployment funds; used for benefit payments mainly. Beginnine 
August 1961, withdrawals by States have been reduced by reimbursements 
to State accounts from Federal Extended Compensation /Accounts. 

2/ Established by the Employment Security Act of I960, approved September 
13, 1960 1^2 U.S.C. 1101 (a)), into which are deposited tax receipts 
transferred in accordance with the act and from which are paid the 
administrative expenses of the employment security program and 
reimbursement for tax refunds. Receipts consist of appropriated and 
unappropriated transfers of tax collections. 

2/ Net of repayments. 

4/ Amounts represent excess of collections from Federal unemployment tax 
over expenditures for benefits and administrative expenses which excess 
was appropriated from the general fund to this account. (Includes 
amounts appropriated to the State Unemployment Accounts). Beginning 
1961, such excess is transferred between book accounts within the 
Unemployment Trust Fund. 

V Established hy the act approved March 24, 1961 (42 U.S.C. 1105 (a)), 
which provides for a temporary program of extended unemployment 
compensation payments. 

6/ For payment of benefits and refunds (4-5 U.S.C. 3oO) . Figures exclude 
interim advance of $15 million from the Treasury and subsequent repay- 
ment, both in 1940. 

Contributions under the Railroad Unemployment Insurance Act of 193S, 
as amended (45 U.S.C. 360 (a)), in excess of the amount specified for 
administrative expenses. Through 1957, also includes transfers from 
the administration fund of excess amounts over the specified balance 
(45 U.S.C. 361 (d)). 



3,/ Temporary advances are made when the balance in the Railroad Unemploy- 
ment Insurance Account is insufficient to meet payments of benefits 
and refunds due or to become due. Whenever the balance is sufficient 
to pay such benefits and refund, repayments are made, plus interest 
at 3% per annum, pursuant to an act approved May 19, 1959 (45 U.S.C. 
360 (d)). 
2/ Consists of a specified proportion of contributions deposited in the 
fund to be available for administrative expenses. The Railroad Un- 
employment Insurance Administration Fund was established in the Un- 
employment Trust Fund pursuant to the amending act of September 6, 
1958; before that the administration fund was a separate trust fund 
(45 U.S.C. 361). 

ig/ Total includes $107.2 million transferred from State accounts to the 
Railroad Unemployment Insurance Account in connection with its 
establishment (45 U.S.C. 363). 

11/ Beginning fiscal 1961 refunds of taxes (principal only) are reported 
as deductions from receipts. Interest paid on refunds of taxes is 
included under expenditures. See footnote 14. 

12/ Includes adjustments to monthly statement basis. 

13/ Includes interest on refunds of taxes. 

14/ Includes interest. 

15/ Includes an adjustment of $7.2 million pursuant to the act of September 
6, 1958 (45 U.S.C. 361 (a)). 

16/ Includes unappropriated receipts beginning September I960. 
* Less than $50,000. 
p Preliminary. 



20 



Treasury Bulletin 



.TRUST AND OTHER TRANSACTIONS 



Table 15. - Investments of Specified Trust Accounts in Public Debt Securities, Agency Securities, 
and Participation Certificates by Issues, as of June 30, 1967 







(In millions 


of dollars; 














Federal Old-Age 


Federal 


Federal 


Federal 

Supplementary 

Medical 


Railroad 


Unemployment 


Description of securities 


Issue 


and Survivors 


Disability 


Hospital 


Retirement 


Trust Fund 




date 


Insurance 


Insurance 


Insurance 




Accounts 








Trust Fund 


Trust Fund 


Trust Fund 


Insurance 

Trust Fund 






Public issues: 
















Notes: 
















5% - 11/15/70-A 


2/15/66 


- 


- 


- 


_ 


32.0 


5.8 


4-3A - 2/15/72-A 


2/15/67 


- 


- 


_ 


_ 


Ic.O 


7.0 


i-3/i - 5/15/72-B 


5/15/67 


- 


- 


- 


_ 


20.0 


192.0 


5-1/ i. - 5/15/71-A 


8/15/66 


- 


- 


- 


- 


- 


68.2 


Bonds: 
















2-1/2^ - 6/15/64-69 


4/15/43 


22.2 


- 


_ 


_ 


_ 


1.0 


2-1/2 - 12/15/64-69 


9/15/43 


33.0 


_ 


. 


. 


_ 




2-1/2 - 3/15/65-70 


2/1/44 




- 


_ 


_ 


_ 


15.0 


2-1/2 - 9/15/67-72 


10/20/41 


« 


_ 


_ 


. 


_ 




3-3/4 - 8/15/68 


4/1B/62 


7.0 


5.0 


_ 


_ 


14. J 


31.5 


3-7/8 - 5/15/68 


6/23/60 


17.4 


3.8 


_ 


_ 




3.0 


3-7/8 - 11/15/68 


9/15/63 


- 


5.0 


_ 


_ 


'_ 




4 - 2/15/69 


8/15/62 


5.0 




- 


- 


51.0 


19.0 


4 - 10/1/69 


10/1/57 


57.5 


26.0 


_ 


_ 


57.0 


26.1 


4 - 2/15/70 


1/15/65 


15.0 


10.0 


_ 


_ 




119.2 


4 - 8/15/70 


6/20/63 


- 


14.0 


_ 


- 


35.0 


3.0 


4 - 8/15/71 


3/1/62 


100.0 


_ 


- 


_ 


8.5 


10.0 


3-7/8 - 11/15/71 


Vl5/62 


- 


- 


- 


_ 


46.5 


12.0 


4 - 2/15/72 


11/15/62 


_ 


2.0 


- 


- 


21.0 


31.5 


4 - 8/15/72 


9/15/62 


- 


2.0 


- 


- 


33.5 


46.5 


4 - 8/15/73 


9/15/63 


38.0 


16.5 


_ 


_ 




48.0 


4-1/8 - 11/15/73 


7/22/64 


- 




- 


_ 


_ 


9.0 


4-1/8 - 2/15/74 


1/15/65 


61.9 


10.0 


_ 


_ 


_ 


127.0 


4-1/4 - 5/15/74 


5/15/64 


6.4 


- 


- 


- 


_ 


2.6 


3-7/8 - 11/15/74 


12/2/57 


24.5 


5.0 


- 


- 


156.7 


16.0 


4-1/4 - 5/15/75-85 


4/5/60 


73.0 


20.8 


_ 


- 


47.3 


32.7 


3-1/4 - 6/15/78-83 


"V53 


60.2 


- 


- 


- 




53.1 


4 - 2/15/80 


1 ^^'59 


153.1 


30.2 


_ 


- 


125.6 


106.0 


3-1/2 - 11/15/80 


1 -'60 


449.4 


_ 


_ 


_ 


6.0 


53.0 


3-1/4 - 5/15/85 


' ^'58 


25.7 


- 


_ 


. 


6.9 


14.0 


4-1/4 - 8/15/87-92 


1 - 'n^ 


33.0 


SO. 8 


- 


- 


14.0 


104.0 


4 - 2/15/88-93 


'63 


- 


_ 


_ 


. 


6.0 


17.5 


4-1/8 - 5/15/89-94 


, l-'63 


91.3 


68.4 


- 


- 


13.1 


174.3 


3-1/2 - 2/15/90 


2/14/58 


556.2 


10.5 


_ 


_ 


38.9 


112.2 


3 - 2/15/95 


2/15/55 


70.2 




_ 


_ 


3.2 


_ 


3-1/2 - 11/15/98 


10/3/60 


552.0 


5.0 


- 


_ 


31.6 


43.2 


2-3/4 (Investment Series B) 4/1/75-80 


4/1/51 


l,0ii4.9 
3,522.0 




- 


_ 


- 




Total public issues 


315.0 


- 


- 








■ , ■ . ■.. 


Soecial issues: 














Certificates: 
















a - 6/30/68 


6/30/67 


_ 




_ 


_ 


_ 


7,734.6 


4-3/4 - 6/30/68 


6/30/67 


940.4 


- 


15.7 


31.9 


82.2 


- 


"otes: 
















4-7/8* - 6/30/69 to 71 


6/30/66 


- 


_ 


_ 


_ 


341.6 


_ 


4-1/8 - 6/30/69 and 70 


From 6/30/64 


- 


_ 


_ 


_ 




_ 


4-7/8 - 6/30/68 to 71 


6/30/66 


2,596.2 


_ 


_ 


_ 


_ 


_ 


4-7/8 - 6/30/71 


6/30/66 


_ 


7...9 


_ 


. 


_ 


_ 


4-7/8 - 6/30/70 and 71 


6/30/66 


- 




622.4 


_ 


_ 


_ 


4-3/4 - 6/30/69 to 74 


6/30/67 


- 


- 


_ 


446.9 


_ 


_ 


4-3/4 - 6/30/69 and 74 


6/30/67 


_ 


- 


_ 




601.2 


- 


4-3/4 - 6/30/74 


6/30/67 


2,720.3 


309.2 


- 


- 


- 


- 


4-3/4 - 6/30/69 and 72 to 74 


6/30/67 


- 


- 


553.6 


- 


- 


- 


ionds: 
















2-5/856 - 6/30/70 to 75 


From 6/30/59 


6,023.5 


. 


_ 


_ 


- 


- 


4 - 6/30/69 to 78 


10/5/63 


- 


- 


- 


_ 


1,66d.1 


- 


3-3/4 - 6/30/74 to 77 


From 6/30/61 


- 


343.7 


- 


_ 


_ 


_ 


2-5/8 - 6/30/74and 75 


From 6/30/59 


_ 


JOa.'J 


_ 


- 


_ 


_ 


4-1/8 - 6/30/70 to 80 


From 6/30/64 


- 


_ 


_ 


_ 


614.1 


- 


3-3/4 - 6/30/75 and 76 


6/30/61 


1,240.1 


_ 


_ 


_ 


_ 


- 


3-7/8 - 6/30/77 and 78 


6/30/63 


1,738.5 


- 


_ 


_ 


- 


- 


3-7/8 - 6/30/78 


6/30/63 


- 


:;3.,;. 


- 


- 


- 


- 


4-1/8 - 6/30/79 and 80 


From 6/30/64 


- 


279.2 


_ 


_ 


_ 


- 


4-1/8 - 6/30/78 to 80 


From 6/30/64 


2,581.6 


- 


- 


- 


- 


- 


Tjtal special issues 


17,;?40.4 


1,'7'.- 




,"-. ^' 





















Aucfust 1967 



21 



.TRUST AND OTHER TRANSACTIONS 



Table 15. - Investments of Specified Trust Accounts in Public Debt Securities, Agency Securities, 
and Participation Certificates by Issues, as of June 30, 1967 - (Continued) 



(In millions of dollars) 



Description of securities 


Issue 
date 


Federal Old-Age 
and Survivors 
Insurance 
Trust Fund 


Federal 
Disability- 
Insurance 
Trust Fund 


Federal 
Hospital 
Insurance 
Trust Fund 


Federal 
Supplementary 

Medical 
Insurance 
Trust Fund 


Railroad 

Retirement 

Accounts 


Unemployment 

Trust Fund 


Atrencv issues: 
Bonds: 

5-7/8% FHLB (Series E 1967) 8/28/67 
6-1/4 FHLB (Series F 1967) 9/27/67 
6 FHLB (Series G 1967) 10/26/67 
5-3/8 FHLB 4/25/68 

Debentures: 

U.i.5% FICB 1/2/68 
6.20 FICB 7/3/67 
5.15 FICB 11/1/67 
5-7/8 FLB 12/20/67 
5-7/8 FNMA (Series SM 1968 B) 9/10/68 
5-1/8 FMMA (Series SM 1969 C) 7/10/69 
6 FNMA (Series SM 1969) 12/12/69 
4.65 FNMA (Series SM 1969) 5/12/69 


8/25/66 
9/26/66 
10/25/66 
1/25/67 

4/3/67 
10/3/66 
2/1/67 
12/20/66 
8/23/66 
2/10/67 
12/12/66 
5/10/67 

1/19/67 
1/19/67 
1/19/67 

4/5/67 
6/29/67 
6/29/67 

4/5/67 


18.0 
30.0 

26.0 
25.0 

10.0 
17.0 
15.0 
10.0 
25.0 
41.5 


18.0 
30.0 

26.0 

10.0 
10.0 


15.0 

41.^ 


- 


18.0 
30.0 
26.0 
25.0 

10.0 

15.0 

10.0 

41.5 


18.0 
30.0 
26.0 
25.0 

50.0 
10.0 
17.0 
15.0 
10.0 
25.0 
41.5 
50.0 


Total agency issues 


:i-.-- 


'-■-. . 




_ 


r-.-s 


317.5 
















Particication certificates; 

5.20% 1/19/72 
5.20 1/19/77 
5.20 1/19/82 
4.75 4/7/69 
5-1/4 9/29/69 
5-1/2 6/29/72 
5.10 4/6/87 


100.0 

53.0 
5C.0 


50.0 


50.0 


- 


- 


100.0 

25.0 

50.0 


Total participation certificates 


-no n 


S.1.0 


',!-:.(-! 




50.0 


175.0 


Net unamortised premium and discount 


.15. o 


-.''.'"1 




. 


- 


-7.7 


Accrued interest purchased 


_ 


_ 


_ 


_ 


- 


- 


Total investments 


21,764.1 


1,33;.- 


1,2"?. 2 


479.0 


4,356.7 


JO, 523.4 

















Source: Bureau of Accoun 
» Less than $50,000. 



22 



.CONSOLIDATED CASH TRANSACTIONS. 



Treasury Bulletin 



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 1968 in Special Analysis A). 
Shown also is the amount 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 intragovernmental 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 and also net borrowing by Government agencies 
and Government-sponsored enterprises through sales of their 
own securities. It excludes changes in the public debt which 
do not represent direct cash borrowing from the public. The 
net effect of all these transactions with the public is 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 1967 



.CONSOLIDATED CASH TRANSACTIONS. 



23 



Table 1. -Summary of Federal Government Cash Transactions with the Public 



III. 



Fiscal yea 
or month 



Federal receipts from the public 



Administra- 
tive budget 
receipts 
(net) 



mental and 
other 
noncash 
transactions 
(See Table 2) 



Total 
Federal 
receipts 
from the 
public 



Less: Federal payments to the publi 



Administra- 
tive budget 
expenditures 
(net) 



Trust 
expendi- 
tures (net) 

1/ 



Intragovern- 
mental and 
other 
noncash 
transactions 
(See Table 2) 



Total 
Federal 
payments 
to the 
public 



Equals : 

Excess of cash 
receipts from, 
or payments 
to (-), the 
public 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967p 

1968 (Est.) 

1966-July 

August. . . 
September. 
October. . 
November. 
December. 

i^67-Januflry. . 

February. 
March. . . . 

April 

May 

June p . . 

July 



,3i.-' 

,583 



,409 
,376 
,i59 
,072 
,727 
,794 
,937 



,197 
,475 
,811 
,394 
,606 

,386 
,757 
,395 



,632 

,142 



2,337 

4,973 

2,681 
2,069 
3,717 
3,033 

2,612 
4,696 
3,543 
3,'! 50 
5,367 
5,254 
3,02& 



-2,811 
-3,025 
-3,027 
-4,001 
-3,834 
-4,326 
-4,259 
-4,420 
-5,100 
-6,893 
-b,973 



-407 
-408 
-357 
-413 
-'"/94 

-74? 
-144 
-447 



81,892 

81,660 

95,078 

97,242 

101,865 

109,739 

115,530 

119,699 

134,480 

153,533 

163,106 



8,103 
11,764 
14,748 

7,523 
10,698 
12,845 

11,251 
12,308 
14,490 
17,070 
11,295 
21,438 



3,938 



71,369 
80,342 
76,539 
81,515 
87,787 
92,642 
97,684 
96,507 
106,978 
125,732 

135,033 



10,263 
11,042 
11,883 
10,977 
10,386 
9,512 

9,987 
9,459 
11,699 

9,464 
10,915 
10,145 

11,502 



15,325 
19,521 
21,212 
22,793 
25,141 
26,545 
28,885 
29,637 
34,864 
34,493 
44,507 

3,642 
2,627 
2,655 
2,684 
2,617 
3,403 

2,673 
2,406 
2,677 
2,789 
2,897 
3,426 

3,660 



-3,222 
-5,111 
-3,423 
-4,766 
-5,266 
-5,436 
-6,237 
-3,749 
-4,026 
-4,929 
-7,137 



-978 
1,537 
-1,388 

-1,056 
651 
-370 

-1,019 

-13 

-1,208 

-1,063 

634 

-655 

-624 



83,472 
94,752 
94,328 
99 , 542 
107,662 
113,751 
120,332 
122,395 
137,817 
155,296 

172,403 



12,927 
15,206 
13,150 
12,604 
13,654 
12,545 

11,641 
11,852 
13,167 
11,189 
14,445 
12,916 

14,538 



-1,580 
-13,092 
750 
-2,300 
-5,797 
-4,012 
-4,802 
-2,696 
-3,337 
-1,763 
-4,297 

-4,824 
-3,442 
1,598 
-5,080 
-2,955 
299 

-390 

456 

1,323 

5,881 

-3,150 

8,522 

-5,600 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967p 

196R (Est.) 

1966^ July 

August . . . 
September 
October. . 
November. 
December. 

1967-January. . 
February. 
March. . . . 
April. . . . 
May 

July 



Plus: Cash borrowing from the public, or repayment (-) 



Change in securities held by the public 



Public 
debt in 
crease. 



(-) 



5,816 
8,363 
1,625 
2,640 
9,230 
7,659 
5,853 
5,561 
2,633 
6,3U 
R,n7n 



-627 
5,141 



-92 

-450 
756 
1,321 
-3,145 
3,087 
-4,667 

4,416 



Net sales and 
redemptions 
of Govern- 
ment agency 
securities in 
market 2/ 



400 
1,293 
1,746 
-537 
1,780 
1,022 
1,880 
1,372 
4,077 
428 



297 
470 
22 
130 
-55 
767 

76 
-241 
-462 



Net in- 
vestments 
in public 
debt and 
agency 



Total 
securities 
held by 
the public 
increase. 



secvirities 2/ de 



-597 

1,130 

-925 

-855 

-493 

-2,069 

-2,775 

-2,356 

-3,562 

-10,851 

-S^23 



333 

-3,103 
-142 



-166 
477 
-1,649 
-1,087 
329 
-4,213 
-1,343 

465 



5,619 
10,785 
2,U6 
1,248 
10,517 
6,612 
4,958 
4,578 
3,148 
-4,109 
4,400 



2,507 

207 

2,969 

1,479 

508 

102 
-1,135 

-222 
-3,379 

-841 
-6,306 

5,155 



sh 



debt 
trans- 
actions 
(See Table 2) 



200 

-2 , 160 

-597 

-536 

-923 

-1,033 

-1,099 

-250 

-530 

314 



-65 
-130 
-118 

-34 
-134 

267 

249 
-59 
127 



110 
155 



Total 
cash 

borrowing 
from the 
public, 
or repay- 
ment (-) 



5,820 
8,626 
1,848 
712 
9,594 
5,579 
3,859 
4,328 
2,618 
-3,795 
3 , "''0 



-63 

2,377 

8° 

2,935 

1,345 

776 

351 

-1,194 

-96 

-3,302 

-816 

-6,197 



iorage 



55 
58 
45 
69 
117 
649 
837 



Treasurer's 
account 



4,150 
-4,399 

2,654 
-1,311 

3,736 

1,686 
-1,030 

1,575 

-203 

-4,648 



-4,613 
-850 

1,666 
-2,194 
-1,61? 

1,213 

158 
-760 
1,411 
2,064 
-3,259 
2,133 

-208 



Cash held 
outside 
the 
Treasury 



140 
-23 



118 
-74 
206 
174 



-253 
-13=j 



Total 
changes 
in the 



4,299 
-4,422 

2,651 
-1,533 

3,854 

1,611 
-874 

1,749 

-71 

-4,721 



100 


1,766 


119 


-2,075 


84 


-1,534 


-60 


1,153 


134 


25 


89 


-671 


101 


1,310 


595 


2,C-59 


649 


-3,908 


275 


2,408 



Source: Actual figures are based on the monthly statement of receipts 
and 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 1968 Budget document 
released January 2/i, 1967. 

1/ Includes purchases of participation certificates by trust accounts. 

2/ See "Trust and Other Transactions", Table 7, for content. 



i/ See "Trust and Other Transactions", Table 6, for content. 

4/ 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. 
J/ Includes $8 million of revolving fund receipts from exercise of 

monetary authority. 
p Preliminary 



24 



.CONSOLIDATED CASH TRANSACTIONS 



Treasury Bulletin 



Table 2. - Intragovernmental and Other Noncash Transactions 



lysa 

1959 

I960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 p 

1968 (Est.)... 

1966 July 

August. . . 
September. 
October... 
November. . 
December. . 

1967- January . . . 
February. . 

March 

April 

May 

June p . . . 

July 



Intragovernmental transactions excluded from both receipts and payme 



Interest 
on trust 
fund 



Civ 



service retirement 1/ 



l,3i.' 
1,315 
1,327 

l,/.2 3 
1,-167 
1 , "03 
1 , 75Q 
l,8tizi 
2,239 



Payroll 

deductio 
for em- 
ployees 



660 
7U 
7U 
838 
Si5 
9U 



1,181 
1,131 



Employers' 
share 



Federal 
payments 



101 
9i 
101 



579. 



845 
9U 
973 
l,0i2 
1,089 
1,181 
1,131 



101 
91 
9i 



9i 
101 



Konca 

debt 

trans 



37 

75 

54 

11. 

102 

88 

83 

102 

124 

U3 



133 

103 

105 

792 4/ 

561 

898 

559 

357 

1,311 
1,319 



117 
67 



-200 
135 



399 
154 



3,945 
3,776 
4,281 
4,190 
4,303 
4,4'.l 
0,056 



330 
286 
336 
716 



364 

233 

303 

1,982 

424 



45 

69 
117 



receipts 
adjust- 



2,811 
3,025 
3,027 
4,001 
3,834 
4,326 
4,259 
4,420 
5 , 100 
6,393 
6,573 



407 
408 
357 
413 



314 
361 



Fiscal year 
or month 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 p 

1968 (Est.)... 

1966- July 

August. . . . 
September. 
October. . . 
November. . 
December. , 

1967- January... 
February. . 

March 

April 

May 

June p . . , 

July 



Intra- 
govern- 
mental 
trans- 
actions 
(See 



Noncash debt transacti 



2,751 
2,980 
2,975 
3,945 
3,776 
4,281 
4 , 190 
4,303 
4,451 
c,056 

6,454 

41b 
330 
330 

28t, 



233 
303 

1,982 



Interest 
increment 
on savings 
and retire- 
ment plan 
bonds 
(net) -2.' 



430 
496 



(net) 6/ 



funds 
bonds 



-131 
418 



144 
225 

41 



-39 
-33 



Inter- 
Ainer- 
ican 
Devel- 
opment 
Bank 7,, 



slating to payments 



Inter- 
national 
Development 
Association 



Inter- 
national 
Monetary 
Fund 7/ 



Other 8,/ 



171 

255 



debt 
transactions 

relating to 



y Beginning with fiscal 1958 excludes District of Columbia 

2/ Includes mainly, general fund advances to trust funds (net), dividends 
and interest paid to the Treasury by trust enterprise funds, adminis- 
trative expenses of the Federal Old-Age and Survivors, Federal 
Disability, and Federal Hospital insurance trust funds, the Federal 
contribution to the Civil Service Retirement Fund and the Federal 
^ payments for military service credits. 

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. 

U Beginning fiscal 1961 includes temporary extended unemployment compen- 
sation payments. ^ 

V Accrued interest on the bonds, i.e. the difference between the purchase 



536 


6 


923 


18 


0?3 


186 


Ocu 


38 


250 


110 



Checks 

outstanding 

and 

certain 

other 

accounts 10/ 



576 
-105 
-281 
279 
548 
-64 
910 
-913 



Total 
payments 
adjust- 
ments 



6U 


-146 


noO 


-1,337 


589 


351 


481 


255 


649 


-471 


37 


-115 


650 


-66 



396 
-154 



5,111 
3,423 
4,766 
5,266 
5,436 
6,237 
3,749 
4,026 
4,929 

7,137 



-1,537 

1,388 

1,056 

-651 

370 

1,019 
13 
1 , 206 
1,063 
-634 



6/ 



9/ 
10/ 



current redemption value le: 
3 at time of issuanci 



s interest paid on bonds 
less interest paid at time 



price and the 
redeemed. 
Discount on sec 
redeemed. 

Treated as noncash expenditures at the time of issuance of the securities 
and as cash expenditures at the time of their redemption; net issuance, 
or 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. 
11/ Not shown separately in the Budget document. 
" Less than $500,000. p Preliminary. 



August 1967 



25 



.CONSOLIDATED CASH TRANSACTIONS. 



Table 3. - Federal Receipts from and Payments to the Public 
Seasonally Adjusted and Unadjusted 

(In millions of dollars) 



Calendar quarter 



layments to the Public 



ss of Receipts 
Payments (-) 



195t' - is I. 
..mi 
3rd 
4tli 

1959 - 1st 

Znd 
3rd 

ith 

1960 - 1st 

2nd 
3ra 
4th 

1961 - 1st 

2nd 
3rd 
4th 

1962 - 1st 

Znd 
3rd 

4th 

1963 - 1st 

2nd 
3rd 

4th 

1964 - 1st 

2nd 
3rd 

4t:i 

1965 - 1st 

2nd 
3rd 
4th 

1966 - 1st 

2nd 
3rd 

41,h 

1967 - 1st 



20,509 
20,088 
20,299 
20,444 

20,222 
20,923 
23,273 
23,474 

23,667 
24,701 
25,034 
24,665 

23,227 
24,614 
24,783 
25,298 

24,971 
26,652 
27,434 
27,262 

27,069 
27,911 
23,699 
29,113 

29,251 
28,582 1/ 
28,401 
28,847 

29,724 
32,646 1/ 
30,646 
30,685 

33.684 
39,649 1/ 
36,339 
36,332 

38,839 

41,433 



23,618 
23,219 
13,274 
16,618 

22,628 
24,141 
21,364 
19,4aO 

25,776 
28,519 
23,352 
20,640 

24,758 
28,491 
23,381 
21,289 

26,214 
30,981 
26,029 
22,982 

23,178 
3: ',5 51 
27,304 
24, 5i3 

30,321 
33,362 
27,035 
24,312 

30,669 
37,683 
29,175 
25,849 

3, ',295 
46,160 
34,6U 
31,066 

38,04Q 
49,303 



20,652 
21,296 
23,441 
23,412 

24,024 
23,962 
24,005 
23,514 

23,233 
23,635 
23,682 
24,105 

24,802 
27,025 
26,117 
26,628 

27,540 
27,498 
27,795 
28,954 

28,209 
28,847 
30,127 
29,881 

30,597 
29,815 
30,039 
29,828 

30,165 
32,395 
32,104 
33,098 

)' ,')•-■'■ 

40,041 
37,820 

39,126 
33,321 



19,626 
21,840 
23,734 
23,750 

22,764 
24, 503 
24,375 
23,917 

21,958 
24,079 
24,156 

24,540 

23,402 
27,444 
26,715 
27,173 

25,923 
27,851 
28,502 
29,599 

26,519 
29,130 
30,952 
30,619 

28,706 
30,054 
30,913 
30,599 

28,270 
32,614 
33,085 
33,951 

34,583 
36,199 
41,282 
38,833 

36,661 

38,551 



-143 
-1,208 
-3,142 
-2,968 

-3,802 

-3,039 

-732 

-40 

434 
1,066 
1,352 

560 

-1,575 
-2,411 
-1,329 
-1,330 

-2,569 
-846 
-361 

-1,692 

-1,140 

-936 

-1,428 



-1,346 
-1,233 
-1,638 



-441 

251 

-1,458 

-2,a3 

-3,224 
3,666 

-3,702 
-1,018 



3,992 
1,379 
-5,460 
-7,132 

-136 

-362 

-3,011 

-4,497 

3,818 

4,440 

-8O4 

-3,900 

1,356 
1,047 
-3,334 
-5,884 

291 
3,130 
-2,473 
-6,617 

1,657 
3,420 
-3,648 
-6,077 

1,615 
3,309 
-3,877 
-6,287 

2,398 
5,069 
-3,910 
-8,101 

-1,288 
9,962 
-6,668 
-7,736 

1,389 
11,252 



Source : Adjusted data from Bureau of the Budget; unadjusted data from 

Treasury Department . 
Note: Because of administrative and legislative changes in tax payment 

schedules, the seasonally adjusted figures have been erratic in recent 

years. For this reason a study leading toward revision of the seasonal 

adjustment factors is underway. 



Includes accelerated corporate tax payments for 1964, 1965, and 1966. 
Also, in 1966 includes initiation of graduated withholding of personal 
income taxes and adjustment for the change in the schedule for 
depositing withheld and OASI taxes. 
Preliminary. 



26 



.ACCOUNT OF THE TREASURER OF THE UNITED STATES 



Treasury Bulletin 



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 cases the transaction involves merely the transfer of 
money from a customer's account to the tax and loan account in 



the same bank. On occasions, to the extent' authorized by the ' 
Treasury, banks are permitted to deposit in these accounts 
proceeds from subscriptions to public debt securities entered 
for their own account as well as for the account of their i 
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 
econorny. 

A detailed description of the Treasury's depositary system * 
may be found in the Annual Report of the Secretary of the I 
Treasury for 1955, pages 275-28;i. 



Table 1. - Status of the Account of the Treasurer of the United States 



End of 
fiscal year 



asiiry operating balanc 



Available 
funds in 
Federal 
Reserve 

Banks 



Tax and loan 
accounts in 



Gold 
balanc 



Total 

operating 

balance 



Oliver 
balance , 
coinage 
metal, 
coin, and 
currency 



Unclassified 
collections, 



In Federal 
Reserve 
Banks in 



In other 
depositari 



Total 
assets 



Liabilities 
1/ 



Balance in 
account of 
Treasurer 
of United 
States 



1958. 
1959. 
I960. 
1961. 
1962. 
1963. 
196i. 
1965. 
1966. 
1967. 



1965-December . 



1.966- July 

August .... 

September . 

October. . . 

November. . 

December . . 
1967-January. . . 

February. . 

March 

April 

May 

June 



Julv 



535 
50^ 
408 
612 



766 
,311 



,232 
,6U 

760 

Sty 
299 

416 
813 



574 
,311 



1,340 



6,458 

5,453 

8,815 
10,324 

9,180 
10,689 
10,050 

4,272 

4,577 

5,147 
4,014 
6,415 

4,181 
3,041 
4,0Qf3 



3,46Q 
4,272 

4,552 



101 
106 
109 
121 
120 
120 
108 
102 
112 



0,030 
4,380 
7,068 
5,969 
9,548 
11,251 
10,238 
11,469 
10,917 
5,695 

5,392 



259 
306 
253 
179 
U7 
136 
U5 
534 
775 
1,159 

558 



49 
63 
58 
64 
70 

74 y 

58 
55 
93 
62 

129 



102 


6,481 


772 


112 


5,740 


751 


112 


7,287 


782 


113 


5,103 


83Q 


155 


3,465 


845 


118 


4,629 


879 


111 


4,612 


910 


111 


3,795 


942 


113 


5,370 


992 


118 


6,894 


1,043 


115 


4,159 


1,036 


112 


5,695 


1,159 



287 
273 
337 
222 
303 
342 
23i 
233 
370 
577 



230 
176 
273 
225 
260 
275 
274 
322 
237 
534 
191 
577 



365 
429 
375 
335 
441 
313 
360 
320 
252 
266 



209 
208 
239 
207 
187 
183 
275 
257 
191 
383 
167 
266 



114 



i,007 



9,990 
5,451 
8,092 
6,769 
10,509 
12,116 
11,036 
12,610 
12,407 
7,759 

6,582 

7,794 
6,944 
8,610 
6,417 
4,799 
6,011 
6,170 
5,410 
6,821 
8,884 
5,626 
7,759 

7,551 



240 
100 2/ 



9,749 

5,350 2/ 

8,005 

6,694 
10,430 
12,116 
11,036 
12,610 
12,407 

7,759 

6,582 

7,794 
6,9U 

8,610 
0,417 
4,799 
6,011 
6,170 
5,410 
6,821 
8,884 
5,626 
7,759 

7,551 



Source: Daily Treasury statement. 

1/ Includes reserves and other deposits of the Board of Trustees, Postal 
Savings System, and \incollected items, exchanges, etc., through 
December 1962. Effective January 1963 balances of the Postal Savings 
System f\inds were transferred to deposit fund accounts and became 
demand 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." 
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). 

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 1967 



.ACCOUNT OF THE TREASURER OF THE UNITED STATES. 



27 



Table 2. - Analysis of Changes in Tax and Loan Account Balances 



of dollars) 



Fiscal year 
or month 



itles 1/ 



Savings 
bonds 
and 

savings 
notes 2/ 



plan 
bonds 2/ 



Tax 

antici- 
pation 
securitl 



Withheld, 
excise, 
and cor- 



Income (by 

special 

arrange 



poratlon 4/ment) ^ 



Total 
credits 



With- 
drawals 



End of 
period 



During period 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 

1966- July 

August. . . 
September 
October. . 
November. 
December. 

1967- January . . 
February. 

March 

April 

May 

June 

July 



2,82/; 



2,787 
2,725 
2,699 
2,760 
2,635 
2,70i 
2,783 



213 
227 

280 
238 
2i2 
221 
230 



2,922 
7,531 
7,784 

7,613 
5,898 
2,963 



13,513 
13,16i 
7,920 
1,788 
3,774 
3,830 
2,0U 

1,627 
1,173 



27,881 
29,190 
33,059 
34,511 
37,519 
41,267 
43,580 
42,475 
48,478 
70,524 

4,470 

5^461 
4,153 
5,197 
'',35" 
4,7r,i 



7,903 
5,919 
6,053 
9,142 
6,521 
6,835 
9,921 
12,598 
U,522 
9,257 



,030 
101 



55,044 
58,520 

57,496 
55,842 
56,438 
57,595 
58,277 
60,050 
74,699 
91,382 



4,840 
8,704 
10,161 
7,^65 
6,583 
7,617 

5,142 
6,164 
10,545 
8,141 
6,410 
9,210 

9,581 



50,908 
62,994 
54,782 
56,847 
53,076 
56,085 
59,421 
58,540 
75,338 
97,160 



9,743 
9,838 
7,759 
10,099 
7,723 
6,56? 

5,551 
6,552 
9,414 
7,156 
8,356 



8,218 

6,458 
5,453 
8,815 
10,324 
9,180 
10,689 
10,050 
4,272 

5,147 
4,014 
6,415 
4,181 
3,041 
4,096 

3,687 
3,299 
4,430 
5,415 
3,469 
4,272 

4,552 



8,055 
6,458 
7,653 
8,889 
10,324 
10,257 
10,872 
11,274 
9,979 

9,979 
5,905 
6,415 
5,310 
3,668 
4,724 

4,202 
4,462 
6,268 
5,415 
6,658 
4,7U 
5,897 



1,078 

912 

1,390 

1,161 

1,531 

2,535 

1,577 

1,844 

4^7 

710 



5,147 
2,286 
1,513 
1,674 
1,356 
710 

1,733 
2,923 
1,8U 
1,462 
3,469 
895 

2,360 



3,246 
3,638 
4,103 
4,151 
4,457 
5,325 
4,747 
5,431 
4,324 
3,775 

6,917 
4,049 
3,477 
3,978 
2,604 
2,464 

3,138 
3,711 
3,796 
3,443 
5,270 
2,450 

4,691 



Source: Office of Fiscal Assistant Secretary; figures are on basis of 
telegraphic reports. 

1/ Special depositaries are permitted to make payment in the form of a 
deposit credit for the purchase price of U.S. Government securities 
purchased by them for their own account, or for the account of their 
customers who enter subscriptions through them, when this method of 
payment is permitted under the terms of the circulars Inviting sub- 
scriptions to the issues. 

2/ United States savings notes first offered for sale as of May 1, 1967. 

2/ Retirement plan bonds first offered for sale as of January 1, 1963. 

^ Taxes eligible for credit consist of those deposited by taxpayers in 
the depositary banks, as follows: Withheld income tax beginning 



March 1948; taxes on employers and employees under the Federal Insur- 
ance Contributions Act beginning January 1950, and under the Railroad 
Retirement Tax Act beginning July 1951; a number of excise taxes 
beginning July 1953; and estimated corporation income taxes beginning 
April 1967. 

Under a special procedure begun in March 1951, authorization was given 
during certain periods for income tax payments, or a portion of them, 
made by checks of $10,000 or more drawn on a special depositary bank, 
to be credited to the tax and loan account in that bank. This procedur 
was discontinued in April 1967. 
Less than $500,000. 



28 



Treasury 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 



Net cash trans 



other than borrowing 



Deposits and withdrawals ( bud 
trust, and other accounts) 



Cash 

depos 



Excess of deposits, 
or withdrawals ( - ) 



2/ 



Plus: Net cash borrow- 
ing, or repayment of 
borrowing (-) 



Equals : 
account 
crease. 



balance, in- 
or decrease (-) 



1958 

195^1 

1960 

1961 

1962 

1963 

1064 

1965 

1966 

1967 

1966- July 

August. . . . 
September . 
October. . . 
November . . 
December. . 

1967- January. . . 
February. . 

March 

April 

May 

June 

July 



i2 , 09/. 
31,612 
9i,862 
96,897 
105,911 

121,562 
125,i64 
Ul,095 
163,036 



9,02^ 
13,207 
15,110 

8,i55 
11,791 
13,288 

11,750 
U,531 
U,873 
17,133 
13,909 
19,961 

10,232 



85, HT- 
93,73t' 
93,817 
97,77i 
112,188 
118,477 
124,047 
126,395 
142,191 
164,591 



12,557 
17,447 
13,055 
13,944 
14,973 
12,061 

12,916 
13,174 
14,829 
11,235 
16,177 
12,174 

13,873 



12,124 
1,044 

-877 
-6,278 
-^,023 
-2,485 

-931 
-1,095 
-1,555 

-3,528 
-4,240 

2,055 
-5,490 
-3,182 

1,227 

-1,166 

1,357 

45 

5,849 

-2,268 
7,786 

-3,641 



309 

-510 

1,259 

1,039 

-1,491 

-584 

-1,075 

654 

-844 
570 

-420 
310 
344 

-793 

1,075 
-231 
753 
-422 
-122 
433 



-1 



1,V'% 

:'.,/,'.!•■ 
1,353 
-1,337 
-5,018 
-2,984 
-3,975 
-1,515 
-2,171 
-901 



-4,372 

-3,670 

1,635 

-5,179 

-2,838 

434 

-92 

1,126 

798 

5,426 

-2,390 

8,220 

-5,621 



5,2 53 
8,0i;' 
1,301 
76 
8,755 
4,670 
2,895 
3,089 
1,968 
-3,747 

-241 
2,820 
31 
2,985 
1,220 
778 

250 

-1,886 

613 

-3,363 

-869 

-6,086 

5,413 



4,159 
-4,i"9 

2,654 
-1,311 

3,736 

1,080 
-1,080 

1,575 

-203 

-4,648 



-4,913 

-850 

1,666 

-2,194 

-1,618 
1,213 

158 
-760 
1,411 
2,064 
-3,259 
2,133 

-208 



Source: Actual figures are based on the dally Treasury statement. Figure 
in the first four columns of this table may differ somewhat from those 
originally published in the daily Treasury statement because of sub- 
sequent reclassification of certain transactions. 



1/ Beginning with the February 1963 Bulletin, figures have been revised, 
as shown in daily Treasury statements beginning January 2, 1963, to 
exclude transactions of clearing accounts. 

2/ Previously included under cash withdrawals. See footnote 1. 



Table 4. - Gold Assets and Liabilities of the Treasury 

fir; millioRs of i.-llars^ 



End of calendar year or month 



Gold 



ssets 1/ 



Liabilities: 
Gold certific 
etc. 2/ 



Balance of gold in 
Treasurer's account 



1958. 
1959. 
1960. 
1961. 
1962. 
1963. 
1964. 
1965. 
1966. 



1966-July 

August. . . 
September 
October. . 
November. 
December. 

1967-January. . 
February. 
March. . . . 

April 

May 

June 



July. 



20,534.3 

19,455.9 2 

17,766.6 

16,889.0 

15,978.1 

15,513.0 

15,387.7 

13,733.2 4/' 

13,159.1 

13,331.5 
13,259.0 
13,258.3 
13,256.6 
13,159.1 
13,159.1 

13,157.4 
13,106.5 
13,107.4 
13,108.9 

13,109.1 
13,100.7 
13,107.8 



20,138.2 
19,350.5 
17,665.6 
16,771.2 
15,852.1 
15,392.9 
15,231.0 
13,626.4 
13,041.3 

13,229.8 
13,147.0 
13,146.6 
13,143.1 
13,034.4 
13,041.3 

13,046.1 
12,995.7 
12,994.6 
12,990.5 
12,994.0 
l.V,'-'a7.7 

l.',C'03.5 



10^.4 
101.0 
117.8 
126.0 
120.1 
156.7 
106.8 
117.8 

101.7 
112.0 
111.7 
113.5 
124.7 
117.8 

111.3 
110.8 
112.8 
118.4 
115.1 
112.0 

114. < 



Source: Circulation Statement of United States Money through 1965; daily 
Treasury statement thereafter. 

1/ Treasury gold stock; does not include gold in Exchange Stabilization 
Fund. See "International Financial Statistics," Table 1. 

2/ Comprises (1) gold certificates held by the public and in Federal 

Reserve Banks; (2) gold certificates credits in (a) the gold certifi- 
cate fund - Board of Governors, Federal Reserve System, and (b) the 
redemption fund - Federal Reserve notes; (3) reserve of $156.0 million 
against United States notes and through June 30, 1961, Treasury notes 



of 1890; and (4) gold deposited by and held for the International 

Monetary Ftind. 

The United States payment of the $343.8 million increase in its gold 

subscription to the International Monetary Fund, authorized by the 

act approved June 17, 1959 (22 U.S.C. 286e) was made on June 23, 1959. 

The United States payment of the $258.8 million increase in its gold 

subscription to the International Monetary Fund, authorized by 

P.L. 89-31, approved June 2, 1965 (79 Stat. 119) was made on June 30, 

1965. 



fiugust 1967 



MONETARY STATISTICS 



29 



Table 1. - Money in Circulation 

rrjilllo:;:; of dollars except per capita I'if^iirt 



Knd of 
fiscal year 
or month 



no longer 



Federal 
Reserve 



National 
bank 

notes 



Silver 
oertif 
cates 



Treasury 
notes of 



rrencies preser.tly 
ing issued 1/ 



United 
States 



Federal 
Reserve 
notes V 



Total 
currenci 



J958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1965-Deceraber. 

1966-June 

July 

August. . . 
September 
October.. 
November . 
December. 

i967-January. . 
February. 
March . . . . 
April. . . . 
May 



l.?& 

lie 



2 , Q-4 
? , O'T' 
1,3^7 
1,7.-3 

532 
395 

651 



316 
318 
318 
318 
319 
321 
302 
303 
300 



30i 
307 
305 
299 
300 
302 
301 
302 
300 



26,30i 
26,992 
27,057 
27,316 
28,586 
30,27i 
32,338 
3A,?20 

:'7,3i5 

39,289 
36,973 

37,315 

37,457 
37,630 
37,501 
37,775 
38,840 
39,231 
37,962 
38,164 
38,127 
38,244 
38,907 
39,289 



.■^9,071 
29,699 
29,726 
29,943 
31,117 
32,592 
34,529 
36,058 
38,290 
40,071 
38,029 
38,290 

38,4^3 
38,593 
38,460 
38,733 
39,798 
40,183 
38,903 
39,104 
39,065 
39,180 
39,842 
40,071 



End of 
fiscal year 



standard 

silver 

dollars 



Money in 
circulation 
per capita 
(in dollars) 



1958 

1959 

i960 

1961 

1962 

1963 

1964 

1.965 

1966 

1967 

1965-December . 

1966-June 

July 

August. . . 
.3-?'ptembei 
October. . 
November. 
December. 

1967- January. . 
February. 
March. . . . 



268 
285 
305 
329 



482 
482 
482 



482 
482 
48? 
4?2 
482 



43.? 
482 



1,333 
1,929 
2,033 
2,133 
2,293 
2,466 
2,723 
3,180 
3,782 
4,160 

3,545 

3,782 

3,803 
3,835 
3,860 
3,898 
3,965 
3,998 

3,979 
3,999 
4,036 
4,069 
4,119 
4,160 



2,101 
2,215 
2,338 
2,462 
2,652 
2,878 
3,205 
3,662 
4,264 
4,641 
4,027 

4,264 
4,235 



4,330 
4,4^7 
4,430 

4,461 
4,431 
4,513 
4,551 
4,600 
4,641 



31,17." 
31,9U 
32,065 
32,405 
33,770 
35,470 
37,734 
39,720 
42,554 
44,712 7/ 

42,056 

42,554 
42,708 
42,910 
42,802 
43,113 
44,245 
44,663 

43,363 
43,585 
43,583 
43,730 
44,443 
44,712 7/' 



179.08 
180.20 
177.47 
176.45 
180.98 
187.30 
196.41 
204.14 
216. lOr 
224.56 
214.75 

216. lOr 

216. 7o 
217.57 
216.79 
218.15 
223.68 
225.59 

218.85 
219.80 
219.6c 
220.01 
223.40 
224.56 



Source: Circulation Statement of United States Money through December 19 
thereafter. Statement of United States Currency and Coin. 

1/ Excludes gold certificates, Series of 1934, which are issued only to 
Federal Reserve banks and do not appear in circulation . 

2/ Issued prior to January 30, 1934. 

1/ Issued prior to July 1, 1929. 



4/ Issued on and after July 1, 1929. 

^ Excludes money held by the Treasury and money held by or for the 

account of the Federal Reserve banks and agents. 
6/ Based on the Bureau of the Census estimated population. Beginning 

fiscal 1959 estimates include Alaska, and fiscal 1960, Hawaii. 
7/ Highest amount to date. 
" Less than $500,000 r Revised. 



30 



Treasury Bulletin j 



DEBT OUTSTANDING. 



Table 1. - Summary of Federal Securities 



(In millions of dollars) 



End of 
fiscal year 
or month 



Total outstandi 



Total 1/ 



Public 
debt 2/ 



Interest-bearing debt 



1/V 



Matured debt and debt bearing no interest 



Public debt 



Spe 



al notes to 



Inter- 
national 
Monetary 
fund 



Inter- 
national 
Development 
Association 



Inter- 
American 
Develop- 
ment Bank 



Other 



ties 2/ 
(matured) 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 

1965-December. . 

1966- July 

August. . . . 
September. 
October. . . 
November . . 
December. . 

1967-January. . . 
February . . 

March 

April 

May 

June 

July 



27b, UA 
28i,317 
286,471 
289,211 
298,6^5 
306,466 
312,526 
317,864 
320,369 
326,733 
321,359 

319,768 
324,904 
325,250 
327,387 
329,906 
329,814 

329,370 
330,136 
331,454 
328,306 
331,397 
326,733 
331,158 



276,343 
284,706 
286,331 
288,971 
298,201 
305,860 
311,713 
317,274 
319,907 
326,221 

320,904 

319,280 
324,420 
324,74s 
326,888 
329,41] 
329,319 

328,869 
329,625 
330,947 
327,801 
330,888 
326,221 
330,637 



101 
111 
140 
240 
U4 
607 
813 
590 
462 
512 



489 
i84 
502 
498 
i95 
i95 
501 
511 
507 
505 
509 
5U 



274,798 
281,944 
283,380 
285,911 
294,886 
302,559 
308,169 
313,702 
315,892 
322,798 

316,968 

315,368 
320,179 
320,515 
322,798 
325,352 
325,516 

325,4^2 
326,201 
327,517 
324,380 
327,502 
322,798 

327,653 



274,698 
281,833 
283,2a 
285,672 
294,442 
301,954 
307,357 
313,113 
315,431 
322,286 

316,515 

314,880 
319,697 
320,014 
322,301 
324,858 
325,021 

324,941 
325,691 
327,010 
323,876 
326,994 
322,286 

327,132 



101 
110 

139 

240 

444 
6O5 
812 
589 
46O 
512 



483 
501 
497 
494 
494 
501 
510 
507 
505 
508 
512 
521 



1,646 
2,873 
3,090 
3,300 
3,759 
3,907 
4,357 
4,163 
4,477 
3,935 
4,391 

4,401 
4,724 
4,735 
4,588 
4,554 
4,298 

3,929 
3,935 
3,937 
3,926 
3,895 
3,935 

3,505 



1,646 
2,873 
3,090 
3,299 
3,759 
3,906 
4,356 
4,161 
4,476 
3,935 
4,339 

4,400 
4,724 
4,734 
4,587 
4,553 
4,298 

3,929 
3,934 
3,936 
3,926 
3,894 
3,935 

3,505 



476 
445 
34° 
438 
310 
295 
292 
308 
284 
278 

202 
286 
263 



243 
252 
272 
263 
239 
284 



(j13 
1,979 
2,238 
2,496 
2,667 
2,922 
3,289 
3,167 
3,6U 
3,328 

3,470 



3,923 
3,958 
3,9f,4 
3,976 
3,669 

3,343 

3,337 
3,337 
3,337 

3,328 
3,328 

2,°47 



115 
129 
142 
138 
64 



125 
150 

150 
132 



126 
122 



430 
417 
407 
396 
484 
420 
480 
4U 
359 
323 
391 

347 

347 
346 

347 



t to 



Source: Daily Treasury statement. 

1/^ Includes certain debt not subj 

subject to limitation, see page 1. 
Includes debt incurred for advance 
agencies in exchange for which the 



statutory limltati 



2/ 



to certain wholly owned Government 
r securities were issued to the 



Treasury (see Table 6). 
2/ Held outside the Treasury. 
^' Consists of Federal Housing Administration debentures and beginning 

July 1959 D. G. Armory Board stadium bonds. 
^ For current month detail, see "Statutory Debt Limitation," Table 2. 
» Less than 4500,000. 



Table 2. - Computed Interest Charge and Computed Interest Rate on Federal Securities 

(Dollar amouTits in iDillions") 



End of 
fiscal year 
or month 



Amount 
outstanding 



Public debt 
and fuaran- 



Puhlic 
debt 



Computed annual 
interest charge 



Public debt 
and guaran- 



Public 
debt 



Computed annual interest rate 



Total 

interest 

bearing 



Public debt 



Total 
public 
debt 



Certifi- 
cates 



market- 
able 
issties 4' 



Guar- 
anteed 
securi- 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1965-December.. 

1966- July 

August . . . . 

September. 
October. . . 
November. . 
December. . 

1967-January. . . 
February . . 

March 

April 

May 

June 

July 



274,793 
281,944 
283,380 
285,911 
294,886 
302,559 
308,169 
313,702 
315,892 
322,798 

316,963 

315,368 
320,179 
320,515 
322,798 
325,352 
325,516 

325,442 
326,201 
327,517 
324,380 
327,502 
322,798 

327,653 



274, D°8 
281,833 
283,241 
285,672 
294,442 
301,954 
307,357 
313,113 
315,431 
322,286 

316,515 

314,880 
319,697 
320,014 
322,301 
324,858 
325,021 

324,941 
325,691. 
327,010 
323,876 
326,994 
322,286 

327,132 



7,248 
8,069 
9,320 
8,769 
9,534 
10,141 
10,931 
11,488 
12,533 
12,972 

11,846 

12,537 
12,991 
13, U6 
13,390 
13,647 
13,665 

13,614 
13,643 
13,550 
13,268 
13,289 
12,972 

13,241 



7,245 
8,066 
9,316 
8,761 
9,519 
10,119 
10,900 
11,467 
12,516 
12,953 
11,830 

12,520 
12,973 
13,127 

13,372 
13,629 
13,646 

13,596 
13,624 
13,531 
13,249 
13,270 
12,953 
13,222 



2.638 
2.867 
3.297 
3.072 
3.240 
3.361 
3.561 
3.678 
3.988 
4.039 
3.756 
3.996 
4.079 
4-124 
4.174 
4.222 
4.225 

4.210 

4.210 
4.163 
4.1U 
4.080 
4.039 

4.063 



2.867 
3.297 
3.072 
3.239 
3.360 
3.560 
3.678 
3.988 
4.039 
3.756 

3.996 
4.080 
4.125 
4.174 
4.222 
4.225 

4.211 
4.210 
4.163 
4.1U 
4.080 
4.039 



2.546 
2.891 
3.U9 
3.063 
3.285 
3.425 
3.659 
3.800 
4.134 
4.165 
3.890 

4.U5 
4.256 
4.317 
4.387 
4.456 
4.459 
4.442 
4-441 
4.367 
4.299 
4.243 
4.165 

4.196 



1.033 
3. 316 
3.815 
2.584 
2.926 
3.081 
3.729 
4. 064 
4.845 
4.360 

4.273 

4.889 
5.037 
5.259 
5.428 
5.542 
5.538 

5.466 
5.552 
5.090 
4-871 
4.623 
4.360 

4.452 



3.330 
2.842 
4.721 
3.073 
3.377 
3.283 



4.851 
5.250 



4.850 
5.185 
5.185 
5.185 
5.250 
5.25c 

5.250 
5-250 
5.250 
5.250 
5.250 
5.250 

5.250 



3.304 
4.058 
3.704 
3.680 
3-921 
3.854 
3.842 
4.321 
4.764 
3.933 
4.321 
4.454 
4.454 
4.476 
4.535 
4.584 

4.584 
4.721 
4.720 
4.735 
4.764 
4.764 

4.763 



2.576 
2.619 
2.639 
2.829 
3.122 
3.3U 
3.471 
3.642 
3.655 
3.686 

3.653 

3.655 
3.662 
3.662 
3.662 
3.666 
3.666 

3.667 
3.667 
3.667 
3.668 
3.681 
3.686 



2.892 
2.925 
3.219 
3.330 
3.364 
3.412 
3.462 
3.493 
3.713 
3.745 
3.530 
3.717 
3.720 
3.730 
3.736 
3.738 
3.742 

3.741 
3.743 
3.747 
3.749 
3.751 
3.745 
3.761 



2.630 
2.694 
2.772 
2.8O3 
2.891 
3.003 
3.238 
3.372 
3.693 
3.854 
3.412 
3.690 
3.758 
3.775 
3.766 
3.768 
3.765 

3.736 
3.732 
3.750 
3.735 
3.775 
3.854 

3.863 



2.622 
2.628 
2.681 
3.1U 
3.500 
3.658 
3.782 
3.660 
3.632 
3.756 
3.593 
3.673 
3.695 
3.707 
3.711 
3.724 
3.726 

3.732 
3.736 
3.743 
3.745 
3.754 
3.756 

3.765 



Footmtes at end of Table 5. 



August 1967 



DEBT OUTSTANDING 



31 



Table 3. - Interest-Bearing Public Debt 



End of 
fiscal yea 
or month 



Total 

interest 

bearing 

public 

debt 



Total 
public 



Treasury 
bonds 1/ 



Nonmarketable 



Treasury 
bonds » 
invest- 
ment 



Depos- 
itary 

bonds 



Foreign 
series 
securi- 
ties 2/ 



ties 1/ 



Othe 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1937 

1965-December . 

1966-July 

August . . . 
September 
October.'. 
November. 
December. 

1967- January. . 
February. 
March. . . . 
April. . . . 

May 

June 

July 



27;;, 698 
281,833 
2S3,2il 
285,672 
29 A, iJ>2 
301, 95i 
307,357 
313,113 
315,431 
322,286 

316,515 

3U,880 
319,697 
320, OU 
322,301 
32i,858 
325,021 

32i,9a 
325,691 
327,010 
323,876 
326,99i 
322,286 

327,132 



228,452 
237,078 
238,342 
240,629 
249,503 
257,155 
260,729 
264,463 
264,311 
266,131 
270,260 

264,184 
266,462 
266,946 
270,413 
272,308 
273,028 

273,689 
274,201 
274,948 
272,226 
271,824 
266,131 

270,924 



166,675 
178,027 
183,845 
187,148 
196,072 
203,508 
206,489 
208,695 
209,127 
210,672 
214,604 

209,108 
211,402 
211,771 
215,313 
217,239 
218,025 

218,796 
219,245 
219.914 
217,127 
216,650 
210,672 



22,406 
32,017 
33,415 
36,723 
42,036 
47,230 
50,740 
53,665 
54,929 
53,535 
60,177 

54,931 
57,936 
58,341 
62,254 
63,864 
64,684 

65,487 
65,889 
66,583 
64,069 
64,067 
58,535 



214,968 62,844 



32,920 
33,843 
17,650 
13,338 
13,547 
22,169 



1,652 

5,610 



1,652 
7,006 
7,005 
7,005 
5,919 
5,919 

5,919 
5,919 
5,919 
5,919 
5,610 
5,610 

5,611 



20,416 
27,314 
51,483 
56,257 
65,464 
52, U5 
67,284 
52,549 
50,649 
49,108 
50,227 

50,650 
45,902 
45,912 
45,565 
48,267 
48,271 

48,276 
48,361 
48,370 
48,146 
49,104 
49,108 

49,119 



90,932 
84,853 
81,297 
Rn,R30 
75,025 
81,964 
88,464 
102,481 
101,897 
97,418 
104,201 

101,874 
100,558 
100,513 
100,489 
99,189 
99,151 

99,114 
99,075 
99,042 
98,993 
97,868 
97,418 

97,394 



61,777 
59,050 
54,497 
53,481 
53,431 
53,645 
54,240 
55,768 
55,183 
55,459 
55,655 

55,075 
55,06C 
55,175 
55,100 
55,069 
55,003 

54,892 
54,956 
55,034 
55,099 
55,175 
55,459 

55,955 



51,984 
50,503 
47,544 
47,514 
47,607 
48,314 
49,299 
50,043 
50,537 
51,213 
50,324 

50,606 
50,646 
50,616 
50,679 
50,760 
50,752 

50,809 
50,903 
50,990 
51,062 
51,148 
51,213 

51,323 



9,621 
8,365 
6,783 
5,830 
4,727 
3,921 
3,546 
3,256 
2,692 



2,684 
2,676 
2,667 
2,661 
2,656 

2,651 
2,649 
2,642 
2,595 
2,593 
2,589 
2,577 



■171 
183 
170 
117 
138 
103 
103 
59 
44 
45 
49 



45 
45 

45 
45 
46 
46 
46 
45 
46 



360 
648 
392 

1,132 
817 
624 

1,144 



7^7 
6°7 
875 
7i7 
645 
593 

4?8 
403 



399 

624 

894 



75 
630 
332 
1,137 
957 
39c 



860 
860 
860 
897 
890 
890 

1,016 



25 
29 
68 
141 
137 
97 

134 



104 
104 
104 
104 
100 
96 

99 
95 
95 
97 
98 
97 

100 



4b, 246 
44,756 
44,899 
45,043 
U,939 
44,801 
46,627 
48,650 
51,120 
56,155 
46,255 

50,696 
53,235 
53,068 
51,888 
52,550 
51,993 

51,252 
51,490 
52 , 062 
51,649 
55,170 
56,155 
56,209 



Source: Daily Treasiiry statement. 

1/ Includes $50 million of Panama Canal bonds for fiscal years 1958-60. 

Consists of certificates of indebtedness, Treasiary 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 of indebted- 



2/ 



2/ 



ness; Treasury bonds beginning October 1962; and Treasury notes begin 
November 1966 issued and payable in designated foreign currencies. 
Includes Treasury bonds, Rioral Electrification Administration series 
beginning July I960; retirement plan bonds beginning January 1963; 
Treasury certificates beginning June 1963; Treasury bonds beginning 
January 196^,; and U. S. savings notes beginning May 1^67. 



Table 4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt l^ 

(In millions of dollars) 



End of 
fiscal ye 
or month 



Amount 
outstandl 



Within 
1 year 



years 



20 ye 
and o 



Average length 



1958 

1959 

I960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1965-December. . 

1966-July 

August. . . . 
September. 
October... 
November. . 
December. . 

' 7-January. . . 
February. . 

March 

April 

July 



166,675 
178,027 
183,845 
187,148 
196,072 
203,508 
206,489 
208,695 
209,127 
210,672 

214,604 

209,108 
211,402 
211,771 
215,313 
217,239 
218,025 
218,796 
219,245 
219,914 
217,127 
216,650 
210,672 

214,968 



67,782 
72,958 
70,467 
81,120 
88,442 
35,294 
31,424 
37,637 
39,136 
89,648 

93,396 

89,138 
92,238 
92,642 
96,656 
104,398 
105,218 

106,021 
101,549 
102,242 
99,670 
95,524 
S9,648 

03, ^"^7 



42,557 
58,304 
72,844 
58,400 
57,041 
58,026 
65,453 
56,198 
60,933 
71,424 
60,602 

60,932 
62,957 
62,952 
62,495 
59,459 
59,447 

59,434 
66,717 
66,722 
66,541 
70,238 
71,424 
71,433 



21,476 
17,052 
20,246 
26,435 
26,049 
37,385 
34,929 
39,169 
33,596 
24,373 
35,013 

33,592 
30,783 
30,77^ 
30,771 
28,008 
28,005 

28,002 
25,655 
25,650 
25,645 
25,641 
.;4,37S 

24,376 



27,652 
21,625 
12,630 
10,233 
9,319 
8,360 
8,355 
8,449 
8,439 
8,425 
8,445 

8,439 
8,437 
8,436 
8,435 
3,434 
8,433 

8,432 
8,431 
8,430 
8,428 
8,426 
8, '42 5 

8,423 



7,208 
8,083 
7,658 
10,960 
15,221 
14,444. 
16,323 
17,241 
17,023 
16,797 
17,148 

17,007 
16,987 
16,967 
16,957 
16,940 
16,923 

16,908 
16,803 
16,870 
16,843 
16,819 
16,797 

16,780 



5 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 

4 yrs. 

5 yrs. 
5 yrs. 
5 yrs. 
4 yrs. 

4 yrs. 

5 yrs. 

4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 

4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 
4 yrs. 

4 yrs. 



3 mos 
7 itios 

4 mos 
6 mos 

11 mos 



Source: 

1/ All 



Office of Debt Analysis in the Office of the Secretary, 
issues are classified to final maturity except partially tax-exempt 



n classified to e 
August 14, 1962, 



irllest call 
for redempti 



8 mos 

8 mos 
7 mos 

6 mos 
6 mos 
5 mos 



he last of these 
cember 15, 1962. 



32 



Treasury Bulletin^ 



DEBT OUTSTANDING. 



Table 5. - Special Public Debt Issues to United States Government Investment Accounts 

(In millions of .iollars) 



Fe.Jera 
Deposl 



Federal 
Disability 



Federal 



loan 
banks 



Federal 

Old-Age 

and 

Survivors 

Insurance 

Trust Fund 



Federal 
Savings 
and Loan 
Insurance 
Corpora- 
tion 



Federal 
employees ' 
retirement 
funds 



High- 
way 
Trust 
Fund 



Natl 



Rail- 
road 
Retire- 
ment 
Accounts 



Unemploy- 
ment 

Trust 
Fund 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

1965-December. 

1966- July 

August. . . 
Septemht 1 
October. . 
Novembfer. 
December. 

1967-January. , 
February. 
March, . . . 

April 

May 

June 

July 



,2^6 
,756 
,899 

,939 
,801 
,627 
,650 
,120 



i6,255 

50,696 
53,235 
53,068 
51,888 
52,550 
51,993 

51,252 

51,i90 
52,062 
51,6iO 

5f-,17G 



232 

560 



487 

i36 
830 
902 
1,021 
967 
891 

1,203 
543 
1,367 
1,256 
1,241 
t-33 
1,052 



673 
629 
694 
556 
500 
260 
270 
312 
57 
85 
160 



996 
1,533 
2,017 
2,29'? 
2,304 
2,165 
1,903 
1,563 
1,150 
1,376 

1,125 

1,187 
1,240 
1,222 
1,113 
1,092 
1,126 

1,075 
1,131 
1,162 
1,219 
1,358 
1,376 
1,404 



165 
165 
59 
50 
74 
372 
82 
100 
924 



446 
570 
667 
789 
866 
929 

1,170 
515 
333 
85 
140 

52 



18,610 
17,227 
16,413 
l'S200 
15,074 
14,Z.n 
14,799 
15,261 
14,403 
17,340 

13,1^8 

14,382 
15,721 
15,543 
14,896 
15,294 
15,000 

14,237 
15,348 
15,257 
15,524 
17,407 

17,34'.' 



112 
IK 
104 
138 
182 

332 
287 
223 

3 



243 
143 
138 
130 



8,o08 

10 [414 

11,382 
12,43" 
13,530 
14,577 
15,189 
15,569 

14,;^-'''' 



15,236 
15,2b5 
15,336 
15,205 
15,335 
15,324 



'60 



15,131 
15,165 
15,136 
15,04.' 
15,569 

15, o3" 



1,1U 

1,127 

1,107 

1,071 

1,028 

J, 003 

956 

933 

938 

814 



933 
928 
839 
834 



819 
814 
709 
795 
790 



822 
429 
1 
234 
436 
678 
609 
265 
238 



249 
255 
214 
25 



38 
148 
502 
484 
582 
722 



5,665 
5,742 
5,803 
5,759 
5,804 
5,714 
5,783 
5,909 
6,113 
5,744 



6,111 
6,102 
6,086 
5,982 

5,927 
5,868 

5,723 
5,598 
5,544 
5,546 
5,583 
5,744 

^' , 773 



3,531 
3,417 
3,586 
3,504 
3,316 
2,786 
2,969 
3,123 
3,277 
3,339 
.J, 8^1 

3,193 
3,163 
3,110 
2,958 
2,971 
2,886 

2,744 
2, "35 
2,753 
2,669 
3,240 
3,339 



6,671 
5,636 
5,580 
4,625 
4,657 
4,803 
4,931 
5,799 
7,075 
7,785 
0,364 



6,998 
7,615 
7,509 
7,419 
7,747 
7,735 

7,409 
7,689 
7,504 
7,249 
7,935 
7,785 
7,(:,o7 



120 
126 
138 
192 
182 
155 
172 
287 
974 
1,994 
169 

1,227 
1,384 
1,472 
1,393 
1,309 
1,188 

1,467 

1,775 
1,605 
1,612 
1,757 
1,994 
1,°07 



Source: Daily Treasury statement. 

1/ Consists of: Postal Savings System through 1962; 

insurance funds; Veterans' Special Term Insurance Fund; 



Reopened Insurance Fuitd beginning f'lay 1965; Federal Hospital Insura: 
Trust Fund beginning February 1966; Federal .Supplementary Medical 
Insurance Trust Fund beginning July 1966; and Export-Import Bank of 
Washington beginning February 196''. 



Footnotes to Table 2 



Source: On the basis of the daily Treasury statement. 

Note: The computed annual interest charge represents the amount of 

Interest that uould be paid if each interest-bearing issue outstand- 
ing at the end of each month or year should remain outstanding for a 
year at the applicable annual rate of Interest. The charge is com- 
puted for each issue by applying the appropriate annual interest rate 
to the amount outstanding on that date {the amount actually borrowed 
in the case of securities sold at a premium or discount, beginning 
with May 1960). The aggregate charge for all interest-bearing issues 
constitutes the total computed annual interest charge. The average 
annual interest rate is computed by dividing the computed annual 



interest charge for the total, or for any group of issues, by the 

corresponding principal amount. Beginning with data for December 31, 

1958, the computation is based on the rate of effective yield for 

issues sold at premium or discount. Prior to that date it was based 

on the coupon rate for all issues. 

Guaranteed seciu-ities included are those held outside the Treasury. 

Total includes "Other bonds" through 1960; see Table 3- 

Included in debt outstanding at face amount, but discount value is 

used in computing annual interest charge and annual interest rate. 

On United States savings bonds the rate to maturity is applied agains 

the amount outstanding. 



hugust 1967 



DEBT OUTSTANDING. 



33 



Table 6. - Treasury Holdings of Securities Issued by Government 
Corporations and Other Agencies 



End of 
fiscal ye 
or month 



1958 

1959 

1960 

1961 

1962 

1963 

196i 

1965 

1966 

1967 

1965-Decembe 



1966- July 

August. . . . 
September. 
October. . . 
November . . 
December. . 

1967- January . . . 
February. . 

March 

April 

May 

June 



national 
Develop- 
ment 1/ 



21,8t9 
25,3i3 
25,636 

«.D,011 

28,63i 
.•:'Q,166 
29,241 
28,354 
2o,9fc4 
-'4, oil 

27,453 

24,710 
25,480 
26,024 
25,922 
26,475 
26,030 

25,535 

25! 55'. 
25,040 

25, OU 

24,611 



,138 
,164 
,138 
,107 
,062 
807 
735 



688 
688 
688 



Credit 
Corpo- 
ration 



11,523 
12,874 
12,704 
11,534 
12,990 
13,599 
13,990 
13,111 
11,768 
10,097 

11,4'''4 

8,984 
9,768 
9,929 
9,301 

",560 
9,704 

9,813 
9,865 
9,972 
9,853 

10,047 

1 _ , -•'.■ 



',51'-' 



2,728 
2,923 
3,155 
3,332 
3,484 
3,657 
3,328 
4,075 
4,234 
4,518 

4,203 

4,234 
4,324 
4,324 

4,436 
4,436 
4,360 

4,460 
4,460 
4,460 
4,460 
4,530 
..,518 

4,518 



Secretary: 
Farmers' 
Home 
Adminis- 
tration 
programs 



256 

323 

369 

456 

854 

1,027 

1,170 

1,235 

1,436 

1,415 

1,404 

1,445 
1,470 
1,472 
1,460 
1,439 
1,403 
1,448 
1,443 
1,451 
1,43*' 
1,41' 
1,41' 

l,4"'l 



Export- 
Import 
Bank o! 
Wash- 



1,52b 

1,937 

1,636 

1,698 

1,830 

1,476 

830 

513 

178 



sing and Urban 
elopment Departmen 



llept. 



Secretary 



730 

977 
1,213 
1,567 
2,005 
2,302 
2,753 
3,133 

2,^39 

3,228 
3.243 
3)297 
3,337 
3,412 
3,629 

3,484 

3', 49^ 
3,235 



Federal 
National 



1,502 
2,351 
2,338 
3,202 
3,167 
2,716 
2,393 
1,899 
1,466 
1,329 
1,902 

1,894 
1,660 
2,018 
2,200 
2,329 
1,864 

1,485 
1,4S0 
1,539 
1,437 
1,525 
1,329 

1,438 



Saint 
Lawrence 
Seaway 
Develop- 
ment 
Corf . 



10 
10 
25 
25 
25 
25 

25 
25 
25 
25 
25 



112 
118 

121 



123 
124 
125 

125 



125 
125 
125 
125 



Valley 
Author- 



Veterans ' 
Adminis- 
tration: 
Direct 
loan 
program 



100 

100 



100 
100 
100 
100 
100 
100 

100 
100 
100 

100 
100 

100 



1,33U 

1,510 

1,730 
1,730 
1,730 
1,730 

1,730 

1,730 



1,730 
1,730 
1,730 
1,730 
1,730 
1,730 

1,730 

1,730 

1,730 

1,730 

1,730 

1,730 
1,730 



Under 
Defense 
Produc- 
tion 
Act 
of 1950 



1,723 
1,050 
1,'370 
1,90.^ 
1,976 
1,923 
2,019 
2,056 
2,023 
1,850 

2,053 

1,975 
1,975 
1,965 
1,965 
1,965 
1,965 

1,945 
1,920 
1,895 

1,875 
1,850 

1,850 

1,854 



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 congressional 
authorization for specified government corporations and other agencies 
to borrow from the Treasury. Further detail may be found in the 1966 
Annual Report of the Secretary of the Treasury, pages 888-91, and the 
1966 Combined Statement of Receipts, Expenditures and Balances of the 
United States Government, page.": 543-5. 

1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes 
previously issued by the Administrator in connection with informational 
media guaranties. The obligation for these notes was assumed by the 
Director of the United States Information Agency, pursuant to the act 
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with 
others Issued for the same purpose are included in "Other." 

2/ Farm housing and other loan programs, and Agricultural Credit Insurance 
Fund (formerly Farm Tenant Mortgage Insurance Fund). 

2/ Includes securities transferred from the Reconstruction Finance Corpo- 
ration, but excludes securities issued under the Defense Production 

i/ Consists of notes issued to borrow for: The urban renewal program 
(formerly slum clearance program); college housing loans; and public 
facility loans. 



the 



K/ Consists of liabilities taken over by the Associatic 

Secretary in accordance with the act approved August 2, 1954, and 
notes issued by the Association under authority of that act (12 U.S.C. 
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred 
from the Reconstruction Finance Corporation. 

6/ Public Housing Administration 1957-1963; Federal Housing Administra- 
tion beginning January 1966. _ 

7/ 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. 

8/ Consists of notes issued by the: Secretary of the Treasury; Small 
Business Administration, fiscal year 1957; United States Information 
Agency for informational media guaranties (see footnote 1); Secretary 
of Commerce (Maritime Administration) for the Federal Ship Mortgage 
Insurance Fund, fiscal years 1959-61 and 1963-65, beginning March 1963; 
Virgin Islands Corporation beginning fiscal 1960; District of Columbia 
Commissioners for the Stadium Sinking Fund beginning June 1962; 
Secretary of the Interior (Bureau of Mines) for development and 
operation of helium properties beginning May 1964, and (Bureau of 
Commercial Fisheries) for Federal Ship Mortgage Insurance Fund 
beginning January 1966. 



34 



i 

Treasury Bulletin j 



DEBT OUTSTANDING. 



Table 7. - Interest-Bearing Securities Issued by Federal Agencies But Not 
Guaranteed by the United States Government 



End of 
fiscal year 
or month 



Banks for 
cooperativ 



Feder 
home 
banks 



Federal 
intermediate 
credit banks 



Federal land 
banks 



Federal Nations 
Mortgage Associ 



Management 
and liquidat- 



All other 
issues 



Tennessee 

Valley 

Authority 



1958 

1959 

1960 

1961 

1962 

1963 

1964 

196J 

1966 

1967 

1965-December 

1966-July 

August 

September 

October 

November 

December 

1067-January 

February 

March 

April 

May 

July 

Source: Office of Debt Analysi 
Note: Excludes securities whic 
commercial bank borrowing. 



18,4R3 
]'^',2i9 



1?,3 3''. 



1,04-: 



1,067 
1.074 

1,074 

!,11 -■' 
1,113 

1,101 
1,072 



and agency repo 
are issued for 



c<92 
1,259 
1,055 
1,797 
2,770 
4,201 
4,757 
6,309 
4,585 

5,221 

6,594 
6,615 
6,765 
6,959 
6,859 
6,859 

6',316 
5,741 
5,085 
5,085 



~ , 1 5'- 
l,45o 
1,600 
1,723 
1,855 
2,133 
2,315 
2,462 

2,853 
3,297 

2,335 

2,935 
2,990 
2,991 
2,909 
2,814 
2,786 

?.,779 
2,850 
2,944 
3,074 
3,186 
3,297 

3,418 



1 , 888 
2,137 
2,357 
2,550 
2,725 
2,973 
3,532 
4,105 
4,611 

3,710 

4,21? 
4,212 
4,29'; 
4,295 
4,295 
4,385 

4,385 
4,450 
4,450 
4,450 
4,611 
4.611 



797 
797 



1,165 
1,290 

2,234 
2,10? 
2,556 
1,960 
1,6Q8 
1,797 
3,269 
4,078 

i,>;84 

3,053 
3,414 
3,178 
3,125 
3,152 
3,800 

3,878 

3, "84 
4,010 
4 , OOf. . 

3, ^'3-" 



145 

130 



285 
285 



ollateral fo 



Aagust 1967 



35 



.STATUTORY DEBT LIMIT ATION- 



The Second Liberty Bond Act (31 U.S.C. 757b), as amended Secretary of the Treasury) shall not exceed in the aggregate 

by an act approved June 30, 1967, provides that the face amount 1358 billion outstanding at any one time. 

of securities issued under authority of that act, and the face jr^j. ^ legislative history of the public debt limitation, 

amount of securities guaranteed as to principal and interest ggg ^^^g Annual Report of the Secretary of the Treasury, 
by the United States (except guaranteed seoirities held by the 

Table 1. - Status Under Limitation July 31, 1967 

In milliins of dollars) ^ 

Haximun, amount of debt which may be outstanding at any one time under limitation imposed by the aet ^^^^^^^ 

of June 30, 1967 (31 U.S.C. 757b) 

toount outstanding .-subject to statutory debt limitation: „ - „„pnrte 1 330,375 

U.S. Government securities issued under the Second Liberty Bond Act, a^ amende 1 ^^^ 

Guaranteed debt of U.S. Government agencies ^^ 

Total amount outstanding subject to statutory debt limitation ^^j^^^ 

Balance issuable under limitation ~ 

Table 2. - Application of Limitation to Public Debt and Guaranteed Debt 
Outstanding July 31, 1967 



Public debt: 



st-bearing debt : 
Public issues— marketable: 

Treasury bills 

Certificates of indebtedness 

Treasury notes 

Treasury bonds 

Total public issues — marketable.. 
Public issues — nonmarketable : 
Certificates of Indebtedness: 

Foreign series 

Foreign currency series 

Treasury notes: 

Foreign series 

Foreign currency series 

Treasury bonds : 

Foreign series 

Treasury certificates 

U.S. savings bonds 

U.S. savings notes 

U.S. retirement plan bonds 

Depositary bonds 

Treasury bonds, R.E.A. series 

Treasury bonds, investment series. 



Subject to statutory 
iebt' limitation 



Total public issues— nonmarketable 

Special issues to Government agencies and trust funds 

Total interest-bearing debt 

Matured debt on which interest has ceased 

Debt bearing no interest: 

Special notes of the United States: 

International Monetary Fund series 

U.S. savings stamps 

Excess profits tax refund bonds 

U.S. notes (less gold reserve) T ' ,' ' ' T 

Depcslts for retirement of national bank and Federal Reserve bank note 
Other debt bearing no interest 



Total debt bearing no interest. 



Total public debt 

Guaranteed debt of U.S. Government agencies: 



Interest-bearing debt 

Matured debt on which Inten 



t has ceased. . 
Total guaranteed debt of U.S. Government 
Total public debt and guaranteed debt.... 



62, 8U 

5,611 

49,119 

97,394 



a4,'^ 



545 

430 



205 
585 



51,323 



Not subject to statutory 
debt limitation 



S5,955 


-.. ,20c. 


127,13^ 




-3'^ 





Total 
outstandi 



62,844 

5,611 

49,119 

97,394 



214,968 



545 
430 

205 
585 

144 

47 

51,323 



2,947 
56 



11 


11 




;.,o 


3,2fj3 


::,.2 


330,6:^7 


- 


5^1 


- 


521 






331,153 









Daily Treasury statement. 



than $500,000. 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



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

Outstanding July 31, 1967 

Other than Regular Weekly and Annual Treasury Bills 

llr. millions of -lollars ) 









Amoiant of maturit 


les 


Year 
and 






Ai".o 


art of maturit 


ies 


:fear 




HpI'I \ 


y - 




H.IJ !y - 


and 










month 
of final 
maturity 

1/ 




Description 


Total 


U.S. r.ovt. 

investment 
accounts and 
Federal Re- 
serve Banks 


All 
other 

investors 


month 
of final 
maturity 
1/ 


Des 


ription 


Total 


U.J. Govt. 
investment 
accounts and 
Federal Re- 
serve Hanks 


All 

other 


19" 
Aug.... 


5-l/iA Certificate of 

Indebtedness - S/15/67-A 
3-3/lS Note - 8/15/&7-A 
L-7/S% N'ote - 8/15/67-E 


5,611 
2,093 
l,9i,4 


4,435 
1,.79 


1,750 


1069 
Feb.... 


4? Bond 


2/15/69 


3,728 


1,376 


2,352 














Apr.... 


\-\in Mote 


4/1/69-EA 


61 


- 


61 


Oct 


1-1/?^ 


Note - lO/l/uV-Etv 




- 




Jur,e . . . 


?-\'2'i Bond 


6/15/64-69 


2,5U 


422 


2,122 














Uct 


1-1/.'? note 
U% Pond 


10/1/69-EO 
10/1/69 


159 
6,252 


617 


159 
5,635 


Nov 


4-7/8i6 
3-5/8« 


Note - 11/15/W-F 
aond - 11/15/.// 


:-,13S 


6,94.. 


1,1 -'9 

1,410 


























Pe.3 


2-1/2* Bond 


12/15/64-69 


2,492 


515 


1,977 




Total.. 




'■.- 1 ' 


1 ■■ , 1 VI 


■ ,'>0" 




Total 




15,ic5 


-,'--n 


l.",^05 


1968 
Feb 


5-5/3« 


Mote - .v'l5/n:i-A 




•'m 


1,738 


1970 

Feb 


4* Bond 


?-vnc, 


4,381 


456 


3,925 


Mar 


4.681% 


Bill - 3/22/68 
(Tax ant.) 


•' , 00 ;' 


11 


1, )'•:: 














Apr 


.'..398^ 


Note - 4/1/68-EA 
Bill - 4/22/68 
(Tax ant.) 


,:l. 


r; 


1. 
I,,"'.. 


Mar 


;'-\i?S yond 


3 '15/65-70 


?,?88 


667 


1,621 


May 


4-3/4J 

3-7/sse 


Note - 5/15/68-B 
Bond - 5/15/68 


'•1" 


3,563 
.93 


2,018 


Apr.... 


1-1/;!? Note 


4/1/70-EA 


88 


- 


88 


A.lg 


4-1//^ 
3-3/4* 


Note - S/15/68-C 
Bond - S/15/68 


6,444 
3,747 


4,434 

6: '3 


2,009 
3,125 


Aug 


iS Bond 


?, 15/'70 


4,129 


432 


3,697 


Oct.... 


1-1/2* 


Note - 10/1/68-EO 


11'. 


- 


115 


Oct 


1-1 0' Note 


10'1,'70-EO 


Wi 




11^ 


r-iov 


3-7/8* 


Bond - 11/15/o.t' 


'-•■■" 


















>...... 


.-l/.?* 


Bond - 12/l5/63-&t' 




a- 


1 , 5~.'- 


■lev.... 


^;t Mote 


11/15/70-A 


7,0?--. 


1,453 


6, .'22 




Total.. 




2tf , 585 


10,41.: 


1:,172 




Total 




1 -,..-. 


.,..•-0. 


1%0,5 



'ootnote at end o? table 



(Continued on following page) 



August 1967 



37 



PUBLIC DEBT OPERATIONS. 



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

Outstanding July 31, 1967 

Other than Regular Weekly and Annual Treasury Bills - (Continued) 



(In nil lions of dolla 



Year 
and 
month 
of final 

maturity 



Descrjption 



U.S. Govt, 
investment 
accounts an 

Federal Re- 
serve Far.ks 



All 

other 

investors 



month 
of final 
matiirity 



Descripti 



Amount of maturities 



Held by - 



U.S. Govt, 
investment 
counts and 

Federal Re- 
■ve Banks 



All 
other 



Apr. 
May. 



Apr. 

May . 



2-1/2^ Bond 

1-1/2? Note 

5-lA? Note 

i% Bond 

1-1/2;? Note 



•;-3/8^ Note 
3-7/8:? Bond 



A-3/iS Note 
4? Bond 



1-1/.1?: Note 

i,-}/A% Mote 

.'-1/::% Bond 

/^% Bond 

;-l/2? Bond 

- -1/?? Bond 



T.:-tal. 



i-l/8X Bond 



3/15/66-71 

i/l/71-EA 

5/15/71-A 

8/15/71 

10/1/71-F 

11/15/71-E 
11/15/71 



1,734 
2,760 



2/15/72-A 
2/15/72 



4/1/72-EA 
5/15/72-B 
6/15/67-72 

8/15/72 

9/15/67-72 

12/15/67-72 



8/15/73 
11/15/73 



',00f. 
2,3Ai. 



5,310 
1,259 

2,57° 
1,952 
2, -'J 5 

18,103 



4,354 



2,769 
124 



526 
79 



1,''54 
2,085 



2,541 
1,135 

2,053 

1,872 

2,415 

13,774 



-l/SS Bond 
-l/'4/ Pond 
-7/8^ Bond 



May. 



1990 
Feb. 



1992 
Aug. 



IQQ3 
Feb. 



19° 5 
Feb. 



3-1/4? Bond 



-1/4? Bond 
-1/4? Bond 



3-1/2? Bond 



4-l,''3'' Bond 



. 3-1/2?. Bond 



2/15/74 
5/15/74 
11/15/74 



2/15/80 
11/15/80 



6/15/78-83 



5/15/85 
5/15/75-85 



8/15/87-°2 
2/15/88-93 
5/l5/80-°4 

2/15/95 
11/15/98 



3,130 

3,590 
2,242 

3,962 

2,604 

1,910 

4,513 



1,120 
1,217 



561 

681 



1°3 
417 



2,605 
3,030 
1,561 

7,196 

1,858 
1,190 

3,047 



1,726 



3,731 



Source: Daily Treasury statement and Offi 
of the Secretary. 



of I fbt Analysis in the Offir-e 



1/ For 



ecurity. 



"Market Quotatio 



38 



Treasury Bulletin 









Table 2. - Offerings of Treasury Bills 
















lAmoui.ta ill millions o 


r dollars) 
















Description of new 3 


ssue 






Amount 
maturing on 
issue date 
of new 
offering 


Total of 
unmatured 


Issue date 


Maturity 
date 


[lumber of 
days to 
maturity 1/ 


Amount of 

bids 

tendered 


Amount of bids accepted 




Total 
amount 


On competi- 
tive basis 


Lin noncompeti- 
tive basis 2,/ 


In 
exchange 


standing after 
new issues 


Healllar weekly: 
i9(-,7-Apr. 6 


f 19i"7- July 
1^ Oct. 


6 
5 


91 
182 


2,253.4 
1,863.9 


1,301.0 
1,000.7 


1,011.4 
903.8 


289.7 
96.9 


276.8 
182.7 


1,300.2 
1,000.3 


16,920.4 




26,028.8 


Apr. 13 


r July 


1! 
13 


Ql 

183 


2,534.7 
2,002.6 


1,301.3 
1,000.7 


QO0.3 
392 . 0' 


311.0 
107.8 


9.1 
124.9 


1,303.0 
999.0 


16,918.8 
26,029.5 


Apr. 20 


/ July 
\ Oct. 


20 
19 


oi 

182 


2,510.8 
2,174.6 


1,300.- 
1,000.7 


1,027.3 
893.1 


273.2 
107.0 


344.7 
203.0 


1,301.7 
1,000.7 


16,917.6 
26,029.5 


Apr. 27 


/ July 

\ Oct. 


27 
2t 


91 
182 


2,363.7 

i,?e5.<^ 


1,300.9 
1,000.3 


1,041.7 
°04.1 


259.2 
06.I 


25 3. Or 
221.4 


1,303.3 

1,000.5 


16,915.1 
26,0.09.3 


May 4 


f Aug. 


3 


91 
182 


2,103.2 
1,812.3 


1,300.0 
1,000.3 


l,06r.4 

oio.O 


234.6 
90.3 


319.2 
202.6 


1,302.0 
1,000.8 


16,914.0 
26,028.9 


May 11 


f Aug. 


10 


^1 
1?J 


2,224.3 
1,737.0 


1,301.0 
1,000.1 


1,045.6 
TO5.7 


255.4 
104.4 


203.8 
102.4 


1,299.0 
1,000.1 


16,915.1 
26,028.8 


May 18 


/ Aug. 


17 

16 


^'1 
182 


2,141.'- 
2,ltP..:. 


l,300.b 
1,000.6 


1,040.1 

887.1 


260.5 
113.5 


243.2 
141.3 


1,302.3 
1,000.0 


16,913.4 
26,029.5 


May 25 


/ Aug. 
1 Nov. 


24 


91 
183 


2,080.7 
1,664.8 


1,300.0 
1,000.3 


1,0.39.8 
O09.1 


230.2 
91.2 


280.7 
152.4 


1,300.3 


16,913.1 
26,030.2 


June 1 


/ Aug. 

Nov. 


31 

TO 


91 
]8? 


2,405.2 
1,973.0 


1,300.4 
1,001.0 


1,071.6 
O03.0 


228.8 

98.0 


341.2 
182.0 


1,304.7 
1,004.5 


16,908.8 
26,026.7 




/ Sept 
Dec. 


7 


01 

182 


2 , 05 3 . 3 
2,107.3 


1,300.0 
1,000.6 


1,075.8 
897.8 


224.3 
102.8 


301.2 
222.6 


1,300.1 
1,000.6 


16,908.8 




26,026.7 


June 15 


Sept 
Dec. 


14 
14 


182 


2,107.0 
1,978.7 


1,300.0 

1,000.1 


1,053.0 
889.2 


246.1 
110. Q 


349.2 
205.0 


1,301.6 
1,000.9 


16,907.2 
26,026.0 


June 22 


/ Sept 
1^ Dec. 


21 
21 


91 
182 


2,389.5 
1,957.6 


1,300.0 
1,000.0 


1,005.5 
840.6 


294.5 
150.4 


332.5 
236.7 


1,300.2 

1,006.1 


16,906.9 
26,019.9 


June 29 


r Sept 
1 °^- 


28 
28 


91 
182 


1,912.6 
1,622.7 


1,300.2 
1,000.4 


1,068.8 
890.6 


231.4 
109.8 


310.8 
234.3 


1,300.4 
1,001.3 


16,906.8 

26,019.1 


July 6 


/ Oct. 
< 1968- Jan. 


5 

4 


91 
182 


1,989.2 
1,699.4 


1,301.5 
1,000.1 


1,073.1 
895.1 


.^28.4 
104.9 


288.8 
232.8 


1,301.0 
1,001.2 


16,907.3 




26,018.0 


July 13 


/1967-Oct. 
( 1968- Jan. 


12 
11 


92 
182 


2,206.6 
1,646.2 


1,400.3 
1,000.4 


1,100.7 
853.8 


299.6 
146.7 


I...4.I 
139.0 


1,301.3 
1,000.2 


17,006.3 
26,018.3 


July 20 


/1967-Oct. 
< 1963- Jan. 


19 
18 


91 
182 


2,404.6 
1,867.0 


1,400.9 
1,000.7 


1,131.5 

370.9 


269.4 
120.8 


328.4 

228.6 


1,300.5 
1,000.0 


17,106.7 
26,018.1 


July 27 


/1967-Oct. 
1 1968- Jan. 


26 


91 
182 


2,366.1 
2,029.6 


1,400.7 
1,000.3 


1,150.3 
880.6 


250.4 
119.7 


276.5 
254.1 


1,300.0 


17,206.5 
26,018.4 


Tax anticipation: 






















1967-JuIy 11 


lo,:,3-Mar. 
Apr. 


22 
22 


255 
286 


3,251.3 
3,027.4 


2,003.4 
2,001.0 


1,733.0 
1,775.6 


270.4 
225.4 


- 


- 


2,003.4 
4,004.3 


9-month and one-year : 






















1966-July 31 

Aug. 31 

Sept. 30 


1967-July 
Aug. 

{ Sept. 


31 
31 

■^0 
30 


365 
365 
273 
36'. 


l,868.o 
2,236.8 

"34.7 
1,472.3 


994.8 

1 ,000.1 

500.1 

OQO.I 


ObO.O 
967.0 
471.3 


34.9 
33.1 
28.3 
66.3 


■ ■4'. 5 


1,000.2 
1,000.1 

1,LX»J.' 


12,002.1 

12,001.9 

500.1 

11,901.5 


Oct. 31 


r July 


31 
31 


273 
3cf 


1,076.1 
2,272.1 


'00.4 


485.0 


15.4 
42.4 


'•0.1 


- 


1,000.4 
11, 301. 2 


Nov. 25 3/ 


Apr. 
I Hay 


31 

30 
31 


12 1 
1'. 

1S7 


2,o.,., 


1,202.3 


1,031.2 


121.2 


.1 


- 


13,008.6 


Nov. 30 


/ Aug. 
\ Nov. 


31 
30 


274 
365 


1,13 ;■,._) 

2,163.7 


'.00.7 
900.'. 


43.3.3 

3a. 5 


13.9 

39.0 


70.1 
1. 1.. 


- 


1,501.1 
12,908.5 4'' 


Deo. 31 


f Sept. 


30 
31 


270 
3';5 


i,oc'3.:< 

l,c6'i.i 


500.0 
OOI.O 


437.0 


12.1 
47.5 


.1 

l'--'.0 


i,.r.oi. 1 


2,001.2 
12,808.5 i/ 


1967-Jan. 31 


f Get. 
\19L.S-Jan. 


31 
31 


273 

365 


1,316.1 
1,508.3 


'1)1.1 
901.0 


434.5 

8.:.1.1 


16.6 
39.8 


1 -7. '. 
12. .0 


1,001.4 


2,502.3 
12,708.1^ 


Feb. 28 


1967-Nov. 
1968-Feb. 


30 
29 


275 
366 


1,306.7 
2,395.8 


500.0 
901.0 


485.1 
863.3 


15.3 
37.3 


01.'. 

1 ' 1 . 


1 , 000 . : 


3,002.3 
12,608.9 i/ 




Mar. 31 


■l967-Dec. 
1968-Mar. 


31 
31 


275 

366 


1,290.4 
1,669.1 


500.1 
900.0 


482 . 
859. 


18.1 
40.1 


l'.1.3 


1,400.? 4, 


3,502.8 

12,107.7 4/' 


Apr. 30 


r Jan. 
\ Apr. 


31 

30 


275 


1,265.2 
1,535.1 


500.4 
902 . 


860.5 


14.9 
32.7 


r'o.i 
102.3 


1,401.' 4,' 


4,003.2 
11,608.2 4/ 


May 31 


( Feb. 
\ May 


31 


■ '74 


1,132.6 
1,303.4 


500.0 
oQO.l 


43'..' 


14.6 
24.9 


111." 


1,402.0 4/ 


4,503.3 
11,100.4 


June 30 


/ ;iar. 
1 ^'-- 


31 

30 


27'. 


1,132.8 
l,'770.<"-i 


500. 3 
1.000.^ 


432.2 


18.1 
38.2 


1 " . ". 


500.1 


4,503.5 
11,105.5 


July ^1 


1 Apr. 
\ July 


30 
31 


274 


1,106.7 

2,587.5 


500.3 
1 , 000 . 6 


481.5 
053.3 


18.8 
47.3 


60.2 
240.7 


500.4 
004.3 


4,503.4 







Footnotes at end of table. 



August 1967 



39 



PUBLIC DEBT OPERATIONS. 



Table 2. - Offerings of Treasury Bills - (Continued) 




On competitive bids accepted 



Price per hundred 



99.002 
97.988 6/ 

99.0i7 
98.050 7/ 

99.016 8/ 
98.009 

99.067 9/ 
98.106 

99.060 
98.038 10/ 

99.079 
98.069 

99.089 
98.082 



Equivalent rate 5/ 



95.407 
06.406 



96.899 
95.870 

97.089 
96.122 23/ 

97.028 
96.030 

96. U8 iV 
95.298 

96.084 25,^ 
94.774 26,' 



(Percent) 

3.948 
3.980 

3.770 
3.836 

3.893 
3.938 

3.691 
3.746 

3.719 
3.881 

3.644 
3.820 

3.604 
3.794 



99.126 


3.458 


98.138 


3.663 


99.133 


3.430 


98.124 


3.711 


99.150 11/ 


3.363 


98.106 


3.746 


99.123 


3.469 


98.089 


3.780 


99.105 


3.541 


98.069 


3.820 


99.140 


3.402 


98.038 


3. 881 


98.958 12/ 


4.122 


97.700 


4.549 


98.918 


4.234 


97.652 


4.644 


98.933 12/ 


4.221 


97.614 


4.720 


98.916 


4.288 


97.470 14/ 


5.004 


96.607 15y' 


4.790 


96.171 16/ 


4.820 


94.°91 17/ 


4.940 


94.110 13/ 


5.809 


05.62Q 19/ 


5.764 


94.156 20/ 


5.764 


95.7Q9 


5.540 


Q4.385 21/ 


5.538 


o7.7il 22/ 


5.226 


05. 787 


5.535 


94.419 


5.505 


96.367 


4.844 


95.160 


4.774 



4.631 
4.530 

4.705 
4.688 

4.059 
4.062 

3.811 
3.814 

3.905 
3.905 

4.650 
4.625 

5.145 
5.140 



Price per hundred 



Equivalent rate ^ 



98.990 
97.967 

99.033 
98.034 

99.009 
97.998 



99.043 
98.016 

99.069 
98.056 

99 . 080 
98.075 



99.118 
98.105 

99.139 
98.091 

99.105 
98 . 074 

99.094 
98.054 

99.100 
97.982 



(Percent) 

3.996 
4.021 

3.825 



3.920 
3.960 

3.727 
3.786 

3.786 
3.924 

3.683 

3.845 

3.640 
3.808 

3.521 
3.722 

3.489 
3.748 

3. 406 
3.776 

3.541 
3.810 

3.584 
3.849 
3.560 
3.992 

4.391 



97.605 


4.737 


98.924 


4.257 


97.594 


4.759 


98.874 


4.455 


97.428 


5.087 


96.522 


4-910 


96.065 


4.953 


94.943 


4.988 


94.056 


5.863 


95.564 


5.850 


94.074 


5.845 


95.764 


5.586 


94.374 


5.549 


97.679 


5.346 


95.760 


5.571 


94.402 


5.521 


96.284 


4.955 


95.083 


4.850 


96.458 


4.671 


95.316 


4.620 


96.387 


4.730 


95.222 


4.700 


96.872 


4.095 


95.839 


4.093 


97.044 


3.870 


96.066 


3.870 


96.971 


3.980 


95.966 


3.968 


96.340 


4.791 


95.080 


4.839 


96.038 


5.206 


94-744 


5.170 



40 



PUBLIC DEBT OPERATIONS. 
Footnotes to Table 2 



Treasury Bulletin 



Source: Daily Treasury statement; Bureau of the Public Debt. 

1/ The 13-week bills represent additional issues of bills with an original 
maturity of 2&-weeks and the 9-inonth bills represent additional issues 
of bills with an original maturity of one-year. 

2/ For 13-week and 26-week issues, tenders for $200,000 or less from any 
one bidder are accepted in full at average price of accepted competi- 
tive bids; for other issues, the corresponding amount is stipiUated 
in each offering announcement. 

1/ Additional amounts ($/i00,782,000 each) of three series of outstanding 
monthly bills issued in strip form for cash and exchange on 
November 25, 1966. 

i/ Includes strip bills issued November 25, 1966. 

5/ Bank discount basis. 

6/' Except $1,000,000 at 98.000. 

7/ Except $4,055,000 at 98.064.. 

2/ Except $150,000 at 99.016. 
in/ ^^"^"^P* $300,000 at 99.072. 

if Except $75,000 at 98.036 and $400,000 at 98 042 
il/ Except $377,000 at 99.196 -■ t • 



12/ 

16/ 

17/ 
18/ 

19/ 
20/ 
21/ 
22/ 

22/ 
Ik/ 
25/ 
2V 



Except $200,000 at 98.969. 

Except $150,000 at 98.963. 

Except $800,000 at 97.782, $525,000 at 97.600, $400,000 at ''1 52? 

$1,000,000 at 97.500, and $200,000 at 97.495. ' 

Except $500,000 at 96.635. 

Except $500,000 at 96.564, $500,000 at 96.550, $500,000 at oft •>26 

$500,000 at 96.195, and $1,500,000 at 96.187 ' 

Except $100,000 at 95.072 and $400,000 at 95 008 

Except $5,000,000 at 94.130. 

Except $5,000 at 95.649, $3,100,000 at 95.639, and $300,000 at 95.633 

Except $5,300,000 at 94.170. * , ai- v^.tuj. 

Except $2,000 at 94.500. 

$2i:Soo'^!t'9Turf;f^8i!^J6°°t° t, l,r'' *-^^'°°° ^' ''■''■°' 

Except $100,000 at 96.385 and $25,000 at 06 200 
$'i:o?0,K°94?785!-'"' ''''°°° '' ''■'°°' *^'°°°'°°° ^' ^^-^^5, and 



August 1967 



.PUBLIC DEBT OPERATIONS, 



Issue 
date 



1966-January ' . 

January 13* 

January 20. 

January 27. 

February J. 

l''ebruary 10. 

February 17. 

February 24. 

March 3. 

March 10. 

March 17. 

March 2A- 

March 31. 



1967-July 
July 
July 



13. 



Table 3. - New Money Financing through Regular Weekly Treasury Bills i/ 



Description of 



t'faturity 
date 



-April 
July 

April 
July 

April 
July 

April 



May 
August 



August 


25 


June 
September 


2 
1 


June 
September 


8 


June 
September 


16 
15 


June 

September 


23 
22 


June 

September 


30 


1967-October 
1968-January 


13 

11 


1967-October 
1968-January 


19 
18 


1967-October 
1968-January 


26 
25 



Number o 
days to 
maturity 



91 
182 



91 
182 



91 
132 

91 
182 



91 
182 



92 
182 



Amount 
of bids 
tendere 



2,166 

2,084 
2,305 

2,145 

1,672 

2,401 
2,010 

2,365 
1,984 

2,404 
2,095 

2,3i3 
2,049 

2,008 
1,642 

2,320 
2,767 

2,223 
1,923 
2,265 



2,207 
1,646 

2,405 
1,367 



Amount 
of bids 
accepted 



{1,304 
1 , 003 
1,302 

1,000 

1,301 

1,001 

1 , (01 
1,000 

1 , 301 

1 , 000 



1 , <00 

1 , oni 



1,301 
1,001 

1,300 
1,000 



1 , 3.00 
1 , 000 



1 ,400 
1,000 



1,401 
1,000 



Average rate 
on bids 
accepted 2/ 

(Percent) 



4.53;.' 
4.718 

4.585 
4.737 

4.673 
4.770 

4.596 
4.699 

4.638 
4.740 

4.650 
4.775 

4.695 
4.876 



4.661 
4.861 

4.620 
4.816 

4.718 
4.915 
4.576 
4.776 

4.554 
4.755 

4.286 
4.689 

4.244 
4-745 

4.424 
5.044 



41 



Neu money 
decrease (-) 



104 
100 
111 
102 
99 
97 



100 

3 00 



Source: See Table 2, Information in Table 3 covers bill offerin 

July 1, 1965 through July 31, 1967. 
1/ Excludes issues of strips of additional amounts of outstandin 



egular 



weekly bills for cash 

Table 4. 

Equivalent average rate 



bank discount 



42 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin 



Table 4. - Offerings of Public Marketable Securities Other than 
Regular Weekly Treasury Bills 



Date subscrip- 
tion books 


Issue 
date 


Description 


of securities 1/ 


Period to final 
maturity 
(years, months, 

d,ys) 2/ 


• mount >.f sub- 
scriptions tendered 


Amoun 


issued X 


Allot- 




F-jr 
cash 


In exchange 


ment 


opened or bill 
tenders received 


Cash 


Exchange 


ratio 
















(In millions 


of dollars) 






7/27/6; 


7/31/65 


3.875if Bill 


7/31/66 - At auction 




ly 


I.-'IS 


- 


1,000 


- 




8/2/65 


8/13/65 

3/lS/r2 


4* Note 
A% Bond 


2/1 5/67- 1- 2/ 

2/15/69 - Reopening _J/ 


ly 
3y 


6m 
6m 


_ 


5,151 
1,884 


: 


5,151 "1 

6/ 
1 , ^84 J 


100 


8/2V65 


8/31/65 


4.006% Bill 


8/31/66 - At auction 




ly 


1,927 


- 


1,000 


- 




9/2i'65 


9/33/65 


4.236% Bill 


9/30/66 - At auction 




ly 


2,970 


- 


1,00c 


- 




7/ 


10/1/65 


1-1/2% Note 


10/1/70-EO 




5y 


- 


113 


- 


113 




10/5/65 


tj/11/65 

1 i'U '- f: 


3.783% Bill 
3.941% Bill 


3/22/66 - Tax ant. Sy' 
(At auctiun) 

6/22/66 - Tax ant. 8/ 
(At auction) 




162d 
254d 


4,352 
2,209 


- 


3,009 

1,Jj3 


- 




10/26/65 


10/31/65 


4.192% Bill 


10/31/66 - At auction 




I7 


2,304 


- 


1, :■ 


- 




11/1/65 
11/17/65 


11/15/65 

10/11.'65 


4-1/4% Note 
4.075% Bill 


5/15,'67-D 

6/26/66 - Tax an-.. 8/ 
(Reopening) 


ly 


213J 


12,067 9/ 
5,164 


- 


■,i."i 

2,513 


6,623 10/ 


11 


11/23/65 
12/23/65 


11/30/d5 
12/31/65 


4.277% Bill 
4.731% Bill 


11/30/66 - At auction 
12/31/66 - At auction 




ly 
ly 


1,949 
2,720 


- 


1,001 
1,00] 


- 




12/29/65 


10/11/65 


4.281% Bill 


6/22/66 - Tax ant. 8/ 

(Reopening) 




I6gd 


3,647 


- 


1,007 


- 




1/10/66 


1/19^66 


4-3/4% Cert. 


ll/l5/b6-A 5/ 




10m 


10,133 


- 


1,05:; 


- 


12/' 


1/25/66 


1/31/66 


4.69V* bill 


1'31',:," _ At auc-'lun 




1,- 


1,-1'' 


- 


1, ■ 1 


- 




1/31/66 


2/15/66 
2/15/66 


4-7/8% Note 
5if Note 


8/15/67-E ^ 
11/15/70-A j 5/' 


1./ 


9m 


- 


2,117 
7,675 


- 


7,675 ]1^ 


100 


2/23/66 


2/28/66 


4.945% Bill 


2/28/67 - At auction 




ly 


1,771 


- 


1,000 


- 




3/24/66 


3/31/66 


4.739% Bill 


3/31/67 - At audion 




ly 


1,571 


- 


1,000 


- 




1/ 


4/1/66 


1-1/2% Note 


4/1/7 1-EA 




5y 


- 


35 


- 


35 




V2b/66 


4/30/66 


4.773% Bill 


4/30/67 - At auction 




ly 


1,334 


_ 


1,001 


. 




5/2/66 
5/25/66 


5 '15/66 
5/31/66 


4-7/8% Note 
4.966% Bill 


11/15/67-F 5/ 
5/31/67 - At auction 


ly 


6m 

ly 


2,013 


8,135 


l,'.::jl 


-..135 14 




6/23/66 
7/26/66 


6/3 J/ 66 
7/31/66 


4.697% Bill 
4.964^ Bill 


6/30/67 - At auction 
7/31/67 - At auction 




ly 
ly 


1,569 

1 , 869 


- 


i,jn 

99'i 


- 




8/1/66 


8/15/66 
8/15/66 


5-1/4? Cert. 
5-1/4% Note 


8/15/67-A 
5/15/71-A 5. 




ly 

9m 


- 


I'^^l 


- 


im]^ 




8/18/66 


3/26/66 


5.338% Bill 


3/22/67 - Tax ant. 8/ 
(At auction) 




208d 


2,950 


- 


.\:h;. 


J 




8/25/66 


8/26/66 
8/31/66 


5.433% Bill 
5.844% Bill 


4/21/67 - Tax ant. 8/ 
(At auction) 
8/31/67 - At auction 




238d 
1/ 


1,490 
2,237 


" 


1,003 

1, i" 


~ 




9/27/66 


^6/30/66 
'[9/30/66 


5.808% Bill 
5.806% Bill 


6/30/67 - At auction 

(Reopening) 

9/30/67 - At auction 




9m 

ly 


°85 
1,47? 


- 


■"00 


- 




1/ 


10/1/66 


1-1/2% Note 


lO/l/71-EO 






. 


72 




72 




10/11/66 


8/26/66 


5.4835? Bill 
'.586? Bill 


4/21/67 - Tax ant. 8/ 
(Reopening) 

6/22/67 - Tax ant. 8/ 
(At auction) 




l?5d 
2A7fl 


2,2?*^' 
7 ,457 


- 


1 , ■■ 0' 


- 




10/25/66 


LJ/31/66 


'-.567% Bill 
5.54A% Bill 


7/31/67 - At auction 
(Reopening) 

10/31/67 - At auction 




9ra 


l,T'e 


: 




- 




11/1/66 


t 1/1 5/66 
Rl/15/66 


5-5/8% Note 
5-3/8% Note 


2/15/6S-A 

11/15/71-B 


ly 


3ra 

5y 


.:;:.}^ 


- 


l,''02 
1,668 


Tbji^ 


12/ 


11/23/66 


f 8/31/66 

U.l/30/6b 


5.552% Bill 
5.519% Bill 


8/31/67 - At auction 

(Reopening) 

11/30/67 - At auction 




9m 

ly 


1,183 
2,164 


- 


501 
&00 






11, 17 r/, 


11/25/66 


5.318% Bill 


(-3/31/67 \ "Strip" of 3 

15/3V67] rr.:Min) 




156.3d 
(Average) 


2,987 


- 


1,202 la/ 


- 





Footnotes at end of table. 



following page 



August 1967 



PUBLIC DEBT OPERATIONS. 



Table 4. - Offerings of Public Marketable Securities Other than 
Regular Weekly Treasury Bills - (Continued) 



43 



Date subscrip- 
tion books 


date 


Descripti 


on of securities X"' 


Period to final 
maturity 
(years, months, 
days) 2/ 


Amount of 
scriptions 


sub- 
tendered 


Amount issued 3/ 


Allot 


opened or bill 
tenders received 


Cash 


Exchange 


For 
cash 


In exchange 

4/ 


ment 
ratio 


12/6/66 


lO/lfl/66 


^..24^/ Pill - 


6/2P/67 - Tax ant. 8/ 
(Reopening) 


lo?d 


1,662 


In millions 


of dollars) 
aoi 


- 




12/^7/66 


r°/30/66 
\l2/31,/66 


4.920? Bill - 
4.820? Bill - 


9/30/67 - At auction 

(Reopening) 

12/31/67 - At auction 


9m 

ly 


1,093 
1,665 


- 


500 
QOl 


- 




1/24/67 


riO„'31/66 
\_ 1/31/67 


4.656% Bill - 
4.577?. Bill - 


10/31/67 - At auction 

(Reopening) 

1/31/68 - At auction 


9m 

ly 


1,316 
1,508 


- 


501 
901 


- 




1/30/67 


f 2/15/67 
[ 2/15/67 


4-3/4? Note - 
4-3/4? Note - 


5/15/68-B 'I ^ , 
2/15/72-A j 2/ 


ly 3m 

5y 


22,135/ ^ 


- 


1,'^51 
1,777 


''^ -/ 


21/ 


2/21/67 


ril/30/66 
\ 2/28/67 


4.718? Bill - 
4.696? Bill - 


11/30/67 - At auction 

(Reopening) 

2/29/68 - At auction 


ly 


1,307 
2,396 


- 


500 
901 


- 




3/7/67 


10/18/66 


4.205? Bill - 


6/22/67 - Tax ant. 8/ 
(Reopening) 


lOld 


3,928 


- 


2,707 


- 




3/28/67 


ri2/3l/66 
1^ 3/31,'67 


4.077? Bill - 
4.074? Bill - 


12/31/67 - At auction 

(Reopening) 

3/31/68 - At auction 


9m 

ly 


1,299 
1,669 


- 


500 
900 


- 




2/"' 


4/1/67 


1-1/2? Note - 


4/1/72-EA 


5y 


- 


19 


_ 


19 




V'25/67 


f l/jl,'67 
[_ 4/30/67 


3.843? Bill - 
3.833? Bill - 


1/31/68 - At auction 

(Reopening) 

4/30/68 - At auction 


9m 

ly 


1,266 
1,537 


- 


500 
902 


- 




5/1/67 


r 5/15/67 
\ 5/15/67 


4-1/4? Note - 
4-3/4? Note - 


8/15/68-c'l ^, 
5/15/72-8/ ^ 


ly 3m 

5y 


- 


6,444p 
5,309p 


- 


6,444P^22/ 
5,309pj^^ 


100 


5/2i/67 


/ 2/28/67 

L 5/31/67 


3.945? Bill - 
3.934? Bill - 


2/29/68 - At auction 

(Reopening) 

5/31/68 - At auction 


ly 


1,133 
1,398 


- 


500 
900 


- 




C./27/67 


/ 3/31/67 

[^ t,''30/67 


4.72>? Mil - 
4.732? Bill - 


3/31/68 - At auction 

(Reopening) 

6/30/68 - At auction 


ly 


1,183 
1,771 


- 


500 
1,001 


- 




^.' 5/67 


r 7/11/67 
1 7/11/67 


4.861? Bill - 
4.898? Bill - 


3/22/68 - Tax ant. 8/ 
(At auction) 

4, 22/68 - Tax ant. 8/ 
(At auction) 


255d 
286d 


3,251 
3,027 


- 


2,003 
2,001 


- 




7/25/o7 


/ 4/30/67 

L 7/31/C7 


5.164? Bill - 
5.150? Bill - 


4/30/68 - At auction 

(Reopening) 

7,/'31/68 - At auction 


274d 
366d 


1,197 
2,587 


- 


500 
1,001 


- 




5/1/67 


8/15/67 


5-1/4? Note - 


11/15/68-D 5,. 


ly 3m 


15,660p o/ 


- 


3,550p 


6,363p 23/ 


24^ 



44 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS 



Footnotes to Table 4 



Source: Bureau of the Public Debt j/T,/ 

1/ Bonds, notes, and certificates of indebtedness issued at par except 
those bearing footnote 5. For bill issues (sold at auction) the rate 
shown is the equivalent average rate (bank discount basis) on accepted 
bids. For details of bill offerings, see Table 2. On September 3, 
1963, the Treasury began the monthly issuance of one-year bills to 
mature on the last day of each month and, in addition, on September 30, 
1966, it began the monthly issuance of bills to mature in nine months. 
2/ From date of additional issue in case of a reopening. 
2/ In reopenings, the amount issued is in addition to the amount of 

original offering. 
4/ For securities exchanged for the new issues, see Table 8. 
V For price at which issued, see Tables 5 and 6. 

(i/ Includes $3,051 million of the A% notes and $1,076 million of the i% 18/ 
bonds allotted to Federal Reserve banks and Government investment 
accounts. 
7/ Exchange offering available to owners of nonmarketable 2-3A? Treasury 12/ 
bonds, Investment Series B-1975-80, dated April 1, 1951. For further 
information on the original offering see Treasury Bulletin for 20/ 

April 1951, page A-1. Amounts shown are as of July 31, 1967. 
8/ Tax anticipation bill, acceptable at face value in payment of income 21/ 

taxes due on the 15th of the month immediately preceding maturity. 
2/ Payment for subscriptions allotted could be made in cash or in 

Treasury bonds, notes, or certificates of indebtedness maturing on the 
issue date of the new security. 
10/ Consists of allotments paid for with Treasury notes maturing 

November 15, 1965. 
11/ Subscriptions from States, political subdivisions or instrumentalities 
thereof, public pension and retirement and other public funds, 
international organizations in which the United States holds member- 
ship, foreign central banks and foreign states. Government investment 
accounts and the Federal Reserve banks, totaling $7,169 million, were 
allotted in full where, as provided in the offering circular, the 
subscriber made the required certification of ownership of notes 
maturing November 15, 1965. Subscriptions subject to allotment totaled 
3^,898 million: those up to and including $200,000 were allotted in iZ^ 
full; all others were allotted 48 percent but in no case less 
than $200,000. 
LS/ Subscriptions for $50,000 or less were allotted in full. Subscriptions 2^/ 
for more than $50,000 were allotted K.5 percent but in no case less 
than $50,000. 24/ 

12/ Includes $1,250 million of the i-7/8% notes and $1,121 million of the 
5% notes allotted to Federal Reserve banks and Government investment 
accounts. 
Ut/ Includes $6,685 million allotted to Federal Reserve banks and Govern- 
ment investment accounts. 
U/ Includes $4,431 million of the 5-1/4? certificates and $1,519 million 
of the 5-1/4% notes allotted to Federal Reserve banks and Government 
investment accounts. 
L^ Consists of allotments paid for with Treasury bonds, notes, and certif- 
icates of indebtedness maturing November 15, 1966. p 



Subscriptions from States, political subdivisions or instrumentalities 
thereof, 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 accounts 
and the Federal Reserve banks, totaling $943 million for the 5-5/8% 
notes and $75 million for the 5-3/8J notes, were allotted in full where, 
as provided in the offering circulars, the subscriber made the required 
certification of ownership of securities maturing November 15, 1966. 
Subscriptions subject to allotment totaled $4,918 million for the 5-5/8% 
notes which were allotted 30 percent, and $13,954 million for the 5-3/8% 
notes which were allotted 10 percent; subscriptions for $100,000 or 
less were allotted in full, and subscriptions for more than $100,000 
were allotted not less that $100,000. 

Sale of a "strip" of Treasury bills, consisting of an additional $400 
million of three series of outstanding one-year Treasury bills maturing 
March 31, April 30, and May 31, 1967. 

Issued for cash and in exchange for Treasury bills maturing November 
25, 1966. 

Consists of allotments paid for with Treasury notes maturing February 
15, 1967. 

Subscriptions from States, political subdivisions or instrumentalities 
thereof, 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 accounts 
and the Federal Reserve banks, totaling $3,675 million for the notes 
of Series B-1963 and $248 million for the notes of Series A-1972, were 
allotted in full where, as provided in the offering circulars, the 
subscriber made the required certification of ownership of securities 
maturing February 15, 1967. Subscriptions subject to allotment totaled 
$16,240 million for the notes of Series B-1968, those up to and 
including $100,000 were allotted in full, a]l others were allotted 10 
percent but in no case less than $100,000, and $21,887 million for the 
notes of Series A-1972, those up to and including .J50,000 were allotted 
in full, all others were allotted 7 percent but in no case less 
than $50,000. 

Includes $4,430 million of the 4-1/4% notes and $2,576 million of the 
4-3/4% notes allotted to Federal Reserve banks and Government invest- 
ment accounts. 

Consists of allotments paid for with Treasury certificates of 
indebtedness and notes maturing August 15, 1967. 

SuDscriptions from States, political subdivisions or instrumentalities 
thereof, 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 account? 
and the Federal Reserve banks, totaling $6,314 million, were allotted 
in full where, as provided in the offering circular, the subscriber 
made the required certification of ownership of securities maturing 
August 15, 1967. Subscriptions subject to allotment totaled $9,319 
million: those up to and including $100,000 were allotted in full; 
all others were allotted 35 percent but in no case less that $100,000. 
Preliminary. 



August 1967 



45 



.PUBLIC DEBT OPERATIONS 



Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations 











Adjustment payments 


















at issue (per JlOO 


















of face value) 1/ 










Descript 


on of securities 


Date of 
financing 


Amount issued 

llr. :nilllo:is' 




Effective 

yield 2j' 


Investment 

yield y 


Eligible securitle 


s exchanged 




By 


To 












Treasiory 


Treasury 










12^ 


























$772 V 


$0.50 


. 


■i.m 


3.31% 


3-1/2^ Certificate 


- 2/15/63-A 








1,093 A/' 


0.10 


- 


3.77 


3.80 


2-5/8% Note 


- 2/15/63-A 


3-3/4? Note 


- 3/15/'67-A 


9/.'0/62 


J «31 A/' 


0.40 


- 


3.84 


3.81 


3-1/4% Note 


- 2/15/63-E 








1 953 V 


0.40 


- 


3.34 


3.81 


3-1/4% Certificate 


- 5/15/63-B 








1,301 A/' 


0.40 


- 


3.85 


3.81 


3-1/4% Note 


- 5/15/63-D 








[ 181 A/ 


1.00 


- 


3.98 


3.83 


4% Note 


- 5/15/63-B 








5,282 




















f 1.131 V 


- 


- 


3.-J2 


3.75 


2-5/8% Note 


- 2/15/63-A 


3-5/B? Bond 


- 11/15/67 


3/3C/.-)l 


< l,29o 4,' 


- 


- 


3 . 6. 


3.7"^ 


2-1/4% Bond 


- 6/15/59-62 








1 1,177 4' 
3,604 


' 


*J.3C 


3.57 


3.75 


2-1/4% Bond 


- 12/15/59-62 


i-7/t:% Bond 


- 5/15/68 


6/23/0O 


320 V 


- 


- 


3.88 


4.14 


2-1/2% Bond 


- 11/15/61 


1969 






r 




















J 620 V 


0.65 


- 


4.01 


4.02 


3-1/4% Certificate 


- 5/15/64-B 


3-7/S? Bond 


- 11/15/6S 


9/18/63 


( 194 kj' 


1.60 


- 


4.23 


4.02 


4-3/4% Note 


- 5/15/64-A 








\ 111 y 


0.95 


- 


4.08 


4.02 


3-3/4% Note 


- 5/15/64-D 










1,591 














1970 














287 


0.45 


- 


4.10 


4.06 


5% Note 


- 8/15/64-B 










250 


o.so 


- 


4.18 


4.06 


4-7/8% Note 


- 11/15/64-C 










635 


0.30 


- 


4.06 


4.06 


3-3/4% Note 


- 8/1 5/64 -E 










161 


0.45 


- 


4.10 


4.06 


3-3/4% Note 


- 11/15/64-F 


4S6 Bond 


- 10/1/69 5/ 


7/24/64 


< 399 L' 


0.50 


- 


4.11 


4.03 


3-7/8% Note 


- 5/1 5/6 5 -C 










179 4/ 


0.65 


- 


4.14 


4.08 


4% Note 


- 8/15/66-A 










942 4/ 


0.10 


- 


4.03 


4.09 


3-5/8% Note 


- 2/15/66-B 










294 4/ 


0.25 


- 


4.07 


4.08 


3-3/4% Bond 


- 5/15/66 










579 4/ 


- 


0.30 


3.96 


4.08 


3-5/8% Note 


- 2/1 5/67 -B 








3,726 




















r 674 


0.60 


- 


4.13 


4.16 


2-5/8% Bond 


- 2/15/65 










640 4/ 


0.45 


- 


4.10 


4.18 


3-1/2% Note 


- 11/15/65-B 










176 4/ 


0.90 


- 


4.21 


4.13 


4% Note 


- 11/1 5/6 5-E 


/,% Bond 


- 2/15/70 


1/19/65 




588 V 


0.40 


- 


4 . 1 "-' 


.; . 1 :' 


3-5/8% Note 


- 2/15/66-B 








< 379 4/ 


0.70 


- 


4.1'' 


4.13 


3-7/8% Note 


- 2/15/66-C 










300 4/ 


0.50 


- 


4.12 


4.13 


3-3/4% Bond 


- 5/15/66 










903 4/ 


0.05 


- 


4.05 


4.18 


3-3/4% Note 


- 8/1 5/67 -A 










724 4/ 


- 


0.30 


3.92 


4.17 


3-5/8% Bond 


- 11/15/67 








4,331 














1971 


























f 165 U 


1.65 


- 


4.2'T 


4.15 


5% Note 


- 8/15/64-B 








211 V 


1.85 


- 


4.33 


4.15 


4-7/8% Note 


- 11/15/64-C 


i,% Bond 


- 8/15/70 5/ 


1/29/64 


<) 694 4/ 


0.95 


- 


4.17 


4.16 


3-3/4% Note 


- 8/15/64-E 








N 273 ^ 


0.95 


- 


4.17 


4.16 


3-3/4% Note 


- 11/15/64-F 








221 Ij 


1.80 


- 


4.32 


4.16 


4-5/8% Note 


- 5/15/65-A 








L 654 4/ 


- 


0.25 


3.96 


4.15 


2-5/8% Bond 


- 2/15/65 


197^ 






2,223 














fif Bond 


- 8/15/71 


3/9/62 


/ 1.154- 




- 




... 1 1 


% Bond 


- 2/15/64 








I '•■''^ 








^.1- 


2-5/8% Bond 


- 2/15/65 








r 693 L' 


1.10 


_ 


4.03 


3.';)7 


3-1/2% Certificate - 


8/15/63-C 


3-7/3^ Bond 


- 11/15/71 i/ 


3/15/63 


1 94 4/ 

< 532 y 


0.90 
0.70 


- 


3! 97 


3.06 
3.97 


3-1/8% Certificate - 
2-1/2% Bond 


11/15/63-D 
8/15/63 








1 196 4/ 


0.70 


- 


3.97 


3.95 


3% Bond 


2/15/64 








1,515 














1'.'73 






3704/ 


0.70 


_ 


4.0M 


4.06 


3-1/2% Certificate - 


2/15/63-A 








259 4/ 


0.30 


- 


4.04 


4.05 


2-5/8% Note 


2/15/63-A 


4? Bond 


- 8/15/72 


9/20/62 


402 4/ 


0.60 


- 


4.07 


4.06 


3-1/4% Note 


2/15/63-E 








< 449 4/ 


0.60 


- 


4.07 


4.06 


3-1/4% Certificate - 


5/15/63-B 








720 4/ 


0.60 


- 


4.08 


4.05 


3-1/4% Note 


5/1 5/63 -D 








379 4/ 


1.20 


- 


4.1'' 


4.07 


4% Note 


5/15/63-B 








2,579 















Footnotes at end of table. 



46 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations - (Continued) 











Adjiistment 


payments 


















at issue ( 


Der $100 










Dsscription 


5f securities 


Date of 
financing 


Amount issued 
(In millions) 


of face va 


lue) 1/ 


Effective 
yield 2/ 


Investment 
yield y 


Eligible securitl 


es exchanged 




By 


To 












Treasury 


Treasury 










i^ 






^ 






















$500 4/ 


$1.15 


- 


4.14J, 


4.1 5J 


3-1/4^ Certificate 


- 5/15/64-B 










214 4/ 


2.10 


- 


4.26 


4.14 


4-3/4^ Note 


- 5/15/64-A 










782 4/ 


1.45 


- 


4.13 


4.14 


3-3/4^ Note 


- 5/15/64-D 


i!,% Bor.d - 


8/15/V3 


9/lS/o3 


1 


621 4/ 


1.15 


- 


4.16 


4.15 


3-3/4^ Bond 


- 5/15/66 








340 4/ 


1.80 


_ 


4.22 


4.15 


iS Note 


- 8/15/66-A 










721 4/ 


0.40 


- 


4.07 


4.1^ 


3-5/8^ Note 


- 2/15/67-B 










716 


0.70 




4.12 


4.14 


3-3/4? Note 


- 8/1 5/67 -A 






3,894 












362 


0.90 


. 


4.24 




% Note 


- 8/15/64-B 










232 


1.25 


- 


4.29 


4. --2 


4-7/8% Note 


- 11/1 5/64 -C 










344 


0.75 


. 


4.22 


4.22 


3-3/4? Note 


- 8/15/64-E 










213 


0.90 


- 


4.24 


4.22 


3-3/4? Note 


- U/15/64-F 


4-l/8f» Bond - 


11/15/73 


7/24/04 


< 


769 4/ 


0.'-'5 


- 


4.25 


4.23 


3-7/8? Note 


- 5/15/65-C 








^ 334 U 


1.10 


- 


4.27 


4.23 


4? Note 


- 8/15/66-A 










1,303 4/ 


0.55 


- 


4.20 


4.24 


3-5/8? Note 


- 2/15/66-B 










297 4/ 


0.70 


- 


4.23 


4. -'3 


3-3/4? Bond 


- 5/15/66 










503 4/ 


0.15 


- 


4.17 


4.23 


3-5/8? Note 


- 2/15/67-B 








4,357 




















4'-:'3 


0.65 


. 


4.21 


4.23 


2-5/8? Bond 


- 2/15/65 










416 4/ 


0.50 


- 


4.19 


4.24 


3-1/2? Note 


- 11/15/65-B 










140 4/ 


0.95 


- 


4.26 


4.24 


4? Note 


- 11/15/65-E 




2/15/7-4 






334 4/ 


0.45 


. 


4.19 


4.24 


3-5/8? Note 


- 2/15/66-B 


A-1/8% Bond - 


1/19/6S 


\ 400 A/ 


0.75 


- 


4.22 


4.2^4 


3-7/8? Note 


- 2/15/66-C 










147 4/ 


0.55 


- 


4.20 


4.24 


3-3/4? Bond 


- 5/15/66 










461 4/ 


0.10 


- 


4.16 


4.24 


3-3/4? Note 


- 8/1 5/67 -A 










739 4/' 


- 


$0.25 


4.08 


4.24 


3-5/8? Bond 


- 11/15/67 








3,130 














197? 






r ■ " I- i' 


_ 


. 


3.88 


3.97 


il Bond 


- 8/15/60 








136 V 


1.50 


- 


4.04 


3.98 


3-1/2? Note 


- 11/15/65-B 


3-7/8^ Bond - 


11/15/74 y 


3/15/63 


/I 314 V 


1.70 


- 


4.08 


3.98 


3-5/8? Note 


- 2/15/66-B 








\ 373 V 


0.90 


- 


3.97 


3.-:'7 


3-3/8? Bond 


- 11/15/66 








1,074 




















f 106 V 


0.75 


. 


4.30 


4.25 


5? Note 


- 8/15/64-B 








117 4/ 


0.95 


- 


4.32 


4.25 


4-7/8? Note 


- 11/15/64-C 


L,-\/lS Bond - 


5/15/75-85 5/ 


1/29/64 


239 V 
< 158 i/ 


0.05 
0.05 


- 


4.25 
4.25 


4.25 
4.25 


3-3/4? Note 
3-3/4? Note 


- 8/15/64-E 

- 11/1 5/64 -F 








76 Lj 


0.90 


- 


4.31 


4.25 


4-5/8? Note 


- 5/15/65-A 








53 4/ 
748 


' 


1.15 


4.17 


4.25 


2-5/8? Bond 


- 2/15/65 


1930 
























3/9/62 


563 ij 


- 


0.25 


3.98 


4.20 


2-5/8? Bond 


- 2/15/65 










17 4/ 


0.90 


_ 


4.07 


4.04 


3-1/2? Certificate 


- 8/1 5/63 -C 










2 4/ 


0.70 


- 


4.06 


4.04 


3-1/8? Certificate 


- 11/1 5/63 -D 


4/'! Bond - 


2/15/80 V 


* 3/15/63 




195 4/ 
420 4/ 


1.00 
1.20 


- 


4.08 
4.11 


4.04 
4.04 


3-1/2? Note 
3-5/8? Note 


- 11/15/65-B 

- 2/15/66-B 






{ 4"V 


0.50 


- 


4.04 


4.04 


2-1/2? Bond 


- 8/15/63 










24 V 


0.50 


- 


4.04 


4.03 


3? Bond 


- 2/15/64 










210 4/ 


- 


0.50 


3.96 


4.03 


3? Bond 


- 8/15/66 










213 4/' 


0.40 


- 


4.03 


4.03 


3-3/8? Bond 


- 11/15/66 






. 


1,131 














1981 




















3-l/?S Bond - 


11/15/80 5/ 


J 9/29/61 


r 1,035 V 

233 V 

1,273 


- 


2.25 
3.50 


3.34 
3.25 


4.16 

4.15 


2-1/2? Bond 
2-1/2? Bond 


- 3/15/65-70 

- 3/15/66-71 






L 10/3/60 


643 4/ 






3.5 ■ 




.'-I/.'? Bond 


- 6/15/62-67 



Footnotes at end of table. 



(Continued on following page) 



August 1967 



47 



PUBLIC DEBT OPERATIONS. 



Table 5. - Unmatured Marketable Securities Issued in Advance Refunding Operations - (Continued) 











Adjustment 


payments 


















at issue {per $100 










Descrlptior 


of securities 


Date of 

financing 


Amount Issued 
(In millions) 


of face value)!/ 


Effective 
yield 2/ 


Investment 
yield y 


Eligible securities exchanged 




By 


To 










Treasury 


Treasury 










1988 






^ 












~ 








$197 


$0.05 


- 


4.25? 


4.24? 


5? Note 


8/15/64-B 






^ 


118 


0.40 


«0.10 


4.28 


4.24 


4-7/8? Note 


11/15/64-C 










196 


- 


4.24 


4.24 


3-3/4? Note 


8/1 5/64 -E 








7/24/64 


, 145 
\ 188 4/ 


0.05 


- 


4.25 


4.24 


3-3/4? Note 


11/15/64-F 










0.10 


- 


4.26 


4.25 


3-7/8? Note 


5/1 5/6 5 -C 










151 V 


0.25 


- 


4.27 


4.25 


4? Note 


8/15/66-A 










148 U 


- 


0.30 


4.23 


4.25 


3-5/8? Note 


2/15/66-B 










21 4/ 


- 


0.15 


4.24 


4.25 


3-3/4? Bond 


5/15/66 










L 35 i/ 


- 


0.70 


4.22 


4.25 


3-5/8? Note 


2/1 5/67 -B 


L,-\/!S Bond 


- 8/15/87-92 y 


< 




1,198 






















641 


- 


0.25 


4.23 


4.24 


2-5/8? Bond 


2/15/65 










282 V 


- 


0.40 


4.23 


4.25 


3-1/2? Note 


11/15/65-B 










145 4/ 


0.05 


- 


4.26 


4.25 


4? Note 


11/15/65-E 








1/19/65 


; 144 4/ 

1 665 4/ 


- 


0.45 


4.22 


4.25 


3-5/8? Note 


2/15/66-B 










- 


0.15 


4.24 


4.25 


3-7/8? Note 


2/15/66-C 










116 4/ 


- 


0.35 


4.23 


4.25 


3-3/4? Bond 


5/15/66 






^ 


140 4/ 


- 


0.80 


4.21 


4.25 


3-3/4? Note 


8/15/67-A 








122 4/ 


- 


1.15 


4.18 


4.25 


3-5/8? Bond 


11/15/67 








2,254 














1989 


























r 375 V 


1.35 


- 


4.20 


4.21 


3-1/4? Certificate 


5/15/64-B 








126 4/ 


2.30 


- 


4.26 


4.20 


4-3/4? Note 


5/15/64-A 


4-1/8? Bond 


- 5/15/89-94 V 


9/18/63 


3174/ 
/ 1144/ 


1.65 
1.35 


- 


4.22 
4.21 


4.20 
4.21 


3-3/4? Note 
3-3/4? Bond 


5/15/64-D 
5/15/66 








105 4/ 


2.00 


- 


4.24 


4.21 


4? Note 


8/15/66-A 








91 4/ 


0.60 


- 


4.17 


4.21 


3-5/8? Note 


2/1 5/67 -B 








132 4/ 


0.90 


- 


4.20 


4.20 


3-3/4? Note 


8/15/67-A 








1,260 














1990 
























C q/?q/ftT 


r 722 4/ 


1.00 


- 


3.56 


4.23 


2-1/2? Bond 


- 3/15/65-70 










1^ 576 4/ 


- 


0.25 


3.49 


4.21 


2-1/2? Bond 


- 3/15/66-71 


3-1/2? Bond 


2/15/90 V 






1,298 


















\ 




f 233 V 


_ 


l.."'- 


3.43 


4.21 


2-1/2? Bond 


- 6/15/67-72 








3/16/62 


< 345 V 


- 


1.5*'' 


3.42 


4.21 


2-1/2? Bond 


- 9/15/67-72 










1 322 4/ 


- 


1.7;. 


3.40 


4.19 


2-1/2? Bond 


- 12/15/67-72 










900 




















, 10/3/60 


993 4/ 


- 


- 


3.50 


3.96 


2-1/2? Bond 


- 12/15/63-68 


1999 






/' 


















"" q/sQ/Al 


/ 495 4/ 


,,'.00 


- 


3.o0 


4.19 


2-1/2? Bend 


- 3/15/65-70 










\_ 692 A/ 
1,187 


1.00 




3.55 


4.19 


2-1/2? Bond 


- 3/15/66-71 


3-1/2? Bond 








r 181 4/ 


_ 


_ 


3.50 


4.19 


2-1/2? Bond 


- 6/15/67-72 


11/15/98 V 


^ 3/16/62 


420 4/ 


- 




3.49 


4.19 


2-1/2? Bond 


- 9/15/67-72 










L 333 4^ 


- 




3.48 


4.17 


2-1/2? Bond 


- 12/15/67-72 










933 




















10/3/60 


" 1,095 4/ 


- 


- 


3.50 


3.97 


2-1/2? Bond 


- 6/15/64-69 










1,248 V 


- 


- 


3.50 


3.99 


2-1/2? Bond 


- 12/15/64-69 






1 


2,343 















Does not include payments for accrued interest. 

The effective rate of interest on the new issue is the coupon rate 
adjusted for the amount paid by or to the Treasury as discount or 
premium on the new security exchanged for eligible securities 
originally issued at par. For eligible securities originally issu 
at prices other than par, the payment by or to the Treasury is 
applied to the price adjusted for the pro rata amortization of the 
original discount or premium to the date of the advance funding. 



Based on the mean of bid and asked prices of securities eligible for 

exchange (adjusted for payments on account of purchase price of 

securities issued) at noon on the day before announcement by the 

Treasury . 

Gain or loss on exchange deferred in accordance with Section 1037a o 

the Internal Revenue Code. 

Additional issue. 



48 



Treasury Bulletin 



.PUBLIC DEBT OPERATIONS. 



Table 6. 



Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations 



Description of securities 



( In millions) 



Average price 
per hundred 



Effective 

interest 

rate 



Eligible securities exchanged 



1968 

4-7/a/S Note 



4-7/8J Note 



3-7/8% Bond 



A-l/Ai Note 



1969 




A-l/A% 


Note 


iS 


Bond 


1970 




U% 


Bond 



1971 

% Note 



5-lA? Note 



3-7/8% Bond 



lt-3/lS Note 



i.-'iiiS 


Note 


1224 




4-lA? 


Bond 



8/15/67-E 
11/1 5/67 -F 

5/15/68 

5/15/63-B 

8/15/68-C 

2/15/69 
10/1/69 2/ 

11/15/70-A 
5/15/71-A 

11/15/71 2/ 

2/15/72-A 

5/15/72-B 
5/15/74 



2/15/66 
5/15/66 

8/1/61 
12/20/61 

2/15/67 

5/15/67 

8/13/65 
12/15/60 

1/2V62 

2/15/66 

8/15/66 
5/15/62 

12/15/62 

2/15/67 

5/15/67 

5/15/65 



2,117 


7 


n'n 


",13'' 



1,951 
39b 



l,88i 



l,ll4 

1,.:3'J 



4 


83o 




517 




584 






1,d87 




-I'i'S 




■ ?4 




''"'- 


1 


204 


a 


ii 






99.875 
99.875 
99.875 

99.85 
99.85 



99.375 
99.375 
99.375 
99.375 



99.50 
99.50 



99.875 
99.875 

99.875 



99.95 

100.05 



100 . 50 
100 . 50 



99.75 

100.25 
100.30 
100.45 
130.90 



100.10 
100.35 
100.55 



99.50 
99.50 
99.50 



99.50 
99.50 



99.625 
99.625 
99.625 



100.10 
99.70 

100.15 
99.80 



100.25 
100.25 



4.96% 
4.96 
4.96 


3-5/8't Note 
3-7/8% Note 
1-1/2% Note 


2/15/66-B 
2/15/66-C 
4/1/66-EA 


4.98 
4.98 


4% Note 
3-3/4% Bond 


5/15/66-D 
5/15/66 


3.98 
3.98 
3.98 
3.98 


3-1/8% Certificate - 
4% Note 
1-1/2% Note 
2-3/4% Bond 


8/1/61-C 

8/1/61-A 

10/1/61-EO 

9/15/61 


3.96 
3.96 


Series F & G savings 
2/ 


bonds 


4.85 
4.85 
4.85 


1/ 

3-5/8% Note 

4% Note 


2/15/67-B 
2/15/67-C 



4.29 
4.21 



3.93 
3.93 



4.04 

4-94 
4-93 
4.90 
4-79 



5.23 
5.17 
5.12 



3.94 
3.94 
3.94 



3.94 

3.94 



4.84 
4.84 
4.84 



4.73 
4.82 
4.72 
4.80 



4.22 
4.22 



4-1/4% Note 
2-1/2% Bond 



Series F & G savings bonds 
1/ 



5/15/67-D 
6/15/67 



8/13/65-D 



1/ 

4% Note - 5/15/66-D 

3-3/4% Bond - 5/15/66 

4% Note - 8/15/66-A 

3% Bond - 8/15/66 



4-3/4% Certificate - ll/l5/66-A 
4% Note - 11/15/66-E 
3-3/8% Bond - 11/15/66 



3% Certificate - 5/15/62-A 
4% Note - 5/15/62-E 
2-1/4% Bond - 6/15/62 



Series F & G savings bonds 

1/ 



1/ 

3-5/8% Note 

4% Note 



2-1/2% Bond 
5-1/4% Certificate • 
3-3/4% Note 
4-7/8% Note 



4-5/8% Note 
3-7/8% Note 



2/15/67-B 
2/15/67-C 



6/15/67 
8/15/67-A 
8/1 5/67 -A 
8/15/67-E 



5/15/65-A 
5/15/65-C 



Footnotes at end of table. 



( Continued on following page ) 



August 1967 



49 



PUBLIC DEBT OPERATIONS 



Table 6. - Unmatured Marketable Securities Issued at a Premium or Discount 
Other than Advance Refunding Operations - (Continued) 



Description of 


securities 


Date of 
financing 


Amount issued 
(in millions) 


Average price 
per hundred 


Effective 

interest 

rate 


Eligible securities exchanged 


1975 

3-7/8iS Bend 
1980 

Ui Bond 


11/15/74 2/ 
2/15/80 2,' 


11/15/61 

f 1/23/59 
\ 12/15/62 


$517 
884 


99.00 

99.00 
99.50 
99.50 


3.97 

4.07 
4.04 
4.04 


2-1/2% Bond - 11/15/61 

1/ 

Series F & G savings bonds 


1985 


•^ 34 


1/ 


3-lA* Bond 


5/15/85 


6/3/58 


1,135 


100.50 


3.22 


1/ 


19jg 














4-lA? Bond 


8/15/87-92 2/ 


8/15/62 


\_ 360 


101.00 
101.00 
101.00 


4.19 
4.19 
4.19 


i* Note - 8/15/62-B 
3-1/4* Note - 8/15/62-G 








365 






A% Bond 


2/15/S8-93 


1/17/63 


250 


99.85 


4.01 


1/ 


1989 














i-1/8% Bond 


5/15/89-94 


4/18/63 


300 


100.55 


4.09 


1/ 



1/ Issued for cash. 
2/ Additional issue. 
» Less than $500,000. 



50 



Treasury Bulletin 



PUBLIC DEBT OPERATIONS. 



Table 7. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 

Part A. - Other than Treasury Bills i/ 



U. S. Go 



other 
securi- 



estment 
accounts 
and 

Federal 
Reserve 
Banks 



clal 
hanks 



Indi- 
vidu- 



Mutual 
sav- 



Corpo- 

rations 

4/ 



Private 
pension 
and re- 
tirement 
funds 



State and loc 
governments ^ 



Other 
fund:^ 



All 
other 



8/13/V.5 

11/15/65 
1/19/66 

2/15/66 

5/15/66 

8/15/66 

lVi5/66 

2/15/67 

5/15/67 



Note 
i^A Bond 

A-l/i,% Note 

A-3/A% Cert. 

k-T/3% Note 
K% Note 



2/15/67-C 
2/15/69 7 

5/15/fc7-D 8/ 

11/15/66-A 

8/15/67-E 
11/15/70-A 



3,125 
1,652 



A-7/8t Note 11/15/67-F 



k-\/lS Cert. 

K-l/lS Note 

(5-5/8% Note 

|5-3/8% Note 

k-3/1,% Note 

U-3/i% Note 

k-\/U% Note 

\^-3/iS Note 



8/15/67-A 
5/15/71-A 



2/15/68-, 
11/15/71- 



5/15/68-B\ 
2/15/72-AJ 



8/15/68-C 

5/15/72-B 



1,702 
1,668 



1,951 
1,777 



•'.151 
l.'«i 



=',135 
S"19 



c,44Ap 
5,309p 



1,519 



'l,i30 



For detail of 



Source: Based on subscription and allotment ref 

offerings see Table i. 
1/ Excludes 1-1/2? Treasury notes issued in exchange to holders of 

marketable 2-3/lS Treasury bonds. Investment Series B-1975-80. 
2/ Includes trust companies and stock savings banks. 
y Includes partnerships and personal trust accounts. 
4/ Exclusive of banks and insurance companies. 
V Consists of trust, sinking, and Investment funds of State and Ic 

governments and their agencies. 



1,210 
1,11:, 



1,3'"'/. 
l,i''" 



1,670 
1,012 



1,212 

l,e:'.3 



47 

156 



1,?S 

lu 



27i 
10/. 



15i 
3i3 



2i9 
2"5 



371 
53 



1.1 
19; 



institutions, and 



6/ Includes savings and loan associations, nonprofit 
investments of foreign balances and international 
country. 

7/ Reopening of earlier issue. 

8,/ Offerings subject to allotment, were made for the purpose of paying 
off maturing securities in cash. Holders of the maturing securities 
uere not offered preemptive rights to exchange their holdings but 
were permitted to present them in payment or exchange, in whole or 
in part, for the new issues. 

* Less than S500,000. p Preliminary. 



\u^ust 1967 




















51 






PUBLIC DEBT OPERATIOh 
or Classes on Subscriptions 


IS 








Table 7. - Allc 


tments by Invest 


for Public Marke 


table Securities 






Part B. - Treasury Bills Other than Regular Weekly Series 










(In millions of dollars) 














Total amount issued 


AllotmPntE 


by investo 


- classes 












U. S. Gov- 










Date of 
financing 


Date of 
maturity 


Average 
rate 


One-year 
series 


9-month 


Tax antici- 
pation 
series 


Other 


investment 

accounts 

and 

Federal 

Reserve 

Banks 


Commer- 
cial 
banks 


Corpo- 
rations 
2/ 


Dealers 

and 

brokers 


All 
other 


7/31/65 


7/31/pb 


3. 875 


1,000 








160 


JQ-v, 


,7 


420 


90 


3/31/65 


8/3l/6t. 


4.006 


1,000 








189 


311 


14 


408 


78 


9/30/65 


9/30/66 


4.236 


1,000 








283 


339 


31 


264 


83 


10/11/65 


r 3/22/66 
^6/22/66 


3.783 
3.941 






3,009 

1,003 




: 


3,001 
1 , 301 


2 

1 


'- 


6 
1 


10/31/65 


10/31/66 


4.192 


1 , 000 








202 


314 


73 


281 


130 


11/2V65 


r/22/66 


4.075 






2,513 2/ 




- 


2,499 


5 


1 


8 


11/30/65 


11/30/66 


4.277 


1,001 








171 


453 


22 


256 


99 


12/31/65 


12/31/66 


4.731 


1,001 








63 


291 


3 


459 


130 


1/5/66 


6/22/66 


4.281 






1,007 2/ 




- 


995 


2 


1 


9 


1/31/66 


1/31/67 


4.699 


1,001 








192 


486 


40 


176 


107 


2/28/66 


2/28/67 


4.945 


1,000 








124 


314 


59 


352 


151 


3/31/66 


3/31/67 


4.739 


1,000 








75 


397 


29 


374 


125 


4/30/66 


4/30/67 


4.773 


1,001 








190 


332 


34 


302 


143 


5/31/66 


5/31/67 


4.966 


1,001 








198 


302 


30 


347 


124 


6/30/66 


6/30/67 


4.697 


1,001 








50 


383 


34 


406 


128 


7/31/66 


7/31/67 


4.964 


995 








265 


236 


17 


307 


170 


8/26/66 


r3/22/67 
)^4/2l/67 


5.338 
5.433 






2,006 
1,003 




- 


1,996 
1,000 


1 
1 


- 


9 
2 


8/31/66 


8/31/67 


5.844 


1,000 








350 


403 


2 


150 


95 


9/30/66 


r6/ 30/67 
\9/30/67 


5.808 
5 . 806 


900 


500 






80 

185 


235 
308 


5 

30 


158 
212 


22 
165 


10/18/66 


f4/2l/67 
\_6/22/67 


5.483 
5.536 






1,507 2/ 
2,007 




- 


1,498 
2,000 


5 


* 


4 

7 


10/31/66 


f7/31/67 
p/31/67 


5.567 
5.544 


905 


500 






107 

34 


221 
189 


12 

18 


149 
535 


11 
79 


11/25/66 


, ^ 


5.318 








1,202 


- 


1,196 


1 


- 


5 


1 11/30/66 


f 8/31/67 
5-1/30/67 


5.552 
5.519 


900 


501 






138 
277 


167 

243 


1 

7 


187 

275 


8 

98 


12/12/66 


6/22/67 


5.245 






801 2/ 




- 


179 


17 


603 


2 


12/31/66 


r 9/30/67 
)12/3l/67 


4.920 
4.320 


901 


500 






17 
231 


230 
238 


3 
45 


186 
217 


9 
170 


1/31/67 


riO/31/67 
\ 1/31/68 


4.656 
4.577 


901 


501 






151 
212 


157 
287 


7 
32 


181 
234 


5 

136 


2/28/67 


/11/30/67 
1^ 2/29/68 


4.718 
4.696 


901 


500 






128 

263 


227 
238 


8 


116 
307 


21 

91 


3/13/67 


6/22/67 


4.295 






2,707 1/ 




_ 


2 , 673 


1 




33 


3/31/67 


ri2/31/67 
l 3/31/68 


4.077 
4.074 


900 


500 






98 
159 


134 

223 


-,;| 


36b 


8 
127 


1 4/30/67 


f 1/31/68 
!_ 4/30/68 


3.843r 
3.833r 


902 


500, 






130 
193 


167 
315 


7 
7 


180 
244 


7 
143 


5/31/67 


f 2/29/68 
\ 5/31/68 


3.945 
3.934 


900 


500 






124 
233 


229 

317 


1 

4 


U3 
276 


3 

70 


6/30/67 


f 3/31/68 
\ 6/30/68 


4.723 
4.732 


1,001 


500 






162 
335 


U6 
324 


1 


134 
246 


7 
87 


7/11/67 


f 3/22/68 
4/22/68 

V 


4.361 
4.8Q8 






2,003 
2,001 




: 


2,000 
1,<'94 


2 


• 


1 
5 


7/31/67 


4/30/68 
V 7/31/68 


5.16^ 
5.150 


1,001 


500 






96 
277 


225 
232 


21 
28 


152 
332 


6 
132 


Source: Based on 


subscription a 


id allotment 


reports. Fc 


r detail of 


1 


/ Reopening o 


f earlier is 


sue.^ 









' offerings see Table 4. 

L/ Reopening of one-yea 

0/ Exclusive of banks and insurance companies 



Z^/ Offering consists of a "strip" of additional $400 millio 

bills maturing March 31, April 30, and May 31, 1967. 
» Less than $500,000. r Revised. 



52 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin I 



Table 8. - Disposition of Public Marketable Securities 
Other than Regular Weekly Treasury Bills 



Date or 
refunding 
or retire- 



Called or maturing 



AiDount 
out- 
standing 



Cash 
retir 



Exchange 
security 
offered 



hecults of 
■■hange offe 



escription of n-^u 
securities offered 
!See also Table i) 



7/31/65 

8/13/65 

8/31/65 
9/30/65 
10/1/65 
10/31/65 

11/15/65 

11/30/65 
12/31/65 
1/31/66 



}.6/M Bill 
3-7/8? Note 

3.688? Bill 

3.773? Bill 

1-1/2? Note 

3.790? Bill 

3-1/2? Note 
jS Note 



2/15/66 { 



3.972? Bill 
3.9/15? Bill 



;i-7''8;i Note 
1-1 :? Note 



Grand total. 



2/28/66 
3/22/66 
3/31/66 
4/1/66 
4/30/66 

5/15/66 

5/31/66 

6/22/66 

6/30/66 
7/31/66 



7/31/65 
8/13/65-D 

8/31/65 

9/30/65 

10/1/65-EO 

10/31/65 

11/15/65-B 
11/15/65-E 



11,30 'l^. 
12/31/b5 
l/31/6b 

2/15/66-B 
2/15/66-C 
i/l/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 



5/3l/b6 

6/22/66 
6/22/66 
6/22/66 

6/30/66 

7/31/66 

8/15/66-A 



11/15 'f.6-A 

11/15/66-E 

11/15/66 



8/4/64 
2/15/64 

8/31/64 
9/30/64 
10/1/60 
10/31/64 
11/15/62 
5/15/64 

11/10/64 
12/31/04 
l/31/'65 
5/15/62 

8/15/64 

4/1/61 



ll/15/'6i 
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 

10/11/65 
10/11/65 
10/11/65 

6/30/65 

7/31/65 

2/15/62 



1 19/'66 
2/15/65 
3/15/61 



1,000 
7,268 

1,000 
1,001 
315 
1,000 
1,617 
8,09^* 



:',716 



1 , 001 
1,003 
1,000 

2,195 



9,519 
1,688 

11,060 
1,0.4 

23,2'^1 

;:8,7'.? 
1,001 
3,009 
1,000 
151 
1,001 
8,289 

1,028 



1,003 
2,513 
1,007 

1,001 

1,000 



1,652 
2,254 
1,351 
5,757 



{In millions of dollars) 



1,000 
1,001 

315 
1,000 



7,268 



1,617 



1,001 2' 
1,003 1; 
1,000 3/ 



1,001 2' 
3,009 7 

1.000 2 
151 

1.001 2' 



1,001 2 

1,003 

2,513)7/ 

1,007) 

1,001 2'' 
1,000 2^ 



1 1 , OuO 
1,024 



8,280 
1,02? 



f 5,151 
1^ 1,S8A 



1,470 
1,456 



1,230 

.',625 
3-'4 



238 
121 



803 

380 



4-7/8? Note 
Note 

4-7/8? riote 
Note 

4-7/8? Note 
. 5? Note 



2/15/67-C 
2/15/69 ^ 



5/15/67-D 



- 8/15/t.?-r, 
11/15/70-A 

8/15/67-E 
11/15/70-A 

8/15/67-E 
11/15,'70-A 



2,117 of 4-7 8? Note 
.2,840 of 5? Note 



2,117 of 4-7/8? Note 
7,675 of 5? Note 



11/15/67-F 



(5-1/4? Cert. 
[5-1/5? Note 

(5-1/5? Cert. 
I 5-1/5? Note 



8/15/67-A 
5/15/71-A 

8/15/67-A 
5/15/71-A 



r5,°19 of 5-1/5? Cert. 
2,578 of 5-1/4? Note 



5/15/71-A 



-1/4? 



Footnotes at end of table 



{Continued on following page) 



August 1967 



PUBLIC DEBT OPERATIONS 



Table 8. - Disposition of Public Marketable Securities 
Other than Regular Weekly Treasury Bills - (Continued) 



53 



Date of 
refunding 
or retire- 
ment 



maturing securities 1/ 



Amount 
out- 



Disposition offe 
by Treasury 



Cash 


Exchange 


retire- 


security 


ment 


offered 



Results of ex- 
change offers 



changed 



Turned 
in for 
cash 2/ 



Description of neu 
securities offered 
(See also Table A) 



8/31/66 
9/30/66 
10/1/66 
10/31/66 



11/15/66 

11/30/66 
12/31/66 
1/31/67 

1/30/67 

2/28/67 
3/22/67 

3/31/67 
4/1/67 

4/21/67 

4/30/67 



4.006$ Bill 
4.236$ Bill 
1-1/2$ Note 
4.192$ Bill 

3-3/8$ Bond 

4$ Note 

4-3/4$ Cert. 

Total 



4.277$ Bill 
4.731$ Bill 
4.699$ Bill 

'3-5/8$ Note 



Note 



Total . 



4.845$ Bill 

5.338$ Bill 

4.739$ Bill 

1-1/2$ Note 

^5.433$ Bill 
^5.483$ Bill 

4.773$ Bill 
^4-1/4$ Note 

2-1/2$ Bond 
iTotal 



5/15/67/ 



5/31/67 
6/15/67 



6/22/67 



5-1/4$ Cert. 
3-3/4$ Note 
4-7/8$ Note 

I^Total 

Grand total. 
4.966$ Bill 
2-1/2$ Bond 

'5.586$ Bill 
5.245$ Bill 
4.295$ Bill 



8/31/66 

9/30/66 

10/1/66-EO 

10/31/66 

11/15/66 

11/15/66-E 

11/15/66-A 



11/30/66 
12/31/66 
1/31/67 

2/15/67-B 

2/15/67-C 



2/28/67 

3/22/67 

3/31/67 

4/1/67-EA 

4/21/67 
4/21/67 

4/30/67 

5/15/67-D 

6/15/67 



8/15/67-A 
8/15/67-A 
8/15/67-E 



5/31/67 
6/15/67 
6/22/67 
6/22/67 
6/22/67 



ootnotes at end of table. 



8/31/65 
9/30/65 
10/1/61 
10/31/65 
3/15/61 
2/15/65 
1/19/66 

11/30/65 
12/31/65 
1/31/66 

3/15/63 

8/13/65 

2/28/66 

8/26/66 

3/31/66 

4/1/62 

8/26/66 
8/26/66 

4/30/66 

11/15/65 

5/5/42 

8/15/66 
Q/15/62 
2/l':/66 



5/31/60 
5/5/42 
10/18/66 
10/18/66 
10/18/66 



1,000 

1,000 

357 

1,000 

1,264 

1,672 

1,135 



4,071 



1,001 
1,001 
1,001 

2,358 

5,151 



5 OP. 



1,000 
2,006 

1,000 

270 

1,003 
1,507 

1,001 
9,748 
1,429 



11,177 



5,919 
2,929 
2,117 



10,966 



22,143 



1,001 
344 

2,007 
801 

2,707 



1,000 2/ 

1,000 8/ 

357 

1,000 8/ 



1,264 

1 

1,672 

I 

1,135 



1,001 8,/ 
1,001 8/ 
1,001 8,'' 

2,358 
I 

5,151 



7,508 11/ 



1,000 8/ 

2,006 7/ 

1.000 8/ 

270 

l,003l _/ 
1,507( -^ 

1.001 8/ 



9,748 
1,429 



11,177 

5,°1Q 
2,'J2q 
2,117 



10,Qbb 



3,240 
174 



5,804p 
3,506p 



446p 



308p 
836p 
213p 




3,072 10/ 



5-5/8$ Note 
5-3/8$ Note 

5-5/8$ Note 
5-3/8$ Note 

"5-5/8$ Note 
5-3/8$ Note 

932 of 5-5/8$ Note 
66 of 5-3/8$ Note 



2/15/68-A 
11/15/71-B 

2/15/68-A 
11/15/71-B 

2/15/68-A 
11/15/71-B 



1,907 
1,737 



3,644 12/ 



4-3/4$ Note 
4-3/4$ Note 
4-3/4$ Note 
4-3/4$ Note 
3,636 of 4-3/4$ Note-B 
228 of 4-3/4$ Note-A 



5/15/68-B 
2/15/72-A 

5/15/68-B 
2/15/72-A 



438p 
344P 



[4-1/4$ Note 
14-3/4$ Note 

(4-1/4$ Note 
14-3/4$ Note 



8/15/68-C 
5/15/72-B 

8/15/68-C 
5/15/72-B 



782p 



[ 6,444p of 4-1/4$ Note 
l.3,952p of 4-3/4$ Note 



> 4-3/4$ Note 



5/15/72-B 



'^6,444p of 4-1/4$ Note 
5,309p of 4-3/4? Note 



(Continued on following page) 



54 



PUBLIC DEBT OPERATIONS. 



Treasury Bulletin 



Table 8. - Disposition of Public Marketable Securities 
Other than Regular Weekly Bills - (Continued) 



Date of 


Called or maturing securities 1/ 


Disposition offers 
by Treasury 


Result. 


of ex- 




refunding 


Description 


Issue 
date 


Amount 
out- 
standing 




securities offered 
(See also Table 4) 


or retire- 
ment 


Cash 
retire- 
ment 


Exchange 
security 

offered 


Ex- 
changed 


Turned 

in for 
cash 2/ 


6/30/67 
7/31/67 

8/15/67 


(a.(>97% Bill - 6/30/67 
1^5.808? Bill - 6/30/67 

fA.9bA% Bill - 7/31/67 
^5.567^ Bill - 7/31/67 

Ci-l/lA Cert. - 8/15/67-A 

, 3-3/a Note - 8/15/67-A 

4-7/8% Note - 8/15/67-E 

Total 


6/30/66 
6/30/66 

7/31/66 
7/31/66 

8/15/66 

9/15/62 

2/15/66 


1,001 
500 

995 
500 

5,610 

2,094 

1,904 

9,608 


(In millions 
l,00l\„, 
5O0J2/ 

500J^ 

5,610 

1 
2,094 

1 
1,904 


of dollars 

4,621p 

42 Op 

l,322p 


°89p 

l,674p 

582p 


\ 5-1/456 Note - 11/15/68-D 




9,608 IJ/ 


6,363p 


3,245p 14/ 













Debt. 



ights to 
in payment 
offering of 



Source: Daily Treasury statement; Bureau of the 

1/ Original call and maturity dates are used. 

2/ All by investors other than Federal Reserve banks. 

2/ Rolled over into a one-year bill (see Table 4). 

^ Reopening of an earlier issue. 

^ Holders of the maturing notes were not offered preemptive 
exchange their holdings, but were permitted to present the 
or exchange, in whole or in part, for the $9,700 milli 
t,-\/lS notes. For detail of offering, see Table 4. 

6/ Excess of maturing 3-1/2J notes and L,% notes over allotments of new 

securities paid for with those notes (see Table 4, footnotes 10 and 11). 
Tax anticipation issue; for detail of offerings beginning 1966, see 
Table 4; for amounts redeemed for taxes and for cash see "Note" below. 
Rolled over into 9-month and one-year bills under new program 
beginning September 30, 1966 (see Table 4). 

Holders of maturing bonds, notes and certificates were not offered 
preemptive rights to exchange their holdings, but were permitted to 
present them in pajrment or exchange, in whole or in part, for the 
5-5/8? notes offered in the amount of about $2,500 million or the 
5-3/8? notes offered in the amount of about $1,600 million. For detail 
of offering, see Table 4. 
10/ Excess of maturing 3-3/8? bonds, 4? notes and 4-3/4? certificates over 



2/ 



2/ 



allotments of new securities paid for with thos 
certificates (see Table 4, footnotes 16 and 17). 
11/ Holders of the maturing notes were not offered preemptive 
exchange their holdings, but were permitted to present th' 
ment or exchange, in whole or in part, for the 4-3/4? noti 
B-1968 offered in the amount of about $5,500 million or the 4-3/4? 
note of Series A-1972 offered in the amount of about $2,000 
For detail of offering, see Table 4. 



bonds, notes, and 



ghts to 
in pay- 
of Serie 



12/ Excess of maturing 3-5/8? notes and 4? notes over allotments of new 

securities paid for with those notes (see Table 4, footnotes 20 and 21). 

13/ Holders of the maturing certificates and notes were not offered preemp- 
tive rights to exchange their holdings, but were permitted to present 
them in payment or exchange, in whole or in part, for the 5-1/4? notes 
offered in the amount of $9.6 billion. For detail of offering see 
Table 4. 

14/ Excess of maturing securities over allotments of new notes paid for 
with the maturing securities (see Table 4, footnotes 23 and 24). 
p Preliminary. 



Note: Information 
in footnote 



on ret 



t of tax anti 
n of dollars: 



ipation issue 



red to 



Date of 
retirement 



3/22/66 
6/22/66 
6/22/66 
6/22/66 
3/22/67 
4/21/67 
4/21/67 
6/22/67 
6/22/67 
6/22/67 



Bill 
Bill 
Bill 
Bill 
Bill 
Bill 
Bill 
Bill 
Bill 
Bill 



Total 

amount 

retired 



3,00Q 
1,003 
2,513 
1,007 
2,006 
1,003 
1,507 
2,007 
801 
2,707 



Redeemed 

for 

taxes 



2,157 

2,525 

1,124 
7Q0 

2,061 



Redeemed 
for 



852 
1,997 



1,720 
3,453 



August 1967 



55 



PUBLIC DEBT OPERATIONS 



Table 9. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries 















Amount 


Month of 


Securities 


Issue 


Maturity 


Interest 






activity 


date 


date 


rate 


Issued 


Retired 


rotal outstanding 
















3nd of month 










(Percent) 


(In 


millions of dollars) 




f 


■i 6/8/65 


7/1/65 


3.95 


_ 


100 






Certificates of indeltedness 


9/8/65 


3.80 


- 


18 








• i/6/64 
7/6/65 


7/6/65 


4.03 


_ 


125 






Notes 


10/6/66 


3.97 


125 


- 








■ 5/25/65 


8/25/65 


3.90 


. 


100 




1965-July 




4/12/65 


7/12/65 


3.75 


- 


5 


919 






6/22/65 


9/22/65 


3.75 


- 


25 






Certificates of Indebtedness 


6/30/65 
■ 7/22/65 


9/30/65 
9/30/65 


2.00 
2.00 


35 


180 








7/30/65 


11/1/65 


2.00 


250 


- 








6/30/65 


10/29/65 


3.75 


- 


20 








5/18/65 


8/18/65 


3.90 


- 


50 






*- 


' 6/30/65 


9/30/65 


2.00 


_ 


95 








7/22/65 


9/30/65 


2.00 


- 


35 








7/30/65 


10/29/65 


2.00 


- 


250 








8/10/65 


11/10/65 


3.75 


40 


- 




August. . 


Certificates of indebtedness 


8/11/65 
8/2i/65 


11/12/65 
11/24/65 


3.85 
3.75 


25 
10 


- 


864 






8/25/65 


11/26/65 


3.85 


40 


- 








8/27/65 


11/26/65 


3.85 


150 


- 








8/27/65 


11/26/65 


3.85 


2 


- 








8/30/65 


11/26/65 


3.85 


58 


- 








8/27/65 


11/26/65 


3.85 


- 


10 




Sept.... 


Certificates of indebtedness 


. 6/30/65 


9/30/65 


3.784 


- 


135 


. 1,044 






9/30/65 


12/30/65 


3.983 


325 


- 






r 


' 7/12/63 
■_ 10/12/65 


10/12/65 


3.63 


- 




- 


Oct 


Notes 


1/12/68 


4.26 


25 


- 


1,034 




Certificates of indebtedness 


8/2i/65 


11/24/65 


;1.75 


- 


10 


. 




' Bonds 


9/16/64 


11/1/65 


4.00 


- 


30 


>. 






8/10/65 
11/10/65 


11/10/65 


3.75 


_ 


40 






Certificates of indebtedness 


2/10/66 


3.75 


40 


- 






Notes 


11/12/65 


5/13/68 


4.30 


75 


- 








' 11/12/65 


2/14/66 


3.75 


10 


- 








8/11/65 


11/12/65 


3.85 


- 


25 




Nov 




11/12/65 


2/14/66 


4.05 


25 


- 


■ 1,164 






8/25/65 


11/ 26/65 


3.85 


- 


40 






Certificates of indebtedness 


8/27/65 
8/30/65 


11/26/65 
11/26/65 


3.85 
3.85 


" 


2 

58 








11/26/65 


2/28/66 


4.10 


100 


- 








8/27/65 


11/26/65 


3.85 


- 


140 








11/26/65 


1/28/66 


4.05 


140 


- 






. 


^ 11/30/65 


2/28/66 


4.15 


75 


- 


. 






r 11/30/65 


2/28/66 


4.15 


_ 


75 








12/10/65 


1/4/66 


4.35 


10 


- 






Certificates of indebtedness 


( 11/10/65 


2/10/66 


3.75 


- 


15 








6/22/65 


12/22/65 


3.875 


- 


50 




1,^,. 


I 


I, 12/22/65 


6/22/66 


4.375 


50 


- 


1 1,144 




) Notes 


12/23/65 


6/23/70 


/i.66 


85 


- 








r 11/12/65 


2/14/66 


4-05 


- 


25 






^ Certificates of indebtedness 


9/30/65 


12/30/65 


3.983 


- 


325 








L 12/30/65 


3/30/66 


4.457 


325 


- 


- 






r 12/10/65 


1/4/66 


4.35 


- 


10 


1 






11/10/65 


2/10/66 


3.75 


- 


25 




1966-Jan 


Certificates of indebtedness 


< 11/12/65 


2/14/66 


3.75 


- 


10 


) 1,099 






11/26/65 


1/28/66 


4-05 


- 


uo 








L 1/28/66 


i/28/66 


4.60 


140 


- 


J 


Fel. 


Certificates of Indebtedness 


11/26/65 


2/28/66 


4.10 


- 


100 


999 




r Notes 


11/12/65 


5/13/68 


4.30 


- 


* 


1 






r 12/30/65 


3/30/66 


4.457 


- 


325 


) 1,039 


Mar 


/ Certificates of Indebtedness 


j^ 3/30/65 


6/30/66 


4.555 


325 


- 


J 




Notes 


3/31/66 


12/31/68 


4.86 


40 










(Cc 


ntinued on folloui 


ng page) 









56 



Treasury Bulletin 



.PUBLIC DEBT OPERATIONS. 



Table 9. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries - (Continued) 

(Payable in U. 3. Dollar- ) 



Month of 
activity 



Matui-ity 
date 



Total outstandi 
end of month 



Cert.lficates of indebtedness 
J Notes 
[^Certificates of indehtedness 

Certificates of Indebtedness 

Notes 

Certificstes of indebtedness 



Certificates of Indebtednes 



Certificates of indebtednes 



Certificates of indebtedness 



[Notes 

Certificates of indebtedn 



I Certificates of indebtednes 



Certificates of indebtedness 
Notes 



Certificates of indebtedn 



Certificates of indebtedness 



I V29/6b 
11/12/65 

5/31/66 
J/30/66 

11/12/65 
6/17/66 
6/20/66 

12/22/65 
6/22/66 
6/30/66 
6/17/66 
6/20/66 
V29/66 
5/31/66 
6/30/66 
7/20/66 
7/21/66 
7/22/66 
7/22/66 

8/1/66 

S/l/66 

S/2/66 

7/22/66 



illions of dollar: ) 



8/16/66 
7/20/66 
8/31/66 

9/2/66 

8/1/66 

8/16/66 

7/21/66 

8/31/66 

9/28/66 

9/29/66 

9/30/66 

f' 7/6/65 

■[11/12/65 

r 7/22/66 
[10/21/66 



9/16/6i 

9/28/66 
9/2/66 



11/7/66 

f 9/2/66 
[ 12/2/66 

11/12/65 

ri2/l9/66 

12/21/66 

6/22/66 

12/22/66 

/ 1^/23/66 

12/27/66 

9/29/66 

12/29/66 

10/21/66 

_ 9/30/66 

f 12/2/66 
12/19/66 
12/21/66 
12/23/66 
10/21/66 
12/27/66 
11/7/66 



7/29/66 
5/13/68 
8/31/66 

6/30/66 

5/13/68 

9/16/66 
9/16/66 
6/22/66 
12/22/66 
9/30/66 



9/16/66 
7/29/66 
8/31/60 
9/30/66 
10/20/66 
10/21/66 
10/21/66 
10/21/66 

11/2/66 

11/1/66 

11/2/66 

10/21/66 

11/7/66 

11/16/66 

10/20/66 

11/30/66 

12/2/66 

11/2/66 
ll/'l6/66 
10/21/66 
11/30/66 
12/28/66 
12/29/66 
12/30/66 
10/6/66 
5/13/68 

10/21/66 
1/23/67 



11/1/66 

12/28/66 
12/2/66 
11/7/66 
2/7/67 

12/2/66 

3/2/67 



J/'?0/i-,7 
3/21/b7 

12/22, '66 
6/22/67 
3/23/67 
3/28/67 

12/29/66 
3/29;'67 
1/23/67 

12/30/66 
3/2/67 
3/20/67 
3/21/67 
3/23/67 
1/23/67 
3/28/67 
2/7/67 



i.33 

i.575 

4.575 

4.375 

4. 5"! 

4.i5 

4.5V 5 

4.575 

4.65 

4.65 

4.45 

5.00 

5.00 

5.UU 

5.00 

4.75 
4.32 
4.85 
5.00 
4.85 
4.75 
5.00 
5.10 

5.10 
4.75 
4.75 
5.00 
5.10 
5.50 
5.50 
5.47 
3.°? 
4.30 



4.125 
5.50 



5.10 
5.20 



5.05 
4.85 
4.50 
4.95 
4.85 
4.75 
5.50 
4-75 
5.45 
5.47 

5.20 
5.05 
4.85 
4.85 
5.45 
4.75 



100 
25 



50 
100 



100 
100 



(Continued 



August 1967 



PUBLIC DEBT OPERATIONS 



57 



Table 9. - Foreign Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries - (Continued) 



Month or 










Maturity 


Interest 


Araount 




securities 










activity 




date 


date 


rate 


Issued 


Retired 


Total outstanding 
end of month 


1967- 


■ortifictJtes of injr I tein.-js 






(Percent) 


(It 


millions of dollars) 

25 403 


N)ar.. . 


Motes 


11/12/65 


5/13/68 


4.30 


- 


1 


402 


Apr... 


Notes 


11/12/65 


5/13/68 


4.30 


- 


=> 


402 


May... 


Notes 


11/12/65 


5/13/68 


4.30 


- 


3 


399 




Notes 


11/12/65 


5/13/68 


4.30 


- 


» 


" 


June.. 


/ 


fl2/22/66 


6/22/67 


4.95 


. 


50 


1 624 




Certificates of indebtedness 


) 6/22/67 


12/22/67 


3.?5 


50 


- 








) 6/28/67 


9/27/67 


3.50 


100 


- 






^ 


V 6/30/67 


9/29/67 


3.50 


125 


- 








Notes 


11/12/65 


5/13/68 


4.30 


- 















'6/28/67 


9/27/67 


3.50 


_ 


90 












7/25/67 


10/25/67 


4.45 


150 


- 












7/26/67 


9/27/67 


3.50 


13 


_ 




July.. 


I 




7/26/67 


10/26/67 


4.45 


5 


- 


> 894 




7/26/67 


10/26/67 


4.45 


10 


_ 






Certificates of indebtedness 


{ 7/27/67 


10/27/67 


4.45 


20 


. 












7/28/67 


9/27/67 


3.50 


60 


- 












7/31/67 


10/30/67 


4.45 


75 


- 












7/31/67 


9/27/67 


3.50 


17 


- 






V. 




7/31/67 


10/31/67 


4.45 


10 


- 


■^ 



Source: Daily 
» Less than J 



Treasury state 
;500,000. 



covers transacti 



from July 1, 1965 through July 31, 196' 



58 



.PUBLIC DEBT OPERATIONS 



Treasury Bulletin 



Table 10. - Foreign Currency Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries 

















Amount 


















Dollar equivalent) 




Month of 

activity 


Securities 


Payable 
in — 


Issue 

date 


Maturity 
date 


Interest 
rate 


Issued 


Retired 


Total outstandl 
end of month 


m 












, :■ .- :-:, , 




In millions of dollars) 










' 


r 3/9/65 


7/9/65 


3.71 


_ 


28 


- 










Swiss francs 


J 7/q/65 
\ 7/30/65 


11/9/66 
10/31/66 


3.93 
3.95 


28 
23 


- 






19i:.5-July... 


Bonds 






r 7/11/63 


7/11/65 


3.55 


_ 


25 


• 1 , 259 










German marks 


J UfZUfbK 


7/26/65 


3.93 


_ 


50 












\ 7/26/65 


9/1/66 


3.97 


50 


- 












Italian lire 


7/30/65 


1/30/67 


4.03 


125 


- 


, 








rg,,,-i„ r„„^. 


r -'"-'^ 






- 


~- 


1 




Aug. . . . 


Bonds 


GerriBn marks 






- 


69 


50 


1 ^■■■■' 








/ Su'iss francs 


[ ?''^ 






52 


52 






S-'pL. .. 


Bonds 


I 


\u- 




:..', 


30 


30 


> ^"''" 




Oct. . . . 


Bond; 


Swiss francs 


l/\/u 


10/1/65 


3.81 




.., 


>| 






■ Certificates of indebtedness 


Suiss francs 


l/li/66 i 


/ 1/3/67 


4.30 


22 




1,208 






^Bonds 


German marks 


4/1/64 


10/1/65- 


4.04 




50 






Nov 


foonds 


German marks 


4/1/64 


11/1/65 


4.05 




■^n 


< 






1 Certificates of indebtedness 


German marks 


1/14/66 1 


' 11/1/66 


4.33 


50 


'"- 


1,208 
J 






'Bonds 


German marks 


4/1/64 


12/1 /6<; 


4.06 




^,-1 






Dec 


Certificates of indebtedness 


German marks 


1/14/66 1/ 


' 12/1/66 


4.38 


50 


' ^ 








Bonds 


Swiss francs 


10/30/64 


1 2/31/65 


3.87 






: , r.08 






Certificates of Indebtedness 
v.. 


Swiss francs 


1/14/66 1/ 


' 1/13/ hi 


4.85 


30 


_ 








Bonds 


German marks 


4/1/64 


1/1/66 


4.07 




-71 


' 






Certificates of indebtedness 


German marks 


1/14/6.' 


l/;/67 


4.90 


50 








1 '''-(.-.Jar, 


■ Bonds 


Swiss francs 


8/25/65 


11/25/66 


3.95 




rO 


1 , 207 






Bonds 


Suiss francs 


7/30/65 


10/31/66 


3.95 


_ 










Certificates of indebtedness 
v. 


Swiss francs 


1/26/66 


4/26/66 


4.35 


93 


- 








Bonds 


German marks 


7/1/64 


2/1/66 


3.83 




50 






Feb 


. Bonds 


Swiss francs 


9/4/64 


2/4/66 


3.87 


_ 


23 


1,157 






Certificates of indebtedness 


Swiss francs 


2/4/66 


2/3/67 


4.84 


23 








Kar 


Bonds 


German marks 


7/1/64 


3/1/66 


3.84 


- 


■:; 


1,107 






"" 


German marks 


7/1/64 


4/1/66 


3.85 




en 








Bond."; 


. Austrian 


10/26/64 


4/26/66 


3 . 9 J 










Apr.... 


. 


schillings 












:,'-i3i 






Certificates of indebtedness 


C Swiss francs 


1/26/66 


4/26/66 


4.35 




Q^ 








. 


1 Swiss francs 


4/26/66 


10/20/66 


4.80 


93 


1 








Bonds 


German marks 


7 '24 '64 


5 '2/66 


3.77 




'U 






May 


• Certificates of indebtedness 


German marks 


5/2/66 


5 '2Ai7 


4.87 


50 




1 , 007 






Bonds 


Swiss francs 


11/16/64 


5 'Ih />-.!, 


3.92 




.-^ 






Junn... 


Bonds 


German marks 


13/30/64 


6/1/66 


3.93 


_ 


V, 


957 






Bonds 


Swiss francs 


1/1/65 


7/1/66 


3.99 


- 


js 








Certificates of indebtedness 


Swiss francs 


7/1/oh 


6/30/67 


4.99 


25 








July... 


Bonds 


German marks 


11/16/64 


7/1/66 


3.93 




50 






' Bonds 


Swiss francs 


4/20/65 


7/20/66 


4.02 


_ 


23 


384 






Certificates of Indebtedness 


r Swiss francs 


4/26/66 


10/26/66 


4.80 


- 












J^ Swiss francs 


7/26/b.-, 


1/26/67 


5.00 


93 


- 








Bonds 


German marks 


2/15/65 


8/1 /66 


4.94 












Certificates of indebtedness 


German marks 


8/1/60 






50 








Aug 


Bonds 


Austrian 


2/23/65 










384 








schillings 
















Certificates of indebtedness 


Austrian 


8/23/66 
















. 


schillings 


















Bonds 


German marks 


1/?'- Vc 


9/1 '66 


3.97 




t 


\ 




Sept 


Certificates of indebtedness 


German marks 


9/1/66 


9/1/67 


5.75 


50 










Ron is 


Austrian 


3/3''6f 


9/6/66 


4.11 






"' ' 






-■ 


s..-hilllnFs 

















August 1967 



59 



.PUBLIC DEBT OPERATIONS. 



Table 10. - Foreign Currency Series Securities (Nonmarketable) 
Issued to Official Institutions of Foreign Countries - (Continued) 





Securities 


Payable 


Issue 
date 


Maturity 
date 


Interest 
rate 


Amount 
(Dollar equivalent) 


activity 


Issued 


Retired 


Total outstanding 
end of month 












(Percent) 


(In 


millions 


of dollars) 


1966-Oct 


fBonds 

1 Certificates of indebtedness 
( Bonds 

Certificates of indebtedness 


German marks 
German marks 
Swiss francs 
Swiss francs 


8/28/65 
10/3/66 
9/7/65 
10/7/66 


10/3/66 
10/3/67 
10/7/66 
10/6/67 


4.07 
5.60 
4.10 
5.54 


50 
52 


50 
52 


\ 859 


Nov 


fcertificates of indebtedness 

/ Bonds 

1 Certificates of indebtedness 
[Notes 


1 German marks 

\^ German marks 

Swiss francs 

Swiss francs 

Swiss francs 


1/1V66 
11/1/66 
7/9/65 
11/9/66 
11/16/66 


11/1/66 
11/1/67 
11/9/66 
11/9/67 
11/17/67 


4.33 
5.48 
3.98 
5.56 
5.58 


50 

28 
28 


50 

28 
28 


> 859 




'certificates of indebtedness 


German marks 


l/U/66 


12/1/66 


4.38 


- 


50 


> 




Notes 


German marks 


12/1/66 


12/2/68 


5.44 


50 


- 








Certificates of indebtedness 


f Swiss francs 
1 Swiss francs 


l/U/66 
2/4/66 


1/13/67 
2/3/67 


4.85 
4.84 


: 


30 
23 






Dec 


< Notes 


Swiss francs 
Swiss francs 


12/9/66 
12/9/66 


12/11/67 
1/9/68 


5.39 
5.42 


23 

30 


_ 




> 860 




Bonds 


Austrian 

schillings 


6/11/65 


12/12/66 


4.04 


- 


25 








Notes 


Austrian 
schillings 


12/12/66 


6/12/68 


5.47 


25 


- 


- 






'Certificates of Indebtedness 
Notes 
Certificates of indebtedness 

Notes 


German marks 
German marks 
Swiss francs 
Swiss francs 


l/li/66 
1/3/67 

l/li/66 
1/3/67 


1/3/67 
11/1/68 
1/3/67 
4/3/68 


4.90 
4.87 
4.30 
4.93 


50 
22 


50 
22 






1967- Jan 


/ Certificates of indebtedness 


r Swiss francs 
\ Swiss francs 


7/26/66 
1/26/67 


1/26/67 
4/26/67 


5.00 
4.74 


92 


93 




> 860 




Bonds 
Notes 
Bonds 
^Notes 


Swiss francs 
Swiss francs 
Italian lire 
Italian lire 


9/27/65 
1/27/67 
7/30/65 
1/30/67 


1/27/67 
5/27/68 
1/30/67 
7/30/68 


4.23 
4.65 
4.03 
4.57 


30 
125 


30 
125 






Apr 


Certificates of indebtedness 


r Swiss francs 
Swiss francs 


1/26/67 
4/26/67 


4/26/67 
7/26/67 


4.74 
4.00 


130 


92 


J 


897 


Hay 


'Certificates of indebtedness 
Notes 
Certificates of indebtedness 


German marks 
German marks 
Swiss francs 


5/2/66 
5/2/67 
5/10/67 


5/2/67 
1/2/69 
7/26/67 


4.87 
4.27 
3.875 


50 
23 


50 


> 890 




Bonds 


f Belgian francs 
Y Belgian francs 


5/16/65 
5/20/65 


5/16/67 
5/22/67 


4.08 
4.09 


- 


20 

10 




June. . . . 


fcertificates of indebtedness 
y Notes 


Swiss francs 
Swiss francs 


7/1/66 
6/30/67 


6/30/67 
9/30/68 


4.99 
4.83 


25 


25 


1 890 




'Notes 


German marks 


7/3/67 


1/3/72 


5.28 


125 


- 


] 


July.... 


< Certificates of indebtedness 


r Swiss francs 
( Swiss francs 
L Swiss francs 


4/26/67 
5/10/67 
7/26/67 


7/26/67 
7/26/67 
10/26/67 


4.00 
3.875 
4.1875 


153 


130 
23 


\ 1,016 



Source: Daily Treasiiry statement. Information in this table 
1/ Issued in exchange for securities which carried maturities 



ns from July 1, 1^65 through July 31, 1967. 
year at time of issue. 



60 



.UNITED STATES SAVINGS BONDS. 



Treasury Bulletin « 



Series E and H are the only savings bonds currently- 
being sold. Series E has been on sale since May 1, 19^1, 
and Series H has been on sale since June 1, 1952. Series 
A-D were sold from March 1, 1935, through April 30, 19/tl . 
Series F and G were sold from May 1, ig^il, through April 



30, 1952. Series J and K were sold from May 1, 1952, through 
April 30, 1957. Details of the principal changes in issues, 
interest yields, maturities, and other terras appear in the 
Treasury Bulletins of April 1951, May 1952, May 1957, October 
and December 1959, and May and October 1961. 



Table 1. Sales and Redemptions by Series, Cumulative through July 31, 1967 





oales I,' 


discount 


Sales plus 

accrued 

discount 


Redemptions X' 


Amount outstanding 


Series 


Interest- 
bearing debt 


Matured 
noninterest- 
bearing debt 




■-■• ,3'-"' 
3,55''' 


1 fifA 
1,1. "i 


!■ -',-'. T :■■ 


luv,454 
29,i67 
3,352 


374 




Series E and 11 

Series F and G 

Series J and K 


2l 


Total A-K 


LTl.Ooo 


■"',-''"' 


1 •■■■•,- -.-^ 


147,267 


51,323 


SI-. 

















Table 2. - Sales and Redemptions by Periods, All Series Combined 

' I.'i millions of dollars) 



Accrued 
discount 



raptions 1 



Aniount outstanding 



Interest- 
hearing debt 



Matured 
noninterest- 
bearing debt 




1 .■'^'.' 
1,228 

l,2/.0 
l,2Si 
1,35« 
1 , 40? 
1 , 47' 
1,'".17 
1,V,4 
l,t.2t 



1 ■ :<'^' 

1,4-.' 



f^.i,485 
«,544 
7,24^1 
>',5W 

5,711, 
'■,?7-J 

''.1''4 
'',34f' 



t?8,074 
7,255 
8,772 
'.,732 

5 ] o02 
5 , 021 



434 



■/7,.7.t 
7,671 
6,377 
7,542 
5,038 
4,934 
4,482 
4,383 
4,488 
4,792 
4,971 

81,387 
6,450 
7,763 
5,851 
4,842 
4,792 
4,25':t 
4,445 
4,552 
5,043 



477 


403 


569 


489 


46'3 


-)C.6 


408 


346 


448 


377 



'),23'^ 
877 
872 

1,015 
781 



6,686 
805 

1,009 
881 
754 
810 
762 



54,622 
51,984 
50,503 
47,544 
47,514 
47,607 
48,314 
49,299 
50,043 
50,537 
51,213 

52,474 
51,192 
48,154 
47,15=' 
47,458 
47,535 
48,827 
49,734 
50,324 
50,752 



50,606 
50,646 
50,616 
50,679 
50,760 
50,752 

50,809 
50,903 
50,990 
51,062 
51,148 
51,213 

51,323 



374 
364 
331 
280 
240 
211 
157 
I3Q 
110 



734 
686 
494 
368 
335 
331 
201 
158 
141 
164 



85 

I64 

124 

111 



August 1967 



.UNITED STATES SAVINGS BONDS 



61 



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

(!-• itiilli-ns of dcllar/,' 



Sales plu 

accrued 



Hedemplions 1'' 



discount i/' 



Ma tu red 
nonint.eres t- 
bearir.t^ debt. 



Fiscal years: 

19i1-57 

1953 

1959 

I960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

Calendar year 



1941-5?. 

1953. 

1959. 

I960. 

1961. 

1962. 

1963. 

1964. 

1965. 

1966. 



Months: 

1966- July 

August 

September . 
October. . . 
November . . 
December. . 

1967-January. . . 
February. . 
March 



May. . 
June. 



4,i2i 
4,51-' 
4,656 
4,543 
4,65:^ 
4,965 

91 , 270 
4,o39 
4,320 
4,350 
4,53^ 
4,278 
4,760 
4,6oq 
4,4'4 



4°2 
426 



,331 



',i3^ 



,.',W 


0,114 


, so;.' 


11,04^ 


, 542 


f,,nr 


,6i? 


6,584 


,006 


103,. -74 


,1V- 


i,io7 


,169 


5,4S9 




^,574 




,293 


5,S32 


,372 


;,&5o- 


,414 


6,164 


,-i:'1 


0,101 


,514 


6,000 


,5'-'0 


6,440 


1^'3 
1?7 


'^14 


133 


535 



4,603 
4,500 
4,736 
',,937 
5,305 
5,449 

61,o97 
4,550 
5,519 
4,996 
4,484 
4,636 
4,557 
4,841 
5,117 
5,477 



436 
5-3 



373 
407 



54,482 
4,432 
4,310 
4,616 
3,906 
3,873 
3,759 
3,982 
'.,154 
4,408 
4,536 

56,791 
4,129 
4,636 
4,202 
3,781 
3,882 
3,823 
4,061 
4,254 
4,561 



373 
366 
446 
361 
314 
339 

453 
363 
399 
351 
377 
390 



755 
797 
886 
721 
731 
742 

'33 

897 
913 

4,905 
727 
883 
794 
703 
754 
733 
780 
863 
916 



41,49? 
42,142 
42,716 
42,715 
43,806 
44,955 
46,359 
47,737 
48,795 
49,682 
50,817 

41 , 578 
42,589 
42,559 
43,137 
44,485 
45,499 
47,106 
48,366 
49,249 
50,212 



49,798 
49,876 
49,889 
49,937 
50,100 
50,212 

50,232 
50,399 
50,514 
50,613 
50,725 
50,317 

50,949 



Fiscal years: 
I94I-5V. . . . 

1958 

1959 

i960 

1961 

1962 

1963 

1964 

1965 

1966 

1967 

Calendar year 
1941-57.... 



1953. 
1959. 
i960. 
1961. 
1962. 
1963. 
1964. 
1965. 
1966. 



1966- July 

Augus t . . . 
September 
October. . 

November. 
December. 



1967-January. . 
February. 
March. . . . 

April 

May 



July 

Footnotes at end of Table 4. 



32,971 
65 
54 

3: 



19,513 5/ 


13,344 


3,350 


3,235 


2,137 


2,063 


3,049 6/ 


2,921 


1,133 7/ 


1,129 


1,110 3/ 


1,059 


771 2/ 


722 


426 2/ 


400 


358 


333 


413 


384 


472 


434 


21,410 y 


20,674 


2,395 


2,318 


3,246 


3,122 


1,732 6/ 7/ 


1,046 


1,108 7/ 8/ 


1,058 


963 8/ 2/ 


909 


462 2/ 


434 


410 


383 


323 


297 


522 


481 



116 
74 



13,124 

9,842 
7,787 
4,829 
3,709 
2,652 
1,955 
1,563 
1,24? 
356 
397 

10,896 
8,603 
5,594 
4,022 
2,973 
2,036 
1,721 
1,368 
1,075 
540 



771 
728 
692 
660 
540 

527 
505 
475 
U9 
423 
397 



335 
331 
303 
257 
222 
196 
I.W 
127 
99 



698 
655 
468 
343 
313 
316 
188 
147 
131 
155 



115 
102 
94 



following page 



62 



Treasury Balletin\ 



.UNITED STATES SAVINGS BONDS. 



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



.1- .J...llars) 



Sales 1/ 



Accrued 
discount 



ales plu 

ccrued 

iscount 



l'V,i-'7 

19;? 

195'- 

1960 

1961 

1962 

19' ^ 

1964 

1965 

1966 

1967 

Calendar years: 

19il-57 

195S 

1959 

1960 

1961 

19o2 

196:' 

1964 

1965 

1966 

Months: 

1966-July 

August. . . 
September 
October. . 
November. 
December. 

1967-January. . 
February . 
March .... 

April 

May 

June 

July 



]i,4_:-i 
1,1' 1 

1,17^ 



1,1 ■>' 

1,224 

1 , 2q 'i 

1,372 
1 , 4(X 
1,491 
1,51'. 
1,530 



4,8Q5 
1 ,1'1 



430 
400 



4,196 
4,092 
4,295 
3,673 
3,613 
3,461 
3,609 
3,705 
3,904 
3,982 

56,266 
3,931 
i,3i2 
3,935 
3,546 
3,595 
3,495 
3,646 
3,737 
3,997 



331 
324 
361 
312 
275 
297 



321 
351 
311 
338 



8Pb 
721 
713 
742 
754 
833 
897 
913 

4,905 
727 
883 
794 
703 
754 
733 
730 
863 



118 
74 



Exchanges of 
E bonds for 

H bonds 



201 
188 
219 
191 
206 
188 
212 
216 



278 
212 

199 
208 
198 
190 
224 



Amount 
outstanding 
( interest- 

t"9rinF d=.tt) 



37,969 
38,067 
38,040 
37,456 
37,817 
38,260 
39,166 
40,190 
41,078 
41,853 
42,959 

37,385 
38,206 
37,748 
37, 597 
38,140 
38,587 
39,740 
40,739 
41,504 
42,398 



41,950 
42,019 
42,067 
42,168 
42,282 
42,396 

42,453 
42,562 
42,674 
42,769 
42,873 
42,959 
43,087 



Fiscal years: 

Iu^2 57 






-,';■!■ 


,00 


390 






3,529 


1958 


7?^' 


_ 


7.= ." 




236 


- 


- 


4,075 


1959 


818 


- 


818 


217 


217 


- 


- 


4,676 


I960 


704 




704 


■.;: 


322 


- 


201 


5,259 


1961 


77 ^ 




77 S 


2j - 


233 


- 


188 


5,989 


1962 


"4'^" 


- 


'■47 


260 


260 


- 


219 


6,695 


1963 


r~14 


- 




298 


298 


- 


191 


7,193 


1964 


'.;:l 


_ 


-" ; : 1 


"73 


373 


- 


206 


7,546 


1965 


4"'l 


- 


431 


44° 


449 


- 


188 


7,716 




404 
3^7 


- 


367 


304 
553 


504 
553 


~ 


212 
216 


7,829 


1967 


7,858 


Calendar years: 


















1952-57 


..,.:io 


- 


^,tio 


3<^5 


525 


- 


- 


3,DV3 


1958 


rVPr 


_ 


?87 


iq?, 


198 


- 


- 


4,383 


1959 


718 


- 


718 


294 
2t7 


294 
267 


- 


278 


4,811 


1960 


5,540 


1961 




_ 


rt23 


235 


235 


- 


212 


6,345 


1962 


'o4 


_ 


''^'4 


287 


287 


- 


199 


6,912 


1963 


:n. 


_ 


■;,7c. 


,23 


328 


- 


208 


7,367 


1964 




_ 


47" 


416 


416 




198 




1965 


■•'•'^4 


_ 


^Q4 


467 


467 


- 


190 


7,744 


1966 


410 


- 


410 


'■04 


564 


- 


224 




Months: 


















1966-July 

August 


31 


- 


^1 
31 


49 


42 
42 
85 
49 
39 
42 


- 


22 
18 
18 
1"; 

15 
15 


7,848 
7,857 


October 


7,821 


November 


7,317 




7,315 


1967-January 

February 

March 


'^'; 


- 


3.3 


42 
48 


50 
42 
48 


- 


24 
18 
21 


7,829 
7,836 










" 






39 
39 
37 

43 


- 


16 
17 
17 
1° 




May 


7,852 
7,858 

7,362 














July 


27 


- 


37 




- 



Footnotes at end uf Table 4. 



August 1967 
















63 






TTNTTF 


D STATES SAVINGS BONDS 

ns of Matured and Unmatured Savings Bonds 








Table 4. 


- Redemptio 








iln millions of dollars) 












Matured 


Unmatured 




Period 


Total 1/ 


Total 


Series E 

and H 


Other 


Total 


Series E 
and H 


Other 


10/ 


Fiscal years: 


















1951 


6,13"? 


817 


38 


779 


5,300 


4,258 






1952 


5,109 


792 


702 


90 


4,316 


3,304 


1,012 


1 


1953 


5,621 


1,761 


1,128 


633 V 


3,859 


2,955 


904 


■ 


1954 


6,515 


2,747 


1,487 


1,260 i/ 


3,589 


2,715 


874 


179 


1955 


7,251 


3,941 


1,826 


2,115 


3,394 


2,775 


619 


-84 


1956 


7,846 


4,263 


1,917 


2,345 


3,467 


2,785 


682 






8,958 
8,544 


4,115 
3,730 


1,971 
1,906 


2,14i 
1,824 


4,657 
4,739 


3,132 
3,195 


1,526 
1,544 


185 


1958 


75 


1959 


7, ,249 


3,621 


1,996 


1,625 


3,778 


3,235 


543 


-150 


1960 


8,557 


4,126 


2,304 


1,822 6/ 


4,641 


3,285 


1,356 




1961 


5,819 


2,673 


1,733 


940 7/ 


3,358 


3,075 


283 


-212 


1962 


5,716 


2,593 


1,668 


925 8/ 


3,070 


2,875 


196 


53 


1963 


5,273 


2,250 


1,593 


657 9/ 


?,951 


2,812 


139 


73 


1964 


5,164 


2,057 


1,754 


304 


3,088 


2,°48 






1965 


5,346 


2,184 


1,938 


246 


3,284 


3,165 


118 


-121 


1966 


5,724 


2,253 


1,973 


280 


3,300 


3,1«6 


104 


172 


1967 


5,922 


2,471 


2,059 


412 


3,351 


3,273 


79 


99 


Calendar years: 


















1951 


5,651 


77? 


254 


518 


4,914 


3,817 


1,097 


-37 


1952 


5,074 


1,015 


968 


47 


4,025 


3,096 


929 


34 




6,149 


2,318 


1,328 


990 V 


3,799 


2,882 


917 


31 


1954 


6,985 


3,171 


1,500 


1,672 


3,057 


2,464 


593 


757 




7,301 


4,230 


2,047 


2,183 


3,666 


2,976 


689 


-595 


1956 


8,264 


4,246 


1,891 


2,355 


3,899 


2,920 


979 






9,630 


4,156 


2,084 


2,072 


5,207 


3,322 


1,886 




1958 


7,255 


3,393 


1,691 


1,70? 


3,841 


3,091 


750 


22 




8,772 


4,701 


2,433 


2,268 6/ 


4,520 


3,445 


1,075 


-449 


1960 


6,732 


3,033 


1,944 


1,089 6/ 7/ 


3,938 


3,114 


825 


-239 




5,595 


2,555 


1,633 


922 7/ 8/ 


3,100 


2,899 


201 


-60 


1962 


5,602 


2,387 


1,656 


730 8/ 9/ 


3,002 


2,827 


175 


213 




5,021 


2,043 


1,617 


426 9/ 


3,031 


2,905 


125 


-52 


1964 


5,252 


2,171 


1,889 


282 


3,157 


3,026 


131 


-76 




5,441 


2,U8 


1,932 


216 


3,287 


3,176 




( 


1966 


6,000 


2,472 


2,080 


391 


3,384 








Months: 




















499 
477 
569 
466 
408 
/48 

630 


176 
197 
199 
266 
135 
235 
182 


145 
151 
165 
235 
107 
208 

U2 


30 

46 
34 
31 
28 
27 

40 


262 

264 
282 
30<;< 
194 
370 

263 


252 

254 
274 
300 
186 
364 
25o 


10 
10 
8 

8 
6 


62 
16 
88 

-109 
73 

-156 






November 




135 




472 
518 
453 
484 
498 

468 


142 
355 
221 
182 
181 

200 


101 
322 

181 
148 
154 
176 


42 
33 
41 
33 
27 

24 


1?,6 

270 
313 


421 

?b4 
268 

310 


5 
5 

4 
2 

2 


-263 
-26 








46 






-45 







Source: Daily Treasury statement; Office of T'ebt Analysis in the Office 
of the Secretary. 

Note: In these tables sales of Series A-F and J bonds are Included at issue 
price, and redemptions and amounts outstanding at current redemption 
value. Series G, H, and K are included at face value throughout. 
Matured bonds which have been redeemed are included in redemptions. 
Matured J and K bonds outstanding are included in the interest-bearing 
debt until all bonds of the annual series have matured, and are then 
transferred to matured debt on which interest has ceased. 

1/ Sales and redemption figures include exchanges of minor amounts of (1) 
matured Series E bonds for Series G and K bonds from May 1951 through 
April 1957 and (2) Series F and J bonds for Series H bonds beginning 
January 19')0; however, they exclude exchanges of Series E bonds for 
Series H bonds, which are reported in Table 3. 

2/ Details by series on a cumulative basis and by periods for Series A-D 
combined will be found in the February 1952 and previous issues of the 
Treasury Bulletin. 

3/ Because there is a normal lag in classifying redemptions, the distribu- 
tion of redemptions between sales price and accrued discount has been 
estimated. Euginning with the Treasury Bulletin of March l96l the 



method of distributing redemptions between sales price and accrued 

discount has been changed to reflect the distribution shown in final 

reports of classified redemptions. All periods shown have been 

revised on this basis. 
4' 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, 
y Includes exchanges of Series 1941 F and G savings bonds for 3-1/4J 

marketable bonds of 1978-83. 
6/ Includes exchanges of Series 1948 F and G bonds for 4-3^4^ marketable 

notes of 1964. 
7/ Includes exchanges of Series 1949 F and G bonds for 4? marketable 

bonds of 1969. 
3/ Includes exchanges of Series 1950 F and G bonds for 3-7/8? marketable 

bonds of 1968. 
9/ Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8? 

marketable bonds of 1971 and i.% marketable bonds of 1980. 
10/ Represents changes in the amounts of redemptions not yet classified 

between matured and unmatured issues. 
• Less than $500,000. 



64 






UNITI 


]D STATES SAVINGS B 
jtions by Denominations, 


ONDS 






Treasury Bulletin 




Table 5. - Sales and Redemj 


Series E 


and H 1/ 


Combined 




f.riod 


Total all 
denominations 


ao z 


?:■•' 


$50 


?7- 1 


$100 


S.O. i" 


t-'jir, 


?1,000 


S=. , oon 


$10,000 ^' h,' 


"ales 7 










Fiscal year:: 


1, -:"■-., -.■■1 

?o,i^-' 

;~9,r07 

1 "'3, r' -"■■': 
iu,i;i 

l,-':i.'-l ■■ 
■■^':','J-i, 

107 'o/i'- 

10,065 

9,720 

2,8U,4i5 


21,076 


1,268,321 
54,908 
52,895 
52,972 
53,i53 
53,010 
54,629 
59,230 
60,923 
63,430 

71,506 

1,295,871 
53,200 
52,452 
53,910 
52,528 
53,503 
57,391 
60,217 
61,841 

5,550 
4,968 
5,582 

6,318 

■:.,399 

7,341 
r ,..02 
0,703 

6,005 

6,211 

0,034 

1,845,282 


306,308 
21,043 
20,108 
20,220 
20,434 
20,901 
21,903 
23,442 
23,947 
24,704 
26,476 

317,597 
20,152 
20,050 
20,347 
20, U7 
21,329 
22,828 
23,816 
24,106 
25,498 

2,016 
1,999 

2,187 
2,24-- 

?,o-/' 

2,13.' 

2,41''' 
2,133 
2 , 574 

2,036 

2,379 

2,278 

529,987 


1" 
1,141 
1,45° 

1,749 

1,322 
1,607 

12" 
1 (0 
Ifi 

14? 
137 

Ul 

161 
14' 
l-P 

14« 

156 

15° 

4,493 


'■'.^24 
9,477 
9,208 
9,273 
9,286 
9,623 
10,324 
10,409 
10,-14 

11,411 

214,606 
9,690 
9,241 
9,184 
9,322 
9,196 
10,162 
13,4a5 
10,366 
11, lU 

883 
874 

956 
930 
891 

896 

1.050 

057 

1,091 

873 

1,028 

982 

309,396 


798 
774 
789 
813 
928 

1,006 
982 

1,010 

1,068 

11,046 

823 

775 

768 

816 

799 

1,019 

1,000 

970 

1,054 

86 
84 
86 

82 
80 
79 

88 
102 

87 

07 
19,640 


.-■9,150 
1,304 
1,212 
1,165 
1,201 
1,186 
1,233 
1,220 
1,087 
1,101 

1,130 

29,-69 
1,302 
1,141 
1,173 

1,247 

1,098 
1,325 
1,151 
1,044 
1,155 

101 

92 

86 
82 

77 

115 
106 
98 

86 

100 

90 

41,000 


30,"of- 
1,413 
1,34.0 
1,230 
1,299 
1,237 
1,270 
1,2U 
1,033 
1,042 

1,064 

31,381 
1,454 
1,243 
1,238 
1,340. 
1,127 
1,357 

078 
1,110 

103 
96 

86 

79 
70 
67 

115 
108 
90 

82 

90 

77 

42,911 


lo4 
33 
35 
27 

31 
30 
25 

77 

18 

1-7 

15 

194 
38 
30 
?'i 
34 
27 
24 

17 
17 

2 
1 
1 

1 
1 
1 

2 
435 


3.0 

u 

16 
11 
15 
16 
16 
16 
14 
13 

14 

84 
18 
13 
12 
17 
15 
17 
15 
13 
U 

1 
1 
1 

1 
1 
1 

2 

1 
1 

1 

1 

1 

226 


19il-;'/ 








1962 








1967 p 

Calendar years 


3941-'." 

1958 

1959 

1960 

1961 

19tS.? 

19t.A 

1966 

Months 


August 


December 




April 


Inception to date pi ... . 



Fiscal years 
1041-57 

1 '04 

.od7"p;;;;;!;;. 

Calendar years 

1041-57 

195? 

!■'■■ 

l"oL 

V-!'./ 

I '■ ■ 

1966- .July 

August. . . 
September 
October. . 
November . 
December . 

1967- January.. 
February . 
March. . . . 

April .... 
May p . . . . 



Inception to date 



00,012 
04,720 
09,013 



2,308,371 



144 
101 



.054 
197 
161 



1.012,o4i, 
59,880 
56,036 
56,796 
54,280 
52,958 
53,018 
55,264 
56,736 
59,235 
62,386 

1,043,663 
57,080 
56,389 
55,552 
52,626 
53,231 
54,055 
55,682 
58,045 
60,545 



.524 
.'.,■'67 
4.470 
4,934 

5,624 
5 , 124 

"■,703 

4,893 
5,558 
5,764 



19,913 1,579,535 416,180 



21' ,'.83 
19,467 
18,598 
19,507 
18,654 
18,746 
19,022 
20,034 
20,744 
21,948 
22,778 

226,925 
18,296 
19,150 
19,089 
18,346 
19,006 
19,402 
20,204 
21,330 
22,54A 



1,840 
1,836 
2,09-; 

1,791 
1,601 
1,724 

2,103 
1,°04 
2,061 

1,816 
1,957 
2,048 



245 
585 
8U 



65 
434 



1,674 



120,^:47 
10,433 
10,394 
10,634 
9,197 
9,150 
8,715 
9,080 
9,322 
9,822 
9,904 

134,852 
10,075 
10,696 
9,848 
8,937 
9,129 
",771 
9,180 
9,532 
10,031 



780 
842 
380 

226,199 



4,231 
639 
675 
725 
616 
653 
601 
648 
694 
756 
765 

4,556 
627 
722 
657 
609 
653 
615 
670 
715 
"86 



11,004 



15, 2 U 
1,320 
1,301 
1,351 
1,076 
1,077 
1,005 
1,051 
1,070 
1,113 
1,090 

15,887 
1,250 
1,368 
1,201 
1,045 
1,070 
1,008 
1,067 
1,080 
1,137 



90 
113 



120 

83 



26,670 



U,605 
1,464 
1,451 
1,567 
1,139 
1,126 
1,028 
1,088 
1,122 
1,182 
1,174 

15,356 
1,365 
1,575 
1,334 
1,098 
1,108 
1,037 
1,111 
1,136 
1,226 



102 
93 
122 



84 
140 



26,947 



Note: The.'ie figures are estimates by the Office of Debt Analysis in the 
Office of the Secretary and are based on the daily Treasury statement 
and reports from Federal Reserve banks and the Bureau of the Public Debt. 

1/ Sales of Series H bonds began on June 1, 1952; the denominations 
authorized were ^500, $1,000, S5,000, and $10,000. 

2/ Sales were authorized in June 1944, to Armed Forces only, and dis- 
continued after March 31, 1950. 

y Sales began on May 1, 1964. 



l^' 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 plans 
beginning April 1954, and also personal trust accounts beginning .Jan- 
uary 1055. 

7/ See Table 4, footnote 1. 



August 1967 



.UNITED STATES SAVINGS BONDS. 



65 



Table 6. - Sales by States, Series E and H^ Combined 



dr. thousands of dollars at 



Inception 
through 
June 1967 
2/ 



AlabaJna 

Alaska 

Arizona 

Arkansas 

California 

Colorado 

Connecticut 

Delaware 

District of Columbia. 

Florida 

Georgia 

Hawaii 

Idaho 

Illinois 

Indiana 

Iowa 

Kansas 

Kentucky 

Louisiana 

Maine 

Maryland 

Massachusetts 

Michigan 

Minnesota 

Mississippi 

Missoxiri 

Montana 

Nebraska 

Nevada 

New Hampshire 

New Jersey 

New Mexico 

New York 

North Carolina 

North Dakota 

Ohio 

Oklahoma 

Oregon 

Pennsylvania 

Rhode Island 

South Carolina 

South Dakota 

Tennessee 

Texas 

Utah 

Vermont 

Virginia 

Washington 

West Virginia 

Wyoming 

Canal Zone 

Puerto Rico 

Virgin Islands 

Undistributed and 
adjustment to daily 
Treasury statement.. 

Total 



1,273,890 
65, Ul ? 
503,530 

738,173 

9,081,120 

99i,i62 

2,087,687 

38i,8U 

1,380,206 

1,808,126 

I,i31,i26 

i83,9U 

307,739 
10,665,2i8 
3,750,37i 

3,612,612 
2,107,952 
l,i65,338 

1,250,385 

490,611 

1,735,U9 

3,705,^61 
7,i87,119 
2, 423,340 

700,611 

3,776,280 

630,530 

2,125,199 
164,198 
304,437 

5,050,239 

327,400 

14,921,587 

1,463,030 

631,247 

8,359,977 

1,612,969 
1,211,483 
11,204,753 

567,817 
745,687 
772,798 

1,342,212 

4,563,131 

522,817 

164,611 
2,188,078 
2,086,913 

1,346,027 

2,937,189 

244,382 

83,059 

76,191 

4,47r 



5,413,442 V 



134,777,713 



3,25? 

215 

1,809 

1,547 
23,793 
2,575 

6,514 
1,439 
2,902 

7,095 
3,654 
1,22° 

697 
28,872 
10,624 

8,640 
4,663 
4,272 

3,737 
1,187 
6,760 

10,684 
25,875 
5,116 



603 
1,116 

15,701 
1,066 
40,239 

3,362 
1,148 
26,009 

4,052 
2,811 
33,531 

1,70' 



1,436 

3,822 
0,408 
1,765 



10 



447 
6,732 
5,300 

3,848 

8,340 

478 



48,201 



3 , 320 

426 

1,760 

1,644 
26,q84 
2,043 

6,967 
1,926 

3,165 

7,403 
4,163 
1,020 

582 
30,138 
11,056 

8,470 
4,196 
3,951 

3,559 
1,077 
6,885 

10,602 
22,862 
5,425 

1,151 
12,752 
1,427 

4,310 
580 
495 

17,167 
1,185 

43,921 

3,838 

1,087 

27,303 

4,0U 
2,369 
37,334 

1,184 
2,103 
1,355 

3,655 
10,314 
1,896 

320 
7,536 
4,353 

3,750 

7,794 

430 



12,733 



3,285 

254 

1,861 

1,565 
21,197 
2,773 

5,804 

919 

2,714 

6,884 
3,947 
1,006 

593 
26,172 
9,963 

7,290 
4,448 
3,891 

2,940 
1,093 
5,939 

9,985 
25,579 
4,715 



5,494 
519 



14,672 
1,113 
36,615 

3,911 
1,043 
26,899 

4,131 
2,115 

33,550 

1,344 
1,544 
1,475 

3,413 
9,958 
1,540 

449 
6,707 
4,112 

3,865 

7,002 

421 

257 
130 



53,904 



25,842 
2,592 

5,605 
1,262 
2,965 

6,246 

5,206 

602 

596 
26,148 
10,(j8_' 

7,450 
4,476 
3,802 

2,852 
1,133 



9,707 
22,850 
4,985 

1,098 
10,913 
1,222 

5,766 
502 

6fe7 

15,134 
1,137 
39,457 

3,°14 

1,195 

24,287 

3,885 
2,136 
32,996 

1,342 
2,345 
1,423 

3,291 
10,317 
1,751 



6,000 
4,029 

3,550 

7,456 

478 



62,000 



253 
1,805 

1,308 
25,274 
2,488 

6,600 
1,757 
3,898 

6,442 
3,902 
1,158 

U8 
25,102 
9,956 

6,596 
4,137 
3,486 

2,831 
1,240 
6,603 

10,469 
23,142 
4,874 

906 
10,924 
1,213 

5,708 
529 

729 

15,882 
1,058 
39,712 

3,815 
1,216 
23,246 

3,815 
1,924 
33,683 

1,399 
1,832 
1,401 

3,326 
9,331 
1,555 

471 
6,074 
3,133 

3,654 

6,404 

401 

276 

268 



27,122 



214 
1,554 

1,455 
25,788 
2,512 

6,418 
2,202 
3,840 

5,749 

4,127 

999 

678 
26,568 
10,195 

7,845 
3,630 
3,801 

3,029 
1,188 
6,896 

10,170 
30,722 
4,971 



10,334 
1,219 

5,721 
538 
715 

16,174 
1,059 
39,024 

3,825 
1,071 
23,951 

4,005 
1,940 
35,489 

1,352 
2,330 
1,567 

2,835 
11,240 
1,389 

36° 
6,650 
3,552 

3,373 

7,460 

386 

318 
24? 



3,893 

364 

2,305 

1,734 
5?, 41" 



7,324 
1,756 
3,337 

8,137 
4,753 
1,247 



33,327 
13,108 

11,690 

4,803 
4,865 

3,337 
1,50° 
7,381 

11,380 

21,932 

5,557 

1,417 
12,187 
1,511 

8,165 

65b 
840 

18,122 
1,104 



4,385 
1,385 
30,271 

4,436 
2,899 
39,922 

1,464 
2,158 
1,891 

4,766 
11,953 
2,035 

407 
6,935 
5,473 

4,190 

8,385 

385 

359 
258 



78,276 



3,525 

355 

2,223 

1,783 
26,004 



6,611 
1,799 
4,58° 

7,749 

4,055 

705 

568 
27,253 
11,848 

8,413 
5,657 
4,348 

3,402 
1,100 
7,642 

10,462 

22,905 

5,233 

1,563 
12,897 
1,483 

7,947 

558 
856 



1,23° 
41,608 

4,445 
1,306 
26,287 

4,942 
2,U1 
34,755 

1,402 
1,815 
1,791 

4,378 
11,907 
1,736 

536 
6,733 
4,486 

4,478 

7,599 

574 

278 
458 



3,517 
303 



1,465 
27,789 
2,359 

7,217 
1,693 
3,208 

7,491 
4,402 
1,537 

553 
23,213 

10,767 

8,930 
4,208 
4,104 

3,446 
1,280 
7,082 

11,027 
29,256 
4,764 

1,183 
13,269 
1,294 

5,515 
633 
722 

16,773 
1,009 
46,953 

3,846 

995 

26,595 

3,750 
2,218 

35,590 



2,156 
1,751 

3,646 
11,042 
1,782 

487 
6,171 
5,123 



3,174 

231 

2,038 

1,355 
25,579 
2,492 

6,283 
1,635 
4,784 

6,699 
3,652 
1,012 

498 
27,304 
10,809 

7,811 
4,251 
3,871 

2,749 
1,080 
6,484 

9,622 
21,808 
4,870 

961 
11,443 
1,165 

5,699 
646 
652 

15,684 
1,157 
46,378 

3,983 
1,165 
23,772 

4,024 
2,546 
34,719 



1,662 

3,529 
10,007 
1,705 

349 
6,308 
3,608 

3,651 

7,264 

524 

279 
299 



76,037 



3,354 

545 

1,944 

1,388 
25,090 
2,292 

6,662 
1,801 
3,994 

7,170 
4,486 
1,353 



27,135 
11,288 

6,598 
3,755 
3,834 

2,983 
1,292 
7,431 

11,087 
24,263 
4,943 

1,129 
12,357 
1,058 

5,115 
550 
731 

17,465 
1,324 
48,415 

4,019 
1,035 
26,667 

3,859 
2,215 
36,754 

1,528 
1,981 
1,298 

3,490 
11,947 
1,724 

487 
6,55^ 

3,8or 

4,013 

6,921 

386 

307 
253 



402, 7b9 



407,°51 



367,784 



371,725 



425,639 



459,063 



438,056 



banks 



Source: Daily Treasury statement and reports from Federal Re 

1/ Sales of Series H began June 1, 1952. 

2/ Figures include exchanges of minor amounts of Series F and J bonds 

for Series H bonds beginning January 1960j however, they exclude 

exchanges cf 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 tlie i^ulletin, 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. 



66 



Treasury Bulletin \ 



OWNERSHIP OF FEDERAL SECURITIES. 



Table 1. - Distribution of Federal Securities by Classes of Investors and Types of Issues 



End of 
fiscal ye 



Federal 
securi- 
ties out- 
standing 



st-bearing securities issued by the U.S. Government 



Total 
out- 
stand i 



.^-Id by U.S. Government 
nv^stment accounts 2^/ 



Held by 
Federal 



Held by pr 



Public 
able 



Public 

market- 
able 
issuer 



Interest-bearing secu 
antee.i by the U.S. Go 



nent i/ 



out- 
standing 



Held by 



Government 
investment 



Held by 
private 
investor 



Matured 
debt 



debt 
bearing 



195S 

1959 

I960 

1961 

1962 

1963 

1964 

1905 

1966 

1967 

1965-December. 

"1- '-July 

August. . . 
September 
October. . 
November. 
December. 

1967-January. . 
February. 

March 

April 

May 



276, iiA 
284,817 
286,471 
289,211 
2^8,645 
106,466 
312,526 
317, oo4 
320,3^9 
3-'6,733 
321,359 

319,768 
324,904 
325,250 
327,387 
329,906 
329,814 
329,370 
330,136 
331,454 
328,306 
331,397 
3.6,733 

331,153 



274,698 
281,833 
283,241 
285,672 
294,442 
301,954 
307,357 
313,113 
315,431 
322,286 

316,515 

314,880 
319,697 
320,014 
322,301 
324,858 
325,021 

324,941 
325,691 
327,010 
323,876 
326,994 
3.'2,;8b 

3.57,132 



55,S42 
54,554 
55,259 
56,002 
56,296 
58,206 
60,964 
u3,23d 
66,618 
75,705 
61,767 

66, 281 
69,195 
69,085 
67,945 
68,842 
68,685 

68,155 
69,528 
70,573 
70,295 
74,501 
75,705 



9,596 
9,799 
10,360 
10,959 
11,357 
13,405 
14,337 
14, 5o6 
15,497 
19,549 
15,512 

15,585 
15,960 
16,016 
16,058 
16,292 
16,692 

16,902 
18,038 

ia,5ii 

18,646 
19,331 
19,549 

19,164 



46,246 
U,756 
44,899 
45,043 
44,939 
44,801 
46,627 
4<i,650 
51,120 
56,155 
46,255 

50,696 
53,235 
53,068 
51,888 
52,550 
51,993 

51,252 
51,490 
52,062 
51,649 
55,170 
5o,155 

56,209 



25,438 
26,044 
26,523 
27,253 
29,663 
32,027 
34,794 
39,100 
42, 1&? 
46,719 
40,768 

42,380 
42,518 
42,907 
42,975 
43,912 
44,282 

43,464 
43,971 
44,908 
45,460 
46,066 
46,719 

46,804 



193,41s 
201,235 
201,459 
202,417 
208,483 
211,721 
211,598 
210,776 
206,645 
1'59,862 

213,979 

206,218 
207,983 
208,023 
211,380 
212,104 
212,054 
213,322 
212,193 
211,529 
208,120 
206,427 
199,86:^ 



134,593 
144,983 
149,546 
151,392 
157,418 
160,361 
159,575 
157,220 
153,566 
146,502 
160,430 

153,247 
155,028 
154,949 
158,381 
159,135 
159,152 

160,530 
159,337 

158,595 
155,119 
153,351 
146,502 

151,098 



58,325 
56,252 
51,913 
51,025 
51,065 
51,360 
52,023 
53,556 
53,079 
■"3,361 



52,971 
52,956 
53,074 
52,999 
52,968 
52,902 

52,792 
52,856 
52,934 
53,001 
53,076 
53,361 

5', 857 



101 
110 
139 
240 
444 
605 
812 
589 
460 
512 



488 
483 

501 
497 
494 
494 

501 
510 
507 
505 
508 
512 

521 



63 

79 
87 
167 
165 
159 
139 
94 



440 
653 
450 
367 
434 
354 

396 
393 
411 
409 
409 
410 

418 
429 
426 
426 
430 
434 



1,646 
2,873 
3,090 
3,300 
3,759 
3,907 
4,357 
4,163 
4,477 
3,935 
4,391 



4,401 
4,724 
4,735 
4,588 
4,554 
4,298 

3,929 
3,935 
3,937 
3,926 
3,895 
3,935 



Source: Daily Treasury statement for total amounts outstanding) reports 
from agencies and trust funds for securities held by U.S. Government 
investment accounts; and reports from Federal Reserve ^stera 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 the 
amount held by U.S. Government investment accounts and Federal 
Reserve banks. 

Consists of guaranteed securities held outside the Treasury. All are 
public marketable issues. 



Table 2. - Net Market Purchases or Sales of Federal Securities for 
Investment Accounts and Other Accounts Handled by the Treasury 1/ 

of dollars; negative figures are net sales) 



1945 
194' 
1947 
1948 
1949 
1950 
1951 
1952 
1953 
1954 

1955 
1956 
1957 
1958 
1959 

1960 
1961 
1962 
1963 
1964, 

1965, 
1966, 
1967 



142.1 
101.1 



-4.7 

101.. 8 

5.1 

6.3 

482.7 

.5 

12.9 

-22.4 

18.9 
10.7 
13.4 
10.6 
62.2 

43.1 
56.1 
18.9 
293.5 
111.3 



38.2 
75.3 



-fal.3 

-12.1 

1.5 



19.9 
36.2 
-2.9 

29.9 
46.7 
35.4 
-2.1 

44.0 

16.4 
19.5 
18.2 
32.3 
44.6 



-338.6 
-30.4 
-54.7 



2.9 
35.9 
2.8 

56.2 

5.7 
313.4 



21.8 

24.2 

39.9 

656.2 

155.8 

143.1 
298.8 
343.6 



5.1 

3.5 

1.5 

20.1 

-45.5 

22.5 
398.8 
15.8 



73.9 
141.0 



July 



-17.0 

-157.8 

-609.1 

5.4 



49.2 
182.4 
445.5 

32.2 

35.5 
25.6 
61.9 



-41.2 

-308.1 



17.3 
-304.4 

33.5 
223.4 
578.6 
264.1 



-74.1 

-123.1 

7.2 



8.4 
10.3 
10. f, 

3.4 

25.1 

325.5 

373.1 

169.8 

198.6 
55.5 



-123.0 
-14.1 



5.8 
8.4 



17.0 
21.1 



41.1 

25.5 

36.3 

-23.3 

345.7 

126.2 

39.3 
-12.5 



221.0 
-.8 
11.5 

10.7 
-3.6 
11.7 
-1.1 
14.2 

7.9 
83.9 
-67.3 

71.6 

105.5 
57.3 
-25.4 
436.7 
100.1 

233.0 
105.9 



-20.3 
696.4 



7.0 
29.0 
8.2 



113.1 



Consists of purchases or sales, In the market, by the Treasury of securiti 
issued or guaranteed by the U.S. Government for (l) trust funds which by 
law are under the control of the Secretary of the Treasury or the Treasure 
of the U.S., (2) accounts under the control of certain U.S. Government 
agencies whose investments are handled through the facilities of the 
Treasuiy Department; and (3) purchases prior to maturity by the Secretary 



of the Treasury of any outstanding securities as authoriaed under 
Section 19 of the Second Liberty Bond Act, as amended (31 U.S.C. 754a). 
This table excludes (1) all investment transactions for the Exchange 
Stabilization Fund; and (2) all purchases by subscription on original 
issue and all securities which are redeemed upon maturity. 



August 1967 



OWNERSHIP OF FEDERAL SECURITIES. 



67 



Table 3. - Estimated Ownership of Federal Securities 



1/ in billions of dollars) 



Total 
Federal 
securitie 
outstand- 
ing 2/ 



banks 
1/ 



Held by private nonbank investor 



iduals 4/ 



Series Othe 

E and H 



Savings bonds 



local 
govern- 



Fore ign 
and inter- 



2/ 



1939-Dec 

1946-reb. 2/ 
Dec 

19 50- June... 
Dec 

1951-June... 
Dec 

19 52- June. . . 
Deo 

19 53- June... 
Dec 

19 54- June... 
Dec 

1955-June...' 
Dec 

19 56- June... 
Dec 

19 57- June. . . 
Dec 

1958-June... 
Deo 

1959-June... 
Dec 

1960-June. . . 
Dec 

1961-June... 
Dec 

1962-June... 
Dec... 

1963- June... 

Dec 

196i-June... 

Dec 

1965- June... 
July. . . 

Aug 

Sept... 

Oct 

Nov 

Deo 

1966- Jan 

Feb 

Mar .... 

Apr 

May 

Jun-:-. . . 
July. . . 
Aug .... 
Sept . . . 

Oct 

Nov 

Deo 

1967-Jan 

Feb 

Mar 

Apr. . . . 
May 

June p. 



279.8 
259.5 

257.4 
256.7 

255.3 
259.5 

259.2 
267.4 

266.1 
275.2 

271.3 
278.8 

274.4 
280.8 

272.8 
276.7 

270.6 
275.0 

276.4 
283.0 

284.8 
290.9 

286.5 
290.4 
289.2 
296.5 

298.6 
304.0 

306.5 
310.1 

312.5 
318.7 

317.9 
317.1 
318.7 
317.3 
319.4 
322.2 
321.4 

322.4 
323.7 
321.5 
320.1 
322.8 
320.4 
319.8 
324.9 
325.3 
327.4 
329.9 
329.8 

329.4 
330.1 
331.5 
328.3 
331.4 
326.7 



93.8 
74.5 

65.6 
61.8 



61.1 
63.4 



63.6 
69.2 

63.5 
62.0 

57.3 
59.5 



65.3 

67.5 

61.5 
60.3 

55.3 
62.1 

62.5 
67.2 

65.2 
67.2 

64.4 
64.3 



64.0 

58.3 
57.2 
56.4 
57.4 
59.6 
59.8 
60.8 

60.9 
58.7 
57.0 
57.0 
55.1 
54. 8r 
53. 8r 
55. Or 
54- 8r 
55. 3r 
55. 5r 
57. 5r 

57. 6r 
57. 2r 
57. 8r 
56.9r 
56.1 
55.1 



22.9 
23.3 

18.3 
20. 8 

23.0 
23.8 



24.7 
25.9 
25.0 
24.9 

2 3.6 
24.8 

23.8 
24.9 

23.0 
24.2 

25.4 
26.3 

26.0 
26.6 

26.5 
27.4 

27.3 
28.9 

29.7 
30.8 

?2.0 
33.6 
34.8 
37.0 

39.1 
39.2 
39.0 
39.8 
39.7 
40.6 
40.8 

40.6 
40.2 
40.7 
40.7 
41.5 
42.2 
42.4 
42.5 
42.9 
43.0 
43.9 
44.3 

U.O 
44.9 
45.5 
46.1 
46.7 



28.0 
30.9 



41.0 
42.3 

44.3 
45.9 



49.3 
49.6 

50.5 
51.7 

53.5 
54.0 

55.6 
55.2 

55.9 
54.4 
54.6 
53.7 

55.3 
55.1 
56.1 
54.5 

56.5 
55.6 

58.4 
58.0 

cl.l 
60.6 

63.4 
62.3 
64.8 
63.6 
62.3 
62.8 
61.9 

60.0 
61.7 
61.7 
60.5 
64.5 
b6.7 
66.4 
69.3 
69.2 
68.0 



69.6 
70.7 
70.4 
74.6 
75.8 



135.1 
130.7 

135.6 
134.9 

132.9 
131.8 

130.8 
133.4 

135.0 
137.3 

133.3 
135.1 



138.3 
138.2 

135.9 
136.1 

129.9 
134.8 

142.6 
150.3 

149.3 
145.8 

143.3 
145.9 

147.3 
150.4 



154.3 

156.4 
157.1 

157.1 
158.3 
158.5 
156.5 
157.9 
159.0 
158 .0 

161.0 
163.2 
162.2 

lDl.9 

161.7 
156. 7r 
157. 2r 
158. Ir 
158. 4t 
161. Ir 
161. 6r 
159. 3r 

160. Or 
159 .4r 
158.1r 
l'i5.5r 
154.7 
149.1 



64.1 
64.2 

67.4 
66.3 

65.4 
64.6 

64.3 
65.2 

66.1 
64.8 

64.8 
63.5 
65.2 
65.0 

66.6 
65.9 

66.3 
64.9 

64.4 
63.7 



64.6 
65.9 
65.7 
66.0 



69.2 

70.0 



71.8 

71.8 

72.2 

72.2 

72.3 

72.3 

73.2 

73.5 

74.6 

74.3 

74.1 

73.9 

74. Or 

74. 7r 

75. 7r 

76.2 

75.9 

75.5 

75.9 
75.5 
75.8 
74.8 
74.3 
73.3 



30.8 
30.3 

34.5 
34.5 



34.9 
35.3 

36.0 
36.7 



39.3 
40.1 

40.9 
41.4 

41.5 
41.6 

42.1 
42.5 

42.6 
42.4 

42.5 
42.9 
43.6 
44.2 

44.6 
45.1 
46.0 
46.7 

47.3 
47.9 

48.3 
48.4 
48.5 
48.5 
48.6 
48.7 
48.8 

48.8 
48.9 
49.0 
49.0 
49.1 
49.2 
49.3 
49.4 
49.4 
49.5 
4°. 7 
49.8 

49.3 
50.0 
50.1 
50.2 
50.3 
50.4 



14.1 

13.8 

13.2 
12.7 



9.4 

3.7 

7.6 
6.6 



3.1 
2.7 



20.8 
20.1 



16.3 
15.5 

15.7 
16.0 

16.8 
15.4 
15.2 
13.6 

15.0 
14. 8 

16.3 
15.8 

17.2 
16.7 

16.4 
16.0 



23.5 

24.1 
20.5 

18.6 
19.5 

19.0 
19.2 

18.6 
20.1 
20.7 
21.1 

21.8 
22.5 
22.4 
22.8 
22.8 
22.7 
22.7 



23.9 

24.^ 

24.6 

24.3 

24.1 

24. Ir 

24. 7r 

25.8 

26.2 

25. 9r 

25.4 

25.8 

25.3 

25.5 

24. 4r 

23.8 

22.8 



24.4 
24.9 

19.8 
18.'' 

17.1 
16.5 

15.7 
16.0 

16.0 
15.9 

15.4 
15.3 
15.0 
14.6 

13.6 
13.2 

12.7 
12.5 
12.2 
12.7 



11.4 
11.4 

11.4 
11.5 



11.1 

10.6 
10.6 
10.6 
10.6 
10.5 
10.4 
10.4 
10. i 



10.1 
10.0 



9.5 
9.3 



8.7 



9.8 
9.6 



7.9 
7.6 

7.4 
7.3 



6.6 
6.3 

6.3 
6.1 

6.3 

6.1 



5.7 
5.7 
5.7 



5.4 
5.4 



5.0 
5.0 
5.0 
4.8 
4.8 
4.7 



4.2 



19.9 
15.3 



19.7 

20.1 
20.7 

18.8 
19.9 
18.6 
21.5 

16.5 



13.6 
23.2 



14.1 
18.1 

19.8 
21.4 



18.5 
18.5 
18.2 
18.6 



18.5 
17.9 



16.1 
14.7 
15.6 
16.7 
15.5 
16.5 
17.4 
15.7 
15.7 
16.2 
13.9 
14.2 
14.3 
13.5 
14.9 
16.0 
14.7 

14.9 
15.0 



13.4 
11.3 



.4 
6.7 
6.3 



9.4 
9.6 

10.4 
11.1 

12.0 
12.7 

13.9 
14.4 
14.7 
15.4 
16.1 
16.3 

16.8 
16.6 

16.3 
16.5 



19.3 
19.0 

20.1 
20.1 

21.5 
21.1 

22.5 
21.2 

24.1 

24.0 

23.7 

23.0 

23.3 

22.9 

22.9 

23.7 

24.7 

24.4 

Z5.1 

25.3 

24.5 

24. 7r 

24. 4r 

24.2 

24.2 

24.1 

23.8 

23./. 

23.7 

23.5 

23. 5r 

23.1 

22.3 



3.5 
4.3 



4.7 
5.3 



6.8 
7.5 



10.1 
12.0 

12.3 
13.0 

12.7 

13.4 

14.1 
15.3 



16.7 

15.7 
15.7 
15.9 
16.3 
16.3 
16.5 
16.7 

16.4 

16.2 

16.0 

15.7 

15.6 

15.4 

15.3 

15.4 

15.2 

15.2 

15. 4r 

U.5 



15. C 
15.0 
14.7 



Source: Office of Debt Analysis in the Office of the Secretary. 
1/ United States savings bonds, Series A-F and J, are included at 

current redemption value. 
2/ Securities issued or guaranteed by the U. S. Governjnent, excludi 

guaranteed securities held by the Treasury. 
2/ Consists of commercial banks, trust companies, and stock savings 

banks in the United States and in Territories and island possess 

Figures exclude securities held in trust departments. 



^'' Includes partnerships and personal trust accounts. 

^ Discontinued series. See savings bonds tables. 

6/ Exclusive of banks and insurance companies. 

7/ Consists of the investments of foreign balances and international 

accounts in the United States. 
8^/ Consists of savings and loan associations, nonprofit institutions 

corporate pension trust funds, and dealers and brokers 
9/ Immediate postwar debt peak. p Preliminary. r Ravised. 



68 



Treasury Bulletin i 



TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1967_ 



The T.onthly Treasury Survey of Ownership covers secu- 
rities isoued by the United States Government and by Federal 
agencies. The banks and insurance companies included in the 
Survey currently account for about 90 percent of all such 
securities held by these institutions. The similar proportion 
for corporations and for savings and loan associations is 50 
percent, and for State and local governments, 70 percent. 
Data were first published for banks and insurance companies 
in the May 1941 Treasury Bulletin, for corporations and 



savings and loan associations in the September I960 Bulletin, 
and for State and local governments in the February 196Z 
Bulletin. 

Holdings by commercial banks distributed according to 
Federal Reserve member bank classes and nonmember banks are 
published for June 30 and December 31. Holdings by 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 Government 
Table 1. - Summary of All Securities 









(Par 


values - 


in millions 


of dollar 


s) 














Total 
amount 
outstand- 
ing i' 






Held 


by investors 


covei-p-l 


in Tr.-.as 


ury Survey 




Memorandum; 
Held by Held by 
all 22,570 
other corporate 
inves- pension 
tars 4' trust funds 




5,886 
commer- 


Toutual 
savings 


Insurance companies 


4.''8 

savings 
and loan 


46';^ 
corpo- 


State and local 
governments 


U.S. Govern- 
ment Invest- 
ment accounts 
end Federal 
Reserve banks 




295 


469 fire, 

casualty, 


Classification 


316 

general 

funds 


190 

pension 
and re- 
funds 


Interest-bearing securities: 


210,672 

55,459 

5o,155 

512 

322,798 
3,935 

3;6,7,j 


45,525 
80 2/ 

60 

45, (*5 


4,046 
3° 

82 


T,aQi 

50 


j,51'i 
3° 

14 


40 


4,022 
1 


76 


S441 

SO 

■^,600 


n4,168 
2,0Q8 

5':,l^.f 


66,706 
52,972 

73 
11°, 750 


1,687 
156 

23 


Public marketable 


Special issues 




Total Interest-bearing 
securities 


4, 167 


4,02- 


. c^a 


4 !J2'-. 


4,W4 


^',471 


122,4°° 


1,866 


Matured debt and debt bearing 
no interest 9/ 

Total seouj-ities Issued or guar- 
anteed by U.S. Government 





























Footnotes at end of 



Table 2. - Summary of Interest-Bearing Public Marketable Securities 

I, par values - in millions of dollars) 



Held by investors covered in Tre 



469 fire, 
casual ty, 



at? and local 
vernments 



316 
gener 

funds 



ment accounts 
and' Federal 

Reserve banki 



Memora ndum: 
Held by 
22,570 
corporate 
pension 
trust funds 

y 



ity: 



Issued by U.S. Government: 

Treasury bills 

Certificates of Indebtedne 

Treasury notes 

Trea sury bonds 

Total 



By maturity distributio 
Call classes (due or 
becomirg callable): 

Within I year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years. . . . 
20 years and over. 

Total 

Maturity classes (fin 
ma turi ty ) : 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years. . . . 
15 to 20 years. . . . 
20 years and ov.:r. 



5,610 
49,108 
97,413 



105,837 
5°, 824 
21,006 
6,087 
1,121 
16,797 



210,672 



89,648 
71,4-34 
24,378 
4,514 
3,912 
16.797 



455 
12,171 
27.055 



18,291 

19,712 

6,633 

297 

83 

509 



45,525 



11,247 

24,919 

8,402 

230 

218 

509 



45,525 



701 
3.084 



4,046 



133 
3,891 



71 
385 
331 
567 
318 
2,219 



3,891 



-,886 



01° 

1,,'10 

303 



3,516 



106 
87 
422 

3.516 



^37^ 



138 
105 
47° 

3,964 



102 
167 

47° 



1,106 
990 



3,074 
841 



4,022 



1,194 
141 



4,397 

118 

1,047 

3.833 



?,394 



5,587 
1,772 
743 
425 
155 
711 



%3°4 



5,274 
1,917 
835 
257 
400 
711 



9,394 



5.077 
5,441 



4,434 
24,010 
17.858 



64.1 



38, 



°0 



15,004 
3,650 
1,675 
193 
3.854 



64,lc8 



36,437 
18,058 
3,532 
1,465) 
82 V 
3,8541 
64,168 



27,33" 

525 

8,853 

29,988 



66 , 706 



3f.,478 
17,312 
6,590 
1,746 
27Q 
4,300 



32,164 
1°,928 
7,951 
1,204 
1,159 
4,300 



66,70b 



215 
1.054 



640 
476 
307 



548 
551 
310 
61 
38 
179 
1,687 



August 1967 



.TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1967. 



Section I - Securities Issued or Guaranteed by the United States Government 
Table 3. - Interest-Bearing Public Marketable Securities by Issues 



69 















(Par values - in millions of 


dollars) 














Total 
amount 
outstand- 
ing 


Held by investors covered in Treasury Survey 


Held by 

all 

other 

tors 4/ 






5,886 

oial 

banks 


503 

mutual 

savings 

banks 

2,' 


Insurance companies | 


488 

savings 
and loan 
associa- 
tions 


469 
corpo- 
rations 


.3tate and local 
governments 


U. S. Govern- 
ment invest- 
ment accounts 
and Federal 
Reserve banks 


Meraorandijm: 
Held by 




295 

life 


469 fire, 
casualty, 
and 

101 

24 

5 

1 

2 


22,570 


Issues 


316 
general 

fur.ds 


190 

tension 
and re- 
funds 


corporate 
pension 
trust 
fur.ds y 


Treasury bills: 

Regular weekly and 
maturing: 
July 1967-Sept. 
Oct. 1967-Dec. 

Jan. 1968 

Feb. 1968 

Mar. 1968 

Apr. 1968 

May 1968 

June 1968 


annual 

1967.. 
1967. . 

Llls... 




34,316 
17,213 
1,401 
1,401 
1,400 
902 
900 
1,001 


2,910 
1,737 
126 
246 
305 
92 
104 
323 


169 
50 
7 
7 
4 
3 
1 


13 
1 


150 

8 
3 

12 

1 
10 


1,086 
708 
14 
23 
13 
42 

13 
1,^-00 


2,354 
1,484 
82 
120 
51 
106 
171 
2Q 


188 

110 

1 

4 
1 


9,327 

5,412 

526 

523 

515 
327 

370 

36t. 


17,379 

7,527 

631 

471 

■•.10 
316 
248 


308 
71 
2 
4 
21 
2 
1 


Total Treasury b 


58,535 


5,844 


241 


57 


132 


456 


4,3'37 


j04 


17,8':.o 


2 7,33<J 


4:6' 


Certificates of indebtednes 




5, no 


ICC 


21 






2. 


118 








5-lA? Aug. 196 

Treasury notes : • 
i-7/8? Aug. 196 
3-3/4 Aug. 196 
4-7/8 Nov. 196 
5-5/8 Feb. 196 
4-3/4 May 196 
4-1/4 Aug. 196 
5 Nov. 197 
5-1/4 May 197 
5-3/8 Nov. 197 
4-3/4 Feb. 197 
4-3/4 May 197 
1-1/2 Oct. 196 
1-1/2 Apr. 196 
1-1/2 Oct. 196 
1-1/2 Apr. 196 
1-1/2 Oct. 196 
1-1/2 Apr. 197 
1-1/2 Oct. 197 
1-1/2 Apr. 197 
1-1/2 Oct. 197 
1-1/2 Apr. 197 

Total Treasury not 

Treasury bonds: 
2-l/2Sf Dec. 196 
2-1/2 June 196 
2-1/2 Dec. 196 
2-1/2 Mar. 196 
2-1/2 Mar. 196 
2-1/2 June 196 
2-1/2 Sept. 196 
3-5/8 Nov. 196 
2-1/2 Dec. 196 
3-7/8 May 196 
3-3/4 Aug. 196 
3-7/8 Nov. 196 
4 Feb. 196 
4 Oct. 196 
4 Feb. 197 
4 Aug. 197 
4 Aug. 197 
3-7/8 Nov. 197 
4 Feb. 197 
4 Aug. 197 
4 Aug. 197 
4-1/8 Nov. 197 
4-1/8 Feb. 197 
4-1/4 May 197 
3-7/8 Nov. 197 
4-1/4 May 197 
3-1/4 June 197 


7-A 






7 E 


1,904 
2,094 
8,135 

5!587 

6,444 

7,675 

4,265 

1,734 

2,006 

5,309 

457 

212 

115 

61 

159 

88 

113 

35 

72 

8 


275 

775 

489 

758 

1,195 

1,265 

2,647 

1,037 

857 

1,011 

1,258 

217 

47 
38 
70 
58 
57 
11 
6 
1 


16 
12 
33 
46 
36 
22 
215 
73 
76 
96 
71 

3 
2 


1 

3 

2 

14 

1 
6 
24 

1 
1 
1 
2 
3 
1 


1° 

25 
26 
11 
11 

182 
80 
39 
31 
50 
4 
6 

1 
1 


40 
12 
37 
39 
34 
153 
54 
45 
87 
87 

1 
1 


21Q 
52 
48 

115 
51 
89 
16 
25 
24 
50 

165 
44 

bO 
16 
35 
15 
40 
4 
1,106 


3^ 
134 
122 
91 
157 
100 
180 
82 
30 
86 
24 

1 


1 
5 

20 
8 
4 
4 

15 


1,270 

342 

6,946 

899 
3,570 

4,449 
1,453 
1,801 

135 

337 

2,796 


54° 

455 

723 

461 

512 

2,721 

1,113 

524 

324 

949 

66 

61 

36 

15 

28 

12 

18 

4 

1 




7 A 


22 


7-F 


50 


3 B 


17 


3 C 


12 


: A 


56 




11 


L B 


15 








16 


7.E0 


is 


3 EA 


» 


3_E0 


a 


J EA 







I 


D EA 


s 




- 


L EA 




I EG 




2-EA 


- 


3S 


49,108 


12,171 


701 


62 


4'-.. 


606 


1,047 


60 


?4,010 


8,:?M 


,;l'. 


3 68 


1,739 
2,544 
2,492 
2,288 
1,226 
1,261 
1,952 
2,019 
2,637 
2,460 
3,747 
1,591 
3,728 
6,253 
4,381 
4,129 
2,806 
2,760 
2,344 
2,579 
3,894 
4,354 
3,130 
3,590 
2,242 
1,217 
1,574 


929 

1,341 

1,169 

876 

514 

379 

1,153 

578 

685 

562 

1,458 

563 

975 

2,060 

1,960 

1,374 

989 

1,147 

821 

814 

1,266 

1,648 

1,215 

1,209 

413 

68 

<^7 


23 
65 
67 
48 
23 
22 
16 
10 
31 
23 
49 
23 
38 
145 
104 
115 
86 
54 
113 
88 
143 
184 
111 
218 
46 
45 
32 


35 
11 
20 
38 
80 
23 
20 

4 
69 

4 

5 
6 
22 
10 
20 
10 
15 
28 
28 
76 
30 
45 
30 
33 
40 
145 


66 
73 
56 
90 
64 
36 
117 

82 

51 
67 
56 
56 
147 
126 
12° 
78 
79 
75 
31 
192 
174 
156 
104 
65 
31 
34 


2 3 
32 
31 
17 
17 
35 
46 
27 
58 
46 
113 
30 
61 
154 
120 
131 
85 
126 
107 
125 
154 
198 
150 
144 
98 
25 
36 


105 
116 
81 
35 
7 

65 

27 
20 
34 
191 
32 
22 
43 
51 
20 
1 
16 

24 
18 

3 

1 


20 
16 
28 
25 
IQ 
38 
14 
77 
154 
138 
200 
111 
138 
285 
187 
79 
82 
132 
55 
73 
168 
177 
69 
64 
117 
76 
16Q 


15 
28 
38 
21 
23 

4 
53 
32 
12 

2 

4 
41 

8 
39 
24 
19 
14 
42 
53 
57 
48 
72 
72 
173 
338 


222 
422 
515 
667 
204 
124 
7Q 
608 
220 
493 
623 
152 
1,367 
617 
456 
432 
bOl 
423 
259 
524 
539 
409 
523 
559 
680 
417 
210 


363 

452 

496 

454 

279 

571 

433 

632 

1,265 

1,077 

1,027 

bl2 

1,062 

2,738 

1,358 

1,790 

850 

750 

862 

802 

1,302 

1,455 

808 

1,174 

712 

338 


I'j 


^.69 


(-, 


^ 69 


20 


5 70 


16 


6 71 


12 


7_72 


2 


7 72 


10 


7 


5 


7 72 


8 


3 


27 


3 


75 


3 


33 


5 


52 


3 


59 





28 





39 


1 


27 


1 


?) 




24 


2 


44 


3 


71 




64 




48 




37 




28 


5 85 


15 


3 83 


1':. 











Footnotes at end of Sect! 



ntinued on following page 



70 



Treasury Bulletin 



.TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1967. 



Section I - Securities Issued or Guaranteed by the United States Government 
Table 3. - Interest-Bearing Public Marketable Securities by Issues - (Continued) 









(Par values - 


in millions 


of dollar 


s) 














Total 
amount 
outstand- 
ing 


Held by investors covered in [r-a.-ury Survey 


Held by 
all 
other 
inves- 
tors 4/ 


Memorandum: 
Held by 




5,336 

clal 
banks 


503 

mutual 

savings 

ba nk 3 


Insurance companies 


savings 
and loan 


469 

corpo- 


State and local 
governments 


U.S. Govern- 
ment invest- 
ment accounts 
and Federal 




295 
life 


469 I'ire, 

casualty, 
and 


22,570 




316 

general 

funds 


190 

pension 
and re- 
tirement 
fund; 


corporate 
pension 

trust 
funds 5y' 


Treasury bonds - (Continued): 

i% Feb. 1980 


2,604 
1,910 
1,121 
3,817 
250 
1,560 
4,890 
1,8Q8 
4,382 

c'7,418 


108 
122 

83 

236 

4 

19 
167 

25 

58 


83 
95 
27 

211 
6 
29 

313 
37 

356 

3,084 


174 
393 
133 
199 
33 
94 
983 
46 
863 
3,772 


53 
53 
21 
248 
2 
41 
83 
20 
27 


39 
105 
163 
10 
37 
146 
29 
89 


1 

18 

21 
1 


129 
128 
155 

78 
5 

38 
265 
123 
201 


295 
106 
124 
810 
37 
518 
908 
121 
913 
5,077 

5,441 


746 
719 
193 

1,070 

68 

496 

1,159 

157 

905 

17,858 


951 
253 
279 
778 
84 
268 
865 
1,334 
971 

29,988 


38 




22 


3 1/i May 1985 


7 




104 




7 


4-1/8 May 1989-94 

3-1/2 Feb. 1990 

3 Feb. 1995 


18 
28 
12 

10 






Total Treasury bonds 


27,055 


2,886 


2,874 


990 


3,833 


1,054 


Total public marketable 
securities 


210, b7.:' 


A%v':- 


4,04f:. 


3,801 


3,516 


3,964 


4,022 


",3^4 


64,108 


66,706 


1,687 




















. 





Footnotes at end of Secti 



Table 4. - Interest- 



Bearing Public Nonmarketable Securities by Issues 

r values - ir, millions of dollars) 



Total 
amoimt 
out stand - 



stors covered in Tre 



5 , 3S6 
commer- 



mutual 
savings 



295 

life 



casualty, 



and loan 
ocia- 



316 
general 



U. S. Govern- 
ment invest- 
ment accounts 
and Federal 

Reserve banks 



Held by 
all 
other 
inves- 
tors 4/ 



Memorandum : 

Held by 

22,570 

corporate 

pension 

trust 

funds V 



U. S. savings bonds 

Series E 

Series H 

Series J and K. . . 



Total U. S. savings bonds.... 

Other U. S. securities : 

Certificates of indebtedness: 

Foreign Series 

Foreign Currency Series.... 

Treasury certificates 

Treasury notes: 

Foreign Series 

Foreign Currency Serier. .... 

Depositary bonds 

Treasury bonds: 

Foreign Series 

Foreign Currency Series.... 

R. E. A. Series 

Investment Series B 

Other 

U. S. retirement plan bonds.. 
U. 3. savings notes 



Total other U. S. securitie 



Total public nonmarketable 



Footnotes at end of Sectio 



^2,95^' 

7,B5B 

397 



31,213 



275 
431 
48 

205 
460 

45 



42,957 

7,853 

3S5 



August 1967 



.TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1967 



71 



Section II - Interest-Bearing Securities Issued by Federal Agencies But 
Not Guaranteed by the United States Government 



ui 

amount 
tstand- 



Held by investors 



5,886 

cigl 
banks 

i' !■' 



503 

mutual 
savings 
banks 

2/ 



i69 fire, 
casualty, 



savings 
ni loan 
ssocia- 



469 
corpo- 



State and loca 
g;overnments 



190 
pension 



U.S. Govern 
ment invest 
ment accounts 
and Federal 
Reserve banks 



morandum: 

Id Ly 
52,570 
corporate 
pension 
trust 
funds 5/ 



Banks for cooperatives : 

5.15? Aug. 1967 (Debentures) 
4-1/2 Oct. 1967 (Debentures) 
4.30 Nov. 1967 (Debentures) 
4.30 Dec. 1967 (Debentures) 

Total 

Federal home loan banks : 

5-3/4% July 1967 (Bonds) 

5-7/8 Aug. 1967 (Bonds) 

6-1/4 Sept. 1967 (Bonds) 

4-1/4 Sept . 1967 (Bonds ) 

6 Oct. 1967 (Bonds) 

6 Nov. 1967 (Bonds) 

5-3/4 Jan. 1968 (Bonds) 

4-3/8 Mar. 1968 (Bonds) 

5-3/8 Apr. 1968 (Bonds) 

5-3/8 Mar. 1969 (Bonds) 

Total 

Federal intermediate credit banks : 
(Debentures ) 

Federal land banks: 



6.05 

4-3/4 

5-3/4 

4-1/8 

4-1/2 

5-7/8 

5-1/8 

4-1/4 

5-1/4 

4 

4-1/4 

4-3/4 

4-3/8 

4-5/8 

4-1/4 

4-1/4 

5-1/8 

3-1/2 

5-1/8 

3-1/2 

3-7/8 

4-1/8 

4-1/2 

4-3/8 

5 

5-3/8 

5-1/8 

5 

Total 



% Feb. 


1967-72 


(Bonds). . 


July 


1967 


( Bonds ) . . 


Aug. 


1967 


(Bonds). . 


Oct. 


1967 


(Bonds).. 


Dot. 


1967 


(Bonds).. 


Oct. 


1967-70 


(Bonds).. 


Dec. 


1967 


(Bonds).. 


Jan. 


1968 


(Bonds).. 


Mar. 


1968 


(Bonds).. 


May 


1968 


(Bonds).. 


June 


1968 


(Bonds).. 


Aug. 


1968 


(Bonds).. 


Jan. 


1969 


(Bonds).. 


Mar. 


1969 


(Bonds).. 


July 


1969 


(Bonds). . . 


July 


1969 


(Bonds). . . 


Oct. 


1969 


(Bonds)... 


Feb. 


1970 


(Bonds)... 


Apr. 


1970 


(Bonds)... 


July 


1970 


( Bonds ) . . . 


May 


1971 


( Bonds ) . . . 


Sept. 


1972 


(Bonds)... 


Feb. 


1973-78 


(Bonds)... 


Feb. 


1974 


(Bonds)... 


Apr. 


1975 


(Bonds)... 


Feb. 


1976 


(Bonds)... 


July 


1976 


(Bonds)... 


Apr. 


1978 


(Bonds)... 


Jan. 


1979 


(Bonds)... 



243 
258 
252 



535 
590 
650 
185 
700 
500 
250 
250 
625 
300 



4,585 



302 
179 
150 
174 
75 
329 
161 
111 
242 
186 
160 
341 
100 
60 
130 
209 
82 
83 
85 
60 
109 
148 
155 
200 
123 
150 
150 



4,611 



102 
325 



37 
101 



192 
33 



104 

4S1 

331 
343 
351 
108 



160 
157 
239 
174 



49 
117 
113 
108 
104 

49 
141 



170 
104 



150 

65 



112 
130 
91 
101 
107 
13i 



Footnotes at end of table 



( Continued on following page ) 



72 



Treasury Bulletin 



TREASURY SURVEY OF OWNERSHIP, JUNE 30, 1967 



Section II - Interest- Bearing Securities Issued by Federal Agencies But 
Not Guaranteed by the United States Government - (Continued) 

(Par values - in millions of dollars) 



Total 
amount 
outstand- 
ing 



Held by investors covered 



r,ury burvey 



5,386 
commer- 
cial 



mutual 
saving: 

banks 



469 fire, 
casualty. 



and loan 
assoc 



;-]tate and loc 
governments 



190 
pension 



tirement 
funds 



U. S. Govern- 
ment invest' 
ment accounts 
and Federal 

banks 



Held by 
all 
other 
inves- 
tors 4/' 



Memorandum : 

Held by 

22,570 

corporate 

pension 

trust 

funds 5/ 



Federal National Mortgage 
Association ; 

Discount notes 

4-1/2^ Oct. 1967 (Debentures) 
3-5/8 Mar. 1968 (Debentures) 
4-3A June 1968 (Debentures) 
5-7/8 Sept. 1968 (Debentures) 
4-3/8 Apr. 1969 (Debentures) 
4.65 May 1969 (Debentures) 
5-l/8 July 1969 (Debentures) 
6 Dec. 1969 (Debentures) 
4-5/8 Apr. 1970 (Debentures) 
4-1/S Sept. 1970 (Debentures) 
4-1/8 Aug. 1971 (Debentures) 
4-1/2 Sept. 1971 (Debentures) 
5-1/8 Feb. 1972 (Debentures) 
4-3/8 June 1972 (Debentures) 
4-1/4 June 1973 (Debentures) 
4-1/2 Feb. 1977 (Debentures) 
Total 

Tennessee Valley Authority : 

Short-term notes 

4.4056 Nov. 1985 (Bonds) 

4-5/8 July 1986 (Bonds) 

4-1/2 Feb. 1987 (Bonds) 

5.70 May 1992 (Bonds) 

Total 

Total nonguaranteed securities. 



941 
150 
87 
400 
350 
88 
300 
250 
550 
142 
119 
63 
96 
98 
100 
146 
193 



33 
34 
19 
135 



inn 

254 



180 
46 

132 
74 

148 
85 



64 
104 



1/ Includes public debt not subject to statutory I iiui tation. For 'irDOiint 
subject to limitation, see page 1. 

2/ Excludes trust departments. 

2/ Includes trust companies and beginning with figures for July 1949, also 
includes stock savings banks. Previously, those banks were reported- 
as a separate classification. ^ 

ij Included with all other investors are those banks, insurance companies, 
savings and loan associations, corporations, and State and local govern- 
ment funds not reporting in the Treasury Survey. 2/ 

'J Consists of corporate pension trust funds and profit sharing plans 

which involve retirement benefits. The data are compiled from quarterly 8/ 
reports by trustees of funds which account for approximately 90 percent 2/ 
of United States Government securities held by all corporate pension 



trust funds. Since the data are not available each month, the regular 

monthly Survey includes holdings by these funds under "Held by all 

other investors," The quarterly data are presented as supplemental 

information in a memorandum column accompanying the Survey for each 

reporting date, beginning with December 31, 1953. 

United States savings bonds. Series E and J, are reported to the 

Treasury Survey at maturity value but have been adjusted to current 

redemption value for use in this statement. 

Includes %2\ million depositary bonds held by commercial banks not 

included in the Treasury Survey. 

Guaranteed securities are those held outside the Treasury. 

Holdings by reporting investors are not available. 

Less than $500,000. 



August 1967 



73 



.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1967_ 



The tables wnlch follow provide an analysis of the 
security holdings of commercial banks reporting In the 
Treasury survey of ovmershlp of securities Issued by the 
United States Government and by Federal agencies. The 
figures show the total holdings distributed according to 
Federal Reserve member bank classes and nonmember banks. 



This analysis of commercial bank ownerchlp was first 
published in the May igU^ Issue of the "Treasury Bulletin, " 
based on the survey data for December 3I, 19'4-3. 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 Government 

Table 1. - Summary of All Securities 

(I'ar values - in millions of dollars) 





Held by 
5,886 
commercial 
ba.iks I/' 


Fedt-Tal «-— r.-, ^omK.,. h^nk.: 






3,692 

banks 


189 Reserve city 


3, '03 


2,19i 




1.. 

Kbw i..i-k 

City 


LI 
'■hicago 


166 
other 


nonmemuer 
banks 


Public securities; 


i5,525 
80 1/ 

fo 


38,200 

i8 


;,335 
1 

10 


1,702 


1?,67? 
6 

U 


l?,i^l 
il 


",Vl 


Nonmarketable ^/ 


11 


Total public securities 


i ",'-'■ :■ 


3?,?05 




1,™ 


i:,.:P7 


lf.'':'H 


'■,iv> 



















Footnotes at end of Section II. 



Table 2. - Summary of Public Marketable Securities 

(iar values - in millions of dollars) 



Held by 
5,886 

commercia 
banks 1,' 



?sd.'r;a Reserve membe 



189 Reserve city 



2,19i 

banks 



By type of security : 
Issued by U. S. Government: 

Treasury bills 

Certificates of indebtedness... 

Treasury notes 

Treasury bonds 

Total 

By maturity distribution: 

Call classes (.due or first oecora 
callable) : 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

-0 years and over 

Total 

Maturity classes (final maturity) 

Within 1 year 

1 to 5 years 

5 to 10 years 

10 to 15 years 

15 to 20 years 

20 years and over 

Total 



at end of Sectio 



5,8U 

455 

12,171 

27,055 



18,291 

19,712 

6,633 

297 

83 
5OQ 



11,247 

24,919 

8,402 

230 

21s 

500 



15,535 

16,131 

5,728 

253 

62 

442 



38,200 



20,781 

7,323 

195 

132 

442 

38,.-' 00 



1,174 

107 

l,7n5 



2,327 
1,837 
1,026 

45 
6 

93 



317 

14 

402 

069 



865 
540 
230 



1,428 
64 



6,057 
4,409 
1,982 



6,725 

2,773 

48 



5,06i 
11,443 



6,336 

9,345 

2,490 

126 



/.,01u 

11,011 

3,117 

101 



1,110 

101 

j,o;'3 



4,138 
1,079 



74 



Treasury Bulletin 



-TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1967. 



Section I 



Interest-Bearing Securities Issued or Guaranteed by the United States Government 
Table 3. - Public Marketable Securities by Issues 



Held by 
5,886 



member banks 



T reasury bills ; 

Regular weekly and annua 
ma turing: 

July i967-Sept. 1967. 
Oct. 1967-Deo. 1967. 

Jan. 1968 

Feb. 1968 

Mar. 1968 

Apr. 1968 

May 1968 



June 



19b 



Total Treasury bills 



ertificates of indebtedness 
i-l/A% Aug. 1967-A 



3-3/A 
A-7/B 
5-5/8 

.;-V/. 

i-l/i 

5 

5-1/4 

5-3/8 

1-3/A 

4-3/i 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 

1-1/2 



notes ; 
Aug. 
Aug. 
Nov. 
Feb. 
Hay 
Aug. 
Nov. 
May 
Nov. 
Feb. 
May 
Oct. 
Apr. 
Oct. 
Apr. 
Oct. 
Apr. 
Oct. 
Apr. 
Oct. 
Apr. 



1967- 
1967- 



196a-r:.. 
1970-A . . 
1971-A.. 
1971-1-. . 
197:-A.. 
1972-S. . 
1967-Eu . 
19.J8-EA . 
1968-EO. 
1969-EA . 
1969-EO. 
1970-EA . 
1970-Eu. 
1971-EA. 
1971-EJ. 
1972-EA. 



Total Treasury notes. 



Treasury bonds ; 



.5-1/2 
2-1/2 

:;'-i,'2 
2-1/2 

2-1/2 

2-1/2 

^-1/2 
3-7/s 
3-3/A 

3-7/8 



i-1/8 

A-l/i, 
3-7/8 
A-1/4 
3-1/4 



Dec. 

June 

Dec. 

Mar. 

Mar. 

June 

Sept. 

Nov 

Dec 

May 

Aug 

Nov 

Feb 

Oct 

Feb 

Aug 

Aug 

Nov 

Feb 

Aug 

Aug 

Nov 

Feb 

May 

Nov 

May 



1963-68. 
1964-69. 
1964-&9. 
1965-70. 
1966-71 . 
19o7-72. 
1967-72. 
1967.... 
1967-72. 

1968 

1968.... 

1968 

1969i... 

1969 

1970 

1970 

1971 

1971 

1972 

1972 

1973 

1973.... 

1974 

1974 

1974 

1975-85. 
1978-33. 



758 
1,195 
1,265 



1,011 
1,25? 



2,172 


468 


1,440 


410 


108 


40 


220 


25 


296 


90 


86 


14 


317 


106 


4,734 


1,174 


d73 


38 


400 


121 


623 


40 


1,076 


332 


1,113 


377 


2,071 


135 


769 


57 


763 


262 


915 


187 


967 


164 


203 


25 


89 


9 



r'.i-2' 


1 ,-, ., 








,^ 


1,219 


104 


1,020 


46 


782 


58 


473 


20 


333 


29 


1,034 


49 


458 


2 


624 


85 


443 


17 


1,209 


127 


439 


3 


799 


71 


1,661 


113 


1,611 


188 


1,054 


67 



701 

707 

1,092 

1,420 

1,069 

1,027 

349 

62 



263 

178 
218 



50 
149 



1,146 
481 



131 


60 


130 


33 


34 


30 


;5 


24 


IrO 


11 


1,42a 


1 , •-'! 5 


71 
284 


l,-.c, 

148 
283 


100 


176 


245 


332 


359 


336 


268 


407 


491 


1,378 


144 


545 


204 


276 


317 


350 


205 


567 


97 


74 


35 


44 


5 


27 


16 


11 



2, •!■ 


%1'2. 


2,023 








412 


317 


107 


626 


394 


121 


500 


407 


149 


417 


276 


93 


233 


146 


41 


127 


127 


46 


498 


473 


118 


149 


303 


120 


327 


181 


61 


83 


335 


119 


389 


665 


249 


105 


317 


124 


225 


500 


176 


370 


1,090 


399 


445 


965 


349 


254 


728 


321 


233 


551 


182 


398 


470 


157 


266 


388 


120 


118 


361 


108 


383 


486 


174 


433 


633 


228 


478 


406 


146 


397 


380 


181 


139 


199 


64 



at end of Sect! 



August 1967 



75 



.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1967- 



Section I - Interest-Bearing Securities Issued or Guaranteed by the United States Government 
Table 3. - Public Marketable Securities by Issues - (Continued) 





(Par V 


ilues - in mill 


ions of dollars 












Held by 


Federal Reserve member banks 




















5,886 


3,6o? 


189 Reserve city 






2,1^4 




Goramercial 








•J C|-)'; 


nDnmember 


Issues 


banks 1/ 


member 
banks 


12 

New York 

City 


11 
Chicago 


loo 
other 


country 


banks 


Treasury bonds - (Continued): 
















i% Feb. 1980 


108 


go 


2) 






57 


20 


3-1/2 Nov. 1980 


122 


106 


20 


2 


39 


45 


16 


3-1/4 May 1985 


83 


62 


6 


» 


27 


29 


21 


A-l/i, Aug. 1987-92 


236 


195 


67 


59 


36 


32 


41 


4 Feb. 1988-93 


4 


4 


- 


* 


2 


1 


" 


4-1/8 May 1989-94 


19 


19 


1 


2 


12 


3 


1 


3-1/2 Feb. 1990 


167 


156 


24 


2 


52 


78 


11 


3 Feb. 1995 


2'' 


20 








16 


6 


3-1/2 Nov. 1998 


"/P 


40 


1 


1 


12 


"^-5 


q 


Total Treasury bonds 


27,05'. 


-■■•>, ^'04 




o,-,o 




11,44; 


4,ota 
















Total public marketable 


















45,525 


33,200 


5,'.i'. 


1,"02 


l?,n72 


18,4^-1 


7,324 







































at end of Section II. 



Table 4. - Public Nonmarketable Securities by Issues 

(Par values - in adllions of dollars) 





Held by 
5,886 
commercial 
banks 1/ 


Fe(ieral Re,;?erve member banks 




Issues 


3,692 
member 

banks 


18Q Reserve city 


3 , 503 
coimtry 


2,1°4 




12 

New York 

City 


11 
Chicago 


other 


banks 


U. S. savings bonds: 2/ 

Series E 

Series H 

Series J and K 


- 


- 


- 










Total U. S. savings bonds 






- 


- 


- 






Other U. S. securities: 

Certificates of indebtedness: 


45 2/' 
35 


21 
27 


1 


_ 


4 
/' 2 


17 
23 






_ 




- 


Treasury notes : 






_ 


Depositary bonds 

Treasury bonds : 

Foreign Series 


3 


R. E. A. Series 

Investment Series B 

Other 

U. S . retirement plan bonds 

U. S. savings notes 


8 


Total other U. S. securities 


80 -■., 


4^ 


1 


- 




41 


11 


Total public nonmarketable 
securities 


80 3/ 


43 


1 


_ 




41 


11 



















Footnotes at end of Se 



76 



Treasury Bulletin 



-TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1967_ 



Section II - Interest-Bearing Securities Issued by Federal Agencies But 
Not Guaranteed by the United States Government 



commercial 
banks 1/ 



member 
banks 



New York 
City 



Chicago 



nonmember 
banks 



>.nkg for coooerat ivesr 
5.15:? 'ug. I'^fe" (Debenluros) 
i-l/i Jot. 1967 (Debentures) 
/,.30 Nov. 1967 (Debentures) 
4..W Deo. 1967 (Debentures) 
Total 

Federal home loan banks ; 

5-3A? July 1967 (Bonds) 

5-7/8 Aug. 1967 (Bonds) 

6-lA Sept. 1967 (Bonds) 

4-1/4. Sept. 1967 (Bonds) 

6 Oct. 1967 (Bonds) 

6 Nov. 1967 (Bonds) 

5-3/4 Jan. 1968 (Bonds) 

4-3/8 Mar. 1968 (Bonds) 

5-3/8 Apr. 1968 (Bonds) 

5-3/8 Mar. 1969 (Bonds) 

Total 

F^dpral intermeaxate credit banks : 
( Debentures ) 

Federal land banks : 

4-1/8% Feb. 1967-72 (Bonds).. 

6.05 July 1967 (Bonds).. 

4-3/4 Aug. 1967 (Bonds).. 

5-3/4 Oct. 1967 (Bonds).. 

4-1/8 Oct. 1967 (Bonds).. 

4-1/2 Oct. 1967-70 (Bonds).. 

5-7/8 Dec. 1967 (Bonds).. 

5-1/8 Jan. 1968 (Bonds).. 

4-1/4 Mar. 1968 (Bonds) . . 

5-1/4 May 1968 (Bonds).. 

4 June 1968 (Bonds).. 
4-1/4 Aug. 1968 (Bonds).. 
4-3/4 Jan. 1969 (Bonds).. 
4-3/8 Mar. 1969 (Bonds).. 
4-5/8 July 1969 (Bonds).. 
4-1/4 July 1969 (Bonds).. 
4-1/4 Oct. 1969 (Bonds).. 
5-1/8 Feb. 1970 (Bonds).. 
3-1/2 Apr. 1970 (Bonds).. 
5-1/8 July 1970 (Bonds).. 
3-1/2 May 197] (Bonds).. 
3-7/8 Sept. 1972 (Bonds).. 
4-1/8 Feb. 1973-78 (Bonds).. 
4-1/2 Feb. 1974 (Bonds).. 
4-3/8 Apr. 1975 (Bonds).. 

5 Feb. 1976 (Bonds).. 
5-3/8 July 1976 (Bonds).. 
5-1/8 Apr. 1978 (Bonds).. 
5 Jan. 1979 (Bonds).. 

Total 



Foo!. 



jf table. 



(Continue-i on following pnge) 



Aagust 1967 



-TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1967- 

Section II - Interest-Bearing Securities Issued by Federal Agencies But 
Not Guaranteed by the United States Government - (Continued) 



77 



Held bv 
5,886 

commercial 
banks 1/ 



Federal National Mortgage 
Association : 

Discount notes 

4-1/2% Oct. 1967 (Debentures) 

3-5/8 Mar. 1968 (Debentures) 

4-3/i June 1968 (Debentures) 

5-7/8 Sept. 1968 (Debentures) 

i-3/8 Apr. 1969 (Debentures) 

4..65 May 1969 (Debentures) 

5-1/8 July 1969 (Debentures) 

6 Dec. 1969 (Debentures) 

i-5/8 Apr. 1970 (Debentures) 

i-1/8 Sept. 1970 (Debentures) 

i-1/8 Aug. 1971 (Debentures) 

i-1/2 Sept. 1971 (Debefttures ) , 

5-1/8 Feb. 1972 (Debentures) 

i-3/8 June 1972 (Debentures) 

A-l/A June 1973 (Debentures), 

4-1/2 Feb. 1977 (Debentures), 

Total , 

Tennessee Valley Authority : 

Short-term notes 

4.40% Nov. 1985 (Bonds) 

4-5/8 July 1986 (Bonds ) 

4-1/2 Feb. 1987 (Bonds) 

5.70 May 1992 (Bonds) 

Total 

Total nonguaranteed securities.... 



3,69? 

member 
banks 



14 
110 



l,r,(-io 



2,194 

nonmember 

banks 



1/ Includes trust companies and stc 
ties held in trust departments. 



vings banks but 



United States savings bonds. Series J are reported to the Treasury 
,?urvey at maturity value but have been adjusted to current redempt 



value for use in tins statement. 
2/ Total includes $21 million depositary bonds held hy commercial banks 

not included in the Treasury Survey. 
4/ Guaranteed securities are those held outside the Treasury. 
» Less than $500,000. 



78 



Treasury Bulletin 



-MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1967. 



Current market quotations shown here are over-the- 
counter closing bid quotations in the New York market 
for the last trading day of the month, as reported to 
the Treasury by the Federal Reserve Bank of New York. 



The securities listed include all regularly quoted public 
marketable securities issued by the United States Treas- 
ury. Securities issued by Federal agencies and guaranteed 
by the United States Government are excluded. 



Table 1. - Treasury Bills 



Amount outstanding 
(millions) 


Issue 


date 


Maturity 


Bank 


iiscount 


Amount outstanding 
(millions) 


Issue date 


Maturity 
date 


Bank 


discount 


13-ueek 


26-„ee. 


13-ueek 


26-week 


date 


Bid 


Change from 
last month 


''-■-mnnth 


one-year 


Q-month 


one-year 


Bid 


Change from 
last month 


$1,301 


(■1,002 


5A/67 


2/2/67 


"•/i/h? 


l.o*"'/ 


.00?; 


t501 


tl,000 


11/30/66 


8/31/66 


8/31/67 


3.85^ 


-.10^ 


1,301 


1,000 


5/11/67 


2/9/67 


8/10/67 


3.85 


-.10 


500 


900 


12/31/66 


9/30/66 


9/30/67 


3.92 


-.08 


1,301 


1,001 


5/18/67 


2/16/67 


8/17/67 


3.85 


-.10 


501 


905 


1/31/67 


10/31/66 


10/31/67 


4.20 


+.05 


1,300 


1,000 


5/25/67 


2/23/67 


8/24/67 


3.85 


-.10 


500 


900 


2/28/67 


11/30/66 


11/30/67 


4.22 


-.18 


1,300 


l,00i 


6/1/67 


3/2/67 


8/31/67 


3.85 


-.10 


500 


901 


3/31/67 


12/31/66 


12/31/67 


4-25 


-.15 


1,300 


1,000 


6/8/67 


3/9/67 


9/7/67 


3.30 


-.20 


500 


901 


4/30/67 


1/31/67 


1/31/68 


4.63 


+ .03 


1,300 


1,002 


6/15/67 


3/16/67 


9/14/67 


3.85 


-.15 


^00 


OQI 


5/31/67 


2/28/67 


2/29/68 


4.75 


-.05 


1,300 


1,000 


6/22/67 


3/23/67 


9/21/67 


3.87 


-.13 


500 


aOO 


6/30/67 


3/31/67 


3/31/68 


4.86 


-.04 


1,300 


1,000 


6/29/07 


3/30/67 


9/28/67 


3.92 


-.03 


c on 


902 


7/31,''67 


4/30/67 


4/30/68 


4.92 


+.07 


1,302 


1,001 


7/6/67 


4/6/67 


10/5/67 


4.08 


-.01 




900 




5/31/67 


5/31/68 


4.88 


+.06 


l.iOO 


1,001 


7/13/67 


4/13/67 


10/13/67 


4.11 


+.01 




1,001 




6/30/67 


6/30/68 


4.87 


-.03 


l,i01 


1,001 


7/20/67 


4/20/67 


10/19/67 


4.11 


-.01 




l.'JOl 




7 <1 '•-,? 


7'^n 'f,a 


4.°. J 




1,401 


1,000 

1,000 


7/27/67 


4/27/67 
5/4/67 


10/26/67 
11/2/67 


4.12 
4.22 


-.03 
-.12 






























1,000 




5/11/67 


11/9/67 


4.23 


-.12 








Bank c 






1,001 




5/18/67 


11/16/67 


4.23 


-.15 


Amoilnt outstanding 

(millions) 




Maturity 
date 








1,000 




5/25/67 


11/24/67 


4.23 


-.17 


Issue date 




Change from 




1,001 




6/1/67 


11/30/67 


4.22 


-.18 












1,001 




6/8/67 


12/7/67 


4.25 


-.15 














1,000 
1,000 




6/15/67 
6/22/67 


12/14/67 
12/21/67 


4.25 
4.25 


-.15 
-.13 


























1,000 




6/29/67 


12/28/67 


4.25 


-.16 




Tax anticipation 


bills 








1,000 

1,000 




7/6/67 
7/13/67 


1/4/68 
1/11/68 


4.58 
4.59 


- 


























1,001 




7/20/67 


1/18/68 


4.60 


- 


$2 , 003 


7/ll/'67 


3/22/b8 


4.85?= 


_ 




1 , 000 




7/27/67 


1/25/63 


4.60 


- 


2,001 


7/11, 67 


4/22/b8 


4.91 


- 



Table 2. - Certificates of Indebtedness 

(Price decimals are 32nds) 



Amouiit 

outstanding 

(millions)" 


Desc 


riptlon 




Issue 

date 


Price 


Yield 


Pid 


Change from 
last month 


To maturity 


Change from 
last month 


$5,611 


5-1,4? 


- 8/15 


'67- A 


3/15.''-' 


100.01 


-.02 


4.21? 


-.12? 



Table 3. - Treasury Notes 













I Price j 


ciraals are 


32nds) 
















Description 


Fri 


ce 


Yield 




Pric 


e range since 


first trade 


V 


outstaniiirig 


Bid 


Change 


To 


:hanFe 


Issue 


K 


igh 


L 


^w 




















month 




morth 




Price 


Date 


Price 


Date 




OOJ 


>-3/4/ 
4-7/8 


? 15/ '-^-A 


«'. 11 


+ .O0A 


4.54/ 


+ .4-' 


lc,,',.,2 


101.06 


12/24/62 


98.02 


1/4/66 




' " 




100.00 


-.02 


4.77 




2/15/66 


100. 10|- 


4/13/67 


99.02 


8/29/66 










100.04 


-.01* 


4.39 


+ .03 


5/15/66 


100.17 


5/18/67 


98.19 


8/29/66 








2/15/68-A 


100.15 


-.03 


4.73 


+ .06 


11/15/66 


101.10 


4/13/67 


99.30 


11/14/66 








5/15/68-B 


99.25 


-.02 


f.Oi 


+ .10 


2/15/67 


100.24 


4/10/67 


99.22 


7/24/67 




..... 


4-1 4 


8/15/68-C 


99.06 


+ .01 


-' . Oc 


+ .0.T 


5/15/67 


100.02 


5/3/67 


99.02 


7/25/67 














5 .'-2 


-.07 


2/15/66 


102.09 


4/7/67 


96.19 


8/29/66 




„ 




5/15/ 71-A 




+ .12 


^ . 10 


-.11 


8/15/66 


103.09 


4/7/67 


97.31 


8/29/66 




'" 


-3 ■- 


11/15/71-B 




+ .17 


5 . U 


-.14 


11/15/66 


104.02 


4/10/67 


99.27 


11/14/66 




' 




2/15/7;-A 


98.18 


+1.03 


5.11 


-.27 


2/15/67 


101.16 


4/10/67 


97.14 


7/3/67 




310 


4-3/4 


5/'15/72-B 


98.15 


+1.03 


5.11 


-,.■,-. 


5/15/67 


100. Oi 


^,/l2/67 


97.10 


7/3/67 








'-^9.12 


+.05 


•'. -1 


+ . 71 


lO:'l/fj? 


99.12 


7/31/67 


02.00 


10/1/62 




1-1/2 


10/1/68-F.O 


96.20 


+ .05 


4.^1 


+ .O.? 


4/1/63 
10 'i,/./// 


98.06 

06.30 


6/12/67 

4/13/67 


91.02 
90.08 


7/17/63 
3/25/64 






4/l/t>°-EA 


95.02 


+.10 


4.60 


-.07 


4/'l/64 


05.28 


4/10/67 


89.25 


4/6/64 


1^9 
88 


1-1,2 


10;'l/6O-E0 


93.18 


+.06 


4.00 


-.56 


10/1, oi 


04.2s 


4/12/67 


89.02 


9/15/66 




4/1/70-EA 


92.08 


+ .14 


4.02 


-.70 


4/1/65 


93.24 


4/11/67 


87.26 


8/29/66 






10/ 1/70- EO 


90.28 


+ .10 


4.03 


-.64 


10/1/65 


92.24 


4/12/67 


86.08 


8/29/66 






4/1/71-EA 


89.18 


-.02 


4.03 


-.51 


4/1/66 


91. .28 


4/'10/67 


85.03 


9/21/66 


19 




10/1/71-EO 


88.04 


+ .04 


1..0" 


- . 58 


10/1,'6.', 


90.24 


4/14/'67 


84. 16 


10/17/66 




4/'l/72-EA 


P.(,.2i 


-.06 


.. 


+ .10 


4/1/67 


89.26 


4/'7/67 


86.18 


7/12/67 


Footr 


ote at e 


'.d of Tabl 


e 4. 





















August 1967 



-MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1967 



79 



Table 4. - Treasury Bonds 

(Price decimals are 3^nds) 









Pri.'p 


Yield 


Issue 


Price 


range since 


first trade 


i 1 


Amount 
out- 




Change 


To first C 


ange 


Hi 


gh 


Low 


standing 




Description 




from 


call or f 




date 


















(millions; 






Bid 


last 


maturity 1 


St 




















month 


2/ 


nth 




pT-ice 


Dal p 


Price 


Da t.P 


$2,019 


3-5/if/ 


11/1 '/(J? 


99.25 


+ .01 


,, ^ rH ., 


i„ ^ 


1 . . 


loo..:h 


12/24/b2 


97.16 


3/27 6.6 


2,460 


3-7/8 


5/15/68 


■59. o; 


.';("! 


'*.■-•■-' + 


h 


1 ^^ . 


102.04 


5/12/cl 


96.08 


3/29/+t 


3,7-17 


3-3/4 


8/15/68 


98.22 


^.n:■ 


". 'V + 


04 


4 '13 '.2 


101.06 


12/26/62 


95.17 


8/29/66 


1,591 


3-7/8 


11/15/68 


98.15 


-.03 


5.12 + 


14 


^. 1 ' , i 


99.19 


4/7/67 


95.09 


8/29/66 


1,789 


2-V2 


l?/l5/63-68 


97.04 


+ .16 


4.69 


25 


12/1/42 


108.03 


4/6/46 


82.08 


1/6/60 


3,728 


4 


2/15/69 


98.18 


.00 


4.98 + 


04 


3/15/62 


102.08 


12/24/62 


94.30 


3/29/66 


2,5W 


2-1/2 


6/15/64-69 


96.04 


+ .19 


4 . ij9 


24 


4/15/43 


107.25 


4/6/46 


81.10 


1/6/60 


6,252 


4 


10/1/69 


97.31 


+.o: 


■=.00 


00 


10/1/57 


110.14 


4/21/58 


93.29 


8/29/66 


2,492 


2-1/2 


12/15/64-69 


95.03 


+ .19 


4.71 


20 


9/1 5/43 


107.24 


4/6/46 


81.04 


1/6/60 


4,381 


4 


2/15/7C 


97.22 


+ .14 


4.9^" 


U-, 


1/15/65 


99.19 


1/22/65 


93.08 


8/29/66 


2,288 


2-1/2 


3/15/65-70 


94.25 


+ .21 




21 


2/1/44 


107.23 


4/6/46 


80.10 


1/6/60 


4,129 


4 


3/15/70 


97.03 


+.11 


5.0.; 


10 


6/20/63 


100.14 


8/2/63 


92.18 


8/29/66 


1,226 


2-1/2 


3/15/66-71 


93. 0.'. 


+ .26 


-,.5'-- 


.-1 


12/1/44 


107.22 


4/6/46 


79.28 


1 /6/60 


g,dOo 




8/15/71 


96.07 


+.29 


;.0; 


23 


3/1/62 


101.27 


12/26/62 


91.30 


8/29/66 


2,760 


3-7/8 


11/15/71 


95.08 


+ .26 


'.12 


20 


5/15/-2 


100.28 


12/26/62 


90.25 


8/29/66 


2,344 


4 


V15/72 


95.18 


+1.00 


5.11 


23 


U/15/62 


101.20 


12/26/62 


91.02 


8/29/66 


1,259 


2-1/2 


6/15/67-72 


90.16 


+ .28 




13 


6/1/45 


106.16 


4/6/46 


79.12 


1/6/60 


2,579 


4 


8/15/72 


95.04 


+ .28 


5.11 


19 


9/15/62 


101.20 


12/26/62 


90.24 


3/29/66 


1,952 


2-1/2 


9/15/67-72 


90.02 


'1.00 


4.71 


20 


10/20/41 


109.18 


4/6/46 


78.24 


1/6/60 


2,635 


2-1/2 


12/15/67-72 


89.16 


+ .30 


4.74 


13 


11/15/45 


106.16 


4/6/46 


79.06 


1/6/60 


3,894 




8/15/73 


94.00 






14 


9/15/63 


99.00 


11/12/64 


89.24 


8/29/66 


4,354 


4-1/8 


11/15/73 


94.20 


• l.no 


5^14 


13 


7/?2/64 


100.01 


11/12/64 


90.09 


8/29/66 


3,130 


4-1/8 


?/15/74 


94.18 


+1.04 


5.11 


20 


1/15/65 


99.18 


1/22/05 


90.08 


8/29/66 


3,590 


4-1/4 


5/15/74 


95.00 


+1.CT 


5.13 


17 


5/15/64 


101.07 


11/12/64 


91.06 


8/29/66 


2,242 


3-7/8 


11/15/74 


92.08 


+ . --4 


5.H. 


12 


12/2/^^7 


110.24 


4/22/58 


88.06 


8/29/66 


1,217 


4-1/4 


5/15/75-85 


90.28 


+.!;■ 


'-.ii-'. 


:-| -: 


4.''./ti0 


105.28 


5/5/61 


88.30 


8/29/66 


2,604 


4 


2/15/30 2/ 


89.08 


-.n:-. 


5.1.^. + 


:.).: 


1/23/50 


103.13 


5/12/61 


87.30 


8/29/66 


1,910 


3-1/2 


11/15/80 2/ 


84.06 


- . r)6 


' . Ill + 


0.' 


10/3/60 


97.24 


5/12/61 


83.30 


7/26/67 


1,573 


3-1/4 


6/15/78-83 3/ 


81.08 


+1.0. 


4.97 


i:: 


5/1/53 


111.23 


8/4/54 


79.24 


6/27/67 


1,120 


3-1/4 


5/15/85 y 


81.08 


+1.0?. 


4 . 33 


12 


6/3/58 


101.04 


6/11/53 


79.20 


6/27/67 


4,890 


3-1/2 


2/15/90 2/ 


81.14 


+1.10 


4. '■'7 


10 


2/14/53 


10+ .26 


4/21/58 


79.22 


8/29/66 


3,817 


4-1/4 


8/15/87-92 3/ 


88.14 


+ .1.: 


5.07 


3 


3/15/62 


104 . 10 


12/26/62 


87.26 


6/27/67 


250 


4 


2/15/38-93 3/ 


85.14 


- . 0. , 


S.02 + 


lU 


1/17/63 


mo. 11 


1/16/63 


85.02 


7/26/67 


1,560 


4-1/8 


5/15/39-94 1/ 


86.18 


+ .14 


5.05 


n "': 


4/13/63 


100.26 


8/28/63 


86.00 


6/27/67 


1,884 


3 


2/15/95 3/ 


80.26 


+1 . Ji 


4.13 


08 


2/15/55 


101.12 


6/8/55 


73.13 


8/29/66 


4,380 


3-1/2 


11/15/98 2/ 


81. in 


+ 1.0.'-' 






10/3/60 


95.14 


5/12/61 


78.26 


8/29/^+ 



1/ Beginning April 1953, prices are closing bid quotations in the over- 
the-counter market. Prices for prior dates are the mean of closing 
bid and ask quotations. "V/hen issued" prices are included in the 
history beginning October 1941. Dates of highs and lows in case of 
recurrence are the latest dates. 



On callable issues mark 
call date as more signi 
and to maturity when it 
Included in the average 
as shovm under "Average 



convention treats the yield to enr 
cant when an issue is selling above 
s selling at par or below. 
ield of long-term taxable Treasury 
ields of Long-Term Bonds." 



80 



Treasury Bulletin 



MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1967 



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August 1967 



AVERAGE YIELDS OF LONG-TERM BONDS 



Table 1. - Average Yields of Treasury and Corporate Bonds by Periods 



81 



Treasury 



Moody's Aa 
corporate 



Treasury 
bonds 1/ 



Moody's A 
corporate 
bonds 



Treasury 
bonds 1/ 



Moody ' s Aaa 

corporate 

bonds 



calendar year average 



19i3 
19-U 
19i5 
19i6 
19i7 
19-18 
1949 
1950 



1Q51. 
195?. 
W53. 
195i. 
I'Ji?. 
ic>56. 
1^57. 
1Q5S. 



2.9i 
2.55 
?.84 
3.08 
3.i7 
3.i3 



2.96 
3.20 
2.00 
3.06 
3.36 
3.89 
3.79 



105'5. 
1960. 
1961. 
1962. 
1963. 
196i. 
1965. 
1966. 



i.08 
4.02 
3.90 
3.95 
4.00 
4.15 
4.21 
4.65 



4.38 
4.41 
4.35 
4.33 
4.26 
4.40 
4.49 
5.13 



averages of daily serie 



Treasury 
bonds 1/ 



Moody ' s 
Aaa 

corporate 
bonds 



Moody ' s 

Aaa 

corporate 



Treasury 
bonds 1/ 



Moody ' s 
Aaa 

corporate 



Treasury 
bonds 1/ 



Moody ' £ 



Moody ' s 
Aaa 

corporate 
bonds 



Treasury 

bonds 1/ 



Moody ' £ 



January. . 
February. 
March. . . . 

April 

May 

June 

July 

August . . . 
September 
October. . 
November. 
December. 

January. . 
February . 
March. , . . 

April 

f4y 

June 

July 

August. . . 
September 
October. . 
November. 
December. 



2.° 3 1'' 


3.10 


3.07 


3.24 


2.97 


3.28 


2.Q3 


3.27 


3.00 


3.28 


3.17 


3.43 


3-21 


3.56 


3.20 


3.59 


3.30 


3.60 


3.40 


3.75 



1957 



3.34 
3.22 
3.26 
3.32 
3.40 
3.58 2/ 
3.60 
3.63 

3.66 2/1/ 
3.73 
3.57 2/ 
3.30 2/ 



1.77 
3.67 
3.66 
3.67 
3.74 
3.91 

3.90 
4.10 
4.12 
4.10 
4.08 
3.81 



3.24 2/ 

3.28 

3.25 

3.12 

3.14 

3.20 2/ 

3.36 
3.60 
3.75 
3.76 
3.70 
3.80 

V 
3.01 2/ 
3.°2 
3.92 
4.01 
4.08 
4.09 

4.11 

4.10 

4.26 

4.11 2/ 

4.12 

4.27 



ISiS 



3.60 
3.59 
3.63 
3.60 
3.57 
3.57 

3.67 
3.85 
4.09 
4.11 
4.0° 
A. OP 

4.12 
4.14 
4.13 
4.23 
4.37 
4.46 
4.47 
4-43 
4.52 
4.57 
4.56 
4.58 



4.37 

4.22 

4.08 

4.18 2/ 

4.16 

3.98 

3.86 

3.79 
3.84 2/ 
3.91 
3.93 
3.88 

V 
3.89 
3.81 
3.78 
3.80 
3.73 
3.88 

3.90 
4.00 
4.02 
3.98 



4.61 
4.56 
4.49 
4.45 
4.46 
4.45 

4.41 
4.28 
4.2f 
4.30 
4.31 
4.35 

4.32 
4.27 
4.22 
4.25 
4.27 
4.33 

4.41 
4.45 
4.45 
4.42 
4.39 
4.42 



3.88 
3.90 

4.02 2/ 

3.98 

3.°4 



3.87 

1963 
3.89 2/ 
3.92 
3.03 
3.07 2,' 
3.97 
4.00 

4.01 
3.99 
4.04 
4.07 
4.11 
4.14 



4.42 
4.42 
4.39 
4.33 
4.28 
4.28 

4.34 
4.35 
4.32 
4.28 
4.25 
4.24 

4.21 
4.19 
4.19 
4.21 
4.22 
4.23 
4.26 
4.29 
4.31 
4.32 
4.33 
4.35 



4.15 
4.14 
4.18 
4.20 
4.16 
4.13 

4.13 

4.14 

4.16 

4.16 

4.12 2/ 

4.14 



4.37 
4.36 
4.38 
4.40 
4.41 
4.41 

4.40 
4.41 
4.42 
4.42 
4.43 
4.44 



1965 



4.14 

4.16 

4.15 

4.15 

4.14 1/ 

4.14 

4.15 
4.19 

4.25 
4.28 
4.34 
4.43 



4.43 
4.41 
4.42 
4.43 
4.44 
4.46 

4.48 
4.40 
4.52 
4.56 
4.60 
4.68 



4.43 
4.61 
4.63 
4.55 
4.57 
4.63 

4.75 
4.80 
4.79 
4.70 
4.74 
4.65 



4. SI 

4.76 



4.74 
4.78 
4.92 
4.96 
4.98 
5.07 

5.16 
5.31 
5.49 
5.41 
5.35 
5.39 



1967 



5.03 
5.13 



5.24 
5.44 



Treasury 
bonds 1/ 



Moody ' £ 
corpora 
bonds 



1 reasury 
bonds 1/ 



Moody's A 
corporate 
bonds 



Treasury 

bonds 1/ 



Moody ' s Aaa 
corporate 

bonds 



- average of daily series for weeks ending 



]9b7-February 3. 



4.49 
4.55 



5.02 
5.00 
5.01 
5.05 

^.n 

5.12 
5.13 



1967-April 7. 



4.45 
4.54 



4.67 
4.75 
4.79 



5.11 
5.12 
5.11 
5.11 

5.16 
5.19 
5.26 



1967-June 2 
9 
16, 
23. 
30, 

July 7. 



4.74 
4.76 
4.85 
4.94 
4.95 

4.89 



5.36 
5.37 
5.39 
5.45 
5.56 

5.58 
5.59 
5.56 

5.57 











Dally sei 


ies unweighted 


averages 








1967-Ju:y 




""v 


It 


l'"--July 12 

13 


I'V-. 




1 ""-July 21 




5.56 




5... 


4 . M 


b.V' 


14 


J,.7-i 


5.56 


24 


4.88 


5.56 




h.. . 


4.3b 


5.59 








25 


4.90 


5.55 




7. .. 


4.38 


5.58 


17 

1 " 


4.78 


5.55 
5.55 


26 


4.93 

4.01 


5.57 
5.57 




10... 


4 . ?■" 


' . i ,] 






"i.S' 




4. ■"■',' 


5.60 




11... 




s.' 1 








31 


4 . 90 


5,60 



Source: Beginning April 1953, Treasury bond yields are reported to the 
Treasury by the Federal Reserve Bank of New York, based on closing 
bid quotations in the over-the-counter market. Yields for prior 
periods were computed on the basis of mean of closing bid and ask 
quotations. Moody's Investor Service is the source for the average 
of Aaa corporate bonds. 
Series includes bonds on which the interest income is subject to 



1/ 



normal tax and surtax which are neither due nor callable before a 

given number of years as follows: April 1953 to date, 10 years; 

April 1952 - March 1953, 12 years; October 19^1 - March 1952, 15 years. 

For bonds currently in the series, see Table 4. xinder "Market Quotatione 

on Treasury Securities" in this issue of the Bulletin. 

One or more new long-term bonds added to the average (see footnote 1). 

An existing bond dropped from the average (see footnote l). 

Market closed. 



82 



Treasury Bulletin 



AVERAGE YIELDS OF LONG -TERM BONDS 



a 

z 
o 
m 

LU 

o 

Q. 

O 

o 



>- 
cr 

LU a3 
0^(A 



a: 

LU 

6 

z 
o 



(/) 

Q 

_j 
LU 

>- 
LU 

CD 

< 
tr 

LU 




August 1967 



83 



INTERNATIONAL FINANCIAL STATISTICS. 



The tables in this section are designed to provide data 
on United States reserve assets and liabilities and other 
statistics related to the United States balance of payments and 
international financial position. A number of changes were 
introduced in the May 1967 Bulletin to increase the usefulness 
of this section. 

Table 1 has been revised to include in the reserve assets 
of the United States its reserve position in the Internationa] 
Monetary Fund. In accordance with Fund policies the United 
States has the right to draw foreign currencies equivalent to 
this amount virtually automatically if needed. (Under appro- 
priate conditions the United States could draw additional 
amounts equal to the United States quota of $5,160 million.) 
This revised presentation corresponds to the treatment of 
United States monetary reserves in the United States balance of 
payments accounts. 

Table 2 brings together the various statistical components 
of the liabilities which enter into the United States balance 
of payments calculated on the liquidity basis. The inclusion 
of the United States reserve position in the International 
Monetary Fund in Table 1 requires that the "holdings of 



dollars" of the Fund be excluded from the data on liabilities 
to foreigners, in order to avoid double counting. For further 
explanation of this change in the liabilities statistics, see 
headnote to "Capital Movements" section. 

Table 3 (formerly Table 5), presenting an area breakdown 
of United States liquid liabilities to official institutions 
of foreign countries, has been revised to include holdings of 
convertible nonmarketable United States Government securities 
with an original maturity of more than one year. 

Table ^ (formerly Table 2) is virtually unchanged and 
shows United States Treasury nonmarketable bonds and notes 
issued to official institutions of foreign countries. 

Table 5 sets forth the factors which affect the United 
States position in the International Monetary Fund. 

Table 6 (formerly Table 3) presents United States net 
monetary gold transactions with foreign countries and inter- 
national and regional organizations. The former Table U, 
which presented the estimated gold reserves and dollar holdings 
of foreign countries and international institutions, was 
discontinued in the May 1967 Bulletin. 



Table 1. - U.S. Reserve Assets: Gold Stock, Holdings of Convertible Foreign Currencies, 
and Reserve Position in the International Monetary Fund 



End of 
calendar year 



Total 
2/ 



Convertible 

foreign 

currencies 



International 
Monetary Fun.l 



1957 

1958 

1959 

1960 

1961 

1962 

1963 

1%A 

1965 

1966 

1966- July 

August. . . 
September 
October.. 
November . 
December. 

1967- January . . 
February . 
March. . . . 
April. . . . 

May 

June 

July 



22,5iO 
21,504 
19,359 
18,753 
17,220 
16,843 
16,672 
15,450 
U,882 



15,148 
15,015 
14,876 
14,880 
14,715 
14,882 

14, 196 
13,998 
13,855 
13,906 
13,943 
14,274 
U,224 



.?2,857 
20,582 
19,507 
17,804 
16,947 
16,057 
15,596 
15,471 
13,806 
13,235 



13,413 
13,319 
13,356 
13,311 
13,262 
13,235 
13,202 
13,161 
13,184 
13,234 
13,214 
13,169 
13,136 



20,534 

19,456 

17,767 

16,889 

15,978 

15,513 

15,338 

13,733 y 

13,159 



13,332 
13,259 
13,258 
13,257 
13,159 
13,159 

13,157 
13,107 
13 , 107 
13,109 
13,109 
13,110 
13,108 



212 
432 
781 
,321 



1,093 
1,299 
1,148 
1,213 
1,108 
1,321 

645 
480 
314 
315 
363 
738 
719 



1,997 
1,555 
1,690 
1,064 
1,035 
769 

863 y 

326 



642 
397 
372 
356 
345 
326 

349 
357 
357 
357 
366 
367 
369 



1/ Includes gold sold to the United States by the International Monetary 
Fund with the right of repurchase, and gold deposited by the Interna- 
tional Monetary Fund to mitigate the impact on the U.S. gold stock of 
foreign purchases for the purpose of making gold subscriptions to the 
Fund under quota increases. For corresponding liabilities see Table 2. 

2/ Includes gold in Exchange Stabilization Fund, which is not included in 
Treasury gold figures shown in daily Treasury statement. See "Account 
of the Treasurer of the United States," Table 4. 

2/ Includes holdings of Treasury and Federal Reserve System. 



In accordance with Fund policies the United States has the right to 
draw foreign currencies equivalent to its reserve position in the 
Fund virtually automatically if needed. Under appropriate conditions 
the United States could draw additional amounts equal to the United 
States quota. See Table 5. 

Reserve position includes, and gold stock excludes, $259 million gold 
subscription to the Fund in June 1965 for a U.S. quota Increase which 
became effective on February 23, 1966. In figures published by the 
Fund from June 1965 through January 1966, this gold subscription was 
included In the U.S. gold stock and excluded from the reserve position. 



84 



.INTERNATIONAL FINANCIAL STATISTICS. 



Treasury Bulletin 



Table 2. - U.S. Liquid Liabilities to Foreigners 



End of 
calendar yea 
or month 



195:'. 
1959. 

19cO 

19'1 



1966-Hay 

June 

J'.'iy 

August 

.September.. 

October 

November. . . 

Pecember &/ 

15b7 -January 

F"-bruary . . . 

March 

Apri 1 

May p 



liquid 
liabil- 



t'bnetary Fund arising fr 
gold transactions 



,8^5 7/ 

,i28 

,994 

,027 

,?'i3 

,936 

,068 

,063 

,361 

,322 

.951 

,002 



,90A 
■ 773 



.'3,935 
2S,S19 

29,511 

29,697 

30,212 
30,548 
(29,904 
|29,773 
28,957 
28,908 
28,932 
29,373 
29,579 



200 
200 
500 
800 
800 
800 



800 
800 



834 
1,011 
1,011 

9S3 
933 

934 
1,003 
1,011 
1,011 
1,011 
1,011 
1,011 
1,012 
1,013 
1,028 
1,030 
1,030 



133 
133 



200 
200 
500 
300 
300 
800 
3O0 
300 
300 
300 
300 
300 
300 
300 



23' I 
230 



Liatili 



al institutions 2/ 



10,120 
11,078 
11,088 
11,830 
11,830 
12,748 
12,714 
14,387 
14,353 
15,428 
15,424 
15.372 
13,600 
13,656 

U,618 
14,425 



13,799 
13,966 
14,018 
13,600 
13,656 
13,333 
13,347 
13,556 
14,100 
14,353 



Short- 
terra 



eporte 



Market- 
able 
U.S. 
Gov' t. 
bonds 

:nd 

lotes 



7,917 
8,665 
9,154 
10,212 
10,212 
10,940 
10,940 
11,997 
11,963 
12,467 
12,467 
13,224 
13,220 
13,066 
12,484 
12,540 

l;,809 
l?,66l 

13,033 
i::,903 
12,515 
12,909 
12,953 
12,484 
12,540 

12,145 

12,154 
12,363 
12,371 
13,088 



:;ote: Table is based on Treasury Department data and on data reported to 
the Treasury Department by banks and brokers in the United States. 
Data correspond to statistics following in this section and in the 
"Capital Movements" section, except for minor rounding differences. 
Table excludes International Monetary Fund "holdings of dollars," and 
holdings of U.S. Treasury letters of credit and nonnegotiatle, non- 
interest-bearing special U.S. notes held by other international and 
regional organizations. The liabilities figures are used by the 
Department of Commerce in the statistics measuring the balance of 
international payments of the United States on the liquidity basis; 
houever, the balance-of -payments statistics include certain adjustments 
to Treasury data prior to 1963 and some rounding differences, and may 
differ because of varying timing in incorporating revisions of Treas- 
ury data. The table does not include certain nonllquid liabilities to 
foreign official institutions which enter into the calculation of the 
official reserve transactions balance by the Department of Commerce. 

1/ Represents liability on gold deposited by the International Monetary 
Fund to mitigate the impact on the U.S. gold stock of foreign purchases 
for the purpose of making gold subscriptions to the Fund under quota 
increases. 

2/ U.S. Government obligations at cost value and funds awaiting invest- 
ment obtained from proceeds of sales of gold by the International 
Monetary Fund to the United States to acquire income-earning assets. 



876 

890 

890 

751 

751 

1,217 

1,183 

1,125 

1,125 

1,105 

360 

860 

1,100 

1,106 

853 

852 



360 
365 
865 
901 
917 



Non- 
market- 
able 
convert- 
ible U.£ 
Treasury 



703 

1,079 

1,079 

1,201 

256 

256 



653 

533 

507 
432 



328 
328 
328 
328 
348 



ianks and ather foreigners 



■•,618 
'',591 
7,598 
-■,275 
3,357 
-,359 
3.359 
9,214 
9,204 
11,001 
11,056 
11,478 
U,387 
14,201 

12,191 
12,373 
12,978 
13,391 
13,608 
14,245 
14,546 
14,387 
14,201 
13,657 
13,693 
13,528 
13,331 
13,356 



Market- 

ble 
U.S. 



eported 
by 

nks in 



5,724 
5,950 
7,077 
7,048 
7,048 
7,759 
7,841 
7,911 
7,911 
3,363 
8,863 
10,625 
10,680 
11,006 
13,859 
13,673 

11,706 
11,883 

12,481 
12,870 
13,121 
13,739 
14,027 
13,859 
13,673 
13,129 
13,163 
12,998 
12,852 
12,827 



541 
543 
550 
516 
516 
448 
448 
351 
341 
376 
376 
472 
528 
528 

435 
490 

497 
521 
437 
506 
519 
528 
528 
528 
530 
530 
529 
529 



.labilities to nonnone^ary 
.nternational and regional 
jrganizations ^ 



1,190 
1,525 
1,541 
1,948 
1,949 
2,161 
2,195 
1,960 
1,965 
1,722 
1,722 
1,431 
906 
905 

1,143 
1,038 

1,080 
1,039 
1,014 
990 
973 
906 
905 
955 
855 
870 
862 
840 



Short- 
term 
liabil- 

ties 
reported 

by 

anks in 
U.S. 6/ 



530 
750 
750 
703 
704 
1,250 
1,284 



679 
531 
580 

736 
605 

647 
650 
625 
600 
612 
531 
580 

651 
608 



U.S. 
Gov' t 
bonds 



660 

775 

791 

1,245 

1,245 

911 

911 

1,152 

1,157 

904 

904 

752 

325 

325 

437 
433 

433 
389 
389 
390 
361 
325 
325 
304 
247 
232 
233 
234 



V 



Did 



Upon termination of investment, the same quantity of 
reacquired by the International Monetary Fund. 
Includes Bank for International Settlements and European Fund. 
Derived by applying reported transactions to benchmark data; breakdowr 
of transactions by type of holder estimated 1960-1963. Includes 
securities issued by corporations and other agencies of the United 
States Government, which are guaranteed by the United States. 
Principally the International Bank for Reconstruction and Development 
and the Inter-American Development Bank. 

Includes difference between cost value and face value of securities in 
IMF gold investment account. Liabilities data reported to the Treasuiy 
include the face value of these securities, but in this table the cost 
value of the securities is included under "Gold investment." The 
difference, which amounted to J32 million as of the end of 1966, is 
included in this column. 

Includes total foreign holdings of U.S. Government bonds and notes, for 
which breakdown by type of holder is not available. 

Data on the two lines shown for this date differ because of changes in 
reporting coverage. Figures on the first line are comparable in cover- 
age to those shown for the preceding date; figures on the second line 
are comparable to those shown for the following date. 
Not available. p Preliminary. 



August 1967 



INTERNATIONAL FINANCIAL STATISTICS 



85 



Table 3. - U.S. Liquid Liabilities to Official Institutions of Foreign Countries, by Area 1/ 

[In nlllions of dollars) 



End of 
calends 



Total 

foreign 

countries 



Europe 



Latin 

America 

Republi 



Other 

countries 

1/ 



1963 

19&i 

1965 

i966 V 

lybb-May 

June 

July 

August 

September. . . 

October 

November. . . . 

December V'- 

-."^nuary 

February. . . . 

M-jrch 

April 

May p 



U,353 
15,42A 
15,372 
13,600 
13,656 

U,61B 
U,i25 

14,469 
14,264 
13,799 
13,966 
14,018 
13,600 
13,656 

13,333 
13,347 
13,556 
14, 100 
14,353 



8,608 
7,488 



7,94S 

3,184 
:-,Ori: 

7,5s; 

7,687 
7,758 
7,483 
7,488 

7,236 

7,832 
8,014 



1,528 
1,13^' 
1,189 



1,238 
1,221 
1,215 
1,196 
1,212 
1,189 
1,189 

1,18-:, 

1,134 
1,127 
1,156 
1,154 



1,05"" 
1,233 
1,497 
1,134 
1,134 

1,442 
1,221 

1,159 
1,153 
1,049 
1,110 
1,101 
1,134 
1,134 

1,139 
1,167 
1,2^6 
1,455 
1,508 



2,731 
3,020 
3,330 
3,284 
3,340 

3,532 

3,438 

3,380 
3,411 
3,459 
3,464 
3,430 
3,284 
3,340 

3,256 
3,264 
3,204 
3,144 
3,156 



]'-t4 
277 
277 

235 

237 

234 
252 
266 

282 
293 
277 
277 

276 
255 
259 
284 
284 



178 
245 
228 
228 

223 
254 

224 
219 
225 
227 
224 
228 
228 

240 
242 
227 
229 
237 



1/ Data represent short-term liabilities to the official institutions of 

foreign coujitries, as reported by banks in the United States, and foreign 
official holdings of marketable and convertible nonmarketable U.S. 
Government securities with an original maturity of more than one year. 

2/ Includes Bank for International Settlements and European Fund. 

3/ Includes countries in Oceania and Eastern Europe, and Western European 



dependencies in Latin America. 
4,^ Data on the two lines shown for this date differ because of change 
in reporting coverage. Figures on the first line are comparable 
in coverage to those shown for the preceding date; figures on the 
second line are comparable to those shown for the following date, 
p Preliminary. 



Table 4. - Nonmarketable U. S. Treasury Bonds and Notes 
Issued to Official Institutions of Foreign Countries 

(In millions of dollars or dollar equivalent) 



End of 
calendar ye 
or month 



payable in dollars 



Canada 



Italy 



Payable in foreign cu 





Bank for 
Inter- 

ational 
Settle- 
ments 



1962 

1963 

1964 

1965 

•1966 

1966- July 

August. . . 
September 
October. . 
November. 
December. 

1967 -January. . 
February. 
March. . . . 

April 

May 

June 

July 



352 
623 
593 



766 

784 



534 



163 
354 

484 
3^.3 



512 
512 
512 
385 
355 
353 

353 
353 
352 
352 
349 
349 

34^ 



730 
1,086 
1,208 



51 
175 
257 



144 
144 
144 
144 
144 
144 

lU 



25 


490 


75 


25 


415 


50 


25 


3^0 


25 


25 


233 


25 


25 


238 


25 


25 


342 


25 


25 


414 


25 


25 


41.'. 


25 


25 


4U 


25 


25 


414 


25 



150 
100 



101 
101 
101 
101 
151 
151 



125 


110 


125 


110 


125 


58 


125 


58 


125 


111 


125 


133 


125 


133 


125 


133 


125 


133 


125 


133 


125 


159 



jNote: For further information, see "Public Debt Operations," Tables 9 
; and 10. 

1|1/ Includes bonds issued to the Government of Canada in connection with 
]\ transactions under the Columbia River treaty. Amounts outstanding 
'I were $204 million, September. 196^ through October 1965; $17^ million, 



November 1965 through October 1966; and $144 million, November 1966 through 
latest date. 
2,/ Bonds issued to the Government of Italy in connection with military purchases 
in the United States. 



86 



INTERNATIONAL FINANCIAL STATISTICS. 



Treasury Bulletin 



Table 5. - U.S. Position in the International Monetary Fund 



of dollars) 



Transactions affecting IMF holdings of dolla 
during period 



19io-57 

195? 

1959 

I960 

1961 

1962 

1963 

196i 

1965 

1966 

1966- July 

August... 

September 

October.. 

November. 

December. 
1967-January. . 

February. 

March. . . . 

April 

May 

June 

July 



Net 
TOld 



IV IMF 
1/ 



Drawing; 
of 

foreigt-i 



A35 
6S0 



e: The initial U.S. quota in the International Monetary Fund was $2,750 
million. The U.S. quota was increased to $4,125 million in 1959, and to 
$5,160 million in February 1966. Under the Articles of Agreement, 
subscription payments equal to the quota have been made 25 percent in 
gold and 75 percent in dollars. 

Represents net Fund sales of gold to acquire U.S. dollars for use in 
Fund operations. Does not include transactions in gold relating to 
gold deposit or gold investment (see Table 2). 

Represents purchases from the Fund of currencies of other members for 
equivalent amounts of dollars. The United States has a commitment to 
repay drawings within 3-5 years, but only to the extent that the Fund's 
holdings of dollars exceed 75 percent of the U.S. quota. Drawings of 
dollars by other countries reduce the U.S. commitment to repay by an 
equivalent amount. 



Transactions by 

other countries 

with IMF 



139 


4^2 


1^9 


580 


-8;>2 


521 


110 


719 


-19i 


207 


-282 


5 



Repay- 
ments 



Total 
change 



.336 
U2 
-135 

626 



IMF holdings 
or dollars at 
end of period 



775 
792 
2,128 
2,570 
2 ,435 
3,061 
3,090 
3,356 
3,521 
i,83i 



i.518 
4,763 
i,788 
4,80i 
i.315 
i,83i 
4.811 
4,804 
4.303 
4,803 
4,7Q4 
4,733 
4,7Q1 



IMF 
end of 



1,975 
1,958 
1,997 
1,555 
1,690 
1,064 
1,035 

769 

863 V 

326 



642 
397 
372 
356 
345 
326 
349 
357 
357 
357 
366 
367 
369 



2' Represents the United States gold tranche position in the Fund (the 
United States quota minus the Fund's holdings of dollars), which is 
the amount that the United States could draw in foreign currencies 
virtually automatically if needed. Under appropriate conditions, the 
United States could draw additional amounts equal to the United States 
quota. 

4/ Represents 4600 million IMF gold sale to United States (1957), less 
$6 million gold purchase by IMF from another member with U.S. dollars 
(1948). 

^ Includes $259 million gold subscription to the Fund in June 1965 for 
a U.S. quota increase which became effective on February 23, 1966. 
In figures published by the Fund from June 1965 through January 1966, 
this gold subscription was included in the U.S. gold stock and 
excluded from the reserve position. 



August 1967 



87 



INTERNATIONAL FINANCIAL STATISTICS 



(In mi Hi 



Table 6. - U.S. Net Monetary Gold Transactions 
with Foreign Countries and International and Regional Organizations 

3f dollars at $35 per fine iroy omice; negative figures represent n^t sales by Vne United Stat. 



Area and country 



Austria 

Belgium 

Denmark 

France 

Germany 

Greece 

Italy 

Netherlands 

Spain 

Switzerland 

Turkey 

United Kingdom 

Bank for International Settlements 
Other 



Total Western Europe, 



Latin American Republi 



Argentina . 

Brazil 

Colombia. . 

Mexico . 

Peru 

Venezuela . 
Other 



Total Latin American Republics. 



Asia: 
Japan. 
Other. 



Africa : 

Total Africa. 



Other countries ; 

Total other countries 



Total foreign countries . 



International and regional organizations, 
jrand total 



positive fibres 



st acquisitions) 



Calendar year 



-4:J 


-33 


- 


- 




-13 


-4'J5 


S^M, 


-601 


-;;5 


- 


- 


- 


- 


-1 




-80 


-60 


-OLl 


-35 


- 


-3i 


-13C 


- 


-SI 


-50 


-? 


1 


-37 


-12 


618 


150 


SO 


-9 


- 


-23 


-S? 


-1,::99 


-659 


- 


- 


' 





3 


3 






-3-;. 


- 


- 


3o 



^y r. 



Jan. 
Mar. 



-13 

-103 



.Tul7- 

Sept. 



I.S^ 



-3- 


-12 


-r 


, 




-17.. 


79 _/ 


-Ki 



Oot..- 



1/ Reflects the United States payment of the $259 million increase in 
Its gold subscription to the International Monetary F-jnd less gold 
deposited by the International Monetary Fund. 



2/ Represents gold deposited by the Inte 
see Table 2, footnote 1. 
Less than $500,000. 



ational Monetary Fund: 



88 



Treasury Bulletin 



.CAPITAL MOVEMENTS, 



Background 

Data relating to capital movements between the United 
States and foreign countries have been collected since 1935, 
pursuant to Executive Order 656O of January 15, 1934, Execu- 
tive Order 10033 of February 8, 1949, 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 
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 general 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 insti- 
tuted in 1963, appeared in the July 1963 issue of the "Treasury 
Bulletin," pages 79-81. As a result of changes in presentation 
introduced in that issue, not all breakdowns previously 
published will be exactly comparable to those now presented. 

B asic 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 country to 
which the official institution belongs. Data pertaining to 
international and regional organizations are reported opposite 
the classification "International," "European regional," 
"latin American regional," or "Asian 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. 

toclusions 

The data published herein do not cover all types of 
capital movements between the United States and foreign 
countries. The data reported to and published by the Treasury 
Department exclude entirely the intercompany capital trans- 
actions of business enterprises in the United States with 
their own branches and subsidiaries abroad 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 U.S. Treasury letters of 
credit, and nonnegotiable, noninterest-bearing special notes 
of the United States held by the Inter-American Development 
Bank and the International Development Association. 

Beginning with the May 1967 Bulletin, data on short-terra 
liabilities to foreigners have been revised to exclude the 
holdings of dollars of the International Monetary Fund derived 
from payments of the United States subscription and from the 
exchange transactions and other operations of the Fund. 
(Liabilities representing the "gold Investment" of the Fund 
continue to be included. ) This change in the treatment of the 
Fund's "holdings of dollars" is related to the revision of the 
table on United States monetary reserve assets (see "Inter- 
national Financial Statistics" section, Table 1) to include the 
United States reserve position in the International Monetary 
Fund. 

The Fund's "holdings of dollars" do not represent United 
States liabilities to foreigners in the same sense as do other 
reported liabilities to foreigners. They are more accurately 
viewed as contingent liabilities, since they represent essen-. 
tially the amount of dollars available for drawings from the 
Fund by other member countries. Changes in these holdings 
(arising from United States drawings and repayments of foreign 
currencies, from drawings and repayments of dollars by other 
countries, and from other dollar operations of the Fund) give 
rise to equal and opposite changes in the United States gold 
tranche position in the Fund, which in the absence of United 
States lending to the Fund, is equal to the United States 
reserve position. Since the reserve position is included in 
United States reserve assets, it is necessary, in order to 
avoid double-counting, to exclude the Fund's "holdings of 
dollars" from United States liabilities to foreigners. This 
revised presentation conforms to the treatment of these items 
in the United States balance of payments and the international 
investment position of the United States. 

The data on securities transactions and on foreign 
holdings of U.S. Government bonds and notes exclude non- 
marketable U.S. Treasury notes, foreign series, and non- 
marketable U.S. Treasury bonds and notes, foreign currency 
series (see "International Financial Statistics" section. 
Table 4). 

Presentation of statistics 

Data collected monthly on the Treasury 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. 

Beginning with the May 1967 Bulletin, publication of the 
former Section I, Table 1, "Net Movements of Banking Funds 
and Transactions in Long-Term Securities with Foreigners" was 
discontinued. Due to numerous breaks in the statistical 
series, the usefulness of this table had become increasingly 
limited in recent years. Time series of the significant cate- 
gories of data reported on the Treasury Foreign Exchange Forms, 
from which this table was derived, are available elsewhere in 
this section. 

Section IV presents supplementary data which are reported 
less frequently than monthly but which are published monthly. 



1/ Copies of the reporting forms and instructions tiay be obtained from the Offi ■ 
the Assistant Secretary for International Affairs, Treasury Department., Washi 



.if balance of Payments Programs, Operations and Statistics, Office of 
(on, D.C. 20220 or from Federal Reserve Banks. 



August 1967 



.CAPITAL MOVEMENTS. 



89 



Section I - Summary by Periods 
Table 1. - Banking Liabilities to and Claims on Foreigners i/ 

(Position at end of period in millions of dollars) 



End of 
calenda 



Short-term liabilities to foreigners 2/ 



Total 
short- 
term 
liabil- 
ities 2/ 



Payable in dollars 



Officia 
insti- 
tutions 



Foreign 
banks 



Other 
for- 
eigners 



Inter- 

tional 
and 
regional2/ 



Payable 



foreign 
Clirren- 



Total 
long- 
term 
liabil- 



Short-term claims 



Total 
short- 



Payable in dollars 



Foreign 
banks 



Other 
for- 
eigners 



Other 
claims 



Total 
long- 
terra 
claims 



19i5 

1946 

1947 

1948 

1949 

1950 

1951 

1952 

1953 

1954 

1955 

1956 

1957 

1958 

1959 

1960 

1961.. ■ 

1961 6/ 

1962 

1963 

1964 2/ 10/ ■ 

1965 11/ 

1966 12/ 

1966-June 

July 

August 

September . . . 

October 

November. . . . 

December 13/ 

1967- January 

February .... 

March 

April 

Ifay p 

June p 



6,475.3 
5,519.3 
6,326.6 
6,329.3 
7,340.2 
7,977.8 
9,257.9 
10,265.6 
11,353.9 
11,894.9 
13,796.8 
14,383.3 
366.8 
17,261.2 
18,701.4 
20,015.2 



4,17°.0 
3 , 043 . 7 
1,831.° 
2,836.3 
.',907.7 
3,615.5 
3,547.6 
4,654.2 
5,666.9 
6,770.1 
6,952.8 
8,045.4 
7,916.6 
8,664.9 
9,154.3 
10,212.3 
10,893-2 



2/ 
1/ 
1/ 
1/ 
2/ 

2,064.0 

2,528.2 

2,569.8 

2,529.3 

2,530.4 

2,943.1 
V3,362.9 y 
5/3,413.0 5/ 

3,460.5 

4,601.1 

4,704.8 

5.299.5 



2,678 
2 ,922 
2,972 
2,947 
3,001 
1,392 
1,513 
1,675 
1,779 
1,805 
1,783 
2,029 
2,252 
2,430 
2,398 
2,229 
2,355 



468.8 
664.9 
472.9 
369.1 
223.3 
316.7 
296.7 
246.5 
205.2 
175.3 
309.7 
742.3 
751.7 
1,030.5 
1,4A1.6 
1,316.6 



1,316.6 
2,083.9 
1,547.0 

3,376.39/1,618.0 



25.5 
40.6 
49.7 
70.4 
51.0 
U.9 
72.2 
61.4 
43.7 
43.2 
40.3 
48.8 
59.0 
59.4 
77.2 
113.1 
150.4 



392.3 

708.3 

948.9 

1,018.7 

3.0 
3.4 
1,048.7 
904.5 
1,386.5 
1,548.5 
1,945.7 
2,199.4 
2,542.0 
2,624.0 
3,614.2 
4,762.3 



4,820.3 
5,163.2 
5,974.9 
7,46Q.3 



4/ 
V 

i/ 

73.4 
86.1 
87.9 
85.2 
243.0 
160.9 
176.6 
241.9 
400.7 
350.9 
290.3 
328.5 



125. 5 
358.9 
186.0 
223.3 



100.3 
319.6 
292.9 
361.2 
222.7 
151.1 
177.2 
122.9 
156.5 
206.5 
328.1 
405.4 
385.5 
439.4 
497.6 
524.3 
699.4 



A/ 

kl 

4/ 

V' 

kl 

104.2 

109.8 

131.7 

109.8 

142.0 

235.6 

330.4 

303.0 

460.1 
482.1 
617.6 



245.0 

290.5 

490.6 

557.1 

494.3 

328.7 

503.4 

627.9 

451.5 

584.1 

660.0 

883.8 

1,121.6 

1,076.7 

1,098.2 

1,837.8 

531.1 



47.5 
98.1 
165.4 
100.4 
110.8 
240.6 
91.8 
78.4 
101.6 
211.0 
163.9 
149.6 
147.3 
197.7 
217.2 
479.6 
585.6 



175.6 

140.7 

227.5 

187.7 

216.7 

390.4 

403.9 

U0.5 

324.9 

440.9 

670.9 

839.4 

1,173.8 

1,362.1 

1,545.1 

1,698.4 

2,033.8 



2,033.8 

2,160.4 
3,029.8 8/ 
3,971.4 
4,284.7 10/ 

4,516.9 
4,179.7 



4,389.1 

4,389.3 
4,367.6 
4,286.7 
4,247.1 
4,296.1 

4,179.7 

4,072.6 
4,024.1 
4,030.9 
4,028.7 
4,004.9 
3,846.5 



20,097.5 
21,958.0 
22,877.1 



10,893.3 
11,915.3 
12,436.9 



5,380.4 
5,251.0 
5,713.0 



2,356 
2,564 
3,046 



25,517.8 2/ 13,220.3 2/7,213.4 2/ 



25,550.7 
27,723.7 



25,949.0 

26,961.5 
27,224.5 

27,061.0 
28,048.2 
28,392.0 
27,723.7 



27,593.1 
26,724.8 
26,725.4 
26,798.9 
27,152.4 
27,321.5 
27,304.4 



13,065.9 
11,967.5 



12,023.7 

l.',?94.2 
12,640.7 
12,437.5 
11,996.9 
12,289.9 
12,333.5 
11,967.5 



12,023.7 

11,701.0 
11,710.1 
11,918.7 
12,390.5 
12,634.1 
12,349.6 



7,359.7 
10,022.9 



3,587.2 
3,743 -3 



8,050.6 

8,661.3 
9,127.9 
9,193-1 
9,836-5 

10,151-5 
10,022.9 



9,857.5 

9,347.3 
9,325.0 
9,117.9 
9,004.8 
8,936.1 
9,275.6 



3,7U.2 
3,726.1 
3,653.5 
3,838.6 
3,819.7 
3,790.1 
3,743.3 



3,743.3 
3,711.7 
3,776.3 
3,821.4 
3,783.1 
3,823.4 
3,826.2 



1,478.6 
1,380.6 



1,380.6 

1,404.5 
1,448.0 
1,U9.9 
1,424.9 
1,399.7 
1,411.9 
1,380.6 



1,3 

1,451.2 
1,408.1 
1,437.5 
1,429.2 
1,407.0 
1,359.8 



r 



For exclusions see headnote on page 88 . 

Data exclude the "holdings of dollars" of the International Monetary 
Fund. For explanation see headnote on page 88. 
Included with "Other foreigners." 
Included with "Other claims." 

Beginning in August 1956 and also in April 1957, certain accounts 
previously classified as "Foreign banks" are included with "Official 
institutions." 

Differs from 1961 end of year data on the preceding line by inclusion 
of liabilities and claims reported by a number of banks included in 
the series beginning December 31, 1961. 

Includes reported liabilities to foreign official institutions begin- 
ning October 1961. Figures for selected dates are as follows: 
end 1961, $46.3 million; end 1962, $47.9 million; end 1963, $30-1 
million; end June 1966, $367.2 million; end September 1966, $517.7 
million; end December 1966, $516.5 million; end March 1967, $444.2 
million; end June 1967, $428.7 million. 

Includes claims previously held but first reported as of May 31, 1963; 
as of that date such claims amounted to $85.6 million. Also includes 
claims amounting to $193.2 million reported by banks for the first 
time as of December 31, 1963, representing in part claims previously 
held by banks but not reported. 



150.4 
U3.4' 
134.1 



59.3 
609.4 



7.3 
«.4 
310.2 

513.5 



7,957.210/ 
7,631.7 I 



220.8 
271.2 



70=: 

952.6 

954.9 

1,373.6 



455.5 

485.4 
555.7 
607.5 
702.4 
704.9 
609.4 



^1,488.7 

7/1,009.3 

1,072.5 
1,092.9 
1,108.7 
1,169.7 
1,187.6 



7,734.511/ 
7,818.9 



588.1 

513.6 
505.9 
503.4 
544.9 
520.9 
493.1 



10/ 



11/ 



12/ 
12/ 



,1,488.7 

1,558.0 
1,658.4 
1,861.4 
1,986.0 
2,035.4 
'2,493-0 



7,910.9 

7,503.0 
7,411.0 
7,420.1 
7,4U-9 
7,547-2 
7,818.9 



7,910.9 

7,760.4 
7,754.6 
7,932.5 
8,004.3 
8,130.5 
8,261.8 



271.2 
257.7 



1,402.5 
1,565.9 



622.4 

641.8 

773.9 

1,054.6 



567.1 
1,738.1 



1,149.8 
1,130.4 



2,573.9 
2,652.9 
3,429.4 
4,158.8 



5S5:T 

557.1 
630.8 

659.0 



559. 
4,190.2 



624.5 
474.0 



1,132. 
1,U3.3 



4,272.2 
4,260.1 



491.9 
419.8 



247.7 
215.0 
216.5 
256.4 
274.0 
272.9 
257.7 



257.7 

256.9 
238.1 
253.8 
270.8 
245.9 
246.4 



1,583.8 

1,569.9 
1,548.0 
1,618.9 
1,606.7 
1,619.3 
1,738.1 



1,738.1 

1,592.1 
1,575.9 
1,606.1 
1,527.1 
1,547.0 
1,561.9 



1,079.2 

1,075.3 
1,055.7 
1,067.5 
1,089.0 
1,123.0 
1.U3.3 



1,143.3 

1,146.5 
1,152.8 
1,158.1 
1,152.7 
1,116.0 
1,102.9 



4,268.8 

4,217.7 
4,151.0 
4,050.6 
4,041.3 
4,079.7 
4.260.1 



4,359.3 

4,398.3 
4,381.3 
4,495.3 
4,637.0 
4,812.6 
4,954.5 



425.1 
439.9 
426.7 
433.9 
452.3 
419^ 



412.6 
366.6 
406. 5 
419.2 
416.6 
409.1 
396.1 



Short-term liabilities include a net Increase of $50.8 million arising 
from changes in reporting coverage, distributed as follows: "Official 
institutions" -$40.0 million, "Foreign banks" +$60.3 million, "Other 
foreigners" +$22.5 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, 1964 of $58.1 million of 
short-term U.S. Government claims previously included; and because 
of the addition of $545.9 million of short-terra claims and $313.3 
million of long-term claims arising from the inclusion of claims 
previously held but first reported as of December 31, 1964, and from 
revisions of preliminary figures. 

Data on claims below the line differ from claims above the line be- 
cause of the addition of short-term claims held in custody for 
domestic customers but reported by banks for the first time beginning 
December 31, 1965, and short-term claims reported by banks reporting 
for the first time. 
See footnote 13. 

Data on liabilities and claims below the line differ from data above the 
line because of changes in reporting coverage and classification effec- 
tive December 31, 1966. 
Preliminary 



90 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section I - Summary by Periods 
Table 2. - Purchases and Sales of Long-Term Domestic Securities by Foreigners 1/ 

(In millions of dollars; negative figures indicate a net outflow of capital from the United States) 



U.S. Government bonds and notes 2/ 



Calendar year 



Foreign countrie: 



Jfficial Othe 



Inter 
and 



purchases 

of 

domestic 



tlet 
purchases 



19i7 

19/.3 

19i'-l 

195C 

1951 

195.- 

1953 

195/. 

1955 

1956 

1957 

1958 

1959 

19-.C 

1961 

1962 

r-'o3 

1964 

1965 

1966 

1967-J3n.-June 

1966-June 

July 

August. . . 
September 
October. . 
November. 
December. 

1967-January. . 
February. 

March 

April 

May p 

June p. . . 



ai.5 

3ii.8 

282. i 

OO.O 

1,236.4 

673.6 

533.7 

6i6.0 

800.9 

l,3a.l 

883. i 

666.1 

1,223.9 

1.216.9 

1,729.6 

1,743.7 

1,779.9 

1,867.1 

1,U9.4 

1.077.2 

680.2 

426.0 
78.2 
16.3 
77.2 
27.3 
28.8 
33.7 



84.4 
209.3 



6S4.2 

283.3 

330.3 

333.6 

294.3 

1,356.6 

231.4 

728.0 

792.7 

812.1 

1,018.3 

718.3 

1,187.6 

528.0 

1,603.0 

1,331.5 

2,507.9 

1,196.2 

1,487.1 

1,153.0 

1,296.0 

454.1 

71.9 
262.0 
97.8 
61.7 
9.1 
46.1 
49.7 

32.0 
91.1 
65.3 
48.9 
192.7 
24.1 



942.1 
-683.0 



529.0 
-135.0 

-52.1 
36.3 

688.9 

126.6 

512.2 
-728.0 

670.9 
-337.7 

-75.3 
-615.8 



245.8 
-.•?0.6 
-34.4 
19.6 
-7.4 
-27.1 



-2n9.7 

-13.0 

-55.4 

9.4 

824.2 

-663.7 
292.7 
-96.7 
-60.0 
561.7 

-204.9 
117.0 

-236.7 
523.9 
-97.9 
-20.0 

-206.6 
369.1 



5.8 
53.1 
-.6 



36. C 
95.1 
56.3 

9.9 

5-3 



7.5 

87.0 

117.9 

-19.3 

9.6 

14.7 

68.3 

-32.7 

70.0 

-169.1 

273.0 

164.9 

224.5 

532.2 

-521.4 

301.8 

-315.2 

-151.2 

-426.9 

-95.1 

-4.8 



-21.3 
-57.0 
-14.4 



!■ 
1' 
!■ 

1C7.7 
120. C 
200.1 
212.8 
289.7 
324.7 
287.1 
310.2 
361.4 
368.8 
442.4 
316.9 

■)cn.7 

255.7 
460.7 
675.0 
,577.9 
966.8 

201.3 
99.2 

42.8 
157.3 

60.3 
140 . 7 

188.8 

130.0 
97.8 
141.1 
127.8 
243.6 
226.5 



1/ 

y 

108.3 
141.6 
188.5 
197.4 
283.6 
296.0 
:-'51.8 
258.9 
344.0 
296.2 
392.3 

afe.i 

359.0 
246.4 
284.4 
636.7 
541.9 

587.2 
46.6 
84.5 
28.7 
30.3 
31.4 
40.4 
52.9 

80.0 
47.6 
75.7 
57.1 

141.7 
185.1 



1' 
y 

-.6 
-21.6 
11.7 
15.3 
6.1 
28.7 
35.3 
51.3 
17.3 
12. b 
50.1 
-99.2 
-51.3 
9.3 
176.3 
38.3 



379.5 

154.7 

14.7 

14.2 

127.0 

28.9 

100.3 

135.9 

50.1 

50.1 

65.3 

70.7 

101.9 

41.4 



367.6 

226.1 

•369.7 

354.1 

666.9 

739.8 

650.2 

589.1 

1,115.1 

1,561.2 

1,619.5 

1,306.4 

1,397.3 

2,224.4 

1,976.5 

3,067.3 

2,260.2 

2,724.0 

3,076.2 

3,719.9 

4,740.5 

3,448.4 
412.6 
329.2 
335.7 
344.7 
323.0 
292.2 
374.2 

441.3 
481.5 
634.0 
571.8 
620.0 



43:'. 1 

376.7 

514.1 

375.3 

664.0 

619.5 

649.2 

533.9 

980.2 

1,433.7 

1,363.5 

1,163.8 

1,453.6 

1,861.5 

1,774.8 

2,744.6 

2,149.1 

2,526.5 

3,425.3 

4,133.2 

5,073.8 

3,355.0 
462.2 
354.9 
352.2 
347.7 
316.1 
359.8 
489.1 

446.9 
509.2 
642.3 
505.5 
615.3 
635.8 



-64.5 

-150.6 

-144-3 

-21.2 

2.9 

120.3 

1.0 

55.2 

135.0 

127.5 

256.0 

142.6 

-56.3 

362.9 

201.7 

322.7 

111.1 

197.5 

-349.1 

-a3.3 

-333.3 

93.4 

-49.6 
-25.7 
-16.5 
-3.1 
6.9 

-115.0 

-5.6 
-27.6 
-8.3 
66.3 
4.7 
63.9 



-334.2 
-89.1 

-192.2 
75.2 
944.4 

-584.3 
314-9 
-11-5 
149.3 
685.2 
156.4 

ia.8 

-2.7 
1,124.4 
378.4 
735.7 
-668.2 
877.8 
-510.5 
-450.3 
86. ■> 

4U.8 

111.4 
-256.7 
-22.9 
89.5 
55.4 
25.2 
-6.1 

23.6 
-27.4 

42.2 
172.4 
123.3 
110.7 



lusiotis see headnote on page 
1949, includes transactions 



ncluded with trans 
Preliminary. 



August 1967 



-CAPITAL MOVEMENTS. 



91 



Section I - Summary by Periods 
Table 3. - 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 



19i6 

19i7 

19iS 

19i9 

1950 

1951 

1952 

1953 

195i 

1955 

1955 

1957 

1958 

1959 

I960 

1961 

1962 

1963 

196i 

1965 

1966 

1967- Jan. -June p 

1966-June 

July 

August 

September. . 
October. . . . 
November. . . 
December. . . 

1967-January. . . . 
February. . . 

March 

April 

May p 

June p 



p Preliminary. 



i gn bo 



211.6 
321.2 
589.2 
500.1 
i95.3 
5i2.5 
792. i 
693.3 



9i5.6 
882.9 
801.9 
,093.3 
990.5 
91i.8 
,198.1 
,773.3 
°53.3 

200.1 
13i.6 
90.1 
°°.0 

292.7 
116.4 



21i.9 
HA. 3 



i90.i 

63i.3 

291. i 

311.5 

710.2 

801.0 

677. i 

621.5 

8a. 3 

509. i 

991.5 

1,392.0 

1,915.1 

1,«7.6 

1,W5.0 

l,262.i 

2,037.3 

2,086.0 

1,8^3.1 

2,688.3 



2^7.6 
68.8 
193.7 
351.2 
187. 3 
150.9 

265.3 
168.3 
265.5 
259.4 
166.4 
30<^.0 



Net 
purchases 



265.5 

24.5 

-79.8 

9.8 

-121.0 

-300.6 

-182.1 

-79.0 

-48.8 

133.9 

-385.0 

-693.1 

-1,026.1 

-512.0 

-562.1 

-460. 4 

-944.0 

-1,095.4 

-928.3 

-1,242.1 

-910.0 

-480.1 

-16.8 
-113.1 



-153.2 
-69.9 
-50.6 

-105.0 
-39.4 



.0 



Forei^ stocks 



Purchases 



65.2 
57.1 
81.7 
88.8 
173.8 
272.3 
293.9 
310.1 
393.3 
663.6 
749.2 
592.8 
467.2 
566.1 
509.1 
595.7 
702.0 
695.6 
748.4 
906.2 
960.2 

417.0 



58.3 
84.7 

70.9 
65.7 
74.0 

67. ^ 



42.6 
96.7 
70.8 
198.2 
348.7 
329.6 
303.4 
644.9 
877.9 
875.2 
621.9 
803.7 
803.8 
591.7 
965.6 
805.9 
644.3 
548.2 
616.6 
731.4 
392.8 

51.6 
39.1 
65.0 
41.9 
37.0 
41.2 
53.5 

62.9 
53.2 
64.5 
52.6 
64.6 
95.0 



Net 
purchases 



-.4 
14.6 
-15.0 
18.0 
-24.4 
-76.4 
-35.8 
6.8 
-251.6 
-214.3 
-126.1 
-29.1 
-336.4 
-237.7 
-82.6 
-370.0 
-103.9 
51.2 
200.3 
289.5 
228.8 

24.2 

39.6 
30.1 
10.8 
44.4 
31.8 
17.1 
31.2 



14.7 

3.3 

-23.8 



Total 
purchase 



821.2 
715.9 
293.3 

ao.i 

763.0 
772.7 
789.1 
852.7 
1,185.8 
1,356.9 
1,355.7 
1,291.8 
1,356.2 
1.511.7 
1,392.0 
1,397.6 
1.795.3 
1,686.1 
1,663.2 
2,104.2 
2,738.5 
1,370.7 

291.3 
203.7 
165. "5 
185.4 
361.5 
174.7 
236.2 

183.0 
164.2 
288.9 
221.7 
194.9 
318.1 



Total 
sales 



Net purchases 
of foreign 

ecurities 



676.8 
388.2 
382.3 
908.4 
1,149.7 
1,007.0 
924.9 
1,486.1 
1,387.3 
1,866.8 
2,014.0 
2,718.8 
2,261.5 
2,036.7 
2,228.0 
2,843.2 
2,730.3 
2,391.3 
3,056.7 
3,a9.7 
1,826.7 

268.5 
285.7 
133.8 
235.6 
388.2 
228.5 
204.4 
328.2 
221.5 
330.0 
312.0 
231.0 
404.0 



265.1 

39.0 

-94.8 

27.8 

-145.4 

-377.0 

-217.9 

-72.2 

-300.4 

-30.4 

-511.1 

-722.1 

-1,362.5 

-749.7 

-644.7 

-830.4 

-1,047.9 

-1,044.. 2 

-728.1 

-952.5 

-681.2 

-455.9 



31.8 
-145.2 
-57.3 
-41.1 
-90.3 
-36.1 



92 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Table 1. 



Section II - Summary by Countries 
Short-Term Banking Liabilities to Foreignera 1/ 







(Position at end 


of period in millions 


of dollars 
















C 


alendar yes 


r 




1967 


Country 


lOt.,/ 


lo.4 2^ 


IQCA- 


l°e6 X' 


January 


February 


March 


April 


May p 


June p 


Europe: 


lo.i,7 

OQ.3 

1,^78. 3 
3,OAO,7 
188. i 
80? , 5 
360,1 
13.'', <J 

20^.. 

iOa.l 

W5.6 

20.6 

l,i83.2 

15.9 

i65.2 

1.8 

23.7 

10,769.8 

2,Q87.7 


323.3 
436,2 
336.1 
127.1 

1,663.1 

2,009.7 
170.5 

1,622.3 
367.5 
183.5 
257.4 
394.4 
643.8 

1,370.3 
35.3 

1,834.4 

31.7 

357.8 

2.5 

18.7 

12,236.12/ 

2,083.9 2,, 


250.4 
397.7 
304.9 
107.7 
997.1 

1,428.9 
150.6 

1,620.2 
339.2 
322.5 
321.9 
183.3 
646.9 

1,368.7 
34.2 

2,713.5 

36.3 

369.0 

4.3 

30.0 

11,627.2 


195.7 

419.9 

304.9 

58.2 

1,070.6 

2,532.9 

129.0 

1,410.4 

364.0 

283.3 

358.4 

161.5 

655.9 

1,805.0 

42.9 

3,833.8 

36.7 

234.6 

7.3 

39.6 

14,000.0 


195,7 

a9,9 

304,9 

58.2 

1,070.4 

2,538.0 

129.0 

1,410.4 

364,0 

233,3 

358.4 

161.5 

655.9 

1,805.0 

42.9 

3,317.2 

36.7 

233.9 

7.8 

39.6 


190.2 

425.8 

315.1 

69.3 

992.2 

2,161.5 

138.2 

1,255.4 

293.6 

245.6 

362.9 

191.2 

608.6 

1,699.3 

38.2 

3,753.6 

35.2 

386.5 

6.3 

35.7 

13,204.4 
2,357.8 


182.3 

421.3 

306.8 

69.3 

966.5 

2,375,0 

126.7 

1,208.1 

320.5 

258.4 

372.3 

147.0 

628.3 

1,723.3 

29.2 

3,796.5 

36.9 

312.3 

6.1 

37.2 

13,324,3 


181.3 

409.6 

304.6 

65.0 

947.7 

2,412.3 

109.8 

1,232.0 

332.1 

273.6 

349.8 

142.5 

615.1 

1,686.2 

30.1 

3,333.2 

35.3 

320.2 

2.7 

27.5 

13,311.0 

2,265.4 


U9.9 

425.9 

296.6 

94.3 

928.7 

2,392.0 

116.9 

1,319.3 

327.8 

287.1 

353.3 

120.7 

622.8 

1,700.4 

30.9 

3,313.7 

33.8 

355.0 

3.6 

33.7 

13,406.2 

2,298.4 


159.3 

473.0 

274.3 

89.4 

957.3 

2,376.3 

108.5 

1,410.2 

401.7 

300.6 

345.5 

116.6 

651.2 

1,735.4 

25.4 

3,530.7 

41.3 

336.1 

4.2 

29.7 


173.5 




555.4 




276.4 




95.6 




948.5 


Germany 


2,342.2 
102.9 


Italy 


1,422.4 
390.5 


Norway 

Portugal 

Spain 


347.6 
352.3 
122.3 
658.5 


Switzerland 

Turkey 


1,783.1 

25.8 

3,667.0 




33.4 


Other Western Europe 

U.S.S.R 

Other Eastern Europe 


556.4 
5.1 
33.7 


Total Europe 


13,°32.6 
2,502.1 


13,422.0 


13,892.6 


C 


2,573.6 


2,508.8 


2,226.9 


2,323.8 


2,082.6 








375. ^' 
17Q.2 
U3.A 
169.3 
10.9 
668 . 8 
128.7 
158.2 
113. S 
590.7 
35i.7 
135,° 
93,3 
15, i 

3,137,i 

34,° 
66.0 
50.8 

a.p 

111.9 
2,483.8 
112.6 
208.6 
li9.2 
332.1 
352.9 


2°0.6 
257.7 
175.° 
203.7 

12.4 
734.7 

°o.4 

110.', 
734.1 
416.3 
188.8 
114.4 
13.° 


432.0 
383.4 
219.3 
214.2 
9.6 
702.6 
119.9 
257.2 
137.1 
738.1 
519.2 
165.1 
113.1 
16.7 

4,027.5 

34.9 
113.2 
83.7 
30.6 
127.2 
3,013.9 
107.7 
303.8 
210.6 
542.4 
717.5 

5,285.5 


417.8 
299.1 
261.5 
178.4 
8.1 
631.7 
149.7 
249.2 
160.8 
707.1 
522.2 
176.8 
103.3 
16.3 


417.8 
299.1 
261.5 
173.4 
8.1 
631.7 
149.7 
249.2 
160.8 
707.1 
522.2 
176.8 
103.8 
16.8 


414.1 
296.6 
242.0 
170.2 
8.0 
635.9 
147.2 
238.5 
164.3 
749.6 
533.2 
191.6 
107.6 
18.8 


412,0 
308,0 
247,0 
161.5 
8.6 
695.1 
146.7 
233.9 
166.6 
718.0 
550.2 
108.4 
107.1 
18.0 


458.8 
319.2 
248.0 
174.4 
8.5 
699.2 
152.0 
257.0 
167.7 
703,8 
563.5 
184.5 
107.3 
19.3 

4,063.1 


523.9 
339.0 
257.7 
194.9 
8.7 
703.9 
159.8 
245.3 
156.3 
776.4 
577.5 
204.0 
107.4 
18.0 


644.6 
331.4 
251.7 
158.0 
8.6 
762.2 
145.3 
257.4 
154.8 
732.3 
575.5 
217.8 
106.6 
i9.3 


580.9 




249.0 




248.3 




163.9 
3.4 




717.4 




144.6 




265.5 


Uruguay 

Other Latin American Republics.,, 
Netherlands Antilles and Surinam, 


133.0 
691.2 
566.9 
235.6 
120.8 
19.3 






Total Latin America 


3,563.3^. 


3,332.9 


3,882.9 

35.7 
141.8 
179.3 

54.4 
116.6 
2,663.9 
161.9 
285.3 
227.8 
593.3 
779.0 

5,244, 1_ 

14,7 
31.5 
71.4 
39.0 
228.8 


3,917.6 


3,971.3 


4,273.0 


4,366.2 

36.5 
166.3 
222.9 

48.6 
107.5 
2,449.4 
167.3 
268.2 
225.3 
662.7 
773.2 

5,128.8 


4,150.2 


Asia: 

China Mainland 

Hong Kong 


34.7 
°5.1 

37.6 
133.1 
2,767.5 
104.3 
233.1 
221.4 
457.8 
543.0 

4,686.8 2/ 

25.5 
6.7 
46.6 
24.0 
135.0 


35,7 
HI. 8 
179.9 

54.4 
116.6 
2,690.8 
172.5 
286.3 
231.6 
598.3 
791.4 

5,299.3 

14.7 
31.8 
71.4 
39.0 
229.6 

386.6 


35.6 
146.6 
197.8 

62.1 
109.1 
2,561.0 
171.5 
282.4 
234,7 
610,0 
707,8 


35.8 
139.7 
206.4 

50.5 
112.8 
2,501.6 
131.0 
271.4 
232.1 
634.3 
766.4 

5,132.3 


35.6 
142.0 
204.9 
45.9 
100.5 

2,490.5 
177.8 
254.6 
228.6 
657.7 
748.3 

5,086.2 


35.7 
150.5 
216.8 

51.5 
103.8 
2,4A8.3 
174.8 
266.6 
226.6 
654.6 
753.1 

5,082.4 


36.2 
157.9 
215.8 




47.5 


Japan 

Philippines 


165.9 

2,485.9 

171.5 

259.9 


Taiwan 

Thailand 


227.3 
617.2 
755.1 


Total Asia 


A J 000. 6 


5,118,6 

12,6 
33.1 
61.0 
33-3 
250.3 

390.4 


5,140.1 


Africa: 


25.7 
i8.8 
40. o 
13.8 
111.7 

241.0 


11.8 
16.8 
51.3 
30.5 
16°. 9 

280.3 

253.7 
24.4 
278.1 


12.7 
31.4 
61, b 
21,8 
251,2 


12.7 
32.5 
58.1 
33.5 
220.4 

357.2 


11.0 
30.4 
55.6 
26.2 
265.6 


11.0 
31.8 
58.4 
18.1 
272.5 

391.3 


9.9 


Morocco 


31.1 
67.0 


United Arab Republic (Egypt) 


17.6 
250.5 






Total Africa 


237.° 2, 


385.4 


378,8 


383.7 


376.0 






Other Cour.tries: 


130.2 
13.4 

193.5 


176.4 

15.5 


243.4 
22.1 


243.4 

22.1 


261.7 
23,1 


258,0 
25,8 


252.1 
26.4 


249.4 
25.3 


252.6 
24.4 


276.3 


All other 


26.6 




191.8 


265.5 




284,8 


283,3 


278.5 


274.6 


277.0 


302.9 






International and regional: 

International ^^ 

European regional 

Latin American regional 

Asian regional 


1,411.4 
17. Q 
117.7 


1.446.6 
21.8 
149.5 


1,361.4 
10.0 
107.1 


1,269.7 
3.6 
72.8 
29.6 

1,380.6 


1,269.7 
8.6 
72.8 
29.6 

1,330.6 


1,298,4 

7.9 

115.5 

29.4 

1,451.2 


1,277,4 

7,2 

94.8 

28.7 

1,408.1 


1,315.0 
10.1 
83.6 
28.8 


1,310.7 

7.0 

82.7 

28.7 

1,429.2 


1,236.9 
9.1 
85.0 
26.0 

1,407.0 


1,250.5 
9.8 
77.4 
22.0 




' 1,547.0 


1,618.0 


1,478.6 
25,550.7 


1,437.5 


1,359.8 




22,877.1 


25,517.82, 


27,723,7 2 


'27,593.12j 


/26,724.8 


26,725.4 


26,798.9 


27,152.4 


27,321.5 


27,304,4 





















For exclusions see headnote 
Grand total includes a net i 



page 88. 
rease of $50.8 



-$16.6 
Asia + 



eporting coverage, distributed 



Lllion, Canada +$0.8 
9.0 million and Afrlc 



illion, Latin Amer 
-$8.8 million. 



ullion arising from 

follows: Total Europe 



+$26.1 million, 



Data in the first coliamn are 
to data for previous date, and do not refli 
arrangements effective December 31, 1966. 
reflect changes in reporting arrangements < 



coverage and classification 
?ct changes in reporting 

Data in the second column 
effective December 31, 1966. 



Data exclude the "holdings of dollars" of the International Monetary 

Fund. For explanation see headnote on page 88. 

Preliminary. 



August 1967 



.CAPITAL MOVEMENTS. 



93 



Section II - Summary by Countries 
Table 2. - Short-Term Banking Claims on Foreigners i/ 



(Position at end of period In milll 



of -lollars) 



Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argent ina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

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 Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 

Africa : 

Congo (Kinshasa) 

Morocco 

South Africa 

United Arab Republic (Egypt).... 
Other Africa 

Total Africa 

Other Countries : 

Australia 

All other 

Total other countries 

International and regional 

Grand total 



8^.1 

81. ;i 

151.6 
10.0 
11/, . 



.'.2 . 8 

;\3.o 
39. b 
i8.5 

111.2 
36.5 

309.8 



202.9 
12P.0 
175.9 
338.1 
16.9 
6i3.9 
i9.2 
107.7 
77.7 
168.2 
?2i.i 
65.0 
l?.l 
20.7 



23.1 

20.8 
6.8 

O.i 
809.7 

21.2 
202 . 7 

6i.7 
31.7 



15.5 



7,957.2 



3V.i 
87.1 
72.1 

190.1 
13.2 

110.1 
33. 2 
51.4 
25.5 
50.1 
51.9 
72.9 

209.7 
27.8 



5.5 
27.2 



231.7 
9i.l 

174.1 

270.0 
16.4 

o69.1 
58.5 

170.1 
44.6 

220.0 

250.0 
52.5 
14.0 
23.0 



3.1 



17.3 
1.8 
86.0 
,750.9 
21.6 
231.5 
14.5 
82.1 
107.8 



33.6 
42.6 
60.0 



52.3 
37.4 
87.1 
72.2 

190.2 
13.2 

110.2 
38.3 
51.4 
25.5 
50.1 
51.9 
73.0 
42.1 

216.0 
27.8 
28.0 
5.5 



27 


2 


1,207 


6 


669 


3 



231.7 
94.1 

174.1 

270.1 
16.4 

673.7 
58.5 

170.3 
U.7 

220.0 

250.1 
52.5 
14.0 
23.0 



1.8 
86.0 
2,768.0 
21.6 
229.6 
14.5 
82.1 
107.5 



3,358.4 



33.6 
42.6 



66.9 
61. B 
90.6 
73.2 

214. 6 
16.5 

108.0 
40.2 
75.6 
43.9 
67.4 
74.1 
83.0 
52.2 

209.9 
19.4 
36.6 
2.0 
16.2 



1,363.5 



193.5 
114.5 
158.7 
307.7 
16.2 
766.5 
83.9 
210.7 
44.5 
225.7 
272.0 
60.7 
17.6 
17.1 



30.8 
16.5 
5.9 
98.4 
2,502.5 
30.7 

220.1 
14.1 
81.0 

134.1 



3,134. 



1.7 
50.3 
25.1 
66.1 



139.1 


- 


139.1 


51.9 
14.8 


52.0 
14.- 


OD.3 


00.8 


.2 


.2 


7,631.7 2/ 


7 


734.5 2/ 



144.1 



7,818.91/ 



h,,.9 

Dl.8 

90.6 
73.2 

234-3 
16.5 

108.0 
40.2 
75.6 
43.° 
07.4 
74.1 
88.0 
52.2 

198.2 
19.4 
36.6 

• 2.0 
16.2 



193.5 
114.5 
158.7 
307.7 

15.2 
766.5 

84.8 
212.7 

44.5 
225.7 
272.5 

60.7 

17. r, 

17.1 



.7 

30.° 

16.5 

5.9 

98.4 

,583.0 

30.7 

220.5 

14.7 

81.0 

135.0 



50.3 
25.1 
56.1 



7,910.0 2/ 



19.4 
68.3 
42.5 
89.9 
59.9 

202.8 
14.5 
84.5 
35.9 
63.7 
44.3 
74.6 
68.4 
80.1 
50.4 

224.1 
22.5 
38.9 
1.9 
17.1 



184.9 
118.9 
151.7 
294.8 

16.2 
792.2 

78.8 
214.1 

43.9 
225.6 
270.6 

62.5 



30.7 
12.4 
6.5 

102.0 

2,509.1 

32.7 

233.3 
23.0 
32.6 

1=0.8 



7,760.4 



20.2 
75.7 
41.7 
91.1 
63.6 

175.2 
14.9 
78.0 
44.7 
60.4 
40.8 
71.0 
77.3 
82.0 
27.4 

213.1 
22.2 
39.2 
1.8 
17.2 



1,257.6 



175.5 

121.8 

149.8 

285.6 

16.2 

820.8 

78.3 

225.9 

38.6 

220.0 

273.6 

61.8 

17.0 

17.2 



31.1 
12.0 
6.3 

105.3 

2,507.2 

34.1 

228.4 
25.8 
85.9 

136.5 



3,173.3 



3.8 

42.6 
14.7 



13.8 
72.7 
43.8 
92.4 
66.2 
180.0 
14.2 
69.7 
44.0 
62.3 



77.8 
30.9 
37.3 
218.2 
22.3 
38.8 
1.2 
20.4 



135.9 

127.6 

U7.3 

274.4 

16.2 

856.7 

80.0 

232.8 

56.1 

219.8 

259.8 

5';.Q 

17.2 

l'i.5 



13.1 
5.5 
96.4 
2,626.4 
37.6 
231.6 
29. o 
30.2 
130.6 



.9 
2.2 
42.0 
30.2 
70.3 



145 



17.5 
72.5 
34.5 
97.3 
71.5 

201.1 
15.1 
64.0 
35.2 
60.4 
36.1 
d8.3 
76.5 
81.2 
47.3 

215.6 
23.0 
41.8 
1.0 
1Q.6 



186.1 

122.7 

151.1 

249.3 

16.2 

336.0 

75.0 

238.4 

59.3 

205.2 

258.0 

61.3 

17.3 

17.3 



30.7 

14.2 

5.5 

88.9 

2,732.1 

52.4 

244.9 

33.1 

84.2 

116.1 



3,402.9 



.3 
2.3 
36.7 





74.0 


138.0 


■'0' V 


62.1 


.5 


8 


,004.3 



17.8 
66.6 
33.7 
99.8 
65.4 

199.0 
17.5 
72.9 
34.2 
59.9 
33.7 
70.9 
71.5 
34.3 
37.0 

267.2 
.24.2 

31.7 
.1 

20.7 



179.2 
123.1 
152.1 
230.3 

16.2 
872.0 

74.6 
262.5 

60.1 
218.2 
248.6 

51.3 

18.3 



13.7 

5.4 

93.5 

2,841.3 

43.6 

249.4 

29.8 

82.8 

113.8 

3,500.0 



.3 
4.3 
34.1 
30.7 
62.1 

132.0 



held by U.S. monetary author- 



jl/ Excludes convertible foreign 

I ities . 

J 2/ The second column for 1965 differs from data in preceding column 
because of the addition of short-term claims held in custody for 
domestic customers but reported by banks for the first time beginning 
December 31j 1965, and short-term claims reported by banks reporting 



for the first time. 

2/ Data in the first column are comparable in coverage and classification 
to data for previous date, and do not reflect changes in reporting 
arrangements effective December 31, 1966. Data in the second column 
reflect changes in reporting arrangements effective December 31, 1966. 

» Less than $50,000. p Preliminary. 



94 



.CAPITAL MOVEMENTS- 



Treasury Bulletin 



Section II - Summary by Countries 
Table 3. - Long-Term Banking Claims on Foreigners 



ad of period in millions of dollars) 



nuary February March 



May p June p 



Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republic 

Bahamas and Bermuda 

Netherlands Antilles and Suri 
Other Latin America 

Total Latin America 

Asia : 

China Mainland 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 

Africa : 

Congo (Kinshasa) 

Morocco 

South Africa 

United Arab Republic (Egypt). 
Other Africa 

Total Africa 

Other Countries : 

Australia 

All other 

Total other countries 

International and regional 

Grand total 



25.7 
26.0 
31.3 



3.? 

100.8 



3.7 
31.3 



112 


o 


oO 




-.7.7 


_ 


i,o;-.8 



134.8 
83.5 
55.3 
64.6 
61.8 

158.9 
50.0 

374.3 
15.2 

265.9 
85.8 
69.6 

109.6 
41.8 



99.6 
91.0 



33.8 
1.3 



24.8 
384.7 

3.1 
138.0 

3.4 
7.6 



134.9 
86.5 
56.8 
66.1 
66.3 

159.5 
50.3 

382.7 
15.2 

274.8 
82.4 
73.1 

109.1 

37.3 

.8 

87.4 

3.3 

i°.q 



1,719. 



36. 

169. 



512.0 
80.1 
4°.l 
37.0 

100.6 
99.2 
37.2 
33.8 
5.0 



144.2 
3.4 



114.'- 
6.? 



77.3 
95.1 
43.4 
67.2 
58.4 

205.2 
84.0 

342.1 
7.3 

221.9 
90.2 
72.4 
93.4 
37.5 



4.4 
10.5 



1,603. 



66.3 
152.2 



476.8 
73.2 
89.1 
44.2 
98.3 
119.0 
39.2 
8.0 
2.0 



27.8 
444.7 



250.5 
4.8 





207 


8 




IQr. 

30 


o 


-_.7.u 


,f. 


i.^lo.'-' 



27.6 

103.6 
28.7 
74.5 
42.9 

141.1 
97.9 

199.6 
5.0 

187.6 
73.5 
63.9 



6<^.; 

8.6 



65.7 

119.8 

45.1 

78.1 

.6 

513.4 
71.2 

150.2 
50.2 
88.9 

124.2 



3.8 
33.4 

27.0 

325.6 

4.2 

223.4 



61.2 

4.0 

157.0 



30.8 

105.4 
27.0 
75.5 
43.7 

140.3 
98.0 

174.8 
5.0 

178.4 
70.4 
67.0 
58.6 
16.7 
1.7 
71.6 



113.7 
47.4 



51.6 
77.3 
122.3 



32.1 

23.7 

312.4 

5.4 

211.7 

5.3 
8.0 

OQ . 1 



57.1 
4.5 



223 





306 
31 


1 


3J7 


8 


1.0 


4,')7;'.5 



23.8 

102.5 
27.0 
77.3 
43-3 

141.6 
91.7 

16°. 8 
5.0 

175.2 
72.3 
63.2 
55.5 
17.4 
1.7 
71.6 
11.7 
13.8 



76.2 

6°. 3 
148.0 

52.2 

77.9 
120.5 

20.1 



23-3 

300.9 

5.4 

203.6 

5.0 

9.5 

101.5 



57.8 

4.7 

156.8 





22? 


7 




ill 
31 


2 




34.-: 


7 




1 







o;:4 


J. 



22.5 
98.3 
27.0 
77.1 
44.7 

130.5 
91.9 

165.8 
4.9 

171.2 
69.9 
61.4 
59.8 
16.6 
1.8 
68.1 
11.6 



64.2 

10°. o 

43.7 

71.5 

.6 

516.3 
69.9 

145.1 
52.2 
86.8 

124.6 
18.2 
14.2 



38.2 

22.7 
287.1 

13.3 

185.9 

5.1 



150.0 
215.4 



336.7 
30.° 



21.7 
97.9 
25.3 
76.0 
43.0 

133.2 
96.6 

155.5 
4.5 

169.1 
66.6 
59.6 
57.0 
16.2 
1.8 
68.5 
11.8 



1,131.0 



63.8 
108.5 



525.7 
68.0 

142.5 
50.6 
86.5 

125.9 
17.3 
U.2 
2.1 



3.8 
38.2 

21.5 
278.3 

U.l 
189.7 
5.1 
10.6 
96.9 



57.9 

5.9 

155.0 



22. b 
87.5 
23.6 
75.7 
42.2 

137.9 
95.1 

U9.5 
4.4 

162.6 
67.8 
57.2 
51.4 
16.1 
1.8 
64.5 
13.4 
10.1 



62.7 

103.6 

45.3 

69.5 

.6 

536.7 
66.9 

139.5 
50.7 
86.3 

124.4 
15.9 
14.2 
5.3 



21.6 



3.3 
37.2 

21.0 
262.7 
17.5 

187.1 

5.1 

10.4 

102.3 



646.7 



59.5 

5.6 

170.4 



348.9 
31.7 



1/ The second column for 1964 differs from data in preceding column 
because of the addition of $313.3 million of long-term claims aris- 
ing from the inclusion of claims previously held but first reported 



as of December 31, 1964, and from 
» Less than $50,000. 
p Preliminary. 



isions of preliminary figure 



August 1967 



.CAPITAL MOVEMENTS. 



95 



Section II - Summary by Countries 
Table 4. - Net Transactions in U.S. Government Bonds and Notes by Foreigners!/ 



(In thousands of dollar 



by foreigners 



et outflou of capital from the United States) 



Europe : 
Austria 



Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey v 

United Kingdom 

Yugoslavia 

Other Western Europe. 

U.S.S.R 

Other Eastern Europe. 



Total Europe 

Canada 

Latin America : 



Argentin 
Brazil. . 
Chile... 
Colombia 

Cuba 

Mexico. . 



Peru. 
Uruguay. 



la. 



Other Latin American Republics... 

Bahamas and Bermuda 

Netherlands Antilles and Surinam. 
Other Latin America 

Total Latin America 



China Mainla 
Hong Kong. . . 

India 

Indonesia. . . 
Israel 



Korea 

Philippines. 

Taiwan 

Thailand 

Other Asia. . 

Total Asia. . 



Africa: 

Congo ( Kinshasa ) 

Morocco 

South Africa 

United Arab Republic (Egypt). 
Other Africa 



Total Africa 
ther countrie 



Australia 

All other 

Total other countries 



International and regional : 

International 

European regional 

Latin Am.erican regional.. 
Asian regional 



Tatal international and regional . . 
Grand total 



-39,3o5 
3,377 



693 
-141 



5iA 

1,038 

-97 

-7,239 



3)9 

14 

-230 



1/ For exclusio 
P Preliminary. 



page 88. 



-33 
204 



;,719 
9,993 



19 
133 



709 
1,130 



-151,115 



-^3 
-1,101 



-92 

-20 
356 

-1,301 

1,942 

3 

429 



254 



3,7 



135 

-219 

-1,896 

-793 



"l^FT 

t hrough 
June D 



-115,829 



-34 
-4 30 



-57 
7,779 
-594 



-32 

-333 
-793 



-13,035 



- 


,7 


-1 


-•=.2 


-31 


-98 


-7 


-129 


l,o0n 


-135 


-3 


-38 


-13 


- 



■I,7v0 
33] 






-13 
-23 



-1,212 
.J, 552 



96 



Treasury Bulletin 



.CAPITAL MOVEMENTS 



Section II - Summary by Countries 

Table 5. - Net Transactions in Long-Term Domestic Bonds, 

Other Than US. Government Bonds and Notes, by Foreigners 

(In thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from 



United States) 



Country- 



Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe. 

U.S.S.R 

Other Eastern Europe. 

Total Europe 



Canada 

Latin America : 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republics... 

Bahamas and Bermuda 

Netherlands Antilles and Surinam. 
Other Latin America 



Total Latin America. 



China Mainland. 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines. . . . 

Taiwan 

Thailand 

Other Asia 

Total Asia 



alendar year 



Africa : 

Congo ( Kinshasa ) . . . . 

Morocco 

South Africa 

United Arab Republic 
Other Africa 



Total Africa . . . 

other coxintries : 

Australia 

All other 



( Egypt ) . 



Total other countries 



International and regional : 

International 

European regional 

Latin American regional. . 
Asian regional 



Total international 
Grand total 



ind 



-251 

-273 

^,053 

373 

IbO 

-i,291 

11,196 

-19 

25 

-609 

13,574 

-7 

17;:, 530 
-33S 



56 

-26 

310 

-279 

53 

593 

-420 

574 

1,247 

-i,702 



334 

262 

723 



-3,594 

7 

17,093 

42,665 

7 

4,362 

50 

23,051 

6C6 

922 

3,207 

51,195 

-87 

-123,430 



213 

-311 

-1 

644 

-567 

-28 

226 

454 

251 

3,063 

-2,826 



159 



4J 
121 






2,644 

24 

50,700 

76,315 

29 

16,668 

14,971 

-3,531 

349 

1,284 

8,547 

129,545 

-50 

444,632 



378 

84 

-175 

164 

1,050 
124 
-43 
535 
92 
624 
10,347 
3,345 



10,30.. 



1,369 



7,357 

2,966 

49 

18,533 

7,537 

293 

3,722 

3,540 

1,764 

65 

-283 

4,462 

81,633 

3 

153,827 



2,008 
21 
53 

-197 
1,089 
24 
178 
402 
833 
616 
2,321 
356 



-61 
1,401 
15 
-12 
94 
131 



1,036,049 



1 


300 


65 


330 


379 


539 



403 

5,118 

1,713 

115 

1,573 

-223 

-2,345 

-45 

-103 

-1,543 

11,826 

-1 

11,373 



342 
-973 



1,26<-; 



'315' 

6,773 

3,420 

17 

3,285 

1,480 

5,290 

-35 

-221 

2,244 

13,597 

16,117 



360 
576 

134 



1,067 

-421 

22 

546 

930 

-177 

-26 

-16 

2,432 

16,884 

-1 

45,793 



3 



1,982 
631 

-13 



255 

-544 

316 

-1 

-13 

1,761 

7,302 

1 

4,010 



:^ 



257 
-84 



14 
167 
-199 

-U5 



1,679 
1,307 

2,587 

1,375 

23 
1,827 
766 
167 
163 
-21 
-991 
17,272 

67,645 

131 



123 

161 

-94 
129 
-62 
69 
66 
-48 
-820 
-73 



August 1967 



.CAPITAL MOVEMENTS. 



97 



(In thousands of dolla 



Section II - Summary by Countries 
Table 6. - Net Transactions in Domestic Stocks by Foreigners 

i; negative figures indicate net sales by foreigners or a net outflow of capital from the United States) 



Europe : 

Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Eiirope 

U.S.S.R 

Other Eastern Europe 



Total Europe 



Argentin 
Brazil.. 
Chile... 
Colombia 

Cuba 

Mexico. . 



Peru 

Uruguay 

Venezuela . . . ^ 

Other Latin American Republics... 

Bahamas and Bermuda 

Netherlands Antilles and Surinam. 
Other Latin America 

Total Latin America 



Asia : 

China Mainland. 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 



Total Asi 



Africa : 

Congo ( Kinshasa ) . . . 

Morocco 

South Africa 

United Arab Republi 
Other Africa 



(Egypt). 



Total Africa. 



Other countries : 

Australia 

All other 

Total other countries 

International and regional : 

International 

European regional 

Latin American regional 

Total international and reglo 

Grand total 



-11,580 

l,0i5 

60 

-36,816 

-2,811 

-396 

6,98i 

17,050 

-2,4U 

6,127 

-li5 

-2,119 

-213,879 

-10,68i 

-176,832 

2,170 

-2,152 

-a 



1,745 
1,900 
1,530 
-1 
3,763 

-2,796 
552 

-2,6U 
4,910 
1,138 
2,703 
7,056 



-113 

802 



-99 

-240 



-3,070 

-13,3i32 

-190 

157 

-2,748 

10,348 

-923 

-6,947 

-11,458 

-1,632 

8,164 

-2,D2l 

-4,034 

-37,127 

-377 

-398,189 

-447 

-7,444 



-115 

113 

1,535 

-487 

-4,;. 47 

.-:,289 

-1,180 

-6,386 

6,963 

-984 

-1,135 

-10,780 

12" 



1,166 
549 
-3 

-2,216 

-60 
8,473 



-36 
-36 



399 
134 

-12,624 

7,501 

197 

-o,383 

-45,488 

1,812 

t,105 

3,970 

-1,125 

-64,069 

-4,643 

-524,270 

-763 

1,626 

-3 

9 



o37,163 



3,314 

352 

1,113 

2,866 

-491 

o,C92 

9,101 

1,050 

39 

13,o51 

-478 

15,503 

-3,lo4 



"19S7 
through 
June p 



16 
-83 



-974 

3,031 

-834 

-36 

18,027 

25,609 

1,256 

9,650 

350 

-919 

-10,861 

-3,970 

-992 

10,728 

-1,028 

-108,160 

-104 

-527 

213 



1967 



-1,402 

-450 

-28 

-661 

-166 

-7,051 

7,872 

-47 

-1,171 

2,341 

-314 

14,865 

-24 

565 



14,329 



-104 

13,824 

24 

-47 

-627 

1,037 

17 

297 

-6 

-464 

727 

14,673 



102 

1,857 

-8,291 

-707 

191 

-1,031 

-266 

7,467 

-231 

-30,001 

1,104 
213 



-39' 

-107 

36 

-335 

-1,113 

2,484 

-337 

-1,030 

521 

-559 

-836 

990 

-.:9.: 



-103 

:,3?3 



43 

205 

-608 

-36 

198 

3,235 

-64 

2,972 

-1,432 

141 

-1,062 

-2,473 

-165 

-9,390 



-249 
-167 



2,285 
-80 
13 
-504 
-623 
2,566 
-241 
-396 



l,82t 



-13 

-893 



8,494 
6,2^6 



5,239 

-184 

-743 

3,228 

-243 

-11,578 

312 

-34,612 

-16 

-.',41 



-3,677 



-213 

106 

-116 

391 

1 

-907 

2,325 

39b 

77 

-1,455 

218 

5,799 



6,859 



-37 


133 
171 

3'J4 



2,313 

342 

-3 

7,062 

5,045 

522 

2,430 

3,639 

-231 

-1,551 

-3,592 

190 

26,389 

66 

-7,334 



22,613 



-474 

-738 

-549 

87 

620 

1,333 

698 

2,041 

2,359 



1,^03 
-38 



-3 
-74 



-592 
-157 



66,301 



-1,190 

-145 

-7 

-1 

2,871 

5,498 

553 

-691 

3,799 

-183 

-3,497 

287 

353 

-8,661 

-1,295 

-2,320 

448 



-141 
-118 
-157 

-3,024 

-836 

18 

-15 

1,548 

34 

984 

-1,334 

-230 



-3.315 



1,817 



-1,070 



p Preliminary. 



98 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section II - Summary by Countries 
Table 7. - Net Transactions in Long-Term Foreign Bonds by Foreigners 



(In thousands of dollars; 



figures indicate net sales by fore 



of capital from the United States) 



1967 
through 
June p 



Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

N etherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

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 Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 

Africa : 

Congo ( Kinshasa ) 

Morocco 

South 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 



3,269 

231 

-A, 133 

-25,017 

16,817 

18,435 

10 

-24,509 

-S,909 

-17,379 

-3,973 

6,318 

10,321 

86,881 

142 

18,555 

332 

-19 



77,41'--. 
73,731 



11,107 
2,871 
1,093 
3,205 

-41,596 

218 

108 

3,282 

868 

-16,222 

-1,423 

220 

1,243 



-35,026 



1,497 
-1,402 



-90,649 
6,769 



-9,859 



7,500 
2,181 



4,d36 

-1 

2,323 



6,943 



18,207 
2,886 



23,850 
-17,445 
-147,506 



-928,32 



1,247 

9,787 

-8,855 

-25,842 

23,887 

9,138 

15 

10,522 

3,488 

-4,073 

-20,004 

-281 

-34,244 

85,147 

-147 

-43,759 

-29,58S 



. 3,4c 



-b,534 
2,633 
1,233 

1,788 

-31,019 

1,661 

801 

2,852 

-5,017 

208 

-2,688 

-1,981 

883 



-35,184 



-76,273 
-48,250 



6,990 
-10,675 



-141,513 



4,476 
-1,076 



-42,291 
-14,996 



-153,219 
-11,573 



-16,064 

74,042 

4,137 

1,009 

23,322 

-8,576 

14 

59,797 

-1,759 

-969 

-11,481 

-332 

-8,422 

62,582 

-327 

-6,764 

528 

-31,867 



-4,651 
19,315 
3,299 

230 

-1,905 

311 

-19,266 

3,166 

3,203 

-8,007 

-16,941 

3,793 



1,393 

1,252 

-U 

-54,802 

8,552 

-1,549 
739 

9,790 
30,004 



i,635 



4,460 
11,542 



20,376 
-21,350 



-1,474 



-111,473 
-20,339 



1,630 

12,149 

9,561 

2,540 

19,722 

17,660 

1,096 

23,904 

-12,824 

3,672 

1,583 

679 

-4,830 

26,462 

-62 

10,976 

500 

-12,369 





-IS 


101,531 


-316 


■^53 



3,359 

11,793 

843 

-627 

-17,539 
1,261 
-393 
-172 
15,608 
2,359 
9,569 
1,326 
-1 , 233 



2,855 

1,799 

-76, 592 
2,988 
1,000 

-1,504 
1,020 
3,000 

25,793 



-39,641 



200 
1,632 



-15,393 
736 



-154, 591 
-17,796 
-63,711 



-430,111 



7:J9 

457 

954 

2,271 

6,241 



1,003 

348 

-167 

-47 

4,930 

^►,168 

1,793 



-1,641 
415 
15 



47 

67 

1,457 

506 

-22'; 



77 



-9,425 
553 



59o 
191 



-12,310 
-3:), 901 



-493 
2,486 



-3,532 

-244 

239 

23 

9 

-292 

6,380 

27 

-3,617 



-64 
,525 
379 



:j,533 
118 



1,215 

6,352 

3,319 

460 

939 

960 

1,000 

7,623 

673 

2,4C6 

1,418 

935 

-13,256 

4,670 



4,949 

5,057 

315 



2,205 

503 

8 

-763 

9,959 

1,933 

994 

883 

-265 



;'5,773 



1,000 
-3,399 



1,053 
4,269 



Sn;7 


-313 


1'" 


,04c 



-37,016 
32 



641 

5,405 

1,409 

516 

3,338 

4,466 

7 

3,718 

1,479 

-227 

15 

-114 

1,047 

-7,875 

529 



-3,429 



5,168 
210 
-79 

2,477 

-98 

-350 

417 

5,821 

396 

1,037 

52 

-250 



14,781 



-11,963 



-31,014 
1,040 

-14,000 



132 
-3,242 
1,457 

528 
1,739 
4,871 

-U 
2,041 

708 

362 

257 
20 

760 
4,587 

-85 
2,647 

-336 



654 
-148 
77 
-302 
168 
265 
-273 
-256 



21,919 



-5,718 
1,494 



-1,019 



554 


-441 


1,523 
84 


-8,504 
362 


1,607 


-3.142 


8,553 
233 

-9,? 10 


10,603 
-1^,277 



August 1967 



.CAPITAL MOVEMENTS. 



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 capital from the United States) 



alendar yea 



1967 

through 
J™° P 



99 



Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 



Total Europe 



Latin America : 

Argentina 

Brazil 

Ghile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republic 

Bahamas and Bermuda 

Netherlands Antilles and Suri 
Other Latin America 

Total Latin America 

Asia : 

China Mainland 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 



Total Asia. 



Africa : 

Congo ( Kinshasa ) 

Morocco 

South 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 



a4,223 
1,029 



103,669 



-3,820 



11 i;. 3: 



7,301 






-t7,7:'9 
0'',i?9 

"39 

90,199 

-116 

:■ ,'j31 



a9 

159 

-Lj,929 
-1,045 

-I 



-499 
,373 
,3c9 



,517 
-205 
,360 
,039 
-37 
?49 
1S9 
,775 
,556 
-499 
,317 



-473 

96 

-680 

468 

-1,575 

13,238 

-1,795 



-3,095 



-1,9.. 1 



-1,301 

-6,603 

-213 

Ai. 

-7,608 

23,650 

10 

59 

-7,307 



36,421 

1,1'^3 



-135 

-32 

-167 

31 

-2,427 

-663 

14 

-663 

-294 

25 

4,650 

-"45 



15 
-3,913 



-300 
-1,671 
-1,297 

-7,634 
ll,5.:3 



-11,15.- 
-3) 



131 
-3o 



1,5.;3 

-94 



,463 
272 



-190 
46 



605 

150 



140 

,375 

-5 

44 

-1,247 

496 

..',135 



-,>50 
-106 



-501 
-309 



238 
4,323 



109 
2,459 



-409 

-13 



3,066 



54 
-;,470 



-134 
-3,492 



100 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section II - Summary 
Table 9.- Estimated Holdings of U. S 

{Position at end of period in m: 



by Countries 

Government Bonds and Notes 



Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe. 

U.S.S.R 

Other Eastern Europe. 

Total Europe 



Latin America: 



Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela . . . v 

Other Latin American Republics. 

Bahamas and Bermuda 

Netherlands Antilles and Surina 
Other Latin America 

Total Latin America 



China ^4ainland. 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 



Africa: 

Congo ( Kinshasa ) 

Morocco 

South Africa 

United Arab Republic (Egypt). 
Other Africa 



Total Africa. 

Other countries 

Australia. 

All other 



Total other countries. 



al and regional : 



International. 

Kuropean regional 

American region 
regional 



Lati 



7^8 
687 



Total international and regional,. 



Grand total. 



,7^ 



7G 



903 



2,^05 



^>329 



325 
1,713 



: lata represent estimated official and private holdings of U.S. Go 
(rnt securities with an original maturity of more than one year, and 
re based on a July 31, 1963 survey of holdings and regular monthly 
sports of securities transactions (see Table A.) . For exclusions see 



247 



l,6i^ 



1,627 



233 



1,663 



359 
50 



headnote on page 88. Annual and monthly da 
section beginning with the February 1964 i 
Less than $500,000. 
Preliminary. 



August 1967 



.CAPITAL MOVEMENTS. 



101 



Section III - Preliminary Details by Countries 
Table 1. - Short-Term Banking Liabilities to Foreigners as of June 30, 1967 i 

(Position in thousands of doilars) 





Total 
short- 
term 
liabilities 


Short-term liabilities payable in dollars .: 






To foreign banks and o 


fficial institutions 


To all other 


foreigners 




Short-term 

liabilities 

payable 

in 

foreign 

currencies 


Country 


Total 


Deposits 3^' 


U. S. 
Treasury 
bills and 
certif- 
icates 


Other 


Total 


Deposits _4,' 


U. S. 
Treasury 
bills and 
certif- 
icates 


other 


Europe: 


173, i92 

555, iOO 

276, i38 

95,583 

9i8,A75 

2,342,168 

102, 9i7 

1,-122,363 

390,512 

3i7,58i 

352,347 

122,311 

658,516 

1,783,078 

25,795 

3,666,955 

33,399 

556,426 

5,140 

33,716 


143,947 

528,158 

267,249 

91,880 

872,590 

2,066,396 

65,603 

1,385,515 

361,026 

308,869 

284,419 

65,252 

642,442 

1,560,070 

22,893 

3,444,685 

32,220 

381,312 

4,969 

32,047 


46,702 
384,229 

97,589 

29,824 
435,595 
233,822 

44,070 
406,158 
156,368 
103,466 
279,658 

60,641 
127,254 
458,196 

22,748 
2,635,696 

11,902 

89,945 
4,287 

29,614 


42,400 
86,027 
90,410 
12,100 
251,905 
1,579,672 

923,000 
140,043 
33,500 

457,300 
223,625 

696,229 

17,450 

224,705 

83 


54,845 

57,902 

79,250 

49,956 

185,090 

252,902 

21,533 

56,357 

64,615 

171,903 

4,761 

4,611 

57,888 

878,249 

145 

112,760 

2,868 

b6,662 

682 

2,350 


4,386 
26,874 

8,951 

3,699 
74,202 
72,931 
37,104 
36,583 
29, 3U 
38,525 
67,917 
57,000 
15,375 
162,107 

2,898 
201,155 

1,179 

23,296 

171 

1,669 


4,076 
24,992 

8,582 

3,696 
65,087 
63,031 
35,784 
34 ,688 
21,136 
35,282 
62,382 
53,352 
14,155 
92,410 

2,892 
125,173 

1,150 

13,903 

171 

1,573 


283 
36 

6,365 

5,712 

8 

360 

5,837 

2,106 

8 

292 

685 

5,459 

13,567 

6 

U7 

29 


310 

1,599 

333 

3 

2,750 

4,188 

1,312 

1,535 

2,341 

1,137 

5,527 

3,356 

535 

64,238 

6 

62,415 

23 

'='.24' 

b7 


25,159 




368 




238 








1,683 

202,841 

240 

265 










172 




190 






Spain 


59 


Sweden 


699 

60,901 

4 






21,115 








151,818 


U.S.S.R 

Other Eastern Europe 






13,392,645 
2,082,644 


12,561,542 
1,786,123 


5,657,764 


4,778,449 
292,292 


2,125,329 


865,336 
286,151 


663,515 
258 ,972 


40,900 


160, U21 


465,767 






1,483,051 


9,880 


14,330 


].'.-V- 








Latin America: 

Argentina 


580,852 
249,003 
248,779 
168,867 
8,370 
717,402 
144,649 
265,474 
133,049 
691,232 
566,860 
235,613 
120,819 
19,271 


315,979 
166,439 

92,102 

68,886 

968 

404,980 

20,164 
104,881 

25,840 
232,778 
295,407 
149,796 

37,409 
3,486 


119,317 
108,068 

90,351 

68,181 

968 

186,714 

19,437 
104,761 

24,723 
232,100 
193,623 
137,698 

23,478 
3,392 


122,820 

12 

73,100 

25,790 
1,266 

10,620 


73,842 

58,296 

1,739 

705 

145,166 

727 

120 

1,117 

678 

75,994 

10,832 

3,311 

94 


264, d26 
82,527 
156,614 
99,951 
7,402 
311,688 
123,846 
160,328 
107,198 
458,452 
271,449 
78,209 
83,379 
15,759 


259,359 
81,120 

153,600 
96,684 
6,814 

301,328 
94,824 

153,838 
98,715 

453,775 

259,695 
70,327 
58,504 
15,695 


110 

538 

18 

95 

3,787 

1,177 

269 

112 

193 

460 

1,003 

2,456 

55 


1^207 
2,476 
3,249 

4°3 

6^221 
8,371 
4,484 

11,294 
6,879 

22,419 
9 


247 
37 


Chile 


63 




30 








734 
63° 




265 


Uruguay 


11 
2 


Other Latin American Republics.,.. 


4 
7,608 


Netherlands Antilles and Surinam.. 


31 
26 






Total Latin America 


^,irc),240 


1, "19, 115 


1,312,811 




372,o21 


2,221,428 


2,104,278 


10,273 


106,377 


=-^b-7 


Asia: 


36,248 
157,895 
215,786 

47,475 
165,854 
2,485,894 
171,484 
259,943 
227,276 
617,196 
755,094 


30,261 
68,442 
181,715 
45,517 
157,133 
2,449,827 
166,647 
186,156 
214,119 
611,100 
656,332 


30,233 
59,063 
37,405 
25,583 
109,050 
1,171,353 
162,830 
176,035 
173,895 
216,081 
322,276 

2,483,804 


130,300 
18,400 
33,330 

626,695 

2,200 
388,885 
117,830 


28 
9,379 
14,010 
1,534 
14,753 
651,779 
3,817 
10,121 
38,024 
6,134 
; 16, 176 


5,987 
89,304 
33,169 

1,958 

8,705 
35,899 

4,837 
73,383 
13,157 

6,096 
^■6,687 


5,505 
85,505 
32 ,983 

1,958 

8,361 
33,262 

4,831 
69,428 
12,880 

6,047 
95,197 


1,204 

985 

50 
382 


482 

2,595 

18b 

344 

1,652 

6 

3,955 

227 

49 

1,108 


_ 




149 


India 


902 




- 




16 




168 




- 


Philippines 


404 




- 


Thailand 


- 




2,075 


Total Asia 


5,140,145 


4,767,249 


l,317,c90 


--S75-: 


" ■',1-2 


355,957 


2,621 


10,b04 


3,714 






Africa: 


9,872 
31,060 
66,976 
17,642 
250,466 

376,016 


7,421 
27,288 
58,777 
10,696 
211,134 


5,055 
26,858 

51,313 
10,144 
136,106 


1,850 

6,000 

200 

62,520 


516 

430 

1,464 

35? 
12,508 


2,451 
3,772 
7,362 
■-,^45 
3°,21d 


2,451 
2,870 

7,846 
6,<;'45 
34,332 


2 
93 


°00 


_ 




- 


South Africa 


337 


United Arab Republic (Egypt) 


1 

Hi;. 


Total Africa 


315,316 


229,476 


70,570 


15,270 


60,246 


54,944 


100 


5,202 


454 


Other countries: 


276,331 
26,572 

302,903 

1,250,528 
9,756 
77,423 

2?, 044 
38 


256,262 
19,641 

275,903 


109,182 
13,264 


138,300 


3,780 


17,827 


17,417 

•: , 72 ■: 


136 


274 


2,242 


All other 


371 




122, 44d 


138,300 


15,1"'7 




. ',u: 




oil 








International and regional: 


1,250,469 
9,756 

77,395 

22,041 

38 


134,250 
8,154 
21,904 

1,777 
33 


1,006,726 

10,400 
17,764 


109,493 

1,602 

45 , 001 

500 


59 

28 

3 


3 


- 


- 




international ^ '' 






- 




- 


African regional 

Total international ami regional A/ 


: 


1,;^^',7?" 


1.--:..--"-' 


].. ,.-v, 


00 


on 


- 


- 


- 


Grand total 2/' 


'''--'■ 


..V--.,-v 


'--'"-'■ I 






',326,320 


i,£^^-,^ 


- "''-'"-^ 


4'^3,115 



For exclusions see headnote on page 88. 

Data exclude the "holdings of dollars" of the International Monetary 

Fund. For explanation see headnote on page 88. 

Grand total includes $7,873,931 thousand of demand deposits and 

$3,584,534 thousand of time deposits, but excludes negotiable 



certificates of deposit, uhich are included in "Other." 
4/ Grand total includes $1,615,484 thousand of demand deposits and 

$1,845,412 thousand of time deposits, but excludes negotiable time 
certificates of deposit, which are included in "Other." 



102 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Table 2. 



Section III - Preliminary Details by Countries 
Short-Term Banking Claims on Foreigners as of June 30, 1967 1/ 









(Positi 


on in thou 


sands of doll 


ars) 














Total 
short- 
term 
claims 


Short-term claims payable in dollars 


Short-term 


claims payable in foreign currencies 




Total 


Loans 


to: 


Collections 
outstanding 
for own 
account and 
domestic 
customers 


Accept- 
ances 
made for 

of 

foreign- 


Other 


Total 


Deposits of 

reporting 

banks and 

domestic 

customers 

with 

foreigners 


Foreign 

obligations 
and commer- 
cial and 
finance 
paper 




Country 


Foreign 
banks and 
official 
insti- 
tutions 


Other 


Other 


Europe: 


17,353 
6i,i^3 
39,80i 

101,. ^81 
68,101 

193,326 
U,125 
67,5o9 
28,838 
iA,093 
27,957 
63,i04 
73,i71 
85,i98 
37,646 

270,312 
24,098 
30,817 
1,254 
21,o57 

l,r.75,397 


16,921 
53,322 
38,599 

101,013 
54,963 

139,160 
14,018 
60,961 
22,234 
43,286 
27,694 
62,189 
68,977 
76,717 
37,628 

178,045 
24,078 
30,244 
1,251 
21,657 

l,073,4o2 


13,876 
15,706 

5,234 
14,404 
14,507 
38,423 

1,711 
15,395 

5,419 

6,983 
16,610 
10,450 
11,104 
22,542 
35,750 
78,310 
19,244 

1,253 

486 

11,47c 


131 

17,656 

7,468 

37 

4,925 

37,875 

674 

8,499 

3,783 

11,572 

3,368 

10,085 

2,994 

29,080 

348 

15,643 

16,123 


2,029 

8,930 

3,321 

1,790 

20,859 

35,766 

10,937 

29,981 

7,677 

3,672 

3,258 

18,619 

6,123 

9,565 

1,479 

20,312 

257 

5,978 

765 

1,-5" 


846 

6,652 

20,350 

84,747 

5,051 

22,878 

2,346 

4,675 
20,272 

4,398 
18,1=44 
41,420 

9,261 

32,843 

4,577 
4,313 

3,524 


39 

4,878 

2,176 

35 

9,626 

4,218 

696 

4,740 

680 

787 

60 

4,391 

7,336 

6,269 

51 

30,937 

2,577 


432 

10,671 

1,205 

268 

13,133 

54,166 

107 

6,608 

6,604 

807 

263 

1,215 

4,494 

8,781 

18 

92,267 

20 

573 

3 


431 

3,048 

1,161 

252 

11,086 

48,811 

81 

6,196 

6,580 

804 

262 

1,136 

4,468 

8,347 

16 

71,010 

20 

565 


1 
1 


1 




7,623 




44 


Finland 


16 


France 


2,046 




5,355 


Greece 


26 


Italy 


412 


Netherlands 


24 




3 




1 


Spain 


79 


Sweden 


26 




434 




2 


United Kingdom 


21,256 




- 




8 


U.S.S.R 


- 








333,933 


l':0,2r.l 


192, '^7 5 


2vl,79" 


79,496 


291,635 


164,27- 


2 


3", 3 56 








' 'l.-ll 


.;-'.'.,' ''' 


.'7,586 


175,7.;9 


13,508 


63,488 


199,308 


107,072 


46,303 


44,124 


16,645 




Latin America: 


r-'i.is^ 

117,283 
153,963 
223,296 

16,176 
865,170 

68,920 
283,074 

62,968 
209,310 
251,870 

77,745 

1",339 

1",-.!" 


l'» 1,501 
117,193 
153,961 
222,779 

16,157 
830,033 

68,905 
282,817 

62,968 
202,278 
251,714 

'■(■.,977 


44,973 
32,379 
18,358 
42,551 
1 
336,327 
32,413 
85,504 

19,885 
43,625 
30,703 

535 


21,557 
51,459 
46,915 
52,256 
US 
243,226 
20,590 
59,430 
8,645 
75,700 
42,235 
20,868 

13,373 

994 


47,346 
25,240 
32,031 
27,279 
16,038 
54,727 

9,611 
40,272 

9,627 
61,783 
103,426 

4,610 

3,262 
12,QS2 


70,540 
7,297 
55,885 
98,988 

164,005 
4,213 
90,447 
30,222 
43,846 
61,118 
15,383 

115 


6,080 
823 
772 

1,705 

31,748 
2,078 
7,164 
1,152 
1,064 
1,260 
5,413 


633 
85 
2 
517 
19 
35,137 
15 
257 

7,032 
156 

768 

4 
62 


42 
8 
2 
33 
19 
6,800 

12 

1,154 
132 

663 

41 


10,367 








Brazil 


77 


Chile 


- 




484 


Cuba 




Mexico 


17,970 




15 




245 








5,878 


Other Latin American Republics.. 


24 
108 


Netherlands Antilles and 




Other Latin America 


21 






Total Latin America 






.■11,503 


657,416 


443,23.: 






.,..,o87 


8,90- 


!■',-- 


2 5,413 


China Mainland 


lu^912 
5,205 
87,509 
.',947,001 
48,585 
269,278 
27,066 
86,608 
120,585 


16,293 

5,205 

87,505 

2,914,231 

48,579 
268, 31 f 
.^7,066 
86,600 
119,685 


r,',85o 

5,90<; 

39 

27,339 

414,008 

2,370 

164,678 

5,823 

16,391 

50,224 


6, .153 
389 

15,423 

10,730 
221 

23,350 
1,152 
5,763 
9,56.. 


1'' 
7,51' 
6,9S..' 
5,166 
5,051 
572,054 
32,157 
25,. 300 

11 /■29 


38,836 
1,787,004 
12,835 
54,720 
13,786 
52,603 
11,729 


1 . - 1 - 

806 

130,385 

996 

1,068 

7 

117 

1 , 292 


139 
619 

4 

32,770 

6 

462 


13''' 
321 

32,574 

5 

198 


- 


. 


Hong Kong 

India 


293 


Israel 


4 




196 


Korea 


1 




264 


Taiwan 






- 


Other Asia 


6 






Total Asia 


^,61f),.'3-, 


"0-->, ..:■)! 




-.•1.--.6... 


I.'-"", fill 


n5,3S^ 




-.14.. 


- 


-n^' 


Africa: 






•.,148 
•',796 

■:•■., 2'-);; 


2,477 

15,470 


15^32^ 
1,731 

20,470 


3,869 
17,535 
12.M29 


314 

24 

403 


1,116 
311 

590 


8-/ 
311 








- 


South Africa 


1,029 


Other Africa 


412 






Total Africa 




















- 






. ,....1 




lo!557 

h'-i .112 


io!n; 


4,313 
129 


"'69? 




1. ,4ri = 
369 


1,4"'; 

251 


5,502 
244 


4,312 
234 


- 






1,190 


All other 


10 






Total other countries 


(.3.3'..- 


4.44.^ 


-■,...1'. 




l.-,774 


1,72.: 


5 , 746 


4,54- 


- 


;,2oo 


International and regional: 


^50 


.'.5i 




- 


- 


- 


- 


- 


- 


~ 


_ 




- 




- 


Total international and 




•-■3 




'■83 


- 


- 


- 


- 


- 


- 




- 






Grand total 


:',.""1,':.,3 


■■'-'-'■"' 


'-'■"■' ■^■■■■' 


1,1 1.;, "^ 




.%9.:~,5]; 


.;--.,;.-; 


3':..,.--- 






^. ^-./ 




^L=^ 



1/ Excludes fore 



August 1967 



.CAPITAL MOVEMENTS. 



103 



Section III - Preliminary Details by Countries 
Table 3. - Long-Term Banking Liabilities to and Claims on Foreigners as of June 30, 1967 

(position in thousands of dollars) 



Europe : 

Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe. 

U.S.S.R 

Other Eastern Europe. 



Total Europe 



Latin America; 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republics... 

Bahamas and Bernnlda 

Netherlands Antilles and Surinam. 

Other Latin America 

Total Latin America 

Asia : 

China Mainland 

Hong Kong 

India 

Indonesia 

Israel 

Japan 



Ko 
Philippi 



Thailand 

Other Asia 

Total Asia 

Africa; 

Congo (Kinshasa) 

Morocco 

South Africa 

United Arab Republic (Egypt). 
Other Africa 

Total Africa 

Other countries: 



Australia, 
All other. 



Total other countries.... 
International and r egional : 



International . 
European regional . 
Latir American reg 



Asian regional 

Total international 
Grand total 



ind regional. 



Total 

long-term 

liabilities 



,011 
,000 
,020 
,015 



,216 
269 
521 



155 

15fc 

,051 

661 
,056 
,250 



23 

3i,950 

468,308 

20,000 

5,500 
1,100 

207,324. 



Total 

long-t 

claims 



Long-te 



payable in dolla 



21 , 300 

4,000 



17,719 
75,762 



131,269 
3,910 

15'',t'S4 



15,541 
1,5^^8 



122,00.- 



2,41' 
39,5?' 
1 ' 
13,251 
195,31n 
24,119 
lfi2,26L-> 
5,136 
10,328 
102 , 2'r. 



75,762 
19,998 
59,365 
42, UO 

113,711 
93,2dO 

131,269 
3,910 

157,884 
61,669 
f 1,478 
43,785 
15,541 
1,548 
<.0,493 
8,419 
11,007 





s 


312 


9 


'2 


5uO 


?::,:"^ 



88,250 
41,668 
68,359 



74,826 
122,006 



,340,615 



13,251 
195,316 
24,119 



5,136 
10,328 



1,931 

943 

50,766 

6,819 

163,191 



17,697 
75,762 
19,570 
57,525 
35,583 

118,497 
92,917 

128,275 
2,637 

157,788 
59,289 
57,216 
42,782 
14,545 
1,520 
35,874 
7,613 
10,541 



18 


•iU 


953 


9.*3 


288 


076 



109,049 
49,851 
39,977 
67,028 

479, 54o 
65,999 

Ul,334 
48,644 
69,323 

119,965 
23,495 



2,410 
38,470 
13 
11,263 
177,105 
10,320 
172,869 
5,120 
10,298 
inn, 01? 



161,004 
220,023 



22 

428 
1,840 
6,827 

214 

343 
2,994 
1,273 
96 
2,380 
4,262 
1,003 

996 

28 

4,619 



34,11" 



18,238 

38,399 

1,691 

1,331 

594 

42,900 

197 

3,366 

692 

5,003 

2,041 

25'' 

132 



1,066 



9,397 

16 



3,627 



Long-term 
claims 
payable in 



8,932 



229 
3,893 



104 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section III - Preliminary Details by Countries 
Table 4. - Purchases and Sales of Long-Term Securities by Foreigners During June 1967 2/ 

(In thousands of dollars) 



Purchases by foreigners 



Totol 
purchases 



Domestic securltlfc 



U. S. 

Government 
bonds and 
notes 



Corporate and 
other 



Bonds Stocks 



Foreign securlti 



Bonds Stock 



Sales by foreigners 



estic securltie 



Government 
bonds and 



Corporate and 
other 



Bonds Stock 



Foreign securltie 



Bonds Stocks 



Europe: 

Austria 

Belgium 

Denjnark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

n.s.s.R 

other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

leru 

Uruguay 

Venezuela 

Other Latin American Republics.. 

Bahamas and Bermuda 

Netherlands Antilles and Surinam 

Other Latin America 

Total Latin America 

Asia: 

China Mainland 

Hong Kong 

India 

Indonesia 

Israel 

.lapan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 

Africa : 

Congo (Kinshasa) 

Morocco 

South Africa 

United Arab Republic (Egypt) 

Other Africa 

Total Africo 

Other countries: 

Australia 

All other 

Total other countries 

Iriternational and reftional : 

International 

European regional 

Latin American regional 

Afiian regional 

'tal international and regional, 
.i-iiid total 

1/' For exclusions see headnote on 



71i'j,709 



•j9? 

3 

1,873 



2,600 



173 
278 

1,000 

67,683 
1,273,846 



253 
7,836 

33 
1,088 
18, 3U 



27,-; 54 



15 

1,453 

387 

5,258 

2,255 

20 

1,697 

2,665 

545 

9 

227 

2,716 

24,285 

18 

97,199 



4 

268 

U 
1,152 
1 , 526 



3,938 



52,019 

1,000 
53,019 

226,500 



:',074 

8,974 

202 

39,515 

27,299 

511 

13,334 

18,536 

646 

1,030 

4,726 

590 

208,784 

392 

64,296 

2 



1,1!-' 

^'41 
1,140 

4,426 

9,153 

958 

2,345 

6,571 

941 

11,022 

11,567 

)73 



52,784 



19,666 
48 



1,017 
3,700 



36,261 



46 

68 

227 

3 

1 , 712 



,056 



231 
174 



609,726 



4,566 

1,823 

106 

11,916 

10,368 

199 

17,257 

4,491 

1,043 

52 

35 

3,256 

48,912 

26,323 



68,694 



996 
155 
79 
280 
990 
161 
3,494 
4"8 



11,337 



3,623 

1,963 
205 

353 



6,1"4 



15,278 
379 



15,657 



11,742 
173 



11, "15 
246,947 



1,874 

1,289 

12 

552 

3,367 

3 

41 

211 

36 

3,900 



C',?V^ 



145 
19 

119 
75 
3 

128 

165 
65 



71 , 194 



1 , IV 

9,537 

1,623 

24 

45,321 

32,278 

483 

16,321 

45,717 

2,938 

5,312 

8,039 

4,997 

253,063 

350 

209,622 

13 

°,01? 



645,365 



341,310 



2,544 

1,180 

938 

1,891 

6,567 
8,291 
1,236 
3,470 
6,614 
1,406 
10,111 
14,564 
378 



59,190 



',641 
51 
48 

;,6oi 

522 
113 



-S-in 


' 1 0''. 


25, 


698 



55,037 
19,450 
3,548 



1,249,018 



49 

311 

4 

8 

323 

3.1 
2,298 
13,021 



3,099 
1,453 

461 
1,534 
2,032 

141 
2,157 
9,483 



19,170 



1,102 
1,250 



36,040 

25,352 

330 

12,015 

21,140 

401 

5,229 

5,115 

1,451 

202,283 

^.32 

65,811 

13 



2,253 
1,177 

894 
1,185 

4,939 
6,990 
1,08° 
3,186 
5,673 
1,023 
6,711 
12,443 
118 



47,681 



19 

531 

3,128 

2 

123 

110 

43 

11,511 



3,576 



1,757 
635, '^4 



1,143 

1,390 

24 

2,323 

4,359 

97 

2,997 

20,934 

499 

15 

159 

1,275 

34,380 

4 

1 7,045 



155 
402 

201 
886 
302 
2,203 
719 
210 



5,876 



1,037 

52,057 



23,70^ 



1,134 
19,450 



August 1967 



105 



.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 dollnrs) 



Europe; 
Austr 
Belgium. 
Denmark 
Finland 
France. . . . 
Germany . . . 
Greei 

Italy 

Netherlands 

Norway 

Portugal 

Spain. . . 

Sweden. . 

Switzerl 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europ 

U. S. 

Other Eastern Europ 

Total Europe 

Canada 




Latin America 
Argentina. . 
Brazil 

Chile 

Colombia. . . 

Cuba 

Mexico 
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 Kong 

India 

Indonesia 
Israel. . . 
Japan 
Korea 

Philippines 
Taiwan 
Thaila 
Other Asia 
Total Asia 

Africa; 

Congo (Klnsha 
Morocco 

South Africa 

United Arab Republic (Egypt) 
Other Africa 

Total Africa 

Other countries; 

Australia 

All other 

Total other 

International and 
International , 
European regional. 
Latin American regional. 

Total international and regional 

Grand total 



Note: Data are reported by exporters, iiop^rter^, in'Jus., 
firms, and other nonbanking concerns in the United Z 
exclude Intercompany accounts between firms in the U 



their affiliates abroad. The detailed br<.•'!^'l 
dnM is sriown in Table ') of this Section, 
p Preliminary. 



106 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section IV - Supplementary Data by Countries 
Table 2. - Short-Term Claims on Foreigners Reported by Nonbanking Concerns 

(Position at end of period in thousands 



1%5 



December 1/ 



Europe: 

Austria , 

Belgium , 

Denmark , 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 

Canada 

Latin America : 

Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexico 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republics.. 

Bahamas and Bermuda 

Netherlands Antilles and Surinan 
Other Latin America 

Total Latin America 

Asia: 

China Mainland 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines 

Taiwan 

Thailand 

Other Asia 

Total Asia 

ifrica: 

Congo ( Kinshasa ) 

Morocco 

South Africa 

United Arab Republic (Egypt) 

Other Africa 

Total Africa 

ther coujitries : 

Australia 

All other 

Total other countries 

r.ternational and regional : 

International 

European regional 

Latin American regional 

Total international and regional 

-and total 



1 

11* 

28 
11 


I'l 
J I" 

'1 

736 
519 




1 






11 
1 


1 1 







1 '. "l 
1^-'. 1 

' 1. 


',^. 


2), ^90 


D^.Q' 5 


i2,q<^o 

',ul8 


^'Jy'^'ii 



15 

n 


"U 


~'i 


Y-'i 


117 


5"^ 

150 


1 

10 


3^0 
1 ' 


40 

8 


1.. 
816 
2Q5 


1 


1 . 




70i 


., 


,-- 


1 


V- 


^ 


-.H- 


1 1 


^1 


; 


1_. 



^.535 

l''2,035 

5,504 

U,456 

• ,756 

,322 

• 5,968 



2,801 
2,020 
2 3,712 
12,335 
.7,3^ 



'8,265 



<t ,05r 
7,323 



5,o08 
20,041 
10,895 

5,518 
30,503 
104,886 

9,674 
76,156 
29,825 

7,255 

6,551 
^7,870 
19,528 
40,153 

7,894 
309 , 748 

4,576 

7,792 

656 

J,, 975 



797,104 



752,726 



36,617 
90,645 
30,309 
20,601 
3,972 
71,134 
11,761 
25,629 
10,556 
47,146 
53,255 
5,418 
4,699 
9 , 779 



-*21,521 



151 

35^552 

3,569 

5,115 

167,625 

14,238 

13,940 
5,179 
6,881 

68,li3 



328,090 



995 
1,021 
23,104 
14, UO 
26,932 



i,492 



33,239 
6,805 



6,u51 

38,545 

9,261 

6,128 

81,745 

112,124 

13,357 

77,383- 

40,998 

7,580 

5,005 

50,126 

19,840 

26,557 

7,536 

311,874 

2,250 

8,374 

1,066 

2.030 



827, £ 



31,911 
93,562 
30,876 
20,127 
3,096 
81,647 
13,372 
29,041 
8,469 
49,981 
58,651 
8,425 
3,580 
9,395 



442,133 



36,806 

. 3,434 

5,908 

170,452 

12,915 

17,029 

5,597 

5,625 

66,956 



331,359 



1,725 
1,532 

20,012 
9,920 

28,20. 



61 


43^ 


= 


40 
8 


173 
423 


45 


5^".-. 


301 


357 


.,-..,-11/ 



0,019 

44,685 

8,974 

5,564 

81,636 

111,834 

13,034 

76,586 

40,704 

7,524 

4,993 

49,969 

19,772 

26, 517 

7,448 

322,809 

2,250 

8,317 

1,066 

2.029 



31,156 
93,270 
30,193 
19,498 
3,096 



49,359 
55,404 
B,423 
3,548 
9,227 



D,ol5 
36,326 
3,122 
5,847 
161,993 
12,678 
16,915 
5,425 
5,626 
65,868 



320,437 



1,719 
1,520 
19,620 

9,916 



:.VIJ 



7,345 

46,056 

8,385 

5,581 

97,433 

118,082 

11,109 

117,830 

48,289 

8,486 

8,818 

56,252 

28,233 

19,884 

10,489 

440,377 

1,994 

8,984 

110 

2.586 



34,388 
79,773 
30,984 
20,924 
3,010 
73,742 

10,.:.U 
30,231 
7,053 
52,270 
55,864 
12,339 
3,848 
8, 586 



23 , i'.76 



34, 587 
2,869 
5,077 
172,465 
5,539 

15,922 
5,907 
7,731 

76,314 



331,253 



1,621 
18,186 

10,639 



39,541 
6,988 



f.,577 
44,817 

7,995 

5,527 
93,829 
97,762 
18,149 
110,571 
41,873 

6,969 

7,582 
63,120 
29,898 
20,000 

6,373 
492,056 

1 ,33^ 



,379 



35,034 
78,474 
30,966 
22,084 
2,846 
78,861 
12,594 
27,897 
5,098 
49,289 
54,543 
8,074 
2,971 
9,190 



417,921 



29,216 
2,874 
3,564 
154,801 
3,579 

18,156 
4,295 
9,280 

76,332 



1,431 
2,499 
17,918 
16,803 
."'7,369 



,020 



45,127 
9,914 



7,212 

41,566 

10,242 

4,264 

102,442 

119,919 

15,207 

106,994 

41,799 

8,677 

6,075 

51,152 

27,238 

21,889 

6,236 

598,787 

3,988 

9,182 

114 



2 


389 


1,185 


372 


508,933 



36,736 
72,672 
30,958 
20,945 

2,640 
78,004 
12,104 
27,842 

6,222 
49,364 
59,340 
10,752 

4,067 
10,704 



422,400 



32,388 

2,819 

4,568 

145,833 

5,127 

17,108 
4,618 

10,592 

69,103 



56,529 

6,611 



931 
,5^0 



53,015 

13,705 

4,121 

110,288 

126,617 

14,984 

101,000 

47,991 

8,180 

6,677 

61,143 

36,035 

17,876 

5,935 

576,122 

3,907 

11,488 

73 

2.189 



39,278 
63,140 
31,772 
25,338 

2,543 
94,764 
12,497 
31,095 

6,952 
62,364 
62,806 
17, 540 

4,483 

9,850 



33,870 
6,570 
4,620 
163,895 
5,084 

17,422 
7,163 

11,006 

74,649 
331,390 



30 


013 


68 


767 


57 
8 


600 
049 


■.5,>-,-. 


343 
53 


410 


2,629 


025 I' 



e: Data are reported by exporters, importers, industrial and commercial 
firms, and other nonbanking concerns in the United States. Data exclude 
claims held through United States banks, and intercompany accounts 
between firms in the United States and their affiliates abroad. The 
detailed breakdown of the most recent data is shown in Table 3 of this 
Section. 



1/ Data in the two columns shown for this date differ because of changes 
in reporting coverage. Figures in the first column are comparable in 
coverage to those shown for the preceding date; figures in the second 
column are comparable to those shown for the following date. 

2/ Data include $^,255 thousand of claims reported by firms reporting for 
the first time. p Preliminary. 



August i967 



107 



.CAPITAL MOVEMENTS. 



Table 3. 



Section IV - Supplementary Data by Countries 
Short-Term Liabilities to and Claims on Foreigners Reported by Nonbanking Concerns 
Details as of March 31, 1967p 



(Position in thousands of dollars) 



Payable 
dollars 



foreign 
currenci 



Payable 

in 

dollars 



Deposits with 
banks abroad 



Europe: 

Austria 

Belgium 

Denmark 

Finland 

France 

Germany 

Greece 

Italy 

Netherlands 

Norway 

Portugal 

Spain 

Sweden 

Switzerland 

Turkey 

tJnited Kingdom 

Yugoslavia 

Other Western Europe. 

U.S.S.R 

Other Eastern Europe. 

Total Europe 

Canada 



Argentina 

Brazil 

Chile 

Colombia 

Cuba 

Mexi CO 

Panama 

Peru 

Uruguay 

Venezuela 

Other Latin American Republics. 

Bahamas and Bermuda 

Netherlands Antilles and Surina 
Other Latin America 

Total Latin America 



Asia : 

China Mainland. 

Hong Kong 

India 

Indonesia 

Israel 

Japan 

Korea 

Philippines. . . . 

Taiwan 

Tliailand 

Other Asia 



Total As 



Africa; 

Congo (Kinshasa) 

Morocco 

South 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 internat 

Grand total 



nal and regional. 



,811 
,112 
,335 
,786 



,73? 

792 



,83? 

,36A 
,072 
,150 
,660 



i,ic; 

13!i9o 

2 , 116 

A7i 

29,529 
l,5i5 
.;,127 
5 , OU 
3,?0 



51,811 

b,025 



1,U; 

27,832 

5,275 

743 

55,720 

71,165 

l,i58 

5i,240 

52,638 

2,020 

7,069 

28,104 

19,166 

32,621 

1,685 

159,481 

783 

4,534 

116 

742 



1,894 

4,084 

2,238 

247 

15,319 
3,682 
5,702 
1,122 
8,490 

10,227 
6,430 
6,048 
1,012 



76,042^ 



l,lo;' 
3,4^7 

11,101 

2,023 

253 

23,312 
1,452 
4,271 
4,849 
3,279 

25,956 

'■'1,030 



333 
227 
4,900 
1,621 
5,119 
12,200 



19,257 



•: 3 1,480 



ilote: This table presents the detailed breakdown of the latest data that 
are shown in Tables 1 and 2 of this section. Data are reported by 
exporters, importers, industrial and commercial firms, and other 
nonbanking concerns in the United States. Data exclude claims held 



357 

5,959 

59 

162 

4,952 

9,646 

954 

8,095 

27,098 

291 

273 

1,400 

221 

14,643 

100 

43,257 

9 

145 





35 


122 


696 


61 


353 



532 

156 

726 

242 

29,582 

4,923 

230 

87 

447 



403 

2,398 

88 

221 

6,217 

93 

1,856 

195 

568 

13,547 



218 

424 

358 

1,917 



3 


285 


32 
1 


554 

046 


3 3,t''K 


- 


- 


238 


52? 



8,396 
62,881 
11,257 

4,470 
122,232 
121,902 
16,792 
98,068 
45,364 

6,515 

6,026 
75,836 
17,713 
26,305 

6,531 
040,233 

4,246 

12,267 

153 

2,874 



6o,.::74 

29,9.'9 
23,928 

2,473 
96,002 
11,496 
31,480 

6,517 
56,228 
64,784 
11,756 

4,521 

°,333 

448, It- 



b,b77 
33,341 

4,990 

4,727 
162,634 

6,806 
17,112 
11,978 

9,942 
87,588 



1,607 
3,015 
16,037 

°,431 

31,77; 



53,751 

231 

13 
1^ 



3,906 
59,977 
11,085 

4,217 
89,750 
113,026 
15,592 
89,367 
42,153 

6,335 

4,926 
72,762 
17,505 
.24,335 

5,446 
549,705 

4,216 

12,012 

153 

2,673 



,l'"'l 



57,083 

29,134 

22,027 

307 

90,756 

10,785 

28,541 

6,294 

49,979 

56,836 

9,297 

4,378 



6,087 
27,574 

4,888 

4,208 
104,079 

6,531 
15,029 
11,775 

9,590 
77,507 



2,550 
15,554 

4 8'-'4 



31 

3,990 

2,743 

715 

5,341 

2,400 

22 

306 

1,280 

46 

1,422 

700 

51,636 

22 

180 



1,."44 

195 

589 

2,166 

458 

213 

197 

23 

2,691 

2,990 

2,154 



170 
4,801 
73 
48 
51,292 
32 
654 
98 
174 



31 

184 

190 

2,549 

2,184 



through United States banks, and intercompany accounts betwee 
in the United States and their affiliates abroad. 
Preliminary. 



108 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Table 4. 



Section IV - Supplementary Data by Countries 
Long-Term Liabilities to Foreigners Reported by Nonbanking Concerns 

f isition at pr/i of period in thousands of dollars) 





1 ■...'', 


1966 


1967 




•■iar -h 




.>p..mL.:- 


:t:-mlvr 1/ 




J..,.. 


September 


December 2./ 


March p 


Europe: 


- .)■■! 

133 

1 -' - 


."- c 

:>.55''- 

33 

1.31f. 

;?.cr" 

3C 

13 J 

] -M 

l.li ■ 


5'j3 

3,18,: 

frn 

1.362 
27.155 

1 

130 

l.-l 

1.5! ■ 

lO.''..," 
3i 


1,'-17 

5,2/i7 

691 

1,/.8Q 

1 

13C 

Inl 
31 


300 

i,-'i; 

o36 

5,330 

691 

1.593 

2-',726 

1 

130 

161 

]/,,'::':■ 

:'',.'.70 
32 


13 

300 
90i 

636 

8,22C 

691 

1.666 

26,375 

1 

130 

161 

120 

19,851 

76,396 
iV 


300 
906 

535 

30,966 

691 

1,753 

26,387 

i 

128 

161 

125 

19,350 

91, Uo 
26 


601 
7,39A 

A 

569 

33,223 

78 

41,884 

26,334 

3 

171 

261 

700 

35,161 

101,417 
71 






7,464 










839 

33,499 

5 

54,753 

30,834 














136 








Switzerland 


40,074 


United Kingdom 


178,725 




Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 




.: . 'C' 




;.-M-i 


-o,13- 


ll.'.liJA 


135,511 


:":',':'-8 


2^7,871 
46,216 


347,245 




.-.1 .--cr 


5''.03o 


60,582 


58.7/..: 


.13, .-•-'.; 


i3,70a 


54,307 








1. ' 
1. i. 
5.-"-t 

103 
l.li: 


1 "'' ; 

1,- 

IC'3 
15''. 

1 . 107 


'",'7 
36.'. 
640 

60 
183 
126 
395 

.'16 
7C5 


5C'^ 
13' 
3.. 6 

.01 

i;-.. 
.',1'-' 

1C>7 

5 

165 
1.107 


115 

6*0 
1,037 
165 
387 
100 
1 
122 

1.005 


282 
253 
707 

60 
968 
165 
385 

96 

1 

117 

■307 


547 
386 
271 
oU 
60 
Q82 
16i 
337 
111 
1 
106 

877 


581 
212 
224 

779 
60 
101 

243 

34 
104 
1,340 
90 
2,500 
877 






726 


Brazil 

Chile 


2,824 
223 

664 




60 




126 




241 
35 
89 




Uruguay 

Venezuela 


Other Latin American Republics. . . 


118 
5,200 


Netherlands Antilles and Surinam. 
Other Latin America 


802 

600 




.:,3'".r 


3.-'C':' 


3 , 3'6'. 


3,-'C-' 


.■'., 3''' 


-:,205 


4,/.8- 


^,14' 


14,540 




Asia: 

China Mainland 


1, 

13- 

1 . ■■'/„: 


1. 
i.fi ' 

13' 
1'. 


1 

...31' 


1.: 

13-- 

1 


1. 

1 3-' 

1.'. 

1 

2,l'-^'> 


i; 

■5C 
1 

i7 
l.°94 


12 
112 

1:^8 

1 
10 
i7 

4, "13 


12 

352 
76 
138 

1 
10 
47 

2,801 


12 
352 


Iniia 




Indonesia 




Japan 

Korea 


5,000 




23 


Taiwan 


Thailand 

Other Asia 


2,811 




Total Asia 


l,6il 


3, ■)' 


3,1' '3 


3,11'. 


5,j85 


3,437 


3,389 




Africa: 

Congo (Kinshasa) 


1 

1, ^. 


1. .'. 


i:a 


131 
. 1 


131 


- 


QO 


118 

1^ 


- 






United Arab Republic (Egypt) 

Other Africa 


117 
22 


Total Africa 


!-■' 


. < '-'. 


17 C 


151 


15" 


125 


12 3 


133 


139 


Other countries: 


1 


: 






1,M 


l.'-'.l 


1,^2'^ 


10 3 


1 




All other 


Total other countries 




. 


3 , ■■-■ ' 


. ,3 '- 


: . 5 . 1 


1,5.2 


1,4:5 


103 


1 


International and regional 


_ 


_ 


_ 


_ 


_ 


_ 


- 


_ 


- 




]1/.. ^Cl 


110.3" < 


I.e.. 3.', 


U7,il3 1,/ 


176,091 


133,132 


22^,106 


304, °05 2' 


424,621 i 
t 





















Kote: Data are reported by fixporter."^ , importers, industrial and commer- 
cial firms, and other nonbanking concerns in the United States. Dat^i 
exclude intercompany accounts between firms in the United States ana 
their affiliates abroad. 



1,' Data include $2,077 thousand 

for the first time. 
2/ Data include $2,500 thousand 

for the first time. 
p Preliminary. 



^f llBlillties reported by firms reporting 
)f liabilities reported by firms reporting 



August 1967 



.CAPITAL MOVEMENTS. 



109 



Section IV - Supplementary Data by Countries 
Table 5. - Long-Term Claims on Foreigners Reported by Nonbanking Concerns 

(Position at end nf period in thousands of dollars ) 



Europe : 

Austria . . . . 

Belgium 

Denmark. . . . 
Finland. . . . 

France 

Germany. . . . 

Greece 

Italy 

Netherlands 

Norway 

Portugal. . . 



Sweden 

Switzerland 

Turkey 

United Kingdom 

Yugoslavia 

Other Western Exirope. 
U.S.S.R 



Other Eastern Europe. 
Total Europe 



Argenti 



Chile 

Colombia 

Cuba 

Mexico 

Panama 

; Peru 

I Uruguay 

! Venezuela 

I Other Latin American Republics... 

|[ Bahamas and Bermuda 

'I Netherlands Antilles and Surinam. 
]| Other Latin America 

|| Total Latin America 

i jsia : 

China Mainland 

;i Hong Kong 

II India 

Indonesia 

.' Israel 

Japan 

Korea 

Philippines '. .. 

I Taiwan 

Thailand 

Other Asia 

Total Asia 



jfrica: 
Congo (Kinshasa).. 

Morocco 

South Africa 

United Arab Republ: 
Other Africa 

Total Africa 



Egypt). 




,'«,607 

19,501 

A 

I,;-?.:. 

so?. 

ll.OSo 
U5 



10,3il 

i,o70 
13,653 
1,3?5 

3,4.88 
l,i77 



1/.,115 
31, Pie 

.38? 
4o,:'i3 
9,19? 

237 
12,671 



177, 33i 



i,5iO 
34,524 



01,110 



"TTTZ^ 



1,392 

2,009 

7,861 

2,211 

12,775 

6,679 

29,337 

23,683 

57 

2,2i7 

1,332 

13,891 

i87 

37 

6,651 

31,015 

390 

1,515 

i£a 



208, 36i 



42,132 

:';'1,057 

10,58i 
13,Oi8 
6,526 
70,136 
i,789 
U,^9 
1,353 
11,532 
2 7,026 
8,609 
1,502 
2,234 



5,035 

8,463 

14,166 

85,019 

307 

46,i73 

8,370 

182 

12,777 



180,792 



1,973 
4,726 
84,187 





90 


967 


'-Z 


r;._"'i 


- 


1 


081 


163 



1,310 
2,007 
3,217 
1,593 

U,205 
5,191 

29,630 

22,025 

111 

2,2A7 

3,091 

19,279 

784 

1,317 

6,i92 

31,462 

334 

1,484 

iia 



229,924 



36,205 
216,647 

11,293 

13,800 
6,526 

74,128 
4,697 

13,9U 
1,370 

12,315 

27,677 
7,913 
1,457 
],268 



5,471 

8,496 

14,835 

88,759 

245 

47,248 

7,288 

139 

12,172 



184,653 



1,963 
4,991 
84,285 



1,100,640 



1,312 
3,165 
3,362 
1,716 

10,824 
7,116 

30,438 

19,448 

68 

2,243 

4,349 

16,643 
1,094 
1,369 
6,001 

30,596 

740 

2,182 

170 



233,469 



81,883 
209,412 

11,620 

19,746 
6,526 

68,787 
6,140 

14,635 
1,526 

12,334 

28,930 
8,518 
1,468 
2,452 



:■ ,-■77 



11,3°9 

3,486 

16,200 

98,340 

717 

50,390 

8,345 

73 

18,271 



88,673 



1,163,61" I: 



1,312 
3,165 
3,362 
1,716 

10,824 
7,116 

30,438 

19,448 

68 

2,243 

4,404 

16,643 
1,094 
1,369 
6,001 

30,596 

740 

.^,182 

170 



'35,962 



81,703 
209,412 

11,552 

20,096 
6,526 

64,815 
6,140 

H,731 
1,454 

13,860 

29,821 
8,518 
1,468 
2,024 



3,43t 

lo,200 

98,340 

717 

23,046 

8,345 

197 

18,271 



13', .001 



4,4h7 
80, -391 



8S180 



17,336 



1,139,040 1,1 



1,273 
3,573 
5,703 
1,588 

10,727 
6,659 

31,628 

17,110 

146 

1,794 

4,675 

16,826 
1,210 

11,787 
6,133 

26,721 

763 

2,197 

248 



J39,385 



85,063 
207,869 

14,939 

16,838 
7,841 

61,182 
6,177 

15,938 
3,354 

14,416 

30,317 
8,225 
1,515 
1,440 



■ ,114 



13,706 
5,981 

16,913 

07,548 
1,260 

19,019 

3,245 

222 

21,872 



134, 



978 
4,602 

81,786 



1,194 
7,164 
5,527 
1,581 

11,305 
6,858 

55,868 

17,208 

384 

1,073 

6,446 

27,667 
1,092 

12,736 
6,142 

26,820 

884 

3,697 

210 



193,856 



350,869 



91,715 
204,671 

13,481 

17,243 
7,841 

61,129 
7,254 

16,036 
2,415 

19,590 

30,022 
8,214 
1,466 
1,599 



42 
15,295 

6,052 
15,976 
90,263 

1,127 
20,563 

8,089 

306 

22,158 



194 
4,189 
81,443 



1,172 
8,798 
5,084 
1,U0 

11,040 
6,775 

48,670 

17,385 

284 

351 

9,422 

39,611 
1,125 

12,689 
6,084 

23,401 

514 

3,613 



107,453 



266,706 



81, 3 W 
201,533 

13,664 

17,452 
7,841 

63,822 
8,093 

16,783 
2,714 

21,301 

29,185 
7,773 
1,433 
1,038 



42 

16,176 

5,962 

15,884 

101,828 

1,272 

20,585 

8,095 

d79 

21,950 



192,474 



3,970 
34,892 



1,2 34,71.- 



1,283 
8,573 
4,720 
1,456 

14,298 
9,059 

49,238 

21,007 
134 
384 

17,537 

45,714 
1,749 

11,311 
6,153 

26,582 
1,892 
3,604 



272,268 



34,560 
202,657 

13,966 

14,503 
7.841 

56,228 
8,093 

17,353 
2,721 

■'3,493 

28,714 
7,844 
1,480 
1,456 



17,984 
5,935 

15,305 

95,112 
3,213 

20,842 

7,28° 

574 

22,063 



138,379 



°48 

3,966 
82,113 



1,256,3412/ 



j(te:^ Data are reported by exporters, importers, industrial and commercial 
firms, and other nonbanking concerns in the United States. Data 
exclude claims held through United States banks and intercompany 
aooounts between firms in the United States and their affiliates abroad. 
Data in the two columns shown for this date differ because of changes 



in reporting coverage. Figures in the first column are comparable in 

coverage to those shown for the preceding date: figures in the second 

coliimn are- comparable to those shown for the following date. 

Data include $5,519 thousand of claims reported by firms reporting 

for the- first time. 

Preliminary. 



no 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Section IV - Supplementary Data by Countries 
Table 6. - Foreign Credit and Debit Balances in Brokerage Accounts 







i:redit balar 


oes (due to 


foreigners ) 




Debit balances (due from foreigners) 


Country 


!->(.:, 


December 


December 


June 


rip^emter 
1".'(-, 


r premier 


December 


December 


June 

1"66 


December 


Europe : 


: , 128 

liO 

12 

■ ,?i6 

• , 109 

355 

:',039 

i,038 

Q71 

535 

1 ,"07 

708 

35 

■r:S 
IOC 


7,523 

71 

A 

6,562 

3,350 

195 

2,88i 

A, 296 

1,507 

3iO 

1,803 

i39 

i'?,015 

34 

12,510 

1,18'- 


1,-^13 

4,057 

355 

26 

■7,644 

4,056 

396 

3,952 

7,459 

1,212 

628 

3,250 

667 

52 ,965 

55 

14,956 

1" 

l,o32 


;5i 

3,402 

368 

34 

9,460 

7,665 

442 

4,061 

7,301 

1,216 

410 

1,106 

765 

63,760 

24 

17,415 

10 

l,6i5 

I'^h 


5 In 

3,251 

140 

8 

8,455 

9,622 

240 

7,151 

7,961 

1,082 

480 

1,967 

659 

61,361 

20 

13,209 

11 

2,198 

S7 


1 Ir. 

1,68° 
148 

5,010 

4,967 

1,056 

4,186 

4,645 

403 

58 

2,563 

270 

14,665 

565 

11,223 

60 

642 

iOO 

5?, 675 


113 

152 

U 

3,939 

4,858 

508 

3,845 

2,437 

210 

38 

1,816 

678 

15,239 

105 

6,987 

19 

585 

368 


212 

861 

44 

28 

5,556 

5,111 

775 

4,876 

3,962 

668 

79 

1,306 

304 

20,040 

66 

12,661 

555 

18 


315 
774 
175 

7,994 

7,384 

891 

6,3U 

4,793 

878 

99 

710 

401 

22,301 

34 

12,206 

886 
12 


119 




1,059 




103 


Finland 


5 


France 


5,190 
5,895 


Greece 

Italy 


1,042 
5,590 
1,927 


Norvay 

Portugal 


763 

294 

2,922 




210 




19,871 




265 


United Kingdom 

Yugoslavia 

Other Western Europe 

U.S.S.R 

Other Eastern Europe 

Total Europe 


12,100 
1,265 

1 






11", 491 


118, il2 






"",173 


58,621 


Canada 


■'■.'■' i. 




1 ■■ . 


?2,OSO 


17,001 


20,022 


,-i,3;-- 


.■4,--"" 


-<4,0CM 


27,658 






' , V: ' 

^70 

1,157 
. ,159 

365 
1,1 66 
3,788 

552 

1,4"- 


41" 

58 

3,06d 

1,596 

i23 
1,545 
2,086 

633 

i87 
1,"00 


'11 

679 

226 
3,584 
2,378 

391 
1,611 
5,580 

912 

1,166 

1,6"2 

"1 


41" 

723 

62 

2,809 

2,065 

572 
1,818 
7,07i 

600 
5,005 
2, "15 

2"1 


31? 

h7i 

3,822 
5,936 

514 
2,124 
3,636 
1,045 
2,876 
1,S1(3 

175 


5 31 
294 

1,491 

2,006 

704 

l,27i 

2,272 

947 

635 

.-.48 

100 


1,8=1 

287 

7 

2,634 

1,495 

303 
1,316 
1,577 

529 

224 
?,286 

1Q7 


"-3 

242 

537 

6 

2,189 

1,891 

266 

1,024 

2,291 

648 

566 

1,570 

U7 

13 , 327 


1,557 
1,21" 

797 

855 

5 

2,958 

3,309 

218 
1,479 
2,739 

563 
1,020 
2,655 

071 


1,607 


Brazil 

Chile 

Colombia 

Cuba 


790 

610 

405 

6 


Mexico 


4,305 




4,269 

475 

1,355 

2 296 


Peru 


Urugxiay 


Other Latin American Republics 

Bahamas and Bermuda 

Netherlands Antilles and Surinam, . 


482 

890 

2,801 

46 




Total Latin America 




I'.M'- 








l',-v3 


1J,"51 


20,34' 


20,337 




Asia: 

China Mainland 


10 

;'23 


4U 
3 

68 
A3 

:o 


3"1 
5.L.3 
38 
199 
135 
23 
°,547 


V- 
7(X' 

39 

128 

138 

30 

4,304 


'166 

13 

',79 

1,219 

31 

-:4? 

474 

35 

4,83" 


15,882 
160 
36 
409 
485 

141 
38 
16 


8,047 

203 

9 

311 

27o 

128 
55 
2 

2,555 


4 

14,770 

51 

30 

650 

525 

3 

146 

95 

121 

6,398 


19,730 

118 

2 

521 

736 

1 

252 

134 
133 

10,000 


11,138 


India 


87 




8 


Israel 


599 




996 
3 




287 


Taiwan 


96 




95 


Other Asia 


7,051 






Total Asia 














1 - , - - ■ 




-■-:.■-- 


.-O,^'. n 




Africa: 


1 -■ 




\.n 


1" 


1" 


i.- 
75 
354 
1 OS 


71 
26 

7r; 


37 
120 
12 


272 
123 

14 


J 




72 






United Arab Republic ( Egypt ) 

Other Africa 


15 

1-70 






Total Africa 


















■-■4" 


6U 




Other countries : 












1:4 




I.-- 


I'-." 

121 






24" 


All other 


264 








3i7 


























- 




- 


' 




- 




_ 


^- ^ 




firarii! t -.In] 


-■.-•,C3i 


13 .0?i 


l--■^4'■^ 








--'..: I 








1 . ,^ . 

























August 1967 



111 



.CAPITAL MOVEMENTS. 



Section IV - Supplementary Data by Countries 
Table 7. - Short-Term Banking Liabilities to Foreigners in Countries and Areas 
Not Regularly Reported Separately 

(Position at end of period in thousands of dollars) 



"Other Wesle 



Europe 



Cyprus 

Gibraltar 

Iceland 

Ireland, Republi 

Luxembourg 

Malta 

Monaco 



"Other Eastern Europe" 

Albania 

Bulgaria 

Czechoslovakia 1/ 

Estonia 

Hungary 

Latvia 

Lithuania 

Poland 1/ 

Rumania 1/ 

Soviet Zone of Germany 

"Other Latin American Republi 

Bolivia 1/.. 

c'tsta Rica 

Dominican Republic 1/ 

Ecuador 

Guatemala 1/ 

Haiti 

Honduras 

Jamaica 

Nicaragua 

Paraguay 

El Salvador 1/ 

Trinidad and Tobago 



"Other Latin America " 

British Honduras 

British West Indies 

French West Indies and French Gui 
"Other Asia" 

Aden and South Arabia 

Afghanistan 

Bahrain 

Burma 

Cambodia 

Ceylon 

Iran 1/ 

Iraq 

Jordan 

Kuwait 

Laos 

Lebanon 

Malaysia 2/ 

Nepal 

Pakistan 

Ryukyu Islands (including Okinawa 

Saudi Arabia 

Singapore 2/ 

Syria 

Trucial States 

Viet Nam 

"Other Africa" 



Algeria 

Canary Islands 

Ethiopia (including Eritrea). 

French Somaliland 

Ghana 

Guinea 

Ivory Coast 

Kenya 

Li beria 

Libya 

Malagasy Republic 

Mozambique 

Nigeria 

"Portuguese West Africa" 

Somali Republic 

Southern Rhodesia ^/ 

Sudan 

Tunisia ............. ... .. 

Zambia ^. 



617 

728 

5,632 

2,906 

10,830 

216 

1,729 

275 
1,558 
1,1-10 
1,52/; 
1,115 
421 
368 
8,899 
1,650 
1,557 



23,182 
16,498 
42,028 
36,283 
40,865 
10,487 
13,776 

3,255 
14,838 

5,667 
22,472 

3,077 

251 
9,043 
1,044 

2,757 

5,288 

1,415 

2,468 

12,606 

4,858 

18,742 

8,489 

1,161 

33,033 

14,007 

65,873 

18,368 

1,106 

15,850 

17,030 

28,384 

2/ 

4,894 

n.a. 

10,057 

1,607 

779 

17,045 

758 

4,068 

540 

1,360 

n.a. 

17,619 

5,496 

639 

2,510 

26,796 

656 

571 

6,774 

2,432 

10, 



V 



,685 



722 

1,657 

6,974 

10,696 

7,361 

676 
2,687 



243 
1,419 

781 
1,453 
1,838 

356 

411 
13,522 
1,379 
2,236 

32,567 
29,127 
58,037 
53,449 
47,862 
12,940 
20,031 

5,564 
34,963 

8,892 
41,690 



507 
11,665 
1,310 

3,563 
4,995 
1,397 
9,865 
6,931 
3,101 
23,505 
19, 849 
2,792 
46, 539 
8,818 
76,320 
24,104 
2,059 
17,341 
21,722 
61,710 

2/ 

2,111 

n.a. 

12,127 



903 

713 

22,275 

1,740 

6,433 

853 

936 

2,109 

22,009 

14,084 

561 

1,361- 

17,811 

2,450 

840 

4,374 

2,492 

975 

1,362 
10,475 



llote: Through 1962, except as noted, data are based on reports from banks 
in the Second (New York) Federal Reserve District only, and Include 
funds held in an account with the U.S. Treasury; subsequent data are as 
reported by banks in all Federal Reserve Districts. They represent a 
partial breakdown of the amounts shown for the corresponding dates for 
the "Other" categories in the regular monthly series in the "Treasury 

' Bulletin." 





574 




906 


5 


173 


8 


697 


17 


384 




514 


4 


110 




ISO 




662 


1 


027 


1 


576 


1 


495 




432 




328 


9,735 


1 


922 


1 


321 


43 


186 


31 


495 


55 


815 


67 


060 


48,702 


14 


348 


26,044 


6 


994 


42 


393 


11 


377 


56 


023 


7 


367 



1,104 

4,029 

5,491 

2,046 

32,508 

1,491 

2,410 

23.422 

21,601 

2,715 

56,363 

4,978 

84,194 

22,167 

1,954 

23,056 

25,566 

197,229 

2/ 

7,583 

2,790 

19,043 

1,529 

799 

33,736 

1,583 

5,589 

395 

1,367 

2,574 

20,011 

28,921 

638 

2,505 

15,726 

4,432 

508 

3,367 

2,232 

949 

A/ 

1,691 
11,956 



2,195 
5,808 
6,213 
21,119 
773 
3,653 

403 
2,498 
1,982 
1,418 
1,652 
386 
356 
12,749 
6,836 
1,700 



67,375 
34,165 
72,288 
69,600 
68,128 
16,335 
31,407 

8,563 
67,009 
13,795 
66,998 

3,577 

2,404 
11,491 
2,157 

4,400 

5,636 

4,122 

49,092 

2,682 

2,401 

66,930 

11,954 

15,991 

35,523 

3,234 

99,715 

25,947 

6,792 

19,417 

23,999 

283,601 

8,940 

',,030 

1,776 

39,035 

7,633 

880 

44,123 

1,557 

2,621 

634 

3,242 

1,461 

17,887 

34,806 

913 

1,583 

21,730 

4,378 

835 

3,287 

3,708 

1,757 

7,234 



1,628 
18,681 



April 
1966 



568 
1,413 
3,969 
6,649 
28,175 
1,613 
3,976 



1,078 
1,845 
1,530 
1,241 
286 
317 
12,663 
5,746 
2,004 

64,414 
32,850 
54,276 
62,339 
86,863 
16,688 
43,162 
11,461 
74,973 
15,004 
78,290 
6,275 

1,698 
8,921 
1,534 

4,851 
7,962 
3,792 

34,588 
3,074 
3,290 

79,244 



24,635 

5,653 

92,015 

31,233 

7,202 
20,961 
39,458 
290,985 
4,897 
4,752 
2,768 
123,768 

13,563 

1,169 

58,924 

1,259 

2,864 

395 

2,675 

1,410 

19,694 

26,665 

691 

1.692 

20,347 

7,652 

894 

3,533 

3,293 

959 

16,134 

16,134 
27,113 



Decenbe 

1966 



1,733 
1,064 
6,551 
8,876 
25,2a) 
845 
3,146 

530 
5,439 
3,723 
1,570 
2,225 

378 

350 

13,219 

6,575 

5,565 

66,872 
34,626 
53,158 
86,280 
64,155 
16,290 
26,807 
11,722 
72,773 
14,859 
68,896 
4,681 

775 
14,638 
1,281 

5,131 

9,450 

6,403 
34,444 

1,109 

3,190 
36,600 
17,600 
39,726 
49,178 

4,587 
100,059 
38,301 
13,888 
49,196 
15,935 2/ 
176,142 
34,632 

3,425 

2,157 
131,961 

11,349 

1,298 

53,478 

949 

6,866 

280 

880 

1,168 

21,158 

37,082 

1,084 

4,992 

25,674 

4,523 

839 

2,717 

3,424 

1,122 

34, 667 

uo 

13,580 



April 
1967 



1,478 
1,104 
5,710 
7,385 
21,730 
1,156 
4,687 

700 
1,390 
n.a. 

2,411 

273 

290 

13,967 

5,200 

n.a. 

57,857 
41,874 
53,882 
92, 360 
83,868 
16,817 
28, 563 
19,326 
62,728 
16,625 
96,431 
5,381 



2,129 
14,203 
1,654 



7,771 

8,145 

n.a. 

1,332 

2,715 

43,973 

n.a. 

45,156 

28,555 

6,477 

112,221 

34,937 

45,307 
31,164 
96,354 
n.a. 
4,741 
1,954 
146,257 



1,033 

40,202 

1,276 

5,295 

537 

n.a. 

2,064 

21,601 

75,9"0 

512 

n.a. 

n.a. 

6,293 

844 

3,336 

6,747 

960 



240 
16,709 



1/ Reported by banks in all Federal Reserve Districts. 

2/ Through April 1965, Singapore included with Malaysia. 

2/ Data exclude $12,372 thousand resulting from changes in reporting 

coverage and classification, 
y' Through December 1964, data for Malawi (formerly Nyasaland) and 

Zambia (formerly Northern Rhodesia) included with Southern Rhodesia. 
n.a. Not available. 



112 



Treasury Bulletin 



.CAPITAL MOVEMENTS. 



Table 8. 



Section IV - Supplementary Data by Countries 
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1966 









(Ir 


thousands 


of dollar 


- 
















Purcha^res by foreigners 




s 


ales by foreigners 






Total 
purchases 


[domestic securities 


Foreign securities 


Total 
sales 


Domes 


tic secur 


.ties 


'oreign securities 


Country 


u. a. 

Government 
bonds and 
notes 


Corporate and 
other 


Bonds 


stocks 


D. S. 

Government 
bonds and 
notes 


Corporate and 
other 


Bonds 


Stocks 




nnn.s 


Stocks 


Bonds 


Stocks 


Europe: 


i%71o 

181,507 

25,593 

3,479 

393,300 

298,065 

i,157 

2i3,ii6 

307,180 

38,^77 

26,i29 

54,339 

59,749 

2,010,2U 

2,302 

1,480,215 

1,040 

QB,030 

2,442 
5,253,71i 


36 
3,208 

946 
50 

1,423 

a7 

6,610 
23 

510 

14 

11,084 

324,236 

924 

941 
350,467 


J 77 

.'5,461 

4,306 

24 

60,026 

83,537 

142 

19,846 

27,671 

2,095 

492 

1,868 

31,155 

193,416 

94 

531,710 

14,321 


12,340 

46,581 

3,012 

159 

242,793 

131,532 

3,956 

85,642 

150,448 

7,531 

18,366 

38,546 

9,513 

1,537,112 

2,125 

389,087 

61,4^3 

1,4^^2 


10,463 

88,291 

U,978 

3,296 

45,454 

45,068 

18 

131,215 

12,388 

21,985 

7,228 

10,805 

12,700 

201,339 

11 

121,377 

1,028 

13,831 

R 


121 

21,138 

89 

U,081 

37,878 

41 

5,320 

116,226 

256 

320 

2,610 

6,367 

67,293 

72 

63,796 

4 

2,451 


37,4ff- 

90,563 

19,502 

2,371 

319,378 

195,400 

4,U2 

174,368 

248,718 

39,310 

31,204 

48,799 

55,228 

1,855,862 

7,821 

1,803,209 

1,271 

164,310 

2,614 


44 

479 

4,309 

705 

142 

20 

1,067 

1,748 

4,668 

20 

81 

268 

7,316 

529,511 

30° 

1,110 

551,306 


3,236 
1,662 

9,326 

7,222 

113 

3,178 

12,700 

5,676 

U3 

584 

22,608 

63,871 

144 

137,037 


0,331 

49,138 

2,613 

25 

255,417 

124,031 

3,759 

92,025 

195,936 

5,719 

12,261 

34,576 

10,638 

1,601,181 

6,768 

013,357 

771 

;o,327 

1,'33 


26,527 

14,249 

10,841 

2,287 

17,132 

53,644 

4 

71,418 

U,U7 

22,954 

18,709 

11,137 

21,122 

138,757 

338 

128, Ul 

500 

100,748 


774 

23,461 

77 

59 

36,798 

10,361 

246 

6,680- 

24,187 

293 

71 

2,421 

592 

U,737 

571 

95,113 

1,648 

3 

248,092 


Belgium 






i-p*" 


Gret;e 

Italy 

Netherlands 

Norway 

Portugal 




Switzerlai.i 

Turkey 

United Kingdom 

Yugoslavia 


U. S. S. R 

Other Eastern Europe 


Total Europe 


1,04-... \ 


^"7^ 


-3"'^ 


-■>3,063 


5,101,482 


269,564 


3,379,359 
916,402 


652,661 


anada 


2,492,639 


124,093 


2.: , 


■" i " , r43 


2,075,268 


108,455 


232,541 


1,302,835 


415,035 


Latii: An-.erl';a: 


46,522 

33,848 

11,070 

12,477 

45 

114,809 

67,009 

8,408 

26,626 

73,840 

18,577 

152,460 

139,129 

3,829 


27 

32 
14 

473 
669 

3 

159 

25 

2,033 

1,676 

13 

5,124 


927 
190 
483 
327 

3,205 

2,532 

239 

806 

1,949 

1,118 

17,996 

14,615 

309 


22,386 
13, 2U 

6,537 

9,877 

45 

41,742 

59,776 

6,172 
19,739 
56,213 

8,507 
84,743 
112,027 

2,963 
443,971 

IV'-, 373 

699 

74 

13,210 

11,839 

107 

1,843 

427 

373 

146,923 


22,331 
19,640 

3,711 
1,730 

61,925 

2,812 

199 

5,240 

14,152 

8,700 

22,795 

9,069 

528 


851 
774 
307 
529 

7,464 

1,220 

1,798 

838 

1,367 

227 

24,893 

1,742 

16 

42,026 

4,7<:-'3 
7 

134 
20,657 

1,145 
10 
11 

3,669 


48,405 

U,254 

7,093 

9,031 

536 

109,180 

57,326 

26,600 

23,573 

56,291 

28,232 

132,209 

137,748 

4,232 


166 
6 
20 
12 

203 

49 

29 

10 

24 

244 

3,929 

2,474 

75 


549 
106 

658 
163 

2,155 
2,408 

282 

271 
1,857 

494 
7,649 
11,270 

530 

28,392 


19,072 
12,892 

5,424 

7,011 

536 

35,650 

50,675 

5,122 
19,700 
42,562 

8,985 
69,240 
115,191 

3,190 

395,250 


26,982 
325 

412 
1,450 

63,830 
2,501 
19,465 
2,074 
10,949 
16,707 
39,736 
5,276 
274 


1,636 
925 
579 
395 

7,342 
1,693 
1,702 
1,518 

899 
1,802 
11,655 
3,537 

163 


Chile 


Cuba 


Uruguay 

Other Latin American Republics... 
Hetherlands Antilles and liurlnam. 






Total Latin America 


708,649 

-ai,03i 

2,019 

113 

73,528 

50,416 

107 

4,669 

2,47) 

20,388 

133, -'2Q 


44,696 


172,832 


654,710 


7,241 


189,981 


33,846 


Asia: 

China Mainland 

Hong Kong 

India 


122 
1,578 

65 

150 


"*' 54 
39 

60 
2,564 

13° 

1 

1 

3,140 


l!259 

60,002 
13,778 

1,477 
2,010 
20,003 
34,642 


32 

204,656 

896 

81 

125, 7TO 

41,067 

91 

6,321 

1,667 

10,909 

150,440 


49 
5 

268 
1,601 

170 

366 


2,0i6 
73 

4 

43 

1,195 

8 
2,6oo 


32 

195,390 

8O5 

62 

10,590 

9,293 

91 

1,926 

396 

672 

139,375 

358,632 


3,234 

7 

14 

114,804 

5,226 

3,026 
1,271 
10,213 
4,638 


3,937 
6 




1 




74 




23,752 


Korea 


1,191 


Taiwan 

Thailand 

Uther Asia 


24 
3,362 

32,347 

27 
45 
183 

371 


Total Asia '. 


"3,314 


i,-'4i:i 


10,7il 


372,409 


137,798 


30,426 


541,939 


2,450 


6,068 


142,433 


Africa: 

Congo { Kinsha:ia ) 

Morocco 

South Africa 

Other Africa 


o4? 

348 

8,062 

164 

21,300 

31,522 


14 
1 
3 


115 
380 

2 3o 


623 
610 

1,049 
154 

7,721 


5 

27 

6,527 

13,748 


20 

82 

105 

2 

95 


554 

548 

3,741 

88 

10,277 


14 

506 
520 


41 

227 

4 

71 

345 


519 
447 

1,270 
34 

7,123 


6 

1 
2,061 

2,206 


Total Africa 


L? 


736 


10,157 


20,307 


304 


15,208 


9,U3 


4,274 


626 


Uther oomitriey: 


43,467 
8,683 


10 
10 


31 
•-43 


5,4'!-" 


40,726 
2,551 


728 
27 


22,858 
27,389 


7 


16 

53 


1,625 
2,334 


20,350 
24,401 

44,751 


838 
89 
927 


All other 


Total other countries 


52,150 


72;; 


7,384 


43,277 


755 


50,247 


36 


74 
4,892 


4,459 


International and regional: 

International 

European regional 


638,800 
3, -,36 
2,718 


in5,:-^05 
198,523 


243, 541 


17,44° 


17t,028 
3,536 


Q77 


027,610 
23,875 
41,000 

992,485 


624,487 
1,000 


10,253 


287,501 
23,875 
40,000 


477 

477 


Total international and regional. 


645,054 


248,541 


17,44- 


17", 564 


977 


625,487 


4,392 


10,253 


351,376 


-rand total 


9,737,044 


680,175 


1,577,025 


4,7^0,472 


1,778,273 


960,199 


10,331,339 


1,296,004 


541,876 


5,073,798 


2,688,311 


731,350 





























Note: Excludes transactions in nonmarketable U.S. Treasury bonds and notes, 
foreign series, and foreign currency series. See "International 
Financial Statistics," Table 4-. 



I 



i%7 



113 



.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES. 



Section IV - Par ticipat ion Certificates 



Grand total 



ssued by FNMA acting 



Retire-- fJut- 
raents standing 



istrati 



e- Out- 
standing 



Health, Education 
and Welfare 2/ 



Retire- Out- 
ments standing 



Housing and Urban 
Development 



Federal National 
Mortgage Association 2j^ 



Retire- Out- 
menta standi 



596 
^50 
373 
792 
3,037 
5,269 



19 
19i 
151 
333 

,388 
638 
UM 

,101 
AGO 



428 
1,624 



115 
614 



1,202 
1,354 
1,204 
1,741 
4,350 
7,994 

4,235 
3,62] 
3,012 

3,540 



5,322 
5,934 
6,050 
7,131 
7,179 
7,994 



300 
1,840 
2,900 



2,110 
4,830 

.■:,075 

2,075 



3,120 


170 


3,120 


- 


3,120 


- 


4,000 


220 


4,000 


- 


4,830 


210 


4,7=5 


- 



170 
170 
170 
39 G 
390 



200 

785 

1,475 

768 
768 
768 
768 
748 
743 

1,208 
1,208 
1,208 
1,350 
1,350 
1,475 
1,457 



participation certificates issued by FNMA acting as trustee - (Cont.) 



Housing and Urban 
Development ( Cont . 



Office of Secretary 4/ 



Out- 
standi 



Small Business 
Administration ^/ 



Out- 
standing 



Veterans' Administration 6.^ 



Out- 
standinf 



Export-Import Bank 
of Washington 



Sales 



Out- 
standing 



Commodity Credit 
Corporation 2/ 



Out- 
standing 



150 
150 
150 
415 
415 

630 



350 

800 



505 
505 

680 



100 
835 
260 



100 

y75 

1,175 



] ,027 
1,027 
1,027 
1,000 
1,090 

1 .r-is 



300 
250 
373 
450 

761 
1,411 



154 
500 



255 
398 
650 



266 
35 



300 

520 

827 

1,022 

1,385 

2,146 

1,385 
1,359 
1,331 
1,172 
1,137 
1,3 -'7 

1 , 541 
2,015 
1,Q87 
1,'^87 
2,146 



42 

436 



87 

151 



134 
138 
144 



902 
834 
377 
419 
855 
.1,019 

775 
187 
206 
293 
444 
527 

661 

799 

943 

1,144 

1,033 

1,019 



1/ Represents Direct Loan program. 

2/ Represents program for Construction of Higher Education Facilities. 

3/ Includes Special Assistance and Management and Liquidating programs. 

{if Includes College Housing and Public Facility programs. 

^ Includes programs for Disaster Loans and Business Loans and Investments. 

6/ Includes Direct Loan and Loan Guaranty programs. 



In the case of Commodity C 
are called "certificate; 
Participation Sales Act 
tirements represent the 



dit Corporation, participation certificate 
interest" and are not included in the 
f 1966. Amounts shown as sales and re- 
et excess transactions for the period. 



Includes $107 
Preliminary. 



illion refunding transacti 



114 



Treasury Bulletin 



.CUMULATIVE TABLE OF CONTENTS. 

September 1966 through August 1967 



Reporting bases 

Article : 

Treasury financing operations 

Summary of Federal fiscal operations 

Administrative budget receipts and expenditures : 

Receipts by principal sources 

Detail of miscellaneous receipts by major categories 

Chart - Internal revenue collections by principal sources 

Expenditures by agencies 

Interfund transactions excluded from both net bfudget receipts 

and budget expenditures 

Expenditures by functions 

Expenditures and balances by functions 

Summary of appropriations and authorizations, expenditures, and 

balances, by agencies 

Detail of excise tax receipts 

Summary of internal revenue receipts by States, calendar year 196r 

Trust and other transactions : 

Summary of trust and other transactions 

Trust receipts 

Trust, deposit fund, and Government-sponsored enterprise 

expenditures 

Interfund transactions excluded from both net trust receipts 

and trust expenditures 

Purchases of participation certificates (net) 

Investments in public debt and agency securities (net) 

Sales and redemptions of Government agency securities in 

market (net) ■ 

Federal Old-age and Survivors Insurance Trust Fund 

Federal Disability Insurance Trust Fund ■ 

Federal Hospital Insurance Trust Fund ■ 

Federal Supplementary Medical Insurance Trust Fund , 

Railroad Retirement Accounts ■ 

Unemployment Trust Fund ■ 

National Service Life Insurance Fund ■ 

Investment of specified trust accounts in public debt securities 

agency securities, and participation certificates by issues, 

as of June 30, 1967 

Consolidated cash transactions : 

Summary of Federal Government cash transactions with the public.., 

Intragovernmental and other noncash transactions 

Federal receipts from and payments to the public - seasonally 
adjusted and unadjusted 

Account of the Treasurer of the United States : 

Status of the Account of the Treasurer of the United States 

Analysis of changes in tax and loan account balances 

Summary of cash transactions through the Account of the Treasurer 

of the United States 

Gold assets and liabilities of the Treasury 

Monetary statistics : 

Money in circulation 

Debt outstanding : 

Summary of Federal securities 

Computed interest charge and rate on Federal securities 

Interest-bearing public debt 

Maturity distribution and average length of marketable 

interest-bearing public debt 

Special public debt issues to U. S. Government investment account 
Treasury holdings of securities issued by Government agencies. — 
Interest-bearing securities issued by Federal agencies but not 

guarant eed by the U , S . Government 

Statgtory debt limitation 

Public debt operations ; 

Maturity schedule of interest-bearing public marketable securitie 

other than regular weekly and annual Treasury bills 

Offerings of Treasury bills 

New money financing through regular weekly Treasury bills 

Offerings of public marketable securities other than regular 

weekly Treasury bills 

Securities issued in advance refunding operations 

Unmatured marketable securities issued in advance refunding 

operations 

Unmatured marketable securities issued at a premium or 

discount other than advance refunding operations 



Issue and page number 



(Continued on following page) 



Aagust 1967 



.CUMULATIVE TABLE OF CONTENTS. 



September 1966 through August 1967 - (Continued) 



Sept. 



Public debt operations (Continued) : 

Allotments by investor classes on subscriptions for public 

marketable securities other than regular weekly Treasury bills.. 
Disposition of public marketable securities other than 

regular weekly Treasury bills 

Foreign series securities (nonmarketable) issued to official 

institutions of foreign countries 

Foreign currency series securities (nonmarketable) issued to 

official institutions of foreign countries 

United States savings bonds : 

Cumulative sales and redemptions by series 

Sales and redemptions by periods, all series combined 

Sales and redemptions by periods, Series E through K 

Redemptions of matured and unmatured bonds 

Sales 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 issues 

Net market purchases or sales for investment accounts handled by 

the Treasury 

Estimated ownership 

Treasury survey of ownership of Federal securities : 

Ownership by banks, insurance companies, and others 

Ownership by commercial banks classified by membership in Federal 
Reserve System (latest date June 30, 1967) 

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 periods 

Chart - Average yields of Treasury and corporate bonds 

Exchange Stabilization Fund (latest date March 31. 1967) : 

Balance sheet 

U.S. stabilization agreements 

Income and expense 

National bank reports : 

Earnings, expenses, and dividends for calendar years 1962-66 

Internatdonal financial statistics : 
U.S. reserve assets: gold stock, holdings of convertible 

foreign currencies, and reserve position in IMF 

U.S. liquid liabilities to foreigners 

U.S. liquid liabilities to official institutions of foreign 

countries, by area 

Nonmarketable U.S. Treasury bonds and notes issued to official 

institutions of foreign countries 

U.S. position in the IMF 

U.S. monetary gold transactions (net) 

Estimated gold reserves and dollar holdings of foreign countries 

and international institutions 

Capital movements between the United States and foreign countries : 

Summary by periods beginning 19^+6 

Summary by countries and periods 

Short-term banking liabilities to foreigners, latest month 

Short-term banking claims on foreigners, latest month 

Long-term banking liabilities to and claims on foreigners, 

latest month 

Purchases and sales of long-terra securities by foreigners, 

latest month 

Short-term liabilities reported by nonbanking concerns 

Short-term claims reported by nonbanking concerns 

Long-term liabilities reported by nonbanking 
Long-term claims reported by nonbanking 

Foreign credit and debit balances in brokerage accounts 

Short-term liabilities, countries and areas not regularly 

reported 

Purchases and sales of long-term securities by foreigners dur 

calendar year 1966 

Foreign currencies acquired by the United States without purcha 
with dollars : 

Transactions and balances in Treasury accounts 

Transactions and balances in agency accounts 

Corporations and certain other business-type activities : 

Statements of financial condition (latest date Mar. 31, 1967) 

Income and expense (latest date Dec. 31, 1966) 

Source and application of funds (latest date Deo. 31, 1966).. 
Participation certificates 



100 

101 

102 
103 
104 
106 
107 
108 

109 

110 



99 
100 



102 
103 
104 
106 
107 
108 



97 
106 
107 



109 
110 
111 
113 
114 
115 



119 
119 



102 
103 



105 
106 
107 
109 
110 
111 



100 
121 



101 

102 

103 
104 
105 
107 
108 
109 

110 

111 



102 
104 



100 
101 
102 
104 
105 
106 



110 
131 
154 



100 
101 



102 
103 



mmtm 



Treas. 

HJ 

10 

.A2 

1967 

C.2 



U.S. Treasury Dept, 
Treasury Bulletin