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JUN 261972
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OFFICE OF THE COMMISSIONER
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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
0
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
0 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 0 , 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....
0
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
0
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. 0
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
0
1
0
0
0
1
8
4
8
9
14
12
10
6
7
5
5
1
4,770
4
0
0
0
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-.--
'-■-. . 0
_
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 . 0
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 . 0
859. 0
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 . 0
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 0 " . ".
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 0
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
-
0
'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
0
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
0
28
0
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
Treasury 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-'
0 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
0 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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^ .
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1-
2
c
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
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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.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domi-
ciled. Data pertaining to branches or agencies of foreign
official institutions are reported opposite the 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^.. 0
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/, . 0
.'.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
0
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
0
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 regional:
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
ijsia :
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
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