Of ¥aC¥MOW3 STATISTICAL APPENDIX TO ANNUAL REPORT of the Secretary of the Treasury on the State of the Finances "#5\ v2.ie,,^^^:^'^,^^ L.U-^-t-^ FOR THE FISCAL YEAR ENDED JUNE 30, 1973 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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Of ¥aC¥MOW3
STATISTICAL APPENDIX TO
ANNUAL REPORT
of the Secretary of the Treasury
on the State of the Finances
"#5 \ v2.ie,, ^ : ' , ^ L.U- -t-
FOR THE FISCAL YEAR ENDED JUNE 30, 1973
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DEPARTMENT OF THE TREASURY
DOCUMENT NO. 3 260A
Secretary
U.S. Government Printing Office, Washington: 1974
For sale by the Superintendent of Document?, U.S. Government Pnnting Office Washington, D.C. 20402-Price: paper cover—32.35
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HT JO
1175
CONTENTS Page
Bases of tables 1
TABLES
Summary of Fiscal Operations
1. Summary of fiscal operations, fiscal years 1954-73 and monthly
1973 7
Receipts and Outlays
2. Receipts and outlays, fiscal years 1789-1973 8 3. Refunds of receipts, fiscal years 1954-73 18 4. Budget receipts and outlays, fiscal years 1972 and 1973 19 5. Means of hnancing, fiscal years 1972 and 1973 35 6. Investments of Government accounts in Federal securities (net) fiscal
years 1972 and 1973 37 7- Receipts by departments and agencies, fiscal year 1973 39 8. Budget receipts and outlays monthly and total for fiscal year 1973 40 9. Budget receipts by sour ees and outlays by functions, fiscal years
1964-73 43 10. Internal revenue collections by tax sources, fiscal years 1946-73 48 11. Internal revenue collections and refunds by State, fiscal year 1973 54 12. Deposits of earnings by the Federal Reserve banks, fiscal years 1947-
73 55 13. Customs collections and payments by regions and districts, fiscal 1973_ 56 14. Summary of customs collections and expenditures, fiscal years 1972
and 1973 - 58 15. Postal receipts and expenditures, fiscal years 1936-73 59 16. Seigniorage on coin and silver buUion, January 1, 1935-June 30, 1973. 60
Federal Debt I.—OUTSTANDING
17. Federal securities outstanding, fiscal years 1954-73 60 18. Federal securities held by the pubhc, fiscal years 1954-73 61 19. Principal of the pubhc debt, fiscal years 1790-1973 62 20. Investment holdings of Government accounts in Federal securities,
June 30, 1971-73 64 21. Debt subject to statutory limitation, outstanding June 30, 1940-73._ 66 22. PubHc debt outstanding by classification, June 30, 1963-73 67 23. Securities issued by Government agencies subject to statutory debt
limitation, June 30, 1963-73 71 24. Interest-bearing securities issued by Federal agencies, fiscal years
1954-73 72 25. Maturity distribution and average length of marketable interest-
bearing public debt, June 30: 1946-73 74 26. Summary of the public debt on an accounting basis, June 30, 1973 75 27. Public debt securities outstanding on an accounting basis, June 30,
1954-73.. 76 28. Description of public debt issues outstanding, June 30, 1973 77 29. Securities issued in advance refunding operations 106 30. Description of agency securities and D.C. Armory Board Stadium
bonds subject to statutory limitation, June 30, 1973 ._ 110 31. Debt subject to statutory limitation, June 30, 1973 112 32. Debt limitation under the Second Liberty Bond Act, as amended,
1917-73 . . . . . . 114 in
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IV CONTENTS
II.-OPERATIONS Page
33. Pubhc debt receipts and expenditures by classes, monthly for the fiscalyear 1973 and totals for 1972 and 1973 116
31. Changes in pubhc debt issues, fiscal year 1973 130 35. Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, July 1972-June 1973 168 36. Allotments by investor classes on subscriptions for public marketable
securities, fiscal year 1973 202 37. Allotments of Treasuiy notes issued during fiscal year 1973, by
Federal Reserve districts 204 38. Allotments of Treasury bonds issued during fiscal year 1973, by
Federal Reserve districts.. 207 39. Statutory debt retirements, fiscal years 1918-73 209 40. Cumulative sinking fund, fiscalyears 1921-73 210
III.-U.S. SAVINGS BONDS AND NOTES
41. Sales and redemptions of Series E through K savings bonds bv series, fiscal years 1941-73 and monthly 1973 211
42. Sales and redemptions of Series E and H savings bonds by denominations, fiscal years 1941-73 and monthly 1973 215
43. Sales and redemptions of U.S. savings notes, fiscal years 1967-73 217 44. Sales of Series E and H savings bonds by State, fiscal years 1972,
1973 and cumulative 218 45. Savings bonds outstanding, by series and denomination, as of June 30,
1973 219
IV.-INTEREST
46. Amount of interest-bearing pubhc debt outstanding, the computed annual interest charge, and the computed rate of interest, June 30, 1939-73, and at the end of each month during 1973 220
47. Computed annual interest rate and computed annual interest charge on the pubhc debt by classes. June 30, 1950-73 222
48. Interest on the public debt by classes, fiscal years 1969-73 224 V.-PRICES AND YIELDS OF SECURITIES
49. Average yields of taxable long-term Treasury bonds by months, October 1951-Juno 1973 225
50. Prices and yields of marketable pubhc debt issues June 30, 1972, and June 30, 1973, and price range since first traded 226
VI.-OWNERSHIP OF FEDERAL SECURITIES
51. Estimated ownership of Federal securities outstanding June 30, 1960-73 -~: 228
52. Summary of Treasury survey of ownership of Federal securities, June 30, 1972 and 1973 230
Account of the Treasurer of the United States
53. Assets and liabilities in the account of the Treasurer of the United States, June 30, 1972 and 1973 232
54. Accountability of the Treasurer of the United States on an accounting basis, June 30, 1954-73 . 233
55. Location of gold, coin, and coinage metals held by the Treasury, June 30, 1973 . 233
56. Analvsis of changes in tax and loan account balances, fiscai years 1960-73 . 234
Stock and Circulation of Money in the United States
57. Currency and coin outstanding, in the Treasury, in the Federal Reserve banks, and in circulation, by kinds, June 30, 1973 236
58. Stock of money by kinds, selected years, June 30, 1940-73 238 59. Money in circulation by kinds, selected years, June 30, 1940-73 240 60. Paper currency issued and redeemed during the fiscal year 1973 and
outstanding June 30, 1973, by class and denomination 241
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CONTENTS V
Trust and Other Funds F&ge
61. Airport and airway trust fund, June 30, 1973 242 62. Civil service retirement and disability fund, June 30, 1973 243 63. Employees health benefits fund, Civil Service Commission, June 30,
June 30, 1973 246 65. Employees life insurance fund. Civil Service Commission, June 30,
1973 247 66. Federal disabihty insurance trust fund, June 30, 1973 249 67. Federal hospital insurance trust fund, June 30, 1973 , 251 68. Federal supplementary medical insurance trust fund, June 30, 1973.. 252 69. Federal old-age and survivors insurance trust fund, June 30, 1973. . . 253 70. Foreign service letirement and disability fund, June 30, 1973 255 71. Highway trust fund, June 30, 1973 1 256 72. Judicial survivors annuity fund, June 30, 1973 257 73. Library of Congress trust funds, June 30, 1973 258 74. National service life insurance fund, June 30, 1973 260 75. Pershing Hall Memorial fund, June 30. 1973 261 76. Railroad retirement account, June 30, 1973 262 77. Railroad retirement holding account, June 30, 1973 264 78. Railroad retirement supplem.ental account, June 30, 1973 264 79. Unemployment trust fund, June 30, 1973 265 80. U.S. Government life insurance fund, June 30, 1973 272
Customs Operations
81. Merchandise entries, fiscal years 1972 and 1973 273 82. Carriers and persons arriving in the United States, fiscal years 1972
and 1973 273 S3. Aircraft and aircraft passengers entering the United States, fiscal
years 1972 and 1973 274 84. Seizures for violations of laws enforced by Customs, fiscal years 1972
and 1973 276 85. Investigative activities, fiscal years 1972 and 1973. 276
Engraving and Printing Operations
86. New postage stamp issues delivered, fiscal year 1973 277 87. Dehveries of finished work by the Bureau of Engraving and Printing,
fiscal years 1972 and 1973 279 88. Statement of financial condition June 30, 1972 and 1973 280 89. Statement of income and expense, fiscal years 1972 and 1973 281 90. Statement of changes in financial position, fiscal years 1972 and 1973- 282
International Claims
91. Status of Class III awards of the Mixed Claims Commission, United States and Germany, and Private Law 509 as of June 30. 1973 283
92. Status of claims of American nationals against certain foreign governments as of June 30, 1973 284
International Financial Transactions
93. U.S. net monetary gold transactions with foreign countries and international institutions, fiscal years 1945-73 285
94. U.S. reserve assets, fiscal years 1958-73 287 95. U.S. liquid and other liabilities to foreign official institutions, and
liquid liabilities to all other foreigners, 1958-73 288 96. International investment position of the United States 290 97. Assets and liabilities of the Exchange Stabilization Fund as of June
30, 1972, and June 30, 1973 292 98. Summary of receipts, withdrawals, and balances of nonpurchased
foreign currencies held by the U.S. Government, fiscal 1973 294 99. Balances of nonpurchased foreign currencies held by the U.S. Gov
ernment, June 30, 1973 I 295
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VI CONTENTS
Indebtedness of Foreign Governments Page
100. Indebtedness of foreign governments to the United States arising from World War I as of June 30, 1973 297
101. Status of German World War I indebtedness as of June 30, 1973 298 102. Outstanding long-term indebtedness of foreign countries on U.S.
Government credits (exclusive of indebtedness arising from World War I) as of June 30, 1973 by area, country, and major program. 299
103. Status of accounts under lend-lease and surplus propert}^ agreements (World War II) as of June 30, 1973_. 304
Corporations and other Business-Type Activities of the Federal Government
104. Comparative statement of securities of Government corporations and other business-type activities held b}' the Treasury, June 30. 1963-73 306
105. Capital stock of Government agencies held by the Treasury or other Government agencies June 30, 1972 and 1973, and changes during 1973 308
106. Borrowing authority and outstanding i&sues of Government corporations and other business-type activities whose securities are issued to the Secretary ofthe Treasury, June 30, 1973 309
107. Description of securities of Government corporations and other business-type activities held by the Treasury, June 30, 1973 310
108. Summary statements of financial condition of Government corporations, other business-type activities, and regular governmental activities, June 30, 1973 317
109. Statement of loans outstanding of Government corporations, other business-type activities, and regular governmental activities, June 30, 1973 318
110. Dividends, interest, and similar earnings received by the Treasury from Government corporations and other business-type activities, fiscal years 1972 and 1973 322
111. Direct sales and repurchases of loans, fiscal years 1963-73 and monthly 1973 323
Government Losses in Shipment
112. Government losses in shipment revolving fund, June 30, 1973 324
Personnel
113. Number of employees in the departmental and field services of the Department of the Treasury quarterly from June 30, 1972, to June 30, 1973 325
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Bases of Tables
Statistical sources The figures in this report are shown on the basis of: (a) The Daily Statement
of the United States Treasury; (b) the Monthly Statement of Receipts and Outlays of the United States Government; (c) warrants issued; (d) public debt accounts; and (e) administrative accounts and reports. Where no basis is indicated, the figures are derived from administrative reports prepared according to various specifications. Where more than one basis is used in a single table covering a period of years, the date of the change in basis is stated. The term "security," wherever used in the various tables, means any obligation issued pursuant to law for valuable consideration and includes bonds, notes, certificates of indebtedness, debentures, and other evidences of indebtedness.
Following are general explanations of the various bases. For background on the first two bases (the daily and monthly statements) see exhibits 69, 70, and 71 in the 1954 annual report; and for the third (warrants issued) see 1962 Annual Report, page 502,
Daily Statement of the United States Treasury The daily Treasury statement was the basis for receipts, expenditures, and the
resulting surplus or deficit shown in this report for the fiscal years 1916-52, and from 1916 to present it has been the basis for much of the public debt data and all of the figures on the account of the Treasurer of the United States. Since 1916 the daily statement has been based on bank transcripts (summarizing charges for checks paid and credits for deposits on the books of the banks) cleared and processed through the accounts of the Treasurer's oflSce in Washington. Telegraphic reports are used to provide more timely data for certain major types of information pending receipt of the bank transcripts. For the fiscal years 1946-52, expenditures for agencies using the facilities of the Treasury Department's Division of Disbursement were shown on the basis of reports of checks issued. Total expenditures, however, as well as expenditures for the military departments and other agencies using their own disbursing facilities, were on the basis of bank transcripts cleared.
During the time it served as the basis for the budget results, the daily statement covered certain transactions processed through commercial bank accounts held in the name of Government oflacers other than the Treasurer of the United States, and included intragovemmental and other noncash transactions. The present daily Treasury statement reports the status of the Treasurer's account and summarizes the various transactions representing deposits and withdrawals in that account, excluding noncash transactions (with minor exceptions) and transactions involving cash held outside the Treasurer's account. Only a limited number of deposit and withdrawal classifications are shown. These data do not purport to represent budget results.
Monthly Statement of Receipts and Outlays of the United States Government Beginning with the figures for the fiscal year 1953, this monthly statement
replaced the daily statement as the primary source of budget results (surplus or deficit) and other receipt and expenditure data classified by type of account. This statement shows all receipts and expenditures of the Government including those made from cash accounts held outside the Treasurer's account. The information in the monthly statement is based on the central accounts relating to cash operations (see "Description of Accounts Relating to Cash Operations," below).
Warrants issued Receipt and expenditure data shown for fiscal years before 1916 were taken
from reports based on warrants issued. For receipts, covering warrants were prepared from certificates of deposit
mailed to the Treasury, principally by Government depositaries, showing de-1
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2 19 73 REPORT OF THE SECRETARY OF THE TREASURY
posits received. The figures thus compiled were on a "warrants-issued" basis. Since these certificates did not reach the Treasury simultaneously, all receipts for a fiscal year could not be covered into the Treasury by warrant of the Secretary immediately upon the close of the fiscal year. Therefore, certain certificates of deposit representing amounts deposited during one fiscal year were reported as the next year's receipts.
Reports of expenditures were based on the amount of accountable and settlement warrants issued and charged to appropriation accounts. Since accountable warrants covered advances to disbursing otficers, rather than actual payments, reported expenditures necessarily included the changes in balances of funds remaining unexpended to the credit of disbursing ofiicers at the close of the fiscal year.
Public debt accounts The figures reported on this basis represent transactions which have been
audited by the Bureau of the Public Debt. It is sometimes several months after a financing operation before all the transactions have been reported and audited. Therefore, the public debt figures on this basis differ from those reported in the daily Treasury statement since the latter consist of transactions cleared through the Treasurer's account during the reporting period. A reconciliation of figures on the two bases is given in table 26,
Administrative accounts and reports Certain tables in this report are developed from the accounts, records, and
reports of the administrative agencies concerned, which may be on various bases. These tables include internal revenue and customs statistics, foreign currency transactions in the accounts of the Secretary of the Treasury, and financial statements of Govemment corporations and other business-type activities.
Description of Accounts Relating to Cash Operations The classes of accounts maintained in connection with the cash operations of
the Federal Government, exclusive of public debt operations, include: (1) The accounts of fiscal officers or agents, collectively, who receive money for deposit in the U.S. Treasury or for other authorized disposition or who make disbursements by drawing checks on the Treasurer of the United States or by effecting payments in some other manner; (2) the accounts of administrative agencies which classify receipt and expenditure (disbursement) transactions according to the individual receipt, appropriation, or fund account; and (3) the accounts of the Treasurer of the United States whose office, generally speaking, is responsible for the receipt and custody of money deposited by fiscal officers or agents, for the payment of checks drawn on the Treasurer, and the payment of public debt securities redeemed. A set of central accounts is maintained in the Treasury Department for the purpose of consolidating financial data reported periodically from these three sources in order to present the results of cash operations in central financial reports on a unified basis for the Government as a whole, and as a means of internai control.
The central accounts relating to cash operations disclose monthly and fiscal year information on: (1) The Government's receipts by principal sources, and its expenditures according to the different appropriations and other funds involved ; and (2) the cash transactions, classified by types, together with certain directly related assets and liabilities which underlie such receipts and expenditures. The accounting for receipts is substantially on the basis of collections (i.e. as of the time cash receipts are placed under accounting control), and that for expenditures is substantially on the basis of checks issued (and cash payments made) except that since June 1955 interest on the public debt has been on an accrual basis. The structure of the accounts provides for a reconciliation, on a firm accounting basis, between the published reports of receipts and expenditures for the Government as a whole and changes in the Treasurer's cash balance by means of such factors as checks outstanding, deposits in transit, ahd cash held outside the Treasury. Within the central accounts, receipt and expenditure accounts are classified as described in the following paragraphs.
Budget accounts General fund receipt accounts.—General fund receipt accounts are credited
with all receipts which are not earmarked by law for a specific purpose. Gen-
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STATISTICAL APPENDIX 3
eral fund receipts consist principally of internal revenue collections, which include income taxes, excise taxes, estate, gift, and employment taxes. The remainder consist of customs duties and a large number of miscellaneous receipts, including fees for permits and licenses, fines, penalties, and forfeitures; interest and dividends; rentals; royalties; and sale of Government property.
Special fund receipt accounts.—Special fund receipt accounts are credited with receipts from specific sources which are earmarked by law for a specific purpose, but which are not generated from a cycle of operations. The Congress may appropriate these receipts on an annual basis or for an indefinite period of time. Examples of special fund receipts are those arising from rents and royalties under the Mineral Leasing Act, the revenue from visitors to Yellowstone National Park, the proceeds of the sale of certain timber and reserve lands, and other receipts authorized to be credited to the reclamation fund.
General fund expenditure accounts.—Generar fund expenditure accounts are established to record amounts appropriated by the Congress to be expended for the general support of the Government. Such accounts are classified according to the limitations that are established by the Congress with respect to the period of availability for obligation of the appropriation, as 1-year, multiple-year, or "no-year" (without a time limit), and with respect to the agency authorized to enter into obligations and approve expenditures.
Special fund expenditure accounts.—Special fund expenditure accounts are established to record appropriated amounts of special fund receipts to be expended for special programs in accordance with specific provisions of law. These accounts are generally available without time limit, but may also be subject to time limitations as in the case of general fund accounts.
Revolving fund accounts.—These are funds authorized by specific provisions of law to finance a continuing cycle of operations in which expenditures generate receipts, and the receipts are available for expenditure without further action by Congress. They are classified as (a) Public enterprise funds where receipts come primarily from sources outside the Government and (b) intragovernmental funds where receipts come primarily from other appropriations or funds. Treasury reports generally show the net effect of operations (excess of disbursements or collections and reimbursements for the period) on the budget surplus or deficit. These accounts are usually designated as "no-year" accounts; i.e., they are without limitation as to period of availability for expenditures. Examples of public enterprise revolving funds are the Export-Import Bank of the United States and the Commodity Credit Corporation. Examples of intragovernmental revolving funds are the general supply fund, administered by the General Services Administration, and the Government Printing Office revolving fund.
Consolidated working fund accounts.—These are accounts established to receive (and subsequently disburse) advance payments from other agencies or bureaus pursuant to section 601 of the Economy Act (31 U.S.C. 686) or other provisions of law. Consolidated working funds may be credited with advances from more than one appropriation for the procurement of goods or services to be furnished by the performing agency with the use of its own facilities within the same fiscal year. Expenditures recorded in these accounts are stated net of advances credited and are classified under the agencies administering the accounts. The accounts are subject to the fiscal year limitations of the appropriations or funds from which advanced.
Management fund accounts.—These are working fund accounts authorized by law to facilitate accounting for and administration of intragovernmental activities (other than a continuing cycle of operations) which are financed by two or more appropriations. This classification is also often applied to the consolidated working funds for interagency activities described above.
Trust fund accounts.—These are accounts maintained to record the receipt and expenditure of moneys held in trust by the Government for use in carrying out specific purposes or programs in accordance with the terms of a trust agreement or statute. The receipts of many trust funds, especially the major ones, not needed for current payments are invested in public debt and Government agency securities. Generally, trust fund accounts consist of separate receipt and expenditure accounts, but when the trust corpus is established to perform a business-type operation, the fund entity is called a "trust revolving fund" and a combined receipt and expenditure account is used. Some of the major trust accounts are the Federal old-age and survivors insurance trust fund, unemployment trust fund, civil service retirement and disability fund, the national service life insurance fund, and the highway trust fund.
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4 1973 REPORT OF THE SECRETARY OF THE TREASURY
Transfer appropriation accounts.—These accounts are established to receive (and subsequently disburse) allocations which are treated as nonexpenditure transactions at the time the allocation is made iucluding certain transfers under section 601 of the Economy Act (31 U.S.C. 686), and similar provisions of law.
Other accounts Deposit fund accounts.—Deposit funds are combined receipt and expenditure
accounts established to account for receipts that are either: (a) Held in suspense temporarily and later refunded or paid into some other fund of the Government upon administrative or legal determination as to the proper disposition thereof, or (b) held by the Government as banker or agent for others and paid out at the direction of the depositor. Such funds are not available for paying salaries, expenses, grants, or other expenditures of the Government.
Historical Data
Historical data consistent with the unified budget have been compiled for the applicable tables back through fiscal 1954.
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T A B L E S
NOTE.—Details of figures may not add to totals because of rounding.
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Summary of Fiscal Operations TABLE 1.—Summary of fiscal operations, fiscal years 1954-73 and monthly 1973
[On basis of " M o n t h l y S t a t e m e n t of Receipts a n d Out lays of t h e U n i t e d Sta tes G o v e r n m e n t , " see "Bases of Tab les" ]
Fiscal year or m o n t h
B u d g e t receipts a n d out lays ^ Selected balances, end of period
Federa l securities N e t receipts Out lays Budge t surp lus , Federa l securities - held b y t h e
A u g u s t 18,212,779,302 20,581,423,062 -2,368,643,760 446,876,033,107 328,433,386,282 September 22,182,666,658 18,470,808,600 3,711,858,058 445,4^5,307,373 328,809,233,040 October 14,738,288,436 20,055,092,097 -5,316,803,660 451,429,310,741 331,660,498,804 N o v e m b e r 16,747,622,174 21,165,474,437 -4,417,852,263 456,110,275,700 336,958,422,119 December 18,971,958,544 19,721,493,505 -749,534,961 461,067,635,676 341,155,111,492
1973—January 21,130,232,761 23,630,831,903 -2,500,599,142 461,855,023,601 342,674,136,152 F e b r u a r y 18,066,718,748 20,226,644,996 -2,159,926,247 466,616,812,932 346,537,266,708 March 15,986,521,937 20,806,080,243 -4,819,558,306 470,412,065,905 349,542,357,409 Apr i ! 25,860,022,534 22,305,634,034 3,554,388,500 468,147,639,901 347,383,210,808 May 16,584,289,203 20,156,895,873 -3,572,606,669 468,379,804,661 345,413,659,054 J u n e 28,537,136,020 20,814,198,501 7,722,937,519 469,250,668,136 343,044,594,928
1 De ta i l in fiscal 1973 will n o t add to to ta l due to yearend ad jus tments . 2 F o r con ten t , see t ab le 17.
3 Fo r conten t , see t ab le 18, 4 Inc ludes t ransac t ions in t rans i t as of J u n e cO, For content , see table 54.
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1 9 7 3 REPORT OF THE SECRETARY OF THE TREASURY
Receipts and
T A B L E 2.—Receipts and outlays,
[On basis of warrants issued from 1789 to 1915 and on basis of daily Treasury statements for 1916 through of the United States Government." General, special, emergency, and trust accounts combined from through 1953; on basis of unified budget thereafter. For explanation of accounts see "Bases of Tables"]
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STATISTICAL APPENDIX 9
Outlays
fiscalyears 1789-1973
1952. Beginning with fiscal year 1953 on basis of the "Monthly Statement of Receipts and Outlays 1789 through 1930. Trust accounts excluded from 1931 through 1953. On basis of "Administrative budget"
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STATISTICAL APPENDIX 1 7
Footnotes to table 2
1 From 1789 to 1842 fiscal the year ended Dec. 31; from 1844 to date, on June 30. Figures for 1843 are for a half year, Jan, 1 to June 30,
2 Effective Jan. 3, 1949, amounts refunded by the Government, principally for overpayment of taxes, are reported as deductions from total receipts rather than as outlays. Also, effective July 1,1948, payments to the Treasury, principally by wholly owned Government corporations for retirement of capital stock and for disposition of earnings, are excluded in reporting both budget receipts and outlays. Neither change affects the budget surplus or deficit. Figures beginning with fiscal 1913 have been adjusted accordingly for comparability. For adjustments for refunds of receipts for fiscal years 1931-53, see 1967 Annual Report, pp, 448-449, For capital transfers for fiscal 1931 through 1948. see 1958 Annual Report, p, 396, footnote 3,
3 Includes all military and civil outlays of the Departments of the Army (Including the Panama Canal). the Navy, and beginning wlthlfiscal 1949 the Air Force, except civil outlays of War and Navy at Washington through fiscal 1915, Department ofthe Army outlays Include those of the Department ofthe Air Force (established Sept. 18,1947) from funds made available before fiscal 1949. Beginning with fiscal 1952 outlays of the Department of Defense not classified among Its three departments are Included under "Other." Military assistance outlays for foreign aid programs are Included under "Other" except as noted. See footnote 14.
4 The practice of Including statutory debt retirements In budget outlays was discontinued effective with fiscal 1948. Such outlays are not Included in this table, nor does the "Surplus or deficit" take into account such outlays. Table 39 shows details of statutory debt retirements.
8 Refunds ofreceipts and transfers to trust funds. For content for fiscal years 1931-53 see 1967 Annual Report, pp. 448-449.
9 For content see 1961 Annual Report, pp. 450-457. 7 Sec. 114(f) of the Economic Cooperation Act of 1948, approved Apr. 3,1948, required that $3,000,000,000
be transferred to the "Foreign Economic Cooperation Trust Fund" and "considered as expended during the fiscal year 1948, for the purpose of reporting governmental expenditures." The effect of this was to charge the budget In fiscal 1948 for outlays made In fiscal 1949, with consequent effect on the budget surplus or deficit of those years. This bookkeeping transaction had no effect on the actual timing of either receipts or outlays. In order to simplify comparison of figures between years, the transactions shown in this table do not take Into account the transfer of $3,000,000,000 In fiscal 1948 to the Foreign Economic Cooperation trust fund; outlays of $3,000,000,000 during fiscal 1949 from the Foreign Economic Cooperation trust fund are treated as budget outlays In this table. If effect Is given to sec, 114(f) of the Economic Cooperation Act of 1948, the budget results for the fiscal years 1948 and 1949 would be as follows:
Fiscal year 19^8 Fiscal year 1949 Budget receipts .- $41,374,701,989 $37,662,972,939 Budget outlays 35,965,232,145 36,474,-412,98?
Budget surplus 5,419,469,844 1,188,569,952
8 Beginning with fiscal 1951, Investments of wholly owned Government corporations In public debt securities are excluded from budget outlays. See table 6.
8 Includes Federal old-age and survivors. Federal disability. Federal hospital, and railroad retirement tax act receipts.
10 Includes unemployment insui ance, Federal supplementary medical, civil service retirement, and other employees retirement receipts.
11 For content see table 3. 12 Social security trust fund outlays are refiected under the Department of the Treasury through fiscal
year 1962, and under the Department of Health, Education, and Welfare, thereafter. 13 Includes Interest payments by Government corporations and other business-type activities on securi
ties Issued to the Treasury. i< Includes military assistance.
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0 0
Year
TABLE 3.—Refunds of receipts, fiscal years 1954-73
[On basis of "Mon th ly S t a t e m e n t of Receipts and Out lays of t h e Un i t ed States G o v e r n m e n t , " see "Bases of T a b l e s "
I n t e m a l revenue
Ind iv idua l Income
taxes
Corpora t ion Income
taxes Excise taxes i
E s t a t e and gift taxes
Federa l old-C u s t o m s Miscellaneous age, disabi l i ty , Ai rpor t
du t i e s taxes a n d a n d hospi ta l and a i rway receipts insurance t rus t fund
t ru s t funds
H i g h w a y t r u s t fund
Rai l road re t i r ement and u n e m p l o y m e n t
Total employment taxes and contributions 46,119,776 54,876,420
Unemployment insurance: Unemployment trust fund:
State taxes deposited in Treasury 3,226,286 4,634,192 Federal Unemployment Tax Act taxes 1,010,869 1,297,226 Railroad Unemployment Insurance Act contributions.. 119,516 120,065
Total unemployment trust fund 4,356,671 6,051,483
Contributions for other insurance and retirement: Federal supplementary medical insurance trust fund:
Premiums deducted from benefit payments 1,114,521 1,192,934 Premiums collected by Social Security Administration 87,588 84,323 Premiums deposited by States - .-- 137,943 149,350
Total Federal supplementary medical insurance trust fund 1,340,052 1,426,607
^ Federal employees retirement contributions: Civil service retirement and disability fund - - 2,046,962 2,135,019
, Foreign service retirement and disability fund-.- 8,372 9,003 Other 3,103 2,385
Total Federal employees retirement contributions . . . 2,058,437 2,146,407
Other retirement contributions:
Civil service retirement and disability fund 38,833 41,033
Total contributions for other insurance and retirement 3,437,322 3,614,046
Total social insurance taxes and contributions 53,913,769 64,541,949
Excise taxes: Miscellaneous excise taxes - 9,505,827 9,836,240 Airport and airway trust fund 648,652 758,159 Highway trust fund 5,322,423 5,665,454
Total excise taxes 15,476,901 16,259,861
Estate and gift taxes -,...- 5,435,862 4,917,069
Customs duties -.-- 3,286,906 3,187,980
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
20 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[ In thousands of dollars]
1972 1973
N E T RECEIPTS—Continued Miscellaneous receipts:
Deposits of earnings by Federal Reserve banks 3,252,197 3,495,069 Another- .-- r 380,391 425,492
Total miscellaneous receipts -- 3,632,589 3,920,561
Total net budget receipts--- - 208,648,559 232,225,472
OUTLAYS Legislative branch:
Senate -- - r 74,140 78,869 House of Representatives - --- 128,830 141,646 Joint items for Senate and House - - - . "" 33,559 29,698 Architect of the Capitol.. 29,798 32,540 Botanic Garden - -- - 740 804 Library of Congress...- - - 69,969 77,735 Government Printing OflBce:
General Accounting Office -- 85,447 95,265 Cost Accounting Standards Board- - 882 1,480 United States Tax Court - 6,501 8,107 Proprietary receipts from the pubhc —14,131 —14,945 Intrabudgetary transactions —304 —457
Total legislative branch . 487,307 540,459
The judiciary: Supreme Courtof the United States 4,570 5,209 Court of Customs and Patent Appeals . - - 651 663 Customs Court. .- 2,252 2,209 Courtof Claims - 2,003 2,102 Courts of appeals, district courts, and other judicial services ^ 161,409 175,346 Federal Judicial Center - . . - ^ 1,121 1,424 Commission on Bankruptcy Laws ofthe United States 193 441 Judiciary trust funds- - -. 2,618 2,820 Proprietary receipts from the public - - - —1,875 —6,913
Total the judiciary -.- 172,941 183,299
Executive Office of the President: Compensation ofthe President 250 250 The White liouse Oflice- 9,604 9,735 Special projects - 1,117 1,650 Executive Residence - 1,218 1,057 Special Assistance to the President 643 628 Council of Economic Advisers.. - - - - - 1,766 1,498 Council on International Economic Policy —8 658 Council on Environmental Quality and Oflice of Environmental Quahty. 1,891 2,310 Domestic Council •"1,871 l,p27 National Aeronautics and Space Council --- -- 428 414 National Security Council 2,221 2,437 OflHce of Emergency Preparedness 8,662 9,060 OflRce of Management and Budget 1 . 18,312 18,544 Oflfice of Science and Technology 1,829 1,805 OflSce of Telecommunications Policy 2,337 2,574 Special Action OflEice for Drug Abuse Prevention.. -- .- 1,079 4,923 Special representative for trade negotiations 818 852 Miscellaneous - - . 53 8
Total Executive OAlice of the President '54,092 60,029
Funds appropriated to the President: Appalachian regional development programs:
Public enterprise funds 1 454 505 Other 241,007 264,425
Disaster relief 92,169 358,252 Economic stabilization activities 13,402 26,405 Emergency fund for the President ""455 14 Expansion of defense production. . — 11,524 68,034 Expenses of management improvement 655 548
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 2 1
TABLE 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued Foreign assistance:
International security assistance: Military Assistance:
Defense Department 563,121 492,959 All other agencies -608 -8,287
Foreign mihtary credit sales 147,097 232,953 Military credit sales to Israel 68,924 123,354 Security supporting assistance 717,054 645,251 Liquidation of foreign mihtary sales fund 10,204 113,263 Mihtary assistance advances 1,183,794 1,396,124 Proprietary receipts from the pubhc:
Mihtary assistance advances —1,096,694 —1,729,513 Other . - - - r -69,651 -89,708
Total international security assistance •" 1,523,241 1,176,396
847,511
1,319,137
43, 270
r 2,885,648
1,052,449 1,571
r 4, 276, 287
517,329
1,027,088
10,535
2, 214,019
800, 679 40
3, 732,920
In te rna t iona l deve lopment assistance: Mul t i la tera lass is tance:
In te rna t iona l financial ins t i tu t ions 275,694 323,532 In te rna t iona l organizations and programs 195,932 186, 227
Bilateral assistance: Gran t s and other programs 406,203 456,042 Alliance for Progress, deve lopment loans 183,529 188,164 Deve lopment loan fund 336,655 193,062 Housing g u a r a n t y fund - —53 490 Overseas P r i v a t e I n v e s t m e n t Corporat ion -. —21,342 —10,060 In ter -Amer ican Founda t ion 1,579 3,982 In t r agovernmenta l funds- - - - - . 4, 768 5,412 Propr ie ta ry receipts from the publ ic -63 ,828 ^319,763
To ta l bilateral assistance
Tota l in ternat ional deve lopment assistance
Pres ident ' s foreign assistance contingency fund
Tota l foreign assis tance.
0 ffice of Economic 0 p p o r t u n i t y Miscellaneous
To ta l funds appropr ia ted to the Pres ident
Agr icul ture D e p a r t m e n t : D e p a r t m e n t a l managemen t :
Ofliceof the S e c r e t a r y . . . . . . •" 10,058 9,776 Office of the Inspector General 18,352 17,438 Officeof the General Counsel 6,741 6,133 Office of Management Services 4,055 3,686
To ta l D e p a r t m e n t a l m a n a g e m e n t 39, 206 37,032
Science and educat ion programs: Agr icul tura l Research Service 255,656 199,126 A n i m a l and P l a n t H e a l t h Inspect ion Service . . 102,169 309,417 Cooperat ive Sta te Research Service. . 74,706 82,344 Extension Service 169,720 185,849 Nat iona l Agr icul tura l L ib ra ry 4,242 4,207
Tota l science and educat ion programs 606,493 780,943
Agricul tura l economics: Statist ical Repor t ing Service 21,055 21,334 Economic Research Service '"17,198 15,443
Market ing services: C o m m o d i t y Exchange A u t h o r i t y 2,943 2,730 Packers and Stockyards Admin i s t ra t ion 3,933 3,744 F a r m e r Cooperat ive Service 2,012 1,945
In te rna t iona l programs: Foreign Agr icul tura l Service 28,560 26,921 Foreign assistance and special export programs^ 1,320,400 895,000
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
Agricultural Stabihzation and Conservation Service: Administrative expenses... 166,373 163,621 Sugar Act program 86,133 87,127 Cropland adj ustment program 66,783 51,456 Rural environmental assistance prograi^i 185,371 162,598 Indemnity, conservation, and land-use programs 10,743 16,690
Total Agricultural Stabilization and Conservation Service. 515,403 481,492
Corporations: Federal Crop Insurance Corporation:
Administrative and operating expenses 12,066 11, 723 Federal Crop Insurance Corporation fund.. . —10,395 —12,582
Commodity Credit Corporation: Pubhc enterprise funds. 3,983,371 3,555,289 Special activities:
National Wool Act program 116,545 74,000 Intragovernmental funds. -354,446 -140,960
Total Commodity Credit Corporation 3,745,470 3,488,329
Total corporations 3,747,140 3,487,470
Rural development: Rural Development Service 158 193 Rural Electrification Administration:
Rural Telephone Bank 16 i 29,303 Other 567,367 1499,216
Farmers Home Administration: Public enterprise funds:
Direct loan account 11,116 -17,615 Rural development insurance fund —222,762 Rural housing insurance fund 169,093 -231,801 Emergency credit revolving fund (disaster loans) —73, 295 —14,063 Agricultural credit insurance fund 192,617 194,095 Other -• -6,615 -6,595
Rural housing, water and waste disposal grants 37,141 47,614 Salaries and expenses 100,682 104,068
Total Farmers Home Administration '•430,737 -147,059
Conservation operations 171,435 168, 648 Watersheds, fiood prevention, and water development 126,454 124,176 Great Plains conservation program.. 16,169 15,174
Forest Service: Intragovernmental funds Forest protection and utilization Construction and land acquisition Forest roads and trails. Forest Service permanent appropriations Cooperative work . Other
Total Forest Service
Proprietary receipts from the public
Total Agriculture Department
Commerce Department: General administration:
Public works grants and loans revolving fund Salaries and expenses Other
Social and Economic Statistics Administration: Salaries and expenses Censuses Other
Economic development assistance: Economic Development Administration Regional action planning commissions
Promotion of industry and commerce: Domestic and International Business Administration Foreign direct investnient regulation Minority business enterprise National Industrial Pollution Control Council U.S. Travel Service
Total promotion of industry and commerce
Science and technology: National Oceanic and Atmospheric Administration:
Pubhc enterprise funds Other
PatentOffice --National Bureau of Standards:
Intragovernmental funds - . . . Other
O ffice of Telecommunications National Technical Information Service Office of State Technical Services
Total science and technology
Maritime Administration: Pubhc enterprise funds Ship construction -. Ship operation subsidies Other
Total Maritime Administration
Proprietary receipts from the pubhc Intrabudgetary transactions
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
24 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued Defense Department:
Military: Military personnel:
Department of the Army . 9,004,660 8,534,842 Department of the Navy 6,748,098 7,194,040 Department of the Air Force 7,283,134 7,616,860
Total military personnel 23,035,793 23,245,741
Retired mihtary personnel 3,884,688 4,390,097
Operation and maintenance: Department of the Army . 7,553,886 6,938,837 Department of the Navy -. 5,689,180 6,686,522 Department of the Air Force . 7,160,686 6,999,017 Defense agencies . . - - - 1,271,158 1,444,232
Total operation and maintenance - 21,674,910 21,068,608
Procurement: Department of the Army . 3,894,432 2,780,687 Department of the Navy 7,135,407 7,027,848 Department of the Air Force 6,047,758 5,797,655 Defense agencies 53,797 48,141
Total procurement . 17,131,395 15,664,330
Research, development, test, and evaluation: Department of the Army 1,778,730 1,912,094 Department of the Navy 2,426,633 2,404,199 Department of the Air Force 3,205,071 3,361,887 Defense agencies 470,775 478,595
Total research, development, test, and evaluation - - 7,881,208 8,156,775
1,108,005
4,245 683,703
687,948
74,524 2,645
1,119,269
33 728,937
728,971
74,064 4,374
Military construction: Department of the Army 423,048 421,456 Department of the Navy -- 342,762 394,981
. Departmentof the Air Force-- 330,736 284,682 Defense agencies -- 11,459 18,160
Revolving and management funds: Public enterprise funds:
Department of the Army (*) (*) Department of the Navy --- - . . 69 -1,328 Department of the Air Force —58 —26
Intragovernmental funds: Department of the Army -16,543 -347,166 Department of the Navy 26,476 -200,976 Department of the Air Force 21,782 -315,551 Defense agencies - -255,097 -165,037
Total revolving and management funds .
Miscellaneous trust revolving funds Miscellaneous trust funds Proprietary recei pts from the public Intrabudgetary transactions. . - - -
Total military - - ^
See footnotes a t end of table.
-223,370
-1,539 7,181
^-106,596 -6,137
r 75,150, 654
-1,030,080
-9,104 7,449
-105,424 -7, 973
73,297,098
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 2 5
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[ In thousands of dollars]
OUTLAYS—Continued
Defense Department—Continued Civil:
Department of the Army: Cemeterial expenses 21,307 20,170 Corps of Engineers:
Water resources development 1,519,387 1,706,513 Intragovernmental funds —7,117 2,668 Proprietary receipts from the public —26,790 —37,718
Soldiers' and Airmen's Home: U.S. Soldiers' and Airmen's Home revolving fund —15 4 Other 12,015 12,163
The Panama Canal: Canal Zone Government 53,036 58,392 Panama Canal Company- - 540 —2,385
Proprietary receipts from the pubhc —23,361 —36,214 Intrabudgetary transactions -26,036 -20,917
Total civil.- '1,529,557 1,703,112
Total Defense Department •"76,680,212 75,000,210
Health, Education, and Welfare Department: Food and Drug Administration:
Revolving fund for certification and other services 371 —499 Other. 105,109 143,307
liealth Services and Mental Health Administration: Public enterprise funds 5 5,075 Intragovernmental funds ----- — 1,276 —3,121 Mental health 481,235 566,984 liealth services planning and development 405,819 363,434 Health services delivery 681,767 673,460 Preventive health services •"78,229 135,755 Indian health services and facilities 169,599 197,574 Other -. '81,089 103,511'
Total liealth Services and Mental Health Administration 1,896,468 2,042,672
National Institutes of liealth: Pubhc enterprise funds 1,220 870 Intragovernmental funds- 997 32,980 Cancer research --- '258,898 384,310 Heart and lung research 193,527 232,921 Arthritis, metabohc and digestive diseases ' 146,399 149,528 Neurological diseases and stroke 104,981 110,755 Allergy and infectious diseases 105,865 106,394 General medical science -- . 161,668 170,841 Child health and human development 97,528 114,718 Other research institutes 165,204 172,966 Health manpower 455,705 627,124 Other - 59,928 51,793
Total National Institutes of liealth 1,751,920 2,155,202
Education Division: Office of Assistant Secretary of Education 966
Office of Education: Student loan insurance fund 26,589 43,279 Higher education facilities loan and insurance fund 24,469 . 9,133 Elementary and secondary education 1,887,812 1,820,122 School assistance in federally afiected areas 649,302 580,493 Emergency school assistance 71,952 40,956 Education for the handicapped --- 93,674 105,709 Occupational, vocational, and adult education 508,541 606,930 Higher education 1,287,140 1,375,691 Educational development 204,059 238,644 Other 150,175 169,295
Total Office of Education 4,903,714 4,990,253
National Institute of Education 35,830
Total Education Division 4,903,714 5,027,048
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
26 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued liealth. Education, and Welfare Department—Continued
Social and Rehabihtation Service: Grants to States for public assistance:
Providing or financing medical services 4,470,064 4,591,416 Pubhc assistance - 6,668,432 5,929,452 Social and individual services 1,953,407 1,614,269
Social and rehabilitation services 726,404 797,105 Work incentives 171,103 281,055 Assistance to refugees in the United States 129,173 135,363 Other 38,833 54,340
Total Social and Rehabilitation Service 14,157,416 13,403,000
Social Security Administration: Intragovernmental funds —324 —128 Payment to social security trust funds 2,454,192 2,385,511 Special beneflts for disabled coal miners 417,951 951,693 Security income benefits 41,000
Federal old-age and survivors insurance trust fund: Administrative expenses and construction 581,959 667,359 Benefit payments . 34,540,313 42,170,274 Vocational rehabilitation services 1,555 2,470 Payment to railroad retirement account 724,341 782,954
Total Federal old-age and survivors insurance trust fund. 35,848,168 43,623,057
Federal disability insurance trust fund: Administrative expenses and construction 211,677 246,653 Benefit payments 4,045,902 5,161,871 Vocational rehabihtation services 27,523 39,361 Payment to railroad retirement account 24,190 19,603
Total Federal disability insurance trust fund 4,309,292 5,467,388
Federal hospital insurance trust fund: Administrative expenses and construction 166,375 192,842 Benefit payments 6,109,139 6,648,819
Total Federal hospital insurance trust fund 6,275,514 6,841,661
Federal supplementary medical insurance trust fund: Administrative expenses and construction 288,627 245,867 Benefit payments 2,255,069 2,391,232
Total Federal supplementary medical insurance trust fund 2,543,696 2,637,099
Total Social Security Administration 51,848,491 61,947,281
Special institutions: American Printing House for the Bhnd 1,580 1,697 National Technical Institute for the Deaf 12,332 17,060 Model Secondary School for the Deaf 2,873 3,034 Gallaudet College 9,469 10,395 Howard University 49,449 68,253
Total special institutions 75,704 100,438
OflTice of Child Development 215,623 383,788 Office of the Secretary:
Proprietary receipts from the public —30,033 —26,737 Intrabudgetary transactions:
Payments for health insurance for the aged: Federal hospital insurance trust fund —503,351 —381,415 Federal supplementary medical insurance trust fund —1,365,295 —1,430,451
Payments for military service credits and special benefits for the aged: Federal old-age and survivors insurance trustfund.--. —487,546 —474,645 Federal disability insurance trust fund —50,000 —51,000 Federal hospital insurance trust fund —48,000 —48,000
Receipts transferred to railroad retirement account —748,531 —802,457
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 2 7
T A B L E 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued liealth. Education, and Welfare Department—Continued
Intrabudgetary transactions—Continued Interest on reimbursement of administrative and vocational rehabili
tation expenses: Federal old-age and survivors insurance trust fund 100 1,876 Federal disabihty insurance trust fund 299 260 Federal hospital insurance trust fund —348 —155 Federal supplementary medical insurance trust fund —51 —1,979
Total liealth. Education, and Welfare Department '71,780,132 82,042,236
Housing and Urban Development Department: Housing production and mortgage credit:
Federal Housing Administration: Public enterprise funds:
FHA revolving fund..-- - 290,093 832,791 Housing for the elderly or handicapped fund —1,475 —10,680 College housing loans and other expenses 37,056 4,030 Nonproflt sponsor assistance . 1,085 241 Low-rent pubhc housing loans and other expenses —30,925 —13,402 Other..-- ---.- 17,000 15,748
Total Federal Housing Administration 312,835 828,729
Government National Mortgage Association: Management and hquidating functions —335,739 —753,059 Guarantees of mortgage-backed securities —2,637 —4,666 Special assistance functions 448,617 -200,991 Participation sales fund.-- -30,089 -21,122
Total Government National Mortgage Association 80,152 —979,838
Total housing production and mortgage credit 392,987 —161,109
Community planning and management: New communities fund —2, 577 —3, 556 Comprehensive planning grants 50,170 75,765 Other ---- 10,680 13,268
Community development: Urban renewal programs 1,189,379 992,362 Rehabihtation loan fund : 39,465 25,702 Public facihty loans 22,422 12,464 Salaries and expenses 23,274 25,159 Model cities programs - - -- 499,515 590,024 Grants for neighborhood facihties 23,177 26, 578 Open space land programs.. 52,319 -,^l'*§o Grants for basic water and sewer facihties 134,005 156, 533
Total community development 1,983,557 1^90^08
Federal Insurance Administration: Public enterprise funds 62 1,867 Other - - 4,980 6,240
Interstate land sales registration--- 627 Research and technology 42,630 ?'Ton Fair housing and equal opportunity 8,411 9,489 Departmental management:
Total Housing and Urban Develop? 3nt Department 3,642,400 3,592,268
See footnotes a t end of table.
526-680 O - 74 •
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued Interior Department:
Pubhc land management: Bureau of Land Management '210,834 225,835
Bureau of Indian Affairs: Public enterprise funds Indian tribal funds Education and welfare services . Resources management Other -
Total Bureau of Indian Affairs
Bureau of Outdoor Recreation
Territorial affairs -
Total public land management
Mineral resources: Geological Survey . Bureauof Mines:
Helium fund Other -
Office of Coal Research Officeof Oil and Gas
Total mineral resources
Fish and wildhfe and parks: Bureau of Sport Fisheries and Wildlife National Park Service
Water and power resources: Bureau of Reclamation:
Colorado River and Fort Peck projects Construction and rehabilitation Other.
Alaska Power Administration Bonneville Power Administration Southeastern Power Administration Southwestern Power Administration Officeof Water Resources Research
Total water and power resources . .
Secretarial offices: Oflace of the Sohcitor Office of the Secretary
Proprietary receipts from the public: Royalties and rent on Outer Continental Shelf lands Other
Intrabudgetary transactions
Total Interior Department
Justice Department: Legal activities and general administration Federal Bureau of Investigation Immigration and Naturalization Service Federal Prison System:
Federal Prison Industries, Inc. (net) Federal prisons commissary funds Other -
Law Enforcement Assistance Administration Bureau of Narcotics and Dangerous Drugs Proprietary receipts from the public
Total Justice Department
Labor Department: Manpower Administration:
Intragovernmental funds Manpower training services - -Emergency employment assistance- - - . . Federal unemployment benefits and allowances . Salaries, expenses, and other -
See footnotes a t end of table.
-414 ' 144,149 267,435 78,905
' 96,982
587,057
193,512 87,956
1,079,300
127,175
42, 296 125, 264 17, 880 1,452
314,067
144,186 186,709
47,873 187, 236 126,363 1,058
123,182 744
6,792 13,644
' 505,890
6,580 48,672
-279,353 -704,313 -46,099
1,255,700
158,055 328,957 128,828
2,829 172
124,731 379, 748 58,382 -1,358
1,180,343
-2,072 1,665,420 567,030 541,464 647,380
-729 194,024 292,031 76, 629 160,138
712,093
209,340 105,116
1,252,384
138,439
-1,181 138, 260 36,605 1,604
313, 618
151,641 208,925
75,052 232,237 139,434
992 135,234
922 5,639 13,970
603,480
7,091 46,570
-3,955,577 -756,943 -108,303
-2,237,114
179,801 356,427 137, 063
1, 795 -200
156,614 624,006 77,330 -2,115
1,530,72^!
-1,531 1,477, 282 1,014,174 390, 599 272,539
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 29
T A B L E 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
Salaries and expenses 83,135 52,791 Federal workmen's compensation benefits -.- 103,586 102,097 Other -- -- . 536 633
Occupational Safety and Health Administration 37,428 Bureau of Labor Statistics - 33,122 44,331 Departmental management -- - 20,887 19,009 Proprietary receipts from the pubhc —1,293 —1,303 Intrabudgetary transactions —573,458 —147,498
Total Labor Department 10,033,117 8,638,578
State Department: Administration of foreign affairs:
Salaries and expenses 242,528 253,468 Intragovernmental funds —200 49 Acquisition, operation, and maintenance of buildings abroad 20,500 19,257 Payment to foreign service retirement and disabihty fund 8,572 14,208 Foreign service retirement and disabihty fund -. 26,524 30,754 Other 3,310 3,296
Total administration of foreign affairs 301,234 321,031
International organizations and conferences 168,938 182,354 International commissions -. - -. 11, Oil 11,238 Educational exchange - -.- 43,048 49,853 Other 26,150 46,953 Proprietary receipts from the pubhc - - - - —5,023 —5,137 Intrabudgetary transactions:
Foreign service retirement and disability fund: Receipts transferred to civil service retirement and disability fund —44 —129
Federal Aviation Administration: Aviation war risk insurance revolving fund . —3,414 —1,657 Airport and airway:
Operations - -.- - 1,078,253 1,178,374 Facilities and equipment.- 377,800 321,768 Grants-in-aid for airports 105,483 232,346 Research, engineering, and development-- — . - - 58,460 66,663 Interest on refunds of taxes 26
- Civil supersonic aircraft development—termination 91,229 6,813 Federal payment to the airport and airway trust fund 646,882 73,397 Other : - 168,755 43,771
Total Federal Aviation Administration-- - 2,523,448 1,921,501
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
30 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued
Transportation Department—Continued Federal Highway Administration:
Federal-aid highways..- - - 4,657,134 4,729,539 Right of way revolving fund 17,116 24,904 Other 3,031 5,784
Other 19,152 -4,611
Total Federal Highway Administration 4,743,011 4,811,758
National Highway Traffic Safety Administration: Traffic and highway safety.- 46,986 46,407 State and community highway safety programs 70,997 43,124 Highway trust fund share of safety programs 12,936 50,809
Federal Railroad Adniinistration: Alaska Railroad --- -536 1,549 High-speed ground transportation research and development 20,097 32,993 Grants to National Railroad Passenger Corporation 77,875 105,800 Other --- - 9,630 17,511
Urban Mass Transportation Administration: Urban mass transportation fund - -'- 231,674 415,018 Salaries and expenses -- 382 6
Saint Lawrence Seaway Development Corporation . —4,128 —4,221 National Transportation Safety Board 6,901 7,366 Proprietary receipts from the pubhc i . —21,897 —24,018 Intrabudgetary transactions.- .-- -902,337 -73,397
Total Transportation Department - 7,531,295 8,183,072
Treasury Department: OflQce of the Secretary:
Pubhc enterprise funds - . . -838 -739 Salaries and expenses 11,275 15,701 Federal Law Enforcement Training Center, construction. 2,361 1,524 Other .--- - . 1,133 1,731
Bureau of Accounts: Salaries and expenses 72,614 62,407 Claims, judgments, and rehef acts 64,960 86,835 Interest on uninvested funds 5,923 6,462 Payments of Government losses in shipment . 768 293 Eisenhower College grants '. 1,688 72 Other -- .- . 19 21
Total Bureau of Accounts 145,972 156,090
Bureau of Alcohol, Tobacco and Firearms - 70,052 U.S, Customs Service:
Salaries and expenses --- . 180,523 204,855 Intragovernmental funds . . . . Other - --- -- 82,788 86,298
Bureau of Engraving and Printing: Intragovernmental funds - - - 1,153 —1,352 Other.- .13 82
Bureau of the Mint: Salaries and expenses 29,275 21,099 Other ---- 2,165 1,436
Bureau of the Pubhc Debt . . . . 69,388 72,465
Internal Revenue Service: Salaries and expenses -.- 30,994 " 34,365 Accounts, Collection and Taxpayer Service 446,123 513,377 Compliance - - 613,279 597,869 Interest on refunds of taxes 182,393 175,437 Payments to Puerto Rico for taxes collected 1: 101,493 109,467 Federal tax hen revolving fund--- - —224 —16
Total Internal Revenue Service 1,374,058 1,430,498
OflQce of the Treasurer: Salaries and expenses.-- 10,147 10,824 Check forgerv insurance fund —135 8
U.S. Secret Service 55,585 67,840 Oflice ofthe Comptroller of the Currency -4,010 -6,069 General revenue sharing 6, 636,369
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 3 1
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued Treasury Department—Continued
Interest on the public debt (accrual basis): Public issues 17,077,687 18,967,267 Specialissues 4,771,120 5,200,226
Total interest on the public debt - 21,848,807 24,167,493
Proprietary receipts from the pubhc -467,800 -578,122 Interest and dividends from Export-Import Bank of the United States • —95,073 Receipts from off-budget Federal agencies —123,406 Intrabudgetary transactions -1,122,779 -1,251,700
Total Treasury Department 22,124,008 30,982,977
Atomic Energy Commission 2,391,960 2,393,008
Environmental Protection Agency: Revolving fund for certification and other services —49 209 Other -- 762,950 1,113,455
General Services Administration: Real property activities:
Intragovernmental funds -3 ,052 -14,967 Construction, public buildings projects 108,752 174,161 Operating expenses, pubhc buildings service 418,079 475,824 Repair and improvement ofpublic buildings 88,168 75,791 Sites and expenses, pubhc buildings projects 25,513 23,829 Other . 8,427 9,643
Total real property activities 645,886 744,281
Personal property activities: Intragovernmental funds —55,583 35,244 Other 89,047 92,969
Records activities: National Archives t rust fund —873 — 1,135 Other 29,071 32,352
Automated data and telecommunications activities 8, 635 —692 Property management and disposal activities:
General activities: Pubhc enterprise funds - -1 ,081 -1 ,014 Intragovernmental funds — 1,357 — 1,656 Other -- 1,539 3,123
Proprietary receipts from the public —146,920 —496,087 Intrabudgetary transactions - —10,304 — 697
Total General Services Administration 589,016 438,124
National Aeronautics and Space Administration 3,421,730 3,311,000
Veterans Administration: Public enterprise funds:
Direct loan revolving fund . -245,838 -241,122 Loan guaranty revolving fund —54,057 —148,783 Other - ---- -85,038 -61,666
Compensation, pensions, and benefit programs - - - 8,061,052 9,295,715 Medical care 2,228,900 2,512,316 Benefits, refunds, and dividends:
Government life insurance fund 81, 213 66, 253 National service hfe insurance fund 720,074 518,896 Other 495,549 525,627
Proprietary receipts from the public: " \ Government life insurance fund —8, 630 —7,963 National service life insurance fund —478,114 -486,697 Other - -2 ,159 -1 ,996
Intrabudgetary transactions: Paynients to veterans life insurance funds:'
Government life insurance fund —49 —50 National service life insurance fund —2,435 —2,379
Total Veterans Administration ..--,- 10,710,469 11,968,152
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
32 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[In thousands of dollars]
1972 1973
OUTLAYS—Continued Other independent agencies:
Action -- -. 128,886 152,164 Administrative Conference of the United States 418 364 American Battle Monuments Commission . . 3,367 3,422 Arms Control and Disarmament Agency 9,002 8,685 Cabinet Committee on Opportunities for Spanish-Speaking People 862 930 Central Intehigence Agency, construction 10 Civil Aeronautics Board:
Paymentsto air carriers 62,977 72,223 Salaries and expenses 13, 215 14,325 Proprietary receipts from the public —104 —132
Civil Service Commission: Paymentto civil service retirement and disability fund. 1,161,416 1,760,481 Government payment for annuitants, employees health benefits 109,568 137,608 Civil service retirement and disability fund - 3,777,847 4,523, 296 Employees health beneflts fund . - -54,089 19,262 Employees life insurance fund - -116,113 -151,057 Retired employees health beneflts fund —1,663 —1,767 Federal Labor Relations Council 659 622 Other 60,290 79,964 Proprietary receipts from the public —6 —1,224 Intrabudgetary transactions:
Civil service retirement and disability fund: Receipts transferred to foreign service retirement and disability fund. —3,628 —5,541 Generalfund contributions --- -1,161,416 -1,760,480
Total Civil Service Commission - 3,772,865 4,601,163
Commission of Fine Arts - 128 144 Commission on Civil Rights.. . . . . . . -- 3,637 4,624 Conmiittee for Purchase of Products and Services of the Bhnd and Other
Severely Handicapped . 3 140 Consumer Product Safety '. 20 Corporation for Pubhc Broadcasting -- 35,000 35,000 District of Columbia:
Federal payment . 177,740 185,574 Loans and repayable advances . - . . 137,218 123,871
Pubhc enterprise funds -303 -120 Proprietary receipts from the public -- —2 —2
Federal Communications Commission . . . - 28,498 —21,890 Federal Deposit Insurance Corporation -432,780 -538,177 Federal Field Comniittee for Development Planning in Alaska 48 (*) Federal Home Loan Bank Board:
Public enterprise funds: Federal Savings and Loan Insurance Corporation fund'. —148,826 —255,119 Other - . . -2,071 2,702
Interest adjustment payments . 2,988 Federal Maritime Commission 5,151 5,357 Federal Mediation and Conciliation Service.. . - - 10, Oil 10, 641 Federal Metal and Nonmetalhc Mine Safety Board of Review 47 37 Federal Power Conimission . 21,347 22,460 Federal Trade Commission -- 24,642 26,699 Foreign Claims Settlement Conimission - - 631 768 Historical and Memorial Commissions 656 1,963 Indian Claims Commission 1,044 1, 060 Intergovernmental agencies:
Advisory Commission on Intergovernmental Relations. 741 956 Appalachian Regional Commission:
Salaries, expenses, and other -- 1,480 2,712 Intrabudgetary transactions —1,089 — 1,401
Delaware River Basin Commission 246 283 Interstate Commission on the Potomac River Basin 20 34 Susquehanna River Basin Commission - - 116 221 Washington Metropohtan Area Transit Authority 83,995 75,825
International Radio Broadcasting 32,000 38,520 Interstate Commerce Commission 59,678 44,283
See footnotes a t end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 33
T A B L E 4.—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
[ In thonsnnds of dollars]
1972 197c
OUTLAYS—Continued
Other independent agencies—Continued National Capital Planning Commission -- 981 1,302 National Commission on Libraries and Information Science 92 277 National Council on Indian Opportunity 300 218 National Credit Union Adniinistration:
National Foundatioii on the Arts and the Humanities 44,022 66,934 National Labor Relations Board 47,320 48,275 National Mediation Board 2,440 2,814 National Science Foundation - 566,035 582,929 Occupational Safety and Health Review Commission 837 3,934 U.S. Postal Service --- 1,772,326 1,566,719 President's Council on Youth Opportunity 81 6
Railroad Retirement Board: Paynient for mihtary service credits 20,757 21,645 Railroad retirement accounts:
Administrative expenses 19,721 20,332 Benefit payments, etc : . - - -- 2,107,479 2,419,033 Interest on refunds of taxes -- 7 18 Payment to railroad unemployment insurance account 11,888 5,572
Proprietary receipts from the public - -- . —1 —1 Intrabudgetary transactions:
Railroad retirement accounts: Payment for mihtary service credits —20,757 —21,645
Payment from railroad retirement supplemental receipts transferred to railroad unemployment insurance account -- - - . —11,888 —5,572
Interest on advances to railroad unemployment insurance account —3,717 —2.245
Total Railroad Retirement Board 2,123,489 2,437,138
Renegotiation Board..... '.- -- 4,677 4,719 Securities and Exchange Commission 25,883 29,850 Selective Service Systeni 74,846 78,974
Sniall Business Administration: Pubhc enterprise funds:
Business loan and investnient fund 142,073 153,437 Disaster loan fund 289,207 1,145,623 Lease guarantees revolving fund —744 —1,771
Other - - 21,095 19,39i Proprietary receipts from the pubhc —16 —11 Intrabudgetary transactions - (*)
Total Sniall Business Administration .- 451,616 1,316,670
Smithsonian Institution . 57,915 70,544 Subversive Activities Control Board 421 338 Tariff Commission 5,126 5,579 Temporary Study Commissions 10,831 10,712
Tennessee Valley Authority: Tennessee Valley Authority fund 448,153 367,490
Proprietary receipts from the pubhc —130 —26
Total Tennessee Valley Authority 448,023 367,464
U.S. Information Agency: Salaries and expenses 190,905 198,529 Constrnction of radio facihties 3,218 2,388 Other 4,191 5,607 Proprietary receipts from the pubhc -418 —411
Total U.S. Information Agency -Water Resources Council:
Planning expenses and o ther— - - -Intrabudgetary transactions
Total other independent agencies
197,896
6,228 -1,333
' 9,918,552
206,113
7,732 -1,809
11,445,516
See footnotes a t end of table.
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34 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 4,—Budget receipts and outlays, fiscal years 1972 and 1973—Continued
The judiciary: Judicial survivors annuity fund - - —707 —743
Health, Education, and Welfare Department: Federal old-age and survivors insurance trust fund . . . —579,000 —615,000 Federal disabihty insurance trust fund 1 —78,000 —80,000 Federal hospital insurance trust fund —85,000 —121,000
State Department: Foreign service retirement and disability fund —8,128 —8,802
Other independent agencies: Civil Service Comniission:
Civil service retirement and disability fund '. -2,017,590 -2,101,029
Subtotal---- -- -2,768,449 -2,926,604
Interest credited to certaiii Government accounts: The judiciary:
Judicial survivors annuity fund . —302 —360 Defense Departnient:
Civil: Soldiers' and Airmen's Home permanent fund —3,207 —3,101
Health, Education, and Welfare Department: Federal old-age and survivors insurance tmst fund -1,718,114 -1,847,842 Federal disabihty insurance trust fund ' -388,438 -434,739 Federal hospital insurance tmst fund . —189,756 —197,689 Federal supplementary medical insurance trust fund —28,942 —43,070
Interior Department: Indian tribal funds -8,369 -18,295
Labor Department: Unemployment trust fund -496,121 -487,330
State Departnient: Foreign service retirement and disability fund ^ . . . —2,806 —2,986
Transportation Department: Highway trust fund -205,630 -246,740
Veterans' Administration: Government hfe insurance fund —31,614 . —31,053 National service life insurance fund -292,242 -308,959
Civil Service Commission: Civil service retirement and disabihty fund —1,464,486 —1,566,219
Total undistributed intrabudgetary transactions —7,857,514 —8,378,261
Total outlays 231,875,854 246,525,985'
Budget surplus, or deflcit ( - ) -23,227,295 -14,300,514
•Less than $500. ' Revised, 1 Pursuant to Pubhc Law 93-32, dated May 11,1973, most outlays ofthe Rural Electriflcation Administra
tion including the Rural Telephone Bank were classified outside the unified budget totals. Transactions are included in budget outlays through the close of business May 11, 1973. Administrative expenses financed by general fund appropriations will continue to be reflected in budget totals.
2 Pursuant to Public Law 92-126, dated Aug. 17,1971, receipts and outlays for the Export-Import Bank of the United States were reclassified outside the unified budget totals. Amounts represent Export-Import Bank of the United States transactions through the close of business Aug. 16, 1971.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 3 5
TABLE 5.—Means of financing, fiscal years 1972 and 1973
[In thousands of dollars. On basis of "Monthly Statenient of Receipts and Outlays of the United States Governnient," see "Bases of Tables"]
Classification 1972 1973 (Assets and habihties directly related to the
budget) Net Closing Net Closing transactions balances transactions balances
Total asset accounts... 2,819,490 19,245,348 1,704,145 20,949,492
Excessof habihties (-}-) or assets ( - ) . . . -1-21,930,240 -f 324,098,582 +14,508,571 -f 338,607,152 Add: Transactions not apphed to current year's
surplus or deflcit 1,297,056 -208,057 -208,057
Total budget financing [financing of deficit (+) or disposition of surplus(-)] . . .+23,227,295 +324,098,582 +14,300,514 +338,399,095
1 See tables 6 and 20. •
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 3 7
TABLE 6.—Investments of Government accounts in Federal securities {net) fiscal years 1972 and 1973
[Amounts represent publ ic deb t securities unless s ta ted otherwise. P a r value. I n thousands of dollars-On basis of " M o n t h l y Sta tenient of Receipts and Out lays of the Un i t ed States G o v e r n m e n t , " see "Bases of Tab les" ]
Agency 1972 1973
Federa l funds: Agricul ture D e p a r t m e n t :
Agency securities - 6 , 0 0 2 - 6 , 0 0 0 Commerce D e p a r t m e n t 10,285 9,750 Housing a n d U r b a n Deve lopmen t D e p a r t m e n t :
C o m m u n i t y deve lopment p lanning a n d m a n a g e m e n t : N e w communi t ies guarantee fund 2,602 3,511
Federa l Housing Admin is t ra t ion : Federa l Housing Admin i s t r a t i on fund:
P u b h c deb t securities Agency securities
Housing management -C o m m u n i t y disposal operat ions fund Ren t a l housing assistance fund
Gove rnmen t Na t iona l Mortgage Association: Par t ic ipa t ion sales fund:
P u b h c deb t securities Agency securities
Guaran tees of mortgage-backed securities Management and l iquidat ing functions fund:
Agency securities . Special assistance functions fund:
Agency securities Federal Insurance Adni in is t ra t ion:
Na t iona l insurance developnient fund Treasury D e p a r t n i e n t Veterans Admin i s t ra t ion :
Veterans reopened insurance fund Veterans special life insurance fund Servicemen's group life insurance fund
Other independen t agencies: Emergency Loan Guaran tee Board Federal Savings and Loan Insurance Corporat ion:
P u b h c deb t securities Agency securities -
Na t iona l (Credit Union Admin i s t ra t ion : Na t iona l credit un ion share fund
Un i t ed States Pos ta l Service: P u b h c deb t securities Agency securities - -
Other --
T o t a l publ ic deb t securities - 2,561,023 873,262
Tota l agency secur i t ies . - - - 174,284 -103,544
To ta l Federa l funds - - . . . 2,735,306 769,719
T r u s t funds: Legislative b ranch :
L ib ra ry of Congress - - . - —20 —11 U n i t e d States T a x Cour t - 49 48
T h e judiciary: Judic ia l survivors a n n u i t y fund 895 915
Agricul ture D e p a r t m e n t - . . . —1,158 —64 Commerce D e p a r t m e n t - 25 —40 Defense D e p a r t m e n t - - . —71 65 l i e a l t h . Educa t ion , a n d Welfare D e p a r t m e n t :
Federa l old-age a n d survivors insurance t rus t fund: P u b h c deb t securities 1,877,346 2,298,046 Agency securities - - . - —50,000
Federa l d i sab ih ty Insurance t rus t fund: Pub l i c deb t securities - -- 983,898 791,.575 Agency securities - - - —50,000
Federa l hospi tal insurance t rus t fund: Pub l i c deb t securities -145,898 1,338,407 Agency securities - . - - - -
Federal supp lemen ta ry medical insurance t rus t fund 220,648 221,556 Other - - - , -- - 9 7
115,514 -6,549
42 2,272
-295,193 93,475 2,776
-2,357
-8, 694
854 1,196,455
31,207 27,998 11,361
1,085
147,642
9,912
1,265,811 104,410 30,400
40,006 -9,029
-154 5,828
277,167 21,650 4,661
-2,316
-6,839
5,826 347,464
32,787 31,610
-11,361
3,230
258,192 -1,600
10,904
-180,898 -99,410 34,740
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
38 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 6,—Investments of Government accounts in Federal securities {net) fiscal years 1972 and 1973—Contmued
[In thousands of dollars]
Agency 1973
Trust funds—Continued Interior Department:
Pubhc debt securities -Agency securities
Labor Department: Unemployment trust fund:
Pubhc debt securities.. Agency securities
Other State Department:
Foreign service retirement and disability fund... Other
Transportatioii Department: Highway trust fund Other
Treasury Departnient General Services Adniinistration Veterans Administration:
Government life insurance fund National service life insurance fund:
Public debt securities Agency securities
General Post Fund National Homes Other independent agencies:
Civil Service Commission: Civil service retirement and disability fund:
Pubhc debt securities Agency securities
Employees health benefits fund Employees hfe insurance fund Retired employees health benefits fund
Federal Deposit Insurance Corporation . Railroad Retirement Board
Total pubhc debt securities. Total agency securities
Total trust funds.
Off-budget Federal agencies: Rural Telephone Bank
Total off-budget Federal agencies
Grand^total . -
MEMORANDUM
Investments in securities of privately owned Government-sponsored enterprises:
Milk market orders assessment fund
-24,685 -1,000 .
-1,328,370 -100,000 .
- 9
6,108
821,513 - 3
4,070 -527
-41,618
87,194 -25,000 .
- 1 .
3,040,753 -100,000 .
60,205 118,852
2,961 437,838
-110,078
Total-
-173 .
-173 .
1,144,212
5,993 60
1,093,670 -10
5, 985 1,325
-26, 895
272,281
3,197,590
"'-17,'546 151,656
5,300 537,323 24,125
6,009,916 -326,000 ..
11,045,464
5,683,916
518
518
8,419,740
11,045,464
6,451
6,451
11,821,634
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T A B L E 7,—Receipts hy departments and agencies, fiscal year 1973
[On basis of " C o m b i n e d S t a t e m e n t of Receipts , Expend i tu re s and Balances o f t h e U n i t e d Sta tes G o v e r n m e n t " ]
D e p a r t m e n t or agency B u d g e t receipts P ropr i e t a iy
receipts from t h e publ ic
I n t r a b u d g e t a r y
In ter fund, deduc ted b y
agency
In ter fund, no t deduc ted
b y agency
• Receipts from off-budget
Federa l agencies
T o t a l receipts offset against
ou t lays
Legis la t ive b r a n c h $4,598,832 T h e jud ic ia ry . - 34,376,963 Execu t ive Office of t h e Pres iden t - --F u n d s app rop r i a t ed to t h e P res iden t :
I n t e r n a t i o n a l secur i ty assistance --In t e rna t iona l deve lopment assistance - - —397,912 O t h e r . - - - . . . 1,026,058
Agr icu l tu re D e p a r t m e n t —10,365,731 C o m m e r c e D e p a r t m e n t 26,588,724 Defense D e p a r t m e n t :
Mih ta ry 31,609,645 C i v i l . . . - - - - 8,245,216
l i e a l t h , Educa t i on , a n d Welfare D e p a r t m e n t 55,114, 622,942 H o u s i n g and U r b a n D e v e l o p m e n t D e p a r t m e n t - - 798,885 I n t e r i o r D e p a r t m e n t 26,928,064 Jus t ice D e p a r t m e n t - - . - - . . - 28,207,717 L a b o r D e p a r t m e n t - - 6,055,765,515 S ta te D e p a r t m e n t - -- 50,145,723 T r a n s p o r t a t i o n D e p a r t m e n t --- 6,429,205,870 T r e a s u r y D e p a r t m e n t - - - - - - - 160,996,932,390 Atomic E n e r g y Commiss ion - —72,045 E n v i r o n m e n t a l Pro tec t ion Agency 3,524,785 Gene ra l Services Admin i s t r a t i on 829,994 N a t i o n a l Aeronau t ics a n d Space Admin i s t r a t ion 13,833,879 Ve te rans Admin i s t r a t i on 4,360,260 Othe r i n d e p e n d e n t agencies —. 3,404,705,884
$14, 944, 672 6,913, 254 .
27,648 .
1,819,220,993 . 319,763,342 .
152,761 . 843,367,030 .
45,120,091
105,424, 293 74, 438, 077 26, 736,565
235,487 . 4,712,519,613
2,114,541 . 1,303,381 5,136,620
24,017,543 578,121,883
475,019 . 82,927 .
496, 086,922 13,390,902 ,
496,655,482 117, 824, 072
$457,239 $256,804 1,102,995 .
22,011,513 .
7, 973,005 20, 916, 713
3,187, 967,587
45,129 3,100, 770 .
3,339,346,292 .
108,302,893 19, 524,718
147, 497,727 14,803,448 73,397, 000
9, 546,370,271
487,333,725 11,793,589 .
246,740,126 . 24,986 $123,405,922
696,856 38,370 .
2,428,475 1, 798, 693,308
340,098,910 . 3,928,854,225 .
$15, 658, 715 8,016, 249
27,648
1,819, 220,993 319,763,342
152,761 843, 367,030
67,131,604
113, 442,428 98,455,560
6, 554, 050,444 235, 487
4,840,347,224 2,114,541
636,134, 833 31, 733,657
344,154,669 10, 247,923,061
475,019 82,927
496, 822,148 13,390,902
839,182,866 5,845, 371,605
U2
> HH W
h-l o >
>
T o t a l 232,225,471,658 9, 704, 073,117 14,931, 516,034 8, 378,260,641 123,405, 922 33,137, 255, 715
CO CO
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O
TABLE 8,—Budget receipts and outlays monthly and total for fiscal years 1972 and 1973
[In mi lhons of dollars. On basis of " M o n t h l y S t a t e m e n t of Receipts a n d Out l ays o f t h e U n i t e d Sta tes G o v e r n m e n t , " see " B a s e s of Tab le s " ] CD
Receip ts and ou t lays J u l y Augus t Sep tem- October N o v e m ber ber
Decem- J a n u a r y Feb ru -ber a ry
March Apr i l May J u n e T o t a l 1973
To ta l 1972
o
O
w o
>
o
»
> d S3
N E T R E C E I P T S
I n d i v i d u a l income taxes 7,365 8,380 11,005 7,596 Corpora t ion income taxes 1,071 666 4,965 965 Social insurance taxes a n d contr i
b u t i o n s : E m p l o y m e n t taxes a n d con t r ibu
t ions 3,728 5,367 3,674 3,239 U n e m p l o y m e n t insurance 260 1,175 62 209 Con t r i bu t i ons for o ther insurance
a n d re t i r ement 289 307 301 311 Excise taxes 1,442 1,351 1,327 1,387 E s t a t e and gift taxes-1 334 423 316 409 C u s t o m s 237 278 237 281 Miscellaneous 492 266 296 343
To ta l receipts th i s year 15,207 18,213 22,183 14,738
Total receipts prior year 13,221 15,641 19,719 12,450
O U T L A Y S
Legislat ive b ranch 35 48 37 39 T h e jud ic ia ry- . 13 . 13 14 15 Execu t ive OflQce o f t h e Pres iden t 6 6 5 4 F u n d s appropr i a t ed tb t h e Presi
d e n t : In t e rna t iona l securi ty ass i s tance- . —170 80 61 88 In t e rna t iona l deve lopment assist
ance 74 90 72 97 Othe r - 88 128 124 116
Agr icul ture D e p a r t m e n t : Foreigii assistance, special export
p rograms a n d C o m m o d i t y Cred i t Corpora t ion - 2,433 831 177 520
Other - - 256 700 224 562 Commerce D e p a r t m e n t 89 147 103 115
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Defense Department Mihtary:
Departnient of the Army. 1,391 1,259 1,551 1,707 1,815 Department of the Navy 1,381 1,870 1,459 1,861 1,937 Department of the Air Force.-.. 1,948 2, Oil 1,808 1,968 1,873 Defense agencies 469 717 378 524 620 Civil defense 3 . 6 8 6 6
Total military 5,193 5,662 6,204 6,066 6,250
Civil 109 140 185 186 162~ Health, Education, and Welfare
Department: Social and Rehabihtation Sei-vice. 1,051 1,045 1,167 1,585 1,008 Federal old-age and survivors in
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T A B L E 8.—Budget receipts and outlays monthly and total for fiscal years 1972 and 1973—Continued
[ I n m i l l i o n s of d o l l a r s ]
Receipts and out lays J u l y Augus t Septem- October N o v e m - Decem- J a n u a r y Febru- March Apr i l May J u n e T o t a l To ta l ber ber ber a ry 1973 1972
O U T L A Y S — C o n t i n u e d
Veterans Admin i s t r a t ion : Compensat ion , pension, and bene
fit programs 612 644 610 703 1,034 844 807 825 851 847 814 703 9,296 8,061 Gove rnmen t hfe insurance f u n d . . . 5 5 4 4 5 6 6 6 6 6 9 5 66 81 Nat iona l service life insurance
Other i ndependen t agencies: Civil Service Commiss ion . . 329 372 373 . 371 390 390 370 383 369 400 386 468 4,601 3,773 Expor t - Impor t B a n k of the
Un i t ed States 39 U .S . Pos ta l Service - 5 9 189 49 54 99 - 2 4 3 499 181 232 124 150 292 1,567 1,772 Smah Business Admin i s t r a t ion .29 170 208 46 97 188 233 83 136 53 22 52 1,317 452 Tennessee Valley A u t h o r i t y 12 34 41 59 39 45 - 6 16 5 45 24 53 367 448 Other . . . . . 285 430 309 285 282 332 372 - 3 5 350 347 332 304 3,594 3,435
Und i s t r i bu t ed i n t r a b u d g e t a r y t r ans actions:
Federa l employer cont r ibu t ions to re t i rement f u n d . . . . . . . . . . . . - 2 2 8 - 2 4 9 - 2 3 8 - 2 2 9 - 2 2 3 - 2 0 8 - 2 7 9 - 2 5 1 - 2 6 4 - 2 4 8 - 2 6 0 - 2 5 0 - 2 , 9 2 7 - 2 , 7 6 8
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 9.—Budget receipts by sources and outlays by functions, fiscal years 1964-73
[In mi lhons of dohars . On basis of 1974 budge t documen t , released Jan , 29, 1973]
Receipts and out lays 1964 1965 1966 1967 1968 1969 1970 1971
R E C E I P T S
I n d i v i d u a l income taxes 48,697 48,792 55,446 61,526 68,726 87,249 90,412 86,230 Corporat ion income taxes - 23,493 25,461 30,073 33,971 28,665 36,678 32,829 26,785
Social insurance taxes and cont r ibu t ions ( t rus t funds) : E m p l o y m e n t taxes a n d cont r ibu t ions - 16,366 16,723 19,979 27,046 28,409 33,351 .38,214 40,719 Rai l road r e t i r e m e n t . . . . 593 636 683 776 814 885 919 980 U n e m p l o y m e n t insurance 4,045 3,819 3,777 3,659 3,346 3,328 3,464 3,674 Con t r ibu t ions for o ther insurance a n d re t i rement :
Supp lemen ta ry medical insurance -. 647 698 '903 936 1,253 E m p l o y e e s ' r e t i r e m e n t , employee cont r ibu t ions 993 1,065 1,111 1,201 1,334 1,426 1,735 1,916 Other re t i rement cont r ibu t ions 15 16 18 19 20 24 29 37
To ta l social insurance taxes and cont r ibut ions 22,012 22,258 25,567 33,349 34j622 39,918 45,298 48,578
Excise taxes: Federa l funds:
Alcohol - 3,499 3,689 3,720 3,980 4,189 4,482 4,610 4,696 Tobacco 2,048 2,142 2,066 2,077 2,121 2,136 2,093 2,205 O t h e r . - - 4,664 5,081 3,358 3,221 3,390 3,967 3,649 3,609
To ta l Federa l excise taxes
T r u s t funds: H i g h w a y Airpor t and a i rway
To ta l t r u s t excise taxes
To ta l excise taxes
E s t a t e and gift taxes Cus toms dut ies . . . Miscehaneous receipts 2 _
To ta l budge t receipts
See f o o t n o t e s a t e n d of t a b l e .
1972 1973 1
94,737 32,166
r 45,112 1,008 4,357
1,340 2,058
39
53,914
'•5,004 r 2,205 r 2,297
103,246 36,153
53,687 1,189 6,051
1,427 2,146
41
64,542
5,150 2,277 2,410
10, 211
3,519
3,519
13,731
2,394 1,252 1,084
112,662
10,911
3,659
3,659
14,570
2,716 1,442 1,594
116,833
9,145
3,917
3,917
13,062
3,066 1,767 1,875
130,856
9,278
4,441
4,441
13,719
2,978 1,901 2,108
149,552
9,700
4,379
4,379
14,079
3,051 2,038 2,491
153,671
10,585
4,637
4,637
15,222
3,491 2,319 2,908
187,784
10,352
5,354
5,354
15,705
3,644 2,430 3,424
193,743
10,510
5,542 563
6,104
16,614
3,735 2,591 3,858
188,392
9,508
• 5,322 649
5,971
15,477
5,436 3,286 3,633
208,649
9,836
5,665 758
6,423
16, 260
4,917 3,188 3.921
232,225
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T A B L E 9,—Budget receipts by sources and outlays by functions, fiscal years 1964-73—^^Continued
[ In millions of dollars]
Receipts and outlays S3
O S3
O
O U T L A Y S
Nat iona l defense: D e p a r t m e n t of .Defense—mihtary 3 Mih ta ry assistance 3 A tomic energy 3 Defense-related act ivi t ies
Deduc t ions for offsetting receipts * . . .
T o t a l nat ional defense
In te rna t iona l affairs and finance: C o n d u c t of foreign affairs 3 Economic and financial assistance Foreign inforniation and exchange ac t iv i t ies . Food for Peace
Deduc t ions for offsetting receipts ^ . .
To ta l in te rna t iona l affairs a n d finance...
Space research and technology: Manned space flight - - . Space science and apphca t ion Space technology -Aircraft technology Suppor t ing space activit ies
Deduc t ions for offsetting receipts -
To ta l space research and technology
Agricultm'e a n d iniral deve lopment : F a r m income stabil izat ion R u r a l housing a n d p u b h c facilities Agricul tura l l and a n d wa te r resources Research and other agr icul tural services
Deduc t ions for offsetting receipts . - . .
To ta l agricul ture a n d rura l deve lopmen t
49,577 1,209 2,764
172 - 1 3 0
45,973 1,125 2,625
136 - 2 8 1
54,178 1,003 2,403
- 6 2 - 7 3 8
67,457 858
2,264 - 1 7
- 4 8 1
77,373 654
2,466 139
- 1 1 6
77,872 789
2,450 260
- 1 3 8
77,150 731
2,453 79
- 1 1 8
74,546 999
2,275 - 7 0 - 8 9
-• 75,151 '•806
2,392 95
' • - 1 0 8
73,410 2,350 2,393
184 - 2 , 3 1 2
53,591
296 1,756 207
2,049 -191
4,117
2,768 754 432 40 178 -1
4,170
4,134 ••513
325 440
' -228
5,184
49,578
347 2,041 223
1,852 -123
4,340
3,538 751 484 58 262 - 2
5,091
3,667 '569 342 483
'-257
'• 4,805
56,785
315 2,329 227
1,784 -165
4,490
4,210 778 435 75 435 - 1
5,933
2,536 '468 347 528
'-203
' 3,676
70,081
336 3,057 245
1,452 .-542
4,547
3,649 796 440 89 452 - 2
5,423
3,167 '511 353 567
'-224
4,373
80,517
354 3,053 253
1,204 -245
4,619
3,096 700 410 128 390 - 3
4,721
4,542 '678 351 615
'-246
5,940
81,232
371 2,420 237 975
-217
3,785
2,781 569 344 168 390 - 6
4,247
5,000 '490 343 642
'-258
6,218
80,295
398 2,231 235 937
-232
3,570
2,209 656 328 188 374 - 6
3,749
4,589 '754 344 730
' -216
6,201
77,661
405 1,807 242 918
-276
3,095
1,885 661 272 210 365 -11
3,381
3,651 '503 346 813
'-217
5,096
' 78,338
'452 ' 2,287 '274 993
'-280
'3,726
1,740 890 228 227 349 -13
3,422
' 5,146 '877 '354 916
'-230
'7,063
76,027
490 2,155 295 895
-652
3,182
1,537 1,063 166 242 318 -13
3,311
4,699 226 356 955
-184
8,051
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N a t u r a l resources a n d env i ronmen t : Water resources and power . . . . 1,703 1,761 1,940 2,025 ' 2 ,070 ' 2 ,042 ' 1 ,984 ' 2 ,390 2,664 2,873 L a n d m a n a g e m e n t 459 509 556 618 639 643 754 837 892 949 Mineral resources . . . - 46 59 62 73 85 71 94 130 112 93 Pol lu t ion control a n d a b a t e m e n t 3 . . . . 117 134 158 190 249 303 350 701 763 1,114 Recreat ional resources . . . 202 215 241 285 331 372 370 479 524 570 Othe r na tu ra l resources p r o g r a m s . . . 70 79 90 93 102 107 122 136 152 168
T o t a l na tu ra l resources and env i ronmen t 1,986 2,056 2,036 1,878 1,722 2,189 2,568 2,716 ' 3 , 7 6 1 558
Commerce a n d t ranspor ta t ion : Air t r anspor ta t ion 3 835 875 879 945 951 1,042 1,223 1,60-2 ' 1 ,685 1,995 Water ti-ansportation 658 728 708 ' 7 7 3 ' 852 ' 870 ' 909 ' 1 ,049 ' 1 ,106 1,234 G r o u n d t r anspor ta t ion . 3,686 4,092 4,043 4,093 4,367 4,413 4,632 5,070 ' 5 ,210 5,518 Pos ta l servicn, 578 805 888 1,141 1,080 920 ^1,510 2,183 ' 1 ,772 1,587 Advanc»^ment of business 252 405 351 332 447 152 487 738 ' 645 1,468 Area and regional deve lopment 538 557 315 318 472 584 590 717 818 983 Regula t ion of business 91 98 99 '119 ' 9 9 ' 108 120 181 '168 166
D e d u c t i o n s for oftsetting receipts 4 - 1 2 8 - 1 6 0 - 1 1 2 ' - 1 2 7 - 1 7 3 ' - 1 7 0 ' - 1 6 2 ' - 2 3 0 ' - 2 0 3 - 4 1 2
To ta l commerce and t ranspor ta t ion 6,511 7,399 7,171 7,594 8,094 7,921 9,310 11,310 '11 ,201 12,520
C o m m u n i t y p lann ing , m a n a g e m e n t , and d e v e l o p m e n t . . 320 460 721 1,023 1,277 1,509 2,171 2,486 ' 2 ,878 Low and modera t e income housing aids 37 81 391 478 948 871 1,280 1,243 ' 1 ,595 Main tenance of the housing mortgage m a r k e t - 5 1 1 - 2 3 7 1,545 1,133 1,863 - 4 0 6 - 4 8 7 - 3 1 9 ' - 1 9 1
To ta l c o m m u n i t y developnient and housing - 1 8 5 288 2,644 2,618 4,076 1,961 2,965 3,357 ' 4 ,282
Educa t ion and manpower : E l e m e n t a r y and secondary educat ion 566 645 1,804 ' 2 , 4 4 1 ' 2 ,596 ' 2 , 4 8 1 2,968 3,164 ' 3 ,490 3,300 Higher educat ion 383 414 705 1,159 ' 1 , 3 9 2 ' 1 , 2 3 1 ' 1 , 3 8 2 ' 1 ,429 ' 1 , 434 1,511 Vocational educat ion . . . . . 41 132 136 250 265 282 289 415 521 624 Educa t iona l revenue sharing ' 52 Manpower t ra in ing and e m p l o y m e n t services 299 534 989 1,236 1,587 1,560 1,602 ' 1 ,952 '2 ,894 3,719 General science 310 309 368 415 449 490 464 522 567 583 Other educat ion aids 110 158 155 264 334 373 429 534 '541 687 Othe r m a n p o w e r aids . . 49 100 112 100 132 142 169 223 ' 318 356
D e d u c t i o n s for offsetting receipts - 5 - 9 - 1 1 ' - 1 4 - 1 8 - 1 3 ' - 1 5 ' - 1 3 - 1 3 - 1 2
T o t a l educat ion a n d m a n p o w e r 1,751 2,284 4,258 5,853 6,739 8,525 7,289 '8 ,226 ' 9 , 7 5 1 10,821
2,892 1,447 - 1 7 7
(**) 4,162
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TABLE 9.—Budget receipts by sources and outlays by functions, fiscal years 1964-73—Continued [ I n m i l l i o n s of d o l l a r s ]
Receipts and ou t l ays 1964 1965 1966 1987 1968 1969 1970 1971 1972 19731
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OUTLAYS—Continued Health:
Development of health resources Providing or financing medical services 3 Prevention and control of health problems
Deductions for offsetting receipts ^
Total health.. . . .
Income secmity: Retirement and social insurance 3 Public assistance Social and individual services
Deductions for offsetting receipts ^
Total income security
Veterans benefits and services: Income security for veterans Veterans education, training, and rehabihtation Veterans housing Hospital and medical care for veterans Other veterans benefits and services
Deductions for offsetting receipts
Total veterans benefits and services...
Interest: Interest on the pubhc debt Interest on refunds of receipts Interest on uninvested funds
Deductions for offsetting receipts
Total interest
1,183 '393 161 -1
'1,023 '493 189 -1
' 1,140 ' 1,185
204 -1
' 1, 424 ' 4, 994
'252 -2
' 1 ,829 ' 7,516
'265 - 3
' 1, 920 ' 9 ,416
'277 - 2
' 2,122 r 10,484
'307 - 8
' 2, 221 a i , 9 2 8
319 - 3
' 2,479 ' 14, 245
' 3 9 1 ' - 3
3,107 18,860
320 - 1 , 8 6 5
1, 716
22, 234 3, 085 199
- . , -409
25,110
4,646 77 44
1, 231 185
-502
5, 681
10,666 88 11
-955
9, 810
1,704
22,530 3,119 249
-196
25,702
4,710 68
(*) 1,271 179
-497
5,722
11,346 77 12
-1,078
10,357
2,509
25,583 3,151 410
-109
29,016
4,700 54 169
1,320 196
-618
5,920
12,014 104 14
-846
11,285
8,667
27,351 3,180 892 -59 -
31,164
5,209 305 304
1,393 195
-509
6,897
13,391 120 13
-936
12,688
9,608
29,566 3,726 831 -16
34,108
4,997 478 210
1,472 218
-492
6,882
14,573 120 10
-959
13,744
11,611
32,540 4,272 888 -1
37,699
5,628 701 102
1,566 237
-493
7,640
16,588 120 7
-925
15,791
12,907
37, 275 5,188 1,331 -1
43,790
8,021 1,015
54 1,802 260
-477
8,877
19,304 113 6
-1,110
18,312
14,463
' 46,749 7,775 1,617 -1
' 56,140
6,448 1,659 -179 2,038 294
-484
9,778
20,959 132 6
-1,487
19, 609
'17,112
' 52,728 ' 9,313 ' 2, 838 ^-3
' 64,878
' 6, 833 ' 1, 960 '-317 2,428 318
-491
' 10,731
21,849 182 6
-1,455
20, 682
18,422
62,457 9,006 2,868
-1,524
72,807
7,079 2,752 -390 2,715 347
-499
12,004
24,167 175 6
-1,664
22,785
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General government: Legislative functions 126 142 159 167 180 192 229 258 311 333 Judicial functions 66 76 79 87 94 110 133 146 173 188 Executive direction and management 22 23 24 25 27 31 37 45 '88 88 Central fiscal operations 808 844 886 '989 1,024 1,094 1,271 1,414 1,647 1,729 General property and records management '578 '808 '585 '658 '591 '590 '619 '640 '725 905 Central personnel management 3 110 107 107 116 140 146 166 218 '275 2,080 Law enforcement and justice 335 366 386 428 452 534 668 959 1,233 1,665 National Capital region 58 61 73 87 '143 '205 '266 '276 450 438 Other general government 189 190 192 218 243 288 '273 '341 345 409
> ' Revised. 3 Entries net of offsetting receipts. H^J 1 Based on "Monthly Statement of Receipts and Outlays of the United States ^ Excludes offsetting receipts which have been distributed by subfunction above. hd
Govemment," *Less than $500,000, td 2 Includes both Federal funds and trust funds. **Minus less than $500,000. !z5
2,040
-1,256 -1,621
2,210
-1,329 -1,780
2,292
-1,447 -1,917
2,510
-1,861 -2,275
2,561
-1,825 -2,674 .
2,866
-2,018 -3,099
3,336
-2,444 -3,936
3,970
-2,811 -4,765
' 4,891
-2,788 -5,089
5,819
14,931 -8, 295
6,638
-2,927 —5,452
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
00
TABLE 10.—Internal revenue collections by tax sources, fiscal years 1946-73 *
[In thousands of dollars. As reported by Internal Revenue Service, see "Bases of Tables" and Note] CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
•Less than $500, ' Revised 1 For figures for 1863-1915, see 1929 Annual Report, p. 419; for 1916-28, see 1947 Annual
Report, p, 310; and for 1929-45, see 1963 Annual Report, p. 486. 2 Withheld income taxes and old-age insurance taxes on employees and employers
have been deposited in Treasury without separation as to type of tax since December 1950; since December 1956, disability insurance taxes, and since June 1965, hospital Insurance taxes have been deposited In the same way. For the same period'?, the old-age Insurance and disability insurance taxes on the self-employed have been combined with "Income taxes other." The distribution of amounts of these taxes by type is based on estimates made by the Secretary of the Treasury in accordance with provisions of sec. 2Gl(a) of the Social Security Act, as amended (42 U,S,C. 401(a)). ','Individual income taxes withheld" by employers, 1951-56, include amounts subsequently transferred to the Government of Guam, under the provisions of the act approved Aug. 1, 1950 (48 U,S.C, 1421h); since 1956 these amounts are excluded.
3 Beginning with 1952, includes the tax on business income of exempt organizations. Income tax on the Alaska Railroad was included until repealed, effective with taxable years ending after June 30, 1952.
* Beginning with 1954, includes taxes coUected in Puerto Rico upon products of Puerto Rican manufacture coming into the United States. Tobacco taxes "other" repealed effective Jan. 1,1966 (Public Law 89-44).
* Through 1956, "Distilled spirits" included amounts coUected by Customs on Imports of both distUled spirits and beer. Beginning with 1957, Imported beer is included with "Beer."
* Includes stamp taxes on issues, transfers, and sales of bonds, capital stock, and similar interest sales until repealed effective June 22. 1965 (Public Law 89-44) and taxes on silver bullion sales or transfers untU repealed effective June 5, 1963 (Public Law 88-36). Tax on foreign insurance policies (1 cent or 4 cents per $1 of premium) payable by return on and after Jan. 1, 1966 (Public Law 89-44 and Treasury Decision 6868). Deeds of conveyance, $100 to $500, 55 cents; each additional $500 or fraction thereof, 55 cents, repealed effective Jan. 1,1968 (Publio Law 89-44).
^ Passenger automobiles and light trucks repealed Dec. 11, 1971 (Revenue Act of 1971). Motorcycles repealed effective Sept, 1, 1955 (Public Law 379).
8 Parts and accessories for automobiles (except truck parts), repealed effective Jan. 1, 1966 (Public Law 89-44).
» Repealed, effective June 22,1965 (Public Law 89-44). 10 Air conditioners, repealed, effective May 15,1965; refrigerators and freezers, repealed
effective June 22,1965 (Public Law 89-44). 11 Includes manufacturers excise taxes on jewelry (1932, repealed by the Revenue Act
of 1936), furs (1932, repealed effective June 30, 1938), and toUet preparations (1939, repealed effective Oct. 1, 1941); beguming 1942 includes manufacturers excise taxes on phonograph records, musical instruments, and luggage, repealed effective June 22,1966 (Public Law 89-44), Also includes tax on electrical energy, repealed by Revenue Act of 1951.
12 Negative figure stems primarily from floor stock credits taken on certain taxes repealed by the Excise Tax Reduction Act of 1965.
13 Beginning with fiscal 1957, coUections are applied in accordance with provisions of the Highway Revenue Act of 1956, as amended (23 U.S,C, 120 note).
14 General and toll telephone and teletypewriter service reduced to 3 percent, effective
Jan. 1, 1966. Private communications service, telegraph service, and wire equipment service, repealed, effective Jan. 1,1966 (Public Law89-44'>. For general and toll telephone service and for teletypewriter exchange service, the rate of tax on amounts paid on bills first rendered bn or after Apr. 1.1986, for services rendered after Jan. 31,1966. is increased from 3 percent to 10 percent ofthe amount paid (Public Law 89-368). Forgeneral and toU telephone service and for teletypewriter exchange service, tho rate of tax was scheduled to be reduced from 10 percent to 1 percent on amounts paid on bills first rendered on or alter Apr. 1. 1968. Public Law 90-285 continued the 10-percent rate to Apr. 30,1968; the Revenue and Expenditure Control Act of June 28, 1968 (Public Law 90-364) retroactively restored the 10-percent rate.
15 Rate of 10 percent repealed effective Nov. 16, 1962, except on air transportation which was reduced to 5 percent.
i« Repealed effective noon Dec. 31, 19Q5. 17 Repealed effective Aug. 1, 1958 (26 U.S.C. 4292 note). 13 After fiscal 1965, included in "Toll telephone, telegraph, radio, and cable services." i» Includes certain delinquent taxes collected under repealed laws and various other
taxes not shown separately. 20 Includes undistributed depositary receipts and unappUed collections of excise
taxes. 21 Capital stock tax repsaled for years ending after June 30, 1945. 22 Beginning with 1955, includes unidentified and excess collections, and proflts from
sale of acquired property. UntU 1955, such amounts were included in "Miscellaneous excise taxes, All other." For 1955-57, Includes depositary receipts outstanding 6 months or more for which no tax accounts were Identified.
NOTE.—These figures are from Internal Revenue Service reports of coUections. For years prior to 1955, they are not directly comparable to gross budget receipts from Internal revenue; the differences in amounts occur because of differences in the time when payments are included in the respective reoorts. Through 1954, the payments were included in Internal Revenue service coUection reports after the returns to which they applied had been received in internal revenue offices. Beginning with 1955, tax payments are included in budget receipts when reported In the Account of the Treasurer of the United States.
Under arrangements begun in 1950, for withheld income tax and old-age insurance taxes and later extended to railroad retirement taxes and many excises, these taxes are paid currently into Treasury depositaries and the depositary receipts, as evidence of such payments, are attached to quarterly returns to the Internal Revenue Service. Under this procedure, the payments are included in budget receipts in the month in which the depositary receipts are issued to taxpayers.
Revised accounting procedures, effective July 1, 1954, extended this practice to Internal Revenue Service coUection reports, so that these reports include depositary receipts in the month in which they are issued instead of the month in which tax returns supported by the receipts are received in the directors' offices. It is not possible to make a complete classification of excise taxes paid into depositaries until the returns are received. Accordingly, the item "Unclassified excise taxes" includes the amount of "undistributed depositary receipts," i,e., the amount of depositary receipts issued, less the amount of depositary receipts received with returns and distributed by classes of tax, and beginning Jan. 1, 1968, amounts of Federal tax deposit forms purchased and not yet applied to taxpayers' llabllitie.s.
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54 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 11.—Internal revenue collections and refunds by State, fiscal year 1973 [In thousands of dollars]
Individual Corpora- Estate States, etc. income and tion Excise and
employment income taxes gift taxes taxes ; taxes
Total Refunds of collections taxes
Alabania Alaska Arizona Arkansas California Colorado _. Connecticut Delaware Florida Georgia Hawah Idaho. llhnois Indi ana. Iowa _ -Kansas Kentucky ., Louisiana. Maine Maryland 1 Massachusetts Michigan Minnesota Mississippi -Missomi Montana Nebraska Nevada New Hampshire New Jersey... -New Mexico New York North Carohna . . . . North Dakota Ohio Oklahoma Oregoii Pennsylvania Rhode Island . South Carolina South Dakota Tennessee Texas. -Utah- -Vermont Virginia.. _ Washington West Virginia Wisconsin. Wyoming International 2 Undistributed:
Federal tax deposits and depositary receipts 3
Transferred to Government of Guam _
Withheld taxes of Federal employees ^
Gasoline, lubricating oil, and excess FICA credits^
Total 6177,193,715 39, 045, 309 ^ I6, 572,318 4, 975,862
See footnotes at end of table.
237,787, 204 8 25, 628, 083
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 5 5
TABLE 11.—Internal revenue collections and refunds by State, fiscal year 1973 —Continued
[In thousands of dollars]
Individual States, etc, income and
employment taxes
Refunds not identifiable by State: North-Atlantic Mid-Atlantic Southeast.. Central Midwest Southwest -. Western
Corporation
Income Excise taxes
Estate and gift
ta«es Total
cohections Refunds of taxes
598 596 630
1,238 310 775 469
1 Includes the District of Columbia, 2 Collections from and refunds to U,S. taxpayers In Puerto Rico, Canal Zone, and in foreign countries, 3 Consists of amounts of Federal tax deposit forms purchased and not yet apphed to taxpayers' habihties
and the amounts of depositary receipts issued, less the amounts of depositary receipts received with returns and distributed by State,
4 Net transactions in the clearing account on the central books of the Treasury for withheld income taxes from salaries of Federal employees.
5 Represents credits allowable on income tax returns for certain gasohne and lubricating oil tax payments and for excess social security payments under the Federal Insurance Contributions Act (FICA).
8 Includes $49.9 bilhon transferred to the Federal old-age and survivors insurance trust fund, the Federal disabihty insurance trust fund, the railroad retirement accounts, the Federal hospital Insurance trust fund, and the unemployment trust fund for benefit payrnents within the States.
7 Includes $5.6 bilhon gasohne and certain other highway user levies transferred to the highway trust fund for highway construction in States, in accordance with the Highway Revenue Act of 1956, as amended (23 U.S.C. 120 note). Also includes Internal revenue collections made by Customs.
8 Includes reversals due to Individual Master File canceUed checks and undelivered refund checks not obtainable by districts. Also Inclusive of the reimbursement of $648 miUion to the general fund from the Federal old-age and survivors insurance trust fund, the Federal disability Insurance trust fund, the highway trustfund, and the Federal Unemployment Tax Act (42 U,S,C, 1101 (b)(3)), which Is the estimated aggregate of refunds due on taxes collected and transferred.
NOTE.—Receipts in the various States do not indicate the Federal tax burden of each since, in many instances, taxes are collected In one State from residents of another State. For example, withholding taxes reported by employers located near State hnes may Include substantial amounts withheld from salaries of employees who reside in neighboring States. Likewise payments of refunds within a State may not be apphcable to the collections within that State since refunds are payable In the State of residence or principal place of business of the taxpayer which may not be the point at which collections are made.
Collections in full detail by tax source and region are shown in the "Annual Report of the Commissioner of Internal Revenue" and in lesser detail In the "Combined Statement of Receipts, Expenditures and Balances of the United States Government."
TABLE 12.—Deposits of earnings by ihe Federal Reserve banks, fiscal years 1947-73 ^
Total 21,009,111,060.20 3,532,969,151.75 3,252,197,090.06 3,495,069,126.05 31,289,346,428.08
1 Through 1959, consists of approximately 90 percent of earnings of the Federal Reserve banks after payment of necessary expenses and statutory dividends, and after provisions for restoring the surplus of each bank to 100 percent of subscribed capital where it fell below that aniount. Beginning in 1980, pursuant to a decision by the Board of Governors of the Federal Reserve System, consists of all net earnings after dividends and after provisions for building up sm'plus to 100 percent of subscribed capital at those banks where surplus is below that amomit and also cf the aniounts by which sm'plus at the other banks exceed subscribed capital. Beginning in 1985, the surplus is maintained at the level of the paid-in capital instead of subscribed capital.
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56 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 13.—Customs collections and payments hy regions and districts, fiscal 1973 I. CUSTOMS COLLECTIONS
Total Baltimore region.. 336,633,092 2,377,844 82,310,182
Miami region: District offices:
Charleston.. 56,209,081 172,840 2,777,080 Miami 48,385,863 397,272 22,820,767 San J u a n . . . 370,137 181,019 St. Thomas 27,407 Savannah 35,991,110 129,298 7,726,070 Tampa 48,621,035 383,959 15,178,734 Wilmington. 50,259,357 ; 81,859 2,515,991
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STATISTICAL APPENDIX 57 T A B L E 13.—Customs collections and payments by regions and districts, fiscal
1973—Continued
Regions and districts Duties Miscellaneous
customs collections
Internal Revenue Service
Total
San Francisco region: District offices:
Anchorage $1,187,269 Great Falls 6,595,284 Honolulu 18,733,912 Portland, Oreg... 40,085,324 San Francisco 158,415,345 Seattle 100,180,479
Total San Francisco region 323,197,813
Chicago region: District offices:
Chicago - 140,435,255 Cleveland 51,968,359 Detroit 98,448,238 Duluth 9,420,343 Milwaukee 9,571,336 Minneapohs 11,535,952 Pembina 8,258,644 St. Louis 16,829,020
Total du t ies . . . . 3,394,299,298 3,307,821,157
Miscellaneous: Violations of custonis laws • L 7,886,775 0,788,658 Marine inspection and navigation services . 1,348 1,068 Testing, inspecting, and grading.. 82,275 83,848 Miscellaneous taxes . 7,855,484 9,442,824 Fees - 165,020 173,895 Unclaimed funds 313,781 746, 504 Recoveries 16,728 35,222 AU other customs receipts 37,270 51,195
Total misceUaneous 16,358,681 20,322,814 Internal revenue taxes 786,689,833 765,290,684
Total collections 4,197,347,810 4,093,434,555
24.1 -20.8
1.7 20.2 5.3
137.9 110.6 37.4
24.2 - 2 . 7
-2.5
SCHEDULE II.—SOURCE AND APPLICATION OF OPERATING FUNDS
1972 1973 Percentage increase, or
decrease (—)
$211,700,000 +1,277,569
2, 912,400 608, 500
15,752,052 1,476,074
24,828, 508 7,874,984
12.0 -86.8
5.7 -54.2 -26.0
83.5 15.3
-3 .0
Source of funds: Appropriation reahzed—"Salaries and expenses, U.S.
Customs Service" $189,000,000 Net transfers—nonexpenditure transactions +3,845,986 Reimbursements from:
Agriculture—quarantine program , 2,755,000 Commerce—export control program . 1,329,000 Transportation—air security program . 21,293,971 State—foreign customs assistance program 804,264 Reimbursable services—Acts of 1911 and 1936 21,363,322 AU other sources... 7,913,620
Total funds provided
Application of funds by program: Processing of arriving persons and cargo Investigations—law enforcement Internal audit Executive direction
Total funds apphed
Withdrawn appropriation balance
Refunds: Excessive duties and similar refunds D rawback payments
Total 107,393,343
248, 305,163
161,711,342 62,058,250 2,314,018 22, 200,844
248, 284,454
20, 709
64,223,909 43,169,434
266,028, 065
175,413,888 80,470, 503 2,618,839 28,184,406
264,687,618
1,340,449
71,665,048 48,176,168
7.1
8.5 -2.6 13.2 17.9
6.6
11.6 11.8
119,841,214
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STATISTICAL APPENDIX 59
T A B L E 15.—Postal receipts and expenditures, fiscal years 1936-73
Postal revolving fund as reported to the Treasury by the U.S, Postal Service
Year
Postal revenues
Postal expenditures '
Extraordinary expenditures as reported under act of June 9,1930
1 Includes salary deductions paid to and deposited for credit to the retirement fund. 2 On basis of warrants-issued adjusted to basis of dally Treasury statements through 1947. »Advances to the Postmaster General to meet estimated deficiencies in postal revenues, reduced by repay
ments from prior year advances. Excludes allowances for offsets of extraordinary expenditures or the cost of free mailings. Figures are on basis of warrants-issued adjusted to basis of daily Treasury statements through 1953, and thereafter on basis of the central accounts of the U.S. Government maintained by the Department of the Treasury.
4 Repayment of unexpended portion of prior years' advances. 6 Transactions for 1954-73 are on the basis of cash receipts and expenditures as reported by the U.S.
Postal Service. Reports of the Postmaster General are on a modified accrual basis. fl See letter of the Postmaster General In exhibits in annual reports prior to 1958. 7 Under the act of May 27, 1958 (72 Stat. 143), the Postmaster General is no longer required to certify the
estimated amounts of postage that would hav« been coUected on certam free or reduced-rate mailings.
NOTE.—For figures from 1789-1935 see Annual Report for 1946, p. 419.
526-680 O - 74 - 5
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6 0 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 16.—Seigniorage on coin and silver bullion, January 1, 1935-June 30, 1973
Total seigniorage Potential seigniorage on coin (sUver, on sUver bullion.
Fiscal year clad, and minor) and other metals and on silver at cost in Treasur-
buUlon revalued er's account, end of fiscal year >
* Not cumulative, as coinage metals held by the Treasurer of tho United States change, the potential seigniorage changes. Potential seigniorage also changes depending on the denomination of the coins manufactured.
a Represents potential seigniorage as of June 30,1964, n,a. Not available. i
Federal Debt
I.—Outstanding
TABLE 17.—Federal securities outstanding, fiscal years 1954-73
[Public debt securities on basis of daUy Treasury statements; agency securities on basis of administrative accounts and reports]
Fiscal year Public debt Agency Total Federal securities' securities 2 securities
»»Preliminary. 1 For content see table 17. 2 Represents non-interest-bearing pubhc debt securities issued to the International Monetary Fund and.
international lending organizations. 3 Based on the Bureau of the Census estimated population. Through 1958 the estimated population is for
the conterminous United States, exclusive of Alaska, Hawaii, and the outlying areas, such as Puerto Rico, Guam, and the Virgin Islands. Beginning with 1959 the estimates include Alaska and, with 1960, Hawaii,
* For content see table 20.
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62 1 9 7 3 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 19.—Principal of the public debt, fiscal years 1790-1973
[On basis of Pub l i c D e b t accounts from 1790 th rough 1915, and on basis of daUy Treasu ry s t a t emen t s from 1916 to da te , see "Bases of T a b l e s " a n d Note]
p Preliminary. 1 Exclusive of bonds Issued to the Pacific railroads (acts of 1862,1864, and 1878), since statutory provision
was made to secure the Treasury against both principal and Interest, and the Navy pension fund, which was not a debt as principal and Interest were the property of the United States. The Statement of the Public Debt Included the raUroad bonds from issuance and the Navy fund from Sept. 1, 1866, through June 30, 1890.
» Based on the Bureau ofthe Census estimated population. Through 1958 the estimated population Is for the conterminous United States. Beginning with 1959 the estimates Include Alaska, and with 1960, Hawaii.
»Includes certain securities not subject to statutory limitation. Public debt Includes debt Incurred to flnance expenditures of wholly owned Governraent corporations and other business-type activities In exchange for which securities of the corporations and activities were Issued tothe Treasury (see table 107).
NOTE.—From 1790-1842. the fiscal year ended Dec. 31. Detailed flgures for 1790-1852 are not available on a basis comparable with those of later years. For bases prior to 1916. see the 1963 Annual Report p. 497, Note.
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TABLE 20.—Investment holdings of Government accounts in Federal securities, June 30, 1971-73
[Amounts represent public debt securities unless stated otherwise. Par value. In thousands of doUars. On basis of "Monthly Statement of Receipts and Outlays of the United States Government," see "Bases of Tables"]
Agency 1971 1972 1973
Legislative branch: Library of Congress:
Library of Congress trust fund, investment account 31 11 United States Tax Court:
Tax Court judges survivors annuity fund 252 301 348 The judiciary;
Judicial survivors annuity fund 6,339 7,234 8,148 Funds appropriated to the President:
Rural Telephone Bank 518 6,060 Commerce Department:
Federal ship financing fund, revolving fund- 23,190 33,215 42,580 War risk insurance revolving fund ^ 4,886 5,148 5,531 Gifts and bequests 140 165 125
Defense Department: Army Department:
Bequestof Maj. Gen, Fred C. Ainsworth 11 n n General gift fund. . . 346 257 256
Navy Department: 0 fiice of Naval Records and History fund 274 274 274 U,S, Naval Academy museum fund 10 28 28 U.S, Naval Academy general gift fund . . 309 309 368 Navy general gift fund 68 89 78
Air Force Department: General gift fund 6 6 6
Health, Education, and Welfare Department: Federal old-age and survivors insurance trust fund 30,770,231 32,647,577 34,945,623
Agency securities 605,000 555,000 555,000 Federal disabihty insurance trust fund 6,027,756 7,011,654 7,803,229
Agency securities.. 50,000 . . Federal hospital insurance trust fund 2,979,866 2,833,958 4,172,365
Agency securities 50,000 50,000 50,000 Federal supplementary medical insurance trust fund — 257,427 478,075 699,631 Public Health Service unconditional gift fund-. 100 lOO . . . . Pubhc Health Service conditional gift fund 30 30 30 St. Elizabeths Hospital unconditional gift fund 45 45 48 Patients' benefit fund, Public Health Service hospitals 4 4 4
Housing and Urban Development Department: New communities guarantee fund 2,225 4,827 8,338 Federal Housing Administration:
Revolving fund 982,857 1,098,371 1,138,378 Agency, securities. 212,676 206,027 i 106,007
Guarantees of mortgage-backed securities fund 646 3,421 8,082 Management and liquidating functions:
Agency securities: Defense family housing mortgages 62,708 50,352 48,036
Special assistance functions: Agency securities 106,065 97,371 390,533
Federal Insurance Administration: National insurance development fund 74,306 75, leo 80,088
Interior Department: Indian tribal funds 25,446 781 745
Agency securities 1,000 Preservation of birthplace of Abraham Lincoln 64 64 64 Bequest of George C. Edgeter, relief of indigent American
Indians 31 31 31 Alaska native fund : '._. 55 Funds contributed for the advancement of the Indian Race,
Bureau of Indian Affairs 20 20 20
See footnotes a t end of table.
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STATISTICAL APPENDIX 6 5
TABLE 20.—Investment holdings of Government accounts in Federal securities, June 30, 1971-73—Contmued
[In thousands of dollars]
Agency 1971 1972 1973
Labor Department: Unemployment trust fund 11,140,905 9,812,535 10,056,747
Agency securities 100,000 Relief and rehabilitation. Workmen's Compensation Act with
in the District of Columbia 82 73 31 State Department:
Foreign service retirement and disabiUty fund 52,461 58,560 64,562 Conditional gift fund 130 130 100
Transportation Department: Highway trust fund 3,634,868 4,458,381 5,550,051 Coast Guard general gift fund 10 10 10 Coast Guard cadet fund 28 22 13
Treasury Department: Exchange Stabilization Fund 1,390,182 2,586,637 2,934,101 Pershing Hall Memorial fund 211 211 211 Office of the ComptroUer of the Currency 23,376 27,446 33,431 Esther CatteU Schmitt gift fund 414 414 414
General Services Administration: National Archives gift fund 1,232 705 704 National Archives trust fund 452 452 1,777
Veterans Administration: Servicemen's group life insurance fund 11,361 Veterans reopened Insurance fund 188,999 . 220,206 252,993 Veterans special life insurance fund 293,030 321,028 352,638 Natibnal service life insurance fund 6,067,890 6,155,084 6,427,365
Agency securities 335,000 310,000 310,000 Government life insurance fund 758,218 716,600 689,705 General post fund, national homes 1,430 1,429 1,429
Civil Service Commission: CivU service rethement and disability fund 24,252,436 27,293,189 30,490,779
Agency securities 475,000 375,000 375,000 Employees health benefits fund 145,949 206,153 188,607 Employees life insurance fund 972,274 1,001,126 1,242,782 Retired employees health benefits fund 28,120 31,081 36,381
Emergency Loan Guarantee Board: Emergency loan guarantee fund 1,085 4,315
Federal Deposit Insurance Corporation 4,660,668 5,008,506 5,635,828 Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation 2,500,742 2,648,384 2,906,576 Agency securities 143,550 143,550 141,950
National (Credit Union Administration: National credit union share insurance fund-. 6,273 18,185 27,080
United States Postal Service.. : 1,265,811 1,084,012 Agency securities 104,410 5,000
Small Business Administration: Lease and surety bond guarantees revolving fund 2,120 3,270 5,630
Total 105,139,699 113,559,439 125,381.073
MEMORANDUM
Investments in securities of privately owned Government-sponsored enterprises:
Included in the loan account: Milk niarket orders assessment fund - - 173 - - -
Total - 173
1 Represents defens?. family housing mortgages, Federal Housing Administration debentures, and participation certificates amounting to $243,272, $57,719,150, and $130,035,000, respectively.
2 Represents Federal Housing Administration debentures. 3 Represents defense family housing mortgages.
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66 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 21.—Debt s mbject to statutory limitation, outstanding June 30, 1940-73
[On basis of da i ly T rea su ry s ta tements ]
J u n e 30 P u b l i c deb t
subject to l imi ta t ion»
D e b t of U . S . Gove rnmen t agencies a n d Dis t r ic t of Co lumbia subject to l imi ta t ion 2 D e b t subject
»Inc ludes d e b t incurred to flnance expendi tures of Gove rnmen t corporations and other agencies ' in exchange for which securities of t h e corporations a n d activit ies were Issued to t h e Treasu ry (see tab le 107).
2 He ld outs ide t he T r e a s u r y . 3 A s u m m a r y of legislation on d e b t l imi ta t ion u n d e r t he Second L ibe r ty B o n d Ac t , as a m e n d e d , from
Sept . 24.1917, th rough J u n e 30,1967, Is shown in table 32. Securities held outs ide t he Treasu ry a re Included In t h e l imi ta t ion beginning A p r . 3 , 1946. I n comput ing s t a t u to ry deb t l imi ta t ion , savings bonds are carried a t m a t u r i t y va lue from the i r origin In 1936 u n t i l J u n e 26,1946; from t h a t da te t hey are carried a t cur ren t r edempt ion v a l u e .
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TABLE 22.—Public debt outstanding by classification, June 30, 1963-73
[In miUions of dollars. On basis of daUy Treasury statements, see "Bases of Tables"]
Class 1963 1964 1965 1966 1967 1968 1969 1970 1971
Interest-bearing: Public issues:
Marketable: Treasury bills:
Regular w e e k l y . . T a x ant ic ipa t ion Othe r
Certificates of indebtedness (regular) T r e a s u r y n o t e s T r e a s u r y bonds P a n a m a Cana l b o n d s ,
T o t a l m a r k e t a b l e issues
Nonmarke t ab l e : Certiflcates of indebtedness :
Foreign currency series Foreign series
T rea su ry certificates Deposi ta ry bonds Treasu ry b o n d s :
Foreign currency series Foreign series I n v e s t m e n t ser ies . R E A series 4% Treasu ry bonds
Treasu ry bonds T r e a s u r y no tes :
Fore ign currency series Fore ign series . . .
T r e a s u r y n o t e s U . S . savings notes _ U . S . r e t i r ement p l a n b o n d s . U . S . savings b o n d s Certificates of indebtedness—Sta te a n d local gove rnmen t
series T r e a s u r y notes—State a n d local gove rnmen t series T r e a s u r y bonds—Sta te a n d local government series
T o t a l nonmarke t ab l e issues
T o t a l p u b h c issues
See f o o t n o t e s a t e n d of t a b l e .
37,729
9.501 22,169 . 52,145 81,964
203.608
125 465
2 103
12 604
3.921 27
i 8 3 "
( • ) 48,314
53,645
257,153
39,730
11.010
67,284 88,461
206.489
2 30 . 240
18 103
13 802
3.546 25 20
i 5 2 "
5 49,299
54.240
260,729
43,659
10,005
52,649 102,481
208,695
778" 95 59
»* 1,137 204
3.256 26 9
iso"
11 60,043
65.768
264,463
42.922
12,008 1,652
60,649 101,897
209,127
3 368 305
93 44
15 589 . 174
2.692 23 4 .
338"
16 50.637
56,183
264,311
45.827
12.708 5.610 .
49,108 97.418
210.672
4 431 275 48 45
144 2.689
26
18 460 205
1 21
51,213
65,469
266.131
49.432
15,008 .
71,073 91,079
226,592
5 217 893
30 30
114 2,616
23
17 1.523 994
203 27
61.712
58.282
284,874
68,356
78.946 78.805
226.107
8 390 287
6 28
84 2.459
21
181,978 1,332
505 33
51,711
58.833
284.940
74,396 1,758 .
93,489 62,956
232,699
U 5 0 961 785
25
54 2,387
15
18 1,216 2,374
742 39
51,281
60,103
292,702
86,677
104,807 53,989
245,473
8 899 2,126
112,465 23
24- . 2,347
8
2 5 0 "
20 765 5,457
6 1 9 ' 47
53,003
_ 68,032
313,505
94,648
113,419 49,136
257,202
9 166 6,225
446 22
" " 2 ^ 3 1 0 " 10
250""
21 1,906 10,688
561 55
55,921
78,560
335,762
100,081
117,840 45,071
282,971
10 187 12,148
374 19
" ' 2 , ' 2 7 5
7
250
221,556 14,633
55 519
64 59,418
3 59 76
91,844
354,615
S % Ul
0 >
>
1 t
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TABLE 22.—PubUc debt outstanding by classification, June 30, 1963-73—Continuea O 0 0
Federal Housing Administration notes: i^ Apartment unit insurance fund 1 (*) (*) . . . . —- > Armed services housing mortgage insurance fund 14 14 3 ?d Cooperative management housing insurance fund : 1 K Experimental housing insurance fund 1 1 1 Housing insurance fund 1 2 4 O Housing investment insurance fund (*) (*) (*) _ ^ Mutual mortgage insurance fund 10 10 96 National defense housing insurance fund (*) (*) (*) Q Rental housing assistance fund (*) 2 3 ffl Section 203 home improvement account I l l W Section 220 home improvement account 1 1 1 Section 220 housing Insurance fund 2 2 1 ^ Section 221 housing insurance fund _ 2 Servicemen's mortgage insurance fund 2 2 10 ra Title I housing insurance fund I l l ^ Title I insurance fund 14 9 11 ^ War housing insurance fund 8 8 6 Ej
Federal old-age and survivors insiirance trust fund: 2 ^
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Federal supplementary medical insurance trust fund: Certificates 32 Notes 447 281 358 13 257 478
Foreign service retirement fund: Certificates N o t e s . . . -- -Bonds
General Services Adniinistration participation certificate trust fund:
Matured debt on which interest has ceased 310 295 292 308 284 254 461 366 322 380 255
Debt bearing no interest: Special notes of the United States:
International Monetary Fund series 2,922 3,289 3,167 3,614 3,328 2,209 826 825 825 825 825 International Development Association series 129 142 138 64 Inter-American Development Bank series 125 160 160 132
Special bonds of the United States: U.N. Children's Fund Series - . 8 U.N. Speciai Fund Series 66 75 38 5 U.N./FAO World Food Program Series. 2 2
* Less t h a n $600,000. 1 DoUar equ iva l en t of certiflcates issued a n d payab l e i n t h e a m o u n t of 110,000,000
Swiss francs. 2 DoUar equ iva l en t of certificates issued a n d payab le in t h e a m o u n t of 130,000,000
Swiss francs. 3 DoUar equ iva l en t of certificates issued a n d payab l e i n t he a m o u n t of 800,000,000
Deu t sche m a r k s a n d 727,000,000 Swiss francs. 4 DoUar equ iva l en t of certificates Issued a n d payab l e in t h e a m o u n t of 800,000,000
D e u t s c h e m a r k s , 886,000,000 Swiss francs, a n d 660,000,000 A u s t r i a n schiUings. 5 DoUar equ iva l en t of certiflcates Issued a n d p a y a b l e i n t h e a m o u n t of 440,000,000
Swiss francs. 6 DoUar equ iva l en t of certiflcates issued a n d p a y a b l e in t h e a m o u n t of 1,685,000,000
Swiss francs. 7 Dol lar equ iva l en t of certificates issued a n d payab l e in t h e a m o u n t of 646,000,000
Swiss francs. 8 DoUar equ iva l en t of certificates issued a n d p a y a b l e In the a m o u n t of 3,682,000,000
Swiss francs. 9 Dol lar equ iva len t of certificates issued a n d payab le i n the a m o u n t of 845,000,000
Swiss francs. 10 DoUar equ iva l en t of certificates issued a n d payab le in t he a m o u n t of 645,000,000
11 Inc ludes $2,008,488,000 EurodoUar series. 12 DoUar eau iva l en t of T r e a s u r y b o n d s issued a n d payab le in t h e a m o u n t of
124,050,000,000 I t a h a n lire, 647,000,000 Swiss francs, 800,000,000 deu tsche m a r k s , 650,000,-000 A u s t r i a n schlUIngs, a n d 1,600,000,000 Belgian francs.
13 DoUar equ iva l en t of T r e a s u r y b o n d s issued a n d payab l e In the a m o u n t of 1,057,000.-000 Swiss francs, 1,000,000,000 deutsche m a r k s , 1,300,000,000 A u s t r i a n schillings, a n d 1,500,000,000 Belgian francs.
14 DoUar equ iva l en t of T r e a s u r y b o n d s issued a n d payab le In t h e a m o u n t of 1,412,000,-000 Swiss francs, 2,700,000,000 deutsche m a r k s , 2,600,000,000 A u s t r i a n schilhiigs, a n d 1,500,000,000 Belgian francs.
15 DoUar equ iva l en t of T r e a s u r y b o n d s Issued a n d p a y a b l e In t h e a m o u n t of 686,000,000
Swiss francs, 800,000,000 deu t sche m a r k s , 1,050,000,000 A u s t r i a n schillings, 1,500,000,000 Belgian francs, a n d 78,000,000,000 I t a l i an lire.
16 Dol lar e q u i v a l e n t of T r e a s u r y notes Issued a n d payable in t h e a m o u n t of 687,000,000 Swiss francs. 600,000,000 deu tsche n ia rks , 650,000,000 Aus t r i an schilhiigs, a n d 78,000,000,-000 I t a h a n lire.
17 DoUar equ iva l en t of T r e a s u r y notes Issued a n d payab le In t h e a m o u n t of 1,217,-000,000 Swiss francs, 700,000,000 deu t sche m a r k s , 650,000,000 A u s t r i a n schill ings, 3,000,-000,000 Belgian francs, a n d 78,000,000,000 I t a l i an l h e .
IS DoUar equ iva l en t of T r e a s u r y no tes Issued a n d payab l e in t h e a m o u n t of 1,627,-000,000 Swiss francs, 5,300,000,000 deu t sche m a r k s , 1,300,000,000 A u s t r i a n schillings, a n d 140,600,000,000 I t a l i an lire.
19 Dollar equ iva l en t of T r e a s u r y notes issued a n d payab le in t he a m o u n t of 2,331,000,-000 Swiss francs, a n d 2,500,000,000 deutsche m a r k s .
20 DoUar equ iva l en t of T r e a s u r y notes issued and payab le in the a m o u n t of 369,000,000 Swiss francs, a n d 2,500,000,000 deu tsche m a r k s .
21 Dollar equ iva l en t of T r e a s u r y notes issued a n d payable in the a m o u n t of 4,757,080,T 000 Swiss francs, a n d 2,250,000,000 deu t sche m a r k s .
22 Dol lar equ iva len t of T r e a s u r y notes issued a n d payab le in the a m o u n t of 4,757,080,-000 Swiss francs, a n d 500,000,000 deu t sche m a r k s .
23 O n Oct . 1,1942, t h e y replaced posta l savings s t a m p s wh ich had been Pos ta l Savings Sys tem ' s obligat ions.
24 Gold reserves r equ i r emen t s e l imina ted p u r s u a n t to Pub l i c L a w 90-269, a p p r o v e d Mar . 18,1968.
25 Inc ludes cer ta in securit ies no t subject to s t a t u t o r y l imi ta t ion . Inc ludes pub l i c d e b t Incurred t o finance expendi tu res of whoUy owned G o v e n u n e n t corpora t ions a n d other bus iness- type act ivi t ies in exchange for w h i c h securit ies of t h e corporat ions a n d act ivi t ies were issued to t h e T r e a s u r y ; see t ab l e 107.
NOTE.—For comparable data for 1931-43, see the 1943 Annual Report, page 664; for 1944-54, see 1954 Annual Report, page 472; and for 1955-68, see 1965 Annual Report, page 557. Composition of the pubhc debt 1916-45, is shown in the 1947 Annual Report, p. 361. For reconcihation with pubhc debt accounts for 1973, see table 26. Digitized for FRASER
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TABLE 23.—Securities issued by Government agencies subject to statutory debt limitation, June SO, 1963-73 [Face a m o u n t , in t h o u s a n d s of dollars . O n basis of daUy T r e a s u r y s t a t e m e n t s , see " Bases of T a b l e s " ]
Distr ic t of Co lumbia A r m o r y Board s t a d i u m b o n d s Federa l Hous ing Admin i s t r a t i on d e b e n t u r e s :
M u t u a l mor tgage insurance fund Cooperat ive m a n a g e m e n t housing insurance fund Oeneral insurance fund:
General insurance A r m e d services housing mortgage insurance f u n d . Housing insurance fund _ Nat iona l defense housing insurance fund Section 203 home i m p r o v e m e n t account . Section 220 housing insurance fund J Section 221 housing insurance fund _ Servicemen's mortgage insurance fund T i t l e I housing insurance fund War housing insurance fund
19,800 19,800
328,062 499,018
16.001 63,445 98,124
2 9,360
36,558 22,746
523 10,869
5,691 89,942 79,354
'27^647 55,836 31,111
254 3,720
19,800
333,523
2,576 76,723 71,965
6 23,514 31,566 22,886
373 5,970
19,800
133,402 1,636
142,426 1,714
57,683 46,400 (*)
19,672 12,284 19,858
319 ' 5,381
19,800 19,800 19,800 19,800 19,800 19,800
73,658 7,524.
279,009 1,695
49,173 29,090
43,643 15,496
369,715 291
43,552 27,272
26,154 15.623
14,753 16.641
424,615 388,770
40,570 24,228
34,165 21,048
10,405 16,243
371,374 264
29,803 17,848
8,908 16,123
351,110 41
25, 926 12,788
19,672 12,191 15,416
223 4,339
19,672 12,118 12, 709
163 3,788
19,672 11,635 11,110
155 2,938
19,672 11,568 9,884
162
19,672 11,506 8,838
151 608
19, 872 11,494 6,956
140 806
M A T U R E D D E B T »
Federa l F a r m Mortgage Corpora t ion Federa l Hous ing Admin i s t r a t ion H o m e Owners ' L o a n Corporat ion
T o t a l m a t u r e d deb t 2..
T o t a l 2
181 144 669 299 291 276
133 1,025
268
124 682 266
120 35
252
109 7
249
107 8
237
106 7
232
85 5
214
84 8
199
1,121 720 1,426 1,073 407 366 352 344 305 291
606,610 812,992 690,326 461,547 612,196
19,800
7,814 13,379
320, 278 33
22,739 10,137
19, 672 11,488 5,444
100 584
To ta l u n m a t u r e d deb t 606,490 812,272 688,900 460,474 511,789 568,220 596,688 636,646 606,312 473,582 431,445
85 5
194
265
Ui
> W
H-l O >
> • !
;,586 597,040 536,990 506,817 473,853 431,710
* Less t h a n $500. 1 F u n d s are on deposit w i th t h e Treasurer of t h e U n i t e d Sta tes for pasTnent of these
securities.
2 Consists of pr incipal only.
N O T E . — F o r figures for 1946-58 see 1958 A n n u a l Repor t , p . 474; a n d for 1959-62 see 1969 A n n u a l Repor t , p p . 70 and 71. For securities held b y t h e Treasu ry , see t ab le 107.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
NOTE.—Includes unredeemed matured securities outstanding on which interest has ceased.
' Revised. 1 This association was created effective Sept. 30, 1968, by an act approved Aug. 1,
1968 (12 U.S.C. 1716b). I t assumed the assets and liabihties of the participation sales fund, the management and liquidating functions fund, and the speciai assistance functions fund formerly of the Federal National Mortgage Association and continues to operate these funds.
2 Effective Sept. 30, 1988, Federal National Mortgage Association was converted to private ownership pursuant to an act approved Aug. 1,1968 (12 U.S.C. 1716b).
3 Effective Dec. 31, 1968, banks for cooperatives and Federal intermediate credit banks were converted to private ownership pursuant to an act approved Oct. 17, 1968 (12 U.S.C. 1081(a)(1)).
CO
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74 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 25.^—Maturity distribution and average length of marketable interest-bearing public debt, June SO, 1946-73
[Dollar a m o u n t s In mUllons. O n basis of daUy Treasu ry s ta tements]
1 Includes publ ic deb t Incurred to flnance expendi tures of whol ly owned Governraen t corporat ions and o ther business-type activities in exchange for which securities of the corporat ions and activities were Issued to the Treasury .
' A l l Issues are classified to flnal m a t u r i t y except part ial ly tax-exempt bonds which have been classified to earliest call da te . T h e last of these bonds were called on Aug. 14, 1962, for r edempt ion on Dec . 15.1962.
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STATISTICAL APPENDIX 75
T A B L E 26.—Summary of the public debt on an accounting basis, June 30, 1973
Classification
Com- Amount out- Transactions Amount out-puted standing on basis in transit as of standing on rate of of daily Treasury June 30, 1973 basis of public
Foreign series 6.745 12,148,200,000 Foreign currency series 5.417 186,631,044
Treasury notes: Foreign series ----- 6.010 14,632,574,657 Foreign currency series 5.302 1,556,483,686
Treasury bonds 3.500 250,000,000 Treasury certificates-- - 3.498 373,897,047 Treasurynotes 4.000 55,179,338 U.S. savings bonds --- . 4.695 59,418,203,080 U.S. savings notes 5.324 519,323,737 U.S. retirement plan bonds 4.408 64,216,994 Depositary bonds 2.000 10,488,500 Treasury bonds, REA series 2.000 6,604,000 Treasury bonds, investment series 2. 750 2, 275,438,000 Certificates of indebtedness—State
and local government series 4.052 2,765,000 Treasury notes—State and local gov
ernment series -- 5.148 50,030,000 Treasury bonds—State and local gov
ernment series 5.400 75,885,000
Subtotal • 5.138 01,843,920,984
Total public issues --- 5.870 354,614,920,984
Specialissues: Civil service retirement fund 5.855 27,829,676,000 Employees health benefits fund-- 6.690 22,677,000 Employees hfe insurance fund 6. 690 78,783,000 Exchange Stabihzation Fund 8.450 2,934,101,274 Federal Deposit Insurance Corporation... 6. 690 262,675,000 Federal disability insurance trust fund..-- 6.150 7,488,234,000 Federal home loan banks 6. 690 325,000 Federal hospital insurance trust fund 6. 531 4,172,385,000 Federal Housing Administration fund 6. 690 4,116,000 Federal old-age and survivors insurance
trustfund -- ---- 5.829 31,423,575,000 Federal Savings and Loan Insurance Cor
poration 6.890 81,180,000 Federal supplementary medical insurance
* trustfund 6.202 600,631,000 Foreign service retirement fund 5.423 64,582,000 GSA participation certificate trust 8.188 489, 898,086 Government life insurance fund 4.610 689,705,000 Highway trust fund --- 6.000 5,550,051,000 National service hfe insurance fund 4.918 6,427,365,000 Postal service fund- 5.014 820,000,000 Raihoad retirement account 6. 600 3, 723,000,000 Railroad retirement holding account 6.750 3,785,000 Railroad retirement supplemental account. 8.750 38, 531,000 Unemployment trust fund 5.750 8,330,008,000 Veterans reopened Insurance fund 6.470 252,003,000 Veterans special life insurance fund 4.065 352,638,000
Subtotal 5.880 101,738,473,360
Total interest-bearing debt 5.872 456,353,304,344
Matured debt onwhich interest has ceased 255,128,735
See footnotes a t end of table.
30,075, 525 01, 873,008, 510
24,743, 525 354, 630, 864, 610
27,820, 576,000 22, 877,000 76,783,000
2,034,101,274 262, 575,000
7,488,234,000 325,000
4,172,365,000 4,116,000
31, 423, 575, 000
81,180,000
800, 631,000 64, 662,000
480, 608,086 680,705,000
5, 550,051,000 8,427,385,000
820,000,000 3, 723,000,000
3, 785,000 38, 531,000
8,330,008,000 252,003,000 352, 638,000
101,738,473,360
24,743, 625 456,378,137,870
-30,631,713 224,407,022
526-680 O - 74 - 6
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
7 6 - 1 9 7 3 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 26.—Summary ofthe public debt on an accounting basis, J u n e 30, 1973—Con.
Classification
Com- Amount out- Transactions Amount out-puted standing on basis in transit as of standing on rate of of daily Treasury June 30, 1973 basis of public
interest i statement debt accounts
DEBT BEARING NO INTEREST
International Monetary Fund $825,000,000 . Other - - . . . 708,082,233
Total gross pubhc debt 458,141,605,312
$825,000,000 -$19,197 708,063, 036
-5,907,388 458,135,897,927
1 On daily Treasury statement basis. 2 Included in debt outstanding at face amount, but the annual interest rate is computed on the discount
value.
T A B L E 27.—Public debt securities outstanding on an accounting basis, J u n e SO, 1954-73
[On basis of daUy Treasury statements and pubUc debt accounts]
98. 570 cash 1,700,955,000,00 1,700,955,000.00 96.530 c a s h . . . . . . . 1,702,030,000.00 1,702,030.000.00 98. 355 cash 1,707,440,000.00 1,707,440,000.00 98.374 cash 1,700,840,000.00 1,700,840,000.00
94. 782 cash 1,800,470,000.00 1,800,470.000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Regular weekly: Dec . 20, 1973 7.255-. J u n e 21, 1973 Dec . 20,1973. Dec . 27, 1973 7.299 . J u n e 28, 1973.. Dec . 27, 1973-
Regular m o n t h l y : J an . 15, 1974 5.986.- J a n . 31, 1973 J a n . 15, 1974.. Feb. 12, 1974 8.050.. Feb. 28, 1973 Feb. 12, 1974. Mar. 12,1974 8.618.. Mar. 31,1973 Mar. 12,1974. Apr. 9, 1974 6.598.. Apr. 30, 1973 Apr. 9, 1974.. May 7, 1974 6 .818. . May 31,1973 May 7, 1974...
To ta l T reasu ry bills. . 100,060,500,000.00 100,060,500,000.00^
Treasu ry notes: ^ 8 H % Series B-1973 (effective F e b . 15, 1970 . Aug . 15, 1973 F e b : 15-Aug. 15
ra te 8.1355%). 5 U % Series A-1974 (effective N o v . 15, 1987 N o v . 15, 1974 May 15-Nov. 15.
ra te 5.7843%).
Exchange at par 1,839,104,000.00 1,839,104,000.00
P a r 1,508,510,000.00 . Exchange a t p a r . . 2,474,568,000.00 . Exchange a t 99.80. 3,230,944,000.00 .
Ui
> Subto ta l 7,212,022,000.00 $1,769,549,000.00 5,442,473,000.00 \^
Ul H-l o >
55^% Series B-1974 (effective Aug . 15, 1988 A u g . 15, 1974 F e b . 15-Aug. 15. ra te 5.7007%).
Subto ta l - --
99.62 5,414,039,000.00 . Exchange a t 99.62. 4,869,883,000.00 .
7 ^ % Series C-1974 A u g . 15. 1970 F e b . 15, 1974 F e b . 15-Aug. 1 5 . . . Exchange a t p a r . . 714% Series D-1974 N o v . 15, 1970 May 15, 1974 May 15-Nov. 15 do 6% Series E-1974 (effective Oct. 19, 1972 Sept . 30,1974 Mar. 31-Sept. 3 0 . . - 100.25--
ra te 5.8613%). 5 K % Series F-1974 (effective Dec . 28, 1972 Dec . 31, 1974 J u n e 30-Dec. 3 1 . . . 100.00. .-
ra te 5.8254%). 5M% Series A-1075(effective F e b . 15, 1068 F e b . 15, 1075 F e b . 15-Aug. 15
Subto ta l - . • -- 5,148,443,000.00 1,133,816,000. 00 4,014,827,000.00
8% Series B-1975 May 15, 1968 May 15, 1975. May 15-Nov. 15. 57^% Series C-1975 F e b . 15, 1971 A u g . 15,1975 F e b . 15-Aug. 15 . 7% Series D-1975 (effective A u g . 15, 1971 N o v . 15,1975 May 15-Nov. 15 .
r a t e 7.0553%). 5 K % Series E-1975 (effective Oct . 22, 1971 F e b . 15, 1975 F e b . 15-Aug. 15.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
00
o TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued
Description Date When redeemable Interest payment Average price Amount issued Amount retired Amount co or payable 1 date received (per $100) outstanding 2 <i
_ ^ CO
INTEREST-BEARING DEBT «— g Continued 2
no O S3
Public Issues—Continued
Marketable—Continued Treasury notes ^—Continued o
5K% Series F-1975 (effective Apr. 3, 1972 May 15, 1975 - May 15-Nov. 15.-. $100.26 $1,776,409,000.00 $1,776,409,000.00 w rate 5.7761%).
8>^%, Series B-1976 M a y 15, 1969 M a y 15, 1978 May 15-Nov. 15-.- Exchange at p a r - . 2,697,016,000.00 2,897,016,000.00 S 7>^% Series C-1976 (effective Oct. 1, 1969 Aug. 15, 1976 . Feb. 15-Aug. 15..- Exchange at 99.50- 1,682,965,000.00 1 :
rate 7.4783%). Exchange at 100.50 2,510,634,000.00 C/5 H
Subtotal- 4,193,599,000.00 - 4,193,599,000.00 O ===========^=========================== Pi
6k^% Series D-1976 (effective Sept. 8, 1971 Nov. 15, 1976 May 15-Nov. 15--- 101.14 1,283,296,000.00 H
rate6.1347%). 100.18 3,041,306,000.00 H
S u b t o t a l - - - - - - - - - - -- - - - - - - - ---- 4,324,802,000.00 ------ 4,324,602,000.00 ^
5M% Series E-1976 Feb. 15, 1972 May 15, 1976 May 15-Nov. 15--. Exchange at pa r . . 2,802,404,000.00 2,802,404,000.00 ^ 5 ^ % Series F-1976 (effective Aug. 15, 1972 Feb. 15, 1976. Feb, 15-Aug. 15.-. Exchange at 99.75. 4,945,003,000.00 4,945,003,000.00 g
rate 5.9740%). ^ 8^%, Series G-1978 (effective Feb. 15, 1973 Aug. 15, 1978 Feb. 15-Aug. 15. . . Exchange at 99.70. 3,882,930,000.00 3,882,930,000.00 ^
rate 8.5974%). S 8% Series A-1977 (effective Feb. 16, 1970 Feb. 15, 1977 Feb. 15-Aug. 15. . . Exchange at p a r . . 5,182,870,000.00 5,162,870,000.00 g
rate 8.0025%). - ^ 7M% Series B-1977 (effective Aug. 15, 1970 Aug. 15, 1977.. do - . Exchange at 99.75. 2,264,141,000.00 2,264,141,000.00 -
rate 7.7970%). S 6M% Series A-1978 Feb. 15, 1971 Feb. 15, 1978 d o . . . Exchange at pa r . - 8,388,504,000.00 8,388,504,000.00 S 6% Series B-1978 (effective Nov. 15, 1971 Nov. 15, 1978 May 15-Nov. ^15..- Exchange at 99.75. 8,207,497,000.00 8,207,497,000.00 \}
rate 6.0452%). . gJ 6M% Series A-1979 (effective Aug. 15, 1972 Aug. 15, 1979 Feb. 15-Aug. 15.-. Exchange at pa r . . 4,558,922,000.00 4,558,922,000.00 cJ
rate 6.2069%). j W 6^% Series B-1979 (effective Feb. 15, 1973 Nov. 1 , 1979. May 15-Nov. 15. . . 99.70 1,000,055,000.00 ^
rate 6.7206%). Exchange at 09.70- 594,683,000.00 Subtotal 1,603,738,'000.00 1,603,738,000.00 Digitized for FRASER
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
6K% Series A-1980 (effective May 15, 1973 May 15, 1980 May 15-Nov. 15--. 99.29 2,043,210,000.00 . rate 7.0049%). - Exchange at 99.29. 5,221,343,000.00
Subtotal ---- - 7,284,553,000.00 7,264,553,000.00
1M% Series E0-1973 Oct. 1, 1988 Oct. 1, 1973 Apr. 1-Oct. 1 Exchange at pa r . . 29,764,000.00 29,784,000.00 1M% Series EA-1974 Apr. 1, 1989 Apr. 1, 1974 do do 33,883,000.00 33,883,000.00 1M%) Series E0-1974.-- Oct. 1, 1969 - Oct. 1, 1974 --.do do 41,702,000.00 41,702,000.00 VA% Series EA-1975 -. Apr. 1, 1970 Apr, 1, 1975... do do -- 7,945,000.00 7,945,000.00 134% Series E0-1975 Oct. 1, 1970 Oct. 1, 1975. do ---do 30,394,000.00 30,394,000.00 1K% Series EA-1976 Apr, 1,1971.- Apr, 1, 1978 do -- .--do- 27,417,000.00 27,417,000.00 134% Series E0-1976- -- Oct. 1, 1971 Oct, 1, 1978 d o . . do 10,554,000.00 . - . - 10,554,000.00 134% Series EA-1977 Apr. 1, 1972 Apr, 1,1977 ----.dO- do 5,040,000.00 .--- 5,040,000.00 1^% Series E0-1977 Oct. 1, 1972 Oct, 1, 1977 do . do 18,923,000.00 16,923,000.00 1>^% Series EA-1978 Apr. 1, 1973 Apr. 1, 1978 .--do do 14,738,000.00 14,738,000.00
434% of 1073 (effective rate July 22, 1064-—-. On Nov. 15,1073 5. May and Nov. 15 . . Exchange at 08.75.. 232,162,000.00 hjj 42241%).f Exchange at 08.00. 334,055,000.00 . . hd
Exchange at 00.05. 780,304,000.00 H Exchange at 00.10. 574,915,000.00 ^ Exchange at 99.25. 343,825,000.00.. t3 Exchange at 99.30. 298,850,500.00 {-j Exchange at 99.45. 1,302,758,000.00 X Exchange at 99.85. 503,341,000.00
434% of 1974 (effective rate Jan. 15, 1965 On Feb. 15,1974 5.. Feb. and Aug. 15-- Exchange at 99.05. 140,326,000.00 4.1631%).g Exchange at 99.25. 399,959,000.00 . . .1
Exchange at 99.35. 493,462,000.00 Exchange at 99.45. 146,917,000.00 Exchange at 99.50. 415,742,000.00 Exchange at 99.55. 333,760,000.00 Exchange at 99.90. 481,289,000.00 Exchangeat 738,918,500.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued
00 fcO
Descript ion D a t e W h e n redeemable In te res t p a y m e n t Average price A m o u n t issued A m o u n t ret ired A n i o u n t or payab le i da t e received (per $100) ou t s tand ing ^ S3
hd O S3 • O
W
Ul
O S3
S3 K!
O
w
S3
> Ul
d S3
I N T E R E S T - B E A R I N G D E B T a— Cont inued
P u b l i c I s sues—Cont inued
Marke tab le—Cont inued T r e a s u r y b o n d s ^—Continued
4K%, of 1974 (effective r a t e May 15, 1964.. 4.2256%) .6
O n M a y 15,1974 5 . . May a n d N o v . 15 . Exchange a t p a r . . . $1,531,898,500.00 . E x c h a n g e a t 2,061,885,000.00 .
100.25.
S u b t o t a l . - 3,593,583,500.00 $743,990,500. 00 $2,849,593,000. 00
334%) of 1974 (effective ra te Dec . 2, 1957. 3.9883%) .g
O n N o v . 15,1974 5. May and N o v , 1 5 . . P a r Exchange a t 98.50. Exchange a t 99 Exchange a t 98.30. Exchange a t 99.10. Exchange a t p a r . . .
334% of 1980 (effective rate Oct. 3, I960.. On Nov. 15,1980 5. May and Nov, 15 . . Exchange at par . . . 643,408,000,00 3.3808%).g Exchangeat 1,034,722,000.00 Ui
102.25. H Exchangeat 237,815,000.00 >
103.50. H Ul
Subtotal 2,352,731,000.00 2,352,731,000.00
33<t% of 1985 (effective rate June 3, 1958 OnMay 15,1985 5. _ May and Nov. 15 . . 100.50 1,134,867,500.00 181,430,500.00 973,437,000.00 3.2222%).
634% of 1988 (effective rate Nov. 15, 1971 On Nov. 15, 1988 do 99.75 24,352,000.00 6.1493%), Exchange at 99.75. 1,191,909,000.00...-'
7% of 1981 (effective rate Aug.15,1971 On Aug. 15,1981... Feb. and Aug. 15 . . Exchange at 99.20. 812,071,500.00---- ---- > 7.1132%). 99.20 194,862,500.00 --- fi
Qy8% of 1982 (effective rate Feb. 15,1972 On Feb. 15,1982... Feb. and Aug. 15 . . Par-- 571,668,500.00 2 8.3439%).h Exchange at par--. 2,130,527,500.00 - - -- , g
Subtotal 2,702,198,000.00 2,702,196,000.00 O
654%) of 1984 (effective rate Aug. 15,1972 On Aug. 15,1984-.. Feb. and Aug. 15-. Exchange at 99.40. 2,311,879,000.00 ^ 6.4975%). 99.40-- 40,852,000.00..-- --- -.--
00 OO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
00
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued CO
S3
hj O S3
O
Ul
o S3 > S3 Kl O
W
S3
d S3 Ki
Descr ipt ion D a t e W h e n redeemable In te res t p a y m e n t Average price or payab le i da te received (per $100)
A m o u n t issued A m o u n t ret ired A m o u n t ou t s t and ing 2
I N T E R E S T - B E A R I N G D E B T a— Cont inued
Pub l i c I s sues—Cont inued
Marke tab le—Cont inued T r e a s u r y b o n d s f—Continued
43^% of 1987-92 (effective Aug . 15, 1982. ra te 4.2350%) .e
On a n d after A u g . F e b . and A u g . 1 5 - 101 $359,711,500.00. 15,1987; on Exchange a t 99.60.• 118,050,000.00 . Aug . 15, 1992.5 Exchange a t 99.75. 150,959,000.00 .
Exchange a t 99.90. 188,007,000.00 . Exchange a t 99.95. 488,842,000.00 . Exchange a t 100.10. 195,978,000.00 . Exchange a t 100.15. 685,358,500.00 . Exchange a t 100.25. 841,227,500.00 . Exchange a t 100.30. 147,686,000.00 . Exchange a t 100.35. 118,072,500.00 . Exchange a t 100.40. 281,957,000.00 . Exchange a t 100.45. 143,932.000.00 . Exchange a t 100.80. 139,738,000.00 . Exchange a t 101 . . . . 5,410,000.00 Exchange a t 101.15. 122,199,500.00 . Exchange a t 100.70. 34,928,000.00 .
Sub to ta l - 3,817,852,500.00 1,140,000.00 $3,731,712,500.00
4% of 1988-93 (effective r a t e J a n . 1 7 , 1 9 6 3 -4.0082%).
434% of 1989-94 (effective Apr . 18, 1963. rate4.1947%).g .
On and after F e b . 15, 1988; on F e b . 15, 1993.5
On a n d after May 15, 1989; on May 15. 1994.5
F e b . and A u g . 1 5 - 99.85-
May and N o v . 15.. 100.55--. Exchange a t 97,70. Exchange a t 98 Exchange a t 98.35. Exchange a t 98.65. Exchange a t 99.10. Exchange a t 99.40.
Sub to ta l 1,560,466,000.00 86,878,000.00 1,493,588,000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
334% of 1990 (effective rate Feb. 14, 1958 On Feb. 15, 1990 5.. Feb. and Aug. 15.. Exchange at p a r . . 2,719,730,000.00 . 3.4890%) .g Exchange at 99 721,728,000.00 .
Exchange at 100.25. 575,798,500.00 . Exchange at 101.25. 233,236,000.00. Exchange at 101.50. 344,644,000.00 . Exchange at 101.75. 322,275,000.00.
6H% of 1993 (effective rate Jan. 10, 1973 On Feb. 15, 1993.. Feb. and Aug. 15.. 99.50 627,201,000.00 627,201,000.00 6.7940%).
7% of 1003-08 (effective rate May 15, 1073.. On and after May May and Nov. 15.. Exchange at 08.75. 40,000,000.00 7.1076%). 15, 1003; on 98.75.. 851,756,000.00 .
3% of 1995 Feb. 15, 1955 On Feb. 15, 1995 5.. Feb. and Aug. 15.. Par . 821,474,500.00. ^ Exchange at pa r . - 1,923,642,500.00 >
T Subtotal 2,745,117,000.00 1,832,775,500.00 912,341,500.00 Ul
' H 3>^% of 1998 (effective rate Oct. 3, 1960 On Nov. 15, 1998 5. May and Nov. 15- Exchange at p a r . . 2,523,039,000.00 ^
352087o)-8 Exchangeat98 494,804,500.00 > Exchange at99 692,076,500.00 tr' Exchange at 100.25. 419,513,000.00 . --Exchange at 100.50- 333,406,000.00 >
^ : hd Subtotal -- - ---- 4,462,839,000.00 1,206,123,500.00 3,258,715,500.00 2 Total Treasury bonds 51,856,737,000.00 6,791,247,000.00 45,065,490,000.00 "^
Total marketable issues -- --- 273,834,799,000.00 10,869,131,000.00 282,965,668,000.00
Nonmarketable: Certificates of indebtedness: ^
6.55% foreign series Apr. 5, 1973 On 2 days'notice; July 5, 1973 Par-- 44,000,000.00 44,000,000.00 on July 5, 1973.
6.20% foreign serie.s Apr. 17, 1973 On 2 days'notice; July 17, 1973 do 70,000,000.00 70,000,000.00 on July 17, 1973.
Do. do do do do . . 250,000,000.00 250,000,000.00 Do Apr. 18, 1973 On 2 days'notice; July 18, 1973 .-do 25,000,000.00 -.- 25,000,000.00
on July 18,1973. Do - -.-do -do do do 11,000,000.00 .....^ 11,000,000.00 Do Apr. 19, 1973 On 2 days'notice; July 19,1973 do 40,000,000.00 40,000,000.00
on July 19,1973. Do do 1 do do ---do 50,000,000.00 50,000,000.00
See footnotes a t end of table.
X
00 Or
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued
00
Descript ion D a t e W h e n redeemable Interes t p a y m e n t Average price A m o u n t issued A m o u n t ret ired or payab le i da te received (per $100)
A m o u n t ou t s t and ing 2
CO
I N T E R E S T - B E A R I N G D E B T «— Cont inued
Pub l i c I ssues—Cont inued
Nonmarke t ab l e—Cont inued Certificates of indebtedness f—
Con t inued 6.25% foreign series Apr . 26, 1973-
6.30% foreign series-- - - . May 2, 1973.--
6.30% foreign series May 7, 1973.--
6.15% foreign series May 9, 1973--.
D o May 14, 1973-.
D o do D o d o . .
6.20% foreign series May 16, 1973.
D o do
6.45% foreign series May 23, 1973..
7.15% foreign series •_. J u n e 8, 1973--
D o do D o . do
D o - . . J u n e 7, 1973 . .
7.30% foreign series J u n e 20, 1073.
D o do --
7.25% foreign series. J u n e 28, 1973.
D o J u n e 29, 1973-
6.45% foreign series May 9, 1973- . . D o May 14, 1973.. D o May 17, 1973..
J u l y 26, 1073 - . P a r . . .
Aug . 2, 1 0 7 3 . . . . d o .
Aug. 7, 1073 d o .
Aug. 0, 1073 d o .
—do do-do d o .
Aug. 16, 1073 d o .
do d o . Aug . 23, 1073 d o .
Sept. 6, 1073 d o . ,
. On 2 d a y s ' notice; on J u l y 28, 1073,
. On 2 days ' notice; on A u g . 2, 1073.
O n 2 days ' notice; on Aug. 7, 1073.
. O n 2 days ' notice; on Aug . 0, 1073.
. O n 2 d a y s ' n o t i c e ; Aug. 14, 1073 do 1,170,000,000.00 on Aug . 14, 1073
do . do . On 2 days ' notice;
on Aug. 16,1073. do
. O n 2 days ' notice; on Aug. 23,1073.
. On 2 days ' notice; on Sept . 6, 1073.
do - - - - - d o . O n 2 days ' notice;
on Sept. 7, 1073. . O n 2 days ' notice; Sept . 20, 1073 do
on Sept. 20, 1073. do do do
. O n 2 days ' notice; on Sept . 26,1073
. O n 2 days ' notice; on Sept. 28,1073.
. - - N o v . 0, 1073 do
$25,000,000.00
55,000, COO. 00
413,000, 000. 00
105,000, 000.00
261,000, 000. 00 70,000,000.00 65,000, 000.00
15,000,000.00 30,000,000.00
100,000, 000.00
do do do
Sept . 7, 1073 do
Sept. 26, 1073 d o .
Sept. 28, 1073 d o .
do 2,503,000,000.00 601,000,000.00 180,000,000.00
480,000,000.00
200,000,000.00 000, 000, 000.00
652, 200, 000.00
O n N o v . 0, 1073 ? O n N o v . 14, 1073 K N o v . 14, 1073.. On N o v . 16, 1073 L Nov . 18, 1073..
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
J a n . 10, 1073 O n 2 d a y s ' notice; J u l y 10, 1073 on J u l y 10, 1073.
F e b . 2, 1073 On 2 days ' notice; on Aug . 2, 1073.
3,455.80000 Swiss francs.
Aug. 2, 1073 345.60000 Swiss francs.
6.00%, foreign series May 30, 1073 On N o v . 30, 1073 7. N o v . 30, 1073 d o . 7.25% foreign series J u n e 6, 1073 O n Dec . 6, 1073 ^ . Dec . 8, 1073 d o .
T o t a l certificates, foreign series.
5.25% foreign cur rency series.8
5.75% foreign cur rency series.8
T o t a l certificates, foreign cur rency series.
T r e a s u r y notes : ^ 6.00% foreign series 6.45% foreign series 6.30% foreign series 4.60% foreign series 4.87% foreign series 4.05% foreign series 5.00% foreign series 5.05% foreign series 4.80% foreign series 5.60% foreign series .
D o 5.03% foreign series 6.15% foreigii series 6.45% foreign series 7.00% foreign s e r i e s . . . 6.80% foreign series 6.65% foreign series 6.80% foreign series 6.75% foreign series 7.00% foreign series 7,10% foreign series. 6,55% foreign series 8.75% foreign series 6.70% foreign series 5.75% foreign series •.
, 6.65% foreign series. 6.85% foreigii series 6.80% foreign series 2,50% foreign series
D o . 5.00% foreigii series 5.05% foreign series 5.00% foreign series 5.875% foreign series 2.50% foreign series
100,000,000.00 20,000,000.00
100,000,000.00 20,000,000. 00
12,148,200,000.00 12,148,200,000.00
Dec . 31, 1088 On J u l y 2, 1073 9 . . J u l y 7, 1071 On J u l y 9, 1073 7 . . J u l y 14, 1071 O n J u l y 18, 1073 ^. Apr . 27, 1072 O n J u l y 10, 1073 K May 25, 1072 O n Aug . 23, 1073 9. J u n e 22, 1072 O n Sept . 20,1073 K J u l y 20, 1072 O n Oct. 18, 1073 9. Aug . 24, 1072 O n N o v . 20,1073 9. F e b , 2, 1072 O n Dec . 3, 1073 9 . . Sept . 21, 1072 O n Dec . 27, 1073 9. Oct. 26, 1072 O n J a n . 24, 1074 9.. J an . 25, 1 0 7 3 . . . . . . . O n Apr . 25, 1074 9. F e b . 22, 1073 O n May 23, 1074 9. J u n e 25, 1071 O n J u n e 25, 1074 7. Mar. 22, 1073 O n J u n e 27, 1074 9. Mar. 20, 1073 do J u l y 7, 1071 O n J u l y 8, 1074 7 . . J u l y 14, 1071 O n J u l y 15, 1074 ?. Apr . 26, 1073 O n .July 25, 1074 9_ May 24, 1073 O n Aug . 22, 1974 9. J u n e 21, 1973 O n Sept . 19,1974 9. J u n e 25, 1971 O n J u n e 25, 1975 7. J u l y 7, 1971 O n J u l y 7, 1975 7 . . J u l y 14, 1971 O n J u l y 14, 1975 7. Ju ly 19, 1972 O n Mar. 22, 1976 7. J u n e 25, 1971 O n J u n e 25, 1978 7. J u l y 7, 1971 O n J u l y 7, 1978 7 . . J u ly 14, 1971 O n J u l y 14, 1976 7_ Mar. 15, 1972 O n Sept . 15,1976 9. Sept. 15, 1972 On Mar. 15, 1977 9. J u l y 19, 1972 O n Mar. 22, 1977 7. J u n e 26, 1972 O n J u n e 27, 1977 7. J u l y 7, 1972 O n J u l y 7, 1977 7 . . J u l y 14, 1972 O n J u l y 14, 1977 7. J a n . 15, 1973 O n J u l y 15, 1977 9.
J an . a n d J u l y 2 . . . P a r J an . a n d J u l y 9 d o . J an . a n d J u l y 18 d o . J an . a n d J u l y 19 d o . F e b . a n d Aug . 23 d o . Mar. a n d Sept . 20 d o . Apr . a n d Oct . 18 d o . May a n d N o v . 29 d o . J u n e a n d Dec . 3 d o . J u n e a n d Dec . 27 d o . J a n . and J u l y 24 d o . Apr . a n d Oct. 25 d o . May a n d N o v . 23 d o . J u n e a n d Dec . 25 d o . J u n e a n d Dec , 27 d o .
do d o . J an . a n d J u l y 8 - d o . , J a n . a n d J u l y 15 . - d o . , J a n . and J u l y 25 d o . F e b . a n d Aug . 22 d o . . Mar. a n d Sept . 1 9 . . . . - - d o . . J u n e a n d Dec . 25 d o . J an . a n d J u l y 7 d o . , J a n . a n d J u l y 14 d o . Mar. a n d Sept . 2 2 . . d o . . J u n e a n d Dec . 25 d o . J a n . a n d J u l y 7_ d o . . J an . a n d J u l y 14 d o . . Mar. a n d Sept . 15 d o . .
do d o . Mar. a n d Sept . 22 d o . , J u n e a n d Dec . 27 d o . J a n . a n d J u l y 7- d o -Jai i . a n d J u l y 14 do -J a n . a n d J u l y 15 d o -
. On July 7, 1978 7. . On Sept. 22,1978 7_ On Oct, 6, 1978 7... On Feb. 7, 1979 7..
. On Mar, 7, 1979 7..
. On Apr. 6, 1979 7. OnMay 15, 1979 7.
. On July 18, 1979 7.
. On June 23, 1980 7.
Mar, and Sept, 22. P a r . . . $500,000,000,00 June and Dec. 29 do 198,886,237.07 Mar. and Sept. 22 .do 500,000,000.00 Apr. and Oct. 7 do 400,000,000.00 Jan. and July 7 do 400,000,000.00 Mar. and Sept. 22 do 500,000,000.00 Apr. and Oct. 6 do 450,000,000.00 Feb. and Aug. 7 do - -. 400,000,000.00 Mar. and Sept. 7 do 400,000,000.00 Apr. and Oct. 6 d o . - - . 450,000,000.00 May and Nov. 15. do 500,000,000.00 Jan. and July 16 do 500,000,000.00 June and Dec. 23 d o . . . . 600,000,000.00
On Aug. 20, 1973 9. Feb. and Aug. 20.. 345.6000 Swiss f rfi TICS
On Aug. 27, 19739. Feb. and Aug. 27 do.^
On Aug. 30. 1973.- Feb. 28 and Aug, 30 do
14,832,574, 657. 24
On Oct. 2, 19739... Apr. and Oct. 2 . . . 2,900.3000 deutsche marks.
On 2 days' notice; May and Nov. 30.. 345.8000 Swiss on Nov. 30, 1973. francs.
Treasury bonds: ^ ^ 334% Treasury bonds Dec. 23, 1969 On Dec. 23,1979 i". June and Dec. 2 3 - Par 75,000,000.00 - 75,000,000.00 3 33^%, Treasury bonds July 1, 1970 On July 1, 1980 lo.. Jan. and July 1 .-do 75,000,000.00 75,000,000.00 Ui 334% Treasury bonds-.. --- Apr. 1, 1971 On Apr. 1,19811°.. Apr. and Oct. 1 . . . -do 100,000,000.00- 100,000,000.00 g
Total Treasury bonds 250,000,000.00 250,000,000.00 > f
U.S. retirement plan bonds First day of each (compounded semiannual- month. > ly) n f
1986. until owner at-
except in case of death or disabihty.
• 4.15% June 1986 to Dec. do do do 28,878,041.59 3,950,338,73 22,927,702.88 1969.
5,00% - - . Jan . l , 1970 do do do 7,877,291,98 453,618.33 7,423,873.85 5.00%- -- Jan. 1, 1971 do do do 8,296,413.85 295,418,63 8,000,995.22 5.00%-- Jan. 1, 1972 do do do ^ 9,070,012.02 127,805.48 8,942,208.54 5.00% Jan. 1, 1973 dO- - do -do 1,984,300.00 9,900.00 1,974,400.00 Unclassified-- - 77,600.00 27,265.13 50,334.87
Total U.S. retirement - - 74,546,685.49 10,293,882.28 . 64,252,803.23 plan bonds.
See footnotes a t end of table.
^ 3.75% Jan. 1963 to May Not redeemable Indeterminate dO-... 20,363,006.05 $5,429,515.96 14,933,490.09 ^ t?d
u i i n i . <j VV i i c i <a.i/- i_j
tains age 5934 2 O
0 0 CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
E-1953 4.018 19 E-1954 3.868 19 E-1955 3.978 i9 E-1958 4.142 19 E-1957 4.230 ( J a n . ) . . E-1957 4.36819 (Feb , to D e c )
D a t e
F i r s t d a y of each m o n t h .
May to D e c 1941.. J a n . to Dec . 1942.. J a n . to D e c 1943.. J a n . to Dec . 1944.. J a n . to Dec . 1945.. J a n . to D e c 1948.. J a n . to D e c 1947.. J an , to D e c 1948.. J a n , to Dec . 1949.. J a n . to D e c 1950. J a n . to D e c 1951. J an , to A p r . 1952.. May to D e c 1952.
J a n . to Dec , 1953.. J a n , to D e c 1954. J a n . to Dec . 1955. . J a n . to D e c 1956.. J a n . 1957
. F e b . to Dec . 1957.
W h e n redeemable or payab le i
On den iand a t opt ion of owner; 10 years from issue da t e b u t m a y be he ld for addi t ional period. 18
d o . -do do do do . -do do —
- - - - - d o — — . - - . . . . do do do do
On d e m a n d a t opt ion of owner; . 9 years , 8 m o n t h s from issue da te b u t m a y be held for add i t iona l period.18
do do do d o -do-
. On d e m a n d a t opt ion of owner ; 8 years , 11 m o n t h s from
Interes t p a y m e n t da t e
Sold a t a d iscount payab le a t pa r on m a t u r i t y .
do d o . . . do do do do -do d o . — - . do -do d o — do -do
do - . d o . . . . -do -GO
— - d o d o . . .
Average price received (per $100)
75 - - -d o . . . do d o . . . -do do - - . . do do do do d o - — do QO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
-do . , . d o . , . d o . . : d o . . . d o . , . do . , -do- .
issue d a t e b u t m a y be he ld for addi t iona l period. IS
E-1958 4.484 19 J a n . to Dec . 1958 do d o . . E-1959 4.570 ( Jan . to M a y ) . . J a n . to May 1959 do d o . . E -19594 .572 i9 ( Ju i i e toDec , ) . J u n e to Dec . 1959.. On d e m a n d a t do . .
opt ion of owner; 7 years , 9 m o n t h s from issue da te b u t m a y be held for addi t iona l period. 18
E-1960 4.644 19 J a n . to Dec . 1960 do E-1961 4.746 i9 J a n . t o Dec , 1961 . d o E-1962 4.825 i9 J a n . to D e c 1962.. do E-1963 4.890 19 J a n . to D e c 1963 do - - . . E-1964 4.965 19 . - J a n . to D e c 1984 ao E-1965 4.72119 (Jan . to Nov . ) J a n . to N o v . 1965 do E-1965 5.130 ( D e c ) — - Dec . 1965 - - - . O n d e m a n d a t
opt ion of owner; 7 yeai'S from issue d a t e b u t m a y be held for addi t ional period.IS
E-1966 4.877 - J a n . to Dec . 1968 do - . . do . . E-1987 4.826 J a n , to D e c 1967 do do . . E-1988 4.980 ( Jan . to M a y ) . . J a n . to May 1988. . do d o . . E-1988 5.090 ( June t o D e c ) . . J u n e to Dec , 1988 do do . . E-1969 5.200 (Jan, to M a y ) . . - J a n . to May 1989. . do do . . E-1060 5.427 (Jmie to D e c ) . . J u n e to Dec . 1060.. On d e m a n d a t do . .
opt ion of owner; 5 years , 10 m o n t h s from issue da t e b u t m a y be held for addi t iona l per iod. IS - -do - -do - -do
do
E-1070 5.460 ( June to M a y ) . . J a n . to May 1970. . E-1970 5.500 ( June to D e c ) . . J u n e to Dec . 1970.. E-1971 5.500..- -- J a n . to Dec . 1971. . E-1972 5.500 - . . J a n . to Dec , 1972.. E-1973 5.500 Jan , to J u n e 1973 do Unclassified sales and r edemp- ,
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H-1970 5.470 (Jan . to M a y ) . . J a n . to May 1970.-H-1970 5.500 ( June to D e c ) . . J u n e to D e c 1970.. H-1971 5 .500- . J a n . to Dec . 1071 . . H-1072 5.500 J a n . to D e c 1072. . H-1073 5.500. . . . J a n . to J u n e 1073. . Unclassified sales a n d re-
dempt ions .
-do . . - . d o - d o — .do do d o . - -_do - . . d o : do- . . , . do do - do-- --do do do . . - .
754% Series 1977 J u n e 30, 1070. 6 ^ % Series 1080.. - . J u n e 30,1073. 634% Series 1076. - . - . J u n e 30,1969. 634% Series 1078 - . - . . - . J u n e 30,1071. 53^% Series 1079 - J u n e 30,1072. 5 ^ % Series 1075.. J u n e 30,1068. 4M% Series 1074 J u n e 30, 1067.
B o n d s : . , . , Series 1974 Var ious date§
from J u n e 30. 1964.
434% Series 1075 do 434% Series 1076..- do
' 434% Series 1077 d o . . - -434% Series 1078 do - - . 4 H % Series 1070 do 434% Series 1080 - . do 3M% Series 1074 J u n e 30, 1063- - -374% Series 1075 d o — -334% Series 1076 d o — 374% Series 1077 do 374% Series 1078 -do --3M% Series 1074 J u n e 30, 1962 . . . 3M% Series 1975 do 3M% Series 1976 do 33^%, Series 1977 do
See f o o t n o t e s a t e n d of t a b l e .
Redeemab le after 1 year from issue da t e a n d payab le on J u n e 30:
1977.--- -- J u n e 30-Dec. 3 1 - . 1080-, 1076 1978 -.-1979 1975 -.. 1974 -..
On d e m a n d ; on J u n e 30:
-do. , -do-, -do . , - d o -- d o --do- .
P a r 2,951,729,000.00 do 3,051,273,000.00 do 2,000,257,000.00 do 5,835,123,000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CO
a:
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued CO
S)
hj O S3
O
w Ul
O S3
> S3 Ki
O h=j
w
S3
> d ' S3 K|
Description Date When redeemable Interest payment Average price or payable i date received (per $100)
Amount Issued Amount retired Amount outstanding 2
INTEREST-BEARING DEBT » -Continued
Special Issues—Continued
Employees health benefits fund: Certificates:
6.69% Series 1973 Various dates from June 14, 1973.
Employees life insurance fund: Certificates:
6.69% Series 1973 From June 8, 1973.
Exchange Stabihzation Fund: Certificates:
6.45% Series 1973. From June 1, 1973.
Federal Deposit Insurance Corporation:
Certificates: 6.69%, Series 1973 do
Federal disabihty insurance trust fund:
Notes: IViJo Series 1977 June 30, 1970. 6^% Series 1980 June 30,1973., 634% Series 1976 June 30,1969., 634% Series 1978 June 30, 1971., b%% Series 1979 June 30, 1972. 554% Series 1975 June 30, 1968. 434% Series 1974 June 30, 1967.
Bonds: 4H% Series 1979.. : Various dates
from June 30, 1964.
July 1, 1973 July 1, 1973 Par.
do.. .do.. .do..
$155,887,000.00 $133,210,000.00
76,783,000.00 .
do.. .do.. .do.. 2,950,951,567.91 16,850,294.30
do Redeemable after
1 year from dateot issue and paya Die on June 30: 1977 1980.-1976... .-1978 1979 1975 1974.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
434% Series 1980.. do 334% Series 1978 June 30, 1963.... 3M% Series 1975 Various dates
from June 30, 1961.
3^%, Series 1976 . .do 3M% Series 1977 .do 2ys% Series 1975 From June 30,
1959. Federal home loan banks:
Certificates: 6.69%, Series 1973. Various dates
from June 1, 1973.
1980.. 1978.. 4975..
.do.,
.do.,
.do..
.do.,
.do.,
.do..
1976. 1977. 1975.,
.do.. -do., .do..
.do.,
.do.,
.do..
July 1,1973 July 1,1973.. .do,.
Redeemable after 1 year from issue date*, payable on June 30-, 1977 1980... 1978 1979
Federal hospital insurance trust fund:
N^otes' 7%% Series 1977 June 30,1970... 6^% Series 1980 June 30,1973... 634% Series 4978.. June 30, 1971... 5 ^ % Series 1979 June 30,1972...
Federal Housing Administration: Cooperative management hous
ing insurance fund: Certificates:
6.69% Series 1973 June 1,1973 July 1 Rental housing assistance fund:
Certificates: 6.69%, Series 1973. do do
Redeem.able after
June 30-Dec 31 . .do.. do do.. do do.. do do..
, 1973.. Ju ly l , 1973 do..
.do.. .do..
Federal old-age and survivors insurance trust fund:
Notes: 7H% Series 1977 June 30,1970.. 6^% Series 1980 June 30,1973. 6H% Series 1976 June 30,1969. 634% Series 1978 June 30,1971. 5 ^ % Series 1979 June 30,1972. 5 ^ % Series 1975.. June 30,1968. 4 ^ % Series 1974 June 30,1967.
http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
634% Series 1978.. 5 ^ % Series 1979.. 4% Series 1974.. . . 4 % Series 1975. . . .
J u n e 30, 1971. J u n e 30, 1972. A p r . 30, 1969.
do
B o n d s : 4 % Series 1976 4% Series 1977 4% Series 1978 4%, Series 1979 4% Series 1980. 4 % Series 1981 4%, Series 1982 4%, Series 1983
G S A par t ic ipa t ion certificate t r u s t :
Certif icates: 6.69% Series 1973
No te s : 5.90% Series 1 9 7 5 . . . 6% Series 1975.-6.90% Series 1976
.do-, -do--do-. -do., .do-, .do., .do-, -do.
1978... 1979 1974 1975 -
On dem and ; on J u n e 30:
1976 1977 1978 1979
. d o . ,
. do- , -do . , . d o . .
. d o . ,
. do - , - d o . , . d o - .
1981.. 1982.. 1983.
- do . , -do- . . d o . , . d o . , . d o . , - d o . , -do- , -do . .
- d o . , . do - , -do- , -do- , -do . , . d o --do- . -do- .
. d o . .
G o v e m m e n t hfe insurance fund: N o t e s :
7 ^ % Series 1977 634% Series 1980.. 6% Series 1976 534% Series 1978 534% Series 1975 5M% Series 1979.
J u n e 1, 1973 J u l y 1, 1973 Ju ly 1, 1973
N o v . 15, 1972 O n N o v . 15, 1975'- May a n d N o v . 15 . d o . . Dec . 21, 1972 On Dec . 21, 1975 ' . J u n e a n d D e c 21 d o . . Mar. 22, 1973. On Mar. 22, 1976 ' . Mar. a n d Sept . 22 do . .
Redeemable after 1 year from issue da te a n d payable on J u n e 30:
J u n e 30, 1970. J u n e 30, 1973. J u n e 30, 1969.. J u n e 30, 1971. J u n e 30, 1968. J u n e 30, 1972.
B o n d s : 43^% Series 1978.. 434% Series 1979.. 3 K % Series 1974.. 3 ^ % , Series 1975-. 3 ^ ^ % Series 1976..
3 ^ % Series 1977.. 3 ^ % Series 1978..
J u n e 30, 1967 . . . do
J u n e 30, 1960 . . . d o . . -
Var ious da tes from J u n e 30, 1964.
d o . . . . . d o . . .
1977 1980 1976--1978 1975 1979
On demand ; on J u n e 30:
1978 1979 1974 1975--1976
J u n e 30-Dec. 31 - . . d o . . .do- , . d o . , -do-, -do- , -do . .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued
O O
Descr ipt ion
I N T E R E S T - B E A R I N G D E B T » -Cont inued
Special I s sues—Con t inued
G o v e r n m e n t hfe insurance f u n d -Con t inued .
Bonds—Cont inued 334% Series 1974
334% Series 1976 3 ^ % Series 1977
H i g h w a y t r u s t fund: Certificates:
6% Series 1974 . :
N a t i o n a l service hfe insurance fund: Notes :
734% Series 1977 634% Series 1980 634% Series 1976 5 ^ % Series 1978.. 534% Series 1975. ^^2% Series 1979
Bonds : 434% Series 1981 354% Series 1974 3 K % Series 1975 3 ^ % Series 1974
354% Series 1975. 3 ^ % Series 1976 . . . .
D a t e
. Var ious da tes from F e b , 1, 1960.
do do —
J u n e 30, 1 9 7 3 . . . .
J u n e 3 0 , 1 9 7 0 . . . . J u n e 30, 1 9 7 3 . . . . J u n e 30, 1 9 8 9 . . . . J u n e 30, 1971 J u n e 30, 1 9 6 8 . . . . J u n e 30, 1972
J u n e 30, 1 9 6 7 . . . . J u n e 30, I 9 6 0 . . . .
. . . . . d o . Var ious da tes
from J u n e 30, 1965.
do do
W h e n redeemable or payable i
On d e m a n d ; on J u n e 30:
1974
1 9 7 6 — 1977
1 9 7 4 - . -Redeemable after
1 year from da te of issue a n d payab le on J u n e 30:
1 9 7 7 - -1980 - . . 1976-1978-1975 1979
O n d e m a n d ; on J u n e 30:
1981 1974 1975 1974
1975 1976
In te res t p a y m e n t d a t e
J u n e 3 0 - D e c 3 1 . . .
do do
do
do -do do - . . do do - - . . do
do.l do d o . - . . -do
do d o . . -
Average price received (per $100)
P a r -
do do
do
do do -do do do do
do do do
— . . d o -
do do
A m o u n t issued A m o u n t ret ired A m o u n t o u t s t a n d i n g 2
$73,100,000.00
67,799,000.00 49,963,000.00
5,550,051,000.00
569,007,000.00 - . -666,100,000.00 305,419,000.00
1,091,044,000.00 332,597,000.00 481,013,000.00
225 452,000.00 7,873,000.00
386,873,000.00 6,946,000.00
, 6,946,000,00 -I 6,946,000.00 -
$73,100 000. 00
67,799,000.00 49,963,000.00
5,550,051,000. 00
569,007,000.00 666,100,000. 00 305,419,000.00
1,091,044,000,00 332,597,000.00 481,013,000.00
225,452,000.00 7,873,000.00
386,873,000.00 6,946,000.00
6,948,000.00 6,946,000,00
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3 ^ % Series 1977 do 1977 do do 7,512,000.00 7,512,000,00 W%% Series 1978 do 1978 do do 95,560,000.00 95,560,000.00 3H% Series 1979 do 1979 do do. 393,819,000.00 393,819,000.00 3 ^ % Series 1980 do 1980 do . . . . do 393,819,000.00 393,819,000.00 3H% Series 1978... June 30, 1968 1978 -do do 298,259,000.00 - . 298,259,000.00 314% Series 1976 June 30, 1962 1976 do do 43,724,000.00 43,724,000.00 3 ^ % Series 1977 do 1977 do do 386,307,000.00 336,307,000.00 3H% Series 1976 June 30,1961 1976... do do 343,149,000.00 343,149,000.00 3% Series 1974 Feb. 1, 1960 1974 do do 379,000,000,00 379,000,000,00
Postal service fund: Certificates:
5.61% Series 1973. Jan. 1. 1973 July 1, 1973 July 1, 1973 do 300,000,000,00 300,000,000.00 5,48% Series 1973 Oct. 18, 1972 July 18, 1973 July 18, 1973 do 350,000,000.00 350,000,000.00 7.09% Series 1973 May 23,1973 Nov. 23, 1973 Nov. 23, 1973 do 20,000,000.00 20,000,000.00 7,40% Series 1974 June 7,1973 June 7, 1974 June 7,1974 do 75,000,000.00 75,000,000,00 7.36% Series 1974 June 11, 1973 June 11, 1974 June 11, 1974 do 75,000,000,00 75,000,000.00
Redeemable after ^ 1 year from !^ date of issue S
Railroad retirement account: and payable on Notes: June 30: O)
7^% Series 1977 June 30, 1970 1977 June 30-Dec 31 do 847,447,000.00 847,447,000.00 ^ 6K% Series 1980 June 30, 1973 1980 do do 1,007,618,000.00 - 1,007,618,000.00 f 634% Series 1976 June 30,1969 1976 do do 647,948,000.00 $395,470,000.00 252,478,000.00 > 6H%Seriesl978 June 30,1971 1978 do do 819,501,000.00 819,501,000.00 tr" 5 ^ % Series 1979 June 30, 1972 1979 do do 796,856,000.00 796,856,000.00
Railroad retirement holding ac- > coimt: On demand; on 3
Certificates: June 30: 2 6^% Series 1974 June 30, 1973 1974 do do 3,785,000,00 3,785,000,00 g
Railroad retirement supplemental 2 account:
•
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6M%oSeries 1974.. do do do do 38,531,000.00 38,531,000.00 "^ Unemployment trust fund:
Certificates: 5M%) Series 1974 do do do do 8,330,098,000.00 8,330,098,000.00
See footnotes at end of table.
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Descript ion
I N T E R E S T - B E A R I N G D E B T '^ Cont inued
Special I s sues—Cont inued
Veterans reopened insurance fund: Notes :
7 H % Series 1974 ' 754% Series 1975 . .
754% Series 1976 754% Series 1977 654% Series 1974 654% Series 1975. 654% Series 1978 654% Series 1977 654% Series 1978 654% Series 1979 65^% Series 1 9 8 0 - ^ . . . . . 634% Series 1974 634% Series 1975 634% Series 1976 6 H % Series 1974. 634% Series 1975 634% Series 1976 634% Series 1977 . . 634% Series 1978 5 K % Series 1974 5M% Series 1975 5 H % Series 1976 5 ^ % Series 1977 5 ^ % Series 1978 5 ^ % Series 1979
Vete rans special life insurance fund Notes :
554% Series 1974 55^% Series 1975 5^^% Series 1976 . . 554% Series 1977
TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued
D a t e
. J u n e 30, 1970. do
- do d o -
. J u n e 30, 1973. -do - . do - . do do
-do - -. . . . . . d o . J u n e 30, 1969. - do
do - J u n e 30 ,1971 . .
do -do
- do do
. J u n e 30, 1972. - do
do - - . do do do - . .
- J u n e 30, 1973. do d o . . . — . . do
W h e n redeemable or payable i
Redeemable after 1 year from issue da t e and payab le on J u n e 30:
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55^% Series 1978 do 5H% Series 1979 do 5 ^ % Series 1980 do 534% Series 1974 June 30, 1972. 5}47o Series 1975 do 5K% Series 1976 do 534% Series 1977 . . . . do 534% Series 1978 do. . . 534% Series 1979 . . . . do 5% Series 1974 June 30,1971. 5% Series 1975 ..do 5% Series 1976 do 5% Series 1977 d o . . . . . . . 5% Series 1978 do AH% Series 1974 June 30, 1970. 4 ^ % Series 1975 do 4 ^ % Series 1976 . . .do 4M% Series 1977 do 434% Series 1974 June 30, 1969. 4H% Series 1975 do 4 ^ % Series 1976 do
Old debt matured (issued prior to Apr. 1,1917) 21 b 22 $1,372,240.26 2H% postal savings bonds • 22118,120.00 First Liberty bonds, at various Interest rates d 22 465,450.00 Other Liberty bonds and Victory notes, at various interest rates * 4,148,900.00 Treasury bonds, at various interest rates • 95,929,900.00 Adjusted service bonds of 1945 • 702,750.00 Treasurynotes, at various interest rates * 46,436,400,00 Treasury savings notes • 208,300,00
Title Amount outstanding
MATURED DEBT ON WHICH INTEREST HAS CEASED—Con.
Treasury notes, tax series • '. $66,025.00 Certiflcates of indebtedness, at various interest rates • 119,150.00 Treasury bills • 36,772,000.00 Treasury savings certificates •» 22 66,000.00 U.S. savings bonds • 34,054,386.55 Armed Forces leave bonds* 4,037,400,00
Total matured debt on which interest has ceased 224,497,021.81
See footnotes a t end of table.
O 00
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o TABLE 28.—Description of puhlic deht issues outstanding June 30,1973—Continued F^
Title Amount H-* outstanding co
: M CO
DEBT BEARING NO INTEREST S3
Special note of the United States (the note is nonnegotiable, bears no Interest, and is payable on de nand): W International Monetary Fund series (Issued pursuant to the provisions of the Bretton Woods Agreements Act, approved July 31, 1945 (22 U.S.C. 286e), ^
and under the authority of and subject to the provisions of the Second Liberty Bond Act, as amended) - $825,000,000.00 g Mortgage Guaranty Insurance Company Tax and Loss Bonds (Issued pursuant to Sec, 832(e), Internal Revenue Code of 1954). These securities are exempt 2
from all taxation now or hereafter imposed on the principal by any State or any possession of the United States or of any local taxmg authority 41,045,134.07 U.S. savings staraps (Public Debt Act of 1942 (31 U.S.C. 757c)) 48,705,986.13 Excess profits tax refund bonds were issued under authority of and subject to the provisions of the Second Liberty Bond Act, as amended, and sections
780 to 783, inclusive, of the Intemal Revenue Code of 1939, as amended. These bonds did not bear interest and were payable at the option of the owner after Jan. 1, 1946. The first series matured on Dec. 31, 1948, and the second series on Dec. 31,1949: H
First Series - 340,921.28 •• Second Series 237,753.08
Total excess profits tax refund bonds 578,674.36
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Old demand notes (actsof July 17,1861 (12 Stat. 269); Aug. 5,1861 (12 Stat. 313); Feb. 12,1862 (12 Stat. 338)). (The $60,030,000 Issued Includes $80,000,000 author- O ized to be outstanding and amounts issued on deposits including reissues.) - 22 52.917.50 S3
Fractional currency (acts of July 17, 1862 (12 Stat. 592): Mar. 3, 1863 (12 Stat. 711); June 30, 1864 (13 Stat. 220)). (The $368,724,080 issued includes $50,000,000 W authorized to be outstanding and amounts Issued on deposits including reissues,) 22 231,985.091.29 t^
Legal tender notes (acts of Feb. 25, 1862 (12 Stat. 345); July 11, 1862 (12 Stat. 532); Mar. 3, 1863 (12 Stat. 719); May 31, 1878 (31 U.S.C. 404); Mar. 14,1900 (31 > U.S.C. 408); Mar. 4, 1907(31 U.S:C. 403)). (Greatest amount ever authorized to be outstanding $450,000,000.) 22322,539,016.00 S3
Old series currency (31 U.S.C. 912-916) - - 224^538^102.00 ^ Sllver certificates (act of June 24, 1967) •. 22 23 213,375,751.00 National bank notes, redemption account (act of Julv 14. 1890 (3i U.S.C. 408)) 222319,860,570.50 O Federal Reserve bank notes, redemption account (act of Dec. 23, 1913 (12 U.S.C. 467)) 222351^704,801.00 ^ Thrift and Treasury savings stamps , 22 3,696,991.75 ,
Total debt bearing no interest 1,533,063,035.60 W — tpd
SUMMARY Gross debt (including $34,237,207,712.48 to finance expenditures of Govemment corporations for which securities of such corporations are held by the Treasury). 458,135,897,927.06 ^ Debt of U.S. Government agencies ' 431,709,800.00 ^
Total gross public debt and debt of U.S. Government agencies 458,587,407,727.06 2 Deduct debt not subject to statutory hmitation 24 619,755,051.30 ^ Add participation certificates (12 U.S.C. 1717(c)) 1,135,000,000.00 l^ Total debt subject to limitation 24 459,082,652.675.76
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^ Payable on date Indicated except where otherwise noted. Where 2 dates are shown for Treasury bonds, flrst date is earUest call date and second date is maturity date.
» Reconcihation by classiflcation to the basis of daily Treasury statement is shown In table 26.
«Treasury bills are shown at maturity value and are sold on a discount basis with competitive bids for each Issue. The average sale price on these series gives an approximate yield on a bank discount basis (360 days a year) as Indicated opposite each issue of bills. This yield differs slightly from the yield on a tme discount basis (365 or 366 days a year) which Is shown In the summary table 26.
4 Settlement made subsequent to last day of month in which bills matured. * Redeemable at par and accmed Interest to date of payment, at any time upon the
death of the owner at the option of the duly constituted representative of the deceased owner's estate, provided entire proceeds of redemption are applied to payment of Federal estate taxes on such estate.
8 Of this amount, $33,834,600 face amount was Issued In exchange for Series F and G savings bonds maturing In the calendar years 1963 and 1964, and $102,000 face amount was Issued for cash,
' Redeemable prior to maturity upon proper advance notice in which case the Interest rates would be adjusted downward to reflect the shorter life oi the obligation.
8 The principal dollar equivalent of this security Increased as a result of the revaluation ofthe deutsche mark on Feb. 13 1973, The Increase In the principal amount wiU be absorbed by the Exchange Stabihzation Fund upon redemption.
' Redeemable prior to maturity In whole or In part a'' per agreement. >o These bonds are subject to call by the United States for redemption prior to
maturity. 11 Issued at par. Semiannual Interest Is added to principal. " May be exchanged at option of owner for marketable IH percent 6-year Treasury
notes, dated Apr. 1 and Oct. 1 Immediately preceding the date of exchange. i» Includes $316,389,000 of securities received by Federal National Mortgage Associa
tion In exchange for mortgages. " Amounts Issued and retired for series E savings bonds and for savings notes In
clude accmed discount; amounts outstanding are stated at current redemption value. Amounts Issued, retired, and outstanding for series H are stated at par value.
1* Redeemable after 1 year from issue date at option of owner. 1' At option of owner, savings notes may be held and wIU accrue Interest for additional
10 years. " Unclassified redemptions of savings notes are Included In unclassified redemptions
of series E savings bonds beginning May 1, 1968. 18 At option of owner, bonds dated May 1, 1941. through Apr. 1, 1962, may be held
and will accrue Interest for additional 30 years: bonds dated May 1,1952, through Jan. 1, 19.'»7, may be held and will accrue Interest for additional 20 years; bonds dated on and after Feb. 1, 1957, may be held and will accrue Interest for additional 10 years.
" Represents a weighted average of the approximate yields of bonds of various Issue dates within the yearly series tf held to maturity or If held from Issue date to end of applicable extension period, computed on the basis of bonds outstanding June 30,1972. (For details of yields by Issue dates, see Treasury Circulars No. 653 (Eighth Revision) for series E and No. 905 (Fifth Revision) for Series H dated Dec. 12,1969.)
M Bonds dated June 1,1962, through Jao. 1,1967, may be held and will earn Interest for addition^ 20 years: bonds dated Feb. 1, 1957, throush Nov. 1, 1965, may be held and will earn Interest for additional 10 years.
'1 For detailed Information see 1956 Annual Report, page 435. 22 Not subject to the statutory debt limitation. 23 After deducting amounts ofladally estimated to have been lost or Irrevocably
destroyed, 24 For statutory limit on the public debt, see tables 31 and 32.
AUTHORIZING ACTS:
(a) Sept. 24, 1917, as amended. (b) Various. (c) June 25,1910. (d) Apr. 24, 1917.
TAX STATUS:
(e) Treasury bills are not considered capital assets under the Intemal Revenue Code of 1954. The difference between the price paid for the bills and the amount actually received upon their sale or redemption at maturity for Federal Income tax purposes is to be treated as an ordinary gain or loss for the taxable year in which the transaction occurs.
(f) Income derived from these securities is subject to all taxes now or hereafter Imposed under the Internal Revenue Code of 1954.
(g) III some cases any gain or loss derived from the exchange will be taken Into account for Federal income tax purposes upon the disposition or redemption of the new securities. See tabU^ 29 for securities involved.
(h) Where this security was issued in connection with the advance refunding exchange, the Secretary of the Treasury has declared, pursuant to Section 1037(a) of the Internal Revenue Code of 1954, that any gain or loss on account of the exchange may be taken into account for Federal Income tax purposes either In the taxable year of the exchange or (except to the extent that cash was received) In the taxable year of disposition or redemption of the securities received In the exchange. Any gain to the extent that cash was received by the subscriber (other than an Interest adjustment) must be recognized in the year of the exchange. For those securities included In the advance refunding see table 29.
(i) These issues, being investments of various Government funds and payable only for the account of such funds, have no present tax liabihty. I
MEMORANDUM RELATING TO OTHER SECURITIES:
Securities of the United States payable on presentation: U.S. book entry interest... - $31,202,737.09 U.S. registered Interest checks payable 9,165,398.08 U.S. Interest coupons due and outstanding 94,942,898.83 Interest payable with and accrued discount added to principal
of U.S. securities 126,384,991.59
Total 261,696,025,59
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106 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 29.—Securities issued in advance refunding operations
D a t e of exchange and description of securities Issued
A m o u n t Issued
(In mil
lions)
Securities exchanged
J u n e 23, 1960: 3 ^ % note . May 16, 1964-D 3$3,893.3 2 H % bond , N o v . 16, 1 9 6 1 . . . . 3J4% bond . May 15, 1988 3320.3 234% bond, N o v . 15, 1 9 6 1 . . . .
Oct . 3, 1960: 334% bond, N o v . 16, 1980. »643.4 2 ^ % bond . J u n e 15.1962-67.. 334% bond, F e b . 16, 1990 * 3 992.7 234% bond, Dec . 15, 1983-68. -MAo; hond N o v 15 1998 /31,094.8 234% bond, J u n e 15, 1964-69. 3 /5% bond, NOV. 15, 1998 (31,247,7 2>i% bond, D e c 15, 1964-69.
Mar. 30, 1961: 3 H % bond , N o v . 15,1966.
3 ^ % bond , N o v . 15,1967
Sept . 29,1961:
3>5% bond, N o v . 16, 1980 *.
2,342.5
3 2,437.6 3 1,131.3 31, 295.5 31,176. 7
3,603.6
234% bond , Aug. 16, 1963 2 ^ % note , F e b . 15, 1963-A. . . 2}4% bond, J u n e 15, 1969-62.. 23^% bond, Dec . 15, 1969-62..
f31,034. 7 2}47o bond . Mar. 15, 1965-70.. I 3 237.8 234% bond, Mar. 16, 1966-71..
334% bond . Mar. 16, 1990 *.
3^^% bond, N o v . 15, 1998 4.
j 3 721.7 234% bond , Mar. 16, 1965-70..
-1 3 675.8 2}4% bond. Mar. 16, 1966-71..
1,297.6
/ 3494.8 2}4% bond . Mar. 16, 1965-70.. - \ 3 692.1 234% bond . Mar. 16, 1966-71. .
1,186.9
Mar. 9, 1962:
4% bond, Aug . 16, 1971 {!
4% bond, F e b . 15,1980*
3 ^ % bond, F e b . 15, 1990 *
3>^% bond , N o v . 16, 1998 *.
Sept . 20, 1962:
3 ^ % note . Aug . 15, V^V-A
4% bond , A u g . 15,1972..
3 1,164.3 3 % bond , F e b . 15, 1964
3 1,651.4 254% bond, F e b . 15, 1965
2,806.7
3 662.6 254% bond , F e b . 15, 1965 3 233. 2 234% bond, J u n e 15. 1967-72.. 3 344.6 234% bond, Sept . 15, 1987-72. 3 322.3 2>^% bond, Dec . 15, 1967-72..
900.1
3 180 5 2}4% bond, J u n e 15, 1967-72.. 3 419.6 234% bond, Sept . 15. 1967-72. 8 333.4 2 H % bond, D e c 15, 1967-72..
933.4
334%ctf.. F e b . 16, 1963-A. . 2 % % note, F e b . 16, 1963-A.. 3>i% note, F e b . 15, 1963-E.. 3>i% ctf., May 15, 1963 -B . . . 3 ^ % ' n o t e , May 15, 1963-D. 4% note . May 15, 1 9 6 3 - B . . .
3 ^ % ctf., F e b . 16 ,1963-A. . 2 ^ % note , F e b . 16, 1963-A-334% note, F e b . 16. 1963-E. 334% ctf., M a y 16 ,1963-B. . . 3 ^ % note . May 16,1963-D. 4% note . May 1 5 , 1 9 6 3 - B . . .
6,281.7
' 8 370.3 8 269.0 3 402.0 8 448.7 3 719. 7
, 8 378.8
2,678.6
Price per $100 face
value
$100,00 100,00
100.00 100.00 100.00 100,00
100.00 100.00 100.00 100.30
102.25 103.60
99.00 100.25
98.00 99,00
100.00 102.00
100.25 101.25 101.50 101.76
100.00 100.26 100.50
99.60 99.90 99.60 99.60 99.60 99.00
99.30 99.70 99.40 99.40 99.40 98.80
Effec- Invest-tlve ment
yield 1 yield 2
Percent
3.75 3.88
3.60 3,60 3.50 3.60
3.38 3.62 3.62 3.67
3,34 3,26
3.66 3.49
3.60 3.66
4.00 3.75
3.98 3.43 3.42 3.40
3.50 3.49 3.48
3.86 3.77 3.84 3.84 3.85 3.98
4.09 4.04 4.07 4.07 4.08 4.15
Percent
4.24 4.14
3.92 3.96 3,97 3.99
3.63 3.75 3.75 3,76
4.16 4.16
4.23 4.21
4.19 4.19
4.11 4.10
4.20 4.21 4,21 4.19
4.19 4.19 4.17
3.81 3.80 3.81 3,81 3.81 3.83
4.06 4.05 4.06 4.06 4.06 4.07
See footnotes a t end of table.
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STATISTICAL APPENDIX 107
TABLE 29.—Securities issued in advance refunding operations—Continued
Date of exchange and description of securities Issued
Amount Issued
(in mil
lions)
Securities exchanged
Price per Effec- Invest-$100 tive ment face yield i yield*
P e r c e n t 4.13 4.10 4.21 4.09 4.18 4.12 4.08 3.93
4.21 4.19 4.26 4.19 4.22 4.20 4.16 4.09
4.23 4.23 4.26 4.22 4.24 4.23 4.21 4.18
7.13 6,22 7.05 6.17
P e r c e n t 4.16 4.18 4.18 4.18 4.18 i.18 4.18 4.17
4.23 4.24 4.24 4.24 4.24 4.24 4.24 4.24
4.24 4.28 4.28 4.26 4.26 4.28 4.28 4.28
6.34 6.37 6.36 6.37
99.579162 100 800915
99.389120 103.023866 -99.693864 99.418341
99 512220 . ' 98.979162
100. 000915 98.789120
102,423856 99.093864 98.818341
1 The effective rate of interest on the new Issue Is the coupon rate adjusted for the amount paid by or paid to the Treasury as discount or premium on the new security exchanged for eligible securities originally issued at par. For eligible securities originally issued 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 refunding.
2 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.
8 Gain or loss on exchange deferred In accordance with sec. 1037a of the Internal Revenue Code. * Additional issue.
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no 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 30.—Description of agency securities and D.C. Armory Board Stadium bonds subject to statutory limitation, J u n e 30, 1973
[On basis of daily Treasury statements, see "Bases of Tables"]
Securities
UNMATURED D E B T
District of Columbia Armory Board Stadium bonds of 1970-79 issued under the actof Sept. 7, 1957, as amended (2 D.C. Code 1722-1727)12
Federal Housing Administration debentures issued under the act of June 27,1934, as amended (12 U.S.C. 1701-1750g)3 *
Mutual mortgage insurance fund: Series AA Series AA - - - 1 Series AA -- . Series AA . . Series AA -Series AA -Series AA Series AA : --. Series AA . . . . -Series AA - . . .:. ----Series AA - . : -Series AA -Series AA-
Cooperative management housing insurance fund: Series NN -Series NN . . Series NN . . Series NN Series NN Series NN Series NN
General Insurance fund: General insurance:
Seri Sen Seri Seri Seri Seri Seri Seri Seri Seri Seri Seri Seri Seri Seri Sen Seri Sen Seri Seri
es MM. es MM-es MM. ies MM. es MM. es MM-es MM-les MM-es MM. es MM. esMM-es MM-es MM. es MM. es MM. ies MM-es MM. es MM. ies MM. ies MM-
Armed services housing mortgage insurance fund: Series F F - - -Series. FF -- -Series FF - . . .
Housing insurance fund: Series BB -Series B B Series BB --Series B B --- -. Series BB - . . -Series BB -Series BB - --Series BB Series BB---- .--
National defense housing insurance fund: Series GG Series GG Series GG Series GG - -- - . . Series GG - --Series GG Series GG - -
Sec 220 housing insurance fund: Series CC Series CC -Series CC -Series CC
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STATISTICAL APPENDIX H I
T A B L E 30.—Description of agency securities and D.C. Armory Board Stadium bonds subject to statutory limitation, J u n e 30, 1973—Continued
Securities Rate of Amount interest
UNMATURED DEBT—Continued
Federal Housing Administration debentures issued under the act of June 27, 1934, as amended (12 U.S.C. 1701-1750g)3 *—Continued
General insurance fund—Continued Percent Sec 221 housing insurance fund:
Series DD 334 $16,700.00 Series DD 334 1,650.00 Series DD 3H 1,125,050.00 Series DD 334 8,800,250,00 Series DD - 354 1,392,05000 Series DD 3>g 51,750,00 Series DD 4 51,150.00 Series D D . - --- - 434 47,05000
Servicemen's mortgage insurance fund: Series EE 2% 25,550.00 Series EE 234 114,100.00 Series EE 3 114,700.00 Series EE 334 608,100.00 Series EE- . . ' . - - 334 104,150.00 Series EE 354 287,300.00
, Series EE 334 1,177,450.00 Series EE - . . 3 ^ 398,95000 Series EE 334 594,600.00 Series EE - 4 562,85000 Series EE- Vs 1,455,90000
Title I housing insurance fund: Series R 254 26,800.00 Series T 3 73,150.00
War housing Insurance fund: Series H 2 ^ 564,500.00
Subtotal 411,845,000.00
Total unmatured debt 431,445,000.00
MATURED DEBT 5
Commodity Credit Corporation, Interest- 11. 25 District of Columbia Armory Board, interest - - 116,340. 00 Federal Farm Mortgage Corporation:
Principal -- .- - 65,200.00 Interest 28,896,20
Federal Housing Administration: Principal - 5,450 00 Interest 2,185,29
Home Owners' Loan Corporation: Principal - 194,150.00 Interest - - 82,342.60
Total matured debt (principal and interest) - 474,594.59
Total 431,919,594.59
1 Issued on June 1,1980, at a price to yield 4.1879 percent, but sale was not consummated until Aug. 2,1960, Interest Is payable semiannually on June 1 and Dec 1. These bonds are redeemable on and after June 1,1970, and mature on Dec 1,1979.
2 The securities and the Income derived therefrom, and gain from the sale or other disposition thereof or transfer as by inheritance or gift, are subject to taxation by the United States, but are exempt both as to principal and interest from all taxation, except estate and inheritance taxes, imposed by the District of Columbia.
3 Issued and payable on various dates. Interest is payable semiannually on Jan. 1, and July 1, All unmatured debentures are redeemable on any interest day or days, on 3 months' notice.
* Under the Public Debt Act of 1941 (31 U.S.C. 742a), income or gain derived from these securities is subject to all Federal taxes now or hereafter imposed. The securities are subject to surtaxes, estate, inheritance, or gift taxes whether Federal or State, but are exempt from all taxation now or hereafter Imposed on the principal or interest thereof by any State, municipahty, or local taxing authority. Debentures issued on
. contracts entered into before Mar. 1, 1941, are exempt from all taxation except surtaxes, estate, inheritance, and gift taxes,
5 Funds are on deposit with the Treasurer of the United States for payment of principal of $264,800 and interest of $209,794.59,
NOTE.—For securities held by the Treasury see table 107.
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112 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 31.—Debt subject to statutory limitation, June 30, 1973
[In millions of dollars]
PART I.—STATUS UNDER LIMITATION, JUNE 30,1973
The statutory debt limit estabhshed by the Second Liberty Bond Act, as amended (31 U.S.C. 757b)i...-l 465,000
Amounts outstanding subject to statutory debt limitation: U.S. Government securities issued under the Second Liberty Bond Act, as
amended--.i 457,522 De'bt of U.S. Government agencies 432 Participation certificates (12 U,S,C. 1717(c)) - 1,135
Total amount outstanding subject to statutory debt limitation.!.- 459,089
Balance issuable under hmitation 5,911
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STATISTICAL APPENDIX 1 1 3
TABLE 31.—Deht subject to statutory limitation, June 30, 1973—Continued
[ In millions of dollars]
^PART IL—APPLICATION OF STATUTORY LIMITATION, JUNE 30,1973
Public issues—nonmarketable: Certificates of indebtedness:
Foreign series 12,148 Foreign currency series 187
Treasury notes: Foreign series 14,633 Foreign currency series 1,556
Treasury bonds 250 Treasury certificates 374 Treasury notes 55 U.S. savings bonds 59,418 U.S. savings notes ^ 519 U.S. retirement plan bonds 64 Depositary bonds ; . 19 Treasury bonds, REA series 7 Treasury bonds. Investment series 2,275 Certificates of Indebtedness—State and local government series 3 Treasury notes—State and local government series 59 Treasury bonds—State and local government series 76
Total nonmarketable public issues 91,644
Special issues to Government agencies and tmst funds 101,738
Total interest-bearing debt -. 456,353,
Matured debt on which interest has ceased 255
Debt bearing no interest: Special note ofthe United States:
International Monetary Fund series 825 Mortgage Guaranty Insurance Company tax and loss bonds 41 U.S. savings stamps 49 Excess profits tax refund bonds.. 1 U.S. notes - 323 Deposits for retirement of national bank and Federal Reserve bank notes 72 Silver certificates 213 Other debt bearing no interest 10
Total debt bearing no interest 1,533
Total public debt 2 ..-'. 458,142
Debt of U.S. Government agencies: Interest-bearing debt 431
Matured debt on which interest has ceased (*)
Total debt of U.S. Government agencies 432
Total public debt and debt of U.S. Government agencies 458,573
Deduct debt not subject to hmitation 620 Add participation certificates 1,135
Total subject to limitation 459,089
*Less than $500,000. 1 The following table details amendments to the act. 2 Includes pubhc debt Incurred to finance expenditures of wholly owned Government corporations and
other activities in exchange for which securities ofthe corporations and activities were issued to the Treasury. See table 107.
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1 1 4 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 32.—Debt limitation under the Second Liberty Bond Act, as amended, 1917-73
Date and act History of legislation Amount of limitation
Sept. S4,1917 40Stat.288 S e e l authorized issuance of ftonrf* In the amount of $7,638,945,460 40 Stat. 290 Sec. 5 authorized certificates of indebtedness outstanding 4,000,000,000
Apr. 4,1918 40 Stat. 502 Amended sec. 1, increasing bond Issuance authority to 12,000,000,000 40 Stat. 504 Amended sec. 5, Increasing authority for certificates outstanding t o . . . 8,000,000,000
July 9, 1918 40 Stat. 844 Amended sec. 1, Increasing bond issuance authority to 20,000,000,000
Mar. 5, 1919 40 Stat. 1311 Amended sec. 5, increasing authority for certificates outstanding to 10,000,000,000 40 Stat. 1309 Added sec. 18, authorizing Issuance ot notes In the amount of 7,000,000,000
Nov. 23, 1921 42 Stat. 321 Amended sec. 18, providing limit on no M outstanding 7,600,000,000
June 17, 1929 46 Stat. 19 Amended sec. 6, authorizing fotf/s in addition to certificates of Indebted
ness outstanding 10,000,000,000 Mar. 3, 1931
46 Stat. 1506 Amended sec. 1, increasing bond Issuance authority to 28,000,000,000
Jan. SO, 1934 48 Stat. 343 Amended sec. 18, Increasing authority for notea outstanding to 10,000,000,000
Feb. 4,19S6 49 Stat. 20 Amended sec. 1, providing limit on 6(mrf« outstanding 25,000,000,000 49 Stat. 21 Added sec. 21, consolidating authority for certificates and bills (sec. 6)
and authority for notes (sec. 18) outstanding 20,000,000,000 May 26,1938
62 Stat. 447 Amended sec. 21, consolidating authority for bonds, notes, certificates of Indebtedness, and bills outstanding {bonds limited to $30 billion).. 45,000,000,000
July SO, 1939 63 Stat. 1071 Amended sec. 21. removing limitation on bonds without changing
authorized total of bonds, notes, certiflcates of indebtedness, and bills outstanding 45,000, 000,000
June 26,19^0 54 Stat. 626 Amended sec. 21, adding new authority for Issuance of $4 billion
National Defense Series obligations outstanding 49,000,000,000 Feb. 19,1941
66 Stat. 7 Amended sec. 21, eliminating authority for $4 billion of National Defense Series obligations and increasing limitation to 65,000,000,000
Mar. 28,1942 56 Stat. 189 Amended sec. 21, Increasing limitation to 125,000,000,000
Apr. 11,1943 57 Stat. 63 Amended sec. 21, Increashig limitation to. . 210,000,000,000
June 9,1944 58 Stat. 272 Amended sec. 21, Increasing limitation to 260,000,000,000
Apr. S, 1946 ^ 69 Stat. 47 Amended sec. 21, Including obligations guaranteed as to principal
and Interest by the United States and Increasing limitation to 300,000,000,000 June 26,1946
60 Stat. 316 Amended sec. 21, defining face amount of savings bonds to be current redemption value and decreasing limitation tp 276,000,000,000
Aug. 28.1964 68 Stat. 895 Increased sec, 21 limitation by $6 biUIon during period beghinlng
Aug. 28, 1954, and ending June 30, 1956.. 281,000,000,000 June SO, 1966
69 Stat. 241 Amended act of Aug. 28, 1954, extending Increase In limitation until June 30, 1956 281,000,000,000
July 9,1966 70 Stat. 619 Increased sec. 21 limitation by $3 billion during period beginning
July 1, 1956, and ending June 30-1957.... 278,000,000,000 Temporary Increase terminated July 1,1957, and limitation reverted to . 276; 000,000,000
Feb. 26,1968 72 Stat. 27 Increased sec. 21 limitation by $5 biUlon during period beginning
Feb. 26, 1968, and ending June 30, 1969.. 280,000,000,000 Sept. 2, 1968
72 Stat. 1758 Amended sec. 21, Increasing limitation tb $283 billion, which, with temporary increase of Feb. 26, 1958, made limitation 288,000,000,000
June SO, 1969 73 Stat. 166 Amended sec. 21, increasing limitation to $288 billion, and Increased
sec. 21 limitation by $10 biUlon during period beglnnhig July 1,1969, and endhig June 30,1960 296,000,000,000
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STATISTICAL APPENDIX 1 1 5
TABLE 32.—Deht limitation under the Second Liberty Bond Act, as amended, 1917-73—Contmued
Date and act History of legislation Amount of limitation
June SO, 1960 74 Stat. 290 Increased sec. 21 limitation by $8 billion during period beginning
July 1,1960, and ending June 30,1961 $293,000,000,000 June SO, 1961
78 Stat. 148 Increased sec. 21 limitation by $13 billion during period beginning Ju ly l , 1961, and ending June 30,1962 298,000,000,000
Mar. IS, 1962 76 Stat. 23 Increased sec. 21 limitation by $2 billion (In addition to temporary
increase of $13 billion in act of June 30,1961) during period beguming Mar. 13,1962, ahd ending June 30,1962.. 300,000,000,000
July 1,1962 76 Stat. 124 Increased sec. 21 limitation during the periods:
(1) beginning July 1, 1962, and ending Mar. 31, 1963, to 308.000,000,000 (2) beginning Apr. 1, 1963, and ending June 24,1963, to 306,000,000.000 (3) beginning June 26, 1963, and ending June 30, 1963, to 300,000,000,000
May 29, 196S 77 Stat. 50 Increased sec. 21 limitation during the periods:
(1) beginning May 29, 1963, and ending June 30, 1963, to 307,000.000.000 (2) beginning July 1, 1963, and ending Aug. 31, 1963, to 309,000.000.000
Aug. 27,1969 77 Stat. 131 Increased sec. 21 limitation during the period beginning Sept. 1, 1963,
and ending Nov. 30, 1963, to „ 309,000,000.000 Nov. 26, 196S
77 Stat. 342 Increased sec. 21 limitation during the periods: (1) beginning Dec. 1, 1963, and ending June 29,1964, to 315,000,000,000 (2) ending June 30,1964, to 309,000,000,000
June 29,1964 78 Stat. 225 Increased sec. 21 limitation during the period beginning June 29,1964,
and ending June 30, 1965, to 324,000,000,000 June 24,1966
79 Stat. 172 Increased sec. 21 limitation during the period beginning July 1, 1965, and ending June 30, 1966. to „ 328,000.000,000
June 24. 1966 iQ Stat. 221 Increased sec. 21 limitation during the period beginning July 1, 1966,
and ending June 30, 1967, t o . . . 330,000.000,000 Mar. 2, 1967
81 Stat. 4 Incre.ased sec. 21 limitation during the period beginning Mar. 2, 1967, and ending June 30, 1967, to 336.000,000,000
June SO. 1967 81 Stat. 99 Sec. 21 amended to increase limitation on aggregate outstanding at any
timeto 358,000,000.000 Sec. 21 amended also to Increase the limitation temporarily, beginning
July 1.1968, and each July 1 thereafter for the period beginning July 1 and ending June 29 of each succeeding calendar year by $7 billion, providing an operating limitation of 365,000,000,000
April 7,1969 83 Stat. 7 Amended sec. 21. Increasing limitation to $365 billion, and increased
sec. 21 limitation by $12 billion during period beginning Apr. 7,1969, and ending June 30.1970 377,000,000,000
June so, 1970 84 Stat. 368 Amended sec. 21, increasing limitation to $380 blUlon, and Increased
sec. 21 limitation by $15 bihion during period beginning July 1,1970, and ending June 30, 1971 396,000,000,000
Mar. 17,1971 85 Stat. 5 Amended sec. 21, increasing limitation to $400 billion, and Increased sec.
21 limitation by $30 bihion during period beginning Mar. 17, 1971, and ending June 30,1972 430,000,000,000
Mar. 16, 1972 86 Stat. 63 Amended sec 21, to further increase the limitation temporarily by $20
bUlIon during period beginning Mar. 16,1972, and ending June 30,1972. 450,000,000,000 July 1,1972
86 Stat. 406 Amended act of Mar. 15,1972, striking out June 30,1972, and inserting in lieu thereof Oct. 31, 1972 450,000,000,000
Oct. 27, 1972 86 Stat. 1324 Increased sec. 21 hmitation during the period beginning Nov. 1, 1972,
and ending June 30, 1973 465,000,000,000
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II. Operations
T A B L E 33.—Public debt receipts and expenditures by classes, monthly for the fiscal year 1973 and totals for 1972 and 1973
[On basis of daily Treasury statements, see "Bases of Tables"]
Ot)
Receipts (issues)
P u b h c issues: Marke tab le :
T r e a s u r y bills: Regu la r weekly T a x ant ic ipa t ion Other -
T r e a s u r y notes T r e a s u r y bonds -
Sub to ta l
Exchanges : T r e a s u r y notes T r e a s u r y bonds
Subto ta l
To ta l marke t ab l e i s sues - - - -
N o n m a r k e t a b l e : Certificates of indeb tedness :
Foreign series Foreign cur rency series Depos i t a ry bonds
T r e a s u r y notes : Foreign series Foreign cur rency series
T r e a s u r y bonds , R E A se r i e s . . Certificates of i n d e b t e d n e s s -
Eurodol la rs Certificates of indebtedness—
Sta te and local gove rnmen t series
T r e a s u r y notes—State a n d local •government series
T r e a s u r y bonds—State and lo-1 cal gove rnmen t series
U . S . savings notes U .S . r e t i r ement plan bonds
fund . 42,000.00 Hi Unemployment trust fund 130,711,000.00 1,288,493,000 00 166,631,000.00 111,702,000.00 879,581,000.00 283,735,000.00 134,584,000.00 ^ Veterans reopened insurance H
fund.-.--- 1,735, ooa 00 l,789,00a00 725,000.00 1,997,000.00 1,906,000 00 8,698,00a00 1,432,000.00 ^ Veterans special life insurance ^j
fund - . 1,976,000 00 1,530,000.00 1,100,000 00 1,315,000.00 l,740,00a00 8,820,000.00 2,650,000.00 M Washington Metropolitan Area H
Total pubhc debt receipts... . 42,948,003,158.70 39,193,263,625.37 34,636,611,437.69 62,699,666,538.32 64,410,014,059.78 497,556,268,758.03 466,356,112,806.30 r T
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T A B L E 33.—Public debt receipts and expenditures by classes, monthly for the fiscal year 1973 and totals for 1972 and 1973—Continued tO
Expenditures (retirements) July 1972 August 1972 September 1972 October 1972 November 1972 December 1972 January 1973
H: Issue price 12,218,26a 64 17,001,478.27 16,714,734.43 13,871,383.00 13,398,711.09 13,705,983.53 12,765,9ia77 ^ A ^n r~ ,^^ / i A i c r „ ^ . - , r ^ i - Cl I O A COO «C I A 7 0 0 ORI 11 I Q KOA IOA QA 11 OOl "700 Qf\ I A OAC;. Q t n 1 7 11 C53 5Qfi 91 1 0 fi91 70?* RFi. ~^ Accrued discount- 9,12a 523.65 14,723,961.11 13,528,126.30 11,281,788.80 10,245,835.17 11,833,396.21 10,621,703.65
Savings notes for series H: Issue price 149,141.25 98,05a 50 158,193.00 147,318,75 114,918.75 1,348,386.75 524, l i a 50 Accrued discount 3a 12a 55 19,966.11 33,151.00 32,14L23 24,927.98 262,446.07 78,524.33
\— to Ol
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T A B L E 33,—Public debt receipts and expenditures by classes, monthly for the fiscal year 1973 and totals for 1972 and 1973—Continued
E x p e n d i t u r e s (ret i rements) J u l y 1972 A u g u s t 1972 Sep tember 1972 October 1972 N o v e m b e r 1972 December 1972 J a n u a r y 1973
S3
hj Pub l i c i ssues—Cont inued
No imia rke t ab le—Cont inued U . S . savings bonds—Con. Q
Civil service rerirement fund 338,919,000.00 368,507,000.00 397,096,000.00 2a 686,000.00 384,567,000 00 417,516,000 00 352,839,000.00 ^ Employees health benefits fund. - 134,814,000. 00 259,839,000.00 148,585, OOa 00 137,937, OOO 00 151,784,000.00 136,942,000.00 125,235,000. 00 2 Employees life insurance fund-.-- 25,198,000.00 31,79a OOO 00 107,82a 000.00 3.5,612,000.00 47,646,000 00 31,737,000 00 35,468,000 00 Exchange Stabilization Fund 1,457,409,140 89 1,787,871,766.30 2,084,995,05a 75 2,843,922,852.25 2,784,363,471.80 2,816,012,178.92 2,908,218,128.53 q Federal Deposit Insurance Corp. 273,852,000. 00 421,325,000. 00 272,893,000. 00 148,894,000.00 335,322,000. 00 84,321,000. 00 59,449, OOO 00 M Federal disability insurance trust S
fund 39a 545,000.00 388,493,000.00 467,522,000.00 27,705,000.00 436,773,000.00 512,675,000.00 463,0ia00a00 ^Federal home loan banks-.. 82,782,000.00 122,374,000.00 57,757,000.00 3a 979,000.00 142,480,000 00 38,477,000.00 35,292,000.00 ^^ Federal hospital in'Surance trust HH
fund. -- 578,497,000.00 434,188,000.00 418,588,000.00 682,570,000.00 704,911,000.00 488,958,000.00 527,413,000,00 g Federal Housing Administration >.
fund-.- -- - 2,743,000,00 29,165,000.00 9,948,000.00 14,88a000.00 6,997,000.00 7,001,000.00 1,073,000.00 Ui Federal old-age and survivors c\
insurance t r u s t fund 3,006,976,000.00 3,018,27a 000.00 3,860,366,000.00 107,271,000.00 3,590,107,000 00 3,877,987, OOa 00 3,688,426,000.00 S3 Federa l Savings and Loan I n - , H^
Total public issues... 27, 270,257,528. 92 24,096,388,432. 71 24,566,998,158. 79 39,809,088,387. 50 27,341,310,009.87 314, 086,260,354.94 309,325,883,541. 37 ^ z========================================= ^
Special issues: 3 Civil service rerirement fund 377,960,000.00 391,021,000.00 375,116,000.00 383,736,000.00 2,617,184, OQp. 00 6,434,147,000.00 8,537,537,000.00 Vi Employees health benefits fund.. 135,762,000.00 " lia083,000.00 108,735,000.00 102,518,000.00 175,325,000 00 1,727,357,000.00 1,427,169,000.00 2 Employees hfe insurance fund. . . 45.157,000.00 73.585.000.00 57,551,000.00 48,92a000,00 66,658,000.00 607,14a 000.00 663,207,000.00 ^ Exchange Stabihzarion Fund 3,275,952,527.83 2,95a 338,631. 48 2,952,738,976.10 2,921,394, 400. 60 2,934,100,317.12 31,697,317,460 37 26,596,833,347. 82 ><| Federal Deposit Insurance Corp.. . 203,511,000.00 301,833,000.00 226,735,000.00 227,853,000.00 316,888,000.00 2,850,656,000.00 2,930,421,000.00 Federal disability insurance
trustfund 484,844,000.00 502,776,000.00 487,131,000.00 568,791,000.00 1,306,012,000.00 6,016,088,000.00 5,109,922,000 00 Federal home loan banks 149,824,000.00 45,357,000.00 52,805,000.00 3,253,000.00 6,325,000.00 776,685,000.00 1,50-5,493,000.00 Federal hospital insurance trust
fund .661,981,000.00 557,224,000.00 779,544,000.00 675,107,000.00 2,790,146,000.00 9,275,125,000.00 6,610,049,000 00 Federal Housing Administration
fund 1,490,000.00 1,202,000.00 15,782,000.00 18,711,000.00 3,118,000.00 109,868,000.00 49,643,000.00 Federal old-age and survivors in
surance trust fund 3,674,414,000.00 3,988,732,000.00 4,059,708,000.00 5,236,789,000.00 8,242,780,000.00 48,311,838,000.00 38,085,439,000.00 Federal Savings and Loan In
Total other Issues 123,929.00 312,54a 00 340,211.00 254,562.00 297,586.00 41,255,238.00 3,808,183.86
Total public debt expenditures - 38,177,658,173.96 35,425,154,95a 14 36,179,768,142.03 52,324,402,795.81 63,808,820,811.17 466,675,124,386.44 437,225,396,072.65
Excess of receipts, or expenditures ( - ) 4,770,344,984.74 3,788,108,675.23 -1,543,148,704.34 275,163,742.51 803,193,448.61 30,881,144,371.59 29,130,716,733.65
CO
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TABLE 34.—Changes in public debt issues, fiscal year 1973
[On basis of P u b l i c D e b t accounts , see "Bases of T a b l e s " !
Issues Ou t s t and ing Issues dur ing R e d e m p t i o n s Transferred to Ou t s t and ing J u n e 30, 1972 year dur ing year m a t u r e d deb t J u n e 30, 19731
00 O
S)
I N T E R E S T - B E A R I N G D E B T h3 O
P u b l i c I s s u e s ^ Marketable : ^
T r e a s u r y bills, series m a t u r i n g :2 Regular weekly: 2
J u l y 6, 1972 (St r ip issue) 3 $204,310,000.00 - - . - . . . $204,310, OOa 00 ^ J u l y 6, 1972 4 3,902,885,000.00 3,902,885,000.00 ^ Ju ly 13, 1972 3,901,505,000.00 3,901,505,000.00 M TnUr 90 1Q79 2 QOI Ql. ^ 000 00 9. QOI Ql.^ 000 00 HH Ju ly 20, 1972 3,901,915,000 00 3,901,915,000.00
W Ju ly 27, 1972 - 3,903,330,000.00 3,903,330,000.00 Regular m o n t h l y : jr^
J u l y 3 1 , 1972 - - 1,702,645,000.00 - - . - . 1,702,580,000.00 $85,000.00 - g Regular weekly : Q
A u g . 3,1972-- - - - 3,901,285,000.00 3,901,275,000.00 10,000.00 ^ A u g . 10, 1972 3,900,925,000.00 3,900,925,000.00 H Aug . 17, 1972 - - 4,101,135,000.00 4,101,115,000.00 20,000.00 - . . - H A u g . 24, 1972 - - - . . . - . 4,102,37a 000. 00 --- - - - 4,102,370,000.00 . . . . . . . . . . . . . . . . >
Regular m o n t h l y : S3 Aug. 31, 1972.. . - - - 5,797,825,000.00 5,797,795,000.00 30,000.00 - - . ^
Regular m o n t h l y : r-i O c t . 3 1 , 1972 - - - - 1,700,170,000.00 1,700,015,000.00 155,000.00 - - - . . . ^
Regular weekly: nd N o v . 2, 1 9 7 2 - - - -- - - - 1,800,630,000.00 2,301,125,000 00 4,101,705,000.00 5 0 , 0 0 0 . 0 0 . - - ^ N o v . 9,1972-- - - - - . 1,800,365,000.00 2,299,060,000.00 4,099,415,000.00 10,00a00 N o v . 16, 1972 - 1,800,580,000.00 2,301,145,000.00 4,101,7*25,000.00 - . N o v . 24, 1972..--. 1,800,905,000 00 2,301,775,000.00 4,102,680, OOa 00 - - - - -Digitized for FRASER
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Regular m o n t h l y : N o v . 30, 1972 - 3,502,230,000.00 2,301,295,000.00 5,803,455,000.00
Regular weekly: D e c 7, 1972 - 1,800,205,000.00 2,422,520,000.00 4,222,715,000 00 Dec . 14, 1972 1,801,595,000.00 2,302,200,000 00 4,103,795,000 00 Dec . 21, 1972 - - 1,802,075,000.00 2,300,850,000.00 4,102,925,000.00 Dec . 28, 1972 - - 1,799,460,000.00 2,300,57a 000. 00 4, lOa 030,000. 00
Regular m o n t h l y : Dec . 31, 1972 1,701,030,000.00 1,701,010,000.00
Regular weekly: J a n . 4, 1973 - 4,099,380,000.00 4, 09a 250,000. 00 J a n . 11, 1973 - - 4,103,33a 000. 00 4,103,200,000 00 J a n . 18, 1973 - . - 4,080,590,000.00 4,080,505,000.00 Jari. 25, 1973 - - . - - . - 4,101,200,000.00 4,101,080,000.00
Regular m o n t h l y : J a n . 3 1 , 1973 - 1,700,320,000.00 1,700,280,000.00
Regula r weekly: F e b . 1, 1973-. - - - - 4,200,775,000.00 4,200,775,000.00 F e b . 8, 1973 4,201, .545,000. 00 4,201,535,000.00 F e b . 15, 1973. - . . - 4,202,575,000.00 4,202,485,000 00 F e b . 22, 1973 - 4,202,090,000.00 4,201,990,000.00
Regular m o n t h l y : F e b . 28, 1973 - 1,700,685,000.00 1,700,640,000.00
Regular weekly: Mar. 1, 1973-- - - 4,201,885,000.00 4,201,645,000.00 Mar. 8, 1973 - -- 4,205,515,000.00 4,205,080,000.00 Mar. 15, 1973 -- - --- 4,202,855,000.00 4,202,780,000.00 Mar. 22, 1973... 4,207,23.5,000.00 4,207,225,000.00 Mar. 29, 1973 -- -.. 4,205,120,000.00 4,204,855,000.00
Regular m o n t h l y : Mar. 31, 1973 1,701,930,000.00 1,701,835,000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Regular m o n t h l y : Oct, 23, 1973 - 1,802,480,000.00 1,802,480, OOa 00
Regular weekly: Oct. 25, 1973- - 1,799,345,000 00 - - - 1,799,345,000.00 N o v . 1, 1973 1,800,845,000.00 --- - - 1,800,645,000.00 N o v . 8, 1973 - - - 1,801,895,000.00 -- 1,801,695,000.00 N o v . 15, 1973 - 1,692,885,000.00 1,692,665,000.00
Regular m o n t h l y : N o v . 20, 1973 - : 1,802,050,000.00 - 1,802,050,000.00
Regular weekly: N o v . 23, 1973 - - - - 1,700,955,000.00 - - - 1,700,955.000.00 N o v . 29, 1973 - 1,702,030,000.00 - - 1,702,03a 000. 00 Dec . 6, 1973 . - - - . - - 1,707,440,000.00 - - . 1,707,44a 000. 00 Dec . 13, 1973 - - - 1,700,840,000.00 - 1,700,84a OOO 00
Regular m o n t h l y : Dec . 18, 1973 - - - . 1,800,470, OOa 00 . - . - 1,800,470,000.00
Regular weekly: ui Dec . 20, 1973 - 1,700,87a000. 00 - - . - 1,700,870,000.00 H D e c 27, 1973-. - - - - 1,701,130,000.00 - 1,701,130,000 00 >
Regular m o n t h l y : 2 J a n . 15, 1974 - - . . 1,803,975,000.00 1,803,975,000.00 GQ F e b . 12, 1974 . . - - - - - 1,801,085,000.00 1,801,085, OOa 00 i^ Mar. 12, 1974 .1 1,790,265,000.00 1,790,285,000.00 Apr . 9, 1974 . . . - 1,801,775,000.00 1,801,775,000 00 May 5, 1974. 1,800,435, OOa 00 1,800,435,000.00 ^
T o t a l T rea su ry bi l ls . - - 94,647,890,000.00 244,154,110,000.00 238,70a 458,000.00 32,042,000 00 100,060,500,000.00 >
T rea su ry notes: hJ 5% Series E-1972 2,574,393,000.00 2,573,819,000.00 574,000.00 M 6% Series F-1972 2,285,275,OOa00 2,284,962,000.00 313,000.00 !z| 7M% Series A-1973. - -5,843,69.5,000.00 .5,818,308,000.00 25,387,000.00 O 8 H % Series B-1973- - 1,83a 104,000.00 1,839,104, OOa 00 tt 6M% Series C-1973 - 2,514,231,000.00 2,513,388,000.00 883,000.00 - ' ^ 4>s% Series D-1973 4,287,854,000.00 4, 287,4ia 000. 00 435,000.00 4M% Series E-1973 - - - . 3,792,411,000.00 3,79a 698,000. 00 1,713,000.00 5 ^ % Series A-1974 . . - . 7,212,022,000.00 -- 1,789,54a 000. 00 5,442,473,000.00 fy>A% Series B-1974 10,283,922,000.00 -- -- - l a 283, 922,000. 00 7 ^ % Series C-1974 2,96a 08a 000. 00 - - - - -- 2,98a 08a 000. 00 VA% Series D-1974 4,333,506,000.00 4,333,506,000.00 6% Series E-1974 - - - - - - 2 ,08a 18a 000. 00 - 2,06a 18a000. 00 53^% Series F-1974 2,101,728,000.00 2,101,728,000.00 5M% Series A-1975 - . - - 5,148,443,000.00 1,133,818,000.00 - - - 4,014,627,000.00 8% Series B-1975 - 8,759,985,000.00 1,000.00 6, 75a 984,000. 00 5J^% Series C-1975 - - - - - - - - 7,678,594,000.00 - - , . 7,678,594,000 00 7% Series D-1975 -- - - - - - 3,114,603,000.00 3,114,803,000.00 5K Series E-1975 2,045,169,000.00 823,607,000.00 1,221,562,000.00
See f o o t n o t e s a t e n d of t a b l e . y ^
0 0 0 0
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public deht issues, fiscal year 1973—Continued 00
Issues Ou t s t and ing J u n e 30, 1972
Issues dur ing year
R e d e m p t i o n s dur ing year
Transferred to m a t u r e d deb t
Ou t s t and ing J u n e 30, 1973 i
I N T E R E S T - B E A R I N G D E B T — C o n t i n u e d
Pub l i c I s sues—Cont ihued
Marketable—C onti nued T r e a s u r y no tes—Cont inued
5V8% Series F-1975 6 K % Series A-1976 6 ^ % Series B-1976 7M% Series C-1976 6 ^ % Series D-1976 5 H % Series E-1976 5J^% Series F-1976 63^%'Series G-1976 8% Series A-1977 7M% Series B-1977 6 K % Series A-1978 6% Series B-1978 6J^% Series A-1979 8 ^ % Series B-1979 83^% Series A-1980 l ^ % Series E 0 - 1 9 7 2 . . . . 1 ^ % Series E A - 1 9 7 3 . . . . 1 H % Series E 0 - 1 9 7 3 . . . . 13^% Series EA-1974 1M% Series E 0 - 1 9 7 4 . . - -1M% Series E A - 1 9 7 5 - . - -VA7o Series E 0-1975 1 K % Series EA-1976 1M% Series E 0-1976 1M% Series E A - 1 9 7 7 . . . -1 K % Series E O - 1 9 7 7 . . . . 1 H % Series E A - 1 9 7 8 . . . .
T o t a l T reasu ry notes 113,419,45a OOO 00 2 a 492,018, OOO 00 25,042,437,000 00 29,382,000. 00 117,839, 678,000. 00
T rea su ry bonds : 23^% of 1967-72 (dated Oct. 20, 1941).. 23^% of 1967-72 (dated N o v . 15, 1945). 4% of 1972 (dated Sept . 15, 1962) 4% of 1973 4 H % of 1973 . . . -43^% of 1974 . . . .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
434% of 1974 -- 2,852,987,500.00 3,394,500.'00 2,849,593,000.00 33^8% of 1974..- _ 2,238,354,000.00 1,022,271,500.00 1,214,082,500.00 434% of 1975-85 1 - - . - 1,207,708,500.00 3,721,000.00 - - . . 1,203,985,500.00 334% of 1978-83- 1,514,357,500.00 22,708,000.00 - 1,491,849,500.00 4% of 1980- 2,582,893,500.00 5,865,500.00 2,577,028,000.00 33^% of 1980 1,899,887,000.00 2,141,000.00 . . . - 1,897,746,000.00 7% of 1 9 8 1 - _ _. 806,934,000.00 806,934,000.00 6 H % o f 1982 _ 2,702,198,000.00 ._ 2,702,198,000.00 6 H % o f 1984 2,352,731,000.00 2,352,731,000.00 334% of 1 9 8 5 . . . . - 1,013,151,500.00 39,714,500.00 -- 973,437,000 00 63^% of 1986 - . - 1,216,281,000.00 1,216,261,000.00 4M% of 1987-92.- 3,778,296,000.00 46,583,50a00 3,731,712,500 00 4 % of 1988-93 242,172,000.00 6,197,000.00 235,975,000.00 43^% of 1989-94 1,528,853,000.00 35,265,000.00 . - - 1,493,588, OOa 00 3M%of 1990-. .- 4,385,210,500.00 251,547,500.00 . . - 4,133.663,000 00 6 ^ % of 1993 827,201,000.00 627,201,000.00 7% of 1993-98 691,756,000.00 891,758,000.00 ui 3 % of 1995 1,017,291,500.00 104,95a 000. 00 912,341,500.00 H 33^% of 1998 3,485,715,500.00 229,000,000.00 3,256,715,500.00 >
t ^
Tota l T r e a s u r y b o n d s 49,121,92a 750 00 3,671,688,000.00 7,677,701,75a 00 50,417,000.00 45,065,490,000.00 ^
T o t a l m a r k e t a b l e issues 257,189,269,75a 00 277,317,816,000 00 271,42a 598,75a 00 111,821,000.00 262,985,668,000.00 ^
N o n m a r k e t a b l e : L^ Certificates of indebtedness :
3.50% foreign series 225,000,000.00 _ . - - 225,000,000.00 - - - - - > 3.55% foreign series - -- -- - . 25,000,000.00 - 25,000,000.00 - - >^ 3.80% foreign series - - - - . 55,000,000.00 55,000,000.00 - hJ 3.70% foreign series -- -- - . 1,778,000,000.00 1,778,000,000.00 ^ 3.80% foreign series - - . - 714,000,000.00 55,000,000.00 789,000,000.00 - Izj 3.85% foreign series 662,000,000.00 662,000,000.00 O 3.95% foreign series - - 1,813,000,000.00 2,874,157,081.57 4,487,157,081.57 ^ 4.05% foreign series -- - 878,000,000.00 90,000,000.00 968,000, OOa 00 •^ 4.10% foreign series 320,000,000.00 320,000, OOa 00 -4.15% foreign series - - - - 1,491,000,000.00 1,491,000,000.00 4.35% foreign series _ . 100,000,000.00 100,000,000.00 4.50% foreign series - - 75,000,000.00 75,000,000.00 - - - - -4.60% foreign ser ies- - . - - - - . - 771,000,000.00 771,000,000.00 4.85% foreign series - - - - 1,813,000,000.00 1,813,000,000.00 --4.70% foreign series -- -- 175,000,000.00 175,000,000.00 4.75% foreign series - -- 125,000,000.00 125,000, OOa 00 4,80% foreign series - - -- 343,000,000.00 343,000,000.00 4.85% foreign series - 737,000,000.00 737,000,000.00 --- - - -5.10% foreign series- - - - - 1,405,000,000.00 1,405,000,000.00 - - - - - - - - . -5.15% foreign series-- - - - 1,000,000,000.00 1,000,000,000.00 5.20% foreign s e r i e s - . . ._ 783,000, OOa 00 783,000,000.00 -
See f o o t n o t e s a t e n d of t a b l e .
0 0 O l
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34:.—Changes in puhlic debt issues, fiscal year 1973—Continued 0 0
Issues Ou t s t and ing J u n e 30, 1972
Issues dur ing year
R e d e m p t i o n s dur ing year
Transferred to m a t u r e d deb t
Ou t s t and ing J u n e 30, 1973 i
I N T E R E S T - B E A R I N G D E B T - C o n t i n u e d
Pub l i c I s sues—Cont inued
N o n m a r k e t a b l e — C o n t i n u e d Certificates of i ndeb tedness—Cont inued
5.30% foreign series -5.40% foreign series -. - -5.45% foreign series-- --5.65% foreign series - -- . 5.70% foreign series 5.90% foreign series 6.15% foreigii series 6.20% foreign series -. 6.25% foreign series 6.30% foreign series 6.35% foreign series 6.45% foreign series 6.55% foreign series ---8.90% foreign series 7.15% foreign series 7.25% foreign series 7.30% foreign series
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued 00 00
Issues Outs tand ing J u n e 30, 1972
Issues dur ing year
R e d e m p t i o n s dur ing year
Transferred to m a t u r e d deb t
Ou t s t and ing J u n e 30, 1973 i
I N T E R E S T - B E A R I N G D E B T - C o n t i n u e d
Pub l i c I s sues—Cont inued
Nonmarke t ab l e—Con t inued T rea su ry notes—Cont inued
4.5.5% foreign currency series $33,704,052.04 4.77% foreign currency series - . . 33,374,728.35 4.80% foreign currency series 111,120,750.00 . 4.85% foreign currency series 43,426,500.00 . 5.15% foreign currency "^eries 28,099,500.00 . 5.25% foreign currency series - - . 33,208, .500.00 5.28% foreign currency series 76,500,000 00 . 5.40% foreign currency series . - -5.4.5% foreign currency series - - 274,608,750.00 . 5.47% foreign currency series 5.50% foreign currency series 5.55% foreign currency series 25,545,000.00 . 5.6-5% foreign currency series -- - . 30,854,000.00 . 5.87% foreign currency scries 345,383,291.00 5.70% foreign currency series 5.73% foreign currency series 153,000,000.00 . 6.00% foreign currency series. . . . . 6.15% foreign currency se r i e s . . 57,476,250.00 . 6.2.5% foreign currency series 153,000,000.00 . 6.35% foreign currency series 28,099,500.00 . 6.62.5% foreign currency series 8.70% foreign currency series 6.93% foreign currency series
T o t a l foreign currency series n o t e s . . . 1,90.5,811,254.99
33^% Treasu ry b o n d s . . - 2.5a000,000.00 -
3.849% Treasu ry certificates, m a t u r i n g Ju ly 3, 1972. - 1,000,163.34 . 4.138% Treasu ry certificates, m a t u r i n g Oct. 3, 1972 -1% Treasu ry certificates, ma tu r ing D e c 15, 1972 - . . 264,953.28 . 4.89% Treasu ry certificates, m a t u r i n g J a n . 1, 1973 4.35% Treasu ry certificates, m a t u r i n g J an . 2, 1973 88,993,351.35 4.801% Treasu ry certificates, m a t u r i n g J an . 3, 1973 5.16% Treasu ry certificates, m a t u r i n g F e b . 1, 1973.--5.89% T r e a s u r y certificates, m a t u r i n g Mar. 1, 1973 - . - -
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
5.81% Treasu ry certificates, m a t u r i n g Apr . 1, 1973 --5.163% Treasu ry certificates, m a t u r i n g Apr . 3, 1973 6.2,5% Treasu ry certificates, m a t u r i n g May 1, 1973- - -6.28% Treasu ry certificates, m a t u r i n g J u n e 1, 1973 - -1% 'Treasury certificates, m a t u r i n g J u n e 15, 1973 -3.50% Treasu ry cerrificates, m a t u r i n g J u n e 30,1973- . - - - - 57,848,022.26 3.50% Treasu ry certificates, m a t u r i n g J u n e 30,1973- - 320,120,412.12 6.89% Treasu ry certificates, m a t u r i n g J u l y 1, 1973 -1% "Treasury certificates, m a t u r i n g D e c 15, 1973 -- - -3.50% Treasu ry certificates, m a t u r i n g J u n e 30, 1974 3.50% Treasu ry certificates, m a t u r i n g J u n e 30, 1974
T o t a l T rea su ry cerrificates - 446,226,902.35
4% T r e a s u r y notes --
U . S . sav ings bonds : ^ Series E-1941 190, 857,88a 69 Series E-1942 846,154,891.22 Series E-1943 1,328,157,49a 32 Series E-1944 1,624,696,945.69 Series E-1945 1,429,721,268.86 Series E - 1 9 4 6 . - 808,076,687.45 Series E-1947 902,988,585.28 Series E-1948 . - - - 1,014,109,931.18 Series E - 1 9 4 9 - - -- -- - - - 1,081, 709,34a 29 Series E-1950 1,000,480,786.07 Series E-1951 -- 868,005,401.06 Series E-1952 ( J a n u a r y to April) 299,570,625.18 Series E-1952 (May to December) 630,600,410.71 Series E-1953. 1,141,230,84a 94 Series E-1954- 1,219,828,478.27 Series E-1955 1,313,847,432.43 Series E -1956 - - 1,304,838,478.58 Series E-1957 ( J anua ry ) - 116,239,959.00 Series E-1957 ( F e b r u a r y to December) . - 1,163,104,381.45 Series E-1958 - - - - - - . - 1,349,17a 655.16 Series E-1959 ( Janua ry to May) - 558,654,029.22 Series E-1959 ( June to December) - 748,102,643.01 Series E-1980 - - - 1,407,344,836.93 Series E-1961 - - - - 1,559,316,977.69 Series E - 1 9 6 2 - 1,806,247,04a 05 Series E - 1 9 8 3 - - 1,99a 48a 628.67 Series E-1964 - 1,955,952,568.82 Series E-1965 ( Janua ry to November ) 1,731,751,652.55 Series E-1985 (December) - 185,513,727.80 Series E - 1 9 6 6 - - - - 2,189,401,004.73 Series E - 1 9 6 7 - - - . . - - . . 2,207,282,087.38
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued O
Issues Outstanding June 30, 1972
Issues during year
Redemptions during year
Transferred to matured debt
Outstanding June 30, 1973 i
CO
SI
tt
o S3
o tt
W
Ul t^ O . S3 ^ > S3 Ki
O tt
S3
> Ul d S3 Kl
I N T E R E S T - B E A R I N G D E B T - C o n t i n u e d
Pub l i c I s sues—Cont inued
Nonmarke tab le—Cont inued U . S . savings bonds « - C o n t i n u e d
Series E-1988 J a n u a r y to May) Series E-1968 (June to December ) Series E-1969 ( Janua ry to May) Series E-1969 ( June to December ) Series E-1970 ( J anua ry to May) Series E-1970 (June to December) Series E-1971 Series E-1972 Series E - 1 9 7 3 . . . . Unclassified sales and redempt ions
T o t a l Series E 48,624,813,564.48 8,734,960,317.40 5,524,203,458.!
Series H-1952 Series H - 1 9 5 3 . . . . . -Series H-1954 Series H-1955 Series H - 1 9 5 6 . -Series H-1957 ( January) Series H-1957 ( F e b r u a r y to D e c e m b e r ) . Series H-1958 Series H-1959 ( Janua ry to May) Series H-1959 (June to December) Series H-1960. . . Series H - 1 9 6 1 . . . . Series H-1962. Series H-1963. . Series H-1964 Series H-1985 ( Janua ry to N o v e m b e r ) . -Series H-1965 (December) Series H-1988. Series H-1967 . . - - - . . Series H-1988 ( January to May) Series H-1968 (June to December) Series H-1989 ( J anua ry to May) Series H-1969 ( June to December) Series H-1970 ( J anua ry to May)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 34.—Changes in public debt issues, fiscal year 1973—Continued F ; ^ O
Issues Ou t s t and ing J u n e 30, 1972
Issues dur ing year
R e d e m p t i o n s dur ing year
Transferred to m a t u r e d deb t
Ou t s t and ing J u n e 30, 1973 i
I N T E R E S T - B E A R I N G D E B T — C o n t i n u e d
Special I s s u e s - ^ C o n t i n u e d
Federa l s u p p l e m e n t a r y medical insurance t r u s t fund: 6 ^ % certificates - - - -63^% certificates - - - -6 H % certificates - - - - - - - . 63^% certificates - - - -6% certi ficates - -^14% certificates - . -65^% notes 63^% notes -- -- $245,925,000.00 . 5H7c notes 232,150, OOa 00 .
Foreign service re t i r ement fund: 65^% certificates _ 63^% certificates 65^% certificates 63^% certificates 6% certiflcates 514% cerrificates 7H%o n o t e s . . - - . . . - 6,721,000.00 . 65^% notes 63^% notes 5,082,000.00 . 63^% n o t e s . . 4,454,000.00 . 5M% notes a i25 ,000 .00 . 4% notes a051,000.00 . 4% bonds 24,136,000 00 .
GSA par t i c ipa t ion certificate t ru s t : 8.69% cerrificates 6.28% ce r r i f i ca t e s . . - . . 6.90% notes 6% n o t e s . . 5.90% notes
G o v e r n m e n t life insurance fund: 53^% cerrificates 5 ^ % ce r t i . nca t e s - . : 734% notes 2a984,000.00 . 83^% notes 6% notes 32,838,000.00 . 53^% notes 111,949,000.00 . 5}4% notes 64,365,000.00 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
534%, notes - 32,152,000.00 32,152,000.00 434%, b o n d s . - - 28,468,000.00 28,488,000.00 3 ^ % bonds 75 , l i a000 .00 670,000.00 74,440,00a00 3 ^ % , b o n d s . - 77,992,000.00 77,992,000.00 33^%, bonds 263,962,000.00 73,100,000.00 190,882,000.00
H i g h w a y t ru s t fund: 6% cerrificates 6,037,351, OOa 00 487,300,000.00 5,550,051,000.00 53^% cerrif icates. 521,528,000.00 621,528,000.00 554% certificates 478,700,000.00 478,700,000.00 5 ^ % , cerrificates - - . - 436,600,000.00 436,600,000.00 - -53^%, ce r r i f i ca tes . . - - 947,967,000.00 947,967,000.00 - . . -5 ^ % , cerrificates - - - -- 1,057,402, OOa 00 1,057,402, OOa 00 . - - - -534%o cerrificates - -- - 985,42a 000.00 985,42a 000.00 - - -53^% cerrif icates. . . . . - -- 508,400,000.00 508,400,000.00 -5%, certificates - - - - 4,458,381,000.00 480,800,000.00 4,937,181,000.00 --
Na t iona l service life insurance fund: 6H%) cerrificates - 1,128,000.00 1,128,000.00 - - . . 83^% cerrificates - - - - - - . 6,162,000.00 6,162,000.00 j 5 K % certificates - -- 25,213,000.00 25,213,000.00 -- t> 5M%, certificates- - - - - - - 146,811,000.00 146,811,000.00 - t^ 5 ^ % , certificates - 18,954,000.00 18,954,000.00 - - ^ 73^%, notes - - . 569,007,000.00 56a 007,000. 00 ^ 63^% n o t e s - - - . . - 668,100,000.00 - 668,100,OOa00 1-H 634%o n o t e s - - - - 305, 4 i a 000.00 - 305,419,000.00 O 5 ^ % notes - . 1, 091, 044, OOa 00 1,091,044,000.00 > 5>^% n o t e s - - - . - 332,597,000.00 - 332, 597, OOa 00 " 53^% notes - - . : . 481,013,000.00 481,013,000.00 K^ 434% bonds 225,452,000.00 225,452, OOa 00 {J 3M% b o n d s . - 402,619,000.00. . 7,873,000.00 394,746,000.00 wi 3 ^ % bonds - 918,494,000.00 - 6,948,000.00 - 911,548,000.00 w 35^% bonds 298,259,000.00 - 298, 25a 000.00 !zl 334% b o n d s . -- 430,031,000.00 - 430,031,000.00 • • 33^% b o n d s . . . . . - - - . . . 343,14a000.00 - - 343,149,000.00 3 % bonds --- - 758,000,000.00 379,000,000.00 -.. 379,000,000.00
Pos ta l service fund: 7.40% certifi c a t e s - . - - - - . . 75,000,000.00 75,000,000.00 7.36% cerr i f icates . . - - - . 75,000,000.00 - , - . 75,000,000.00 7.09% cerr i f ica tes- . . 2 a 0 0 a 0 0 0 . 0 0 20,000,00a00 6.89% certificates -- 274,056, OOa 00 274,056,000.00 . . . -6.28% cerrificates - - 756,832,000.00 756,632,000.00 - - - - -6.25%, certificates - _ - . 973,049,000.00 973,049,000.00 6.12% cerrificates - - - - . 867,000,000.00 867,000,000.00 - -5.81% cerrif icates.-- - . - 731,000,000.00 731,000,000.00 . - - - - - - -6.69% cerrificates - - -- 357,240,000.00 357, 24a 000.00 -5.61% cerrificates 300,000,000.00 . 300,000,000.00 5.48% cer r i f ica tes . . . - - - 350,000,000 00 350,000,000.00 5.30% certificates- - . - - - - 300,000,000.00 300,000,000.00 - - . . 5.16% cert i f icates .- 604,046,000.00 504,046,000.00 . - - -5.11% cerrificates 460,000, OOa 00 450,000,000.00 . - - ^_, 4.89% certificates 491,554,000.00 491,554, (KX). 00 -- -- - ^
See f o o t n o t e s a t e n d of t a b l e . " ^
Ul
O
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued 00
Issues Outs t and ing J u n e 30, 1972
Issues dur ing year
Redempt ions dur ing year
Transferred to m a t u r e d deb t
Ou t s t and ing J u n e 30, 1973 i
I N T E R E S T - B E A R I N G D E B T - C o n t i n u e d
Special Issues^—Continued
Pos ta l service fund—Cont inued 4.77% certi ficates - --. 4.68% certificates - -4.64% certi ficates - - - - -4.33% certificates-4.14% certificates - - -3.79% cerrificates 3.76% cerrificates-- - - $96,315,000 00
Rai l road r e t i r emen t account : 6>8% certificates - - ---8M% certificates - - . 63/1% certificates -634% certificates - --63^% certificates -- -6% certi ficates... --6 j ^ % cerrificates - -7M% notes - - - - . 847,447,000.00 6 ^ % n o t e s . - . . . . . . . . 6 H % n o t e s . . . 647,948,000.00 63/g% notes 819,501,000.00 534% notes 482,623,000.00 5 ^ % notes 796,856,000.00 4M% notes 122,264,000.00
Rai l road re t i rement holding account : 6J^% cerrificates 6 ^ % cerrificates , 6V^% certificates 634% certificates 63^% cert if icates. . 6% cert if icates. . 53^% certif icates. . 6M% certificates 3,134,000.00
Rai l road re t i r ement supp lemen ta l account : 6 ^ % certif icates. . — 6 K % certificates ._ 6.V^% certificates 634% cert if icates. . -- - -63^% certificates
Total speciai Issues 89,597,632,375.55 164/688,449,778.01 152,547,608,793.50 - 101,738,473,36a 08
Total Interest bearing debt 425.378,159,116.15 497,529,220,351.15 466,417,420,597.65 $111,821,000.00 456,378,137,86a 85
Footnotes at end of table.
CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE 34.—Changes in public debt issues, fiscal year 1973—Continued
O l O
CO
S3
Issues Outstanding Issues Transferred from in- Redemptions Outstanding J^ June 30,1972 during year terest-bearing debt during year June 30, 19731 g
MATURED DEBT ON WHICH INTEREST HAS CEASED
475,300.00 -
327,95a00 -306,500.00
634,450.00
1,172,800.00 l ,981 ,05a00 -
4,263,60000 . - - . .
9 ,85a00
4oaoo 800.00
1,200.00
3,050. 00 , 22,400.00
38,50a00
485,45a 00
327,550.00 305,700.00
633,250. 00
1,169,750.00 1,958,65a 00
4,227,100. 00
Old debt—issued prior to Apr, 1, 1917: ^ 8% five-twenties of 1865 - -. $19,65a00 $19,65a00 yj 6% compound interest notes 1864-66- -.- - 155,980.00 155,96a 00 M 3% loan of 1908-18 - 98,000.00 98,000.00 S 23^% postal savings bonds 123,140 00 $5,02a00 118,12a00 ^ 2% consols of 1930 9,800.00 9,800.00 ry 4% funded loan of 1907 342,800.00 342,800.00 w 4%loanofl925 ' 8,450 00 8,45a00 o 3% Panama Canal loan 1961 7,200.00 5,000.00 2,200.00 S3 Ah other 8... 735,380 26 735,380 26 M
^ Total old debt—issued prior to Apr. 1, 1917- 1,500,380.26 ia02aOO I,49a36a26 >
= • —==: r= S3 Liberty loan bonds: K1
First Liberty loan: F\Tst3}4's 253,800.00 5,500.00 248,300.00 g First 4's 84,65a00 25aOO 84,400.00 tt First 434's... 134,800.00 3,600.00 131,200.00 , First-Second 43^'s.. 2,05a 00 500.00 1,55a 00 tt
Total 475,300.00 9,85a00 485,45a00 ^ Second Liberty loan: ^
Second 4's 327,95a00 40a00 327,55a00 2 Second434's 306,500.00 800.00 305,70a00 g
Total
Third Liberty loan 434's _ Fourth Liberty loan 434's
Total Liberty loan bonds
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
700.00 386,900. 00
387,600.00
350."5o'
3.5aoo
700.00 386,550. 00
387,250. 00
Victory notes: Victory 3 ^ ' s Vic tory 4 ^ ' s . . .
T o t a l Victory notes
T rea su ry bonds: 3 H % of 1940-43.. 8,300.00 15a 00 8,15a 00 35^% of 1941-43.. -- 26,300.00 - 21,800.00 4,500.00 334% of 1941 - 5,400.00 - . 5,400.00 3 ^ % of 1943-47- -- - . - - 2 a 7 5 a 00 ". 5a 00 29,700.00 334% of 1943-45- - 86,200.00 3,15a 00 83, 05a 00 334% of 1944-46--. - - 153,700.00 - 12,600.00 141,100.00 4% of 1944-54 -- 45,000 00 - 50a 00 44,500.00 2M% Of 1945-47 83,45a 00 . . . - - . - 8,800.00 74,65a 00 23^%oOf 1945- 2,000.00 - 2,000.00 3M%ofl948-56 - 5a800.00 4,500.00 46,300.00 CO 3%ofl946-48- . - 35,400.00 -- 7,000.00 28,40000 tt 33/^%, of 1948-49- 132,55a 00 62,000.00 70,55a 00 g 434% of 1947-52.- - 12a300.00 9,300.00 120,000.00 3 2% of 1947 - 25a 00 25a 00 Ul 2% of 1948-50 (dated Mar. 15. 1941) i 2,000.00 2,000.00 H 2 K % of 1948-51 6,15a 00 . . - 6,150 00 R l ^ % o f l 9 4 8 48,500.00 40,500.00 8,000.00 > 23^% of 1948 - - - . 4 ,05a 00 1 4,05a 00 t^ 2% Of 1948-50 (dated Dec. 8, 1939) 1,500.00 1,500.00 2%of 1949-51 (dated J an . 15, 1942) 15a00 15a00 > 2% of 1949-51 (dated May 15, 1942) - . - 14,00a00 14,000.00 tt 2%of 1949-51 (dated Ju ly 15, 1942). - 2,000.00 - - - - - - . 2,000.00 2 33^% of 1949-52-. 15,100.00 - - - 2,000.00 13,100.00 g 2>^%, of 1949-53-- - - - 44,100.00 - . - 14,55a00 29 ,55a00 ^ l ^ % o f l 9 5 0 - - - - 165,000.00 20,500.00 144,500.00 O 2% of 1950-52 (dated Oct. 19, 1942) 16,800.00 9,500.00 7,300.00 G 23^% of 1950-52-- - - 5a200.00 - 5a200.00 "^ 2% of 1950-52 (dated Apr . 15, 1943) - - - - . 155,000.00 7 a 5 0 a 0 0 75,500.00 234% of 1951-53 - 48 ,800 .00- - - - 2,000.00 46,800.00 2% of 1951-53- - - 275,500.00 . . - - - 27,000.00 248,500.00 2M%) of 1951-54 - 54,500.00 25,000.00, 29 ,50a00 2%of l951-55 13,45a00 4,100.00 a 3 5 a 0 0 3 % of 1951-55-.- 330,000.00 73,55a00 256,45a00 2}4% of 1952-54- 5 ,20a00 4,000.00 1,200.00 2%of 1952-54 (dated J u n e 26, 1944) 289,500.00 14,000.00 275,500.00 2% of 1952-54 (dated Dec . 1, 1944) . - 506,500.00 45,000.00 461,500.00 234% of 1952-55-..- - 5,800.00 - 5,800.00 2% of 1953-55- - 5 a 8 5 a 0 0 _ 20,000.00 39 ,85a00 234%, of 1954-56.- - 39,850.00 . - 26,800.00 13,05a00 2K%) of 1955-80.. 684,55a00 105,200.00 579,35a 00
Footnotes a t end of t ab le . O l
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
O l
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued CO
CO
S3
tt O S3 ^ O tt
\ Ul tt o S3
> S3
O tt
W
S3
> Ul
d S3 Kl
Issues Outs t and ing J u n e 30, 1972
Issues dur ing year
Transferred from interest-bearing d e b t
R e d e m p t i o n s dur ing year
Ou t s t and ing J u n e 30, 1973 ^
M A T U R E D D E B T O N W H I C H I N T E R E S T H A S C E A S E D — C o n .
T r e a s u r y bonds—Cont inued 23^% of 1950-58.. . 2M% of 1958-59 234% of 1958-59. 2 H % of 1957-59 23^% of 1958 2 H % o f l 9 5 8 2 ^ % of 1958-63 234% of 1959-62 (dated J u n e 1, 1945) 214%) of 1959-62 (dated N o v . 15, 1945).. 2 ^ % of 1960. 2 ^ % of 1980-65 2 ^ % of 1961 23^% of 1961. , 23^% of 1962-67..- . 23^% of 1963 - - - - - - - - - . . : - . . . 23^% of 1983-68- - - - -3 % 011964 - . - -23^%, of 1964-69 (dated Apr . 15, 1943) -2 H % 01 1984-89 (dated Sept . 15, 1943) 2 ^ % o r i 9 6 5 - . -23^% of 1965-70--- - . --334% of 1968- - . . - - -3 ^ % of 1 9 6 6 - - - - - -3%of 1966--23^% of 1966-71. . . 3 ^ % of 1967.. . 23^% of 1967-72 (dated J u n e 1, 1945) . . - . 33^% of 1968 (dated J u n e 23, I960)- - - . . . 3J^% of 1988 (dated Sept . 15, 1983) 3 M % o f l 9 6 8 4% of 1989 (dated Aug . 15, 1962) 4% of 1989 (dated Oct. 1, 1957)- -4% of 1970 (dated Jan . 15, 1965) 4% of 1970 (dated J u n e 20, 1963) 4% of 1971-
To ta l certificates of indeb tedness 122,300.00 3,15a 00 l i a 15a 00
T r e a s u r y bills, m a t u r i t y da t e : J a n . 14, 1942 4,000.00 4,000.00 F e b . 3, 1943 1,000.00 1,000.00 J u l y 2 a 1954 5,000.00 - . 5,000.00 May l a 1955 - - . . 1,000.00 - 1,000.00 Cq Apr . 24, 1958 15,000.00 15,000.00 g May 15, 1959 1,000.00 1,000.00 < Sept . 3, 1959 20,000.00 20,000.00 3 J an . 14, 1980 1,000.00 - 1,000.00 Ul J u l y 15, 1960 1,000.00 1,000.00 J; J u l y 21, 1980 - 5,000.00 5,000.00 S Ju ly 28, 1960 6,000.00 6,000.00 > Aug . 4, 1980 12,000.00 12,000.00 f" Aug . 11, 1960 - 3,000.00 3,000.00 Jari. 15, 1 9 6 1 . . . . 29,000.00 10,000.00 laOOO.OO > Jan . 26. 1961 1,000.00 1,00000 tt Ju ly 27, 1961 - laoOO.OO - laOOaOO tt Mar. 1, 1962 - - . 7,000.00 7 ,00a00 g Apr . 15, 1964 12,00a00 12,000.00 ^ A p r . 30, 1985 2,000.00 2,000.00 g bep t . 16, 1965 19,000.00 19,000.00 tt Mar . 24, 1968. . 10,000.00 10,000.00 ^ Apr . 28, 1966 1,000.00 1,000.00 May 19, 1966. . . . 1,000.00 1,000.00 J u n e 23, 1988 6,000.00 6,000.00 Ju ly 31, 1966 5,000.00 5,000.00 Oct . 20, 1966 15,000.00 15,000.00 N o v . 3, 1966 : 3,000.00 3,000.00 D e c 15, 1966 1 8,000.00 8.000.00 D e c 31, 1 9 6 6 . . . 1,000.00 1,000.00 J a n . 28, 1967. 19,000.00 19,000.00 F e b . 23, 1%7 1,000.00 1,000.00
Footnotes a t end of table .
h- l O l CO
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
o
TABLE 34.—Changes in public debt issues, fiscal year 1973—Continued
Issues
M A T U R E D D E B T O N W H I C H I N T E R E S T H A S C E A S E D — C o n .
T r e a s u r y bills, m a t u r i t y da te—Cont inued Mar. 30, 1967 . Mar . 31, 1987 Apr . 6, 1987 Apr . 20, 1987 Apr . 21, 1967 May 11, 1967 J u n e 15, 1987 J u l y 8, 1967 Aug . 31, 1967 . . . Sept . 30, 1967 Oct. 13, 1967 Oct . 26, 1967 N o v . 30, 1967 F e b . 1,1988 .1 F e b . 8, 1968 . . . . . . . . . . . . . . F e b . 29, 1 9 6 8 . . . . . . . . . . . Mar. 28, 1968 Mar. 31, 1968. May 9, 1968 May 31, 1968 . . J u n e 6, 1988 . J u n e 3 0 , 1968 . . J u l y 11, 1968 J u l y 31, 1968 A u g . 15, 1968 A u g . 29, 1968 . - - - - -A u g . 3 1 , 1968 Sept . 19, 1968 . Oct . 31, 1968 N o v . 21, 1988 N o v . 30, 1968 . . D e c 19, 1968 J a n . 2, 1969 J a n . 16, 1969 J a n . 31, 1969 . .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued
Issues Outstanding June 30, 1972
Issues during year
Transferred from interest-bearing debt
Redemptions during year
Outstanding June 30, 1973 i S3
& tt O S3 tt
O tt
MATURED DEBT ON .WHICH INTEREST HAS CEASED—Con.
Trea.sury bills, maturity date—Continued Mar. 26, 1970 Mar. 31, 1970 Apr. 2, 1970 Apr. 9, 1970 Apr. 16, 1970. Apr, 22, 1970. Apr. 23, 1970. Apr. 30, 1970 May 7, 1970 May 14, 1970 May 28, 1970.... , May 31, 1970 June 4, 1970 June 11, 1970 June 18, 1970. . . . . . . June 22, 1970. . . . . . . June 25, 1970 June 30, 1970... July 2, 1970 July 9, 1970.. July 18, 1970 July 23, 1970 July 30, 1970. July 31, 1970 Aug. 6, 1970 Aug. 13, 1970 Aug. 20, 1970 Aug. 27, 1970.. Aug, 31, 1970-Sept, 3, 1970 Sept, 10, 1970 --Sept. 17, 1970-Sept.30, 1970. Oct. 8, 1970 Oct, 15,1970
$12,000.00 $2,ooaoo 3,000.00
29,00a00 28,000.00 7,000.00 7,000.00
25,000.00 1,00000 l a o o o o o 30,00000 . - - - - -- 1,000.00 15,00a00 8,000.00 56,00000 . . . - . 3,000.00 56,000.00 3,000.00 35.000.00 - . 26,000.00 .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
T A B L E 34.—Changes in public debt issues, fiscal year 1973—Continued
c:)
Issues Outs t and ing J u n e 30, 1972
Issues dur ing year
Transferred from interest-bearing deb t
R e d e m p t i o n s dur ing year
Ou t s t and ing J u n e 30,1973 i S3
^ tt O S3 tt
$ i a 000. 00 ^ 85,000. 00 fe^
yq l a 000. 00 M 30, 000. 00 a 30,000.00 ^^
' " 'i6,'o66."66 H 120, 000. 00 O
S3 M
50,000. 00 tt laooo.oo >
S3 : - - - - - : : : : : : KI
o 70,666.66 tt
tt w - - - - - ; ] ! - ! - tt
26,'666.'66 ^ SJ
--- -- tt > 03 -- ----- d
46,'666.'66 3 ; l a 000.00 ^
M A T U R E D D E B T O N W H I C H I N T E R E S T H A S C E A S E D — C o n .
T reasu ry bills, m a t u r i t y da te—Cont inued Aug . 31, 1971 -- --
. Sept . 2, 1971 Sept . 16, 1971 Sept . 21, 1971 Sept . 23, 1971...u Sept . 30, 1971 Oct. 7, 1971 Oct. 14, 1971 Oct. 21, 1971 O c t . 3 1 , 1971. N o v . 4, 1971 N o v . 11, 1971 N o v . 30, 1971 Dec . 9, 1971 Dec . 16,1971 . Dec . 23, 1971 Dec . 30, 1971 Dec. 31, 1971 : J a n . 6, 1972 J an . 13, 1972 . J an . 20, 1972. J an . 27, 1972 J an . 31, 1972 F e b . 3,.1972 F e b . 10, 1972 F e b . 17, 1972 F e b . 24, 1972 . F e b . 29, 1972. Mar. 2, 1972 . . . Mar. a 1972 Mar. 16, 1972: Mar. 23, 1972 . - - . Mar. 30, 1972 Apr . 6, 1 9 7 2 . . . .' Apr . 13, 1972
$80,000.00 $50,000.00 24a000.00 175,000.00
25,000.00 25,000.00 15,000.00 15,000.00 20,000.00 l a o o o . o o
165,000.00 / 135,000.00 n a o o o . o o 1 110,000.00 40000.00 40,000.00 i a o o o . 0 0
200,000.00 8o ,ooaoo 2a000.00 2a000.00 l a o o o . o o l a o o o . o o 75,000.00 25,000.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
tt tt
TABLE 34.—Changes in public debt issues, fiscal year 1973—Continued o S3 tt
Issues Ou t s t and ing Issues Transferred from in- R e d e m p t i o n s Outs t and ing J u n e 30,1972 dur ing year terest-bearing d e b t dur ing year J u n e 30, 1973 ^ §
tt W
Treasu ry bills, m a t u r i t y da t e—Cont inued ^ Apr . 5, 1973 -- - . . $10,000.00 $10,000.00 ^n Apr . 12, 1973 . . : 220,000.00 22a 000. 00 w Apr . 19, 1973 . 120,000.00 120,000.00 ^ Apr . 20, 1973 . . . . 5,210,000.00 5,210,000.00 « Apr . 26, 1973 - . . . 34a 000. 00 34a00O00 ^ A p r . 3 0 , 1973 175,000.00 175,000.00 t^ May 3, 1973 160,000.00 180,000.00 > May 10, 1973 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - . . . . . : . . . . . . . . . . . . 645,000.00 645,000.00 SI May 17, 1973 . . . 35,000.00 35,000.00 KJ May 24, 1973. 285,000.00 285,000.00 M a y 3 1 , 1973 7 6 a 0 0 a 0 0 789,000.00 O J u n e 7, 1973 . 815,000,00 815,000.00 tt J u n e 14, 1973 500,000.00 500,000 00 J u n e 2 1 , 1973 1,865,000.00 1,885,000.00 tt J u n e 22, 1973 1,243,000.00 1,243,000.00 ffi J u n e 28, 1973 . 17,50a000.00 17,500,000.00 ^
T o t a l T r e a s u r y bills 48,107,000.00 32,042,000.00 41,377,000.00 36,772,000.00 tt
T reasu ry savings certificates: ' E? Issued Dec . 15, 1921 . : 7 ,55a00 7,55a 00 > Issued Sept . 30, 1922 : 44,600.00 100.00 44,500.00 Jq Issued D e c 1, 1923 14,175.00 225.00 13,95000 g
T o t a l T r e a s u r y savings cerrificates . . . . . 66,325.00 325.00 86,000.00 ^
T o t a l m a t u r e d d e b t on which Interest has ceased 285,109,370 31 111,821,000.00 172,433,357.50 224,497,021.81
M A T U R E D D E B T O N W H I C H I N T E R E S T H A S C E A S E D — C o n .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DEBT BEARING NO INTEREST
Mortgage Guaranty Insurance Company tax and loss bonds 26,851', 207.57 14,193,926.50 41,045,134.07 U.S. savings stamps 47,441,221,76 2,389,55a67 1,124,786.30 48,705,986.13 Excess profits tax refund bonds:
Firstseries.. 342,570 20 1,648.92 34a 921.28 Second series 238,02a 19 - . . 276.11 237,753.08
Special note of the United States: International Monetary Fund 825,000,000.00 825,000,000.00
U.S. notes 322,539,016.00 322,539,016.00 Old demand notes 52,917.50 52,917.50 National and Federal Reserve bank notes 72,798,597.50 1,233,228.00 71,565,371.50 Fractional currency 1,965,091.29 1,965,091.29 Old series currency 4,657,912.00 119,8ia00 4,538,102.00 Silver cerrificates 215,17a753.00 ---- - 1,804,002.00 213,375,751.00 Thrift and Treasury savings stamps 3,897,214.75 223.00 3,898,991.75
Ul Total debt bearing no Interest 1,520,763,53a76 18,583,477,17 4,283,972.33 1,533,063,035.60 ^ Total gross pubhc debt 10 427,184,032,026.22 497,545,803,828.32 . . - 466,594.137.927.48 458,135,697.927.06 tn
Ul
, g •• Revised. 8 Consists of issues in which there have been no transactions since the fiscal year 1956; Q 1 Reconcihation by classes to the basis of the daily Treasury statement is shown in for amount of each issue outstanding (unchanged since June 30, 1956) see 1956 Annual >
summary table 26. Report, p. 435. tt 2 Treasury bihs are shown at maturity value. 9 Excess of unclassified redemptions over unclassified sales. 3 Consists of a strip issued on Mar. 6, 1972, of additional amount of one series of out- lo Includes public debt incurred to finance expenditures of wholly owned Govern- >•
standing Treasury bills dated Jan. 6,1972, and maturing July 6,1972. ment corporations and other business-type activities in exchange for which their securi- tt * Does not include $204,310,000.00 issued Mar. 6, 1972 (see footnote 3). ties were issued to the Treasury (see table 107). [J 8 Settlement made subsequent to last day of month in which bills matured. S 8 Amounts issued and retired for series E savings bonds and for savings notes include ^
accured discount; amounts outstanding are stated at current redemption values. 2 ' Amounts issued, retired, and outstanding for retirement plan bonds are stated at KA
par with semiarmual interest added when due.
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168 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973
[On basis of daily Treasury statements, supplemented by special statements by the Bureau of the Pubhc Debt on public debt transactions]
Date Securities Rate of interest ^
Amount issued 2 Amount matured
or called or redeemed prior to maturity 3
1972 Percent July 2 Treasury certificates, maturing:
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170 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public deb^ securities, excluding special issues, July 1972-June 1973—Continued
D a t e
1972 J u l y 31
31
31
31 31 31
Securities
U . S . savings bonds ^—Continued Series E-1948 Series E-1949 Series E-1950 Series E-1951 Series E-1952 ( J anua ry t o Apri l ) Series E-1952 (May to December) Series E-1953 Series E-1954 - - . Series E-1955 Series E-1958 . - . . Series E-1957 ( January) Series E-1957 ( F e b r u a r y to D e c e m b e r ) - . Series E-1958 Series E-1959 ( J anua ry to May) - - . Series E-1959 ( June to December) Series E-1960- - . Series E-1981 Series E-1962 - - . . Series E-1963 Series E-1964 Series E-1985 ( Janua ry to N o v e m b e r ) -Series E-1965 (December) -Series E-1966 ---. Series E-1987 - - - - - . Series E-1968 ( Janua ry to May) -Series E-1968 (June to December) Series E-1989 ( January to May) Series E-1989 ( June to December) Series E-1970 ( January to May) Series E-1970 ( June to December ) - --Series E-1971 Series E-1972 Unclassified sales a n d redempt ions Series H-1952 Series H-1953 - - . . Series H-1954 Series H-1955 Series H-1956 - . -Series H-1957 (January) Series H-1957 (Feb rua ry to December) . Series H-1958 Series H-1959 ( January to May) - -Series H-1959 ( June to December) Series H-1980. . -Series H-1981 Series H-1982 --Series H-1963 Series H-1964 Series H-1985 ( January to N o v e m b e r ) - -Series H-1985 (December) Series H-1986 - . . -Series H-1967 - -Series H-1968 ( J anua ry to Mav) -Series H-1968 (June to December) - -Series H-1960 ( Janua ry to May) - . Series H-1989 (June to December) Series H-1970 ( January to May) Series H-1970 (June to December) Series H-1971 - . . - - -Series H-1972 Unclassified sales and redemprions
Treasury notes, Series A-1974 - - . Ad jus tments of redempt ions ^
U.S . savings notes: 8 Series S-1987 . -Series S-1968 ( J anua ry to May) - --Series S-1968 (June to December) Series S-1969 -Series S-1970 . -Unclassified - -
U .S . re t i rement plan bonds Depos i ta ry bonds . F i rs t Series Treasu ry bonds, R E A Series
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STATISTICAL APPENDIX 171
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public securities, excluding special issues, Ju ly 1972-June 1973—Continued
debt
Date
1972 July 31
31 31
Securities Rate of interest i
Percent Treasury bonds, Investment Series B-1975-80- 2 ^
Redeemed in exchange for 1M% Treasury notes, Series EA-1977 ---
Treasury notes, Series EA-1977 \A Miscellaneous.-
Amount issued 2
' $928,"666."66"
Amount matured or called or
redeemed prior to maturity 3
$928,000. 00
71.572. OOO 00
Tota l J u l y 26,321,969,012.31 22,514,486,818.27
Aug. 1 Certificates of indebtedness , foreign series, ma tu r ing :
Aug . 17, 1972 . - - -2 Aug . 17, 1972 - - - -3 Aug. 17, 1972. . .
T reasu ry bills: Regular weekly:
3 Da ted F e b . 3, 1972 3 Matur ing N o v . 2, 1972 3 Matur ing Feb . 1, 1973
Regular m o n t h l y : 4 Matur ing J u l y 31, 1973
Adjus tmen t s of i.ssues 4 Certificates of indebtedness , foreign currency
series, m a t u r i n g : Aug . 4, 1972 F e b . 2, 1973 - - - .
4 Treasury certificates, ma tu r ing J u n e 30, 1973.-4 Certificates of indebtedness , foreign series,
ma tu r ing : Aug . 4, 1972 --Aug . 17, 1972 -- --Nov . 3, 1972
7 Sta te and local government series, certificates of indebtedness - - - - -
7 Certificates of indebtedness , foreign series, ma tu r ing :
Aug. 17, 1972 -- - ---Aug . 17, 1972 --- -- --Aug . 17, 1972 - - - - -Aug . 10, 1972 -- --Aug . 17, 1972 N o v . 10, 1972
Treasu ry bihs: Regular weekly:
D a t e d F e b . 10, 1972,- - -Matur ing N o v . 9, 1972 Matur ing F e b . 8, 1973
T rea su ry certificates, m a t u r i n g Dec. 15, 1972-. Certificates of indebtedness , foreign series,
ma tu r ing : Aug . 11, 1972---- ---Aug. 11, 1972 - -Aug . 17, 1972 - -N o v . 13, 1972 -- .----N o v . 13, 1972---- - - - -Aug . 17, 1972.--- -N o v . 14, 1972 -N o v . 14, 1972 -
Treasu ry notes. Series E-1972 - -Redeemed in exchange for:
^ H % Treasu ry notes. Series F-1976 8 K % Treasu ry notes. Series A-1979. . - - -6 H % Treasu ry bonds of 1984
Redeemable for cash Treasu ry bonds of 1972.
Redeemed in exchange for: 5J^% Treasury notes. Series F-1976 % \ i % Treasu ry notes. Series A-1979 8 H % Treasury bonds of 1984
Redeemable for cash T rea su ry bonds of 1967-72 (dated Oct. 20,1941).
Redeemed in exchange for: 5>8% Treasu ry notes, Series F-1978 8 )^% Treasu ry notes. Series A-1979 85^% Treasu ry bonds of 1984
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 173 T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securities R a t e of interest i
A m o u n t issued 2 A m o u n t m a t u r e d
or called or redeemed prior to m a t u r i t y 3
1972
Aug . 17 17 17 17
18
24
25
Treasury bills: Regular weekly:
D a t e d Feb . 17, 1972 Matur ing Nov . 16, 1972 Matur ing Feb . 15, 1973
Certi icates of indebtedness , foreign series, m a t u r i n g :
Aug . 17, 1972 Aug . 17, 1972 Aug. 17, 1972 . - . . . • -N o v . 17, 1972 -Nov . 17, 1972 N o v . 17, 1972 Aug. 18, 1972 Aug. 18, 1972 - - . Nov . 17, 1972-- - - - -N o v . 18,1972
Treasu rv certi cates, ma tu r ing : J u n e 3 0 , 1973 ---J u n e 30,1973 . - . . - . . . .
Sta te and local government series. Treasury notes -
Treasu ry bills: Regular weekly:
D a t e d F e b . 24, 1972 -Matur ing N o v . 24, 1972 Matur ing F e b . 22, 1973-
Treasu ry notes, foreign series, ma tu r ing : Aug. 24, 1972 Aug . 24, 1972 Nov . 29, 1972
Certificates of indebtedness , foreign series, ma tu r ing :
Aug. 24, 1972 -Oct. 19, 1972 N o v . 24, 1972 --- -Aug. 25, 1972 Nov . 24, 1972 - -
Treasu ry certificates, ma tu r ing J u n e 30, 1973- . Certificates of indebtedness , foreign series,
ma tu r ing : Aug. 30,1972 -N o v . 30, 1972.-
Treasu ry bills: Regular weekly:
D a t e d Aug. 31, 1971 Matur ing Nov . 30. 1972 Matur ing Mar. 1, 1973
Regular m o n t h l y : D a t e d Aug. 31, 1971 Matur ing May 31, 1973 Matur ing Aug. 31, 1973
Treasury certificates, ma tu r ing J u n e 30, 1973.-U .S . savings bonds: *
Series E-1941 -Series E-1942 -Series E-1943 Series E-1944 -Series E-1945- --Series E-1948 Series E-1947 Series E-1948 Series E-1949 -Series E-1950 - -Series E-1951 Series E-1952 ( January to April) Series E-1952 (May to December ) -Series E-1953 ---Series E-1954 -Series E-1955 - . - ---Series E 1956 - -Series E-1957 (January) -Series E-1957 (Februa ry to December) Series E-1958
12,348, l a 514, 5,818, 8,634, 7,343, 7,452, 7,269, 6,099, 2,139, 4,820, 7,660, 8,398, 9,226, 8,730,
810, 7,867, 7,800,
382.15 340,46 143. 60 127.44 265. 00 804. 89 194. 20 427. 89 959. 67 391. 65 321. 96 378. 88 345.74 948.38 4 i a 11 924. 48 597. 93 7 i a 18 288.49 131.19
Footnotes a t end of table .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
174 19 73 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E '':85.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding specialissues, Ju ly 1972-June 1973—Continued
D a t e Securities
1972 Aug. 31 U .S . savings bonds s—Conrinued
Series E-1959 ( January to May) Series E-1959 (June to December) --Series E-1960 Series E-igOl -Series E-1962 --Series E-1963 Series E-1964 Series E-1985 ( Janua ry to November ) Series E-1965 (December) - - . Series E-1968 Series E-1967--Series E-1968 ( Janua ry to May) Series E-1968 ( June to December) Series E -1969 ( Janua ry to May) - - - - . Series E-1969 ( June to December) Series E-1970 ( Janua ry to May) Series E-1970 (June to December) Series E-1971 Series E-1972--- - - . Unclassified sales and redempt ions-Series H-l9.52
" Series PI-1953 . Series Ii-1954 Series H-1955 Series H-1956- -- -Series H-1957 (January) -Series I-I-1957 (Feb rua ry to December) Series H-1958 Series H-1959 ( January to May) Series H-1959 (June to December) Series H-1960 Series H-1961 Series Ii-1962 Series H-1963 Series H-1964 Series I-I-1985 ( January to November ) Series H-1985 (December) - . . Series H-1966 Series H-1987 Series H-1968 ( January to May) Series H-1988 (June to December) Sei res H-1969 ( January to May) - . -Series H-1989 (June to D e c e m b e r ) - --Series H-1970 ( Janua ry to May) -- -Series H-1970 (June to December) Series H-1971 Series H-1972 - - - - - . Unclassified sales and redempt ions
31 U .S . savings notes: s Series S-1967 ---Series S-1968 ( January to May) - -Series S-1968 (June to December) Series S-1969 -Series S-1970 Unclassified -
31 U .S . rer i rement plan bonds ---31 Depos i ta ry bonds , F i r s t Series 31 Treasu ry bonds , R E A Series- - --31 Treasu ry bonds . I n v e s t m e n t Series B -1975-80-.
Redeemed in exchange for 1}4% Treasu ry notes. Series EA-1977 .-
31 Treasury notes. Series EA-1977 31 Miscehaneous
To ta l Augus t
Sept. 1 Treasu ry notes, foreign currency series, ma tu r ing :
Sept. 1, 1972 Nov . 30, 1973
1 Certificates of indebtedness , foreign series, ma tu r ing :
Oct. 19, 1972 N o v . 14, 1972
1 Treasu ry certificates, m a t u r i n g J u n e 30, 1973 . .
SeriesE-1941 - . . . . 63.395 Series E-1942 - - 63.947 Series E-1943-.- - 63.719 Series E-1944...- - - 63.534 Series E-1945-, «3,656
Footnotes at end of table.
2,300,850,000 00 . 1,801,825, ooa 00 ,
200,000, ooa 00 11,265,664,47 ,
728,000, ooa 00 .
'i59,'666,'666^66'. 4,3oaoo .
50,000,000, 00
4,101,700, ooa 00
200,000, ooa 00
728,000, ooa 00
'"i59,'666,'666,"66
2,300,570, ooa 00 . 1,800,615,000 00 .
421,545, 98 3,716,078,69
10,122,323.38 3,877,438.35 3,629,823.72
4,105,320, ooa 00
5,000, ooa 00 25,000,000.00 25,000,000.00
1,253,094. 21 5,840,342. 74 8,617,131.14
10,630,736.74 • 8,998,080.10
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
176 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1972-June 1973—Continued
Date Securities Rate of interest i
Amount issued 2 Amount matured
or called or redeemed prior to maturity 3
1972 Sept . 30
Percent U . S . savings bonds «—Continued
Series E-1946 - - - - - 63.758 Series E-1947 - 63.830 Series E-1948 - - - - - 63.907 Series E-1949 - 64.030 Series E - 1 9 5 0 - - 64.123 Series E-1951 - 6 4.191 Series E-1952 ( January to April) 4.240 Series E-1952 (May to December) 6 4.29I Series E - 1 9 5 3 - - --- 64.018 Series E-1954 63.363 Series E-1955 : 63.973 Series E-1956 -- 6 4.142 Series E-1957 (January) 4.230 Series E-1957 (Feb rua ry to December) 64.353 Series E - 1 9 5 8 - - - - 64.434 Series E-1959 ( Janua ry to May) 4.570 Series E-1959 (June to December) 6 4.572 Series E-1980- --- 64.644 Series E-1961 - 64.746 Series E-1962- 64.325 Series E - 1 9 8 3 - - - 64.390 Series E-1984-. Series E-1965 ( Janua ry to N o v e m b e r ) -Series E-1965 (December) Series E-1966 Series E-1967 Series E-1968 ( J anua ry to May) Series E-1988 (June to December) Series E-1969 ( January to May) Series E-1969 (June to December) Series E-1970 ( January to M a y ) . . -Series E-1970 (Juno to December) Series E-1971 Series E-1972-.
Unclassified sales and redempr ions -- lo -61,788,044.75 Series H-1952 - 63.573 Series H-1953 - --- 63.642 Series H-1954—- - 63.733 Series H-1955— 63.321 Series H-1956 63.953 ._ Series H-1957 (January) 4.030 Series H-1957 (Feb rua ry to December) 6 4. 244 Series H-1958 64.349 Series H-1959 ( Janua ry to May) 4.430 ^ Series H-1959 (June to December ) . 64.436 Series H-1960 64.522 Series H-1961 64.534 _ Series H-1962 64.137 Series H-1963 64.262 Series H-1984 64.394
' Series H-1965 ( January to N o v e m b e r ) . Series H-1965 (December) Series H-1986. . Series H-1967 Series H-1968 ( J anua ry to May) Series H-1968 (June to D e c e m b e r ) . . . Series H-1969 ( January to M a y ) . . - . Series H-1969 (June to D e c e m b e r ) . . . Series H-1970 ( Janua ry to M a y ) . — .. Series H-1970 (June to D e c e m b e r ) . . . Series H-1971 Series H-1972 Unclassified sales and redempt ions . ,
30 Treasu ry notes. Series F-1972 Ad jus tmen t s of redempt ions ^
30 Treasu ry notes . Series A-1974 A d j u s t m e n t s of r edempt ions ^
30 T rea su ry notes . Series A-1975 A d j u s t m e n t s of redempt ions ^
30 T rea su ry notes . Series E-1975 Ad jus tmen t s of r edempt ions ^ ,
30 T r e a s u r y notes , Series F-1976 A d j u s t m e n t s of issues ^
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
178 19 73 REPORT. OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973—Continued
Date
1972
Oct. 18
19 19 19 19
19 19
20
26 26 26 26
26
27 27
31 31 31 31 31
Securities
Certificates of indebtedness, foreign series, maturin .r—Continued
Oct. 18,1972 Oct. 18,1972 - -Oct. 18 ,1972 . . . - -- - . Oct. 18,1972 J a n . 18,1973 - --J a n . 18,1973 J an . 18,1973 - . .
T reasu ry bills: Regular weekly:
D a t e d Apr . 2 0 , 1 9 7 2 . . . . Matur ing J an . 18,1973 Matur ing Apr . 19,1973. - - - - -
Treasu ry notes. Series E-1974. -Issued for cash
Treasu ry cerrificates, m a t u r i n g Nov . 1,1972--Certificates of indebtedness , foreign series,
m a t u r i n g : Oct. 19,1972. Oct. 19.1972 - - -N o v . 17,1972 --J an . 3,1973 - -J an . 19,1973 - - - -Jan , 19,1973-. Oct. 20 ,1972. . . J a n . 1 9 , 1 9 7 3 . . . .
T reasu ry bUls: Regular weekly:
D a t e d Apr . 2 7 , 1 9 7 2 . . . Matur ing J an . 25,1973 Matur ing Apr , 2 6 , 1 9 7 3 . . .
T reasu ry notes, foreign series, ma tu r ing : Oct, 26, 1972 J an . 24, 1974...
T reasury certificates, ma tu r ing : J u n e 30, 1973 J u n e 30, 1973 -
Cerrificates of indebtedness , foreign series, ma tu r ing :
Oct. 27, 1972 J an . 2 a 1973 - - . - -
Treasury bills: Regular mon th ly :
D a t e d Oct. 31, 1972 Matur ing Ju ly 31, 1973-— Matur ing Oct. 23, 1973
Treasu ry certificates, ma tu r ing J u n e 30, 1973. U . S . savings bonds: s
Series E-1941 . . . -Series E -1942 . - - -Series E-1943 Series E-1944-- --Series E-1945 Series E-1946 -Series E-1947 Series E-1948 Series E-1949 Series E - 1 9 5 0 - - --Series E-1951 - -Series E- ia52 ( January to April) Series E-1952 (May to December) Series E-1953 - . - -Series E-1954 -Series E-1955 - -Series E - 1 9 5 6 - - - . - - - - -Series E-1957 (January) --Series E-1957 (Februa ry to D e c e m b e r ) - -Series E-1958-Series E-1959 ( January to May) Series E-1959 ( June to December) Series E-1980 Series E-1961 Series E-1962 -- -Series E-1963 - - - -Series E - 1 9 8 4 - -
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 179 TABLE 35.—Issues, maturities, and redemptions of interest-bearing puhlic debt
securities, excluding special issues, July 1972-June 1973—Continued
D a t e Securities A m o u n t m a t u r e d
R a t e of A m o u n t issued 2 or called or in teres t 1 redeemed prior
to m a t u r i t y ^
1972 Percent Oct. 31 U .S , savings bonds *—Continued
Series E-1965 (January to November ) 6 4,721 5.130 4.877 4.826 4.960 5.090 5.200 5.427 5.480 5.500 5.500 5.500
Series E -1965 (December) Series E-1968 Series E-1967 Series E-1968 ( J a n u a r y to M a y ) . . . Series E-1988 ( June to December) Series E-1989 ( January to May) - . , Series E-1989 ( June to December) Series E-1970 ( Janua ry to M a y ) . -Series E-1970 ( June to December) Series E-1971 -Series E-1972. . Unclassified Series H-1952 63.573 . . Series H-1953. . 63.642 . . Series H-1954 63.733 . . Series H-1955- - 63.321 . . Series H-1956 63.953 . . Series H-1957 (January) 4.030 . -Series H-1957 (Feb rua ry to December) «4. 244 . -Series H-1958 64.349 . . Series H-1959 ( January to May).- . 4.430 . . Series H-1959 ( June to December) - 6 4.436 . . Series H-1960 «4,522 . . Series H-1961 . . . . . - 64.534 . . Series H-1962 64.137 -Series H-1983 6 4.262 . -Series H-1964 64.394 . . Series H-1965 ( January to November ) e 4.536 . . Series H-1985 (December) 4.810 . . SeriesH-1986 . . . - - 4,848 . . Series H-1967 4,982 . . Series H-1968 ( Janua ry to May) 5, 070 - . Series H-1968 (June to December) - 5.153 -. Series H-1969 ( January to May) 5,240 . . Series H-1969 (June to December) 5.445 . . Series H-1970 ( January to May) - 5.470 . . Series H-1970 (June to December) 5,500 Series H-1971 - - 5.500 Series H - 1 9 7 2 - . 5.500 Unclassified sales and r e d e m p t i o n s . . .
31 Treasu ry notes, Series F-1972 6 . 0 0 . . Ad jus tmen t s of redempt ions ' '.
31 Treasu ry notes . Series A-1974 5H--A d j u s t m e n t s of redempt ions ' -.
31 Treasu ry notes . Series A-1975 5K-A d j u s t m e n t s of redempt ions '
31 Treasu ry notes, Series F-1976 - 514-Ad jus tmen t s of issues ' ' . . -
31 Treasu ry notes, Series A-1979 QH-A d j u s t m e n t s of issues '
31 T rea su ry bonds of 1984 &%-Adjus tmen t s of issues '
31 U .S , savings notes : 8 Series S-1967 4,74 Series S-1968 ( Janua ry to May) 4, 74 Series S-1968 (June to December) 5,00 Series S-1969 - - . - 5,00 Series S-1970 5.00 Unclassified
31 U . S . re t i rement plan bonds 4.32 31 Depos i ta ry bonds . Firs t Series 2, 00 31 Treasu ry bonds , R E A Series 2 . 0 0 . 31 Treasu ry bonds , I n v e s t m e n t Series B-1975-80. 2 H -
Redeemed in exchange for: 13^% Treasu ry notes . Series EA-1977 l > i % Treasu ry notes . Series EO-1977
31 T r e a s u r y notes, Series EA-1977- 13^ 31 T rea su ry notes , Series EO-1977 13^ 31 Miscel laneous . . - ^
T o t a l October 26,761,607,26a 93 22,856,746,118.20
Footnotes a t end of t ab le .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
180 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973—Continued
D a t e Securities R a t e of in teres t i
A m o u n t issued 2 A m o u n t m a t u r e d
or called or redeemed prior to m a t u r i t y 3
1972 N o v . 1 Certificates of indeb tedness , foreign series,
^ ma tu r ing N o v . 17, 1972 1 Treasu ry certificates, m a t u r i n g :
J u n e 30, 1973 -2 J u n e 3 0 , 1973 -
Treasu ry bills: Regular weekly:
2 D a t e d May 4, 1972 2 Matur ing F e b , 1, 1973 -2 Matur ing May 3, 1973 -3 Certificates of indebtedness , foreign series,
m a t u r i n g : N o v . 3, 1972 N o v . 17, 1972 - -N o v . 24, 1972-- - - - -J a n . 3,1973 F e b . 2, 1973
3 Sta te and local government series, certificates of indebtedness -
Treasu ry bills: Regular m o n t h l y :
6 Matur ing Oct. 23,1973 Adjus tmen t s of i s sues - - - --
6 Treasu ry notes, foreign currency series, maturing:
N o v . 6,1972 F e b . 6, 1974
7 Sta te and local government series, certificates of indebtedness •.
T reasu ry bills: Regular weekly:
9 D a t e d May 11,1972 9 Matur ing F e b . 8,1973 9 Matur ing May 1 0 , 1 9 7 3 —
10 T r e a s u r y certificates, ma tu r ing J u n e 30,1973 - . . 10 Certificates of indebtedness , foreign series,
m a t u r i n g : N o v . 10, 1972 F e b . 9, 1973
13 N o v . 13, 1972 N o v , 17, 1972 F e b . 13, 1973
14 N o v . 14, 1972 F e b . 14, 1973
15 Certificates of indebtedness , foreign series, m a t u r i n g :
Nov , 15, 1972 F e b . 15, 1973
15 Treasu ry notes. Series F-1972 Redeemable for ca sh . .-
15 Treasu ry notes. Series D-1976 Issued for cash
15 Sta te and local government series. T reasu ry notes
Treasury b ihs : Regular weekly:
16 D a t e d M ay 18, 1972... 16 Matu r ingFeb . 15,1973.. .^. 16 Matur ing May 17, 1973 18 Treasu ry certificates, ma tu r ing J u n e 30, 1973. . 16 Cert i cates of indebtedness , foreign series,
m a t u r i n g : Nov , 16, 1972 Nov , lb . 1972.. F e b . 16, 1973 F e b . 16, 1973
17 Nov . 17, 1972 Nov . 17, 1972 Nov . 17, 1972 Nov . 17, 1972 Nov, 17, 1972 Jan , 15, 1973 F e b . 16, 1973 Feb , 16, 1973 May 17, 1973
30 Treasury cerrificates, maturing June 30, 1973.. 30 U.S. savings bonds: *
Series E-1941 -Series E-1942 -Series E-1943 - -Series E-1944 Series E-1945 -Series E-1946 -Series E-1947 - -Series E-1948--.-Series E-1949 Series E-1950 - -Series E-1951 - -Series E-1952 (January to April) Series E-1952 (May to December) Series E-1953 Series E-1954 -Series E-1955 - -Series E-1956 -Series E-1957 (January) Series E-1957 (February to December) Series E-1958 Series E-1959 (January to May) Series E-1959 (June to December) - . . Series E-1960 -Series E-1961 ---Series E-1962 Series E-1963 - -Series E-1964 Series E-1965 (January to November) Series E-1985 (December) -Series E-1966 - . . Series E-1987 -Series E-1968 (January to May) -Series E-1988 (June to December). Series E-1989 (January to May) - -. Series E-1989 (June to December)---Series E-1970 (January to May) Series E-1970 (June to December) Series E-1971 Series E-1972 - - . . . Unclassified sales and redemptions Series H-1952
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
182 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securit ies R a t e of in teres t i
A m o u n t issued 2 A m o u n t m a t u r e d
or cahed or redeemed prior to m a t u r i t y 3
1972 Nov , 30 U , S , savings bonds ^—Continued
Series H - 1 9 5 3 - -Series H-1954 -Series H-1955 Series H-1958 -Series H-1957 ( January) -Series H-1957 (Februa ry to D e c e m b e r ) . Series H-1958 Series H-1959 ( January to May) Series H-1959 (June to December) Series H-1980-Series H-1981 Series H-1982-Series H-1963 - - . Series H-1984. Series H-1985 ( January to N o v e m b e r ) . . . Series H-1985 (December) Series H-1968 Series H-1967 , Series H-1968 (January to May) Series I-I-1968 (June to December ) Series H-1989 ( January to May) Series H-1989 ( June to December) Series H-1970 ( January to M a y ) . . Series H-1970 ( June to December) Series H-1971 . Series H-1972 Unclassified sales and redempt ions
30 T r e a s u r y notes . Series E-1974 .". Ad jus tmen t s of issues 7.
U . S . savings notes: s Series S-1987 Series S-1988 ( Janua ry to May) Series S-1968 (June to December) _ Series S-1969 Series S-1970 Unclassified .,
U . S . r e t i r ement plan b o n d s . Depos i ta ry bonds . F i rs t Series
30 T rea su ry bonds, R E A Series.--30 T rea su ry bonds . I n v e s t m e n t Series B-1975-?
Redeemed in exchange for: 13^% T r e a s u r y notes. Series EA-1977.. 13^% T rea su ry notes. Series EO-1977..
30 Treasu ry notes, Series EA-1977. . 30 Treasu ry notes. Series EO-1977. 30 Miscellaneous :
27 T rea su ry certificates, m a t u r i n g J u n e 30, 1973. -27 Treasu ry notes, foreign series, m a t u r i n g Dec.
27,1972 - -28 T r e a s u r y notes . Series F-1974
Issued for cash T rea su ry bills:
Regular weekly: 28 D a t e d J u n e 29, 1972 28 Matur ing Mar. 29, 1973 28 Matur ing J u n e 28, 1973 28 Certificates of indebtedness , foreign series,
m a t u r i n g : Dec. 28,1972
29 Jan , 5, 1973 . . . . F e b . 23, 1973
29 T r e a s u r y n o t e s -29 T rea su ry certificates, m a t u r i n g :
J u n e 30, 1973 J u n e 30, 1973
31 U .S . savings bonds : 5 SeriesE-1941 Series E-1942 Series E-1943 -Series E-1944 Series E-1945
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
184 19 73 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securities R a t e of A m o u n t issued 2 in teres t ^
A m o u n t m a t u r e d or called or
redeemed pr ior to m a t u r i t y 3
1972 Percent Dec . 31 U .S . savings bonds *—Continued
Series E-1946 - 63.753 Series E-1947 63.330 Series E-1948 6 3. 907 Series E-1949 -- 64.030 Series E-1950 - 6 4.123 Series E-1951 64.191 Series E-1952 ( January to April) 4,240 Series E-1952 (May to December) 6 4.291 Series E-1953 - 94.018 Series E-1954 --- 63.363 Series E-1955 93:973 Series E-1958 94.142 Series E-1957 ( January) 4.230 Series E-1957 (Februa ry to December) 6 4.363 Series E-1958 64.434 Series E-1959 ( January to May) - 4.570 Series E-1959 (June to December) 9 4.572 Series E-1980 - 94.644 Series E-1961 - 64.746 Series E-1982 64.325 Series E-1963 - 64.390 Series E-1964 - -.. 64.965 Series E-1965 ( January to November ) 6 4.721 Series E-1965 (December) 5.130
Series E-1966. Series E-1987 -Series E-1968 ( January to May) - - -Series E-1968 (June to December) -Series E-1969 ( January to M a y ) - . . Series E-1969 (June to December) -Series E-1970 ( January to M a y ) . . . Series E-1970 ( June to December ) . Series E-1971 Series E-1972 Unclassified sales and redempt ions ^ Series H-1952 63.573 Series H-1953. 63.642 Series H-1954 63.733 Series H-1955-- 63.321 Series H-1956 : 63.953 Series H-1957 (January) 4.030 Series H-1957 (Feb rua ry to December) . 64.244 Series H-1958. . 64.349 Series H-1959 ( January to May) 4.430 Series H-1959 (June to December) e 4.436 Series H-1960 64,522 Series H-1961 94.534 Series H-1962 64.137 Series H-1983 64.262 Series H-1984 6,4.394 Series H-1965 ( January to November ) 6 4.536 Series H-1965 (December) . Series H-1966 Series H-1967 Series H-1968 ( January to May) Series H-1968 ( June to December) - -Series H-1969 ( January to May) Series H-1969 (June to December) - -Series H-1970 ( January to May) Series H-1970 (June to December ) . . . Series H-1971 Series H-1972 Unclassified sales and redempt ions .
Treasury notes, Series A-1974 Adjus tmen t s of redempt ions "
31 Treasury notes. Series A-1975 Adjus tmen t s of redempt ions '
31 Treasury notes. Series E-1975 Adjus tments of redempt ions ^
31 Treasury notes. Series D-1976 Adjus tments of i s s u e s ' .
31 Treasury notes, Series F-1976 Adjus tmen t s of issues '
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 187 T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, Ju ly 1972-June 1973—Continued
Date Securities Rate of interest i
Amount issued 2 Amount matured
or called or redeemed prior to maturity 3
1973 Jan. 31 U.S. savings bonds *—Continued
Series E-1943 Series E-1944 -Series E-1945- -Series E-1946 -Series E-1947 Series E-1948-- -Series E-1949 SeriesE-1950 Series E-1951--- - ----Series E-1952 (January to April) Series E-1962 (May to December) Series E-1963- -Series E-1964 Series E-1956-Series E-1956-Series E-1957 (January) -Series E-1957 (February to December). Series E-1958- - . Series E-1969 (January to May) Series E-1959 (June to December) Series E-1980 Series E-1981 Series E-1982 Series E-1963 Series E-1964 Series E-1985 (January to November).. Series E-1986 (December). Series E-1966 Series E-1967 Series E-1968 (January to May) Series E-1968 (June to December) Series E-1969 (January to May) Series E-1969 (June to December) Series E-1970 (January to May ) Series E-1970 (June to December) Series E-1971 Series E-1972 Unclassified sales and redemptions Series H-1952— - --Series H-1963 Series H-1954 Series H-1955—-Series H-1966 Series H-1957 (January) Series H-1957 (February to December). Series H-1958 Series H-1959 (January to May) Series H-1959 (June to December) Series H-1960 Series H-1961 Series H-1962 Series H-1963 Series H-1964-Series H-1966 (January to November).. Series H-1966 (December) Series H-1966 Series H-1967 Series H-1988 (January to May) Series H-1968 (June to December) Series H-1969 (January to May) Series H-1969 (June to December) Series H-1970 (January to May) Series H-1970 (June to December) Series H-1971 Series H-1972 Unclassified sales and redemptions
31 Treasury notes, Series A-1974 Adjustments of redemptions ^
31 Treasury notes, Series A-1976 Adjustments of redemptions ^
31 Treasury notes, Series E-1976 Adjustments of redemptions ^
31 Treasury notes, Series F-1974 Adjustments of issues^
Series E-1941 93.395 Series E-1942.... 93.947 Series E-1943. 63.719 Series E-1944 63.534 Series E-1945. 63.656 Series E-1946 93.753 Series E-1947- 93.330 Series E-1948.. 63.907 Series E-1949. 94.030 Series E-1950 .-- 6 4.123 Series E-1951 -- 64.191 Series E-1952 (January to April) - - - 4. 240 Series E-1952 (May to December) 6 4.29I Series E-1953 --- 64.018 Series E-1954 -.- 93.368 Series E-1955- -- 63.973 Series E-1956- 64.142 Series E-1957 (January) -- 4.230 Series E-1957 (February to December) 6 4.368 Series E-1958- - 64.434 Series E-1959 (January to May) - 4.570 Series E-1959 (June to December) - 6 4.572 Series E-1960 - -- - 64.644 Series E-1961 94.746 Series E-1962 64.325 Series E-1963 94.390
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
190 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973—Continued
D a t e
1973 F e b . 28
28
28
28
28 28 28 28
28 28 28
Mar. 1
Securities
U .S . savings bonds s—Continued Series E-1964 Series E-1965 ( Janua ry to November ) Series E-1985 (December) Series E-1966 Series E-1967 Series E-1988 (January to May) Series E-1988 (June to December) Series E-1969 ( January to May) Series E-1969 (June to December) Series E-1970 ( January to May) Series E-1970 ( June to December) Series E-1971 Series E-1972 Series E-1973 Unclassified sales and redempt ions Series H-1952 . . . . Series H-1963 Series H - 1 9 5 4 . . . . : Series H-1966 . . . . Series H-1956 Series H-1957 ( January) Series H-1957 (Feb rua ry to D e c e m b e r ) . . . . Series H-1958 Series H-1959 ( January to May) . Series H-1959 (June to December) Series H-1960 Series H-1961 Series H-1962 Series H-1983 Series H-1964 Series H-1965 ( January to November ) Series H-1985 (December) Series H-1966.— Series H-1967 Series H-1988 ( January to M a y ) . . Series H-1968 (June to December) Series H-1969 ( January to May) Series H-1969 (June to December) Series H-1970 ( January to M a y ) . . Series H-1970 (June to December) Series H-1971 Series H-1972 Series H-1973 Unclassified sales and redempt ions
Treasu ry notes. Series A-1979 Ad jus tmen t s of issues ^
T rea su ry bonds of 1993 Adjus tmen t s of issues ''-
U .S . savings notes:8 Series S-1967 Series S-1968 ( January to May) Series S-1968 (June to D e c e m b e r ) . . . Series S-1969 Series S-1970 Unclass i f ied . . - .
U .S . re t i rement plan b o n d s . . . Depos i ta ry bonds . Fi rs t Series T rea su ry bonds , R E A Series T r e a s u r y bonds . I n v e s t m e n t Series B-1975-80-
Redeemed in exchange for 13^%: Treasu ry notes, Series EA-1977 . . . T rea su ry notes . Series EO-1977
T r e a s u r y notes , Series EA-1977 T r e a s u r y notes . Series EO-1977 Miscellaneous
T o t a l F e b r u a r y . .
T rea su ry cerrificates, m a t u r i n g : Mar. 1,1973 A p r . 1,1973
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 191 T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securit ies R a t e of in teres t i
A m o u n t issued 2 A m o u n t m a t u r e d
or called or redeemed prior to m a t u r i t y 3
1973
Mar. 1 1 1 2
T r e a s u r y b ihs : Regular weekly :
D a t e d Aug . 31,1972 Matur ing May 31.1973 Matur ing Aug . 30,1973
S ta t e and local gove rnmen t series: Certificates of indebtedness Certificates of indebtedness T reasu ry notes -T rea su ry b o n d s -Certificates of Indebtedness T rea su ry notes -T r e a s u r y bonds
Certificates of Indebtedness , foreign series, m a t u r i n g :
J u n e 6,1973 -J u n e 6,1973-J u n e 6,1973 ---J u n e 7,1973
T rea su ry b ihs : Regular weekly :
D a t e d Sept . 7,1972 Matur ing J u n e 7,1973 Matur ing Sept . 6,1973
T r e a s u r y notes , foreign series, m a t u r i n g Mar. 9, 1973 -
T r e a s u r y notes , foreign currency series, m a t u r i n g :
Mar. 9, 1973 J u n e 7,1974 - - . .
S ta te and local gove rnmen t series. T r e a s u r y b o n d s -
T rea su ry b ihs : Regular weekly :
D a t e d Sept . 14,1972 Matur ing J u n e 14, 1973 Matur ing Sept . 13,1973
Certificates of indebtedness , foreign series, m a t u r i n g :
Mar. 20,1973 -Mar. 20,1973 May 9, 1973 May 14, 1973 J u n e 20, 1973 - . - -J u n e 20, 1973 --- - . .
T rea su ry certificates, ma tu r ing J u n e 30, 1973.. T rea su ry notes, foreign series, ma tu r ing :
Mar. 22, 1973 J u n e 27, 1974
Treasu ry bills: Regular weekly:
D a t e d Sept. 21, 1972 Matur ing J u n e 21, 1973 ---Matur ing Sept . 20, 1973 -
S ta te and local government series, certificates of indebtedness
T r e a s u r y certificates, m a t u r i n g J u n e 30, 1973-. S ta te and local government series, certificates
of indebtedness Cert incates of indebtedness , foreign series,
m a t u r i n g : Mar. 26, 1973 J u n e 26, 1973 -
Sta te and local government series: T rea su ry bonds , Certificatesof indebtedness
T rea su ry notes, foreign series, m a t u r i n g : Mar. 29, 1973 J u n e 27, 1974
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192 19 73 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 35.—Issues, maturities, and redemptions of interest-hearing puhlic debt securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securities R a t e of in teres t i
A m o u n t issued 2 A m o u n t m a t u r e d
or called or redeemed pr ior
to m a t u r i t y 3
1973
Mar,
Percent T rea su ry b ihs :
Regular weekly: D a t e d Sept . 28, 1972 4 5.165 Matur ing J u n e 28, 1973. Matur ing Sept. 27, 1973
T rea su ry certificates, ma tu r ing J u n e 30, 1973. . U .S . savings bonds : *
Series E-1941 Series E-1942 Series E-1943 -Series E-1944 Series E-1946 Series E-1946 Series E-1947 -Series E-1948 Series E-1949 Series E-1950 - -Series E-1951 Series E-1962 ( January to April) Series E-1952 (May to December) Series E-1963 Series E-1954 Series E-1955 -Series E - 1 9 5 6 - -Series E-1957 ( January) Series E-1957 (Feb rua ry to December) Series E-1958 --Series E-1959 ( Janua ry to May) Series E-1959 (June to December) Series E-1960 Series E-1961 Series E-1982 Series E-1963 Series E-1964..
Series E-1965 ( Janua ry to November ) 9 4.721 Series E-1985 (December) - 5.130 Series E-1966 4.877 Series E-1967 4,826 Series E-1968 ( Janua ry to May) 4,960 Series E-1988 ( June to December) 5,090 Series E-1969 ( January to May) 5,200 Series E-1969 ( June to December) 5.427 Series E-1970 ( January to May) 5,480 Series E-1970 ( June to December) 5,500 Series E-1971 5,500 Series E-1972 5, 500 Series E-1973 5,500 Unclassl ^:ed sales and redempt ions Series H-1952 93.573 . Series H-1953 93.642 . Series H-1954 63.733 Series H-1955 93.321 . Series H-1958 93.953 . Series H-1957 ( January) 4,030 . Series H-1957 (Feb rua ry to December) 9 4.244 . Series H-1958 64.349 . Series H-1959 ( J anua ry to May) - 4.430 . Series H-1959 (June to December) 9 4.436 . Series H-1980 94.522 . Series H-1961 94.534 . Series H-1982 94.137 . Series H-1963 94.262 . Series H-1964 94.394 .
Series H-1965 ( January to November ) -Series H-1965 (December) Series H-1966 Series H-1967 Series H-1968 ( January to May) Series H-1968 (June to December) . . Series H-1969 ( January to May) Series H-1989 (June to December ) . . Series H-1970 ( January to May) Series H-1970 (June to December ) . . Series H-1971
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 193
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1972-June 1973—Continued
D a t e Securities R a t e of in teres t i
A m o u n t issued 2 A m o u n t m a t u r e d
or called or redeemed prior to m a t u r i t y 3
1973 Mar, 31
31
U.S . savings bonds ' '—Continued Series H-1972 Series H-1973 Unclassl Tied sales and redempt ions
Treasury notes. Series G-1978 Adjus tmen t s of issues ^
Treasury notes. Series B-1979 Adjus tmen t s of issues ^ ,
U .S . savings notes: s Series S-1967. Series S-1988 ( January to May) Series S-1968 (June to December) Series S-1969 Series S-1970. Unclassified
U.S . re t i rement plan bonds Deposi ta ry bonds, Fi rs t Series. Treasury bonds, R E A Series T rea su iy bonds. I n v e s t m e n t Series B-1975-80. .
Redeemed in exchange for 13^% Treasury notes, Series EA-1977
m % T r e a s u r y n o t e s , Series EO-1977 Treasu ry notes, S ri'.s E A 1977 T rea su ry notes. Series EO-1977 Miscellaneous
30 U.S, savings bonds: ^ Series E-1941 93.395 Series E-1942 93.947 Series E-1943 93.719 Series E-1944 93.534 Series E-1945 - 93.666 Series E-1946 - 93.753 Series E-1947 - 93.330 Series E-1948 93.907 Series E-1949 94.030 SeriesE-1950 94.123 Series E-1951 , - 9 4.191 Series E-1952 (January to April) 4,240
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 195 T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, Ju ly 1972-June 1973—Continued
Date Securities Rate of interest i
Amount issued 2 Amount matured
or called or redeemed prior to maturity 3
1973 Apr. 30
Percent U.S. savings bonds «—Continued
Series E-1952 (May to December) 9 4.291 Series E-1963 94.0I8 Series E-1954 93.363 Series E-1966 93.973 Series E-1966 94.142 Series E-1967 (January) 4.230 Series E-1957 (February to December) 9 4.368 Series E-1968 94.434 Series E-1969 (January to May) 4.670 Scries E-1959 (June to December) 9 4.572 Series E-1960 9 4. 644 Series E-1961 - . . 94.746 Series E-1962 94.825 Series E-1963 94.390 Series E-1964 94.966 Series E-1965 (January to November) 9 4,721 Series E-1966 (December) 5.130 Series E-1966 4.877 Series E-1967 4.826 Series E-1968 (January to May) 4,960 Series E-1968 (June to December) 6.090 Series E-1969 (January to May) 6. 200 Series E-1969 (June to December) 6.427 Series E-1970 (January to May) 6.460 Series E-1970 (June to December) 6.600 Series E-1971 6.600 Series E-1972 6.600 Series E-1973 6. 560 Unclassified sales and redemptions Series H-1962 93.573 . Series H-1963 63.642 . Series H-1964 - 63.733 , Series H-1965 63.321 . Series H-1966 63.953 . Series H-1967 (January) 4.030 , Series H-1967 (February to December) 9 4.244 Series H-1958 94.349 . Series H-1959 (January to May) 4,430 Series H-1969 (June to December) 6 4.436 Series H-1960 -- - 64.522 Series H-1961 64.534 . Series H-1962 94.137 Series H-1963 - 94.262 , Series H-1964 64.394 Series H-1966 (January to November") 6 4.536
Series H-1965 (December). SeriesH-1986 Series H-1967 Series H-1968 (January to May) — Series H-1968 (June to December),. Series H-1989 (January to May). . . . Series H-1989 (June to December).. Series H-1970 (January to May) Series H-1970 (June to December).. Series H-1971 Series H-1972 Series H-1973 Unclassified sales and redemptions 10 -2,204,000,00
Treasury notes, Series G-1976 63^ Adjustments of issues ^ ,
Treasury notes. Series B-1979 6 ^ Adj ustments of issues ^
U,S, savings notes: ^ Series S-1967 . Series S-1968 (January to May) Series S-1968 (June to December). Series S-1969 Series S-1970 Unclassified
U.S. retirement plan bonds 4.40 Depositary bonds. First Series 2.00 Treasury bonds, REA Series 2.00
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 197 T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public debt
securities, excluding special issues, Ju ly 1972-June 1973—Continued
Date Securities Amount matured
Rate of Amount issued 2 or called or interest 1 redeemed prior
to maturity 3
1973 May 15
18
T rea su ry bonds of 1993-98 Issued in exchange for:
7M% Treasu ry notes, Series A-1973 Issued for cash
Certificates of indebtedness , foreign series, m a t u r i n g :
May 18,1973 May 16,1973 A u ? . 16,1973 A u g , 16,1973
T rea su ry b ihs : Regular m o n t h l y :
Matur ing A p r . 9 ,1974 . . Ad jus tmen t s of issues
Regular weekly : Matur ing J u l y 12,1973
Ad jus tmen t s of issues Matur ing Oct . 11,1973
Ad jus tmen t s ot i ssues . D a t e d N o v . 18,1972 Matur ing Aug , 16,1973 Matur ing N o v . 15,1973
Certificates of indebtedness , foreign series, m a t u r i n g :
May 17,1973 N o v . 16,1973 --- ---
Trea su ry notes , foreign series, m a t u r i n g May 22,1973
Certificates of indebtedness , foreign scries, m a t u r i n g :
May 23,1973 A u g . 23,1973 -- ---
Trea su ry notes , foreign series, m a t u r i n g : May 24,1973 May 24,1973 Aug . 22, 1974
T rea su ry bills: Regular week ly :
D a t e d N o v , 24,1972 Matur ing A u g . 23,1973 Matur ing N o v . 23,1973
Treasu ry certificates, ma tu r ing : J u n e 30,1973 J u n e 30,1973 --
Certificates of indebtedness , foreign series, ma tu r ing :
May 30,1973 N o v . 3 a 1973
T rea su ry b ihs : Regular weekly:
D a t e d N o v . 30,1972 -- . Matur ing Aug . 30,1973 Matur ing Nov . 29,1973 - - - - - . . .
K eg ular mon th l y : D a t e d May 31,1972 Matur ing May 7,1974 . - -
Treasu ry certificates, ma tu r ing J u n e 30 ,1973 . . S ta te and local government series, certificates
of indebtedness - - -U .S . savings bonds :
Serie.s E-1941 ---. Series E-1942 Series E-1943 Series E-1944 - - - . Series E-1945 Series E-1946 --Series E-1947 -Series E-1948 Series E-1949 -. SeriesE-1950 Series E-1951 -Series E-1952 ( J a n u a r y to April) Series E-1952 (May to December)
10,073,464,61 9,032,652.27 4,983,708.74 5,763,342.04 6,076,50a22 6,553, l i a 89 5,931,594.31 5,418.157.90 1,921,995,24 3,588,100,97
Footnotes at end of table.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
198 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973—Continued
Date Securities
1973 May 31 U.S. savings bonds s—Continued
Series E-1953 Series E-1954 Series E-1955 Series E-1956 . --Series E-1957 (January) Series E-1957 (February to December) .--Series E-1958..-Series E-1959 (January to May) Series E-1959 (June to December) Series E-1980 --Series E-1961 Series E-1962 Series E-1983.. . Series E-1964.-Series E-1985 (January to November) Series E-1985 (December) Series E-1986 Series E-1967 Series E-1988 (January to May) Series E-1988 (June to December) Series E-1989 (January to May) Series E-1969 (June to December) . . -Series E-l 970 (January to May) Series E-x970 (June to December) Series E-1971 Series E-1972 . . . Series E-1973 Unclassified sales and redemptions Series H-1952.... Series H-1953 Series H-1954 Series H-1955 . Series I-I-1958—. Series H-1957 (January) Series 11-1957 (February to December)----Series H-1958-Series Ii-1959 (January to May) Series H-1959 (June to December) Series H-1960 _ -Series H-1961 Series H-1962 Series H-1963 Series H-1984 Series H-1965 (January to November) Series I-I-1965 (December) Series H-1986.... Series H-1967 Series Ii-1968 (January to May) Series Ii-1968 (June to December) Series H-1969 (January to May) Series H-1989 (June to December) Series H-1970 (January to May). Series H-1970 (June to December).. Series H-1971.... Series H-1972 Series H-1973 Unclassified sales and redemptions....'
31 U.S. savings notes: s Series S-1987 . . Series S-1968 (January to May)..- --. Series S-1968 (June to December) Series S-1989 Series S-1970 Unclassified- .
31 U.S. retirement plan bonds 31 Depositary bonds. First Series 31 Treasury bonds, REA Series --31 Treasury bonds, Investment Series B-1975-80- -
Redeemed in exchange for 13^% Treasury notes, Series EA-1978
31 Treasury notes. Series EA-1978 31 Miscellaneous
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
200 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 35.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1972-June 1973—Continued
D a t e Securities A m o u n t m a t u r e d
R a t e of A m o u n t issued 2 or called or in teres t 1 redeemed prior
to m a t u r i t y 3
1973 J u n e 28
30
30
State and local government series, certificates of indebtedness - -•
Treasury notes, foreign series, m a t u r i n g June 27, 1973-
Treasury certificates, m a t u r i n g : J u n e 30, 1973
. Ju ly 1, 1973 Treasury bills:
Regular weekly: D a t e d Dec, 28, 1972 Matur ing Sept . 27, 1973- -Matur ing Dec. 27, 1973
Certificates of indebtedness , foreign series, ma tu r ing :
Ju ly 3, 1973 Ju ly 3, 1973 Sept . 28, 1973-:
Treasury notes, foreign series, m a t u r i n g Dec . 29, 1977
Treasury notes, ma tu r ing : J u n e 29, 1979.-- .• June 30, 1979.- . -
30 T r e a s u r y certificates, m a t u r i n g : J u n e 30,1973 J u n e 30,1973 J u n e ' 3 0 , 1 9 7 4 . . . - - - - - . J u n e 30, 1974
U . S . savings bonds : s SeriesE-1941 -Series E-1942_.--Series E-1943 Series E-1944 Series E-1945 Series E-1948 -Series E-1947. . -Series E -1948 . . . - -Series E-1949 --SeriesE-1950 Series E-1951 -Series E-1952 ( J anua ry to Apri l) Series E-1952 (May to December) Series E-1953 Series E-1954 Series E-1955 Series E-1958 Series E-1957 ( January ) Series E-1957 ( F e b r u a r y to December) Series E-1958 - . -Series E-1959 ( Janua ry to May) Series E-1959 ( June to December) Series E-1960 - - -Series E-1981 -Series E-1962 Series E-1963 Series E-1964 -Series E-1965 ( January to November ) Series E-1965 (December) Series E - 1 9 8 6 - - -Series E-1967 Series E-1988 ( Janua ry to May) Series E-1988 ( June to December) Series E-1989 ( J anua ry to May) Series E-1969 ( June to December) Series E-1970 ( January to M a y ) . - -Series E-1970 ( June to December) Series E-1971 --Series E-1972 Series E-1973. Unclassified sales and redempt ions Series PI-1952 Series H-1953 Series H-1954 Series H-1955 Series H-1958
11,240,961.97 30,711, o n . 69 81,402,780 39 97, ooa 425. 00 22,78a 750 61
215, ooa 00 809, ooa 00
1,091, ooa 00 l ,822 ,50a00 l , 312 ,50a00
Footnotes a t end of table .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 201
T A B L E 35.—Issues, maturities, and redemptions of interest-bearing public securities, excluding special issues, Ju ly 1972-June 1973—Continued
debt
Date Securities Amount matured
Rate of Amount issued 2 or cahed or interest 1 redeemed prior
to maturity 3
1973 June 30 U.S. savings bonds s—Continued
Series H-1957 (January) Series H-1957 (February to December).... Series H-1958 . . -Series H-1959 (January to May)..- ---Series H-1959 (June to December) Series H-1960. Series H-1961 -Series H-1962 ---Series H-1963 -Series H-1964 ---Series H-1985 (January to November) Series H-1965 (December) Series H-1968 Series 11-1967 Series H-1968 (January to May) Series H-1988 (June to December) Series H-1989 (January to May) Series H-1969 (June to December) Series H-1970 (January to May) Series H-1970 (June to December) Series H-1971 Series H-1972 Series H-1973 Unclassified sales and redemptions
30 Treasury notes. Series A-1980 Adj ustments of issues ^
30 U.S. savings notes: 8 y Series S-1987 Series S-1988 ( January to May) Series S-1968 (June to December) Series S -1969 . . . . Series S-1970 Unclassified -
30 U .S . re t i rement plan b o n d s -30 Deposi t a ry bonds . F i r s t Series 30 T r e a s u r y bonds, R E A Series 30 T r e a s u r y bonds . I n v e s t m e n t Series B-1975-80.
Redeemed in exchange for 13^% Treasu ry notes. Series EA-1978 ---
30 T rea su ry notes. Series EA-1978 30 Miscellaneous
Total fiscal year 1973 - - 332,913,015,394.10 313,943,834, 885. 69
1 For Treasu ry bills, average ra te on b a n k discount basis is shown; for savings bonds and savings notes, approximate yield to m a t u r i t y is shown.
2 A m o u n t s shown for savings bonds of series E and savings notes represent issue price plus accrued discount.
3 A m o u n t s shown for savings bonds of scries E and savings notes represent current redempt ion va lue (issue price plus accrued discount) .
4 Average interest ra te for combined original and addi t ional issues. ^ A t option of owner, series E bonds da ted May 1, 1941, th rough Apr . 1, 1952, m a y be held and will
accrue interest for addi t ional 30 years; bonds dated May 1, 1952, th rough Jan . 1, 1957, m a y be held a n d wih accrue interest for addi t ional 20 years; bonds da ted on or after Feb . 1, 1957, m a y be held and will accrue interest for addi t ional 10 years. A t opt ion of owner, series I I bonds dated June 1, 1952, th rough Jan . 1, 1957, m a y be held and will accrue interest for addi t ional 20 years; bonds da ted Feb . 1, 1957, th rough N o v . 1, 1965, m a y be held and will accrue interest for addit ional 10 years.
6 Represents a weighted average of t he approximate yield of bonds of various issue dates wi th in t he yearly series if held to m a t u r i t y or if held fi-om issue da te to end of apphcable extension period, computed bn tho basis of bonds outs tanding J u n e 30, 1972. (See Treasu ry Circulars Nos, 653 (8th Revision) and 905 (5th Revision), as revised and amended , for details of yields by issue dates for scries E and H savings bonds , respectively.)
^ Ad jus tmen t s of a m o u n t s originally reported on da te of issue or exchange. 8 Redeemable after 1 year from issue date . A t option of owner, savings notes m a y be held and will
accrue interest for addi t ional 10 years. 9 Unclassified redempt ions of savings notes are included in unclassified redemptions of scries E savings
bonds beginning May 1, 1968. 10 A m o u n t s transferred from unclassified sales or redempt ions to sales or redempt ions of designated series. 11 Set t lement m a d e subsequent to last d a y of m o n t h in which bills m a t u r e d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
to o fcO
T A B L E 36.—Allotments by investor classes on subscriptions for public marketable securities, fiscal year 1973
[In mill ions of dollars. O n basis of subscr ip t ion and a l lo tment reports]
P A R T I . — T R E A S U R Y B I L L S O T H E R T H A N R E G U L A R W E E K L Y S E R I E S
D a t e of financing
D a l e of m a t u r i t y
A m o u n t issued Al lo tments b y investor classes
Average ra te
(percent) 1-year series
9-month series i
Tax anticipa t ion series
Other series
U .S , Gove rnmen t accounts
and Federal Reserve banks
Commercial banks
Corporat ions 2
Dealers and All
brokers other 3
O
O
W
Ul
Cl
1972 J u l y 31 / A p r .
I Ju ly Aug . 31 /May
lAug . Sept . 30 ( June
(Sept . Oc t . 31 (July
(Oct. N o v . 24 Apr . N o v . 30 N o v . Dec . 5 J u n e Dec. 31 Dec .
1973 J a n . 31 J an . 15, 1974.. F e b . 28 F e b . 12, 1974. Mar. 31 Mar. 12, 1974. Apr . 30 Apr . 9, 1974.-M a y 3 1 M a y 7 , 1974--J u n e 3 0 J u n e 4 , 1974--
Footnotes at end of table. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
[In millions of dohare]
P A R T I I . — S E C U R I T I E S O T H E R T H A N T R E A S U R Y B I L L S
Issue Al lo tments b y investor classes
D a t e of financing Descr ipt ion s
A m o u n t issued
I n ex-For change for cash o ther
securities
U . S , Gove n u n e n t accounts
and Federa l Reserve
b a n k s
Commercial b a n k s 6
Ind i v iduals 7
Insurance com
panies
M u t u a l savings b a n k s
Corporat ions 2
P r i v a t e pension and re
t i r e m e n t funds
Sta te a n d local governments 8
Pens ion a n d ret i r e m e n t
funds
Other funds
Dealers and
brokers
All o ther 9
Ul
> H9
1972
A u g . 1 5 . . .
Oct . 1 9 . . . -N o v , 1 5 . . . Dec . 2 8 . . . -
1973 J a n , 1 0 F e b , 15.
May 15-
51/8% note , F e b . 15, 1976-F 63^% note , A u g . 15,1979-A-. -8 H % bond , A u g . 15, 1984 41 8% note , Sept . 30, 1974-E 2,060 634% note , N o v . 15, 1976-D 4. 3,041 51/8% note , Dec . 31, 1974-F ' 2,102
8M% bond , F e b . 15,1993 627 / 6 3 ^ % note , A u g . 15, 1976-G W/8% note , N o v . 15,1979-B 1,009 {^14% note . May 15, 1980-A 2,043 \ 7 % b o n d . May 15, 1993-98 652
*Less t h a n $500,000, 1 Add i t i ona l issue of bills w i th original m a t u r i t y of 1 year . 2 Exclus ive of b a n k s and insurance companies , 3 Inc ludes Indiv iduals , insurance companies , m u t u a l savings b a n k s , p r iva t e pension
funds, S ta t e a n d local funds, savings a n d loan associations, nonprofi t ins t i tu t ions , a n d i n v e s t m e n t s of foreign balances a n d in te rna t iona l accounts in th i s coun t ry . Also includes cer ta in G o v e r n m e n t deposi t accounts and Government -sponsored agencies.
4 Reopening of earher issue. s Exc ludes 13^ percent T r e a s u r y E A and E O notes issued in exchange for n o n m a r k e t
able 2% percent T r e a s u r y bonds , I n v e s t m e n t Series B-1975-80. 6 Inc ludes t r u s t companies and stock savings b a n k s .
7 Inc ludes partnershijps and personal t r u s t accounts . 8 Consis ts of t rus t , s inking, a n d i n v e s t m e n t funds of Sta te a n d local governments ,
a n d the i r agencies. 9 Inc ludes savings a n d loan associations, nonprofi t ins t i tu t ions , a n d i nves tmen t s of
foreign balances a n d in te rna t iona l accounts in th i s coun t ry . Also includes cer ta in G o v e r n m e n t deposit accounts a n d Government -sponsored agencies.
N O T E . — A h o t m e n t s from J u l y 15, 1953, t h r o u g h May 15, 1959, wiU be found i n t h e 1959 A n n u a l Repor t , p p . 528-530. F o r succeeding fiscal years see corresponding tables i n successive A n n u a l Repor t s , a n d for ciu-rent figures see t h e m o n t h l y T r e a s u r y Bul le t in .
o 00
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o
TABLE 37.—Allotments, of Treasury notes issued during fiscal year 1973, by Federal Reserve districts [In thousands of dollars]
514 percent Series F-1976 notes issued i n exchange for i
Federa l Reserve distr ict 5 percent
Series E-1972 Trea su ry notes
m a t u r i n g Aug . 15, 1972
19,807 1,238,291
39,615 84,226 18,083 27,738
117,329 45,650 22,751 43,684 29,287 25,353
2,048
4 percent T rea su ry bonds of 1972 m a t u r i n g
Aug. 15, 1972
9,229 432,029
20,697 40,689 18,675 25,576 75, 697 22, 029 11,320 l a 181 15,775 9,658
Boston N e w York Ph i lade lph ia . . . Cleveland : . . R i c h m o n d A t l a n t a Chicago - - . St . Lou i s . . : . . . . - - -Minneapolis Kansas C i t y Dal las San Francisco Treasu ry
T o t a l aho tmen t s Exchanged in concurrent offering.
T o t a l exchanged N o t s u b m i t t e d for exchange
T o t a l ehgible for exchange. .
1,713,820 627,593
699,317 375,372
1,096,894 402,761
629,544 329,779
2,341,413 232,980
1,074,689 378, 578
1, 499,855 451,051
959,323 1,325,952
2, 574,393 1,453, 265 1, 950 706 2, 285, 275
805,428 387,128
1,192,554 1,353,530
2,546,084
47,368 3, 054,818
104, 505 219, 372
90,092 89,045
482, 972 101, 935 139, 585 104, 940
93, 237 432, 979
4,155
4,945, 003 2,122, 831
7,087, 634 3,742, 089
10,809, 723
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63^ percent Series A-1979 notes issued in exchange for i—
Federal Reserve district 5 percent
Series E-1972 Trea su ry
notes m a t u r i n g
Aug. 15,1972
3,047 529,803
2,824 12,118 1,332
11,079 18, 954 10,888 4,978
11,259 2,178 4,047
40
612,147 1,729,266
2,341,413 232,980
2,574,393
4 percent T r e a s u r y
b o n d s of 1972
m a t u r i n g
23^ percent T rea su ry
bonds of 1967-72 m a t u r i n g
o percent Series F-1972
Trea su ry notes
m a t u r i n g
23^ percent T r e a s u r y
bonds of 1987-72 m a t u r i n g
5K percent Series A-1974
T r e a s u r y notes
m a t u r i n g
SA percent T rea su ry
bonds of 1974
m a t u r i n g
5 ^ percent 5 A percent Series A-1975 Series E-1975
Treasu ry notes
m a t u r i n g
T rea su ry notes
m a t u r i n g Aug. 15,1972 Sept . 15,1972 N o v . 15,1972 Dec . 15, 1972 N o v , 15,1974 N o v . 15,1974 F e b . 15, 1975 F e b . 15, 1975
1 All subscriptions were allotted in full. 2 Sold at auction. 3 Of this amount, $594,883,000 was issued to Federal Reserve banks and Govern
ment accounts in exchange for maturing Treasury notes.
4 Of this amount, $5,221,343,000 was issued to Federal Reserve banks and Government accounts in exchange for maturing Treasury notes.
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TABLE 38.—Allotments of Treasury bonds issued during fiscal year 1973, by Federal Reserve districts
[In thousands of dollars]
6H percent Treasury bonds of 1984 issued in exchange for i
Federal Reserve district 5 percent
Series E-1972 T rea su ry
notes m a t u r i n g
Aug . 15,1972
70 5,613
90 97 8
45 671
3,788 1,004
727 126
3,207
15,446
2, 325, 967
2,341,413 232, 980
2, 574, 393
4 percent T r e a s u r y
bonds of 1972 m a t u r i n g
Aug . 15, 1972
1,191 229,801
1,647 1,705
583 1,596 7,315 1,485 1,265 1,091 2,272 2,024
103
252,078
822, 611
1, 074,689 378,576
1,453, 265
23^ percent T rea su ry bonds of 1987-72
m a t u r i n g Sept . 15,1972
247 169,375
3,218 7,869
535 5,454
19,445 4,030
160 1, 987 6,180 2,683
81
221,222
1,278,433
1,499,655 451,051
1, 950,706
6 percent Series F-1972
T r e a s u r y notes
m a t u r i n g Dec . 15, 1972
410 118,348
1,240 201 509
3,682 1,000
220 1,219 5,045
857 446
32
133,209
826,114
959,323 1; 325, 952
2,285,275
23^ percent T r e a s u r y bonds of 1987-72
m a t u r i n g Dec . 15, 1972
1,773 122, 350
3,352 10, 510
1,900 10,558 5,183 2,043
693 1,348 1,014 3,439
273
164,436
1,028,118
1,192,554 1,353,530
2, 546, 084
5M percent Series A-1974
Treasu ry notes
m a t u r i n g N o v . 15,1974
3,373 454,042
4,721 12,417 2,916 4,817
28,784 5,231 2,910 4,317 4,518 6,119
746
534,911
1,234,632
1,769,543 5,442,473
7,212,016
3 A percent T r e a s u r y
bonds of 1974 m a t u r i n g
N o v . 15,1974
880 214,111
5,828 2,269 1,638
538 6,340 1,596 1,252 1,791 2,682
28, 539 88
265,328
755,878
1,021, 204 1,215, 090
2,238,294
5M percent 5A percent Series A-1975 Series E-1975
T re su ry notes
m r t u r i n g F e b . 15, 1975
2,378 400,610
4,220 3,542 1,160 1,995
16,631 3,068 2,328 2,534 2,178
18,078 238
456, 958
678,858
1,133,818 4,014,627
5,148,443
T r e a s u r y notes
m a t u r i n g F e b . 15, 1975
198,098 3,037
6 211
30 44,881
423 21,116
363 250
2,075 3
288,293
555,314
823,807 1,221,582
2,045,169
Issued for
cash
1,404 3,512 2,709 2,915 1,817 6,887 5,341 6,221
591 5,581 1,154 1,675 1,285
40,852
To ta l issued
11,526 1,913,860
30,058 41,531 11,277 35,380
135,391 28,105 32,538 24,784 21,231 64,265
2,805
2,352,731
9,503,925
11,815,804 15,635,841
27,451,845
Ul
i l-H Ul
a > >
" o
Boston . New York Philadelphia Cleveland Richmond Atlanta . . . . Chicago St. Louis Minneapolis Kansas City Dallas.. San Francisco 'I'reasury.,:.
Total ahotments Exchanged in concurrent of
fering
Total exchanged Not submitted for exchange...
Total ehgible for exchange
Footnotes at end of table.
O
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to o 00
TABLE 38.—Allotments of Treasury bonds issued during fiscal year 1973, by Federal Reserve districts—Continued
[In thousands of dohars]
Federal Reserve district 6M percent 7 percent
Treasury bonds Treasury bonds of 1993 2 of 1993-98 2
CO < i DO
S3
O S3
O
Boston..-! 32,193 9,481 NewYork 471,917 604,640 { Philadelphia 27,422 3,560 W Cleveland 8,387 1,793 H Richmond 8,743 3,482 Atlanta 17,427 2,363 ^ Chicago 15,203 23,183 2 St. Louis 14,293 2,394 Q Minneapolis 2,329 1,161 2 Kansas City 7,889 4,226 S Dallas 7,260 3,324 S SanFrancisco..--. ----- - - - - : - . : : . -^ . . . . 13,811 31,793 M Treasury 347 376 ^
, Total ahotments 627,201 3 691,758 Q Exchanged in concurrent offering . . . . . •. hrj
Total exchanged 1 Not submitted for exchange - i-3
Total ehgible for exchange ^ : H
1 All subscriptions were allotted in full. 2 Sold at auction.
3 Of this amount, $40 mihion was issued to Federal Reserve banks and Government accounts in exchange for maturing Treasury notes. S3
> Ul
d S3
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STATISTICAL APPENDIX 209 T A B L E 39.—Statutory debt retirements, fiscal years 1918-73
(In thousands of dohars. On basis of par amounts and of dahy Treasury statements through 1947, and on basis of Public Debt accounts thereafter, see "Bases of Tables"]
Bonds Bonds Payments Com-and received Fran- from net modity Miscel-
Cumu- Repay- notes for loans chlsetax eamings Credit laneous Fiscal year lative ments of received from receipts, Federal Corpo- gifts, Total
sinking foreign for Pubhc Federal inter- ration forfeit-fund debt estate Works Reserve mediate capital ures,
taxes Adminis- banks credit repay- etc. tration banks ments
»Includes $4,842,066.45 written off the debt Dec. 31,1920, for fractional currency estimated to have been lost or destroyed In circulation.
2 Beginning with 1947. bonds acquh*ed through gifts, forfeitures, and estate taxes are redeemed prior to maturity from regular public debt receipts.
3 Represents payments from net earnings, War Damage Corporation. 4 Represents Treasury notes of 1890 determined by the Secretary of the Treasury on Oct. 20,1961, pur
suant to the Old Series Currency Adjustment Act approved June 30,1961 (31 U.S.C. 912-916) to have been destroyed or Irretrievably lost and so whi never be presented for redemption.
« Represents $15,000,000 national bank notes, $1,000,000 Federal Reserve bank notes, and $15,000,000 sllver certificates, all issued prior to July 1,1929; $18,000,000 Federal Reserve notes issued prior to the series of 1928; $9,000,000 gold certificates issued prior to Jan. 30,1934; all ofwhich have been determined pursuant to 31 U.S.C. 912-916 to have been destroyed or Irretrievably lost.
« Represents $24,000,000 U.S. notes, $1,000,000 Federal Reserve bank notes. $13,500,000 national bank notes, and $14,500,000 shver certificates, all Issued before July 1,1929; $6,000,000 gold certificates prior to 1934 series; $100,000 Treasury notes of 1890; and $14,000,000 Federal Reserve notes (prior to series of 1928); all of which wore determined on Nov. 16, 1964, pursuant to 31 U.S.C. 912-916, to have been destroyed or Irretrievably lost.
7 Represents $142,000 U.S. notes, $63,000 Federal Reserve bank notes, $420,000 national bank notes, and $280,000 sllver certificates, all issued before July 1,1929; $8,950,000 gold certificates prior to 1934 series; $31,000 Treasury notes of 1890; and $2,450,000 Federal Reserve notes (prior to series of 1928); all of which were determined on May 26,1966, pursuant to 31 U.S.C. 912-916, to have been destroyed or irretrievably lost.
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210 197 3 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 40.—Cumulative sinking fund, fiscal years 1921-73 [On basis of Public Debt accounts, see "Bases of Tables"]
PART I . - A P P R O P R I A T I O N S AND E X P E N D I T U R E S
11,73L9 587.6 603.6 6 i a 6 6 i a 7 6 1 0 8 6 i a 8 6 i a 8 6 1 0 8 6 i a 8 623.8 633.3 633.3 633.3 633.3 657.1 6 8 a 8 6 8 a 8 6 8 0 8 6 8 a 8 6 8 a 8
. 6 8 a 8 6808 6 8 a 8 6 8 a 8 680.8 680.8 6 8 a 8
29,245.8 . 8,727.1 .
20.518.fi
Avai lab le for expendi- -turo dur ing
year»
6.626.0 6,112.6 . 6,716.0 6,68a 0 7,201.2 7 , 8 i a 2 8.438.1 9,057.4 9,676.9 .
P A R T I T . — T R A N S A C T I O N S O N A C C O U N T O F T H E C U M U L A T I V E S I N K I N G F U N D F I S C A L Y E A R 1973
Unexpended balance July 1, 1972 - $19,837,754,659.07 Appropriation for 1973:
Initial credit: (a) Under the Victory Liberty Loan Act (2^ percent of the
aggregate amount of Liberty bonds and Victory notes outstanding on July 3, 1920, less an amount equal to the par amount of any obligation of foreign governments held by the United States on July 1, 1920) , $253.404,864.87
(b) Under the Emergency Relief and Construction Act of 1932 (2^^ percent of the aggregate amount of expenditures from appropriations made or authorized under this act) 7.860.606.83
(c) Under the National Industrial Recovery Act ( 2 ^ percent of the aggregate amount of expenditures from appropriations made or authorized under this act) 80,164,079.53
Total initial credit 341.429,65L23 Secondary credit (the interest'which would have been payable during
the fiscal year for which the appropriation Is made on the bonds and notes purchased, redeemed, or paid out of the sinking fund during such year or in previous years) - 339,419,534.24 680,849,085.47
Total available 1973 20,518,603,744.54
Unexpended balance June 30,19732 20,618,803,744,54
> Represents appropriations authorized by Congress. There are no specific funds set aside for this account slnco any retirements of public debt charged to this account are made from cash balances to the credit of the Treasurer of the United States.
2 Net discount on debt retired through June 30,1973, Is $7.7 mihion.
NOTE.—Comparable annual data for 1921 through 1946 are shown In the 1962 Annual Report, p .726.
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To ta l through J u n e 30, 1973- - . . 168,048.5 37,341.4 203,389.9 144,945, 7 124,915.9
1972—July - . 492,7 222.5 715.1 44a 1 383.2 Augus t 681,9 194,0 765.9 486.3 395.0 September 471.7 207.3 67a 0 438.3 358.4 October 467.3 2 i a 6 677.8 402.3 327.4 November 545.0 192.1 737.0 415.4 337.7 December 45a 1 222.7 672.8 38a 5 315.8
1973—January 56a 9 234.9 195.8 535.4 410 9 F e b r u a r y 591.7 203.6 795.3 471.7 37a 3 M a r c h . . 598.6 217.8 8 i a 4 508.6 407.1 A p r i l . . . 561.5 224.2 785.7 481.2 388.1 May 854.9 203.3 858.2 501.5 401.0 J u n e . . . . 555.8 231.2 787.1 501.6 402.4
1,947.0 2,27a 6 2,208. 5 1,95a 7 1,818.8 1,452,8 l , 3 6 a i 1,270 7 1,197.2 1,08L3
844,3 588.2 242.5 8 0 1
3
ired n-est-ing
7 ? 8.8
11.4 11 7 14,7 3,6 2,6 1.9 1 7
1 7
*Less than $50,000. 1 Sales and redemption figures include exchanges of minor amounts of matured Series E for Series G and K
bonds from May 1951 through April 1957. Series F and J bonds for Series H bonds beginning January 1960, and U.S. savings notes for Series H bonds beginning January 1972; they exclude exchanges of Series E bonds for Series H bonds. Redemption figures for fiscal 1953-54 and fiscal years 1960-83 also include the maturing Series F and G savings bonds exchanged for marketable Treasury securities during special exchange offerings. The amounts involved were $416.8 million in 1953, $0.7 mihion in 1954, $745.4 million in 1980, $147.3 milhon in 1981, $320.1 mihion in 1082, and $75.1 million in 1963.
2 Sales of Series E, F, and J bonds are included at issue price, and their redemptions and amounts outstanding at current redemption value. Series G, II, and K bonds are included at face value throughout.
3 Matured F, G, J, and K bonds outstanding are included in the interest-bearing debt until all bonds of the annual series have matured, and arc then transferred to matured debt on which interest has ceased.
NOTE.—Series E and II are the only savings bonds now being sold. Series A-D, sold from Mar. 1, 1935, through Apr, 30, 1941, have all matured and are no longer reflected in these tables. Series F and G were sold from May 1, 1941, through Apr, 30, 1952. Series J and K were sold from May 1, 1952, through Apr. 30, 1957, Sales figures for Series F, G, J, and K after fiscal 1957, represent adjustments. Details by months for Series E, F, and G bonds from May 1941 will be found on p. 608 of the 1943 Annual Report, and in corresponding tables in subsequent reports through 1972, Monthly detail for Series II. J, and K bonds will be found in tho 1952 Annual Report, pp. 829 and 630, and in corresponding tables in subsequent reports through 1972. Monthly detail for Series F, G, J, and K is discontinued.
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TABLE 42.—Sales and redemptions of Series E and H savings bonds by denominations, fiscal years 1941-73 and monthly 1973 ^ [In thousands of pieces. Estimated on basis of daily Treasury statements and reports from Bureau of the Pubhc Debt]
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TABLE 42.—Sales and redemptions of Series E and H savings bonds by denominations, fiscal years 1941-73 and monthly 1973^—Con. [In thousands of pieces] ^ ^ ^ ^ ^ ^ ^
*Less than 500 pieces. » Sales of Series H began on June 1, 1952; the denominations authorized were: $500.
$1,000, $5,000, and $10,000. 2 Totals Include $10 denomination Series E bonds sold to Armed Forces only from
June 1944-March 1950. Details by years will be found in the 1952 Annual Report, pp. 831, 633; thereafter, monthly detail for each fiscal year appears in a footnote to the redemptions by denominations table of successive annual reports. Details in thousands of pieces by months in fiscal year 1973 follow:
3 Sales of $76 denomination Series E bonds began in May 1964. 4 Sales of $200 denomination Series E bonds began in October 1945. « Sales of $10,000 denomination Series E bonds were authorized on May 1,1962. «Includes sales of $100,000 denomination Series E bonds which are purchasable only
by trustees of employees' savings plans beginning April 1954. and personal trust accounts begirming January 1955.
7 See table 41, footnote 1.
Fiscal year
1973 2
bb
1
i CO
1
i 1
> o
1 1
1 2
4
2
^ ^
2
<
2
^
2
i
1
3 "o
18 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATISTICAL APPENDIX 217 TABLE 43.—Sales and redemptions of U.S. savings notes, fiscal years 1967-73
[In milhons of dohars]
Fiscal year or month Sales
1.6 . 200.8 326.2
. 322.7 i a 6
. (*) - (*)
Accrued discount
.3 n , 4 24,6 33.4 28.3 2a 0
Sales plus -accrued discount
1,5 20L1 337.5 347,3 43,9 28,3 2a 0
Redemptions
Total
(*) .1
35.2 l i a 6 160 9 85.2 7a 8
Sales price
(*) -.1
33.7 104.9 157.1 76.9 5a 6
Accrued discount
(*) L4 5.7 a 8 8.3
n . 2
Amount out
standing (Interest-bearing)
1.5 202.6 504.9 74L6 618.6 56L1 5 ia3
1967 1988 1969 1970 1971 1972 1973
Total through June 30, 1973 861.7 127.0 988.7 432.4 30 4 5 i a 3
*Less than $50,000. 1 Includes U.S. savings notes exchanged for Series H bonds beginning January 1972. NOTE.—U.S. savings notes were sold from May 1,1987, through June 30,1970. Sales figures after fiscal 1970
represent adjustments.
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218 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 44.—Sales of Series E and H savings bonds by State, fiscal years 1972, 1973 and cumulative ^
[In thousands of dollars, at issue price. On basis of reports received by the Department of the Treasury with totals adjusted to basis of daily Treasury statements]
Alabama Alaska -Arizona - - -Arkansas Cahfornia Colorado - - - -Connecticut- . .L Delaware -District of Columbia - . . Florida Georgia Hawah Idaho llhnois . Indiana Iowa. Kansas - - - - . Kentucky Louisiana . . Maine - - --Maryland -Massachusetts Michigan .-- . . Minnesota Mississippi . . - --Missouri Montana Nebraska •. -Nevada -New Hampshire -NewJersey - -New Mexico -New York - --- --- . North Carohna North Dakota . . . Ohio --- - -Oklahoma - - -Oregon -- -Pennsylvania - - -Rhode Island -South Carohna ---South Dakota - --Tennessee -. -Texas - -Utah - -Vermont ---Virginia - - . . Washington West Virginia Wisconsin Wyoming . Canal Zone Puerto Rico - - - - - -Virgin Islands -Undistributed and adjustment to daily Treasury statement..
Total
1 Figures include exchanges of minor amounts of Series F and J bonds exchanged into Series H bonds from January 1960 through October 1964 and Series J for H through October 1969; however, they exclude Series E bonds exchanged for Series H, which are reported in table 41.
2 Figures for fiscal year 1972 were revised to conform to current Savings Bonds geographic sales reports. 3 Excludes data for period April 1947 through December 1958, when reports were not available. In the
Annual Reports for 1952-58 data for period May 1941 through March 1947 .were included with "Other Possessions."
4 Includes a small amount for other possessions.
NOTE.—Sales by States of the various series of savings bonds were published in the Annual Report for 1943, pp. 614-821, and in the subsequent reports; and by months at intervals in the Treasury Bulletin, beginning with the issue of July 1946. Since April 30, 1953, figures for sales of Series E and H bonds only have been available by States.
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STATISTICAL APPENDIX 2 1 9
TABLE 45.—Savings bonds outstanding, by series and denomination, as of June 30, 1973
[In thousands of pieces!
Series '
E H A B
c D F G J K
To ta l -
Tota l -
. 577,775
. 6,944 . 1 . 2 . 4
21 ! 20
33 19 2
- 584,821
$10
477
477
$25
308,829 -. 1 2 8
11 --
308,859
$50
135, 747
' " ( * ) " ' (*)
1 4
135,752
$75
7,135
7,135
Denomina t ion
$100
89,765
— ( V ) ' " : 1 1 6 6
18 0
89,806
$200
10, 298
10, 298
$500
12,818 2,783 (*) (*) (*)
1 1 8 1 1
15,809
$1,000
12,674 . 3,748 (*) -(*) -(*) -
2 2 ' 9 2 1
16,438
$5,000
" ' 3 3 4 '
- - (V) - - -
(*) (*) (*)
334
$10,000
34 79 ,
113
$100,000
(*)
(*)
•Less than 500 pieces. ' Currently only bonds of Series E and H are on sale.
526-680 0 - 7 4 - 1 5
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220 19 73 REPORT OF THE SECRETARY OF THE TREASURY
IV,—Interest
TABLE 46.—Amount of interest-hearing public debt outstanding, the computed annual interest charge, and the computed rate of interest, June SO, 1939-73, and at the end of each month during 1973
[On basis of dally Treasury statements, see "Bases of Tables"]
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STATISTICAL APPENDIX 221
TABLE 46.—Amount of interest-bearing public debt outstanding, the computed annual interest charge, and the computed rate of interest, June SO, 1989-73, and at the end of each month during 1973—Continued
August 433,572,080,621,09 22,427,159,970 97 5,202 September 432,127,489,308.79 22,565,411,74a 97 5.252 October 438,135,740,40a 97 23,119,952,100 45 5,309 November 442,419,952,698.47 23,581,494,024.83 5,359 December 447,298,077,714,45 24,005,963,95a 59 5,402
1973—January 448,191,111,570 89 24,297,772,983.06 5.458 February 452,927,623,131,48 24,883,622,68a 75 5.532 March 456,787,073,285,81 25,425,068,271.26 5.608 April 455,213,939,848,70 25,888,307,451,91 5.685 May .• 455,430,782,701.45 28,066,825,44a 95 5.788 June 456,353,394,343,78 28,590,841,031,32 5,872
»Includes face amount of securities, except that current redemption value Is used for savings bonds of Series C-F and J, U.S. savings notes, and retirement plan bonds. The face value of matured savings bonds and savings notes outstanding is included until ah of the annual series have matured, when the entire ariiount Is transferred to matured debt on which Interest has ceased.
2 Comparable annual data 1916-38 are contained In 1962 Annual Report, p. 735. Current monthly figures are pubhshed in theTreasury Bulletin. Comparable monthly data 1929-36 appear in 1936 Annual Report, p. 442, and from 1937 In later reports. Annual Interest charge monthly 1916-29 appears in 1929 Annual RepQrt, p. 509.
NOTE.—The computed annual interest charge represents the amount of interest that would be paid if each Interest-bearing Issue outstanding at the end of the month or year should remain outstanding for a year at the apphcable annual rate of Interest. The charge is computed for each issue by applying the appropriate annual interest rate to the amount outstanding on that date.
Beginning Dec. 31,1958, the computed average rate Is based upon the rate of effective yield for Issues sold at premiums or discounts. Before that date the computed average rate was based upon tho coupon rates of the securities. That rate did not materiahy differ from the rate on the basis of effective yield. The "effective yield" method of computing the average interest rate on the pubhc debt more accurately reflects theinterest cost to the Treasury, and is beheved to be in accord with tne intent of Cohgress where legislation has required the use of the rate of effective yield for various purposes.
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TABLE 47.—Computed annual interest rate and computed annual iriterest charge on the public debt by classes, June SO, 1950-73
[Dollar a m o u n t s In mil l ions. O n basis of da i ly T r e a s u r y s t a t e m e n t s , see " B a s e s of T a b l e s " ]
bO
E n d of fiscal year or m o n t h T o t a l p u b h c
d e b t
Marketable issues Nonmarke t ab l e issues
T o t a l 1 T reasu ry
B i l l s ' Certificates No te s bonds T o t a l Savings T a x a n d b o n d s 3 savings
•Less t h a n $500,000. 1 T o t a l Includes P a n a m a Cana l b o n d s prior to 1961, a n d postal savings b o n d s pr ior
to 1956. 2 Inc luded in deb t ou ts tanding a t face a m o u n t , b u t t he a n n u a l interest charge and
the a n n u a l interest ra te are computed on the discount va lue . 3 T h e annua l Interest charge and annua l interest ra te on Un i t ed States savings
bonds .and U n i t e d Sta tes savings notes are computed on the basis of the r a t e to m a t u r i t y appl ied against t he a m o u n t ou t s t and ing .
N O T E . — F o r m e t h o d s of compu t ing annua l in teres t ra te a n d charge see no te to t ab le 46. See tab le 26 for a m o u n t s of publ ic deb t ou t s t and ing b y classification. F o r figures for 1939-49 see 1966 A n n u a l R e p o r t , pages 770-1.
to bO 0 0
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224 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 48.—Interest on the public debt by classes, fiscal years 1969-73
[In mlhlons of dohars, on an accrual basis. On basis of Public Debt accounts]
Total special Issues 2,627,0 3,450 6 4,29a0 4,771,1 5,20a2
Deduct transactions in transit - 2.7 .2
Total Interest on the public debt 16,588.2 19,303.7 20,95a 0 21,848.8 24,167.4
1 Amounts represent discount treated as interest.
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v.—Prices and yields of securities
TABLE 49.—Average yields of taxable * long-term Treasury bonds by months, January 1951-June 1973^ [Averages of daUy figures. Percent per annum compounded semiannually]
Year Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Average
1951.. 1952., 1953. 1954. 1955-
1956-1957.. 1958. 1959. 1960.
1961. 1962. 1963. 1964. 1965..
1966.. 1967.. 1968.. 1969., 1970..
1971. 1972., 1073.
2.39 2.74 2.80 2.69 2.68
2.88 3.34 3.24 3.91 4.37
3.89 4.08 3.89 4.15 4.14
4.43 4.40 5.18 5.74 a 86
5.92 .5.62 5.96
2.40 2.71 2.83 2.62 2.78
2.85 3.22 3.28 3.92 4.22
3.81 4.09 3.92 4.14 4.16
4.61 4.47 5.16 5.86 6.44
5.84 5.67 0 14
2.47 2.70 2.89 2.53 2.78
2.93 3.26 3.25 3.92 4.08
3.78 4.01 3.93 -4.18 4.15
4.63 4.45 5.39 6.05 a 39
5. 71-5.66 O20
2.56 3 2.64 3 2.97
2.48 2.82
3.07 3,32 3.12 4.01 4.18
3.80 3.89 3.97 4.20 4.15
4.55 4.51 5.28 5.84 6.53
5.75 5.74 O i l
2.63 2.57 3.11 2,54 2.81
2.97 3.40 3.14 4.08 4.10
3.73 3.88 3.97 4.16 4.14
4.57 4.76 5.40 5.85 6.94
5.96 5.84 a 25
2.65 2.61 3.13 2.55 2.82
2.93 3.58 3.20 4.09 3.98
3.88 3.90 4.00 4.13 4.14
4 .63 4.86 5.23 6.05 6.99
5.94 5.59 0 32 . .
2.63 2.61 3.02 2.47 2.91
3,00 3,60 3.36 4.11 3,86
3.90 4.02 4.01 4.13 4.15
4.75 4.86 5.09 6.07 6.57
5.91 5.59
2.57 2.70 3.02 2.48 2,95
3.17 3.83 3.60 4.10 3.79
4.00 3.98 3.99 4.14 4.19
4.80 4.95 5.04 O02 a 75
5.78 5.59
2.56 2.71 2.98 2.52 2.92
3.21 3.66 3.75 4,26 3.84
. 4.02 3.94 4.04 4.16 4.25
4.79 4.99 5.09 6.32 a 63
5.56 5.70
2.61 2.74 2.83 2.54 2,87
3.20 3.73 3.76 4.11 3.91
3.98 3.89 4.07 4.16 4.28
4.70 5.19 5.24 6.27 6.59
5.46 5.69
2.66 2.71 2.86 2.57 2.89
3.30 3.57 3.70 4.12 3.93
, 3.98 3.87 4.11 4.12 4.34
4.74 5.44 5.36 6.52 a 24
5.48 5.51
2.70 2.75 2.79 2.59 2.91
3.40 3.30 3.80 4.27 3.88
4.06 3.87 4.14 4.14 4.43
4.65 5.36 5.66 6.81 5.97
5.62 5.63
2.57 2.68 2.94 2.55 2.84
3.08 3.47 3.43 4.08 4.02
3.90 3.95 4.00 4.15 4.21
4.65 4.85 5.26 6.12 6.58
5.74 5.64
Ul
HH Ul
HH
o > r" >
o X
» Taxable bonds are those on which the Interest Is subject to both the normal and surtax rates ofthe Federal income tax. This average commenced Oct. 20,1941.
2 Prior to October 1941 yields were on partially tax-exempt long-term bonds. For January 1930 through December 1950, see the 1956 Annual Report, p. 492, and for January 1919 through December 1929, see the 1943 Annual Report, p. 662.
> Beginning Oct. 20, 1941, through Mar. 31, 1952, yields are based on bonds neither due nor callable for 15 years; beginning Apr. 1,1952, through Mar. 31, 1953, on bonds neither due nor callable for 12 years; beginning Apr. 1.1953. on bonds neither due nor callable for 10 years.
NOTE.—For bonds sehing above par and callable at par before maturity, the yields are computed on the basis of redemption at first caU date; whhe for bonds sehing below par, yields are computed to maturity. Monthly averages are averages of dally figures. Each dahy figure is an unweighted average ofthe yields ofthe Individual Issues. Yields before 1953 are computed on the basis of the mean of closing bid and ask quotations in the over-the-counter market. Commencing April 1953, yields, as reported by the Federal Reserve Bank of New York, are based on over-the-counter closing bid quotations. See Treasury Bulletin for current monthly yields.
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T A B L E 50.—Prices and yields of marketable public debt issues J u n e 30, 1972, and J u n e 29, 1973, and price range since first traded
[Price decimals are 32d's a n d -\- indicates addi t ional 64th's]
Issuei
J u n e 30, 1972 J u n e 29, 1973 Pr ice range since first t r aded 2
Pr ice
B i d Ask
Yie ld to - cah or
m a t u r i t y 3
Pr ice
B i d Ask
Yield to - call or
m a t u r i t y 3
H i g h L o w
Price D a t e Pr ice D a t e
to to 0
CO
CO
S3 •
hd O S3 • O
w Ul
o S3
> S)
o
w
S)
> Ul
d S3
Percent T rea su ry b o n d s :
4% A u g . 15, 1972 100.01 100.15 3.66 2 ^ % Sept . 15, 1967-72 9 a 2 2 9 a 2 6 4.08 2>^% Dec . 15, 1987-72. : . 9 a 05 9 a 09 4.43 4% A u g . 15, 1973 . - 98.20 98.28 5.29 4 H % N o v . 15, 1973 98.09 98.17 5.45 4J/g% F e b . 15, 1974 97.28 98.04 5.52 4 K % May 15, 1974 97.26 98.02 5.50 3J^% N o v . 15, 1974 9 0 1 0 9 0 1 8 5.56 4 K % May 15,1975-85 - 82.14 83.14 6.26 4% F e b . 15, 1980. 8O30 87.14 6.18 3 )^% N o v . 15, 1980- . - - - - . - 84.22 85.08 5.84 7% Aug . 15, 1981. - 10O12 106.28 6.08 8 H % F e b . 1 5 , 1 9 8 2 . . - . . . - . - . . . . . - . - 100,11 100.19 a 3 3 3 ^ % J u n e 15,1978-83 - . 77.18 78.18 6.09 6 H % A u g , 15, 1984 - -3 ^ % May 15, 1985 77,18 78.18 5.75 6>^% N o v . 15, 1986 - - 9 a 0 6 9 a 2 2 6.21 3 H % F e b . 15, 1990 77.18 78.16 5.51 4M% A u g . 15, 1987-92. _ 78.16 7 a 16 6.12 4% F e b . 15, 1988-93 78,08 7 a 0 8 5,83 6 ^ % F e b . 15, 1993 -4 J ^ % M a y 15, 1989-94--.- 78.04 7 a 04 5.92 3 % F e b . 15, 1995 77.18 78.16 4.81
, 7 % M a y 15, 1998 - - . . - -3M% N o v . 15, 1998— - 77.18 78.18 5.05
T rea su ry notes : 5% E , A u g . 15, 1972. 100.05 lOa 09 3.54 8% F , N o v . 15, 1972 100.17 100.21 4.47 6J^% C, F e b . 15, 1973 100.29 101.10 4.98 4 ^ % D , F e b . 15, 1973 - - 9 a 2 9 IOO 01 5.03 7 ^ % A , M a y l 5 , 1973 . . - 102.08 102.12 5,05 4M% E , May 15, 1973 9a 23 90 25 5,09 8 H % B , A u g . 15, 1973. - - - . . 103.07 103.15 5.12
Percent
- 101.20 109,18 i o a i 6
9 a i 6 - | - 9 a 204- 7.99 9 a 30 98.20 98,24 7.94 100.01 97.29 98.01 7.64 9 a 28 97.10 97.14 7.50 101.07 95.21 95.29 7.27 l i a 24 78.12 7 a 12 6.96 105.28 84.12 84.28 6.99 103.18 8a 12 8 a 2 8 6,95 97,24
101.12 101.28 8.78 l i a 02 98,14 90 22 6,93 101.14 74.02 75.02 6.90 111.28 95.20 95.28 8.95 9 a 24 74.02 75,02 a 40 101.04 93.30 94.14 a 82 IOO 20 73.26 74.26 8.01 108.26 74.28 75.28 0 58 104.10 74.28 75.28 6.24 100.11 90 02 OaiO 7.13 9 a 2 2 73.28 74.28 6.41 lOa 26 73.24 74.24 5.00 101.12 98.06 98.10 7.16 9 a 18 73.24 74.24 5,42 95.14
D e c . A p r . A p r , Mar . N o v . Mar . J a n . A p r . May May May N o v , Mar . A u g . N o v . J u n e N o v . A p r . Dec . J a n . J a n . A u g . J u n e J u n e May
Mar. 22,1971 F e b . 17,1972 Mar . 22,1971 F e b . 15,1973 Dec. 28,1971 Mar, 22,1971 Mar. 22,1971 Mar. 22,1971 J a n . 14,1972 Nov . 15,1972 Apr , 9,1973 J u n e 8,1973 A u g . 31,1972 F e b . 28,1973 J u n e 29,1973 J u n e 29 1973 J u n e 29,1973 J u n e 29,1973 May 31,1973 J u n e 29,1973 J u n e 29,1973 J u n e 20,1973 J u n e 29,1973 A p r . 30,1973
9 a 29 9 a 18 8a 14 98.01 8 a 22 97.23 8a 18 97.25 oaoo 97.20 95.26 9 a 25 91.20 98.28 92.18 9 0 1 5 97.28 98.12 97.18 99.31 98.28 95.11 OOOl 07. 04 98.12 oaoo 83.18 81.20 7 a 04 7 a 00 73.30 74.28 7 a 16 80.02 8 a 26 8 a 02 8 a 18 8 a 16
J u n e J u n e Dec . F e b . Dec . J u n e Dec . J u n e M a y J u n e J u l y J u l y J a n . Mar . J a n . J u n e May Mar . Mar . May A u g . A u g . J u n e Mar. Mar. J u n e J a n . J a n . J a n . J a n . J a n . May Oct . J u n e Oct . A p r . Oct . J u n e
1 Excludes Treasury bihs, which are fuhy taxable. For description and amount of each issue outstanding on June 30,1973, see table 28; for information as of June 30,1972, see 1972 Statistical Appendix, p. 77,
2 Beginning April 1953, prices are closing bid quotations. Prices for prior dates are the mean of closing bid and ask quotations; "when issued"* prices are included in price range. Dates of highs and lows in case of recurrence are the latest dates. Issues with original maturity of less than 1 year are excluded.
3 Yields are computed to earhest call date when prices are above par and to maturity date when prices are at par or below.
NOTE.—Prices and yields (based on closing bid prices) on June 30, 1972 and June 29* 1973 are over-the-counter quotations, as reported to the Department of the Treasury by the Federal Reserve Bank of New York. Yields are percent per annum compounded semiannuahy except that on securities having only one interest payment, they are computed on a simple interest basis.
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to to 00
VI.—Ownership of Federal securities
TABLE 51.—Estimated ownership of Federal securities outstanding June 30, 1960-73
L l L5 L8 2.0 L7 2.3 3.0 3.6 4.7 3.8 3.8 3.4 3.1 3.2
.3
.6
.5
.5 .4 .5
L8 2.0 2.9 L4 LO 1.8 1.7 1.5 Ul
> t-H Ul
h-l o >
>
o I—I
X
1 Except data including U.S. savings bonds of Series E, F, J, and U.S. savings notes, which are at current redemption value.
2 Securities issued by the Treasury and Govemment agencies that are classified as debt under the new unifled budget concept. For debt subject to limitation, see table 31.
• Includes partnerships and personal trust accounts. * Exclusive of banks and insurance companies.
« Comprises trust, sinking, and investment funds of State and local governments, Territories, and possessions.
8 Includes savings and loan associations, nonprofit associations, corporate pension trust funds, dealers and brokers, and Investments of foreign balances and international accounts in this country. Also included are certain Government deposit accounts and Government-sponsored agencies.
' See text of Federal Debt Management section (pages 11-24, 1973 Annual Report) for a discussion of issuing agencies and the changes in flscal 1973.
bO to CO
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230 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 52.—Summary of Treasury survey of ownership [Par. value. In
Classificarion
N u m b e r of insr i tu t ions or funds
P u b h c deb t issues: In te res t -bear ing pub l ic d e b t securit ies:
Marke tab le N o n m a r k e t a b l e ^ Special issues
T o t a l interest-bearing publ ic d e b t securi t ies . .
Matured deb t and d eb t bearing no in teres t
To ta l publ ic deb t securi-ries
G o v e r n m e n t agency issues: Regular issues Par t i c ipa t ion certificates e . . .
T o t a l Gove rnmen t agency securities cove red in Treasury survey --
N o n s u r v e y e d Governmen t agency securities
To ta l Gove rnmen t agency securities
To ta l Federal s ecu r i t i e s -Memorandum: Securities is
sued b y selected- Government-sponsored agencies 7 . . .
To ta l a m o u n t ou t s tand ing i
J u n e 30
1972
257,202 78,580 89, 598
425,360
1,901
427,260
3,759 5,539
9,297
1,596
10,894
438,154
44,335
1973
262,971 91,644
101,738
458,353
1,788
458,142
4,560 5,057
9,617
1,492
11,109
469,251
55,338
U . S . Governm e n t accounts
and Federa l Reserve banks
J u n e 30
1972
91,224 2,056
89,536
182,815
182,815
270 1,887
1,957
213
2,170
184,985
1,011
1973
95,102 2,058
101,248
198,406
198,408
227 1,737
1,964
192
2,156
200, 582
1,27S
To ta l p r iva te investors
J u n e 30
1972
185,978 78, 505
62
242, 545
1,901
244,445
3,489 3,852
7,341
1,383
8,724
253,169
43,325
1973
167,869 89, 588
490
257,947
1,788
259,735
4,333 3,320
7,653
1,300
8,953
268, 688
54,085
Held b y pr ivate investors covered in Treasu ry
survey
Commercial b a n k s 2
J u n e 30
1972
5,647
47,028 41
47,069
47,069
547 730
1,277
10,260
1973
5,814
45,139 39
45,177
45,177
755 593
1,348
12, 956
Mutua l savings banks 2
J u n e 30
1972
485
2,888 5
2,873
2,673
190 347
538
2,429
1973
480
2,351 3
2,355
2,355
238 437
675
2,841
1 Securities issued by the Treasury and Government agencies that are classified as Federal debt under the unified budget concept. For debt subject to limitation, see table 31.
2 Excludes trust departments. 3 Included with ah other investors are those banks, insurance companies, savings and loan associations,
corporations, and State and local government funds not reporting in the Treasury survey. Also included are certain Government deppsit accounts and Government-sponsored agencies.
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STATISTICAL APPENDIX 231
of Federal securities, J u n e 30, 1972 and 1973
millions of dollars]
Held b y pr iva te investors covered in Treasury survey—Cont inued
Insurance compames
Life
J u n e 30
1972
290
3,001 28
3,027
3,027
112 55
187
125
1973
291
2,785 18
2,781
2,781
114 54
188
171
Fire , casual ty,
and mar ine
J u n e 30
1972
448
2,339 27
2,366
2,388
23 214
237
363
1973
448
2,187 26
2,193
2,193
15 194
210
354
Savings and loan
associarions
J u n e 30
1972
487
2,849 4
2,853
2,853
138 121
259
3,086
1973
486
2, 674 3
2,677
2, 677
177 85
282
3,475
Corporat ions
J u n e 30
1972
466
4,182 (*)
4,183
4,183
4 16
19
609
1973
464
4,599 (*)
4,599
4,599
62 18
80
910
State and local governments
General funds
J u n e 30
1972
316
7,904 18
7,919
7, 919
86 136
222
2,472
1973
316
8,606 12
8,617
8,617
272 132
404
4,011
Pension and rer i rement
funds
J u n e 30
1972
188
2,410 58
2,468
2,468
237 638
875
337
1973
189
1,800 58
1,858
1,858
216 604
820
878
All other pr iva te
investors 3
J u n e 30
1972
93,597 76,327
82
169,986
1,901
171,886
2,151 1,595
3,746
23,644
1973
97,769 89,431
490
187,690
1,788
189,478
2,483 1,203
3,888
28,471
Memor a n d u m : Held by corporate pension
t rus t funds *
June 30
1972
45,615
1,531 132
1,663
1,683
22 94
116
392
1973
49,880
2,158 153
2,312
2,312
84 . 76
140
800
4 Consists of corporate pension trust funds and profit-sharing plans which involve retirement benefits Quarterly data are presented in the Survey of Ownership section of the Treasury Bulletin.
5 Series E U.S. savings bonds and U.S. savings notes are included at current redemption value. 6 Export-Import Bank and Government National Mortgage Association issues. 7 Federal home loan banks. Federal land banks, beginning in 1969, the Federal National Mortgage Associa
tion, banks for cooperatives, and Federal intermediate credit banks, and beginning in 1970. the Farmers Home Administration.
* Less than $1 milhon.
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232 1973 REPORT OF THE SECRETARY OF THE TREASURY
Account of the Treasurer of the United States
TABLE 53.—Assets and liabilities in the account of the Treasurer ofthe Uniied States, June 30, 1972 and 1973
[From records of the Treasurer's Oflice, The balances shown in this table give effect to ah transacrions through June 30, including those for which reports were received after that date. They may, therefore, differ from balances in daily Treasury statements dated June 30 which are pubhshed on the third business day in July. See "Bases of Tables"]
June 30,1972 June 30,1973 Increase, or decrease (—)
ASSETS IN BANKS
Available funds in demand accounts at: Federal Reserve banks $2,344,043,604.81 $4,037,778,242.35 $1,693,734,837.54 Special depositaries. Treasury tax and
Funds in process of collection through: Federal Reserve banks 252,181,96a 91 243,385,713.25 -8,796,247.66 Other depositaries 41,083,632.28 40,195,825.49 -887,80a79
Time deposits and other depositary accounts: Domesric 48,187,683.05 37,644,084.16 -10,543,59a89 Foreign . : . 14^089,801.85 24,208,58a37 10,118,787.52
Funds in transit between depositaries 483,086,822.44 135,985,611.21 -347,101,2ia 23
Total assets in banks. . . 10,958,392,799.48 13,057,778,653,60 2,101,835,854,14
ASSETS IN TREASURY OFFICES
Gold 1 10,410,108,541.07 2 10,410,227,033.47 120,492.40 Deduct liabihties against gold:
Gold certificates, series of 1934, outstanding l,277,80a00 l,277,80a00
Gold certificate fund—Board of Governors, Federal Reserve Systeni ...,. 10,302,121, 68a 42 • 10,302,121,68a 42
Total liabilities - ---- 10,303,399,48b. 42 10,303,399,48a 42
TABLE 55.—Location of gold, coin, and coinage metals held by the Treasury June 30, 1973
[In thousands of dollars. For basis ot data, see headnote to table 53]
U.S. mints: Denver --Philadelphia....
U.S. assay offices: New York 3 . . San Francisco
Bnllion depository. Fort Knox Treasm'er of United States, Washington, D.C Custody accounts:
Federal Reserve Bank cf New York Other banks, etc., various locations .
Total assets Deduct accounts payable to vendors
Net assets, as in table 53
Gold 1
2,414,757 93
. . . . 1,729,073 403,108 .
5,599,445 . 12
"263,724 . 14 .
10,4ia227
.--- 10,410,227
Dohar? 2
198 20,832
54
835
21,719
21,719
Fractional -coin 2
33,714 43,123
14,714 295
3,185 .
95, 012
95,012
Coinage
Silver
3,525 , 226
32, 985 3,701
40 436
40,436
metals ^
Other
252,328
2,258 22,882
277,468 82
277,387
1 Amounts in transit between Bm'eau cf the Mint institutions are included in the balance of the shipping institution.
2 Includes coin in transit tc Federal Reserve banks. 3 Includes bulhon depository at West Point, N.Y. " Physically located as fohows: At Bank of Canada, Ottawa, $54,261,052; at Bank of England, London,
$49^12,979; at New York Assay Office, $37,889,679; on display at Metropohtan Museum of Art, $15,263; and in Federal Reserve Bank's O\\TI vaults, $122,645,217.
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TABLE 56.—Analysis of changes in tax and loan account balances, fiscal years 1960-73
[In milhons of dollars. On basis of telegraphic reports]
S3
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Fiscal year or month
Credits Balance
Proceeds from sales of securities * Taxes
Savings Retirement Tax bonds and plan and anticl-
savlngs tax and loss pation notes 2 bonds» securities
Other Withheld Income
excise (by special and cor- arrange-porate * ment)»
•Less than $500,000. i Special depositaries are permitted to make payment in the form of a deposit credit
for the purchase price of U.S. Govemment 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 subscriptions to the issues.
2 U.S. savings notes first offered for sale as of May 1, 1967, and discontinued after June 30, 1970.
3 Retirement plan bonds first offered for sale as of Jan. 1,1963; tax and loss bonds first issued in March 1968.
< Taxes eligible for credit consist of those deposited by taxpayers in the depositary
banks, as fohows: Withheld income taxes beginning March 1948; taxes on employers and employees under the Federal Insurance Contributions Act begiiming January 1950, and under the Railroad Retirement Tax Act beginning July 1961; a number of excise taxes beginning July 1963; estimated corporation income taxes beginning April 1967; ah corporation income taxes due on or after Mar. 15,1968; and FUTA taxes beginning April 1970.
6 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 procedure was discontinued in April 1967.
6 Represents a corrected classification of a December 1972 transaction.
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Stock and Circulation of Money in the United States
T A B L E 57.—Currency and coin outstanding, in the Treasury, in the Federal Reserve banks and in circulation, by kinds J u n e SO, 1973
[In thousands of dohars, except per capita figures. From records of the Treasurer's Office, supplemented by reports from Treasury offices and Federal Reserve banks. The figurers shown in this table give effect to ah transactions through June 30, including those for which reports were received after that date. They may, therefore, differ from similar figures in other tables prepared on the basis of daily Treasm-y statements. See "Statement of United States Currency and Coin" published monthly]
AMOUNTS OUTSTANDING AND IN CIRCULATION
Total currency and coin
Coini
Total Dollars Fractional coin
Amounts outstanding 72,184,807 7,919,147 2767,405 7,151,742 Less amounts held by:
TheTreasury The Federal Reserve banks
Amounts in circulation
Amounts outstanding . Less amounts held by:
The Treasm-y _ The Federal Reserve banks . . - --
Amounts in circulation 60,273,199 59,664,264 3ia792 289,143
281,887 4,151,493
67,771,228
118, 731 304,387
7,498,029
21,719 40,805
704,881
95,012 283, 582
6,793,149
Currency 3
Total
84, 265,480
145,158 3,847,108
Federal Reserve U.S. notes *
63, 653,442
142,408 3,846,770
notes
322,539
2,585 183
Currency no longer issued
289,479
163 173
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CURRENCY BY DENOMINATION, AND COIN, IN CIRCULATION
COMPARATIVE TOTALS OF MONEY IN CIRCULATION—SELECTED DATES
Currency no longer
issued Date
Amount (in milhons)
158,030 13
43,687 27.258 2 a 859 13,033 25,601
224 262
65 130
*) 289,143
J u n e 30, 1973 M a y 31, 1973 J u n e 30, 1972 J u n e 30. 1970 J u n e 30, 1965 J u n e 30.1980 J u n e 30, 1955 J u n e 30, 1950 J u n e 30. 1945 J u n e 30, 1940 J u n e 30, 1935 J u n e 30, 1930
! *Less than $500. 1 Excludes coin sold to collectors at premium prices. 2 Includes $481,781,898 in standard silver dollars. 3 Excludes gold certificates, Series of 1934, which are issued only to Federal Reserve
banks and do not appear in circulation.
* Issued on and after July 1,1929. 5 Based on Bureau of the Census estimates of population. 6 Highest amount to date.
to 00 -a
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TABLE 58.—Stock of money by kinds, selected years, June 30, 1940-73 S3
[In thousands of dohars, except percentage of gold to total stock of money. For basis of data see headnote to table 57] i-cj O S3
Less: Gold, silver "buihon, and standard silver S dohars held as security for, or redemption ^ of outstanding paper currencies 4.. . . 19,807,106 20,079,777 25,504,665 23,594,948 21,611,053 14,715,025 11,045,392 10,075,392 10,303,399 10,303,399 ^
Total bullion and coin (net).. .- 2,632,395 3,276,771 2,621,510 2,50ai68 2,562,287 4,199,909 6,473,596 6,910,281 7,557,385 8,025,974 ^
Currency: Gold certificates, and credits payable therein 5 17.821,133 18,10a600 23,022,852 21,028,137 19,059,416 13,670,235 11,045,392 10,075,392 10,303,399 10,303,399 O Less: Amount included in cohateral held by Federal ^
Reserve agents for Federal Reserve notes.. 5,557,500 10,968,000 14,349,000 11,108,000 10,585,000 6,295, OQO 3.322,000 3,170,000 1,945,000 2,155,000 H9
Subtotal--. 12,263,633 7,138,600 8,673,851 9,920,137 8,494,416 7,375,235 7,723,392 6,905,392 8,358,399 8,148,399 W Gold certificates prior to Series of 1934 0.... 13,340 3,820 3,801 3,696 3,634 H Silver cerrificates 7 1,828,771 1,815,988 2,324,628 2,40a630 2,394,456 889,176 220,098 217,692 215,309 213,504 Treasury notes of 1890 8 1,163 1,150 1,145 1,142 1,142 42 11 11 11 11 H United States notes 9.. 34a 681 346,681 348,681 348,681 34a 681 322,681 322,539 322,639 322,539 322,539 S3 Federal Reserve notes 10 5,481,778 23,650,975 23,602,680 26,62a 030 28,394,186 37,347,185 60,431,429 54,496,309 58,286,341 63,654,208 Sl Federal Reserve bank notes" 22,809 533,979 277,202 164,412 100,736 68,793 65,436 63,946 52,790 51,705 >;
National bank notes 12 167.190 121,215 87,615 67,379 55.979 22,283 20,291 20,127 20,009 19,861 g
Total paper currency (net). 20,112,025 33,608,588 35,313.803 39,538,411 39,787,595 46,038,735 58,777,016 62,018,716 67,259,093 72,413,860 ^
Total stock of money. 22,744,420 36,885,360 37,935,313 42,044,579 42,349,882 ,50,238.644 65,250,610 68.928.997 74,818,458 80,439,834
Percentage of gold to total stock of money 87.77 54.80 63.87 5L56 45,63 27.74 17.10 14.77 13.91 12.94 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
»Value of gold holdings at $36 per fine troy ounce through 1971 and at $38 per fine troy ounce beginning in 1972. Amounts for 1970 and 1971 are exclusive of gold deposited with the United States by the International Monetary Fund.
3 Excludes bullion carried at monetary value but released for coinage use. 3 Through 1971 consists of standard sUver dohars. Amount for 1973 consists of $481,-
781,898 in standard silver dohars and $285,623,000 in cupronickel clad dohars. 4 Comprises the security for: Gold certificates and credits payable therein (100
percent in gold); U.S. notes (gold to the extent of the reserve required by law (31 U.S.C. 408)); and sUver certificates and Treasury notes of 1890 (100 percent in silver buhion or standard shver dohars). Since enactment of the Old Series Currency Adjustment Act (31 U.S.C. 912-916) on June 30, 1961. gold certificates prior to the Series of 1934; sllver certificates issued before July 1,1929, and Treasury notes of 1890 have been payable from the general fund. The requirement for a gold reserve against U.S. notes was repealed by Public Law 90-269, approved Mar. 18, 1968. Shver certificates Issued on and after July 1, 1929, became redeemable from the general fund on June 24, 1968 (31 U.S.C. 405a-3). The amount of security shown on this line for years after those dates has been reduced accordingly.
« Consists of: Qold certificates outside of the Treasury (issues prior to Series of 1934 are Included through 1981), and credits with the Treasurer of the United States payable to the Board of Governors, Federal Reserve System, in gold certificates. These obligations are fuhy seciued by gold in the Treasm-y.
«Pursuant to the Old Series Currency Adjustment Act are redeemable from the general fund of the Treasury and upon redemption whi be retired.
7 Shver certificates were originahy secured by shver bullion at monetary value ($1.29-|-per fine troy ounce) and standard shver dollars held In the Treasury. They are now payable from the general fund (see footnote 4).
8 Treasury notes of 1890 have been In process of retirement since March 1900(31 U.S.C. 411) upon receipt by the Treasury. Unth June 30, 1961, secured by silver and by gold reserve; thereafter redeemable from general fund.
9 U.S. notes were secured by a gold reserve (31 U.S.C. 408) unth this requhement was repealed by Public Law 90-269, approved Mar. 18, 1968. This reserve, which was
also a reserve for Treasury notes of 1890 unth June 30. 1961, amounted to $156,039,431 for ah dates In this table througb 1967. The act of May 31,1878 (31 U.S.C. 404) required that the amount of U.S. notes then outstanding, $346,681,016, be kept in circulation. The Old Series Currency Adjustment Act provided that this amount should be reduced by such amounts of notes as the Secretary of the Treasury might determine to have been destroyed or irretrievably lost. To date, the Secretary has made such determinations with respect to $24,142,000 of the U.S. notes issued prior to July 1,1929.
10 Federal Reserve banks secure Federal Reserve notes by depositing hke amounts of cohateral with Federal Reserve agents. The Federal Reserve Act, as amended (12 U.S.C. 412), authorizes the use of the fohowing assets for this piu-pose: (a) gold certificates or gold certificate credits; (b) certain discounted or purchased commercial paper; (c) securities issued by the United States; and^d) Special Drawing Rights certificates issued by the Exchange StabUization Fund. Federal Reserve notes are obligations ofthe United States and are a first lien on all assets of the issuing Federal Reserve bank.
Pursuant to the Old Series Currency Adjustment Act of 1961, funds were deposited by the Federal Reserve banks on July 28,1961, with the Treasurer of the United States for the redemption of all series of Federal Reserve notes issued before the Series of 1928. The amount shown for 1973 includes $766,090 for such series.
11 Federal Reserve bank notes at Issuance were secured by direct obligations of the United States or commercial paper. Since termination of their issuance on June 12, 1945 (12 U.S.C. 445 note), the notes have been in process of retirement, and lawful money has been deposited with the Treasurer of the United States for their redemption.
12 National bank notes at Issuance were secured by direct obligations of the United States. From Dec. 23, 1916 (12 U.S.C. 441) these notes have been In process of retirement, and lawful money has been deposited with the Treasurer of the United States for their redemption.
NOTE.—Figures for years not shown appeared in the following Annual Reports; 1880-194? in the 1947 report, page 482; 1948 and 1949 in the 1956 report, page 542; 1951-61 in the 1981 report, page 634; 1982-64 in the 1984 report, page 596; and 1966-87 in the 1987 report, page 654; and 1968-69 in the 1989 report, page 234 of the Statistical Appendix.
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TABLE 59.—Money in circulation by kinds, selected years, June SO, 1940-73 [In t h o u s a n d s of dohars . F o r basis of d a t a , see headno te to t ab le 57]
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J u n e 30 Treasu ry U n i t e d Federa l
Gold cer- D o h a r s SUver cer- notes of Subsid iary Minor States Reserve tificates* tificates i 1890* coin coin n o t e s * no t e s*
* F o r descr ipt ion of secur i ty requi red t o be held against t h e var ious k i n d s of paper cur rency , a n d for re t i r ement provisions, see footnotes t o t ab le 58.
N O T E , — F i g u r e s for years no t shown appeared in t h e fohowing A n n u a l Repor t s : 1880-1947 in t h e 1947 repor t , page 485; 1948-49 in t h e 1966 repor t , page 643; 1951-61 i n t h e 1961 repor t , page 636; 1962-64, in t he 1964 repor t , page 698; a n d 1966-67 in t h e 1967 repor t , page 658; a n d 1968-69 in t h e 1969 repor t , page 236 of t h e Stat is t ical A p p e n d i x .
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STATISTICAL APPENDIX 241 TABLE 60.—Paper currency issued and redeemed during ihe fiscal year 1973 and
outstanding June 30, 1973, by class and denomination
[For basis of data, see headnote to table 57]
Issued durine 1973
Redeemed during 1973
Outstanding June 30, 1973 i
In Treasury In Federal Tn circulation Reserve banks
$4,760,400
CLASS
Gold certificates—seiies of 1934
U.S. nctes 2. Federal Reserve no t e s -
issued on and after July 1, 1929 . -- . 19,302,992,000 13,935,068,259
Currencies no longer issued: 2
Federal Reserve no tes -issued before July 1, 1929
Federal Reserve bank
$1,277,800 182,872 $4,760,400 $2,584, 555
142, 408,144 3.846,769,889
$319, 791, 589
59, 664. 264, 070
58, 495 11,545 . 754, 545
notes -Na t iona l bank notes Gold certificates—issued
before series of 1934 Silver certificates T reasu ry notes of 1890
T o t a l - - - - -
D E N O M I N A T I O N $1 - -$2 -$5 -$10 - - -$ 2 0 - - - -$50 --$100 - - - -$500 $1 000 $5,000 - - - -$10,000 $100 000 Fract ional pa r t s -
1 The Secretary of the Treasmy is authorized to determine, from time to time, the amounts of certain cmrencies, which, in his judgment, have been destroyed, are irretrievably lost or are held in collections and so wih never be presented for redemption, and to reduce the outstanding amounts thereof accordingly. The totals of such reductions effected through June 30,1973, were:
Authorized by Old Series Currencv Adjustment Act (31 U.S.C. 915c) approved June 30, 1961: Issued before July 1. 1929:
U.S. notes '. -.-- - - $24,142,000 Federal Reserve notes- 34,450,000 Federal Reserve bank notes - -.- - - --. 2,083,000 National bank notes . .-- 28,920,000 Gold cerrificates -.- -.- - - -. 18,600,000 Silver certificates 2a 780. COO Treasury notes of 1890 -.- ---- 1,131,000
Gold cerrificates, series of 1928 7,350,000 Authorized by act approved June 24, 1987 (31 U.S.C. 405a-2):
Silver cerrificates, issued after June 30, 1929 200,000,000
Total -.- - - 344,438,000 - Amounts outstanding are also included in the public debt (see table 34, final page).
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242 1973 REPORT OF THE SECRETARY OF THE TREASURY
Trust and Other Funds
TABLE 61.—Airport and airway trustfund, June 30, 1973
[This trust fund established in accordance with the provisions of section 208(a) of the Airport and Airway Revenue Act of 1970 (49 U.S.C. 1742(a))]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative Cumulative through Fiscal year 1973 through
June 30,1972 June 30, 1973
Receipts:
Any liquid fuel other than gasoline $34,672,396.95 $20,891,117.45 $55,563, 514.40 Tires used on aircraft 5,800,000.00 1,210,000.00 7,010,000.00 Tubes used on aircraft 500,000.00 570,00a00 l,070,00a00 Gasohne:
Deduct—reimbursement to general fund— refund of tax receipts:
Commercial aviation 2,100,00a00 1,114,788.07 3,214,788.07 Noncommercial gasohne 871,477.32 23,459.80 894,937.12 Civil aircraft 204,371.92 480,024,25 684,39a 17 Any hquid fuel other than gasohne 43,58 13,57a 35 13,6ia91
Total refunds of taxes 3,175,892.80 1,631,848.47 4,807,741.27
Net taxes-- 1,211,474,577.46 758,158,637.10 1,96a633,214. 56
Federal payment 648,882,OOa00 73,397,OOa00 720,27a00a00
Net receipts 1,858,356,577.46 831,555,837.10 2,889,912,214.56
Expenditures: Federal Aviation Administration:
Operations 1,078,394,92a 28 77,327,522.24 1,155,722,442.52 Grants in aid for airports 166,966,901.79 232,346,415.81 399,313,317.40 Facilities and equipment 345,735,118.65 321,787,872,15 667, 502,99a 80 Research and development 84,699,816.66 66,683,153.38 151,382,970.04
Aviation Advisory (Commission-salaries and expenses 844,33061 1,075,472.52 l,919,80ai3
Interest on refund of taxes 25,832.47 25,632.47 Total expenditures 1,876,641,093.99 699,206,068.37 2,375,847,162.36
From general fund accounts 1 876,630,625.09 -3,597,815.70 873,032,809.39
Net transfers- 878,830,825.09 -3,597,815.70 873,032,809.39
1 Unexpended balances of certain general fund accounts transferred to the trust fund pursuant to Airport and Airway Revenue Act of 1970, section 208(c).
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STATISTICAL APPENDIX 243
T A B L E 62.—Civil service retirement and disability fund, J u n e 30, 1973
[This t rus t fund was established in accordance w i t h the provisions of the act of May 22, 1920, as amended (5 U .S .C . 2267). For f iuther details see A n n u a l Repor t of the Secretary for 1941, p . 138]
L R E C E I P T S A N D E X P E N D I T U R E S ( E X C L U D I N G I N V E S T M E N T T R A N S A C T I O N S I N F E D E R A L A N D N O N - F E D E R A L S E C U R I T I E S )
C u m u l a t i v e th rough
J u n e 30,1972 Fiscal year 1973
C u m u l a t i v e th rough
J u n e 30,1973
Receipts : Deduc t ions from salaries, service credit pay
m e n t s , a n d vo lun t a ry cont r ibut ions of employees subject to rer i rement act i $23,989,390,439.40 $2,136,47a 590 35 $28,125,867,029.75
Federal contr iburions 2 a 837,980,923. 21 1,760,480 500 00 8,598,461,423.21 P a y m e n t s b y employing agencies 2 17,398,091,690 23 2,140,864,331.41 l a 538,95a 021. 84 In te res t and profits on inves tmen t s 11,313,942,910 19 1,566, 219,303.17 12,880,182, 219.38 Transfer from the Comptrol ler of t he Cur
rency rer i rement fund 5,050,00000 5,050,00a00
Tota l receipts 59, 544, 455, 98a 03 7,804,040,724.93 67,148,496,693.98
Expendi tm-es: A n n u i t y p a y m e n t s , refunds, etc '•31,552, 648,805.81 4,522,728, 924. 82 36,075,377,730 43 Transfer to policemen's and firemen's relief
I n v e s t m e n t s in public deb t securities: Special issues, civil service re t i rement fund
series m a t u r i n g J u n e 30: T rea su ry notes :
4 ^ % of 1974 55^% of 1975. 8>^2% of 1976 7 ^ % of 1977 61/8% of 1978 5M%of 1979 85^% of 1980. .
T reasu ry bonds : 3 M % o f l 9 7 3 3 ^ % c f l 9 7 3 4/8% of 1973 3 K % o f l 9 7 4 3 J ^ % o f l 9 7 4 . . - . . -4 H % o f l 9 7 4 — -3M% cf 1975 - . -ZA% of 1975 - - - -4 H % 0 f l 9 7 5 --3M% 3f 1978- - . - --ZA% of 1978 4 /8% of 1978 - J . 3 H % > 0 f m 7 . . . . 3 K % o f l 9 7 7 4 H % o f l 9 7 7 --3 ^ % of 1978---41/^% of 1978 4 H % o f l 9 7 9 4 H % o f l 9 8 0 . . . .
Tota l special issues 24,631,986,000 00 3,197,590,000 00 27,829, .576, OOO 00
Footnotes at end of table .
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244 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 62.—Civil service retirement and disability fund, J u n e 30, 1973—Continued
I I . A S S E T S H E L D B Y T H E D E P A R T M E N T O F T R E A S U R Y — C o n r i n u e d
Assets J u n e 30,1972 Fiscal year 1973
increase, or decrease (—)
J u n e 30,1973
Pub l i c issues: T r e a s u r y notes :
5^g% Series B-1974-. 5 H % Series A-1974-. 5M% Series A-1975-. 5>g% Series C-1975-. 6% Series B - 1 9 7 5 - - . Q}4% Series A-1976-. QA% Series B-1976-. 7 H % Series C-1976-. 7 H % Series B-1977-. 8% Series A - 1 9 7 7 - - . 6% Series B - 1 9 7 8 - - . 6 K % Series A-1978-. 6 ^ % Series A-1979-.
T rea su rv bonds : 4% of 1973 --. 4 H % o f 1973 3 ^ % of 1974 4 H % o f l 9 7 4 . . 4 ) ^ % o f l 9 7 4 - -4 ^ % of 1975-85 3 k % of 1978-83 3 H % o f l 9 8 0 4% of 1980 -. 63/^% of 1984 3 K % o f l 9 8 5 6 ^ % of 1986. 4 ^ % of 1987-92 41/^% of 1989-94 3 ^ % of 1990 3 % of 1995 3 k % o f l 9 8 8 . -
Tota l assets - . - - 27,990,211,728.77 3,080,744,35L91 31,070,958,080 68
'•Revised, 1 Basic compensat ion deduct ions have been at the ra te of 7 percent since the beginning of the first appli
cable p a y period beginning after Dec, 31, 1969. Since 1958 Dis t r ic t of Co lumbia and Gove rnmen t corporat ions ' cont r ibut ions have been inc luded wi th contr ibut ions from agency salary funds.
2 Beginning J u l y 1, 1957, appropr ia t ions are no t m a d e directly tc the fund. Ins tead , in accordance wi th "the act approved J u l y 31, 1956 (5 U .S .C . 8334(a)), the employing agency contr ibutes (from appropr ia t ions or funds from which the salaries are paid) amoun t s equal to the deduct ions frcm employees ' salaries.
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STATISTICAL APPENDIX 245
T A B L E 63.—Employees health benefits fund. Civil Service Commission, June 30, 1973
[On basis of reports from the Civil Service Commission, This trust revolving fund was established in accordance with the provisions of the act of Sept. 28,1959, as amended (5 U.S.C. 8909)]
1. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative through
June 30,1972 Fiscal year 1973
CumiUative through
June 30,1973
1,407,207, 967.80 9,113,691,068. 29
Receipts: Direct appropriations -- $323,742, OOa 00 $125,270,000,00 $449,012,000.00 Employees and annuitants withholdings— - 5,093,118,15a 89 825,618,512.64 6,918,734,663.43 Agency contributions - --- 2,242,486,203.71 441,122,23a84 2,683,608,443.66 Interest and profits on investments 47,036,745.89 15,199,205.42 62,235,961.31
Total receipts - 7,706,383,100,49
Expenditures: Subscription charges paid to carriers - - - 7,303,926,384.30 Contingency reserve paid to carriers 180,718,802.71 Carrier refunds - - -253,28040 . Admirustrative expenses 15, 566,154.65 Interest on administrative expenses paid by
employees hfe insurance fund i 43,625,79 Other 2 r-1,661, 988. 58 169,960 80
II . ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets June 30, 1972 Fiscal year 1973
increase, or decrease (—)
June 30,1973
Investments in public debt securities: Special issues, employees health benefits
fund series maturing June 30: Cerrificates of indebtedness: 3.76% of 1972.
6.69% of 1973..
Total special issues
Pubhc issues: Treasury notes:
55^% Series B-1974 . . - . 5M% Series A-1974 5M% Series A-1975 6% Series B-1976 7% Series D-1975 ----6M% Series A-1976 - -. 7A% Series C-1976 -6% Series B-1978 ----6>i% Series A-1978 6^% Series A-1979..-- ---. Q14% Series A-1980 -
Trea.sury bonds: 4% of 1972 (dated Sept. 15,1982). 4% of 1973 - -43^% of 1973 -3>^%ofl974 4 ^ % of 1974 - -4M%0fl974 3K% of 1978-83—•. 3M%ofl980 -4M% of 1987-92 33^% of 1990 --3M%ofl998
Total pubhc issues-Total investments..
Undisbursed balance
Total assets..
$73,950,000.00 —$73, 960, COa 00 . -- 22,677,00000 $22,677,000, 00
"• Revised. 1 As provided in the act (5 U.S.C. 8909). 2 Difference between cost and face value of investments.
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246 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 64.—Retired employees health benefits fund. Civil Service Commission, June 30, 1973
[On basis of reports from the Civil Service Commission. This trust revolving fund was established in accordance with the provisions of the act of Sept. 8, 1980 (5 U.S.C. 8906)]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative through
June 30,1972 Fiscal year 1973
Cumulative through
June 30, 1973
Receipts: Direct appropriarions (Government contriburion).' $136,877,000.00 $12,338,000. 00 $149,215,000.00 Annuitants withholdings 91,880,608.30 1,150,64a 78 93,031,258.08 Interest and profits on investments 7,213,849.05 2,155,492.76 9,369,141.81
Total receipts 235,971,257,35 15,644,142.54 251,815,39a 89
Expenditures: Subscription charges paid to carrier 130,741,510.82 4,818,908,24 135,580,4ia 08 Government contributions paid to annuitants i . . . 69,495,584.72 7,674,816.18 77,170,400.88 Administrative expenses 3,391,648.81 199,88a 37 3,591,535,18 Interest on loans 6,409.00 6,40a00 Payment from contingency reserve 1,300,OOaoO 1,300,000.00 Other2 -1,678,701.04 -116,359.59 -l,795,08a83
Total expenditures 201,956,452.31 13,877,251.18 215,833,703.49
Balance 34,014,805.04 1,768,891.38 35,781,89a 40
n , ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets June 30,1972 Fiscal year 1973
increase, or decrease ( - )
June 30,1973
Investments in pubhc debt securities: Pubhc issues:
Treasury bills: Maturing June 30,1973 3 Maturing July 31,1973
$3,865,000.00 1,635,000,00
Total Treasury bihs Treasury notes:
5 ^ % Series •B-1974 $17,229,000.00 . 5M% Series A-1975.. 7^% Series C-1976-. 7M% Series B-1977.. 6% Series B-1978—. 6K% Series A-1978.. m % Series A-1979-.
'• Revised. 1 In accordance with 5 U.S.C. 3055(a), subject to specified restrictions, a retired employee who elects to
obtain or retain a health benefits plan other than the uniform Goverrmient-wide health benefits plan directly with a carrier, shall be paid a Government contribution toward the cost of his plan which shall be equal in amount to the appropriate Government contribution.
2 Difference between cost and face value of investments. 3 Redeemed July 2,1973. 4 Includes $6,556.18 advances to retirement systems.
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STATISTICAL APPENDIX 2 4 7
TABLE 65.—Employees life insurance fund. Civil Service Commission, June 30, 1973
[On basis of reports from the Civil Service Commission. This trust revolving fund was established in accordance with the provisions of the act of Aug. 17, 1954, as amended (5 U.S.C. 8714)]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative Cumulative through Fiscal year 1973 through
June 30, 1972 June 30,1973
Recei nts' Employees withholdings $2,434,801,671.73 $299,132,940 74 $2,733,934,618.47 Government contriburions 1,117,650,463.69 125,977,441.49 1,243,627,905.18 Premiums collected from beneficial association
members 45,422,922.36 2,285,520 71 47, 708,44a 07 Interest and profits on investments - 269,551,654.22 84, 299,131,77 333,850,785,99 Other- - 129,433.92 1,411.79 130,845.71 Assets acquired from beneficial associations:
U.S. securiries -- 13,958,330 40 - 13,958.330 40 Other 22,092,103.48 50,807.41 22,142,91089
Total receipts 3,903, 608,585.80 491,747,285.91 4,395,353,851.71
Expenditm'es: Premiums paid to insurance companies:
. For Federal employees generally 3,489,282,917.49 332,952, 221.80 3,822,235,139.09 Less return of premiums paid 1 702,119,87a 79 702,119,87a 79
For beneficial associarion members - 87,807,105. 82 6,927, 059.17 94,734.164.79 Less retmn of premiums paid 2 17,920 309,95 1,811.290 58 la 731.600 53
Total assets..----- - 1,091,983.383.77 151,044,818,67 1,243,028,202.44
' Revised. 1 Premium payments in excess of the $100 mihion conringency reserve set by the Civil Service Com
mission, which are required to be returned to the fund by the insuring companies (5 U.S.C. 8712). 2 Return of premium payments in excess of annual claims paid, expenses, and other costs. 3 Difference between cost and face value of investments.
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STATISTICAL APPENDIX 2 4 9
TABLE 66.—Federal disability insurance trust fund, June 30, 1973
[This trust fund was established in accordance with the provisions of the Social Security Act amendments approved Aug. 1,1958 (42 U. S. C. 401 (b)) ]
L .RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS IN FEDERAL AND NON-FEDERAL SECURITIES)
Cumulative Cumulative through Fiscal year 1973 through
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250 1 9 7 3 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 66.—Federal disability insurance trust fund, J u n e 30, 1973—Continued
II. ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets June 30,1972 Fiscal year 1973
increase, or decrease (—)
June 30, 1975
Investments in public debt securities: Special issues. Federal disabihty insurance
trust fund series, maturing June 30: Treasury notes:
4M%of 1974 $309,178,000.00 5 ^ % of 1975 583,612, ooa 00 63^% of 1976 1,151,608, ooa 00 7^% of 1977 1,394,468, ooa 00 63^% of 1978 1,284,249, ooa 00 5M%of 1979.. 1, 058,817, ooa 00 8^% of 1980
Treasury bonds: 25^% of 1974....: 425,000.00 354% of 1974 20,738,000.00 2 ^ % of 1975 132,894,000.00 3M%of 1975 20,738,000.00 3M%of 1976 153,632,000.00 3 ^ % of 1977 153,632, ooa 00 3J^%of 1978 153,632,000.00 43/ % of 1979 153,632,000.00 43^% of 1980.. 125,606,000.00
Total specral issues.. 6,606,859,000.00
Pubhc issues: Treasury notes:
5M% Series A-1975 $10,000, OOa 00 6% Series B-1975 3,750,000.00 73^%, Series C-1976 . 2a000,00a00 7M% Series B-1977 14,000,00a00 8% Series A-1977 iaOOO,OOaOO 6K% Series A-1978 2,000,000.00 8% Series B-1978 2,000,000.00
Treasury bonds: 4% of 1973 18,500,000.00 3>^%of 1974.... 5,000, ooa 00 4)/^% of 1974 10,000, ooa 00 4K% of 1975-85 20,795,000.00 4% of 1980 30,250,000.00 8H%ofl984 414% of 1987-92 80,800,ooa 00 4H% of 1989-94 68,400, ooa 00 33^% of 1990 10,500,000.00 3H%of 1998. 5,000, ooa 00
'' Revised. 1 Appropriations are equal to the amount of employment taxes collected as estimated by the Secretary of
the Treasury and adjusted in accordance with wage reports certified by the Secretary of Health, Education, and Welfare for distribution to this fund, the Federal old-age and survivors insurance trust fund, and the Federal hospital insurance trust fund.
2 Through June 30, 1987, includes amortization of premium and discount, net. 3 Includes the following balances in accounts as of June 30:
Less refund of internal revenue collections - 282,999, 500,00 55,044,000,00 318,043,500,00 Deposits by States 2,422,511,064.93 724,930,293.88 3,147,4<tl, 358,81 Interest and profits on investments 2 710,841,983,56 195,672,710,01 90a 514,693.57 Transfers from general fund 3,445,911,324.42 429,415, OOa 00 3,876,326,324,42 Payments from raihoad retirement accounts- 310,110,000.00 63,238,000.00 373,348,000.00 Other -.- 5,672,012.77 3 158,388.69 5,830,381.46
Total receipts 30,915,960,615.55
Experiditures: Benefit payments 27,254,444,218.95 Interest paid to Federal supplementary
medical insurance trust fund 800,000.00 Adniinistrative expenses:
Togeneralfund 38,346,043.62 To Federal old-age and survivors insur
ance trust fund 8a 174,994.00 To Federal disabihty insurance trust fund- -733,233.00 To Federal supplementary medical insur
ance trust fund 534,25a 00 2,604,219.00 3,138,475.00 Salaries and expenses 878,952,115.85 178,227, 57a 00 855,17a 694.65 Construction l,930,42ai8 918,84a00 2,849,26ai8
Pubhc health services 18,787,000.00 4,247,100.00 23,034,10a00
Total expenditures 28,057,235,815.40 6,841,681,084.06 34,898,896,89a 48
Investments in public debt securities: Special issues. Federal hospital insurance
trust fund series, maturing June 30: Treasury notes:
63^% of 1976 $445, 419, ooa 00 -$445,419,000.00 . 7^% of 1977 919,358, ooa 00 -375,238, OOa 00 63^% of 1978 931,182,000.00 5^% of 1979 537,999,000.00 8^% of 1980 -- 2,159,064,000.00
Total special issues 2,833,958,000.00 1,338,407,000.00
Investments in agency securities: Government National Mortgage Association
participation certificates: Federal assets liquidation trust:
5.20% of 1982
Total agency securities
Total investments par value Undisbursed balance
Tot.al assets 2,858,724,80a 15 1, 509,941,82a 52
50,000, ooa 00 -
50,000,000.00 -
. 2,883,958,000.00 -25,233,199.85
1,338,407, ooa 00 171, 534,620. 52
50,000.000. 00
50,000,000. 00
4, 222,365,000. 00 148,301,420. 87
4,388, 688,420. 67
1 Appropriations are equal to the aniount of employment taxes collected as estimated by the Secretary of the Treasury and adjusted in accordance with wage reports certified by the Secretary of Health, Education, and Welfare for distribution to this fund, the Federal old-age and survivors insurance trust fund, and the Federal disability insurance trust fund.
2 Through June 30, 1967, includes amortizations of premium and discount, net. 3 Includes $155,141.00 reimbursement of interest from Federal disability insurance trust fund.
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252 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 68.—Federal supplementary medical insurance trust fund, June 30, 1973
[This trust fund was established in accordance with the provisions of the Social Security Act amendments approved July 30,1965 (42 U.S.C. 1395t)]
L RECEIPTS AND E X P E N D I T U R E S (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative through
June 30,1972 Fiscal year 1973
Cumulative through
June 30,1973
Receipts: Premiums transferred from Federal old-age
and survivors insurance trust fund. Federal disability insurance trust fund, railroad retirement account, and civil service rerirement and disabihty fund--- - . . . $4,771,153,4ia 63 $1,192,934,257.97 $5,964,087,677.60
Premiums deposited by States 527,637,839.16 149,349,642.82 676,987,481,98 Preniium collections by Social Security
Salaries and expenses 5 1,208,243,385.28 269,414,95a 60 1,477,658,335,88 Construction of buildings 2,258,62a 93 1,063,92a 00 3,322,54a 93
^ Togeneralfund --- 180,281,92 19,643,50 179,925.42 To crvU service 421,712.46 71,882.75 493,595.21 To Federal disability insurance trust fund. -10,882,512.00 -11,088,093.00 -21,970,605.00 To Federal old-age and survivors insur-
rance trust fund 19,051,642,00 -11,483,132,00 7,588,5ia00 To Federal hospital insurance trust fund. -301,643,00 -2,804,219.00 -2,905,882,00 To Pubhc Health Service 6,478,000,00 471,900.00 6,949,90aOO
Total expenditures 11,198,030,282.89 2,837,099,053.59 13,835,129,330 28
Investments in pubhc debt securities: Special issues, Federal supplementary medi
cal insurance trust fund series, maturing June 30:
Treasury notes: 63^% of 1978 $245,925,000,00 -$60,208,000.00 5M%0f 1979.--- 232,150,000.00 - --. 65^% of 1980 281,762,000.00
Total investments 478,075,000 00 221,558,000.00 Undisbursed balance 2,633,909.42 43,457,576.18
Total assets - 480,708,90a 42 265,013,57016
$185,719,000.00 232,150,000,00 281,782,000,00
899,631,000.00 46,091,485.58
745,722,485.58
I Includes $1,890,602 reimbursement of interest from Federal old-age and survivors insurance trust fund, and $88,452 reimbursement of interest from Federal disabihty insurance trust fund.
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STATISTICAL APPENDIX 2 5 3
TABLE 69.—Federal old-age and survivors insurance trust fund, June 30, 1973
[This trust fund, the successor of the old-age reserve account, was estabhshed in accordance with provisions of the Social Security Act amendments (42 U.S.C. 401). For further details see Annual Reports of the Secretary for 1940, p. 212 and 1950, p. 42]
L RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS IN FEDERAL AND NON-FEDERAL SECURITIES) .
Cumulative Cumulative through Fiscal year 1973 through
Less refund of internal revenue collections- 3,359,878,50a 00 373,186,000.00 3,733,064,500.00 Deposits by States 24,317,408,43a 98 4,130,891,055.92 28,448,297,48a 88 Interest and profits on investments 2 16,673, 511,920.45 1,847,842,157.97 18, 521,354,078.42 Transfers from general fund 3 1,931, 544,400.00 474,645,000.00 2,406,189,400.00 Payments from railroad rerirement account- 35,393,00a00 35,393,000.00 Other 4 23,495,74a31 39,802.18 23,535,342.49
Total receipts 346,004,891,755.21 43,640,704,188,70 389,845,595,943,91
Expenditures: Benefit payments 298,971,075,577,66 42,170,274,24a 86 339,141,349,818.52 Construction of buildings - - - 81,753,52a 82 7,445,75a 72 89,199,271,54 To railroad rerirement account 6,475,364,000,00 752,954, OOa 00 7,258,318,000.00 Administrative expenses:
Salaries and expenses 5 5,448,068,638,10 567,290,77a 53 8,015,357,417.63 Togeneralfund 1,169,205,533,59 78,019,88a75 1,247,225,423.34 To Department of Health, Education,
and Welfare 58,121,625.00 3,083,545.00 59,205,17a 00 From Federal disabihty insurance trust
fund -516,098,337.00 -516,098,337.00 From Federal hospital insurance trust
fund ----- -63,494,177.00 : -63,494,177.00 From Federal supplementary medical
insurance trust fund -17,293,792.00 13,373,734.00 -3,920,058.00 Vocational rehabilitation administrative
expenses 7,041,593.40 2,505,657.60 9,547,251.00
Total expenditures 309, 591,742,182. 57 43,624,947, 597.46 353,218,889,78a 03
Treasury bonds: 2^%ofl973 934,472,000.00 -934,472, OOa 00 25^% of 1974 1,080, Oil, ooa 00 -1,080, Oil, OOa 00 2 ^ % of 1975 ----- 919,934, ooa 00 -234,756,000 00 685,178, OOa 00 3 ^ % of 1975 180,077, ooa 00 160,077, OOa 00 3M%of 1978— 1,080, on, ooa 00 1,080, on, ooa 00 3>g%ofi977 1,080, on, ooa 00 1,080, on, ooa 00 33/8% of 1978 858,444, ooa 00 658,444,000.00 43^%ofl978 421,567,000,00 421,567, OOa 00 4>^%ofl979 1,080,011,000.00 1,080,011,000.00 43^% of 1980 1,080, on, ooa 00 1,080, on, ooa 00
Total special issues 29,125,529, OOa 00 2,298,048, OOa 00 31,423,575, OOa 00
Footnotes at end of table.
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254 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 69.—Federal old-age and survivors insurance trust fund, J u n e 30, 1973—Contmued
II. ASSETS HELD BY THE DEPARTMENT OF THE TREASURY—Continued
Assets June 30, 1972 Fiscal year 1973
increase, or decrease (—)
June 30, 1973
Investments in pubhc debt securities—Continued
Pubhc issues: Treasury bonds:
23^% of 1967-72 (dated Oct. 20,1941). - . . $25a 00 4% of 1973. - 38,000,00a00 33^% of 1974 24,600,00aC0 4H%ofl974 - 61,934,000 00 434% Of 1974 - 6,352,000 00 434% of 1975-85 --- 78, 023, ooa 00 334% of 1978-83 - -- . 80,200,OOaOO 4% of 1980 ---- 153,100,00a00 3 ^ % of 1980 449,450, ooa 00 7% of 1981 --- ----- 50,000,ooa00 6^% of 1984 -. 3K%ofl985 25,700,00000 434% of 1987-92 ---- --- 33,000,00000 4>^% of 1989-94 91,300,00000 33^% of 1990 - 556, 250, ooa CO 3% of 1995 -- 70,170, ooa 00 33^% of 1998 - 552,037, ooa 00
Treasury notes: 5M% Series A-1975 7,000,00a00 8%, Series B-1975 17,460,000.00 7% Series D-1975.. 50,000.000 00 834% Series A-1978 5,000,00a00 8M% Series A-1976 22,18O,00a0O 73^% Series C-1976 90,500,000 00 8% Series A-1977 , 15,000,00a00 2 ^ % Investment Series B-1975-80 - 1,084,902, OOa 00
Total public issues 3,522,048,250 00
Investments in agency securities: Government National Mortgage Associ
ation: Federal assets hquidation trust:
5.20% of 1982 $100, 000, ooa 00 5,10% of 1987 50,000,00000
Federal assets flnance trust: 6,40% of 1987 75,000,00000 6,05% of 1988 65,000, ooa 00 6.45% of 1988 35.000.00000
a20% of 1988.---... 230,000, ooa 00
Total agency securi ties 655,000,000,00
Total investments, par value 33,202, 577, 250,00 Undisbmsedfunds6... 3,210,572,322,64
Subtotal 36,413,149,572.84 Unamortized discount and premium on in
vestments (net) -14,091,538.37
Total assets 36,399,058,034,27
-$25a00 $38,000,000 00
24,500,000 00 61,934,00a00 6,352,00a00
78,023.00a00 89,200,00a00
153,10000000 449,450,000 00 5o,ooo,ooaoo
31,500, OOO 00 31, 500,000.00 . . . 25,700,00a00
33,ooo,ooaoo 9i,3oo,ooaoo
558, 250, oca 00 70.170.00a00
- . - . 552,037, ooa 00
-7,000, ooa 00 . - - 17,450,000.00
50,000,00000 .--- 6,ooo,ooaoo
- 22,180,00a00 90,500,00000 i5,ooo,ooaoo
1, 084,902, ooa 00
- 2 5 a 00 3, 622,048, ooa 00
100,000, 50,000,
75,000, 65, 000, 35,000,
230, 000,
000,00 OCO. 00
000,00 000,00 000. CO 000. 00
555,000, 000.00
2, 298,045, 750. 00 - 2 , 282, 289,158.76
35, 500, 623, 928, 283,
000,00 163,88
15,756,591.24
1,080, 891. 72
36,428,906,
-13 ,010,
183,88
64a 65
16,837,482.96 36,415,896,617,23
1 Appropriations are equal to the amount of employment taxes collected as estimated by the Secretary of the Treasury and adjusted in accordance with wage reports certified by the Secretary of Health, Education, and Welfare for distribution to this fund, the Federal disabihty insurance trust fund, and the Federal hospital insurance trust fund.
2 Through June 30,1967, includes amortization of premium and discount, net, 3 In connection with payments of beneflts to survivors of certain World War II veterans who died within
3 years after separation from active service, * Incidental recoveries, and beginning with fiscal 1958, includes reimbursement of interest in the net
amount of $15,039,908.00 transferred from the Federal disabihty insurance trust fund: beginning with fiscal 1966. $1,929,801.00 from the Federal hospital insurance trust fund; and beginning with fiscal 1967, $1,132,572,00 from the Federal supplementary medical insurance trust fund,
s Paid directly from the trust fund beginning with fiscal 1947 under annual appropriarion acts, 6 Includes the following balances in accounts as of June 30:
1972 1973 Benefit payments -- - $3,180,336,81 a 65 $896,077,803.12 Salaries and expenses - 27,081,761.98 28,475,243.61 Construction of buildings 3,116,132.40 4,723,981.68 Vocational rehabilitation program payment 37,617.73 6,155.47
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STATISTICAL APPENDIX 255
TABLE 70,—Foreign service retirement and disability fund, June 30, 1973
[This trust fund was established in accordance with the provisions of the act of May 24, 1924, and the act of Aug. 13, 1946 (22 U.S.C. 1062). For further details, see Annual Report of the Secretary for 1941, p. 138]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative through
June 30,1972 Fiscal year 1973
Cumulative through
June 30,1973
Receipts: Deductions from salaries, service credit payments,
and voluntary contributions of employees subject to retirement act ••$99,047,710 80 $23,189,651.22
Appropriations! 25,815,900 00 Payments by employing agency ! ^ 53,17a 182.24 8,763,685.92 Receipts from civil service rerirement and dis
ability fund ^ 25,492, 570 38 5, 284, 5n. 78 Adjustments in widow survivor benefits 44,075. 00 12,400.00 Interest and profits on investments 34,134,471.32 2, 985,998.33
Total receipts.--. ---. ^237,713,915.54 40,218,247.25 Expenditures:
Annuity payments and refunds-- >• 178,773,30O 32 30,754,057. 97
Balance ^ 58,94a 615. 22 9,462,180 28
$122,217,381. 82 25, 815, 900. 00 81, 942,888.16
30,777, 088.16 56, 475. 00
37,120,469. 85
277, 930,162. 79
209, 527,358. 29
88,402,804. 50
II. ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets June 30,1972 Fiscal year 1973
increase, or decrease (—)
June 30,1973
-$3,017, OOO 00 . -2,182,000.00
11,192,000 00
Investments in public debt securities: Special issues, foreign service retirement fund
series maturing June 30: Treasury notes:
4% of 1973 $3,017,00000 4% of 1974 3,017,00a00 4%ofl975 --. 3,017,00000 . 6M%0fl978 5,082,00000 . 75^%ofl977 6,721.000.00 . 6>g%ofl978 4,454,00000 . 5^%ofl979 ---- - ---- 9,125,00000 . 6^% of 1980
r Revised, 1 Beginning J u l y 1, 1961, appropriar ions are not m a d e directly to the fund. Instead, in accordance wi th
t he act approved Sept, 8, 1980 (22 U . S . C . 1071(a)), t h e employing agency contr ibutes (from appropria t ions or funds from which the salaries are paid) a m o u n t s equal to t h e deduct ions from employees salaries.
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2 5 6 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 71.—Highway trustfund, June 30, 1973
[This t rus t fund was established in accordance wi th the provisions of section 209(a) of the H ighway Revenue Act of 1958 (23 U.S .C. 120 note)]
L R E C E I P T S A N D E X P E N D I T U R E S ( E X C L U . D I N G I N V E S T M E N T T R A N S A C T I O N S )
C u m u l a t i v e th rough
J u n e 30,1972 Fiscal year 1973
C u m u l a t i v e t h rough
J u n e 30,1973
Receipts: Excise taxes: i
Gasohne 2 Diesel and special motor fuels Tires 2 Tread rubbe r 2 T rucks , buses, and trailers 2 T r u c k use Inner tubes 2 Other tires P a r t s and accessories for t rucks , buses, etc-Lubr ica t ing oils
Deduc t—re imbursement to general f u n d -refund of tax receipts:
Gasoline used on farms- -Gasohne for nonhighway purposes or local
t rans i t sys tems Gasohne, other Tires and t read rubbe r T rucks , buses, and trailers Floor stock taxes Lubr ica t ing oils not used in h ighway
motor vehicles L igh t -du ty t rucks
1,439,609,983.09
344,022, 729.02 103,007.84 . 9 7 , 4 i a 9 0 . 86,65a 55 .
- 640 .38 .
107, 754,380. 57 188,738,244.40
102, 286,815.04
24,809,998.44
19,321,039.49 6,084, 594.07
1, 541, 986,798.13
368,832, 725. 48 103,007.84 97,416.90 86,85a 55
- 6 4 a 38
127,075,420.06 174,820, 838.47
Tota l refunds of taxes 2,060,479,771.99 152, 502,445.04 2,212,982,217.03
N e t taxes 57,912,090,057.53 Interes t on inves tmen t - - - 703,686,105.89 Miscellaneous interest 269,136.68 . Advances from general fund 489,000,000.00 .
Less r e t u r n of advances to general fund 489,000,000.00 . Re imbur semen t from general fund 15,097,772.00 .
5,685,453,718.94 246,740,126.02
63, 577,543,778.47 950,428,231.91
269,136. 68 489,000,000. 00 489,000,000.00
15,097,772.00
N e t receipts 58,631,143,072.10 5,912,193,844.96 84,543,338,917.60
Expend i tu res : H i g h w a y program:
R e i m b u r s e m e n t to general fund $501,018,553.13 . Federal Aid H i g h w a y Ac t of 1956 53,562, .588,639.80 Pen tagon road ne twork 2,244,625.94 Right-of-way revolving fund 53,156,467. 86
. Fores t H ighways - -Na t iona l H i g h w a y Traffic Safety A d m i n
istrat ion 12,936,000.00 T r u s t fund share other h ighway p rog ran i s . 3,031,334.00
$4,729,538,992. 81 484, 75
24,904,245,26 186,905,15
50,808,870, 54 5,596,882.67
$501,018,553.13 58,292,107,632.81
2,245, n o 69 78,080,713.12
186,905.15
63,744,870 54 8,627,990 67
To ta l h ighway prograni 54,134,955. 620 73 Services of D e p a r t m e n t of Labor (adminis
t ra t ion a n d enforcement of labor s tanda r d s ) . 368,225.00 .
In teres t on advances from general fund 6,288,481.44 .
4,811,036,161.18 58,945,991,781. 91
388,225. 00 6,288,481. 44
Tota l expendi tures 54,141,812,327.17 4,811,036,181.18 58,952,648,488.35
Total assets 4,489,530,744.93 1,101,157,683.78 5,590,888,428.71
1 Amounts equivalent to specified percentages of receipts from certain taxes on motor fuels, vehicles, tires and tubes, and use of certain vehicles are appropriated and transferred monthly from general fund receipts to the trust fund on the basis of estimates by the Secretary of the Treasury, with proper adjustments to be made in subsequent transfers as required by section 209(c) of the Highway Revenue Act of 1958, as amended (23 U.S.C. 120 note). See also the annual report to Congress on the financial condition and results of operations of the highway trust fund.
2 Includes fioor stocks taxes.
T A B L E 72.—Judicial survivors annuity fund, June 30, 1973
[This fund was estabhshed in accordance with the provisions of the act of Aug. 3, 1956 (28 U.S.C. 376(b))]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative Cumulative through Fiscalyear 1973 through
June 30,1972 June 30,1973
Receipts: Deductions from salaries and contriburions $13,282,825.47 $1,589,168.81 $14,851,994.28 Interest and profits on investments 1,734,383.65 359,867,14 2,094,250 79
Total receipts 14,997,20012 1,949,035.95 16,946,245.07 Expenditures:
Investments in public debt securities: Pubhc issues:
Treasury notes: 55^% Series B-1974 8% Series B-1975 7% Series D-1975 73^% Series C-1978 7M% Series B-1977 8% Series A-1977 8% Series B-1978 6M% Series A-1978 834% Series A-1979
Treasury bonds: 4% of 1973 43^% of 1973 3K%ofl974 434% of 1974 434% of 1975-85 334 % Of 1978-83 33^%ofl980. 4% of 1980 ---63^% of 1982 8^% of 1984 83^% of 1988 434% of 1987-92— 43^% of 1989-94 3 ^ % of 1990 . . - -6^% of 1993 -3% of 1995 - -. 3H% of 1998 7% of 1998 - . . . - . - - - - -
Total assets.. 7,242,628. 41 905,592.73 <, 148,21a 14
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to 00
T A B L E 73.—Library of Congress trust funds, J u n e 30, 1973
[Estabhshed in accordance with provisions of the act of Mar. 3,1925, as amended (2 U,S,C, 154-161), For further details see 1941 Annual Report, p. 149]
Permanent loan account
Funds on deposit with Treasurer of the Interest at 4 percent paid by U.S. United States Treasury
Income from donated securities, etc.
Cumulative Cumulative Cumulative Cumulative June 30,1972 Fiscal 1973 June 30,1973 through Fiscal 1973 through through Fiscal 1973 through
June 30.1972 June 30,1972 June 30,1973 June 30,1973
Name of donor: Babine, Alexis V Benjamin, Wilham E . Bowker, Richard R. . . Carnegie Corporation of New York.
- $6,684.74 . 83,083.31 . 14,843.15 . 93 307.98
Coohdge, E l izabe ths . . . '.'.'.'.'.'. 804i444!26 '. Elson, Louis C . memorial fund 12,585.03 . Feinberg, Lenore B. and Charles fund 1,000.00 Friends of Music in the Library of Congress.... . 9,984.09 $375.00 Guggenheim, Daniel 90,854.22 Hanks, Nymphus Corridon 5,227.31 Hunrington, Archer M 260,577.66 Koussevitzky Music Foundation, Inc 208,099.41 208,099.41 Longworth, Nicholas, Foundation 10,691.59
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
McKim fund 141,798.60 34,645.32 176,443.92 Miher, Dayton C 20,548.18.- - 20,548.18 22,584,57 82L92 23,40a49 412,50 412.50 National Library for the Bhnd, Inc 36.015.00 36.015.00 28,34a07 l,44a60 2a78a67 PenneU. Joseph -- -- 303,25a46 . . - - 303,25a48 377,17a58 12,13a02 389,30a60 85,487.80 85,487.80 Porter, Henry K., memorial fund - 290,50a00 290,500,00 301,008,04 ll,62a00 312,628.04 25,36a03 25,36a03 Robertsfund - 62.703.75-- - . . . 62.703.75 53.113.73 2,508,16 5.5,621.89 Scala, Norman P., memorial fund -- 92,228.85-- - 92,228,85 21,053.52 3,68ai8 24,742.69 - -Sonneck memorial fund - 12,088,13 12,088.13 16,38a34 483.52 16,872,86 4,42a73 4,42a73 Stern memorial fund 27,548,58 27,548,58 8,847.77 1,101,94 9,74a 71 75.00 75.00 Whlttah. Gertrude C :
Collection of Stradivari instruments and Tourtebows -- 1,538,609.44 l,538,80a44 1,174,783.35 61,544.38 1,236,327.73 3,382.00 3,382.00
Poetryfund 414,898.20 414.698.20 167.80a38 16,587.92 184,388.30 General hterature.. . -- 393,27059 - . 393,27a59 221,743,58 15,731,18 237,474.78 2,188.26 2,168.26 Appreciation and understanding of good
literature 1.5aOOaOO 150,000.00 109,898.31 8,00a00 115,898.31 - . . . Wilbur, James B : 305,813.57 305,813.57 423,388.24 12,232.56 435,62a80 107,345.09 107,345.09 03
,—:— H Donarions and investment income 5,248,460 50 375.00 5,248.841.50 4,361.854.18 209,94a 08 4,571,803.28 1,205,384.61 59,953.27 1,265,317.88 ^ Experiditures from investment income ..r 4,054,527.28 207,847.69 4,262,374.95 a , 088,305.90 58,76a57 1,145,075.47
Balances in the accounts 5,248,460 50 2375.00 5,248,841.50 ^307,320 92 2,101.39 309,428.31 r 117,058.71 3,183.70 120,242.41 ^6 . . O •
> f Revised. NOTE.—Above table does not include $11,000 face amount UST secmities representing t^ 1 Includes income from secuiities held as investment under deed of trust dated Nov. bequest to the "Katie and Walter Louchheim Fund" donations. Also does not include •
17, 1938, administered by designated trustees including the Bank of New York. securities received from the bequest of the late Leonora Jackson McKim Estate con- !> 2 Represents unappropriated receipts. sisting of various stocks, notes, and bonds listed by the probate court at an appraised ^
or carrying value of $873,000.00. 2
H-(
X
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260 19 73 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 74.—National service life insurance fund, J u n e 30, 1973
[This trust fund was established in accordance with the provisions of the act of Oct. 8,1940 (38 U.S.C. 720). For further details, see Annual Report of the Secretary for 1941, p. 143]
L RECEIPTS AND E X P E N D I T U R E S (EXCLUDING INVESTMENT TRANSACTIONS IN FEDERAL AND NON-FEDERAL SECURITIES)
Cumulative through
June 30, 1972 Fiscal year 1973
Cumulative through
June 30,1973
Receipts: Premiums and other receipts $14,848,331, 640.09 Interest on investments 6,136,405,926.99 Payments from general fund 4,790,736,437.31
Total receipts 24,575,474,012.39 Expenditures: -
Beneflt payments, dividends, and refunds... 18,099,488,889.02
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STATISTICAL APPENDIX 261 TABLE 75.—Pershing Hall Memorial fund, June 30, 1973
(This special fund was estabhshed in accordance with the provisions ofthe act of June 28,1935, as amended (36 U.S.C. 491). For further details, see Annual Report of the Secretary for 1941, p. 155]
I. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative through
June 30, 1972 Fiscal year 1973
Cumulative through
June 30,1973
Receints: Appropriations $482,032.92 Profits on investments 5,783.21 Net increase in book value of bonds 12,000.35 Interest earned
Total receipts
Expenditures: Claims and expenses National Treasurer, American Legion..
Total expenditures
Balance .--- 214,87a 28
$482,032.92 5,783,21
12,000,35 211,308.88
711,125.36
288,629.70 207,616.38
498,246.08
$7,385.00
7,385.00
7,385,00
7,385,00
218,693,88
718,510,36
288,629.70 215, OOL 38
503,631.08
214,879,28
II. ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets June 30,1972 Fiscal year 1973
increase, or decrease ( - )
June 30,1973
Investments in pubhc debt securities: Public issues*
Treasury bonds, 33^% of 1990 Undisbursed balance -
Total assets
$2ii,ooaoo -..- $2ii,ooaoo 3,87a28 3,87a28
214,87a28 ---- ---- 214,879.28
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262 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 76.—Railroad retirement account, June 30, 1973
[This trust account was estabhshed in accordance with the provisions of the act of June 24, 1937 (45 U.S.C. 2280(a)). For further details, see Annual Report ofthe Secretary for 1941, p. 148]
L RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS IN FEDERAL AND NON-FEDERAL SECURITIES)
Cumulative Cumulative through Fiscal year 1973 through
Less refunds of taxes 2 ^ 2,385,230 60 703,894.58 3,088,934.18 Fines and penalties 1,713.47 - 1,713.47 Interestand profitson investments...- - 3,218,953,181.52 25a794,189.49 3,478,747,351.01 Payments from Federal old-age and sur
vivors and Federal disabihty insurance 3 . . . 8,699,108,000. CO 802,457, OOO 00 7,501,565,000.00 Payments to Federal hospital insurance trust
fund - -301,933,00000 -61,222,00000 -363,155,000.00 RaUroad unemployment insurance account:
Interest on advances - -.- 91,791,292.00 2,244,590 89 94,035,882.89 Repayment of advances --- - 806,051,000.00 78,909,000.00 884,960,000.00
Total receipts ^ 29,847,303, 214. 60 2, 258,666,034.49 32,105,989,249.09
•• Revised, 1 Includes the Government's contriburion for creditable mililary service under the act of Apr, 8,1942, as
amended by the act of Aug. 1, 1956 (45 U.S.C. 228c-l(n)(p)), Effecrive July 1, 1951, appropriarions ofreceipts are equal to the amount of taxes deposited in the Treasury (less refunds) under the Railroad Retirement Tax Act (26 U,S,C. 3201-3233).
2 The result of reclassification, prior to 1967 was included in "Unappropriated." 3 Pursuant to act of June 24,1937 (46 U.S.C. 228e(k)). 4 Beginning Aug. 1, 1949, paid from the trust fund under ritle IV, act of June 29, 1949 (45 U.S.C. 228p)
and subsequent annual appropriations acts.
526-680 O - 74 - 18
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264 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 77.—Railroad retirement holding account, June 30, 1973
1. RECEIPTS AND EXPENDITURES (EXCLUDING INVESTMENT TRANSACTIONS)
Cumulative Cumulative through Fiscal year 1973 through
June 30,1972 June 30,1973
Receipts: Appropriated tax collections $3,104,000 00 $638,000 00 $3,742,00a00 Interest and profits on investments 30,000.00 13,000.00 43,000,00
Total receipts 3,134,000.00 651,00a00 3,785,000 00 Expenditures:
Total investments 22,318,000.00 16,213,000 00 38,531,000 00 Undisbursed balance-- a 727,751. 98 - a 534,157.75 193,594.23
Total assets - 20,045,751.98 a878,842.25 38,724.594.23
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STATISTICAL APPENDIX 2 6 5
TABLE 79.— Unemployment trustfund, June 30, 1973
[This trust fund was established in accordance with the provisions of Sec. 904(a) Social Security Act of Aug. 14, 1935 (42 U.S.C. 1104). For further details see Annual Report ofthe Secretary for 1941, p. 145]
I. RECEIPTS AND E X P E N D I T U R E S (EXCLUDING INVESTMENT TRANSACTIONS IN FEDERAL AND NON-FEDERAL SECURITIES)
Cumulative Cumulative through Fiscal year 1973 through
June 30,1972 June 30,1973
STATE UNEMPLOYMENT ACCOUNTS Receints:
Appropriarions from general fund i $138,024,733.38 $138,024,733.38 Deposits by States 82,203,887,561. 21 $4,834,191,927.19 66,837,879,488.40 Iriterest earned:
From general fund -. - 573,457,823,79 148,297,727.02 719,755,55a 81 From employment security administra
tion account '. - 358,308,642.88 193,053,084.92 551,381,707.78 To State account --- 930,905,561.18 281,024,53a76 1,211,930,097.94
Net transfers 860,905.47 58,326,255.18 59,187,16a65
Balance 2,583,701.53 58,326,255,18 60,909.95a71
FEDERAL UNEMPLOYMENT ACCOUNT
Receipts: Appropriarions from general fund i 207,350,872.17 207,350,872.17 Interest earned:
Collected Accrued
Total receipts..
Expenditures: To Bureau of Employment Security, De
partment of Labor - - — - -
224,327,571,83 1,184,495, 57
432,842,939.57
8,070,787,08
27,325,018.79 341,607,13
27,686,625,92
251, 652,59a 62 1,508,102.70
480,509, 565,49
6,070,787, 08
Transfers: To State unemployment accounts 303,265,000,00 27,700,000.00 330,965,000.00 From State unemployment accounts 220,021,388.20 220,021,386.20 From employment security admirustration
account—reduced tax credits - 16,743,813.80 16,743,813.80 From employment security administration
Total assets 9,851,125,022.51 1,304,159,58015 11,155,284,802.86
! Amounts appropriated to the unemployment trust fund prior to enactment ofthe Employment Security Act of 1980 representing the excess of collections from Federal unemployment tax over employment security expenses (42 U.S.C. 1101(b)).
2 Represents transfer of $562.58 to Indiana, and $277.32 to West Virginia. 3 Amount transferred pursuant to Pubhc Law 88-133, approved Oct. 5, 1963 (77 Stat. 219). ^ Represents the excess in the administrative expense funds transferred pursuant to sec. 11(d) of the Rail
road Unemployment Insurance Act (45 U.S.C. 381(d)). 5 Includes $38,274,280 88 not repayable to general fund pursuant to sec. 905(a) of the Social Security Act as
amended. • 6 Excludes unappropriated receipts of $22,843,978.74. ^ Represents excess in the employment security administration account transferred pursuant to 42 U.S.C.
1102. ^ ^
IL ASSETS HELD BY THE DEPARTMENT OF THE TREASURY (ACCRUAL BASIS)
Fiscal year 1973 Assets June 30,1972 increase, or June 30, 1973
decrease (—)
Investments in pubhc debt securities: Special issues, unemployment trust fund
series, maturing June 30: Treasury certificates of indebtedness:
Total assets 9,851,125,022.51 1,304,159,58015 11,155,284,602.86
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T A B L E 79.— Unemployment trust fund, J u n e 30, 1973—Continued
I I I . B A L A N C E O F U N E M P L O Y M E N T T R U S T F U N D B Y S T A T E S A N D O T H E R A C C O U N T S A S O F J U N E 30,1972, O P E R A T I O N S I N 1973, A N D B A L A N C E J U N E 30, 1973 -^
States and other accounts Balance
June 30,1972 Operat ions in fiscal 1973
Deposi ts Earn ings Transfers Wi thdrawals
Balance J u n e 30, 1973
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W
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> Ul d S3
A l a b a m a $106,394,707.61 37,482,691.09 5,391,92a 73 Alaska 34,905,492.18 17,745,915.77 l , 8 6 5 , 2 i a 2 4 Arizona 131,468,174.95 25,238,59a 38 6,609, l i a 38 Arkansas 45,069,907.08 27,626,905.29 2,476,562.21 . Cahfornia 887,922,188.67 738,444,932.76 47,242,324.67 Colorado 103,940,752.32 19,338,000.00 5,360,982.34 Connect icu t 28,358,421.25 107,956,275.58 808.74 Delaware 22,856,084.54 18,918,074.80 1,315,933.14 Dis t r ic t of Co lumbia . 61,980,814.95 17,257,791.59 2,776,925.64 Florida : 289,482,238.76 61,407,791.00 14,800,883.99 Georgia 375,367,593.60 56,670,882.31 19,199,50a75 H a w a h 25,888,28a 40 23,924,863.75 1,149,445.69 Idaho 44,616,317.49 14,645,473.47 2,304,635.33 l lhnois 232, 895,39a 89 277,409,573.40 12,436,24a 89 I n d i a n a 303,785,731.67 74,404,677.35 15,699,674.65 Iowa 102,275,27a 15 30,488,434.93 5,207,221.55 Kansas 89,883,173.58 43,642,352.21 . 3,979,285.80 K e n t u c k y 169,911,870 30 48,150,000.00 8,525,16a 78 Louis iana . 118,360,977.77 49,396,263.23 5,592,023.91 Maine . 14,837,256.43 27,882,794.78 932,274.98 Mary land 141,284,167.53 53,676,517.00 6,531,377.08 Massachuset ts 155,035,922.90 249,550,148.09 8,883,57a 42 Michigan 341,127,764.83 340,817,837.89 19.086,852.39 Mirinesota 70,284,87a68 86,855,000.00 3,727,384.04 Mississippi 86,694,023.43 l a 705,000. 00 4,567,363.43 Missouri 224,113,084.47 65,298,004.37 11,123,931.48 Montana 22,253,608.52 9,849,115.00 1,109,814.38 N e b r a s k a 50,884,49a27 16,625,940.00 2 ,591 ,9 ia27 N e v a d a 27,061,704.78 22,961,000.00 1,324,883.86 N e w H a m p s h i r e 47,999,65a89 11,388,274.78 2,480,111,21 N e w J e r s e y 187,014,551.23 292,440,000.00 8,187,601,27 N e w Mexico 37,795,804.98 14,179,977.01 1,913,024.48 N e w York -.. 1,174,161,173.65 609,830,033.84 57,584,84a91 N o r t h Carol ina 432,743,735.95 55,550,000.00 22,129,768.61 N o r t h D a k o t a 11,711,48a28 10,196,000,00 683,39a49 Ohio 593,430, n a 28 188,061,888.07 30,410,595.89 Ok lahoma 36,940,714.37 34,716,000,00 2,033,84a96 Oregon 103,311,852,05 51 ,149 ,8 ia25 5,333,824.52 Pennsy lvan ia 646,259,021.78 274,740, OOa 00 . 28,181,23a 51 Pue r to Rico 57,002,897.21 40,225,397.27 1,939,202.75 R h o d e l s l a n d 41,523,415.86 29,907,700.00 1,775,547.54
1 498,816.80 ^ 1,345, 29a 96
2 - 1 , 2 2 a 00
2 22,840, 2
3 41,838,
1 14, 1 1,584,
1 458, 1 2,247,
4 488, 2 15,
5 - 1 ,
1
! 68, 1 1,570,
2 801, 1 50,564,
2 5,711, ! 8. 608.
! 69,544, 1 1,
! 47,922,
1 301, 2 2,
1 454, 2 1,200, 2 6,683,
! 17,40a ! 8,455,
540.70 410 50 022,36 2 i a 50 440 50. 351, 50 477, 45 945. 23 169.00 669. 25 7 i a 92 654.18 207.25 186. 50 38a 00 421.17 127.00 23a 00 022.98 092.00 ! 5.00
S o u t h Caro l ina 172,818,02a 61 34,550,000.00 S o u t h D a k o t a 20,007,897.52 3,832,000.00 Tennessee 223,992,657.88 89,057,00a00 Texas 289,202,305.90 75,105,148.89 U t a h 48,449,612.93 l a 754,000.00 V e r m o n t 8,745,801.37 7, 216,62a 04 Virginia 218,318,888.34 21,555,000.00 Washington 60,068,781.59 120,918,781.92 West Virginia 105,798,072.39 22,641,000.00 Wisconsin . . . 281,780,704.73 83,178,153.01 W y o m i n g . . . : - 20,320,694.99 3,856,475.11
Subto ta l s - 9,068,098,174.54 4,834,191,927.19
Rai l road u n e m p l o y m e n t insurance accourits: Benefits and refunds 3,596,258.34 Admin i s t r a t i ve expense fund 6,076,315.11
Federa l u n e m p l o y m e n t accourit 510,893,708.86 . E m p l o y m e n t securi ty admin i s t ra t ion account 258,278,922.09
E x t e n d e d u n e m p l o y m e n t compensat ion accourit 2,583,701.53 •
Sub to ta l all accounts 9,849,325,080.47 6,123,053,808.85 494,218,934. 57
Balances of transfers to other agencies: Rai l road u n e m p l o y m e n t insurance accounts :
Benefits a n d refunds 833,118.71 . . . Admin i s t r a r ive expense fund 158,915.48
E m p l o y m e n t secur i ty admin i s t ra t ion account 1,009,907.85
T o t a l as shown in pa r t s I and I I -... 9,851,125,022. 51 6,123,053,808.65 494,218,934.57
1 A m o u n t s transferred under P u b l i c Law 91-373 a n d P u b h c L a w 92-224, 2 Inc ludes a m o u n t s transferred u n d e r P u b l i c L a w 91-373 a n d P u b h c L a w 92-224 a n d
a m o u n t s returried from Sta tes and r e imbursed to t h e E x t e n d e d Unemplo jmien t Compensa t ion Accoun t u n d e r P u b h c L a w 91-373.
3 Inc ludes $19,938,022.38 transferred unde r P u b h c L a w 91-373 and P u b l i c L a w 92-224 a n d $21,700,000 transferred u n d e r T i t l e X I I , Sectiori 1201 of t h e Social Secur i ty Act .
4 Inc ludes $488,347.34 transferred u n d e r P u b h c L a w 91-373 a n d Pub l i c L a w 92-224, $199 r e tu rned b y S ta te a n d re imbursed to t h e E U C A u n d e r P u b l i c L a w 91-373, and $582.58 transferred due to excess receipts in p a y m e n t of 1958 Act .
5 A m o u n t s r e tu rned from Sta tes a n d re imbursed to t h e E U C A u n d e r P u b h c L a w 91-373,
6 Includes $21,923,487.66 transferred u n d e r P u b h c L a w 91-373 and P u b h c L a w 92-224 and $6,000,000 transferred u n d e r T i t l e X I I , Section 1201 of t h e Social Securi ty Ac t .
7 Includes $114,090,257.76 transferred u n d e r P u b h c L a w 91-373, $179,462,705.83 t r ans ferred unde r P u b h c L a w 92-224, $27,700,000 transferred u n d e r T i t l e X I I , Secrion 1201 of t he Social Securi ty Act , $839.90 transferred due to excess receipts in p a y m e n t of 1958 Act , a n d $1,149,231.35 r e t m n e d from Sta tes a n d re imbursed to t h e E U C A unde r P u b h c L a w 91-373.
8 A m o u n t transferred from R a i h o a d U n e m p l o y m e n t Admin i s t r a t ion Account in to Rai l road Unemplo jonen t Insu rance Account .
9 Inc ludes advances from Rai l road Re t i r ement Board of $34,599,000 and r e p a y m e n t of advances of $78,909,000.
10 Includes p a y m e n t of in te res t on advances from Rai l road Re t i r emen t Board of $2,244,583.89.
11 Inc ludes $193,053,084.92 transferred from E m p l o y m e n t Securi ty A d m i n i s t r a t i o n Account in to the E U C A , a n d $839.90 transferred due to excess receipts in p a y m e n t of 1958 Act ,
12 Inc ludes $193,053,064.92 trarisfen-ed from E m p l o y m e n t Securi ty Adn i in i s t r a t ion Account , $33,588,780.88 advanced from General F u n d under Pub l i c L a w 91-373, $118,-386,346.28 advanced from General F u n d under P u b h c L a w 92-224, $3,142,867.81 r e t u r n e d b y Sta tes u n d e r P u b h c L a w 91-373, a n d $9,385,559.02 re tu rned b y Sta tes u n d e r P u b h c L a w 92-224.
13 Inc ludes $114,090,257.76 transferred to Sta tes unde r P u b h c L a w 91-373, $179,462,705.-83 transferred to Sta tes u n d e r P u b h c Law 92-224, $426,152.78 r e t u r n e d b y Sta tes a n d transferred to General F u n d u n d e r P u b l i c L a w 91-373, a n d $5,211,247.34 r e t u r n e d b y Sta tes and transferred to General F u n d under Pub l i c L a w 92-224.
to
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272 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 80.— U.S. Government life insurance fund, June 30, 1973
[This trust fund operates in accordance with the provisions of the act of June 7,1924, as amended (38 U.S.C. 755). For further details, see Annual Report of the Secretary for 1941, p. 142]
L RECEIPTS AND E X P E N D I T U R E S (EXCLUDING INVESTMENT TRANSACTIONS)
Receipts: Premiums and other receipts Interest and profits on investments - -Payments from general fund i
Total receipts -- -- --Expenditures:
Benefit payments, dividends, and refunds..
Balance . - .
Cumulative through June 30,
1972
$2,167,289,504. 84 1,458,860,005.38
103,399.83
3, 626,252,9ia 05
2,908,057,744.25
720,195,165. 80
Fiscal year 1973
$7,963,163.26 31,052,745.68
49,777. 99
39,085,686. 93
66,253,026. 40
-27,187,339.47
Cumulative through June 30,
1973
$2,175,252,668.10 1,489,012,751.08
153,177. 82
3,665,318,596.98
2,972,310,77a 65
693,007,826.33
II. ASSETS HELD BY THE DEPARTMENT OF THE TREASURY
Assets
Investments in pubhc debt securities: Special issues, U.S. Government hfe in
surance fund series, maturing June 30: Treasury notes:
534% of 1975 -8% of 1976 -7^% of 1977 5A% of 1978 534% of 1979 634%jOf 1980 -
Treasury bonds: 3M%ofl973 -3 ^ % of 1973 33^% of 1974.. . -3^'%ofl974 SH% of 1975 3>^%ofl976- . 35^%, of 1976 -33^% of 1977 3 ^ % of 1977. 3 ^ % of 1978 -.- - . 434% of 1978.... - . 434% of 1979
T A B L E 82.—Carriers and persons arriving in ihe United Staies, fiscal years 1972 and 1973 i
Type of entrant 1972 1973 Percentage increase, or decrease (—)
Carriers arriving: Vessels entering direct from foreign ports 46,421 50,928 Vessels entering via U.S. ports 2 . . . (31,616) (38,955) Ferries : 59,148 63,806 Commercial planes - 188,798 212,979 Commercial planes entering via U.S. ports 2 (20,078) (17,889) Military plaries—- 36,801 30,886 Privateplanes 100,476 107,477 Other ground vehicles 86,820,254 69,667,824 Freight carrier vehicles 3,516,710 3,704,834
Total carriers 70,788,606 73,838,532
Persons arriving on: Vessels •-- 806,328 873,489 Ferries --- 1,633,374 1,612,775 Commercial planes - 12,936,354 14,622,264 Commercial planes via U.S. ports 202,956 228,147 Military planes -- -- 1,147,853 860,930 Privateplanes : . 253,115 278,062 Ground vehicles and by foot— 219,795,300 233,177,503
Total persons..-- -- - ---- - . . 236,775,280 251,653,170
a 7 10 9 7.9
12.8 - i a 9 -101
7.0 4.3 5.3
4.3
8.3 - 1 . 3 13.0 12.4
-25.0 a 9 a i a 3
1 Excludes Puerto Rico and the Virgin Islands. 2 Not included in totals, already counted under entering vessels and commercial planes from foreign ports.
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274 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 83.—Aircraft and aircraft passengers entering the United States, fiscal years 1972 and 1973
Regions and distr icts Aircraft
1972 1973
Aircraft passengers
1973
Percentage increase, or
decrease (—)
Aircraft Passengers
Bos ton region: Dis t r ic t offices:
Bos ton - - 10,308 Br idgepor t 668 Buffalo - 8,080 Ogdensburg - - 1,347 Por r iand , Me 4,109 Providence 203 St. Albans 2,985
To ta l Boston region 27,696
N e w York region: Area offices:
N e w Y o r k Seaport 1,508 J F K A i r p o r t — - 52,333 Newark - 1,559
T o t a l N e w York region 55.400
Bal t imore region: Dis t r ic t offices:
Ba l t imore 1,966 Norfolk 891 Ph i lade lph ia - . - - - - - 10,485 Washington, D . C 2,963
To ta l Bal r imore region 16,305
Miaini region: Dis t r ic t offices:
Charleston, S.C - 2,188 Miami 69,001 S a v a n n a h 747 T a m p a - 3,083 Wilmington, N . C 711
Sub to ta l Miami reg ion . - - 75,710 St. T h o m a s , V . I . - 12,172 San J u a n , P . R 65,988
To ta l Miami region 153,850
N e w Orleans region: Dis t r ic t offices:
Mobile - 181 N e w Orleans 2,836
T o t a l N e w Orleans region 2,997
Hous ton region: Dis t r ic t offices:
E l Paso 3,583 Galves ton 332 Hous ton 4,451 Laredo 15,000 P o r t A r t h u r 6
T o t a l H o u s t o n region 23,372
10,512 819
12,885 1,358 4,333
238 2,897
445,858 30,897
1,131,881 2,533
171,589 12,146
635,683
500,268 65,137
1,210,224 2,415
133,810 8,571
833,228
33,040 2,430,565 2,553,653
1,759 59,320 1,762
291,867 4,509,395
972
256,208 5,014,422
2,071
62,841 4,802,234 5,272,701
1,425 798
9,813 3,499
85,484 18,647
488,514 220,466
82,701 14,993
488,048 285,823
15,535 813,111 851,565
2,076 75,528
1,311 3,230
61,484 1,779,790
39,748 30,145
9,724
73,787 1,911,803
71,084 44,045 16,179
83, on 12,257 72,680
1,920,871 267,626 898,238
2,116,878 272,839 945,457
167,948 3,086,733 3,335,174
184 2,867
1,545 133,878
1,892 132,794
3,031 135,421 134,486
2.0 23.0 59.5 a 8 5.5
i a 3
- 2 . 9
19.3
lao 13.4 13.0
13.4
- 2 7 . 5 - i a 4
- 0 4 18.1
- 4 . 7
- 4 . 2 0 5
75,5 4,8
21,8
a 6 0.7
i a 2
a 2
1,9 1.1
1.1
12.2 i i a 8
a 9 - 4 . 7
- 2 2 . 0 - 2 9 . 4 - a 4
5,1
- 1 2 . 2 11,2
113,1
- 3 , 3 - 1 9 , 6
- a i 2 a 8
4.7
2 a 0 7,4
78,8 4 a 1 6 a 4
i a 2 1,9 5,3
a 5 -a 8
- a 7
4,150 201
6,289 14,674
7
52,095 337
183,393 216,424
65
72,127 538
297,347 201,897
30
15.8 - 3 a 5
4L3 -2 .2 10 7
38,5 5a 6 62.1
- a 7 -53,8
25,321 452,314 571,939 8.3 2 a 4
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STATISTICAL APPENDIX 275 T A B L E 83.—Aircraft and aircraft passengers entering the United States, fiscal years
1972 and 1973—Contmued
Regions and districts Aircraft
1972 1973
Aircraft passengers
1972 1973
Percentage increase, or
decrease (—)
Aircraft Passengers
Los Angeles region: District offices:
Los Angeles - . - 10,444 Nogales - - 5,914 San Diego - 11,323
Total Los Angeles region 27,681
San Francisco region: District offices:
Anchorage 12,107 Great Falls - 3,907 Honolulu - -.- 13,766 Portland, Oreg - 1,047 San Francisco 10,225 Seattle --- 15,414
Total San Francisco region 56,466
Chicago region: District offices:
Chicago - 11,481 Cleveland - a 678 Detroit --- 5,843 Duluth --- a 927 Milwaukee - - 608 Minneapohs - - 1,131 Pembina. . - 4,311 St. Louis 469
Total C hicago region 40,446
Grand total excluding St. Thonias and San Juan 326.073
Grand total including St. Thomas and San Juan 404,213
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276 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 84.—Seizures for violations of laws enforced by Customs, fiscal years 1972 and 1973 i
Seizures 1972 total
1973
Joint Seizures by Seizures by seizures by Total Custonis other Customs and
agencies other agencies
Aircraft: Number of seizures 58 58 Value $6,322,555 $2,714,275
Automobiles (including campers, vans, etc.):
Number of seizures 5,876 8,701 Value $7,386,956 $12,383,781
Boats: Number of seizures 81 86 Value.-.-- $18,159,526 $42,134,155
Liquor: Number of seizures 9,362 10,742 Value - . . . $302,236 $375,421
Number of seizures '•13,424 21,984 Value 2 $7,830,696 $432,300,000
Prohibited articles: Number of seizures 19,658 22,195 Value . . . . ' . . . $607,347 $415,726
Trucks: Number of seizures 560 483 Value $1,533,812 $1,803,217
Other: Number of seizures 15,717 11,407 Value $18,201,220 $17,220,435
Grand total: Number of seizures '•84,538 75,836 Value $60,344,348 $509,347,010
189 $372,070
7 $125
30 $1,164
15 $26,960
2,215 $65,372
2,456 $465,891
1 $7,000 .
501 $782,758
85 $1,477
72 $15,844
52 $103,406
791 $344,264
1,502 $1,254,549
59 $2,721,275
9,391 $13,538,809
86 $42,134,155
10,834 $377,023
21,964 $432,300,000
22,297 $432,534
550 $1,933,583
14,413 $17,630,071
79,594 $511,087,250
'• Revised. 1 Includes Puerto Rico and the Virgin Islands, 2 Value of seized narcotics for fiscal year 1972 is incomplete.
TABLE 85.—Investigative activities, fiscal years 1972 and 1973
Activity Number of
1972
849 153
1,111 20,229 1,384 2,984 241
1,222 957
2,229 2,187 1,570 437 211
2,357 126 738 176 215 268 250 1
cases
1973
436 152
1,260 20,421 1,055 3,752 147 759 565
3,092 2,857 453 135 251
2,764 202 872 127 155 823 175 3
Percentage increase, or decrease (—)
-32.8 -ai 13.4 a 9
-23.8 20 6
-3a 0 -37,9 -41.0 38,7 22.6
-71,1 -6a 1 lao 17.3 80 3 18.5
-27.8 -27.9 20a4 -30 0 200 0
Drawback Classification Market value Smuggling, narcotics Smugghng, all other Undervaluation, false invoicing, etc Prohibited importations Navigation, aircraft, and vehicle violations, OC&R Baggage declarations Custonis brokers, cartmen, andhghtermen.. Petitions for relief Personnel Customs procedure Collection of duties and penalties Cooperation with other agencies Neutrahty PUferages and shortages Export control Federal tort claims ..^ Miscehaneous Dumping Countervaihng duties .
Total 39,851 40,258
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STATISTICAL APPENDIX 277
Engraving and Printing Operations
T A B L E 86.—New postage stamp issues delivered, fiscal year 1973
Issues Number of
Denomina- stamps dehvered tions (in thousands)
Commemoratives: Colonial American Craftsman Mt. McKjnley (National Parks) Olympic Games Olympic Games Olympic Games Oljonplc Games Parent-Teachers' Association Wildhfe Conservation. Mail Order Business Osteopathic Medicine. Tom Sawyer -Pharmacy - - - - -Stamp Collecting Love - -Pamphleteer (Rise of the Spirit of Independence) George Gershwin (American Arts) -Posting a Broadside (Rise of the Spirit of Independence)-Nicolaus Copernicus Harry S. Truman Memorial -Post Rider (Rise of the Spirit pf Independence) -.
Special: Christmas—Series 1972 (Saint Lucy Legend) Christmas—Series 1972 (Santa Claus) Postal People -
Ordinary: Benjamin Frankhn Amadeo Glannlnl - -
Aerogramme: World Hot Air Balloon Championships --
Bonds, notes, bills, certificates, and debentures: Bonds:
Treasury - - . . 679,963 401,724 21,531,350,000 Government National Mortgage Association—mort
gage backed -- 33,139 11,033 1,092,500,000 Consolidated Federal farm loan bonds (the 12
Federal land banks) - 230,831 158,241 4,413,400,000 Consolidated of the Federal home loan banks 19,585 8,753 412,500,000 Consohdated obhgations of the Federal home loan
Postal insurance booklets -- 366,600 287,100 57,420 150 U.S. aerogrammes - -. 58,587,318 40,283,578- 6,042,525 Federal migratory bird hunring 8,673.240 411,000 2,055,000 Canal Zone postage..-- - 9,967,200 2,334,000 411,120 Food coupons --.._. 1,885,083,292 1,892,848,703 3,851,379,930 Food certificates 4,575,000 3,330,000 832,500 Obsolete stock authorized for destruction by the:
Puerto Rican Internal Revenue 288,400 58,700 Internal Revenue Service 16,335,710 35,500 U.S. Postal Service 233,097,800 1,315,000 U.S. Department of Agriculture - 3,155,812 -
Total - - 31,844,143,674 31,384,438,871 6,188,800,459
Cards, cerrificates, etc., to office of issue - 8,598,950 7,815,136 .
Grand total-.. ---- - 34,984,926,721 34,542,043,249 212,778,715,459
TABLE 88.—Statement of financial condition June 30, 1972 and 1973
June 30, 1972 June 30, 1973
ASSETS Current assets:
Cash with the Treasury $5,415,899 $9,768,082 Accounts receivable - 4,912,786 3,907,104 Inventories! 10,996,392 11,719,771 Prepaid expenses. --- 140,194 117,619
Total current assets 21,485,271 25,512,578
Plant and equipment 2. _ 33,846,150 335,995,283
Less accumulated deprecrarion 4.. 22,429,075 23,934,423
Net plant and equipnient. - 11,417,075 12,060,860
Deferred charges --- 79,758 59,501 Total assets 5 32,962,104 37,632,937
Footnotes at end of table.
526-680 O - 74 - 19
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280 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 88.—Siatement of financial condiiion June SO, 1972 and 1973—Con.
June 30,1972 June 30, 1973
LIABILITIES AND INVESTMENT OF THE U.S. GOVERNMENT
Liabihties: Accourits payable - $1,259,747 $1,426,760 Accrued hablliries 6 ---- 6,738,929 7,851,757 Trust and deposit liabihties 225,722 261,727 Advance from the Department of Agriculture ^ 1,000,000 1,000,000 Deferred credits --- 10 79
Total habilities 8... . 9,224,408 10,540,323
Investment of the U.S. Government: Appropriation from U.S. Treasury a250,000 9,250,000 Donated assets, ne t . . . 18,044,989 18,044,969 Accumulated earnings, or deficit ( - ) « . -557,273 -202,355
Total investment of the U.S. Government ". 23,737,898 27,092,814
Totalhabihtiesandinvestmentof the U.S. Goverriment 32,962,104 37,832,937
1 Finished goods and work in process inventories are valued at cost, including administrative and service overhead. Except for the distinctive paper which is valued at the acquisition cost, raw materials and stores inventories are valued at the average cost of the materials and supplies on hand.
June 30, 1972 June 30, 1973 Finished goods $3,853,838 $4,279,918 Workin process - -- 4,045,214 4,185,467 Raw materials -.-- 1,523,534 1,556,977 Stores. - - 1,773,806 1,697,409
2 Machinery and equipment, furniture and fixtures, office machines and motor vehicles acquired on or before June 30, 1950, are stated at appraised values as at that date. Additions since June 30, 1950, and all building appurtenances are valued at acquisition cost, Constniction in progress on June 30, 1973, consists of $1,402,017 related to the acquisirion of a postage stamp prinring press, and $317,608 for various items of machinery, equipment, and building appurtenances.
June 30, 1972 June SO, 1973 Machinery and equipment.- - --.- $26,133,717 $28,187,942 Motor vehicles 160,896 153,111 Office machines -- 368,518 389,968 Furniture and fixtures - 574,278 '584,446 Building appurtenances - 4,885,279 4,980,193 Construction in progress 1,925,464 1,719,612
3 Includes $13,570,488 worth of fully depreciated assets still in use. The amounts by class are: Machinery and equipment, $10,511,938; motor vehicles, $21,813; office machines, $187,178; furniture and fixtures, $245,065; building appurtenances, $2,804,698.
4 Depreciation is computed under the straight-line method. The depreciation rates used are based on the following useful lives: 6 to 30 years for machinery and equipnient, 8 to 20 years for motor vehicles, 10 years for office machines, 20 years for furniture and fixtures, and 3 to 20 years for building appurtenances.
5 The act that established the Bureau of Engraving and Printing Fund specifically excluded land and buildings costing about $9 mUlion from the assets of the fund. Also excluded are appropriated funds of about $7,184,000 for extraordinary uncapitalized building repairs and air conditioning.
<5 The accrual for constructive receipts is the estimated value of work performed by contractors to special specification, which had not been delivered to or accepted by the Bureau as at the statement date. For June 30,1973, the offsetring entries are to raw materials, $113,147; stores, $40,522; fixed assets under construcrion, $1,402,017; and work in process, $288,000,
June 30, 1972 June 30, 1973 PayroU - - $1,425,731 $3,018,304 Accruedleave 2,348,971 2,467,476 Constructive receipts --- 2,447,514 1,843,686 Other - 518,713 522,291
7 In December 1970 the Department of Agriculture provided a monthly revolving advance of $1 milhon to be apphed against deliveries of food coupon books to that agency,
3 Outstanding commitments with supphers for unperformed contracts and undelivered purchase orders totaled $4,150,861 as of June 30, 1973, A lease agreement for the rental and maintenance of a closed circuit television system provides for payments averaging about $93,700 annually through March 1977 and $42,400 for the period from April 1,1977, to March 31,1078. At the end of payment the Bureau wih assume ownership of the equipment. Under the agreement, the Bureau could be hable for a termination charge ifitsuspends or discontinues making rental payments. This charge was computed at $74,600 as of June 30,1973. The Bureau has no plans to suspend or discontinue the system.
9 Customer agencies make payment to the Bureau at prices deemed adequate to recover costs. Because of variations between prices charged and actual costs, the Bureau could earn a profit or incur a loss in any fiscal year. All profit is to be paid into the general fund of the Treasury except that required to offset any accumulated loss from prior years' operations.
NOTE.—No aniounts are included in the accounts for (1) interest on the investment of the Goverriment in the Bureau of Engraving and Prinring Fund, (2) depreciation on the Bureau's buildings excluded from the assets of the fund, and (3) costs of certain services performed by other agencies for the Bureau, such as check preparation and external audit.
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STATISTICAL APPENDIX 2 8 1
TABLE 89.—Statement of income and expense, fiscal years 1972 and 1973
Income and expense 1972 1973
Operating revenue: Sales of engraving and printing $60,494,870 $67,228,535
Operating costs: Cost of sales:
Direct labor 24,164,987 25,063,451 Direct materials used 8,395,083 8,280,372 Contract printing (food coupons) 4,101,240 6,377,334
Prime cost 38,661,310 39,721,157
Overhead costs: Salaries and indirect labor 18,950,416 18,184,929 Factory supplies 2,379,902 2,266,357 Repair parts and supphes 592,522 555,515 Employer's share personnel benefits 3,283,212 3,584,738 Rents, communications, and utUities 1,287,926 1,371,624 Otherservices 920,214 1,155,158 Depreciation and amortization 1,683,048 1,642,498 Gains (—) or losses on disposal or retirement of fixed assets..- 55,920 64,552 Minor equipment 323,557 272,382 Transportation of things.-- 284,829 264,215 Sundry expense (net) 23,980 30,210
Total overhead 27,785,506 29,372,174
Total costs 64,426,816 69,093,331
Less: Nonproduction costs:
Shop costs capitahzed -- - 489,419 478,525 Cost of miscellaneous services rendered other agencies 908,072 957,557
1,377,491 1,434,082
Cost of production - - . . . 63,049,325 67,659,249 Net increase (—) or decrease in finished goods and work in process inven
tories from operations -2,288,178 -766,333
Cost of sales 80,781,147 68,892,916
Operating profit, or loss ( - ) -266,277 335,619
Nonoperating revenue: Operation and maintenance of incinerator and space utilized by other
agencies.. - . . . 745,237 818.224 Other direct charges for miscellaneous services 160,697 158,832
905,934 • 976,856
Nonoperating costs:
Cost of miscellaneous services rendered other agencies 908,072 957,557
Nonoperaring profit, or loss ( - ) -2,138 19,299
Net profit, or loss ( - ) for the year • -288,415 354,918
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282 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 90.—Comparative statement of changes in financial position, fiscal years 1972 and 1973
Funds provided and applied 1972 1973
Funds provided: Sales of engraving and printing $80,494,870 $87,228,535 Operation and maintenance of incinerator and space utihzed by other
agencies 745,237 818,224 0 ther direct charges for miscellaneous services 160,897 158,632
Total 81,400,804 68,205,391 Less cost of sales and services (excluding depreciation and other charges not
1,470,553 2,061,968 Sales of surplus equipment. - 988 2,579 Increase in appropriated capital - 3,000,000 3,000,000
Total funds provided ---- 4,471,541 5,064,545
Funds applied: Acquisition of fixed assets --- --- 2,345,441 2,312,131 Acquisition of experimental equipment; and plant repairs and alterations
to be charged to future operations 950 21,024 Increase in working capital 2,125,150 2,731,390
Total funds apphed - 4,471,541 5,064,545
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STATISTICAL APPENDIX 283
International Claims
TABLE 91.—Status of Class I I I awards of the Mixed Claims Commission, United States and Germany, and Privaie Law 509 as of June 30, 1973
Description Class JII Private Law 509,
awards—over approved July 19, $100,000 1940
$160,000.00
""H'OOO.'OO
178,192.02
402,192.02
AWARDS i Principal of awards $117,387,252.24
Less amounts paid by Ahen Property and others 268,072.77 . Interest to Jan. 1,1928, as specified In awards 53,245,392.03 Interest thereon to date of pajonent or, if unpaid, to June 30,1971, at
5 percent per annum, as specified in the Settlement of War Claims Act of 1928 81,526,247.28
Total due claimants 251,892,818.78
PAYMENTS Principal of awards 82,764,233.89 Interest to Jan. 1,1928 53,245,392.03 Interest at 5 percent from Jan. 1,1928, to date of payment 81,415,804.38
Total payments 2 217,425,43a 28
BALANCE D U E Principal of awards 34,356,945.58 Accrued Interest from Jan. 1,1928, through June 30,1973 110,442.92
Balance due claimants 34,487,388.50
Total reimbursement for administrative expenses 3 1,087,159.62
108,720.24 84,000.00
175,890 26
348,610.50
51,279, 76 2,301, 76
53,581,52
1,743,13
1 Excludes Class I awards (on account of death and personal injury) which have been paid in full and also Class II awards on which there remain balances totaling $42,830,84. For details concerning all classes of awards, including claims of U.S. Government, see 1962 Annual Report, pages 138 and 826.
2 Amounts shown are gross; deductions for administrative expenses are shown below (see footnote 3). 3 Deductions of M of 1 percent are made from each payment to cover administrative expenses. These
amounts arc covered into the Treasury as miscellaneous receipts.
NOTE.—On Feb. 27,1953, the German Govermnent agreed to pay $97,500,000 (U.S. doUars) over a period of 26 years in full settlement of Germany's obhgarions on account of Class I I I awards and the award under Private Law 509. Through June 30, 1973, $77,600,000 has been obhgated for payment to awardholders. On Apr. 30, 1970, an additional $32 milhon was received from the Government of Germany and deposited into a special account on behalf of the Deutsche Bundesbank. Each year, on April 1, through 1978, $4 milhon will be transferred from the Deutsche Bundesbank account into the German deposit fund for distribution to awardholders.
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00
TABLE 92.—Status of claims of American nationals against certain foreign governments as of June 30, 1973 ^ o y ^
o Bulgaria Hungary Romania Poland War claims fund Yugoslavia Italy
Awards certified to the Treasury: ^ Number of awards - 244 1,302 872 7,383 i8,793 659 728 S Amount of awards: H
Amounts avaUable for payment on awards 3,058,234.49 2,237,737.96 22,538,725.68 25,500,000.00 235,600,000.00 3,401,132.75 4,750,000.00 S3 Payments on awards: yA
^ t^ 1 Private Law 91-88. 3 Statutory deductions of 5 percent made by the Foreign Claims Settlement Com. 2 Pubhc Law 90-241 amended the International Claims Settlement Act of 1949 to . mission prior to the funds being transferred to Treasury. ^
permit the 5-percent deduction to be made from the installment payments made imder * includes both principal and interest. g the claims agreements, rather than from each payment to awardees. ^
. • - U l
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STATISTICAL APPENDIX 285
International Financial Transactions
T A B L E 93 .— U.S. net inonetary gold transactions wiih foreign countries and international institutions, fiscal years 1945-73
[In millions of dollars at $35 per ounce to May 8, 1972, and at $38 per ounce thereafter. Negative flgures represent net sales by the United States; positive flgures, net purchases]
1945-68 1969 1970 1971 1972 1973
Afghanistan Algeria Argent ina Austral ia - -Aust r ia B a n k for In te rna t iona l Settle
m e n t s Belgium - -Bohvia i . . B r a z i l . . B u r m a Cambod ia Cameroon R e p u b h c Canada Centra l African Republ ic Ceylon Chad Chile Colombia Congo (Kinshasa) Costa Rica . C y p r u s D a h o m e y D e n m a r k Domin ican Republ ic E cuador E l Salvador E thlopia F in l and France . . Gabon : . . . Germany , Federa l Republ ic o f . . . G h a n a Greece Guinea . Hai t i H o n d u r a s Iceland Indonesia In te rna t iona l B a n k In te rna t iona l Monetary F u n d i I r an , I r aq I re land Israel . . . I t a ly I v o r y Coast J ama ica J a p a n Jo rdan Korea K u w a i t Laos Lebanon Liberia Malagasy Malaysia • Mah Mal ta Maur i t an ia
Morocco N e p a l - - - - --Ne the r l ands N e w Zealand . Nicaragua --Niger N i g e r i a . . -N o r w a y
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286 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 93.— U.S. net monetary gold transactions with foreign countries and international institutions, fiscal years 1945-73—Continued
P h i h p p i n e s -Po r tuga l R e p u b l i c Of Congo ( B r a z z a v i h e ) . . R w a n d a S a u d i Arab ia -S enegal - -Singapore S omal ia S o u t h Africa. S o u t h e r n Y e m e n -S p a i n S u d a n S uri n a m - -S weden - - - -S wi tzer land -S yr ia T o g o ---T r i n i d a d a n d Tobago T u n i s i a - - . -T u r k e y -U n i t e d A r a b R e p u b h c U n i t e d K i n g d o m U p p e r Vol ta --U r u g u a y Va t i can Ci ty Venezuela - -V i e t n a m Y e m e n A r a b R e p u b h c Yugoslavia A n o t h e r
To ta l -
1945-68
81.0 - 4 1 . 6
- 1 . 0 - 1 , 1
- 8 a 2 - 2 . 5 --
- 5 3 . 0 - 3 . 4
1,121.3 --
- 6 9 4 . 4 . . - 1 2 . 2 - 1 1 . 5 227.7 . .
- 9 7 2 . 7 - 2 a 5 - 1 . 1 --- 4 . 8 - .
- a i - 5 . 4
- 1 5 5 . 8 --- 1 , 9 9 a 8
- 1 . 1 - 4 . 5 . -
3.9 --- 3 8 5 . 9 --
- 1 . 6 --
—33.'i " - 1 8 a 7
- 8 , 0 4 7 , 7
1989
33.8 - 5 . 0 . . - . 1 - . 1
- 2 5 . 0 - .
- i a 7 . . - . 1 . -
- 1 . 2 . .
" ' - i . ' s ' " " 5.0
- 2 5 , 0 . . - . 4
- . 7 3.0
15.0 . . - . 1
- 3 . 1
47a 8
1970
lao
- . 1 - . 1
" " ' • - i . ' e ' 5.0 -
. . - , i
- . 8 - 1 3 , 0
- . 6
- . 1 - i a 2 . .
1.2 .
- 1 . 5 - 1 . 7 - . 4
735.7
1971
- a 3
- . 3 . -- 1 . 1 . .
- . 7 . .
- 1 . 8 . . 5a 8 . .
- 2 . 4
- 1 7 5 . 0 - 3 . 2 . .
- . 9 . . - 4 . 8 . . - . 8 15.1 . -
- 3 . 9 --
- . 7 --
- 5 . 8 --- . 5 --
- 1 4 . 9 --- 1 1 8 . 8 --
- 1 , 3 8 2 . 4
1972 1973
- . 8
- 3 0 . 0
—.5
-5ao -.
(*)
- 2 . 0
-- . - 3 . 4
- 8 4 4 . 9 - 3 . 4
•Less than $50,00a 1 Includes U.S. gold subscription payments of $887.5 million in 1947, $343.8 million in 1959, $258.8 mihion
in 1985, and $385.0 million in 1970. Prior to 1981, includes gold purchases by IMF on behalf of member countries for their payments to IMF. From September 1965 through June 1969 and from October through December 1970, includes net deposits and sales of gold made by IMF in order to mitigate U.S. gold sales relating to members' quota increases.
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STATISTICAL APPENDIX 287
TABLE 94.— U.S. reserve assets, fiscal years 1958-73
614,049 13,529 13,169 10,681 11,153 11,889 10,507 10,490 10,487 i a 4 9 0 10,488 10,487 10,487 i a 4 8 7 10,487 10,487 10,487 10,487 i a 4 8 7 i a 4 8 7 10,487
913,934 . 13,433 . 13, n o . 10,367 . 10,367 . 11,387 10,332 10,410 10,410 10,410 10,410 10,410 10,410 10,410 10,410 10,410 10,410 i a 4 i o i a 4 i o 10,410 10,410
Reserve Special Convertible position in
drawing foreign International rights 3 currencies * Monetary
1 Includes gold sold to the United States by the International Monetary Fund with the right of repurchase, and 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 Includes gold In Exchange Stabilization Fund, which Is not Included in Treasury gold figures shown in dally Treasury statement.
3 Includes Initial ahocatlon on Jan. 1,1970, of $867 milhon, second allocation on Jan. 1,1971, of $717 million, and third allocation on Jan. 1,1972, of $710 milhon of special drawing rights (SD R's) in the Special Drawing Account in the Internarional Monetary Fund, plus or minus transactions in SDR's.
4 Includes holdings of Treasury and Federal Reserve System. 5 The Uru ted States has the right to purchase foreign currencies equivalent to its reserve position In the
Fund automatically if needed. Under appropriate conditions the Uru ted States could purchase additional amounts equal to the U.S. quota, which amounted to $7,274 milhon as of June 30,1973.
8 Reserve position includes, and gold stock excludes, $259 milhon gold subscription to the Fund in June 1985 for a U.S. quota increase which became effective on Feb. 23,1966. In figures pubhshed by the Fund from June 1985 through January 1966, this gold subscription was included in the U.S. gold stock and excluded from the reserve position.
7 Includes gain of $67 milhon resulting from revaluation of the German mark in October 1969, of which $13 milhon represents gain on German mark holdings at time of revaluation.
8 Total reserve assets Include Increase of $1,016 milhon resulting from change In par value of the U.S. dollar on May 8,1972, consisting of $828million total gold stock, $155million SDR's, and $33 million reserve position in the International Moiietary Fund.
9 Includes $28 mihion increase in dohar value of foreign currencies revalued to reflect market exchange rates as of Dec. 31,1971.
10 Dollar equivalents not revalued to reflect change in par value of the dollar, effective Oct. 18,1973.
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T A B L E 95.— U.S. liquid and other liabilities io foreign official institutions, and liquid liabilities to all other foreigners, 1958-73
1 Includes liability on gold deposited by the International Monetary Fund (IMF) to mitigate the impact on the U.S. gold stock of foreigri purchases for gold subscriptions to the Fuird urider quota increases, and U.S. Goverriment obhgations at cost value and funds awaiting investment obtained from proceeds of sales of gold by the IMF to the Uriited States to acquire income-earning assets.
2 Includes Bank for International Settlements and European Fund. 3 Derived by applying reported transactions to benchmark data; breakdown of trans
actions by type of holder estimated 1960-63. Includes securities issued by corporations and other agencies of the U.S. Government which are guaranteed by the United States.
4 Includes long-term liabUities reported by banks in the United States and debt securities of U.S. federally sponsored agencies and U.S. corporations.
5 Excludes notes issued to foreign official nonreserve agencies. 6 Includes short-term liabihties payable in dollars to foreign bariks, and short-term
liabilities payable in foreigri currencies to foreign banks and to "other foreigners." . 7 Includes marketable U.S. Government borids and notes held by foreign banks.
8 Principally the International Bank for Reconstruction and Development, the Inter-American Development Bank, and the Asian Development Bank.
9 Includes total foreigri holdings of U.S. Government borids and notes, for which breakdown by type of holder is not available.
10 Not available. 11 Data on the two hnes shown for this date differ because of changes in reporting
coverage. Figures on the flrst hne are compai'able in coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date.
12 Includes $101 million increase in dohar value of foreign currency habihties resulting
from revaluation of the German mark in October 1969, as follows: liquid $17 mihion; other $84 mihion.
13 Data on the second line differ from those on the fhst hne because certain accourits previously classified as "official institutions" are included with "banks"; a riumber of reporting banks are included in the series for the first time; and U.S. Treasury liabilities payablein foreigii currencies to official institutions of foreigri countries are increased in value to reflect market excharige rates as of December 31,1971, as follows: U.S. Treasury certificates, $7 million; nonmarketable, convertible U.S. Treasury bonds and notes, $33 million; and nonmarketable, nonconvertible U.S. Treasury bonds and notes, $70 milhon.
14 Includes $15 milhon increase in dollar value of foreigri currency habihties revalued ill March 1973 to refiect market exchange rates.
15 Includes $147 milhon increase in dollar value of foreigri currericy habihties to official institutions of foreigri countries revalued in April 1973 to refiect niarket exchange rates, as follows: short-ter-m liabilities, $15 milhon; noiimarketable, convertible U.S. Treasury notes, $113 million; nonmarketable, nonconvertible U.S. Treasury notes, $19 million.
NOTE.—Table is based on Departnient of the Treasury data and on data reported to the Department of the Treasury by banks and brokers in the Urhted States. Data exclude nonmarketable, nonconvertible U.S. Treasury notes issued to foreign oflacial nonreserve agencies and include investments by foreign oflacial reserve agencies in debt securities of U.S. federally sponsored agencies and U.S. corporations. Table excludes IMF "holding of dohars," and holdings of U.S. Treasury letters of credit and nonnegotiable, noninterest-bearing special U.S, notes held by other international and regional organizations.
fcO 0 0 CO
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T A B L E 96.—International investment position of the Uniied States
[Millions of doUars]
to CO o
Tota l Westerii Europe C a n a d a
L ine T y p e of i nves tmen t
La t in Americai i
J a p a n 3 Republ ics and other Western
Hemisphere
1971 1972 p 1971 1972 p 1971 1972 P 1971 1972 p 1971 1972 P
Other In t e rna t iona l foreign organizat ions
countries 3 and una l loca ted t
1971 1972 p
hd o
o
Ul
O
H y ^ > y<
o
y ^
S3
> Ul
d
1 N e t in te rna t iona l i nves tmen t position of the U n i t e d States
2 U . S . assets abroad 3 Non l iqu id assets 4 U . S . Governn ien t
Long-term credi ts : 5 Repayab le in dohars • 6 Other 2 7 Foreign currencies and other short-
t e rm assets 8 Pr i vate , long-term 9 Direct i nves tmen t s abroad
Foreigii securities: 10 Foreign bonds 11 Foreign corporate stocks 12 Other clainis, repor ted b y U .S . b a n k s . 13 Other claims, reported by U .S . non-
bank ing concerns 5 14 Pr iva te , shor t - term non l iqu id 15 Claims repor ted b y U .S . banks 18 Claims repor ted b y U .S . nonbank ing
concerns 17 L iqu id assets ..--18 P r iva te 19 Cla ims repor ted b y U .S . banks 20 Cla ims repor ted b y U .S . nonbank ing
concerns 21 U . S . m o n e t a r y reserve assets 22 Gold 23 S D R ' s 24 Conver t ib le currencies 25 Gold t ranche position in I M F
30,128 16, n o 40, 222 19, 557 39,918 7,666 18, 882 1, 419
12, 785 4,148 .
1,749 5 18,504 6,247 13, 934 4 4 270
2,324 1, 977 255
1,422
569 2,732 (*) 1,954 (*)
778 304 11,891 304 201
0 103
17,827 21, 255 8,345 1,488
1, 414 1, 483
5 8,857
4 4,733
2,124
(*)
(*) 1
12, 910
1,891 0,208 1,100
12, 910 10,487 1,958
(*) (*) 585 465
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26 27
28 29 30
U.S. habiliries to foreigners 123,099 148,850 75,015 Nonliquid liabihties to other than foreign
oflacial agencies 55,252 65,719 40,270 U.S. Governnient 9 1,558 1,796 1,413 Private, long term 49,761 59,817 36,196
Direct investments in the United States 13,655 14,383 10,088
U.S. securities: Corporate and other bonds 8,826 10,911 6,825 Cor-porate stocks 21,429 27,649 14,779
Other habihties, reported by U.S. bariks . . 758 907 244
Other liabilities, reported by U.S. non-banking concerns 5,293 5,987 4,262
Private, short-term nonliquid, reported by U.S. nonbanking concerns .3,933 4,106 2,681
Liquid liabilities to private foreigners and liquid, other readily marketable, and nonliquid liabilities to foreign official agencies 87,847 82,931 34,745
To private foreigners s 18,813 s 21,389 4,572 To foreign commercial banks lo s lO, 949 s 14,810 3,374 To international and regional organi-
zarions 81,523 si,627 8 To other foreigners 84,141 84,952 1,190
To foreign oflicial agencies 8 51,234 s 61,542 30,173 Liquid -- 47,610 857,3301 OQ ARQ. Other readily marketable 8144 3543; ^J,^^^ Nonhquid, reported by U.S. Govern
. 0 p Preliminary. *Less than $500,000 (dz). Jlncludes U.S. gold stock. n.s.s.
Not shown separately. 1 Also includes paid-in capital subscription to international financial institutions
(other than IMF) and outstanding amounts of miscellaneous clainis which have been settled through international agreements to be payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts that are not being serviced.
2 Includes indebtedness which the borrower may contractually, or at its option, repay with its currericy, with a third country's currency, or by delivery of materials or transfer of services.
3 The Ryukyu Islands are included with Japan in 1972; in previous periods they are included with other foreign countries.
* For the most part represents the estimated investment in shipping companies registered primarily in Panama and Liberia.
5 The long-term position data given here include estimates for real estate, insurance, estates, and trusts.
6 Country detail for Western Europe includes the six countries of the European
Economic Community, United Kingdom, and Switzerland only, and for Latin America and O.W.H. includes only Bahamas and Bermuda. Remaining countries are not separately identified due to insignificant amounts and are included in other foreign countries.
7 Total reserve assets include an increase of $1,016 mihion resulting from a change in par value of the U.S. dollar on May 8, 1972, consisting of $828 million total gold stock, $155 miUion SDR, and $33 milhon gold tranche position in IMF.
8 The regional breakdown for these liability hnes may not add to the world total since certain items cannot be shown separately.
9 U.S. Government habihties are broken down into those to foreign official reserve agencies in line 44 and those to others in line 28, including foreign official agencies other than reserve agencies.
10 As reported by U.S, bariks; ultimate ownership is not identified. SOURCE: U.S, Department of Commerce, "Survey of Current Busiriess," August
1973.
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292 1973 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 97.—Assets and liabilities of the Exchange Stabilization Fund as of J u n e 30, 1972, and J u n e 30, 1973
Assets and l iabihties J u n e 30,1972 J u n e 30, 1973 Fiscal 1973, increase, or decrease (—)
-$2,224,110 49
1,500 00
- 2 , 2 2 2 , 6 i a 4 9
A S S E T S Cash :
Treasurer ' of t h e Un i t ed States (includes un
deposited coUections) - $2,877,099.11 $852, 988. 82 Federa l Reserve B a n k of N e w York , special
accounts - 267,880,367.00 287,860,367.00 . Impres t f u n d - - - -- -- -- l , 5 0 a 0 0 3 ,00000
To ta l cash 270,738,96011 288,516,355.82
Special d rawing rights 1,957,831,804.43 1,949,450,187.07 Special account of t h e Secretary of t h e T reasu ry in
t h e Federa l Reserve B a n k of N e w York—gold ( s c h e d u l e ! ) . - - - - - - 70,939,167.79 76,749,747.08
Foreign exchange due from foreign b a n k s : B a n k o f C a n a d a 22,30007 22,30007 . Deu t sche B u n d e s b a n k 3,082,803.87 254,235.94 B a n k of E n g l a n d 243,400,40a 06 2,688,041.31 Banca d ' l t a l i a - 221,017.72 233,541.42 Sveriges R i k s b a n k 5 ,27038 5,618.79 B a n q u e Nat iona le Suisse 5,841.04 9,40015 B a n k for In te rnr iona l Se t t l ements 155,173,595.50 11,339. 60
I n v e s t m e n t s in U .S . G o v e r n m e n t securities (schedule 2) - 2,578,479, 270 93 2,934,101, 273. 61
I n v e s t m e n t s in foreign securities (schedule 2) 37,051,140 05 - - -Accounts receivable 162,381.18 241,170 00 Accrued iriterest receivable—U.S. G o v e r n m e n t
securities 3,192,03a 98 15,515,608.70 Accrued in teres t rece ivable—SDR holdings 4,907,48a 00 4,888,977,87 Accrued in teres t receivable—foreign 1,975,052. 85 17,891.94 P repa id expense 572.95 F u r n i t u r e a n d equ ipmen t , less al lowance for de
preciat ion 280,764.55 225,481.80 Bui ldings , less al lowance for depreciat ion 35,800 00 33,800. 00 L a n d . - . - - - - - --- 100,00000 100,00a00 .
To ta l assets 5,338,405,267.44 5,253,062,980 08
L I A B I L I T I E S A N D C A P I T A L
Accounts payab le 8,207,338.33 8,760,767.29 Special accounts 3,000,00000 3,000,00000 . A d v a n c e from U . S . Treasure r (U .S , d rawings on
I M F ) --- 1,712,000,000 00 1,712,000,000 00 . Special d rawing rights cerrificates 400,000, OOa 00 400,000,000 00 -Deferred liability—foreign exchanges r e v a l u a r i o n . . . . 164,793,751, 60 172,816,090 95 Specral drawing rights allocarions 2,490, 605,86a 90 2,490, 605,86a 90 . Capi ta l account 200,000,000.00 200,000,000 00 . C u m u l a t i v e n e t income (schedule 3) - - - 357,798,310 61 285, 880,260. 92
T o t a l l iabihries and capi tal 5,338,405, 267.44 5, 253,082,980.08
-8 ,181,417.36
- 3 , 1 8 9 , 4 2 0 71
-2 ,828,567.93 -240,712,387,75
12, 523, 70 348.41
3,55a 11 -155,162,255.90
355, 822,002, 88 -37 ,051 ,140 05
78, 808, 82
12,323,588, 83 -20 ,502 .13
- 1 , 9 5 7 , 1 6 0 91 - 5 7 2 . 95
- 5 5 , 282. 75 - 1 , 8 0 0 00
-83,342,287.38
553,428. 98
8, 022, 339. 35
- 9 1 , 918, 055. 89
-83, 342, 287. 38
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STATISTICAL APPENDIX 2 9 3
TABLE 97.—Assets and liabilities of the Exchange Stabilization Fund as of June 30, 1972, and June 30, 1973—Contmued
SCHEDULE 1.—SPECIAL ACCOUNT OF THE SECRETARY OF THE TREASURY IN THE FEDERAL RESERVE BANK OF NEW YORK—GOLD
June 30,1972 June 30, 1973 Gold accounts
Ounces Dollars Ounces Dollars
Federal Reserve Bank of New York 1,648,588.351 62,646,357.23 1,564,565.228 59,456,930 52 Federal Reserve Bank of Arianta 395.371 15,024.10 395.371 15,024,10 U,S, Assay Oflice, NewYork 454,678.591 17,277,78046 454,678.591 17,277,780 46
Interest on deposi tary balances 28,496,692,80 Ah other sources.-- --- - 39,899, 87a 33
Total collections - - 595,351,820 85
Total available - 2,158,345,928.44 Withdrawals:
Sold for dohars, proceeds credited to: 2 Miscellaneous receipts of the general fund - - 122,150,500.96 Commodity Credit Corporation, Agriculture - 220,080,794,39 Other fund accounts - - -39,213,815.07
Total sold for dollars -- 303,017,480 28
Requisitioned for use without reimbursement to the Treasury pursuant to:
Sec. 104, Public Law 480, as amended (7 U,S.C, 1704) - 215,256,576.18 Other authority - 357,252,32
Total requisitioned without reimbursement - - 215,613,827, 50
Total withdrawals - 618,631,307.78
Adjustment for rate differences 68,809,467.90
Balances held by Treasury, June 30, 1973 - - -- 1,704,624,088,66
Balances held by the Department of the Treasury, June 30, 1973: Proceeds for credit to miscellaneous receipts of the general fund 870,334,665,11 Proceeds for credit to agency accounts:
For program allocations: Sec. 104, title I, Public Law 480, as amended - 316,277,606,85
Total balances held by Treasury, June 30, 1973 - .----- 1,704,524,088, 56
Balances held by other executive agencies June 30,1973, for purpose of: Program uses under Agricultural Trade Development and As
sistance Act ---- -- 136,524,670 08 Trust agreements with foreign countries 21,868,394,14 Loans to private enterprises, Foreign Assistance Act- - - 10,373,443,98 Economic and technical assistance under Mutual Security Act - -. - 3,300,791,61 American schools and hospitals- - - 1,609,937,84 Other - - - - ----- --.- 1,283,483.62
Total balances held by other execurive agencies 174,980,621. 07
Grand total 1,879,484,70a 63
1 Collections under lend-lease and surplus property agreements will continue to be made until such agreements are satisfied, although the act originally authorizing such action has been repealed.
2 Dollars acquired from the sale of foreign currencies are derived from charges against the dollar appropriations of the Federal agencies which use the currencies. These dollar proceeds are credited to either miscellaneous receipts or other appropriate accourits on the books of the Treasury.
NOTE.—For the purpose of providing a common denominator, the currencies of 107 foreign countries (see table 99) are herein stated in U.S, dohar equivalents. It should not be assumed that dollars in amounts equal to the balances shown are actually available. The dollar equivalents are calculated at varying rates of exchange. Foreign currencies deposited under certain provisions of Pubhc Law 480 and the Mutual Security Act were converted at deposit rates provided for in the international agreements with the respective countries. Many of these currencies are available to agencies without reimbursement pursuant to legislative authority and, when disbursed to the foreign governments, will generally be accepted by them at the deposit or collection rates. The dollar equivalents of currencies sold for dohars during the month were calculated at the prevaihng market rates used to pay U.S. obligations. The closing balances were converted at the June 30,1973, reporting rates.
For additional data on foreign currency transactions, see part 6 of tH^ "Combined Statement of Receipts, Expenditures and Balances of the United States Government for the Fiscal Year ended June 30, 1973." The above figures exclude country-owned foreign currencies, generally called "counterpart funds."
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STATISTICAL APPENDIX 295 TABLE 99.—Balances of nonpurchased foreign currencies held by the U.S. Govern
ment, June 30, 1973
C o u n t r y Currency I n Treasury accounts
Foreign currency Doha r equivalent
I n agency accounts
Foreign currency
D o h a r equiva len t
Afghanis tan Afghani Argen t ina Peso A u s t r a h a D o h a r A u s t r i a Schihing B a h a m a s Dol la r Bangladesh T a k a . Barbados . . - Dol lar Be lg ium F r a n c - . . B e r m u d a Dol la r B o h v i a Peso Brazi l Cruzeiro Br i t i sh H o n d u r a s . D o h a r B u r m a K y a t Cameroon C F A F r a n c . - -C h a d . - - - - C F A F r a n c . - -C h i l e . . Escudo C h i n a N . T . Dol la r . - -Colombia P e s o . . - -C o s t a R i c a Colon- - . . C y p r u s P o u n d C z e c h o s l o v a k i a . . . K o r u n a D a h o m e y C F A F r a n c . . . D e n m a r k K r o n e . D o m i n i c a n Peso
R e p u b h c . E c u a d o r Sucre E g y p t - - . P o u n d -E l Salvador Colon-E th iop i a Dol lar Fij i I s lands Dol lar F i n l a n d Markka France F r a n c G a m b i a P o u n d G e r m a n y , W e s t . . . W . D . M a r k . . . G e r m a n y , E a s t . - - E . D . M a r k . - - . G h a n a Cedi - . -Greece D r a c h m a G u a t e m a l a . - Quetzal Guinea Syh G u y a n a Dol la r Ha l r i . - - - Gourde -H o n d u r a s L e m p i r a H o n g Kong Dol lar H u n g a r y For in t Ice land - K r o n a --I n d i a R u p e e --Indones ia R u p i a h --I r an Ria l - - . I r e land P o u n d - - -Israel P o u n d ---I t a ly Li ra Ivo ry Coast C F A F r a n c - - . J ama ica D o h a r J a p a n Y e n Jo rdan D i n a r K e n y a Shi lhng K h m e r , R e p u b - Cambod ian
h e of, Riel . Korea , South Won Laos K i p Lebanon P o u n d L i b y a D i n a r Malawi K w a c h a Malays ia . . - - D o h a r M a l i . - F r a n c Mar t in ique F r a n c Mexico Peso Morocco D i r h a m N e p a l I n d i a n R u p e e -N e p a l - - R u p e e - . -Ne the r l ands Gui lder -N e t h e r l a n d s Flor in
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296 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 99.—Balances of nonpurchased foreign currencies held by the U.S. Government, June 30, 1973—Continued
C o u n t r y Cur rency I n Treasury accounts
Foreign currency DoUar equ iva len t
I n agency accounts
Foreign currency
DoUar equiva len t
N e w Zea land . Nicaragua Nigeria N o r w a y Pak i s t an Pa raguay Pe ru -P h i h p p i n e s . - -Po l and Por tuga l
Sierra Leone . . Somali South Africa.. Spain 1.. Sri L a n k a Sudan Sur inam Sweden Switzer land. . . Syrian A r a b
Repub l i c . T a n z a n i a T a n z a n i a
T h a i l a n d . T h a i l a n d .
Dollar Cordoba P o u n d Krone Rupee Guaran l Sol - - -Peso Zloty --E s c u d o . . . . . - -C F A F r a n c - -Leone ShUling R a n d - - -Pese ta Rupee P o u n d Flor in Krona F r a n c - - -P o u n d -
Trirridad Turus ia T u r k e y U g a n d a -. U iu t ed K ingdom. U p p e r Volta U r u g u a y Venezuela - - . Vie tnam, Sou th . . . Yugoslavia Zaire - . . Zambia
Shilling K e n y a
Shilhng. B a h t Cambod ian
Riel . T & T Dollar-D i n a r Lira Shilling P o u n d -. C F A F r a n c - - . P e s o - . - -. Bolivar -. .Piastre D ina r Za i re . . -Kwacha -.
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Indebtedness of Foreign Governments
T A B L E 100.—Indebtedness of foreign governments to the United States arising from World War I as of J u n e 30, 1973
Original i ndeb tednes s
In te res t t h r o u g h
J u n e 30,1973 T o t a l
C u m u l a t i v e p a y m e n t s
Pr inc ipa l In te res t
T o t a l ou t s t and ing
U n m a t u r e d p r inc ipa l
Pr inc ipa l a n d in te res t d u e a n d u n p a i d
A r m e n i a $11,959,917.49 A u s t r i a 1 26,843,148.68 Be lg ium 419,837,630 37 C u b a 10,000, ooa 00 Czechoslovakia 185,071,023.07 Es ton i a 18,468,012.87 F i n l a n d 8,999,99a 97 F r a n c e 4,089,689,588.18 Grea t B r i t a i n 4,802,181,641.56 Greece --- 34,319,843.67 H u n g a r y 4 1,982,555.50 I t a l y 2,042,364,3ia 28 L a t v i a - 6,888,664.20 Liber ia 26 ,00a00 L i t h u a n i a . - 6,432,485.00 Nica ragua 6 141,95a 36 P o l a n d 207,344,297.37 R o m a n i a 68,359,192.45 Russ ia 192,601,297.37 Yugos lav ia 63,577,712,55
1 T h e Federa l R e p u b h c of G e r m a n y has recogruzed h a b i h t y for securities falling due be tween Mar. 12,1938, a n d May 8, 1945.
2 $8,480,090.26 has been m a d e avai lable for educat ional exchange programs wi th F in l and pmrsuant to 22 U . S . C . 2455 (e).
3 Inc ludes $13,155,921 refunded b y the agreement of May 28,1984. T h e agreement was ratified b y Congress N o v . 5,1966.
4 In te res t p a y m e n t s from Dec . 15,1932, to J u n e 15,1937, were paid in pengo equiva len t .
5 T h e indebtedness of Nicaragua was canceled p u r s u a n t to the agreement of Apr . 14, 1938.
6 Excludes claim ahowance of $1,813,428.69 da ted Dec . 15, 1989, 7 Excludes p a y m e n t of $100,000 on J u n e 14, 1940, as a t oken of good faith. 8 Pr incipal ly proceeds from h q u i d a t i o n of Russ ian assets in the U n i t e d Sta tes . 9 Inc ludes $12,813,801.32 on agreement of May 28, 1964.
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T A B L E 101.—Status of Germany World War I Indebtedness as of J u n e 30, 1973
Funded Interest through CumiUative payments Unmatured Principal and indebtedness June 30,1973 Total Total outstanding principal interest due and
1 Agreement of Feb. 27,1953, provided for cancehation of 24 bonds totahng 489,800,000 3 The unpaid portion of this indebtedness is converted at 40.33 cents to the reichsmark, reichsmarks and issuance of 26 dohar bonds totahng $97,500,000. The dollar bonds which was the exchange rate at the time of default. The 1930 agreement provided for a mature serially over 25 years beginrung Apr. 1,1953. All unmatured bonds are of $4 mil- conversion formula for payments relating to the time of payment. These figures are lion denomination, ' estimates made solely for this statistical report.
2 Includes 4,027,611,95 reichsmarks (1,529,049,45 on moratorium agreement (Army 4 Payments converted to U.S. dollars at rate apphcable at the time of payment, i.e., costs) and 2,498,562,50 interest on funded agreement) deposited by German Govern- 40.33 or 23.82 cents to the reichsmark. ment in the Konversionskasse fur Deutsche Auslandsschulden and not paid to the United States in dollars as required by the debt and moratorium agreement.
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T A B L E 102.—Ouistanding long-term indebtedness of foreign couiitries on U.S. Government credits (exclusive of indebtedness arising from World War I) as of J u n e 30, 1973, by area, country, and major program ^
[In milhons of dollars]
-
Area and coun t ry
Western E u r o p e (excluding Greece and T u r k e y ) : Aus t r i a Be lg ium '.... D e n m a r k F i n l a n d F r a n c e . . . G e r m a n y Federa l R e p u b h c of Iceland . . I re land I t a l y Luxembourg Mal ta N e t h e r l a n d s . -N o r w a y Por tuga l Spain Sweden Switzer land U n i t e d K i n g d o m Yugoslavia E u r o p e a n A t o m i c E n e r g y C o m m r m i t y E u r o p e a n Coal a n d Steel C o m m u n i t y . N o r t h A t l a n t i c T r e a t y Organizat ion (Mainte
nance S u p p l y Services Agency) Western Europe—Regiona l
T o t a l Western E u r o p e
Footnotes a t end of tab le .
U n d e r Expor t -I m p o r t
B a n k Ac t
25.2 . 27.0 15.1 20 4 .
120 8 • 28.4 .
L 9 34.6
235.0 . 4
81.8 . 7 a 5 52.1
330 3 0 9 .
18.6 . 36L4
92.4 0 1 .
54.7
1,804. 8
U n d e r foreign
assistance (and related)
acts
22.1 . i a 5
2.6
6L7 (*)
1.4
12.5 16.3 33.3
238.2 83.8
30 1
, 1
635,9
U n d e r Agri cul t m a l T r a d e Deve lopmen t and Assistance Act
Loans of foreign currencies Long- term dollar
: T o foreign T o pr iva te credits governments enterprises
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T A B L E 102.—Outstanding long-term indebtedness of foreign countries on U.S. Government credits {exclusive of indebtedness arising from World War I) as of J u n e 30, 1973, by area, couiitry, and major program ^—Continued
Near East (including Greece, Turkey, and Egypt): Cyprus Egypt, Arab Repubhc of Greece -Iran Iraq Israel Jordan Kuwait - - . Lebanon Saudi Arabia Syria Turkey
Total Near East
Under Export-Import
Bank Act
..... . . 1,5 5.8
'"• 2 a 6 ' 14.4
50a4 a i
112.5 a i
2a 0 2.3
15.5 " " 5 0 1 "
768.3
Under foreign
assistance (and related)
acts
35.4
35.4
..... 8a 8
237.2
905.2 5L2
.9 37.4
.7 1,017. 7
2,402.5
Under Agricultural Trade Development and Assistance Act
Loans of foreign currencies
To foreign To private governments enterprises
a 8 33a 2 5a 0 3a 0
137.9 3.8
n.4 . 93.0
683.1
2.1 .1
3,4
i2'4"
18.0
Long-term dollar credits
15.7 . 12.7 . 5a 3
ao 232,4 12,4 ILO .
a i . 54.4
395.1
Lend-lease, surplus
property, and other
war accounts 2
4,9 L l
4.6
680 0
690 6
23.3
23.3
Commodity Credit
Corporation export credits
LO . . 93,4 .-30 6 . .
450 2 . .
587. 2 .
L8 . 72.7 . 42.8 . . 54.6 . .
L2 .
(*) 173.0
Other credits
114.0
114.0
Total 3
4.9 2.1
133.4 4a 9
1,143,7
1,324.9
2.4 525.2 202.7 904.9 12.1
1,391.4 7a 5 2a 0 15.4 52.8 12.2
1,341.6
4,557.3
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South Asia: Afgharustan. India Nepal Pakistan Sri Lanka South Asia—Regional..
Total South Asia
Africa (excluding Egypt): Algeria Angola Botswana Cameroon Central African Repubhc Dahomey Ethiopia Ghana Guinea Ivory Coast Kenya Liberia Malagasy Repubhc Malawi Mah Morocco . . . Mozambique Niger--Nigeri a • Senegal Sierra Leone. Somali Republic Sudan Swaziland Tanzania Togo Tunisia Uganda Zaire Zambia "East African Common Services Organization. University of East Africa West Africa Development Bank Africa—Regional
Total Africa..
Footnotes at end of table.
0 8 19a 2
70 8 3.3
292.1
3a 9 0 1
14.2 1.4 .
23.9 5.5
31,6 11.9 48.9
23.7 3.4
21.8
.6 4.2
13,0 a 7
3a 2 3, 049,8
,3 1,581.8
2L8 2.0 .
1.7 . 2, 057.4
3.0 . 234.1 n.6
18.4 . 423.8 2.0 i a 7
12.9 ,6
25a 5 . 70 3 .
11.4 . 7.4 .
4, 694.9 2,307.8 13L5 2.0
5,9 22.3
6a 7 121.8
7.2 a 9 a 3 .
5a 1 . 4.4 . a 7 . 1.9
298.4
2,7 . 75.3
15.0 . 4.5 1.8
37.2 .
2.7 1.3
,5 17,9 i a 4 1.5
.2 5a 8
1.9 3.6 .
3a 2 . 22.7 . 3.0 . a 3 . 3.3
2.0 . .5 .
1.1 .
1.9
L3 . .9 .
i a 6
18.8 .
171.1 11,1 68.2
73.1
a i
1.8
.7
80.9
28.0 .- .
a9
6a 1 5,866.9
3,3 2,17a 5
115.0 2.0
8,232, 6
3a 2 7.0 5.9
3a 5 1,4 .8
7a 6 195,7 51,8 43,0 27.5
124.9 4.4 6.7 2.1
465,8 3.4 2,7
97.1 1.2
12.8 15.5 2a 8
1.8 37.2
.6 317.8 11.1
i i ao 9.7 1.9 2.7 1.3
12.2
282. 6
5.0
1,004. 3 173.3 a 3 242,5 ia6 3 7 . 4 . . :
17.2
1,763.0
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T A B L E 102.—Outstanding long-term indebtedness of foreign countries on U.S. Government credits (exclusive of indebtedness arising from World War I) as of J u n e 30, 1973, by area, country, and major program ^—Continued
[In milhons of dohars]
Area and country
Under Agricultural Trade Development Lend-lease, Under Under and Assistance Act surplus Commodity
Export- foreign property. Credit Import assistance Loans of foreign currencies Long-term and other Corporation
Bank Act (and related) dollar war export acts To foreign To private credits accounts 2 credits
governments enterprises
Other credits
Total 3
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415.9 lao 3.4
113.5 3,1
95,5 32a 8 .
3a 2 212.6
i a 2 2a 7 24,0 i i a i a 2
263.3
48,3 35.2 27.3 , 48,2 .
125.9 27.6 20 6
414.8 . i a 5 .
a 8
835.8 5.3
21.4 . 387.8
3a 1 . 185, 0 .
4 - a 7 8,9
28.4 92.4 .
47.4 2L2 .
7.3
'i's" 88.3 (*) 2.8 .
52.4 .
73.9 ......
Total Eastern Asia and Pacific.
t7estern Hemisphere: Antigua Argentina Bahamas B arbados , B ermuda Bolivia - -Brazil - -
1,310 3 1,03a 4 ao 1,197.5 345.6 16a 6
a 8 . 23a 3
0 8 . .4 .
2L2 . 35.3
497.2
l i a 6 .3 .
151.4 1.072. 2
13.5 24.7
22.4 . 108.6 (*)
415.9 l ao 4a 9
497.4 3.1
1,03a 0 500.0 2L4
978.4 45.7 27.3 48.2
312.6 27.6 7a 4 73.6
4,129. 5
35a 2 a 8 .4
2L2 223.4
1, 704. 9
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Chile Colombia Cos ta Rica C u b a D o m i n i c a n Repub l i c - -E c u a d o r E l Salvador G u a t e m a l a G u y a n a Ha i t i -H o n d u r a s
Nica ragua
P a r a g u a y . -P e r u
T r i n i d a d and Tobacro U r u g u a y
Cen t ra l Amer ican B a n k for Economic In tegra-
Western Hemisphere—Regional Western Hemisphere—Unspecif ied
T o t a l Western Hemisphere
Worldwide: U n i t e d Na t rons Worldwide—unspecified
T o t a l all countr ies a n d in te rna t iona l or-garuzat ions
103.8 . . . 30L3 54.7 I L l 3 a 3 . . 2 L 1 14.6 4.0 a 9
26.'3" 3.5
27.5 282,3
3.5 34.8 7.8
3 L 6 2.8
15.5 2.3
124.8
1,914.3
5.0
a 183.1
563.8 72L4
65.7
153.1 . . . 87.4 57.7 . . . 44,4 31.7 -5.3 . . .
44.7 9.5 - -
90 9 79.7 90.2 . - . 29,3
122.7 . 8 -
53.6 114.5 - - .
93.6 -0 9 . - -
3, 810 4
L l . - .
13,520 5
2 a 2 7.2
1.1
7.5 . . .
5.8 11.8
. 1 - - .
92.1
3, 665. 9
(*) , 3
(*)
. 8 , 8
2.6
167.7
45.2 35.7
45.9 . . -15.5 - .
. 4 - - .
. 7 - . .
. 8 . .
8.6 . . . . 6 . . .
29.1 . .
313.3
3,148.8
".i"."
as'-"-8.9
1,727.6
a 2 . 5
. 5
. 5 . . .
89, '7 '^!!
, 8
98.1
1,175.5
(*)
(*)
. 1
. 2
. 1
. 8
. 1
" . " 4 ' , 1
. 3
2.4
65,5
3, 021, 0
103.8 93a 7 8 i a 4
7 a 9 3 a 3
227.1 i i a i 61,7 55.3 32.5 32,2 48.3 37.8
38a 8 83.7
125.0 52.0
250 9 3.8
16,5 8 a 2
23a 3
93.6 6, 9 0 8
6, 248. 0
65.5
a i
32,610 1
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•Less than $50,000. 1 Includes estimates for the U.S. doUar equivalent of receivables denominated in other
than dollars and/or payable at the option of the debtor in foreign ciurencies, goods, or services. The total amount of such estimates approximates $5,703,1 milhon. Long-term loans and credits have an original maturity of more than 1 year.
2 Includes $2.2 million for surplus property credits which are not reported in the "Status of accounts under lend-lease and surplus property agreements" in table 103. Data exclude indebtedness shown in table 103 consisting of $21.6 milhon in net uncol
lected "cash" receivables, $60,6 milhon deferred interest, and $43.5 milhon of interest in arrears, but includes $165.0 milhon indebtedness arising from war accounts settlements not reflected in table 103.
3 Excludes outstanding interest deferred by formal agreement or in arrears, but includes capitahzed interest.
4 Reflects debt reorganization adjustment pursuant to a debt reorganization agreement with Indonesia, Over the entire term of this agreement this adjustment will be zero.
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TABLE 103.—Status of accounts under lend-lease and surplus property agreements (World War II) as of June 30, 1973
C o u n t r y , e tc .
Se t t l ement obligation and in teres t billed
(net)
Cred i t s
Collections
U . S . dollars Foreign cm-rency
(in U .S . dohar equivalent )
Other credits
T o t a l ou t s tand ing
S ta tus of a m o u n t s ou ts tanding
A m o u n t s pas t D u e over a d u e 1 period of years
b y agreement
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Aust ra l ia $44,081,7ia 80 Aus t r i a - - 10,591,490 95 Belgium 118,627,909.50 B u r m a 1 a 708,04a 14 C a n a d a 388,785,007.77
C h i r i a . - - - - . - 192,163,40a 70
Czechoslovakia 10,952,585.86 D e n m a r k -- 5,240,272.68 E t h i o p i a 4,658,958.36 F i n l a n d 25,169,113.04 F r a n c e 1,273,863,588.35 G e r m a n y , Federa l Repub l i c of 3 224,418,711.99
Greece 72,203,795.61
Greenland 8,351.28 H u n g a r y 21,710,887.78 . Iceland 4,855,981.42 I n d i a 1198,289,89a 80 Indones ia 85,083,233.78 I ran . 48,460,265.79 I r aq 54.00 I t a ly 268,135,73L 04 J a p a n 13,728,409.82 . Korea 35,910,473.08 . Liber ia . - 19,440,8ia86 Lebanon 1,856,838.01 .
$34,635,924. 87 3,064,425.08
41,819,843.08 1,005,394.68
388,766,007.77 .
16,082,109.14
596,730.50 4, 288,935. 24 3,899,523. 26
20,347,134.92 973,391,505. 87
3,856,085. 48
41,703,90a 52
8,361,28 .
""4,'496,'553.'29' 184,777,327.13
44,348,982.49 3,782,001. 51
54.00 . 185,389,428.52
2,842,937. 27 .
$8, 662, 268.76 8,980. 284. 86
12,198,412.53 5,580,577.14
$863,517.18 . 556,807.01
81,340,822.18 142,077,32 .
$1,270,831,71 $1, 270, 831.71
1,691,795,64
1,062,981.45 931,000,00
23,620.60 2,271,130 46
51,445,798.03 218,755,344.92 .
29,344,892.63
8,521,77a 94 |
1,990,965. 94 42,337,42 . .
635,814.50 . . . 697, 805.34
51,402,738.29
1,156,763.08 j -
^-1;5lI;Ii:?3 $91,611,812.00: 7,301,927.97 a 522,749.15
74,375,92L98 -3,584,435.73
779,178.82
1,853,030 32 197,423,54a 16 .
1,808,301.81 .
1,853,030 32 197,423,54016
1,808,301. 61
18,747,144. 81 359,428.13 .
8,943,404.63 3,765,000. 00 7,829,287.39 .
1,818,002. 31
2 - 1 , 7 6 0 62
'1^145^ 720.'66' 1,104,551.84
- 1 , 7 6 0 82
" 4 1 ^ 168.'82
287,954.38 904,847. 09
6, 281, 213. 66 6, 281, 213. ( 5 36,064,804.20
34,848,976. 89 34,848,976.! 36, 064,604. 20
98, 269,393.91 12,971,483,00 3,529,183,70
3,541,671.44 756,920 82 .
3,977,570 38
935,337.17 935,337.17
521,818, 51 1,134,810 50 .
28,403,713.00 . 16,597,682.39 .
28,403,713.00 16,697, 682.39
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Luxembourg Middle East . . Netherlands New Zealand Norway Pakistan Phihppines Poland Saudi Arabia Southern Rhodesia Sweden Thailand Turkey Union of South Africa -United Kingdom u.s;s.R -- -. Yugoslavia : - . . . . American Repubhcs. American Red Cross . . Federal agencies . : Mihtary withdrawals Miscellaneous items United Nations Rehef and Rehabihtation Ad
153, 254. 427, n a 371, 931. 240, 689. 235,730 082,482. 608, 622, 129,710 789, 25a 63,370
365,404. 023,380 092,790
649. 136,573.
39,234,823.16 . . . 45,192,680 41
2,114,003.78 8,435, 074. 95
2,005, 855, 29 10,385,744.17 . .
28,383,412.29 . . . 644,920.86 . . .
1,580,637.90 . - -
2,988,168. 91 5,985.80 4.565.065.54
5,985.80 4.565.065.54
1,824, 653.33 4,178,321.72 2, no, 714. 28
242,487. 98 40,792,979. 74
i7,"322.'i6' 11,921,129.75
50,112. 80 . 850,931.47 .
1,281,130 93 . 923,180 68 .
164,635,335. 62 57,900, 000.00
623,065. 20 3,154,183. 21
43,570 09 43,570 09
482,034,92L 18 . 886,000,000.00 .
7,855.18 . 7, 244,399.35 494,399.35
6 482,034, 921.18 686, 000, 000. 00
7,855.18 7 8,750,000. 00
21,930 43 . 186,980 76 . 335,504. 23 .
7, 226,762. 25 7,226,782.25
Total 6,110,143,885.30 3,377,006,602.46 68a782,42ai7 392,570,521.81 8 1^679,804,431.86 140,887,281.98 1,538,917,14a 8
1 Principal and interest considered past due as of June 30, 1973, and items subject to negotiation. '
2 Credit. Represents amounts collected under advance payment agreements not applied to outstanding indebtedness.
3 Reduced due to settlement of a third party claim. 4 Agreement provides for repayment of 37,099,999.99 rupees. 5 Agreement dated March 16, 1971, provides for payment of principal and interest
semiannually on June 11 and December 11 of each year beginning June 11, 1971, and June 11, 1986, respectively.
6 Includes $84,881,702.21 principal and interest postponed pursuant to agreement, 7 Represents amount which is postponed by agreement pending settlement of certain
claims, 8 Includes $294,900,887,38 due under surplus property agreements, $1,256,580,720.55
due under lend-lease settlements, and $270,555,129.75 due under other lend-lease agreements.
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NOTE. Greece.
-No settlement agreement for lend-lease has been reached with China and
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Corporations and Other Business-Type Activities of the Federal Government 5 w
TABLE 104.—Comparative statement of securities of Government corporations and other business-type activities held by the Treasury, June SO, ^ 1963-73 H
yn [Face amount, in milhons of doUars. On basis of daUy Treasury statements, see "Bases of Tables"] O
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Agency for International Development 807 735 712 689 662 638 544 512 461 416 374 , Commodity Credit Corporation 13,604 13,990 13,111 11,768 10,097 11,989 12,115 12,262 11,977 11,501 10,884 3 Export-Import Bank of the Unitea states 1,476 830 613 178 362 720 1,586 783 1,743 1,888 W Federal Housing Administration: W
Generalinsurancefund 10 25 10 10 10 137 383 831 Special risk insurance fund 86 282 810 g
Federal National Mortgage Association, secondary market opera- S
Secretary of Commerce: 1 Maritime Admirustration, Federal ship mortgage insurance S3
fund 6 10 5 7 2 . W National Oceanic and Atmospheric Admirustration, Federal >
ship financing fund, fishing vessels (*) ^ S3 Kj
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Secretary of Housmg and Urban Development: College housing loans Low-rent public housing fund National flood insurance fund Pubhc facihty loans Urban renewal fund
Secretary of the Interior: Bureau of Commercial Fisheries, Federal ship mortgage
insiH-ance fund, fishing vessels Bureau of Mines, helium fund
Secretary of Transportation: Washington Metropolitan Area Transit Authority.. .
Smithsonian Institution: John F. Kennedy Center parking faculties...
Secretarv of the Treasury (Federal CivU Defense Act ol 1950) '.. Tennessee VaUey Authority U.S. Information Agency Veterans Administration (veterans dhect ioan program) Virgin Islands Corporation Defense Production Act of 1950, as amended:
General Services Administration Secretary of Agriculture Secretary of the Interior, Defense Minerals Exploration
1 In accordance with an act approved Aug. 30, 1972 (7 U.S.C. 1929(g)(1)), the direct loan account was abohshed and its assets, liabUities, and authorizations were transferred to the agricultural credit insurance fund. All outstanding securities of the agricul
tural credit insurance furid as of Aug. 30,1972, were transferred to the rural development insurance fund which was established by this act.
* Less than $500,000.
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308 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 105.—Capital stock of Government agencies held by the Treasury or other Government agencies June 30, 1972 and 1973, and changes during 1973
Class and Date, of Amount Repayments Amount issuing agent authorizing owned Advances and other owned
act June 30,1972 reductions June 30,1973
Capital stock of Government corporations:
Held by the Administrator ofthe Rural Electrification Administration, Rural Telephone Bank.
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STATISTICAL APPENDIX 309
TABLE 106.—Borrowing authority and outstanding issues of Government corporations and other business-type activities whose securities are issued to the Secretary of the Treasury, June 30, 1973
[In milhons of dollars. On basis of daily Treasury statements]
Corporation or activity i Outstanding Unused
Borrowing securities borrowing authority held by authority
Treasury
Agency for International Development: Mutual defense program—economic assistance - -India emergency food aid
Commodity Credit Corporation Export-Import Bank of the United States Federal Deposit Insurance Corporation -Federal home loan banks Federal Housing Administration: 2
General insurance fund-Special risk insurance fund
Federal National Mortgage Association: Secondary market operations fund- - - -
Federal Savings and Loan Insurance Corporation Government National Mortgage Association:
Management and liquidating functions fund.. Speci al assistance functions fund
Health, Education, and Welfare Department: Commissioner of Education, student loan insurance fund.. .
Panama Canal Company Rural Electrification Administration Saint Lawrence Seaway Development Corporation Secretary of Agriculture, Farmers Home Administration:
Rural development insurance fund Rural housing insurance fund Agricultural credit insurance fund
Secretary of Commerce: National Oceanic and Atmospheric Administration, Federal
ship financing fund, fishing vessels...^ Secretary of Housing and Urban Development:
College housing loans Low-rent pubhc housing fund National flood insurance fund National insurance development fund --Public facihty loans Urban renewal fund
Secretary of the Interior: B ureau of Mi nes, heh um f u nd - - - ..
Secretary of Transportation: Washington Metropohtan Area Transit Authority
National Credit Union Administration: National credit union share insurance fund
U.S. Postal Service, postal service fund. --Securities and Exchange Commission:
Securities Investor Protection Corporation fund L Smithsoruan Institution:
John F. Kennedy Center parking facihties Tennessee Vahey Authority --- -United States Information Agency, informational media
guaranties - -Veterans Administration (veterans direct loan program) Defense Production Act of 1950, as amended:
General Services Administration Secretary of Agriculture . Secretary of the Interior, Defense Minerals Exploration
Administration Unallocated -
District of Columbia Commissioners, stadium sinking fund. Armory Board, District of Columbia
360' 14
L4,500 6,000 3 000
360 14
10,884 1.888
4.000
831 810
2,250 . 750 .
80 8,049
15 10 .
8,344 129
4 918 5 819 4 679
831 . 810 .
2,972
15
8,583 123
379 558 878
(*) 3, 1,
(*) 775 500 . 250 250 . 100
,000
255
4
100 . ),750 .
,000 .
20 7150
2,811
340 800
262
4 .
730
922 126
20 . 100
22 1,730 .
1,878 98
39
(*) (*)
Total- 74,072 34,237
3,836 4,112 3,000 4,000
3 2,250 750
5,078
10 1,781
6
539 263
3
964 1,500
239 250 260 200
100 9,750
1,000
50
6
44 28
(*)
39,835
1 Excludes authorizations to borrow from the public; also excludes authorizations to expend from public debt receipts for subscriptions to capital stock ofthe following agencies: International Bank for Reconstruction and Development, $8,350 mihion; International Monetary Fund, $2,325 mihion; International Finance Corporation. $35 milhon; and a Government corporation, $999 milhon. In addition, the authorized credit to the United Kingdom of which $2,788 million is outstanding, has been excluded.
2 Funds may be borrowed as needed pursuant to an act approved Aug. 10, 1985 (12 U.S.C. 1735d). 3 Represents unused portion of authorization to expend from pubhc debt receipts available for loans to
the secondary market operations fund without further action by Congress. 4 Represents amount due Treasury, net amount obligated, and unobligated balance, less uriexpended
fund balance. Authority to borrow from the Treasury is indefinite in amount. Funds may be borrowed as needed to carry out provisions of acts approved Aug. 8,1961 (7 U.S.C. 1929(c)) and Aug. 30,1972 (7 U.S.C. 1929a(d)).
5 Represents amount due Treasury and net amount obhgated less unexpended fund balance. Funds may be borrowed as needed but, except as may be authorized in appropriarion acts, not for the original or any additional capital ofthe fund, as provided by an act approved Aug. 10,1965 (42 U.S.C. 1487(h)).
6 Has been reduced by $250 million representing authority used to borrow from the pubhc. 7 Represents amount of interim securities outstanding which may be issued to the Secretary of the
Treasury under specified conditions as provided by an act approved Aug. 8,1959 (16 U.S.C. 831n-4(c)). 8 Funds may be borrowed from the Secretary of the Treasury under certain conditions as provided by
an act approved July 28,1958 (2 D.C. Code 1727). *Less than $500,000.
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310 1 9 7 3 REPORT OF THE SECRETARY OF THE TREASURY
T A B L E 107.—Description of securities of Government corporations and other business-type activities held by the Treasury, J u n e 30, 1973
[On basis of daily Treasury statements, see "Bases of Tables"]
Title and authorizing act Date of is.sue Date payable i Rate of Priricipal interest amount
Agency for International Development: . Act of Apr. 3, 1948, as amended: Percent
Notes of Administrator (EGA) - . . Various dates - . . June 30, 1984.. IA $359,574,245. 93 Actof June 15, 1951:
Notes of Director (MSA) - . . . Feb. 6, 1952 Dec. 31, 1983.... 2 14,227,383.18
Total . 373,801,62011
Commodity Credit Corporarion, act of Mar. 8,1938, as amended:
Advance Oct. 1, 1972 Oct. 1, 1973...... 2 None 3,457,408,907,84 Advances Various da tes . . . . . . . . do . . 5 ^ 5,998,910,514.58
Do do do 5A 571,000, ooa 00 Do do . . . d o . . .5M 175,000, ooa 00 Do do do . . 6H 200,000,000.00 Do do do 6H 225,000,000.00 Do do . . . d o 6M 89,000, ooa 00 Do do do . . %A 148,000,000 00
Total l a 884,319,422.42
Export-Import Bankof the United States, act of July 31, 1945, as amended:
Advances, Series 1974. June 30, 1973 June 30, 1974.... 7. 68 1,555,900,000.00 Note, Series 1975 Feb. 18, 1971 Dec. 31, 1975.... 2H 5,499,984.00 Note, Series 1976 do June 30, 1978.... 3 26,093,722.47
Do. . . do . . . . . do 31^ 3,939,892.89 Note, Series 1978 do June 30, 1978.-.. 4% 296,230,994,31
Total 1,887,684,593,87
Federal Housing Administration, act of Aug, 10, 1965, as amended:
General insurance fund: Advance Jan, 25,1968 Jan. 25, 1981 4A 10,OOa0OaO0 Advances Various da tes . . . Various da tes . . . 8 149,000,000.00
Do do do 6K 81,000, ooa 00 Do. . . do do 6K 14a 000, ooa 00
Advarice Oct. 7, 1970 Oct. 7, 1985 IA 8,000,00a00 Do Dec. 6, 1971 Dec. 6, 1986 5M 5a00a00O00 Do Feb. 29, 1972.... Feb. 28, 1987.... 5 ^ lOa000, 000.00 Do Feb. 28, 1973...- Feb. 28, 1988--.. 6^^ 94,000,00a00 Do , Apr. 30, 1973.... Apr. 30, 1988.... 6M 184,000,000 00
Subtotal . . . 831,000,000 00
Speciai risk insurance fund: Advances Various da tes . . . Various da tes . . . 6 142,000,000.00
Do do . . . . . do 8H 53,000,00000 Do do - . . . . . do 6K 142,000, ooa 00 Do do do 6 ^ 278,000, ooa 00
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316 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 107.—Description of securities of Government corporations and other business-type activities held by the Treasury, June 30, 1973—Continued
Title and authorizing act Date of issue Date payable i Rate of Priricipal interest amount
Defense Productiori Act of 1950, as amended—Continued
Total Defense Production Act Percent of 1950, as amended $2,014,040,205.81
District of Columbia Commissioners: Stadium sinking fund, Armory
Board, D . C , act of July 28, 1958, as amended:
Note Dec. 1, 1972 When furids are 5A 415,80000 available.
Note. Junel , 1973 .----do %K 415,80000
Total - 831,600 00
Total securiries 6.. . 34,237,207.712.48
1 Securities may be redeemed at any time. 2 An act approved Nov. 2, 1965 (15 U.S.C. 713a-lla) provided that after June 30,1964, the portion of bor
rowings from the Treasury equal to the unreimbursed realized losses recorded on the books of the Corporation after June 30 of the fiscal year in which such losses ai'e reahzed, shall not bear interest and interest shall not be accrued or paid thereon.
3 Accrued interest payable on the notes issued to the Secretary of the Treasury has been cancehed as provided by an act approved May 11,1973 (87 Stat. 67). Payments of principal when due on these notes will be made without payment of interest.
4 In accordance with an act appr-oved Oct. 21, 1970 (33 U.S.C. 985 (b)), the securities issued by this Corporation to the Treasury shall bear no iriterest, and the unpaid interest that has accrued is terTninated.
••> In accordance with an act approved Aug. 30, 1972 (7 U.S.C. 1929 (g) (1)), the direct loan account was abolished and its assets, liabilities, and authorizations were transferred to the agricultural credit insurance fund. All outstandirig securities of the agi-icultural credit insurance fund as of Aug. 30,1972, were transferred to the rural development insurance fund, which was established by this act.
6 These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional authorizatiori for specified Government corporations and business-type activities to borrow from the Treasury.
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STATISTICAL APPENDIX 317 T A B L E 108.—Summary statements of financial condition of Government corporations, other business-type activities, and regular' governmental activities, J u n e 30, 1973
[In millions of dollars. On basis of reports received from activities]
Account
ASSETS
Selected current assets: Fund balances with Treasury: -
1 Consists of business- and non-business-type activities. 2 Consists mainly of unexpended balances of general, special, and revolving fund accounts against which
checks may be drawn to pay proper charges under these funds. The funds are considered assets of the agencies, but not of the U.S. Government since funds must be provided out of cash balances of the Treasurer ofthe United States and future receipts to take care of checks to be issued against the balances, Undeposited collections and unconfirmed deposits are included in these balances,
3 Includes foreign currency assets, representing loans and other receivables recoverable in foreign currencies in U.S. depositories, aggregating $7,143 milhon in dollar equivalent. These currencies, acquired without dohar payments, were generated under various Government progranis, principaUy the Agricultur-al Trade Development and Assistance Act of 1954, as amended, and the Mutual Security Acts, as amended. Dollar equivalents are computed for reporting purposes to provide a common denominator for the currencies of the many countries involved. Foreign currencies on hand and on deposit and loans under section 104(e) of the Agricultural Trade Development and Assistance Act of 1954, as amended, are stated at the rates as of June 30, 1973, at which the United States could purchase currencies on the market for regular operating purposes. Other loans are stated at the rates at which they are to be repaid or at rates in effect when the loans were extended. Currencies that are dohar denominated or guaranteed as to rate of exchange are stated at rates specified in the agreements.
NOTE.—Business- and non-business-typc activities report pursuant to Department Circular No. 966, Revised, dated Dec. 20,1972, and Treasury Fiscal Requirements Manual Transmittal Letter No. 95. Statements of financial condition are published semiannually in the monthly Treasury Bulletin for business-type activities, and annually for all other funds.
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318 19 73 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 109.—Statement of loans outstanding of Government corporations, other business-type activities, and regular governmental activities, June 30, 1973
[In thousands of dollars]
Type of loan and lending agency
U.S. dollar loans
Pubhc enterprise
Total and trust revolving
funds 1
Foreign Other currency
activities loans 2
To AID AGRICULTURE
Loans to cooperative associations: Economic opportunity loan fund Farmers Home Administration:
Agricultural credit insurance fund Rural development insurance fund
Crop, livestock, and commodity loans: Commodity Credit Corporation Farmers Home Administration:
Agricultm-al credit insurance fund Storage facihty and equipment loans:
Federal ship financing fund, revolving fund.. Maritime Administration
Other loans: Expansion of defense production:
Interior Department Treasury Departmerit
Defense production guarantees: Air Force Department Army Department Navy Department
Other purposes: Commerce Department:
Economic Development Administrarion: Economic development revolving furid...
National Oceanic and Atmospheric Administration:
Fisheries loan fund Promotion of industry and commerce:
Trade adjustment assistance Interior Departmerit:
Geological Survey Transportation Department:
Right-of-way revolving fund Urban mass transportation fund
General Services Administration: Reconstruction Finance Corporarion liqui
dation fund - - -Small Business Administration:
Business loan and investment fund
4,347 114,632
4,347
18.787 32,189 .
18,787
1,571 2,819
15 461
2,722
305,558
7,509
8,075
2,504 .
78, 061 42, 499
1,571 2,819
15 481
2,722
305,558 .
7,509 .
78,061 42,499
Total to aid industry - - -
To AID EDUCATION
Health, Education, and Welfare Department: National Institutes of Health:
Loans to insritutions: Health professions education fund Nurse training fund -Other student loan programs
Oflice of Education: Elementary and secondary educational acti
vities Higher educational activities, loans to institu
tions Higher educational activities, advances for re
serve funds - -. Higher education facihties loans fund Loans to students in institutions of higher
education Student loan insurance fund Social and Rehabihtation Service:
Assistance to refugees in the United States.. Housing and Urban Development Department:
Cohege housing loans
3 29,521 313,616 271,542 .
1,256 ,
10,039 .
19,591 3 478,074
1,989,521 87,846
29,158 .
3 3,266, 098
3 2a 521 . 3 13,616
3 478,074 .
'"87," 846'.
114,832 .
32,189 .
8,075 .
2,504
. 31,404, 910
2,026 724
3 1,404,910 . . .
1,869, 324 157, 400
271,542
1,256
10,039
19,591
3 3,268,098 .
1,989,521
29,156
Total to aid education.
Footnotes at end of table.
8,196,260 3,875,155 2,321,105
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320 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 109.—Siatement of loans ouistanding of Government corporations, other business-type activities, and regular governmental activities, June 30, 1973—Con.
[In thousands of dollars]
Type of loan and lending agency
U.S. dollar loans
Pubhc enterprise
Total and trust revolving
funds 1
Foreign Other currency
activities loans 2
To AID STATES, TERRITORIES, ETC.
Commerce Department: Economic Development Administration:
Economic development revolving fund Health, Education, and Welfare Department:
Health Services and Mental Health Administration:
Medical facihties guarantee and loan fund Other loans
Housing and Urban Development Department: Urban renewal programs Low-rent pubhc housing fund Public facility loans Revolving fund, liquidating programs
Interior Departmerit: Bureau of Reclamation Office of Territories:
Alaska pubhc works Loans for rehabilitation in Guam
Loans to the District of Columbia
155,973 155,973
5,064 30,150 .-.
172,803 49,332
3 462,085 73,430
172,324
5,064
172,803 49,332
3 462,065 73,430
529 32,208 - ---685,397
Total to aid States, Territories, etc
FOREIGN LOANS
Funds appropriated to the President: Liquidation of foreign mUitary sales fund Military assistance credits in liquidation Agency for International Development:
Ahiance for Progress, development loans Common defense, economic, and triangular
trade loans-Development loans -Development loan fund hquidation account... Loans to foreign firms and U.S. firms in
foreign countries Loans of predecessor agencies in liquidation... Other loans.
Housing and Urban Development Department: Plousing for the elderly or handicapped Low-rent public housing fund.- . . Nonprofit sponsor assistance Rehabilitation loan fund- --Revolving fund, liquidating programs
519,940,347 513,739, oi2 8, 201, 335 5,189,247
523,310 823
2,900 197,877 3,339
3 523,310 623
2,900 197,877 3,339
Footnotes at end of table.
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STATISTICAL APPENDIX 321 TABLE 109.—Statement of loans outstanding of Government corporations, other
business-type activities, and regular governmental activities, June 30, 1973—Con.
[In thousands of dollars]
Type of loan and lending agency Total
U.S. dollar loans
Pubhc enterprise and trust revolving
funds 1
Foreign Other currency
activities loans 2
OTHER LOANS—Continued
Interior Departmerit: Bureau of Indian Affairs:
Revolving fund for loans 28,038 Justice Department:
Law Enforcement Assistance Administration- - - 100,460 State Department:
Emergencies in the diplomatic and consular service 1,008
General Services Administrarion: Liquidation of Virgin Islands Corporarion 5,580 Surplus property credit sales and liquidation
activities 96,535 Veterans Administration:
Veterans insurance and indemnities 1,268 National service hfe insurance fund 918,499 Service-disabled veterans insurance fund- - - 14,065 Soldier-s and sailors civil rehef 4 U.S. Government life insurance fund 67,188 Veterans reopened insurance fund- 14,424 Veterans special hfe insurance fund 33,821 Vocational rehabihtation revolving fund 295
SmaU Business Administration: Disaster loan fund -- 3 1,271,820
Total other loans 3,279,052
Totalloans 6 M3,772,568
28,038 .
5,580
916,499 . 14,065 .
4 , 67,188 . 14,424 33,821
295 .
31, 271, 820 .
3, 079, 783
100,460 .
1,008
96,535 .
1,268 .
19a 269 •
33,971,263 9,801,303 5,189, 247
1 Includes trust funds. 2 The dollar equivalents of these loans are computed for reporting purposes at varying rates. If the loan
agreements stipulate a dollar denominated figure, the loans outstanding are generally valued at the agreement rates of exchange. Loans executed in units of foreign currency are valued at the market rates (i.e., the rates of exchange at which the Treasury sells such currencies to Government agencies).
3 Participation certificates have b(ien issued against certain of these loans under trust agreements by the Government National Mortgage Association, participation sales fund.
4 Represents receivables of $13 million from Greece, $114 mihion from Turkey, $2,768 million from the United Kingdom, and the Japan-Ryukyu Islands settlement receivable of $185 million.
5 Loans of the Export-Import Bank of the United States amounting to $8,586 milhon and loans of the Rural Electrification Administration (including the Rural Telephone Bank) amounting to $6,812 mihion are excluded. Pursuant to an act approved Aug. 17,1971 (12 U.S.C. 835 (a)), the net outlays ofthe Bank were r-eclassified outside the unified budget effective as of the close of business Aug. 16, 1971. Most outlays of the Rural Electrification Administration were reclassified outside the unified budget as of the close of business May 11, 1973, as provided by an act approved May 11,1973 (87 Stat. 65-71). Excludes foreign military credit sales and military credit sales to Israel amounting to $958 million, and Defense Department, Army, construction of power systems, Ryukyu Islands loans of $9 milhon. Statements showing these loans were not received by the Department of the Treasury.
6 Excludes World War I funded and unfunded indebtedness of foreign governments, and certain other credits shown in table 102.
7 Does not include foreign currericy loans.
NOTE.—The loan account/expenditure account distinction was discontinued in the fiscal year 1972 pursuant to the Oflice of Management and Budget Circular No. A-11, Revised, dated June 12, 1972. Data formerly classified in the loan account is still published monthly in the Treasury Bulletin while the need for such data is being assessed. This table excludes interagency loans. The Treasury Bulletin for January 1974 includes statistical statements of financial condition by agencies as of June 30, 1973.
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322 1973 REPORT OF THE SECRETARY OF THE TREASURY
TABLE 110.—Dividends, interest, and similar earnings received by the Treasury from Government corporations and other business-type activities, fiscal years 1972 and 1973
Agency and na tu re of earnings A m o u n t s
1973
Agency for In te rna t iona l Deve lopmen t : Deve lopmen t loan fund hqu ida t ion accourit, earnings M u t u a l defense program—economic assistance, interest on borrow
ings Commerce D e p a r t m e n t :
Economic Deve lopmen t Assistance, economic deve lopment revolving fund, interest on loans
Na t iona l B u r e a u of S tandards , working capital fund, earnings C o m m o d i t y Credi t Corporat ion:
In teres t on capi ta l s t o c k . . . In te res t on borrowings
Expo r t - Impor t B a n k of t he Un i t ed States: Regular act ivi t ies :
D iv idends Iriterest on borrowings
Fa rmer s H o m e Admin i s t r a t ion : Di rec t loan account, i iriterest on borrowings R u r a l deve lopment insurance fuiid,i interest on borrowings R u r a l housing insurance fund, interest on borrowings Agr icul tura l credit insurance fund,i interest on borrowings
Federa l Hous ing Admin i s t ra t ion : General insurance fund, interest on borrowings Special risk insurance fund, interest on borrowings .
General Services Admin i s t r a t ion : A u t o m a t i c d a t a processing fund, earnings Federa l te lecommunica t ions fund, earnings Wilham Langer Jewel Bearing P l a n t revolving fund, earnings Working capital fund, earnings
G o v e r n m e n t Na t iona l Mortgage Association: Management and l iqu ida t ing functions, interest on borrowings Special assistance functions, interest on borrowings
Gove rnmen t P r in t i ng Office, earnings H e a l t h , Educa t ion , and Welfare D e p a r t m e n l :
N a t i o n a l Ins t i tu tes of Hea l th : Hea l th professions educat ion fund:
In te res t on appropr ia ted funds Nur se t ra in ing fund:
In te res t on appropr ia ted funds Office of Educa t ion :
Higher educat ion facilities loans fund: In te res t on appropr ia ted funds and capital
In ter ior D e p a r t m e n t : B u r e a u of Reclamat ion:
Colorado River D a m fund, Boulder Canyon project, i n t e r e s t . . . Uppe r Colorado River storage project, in teres t .
Olfice of Economic O p p o r t u n i t y : Economic oppor tun i ty loan fund, interest on appropr ia t ions
P a n a m a Canal C o m p a n y , interest on net direct i nves tmen t of t he Gove rmnen t
R u r a l Electrification Admin i s t ra t ion , interest on borrowings R u r a l Te lephone B a n k , d ividend Secretary of Hous ing and U r b a n Deve lopment :
College housing loans, interest on b o r r o w i n g s . . Low-rent publ ic housing fund, interest on borrowings Na t iona l flood insurance fund, interest on borrowings . - . Pub l i c facility loans, in teres t on borrowings U r b a n renewal fund, interest on borrowings - - - -
Small Business Admin is t ra t ion , interest on appropr ia t ions . - - -Tennessee Valley Au tho r i t y :
Earn ings - - . -In teres t on borrowings
Veterans Admin i s t r a t ion : Direct loans to veterans and reserves, interest on borrowings Ren ta l , ma in tenance , and repair of quar ters , profits- .
Defense P roduc t ion Act of 1950, as amended: General Services Admin i s t ra t ion , interest on bor rowings . . -Secretary of Agricul ture , interest on borrowings
1 I n accordance wi th an act approved Aug . 30, 1972 (7 U . S . C . 1929(g)(1)), t h e direct loan account w a s abolished and i ts assets, liabUities, and authorizat ions were transferred to the agricultural credit insurance fund. All ou t s tand ing securities of t he agricultural credit insurance fund as of Aug. 30,1972, were transferred to t h e rura l deve lopment insurance fund which was established b y th is act.
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T.VBLE 111.—Direct sales and repurchases of loans, fiscal years 1963-73 and monthly 1973
Housing and U r b a n Deve lopmen t D e p a r t m e n t
Gove rnmen t Nat iona l Mortgage
Association i
Sales
307 . 144 . 264 .
6 .
3 2, 300 .
229 . 171 . 136 -137 -53 -
191 -356 -305 . 544 -179 -
R e p m -chases
Oflice of Secretary 2
Sales R e p u r chases
34 104 33 11
Small Business Admin i s t r a t i on
Sales
5 . 5 .
31 . 120 .
2
(*) (*)
30
R e p u r chases
2 15 6
(*) 2 1
Veterans Admin i s t r a t ion
Sales
480 . 342 . 327 . 105 . 71
2
(*) 38 244 388 488
27 43 13 36
88
73 88 4
60 76
R e p u r chases
41 24 17 12 12 19 25
1 2 2 2 2 2 2 2 2 2 4 2
S > H-l
1—(
0
^ > ^ w ^ t-l M
X
' This Association was created effective Sept. 30, 1968, by an act approved Aug. 1, 1968 (12 U.S.C. 1718b). It retained the assets and habihties of the previously existing corporation accounted for under 12 U.S.C. 1720 and 1721 and will continue to operate the functions authorized by these two sections. Excludes sales and purchases of the secondary market operations of the Federal National Mortgage Association which was
converted to private ownership effective Sept. 30,1988, by an act approved Aug. 1,1988 (12 U.S.C. 1716b).
2 Includes college housing, housing for the elderly, and pubhc facihty loans. 3 Includes sales made under the Tandem plan. •Less than $500,000. " 00
CO
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324 1973 REPORT OF THE SECRETARY OF THE TREASURY
Government Losses in Shipment
TABLE 112.—Government losses in shipment revolving fund, June 30, 1973
[Established July 8, 1937, urider authority of the Government Losses in Shipment Act, as amended (40 U.S.C. 721-725)]
SECTION I . -STATUS OF FUND
Cumulative Fiscal year Cumulative Transactions through 1973 through
June 30, 1972 June 30, 1073
Receints: Appropriarions $3,117, OOO 00 $300,000. 00 $3,417, OOO 00 Transferred from securities trust fund pursuant to:
40 U.S.C. 723 91,803.13 . . . . 91,803.13 Transferred from the account "Unclaimed partial pay
ments on U.S. savings bonds" pursuant to: Pubhc Law 85-354 50,00000 50,000.00 Public Law 86-581. 100,000 00 lOaOOaOO Public Law 87-575 525,00000 525,00000
Recoveries of payments for losses 550,618.07 650,616.07 Repayments to the fund 3,924.32 771.71 4,69003
Total receipts 4,438,343.52 300,771.71 4,739,115.23
Experiditures: Payment for losses 4,435,873.58 294,152.91 4,730,02049 Other payments (refunds, etc.) 92.57 92.67
Total expenditures 4,435,96015 294,152.91 4,730,lia06
Balance in fund 2,377.37 -f6,618.80 8,99017
NOTE.—This statement excludes contingent liabilities for pending claiins against the fund as of June 30, 1973, totaling $136,419.33.
SECTION I I . - A G R E E M E N T S OF INDEMNITY ISSUED BY THE DEPARTMENT OF THE
TREASURY
Agreements of Indemnity i Number Amount
Issued through June 30, 1972. 1,991 $5,189,423.28
Issued during fiscal year 1973 29 205,188.42 Totalissued 2,020 5,394,591.70
Canceled through June 3a 1973 34 1,058,192.03 In force as of June 30, 1973.. 1,986 4,336,39a 67
1 The Goverimient has not sustained any actual monetary loss in connection with its liability under these agreements of indemnity.
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STATISTICAL APPENDIX 3 2 5
TABLE 112.—Government losses in shipment revolving fund, June 30, 1973—Con.
SECTION III . -CLAIMS MADE AND SETTLED
Claims Number Amount
Received: Through June 30, 1972... 10,707 $11,875,687.73 During fiscal year 1973 and processed by:
Bureau of Accounts... 71 244,770 41 Bureau of the Pubhc Debt 264 260,06a 61
Total claims received through June 30, 1973 11,042 12,370,523.75
Settled: Through June 30, 1972 10,704 11,873,757.87 During fiscal year 1973 and processed by:
Bureau of Accounts: For paynient out of the fund 45 43,288.50 For credit in appropriate accounts 9 118,138.46 Without payment or credit 200. 00
Bureau of the Pubhc Debt: For payment out of the fund:
U.S. savings bonds redemption cases. 285 250,884.41
Total claims settled thiough June 3a 1973 11,023 12, 286,24a 24 Unadjusted asof June30, 1973 . , 19 84,274.51
Total 11,042 12,370,523.75
Personnel
TABLE 113.—Number of employees in the departmental and field services of the Department of the Treasury quarterly from June 30, 1972, to June 30, 1973 ^
Increase, or de-
Organizational unit June 30, Sept.30, Dec, 31, Mar. 31, June 30, crease (—) 1972 1972 1972 1973 1973 since
June 30, 1972
Office of the Secretary 2 I,G64 1,035 1,088 1,108 1,214 150 Alcohol, Tobacco and Firearms, Bureau
of3 3,739 3,837 3,839 3,762 3,762 Consohdated Federal Law Enforcement
Training Center 54 05 68 66 76 22 Comptroller of the Currency, Office of 2,267 2,216 2,227 2,202 2,652 285 Engraving and Prinring, Bureau of 3,530 3,512 3,525 3,455 3,378 -152 Fiscal Service:
Accounts, Bureau of 1,517 1,406 1,528 ' 1,542 1,552 35 Pubhc Debt, Bureau of the 1.965 1,908 1,971 1,017 1,961 - 4 Treasurer of the United States, Office of
the ---- 963 979 1,037 1,031 1,004 41 Internal Revenue Service 72,824 69,572 72,129 ^82,637 71,005 -1,619 Mint, Bureau of the 2,424 2,439 2,480 2,468 2,455 • 31 U.S. Custom's Service 14,851 14,450 14,484 14,230 14,337 -614 U.S. Savings Bonds Division 480 487 471 463 461 -19 U.S. Secret Service 2,874 2,759 2,835 2,836 2,798 -76
Total employees. 104,613 104,637 107,680 117,792 106,555 1,942
& ^__________ 1 Actual riumber of employees on the last day of tho month and any intermittent employees who worked
at any time during the morith. 2 Includes Office of the Assistant Secretary for International Affairs. 3 Became a separate bureau July 1, 1972. 4 Includes seasonal employees.
if U.S. GOVERNMENT PRINTING OFFICE : 1974 0—526-680
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis