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FOR THE FISCAL YEAR ENDED JUNE 30, 1970

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DEPARTMENT OF THE TREASURY

DOCUMENT NO. 3251A

Secretary

U.S. Government Printing Office, Washington : 1971

For sale by the Superintendent of Documents, U.S. Government Printing Office Washington, D.C. 20402 - Price 31.50 (paper cover)

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CONTENTS . Page

Bases of tables.-.-_-_.._ 1

TABLES

SUMMARY OF FISCAL OPERATIONS

1. Summary of fiscal operations, fiscal years 1954-70 arid monthly 1970_ 6

RECEIPTS AND OUTLAYS

2. Receipts and outlays, fiscal years 1789-1970 8 3. Refunds of receipts, fiscal years 1954-70 17 4. Budget receipts, expenditures, and lending, fiscal years 1969 and 1970. 18 5. Means of financing, fiscal years 1969 and 1970 34 6. Investments of Government accounts in Federal securities (net)

fiscal years 1969 and 1970_>__ 36 7. Receipts by departments and agencies, fiscal year 1970 38 8. Budget receipts and outlays monthly and total for fiscal year 1970-_ 39 9. Budget receipts by sources and outlays by major functions, fiscal

years 1961-70 - i 42 10. Internal revenue collections by tax sources, fiscal years 1936-70 46 11. Internal revenue collections and refunds by States, fiscal year 1970_ 52 12. Deposits of earnings by the Federal Reserve banks, fiscal years

1947-70-— 53 13. Customs collections and payments by regions and districts, fiscal

year 1970 54 14. Summary of customs collections and expenditures, fiscal years 1969

and 1970 , 56 15. Postal receipts and expenditures, fiscal years 1926-70 57 16. Seigniorage on coin and silver bullion, January 1, 1935-June 30, 1970_ 58

FEDERAL DEBT

I.—Outstanding 17. Federal securities outstanding, fiscal years 1954-70 58 18. Federal securities held by the public, fiscal years 1954-70 59 19. Principal of the public debt, fiscal years 1790-1970 60 20. Investment holdings of Govemment accounts in Federal securities,

June 30,1968-70 62 21. Debt subject to statutory limitation, outstanding June 30, 1940-70-- 65 22. Public debt outstanding by classification, June 30, 1960-70 66 23. Securities issued by Government agencies subject to statutory debt

limitation, June 30, 1960-70 70 24. Interest-bearing securities issued by Federal agencies, fiscal years

1954-70 - 72 25. Maturity distribution and average length of marketable interest-

bearing public debt, June 30, 1946-70 -- 74 26. Summary of the public debt on an accounting basis, June 30, 1970 75 27. Public debt securities outstanding on an accounting basis, June 30,

1954-70 -- 76 28. Description of public debt issues outstanding, June 30, 1970 77 29. Description of agency securities and D.C. Armory Board Stadium

bonds subject to statutory limitation, June 30, 1970-- 105 30. Debt subject to statutory limitation, June 30, 1970 107 31. Debt limitation under the Second Liberty Bond Act, as amended,

1917-70 108

II.—Operations 32. Public debt receipts and expenditures by classes, monthl}^ for the

fiscal year 1970 and totals for 1969 and 1970 110 III

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IV CONTENTS

Page 33. Changes in public debt issues, fiscalyear 1970 124 34. Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, July 1969-June 1970 158 35. Allotments by investor classes on subscriptions for public marketable

securities, fiscal year 1970 203 36. Allotments of Treasury notes issued during the fiscal year 1970, by

Federal Reserve districts 205 37. Statutory debt retirements, fiscal years 1918-70 208 38. Cumulative sinking fund, fiscal years 1921-70 209

III.—U.S. savings bonds and notes 39. Sales and redemptions of Series E through K savings bonds by

series, fiscal years 1941-70 and monthly 1970 210 40. Sales and redemptions of Series E and H savings bonds by denomina­

tions, fiscal years 1941-70 and monthly 1970 215 41. Sales and redemptions of U.S. savings notes, fiscal years 1967-70 and

monthly 1970 217 42. Sales of Series E and H savings bonds by States, fiscal j^ears 1969,

1970, and cumulative 218 43. Savings bonds outstanding, by series and denomination, as of June 30,

1970 219

IV.—Interest 44. Amount of interest-bearing public debt outstanding, the computed

annual interest charge, and the computed rate of interest, June 30, 1939-70, and at the end of each month during 1970 220

45. Computed annual interest rate and computed annual interest charge on the public debt by classes, June 30, 1950-70 222

46. Interest on the public debt by classes, fiscal years 1966-70 224

V.—Prices and yields of securities 47. Average yields of taxable long term Treasury bonds by months,

October 1941-June 1970 225 48. Prices and yields of marketable public debt issues, June 30, 1969, and

June 30, 1970, and price range since first traded 226

VI.—Ownership of Federal securities 49. Estimated ownership of Federal securities outstanding June 30,

1960-70 228 50. Summary of Treasury survey of ownership of Federal securities,

June 30, 1969 and 1970 230 ACCOUNT OF THE TREASURER OF THE UNITED STATES

51. Assets and liabilities in the account of the Treasurer of the United States, June 30, 1969 and 1970 232

52. Accountability of the Treasurer of the United States on an accounting basis, June 30, 1954-70 233

53. Analysis of changes in tax and loan account balances, fiscal years 1960-70 234

STOCK AND CIRCULATION OF MONEY IN THE UNITED STATES

54. Currency and coin outstanding, in the Treasury, in the Federal Re­serve banks, and in circulation, by kinds, June 30, 1970 236

55. Stock of money by kinds, selected years, June 30, 1935-70 238 56. Money in circulation by kinds, selected years, June 30, 1935-70 240 57. Location of gold, coin, and coinage metals held by the Treasury,

June 30, 1970 241 58. Paper currency issued and redeemed during the fiscal year 1970 and

outstanding June 30, 1970, by classes and denominations 242

TRUST AND OTHER FUNDS

59. Civil service retirement and disability fund, June 30, 1970 243 60. Employees health benefits fund, Civil Service Commission, June 30,

1970 - 246

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CONTENTS V

Page 61. Retired employees health benefits fund, Civil Service Commission,

June 30, 1970 247 62. Employees' life insurance fund, Civil Service Commission, June 30,

1970 248 63. Federal disability insurance trust fund, June 30, 1970 250 64. Federal hospital insurance trust fund, June 30, 1970 252 65. Federal supplementary medical insurance trust fund, June 30, 1970— 254 66. Federal old-age and survivors insurance trust fund, June 30, 1970 255 67. Foreign service retirement and disability fund, June 30, 1970 258 68. Highway trust fund, June 30, 1970 - 259 69. Judicial survivors annuity fund, June 30, 1970 260 70. Library of Congress trust funds, June 30, 1970 261 71. National service life insurance fund, June 30, 1970 262 72. Pershing Hall Memorial fund, June 30, 1970 263 73. Railroad retirement account, June 30, 1970 264 74. Railroad retirement holding account, June 30, 1970 266 75. Railroad retirement supplemental account, June 30, 1970 266 76. Unemployment trust fund, June 30, 1970. 267 77. U.S. Government life insurance fund, June 30, 1970 274

FEDERAL AID TO STATES

The table ^^Federal grants in aid to States and local governments' is published as a separate document, heginning with report for fiscal 1969.

CUSTOMS OPERATIONS

78. Merchandise entries, fiscal years 1969 and 1970 275 79. Carriers and persons arriving in the United States, fiscal j'-ears 1969

and 1970 275 80. Aircraft and aircraft passengers entering the United States, fiscal

years 1969 and 1970 276 81. Seizures for violations of customs laws, fiscal years 1969 and 1970 277 82. Investigative activities, fiscal years 1969 and 1970 278 83. Principal commodities on which drawback was paid, fiscal years 1969

and 1970 278

ENGRAVING AND PRINTING PRODUCTION

84. New postage stamp issues delivered, fiscal year 1970 279 85. Deliveries of finished work by the Bureau of Engraving and Printing,

fiscal years 1969 and 1970 279 86. Statement of financial condition June 30, 1969 and 1970 280 87. Statement of income and expense, fiscal years 1969 and 1970 282 88. Statement of source and application of funds, fiscal years 1969 and

1970 283

INTERNATIONAL CLAIMS

89. Status of Class III awards of the Mixed Claims Commission, United States and Germany, and Private Law 509 as of June 30, 1970 283

90. Status of claims of American nationals against certain foreign gov­ernments as of June 30, 1970 284

INTERNATIONAL FINANCIAL TRANSACTIONS

91. U.S. net monetary gold transactions with foreign countries and in­ternational institutions, fiscal years 1945-70 285

92. U.S. reserve assets, fiscal years 1958-70 287 93. U.S. liquid liabilities to foreigners, fiscal years 1958-70 288 94. International investment position of the United States, by area, at

yearend 290 95. Assets and liabilities of the Exchange Stabilization Fund as of June

30, 1969 and June 30, 1970 293 96. Summary of receipts, withdrawals, and balances of foreign currencies

acquired by the U.S. Government without payment of dollars, fiscalyear 1970 295

97. Balances of foreign currencies acquired by the U.S. Government without payment of dollars, June 30, 1970 296

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VI CONTENTS

INDEBTEDNESS OF FOREIGN GOVERNMENTS Page

98. Indebtedness of foreign governments to the United States arising from World War I as of June 30, 1970 298

99. Status of German World War I indebtedness as of June 30, 1970--- 299 100. Outstanding indebtedness of foreign countries on U.S. Government

credits (exclusive of indebtedness arising from World War I) as of June 30, 1970, by area, country, and major program 300

101. Status of accounts under lend-lease and surplus property agreements (World War II) as of June 30, 1970 304

CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES OF THE FEDERAL GOVERNMENT

102. Comparative statement of securities of Government corporations and other business-type activities held by the Treasury, June 30, 1960-70 - 306

103. Capital stock of Government agencies held by the Treasury or other Government agencies June 30, 1969 and 1970, and changes during 1970. _--_ 308

104. 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, 1970 309

105. Description of securities of Government corporations and other business-type activities held by the Treasury, June 30, 1970 310

106. Summary statements of financial condition of Government corpora­tions and other business-type activities, June 30, 1970 315

107. Statement of loans outstanding of Government corporations and other business-type activities, June 30, 1970 317

108. Dividends, interest, and similar earnings received by the Treasury from Government corporations and other business-type activities, fiscal years 1969 and 1970 321

109. Direct sales and repurchases of loans, fiscal years 1963-70 and monthly 1970 - - 323

GOVERNMENT LOSSES IN SHIPMENT

110. Government losses in shipment fund, June 30, 1970 324

PERSONNEL

111. Number of employees in the departmental and field services of the Department of the Treasury quarterly from June 30, 1969, to June 30, 1970 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 Ex­penditures 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 office 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 account^ held in the name of Government officers 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 Expenditures 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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2 197 0 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 aniounts deposited during one fiscal year were reported as the next year's receipts.

Reports of expenditures were based on the aniount of accountable and settle­ment warrants issued and charged to appropriation accounts. Since accountable warrants covered advances to disbursing officers, rather than actual payments, reported expenditures necessarily included the changes in balances of funds remaining unexpended to the credit of disbursing officers 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 intemal revenue and customs statistics, foreign currency transactions in the accounts of the Secretary of the Treasury, and financial statements of Government 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 intemal control.

The central accounts relating to cash operations disclose monthly and fiscal year inforniation 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, and 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 whicii are not earmarked by law for a specific purpose. Gen­eral fund receipts consist principally of internal revenue collections, which in­clude income taxes, excise taxes, estate, gift, and employment taxes. The

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STATISTICAL APPENDIX 3

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.—General 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.

ConsoUdated 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.

Transfer appropriation accounts.—These accounts are established to receive (and subsequently disburse) allocations which are treated as nonexpenditure

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4 19 70 REPORT OF THE SECRETARY OF THE TREASURY

transactions at the time the allocation is made including 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 determinaton 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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1970 REPORT OF THE SECRETARY OF THE TREASURY

Summary of TABLE 1.—Summary of fiscal operations,

[On basis of "Monthly Statement oiReceipts and Expenditures

Fiscal year or month

1954 1955 1956 1957 1958-1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1969-July..

Aug.. . Sept . . Oc t . . . N o v . . Dec . . .

1970-Jan... Feb . . . Mar.. . Apr . . . May . . June . .

Budget receipts, expenditures, and lendkig

The expenditure account

Net receipts

$69,719,267,604 66,468,612,716 74,647,008,760 79,989,824,460 79,635,842,936 79,249,126,696 92,492,109,550 94,388,726,938 99,675,605,041

106,560,254,738 112,661,852,497 116,833,423,592 130,856,967,456 149,662,405,078 153,671,422,120 '•187,784,462,748 193, 743,250, 789 12,541, 688,994 14, 999,421,492 20,406, 963,159 11,832,178,033 14,331, 562, 939 16,701,061,781 16,302, 808,436 14, 929, 276, 867 13,109,893,448 22,042, 867,435 13, 986, 626, 624 22,660, 923, 691

Net expenditures

n.a. n.a. n.a. n.a.

$81,031,302,611 89,445,950,997 90,341,104,626 96,596,688,116

104,461,830,606 111,466,073,478 118,039,187,824 117,180,773,187 130,819,900,519 153,200,978,496 172,802,491.141 '•183,071,967,248 194,459, 543,206 15,642,327,069 16, 790,037,001 17,167,312, 276 17, 601,528, 875 15, 225,350,609 15, 228, 828,419 16,563, 652,047 14, 990,425, 667 16,301, 382,086 17, 867,179,186 16,320, 786, 846 14,870,733,237

Surplus, or deficit ( - )

n.a. n.a. n.a. n.a.

-$1,396,459,676 -10,196,824,401

2,151,004,925 -2,207,961,178 -4,786,226,566 -4,896,818,740 -5,377,335,327

-347,349,596 36,066,937

-3,648,573,418 -19,131,069,022

4,712,495,500 -716,292,416

-3,000, 638,065 - 1 , 790, 615, 609

3, 238, 660, 884 - 5 , 769, 350, 842

-893, 797,571 1,472, 223,362 -260, 843, 611 -61,149,809

-3,191,488,638 4,186, 688, 249

-2,336,161, 222 7, 690,190,354

The loan account i

Loan disburse­

ments

n.a. n.a. n.a. n.a.

$6,519,941,000 7,869,473,000 8,309, 688,000 7,868,998,000 9,621,496,000 9,646,230,000

10,237,106,000 10,911,140,000 14,628,467,000 17,675,884,718 20.327.068,463 13,167,394,765 8, 343, 707, 335

470,050, 944 684, 775, 652 775,404, 889 819,479, 365 613, 295,604 686, 825,144 633,494,380 581,191,927 749, 744,118 663, 764,365 608, 586, 749

1,357,094,196

Loan repayments

n.a. n.a. n.a. n.a.

$4,976,161,000 5,200,965,000 6,427,339,000 6,671,107,000 7,270,733,000 9,791,169,000 9,692,585,000 9,662,168,000

10,796,441,000 12,622,606,574 14,296,904,552 11,691,193,471 6, 215,464,908

317, 674, 368 268, 813,438 327,009,369 477,217, 841 377,168,894 826,888, 618 697, 749,980 685, 666,499 511,851,341 364,040,162 484,647, 767 876,947, 742

Net lending

n.a. n.a. n.a.

-$1,543,790, doo -2,658,508,000 -1,882,249,000 -1,197,891,000 -2,350,763,000

144,929,000 -544.520,000

-1,248,972,000 -3,832,026,000 -5,053,278,144 -6,030,163,901 -1,476,201,294 -2,128,242,426

-152,476,586 -316,962,213 -448,395,620 -342,261,524 -236,136, 711

140,063,373 164, 265,600 104,473,571

-237,892, 778 -199, 724, 203 -124,038,982 -480,146,464

' Revised. n.a. Not available. » Data for fiscal years 1958-66 from 1969 budget document, released Jan. 29,1968. « For content, see table 17. ' For content, see table 18.

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STATISTICAL APPENDIX

Fiscal Operations fiscal years 1964-70 and monthly 1970

ofthe United States Government," see "Bases of Tables"]

Budget receipts, expenditures, and lending—Continued

Outlays (expenditures

and net lending)

$70,889,744,341 68,609,184,178 70,460,329.329 76,740, 682. 604 82,575,092. 611 92,104.468.997 92,223.353,625 97,794, 579,116

106,812. 593,606 111, 311,144,478 118, 583, 707,824 118.429, 745.187 134, 651,926, 519 158, 254. 256. 640 178.832. 656. 042

r 184, 548.168, 542 196, 687,785, 632 15, 694,803, 645 17,105.999,214 17,615, 707,795 17,943.790,399 15,461,487.220 15,088, 765,046 16.399.396,447 14.885.952.096 16.539, 274,863 18.066,903,389 16,444,825,828 15,350,879,691

Budget surplus, or

deficit ( - )

-$1,170,476,837 -3,040,571,462

4,086,679,431 3,249,241,956

-2,939, 249, 676 -12,855,332.401

268, 755,926 -3,405, 862,178 -7,136,988. 565 - 4 , 760,889, 740 -5,921. 855.327 - 1 . 596.321, 595 - 3 . 795,959. 063 - 8 , 701.851. 661

-25.161,232,923 3,236, 294,206

-2.844, 534.843 -3.153,114, 661 -2.106,577, 722

2, 790, 255,364 - 6 , 111, 612,365 -1.129,934.281

1.612,286, 735 -96, 688, Oil

43,323, 762 -3,429,381,415

3,985,964.046 -2,459,200.204

7,210.043.900

Selected balances, end of period

Federal securities

$272,223.065,108 275,933.494,339 274, 604,664.349 273.420, 743,258 280,310. 750,260 289, 745.991,938 293,100, 313, 785 295,448,189.882 306.128.179. 640 313.982.733.188 320,344.400. 566 326. 609, 052, 266 333.283,859,338 344. 676.264.466 371, 977,865,716 367,969.306. 637 383,428,409, 505 372, 584,461,627 372,930,193,117 374, 785,170, 676 378,446, 527,155 382,017, 054,923 382,045, 396,865 381.327.196,170 381,812,862,938 384,994, 283,247 380,141.723.264 383,757.391.159 383,428.409,506

Federal securities held by

the public ^

$224.499,347,683 226, 616, 602,364 222.226.806.401 219.421,416,472 226.363.338. 768 235, 002, 786.899 237,176,808,656 238, 603,936,167 248.373.176. 502 264.461,302,259 257, 663, 066, 891 261, 613, 962,465 264, 690.415. 677 267, 528,868, 721 290.629, 298.865 279.483,009,885 284,880, 256.929 283,929, 791,333 284.608,308,336 284,232,824,363 288,620,833, 749 291.306, 236, 738 289.293,774,286 289,099, 726, 643 288,960,813.053 291,275,117,304 286,584.394.776 288,036,156,118 284,880. 255,929

General account of the

Treasurer of the UnitedStates*

$6,738,565,437 6,266,781,422 6, 799, 668.033 5.648,470,259 9, 797,462,839 5.391,691,923 8.156.018,136 6, 770, 617, 586

10,604,210, 952 12.380,408.389 11,116.139.804 12, 709,996. 684 12.449, 615,322 7,878. 619,874 6, 784. 692, 839 7,644,408.390 9.290.801,616 6,650,431,546 4,897. 641,431 7,656. 797,669 6,428,902,589 7.436,495,068 6,241.246,870 7.593.067,393 7,648.673.066 7.874,779.927 8,494.548,285 6,834.198, 207 9,290,801,616

Other cash and monetary

assets

$2,820,303,610 2,303,984,346 1,943,614,996 2,662,035,201 3,198,868,818 3,174,407,652 2,936,385,245 2,568,141,641 2.534,788,362 2,221,776,329 1,896. 055,937 2,648,116,850 2,459,663,848 2,112,501,319 4,609.826,676 6,962,635,684 5,786,048,482 5, 720.961.125 6, 760.454,910 6,186.376,437 6. 267.724.091 6.207,404.637 6,672. 710,749 7,095,837, 624 6, 795,260.679 6,117,418.184 6.109.071 603 6,603.274, 779 6.786,048.482

4 Includes transactions in transit as of June 30. For content, see table 52. NOTE.—Some of the fiscal 1954-68 data have been revised due to reclassifications in the unified budget

durmg fiscal year 1969.

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8 1970 REPORT OF THE SECRETARY OF THE TREASURY

Receipts and

TABLE 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"]

Year >

1789-91 1792 1793.. 1794 1795 1796 1797. 1798 1799

1800 1801 1802 1803 1804 1805 1806 1807 1808 1809-

1810 1811 1812 1813 1814 1815 1816 1817 1818 1819 -

1820. 1821 1822 1823 1824 1825 1826 1827 1828 1829

1830 1831 1832 1833 1834 1835 1836 1837 1838-. 1839

1840 1841 1842 18431 1844 1845 1846 -1847 1848 1849

Receipts

Cus toms

$4,399,473 3,443.071 4, 255.307 4.801.066 5,588.461 6.567,988 7. 649, 650 7,106, 062 6, 610,449

9,080,933' 10,750,779 12.438,236 10.479.418 11. 098,665 12.936,487 14. 667.698 15.845, 522 16,363,-651 7,296, 021

8.583,309 13,313,223 8,958.778

13.224.623 5.998,772 7,282,942

36.306.875 26.283,348 17,176.385 20,283, 609

15,005,612 13,004,447 17,589,762 19,088,433 17.878.326 20.098,713 23,341.332 19.712.283 23.205.624 22, 681,966

21,922,391 24,224,442 28,465,237 29,032,609 16,214,967 19,391,311 23.409,941 11,169.290 16.168.800 23.137,925

13.499.502 14.487.217 18.187.909 7, 046,844

26.183,571 27, 528.113 26.712,668 23,747,866 31.767,071 28.346,739

I n t e m a l revenue

Income and profits taxes

.

Other

$208,943 337.706 274,090 337.766 475.290 575,491 644,368 779.136

809.396 1, 048.033

621.899 215,180 50,941 21.747 20,101 13,051 8.211 4,044

7,431 2,296 4.903 4.755

1,662,985 4.678.059 5.124.708 2. 678,101

956,270 229,694

106,261 69,028 67,666 34.242 34, 663 26,771 21,590 19,886 17,452 14,603

12,161 6,934

11,631 2,759 4,196

10,459 370

5.494 2.467 2,663

1.682 3.261

496 103

1,777 3,517 2,897

375 375

Other receipts

$19,440 17,946 59.910

356,750 188,318

1,334,262 563, 640 150,076 167, 228

958,420 1.136, 519 1.935.659

369,500 676.801 602,459 872,132 539,446 688,900 473,408

793,475 1,108, 010

837,462 1, 111, 032 3, 619,868 3,768,023 6,246,088 4,137,601 3,463,616 4,090,172

2,768,797 1,499.905 2.675, 000 1,417,991 1,468,224 1,716,374 1,897,512 3,234,195 1,540,654 2.131,168

2,909, 564 4.295.446 3,388,693 4,913.159 5.672,783

16.028,317 27,416.486 13.779.369 10.141.295 8,342,271

5,978,931 2.369.682 1,787,794 1,256,755 3,136,026 2,438.476 2,984,402 2.747.529 3,978,333 2,861,404

To ta l receipts 2

$4.418,913 3.669.960 4.652.923 5,431,906 6.114.534 8.377.530 8.688.781 7.900.496 7,646,813

10.848.749 12,936,331 14,995,794 11.064, 098 11.826,307 13,560, 693 15,559,931 16,398, 019 17,060, 662 7,773,473

9,384,215 14,423, 529 9,801,133"

14,340,410 11,181,625 16.729, 024 47, 677, 671 33,099,050 21.585.171 24,603,375

17.880,670 14,573,380 20,232.428 20.540.666 19.381.213 21,840,858 25,260,434 22,966,364 24,763,630 24,827,627

24,844,116 28, 526,821 31,865,561 33,948.427 21,791,936 35.430,087 50,826,796 24,954,153 26,302,562 31,482,749

19,480,115 16,860,160 19,976.198 8.302,702

29.321,374 29.970.106 29,699,967 26,495.769 35,736,779 31,208,143

N e t receipts

"• '_ [

Footnotes at end of table.

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STATISTICAL APPENDIX 9

Outlays

fiscal years 1789-1970

1952. Beginning with fiscal year 1963 on basis of the "Monthly Statement of Receipts and Expenditures 1789 through 1930. Trust accounts excluded from 1931 through 1953. On basis of "Administrative budget"

Outlays

Department of the Army 3

$632,804 1,100,702 1,130,249 2.639,098 2,480.910 1.260.264 1,039,403 2,009. 522 2,466,947

2,560,879 1,672.944 1.179,148

822,056 875.424 712,781

1,224,355 1,288,686 2,900,834 3.345.772

2.294,324 2,032,828

11,817,798 19,652.013 20,350,807 14,794,294 16,012,097 8.004.237 5. 622.715 6,506,300

2.630,392 4,461.292 3.111,981 3,096,924 3,340,940 3,659,914 3.943,194 3,938,978 4,145, 545 4.724,291

4.767,129 4.841.836 6.446,035 6.704,019 5,696,189 5,759,157

12,169,227 13,682,734 12,8^7,224 8,916,996

7,097,070 8,805,565 6,611,887 2,957,300 5,179,220 5,752.644

10,792,867 38,305,520 25,501,963 14,852,966

Department of the Navy ^

$570 53

6i,'469' 410.562 274.784 382,632

1,381,348 2,858,082

3,448,716 2,111,424

915,562 1,215.231 1,189,833 1, 697, 600 1.649,641 1.722,064 1,884.068 2,427,769

1,664.244 1.966,666 3,959,365 6,446,600 7,311,291 8,660,000 3.908.278 3,314.598 2.953.695 3.847,640

4,387,990 3,319,243 2,224,459 2,603.766 2,904.682 3,049,084 4,218,902 4,263,877 3,918,786 3.308,746

3,239,429 3,856.183 3,956.370 3.901,367 3,956,260 3,864,939 5,807,718 6,646,915 6,131.696 6,182,294

6,113,897 6,001,077 8,397,243

- 3,727,711 6.498,199 6,297,245 6,454,947 7,900,636 9,408,476 9.786,706

Interest on the public debt

$2,349,437 3,201,628 2,772,242 3,490,293 3,189,151 3,195.055 3,300,043 3,053,281 3.186,288

3,374.705 4,412.913 4,125,039 3.848,828 4,266,683 4,148,999 3,723,408 3,369.578 3,428,153 2,866,075

2,845,428 2,465,733 2,451,273 3,599,455 4,593,239 5,754,569 7,213,259 6,389,210 6,016,447 5,163,638

6,126,097 5,087,274 5,172,578 4,922.685 4,996,562 4,366,769 3,973,481 3,486,072 3,098.801 2,542,843

1,913,533 1,383,683

772,562 303,797 202,153

57,863

i4,"997" 399,834

174,598 284,978 773,650 523,595

1,833,867 1,040,032

842,723 1,119,215 2,390,825 3,565.678

Other*

$1,286,216 777,149 579,822 800,039

1,459,186 996.883

1,411.656 1,232,353 1,155,138

1,401,775 1,197,301 1,642,369 1,966.638 2.387,602 4,046,954 3,206,213 1,973,823 1,719.437 1,641.142

1,362.514 1,594,210 2,052,335 1,983,784 2,465.589 3.499.276 3.453,067 4.135,775 5,232.264 5,946,332

6,116,148 2,942,944 4,491,202 4,183,465 9.084.624 4,781.462 4.900,220 4,450,241 5,231,711 4,627,454

5.222,976 5,166,049 7,113,983

12,108.379 8,772,967 7,890,854

12,891,219 16,913,847 14,821,242 11,400,004

10,932,014 11,474,253 9,423,081 4,649,469 8,826,285 9,847,487 9,676,388 9,956,041 8,075,962

16,846,407

Total outlays'

$4,269,027 5.079.532 4.482,313 6,990,839 7,539.809 6.726.986 6.133,634 7,676,504 9.666.455

10,786,075 9,394,682 7,862.118 7,851,653 8,719.442

10.606,234 9,803.617 8,364.151 9,932.492

10.280,748

8,156,510 8,058,337

20,280.771 31.681.852 34.720,926 32.708,139 30,586.691 21,843.820 19,826.121 21,463.810

18,260.627 15.810,763 15,000.220 14.706,840 20,326,708 15,857,229 17,035,797 16,139,168 16,394.843 16.203.333

15.143,066 15,247,651 17,288,950 23,017,552 18,627,669 17,572,813 30,868,164 37,243,496 33,865,059 26,899.128

24.317,579 26,565,873 25,205,761 11,858,076 22,337,571 22,937,408 27,766,925 67,281,412 45,377,226 45,051,657

Surplus, or deficit ( - ) «

$149,886 -1,409,672

170,610 -1,658.934 -1,425,275

2,660.544 2,5^,147

223,992 -2.119,642

62,674 3,540,749 7,133,676 3,212,445 3.106.865 3,054,459 5.766.314 8,043,868 7,128,170

-2,607,275

1,227.705 6,365.192

-10,479,638 -17,341,442 -23.539.301 -16,979,116

17,090,980 11,255,230 1,760,050 3,139,566

-379,957 -1,237,373

5,232,208 6,833,826 -945,495 5.983,629 8,224.637 6.827,196 8,368,787 9,624,294

9,701,060 13,279,170 14.676,611 10.930.875 3,164.367

17,857,274 19.958,632

-12,289,343 -7,562,497

4,583,621

-4,837,464 -9,705.713 -5.229,563 -3,555,373

6.983.803 7,032,698 1,933,042

-30,785,643 -9,641,447

-13,843,614

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10 1 9 7 0 REPORT OF THE SECRETARY OP THE TREASTJRY

Yeari

1850 1861 1862 1853 1864 1855 1856 1867 1868 1859

I860 1861 1862.. 1863 1864 1865 1866 . . 1867 1868 1869

1870 1871 1872 1873 1874 1875 1876 1877 1878 1879

1880 1881 1882 1883 1884 1885. 1886 1887 1888 1889

1890 1891 1892 1893 1894 1895 1896 1897 1898 1899

1900 1901 1902.... 1903 1904 1905 1906 1907 1«08 1909 1910 1911 1912

TABLE 2.-—Receipts and outlays.

Receipts

Customs

$39,668,686 49.017,568 47,339,327 58.931,866 64.224,190 53,025.794 64,022,863 63,876.905 41,789.621 49,565,824

53,187,512 39,582,126 49,056.398 69.059,642

102,316.153 84.928,261

179.046,652 176,417,811 164,464, 600 180,048, 427

194.638.374 206. 270.408 216.370, 287 188.089.523 163.103,834 157,167.722 148,071.985 130,956,493 130.170,680 137, 250.048

186, 522.064 198,159.676 220,410, 730 214, 706,497 195.067.490 181.471.939 192.905,023 217,286.893 219.091.174 223.832.742

229,668.585 219, 522,205 177,452,964 203,356,017 131,818, 631 162.168,617 160,021, 752 176, 564.127 149, 675, 062 206.128.482

233.164.871 238.585.456 264,444, 708 284,479.582 261.274, 665 261. 798.857 300, 251,878 332.233.363 286.113.130 300.711.934 333,683.445 314.497.071 311.321,672

Internal

Income and profits taxes

$2,741,858 20,294.732 60.979.329 72,982,159 66,014.429 41,465,698 34, 791,856

37,775,874 19,162.651 14.436,862 6. 062,312

139,472 233 588 98

3,022

66,628

77,131

20,951, 781 33, 516,977 28,683.304

revenue

Other

$34,898,930 89.446,402

148,484,886 236, 244,664 200,013,108 149.631.991 123, 664,605

147,123,882 123.935,603 116,205,316 108,667,002 102, 270.313 110,007. 261 116, 700,144 118,630,310 110. 681.625 113.561,611

124,009,374 135,261,364 146,497, 696 144, 720,369 121,530,446 112,498,726 116,805.936 118.823,391 124, 296,872 130,881,514

142,606,706 146.686, 250 153.971.072 161.027.624 147. 111. 233 143.344. 641 146. 762,866 146.688, 674 170,900, 642 273,437,162

295,327,927 307,180,664 271,880.122 230,810,124 232,904,119 234.095. 741 249,150, 213 269, 666, 773 251, 711,127 246. 212,644 268,981, 738 289,012, 224 293.028.896

Other receipts

$3,934,753 3,541,736 2, 507,489 2,655.188 9,676.151

12,324, 781 10,033,836 6,089,408 4,865,745 3,920, 641

2,877.096 1,927,805 2,931,058 6,996,861

52.569,484 39.322.129 69. 759,155 48,188,662 60,085,894 32,538,859

31,817,347 33,955,383 27,094, 403 31.919,368 39,465,137 20,824,835 29,323,148 31,819,518 17, Oil, 574 23,015,526

22,995,173 27.358,231 36,616,924 38.860,716 31,866,307 29. 720,041 26, 728, 767 35, 292.993 36,878,029 32.335,803

30,805,693 27,403,992 23, 513,748 21,436,988 27, 425, 552 29.149.130 31.357,830 24,479.004 84,845,631 36,394.977

38,748,054 41.919,218 36,153.403 46, 591,016 46.908.401 48.380.087 45. 682.355 63,960, 250 64.037, 650 57.395,920 51.894. 751 64,806.639 59.675,332

Total receipts 3

$43,603,439 52,559,304 49,846.816 61.687,054 73,800,341 65,350, 576 74,056,699 68,965,313 46,655,366 63,486.465

56. 064.608 41.609,931 51,987,456

112,697. 291 264. 626. 771 333. 714,605 668.032.620 490. 634.010

. 405.638,083 370,943, 747

411,255,477 383,323.945 374.106.868 333. 738,205 304,978. 756 288.000.051 294,096,865 281.406.419 257. 763,879 273.827.185

333, 526,611 360,782,293 403.525, 250 398.287,582 348.519,870 323,690,706 336,439, 726 371,403, 277 379,266,075 387,050.059

403,080.984 392.612.447 354.937, 784 386,819.629 306,355,316 324, 729,419 338.142.447 347,721, 705 405,321,335 516.960.621

567, 240,852 687,685,338 562,478,233 561,880, 722 641.087,085 544.274,685 594,984.446 665,860,386 601,861,907 604,320,498 675.611.715 701.832,911 692,609. 204 1

Net receipts

Footnotes at end of table.

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STATISTICAL APPENDIX

fiscalyears 1789-1970—Contmued

11

D e p a r t m e n t of t h e A r m y 3

$9,400,239 11,811,793 8,225,247 9,947,291

11,733,629 14,773,826 16,948,197 19,261,774 25,485,383 23.243,823

16,409,767 22,981,150

394,368,407 599,298,601 690, 791,843

1.031,323,361 284,449,702 95,224,415

123,246, 648 78, 501,991

57,656,676 35.799,992 35,372,157 46,323,138 42.313,927 41,120,646 38,070,889 37,082, 736 32,154,148 40.425,661

38.116,916 40,466.461 43, 670,494 48,911,383 39.429, 603 42,670, 578 34,324,153 38, 661, 026 38,522,436 44.435. 271

44,582,838 48. 720,065 46,895, 456 49, 641, 773 64.567,930 51,804, 759 50,830,921 48,950, 268 91,992,000

229.841, 254

134, 774, 768 144.615,697. 112, 272, 216 118, 629, 505 165,199,911 126,093,894 137.326,066 149, 775,084 176.840,453 192,486, 904 189,823,379 197.199.491 184.122, 793

D e p a r t m e n t of t he N a v y 3

$7.904,709 9,005,931 8,952,801

10,918,781 10.798,586 13,312.024 14,091,781 12,747,977 13,984, 551 14.642,990

11.514,965 12,420,888 42,668.277 63,221,964 85, 725,995

122,612,945 43,324,118 31.034, Oil 25,775, 503 20,000,758

21,780, 230 19,431,027 21, 249,810 23,526, 257 30,932.587 21,497,626 18,963.310 14,959,935 17,365,301 15,125.127

13, 536,985 15,686,672 15,032, 046 15, 283,437 17.292,601 16,021,080 13,907,888 15.141,127 16,926,438 21,378,809

22,006, 206 26,113,896 29,174,139 30,136, 084 31, 701, 294 28, 797,796 27,147, 732 34, 561, 546 58,823,985 63.942,104

65,953,078 60, 506,978 67,803,128 82,618,034

102,956,102 117, 650,308 110,474, 264 97,128, 469

118,037,097 115, 546, Oil 123,173,717 119.937, 644 135. 591,956

Out lays

Interes t on t he pub l ic deb t

$3,782,331 3,696,721 4,000,298 3,665,833 3, 071, 017 2,314,375 1,953,822 1, 678, 265 1, 567, 056 2, 638,464

3,177,315 4,000,174

13,190,325 24,729,847 53,685,422 77,397, 712

133,067, 742 143, 781, 592 140,424,046 130,694, 243

129,235,498 125, 576, 566 117,357,840 104, 750,688 107.119,815 103,093, 545 100,243, 271 97,124, 512

102,600,875 106,327,949

95. 757. 675 82. 508. 741 71, 077, 207 59,160,131 54, 578,379 51,386,256 50, 580,146 47, 741, 677 44. 715. 007 41,001,484

36,099,284 37,547,135 23,378,116 27, 264,392 27,841,406 30,978,030 35,385,029 37,791,110 37, 685.056 39.896, 925

40,160,333 32,342.979 29.108.045 28, 556,349 24, 646.490 24. 590,944 24,308, 576 24, 481,158 21.426,138 21.803,836 21,342,979 21.311,334 22. 616,300

Othe r*

$18,456,213 23.194, 672 23,016, 573 23,652,206 32,441,630 29,342,443 36, 577, 226 34,107, 692 33,148, 280 28. 545.700

32.028, 551 27,144,433 24, 534,810 27,490.313 35,119.382 66, 221, 206 59, 967,855 87. 602, 657 87,894,088 93, 668. 286

100,982.157 111, 369,603 103.638,156 116, 745,162 122.267. 544 108,911, 576 107,823,615 92,167, 292 84,944,003

106,069,147

120,231.482 122, 051.014 128,301, 693 142,053,187

. 132,825,661 150,149,021 143,670,952 166, 488, 451 167, 760,920 192,473,414

215,352.383 253,392,808 245, 575, 620 276,435, 704 253,414,651 244,614, 713 238.815,764 244,471, 235 254,967, 542 271,391,896

289,972,668 287.151, 271 276,050,860 287, 202, 239 290,857,397 299,043, 768 298,093,372 307, 744,131 343,892,632 363,907,134 359.276,990 352,753, 043 347. 550,285

To ta l o u t l a y s 2

$39, 643,492 47, 709, 017 44,194,919 48,184, 111 68,044,862 59, 742,668 69, 571,026 67,795.708 74,185,270 69,070,977

63,130, 598 66, 546, 645

474,761,819 714, 740, 725 865,322,642

1,297, 555,224 620,809,417 357, 642,675 377,340, 285 322,865, 278

309,653, 561 292,177,188 277, 517,963 290,345, 245 302,633,873 274,623,393 265.101,085 241.334,475 236,964,327 266,947,884

267.642,958 260,712,888 257.981, 440 265,408,138 244,126, 244 260,226,935 242,483,139 267,932,181 267.924,801 299.288,978

318,040.711 365, 773,904 345,023,331 383,477,963 367,525,281 356,195,298 352,179,446 365, 774,159 443,368, 583 606.072.179

520,860,847 524,616,925 485,234, 249 517,006.127 583,659,900 667, 278,914 670,202,278 579.128,842 659,196,320 693,743,885 693,617,065 691, 201. 512 689,881.334

Surp lus , or deficit ( - ) *

$4.059,947 4.850,287 6,661,897

13,402,943 16,756,479

5, 607,907 4.485,673 1.169.605

-27.529,904 -15,584,512

-7 ,065,990 -25,036,714

-422,774,363 -602.043,434 -600,695.871 -963,840,619

37,223, 203 133,091,335 28.297.798 48,078,469

101.601,916 91.146, 757 96, 688,905 43,392,960

2.344,883 13.376, 658 28.994. 780 40.071.944 20, 799,552 6,879.301

65,883.653 100.069.405 145, 543,810 132,879,444 104,393,626 63.463, 771 93.956,587

103,471,096 111, 341,274

87, 761,081

85,040,273 26.838.643 9,914.453 2.341.676

-61,169,966 -31,465.879 -14,036.999 -18,052,4.54 - 3 8 , 047.248 -89,111,558

46.380,005 63.068,413 77.243.984 44,874,595

-42,572.815 -23.004.229

24,782.168 86.731, 644

-67,334,413 -89.423.387 -18,105,350

10,631.399 2, 727,870

409-714—71-

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 2.—Receipts and outlays, fiscal years 1789-1970—Continued tsD

Y e a n

1913 ---1914 1915 . -1916 1917 1918 --- -1919 - ---

1920 1921 1922 1923 1924

1925 1926 - -. 1927 1928 1929

1930 1931 1932 1933 1934..

1935 1936 1937 1938 ---. 1939

1940 1941 1942 1943 1944

Cus toms

$318, 891,396 292.320.014 209, 786, 672 213,185,846 225, 962.393 179.998, 385 184,457.867

322, 902, 660 308,564,391 356,443,387 561,928,867 545, 637,504

547,561, 226 579,430,093 605,499,983 568,986,188 602, 262,786

587.000,903 378,354,005 327.754.969 250, 750. 251 313,434,302

343,363, 034 386,811.594 486.356.599 359,187, 249 318.837.311

348, 590, 636 391,870,013 388, 948.427 324, 290,778 431, 252.168

I n t e r n a l :

Income and profits taxes

$35.006,300 71.381, 275 80, 201,759

124.937, 253 359,681, 228

2, 314,006, 292 3, 018,783. 687

3,944.949. 288 3, 206,046,158 2.068.128,193 1, 678, 607,428 1,842,144,418

1.760.637.824 1, 982.040.088 2, 224,992.800 2,173,952,657 2,330.711,823

2.410, 986.978 1, 860, 394, 295 1,057, 335.853

746, 206,445 817,961,481

1.099.118, 638 1,426,575, 434 2,163,413,817 2. 640. 284. 711 2.188, 757. 289

2.125.324, 635 3,469,637,849 7.960,464, 973

16.093, 668, 781 34, 654, 851,852

revenue

Other

$309,410,666 308, 659,733 335.467,887 387,764,776 449. 684.980 872, 028.020

1, 296, 501. 292

1,460, 082, 287 1,390, 379,823 1.145,125, 064

945,865,333 953, 012. 618

828, 638, 068 855.599, 289 644,421. 542 621, 018, 666 607,307. 549

628, 308,036 569, 386. 721 503, 670,481 858, 217, 512

1,822, 642, 347

2.178.571, 390 2, 086, 276,174 2,433.726, 286 3, 034.033, 726 2,972,463,558

3.177.809,353 3,892.037,133 5,032,652, 915 6, 050,300, 218 7, 030,135,478

Other receipts

$60,802,868 62, 312,145 72,454,509 56, 646, 673 88.996,194

298, 550,168 652,514, 290

966, 631,164 719.942,589 539,407, 507 820.733.853 671, 250,162

643,411,567 545, 686, 220 654,480,116 678,390,745 492,968. 067

651. 645.785 381, 503, 611 116.964,134 224, 522,534 161, 515,919

179.424,141 216, 293.413 210, 093, 535 208,155,541 187,765.468

241, 643.315 242.066.585 294.614,145 934.062, 619

3. 324.809.903

Receipts

To ta l receipts b y major sources 2

$724, 111, 230 734, 673.167 697, 910,827 782. 634.548

1,124, 324,795 3, 664, 582. 865 5.152, 257,136

6, 694,565,389 5, 624, 932.961 4,109.104,151 4.007.135,481 4, 012,044.702

3, 780.148, 685 3,962.755. 690 4.129.394,441 4.042, 348.156 4, 033, 250, 225

4,177.941, 702 3,189, 638, 632 2, 005, 725,437 2, 079, 696, 742 3,115,654,050

3,800,467. 202 4.115,956, 615 5, 293.590. 237 6, 241,661, 227 5, 667,823,626

5,893,367,939 7,995.611,580

13,676,680,460 23,402. 322,396 45,441, 049,402

Refunds and transfers *

-$9,648,197 - 9 , 5 5 6 , 243

-14,493,508 -21,089,442 -23,824,686 -19.343,075 - 2 2 . 214, 698

- 4 5 . 667, 064 -54.143,041 - 8 3 , 203,427

-154,340,910 -140,831,069

-139,343,469 - 1 6 7 . 647, 775 - 1 1 6 . 600. 643 -142.019,394 -171,660,851

-120.057.560 - 7 4 . 081, 709 -81,812.320 -58,483,799 - 5 1 . 286.138

-70 .553 , 357 - 4 7 , 019,926

-314,989,542 -626,440,065 -671,524,096

-749.354.895 -892,680,197

- 1 . 1 2 1 , 244,376 -1.415,621,609 -1,805,734.046

Receipts , less refunds a n d

transfers

$714,463,033 . 725,116,924 . 683,417,319 . 761,446.106 .

1.100, 500,109 . 3,645,239,790 . 5,130,042,438 .

6.648,898,325 . 6,570,789,920 . 4,025.900.724 . 3,852.794,571 . 3,871,213,633 .

3. 640,805. 216 . 3, 795,107.915 . 4,012,793.798 . 3,900.328, 762 . 3,861,689,374 .

4,057.884.142 . 3,115, 556,923 . 1, 923,913,117 2, 021, 212.943 3, 064, 267,912

3, 729. 913,845 4, 068, 936, 689 4, 978, 600, 695 6, 615, 221,162 4,996, 299.530

5.144,013.044 7,102,931.383

12, 555.436,084 21, 986,700.787 43. 635, 315.366

In ter fund t ransact ions

(deduct) 6

$21.294 24,369,110 49,298,113

23.958, 246 71,877,714 22,988,139 27, 209,289 17,233,672

6, 763, 273 7,256,331 8,817,329

39,417,630 72,705.896

N e t receipts

$714,463,033 725.116.924 683.417,319 761,446,106

1,100,500,109 3,645. 239. 790 5.130.042,438

6.648,898.325 6.570.789.920 4.025.900.724 3.852, 794, 571 3,871, 213,633

3, 640,805, 216 3.795,107,915 4,012.793, 798 3,900,328,762 3,861,589.374

4, 057.884.142 3.115,556,923 1, 923,891,824 1, 996,843,833 3.014,969,799

3. 705,955, 600 3, 997, 058, 975 4.955,612,556 6, 688, Oil, 873 4.979,065,958

5.137,249,771 7,095, 676,052

12.546,618,766 21,947, 283,157 43.562. 609,460

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Y e a r i D e p a r t m e n t of

t h e A r m y 3

Out lays

D e p a r t m e n t of t h e N a v y 3

In te res t on t he pub l ic d e b t

O the r 4 T o t a l out lays b y major p m p o s e s 2 4

In ter fund t rans­actions (deduc t )«

T o t a l out lays a * Surplus , or deficit ( - ) *

1913 . $202,128,697 $133,262,862 $22,899,108 $356,673,099 $714,863.766 $714,863,766 -$400,733 1914. . . 208,349,245 139,682,186 22,863,957 354.629,800 725.525,188 725,525,188 -408,264 1915. . . 202,059,524 141,835,654 22,902,897 379,295,219 746,093,294 746,093,294 -62,676,975 1916.. 183.176,439 163,853,567 22,900,869 363,035.885 712.966,760 712,966,760 48,478,346 1917 377,940,870 239,632,757 24,742,702 1,311,540,736 1,953,857,065 1,963,857,065 -853.356,956 1918.- . - 4,869,955,286 1,278,840,487 189,743,277 6,338,820,346 12,677,359,396 12,677,359,396 -9,032,119.606 1919. . . 9,009,075,789 2.002,310,785 619,216,569 6,862,063,114 18,492,665,257 18,492,665,257 -13,362,622,819

1920 - . - 1,621,953,095 736,021,456 1,020,251.622 2,979,450,604 6,357,676.777 6,357.676,777 291,221,548 1921.. .- . 1,118,076,423 650.373,836 999,144.731 2.294,189,669 6,061,784.649 6,061,784.649 509,005,271 1922 457,756.139 476,775,194 991,000,769 1,363,872,381 3,289,404,473 3,289.404,473 736,496.261 1923 397.060,596 333.201,198 1,056,923,690 1,354,111.135 3,140,286,619 3,140,286,619 712,607,952 1924 357,016,878 332,249,137 940,602,913 1,277,977,968 2,907,846,896 2,907,846,896 963,366,737

1925 370.980.708 346.137,110 881,806,662 1,324,837.383 2,923,761.863 2.923.761,863 717,043.363 1926 364,089,945 312,743,410 831,937,700 1,421,192,993 2,929.964,048 2,929,964,048 865,143,867 1927 369.114,117 318,909,096 787,019,578 1,382,386,240 2,857,429,031 - 2,857,429,031 1,155,364,766 1928 400,989.683 331.335.492 731,764,476 1,497,155.810 2,961,245,461 2,961,245,461 939,083,301 1929 425,945,677 364,661,544 678,330.400 1,658,361,114 3,127,198,636 3,127,198,635 734,390,739

1 9 3 0 . . . . : . . 464,853,615 374,163,870 659,347,613 1.821,846.326 3,320,211,324 3,320.211,324 737,672.818 1931 . - - . . - . - 486,141,754 353,768,186 611,659,704 2,125.964,360 3.677,434,003 3,577,434,003 -461,877,080 1932 476,305,311 357,617,834 599,276,631 3.226,103.049 4,659.202.825 $21,294 4,659,181,632 -2,735,289,708 1933 434,620,860 349,372,794 689,366,106 3,149,606,267 4,622.865,028 24,369,110 4,698.495,918 -2.601,652,085 1934 . : : . - 408,686,783 296,927,490 756,617,127 6,231,768,454 6,693,899,854 49,298,113 6.644,601,741 -3,629,631,943

1 9 3 5 - - : : - . - . 487,996,220 436,266,532 820,926,353 4,775,778.841 6,520,965,945 23,958,246 6,497,007.700 -2,791,052,100 1936.: 618,687,184 628,882.143 749,396,802 6,696.619,790 8,493.485.919 71,877,714 8,421,608,206 -4.424,549,230 1937 628.104.285 556.674.066 866,384,331 6,704.858,728 7,766,021,409 22,988,139 7,733,033,270 -2.777,420,714 1938.: 644.263,842 596,129,739 926,280,714 4,625.163.465 6.791,837,760 27,209,289 6,764,628,471 -1,176,616,698 1939 695,256,481 672,722,327 940.539.764 6,549,938,998 8,868,457,570 17,233,672 8,841,223,998 -3.862.158,040

1940 907,160.151 891,484,523 1,040,935,697 6,222,451,833 9,062,032,204 6,763.273 9.056,268.931 -3,918,019.161 1941 3,938,943,048 2.313,057.956 1,110,692.812 6,899,509,926 13,262,203,742 7,265,331 13,254.948,411 -6,159,272.358 1942 14.325.508,098 8,679,688.976 1,260,085.336 9,880,496.406 34,045.678,816 8,817,329 34,036.861,487 -21,490,242.732 1943 42,525,662.523 20.888,349,026 1.808,160,396 14.185,069,207 79,407,131,162 39,417,630 79,367,713,522 -57,420,430,365 1944 49,438,330.158 26,637,633,877 2,608,979,806 16,473,764,057 95.058.707,898 72,706,896 94,986,002.002 -61,423.392.541

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 2.—Receipts and outlays, fiscal years 1789-1970—Continued

Year

1945 1946 1947 1948 7 1949 7

1950 1951 1952 1953

Year i

1954 1955 1956 1957 1958 1959

1960 1961 1962 1963 1964

1965 1966 1967 1968 1969 1970

C u s t o m s

$354.77 435.47 494,07 421.72 384.48

422,65 624,00 550,69 613,41

5.642 5,072 8,260 3.028 4,796

0.329 8,052 6,379 9,582

Income taxes

Ind iv idua l

$32,392,146, 700 31,654.170.061 36,340,349,927 39,066, 646, 244 38,681,942,041 40,791.874,129

44,971,310, 266 46,153,000, 792 50,649, 593, 506 52, 987.580.595 54,590.354,384

63,660,682,653 61,297,651, 520 69,370,595,136 78,252,045,190 97.440,405.013

103, 661,585, 605

In te rna l

Income and profits taxes

$35,173,051,373 30,884,796,016 29.305, 568,454 31,170, 968,403 29,482,283,759

28,262,671,097 37,752, 553, 688 51,346, 525,736 54.362,967,793

Corpora t ion

$21.522.853.908 18,264.720,362 21,298,521, 621 21,530,653,013 20.533,315.590 18,091,609,456

22,179,414,267 21, 764.940.001 21. 295.711.399 22.336,133.758 24,300,863,236

26,131.333.625 30,834.242,696 34.917.825,260 29,896. 519, 677 38.337. 645.690 35,036. 982.990

revenue

Other

$8, 728,950,555 9,425, 537,282

10,073,840,241 10,682,516,849 10,825,001,116

11,185,936,012 13,353, 541,306 14, 288,368, 522 15,808,006,083

Excise taxes

$10,014,443,842 9,210,581,897

10,004.194,869 10, 637,543,788 10,814.267.626 10,759, 549,109

11.864.740.881 12,064,302,042 12,752,175,848 13,409, 737,348 13, 950.231,780

14.792,778,809 13,398,112,012 14.113.747.719 14,320,396.487 15, 542,046,719 15, 904, 263, 668

Receip ts

T o t a l receipts Other receipts b y major

sources 2

$3,493,523,901 $47,750,306,371 -3,492,326, 920 44,.238,135, 290 -4,634, 701,652 44, 508,188,607 -3,823, 599, 033 46,098,807,314 -2,081,735,850 42,773, 605, 520 -

1,439,370,414 41,310, 627..852 -1, 638, 568,845 53,368, 671,892 -1,813,778, 921 67,999,369, 558 -1,864, 741,185 72, 649,134, 647 -

E s t a t e and gift taxes

$945,049,092 936,267,446

1,171,237,192 1,377,998,889 1,410,925,018 1,352,982,426

1. 626,347. 638 1, 916.392,302 2,035.187,128 2,187,457,229 2,416,303.318

2,746,532,499 3,093,921,882 3,014,405,754 3,081,978, 790 3,530.064.861 3. 680, 076. 379

Refunds and transfers «

$3,275.002,708 -4,466,731.580 -4.722,007,571 -4,610,628,472 -5.077,956,071

-4,815,727,015 -5,801,058,408 -6.603,425.006 -7,824,090,621

Social insurance taxes a n d contr ibut ions

Cus toms dut ies E m p l o y m e n t Cont r ibu t ions taxes a n d for other

contr ibut ions ^ insurance and re t i rement 10

$562,020, 619 606,396, 634 704,897,516 754.461,446 799,504,808 948,412,215

1.123,037, 679 1,007,755,214 1.171.205,974 1.240.537,884 1,284.176,380

1.477, 648,821 1,811.170.211 1, 971,799,791 2.113.474.950 2,387.190,473 2,494, 294.171

$5,266, 575,249 6,031,045,395 7,124, 632,038 7,463,157,974 8, 699,152,717 8,904,630,798

11,337,418, 282 12, 775,130, 588 12, 976,540,446 14,885,842, 299 17,125,163,991

17, 550.191.742 20,889, 528.322 28,105,097,413 29,487,010,470 34,841.043,355 39, 519, 764. 951

$1, 984,346, 542 1,886,467,854 2, 263,981,844 2,594, 588, 920 2, 618, 584,155 2, 904,787,240

3,437,824, 557 3,762,792,880 4,216, 589, 270 5,061,090,240 5,056. 537.393

4,907,261, 587 4,911,369,694 5,532,756,875 6,403,864,807 5,688, 676,958 6,171, 434, 438

Receipts , less refunds and

transfers

$44,475,303, 665 39,771,403,710 39.786,181,036 41.488,178,842 37,695,549.449

36,494, 900,837 47, 567,613,484 61,390, 944,552 64,825,044,026

- Miscellaneous taxes a n d receipts

$449, 568, 926 355, 950,702 389, 223,885 540,306,673 776,161, 635 609,133.892

1,189,529,887 920,422,350 844, 270, 781

1,023,262,348 1,086,307, 634

1, 597,638,325 1,875,651.069 2,107,863,544 2,491,496, 357 2,916,385, 098 3,424.174, 505

In te r fund t ransact ions

(deduct) 8

$113.282,721 121, 532,724 109,014,012 113,476.853

32, 576, 510

72, 966,260 87. 546,409

104.383,636 154,459, 602

Refunds of receipts "

-$3,417,737,374 - 3 , 4 7 6 , 987, 625 - 3 , 750,030.132 - 3 , 975,532,487 - 4 , 598,010, 555 -5,113,762,669

-5,237,513,807 -6,976,009.231 -6,265,669,311 —6, 571,386,963 -7,148,085.619

-6,029,544,469 -7.255.579,949 -9.581,686.414

-11.375.364.608 -12,891.120,278 -16,139,325,917

Ne t receipts

$44.362,020,944 39.649,870,986 39,677,167,024 41,374,701,989 37,662.972,939

36,421.934,577 47,480,067,075 61,286,560, 916 64, 670. 584.424

N e t budge t receipts

$69,719.267, 504 65,468,612,716 74, 547,008,760 79,989,824,460 79,635,842.935 79,249.126.596

92,492,109, 550 94,388,726,938 99, 675, 605,041

106,560, 254,738 112,661,852,497

116,833,423,592 130,855,967,456 149, 552,405,078 153,671.422.120 187,792,336,889 193, 743. 250, 789

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Y e a r i

1945 1946. . . 1947 1948 7 1949 7 1950 19518 1952 1953

Y e a r i

1964 1955 1956 1967 1958 1969

1960 1961 1962 1963 1964

1965 1966 1967 1968 1969 1970

D e p a r t m e n t of t h e A r m y »

. . . $50,490,101,935

. . . 27,986,769,041 9.172,138,869 7.698,556.403 7.862,397,097 6,789,467,599 8.635,938.754

. . . 17,462,710.349

. . . 17.054.333.370

D e p a r t m e n t of t he N a v y 3

$30.047,152.136 15.164.412,379

5,597, 203,036 4,284,619.125 4,434,705.920 4.129.545,653 5,862,648,845

10,231,264,765 11,874,830.152

D e p a r t m e n t of t he Ahr Force«

$1,690,460,724 3, 520, 632,580 6,358,603,828

12,851,619,343 16,086.227, 952

D e p a r t m e n t D e p a r t m e n t D e p a r t m e n t of of Hea l th , E d u - -

of Agr icul ture Defense cation, a n d Welfare 12

. $2,613,484,207

. 4.275,010,967

. 4.760.671.305

. 4, 660.471,890

. 4.368,422,114

. 6,529,382,614

_ 4,842,598,671 " . 5,383.802.476 " . 6, 294,073.812 " . 7,332,799.230 . 7,468,177,889

. 6,795,400,161

. 5,613.411,042

. 5,841,161,394

. 7,306,960,660

. 8,330.318,006

. 8.306,663,325

$40,625,674,430 35,629,778,598 35.692,897.354 38.719,034,957 39,916.688.798 44.602.920,493

43.968.847,762 45.688.376.272 49.283,444,729 49.242.662.050 60,702,892,890

47,179,328.954 55.445,393,783 68.762.932.164 78,672.893.689 79.144.788,852 78,360,167, 659

$1,977,283, 991 1,989, 947,310 2,067,374,737 2.292.685.544 2,636,400,426 3,089.040,327

3,400, 074,752 3.680.977,437 4,210,376,106

20.248.873,628 21,696,149,316

22,732,260,917 27,959.129.367 34,607,693.058 40.576.498,177 46.599,029,486 52,337, 602, 274

Ou t l ays

In te res t on t h e pub l ic deb t

$3.616.686,048 4.721,957,683 4, 957,922,484 5,211.101,865 5.339,396,336 5,749,913,064 5,612,654,812 5.859,263,437 6.503, 580,030

Other

$14,262,279,670 12,574,435.216 19,305,128,987 15,874,431, 605 20,180,029,420 20,427,444, 299 17, 588,084, 620 19,012,727,036 23,756,285,980

D e p a r t m e n t of t he Treasu ry

In teres t on t h e p u b h c deb t

$6,382.485, 640 6,370,361,774 6,786, 698,863 7.244,193,486 7,606.774,062 7, 592,769,102

9,179. 588,857 8,967, 241, 616 9,119,759.808 9,895,303,949

10.665,858.127

11,346,454,680 12,013,862,667 13,391,068,052 14,573,008,397 16.588,236.606 19, 303,669, 614

Other 1213

$5,022,986,962 6.025,333,595 6.804.477.133 8,255,275, 789

11,262,262.998 13.934.236,415

13,572, 618,347 15,826,494,756 17, 518, 660,038

-150,424.943 -114.183,494

86.677.461 413.161, 535

-327 ,021 , 534 81, 521,582

335, 558, 631 205, 575,956

T o t a l ou t lays b y major purposes 2*

$98,416,219,790 60,447,574,319 39,032,393,376 33,068,708, 998 39, 506,989,497 39, 617,003,195 44,057,830,859 65,407,584, 930 74, 274, 257,484

Other

$15, 504,712, 613 15.437,425.728 15,801,617.195 17.525.373, 669 18.734,205,883 18,593, 799,491

19,555.888.511 20.706.655, 578 22,899,608,057 27.385,929, 284 31,052,420.542

33,398, 637.223 36,671,466, 641 39.913,935.072 42.120.742,184 38,674,972,072 44, 454, 083, 531

In te r fund t rans­actions (deduct) 8

$113,282,721 121, 532,724 109,014,012 113,476,853 32, 576, 510 72,966, 260 87, 546,409

104,383, 636 154,459, 602

U n d i s t r i b u t e d i n t r a b u d g e t a r y

t ransact ions

-$1,236,883,402 -1,218,673.794 -1,453,307,258 -1 ,856,452,831 -1.939,661.669 -2 ,237,689,445

- 2 , 2 9 6 , 263,275 -2,448,969,016 - 2 , 613,328,944 - 2 , 643,898, 620 -2 ,876,607,445

-3 ,109,004,109 -3,364,488.616 - 3 , 936, 601.566 -4 ,498 ,969 , 647 -5,116,860,970 -6,379,876,627

Total ou t lays 2 4

$98,302, 937,069 60,326,041, 595 38,923,379,364 32.956,232.145 39,474,412. 987 39, 544,036.935 43,970,284.450 65,303,201.294 74,119, 797,882

N e t out lays

$70. 889.744.341 68,509,184,178 70,460.329.329 76,740, 582,504 82, 575,092,611 92,104,458,997

92,223.353,625 97,794, 579.116

106,812.593.606 111,311,144.478 118,683,707,824

118,429,745,187 134.661.926.519 158.254.256,640 178.832,655,042 184,556,042.683 196, 587. 785, 632

Surp lus , or deficit ( - ) «

-$53,940.916.126 -20.676.170,609

753.787.660 8,419,469,844

-1.811.440,048 -3.122,102,357

3,509,782,624 -4,016,640,378 -9.449.213,457

Surp lus , or deficit ( - )

-$1.170,476,837 -3,040,571,462

4,086,679,431 3,249,241,956

-2,939,249,676 -12,855,332,401

•• 268.755,925 -3,406,852.178 -7,136.988.565 -4.750,889.740 -6,921,855,327

-1,696,321,595 -3,795.959.063 -8,701,851,661

-25,161,232.923 3,236,294,206

- 2 , 844, 534,843

1 1 — <

> tei

Footnotes on following page.

CJl

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16 19 70 REPORT OF THE SECRETARY OF THE TREASURY

Footnotes to table 2

I From 1789 to 1842 the fiscal year ended Dec. 31; from 1844 to date, on June 30. Figures for 1843 are for a half year, Jan. 1 to June 30.

3 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, eflective July 1,1948, payments to the Treasury, prmcipally by •whoUy owned Govenmient 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 mihtary and civil outlays of the Departments of the Army (including the Panama Canal), the Navy, and beginning with fiscal 1949 the Air Force, except civil outlays of War and Navy at Washing­ton through fiscal 1915. Department of the Army outlays include those of the Department of the Air Force (established Sept. 18,1947) from funds made available before fiscal 1949. Begirming 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.

* 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 37 shows details oi statutory debt retirements.

« Refunds of receipts and transfers to trust funds. For content for fiscal years 1931-53 see 1967 annualreport, pp. 448-449.

» For content see 1961 annual report, pp. 450-467. ' 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 goverrmiental 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 talDle 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 1948 Fiscal year 1949 Budgetreceipts $41,374,701,989 $37,662,972,939 Budget outlays 35,955,232,146 36,474,412,987

Budget surplus 5,419.469,844 1,188,559,952

8 Beginning with fiscal 1951, investments of wholly owned Government corporations in public debt securities are excluded from budget outlays. See table 6.

9 Includes Federal old-age and survivor's. Federal disability, Federal hospital, and railroad rethrement tax act receipts.

10 Includes unemployment insurance. Federal supplementary medical, civil service returement, and other employees' retirement receipts.

II For content see table 3. 12 Social security trust fund outlays are reflected under the Department of the Treasury through fiscal

year 1962, and under the Department of Health, Education, and Welfare, thereafter. 13 Includes interest pajrments by Government corporations and other business-type activities on securi­

ties issued to the Treasury. i« Includes military assistance.

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TABLE 3.—Refunds of receipts, fiscal years 1954-70 [On basis of "Monthly Statement of Receipts and Expenditures of the United States Government," see "Bases of Tables"]

Internal revenue

Year Individual income taxes

Corporation income taxes

Excise (exclusive of

highway trust) taxes

Estate and gift taxes

Customs duties

Miscellaneous taxes and receipts

Federal old-age, disability, and hospital

insurance trust funds

Highway trust fund

Railroad retirement and unem­ployment

trust funds 2

Total refunds of receipts

t—i

O

tei

o

1964 1955 1966 1967 $3,410,229,727 1958 3,844,766,226 1959 4,016.080.413 1960. 4.230,464,258 1961 4,814,851,182 1962 5,078,503.605 1963 6.399,834.529 1964 5,893.412,362 1965 4,869,010.781 1966. 5,851,430,133 1967 7,844,839,232 1968 9.626.532.236 1969 10,191,466,409 1970 13,239,798,270

1 $3,345,409,388 $20,481,971 $11,259,809 $40,500,000 $86,206 $3,417,737,374 13,399,917,262 21,619,848 4,389,417 51,000,000 61,098 3,476,987,625 13,652,611,738 23.176,262 8,241,987 66,000,000 100,145 3,750,030,132

$363,680,697 $103,291,398 $13,252,017 19,907,757 4,500.703 58.190,000 2,580,288 3,975,532,487 459,211,509 86,318.439 18,007,121 17,837.948 2.873,161 76,465,000 $89,913,009 3,618,143 4,598,010,555 782.465.420 84.370.342 20,072.618 23.220.638 3,721,650 83,430,000 96,899,743 3,491,945 6,113,752,669 685,336,936 84,970,291 20,205,172 18,483,391 2,828,592 89,190,000 103,472,543 2.562.624 5,237,513.807 810,492.927 78.301,929 20,464,777 25,439,532 2,260,573 95.740,000 125,703,141 2.755,170 5,976,009,231 773.053,077 86,742,588 18,816,683 29,319,402 1,226,761 141,667,600 131,302,902 5,037,793 6,265.669,311 757,233.633 89,299.718 20,192,232 35,174,904 700,987 139,425,000 126,319,308 3,206,652 6,571,386,963 808,341,188 93,004,025 22.704.075 32.313,299 1,196,525 165,800,000 126,636,556 4,677,589 7.148,086,619 670,388,676 99,423,244 29,368,795 35,205,161 3,161,988 191.690,000 123,498,341 7,797,483 6,029,544,469 761,216,081 216.797,297 27,604,514 44,627,265 285,306 227,676,000 119,771,763 6,173,591 7,255,579,949 946,468,292 183,291,991 36,094,553 71,084,500 107,401 282,156,250 211,507,037 6,137,156 9,681,686,414

1.231,846,317. 126,964,025 31,283,087 75,236,726 62,797 262,715,000 114,387,492 6,336,929 11,375,364,608 1,660,087,742 96.034,670 39,211,247 68,228,070 383,232 604,952,500 223,764,603 7,011,906 12.891,120,278 2,207,653,279: 166,700,341 35,655,493 64,078,834 60,157 386,093,750 32,073,825 7,211,966 16,139,325,917

1 A distribution of intemal revenue refunds by tax category is not available for fiscal 2 Only refunds of raihoad retirement receipts are shown for fiscal years 1954 through years 1954 through 1966. 1966.

NOTE.—For refunds prior to fiscal 1954, see 1967 annual report, pp. 448-449.

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18 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970

In thousands of dollars. On basis of "Monthly Statement of Receipts and Expenditures of the United States Government," see "Bases of Tables"]

The expenditure account 1969 1970

N E T RECEIPTS Individual income taxes 87,248,949 90,411,787

Corporation income taxes 36,677,558 32.829,330

Social insurance taxes and contributions: Employment taxes and contributions:

Federal old-age and survivors insurance trust fund: Federal Insurance Contributions Act taxes 21,853,270 26,072,419 Self-Employment Contributions Act taxes. 1,370,350 1,664,817 Depositsby States 2,260,117 2,758,436

Total Federal old-age and survivors insurance trustfund... 25,483,737 29,395,673

Federal disability insurance trust fund: Federal Insurance Contributions Act taxes 2,945,307 3,483,796 Self-Employment Contributions Act taxes 186,730 208,146 Deposits by States 337,398 371,416

Total Federal disability insurance trust fund 3,469,434 4,063,358

Federal hospital insurance trust fund: Federal Insurance Contributions Act taxes 3,760,863 4,079,695 Self-Employment Contributions Act taxes 157,471 169,230 Receipts from railroad retirement accounts 53,776 61,307 Deposits by States.... 425,902 444.864

Total Federal hospital insurance trust fund 4,398,012 4,755,096

Railroad retirement accounts: Raihoad Retirement Tax Act taxes 884,748 918,832

Total employment taxes and contributions 34,235,931 39,132.959

Unemployment insurance: Unemployment trust fund:

State taxes depositedin Treasury. 2,560,913 2,563,745 Federal Unemployment Tax Act taxes 633,178 769,639 Railroad Unemployment Insurance Act contributions 134,400 130,898

Total unemployment trust fund 3,328,491 3,464.281

Contributions for other insurance and retirement: Federal supplementary medical insurance trust fund:

Premiums deducted from benefit payments 750,755 763.516 Premiums collected by Social Security Administration 76,214 76,276 Premiums deposited by States 75.852 97.209

Total Federal supplementary medical insurance trust fund 902,821 936.000

Federal employees retirement contributions: Civil service retirement and disabihty fund 1,417,974 1,725,518 Foreign service retirement and disability fund 5,669 7,222 Other 2,579 2.625

Total Federal employees retirement contributions 1,426.221 1.735,364

Other retirement contributions:

Civil service retirement and disabihty fund 24,291 29.289

Total contributions for other insurance and retirement 2,353,333 2,700,663

Total social insurance taxes and contributions 39,917.756 45,297,894

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STATISTICAL APPENDIX 19 T A B L E 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and

i5'70—Continued

[In thousands of dollars]

The expenditure account 1969

N E T RECEIPTS—Continued Excise taxes:

Miscellaneous excise taxes 10,585,080 10,351,863 Highway trust fund - 4,637,176 5,353,627

Total excise taxes 15,222,257 15,705,490

Estate and gift taxes - 3,490,854 3,644,421

Customs duties..-. . - . 2,318,962 2,430.215

Miscellaneous receipts: Deposits of earnings by Federal Reserve banks 2,661,524 3,265,900

Allother '•246,604 158,214

Total miscellaneous receipts '•2,908,128 3,424,114

Total net budget receipts '•187,784,463 193,743,251 N E T EXPENDITURES

Legislative branch: Senate 47,620 57,583 House of Representatives 90,562 108,279 Joint itemsfor Senate and House.. 12,133 13,296 Architect ofthe Capitol .- 18,395 18,796 Botanic Garden.. . 610 620 Library of Congress 42,679 49,804 Government Printing Office:

General fund appropriations 30,381 39,956 Revolving fund (net) -11,917 -5,813

General Accounting 0ffice 58,997 69,857 Proprietary receipts from the public - —11,590 —11,727 Intrabudgetary transactions. _ — 554 —477

Tota l legislative branch 277,316 340,173

Tlie judiciary: Supreme Cour t of the Uni ted States 2,867 3,386 Cour t of Cus toms a n d P a t e n t Appeals . 507 592 Customs Cour t 1,71,9 2,054 Cour t of Claims 1,643 1,875 Courts of appeals, district courts, and other judicial services 103,036 124,590 Federal Judicial Center 162 536 Judicial survivors annuity fund 649 696 Proprietary receipts from the public —2,059 —5,855

Total the judiciary 108,524 127,874

Executive Office of the President: Compensation of the President . 195 250 The White House Office 3,077 3,721 Special projects 1,305 2,497 Executive Residence... 904 852 Bureau of the Budget 9,674 11,676 Council of Economic Advisors 1,020 1,188 National A eronautics and Space Council 471 538 National Council on Marine Resources and Engineering Development 1,549 937 National Security Council 668 1,418 Office of Emergency Preparedness 9,754 9,883 Office of Intergovernmental Relations 53 Officeof Science and Technology 1,493 1,850 President's Advisory Councilon Executive Organization. ..• 737 President's Commission on Postal Organization 55 Special representative for trade negotiations 506 503 Miscellaneous... 65 252

Total Executive Officeof the President 30,735 36,356

Footnote at end of table.

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20 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and Jf^rO—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued

Funds appropriated to the President: Appalachian regional development programs:

Public enterprise funds. 379 622 Other... 163,643 193.142

Disaster relief... 18,968 144.909 Emergency fund for the President 152 851 Expansion of defense production 168,226 —13,959 Expenses of management improvement 575 119 International financial institutions:

Asian Development Bank 10,000 10,000 Investment in Inter-American Development Bank 74,300 159,293 Subscription to the International Development Association . 36,300 54,599

Office of Economic Opportunity: Economic opportunity program 1,812,073 1,801,705 Public enterprise funds 3,294 3,850

Peace Corps. . . 104,701 90.016 Philippine education programs 6.531 951 Pubhc works acceleration : 2.048 831 Special foreign currency activities • (*) Southeast hurricane disaster 654 377

Foreign assistance: Military assistance:

Defense Department 613,809 548,964 All other agencies —3,180 —604 Foreign military credit sales 17,500 92,516 Foreign military sales fund 57,632 -31,975 Mihtary assistance advances . . . : . 1,061,857 950.275 Proprietary receipts from the public:

Military assistance advances -958,538 —812,694 Other -346 -15.686

Total mihtary assistance 788,733 730,796

Economic assistance: Grants and other programs:

Technical cooperation and development grants 196.276 176.815 Alliance for Progress... »• 73,257 75,936 Social progress fund, Inter-American Development Bank 71,930 56,510 Supporting assistance 473,768 466,123 International organizations and programs 181,461 99,724 Contingencies 28,195 32,976 Other ••75,214 28,546

Public enterprise funds: Alliance for Progress, development loans 300,258 285,228 .Development loan funds.. 539,825 476,963 Foreign investment guarantee fund —9,411 —16,343

Proprietary receipts from the pubhc »• -150,036 -73,800

Total economic assistance '•1,780,738 1,607.677

Overseas Private Investment Corporation —782

Total foreign assistance 2,569,471 2.337,691

Proprietary receipts from the pubhc —372 —345

Total funds appropriated to the President. _ '•4,970,942 4,784,652

Agriculture Department: • ~~ Agricultural Research Service _ 251,996 267,265 Cooperative State Research Service. 59,811 61,870 Extension Service 97,215 124,526 Farmer Cooperative Service 1,412 1,667 Soil Conservation Service:

Conservation operations 125,777 138,939 Flood prevention, watershed protection, and other 101,113 115,365 Great Plains conservation program . 15,952 16,414

Economic Research Service 13,053 15,788 Statistical Reporting Service 14,016 17^253 "

Consumer and Marketing Service: Consumer protective, marketing, and regulatory programs 112,343 136,880 Payments to States and possessions }. 1.600 1,600 Removal of surplus agricultural commodities. 414,901 449,540 Milk market orders assessment fund.. —769 —943 Other.. 33,182 36,970

Total Consumer and Marketing Service r 561,258 624,046

Footnote at end of table. ""

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STATISTICAL APPENDIX 21

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and i ^70—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES—Continued

Agriculture Department—Continued Food and Nutrition Service:

Special milk program. Child nutrition programs Food stamp program

Total Food and Nutrition Service

Foreign Agricultural Seryice Foreign Economic Developm|ent Service Commodity Exchange Authority

Agricultural Stabilization and Conservation Service: Expenses Sugar act program ^ ' Agricultural conservation program Cropland conversion program Cropland adjustment program Emergency conservatioii measures. Conservation reserve program (soil bank) Indemnity payments to dairy farmers

Total Agricultural Stabilization and Conservation Service

Commodity Credit Corporation: Pubhc enterprise funds:

Price support and related programs Special activities ^

Fo'reign assistance and special export programs

Total Commodity Credit Corporation and foreign assistance and special export program

Federal Crop Insurance Corporation: Administrative expenses.. Federal Crop Insurance Corporation fund

Rural Electrification Administration..

Farmers Home Administration: Community development programs Salaries and expenses.. — Public enterprise funds:

Direct loan account Rural housing insm'ance fund Emergency credit revolving fund Agricultural credit insurance fund

Other . . .

Total Farmers Home Administration.

Rural Community Development Service Office ofthe Inspector General Packers and Stockyards Administration. . Officeof General Counsel . . 1 .

• Office of Information 1 National Agricultm-al Library. . . ^ Office of Management Services General administration:

Intragovjemmental funds (net) Salaries iand expenses

Forest Service: Intragovernmental funds (net) Other :

Proprietary receipts from the public .

Total Agriculture Department.

(iJommerce Department: General administration Business economics and statistics:

Office oi Business Economics... . Bureau of the Census -

Economic development assistance: Economic Development Administration:

Public enterprise funds Other - . .-Regional action planning commissions

Footnote at end of table.

101,925 237,007 247,766

299,131 576,810

586,698

23, 687 -209 .. 1, 732

147,175 87.139 199, 406 2, 952 79,529 7,144

106, 733 137

630, 216

r 4,032,376 r 212, 295 >• 830,000

5,074, 671

11, 768 7.143

84. 773

32, 213 60.423

-749 ••-50,764

4, 804 -7.812 -546

37.569

426 12,957 2,744 4,788 2,056 4.429 2,939

551 4,509

797 472,293

-515,659

7, 693,381

5,679

2, 697 48,162

-9,492 r 172.162

5,168

959, 740

24, 862

""2,"i67

152,604 92,976 182,618 2,276 77,372 8,304 38,620

126

654,895

3, 719, 800 85,204 921,250

4,726,254

11,932 9,300 20,835

32,307 70, 534

-12,588 33, 754 9,694 31,032 11,880

176,612

391 14,769 3,346 5,590 2,455 3,903 3,252

-63 5,206

2,092 553,497

-489,707

7.974.463

5,899

3,625 140.092

104 184,424 7,142

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22 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and ./570—Continued

[ I n t h o u s a n d s of d o l l a r s ]

T h e expendi ture account 1969 1970

321, 614

-23 , 396 -7,503

819, 695

326,386

-25,484 -6,644

979,381

N E T E X P E N D I T U R E S — C o n t i n u e d

Commerce Depa r tmen t—Cont inued P romot ion of i ndus t ry and commerce:

Business and Defense Services Admin is t ra t ion 5,932 In te rna t iona l Act ivi t ies 21,108 Officeof Field Services 5,110 Par t i c ipa t ion i n U .S . Exposit ions ... 1,287 Foreign Direct I n v e s t m e n t Regulat ion 2,968 Minor i ty Business Ente rpr i se U . S . T rave l Service 3,742

T o t a l p romot ion of i ndus t ry and commerce 40.147

Science and technology: E n v i r o n m e n t a l Science Services Admin i s t r a t ion 178.626 P a t e n t Office 42,620 N a t i o n a l B u r e a u of S t a n d a r d s :

I n t r a g o v e r n m e n t a l f u n d s (ne t ) . —3,319 Other . 41,691

Office of Sta te Technica l Services 4,838

To ta l science and technology. 264,456

Ocean shipping: Mar i t ime Adin in is t ra t ion :

Pub l i c enterprise funds -^196 Ship operat ion subsidies 194,703

O t h e r . . . . 127,107

T o t a l ocean sh ipp ing

Propr ie t a ry receipts from t h e publ ic I n t r a b u d g e t a r y tra'nsactions

T o t a l Commerce D e p a r t m e n t

Defense D e p a r t m e n t : Mili tary:

Mil i tary personnel : D e p a r t m e n t o f t he A r m y 9,047,387 D e p a r t m e n t of the N a v y . . 6.143,496 D e p a r t m e n t o f t h e Air F o r c e . . - . 6,182,693 Defense agencies 2,444.071

To ta l m i h t a r y personnel 23.817,647

Operat ion and ma in tenance : D e p a r t m e n t of the A r m y 8,299,710 D e p a r t m e n t of the N a v y ••5,757,299 D e p a r t m e n t of the Air Force 7,073,158 Defense agencies 1,096,892

To ta l operat ion and ma in t enance ••22,227.060

Procurement : D e p a r t m e n t of the A r m y 6,116,741 D e p a r t m e n t o f t h e N a v y . ••8,622,612 D e p a r t m e n t of the Air Force 9,293,795 Defense agencies. 54,442

To ta l p rocurement '•23,987,590

Research, development , test , and evaluat ion: D e p a r t m e n t o f t h e A r m y : 1,520,840 D e p a r t m e n t o f t h e N a v y 2,045,479 D e p a r t m e n t of t h e Air Force 3,385,521 Defense agencies 505.387

T o t a l research, development , test , and evaluat ion 7.457,227

Mil i tary construct ion: D e p a r t m e n t o f t h e A r m y . . 460,209 D e p a r t m e n t o f t he N a v y 424,838 D e p a r t m e n t of the Air Force 493,644 Defense agencies 10,066

T o t a l m i h t a r y construct ion 1.388.666

Footno te a t end of t ab le .

6,744 25, 721

5,665 246

3,237 887

4.840

47,341

197,715 48,673

- 2 1 5 45, 752

4,570

296,495

39 205.732 120,615

9,700.961 6.671,026 6,658, 752 2.849,262

25.880,002

7.879,151 5, 552,548 6,995,222 1.182,001

21,608, 922

6, 206,121 7,944, 549 8,362,151

70,907

21.583, 728

1,665,477 2, 084, 248 2,937,137

479,415

7,166.277

457,834 333,272 365, 760

11, 277

1,168,142

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 23

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and i57()—Continued

[In thousands of dollars]

The expenditure account 1969 1970

14, 750 557,216

571,966

86,887 1,289

4,412 609, 780

614,192

80, 084 884

-1,532,999

2, 853 7, 621

••-136,064 -8,037

'77,871,694

—806,403

-4,647 6,934

-140,974 -6, 806

77,150,334

N E T EXPENDITURES-Continued

Defense Department—Continued Military—Continued

Family housing: Homeowners assistance fund Other

Total family housmg

Civil Defense Special foreign currency program ,

Revolvhig and management funds: Public enterprise funds:

Department of the Army .._ —20 Department of the Navy. 948 Department of the Air Force —37

Intragovernment funds (net): Department of the Army _ —347,879 Department of the Navy. -348,931 Depai'tmentof the Air Force _ —507,853 Defense agencies. -329,227

Total revolvhig and management funds

Trust revolving funds Other Proprietary receipts from the public Intrabudgetary transactions _

Total military

Civil: Department of the Army:

Corps of Engineers: Water resources development. 1,250,238 Intragovernmentalfunds (net) —5,791 Proprietary receipts from the public —27,013

Other - 36,344 Navy, wildlife conservation, etc 8 Air Force, wildhfe conservation, etc 44 Soldiers' Home:

U.S. Soldiers'Home revolvhig fund 7 Other 10,297

The Panama Canal: Canal Zone Government . 43, 386 Panama Canal Company —7,770

Proprietary receipts from the public —17,559 Intrabudgetary transactions —14,589

Total civil 1,267,604

Total Defense Department •• 79,139,298

Health, Education, and Welfare Department: Consumer Protection and Environmental Health Service:

Public enterprise funds ._ —233 Food and drug control.. .- 61,173 Air pollution and other ••56,922 Environmental control 36,193 Other 19,883

Total Consumer Protection and Envhonmental Health Service.. 173,939

Health Services and Mental Health Administration: Public enterprise funds —5 Mental health . ._. 285,481 Health planning and regional programs 249,986 Maternal and child welfare 250,467 Hospital construction _. 264.168 Du-ect care programs 173,749 Other.. . . 118,094

Total Health Services and Mental Health Administration ' 1,341,940

Footnote at end of table.

-16 -268

376

-113,292 -44,886 -422,262 -226,056

1,189,076 -4,944

-20.189 36,479

34 68

- 4 10,022

43.768 -6,100

-19,187 -18,270

1,210,740

78, 361,074

-628 68,623 78,478 53,036 12.066

211,675

342,247 321, 721 272,826 272,791 199.863 95,844

1, 505,289

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

24 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and i5>70—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued

Health, Education, and Welfare Department—Continued National Institutes of Health:

Public enterprise funds . 19,124 Institute research and training activities 948,954 Health manpower and dental health 120,816 Construction grants.. 133,432 Other 101.947

Total National Institutes of Health 1.324,273

Office of Education: Public enterprise funds:

Student loan insurance fund-. —799 Higher education facilities loan fund 3,042

Assistance for vocational education 260.052 School assistance in federaUy aflected areas 397, 581 Elementary and secondary educational activities 1,433,070 Higher education. . 918,217 Defense educational activities 19,725 Other 348,899

Total Office of Education 3,379,786

Social and Rehabilitation Service: Grantsto States for public assistance. 6,280,335 Grants for rehabilitation services and facilities 350.910 Work incentives 32,563 Other - - '•175.560

Total Social and Rehabilitation Service... •• 6,839,368

Social Security Administration: Operating fund. Bureau of Federal Credit Unions 246 Payment to trust funds for health insurance for the aged 1,733,255 Payment for military service credits. 210,000 Payment for special benefits for the aged.. 226.545

Federal old-age and survivors insurance trust fund: Administrative expenses and construction 465,087 Benefit payments 23,732,119 Vocational rehabilitation services 1,806 Payment to Raihroad Rethement Board 491,482

Total Federal old-age and survivors Insurance trust fund. . . . 24,690,495

Federal disability insurance trust fund: Administrative expenses and construction. 133,514 Benefit payments 2,443,437 Vocational rehabilitation services 14.891 Pa3mient to Railroad Retirement Board.. 21,328

Total Federal disability insurance trust fund

Federal hospital insurance trust fund: Administrative expenses and construction Benefit payments.. . .

Total Federal hospital insurance trust fund.

Federal supplementary medical insurance trust fund: Administrative expenses and construction Benefit payments

Total Federal supplementary medical insurance trust fund

Other .-

Total Social Security Administration

Footnote at end of table.

12.256 971,259 173,375 139.075 132.170

1,428.135

-852 20,164

285,686 656,372

1,461,723 1.021.430

4,603 559, 801

4,008,928

7,444,851 428,337 86,667

218,370

8,178,225

-265 1,545.413

105.000 364,161

474. 006 26,266,282

1,239 578. 818

27, 320,345

149, 030 2,777,988

16.487 10,439

2.613.170

104,196 4,653,976

4,758.172

194,687 1,644,842

1,839. 630

1

36,070,413

2,953,943

148,669 4,804 242

4,952,911

217,009 1,979 287

2,196,296

10,384

39.448.180

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 25

T A B L E 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and i ^70—Continued

[In thousands of dollars]

The expenditure account 1969

N E T EXPENDITURES-Continued

Health, Education, and Welfare Department—Continued Special institutions:

American Printing House for the Bhnd National Technical Institute for the D eaf Model Secondary School for the Deaf GaUaudet College... Howard University

Departmental management: Intragovernmentalfunds (net) Other

Proprietaiy receipts from the public. . . Intrabudgetary transactions:

Payments for health insurance for the aged: Federal hospital insurance trust fund Federal supplementary medical insurance trust fund...

Payments for mihtary service credits and special benefits for the aged: Federal old-age and survivors insurance trust fund Federal disability insurance trust fund : Federal hospital insurance trust fund _

Receipts transferred to railroad retirement account..

Total Health, Education, and Welfare Departnient.

Housing and Urban Development Department: Renewal and housing assistance:

Pubhc enterprise funds: College housing loan fund Urban renewal programs Low-rent pubhc housing Other

Other -.

Total renewal and housing assistance.

Metropohtan development: Pubhc enterprise funds — Open space land programs Grants for basic water and sewer facilities.. Other

Total metropohtan development..

Model cities and governmental relations.. Urban technology and research

Mortgage credit: Federal Housing Administration:

Public enterprise funds: Federal Housing Administration fund .-. Housing for elderly or handicapped Other

Home ownership and rental housing assistance Rent supplement program .-

Government National Mortgage Association: Management and liquidating functions Guarantees of mortgage backed securities Special assistance functions. -Participation sales fund Secondary niarket operations

Proceeds from sale of Federal National Mortgage Association (net).

1,340 1,780 143

4,206 30,358

613 r 26,201 -13,727

-748,968 -984.287

-381, 545 -32,000 -22,000 -512,810

1,404 2,976 681

5,153 32,725

5,373 38,394

-35,821

-617,262 -928,161

-442,151 -16,000 -11,000 -589,257

M6,499,023 52,227,497

53,096 534,981 339,117

-627 r 11,557

' 938,124

4,059 43.278 80.189

r 36,461

•• 163,988

15,421 8.676

-147,074 •• -3,670 ••-5,118

1,138 5,917

-6,443

-10,630 -54,618 -30,037 .

-163,820 .

Total mortgage credit.. -414,356

Federal Insurance Administration: Public enterprise funds Other

Fair housing and equal opportunity. D epartmental management Proprietary receipts from the public. Intrabudgetary transactions

-33,630 678

2,000 . r 53.582

-69 -12,836 .

Total Housing and Urban Development Department..

Footnote at end of table.

721.578

56,964 1,049.122

430,120 -343

24,408

1,560,271

-1,139 43,414

109,011 47,477

198.764

85.793 9.579

-147,363 -6.894

- 4 23,821 18,728

-12,566

13,909 -8.347

-118,716

-28,440 959

6,266 64,000

- 2 3

1,778,452

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

26 19 70 REPORT OF TI-IE SECRETARJ OF THE TREASURY

T A B L E 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and iP70—Continued

[ In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued Interior Department:

Public land management: Bureau of Land Management 167,554 197,122 Bureau of Indian Affairs:

Public enterprise funds. _ Indian tribal funds Other

Bureau of Outdoor Recreation 0 ffice of Territories

Total public land management

Mineral resources: Geological Survey Bureau of Mines:

Public enterprise funds Other -.

Office of Coal Research Officeof OU and Gas

Total mineral resources

Fish and wildlife, parks, and marine resources: Bureau of Commercial Fisheries:

Public enterprise funds Other

Bureau of Sport Fisheries and WUdlife National Park Service

Total fish and wildlife, parks, and marine resources

Water and power development: Bm'eau of Reclamation:

Public enterprise funds: Upper Colorado River Basin fund Other. - -

Construction and rehabiUtation Other

Alaska Power Administration BonneviUe Power Administration Southeastern Power Administration Southwestern Power Administration

Total water and power development .

Water quaUty and research: Officeof Saline Water Federal Water Pollution Control Administration

Secretarial offices: Office of the Solicitor Office of the Secretary •. Office of Water Resources Research

Virgin Islands Corporation Proprietary receipts from the pubUc Intrabudgetary transactions

Total Interior D epartment

Justice Department: Legal activities and general administration. Federal Bureau of Investigation Immigration and Naturalization Service Federal Prison Systems:

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 D epartment

Footnote at end of table.

-129 108,783 268.369 129.482 60,683

734, 743

91.773

16,133 56,326 8,429 874

173,535

242 51, 735

109, 284 133,141

294,401

•• 29, 508 -3.514

•• 166,611 90, 871

916 130.512

874 7.648

423,426

37,450 214.940

5, 533 8,052

10,810 -505 ...

-1,043,373 -40,268

818,743

86,925 217, 560 90,013

- 8 , 111 -64

79,413 33,535 17,351 -1,655

514,968

-6-21 56 080

307, 394 116, 550 65,132

741, 664

102. 692

30,229 61.982 17, 292 1,042

213,236

-289 54, 496

114, 618 138,818

307, 642

22, 523 -2,344 142,128 97, 599 1,003

130, 368 818

6.853

398,949

30,204 262,334

6.412 10,262 11,804

—815, 563 -31, 235

1.135,709

104,957 252.902 103,997

-1,493 -139

89,683 65,418 25, 936

-1.286

639, 974

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 27

T A B L E 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES—Continued Labor Department:

Manpower Administration: Manpower development and training activities 377,353 408,388 Salaries, expenses, and other.. ••31,815 36,924 Bureau of Apprenticeship and Training 9,188 7,084 Unemployment compensation for Federal employees and ex-servicemen

and trade adjustment.. '"126,605 183,554 Advances to employment security administration account, unemploy­

ment trust fund -3,832 -4.379

Unemployment trust fund: Employment security administration account:

Salaries and expenses. 20,805 18,442 Grants to States for unemployment compensation and employment

service administration.. 588,062 624,197 Payments to general fund:

Reimbursements and recoveries 9,555 10,766 Interest on refunds of taxes 248 242 Interest on advances from general (revolving) fund 3,832 4,379

Railroad unemployment insurance account: Benefit payments 96,588 92,955 Interest on advances from railroad retirement account 5, 730 4,87 6

Railroad unemployment insurance administration fund 6,089 6,475 State accounts: Withdrawals by States ^- 2,061,135 2,792,794 Federal extended compensation account (*)

Total unemployment trust fund 2,792,043 3,555,127

Other. ^ -100 - 1

Total Manpower Administration 3,333,072 4,186,696

Labor-management relations 8,971 11,506

Wage and labor standards: Wage and Labor Standards Administration •• 37,103 41,998 Bureau of Employees' Compensation:

Employees' compensation claims and expenses 67,203 81,481 Other 404 448

Total wage and labor standards 104.771 123,927

Bureau of Labor Statistics 22,032 23.235 Bureau of International Labor Affairs. 1,716 1,730 Office of the Solicitor 6,122 6,663 Office of the Secretary ••5,688 6,022 Proprietary receipts from the public • —7,384 —3,893

Total Labor Department ^ 3,474,939 4,355,886

Post Office Department: Postal Fund 920,334 1,510,023

State Department: Administration of foreign affairs:

Salaries and expenses 208,365 225,549 Acquisition, operation and maintenance of buildings abroad 18.717 16.116 Intragovernmentalfunds (net)._ . 180 —116 Foreign service retirement and disability fund 14,144 17,213 Other 3,164 3,012

Total administration of foreign affaii-s 244,569 261.773

International organizations and conferences: Contributions to international organizations 118,526 128,841 Other 5,695 7.114

International commissions 14.804 7.643 Educational exchange 46,956 36,435 Other 11,515 11,678 Proprietary receipts from the public . . . —4.731 —5.066

Footnotes at end of table.

409 -714—71-

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

28 19 70 REPORT OF THE SECRETARY OF TPIE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970—-Continued .

[ In thousands of dollars]

The expenditure account 1969 1970

NET EXPENDITURES—Continued

State Department—Continued Intrabudgetary transactions:

Foreign service retirement and disability fund: Receipts transferred to civU service rethement and disabUity fund —184 —135

Other -430 -430

Total State Department . - . . 436,719 447,754

Transportation Department: Officeof the Secretary 15,837 20.597 Coast Guard:

Trust revolving funds 90 —57 Intragovernmentalfunds (net) : —4,284 2.966 Other 652.200 585,318

Federal Aviation Administration: Public enterprise funds — 1 10 FacUities and equipment 74,532 . 106,854 Grants-in-aid for anports. 103,671 83,155 CivU supersonic ancraft development 80,603 111, 348 Other '•739.171 885.084

Federal Highway Administration: Highway beautification 21.329 13.853 State and commmiity highway safety programs 40.169 74,820 Highway trust fund:

Federal-aid highways 4,160,575 4,376,174 Other r 50, 506 50,180

Federal Railroad Administration: Alaska raUroad . . . . —501 —254 Other . 16,679 16,846

Urban Mass Transportation Administration: Urbanmass transportation fund 139,358 104,603 Other : 715 1,517

Saint Lawrence Seaway Development Corporation 4,885 8 National Transportation Safety Board 4.725 5,425 Proprietary receipts hom the pubUc —20.386 —19,910

Total Transportation Department 5,969,873 6.417.536

Treasury Department: Office of the Secretary:

Salaries and expenses. 7,588 9,218 Federal Farm Mortgage Corporation liquidation fund 1 2 Other 33 46

Bureau of Accounts: Salaries and expenses 45,243 45,240 Claims, judgments and relief acts 62,275 52,677 Interest on uninvested funds 7,254 6.226 Government losses in shipment 330 167 Reconstruction Finance Corp. liquidation fund —180 Other 393 1.925

Bureau of Customs: Salaries and expenses 99,072 121,360 Other 44,882 54,038

Bureau of Engraving and Printing: Intragovernmentalfunds (net) —7 —236 Other 403 94

Bm-eau of the Mint: Salaries and expenses 14,216 16, 111 Other 7.006 5,900

Bureau of the Public Debt 67,408 64,215 Internal Revenue Service:

Salaries and expenses. 21.247 25,302 Revenue accounting and processing 187,325 212,893 Compliance 537.252 631.808 Interest onrefunds oftaxes.. . . 119,841 112.671 Payments to Puerto Rico for taxes coUected 80,238 85.167 Federal tax lien revolving fund —1 16

Officeof the Comptroller of the Currency -1,899 -5,051 Office of the Treasurer:

Salaries and expenses 7,065 7,911 Check forgery insurance fund —3 105

U.S. Secret Service 23,704 30.271

Footnote at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 29 TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and

1970—Continued [ In thousands of dollars]

The expenditure account 1970

13, 961.219 2, 627,018

16, 588.237

-268,340 -716.923

16,923,841

2,450,377

15,844,149 3,469, 521

19.303,670

-404. 626 -867. 625

19, 509. 513

2.453,102

N E T EXPENDITURES-Continued

Treasury D e p a r t m e n t — C o n t i n u e d In teres t on t he publ ic deb t (accrual basis) :

Pub l i c i s sues Special issues :

T o t a l interest on the pub l i c d e b t . . .

P ropr ie ta ry receipts from t h e p u b l i c . .

I n t r a b u d g e t a r y t ransact ions

T o t a l T reasu ry D e p a r t m e n t

A tomic Energy Commission

General Services Adni in is t ra t ion: Rea l p roper ty activit ies:

(Construction, pub l i c buUdings projects 68,158 • Operat ing expenses, p u b h c bui lding service 290,550 Repa i r and improvemen t of p u b h c buildings 73,947 I n t r a g o v e r n m e n t a l f u n d s (net) —12,663 Other '•24,865

Personal p roper ty activit ies: I n t r a g o v e r n m e n t a l f u n d s (net) 33,218 Other 75,584

Records activit ies: Na t iona l Archives t r u s t f u n d . . : —179 O t h e r . . 20,868

Transpo r t a t i on a n d communica t ions activities 5,217 P r o p e r t y m a n a g e m e n t and disposal activit ies:

Pub l i c enterprise funds —15 In t r agove rnmen ta l funds (net) 308 O t h e r . . . . 27,155

General activit ies: Surplus real p roper ty credit sales —27,869 PubUc enterprise f u n d s . . —12 I n t r a g o v e m m e n t a l funds (net) — 663 Other 2,763

Propr i e t a ry receipts from t h e publ ic . . —161,569 T o t a l General Services Admi ius t ra t ion 419,752

Na t iona l Aeronaut ics and Space Adminis t ra t ion 4,246,514

Veterans ' Adin in is t ra t ion: Compensa t ion , pensions, a n d benefit p rograms 6,593,809 Medical care 1,450,038 Pub l i c enterprise funds:

Direct loan revolving fund —7,267 L o a n gua ran ty revolving fund —17,151 Other -73 ,786

Benefits, refunds, and d iv idends : G o v e r n m e n t life insurance fund 77.847 Na t iona l service Ufe insurance fund 567,906

Othe r . 321.618 Propr ie ta ry receipts from the publ ic :

G o v e m m e n t life insurance fund . —10,967 Na t iona l service life insurance fund —477,984 Other - 1 . 8 6 5

I n t r a b u d g e t a r y t ransact ions: P a y m e n t to veterans life insurance funds:

(Govemment life insurance fund —50 Na t iona l service life insurance fund —6.840

T o t a l V e t e r a n s ' A d m i n i s t r a t i o n . . • 7,416,309

O ther independen t agencies: Admin i s t r a t ive Conference of t he Uni ted S ta t e s . . . . . 238 Amer ican B a t t l e M o n u m e n t s Commission 2,348 A r m s Control and D i s a r m a m e n t Agency 9,600 Cabine t Commi t t e e on Oppor tuni t ies for Spanish Speaking People —67 Cen t ra l InteUigence Agency, cons tmct ion 68 Civil Aeronaut ics Board :

P a y m e n t s to air carriers — 43,924 Salaries and expenses 9,839 Propr ie ta ry receipts from t h e publ ic —131

Footnotes at end of table .

69.667 329.929

78,456 - 3 , 636 19,884

18,037 82,398

23 24,234 7,623

- 8 3 8 325

25, 668

- 4 3 . 964 - 8 , 1 2 9

- 6 5 9 1,665

-164,666

425,928

3,748,926

6,338,179 1,652,627

-13 ,151 -23 .981 - 8 0 , 8 9 1

81,392 693,069 379,868

-10 ,123 -463,091

- 2 . 1 2 4

- 6 8 -3,324

8,448,391

254 2,432

10, 641 476

36,646 11,184

- 1 2 5

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

30 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970—Continued

[ In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued Other independent agencies—Continued

Civil Service Commission: Payment to civU service retirement and disabUity fund Government payments for annuitants, employees health benefits Civil service retirement and disability fund Employees health benefits fund.. Employees' life insurance fund... Retired employees health benefits fund -. Other Proprietary receipts from the public Intrabudgetary transactions:

Civil service retirement and disabiUty fund: Receipts transferred to foreign service retirement and disability fund. —10.204 —2,470 General fund contribution —72,000 —230,817

72, 000 40, 748

2,406, 208 -17,737 -151, 556

1,231 39.190

-31.359

230,817 41.185

2, 751, 606 2,941

-160,520 -27.474 44, 815 -3,055

Total CivU Sei-vice Commission. 2.276,520 2,647.028

Commission of Fine Arts Commission on CivU Rights.. Corporation for Public Broadcasting District of Columbia, Federal payment Equal Employment Opportuity Commission Export-Import Bank ofthe United States.

Farm Credit Administration: Revolving fund for administrative expenses Short-term credit investment fund Banks for cooperatives investment fund Banksfor cooperatives fund Federal intermediate credit banks fund Proprietary receipts from the pubhc Intrabudgetary transactions...

Total Farm Credit Administration.

Federal Coal Mine Safety Board of Review Federal Communications Commission. Federal Deposit Insurance Corporation Federal Field Committee for Development Planning in Alaska

. Federal Home Loan Bank Board: Federal Savhigs and Loan Insurance Corp. fund Other.

Federal Maritime Commission Federal Mediation and ConcUiation Service Federal Power Commission Federal Radiation Council... Federal Trade Commission.. Foreign Claims Settlement Commission. Historical and Memorial Commissions Indian Clainis Commission.. Intergovernmental agencies:

Advisory Commission on Intergovernmental Relations Appalachian Regional Commission:

Salaries, expenses, andother Intrabudgetary transactions

Delaware River Basin Commission Interstate Commission on the Potomac River Basin Washington Metropolitan Area Transit Authority

Interstate Commerce Commission... National Capital Plarming Coinmission. National Council on Indian Opportunity National Foundation on Arts and Humanities National Labor Relations Board National Mediation Board. , National Science Foundation President's Committee on Consumer Interests President's Council on Youth Opportunity

Footnote at end of table.

107 2, 587 5,000 89.178 8, 632

-119.641

-142 -64,388 ...

98 2.902 15.000

118. 562 11,627

-73, 262

-144

-28.324 -2.240 -53,868 -43, 840 -5.995 ...

-3,303

-198,796

105 20.261

-312.519 188

-309, 768 -801 3,633 8,022 15,666

138 16,398

831 95 628

473

1,777 -1,101

191 5

^6,112 24, 532 1,07O

34 11, 517 34, 286 2,187

487,983 r344 159

-3,447

78 23,619

-328,390 211

-257,687 280

3,933 8,770 17,910 -153

19,921 700 216 744

647

1,901 -932 200 5

15,757 27,437 1,045 189

14,829 37,612 2.237

462,611 499

—237

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 3 1

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and .ZP70—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued Other independent agencies—Continued

Railroad Retirement Board: Payments for military service credits.. 18,446 19,206 Railroad retirement accounts:

Administrative expenses 14,798 16,261 Benefit payments, etc. 1,532,790 1,586,403 Interest on refunds of taxes 6 9 Payment to railroad unemployment insurance account 1 5,228

Proprietary receipts from the pubhc . . . —6,791 —2,396 Intrabudgetary transactions:

RaUroad retirement account: Payments for military service credits —18,446 —19,206

Receipts transferred to railroad unemployment insurance account —1 —5,228

Total Railroad Retirement Board 1,540,802 1,600,277

Renegotiation Board. 2,983 3,900 Securities and Exchange Coinmission ..'. 18,546 21,509 Selective Service System.. 64,791 75.378

Small Business Administration: Public enterprise funds. . . 116,184 115,082 Salaries and expenses 11,373 10,809 Other .- 21 Proprietary receipts from the public

Total Small Business Administration

Smithsonian Institution Subversive Activities Control Board Tarifl Commission.. Temporary Study Commissions

Tennessee Valley Authority: TennesseeValley Authority fund Proprietary receipts from the public

Total Tennessee Valley Authority

U.S. Information Agency: Informational media guarantee fund 4 —2 Salaries and expenses 171,232 180,153 Construction of radio facilities 7,776 8,311 Other. 4,628 9,915 Proprietary receipts from the pulDlic —685 —964

. Total U.S. Information Agency 182,955 197,413

-la

127, 545

51, 481 270

3. 847 7, 982

187,150 -85

187, 064

-8

125,904

49, 390 374

4.088 7,017

211. 006 -93

210, 913

U.S. section,of the United States-Mexico Commission for Border Develop-m.ent and Friendship. —51 223

U.S. Tax Court 2,509 2,972 Water Resources Council:

Planning expenses and other . 3,738 4,199 Intrabudgetary transactions. —484 —671

. Total other independent agencies ''4,335,919 5,136, 755

Undistributed intrabudgetary transactions: Federal employer contributions to retirement and social insurance funds:

The judiciary: Judicial survivors annuity fund —502 —620

Health. Education, and Welfare Departraent: Federal old-age and sm'vivors insurance trust fund —469,000 — 559,000 Federal disability insurance trust fund —63, 000 —78,000 Federal hospital insm'ance trust fund —79,000 —91,000

State Department: Foreign service retirement and disabUity fund — 5,399 — 6,886

Other independent agencies: Civil Service Commission:

Civil service retirement and disability fund -1,4.00,851 - 1 , 708,826 U.S. Tax Court:

Tax court judges survivors annuity fund.. —20 —20

Subtotal -- -2,017,773 -2,444,352

Footnote at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

32 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970—Continued

[In thousands of dollars]

The expenditure account 1969 1970

N E T EXPENDITURES-Continued Undistributed hitrabudgetary transactions—Conthiued

Interest credited to certain Government accomits: The judiciary:

Judicial survivors annuity fund —171 —207 Defense Department:

CivU: Soldiers'Home Permanent fund _ -3,233 -3,291

Health, Education, and Welfare Department: Federal old-age and sm-vivors insurance trust fund —1,008,949 — 1, 346,096 Federal disabUity insurance trust fund —139,587 —221,485 Federal hospital insurance trust fund. . —93, 581 —138,182 Federal supplementary medical insurance trust fmid —23,466 —11,536

Interior Department: Indian tribal funds -6,380 -15,339

Labor Depai'tment: Uneraployment trust fund -516,637 -601,21

State Depai'tment: Foreign service retirement an d disability fund — 1,765 — 2,319

Transportation Department: Highway trust fund -52,654 -115,410

Veterans' Adrainistration: Government life insm'ance fmid —31,902 —31.347 National service life insurance fund —224.539 —244,995

CivU Service Commission: CivU service retirement and disabUity fund —805,292 —987,284

Railroad Retirement Board: Railroad retirement accounts. —191,168 —214,678

Other -763 -2,144

Subtotal... -3,099,088 -3,936,525

Total undistributed intrabudgetary transactions. —6,116,861 —6,379,877

Total net expenditures (excluding net lending) . ••183,071,967 194,459,543

The expenditure account surplus, or deficit (—) ._ 4, 712,495 —716,292

The loan account 1969 1970

NET LENDING

Funds appropriated to the President: Economic opportunity loans. _ Defense production ac t . . .

Total funds appropriated to the President

Agriculture Departraent: • Comraodity Credit Corporation:

Storage facUity and short-terra export sales credits _ 84,314 50,476 Farraers Horae Adrainistration:

Agriculture credit hismance : 204,413 —145,975 Direct loans. 47,494 51.894 Emergency credit 9.156 -20,584 Ruralhousing insurance •• 61,035 91,401 Self-help housing land development.. _ __ 114 State rm-al rehabilitation 1,168 —12,848

Rural Electrffication Admmistration 229,325 316,773 Other 31 850

-2,099 -2.266

-4,365

-9, 569 -831

-10,390

Total Agriculture Department 636,937 332,100

Coramerce Department: Economic Development Administration:

Economic development.. 41,768 67,514 Marithne Adrainistration:

Federal ship mortgage insurance Other

Total Commerce Department _

Footnote at end of table.

-725 -6,442

34,601

-1,961 -6,925

48,629

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 3 3

TABLE 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and 1970—Continued

[ In thousands of dollars]

The loan account 1969 1970

N E T LENDING—Continued Defense Department:

MUitary: Defense production guarantees —2,161 —670

CivU: Construction of power systems, Ryukyu Islands ._ —236

Total Defense Department -2,161 -906

Health. Education, and Welfare Department: Office of Education:

Higher education activities Studentloans Other

Health Services and Mental Health Administration. Other.

91,191 85 478 -93 3,344

97,547 3,176 670

5,535 3,278

Total Health, Education, and Welfare Department 95,007 110,105

Housing and Urban Development Department: Renewal and housing assistance:

College housing loans 148,584 139,012 Low-rent public housing 12,752 —1,208 Urban renewal programs 37,205 —5.935 Other - '25.339 35.378

Metropolitan development: Public facility loans 43,978 38,977 Liquidating programs —418 1,169

Federal Housing Administration: Modernization, improvement, and mortgage insurance 19,467 —55.214 Community disposal operations 888 —863 Housing for the elderiy 79,355 81,837

Government National Mortgage Association: Management and liquidating functions... 113,622 -^79,359 Special assistance functions - 442,299 670,813

• Participation sales fund -292,960 Secondary market functions 176,856

Total Housing and Urban Development Department 806,968 824,597

Interior Department: Bureau of Reclamation 4,398 2,959 Other 13,433 -2,289

Total Interior Department --.- 17,832 670

Transportation Department.. —200 —225 Treasury Department —46 —267 General Services Administration. 4.961 20,212

Veterans' Adininistration: Direct loan program : Loan guaranty program Government Ufe insurance fund National service life insurance fund Other

46,927 142,391 -1,822 58,642 6,949

26,427 72,805 2,786 92,016 10,337

Total Veterans'Admimstration 253,088 204,370

Other independent agencies: CivU Service Commission.. —594,600 Loans to District of Columbia . - . . 64,756 90,350 Export-Import Bank of the United States. . . •'365,844 292,321

Farm Credit Administration: Banks for cooperatives - 122,871 Federalinterraediate credit banks —278,040

Total Fai-m Credit Administration.

Federal Home Loan Bank Board: Federal Savings and Loan Insurance Coi*poration 21,513 90,210

Interstate Commerce Coinmission... —1,001 —834 National Capital Planning Commission. —23 —3 Railroad Retirement Board. . . - —60,000 SmaU Business Administration:

Business loan and investment fund —11,271 73,178 Disaster loan fund -6,469 54,126

Totalloan account 1,476,201 2,128,242

Footnote at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

34 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 4.—Budget receipts, expenditures, and lending, fiscal years 1969 and i 570—Continued

[In thousands of dollars]

1969 1970

TOTAL BUDGET

Receipts (-I-) (The expenditure account) r+i87,784,463 193,743,251

Expenditures ( - ) (Thc expenditure account) ^-183,071,967 -194,459,543

Netlending (+),or ( - ) (The loan account) -1,476,201 -2,128,242

Totaloutlays -184,548,169 -196,587.786

Budget surplus, (-1-), or deficit ( - ) . -}-3,236,294 -2,844,535

* Less than $500. >• Revised.

T A B L E 5.—Means of financing, fiscal years 1969 and 1970

[In thousands of dollars. On basis of "Monthly Statement of Receipts and Expenditures of the United State Governraent," see "Bases of Tables"]

1969 1970 Classification

(Assets and liabilities dkectly Net Closing Net Closing related to the budget) transactions balances transactions balances

LIABILITY ACCOUNTS

Borrowing from the public: Federal securities:

Public debt securities: As published in daily Treasury state­

ments 6,141,847 353,720,254 17,198,453 370,918,707

Agency securities: Defense Department:

Family housing raortgages -93,486 1,857,955 -86,185 1,771,770 Homeowners assistance raortgages 5,271 5,283 —1,811 3,472

Housing and Urban Development Depart­ment:

Federal Housing Adrainistration 28,469 576,806 -60,044 516,853 Government National Mortgage Associ­

ation: Participation sales fund:

Participation certificates 700,000 8,600,000 -1,280,000 7,320,000 Secondary market operations — 5,887,062

Transportation Department: Coast Guard:

Family housing raortgages -126 2,961 -131 2,829 Treasury Departraent:

Federal Farm Mortgage Corp. liqui­dation fund.. - 2 107 - 2 105

Other independent agencies: Export-Import Bank of the United

States: Agency securities 270,680 658,145 -258,145 400,000 Participation certificates -369,115 1,813,953 -321,154 1,492,799

Farm Credit Administration: Banks for cooperatives fund —1, 229, 515 Federal intermediate credit banks

fund.. . -3,778,580 Federal Home Loan Bank Board:

Federal Home Loan Bank Board re­volving fund 418 5,851 -217 5,634

Home Owners' Loan Corporation fund -13 247 - 5 242

Tennessee Valley Authority 202,655 727,655 268,345 996,000

Total agency securities -10,150,407 14,249,053 -1,739,350 12,509,703

Total Federal secmities - 4 , 008, 559 367, 969, 307 15, 459,103 383,4'28,410

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 3 5

TABLE 5.—Means of financing, fiscal years 1969 and 1970—Continued

Classification 1969

(Assets and liabUities directly Net Closing Net Closing related to the budget) transactions balances transactions balances

LIABILITY ACCOUNTS—Continued

Borrowing from the public—Continued Deduct:

Federal securities held as investments of Government accounts 1 8,521,730 87,661,297 10,061,857 97,723,154

Noninterest-bearing public debt securities heldby IMF -1.384,000 825,000 825,000

Total borrowing from the public -11,146,289 279,483, 010 5,397,246 284,880,256

Accrued interest payable on public debt securities 32,805 1.767,852 305.557 2.073.410

Deposit funds: Allocations of special drawing rights. 866,880 866,880 Other 158,956 4,531,065 -710,038 3,821,017

MisceUaneous liability accounts (includes checks outstanding, etc.) ••-112,859 ••5,049.409 -200,245 4,849.164

Total liability accounts... . . . .-11,067,387 290,831,327 5,659,400 296,490,727

ASSET ACCOUNTS (Deduct)

Cash and montary assets: Within general accomit of the Treasm'er of the

United States: As published in the daUy Treasury state-

raent... N e t t ransact ions in t rans i t as of J u n e 30

T o t a l as of J u n e 30

With other Governmen t officers: Special d rawing r igh t s :

To ta l holdings Certificates issued to Federa l Reserve

b a n k s

Balance Other

With In te rna t iona l Monetary F u n d

T o t a l cash and mone ta ry assets

Miscellaneous asset accounts

To ta l asset accomits .

Excess of l iabili t ies (-f) or assets ( - ) . . A d d : Transac t ions no t apphed to current year ' s

surplus or deficit

To ta l budge t financing (Financing of deficit (-F), or disposition of s m p l u s

» See tables 6 and 20. •• Revised.

409, 476 350,240

759, 716

808, 459 644,250

2, 212,424

363,002

2, 575,427

— 13,642,814

10,406,520 .

- 3 , 236, 294

7,103, 538 440,870

7, 544,408

4,352, 536 1,610,000

13.506,944

1, 512,362

15,019,306

-1-275,812.021

4-275, 812,021

1,912, 358 -165,965

1, 746, 393

957.188

-400,000

557,188 -1 ,535,676

802,000

1, 569,906

284,192

1,854,098

-f 3,805,303

-960,768

4-2,844, 535

9, 015, 896 274, 906

9, 290,802

957,188

-400,000

557,188 2,816,860 2, 412,000

15,076, 850

1, 796,553

16, 873,403

-1-279. 617,324

- 9 6 0 , 768

-f 278, 656, 556

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

36 197 0 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 6.—Investments of Government accounts in Federal securities (net) fiscal years 1969 and 1970

[Amounts represent public debt securities unless stated otherwise. Par value. In thousands of dollars. On basis of "Monthly Statement of Receipts and Expenditures of the United States Government," see "Bases of Tables"]

Agency 1969 1970

Legislative branch: Library of Congress... —9 —2

The judiciary: Judicial survivors annuity fund 593 786

Agriculture Department: Publicdebt securities 617 1,741 Agency securities —5,809 —5,291

Coinmerce Department -- 2,395 7,574 Defense Department 143 62 Health, Education, and Welfare Departraent:

Federal old-age and survivors insmance trust fund: Public debt securities 2,764,853 3,953,285 Agency securities —96.500 Participation certificates 230.000

Federal disabUity hisurance trust fund: Public debt securities 1,150,956 1,392,466 Agency securities —30,000 Participation certfficates —50,000

Federal hospital insurance trust fund: Public debt secmities 631,176 693,382 Agency securities —41,500

Federal supplementary medical insurance trust fund. 76,558 — 344,564 Other... 403 488

Housing and Urban Development Department: Renewal and housing assistance:

Low-rent public housing program - —3,000 Federal Housing Administration:

Federal Housing Administration fund: Public debt securities - -- 167,439 133,932 Agency securities —3,049 —3,431 Participation certfficates 115 70

Community disposal operations fund: Public debt securities 8 34

Government National Mortgage Association: i Participation sales fund:

Public debt securities . . - . . 600.691 -335,503 Agency securities -- -35.880 -33,795

Management and liquidating functions fund: Agency securities —2,151 —2,135

Special assistance functions fund: Agencyisecurities -5,789 -6,008

Federal Insmance Administration: National insurance development fund 32,024 27,976

Interior Department: Public debt securities -5.637 180,847 Participation certfficates. 1,000

Labor Department: Unemployment trust fund:

Public debt securities 1,174,194 552.635 Agency securities —146.500 Participation certfficates . : . . . . -90.000 -65,000

Other - 6 -12 State Department:

Foreign service retirement and disability fund 5,460 3,704 Other 35 -20

Transportation Department: Highway trust fund . - - . 534,411 1,089,002 Other 24

Treasury Department: Public debt securities -722,167 -3,400 Agency securities —25.000 Participation certificates —2,000

General Services Administration 636 —277 Veterans* Admiaistration:

Veterans' reopened insurance fund 34,609 34,714 Veterans' special term insm-ance fund 28,471 24,315 Government life insm-ance fund:

Public debt securities.... -34,569 -45,088 National service life insmance fund:

Public debt securities -102.096 161,492 Agency securities —67,600 Participation certfficates 176,000 -76,000

Other 686 -326

Footnote at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 37

TABLE 6.—Investments of Government accounts in Federal securities (net) fiscal years 1969 and 1970—Continued

[In thousands of dollars]

Agency 1970

Other independent agencies: Civil Service Cominission:

Civil service retirement and disabffity fund: Public debt securities Agency securities Participation certfficates

Employees health benefits fund Employees'lUe insurance fund... Retired employees health benefits fund

Farm Credit Administration: Banks for cooperatives:

Pubhc debt securities , Federal intermediate credit banks:

Pubhc debt securities Agency securities.

Federal Deposit Insurance Corporation Federal Savings and Loan Insurance Corporation:

PubUc debt securities Agency securities Participation certificates

Railroad Retirement Board: Public debt securities -.-Agency securities.. -Participation certificates

Other

Total pubhc debt securities Total agency securities Total participation certfficates..

Total

MEMORANDUM

1,824,117 -96,600 . 100,000 .

6,764 143,045 -1,996

-56,781 .

-137,009 . -10,500 . 312.655

215,786 " -4,000 .

70,950 .

130,755 -71,500 .

535

8,676,844 -642,179

487,065

Investments in securities of privately owned Government-sponsored enter­prises:

Included in the Loan Account: CivU service retirement and disabiUty fund , . . —694,600 . Federal Savings and Loan Insurance Corporation (acquired securities) Indian tribal funds 6,355 MUk market orders assessments fund Participation sales fund -292,960 . Railroad retirement account —50,000 .

Total , - -932,205

Not applied to current year's surplus or deficit: Civil service retirement and disabUity fund 86,500 Federal old-age and survivors ins. tmstfund 86,500 Federal hospital insurance tmst fund 41,500 Federal disability insurance tmst fund 20,000 . Federal Savings and Loan Insurance Corporation 4.000 . Participation sales fund 17,705 Railroad retirement account 61,500 Unemployment tmst fund 86,500 Veterans Ufe insurance tmst fund 67,500

Total 471,705

1,792,667

-13.401 161,560 19,090

327,669

172,823

317,530

"-50,"000 47,441

10,354.446 -50,659

-241.930

8,621,730 10,061.867

12,830 -6,356

173

7,648

-66,500 -66.500 -41,500

-17,705 -41,500 -66.500 -67,600

-367,705

1 This association was created eflective Sept. 30,1968, by an act approved Aug. 1,1968 (12 U.S.C. 1716(b)). I t assumed the assets and habffities of the management and liquidating functions fund, the special assistance functions fund, and participation sales fund formerly of the Federal National Mortgage Association, and continues to operate the functions cf these funds.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CO (X)

TABLE 7.—Receipts by departments and agencies, fiscal year 1970 [On basis of " C o m b i n e d S ta t emen t of Receipts , Expend i tu re s and Balances of the Un i t ed States G o v e r n m e n t "

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D e p a r t m e n t or agency B u d g e t receipts Propr ie ta ry

receipts from the publ ic

I n t r a b u d g e t a r y

In ter fund, deducted b y

agency

In ter fund, no t deduc ted

b y agency

Loan account r e p a y m e n t s

To ta l receipts oflset against

out lays

Legislative b ranch _ 3,639,571 T h e judiciary 21,576,287 F u n d s appropr ia ted to t he Pres iden t :

M U i t a r y . . . . Economic assistance —622,834 Other 712,242

Agricultm'e D e p a r t m e n t 17.727,654 Commerce D e p a r t m e n t . . . . 26,938,897 Defense D e p a r t m e n t :

M U i t a r y . . . . -. -105,637,072 CivU 1,092,582

H e a l t h , E d u c a t i o n , and Welfare D e p a r t m e n t 39,151,129.241 Hous ing 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 . . . . . . 524.594 Inter ior D e p a r t m e n t 11,288,559 Just ice D e p a r t m e n t 17,766,671 Labor D e p a r t m e n t 3,464,819,973 Sta te D e p a r t m e n t 41.092,262 Transpo r t a t i on D e p a r t m e n t 5,365,383,090 T r e a s u r y D e p a r t m e n t 143,017,794,862 Atomic Ene rgy Commiss ion 2,177,232 General Services Adin in is t ra t ion —836,230 Na t iona l Aeronaut ics a n d Space Admin i s t r a t ion '.. 704,090 Veterans ' Admin i s t r a t ion 2,425,603 O t h e r i n d e p e n d e n t agencies 2,713,553,515

To ta l 193.743,250,789

11. 727,449 5,855,240 .

828,379,853 . 73,800,326 .

578,144 . 489,707.112 .

25, 484.341

477,200 217,151 826,961 .

140. 39,

. 35,

815, 1, 3, 5, 19,

404, 2,

164, 5,

475, 15.

974,293 376,021 820, 687 23,366

562, 600 286,225 892, 603 066,185 910,496 526, 421 117, 540 666, 234 925.648 337.980 095,183

6,643,595 .

6,806, 364 18,270.395

2, 603,821,000

24,641 3,291,438 ,

2, 445,310,709

174, 934,607 6, 925,190

236,280

"'i,'867,'779'

31, 234,823 17,046, 778 1,746, 863

fiOl.215.982 _ 564,620

867, 525, 049

9,205,294 ... 115.409, 815

24.970

56.835

242,256

23, 586, 642

3,381,427 259, 324,298

276,430,783 2, 910, 816,269 39,542,384

3. 565.113.947 3, 798, 048, 771 6, 379, 876, 627

12, 421, 800 6, 682, 201

828,379, 853 73,800, 326

578,144 664,641,719 39,053,126

148, 60.

5.086.

865. 1.

605, 14,

135, 1,272,

2, 188, 5,

755, 3,224,

041, 578 937, 854 820,175 23, 366 591, 064 286,225 108, 585 836, 099 320.311 318, 696 117, 540 309, 711 925,648 150.190 777,134

249, 082,000 13,992,121,346

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 8.—Budget receipts and outlays monthly and total for fiscal year 1970

[In millions of doUars. On basis of "Monthly Statement of Receipts and Expenditures of the United States Govemment," see "Bases of Tables"]

Receipts and outlays July August Septem- October Novem- Decem- January ber ber ber

Febru­ary

March April May June Total 1970

278 367 328 207 207

2,701 15, 705 3,644 2,430 3,424

14,999 20,406 11,832 14,332 16,701 16,303 14,929 13,110 22,043 13,986 22,561 193,743

N E T R E C E I P T S

Ind iv idua l income taxes 6,404 7,230 9,776 6,636 7,236 6,774 10,660 6,965 3,419 10,701 5,258 9,353 90,412 Corpora t ion income taxes 1,070 571 5,561 843 634 5,627 1,127 646 4,239 4,578 714 7,329 32,829 Social insurance taxes and contr ibut ions :

E m p l o y r a e n t taxes and c o n t r i b u t i o n s . . 2,510 4,392 2,766 2,055 3,547 1,917 2,290 4,363 3,151 3,927 4,792 3,421 39,133 U n e m p l o y m e n t insurance 124 601 51 93 343 58 130 ' 842 63 233 857 70 3,464 Cont r ibu t ions for other insurance and retire­

m e n t 244 217 205 216 187 214 254 203 221 259 202 Exc ise taxes 1,419 1,263 1,295 1,259 1,606 1,400 1,154 1,206 1,192 1,226 1,319 E s t a t e and gift taxes 221 257 254 264 2'22 277 286 265 322 699 348 Cus toms . 222 213 215 231 185 197 195 165 202 207 192 Miscellaneous 328 256 292 234 370 337 208 275 300 313 303

To ta l 12,542

N E T O U T L A Y S

Legis la t ive b ranch 30 29 29 31 18 31 27 40 29 24 28 24 340 T h e j u d i c i a r y 9 13 10 10 10 14 8 10 10 11 11 12 128 Execu t ive Office of t he Pres ident 2 4 3 3 3 3 3 3 4 4 3 3 36 F u n d s appropr ia ted to t he Pres ident :

MUitary assistance - 1 6 65 77 71 72 32 56 76 42 72 138 55 731 Economic assistance 124 123 134 160 111 152 135 110 142 148 121 148 1,608 Other 186 280 192 209 ISO 158 191 207 169 194 175 297 2,436

Agr icul ture D e p a r t m e n t : Co inmodi ty Credi t Corporat ion and

foreign assistance and special export pro­grams 560 851 1,502 853 412 407 450 46 38 - 6 3 - 1 4 4 - 1 3 6 4,777

Other 265 487 355 423 228 191 281 - 1 2 3 258 383 464 318 3,530 Commerce D e p a r t r a e n t 73 54 55 145 55 68 95 76 69 120 106 123 1,028 Defense D e p a r t m e n t :

Mil i tary: D e p a r t m e n t of t he A r m y 2,022 2,071 2,076 2,133 2,002 2,139 1,972 1,941 1,979 2,169 1,901 2,321 24,725 D e p a r t m e n t of the N a v y 1,865 1,911 1,915 2,069 1,645 1,894 1,908 1,696 1,930 1,886 1,817 1,967 2-2,505 D e p a r t m e n t of the Air Force 2,060 2,227 2,050 2,318 2,008 2,106 2,048 1,927 2,001 2,059 2,054 2,008 24,868 Defense agencies 393 394 431 -457 391 436 482 384 459 411 406 330 4,972 O t h e r 6 9 7 6 5 7 6 6 8 6 7 7 80

T o t a l mi l i t a ry 6,346 6,612 6,479 6,982 6,051 6,584 6,419

Civil . - 86 102 117 116 98 121 96 51 70 93 95 167

5,953 6,377 6,531 6,185 6,634 77,150

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

o

TABLE 8.—Budget receipts and outlays monthly and total for fiscal year 1970—Continued [In miUions of doUars.]

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Receipts and outlays July August Septem- October Novem- Decem- January Febru- March ber ber ber ary

April May June Total 1970

N E T OUTLAYS—Continued

Health, Education, and Welfare Department: Social and rehabihtation service 635 627 619 682 571 673 742 705 702 794 809 619 8,178 Federal old-age and survivors insurance

tmstfund. 2,062 2,062 2,086 2,085 2,071 2,063 2,054 2,110 2.137 3,080 2,460 Federal disability insurance tmst fund 227 225 233 225 228 233 237 238 233 328 270 Federal hospital insurance tmst fund 420 408 370 337 356 438 411 388 492 449 440 Federal supplementary medical insurance

tmstfund 163 162 168 283 167 169 180 172 202 186 175 Other : . . 443 516 606 700 463 561 637 508 620 647 655

Housing and Urban Development Depart­ment 241 245 175 618 193 198 164 189 170 229 63

Interior Department 97 121 130 108 106 67 16 86 118 103 101 Justice Department 39 68 47 56 46 47 62 47 52 52 73 Labor Department:

Unemployment tmst fund 187 205 208 199 179 276 383 375 425 384 340 Other 48 59 65 61 51 69 60 52 77 85 77

Post Office Department 26 247 136 84 67 -15 109 162 87 315 156 State Department 65 40 23 66 37 50 46 17 20 42 12 Transportation Department:

Highway tmst fund 376 360 362 634 432 391 376 273 269. 273 274 Other 127 175 187 156 172 161 163 155 194 167 182

Treasury Department: Interest on the public debt.- 1,487 1,487 1,629 1,663 1,585 1,653 1,671 1,620 1,699 1.656 1.601 1.764 19,304 Interest on refunds, etc 11 12 10 20 9 9 8 8 7 7 9 9 119 Other - 6 3 68 48 -266 87 -114 - 2 3 73 96 82 76 3 87

},060 277 445

179 380

228 92 61

395 106 137 31

456 202

27,320 2,954 4,953

2,196 6,736

2,603 1,136 640

3.555 801

1.510 448

4,376 2,042

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Atomic Energy Commission 205 205 211 218 178 221 183 186 207 216 188 235 2,453 General Services Administration -27 62 36 37 34 43 43 30 35 33 50 82 446 National Aeronautics and Space Administra­

tion 319 337 294 327 267 296 291 299 325 332 285 378 3,749 Veterans' Adininistration:

Compensation, pensions, and benefit pro­grams 476 482 467 489 533 532 531 526 545 656 620 581 6,338

Govemment Ufe insurance fund 9 7 6 8 6 7 7 6 9 7 6 8 84 National service Ufe insurance fund 63 55 51 61 42 58 63 53 70 63 60 67 685 Other 108 123 166 133 128 121 126 133 175 123 127 83 1,546

Other independent offices: CivU Service Conimission 221 ' 211 229 229 218 175 200 230 241 257 285 150 2.647 Export-Import Bank of the United States... 20 69 197 17 87 -166 -64 74 53 31 68 -168 219 Small Business Administration 7 39 3 18 13 17 22 29 26 38 - 1 44 253 Tennessee Valley Authority 6 16 15 28 16 24 10 3 2 17 39 35 211 Other. - 257 139 213 216 146 191 200 58 286 236 172 289 2,403

Undistributed intrabudgetary transactions: Ui Federal eraployer contributions to retire- H

ment funds -208 -187 -182 -174 -160 -170 -214 -209 -209 -185 -278 -266 -2.444 > Interest credited to certain Government 2

accounts -26 -126 -34 -74 -103 -920 - 4 1 -155 - 3 3 -64 -123 -2,238 -3.936 go

O Surplus, or deficit ( - ) -3,153 -2.107 2.790 -6,112 -1.130 1,612 -97 43 -3,429 3,986 -2,459 7,210 -2,846 ^

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Total 15,695

-26

15,695

-126

17,106

-34

17, 616

-74

17,944

-103

15,461

-920

16,089

-41

16.399

-155

14, 886

-33

16, 639

-64

18,057

-123

16,445

-2, 238

16,351

-3. 936

196. 588

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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 hy major functions, fiscal years 1961-70

[In mi lhons of dollars. On basis of 1971 budge t document , released F e b . 2, 197.0]

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Receipts and out lays 1961 1962 1963 1965 1966

87,249 36. 678

33,351 885

3,328

903 1,426

24

39.918

4.637 4,482 2,136 3,967

1970 1

90,412 32.829

38,214 919

3,464

936 1,735

29

45,298

R E C E I P T S

Ind iv idua l income taxes 41,338 45,571 47,588 48.697 48,792 55,446 61,526 68,726 Corporat ion inconie taxes 20.954 20.523 21,579 23,493 25,461 30,073 33,971 28,665

Social insurance taxes and contr ibut ions ( t m s t funds): E m p l o y m e n t taxes and contr ibut ions 12.109 12,271 14,175 16.366 16,723 19,979 27.046 28.409 RaUroad re t i rement 571 564 572 593 636 683 776 814 U n e m p l o y m e n t insurance 2,902 3.337 4,112 4,045 3.819 3,777 3,659 3.346 Cont r ibu t ions for other insurance and re t i rement :

Suppleraentary raedical insurance 647 698 Employees ' r e t i r e r aen t , employee contr ibut ions 844 863 932 993 1.065 1,111 1,201 1,334 Other ret i reraent contr ibut ions 12 12 13 15 16 18 1 9 . 20

T o t a l social insurance taxes and contr ibut ions 16,438 17,046 19,804 22,012 22,258 25,567 33,349 • 34,622

Excise taxes: H i g h w a y t rus t fund 2,798 2,949 3,279 3,519 3,659 3,917 4,441 4.379 Alcohol 3.146 3,268 3.366 3,499 3,689 3,720 3,980 4,189 Tobacco 1,986 2,022 2,075 2,048 2,142 2.066 2.077 2.121 Other 3.931 4,295 4,474 4,664 5,081 3,358 3,221 3,390

T o t a l excise taxes

E s t a t e and gift taxes 1 Custoras d u t i e s . . Miscellaneous receipts .

To ta l budget receipts

O U T L A Y S Nat iona l defense:

D e p a r t r a e n t of De fense -mi l i t a ry 3 43.292 46.916 48.143 49,577 45.973 54.178 67,457 77,373 Military assistance 2 1.351 1.337 1,406 1,209 1,125 1.003 858 654 Atoraic energy 2 2,713 2.806 2.758 2,764 2,625 2,403 2,264 2,466 Defense-related activities 104 92 24 172 136 - 6 2 - 1 7 139

Deduc t ions for oflsetting receipts 3 - 8 0 - 5 3 - 7 4 - 1 3 0 - 2 8 1 - 7 3 8 - 4 8 1 - 1 1 6

T o t a l nat ional defense

5,354 4,466 1,995 3,891

11,860

1,896 982 919

94,389

12, 534

2,016 1,142 843

99,676

13.194

2,167 1,205 1,023

106, 560

13, 731

2,394 1,252 1,084

112, 662

14. 570

2,716 1,442 1,594

116,833

13, 062

3,066 1,767 1,875

130,856

13, 719

2,978 1,901 2,108

149, 552

14,079

3,051 2,038 2,491

453,671

15. 222

3,491 2,319

'•2.908

»• 187. 784

15, 705

3,644 2,430 3,424

193, 743

77,872 789

2,450 260

-138

77,297 1,559 2,456

88 - 1 . 101

47,381 51,097 52.257 53, 591 49, 578 56, 785 70, 081 80, 517 ^81,232 80, 299

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

In te rna t iona l aflairs and finance: Conduc t of foreign aflairs -- 216 Economic and financial assistance 1,877 Foreign inforraation a n d exchange activit ies 158 Food for Peace : . . 1.823

Deduc t ions for oflsetting receipts —716

T o t a l in ternat ional affairs a n d finance.

Space research a n d technology: Manned spacefl ight Space science a n d apphca t ion Space technology Aircraft technology Suppor t ing space activit ies

Deduct ions for oflsetting receipts

T o t a l space research a n d technology

Agricul ture a n d rura l developraent : F a r m incorae stabUization R u r a l housing a n d pub l ic facilities Agricul tural l and a n d water resources Research a n d other agricul tural services

Deduct ions for oflsetting receipts

T o t a l agr icul ture and rura l development

N a t u r a l resources: Water resources and power L a n d m a n a g e m e n t Mineral resources Recreat ional resources Other na tu ra l resources prograras

D e d u c t i o n s for oflsetting receipts

T o t a l na tu ra l resources

Commerce a n d t ranspor ta t ion : Air t ranspor ta t ion Water t ranspor ta t ion Ground t ranspor ta t ion Posta l service A d v a n c e m e n t of busmess Area and regional deve lopment Regula t ion of business

Deduct ions for oflsettmg receipts

T o t a l commerce a n d t ranspor ta t ion

Footnotes a t end of table .

248 2,325

197 1,947 - 2 2 6

346 1.968

201 2,040 - 4 4 1

296 1,756

207 2,049 - 1 9 1

347 2,041

223 1,852 - 1 2 3

315 2,329

227 1,784 - 1 6 5

336 3,057

245 1,452 - 5 4 2

354 3,053

253 1,204 - 2 4 5

371 2,420

237 975

- 2 1 7

398 2,231

235 937

- 2 3 4

3,367

279 249 87 51 79

(**) 744

2,343 335 347 344 -30

3,340

1, 395 428 28 146 71

-501

1, 568

716 569

2.656 914 127 188 67

-189

5,048

4,492

565 420 159 31 82

(**) 1,257

3,143 291 368 363 -42

4,123

1.578 382 30 151 84

-539

1.686

781 654

2,817 797 278 132 72

-123

5,408

4,115

1,516 576 303 36 122

(**) 2,552

4,060 375 324 415 -36

5.139

1,718 422 25 180 94

-934

1,505

808 672

3,057 770 212 242 82

• -99

5,743

4,117

2.768 754 432 40 178 - 1

4,170

4,134 326 325 441 -42

5,185

1.798 459 46 202 104

-637

1,972

835 658

3,686 578 218 538 91

-123

6,482

4.340

3,538 751 484 58 262 - 2

5,091

3,667 354 342 485 -42

4,807

1,867 609 59

215 119

-706

2,063

875 728

4,092 805 365 657 98

-156

7,364

4,490

4,210 778 435 75

435 - 1

6,933

2,636 309 347 531 -44

3,679

2.061 666 62

241 131

-1,016

2,035

879 708

4,043 888 310 315 99

-107

7,135

4.547

3,649 796 440 89 .

452 - 2

5,423

3,167 330 363 570 -44

4,376

2,158 618 73

285 136

-1,412

1,860

945 765

4.093 1,141 289 318 118

-115

7,564

4,619

3,096 700 410 128 390 - 3

4,721

4,542 474 351 618 -42

5,943

2,251 639 85 331 154

-1,758

1,702

961 844

4,367 1,080 395 472 98

-159

8,047

3,785

2,781 669 344 168 390 - 6

4,247

5,000 318 343 645 -85

6,221

2, 256 . 643

71 372 160

-1.373

2,129

1,042 864

4.413 920 99 584 107

-157

7,873

3,568

2.271 612 325 174 373 - 6

3,749

4,587 565 346 730 -41

6,187

2,245 754 94

370 177

-1,109

2,532

1.223 902

4,632 1,610 436 590 120

-152

9,261

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 9.—Budget receipts hy sources and outlays by major functions, fiscal years 1961-70—Continued

[In mffiions of doUars]

Receipts a n d out lays 1962 1963 1964 1965 1966 1967 1968 1969 19701

h4^

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0 UTL AYS—Continued

C o m m u n i t y deve lopment and housing: Concent ra ted c o m m u n i t y development C o m m u n i t y env i ronment 145 227 1 7 3 ' 240 C o m m u n i t y facilities 16 27 36 51 C o m m u n i t y p lanning and adin in is t ra t ion — 79 11 24 29 Low and mode ra t e income housing aids 155 170 198 37 Main tenance of t he housing mortgage m a r k e t —36 ' 169 —1,289 —511

Deduc t ions for oflsetting receipts —9 —16 —22 —31

T o t a l c o m m u m t y development and housing 191 589 -880 —185

E d u c a t i o n and m a n p o w e r : E l e m e n t a r y a n d secondary educat ion 417 429 527 566 H i g h e r educat ion 291 357 419 383 Vocational educat ion 40 40 41 41 Manpower t ra in ing 4 12 64 122 Science educat ion and basic research 143 183 206 310 Other educa t ion aids 76 98 98 110 Other m a n p o w e r aids 530 617 380 501

Deduc t ions for oflsetting receipts —4 —4 —5 —5

T o t a l educat ion and m a n p o w e r 1,499 1,732 1,732 2,028

H e a l t h : Deve lopraen t of hea l th resources 642 786 949 1,170 P rov id ing or financirig medical services 157 264 318 386 P reven t ion and control of hea l th problems 77 91 128 182

Deduc t ions for offsetting receipts —2 —3 —3 —1

T o t a l heal th 873 1,139 1,393 1,737

Income secur i ty : R e t i r e m e n t and social i n s m a n c e . 18,467 19,474 21,249 21,958 Pub l i c assistance 2,385 2,604 2,909 3,085 Social and ind iv idua l services 104 133 176 199

Deduc t ions for offsetting receipts

To ta l income secur i ty .

51 331 46 32 81

- 2 3 7 - 1 6

302 365 38 16

391 1,545

- 1 3

452 465

74 33

478 1,133

- 1 9

648 486 106 37

948 1,863

- 1 2

2,644 2,616 4,076

645 414 132 342 309 158 541 - 9

1,804 705 136 731 368 155 634 - 1 1

2,439 1,159

250 940 415 264 678 - 1 1

2,695 1,393

265 1,263 449 334 729 - 1 6

2, 533 4,523 6,135 7,012

1,039 476 215

1,212 1,094

238 - 1

1,556 4,866

301 - 2

1,826 7,455

394 - 3

. 1, 730 2,543 6,721 9,672

22, 282 3,119

249

25, 298 3,161

410

27,068 3,180

692

29, 293 3,726 831

684 632 146 47 871

-406 -13

1,961

2,480 1,230 262

1,193 490 373 810 -13

6.825

1,918 9,315 465 -2

11, 696

32.240 4,272

969 1,086 181 67

1,308 -491

(**) 3,111

2,594 1,369

289 1,425 464 436 870 - 1 3

7,434

2,366 11.900

-1,662

12,996

38,060 5.748

778 -2

20,956

-7

22, 205

-479

23,854

-409

24,833

-196

25,453

-109

28, 751

-69

30,881

-16

33,835

-1

37,399

-1,076

43,499

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Veterans benefits a n d services: I ncome secur i ty 4,439 Educa t i on , t ra in ing, a n d rehabffitation 416 Hous ing 152 Hosp i t a l and medical care . 1.032 O ther veterans benefits and services 187

Deduc t ions for offsetting receipts —537

T o t a l ve terans benefits and services 5,688

In te res t : In te res t on t h e p u b h c deb t 8,967 In te res t on refunds of receipts 83 In te res t on un inves ted funds 10

Deduc t ions for oflsetting rece ip t s . . —942

T o t a l mteres t 8,108

Genera l g o v e m m e n t : Legislative functions 118 Judic ia l functions 62 Execu t ive dhec t ion a n d m a n a g e m e n t 22 Cent ra l fiscal opera t ions . . 622 General p roper ty a n d records m a n a g e m e n t 356 Cen t ra l personnel m a n a g e m e n t 92 L a w enforcement a n d jus t ice 289 N a t i o n a l Cap i t a l region 60 O t h e r general g o v e r n m e n t 109

Deduc t ions for oflsetting receipts —220

T o t a l general gove rnmen t

U n d i s t r i b u t e d in t ragovernmenta l t ransac t ions : E m p l o y e r share, employee r e t i r e m e n t In t e r e s t received b y t m s t funds

T o t a l o u t l a y s . 97,796

4,476 159 236

1,085 180

- 5 1 1

4,706 101

- 1 0 9 1,147

176 - 5 0 1

4,646 77 44

1,231 185

-602

4.710 58

(*) 1,271 179

- 4 9 7

4,700 64

169 1,320

196 - 5 1 8

5,209 305 304

1,393 195

- 5 0 9

4,997 478 210

1,472 218

- 4 9 2

6,625 6,520 5,681 6,722 5,920 6,897

9,120 68 10

- 8 7 7

74 11

-765

10, 666

11 - 9 6 6

11,346 77 12

- 1 , 0 7 8

12,014 104

14

13,391 120

13 - 9 3 6

14,573 120

10 - 9 5 9

8,321 9,216 9,810 10,357 12,588 13,744

136 67 22

668 355 106 300

73 136

-204

131 63 21

733 416 110 323

70 139

- 1 9 6

126 66 22

808 653 110 335

58 189

- 2 2 6

142 76 23

844 665 107 366

61 190

-165

169 79 24

. 886 550 107 385

73 192

- 1 6 2

167 87 25

968 617 116 426

84 218

- 1 9 9

180 94 27

1,024 569 140 452 104 243

- 2 7 2

5,528 701 102

1,666 237

- 4 9 3

7,640

16,688 120

7 - 9 2 5

15, 791

192 110 31

1,094 567 1^6 534 162 268

- 2 3 8

6,049 988

62 1,802

261 - 4 7 7

8,686

19,304 113

6 - 1 , 1 1 3

18,310

229 133 37

1,271 686 397 667 226 272

- 4 8 1

1,491

-1,036 -1,413

1,650

-1,069 -1,444

1,810

-1,169 -1,486

2,040

-1,256 -1,621

2,210

-1,329 -1,780

2,292

-1,447 -1,917

2,610

-1,661 -2,275

2,561

-1,825 -2,674

2,866

-2,018 -3,099

3,337

-2,444 -3,936

Ui

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106,813 111,311 118,584 118,430 134,652 158,254 178,833 '•184,648 196,588

••Revised. » Based on Month ly S t a t e m e n t of Rece ip ts a n d Expend i tu re s of t he U . S . G o v e r n m e n t . 2 En t r i e s n e t of oflsetting receipts . 3 Excludes oflsetting receipts wh ich h a v e been d i s t r ibu ted b y function above . *Less t h a n $500,000. **Minus less t h a n $500,000.

O l

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 10.—Internal revenue collections hy tax sources, fiscal years 1936-70 ^ [In thousands of doUars. As reported by Internal Revenue Service, see "Bases of Tables" and Note]

Fiscal year

1936 1937 1938 1939..-. 1940 1941 1942.: 1943 . . 1944 1945. . . -1946 1947 1948 1949 1950 1951 1952 1953 1954 . . 1956 1956 1957 1958 1959 1960 „ 1961 1962 1963 1964 1965 - . 1966 1967 1968 . -1969 1970.

Income and profits taxes

Ind iv idua l income taxes 2

Wi thhe ld by

employers

686,015 7,823,435

10, 264, 219 9,857. 589 9,842, 282

11,533,577 10,055, 502 9, 888.976

13,089, 770 17, 929,047 21.132, 275 22,077,113 21. 253,625 24,015. 676 26. 727. 643 27.040.911 29.001.375 31.674, 588 32.977,654 36.246.109 38, 718, 702 39,258.881 36.840.394 42.811.381 50.620,874 67,300,546

^70,182,175 77,416, 070

Other

674.416 1,091.741 1.286.312 1.028,834

982,017 1.417,655 3,262,800 6,943,917

10,437, 570 8, 770,094 8,846,947 9, 601,015 9, 464, 204 7,996,320 7, 264,332 9,907, 639

11,345,060 11,403,942 10. 736, 678 10,396,480 11,321,966 12,302, 229 11, 627, 648 11. 733.369 13. 271.124 13,175, 346 14. 403,485 14, 268, 878 15,331.473 16.820.288 18.486,170 18.849,721 20.951,499 27,258.231 26, 235.615

To ta l indi­v idual in­

come taxes

674.416 1.091, 741 1. 286,312 1.028,834

982,017 1,417, 655 3.262,800 6, 629, 932

18. 261,005 19,034,313 18.704, 536 19,343, 297 20,997, 781 18.051,822 17,153,308 22,997,308 29. 274,107 32.536, 217 32,813,691 31, 650,106 35,337,642 39, 029, 772 38, 568, 559 40, 734, 744 44,945,711 46.153.001 60,649.694 52, 987, 581 64,590,354 63.660,683 61, 297.552 69.370,595 78,252.045

' 97, 440, 406 103, 651,685

Corpora­t ion income and profits

taxes 3

753,032 1.088.101 1,342,718 1,156, 281 1.147,592 2,053.469 4.744,083 9. 668,956

14, 766, 796 16,027, 213 12, 553, 602 9.676,459

10.174, 410 11. 553,669 10, 854, 351 14,387, 569 21. 466. 910 21. 694.515 21, 646,322 18,264, 720 21. 298, 522 21. 530, 653 20,533,316 18,091, 509 22,179, 414 21, 764,940 21,295,711 22,336,134 24,300.863 26.131,334 30,834.243 34,917,825 29.896. 520 38.337,646 35, 036, 983

To ta l income

and profits taxes 2

1,427,448 2.179.842 2. 629.030 2.186,114 2,129, 609 3.471,124 8,006,884

16,298,888 33, 027, 802 35,061, 626 31, 258,138 29,019, 756 31,172,191 29, 605,491 28,007, 659 37,384,878-50, 741, 017 54.130, 732 54,360, 014 49,914,826 66,636,164 60, 660, 425 59,101, 874 58,826, 254 67,125,126 67, 917, 941 71.945.305 75,323, 714 78,891,218 79,792.016 92.131, 795

104,288,420 108.148, 565

'135,778,052 138, 688, 568

E m p l o y m e n t taxes

Old-age and disabi l i ty insurance

taxes 3

207,339 602,918 529,836 605,350 687,328 895,336

1,131, 546 1, 290,025 1,307,931 1, 237,825 1, 458, 934 1, 612,721 1,687,151 1,873, 401 2,810, 749 3,584.025 3,816, 252 4, 218, 520 5, 339, 673 6,336,805 6, 634, 467 7, 733, 223 8,004. 356

10, 210, 550 11, 586, 283 11,686,231 13, 484, 379 15,667, 783 15.846, 073 19, 005,488 25,562,638 26,620,648 31,489,943 35,692,198

Unemploy­m e n t

insurance taxes

68,119 90,267

101,167 106,123 100, 658 119, 617 156,008 183,337 186,489 178, 745 185,876 208, 508 226, 228 223,135 236, 952 259,616 273,182 283,882 279, 986 324, 656 330,034 335,880 324,020 341.108 345, 356 457, 629 948, 464 860,858 622.499 567.014 602,745 606,802 640,030 776,139

RaUroad retire­men t

tax

48 287

149.476 109, 427 122.048 137.871 170,409 211,151 265, Oil 284, 758 284. 258 379, 655 560.113 562,734 548,038 679, 778 620, 622 628, 969 605, 221 600,106 634,323 616,020 575, 282 525,369 606, 931 570, 812 564,311 571, 644 693,864 635,734 683,631 792.858 858,448 938,684 980, 851

Tota l employ­

m e n t taxes 2

48 266,745 742,660 740,429 833, 521 925,856

1,185,362 1.498, 705 1, 738,372 1, 779.177 1, 700,828 2,024,365 2,381, 342 2,476.113 2, 644, 575 3, 627, 480 4,464,264 4, 718,403 5,107,623 6, 219, 665 7, 295, 784 7, 580,522 8, 644,386 8,853, 744

11,158, 589 12, 502,451 12, 708.171 15, 004, 486 17.002, 604 17,104,306 20, 256.133 26,958,241 28,085,898 33,068,657 37,449,188

Capi ta l stock t a x *

94.943 137.499 139.349 127. 203 132. 739 166,653 281.900 328, 795 380, 702 371.999 352,121

1.597 1,723 6,138

266 (•)

(*) (*) (*) (*) (*) (S) (*)

[? (*) (*) (4) (<) (*) (^)

E s t a t e tax

218,781 281.636 382,175 332. 280 330,886 355.194 340,323 414,531 473.466 596,137 629. 601 708, 794 822, 380 735, 781 657, 441 638, 523 750, 591 784, 590 863,344 848,492

1,053,867 1, 253,071 1, 277,052 1, 235, 823 1, 439, 259 1, 745,480 1, 796.227 1, 971, 614 2.110,992 2,464.332 2.646.968 2,728,580 2, 710,254 3,136,691 3, 241, 321

Gift tax

160,059 23,912 34.699 28.436 29.185 51,864 92, 217 32,965 37. 745 46, 918 47, 232 70, 497 76, 966 60, 757 48. 785 91, 207 82, 556

106, 694 71, 778 87. 775

117.370 124.928 133,873 117.160 187. 089 170,912 238.960 215. 843 305.312 291,201 446,964 285,826 371, 725 393,373 438,755

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Fiscal year

1936 -1937 1938 1939 ._ . . -1940 -1941 1942 . . 1943 1944 1945. 1946 -1947 1948 . -1949 1950 1951 1952 1953 '... 1964 1955 1956 1957 1958 1959 I960 1961 -1962 1963 1964 . 1965 1966 1967 1968 1969 1970

Excise taxes

Alcohol taxes»

DistiUed spir i ts«

222,431 274,049 260,066 283, 675 317,732 428, 642 674, 598 781,873 899, 437

1,484,306 1, 746, 580 1,686.369 1,436. 233 1,397.964 1,421.900 1, 746.834 1. 589, 730 1.846. 727 1,873, 630 1.870, 599 2,023,334 2,080.104 2,064,184 2,098,496 2,256. 761 2,276, 643 2,386.487 2, 467, 621 2.535,696 2,710,603 2,767,400 2,966,967 3,085,313

' 3,345, 601 3,446, 001

Beero

244,681 277.465 269.348 259. 704 264, 579 316, 741 366,161 456, 634 659,152 638,682 660, 824 661, 418 697, 097 686,368 667, 411 665,009 727. 604 762.983 769, 774 737, 233 765, 441 760, 620 757. 597 767.205 796, 233 795,427 813,482 825,412 887,560 905,730 887,319 940,622 969.670

' 1,003,354 1,076,148

Wines

8,968 6.991 5.892 6,395 8,060

11, 423 23,986 33,663 34,095 47.391 60.844 67,196 60,962 65, 782 72,601 67, 254 72,374 80. 536 78, 678 81.824 86, 680 87.428 90,303 90,918 98,850 96, 073 98,033

101.871 107, 779 110,163 110.284 121,489 125.340

'164.766 180.353

Other , in­cluding occu­pat ional taxes

29,484 36. 760 32.673 38,126 33,882 63.250 83. 772

152.476 126,091 139, 487 67. 917 70. 779 61,035 60. 504 57, 291 67, 711

159,412 90,681 60, 928 53.183 46, 219 45,143 44,377 45, 477 42, 870 44,757 43.281 46,853 46, 564 46,147 49.376 46, 646

117.014 ' 51.849

44,879

To ta l alcohol

taxes

505,464 594, 245 567, 979 587,800 624. 253 820.056

1,048, 517 1.423,646 1,618, 775 2,309. 866 2. 526.165 2,474, 762 2, 255,327 2, 210, 607 2, 219, 202 2, 546, 808 2, 649.120 2, 780, 925 2, 783,012 2, 742, 840 2, 920, 574 2,973,195 2,946, 461 3.002.096 3,193, 714 3,212,801 3,341,282 3,441, 656 3,677,499 3,772,634 3.814,378 4,075, 723 4.287,237

' 4.655.560 4,746, 382

Tobacco taxes«

Cigaret tes

425, 505 476,046 493.464 504.056 533,059 616. 757 704. 949 835.260 904,046 836, 753

1,072.971 1.145, 268 1. 208, 204 1, 232.736 1, 242,851 1. 293.973 1.474,072 1. 586, 782 1, 513, 740 1,504,197 1, 549,045 1.610.908 1,668, 208 1, 738,050 1,863. 562 1,923, 540 1,966.627 2, 010, 624 1,976.676 2,069,695 2,006,499 2, 023. 090 2,066,169 2,082.106 2.036.101

Cigars

12,361 13,392 12,882 12,913 12,995 13, 514 14, 482 23,172 30, 259 36,678 41, 454 48,354 46. 762 46.590 42.170 44,275 44,810 46,326 46, 618 46. 246 45,040 44,858 47,247 51,101 60,117 49,604 49,726 50,232 66.309 60.923 57.662 55, 736 64.937

r54,220 66,834

Other

63,299 62,816 61, 846 63,190 62,464 67. 805 61, 551 65, 425 54.178 58,714 51,094 44.146 45,325 43.650 43.443 42.148 46,281 21,803 20, 871 20,770 19, 412 18, 283 18,566 17, 666 17, 826 17,974 19.483 18,481 19,561 17,976 9.796 1,043 1.181

f 1,259 1,277

To ta l tobacco

taxes, etc.

501,166 562, 254 668,182 580,159 608, 518 698,077 780,982 923,857 988,483 932,145

1,165, 619 1, 237, 768 1, 300, 280 1,321, 875 1, 328,464 1,380,396 1, 565,162 1, 654,911 1, 580, 229 1. 671, 213 1, 613,497 1,674,050 1, 734,021 1, 806,816 1, 931, 504 1,991,117 2,026,736 2, 079,237 2, 052, 546 2,148,694 2, 073,956 2,079,869 2,122,277

' 2,137,585 2, 094, 212

Documen t s , other ins t ru­m e n t s , and

playing cards^

68,990 69,919 46,233 41,083 38,681 39, 057 41 702 45.156 50 800 65,528 87,676 79,978 79, 466 72,828 84, 648 93,107 84, 995 90 319 90, 000

112 049 114,927 107, 546 109 452 133.817 139 231 149, 350 169.319 149,069 171,614 186.289 146.457

68,260 48,721

1.455 220

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TABLE 10.—Internal revenue collections hy tax sources, fiscal years 1936-70 '—Continued [In thousands of dollars]

Fiscal year

1936 1937 1938. .— J939 1940 1941 1942 _ 1943 1944 1946 *.. 1946 1947 1948 1949 1950 1951 1952 1953 1954 1965 1966 1957 _ 1958 1959 1960 1981 1962 1963.. 1964 1965 1966 1967- . . 1968 1969 1970

Excise taxes—Cont inued

Manufac tu re r s excise taxes

Gasolhie

177,340 196,633 203,648 207,019 226,187 343,021 369,587 288,786 271,217 405,563 405,695 433,676 478.638 603,647 634,270 588,647 734,715 890,679 836,893 954, 678

1,030,397 1,458, 217 1,636,629 1,700,253 2,015.863 2,370, 303 2,412,714 2,497,316 2,618,370 2,687,135 2,824,189 2,932,894 3.030,792 3,186.239 3.430, 076

Lubr ica t ­ing oUs.

27,103 31,463 31,666 30,497 31,233 38,221 46,432 43,318 52,473 92,865 74,602 82,015 80,887 81,760 70,072 77,639 73,746 73,321 68,029 69,818 74,584 73,601 69,996 73,685 81,679 74,296 73,012 74,410 76,316 76,095 90.776 92, 573 92.311 97.476 87,510

Passenger au tomo­biles a n d

motor­cycles '

48,201 66,265 43,365 42,723 59,351 81,403 77,172

1,424 1,222 2,558

25,893 204,680 270,958 332,812 452,066 653,363 678,149 785,716 867,482

1,047,813 1,376,372 1,144,233 1,170,003 1,039,272 1,331.292 1. 228,629 1,300,440 1, 659, 510 1,745,969 1, 887,691 1,492,225 1,413,833 1,530,777 1,863.966 1,753,327

Au tomo­bUe

t m c k s a n d

busses

7,000 9,031 6,697 6,008 7,866

10,747 18,361 4,230 3,247

20,847 37,144 62,099 91,963

136,797 123,630 121, 285 147,446 210,032 149,914 134,805 189, 434 199,298 206,104 215, 279 271,938 236,659 257, 200 303,144 350,946 426,361 460,069 468,910 447,743 589,304 669,986

P a r t s a n d acces­

sories for au to ­

mobUes*

7,110 10,086 7,989 7,935

10,630 13,084 28,088 20,478 31,551 49,440 68,871 99,932

122,951 120,138 88,733

119,475 164,136 177,924 134,769 136,709 145,797 157,291 166,720 166,234 189,476 188,819 198.077 224, 507 228,762 262,874 196,546

34, 640 76.226 81,387 84,069

T h e s , t ubes ,

a n d t read m b b e r

32,208 40,819 31,567 34,819 41,556 51,054 64,811 18,345 40,334 75,257

118,092 174,927 159,284 160,899 151,795 198,383 161,328 180,047 152. 567 164,316 177,872 261, 454 259,820 278,911 304,466 279,572 361, 562 398,860. 411,483 440,467 481,803 503, 753 489,139 631,627 614,795

Bushiess a n d store

ma­chines "

6,972 6,461 3,760

10,120 15,792 25,183 32,707 33,344 30,012 44,491 48,515 50,259 48,992 57,281 70,146 83,175 90,658 93,894 99,370 98,305 81,719 74,845 71,867 74,426 6,745 - 4 6 1

10 - 2 5

- 1

Refriger­ators ,

freezers, air-con­

dit ioners, etc . 11

7,939 9,913 8,829 6,958 9,954

13,279 • 16,246

5,966 2.406 1.637 9,229

37, 352 58,473 77,833 64,316 96, 319 67,970 87,424 75,059 38,004 49,078 46,894 39,379 40,593 60,034 55,920 64,638 61, 498 62,799 75,987

137 - 2 , 650

436 31

- 3 0

Rad io a n d tele­vision re-celvhig sets a n d phono­graphs , pa r t s 10

6,075 6,754 5.849 4,834 6,080 6,935

19,144 6,661 3,402 4,753

13,386 63,866 67,267 49,160 42,086

128,187 118, 244 159, 383 135, 535 136,849 161,098 149,192 146,422 152,566 169,461 148.989 173,024 184, 220 197,695 221,769

I* - 3 , 7 6 1 1* - 1 , 3 2 9

697 - 1 2 9

- 5

Electr ic , gas, a n d

oU ap­pliances i "

17,702 6,913 6,027

12,060 25,492 65,608 87,858 80,935 80,406

121,996 89,544

113,390 97,415 50,859 71,064 75,196 61,400 62,373 69,276 64,483 66.436 68,171 77,576 80,983 6,367 - 7 5 8

236 12

- 9 4

Elec t r ica l energy

33,576 35,975 38,455 39,859 42,339 47,021 49,978 48,705 61,239 67,004 69,112 63,014 69,701 79,347 86,704 93,184 53.094 (13) (13) (13) (13) (13) (13) (13) (13) (13) (18) (13) (13) (13) (13) (13)

l (13)

All o ther 12

37,165 44,744 39,188 16,323 11,957 12,609 57,406 54,659 37,584 50,406 69,365

113,062 128, 648 124,860 112,966 140, 706 122,069 134,613 122,488 93,883

110,171 123,374 127,004 135,728 152, 285 160.828 154,129 163,827 178.861 195,358 69,773 36,941 45,706

'51 ,367 53.427

T o t a l man­ufacturers

excise taxes

382,716 450,581 417,152 396,975 447,162 617,373 771,898 604,746 503,462 782,611 922,671

1,425,395 1,649,234 1.771, 533 1,836,053 2,383, 677 2,348,943 2,862,788 2,689.133 2,886,016 3,456,013 3,761,925 3,974,135 3.958, 789 4,736,129 4.896,802 6,132,949 6, 610,309 6,020,643 6,418,145 6,613,869 6,478,347 5,713.973

' 6,601,146 6,683.061

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Fiscal year

1936 1937 1938 1939 1940 1941 1942 1943 1944 1945. . . -1946 1947 1948 1949 . . 1960 1951 1952 1963 1954 1955 1966 1957 1958 1959 1960 1961 1962 . -1963 1964 1965 1966 1967 1968 1969 1970

Footnotes a t end of table .

Excise taxes—Cont inued

RetaUers excise taxes i°

J e w e k y

41,501 88,366

113,373 184,220 223,342 236,615 217,899 210,688 190,820 210,239 220.339 234,659 209,256 142,366 152.340 156,604 156,134 156,382 165,699 168,498 176,023 181, 902 189,437 204,572

43,264 1,643

442 34 26

F u r s

19,744 44, 223 58,726 79,418 91,706 97,481 79, 539 61,946 45,781 57,604 51,436 49,923 39,036 27,053 28, 261 29,494 28,544 29,909 30,207 29,226 31,163 29,287 30,016 31,390

3,179 204 287

10 1

ToUet prepara­

t ions

18,922 32,677 44,790 86,616 95,574 96,542 91,862 93,969 94,995

106,339 112,892 115,676 110,149 71,829 83,776 92,868 98,168

107,968 120,211 131,743 144. 594 158,361 176,857 196.833 40.898

1,218 131 - 9 - 1

Luggage, handbags ,

wallets

8,343 73,851 81,423 84,588 80,632 82,607 77,632 82,831 90,799 95,750 79,891 50,896 57,619 67,116 58,785 61,468 62, 573 68,182 69,384 74,019 78,704 81,386 20,814

555 5

(*) 82

To ta l re­taUers ex­cise taxes

80,167 165,266 225.232 424.105 492,046 614,227 469.923 449, 211 409,128 457,013 475,466 496,009 438,332 292,145 321.896 336,081 341,621 366,728 378,690 397,649 421,163 443, 558 476,013 513,181 108.155

3,619 866

36 108

Toll te lephone, te legraph, radio , and

cable services "

21,098 24, 570 23,977 24,094 26,368 27,331 48, 231 91,174

141,276 208,018 234,393 252, 746 275,265 311,380 312,339 364,660 395,434 417,940 412,508 230,251 241, 543 266.186 279,375 292,412 312.056 343,894 350, 666 364. 618 379,608 458.057 907.917

1,101,853 1,106.478 1.316,378 1.469,562

Miscel laneous excise taxes

General te lephone

service

26,791 66,987 90,199

133,669 145, 689 164,944 193, 521 224, 531 247, 281 290,320 310,337 357,933 359,473 290,198 316,690 347,024 370,810 398,023 426,242 483, 408 492, 912 616, 987 630,688 620,880

(19) (19) (19) (19) (19)

Transpor ­ta t ion of p e r s o n s "

21,379 87,132

153,683 234,182 226,750 244,003 246,323 251,389 228,738 237, 617 276,174 287,408 247,416 200,465 214,903 222,158 225,809 227,044 255, 469 264, 262 262, 760 233, 928 106,062 125,890 139,624 170,323 199,274 223,687 250, 802

Transpor ­ta t ion of p rope r ty

( inc ludmg • coal)

82,556 215,488 221,088 220,121 275,701 317,203 337,030 321,193 381,342 388,589 419,604 395, 554 398,039 450,679 467, 978 462,989

" 143,250 " 3 , 1 4 0

1,306 668 451 277 216 115 61 30

Admissions "

General ad­missions

16,773 18,185 19,284 18,029 20,266 68,620

107,633 138,054 178,563 300,689 343,191 392,873 386,101 386,844 371,244 346,492 330,816 312,831 271, 952 106,086 104,018 75,847 64,683 49,977 34, 494 36,679 39,169 42, 789 47,063 51,968 45,668

358 76

- 2 2 - 3 6

Cabare t s

1,339 1,556 1,617 1,442 1,623 2,343 7,400 .

16,397 26,726 66,877 72,077 63,350 53,527 48,857 41,453 42,646 46,489 46,691 38,312 39,271 42,256 43,241 42,919 45,117 49,606 33.603 36,606 39, 794 41,026 43,623 36.736 3.041 1,074

33 - 3 6

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TABLE 10.—Internal revenue collections hy tax sources, fiscal years 1936-70 ^—Continued [IQ thousands of dollars]

Fiscal year

1936 1937 1938. - -1939 1940 1941 . . 1942 1943 . - -1944 1945- - . 1946 1947 . . -1948 1949 1950- . . 1951 . 1 9 5 2 . . . 1953 1 9 5 4 . . . 1955 1 9 5 6 . . . 1957 1958 1959 1960 1 9 6 1 . . . 1962—-1963 . . . 1964 1965 1966.— 1967 1968 1969 . . . . . 1970. . .

Excise taxes—Cont inued

MisceUaneous excise taxes—Continued

C l u b dues a n d initia­

t ion fees

6,091 6,288 6,551 6,217 6,335 6,583 6,792 6,520 9,182

14,160 18,899 23.299 25,499 27.790 28,740 30,120 33,692 36,829 31,978 41,963 47,171 64,236 60,338 64,813 67,187 64,357 69, 452 71, 097 75,120 79,671 52. 571

1,825 1,536 1,040

206

Sugar

30,569 65,414 68,145 74,835 68,230 53,552 68,789 73, 294 66,732 59,152 71, 247 76,174 71,188 80,192 78,473 78,130 74,477 78,512 82.894 86,091 85,911 86,378 89,856 91, 818 96,636 99,903 95,411 97,109

102,932 104,203 102,270 108,191 113, 309

Diesel and special motor fuels 20

7.138 16,091 17,969 22,692 24,464 39,454 46,061 62,528 71.869 88,856

105,178 113.012 128,079 152,188 159,326 182,147 201,918 224,657 257,712

Use tax on h ighway motor ve­

hicles weighing

over 26,000 lbs . 20

27,163 33,117 32,532 38,333 45,675 79, 761 99, 481

100,199 102,038 104,240 108,178 108,918 124,273 136,086

AU other 21

44,656 46,964 49,410 46,900 43,171 45,143

131,461 192,460 193,017 188,700 172,249 75,176 88,035 89,799 98,732 79,210 82,430 88.708 86,889 85.156 84,981 89,132 79,316 43,879 38,588 43,767 37,651 38, 596 43.206 54,447 55. 236 60.083

138.269 149, 309 115,615

Total mis­ceUaneous

excise taxes

88,957 97.561

131,307 162,096 166,907 224.855 417,916 734,831

1.076,921 1,430.476 1.490.101 1,561. 245 1.655.711 1,752,792 1.720.908 1.842.598 1,947.472 2,061,164 1,936,527 1,492,633 1, 608,497 1,718,509 1,741,327 1,435,953 1,386,829 1,497,526 1, 670,258 1, 619, 656 1,646,631 1,786, 056 1,603,364 1,732.062 1,858,843 2,147,547 2, 342, 222

Unclassified excise taxes 22

114,687 -31 ,209

66,237 -32 ,749

66,351 99,644

- 8 0 , 9 4 3 101, 468 66,251

106,387 - 3 2 , 1 1 9

37.933 675,867 288,480

'199,458 38,059

Total excise taxes

1,547.293 1,764,661 1,730,853 1,768,113 1,884,512 2,399,417 3,141,183 3,797,503 4,463,674 5,944,630 6,684,178 7,283.376 7,409,941 7,578,846 7,598,405 8,703,599 8,971,158 9,946,116 9, 517, 233 9, 210,582

10,004,195 10,637,544 10,814,268 10,759,549 11,864,741 12,064,302 12,762,176 13, 409, 737 13,950, 232 14,792,779 13,398,112 14.113, 748 14.320,396 15, 542,787 15,904, 264

Taxes not otherwise classified

23 71,637

2*7,362 2* 5,269

2* 15,482 2*7,024 2* 5,444

Grand total

3.520.208 4,653,195 6,658,765 6,181,574 6,340,452 7,370,108

13,047,869 22,371,386 40,121,760 43,800,388 40,672,097 39,108,386 41,864,542 40,463,125 38,957,132 50,445, 686 65,009,688 69,688,536 69.919,991 68,288,692 75.112,649 80.171,971 79,978,476 79,797,973 91,774,803 94,401,086 99, 440, 839

106, 925,396 112.260,257 114.434,634 128,879,961 148,374,816 153.636,838 187, 919,560 195, 722,096

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*Less than $500. ' Revised 1 For figures for 1863-1915, see 1929 annual report, p. 419: for 1916-28, see 1947 annua

report, p. 310; and for 1929-35, see 1963 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. disabiUty insurance taxes, and since June 1965, hospital insurance taxes have been deposited in the same way. For the same periods, 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. 201(a) of the Social Security Act, as amended (42 U.S.C. 401(a)). "Individual incorae 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 untU repealed, eflective with taxable years ending after June 30, 1952.

* Repealed for years ending after June 30, 1945. 6 Beginning with 1954, includes taxes coUected in Puerto Rico upon products of

Puerto Rican manufacture coming into the United States. Tobacco taxes "other" repealed eflective Jan. 1,1966 (Public Law 89-44).

6 Through 1956, "DistUled spirits" included amounts collected by Customs on imports of both distiUed 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 untU repealed eflective June 22, 1965 (Public Law 89-44) and taxes on silver bullion sales or transfers until repealed eflective 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 eflective Jan. 1,1968 (Public Law 89-44).

8 Passenger automobiles, rate 10 percent through May 14, 1965; 7 percent for May 16, 1965-Dec. 31, 1965; 6 percent Jan. 1, 196fr-Mar. 15, 1966 (Public Law 89-44). Under the Tax Adjustment Act of 1966, rate restored to 7 percent eflective Mar. 16,1966 (Public Law 89-368). The rate was scheduled to drop to 2 percent on Apr. 1, 1968, but was continued at 7 percent to Apr. 30, 1968, by Joint Resolution (Public Law 90-285). Under the Revenue and Expenditure Control Act of June 28, 1968 (Public Law 90-364) the rate was restored, retroactively, to 7 percent. Motorcycles, repealed eflective Sept. 1, 1955 (Public Law 379).

• Parts and accessories for automobUes (except truck parts), repealed eflective Jan. 1, 1966 (Public Law 89-44).

10 Repealed, eflective June 22,1965 (Public Law 89-44). 11 Air conditioners, repealed, eflective May 15,1965; refrigerators and freezers, repealed

eflective June 22,1965 (Public Law 80-44). 12 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 eflective Oct. 1, 1941); beginning 1942 includes manufacturers excise taxes on phonograph records, musical instruments, and luggage, repealed effective June 22,1966 (Public Law 80-44). The tax on phonograph records through 1941 was included in "Radio and television receiving sets and phonograph parts." See also footnote 21.

13 Repealed by Revenue Act of 1951. Collections for the years subsequent to 1952 are Included under "MisceUaneous excise taxes, AU other."

1* Negative figure stems primarUy from fioor stock credits taken on certain taxes re­pealed by the Excise Tax Reduction Act of 1965.

13 General and toU 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 Law 89-44). For general and toU telephone service and for teletypewriter exchange service, the rate of tax on amounts paid on bills first rendered on or after Apr. 1,1968, for services rendered after Jan. 31,1966, is increased from 3 percent to 10 percent ofthe amount paid (Public Law 89-368). For general and toU telephone service and for teletypewriter exchange service, the rate of tax was scheduled to be reduced from 10 percent to 1 percent on amounts paid on biUs first rendered on or after 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.

19 Rate of 10 percent repealed effective Nov. 16, 1962, except on air transportation which was reduced to 5 percent.

17 Repealed eflective noon Dec. 31, 1965. 18 Repealed effective Aug. 1, 1958 (26 U.S.C. 4292 note). 19 After fiscal 1965, included in "Toll telephone, telegraph, radio, and cable services." 20 Beginning with fiscal 1957, collections are applied in accordance with provisions

of the Highway Revenue Act of 1956, as amended (23 U.S.C. 120 note). 21 Includes certain delinquent taxes collected under repealed laws and various other

taxes not shown separately. 22 Includes undistributed depositary receipts and unapplied collections of excise

taxes. 23 Consists of agricultural adjustment taxes. 2* Beginnhig with 1955, includes unidentified and excess collections, and profits from

sale of acquhed property. UntU 1955, such amounts were included in "MisceUaneous excise taxes, AU 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 reports. Through 1954, the payments were included in Internal Revenue Service collection reports after the returns to which they applied had been received in internal revenue offices. Beginnhig 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 raUroad 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 >vhich 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 inonth 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' liabilities;

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52 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 1.1.—Internal revenue collections and refunds hy States, fiscal year 1970 [In thousands of dollars]

Individual Corpora-States, etc. income and tion

employment income taxes taxes

Excise taxes

Estate and gift

taxes Total

collections Refunds of taxes

Alabama Alaska.. Arizona.. Arkansas. CaUfornia ^.. Colorado C onnecticut. Delaware ' . . Florida.. . Georgia • Hawaii . . . Idaho ^. -Illinois -. Indiana _ . Iowa... Kansas . . Kentucky . . . Louisiana . '... Maine Maryland i . . Massachusetts Michigan Minnesota . . : Mississippi...!... Missouri Montana. Nebraska Nevada New Hampshire... New Jersey New Mexico : . New York North CaroUna North Dakota Ohio Oklahoma. Oregon Pennsylvania Rhode Island South Carolina South Dakota. . . Tennessee Texas U t a h . . . . Vermont Virgi nia. Washington West Virginia Wisconsin : Wyoming. International 2 Undistributed:

Federal tax deposits 3. Transferred to Govern­

ment of Guara.. . Withheld taxes of Federal

employees * Gasoline, lubricating oil,

and excess FICA credits ^

Unclassified.. • Clearing account for

Excise taxes—aviation fuel and oil—Air Force..

1,140,268 159,224 761,698 538,216

14,472,687 2,052, 891 2,670, 910

690.287 3,333,447 2,209,175

493.050 390, 262

10, 542. 928 3.601,856 1,283, 605 1,033,348 1,121,108 1,354,113

394,679 4,260,196 4.201,680 7,874.816 2,657, 691

516,058 3, 796,971

241,632 880.410 348,798 376,814

6,101,640 356,818

21,852,937 2,197,959

210,089 8,526,716 1,160,634 1,164,207 8, 991, 408

688,837 867, 070 208,609

1,585,723 6,096, 961

414,802 187,279

1,970,809 2,132,046

562,008 2,531,437

128, 590 695,759

-362,975

-11.140 .

16,965 .

174,958 14,651

100.134 89,888

2,441,238 205.215

. 600,288 522, 557 598,448 529,263 84, 519 59, Oil

2,957,159 630.780 264,438 174,037 315,212 246, 273 72,268 489.561 963,256

2, 906.496 712.009 90.670 876,748 35,297 153,167 58,532 55,281

1,473.501 32,651

8, 917,633 717,840 19,958

2,161.108 233.127 239, 544

1, 637,720 146,290 164,741 24, 583 329,379

1,184,342 • 71,948

26, 275 338,472 322,958 88,410 708,514 10,988 66,706

-319,482

102,017 2,743 6,275 30,746

1,198,719 176,601 123, 508 1,729

140,244 158,518 13,107 5,311

1,038,717 416,031 30, 322 34,082

1,193,913 68,904 7,989

361,880 284,972

2,407,959 128,186 40.038 376,596 3,623 77,250 13.031 2,796

494,654 7,937

1,466,258 1,196,819

6,230 962.276 309, 769 35.153 997,494 14,818 20, 736 6,470 47,451 843,724 15, 540 2,041

534,084 147,308 19, 581

227,644 16,463 85, 541

561 .

19,279 543

29,778 12,821 483,691 40,474 105,849 32,445 144,204 51, 568 12,322 4,493

271,129 52,659 34,322 32,603 42, 074 35,427 13,481 92,095 136.131 113,731 55,177 11,701 74,881 6,844 22,164 16,858 10,078 135,285 11, 557 627,603 52,037 4,753

179,055 29,476 24,434 214,271 22,020 17,314 4,395 34.196 156,361 4,637 11,078 48,431 48,221 12,183 64,733 3,172 16,044

426, 972 18,425

1,436,521 177,160 897,886 671,670

18.596,235 2,475,180 3,500,554 1,247.018 4,216,344 2,948, 525 602, 998 459,076

14,809,933 4,701,325 1,612,687 1,274,071 2, 672,306 1,704,717 488.416

5,203,730 5, 586,039 13,303,001 3,552,964 658,467

5,125,196 287,396

1,132,991 437,219 444,970

7,205,080 408,963

32,864,432 4,164,654 241,029

11,829,153 1. 733,006 1.463.337 11,840,894

871,965 1,069,860 244,057

1,996,748 8,281,389 506,926 226,674

2,891,796 2,650, 533 682,183

3,532,328 159,214 864,049

-11,140 .

16,965 .

445,397

161,905 30,704

. 116,864 76,686

2, 502,380 159,750 265,614 44,676 397,735 255,534 70, 577 42,755 932,185 339,610 145,141 122,879

• 155,786 201,367 55,117 396,870 453,348 767,597 263,609 89,193 337,106 36,947 80,964 54,223 50,072 569,066 55,686

1,868,772 229,152 23,495 868,998 139,828 144,574 895,217 70,182 112,833 24,917 182,523 676,058 72,828 24, 588 276,132 290,298 82,719 291,337 18,855 88,330

445,397 2,920

-91 -91

Total 6 141,100,773 35,036,! 7 15, 904,264 3,680, 076 195,722,096 8 16,075,187

Reversals by Service Center due to Individual Master FUe cancelled checks and undehverable refund checks:

North Atlantic Md-Atlantic Southeast Central Midwest.. . . Southwest Western

3,662 1,948

494 520

5,501 411 855

1 Includes the District of Columbia.

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STATISTICAL APPENDIX 5 3

2 CoUections 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 applied to taxpayers' liabilities

and the amounts of depositary receipts issued, less the amounts of depositary receipts received with returns and distributed by State.

* Net transactions in the clearing account on the central books of the Treasury for withheld income taxes from salaries of Federal employees.

6 Represents credits allowable on income tax retums for certain gasoline and lubricating oU tax payments and for excess social security payments under the Federal Insurance Contributions Act (FICA).

0 Includes $35.9 biUion transferred to the Federal old-age and survivors insurance trust fund, the Federal disability insurance trust fund, the railroad rethement accounts, the Federal hospital insurance trust fund, and the unemployment trust fund for benefit payments within the States.

7 Includes $5.8 bUlion gasoline and certain other highway user levies transferred to the high way 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 FUe cancelled checks and undeUvered refund checks not obtainable by districts. Also, inclusive of the reimbursement of $425 mUhon to the general fund from the Federal old-age and survivors insurance trust fund, the Federal disabiUty insurance trust fund, the high­way trust fund, and the Federal Unemployment Tax Act (42 U.S.C. 1101(b)(3) which is the estimated aggregate of refunds due on taxes coUected 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.Unes may include substantial amounts withheld from salaries of employees who reside in neighboring States. Likewise, payments of refunds within a State may not be applicable 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 coUections are made.

CoUections in fuU detaU by tax source and region are shown in the "Annual Report of the Commissioner of Internal Revenue" and in lesser detaU in the "Combined Statement of Receipts, Expenditures and Balances of the United States Government."

TABLE 12.—Deposits of earnings hy the Federal Reserve banks, fiscal years 1947-1970^

1947-67 1968 1969 1970 Cumulative through 1970

Boston.. $685,172,730.10 $105,990,752.07 $137,265,696.37 $162,919,883.84 $1,091,348,961.38 NewYork 3,360,752,590.52 546,576,692.12 79,318,676.37 826,779,619.71 6,413,427,678.72 Philadelphia... 749,043,955.33 107,445,523.86 137,452,015.24 170,361,653.04 1,164,303,147.47 Cleveland 1,098,345,432.81 158,885,949.73 204,006,197.16 256,565,959.16 1,717,803,538.85 Richmond 838,760,886.76 151,102,231.69 193,230,279.54 237,639,058.05 1,420,732,456.04 Atlanta 662,316,590.26 106,587,464.74 135,808,935.41 168,028,374.20 1,072,741,364.61 Chicago . 2,239,893,643.08 346,878,977.15 444,416,901.67 544,165,891.49 3.576,355,413.29 St. Louis 498,910,055.36 68,309,904.41 88,062,856.34 109,310,732.16 764,593,548.27 Minneapolis.... 267,998,857.94 38,818,624.66 48,513,473.72 59,401,493.66 414,732,449.98 KansasCity. . . 520,622.951.73 77,630,778.79 98,647,787.90 118,790,416.77 815,691,935.19 Dallas 488,119.460.61 84,302,647.89 109,898,436.62 138,154,190.56 820,474.735.68 SanFrancisco.. 1.580,802,013.31 298,417.990.46 384,902,922.87 473,783,004.08 2.737,905,930.72

Tota l . . . . 12,990,739,167.81 2.090,947,637. 67 2,661,524,078.10 3,265,900,276. 72 21,009, 111, 060.20

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 ofsubscribed capital where it feU below that amount. Beginning in I960, 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 surplus to 100 percent of subscribed capital at those banks where surplus is below that amount and also of the araounts by which surplus at the other banks exceeds sub­scribed capital. Beginning in 1965, the surplus is maintained at the level of the paid-in capital instead of subscribed capital.

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54 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 13.—Customs collections and payments by regions and districts, fiscal year 1970

1. CUSTOMS COLLECTIONS

Regions and districts Duties Miscellaneous

Custoras collections

Internal Revenue Service

Total

Boston region: District offices:

Boston . . . $93,976,334 Bridgeport ^ 11,928,420 Buffalo 50,446,082 Ogdensburg 30,901,208 Portland, Maine 6,042;029 Providence 4,772,628 St.Albans 7,743,671

Total Boston region 205,810,372

New York regional office 962,863,467

B altimore region: District offices:

Balt imore. . . . 71,297,457 Norfolk 49,765,129 Philadelphia 120,384,103 Washington . . . 3,726,393

Total Baltimore region 245,173,082

Miami region: District offices:

Charleston 34,973,884 Miami.. . 27,990,982 S an Juan 0 Savannah.. 15,664,325 Tampa 23,852,587 Wilmington. 32,035,703

Total Miami region

New Orleans region: District offices:

Mobile New Orleans

Total New Orleans region

Houston region: District offices:

El Paso 12,637,374 Galveston 5,047,954 Houston 53,612,361 Laredo.. 25,252,309 PortArthur . . : 2,762,107

Total Houston region 99,312,105

5433,298 106,774 103, 592 495,108 318,099 22,402 36,392

$23,730, 682 9,496,424 8, 914, 246

38, 592,301 23,422

1,681,236 7,078,308

$118,140,314 21,531,618 59,463,920 69,988,617 6,383, 550 6,476,266 14,858,371

1, 515,665 89,516, 619

2, 776,716

2,113, 728 64,486,226

296,842,656

178,363,095 1,144,003,278

645,777 701,994 744,673 21, 284

25,309,737 3,993,933 26,310,864 8,871,692

97.252,971 54,461,056 147,439,640 12,619,369

87,969 202, 577 291,031 93,379 232,370 60.993

1,614, 717 13,735,868

79, 052 4,641,928 8,866,035 1,941,673

36,676, 570 41,929,427

370,083 20,399,632 32,950.992 34,038,369

134, 517,481

8,278,044 70,452,514

78,730,558

968,319

202,810 625.204

828,014

30,879,273

2,144,687 11,920,166

14,064,852

166,365,073

10,625,541 82,997,883

93,623,424

75,927 150,316 354,631 280,080 84,058

3,346,485 583,273

14,429,673 495,906 10,280

16,059, 786 5,781, 543 68,396,565 26,028,295 2,856,445

944,912 18,865,617 119,122,634

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STATISTICAL APPENDIX 55 TABLE 13.—Customs collections and payments hy regions and districts, fiscal year

1970—Continued I. CUSTOMS COLLECTIONS—Continued

Regions and districts Duties Miscellaneous

Custoras collections

Internal Revenue Service

Total

Los Angeles region: District offices:

LosAngeles . - . $241,334,913 Nogales.... 19,604,361 San Diego. 17.245,132

Total Los Angeles region 278,184,406

San Francisco region: District offices:

Anchorage 2,749,233 GreatFaUs 5,815,150 Honolulu 13,115,538 Portland, Oregon 31,852,053 SanFrancisco 104,955,496 Seattle 57,354,731

Total San Francisco region.. . 215,-842,201

Chicago region: District offices:

Chicago 108,104,472 Cleveland 43,467,643 Detroit 78,532,950 Duluth 8,430,686 Milwaukee. 9,079,534 Minneapolis 6,616,905 Pembina. 6,048,878 St. Louis. - 13,601,534

Total C hicago region 273,882,602

TotalaU regions. 2.494,316,274

$951, 592 62,242 318,212

$41,462,978 39,954 205,986

$283, 749,483 . 19, 706.557 17,769,330

1,332,046 41, 708, 918

1, 926,188 63,962, 758

264,260 276,671 228, 704 26,278 76.040 42,540 22, 224 40,869

43,944, 704 77,358,728 154,017,467

40,964 3,600,028 3,431,308

48,448 8,218,296

977,586 290,659,943

321.225,370

94,104 14,137 415,502 309,073 482,065 611,307

133,688 2,739

2,372,888 1,890,969 39,228,417 20,334,057.

2, 977,025 5,832.026 15.903,928 34,052.095 144,665,978 78,300.095

281.731.147

152,313,436 121.103.042 232.779,121 8.497.928 12, 755,602 10,090. 753 6,119.550 21.860,699

565,520,131

13,383,174 792,507,301 3,300,206,749

II . EXPENDITURES BY CUSTOMS

Region CoUections

total Excess duty

Payments

and similar Drawback refunds

Total

CoUections net

Expenses Cost to (net obli- collect gations) $100

Boston... $296,842,657 $2,660,822 N ew York 1,144,003,273 10,305,702 Baltimore 311,773,036 1,586,073 Miami 166,365,073 1,034,590 New Orieans.... 93,623,425 619,155 Houston 119,122,634 2,074,704 LosAngeles 321,225,370 2,611,180 San Francisco.. 281,731,150 2,502,285 Chicago.... 565,520,131 3,869,268 Unassigned. -3,273,832

Grand total---- 3,300,206,749 23,989,947 40,

$666,432 8,865,845 5,105.780 2,507,935

514,462 5,668,640 2,768,300 4,140,320 6,577,341 3,273,832

$3,327,254 $293,515,403 $13,245,467 19,171,547 1,124,831,726 34.271,350 6.691,853 305,081,183 7,263,922 3,542,525 162,822,548 7,968,698 1,133,617 92,489,808 3,617,089 7.743,344 111, 379,290 12,765,143 5,379,480 315,845,890 12,761,953 6.642,605 275.088.545 11,921,073

10,446,609 555,073,522 12,840,299 , 11,862,322 .

$4.51 3.05 2.38 4.89 3.91 n.46 4.04 4.33 2.31

64,078,834 3,236,127.915 128,517,316 3.97

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56 1970 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 14.—Summary of customs collections and expenditures, fiscal years 1969 and 1970

[On basis of Bureau of Customs accounts]

SCHEDULE l . -COLLECTIONS BY CUSTOMS

1969 Percentage increase, or

decrease (—)

$2, 228,450,316 216,850,252 22,740.472 5,469, 656 1,183,207

436,406 16,380,258

255,746 1,490,067 1,059,994

Collections: Duties:

Consumption entries $2,122,505,424 Warehouse withdrawals 221,545,831 MaU entries 20,480,895 Passenger baggage entries 4,267,422 Crewmember baggage entries 1,325.298 Military baggage entries 286,209 Informal entries 15,386,176 Appraisement entries 285.382 Vessel repair entries 695.876 Otherduties 411,961

Total duties 2,387.190,473

Miscellaneous: Violations of Customs laws 4,272,446 Maruie inspection and navigation services 44,619 Testing, inspecting, and grading 443,647 MisceUaneous taxes. 6,667,405 Fees -- - 279,186 Undahned funds : . 248,579 Recoveries . 36,091 All other custoins receipts.. 57,535

Total miscellaneous... 12,049,508 Internal revenue taxes. 857,453,162

Total coUections 3.256,693,143

2,494,316, 274

6,372,245 9,286

74.158 7, 586,465

158, 758 133,731 16, 894 31,637

13,383,174 792, 507,301

4.9 - 2 . 1 11.0 28.2

-10.7 52.5 6.5

-10.4 114.1 157.3

4.4

3,300,206,749

25.7 -79.2 -83.3

13.8 -43.1 -46.2 -53.2 -45.0

n.i - 7 . 6

L3

SCHEDULE 2 . - S 0 U R C E AND APPLICATION OF OPERATING FUNDS

1969 1970 Percentage increase, or

decrease (—)

Source of funds: Appropriations reahzed—"Salaries and Expenses, Bu­

reau of Customs" $100,337,000 Net transf ers—nonexpenditure transactions — 20,800 Reimbursements from:

Agriculture—quarantine program 2,506,900 Commerce—export control program 1,726,000 State—foreign customs assistance program 1,018,286 Reimbursable services—Acts of 1911 and 1936.. 16,145,050 AU other sources 2,050,702

Total funds provided 123,763,138

Application of funds by program: Processing of arriving persons and cargo 101,123,687 Investigations—law enforcement 13,584,736 Intemal audit 1,015,052 Executive directions 7,888,323

Total funds applied 123,611,798

Withdrawn appropriation balance 151,340

Refunds: Excessive duties and similar refunds 28.003,571 Drawback payments 40,224,499

Total 68.228,070

$128, 595.720 -59,672

2,804.900 1,834.500

723,393 17,216,275 5,623.428

156, 738, 544

123,839.101 20,622.251 1,226.462

11,031.998

12.16 186.88

11. 89 6.29

-28.96 6.64

174. 22

26.64

22.46 51.80 20.83 39.85

156,719,812

18, 732

23,989,947 40,088.887

26.78

-87.62

64,078,834

-14.33 -.34

-6.08

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STATISTICAL APPENDIX 57

TABLE 15.—Postal receipts and expenditures, fiscal years 1926-70

Year

Postal revolving fund as reported to the Treasury by the Post Office Department

Postal revenues

Postal expenditures i

Extraordinary expenditures as reported under act of June 9,1930

Other Surplus, or deficit (—)

Surplus revenue

paid into the Treasury 2

Advances from the

Treasury to cover postal deficiencies 3

1926 $659,819,801 1927 683,121,989 1928..- 693,633,921 1929 696,947,578 1930 705,484,098

1931 656,463,383 1932 588,171,923 1933 687,631,364 1934 686,733.166 1935 630,795,302

1936 665,343,356 1937 726,201,110 1938 728,634,051 1939........ 745,956,075 1940 766,948,627

1941 812,827,736 1942 859,817,491 1943 966,227,289 1944 1,112,877,174 1945 1,314,240,132

1946 1,224.572,173 1947. 1.299,141.041 1948 1.410,971,284 1949 1,671,851,202 1950 1,677,486,967

1951 1,776,816,354 1952 1,947,316.280 1953 2,091,714,112 1954 6 2,263,389.229 1955 6 2,336,667,658

1956 6 2,419.211,749 1957 6 2.547,589.618 1958 6. 2,583,459,773 1959 6 3,061,110.753 19608 3.334,343,038

19616. 3.482,961.182 1962 6 3.609,260,097 1963 6. 3,869,713,783 1964 6 4,393,516,717 1965 6 4.662,663,155

1966" 5,038.666.873 1967 6 5,326.427,981 1968 8 5,714.395.043 1969 8 7,273,101,703 1970 "1 8.080,151,078

•$679,792,180. 714,628,189 725,755,017 782,408,764

$39,669,718 764,030,368

48,047,308 754,482,265 53,304,423 740,418,111 61,691,287 638,314,969 66,623,130 564,143,871 69,537,252 627,066,001

68,585,283 685,074,398 51,587.336 721,228,506 42,799, 687 729,645,920 48.540,273 736,106. 665 53,331,172 754,401,694

68,837,470 73,916,128 122,343,916 126,639,650 116,198,782

100,246,983 92,198,225 96,222,339 120,118,663 119,960,324

104,895,553 107,209.837 103,445,741

(0 Q)

{->) (0 (8) (8) (8)

(8) (8) (8) (8) (8)

(8) (8) (8) (8) (8)

778,108,078 800,040,400 830,191,463 942,345,968

1,028,902.402

1,253,406,696 1,412,600,631 1. 591,683.096 2,029,203.466 2,102,988,758

2,236,603,513 2, 659,650.534 2.638.680.670 2,676,386,760 2,692.966,698

2,882,291,063 3,065,126,065 3,267,452,203 3.834.997.671 3,821,959,408

4,347,945,979 4,343,436.402 4,640.048. 550 4,971,215,682 6,467,205,453

5,926,862,604 6,467,613,482 6,793,911,210 6,362,768,003 6,670,127,625

-$19,972.379 * $39.506,490 -31,506,201 27,263,191 -32,121,096 32,080,202 -86,461,176 94,699,744 -98,215,987 91,714,451

-146,066,190 145,643,613 -206,650,611 202,876,341 -112,374,892 117,380,192 -44,033.835 62,003,296 -65,807,951 63,970,405

-88.316.324 86,038,862 -46,614,732 41,896,945 -43,811,556 44,258,861 -38,691,863 41,237,263 -40,784,239 40,870,336

-24,117,812 30,064,048 -14,139,037 18,308,869

13.691,909 14,620,875 43,891,556 $1,000,000 8—28,999,995

169,138,948 188,102,679 649,769

-129,081,506 160,572,098 -205,657, 715 12,000,000 241,787,174 -276,834,152 310,213,461 -577,470,926 524.297,262 -545,462,114 692,514,046

-564,582,711 624,169,406 -719.544,090 740,000,000 -660,412,299 660.121,483 -311.997,631 521,999,804 -356,299,040 285,261,181

-463,079,314 382,311,040 -517,536,447 516,602,460 -673,992.431 921,750,883 -773,886,918 605,184,335 -487,616,370 569,229,167

-864,984,797 824,989,797 -734,176,305 773,739,374 -770.334,767 817,693,516 -577,698,965 698,626.276 -804,642,298 764,090,520

-888,196,731 941.698,236 -1,141,185,501 1,174,402,607 -1.079,616,167 1,140.204,035

-920,333,700 1,133,664,184 -1,510,023,453 1,735,039,917

1 From 1927 to date includes salary deductions paid to and deposited for credit to the retirement.fund. 2. On basis of warrants-issued adjusted to basis of daily Treasury statements through 1947. 3 Advances tb the Postmaster General to meet estimated deficiencies in postal revenues, reduced by repay­

ments from prior year advances. Excludes aUowances for offsets of extraordinary expenditures or the cost of free maUings. 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 Treasury Department.

* Excludes $10,472,289 transferred to the civU service rethement and disabUity fund on account of salary deductions.

6 Repayment of unexpended portion of prior years* advances. 6 Transactions for 1954-70 are on the basis of cash receipts and expenditures as reported by the Post Offlce

Department. Reports of the Postmaster General are on a modffied accrual basis. 7 See letter of the Postmaster General in exhibits in annual reports prior to 1958. 8 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 have been coUected on certain free or reduced-rate mailings.

NOTE.—For figures from 1789-1925 see annual report for 1946, p. 419.

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5 8 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 16.—Seigniorage on coin and silver bullion, J anua ry 1, 1935-June 30, 1970

Total seigmorage Potential seigniorage on coin (silver, on sUver bullion,

Fiscal year clad, and minor) and other raetals and on sUver at cost in Treasur-

buUion revalued er's account, end of fiscal year i

Jan. 1. 1935-June 30, 1964, cumulative • $2,408,931,105.43 2 $7, 520.617.15 1965 -.-- 116,996,658.41 6.560.393.72 1966 -- 648.804,126.79 950,051,328.32 1967 ---- 836,734,039.35 980,037,560.91 1968 .- - 383,141,339.00 759,844,047.56 1969 250,170,276.34 700,000,000.00 1970 274,217,884.01 N.A.

Jan. 1,1935-June 30, 1970, cumulative 4,918,995,429.33

1 Not cumulative, as coinage metals held by the Treasurer of the United States changes, the potential seigniorage changes. Potential seigniorage also changes depending on the denoraination of the coins manu­factured.

2 Represents potential seigniorage as of June 30, 1964. N.A. Not available.

Federal Debt

I .—Outstanding

T A B L E 17.—Federal securities outstanding, fiscal years 1954-70

[Public debt securities on basis of daily Treasury statements; agency securities on basis of administrative accounts and reports]

Fiscal year PubUc debt Agency Total Federal securities i securities 2 securities

1954 $271,259,599,108 $963,466,000 $272,223,065,108 1955 274.374.222.803 1.559.271,536 275,933,494,339 1956 272,750,813,649 1,753,860,700 274,504,664,349 1957 270,527,171,896 2,893,571,362 273,420,743,258 1958 276,343,217,746 3,967,532,514 280,310,750,260 1959 284,705,907,078 5,040,084,860 289,745,991.938 1960 286.330,760,848 6,769.552,937 293.100.313.785 1961 288,970.938,610 6,477,251,272 295,448,189,882 1962 298,200.822,721 7,927,356,819 306,128,179,540 1963 305,859,632,996 8,123,100,192 313,982,733,188 1964 - 311,712,899,257 8,631,287,094 320,344,186,351 1965 - 317,273,898,984 9,335,416,039 326,609,315,023 1966 - -- 319,907,087,795 13,376,757,266 333,283,845,061 1967 326,220,937,795 18.455.326.671 344,676,264,466 1968 347,578,406.426 24,399,459,289 371,977,865,715 1969 353,720,253,841 14.249,052,696 367.969,306.637 1970. 370,918,706.950 12,509.702.555 383,428,409,505

1 Includes certain securities not subject to statutory limitation. For amounts subject to limitation, see table 21.

2 For content see table 24.

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STATISTICAL APPENDIX 59 T A B L E 18.—Federal securities held by the public, fiscal years 1954-70

[On basis of "Monthly Statenient of Receipts and Expenditures of the United States Government"]

Fiscal year Federal

securities i

Deduct

Investments of Government

accounts Special notes ^

Held by the public

Total Per capita 3

1954. _ $272,223,065,108 $46,312,717,525 $1,411,000,000 $224,499,347,583 $1,382.46 1955.. 275.933,494,339 47,750,891,975 1.567,000,000 226,615,602,364 1,371.14 1956 274,504,664,349 50,536,857,948 1,742,000,000 222.225,806,401 1,321.03 1957.. 273.420.743,258 52,931,326,786 1,068.000,000 219.421,416,472 1,281.11 1958 280,310.750.260 53,329,411.492 618,000,000 226,363,338,768 1,299.89 1959. 289,745,991,938 52,763,955,039 1,979,250.000 235,002,786,899 1,325.72 1960.. 293,100,313,785 53,685,505,130 2.238,000.000 237.176,808.655 1,312.66 1961.. 295.448,189,882 54.290,602.525 2,553,652,200 238,603,935,157 1,298.48 1962.. 306,128,179,540 54,917,698,638 2,837,304,400 248,373,176,502 1,330.65 1963. 313,982,733,188 56,345,474,329 3,175,956,600 254,461,302,259 1,343.39 1964 320,344,186,351 59,209,859,460 3.581,261,000 257,553,065,891 1,340.58 1965. 326,609,315,023 61,540,352,558 3,455,000,000 261,613,962,465 1,344.42 1966. 333,283,845,061 64,783,929,484 3,809,500,000 264,690,415,577 1,344.24 1967 344,676,264,466 * 73,819,395,745 3,328,000,000 267,528,868,721 1,343.60 1968 371,977,865,715 * 79,139,566,850 2.209,000,000 290,629,298,865 1,444.82 1969 367.969,306.537 * 87,661.296,652 825,000,000 279,483,009,885 1,375.30 1970 383,428,409,605 97,723,153,576 825,000,000 284,880.255.929 ^ 1,386.91

p Preliminary. 1 For content see table 17. 2 Represents noninterest-bearing public debt secmities issued to the International Monetary Fund and

international lending organizations. 3 Based on the Bmeau 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, HawaU.

* For content see table 20.

40)9-714—71-

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60 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 19.—Principal of the public, debt, fiscal years 1790-1970

[On basis of Pubhc Debt accounts from 1790 through 1915, and on basis of daily Treasmy statements frora 1916 to date, see "Bases of Tables" and Note]

D a t e

Deceraber 31— 1790. . . 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 . . . 1 8 0 6 . . . . 1807 1 8 0 8 . . . . 1809 . . . 1810 1811-.

J u n e 30

1853 1854 1855 1856 1857 1858 1859 1860 . . . 1861 1862.. . 1863 1864. . . . 1865.. 1866 1867... 1868 1869 1870.. 1871 , 1872. 1873 , 1874... 1875 1876. 1877 , 1878 , 1879.. . 1880... 1881. . . 1882... 1883 1884.. 1885 1886.. 1887 1888 1889 1890.. , 1891. . . 1892 1893 1894 1895 1896 1897 1898 . 1899 1900 1901

To ta l gross D a t e T o t a l gross p u b h c debt publ ic deb t

Deceraber 31— . . . $75,463,477 1812. . . . 77,227,925 1813. . . . 80,368,634 1814. . . . 78,427,405 1815. . . . 80,747,587 1816. . . . 83,762,172 1817. . . . 82,064,479 1818. . . . 79,228,529 1819. . . . 78,408,670 1820. . . . 82,976,294 1821. . . . 83,038,051 1822. . . . 80,712,632 1823. . . . 77,054,686 1824.. . . . 86,427,121 1825-. . . 82,312,151 1826.. . . . 75,723,271 1827.. . . . 69,218,399 1828., . . . 65,196,318 . 1829.. . . . 57,023,192 1830.. . . . 53,173,218 1831.. . . . 48,005,688 1832.. . . . 45,209,738

Matu red deb t In te res t - ( Dn which bear ing i interest has

ceased

$59,642,412 . . . . 42,044,517

35,418,001 31,805,180 28,503,377 44,743,256 58,333,156 64,683,256 90,423,292

365,356,045 707,834,255

1,360,026.914 2,217,709,407 2,322,116,330 2,238,954,794 2,191,326,130 2.151,495,065 2,035,881,095 1,920,696,750 1,800,794,100 1,696.483,950 1,724,930.750 1.708.676,300 1,696,685,450 1,697,888,500 1,780,735,650 1,887,716,110 1,709,993,100 1.625,567,750 1,449,810,400 1.324,229,150 1,212.563,850 1,182,150,950 1,132,014,100 1,007,692,350

936,522,500 815,853,990 711,313,110 610,529,120 685,029,330 585,037,100 635,041,890 716,202,060 847,363,890 847,365,130 847,367,470

1,046,048,750 1,023,478,860

987,141,040

Footnotes a t end of tab le ;

$162,249 199,248 . 170,498 168.901 . 197,998 170,168 . 165,225 160,575 . 159,125 , 230,520 171,970 366, 629

2,129,425 4,435,865 1, 739,108 1,246,334 5,112,034 3, 569, 664 1,948,902 7. 926, 547

51,929,460 3,216,340

11,425,570 3,902,170

16, 648,610 5, 594, 070

37,015.380 7, 621,205 6,723. 615

16.260, 555 7,831,165

19, 655,955 4,100, 745 9, 704,195 6,114, 915 2.495,845 1, 911,235 1,815.555 1, 614, 705 2,785,875 2, 094, 060 1,851,240 1,721. 590 1, 636,890 1,346,880 1,262. 680 1.218,300 1,176,320 1,415,620

D a t e

Deceraber 31— $55.962,828

81,487,846 99,833,660

127, 334,934 123,491, 965 103,466, 634 . 95,529, 648 91, 015,566 89, 987,428 93,646, 677

1833 1834.. 1835 1836.. 1837 1838. . 1839 1840 1841 1842

90,875,877 J u n e 30— 90, 269, 778 83, 788,433 81,054,060 73,987,357 67,476, 044 58,421,414 48,665,407 39,123,192 24,322,235

7, o n , 699

D e b t bearing no interest

$i58,59i, 390 411.767.456 455,437,271 458, 090,180 429,211,734 409,474,321 390,873,992 388,503,491 397,002, 510 399,406,489 401,270,191 402,796,935 431,785.640 436,174, 779 430,258,168 393,222,793 373,088. 595 374,181,153 373,294, 567 386,994,363 390,844.689 389,898,603 393, 087,639 392,299,474 413, 941,255 451, 678.029 445, 613,311 431, 705,286 409,267, 919 393,662,736 380,403, 636 374,300,606 380,004,687 378, 989, 470 373,728, 570 378,081,703 384,112,913 389,433, 654 238,761,733 233,015,585

1 8 4 3 . . . . 1844 1845 1846 1847.. 1848 1849 1850 1851 1852

T o t a l gross p u b h c deb t 3

$59,804,661 42,243,765 35,588,499 31,974,081 28,701,375 44,913,424 58,498,381 64,843,831 90, 582,417

524,177,955 1,119,773,681 1,815,830,814 2.677,929,012 2,755,763,929 2.650,168,223 2. 583,446,456 2. 545. n o , 590 2,436,453,269 2,322,052,141 2,209,990,838 2,151,210,345 2,159,932,730 2,156,276, 649 2,130,845,778 2,107,759,903 2,159,418,315 2,298,912,643 2,090,908,872 2,019,285,728 1,856,915,644 1.721,958,918 1,625,307,444 1, 578, 551,169 1,555,659, 550 1,465,485,294 1,384,631,656 1,249,470 511 1,122,396, 584 1.005,806,561

968,218,841 961, 431,766

1,016,897,817 1,096,913,120 1.222.729,350 1,226,793,713 1,232,743,063 1,436,700, 704 1,263,416,913 1,221,572,245

T o t a l gross p u b h c debt

$4, 760,082 37, 733 37,613

336,958 3.308,124

10,434. 221 3,573,344 5, 250,876

13,594,481 20, 201, 226

. 32, 742, 922 23.461. 653

. 15,925,303 15,550, 203

. 38,826,535

. 47,044,862 63,061,859 63,452. 774

. 68,304, 796

. 66,199,342

Gross deb t per capi ta 2

$2.'32 1.59 1.30 1.10

.93 1.59 1.91 2.06 2.80

15. 79 32.91 52.08 75.01 75.42 70.91 67.61 65.17 61.06 56.72 52.65 50.02 49.05 47.84 46.22 44.71 44.82 46.72 41.60 39.18 35.16 31.83 29.35 27.86 26.85 24.75 22.89 20. 23 17.80 15.63 14.74 14.36 14.89 15.76 17.25 16.99 16.77 19.21 16.60 15.74

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STATISTICAL APPENDIX 6 1

TABLE 19.—Principal of the public debt, fiscal years 1790-1970—Continued

June 30 Matured debt

Interest- onwhich Debt bearing Total gross Grossdebt bearing 1 interest has no interest public debt 3 per capita 2

ceased

1902 $931,070,340 $1,280,860 $245,680,157 1903 _ 914,641,410 1,205,090 243,659,413 1904 895,157.440 1,970,920 239,130,656 1906. 895,158,340 1,370,245 235,828,510 1906 895.159,140 1,128,135 246,235,695 1907 894,834,280 1,086,815 251,257,098 1908 897,503,990 4,130,015 276,056,398 1909 913.317,490 2,883,855 232,114,027 1910... 913,317,490 2,124,895 231,497,584 1911 915,353,190 1,879,830 236,751,917 1912 963,776,770 1,760,450 228,301,285 1913 965,706,610 1,659,550 225,681,585 1914 967,953,310 1,552,560 218,729,530 1915 _ 969,759,090 1,507,260 219,997,718 1916 971,562,590 1,473,100 252,109,877 1917... 2,712,549,477 14,232,230 248,836,878 1918 12,197,507,642 . 20,242,550 237,475,173 1919... 25,236,947,172 11,176,250 236,382,738 1920.. 24,062,500,285 6,745,237 . 230,075,945 1921 23,738,900,085 10,688,160 227,862,308 1922 22,710,338,105 25,250,880 227,792,723 1923 22,007,043,612 98,738,910 243,924,844 1924.. 20,981,242,042 30,278,200 239,292,747 1925... 20,210,906,915 30,258,980 275,027,993 1926 19,383,770,860 13,359,900 246,085,555 1927 18,252,664,666 14,718,585 244,523,681 1928 17,317.694,182 45,335,060 241,263,959 1929 16.638,941,379 50,749,199 241,397,905 1930 15,921,892,350 31,716,870 231,700,611 1931 16,519,588,640 51,819,095 229,873,756 1932 19,161,273,640 60,079,385 265,649,519 1933 22,157,643,120 65,911,170 315,118,270 1934 26,480,487,870 54,266,830 518,386,714 1935 _. 27,645,241,089 230,662,155 824,989,381 1936 32,988,790,135 169,363,395 620,389,964 1937 35,800,109,418 118.529,815 505,974,499 1938 36,575,925,880 141,362,460 447,451,975 1939 39,885,969,732 142,283,140 411,279,539 1940 42,376,495,928 204,591,190 386,443,919 1941 48,387,399,539 204,999,860 369,044,137 1942 71,968,418,098 98,299.730 355,727,288 1943 135,380,305,795 140,500,090 1,175,284,445 1944 199,543,355,301 200,851,160 1,259,180,760 1945 256,356,615,818 268,667,135 2,056,904,457 1946 268,110,872,218 376,406,860 934,820,095 1947.... 255,113,412,039 230,913,536 2,942,057,534 1948.... 250,063,348,379 279,751,730 1,949,146,403 1949 250,761,636,723 244,757,458 1,763,965,680 1950 255,209,353,372 264,770,705 1,883,228,274 1951 252,851,765,497 512,046,600 1,858,164,718 1952 256,862,861,128 418,692,165 1,823,625,492 1953 263,946,017,740 298,420,570 1,826,623,328 1954 268,909,766,654 437,184,655 1,912.647,799 1955.-.. 271,741,267,507 588,601,480 2,044,353,816 1956.... 269,883,068.041 666,051,697 2,201,693,911 1957 268,485,562,677 529,241.585 1,512,367,635 1958 274,697.560,009 597,324,889 1,048,332,847 1959 281,833,362,429 476,465,003 2,396,089,647 I960.... 283,241,182,755 444,608,630 2,644,969,463 1961 285,671,608,619 349,355,209 2,949,974,782 1962.... 294,442,000,790 437,627,514 3,321,194,417 1963 301.953,730.701 310,415,540 3,595,486,755 1964.... 307,356,561,535 295,293,165 4,061,044,557 1966 313,112,816,994 292,259,861 3,868,822,129 1966 315,431,054,919 307,673,987 4,168,358,890 1967 322,285,952,388 284,262,674 3,650,722,733 1968 344,400,507,282 253,982,180 2,923,916,963 1969 351,729,445,327 460,746,130 1,530,062,384 1970 369,025,522,033 365,990,460 1,527,194,456

$1,178, 159, 136, 132, 142, 147, 177,

i; 148, 1,146, 1,153, 1,193, 1,193, 1,188, 1,191, 1,225, 2,975, 12,455, 25,484, 24,299, 23,977, 22,963, 22,349, 21,250, 20,516, 19,643, 18,511, 17, 604, 16,931, 16,185, 16,801, 19,487, 22,538, 27,053, 28,700, 33,778, 36,424, 37,164, 40,439, 42,967, 48,961, 72,422,

136,696, 201,003, 258, 682, 269,422, 258,286, 252,292, 252,770, 257,357, 255,221, 259,105, 266,071, 271,259, 274, 374, 272,750, 270,527, 276,343, 284,705, 286,330, 288,970, 298,200, 305,859, 311,712, 317,273, 319,907, 326,220, 347,578, 353,720, 370,918,

031,357 405,913 259,016 357,095 622,970 178,193 690,403 315,372 939,969 984,937 838,605 047.745 235,400 264,068 145,568 618,686 225,365 506,160 321,467 450,553 381,708 707,365 812,989 193,888 216,315 906,932 293,201 088,484 309,831 281,492 002,444 672,560 141,414 892,625 543,494 613,732 740, 316 532,411 531,038 443,536 445,116 090,330 387,221 187,410 099,173 383,109 246,513 359,860 352,361 976,815 178, 785 061, 639 599,108 222,803 813,649 171,896

217.746 907,078 760,848 938,610 822,721 632,996 899,257 898,984 087,795 937,795 406,426 253,841 706,960

$14.88 14.38 13.83 13.61 13.37 13.19 13.28 12.69 12.41 12.29 12.52 12.27 1L99 n.85 12.02 28.77

119.13 242. 56 228. 23 220. 91 208. 65 199. 64 186. 23 177.12 167.32 155.51 146.09 139.04 131.51 135.45 156.10 179.48 214.07 225. 55 263.79 282.76 286. 27 308.98 325.23 367.09 537.13 999.83

1,452.44 1,848.60 1,905.42 1,792.05 1,720.71 1,694.75 1,696.67 1,654.20 1,650.84 1,667.48 1, 670.41 1,660.11 1,621. 38 1,579.50 1,586.89 1,606.11 1,584.70 1,572.58 1,597.60 1,614.74 1, 622. 49 1,630.46 1, 624.66 1,638.36 1,727.94 1,740.64

V 1.805.89

V Prelirainary. 1 Exclusive of bonds issued to the Pacific raUroads (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, wbich was not a debt as principal and interest were the property of the United States. The Stateraent ofthe Public Debt included the raUroad bonds frora issuance and the Navy fund frora Sept. 1, 1866, through June 30, 1890.

2 Based on the Bureau of the Census estimated population. Through 1958 the estimated population is for the conterminous United States. Beginning with 1959 the estimates include Alaska, and with 1960, HawaU.

3 Includes certain securities not subject to statutory limitation. Public debt includes debt incurred to finance expenditures of wholly owned Government corporations and other business-type activities in exchange for which securities of the corporations and activities were issued to the Treasury (see Table 105).

NOTE.—From 1790-1842, the fiscal year ended Dec. 31. Detailed figures 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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62 197 0 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 20.—Investment holdings of Government accounts in Federal securities, June 30, 1968-70

[Amounts represent pubhc debt securities unless stated otherwise. Par value. In thousands of dollars. On basis of "Monthly Statement of Receipts and Expenditures of the United States Government." see "Bases of Tables"]

Agency 1968 1969 1970

Library of Congress: Library of Congress trust fund, investment account 52 43 41

The judiciary: Judicial survivors annuity fund 4,132 4,725 5,511

Funds appropriated to the President: Overseas Private Investment Corporation 30,750

Agriculture Department: Farmers Horae Adrainistration, State rural rehabilitation funds.. 173 173 920 Commodity Credit Corporation:

Agency securities: Defense faraily housing mortgages 82,054 76,245 70,954

Consumer and Marketing Service: Milk market orders assessment fund 2,119 2,735 3,730

Comraerce Department: Federal ship mortgage insurance fund, revolving fund 5,091 7,172 14,385 War risk insurance revolving fund 3,999 4,313 4,646 Gifts and bequests 6 6 34

Defense Department: Army D epartment:.

Bequest of Maj. (Jen. Fred C. Ainsworth.. 11 11 11 General gift fund 39 172 174

Navy Department: Office of Naval Records and History fund 254 274 274 U.S. Naval Academy museum fund.. . 8 8 8 U.S.Naval Acaderay general glftfund 208 199 250 Navy general gift fund 57 57 67

Air Force Department: General gift fund 6 6 6

Health. Education, and Welfare Department: Federal old-age and survivors insurance trust fund 22,743,265 25,508,118 29,461,403

Participation certificates 410,000 640,000 640,000 Agency securities:

Federal National Mortgage Association debentures i 96,500 Federal disability insurance trust fund 2,206,433 3,357,389 4,749,855

Participation certificates 11.5,000 115,000 65,000 Agency securities:

FcderalNational Mortgage Association debentures i 30,000 Federal hospital insurance trust fund 1,258,764 1,889,940 2,583,322

Participation certificates 70,000 70,000 70,000 Agency securities:

Federal National Mortgage Association debentures i . . 41,500 Federal suppleraentar3'^ medical insurance trust fund 281,413 357,971 13,417 Office of Education:

Student loan insurance fund 412 900 Public Health Service unconditional gift fund 95 95 95 PublicHealth Service conditional gift fund.. 41 30 30 St. Ehzabeths Hospital unconditional gift fund 43 45 45 Patients'benefit fund. Public Health Service hospitals 4 4 4

Housing and Urban Developraent Departnient: Federal Housing Adrainistration:

Revolving fund 688,438 855,877 989,809 Participation certificates 60 175 245 Agency securities:

Federal Housing Adrainistration debentures 2 75,702 72,933 69,795 Defense family housing raortgages 7,726 7,445 7,153

Community disposal operations fund 36 44 78 Agency securities:

Federal Housing Administration debentures 388 388 388 Government National Mortgage Association:

Management and liquidating functions: Agency securities:

Defense family housing mortgages 59,323 57,172 55,037 Special assistance functions:

Agency securities: Federal Housing Administration debentures 203 Defense faraily housing mortgages 121,592 115,802 109,592

Participation sales fund 508,109 1,008,800 673,297 Agency secmities:

Banks for cooperatives debentures 3 43,810 Federal intermediate credit bank debentmes* 55,365 Tennessee Valley Authority 63,295 29,500

Federal Insmance Administration: National insmance development fund 32,024 60,000

Lowrent pubhc housing fund 3,000

Footnotes at end of table.

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STATISTICAL APPENDIX 6 3

T A B L E 20.—Investment holdings of Government accounts in Federal securities, June 30, 1968-70—Continued

[In thousands of dollars]

Agency 1968 1969 1970

Interior Department: Indian tribal funds 24,245 19,445 200,290

Participation certificates 1,000 1,000 Preservation of birthplace of Abrahara Lincoln 64 64 64 Bequest of George C. Edgeter. relief of indigent American Indians. 31 31 31 National Park trust fund 757 Funds contributed for the advancement of the Indian Race,

Bureau of Indian Affairs 20 20 Labor Department:

Unemployment trust fund 11,061,159 12.235,353 12,787,888 Participation certificates 355,000 265,000 200,000 Agency securities:

Federal National Mortgage Association debentures i 146,500 Relief and rehabihtation, Workmen's Compensation Act within

the District of Columbia... 109 103 91 State Department: Foreign service retirement and disability fund 41,860 47,320 51.024 Conditional gift fund 15 50 30

Transpor tationD epartment: Highway trust fund 978,324 1,512,735 2,601.737 Coast Guard general gift fund 10 10 10 Coast Guard Cadet fund 24

Treasury Departraent: Exchange StabUization Fund 746.841 22.800 12,400

Agency securities: Federal National Mortgage Association debentures i 25,000

Pershing HaU Meraorial fund 211 211 211 Office of the Coraptroller of the Currency 12,372 14.246 21,246

Participation certfficates.. 2,000 2,000 Esther CatteU Schraitt gift fund... -. 414 414 414

General Services Administration: National Archives gift fund 1,565 1,625 1,374 National Archives trust fund 102 677 652

Veterans' Administration: Veterans'reopened hisurance fund 87.099 121.708 156,422 Veterans' special term insurance fund 214,086 242,557 266,872 National service life insmance fund - 5,855,749 5,753,653 5,915,145

Participation certfficates 305.000 480,000 405,000 Agency securities:

Federal National Mortgage Asssociation debentures i . . . 67,500 Government life insurance fund.. 876,400 841,831 796,743 General post fund, national homes 1,070 1,756 1,430

Civil Service Commission: CivU service retheraent and disability fund 17,900,806 19,724,923 21,517,490

Participation certificates 410.000 510,000 510,000 Agency secmities:

Federal National Mortgage Association debentures i 96,500 Eraployees health benefits fund 99,836 106,600 93,199 Eraployees'life insurance fund. . 495,148 638,193 799,753 Retired eraployees health benefits fund 3,820 1,824 20.914

Farm Credit Administration: Banks for cooperatives 56,781 Federal intermediate credit banks 137,008

Agency securities: Loans to banks for cooperatives 3 10, 500

Federal Deposit Insurance Corporation. 3.840,632 4,153,287 4,480,946 Federal Home Loan Bank Board:

Federal Savings and Loan Insurance Corporation 1,900,244 2,116,030 2,288,853 Participation certfficates 88,600 159,550 159,550 Agency securities:

Federal NationalMortgage Association debentures i_ 4,000 Railroad Retireraent Board:

Railroad retireraent holding account 5,169 2,254 1,923 Railroad retirement account 4,075,317 4,219,020 4,524,438 Railroad retirement supplemental account 15,261 5,228 17,671 Participation certificates 210,000 210,000 160,000 Agency securities:

Federal NationalMortgage Association debentures i 71,500 Tax Court of the United States:

Tax court judges survivors annuity fund 148 172 204 Tennessee Valley Authority 16,000 Small Business Administration:

Lease guarantees revolving fund 510 1,170

Total 79,139,567 87,661.297 97,723,154

Footnotes at end of table.

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64 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 20.—Investment holdings of Government accounts in Federal securities, June 30, 1968-70—Continued

[In thousands of dollars]

Agency 1968 1969 1970

MEMORANDUM

Investments hi securities of privately owned Governraent-sponsored enterprises:

Included in the loan account: Civil Service retireraent and disability fund 594,600 Indian tribal funds._ 5,355 Federal Savings and Loan Insurance Corporation (acquired

securities) 12,830 Milk market orders assessraent fund 173 Participation sales fund Raihoad retheraent account

Total

292,960 50 000

937, 560 5,355 13,003

Not applied to current j'^ear's surplus or deficit: Civil service retireraent and disability fund 86,500 20,000 Federalold-age and survivors insurance trustfund 86,500 20,000 Federal hospital insurance trust fund 41,500 Federal disabUity msurance trust fund 20,000 20,000 Federal Savhigs and Loan Insurance Corporation 4,000 4,000 Participation sales fund 17,705 Raihoad rethement account 61, 500 20,000 Unemployment trust fund 86,500 20,000 Veterans'life insurance trustfunds 67,500

Total 471,705 104,000

1 Effective Sept. 30, 1968, Federal National Mortgage Association was converted to private ownership (12 U.S.C. 1716b), and is included in the "Memorandura" on this table.

2 Held by rautual mortgage insurance fund. sThese banks were converted to private ownership effective Dec. 31, 1968, by an act approved Oct. 17,

1968 (12 U.S.C. 1134e). * These banks were converted to private ownership eflective Dec. 31, 1968, by an act approved Oct. 17,

1968 (12 U.S.C. 1061(a)(1)).

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STATISTICAL APPENDIX 65

TABLE 21.—Debt subject to statutory limitation, outstanding June 30, 1940-70

[On basis of dai ly T reasu ry s ta tements]

J u n e 30 P u b l i c deb t

subject to Ihni ta t ion i

D e b t of U . S . Gove rnmen t agencies a n d Dis t r ic t of Colurabia subject to l imi ta t ion 2 D e b t subject

to l imitat ion 3 In teres t -bear ing

Matured To ta l

1940 $37,690,052,720 1941 43,123,336,151 1942 69,586.197.977 1943 136,369,140,696 1944.- 206,454,185,750 1945 268,237.605.076 1946 268.455.970.443 1947 257,401,896,875 1948 251,468,110,567 1949 252,000,437,177 1950 256,632,630,395 1951 254,537,402,501 1952 268,461,032,792 1953 266,469,663,620 1954 270.708,863,230 1955 273,870,706,735 1956 272,287,327,974 1957 270,081,184,136 1958 275,912.219,021 1959 284,287,454,940 1960 _ 285,925,122,549 1961 288,621,647,080 1962 297,767,548,338 1963 305,491,889,669 1964 311,351,181,709 1965 -- 316,990,533,998 1966 319,640,673,677 1967 325.958.925.138 1968 346.924,571,182 1969 353,084,483,788 1970 370,287,837,088

$5,497, 6,359, 4, 548, 4,091, 1, 515,

409, 466,

83, 68, 23, 17, 27, 44, 50, 80, 43, 73,

106, 100, no, 139, 239, 443, 605, 812, 588, 460, 611,

3,818, 3,847, 3,136,

556,555 619,105 529,255 686,621 638,626 091,867 671,984 212,285 768,043 862,383 077,809 364,069 092,646 881,686 415,386 257,786 100,900 434,150 565,250 429,100 305,000 694,000 688,600 489,600 272,200 900,500 474,100 788,700 220,100 040,000 645,950

$31, 514,100 10,633,475 19,730,375 8,256,425

107,430, 675 24,066,525 9, 712,875 6,307,900 4,692,775 3,413,025 2,425,225 1,863,100 1,472,700 1,191,075 1,026,000

885,175 787, 575 703,800 655,350 590,050 536,775 521,450 530,425

1,120,775 719,725

1,425,550 1,073,175

407,375 365,800 352,150 343,625

$5, 529,070,655 6,370,252, 580 4,568,259,630 4,099,943, 046 1,623,069,301

433,158,392 476,384,859

89, 520,185 73,460,818 27,275,408 19,503,034 29,227,169 45,565,346 52,072,761 81,441,386 44,142,961 73,888,475

107,137,950 101,220,600 111,019,150 139,841,775 240,215,450 444,218,925 606,610,375 812,991,925 590.326,050 461,547,275 612,196,075

3,818, 586,900 3,847,392,150 3,136,989, 575

$43,219, 49,493, 74,154,

140,469, 208,077, 268, 670, 268,932, 257,491, 251, 541, 252,027, 256,652, 254,566, 258,506, 265,521, 270, 790, 273,914, 272,361, 270,188, 276,013, 284,398, 286.064, 288,861, 298,211. 306.098. 312.164, 317.580, 320,102, 326,471, 350,743. 356, 931, 373.424,

123,375 588,731 457,607 083,742 255,051 763,468 355,302 416,060 571,385 712,585 133,429 629,670 598,138 736,381 304,616 849,696 216,449 322, 086 439,621 474,090 964,324 862, 530 767,263 500,044 173,634 860,048 220,952 121,213 157,082 623, 789 826, 663

1 Inc ludes deb t incurred to finance expendi tures of G o v e m m e n t corporations and other agencies in ex­change for which securities of t h e corporations a n d activities were issued to t h e Treasury (see table 105).

2 He ld outs ide t he T reasu ry . 3 A s u p i m a r y of legislation on deb t l imi ta t ion u n d e r t h e Second L ibe r ty B o n d Act , as amended , from

Sept . 24,1917, t h rough J u n e 30,1967, is shown in tab le 31. Securities held outs ide t he Treasury are included in t he l imi ta t ion beginning A p r . 3, 1945. I n comput ing s t a tu to ry deb t l imi ta t ion , savhigs bonds are carried a t m a t u r i t y va lue from thei r origin in 1935 u n t i l J u n e 26, 1946; from t h a t da te t hey are carried a t cu r r en t r edempt ion v a l u e .

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TABLE 22.—Public debt outstanding by classification, June 30, 1960-70

[In mi lhons of dollars. On basis of dai ly Treasu ry s ta te raents , see " B a s e s of Tab les" ]

O O

Class 1960 1963 1964 1969 1970

Interest-bearing: P u b h c issues:

Marketable : T rea su ry bills:

Regular weekly 25,903 Tax ant ic ipat ion O t h e r . . . 7,512

Certfficates of indebtedness (regular) 17,650 Treasu ry notes 51,483 Treasu ry bonds 81,247 P a n a r a a Cana l bonds 50 .

26,914 1,503 8,307

13,338 56,257

32, 225 1,802 . 8,009

13,547 65,464 75, 025

37,729 39,730 43,659 42,922 45,827

9,501 22,169 52,145 81, 964

11, 010

67,284 88,461

10, 005 12,008 1,652

52, 549 50,649 102,481 101.897

49,432

'is.'oos'

68,356

12,708 5,610

49,108 71,073 97,418 91,079

78,946 78.805

170

Nonraarke tab le : Certfficates of indebtedness:

Foreign currency series Foreign series

Treasu ry cert if icates. , Deposi ta ry bonds . T reasury bonds :

Foreign currency series Foreign series I n v e s t m e n t series R E A series 4% Treasu ry bonds

Treasu ry bonds T rea su ry notes :

Foreign currency series Foreign series.

U . S . savings notes , U . S . re t i rement p l an bonds U . S . savings bonds 47,544

138

2 25 465

2 103

8 604

6,783 5.830 19

4,727 25

3,921 27

150 338

47, 514 47,607 (*)

48,314 5

49,299 11

50,043 16

50, 537

186 1,892 7,289

170 1,608 8,604

210 1,236 9,899

80 1.056

11,263

73 986

12.432

70 1,002

13,465

41 2,626

12,480 4,101

11,426 5,457

10,169 8,192 9,115

50

74,396 1.758

93,489 62,956

T o t a l marke t ab l e issues 183,845 187,148 196,072 203,508 206.489 208,695 209,127 210.672 226,692 226,107 232,599

3 30 . 240

18 103

10 802

3.546 25 20

778 95 59

11 1.137 204

3.256 26 9

*368 305

93 44

12 589 . . 174

2.692 23 4 . .

6 431 275 48 45

144 2.589

26

8 217 893

30 30

114 2,516

23

7 390 287

6 28

84 2,459

21

8150 961 785 25

54 2.387

15

75

13 460 14 1, 523 131.978 i61, 216 205 994 1,332 2,374

1 203 505 742 21 27 33 39

51,213 51,712 51,711 51,281

To ta l nonmarke tab le issues 54,497 53,481 63,431 53,645 54,240 55,768 55,183 55.459 58,282 58,833 60,103

T o t a l publ ic i s s u e s . . . 238,342 240,629 249,503 257,153 260,729 264,463 264,311 266,131 284,874 284,940 292,702

Special issues: Civil service re t i rement fund:

Certfficates Notes Bonds

Employees ' hfe insurance fund Exchange Stabil ization F u n d certfficates Expor t - Impor t B a n k of Washington certfficates

11,033 7.847

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Federal Deposit Insmance Corporation notes 694 556 500 260 270 312 57 86 174 120 74 Federal disability insurance trust fund:

Certificates.- 56 34 1 6 Notes 487 464 336 84 1 158 384 900 2,051 3,443 Bonds... . 1,474 1,801 1,967 2,076 1,901 1,563 992 992 992 992 992

Federal home loan banks: Certfficates : 59 60 74 372 82 100 924 52 152 52 199

Federal hospital insurance trust fund: Certfficates 52 16 Notes 733 1,176 1,259 1,890 2,583

Federal Housing Administration notes: Apartment unit insmance fund 1 1 (*) (*) Armed services housing mortgage insurance fund. (*) 26 10 14 14 3 Experimental housing insurance fund 1 1 . 1 ,1

. Housing insurance fund 4 4 4 1 2 4 Housing investment insurance fund (*) (*) (*) (*) (*) (*) . -. Mutual mortgage insm'ance fund 15 15 16 10 10 96 National defense housing insurance fund. 1 (*) (*) (*) (*) (*) Section 203 home improvement account I l l 1 Ui Section 220 home improvement account I l l 1 . . H^ Section 220 housing insurance fund 1 1 1 2 2 1 > Section 221 housing insm'ance fund.. . 1 ....• f Servicemen's mortgage insurance fund 1 2 2 2 2 10 j/j Title I housing insurance fund. l l l l l 1 f-3 Title I insm-ance fund 23 23 23 14 9 1 1 . . . . . . Jz< War housing insurance fund 6 15 10 8 8 6 ^

Federal old-age and survivors insm'ance trust fund: {H Certfficates 270 441 1.080 141 940 ^ Notes 2,428 1,387 257 598 1,032 2,820 5,316 7,638 10,402 15,139 •> Bonds.. . . 13,716 14,372 13,737 14,221 14,201 14,088 11,584 11,584 11,584 11,584 10,800 hJ

Federal Savings and Loan Insurance Corporation: ^ Certfficates. - - - 36 73 80 H Notes 104 138 182 98 332 287 223 3 ^

Federal supplementary medical insurance trust fund: . O Certfficates.... 32 \-\ Notes 447 281 358 13 y

Foreign service retirement fund certfficates 29 32 37 38 39 40 42 42 42 47 51 Government life.insurance fund: .. .

Certfficates 1 7 Notes.. 295 222 142 74 1 78 78 142 175 205 Bonds... 811. . 849. . 879 929 955 933 860 .736 734 667 592

Highway trust fund certfficates 1 234 436 678 609 265 238 722 978 1,513 2,602 National service life insurance fund:

Certfficates 8 1 8 14 Notes . . . . 1,547 1,168 782 395 8 28 613 606 918 1,203 1,752 Bonds.... -. 4,248 4,591 5,021 5,319 6,775 6,873 5,486 5,138 4,937 4,551 4,164

Postal Savings System notes.. 26 RaUroad retirement account:

Certfficates 119 208 218 67 Notes 3,586 3.504 3,316 2,786 686 450 593 976 1,220 1,553 2,387 Bonds.. .- 2,164 2,465 2,465 2,280 2,063 1,874 1,344

Railroad retirement holding account certificates 4 5 2 2 ' ^

Footnotes at end of table; ^

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GO

TABLE 22.—Public debt outstanding hy classification, June 30, 1960-70—Continued ^

Class

In te res t -bear ing—Contmued Special i ssues—Cont inued

Ra i l road r e t h e m e n t s u p p l e m e n t a r y a c c o u n t certificates Unemplo j rment t rus t fund certificates - . . . . . . . . Ve te rans ' special t e rm insurance fund certiflcates Ve t e r ans ' r eopened insm-ance fund

T o t a l special i s s u e s - .

T o t a l mterest -bear ing deb t .

Ma tu red deb t on wh ich in te res t has ceased . .

D e b t bear ing no in teres t : Special notes of t h e U n i t e d Sta tes :

In t e rna t iona l Mone ta ry F u n d series In t e rna t iona l Deve lopmen t Association series In te r -Amer ican Deve lopmen t B a n k series

Special bonds of t h e U n i t e d Sta tes : U . N . Chi ldren ' s F n n d Series . , U . N . Special F u n d Series U . N . / F A O World Food Program Series . .

Mortgage G u a r a n t y Insurance C o m p a n y tax and loss b o n d s . _ . U . S . savings s ta raps i Excess profits tax refund b o n d s . U .S . notes (less gold reserve th rough 1967) is Deposi t s for re t i rement of nat ional b a n k and Federa i Reserve

b a n k n o t e s Other deb t bearing no interest

T o t a l deb t bearing no interest

T o t a l gross publ ic deb t 20

1960

6,580 85

44,899

283, 241

445

2,238

53 1

191

157 6

2,646

286,331

1961

4,625 106

45,043

285,672

349

2.496 68

52 1

191

147 6

2,950

288,971

1962

4,657 88

44,939

294,442

438

2,667 115 55

63 1

191

139 19 101

3,321

298,201

1963

4,803 101

44,801

301,954

310

2,922 129 125

54 1

191

116 69

3,696

305,860

1964

4,931 123

46, 627

307,357

296

3,289 142 160

8 . 56

2

64 1

191

no 58

4,061

311,713

1966

6,799 149

3

48,650

313,113

292

3,167 138 150

75 2 .

55 1

167

91 23

3,869

317, 274

1966

7,075 170

19

51,120

316,431

308

3,614 64 .

132 .

38

56 1

166

86 11

4,168

319, 907

1967

11 7,785

189 53

66,155

322, 286

284

3,328

6 .

67 1

166

82 11

3,651

326, 221

1968

15 8,807

214 87

59,526

344,400

254

2,209

4 " 59

1 323

80 249

2,924

347,678

1969

5 9,957

243 122

66,790

351,729

461

825

9 " 62

1 323

78 234

1,530

353,720

1970

18 10, 520

267 156

76,323

369,026

366

825

is 68

1 323

76 231

1,627

370,919

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* Less than $500,000. 1 DoUar equivalent of certfficates issued and payable in the amount of 46,500,000,000

Italian lire. 2 Dollar equivalent of certfficates issued and payable in the amount of 110,000,000

Swiss francs. 3 DoUar equivalent of certfficates issued and payable in the amount of 130,000,000

Swiss francs. * DoUar equivalent of certfficates issued and payable in the amount of 800,000,000

Deutsche marks and 727,000,000 Swiss francs. 6 DoUar equivalent of certificates issued and payable in the amount of 800,000,000

Deutsche marks, 885,000,000 Swiss francs, and 650,000,000 Austrian schiUings. 8 DoUar equivalent of certfficates issued and payable in the amount of 440,000,000

Swiss francs. I DoUar equivalent of certfficates issued and payable in the amount of 1,685,000,000

Swiss francs. 8 Dollar equivalent of certfficates issued and payable in the amount of 645,000,000

Swiss francs. 8 DoUar equivalent of Treasury bonds issued and payable in the amount of

124,050,000,000 Italian Ihe, 647,000,000 Swiss francs, 800,000,000 Deutsche marks, 650,000,-000 Austrian schiUings, and 1,500,000,000 Belgian francs.

10 DoUar equivalent of Treasury bonds issued and payable in the amount of 1,057,000,-000 Swiss francs, 1,900,000,000.Deutsche marks, 1,300,000,000 Austrian schillings, and 1,500,000,000 Belgian francs.

II Dollar equivalent of Treasury bonds issued and payable in the amount of 1,412,000,-000 Swiss francs,2, 700,000,000 Deutsche marks, 2,600,000,000 Austrian schiUings, and 1,500,000,000 Belgian francs.

12 DoUar equivalent of Treasury bonds issued and payable in the amouut of 685,000,000

Swiss francs, 800,000,000 Deutsche marks, 1,960,000,000 Austrian schilUngs, 1,600,000,000 Belgian francs, and 78,000,000,000 Italian lire.

13 DoUar equivalent of Treasury notes issued and payable in the amount of 687,000,000 Swiss francs, 600,000,000 Deutsche marks, 650,000,000 Austrian schUlings, and 78,000,000,-000 Italian lire.

1* DoUar equivalent of Treasury notes issued and payable in the amount of 1,217,-000,000 Swiss francs, 700,000,000 Deutsche marks, 650,000,000 Austrian schiUings, 3,000,-000,000 Belgian francs, and 78,000,000,000 Itahan Ihre.

16 DoUar equivalent of Treasury notes issued and payable in the amount of 1,627,-000,000 Swiss francs, 5,300,000,000 Deutsche marks, 1,300,000,000 Austrian schillings, and 140,500,000,000 Italian Ihre.

16 DoUar equivalent of Treasury notes issued and payable in the amount of 2,331,000,-000 Swiss francs, and 2,500,000.000 Deutsche marks.

17 On Oct. 1,1942. they replaced postal savings stamps which had been Postal Savings System's obligations.

18 Gold reserves requhements eliminated pursuant to Public Law 90-269, approved Mar. 18,1968.

19 Includes $95,656,198 of old series cmrency which by authority of the Old Series Currency Adjustment Act, approved June 30,1961 (31 U.S.C. 912-916), was transferred to debt bearing no interest.

20 Includes certain securities not subject to statutory limitation. Includes public debt incurred to finance expenditures of whoUy owned Govermnent corporations and other business-type activities in exchange for which secm-ities of the corporations and activities were issued to the Treasury; see table 105.

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 1955-58, see 1965 annual report, page 557. Composition of the public debt 1916-45, is shown in the 1947 annual report, p. 361. For reconcUiation with public debt accounts for 1970, see table 26.

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T A B L E 23.—Securities issued hy Government agencies subject to statutory debt limitation, J u n e 30, 1960-70 g

[Face amount, in thousands of dollars. On basis of daUy Treasury statements, see " Bases of Tables"] Q fel

Issuing agency 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 ^ _ : fd

UNMATURED DEBT O

Districtof Columbia Armory Board stadium bonds 476 19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 19,800 hrj Federal Housing Administration debentures:

Mutual mortgage insurance fund 11,411 25,389 194,716 328,062 499,018 333,523 133,402 73,658 43,643 26,154 14,753 i^ Cooperative management housing insurance fund - _ 1,636 7,524 15,496 15,523 15,641 jn General insurance fund: H

General insurance 142,426 279,009 369,715 424,615 388,770 Armed services housing mortgage insurance fund 19,368 62,420 47,277 16,001 5,691 2,576 1,714 1,695 291 288 286 i^ Housing insurance fund. 9,232 23,406 35,299 63,445 89,942 76,723 57,583 49,173 43,552 40,570 34,165 ^ National defense housing insurance fund 71,737 75,393 92,551 98,124 79,354 71,965 46,400 29,090 27,272 24,228 21,048 fej Section 203 horae iraproveraent account 2 6 (*) > Section 220 housing insurance fund 10 66 9,360 27,647 23,514 19,672 19,672 19,672 19,672 19,672 CQ Section 221 housing insurance fund 217 4,780 23,353 36,558 55,836 31,566 12.284 12,191 12,118 11,635 11,568 d Servicemen's mortgage hisurance fund 680 1,673 12,609 22,746 31,111 22,886 19,858 15,416 12,709 11,110 9,884 W Title I housing insurance fund 411 186 633 523 254 373 319 223 163 155 152 H War housing insurance fund 25,762 26,647 17,385 10,869 3,720 6,970 5,381 4,339 3,788 2,938 908

Total unmatured debt 139,305 239,694 443,688 605,490 812,272 588,900 460,474 511,789 568,220 596,688 536,646

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MATURED DEBTI

Federal Farm Mortgage Corporation _ 193 174 Federal Housing Administration- 12 25 Home Owners' Loan Coi-poration 331 323

Total matured debt 2 537 521

Total 2. _ 139,842 240,215

* Less than $500. 1 Funds are on deposit with the Treasurer of the United States for payment of these

securities.

170 67

303

530

444,219

161 669 291

1,121

606,610

144 299 276

720

812,992

133 1,025 268

1,426

590,326

124 682 266

1,073

461,547

120 35 252

407

512,196

109 7

249

366

568.586

107 8

237

352

597,040

105 7

232

344

536,990

2 Consists of prhiclpal only.

NOTE.—For figmes for 1946-58 see 1958 annual report, p. 474; and for 1959, see 1969 annual report, pp. 70 and 71. For secmities held by the Treasury, see table 105.

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TABLE 24.—Interest-hearing securities issued hy Federal agencies, fiscal years 1954-70 [In thousands 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 Expend i tu re s of the U n i t e d Sta tes G o v e r n m e n t " ]

Agr icul ture D e p a r t m e n t

Defense D e p a r t m e n t

Hous ing and U r b a n Deve lopmen t D e p a r t m e n t Other i ndependen t agencies

Fiscal year or m o n t h T o t a l C o m m o d i t y Credi t

Corpora t ion

F a m i l y hous ing

mortgages a n d homeowners

assistance mortgages

Fede ra l Hous ing

A d m i n s t r a ­t ion

G o v e r n m e n t Na t iona l Mortgage Association i

Pa r t i c ipa t ion sales fund Other

Fede ra l N a t i o n a l Mortgage

Associat ion 2

Secondary m a r k e t

opera t ions

Expor t -I m p o r t

B a n k of t h e Un i t ed Sta tes

F a r m Cred i t Admin is t ra t ion

B a n k s for Federa l cooperatives 3 in te rmedia te

credi t b a n k s 3

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137,600 744,375 M 131,400 813,310 S 152,550 856,996 ^ 192,506 958,495 r^ 207,480 1,183.395 fej 314,535 1,489,276 Q 344,375 1,632.280 ^ 387,000 1,753,525 fel 467,275 1,903,070 i^ 469,425 2,172,790 > 524,825 2,369,315 ?d 708,960 2,528,680 «! 880,850 2,892.825

1,071.628 3.362,575 O 1,229,515 3,778,680 ^

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1954 963, 1955 1,659, 1956 1.753, 1967 2,893, 1968 3,967, 1959 5,040, 1960 6,769, 1961 6,477. 1962 7,927. 1963 8,123. 1964 8.631. 1965 9,335, 1966 13,376, 1967 18,455, 1968 24,399, 1969 14,249, 1970 12,509, 1969—July 15,572,

Augus t 14,743, Sep tember 14,099, Oc tober . 14,052, Noverabe r 13,904, December 13,819,

1970—January 13,755, F e b r u a r y 12,966. M a r c h . . . . 12,986, Apr i l 12,947, May 12,669, J u n e 12,509,

466 80,416 . 272 43,258 . 861 73,101 . 571 14,907 106,434 . 633 - 606,425 100,565 . 085 1,037.728 110,429 . 553 1,571,613 138,841 . 251 1,867.347 219,919. 357 2,129,942 423,946 . 100 2,268,448 586,358. 287 2,238,252 792,771 . 416 2,182,620 570,087 757 2,111,939 441,357 327 2,035,591 492,024 459 1,951,453 548,427 053 1,863,238 576,896 703 1,775,242 616,853 160 1,442,645 1,863,745 581,084 167 627,386 1,853,257 579,531 964 565,328 1,844,547 577,374 523 463,135 1,838,050 676,985 758 387,569 1,824.096 57.3,7.53 815 342.419 1.816,978 672,282 433 277,973 1,810,501 574,749 329 226,009 1,804,053 551,031 927 196,722 1,796,853 625,229 660 186,176 1,790,639 623,042 888 170,640 1,783,765 518,804 703 1,775,242 616,853

670, 374 . 570, 374 570,374 803,785 797,365 797, 359

26 5

300,000 . 2,110,000 . 4,830,000 . 7,900,000 . 8,600,000 . 7,320,000 . 8,530,000 . 8,565,000 . 8,115,000 . 8,115,000 . 8,085,000 . 8,060,000 . 8,060,000 . 7,410,000 . 7,410,000 . 7,390,000 . 7, 390, 000 . 7, 320, 000 .

100,000 . 1,050,110 . 1,165,185 . 1,290,125 . 2,284,542 . 2,198,920 . 2,557, 630 1, 960, 612 1, 698,902 1,797,494 3, 269, 379 4, 079,103 5,887,062

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Fiscal year or m o n t h

Other independen t agencies—C ont inued

Federa l Tennessee H o m e L o a n Valley B a n k B o a r d A u t h o r i t y

Other

Meraorandum

B a n k s for cooperatives 3

Federa l h o m e loan b a n k s

Federal in te rmedia te credit banks 3

Federal l a n d banks

Federa l Nat iona l Mortgage

Association 2

Dis t r ic t of Co lumbia

s t a d i u m fund

1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969.. 1970 1969—July

Augus t Sep te rabe r . October N o v e m b e r . D e c e m b e r . .

1970—January F e b r u a r y . . March Apr i l May J u n e

692 597 536 481 457 414 349 340 50,000 319 145,000 306 145,000 291 180,000 279 225,000 277 285,000 263 417,200

5, 693 525,000 6, 098 727, 655 5, 876 996, 000 6, 098 734,750 6, 098 743, 950 6, 097 745,000 6, 097 830,560 6, 097 822,635 5, 879 826,195 5, 878 835,035 5,878 805,250 5, 878 905,000 5, 878 905,730 6, 878 905.000 5, 876 996. 000

383 333 295 265 240 214 193 174 170 161 144 133 125

3,328 3,196 3.068 1, 410. 815 2, 934 1. 528,740 3, 046 1, 406. 290 3, 034 1,445,316 3,023 1,439.885 3.013 1,449,080 3,002 1.466,650 2,991 1,492,220 2,980 1,529,105 2,969 1,596,476 2.958 1,595.150 2, 946 1,614,500 2,934 1,558,896 2.934 1,528,740

115,100 335,500 928,240 733,300 455,000 992,425 254.965 054,575 796,835 770,150 201.320 757.135 309,805 587,900 701,750 524,080 4,240.085 913, 506 4,942,340 042, 990 4, 373,420 585,570 4,838,725 093.370 4.419,535 699,655 4, 254,465 204.965 4, 223.195 423, 370 4,180, 030 841,095 4,226,065 217,335 4,379,495 846,735 4,486,150 012.605 4.656,115 952,104 4,804,500 913, 506 4. 942,340

1,007,559 1,060,742 1,321,674 1,551,862 1,646,821 1,888,473 2,138,300 476 2,358,413 19,800 Ui 2,550,719 19.800 H 2,725,204 19,800 > 2.973,526 19,800 g 3,532,441 19,800 5Q 4,105,926 19,800 1^ 4,611,970 19,800 J: 5,319,421 19.800 g 5,719,697 8,076,480 19,800 w

6,191,803 13,165,225 19,800 5,875,285 8,092,435 19,800 > 5.870,915 8,360,000 19,800 i j 5,946,362 8.815,175 19,800 hj 5,959,290 9,756,455 19,800 fel 6,953,345 10,205,215 19.800 Izj 5,952,458 10,511,286 19,800 O 5,955,442 10,717,450 19,800 M 6,073,850 11,659,710 19,800 1^ 6,039,824 12,227,310 19,800 6,137,274 12,411,326 19,800 6,125,716 12,606,050 19,800 6,191,803 13,166,225 19,800

N O T E . — I n c l u d e s u m e d e e m e d m a t u r e d securities ou t s t andh lg on wh ich in teres t has ceased.

1 T h i s association w a s created eflective Sept . 30, 1968, b y an act approved A u g . 1, 1968 (12 U . S . C . 1716b). I t assumed the assets and liabilities of t h e par t ic ipa t ion sales fund, t he m a n a g e m e n t and l iqu ida t ing functions fund, a n d t h e special assistance functions fund formerly of t h e Federa l Na t iona l Mortgage Association a n d cont inues to operate these funds .

2 Eflective Sept . 30, 1968, Federa l Na t iona l Mortgage Association w a s conver ted to p r iva t e ownership p m s u a n t to an act approved Aug . 1, 1968 (12 U . S . C . 1716b).

8 Effective Dec . 31, 1968, b a n k s for cooperatives and Federa l i n t e rmed ia t e credi t b a n k s were conver ted to p r iva te ownership p u r s u a n t to an act approved Oc t . 17,1968 (12 U . S . C . 1061(a)(1)).

CO

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74 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 25.-—Maturity distrihution and average length of marketable interest-bearing puhlic debt, June 30, 1946-70

[Dollar amoun t s in miUions. O n basis of daUy Treasu ry s ta tements]

Fiscal year Within lyear

I t o 6 years

6 to 10 years

10 to 15 years

15 to 20 years

20 years and over

Total Average length Years Months

B y call classes (due or first becoming callable)

1946 $62,091 $35,057 $32,847 $16,012 $21,227 $22,372 $189,606 7 4 1947 62,442 42,622 18,932 13,326 27,076 14,405 168,702 7 5 1948 49,870 46,124 10,464 12,407 41,481 160,346 7 1 1949 62,302 39,175 15,067 13,715 34,888 155,147 6 7 1950 42,448 61,802 15.926 19,281 25,853 155,310 6 2 1951 60,860 31,022 16,012 21,226 8,797 137,917 4 10 1952 70,944 29,434 13,321 20,114 6,594 140,407 4 1 1953 76,017 30,162 13,018 26,546 1,592 147,335 3 11 1954 63,291 38,407 27,113 19,937 1,606 150,354 4 : 3 1955 51,152 46,399 42,755 11,371 3,530 155,206 4 7 1956 64,910 36,942 40,363 8,387 4,351 154,953 4 2 1957 76,697 41,497 26,673 6,488 4,349 155,705 3 7 1958 73,050 39,401 45,705 657 2,258 6,604 166,675 4 2 1959 81,678 68,256 28,075 1,276 2,256 6,485 178,027 3 8 1960 79,182 81,296 14,173 1,123 2,484 5,588 183,845 3 5 1961 84,855 70,760 18,391 1,123 3,125 8,893 187,148 3 9 1962 89,905. 67,759 18,655 1,641 4,956 13,157 196,072 4 4 1963 91,202 68,580 20,522 4,304 4,525 13,975 203,508 4 7 1964 92,272 66,954 22.580 5,048 4,524 15,111 206,489 4 6 1965 99,792 51,377 33,053 4,192 3,040 17,241 208,695 4 9 1966 100,951 55,010 28,922 6,097 1,125 17,023 209,127 4 5 1967 105,837 69,824 21,006 6,087 1,121 16,797 210,672 4 1 1968 118,220 52,657 33,538 4.509 5,180 12,487 226,592 3 9 1969 110,921 55,759 37,610 4,505 6,720 10,594 226,107 3 9 1970 111,293 85,065 17,428 2.985 10,395 5,433 232,599 3 5

B y m a t u r i t y classes 2

1946 $61,974 $24,763 $41,807 $8,707 $8,754 $43,599 $189,606 9 1 1947 51,211: 21.851 36.662 13,009 5,588 41,481 168,702 9 5 1948 48,742 21,630 32,264 14,111 2,118 41,481 160,346 9 2 1949 48,130 32,562 16,746 14,111 8,710 34,888 155.147 8 9 1950 42,338 61,292 7,792 10,289 17,746 25,853 155,310 8 2 1951 43,908 46,526 8,707 8,754 21,226 8,797 137,917 6 7 1952 46,367 47,814 13,933 5,586 20,114 6,594 140,407 5 8 1953 65,270 36,161 15,651 2,117 26,546 1,592 147,335 5 4 1954 62.734 29,866 27,615 8,696 19,937 1,606 150,354 5 6 1955 49,703 39,107 34,253 17,242 11,371 3,530 155,206 5 10 1956 68,714 34,401 28,908 20,192 8,387 4,351 154,953 5 4 1957 71,952 40,669 12.328 19,919 6,488 4,349 155,705 4 9 1958 67,782 42,557 21,476 26,999 654 7,208 166,675 5 3 1959 72,958 58,304 17,052 20,971 654 8,088 178,027 4 7 1960 70,467 72,844 20,246 11,746 884 7,658 183,845 4 4 1961 81,120 58,400 26,435 8,706 1,527 10,960 187,148 4 6 1962 88,442 57,041 26,049 6,957 3,362 15,221 196,072 4 11 1963 85,294 58,026 37,385 2,244 6,115 14,444 203,508 5 1 1964 81,424 65,453 34,929 2,244 6,110 16,328 206,489 5 0 1965 87,637 56,198 39,169 2,609 5,841 17,241 208,695 5 4 1966 89,136 60,933 33,596 4,518 3,922 17,023 209,127 4 11 1967 89,648 71,424 24,378 4,514 3,912 16,797 210,672 4 7 1968 106,407 64,470 30,754 6,078 2,330 16,553 226,592 4 2 1969. 103,910 62,770 34,837 6,063 2,311 16,217 226,107 4 0 1970 105,530 89,015 15,882 5,745 4,780 11,048 232,599 3 8

1 Includes publ ic deb t Incurred to finance expendi tures of whol ly owned Gove rnmen t corporations and other business-type activities in exchange for which securities of the corporations and activities were issued to the Treasury .

2 All issues are classified to final 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 caUed on Aug. 14, 1962, for redempt ion on Dec . 15,1962.

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STATISTICAL APPENDIX 7 5

TABLE 26.—Summary of the public debt on an accounting basis, June 30, 1970

Classification

Com­puted rate of

interest i

Amount out­standing on

basis of daUy Treasury statement

Transactions in transit

as of June 30, 1970 .

Amount out­standing

on basis of pubhc debt

accounts

PUBLIC D E B T

INTEREST-BEARING DEBT

Pubhc issues: Marketable:

Treasury bills: Percent Regular weekly 27.229 $56,472,090,000 Regular monthly 27.797 17.923,698,000 Tax anticipation. 2 g. 463 1,755,200,000 .

Treasury notes 6.420 93,489,233,000 Treasury bonds 3.762 62,955,985,150

$120,000 $56,472,210,000 130,000 17, 923,828,000

1,758,200,000 11, 500,000 93, 600,733,000

-8,778,300 62,947,206,850

Subtotal. 6. 986 232,599,206,150

Nonmarketable: Certificate of indebtedness:

Foreign series Foreign currency series

Treasury notes: Foreign series Foreign currency series

Treasury bonds, foreign series Treasury bonds Treasury certificates. U.S. savingsbonds.. U.S. savings notes U.S. retirement plan bonds Depositary bonds Treasury bonds, REA series Treasury bonds, investment series.

Subtotal

Total pubhc issues..

Special Issues: CivU service retirement fund Employees life insurance fund Federal Deposit Insm-ance Corp Federal disabUity insurance trust fund Federal home loan banks Federal hospital insurance trust fund Federal old-age and survivors insurance

trustfund Federal Savings and Loan Insurance Corp. Federal supplementary medical insurance

trustfund Foreign service retirement fund Government life insurance fund Highway trust fund. National service life insurance fund Railroad retirement account. Raihoad retheraent holding account Raihoad retirement suppleraental account Unemployraent trust fund.. Veterans' reopened insurance fund Veterans' special tei-ra insurance fund

Subtotal

5.058 7.130

6.739 4.726 4.033 6.000 4.111 5.612 7.750 7.750 5.500 6.875 4.458

Total interest-bearing debt

Matured debt on which interest has ceased.

DEBT BEARING NO INTEREST

International Monetary Fund.. Other

2,971,700 232,602,177,850

6.284 8.095

7.216 5.972 4.250 3.500 3.511 4.187 4.948 3.993 2.000 2.000 2.750

961,017,399 149,759, 759

2,374,029,164 1,215,859,379

53, 929, 534 75,000,000 785,357,175

51,280, 955, 777 741, 556, 066 39,279,630 25,244,000 14,655,000

2,386, 582,000

-315 , 560 -27,075,317

-142.176

961,017,399 149,759,759

2,374,029,164 1,215,859,379

53,929,534 75,000,000

785, 357,175 51,280,640,217

714,480,749 39,137,456 25,244,000 14,655,000

2. 750

4. 327

5. 642

2,386, 582,000

60,103,224,883

292,702,431,033

-62,000

-27,595,052

-24,623,352

2,386,520,000

60,075,629,832

292, 677,807,682

5.169 7.130 7.130 5.975 7.130 6.435

18,879,787,000 60,000,000 73,941,000

4,434,860,000 199,000,000

2, 583,322,000

25,939,355,000 . 80,181,000 .

13,417,000 . 51,024,000 .

796,743,000 . 2,601,737,000 . 5,915,145,000 . 3,731, 752,000 .

1,923,000 . 17,671,000 .

10,519,939,000 . 156,422,000 . 266,872,000 .

18,879,787,000 60,000,000 73,941,000

4,434,860,000 199,000,000

2, 583,322,000

25,939,355,000 80,181,000

13,417,000 51,024,000

796,743,000 2,601,737,000 5, 915,145,000 3,731,752,000

1, 923,000 17,671,000

10, 519,939,000 156,422,000 266,872,000

5. 235

5. 557

76,323,091,000 ..

369,025,522,033

76,323,091,000

-24,623, 352 369, 000,898, 682

365,990,460 - 4 5 , 235,301

825,000,000 . 702,194,456 -843,806

320,755,159

825,000,000 701,350,650

Total gross p u b l i c d e b t . 370.918,706,950 - 70,702,459 370,848,004,491

1 On daUy Treasury stateraent basis. 2 Included in debt outstanding at face araount, but the annual interest rate is computed on the discount

value.

409 -714—71-

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76 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 27.—Public debt securities outstanding on an accounting basis, June 30, 1954-70

[On basis of daUy Treasu ry s t a t emen t s and p u b h c deb t accounts]

PubUshed in Transac t ions Fiscal year daily T reasu ry in t ransi t T o t a l

s t a t ement s as of J u n e 30

1954 $271,259,599,108 —$37,518,610 $271,222,080,498 1955 -- 274,374,222,803 -15,973,392 274,358,249,410 1956 272.750,813,649 -22,425,470 272.728,388,179 1957 270,527,171,896 -34,337,735 270,492,834,161 1958 276,343,217,746 -52,446,379 276,290,771,367 1959 284,705,907,078 -27,383,115 284,678,523,963 1960 286,330,760,848 -63,068,909 286,267,691,939 1961 . . . . 288,970,938,610 -25,332,568 388,945,606,042 1962 298,200,8.2,721 -63,942,420 298,136,880,301 1963 305,859,632,996 -31,542,291 305,828,090,706 1964 311,712,899,257 -35,361,310 311,677,537,947 1965 317,273,898,984 -58,427,727 317,215,471,256 1966 319,907,087,795 -55,857,853 319,851,229,943 1967 326,220,937,795 -39,691,067 326,181,246,728 1968 347,578,406,426 -45,074,958 347,533,331,468 1969 353,720,253,841 -176,530,387 353,543,723,454 1970 370,918,706,950 -70,702,459 370,848,004,491

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Ti BLE 28.—Description of public debt issues outstanding June 30, 1970 [On basis of Public Debt accounts, see "Bases of Tables"]

Description Date When redeemable or payable i

Interest payment date

Average price received (per $100)

Amount issued Amount rethed Amount outstanding 2

INTEREST-BEARING DEBT « Public Issues

Marketable: Treasury biUs: Series maturing

and approximate yield to maturity (%): 3 e

Regular weekly: [8.101..

July 2, 1970 \ 16.329.. [7.991-.

July 9. 1970 L (.6.408.. [7.783..

July 16. 1970 \ [6.310.. [7.663..

July 23, 1970 \ 16.476.-7.776-.

July 30.1970 \ 16.876..

Regular monthly: f7.313..

July 31, 1970 I 17.244..

Regular weekly: [7.719-.

Aug. 6, 1970 \ [7.184.. [7.387..

Aug. 13,1970....-^ [6.994.. [6.917..

Aug. 20, 1970..:."^... . . . . 16.827.. [6.974..

Aug. 27, 1970....-^ [7.133..

Footnotes a t end of table.

Jan. 2, 1970..

Apr. 2, 1970. Jan. 8, 1970..

Apr. 9, 1970. Jan. 16, 1970.

Apr. 16. 1970. Jan. 22. 1970.

Apr. 23,1970. Jan. 29, 1970.

Apr. 30,1970

July 31, 1969.

Oct. 31,1969.

Feb. 5, 1970.

May 7, 1970.. Feb. 13. 1970.

May 14, 1970. Feb. 19, 1970.

May 21, 1970. Feb. 26, 1970.

May 28, 1970.

July 2, 1970..

July 9, 1970..

July 16.1970.

July 23, 1970.

July 30.1970.

•July 31, 1970.

-Aug. 6, 1970.

•Aug. 13, 1970.

Aug. 20, 1970.

Aug. 27, 1970.

Sold at a dis­count; payable at par on ma­turity.

$95,927 {ifehange.-98.400 Cash

95-960 {grehange.-98.380 Cash

96-065 {g^Sange.-98.405 Cash

96.125 {g^Sa^,ge: 98.363 Cash

96-069 {grcSange.-98.262 Cash

92.585 {Exchang'e.' 94 507 I Cash y4.ou/ {Exchange.

96-098 {gfehange.-98.184 Cash

96-286 {g^Sange.-98.232 Cash

8«-5«^ {Efchange--98.274 Cash

5««* {gfcSali-o: 98.197 Cash

203. 1,800, 900, 306,

1,801, 1,000, 204,

1,802, 949, 254,

1,802, 897, 302,

1.801,

426,000. 00 245,000. 00 270,000. 00 666,000. 00 694,000. 00 980,000.00 976.000. 00 348,000. 00 350.000. 00 544,000. 00 653,000. 00 700,000. 00 938,000. 00 457,000. 00 200,000. 00

851,023,000. 00 ] 351,040,000. 00 374.632,000. 00 125,622,000. 00

823,987, 378,632.

1,800,730, 897,950, 302,714,

1,802,030. 894.985. 302,600,

1,789,770, 949, 547, 351,228,

1,801,980.

000. 00 1 ; 000.00 , 000. 00 J 000. 00 000.00 000. 00 J 000. 00 ] 000.00 } 000. 00 J 000. 00 ] 000.00 > 000. 00 J

$3. 001.941.000. 00

3. 009,340.000. 00

3, 007, 674.000. 00

3.006, 897,000. 00

3. 001, 595, 000. 00

1,702,317.000. 00

3, 003.349, 000. 00

3. 002,694,000. 00

2,987,355, 000. 00

3,102.755, 000. 00

Ui

H-t

Ui J — I

O >

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T A B L E 28.—Description of public debt issues outstanding J u n e 30, 1970—Continued GO

Descript ion D a t e When redeemable or payable i

In teres t p a y m e n t da te

Average price received (per $100)

A m o u n t issued A m o u n t ret ired A r a o u n t ou t s tand ing 2

I N T E R E S T - B E A R I N G D E B T a—Continued

P u b l i c I ssues—Cont inued

Marketable—Cont inued Treasu ry bills: Series ma tu r ing

a n d approximate yield to m a t m i t y (%):3 e _ C o n .

Regular m o n t h l y : [7.340.

Aug . 31, 1970. . . .^ 17.777.

Regular weekly : [6.773.

Sept . 3, 1970 { [6.824.

Sept. 10, 1970....|^-5|^-Sept. 17, 1970.. . . |6-707.

T a x ant ic ipat ion: Sept. 22, 1970 6.177.

Regular weekly: Sept. 24, 1970... .(6.184.

16.626. Regular m o n t h l y :

[7.350.

Sept . 30,1970.. . . |7g-Qj; '

Regula r weekly : Oct. 1, 1970 6.392. Oct.8, 1970 6.456. Oct. 16, 1970 6.247. Oct. 22, 1970 6.494. Oct.29, 1970 7.253.

Regular m o n t h l y : [7.127.

Oct. 31, 1970 Wjii'

Aug . 31,1969.

Dec . 1 ,1969. .

Mar. 5, 1970. .

Aug . 31, 1970.

ySept. 3, 1970... . J u n e 4, 1970 ] . Mar. 12, 1970 \ o ^ . .Q .Q-Q . J u n e 11, 1970 }^®P^- • "' ^^^0" . Mar. 19, 1970 ) g , ,7 IQ^Q . J u n e 18, 1970 ] ^ ^ ^ ^ - • ' •^^^"--

. Mar. 26, 1970. Sept . 22, 1970..

. Mar. 26, 1970 \ o ^ . 04 1970

. J u n e 25, 1970 S^^"^^- ^ ' "^970..

. Sept . 30, 1969 l

. " D e c . 31, 1969 Sept. 30,1970..

Apr . 2, 1970. Oct. 1, 1970 . . Apr . 9, 1970 Oct. 8, 1970 . . Apr . 16, 1970- Oct . 15, 1970. Apr . 23, 1970. Oct. 22,1970. Apr . 30, 1970- Oct. 29,1970.

Oct. 31, 1969.

F e b . 2 ,1970 . . Oct. 31, 1970.

old at a discount; payable at par on matmity.

$92,558

94.102

96.576

98.275 96.598 98.285 96.609 98.298

96.911

96.874 98.325

92.548

94.084

96.769 96.737 96.842 96.717 96.333

92.774

94.185

(Cash (Exchange. Cash

(Cash (Exchange. Cash Cash Cash Cash Cash

Cash

Cash. Cash

(Cash (Exchange. (Cash 1 Exchange. Cash Cash Cash Cash Cash

(Cash (Exchange. (Cash (Exchange.

$864,451,000.00 ] 336,075.000.00 \ $1,701,192,000.00 500, 666.000. 00 j

326;928;Z§§ 1 - - 3,102,590,000.00 1,800,910,000. 00 ) 1,301,270,000.00) 3,104,310,000.00 1,803, 040,000. 00 j 1,303,370,000.00 ) 3,105,940,000.00 1,802,570,000.00 }

1,758,200,000.00 . 1,758,200,000.00

};I2?;??2;Z:S} - MOM^.OOO.OO 685,412, 000. 00 ] 319,852,000.00 I 1,605,392,000.00 383,396,000.00 ( 116,732,000. 00 J

1.301.180.000.00 1.301.180.000.00 1,304,990,000.00 1,304,990,000.00 1,300,850,000.00 1,300,850,000.00 1,302,550,000.00 1,302,550,000.00 1,301,230,000.00 1,301,230,000.00

692,170,000. 00 I 310,367,000.00 I . 1,504,368,000.00 301,015.000.00 f . ' . 200,816.000. 00 J

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o fel

W fel

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W fel

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Regular weekly : N o v . 5, 1970. . . N o v . 12, 1970.. N o \ . 19, 1970.. N o v . 27, 1970..

Regular m o n t h l y :

N o v . 30, 1970..

Regula r weekly: . Dec . 3, 1 9 7 0 . . . Dec . 10, 1970-. Dec . 17, 1970. . Dec . 24, 1970. .

Regular m o n t h l y :

Dec . 31, 1970. .

J a n . 31 .1971 . . .

F e b . 28 .1971 . .

Mar. 31 ,1971 . .

A p r . 30. 1971 . . May 31, 1971. . . J u n e 30. 1971 . .

T o t a l T r e

m y notes:^

. . . 7 . 4 9 3 . .

. . . 7 . 2 0 1 . .

. . . 6 . 9 9 6 . .

. . . 7 . 3 5 6 . .

[7 .591. .

•-|6.9'9"5V.'

. . . 6 . 8 5 8 . .

. . . 6 . 8 9 5 . .

. . . 6 .946 . -

. . . 6 . 9 2 9 . .

( 7.561.

[ 6. ioi. j 7.533.

1 6.843. J 6.932.

I 7. 353. . . ( 6.132-

1 7.068. . . 6.814. . . 7.277. . . 7.079.

asury biU

5% Series A-1970 (effective ra te 4.9412%).

May 7, 1970 May 14,1970. . . . May 21, 1970.. . . May 28, 1970.. . .

N o v . 3 0 , 1970.. .

Mar. 2, 1 9 7 0 . . . .

J u n e 4 , 1 9 7 0 . . . . J u n e 11, 1970 . . . J u n e 18, 1970 . . . J u n e 25, 1970 . . .

Dec . 31, 1969 . . .

Mar. 31, 1970 . . . J an . 31, 1970. . . .

Apr . 30, 1970 . . . F e b . 28, 1970 . . .

J u n e l , 1970 Mar. 31, 1970 . . . J u n e 30, 1970 . . . Apr . 30, 1970 . . . May 31, 1970.. . . J u n e 30, 1970 . . .

3

F e b . 15, 1966 . . .

. . . N o v . 5, 1970

. . . N o v . 12,1970

. . . N o v . 19,1970.

. . . N o v . 27,1970

INOV.30, 1970

. . . Dec . 3, 1970.

. . . Dec . 10, 1970

. . . Dec . 17, 1970

. . . Dec . 24,1970

1 p e c . 31, 1970

[ j a n . 31,1971

[Feb . 28, 1971

--JMar. 31, 1971 . . . Ap r . 30, 1971 . . . May 31, 1971 . . . J u n e 30,1971

. . . N o v . 16, 1970

Sold a t a dis­count ;

f a t par payab le on \

m a t u r i t y .

May 15-Nov. 1 5 . .

96.212 96.359 96.463 96.261

92.303

94.696

96.533 96.614 96.488 96.497

92. 334

93. 783

92. 362

94. 753

92. 971

94.445 93. 783 94. 620 93. 091 92. 622 92. 823

Cash Cash Cash C a s h .

(Cash (Exchange . (Cash (Exchange .

C a s h . Cash Cash Cash

(Cash (Exchange . Cash

(Cash (Exchange . Cash

(Cash (Exchange . Cash Cash Cash Cash C a s h . . . : . . Cash

. Exchange a t p a r . . . Exchange a t 100.25 Exchange a t 100.30 Exchange a t 100.45 Exchange a t 100.90

S u b t o t a l .

6M% Series D-1970 (effective May 15, 1969 Aug . 16,1970 F e b . 15-Aug. 1 5 . . . Exchange a t 99.95 ra te 6.4171%).

5 k % Series A-1971 (effective Aug . 15, 1966 May 15,1971. May 15-Nov. 15. ra te 5.2189%).

Exchange a t p a r . . Exchange a t 100.10 Exchange a t 100.35 Exchange a t 100.55

S u b t o t a l .

1,301,030,000.00 1,301,030,000.00 1,301,680,000.00 1,301,680,000.00 1,303,530,000.00 1,303,530,000.00 1,300,780,000.00 1,300,780,000.00

725, 732,000. 00 ] 275,467,000.00 1 1.601,273,000.00 349,717,000.00 [ 150,357, 000. 00 J

1,306,400,000.00 1,306,400,000.00 1,302,860,000.00 1,302,860,000.00 1,302,670,000.00 1,302,670,000.00 1,302,570,000.00 1,302,570,000.00

750, 037,000. 00 ] 252,026.000.00 } 1,502,463,000.00 500,400,000.00 J 2 669,865,000.00] g 333.181,000.00 } 1,503,356,000.00 | j 500,310, 000. 00 j M 941, 591,000. 00 ] 2 258,556,000.00 \ 1,700,107,000.00 H 499,960,000.00 | O

1,201,060,000.00) 1,701,620,000.00 > 500, 560,000. 00 j tT"

1,200,150,000.00 1,200,150.000.00 1,200,170,000.00 1,200,170,000.00 > 1,201,430,000.00 1,201,430,000.00 2

^ 76.154,238,000.00 76,154,238,000.00 S

2,839,566,000.00 5 1,230,048,000.00

657,054,500.00 2,624,688,000.00

324.230,500.00

7,675,487,000. 00 $1, 000. 00 7,675.486, 000. 00

2,329,388.000.00 2.329,388,000.00

2,577.696,500.00 517,352,000.00 583.842,000.00 586,140,500.00

4,265.031,000.00 4,265,031,000.00

Footnotes a t end of tab le . CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 28.—Description of puhlic debt issues outstanding June 30, 1970—Continued ^

Description Date When redeeraable Interest payraent Average price Amount issued Amount retired Amount or payable i date received (per $100) outstanding 2

— — — ^ — • C D

INTEREST-BEARING o DEBT a—Continued

PubUc Issues—Continued frj

Marketable—Continued O Treasury notes: f—Continued ^

5 ^ % Series B-1971 Nov. 15, 1966 Nov. 15, 1971 May 15-Nov. 15 . . . Par $1,667,779,000.00 UJ Exchange at par . . 66,338,000.00

O Subtotal ---- 1,734,117,000.00 $1,734,117,000.00 fel

5H% Series C-1971 (effective Aug. 30,1967 Feb. 15, 1971 Feb. 15-Aug. 15. . . 99.92 2,508,556,000.00 2,508,556,000.00 ^ rate 5 4006%) W

7M% Series D-1971 (effec- Aug. 15,1969.... ..do do Exchange at 99.90. 2,923,633,000.00 2,923,633,000.00 fel tive rate 7.8219%).

8% Series E-1971 (effective Oct. 1, 1969. May 15, 1971.. May 15-Nov. 15. . . Exchange at par . . 4,176,493,000.00 4,176,493,000.00 Ui rate 8.0165%). S

8K% Series F-1971 (effec- Feb. 15, 1970 Aug. 15, 1971 Feb. 15-Aug. 15 do 2,254,620,000.00 2,254,520,000.00 Q tive rate 8.2745%). 2

7M% Series G-1971 (effec- May 15,1970 Nov. 15,1971 May 15-Nov. 15 . . . 99.95... 10,714,243,000.00 10,714,243,000.00 g tive rate 7.7860%). S

4M% Series A-1972 (effec- Feb. 15, 1967. Feb. 15, 1972 Feb. 15-Aug. 15. . . 99.625 1,777,471,000.00 g tive rate 4.8353%). Exchange at 99.625. 228,158,000.00 ^

Subtotal- - - 2,005,629,000.00 2,005,629,000.00 Q 43^% Series B-1972 (effective May 15, 1967 May 15,1972 May 16-Nov. 15 . . . Exchange at par . . 3,506,342,000.00

^^47494%^) Exchange at 100.10. 445.706,000.00 J ' ' Exchange at 99.70. 308,233,000.00 hj

Exchange at 100.15. 836,698,000.00 H Exchange at 99.80. 213,135,000.00

Subtotal - 5,310,014,000.00 5,310,014,000.00 ^ 7M% Series A-1973 (effec- Oct. 1,1969.. May 15,1973 May 15-Nov. 16. . . Exchange at pa r . . 5,868,201,000.00 6,858,201,000.00 >

tive rate 7.9345%). CO 8>g% Series B-1973 (effective Feb. 15, 1970. Aug. 16, 1973 Feb. 15-Aug. 15 do 1,845,649.000.00 1,846,649,000.00 CJ

rate 8.1356%). ^ 5%% Series A-1974 . . . Nov. 15, 1967 Nov. 15,1974 May 15-Nov. 15 . . . Par 1.506,510,000.00.. >< u/4/o^« ea . Exchange at par . . 2,474,668,000.00

Subtotal - - - 3,981,078,000.00 3,981,078,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

65^% Series B-1974 (effective Aug. 16, 1968 Aug. 15,1974 Feb. 16-Aug. 15. . . 99.62. 5,414,039,000.00 . rate 6.7007%). Exchange at 99.62. 4,869,883,000.00

Subtotal 10,283,922,000.00 10,283,922,000.00

6^% Series A-1976 (effective Feb. 15, 1968 Feb. 15, 1976. Feb. 15-Aug. 15. . . Exchange at pa r . . 2.171,294.000.00 rate 6.7371%). Exchange at 99.40. 607,225,000.00

Exchange at 99.15. 1.107,439,000.00 Exchange at 99.85. 929,137,000.00 Exchangeat 98.85. 433,348,000.00

Subtotal _ 6,148,443,000.00 5,148,443,000.00

6% Series B-1975_. May 15, 1968 May 15,1975 May 15-Nov. 15. . . Exchange at par. _ 6,769,985,000.00 6,759,985,000.00 61^% Series A-1976 (effective Feb. 15, 1969 Feb. 15,1976. Feb. 15-Aug. 16.. . Exchange at 99.75. 3,738,758,000.00 3,738,768,000.00

rate 6.2947%) 63? % Series B-i976.. May 15, 1969 May 15, 1976....r.. May l&-Nov. 16.. . Exchange at p a r . . 2,697,016,000.00 2,697,016,000.00 Ui 7M% Series C-1976 (effective Oct. 1,1969. Aug. 15, 1976. Feb. 15-Aug. 16.. . Exchange at 99.60. 1,682,961,000.00 1,682,961,000.00 H

rate 7.6089%). > 8% Series A-1977 (effective Feb. 16, 1970 Feb. 15, 1977. do.. . Exchange at p a r . . 5,168,470,000.00 5,168,470,000.00 H

rate 8.0069%). Ui 13> % Series EO-1970. Oct. 1, 1965 Oct. 1, 1970. Apr. 1-Oct. 1. do 113,131,000.00 . . . 113,131,000.00 H 11^% Series EA-1971. Apr. 1, 1966 Apr. 1, 1971 do.. do 35,435,000.00 35,435,000.00 t | 1K%) Series EO-1971. Oct. 1, 1966. Oct. 1, 1971 do do 71,827,000.00 71,827,000.00 > li^% Series EA-1972. Apr. 1, 1967 Apr. 1, 1972 do do 33,951,000.00 33,961,000.00 f« 1K% Series EO-1972. Oct. 1, 1967. Oct. 1, 1972.. do.. do 33,217,000.00 33,217.000.00 1J^% Series EA-1973. Apr. 1.1968 Apr. 1. 1973 do do. 33,750.000.00 33,750,000.00 1M% Series EO-1973 Oct. 1,1968. Oct. 1 1973. do . . . . do 29,764,000.00.... 29,764,000.00 1>^% Series EA-1974_ Apr. 1, 1969 Apr. 1. 1974 do. . . . do 33,883.000.00 33,883,000.00 d 1J^% Series E0-1974. Oct. 1,1969 Oct. 1, 1974. do -....do 41,702,000.00 41,702,00000 g li^% Series EA-1975 Apr. 1,1970 Apr. 1, 1975 do . . .do 2,480,000.00 2,480,000.00 zJ

U

Treasury bonds: ^ 4% of 1970 (effective rate June 20, 1963 On Aug. 15, 1970.. Feb. and Aug. 15 . P a r . . . 1,905.811,000.00.

4.0773%). g Exchange at 99.05 . 972,382,000.00 . Exchange at 98.35 . 164,679,000. 00 . Exchange at 98.15". 211,391,000.00 . Exchange at 98.20 . 221,389,000.00 . Exchange at 100.25 653,688,000.00 .

Subtotal 4,129,240,000. 00 3, 500. 00 4,129,236, 500. 00

Footnotes at end of table.

O

^

Total Treasury notes. 93,500,734,000.00 $1,000.00 93,500,733.000.00 tt

00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 28.—Description of puhlic debt issues outstanding J u n e 30, 1970—Continued

(X)

to

Descript ion D a t e When 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 t e received (per $100)

A r a o u n t ou ts tanding 2

fel Hd O

O fel

fel

Ui fel O

fel y ^ > y<

o fej

W fel

s fel

> Ui

d

I N T E R E S T - B E A R I N G D E B T a—Continued

P u b l i c I ssues—Cont inued

Marke tab le—Cont inued T r e a s u r y bonds : f—Conthiued

2y2% of 1967-72 J u n e 1, 1945 On a n d after Dec . 15, 1970; on J u n e 15, 1972.4 5

On a n d after Dec . 15,1970; on Dec . 15, 1972.4 8

2 K % of 1966-71 D e c . l , 1944 On Mar. 16. 1971*.. Mar. and Sept . 15 . P a r . . 3,447,511,500.00 . Exchange a t p a r . . . 33,353,500.00

2 i^% of 1967-72 -. N o v . 15, 1946..

J u n e and Dec. 15 . . P a r $7,967,261,000.00

-do do 11,688,868.500.00

$6, 729, 700, 500. 00 $1, 237. 560, 500. 00

9,114, 990, 500. 00 2, 573,878, 000. 00

Subto ta l 3,480,865,000.00 2,261.283,000.00 1,219,582,000.00

2 i^% of 1967-72 Oc t .20 , 1941 O n a n d a f t e r Mar . a n d Sept . 15 . P a r . 2,527,073,950.00 . Mar. 15,1971; Exchange a t p a r . . . 188,971,200.00 . on Sept . 15, 1972.5

S u b t o t a l . . 2,716,045,150.00 764.902,300. 00 1,951,142,850. 00

4% of 1971 (effective r a t e Mar. 1.1962 On A u g . 1 5 , 1 9 7 1 . . F e b . and Aug . 16 . Exchange a t p a r . . . 1,154.257.500.00. 3.8499%). g E x c h a n g e a t 1 0 2 . . . 1,651,369,000.00

Subto ta l 2,805,626,500.00 8,000. 00 2,805,618, 500. 00

3J^% of 1971 (effective r a t e May 16, 1962 On N o v . 16 ,1971 . . May a n d N o v . 15. Exchange a t 99.50 . e 1,245.537.000. 00 . 3.9713%). 8 Exchange a t 98.90 . 693,473,000.00

Exchange a t 99.10 . 93,607,000. 00 . Exchange a t 99.30 . 727,803,000. 00

Subto ta l 2,760,420,000.00 5,000. 00 2,760,415,000. 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4 % of 1972 N o v . 15,1962.. 4 % of 1972 (effective ra te Sept . 15,1962..

4.0840%). g

On F e b . 15,1972. . F e b . a n d A u g . 15 . . Exchange a t p a r . . 2,343,511,000.00 On Aug . 15,1972 do Exchange a t 98.80. 378,792,000.00 .

Exchange a t 99.30. 370.327,000.00 . Exchange a t 99.40. 1,570,407,000.00 . Exchange a t 99.70. 259,021,000.00 .

1,500. 00 2,343, 509, 500. 00

Subtotal. 2,578,547,000.00 2,578,547,000.00

4 % of 1973 (effective ra te Sept . 15,1963.. 4.1491%). g

On A u g . 15 ,1973 . . F e b . a n d Aug . 15.. Exchange a t 98.85. Exchange a t 97.90. Exchange a t 98.55. Exchange a t 98.20. Exchange a t 99.60. Exchange a t 99.30.

1,120,883,000. 00 . 213, 528,000. 00 . 782,366,000. 00 . 340,079,000.00 . 720,541,000. 00 . 716,437,000.00 .

Subto ta l 3,893,834,000.00 6, 500. 00 3,893,827,500. 00

4J^% of 1973 (effective ra te J u l y 22,1964. 4.2241%). g

On N o v . 15,1973 <_ May a n d N o v . 15.. Exchange a t 98.75. Exchange a t 98.90. Exchange a t 99.05. Exchange a t 99.10. Exchange a t 99.25. Exchange a t 99.30, Exchange a t 99.45. Exchange a t 99.85.

232,162,000. 00 . 334,055,000.00 . 769,304,000.00 . 574,915,000.00 . 343,825,000.00 . 296,850,500.00 .

1,302,758,000.00 . 603,341,000.00 .

Sub to ta l ^ . 4,357,210,500.00 11,418,500. 00 4,345,792,000. 00

4 H % Of 1974 (effective ra te J a n . 16,1966.. 4.1721%). g

On F e b . 15,1974 <_ F e b . a n d Aug . 15.. Exchange a t 99.05. Exchange a t 99.25. Exchange a t 99.35. Exchange a t 99.45. Exchange a t 99.50. Exchange a t 99.55. Exchange a t 99.90. Exchange a t 100.25.

140,326,000. 00 . 399,959,000.00 . 493,462,000.00 . 146,917,000. 00 . 415,742,000. 00 . 333,760,000. 00 . 461,289,000.00 . 738,918,500.00 .

ZP

I—I

Ui y ^ H-t O > > Hd

fel

Subto ta l 3,130,373,500.00 3,009,000. 00 3,127,364,500. 00

i } i % of 1974 (eflective ra te May 15,1964. 4.2306%).

Subtota l . -

Footnotes a t end of tab le .

O n May 15,1974 *. May a n d N o v . 15 . . Exchange a t p a r . . 1,631,898.500.00 . Exchange a t 2.061,686,000. 00 .

100.25. 3,593,583,500.00 10,943,000.00 3,682,640,500.00

00 CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 28.—Description of puhlic debt issues outstanding June 30, 1970—Continued ^

Description Date When redeemable Interest payment Average price Amount issued Amount retired Amount or payable i date received (per $100) outstanding 2

—___ __ ^ INTEREST-BEARING 2

DEBT »—Continued

Public Issues—Continued ^ • • - • : • . - h d

Marketable—Contmued . . . - - . ^ Treasury bonds'—Continued . . . . . HJ

3J^% of 1974 (effective rate Dec. 2,1957 On Nov. 15,1974 «. May and Nov. 15.. Par $653,811,500.00 v 3.9517%). g Exchange at 98.50- 136,239,000.00

Exchange at 99. .- . 517,421,500.00 o Exchange at 98.30- 313,758,000.00 fel Exchange at 99.10. 373,227,000.00 Exchange at pa r - . 250,315,000.00 H

Subtotal - --. 2,244,772,000.00 $5,528,500.00 $2,239,243,500.00 fel

Ui 4M% of 1975-86 (effective Apr.5, I960.. .Onandaf ter - May and Nov. 15.. Par 469,533,000.00 . . . . g

rate 4.2631%) .g May 16,1976; on Exchange at 101.16. 52,853,500.00 9 May 15,1985.4 Exchange at 99.95. 397,057.000.00... g

Exchange at 99.25. 105.792,000.00 g Exchange at 99.10-- 75,642,000.00 I^ TPvr.ViQTitro of QQ (M l i f t 7SS 000 00 r ' . Exchange at 99.05. 116,733,000. 00

Subtotal - 1,217,610,600.00 4,096,000.00 1,213,514,500.00

Exchange at 100.25. 662,695,500.00 . Exchange at 100.50. 209,680,500. Op .

3M:% of 1978-83 . . M a y 1,1953 Onandafter June and Dec. 16.. Par 1,188,769,175.00 . . 2 Junel6,1978; Exchange at p a r . . 417,314,825.00 on June 15,1983.4 yq

Subtotal - - - 1,606,084,000.00 59,682,500.00 . 1,546,401,500.00 §

4% of 1980 (effective rate Jan. 23, 1969 On Feb. 15, 1980 4. Feb. and Aug. 15.. 99. 884,115,500.00 . . j 40454%>.g 99.50.. 71Q2,0QQ.00. S

Exchangeat99 196,465,000.00 ^ ' Exchange at 99.10. 17,346,000.00 . >

Exchange at 99.30. 2,113,000.00 ZP - - Exchange at-99.50. 7 107,341,500.00 '" d

Exchange a t 99.60.. 212,994,-500.00 . . . . " ' W Exchange a t 98.80. 420,040,000.00 .- y^

Subtotal. . . . . . . ^ . . . . . . . - . . . - . . : , . . . -...._ 2,611,693,500.00 17,184,000.00 2,594.509,600.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

33^% of 1980 (effective ra te Oct . 3, I960.. 3.3816%) .g

On N o v . 15, 19804. May a n d N o v . 16.. Exchange a t p a r . _ Exchange a t 102.25. Exchange a t 103.50.

643,406,000.00 . 1,034,722,000.00 .

237,815,000.00 .

Sub to ta l 1,915,943,000.00 11, 051,000. 00 1, 904, 892, 000. 00

3 K % of 1985 (effective r a t e J u n e 3, 1958.. 3 2222%).

4M% of 1987-92 (effective Aug . 15, 1962. ra te 4.2340%). g

O n M a y 15, 19854.. M a y a n d N o v . 16.. 100.50.. 1,134,867,500.00 55.007,500. 00 1, 079,860,000. 00

On and after Aug . 15, 1987; on Aug. 15,1992.4

F e b . a n d Aug . 15. . 101 359,711,500.00 Exchange a t 99.60. 118,050,000. 00 Exchange at 99.76. 150,959,000.00 Exchange a t 99.90. 188,007,000.00 Exchange a t 99.95. 486,642,000. 00 Exchange a t 100.10. 195,976,000. 00 Exchange at 100.15. 685,356,500. 00 Exchange at 100.25. 641, 227,500. 00 Exchange at 100.30. 147,686,000. 00 Exchange a t 100.35. 116,072,600. 00 Exchange at 100.40. 281,957,000.00 Exchange at 100.45. 143,932,000. 00 Exchange at 100.80. 139, 738,000.00 Exchange a t 1 0 1 . . . 5,410,000. 00 Exchange at 101.15. 122,199,500. 00 Exchange a t 100.70. 34,928,000.00

S u b t o t a l . . . 3,817,852,500.00

4% of 1988-93 (effective r a t e J a n . 17,1963.. 4.0082%).

43^% of 1989-94 (effective r a t e 4.1905%) .g

A p r . 18, 1963.

On and after F e b . 16,1988; on F e b . 16, 1993.4

On and after May 15, 1989; on May 16, 1994.4

F e b . a n d A u g . 15 . . 9 9 . 8 5 . . .

May a n d N o v . 16 . . 100.66 Exchange a t 97.70. E x c h a n g e a t 98 Exchange a t 98.35. Exchange a t 98.65. Exchange a t 99.10. Exchange a t 99.40.

250,000,000.00

300,000,000.00 125,623, 000. 00 104,739,000. 00 317,182,000. 00 489,896.000. 00 131,877,000. 00 91,149,000. 00

Sub to ta l 1,560,466,000.00

ZP

1-3. h-t ZP y ^ H-l o > > yn ^

- fel

w H-* X-

5, 766, 500. 00 1, 654.709, 500. 00

6,868,000. 00 3,811,994,500. 00

1,792, 600. 00 248.207.500.00

3M% Of 1990 (effective r a t e F e b . 14,1958. 3.4907%).g

On F e b . 15,1990 4. F e b . and A u g . 16 . . Exchange a t p a r . E x c h a n g e a t 9 9 . . . Exchange a t

100.25. Exchange a t

101.25. Exchange a t

101.50. Exchange a t

101.75.

2,719, 730,000. 00 . 721,728,000.00 . 575,798,500.00 .

233,236.000.00 .

344. 644, 000. 00 .

322,275,000.00 .

Sub to ta l

Foo tno tes a t end of t ab le .

4,917,411,500.00 138,859. 000. 00 4,778, 552, 500. 00

0 0 CTl

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

oo

T A B L E 28.—Description of public debt issues outstanding J u n e 30, 1970—Continued

Description Date When redeeraable Interest payraent Average price Araount issued Amount retired Amount ca or payable i date received (per $100) outstanding 2 <j

_ _ _ ^ ^ o

INTEREST-BEARING W

DEBT a—Continued g

Public Issues—Continued 2

Marketable—Continued ^ Treasury bondsf—Continued ^

3%ofl995 Feb. 15, 1955 On Feb. 15. 1995 4. Feb. and Aug. 15. Par $821,474,500.00 ^ Exchange at par..-. 1,923,642,500.00 ^

Subtotal - ---- 2,745,117,000.00 $1,428,368,500.00 $1,316,748,500.00 W

3i^% of 1998 (effective rate Oct. 3,1960 On Nov. 15 ,1998 4. May and Nov. 15.. Exchange at p a r . . 2,523,039,000.00 . . : __ 3.5155%).g Exchange at 98. . . . 494,804,500.00 )£

Exchange at 99. . . . 692,076,500.00 ^ Exchangeat 419,513,000.00 KH

100.25. g Exchangeat 333,406.000.00 H3

100.50. > H ^

Subtotal - - --- 4.462.839,000.00 353,380,000.00 4,109,459,000.00 Kl

Total Treasury bonds.. . - --- 83,930,042,150.00 20.982,835,300.00 62,947,206,850.00 O • fel

Total raarketable issues 253,585,014,150.00 20.982.836,300.00 232,602,177,850.00 — T

Nonmarketable: ffi Certificates of indebtedness:' feJ

6.40% foreign series.... Apr. 8, 1970 On 2 days'notice; July 8, 1970 Par 271,017.399.32 271,017,399.32 on July 8, 1970. tJ

6.424% foreign series Apr. 16, 1970 On 2 days'notice; July 16, 1970 .do. . . 250,000,000.00 250.000,000.00 g on July 16, 1970. H

6.50% foreign series June 26, 1970 On 2 days'notice; July 23,1970.. do 70,000,000.00 70,000,000.00 >; on July 23, 1970. %

6.80% foreign series June 26,1970 On 2 days'notice; Sept. 11, 1970 ..do 100,000,000.00 100,000,000.00 g onSept. 11, 3 1970. ^

6.80% foreign series... June 15,1970 On 2 days'notice; Sept. 15, 1970. do.. 150,000,000.00 150,000,000.00 on Sept. 15 1970.

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6.65% foreign series.. . . . J u n e 24, 1970 On 2 days' notice; Sept. 24. 1970 on Sept. 24, 1970.

6.45% foreign series... June 30, 1970 On 2 days' notice; Sept. 30, 1970 on Sept. 30, 1970.

Total certificates, for-eign series.

8.08% foreign currency series. Jan. 23, 1970 On 2 days' notice; July 23, 1970 430. 9000 Swiss on July 23,1970. francs.

8.125% foreign currency series. Feb. 6, 1970. On 2 days' notice; Aug. 6, 1970 430.2700 Swiss on Aug. 6, 1970. francs.

Total certificates, for-eign cm-rency series.

Treasury notes:' 6.25%, foreign series. May 1, 1969.. On Aug. 3, 1970... Feb. and Aug. 3 . . . Par . : . . . . 6.40% foreign series Dec. 31,1968 On Nov. 2,1970 s.. May and Nov. 2 do 7.85% foreign series Sept. 23,1969 On Dec. 21, 1970 s. June and Dec. 21 do 7.80% foreign series Sept. 24, 1969 OnJan. 18, 19718. Jan. and July 18 do 8.00%, foreign series... Oct. 1, 1969 On Feb. 18, 1971«. Feb. and Aug. 18 do 7.35% foreign series Oct. 31, 1969 On Mar. 25, 1971 s. Mar. and Sept. 25 do 7.95% foreign series Jan. 15, 1970 On Apr. 22, 19718. Apr. and Oct. 22 do 8.10% foreign series Jan. 30, 1970. On May 20, 1971 s. May and Nov. 20 do 7.60% foreign series May 15, 1970 On May 27, 19718_ May and Nov. 27 do 7.125% foreign series Mar. 2, 1970 On June 17, 19718. JuneandDec. 17 do 7.60% foreign series May 15, 1970.. On June 24, 19718. JuneandDec. 24 do 6.70% foreign series Mar.26, 1970 On July 22, 19718. Jan. and July 22.. do 6.79% foreign series Mar. 31,1970. On July 29, 19718. Jan. and July 29 do 6.84%, foreign series Apr. 9, 1970 On Aug. 26,19718_ Feb. and Aug. 26 do 7.55% foreign series June4,1970.. do. . _. d o . do . - . . 7.46% foreign series Apr. 30, 1970 On Sept. 23, 19718. Mar. and Sept. 23 do 7.65% foreign series June 11, 1970 On Oct. 28,19718.. Apr. and Oct. 28 do 7.65% foreign series June 18,1970. do do do . . 7.63% foreign series June 25,1970 On Nov. 18, 19718. May and Nov. 18 do 5.70% foreign series June 27,1968 OnDec. 27, 1972 8. June and Dec. 27 do 6.00% foreign series July 1, 1968 OnJan. 2, 19738.. Jan.andJuly2 do 6.00%, foreign series July 2, 1968. do do do 5.35% foreign series Sept. 9, 1968 On Mar. 9, 1973 8.. Mar. and Sept. 9 do . . 5.50% foreign series Oct. 9, 1968 On Apr. 9, 1973 s.. Apr. and Oct. 9 do . . 5.50% foreign series Nov. 22, 1968 OnMay 22,1973 s.. May and Nov. 22 do . . 6.00% foreign series Dec. 24, 1968 On June 25, 1973 8. June and Dec. 25 do . . 5.97% foreign series Dec. 27,1968 On June 27, 1973 s. JuneandDec. 27 .do 6.00% foreign series Dec. 31,1968 On July 2, 1973 s.. Jan. and July 2 do

Total notes, foreign series.

Footnotes a t end of table.

100,000,000.00 .

20,000,000.00 .

961,017,399.32 .

99, 791,134. 83

49,968,624.35

149, 759, 759.18

300,000,000.00 . 40, 000,000. 00 100,000,000.00 50,000, 000. 00 50,000,000.00

125,000,000.00 . 150,000,000.00 . 100,000,000.00 . 100,000,000.00 . 100,000,000.00 . •100,000,000.00 . 100,000,000.00 . 100,000,000.00 . 100,000.000.00 . 100,000,000.00 200,000,000.00 . 100,000,000.00 . 100,000,000.00 . 200,000.000.00 . 12,000,000.00 . 10,000,000.00 . 5.000,000.00 . 10,000,000.00 . 5,000.000.00 . 3,000,000.00 . 2,000,000.00 . 20,000,000.00 . 100.000,000.00

7,970,836.39

2,382, 000. 000. 00

100,000.000.00

20.000,000. 00

961,017,399.32

99, 791,134. 83

49, 968,624.35

149, 759,759.18

300,000, 000. 00 32,029,163. 61 100,000,000. 00 50, 000,000. 00 50,000,000. 00

125,000,000. 00 150, 000,000. 00 100,000,000.00 100,000, 000. 00 100, 000,000. 00 100,000, 000. 00 100, 000,000. 00 100.000,000. 00 100, 000, 000. 00 100,000, 000. 00 200, 000,000. 00 100, 000,000. 00 100,000,000. 00 200, 000, 000. 00 12,000,000. 00 10,000,000. 00 5, 000,000. 00 10,000, 000. 00 5, 000, 000. 00 3, 000, 000. 00 2,000.000. 00 20, 000, 000. 00 100.000.000. 00

7,970,836. 39 2,374,029,163. 61

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T A B L E 28.—Description of public debt issues outstanding J u n e 30, 1970—Continued GO GO

Description Date When redeemable Interest payraent Average price Amount issued Amount retired or payable i date received (per $100)

Amount outstanding 2

INTEREST-BEARING DEBT a—Continued

Public Issues—Continued

Nonmarketable—Continued Treasmy notes '—Continued

6.20% foreign cmrency series. Apr. 9, 1969 On July 9, 1970 Jan. and July 9... . 432.7500 Swiss $30,040,439.05 francs.

6.20% foreign currency series. Apr. 29, 1969 On July 29, 1970 s. Jan. and July 29... 430.6500 Swiss 39,475,211.89

6.89% foreign currency series. June 9, 1969 On Sept. 9, 1960 8.. Mar. and Sept. 9 . . 431.3000 Swiss 100,857,871. 55 francs.

7.70% foreign currency series. July 3, 1969 On Oct. 5, 1970 8... Apr. and Oct. 5 . . . 432.7500 Swiss 22,414,789.14

7.55% foreign cmrency series. July 16,1969.. On Oct. 16, 1970 s.. Apr. and Oct. 16.. 430.5500 Smss 133,550,110. 32

7.85% foreign currency series. Sept. 29. 1969 On Jan. 29. 1971... Jan. and July 29... 429.8500 Swiss ' 30,243,108.06 frjitics

7.60% foreign currency series. Nov. 18, 1969. On Feb. 18,19718. Feb. and Aug. 18.. 432.9000 Swiss 29,799,029.80 francs.

8.10% foreign cmrency series. Jan. 30,1970. On June 1, 19718.. June and Dec. 1... 430.8000 Swiss 25,533,890.44 francs.

6.75% foreign cmrency series. Apr. 6, 1970.. On July 6, 19718.. Jan. and July 6... . 430.6100 Swiss 52,251,457. 24 fT*9)TlCS

7.70% foreign currency series. May 6,1970 On Aug. 6, 1971 s.. Feb. and Aug. 6... 468.8400 Swiss 25, 595,085. 74

7.73% foreign cmrency series. May 19,1970 On Aug. 19, 1971.. Feb. and Aug. 19.. 431.8000 Swiss 27,790,643.82 irancs.

7.60% foreign cmrency series. June 11,1970 On Sept. 13,1971.. Mar. and Sept. 13. 431.1500 Swiss 23,193, 784.07

5.28% foreign currency July 3, 1967 On Jan. 3, 1972.... Jan. and July 3 . . . . 369.0000 Deutsche 135,501,355.00 series.8 raarks.

5.73% foreign currency Apr. 1, 1968 On Oct. 2, 1972-.. Apr. and Oct. 2 . . . 369.0000 Deutsche 135,501,355.00 series.e raarks.

6.25% foreign cmrency June 24, 1968 On Dec. 22, 1972.. June and Dec. 22.. 369.0000 Deutsche 135,501.355.00 series.o marks.

3.05% foreign currency Aug. 19, 1969 On Feb. 19, 1973.. Feb. and Aug. 19.. 371.4985 Deutsche 134,590,058. 25 series. 10 . marks.

4.43% foreign currency Oct. 2, 1969.. On Oct. 2, 1973.... Apr. and Oct. 2 . . . 373.0791 Deutsche 134,019,834. 92 series 10. marks.

Totalnotes, foreign cur- 1.215.859,379.29 rency series.

$30,040,439. 05

39,475,211. 89

100,857,871. 55

22,414,789.14

133,550,110. 32

30, 243,108. 06

29, 799,029.80

25, 533,890. 44

52,251,457. 24

25, 595.085. 74

27, 790, 643.82

23,193, 784. 07

135, 501, 355. 00

135, 501, 355. 00

135, 501, 355. 00

134, 590.058. 25

134,019,834. 92

1, 215,859,379. 29

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30,000,000.00 23,929,534.25

30,000.000.00 23.999.534.25

53,929,534.25 53.929.534.25

75,000,000.00 _ y.'l nno non. 00

Treasury bonds: ' 4.25% foreign series Sept. 16,1964 On Nov. 1,1970 " May and Nov. 1... Par 4.25% foreign series do On Nov. 1,1971" do do..

Total bonds, foreign series.

3)^% Treasmy bonds Dec. 23,1969 On Dec. 23,1979 H June and Dec. 23.. P a r . . .

U.S. retirement plan bonds First day of each (compounded semiannually):"' month.

3.75%.. Jan. 1963 to May Not redeemable Indeterminate Par 18,666,898.97 $3,270,176.19 15.396,722.78 1966. until owner

attains age 59^ except in case of death or disa­bihty.

4.15% : . June 1966 to Dec. do do do 24,058,335.65 1,396,875.28 22,661,460.37 1969.

6.00% Jan. 1, 1970 do do do 1,001,750.00 3,650.00 998,100.00 Unclassified.-.. -- 69.800.00 -21,372.48 81,172.48 ZD

Total U.S. retirement 43,786,784.62 4,649,328.99 39,137,455.63 > plan bonds. H

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2%FirstSeries Variousdates At option of U.S. June and Dec. 1... Par 354,247.000.00 329.003,000.00 25,244,000.00 ^ from July 1958. or owner upon s^

30 to 60 days' tT* notice; 12 years from issue date. > •

Hd Treasury bonds: ' 2

2% REA Series.. . . . . .Variousdates do Jan. and July 1 do 53,174,000.00 38,519,000.00 14,655,000.00 g from July 1, 2; 1960. . . p

Treasury bonds, investment . . . .

2M% Series B-1975-80 Apr. 1,1951 Apr. 1, 1975 ex- Apr. and Oct. 1 do. 451,397,500.00 . changable at Exchange at par. . 14,879,956,500.00. anytime at option of owner for marketable Treasury notes; payable on Apr. 1,1980 413.

Subtotal - •- -- - 15,331,354,000.00 .

Total Treasury bonds,. . . - . - . . ^,.... . . . .-,... .^..... . . . . . .^,.... . . . . .-... .--------. .15,331,354,000.00 ^ 12,944,834,000.00 2,386,520,000.00 investraent series. =

Footnotes at end of table. " . • •

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TABLE 28.—Description of public debt issues outstanding June 30, 1970—Continued CO O

Descript ion D a t e When 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 or payable i da t e received (per $100)

A m o u n t ou ts tanding 2

I N T E R E S T - B E A R I N G D E B T a—Continued

P u b l i c I s sues—Cont inued

Nonmarke tab le :—Cont inued Treasury certificates:

6.330% certificates Apr . 1, 1970.

6.330% certificates Apr . 3, 1970

6.876% certificates A p r . 30, 1970

1% certificates- Various dates frora Jmie 15, 1970.

3.50% certificates J u n e 30, 1970

To ta l T reasu ry certif­icates.

U . S . savings notes, series a n d yield to m a t u r i t y :i5 f

S-1967, 4.74%, S-1968, 4.74% (Jan. to M a y ) . . S-1968, 5.00% (June to D e c ) . S-1969, 5.00% S-1970, 5.00% Unclassified- : . . . . . . . .

On demand ; on Ju ly 1,1970.

On demand ; on Ju ly 3, 1970.

On demand ; on J u l y 31, 1970.

On demand ; on Dec . 15, 1970.

On deraand; on J u n e 30, 1971.

J u l y l , 1970. P a r

Ju ly 3, 1970 do . .

Ju ly 31, 1970- . . . . d o . .

Dec . 15, 1970 do . .

J u n e 30, 1971 do . .

F i rs t d a y of each m o n t h .

May to Dec . 1967.. J a n . to May 1968.. J u n e to Dec . 1968.. J a n . to D e c . 1969.. J a n . to J u n e 1970..

After lyr.16 After 4M years $ 8 1 . . . d o . d o . do do . d o — . . d o do- d o — do do d o . . . d o

To ta l U . S . savings notes . .

U . S . savings bonds , series a n d approx ima te yield to m a t u r i t y (%).15f

F i r s t day of each m o n t h .

E-1941, 3.340% 19 May to Dec . 1941 E-1942, 3.397% i9 J a n . to Dec . 1942 E-1943, 3.460% i9 J a n . to Dec . 1943 E-1944, 3.521% 19 J a n . to Dec . 1944

On d e m a n d a t option of owner; 10 years from issue da te b u t m a y be held for addi t ional period.18

d o . . . d o .

. . . . . d o : . -d o . . . .

Sold a t a discount; payab le a t pa r on matm' i ty . -

$2,071.43 .

1,618,938.50 .

1,289,030.03 .

5, 315, 864.79

120, 728,286. 57 106, 554, 578. 32 195,108, 575.25 368,215,490.29

95, 527,876. 50 3,286,246. 75

889,421,053. 68

$5,047, 523.09

48,011,789.45 38,352,275.83 57, 574,624.27 30,960,852.18

40,763. 25 (")

174, 940,304. c

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$2,071.43

1,618,938. 50

1,289,030.03

268,341.70

782,178,792.97 . . . .

790,404,697. 72 5, 047, 523.09

782,178,792. 97

785, 357,174. 63

72, 716, 68,202,

137, 533, 337,254,

95,487, 3,286,

497.12 302. 49 950. 98 638.11 113.25 246. 75

714,480, 748. 70

$75 1,891,992,061.10 1,689,012,277.02 202,979,784.08 $75 8,346,634,002.69 7,458,971,308.03 887,662,694.66 $ 7 5 - . . . . 13,427,066,059.57 12,031,459,493.86 1,395,606,565.71 $75. 15, 667,312,23L 13 13,955,469,789.81 1,711,842.441.32

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E-1945, 3.575% i» J a n . to Dec . 1945 E-1946, 3.661% 19 J a n . to Dec . 1946 E-1947, 3.719% 19 J a n . to Dec . 1947 E-1948, 3.780% 19 J a n . to Dec . 1948 E-1949, 3.883% 19 J a n . to Dec . 1949 E-1950, 3.963% 19 J a n . to Dec . 1950 E-1951, 3.735% 19 J a n . to Dec . 1951 E-1952,3.570% (Jan. to A p r . ) . J a n . to Apr . 1952 E-1952, 3.633% i9 (May to May to Dec . 1952

Dec.)

E-1953, 3.696% 19 J a n . to Dec . 1953 E-1954, 3.782% 19. J a n . to Dec . 1954 E-1955, 3.866% 19 J a n . to Dec . 1955 E-1956, 4.001% 19... J a n . to Dec . 1956 E-1957, 4.080% (Jan.) J a n . 1957 E-1957, 4.217% i9 (Feb . to F e b . to Dec . 1957.

D e c ) .

E-1958, 4.308%, i9 J a n . to Dec . 1958. E-1959,4.370% (Jan. to M a y ) . J a n . to May 1959. E-1959, 4.380% 19. . . J u n e to D e c 1959.

E-1960, 4.433% i9. J a n . to Dec . 1960. E-1961, 4.506% 19. . . J a n . to D e c 1961-E-1962, 4.558% i 9 . . . J a n . to Dec . 1962. E-1963, 4.315% i 9 . . . J a n . to D e c 1983. E-1964, 4.173% i9 J a n . to D e c 1964. E-1965. 4.266% " (Jan to J a n . to N o v . 1965.

Nov . )

do do do do 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 addi t iona l period.18

do do do do d o .

. On d e m a n d a t opt ion of owner; 8 years, 11 m o n t h s from issue da te b u t m a y be held for addi t ional period.18

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. $75 12,322,884,910.61 10,813,311,436.09 1,509,573,474.52

. $ 7 5 . . . . 5,595,753,977.33 4,743,761,059.36 851,992,917.97 $75 5,315,167,896.44 4,361,287,518.92 953,880,377.52 $75 5,501,234,664.33 4,432,277,731.56 1,068,956,932.77

. $75 5,440,040,416.58 4,309,473,464.16 1,130,566,952.42 $76 4,758,466,137.73 3,716,060,596.69 1,042,405,541.04

,$75 4,114,446,260.12 3,211,820,716.65 902,6-25,543.47 . $75 1,412,342,280.23 1,101,009,150.63 311,333,129.60

$75 2,895,717,538.47 2,241,684,018.95 654,033,519.52

. $75 4,926,040,455.87

. $75. 5,021,949,628.77

. $75 5,232,774,704.13

. $75 5,056,472,053.45

. $75 421,663,589.13 $75 4. 341,493, 326. 92

. $75 4,648,758,840.58

. $75 1,868,430,040.02 $75 2,488,701,495.33

, $75 4,370,795,948.71 $75 4,431,820,785.86 $75 4.287,574,061.86 $ 7 5 - . . 4, 778, 005, 505. 96 $75 4.656,786,583.12 $75 4,127,461,995.27

3, 739, 943,298. 85 3, 749, 331, 696.02 3, 856, 387, 695. 64 3, 687, 519, 414. 99

299, 512,409.13 3,117, 025, 325.02

1,186,097,157. 02 1,272, 617,932. 75 1, 376, 387, OOS. 49 1, 368, 952,638. 46

122,151,180. 00 1,224, 468,001. 90

3, 223, 871, 547. 65 1,424, 887, 292. 93 1, 276,139, 818. 74 592, 290, 221. 28 1, 694, 951, 392. 46 793, 750,102. 87

2, 864, 982, 026. 67 2, 767, 307, 335. 47 2, 578, 897, 677. 44 2, 668, 640,198. 10 2, 630, 606, 618. 61 2, 317, 301, .363. 88

1, 505, 813, 922. 04 1,664,513,450.39 1, 70S, 676, 384. 42 2,109, 365, 307. 86 2, 026,179, 934. 51 1, 810,160, 631. 39

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T A B L E 28.—Description of public debt issues outstanding J u n e 30, 1970—Continued

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Description Date When redeeraable Interest payment Average price Amount issued Amount retired Araount fel or payable i date received (per $100) outstanding 2 y^

, O INTEREST-BEARING ^

DEBT a—Continued ^ fei Public Issues—Continued |_3.

Nonmarketable—Continued H' U.S. savings bonds, series and rj,

approximate yield to matmity ^ (%).i5^—Continued

E-1965, 4.420% (Dec.) Dec. 1965.. On deraand at Sold at a discount; $75... $426,250, 94L 14 $231,997,696.87 $194,253,244.27

issue date.20 H-1953, 3.598% 19 Jan. to Dec. 1953 .do do .do 470,500,500.00 342,201.000.00 128,299,500.00 H-1954, 3.673% 19 Jan. to Dec 1954. do do do. . . . 877,689,500.00 634,410,500.00 243,279,000.00 H-1955, 3.743% 19 Jan. to Dec. 1955 do - - - d o do- - .- 1,173,084,000.00 829,309,000.00 343,775.000.00

option of owner; payable at par Q , 7 years from on maturity. H^ issue date but t=l may be held for i^. additional J> period.18 ^

E-1966, 4.449%---. Jan. to Dec. 1966 do do. $75 4,905,040,440.20 2,606,591,207.98 2,298,449,232.22 H* E-1967, 4.555% Jan. to Dec 1967 do do $75 4,855, 028, 2n. 08 2,492,612,163.88 2,362,416,047.20 E-1968,4.640%(Jan.toMay). Jan. to May 1968 do do $75 1,957,651,006.53 950,191,224.60 1,007,459,781.93 O E-1968,5.035% (Juneto Dec) . June to Dec 1968 do do . . . . . $75 2,648,197,643.79 1,276.421,427.92 1,371,776,215.87 fet E-1969, 4.800% (Jan. to May) Jan. to May 1969 do .do $75 1,841,838,689.81 803,139.496.76 1,038,699,193.05 E-1969, 5.000% (June to June to Dec. 1969 do do $75.. . . 2,466,754,859.30 920,909,020.15 1,545,845,839.15 ^

Dec) HH E-1976, 5.000% Jan. to June 1970 . .do . . do $76. 1,800,972,225.00 288,519,112.50 1,512,453,112.60 fel Unclassified sales and re- - - 26,843,384.86 17 1.289,374.75 25,554,010.11

demptions. ^ Total Ser iesE- - --- 168,276,364,853.02 124,109,687,135.81 44,166,677,717.21 g

— — fel H-1952, 3.539% 19 June to Dec. 1952.. On demand at Semiannually Par 191,480,500.00 145,752,500.00 45,728,000.00 ^

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H-1956, 3.854% 19. Jan. to Dec. 1956 do do . do 893,176,000.00 585,220,500.00 307,955,500.00 H-1957, 3.920% (Jan.) Jan. 1957 do . . . . do ..do 64,506,000.00 38,780,000.00 25,726,000.00 H-1957, 4.120% 19 (Feb. to Feb. to Dec 1957.. On deraand at do do 567,682.000.00 334,924,000.00 232,758.000.00

Dec). option of owner 10 years hora issue date.20

H-1958, 4.202% 19 Jan. to Dec 1958 do.. do do 890,252,500.00 546,274,000.00 343,978,500.00 H-1959. 4.270% (Jan. to Jan. to May 1959. .do do do 356,319,500.00 196,171,500.00 160,148,000.00

May). H-1959, 4.322%, 19 ( J u n e t o June to Dec. 1959 do do . . - .do 362,413,000.00 183,908,000.00 178,505,000.00

Dec) H-1960, 4.336% 19 Jan. to Dec 1960 dO- do do 1,006,767,500.00 436,063,500.00 570,704,000.00 H-1961, 4.165% 19 Jan. to Dec 1961 do do do 1,041,579,000.00 405,241,500.00 636,337,500.00 H-1962, 4.064% 19. Jan. to Dec 1962 do do do 856,759,000.00 301,119,500.00 555,639,500.00 H-1963, 4.145% 19. Jan. to Dec. 1963 do . . . . . . do do 772,968,000.00 245,283,500.00 527,684,500.00 H-1964, 4.235% 19 Jan. to Dec 1964 do do do 671,579,500.00 187,012,000.00 484,567,500.00 H-1965, 4.326% 19 ( J a n . t o Jan. to Nov. 1965 do do do 540,210,000.00 129,997,000.00 410,213,000.00 ZP Nov.)

Dec).

Total SeriesH.. . . 12,929,021,500.00 5,815,059,000.00 7,113,962,500.00

Total U.S.savings 181,205,386,353.02 129,924,746,135.81 51,280,640,217.21 bonds. — — = =— -tz=

Total nonmarketable 203,505,339,96L 08 143,429,710,129.26 60,075,629,83L 82 i s s u e s . z = z = = r = = : = = : = = = z r = = = z ^ = = = = = = = z = z = = = ^ = z = = = i = = z = = = = = = =

Total public issues... 457,090, 354, IIL 08 164,412,546,429.26 292,677,807.681.28

Footnotes at end of table.

H H-1965, 4.570% (Dec.) Dec. 1965 do do do 45,682.000.00 9,320,000.00 36,362,000.00 • > H-1966, 4.594% Jan. to Dec 1966 do do do 635,272,000.00 122,761,000.00 512,511,000.00 2 H-1967, 4.664% Jan. to Dec 1967 do do do 525,961,500.00 79,424,500.00 446,537,000.00 B H-1968, 4.720% (Jan. to Jan. to May 1968 . . .do do . . .do 198,965,500.00 21,494,500.00 177,471,000.00 H

May). ^ H-1968, 4.769% (June to June to Dec. 1968 do .do do 231,902,000.00 20,277,500.00 211,624,500.00 ^ Dec.) H-1969, 4.830%, (Jan. to Jan. to May 1969 do. do do 164,594,000.00 10,3.33,000.00 154,261,000.00

May). H-1969, 5.000% (June to June to Dec 1969 do do do 192,455,500.00 5,558,000.00 186,897,500.00 Hrf

> hd

H-1970, 5.000% Jan. to June 1970 do - do do 186,649,000.00 300,500.00 186,348,500.00 fel Unclassified sales and re- 10,573,500.00 3,922,000.00 6,651,500.00 IzJ

demptions. O

CO 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 28.—Description of public debt issues outstanding J u n e 30, 1970—Continued CO

Descr ip t ion When redeemable In teres t pay raen t Average price Araoun t issued Araoun t ret ired or payable i da te received (per $100)

Araoun t ou ts tanding 2

I N T E R E S T - B E A R I N G D E B T a—Continued

Special I s s u e s ^

Civil service re t i rement fund:

No tes : 7 ^ % Series 1977.. 6 ^ % Series 1976.. 5 ^ % Series 1975.. 47^% Series 1971.. 4M% Series 1974..

Redeeraable after 1 year frora issue date and payable on June 30:

. J u n e 30,1970 1977 J u n e 30-Dec. 3 1 .

. June30,1969 1976 do

. J u n e 30,1968 1975 do

. June30,1966 1971 do June30,1967 1974 do

B o n d s :

43/8% Series 1971.. 41/8% Series 1972.. 4 H % Series 1973.. 4 1 ^ % Series 1974.. 4>g% Series 1975.-4 H % Series 1976.. 43/8% Series 1977.. 43/8% Series 1978--4 H % Series 1979.. 43^% Series 1980.. 37^% Series 1971.. ^%% Series 1972.. 33^% Series 1973.. 3J^% Series 1974.. 33^% Series 1975.-33^% Series 1976--3 ^ % Series 1977.. 3 ^ % Series 1978.. 3 ^ % Series 1971.-3M% Series 1972.. 3 ^ % Series 1973.. 3M% Series 1974.. 3 ^ % Series 1975.. ^ y % Series 1976..

Var ious dates frora J u n e 30:

. do . ,

. do . ,

. do . ,

. d o . ,

. d o . . -do-. . do . , . do . , . d o . .

1973-1974. 1975. 1976-1977., 1978., 1979.. 1980-.

. J u n e 30,1963 1971.. do 1972.. do 1973. do 1974.. do 1975-do 1976.. do 1977.. do 1978..

J u n e 30,1962 1971.. do 1972-. do 1973-. do 1974-.

. . . . . d o 1975.. do 1976..

On dem and ; on J u n e 30:

1971 1972

do . . d o -

. . d o . . .

. - d o . . .

. . d o . . . .

. . d o . . . . . d o . . . . - d o . . . . . d o . . . . . d o . . . . . d o . . . . . d o . . - , . d o . . . . . d o . . . . . d o . . . . - d o — , - d o - . , . d o . . . . . d o . . . . . d o . . . . . d o . . . . . d o . . . . . d o . . . . . d o . . . .

P a r $2,951,729,000.00 . do 2,909,257,000.00 . do 1,628,319,000.00 . do 1,785,656,000.00 . do 1,758,171,000.00 .

. . d o . , - . d o -. . d o . . . . d o -. . d o -. . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . . . . d o . , . - d o . . . . d o . . . . d o . . . . d o . . . . d o . -. . d o . .

$2, 951, 729, 000. 00 2, 909, 257, 000. 00 1, 628, 319, 000. 00 1, 785, 656, 000. 00 ] , 758,171, 000. 00

552, 212, 167, 142, 142, 142,

532, 103, 80, 80,

826, 60, 60, 60, 60, 60, 60,

474, 000. 00 . 160, 000. 00 . 988, 000. 00 . 387, 000. 00 . 167,000.00 . 474, 000. 00 . 474,000.00 . 474, 000. 00 . 117,000.00 . 117, 000. 00 . 227,000.00 . 981,000.00 . 448, 000. 00 . 227, 000. 00 . 227, 000. 00 . 227, 000. 00 . 227, 000. 00 . 643, 000. 00 . 976,000. 00 . 976,000. 00 . 976, 000. 00 . 976,000. 00 . 976, 000. 00 . 976.000.00 -

142, 474, 375,160, 552, 988, 212, 387, 167,167, 142,474, 142, 474, 142, 474, 969,117, 969,117, 80, 227, 532, 981, 103,448, 80, 227, 80, 227, 80, 227, 80, 227, 826, 643, 60, 976, 60, 976, 60, 976, 60, 976, 60, 976, 60, 976.

000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000.00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3 ^ % Series 1977 do 1977 . . . . d o . do 746,416,000.00 746,416,000.00 2 ^ % Series 1971 J u n e 30,1961 1 9 7 1 . . . . do do 69,913,000.00 69,913,000.00 27^% Series 1976.. do 1976 . do do 685,440,000.00 $508,575,000.00 176,865,000.00 2 ^ % Series 1971 V a r i o u s d a t e s 1971 do . d o 615,527,000.00 615,527,000.00

frora J u n e 30, 1959.

2 ^ % Series 1975 do 1975 .do . . . . d o 616,527,000.00 423,488,000.00 192,039,000.00 Erap loyees life insurance fund:

7.13% Series 1970 J u n e 30.1970 J u l y l , 1970.. J u l y 1,1970 d o . . . 60,000,000.00 60,000,000.00 Fede ra l Depos i t In su rance Cor­

porat ion: Certificates:

7.13% Series 1970 . . . V a r i o u s d a t e s do do do 76,941,000.00 3,000,000.00 73,941,000.00 from J u n e 1, 1970.

Federa l d isabi l i ty insurance t rus t Redeeraable after ZP fund: 1 year from H

da te of issue ^ and payab le on {l

No tes : J u n e 30: ZP 7 ^ % Series 1977 J u n e 30, 1970 1977. J u n e 30-Dec. 3 1 . . . P a r . . 1 ,394,466,000.00. . . 1.394,466.000.00 >^ 63^% Series 1976 J u n e 30, 1969 1976 . . d o do 1,151,608,000.00 1,151,608,000.00 ^ 5 ^ % Series 1975 J u n e 30, 1968 1975 d o . . . do 583,612,000.00 583,612,000.00 > 4J^% Series 1971 J u n e 30, 1966 1971 d o . do 158,195,000.00 153,709,000.00 4,486,000.00 tr* 4M% Series 1974 J u n e 3 0 , 1967 1974 do do 309,178,000.00 309,178,000.00

B o n d : O n deraand ; on > J u n e 30: Hd

43^% Series 1979 V a r i o u s d a t e s 1979 do . d o 153,632,000.00 153,632,000.00 ^ frora J u n e 30, g 1964. 2 ;

43/g% Series 1980 do 1980 do . . d o 125,606,000.00 125,606,000.00 O 3 K % Series 1978 June30 ,1963 1978 do d o . 153,632,000.00 153,632,000.00 Q 3M% Series 1974 V a r i o u s d a t e s 1974 do . do 20,738,000.00 20,738,000.00 ^

from J u n e 30, 1961.

3 ^ % Series 1975 do 1975 do . do 20,738,000.00 20,738,000.00 3 ^ % Series 1976 d o . . . 1976.. . . . d o . . . d o - 153,632,000.00 153,632,000.00 3 ^ % Series 1977 - - - - - - d o . . 1977 . . . . d o . . d o 153,632,000.00 153,632,000.00 2 ^ % Series 1974 V a r i o u s d a t e s 1974 . d o . . . . d o 132,894,000.00 55,888,000.00 77,006,000.00

from J u n e 30, 1959.

2 ^ % Series 1975 do 1 9 7 5 . . . . do . . d o . . . 132,894,000.00 132,894,000.00 F e d e r a l h o m e loan b a n k s :

7.13% Series 1970 V a r i o u s d a t e s J u l y 1, 1970 J u l y 1, 1970.. . . d o 257,000,000.00 58,000,000.00 199,000,000.00 from J u n e 1, 1970.

Foo tno tes at end of t ab le . - ^

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 28.—Description of public debt issues outstanding June 30, 1970—Continued CO

Description Date When redeeraable Interest payment Average price Amount issued Amount rethed Araount or payable i date received (per $100) outstanding 2 ^

• CO

INTEREST-BEARING o DEBT a—Continued

Special Issues^—Continued ^ Redeemable after H^

Federal hospital insurance trust 1 year frora O fund: issue date; pay- W

Notes: able on June 30: H 7^% Series 1977 June 30, 1970 1977 June 30-Dec. 31 Par . . . . $919,358,000.00 $919,358,000.00 63^% Series 1976 June30,1969 1976. do.. . .do 729,200,000.00 729,200,000.00 O 5M% Series 1975 June30,1968 1975 do.. do. . . 495,529,000.00 . . . . 495,529,000.00 ^ 4 ^ % Series 1973.... June30,1967 1973. do. . . . do 46,131,000.00 $22,075,000.00 24,056,000.00 -, 4M% Series 1974 . . . . d o . . 1974... do . . . .do 415,179,000.00 415,179,000.00 2

Federal old-age and survivors' hi- ffi surance ti-ust fund: fej

Notes: — 7^% Series 1977 June 30, 1970 1977 do do.. 5,033,296,000.00 5,033,296,000.00 2 63^% Series 1976 June 30, 1969 1976 . . .do do 3,844,864,000.00 --..-... 3,844,864,000.00 S 5^% Series 1975 June 30, 1968 1975 do do 2,460,795,000.00 2,460,795,000.00 HK 47^% Series 1971. June 30, 1966 1971 . . .do do 1,080,011,000.00 . . 1,080,011,000.00 w 4M% Series 1974... June 30,1967 1974 . . .do do.. . 2,720,279,000.00 - 2,720,279,000.00 ^

Bonds: On demand; on - . . . > June 30: w

41^% Series 1978.... Variousdates 1978 d o . . . do 421,567,000.00 421.567,000.00 K* from June 30, 1964. O

43/ % Series 1979 do. 1979 do. do 1,080,011,000.00 1,080,011,000.00 fel 4H% Series 1980 do 1980 d o . . . do 1,080,011,000.00 1,080,011,000.00 3J %o Series 1977.. June 30, 1963 1977 do . . . d o . . 1,080,011,000.00 1,080,011,000.00 y 2>y&% Series 1978.. do 1978 do. do 658,444,000.00 658,444,000.00 ffi 3M% Series 1975.. June 30, 1961 1975 d o . . . do 160,077,000.00 160,077,000.00 H 33^% Series 1976. . . . .do 1976 do. do. 1,080,011,000.00 1,080,011,000.00 2 ^ % Series 1971 Variousdates 1971 do d o . . 1,133,000,000.00 52,989,000.00 1,080,011,000.00 H^

frora June 30, Sl 1959. fel

2H% Series 1972. .do 1972 . . .do do 1,133,000,000.00 52,989,000.00 1,080,011,000.00 > 25^% Series 1973. do 1973 do do . . . . 1,133,000,000.00 52,989,000.00 1,080,011,000.00 ^ 2^%) Series 1974 d o . . 1974 do do 1,133,000,000.00 52,989,000.00 1,080,011,000.00 d 2 ^ % Series 1975. do 1975 do do 919,934,000.00 919,934,000.00 g

Federal Savings and Loan Insurance ^ Corporation:

Certificates: 7.13%, Series 1970 Variousdates July 1,1970 July 1,1970... do 104,381,000.00 24,200,000.00 80,181,000.00

from June 1, 1970. Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Federal supplementary medical in­surance trust fund:

Notes: 7^% Series 1977 June 30,1970. 6M% Series 1976... June 30,1969.

Redeemable after 1 year from date of issue and payable on June 30:

1977 1976. Redeemable after

1 year from date of issue and payable on June 30:

June 30-Dec. 31. d o . .

.do .

.do .

Foreign service retirement fund: Notes:

7^% Series 1977 June 30,1970 1977 63^% Series 1976 June 30,1969 1976 4%, Series 1971 Apr. 30,1969 1971 4% Series 1972 do . . 1972... 4% Series 1973 d o . . . 1973. 4% Series 1974 . . . d o . . . 1974 4% Series 1975 d o . . . 1976..:

On demand; on Bonds: June 30:

4% Series 1976 do 1976 4% Series 1977 do 1977 4% Series 1978 do . . 1978 4% Series 1979.. do . . 1979 4% Series 1980 d o . . . 1980

. June 30-Dec. 31. do do d o . . . do . . do-do

Par do. do. do-do. do. do.

4% Series 1981 do.. 1981-.-. 4% Series 1982. do . . 1982 4% Series 1983 do..

Government life insurance fund: Notes:

73^%, Series 1977 June 30,1970.. 6% Series 1976 June 30,1969., 5M% Series 1975 June 30,1968. 4H% Series 1971 June 30,1966.

1983. Redeemable after

1 year from issue date and payable on June 30:

1977 1976 1976 1971 On demand; on

June 30: 1978 1979 1971

. . . .do

. . . .do

. - . -do . .

. . . .do

. . . -do

. . - d o - .

. . . -do . -

. . - d o . -

do.. do-. do-. do-. do-. do-. do.. do.

.do., -do., .do.. ..do..

-do. -do. .do. ..do.

Bonds: 43^% Series 1978 June 30,1967. 43^% Series 1979... do 3 ^ % Series 1971 June 30,1960. 3 ^ % Series 1972... dO 1972 3 ^ % Series 1973 do 1973.. 3M% Series 1974 do . . 1974 ZH% Series 1975 do 1976 3^^% Series 1976 Variousdates 1976

from June 30, 1964.

Footnotes at end of table.

.do.,

.do.,

.do.,

.do.,

.do.,

.do.,

.do-

.do..

do.. do.. do.. do-. do.. do.. do. do.

2,855,000.00 . 217,206,000.00 206, 644,000.00

6,721,000.00 . 5,082,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 .

3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 . 3,017,000.00 .

29,964,000.00 . 32.638,000.00 . 64,365.000.00 . 77,986,000.00 .

26,556,000.00 . 2,912,000.00 .

670,000.00 . 670,000.00 . 670,000.00 . 670,000.00 .

73,770,000.00 . 5,971,000.00 .

2,855,000.00 10. 562,000.00

6, 721,000.00 6.082,000.00 3.017,000.00 3,017,000.00 3,017,000. 00 3,017,000.00 3,017,000.00

3,017, 3,017, 3,017, 3,017, 3,017, 3,017, 3,017, 3,017,

000.00 000.00 000.00 oOO. 00 000.00 000. 00 000.00 000.00

29,964,000.00 32,638,000.00 64,365,000.00 77,986,000.00

25, 556,000.00 2,912,000.00

670,000.00 670,000.00 670,000.00 670,000.00

73,770,000.00 5,971,000.00

ZP

H^ H-l ZP H^ HH O

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CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 28.—Description of puhlic debt issues outstanding J u n e 30, 1970—Continued CO 00

Description Date When redeemable Interest payment Average price Amount issued Amount rethed or payable » date m-i^,-s^. received (per $100)

Amount outstanding 2

INTEREST-BEARING DEBT a—Continued

Special Issues ^—Continued

Govemment life insurance fund—Continued Bonds—Continued

Various dates from June 30 1964.

35^% Series 1977 . . .do 35^% Series 1978 d o . . . . . . . . . 33^% Series 1971 Various dates

from Feb. 1, 1960.

33> % Series 1972 do 33^% Series 1973 do 3 ^ % Series 1974 do 33^% Series 1976 do 33^% Series 1977 do

Highway trust fund: Certificates:

6% Series 1971 June 30,1970..

1977.. 1978., 1971.

.June 30-Dec. 31 Par . . . . do do.. do .do..

1972.. 1973.. 1974.. 1976.. 1977..

National service hfe insurance fund: Notes:

73^% Series 1977 June 30, 1970. 6H% Series 1976 June 30,1969. 63^% Series 1975 June 30, 1968. 4 ^ % Series 1971 June 30,1966.

Bonds: 43^% Series 1981 June 30, 1967... SH% Series 1971 June 30, I960.-. 3 ^ % Series 1972 do 3 ^ % Series 1973 do. . . 3 ^ % Series 1974 do 3 ^ % Series 1975.... . do . . . . 3 ^ % Series 1971 Various dates

from June 30, 1966.

1971 Redeemable after

1 year from date of issue and payable on June 30:

1977 1976 1976 1971 On demand; on

June 30:

1981 1971 1972 1973 1974 1976. 1971

..do., -do., -do.. ..do.. .do..

.do..

-do., .do., .do., -do..

-do., .do., .do., .do., .do..

..do..

..do., -do., .do..

do do do do do do do

$23,807,000.00 48,214,000.00 73,100, 000,00

73,100.000.00 73,100,000.00 73,100,000.00 . 67,799,000.00 49,963,000.00

$1, 282, 000. 00

.do 2,601,737,000.00

$23,807,000.00 48, 214,000. 00 71,818, 000. 00

73,100,000. 00 73,100, 000. 00 73,100,000. 00 67, 799, 000. 00 49,963,000. 00

2,601, 737,000.00

do do do. . . do do do do

669,007,000. 00 306,419.000. 00 332,697,000. 00 644,480,000. 00

226,462,000.00 7,873,000. 00 7,873,000.00 7,873,000.00 7,873,000.00

386,873,000.00 6, 946,000.00

669,007,000.00 305,419,000.00 332,697,000.00 644,480,000. 00

226,452,000.00 7,873,000. 00 7,873,000. 00 7, 873,000.00 7,873,000.00

386,873,000. 00 6, 946, 000. 00

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3^%, Series 1972. do 1972 do do 6,946.000.00 6,946,000.00 3 ^ % Series 1973. do. 1973.. ..do do 6,946,000.00 6,946,000.00 3 ^ % Series 1974 do 1974 '. . .do . . . ! do 6,946,000.00 6,946,000.00 Z%% Series 1975 do. 1975. do do 6,946,000.00 6,946,000.00 3 ^ % Series 1976 do. 1976 do do 6,946,000.00 6,946,000.00 3 ^ % Series 1977 do 1977 do. . . do 7,612,000.00 7,512,000.00 3 ^ % Series 1978 do. . . 1978 do. . . . do 95,560,000.00 95,560,000.00 3 ^ % 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

On demand; on June 30:

3^%o Series 1978 June 30, 1963 1978 June 30-Dec. 31 do 298,259.000.00 298,259,000.00 3 ^ % Series 1976 June 30, 1962 1976 do do.. 43,724,000.00 43,724.000.00 3 ^ % Series 1977 do 1977. do do 386,307,000.00 386,307,000.00 33/g% Series 1976. June 30, 1961 1976 do do.. 343,149,000.00 . . . 343,149,000.00 3% Series 1971 Feb. 1,1960 1971. do do. . . 379,000,000.00 379,000,000.00 3% Series 1972 do 1972 do do 379,000,000.00 379,000,000.00 3% Series 1973 do.. . 1973 do do 379,000,000.00 379,000,000.00 3% Series 1974 . . . do . . 1974 .do do. . 379,000.000.00 379,000,000.00 g

Redeemable after

\-i payable on ZP J u n e 30: g

RaUroad retirement account: Q

1 year from date 2 of issue and

Notes

Bonds:

> 7M% Series 1977 June 30,1970 1977 do. do.. 847,447,000.00 847,447,000.00 tr" 63^% Series 1976 June 30,1969 1976 do do. 647,948,000.00 647,948,000.00 63^% Series 1975. June30,1968 1975 do do. 482,623,000.00 482,623,000.00 > 4 ^ % Series 1974 June 30,1967 1974 . . .do do 416,402,000.00 7,113,000.00 409,289,000.00 ^

On demand; on J3 June 30: "^ fel

,Seriesl974. Variousdates 1974 do do 23,110,000.00 23,110,000.00 g from June 30, KA 1964. "^

41^% Series 1975. do.. 1975 do do 23,110,000.00 23,110,000.00 43^% Series 1976 do. 1976 do .do 23,110,000.00 23,110,000.00 41^% Series 1977 do 1977 do do 23,110,000.00 23,110,000.00 41^% Series 1978. do 1978 do. do. 23,110,000.00 23,110,000.00 4H% Series 1979 do. . . 1979 do do 208,201,000.00 208,201,000.00 41^% Series 1980. do.. 1980 do do 208,201,000.00 208,201,000.00 4% Series 1974. Oct. 5,1963. 1974 do do 185,091,000.00 112,962,000.00 72,129,000.00 4% Series 1975 do. 1975. do do 185,091,000.00 185,091,000.00 4% Series 1976.... do. . . . 1976. do do 185,091,000.00 185,091,000.00 4% Series 1977 .do. 1977 do. do 185,091,000.00 185,091,000.00 4% Series 1978... . . .do 1978 do do 185,091,000.00 185,091,000.00

Railroad rethement holding account:

7^% Series 1971 June30,1970 1971 do do 1,923,000.00 1,923.000.00

Footnotes at end of table. QQ CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 28.—Description of public debt issues outstanding June 30, 1970—Continued O O

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

Railroad retirement supplemental account:

Certificates: 7h% Series 1971 June 30, 1970-

Uneraployment ti-ust fund: Certificates:

5M% Series 1971- -.-.do Veterans' reopened insurance fund:

Certificates: 7M% Series 1971 do

Niotes* 7^% Series 1972-- do 7^% Series 1973 do 75^% Series 1974-- do 7^% Series 1975 do 75^% Series 1976 do 7^% Series 1977 do 6M% Series 1971 June 30, 1969. 6i^% Series 1972-- do 6^% Series 1973 do 6i^% Series 1974 do - . 6^% Series 1975 do 6j^% Series 1976 do

Veterans' special term insurance fund:

Certificates: 4k% Series 1971 June 30.1970.

1971 June 30-Dec 31 Par $17,671,000.00 - $17,671,000.00

do. do do 10,519,939.000.00 - 10.519,939,000.00

do do do 4,960,000.00 '. 4,960,000.00 Redeemable after

1 year from issue date and payable on June 30:

000. 00 000.00 000. 00 000.00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00

1972 . . 1973 1974 1975 1976 1977 1971 1972 1973 . . 1974 1976 1976

O n d e m a n d ; on J u n e 30:

1971 Redeemable after

1 year from issue d a t e a n d payab le on J u n e 30:

. . d o

. . d o

. . d o

. . d o

. . d o

. . d o - d o . . d o . . d o . . d o . . d o - d o

- d o -

. . d o .

. . d o - d o - . d o - - d o . - d o - d o - d o . . . d o -. . d o -- d o - d o

- -do

4,960,000.00 . 4,960,000.00 4,960.000.00 4,960,000.00 4,960,000.00 .

22,346,000.00 17,386,000.00 . 17,386,000.00 17,386,000.00 . 17,386,000.00 17,386,000.00 . 17,386,000.00

3,477,000.00

4,960, 4,960, 4,960, 4,960, 4,960,

22,346, . . . . 17,386,

17,386, 17.386, 17,386, 17,386, 17,386,

3,477.

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Notes: 4M%) Series 1972.... do 1972 .do do. 3,473.000.00 3,473.000.00 4k% Series 1973 ..do 1973 .do .do 3.473.000.00 3,473.000.00 43/%, Series 1974 . . . . . . . . d o 1974 .do do. 3,473,000.00 3,473,000.00 4M% Series 1975 ..do 1975 do do. 3,473.000.00 3,473,000.00 4M% Series 1976 do 1976 d o . . do 3,473.000.00 3,473.000.00 4M% Series 1977 ..do 1977.... -do do. 38,124,000.00 38,124,000.00

Redeemable after 1 year from issue date and payable on June 30:

4M% Series 1971 June 30, 1969- 1971 June 30-Dec 31 do 34,651.000.00 34.651,000.00 4M% Series 1972 do 1972... do do 34,651,000.00 34,651,000.00 4 ^ % Series 1973 do. 1973.. do do 34,651,000.00 34,651,000.00 4>g% Series 1974 do 1974 do do 34,651,000.00 34,651,000.00 jji 45^% Series 1975 ..do 1975 do do 34,651,000.00 34,651,000.00 H^ 4 ^ % Series 1976 ..do 1976 do do 34,651,000.00 34,651.000.00 >

^ H Total special issues.... 78,111,983,000.00 $1,788,892,000.00 76,323,091,000.00 ^

= = = = = = = = = ^ = = = = = = = = = = = = = = = = = = ^ = = = y ^

Total interest-bearing. 535.202,337,111.08 166,201,438,429.26 369,000,898,681.82 {z debt outstanding. ^

. f Footnotes at end of table. ;>

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TABLE 28.—Description of puhlic debt issues outstanding June 30, 1970—Continued O

Title Amount outstandhlg

MATURED DEBT ON WHICH INTEREST HAS CEASED

Old debt matured (issued'prior to Apr. 1, 1917) 21 b 22 $1 23^% postal savings bonds «... 22 First Liberty bonds, at various interest rates d 22 Other Liberty bonds and Victory notes, at various interest rates » 4, Treasury bonds, at various interest rates » 85, Adjusted service bonds of 1945 Treasury notes, at various interest rates » 18, Treasury savings notes a

378,360.26 139,100. 00 493,050. 00 214,800. 00 776,850. 00 879,200. 00 913, 700. 00 272,800.00

Title Amount outstanding

MATURED DEBT ON WHICH INTEREST HAS CEASED—Con.

Treasmy notes, tax series * $72,650.00 Certificates of indebtedness, at various interest rates » 255,300.00 Treasury biUs a 148,981,000.00 Treasmy savings certificates ^ 22 66,675.00 U.S. savings bonds * 54,599,974.05 Arraed Forces leave bonds » 4,711,700.00

Total raatured debt on which interest has ceased 320,755,159.31

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DEBT BEARING NO INTEREST

Special notes of the United States (the notes are nonnegotiable, bear no interest, and are payable on demand): 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 ofthe Second Liberty Bond Act, as amended) 1 $825,000,000.00 Mortgage Guaranty Insurance Corapany Tax and Loss Bonds (issued pm'Suant to Sec. 832(e), Internal Revenue Code of 1954). These securities are exempt

from all taxation now or hereafter iraposed on the principal by any State or any possession of the United States or of any local taxing authority 14, 715,958.09 U.S. savings staraps (Public Debt Act of 1942 (31 U.S.C. 757c)).. 57,242,137.41 Excess profits tax refund bonds were issued under authority of and subject to the provisions of the Second Liberty Bond Act, as araended, and sections

780 to 783, inclusive, of the Internal Revenue C!ode of 1939, as araended. These bonds did not bear interest and were payable at the option of the owner after Jan. 1, 1946. The first series matmed on Dec. 31, 1948, and the second series on Dec. 31, 1949:

Firstseries. . . .--- -. - 346,039.87 Second Series - - 253,838.43

Total excess profits tax refund bonds. - - - 599,878.30

Old demand notes (acts of July 17,1861 (12 Stat. 259); Aug. 5,1861 (12 Stat. 313); Feb. 12,1862 (12 Stat. 338)). (The $60,030,000 issued includes $60,000,000 author­ized to be outstanding and amounts issued on deposits including reissues.) - 22 52,917.50

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 authorized to be outstanding and araounts issued on deposits including reissues.) - - - - 22231,965,114. 70

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

Old series currency (31 U.S.C. 912-916). 22 23 4,844,741.00 Silver certificates (act of June 24, 1967) 22 23 219,965,549.00 National bank notes, redemption account (act of July 14, 1890 (31 U.S.C. 408)) - - 22 23 20,291,071.50

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Federal Reserve bank notes, redemption account (act of Dec 23, 1913 (12 U.S.C. 467)).... 222355,436,488.60

Thrift and Treasury savings stamps. -- 22 3,697,778.26

Total debt bearing no interest - 1,526,350,650.25

SUMMARY

Gross debt (including $30,650,914,301.27 to finance expenditures of Government corporations for which securities of such corporations are held by the Treasury)- 370,848,004,491. 38 Debt of U.S. Government agencies .- 536,989,575.00

Total gross public debt and debt of U.S. Government agencies 371,384,994,066.38 Deduct debt not subject to statutory limitation 24 630,869,861.71 Add participation certificates (12 U.S.C. 1717(c)) . . - - - 2.600,000,000.00 Tota.l debt subject to limitation 24 373,354,124,204.67

1 Payable on date indicated except where otherwise noted. Where two dates are shown for Treasury bonds, first date is earliest caU date and second date is maturity date.

2 Reconciliation by classification to the basis of daily Treasury statement is shown In table 26.

3 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 true discount basis (365 or 366 days a year) which is showii in the sumraary table 26.

4 Redeeraable at par and accrued interest to date of payraent, at any tirae upon the death of the owner at the option of the duly constituted representative of the deceased owner's estate, provided entire proceeds of rederaption are applied to payinent of Fed­eral estate taxes on such estate.

5 Not called for redemption on first call date. CaUable on succeeding interest pay­ment dates.

0 Of this araount $41,313,500 face amount was issued in exchange for Series F and G savings bonds maturing in the calendar years 1963 and 1964, and $93,000 face amount was issued for cash.

7 Of this amount $33,834,500 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.

8 Redeeraable prior to maturity in whole or in part as per agreement. 9 The principal dollar equivalent of this security increased as a result of the revalua­

tion of the Deutsche mark on Oct. 26, 1969. The increase in the principal araount wiU be absorbed by the Exchange Stabilization Fund upon redemption.

10 The principal dollar equivalent of this security increased as a result of the revalu­ation of the Deutsche mark on Oct. 26,1969. The increase in principal dollar equivalent is offset by a corresponding decrease of interest cost over the reraaining term of the security pursuant to revaluation clause as agreed upon with the Deutsche Bundesbank.

11 These bonds are subject to call by the United States for redemption prior to . maturity.

12 Issued at par. Semiannual interest is added to principal. 13 May be exchanged at option of owner for marketable 13^ percent 5-year Treasury

notes, dated Apr. 1 and Oct. 1 immediately preceding the date of exchange. 14 Includes $316,389,000 of securities received by Federal National Mortgage Associa­

tion in exchange for mortgages. -15 Amounts issued and retired for Series E savings bonds and for savings notes in­

clude accrued discount; amounts outstanding are stated at current rederaption values. Araounts issued, retired, and outstanding for Series H are stated at par value.

18 Redeeraable after 1 year frora issue date at option of owner. 17 Unclassified rederaptions of savings notes are included in unclassified rederaptions

of Series E savings bonds beginning May 1,1968. 18 At option of owner, bonds dated May 1, 1941, through Apr. 1, 1952, may be held

and will accrue interest for additional 20 years; bonds dated on and after May 1, 1952, may be held and will accrue interest for additional 10 years.

19 Represents a weighted average of the approximate yields of bonds of various issue dates within the yearly series if held to maturity or if held from issue date to end of applicable extension period, coraputed on the basis of bonds outstanding June 30,1969. (For details of yields by issue dates, see Treasury Circulars No. 663 (Eighth Revision) for Series E and No. 905 (Fifth Revision) for Series H dated Dec. 12, 1969.)

20 At option of owner, bonds dated June 1, 1952, through Nov. 1, 1965, may be held and wiU accrue interest for additional 10 years.

21 For detailed inforraation see 1956 annual report, page 435. 22 Not subject to the statutory debt limitation. 23 After deducting amounts officially estunated to have been lost or irrevocably

destroyed. 24 For statutory limit on the public debt, see tables 30 and 31.

NOTE: Reports of issues and retirements of Treasury bill broken down as to ex­change and cash were discontinued effective with the bUls issued on Mar. 12,1970.

Footnotes continued on following page.

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AUTHORIZING ACTS: (a) Sept. 24,1917, as a m e n d e d . (b) Various. (c) June 25, 1910. (d) Apr . 24,1917.

TAX STATUS: (e) T r e a s u r y bUls are no t considered capital assets under t h e In t e rna l R e v e n u e

Code of 1954. T h e difierence be tween the price paid for t he bUls and the a m o u n t ac­tuaUy received u p o n t h e n sale or r edempt ion a t m a t u r i t y for Federal incorae tax pu r ­poses is to be t rea ted as an ord inary gain or loss for the taxable year in wh ich the t ransact ion occurs.

(f) Income derived from these securities is subject to aU taxes now or hereafter h n ­posed unde r t h e In t e rna l R e v e n u e Code of 1954.

(g) A n y gain or loss derived from the exchange of the following securities wUl be t aken into account for Federa l income tax purposes u p o n the disposition or redempt ion of t he new securities.

Effective date New security of exchange

3M% Bonds 1980- - Oct . 3,1960

3 ^ % Bonds 1990. Oct. 3,1960

33^% Bonds 1998 . . O c t . 3,1960]

33^% Bonds 1980. _ ] .^^ .o/ -R^^H.^ iQR^vn

F o o t n o t e s c o n t i n u e d f r o m p r e v i o u s p a g e .

New security Effective date

of exchange

Security exchanged j % Bonds 1962-67.

23^% Bonds 1963-68. (23^% Bonds J u n e 15, 1964-69. (23^% Bonds Dec . 15, 1964-69.

33^% Bonds 1998-

4% Bonds 1971 . - - Mar .

4% Bonds 1980- Mar .

33^% Bonds 1990- ) y r . . dV2% Bonds 1998- } ^ - ^ •

1 1QR9 }3% Bonds 1964. 1, lyb^ | 2 ^ % Bonds 1965.

1,1962

4% Bonds 1972 (9-15-62) Sept . 15.1962

3 ^ % Bonds 1971 Mar. 15,1963

3 ^ % Bonds 1974 Mar. 15,1963

2 ^ % Bonds 1965. 23^% Bonds Sept. 15, 1967-72. 23^% Bonds J u n e 15. 1967-72. 23*^% Bonds Dec . 15.1967-72. 33^% Certmcates A-1963. 2 ^ % Notes A-1963. 334% Notes E-1963. 334% Certificates B-1963. 3 K % Notes D-1963. 4% Notes B-1963. 33^% certificates C-1963. 3 H % Certificates D-1963. 2M% Bonds 1963.

l 3 % Bonds 1964. '33^% Notes B-1965. 3 ^ % Notes B-1966. 3 % Bonds 1966. .3H% Bonds 1966.

4% Bonds 1980 Mar. 15.1963*

4% Bonds 1973- - - — I gp„^ .o ,QRO 43^% Bonds 1989-94 ) ^^^^' ^ ^ ' ^ ^ ^

4% Bonds 1970 - ) ^^^ 41^% Bonds 1975-85 ( '^^^• 4M% Bonds 1976-85 29,1964

Security exchanged l^}4% Notes B-1966. 3 ^ % Notes B-1966. 33^% Certificates C-1963.

133^% Certificates D-1963. \ 23^% Bonds 1963.

3 % Bonds 1964. 3 % Bonds 1966.

l 3 H % Bonds 1966. ISH% Certificates B-1964. 0 i % Notes A-1964. 3 ^ % Notes D-1964. 3M% Bonds 1966. 4% Notes A-1966. 3 ^ % Notes B-1967.

l 3 ^ % , Notes A-1967. (^J4% Notes C-1964. 5% Notes B-1964. 3M% Notes E-1964.

' 3 ^ % Notes F-1964. 4 ^ % Notes A-1965. 25^% Bonds 1965. 3 K % Notes C-1965. 3 ^ % Notes B-1966.

• 4% Notes A-1966. 3 ^ % Notes B-1967. 3 ^ % Bonds 1966.

/3M% Notes B-1965. 4% Notes E-1965. 35^% Notes B-1966.

( 3 ^ % Notes C-1966. 3M% Notes A-1967. 3 ^ % Bonds 1966. 3 ^ % Bonds 1967.

(h) These issues, being inves tments of various G o v e r n m e n t funds and payable only for the account of such funds, have no present tax l iabi l i ty .

MEMORANDUM RELATING TO OTHER SECURITIES: Securities of t he Uni ted States payab le on presenta t ion:

U .S . registered interest checks payab le $17,759,775.79 U .S . interest coupons due and ou t s t and ing 155,381,879.53 In te res t payable w i t h and accrued discount added to pr incipal

of U.S . s ecu r i t i e s . . 3,974,669.35

To ta l 177,116,324.67

4>^% Bonds 1973 ) j . ^ 04 iORA 4 1 ^ % Bonds 1987-92. J ^^^^ 24,1964

4 1 ^ % Bonds 1974. . . . ) j ^ ^ 434% Bonds 1987-92 . . . { '^^^•

19,1965

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 105

TABLE 29.—Description of agency securities and D.C. Armory Board Stadium bonds subject to statutory limitation, June 30, 1970

[On basis of daUy Treasmy statements, see "Bases of Tables"]

Secmities Rate of

interest Amount

UNMATURED DEBT Percent

District of Columbia Armory Board Stadium bonds of 1970-79 issued under the act of Sept. 7,1957, as amended (2 D.C. Code 1722-1727)12

Federal Housing Administration debentmes issued under the act of June 27, 1934, as amended (12 U.S.C. 1701-1750g)3«

Mutual mortgage insmance fund: Series AA . . . . . . . . . - . Series AA Series AA Series AA Series AA -Series A A . Series AA Series A A Series A A Series AA Series A A Series AA --. Series AA

Cooperative management housing insurance fund: Series NN Series N N . -. . Series N N . Series N N . Series N N . . Series N N .

General msurance fund: General insurance:

SeriesMM.-SeriesMM-. SeriesMM.-SeriesMM . SeriesMM SeriesMM -SeriesMM.. SeriesMM SeriesMM.. SeriesMM SeriesMM . SeriesMM SeriesMM SeriesMM SeriesMM

Armed services housing mortgage hismance fund: Series F F Series FF Series FF Series F F Series F F . Series F F Series FF

Houshig insurance fund: Series BB Series BB . Series BB Series BB SeriesBB SeriesBB SeriesBB. . . . Series BB SeriesBB . SeriesBB SeriesBB .

National defense housing insurance fund: Series GG -Series GG ._ . Series GG Series GG Series GG Series GG Series GG .

Footnotes at end of table.

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$19,800,000. 00

174,200. 00 106,400. 00 79,150. 00

258,200. 00 387,300. 00 927,050. 00 204,400. 00 799,250. 00

2,219,250.00 3,863,900. 00 2,060,800. 00 2,766, 550. 00

906,300.00

2,033,950. 00 1,292,200 00

893,700. 00 635,250. 00

10,582,150. 00 203,400.00

18,965,000. 00 655,900.00 12,850.00 28,900. 00 94,900.00 12,050. 00 47,050. 00

2,027,900. 00 6,021,900.00

92,562,200. 00 76,534,800. 00

162,946,850.00 15,247,400.00 4,384,450.00 9,227,350.00

174,050. 00 19,750.00 10,500.00 47,700. 00 10,000. 00 12,600.00 11,200.00

3,124,100. 00 1, 519,800. 00

294,050.00 1,038,700. 00

211,050. 00 816,550. 00

3,579,450. 00 6,976,600.00 3,724,250. 00 5,187,350. 00 7,692,700.00

8,560,500. 00 1,976,400. 00 5,668,900. 00 4,479,300. 00

50,000. 00 303,750. 00

9,050. 00

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106 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 29.—Description of agency securities and D.C. Armory Board Stadium bonds subject to statutory limitation, J u n e 30, 1970—Continued

[On basis of daily Treasury stateraents, see "Bases of Tables"]

Rate Securities of Araount

interest

UNMATURED DEBT—Continued

Federal Housing Adrainistration debentures issued under the act of June 27, 1934, as amended (12 U.S.C. 1701-1750g)3 4—Continued

Sec 220 housing insurance fund: Percent

Series CC 33^ $4,740,000.00 Series CC 3H 9,251,200.00 Series CC 33/^ 2,336,750.00 Series C C 3M 3,344,000.00

S e c 221 housing insurance fund: Series D D 33^^ 16,700.00 Series DD VA 1,650.00 Series D D ?>% 1,125,050.00 Series D D . 33^^ 8,801,050.00 Series DD 3 ^ 1,392,050.00 Series DD 3> 63,700.00 Series DD 4 51,150.00 Series DD 43^ 116,750.00

Serviceraen's raortgage insurance fund: SeriesEE... . • 2% 25,550.00 Series EE 2/^ 201,700.00 Series E E . . . . . . 3 171,600.00 SeriesEE 33^ 926,050.00 SeriesEE 3K 230,850.00 Series EE 3 ^ 621,450.00 SeriesEE 33^ 1,904,000.00 SeriesEE 3 ^ 757,300.00 Series E E . . . .- Z% 1,097,900.00 Series E E 4 1,150,000.00 Series E E 43/g 2,797,450.00

Ti t le I housing insurance fund: Series R 2% 37,950. 00 Ser iesT. . . 3 114,550.00

War housing insurance fund: Series H 23^ 908,350.00

Subtotal 516,845,950.00

Total unraatured debt 536,645,950.00

MATURED DEBT S

Commodity Credit Corporation, interest 11.25 District of Columbia Armory Board, interest.. 221,025.00 Federal Farm Mortgage Corporation:

Principal i 104,800.00 Interest 29,218.55

Federal Housing Administration: Principal 6,700.00 Interest 2,198.11

Home Owners' Loan Corporation: Principal 232,125.00 Interest 64.198.34

Reconstruction Finance Corporation, interest 19. 25

Total matured debt (principal and interest) : . . . 660,295. 50

Total 537,306,245.50

1 Issued on June 1, 1960, at a price to yield 4.1879 percent, but sale was not consuraraated until Aug. 2, 1960. Interest is payable seraiannually on June 1 and Dec.l. These bonds are redeemable on and after June 1, 1970, and mature on Dec. 1,1979.

2 The securities and the incorae derived therefrora, and gain frora 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 aU taxation, except estate and inheritance taxes, iraposed by the District of Columbia.

3 Issued and payable on various dates. Interest is payable semiannuaUy on Jan. 1 and July 1. All un­matured debentures are redeemable on any interest day or days, on 3 months' notice.

4 Under the Public Debt Act of 1941 (31 U.S.C. 7'12a), income or gain derived frora these securities is sub­ject tolall Federal taxes now or hereafter iniposed. The securities are subject to surtaxes, estate, inheritance, or gift'taxes whether Federal or State, but are exerapt from aU taxation now or hereafter imposed on the principal or interest thereof by any State, raunicipality, or local taxing authority. Debentures issued on contracts entered into before Mar. 1,1941, are exerapt from all taxation except surtaxes, estate, inheritance, •and gift taxes.

« Funds are on deposit with the Treasurer of the United States for payment of principal of $343,625 and Interest of $316,670.50.

NOTE.—For securities held by the Treasury see table 105.

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STATISTICAL APPENDIX 1 0 7

TABLE 30.—Debt subject to statutory limitation, June 30, 1970 [In miUions of dollars]

PART 1.—STATUS UNDER LIMITATION, JUNE 30, 1970

The statutory debt lirait established by the Second Liberty Bond Act, as araended (31 U.S.C. 757b) 1. 377,000

Araounts outstanding subject to statutory debt liraitation: U.S. Governraent securities issued under the Second Liberty Bond Act, as amended.. 370,288 Debt of U.S. Governraent agencies 537 Participation certificates (12 U.S.C. 1717(c)) 2,600

Total amount outstanding subject to statutory debt limitation 373,426

Balance issuable under limitation 3,675

PART I I . -APPLICATION OF STATUTORY LIMITATION, JUNE 30, 1970

Total Classification out­

standing

Public debt: Interest-bearing debt:

Public issues—marketable: Treasury bills 76,154 Treasury notes 93,489 Treasm-y bonds 62,956

Totalmarketable public issues 232,599

Public issues—nonmarketable: Certificates of indebtedness:

Foreign series. 961 Foreign currency series 150

Treasury notes: Foreign series 2,374 Foreign currency series 1,216

Treasury bonds: Foreign series .- 54

Treasury bonds 75 Treasury certificates . 785 U.S. savingsbonds 51,281 U.S. savings notes 742 U.S. retirement planbonds 39 Depositary bonds 25 Treasury bonds, REA series 15 Treasury bonds, investment series 2,387

Total nonraarketable public issues . 60,103

Special issues to Government agencies and trust funds 76,323

Total interest-bearing debt - 369,026

Matured debt on which interest has ceased • 366

Debt bearing no interest: Special notes of the United States:

International Monetary Fund series 826 Mortgage Guaranty Insurance Company tax and loss bonds 15 U.S. savings staraps 68 Excess proflts tax refund bonds 1 1 U.S. notes 323 Deposits for retireraent of national bank and Federal Reserve bank notes 76 Silver certiflcates 220 Other debt bearing no interest '. '. 11

Total debt bearing no interest 1,527

Total public debt 2.... 370,919

Debt of U.S. Government agencies: Interest-bearing debt 537 Matured debt onwhich interest has ceased... (*)

Total debt of U.S. Government agencies 537

Total public debt and debt of U.S. Government agencies 371,456

Deduct deb t not subj ect to limitation 631 Add participation certificates 2,600

Total subject to liraitation 373,425

*Less than $500,000. 1 The following table details amendments to the act. 2 Includes public debt incurred to finance expenditures of wholly-owned Government corporations and

other activities in exchange for which securities of the corporations and activities were issued to the Treasmy. See table 105.

409-714—71 8 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1 0 8 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 31.—Debt limitation under the Second Liberty Bond Act, as amended, 1917-70

Date and act History of legislation Amount of limitation

Sept. U, 1917 40 Stat. 288 Sec. 1 authorized issuance of bonds in the amount of $7,638,946,460 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. 6, 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, increasmg authority for certificates outstanding to 10,000,000,000 40 Stat. 1309 Added sec. 18, authorizing issuance of notes in the amount of 7,000,000,000

Nov. 23,1921 42 Stat. 321 Amended sec. 18, providing limit on notes outstanding . . 7,500,000,000

June 17,1929 46 Stat. 19 Amended sec. 5, authorizing bills in addition to certificates of indebted­

ness outstanding 10,000,000,000 Mar. S, 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 notes outstanding to — 10,000,000,000

Feb. 4,1936 49 Stat. 20 Amended sec. 1, providing limit on bonds outstanding 25,000,000,000 49 Stat. 21 Added sec. 21, consolidating authority for certificates and bills (sec. 5)

and authority for notes (sec. 18) outstandhlg 20,000,000,000 May 26,1938

52 Stat. 447 Amended sec. 21, consolidating authority for bonds, notes, certificates of hidebtedness, and biUs outstanding (bonds limited to $30 biUion).. 45,000,000,000

July 20,1939 53 Stat. 1071 Amended sec. 21, removing limitation on bonds without changing

authorized total of bonds, notes, certtficates of indebtedness, and bUls outstanding 45,000,000,000

June 26,1940 54 Stat. 626 Amended sec. 21, adding new authority for issuance of $4 biUIon

National Defense Series obligations outstanding 49,000,000,000 Feb. 19,1941

66 Stat. 7 Amended sec. 21, elhninating authority for $4 bUlion 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 67 Stat. 63 Amended sec. 21, increasing limitation to. . 210,000,000,000

June 9,1944 68 Stat. 272. . .^ . . Amended sec 21, increasing limitation to . . . — 260,000,000,000

Apr. 3,1946 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 savmgs bonds to be cmrent redemption value and decreasing limitatioii to 275,000,000,000

Aug. 28,1964 68 Stat. 895 Increased sec. 21 limitation by $6 biUion dmhig period beginning

Aug. 28, 1954, and ending June 30,1955 281,000,000,000 June SO, 1966

69 Stat. 241 Amended act of Aug. 28, 1954, extending increase in limitation untU June 30, 1956 281,000,000,000

July 9,1966 70 Stat. 619 Increased sec. 21 limitation by $3 biUion dmmg period beginning

Ju ly l , 1956, and ending June 30, 1957 278,000,000,000 Temporary hicrease terminated July 1,1957, and limitation reverted to. 275,000,000,000

Feb. 26,1968 72 Stat. 27 Increased sec; 21 limitation by $5 biUion during period beginnhig

Feb. 26, 1958, and endhig June 30, 1959.. 280,000,000.000 Sept. 2,1968

72 Stat. 1768 Amended sec. 21, increasing liraitation to $283 biUion, which, with temporary increase of Feb. 26, 1958, made limitatioii 288,000,000,000

June 30,1969 73 Stat. 156 Amended sec. 21, increasing limitation to $285 billion, and increased

sec. 21 limitation by $10 biUion dming period beghining July 1,1959, and endhig June 30,1960 296,000,000,000

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STATISTICAL APPENDIX 1 0 9

TABLE 31. —Debt limitation under the Second Liherty Bond Act, as amended, 1917-70—Continued

Date and act History of legislation Amount of Ihnitation

June 30,1960 74 Stat. 290 Increased sec. 21 limitation by $8 biUion dmmg period beginning

Ju ly l , 1960, and ending June 30,1961 $293,000,000,000 June 30,1961

76 Stat. 148 Increased sec. 21 limitation by $13 bUlion during period beginning July 1, 1961, and ending June 30, 1962 298,000.000,000

Mar. IS, 1962 76 Stat. 2 3 . . . Increased sec. 21 limitation by $2 biUion (in addition to temporary

increase of $13 bUlion m act of June 30,1961) dming period beginnhig Mar. 13,1962, and endhig June 30,1962 300.000,000,000

July 1,1962 76 Stat. 124 Increased sec. 21 liraitation 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 . 305,000,000,000 (3) beginnhig June 25, 1963, and ending June 30, 1963, to 300,000.000,000

May 29,1963 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) beghmmg July 1,1963, and ending Aug. 31, 1963, to 309,000,000,000

Aug. 27,1963 77 Stat. 131 Increased sec. 21 limitation during the period begirming Sept. 1, 1963,

and ending Nov. 30, 1963, to 309,000,000,000 Nov. 26,1963

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 durhig 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 80 Stat. 221 Increased sec. 21 limitation during the period beginning July 1, 1966,

and ending June 30,1967, to - . . 330.000,000,000 Mar. 2,1967

81 Stat. 4 Increased sec. 21 limitation during the period beginning Mar. 2, 1967, and endhig 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

thne t o - . - 368,000,000,000 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 liraitation of 365,000,000,000

April 7,1969 83 Stat. 7 . . . . . . . . Amended sec. 21, increasing limitation to $365 billion, and hicreased

sec. 21 limitation by $12 bUlion dming period beginning Apr. 7,1969, and endmg June 30, 1970 377,000,000,000

June 30,1970 84 Stat. 368- Amended sec. 21, increasing limitation to $380 billion, and increased

sec. 21 limitation by $15 biUion dm-ing period beghining July 1,1970, and endmg June 30,1971 ---- -- - 395.000,000,000

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II. Operations

T A B L E 32.—Public debt receipts and expenditures by classes, monthly for the fiscal year 1970 and totals for 1969 and 1970

[On basis of daily Treasury statements, see "Bases of Tables"]

Receipts (issues) July 1969 August 1969 September 1969 October 1969 November 1969 December 1969 January 1970

regular.

Total marketable issues... . 18, 726,838, 000. 00 16,252,469, 000. 00 14,819, 608, 000. 00 28, 597, 596,000. 00 14, 519,101, 000. 00 15, 027,866, 000. 00 15, 024, 591, 000. 00

Pubhc issues: "^ Marketable: g

Treasury biUs: 2 Regular weekly $9,889,012,000.00 $10,014,537,000.00 $8,796,336,000.00 $11,100,367,000.00 $8,515,618,000.00 $9,516,802,000.00 $11,885,417,000.00 ^ Tax anticipation 3,515,076.000.00 3,000.00 5,011,084,000.00 2,507,707,000.00 3,335,000.00 - . Other 1,200,714,000.00 2,294,937,000.00 1,066,756,000.00 43,000.00 2,220,548,000.00 165,000.00 S

Treasmy notes..

Subtotal- 14,604,802,000.00 10,014,540,000.00 11,091,273,000.00 17,178,207,000.00 11,023.368,000.00 11,740,685,000.00 11,885,582,000.00 M

Exchanges: Treasury bills: rn

Regular weekly 3,618,982,000.00 3,305,892,000.00 2,812,090,000.00 3,929,088,000.00 3,495,837,000.00 2.603,578,000.00 3,144,671,000.00 N Other. 501,500,000.00 911,442,000.00 436,024,000.00 -35,000.00 783,458,000.00 -25,000.00 o

Treasury notes 1.554,000.00 2.932,037,000.00 4,803,000.00 7,054.277,000.00 -69,000.00 145,000.00 -5,637,000.00 ^ Certificates of indebtedness, K

H9 >

Subtotal . . 4,122,036,000.00 6,237,929,000.00 3,728,335,000.00 11,419,389,000.00 3,495,733,000.00 3,287,181,000.00 3,139,009.000.00 td y<

O Nonraarketable: ^

Certificates of indebtedness: . j Foreign series 437,000.000.00 488,000,000.00 645,000,000.00 1,355,000,000.00 555,000,000.00 891,000,000.00 1,258,017,399.32 ^ Foreign currency series 129,824,659.02 79,850,110.41 54,686,772.78 99,791.134.83 H

Depositary bonds 282,000.00 643,000.00 38,000.00 274,000.00 416,000.00 2,553,000.00 283.000.00 fej Treasury notes: .,

Foreign series. 150,000,000.00 175,000,000.00 250,000,000.00 H Foreign currency series 155,964,899.46 30,243.108.06 29,799.029.80 45,486.464.96 g

Treasury bonds: ^ REAseries 50,000.00 30,000.00 30,000.00 ^

U.S; savings notes 31,959,033.85 29,158,104.23 31,794,357.23 35,948,960.72 25,391,699.88 32,972,343.00 28,938,597.78 JH U.S. retireraent plan bond 204,124.14 407,223.21 509,629.43 35,617.42 144,654.56 1,845,504.67 3,123,498.42 ^ 33^% Treasmy bonds.-- - ------ 75,000,000.00 ^ 1% Treasury certificates. 2,801,855.51 ^ 3.50% Treasury certificates 107,224,162.09 77,709,241.97 99,922,916.87 308,678,667.94 66,553,826.57 ' 178,703,289.63 3,546,519.92 6.151% Treasury certificates . - -. 6.182% Treasury certificates - - --

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Receipts (issues) February 1970 March 1970 April 1970 May 1970 June 1970 Total, fiscal year Total, fiscal year 1970 1969

PubUc issues: Marketable:

Treasury biUs: Regular weekly $8,453,581,000.00 $12,414,667,000.00 $15,519,683,000.00 $12,401,120,000.00 $12,422,380,000.00 $130,929,520,000.00 $106,968,977,000.00 Tax anticipation 3,510,668,000.00 600,000.00 14,548,473,000.00 10,789,291,000.00 Other 970,601,000.00 3,401,494,000.00 1,700,269,000.00 3,402,150,000.00 16,257,677,000.00 15,386,307.000.00

Treasury notes 3,313,724,000.00 350,332,000.00 3,664,056,000.00 5,412,973,000.00

Subtotal 9,424,182,000.00 19,326,829,000.00 17,220,552,000.00 15,714,844,000.00 16,174,862,000.00 165,399,726,000.00 138,557,548,000.00

Exchanges: Treasm-y biUs: ZP

Regular weekly 3,642,529,000.00 26,452,667,000.00 37,163,856,000.00 ^ Other.. 533,997,000.00 3.166,361.000.00 5,336,298,000.00 >

Treasury notes 5,951,548,000.00 8,066,000.00 4,396,000.00 15,456,711,000.00 -360,080,000.00 31,047,751,000.00 32,571,515,000.00 H Certificates of hidebtedness, ui

regular.

Subtotal 10,128,074,000.00 8,066,000.00 4,396,000.00 15,456,711,000.00 -360,080,000.00 60,666,779.000.00 75,071,669,000.00 ^

Total marketable issues 19,552,256,000. 00 19,334,895,000. 00 17,224,948,000. 00 31.171.555,000. 00 15,814.782,000. 00 226,066,505,000. 00 213,629,217,000. 00

Nonmarketable: hd Certificates of indebtedness: H^I

Foreign series 1,148,000,000.00 566,000,000.00 601,017,399.32 45,000,000.00 490,000,000.00 8,479,034,798.64 9,873,987,405.54 fel Foreign currency series 49,968.624.35 414,121,301.39 1,127,015,506.26 IzJ

Depositary bonds 16,000.00 90,000.00 260,000.00 112,000.00 368,000.00 5,335,000.00 3,545,000.00 O Treasury notes: H

Foreign series 300,000,000.00 300,000,000.00 200,000,000.00 500,000,000.00 1,875,000,000.00 955,000,000.00 t^ Foreign currency series 30,396,858.30 52,251,457.24 53,385,729.56 23,193,784.07 420,721,331.45 1,274,291,568.03

Treasm-y bonds: REA series . 10,000.00 120,000.00 475,000.00

U.S. savings notes 33,302,084.39 33,949,410.95 21,038,306.95 20,810,041.82 22,065,300.87 347,328,241.67 337,532,473.42 U.S. retireraent plan bonds 242,795.49 337,519.11 273,548.78 217,387.80 724,882.60 8,066,385.63 7,483,903.03 33^% Treasury bonds 75,000,000.00 1%, Treasury certificates. 5,315,864.79 8,117,720.30 10.191,634.43 3.50% Treasury certificates 8.358,102.61. 3,334.37 2,866.05 783,927,308.95 1,634,630,236.97 5.151% Treasury certmcates 8,699,38L01 6.182% Treasury certificates 1,469.340.23

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

t o T A B L E 32.—Puhlic debt receipts and expenditures hy classes, monthly for the fiscal year 1970 and totals for 1969 and 1970—Continued

———— __ Receipts (issues) July 1969 August 1969 September 1969 October 1969 November 1969 December 1969 January 1970 co

<i o

PubUc issues—Continued Nonmarketable—Continued td

6.190% Treasmy certificates . g 6.23% Treasmy certificates ^ 6.238% Treasmy certificates 2 6.400% Treasm-y certificates . G 6.471% Treasmy certificates ^ 6.053% Treasmy certificates Q 6.065% Treasm-y certificates . M 6.167% Treasury certificates 6.199% Treasmy certificates... H 6.330% Treasmy certificates hj 6.45% Treasmy certificates $ 1,858,078.35 . 6.876% Treasury certificates.

fel 7.030% Treasury certificates $1,242,269.06 rc 7.10% Treasmy certificates 328,944.32 td 7.106% Treasmy certificates 1,559,123.41 O 7.172% Treasmy certificates 1,220,387.51 td 7.888% Treasmy certificates $1,264,101.94 fel 8.096% Treasmy certificates 1,588,851.58 H U.S. savings bonds: >

Issueprice 388,684,269.84 $347,643,516.79 $321,110,295.72 403,692,067.82 $274,320,067.04 $345,656,547.47 380,581,625.49 td Accrued discount 167,788,878.87 138,387,728.27 159,257,206.44 151,825,627.99 142,697,450.48 169,172,135.02 172,370,772.13 *< Exchanges, Series H 19,063,500.00 14,193,500.00 13,685,500.00 14,924,000.00 11,134,000.00 13,498,000.00 17,185,000.00

U.S. savings stamps 1,693,594.80 144,552.70 586,546.95 3,093,091.60 1,636,979.25 O Tax and loss bonds 1,023,300.00 1,023,200.00 ^

Total nonmarketable Issues-. 1,441,073,993.13 1,177,736,019.68 1,452,758,866.45 2,503,812,598.41 1,105,456,728.33 1,717,318,966.90 2,263,813,945.62 l i

Total public issues 20,167,911,993.13 17,430,205,019.68 16,272,366,866.45 31,101,408,598.41 15,624,557,728.33 16,745,184,966.90 17,288,404,945.62 fe^

Special issues: y ^

Civil service retirement fund 375,478,000.00 291,937,000.00 262,821,000.00 269,322,000.00 260,303,000.00 365,558,000.00 332,218,000.00 ^ Employees'Ufe insurance fund.. . 46,142,000.00 35,662,000.00 330,000.00 55,000,000.00 54,652,000.00 g Export-Import Bank of the ^

United States. /H Federal Deposit Insurance Corp.. 121,016.000.00 161,653,000.00 162,500,000.00 142,576,000.00 133,155,000.00 137,813,000.00 199,783,000.00 Q Federal disabiUty insurance trust fj

fund 273,614,000.00 354,843,000.00 335,219,000.00 224,337,000.00 228,455,000.00 390,907,000.00 237,800,000.00 ^ Federal home loan banks : . 86,500,000.00 220,000,000.00 297,000,000.00 418,000,000.00 667,500,000.00 703,000,000.00 546,500.000.00 Federal hospital Insurance trust

fund. 343,245,000.00 500,965,000.00 531,350,000.00 275,397,000.00 284,788,000.00 1,043,742,000.00 298,240,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Receipts (issues) February 1970 March 1970 April 1970 May 1970 June 1970 Total, fiscal year Total, fiscal year 1970 1969

PubUc issues—Continued Nonmarketable—Continued

6.190% Treasmy certificates - - - - $1,153,006.74 5.23% Treasury certificates - - - - - 211.77 6.238% Treasmy certificates -.- - --- - -- 2,358,034.48 5.400% Treasury certificates - - - : 1,449,768.36 5.471% Treasury certificates - - -- --- 1,167,967.00 6.053% Treasury certificates- - - 1,202,195.29 6.065% Treasmy certificates - - - ---- 1,830,326.04 6.167% Treasury certificates - - 1,183,941.87 6.199% Treasury certificates --- - 1,802,393.45 6.330% Treasury certificates --- $1,621,009.93 ---- $1,621,009.93 ZP 6.45% Treasury certificates--- - - - - - - 1,858,078.35 H 6.876% Treasury certmcates 1,289,030.03 1,289,030.03 > 7.030% Treasury certmcates - - 1,242,269.06 - g 7.10% Treasury certmcates 328.944.32 jji 7.106% Treasury certmcates - - - 1.559,123.41 -- H^ 7.172% Treasury certmcates - -- - - - ---- 1,220,387.51 ^ 7.888% Treasmy certmcates - ---- - - - ---- 1,264.101.94 s^ 8.096% Treasury certmcates - - 1,588,851.58 P U.S. savings bonds:

Issueprice ._ $382,752,881.90 $426,682,632.70 365,701,25L12 $366,742,788.38 $445,620,793.13 4,449,188,737.40 4,548,181,348.75 > Accrued discount 151,216,425.11 160,165,045.86 156,793,410.42 137,323,320.27 134,418,452.85 1,841,416,453.71 1,788,738,097.60 Hrf Exchanges, Series H . _. 20,864,500.00 24,374,500.00 20,480,000.00 18,254,000.00 21,883,500.00 209,540,000.00 185,239,500.00 ^

U.S. savirigs stamps 3,736,178.25 1,659,250.25 3,126,875.20 529,742.20 16,206,811.20 20,318,350.60 g Tax and loss bonds 985,248.70 1,480,003.93 1,158,765.00 5,670,517.63 5,016,939.60 ^

t)

Total nonmarketable issues.. 1,798,457,592.10 1,544,640,465.87 1,522,208,752.09 844,985,009.08 2,429,206,394.46 19,801,469,332.12 20,159,332,193.60 H

Total public issues 21, 350, 713, 592.10 20,879, 535, 465. 87 18, 747,156. 752. 09 32,016, 540, 009. 08 18, 243, 988, 394. 46 245,867, 974, 332.12 233, 788, 549,193. 50

Special issues: CivU service retirement fund 283,130,000.00 280,213,000.00 290,195,000.00 340,971,000.00 3,323,306,000.00 6,675,4.52,000.00 6,602,629,000.00 Employees'hfe insm-ance fund... 8,852,000.00 60,000,000.00 260,638,000.00 50,000,000.00 Export-Import Bank of the

UnitedStates - 244,405,000.00 Federal Deposit Insurance Corp. 345,715,000.00 333,431,000.00 335,359,000.00 370,056,000.00 76,941,000. 00 2,519,998,000.00 2, 2S8, 942,000. 00 Federal disability insurance

trustfund . . 440,078,000.00 490,450,000.00 419,951,000.00 512,045,000.00 1,839,268,000.00 5,746,967,000.00 4,925,371,000.00 Federal horae loan banks 438,000,000.00 305,500,000.00 203,000,000.00 304,000,000.00 257,000,000.00 4,446,000,000.00 881,200,000.00 Federal hospital insurance trust

fund 404,210,000.00 562,432,000.00 446,974,000.00 641,941,000.00 1,416,912,000.00 6,650,196,000.00 6,156,7'27,000.00 h-l 03

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 32.—Public debt receipts and expenditures by classes, monthly for thefiscal year 1970 and totals for 1969 and 1970—Continued

Receipts (issues) Ju ly 1969 August 1969 September 1969 October 1969 November 1969 December 1969 January 1970 co : . : <i

o Special issues—Continued

Federal old-age and survivors td insmance trust fund $2,149,116,000.00 $2,750,185,000.00 $2,664,607,000.00 $1,759,225,000.00 $2,316,627,000.00 $2,906,186,000.00 $1,792,525,000.00 fel

Federal Savings and Loan Insur- Hrf ance Corp 90,160,000.00 28,066,000.00 26,475,000. 00 18,600,000.00 43,733,000.00 60,392,000. 00 70,445,000.00 O

Federal supplementary medical td insmance trust fund 163,180,000.00 142,901,000.00 153,098,000.00 173,525,000.00 146,220,000.00 153,744,000.00 166,542,000.00 ^

Foreign service retheraent fund.. 847,000.00 1,548,000.00 1,048,000.00 3,671,000.00 2,273,000.00 802,000.00 2,326,000.00 Government lUe insmance fund. 2 Highway trust fund 438,282,000.00 562,773,000.00 388,700,000.00 394,000,000.00 614,733,000.00 471,206,000.00 407,700,000.00 ^ National service hfe insurance ^

fund 28,240,000.00 9,849,000.00 25,656,000.00 1,128,000.00 43,775,000.00 2,600,000.00 \3 Raikoad rethement account 77,326,000.00 165,177,000.00 105,934,000.00 11,852,000.00 141,168,000.00 162,206,000.00 14,392,000.00 g Railroad rethement holding ^

account. 216,000.00 390,000.00 214,000.00 22,000.00 342,000.00 228,000.00 36,000.00 Raikoad retirement supple- \ii

menta ry account . . 2,031,000.00 6,202,000.00 2,018,000.00 208,000.00 3,401,000.00 2.156,000.00 315,000.00 Q Serviceraen's group lUe insur- ^

ance fmid 6,203,000.00 hd Unemployraent t rus t fund 110,595,000.00 709,535,000.00 143,682,000.00 47,617,000.00 413,721,000.00 348,853,000.00 51,769,000.00 H3 Veterans' special term insur- >.

ance fund 1,912,000.00 1,325,000.00 1,077,000.00 2,372,000.00 736,000.00 1,401,000.00 3,045,000.00 ^ Veterans ' reopened insurance KJ

fund- 2,318,000.00 2,244,000.00 2,107,000.00 1,465,000.00 1,856,000.00 2,383,000.00 2,127,000.00 O

Total special issues 4.310,218,000.00 5,960,448,000.00 6,103,736,000.00 3,743,317,000.00 5,259,011,000.00 6,839,352,000.00 4,183,015,000.00 fel

Otherissues: [3^ Federal Reserve banks 1,561,000,000.00 fel International Monetary F u n d

notes H U . N . Special F u n d bonds td Other fel

> Total other issues 1,661,000,000.00 ^ Total public debt receipts 24.478,129,993.13 23,380,653,019.68 22,937,102,866.45 34,844,725,598.41 20,883,668,728.33 23,584,636,966.90 21,471,419,945.62 ^

• H ^

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Receipts (issues) February 1970 March 1970 AprU 1970 May 1970 June 1970 Total, fiscal year Total, fiscal year 1970 1969

Special issues—Continued Federal old-age and survivors insurance trust fund... $2,441,447,000.00 $3,362,105,000.00 $2,888,799,000.00 $3,526,335,000.00 $7,969,076,000.00 $36,526,133,000.00 $31,812,031,000.00 Federal Savings and Loan In­

surance Corp 76,669,000.00 84,466,000.00 86,062,000.00 111,201,000.00 104,381,000.00 800,629,000.00 682,033,000.00 Federal supplementary medical

insmance trust fund... 165,613,000.00 146,905,000.00 171,228,000.00 149,116,000.00 149,267,000.00 1,880,339,000.00 2,108,761,000.00 Foreign service rethement fund.. 1,170,000.00 985,000.00 1,168,000.00 1,374,000.00 8,130,000.00 25,342,000.00 69,101,000.00 Government life insm-ance fund 29,964,000.00 29,964,000.00 32,638,000.00 Highway trust fund. 390,623,000.00 644,300,000.00 421,300,000.00 511,096,000.00 3,039,637,000.00 8,284,350,000.00 6,279,893,000.00 National service life insurance

fund 59,849,000.00 1,128,000.00 569,007,000.00 741,232,000.00 358,346,000.00 rn Raikoad retirement account 208,180,000.00 105,123,000.00 26,734,000.00 141,334,000.00 1,548,138,000.00 2,697,564,000.00 2,267,300,000.00 H Raikoad retirement holding >

account 356,000.00 172,000.00 66,000.00 692,000.00 2,731,000.00 6,465,000.00 11,382,000.00 ^ Railroad retirement supple- t^

mentary account 4, 297,000.00 17, 649,000.00 1,137,000.00 6,543,000. 00 25,330,000.00 70,287,000.00 32, 766,000.00 ^ Servicemen's group Ufe insurance M

fund- - -- - 6,203,000.00 9 Unemployment trust fund 930,150,000.00 93,644,000.00 112,134,000.00 1,086,325,000.00 10,676,612,000.00 14,723,537,000.00 13,925,724,000.00 £ Veterans' special terra insurance ^

fund 1,850,000.00 1,680,000.00 726,000.00 1,176,000.00 60,001,000.00 77,200,000.00 263,021,000.00 s^ Veterans' reopened insmance M

fund 1,911,000.00 2,101,000.00 2,340,000.00 2,484,000.00 54,276,000.00 77,612,000.00 161,137,000.00 y • fel

Total special issues 6,202,000,000.00 6,430,046,000.00 6,408,300,000.00 7,605,689,000.00 31,209,877,000.00 92,245,008,000.00 79,143,407,000.00 ^ - O

I—l Other issues: YA

Federal Reserve banks 1,561,000,000.00 1,905,000,000.00 Intemational Monetary Fund

notes U.N. Special Fund bonds . Other

Total other issues 1,561,000,000.00 1,905,000,000.00

Total pubUc debt receipts.... 27, 552, 713, 592.10 27, 309, 580, 465. 87 24,155, 456, 752. 09 39, 622, 229, 009. 08 49, 453, 865, 394. 46 339, 673, 982, 332.12 314, 836, 956,193. 50

Cn

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 32.—Public debt receipts and expenditures by classes, monthly for the fiscal year 1970 and totals for 1969 and 1970—Continued o

Expend i tu res (ret irements)

Pub l ic issues: Marketable :

T rea su ry b m s : Regular weekly T a x ant ic ipat ion O t h e r . . .

Cer tmcates of indebtedness , regular

Treasu ry notes . . T reasu ry bonds Other

S u b t o t a l . . .

Exchanges : T r e a s u r y biUs:

Regular weekly Other

Cer tmcates of indebted­ness, regular

T rea su ry notes T reasu ry bonds

S u b t o t a l .

To ta l marke tab le i s s u e s . . .

Nonmarke tab le : Adjus ted service bonds A r m e d Forces leave bonds T r e a s m y notes:

Fore ign series Foreign currency series

W i % Treasu ry b o n d s . 1% 'Treasury certif icates. 3.50% Treasu ry cer tmcates . . 5.14%Treasury certificates 5.146% Treasu ry cer tmcates . . 5.151% T r e a s m y c e r t m c a t e s . . . 5.182% Treasm-y cer tmcates ._ 6.186% T r e a s m y c e r t m c a t e s . . .

J u l y 1969

- $6,745,031,000.00 11,159,000. 00

- 4,387,618,000.00

. ............. 82,375,800. 00

3,123. 25

. 11,228,562,923.25

. 3,618, 982,000.00 501,500,000.00 .

. 4,120,482,000.00

. 15,349,044,923.25

4,300.00 22,400.00

25,386,170.43 47, 548, 553.78

1,818,991. 54 .

Augus t 1969

$7,867, 251,000. 00 4,638,000. 00

76,960,000.00

15,000.00 . 406,596, 000. 00

39,311,550. 00 1,600.00

8,394, 773,150. 00

3,305, 892,000.00

2, 929,252,000. 00 2,143, 000.00 .

6,237,287,000. 00

14, 632,060,150.00

5, 750.00 23,800. 00

127, 512. 95 100,182,893. 89

September 1969

$7,867,820,000. 00 1,444,000. 00

3,177,306,000.00

26,275.000.00 36, 289,400. 00

9,539. 75

11,109,143,939. 76

2,812,090,000.00 911,442,000. 00

-75,000.00

3, 723,457,000. 00

14,832, 600,939. 75

4,000.00 24,450.00

150, 550,784. 97 30,106, 530. 80

October 1969

$10,606,429, 000. 00 2, 230,000. 00

1,502, 523,000. 00

3,000.00 97,363,000. 00

1,054,538,600. 00 3,121. 50

13, 263,089,721. 60

3, 929,088,000.00 436,024,000. 00

74,731,000.00 6,956, 813,000. 00

11, 396, 656,000. 00

24, 659, 745, 721. 50

3, 500.00 25,825.00

100,196,307.12 25,101,370. 92

15, 400,038. 70

N o v e m b e r 1969

$8,154, 780,000. 00 3,394,000.00

30,866,000. 00

61,000. 00 2,335,000.00

65,588,800. 00 2, no. 00

8, 257,016,910. 00

3,495, 837,000.00 -35,000.00

-6 ,000 .00 -1,645,000.00

3,494,151,000.00

11, 751,167, 910.00

2,750.00 15,950. 00

3,626, 620. 77 199,576,233.37 ..

7, 810, 431. 06

Deceraber 1969

$8,453, 239,000. 00 1, 758, 789,000.00 2,773,923,000.00

8,000.00 . 1,836,000.00

655, 290, 750. 00 935. 00

13,643,086, 685.00

2, 503, 578, 000. 00 783,458,000. 00

-233,000. 00 -688,000.00

3,286,115, 000. 00

16, 929,201,685. 00

6,200.00 27,475.00

56,342.30

2,700,648.01 . 4, 562,406. 79

J a n u a r y 1970

$11,351,131,000.00 2,925,000. 00

27,540,000. 00

1,341,000. 00 96,707,650. 00

7,906. 75

11,479, 652, 556. 75

3,144,671,000. 00 -25,000.00

-7 ,627,000.00 15, 000. 00

3,137, 034,000. 00

14,616,686, 556. 75

3,600. 00 22,375. 00

250,000,000.00 651.478, 376.46

5,406,964.35

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Expend i tu r e s ( re t i reraents) F e b r u a r y 1970 March 1970 Apri l 1970 May 1970 J u n e 1970 To ta l , fiscal year To ta l , fiscal year 1970 1969

Pub l i c issues: Marke tab le :

T r e a s u r y bills: Regular weekly $7,842,362,000.00 $12,043,175,000.00 $12,021,365,000.00 $12,007,631,000.00 $12,081,804,000.00 $117,042,018,000.00 $95,537,779,000.00 T a x an t ic ipa t ion 1,281,000.00 1,744,753,000.00 4,728,667,000.00 31,500,000.00 4,504,381,000.00 12,795,161,000.00 10,803,479,000.00 Other 1,491,283,000.00 2,957,528,000.00 4,441,943,000.00 111,026,000.00 3,146,322,000.00 24,124,838,000.00 22,761,324,000.00

Certiflcates of indebtedness , reeular 5,000.00 39,000.00 10,000.00 131,000.00 151,500.00

T r e a s u r y no t e s . 830,000.00 606,500.00 87,780,000.00 1,101,550,000.00 387,823,000.00 2,116,711,500.00 4,096,940,200.00 T r e a s u r y bonds 410,603,300.00 303,987,450.00 89,229,850.00 70,306,000.00 63,544,200.00 2,967,773,350.00 5,691,731,100.00 O t h e r . . 1,033.50 7,970.75 8,08L50 6,736.00 7,765.50 59,923.50 212,426.00

Exchanges :

N o n m a r k e t a b l e : Adjus ted service b o n d s . . 6,750.00 7,400.00 10,050.00 6,500.00 8,000.00 68,800.00 90,350.00 A r m e d Forces leave b o n d s . . . 26,600. 00 34,675.00 29,525. 00 25,900.00 31,550.00 310,626.00 344,476.00 T r e a s m y notes:

Foreign series 433,55L51 13,970,546.50 202,670,822.16 783,632.99 85,203,559.54 833,005,851.24 617,383,430.92 Foreign c m r e n c y series 52,204,176.33 53,187,750.14 23.280,176.93 1,182,666,062.62 819,441,684.42

1% T r e a s m y cer tmcates 7,849,378.60 i-10,550,026. 61 10,009,125.37 3.50% T r e a s m y cer tmcates 14,869,151.22 8,045,754.62 8,679,666.43 785,858,039.29 852,451,444.00. 5.14% T r e a s u r y cer tmcates 16,331,770.86 6.146% T r e a s u r y certificates 1,431,353.99 5.151% T r e a s m y certificates 8,699,381.01 5.182% T r e a s m y certificates L 1,469,340.23 5.186% T r e a s m y certificates . . 2,327,853.86

ZP Subto ta l 9,746,360,333.50 17,050,062,920.75 21,369,031,931.50 13,322,029,736.00 20,183,881,965.50 159,046,692,773.50 138,891,617,226.00 H^

> y ^

T r e a s u r y biUs: zp Regular w e e k l y . . . 3,642,529,000.00 26,452,667,000.00 37,163,856,000.00 t^ Other 533,997,000.00 3,166,361,000.00 5,336,298,000.00 f

Certificates of indebtedness , s^ regular . HH

T r e a s m y n o t e s . . . 2,000.00 15,420,792,000.00 -361,442,000.00 18,055,394,000.00 26,038,704,000.00 T r e a s m y b o n d s . . . 5,947,424,000.00 -6 ,000 .00 16,132,000.00 12,920,188,000.00 6,476,609,000.00 >

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Tota l raarketable issues 19,870,310,333.50 17,050,062,920.76 21,369,027,931.50 28,758,953,736.00 19,822,439,965.50 219,641,302,773.50 213,907,084,226.00 ^ = = = O

X

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLF, 32.—Puhlic debt receipts and expenditures by classes, monthly for the fiscal year 1970 and totals for 1969 and 1970—Continued (X)

Expend i tu res ( re tkements ) J u l y 1969 Augus t 1969 Septeraber 1959 October 1969 November 1969 Deceraber 1969 J a n u a r y 1970

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5.190% Treasu ry cer t i f ica tes . . . 6.238% T r e a s m y cer t i f ica tes . . . 5.400% Treasu ry cer t i f ica tes . . . b.'^ivyo T r e a s m y c e r t m c a t e s . . . 5.499% Treasm-y cer t i f ica tes . . . 6.053% Treasury cer t i f ica tes . . . 6.065% T r e a s m y c e r t m c a t e s . . . 6.167% T r e a s m y cer t i f ica tes . . . 6.199% Treasm-y cer t i f ica tes . . . 6.45% Treasury certificates 7.030% Treasm-y c e r t m c a t e s . . . 7.10% Treasury cer tmcates 7.106% Treasm-y c e r t m c a t e s . . . 7.172% T r e a s m y c e r t m c a t e s . . . 7.888% Treasu ry c e r t m c a t e s . . . 8.096% T r e a s m y cer t i f ica tes . . .

Cer tmcates of indebtedness : Foreign series Foreign currency series.

Deposi tary bonds Excess profits tax refund b o n d s . . T reasu ry bonds :

Foreign series Foreign currency series I n v e s t m e n t series R E A s e r i e s . . -

Treasu ry tax and savings n o t e s . . U .S . savings n o t e s . . U .S . ret i reraent p lan bonds U .S . savings bonds :

Matured: Issue pr ice . Accrued discount Series H

U n m a t u r e d : Issue price Accrued discount

$1,202,195.29 . 1,830,326,04 .

$1,858,078.35 .

'"326," 949.'42"!

"l722'o7387r5'l".

472,000, 000. 00 285,404,983.33

2,856,000. 00 621.29

$503, 200,000. 00 79,702,618.50 .

780,000. 00

$704,000, 000. 00

566,'moo'

1,035,800,000. 00 54,372,975. 47

500,000. 00 727. 49

30,000,000. 00

$691,000, 000. 00 29,977,691.02 .

638,000. 00 76.36 .

$918,000,000. 00

6i7,'6o6.'66'

21, 000. 00 281,000. 00

2,500. 00 6,889,446. 85

122,626. 78

126, 534,636. 75 88,046.345. 78 31,957,000.00

341, 206,452.35 17,633,307.99

20, 000. 00 225,000.00

7,025. 00 6, 564, 751. 76

76,896. 07

91,122, 285. 25 63,948,086. 41 20,603,000.00

245,332,517. 93 12,442,832.16

10, 000.00 200, 000. 00

1,825.00 . 8, 724,057. 69

94,596. 05

143, 710, 698.00 100,028, 275. 38 24, 266,000. 00

365,906,385.76 20,028,900. 47

10,000. 00 855,000. 00

;, 080,851.33 134,223.90

112,392. 998. 75 77, 900,504. 52 38, 211,000. 00

309, 755,828.98 15,828,326. 62

10,000. 00 786,000. 00

150. 00 8,395, 226. 69

70,180. 92

103,128, 712. 50 72,331, 696. 92 21, 829, 500. 00

286,191,076.34 15. 084.147. 58

22,000. 00 830,000. 00

8,100. 00 10,095,424. 00

62,460. 76

125, 271,626. 75 89,037,925. 63 21, 554,000. 00

319, 221,983. 98 18, 077,557. 09

$1, 242,269.06

'"l, '56i, 'ii8."3i

738,000, 000. 00 99,856,021. 55

58,000. 00 69.52

118,000. 00 328,000. 00

550. 00 8,743,082.41

212,476.95

92,223,445. 25 66,300, 657. 72 26, 627,500. 00

270,090,694. 51 13, 464,968. 93

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Expenditmes (retirements) February 1970 March 1970 AprU 1970 May 1970 June 1970 Total, fiscal year Total, fiscal year 1970 1969

Public issues—Continued Nonmarketable—Continued

6.190% Tieasury certmcates $1,153,006.74 5.238% Treasury certificates 8,891,352.93 5.400% Treasmy certificates 1,449,768.36 5.471% Treasury certificates 1,167,967.00 5.499% Treasury certificates . 1,137.370.74 6.063% Treasury certificates $1,202,195.29 6.065% Treasury certificates 1,830,326.04 6.167% Treasm-y certificates . 1,183,941.87 6.199% Treasury certiflcates 1,802,393.45 6.45% Treasury certiflcates 1,858,078.35 ZP 7.030% Treasury certiflcates 1,242,269.06 y 7.10% Treasury certiflcates. 326,949.42 > 7.106% Treasury certificates : 1,561,118.31 ^ 7.172% Treasm-y certificates 1,220,387.51 ^ 7.888% Treasury certificates $1,264,101.94 1,264,101.94 ^ 8.096% Treasury certificates 1,588,851.58 1,588,851.58 HH

Certificates of indebtedness: KT Foreign series $827,000,000.00 $585,000,000.00 951,017,399.32 $330,000,000.00 $50,000,000.00 7,805,017,399.32 10,479,987,405.54 t-I Foreign currency series.. 49,872,419.39 54,686,772.78 653,873,482.04 954,993,220.72

Depositary bonds 55,000.00 82,000.00 743,000.00 262,000.00 847,000.00 8,004,500.00 5,880,000.00 > Excess profits tax refund bonds.. 432.53 74.99 20.29 2,022.47 9,731.77 i j Treasury bonds: Hd

Foreign series 30,000,000.00 30,000,000.00 fel Foreign currency series ^ Investraent series.. 4,000.00 8,000.00 10,000.00 16,000.00 249,000.00 753,000.00 O REAseries 370,000.00 875,000.00 515,000.00 650,000.00 320,000.00 6,235,000.00 2,820,000.00 M

Treasury tax and savings notes... 125.00 7,075.00 2,475.00 29,825.00 ^ 15,075.00 i^ U.S. savings notes 10,005,041.42 11,864,957.42 12,430,8n. 25 8,746,598.96 11,084,301.21 110,624,550.99 35,195,908.04 U.S. retireraent plan bonds 302,244.18 202,889.34 193,391.91 122,096.82 237,523.86 1,831,507.54 990,798.26 U.S. savings bonds:

Matured: Issueprice 91,612,370.00 177,376,114.00 161,544,972.25 93,923,947.50 114,702,397.50 1,433,544,204.50 1,395,939,248.50 Accrued discount . . - - 67,443,472.89 130,571,86L 50 117,291,374.90 69,335,918.05 84,659,667.05 1,026,895,786.75 891,157,395.48 SeriesH. 24,776,000.00 35,191,500.00 40,913,000.00 18,401,000.00 27,071,500.00 331,291,000.00 273,112,000.00

Uninatured: Issueprice. . . . 281,816,024.24 354,586,155.08 371,784,088.23 222,930,243.96 280,931,622.60 3,639,752,073.95 3,394,698,293.49 Accrued discount 12,882,551.29 20,862,302.49 25,851,902.33 13,316,194.95 16,484,746.43 201,957,738.33 169,480,562.46

CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 32.—Puhlic debt receipts and expenditures hy classes, monthly for thefiscal year 1970 and totals for 1969 and 1970—Continued tO

Expenditmes (retirements) July 1969 August 1969 September 1969 October 1969 November 1969 Deceraber 1969 January 1970 )->•

CO

Public Issues—Continued "f U.S. Savings Bonds—Continued ^

Exchanges: ^ Series E, F, and J, for series ^

H:

Exchanges:

fel Issueprice $9,404,243.90 $6,093,957.07 $11,451,768.00 $8,500,036.02 $7,195,458.66 $9,'181'; 274.77 $7,045,132.99 3 Accrued discount-- 6,429,897.89 4,339,906.16 8,199,269.30 6,003,193.12 6,034,187.44 6,530,30L13 4,966,378.10 ^

Unclassified: ^ Cash - 31,950,085.95 106,537,367.56 -106,014,066.53 19,689,338.03 -76,416,929.76 -93,922.544.20 187,720,692.89 ^

O Series E, F, and J, for M series H 3,229,358.21 3,759,636.77 -5,965,537.30 420,770.86 -1,095,646.10 -2,213,575.90 5,173,488.91

U.S. savings stamps 1,715,446.10 1,112,075.93 907,797.57 1,013,255.80 858,479.25 1,294,685.05 1,402,494.00 H

Subtotal 1,503,497.790.25 1,246,107,913.41 1,446,791,235.15 1,863,601,487.91 1,376,049,993.02 1,431,021,29L16 2,432,046,356.91 ^

Exchanges: ZP Treasurv bonds, invest- fel

ment series 1,554,000.00 642,000.00 4,878,000.00 22,733,000.00 1,682,000.00 1,066,000.00 1,975,000.00 O :—'. [ 1—'. : — : :—'. '.—: ^

issues 1,505,051,790.26 1,245,749,913.41 1,451,669,235.15 1,886,234,487.91 1,377,631,993.02 1,432,087,291.16 2,434,021,356.91 H

Total public issues. . . . . 16,854,096,713.50 15,877,810,063.41 16,284,270,174.90 26,545,980,209.41 13,128,799,903.02 18,361,288,976.16 17.050,707,913.66 ^

Special issues: ^ CivU service retirement fund 219,306,000.00 210,266,000.00 211,066,000.00 217,687,000.00 221,261,000.00 234,115,000.00 232,726,000.00 2 Employees'life insurance fund.. . 62,464,000.00 69,011,000.00 659,000.00 9,066,000.00 91,738,000.00 ^ Exchange Stabilization Fund ^J Export-Import Bank of the M

United States.. :: . Q Federal Deposit Insurance Corp. 120,432,000. 00 121,016,000.00 182,369,000.00 184,784,000.00 99,576,000. 00 133,155,000.00 137,813,000.00 ^ Federal disability insmance trust j

fund. 246,801,000.00 240,710,000.00 233,102,000.00 234,150,000.00 233,462,000.00 233,903,000.00 248,309,000.00 S Federal home loan bank.. . . 86,500,000.00 140,000,000.00 307,000,000.00 443,500,000.00 225,000,000.00 911,000,000.00 720,500,000.00 g Federal hospital insurance trust s^

fund 425,341,000.00 436,221,000.00 413,307,000.00 374,698,000.00 385,662,000.00 426,500,000.00 383,704,000.00 GQ Federal old-age and survivors CJ

insurance trust fund 2,162,680,000.00 2,144,958,000.00 2,113,895,000.00 2,133,702,000.00 2,100,362,000.00 2,158,324,000.00 2,149,108,000.00 ^ Federal Savings and Loan In- KJ

surance Corp 154,799,000.00 18,482,000.00 36,811,000.00 18,475,000.00 8,100,000.00 43.733,000.00 82,092,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Expenditmes (retireraents) February 1970 March 1970 AprU 1970 May 1970 June 1970 Total, fiscal year Total, fiscal year 1970 1969

Public Issues—Continued U.S. Savings Bonds—Continued

Exchanges: Series E, F, and J, for series

H: Issueprice $7,489,224.51 $12,479,984.92 $15,154,803.02 $9,231,77L26 $10,345,624.90 $113,573,280.01 $112,052,975.21 Accrued discount 5,318,038.35 8,853,78L47 11,106,942.80 6,604,110.94 7,568,769.44 80,954,776.14 74,423,726.44

Unclassified: Cash 105,966,228.68 -56,364,267.85 -152,960,983.62 65,308,766.45 83,503,678.84 114,897,366.44 212,851,786.45

Exchanges: Series E, F, and J, for series

H 8,057,237.14 3,040,733.61 -6,781,745.82 2,418,117.81 3,969,105.66 15,011,943.85 -1,237,201.65 ZP U.S. savings stanips 1,344,768.60 2,022,096.95 1,917.403.73 1,971,608.37 4,305,976.95 19,866,088.30 17,263,296.45 g

Subtotal 1,509,651,230.95 1,308,703,560.04 1,872,870,40L 52 897,236,158.19 1,598,281,114.09 18,484,758,532.60 19,544,701,788.89 ^ — = ^ = ^ = = —"•- ZP

Exchanges:

Special issues:

H^

Treasury bonds, Investraent S series 4,124,000.00 8,066,000.00 4,400,000.00 19,787,000.00 1,362,000.00 72,169,000.00 56,202,000.00 >

^ Total nonmarketable

issues 1,513,775,230.95 1,316,769,560.04 1,877,270,401.52 917,023,158.19 1,599,643,114.09 18,556,927,532.60 19,600,903,788.89 > - — = = Hd

To ta l publ ic issues 21,384,085,564.45 18,366,832,480.79 23,246,298,333.02 29,675,976,894.19 21,422,083,079.59 238,198,230,306.10 233,507,988,014.89 2 fel 125

Civil service retirement fund 235,336,000.00 238,052,000.00 340,831,000.00 348,867,000.00 2,392,922,000.00 5,102,435,000.00 4,921,812,000.00 O Employees' life insurance fund.. . 17,700,000.00 .- 250,638,000.00 H Exchange Stabilization Fund - 721,841,347.94 ^ Export-Import Bank of the

United States - - - - - . - - - 244,405,000.00 Federal Deposit Insmance Corp.. 213,821,000.00 331,677,000.00 342.431,000.00 619,810,000.00 79,605,000.00 2,566,489,000.00 2,342,429,000.00 Federal disabihty insurance trust

fund 231,921,000.00 277,463,000.00 334,194,000.00 302,339,000.00 1,538,147,000.00 4,354,501,000.00 3,774,415.000.00 Federal home loan banks 334,500,000.00 427,500,000.00 231,500,000.00 316,000,000.00 156,000,000.00 4,299,000,000.00 981,200,000.00 Federal hospital insurance trust

fund 450,186,000.00 458,279,000.00 420,665,000.00 540,433,000.00 1,241,818,000.00 5,956,814,000.00 5,525,551,000.00 Federal old-age and survivors

insurance trust fund 2,149,526,000.00 2,542,857,000.00 2,949,291,000.00 2,670,900,000.00 7,297,245,000.00 32,572,848,000.00 29,047,178,000.00 Federal Savings and Loan Insur­

ance Corp -. 48,745,000.00 78,919,000.00 83,105,000.00 94,562,000.00 125,901,000.00 793,724,000.00 644,697,000.00

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 32.—Puhlic debt receipts and expenditures by classes, monthly for the fiscal year 1970 and totals for

E x p e n d i t m e s ( re t i rement )

Special i ssues—Cont inued Federa l supp lemen ta ry medical

1n.«inrancft t m s t fund _. , . Fore ign service r e t h e m e n t f u n d . . G o v e r m n e n t life i n smance f u n d . . H i g h w a y t rus t fund N a t i o n a l service Ufe insurance

fund Rai l road re t i r ement account Rai l road re t i r ement holding

account Rai l road re t i r ement supple­

m e n t a l account Servicemen 's g roup Ufe insur­

ance f u n d . U n e m p l o y m e n t t rus t fund Ve te rans ' special life insurance

fund Ve te rans ' reopened Insurance

fund

T o t a l special Issues

O t h e r i s s u e s : Federa l Reserve b a n k s In t e rna t iona l Mone ta ry F u n d

n o t e s . . O the r

T o t a l o ther Issues

T o t a l p u b h c d e b t expendi­t u r e s .

Excess of receipts , or expendi tures

J u l y 1969

$169,624,000.00 1,243,000.00 6,964,000.00

373,960,000.00

16,565,000. 00 125,531, 000. 00

3, 681,000. 00

165,839, 000.00

4, 331, 630, 000. 00

355,185. 00

355,185.00

21,186, 081, 898. 50

3, 292,048,094. 63

Augus t 1969

$158,484,000.00 1,338,000.00 5,968,000. 00

369,357,000. 00

13, 965,000. 00 201, 747, 000. 00

2,006.000.00 -

1, 647,000.00

202, 658, 000. 00

4,327, 834, 000. 00

284, 686. 50

284, 686. 50

20, 205, 928, 749. 91

3,174, 724, 269. 77

September 1969

$287,482,000. 00 1,236,000.00 5,949,000.00

476,613,000. 00

21, 226,000.00 126, 673,000.00

5, 602,000.00

171,175, 000. 00

4, 593,164,000. 00

1, 561,000,000. 00 -

488,440. 00

1, 561, 488,440. 00

22,438, 922, 614. 90

498,180, 251. 55

October 1969

$160,388,000.00 1,331,000. 00 5.932.000.00

627,244,000. 00

14, 512,000.00 134,179, 000.00

3, 551,000. 00

135,357,000. 00

4.589.490, 000. 00

457,470. 00

457,470. 00

31,135, 927,679. 41

3, 708, 797, 919. 00

N o v e m b e r 1969

$167,761,000.00 1. 239.000. 00 5,920.000.00

307,434,000. 00

9, 022.000. 00 132.368, 000. 00

664,000.00 .

899,000.00

137, 348, 000. 00

4, 036, 078, 000. 00

398, 075. 00

398, 075. 00

17,165, 275, 978. 02

3, 718, 292, 750. 31

1969 and 1970 -

December 1969

$174, 824,000. 00 1, 284,000. 00 4,909,000. 00

386, 267,000. 00

18,413,000.00 126,040,000.00

3, 977,000.00

243,893,000. 00

5,109, 403, 000. 00

560, 863. 00

560, 863. 00

23, 471, 252, 839.16

113,284,127.74

-Continued

J a n u a r y 1970

$162,858,000.00 1,446,000. 00 5,889,000. 00

368,280,000. 00

20, 320, 000.00 141, 305,000.00

20,000. 00

175,000. 00

327, 972, 000. 00

5, 074,254, 000. 00

276, 018.00

276,018. 00

22,125, 237, 931. 66

- 6 5 3 , 817, 986. 04

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Expenditures (retkeraents)

Special issues—Continued Federal suppleraentary medical

insurance tuust fund Foreign service retirement fund- - -Government Ufe insurance fund.-Highway trust fund National service Ufe insurance

fund --Railroad retirement account Railroad retireraent holding

accoun t-RaUroad retireraent supple­

mental account Servicemen's group hfe insmance

fund Unemployment trust fund Veterans' special term insurance

fund Veterans' reopened insurance

fund

Total special issues

Otherissues: Federal Reserve banks International Monetary Fund

notes _ Other

Total other issues.

Total pubUc debt expendi­tures

Excess of receipts, or expenditures (-) —

F e b r u a r y 1970

$200,152,000.00 1,317,000.00 5,872,000. 00

198,654,000.00

19,292,000.00 132,701,000.00

596,000.00..

4,077,000.00

649,"i28',"o"o"o'.'o'o"

4,893,524,000.00

333, 735.00

333, 735.00

26, 277, 943, 299. 45

1, 274, 770, 292. 65

March 1970

$217,843,000.00 1,395,000.00 7,783,000.00

586,924,000.00

28,155,000.00 162,739,000.00

3,991,000.00

" " ' '4'l'7','9'8'8','0'0'0".'0'0''

5, 781, 565,000.00

360,748.00

360,748.00

24,148, 758, 228. 79

3,160,822, 237.08

AprU 1970

$162, 692,000. 00 1,460,000.00 4,378,000.00

316,834,000.00

23, 643,000. 00 139,746,000. 00

604,000.00 .

4, 365,000.00

" " "3'6'5','3'l'6','o'o'o'.'o'o''

968,000.00 .

5, 722,023,000. 00

428,132.00

428,132.00

28, 968, 749,465.02

- 4 , 8 1 3 , 292, 712. 93

May 1970

$192,830,000.00 1, 732,000. 00 5,814,000.00

269,034,000.00

13, 613,000. 00 134, 557,000.00

4, 240,000.00

6,203,000.00 . 531,449,000.00

6,052,383,000.00

429, 257. 00

429,257.00

35, 728,789,151.19

3,893,439,857.89

J u n e 1970

$179, 955,000.00 6, 619,000.00 9, 674,000.00

3,025,747,000.00

381,014,000.00 834, 560,000.00

1,906,000.00

21, 739,000.00

10,812,407,000.00

51,010,000.00

43,805,000.00

28, 200,074,000.00

504,308.00

504, 308.00

49,622,661,387. 59

-168,795,993.13

To ta l , fiscal year 1970

$2, 224,893,000. 00 21, 638,000.00 75,052,000.00

7,195,348,000. 00

579, 740, 000. 00 2, 392,146,000. 00

5,796,000. 00

57,844,000. 00

6,203,000.00 . 14,160, 530,000.00

51, 978,000.00

43,805,000.00

82, 711,422, 000. 00

1, 561,000,000.00

4,876, 917. 50

1, 565,876, 917. 50

322,475, 529, 223. 60

17,198,453,108. 52

Tota l , fiscal year 1969

$2,032,203,000.00 63,641,000.00 67, 207,000. 00

6,745,482,000.00

460,442,000. 00 2,123, 597,000. 00

14, 297, 000.00

42,799,000.00

12,775,930,000.00

234, 550,000. 00

116,528,000.00

71,880,204,347.94

1, 905,000,000.00

1,384,000,000.00 17,916,415.14

3,306, 916,415.14

308, 695,108, 777. 97

6,141,847, 415. 53

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TABLE 33.—Changes in public debt issues, fiscal year 1970

[On bas is) Pub l i c D e b t accounts , see "Bases of T a b l e s " !

td Issues . O u t s t a n d m g Issues d m i n g year R e d e m p t i o n s Transferred to Ou t s t and ing fel

J u n e 30, 1969 du r ing year m a t u r e d deb t J u n e 30,1970 » *TJ O td

I N T E R E S T - B E A R I N G D E B T ^

P u b l i c I s s u e s 2 fel Marke tab le :

T r e a s m y bills, series -matming: 2 Regula r weekly: G

Ju ly 3, 1969. $2,704,845,000.00 $2,704,791,000.00 $54,000.00 W J u l y 10, 1969. 2,703,920,000.00 2,703,797,000.00 123,000.00 fe^ J u l y 17, 1969... 2,701,700,000.00 2,701,592,000.00 108,000.00 J u l y 24, 1969- 2 ,698 ,432 ,000 .00 . . 2,698,390,000.00 4 2 , 0 0 0 . 0 0 . . S

Regula r m o n t h l y : }i J u l y 31-Aug. 31, 1969 (Str ip issue) 3 400,730,000.00 400,730,000.00 HH J u l y 31, 1969 4 4,209,103,000.00 4,209,058,000.00 45,000.00 g

Regula r weekly : i-a Aug . 7,1969 2,800,762,000.00 2,800,689,000.00 73,000.00 S Aug . 14, 1969 2,802,095,000.00 2,802,061,000.00 34,000.00 ^ Aug . 21, 1969. 2,804,614,000.00 2,804,508,000.00 106,000.00 H* Aug . 28, 1969 . . . 2,802,134,000.00 2,801,904,000.00 230,000.00

Regula r m o n t h l y : O Aug . 31, 1969 4 1,505,643,000.00 1,505,643,000.00 fel

Regula r weekly : Sept. 4, 1969 2,802,014,000.00 2,801,522,000.00 492,000.00 H^ Sept . 11, 1969 ..-..- 2,800,296,000.00 2,800,240,000.00 56,000.00 S Sept . 18-Oct. 30, 1969 (Str ip issue) 5 . . . $2,120,538,000.00 2,120,638,000.00 fel Sept . 18, 1969 2,700,612,000.00 (6) 2,700,612,000.00 Sept .25,1969 2,701,027,000.00 («) 2,699,978,000.00 1,049,000.00 y^

Regula r m o n t h l y : td Sept . 30, 1969 1,501,007,000.00 1,500,972,000.00 35,000.00 fel

Regula r weekly : t> Oct .2 ,1969 1,100,404,000.00 6 1,600,180,000.00 2,700,535,000.00 4 9 , 0 0 0 . 0 0 . . . . 2 Oct. 9, 1969 . - : . . . 1,101,261,000.00 6 1,599,732,000.00 2,699,771,000.00 1,222,000.00 2 Oct. 16, 1969 1,100,975,000.00 6 1,601,561,000.00 2,702,500,000.00 36,000.00 td Oct. 23, 1969 1,102,578,000.00 6 1,600,718,000.00 2,703,269,000.00 2 7 , 0 0 0 . 0 0 . . . . ^ Oct . 30, 1969 1,099,921,000.00 6 1,601,313,000.00 2,701,200,000.00 34,000.00

Regula r m o n t h l y : Oct. 31, 1969 1,502,309,000.00 1,502,223,000.00 86,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Regular weekly: Nov. 6, 1969 1,300,282,000.00 1,602,140,000.00 Nov. 13, 1969 1,300,474,000.00 1,689,729,000.00 Nov. 20, 1969 1,300,740,000.00 1,601,668,000.00 Nov. 28, 1969 1,300,016,000.00 1,600,219,000.00

Regular m o n t h l y : N o v . 3 0 , 1969 1,501,001,000.00

Regula r weekly : Dec. 4, 1969 1,301,356,000.00 1,602,411,000.00 Dec. 11, 1969 1,300,610,000.00 1,600,216,000.00 Dec. 18, 1969 1,100,761,000.00 1,801,038,000.00

T a x ant ic ipa t ion: Dec .22 , 1969 1,762,646,000.00

Regula r weekly : Dec . 26, 1969 1,100,270,000.00 1,800,570,000.00

Regu la r m o n t h l y : D e c . 3 1 , 1969 1,499,702,000.00

Regula r week ly : Jan. 2, 1970 2,911,209,000.00 Jan. 8, 1970 2,902,671,000.00 Jan. 15, 1970 2,905,533,000.00 Jan. 22, 1970 2,900.192.000.00 Jan. 29, 1970 2,900,641,000.00

Regula r m o n t h l y : J an . 31, 1970. . . . 1,500,666,000.00

Regula r weekly : Feb. 5, 1970 3,004,928,000.00 Feb. 13, 1970 2,999,807,000.00 Feb. 19, 1970 3,003,574,000.00 Feb. 26, 1970 :... 3,001,646,000.00

Regular m o n t h l y : F e b . 28, 1970 1,500,540,000.00

Regula r week ly : Mar. 5, 1970 3,000,814,000.00 Mar. 12, 1970 ....:... 3,001,333,000.00 Mar. 19, 1970 3,002,144,000.00

T a x ant ic ipa t ion: M a r . 2 3 , 1970 1,752,433,000.00

Regular weekly : Mar . 26, 1970 3,010,463,000.00

Regula r m o n t h l y : Mar . 31, 1970 1,501,357,000.00

Regular week ly : Apr. 2, 1970 3,010,715,000.00 Apr. 9, 1970 3,004,613,000.00 Apr. 16, 1970 . 3,005,119,000.00

Footnotes at en d of table .

2,902,349,000.00 2,890,149,000.00 2, 902,351,000. 00 2, 900, 111, 000. 00

1, 500,860,000. 00

2, 903, 747,000. 00 2,900,777,000. 00 2,899, 706, 000. 00

1,762,616,000. 00

2, 900,817, 000. 00

1,499,573,000. 00

2, 911,084,000. 00 2, 902,420,000. 00 2, 905, 332,000. 00 2,899, 928,000. 00 2, 900, 516,000. 00

1, 500, 472,000. 00

3, 004, 766,000.00 2, 999, 595, 000. 00 3, 003,410, 000. 00 3, 001,162,000. 00

1, 500,349,000. 00

3,000,224,000. 00 3,000,475,000. 00 3,001, 678,000. 00

1, 748,894,000. 00

3, 010,107,000.00

1, 500,838,000. 00

3,007,955,000. 00 3,000, 916,000. 00 3,004,155,000. 00

73,000.00 54,000.00 57,000.00

124,000.00

141,000.00

20,000.00 49,000.00

2,093,000.00

30,000.00

23,000.00

129,000.00 ZP H3

125,000.00 > 251,000.00 H 201,000.00 SQ 264,000.00 H 125,000.00 HH

194,000.00 ^

162,000.00 t> • 212,000.00 y^

164,000.00 y^ 484,000.00 fel

191,000.00 O

590,000.00 R 858,000.00 466,000.00

3,539,000.00

356,000.00

519,000.00

2,760,000.00 3,697,000.00 : .

964,000.00

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 33.—Changes in puhlic debt issues, fiscal year 1970—Continued <ji

Issues Outstandmg Issues durmg year Redemptions Transferred to Outstandhlg ^ June 30,1969 durmg year matured debt June 30,19701 ^Q

: ^ INTEREST-BEARING DEBT-Cont inued ^

td Publicissues—Continued fej

Hd Marketable—Continued M

Treasmy biUs' series maturing: 2—Conthiued H^ Tax anticipation:

Apr. 22, 1970.... . $4,767,244,000.00 $4,766,904,000.00 $10,340,000.00 Q Regular weekly: hcj

Apr.23, 1970 3,002,462,000.00 3,001,186,000.00 1,276,000.00 Regular monthly: H

Apr.30,1970 . $1,000,634,000.00 3,501,686,000.00 4,600,033,000.00 2,287,000.00 [l} Regular weekly: ^j

May 7, 1970 3,002,349,000.00 3,000,006,000.00 2,343,000.00 May 14, 1970. 2,993,940,000.00 2,991,363,000.00 2,587,000.00 ZP May21,1970 . 3,002,992,000.00 3,000,877,000.00 2,115,000.00 fel May28, 1970 3,002,293,000.00 3,000,213,000.00 2,080,000.00 O

Regular monthly: g May31, 1970 1,000,225,000.00 600,319,000.00 1,499,035,000.00 1,509,000.00 g

Regular weekly: HJ June4, 1970 3,001,707,000.00 2,998,545,000.00 3,162,000.00 > June 11, 1970 2,998,363,000.00 2,993,697,000.00 4,666,000.00 3 JunelS, 1970 3,003,419,000.00 2,996,519,000.00 6,900,000.00 ^

Tax anticipation: -. June22,1970 4,607,950,000.00 4,499,604,000.00 8,346,000.00 g

Regular weekly: ^ June 26, 1970 3,013,205,000.00 2,999,505,000.00 13,700,000.00 ^

Regular monthly: M June30, 1970 1,201,406,000.00 600,267,000.00 1,642,843,000.00 68,830,000.00 g

Regular weekly: ^ July 2, 1970 3,001,941,000.00 $3,001,941,000.00 , July 9, 1970 3,009,340,000.00 .....^ 3,009,340,000.00 3 July 16, 1970 3,007,674,000.00 3,007,674,000.00 S July 23, 1970 3,006,897,000.00 3,006,897,000.00 g July 30, 1970 3,001,595,000.00 3,001,596,000.00 g

Regular monthly: r j July 31, 1970 1,702,317,000.00 1,702,317,000.00 g

Regular weekly:. ^ Aug.6, 1970 3,003,349,000.00 3,003,349,000.00 ^ Aug. 13, 1970 3,002,694,000.00 3,002,694,000.00 Aug. 20, 1970 2,987,356,000.00 2,987,355,000.00 Aug.27, 1970 3,102,755,000.00 3,102,756,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Regular m o n t h l y : A u g . 3 1 , 1970 1,701,192,000.00 1,701,192,000.00

Regular weekly : Sept 3 1970 . . - - - 3,102,690,000.00 - 3,102,590,000.00 Sept . 10, 1970 - - - - - - 3,104,310,000.00 3,104,310,000.00 Sept . 17^ 1970 3,105,940,000.00 3,105,940,000.00

T a x an t ic ipa t ion : Sept . ^ , 1970 1,758,200,000.00 1,758,200,000.00

Regular weekly : Sept . 24, 1970 3,103,440,000.00 3,103,440,000.00

Regular m o n t h l y : Sep t .30 , 1970 1,505,392,000.00 1,605,392,000.00

Regula r weekly : O c t . l , 1 9 7 0 . . . . . . 1,301,180,000.00 1,301,180,000.00 O c t . 8 , 1970 1,304,990,000.00 1,304,990,000.00 Oct . 15, 1970 1,300,850,000.00 . . . 1,300,850,000.00 Oct . 22, 1970 1,302,550,000.00 1,302,650,000.00 jji Oct . 29, 1970 1,301,230,000.00 1,301,230,000.00 H^

Regular m o n t h l y : > Oct . 31, 1970.- - - - 1,604,368,000.00 - - 1,504,368,000.00 g

Regula r weekly : ^ N o v . 5, 1970 . 1,301,030,000.00 1,301,030,000.00 ^ N o v . 12, 1970-. 1,301,680,000.00 1,301,680,000.00 w N o v . 19, 1970. 1,303,530,000.00 . 1,303,630,000.00 ^ N o v . 27, 1970 1,300,780,000.00 1,300,780,000.00 U

Regular m o n t h l y : N o v . 30, 1970 1,501,273,000.00 1,501,273,000.00 ^

Regular weekly : hd Dec . 3, 1970 1,306,400,000.00 1,306,400,000.00 ^ Dec . 10, 1970 1,302,860,000.00 1,302,860,000.00 fej Dec . 17, 1970 1,302,670,000.00 1,302,670,000.00 ^ Dec . 24, 1970 1,302,570,000.00 1,302,570,000.00 Q

Regula r m o n t h l y : h-j D e c . 3 1 , 1970 1,602,463,000.00 1,502,463,000.00 X J a n . 31, 1971 1,503,356,000.00 1,503,356,000.00 F e b . 28, 1 9 7 1 . . . - 1,700,107,000.00 - . 1,700,107,000.00 M a r . 3 1 , 1971 1,701,620,000.00 1,701,620,000.00 A p r . 3 0 , 1971 1,200,150,000.00 1,200,150,000.00 May 31, 1971. . 1,200,170,000.00 1,200,170,000.00 J u n e 30, 1971 . . . 1,201,430,000.00 1,201,430,000.00

T o t a l T rea su ry bills 68,356,422,000.00 191,354,948,000.00 183,414,175,000.00 142,967,000.00 76,154,238,000.00

Foo tno tes a t end of tab le .

to

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

r>o 00

TABLE 33.—Changes in public debt issues, fiscal year 1970—Continued CO

Issues Outstanding Issues during year Redemptions Transferred to Outstandhlg ^ June 30,1969 durhig year matured debt June 30,19701 ^

td

INTEREST-BEARING DEBT—Continued ^

Public Issues—Continued

Marketable—Continued Treasury notes:

O td

o 6% Series c-1969 $3,366,089,000.00 $3,364,668,000.00 $1,421,000.00 w 5% Series A-1970 7 ,676 ,487 ,000 .00 . . . . 1,000.00 $7,675,486,000.00 5 ^ % Series B-1970 7,792,815,000.00 7,790,446,000.00 2,369,000.00 i^ 6 ^ % Series C-1970 8,759,344,000.00 $4,181,000.00 8,757,380,000.00 6,145,000.00 h< 6 H % Series D-1970 2,329,382,000.00 6,000.00 - - - . 2,329,388,000.00 S 534%, Series A - 1 9 7 1 . . . 4,265,031,000.00 4,265,031,000.00 5 ^ % Series B - 1 9 7 1 . . . 1,734,117,000.00 1,734,117,000.00 ^ i 5 ^ % Series C-1971 2,508,556,000.00 2,508,556,000.00 fej 7M% Series D-1971 2,923,633,000.00 . 2,923,633,000.00 O 8% Series E - 1 9 7 1 . . . 4,176,493,000.00 4,176,493,000.00 td 8 ^ % Series F-1971 2,254,520,000.00 2,254,520,000.00 fel 7M% Series G-1971 10,714,243,000.00 10,714,243,000.00 H 4M% Series A-1972 .• 2,005,629,000.00 ^ 2,005,629,000.00 > 4 ^ % Series B-1972 5,310,014,000.00 5,310,014,000.00 td 7^%, Series A-1973 5,868,201,000.00 . 5,868,201,000.00 •"< 83^% Series B-1973 1,845,649,000.00 1,845,649,000.00 ^ 53^-% Series A-1974 3,981,078,000.00 3,981,078,000.00 Q 5 H % Series B-1974 10,283,922,000.00 10,283,922,000.00 ^ 5M% Series A-1975 5,148,443,000.00 5,148,443,000.00 j 6% Series B-1975 6,759,985,000.00 6,759,985,000.00 G 6K% Series A-1976 3,726,056,000.00 12,702,000.00 3,738,758,000.00 W 6M% Series B-1976 2,696,999,000.00 17,000.00 2,697,016,000.00 ^ 1/2% Series C-1976 1,682,961,000.00 1,682,961,000.00 _ 8% Series A-1977 5,168,470,000.00 5,168,470,000.00 ^ 13^% Series EO-1969 158,926,000.00 158,925,000.00 1,000.00 S 13^% Series E A - 1 9 7 0 . . . 87,529,000.00 87,452,000.00 77,000.00 g 13^% Series EO-1970 113,131,000.00 113,131,000.00 5g 13^% Series EA-1971 35,435,000.00 35,435,000.00 Xj 13^% Series EO-1971 • 71,827,000.00 71,827,000.00 g 13^% Series EA-1972 33,951,000.00 33,951,000.00 ^ 13^% Series EO-1972 33,217,000.00 33,217,000.00 ^ 13^% Series EA-1973 33,750,000.00 33,750,000.00 13^% Series EO-1973 29,764,000.00 - . . - 29,764,000.00 13^% Series EA-1974 6,442,000.00 27,441,000.00 33,883,000.00 .

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13^% Series E0-1974 41,702,000.00 41,702,000.00

13^% SeriesE A-1975. _, 2,480,000.00 2,480,000.00

Total Treasury notes 78,946,919,000.00 34,722,699,000.00 20,158,872,000.00 10,013,000.00 93,500,733,000.00

Treasmy bonds: 23^% of 1964-69 (dated Sept. 15, 1943) 2,484,750,500.00 2,474,411,000.00 10,339,500.00 23 %o of 1965-70 2,281,375,000.00 2,250,041,000.00 31,334,000.00 2K% of 1966-71 1,221,491,000.00 1,909,000.00 1,219,582,000.00 23^% of 1967-72 (dated June 1, 1945) 1,243,363,500.00 5,803,000.00 1,237,560,500.00 23^% of 1967-72 (dated Oct. 20, 1941) 1,951,367,750.00 224,900.00 1,951,142,850.00 23^% of 1967-72 (dated Nov. 15, 1945) 2,594,287,000.00 20,409,000.00 2,573,878,000.00 4% of 1969 (dated Oct. 1, 1957) 6,240,799,000.00 . 6,226,340,500.00 14,458,500.00 4% of 1970 (dated June 20, 1963) 4,129,236,500.00 4,129,236,500.00 4% of 1970 (dated Jan. 15, 1965) . 4,381,419,000.00 4,381,419,000.00 4%ofl971 2,805,626,500.00 8,000.00 2,805,618,500.00 3 ^ % of 1971 2,760,415,000.00 2,760,415,000.00 ZP 4% of 1972 (dated Sept. 15, 1962) 2,578,547,000.00 2,578,547,000.00 J^ 4% of 1972 (dated Nov. 15, 1962) . 2,343,509,500.00 2,343,509,500.00 > 4%ofl973 3,893,832,500.00 5,000.00 3,893,827,500.00 H 4H%ofl973 4,348,871,000.00... 3,079,000.00 4,345,792,000.00 ZP 43^% of 1974 3,128,429,500.00 1,065,000.00 3,127,364,500.00 h^ 434% of 1974 3,585,205,500.00 2,565,000.00 3,582,640,500.00 tt 33^%ofl974 2,240,215,500.00 972,000.00 2,239,243,500.00 ) l 434% of 1975-85 1,214,501,500.00 987,000.00 1,213,514,500.00 p 3)^% of 1978-83 1,557,872,500.00 11,471,000.00 1,546,401,500.00 4%ofl980 . 2,598,199,500.00 3,690,000.00 2,594,509,500.00 > 33^% of 1980 1,906,394,000.00 .-- 1,502,000.00 1,904,892,000.00 H J 334% of 1985 1,096,687,000.00 16,827,000.00 1,079,860,000.00 g 4J^% of 1987-92 3,814,895,500.00 2,901,000.00... 3,811,994,500.00 g 4% of 1988-93 249,138,500.00 931,000.00. 248,207,500.00 Zj 43/g% of 1989-94 1,658,614,000.00 3,904,500.00 1,554,709,500.00 O 33^%ofl990 - ' .- 4,848,143,500.00 69,591,000.00 4,778,552,500.00 H 3%ofl995 . 1,478,536,000.00 161,787,500.00 1,316,748,500.00 ^ 33^% of 1998 4,261,264,000.00 151,805,000.00 4,109,459,000.00

Total Treasmy bonds 78,796,987,250.00 15,793,648,400.00 66,132,000.00 62,947,206,850.00

Total marketable issues 226,100,328,250.00 226,077,647,000.00 219,366,695,400.00 209,102,000.00 232,602,177,850.00

Footnotes at end of table.

to CO

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TABLE 33.—Changes in public debt issues, fiscal year 1970—Continued

Issues Outstanding Issues during year Rederaptions Transferred to Outstanding June 30,1969 during year matured debt June 30, 19701

INTEREST-BEARING DEBT-Cont inued

Public Issues—Continued

CO

o

td fel yji o td y ^

Nonraarketable: Q Certificates of indebtedness: w

5.424% foreign series --- $500,000,000.00 $250,000,000.00 $250,000,000.00 ^ 6.10% foreign series 1,000,000.00 1,000,000.00 yq 6.15% foreign series $7,000,000.00 7,000,000.00 H 6.20% foreign series ' " 100,000,000.00 123,000,000.00 223,000,000.00 B 6.30% foreign series - 15,000,000.00 15,000,000.00 - 6.35% foreign series .- 45,000,000.00 45,000,000.00 rn 6.40% foreign series --- 271,017,399.32 271,017,399.32 M 6.45% foreign series - - -- 141,300,000.00 121,300,000.00 20,000,000.00 Q 6.50% foreign series - 270,000,000.00 200,000,000.00 70,000,000.00 td 6.60% foreign series ' - - 180,000,000.00 382,200,000.00 562,200,000.00 fel 6.65% foreign series .- --- 100,000,000.00 - 100,000,000.00 i^ 6.80% foreign series ---. 450,000,000.00 200,000,000.00 250,000,000.00 > 6.85% foreign series 260,000,000.00 260,000,000.00 td 6.90% foreign series - 322,500,000.00 322,500,000.00 *< 7.00% foreign series - 258,000,000.00 258,000,000.00 - . . 7.05% foreign series 505,000,000.00 505,000,000.00 2 7.10% foreign series -- . - . 830,000,000.00 830,000,000.00 ^ 7.15% foreign series 251,000,000.00 251,000,000.00 ^ 7.20% foreign series. . - .- 917,500,000.00 917,500,000.00 3 7.25% foreign series ' ' 100,500,000.00 100,500,000.00 g 7.35% foreign series - 17,500,000.00 17,500,000.00 ^ 7.45% foreign series . 200,000,000.00 200,000,000.00 7.50% foreign series 40,000,000.00 40,000,000.00 \^ 7.70% foreign series - 1,116,000,000.00 1,116,000,000.00 - g 7.75% foreign series .- 212,500,000.00 212,500,000.00 ^ 7.80% foreign series - -- 210,000,000.00 210,000,000.00 - ^ 7.85% foreign series - - 30,000,000.00 30,000,000.00 - ^ 7.90% foreign series . - -.- 130,000,000.00 130,000,000.00 M 8.00% foreign series.... -. 524,017,399.32 524,017,399.32 . - - l^ 8.10% foreign series - - 256,000,000.00 256,000,000.00 ^

Total foreign series certmcates. 287,000,000.00 8,479,034,798.64 7,805,017,399.32 961,017,399.32

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Treasury notes: 4.66% foreign series. 85,000,000.00 85,000,000.00 5.30% foreign series 200,000,000.00 200,000,000.00 5.34% foreign series • 50,000,000.00 50,000,000.00 5.35% foreign series 10,000,000.00 10,000,000.00 5.42% foreign series 25,000,000.00 25,000,000.00 5.50% foreign series : 8,000,000.00 8,000,000.00 6.70% foreign series.. . . : 12,000,000.00 12,000,000.00 5.74% foreign series 15,035,014.85 15,035,014.85 5.90% foreign series 100,000,000.00 100,000,000.00 5.93% foreign series 75,000,000.00 75,000,000.00 5.97% foreign series . 20,000,000.00 20,000,000.00 6.00% foreign series 117,000,000.00 117,000,000.00 6.02% foreign series 75,000,000.00 75,000,000.00 . 6.21% foreign series 50,000,000.00 50,000,000.00 6.25% foreign series 300,000,000.00 300,000,000.00 6.30% foreign series 50,000,000.00 50,000,000.00 . ZP 6.375% foreign series 100,000,000.00 100,000,000.00 t^ 6.40% foreign series 40 ,000 ,000 .00 . . - 7,970,836.39 . . - 32,029,163.61 £ 6.70% foreign series 100,000,000.00 100,000,000.00 3 6.79% foreign series 100,000,000.00 100,000,000.00 ZP 6.84% foreign series 100,000,000.00 100,000,000.00 ^ 7.125% foreign ser ies . . 100,000,000.00 . ' . . . . 100,000,000.00 o 7.35% foreign series 125,000,000.00 125,000,000.00 > 7.46%o foreign s e r i e s . : : 200,000,000.00 .• 200,000,000.00 tr" 7.55% foreign series 100,000,000.00 100,000,000.00 7.60% foreign series 200,000,000.00 200,000,000.00 l> 7.63% foreign series 200,000,000.00 200,000,000.00 ^ 7.65% foreign series 200,000,000.00 200,000,000.00 2 7.80% foreign series 50,000,000.00 . . . 50,000,000.00 g 7.85% foreign series. 100,000,000.00 100,000,000.00 ^ 7.95% foreign ser ies . . 150,000,000.00 150,000,000.00 O 8.00% foreign series 50,000,000.00 50,000,000.00 M 8.10% foreign series 100,000,000.00 100,000,000.00 "^

T o t a l foreign series notes 1,332,035,014.85 1,875,000,000.00 833,005,85L 24 2,374,029,163.61

Treasury bonds: 4.25% foreign series. 83,929,634.25 30,000,000.00 63,929,534.25

Certmcates of indebtedness: 6.00% foreign currency series 162,625,858.52 152,625,858.62 6.125% foreign currency series.- 49,733,98L03 49,733,98L03 6.20% foreign currency series _ 132,779,124.81 . . . . . ' . 132,779,124.81 6.25% foreign currency series. 54,372,975.47 64,372,975.47

Footnotes at end of table.

00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 33.—Chahges in puhlic debt issues, fiscal year 1970—Continued

•CO bO

Issues Outstanding Issues during year Redemptions Transferred to Outstanding ^ June 30,1969 dmhig year matured debt June 30,1970 i g

INTEREST-BEARING DEBT-Cont inued

Public Issues^-Continued

Nonmarketable—Continued- . . . . Certificates of indebtedness—Continued o

7.00% foreign currency series $29,968,637.47 $29,968,637.47 M 7.10% foreign currency series -. 29,977,691.02 29,977,691.02 S 7.45% foreign currency series - 49,872,419.39 49,872,419.39 - . . . 7.50% foreign cmrency series 99,856,02L55 99,856,02L65 rn 7.73% foreign cmrency series 54, 686,772.78 64,686,772.78 fej 8.08% foreign currency series 99,791,134.83 $99,791,134.83 Q 8.125% foreign currency series 49,968,624.35 49,968,624.35 td

Total foreign currency series certmcates '.'. . . . . . ' . $389,511,939.83" 414,121,301.39 6 5 3 , 8 7 3 , 4 8 2 . 0 4 . . . . 149,759,759.18 y^ .. . >

Treasury notes: td 3.05% foreign currency series . U34,590,058.25 134,590,058.25 K< 4.43% foreign currency ser ies . _ . 7134,019,834.92 134,019,834.92 ^ 5.20% foreign currency series - 124,393,58L 29 7_i24,393,58L29 O 5.25% foreign currency series 125,760,853.16 125,760,853.16 ^ 5.28% foreign currency series 125,495,708.05 8 10,005,646.96 '. 135,501,355.00 ^ 5.30% foreign currency series 25,554,652.11 25,554,652.11 2 5.38% foreign c m r e n c y series - 124,865,769.30 124,865,769.30 . . . : . g 5.40% foreign c m r e n c y series 125,425,118.79 125,425,118.79 fel 5.46% foreign currency series 124,884,48L 85 124,884,481.85 5.587o foreign currency series 22,396,675.13 22,396,675.13 ^ 5.65% foreign currency series 50,144,164.47 50,144,164.47 2 5.73% foreign cur rency series 125,505,158.26 8 9,996,196.74 135,501,355.00 ^ 5.77% foreign currency series 100,182,893.89 100,182,893.89 gt 6.90% foreign currency series 25,151,878.65 25,151,878.65 XH 6.125%o foreign c u r r e n c y ser ies 124,987,501.25 124,987,50L 25 g 6.15% foreign c m r e n c y series --- 52,204,176.33 52,204,176.33 - - - - ZA 6.16% foreign currency series 30,106,530.80 30,106,530.80 ^ 6.20% foreign currency series 69,515,650.94 .- 69,515,650.94 6.23% foreign currency series 124,263,737.36 7-124,263,737.36 6.25% foreign currency series- --.- 174,811,835.33 8 10,395,014.61 49,705,494.94 135,501,355.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

6.33% foreign currency series 25,101,370.92 25,101,370.92 6.35% foreign cmrency series 27,742,457.52 - - - 27,742,457.52 -. 6.37% foreign currency series '. 50,006,250.78 50,006,250.78 6.375% foreign currency series 23,280,176.93 23,280,176.93 6.40% foreign currency series 25,445,292.62 25,445,292.62 6.44% foreign currency series-- - 49,720,323.18 -- 49,720,323.18 -6.75% foreign currency series 52,251,457.24 .- 62,251,457.24 6.89% foreign currency series 100,857,871.55 - --- 100,857,87L 55 7.55% foreign currency series - 133,550,110.32 133,550,110.32 7.60% foreign currency series-_ - - . . 52,992,813.87 52,992,813.87 7.70% foreign currency series . 48,009,874.88 48,009,874.88 7.73% foreign currency series 27,790,643.82 27,790,643.82 7.85% foreign currency series . . . . : 30,243,108.06 30,243,108.06 8.10% foreign currency series •. 25,533,890.44 25,533,890.44

Total foreign currency series notes 1,977,804,110.46 420,721,331.45 1,182,666,062.62 . 1,215,859,379.29 ZP

3K% Treasury bonds 75,000,000.00 75,000,000.00 ^

6.065% Treasury certmcates, maturing July 1, 1969 318,884.41 -- 318,884.41 t^ 6.065% Treasury certificates, maturmg July 3, 1969._ 1,511,441.63 1,511,441.63 ZP 6.053% Treasu ry cer tmcates , m a t u r m g J u l y 31, 1969 1,202,195.29 1,202,196.29 g 6.456% T r e a s u r y certificates, m a t u r i n g Oct . 1, 1969. 323,719.49 323,719.49 Q 6.456% Treasu ry cer tmcates , m a t u r h i g Oct. 3, 1969_ 1,534,358.86 1,534,358.86 > 7.172% Treasu ry certificates, m a t u r m g Oct . 31, 1969. . 1,220,387.51 1,220,387.51 tr" 1% Treasury certmcates, maturmg Dec. 15, 1969 2,700,648.01 2,700,648.01 7.106%, Treasmy certificates, maturhig Jan. 1, 1970.- 328,944.32 328,944.32 > 7.106%, Treasury certmcates, maturhig Jan. 3, 1970 1,559,123.41 1,559,123.41 H 7.030%o Treasury certmcates, maturing Jan. 31, 1970 1,242,269.06 1,242,269.06 2 8.096% Treasury certificates, maturing Apr. 1,1970 2,030.34 2,030.34 g 8.096% Treasury certmcates, maturhig Apr. 3, 1970.... . 1,586,821.24 1,586,82L24 2 7.888% Treasury certmcates, maturhig Apr.30, 1970 1,264,101.94 1,264,10L94 g 1% Treasury certmcates, maturing June 15, 1970 2,801,855.51 2,801,855.51 U 3.50% Treasury certmcates, maturmg June 30, 1970.... • . . . . . - - - 852,451,444.00 852,451,444.00 ^ 6.330% Treasury certmcates, matming July 1,1970 2,071.43 2,071.43 6.330% Treasury certificates, maturing July 3,1970. _ 1 1,618,938.50 1,618,938.50 6.876%, Treasury certmcates, maturmg July 31, 1970 1,289,030.03 1,289,030.03 1%, Treasury certmcates, maturing Dec. 15, 1970.... 6,315,864.79 5,047,523.09 268,34L70 3.50%Ti-easury certmcates, maturing June 30,. 1971 782,178,792.97 782,178,792.97

Total Treasury certmcates 6,733,169.34 1,654,719,753.40 875,095,748.11 785,357,174.63

Footnotes at end of table.

CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in public debt issues, fiscal year 1970—Continued CO

Issues Outstanding June 30,1969

Issues during year Redemptions during year

Transferred to matured debt

Outstanding June 30,1970 i

INTEREST-BEARING DEBT—Continued

Public Issues—Continued

Nonmarketable—C ontinued U.S. savingsbonds:'

SeriesE-1941.... $215,290,241.55 SeriesE-1942 . . . - - 935,031,649.00 Series E-1943 - . . . 1,472,691,230.31 Series E-1944... . . - - - . - : 1,806,616,758.49 Series E-1945 1,593,527,965.88 SeriesE-1946... 897,921,190.02 Series E-1947 1,003,685,490.59 Series E-1948 1,127,494,086.69 Series E-1949 1,194,874,948.49 Series E-1950 . \ : 1,096,994,339.82 Series E-1951... 946,630,416.69 Series E-1952 (January to April). : 326,888,292.06 Series E-1952 (May to December) 687,921,137.81 Series E-1953 1,248,116,565.24 Series E-1954 1,342,025,162.17 Series E-1955 1,455,653,446.28 Series E-1956 1,450,831,913.96 Series E-1957 (January). 129,304,366.90 Series E-1957 (February to December) 1,299,937,695.76 Series E-1958 - -- 1,522,493,090.94 Series E-1959 (January to May) 636,730,411.29 Series E-1969 (June to December) 859,284,137.21 SeriesE-1960.... 1,612,295,867.09 Series E-1961 1,794,977,843.74 SeriesE-1962... 1,810,321,632.87 SeriesE-1963.... 2,190,109,034.11 Series E-1964 2,127,586,068.00 Series E-1965 (January to Noveraber) 1,900,942,095.70 Series E-1965 (December).... 205,338,139.02 Series E-1966 : 2,458,548,120.60 Series E-1967..-.-.- 2,565,652,387.00 Series E-1968 (January to May) _ 1,121,086,933.68 Series E-1968 (June to December) 1,624,890,008.52 Series E-1969 (January to May) - - •• 1,401,648,450.00 Series E-1969 (June to December) '•61,703,681.25

$9, 086,803. 01 • 38,743,960. 08 59, 687, 965. 63 72,481,232. 31 63,289, 781. 27 36,461,705. 75 40,846, 953.14 45,820,461. 92 53,495, 573. 42 50, 606, 559. 47 41,352, 650.11 13,927,881. 76 29,167,858. 99 51, 821,042. 57 64,352,268. 37 67.438.190. 48 57, 961, 073. 73 5,253,036. 52

52, 690, 974. 97 61, 291, 737.13 26,661. 026. 01 34, 600,229.13 64,897, 572. 40 71,073,909. 88 90,669, 618. 25 99,108,610.43 94, 780,476. 92 84,753,173. 52 8, 679,748. 05

104, 262, 714. 05 103,285, 949. 86 48,094,249. 67 65, 067,976. 68 131,345,321.06

2,405, 033,196. 80

$21, 397, 86,112,

136, 772, 167,255, 147,244,! 82,389,' 90, 552, i 104,357, 117,803, 105,195, 85,357, 29,483, 63,055,

113,840, 123, 759, 136,704, 139,840,; 12,406,'

128,160,1 158,897, 70,101, 100,034, 171,379, 201, 538, 192,314, 179,852, 196,186, 175, 534, ( 19, 764,1

264, 361, 306, 522,; 161,721, 318,181, 494,294, 920, 891,1

,260.48 $202,979,784.08 ,914.42 887,662,694.66 630.23 -.. 1,395,606,565.71 549.48 .... 1,711,842,441.32 272.63 1,509,573,474.52 977.80 851,992,917.97 066.21 953,880,377.52 615.84 ... 1,068,956,932.77 569.49 1,130,566,952.42 358.25 1,042,405,541.04 523.33 902,625,543.47 044.22 311,333,129.60 477.28 .. 654,033,519.52 450.79 1,186,097,157.02 497.79 1,272,617,932.75 ,628.27 . 1,376,387.008.49 349.23 1,368,952,638.46 223.42 122,151.180.00 668.83 -. 1,224,468,001.90 535.14 1,424,887,292.93 216.02 592,290,221.28 263.47 793,750,102.87 517.45 1,505,813,922.04 303.23 1,664,513,450.39 866.70 1,708,676,384.42 336.68 2,109,365,307.86 610.41 2,026,179,934.51 637.83 1,810,160,631.39 642.80 194,253,244.27 602.43 2,298,449,232.22 289.66 2,362,416,047.20 401.42 1,007,459,781.93 769.33 1,371,776,215.87 578.01 1,038,699,193.05 038.90 --.. 1,546,845,839.15

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Series E-1970. . . Unclassmed sales and r e d e m p t i o n s . 40, 717, 589. 07

1,800, 972,225. 00 -15,368,886.63

288, 519,112. 50 . -205,307.67 .

1, 512,453,112. 50 25, 554,010.11

T o t a l Se r i e sE -- 44,165,662,387.80 6,112, 594,821. 71 6,111,579,492.30 - - . 44,166,677,717.21

SeriesH-1952 Series H-1953 SeriesH-1954 SeriesH-1955 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) SeriesH-1960 SeriesH-1961 SeriesH-1962 Series H-1963. _ . SeriesH-1964 Series H-1965 ( Janua ry to N o v e m b e r ) . . Series H-1965 (December) SeriesH-1966 SeriesH-1967 Series H-1968 ( Janua ry to May) Series H-1968 ( June to Deceraber) Series H-1969 ( January to May) Series H-1969 ( June to December) Series H-1970 Unclassified sales and redempt ions

51,915,000.00 . 145,217,500.00 . 277,070,500.00 . 390,237,500.00 . 347,430,000.00 .

28,976,500.00 . 262,755,500.00 . 397,052,500.00 . 187,648,500.00 . 215,517,000.00 . 654,038,500.00 . 703,300,500.00 . 613,875,000.00 . 578,864,500.00 . 531,054,000.00 . 446,959,000.00 .

39,046,500.00 . 654,965,000.00 481, 362, 500. 00 189,275, 500. 00 225,281, 500. 00

r 162,834, 500. 00 r 13,673,000. 00

5, 033, 000. 00

8,000. 00 1,000. 00

22,000.00 38, 500.00

1, 510, 500.00 178,781,000. 00 186, 649,000. 00

2,324, 500. 00

6,187,000.00 . 16,918,000.00 . 33,791,500.00 . 46,462,500.00 . 39,474, 500. 00 .

3,250,500.00 . 29,997, 500. 00 . 53,074,000. 00 . 27,500,500.00 . 37,012,000.00 . 83,334,500.00 . 66,963,000.00 . 58,235,500.00 . 51,180,000.00 . 46,486,600.00 . 36,746,000.00 .

2, 684, 500. 00 . 42,462,000. 00 . 34,826,500.00 . 11,826,500.00 . 13,695,500.00 . 10,084,000.00 . 6, 556, 500.00 .

300,500.00 . 706, 000. 00 .

7, 503,383, 500. 00 Tota l Series H

To ta l U .S . savings bonds .' - - - - - - - 51,669,045,887.80

369,334, 500.00 758, 755, 500. 00 .

6,481, 929, 321. 71 6,870,334, 992. 30 .

U . S . savings n o t e s : ' Series S-1967.--Series S-1968 ( J anua ry to May) Series S-1968 ( June to December ) -Series S-1969 . - . . Series S-1970 Unclassified

87,253,769. 65 86,480,105. 06

183,167,789.86 139,706,715.00

2,438,314. 00

3,713, 554. 03 3,406,494. 40

10,177,383. 02 228,285,924. 04

95,527,876. 50 847, 932. 75 ,

18,250,826.56 . 20,684,296.97 55,811,221.90 . 30,738,000.93 ,

40,763.25 .

To ta l U . S . savings no t e s .

Footnotes a t end of table.-

498, 046,693. 57 341, 959,164. 74 125, 525,109. 61

45, 728, 000. 00 128,299, 500. 00 243,279, 000. 00 343,775,000. 00 307, 955, 500. 00 25,726,000. 00 232,758,000. 00 343,978, 500.00 160,148,000. 00 178, 505,000. 00 570, 704, 000. 00 636, 337, 500. 00 555, 639, 500. 00 527, 684, 500.00 484, 567, 500. 00 410,213,000. 00 36, 362, 000. 00 512, 511, 000. 00 446, 537,000. 00 177,471, 000. 00 211, 624, 500. 00 154,261,000. 00 186, 897, 500. 00 186, 348, 500. 00 6, 651, 500. 00

7,113, 962, 500. 00

51, 280, 640, 217. 21

72, 716,497.12 68,202, 302. 49 137, 533, 950. 98 337,254, 638.11 95,487,113. 25 3,286, 246. 75

714,480, 748. 70

ZP

I h-l ZP

> ^ hH o > Hd Hd

CO. On-

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 33.—Changes in puhlic debt issues, fiscal year 1970-—Continued

CO

Issues Outstanding Issues during year Redemptions Transferred to Outstanding ^ June 30,1969 dmmg year matmed debt June 30,19701 ^

INTEREST-BEARING DEBT—Continued S . f e l

Publicissues—Continued Q Nonmarketable—Continued td

uLuaiiiBi/auit;—v^ouiiuuBU i_j U.S. retkement plan bonds:*''

3.75%. $15,868,099.69 $595,598.48 $1,066,976.39 $16,396,722.78 Q 4.15%. : . . . . : 17,168,103.75 6,316,801.86 823,445.24 . 22,661,460.37 M 6% . 1,001,750.00 3,650.00 998,100.00 Unclassmed 18,974.39 39,650.00 -22,648.09 ' 81,172.48 ^

Total U.S. retkement plan bonds . : . . - 33,055,177.83 7,953,700.34 1,871,422. 54 - - . -L - - 39,137,455.63 §

Depositary bonds: zp FkstSerles - - - 27,913,600.00 74,185,500.00 76,855,000.00 - 25,244,000.00 fej

= O Treasury bonds, REA Series 20,770,000.00 145,000.00 6,260,000.00 - 14,655,000.00 td

• • fel Treasury bonds, investment series: '^

2 ^ % Series B-1975-80--.- ----- 2,458,392,000.00 - 71,872,000.00 - - - - - 2,386,520,000.00 > - td

Total nonmarketable-- - - 58,783,237,027.93 19,824,769,871.67 18,532,377,067.78. - 60,075,629,83L 82 K| Total pubhc issues- 284,883,565,277.93 245, 902, 416,871. 67 237,899,072,467.78 $209,102,000.00 292,677,807,681. 82 O

—T fel Special Issues ^

CivU service retirement fund: hH 7Ji certmcates 283,130,000.00 283,130,000.00 ^ 73^% certmcates 332,218,000.00 332,218,000.00 , 7H% certmcates : . 981,870,000.00 981,870,000.00 3 714% certmcates. . 365,558,000.00 365,558,000.00 S 7% certmcates 830,711,000.00 830,711,000.00 e 6^% certificates 262,821,000.00 262,821,000.00 . ^ 6^% certmcates 667,415,000.00 667,415,000.00 JH 7^% notes 2,951,729,000.00 2,951,729,000.00 g 63^% notes 2,909,267,000.00 2,909,257,000.00 ^ 5 ^ % notes 1,628,319,000.00 1,628,319,000.00 ^ 4J^% notes. . . 1,826,348,000.00 40,692,000.00 1,785,656,000.00 4M% notes 1,758,171,000.00 1,758,171,000.00 43/8% notes. ----- 69,699,000.00 69,699,000.00 --.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

43^% bonds 3,888,607,000.00 72,775,000.00 3,816,832,000.00 3J^% bonds 1,944,434,000.00 80,227,000.00 1,864,207,000.00 3 ^ % bonds 1,173,248,000.00 - 60,976,000.00 1,112,272,000.00 27^% bonds- 468,190,000.00 221,412,000.00 246,778,000.00 2 ^ % bonds 1,640,497,000.00 - 832,931,000.00 807,566,000.00

Employees life insurance fund: 8.10%, certmcates 54,652,000.00 54,652,000.00 7.90%, certmcates 8,852,000.00 8,852,000.00 7.50% certmcates 55,000,000.00 55,000,000.00 7.15% certificates- - 35,662,000.00 35,662,000.00 -7.13% certmcates - 60,000,000.00 --- 60,000,000.00 7.00% certmcates 330,000.00 330,000.00 -6.45% certmcates --- 46,142,000.00 46,142,000.00 6.10% certmcates-- - 50,000,000.00 --.- 50,000,000.00

Federal Deposit Insurance Corporation: 8.10% certmcates 199,783,000.00 199,783,000.00 --7.89% certmcates 345,715,000.00 345,715,000.00 C/j 7.48%, certmcates 137,813,000.00 137,813,000.00 H 7.13% certificates 76,941,000.00 3,000,000.00 .• . 73,941,000.00 > 6.95% certmcates 161,653,000.00 161,653,000.00 . . H3 6.88% certmcates -• 370,056,000.00 370,056,000.00 S 6.85% certmcates 142,576,000.00 142,576,000.00 Jj 6.81% certmcates 333,431,000.00 333,431,000.00 . hn 6.80% certmcates 295,655,000.00 295,655,000.00 g

U

6.33% certificates 335,359,000.00 335,359,000.00 6.20% cer tmca tes . . 121,016,000.00 121,016,000.00 5.90% certmcates 120,432,000.00 120,432,000.00 . . ^

Federal disability insurance trust fund: hH 7J^% certmcates 440,078,000.00 440,078,000.00 . - hg 7M% certmcates 237,800,000.00 237,800,000.00 fel 75^% certmcates 1,181,184,000.00 1,181,184,000.00 . . 2 734% certmcates - 390,907,000.00 390,907,000.00 M 7% certmcates 1,138,856,000.00 1,138,856,000.00 .- . . 6^% certmcates 335,219,000.00 335,219,000.00 . . . . . . 6^%) certmcates..." 628,457,000.00 628,457,000.00 .-. 7H% notes. 1,394,466,000.00 . . . . 1,394,466,000.00 63^%, notes . . - - 1,151,608,000.00 1,161,608,000.00 6^% notes ----- 683,612,000.00 583,612,000.00 4J^% notes - 6,486,000.00 2,000,000.00 4,486,000.00 434% notes -- 309,178,000.00 309,178,000.00 43^% bonds - - - - -- 279,238,000.00 279,238,000.00 3J^%, bonds - - - 153,632,000.00 163,632,000.00 3M% bonds -- -- 348,740,000.00 348,740,000.00 2 ^ % bonds - - 209,900,000.00 - 209,900,000.00 Footnotes at end of table.

0 0

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CO (X)

TABLE 33.—Changes in public debt issues, fiscal year 1970—Continued

fel

Issues Outstandhlg Issues durhig year Redemptions Transferred to Outstanding <i June 30, 1969 during year matured debt June 30,19701 o

td INTEREST-BEARING DEBT-Continued fel

Hd

Special Issues—Continued 2 td

Federal home loan banks: ^ 8.10% certmcates . . . . . . . . $546,500,000.00 $546,500,000.00 ^ 7.89% certmcates 438,000,000.00 438,000,000.00" .- 2 7.48% certmcates 703,000,000.00 703,000,000.00 7.13% certificates 257,000,000.00 58,000,000.00 $199,000,000.00 6.95% certmcates . . . 220,000,000.00 220,000,000.00 6.88% certmcates 304,000,000.00 304,000,000.00 .- ^ 6.85% certmcates 418,000,000.00 418,000,000.00... ^ 6.81% certmcates 305,500,000.00 305,500,000.00 m 6.80% certificates . . . . -. . . . 964,500,000.00 964,500,000.00 ^ 6.33% certificates . . . . . 203,000,000.00 203,000,000.00 -- o 6.20% certificates . . . . . . . . . . . 86,500,000.00 86,500,000.00 S3 5.90% certmcates $5-2,000,000.00 52,000,000.00 - fel

Federal hospital insurance trustfund: h3 7J^% certificates . 404,210,000.00 404,210,000.00 --- > 7M% certificates 298,240,000.00 298,240,000.00 td 7 ^ % certmcates 1,314,892,000.00 1,314,892,000.00 K} 734% certificates . . 1,043,742,000.00 1,043,742,000.00 7%certmcates 1,294,194,000.00 1,294,194,000.00 - O 6M% certificates 531,350,000.00 531,350,000.00 fe^ 6^% certmcates 844,210,000.00 844,210,000.00 75^%notes . . 919,358,000.00 919,358,000.00 |3 63^%notes " 729,200,000.00 . 729,200,000.00 ffi 55^%notes 495,529,000.00 495,529,000.00 fel 4K%notes 157,770,000.00 157,770,000. 66 .-4^%notes 507,441,000.00 68,206,000.00 439,235,000.00 \^

Federal old-age and survivors' insurance trust fund: 2 73^% certificates.. 2,441,447,000.00 2,441,447,000.00 ^ 7M% certmcates 1,792,525,000.00 1,792,525,000.00 ^ 7^%, certmcates. 8,221,340,000.00 8,221,340,000.00 ^ 734% certificates 2,906,186,000.00 2,906,186,000.00 -- ^ 7% certmcates 8,567,531,000.00 8,567,531,000.00 -.-- i l 6M% certificates. 2,664,507,000.00 2,664,507,000.00 ^ 65^% certificates 4,899,301,000.00 4,899,301,000.00 7^%, notes 5,033,296,000.00 5,033,296,000.00 63^% notes 3,844,864,000.00 3,844,864,000.00 Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

5 ^ % notes 2,460,795,000.00 . 47/^% notes 1,376,537,000.00 . 4M%o notes 2,720,279,000.00 43^% notes . 2,581,589,000.00 . 33^%bonds 1,738,455,000.00 . 3 ^ % b o n d s 1,240,088,000.00 . 25^% bonds 6,023,463,000.00 .

Fede ra l Savings and L o a n Insurance Corporat ion: 8.10% certificates 7.89% certificates 7.48% certificates 7.13% certificates 6.95% certificates 6.88% certificates 6.85% certificates 6.81% certificates 6.80% certificates 6.33% certificates 6.20% certificates 5.90% certificates 73,376,000.00 .

Federa l supp lemen ta ry medical insurance ti-ust fund: 73^%, certificates 7M% certificates 7 ^ % certificates 7 K % certificates 7% certificates 6M% certmcates 6 ^ % certificates 7 ^ % notes 6 H % notes . 217,206,000.00 . 5 ^ % notes 6,527,000.00 . 4 M % n o t e s 134,238,000.00 .

Foreign service ret i reraent fund: 7>g% certificates 7M% certificates 7 ^ % certificates 734% certificates . 7% certificates 6M%) cert if icates. . . 6 ^ % certmcates 7 ^ % notes 63/^% notes 5,082,000.00 . 4% notes 18,102,000.00 . 4% bonds 24,136,000.00 .

Foo tno te s at end of table .

296, 526,000. 00 .

70,445,000. 00 76, 569,000. 00 60,392,000. 00

104, 381,000. 00 28,056,000.00

111, 201,000. 00 18, 600,000. 00 84,455,000. 00 70, 208,000. 00 86,062,000. 00 90,160, 000. 00

165,613,000. 00 166,542,000.00 469,053,000.00 153,744,000.00 463,353,000. 00 153,098,000. 00 306,081,000.00

2,855,000.00 .

1,170,000. 00 2,326,000.00 6,454,000. 00

802,000.00 4,426,000. 00 1,048,000. 00 2,395,000. 00 6,721,000.00 .

783,485,000.00

70,445,000.00 76,569,000.00 . 60,392,000.00 . 24,200,000.00 28,056,000.00 .

111,201,000.00 . 18,600,000.00 . 84,455,000. 00 70,208,000.00 . 86,062,000.00 . 90,160,000. 00 . 73,376,000.00 .

165,613,000.00 . 166,542,000.00 . 469,053,000.00 . 153,744,000.00 . 463,353,000.00 . 153,098,000.00 . 306,081,000.00 .

2,460,795,000. 00 1,080, o n , 000. 00 2,720,279,000. 00 2, 581, 589,000. 00 1,738,455,000.00 1,240,088,000. 00 5, 239,978,000. 00

80,181,000. 00

206,644,000.00 6,527,000.00 .

134,238,000.00 .

1,170,000.00 2,326,000.00 , 6,454,000.00 .

802,000.00 . 4,426,000.00 . 1,048,000.00 . 2,395,000.00

3,017,000. 00

2,855,000. 00 10,562,000. 00

6,721,000.00 5,082,000. 00

15,085,000. 00 24,136,000. 00

1 1-H ZP

> Hd Hd

CO CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 33.—Changes in public debt issues, fiscal year 1970—Continued

O

CO

o Issues Outstandmg Issues durhig year Rederaptions Transferred to Outstanding ^

June 30,1969 durmg year matured debt June 30. 19701 H '. . Hi

o INTEREST-BEARING DEBT-Cont inued td

Special Issues—Continued O

Government life insurance fund: fel 734% notes -- ---- --- $29.964,000.00 $29,964,000.00 , 6% notes $32,638,000.00 32,638,000.00 2 534% notes 64,365,000.00 64,365,000.00 ffi 4^%) notes.. 77,986,000.00 77,986,000.00 ^ 434% bonds 28,468,000.00 28,468,000.00 3^%bonds 77,120,000.00 $670,000.00 76,450,000.00 p 3 ^ % bonds 77,992,000.00 77,992,000.00 S 33^%bonds 483,262,000.00 74,382,000.00 408,880,000.00 HH

Highway trust fund: w 6% certmcates 3,683,937,000.00 1,082,200,000.00 2,601,737,000.00 \4 5>g% certificates 1,323,019,000.00 1,323,019,000.00 S 5M% certmcates 878,906,000.00 878,906,000.00 - ^ 5 ^ % certificates-. 614,733,000.00 614,733,000.00... h< 5H% certificates 782,700,000.00 782,700,000.00 534% certificates 562,773,000.00 562,773,000.00.. O 53^% certificates 1,512,735,000.00 438,282,000.00 1,951,017,000.00 fel

National service lUe insurance fund: 75^% certificates 62,449,000.00 62,449,000.00 H 7H% certmcates 1,128,000.00 1,128,000.00 S 7% certificates 43,775,000.00 43,775,000.00 . fel 6M% certificates 1,128,000.00 1,128,000.00 6^% certmcates 25,656,000.00 25,656,000.00 . H 63^% certificates 28,240,000.00 28,240,000.00 td 6H% certificates 9,849,000.00 9,849,000.00.. fel 73^%notes 569,007,000.00 569,007,666.66 > 6M%notes 305,419,000.00 305,419,000.00 22 53^%notes 332,597,000.00 . 332,597,000.00 S 4H%notes 558,176,000.00 . 13,696,000.00 544,480,000.00 ^ 35^%notes 6,946,000.00 6,946,000.00 ^ 4 ^ % bonds . . . . 225,452,000.00 225,452,666.66 3 ^ % b o n d s . . . . 426,238,000.00 7,873,000.00 418,366,000.00 3 ^ % bonds 932,386,000.00 932,386,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

3 ^ % b o n d s 298,259,000.00 . 334% b o n d s 430,031,000.00 . 33^% b o n d s 343,149,000.00 . 3 % b o n d s . 1,895,000,000.00 .

Ra i l road re t i rement account : 73^% c e r t m c a t e s . - -7 ^ % cer tmcates 7y%% cer tmcates --734% cer tmcates 7% cer tmcates 6J^% certmcates 6 ^ % certificates 6 ^ % certificates 7 ^ % notes 63^% notes 647,948,000.00 . 5 ^ % notes 482,623,000.00 . 4>^% notes 5,552,000.00 . 4 ^ % notes 416,402,000.00 . 43^%, b o n d s 578,172,000.00 . 4 % bonds 1,295,637,000.00 .

Rai l road re t i r ement holding account : 73^% certificates 7 ^ % certificates 7^/^% certificates 734% certificates 7% certificates 63^% certificates 6 ^ % certificates 6 ^ % cer tmcates 63^% certificates 2,254,000.00 .

Rai l road re t i re inent supp lemen ta l account : 73^% cer t i f ica tes . - -73^% certificates 7 ^ % certificates 734% certificates 7% certificates-6J^% cer tmcates . . 6 ^ % certificates 6 ^ % cer tmcates 63^% certificates 5,228,000.00 .

Footnotes a t end of t ab le .

222,572,000. 00 842,025,000.00

11,852,000.00 152,206,000. 00 273,025,000. 00 105,934,000. 00

77,326,000. 00 165,177,000. 00 847,447,000.00 .

392,000. 00 3,423,000.00

22,000. 00 228,000. 00 680,000.00 214,000. 00 216,000. 00 390,000. 00

4,612,000. 00 31,873,000. 00

208,000. 00 2,166,000. 00

22,187,000. 00 2,018,000. 00 2,031,000.00 5,202,000. 00

379,000,000.00 .

222,572,000.00 . 842,025,000.00 .

11,852,000.00 . 152,206,000.00 . 273,025,000.00 . 105,934,000.00 .

77,326,000.00 . 165,177,000.00 .

5,552,000.00 . 7,113,000.00 .

46,220,000.00 . 483,144,000.00 .

392,000.00 . 1,500,000.00 .

22,000.00 . 228,000.00 . 580,000.00 . 214,000.00 . 216,000.00 . 390,000.00 .

2,254,000.00 .

4,612,000.00 . 14,202,000.00 .

208,000.00 . 2,156,000.00 .

22,187,000.00 . 2,018,000.00 . 2,031,000.00 . 6,202,000.00 . 6,228,000.00 .

298, 259,000. 00 430,031,000. 00 343,149,000. 00

1,616,000,000. 00

847,447,000.00 647,948,000.00 482,623,000.00

409,289,000. 00 531,952,000. 00 812,493,000.00

1,923,000.00

17,671,000. 00

ZJi

% hH ZP y ^ hH o >

fel

h^^

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 33.—Changes in public debt issues, fiscal year 1970—Continued

Issues Outstanding Issues dm-ing year Redemptions Transferred to Outstanding 2 June 30, 1969 durhig year matmed debt June 30, 19701 2

INTEREST-BEARING DEBT—Continued § Hd

Special I s s u e s — C o n t i n u e d O td

Servicemen's group hfe insurance fund: h 6^%, certmcates $6,203,000.00 $6,203,000.00

Unemployment trustfund: O 53^% certmcates.- - 10,882,290,000.00 362,351,000.00 $10,519,939,000.00 fel 53^%, certmcates.- - -- - 2,067,244,000.00 2,067,244,000.00 534% certmcates 348,853,000.00 348,853,000.00 H 53^% certmcates-- 413,721,000.00 413,721,000.00 -. ffi 5% certmcates 191,299,000.00 191,299,000.00 --- fel 4J^%, certmcates - - . . - 820,130,000.00 820,130,000.00 4 ^ % certificates - . . . $9,956,932,000.00 9,956,932,000.00 ZP

Veterans' reopened insurance fund: feJ 7^%, certmcates 1,911,000.00 1,911,000.00 Q 7 ^ % certmcates.. 2,127,000.00 2,127,000.00 2 7H% certmcates.. 11,986,000.00 7,026,000.00 4,960,000.00 g 734% certmcates 2,383,000.00 2,383,000.00 1 7% certmcates 6,297,000.00 6,297,000.00 fj 6^% certificates 2,107,000.00 2,107,000.00 fi 65|%, certificates 4,562,000.00 4,662,000.00 ^ 63^% certmcates 17,392,000.00 17,392,000.00 o 7 ^ % notes 47,146,000.00 47,146,000.00 w 63/2% notes -- 104,316,000.00 104,316,000.00

Veterans' special life insurance fund: H 4 ^ % certificates 4,512,000.00 1,035,000.00 3,477,000.00 trj 4 ^ % certmcates 3,481,000.00 3,481,000.00 B 43^% certificates 7,032,000.00 7,032,000.00 ^ 4H% certificates 34,651,000.00 5,779,000.00 40,430,000.00 uq 4 ^ % notes 55,489,000.00 55,489,000.00 S 4M% notes 207,906,000.00 207,906,000.00 g

> Total special issues. 66,789,505,000.00 92,245,008,000.00 82,711,422,000.00 76,323,091,000.00 ZP

===================================== ^ d Total interest-bearing debt. 351,673,070,277.93 338,147,424,87L 67 320,610,494,467.78 $209,102,000.00 369,000,898,681.82 td

. y<

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Issues Outstanding June 30, 1969 Issues during year

Transferred from interest-bearmg

debt

Redemptions during year

Outstanding June 30,1970 i

MATURED DEBT ON WHICH INTEREST HAS CEASED

Old debt—issued prior to Apr. 1,1917: 6% Five-twenties of 1865 6% compound mterest notes 1864-66 3% loan of 1908-18.... 2 ^ % postal savings bonds 2% consols of 1930_ 4%, funded loan of 1907 3% Panama Canalloan 1961 AU other n_

Total old debt-issued prior to Apr. 1,1917

Liberty loan bonds: First Liberty loan:

First 33^'s First 4's First 434's First-Second 43>! 's

Total

Second Liberty loan: Second 4's Second 434's

Total

Third Liberty loan 434's

Fourth Liberty loan 434's

Total Liberty loan bonds

Victory notes: Victory 3M's Victory 4M's

Total Victory notes

Footnotes at end of table.

$19,650.00 $19,650.00 155,960.00 155,960.00 98,020.00 98,020.00 153,220.00 $14,120.00 139,100.00 9,800.00 9,800.00

342,800.00 342,800.00 8,200.00 8,200.00

743,930.26 . . . - - . . 743,930.26

1,531,580.26 14,120.00 1,517,460.26

258,900.00 2,800.00 256,100.00 85,500.00 300.00 85,200.00

155,250.00 5,550.00 149,700.00 2,050.00 2,050.00

601,700.00"

330,600.00 309,650.00

640,150.00

1,180,950.00 2,040,250.00 . .

4,363,050.00 .. ..

700.00 389,500.00 .

390,200.00 .

8,650.00

600. 00 1,050.00

1,650.00

3,150.00 30,900. 00

44,350. 00

1,050.00

1, 050. 00

493, 050. 00

329, 900. 00 308, 600. 00

638, 500. 00

1,177, 800. 00 2, 009, 350. 00

4 318,700.00

700. 00 388 450 00

389,150 00

ZP h ^ > H^ hH ZP y ^ hH O >

> Hd Hd fel 1 ^

^4^ CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in puhlic debt issues, fiscal year 1970—Continued

F^^ F4^

Issues Outstanding Transferred from Redemptions Outstanding June 30,1969 Issues during year interest-bearing during year June 30,1970 i

debt o

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o fel

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ZP fel o td fel h9 > td Kl

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MATURED DEBT ON WHICH INTEREST HAS CEASED-Con.

Treasury bonds: 3H% of 1940-43 3H% of 1941-43 334% of 1941 3H% Of 1943-47 334% Of 1943-45 334%o of 1944-46 4% of 1944-54 2M% Of 1945-47 23^% of 1945... 3M% of 1946-56 3% of 1946-48.--33^% of 1946-49 . 4M% of 1947-52 2% of 1947.... 2% of 1948-50 (dated Mar. 15, 1941) 2M% of 1948-51 1^% of 1948 23^% of 1948 2%of 1948-50 (dated Dec. 8,1939). 2% of 1949-51 (dated Jan. 15,1942) 2% of 1949-51 (datedMay 15,1942).. 2% of 1949-51 (dated July 15,1942) 33^% of 1949-52 23^% of 1949-53 l3<^%of 1950 2% of 1950-52 (dated Oct. 19, 1942) 23^% of 1950-52 . 2% of 1950-52 (dated Apr. 15,1943) 234% of 1951-53 2%) of 1951-53 2M% of 1951-54 2% of 1951-55 3% of 1951-55 . . . 2>^% of 1952-54 2% of 1952-54 (dated June 26,1944) 2% of 1952-54 (datedDec. 1, 1944) 2M% of 1952-55 . . . . . . -.

$8,950.00 $600.00 $8,350.00 26,800.00 26,800.00 8,150.00 8,150.00

43,700.00 12,200.00 31,500.00 94,850.00 2,750.00 92,100.00

179,350.00 7,260.00 172,100.00 77,100.00 25,400.00 51,700.00 88,900.00 1,750.00 87,150.00 2,500.00 2,500.00 53,400.00 53,400.00 40,150.00 750.00 39,400.00 169,650.00 16,700.00 152,950.00 194,100.00 44,000.00 150,100.00

350.00 350.00 2,000.00 2,000.00 6,150.00 6,150.00 51,500.00 3,000.00 48,500.00 4,050.00 .- 4,050.00 1,500.00 1,500.00

150.00 150.00 14,000.00 14,000.00 2,000.00 2,000.00 17,200.00 17,200.00 52,150.00 - . 1,500.00 50,650.00

272,000.00 45,000.00 227,000.00 17,300.00 1,000.00 16,300.00 60,700.00 1,000.00 59,700.00

196,500.00 9,000.00 187,500.00 48,800.00 48,800.00

416,000.00 40,000.00 376,000.00 78,700.00 8,000.00 70,700.00 13,750.00 . - --- 200.00 13,550.00

427,600.00 . . 22,650.00 404,950.00 12,900.00 . . . . . . . . . 2,100.00 10,800.00

387,500.00 . . . 37,500.00 350,000.00 990,000.00 . - - . 50,500.00 939,500.00 13,800.00 13,800.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2% of 1953-55 234%) of 1954-56 2 H % of 1955-60 23^%, of 1956-58 2M% of 1956-59. . . . 234 ^ of 1956-59 2 ^ % of 1957-59 2 ^ % of 1958 2 H % 0 f l 9 5 8 . 2M% of 1958-63. 234% of 1959-62 (da ted J u n e 1, 1945) . . 234% of 1959-62 (dated N o v . 15, 1945). 2 K % o f l 9 6 0 . 2 ^ % of 1960-65 2 ^ % of 1961 2 i ^ % o f l 9 6 1 23^% of 1962-67 23^% of 1963 23^% of 1963-68. -3 % of 1964. 2 1 ^ % of 1964-69 (dated A p r . 15, 1943).. 23^% of 1964-69 (dated Sept . 15, 1943). 2 ^ 7 o o f l 9 6 5 23^% of 1965-70... 33<%ofl966 3 ^ % of 1966 3 % of 1966 35^% of 1967 Sy8% of 1968 (dated J u n e 23, 1960) 3 K % of 1968 (dated Sept . 15 ,1963) . . . . 3 ^ % of 1968. 4% of 1969 (da ted A u g . 15, 1962) 4% of 1969 (dated Oct. 1, 1957)

T o t a l T r e a s u r y b o n d s . .

3 % Adjus ted service bonds of 1945..

U . S . savings b o n d s : Series A-1935 Series B-1936 Series C-1937 Series C-1938 Series D-1939 Series D-1940 Series D-1941 Series F-1941 Series F-1942

Footnotes at end of table .

60,850. 00 47,650.00

946,150. 00 55,400. 00

109,450.00 . 650, 500. 00 .

41,000.00 . 19,500.00 . 31,500.00 . 47,550.00 .

1,610,500.00 . 1,224, 000. 00 .

34,000.00 . 352,550.00 . 236,000. 00 . 598, 500. 00 .

1,476,500.00 . 336,500.00 .

7,399,000. 00 . 251,000.00 .

57,489,000. 00 .

428, 500. 00 .

239,500.00 . 94,000. 00 .

453, 000. 00 . 849,000.00 .

3,726,000.00 . 927, 500. 00 .

1,141,000. 00 . 18, 049, 500. 00 .

102,999,300.00 .

950, 500. 00 .

195, 550. 00 . 365,775.00 . 365,575.00 . 650,475.00 . 988,900.00 .

1,915, 550; 00 . 2,130,150. 00 .

325,200.00 . 1, 225,325. 00 .

$10,339,500.00 .

31,334,000.00

14,458,500.00 .

1,000.00 800. 00

44,100. 00 6,150. 00 7,200. 00

80,000. 00 6,000. 00 4,000. 00 4,000. 00

11, 650. 00 240,000. 00 238,500. 00

1,000. 00 45, 200. 00 34,500. 00 86, 500. 00

521,000. 00 67, 500. 00

3, 966, 500. 00 38, 000. 00

47,318, 500. 00

96,'666."66'

87,'666.*66' 27,000. 00

138, 500. 00 238, 500. 00

2,146, 500. 00 476, 500. 00 656,500. 00

16, 439,000. 00

56,132,000. 00 73,354,450. 00

59,850. 00 46,850. 00

902,050. 00 49,250. 00

102,250. 00 570, 500. 00

35,000. 00 15, 500. 00 27, 500. 00 35,900. 00

1,370, 500. 00 985,500. 00 33,000.00

307,350. 00 201, 500. 00 512,000. 00 955, 500. 00 269,000. 00

3,432, 500. 00 213,000. 00

10,170, 500. 00 10,339,500. 00

338,500. 00 31,334,000. 00

152,500. 00 67,000. 00

314, 500. 00 610, 500. 00

1, 579,500. 00 451,000. 00 484,500. 00

1, 610, 500. 00 14,458, 500. 00

85, 776, 850. 00

879, 200. 00

Ui

% hH ZP H 3 hH

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fel

18,475. 00 29, 725. 00 34,075. 00 36, 050. 00

103, 500. 00 221, 650. 00 302,650. 00 37,100. 00

186, 725. 00

177, 075. 00 336, 050. 00 331,500. 00 614,425. 00 885,400. 00

1, 693,900. 00 1,827,500. 00 288,100. 00

1,038,600. 00 h-l

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in public debt issues, fiscal year 1970—Continued

F4^

CO

o

td fel Hd o td

o fel

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ZP

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Issues Ou t s t and ing Transferred from R e d e m p t i o n s Ou t s t and ing J u n e 30, 1969 Issues dur ing year interest-bearhig du r ing year J u n e 30, 1970 i

deb t

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 .

U . S . savings bonds—Cont inued ries F-1943.. ries F-1944.. ries F-1945.. ries F-1946.. ries F-1947.. ries F-1948.. ries F-1949-. ries F-1950.. ries F-1951 ries F-1952 ries F Unclassified.. ries G-1941 -ies G-1942 ries G-1943 -ies G-1944 ries G - 1 9 4 5 . . . ries G-1946 -ies G-1947 ries G-1948 •ies G-1949 -ies G-1950

Series G-1951 Series G-1952 Series G Unclass i f ied . SeriesJ-1952 SeriesJ-1953 SeriesJ-1954 SeriesJ-1955 Series J-1956 SeriesJ-1957 Series J Unclass i f ied . . Series K-1952 Series K-1953 Series K-1954 Series K-1955 Series K-1956

Ser: Ser; Ser; Ser: Ser: Ser: Ser; Ser; Ser; Ser; Ser; SerJ Ser: Seri Ser: Ser: Ser: Seri Ser: Ser; Ser;

$1,773, 1,559i 1,016,

505, 238, 492, 468, 348, 117,

12 — 2 ,

323, 1,420, 2, 621, 3,135, 2,954, 2, 607, 3,260, 2, 987, 3,410, 3, 383, 2,855, 1,081,

-49, 563,

1,524, 3, 017, 4,829, 8,442, 3,817, - 2 0 3 ,

964, 1,009, 1,774, 2, 787, 5,182,

12

.700.00 $205,800.00 $1,567,900.00 849.05 245,000.00 1,314,849.00 500.00 133,875.00 882,625.00 025.00 102,100.00 485,925.00 600.00 92,850.00 412,750.00 050.00 38,425.00 199,625.00 725.00 78,825.00 413,900.00 900.00 133,950.00 334,950.00 300.00 91,775.00 256,525.00 725.00 60,800.00 56,925.00 300.00 3,600.00 12-5,900.00 000.00 . . . 47,200.00 275,800.00 100.00 204,700.00 1,215,400.00 200.00 404,300.00 2,216,900.00 600.00 . - 342,700.00 2,792,900.00 800.00 ... 350,500.00 2,604,300.00 500.00 - -- . 333,300.00 2,274,200.00 000.00 479,000.00 2,781,000.00 300.00 ... ....... 568,600.00 2,418,700.00 400.00 641,000.00 2,769,400.00 900.00 682,000.00 2,701,900.00 900.00 550,900.00 2,305,000.00 000.00 201,000.00 880,000.00 300.00. -7,700.00 i2_4i,600.00 500.00 100,775,00 462,725.00 425.00 404,200.00 1,120,225.00 825.00 1,061,525.00 1,956,300.00 525.00 1,622,300.00 3,207,225.00 700.00 4,052,250.00 4,390,450.00 425.00 2,158,825.00 1,658,600.00 325.00 -163,250.00 i2_40,075.00 000.00 668,000.00 296,000.00 500.00 677,000.00 332,500.00 000.00 1,143,500.00 630,500.00 500.00 1,983,000.00 804,500.00 000.00 4,034,000.00 1,148.000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Series K-1957 2,775,500.00 2,441,000.00 334,500.00 Series K Unclassified 12 -47 ,000 .00 -39 ,000 .00 12 - 8 , 0 0 0 . 0 0

T o t a l U . S . savings bonds 81, 698, 549..05 27,098,575.00 54,599,974.05

A r m e d Forces leave bonds 5,017,225.00 305,525.00 4,711,700.00

T r e a s u r y notes : Regular series:

5M% A-1924 6,200.00 6,200.00 4M% A-1925 1,000.00 .• 1,000.00 4 ^ % B-1925 6,600.00 6,600.00 43^% C-1925 5,700.00 5,700.00 4M% A-1926 2,600.00 2,600.00 m % B-1926 1,600.00 1,000.00 600.00 43^% A-1927 2,200.00 2,200.00 4 K % B-1927 9,500.00 9,500.00 zP 33^% A-1930-32 12,700.00 12,700.00 H 33^% B-1930-32 9,300.00 9,300.00 > 33^% C-1930-32 6,550.00 6,550.00 H 3%A-1935 3,000.00 2>^% C-1936 5,500.00 334% A-1937 10.000.00 8,000.00 3 % B-1937 25,500.00 25,500.00 . 23^% B-1938 5,000.00 . . . . . . . . 2 ^ % D-1938 1,400.00 23^% A-1939 10,200.00 13/8% B-1939 100.00 1 ^ % A-1940 150.00 2% B-1942 2,000.00 2,000.00 . 13^%, A-1943 3,000.00 1% C-1943 .300.00 M % A-1945 100.00 134% B-1947 7,000.00 134% C-1947 28,000.00 1,000.00 13^% A-1948 8,000.00 134% G-1951 4,000.00 1 H % A-1954 2,000.00 13^% B-1954 1,000.00 13<^% A-1955 . 15,000.00 15,000.00 . 1M% B-1955 4,000.00 2% B-1956 5,000.00 23^% A-1957 28,000.00 23^% A-1958 29,000.00 33^% B-1959 1,000.00 33^%A-1960 22,000.00 9,000.00 334% B-1960. 1,000.00 4M% C-1960 . 31,000.00 3,000.00

Footnotes a t end of table .

6, UUU. UU 5, 500. 00 2, 000. 00

5,000. 00 1,400. 00

10, 200. 00 100. 00 150. 00

3,000. 00 300. 00 100. 00

7, 000. 00 27,000. 00 8,000. 00 4,000. 00 2,000. 00 1,000. 00

4, 000. 00 5, 000. 00

28,000. 00 29,000. 00 1,000. 00 13,000. 00 1,000. 00

28,000. 00

2 S ^ t> hi ^ fel !?! M

U

h-l HI iJ

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in public debt issues, fiscal year 1970—Continued 00

Issues Ou t s t and ing Transferred from Redempt ions Ou t s t and ing J u n e 30, 1969 Issues dur ing year interes t -bear ing d m i n g year J u n e 30,1970 i

d e b t

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 notes—Cont inued Regular ser ies—Continued

4% A-1961 3 ^ % B-1961 3 ^ % A-1962 4% B-1962 3 ^ % C-1962 4% D-1962 4% E-1962 334% F-1962 3 ^ % G-1962 334% H-1962 25^% A-1963 4% B-1963 4 K % C-1963 334% D-1963 334% E-1963 4 ^ % A-1964 5% B-1964 43^% C-1964 3 ^ % D-1964 3M% E-1964 4 ^ % A-1965 3>^% B-1965 3 ^ % C-1965 3 K % D-1965 (dated Apr . 8, 1964) 4% E-1965 4% A-1966 35^% B-1966. 33^% C-1966 4% D - 1 9 6 6 . . . : 4% E-1966 3 H % A-1967 3 ^ % B-1967 4% C-1967 4 M % D-1967 47/^% E-1967 47/^% F-1967 55^% A-1968.

$64,000.00 $10,000.00 $54,000.00 42,000.00 26,000.00 16,000.00 4,000.00 4,000.00

86,000.00 36,000.00 50,000.00 60,000.00 18,000.00 42,000.00 29,00000 2,000.00 27,000.00 19,000.00 19,000.00 6,000.00 6,000.00 8,000.00 5,000.00 3,000.00

13,000.00 5,000.00 8,000.00 38,000.00 4,000.00 34,000.00

184,000.00 17,000.00 167,000.00 350,000.00 : 82,000.00 268 ,00 .00

8,000.00 8,000.00 1,000.00 1,000.00

1,121,000.00 .. 257,000.00 864,000.00 r 1,823, 000. 00 289,000.00 1,534,000.00

••245,000.00 37,000.00 208,000.00 53,000.00 37,000.00 16,000.00 68,-000.00 19,000.00 49,000.00 495,000.00 104,000.00 391,000.00 52,000.00 26,000.00 26,000.00 26,000.00 26,000.00 10,000.00 10,000.00 93,000.00 66,000.00 27,000.00 131,000.00 40,000.00 91,000.00 64,000.00 44,000.00 • 20,000.00 9,000.00 9,000.00

222,000.00 6,000.00 216,000.00 26,000.00 26,000.00 129,000.00 78,000.00 51,000.00 54,000.00 22,000.00 32,000.00 67,000.00 13,000.00 54,000.00 169,000.00 33,000.00 136,000.00 31,000.00 9,000.00 22,000.00 70,000.00 45,000.00 25,000.00

423,000.00 292,000.00 131,000.00

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4M% B-1968 126,000.00 74,000.00 52,000.00 4V4% C-W68 47,000.00 31,000,00 16,000.00 5 i | % D _ 1 9 6 8 914,000.00 853,000.00 61,000.00 5 ^ % A-1969 7,765,000.00 7,470,000.00 295,000.00 6^%j B-1969 3,410,000.00 3,025,000.00 385,000.00 6% C-1969 - . $1,421,000.00 1,421,000.00 55^% B-1970 2,369,000.00 2,369,000.00 6 ^ % C-1970 6,145,000.00 6,145,000.00 13^%, EA-1956 1,000.00 1,000.00 13^% EO-1958 1,000.00 1,000.00 13^% EA-1961 10,000.00 . 10,000.00 13^% EO-1961 1,000.00 1,000.00 13^% EA-1962 . . . 26,000.00 16,000.00 10,000.00 13^% EA-1963 5,000.00 5,000.00 13^% EO-1963 . - - 1,000.00 - . 1,000.00 13^% E A - 1 9 6 4 . - • - 204,000.00 1,000.00 203,000.00 13^% EO-1964 . . . 201,000.00 201,000.00 13^% EA-1965 . - . 89,000.00 4,000.00 85,000.00 1 ) ^ % E 0 - 1 9 6 5 — 200,000.00 200,000.00 g 1 H % E A - 1 9 6 6 432,000.00 5,000.00 427,000.00 t^ 13^% EO-1966 200,000.00 200,000.00 £ 13/^% EA-1967 441,000.00 41,000.00 400,000.00 3 13^%E0-1967- - - 203,000.00 1,000.00 202,000.00 ZP 13^% EA-1968 . . . 430,000.00 30,000.00 400,000.00 H 13^%, EO-1968- . . 635,000.00 28,000.00 607,000.00 Q 13^% EA-1969 . . . 222,000.00 6,000.00 216,000.00 > 13^%E0-1969 1,000.00 1,000.00 tT" 1)^% EA-1970 - 77,000.00 77,000.00

T a x series > A-1943 4,900.00 . . 350.00 4,550.00 2 B-1943 600.00 . 600.00 ^ A-1944 6,750.00 25.00 6,725.00 g B-1944 2,000.00 2,000.00 ^ A-1945 59,625.00 850.00 68,775.00 O

Savings series: M C-1946 - 30,000.00 3,000.00 27,000.00 "^ C-1947 . . 105,300.00 13,200.00 92,100.00 C-1948 . . . . 67,200.00 67,200.00 C-1949 9,600.00 9,600.00 C-1950 5,800.00 5,800.00 C-1951 700.00 700.00 D-1951 1,500.00 1,500.00 D-1952 7,500.00 7,500.00 D-1953 3,400.00 3,400.00 A-1954 24,700.00 9,000.00 15,700.00 A-1955 43,100.00 2,000.00 41,100.00 A-1956 200.00 200.00 B-1955 1,200.00 1,200.00

T o t a l T reasu ry notes 22,547,275.00 10,013,000.00 13,301,120.00 19,259,150.00 — —= ^ h-i

f o o t n o t e s a t end of t ab le . j4^ CO

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in puhlic debt issues, fiscal year 1970—Continued o

Issues Ou t s t and ing J u n e 30,1969 Issues d m h i g year

Transfen-ed from interest-bearing

d e b t

Redempt ions dur ing year

O u t s t a n d i n g J u n e 30, 1970 i

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 .

Cer tmca tes of h idebtedness : T a x series:

43^% T-10 4M% TM-1921 6% TJ-1921 6% TS-1921 6% TD-1921 53^%TS2-1921 . 5M% TM-1922 43^%TS2-1922 43^% TD-1922 414% TM-1923 3 ^ % TS-1923 43^% TM-1924 4 % M - 1 9 2 5 . . 4J^% T J - 1 9 2 9 . . . . 63^% TM-1930 13/5% TS-1932 3M% TM-1933 . . . 2% First-Matm-ed Mar. 15, 1933 414% TD-2-1933

Regular : 43^% IVA-1918 534% G-1920 53^% H-1921 53^% A-1922 33^% A-1933 3^% B - 1 9 4 4 . . . . >!% E - 1 9 4 4 . . . . 3^% A-1945 3^% C-1945 7^% K-1946 K % E-1947 3^% F-1947 J^% C-1948 134% A-1950 13^% C-1952 25^% B-1954 3 H % A-1958

$1,000.00 500.00

1,500.00 1,500.00 2,000.00 1,000.00 1,000.00

500.00 1,000.00 1,000.00

500.00 1,000.00 1,000.00 1,100.00 2,000.00 $1,000.00 3,500.00

11,000.00 3,700.00 1,000.00

500.00 1,000.00

500.00 1,000.00

500.00 11,000.00 11,000.00 53,000.00 3,000.00 6,000.00 .

51,000.00 51,000.00 1,000.00 2,000.00 3,000.00 1,000.00

17,000.00 15,000.00 15,000.00

$1,000. 00 500. 00

1, 500. 00 1, 500. 00 2,000. 00 1,000. 00 1,000. 00

500. 00 1,000. 00 1,000. 00

500. 00 1,000. 00 1,000. 00 1,100. 00 1,000. 00 3, 500. 00

11,000. 00 3, 700. 00 1, 000.00

$500. 00 1, 000. 00

500. 00 1, 000. 00

500. 00 11, 000. 00 11,000. 00 53, 000. 00

3, 000. 00 6,000. 00

1,000. 00 2, 000. 00 3, 000. 00 1, 000. 00 2, 000. 00

15,000. 00

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4% C-1958 3,000.00 3,000.00 3M% A-1960... 1,000.00 1,000.00 4 ^ % C-1960.- - - 5,000.00 5,000.00 -. 4K%A-1961- - - 30,000.00 4,000.00 26,000.00 4 ^ % B-1961 - -- - 10,000.00 -- 10,000.00 3% A-1962- - - 1,000.00 1,000.00 334%!B-1963 - 9,000.00 - - - 9,000.00 33^% D-1963 - 17,000.00 17,000.00 334% B-1964 5,000.00 - 4,000.00 1,000.00 4M% A-1966... 40,000.00 40,000.00 534% A-1967 - - - . . . 52,000.00 47,000.00 5,000.00

Total certmcates of indebtedness 386,300.00 131,000.00 255,300.00

Treasury biUs, matm-ity date: June5, 1940 30,000.00 . . 30,000.00 Jan. 14, 1942 4,000.00 4,000.00 Feb.3,1943 1,000.00 1,000.00 ZP July29, 1954 . . 5,000.00 5,000,00 t^ May 19, 1955... 1,000.00 1,000.00 g Apr.24, 1958... 15,000.00 15,000.00 ffi Mayl5,1959 . . 1,000.00 1,000.00 ZP Sept.3,1959 20,000.00 . . . . 20,000.00 H Jan. 14, 1960 1,000.00 1,000.00 ^ July 15, 1960 11,000.00 11,000.00 > July 21, 1960 5,000.00 . . . 5,000.00 t"" July 28, 1960... 6,000.00 . . . 6,000.00 Aug. 4, 1960 12,000.00 12,000.00 > Aug. 11, 1960... 3,000.00 . 3,000.00 ^ Oct. 17, 1960 1,000.00 . . . 1,000.00 g Jan. 15, 1961 41,000.00 2,000.00 39,000.00 g Jan. 26, 1961 1,000.00 1,000.00 ^ July27, 1961 10,000.00 10,000.00 O Mar. 1, 1962 . . 7,000.00 . 7,000.00 '"' Nov. 21, 1963 22,000.00... 22,000.00 Jan. 15, 1964 . . 33,000.00 . . . . 33,000.00 Apr. 15, 1964 12,000.00... 12,000.00 June 11, 1964 5,000.00 5,000.00 Apr. 30, 1965 2 ,000 .00- . . 2,000.00 July8, 1965 1 60,000.00 60,000.00 July 22, 1965 40,000.00 40,000.00 Sept. 16, 1965 19,000.00 19,000.00 Sept.30, 1965 75,000.00 75,000.00 Mar. 10, 1966 25,000.00 . . . . . 25,000.00 Mar. 24, 1966 . 10,000.00 . 10,000.00 Apr.28,1966. . . 1,000.00 1,000.00 Mayl9,1966 11,000.00 . . '. 11,000.00 May 26, 1966 . . . 50,000.00 . . 50,000.00 June 16, 1966 2,000.00. 2,000.00

X

Footnotes at end of table. O l

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

M A T U R E

Treasury bi J u n e 23, J u l y 31, A u g . 4, Sept . 15 Sept . 22 Oct. 13, Oct. 20, N o v . 3, N o v . 30 Dec . 8, Dec . 15, Dec . 31, J a n . 12, J a n . 19, J a n . 26, F e b . 16, F e b . 23, M a r . 23, Mar . 30, Mar . 31, A p r . 6, A p r . 13, A p r . 20, A p r . 21, Apr . 27, Apr . 30, May 4, ] May 11, May 18, M a y 25, J u n e 8, '. J u n e 15, J u n e 22, J u n e 30, J u l y 3 ,1 J u l y 13, J u l y 27, J u l y 31,

T A B L E 33.—Changes in

Issues

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 .

Us, m a t m i t y da to—Cont inued , 1966 1966

1966 ,1966 ,1966 1966 1966 1966 ,1966 1966

1966 1 9 6 6 . . . . 1967 1967 1967

,1967 ,1967 ,1967 ,1967 ,1967 1967 1967 1 9 6 7 . . . . 1967 1967 . 1967

L967 1967 1967 1967

1967 1967 1967 1967

.967 1967 1967 1967

puhlic debt issues, fiscal year 1970

O u t s t a n d i n g J u n e 30,1969 Issues du r ing year

$6,000.00 10,000.00 1,000.00

39,000.00 . 37,000.00 19,000.00 . 15,000.00 3,000.00 6,000.00 .

50,000.00 . . . . 8,000.00 . . 1,000.00

100,000. 00 . 3,000.00

37, 000. 00 . 2,000.00 .

11, 000. 00 . . 60,000.00 . 11,000.00 . . 10,000.00 4, 000. 00 . . . 1,000.00

63, 000. 00 18,000.00 4,000.00 .

100,000.00 . 5,000.00 1,000. 00

10,000.00 12,000.00 5,000.00

12,000. 00 25,000.00 30,000. 00 21,000.00 10,000. 00 24,000.00 . 60,000.00

—Continued

Transferred from interest-bear ing

deb t

R e d e m p t i o n s d m h i g year

$39,000.00 .. 32,000.00 12, 000.00

6,000.00 ..

3,000.00 ..

2,000.00 .. 10,000. 00 50,000.00 ..

3,000. 00 10,000. 00

10,000. 00

3,000. 00

10,000. 00

10,000.00 . .

10,000. 00

Ou t s t and ing J u n e 30,1970 i

$6,000. 00 10, 000. 00

1,000. 00

5,000. 00 7,000.00

15,000.00 3,000.00

50,000.00 8,000. 00 1,000.00

100,000. 00

37,000. 00

1,000. 00

11,000. 00 10,000.00 4,000. 00 1,000. 00

60,000. 00 8,000. 00 4,000. 00

100,000. 00 5,000. 00 1,000. 00

10,000. 00 2,000. 00 5,000. 00 9,000. 00

25,000. 00 20,000. 00 21,000. 00

24,000. 00 50,000. 00

I — l

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A u g . 10, 1967 '. 60,000.00 60,000.00 Aug . 31, 1967 70,000.00 7,000.00 63,000.00 Sep t .28 , 1967 5,000.00 5,000.00 Sept . 30, 1967 - 11,000.00 5,000.00 6,000.00 Oct. 13, 1967 15,000.00 15,000.00 Oct. 19, 1967 50,000.00 50,000.00 Oct. 26, 1967 1,052,000.00 210,000.00 842,006.6o O c t . 3 1 , 1967 96,000.00 . . . . 15,000.00 81,000.00 N o v . 2 4 , 1967 10,000.00 10,000.00 N o v . 3 0 , 1967 2,000.00 2,000.00 Dec.21,1967 30,000.00 30,000.00 Dec . 28, 1967 10,000.00 10,000.00 Dec.31,1967 9,000.00 9,000.00 J a n . 4 , 1968 99,000.00 99,000.00 F e b . 1, 1968 4,000.00 4,000.00 F e b . 8 , 1968 11,000.00 1,000.00 10,000.00 F e b . 2 9 , 1968 135,000.00 65,000.00 70,000.00 rp Mar. 14, 1 9 6 8 . . . 13,000.00 13,000.00 h^ Mai-.28,1968 30,000.00 23,000.00 7,000.00 > Mar. 31, 1968 8,000.00 5,000.00 3,000.00 H A.pr. 22, 1968 616,000.00 316,000.00 300,000.00 r^ A p r . 3 0 , 1968 61,000.00 21,000.00 40,000.00 H M a y 2 , 1 9 6 8 .'. 66,000.00 66,000.00 hn M a y 9, 1968 10,000.00 10, 000. 6o P May 23, 1968 33,000.00 30,000.00 3,000.00 May 31, 1968 288,000.00 288,000.00 J u n e 6, 1968 56,000.00 56,000.00 J u n e 2 0 , 1968 49,000.00 49,000.00 . M J u n e 2 4 , 1968 . 135,000.00 130,000.00 5,000.00 y^ J u n e 2 7 , 1968 . 16,000.00 11,000.00 5,000.00 fej J u n e 3 0 , 1968 15,000.00 11,000.00 4,000.00 ^ J u l y 5, 1968 16,000.00 5,000.00 11,000.00 M J u l y 11, 1968 501,000.00 501,000.00 H Ju ly 18,1968 10,000.00 10,000.00 M J u l y 25, 1 9 6 8 — . - . . 1,000.00 1,000.00 Ju ly 31, 1968 19,000.00 9,000.00 10,000.00 A u g . 8 , 1968 : 1,000.00 1,000.00 Aug . 15, 1968 . 42.000.00 41,000.00 1,000.00 A u g . 2 2 , 1968 6,000.00 6,000.00 Aug . 29, 1968 5,000.00 5, 000. 6o Aug. 31, 1968 230,000.00 21,000.00 209,000.00 Sept. 5, 1968 79,000.00 . 1,000.00 78,000.00 Sept . 12, 1968 35,000.00 25,000.00 10,000.00 Sept. 19, 1968 10,000.00 10,000.00 Sept . 26, 1968 12,000.00 2,000.00 10,000.00 Sep t .30 , 1968 46,000.00 41,000.00 5,000.00 O c t . 3 , 1 9 6 8 . . . 26,000.00 26,000.00 . Oct. 10. 1968 52,000.00 47,000.00 5, 66o. 00 Oct . 17, 1968 24,000.00 24,000.00 , _ i

Foo tno t e a t e n d of t a b l e . O i CO

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 33.—Changes in public debt issues, fiscal year 1970—Continued Ox

Issues Ou t s t and ing Transferred from Redempt ions O u t s t a n d h l g co J u n e 30, 1969 Issues d m i n g year interes t -bear ing dur ing year J u n e 30,1970 i <i

deb t o

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 biUs, m a t m i t y d a t e — C o n t m u e d Oct. 24, 1968 Oct. 31, 1968 N o v . 7, 1968 Nov . 14, 1968 N o v . 21, 1968 N o v . 2 9 , 1968 N o v . 3 0 , 1968 D e c . 5 , 1968 Dec . 12, 1968 Dec . 19, 1968 Dec . 26, 1968 D e c . 3 1 , 1968 J a n . 2 , 1969 J a n . 9, 1969 J a n . 16, 1969 J a n . 23, 1969 J a n . 30, 1969 J a n . 31, 1969 F e b . 6, 1969 F e b . 13, 1959 F e b . 20, 1969 F e b . 27, 1969 F e b . 28, 1969 Mar. 6, 1969 /. Mar. 13, 1969 Mar. 20, 1969 Mar .24 , 1969 Mar. 27, 1969 M a r . 3 1 , 1969 Apr . 3, 1969 Apr . 10, 1969 A p r . 17, 1969 Apr . 22, 1969 A p r . 2 4 , 1969 A p r . 30, 1969 May 1, 1969 May 8, 1969

$19,000.00 $7,000.00 139,000.00 139,000.00 31,000.00 - 31,000.00 158,000.00 158,000.00 203,000.00 143,000.00 12, 000. 00 12, 000. 00

168,000.00 20,000.00 60,000.00 33,000.00 124,000.00 124,000.00 113,000.00 48,000.00 30,000.00 26,000.00

202,000.00 168,000.00 54,000.00 38,000.00 61,000.00 61,000.00 121,000.00 119,000.00 162,000.00 - 162,000.00 203,000.00 200,000.00 134,000.00 111,000.00 68,000.00 65,000.00 10,000.00 57,000.00 52,000.00

1,092,000.00 1,084,000.00 327,000.00 253,000.00 351,000.00 221,000.00 201,000.00 131,000.00 329,000.00 311,000.00 485,000.00 484,000.00 41,000.00 - - 31,000.00 191,000.00 191,000.00 113,000.00 68,000.00 310,000.00 253,000.00 468,000.00 442,000.00

15,515,000.00 15,190,000.00 678,000.00 617,000.00 462,000.00 438,000.00 701,000.00 700,000.00 405,000.00 300,000.00

td fel Hd o

$12,000. 00 ^ y ^

o 66,666.66 ^

i48,'666.'66 ^ 27, 000. 00 hP

65,666.66 4, 000. 00 g 34, 000. 00 ^ 16, 000. 00 y

" "§,'666.'66 ^ > td Kj

3, 000. 00 23, 000. 00 3, 000. 00

10, 000. 00 5, 000. 00 8, 000. 00

74, 000. 00 130, 000. 00 70, 000. 00 18, 000. 00 1, 000. 00

10, 000. 00

45, 000. 00 57, 000. 00 26, 000. 00

325, 000. 00 61, 000. 00 24, 000. 00 1, 000. 00

105, 000. 00

O fel

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May 15, 1969.. — . 520,000.00 . 460,000.00 60,000.00 May 22, 1969 736,000.00 - - 718,000.00 18,000.00 May29, 1969 894,000.00 - 845,000.00 49,000.00 May 31, 1969 776,000.00 722,000.00 54,000.00 June5, 1969 1,252,000.00 -.- 1,244,000.00 8,000.00 June 12, 1969 - - 3,619,000.00 3,619,000.00 . . . -June 19, 1969-.- - - 3,478,000.00 3,430,000.00 48,000.00 June23, 1969 12,488,000.00 - 12,043,000.00 445,000.00 June 26, 1969 - 11,109,000.00 11,030,000.00 79,000.00 June30, 1969 - - 57,001,000.00 56,903,000.00 98,000.00 July 3, 1969 $54,000.00 54,000.00 July 10, 1969 . - . - - - -- 123,000.00 123,000.00 July 17, 1969 - -- 108,000.00 - - 108,000.00 July 24, 1969 - 42,000.00 42,000.00 July 31, 1969 - -- 45,000.00 45,000.00 Aug. 7, 1969 - - - 73,000.00 73,000.00 Aug. 14, 1969 - . 34,000.00 . . . . . 34,000.00 ZP Aug! 2 1 , _ 1 9 6 9 ' . ' . - - I - - " ' ' I - - - - " " I - " ' - - ' ' - I - - i5 ',00a00 - " - - - - - ' ' - - " 19 'OOo! 00 g

y ^ Aug. 28, 1969 230,000.00 230,000.00 Sept. 4, 1969 492,000.00 492,000.00 Sept. 11, 1969 56,000.00 56,000.00 'ZP Sept.25,1969 . . . 1,049,000.00 1,049,000.00 t^ Sept. 30, 1969 35,000.00 35,000.00 ^ Oct. 2, 1969 .- 49,000.00 - -._ 49,000.00 > Oct. 9, 1969 -- 1,222,000.00 1,222,000.00 p Oct. 16, 1969 36,000.00 36,000.00 Oct. 23, 1969 27,000.00 27,000.00 > Oct. 30, 1969 - . _ 34,000.00 34,000.00 Hd Oct. 31, 1969 - 86,000.00 86,000.00 2 Nov. 6, 1969 - — -..- 73,000.00 73,000.00 g Nov. 13, 1969 - - 54,000.00 - 54,000.00 ^ Nov. 20, 1969 - 57,000.00 57,000.00 O Nov. 28, 1969 _ - 124,000.00 124,000.00 H Nov. 30, 1969 141,000.00 141,000.00 " Dec. 4, 1969 20,000.00 20,000.00 Dec. 11, 1969 49,000.00 49,000.00 Dec. 18, 1969 : 2,093,000.00 2,093,000.00 Dec. 22, 1969 30,000.00 30,000.00 Dec. 26, 1969 23,000.00 23,000.00 Dec. 31, 1969 - - 129,000.00 129,000.00 Jan. 2, 1970 — 125,000.00 125,000.00 Jan. 8, 1970 251,000.00 251,000.00 Jan. 15, 1970 201.000.00 201,000.00 Jan. 22, 1970 --. 264,000.00 264,000.00 Jan. 29, 1970 125.000.00 125,000.00 Jan. 31, 1970 194,000.00 194.000.00

Footnotes at end of table I — A

Ol Ol

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E SO.—Changes in public debt issues, fiscal year ./^70—Continued

O u t s t a n d i n g Transferred frora Rede rap t ions Ou t s t and ing Issues J u n e 30,1969 Issues dm-ing year interest-bearing d m m g year J u n e 30,19701

deb t

J u n e 30, 1970 . 58,830,000.00 58,830,000.00

To ta l T r e a s m y savings ce r t i f i ca tes . . .

To ta l m a t u r e d deb t o n w h i c h interest has ceased.

7,900.00 .. 44,825.00 14,225.00 ..

66,950.00 ..

341,167,929.31 209,102,000.00

125. 00 100. 00 50. 00

275. 00

229, 514, 770. 00

7, 775. 00 44, 725. 00 14 175 00

66, 675. 00

320,755, 159. 31

O l

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 . td

T r e a s u r y biUs, m a t m i t y da t e—Cont inued HH F e b . 5, 1970 ' $162,000.00 $162,000.00 LJ F e b . 13, 1970 . 212,000.00 212,000.00 Q F e b . 19, 1970 164,000.00 164,000.00 HJJ Feb. 26, 1970.: 484,000.00 484,000.00 ^ Feb. 28, 1970 191,000.00 191,000.00 Mar. 5, 1970 590,000.00 590,000.00 Q Mar. 12, 1970 858,000.00 858,000.00 fel. Mar. 19, 1970 . 466,000.00 466,000.00 Mar. 23, 1970 . . 3,539,000.00 3,539,000.00 H Mar . 26, 1970. . 356,000.00 356,000.00 |lj Mar . 31, 1970 519,000.00 519,000.00 fel A p r . 2, 1970 2,760,000.00 2,760,000.00 A p r . 9, 1970 . . . 3,697,000.00 3,697,000.00 ZP A p r . 16, 1970 . : 964,000.00 964,000.00 fel Apr .22 ,1970 . 10,340,000.00 10,340,000.00 Q Apr. . 23, 1970 . . 1,276,000.00 1,276,000.00 g Apr .30 ,1970 . 2,287,000.00 2,287,000.00 g M a y 7 , 1 9 7 0 2,343,000.00 2,343,000.00 t^ May 14, 1976 . . 2,587,000.00 2,587,000.00 g May 21, 1970 2,115,000.00 2,115,000.00 Z May 28 1970 . . . - 2,080,000.00 2,080,000.00 ^ May31 ,1970 ' 1,509,000.00 1,509,000.00 ^ J u n e 4 , 1970 " 3,162,000.00 3,162,000.00 )^ J u n e 11, 1976 . 4,666,000.00 4,666,000.00 J u n e 18 1970 . . - •- 6,900,000.00 6,900,000.00 ^ J u n e 2 2 , 1970 . 8,346,000.00 8,346,000.00 M J u n e 2 5 , 1970" 13,700,000.00 13,700,000.00 g

H Tota l T r e a s m y bills $121,217,000.00 142,957,000.00 $115,193,000.00 148,981,000.00 ^

= fel T r e a s u r y savings certificates: >

Issued Dec . 15, 1921. 7,900.00 125.00 7,775.00 ZP Issued Sept . 30, 1922 44,825.00 100.00 44,725.00 d Issued Dec . 1, 1923 14,225.00 50.00 14,175.00 td

y <

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

DEBT BEARING NO INTEREST

Mortgage Guaranty Insurance Corapany tax and loss bonds . U.S. savings s tamps. . Excess profits tax refund bonds:

First Series _ Second Series

Special notes of the United States: International Monetary Fund, various issue dates

U.S. notes . Old deraand notes National and Federal Reserve bank notes Fractional currency .-.. Old series currency Silver certificates .--Thrift and Treasm-y savings stamps --

9, 045, 440. 46 61,168, 087. 76

347,053.45 . 254,847.32 .

825,000,000.00 . 322,539,016.00 .

52,917.50 . 77,544,587.00 . 1,965,114.70 . 5,036,939.50 .

222,833,241.00 . 3,698,002.25 .

$5,670,517.63 20, 088,162. 30 . 24, 014,112. 65

1, 013. 58 1,008.89

1, 817, 027. 00

192,198. 50 2, 867, 692. 00

224. 00

14, 715, 958. 09 57.242,137.41

346,039. 87 253,838. 43

825, 000, 000. 00 322, 539, 016. 00

52, 917. 50 75, 727, 560. 00 1,965,114. 70 4, 844, 741. 00

219, 965, 549. 00 3, 697,778. 25

Total debt bearing no interest- 1, 529,485, 246. 94 25, 758, 679. 93 28, 893,276. 62 1, 526, 350, 650. 25 ZP

To ta l gross publ ic deb t 13 _ _ 353,543,723,454.18 338,173,183, 55L 60 . - 320,868,902,514.40 370. 848, 004, 49L 38 J;; ZP H^. hH O >

> yn Hd fel

»• Revised . 1 ReconcUiation by classes to the basis of the daily Treasury statement is shown in

summary table 26. 2 Treasury bills are shown at maturity value.' 3 Consists of a strip issued on Mar. 3, 1969, of additional amounts of Treasury bills

dated July 31 and Aug. 31,1968, maturing July 31 and Aug. 31,1969. 4 $200,365,000 issued Mar. 3, 1969. (see footnote 3). 6 Consists of a strip issued on Aug. 25, 1969, of additional araounts of 7 series of out­

standing Treasury bUls dated frora Mar. 20, through Apr. 24, 1969, and raaturing each week Sept. 18, through Oct. 30, 1969.

6 $302,934,000 issued Aug . 25, 1969. (see footnote 5). 7 The principal dollar equivalent of this security increased as a result of the revalua­

tion of the Deutsche mark on October 26, 1969. The increase in principal dollar equiv­alent is offset by a corresponding decrease of interest cost over the remaining term of the security pursuant to revaluation clause as agreed upon with the Deutsche Bundesbank.

8 The principal dollar equivalent of this security increased as a result of the reval­uation of the Deutsche mark on October 26, 1969. The increase in the principal amount will be absorbed by the Exchange Stabilization Fund upon rederaption.

9 Araounts issued and retired for Series E savings bonds and for savings notes include accrued discount; araounts outstanding are stated at current rederaption values. Amounts issued, retired, and outstanding for Series H are stated at par value.

10 Amounts issued, retired, and outstanding for retireraent plan bonds are stated at par with semiannual interest added when due.

11 Consists of issues in which there have been no transactions since the fiscal year 1956, for araount of each issue outstanding (unchanged since June 30,1956) see 1956 annual report, page 435.

12 Excess of unclassmed rederaptions over unclassmed sales. 13 Includes public debt incurred to finance expenditures of whoUy owned Government

corporations and other business-type activities in exchange for v/hich their securities were issued to the Treasury (see table 105).

O l

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158 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970

[On basis of daUy Treasu ry s ta teraents , suppleraented b y special s ta tements b y t he Bureau of t he Pub l ic D e b t on publ ic deb t t ransactions]

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 caUed or redeemed prior

to m a t u r i t y 3

Ju ly 1 T r e a s u r y certificates, ma tu r ing : J u l y l , 1969 -Oct. 1,1969 J u n e 30,1970

1 T r e a s u r y notes, foreign cur rency series, raa­t u r m g Dec . 12, 1969

1 Certificates of indebtedness , foreign series, m a t u r i n g :

J u l y 10, 1969 A u g . 13, 1969 Sept . 15, 1969

2 J u l y 17, 1969 J u l y 17, 1969 J u l y 17,1969 J u l y 24, 1969 1 J u l y 24, 1969 J u l y 24, 1969 Sept . 6, 1969-Sept . 5, 1969 Oct. 2, 1969

T r e a s u r y bills: Regula r weekly:

3 D a t e d J a n . 2,1969 Redeemed in exchange for series issued

J u l y 3,1969, due Oct. 2 ,1969.-Redeemed in exchange for series da t ed

J u l y 3, 1969, due J an . 2,1970 Redeemable for cash

3 Maturu ig Oct. 2, 1969 -Issued in exchange for series da ted

J an . 2, 1969---Issued for cash

3 Ma tu r ing J an . 2, 1970 - . -Issued in exchange for series da ted

J an . 2,1969 Issued for cash

Regula r m o n t h l y : 3 Matu rh ig Mar. 31,1970

Ad jus tmen t s of cash issues 3 Ma tu rh ig J u n e 30, 1970

Ad jus tmen t s of cash issues 3 T rea su ry certificates, m a t u r i n g :

J u l y 3, 1969 Oct. 3, 1969

3 T r e a s u r y notes , foreign currency series m a ­t u r i n g :

J u l y 3,1969 Oct. 6 ,1970.

3 T rea su ry notes , foreign series, m a t u r m g A p r . 13, 1970

3 Cer tmcates of indebtedness , foreign series, m a t u r m g :

J u l y 17, 1969 -J u l y 24,1969 Sept . 5, 1969 Sept . 15,1969 -

7 J u l y 10, 1969 A u g . 13, 1969 -Sept . 6,1969 Sept . 10, 1969 Sept . 10, 1969 Sept . 11, 1969 Sept . 15, 1969

8 Oct. 2, 1969 . -J u l y 17, 1969 . - -Sept . 5, 1969 Sept . 10, 1969 Sept. 11, 1969

9 J u l y 10, 1969 - - - -J u l y 10, 1969 Sept . 9, 1969 Sept . 11,1969

10 J u l y 10, 1969. J u l y 17,1969 J u l y 17, 1969 J u l y 17, 1969 Sept . 9,1969

Percent

6. 065 . 6.456 3.50

$323,719.49 325, 991. 54

$318,884. 41

6.20 6.10 6.60 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.20 6.45

4 6.173 .

25,000,000. 00 . 1,000,000. 00 .

41,000, 000. 00 .

8,000,000.00 . 35,000,000. 00 .

1.944 ,

456,770,000.00 . 1,143,410,000. 00 .

327,588,000.00 . 772,080,000. 00 .

7.387

"7."342". -14,000.00 .

"14; 666'66"'

25,151, r 78. 65

13,000,000. 00 13,000,000. 00 4,000,000. 00

12,000,000. 00 3,000,000. 00 2,000,000.00

28,000,000. 00

456,770,000. 00

327, 588,000. 00 1, 920,487,000. 00

6.065 ... 6.456

5.58 .. 7.70

5.42 ..

6.20 6.20 6.20 6.60 6.20 6.10 .. 6.20 .. 6.60 .. 6.60 .. 6.60 6.60 6.45 .. 6.20 6.20 6.60 6.60 6.20 .. 6.20 .. 6.60 6.60 6.20 .. 6.20 .. 6.20 .. 6.20 .. 6.60

1,534,358.86 ...

22,414,789.14 ...

1,000,000. 00 . . 30,000,000.00 ... 20,000,000.00 ... 9,000,000.00 . .

14,000,000.00 ... 5,000,000.00 ...

7,000,000.00 ... 2,000,000.00 ... 18,000,000.00 ... 13,000,000.00 ..

12,000,000.00 ... 3,000,000.00 ...

19.000.000.00 ...

1, 511,441. 63

22,396, 675.13

25,000,000. 00

2,000,000. 00 1,000,000. 00 2,000,000. 00 7, 000,000. 00 11,000,000.00

33,000,000. 00

8,000,000. 00 10,000 000 00

15,000,000 00 13, 000,000.00 1,000,000.00 6,000,000. 00

Footnotes a t end of table .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 159

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-Ju-ne 1970—Continued

Date Secm-ities Rate of interest i

Amount issued 2 Aniount matmed

or called or re­deemed prior to

maturity 3

July 10

10

10

17

17

18

Percent Treasury bills:

Regular weekly: Dated Jan. 9, 1969 "6.248 .

Redeemed in exchange for series issued July 10, 1969, due Oct. 9,1969

Redeemed in exchange for series dated July 10, 1969, due Jan. 8,1970...

Redeemable for cash Maturmg Oct. 9, 1969 7.069 .

Issued in exchange for series dated Jan. 9, 1969

Issued for cash -Maturing Jan. 8,1970 - . . 7. 308 .

Issued in exchange for series dated Jan. 9, 1969

Issued for cash Treasury certificates, maturing June 30, 1970.. Certmcates of indebtedness, foreign series,

maturing: Sept. 9, 1969 6.60 Sept. 9, 1969 6.60 . Sept. 9, 1969 6.60 . Oct.2,1969 6.45 . July 17, 1969 6.20 . July 24, 1969 6.20 . Sept. 9, 1969 6.60

Treasury certificates, maturing: June 30,1970 3. 50 June 30,1970 3.50

Certificates of indebtedness, foreign cmrency series, maturing July 16, 1969.... 6.20 .

Treasm-y notes, foreign cm-rency series, matur­ing Oct. 16,1970 7. 55

Certmcates of indebtedness, foreign series, maturing: _

July24,,1969 6.20 . Sept.5,i969 6.20 . Sept.9,1969 6.60 . Sept.9,1969-- - 6.60 . Sept.9,1969-- - 6.60 . Sept. 11,1969-- - . . - - 6.60 . Sept. 5,1969.- - 6.20 . Sept.5,1969 - . . 6.20 . Sept.9,1969 6.60 Sept. 11,1969 6.60

Certmcates of mdebtedness, foreign currency series, maturing Aug. 18,1969. 7.00

Treasury notes, foreign series, maturing Mar. 13,1970-.-- 5.74 .

Treasmy bills: Regular weekly:

Dated Jan. 16,1969 46.268 . Redeemed in exchange for series issued

July 17,1969, due Oct. 16,1969.. Redeemed in exchange for series dated

July 17,1969, due Jan. 15,1970 Redeemable for cash

Matmmg Oct. 16,1969 7.105 . Issued in exchange for series dated

Jan. 16,1969 - - . . . Issued for cash

Maturing Jan. 15,1970... 7.400 . Issued in exchange for series dated

Jan. 16,1969 -Issued for cash

Tax anticipation: Matming Dec. 22,1969 - . . 6.775 .

Issued for cash -MaturingMar. 23,1970... 7.202 .

Issued for cash Certificates of mdebtedness, foreign series,

maturing: Oct. 10,1969 7.10 Oct. 17,1969.- --- 7.10 Sept.9,1969 6.60 Oct. 10,1969 7.10

Treasmy certmcates, matming June 30,1970-. 3.50

$355,784,000. 00 . 1,243,948,000. 00 .

313,164,000.00. 788,862,000.00 .

3.50 1,646,836.49 .

5,000,000.00 .

6, 000,000. 00 .

496. 00 5, 511. 35 .

133,550,110. 32 .

3,000,000.00 . 8,000,000.00 .

29,968,637.47 .

$355,784,000. 00

313,164,000. 00 2,034,972,000. 00

339,552,000.00 . 1,262,009,000.00 .

253,808,000.00 847,055,000.00

1,762,646,000.00 .

'ii752;436i666'66';

21

Footnotes a t end of table.

1,000,000.00 . 30,000,000.00 . 13,000,000.00 . 21,000,000.00 .

618,023.11 .

12,000,000. 00 15,000,000. 00 2,000, 000. 00 2,000, 000. 00

14,000,000. 00

1,818,991.54

132,779,124. 81

16,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 8.000,000.00 5,000,000.00

16,000,000.00

386,170.43

339,552,000.00

253,808,000.00 2,108,340,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

160 19 70 REPORT O F ' T H E SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of interest i

Araoun t issued 2 A m o u n t m a t u r e d

or called or re­deemed prior to

matm-i ty 3

1969 Ju ly 22

23

24

24

24

Certificates of indebtedness , foreign series, raaturing:

Sept . 5 ,1969 . . Sept .5 ,1969 Sept .9 ,1969 Sept . 10; 1969 Sept .9 ,1969 Sept . 10,1969. Sept . 10,1969 Sept . 10,1969 Oct. 2 3 , 1 9 6 9 . . .

T reasu ry bUls: Regular weekly :

D a t e d J a n . 23,1969 Redeemed in exchange for series issued

Ju ly 24,1969, due Oct. 23,1969 Redeemed in exchange for series da t ed

Ju ly 24, 1969, due J a n . 22,1970 Redeemable for cash

Matur ing Oct . 23,1969 Issued in exchange for series da ted J a n .

23,1969 Issued for cash 1

Matur ing J an . 22,1970 Issued in exchange for series da ted J a n .

23,1969- - - - . I ssued for cash

24 T rea su ry certificates, n ia tu r ing J u n e 30,1970. . 24 Certificates of indebtedness , foreign currency

series, raaturing: .July 24, 1969 J a n . 2 3 , 1 9 7 0 . . .

24 Certificates of indebtedness , foreign series, m a t u r i n g :

Oct . 23,1969 25 Oct . 23,1969

Oct . 24,1969 28 Sep t .9 ,1969-

Oct . 23,1969 Oct . 24,1969

29 Oct . 24,1969 30 Oct . 1 0 , 1 9 6 9 . . .

Oct . 1 0 , 1 9 6 9 . . . Oct . 10,1969 Oct . 23,1969 Sept .9 ,1969 Sept .9 ,1969 Sept . 10,1969 Sept . 11,1969 Sept . 11,1969 Sept . 11,1969 Sept . 11,1969 Sept . 1 5 , 1 9 6 9 . . . Sept . 15,1969 -Sept . 15,1969. . - -Sept . 15,1969 .' Oct . 10,1969 Sept .9 ,1969 Oct . 23,1969

T r e a s m y bills: Regular m o n t h l y :

D a t e d J u l y 31,1968 Redeemed in exchange for series issued

Ju ly 31,1969, due Oct. 30,1969 Redeemed in exchange for series da ted

Ju ly 31, 1969, due J an . 29,1970 Redeemable for cash

Matur ing Oct. 30,1969 Issued in exchange for series da ted

Ju ly 31,1968 Issued for cash

Matur ing J a n . 2,1970 Issued in exchange for series da ted

J u l y 31 ,1968 . . Issued for cash

Percent

6.20 6.20 6.60 6.60 6.60 6.60 6.60 6.60 7.25 $21,000,000.00

7.218 .

7.460

409,385,000.00 1,191,333,000.00

392,824,000.00 . 708,388,000.00 .

3.50 38,206,876.79 .

31

31

31

31

5.00 7.50

7.25 7.25 7.25 6.60 7.25 7.25 7.25 6.60 6.60 7.10 7.25 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.60 7.10 6.60 7.25

4 6.135

99,856,021.55 .

4,000,000.00

6,000,000.00 . 4,000,000.00

13,500,000.00 . 11,500,000.00 .

16,000,000.00 . 11,000,000.00

7.313

440,946,000.00 . 1,160,367,000.00 .

329,163,000.00 . 771,558,000.00 .

$4,000,000.00 2,000,000.00 3,000,000.00 6,000,000.00 3,000,000.00 7,000,000.00

12,000,000.00 1,000,000.00

409,385,000.00

392,824,000.00 1,896,223,000.00

152,625,858.52

10,000,000.00 2,000,000.00

."4,'666,'666.'66 4,000,000.00

4.000,000.00 2,000,000.00

6,000, 16,000 3,000 8,000, 6,000,

13,000, 3,000,

16,000, 17,000, 8,000,

15.000, 6,000,

000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00 000.00

440,946,000.00

329,163,000.00 1,936,498,000.00

Footnotes a t end of t ab le .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 161

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Araount matm-ed

or caUed or re­deemed prior to

maturity 3

Treasury biUs—Continued Regular monthly—Continued

July 31

31

31

Dated July 31,1968. Redeemed in exchange for series issued

July 31,1969, due Apr. 30,1970 Redeemed in exchange for series dated

July 31,1969, due July 31,1970 Redeemable for cash

Maturing Apr. 30,1970 Issued in exchange for series dated

July 31,1968-Issued for cash

Maturing July 31,1970 Issued in exchange for series dated

July 31,1968 Issued for cash

Treasury certificates, maturing: July 31,1969.-Oct. 31,1969 June 30,1970 :

U.S. savings bonds: & Series E-1941 . - . SeriesE-1942 -Series E-1943-SeriesE-1944 Series E-1945 SeriesE-1946. Series E-1947 Series E" 1948 Series E-1949 Series E-1950... Series E-1951. Series E-1952 (January to AprU) 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 Deceraber) Series E-1958 Series E-1959 (January to May) Series E-1959 (June to Deceraber) Series E-1960 Series E-1961 SeriesE-1962 SeriesE-1963 Series E-1964 Series E-1965 (January to November) Series E-1965 (Deceniber) Series E-1966 Series E-1967 Series E-1968 (January to May) Series E-1968 (June to December) Series E-1969 Unclassified sales and redemptions SeriesH-1952 Series H-1953 Series H-1954 _ SeriesH-1955 -Series H-1956 Series H-1957 (January) Series H-1957 (February to December). _-Series H-1958 Series H-1959 (January to May) Series H-1959 (June to Deceraber) SeriesH-1960 SeriesH-1961 . -SeriesH-1962 SeriesH-1963 SeriesH-1964 Series H-1965 (January to November) Series H-1965 (Deceraber) SeriesH-1966 SeriesH-1967.-Series H-1968 (January to May) Series H-1968 (June to Deceraber) Series H-1969 Unclassified sales and rederaptions

Percent

4 5.420 .

7.407 .

$150,460,000.00

351,040,000.00 1,201,361,000.00

7. 313 .

$150,460,000.00 . 349,691,000.00 .

6.053 7.172 3.50

6 3.312 6 3. 350 6 3. 393 6 3.429 6 3.458 6 3. 494 6 3. 527 6 3. 562 6 3. 483 6 3.447 6 3.500 3.540

6 3. 595 6 3. 634 6 3.684 6 3. 735 Q 3.785 3.820

6 3. 956 6 4.004 4.040 6 4.054 6 4. 077 9 3. 996 6 3. 980 fi 4. 040 6 4. n o 8 4.166

4.220 4.226 4.237 4.250 4.250 4.250

8 3. 497 6 3. 539 6 3. 588 6 3. 637 6 3. 689

3.730 fi 3. 903 fi 3. 960

4.000 6 3. 884 6 3. 916 6 3. 963 6 4. 013 6 4. 068 6 4.123 0 4.175

4.220 4.225 4.235 4.240 4.250 4.250

351,040,000.00 851,023,000.00 .

1,220,387.51 66,420,426.81 .

540,531.89 4,199,974. 93 4,453, 959. 72 8,608,964.48 4,540,774. 63 3,713,719.19 4,629,402.27 5.025,857.05 5,713,492.13 5,606,110.44 4,192,188. 98 2,255,164. 39 3,309,456.08 3,787,531.95 3,936,553.34 4,226,834.97 4,464.854.11

-42. 72 4,672,470.45 4,998, 724.42 2,619,093.78 2,697,999. 55 5,318,72L36 4,728,181.88 8,293, 052. 57 10.474,448.06 9,660, 716.14 9,304,265. 64

290. 09 9,456,660.83 9, 765,101. 21 4, 765,822.10 5,506, 588. 74

419, 000, 727.12 7 -42,465, 992. 66

22, 500. 00 28, 500. 00 10, 500. 00

31,324, 500. 00 2,148, 500. 00

1,800,217. 80 7,693,142. 94 12,269,274.50 14,473,118.00 13,216,39L81 7,319,763.04 7,891,095.93 8,738,848.08 9,997,421.85 8,162,192.94 7,350,995.54 2,551,240.02 5,194,178.31 9,590,077.65 10,722,683.04 12,180,790.39 12,420,453.94

986,777.77 11,925,707.11 14,877,859.17 7.684,170. 53 8,026,479.70 15,682,943.39 19, 594,578. 36 13,119,941. 94 16,996,205. 72 16,671,184.17 18,373,902.60 1,916,048. 07

25, 603,992. 08 35, 768,900. 67 22, 595, 936. 28 61, 562, 596. 32 97,266, 075. 00 36, 709,294. 56

579, 500. 00 2, 027, 000. 00 3,539, 000. 00 5,212, 500. 00 4, 066, 000. 00

139, 000. 00 3, 744, 500. 00 6,704,000. 00 2,262, 000. 00 5,435, 500. 00

. 6, 093,500. 00 7,391,000. 00 5, 925,500. 00 6,168, 000. 00 4,677,500. 00 3, 294,000. 00

595,000. 00 3, 990, 000. 00 2,718, 000. 00

708, 000. 00 1,711,500. 00 208,000. 00

7-587,000.00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

162 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities,' excluding special issues, July 1969-June 1970—Continued

D a t e

1969 Ju ly 31

31 31 31 31

31 31

Aug . 1

4

4

5

6

6 6

7

7

7

7

7

8 8

11

Securities

U . S . savings notes:* Series S-1967--Series S-1968 ( January to May) . . - . Series S-1968 ( June to Deceraber) - - -Series S-1969 . -Unclassified -

U.S . re t i rement p lan bonds - - _--Deposi ta ry bonds . Firs t Series --Treasury bonds , R E A Series Treasu ry bonds . I n v e s t m e n t Series B-1975-80-

Redeeraed in exchange for 13^% Treasury notes, Series EA-1974

Treasury notes, Series EA-1974 Miscellaneous

To ta l J u l y - . . . . . . . . .

Certificates of indebtedness , foreign series, ma­tur ing:

Sept. 15, 1969 Oct. 10, 1969 Sept. 15, 1969 Oct. 10, 1969 . . .

T reasury certmcates, ma tu r ing J u n e 30, 1970.. T reasu ry bills:

Regular weekly: Matur ing J an . 29,1970

Adjus tments of cash issues Certificates of indebtedness , foreign series,

ma tu r ing : Oct. 10,1969 Oct. 10, 1969 Oct. 17, 1969 Sept. 11, 1969.-Sept. 15, 1969 Sept. 16, 1969. Oct. 10, 1969-.-Sept. 16, 1969

Cer tmcates of indebtedness , foreign currency series, ma tu r ing :

Aug . 6, 1969 F e b . 6, 1970

Treasury biUs: Regular weekly:

D a t e d F e b . 6, 1969 - ^ Redeemed in exchange for series issued

Aug . 7, 1969, due Nov . 6, 1969 Redeemed in exchange for series da ted

Aug . 7,1969 due F e b . 5,1970 Redeemable for ca sh . . . .

Maturh ig N o v . 6,1969 Issued in exchange for series da ted F e b .

6,1969 Issued for cash .

M a t m i n g F e b . 5, 1970. Issued in exchange for series da ted

F e b . 6,1969 Issued for cash

Cer tmcates of indebtedness , foreign series, ma tu r ing :

Oct. 17, 1969 . . . - . . . Sept . 11,1969

Treasu ry certmcates, m a t u r i n g : J u n e 30, 1970 J u n e 30, 1970

Certificates of indebtedness , foreign series, ma tu r ing :

Sept . 16, 1969 Sept . 12, 1969 Sept . 16,1969 Oct . 10, 1969 Oct . 17, 1969 Oct . 24, 1969

R a t e of interest i

Percent

4.74 4.74 5.00 5.00

" " 3 . ' 9 6 " ' 2.00 2.00 . 2M -

13^

6.60 7.10 6.60 7.10 3.50

. . 7.313 .

7.10 . 7.10 . 7.10 . 6.60 6.60 6.60 7.10 6.60

5.125 . 7.45

4 6.127 .

6. 993 .

7. 086 .

7.10 . 6.60

3.50 3.50

6.60 6.60 6.60 7.10 7.10 7.25

Araoun t issued 2

$208,882.18 362,074.16

1,196, 544. 26 33, 554,169. 00

-3,362,635. 75 204,124.14 282, 000. 00

1, 554, 000. 00 .

20,167, 912, 043. 53

46, 000, 000. 00 . 5,000, 000. 00 . 6,000, 000. 00 . 6, 000, 000. 00 .

271. 05 .

-1 ,000 .00 .

7, 000, 000. 00 . 4, 000, 000. 00 . 1,100, 000. 00 . 2, 900, 000. 00 . 2,000,000.00 .

49,872,419. 39

448,238, 000. 00 . 1,153, 902, 000. 00 .

377,308, 000. 00 . 825,938, 000. 00 .

i4,'666,'666."66'.

41,171,988. 66 . 36,536,982.26 .

28, 000,000. 00 . 13, 000, 000. 00 . 10,000, 000. 00 . 13, 000, 000. 00 . 20, 000,000. 00 . 16,000, 000. 00 .

Araoun t m a t u r e d or caUed or re­

deemed prior to m a t u r i t y 3

$2,330, 754. 09 4,477,915. 51

9,234. 00 71, 543. 25

(') 122, 526. 78

2,856, 000. 00 281,000.00

1,554, 000. 00

34, 983,100. 00

16, 753, 678,773. 26

15, 000, 000. 00 1, 000, 000. 00

14, 000, 000. 00

49, 733,981. 03

448,238, 000. 00

377,308, 000. 00 1,975,216, 000. 00

6,000,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 163 T A B L E 34.—Issues, maturities, and redemptions of interest-beai'ing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities Araoun t raatm-ed

R a t e of A m o u n t issued 2 or caUed or re-interest 1 deemed prior to

m a t m i t y 3

1969

14

14

14

14

15

15

15

Certificates of indebtedness , foreign series, m a t m i n g — C o n t i n u e d

A u g 12 N o v . 12, 1969... 13 Sept . 11,1969

Sept . 11,1969 Sept . 15,19o9 N o v . 13, 1969 Sept. 16, 1969 N o v . 13, 1969

T rea su ry biUs: Regular weekly:

D a t e d F e b . 13, 1969----Redeeraed in exchange for series issued

Aug. 14, 1969, due N o v . 13, 1969 Redeemed in exchange for series da ted

Aug . 14, 1969, due F e b . 13, 1970 Redeemable for cash

Matur ing N o v . 13, 1969 Issued in exchange for series da ted

F e b . 13, 1969 Issued for cash .

Matur ing F e b . 13,1970-Issued in exchange for series da ted

F e b . 13, 1969 -Issued for cash -

Treasu ry notes, Series C-1969 Reedemed in exchange for 7 ^ % Treasu ry

notes, Series D-1971- . - . . Redeemable for cash

T rea su ry notes . Series D-1971 --Issued in exchange for 6% Treasu ry notes,

Series C-1969 . Certificates of indebtedness , foreign series,

ma tu r ing : Sept . 15, 1969 - . . ---Sept. 15, 1969-Sept. 15, 1969--- --Sept. 15, 1969 Sept. 15, 1969-Sept . 15,1969 - — Sept . 15, 1969 N o v . 12, 1969 Sept . 12, 1969. . - -

18 Certificates of indebtedness , foreign currency series, ma tu r ing :

Aug . 18, 1969. N o v . 18, 1969

18 T rea su ry notes, foreign series, m a t u r i n g Mar. 13,1970

18 Cer tmca tes of indebtedness , foreign series, m a t u r i n g :

Sept. 12,1969 N o v . 14, 1969

19 Sept . 12, 1969 Oct. 7, 1969 N o v . 13, 1969 N o v . 14, 1969

20 Sept . 12,1969 N o v . 12, 1969 N o v . 14, 1969 Oct . 10, 1969 N o v . 13, 1969

T rea su ry b ihs : Regular weekly :

21 D a t e d F e b . 20,1969.. Redeemed in exchange for series issued

Aug . 21,1969, due N o v . 20,1969 Redeemed in exchange for series da ted

Aug . 21,1969, due F e b . 19,1970.. . Redeemable for cash

21 M a t u r m g N o v . 20,1969 Issued in exchange for series da ted

F e b . 20,1969.. . . Issued for cash

21 Maturh ig F e b . 19,1970 Issued in exchange for series da ted

F e b . 20,1969 Issued for cash

Percent

7.10 6.60 6.60 6.60 7.10 6.60 7.10

4 6.188 .

$16, 000, 000. 00

6,000,000.00 .

'14,'666,'666.'66'.

$7,000,000.00 14,000,000.00 42, 000, 000. 00

'34,'666,'666.'66

454, 079, 000. 00 . 1,136, 650, 000. 00

i.oo

352, 727, 000. 00 . 846,722,000.00 .

7H 2,931,400,000.00

6.60 6.60 6.60 6.60 6.60 6.60 6.60 7.10 6.60

7.00 7.10

6.74

6.60 7.10 6.60 6.45 7.10 7.10 6.60 7:10 7.10 7.10 7.10

4,000,000.00

29, 977, 691.02 .

20, 000, 000. 00 . 33, 000, 000. 00 .

4,100, 000.00 . 5, 900, 000. 00 .

14,000,000.00 . 4, 000, 000.00 ,

20,000,000. 00 . 6,000,000.00 .

6. 855 .

454, 079, 000. 00

352, 727, 000. 00 1, 995, 289, 000. 00

2, 931, 400, 000. 00 434, 689, 000. 00

13, 000, 000. 00 41, 000, 000. 00

9, 000, 000. 00 6, 000, 000. 00

46, 000, 000. 00 6, 000, 000. 00 4, 000, 000. 00

13, 000, 000.00

29, 968, 637. 47

127, 512.95

12,000,000. 00 3,000,000. 00

18,000,000. 00

487, 616,000.00

352,025,000. 00 1,964,973,000. 00

7.121 .

487,616,000.00 . 1,114,052,000. 00 .

352,025,000.00 . 850,397,000.00 .

Foo tno tes a t end of table

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

164 1970 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of interest i

An ioun 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

T r e a s u r y biUs—Continued Regular weekly—Continued

Aug. 21 Ma tu r ingJan .8 ,1970 . -Adjus tments of cash issues

21 Certificates of indebtedness , foreign series, m a t u r i n g :

Aug . 21,1969 Sept. 12,1969- .

Percent

7.308 -$5,000.00 .

22

25

Sept . 12,1969. Sept. 12,1969. Sept . 12,1969. Sept . 16,1969. Sept . 16,1969. Sept . 16,1969. Sept. 16,1969 Oct . 7 ,1969. . . . • Oct . 10,1969 . . . . Oct.10,1969 N o v . 14,1969 Sept . 10,1969 Oct . 7,1969 Oct.10,1969 Oct .10,1969. . . . ' N o v . 14,1969 Oct . 7,1969... Oct .10,1969. . Oct . 24,1969 Oct . 24,1969 Oct . 2 4 , 1 9 6 9 . . . . . . . . . . . . Oct . 24,1969 Oct . 24,1969 N o v . 14,1969..: i

T reasury bills: Regular weekly:

25 M a t m i n g September 18,1969—October 30, 1969 10

Isssed for cash 26 Certificates of indebtedness , foreign series,

ma tu r ing : N o v . 14, 1969 N o v . 14, 1969 N o v . 14, 1969 Sept. 10, 1 9 6 9 . . . Oct . 24, 1969 N o v . 14, 1969. . N o v . 14, 1969--

Treasm-y bills: Regular weekly:

D a t e d F e b . 27, 1 9 6 9 - - - -Redeemed in exchange for series issued

Aug.28,1969, due N o v . 28,1969 Redeemed in exchange for series da ted

Aug.28,1969, due F e b . 26,1970... Redeeraable for cash

M a t m h i g N o v . 28, 1969 Issued in exchange for series da ted

F e b . 27, 1969... Issued for cash

M a t m m g F e b . 26, 1970 . . . . Issued in exchange for series da ted F e b . 27,

1969 Issued for cash .

T a x anticipat ion: M a t m m g Mar. 23, 1970

Adjus t raents of cash issues 28 Cer tmcates of indebtedness , foreign series , '

ma tu r ing : • • • Sept . 10,1969. Sept . 10, 1 9 6 9 . . . . N o v . 14, 1 9 6 9 . . .

29 N o v . 14, 1969. 29 Treasu ry notes, foreign currency series, m a t u r ­

ing J u n e 18, 1973 . 31 U .S . savmgs bonds:*

SeriesE-1941 . . Ser iesE-1942. Series E-1943 •.-SeriesE-1944

Footnotes a t end of table .

6.15 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.60 6.45 7.10 7.10 7.10 6.60 6.45 7.10 7.10 7.10 6.45 7.10 7.25 7.25

•7.25 7.25 7.25 7.10

10,000,000.00 1,000,000.00 . 3,900,000.00 4,100, 000. 00

12,000,000.00 . 43,000,000.00 .

9,000,000.00 26,000,000.00 .

27

28

7.10 7.10 7.10 6.60 7.25 7.10 7.10

2,120, 538, 000. 00

27,000,000.00 11,000,000.00

28

28

7.292-

481,482,000.00 1,118,737,000.00

352,417,000.00 848,607,000.00 .

3,000. 00

6.60 6. 60 • 7.10 7.10

5.77

6 3. 312 6 3. 350 6 3. 393 6 3.429

365, 099. 55 2, 569,246.13 3,500,117.60 6,422,653.83

$7,000, 20,000, 4,100, 1,000, 4, 000, 2,000,

28,000, 1,100,

10, 000, 5,900,

10, 000, 4,100,

000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000. 00 000.00

3,900, 000. 00 2,100, 000. 00 4, 000,000.00 6,000,000. 00 4,000,000. 00 6,000, 000. 00

15, 000,000. 00 4, 000, 000. 00 4,000,000. 00

6,000, 000. 00 11, 000. 000. 00

481,482,000. 00

352,417, 000. 00 1, 968,235, 000. 00

1,000,000.00 2, 000,000. 00 9,000,000. 00

25,000,000. 00

100,182,893.89

1,312,429.47 5,245,450. 41 8,259,796. 73

10, 679.633. 93

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 165 T A B L E 34.—Issues, maturities, and redemptions of interest-hearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Secmities

1969 Aug . 31 U . S . savings bonds—Cont inued

Series E-1945 SeriesE-1946 . Series E-1947 : . Series E-1948 Series E-1949. . Series E-1950 Series E - 1 9 5 1 - . : Series E-1952 ( January to A p r i l ) . . . : . . : 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 (Feb rua ry to December) Series E-1958 Series E-1959 ( January to May) : Series E-1959 (June to December ) . : Series E - 1 9 6 0 . . . . . Series E-1961 SeriesE-1962 SeriesE-1963 : . . . . Series E-1964. . Series E-1965 ( January to Noveraber) Series E-1965 (Deceraber) . Series E-1966 Series E-1967 Series E-1968 ( January to May) Series E-1968 (June to Deceraber) . Series E - 1 9 6 9 . . . . Unclassmed sales and rederapt ions SeriesH-1952 : . . Series H-1953 SeriesH-1954 Series H-1955 Series H-1956 Series H-1957 ( January) Series H-1957 (Feb rua ry to DeceralDcr) Series H-1958 Series H-1959 ( Janua ry to May) : . . . Series H-1959 ( June to Deceraber) SeriesH-1960 Series H-1961 . Series H-1962 . . . SeriesH-1963 Series H-1964 Series H-1965 ( J anua ry to Noveraber) .i Series H-1965 (Deceraber) SeriesH-1966 . . SeriesH-1967 Series H-1968 ( J anua ry to May) . Series H-1968 ( June to Deceraber) Series H-1969 Unclassified sales and rederapt ions . : .

31 T r e a s u r y notes . Series C-1970 : . . . . . Ad jus tments of issnes ii

31 U .S . savings notes:» Series S-1967 : . . . . . . . : . Series S-1968 ( Janua ry t o M a y ) . . . . . . . . . Series S-1968 ( June to Deceraber) : : . . . Series S-1969 . . Unclassified

31 U . S . r e the raen t p lan bonds . . . . . . . : 31 Depos i ta ry bonds , F h s t Series 31 T rea su ry bonds , R E A Series . . . . . : . . 31 T r e a s m y bonds , Inves t raen t Series B-1975-80.

Redeemed in exchange for 13^% Treasu ry notes . Series EA-1974 :

31 Treasu ry notes . Series EA-1974 31 Miscellaneous

T o t a l August .

R a t e of interest i

Percent

8 3.458 6 3.494 6 3.527 6 3. 562 6 3.483 6 3.447 6 3. 500

3.540 6 3. 595 6 3. 634 6 3. 684 8 3. 735 6 3.785

3.820 6 3.956 6 4. 004

4.040 6 4. 054 6 4. 077 6 3.996 6 3. 980 6 4. 040 9 4.110 6 4.166

4.220 4.226 4.237 4.250 4.250 4.250

6 3:497 . 6 3. 539 . 6 3. 588 . 6 3. 637 . 6 3.689 .

3.730 . 9 3.903. . 6 3. 960 .

4. 000 . 6 3. 884 . 6 3. 916 . 8 3:963 . 6 4.013 .

•6 4.068 1 8 4.123 . 6 4.175 .

4.220 . 4.225 . 4. 235 . 4.240 .

- 4. 250 4.250

OH -

4; 74 4.74 5:00 5.00

' " "3 . "96" ' 2.00 2. 00 2M -

m

A m o u n t issued 2

$3,182,754.96 2,872,340. 53 3,258,205. 00 3, 722,232. 06 4,335, 528. 54 4, 077,154. 30 3,292, 978. 37 1, 671, 547. 74 4,168, 654. 94 4, 675, 334. 06 4, 905, 298. 20 5,119, 004.43 5,100, 536. 37

-198 .91 4, 420, 741. 88 4, 879,125. 02 2, 502, 442. 95 2,468, 672.49 4, 890, 541. 89 4, 471, 407. 53 6, 276, 647. 88 7,723,850.42 7,477, 280.48 7, 241, 306. 24

89.94 8,098,854.48 4, 019,136. 08 3, 941, 962. 00 3, 992, 902.03

234,070,416.76 102, 690, 879. 29

500.00 - 28, 474, 000. 00

7 -654 , 500. 00

-5 ,000 .00 .

245, 837.35 362,139. 42

1, 079, 589.15 20, 253, 422. 25 .7, 217,116. 06

407, 223, 21 643, 000. 00 50,000.00

642,000.00 .

17,428, 511,424. 88

A m o u n t m a t u r e d or caUed or re­

deemed prior to raaturity 3

$9, 675,673.18 5, 026,437. 90 5, 566, 274. 67 6,495,141. 40 7, 701.877. 65 6,094,830.88 5,464, 396. 82 1,683,299. 98 3 903,786.38 6, 829, 388. 92 7, 581, 990. 69 8, 770,160. 48 8, 964, 743. 91

785, 504. 55 8, 323, 517. 74

10, 556, 505. 74 5,102, 933. 00 6,126, 591. 55

11, 049, 865. 99 14, 214, 298. 81 9, 253, 945. 88

11, 764, 906. 26 11, 907, 543. 59 12,404, 001.40 1,438, 213. 95

17, 412, 998. 78 24, 206, 827.14 14, 557, 876.35 36, 821, 057.10 80, 919, 768. 75

105, 564, 779.33 443, 500. 00

1,137, 500. 00 2,195, 000. 00 2, 815, 000. 00 2, 213, 600. 00

109, 500. 00 1, 853, 500.00 4, 499, 600. 00 2, 785, 000. 00 3, 415, 500. 00 5,476, 600. 00 6, 039, 000 00 4, 627, 500. 00 4,498, 000. 00 3, 634, 000. 00 2, 700, 000. 00

254, 600. 00 2, 842, 000. 00 2, 410, 500. 00

880, 000.00 1, 036, 500. 00

633, 500. 00 3, 274, 000. 00

1, 659,390. 21 2, 621, 667. 05 1,310, 896. 75

72, 798. 75 (9)

76, 896. 07 780, 000. 00 225, 000. 00

642, 000. 00

28,100, 600. 00

15,844, 736,212. 48

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

166 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Araount matured

or caUed or re­deeraed prior to

matmity 3

Sept. 2 12

Percent Treasmy bUls:

Regular monthly: Dated Aug. 31,1968 4 5.400

Redeemed in exchange for series issued Aug. 31, 1969, due May 31, 1970

Redeemed in exchange for series dated Aug. 31, 1969, due Aug. 31, 1970.

Redeemable for cash Maturing May 31,1970 7.387

Issued in exchange for series dated Aug. 31, 1968

Issued for cash Maturmg Aug. 31, 1970 7.340 .

Issued in exchange for series dated Aug. 31, 1968.

Issued for cash Matming Feb. 26, 1970 7.292

Adjustraents of cash issues..

$180,261,000.00 320,058,000.00 .

336,075,000.00 864,451,000.00

.50 -2,000.00

253.54

7.10 7.10 6.20 6.20 6.45 6.45 7.10 7.10 6.45 6.45 7.10

30,000,000.00 . 10,000,000.00 . 1,200,000.00 .

13, 700, 000. 00 . 2,100, 000. 00 . 6,000,000.00 .

9,000,000.00 .

Treasury certmcates, maturhig June 30, 1970.. Certmcates of indebtedness, foreign series,

maturing: Nov. 14, 1969 Nov. 14. 1969.. Sept. 5, 1969... Sept. 10, 1969... Oct. 2, 1969... Oct. 7, 1969... Oct. 10. 1969... Nov. 14, 1969 Oct. 2, 1969 Oct. 7, 1969 Nov. 14, 1969

Treasury biUs: Regular weekly:

DatedMar. 6, 1969. 4 6.251 Redeemed in exchange for series issued

Sept. 4, 1969, due Dec. 4,1969. Redeeraed in exchange for series dated

Sept. 4, 1969, due Mar. 6, 1970 Redeemable for cash..

Matmmg Dec. 4, 1969 7.012 Issued in exchange for series dated

Mar. 6, 1969 485,700,000.00 Issued for cash 1,116,711,000.00

Matmhig Mar. 5, 1970 7.167 Issued in exchange for series dated

Mar. 6, 1969 Issued for cash.

3.50

302.688,000.00 . 898,432,000.00 20,887,133. 08 .

10

6.20 7.10 7.05 7.10 7.20 6.60 6.60 6.45 7.20

2,000, 000. 00 . 30, 000,000. 00 .

"i5,"ooo,"oo5."oo".

35,000,000. 00 .

Treasury certmcates, maturing June 30,1970.. Certmcates of indebtedness, foreign series,

maturing: Sept. 5, 1969 — . Nov. 14, 1969 -Dec. 5,1969 -Nov. 14, 1969 -Dec. 9, 1969 Sept. 10,1969 Sept. 10,1969 -Oct. 7,1969 -Dec. 10,1969 -

Treasury biUs: Regular weekly:

11 Dated Mar. 13,1969 - 4 6.450 Redeemed in exchange for series issued

Sept. 11,1969, due Dec. 11,1969-.. Redeemed in exchange for series dated

Sept. 11, 1969, dueMar. 12, 1970...-Redeemable for cash -

11 Maturing Dec. 11,1969 7.183 Issued in exchange for series dated

Mar. 13, 1969 - 283,781,000. 00 Issued for cash 1,316,435,000.00

11 Maturing Mar. 12, 1970 7.407 Issued in exchange for series dated Mar. 13, 1969 - 204,625,000. 00

Issued for cash - _ 996,735,000. 00

Footnotes at end of table.

$180,261,000. 00

336,075, 000. 00 1,189, 672, 000. 00

9,000,000. 00 15, 000,000. 00

1,200,000.00 5,800,000. 00

485,700,000.00

302,588,000. 00 2,013,726,000. 00

30,000,000. 00

6,000, 000. 00

25, 000,000. 00 10, 000,000. 00 3, 000,000. 00

283,781,000. 00

204,625, 000. 00 2,311,890,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 167 TABLE 34.—Issues, maturities, and redemptions of interest-hearing public

securities, excluding special issues, July 1969-June 1970—Continued debt

D a t e

1969 Sep t . 11

12

15

16

17

18

IS

18

18 ' 18

19

19

22 22

23

23

24

24

Secmities

Cer tmcates of indebtedness , ma tu r ing :

Oct . 7, 1969 Oct .10,1969 N o v . 14, 1969 Dec . 11, 1969 D e c . 5 , 1969 Dec . 11,1969 Dec . 12,1969 Oct .10,1969 Oct .10,1969 Dec . 5, 1969 Oct. 7, 1969- -Oct .10,1969 Dec . 15, 1969 Oct .10,1969 Oct. 10,1969 - --

^ N o v . 14, 1969 -N o v . 14, 1969- -

foreign

Dec . 9, 1969 -Oct. 2, 1969----Oct. 7, 1969 — . Oct. 10, 1969-Oct . 17, 1969 Dec . 11, 1969 Dec . 15, 1969 - .

Treasury bills: Regular weekly:

D a t e d Mar. 20, 1969 -Redeeraed in exchange for series

Sept . 18,1969, due Dec . 18, 1969. Redeemed in exchange for series

Sept. 18, 1969, due Mar. 19, 1970. Redeemable for cash

M a t m i n g Dec . 18, 1969 Issued in exchange for

Mar. 20, 1969 Issued for cash

Matur ing Mar. 19,1970 Issued in exchange foi

Mar . 20, 1969 Issued for cash

• series

• series

Treasury certificates, m a t u r i n g J u n e 30, Certificates of indebtedness , foreign

n ia tu r ing : Oct . 17,1969 Oct. 17, 1969 Dec . 9, 1969 Dec . 11,1969 Dec . 11,1969 Dec . 12, 1969 Dec . 15, 1969 O c t . 2 , 1 9 6 9 - — Oct . 17, 1969 Dec . 12, 1969 Oct 2 1969

series,

issued

da ' ted '

"d'ate'd"

da ted

1970. . . series.

Treasury certificates, raaturing: J u n e 30, 1970 J u n e 30,1970

Cer tmcates of indebtedness , foreign scries, m a t u r i n g :

Oct . 17,1969 N o v . 13, 1969 -N o v . 13, 1969 -N o v . 13, 1969 - - . - -Oct. 2, 1969 Dec . 15, 1969 N o v . 13, 1969 N o v . 13, 1969 Dec . 10, 1969 Dec . 15, 1969

T r e a s m y notes, foreign series, raaturing: Sept . 23, 1969. Dec . 21, 1970 Sept . 24, 1969 J a n . 18, 1 9 7 1 . - . .

Treasury certmcates, ma tu r ing J u n e 30,1970. . .

R a t e of interest i

Percent

6.45 . 7.10 . 7.10 . 7.20 7.05 . 7.20 7.20 7.10 . 7.10 . 7.05 . 6.45 7.10 7.20 7.10 . 7.10 . 7.10 . 7.10 . 7.20 . 6.45 6.45 7.10 . 7.10 . 7.20 . 7.20

4 6. 389

7.156 .

7. 329 .

3.50

7.10 . 7.10 , 7.20 . 7.20 7.20 7.20 , 7.20 6.45 7.10 7.20 6.45

3.50 3.50

7.10 7.10 7.10 7.10 6.45 7.20 7.10 7.10 7.20 7.20

6. 375 7.85 6.30 7.80 3.50

Araoun t issued 2

$100, 000,000. 00 .

8, 000,000. 00 . 100, 000, 000. 00 .

12, 900,000. 00 . 3,100,000. 00 .

13, 000, 000. 00 .

4,200, 000. 00 . 800, 000. 00 .

11, 000,000. 00 .

473,292, 000. 00 . 1,327,746,000. 00 .

301,958,000. 00 . 898,740, 000. 00 .

19,416,704.74 .

1,000,000.00 .

1,000,000.00 .

13,009,825.92 . 405,243. 00 .

5,000.000. 00 . 11,000,000. 00 .

2,000,000. 00 .

100,000,000. 00 .

50,000,000. 00 . 6,473.75 .

A m o u n t m a t u r e d or caUed or re­

deeraed prior to raaturity 3

$4,900,000. 00 3,100,000. 00 5, 000, 000. 00

29, 000,000. 00

3,000,000. 00 12,000,000. 00 1,000,000. 00

8, 000, 000. 00 5, 000,000. 00 4, 000, 000. 00 2, 000, 000. 00 6,000, 000. 00

7,000,000. 00 2, 000, 000. 00

15, 000,000. 00

473,292,000. 00

301,9o8,000. 00 2,228,296,000. 00

8,000,000. 00 1,000,000. 00 4,000,000. 00

85,000,000. 00 8,000,000. 00

28,000,000. 00 6,000,000. 00

11,000,000. 00 72,000,000. 00

8,000,000. 00 6,000,000. 00

14,000,000. 00 12,000,000. 00

2,000,000. 00 6,000,000. 00

10,000,000. 00

100,000,000. 00

50, 000,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

168 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Amomit matured

or caUed or re­deeraed prior to

raaturity 3

Sept . 24 Certificates of indebtedness , foreign series, raaturing:

Oct . 24 ,1969 . . . . D e c . 10, 1969 Dec . 15, 1969 Oct .2 ,1969

Treasu ry bills: Regular weekly :

25 D a t e d Mar. 27,1969 Redeeraed in exchange for series issued

Sept . 25,1969, due Dec . 26,1969 Redeemed in exchange for series da ted

Sept . 25,1969, due Mar. 26,1970 : Redeemable for cash

25 Matur ing Dec . 26, 1969.. Issued in exchange for series da ted

Mar. 27, 1969 Issued for cash

25 M a t u r i n g M a r . 26 ,1970 . . . . Issued in exchange for series da ted

Mar. 27, 1969 Issued for cash

25 Certificates of indebtedness , foreign series, ma tu r ing :

Dec . 15,1969 . . . Dec . 15, 1969 Dec . 15,1969 Oct . 24, 1969 Dec . 10, 1969

25 Treasu ry certificates, m a t u r i n g J u n e 30,1970. . 26 Treasury notes, foreign series ma tu r ing Mar.

13, 1970 26 Certificates of indebtedness , foreign series,

ma tu r ing : Oct 2, 1969 . . . : Oct . 10, 1969 Oct . 17, 1969 N o v . 13,1969 . Dec . 10,1969.. . -Dec . 15,1969 - -Dec . 15,1969

29 Oct . 2, 1969 O c t . 2 , 1969 Oct. 2, 1969 Oct. 2, 1969 O c t . 2 , 1969 Oct . 10, 1969 : Oct. 17, 1969 Dec . 5, 1969 . . . Dec . 15, 1969

29 Treasu ry notes, foreign currency series, ma tu r ing : "

Sept . 29, 1969 . . . J a n . 29, 1971

Treasury bills: Regular m o n t h l y :

30 D a t e d Sept . 3 0 , 1 9 6 8 . . . Redeeraed in exchange for series issued "

Sept . 30, 1969, due J u n e 30, 1970 Redeemed in exchange for series da ted

Sept . 30,1969, due Sept . 30, 1970 Redeemable for cash :

30 Maturh ig J u n e 30,1970 . -Issued in exchange for series da ted

Sept . 30, 1968 -Issued for cash

30 Ma tu rmg Sept. 30 ,1970 . . : I ssued in exchange for series da ted

Sept . 30,1968. Issued for cash

30 Certificates of indebtedness , foreign series, ma tu r ing :

Oct . 2, 1969 O c t . 2 , 1 9 6 9 . . . . : . . - . Dec . 15,1969. . . . . . . . : . . Dec . 15, 1969

30 Treasury certmcates, ma tu r ing J u n e 30,1970..

Footnotes a t end of table .

Percent

7.25 7.20 7.20 6.45 $3, 000, 000. 00 .

1 6. 268 .

7.162 .

481,807,000.00 . 1,318, 763,000. 00 .

7.20 7.20 7.20 7.25 7. 20. 3.50

5.74

6.45 7.10 7.10 7.10 7.20 7.20 7.05 6.45 6.4.5 6.45 6.45 6.45 7.10 7.10 7.05 7. 20

6.16 7.85

7.357

7.350 .

6.45 . 6.45 . 7.20 . 7.20 . 3.50

278,339,000.00 . 922,776,000.00 .

2,000,000.00 . 26,000,000.00 . 46,196,917.73 .

19,000,000.00 . 35,000,000.00 . 30,000,000.00 . 40,000,000.00 . 9,000,000.00 .

29,000,000.00 . 30, 000, 000. 00 .

30,243,108.06

75,254,000.00 . 425,013,000.00 .

319,852,000.00 . 685,415,000.00 .

365.11

$2, 000,000. 00 25, 000, 000. 00 3,000,000. 00

481,807,000. 00

278,339,000. 00 2,243,815,000. 00

4, 000,000. 00 11,000,000.00 11,000,000.00

550,784. 97

4,200, 1,000, 1,000, 5, 000,

800, 35, 000, 26,000, 30, 000,

1,000,

000. 00 000.00 000. 00 000. 00 000.00 000.00 000. 00 000. 00 000. 00

30,106, 530. 80

75, 254,000.00

319, 852, 000. 00 1,105,901,000. 00

18,800,000. 00 2,200,000.00 1,000,000.00 29,000,000. 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 169

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Secmities

1969 Sept . 30 U . S . savhigs bonds: s

Series E - 1 9 4 1 . _ . SeriesE-1942 Series E - 1 9 4 3 - . . Ser iesE-1944. Series E-1945 SeriesE-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 - 1 9 5 5 . - -Series E-1956 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 Deceraber) SeriesE-1960 Series E-1961 SeriesE-1962 SeriesE-1963 Series E - 1 9 6 4 . . . . Series E-1965 ( January to Noveraber) Series E-1965 (Deceniber) Series E-1966 Series E-1967-Series E-1968 ( January to May) : Series E-1968 ( June to Deceniber) Series E-1969 Unclassified sales and rederapt ions SeriesH-1952 Series H-1953 Series H-1954 . . SeriesH-1955 Series H-1956 Series H-1957 (January) Series H-1957 (Februa ry to Deceraber) Series H-1958 Series H-1959 ( January to M a y ) . . Series H-1959 (June to Deceraber) SeriesH-1960 SeriesH-1961 SeriesH-1962 SeriesH-1963 Series H-1964 Series H-1965 ( January to Nove rabe r ) . Series H-1965 (D eceraber) Series H-1966 SeriesH-1967 Series H-1968 ( January to May) Series H-1968 (June to December) Series H-1969 Unclassified sales and redenipt ions

30 Treasu ry notes . Series D-1971 Adjus t raents of issues 11

•30 U .S . savings notes: s Series S-1967 Series S-1968 (January to May) Series S-1968 (June to Deceraber) Series S-1969 Unclassified

30 U .S . re t i reraent p l a n bonds 30 Deposi ta ry bonds , F i rs t Series 30 Treasury bonds , R E A Series

. 30 Treasury bonds , Inves t raen t Series B-1975-80.. Redeeraed in exchange for 1 ^ % Treasury

notes. Series EA-1974 30 Treasury notes, Series EA-1974 30 Miscellaneous . .

To ta l Septeniber .

R a t e of interest i

Percent

. 6 3.312

. 6 3. 350

. 6 3. 393

. 8 3. 429

. 6 3.458

. 8 3.494

. 6 3. 527

. 6 3. 562

. 6 3.483 6 3. 447

. 6 3. 500 3. 540

8 3 595 . 6 3. 634 . 6 3. 684

8 3. 735 . 6 3. 785

3. 820 . 6 3.956 . 6 4.004

4.040 . 8 4. 054 . 8 4. 077 . 6 3.996 . 6 3. 980

6 4. 040 8 4. n o 8 4.166

4. 220 4.226 4.237 4.250 4.250 4.250

6 3. 497 . 6 3. 539 . 6 3. 588 8 3 637 8 3. 689

3 730 8 3.903 8 3.960 .

4.000 8 3. 884 . 8 3. 916 . 8 3. 963 . 6 4. 013 . 8 4. 068 8 4 123 6 4.175

4. 220 . 4. 225 . 4. 235 . 4.240 4.250 4.250

7K -

4.74 4.74 5 00 5.00

3.96 2.00 2.00 2M

IM

-

Araoun t issued 2

$370,270.70 2, 815,055. 53 8, 329,885. 62 3,197,228.11 3, 049,945.93 2, 733,038. 80 3,287,932. 25 3,485,023. 65 4,161, 570. 20 4,005,043. 72 3,268,250.11 1, 606, 230. 80 1 915 721. 50 5, 377,900. 60 5, 565,692.16 5,870,773. 80 5,995, 046. 25 2, 718,091.80 4, 685,971. 41 5, 090,456.61 2,437,927.47

. 5, 629,625.38 5, 847, 691.14 9,097, 229. 29 6,460,199. 58 7,621, 321.22 7,324,421. 62 7,663,911.47

- 5 6 . 25 8,775,914.80 8,691,749.87 4, 496, 839. 08 4, 476, 283. 98

421, 760, 553. 32 7-109,482,239.36

2, 000. 00 27, 541, 500. 00

7-1,821.000.00

—75,000 00

317,166. 25 402, 593. 63

1,084 694 53 33,392, 675. 32

- 3 , 402, 772. 50 509,629. 43 38,000. 00 30, 000.00

4,878,000.00 .

16, 271,199, 013.75

Araoun t raatured or caUed or re­

deeraed prior to m a t m i t y 3

$1,965, 769. 86 8,148,199. 88

13,012,910.12 16,706,613. 21 14, 645, 558. 81

8,165, 793. 94 9,213, 252.18

10, 280,061. 55 11,928,017. 05 9,852, 526. 28 8, 567,960. 01 2, 682,221.90 6,033, 571.36

10,920, 539.93 12,123,768. 56 13,554,253.80 14,046,790.47

1,220,271. 50 13, 558,802.47 16,983,641. 36

7,632,226.99 9,893, 591. 70

16,982,697. 70 22,117,736.90 15,660,980. 48 18, 537,620. 29 18,822,851.12 19,632,812.92 2,242, 514. 21

27,189,445. 44 37, 408,029. 51 21,707,774.86 51, 226,142. 07

128,177,248. 47 7-115,819,278.83

710,000. 00 1,682, 500. 00 2,957,000. 00 3,676, 500. 00 2,874, 500. 00

22, 500. 00 2,490, 500. 00 4,644, 500.00 2, 561, 500. 00 3,159, 500. 00 5,030,000. 00 5,361,000. 00 4,391,000.00 3,750,000. 00 3, 688,000. 00 2,716, 500. 00

143,000. 00 2,956,000. 00 2,641, 500. 00

811, 000. 00 1,067, 500. 00

666, 500. 00 3, 560, 500. 00

2,287,855. 67 3, 251,411. 37 3,069,487 15

115,303. 50 (9)

94, 596. 05 566, 500. 00 200,000. 00

4, 878,000. 00

29,660,800. 00

16,292,197,687.58

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

170 1970 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-hearing puhlic debt securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Amount matured

or caUed or re­deemed prior to

maturity 3

Oct. Percent

Treasury notes. Series EO-1969 13^ Redeemed in exchange for:

8% Treasury notes. Series E-1971 75^% Treasury notes. Series A-1973. 73^% Treasury notes, Series C-1976

Redeemable for cash— Treasm-y bonds of 1969 (10-1-57) 4. 00 --- -

Redeeraed in exchange for: 8% Treasury notes. Series E-1971 7%% Treasury notes, Series A-1973-7M% Treasmynotes, Series C-1976 -

Redeemable for cash Treasury bonds of 1964 -69 2}4

Redeemed in exchange for: 8% Treasury notes, Series E-1971 7H% Treasury notes, Series A-1973 7K% Treasury notes. Series C-1976--

Treasmy notes, Series E-1971 8. 00 Issued in exchange for:

1M% Treasury notes. Series EO-1969 $51,415,000.00 . 4% Treasmy bonds of 1969 (10-1-57) 3,168,166,000.00 . 2M% Treasmy bonds of 1964-69 955,898,500.00 .

Treasury notes, Series A~1973 --- 73^ Issued in exchange for:

13 ^% Treasury notes, Series EO-1969 12,660,000. 00 . 4% Treasury bonds of 1969 (10-1-57) 870,308,500. 00 . 2}^% Treasury bonds of 1964 -69 274,733,500.00 .

Treasury notes. Series C-1976 73^ --- -Issued in exchange for:

l}6% Treasury notes, Series EO-1969 2,347,000.00 . 4% Treasury bonds of 1969 (10-1-57) 1,108,295,500.00 .

6.45 7.10 7.20 7.10

8.00

6.456 . 7.106

23? % Treasury bonds of 1964-69 Certificates of indebtedness, foreigii series,

maturing: Oct. 2,1969 - -Oct. 17, 1969 Dec. 15,1969 -Dec. 31,1969. .

Treasury notes, foreign series raaturing Feb. 18,1971...

Treasury certificates, raaturing: Oct. 1, 1969 Jan. 1, 1970.

Treasury bUls: Regular weekly:

Dated Apr. 3, 1969 < 6. 246 Redeemed in exchange for series issued

Oct. 2, 1969, due Jan. 2, 1970 Redeemed in exchange for series dated

Oct. 2, 1969, due Apr. 2, 1970 Redeemable for cash

Maturing Jan. 2,1970 7.106 Issued in exchange for scries dated

Apr. 3, 1969 Issued for cash

Maturing Apr. 2, 1970 7. 340 Issued m exchange for series dated

Apr. 3, 1969 Issued for cash

Certificates of indebtedness, foreign series, maturing:

Oct. 2, 1969 6.45 Oct. 2, 1969 6.45 Oct. 7, 1969 6.45 Oct. 7, 1969 6.45 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Oct. 10, 1969 7.10 Dec. 31, 1969 7.10 Oct. 17, 1969 7.10 Dec. 31, 1969 7.10

570,832,000. 00 .

1,000,000. 00 . 13,000,000. 00 . 8,000,000. 00 .

220,000,000.00 .

50,000,000. 00 .

328,944.32 .

454,212,000. 00 . 1,357,329,000. 00 .

353,138,000. 00 . 855,312, OOC. 00 .

Oct. 10, 1969. 7.10 18, 000, 000. 00 .

$51,415,000.00 12,660,000. 00 2,347,000. 00

92, 504,000. 00

3,168,166,000. 00 870,308, 500. 00

1,108,295,500. 00 1,093,061, 500. 00

955,898, 500. 00 274,733,500. 00 570,832,000. 00

323,719. 49

454,212, 000. 00

353,138, 000. 00 2,196,168,000. 00

200,000. 00 1,000,000. 00

12,900,000. 00 800,000. 00

4,200,000.00 5,000,000. 00 6, 000,000. 00 2,900,000. 00 4,100,000. 00 2,100,000. 00 2,000,000. 00

11,000,000. 00 4,000,000.00

13,000,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 171 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing puhlic debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date

1969 Oct . 3

3

3

6

6 6

7

7

7

7

8 8

9

9

9

9

10

13

14

Securities

T reasu ry certificates, matm-ing: Oct . 3,1969 J a n . 3,1970 J u n e 30,1970 .

T reasu ry bUls: Regular weekly:

Matur ing Dec . 18,1969 Adjus t raen ts of cash issues Adjus t raen ts of exchange issues

R egular raonthly: Matur ing Sept . 30, 1970

Adjus t raents of cash issues Treasury notes, foreign currency series, raatur­

ing Aug . 24, 1970 Treasury certificates, ma tu r ing J u n e 30,1970--. Certificates of indebtedness , foreign series,

m a t u r i n g : Oct . 17, 1969 - - - - - -N o v . 13, 1969 Oct. 7, 1969 Oct . 10, 1969 -Dec . 15, 1969 Oct. 7, 1969 N o v . 13, 1969...- - -Dec . 15, 1969 -

Treas iuy notes, foreign series ma tu r ing N o v . 2, 1970 - - -

Certificates of indebtedness , foreign currency series, raaturing:

Oct . 7,1969 A p r . 7, 1970

Treasu ry certificates, raaturing: J u n e 30, 1970. . . J u n e 30,1970

Certificates of indebtedness , foreign series, m a t u r i n g :

Oct . 10,1969 Oct. 10, 1969 Oct. 10, 1969 -Oct . 23,1969 Oct . 23, 1969 Oct . 23, 1969 N o v . 13, 1969 Dec . 10,1969 Dec . 10,1969 Dec . 15,1969

Treasury biUs: Regular weekly:

D a t e d Apr . 10, 1969 Redeeraed in exchange for series issued

Oct. 9,1969, due J a n . 8,1970. Redeemed in exchange for series da ted

Oct . 9,1969, due Apr . 9, 1970 Redeemable for cash . .

Matur ing J a n . 8, 1970 Issued in exchange for series da ted A p r .

10,1969 -Issued for cash

Matur ing Apr . 9, 1970. . - _ -Issued in exchange for series da ted Apr .

10, 1969 - -Issued for cash-- _

Certificates of indebtedness , foreign m a t m i n g :

N o v . 13,1969 Dec . 10, 1969- -Dec . 15,1969 Dec . 15,1969

Treasury biUs: Regular weekly:

Matur ing Mar. 26, 1970 -Ad jus tmen t s of cash issues Adjus tmen t s of exchange issues- -

Certificates of indebtedness , foreign raaturing:

N o v . 13, 1969- --Dec . 15, 1969 - - - - -

series,

series.

R a t e o f interest i

Percent

6.456 . 7.106 3.50

7.156 .

7. 350 -

6.33 . 3.50

7.10 -7.10 -6 .45. 7.10 7.20 6.45 -7.10 . 7.20

6.00 .

6.25 . 7.73

3.50 3.50

7.10 . 7.10 . 7.10 . 7.25 . 7.25 . 7.25 . 7.10 . 7.20 . 7.20 . 7.20

4 6. 591 .

7.047 .

7. 290 .

7.10 7.20 7.20 7.20

7.361 .

7.10 7.20

Araoun t issued 2

$1,559,123.41 . 2,176,417.54 .

- 200 , 000. 00 . 200,000. 00 .

- 3 , 000. 00 .

121,002,367.37 .

13,700,000.00 . 8,300,000. 00 .

14,000,000.00 .

45,000,000.00 .

54,686,772.78 .

75,857,567.47 . 39,110,972.88 .

11, 000,000. 00 .

351,919,000.00 . 1,448,721,000.00 .

304,208,000.00 . 896,386,000.00 .

12,000,000. 00 . 10,000,000.00 . 19,000,000. 00 . 3,000,000. 00 .

1,000.00 . -1 ,000 .00 .

21, 000,000. 00 .

Araoun t m a t u r e d or called or re­

deemed prior to m a t m i t y 3

$1,534,358.86

25,101,370. 92

13,000,000. 00 2,000,000. 00

13,700,000. 00 32,000,000. 00

196,307.12

54,372,975.47

1,100,000. 00 18,000, 000. 00 8,300,000. 00 5,000,000. 00

11,500,000. 00 11,000,000. 00 6,000,000. 00 7,000,000. 00 3,000,000. 00

351,919,000.00

304,208,000.00 2,347,800,000.00

12,000,000. 00

Footnotes at end of table. 40'9-714—71 12

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

172 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-hearing public debt securities, excluding special issues, Ju ly 1969-June 1970—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 re­deeraed prior to

raaturity 3

1969 Treasu ry bills:

Tax ant ic ipat ion: Oct . 14 Matur ing Apr . 22, 1970

Issued for cash __ 14 Treasury certificates, raaturing J u n e 30,1970 15 Certificates of indebtedness , foreign series,

ma tu r ing : Dec . 10,1969 Dec . 10,1969 Dec . 31,1969 Dec . 15,1969

Treasury biUs: Regular weekly:

16 D a t e d Apr . 17, 1969 Redeemed in exchange for series issued

Oct. 16, 1969, due J a n . 15, 1970 Redeemed in exchange for series da ted

Oct. 16, 1969, due Apr . 16, 1970 Redeemable for cash

16 Matur ing J a n . 15, 1970 Issued in exchange for series da ted

A p r . 17, 1969 Issued for cash

16 Matur ing Apr . 16, 1970 Issued in exchange for series da ted

Apr . 17, 1969 Issued for cash

16 Treasury certificates, raaturing J u n e 30,1970.. 16 Certificates of indebtedness , foreign series,

m a t u r i n g : Dec . 3i , 1969 . . N o v . 13, 1969 Dec . 10, 1969 Dec . 15, 1969. . .

17 Dec . 15, 1969. 20 Treasury certmcates, n ia tur ing J an . 1, 1 9 7 0 . . . 20 Certificates of indebtedness , foreign series,

m a t u r i n g : N o v . 13, 1969 Dec . 10, 1969 Dec . 10, 1969.. Dec . 15 ,1969. . . Dec . 15,1969 Dec . 15,1969 J a n . 19, 1970

21 Oct. 24, 1969 Dec . 10,1969 Dec . 10, 1969 Dec. 15, 1969 . . . . J a n . 20, 1970

22. Oct. 24, 1969 . . . — J a n . 19, 1970 : . . . J an . 20, 1970 Dec . 11, 1969 . . . . Dec . 15, 1969 J an . 22, 1970

Treasury bills: Regular weekly:

23 D a t e d Apr . 24, 1969 Redeemed in exchange for series issued

Oct. 23, 1969, due J an . 22, 1970. Redeemed in exchange for series da ted

Oct. 23, 1969, due Apr . 23, 1970. Redeemable for cash

23 Matur ing J a n . 22, 1970. Issued in exchange for series da ted

Apr . 24,1969 . Issued for cash ---

23 Matur ing Apr . 23,1970 Issued in exchange for series da ted

Apr . 24,1969 Issued for cash

23 Certificates of indebtedness , foreign series, ma tu r ing :

Oct. 24,1969 -- . -Dec . 9,1969 -- - - . Dec . 10,1969 Dec . 11,1969

Percent

7.284 .

3.50

7.20 7.20 7.10 7.20

4 6. 613 .

$2,006,704, 000. 00 . 345,438.36 .

28,000,000.00 .

$6,000, 000. 00 8,000, 000. 00

100,000, 000. 00

7.327

490,661,000.00 . 1.314, 009,000. 00 .

254,273,000.00 . 948,841,000.00 .

3. 50 51,699, 966. 75 .

7.10 7.10 7.20 7.20 7.20 7.106 .

7.10 7.20 7.20 7.20 7.20 7.20 7.05 7.25 7.20 7.20 7.20 7.00 7.25 7.05 7.00 7.20 7.20 7.00

4 6. 663 .

10,000, 000. 00 . 14,000,000. 00 . 4,000,000. 00 .

21,000,000.00 .

42,000,000. 00 .

47,000,000. 00 . 11, 000,000. 00 .

12, 000, 000. 00 . 20, 000, 000. 00 .

140, 000. 000. 00 .

490,661,000,00

254,273, 000. 00 2,260,536,000. 00

7.265

546,804,000. 00 . 1,252,226, 000. 00 .

304,841,000. 00 . 805, 562, 000. 00 .

7.25 7.20 7.20 7.20

5,000,000. 00 . 8, 000,000. 00 .

16,000,000. 00 . 18,000,000. 00 .

96,000, 000. 00

326,949. 42

10, 000,000. 00 2,000,000. 00 8,000, 000. 00 8, 000,000. 00

14, 000, 000. 00 19, 000,000. 00

2, 000,000. 00 19,000,000. 00 6,000,000. 00

3, 000, 000. 00 42,000, 000. 00 11,000, 000. 00

546,804,000. 00

304,841, 000. 00 2,154, 585, 000. 00

Footnotes a t end of tab le .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 173 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e

1969

Oct. 24

27 27

28

29

29

30

30

30

30

31

31

31

Securities

Certificates of indebtedness , foreign series, ma tu r ing—Cont inued

Oct . 24,1969 Oct . 24,1969 Oct . 24,1969- . Oct . 24,1969 -Oct . 24,1969 -N o v . 13,1969 Dec . 9,1969 Dec . 10,1969

T r e a s m y certificates, raaturing J u n e 30,1970--Certificates of indebtedness , foreign series,

m a t u r i n g : N o v . 13.1969 --Dec . 9,1969 --- --J a n . 26,1970 N o v . 13,1969 J a n . 27,1969 ---

Treasu ry biUs: Tax ant ic ipat ion:

Matur ing J u n e 22,1970 -Issued for cash

Certificates of indebtedness , foreign series, m a t u r i n g :

N o v . 13,1969 -Dec . 9,1969 - -Dec . 9,1969 -Dec . 9,1969 ---Dec . 11,1969 Dec . 11,1969 Dec . 15,1969 J a n . 26,1970 J a n . 27,1970 - - - . - - -N o v . 5,1969 . . J a n . 29,1970 N o v . 5,1969 . . . Dec . 15,1969 Dec . 15,1969 Dec . 15,1969 Dec . 15,1969 Dec . 15,1969 Dec. 15,1969 N o v . 13,1969 -

Treasu ry bUls: Regular weekly :

D a t e d M a y 1, 1969 Redeeraed in exchange for series issued

Oct . 30, 1969, due J a n . 29, 1970 Redeemed in exchange for series da ted

Oct . 30, 1969, due Apr . 30,1970 Redeemable for cash

Matur ing J a n . 29, 1970 Issued in exchange for series da ted

May 1, 1969 Issued for c a sh . .

Matur ing Apr . 30, 1970 Issued in exchange for series da ted

May 1,1969 Issued for cash

Regular m o n t h l y : D a t e d Oct. 31 ,1968 . .

Redeemed in exchange for series issued Oct. 31, 1969, due Ju ly 31, 1970

Redeemed in exchange for series da ted Oct. 31, 1969, due Oct. 31, 1970

Redeemable for cash Matur ing Ju ly 31, 1970

Issued i n exchange for series da ted Oct. 31, 1968 _

Issued for cash . Matur ing Oct. 31, 1970

Issued in exchange for series da ted Oct .31,1968

Issued for cash.

R a t e of interest i

Percent

7.25 . 7.25 . 7.25 . 7.25 . 7.25 . 7.10 7.20 7.20

3.50

7.10 7.20 7.00 7.10 . 7.05

7.204 .

7.10 . 7.20 . 7.20 . 7.20 . 7.20 . 7.20 . 7.20 . 7.00 . 7.05 . 6.50 7.05 6.50 . 7.20 . 7.20 . 7.20 . 7.20 . 7.20 . 7.20 . 7.10

4 6. 582 .

7. 028 .

7. 263 .

4 5. 665 .

7.244 .

7.127 .

A m o u n t issued 2

$25,000,000. 00 . 3,000,000. 00 .

19, 000,000. 00 .

18,485,937.57 .

4,000,000. 00 . 4, 000,000. 00 .

55,000,000. 00 .

58,000,000. 00 .

3,004,380,000. 00 .

2oo,'ooo,"ooo.'oo". 160,000,000. 00 .

10,000, 000. 00 .

565,603,000. 00 . 1,234,420,000.00 .

303,230,000. 00 . 897,760,000. 00 .

125,622,000. 00 . 374,624,000. 00 .

310,402,000.00 . 692.135.000. 00 .

Araount matm-ed or called or re­

deemed prior to m a t m i t y 3

$3,000,000. 00 9,000,000.00

11,000,000. 00 2,000,000. 00 5,000,000. 00

13,000,000. 00

4,000, 000. 00 8,000,000. 00 3,000,000. 00 4,000,000.00

12,000,000. 00 18,000,000. 00 23,000,000. 00 55,000,000. 00 .58, 000,000. 00

125, 000,000. 00 3,000,000. 00

11, 000,000. 00 19,000,000. 00 3,000,000. 00

21,000,000.00 21,000, 000. 00

565,603,000. 00

303,230,000. 00 2,135,335,000. 00

125,622,000. 00

310,402,000.00 1,066,285,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

174 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Amount matured

Rate of Amount issued 2 or caUed or re-interest 1 deeraed prior to

raaturity 3

1969 Percent Oct. 31 Treasury notes, foreign series, maturing:

Oct. 31, 1969 .5.90 Mar.25, 1971 7.35

31 Treasury bonds, foreign series, maturing Nov. 1,1969... 4.25

31 Certificates of indebtedness, foreign series, maturing:

Nov. 13, 1969 7.10 Nov. 13, 1969 7.10 Nov. 13. 1969.. 7.10 Dec. 10, 1969 7. 20 Dec. 15, 1969- ---. 7. 20

31 Treasury certificates, maturing: Oct. 31, 1969... 7.172 Jan. 31, 1970 7.030 June 30, 1970 3. 50

31 U.S. savings bonds: s Scries E-1941 63.312 SeriesE-1942 83.350 Series E-1943 63.393 SeriesE-1944 63.429 Series E-1945 83.453 SeriesE-1946 6 3.494 Series E-1947 63.527 Series E-1948 6 3.562 Series E-1949 63.433 Series E-1950 33.447 Series E-1951 63.500 Series E-1952 (January to April). 3. 540 Series E-1952 (May to Deceraber) 6 3. 595 Series E-1953 63.634 Series E-1954 6 3.684 Series E-1955 83.735 Series E-1956 63.735 Series E-1957 (January) 3.820 Series E-1957 (February to December).... 6 3. 956 Series E-1958 . _ - 8 4. 004 Series E-1959 (January to May) 4. 040 Series E-1959 (June to Deceraber) _ - - 6 4. 054 SeriesE-1960 - - 64.077 Series E-1961 63.990 SeriesE-1962 6 3. 98O SeriesE-1963 6 4. 040 Series E-1964 64.110 Series E-19o5 (January to November) « 4.166 Series E-1965 (D ecember) - - - 4. 220 Series E-1966 - --- ---- 4.226 Series E-1967 --- - 4.237 Series E-1968 (January to May) 4. 250 Series E-1968 (June to December) 4. 250 Series E-1969 - 4.250 Unclassi fied sales and redemptions Series H-1952 83.497 Series H-1953 - « 3. 539 Series H-1954 -- . . 8 3. 533 Series H~1955 8 3. 637 Series H-1956 6 3.689 Series H-1957 (January) 3. 730 Series H-1957 (February to December). . . 6 3. 903 Series H-1958 83.900 Series H-1959 (January to May). 4. 000 Series H-1959 (June to December) 6 3.334 Series H-1960 8 3.916 Series H-1961 6 3. 953 SeriesH-1962 64.013 Series H--1963 6 4. 068 SeriesH-1964 64.123 Series H-1965 (January to November) 6 4.175 Series H-1965 (December) 4. 220 Series H-1966 4. 225 Series H~1967 4. 235 Series H-1968 (January to May) 4.240 Series H-1968 (June to December)., 4. 250 Series H-19b9 4.250 Unclassified sales and redem ptions

31 Treasury notes, Series C-1970 6H Adjustraents of issues n

Footnotes at end of table.

$100,000,000.00 $125,000,000.00

30,000,000.00

8,000,000.00 4,000,000.00 10,000,000.00 16,000,000.00

4,000,000.00

1,220,387.51 1,242,269.06

15,400,038.70

390,427.60 1,620,765.82 2,860,725. 52 6,309,554. 98 6.462.320.64 10,017,323.18 2,736,170. 34 12,787,181. 43 3,520,423.90 11,140,035.04 2,765,730. 61 6,220,695. 81 3, 054, 577. 71 6,895,927. 64 3,281,459.44 8,021,069.45 3,808,510. 37 8,975,683. 60 3,617,051.72 7,488,094.85 3,236,203. 61 6,454,955. 04 1,446,106. 80 2,383, 696. 92 1,715,282.48 4,910,668. 73 4,135,197. 96 8,390,000. 73 4,445,823.67 9,344,72L35 4,569,610. 62 10,468,825. 82 4,742,439.02 11,085,728.00

19. 93 897,718. 69 4,821,748.19 10,114,212. 06 4,617,680. 04 12,576, 570. 79 2,197,362. 76 5,732,047. 06 2, 574,388. 06 7,752,635. 72 6, 530,099. 29 13,213,997. 04 7,295,491.34 17,085,777.10 13,942,916.32 12,566,316.85 8, 519,656.15 14,239,342.17 7,869,573. 71 14,521,205. 75 7,934,787. 07 15,161,724. 31 -92,777.84 1,645,538.08

8,940,817.40 • 21,223,312.67 8,396,717. 85 28,748,083. 82 4,424,917.18 16,522,380. 98 3.763.192.65 37,431,98L18

313,058,3.34. 88 118,925,365. 35 81,362,708.82 33,980,808.89

625,000.00 2,336,500.00 4,783,000.00 6,581,500.00 5,472,000.00 929,500.00

3,327,000.00 6,138,500.00 3,686,500.00 4,751,500.00 6,455,000.00 7,110,000.00 6,009,000.00 5,474,000.00 4,834,000.00 3,780,500.00

.-- 117,500.00 -- 3,834,000.00

3,198,000.00 --- 1,123,000.00

1,279,000.00 28,807, 000. 00 921,000. 00

7 -1,311, 000. 00 7 _i2,632,500. 00

" " 4 , ' i 8 6 , ' 5 5 0 . ' 0 0 ' - - " ^ ' - - - - ' - - - ' "

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 175 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Rate of interest i

Araount issued 2 Amount matured

or called or re­deemed prior to

maturity 3

Oct. 31 Treasury notes. Series A-1976 -Adjustments of issues n . . .

U.S. savings notes: 8 Series S-1967 Series S-1968 (January to May) Series S-1968 (June to December) Series S-1969 Unclassified.

U.S. retirement plan bonds Depositary bonds. First Series Treasury bonds, REA Series. Treasury bonds, Investment Series B-1975-80.

Redeemed in exchange for: W2% Treasury notes, Series EA-1974. __ W2% Treasury notes. Series EO-1974-_.

31 Treasury notes. Series EA-1974 31 Treasury notes. Series E 0-1974. 31 MisceUaneous

Percent

31

31 31 31 31

4.74 4.74 5.00 5.00

3.96 2.00 2.00 2M

$12,702,000.00

298,766. 70 368,153. 25

1,095, 551. 03 27,977,784. 75 6, 208,704.99

35, 617.42 274, 000. 00 30, 000. 00

$1,837,776.69 2,334,046.96 3,820, 535.18

88,492. 50 (8) 134, 223.90 500,000. 00 855, 000. 00

m m 20,975,000. 00 .

1, 758, 000. 00 .

20,975, 000. 00 1,758,000. 00

45, 396,000. 00

Total October. 31,100,822,051.46 26,652,806,129.62

Treasury biUs: Regular weekly:

Nov. 3 Maturmg Jan. 22,1970-Adjustments of cash issues

3 Maturhig Apr. 23,1970 Adjustments of cash issues Adjustments of exchange issues

Regular monthly: 3 Maturhig July 31,1970

Adjustments of cash issues -3 Maturing Oct. 31,1970 -

Adjustments of cash issues Adjustments of exchange issues

3 Certmcates of Indebtedness, foreign series, maturing:

Nov. 5,1969—-Nov. 13,1969

. Dec. 10,1969 Dec. 15,1969 Jan. 19,1970

Treasury bills: Regular weekly:

4 Maturmg Jan. 29,1970 ---Adjustraents of cash issues

4 Maturhig Apr. 30,1970-Adjustraents of cash issues

5 Maturing Jan. 8, 1970 Adjustraents of cash issues

6 Maturhig Apr. 9,1970 Adjustraents of cash issues

5 Certmcates of mdebtedness, foreign series, maturing:

Dec. 15,1970 - - -Jan. 19,1970

Treasmy bUls: Regular weekly:

6 Dated May 8,1969 Redeemed in exchange for series issued

Nov. 6,1969, due Feb. 5,1970—-Redeemed in exchange for series dated

Nov. 6,1969, due May 7,1970---. Redeemable for cash.

6 Maturing Feb. 5,1970. Issued in exchange for series dated

May 8,1969 Issued for cash - --.

6 Maturing May 7,1970 Issued in exchange for series dated

May 8,1969- -- . ---Issued for cash

6 Certmcates of indebtedness, foreign series, maturing:

Jan. 19,1970 Jan. 19,1970 - - .-Jan. 22,1970:

7 Dec. 15,1969.... Jan. 12,1970. Jan. 19,1970

6.973 .

'7." 265'. -50,000.00 .

-73,000.00 . 63,000.00 .

7.244 .

'7.'i27'. 75,000.00 .

-75,000.00 .

6.50 7.10 7.20 7.20 7.05

7.028 .

"7.'263".

'7.'647".

'7.'296".

40,000,000.00 . 16,000,000. 00 . 7,000,000.00 . 3,000,000.00 .

75, 000,000.00

-100,000.00 .

" - i , '6o6. '66 '^

""i6, '66o.'oo'!

'- i6,'6oo.'o6'^

7.20 7.05

4 6. 576

84,000,000.00 . 26,000,000.00 .

6.999 .

7.281

486,286,000.00 . 1,315,396,000.00 .

427,516,000.00 . 774,614,000.00 .

7.05 7.05 7.00 7.20 7.05 7.05

2,000,000.00 . 8,000,000.00 .

26,000,000.00 .

486,286,000. 00

427, 516,000. 00 , 988,620,000. 00

3,000,000.00 22,000,000.00 70,000,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

176 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34i.^Issues, maturities, and redemptions of interest-bearing puhlic debt securities, excluding special issues, July 1969-June 1970—Continued

Date

1969

Nov. 10

10

10

10

12

13

13

13

13

13

17 17

17

18

18

18

18

19

20

Secmities

Treasury biUs: Regular weekly:

Maturing Apr. 16,1970. Adjustments of cash issues

Maturhig Jan. 29,1970 Adjustments of cash issues

Maturing Apr. 30,1970 Adjustments of cash issues

Certificates of indebtedness, foreign series, maturing:

Dec. 11,1969-.-Dec. 15,1969-Dec. 30,1969 - -Jan. 12,1970 -Dec. 15,1969 Jan. 12,1970 . - -Feb. 11,1970 Nov. 13,1969 -Dec. 5,1969 .--Dec. 30,1969 . Feb. 11,1970 : .

Treasury notes, foreign currency series, maturing:

Sept. 3,1970 ---Oct. 1,1970 Dec. 2,1970 . Jan. 4,1971 -

Treasury biUs: Regular weekly:

Dated May 15, 1969 Redeemed in exchange for series issued

Nov. 13. 1969, due Feb. 13, 1970 Redeenied in exchange for series dated

Nov. 13, 1969, due May 14, 1970 Redeeraable for cash-

Maturing Feb. 13, 1970— -Issued in exchange for series dated

May 15, 1969. Issued for cash

MaturingMay 14, 1970 Issued in exchange for series dated May

15,1969.. Issued for cash

Treasury certiflcates, maturhig June 30, 1970.. Treasury notes, foreign series niaturing,

Nov. 2,1970 Certmcates of indebtedness, foreign series,

niaturing: Feb. 13, 1970 Feb. 13, 1970. Dec. 5, 1969 Jan. 12, 1970 Jan. 12, 1970 Feb. 11,1970

Certificates of indebtedness, foreign currency series, maturing Nov. 18, 1969

Treasury notes, foreign currency series, maturing Feb. 18,1971

Treasury bUls: Regular monthly:

Maturing Oct. 31, 1970 Adjustnients of cash issues... --Adjustments of exchange issues

Certmcates of indebtedness, foreign series, maturinG::

Feb. 11, 1970 Dec. 11,1969-.. . Dec. 15, 1969 Dec. 15,1969 Dec. 15, 1969 Jan. 12,1970 Jan. 12, 1970 Feb. 11,1970 Feb. 13.1970

Rate of interest i

Percent

7.327 .

""7. '628'-

""7.'263".

7.20 7.20 7.10 7.05 7.05 7.05 7.15 7.10 . 7.05 . 7.10 . 7.15 .

6.44 . 6.25 . 5.65 . 6.37 .

4 6. 681 .

7.157 .

7.435 .

3.50

6.40 .

7.15 7.15 7.05 . 7.05 . 7.05 . 7.15 .

7.10 .

7.60

7.127 .

7.15 . 7.20 . 7.20 . 7.20 . 7.20 . 7.05 . 7.05 . 7.15 . 7.15 .

Amount issued 2

-$5,000.00

-2,000.00

-1,000.00

30,000,000.00 . 4,000,000. 00

22,000,000.00 . 7,000,000.00 . 5,000,000.00 .

20,000,000. 00 163,000,000.00

518,846, OOQ. 00 . 1,281,512,000. 00 .

255,392,000. 00 948,677,000. 00 . 66,553,826. 57 .

8,000, 000. 00 . 18,000,000. 00 .

29,799,029. 80 .

-40,000.00 . 40,000. 00 .

Amount matured or caUed or re­

deemed prior to raatmity 3

$40,000,000. 00 1,000,000.00

22,000,000. 00 93,000,000. 00

49,720,323.18 49,705,494.94 50,144,164.47 50,006, 250. 78

518,846, 000. 00

255,392,000. 00 2,115,965, 000. 00

3,626,620. 77

4,000,000. 00 8,000,000. 00 2,000,000. 00 2,000,000. 00

29,977,691. 02

3, 000,000. 00 30,000,000. 00 7,000,000. 00 4,000,000. 00

16,000. 000. 00 5,000,000. 00 9,000,000. 00

65,000,000. 00 8.000.000.00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 177 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e

1969

N o v . 20

20

20

21

24

25

26

26

26

28

28

28

28

30 30

Securities

Treasu ry biUs: Regular weekly:

D a t e d May 22, 1969 Redeemed in exchange for series

N o v . 20, 1969, due F e b . 19, 197C Redeemed in exchange for series

N o v . 20, 1969, due May 21, 1970 Redeemable for cash

Matur ing F e b . 19, 1970. Issued in exchange for series

May 22, 1969 Issued for cash . .

Matur ing May 21, 1970 Issued in exchange for series

May 22, 1969 Issued for cash

Certificates of indebtedness , foreign m a t u r i n g :

Dec . 15, 1969 Dec . 15,1969 F e b . 13, 1970 Dec . 15, 1969 F e b . 25,1969 Dec . 15, 1969 J a n . 22, 1970 F e b . 13,1970

Treasu ry biUs: Tax ant ic ipat ion:

Matur ing Apr . 22,1970. Issued for cash

Matur ing J u n e 22,1970 Issued for cash

Regular weekly: D a t e d May 29,1969

Redeemed in exchange for series N o v . 28, 1969, due F e b . 26, 1970

Redeemed in exchange for series N o v . 28,1969, due May 28, 1970

Redeemable for cash i . M a t m i n g F e b . 26,1970

Issued in exchange for series May 29,1969

Issued for cash M a t m i n g May 28,1970

Issued in exchange for series Mav 28 1969

Certificates of indebtedness , foreign m a t m i n g :

D e c 15, 1 9 6 9 . -Dec . 15 ,1969. . . Dec . 15, 1969. Dec . 15, 1969 Dec . 15,1969 Dec . 15, 1969 J a n . 12, 1970. . J a n 19 1970 . . . J an . 19, 1970

Treasury certificates, ma tu r ing June 30, U . S . savings bonds:5

SeriesE-1941 SeriesE-1942 . . - -Series E-1943 - - . . ---SeriesE-1944 -Series E-1945. SeriesE-1946 - - - -Series E-1947 -Series E-1948 - - --Series E-1949 Series E-1950 Series E-1951 - -Sprips E-1952 CJanuarv to April) Series E-1952 (May to December) . . Series E-1953 . - . . ---Series E-1954 Series E-1955 - -Series E-1956

issued

dated

"d'a't'e'd'

da ted

series.

issued

'd'ate'd'

da ted

da ted

series,

' 1 9 7 0 -

R a t e of interest i

Percent

4 6. 575 .

7.142 .

7.519 .

7.20 . 7.20 7.15 7.20 7.50 7.20 . 7.00 -7.15

7. 814 .

7.976 .

4 6. 705 .

7.477 .

8. 028 .

7.20 . 7.20 . 7.20 . 7.20 -7.20 . 7.20 . 7.05 . 7.05 -

- 7.05 . 3.50 -

8 3. 312 6 3. 350 6 3. 393 6 3.429 6 3.458 6 3.494 6 3. 527 6 3. 562 6 3. 638 6 3. 712 6 3.729

3.540 6 3. 595 8 3. 634 6 3. 684 0 3. 735 6 3. 785

A m o u n t issued 2

$488,554,000.00 . 1,312, 598,000. 00 .

403,091, 000. 00 . 797,317, 000. 00 .

15, 000,000. 00 . 3,000,000. 00 . 9, 000, 000. 00 .

25,000,000. 00 .

14,000,000.00 .

1,004,297,000.00 .

1, 503,410,000. 00 .

489,256,000. 00 . 1,311,368,000.00 .

. 426,833,000. 00 . 774,368,000. 00 .

757,408. 82 2,991, 572. 34 3,487,368.16 4, 596, 512. 37 8, 530,210. 85 2,743,725.15 2,790,997. 76 3,261, 541. 04 3,706,657.19 3,477,435.72 3,026,313.44

-31,534.46 1,660,065.05 4,104,117. 61 4,305,196.06 4, 518,201. 64 4,412,658.21

Anioun t m a t u r e d or caUed or re­

deeraed prior to raaturity 3

$488, 554,000. 00

403,091,000.00 2,010.763,000. 00

4,000,000. 00

10,000,000. 00 30,000,000. 00

489,256,000. 00

426,833,000. 00 1,984.146,000. 00

7,000,000.00 31.000,000. 00 20,000,000. 00 4,000,000. 00 7,000,000. 00

66,000,000. 00 11,000,000. 00 4,000,000. 00 8,000,000. UO 7,810,431.06

1,303, 750.11 5, 901,654. 02 9,120,964.32

11,220,127.19 9,942,396. 71 5,457,084.51 5,898, 587. 00 6,877,389. 64 8,185,864. 50 6,685,92L75 6,051,494. 94 2, o n , 890.18 4,505,231. 25 8,093,509. 72 9,004,243.58 9,917,162.87

10,253,763.97

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

178 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Date

1969 N o v . 30

30

30

30

30

30 30 30 30

30 30'

Dec . 112

1

Secmities

U . S . savings bonds : s—Continued Series E-1957 (January) . . Series E-1957 (Februa ry t'o 'December) Series E-1958 Series E-1959 ( January to May) Series E-1959 ( June to D ecember) . SeriesE-1960 Series E-1961 SeriesE-1962 Ser iesE-1963 . - - . - . Series E-1964 Series E-1965 ( January to Nove rabe r ) . Series E-1965 (Deceraber) Series E-1966 Series E-1967 Series E-1968 ( Jahuary to May) Series E-1968 (June to Deceraber) _ . . Series E-1969 Unclassified sales and rederapt ions SeriesH-1952 Series H-1953 SeriesH-1954 SeriesH-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-1960 . . SeriesH-1961 SeriesH-1962 Series H-1963 SeriesH-1964 Series H-1965 ( Janua ry to Nove rabe r ) . Series H-1965 (Deceraber) SeriesH-1966 SeriesH-1967 Series H-1968 ( J anua ry to May) Series H-1968 ( June to December) Series H-1969 Unclassified sales a n d redempt ions

Treasury no'tes, Series E-1971 Adjus tments of issues n

Treasury notes, Series A-1973 Adjus t raents of issues n .

Treasury notes, Series C-1976 Adjus tments of issues 11. . .

U . S . savings notes:« Series S-1967... Series S-1968 ( January to M a y ) . Series S-1968 (June to December) Series S-1969 Unclassmed

U . S . re t i rement p lan bonds Depos i ta ry bonds , Fi rs t Series Treasu ry bonds , R E A Series _ Treasu ry bonds, Inves t raent Series B-1975-80-

Redeemed in exchange for l}47o T r e a s m y notes, Series E 0-1974

Treasury notes, Series E 0-1974 Miscellaneoiis

To ta l November

T reasu ry biUs: Regular m o n t h l y :

D a t e d N o v . 30,1968 Redeemed in exchange for series issued

N o v . 30,1969, due Aug . 31,1970 Redeeraed in exchange for series da ted

Nov . 30,1969, due N o v . 30,1970 Redeemable for cash

Matur ing Aug. 31, 1970-Issued in exchange for series da ted N o v .

30,1968-Issued for cash

R a t e of interest i

Percent

3.820 6 3. 956 6 4.004

4.040 6 4. 054 6 4. 077 6 4.103 6 4.049 6 4. 040 6 4. n o 6 4.166

4.220 4.226 4.237 4.250 4.250 4.250

6 3.497 -8 3. 539 -8 3. 588 -6 3.637 -8 3.689 -

3. 730 . 6 3. 903 -8 3. 959 -

4.000 -8 4. 032 -8 4.046 -6 4. 077 -6 4.107 . 6 4.141 . 8 4.172 . 6 4.205 .

4. 220 . 4. 225 . 4.235 . 4.240 . 4.250 . 4.250

8.00 -

7 ^ -- — --—_

4.74 4.74 5.0O 5.00

' " " 3 . " 9 7 " 2.00 2.00 . 2M -

m

4 5.814 .

7.777 .

Araoun t issued 2

$799.07 5,433,473,06 5,399,725. 53

-52,982.92 2,122,816. 30 6,261,945.47 6,765,170. 04

11,481,749.40 7,245,694.83 7,183,745.18 7,130,671. 94

104. 93 8,094,576.99 8,001,066. 69 9,186,925.13 7,182,314. 09

299,923,389. 06 7 -40,190,614. 21

24,893, 500.00 7 -4 , 251,000.00

-153,000.00 -

618,000,00 .

360,617.77 377,845.89

1.207.314. 92 26. 683.101.55

-3,237,180. 25 144, 654.56 416,000.00

1,582,000.00 .

15,624, 557,728.33

139,208,000.00 361,458,000.00 .

A m o u n t m a t u r e d or caUed or re­

deemed prior to m a t u r i t y 3

$978,801. 71 9,648,824.71

11,653,210.01 5,277,701.35 7,713,769.15

12,304,049. 25 15,851,032.37 11,889,126. 90 13,188,796.18 13,684,476.63 14,415,355.69 1,687,675.89

20,947,636. 95 26,567,931. 86 15,222,470.38 32,941,394.82

122,008,917. 03 7 -79,426,328. 36

463,500. 00 1,037,000.00 2,387,500. 00 3,149, 500. 00 2,498,000. 00

282,000. 00 2,089,000. 00 3,652,000.00 2,193,000.00 4,127,000. 00 4,205,000.00 4,980,000.00 3,999,000.00 3,743, 500. 00 2,987,000. 00 2,456,500.00

95,500. 00 2,806,000. 00 2,125, 500. 00

682,000. 00 836 500.00 828,000.00

3,184,500.00

1, 647,590.47 2 004,641. 84 4, 593,731.63

149, 262.75 C)

70 180.92 638,000.00 786,000.00

1,582,000.00

34,316, 500.00

13,004,840,262.41

139, 208,000.00

275,467,000.00 1,086,326,000.00

Footnotes at end of table.-

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 179 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of Amovmt issued 2 interest 1

A m o u n t m a t u r e d or called or re­

deeraed prior to m a t u r i t y 3

Dec* 1 7.591

7.20 7.05 7.05 7.05 7.15 7.50 7.05 7.00 7.45 7.45

7.814

7.976

;.028

10

10

10

11

Percent Treasu ry bi l ls :—Continued

Regu la r mon th ly .—Con t inued M a t m i n g N o v . 30,1970.

Issued in exchange for series da ted N o v . 30,1968.

Issued for c a s h , . -1 Certificates of indebtedness , foreign series,

m a t u r i n g : Dec . 5, 1969 Dec . 15, 1969 . - . J a n . 12, 1970 J a n . 19,1970 F e b . 13,1970 Mar. 2, 1970 -

2 Dec . 5,1969 - . . J an . 26, 1970. . - - - - . -Mar. 3,1970 -

3 Mar. 4,1970 T r e a s m y biUs:

T a x ant ic ipat ion: 4 Matur ing Apr . 22,1970.--

Adjus t raents of cash issues 4 M a t m i n g J u n e 22,1970

Adj us tmen t s of cash issues Regular weekly:

4 M a t u r i n g M a y 28,1970. . Adjus tments of cash issues

4 D a t e d J u n e 5,1969 4 6.762 Redeemed in exchange for series issued

Dec. 4, 1969, due Mar. 5, 1970 Redeemed in exchange for series da ted

Dec. 4,1969, due J u n e 4 ,1970. . Redeemable for cash

4 M a t m i n g Mar. 5,1970 7.452 Issued in exchange for series da ted

J u n e 5, 1969 Issued for cash— - . .

4 Matur ing J u n e 4,1970 7.613 Issued in exchange for series da ted

J u n e 5, 1969 Issued for cash

4 Certificates of indebtedness , foreign series, ma tu r ing :

J a n . 26 ,1970. . Mar . 4,1970

5 Dec . 5, 1969 Dec . 5,1969 Mar. 5,1970 7.45

8 Mar. 4, 1970 7.45 T rea su ry biUs:

Regular weekly: 8 M a t m i n g Apr . 23,1970. 7.265

Adjus tmen t s of cash issues Adjus tments of exchange issues -.

9 Certificates of indebtedness, foreign series, ma tu r ing :

Jan . 12 ,1970 . . - -Jan . 26,1970 - - -Mar. 4, 1970 - -Dec . 10,1969-Dec . 10,1969 J an . 12,1970 -Mar. 4,1970 Mar. 10,1970

Treasury certmcates, ma tu r ing .Tune 30,1970.. Treasury bills:

Regular weekly: Matur ing May 7, 1970

Adjus tments of cash issues D a t e d J u n e 12,1969 47.068 . Redeemed in exchange for series issued

Dec. 11,1969, d u e M a r . 12,1970 Redeemed in exchange for series da ted

Dec . 11,1969, due J u n e 11,1970 Redeeraable for cash

$275,467,000.00 725,732.000.00 .

14,000,000.00 . 15,000,000.00 . 35,000,000.00 . 12,000,000.00 . 5,000.000.00 .

15,000,000.00 . 16,000,000.00 . 25,000,000.00 . 14,000,000.00 . 6,000,000.00 .

3 175,000 00

160,000.00

-12,000.00

$440.858,000.00

303,028, 000.00 2,159,881, 000. 00

440,858,000.00 1,358,936,000.00 .

303,028,000.00 897,209,000.00

7.00 7.45 7.05 7.05

5,000,000.00

30,000,000.00 . 17,000,000.00 .

3,000.00 . -3,000.00 .

7.05 7.00 7.45 7.20 7.20 7.05 7.45 7.70 3.50

7.281

10,000,000.00

1,000,000.00 . 6,000,000.00

35,000,000.00 112.50

-743,000.00

14,000,000.00

14,000, 000.00 16, 000,000.00

1, 000,000.00 11,000,000.00

19,000, 000. 00 16,000,000.00

294,473,000. 00

210,199,000.0 0 2,396,154.000.00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

180 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

D a t e Securities Araoun t m a t u r e d

R a t e of A m o u n t issued 2 or called or re-interest 1 deeraed prior to

m a t u r i t y 3

1969

Dec. 11

15

18

18

18

22

Treasury bills— Cont inued Regular weekly—Cont inued

Matming Mar. 12,1970 Issued in exchange for series da ted

J u n e 12,1969. . . Issued for cash

Matur ing June 11,1970.. . Issued in exchange for series da ted

June 12,1969. . . Issued for cash

Certificates of indebtedness, foreign series, raaturing:

Jan . 12,1970 Mar. 12,1970 Dec. 15,1969 Dec . 15,1969 Dec. 15, 1969 Dec. 15,1969 Dec . 15,1969. . . Dec. 15, 1969 J a n . 12,1970 Jan . 26, 1970 Mar. 16,1970.

Treasu ry certificates, ma tu r ing : • Dec. 15,1969.

J u n e 15,1970 Treasury bonds of 1964-69

Redeeraable for cash Certificates of indebtedness, foreign series,

ma tu r ing : Jan . 22,1970 Jan . 26, 1970 Mar. 3, 1970.. Mar. 4,1970 Mar. 4, 1970.. Mar. 4,1970 Mar. 4,1970 Jan . 22, 1970 J an . 26,1970 Mar. 4,1970. .

T reasu ry biUs: Regular weekly:

D a t e d J u n e 19,1969.. Redeemed in exchange for series issued

Dec . 18,1969, due Mar. 19,1970 Redeemed in exchange for series da ted

Dec . 18,1969, due June 18,1970... Redeemable for cash . - - - . .

M a t m i n g Mar. 19,1970 Issued in exchange for series da ted

J u n e 19,1969 Issued for cash.

Matur ing June 18, 1970... Issued in exchange for series da ted

J u n e 19,1969 Issued for cash

Certificates of indebtedness , foreign series, ma tu r ing :

Mar. 16, 1970 .Tan. 12, 1970 . : J a n . 12,1970 J a n . 12, 1970 J a n . 19, 1970 J a n . 19,1970.- . . -J a n . 26, 1970 J a n . 26,1970 F e b . 13,1970 F e b . 13,1970.. Mar. 4,1970

Treasu ry bills: Tax ant ic ipat ion:

Matur ing Dec. 22, 1969 Redeemable for c a sh . .

Treasury certificates, m a t u r i n g J u n e 30, 1970.. Treasury bonds , ma tu r ing Dec. 23, 1979

Percent

7.701

7.803 .

$294,473,000.00 1,505, 500,000.00

210.199,000.00 . 990,124,000.00 .

7.05 7.70 7.20 7.20 7.20 7.20 7.20 7.20 7.05 7.00 7.70

1.00 1.00 2M

:, 000.000.00 $2. 000. 000. 00

2.000.000.00 16,000,000.00 91,000,000.00 ,

2, 801, 855. 51

7.00 7.00 7.45 7.45 7.45 7.45 7.45 7.00 7.00 7.45

4 6.965 .

11,000,000.00

7. 920 .

7.921

316,297,000.00 . 1,485,149,000.00

255,262,000.00 945,617,000.00

7.70 7,000,000.00

18,000,000.00 2, 000,000.00 4, 000, 000. 00

15, 000,000. 00 9,000,000.00

15,000,000.00

2,700,648.01

'677,'433," 000.'00

25,000,000.00

14.000, 6,000, 5,000,

17,000, 1,000,

15,000, 4,000, 9, 000,

000. 00 000. 00 000.00 000.00 000. 00 000.00 000.00 000.00

316, 297,000.00

255, 262,000.00 2, 330, 240,000. 00

7.05 7.05 .-7.05 7. 05 . -7.05 .-7. 00 .. 7.00 7.15 7.15 .. 7.45

6.775 ..

3.50 3M

21,852,401.70 .. 75,000,000.00 ..

32, 000, 000. 00 1, 000,000. 00 2, 000,000. 00

18. 000, 000. 00 12, 000,000. 00 12, 000, 000. 00 11,000, 000. 00 18, 000, 000. 00 3, 000, 000. 00 5, 000, 000. 00

1, 762,646,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 181 T A B L E 34.—Issues, maturities, and redemptions of interest-hearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date

1969 D e c . 23

24

24

26

26

26

26

29 29

30

31

31

31

31

31

Securities

Certificates of indebtedness , foreign series, ma tu r ing :

F e b . 13,1970 Mar. 4, 1970. Mar. 12,1970 F e b . 13,1970 F e b . 13,1970 Mar. 5, 1970 Mar. 10,1970 Mar. 16, 1970 . . . . Mar. 24,1970

Treasm-y notes, foreign series, m a t u r i n g N o v . 2,1970

T r e a s m y bills: Regular weekly:

D a t e d J u n e 26,1969 Redeeraed in exchange for series issued

Dec . 26,1969, due Mar. 26,1970 Redeemed in exchange for series da ted

Dec . 26, 1969, due J u n e 25,1970 Redeemable for c a s h . .

Matur ing Mar. 26 ,1970. . . Issued in exchange for series da ted

J u n e 26, 1969 Issued for cash

Matm-ing J u n e 25, 1970 Issued in exchange for series da ted

J u n e 26, 1969 Issued for cash . . .

Certificates of indebtedness , foreign series, ma tu r ing :

Mar. 5"; 1970.. Mar. 10, 1970 Mar. 16, 1970

Treasu ry certificates, m a t u r i n g J u n e 30,1970. . Certificates of indebtedness , foreign series,

m a t u r i n g : F e b . 13, 1970 Mar. 3, 1970 Mar. 4, 1970 •.. Mar. 5, 1970 Mar. 12, 1970 Mar. 16, 1970 Mar. 30, 1970 Mar. 30, 1970 F e b . 13, 1970 Mar. 31, 1970 J a n . 29, 1970 Mar. 3, 1970 Mar. 4. 1970 Mar. 12, 1970 Mar. 12, 1970 Mar. 16, 1970 Mar. 16, 1970 Mar. 16, 1970 Mar. 16, 1970 Mar. 16, 1970 Mar. 30, 1970 F e b . 13, 1970

Treasury certificates, ma tu r ing June 30 ,1970 . . . T reasury biUs:

Regular m o n t h l y : D a t e d Dec . 3 1 , 1 9 6 8 . . . .

Redeemed in exchange for series issued Dec . 31,1969, due Sept. 30,1970

Redeemed in exchange for series da ted Dec . 31,1969, due Dec . 31,1970

Redeeraable for cash Matur ing Sept . 30,1970.

Issued in exchange for series da ted Dec . 3 1 , 1 9 6 8 . . . .

Issii6d for cash Matm-ing Dec . 31,1970

Issued in exchange for series da ted Dec. 31 1968 - -

Issued for cash

R a t e of interest i

Percent

7.15 . 7.45 . 7.70 . 7.15 . 7.15 . 7.45 -7.70 . 7.70 7.80

6.40 .

4 7. 050 .

7.805 .

7.815 .

7.45 7.70 7.70 3.50

7.15 7.45 7.45 7.45 7.70 7.70 7.80 7.80 . 7.15 8.10 7.05 . 7.45 . 7.45 . 7.70 . 7.70 . 7.70 . 7.70 . 7.70 . 7.70 . 7.70 . 7.80 . 7.15 3.50

4 6.294 .

7.801 .

7.561 .

Araoun t issued 2

$54,000,000.00 . 15, 000, 000. 00 .

377,470,000.00 . 1,431,878,000.00 .

305,994,000.00 . 903,141, 000. 00 .

28, 000,000. 00 . 10, 000, 000. 00 . 26,000, COO. 00 .

155, 527, 487. 76 .

7,000,000.00 . 7,000,000.00 .

75,000, 000. 00 . 2,000,000.00 .

28,000,000.00 . 22,000,000.00 .

165,000,000.00 .

10,000,000.00 . 42,000,000. 00 .

8,000,000.00 . 1,323,287.67

116,757,000.00 . 383,396,000. 00 .

252,026,000.00 . 749,962,000.00 .

Araount m a t u r e d or caUed or re­

deemed prior to m a t m i t y 3

$2,000,000.00 1, 000,000. 00 2,000,000. 00

12,000,000. 00 5, 000,000. 00

30, 000, 000. 00 10, 000,000. 00

56,342. 30

377, 470,000. 00

305, 994, 000. 00 2, 217, 376, 000. 00

140, 000,000.00

30,000,000.00 7,000,000. 00

75,000, 000. 00 2,000,000. 00

28,000,000.00 91,000,000. 00

7,000,000. 00 54,000,000.00 26,000,000. 00 5,000,000.00

25,000,000. 00

4, 562,406. 79

116,757, 000. 00

252, 026,000. 00 1,130,919,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

182 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Rate of interest i

Araount issued 2 Amount raatured

or caUed or re­deemed prior to

maturity 3

1969 Percent Dec. 31 U.S. savings bonds:5

SeriesE-1941 63.340 SeriesE-1942 6 3.397 Series E-1943 6 3.450 SeriesE-1944 63.521 Series E-1945_.. 63.575 SeriesE-1946. 6 3.661 Series E-1947.. 63.719 Series E-1948 63.730 Series E-1949... 6 3.883 Series E-1950 63.963 Series E-1951 63.735 Series E-1952 (January to April) 3. 570 Series E-1952 (May to December) 6 3.633 Series E-1953 6 3.696 Series E-1954 63.732 Series E-1955 6 3. 866 Series E-1956... 6 4. ooi Series E-1957 (January) 4.080 Series E-1957 (February to Deceraber) 6 4.217 Series E-1958. 64.308 Series E-1959 (January to May) 4.370 Series E-1959 (June to December) 6 4. 330 SeriesE-1960 64.433 Series E-1961 6 4. 506 Series E-1962 6 4. 553 SeriesE-1963 6 4.315 Series E-1964. 64.173 Series E-1965 (January to November) 6 4.266 Series E-1965 (December) 4.420 Series E-1966 4.449 Series E-1967 4. 555 Series E-1968 (January to May) 4.640 Series E-1968 (June to December) 5. 035 Series E-1969 (January to May) 4.800 Series E-1969 (June to December) 5.000 Unclassified sales and redemptions SeriesH-1952 63.539 Series H-1953--.. 63.593 SeriesH-1954 63.673 SeriesH-1955 63.743 Series H-1956 63.354 Series H-1957 (January)... 3.920 Series H-1957 (February to December) 6 4.120 Series H-1958 64.202 Series H-1959 (January to May) 4. 270 Series H-1959 (June to Deceraber) 6 4.322 SeriesH-1960 64.336 Series H-1961 6 4. i65 SeriesH-1962 6 4.064 Series H-1963 6 4.145 SeriesH-1964.. 64.235 Series H-1965 (January to November) « 4.326 Series H-1965 (December) 4. 570 SeriesH-1966 4.594 SeriesH-1967 4.664 Series H-1968 (January to May) 4.720 Series H-1968 (June to December) 4.769 Series H-1969 (January to May) 4.830 Series H-1969 (June to December) 5.000 Unclassified sales and redemptions

31 Treasury notes. Series D-1970 6H Adjustments of issues n

31 Treasmy notes. Series D-1971 7M Adjustments of issues u

31 Treasury notes. Series E-1971 8.00 Adjustments of issues "

31 Treasury notes, Series A-1973 7M Adjustments of issues n

31 Treasm-y notes, Series B-1976 6M Adjustments of issues u.

31 Treasury notes. Series C-1976 ly , Adjustments of issues n.

Footnotes at end of table.

$2,090,902.93 $1,748,476.66 3,967,808.15 7, 559, 559. 01 3, 877,384. 85 12,134, 313.65 10,922,217. 66 14, 029, 554.11 8,944,316. 41 12,232,283. 80 3,645, 716. 49 7,120,781. 82 3,635,218. 00 7,406,319. 58 4,450,103. 69 8, 566,185.11 5,436,437.48 10, 387,632. 26 4, 204,999. 28 8,325, 055. 63 3,688,989. 69 7, 299,114. 78 -25, 225. 23 2, 527,208.98 1, 786, 619. 87 5, 283, 652. 35 4,158, 287. 08 9, 650, 556. 58 4, 099,644. 73 10,907, 033. 75 4,493, 445. 07 11, 827,643. 97 4, 568,476. 55 12, 215,786. 30

419. 96 1, 054,454. 08 2,725, 373. 52 11, 246,118. 83 6, 254, 347. 74 14, 057, 883.92 3,420,037.99 5,985,031.81 2, 254, 562. 40 9,050, 043. 31 5, 200, 306. 65 14,447,857. 53 6, 248, 412. 41 18, 068, 737. 34 13,101, 756. 89 15,467, 620. 50 7,950,944.88 15,883,877. 21 8,207,473. 50 16, 626, 881. 65 3,725, 779. 22 17,104.489. 60 4, 517,880. 51 2, 065,271. 56 9,311, 534. 69 24, 514,362.11 9,134,602.14 30, 750, 899. 95 -147,766.53 17,054,831.36

13, 037, 791. 42 34, 520, 285. 43 -900,702,173.47 -49,789,016.43 1, 309, 615, 836. 90 192,991,781. 25 7 - 74,417,781.03 7 _ 103,480,470.10

379,000.00 1,382,500.00 2,378,500.00

. 3,324,000.00 2,533,500.00 129,000.00

2,383,000.00 3,391,500.00 1,731,000.00 3,925,500.00 3,478,000.00 4,381,500.00 3,462,000.00 3,251,500.00 2,413,000.00 2,129,500.00

9,500.00 2,733,500.00 2,065,500.00 806,500.00 643,500.00

-128, 286, 500. 00 406,000. 00 145, 012,000. 00 257,000. 00 8,216, 500. 00 6,624,000. 00

6,'ooo.'oo'---'-'---!------

"-67," ooo.'oo"'.'--'-.'.'.'-."-----

-708," 000." O O ' - - - - " . ' - ' . - - - -

-243," 656.'65"-----"."-'-".'---------------------------------

"'74,"655."5o'.".'.'."'-.".'.'-.'-.".".''.'.'--

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 183 TABLE 34.—Issues, maturities, and redemptions of interest-hearing public debt

securities, excluding special issues, July 1969-June 1970—Continued

Date

1969 Dec. 31

31 31 31 31

31 31

1970 Jan. 1

Secmities

U.S. savings notes:» Series S-1967... Series S-1968 (January to May) Series S-1968 (June to Deceraber) . . Series S-1969

Unclassified U.S. retirement plan bonds Depositary bonds. First Series . . . Treasury bonds, REA Series Treasury bonds, Investment Series B-1975-80..

Redeemed in exchange for 13 ^% Treasm-y notes, Series EO-1974..

Treasury notes. Series E 0-1974 Miscellaneous.

Total December,.

Treasury certificates, maturing:

Rate of hiterest i

Percent

4.74 4.74 5.00 5.00

3.'97" 2.00 2.00 . 2M .

.........

Amount issued 2

$493,918. 47 -21,472. 54

1, 546, 585. 81 35, 563,374.00

-4,610,062. 74 1,845, 504.67 2, 553,000. 00

i,'o66,'o55.'65'

16,741,068,675. 30

Amount matured or caUed or re­

deemed prior to maturity 3

$1,813,776.76 2,050,722.09 6,070,990.65

159,934. 60 («)

62,460.76 617, 000. 00 830, 000.00

1, 066, 000.00

35,310,000. 00

18, 512,374,881.11

Jan. 1,1970 Apr. 1, 1970

Treasury bills: Regular weekly:

Dated July 3,1969 Redeemed in exchange for series is­

sued Jan. 2, 1970, due Apr. 2, 1970... Redeemed in exchange for series

dated Jan. 2,''1970, due July 2, 1970.. Redeeraable for cash

Maturing Apr. 2, 1970 Issued in exchange for series dated

July 3, 1969 Issued for cash

Maturing July 2, 1970 Issued in exchange for series dated

July 3, 1969 Issued for cash

Certificates of indebtedness, foreign series, maturing Mar. 31,1970

Treasury certificates, maturing: Jan. 3, 1970 Apr. 3, 1970

Certificates, of indebtedness, foreign series, maturing:

Jan. 19,1970 Feb. 13,1970 Mar. 16, 1970

Treasury biUs: Regular monthly:

Maturing Apr. 30, 1970 Adjustraents of cash issues.

Certificates of indebtedness, foreign series, maturing:

Jan. 19,1970 Mar. 31, 1970 Jan. 19, 1970 Jan. 19,1970-- -Feb. 13,1970 Feb. 13, 1970---Feb. 13, 1970 -Feb. 13,1970—- - -Mar. 6, 1970- -Mar. 16, 1970 - -Apr. 8, 1970

Treasury notes, foreign currency series, ma­turing:

Apr. 2, 1973 -July 2,1973 - -

Treasury bills: Regular weekly:

Dated July 10,1969-Redeemed in exchange for series issued

Jan. 8, 1970, due Apr. 9, 1970-Redeemed In exchange for series dated

Jan. 8,1970, due July 9, 1970 Redeemable for cash

7.106 . 8.096

4 7. 045 .

2,030.34 . 1,994.90

8. 095 .

424,350, 000. 00

203, 245, 000.00 2, 283,614,000. 00

424,350,000.00 . 1,377,910,000.00

203,245,000.00 . 998,431,000.00 .

30,000,000.00 .

7.106 8.096 1,586,821.24 .

1, 559,123.41

7.05 7.15 7.70

7.263 .

5,000,000.00 . 15,000,000.00 .

11,000, 000.00

-1,000.00 .

7.05 8.10 7.05 7.05 7.15 7.15 7.16 7.15 7.45 7.70 8.00

5.25 6.125

4 7.146 .

5,000,000.00 . 18,000,000.00

271,017,399.32 .

5,000,000.00 5,000,000. 00

10,000,000.00 8,000,000.00 7,000,000.00

15,000,000.00 27,000,000.00 3,000,000.00

125,760,853.16 124,987, 501. 25

393,372,000. 00

306, 694, 000. 00 2,202. 605, 000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

184 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

D a t e Securities R a t e of mterest i

Araoun t issued 2 Araoun t m a t u r e d

or called or re­deeraed prior to

m a t m i t y 3

1970 T r e a s u r y biUs:—Continued

Regular wee k ly :—C on t inue d J a n . 8 Matur ing A p r . 9, 1970

Issued in exchange for series da ted Ju ly 10, 1969

Issued for cash 8 Matur ing Ju ly 9, 1970

Issued in exchange for series da ted Ju ly 10,1969 -

Issued for cash 9 Certificates of indebtedness , foreign series,

ma tu r ing : Mar. 16, 1970 Mar. 31, 1970 Mar. 31, 1970. . . Apr . 8, 1970

12 Apr . 8, 1970 Apr . 13, 1970..

13 Mar. 31, 1970 Apr . 8, 1970

14 Mar. 31, 1970 A p r . 8, 1970

15 Mar. 5, 1970 Apr . 8, 1970 Apr . 8, 1970 Apr . 8, 1970 Apr . 8, 1970 A p r . 13, 1970 Miar. 31, 1970

15 Treasury notes, foreign series, raaturing: J an . 15, 1970 J a n . 15, 1970 Apr . 22, 1971

T r e a s u r y bills; Regu la r weekly :

15 D a t e d Ju ly 17,1969. . Redeeraed in exchange for series issued

J a n . 15, 1970, due Apr . 16,1970_ R e d e e m e d in exchange for series da t ed

J a n . 15,1970, due J u l y 16,1970. Redeemable for cash

15 M a t m h i g Apr . 16, 1970 Issued in exchange for series da ted J u l y

17,1969. I ssued for cash

15 Ma tu r ing J u l y 16,1970 Issued in exchange for series da ted J u l y

17,1969 Issued for cash

16 T r e a s u r y notes , foreign cur rency series, m a t m i n g :

Apr . 3, 1972 J u l y 5 ,1972 . .

T r e a s u r y biUs: Regujar m o n t h l y :

16 M a t m m g Sept. 30,1970 ---Adjus tmen t s of cash issues

16 Certificates of indebtedness , foreign series, m a t u r i n g :

Apr . 13,1970 -Apr . 16, 1970 . . . .

19 Apr . 13,1970 Mar . 31,1970

20 Mar . 3,1970 Mar . 10,1970 - - - -Mar. 10,1970 Mar . 31,1970

21 Mar . 16 ,1970 . . . . - - -Mar. 31,1970 - - -Apr . 8, 1970 Apr . 13,1970

22 Apr . 8,1970.- -

Percent

$393, 372, 000. 00 . 1,410,657,000.00 .

306,694,000.00 . 900,776,000.00 .

7.70 8.10 8.10 8.00 8.00 8.00 8.10 8.00 8.10 8.00 7.45 8.00 8.00 8.00 8.00 8.00 8.10

5.30 5.34 7.95

4 7.177 .

42,000,000.00 3,000,000.00 .

35,000,000.00 . 17,000,000.00 3,000,000.00

29,000,000.00 . 34,000,000.00

4,000,000.00 .

$3, 000, 000. 00 42, 000, 000. 00

9, 000, 000. 00

150,000,000.00 .

7.837 .

7.783 .

320,544,000.00 . 1,481,466,000.00 .

204,358,000.00 . 1,000,971,000.00 .

5.38 5.46

7.801 65,000.00

00 . 424 00 . 10 45 . 00 . 70 . 10 70 10 00 00 CO

250,000,000.00

"i9,'oo5,'o55."o5"

3,000.000.00 18,000,000.00 9,000,000.00

49,000,000.00 35,000,000.00

1, 000, 000. 00 42,000, 000. 00 3,000, 000. 00 3,000, 000. 00

34,000,000. 00 8,000, 000. 00

100, 000, 000. 00 50, 000, 000. 00

320, 544, ooo.'oo

204,358,000.00 2,380, 631,000.00

124,865,769.30 124,884,481.85

4,000,000.00

10,000,000.00

2,000,000.00 13,000,000.00 19,000,000.00

11,000,000.00

Footnotes a t end of t ab le .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 185

T A B L E 34.—Issues, maturities, and redennptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—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

matm-i ty 3

1970 Percent

7.50 8.08

7.561 .

7.70 7.70 8.00 7.70 7.70, 7.70 8.00

7.801

T r e a s m y bills: Regular weekly:

Jan . 22 D a t e d J u l y 24,1969 4 7 . 1 5 8 . Redeemed in exchange for series issued

J an . 22,1970, due Apr . 23,1970 Redeemed in exchange for series da ted

J a n . 22,1970, due Ju ly 23,1970 . Redeemable for cash

22 M a t u r m g A p r . 23 ,1970 . . . . 7 . 788 . I ssued in exchange for series da ted J u l y

24,1969. Issued for cash . . . —.

22 Matur ing J u l y 23,1970 7 . 6 6 3 . Issued in exchange for series da ted Ju ly

2 4 , 1 9 6 9 . . . : . - . . I ssued for cash . . — . . .

23 Certificates of indebtedness , foreign currency" series, m a t u r i n g :

J a n . 2C1970— J u l y 23,1970.

T rea su ry bills: Regular m o n t h l y :

23 Matur ing Dec . 31,1970 Adjus tments of cash issues

23 Certificates of indebtedness , foreign series, m a t u r i n g :

Mar . 16,1970 26 Mar. 16,1970 •

Apr . 8,1970 27 Mar. 16,1970

Mar . 16.1970 Mar. 16,1970 Apr . 8,1970

T r e a s m y biUs: Regular m o n t h l y :

27 M a t m i n g Sept. 30,1970 Adjus tmen t s of cash issues Adjus tments of exchange issues

28 Certificates of indebtedness , foreign series, m a t u r i n g Apr . 8,1970 1

28 T r e a s m y notes , foreign currency series, m a t u r i n g :

F e b . 19,1973 F e b . 19,197313.. Oct. 2 , 1973 . . Oct. 2,197313 :

T r e a s m y bills: RegiUar weekly :

29 D a t e d Ju ly 31,1969 Redeemed in exchange for series issued

J a n . 29,1970, due Apr . 30,1970 Redeemed in exchange for series da ted

J a n . 29,1970, due Ju ly 30,1970 . Redeemable for cash— 1

29 Ma tu rh ig A p r . 30, 1970 . . . . 7 .890 . Issued in exchange for series da ted

J u l y 3 1 , 1 9 6 9 . . . . I ssued for cash

29 Matu r ing Ju ly 30,1970 7 .776 . Issued in exchange for series da ted

Ju ly 31,1969 . - - -I ssued for cash

29 Certificates of indebtedness , foreign series, m a t u r i n g :

J a n . 29, 1970 7.05 . Mar . 16,1970 - 7.70 . Apr .8 ,1970 8.00 . A p r . 8 , 1970 - 8.00 Apr . 29, 1970 • 7.90

30 Mar . 16,1970 l ' 7.70 Mar .31,1970 8.10 Mar.31,1970 8.10 . Mar.31,1970 8.10 . Mar .31,1970 . . - 8.10

Footnotes a t end of tab le .

$370,542,000.00 1,431; 525,000.00

254,653,000.00 . 949,544,000.00 .

9,791,134.83 .

75.000.00

23,000,000.00 . 159,000,000.00 46,000,000.00

6,000,000.00 .

25,000.00 . -25,000.00 .

8.00

5.20 3.05 6.23 4.43

4 7.136

-124,393,581.29 . 134,590,058.25 .

-124,263,737.36 . 134,019,834.92 .

364,436,000.00 . 1,436,313,000.00 .

302,477,000.00 897.825.000.00

130,000,000.00

$370,542,000.00

254,653,000.00 2,274, 997,000. OQ

99,856,021.55

60,000,000.00 23,000,000.00 18,000,000.00

29,000,000.00

364,436,000.00

302,477,000.00 2,233,728,000.00

130,000,000.00 35,000,000.00

9,000,000.00 1,000,000.00

"64,"55o,'ooo.'o6 21,000,000.00 18,000,000.00 18,000,000.00 17,000,000.00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

186 1970 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—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 t o

m a t u r i t y 3

1970 Percent J a n . 30 T r e a s u r y notes, foreign series, m a t u r i n g :

J a n . 30,1970 5.30 May 20,1970.- 8.10

30 T r e a s u r y notes , foreign currency series m a t u r ­ing:

J a n . 30,1970 - 5.40 J a n . 30,1970 - 5.30 J u n e l , 1971 - 8.10

30 Treasm-y certificates, m a t u r i n g : June30 ,1970 3.50

31 J a n . 31, 1970 - - 7.030 A p j . 30, 1970 - - . - 7.888

31 U . S . savings bonds : ^ SeriesE-1941 63.340 SeriesE-1942 - 63.39,7 Series E-1943 - 63.46O S e r i e s E - 1 9 4 4 . . - - 63.521 Series E-1945 63.575 SeriesE-1946 .- - 6 3.661 Series E-1947 - 63.719 Series E-1948 63.730 Series E-1949- 63.333 Series E - 1 9 5 0 . . - 63.953 Series E-1951 . . - 63.735 Series E-195 2 ( J anua ry to April) 3.570 Series E-1952 (May to December) 6 3.633 Series E-1953 6 3.696 Series E-1954 63.732 Series E-1955 . - - 63.366 Series E-1956 6 4.001 Series E-1957 ( January ) 4.080 Series E-1957 ( F e b r u a r y to D e c e m b e r ) . . . . 6 4.217 Series E-1958 64.303 Series E-1959 ( J a n u a r y to May) 4.370 Series E-1959 ( June to December) 6 4.330 SeriesE-1960 64.433 Series E-1961- - 64.506 SeriesE-1962 - --- 64.553 SeriesE-1963 64.315 Series E-1964 _ 64.173 Series E-1965 ( J a n u a r y to November ) 64.266 Series E-1965 (December) 4.420 Series £--1966 4.449 Series E-1967. 4.555 Series E-1968 ( J a n u a r y to May) 4.640 Series E-1968 ( June to D e c e m b e r ) . . . 5.035 Series E-1969 ( J a n u a r y to May) 4.800 Series E-1969 ( June to December) 5.000 Unclassified sales a n d r eden ip t i ons . - - . Ser iesH-1952. 63.539 Series H-1953 63.593 SeriesH-1954 «3.673 SeriesH-1955 63.743 Series H-1956 63.354 SeriesH-1967 ( January) 3.920 Series H-1957 (Februa ry to December) 6 4.120 Series H-1958 64.202 Series H-1959 ( January to May) 4.270 Series H-1959(June to Deceniber) 8 4.322 SeriesH-1960 64.336 SeriesH-1961 84.105 Series H-1962._ 64.064 SeriesH-1963 64.145 SeriesH-1964 64.235 Series H- l965(January to November) 6 4.326 Series H-1965 (December) 4. 570 SeriesH-1966 4.594 S e r i e s H 1967 4.664 S e r i e s H 1968(January to M a y ) . . . 4.720 Series H-1968(June to December) 4. 769 Series H-1969 (Jan ua ry to May) 4.830 Series H-1969(June to December) 5.000 Unclassified sales a n d redemptions

31 Treasury notes, Series D-1971. 7 y Adjus tments of issues n

31 Treasury notes. Series E-1971 8.00 Adjus tmen t s of issues n

Footnotes a t end of tab le .

$100,000,000.00 $100,000,000.00

125,425,118.79 25,554,652.11

25,533,890.44

3,546,519. 92 5,406,964.35 1,242,269.06

1,264, IOL 94

561,125.47 1,378, 734.07 4,241,938.32 5, 659,153.47 4,407,495.76 9,019,404.22 8,601,356.32 10,657,68L36 4,585,009.24 9,812,490.80 3,663,763.43 5,259.407.30 4,589,688.90 5,433,973.87 4,975,49L81 6,294,872.64 5,653,874.21 7,356,801. 58 5,815,323.86 6,168,120.60 4,230,720.67 5,381,553.91 2,315,424. 97 1,805,107.41 3,352,470.41 3,814,287.70 3,819,37L40 7,109,666.43 3,950,360.50 7,585,078.69 4,239,451. 63 8,452,608. 57 4,364,974.14 8,853,813'. 18

-70 ,347.83 792,473.48 4,593,374.50 8,224,886.19 4,857,607.13 10,152,939.77 2,547,393. 59 4,524,040.86 2,591,230.00 7,008,451. 51 5,233,882.61 10,221, 244. 57 2,558,875. 90 13,158, 736.08 9,297,492.96 11,954,237.26

10,704,237.01 11,454,007. 76 9,753,035.72 12.208,618.57 9,183,478. 27 13,255, 556.53

102.38 1,254,277. 75 9,485,805.13 17,518,165. 56 9,827,685. 55 22,092,329.57 4,931,742.06 12,260,835. 64 4,457,875.89 23,92L440.08 4,958,326.06 32,920,749.27

286,356,485. 56 91,905, 506. 25 80,240,284.09 191,027,681.80

442,500.00 1,458,000.00 2,798,500.00 3,983,500.00 3,250,500.00

123,500.00 3,199,000.00 4,671,000.00 1,295,000.00 5,405,500.00 4,471,500.00 5,741,000.00 5,154,500.00 4,043,000.00

. - . 4,126,500.00 2,533,000.00

684,500.00 3,993,000.00 3,206,000.00

. - - 957,500.00 11, 500. 00 1,300, 000. 00 36, 500. 00 543,000. 00

32,372,000. 00 449,000. 00 2,841, 000.00 2,081,000. 00

"-7,'027,'555.'55".'--.'.''.'.'.'--r--."'

9," 6 5 5 ^ 0 6 - - - - - - - - - - -

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 187 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of interest i

Araoun t issued 2 Araoun t matm-ed

or called or re­deemed prior to

m a t u r i t y 3

1970 Jan . 31 Treasu ry notes . Series A-1973

Adjus t r aen t s of issues u Treasury notes, Series C-1976

Adjus tmen t s of issues n U . S . savings notes:8

Series S-1967 Series S-1968(January to May) Series S-1968 (June to December) Series S-1969 Unclassified

U . S . re t i rement p lan bonds Depos i ta ry bonds . F i rs t Series. Treasury bonds , R E A Series

ol Treasury bonds , Inves tn ien t Series B-1975-80. Redeeraed in exchange for i y % Treasm-y

notes, Series EO-1974 31 Treasury notes. Series E 0-1974. 31 MisceUaneous

31

31

31 31 31

Percent 73^

i y " $5,000. 00 .

4.74 4.74 5.00 5.00

3.99 2.00 2.00 . 2M

1, 000. 00 .

195,184. 67 305,673. 94 465. 911. 36

28,392, 638. 81 - 4 2 0 , 8 n . 0 0 3,123, 498.42

283, 000. 00

$1,303,929. 79 1,468,821. 57 5,784,760. 05

185, 571. 00 (8)

212,476. 95 58, 000. 00

328, 000. 00

m 1,975, 000. 00 . 1,975,000. 00

46,286,000. 00

F e b . 2 12

To ta l J a n u a r y . - . 17,286,767,066.37 16,997,192,743.39

Treasu ry biUs: Regular m o n t h l y :

D a t e d J a n . 31,1969 - - - 4 6.088 --- ---Redeeraed in exchange for series issued

F e b . 2,1970, due Oct. 31,1970--.. -Redeeraed in exchange for series da ted

J a n . 31,1970, due J a n . 31,1971 Redeemable for cash -

Matur ing Oct. 31, 1970 ..- 7.724 Issued in exchange for series da ted

J a n . 31, 1969 - - - -Issued for cash . - .

M a t m i n g J a n . 31,1971 - - - 7.533 . Issued in exchange for series da t ed

J a n . 31,1969 ---Issued for cash. .

200;816,000.00 . 299, 782. ooo; 00 .

3.50

8.00 8.00 7.70 8.10 7.85 7.80 8.10 7.75

095 .

8.101

801

2 Treasury certificates, ma tu r ing J u n e 30,1970-. 2 Certificates of indebtedness , foreign series,

ma tu r ing : A p r . 8,1970 A p r . 8, 1970 Mar. 10,1970 Mar. 31,1970 Apr . 20, 1970 Apr . 27, 1970 -

3 Mar. 31,1970 May 4, 1970

Treasury biUs: Regular weekly:

3 Matur ing Apr . 2,1970 Adjus tmen t s of cash issues

3 Matur ing Ju ly 2,1970 Ad jus tmen t s of cash issues.

Regular m o n t h l y : 3 Matur ing Sept. 30,1970

Adjus tmen t s of cash issues 4 Matm-ing Oct. 31,1970

Adjus tments of cash issues 4 Matur ing J an . 31, 1971

Adjus tmen t s of cash issues 4 M a t m i n g Apr . 30, 1970

Adjus tmen t s of cash issues Regular weekly:

4 ' Matur ing Apr . 9,1970 Adj us tmen t s of cash issues Adjus tments of exchange issues

4 Matur ing Ju ly 30,1970 Adjus tmen t s of cash issues Adjus tmen t s of exchange issues.

4 Certificates of indebtedness foreign series, m a t m i n g :

Mar. 16,1970 7.70 Mar. 31,1970 8.10

Foo tno tes a t end of t ab le .

4 0 - 9 - 7 1 4 — 7 1 ' 1 3

333,191,000.00 . 668,607, 000. 00 .

8,358,102.61 .

19,000,000.00 . 17,000,000.00 . 30,000,000.00 . 30,000,000.00 . 36,000,000.00 . 12,500,000.00 .

5,000.00 .

-5,000.00 .

7.724 . -90,000.00 .

7. 533 1,233,000.00 .

7.890 . 1,192,000.00 .

-2 , 000. 00 .

7.C

7.776 .

-60,000.00 . 60,000. 00 .

114,000.00 . -15,000.00

51,000,000.00 . 14, 000.000.00 ,

200,816,000. 00

333,191,000. 00 966,659,000.00

45, 000,000. 00 6, 000,000. 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

188 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Rate of interest i

Aniount issued 2 Araount matured

or called or re­deeraed prior to

maturity 3

$9, 000. 00

36, 000. 00

20,000.00

-9 ,000 .00

$523, 371,000.00

378, 652, 000. 00 2,102, 905, 000. 00

378, 652,000. 00 . 823, 967, 000. 00 .

49,968,624.35 .

84,000,000. 00 . 7,000,000.00 .

200, 000, 000. 00 .

30,000.00 . -30, 000. 00 .

19, 000, 000. 00 . 17, 500, 000. 00 .

21,000. 00 .

-130,000.00 .

-5,000.00 . 6,000. 00 .

6, 000.00 , -10,000.00 .

302,714,000.00 . 897, 948, 000. 00 .

14, 000, 000. 00 .

49,872,419. 39

1970 Perceiit Treasmy biUs:

Regular monthly: Feb. 5 Matm-ing Apr. 30, 1970 7.890

Adjustments of cash issues 5 Maturing Jan. 31, 1971 7.533

Adjustments of cash issues Regular weekly:

5 Maturing July 9, 1970 7.991 Adjustments of cash issues.

5 Matm-ing July 30,1970 7.776 Adjustments of cash issues . — J.

5 Dated Aug. 7,1969 47.034 Redeemed in exchange for series issued

Feb. 5, 1970, due May 7, 1970 Redeemed In exchange for series dated

Feb. 6, 1970, due Aug. 6,1970 Redeemable for cash

6 Matming May 7,1970 7.754 Issued in exchange for series dated

Aug. 7, 1969 523,371,000.00 Issued for cash 1,277,591,000.00

5 Matm-mg Aug. 6, 1970 7.719 Issued in exchange for series dated

Aug. 7, 1969 Issued for cash

6 Certificates of indebtedness, foreign currency series, matm-ing:

Feb. 6,1970 7.45 . Aug. 6, 1970 8.125

6 Certificates of indebtedness, foreign series, matm-hig:

Mar. 16, 1970 7.70 Mar. 31, 1970 8.10 May 6, 1970 7.75

Treasury bills: Regular weekly:

9 Maturing Apr. 9,1970 7.960. Adjustments of cash issues Adjustments of exchange issues

9 Certificates of indebtedness, foreign series, maturing:

May 6, 1970 7.75 . Mar. 16, 1970 7.70

10 May 11, 1970 7.35 11 Mar. 16, 1970 7.70 .

Mar. 16, 1970 7.70 . Treasury bills:

Regular monthly: 12 Maturmg Jan. 31, 1971 7.533.

Adjustments of cash issues Regular weekly:

12 Matming July 9,1970 7.991. Adjustments of cash issues.

13 Matming Apr. 16, 1970 7.837. Adjustments of cash issues. Adjustments of exchange issues

13 Maturhig July 16,1970 7.783. Adjustments of cash issues Adjustments of exchange issues

13 Dated Aug. 14,1969 47.205. Redeemed in exchange for series issued

Feb. 13,1970, due May 14,1970 Redeemed in exchange for series dated

Feb. 13, 1970, due Aug. 13,1970.. Redeemable for cash

13 Maturhig May 14,1970 7.311 -Issued in exchange for series dated

Aug. 14,1969 -. 592,820,000.00 Issued for cash 1,197,058,000.00

13 Matming Aug. 13,1970 7.387 Issued in exchange for series dated

Aug. 14,1969 Issued for cash _._ ._

13 Certtficates of indebtedness, foreign series, matming Mar. 16,1970. 7. 75

13 Treasury notes, foreign series, matming Nov. 2,1970 6.40

100,000,000.00

51,000,000. 00 42, 000,000. 00

692,820,000. 00

302,714, 000.00 2,104,273,000.00

433, 551. 61

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 189 TABLE 34.—Issues, maturities, and redemptions of interest-hearing public debt

securities, excluding special issues, July 1969-June 1970—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 raatured

or called or re­deemed prior to

n i a tu r i t y 3

1970 Percent F e b . 15 Treasu ry bonds of 1970 (1-15-65) 4.00

Redeemed in exchange for: 83^% Treasury notes. Series F - 1 9 7 1 . . : $1,583,986,500.00 8 1 ^ % Treasu ry notes. Series B-1973 1,245,119,000.00 8% Treasu ry notes, Series A-1977 . • . . . 1,140,528,500. 00

Redeeraable for cash 411,785,000.0 15 Treasu ry bonds of 1965-70 2 y

Redeeraed in exchange for: 8 1 ^ % Treasury notes. Series F-1971 668,399, 500. 00 8 H % Treasm-y notes, Series B-1973 594,282,000.00 8% Treasu ry notes, Series A-1977 715,096,500.00

15 Treasu ry notes. Series F-1971 834 Issued in exchange for:

4% Treasu ry bonds of 1970 (1-15-65). $1, 583,986, 500. 00 23^% T r e a s m y bonds of 1965-70 668,399,500.00

15 T r e a s m y notes. Series B-1973 83^ . -Issued in exchange for:

4% T r e a s m y b o n d s of 1970 (1-15-65) 1,245,119,000.00 -23^ T r e a s m y bonds of 1965-70 594,282.000.00 -

15 T r e a s m y notes . Series A-1977 8.00 . - - -Issued hi exchange for:

4% Treasu ry b o n d s of 1970 (1-15-65) 1,140,528, 500. 00

7.70 7.75 7.70 7.70 7.70 7.70 7.70 7.70 6.80

30,000,000.00 30,000,000.00 .

162,000,000.00 . 150,000, 000. 00 .

23^% Treasu ry bonds of 1965-70 715,096,500. 00 . 16 Certtficates of indebtedness , foreigii series,

ma tu r ing : Mar. 16,1970 - - . May 6,1970.

17 Mar. 16,1970 Mar. 16 ,1970 . . . . Mar. 16, 1970 ^ . . .

18 Mar. 16, 1970 19 Mar. 12,1970

Mar. 16,1970 _•.... May 19,1970

T r e a s m y bills: RegrUar weekly:

19 D a t e d Aug. 21,1969. . - . 47.135 Redeemed in exchange for series issued

F e b . 19,1970, due May 21,1970 Redeemed in exchange for series da ted

F e b . 19,1970, due Aug. 20,1970. - - -Redeemable for cash

19 Matur ing May 21,1970 6.775 Issued in exchange for series da ted

Aug. 21,1969- 594,826,000. 00 . Issued for cash 1,207,759,000.00 .

19 Matm-ing Aug . 20,1970 6.917 -Issued in exchange for series da ted

Aug . 21,1969 Issued for cash _

Regular mon th ly : 20 Matur ing J a n . 31,1971 7 . 5 3 3 .

Ad jus tmen t s of cash issues - . --Adjustraents of exchange issues

24 Certtficates of indebtedness , foreign series, m a t m i n g :

May 19,1970 -25 F e b . 25,1970 - - -

Mar. 12,1970 Mar. 16,1970 Mar. 16,1970 -Mar. 16,1970 May 19,1970 May 25,1970

Treasury biUs: Regular m o n t h l y :

26 Matur ing Apr . 30,1970 Adjus tments of cash issues Adjus tmen t s of exchange issues

Regular weekly: 26 D a t e d Aug. 28,1969 47.1

Redeeraed in exchange for series issued F e b . 26,1970, due May 28,1970-

Redeemed in exchange for series da ted F e b . 26,1970, due Aug. 27,1970

Redeemable for cash

30,000,000. 00 100,000,000. 00 12,000, 000. 00 19,000,000. 00 6, 000, 000. 00

594,826, 000. 00

302, 600, 000. 00 2,106,148, 000. 00

302,600,000.00 . 894,738,000.00 .

9, 000. 00 . 10,000.00

6.80 7.50 7.70 7.70 7.70 7.70 6.80 6.85

7.8

25,000,000.00

75,000,000. 00 25,000, 000. 00 30, 000, 000. 00 30,000, 000. 00 16, 000, 000. 00 8, 000, 000.00

75,000, 000. 00

-196,000.00 . 196, 000.00 .

596,115,000. 00

351, 225,000. 00 2,064,306,000. 00

Foo tno tes a t end of tab le .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

190 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues,, July 1969-June 1970—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

1970

F e b . 26

26

26

27

T r e a s m y bi l ls—Continued Regular week ly—Cont inued

M a t m i n g May 28,1970 Issued in exchange for series da ted

Aug.28,1969. Issued for cash

Matur ing Aug. 27,1970 Issued in exchange for series da ted

Aug . 28,1969 Issued for cash

Certificates of indebtedness, foreign series, m a t m i n g :

Mar. 16,1970 May 26,1970 Mar. 16,1970 . . . . Mar. 31,1970

28 Treasm-y certificates, ma tu r ing J u n e 30,1970. . . 28 U . S . savings bonds : ^

SeriesE-1941 SeriesE-1942 Series E-1943 . SeriesE-1944 Series E-1945 SeriesE-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 (Februa ry to Deceraber) Series E-1958 Series E-1959 ( January to May) Series E-1959 (June to Deceraber) Se r i e sE-1960 . - -Series E-1961 SeriesE-1962 Ser iesE-1963- -Series E-1964 Series E-1965 ( January to Noveraber) Series E-1965 (Deceraber) Series E-1966 Series E-1967 Series E-1968 ( January to May) Series E-1968 (June to Deceniber) Series E-1969 ( January to M a y ) - -Series E-1969 ( June to Deceraber) - - -Unclassified sales and rederapt ions SeriesH-1952--Series H-1953 Series I-I-1954 -Series I-I-1955 -Series H-1956 - - -Series H-1957 (January) Series H-1957 (Februa ry to December) Series H-1958--- . - - -Series .H-1959 ( January to May) Series H-1959 (June to December) SeriesH-1960 - -Series H - 1 9 6 1 . . SeriesH-1962 SeriesH-1963 SeriesH-1964 Series H-1965 ( Janua ry to November ) '. Series H-1965 (December) SeriesH-1966 SeriesH-1967 Series H-1968 ( January to May) Series H-1968 (June to December) Series H-1969 ( January to May)

Percent

6. 813 .

$596,115, 000. 00 . 1, 205, 002, 000. 00 .

7.70 6.85

351,225,000.00 949, 553, 000. 00 .

200, 000, 000. 00 . $15, 000, 000. 00

Footnotes at end of tab le ;

7.70 . 8.10 .. 3.50 ...

6 3. 340 6 3. 397 6 3. 460 6 3. 521 6 3. 575 6 3. 661 6 3. 719 6 3. 780 6 3.883 • 8 3. 963 6 3. 735 3.570

6 3.633 6 3. 696 e 3. 782 6 3. 866 6 4. 001 4.080

0 4. 217 6 4. 308 4.370

6 4. 380 8 4. 433 6 4. 506 6 4. 558 6 4. 315 6 4.173 6 4. 266 4.420 4. 449. 4.555 4.640 5.035 4.800 5.000

6 3.-539 ... 6 3.598 ... 8 3.673 .. 6 3.743 .. 6 3. 854 3.920 ...

6 4.120 ... 6 4. 202 4.270 ...

8 4. 322 8 4.336 ... 6 4.165 6 4.064 ., 6 4.145 ... 6 4. 235 6 4.326 ... 4.570 4.594 . 4.664 4.720 4. 769 4.830

382, 601. 36 , 2, 591,126. 58 3,410,094.10 6,449, 647.19 3, 276, 034. 84 2, 830, 769. 53 3, 206, 639. 45 3,672, 359. 52 4, 280, 354. 47 4, 219,447. 22 3, 309,003. 73 1, 694, 546. 35 4, 237,891. 27 4, 660,102. 33 4, 961, 378. 03 5,191,166. 46 5, 068,634. 50

.768.75 4, 371,101. 46 4, 792, 514. 08

. 2, 415, 950. 29 2, 475, 241. 21 4, 796, 202. 59 6, 070,155. 56 7,804, 258. 47 7, 795, 400. 47 7, 489, 885. 95 7,124, 214.16

450. 00 8,149,478. 63 8,131,855. 54 4,101, 365. 99 4,044, 565. 62 6, 998, 315. 91

320, 706, 472. 25 45, 239, 313.15

1, 000. 00 3, 000. 00 1, 500. 00

12, 500. 00

131, 000, 000. 00 11, 000, 000. 00 14, 869,151. 22

1, 662, 344. 20 5, 755, 517. 59 8,939,811.22 10, 967, 640. 32 9, 795, 727. 89 5, 321, 737. 25 5, 706,487. 67 6, 932, 247. 93 7,921, 295. 37 6, 284,174. 51 5, 577, 020. 29 1, 753, 892. 94 4,150, 945. 92 7, 235, 078. 32 7, 536,839. 93 8, 360, 604. 99 8, 709,147. 04

730, 055.14 8, 094, 238. 21 10, 038, 048. 42 4, 239, 294. 33 7,123, 429. 53 9, 878, 859. 40 12, 361, 912. 37 12, 242,273.14 11,114,461. 54 11, 642, 338. 05 10, 754, 671. 72 1, 449,150. 28

15, 942, 479. 34 20, 860, 601. 77 11, 273, 716. 93 23, 503, 639. 06 30, 940, 326. 54 115, 772, 390. 88 104,836,672 07

316, 500. 00 911, 500. 00

1, 949,000. 00 2, 565, 000. 00 2 225 000 00

90, 500. 00 1, 627, 000. 00 3, 506 500. 00 2,129, 000. 00 2 057 000 00 9, 895, 000. 00

. 4, 988, 500. 00 4, 825, 500. 00 4,132, 500. 00 4,191, 000. 00 2, 801, 000. 00

198 500 00 3, 447, 500. 00 3,173,000. 00 1,118, 500. 00 1, 389,000. 00 1. 233, 500. 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 191 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of interest i

A m o u n t issued 2 Anioun t matm-ed

or called or re­deemed prior to

m a t u r i t y 3

$704,000. 00 21,000. 00

9,151,000. 00

4, 000. 00 .

1970 Percent F e b . 28 U . S . savings bonds : 5—Continued

Series H-1969 (June t o Deceraber) 5. 000 $12. 397,000. 00 Series H-1970 5.000 13,108,000.00 Unclassified sales and redempt ions 13,361,500. 00

28 Treasury notes, Series E-1971 8.00 Adjus tmen t s of issues 11 —1,000.00 .

28 T r e a s m y notes . Series A-1973 7% Adjus tments of issues n

28 T r e a s m y notes , Series C-1976 73^ Adj us tmen t s of issues n . . . .

28 U . S . savings notes: § Series S-1967 . Series S-1968 ( January to May) Series S-1968 (June to December) Series S-1969 Unclassified

28 U .S . re t i rement p lan bonds 28 Deposi tary bonds , F i rs t Series 28 Treasm-y bonds , R E A Series 28 Treasury bonds , Inves tn ien t Series B-1975-80.

Redeemed in exchange for 13^% Treasury notes. Series EO-1974

28 Treasu ry notes, Series E 0-1974 13^ 4,124,000. 00 28 Miscellaneous

4.74 4.74 5.00 5.00

3.99 2.00 2.00 2M

9,000.00 .

249,853. 32 340, 553. 03 501, 388. 99

30,172, 026. 61 2, 038,262. 44

242, 795. 49 16, 000. 00

1, 339, 517. 46 1,439, 743. 33 7,052, 886.13

172, 894. 50 (e) 302, 244.18

55, 000. 00 370,000. 00

4,124, 000. 00

35, 918,000. 00

Mar. 2 12

150, 357,000. 00

258, 563,000. 00 1, 091,620,000. 00

150,357,000.00 349, 774, 000. 00 .

258,563,000.00 941,561,000.00 .

7.125

7.50 7.70 8.10 6.85

100,000,000.00 .

13, 000,000. 00 . 11, 000, 000. 00 . 15,000,000.00 .

15, 000,000. 00

T o t a l F e b r u a r y . . 21,346,977,413.85 21,416,822,979.82

Treasury bills: Regular raonthly:

D a t e d F e b . 28,1969 4 6. 259 Redeemed in exchange for series issued

Mar. 2, 1970, due N o v . 30, 1970 Redeemed in exchange for series da ted

F e b . 28,1970, due F e b . 28, 1971. Redeemable for cash

M a t m i n g N o v . 30,1970 6. 995 Issued in exchange for series da ted

F e b . 28,1969 Issued for cash

M a t m i n g F e b . 28, 1971 6.932 Issued in exchange for series da ted

F e b . 28,1969. . Issued for cash

Treasm-y notes, foreign series, ma tu r ing J u n e 17,1971

Certificates of indebtedness , foreign series, ma tu r ing :

Mar. 2, 1970 Mar. 16, 1970.. Mar. 31,1970 J u n e 2,1970

Treasm-y bills: T a x ant ic ipat ion:

Matm-ing Apr . 22,1970 Issued for cash

Certificate of indebtedness , foreign series, m a t u r i n g : Mar. 16,1970 7.70 Mar. 16,1970 7.70 Mar. 16,1970 7.70

T r e a s u r y bills: Regular weekly:

D a t e d Sept . 4,1969 47.333 Redeeraed in exchange for series issued

Mar. 5,1970, due J u n e 4 , 1 9 7 0 . . . . . . . . . Redeemed in exchange for series da ted

Mar. 5,1970, due Sept . 3,1970 Redeeraable for cash

Matur ing J u n e 4 ,1970. . 6.868 Issued in exchange for series da ted

Sept . 4,1969 527,459,000.00 Issued for cash 1,273,641,000.00

Matur ing Sept . 3,1970 6.773 Issued in exchange for series da ted

Sept . 4,1969 326,728,000.00 Issued for cash . 974,952,000.00

6.549 1, 753,068, 000. 00 .

62,000,000.00 70,000,000. 00 9,000,000. 00

527,459,000.00

326,728,000. 00 2,146,627,000. 00

Foo tno tes a t end of table .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

192 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date

1970 Mar. 6

9

9

10

10

10

12

12 12 12 13

13

15

16

16

18

18

18

19 19 19

23 23

24

24

• 26

Securities

Certificates of indebtedness , foreign series, m a t u r i n g :

May 26,1970. . . . Mar. 12 ,1970. . . Mar. 16,1970

Treasu ry biUs: Regular weekly:

Matur ing May 14,1970 Adjus t raents of cash issues

Matur ing Aug . 13,1970 Adjus tments of cash issues

Matur ing Aug . 6, 1970 Adjus tments of cash issues Adjus tments of exchange issues

Matur ing Apr . 23, 1970.. Ad jus tmen t s of cash issues Adjus tments of exchange issues

Certificates of indebtedness , foreign series, n ia tur ing:

Mar. 10,1970 Mar. 10,1970 Mar. 10,1970 Mar. 12,1970 J u n e 11,1970

T r e a s u r y bills: Regular weekly:

D a t e d Sept . 11,1969 Matur ing J u n e 11,1970 Matur ing Sept . 10,1970 Matur ing May 28,1970

Adjus t raents of cash issues T rea su iy notes, foreign series, ma tu r ing Mar.

13,1970... T reasu ry bonds of 1965-70 . .

Redeemable for cash Treasu ry biUs:

Regular weekly: Matur ing A u g . 27, 1970 :

Ad jus tmen t s of cash issues Certificates of indebtedness , foreign series,

m a t u r i n g : Mar. 16,1970 Mar. 16,1970 Mar. 16,1970 Mar. 16,1970 Mar. 16,1970 J u n e 15,1970

T r e a s u r y bills: Regular m o n t h l y :

Matur ing N o v . 30,1970 Adjus tmen t s of cash issues

Matur ing F e b . 28, 1971 Adjus tmen t s of cash issues

Regular weekly: Matur ing A u g . 20, 1970.

Adj u s tmen t s of cash issues D a t e d Sept . 18,1969 Matur ing J u n e 18,1970 Matur ing Sept . 17,1970

T a x ant ic ipat ion: Matur ing Mar. 23, 1970.

Certificates of indebtedness , foreign series, m a t u r i n g :

J u n e 23, 1970 Mar. 24, 1970 J u n e 24,1970

Treasu ry bills: Regular week ly :

Matur ing J u l y 30, 1970 Adj u s t m e n t s of cash issues Ad jus tmen t s of exchange issues

T reasu ry notes , foreign series, ma tu r ing Ju ly 2 2 , 1 9 7 1 . . . .

R a t e of interest i

Percent

6.85 . 7.70 7.70

7.311 .

7.387 .

" " 7 . " 7 i 9 " .

"'"'7."788"-

7.70 . 7.70 . 7.70 . 7.70 . 6.90

4 7. 583 . 6.877 6.729 6.813 .

5.74 . 23^ .

6.974 .

7.70 . 7.70 . 7.70 . 7.70 . 7.70 . 6.90

6.995 .

'""6."932".

6.917 .

"'"4"7."684'. 6.837 6.707

7. 202 .

6.85 7.80 . 6.30

7.776 .

6.70

A m o u n t issued 2

$30,000,000.00 . 46,000,000.00 .

-1 ,000 .00 .

-3 ,000 .00 .

20,000.00 . -20,000.00 .

8,000.00 . -8 ,000.00 .

30,000,000.00 .

1,798,040,000.00 . 1,301,270,000. 00 .

-13,000.00 .

7,000.00 .

200,000,000.00 .

-10,000.00 .

7,000.00 .

250,000.00 .

1,802,540,000.00 . 1,303,370,000.00 .

20,000.000.00 .

15,000,000.00 .

5,000.00 . -5 ,000 .00 .

100,000,000.00 .

A m o u n t m a t u r e d or caUed or re­

deeraed prior to raaturity 3

$100,000,000. 00

19,000,000. 00 6,000,000. 00

10,000,000. 00 30,000,000. 00

3,001,333,000. 00

13, 970, 546. 50

301,930,000. 00

13,000,000. 00 62,000,000. 00 70,000,000. 00

9,000,000. 00 46,000,000. 00

3,002,144,000. 00

1,752,433,000. 00

15,000,000. 00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 193 TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Amount matured

or caUed or re­deemed prior to

maturity 3

1970 Percent Treasury bills:

Regular weekly: Mar.26 Dated Sept. 25,1969 47.628.

26 Maturing June 25,1970 6.264 26 Maturing Sept. 24, 1970 6.184 26 Maturing Apr. 23, 1970 7.788.

Adjustments of cash issues 26 Maturing May 21,1970 6.775.

Adjustments of cash issues Adjustments of exchange issues

26 Maturing Aug. 13,1970- 7.387. Adjustraents of cash issues

26 Matming Aug. 20, 1970 6.917 Adjustments of cash issues...

Regular monthly: 26 Matming Apr. 30, 1970.. 7.890

Adjustments of cash issues Adjustments of exchange issues

26 Matming Feb. 28, 1971 6.932 Adjustments of cash issues

Tax anticipation: 26 MaturingSept. 22, 1970.. 6.177 26 Certificate of indebtedness, foreign series,

maturing: Apr. 13, 1970 8.00

31 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 Mar.31, 1970 8.10 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 Mar. 31, 1970 8.10 June 11, 1970 6.90 June 15,1970 6.90 June30, 1970 6.35

31 Treasury notes, foreign series, niaturing July 29, 1971.- - - 6. 79

Treasmy bills: Regular monthly:

31 Dated Mar. 31, 1969 4 6.551 31 Maturhig Dec. 31, 1970 6.101 31 Matming Mar. 31, 1971 6.132 31 Treasury notes, foreign cmrency series,

matming: Jan. 3, 197214 5.28 Oct.2, 197214 ..... 5.73 Dec.22, 197214 6.25

31 Treasury certificates, maturing June 30, 1970.. 3. 50 31 U.S. savings bonds: ^

SeriesE-1941 63.340 SeriesE-1942 63.397 Series E-1943 63.400 Series E-1944 6 3. 521 Series E-1945.. 63.575 Series E-1946 6 3.66I Series E-1947 63.719 Series E-1948 63.730 Series E-1949 63.333 Series E-1950 63.903 Series E-1951- 63.735 Series E-1952 (January to April) 3.570 Series E-1952 (May to December) 6 3.633 Series E-1953 63.696 Series E-1954 63.732 Series E-1955- - . . . - 63.306 Series E-1956 ---- 64.OOI Series E-1957 (January) - - ' 4.080 Series E-1957 (February to December) 6 4.217 Series E-1958 --- 6 4.308 Series E-1959 (January to May) 4.370 Series E-1959 (June to Deceraber) 6 4.330 SeriesE-1960 64.433 Series E-1961 64.506 SeriesE-1962.- - 64.658 SeriesE-1963 64.315

Footnotes at end of table.

$3,010,463,000.00 $1,804,050,000.00 1,302,380,000.00

2,'55o.'55"".]'-------!-^

-2," 5 5 5 . ' 6 5 ' . ' - - - - - - - . " - - ^

1,000.00

H i ; 6 5 5 ' 5 5 ' - - - - - - - - - - -

- 3 i ' 5 5 6 . " 5 5 ' - - - - ' . - - - - - -- i 8 7 , ' 5 6 6 . ' 5 5 ' - - - - - - - - - - -

-21,000.00

"" i 6 , ' 5 o 6 . ' 5 5 - - - - - - - - - - -

1,757,600,000.00

20,000,000.00 4,000,000.00 19,000,000.00 3,000,000.00 9,000,000.00 17,000,000.00 36,000,000.00 14,000,000.00 7,000,000.00 11,000,000.00 30,000,000.00 20,000,000.00

45,000,000.00

100, 000, 000. 00

1,501,357,000.00 500,400,000.00

1,201,040,000.00

10,005,646.95 9,996,196.74 10,395,014.61 ...-

8,045,754.62

362, 233. 96 2, 570, 391.03 2, 762,820. 76 10,188,728. 98 8, 223, 408. 43 15, 585, 567. 81 3, 069,613.12 20,043,610. 01 2,834, 356.18 17,352, 594.82 2, 624,416. 30 10,060,995. 85 3,188,203.38 11,493,286.41 3,368,462.38 12,921,597.83 4,030,314.20 15,385,105.66 4,072,956.14 14,052,099.21 3,223,190.16 10,684,864.37 1,659,751.50 3,614,894.56 1,921,400.30 7,859,799.13 5,214,340. 84 14,082,334.38 5.523.724.92 15,896,912.81 5,878,786.90 17,247,776.22 5.917.954.18 16,434,538.92 2,699,729.64 1,489,887.35 4,476,718.26 14,705,983.95 4.821.265.19 18,960,463.02 2,403,642.72 8,070,505.04 5,431,892.84 11,895,813.58 5,677,436.25 20,360,676.34 6.700.354.93 24,021,087.44 7,806,253.50 23,535,552.. 38 7,530,767.98 20,062,003.08

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

194 1970 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Rate of interest i

Amount issued 2 Amount matured

or caUed or re­deeraed prior to

raaturity 3

1970 Percent Mar. 31 U.S. savings bonds:5—Continued

Series E-1964.. 64.173 $7,178,817.07 Series E-1965 (January to November) 6 4.266 7,329,078.48 Series E-1965 (December)... 4.420 675.00 Series E-1966 4.449 8,583,274.58 Series E-1967 4.555 8,524,878.44 Series E-1968 (January to May) 4.640 4,342,993.07 Series E-1968 (June to December) 5.035 3,937,486.92 Series E-1969 (January to May) 4.800 7,552,720.31 Series E-1969 (June to Deceraber) 5.000 376,756,295.45 Series E-1970 5.000 45,679,931.59 Unclassified sales and redemptions 7 —7 951 967.30 SeriesH-1952 : . . . . 63.539 Series H-1953 63.593 ___. SeriesH-1954 63.673 SeriesH-1955 63.743 Series H-1956 83.354 Series H-1957 (Jan^ary) _ 3.920 Series H-1957 (February to December) 84.120 Series H-1958 64.202

^ Series H-1959 (January to May) 4.270 Series H-1959 (June to December) 64.322 SeriesH-1960 64.330 Sei-iesH-1961 6 4.165 Series H-1962.- 64.064 - -Series H-1963 64.145 SeriesH-1964 64.235 --Series H-1965 (January to November) 6 4.320 _ - -Series H-1965 (December)- 4.570 - . . SeriesH-1966 4.594 SeriesH-1967 4.664 Series H-1968 (January to May) 4.720 Series H-1968 (June to December) 4.769 Series H-1969 (January to May) 4.830 48,500.00 Series H-1969 (June to Deceniber) 5.000 2,274,500.00 Series H-1970 5.000 43,526,000.00 Unclasstfied sales and redeniptions _. 7—7,985,000.00

U.S. savings notes:8 Series S-1967 4.74 287,994.01 Series S-1968 (January to May) 4.74 365,430.74 Series S-1968 (June to December) 5.00 477,875.08 Series S-1969 5.00 32,184,954.16 Series S-1970 5.00 1,621,154.46. Unclassified -987,997.50

U.S. retirement plan bonds.. 3.99 337,519.11 Depositary bonds. First Series 2.00 90,000.00 Treasury bonds, REA Series 2.00 Treasury bonds. Investment Series B-1975-80. 2%

Redeemed in exchange for 13^% Treasury notes, Series EO-1974

31 Treasury notes, Series EO-1974 13^ 8,066,000.00. 31 MisceUaneous

31

31 31 31 31

$18, 17, 2, 25, 27, 14, 27, 31,

135.

-52,

1, 3, 3, 3,

2, 5, 2, 2, 12, 7, 6, 5, 4, 3,

4, 4, 1, 1, 1,

-1,

423,660. 68 586,458.90 065,802.13 488,812 59 847,352.38 211,698. 96 388,809.85 473,718. 29 330,059. 25 74,006. 25 174,784. 24 753,500.00 667,500.00 439,000.00 '995,000.00 510,500.00 63,500.00

756,500.00 206,000.00 720,000.00 453,000.00 191,000.00 459,500.00 074,000.00 328,000.00 514,500.00 776,500.00 243,000.00 294,000.00 379,000.00 286,000.00 320,000.00 493,500.00 777,000.00

15,500.00 288,000.00

1, 667,493. 56 1, 698, 652. 53 6, 699, 891.87 1, 798, 919.46

(8) 202,889. 34

82,000.00 875,000.00

8,066,000.00

'36,"843.'666.'66

Total March 20,876,890,966.92 18,420,676,813.10

6.40

8.00 7.85

Apr. 1 Treasury certificates, maturhig: AprU 1,1970 8.096 July 1,1970 6.330

1 Treasury notes, Series EA-1970 l y Redeemable for cash

1 Treasury notes, foreign series, maturing Nov. 2, 1970.

2 Certificates of indebtedness, • foreign series maturing:

Apr. 13,1970 Apr. 20, 1970

Treasury bills: Regular weekly: '

2 Dated'Oct. 2, 1969.. : 47.792 2 Matm-ing July 2, 1970... 6.329 2 Maturing Oct. 1,1970 1 6.392 2 Matm-ing Aug. 27, 1970 6.974

Adjustments of cash issues 3 MaturhigMay 14, 1970... 7.311

Adjustments of cash issues 3 Matm-hig June 25,1970 6.264

Adjustments of cash issues 3 MaturingSept. 17, 1970- . . - . - . - 6.707

Adjustments of cash issues

2,07L43 . 2,030.34

1,800,270,000.00 1,301,180,000.00

87, 529,000.00

284,985.16

15,000,000.00 10,000.000.00

3,010, 715,000.00

-6,000.00

1,000.00 .

20,000.00

4,000,00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 195 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing , public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of interest i

A m o u n t issued ^ Araoun t raatured

or called or re­deemed prior to

matm-i ty 3

1970 Regular m o n t h l y :

Matm-ing F e b . 28,1971 Adjus tmen t s of cash issues

Apr . 3 M a t m i n g Mar. 31,1971 Adjus tmen t s of cash issues

3 T reasu ry certificates, ma tu r ing . : Apr . 3, 1970 Ju ly 3,1970

6 Treasm-y notes, foreign currency series, ma­tur ing:

A p r . 6, 1970. . . J u ly 6, 1971 . - - - - -

7 Certificates of indebtedness , foreign currency series, ma tu r ing Apr . 7, 1970

7 Treasury certificates, ma tu r ing J u n e 30, 1970-. 8 Certificates of indebtedness , foreign series,

matm-ing: Apr . 8, 1970 - - - - -Ju ly 8, 1970

9 Treasury notes, foreign series, ma tu r ing Aug . 26, 1971

9 Certificates of indebtedness , foreign series, matm-ing Apr . 20, 1970.

Treasury biUs: Regular weekly :

9 D a t e d Oct . 9, 1969 9 Matur ing J u l y 9, 1970.. 9 Matur ing Oct . 8, 1970.. 9 M a t m i n g J u l y 30, 1970

Adj u s tmen t s of cash issues 9 M a t m i n g Aug . 13, 1970 -

Adjus tmen t s of cash issues 9 Matur ing Aug . 27, 1970- -

Adjus tments of cash issues Regular m o n t h l y :

10 Matur ing N o v . 30,1970 . Ad jus tmen t s of cash issues

10 Matur ing F e b . 28,1971 Adjus tmen t s of cash issues

Regular weekly: 13 Matur ing J u n e 4, 1970 ---.

Ad jus tmen t s of cash issues 13 Maturh ig Sept. 24, 1970 -- -.

Ad jus tments of cash issues 14 Treasury certificates, raaturing J u n e 30, 1970-. 15 Treasui-y notes, foreigii series, raaturing N o v .

2, 1970 . . - -16 Certificates of indebtedness , foreign series,

ma tu r ing : A p r . 16, 1970 ---J u l y 16, 1970

Treasury biUs: Regular weekly:

16 M a t m i n g Sept . 17, 1970 Adjus t raents of cash issues

16 D a t e d Oct. 16, 1969 -- --- . 16 Matur ing J u l y 16, 1970 16 Matur ing Oct. 15, 1970 20 Certificates of indebtedness , foreign series,

m a t u r i n g A p r . 20, 1970. Treasu ry biUs:

Tax ant ic ipat ion: 21 Matur ing Sept . 22, 1970

Ad jus tmen t s of cash issues 22 Maturhig Apr . 22, 1970.. 22 Certificates of indebtedness , foreign series,

ma tu r ing J u n e 15, 1970 Treasury bUls:

Regular weekly: 23 D a t e d Oct . 23, 1969 . . . 23 Matur ing J u l y 23, 1970._ -23 Matur ing Oct . 22, 1970 -27 Certificate of indebtedness , foreign series,

ma tu r ing : A p r . 27, 1970 -

28 J u l y 28, 1970 29 A p r . 29, 1970 -

J u l y 29, 1970

Footno tes a t end of table .

Percent

6.932 .

" " ' 6 . ' i 32" .

6.995 .

'6.'932".

6.868

"6."i84"

"3." 5 6 "

6.40

5.424 . 5.424

6.707

7.85 .

6.177 .

"'4'7." 126'.

6.90 .

$7,000.00

"20,'66o."66'

6.330

6.15 --6.75

7.73 --3.50

8.00 6.40

6.84

7.85 _-

1,618,938.50

52, 251,457. 24 .

1,762. 60 .

271,017,399.32 .

100, 000, 000. 00 .

4 7.692

$1, 586,821. 24

52, 204,176. 33

54,686, 772. 78

271,017,399. 32

6.408 1,801,980,000.00 . 6.455 1,304,990,000.00 . 7.776

3,000.00 . 7.387

6,000.00 . 6.974

-4 ,000 .00 .

-47,000.00 .

"'-i'm'bb'.

-10,000.00 1,571.77 .

250,000,000.00 .

-4,"6o6."66'!

15,000, 000. 00

3, 004, 613, 000. 00

488,350. 34

250,000, 000.00

4 7.633 3,005,119,000.00 6.310 1,802,350,000.00 6.247 1,300,760,000.00

5,000,000.00

600,000.00 4, 767,244, 000.00

75,000,000. 00

4 7.579 3,002,462,000.00 6.476 1,802,710,000.00 6.494 1,302,570,000.00

30, 000, 000. 00

"i35,"656,'oo5.'6o 10,000,000.00 . 6.90

7.90 6.90 70,000.000.00 .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

196 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing puhlic debt securities, excluding special issues, July 1969-June 1970—Continued

Date Secmities Amount matmed

Rate of Amount issued 2 or caUed or re-interest 1 deemed prior to

maturity 3

1970 Apr . 29

30 30 30 30 30 30 30

30

30

30

Treasury notes, foreign series, m a t m i n g N o v . 2,1970 _ -

Treasu ry biUs: Regular mon th ly :

D a t e d Apr . 30, 1969 Matur ing J u l y 30, 1970 Matur ing Oct . 29, 1970 D a t e d Apr . 30, 1969- - - - - -M a t m i n g J a n . 3 1 , 1 9 7 1 . . -Maturh ig A p r . 30, 1971 -

Treasury notes, foreign series, raaturing: A p r . 30, 1970 -A p r . 30, 1970 -A p r . 30, 1970 Sept. 23,1970 -

Certificates of indebtedness , foreign series, ma tu r ing :

J u n e 15 1970 June30,1970 -

T r e a s m y certificates, ma tu r ing : Apr . 30, 1970 J u n e 30,1970 -J u l y 31, 1970 -

U .S . savhigs bonds:8 SeriesE-1941 SeriesE-1942 - -Series E-1943 Series E-1944 -Series E-1945 SeriesE-1946 Series E-1947 -Series E-1948-Series E-1949 - -Series E-1950 Series E-1951 Series E-1952 ( January to AprU) . Series E-1952 (May to December) Series E-1953 -Series E-1954 -Series E-1955 Series E-1956 Series E-1957 ( J a n u a r y ) . . Series E-1957 (Feb rua ry to Deceraber) Series E-1958. Series E-1959 ( January to May) Series E-1959 (June to December) SeriesE-1960 Series E-1961 Series E-1962. _ SeriesE-1963 Series E-1964. Series E-1965 ( January to November ) Series E-1965 ( D e c e m b e r ) . . . 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 Unclassified sales and redempt ions SeriesH-1952 1 Series H-1953 SeriesH-1954 SeriesH-1955 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. SeriesH-1962 SeriesH-1963

Percent

6.40 .

4 7.639 . 6.876 7.253

4 6.423 . 6.843 6.814

6.93 . 6.02 . 6.21 . 7.46

6.90 . 6.35 .

7. 888 . 3.50 . 6.876

8 3.340 6 3. 397 6 3.460 6 3. 521 6 3. 576 6 3.661 6 3.719 6 3. 780 6 3.883 6 3.963 6 3. 735

3.570 6 3.633 6 3. 696 6 3. 782 6 3. 866 6 4.001

4.080 6 4. 217

. 6 4.308 4.370

, 6 4. 380 . 6 4.433 . 6 4. 506 . 6 4. 558

6 4.315 . 6 4.173

6 4. 266 4.420 4.449 4. 555 4.640 5. 035 4. 800 5. 000 5. 000

. 6 3. 539 .

. 6 3. 598 .

. 6 3. 673 .

. 6 3, 743 .

. 8 3.854 . 3.920 .

. 6 4.120 .

. 6 4. 202 . 4.270 .

. 8 4.322 .

. 6 4.336 .

. 6 4.165 .

. 6 4. 064 .

. 6 4.145 .

$1,801,210,000.00 . . 1,301,290,000.00 . .

500,310,000.00 . . 1,199,980,000.00 . -

200,000,000.00 . .

1,289,030.03 . .

361,065.46 2,860,613.46 6.488.311.07 2.624.252.08 3,460,882. 70 2,700,007. 86 2,994,381.40 3,206,873. 67 3,719,467. 68 3,721,674.30 3,244,412.82 1,497,725. 25 1,750,743.38 4,067,710.40 4,477,711.10 4,653,394.12 4,762,128. 51

225. 00 4, 748,710.14 4,478, 507.28 2,138,674.34 2, 508,647.43 6,467,014.62 7,169,140.94

13,671,018.10 8,625,853.77 7,866, 581.99 7,811,103.45 -126,093.88 8,971,016.38 8, 693,262.65 4,484,099.74 3,971,699.16 4,864. 584.27

137,930, 538.15 315, 028,359. 23

7-94,548,136.38

$1,897,486. 67

3,001, 535, 000. 00

1, 500,785,000. 00

75,000, 000. 00 75,000, 000. 00 50,000, 000. 00

105,000,000. 00 45,000, 000. 00

1,264,101. 94 8,679,666.43

2,355,132.33 9, 504,097. 71

15,386,864. 59 19,229,130. 67 16,028, 597. 52 9,173,889.31

10,170,763.49 11,711,143.58 13,282,737. 51 12,343, 823.45

9,394,635.97 3,484,320. 61 7,368,393.62

13,157,020.23 13,867,735.67 15,615.292. 60 15,277,592.84

1, 586,266.08 14,257,070. 78 17,390,777. 74 7,905, 596. 74

10, 790,398. 70 19,502,006.74 21,896,016. 74 22,342,972.71 19,772,208.18 30,352,488. 56 18,351,346. 77

2,126,436.63 34,337,127. 72 30,959,293. 54 14,211,100.40 25,329,174.49 26,369,499. 06

139,220,236. 50 161,250.00

7 -134,461,407.44 746,000.00

1,790, 500.00 4,063,000.00 5, 548,000.00 5, 842,000.00

956,000.00 3,126,000.00 5,435, 500.00 3,106, 500.00 2,183,500. 00

11,178,000.00 6,956, 500. 00 6, 537,000.00 6,221,000.00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 197 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

D a t e Securities R a t e of hiterest i

A m o u n t issued 2 Araoun t raatured

or called or re­deemed prior to

m a t u r i t y 3

1970 Apr . 30 U .S . savings bonds:s—Cont inued

SeriesH-1964 Series H-1965 ( January to Noveraber) Series H-1965 (Deceraber) Series H-1966 S e r i e s H - 1 9 6 7 . . . Series H-1968 ( January to May) Series H-1968 (June to Deceraber) Series H-1969 ( January to May) Series H-1969 (June to Deceraber) Series H-1970__ Unclassified sales and rederapt ions

Treasu ry notes. Series D-1971 Adjus t raents of issues n . . .

T reasu ry notes. Series E-1971 . -Adjus tments of issues H-

Treasu ry notes, Series A-1973 Adjus t raents of issues n . -

U . S . savings notes: 3 Series S-1967 Series S-1968 ( January to May) Series S-1968 ( June to Deceraber) Series S-1969 Series S-1970 . - - -Unclassified-- -

U .S . ret i reraent p lan bonds Depos i ta ry bonds . F i rs t Series- -Treasu ry bonds , R E A Series T reasu ry bonds , I n v e s m e n t Series B-1975-80-

Redeeraed in exchange for: i y 7 o T r e a s m y notes. Series EO-1974 13^^% Treasu ry notes . Series EA-1975

30 Treasu ry notes . Series E 0-1974 30 Treasu ry notes, Series E A-1975 30 Miscellaneous -

Percent

6 4.235 6 4.236 .

4. 570 . 4.594 . 4.664 . 4.720 4.769 4.830 5.000 5.000

30

30

30

30

30 30 30 30

7M

'8.'66"

$2,000.00 12, 500.00 10,000. 00

195,000. 00 41, 003,500.00

^ -9 ,494 , 500. 00

$5,331,500. 00 4,850,000. 00

194,000. 00 5,237,000.00 3,828, 500. 00 1,361, 500.00 1,492,000. 00 1,311, 500. 00

942, 500.00 169,500. 00

r -23,815,000.00

2,000.00

7M

4.74 4.74 5.00 5.00 5.00

3.99 2.00 2.00 2%

1,000.00 .

-7,'666." 66'!

304,301. 37 348,973.25 544,898. 98

15,643,590. 94 17, 779,340. 66

-13,582,798.25 273, 548.78 260,000. 00

1,667,322. 96 1,704, 500.27 5,211,935.11 3,864,164.16

1,660. 50

(«) 193,391.91 743,000.00 515,000.00

ly ly

4,179,000.00 221,000.00 .

4,179,000. 00 221,000.00

42,199,100. 00

To ta l AprU 18,745,676,748.16 23,295,957,397.79

May 4 Certtficates of indebtedness , foreign series, m a t u r i n g :

May 4,1970 - --. Aug . 4, 1970 -

5 A u g . 5, 1970 - -Treasu ry biUs:

Regular weekly: 5 Matur ing Oct. 22,1970 - . - - . .

Ad jus tments of cash issues— 6 Matur ing Ju ly 30,1970- - .---

Adjus tmen t s of cash issues -6 Matur ing Oct. 29,1970

Adjus tments of cash issues 6 T rea su ry notes , foreign currency series, raa­

tur ing : May 6,1970 Aug . 6,1971 -

6 Certtficates of indebtedness , foreign series, m a t m i n g May 6, 1970

Treasu ry biUs: Regular weekly:

D a t e d N o v . 6,1969 Matur ing Aug. 6, 1970 Matur ing N o v . 5, 1970..

Certificates of indebtedness , foreign series, ma tu r ing :

May 11, 1970 Aug . 11, 1970 May 12, 1970 J u n e 2, 1970..

T reasu ry bUls: Regular weekly:

D a t e d N o v . 13,1969. M a t m i n g Aug . 13, 1970... Matur ing N o v . 12, 1970

Treasu ry notes, Series B-1970 Redeemed in exchange for:

7M% Treasu ry notes. Series G-1971 7M% Treasu ry notes, Series A-1973 8% Treasu ry notes. Series A-1977

Redeemable for cash .

7.75 6.90 7.20

6.494 .

'6. '876'.

'7. '253'.

12,500,000.00 . 15,000,000.00 .

12, 500,000. 00

-20,000.00..

'-'i6,'6o6.'66'!

'" i6,'666.'66''

7 7 7

11

14 14 14 15

6.40 7.70

6.85 -

25,595,085.74

47.565 7.184 7.493

7.35 7.20 6.85 -

1,800,730,000.00 1,301,030,000.00 .

17,500,000.00 .

6.85

47.361

25,445,292.62

100,000, 000. 00

3,002,349,000.00

6.994 7.20L

5 ^

1,802,030,000.00 . 1,301,580,000.00 .

17,500,000. 00

'25,'666,'666.'66 5, 000,000.00

2,993,940,000.00

1,001,116,000.00 3,495,218,000. 00 2,671,112,000.00

625,369,000.00

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

198 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1969-June 1970—Continued

Amount raatured Date Securities Rate of Amount issued 2 or called or re-

interest 1 deemed prior to maturity 3

1970 Percent May 15 Treasury notes, Series C-1970-- - 6^ . - . .

Redeemed in exchange for: 7^% Treasmy notes. Series G-1971 $6,427,695,000.00 7M% Treasury notes. Series A-1973 . . . 1,186,492,000.00 8% Treasmy notes. Series A-1977.. - - 638,959,000.00

Redeeraable for cash - - - 510,379,000.00 16 Treasury notes. Series G-1971 - 7M - - -

Issued in exchange for: 5^% Treasury notes, Series B-1970 $1,001,116,000.00 6M% Treasmy notes, Series C-1970- - --.- 6,427,695,000.00

Issued for cash-- 3,313,724,000.00 . . . . : 16 Treasury notes, Series A-1973 (Additional

issue) 7M - -Issued in exchange for:

b%% Treasmynotes, Series B-1970 3,495,218,000.00 63 7o Treasury notes, Series C-1970- 1,186,492,000.00 -.

16 Treasury notes. Series A-1977 (Additional issue) -. .-- 8.00

Issued in exchange for: 55^% Treasury notes. Series B-1970 2,671,112,000.00 -6M% Treasury notes. Series C-1970 638,959,000.00

16 Treasury notes, foreign series maturing: May27, 1971 - 7.60 100,000,000.00 -June24, 1971 , 7.60 100,000,000.00

15 Certificates of indebtedness, foreign series, maturing:

June2, 1970 6.85 10,000,000.00 June 23, 1970... 6.85 20,000.000.00 June24, 1970. 6.30 15,000,000.00 July 28, 1970 6.90 10,000,000.00 July 29, 1970. 6.90 70,000,000.00 Aug. 4, 1970 6.90 12,500,000.00 Aug. 5, 1970... 7.20 15,000,000.00 Aug. 11, 1970.... 7.20 17,500,000.00

19 Treasury notes, foreign currency series, maturing:

May 19, 1970 ' 6.35 27,742,457.52 Aug. 19, 1971 . 7.73 27,790,643.82

20 Treasmynotes, foreign series, raaturing Nov. 2, 1970-. . - - . . . - . 6.40 783,632.99

21 Treasury certificates, maturing June 30,1970--- 3.50 2,866.05 Treasury bills:

Regular weekly: 21 Dated Nov. 20, 1969 4 7.072 - 3,002,992,000.00 21 Maturing Aug. 20, 1970 - 6.827 1,789,770,000.00: 21 Maturing Nov. 19, 1970 : 6.996 1,303,530,000.00 28. Dated Nov. 28, 1969 47.300 3,002,293,000.00 28 Maturing Aug. 27, 1970. 7.133 1,801,900,000.00 28 Matming Nov. 27, 1970 7..356 1,300,570,000.00.. 31 U.S. savings bonds: s

SeriesE-1941.. 63.340 785,434.53 1,207,766.11 SeriesE-1942 63.397 3,049,155.21 5,510,206.22 Series E-1943 63.46O 3,506,60L67 8,973,088.56 SeriesE-1944 63.521 4, .505,966.86 10,783,685.91 Series E-1945 63.575 8,644,152.05 9,411,202.69 SeriesE-1946 63.661 2,701,405.34 6,373,25L54 Series E-1947 63.719 2,743,423.45 6,086,087.53 Series E-1948- e 3. 78O 3,197,932.04 6,910,166.67 Series E-1949.. 6 3.883 3,631,429.18 7,286,232.96 Series E-1950 63.963 3,567,348.19 7,238,068.23 Series E-1951 83.735 3,035,972.38 5,618,101.10 Series E-1952 (January to April) 3. 570 -76,702.31 1,950,623.89 Series E-1952 (May to December) 6 3.633 1,631,644.48 3,997,424.27 Series E-1953 6 3.696 4,035,952.29 7,465,978.89 Series E-1954 63.782 4,329,589.08 7,974,139.97 Series E-1955... 63.866 4,594,420.34 9,082,539.45 Series E-1956 84.OOI 4,390,170.90 9,463,558.30 Series E-1957 (January) 4. 080 87.45 869,608.16 Series E-1957 (February to December).... 6 4.217 5,396,019. 04 8,081,354.84 Series E-1958. _. 6 4. 308 5,276,167.80 10,338,30L77 Series E-1959 (January to May) 4.370 -115,982.84 4,622.912.21 Series E-1959 (June to December) 6 4.38O 1,997,270.07 6,339,898.38 SeriesE-1960 64.433 5,181.407.05 11,710,110.50 Series E-1961 84.506 5,506,478.03 12,180,073.67 Series E'1962 6 4.558 3,994,152,20 13,178,026.97

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 199 T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt

securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Amount matured

Rate of Amount issued 2 or caUed or re-interest 1 deemed prior to

maturity 3

1970 May 31 U.S. savings bonds s—Continued

SeriesE-1963 - . - . . Series E-1964 Series E-1965 (January to November) Series E-1965 (December).. Series E-1966 Series E-1967 Series E-1968 (January to May) Series E-1968 (Jmie to Deceraber). Series E-1969 (January to May) Series E-1969 (June to Deceraber) Series E-1970 Unclassified sales and rederaptions SeriesH-1952 Series H-1953 SeriesH-1954 SeriesH-1955 Series H-1956 Series H-1957 (January) Series H-1957 (February to Deceraber). - . Series H-1958 Series H-1959 (January to May) .-Series H-1959 (June to Deceraber)-SeriesH-1960 SeriesH-1961 SeriesH-1962. SeriesH-1963.. SeriesH-1964 Series H-1965 (January to November) Series H-1965 (Deceraber) SeriesH-1966 .-SeriesH-1967 Series H-1968 (January to May) Series H-1968 (June to Deceraber) Series H-1969 (January to May)— Series H-1969 (June to Deceraber).. Series H-1970 Unclasstfied sales and rederaptions

31 Treasury notes. Series E-1971. Adjustraents of issues n

31 Treasury notes, Series F-1971 Adjustments of issues n.

31 Treasury notes. Series A-1973 Adjustments of issues n. .

31 Treasury notes. Series B-1973 Adjustments of issues n —

31 Treasury notes. Series C-1976 Adjustments of issues " .

31 Treasury notes. Series A-1977 Adjustments of issues "

31 U.S. savings notes: 8 Series S-1967 Series S-1968 (January to May) Series S-1968 (June to Deceraber) Series S-1969... Series S-1970 Unclasstfied

U.S. retireraent planbonds Depositary bonds. First Series Treasury bonds, REA Series Treasury bonds. Investment Series B-1975-80.

Redeemed in exchange for: 13^% Treasury notes. Series EO-1974 13^% Treasury notes. Series EA-1975

Treasury notes, Series EO-1974.. Treasury notes. Series EA-1975 MisceUaneous.

Percent

6 4.315 6 4.173 6 4. 266

4.420 4.449 4.555 4.640 5.035 4.800 5.000 5.000

6 3.539 . 6 3.598 . 6 3. 673 . 6 3.743 . 6 3.854 .

3.920 . 6 4.120 . 6 4.202 .

4.270 . 6 4.322 . 6 4.336 . 6 4.165 . 6 4.064 . 6 4.145 . 6 4.235 . 6 4.326 .

4.570 . 4.594 4.664 . 4.720 . 4.769 . 4.830 . 5.000 5.000

8.00

" 7 %

,.00

4.74 4.74 5.00 5.00 5.00

31 31 31 31

3.99 2.00 2.00 2%

31 31 31

13^ i H

$7,293, 7,171,

7,994, 7,840, 3,945, 3,666, 3,319,

20,706, 245,024, 92,999,

500. 83 405. 55 531.17 26.01

831.19 852. 79 943. 86 444. 27 864. 08 082. 29 306. 25 825. 88

8,000. 00

93, 500. 00 25,067,000. 00 4,790,500.00

191,000.00 .

319,225. 96 312,074.46 634,935. 89

2,738,390. 51 16,810,618. 50

-5,203.50 217.387. 80 112,000. 00 10,000. 00

18,952,000.00 . 835,000.00 .

$11, 630, 13,156, 10,368, 1,136,

18,001, 18,172, 8, 526,

14,741, 15,300, 66,832, 32,346, 56,083,

336, 596,

1, 566, 2,265, 2,202,

188, 1,625, 2,814, 1, 529,

965, 5,487, 3,293, 2,812, 2, 579, 2, 541, 2,641,

53, 2, 599, 2,056,

765, 723, 607, 526, 10,

11, 536,

851. 83 526. 57 430.45 756.30 557. 95 231. 33 475.96 124. 75 927.16 997. 85 075. 00 778. 72 000. 00 500. 00 000. 00 000.00 000. 00 000. 00 500. 00 000. 00 500. 00 000. 00 000. 00 000.00 000. 00 500. 00 000. 00 000. 00 500. 00 000. 00 000. 00 500. 00 500.00 000. 00 000. 00 500. 00 500.00

3,830,500.00

2,134,000.00

3,141,000.00 . . .

6,248,000.00 .

787.500.00

1,016,937. 90 1,064,606.42 2,876,018. 74 3,766, 536.90

3,827. 25 («) 122,096.82 262,000. 00 650,000. 00

18,952,000. 00 835,000.00

50,267,400.00

Total May 32,013,413,133.5 29, 521,870,249. 82

Treasury biUs: Regular Monthly:

Juneli2 Dated May 31,1969 46.643. 1 Maturing Feb. 28,1971. 1 Maturing May 31,1971 1 Treasury certtficates, maturing:

June 30,1970 2 June 30,1970

7.393 7.277 3.50 3.50

499,960,000.00 . 1,200,170,000.00 .

3,310.50 .

1,500,544,000.00

11,321,368. 50

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

200 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Amount matured

Rate of Amount issued 2 or caUed or re-interest 1 deemed prior to

maturity 3

1970 Treasury biUs:

Regular weekly: June 2 Maturing July 23,1970 6.476

Adjustments of cash issues 4 Dated Dec. 4,1969 4 7.166 4 Maturing Sept. 3,1970 6.824 4 Maturing Dec. 3, 1970 6.858 4 Maturing Aug. 27,1970 7.133

Adjustments of cash issues 4 Maturing Nov. 27,1970 7.356

Adjustments of cash issues 4 Treasury notes, foreign series, maturing

Aug. 26,1971 7.55 Treasury biUs:

Regular weekly: 11 Dated Dec. 11,1969 47.248 11 Maturing Sept. 10, 1970-- 6.783 11 Maturing Dec. 10,1970 - 6.895 11 Certtficates of indebtedness, foreign series,

maturing Sept. 11,1970 6.80 11 Treasury notes, foreign currency series,

maturing: June 11,1970. 6.375 Sept. 13,1971 7.60

11 Treasury notes, foreign series, maturing Oct. 28, 1971.. 7.65

Treasm-y biUs: Regular weekly:

12 Maturing Oct. 15, 1970 6.247 Adjustments of cash issues

15 Certtficates of indebtedness, foreign series, maturing:

Sept. 11, 1970. 6.80 Sept. 15, 1970. 6.80

15 Treasmy certificates, maturing: June 15. 1970 LOO Dec. 15, 1970 1.00

18 Dec. 15, 1970 LOO 18 Treasury notes, foreign series, maturing

Oct. 28,1971. 7.65 Treasury bills:

Regular weekly: 18 DatedDec. 18, 1969.... 47.27I 18 Matmhig Sept. 17, 1970 6.732 18 Maturmg Dec. 17, 1970. 6.946 19 Matming Oct. 29, 1970 7.253

Adjustments of cash issues Tax anticipation:

22 Dated Oct. 29, 1969 4 7.461 22 Treasury certtficates, maturhig June 30, 1970.. 3. 50 23 Treasury notes, foreign series, maturing

June 23, 1970. 4.66 24 Certificates of indebtedness, foreign series,

maturing Sept. 24,1970 6.65 25 Treasmy notes, foreign series, maturing

Nov. 18, 1971 7.63 Treasury bUls:

Regular weekly: 25 Dated Dec. 26, 1969 4 6.886 25 Maturing Sept. 24, 1970 6.626 25 Maturmg Dec. 24, 1970 6.929 26 Certificates of indebtedness, foreign series,

maturing: July 23, 1970. 6.50 Sept. 11, 1970 6.80

26 Treasm-y notes, foreign series, raaturing Nov. 2, 1970. 6.40

Treasmy biUs: Regular monthly:

30 Dated June30, 1969 47.347 30 Matmmg Mar. 31,1971. 7.068 30 Maturing June 30, 1971 7.079 30 Certificates of indebtedness, foreign series,

raaturing Sept. 30, 1970 6.45 30 Treasmy certificates, raaturing:

June30,1970 3.50 June30,1971 3.50

Footnotes at end of table.

-$10,000.00 $3,001,707,000.00

1,800,910,000.00 1,306,400,000.00

86, '566. '55 ' . ' ! - - . ' . ' -^ ' ' - ' - . ' -

2i6,'666.'66 '.'."'.".".''.".".".".'.''.."

100,000,000.00

2,998,363,000.00 1,803,030,000.00 1,302,860,000.00

50,000,000.00

23,280,176.93 23,193,784,07

100,000,000.00

96 , '666 . '66" ! " . - . ' . ' " - " - ' . " - - . ' . ' -

50,000,000.00 150,000,000.00

. 2,801,855.51 5,315,864.79 .

5,047,523.09

100,000,000.00

3,003,419,000.00 1,802,570,000.00 1,302,670,000.00

' " " " ' " - 7 6 , ' 6 6 6 . " 6 6 ' - - - - - - - - . " . " : ^

4,507,950,000.00

1,745,205.48

85,000,000.00

100,000,000.00

200,000,000.00

- 3,013,205,000.00 1,801,070,000.00 1,302,570,000.00

70,000,000.00 100,000,000.00

203,559.54

1,701,673,000.00 500,560,000.00

1,201,460,000.00

20,000,000.00

774,536,670.79 782,178,792.97

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 201 TABLE 34.—Issues, maturities, and redemptions of interest-hearing public debt

securities, excluding special issues, July 1969-June 1970—Continued

Date Securities Amount raatured

Rate of Amount issued 2 or called or re-interest 1 deemed prior to

matmity 3

1970 June 30 U.S. savings bonds: ^

Series E-1941 SeriesE-1942 Series E-1943 SeriesE-1944 Series E-1945 SeriesE-1946 Series E-1947 Series E-1948 Scries 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) -SeriesE-1960-- -Series E-1961 - - -. SeriesE-1962 Series E-1963 -Series E-1964 -. Series E-1965 (January to November)-.. Series E-1965 (D ecember) 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 - -.. Unclassified sales and redemptions SeriesH-1952 Series H~1953 -- -.. SeriesH-1954 SeriesH-1955 -Series H-1956 -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) SeriesH-1960-- .- - . . . SeriesH-1961 SeriesH-1962. SeriesH-1963 SeriesH-1964 Series H-1965 (January to Noveraber).. Series H-1965 (Deceraber) Series H-1966 SeriesH-1967 Series H-1968 (January to May) _ _ Series H-1968 (June to Deceraber) Series H-1969 (January to May) _ Series H-1969 (June to Deceraber) Series H-1970 Unclassified sales and rederaptions

30 Treasury notes. Series E-1971 Adjustraents of issues n

30 Treasury notes. Series G-1971 Adjustments of issues n

30 Treasury notes. Series A-1973 Adjustments of issues "

30 Treasury notes. Series A-1977 Adjustments of issues n

30 U.S. savings notes:» Series S-1967 Series S-1968 (January to May) Series S-1968 (June to Deceraber) Series S-1969 Series S-1970.. Unclassified

6 4,

3.340 3.397 3.460 3. 521 3.575 3.661 3.719 3.780 3.883 3.963 3.735 3.670 3.633 3.696 3.782 3.866 4.001 4.080 4.217 4.308 4.370 4.380 4.433 :.506

4. 558 4.315 4.173 4.266 4.420 4.449 4.555 4.640 5.035 4.800 5.000 5.000

63. 539 . 3.598 . 3.673 . 3.743 . 3. 854 . 3.920 . 4.120 . 4.202 . 4.270 . 4.322 . 4.336 . 4.165 . 4. 064 . 4.145 . 4. 235 . 4.326 . 4. 570 . 4. 594 . 4. 664 . 4.720 . 4.769 . 4.830 . 5.000 5.000

1.00

7M

"7'A

4.74 4.74 5.00 5.00 5.00

$2, 099,658. 57 3, 818,765.67 3, 573,682.23 10,698,674. 70 8,633,146. 40 3,433,895.39 3,426,762.30 4,136,239.21 5, 015,319.88 4,204,370. 06 3, 580,142.37 -75, 547. 55 1,749,315.41 3,825,464.92 3,879, 763.00 4,130,793.41 4,208, 517. 59 -64,208.68

2,375,252.62 5, 862,324.30 3,196,377. 55 1,946,068.15 1,366, 549.39 5, 578,965. 54

-12,155,87L29 7,350,178.89 7,616,293.35 3,241, 545. 94 4,320,462.25 8, 514,429. 51 8.359,789.86 -303,928.24 8,090, 596.63 -248,244.24

14, 517, 538.78 318,695,481.48 107,294,680.63

111, 000. 00 35,266, 500. 00

652,000. 00

-2,000,00 .

-14,313.000.00 .

622,000.00

2,583,000.00 .

456,361.06 -14,452.84 935,080.76

2,172,610.66 20,159,930.73 -1,644,229. 50

$1,677, 6,859, 11,248, 12,820, 11,312, 6,438, 7, 063, 8,152, 8,918, 8,459. 6,453, 2, 512, 4,579, 9,250, 9.699, 10,485, 11,154,

939, 10,036, 12,245, 5,660, 7,792, 14,190, 15,145, 16,796, 14,475, 15,751, 12,880, 1,361,

20,445, 21,920, 10,960, 18,268, 19,388, 67,153, 57, 532, 90,950,

433, 1,253, 2,510, 4,321, 3,240. 688,

2,029, 3,826, 1,970, 1, 501, 7,187, 5,235, 4,549, 3,913, 3.700, 3,354,

47, 3,733, 2,739, 1,175, 1,053, 865, 867, 35,

-3,465,

694. 31 263. 79 237.12 037.04 341.80 243.25 777.33 205.28 708.34 448.34 724.02 355.69 737.22 165. 75 355.98 326.44 017.55 087.86 592. 78 326.88 830.20 038. 05 320. 26 943.49 314.24 980.89 031.34 488.02 854. 33 246.44 522. 80 281.72 520.49 938. 33 858. 05 481.25 340.75 000.00 500. 00 000. 00 500.00 000.00 000. 00 500. 00 500. 00 500. 00 000. 00 000. 00 000.00 500.00 500.00 500. 00 500. 00 500.00 000.00 500.00 500.00 000.00 500.00 000. 00 500. 00 000. 00

1,252,927.67 1,329,544.27 3,454,490.41 5,035,512.86

11,826.00 («)

Footnotes at end of table.

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202 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 34.—Issues, maturities, and redeirriptions of interest-bearing puhlic debt securities, excluding special issues, Ju ly 1969-June 1970—Continued

Date Securities Rate of interest i

Araount issued 2 Amount raatured

or called or le-deemed prior to

raa turity 3

1970 June 30

30 30

30 30

U.S. retireraent plan bonds Depositary bonds. First Series . Treasury bonds, REA Series : Treasury bonds, Investment Series B-1975-80.

Redeemed in exchange for i y % Treasury notes, Series EA-1975

Treasury notes, Series EA-1975 Miscellaneous

Percent 3.99 2.00 2.00 2M

l y

$724, 882. 60 368, 000. 00

1,362,000.00 .

$237, 523. 86 847, 000. 00 320, 000. 00

1, 362, 000. 00

"49,"853,"666."65

TotalJune 18,242,299,1 •. 26 21, 370, 452, 216. 85

Total fiscal year 1970 245,846,097,053.69 238,083,606,347.23

1 For Treasury bills, average rate on bank discount basis is shown; for savings bonds, approximate yield to maturity is shown.

2 Since May 1, 1957, Series E and H bonds have been the only savings bonds on sale. Amounts shown for Series E represent issue price plus accrued discount and for Series H issue price at par.

3 For savings bonds of Series E, amounts represent current redeniption value (issue price plus accrued discount); and for Series H, amounts represent redemption value at par.

4 Average interest rate for corabined original and additional issues. 5 At option of owner, Series E bonds dated May 1,1941, through Apr. 1, 1952, may be

held and wiU accrue interest for additional 20 years; bonds dated on and after May 1, 1952, may be held and will accrue interest for additional 10 years. At option of owner. Series H bonds dated June 1, 1952, through Nov. 1, 1965, may be held and wiU accrue interest for additional 10 years.

6 Represents a weighted average of the approximate yield of bonds of various issue dates within the yearly series if held to maturity or if held from issue date to end of applicable extention period, coraputed on the basis of bonds outstanding June 30, 1969. (See Treasury Chculars Nos. 653 (8th Revision) and 905 (5th Revision), as revised and amended, for detaUs of yields by issue dates for Series E and H savings bonds respec­tively.)

7 Amounts transferred from unclasstfied sales or rederaptions to sales or redemptions of designated series.

8 Redeemable after 1 year frora issue date at option of owner. 9 Unclassified rederaptions of savtngs notes are included in unclassified redeniptions

of Series E savings bonds beginning May 1, 1968. 10 Represents an additional $302,934,000 on each of seven series of outstanding Treasury

biUs issued in a strip to raature each week frora Sept. 18 to Oct. 30,1969. 11 Adjustraents of amounts originally reported on date of issue or exchange. 12 Settleraent raade subsequent to last day of nionth in which bills matured. 13 The principal doUar equivalent of this security increased as a result of the revalua­

tion of the Deutsche mark on October 26,1969. The increase in principal dollar equiva­lent is offset by a corresponding decrease of interest cost over the reraaining term of the security pursuant to revaluation clause as agreed upon with the Deutsche Bundesbank.

14 The principal dollar equivalent of this security increased as a result of the revalua­tion of the Deutsche mark on October 26, 1969. The increase in the principal amount will be absorbed by the Exchange Stabilization Fund upon redemption.

NOTE: Reports of issues and retirements of Treasury biUs broken down as to exchange and cash were discontinued effective with the bUls issued on Mar. 12, 1970.

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TABLE 35.- -Allotments hy investor classes on subscriptions for puhlic marketable securities, fiscat year 1970 [In mUlions of dollars. On basis of subscription and aUotment reports]

PARTI .—TREASURY BILLS OTHER THAN REGULAR WEEKLY SERIES

D a t e of financ- . D a t e of m a t u r i t y

ing

1969 Tnlv 18 j D e c . 22, 1969. . . j m y 18 JMar. 23, 1970 Tnlv - l | A p r . 30, 1970 •^^ly '^l \ J u l y 31, 1970.. . . . . . ^ Ol (May 31, 1970

A u g . 6i JAug. 31, 1970 Spnt ^0 | J u n e 3 0 , 1970 bep t . 3U | ggp^ 3Q g7Q_ _ Oct . 14 A p r . 22, 1970 Oct . 29 J u n e 22,1970. . . . . Opt qi ( Ju ly 31, 1970 .

Nov Ofi (Apr . 22, 1970 NOV. 2b Jj^j^g22, 1970.. Nov on (Aug . 31, 1970 . . . JNOV. 60 | ^ Q ^ _ 3Q ^970 r>pn ^1 (Sept . 30, 1970 u e c . 6 i JDec . 31 ,1970 . .

1970 j ^ ^ o. (Oct . 31, 1970 •^^'^' 31 | J a n . 3 1 , 1971 Fph OQ ( N o v . 30, 1970 J^eD. ZiS j j , g ^ 28, 1971 . . Mar . 3 A p r . 22 1970 Mar. 26 Sept . 22, 1970 Mar ^1 ( D e c . 3 1 , 1 9 7 0 . . . . . . . . . . . . . ^ ^ ^ ' 31 JMar. 31, 1971 Anr SO ( Jan . 31, 1971 A p r . 60 J^p^, 3Q jg^^ _ _ M«v " l ( F e b . 28, 1971 M a y 31 j j ^ ^ y 3^^ jg^^ T,nr,o ^n (Mar. 31, 1971

• ^^ ^Mjune3o,i97i.....:.:::... Footnotes a t end of tab le .

Average ra te

(percent)

6.775 . . 7.202 . . 7.407 . . 7.313 7.387 . . 7.340 7.357 . . 7.350 7.284 . . 7 . 2 0 4 . . 7.244 . . 7.127 7 . 0 1 4 . . 7.975 . 7.777 . . 7.591 7.801 . . 7.561

7.724 . . 7.533 6.995 . . 6.932 6.549 . . 6.177 . . 6.101 . : 6.132 6.843 6.814 7.353 . . 7.277 7.068 . . 7.079

1-year series

1, 202 .

1,201 .

1,005 .

1,003 .

1,001 .

1,002 .

1,003 .

1,200 .

1,201 .

1,200 .

1,200 .

1,201 .

A m o u n t issued

9-month series i

500 .

' " " ' 6 5 5 "

.... .....

500 .

501 . -----

502 .

" " 5 5 5 " "

500 .

'5'o"6'."

" " ' 5 6 5 ' ]

501 -

Tax antic­ipa t ion series

1,763 . 1,752 .

2,007 .. 3,004 .

4 1,007 .. 4 1,504 ..

4 1, 753 . 1,758 .

U . S . Govern-Other m e n t accounts series a n d Federa l

Reserve b a n k s

150 367 180 348

75 350

--g-312

139 287 116 259

200 328 150 269

----279 125 336 125 315 125 333

AUotments b y investor classes

Commerc ia l b a n k s

1,733 1,722

171 349 190 427 139 322

2,004 . 2,971 .

161 128

1,002 . 1,497 .

61 228 157 305

77 215 106 151

1,745 . 1,749 .

133 317 176 303 141 179 145 324

Corpora­t ions 2

(*)

(*)

(*)

1 3 1

12 12 7 1 8

11

27 10 2

16 14 11 2

.... 21

2 12 22

6 19

Dealers a n d brokers

(*) (*)

168 391

97 309 266 190

201 450

254 336 194 318

184 266 201 600

"194" 438 170 398 164 546 170 396

AU others s

29 27 10 83 21

110 19

135 3

33 13

102 5 7

47 123 23

118

25 180

32 178

8 9

47 146 29

161 58

138 55

129

ZP H >

HH

0

> >

w t--{

[xl

bO 0 00

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

to o F 4 ^

TABLE 35.—Allotments hy investor classes on subscriptions for puhlic marketable securities, fiscal year 1970—Continued [In mill ions of dollars] '

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 AUotments b y investor classes

td & Hd o

o

W

ZP

o

yri > pi Kl o

M

?d

ZP

d

D a t e of financing

Descr ipt ion s

A m o u n t issued

I n ex-For change for

Cash other secm-ities

U . S . Gov­e r n m e n t accounts a n d Fed­

eral Reserve b a n k s

Cora­mercial b a n k s 6

Ind i ­v idu­als 7

Insur­ance com­panies

M u t u a l savings b a n k s

Corpo­ra t ions

S ta te a n d local P r i v a t e governraents» pension a n d re- Pens ion

t i reraent a n d retire- Other funds raent funds funds

Dealers and

brokers

537 240 136 380

86 241 345 270 157 146

All other 9

184 381 65 56

243 112 64 349 314 71

Aug . 15 7 K % note , F e b . 15, 1971-D 2,924 125 1,438 301 38 [8% note . May 15, 1971-E 4,176 564 2,111 217 65

Oct. 1 - ^ 7 ^ % note , May 15, 1973-A 1,160 125 660 87 23 l7M% note , A u g . 15, 1976-C 1,683 564 476 96 29

1970 f8K% note , Aug . 15, 1971-F 2,255 292 1,175 85 47

F e b . 15 ^ 8 H % note , A u g . 15, 1973-B 1,846 288 942 51 17 [8% note , F e b . 15, 1977-A 1,856 458 746 48 38 (7M% note , N o v . 15, 1971-G 3,665 7,064 7,005 2,352 391 7

May 15 -^7%% note , May 15, 1973-A 4 4,686 2,421 1,442 171 23 [8% note , F e b . 15, 1977-A 4 3,313 2,125 819 53 7

52 42

20 17 14 15 28 19

62 254

12 31

169 76 47 34 33

6

31 15 4

6 11

2 13

1 1 2

150 276 37 24

125 97 77

297 90 55

•Less t h a n $500,000. 1 Addi t iona l issue of biUs w i t h original m a t u r i t y of 1 year . 2 Exclusive of b a n k s a n d insurance companies . 3 Includes indiv iduals , insurance companies , m u t u a l savings b a n k s , p r iva te pension

funds. S ta te and local funds, savings and loan associations, nonprofit ins t i tu t ions , a n d inves tments of foreign balances a n d in ternat ional accounts in th is coun t ry . Also includes certahi Gove rnmen t deposit accounts and Government-sponsored agencies.

4 Reopening of earlier issue. 6 Excludes l y percent T rea su ry E A a n d E O notes issued in exchange for nonmarke t ­

able 2 ^ percent T r e a s u r y b o n d s . I n v e s t m e n t Series B-1975-80. 6 Inc ludes t rus t companies and stock savings b a n k s .

7 Includes par tnersh ips and personal t r u s t accounts . 8 Consists of t rus t , s inking, a n d i nves tmen t funds of S ta te and local g o v e r n m e n t s ,

a n d their agencies. 9 Includes savings a n d loan associations, nonprofit ins t i tu t ions , and inves tmen t s of

foreign balances and in terna t ional accounts in th is coun t ry . Also includes certain Gove rnmen t deposit accounts a n d Government-sponsored agencies.

N O T E . — A U o t m e n t s frora J u l y 15,1953, th rough May 15,1959, wiU be found in the 1959 a n n u a l report , p p . 628-530. For succeeding fiscal years see corresponding tables in succes­sive annua l reports and for cu r ren t figures see raonthly " T r e a s u r y Bu l l e t i n . "

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 36.—Allotments of Treasury notes issued during the fiscal year 1970, by Federal Reserve districts

[In thousands]

Federa l Reserve d is t r ic t

7% percent Series D-1971 • notes issued tn exchange for 6 percent Series

C-1969 T rea su ry notes m a t u r h i g Aug . 15,1969 1

8 percent Series E-1971 notes issued in exchange for i— 7M percent Series A-1973 notes issued hi exchange for i

l y percent Series EO-1969 T rea su ry notes

m a t u r i n g Oct. 1, 1969

4 percent T r e a s u r y

bonds of 1969 m a t u r i n g

Oct . 1, 1969

2 y percent T r e a s u r y

bonds of 1964-69 m a t u r i n g Dec . 15,1969

T o t a l issued

l y percent Series EO-1969 Treasu ry notes

m a t u r i n g Oct . 1,1969

4 percent T rea su ry

bonds of 1969 m a t u r h i g

Oet. 1,1969

2 y percent T r e a s u r y

bonds of 1964-69 m a t u r i n g Dec . 15,1969

T o t a l issued

ZP

) — I

ZP H^ t—I

o > > hj Hd

300 100 550

Bos ton $118,605 $1,560 $150,857 $5,523 $157,940 $146 N e w Y o r k 1,362,457 24,966 1,531,123 460,206 2,016,295 390 Ph i l ade lph ia 86,286 788 95,810 35,191 131,789 1,720 Cleveland 190,604 3,081 150,375 40,228 193,684 R i c h m o n d : 75,579 1,275 98,028 26,607 125,911 A t l a n t a 132,686 1,661 132,303 14,051 148,014 100 Chicago 383,529 5,267 393,637 129,632 528,536 S t . L o u i s 128,052 1 ,967- 149,328 39,217 190,511 Mhineapolis 62,430 112 69,061 14,574 83,747 K a n s a s C i t y 133,325 2,456 149,889 34,601 186,946 DaUas 87,832 1,075 77,978 10,574 89,627 S a n F r a n c i s c o 142,290 7,070 161,577 146,827 315,474 5,825 T r e a s u r y 19,958 4,438 3,581 8,019 100

T o t a l aUotments Exchanged in concurrent oflerhig.

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 eligible for exchange 158,926 6,239,832 2,484,310 8,883,068 158,926

$20,403 274,686

25, 758 66,154 16, 369 30,940

236,982 57,117 30,170 43,476 23,945 40,874 1,990

$2,491 176, 561 10,024 14,309 4,266

10, 946 23, 882 10,256 4,574 6,949 4,237 7,082

$23,040 451, 637

37, 502 80,463 20, 635 41,986

264, 555 67, 673 34,844 50,975 28,182 53, 781

5,178

2,923,633 51, 278 15, 250

66, 528 92,398

3,164,404 1,978,026

5,142,430 1,097,402

960,811 850,139

1, 810,950 673, 360

4,176,493 2, 843,415

7,019,908 1,863,160

12,922 53, 606

66, 528 92, 398

868, 864 4,273, 566

5,142,430 1,097,402

278, 665 1, 532, 286

1,810,951 673, 359

1,160,451 5, 859,458

7,019,909 1,863,159

6,239, 832 2,484,310 8, 883, 068

F o o t n o t e a t end of t ab le .

O

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CO

o

T A B L E 36.—Allotments of Treasury notes issued during the fiscal year 1970, by Federal Reserve distr icts—Continued

71^ percent Series C-1976 notes issued in exchange for 1 s y percent Series F-1971 notes issued in exchange for 1—

814 percent Series B-1973 notes issued in exchange for 1—

Federal Reserve district l y percent

Series EO-1969 Treasmy notes

maturing Oct. 1, 1969

4 percent Treasmy bonds of

1969 maturing

Oct. 1, 1969

2 y percent Treasury bonds of 1964-69

matming Dec. 15, 1969

Total issued

4 percent Treasury bonds of

1970 maturing Feb. 15, 1970

2 y percent Treasm-y bonds of 1965-70

maturing Mar. 15, 1970

Total

4 percent Treasmy bonds of

1970 raaturing Feb. 15, 1970

2 y percent Treasury bonds of 1965-70

maturing Mar. 15, 1970

2,484,310 8,883, ( 4, 381,419 2, 279, 973 6, 661, 392 4,381,419

Total issued

Boston... $25 $25,494 $2,092 $27,611 $32,240 $29,006 $61,246 $28,743 $11,271 $40,014 NewYork 1,388 753,429 435,298 1,190,115 722,163 390,235 1,112,398 591,964 388,504 980,468 Philadelphia 80 21,186 6,488 27,754 65,337 22,642 87,979 32,339 7,318 39,657 Cleveland 43,506 8,117 51,623 95,095 13,135 108,230 89,437 16,709 106,146 Richmond 11,545 2,674 14,219 52,444 20,278 72,722 25,822 6,040 31,862 Atlanta 500 23,836 2,770 27,106 60,116 9,006 69,122 48,880 3,728 52,608 Chicago. 335 115,970 85,580 201,885 193,530 72,678 266,208 214,620 71,396 286,016 St.Louis 21,691 6,038 27,729 64,009 27,263 91,272 59,445 12,748 72,193 Minneapolis. 13,780 13,483 27,263 27,077 5,386 32,463 26,434 3,495 29,929 KansasCity 25,049 3,283 28,332 63,631 13,930 77,561 59,451 9,352 68,803 Dallas - 14,633 1,682 16,315 111,484 7,168 118,652 42,293 1,581 43,874 SanFrancisco. 36,082 3,189 39,271 82,466 62,720 145,186 28,735 56,610 85,345 Treasury 2,961 781 3,742 12,457 1,874 14,331 1,821 370 2,191

Total aUotments 2,328 1,109,162 571,475 1,682,965 1,582,049 675,321 2,257,370 1,249,984 589,122 1,839,106 Exchanged in concurrent

offering . . . 64,200 4,033,268 1,239,476 5,336,944 2,390,655 1,304,480 3,695,135 2,722,720 1,390,679 4,113,399

Total exchanged 66, 528 5,142,430 1,810, 951 7,019, 909 3,972, 704 1, 979,801 5, 952, 505 3, 972, 704 1, 979,801 5, 952, 505 Not submitted for exchange. 92,398 1,097,402 673,359 1,863,159 408,715 300,172 708,887 408,715 300,172 708,887

Total eligible for exchange 158,926 6,239,832 2, 279, 973 6, 661. 392

o

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y ^

o

M

ZP

a

y ^ > y <

o

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W

H^

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Footnote at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T A B L E 36.—Allotments of Treasury notes issued during the fiscal year 1970, by Federal Reserve districts—Continued

Federa l Reserve dis t r ic t

Bos ton N e w Y o r k Ph i l ade lph ia Cleveland R i c h m o n d A t l a n t a Chicago 1 . . . St . Louis . Minneapolis Kansas C i ty . . Dal las San Francisco Treasm-y

T o t a l aUotraents Exchanged in concurren t

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 eligible for exchange

8 percent Series A-1977 notes issued in exchange for i—

4 percent T reasu ry bonds of

1970 m a t u r i n g F e b . 15, 1970

: $50,740 647, 790

20,163 63,478 17,562 37,992

159, 757 33, 880 21,168

"26,364 19, 876 46, 890

5,011

1,140, 671

2, 832, 033

3, 972, 704 408, 715

4, 381, 419

2 y percent T r e a s m y bonds of 1965-70

m a t u r i n g Mar. 15, 1970

$13, 874 565, 265

8,031 19, 732 2,154 6,519

40, 604 5,316 3,027

11, 472 19,147 19,353

864

715,358

1, 264, 443

1, 979, 801 300,172

2, 279, 973

T o t a l ' issued

$64,614 1, 213, 055

28.194 73, 210 19, 716 44,611

200,361 39,196 24.195 37, 836 39, 023 66, 243 5,875

1, 856, 029

4, 096, 476

6, 952,505 708, 887

6, 661, 392

7% percent Series A-1973 notes issued in exchange for i—

b y percent Series B-1970

Treasury notes m a t u r i n g

May 15, 1970

$15, 668 2,832,427

26, 310 56,108 30,870 92,964

160,932 74,343 34,861 62,210 29,539 73,586

7,472

3,497,290

2, 670,398

6,167,688 1, 625,127

7, 792, 815

6H percent Series C-1970

Trea su ry notes m a t u r i n g

May 15, 1970

$35,124 407,372

47,143 64,160 24,214 91,272

235,891 90,042 30,084 72,758 47,990 36, 640 3,265

1,185,955

636,448

1,822,403 6, 941,122

8, 763,525

T o t a l issued

$50,792 3,239,799

73,453 120,268

55,084 184,236 396,823 164,385

64,945 134,968

77,529 110,226

10,737

4, 683,245

3,306,846

7,990,091 8, 566,249

16, 556, 340

8 percent Series A-1977 notes issued in exchange for i—

b y percent Series B-1970

Treasm-y notes m a t u r i n g

May 15, 1970

$14,737 2,314,300

9,954 28, 629 15,323 35,427

127,216 27,692

9,991 21,465 16,203 47,299

2,162

2, 670,398

3,497,290

6,167,688 1, 625,127

7, 792, 815

6 ^ percent Series C-1970

Trea su ry notes m a t u r i n g

May 15, 1970

$16,213 244,623

24,277 24,169 10,152 53,355

113,073 37,044 17,040 26,316 20,484 43,206

6,496

636,448

1,185,955

1, 822,403 6, 941,122

8,763,525

T o t a l issued

$30,950 2, 558,923

34,231 52,798 25,475 88,782

240,289 64,736 27,031 47,781 36,687 90,505

' 8,658

3,306, 846

4,683,245 .

7,990,091 . 8,566,249 .

16,556,340 .

7% percent Series G-1971 notes 1

$209,458 8,233, 569

147,427 196,688 249, 945 159,437 556, 280 192,718 136,139 110, 691 87,051

458,342 5,464

10, 743,209

ZP

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'A

I All subscriptions were allotted in fuU.

to o

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208 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 37.—Statutory debt retirements, fiscal years 1918-70 [In thousands of dollars. On basis of par amounts and of daily Treasury statements through 1947, and on

basis of Public Debt accounts thereafter, see "Bases of Tables"]

Fiscal year

1918-35 1936 1937 1938. 1939 1940. 1941 1942. 1943 1944. . . 1945 1946 1947 1948 . . 1949 1950 1961 1952. 1953 1954 1955 1956. 1957 1958 1959 1960 1961 . . 1 9 6 2 . . 1963 . . . 1964 . . 1965 1966 1967 . .

C u m u ­lat ive

s inking fund

5,349,836 403, 238 . 103,815 65,116 48, 518

: 128,349 . 37,011 . 75,342 . 3,460 .

- 1 .

746, 636 . 7, 498 . 1,815 .

839 . 551 . 241 .

762,627 .

- 5 7 .

1, 000, 000 .

Repay­m e n t s of foreign

deb t

1,679,132

142 210 120

Bonds a n d

notes received

for estate taxes

66,278

Bonds received for loans

from P u b l i c Works

Adminis ­t ra t ion

" " 8 , ' 6 9 5 " 134

1,321 668

8,028

F r a n ­chise tax receipts . Federa l Reserve

b a n k s

149,809

P a y m e n t s from ne t earnings Federa l

inter­med ia te

credit b a n k s

2,505 .

I, loi". 685 . 548 315

1,634 178 . 261 394 . 300 . 285 . 387 . 231 . 462 . 139 .

Com­m o d i t y Credi t Corpo­rat ion capital repay­m e n t s

""25, '364' 18,393

45, 509

"""48," 943'

Miscel­laneous

gifts, forfeit-m e s , e tc .

115,954 1

14 139

12 16 16

5 4 3 2 4

(?) 3 209, 828

3 81 3 690

41,000 »58, 000

6 73,100 7 12,336

T o t a l

7,163, 514 403,240 103,971 65, 465 58,246

129,184 64, 260 94, 722 3,463

2 2 4

1, Oil, 636 7,758

51, 709 1,232

851 526 387 231

763,089 139

—67

1, 000, 000 1,000

58, 000

73,100 12,336

1968 1969 1970

To ta l 8,734,833 1, 579,605 66, 278 18, 246 149,809 9,825 138,209 371, 205 11, 068, Oil

1 Includes $4,842,066.45 written ofl the debt Dec. 31,1920, for fractional cmrency estimated to have been lost or destroyed in chculation.

2 Beginning with 1947, bonds acquired 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 will never be presented for redemption.

5 Represents $15,000,000 national bank notes, $1,000,000 Federal Reserve bank notes, and $15,000,000 sUver certificates, al] j ssued 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 of which have been determined pursuant to 31 U.S.C. 912-916 to have been destroyed or irretrievably lost.

6 Represents $24,000,000 U.S. notes, $1,000,000 Federal Reserve bank notes. $13,500,000 national bank notes, and $14,500,000 sUver certiQcates, aU issued before July 1,1929; $6,000,000 gold certtficates prior to 1934 series; $100,000 Treasmy notes of 1890; and $14,000,000 Federal Reserve notes (prior to series of 1928); aU of which were determined on Nov. 16, 1964, pmsuant to 31 U.S.C. 912-916, to have been destroyed or irre­trievably lost.

^ Represents $142,000 U.S. notes, $63,000 Federal Reserve bank notes, $420,000 national bank notes, and $280,000 sUver certificates, all issued before July 1,1929; $8,950,000 gold certificates prior to 1934 series; $31,000 Treasm-y 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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STATISTICAL APPENDIX 209

T A B L E 38.—Cumulative sinking fund, fiscal years 1921-70

[On basis of Public Debt accounts, see "Bases of Tables"]

PART I.—APPROPRIATIONS AND EXPENDITURES

[In mUlions of doUars.]

Fiscal year Appropria­tions

1921-46 11,73L9 1947 587.6 1948 603.5 1949 619.6 1950 619.7 1951 619.8 1952 619.8 1953 619.8 1954 619.8 1955 619.8 1956 623.8 1957.. 633.3 1958 . 633.3 1959 633.3 1960 633.3 1961 657.1 1962... . 680.8 1963.... 680.8 1964 680.8 1965 680.8 1966 680.8 1967 680.8 1968 . . -- 680.8 1969 680.8 1970 680.8

Total 27,203.2 Deduct cumulative expenditures 8,727.1 ^

Available for expendi- -tme dmmg

yeari

6,525.0 6,112. 6 . 6,716.0 6.589.0 7,201.2 7,819.2 8.438.1 9,057. 4 9, 676. 9 .

10,296.7 . 10, 920. 6 10, 791.2 . 11,424.5 . 12,057. 9 . 12,69L3 . 13,348.4 13.029.3 . 13,710.1 . 14,39L0 . 16,071. 8 . 15,762. 7 . 16,433. 5 . 17.114.4 . 17, 795. 2 . 18,476.0 .

Debt rethed 2

Par amount

6,214. 7

746.6 7.5 L8 .8 .6 .2

762.6

1, 000. 0

8, 734. 8

Cost (principal)

6,207.0

746.6 7.5 L8 .8 .6 .2

762.6

1,000.0

8,727.1

Unexpendedbalance 18,476.1 . .

PART II.—TRANSACTIONS ON ACCOUNT OF THE CUMULATIVE SINKING FUND FISCAL YEAR 1970

Unexpended balance July 1,1969 $17,795,207,402.66 Appropriation for 1970 :

Initial credit: (a) Under the Victory Liberty Loan Act (2^ percent of the

aggregate amount of Liberty bonds and Victory notes outstanding on July 1, 1920, less an amount equal to the par amount 01 any obligation of foreign govermnents heldbythe 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 (2ir percent of the aggregate amount of expenditmes from appropria­tions made or authorized under this act) 80,164,079.53

Total initial credit 341,429, 55L 23 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 1970 18,476,056,488.13

Unexpended balance June 30,1970 2 18,476,056,488.13

1 Represents appropriations authorized by Congress. There are no specific funds set aside for this account since any retirements of public debt charged to this account are made from cash balances to the credit of the Treasurer ofthe United States.

2 Net discount on debt rethed through June 30,1970, is $7.7 million.

NOTE.—Comparable annual data for 1921 through 1946 are shown in the 1962 annual report, p. 726.

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210 19 70 REPORT OF THE SECRETARY OF THE TREASURY

III. U.S. savmgs bonds and notes

T A B L E 39.—Sales and redemptions of Series E through K savings bonds by series, fi.scal years 1941-70 and monthly 1970 ^ 2

[In miUions of dollars]

Fiscal year or m o n t h

1941-55. 1956 1957 1958 1959 1960 1961 1962. 1963 . . . . 1964 1966 1966 1967 . 1968. 1969 1970

T o t a l th rough J u n e 30, 1970..

1969—July A u g u s t Sep tember October N o v e m b e r December

1970—January F e b r u a r y M a r c h . Apr i l May J u n e _-_

1941-65 1956 1967 1958 1959 I960 . . . . 1961 1962 1963 1964 1965 1966 1967 1968. . . . . — 1969 1970

To ta l th rough J u n e 30, 1970..

1969—July Augus t September October N o v e m b e r December

1970—January F e b r u a r y March _ A p r U . . . . M a y J u n e

Footnotes a t end 0:

Sales

. . 79,203.6

. . 5,259.9

. . 4,613.0

. . 4,670.1

._ 4,506.0

._ 4,307.0

. - 4,463.7

. - 4 ,42L5

. - 4,518.0

. . 4,656.4

. - 4,543.0

. . 4,660.1

. - 4,965.4

._ 4,738.9

. . 4,649.7

. . 4,449.2

. . 148,515.5

388.7 347.6 32L1 403.7 274.3 345.7 380.6 382.8 426.7 365.7 366.7 446.6

. - 31,096.5 586.3 268.4

:: 8

. . 31,95L2

f table .

Accrued discount

9,183.8 1,114.1 1,132. 6 1,160. 7 1,174. 5 1,194. 2 1, 253. 7 1,331. 0 1, 386. 5 1,468. 0 1, 602.1 1, 541. 6 1, 618. 6 1, 730. 7 1, 787. 7 1,841. 4

30, 411. 0

167.8 138.4 159.3 15L8 142.7 169.2 172.4 15L2 160.2 156.8 137.3 134.4

836.9 99.6 83.4 65.2 53.6 46.0 32.1 27.4 2 L 6 .17.7 14.9 12.1 7.8 3.9 L 2

1, 323. 2

Sales p lus

accrued discount

88,387.4 6,374. 0 5, 745. 5 5, 830. 8 5, 680. 4 5, 501. 2 5, 717. 4 5, 752. 5 5, 904. 5 6,114. 4 6, 045.1 6,191.7 6,583. 9 6,469. 5 6, 337. 5 6, 290. 6

178, 926. 6

556.5 486.0 480.4 555.5 417.0 514.8 553.0

• 534.0 586.8 522.6 504.1 680.0

Redempt ions

To ta l Original

purchase price

Series E and H

49,102. 2 4, 730.1 5,176. 2 5,187.1 5,106. 8 5, 602. 2 4, 626. 7 4, 603. 3 4, 500. 5 4, 736. 3 4, 987.4 5, 304. 6 5,448. 7 5, 714. 7 6,198. 2 6, 720. 6

127,645. 6

634.4 536.2 532.9 570.1 420.7 477.6 654.6 583.2 660. 3 562.9 48L9 605. 9

Series F , G,

31, 933.3 686.0 35L8 65.2 53.6 46.0 32.1 27.4 2 L 6 17.7 14.9 12.1 7.8 3.9 L 2

33, 274.4

12, 634. 4 3,104.8 3, 773.5 3, 350. 6 2,137. 2 3,049. 3 1,188.0 1,109. 9

770.7 426.3 357.5 418.3 472.3 266.0 140. 0. 27.0

33,225. 7

2.9 3.6 4.9 3.6 1.4 1.6 L 8 L 3 L 8 1.5 L 3 L 4

45, 969. 3 4,069.1 4,444. 0 4, 431. 9 4, 309. 8 4, 616. 3 3, 905. 8 3, 872. 7 3, 758. 6 3, 981. 8 4,154.1 4,407. 5 4, 535. 7 4, 738. 6 5,112. 2 5,484. 0

111, 791. 3

622.8 44L7 443.3 470.1 350.4 392.9 52L0 477.7 638.1 453.0 387.8 486.1

J, a n d K

12,298. 8 2,940.6 3,605. 0 3,234. 6 2,063.4 2,921. 2 1,128. 8 1,059.0

721.7 399.8 333.1 383.7 434.2 239.1 124.3 23.7

31,91L 1

2.4 3.3 4.6 3.2 L 2 L 2 L 6 1.1 L 6 L 3 LO L 2

Accrued discount

3,132. 9 660.9 732.2 755.3 797.0 885.9 720.8 730.6 742.0 754.5 833.3 897.1 912.9 976.1

1, 086. 0 1, 236. 6

15, 854.1

11L6 94.5 89.6

100.0 70.2 84.7

133.6 105.6 122.2 109.8 94.1

120.8

335.6 164.2 168.5 115.9

73.8 128.1 59.1 50.9 49.0 26.6 24.4 34.5 38.1 26.8 15.7 3.3

1,314. 5

. 4

. 3

. 3

. 3

. 2

. 4

. 2

. 2

. 3

. 1

. 2

. 3

Amo outstan

In teres t -bearing

39, 285.1 . 40,929.1 . 41,498.6 . 42,142. 2 . 42,715.8 . 42,714.8 . 43, 805. 6 . 44,954.8 . 46.358.8 . 47.736.9 . 48,794.5 . 49,68L6 . 50,816. 9 . 51,57L7 . 51, 710. 9 . 61, 281. 0 .

61,281. 0 .

51,633. 0 . 51, 582. 8 . 61,530.3 . 51, 516. 7 . 51, 512.1 . 51, 549.4 , 51.447.7 . 51.398.5 . 51,325. 0 . 51.284.6 . 51.306.8 . 61,281. 0 .

19, 080. 3 16,567.6 13,123. 5 9,842.2 7,786.7 4, 829. 0 3, 708. 7 2,651.9 1,954.9 1, 662.6 1, 248.1

856.7 396.6 140.0

u n t Lding 3

M a t u r e d non­

interest-bearing

218.4 312.8 334.7 33L0 302.8 257.3 22L6 195.8 143.7 127.4 99.3 85.5 80.2 74.7 76.8 48.7

48.7

72.9 69.3 64.3 60.8 69.3 57.7 56.0 54.7 52.9 5L4 60.2 48.7

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 211

TABLE 39.—Sales and redemptions of Series E through K savings bonds by series. fiscal years 1941-70 and monthly 1970 12—Continued

Fiscal year or m o n t h

1941-55 1956. . . . 1957 1958. 1959.. 1960 1961 . . . . 1962 1963 1964.. 1965 1966 1967...-1968.. 1969 1970

. To ta l through J u n e 30, 1970.. .

1969- Ju ly Augus t September October Noveraber Deceraber

1970—January F e b r u a r y M a r c h . AprU . May J u n e

1952-55 1956 1957 1958 1959 I960 . . . . 1961 1962 1963. 1964 1965 1966 1967 1968 1969 1970

To ta l through J u n e 30, 1970.. .

1969—July Augus t Septeraber October Noveraber December .

1970—January . . . F e b r u a r y M a r c h . . A p r U . . May J u n e

Sales

. 77,018.7

. 4,219.3

. 3,919.2

. 3,888.6

. 3,688.0

. 3,603.2

. 3,689.2

. 3,674.3

. 3,914.0

. 4,135.6

. 4,112. 3 ,- 4,245.7 . 4,598.8 . 4,465.8 . 4,343. 2 . 4, 288.8

. 137,804.7

374. 2 334. 0 309.1 391.1 264.8 334. 2 362. 5 364.7 413. 2 354.5 355. 0 431. 6

. 2,184. 9 .

. 1,040.6 . 693. 8 . 781. 6 . 818. 0 . 703.9 . 774. 5 . 747. 2 . 604.1 . 520. 8 . 430. 7 . 404.4 . 366. 6 . 273.1 . 206. 5 . 160. 4 .

. 10,710.9 .

14. 5 . 1 3 . 6 . 12. 0 . 12.6 . 9.5 .

1L4 . 18.1 . 18. 0 . 1 3 . 5 . n . 2 . n . 7 . 1 4 . 1 .

Accrued dis­

count

9,183.8 1,114.1 1,132.6 1,160. 7 1,174. 5 1,194. 2 1, 253. 7 1, 331. 0 1,386. 5 1,458. 0 1, 502.1 1, 541. 6 1, 618. 6 1, 730. 7 1, 787. 7 1, 841. 4

30, 411. 0

167.8 138.4 159.3 15L8 142.7 169.2 172. 4 15L2 160.2 156.8 137.3 134.4

[In mill ions of doUars]

Sales -plus

accrued discount

86,202. 5 5,333.4 5, 051. 8 5, 049. 3 4,862. 5 4, 797. 4 4,942. 9 5, 005. 3 5,300. 4 5, 593.6 5,614. 4 5, 787. 3 6, 217. 3 6,196.4 6,130. 9 6,130. 3

168,215. 7

642.0 472.4 468.3 542.9 407.5 503.4 534.9 615.9 573.4 5 n . 2 492.4 565.9

2,184.9 1,040. 6

693.8 78L6 818.0 703.9 774.5 747.2 604.1 620.8 430. 7 404.4 366.6 273.1 206.5 160.4

10, 710. 9

14.5 13.6 12.0 12.6 9.5

n . 4 18.1 18.0 13.5 n . 2 n . 7 14.1

Redempt ions

To ta l Original

pur ­chase price

Series E

49 016 1 4,622.0 4,980. 6 4,951.0 4,889.4 5,180. 6 4, 393. 8 4, 343. 3 4, 202.9 4,363.1 4, 538.4 4,800. 6 4,895. 3 5,154.1 5, 547. 8 5,958.9

121,837. 7

557.8 477.5 47L3 499.9 365.9 423.3 588.7 514.5 58L9 499.3 429.6 549.1

45,883.2 3,961.0 4, 248. 5 4,195. 8 4,092.4 4,294.7 3,672.9 3,612. 6 3,461.0 3,608.6 3,705.0 3,903. 6 3,982.4 4,178. 0 4,461.8 4,722.3

105,983.7

446.2 382.9 38L8 399.9 295.6 338.7 455.1 409.1 459.7 389.4 335.6 428.3

Series H

86.1 108.1 195.5 236.1 217.4 32L6 232.9 260.1 297.5 373.3 449.0 504.0 553.4 560.6 650.4 76L8

5, 807.9

76.6 58.8 6L6 70.1 54.8 54.2 65.9 68.6 78.4 63.6 52.3 56.8

86.1 108.1 . 195.5 . 236.1 . 217.4 . 32L6 . 232.9 . 260.1 •. 297.5 . 373.3 449.0 . 504.0 . 553.4 . 560.6 . 650.4 . 76L8 .

5,807.9 .

76.6 58.8 . 6 L 6 . 70.1 . 54.8 . 54.2 . 65 9 68.6 . 78.4 . 63.6 . 52.3 . 56.8 .

Accrued dis­

count

3,132.9 660.9 732.2 755. 3 797.0 885.9 720.8 730. 6 742.0 754.5 833.3 897.1 912.9 976.1

1, 086. 0 1,236. 6

15,854.1

i n . 6 94.5 89.6

100.0 70.2 84.7

133.6 105.5 122.2 109.8 94.1

120.8

Ex­changes

OfE

A r a o u n t out­

s tand ing bonds for ( interest-H bonds

20L3 188.3 218.6 19L3 206.3 188.1 212.5 216.1 195.6 183.7 209.5

2,211. 2

19.0 14.2 13.7 14.9. n . i 13.5 17.2 20.9 24.4 20.5 18.3 2L9

20L3 188.3 218.6 191.3 206.3 188.1 212.5 216.1 195.6 183.7 209.5

2,211.2

19.0 14.2 13.7 14.9 n . i 13.5 17.2 20.9 24.4 20.5 18.3 2L9

bearing)

37,186.4 37,897. 8 37,969. 0 38,067. 2 38, 040. 3 37,455. 7 37,816.6 38,260.1 39,166. 2 40,190.4 41,078.4 41,852.6 42,958. 6 43,805.4 44,204.9 44,166.7

44,166. 7

44,170.0 44,150. 8 44,134.1 44,162. 2 44,192.7 44,259.2 44,188.2 44,168.8 44,135.8 44,127.3 44,171.8 44,166.7

2,098.7 3,031.2 3,529. 6 4,075.0 4,675. 5 5,259.1 5,989.0 6,694.7 7,192. 5 7, 546.4 7,716.1 7,829.0 7,858.2 7,766.3 7, 506.1 7,114.2

7,114.2

7,463.0 7,432.1 7,396. 2 7, 353.6 7,319.4 7,290.1 7,259.5 7,229.7 7 189.2 7,157.3 7,134.9 7.114.2

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

212 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 39.—Sales and redemptions of Series E through K savings bonds hy series, fiscal years 1941-70 and monthly 1970 ^ 2—Continued

Fiscal year or m o n t h Sales Accrued discount

Sales plus

accrued discount

. Redempt ions

Tota l Original Accrued purchase discount

price

A m o u n t ou ts tanding

Interest bearing

Matured non­

interest-bearing

Series F '

1941-55 1956 1957 ". 1958 1959 1960 1961 1962. . . . 1963.. 1964 1965 1966 1967 1968 1969 . 1970 . . . [ . ,

T o t a l through J u n e 30, 1970

1969—July Augus t September October

1970—January F e b r u a r y

Apr i l M a y .

1941-55. . . 1956 1957 . 1958 1959 . . 1960 1961. 1962 1963 1964 1965 1966 1967 1968... 1969 1970

To ta l through J u n e 30, 1970.....

1969 - Ju ly . . . . " A u g u s t September

N o v e m b e r

1970—January F e b r u a r y March A p r U . . . . M a y . J u n e

4,957. 6 (*)

(*) (*)

. . .4 ,957.7

23, 437. 9

. .23,437.9

826.9 87.7 67.5 47.1 35.7 27.8 15.4 10.6 5.0 L 4

(*)

1,125.1

5, 784.5 • 87.7 67.5 47.1 35.7 27.8 15.4 10.6 5.0 L 4

(*)

6, 082. 8

23,437. 9

23, 437. 9

2,800.0 665.3 709.3 487.9 285.2 483.5 212.3 177.9 167.4 67.3 8.6 3.4 2.7 2.1 L 3 L 4

6, 075. 5

. 1

. 1

. 1

. 2

. 1

. 1

. 1

. 1

. 2

. 1

. 2

. 1

2,464.8 502.3 544.8 377.6 215.3 370.3 157.9 132.5 124.3 49.9 6.4 2.6 2.0 L 6 LO LO

4,954. 2

. 1 (*)

(*) '

Series G

9,743. 5 2,300. 5 2, 719. 5 2, 506. 5 1, 668. 6 2, 055. 9

843. 9 805.4 496.6 196.8 3 L 5 16.0 10.4 6.9 6.1 4.8

23, 412. 8

. 3

. 5

. 5

.4

.2

. 4

. 5

. 3

. 6

.6

. 2

. 3

9,743. 5 . 2,300.5 . 2.719.5 . 2, 506. 5 . 1.668.6 . 2,055.9 .

843.9 . 805.4 . 496.6 . 196.8 . 3 L 5 16.0 . 10.4 6.9 6.1 4.8

23,412.8 .

. 3

. 5

. 5

. 4

. 2

. 4

. 5

. 3

. 6

.6

. 2

. 3

335.1 163.0 164.6 110.3 69.9

113.1 54.4 45.4 43.1 17.5 2.2

.9

.7

. 5

. 3

. 4

1,121.4

(*) . 1

(*) (*) (*) (*)

2,876.9 2,249.9 1,598.3 1,169.1

943.9 508.2 33L2 182.9

57.8

13, 583.3 11,238. 5 8, 506. 3 5.992.1 4,327.4 2.297.2 1,469.0

670.4 188.7

107.6 157.1 166.8 155.3 13L0 i n . i 9 L 2 72.1 34.9 26.8 18.1 14.7 12.0 10.0 8.7 7.3

7.3

8.5 8.5 8.4 8.2 8.1 8.0 7.9 7.8 7.7 7.6 7.4 7.3

m . i 155.4 168.0 175.7 m.8 146.2 130.5 123.7 108.8 100.7 69.2 53.2 42.8 35.9 29.9 25.1

25.1

9.96 22.1 28.6 28.2 28.0 27.6 27.1 26.8 26.2 25.6 25.3 25.1

Footnotes at end of table.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 213

T A B L E 39.- -Sales and redemptions of Seizes E through K savings bonds hy series, fiscal years 1941-70 and monthly 1970^^—Continued

Fiscal year or m o n t h

1952-55 1956 1957.. 1958 1959 I960 . . . . 1961 1962 1963 1964 1965 1966 1967 . 1968 1969 1970

To ta l th rough J u n e 30, 1970 . . . .

1 9 6 9 - J u l y . . - -Augus t Septeraber Oc tobe r . . . N o v e m b e r Deceraber

1970—January F e b r u a r y March AprU M a y -J u n e

1952-55 1956 1957 1958 1959 1960 . . 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970

To ta l through J u n e 30, 1970

1969_ju iy Augus t Septeraber October . . Noveraber Deceniber

Sales

696.8 183.2

92.4 (*) (*)

..........

972.4

2,004. 2 403.1 176.0

2, 583. 3

Accrued discount

10.0 n.9 15.9 18.1 17.8 18.2 16.7 16.8 16.6 16.3 14.9 12.1

7.8 3.9 LO

198.1

Sales plus

accrued = discount

706.8 195.2 108.3

18.1 17.8 18.2 16.7 16.8 16.6 16.3 14.9 12.1

7.8 3.9 LO

1,170. 5

2, 004. 2 403.1 176.0

(*) (*)

2, 583. 3

Redempt ions

To ta l

Series

33.7 59.6

106.5 98.4 5L2

144.2 39.1 37.2 33.2 46.2 87.6

124.4 136.0 95.0 55.4 9.7

1,157. 6

L 5 . 9

L l LO .6 . 5 .7 .6 . 8 .4 .7 .9

Original pm-cliase

price

; J

33.2 58.4

102.5 92.8 47.3

129.2 34.4 3L7 27.4 37.1 65.4 90.8 98.6 68.7 40.1

7.0

964.6

1.1 .6 . 8 .7 . 5 . 3 . 5 .4 .6 . 3 . 5 .6

Series K

57.2 79.5

238.2 257. 7 132.2 365.8 92.7 89.4 73.5

116.0 229.8 274.4 323.2 162.0 77.2 I L l

2, 579. 7

LO 2.2 3.2 2.0 . 5 .6

57.2 . 79.5 .

238. 2 . 257.7 . 132.2 . 365.8 .

92.7 . 89.4 . 73.5 .

116. 0 . 229. 8 . 274.4 . 323.2 . 162.0 . 77.2 . 11.1 .

2,579.7 .

LO . 2.2 . 3.2 . 2.0 .

. 5 .

.6 .

Accrued discount

0.5 1.3 3.9 5.6 3.9

15.0 4.8 5.5 5.9 9.1

22.2 33.6 37.4 26.3 15.4 . 2.7 .

193.1 .

.4 .

. 3 .

. 3 . ;3 .2 . . 1 . . 2 . . 2 . . 2 . . 1 . .2 . .2 .

A m o u n t ou ts tanding

Interest bearing

673.1 . 808.6 . 810.4 . 730.2 . 696. 9 . 570.8 . 548.4 . 527.9 . 51L3 . 48L4 . 403.8

" 287. 5 154.1 59.8

1,947. 0 2,270.6 2, 208. 5 1,950. 7 1,818.6 1,452.8 1,360.1 1,270.7 1,197.2 1,081.3

844.3 568.2 242.5

80.1

Matured non­

interest-bearing

4.8 8.8

14.0 17.1 22.5 12.8

12.8

2 L 1 20.2 19.0 18.0 17.4 16.9 16. 2 15.6 14.8 14.4 13.7 12.8

7.2 8.8

11.4 11.7 14.7 3.6

3.6

13.7 11.5 8.3 6.4 5.9 5.2

Footnotes at end of table.

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214 19 70 REPORT OF THE SECRETARY OF THE TREASURY

T A B L E 39.—Sales and redemptions of Series E through K savings bonds by series, fiscal years 1941-70 and rhonthly 1970^"^—Continued

Sales Accrued plus

Redemptions Amount outstanding

Fiscal year or nionth Sales discount accrued Total Original Accrued Interest Matmed discount purchase discount bearing non-

price interest-bearing

Series K—Continued

1970—January .4 February .4 March .3 April .3 May .1 June. . . .1

.4 .

.4 .

.3 .

.3 .

.1 .

.1 .

4.8 4.4 4.2 3.9 3.7 3.6

*Less than $50,000. 1 Sales and redemption figures include exchanges of rainor aniounts of raatured Series E for Series G and

K bonds frora May 1951 through April 1957, and Series F and J for Series H bonds beginning January 1960; they exclude exchanges of Series E for Series H bonds. Rederaption figures for fiscal 1953-54 and fiscal years 1960-63 also include the raaturing Series F and G savings bonds exchanged for raarketable Treasury securi­ties during special exchange offerings. The araounts involved were $416.6 million in 1953, $.7 million in 1954, $745.4 raUlion in 1960, $147.3 miUion in 1961, $320.1 million in 1962, and $75.1 raiUion in 1963.

2 Sales of Series E, F, and J bonds are included at issue price, and their rederaptions and amounts out­standing at current redemption value. Series G, H, 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 are then transferred to matured debt on which interest has ceased.

NOTE.—Series E and H are the only savings bonds now being sold. Series A-D, sold frora 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 adjustraents. Details by raonths for Series E, F, and G bonds from May 1941 wiUbe found on p. 608 of the 1943 annual report, and in correspond­ing tables in subsequent reports. Monthly detail for Series H, J, and K bonds wiU be found in the 1952 annual report, pp. 629 and 630, and in corresponding tables in subsequent reports.

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T A B L E 40.—Sales and redemptions of Series E and H savings bonds by denominations, fiscal years 1941-70 and monthly 1970 ^ [In thousands of pieces. Es t ima ted on basis of daUy Treasu ry s ta te raents and reports frora Bureau of the P u b h c Deb t ]

Fiscal year or m o n t h To ta l , aU denomi­

nat ions 2 $25 $50 3 $75 $100 4 $200 $500 $1, 000 $5, 000 8 6 $10, 000

Sales '

1941-55 1,696,608 1,155,275 1956 90,053 56,719 1957 - 90,160 56,327 1958... - 89,431 54,908 1959 85,882 52,895 1960 85,607 52,972 1961.- 86,495 53,453 1962.-: "..-- - ----- 86,479 53,010 1963 - . 89,627 54,629 1964 96,609 59,230 1965 - 99,560 60,928 1966 103,500 63,430 1967 114,433 71,506 1968. 117,279 75,925 1969 118,184 78,508 1970.--1 -. 117,026 78,043 1969—July...... 10,679 7,389

August.... 8,851 5,844 Septeniber 8,415 5,566 October 11,488 8,002 N o v e m b e r . 7,325 4,900 December 9,401 6,237

1970—January 9,807 6,738 F e b r u a r y . . 9,321 6,104 March . 11,121 7,319 A p r i L . . 9,718 6,562 May 9,189 5,890 J u n e . . . . 11,712 7,492

1 9 4 1 - 5 5 . . . . - . . . . . . . . - - - - - . - - - - - - - . . - - - . - - . - . - - - - . - 1,229,060 892,320 1956 89,953 60,014 1957 93,175 60,612 1958 93,452 59,880 1959 -•-. . . 88,647 56,036 I 9 6 0 . . . . . 90,748 56,796 1961 85,077 54,280 1962 83,804 52,958

F o o t n o t e s a t e n d of t a b l e .

267,768 189,789 8,798 26,230 27,519 106 18,784 10,090 929 1,608 1,854 48 20,256 9,969 851 1,320 1,396 29 21,043 9,824 893 1,304 1,413 33 20,108 9,477 798 1,212 1,340 35 20,220 9,208 774 1,165 1,230 27 20,434 9,273 789 1,201 1,299 31 20,901 9,286 813 1,186 1,237 30 ' 21,903 9,623 928 1,233 1,270 25 23.442 135 10,324 1,006 1,220 1,214 22 23,947 1,141 10,409 982 1,087 1,033 18 24,704 1,469 10,714 1,010 1,101 1,042 17 26,476 1,749 11,411 1,068 1,131 1,064 15 25,823 1,860 10,769 987 987 906 11 25,106 1,822 10,192 869 871 796 8 24,675 1,682 10,072 878 868 796 7

2,116 136 832 70 70 65 1 1,892 133 778 65 70 68 1 1,843 118 717 62 56 51 (*) 2,259 153 876 71 66 59 1 1,543 101 632 52 51 45 (*) 2,043 138 804 66 60 51 (*) 1,919 134 785 73 77 79 1 1,982 138 841 75 91 89 1 2,372 166 1,008 89 88 78 1 1,975 146 821 73 73 68 1 2,040 141 882 84 80 71 1 2,691 177 1,095 98 86 71 1

Redempt ions

182,015 . - - - 1 - - - ; - - . 109,032 3,061 12.605 11,839 4 16,503 9,925 537 1,255 1,281 5 18,165 10,590 633 1,354 1,485 9 19,467 10,433 639 1,320 1,464 11 18,598 10,394 675 1,301 1,451 9 1 9 , 5 0 7 . : 10,634 725 1,351 1,567 15 18,654 9,197 616 1,076 1,139 10 18,746 9,150 653 1,077 1,126 10

48 21 12 14 16 11 15 16 16 16 14 13 14 12 11 6

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TABLE 40.—Sales and redemptions of Series E and H savings bonds by denominations, fiscal years 1941-70 and monthly 1970^—Cont.

[In thousands of pieces. Estimated on basis of daUy Treasm-y statements and reports frora Bureau of the Public Debt]

Fiscal year or month Total, all

denomi­nations 2

$25 $50 3 $75 $100 4 $200 $500 $1, 000 $5,000 56$10,00-

1963 83,469 1964..... 87,242 1965.... 90,012 1966 94,720 1967 98,349 1968 -•- 105,057 1969 114,396 1970 118,696 1969—July 11,210

August 9,890 September 9,867 October.. 10,034 Noveraber 7,693 Decembei- 9,176

1970—January 10,293 February 9,981

. March 11,585 AprU 9,669 May 8,415 June 10,884

53,018 55, 264 56,736 59,235 61,960 66, 953 73,560 76,446

7,176 6,411 6,360 6,467 5,066 6,151 6,400 6,288 7,468 6,178 5,434 7,045

19,022 . . 20, 034 20, 744 21, 948 22,627 23,604 25,308 25, 789

2,459 2,152 2,181 2,177 1,618 1,897 2,271 2,257 2,515 2,117 1,806 2,339

(*) 245 585 837

1,032 1,205 1,303

123 105 107 108 84 98

106 111 128 108 98

127

8,715 9,080 9,322 9,822 9, 839

10, 276 10, 955 11,410

1,093 931 929 963 694 788

1,117 988

1,107 950 807 '

1,043

601 648 694 756 760 808 864 933

89 73 73 78 55 62 97 83 89 78 69 87

1,005 1,051 1,070 1,113 1,084 1,107 1,165 1,297

125 101 102 111 82 83

135 114 126

no 93 115

1,028 1,088 1,122 1,182 1,169 1,208 1,266 1,438

137

no 109 123 87 92

160 131 143 120 103 123

12 15 19 22 24 24 28 33 3 3 3 3 2 2 3 3 4 3 2 2

5 7 9

10 12 13 14 18 2 1 1 2 1 1 2 2 2 2 1 I

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*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 denoraination 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. 631, 633; thereafter, monthly detail for each fiscal year appears in a footnote to the redemptions by denorainations table of successive annual reports. Details in thousands of pieces by raonths in fiscal year 1970 follow:

3 Sales of $75 denomination Series E bonds began in May 1964. 4 Sales of $200 denomination Series E bonds began in October 1945. 5 Sales of $10,000 denomination Series E bonds were authorized on May 1, 1952. 8 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 beginning January 1955.

7 See table 39, footnote 1.

Fiscal year

1970

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Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATISTICAL APPENDIX 217

T A B L E 41.—Sales and redemptions of U.S. savings notes, fiscal years 1967-70 and monthly 1970

[In miUions of dollars]

Fiscal year or month Sales

L5 200.8 326.2 322. 7

851.1

30.4 27.5 30.0 34.2 23.5 3L0 26.8 3L1 31.6 18.8 18.3 19.6

Accrued discount

o.'s" 1L4 24.6

36.3

L6 1.7 L8 L8 L9 2.0 2.2 2.2 2.3 2.3 2.5 2.5

Sales plus accrued -discount

L5 20L1 337.6 347.3

887.5

32.0 29.2 3L8 35.9 25.4 33.0 28.9 33.3 33.9 2L0 20.8 22.1

Redemptions

Total Sales Accrued price discount

(*) 0.1

35.2 110.6

145.9

6.9 5.6 8.7 8.1 8.4

10.1 8.7

10.0 11.9 12.4 8.7

I L l

(*) 0.1

33.7 104.9

138.7

6.6 5.3 8.3 7.7 8.0 9.6 8.3 9.5

n.o n . 8 8.3

10.5

(*) L4 5.7

7.2

.3

.3

.4

.4

.4

.5

.4

.5

.8

.6

.4

.6

Amount out­

standing

L6 202.5 504.9 741.6

741.6

529.9 553.5 576.6 604.6 621. 4 644.3 664.5 687.8 709.9 718.5 730.6 741.6

1967 1968 1969 1970......

Total through June 30, 1970

1969—July. August September October November December

1970—January February March April May June

•Less than $50,000.

NOTE.—Sales of U.S. savings notes began May 1,1967. For details on terms and conditions, see 1967 annual report, pp. 187-190.

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218 19 70 REPORT OF THE SECRETARY OF THE TREASURY

States, fiscal years 1969, T A B L E 42.—Sales of Series E and H savings bonds 1970 and cumulative

[In thousands of doUars, at issue price. On basis of reports received by the Treasury Department, with totals adjusted to basis of dailyTreasury statements]

States Fiscal year 1969

37,391 2,762

21,183 17,393 294,861 26, 975 71, 367 20,440 36,862 78,422 52, 973 13,466 4,945

269,318 118, 749 68,451 43,552 43,084 35,309 12,498 81,872 114,801 282,256 49, 558 13, 534 122,856 9,824

38, 981 6,512 9,305

178,221 12, 547

469,304 47,502 8,942

266,488 45,450 24,337 388, 566 18,114 23,143 11, 935 44,043 132,855 19, 617 5,210 83, 567 46,395 38, 263 72, 514 4,337 3,313 4,005 329

-1-601,249

4, 549, 746

Fiscal year 1970-

37,281 2,253 21,117 15, 749 275,883 26,693 67,876 19,421 33,436 75, 686 52,861 13,896 5,079

261,061 122,679 63,578 41,862 44,248 32, 887 11,949 78,434 no, 485 240,185 50,088 13,001 118,274 9, 517

36,090 6,617 9,868

179,259 12,116 458,241 47,250 9,203

261,171 42, 918 24, 557 396, 625 20, 609 22,730 11,539 41,347 136,043 20,024 5,027 80,101 48,845 36,155 70,374 4,012 3,191 3,349 363

-f 616,108

4,449,211

May 1941-June 1970

1,389,886 2 74,256 567, 777 789, 529

9, 989,402 1, 078, 215 2,306,537 445, 731

1,492,140 2,049,344

'• 1,591,748 526,318 324,034

11, 519, 982 4,125, 748 3,829, 630 2,243,859 1, 601,269 1,358,189 530,037

• 1,981,731 4,062,505 8,318,076 2,580, 896 742,008

4,159,944 • 662, 370 2,249, 062 184,107 334,099

5,607, 901 365, 901

16,391, 502 1,607,292 661,099

9,193,417 1,751,655 1,288, 297 12,431,439

625,006 816,488 813, 382

1,473,300 4,977,557 583,091 180,161

2,435,978 2,228,715 1,465, 508 3,168, 864 258, 212 93, 211 87,287 5,576

3-1-6,896,269

148,515, 537

Alabama Alaska Arizona Arkansas California— Colorado Connecticut Delaware District of Colurabia Florida Georgia Hawaii. Idaho IlUnois Indiana.. Iowa Kansas Kentucky Louisiana Maine . Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey. New Mexico New York North Carohna North Dakota Ohio Oklahoma. Oregon Pennsylvania . Rhode Island South Carolina South Dakota Tennessee Texas Utah --Vermont -.. Virginia Washington WestVirginia Wisconsin Wyoming Canal Zone -Puerto Rico - - . Virgin Islands Undistributed and adjustraent to daily Treasury stateraent.

Total

1 Figures include exchanges of minor aniounts of Series F and J bonds exchanged into Series H bonds frora 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 39.

2 Excludes data for period April 1947 through Deceniber 1956, 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."

3 Includes a sraall araount for other possessions.

NOTE.—Sales by States of the various series of savings bonds were published in the annual report for 1943, pp. 614-621, and in the subsequent reports; and by months at intervals in the "Treasury BuUetin," begin­ning with the issue of July 1946. Since Apr. 30,1953, figures for sales of Series E and H bonds oiUy have been available by States.

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STATISTICAL APPENDIX 2 1 9

T A B L E 43.—Savings bonds outstanding, by series and denomination, as of June 30,

1970

[In thousands of pieces]

Series i

E I-I . A B . . . . C D F G . . J K

T o t a l . .

To ta l -

. 507,725

. 6,459 1 2 5

28 26 48 38

3

. 514,335

$10

536

536

$25

277, 079

1 1 2

11 14 ---

277,121

$50

115, 296

(*)

5

115, 302

$75

4,781

4,781

Denoni ina t ion

$100

78, 525

(*) 1 2 8 7

25 17

78, 585

$200

8,584

8,584

$500

11,419 2,556 (*) (*) ' \

2 9 3 1

13, 992

$1,000

11, 462 3, 529 (*) (*) (*)

2 3

13 5 2

15, 016

$5,000

""289"

1 (*) (*) 290

$10,000

42 85

(*) (*)

127

$100,000

1

1

*Less than 500 pieces. I Currently only bonds of Series E and H are on sale.

409-714—71 15

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220 19 70 REPORT OF THE SECRETARY OF THE TREASURY

IV.—Interest

T A B L E 44.—Amount of interest-bearing public debt outstanding, the computed annual interest charge, and the computed rate of interest, J u n e SO, 1989-70, and at the end of each month during 1970

[On basis of daUy Treasury statements, see "Bases of Tables"]

End of fiscal year or month Interest-bearing

debtl Computed Computed

annual interest rate of charge 2 interest'

1939 $39, 1940 42, 1941 48, 1942 71, 1943 135, 1944 199, 1945 256, 1946 268, 1947.. 255, 1948 250, 1949 250, 1950 255, 1951.- 252, 1952 256, 1953 263, 1954 268, 1956 271, 1956.- 269, 1957 268, 1958.. 274, 1969 281, 1960 283, 1961 285, 1962 294, 1963 301, 1964 307, 1965 313, 1966 315, 1967 322, 1968 - 344, 1969 351,

Footnotes a t end of table.

886,969,732.00 376,495,928.00 387,399,539.00 968,418,098.00 380,305,795.00 643,355,301.00 366, 616,818. 00 110,872,218.00 113,412,039.00 063,348,379.00 761,636,723.00 209,353,372.00 851,766,497.00 862,861,128.00 946,017,740.00 909,766,664.00 741,267, 507.00 883,068,041.00 485,662,677.00 697,660,009.00 833,362,429.00 241,182,755.00 671,608, 619.00 442,000,790.00 953,730,701.00 356,561,635.00 112,816,994.00 431,054,919.00 285,952,387.89 400,507,282.32 729,446,327.01

$1,036,937,397. 00 1,094,619,914.00 1,218,238,846.00 1,644,476,360.00 2,678,779,036.00 3,849,254,656.00 4,963,730,414.00 5,350,772,231.00 5,374,409,074.00 5,455,476,79L0U 5, 606,929,714.00 6, 612,676,516.00 5,739,615,990.00 6,981,357,116.00 6,430,991,316.00 6,298,069,299.00 6,387,225,600.00 6,949,699,626.00 7,326,146,696.00 7,245,154,946.00 8,065,917,424.00 9,316,066,872.00 8.761,495,974.00 9,618,857,333.00

10,119,294,647.00 10,900,360,741.00 11,466,618,472.00 12,516,397, 677.00 12,952,924,175.84 15,403,812.018.91 17, 086, 631, 003.48

Percent 2.600 2.583 2.618 2.286 1.979 L929 L936 1.996 2.107 2.182 2.236 2.200 2.270 2.329 2.438 2.342 2.351 2.676 2.730 2.638 2.867 3.297 3.072 3.239 3.360 3.660 3.678 3.988 4.039 4.499 4.891

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STATISTICAL APPENDIX 221

TABLE 44.—Amount of interest-hearing public debt outstanding, the computed annual interest charge, and the computed rate of interest, June 30, 1939-70, and at the end of each month during 1970—Continued

Interest-bearing debt 1

• Computed annual interest

charge 2

Computed rate of

interest 2

• Percent 1970 369,025,522,033.47 20,338,884,039.66 5.567 1969—July. . . : . . . . 355,122,266,597.28 17,542,875,308.63 4.977

• August 358,328,655,809.68- 17,892,783,83L 45 5.031 • September 358,818,229,135.85 18,100,482,695.76 6.084 •• October . . . . : 362,420,072,057.69 18,848,169,565.50 6.246 ; November 366,262,722,523.61 19,232,955,278.62 5.298

December.. 366,221,365,317.80 19,539,481,870.03 5.384 1970—January . . . . : 365,619,701,540.78 19,656,806,005.15 5.426

. February. 366,858,331,974.81 20,073,184,30L 95 5.622 March 369,963,026,128.63 20,175,164,040.71 5.503

. AprU 365,099,022,479.00 19,666,756,426.40 5.434 , May 369,143,871,363.06 20,256,697,597.71 5.536 . June - 369,025,522,033.47 20,338,884,039.56 5.667

> 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 untU aU of the annual series have matured, when the enthe amount 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 published in the Treasury 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 report, p. 509.

NOTE.—The computed annual interest charge represents the ampunt 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. 31,1968, the coraputed 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 the coupon rates of the securities. That rate did not materiaUy differ from the rate on the basis of effective yield. The "eflective yield" method of computing the average interest rate on the public debt more accurately reflects the interest cost to the Treasury, and is believed to be in accord with the intent of Congress where legisla­tion has required the use of the rate of effective yield for various purposes. •

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TABLE 45.—Computed annual interest rate and computed annual interest charge on the puhlic debt by classes, June 30, 1960-70

[Dollar amounts in mUlions. On basis of daUy Treasury statements, see "Bases of Tables"]

to

Marketable issues Nonmarketable issues

End of fiscal year or month Tota l -

p u b h c deb t

2. 200 2.270 2. 329 2. 438 2. 342 2.351 2 576 2. 730 2.638 2 867 3. 297 3. 072 3.239 3 360 3. 560 3 678 3 988 4. 039 4. 499 4. 891 5. 557 4. 977 5. 031 5. 084 5. 246 5.298 5. 384 5.426 5. 522 5. 503 5.434 5. 536 5.557

T o t a l 1

L958 L981 2.051 2.207 2.043 2.079 2.427 2.707 2.546 2.891 3.449 3.063 3.285 3.425 3.659 3.800 4.134 4.165 4.757 5.232 5.986 5.336 5.407 5.482 5.715 5.782 5.849 5.905 6.037 5.996 5.897 6.032 5.986

BUls 2

1.187 L569 1.711 2.254

.843 L539 2.654 3.197 L033 3.316 3.815 2.584 2.926 3.081 3.729 4.064 4.845 4.360 5.711 6.508 7.340 6.786 6.903 7.143 7.334 7.475 7.676 7.830 7.862 7.670 7.451 7. 416 . 7. 340 .

Certificates

L163 L875 L875 2.319 L928 L173 2.625 3.345 3.330 2.842 4.721 3.073 3.377 3.283

4.851 5.250

Notes

C o m p u t e d

L344 L399 L560 1.754 1.838 L846 2.075 2.504 2.806 3.304 4.058 3.704 3.680 3.921 3.854 3.842 4.321 4.764 5.294 5.668 6.420 5.668 5.734 5.734 5.916 5.916 5.916 5.916 6.061 6.061 6.065 6.421 6. 420

Treasu ry bonds

annua l in te

2.322 2.327 2.317 2.342 2.440 2.480 2.485 2.482 2.576 2.619 2.639 2.829 3.122 3.344 3.471 3.642 3.655 3.686 3.681 3.722 3.762 3.722 3.722 3. 723 3. 726 3.726 3.738 3.739 3.754 3.761 3.761 3.761 3.762

T o t a l

-est rate

2.569 2.623 2.659 2.720 2.751 2.789 2.824 2.853 2.892 2.925 3.219 3.330 3.364 3.412 3.462 3.493 3.713 3.751 3.876 3.979 4.327 3.987 3. 987 3.990 4.014 4.024 4.237 4.255 4.273 4.286 4.275 4.278 4.327

Savings bonds 3

2.748 2.742 2.745 2.760 2.793 2.821 2.848 . 2.880 . 2.925 . 2.961 . 3.293 . 3.408 . 3.449 . 3.482 . 3.517 . 3.537 . 3.744 . 3.780 3.816 3.884 4.187 3.885 3.886 3.888 3.890 3.917 4.164 4.165 4.167 4.173 4.180 4.183 4.187

Tax and savings notes 3

L383 L567 L785 2.231 2.377 2.359

4.740 4.740 4.905 4.948 4.912 4.918 4.923 4.928 4.931 4.935 4.938 4.941 4.944 4.945 4.947 4.948

Othe r

2.407 2.717 2.714 2.708 2.709 2.708 2.713 2.718 2.718 2.714 2.715 2.713 2.670 2.770 2.917 3.105 3.380 3.398 4.340 4.648 5.160 4.708 4.701 4.705 4.821 4.737 4.698 4.842 4.950 4.981 4.872 4.883 5.160

Special issues

2.589 2.606 2.675 2.746 2.671 2.585 2.705 2.636 2.630 2.694 2.772 2.803 2.891 3.003 3.238 3.372 3.693 3.854 4.133 4.555 5. 235 4.628 4.670 4. 699 4.720 4.745 4.818 4.823 4.896 4.906 4. 905 4. 972 5.235

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d

1950 1951 1952 1953 1954.. 1956 1956 1957 1968 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1969—July

August September October... November December.

1970—January... February. March April May June

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Computed annual interest charge

1950 1951 1952 1953 1954... 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1969—July

August September. October Noveraber. December.

1970—January... February. March AprU May June

$5,613 6,740 5,981 6.431 6,298 6,387 6,950 7,325 7,245 8,066 9,316 8,761 9,519 10,119 10,900 11,467 12,516 12,953 15,404 17,087 20, 339 17, 543 17, 893 18,100 18, 848 19, 233 19, 539 19, 657 20, 073 20 175 19, 666 20, 257 20, 339

$3,040 2,731 2,879 3,249 3,071 3,225 3,758 4,210 4,242 6,133 6,317 6,718 6,422 6,944 7,613 7,878 8,580 8,709 10, 684 11,703 13,743 12,109 12, 358 12, 520 13, 255 13, 569 13, 604 13, 757 14,042 14, 081 13, 609 14,076 13, 743

$160 213 293 442 164 299 649 743 231

1,046 1,249 937

1,212 1,433 1,855 — 2,135 ... 2,595 2,490 3,573 —. 4,302 ... 5, 380 -. 4, 709 -.. 4,932 .. 5 095 5,577 5 893 5,946 6,101 6,130 .. 6,178 5,709 .-5,711 ---5,380 ...

$214 178 533 368 355 162 428 685

1,096 962 833 410 467 728

80 295

$274 501 296 534 588 752 746 776 673 902

2,088 2,084 2,408 2,043 2,591 2,017 2,186 2,339 3,764 4,473 5,998 4,473 4,500 4,500 5,051 5,051 5,050 5,050 5,534 5,535 5,533 5,999 5,998

$2,387 1,835 1,753 1,903 1,962 2,010 2,034 2,005 2,341 2,221 2,145 2,288 2,344 2,740 3,067 3,727 3,718 3,585 3,347 2,928 2,364 2, 927 2,926 2,925 2,627 2,626 2,608 2,606 2,378 2,369 2,367 2,366 2,364

$1, 735 2,106 2.093 2,069 2.099 2,044 1,972 1,881 1,787 1,728 1,754 1,781 1,798 1,830 1,878 1,948 2,049 2,080 2,259 2,341 2,601 2,343 2,341 2,343 2,381 2,377 2,515 2,518 2,541 2,559 2,537 2,535 2,601

$1,581 1,579 1,583 1,598 1,622 1,647 1,637 .. 1,573 -1,520 — 1,496 „ 1,566 — 1,619 „ 1,642 . 1,682 -1,734 . 1,770 „ 1,892 „ 1,936 1,973 2,009 2,147 2,006 2,005 2,004 2,004 2,018 2,147 2,143 2,142 2,142 2,144 2,146 2,147

$117 123 118 99 121 45

(*) 10 25 37 26 27 28 30 31 32 33 34 35 36 36 37

$37 405 391 372 357 352 334 308 266 232 189 162 156 148 144 178 157 144 276 308 417 311 309 311 348 328 336 342 365 382 358 353 417

$838 903

1,010 1,115 1,128 1,118 1,220 1,234 1,216 1,206 1,245 1,263 1,299 1,345 1,509 1,641 1,888 2,164 2.460 3,042 3, 995 3,090 3,194 3,238 3,"212 3, 287 3,421 3,382 3,490 3,536 3,520 3,645 3,995

ZP H > »rl

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*Less than $600,000. » Total includes Panama Canal bonds prior to 1961, and posta] savings bonds prior

to 1956. 2 Included in debt outs tanding a t face amount, bu t the annua l interest

charge and the annua l interest r a t e are computed on the discount value. 3 The annual interest charge and annual interest ra te on United States

savings bonds amd United Sta;tes savings notes are computed on the basis of the ra te to matur i ty applied against the amount outstanding.

NOTE.—For methods of computing annual interest rate and charge see note to table 44. See table 26 for amounts of public debt outstanding by classification. For figures for 1939-49 see 1966 annual report, pages 770-1.

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224 1969 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 46.—Interest on the public debt by classes, fiscal years 1966-70 [In miUions of doUars, on an accrual basis. On basis of Public Debt accounts]

Class of securities

Public issues: Marketable:

Treasury bills » Certificates of indebtedness Treasury notes Treasury bonds '

Total marketable issues

Nonmarketable: Depositary bonds Foreign currency series:

Certificates of indebtedness Treasury notes _ . . Treasury bonds.-

Foreign series: Certificates of indebtedness Treasury notes... Treasury bonds

Treasmy bonds, investment series Treasmy bonds, REAseries U.S. savings bonds:

Series E, F, and J i . . Series G, H, and K

U.S. savings notes * U.S. retirement planbonds Treasury certificates Treasury bonds Other . . .

Total nonmarketable issues

Total public issues

Special issues: Certificates of indebtedness Treasury notes Treasury bonds

Total special issues

Total interest on public debt

Other 2

Total interest and charges

1966

2 469.8 35.7

2,015.9 3,783.3

8,304.7

.9

6.9

39.6

22.4 10.5 7.8

8L5 5

. . 1 553.0 323.9

.5 3.4 .3

2,05L1

10,355.8

367.3 62.1

1,225.7

1,655.2

12, on. 0

2.9

12,013.9

1967 .

3,105. 3 293.1

2,199. 3 3, 656. 6

9,254.3

.9

24.7 10.0 7.6 .

9.2 6.5

10.9 72.8

.5

1, 641. 4 322.7

.7 2.4

(*) -

2, no. 3

11,364. 6

55L8 338.5

1,133.8

2,024.1

13,388.7

2.3

13,391.0

1968 1969

3,360.9 4,196.4 37.4

3,08L0 4,190.9 3,512.3 3,160.0

9,991.7 11,537.3

.8 .6

10. 9 21. 5 54.4 97. 7

47.2 20.3 5.3

70.2 .5

1,728.1 330.4

.3

.9 L2

2,270. 6

27.6 79.9 4.0

68.3 .4

1, 783.6 326.4 1L3 L l .4

L3

2,424. 0

12,262.3 13,961.2

631.6 761.0 584.1 829.4

1,094.1 1,036.6

2,309.8 2,627.0

14, 572.1 16,588. 2

1.0.

14,573.0 16,588.2

1970

5 662.8

5 113.5 2, 626. 2

13, 302. 5

.6

15.6 98.9

45.2 99.2 2.7

66.7 .4

1,844. 7 319.0 24.3 L4

20.4

2.6

2,641. 6

15, 844. 2

1,067. 6 1,428.2

963.8

3,459. 6

19,303.7

19,303. 7

•Less than $50,000. 1 Amounts represent discount treated as interest. 2 Charges for gold and foreign cmrency pmchases authorized by act of June 19,1962 (22 U.S.C. 286e-2(c))

and act of Oct. 23,1962 (76 Stat. 1168).

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v.—Prices and yields of securities

TABLE 47.—Average yields of taxahle ^ long term Treasury honds hy months, Octoher 1941-June 1970 [Averages of daily figures. Percent per annum compounded semiannuaUy]

Year Jan. •^Feb. Mar. A p r . May June July Aug. Sept. Oct. Nov. Dec. Average

1941.. 1942.. 1943.. 1944.. 1946..

1946.. 1947.. 1948.. 1949.. 1950..

1951.. 1952.. 1953.. 1954.. 1965..

1956.. 1957.. 1958-1959.. I960..

1961. 1962. 1963.. 1964. 1965..

1966.. 1967. 1968. 1969.. 1970..

2.48 2.46 2.49 2.44

2.21 2.21 2.45 2.42 2.20

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 6.18 6.74 6.86

2.48 2.46 2.49 2.38

2.12 2.21 2.45 2.39 2.24

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

2.46 2.48 2.48 2.40

2.09 2.19 2.44 2.38 2.27

2.47 2.70 2.89 2.63 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 6.39

2.44 2.48 2.48 2.39

2.08 2.19 2.44 2.38 2.30

2.56 8 2.64 «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

4.56 4.51 5.28 5.84 6.53

2.45 2.46 2.49 2.39

2.19 2.19 2.42 2.38 2.31

2.63 2.57 3.11 2.54 2.81

2.97 3.40 3.14 4.08 4,16

3.73 3.88 3.97 4.16 4.14

4.57 4.76 5.40 5.85 6.94

2.43 2.45 2.49 2.35

2.16 2.22 2.41 2.38 2.33

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 .

2.46 2.45 2.49 2.34

2.18 2.25 2.44 2.27 2.34

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

2.47 2.46 2.48 2.36

2.23 2.24 2.46 2.24 2.33

2.57 2.70 3.02 2.48 2.95

3.17 3.63 3.60 4.10 3.79

4.00 3.98 3.99 4.14 4.19

4.80 4.95 5.04 6.02

2.46 2.48 2.47 2.37

2.28 2.24 2.46 2.22 2.36

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

3 2.34 2.45 2.48 2.48 2.36

2.26 2.27 2.45 2.22 2.38

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 6.19 6.24 6.27

2.34 2.47 2.48 2.48 2.33

2.25 2.36 2.44 2.20 2.38

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 6.44 5.36 6.62

2.47 . . 2.49 2.49 2.48 2.33

2.24 2.39 2.44 2.19 2.39

2.70 2.76 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 6.36 6.66 6.81

2.46 2.47 2.48 2.37

2.19 2.25 2.44 2.31 2.32

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 4.16 4.21

4.66 4.86 5.26 6.12

1 >; H ZP H

1 •TI M

U

• Taxable bonds are those on which the Interest is subject to both the normal and surtax rates of the Federal income tax. This average commenced Oct. 20,1941.

2 Prior to October 1941 yields were on partiaUy tax-exempt long-term bonds. For January 1930 through December 1945, see the 1966 amiual report, page 492, and for January 1919 through December 1929, see the 1943 annual report, p. 662.

8 B e ^ n l n g Oct. 20, 1941, through Mar. 31, 1952, yields are based on bonds neither due nor caUable for 16 years; beginning Apr. 1, 1962, through Mar. 31, 1963, on bonds neither due nor caUable for 12 years; beginning Apr. 1,1963, on bonds neither due nor caUable for 10 years.

NOTE.—For bonds selling above par and caUable at par before maturity, the yields are computed on the basis of redemption at first caU date; whUe for bonds seUing below par, yields are computed to maturity. Monthly averages are averages of daUy figures. Each daily 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 AprU 1963, 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. to

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to to

TABLE 48.- -Prices and yields of marketable puhlic debt issues June 30, 1969, and June 30, 1970, and price range since first traded [Price decimals are 32d's and -^ indicates addi t iona l 64th's]

Issue •

J u n e 30, 1969 J u n e 30, 1970 Price range since first t r aded 2

Pr ice

B i d Ask

Yield to - caU or

m a t u r i t y 3

Pr ice

B id Ask

Yield to caU or

m a t u r i t y 3

H igh L o w

Price D a t e Pr ice

yt O

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T r e a s u r y bonds : 4 % 0 c t . 1,1969 99.02-1- 99. 04-h 2 H % Dec. 15, 1964-69 97.29 97.31 4% F e b . 15, 1970 97.31 98.01 2 H % Mar. 15, 1965-70 97.00-1- 97.02-1-4% Aug . 16, 1970 96.10 96.14 2 H % Mar. 15, 1966-71 93.06 93.14 4% Aug . 15, 1971 93.28 94.04 37^% N o v . 15, 1971 93.06 93.14 4% F e b . 15, 1972.. 92.10 92.18 2M% J u n e 15, 1967-72 89.02 89.10 4% Aug . 15, 1972 9L08 9L 16 2 H % Sept . 15, 1967-72 88.02 88.10 2 K % Dec. 15, 1967-72 87.13 87.21 4 % Aug. 15, 1973 89.18 89.26 4 H % N o v . 15, 1973 89.18 89.26 4 H % F e b . 15, 1974 89.06 89.14 4>4% May 15, 1974 89.12 89.20 3 ^ % N o v . 15, 1974 87.28 88.04 4 1 ^ % May 15, 1975-85 79.26 80.10 4% F e b . 15, 1980 80.16 8L 00 3 H % N o v . 15, 1980 76.28 77.12 3M% J u n e 15, 1978-83 7L 16 72.00 33^% May 15, 1985 70.16 7L00 3M% F e b . 15, 1990 70.14 70.30 4 K % Aug . 15, 1987-92 75.16 76.00 4% F e b . 15, 1988-93 72.16 73.00 4 K % May 15, 1989-94 73.14 73.30 3 % F e b . 15, 1995 70.12 70.28 3>^% Nov. 15, 1998 70.12 70.28

Percent Percent 7.70 110.14 7.26 107.24 7.39 99.19 6.90 107.23 7.48 99.23 99.25 6.24 100.14 6.80 96.25 96.29 7.26 107.22 7.16 96.12 96.16 7.42 IOL 27 7.04 95.12 95.16 7.49 100.28 7.27 94.18 94.26 7.62 IOL 20 6.64 90.29 9L05 7.60 106.16 7.18 92.28 93.04 7.70 IOL 20 6.70 89.19 89.27 7.72 109.18 6.62 88.18 88.26 7.70 106.16 6.96 89.19 89.27 7.82 99.06 6.93 89.08 89.16 7.81 100.01 6.90 88.22 88.30 7.77 99.18 6.86 88.16 88.24 7.74 IOL 07 6.69 85.18 85.26 7.84 110.24 6.28 71.20 72.20 7.44 105.28 6.58 74.26 75.10 7.76 103.18 6.39 7L00 72.00 7.59 97.24 6.36 66.02 67.02 7.36 l l L 28 6.20 65.22 66.22 7.00 IOL 04 6.02 65.12 66.12 6.70 106.26 6.27 68.12 69.12 7.11 104.10 6.24 66.26 67.26 6.93 100.11 6.24 66.22 67.22 7.02 100.26 6.08 65.12 66.12 5.61 IOL 12 5.56 65.12 66.12 6.07 95.14

Apr . A p r . J a n . Apr . A u g . Apr . Dec . Dec . Dec . A p r . Dec . A p r . Apr . N o v N o v . J a n . J an . Apr . May May May A u g . J u n e Apr . Dec . J an . Aug . J u n e May

21,1958 6,1946

22,1965 6,1946 2,1963

16,1946 26,1962 26,1962 26,1962 16,1946 26,1962 6,1946 6,1946

12,1964 12,1964 22,1965 12,1964 22,1958 15,1967 12,1961 12,1961 4,1954

11,1958 21,1958 26,1962 16,1963 28,1963 18,1956 12,1961

93.29 8L04 93.08 80.10 92.18 79.20 9L30 90.25 9L02 79.12 89.24 78.24 79.06 85.31 85.24 84.28 84.22 82.14 66.30 7L04 66.24 62.02 6L08 59.20 63.00 62.18 6L26 59.20 59.20

Aug . J a n . A u g . J a n . A u g . J a n . A u g . A u g . Oct . J a n . Dec . J a n . J a n . Dec . Dec . Dec . Dec . Dec . May Dec . May May May May May May May May May

29,1966 6,1960 29,1960 6,1960 29,1966 6,1960 29,1966 29,1966 1,1969 6,1960 29,1969 6,1960 6,1960 29,1969 29,1969 29,1969 29,1969 29.1969 25.1970 29.1969 24.1970 26,1970 26,1970 26,1970 26,1970 26,1970 26,1970 26,1970 26,1970

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

T r e a s u r y notes: 6 H % D , A u g . 15, 1 9 7 0 . . . . . 98.30 99.00 7.38 100.01 100.03 5.97 5% A, N o v . 15, 1970 96.17 96.21 7.71 99.09 99.13 6.95 6 ^ % C, F e b . 15, 1 9 7 1 . . . . . . 96.28 97.04 7.45 98.31 99.03 7.10 7 y % T > , F e b . 15, 1971 . 100.10 100.14 7.23 5 K % A, May 15, 1 9 7 1 . . . - . 96.24 7.28 98.11 98.15 7.25 8% E , May 15, 1971. 100.16 100.20 7.40 8 M % F , A u g . 15,1971 : 100.31 IOL 03 7.34 5 3 ^ % B , N o v . 15, 1 9 7 1 . . . . . . . . . 96.06 96.14 7.15 97.10 97.14 7.47

. 7M% G, N o v . 15, 1 9 7 1 . . . . . 100.06 100.10 7.60 4 M % A, F e b . 15, 1972 . . 93.28 94.04 7.36 95.20 95.28 7.67 4M% B , May 15, 1972 . 93.20 93.28 7.25 95.02 95.10 7.63 7M% A, May 15, 1973 100.01 100.09 7.74 8 y % B , A u g . 15, 1973 . . . . . . IOL 04 IOL 12 7. 71 6 5 ^ % B , A u g . 15, 1974 94.02 94.10 7.03 92.14 92.22 7.81 5M% A, N o v . 16, 1974 94.20 94.28 6.97 92.16 92.24 7.81

" 6M% A, F e b . 15, 1975. . . . . . : 94.14 94.22 6.96 92.03 92.11 7.82 6% B , May 15, 1975 96.06 96.14 6.80 93.05 93.13 7.71 6M% A, F e b . 15, 1976 97.10 97.18 6.76 93.09 93.17 7.75 6 3 ^ % B , M a y 15, 1976 98.12 98.20 6.80 94.04 94.12 7.76 7 y % C, A u g . 15, 1976 99.17 99.25 7.60 8% A , F e b . 15, 1977 . . . . J 100.20 100.28 7.88 1 K % E O , Oct . 1, 1969 98.12 98.20 8 . 1 4 . . . . 1 K % E A , A p r . 1, 1970 . 96.08 96.20 6 . 7 1 . . 1M% E O , Oct . 1, 1970 94.00 95.00 6.58 98.02 98.18 9.44 1M% E A , A p r . 1, 1971. 9L 30 92.14 6.44 95.08 96.08 8.16 1 H % E O , Oct . 1, 1971 89.30 90.30 6.37 92.04 93.04 8.25 1 H % E A , A p r . 1, 1972. 87.28 88.28 .6.38 89.04 90.04 8.30 1M% E O , Oct . 1, 1972 86.12 87.12 6.19 86.20 87.20 8.12 1 H % E A , A p r . 1, 1973 84.08 85.08 6.28 84.06 85.06 8.02 1 H % E O , Oct . 1, 1 9 7 3 - . . . . 82.22 83.22 6.20 8L 24 82.24 7.98 13^% E A , Apr . 1, 1974 8L 18 82.18 6.02 79.12 80.12 7.97 1 M % E 0 , Oct . 1, 1974 77.12 78.12 7.86 1 H % E A , A p r . 1, 1975 75.06 76.06 7.86

100. 01 102. 09 100. 01 100. 30 103. 09 101.11 102. 00 104. 02 100. 06 101.16 100. 04 102.18 103. 22 100. 02 101. 20 101. 06 102. 28 100. 20 100.04 103.16 105. 06

99.12 99.00 98. 02 95.08 92.04 89.26 88.10 87.04 86.02 82.28 77. 22 75.28

J u n e Apr . Aug . Mar. Apr . Mar. Mar. Apr . May Apr . May Oct. Mar. Sept . J an . Ju ly Aug . Apr . May Oct. Mar. Aug . F e b . J u n e J u n e J u n e Aug. Dec. Oct. Oct. Apr . Mar. Apr .

30,1970 7.1967 2.1968 25,1970 7.1967 25,1970 25,1970 10,1967 29,1970 10,1967 12.1967 21.1969 25.1970 24.1968 2.1968 23.1968 2,1968 14.1969 15,1969 21.1969 10.1970 29.1969 27.1970 30,1970 30,1970 30,1970 7,1968 2,1968 7,1968 1,1968

30.1969 31.1970 25,1970

98.21 96.13 96.15 99.19 95.30 99.24

J u l y J u l y J u l y J a n . Sept . Sept .

100. OZy J a n . 95.03 Oct . 99.20 92.24 9L30 99.14

May Dec. Dec . May

100. OSy J a n . 89.14 Dec . 89.22 89.18 90.24 9L20 92.16 97.28 99.31 89.02 87.26 86.08 85.03 84.16 85.12 83.18 81. 20 79.04 76.00 73.30 74. 26

Dec, Dec . J an . J a n . J a n . May May Sept . A u g . Aug . Sept . Oct . Dec . J a n . J an . J a n . J a n . J a n . May

1,1969 !, 1969 1,1969 ', 1970 ,, 1969 1.1969 1.1970 ,1969 1,1970 1,1969 1.1969 ,1970 1.1970 ', 1969 , 1969 1.1969 K1970 1.1970 1,1970 ,1970 ,1970 1,1966 1,1966 1,1966 ,1966 , 1966 , 1967 1,1970 ', 1970 , 1970 1,1970 1,1970 1,1970

ZP

t—I ZP

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1 Excludes T r e a s u r y bills, which are fully taxable . Fo r description a n d a m o u n t of each issue ou t s t and ing on J u n e 30,1970, see t ab le 28; for inforraation as of J u n e 30,1969, see 1969 "Sta t i s t ica l A p p e n d i x , " p . 77.

2 Beginning Apr i l 1953, prices are closing b id quo ta t ions . Prices for prior da tes are t he m e a n of closing b id a n d ask quota t ions ; " w h e n i ssued" prices are inc luded in price range. Da t e s of highs a n d lows in case of recurrence are t he latest da tes . Issues w i t h original m a t u r i t y of less t h a n 1 year are excluded.

3 Yields are c o m p u t e d to earliest call da t e when prices are above par a n d to matm-i ty da t e w h e n prices are a t p a r or below.

N O T E . — P r i c e s a n d yields (based on closing b id prices) on J u n e 30, 1969 a n d 1970 are over-the-counter quo ta t ions , as repor ted to the T r e a s u r y D e p a r t m e n t b y t h e Federa l Reserve B a n k of N e w York . Yields are percent per a n n u m compounded semiannuaUy except t h a t on securities hav ing only one interest p a y m e n t , they are compu ted on a s imple interes t basis .

to to

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to to 00

VI.—Ownership of Federal securities

TABLE 49.—Estimated ownership of Federal securities outstanding June 30, 1960-70

[Pa r value.i I n biUions of doUars]

o

o

o

K|

o

y ^

> CO

d Kj

J u n e 30 T o t a l

a m o u n t out- T o t a l

s t and ing 2

Held b y banks

Commer­cial banks

Federa l Reserve b a n k s

Held b y U .S . Gov­

e rnmen t accounts

Held b y p r iva te n o n b a n k investors

T o t a l ndivid-uals 3

• Insurance companies

Mu t ua l savmgs banks

Corpo­rat ions *

S ta te , and MisceUa-local gov- neous e rnmen t s « hivestors ^

I . P u b h c deb t issues

I960.. 1961.. 1962.. 1963.. 1964.. 1965-. 1966.. 1967.. 1968.. 1969.. 1970..

286.3 289.0 298.2 305.9 3 n . 7 317.3 319.9 326.2 347.6 353.7 370.9

8 L 8 89.8 94.8 96.3 95.0 97.3 97.0

102.2

nn.o r 109. 4

I ILO

65.3 62.6 66.1 64.3 60.2 58.2 64.8 56.6

'•59.7 '•55.3

53.3

26.5 27.3 29.7 32.0 34.8 39.1 42.2 46.7 52.2 54.1 57.7

53.1 53.7 54.3 55.6 68.6 6 L 1 64.3 7 L 8 76.1 84.8 95.2

15L4 145.6 149.2 163.9 168.2 158.9 158.7 152.2

'•159.5 '•159.6

164.7

69.7 64.6 65.7 66.0 68.8 70.9 73.1 70.9

••74.8 '•77.9

82.5

12.0 1L4 1 L 3 10.9 10.8 10.6 9.6 8.6 8.1 7.7 6.8

6.3 6.2 6.0 5.8 6.6 6.0 4.1 3.9 3.3 2.9

19.6 18.6 18.2 18.7 18.9 15.3 14.2

'•11.0 13.0

'•12.6 11.1

18.8 19.3 20.1 2L4 22.6 24.1 24.6

'•23.6 '•24.6 '•25.2

-24. 6

24.8 25.4 27.7 30.9 3L4 32.6 32.3

'•34.0 ••35.1 '•32.9

36.9

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II. Agency issues ^

I960.. 1961.. 1962.. 1963. 1964.. 1966.. 1966.. 1967.. 1968.. 1969.. 1970-.

6.8 6.5 7.9 8.1 8.6 9.3

13.4 18.6 24.4 14.2 12.6

. 8 LO L 5 L 8 2.2 2.6 3.6 5.4 6.5 3.0 2.2

. 8 1.0 1.5 -1.8 2.2 2.5 3.6 -5.4 6.6 3.0 2.2

. 6

. 6

. 7

. 7

. 6

. 5

. 5 2.0 3.0 2.8 2.6

5.4 4.9 6.7 6.6 6.8 6.3 9.3

I L l 14.9 8.4 7.8

L 8 LO L 4 1.4 L 9 L 9 2.3 2.9 4.0 L 2 L 4

.6

.4

.5

.5

.6

.6

.7 L l L3

L 4 L 2 LO . 8 . 8 . 6

LO . 6

L l . 4 . 4

L l L 6 L 8 2.0 L 7 2.3 3.0 3.6

••4.7 3.8 3.8

.3

.5

.6

.5

.4

.5 L8 2.0

'2.9 L4 LO

CQ

I ZP

a %

%

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 Government agencies that are classified as debt under the new unifled budget concept. For debt subject to limitation, see table 30.

8 Includes partnerships and personal trust accounts. * Exclusive of banks and insmance companies. » Comprises trust, sinking, and investment funds of State and local governments

Territories, and possessions.

fl Includes savings and loan associations, nonprofit associations, corporate pension trust funds, dealers and brokers, and investments of foreign balances and intemational accounts in this country. Also included are certain Government deposit accounts and Government-sponsored agencies.

7 See text of Federal Debt Management section (pages 11-23, 1970 Annual Report) for a discussion of issuing agencies and the changes in fiscal 1970.

•^Revised.

to to CO

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230 19 70 REPORT OF THE SECRETARY OF THE TREASURY

TABLE 50.—Summary of Treasury survey of owner [Par value. In

Classification

N u m b e r of ins t i tu t ions or funds

PubUc deb t issues: Interest-bearing publ ic debt securities:

Marketable Nonraarke tab le 5 Special issues

To ta l interest-bearing publ ic deb t securi t ies . .

Ma tu red deb t and deb t bearing no interes t . .

To ta l publ ic debt securit ies.

Gove rnmen t agency issues: Regular issues Par t ic ipa t ion certificates f

To ta l Government agency securities covered in Treasury survey

Nonsurveyed Government agency secur i t ies . . . _

To ta l Gove rnmen t agency securities _.

To ta l Federal securi t ies . .

Memorandura : Securities issued b y selected Govern­raent-sponsored agencies K . .

Tota l a raoun t outs tanding i

J u n e 30

1969

226,107 58,833 66, 790

351,729

1,991

363,720

1,963 10,414

12,377

1,880

14,256

367,977

8 25,060

1970

232,599 60,103 76,323

369,026

1,893

370,919

1,913 8,813

10, 726

1,783

12,509

383,428

8 35,822

U .S . Govern­m e n t accounts

and Federal Reserve b a n k s

J u n e 30

1969

70,099 2,071

66, 738

138,908

138,908

137 2,453

2,689

257

2,847

141,754

472

1970

74,689 2,071

76,124

152,884

152,884

100 2,211

2,311

243

2,663

155,437

117

To ta l pr iva te investors

Jurie 30

1969

156,008 56,762

52

212,822

1,991

214,813

1,826 7,961

9,787

1,623

11,410

226,223

24,688

1970

157,911 58,032

199

216,142

1,893

218,035

1,813 6,602

8,416

1,640

9,955

227,990

35,705

He ld b y pr ivate investors covered in Treasury

survey

Comraerc ia l baiU5s2

J u n e 30

1969

6,808

44,132 54

.44,187

44,187

275 1,937

2,212

3,868

1970

6,743

42,451 49

42,500

42,600

241 1,424

1,666

4,885

Mutua l savings b a n k s 2

J u n e 30

1969

499

3,267 25

3,293

3,293

134 486

619

1,314

1970

496

2,848 14

2,862

2,862

120 403

523

1,407

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 30.

2 Excludes trust departments. 3 Included with aU other investors are those banks, insurance corapanies, savings and loan associations,

corporations, and State and local government funds not reporting in the Treasury survey. Also included are certain (Jovernment deposit accounts and Government-sponsored agencies.

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STATISTICAL APPENDIX 231 ship of Federal securities, J u n e 30, 1969 and 1970

mUlions of dollars]

Held b y pr ivate investors covered in Treasury survey—Cont inued

Insu rance companies

Life

J u n e 30

1969

293

3,384 34

3,419

3,419

139 47

186

68

1970

290

3,238 32

3,270

3,270

137 44

181

95

Fire , casual ty ,

a n d mar ine

J u n e 30

1969

460

3,199 31

3,230

3,230

21 316

337

279

1970

458

2,631 28

2,658

2,658

35 296

331

390

Savings a n d loan

associations

J u n e 30

1969

488

4,472 12

4,483

4,483

77 168

245

867

1970

488

3,564 10

3,574

3,574

66 134

200

1,693

Corpora­tions

J u n e 30

1969

469

6,377 1

5,378

5,378

23 179

202

1,040

1970

468

3,639 1

3,640

3,640

69 103

172

981

Sta te a n d local governments

General funds

J u n e 30

1969

316

9,353 57

9,411

9,411

274 586

860

2,859

1970

316

9,804 44

9,848

9,848

106 531

637

3,243

Pension a n d re t i rement

funds

J u n e 30

1969

187

4,233 62

4,294

4,294

229 846

1,075

219

1970

187

3,432 58

3,491

3,491

245 887

1,132

291

AU other pr ivate

investors 3

J u n e 30

1969

78,591 56,485

52

136,128

1,991

137,119

653 3,398

4,051

=

14,076

1970

86,303 67,796

199

144,298

1,893

146,191

794 2,781

3,576

22,719

Memo­r a n d u m : He ld b y corporate pension

t rus t funds«

J u n e 30

1969

28,761

1,860 157

2,007

2,007

25 172

197

228

1970

36,401

1,784 138

1,922

1,922

30 174

204

395

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. ^ Federal Home loan banks. Federal land banks, and beginning in.1969, the Federal National Mortgage

Association, banks for cooperatives, and Federal intermediate credit banks. 8 Includes securities issued for use as collateral for short term borrowings.

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232 19 70 REPORT OF THE SECRETARY OF THE TREASURY

Account of the Treasurer of the United States

TABLE 51.—Assets and liabilities in the account of the Treasurer of the United States, June 30, 1969 and 1970

[From records of the Treasurer's OfBce. The balances shown in this table give eflect to all transactions through June 30, including those for which reports were received after that date. They may, therefore, difler from balances in daily Treasury statements dated June 30 which are published on the third business day in July. See "Bases of Tables"]

June 30, 1969 June 30, 1970 Increase, or decrease (—)

GOLD

Assets: Gold $10,366,990,582.92 $11,367,017,796.81 $1,000,027,212.89

Liabilities: Gold certificates. Series of 1934, outstand­

ing , 1,277,800.00 1,277,800.00 Gold certificate fund—Board of Gover­

nors, Federal Reserve System 10,026,113,823.84 11,044,113,823.84 1,018,000,000.00 International Monetary Fund gold

deposit - 227,992,964.61 210,492,967.44 -17,499,997.07 Gold balance — 111,606,994.67 111,133,204.63 -472,790.04

Total 10,366,990,582.92 11,367,017,795.81 1,000,027,212.89

GENERAL ACCOUNT Assets:

In Treasury oflQces: Gold balance (as above) 111, 605,994. 67 111, 133,204. 53 -472,790.04 Silver dollars 3,017,624.00 3,043,904.00 26,280.00 Fractional coin 130,635,070.31 13,924,455.00 -116,610,615.31 Paper currency - 159,407,478.00 100,195,612.00 -59,211,866.00 Coinage metal:

Silver - - 112,183,966.76 74,966,793.79 -37,218,162.97 Other 120,068,379.45 171,698,064.68 -48,360,314.77

Unclassified collections, uncollected items, exchanges, etc. (net) „ ._ 117,527,573.18 105,611,668.69 -12,016,004.49

SubtotaL — 754,336,076.27 480,472,602.69 -273,863,473.68

Deposits: In Federal Reserve banks:

Available funds 1,257,903,574.22 1,004,736,249.80 - 253,168,324.42 In process of coUection. 393,210,787.61 364,921,404.19 -38,289,383.42

In special depositaries, Treasury tax and loan accounts 4,624,839,888.38 6,929,180, 111. 67 2,404,340,223.19

In national and other bank depositar­ies 161,816,39L 42 113,777,484.27 -38,038,907.15

In foreign depositaries 58,970,814.94 38,682,070.71 -20,288,744.23 Funds in transit between depositaries- 403,330,857.28 369, 032,692.71 -34,298,164.57

Subtotal — . 6,790,072,313.85 8,810,329,013.25 2,020,266,699.40

Total assets. Treasurer's account 7,644,408,390.12 9,290,801, 615.94 1,746,393,225.82 D educt net transactions in transit as of June 30. 440,870,370. 04 274,905,835.42 165,964,534.62

General account balance, as published in daily Treasury statements 7,103,538,020.08 9,016,895,780.52 1,912,357,760.44

1 Coinage metal valued at $76,069,664.87 (see table 67) less $3,361,490.19 payable to vendors of such metal.

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STATISTICAL APPENDIX 2 3 3

TABLE 52.—Accountability of the Treasurer of the United States on an accounting hasis, June SO, 1964-70

[On basis of daUy Treasmy statements and accounts of the Treasmer of the United States]

Published In Transactions lu Fiscalyear dailyTreasury transit as of Total

statements June 30

1964 $6,766,466,061 -$27,889,624 $6,738,666,437 1966 6,216,666,047 61,116,375 6,266,781,422 1956 6,646,183,868 263,384,165 6,799,668,033 1957 6,589,952,362 68,517,897 5,648,470,259 1958 9,749,102,978 48,349,862 9,797,452,839 1959 6,350,391,763 41,300,160 6,391,691,923 1960 8,004,740,998 151,277,138 8,156,018,136 1961 6,694.119,964 76.497,633 6,770.617,586 1962 10,430,393,649 73,817,403 10,504,210,952 1963 12,116,176,163 264,232,225 12,380,408,389 1964 11,035,731,209 80,408,596 11,116,139,804 1965 12,610,264,635 99,732,049 12,709,996,684 1966 12,407,377,210 42,138,112 12,449,515,322 1967 7,758,994,525 119,526,350 7,878,519.874 1968 6,694,062,122 90,630,717 6,784,692.839 1969 7,103,638,020 440,870,370 7,544,408,390 1970 9,015,895,781 274,905,835 9,290,801,616

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T A B L E 53.—Analysis of changes in fax and loan account balances, fiscal years 1960-70

[In miUions of dollars. On basis of telegraphic reports]

Pi

o H O

o pi

y ^

> Pi y<

o

y ^

W

Pi

> ZP cl Kl

Fiscal year or month

Credits Balance

Proceeds from sales of securities» Taxes

Savirigs Rethement Tax bonds and plan and antici-

savings tax and loss pation notes 2 bonds s securities

Other Withheld

excise and cor­porate *

Total Income credits

(by special arrange­ment) *

With­drawals

End of period

During period

High Low Average

1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1969—July

August Septeniber. October Noveraber.. Deceraber..

2,679 2,787 2,725 2,699 (*) 2,760 2 2,636 1 2,704 1 2,783 1 2,673 5 2,599 4 2,573 5 219 (*) 199 (*) 196 1 207 (*) 183 (*) 210 1

7,784 7,920 7, 613 1, 788 6,898 3,774 2,963 3,830

2,014 2,340 7,368 1,627 7, 643 1,173 9,638 9, 576 10,408 5, 417 13,043 3, 640 3,374

2,105

"3,'823 .'.'.'-".".'.'-'.'.' 2,407 (*)

33,059 6,053 57.496 54,782 6,458 6,458 1,390 4,103 34,511 9,142 55,842 56,847 5,453 7,653 1,161 4,151 37,519 6,521 56,438 53,076 8,816 8,889 1,531 4,457 41,267 6,835 57,595 56,085 10,324 10,324 2,535 5,325 43,580 9.921 58,277 59,421 9.180 10,257 1.577 4.747 42,475 12.598 60,050 58,540 10.689 10,872 1,844 6,431 48,478 14,522 74,699 75,338 10,050 11,274 447 4,324 70,524 9.257 91,382 97,160 4,272 9.979 710 3.775 90,791 112.583 112,741 4,113 8,004 1,029 4.191 123,906 142,333 141,921 4,525 9,720 709 4,329 132,460 151,721 149,317 6,929 7,990 894 4,022 8,966 12,559 12,453 4,630 6,460 1,472 4,169 9,874 12,178 13,787 3.020 4,901 1,083 2,912 13,591 13,788 11,289 5,519 6,732 894 3,553 8,565 12,595 13,712 4,402 5,468 1,180 2,945 9,780 12,371 11,438 5,335 5,967 1,541 3,746 13,092 13,303 14,735 3,903 6,640 1,222 3,876

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7.953 10,128 15,957 12,452 12, 594 12,819

5,188 5,592 5.630 5,123 4,605 6,929

5,333 6,419 6,666 5,123 6,267 7,990

1,803 3,840 3,487 1,206 3,468 1,677

3.329 5,472 5,331 3,454 4,850 4,632

1970—January. 1. . . 258 (*) 8.980 9,238 February 227 (*) 10.305 10.532 March 224 1 3,438 12,332 15.994 AprU 224 1 (*) 11,719 11.944 May. 210 (*) 1,535 10,331 12,076 June 217 1 1 14,925 15,143

•Less than $500,000. * Taxes eligible for credit consist of those deposited by taxpayers in the depositary * Special depositaries are permitted to make payment in the form of a deposit credit banks, as foUows: Withheld income taxes beginnhig March 1948; taxes on eraployers and

for the purchase price of U.S. Governraent securities purchased by thera for their own employees under the Federal Insurance Contributions Act beginning January 1950, account, or for the account of their customers who enter subscriptions through them, and under the RaUroad Retirement Tax Act begiiming July 1951; a number of excise when this method of payment is permitted under the terms of the circulars inviting taxes beginning July 1953; estiraated corporation income taxes beginning AprU subscriptions to the issues. 1967; and aU corporation incorae taxes due on or after Mar. 15,1968.

2 U.S. savings notes first offered for sale as of May 1, 1967 and discontinued after ^ Under a special procedure begun in Mar. 1951, authorization was given during certain June 30, 1970. periods for income tax payinents, or a portion of them made by checks of $10,000 or

3 Retirement plan bonds first offered for sale as of Jan. 1,1963; tax and loss bonds first more drawn on a special depositary bank to be credited to the tax and loan account in ^ issued hi March 1968. that bank. This procedure was discontinued in AprU 1967. yq

h-i ZP

o >

to CO CTl

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bO CO

Stock and Circulation of Money in the United States TABLE 54.—Currency and coin outstanding, in the Treasury, in the Federal Reserve hanks and in circulation, hy kinds, June 30, 1970

[In thousands of dollars, except per capita figmes. From records of the Treasurer's Oflace, supplemented by reports from Treasury oflfices and Federal Reserve banks. The figmes shown in this table give effect to all transactions through June 30, including those for which reports were received after that date. They may, therefore, difler from similar figures in other tables prepared on the basis of daily Treasury statements. See "Statement of United States Currency and Coin" published monthly]

AMOUNTS OUTSTANDING AND IN CIRCULATION

Currencies presently being issued '

- Total cm-rency and coin

Total Federal Reserve notes 2

U.S. notes 3 Total

Amounts outstanding Less amounts held by:

The Treasury The Federal Reserve banks.

Amounts in chculation

Amounts outstanding Less amounts held by:

TheTreasury. The Federal Reserve banks.

Amounts in circulation

Coin

Standard silver

doUars

Fractional coin

67, 416,085

117,164 2,947,949

54,360,972<