TABLE 34.-Issues, maturities, and redemptions of interest-bearing public debt securities, excluding special issues, July 1959-June 1960 Continued

TABLE 34.-Issues, maturities, and redemptions of interest-bearing public debl securities, excluding special issues, July 1959-June 1960 Continued

Series H-1957 (February to December).
Series H-1958.

Series H-1959 (January to May)..

30

Series J-1955_

30

Series J-1956.

30

Series J-1957.

1,072, 173. 94

181, 476.50 82, 120, 399. 21 2,704, 500.00 1,917,000.00 6, 514, 500.00 3,931,000.00 1,908, 500.00 227,500.00 8 3,787, 500.00 1,028,500.00

30, 941, 000. 00

12, 000, 00

110, 524, 400. 00

13, 027, 438, 679. 44 17, 104, 752, 046, 53 155, 596, 832, 153. 72 154, 002, 481, 150. 86

Interest rates on Series E and H savings bonds were increased on Sept. 22, 1959, retroactive to June 1,

1959.

For Treasury bills, average rates on bank discount basis are shown; for savings bonds, approximate yield to maturity is shown.

Since May 1, 1957, Series E and H bonds have been the only savings bonds on sale. Amounts represent accrued discount plus issue price of bonds in adjustment cases for Series F and J and for Series E not currently on sale. For Series E currently on sale and for Series J (prior to May 1957), amounts represent issue price plus accrued discount, and for Series H and for Series K (prior to May 1957), amounts represent issue price at par.

For savings bonds of Series E, F, and J, amounts represent current redemption value (issue price plus accrued discount); and for Series G, H, and K, amounts represent redemption value at par.

5 Average interest rate for combined original and additional issues.

At option of owner, Series E bonds dated May 1, 1941, through May 1, 1949, may be held and will accrue interest for additional 20 years; bonds dated on and after June 1, 1949, may be held and will accrue interest for additional 10 years.

7 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, computed on the basis of bonds outstanding May 31, 1959 (see Treasury Circulars Nos. 653 and 905 revised Sept. 23, 1959, for details of yields by issue dates).

Deduct: Amounts transferred from unclassified sales and redemptions to sales and redemptions of designated series.

• Deduct.

10 Incomplete.

2.76

208, 061. 13

TABLE 35.-Allotments by investor classes on subscriptions for marketable securities other than regular weekly Treasury bills, fiscal year

1960

[In millions of dollars. On basis of subscription and allotment reports]

July 20 434%

TABLE 36. Public debt increases and decreases, and balances in the account of Treasurer of the U.S., fiscal years 1916-60

[In millions of dollars. On basis of daily Treasury statements, see "Bases of Tables"]

1 Effective with the fiscal year 1948, statutory debt retirements have been excluded from budget expenditures; they are shown here for purposes of comparison.

* Adjustment for overstatement of price paid for securities purchased in fiscal 1956 at a discount but previously stated at par value.

SUMMARY OF CHANGES IN THE PUBLIC DEBT, FISCAL YEARS 1916-60

TABLE 37.-Statutory debt retirements, fiscal years 1918–1960

[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"]

1 Includes $4,842,066.45 written off the debt Dec. 31, 1920, for fractional currency estimated to have been lost or destroyed in circulation.

* Beginning with 1947, bonds acquired through gifts, forfeitures, and estate taxes are redeemed prior to maturity from regular public debt receipts.

Represents payments from net earnings, War Damage Corporation.

Adjustment for overstatement of price paid for securities purchased in fiscal 1956 at a discount but previously stated at par value.