Page images
PDF
EPUB

TABLE 52.-Summary of Treasury survey of ownership of interest

[blocks in formation]

Total public marketable... 178, 138 183, 985 53, 403 48, 011 6, 309 6, 202 4, 850 4, 593 4, 181 4, 349

[blocks in formation]

Grand total__

281, 944 283, 380 54, 367 48, 617 7, 3316, 575 6, 948 6, 247 4, 525 4, 555

[blocks in formation]

Total public marketable... 178, 138 183, 985 53, 403 48, 011 6, 309 6, 202 4, 850 4, 593 4, 181 4,349

*Less than $500,000.

1 Banks and insurance companies covered in the Treasury survey of ownership of securities issued or guaranteed by the U.S. Government account for approximately 95 percent of the amount of such securities owned by all banks and insurance companies in the United States. The savings and loan associations and corporations which were added to the survey in 1960 account for about half of the Federal securities held by these investor classes. Details as to the ownership of each security are available in the Treasury Bulletin monthly for the above investors and semiannually for commercial banks classified by membership in the Federal Reserve System. Table 25 in this report shows from 1946-1960 the maturity distribution of marketable, interest-bearing public debt and guaranteed obligations by call classes and by maturity classes. 2 Securities held in trust departments are excluded. Includes trust companies and stock savings banks.

Reports from certain large savings and loan associations and corporations were added to the Treasury survey in fiscal 1960. Comparable figures are not available for June 1959.

In fiscal 1959 includes all savings and loan associations and corporations as well as all other investors not reporting to the Treasury survey. In fiscal 1960 data for the savings and loan associations and corporations

bearing public debt and guaranteed obligations, June 30, 1959 and 1960

[blocks in formation]

which report to the Treasury survey have been subtracted and to this extent the figures for the two fiscal years are not comparable.

Consists of corporate pension trust funds and profit-sharing plans which involve retirement benefits. Quarterly data are presented in the Treasury Bulletin as supplemental information in a memorandum column accompanying the Survey of Ownership for each reporting date, beginning with December 31, 1953. The corresponding information from earlier reports, beginning with December 31, 1949, is summarized on page 30, of the March 1954 Treasury Bulletin.

U.S. savings bonds other than Series G, H, and K are included at current redemption value. They were reported at maturity value by the investors covered in the Treasury survey and have been adjusted to current redemption value for this table.

Includes depositary bonds held by commercial banks not included in the survey: $76 million in 1959 and $76 million in 1960.

All issues classified to final maturity except partially tax-exempt bonds which are classified to earliest call date.

Account of the Treasurer of the United States

TABLE 53.-Assets and liabilities in the account of the Treasurer of the United States, June 30, 1959 and 1960

[On basis of daily Treasury statements, see "Bases of Tables"]

[blocks in formation]

1 Reserve against U.S. notes ($346,681,016 in 1959 and 1960) and Treasury notes of 1890 outstanding ($1,141,684 in 1959 and 1960). Treasury notes of 1890 are also secured by silver dollars in the Treasury.

There were 64,751,316.1 ounces held on June 30, 1959 and 1960, by certain Federal agencies.

TABLE 54.-Analysis of changes in tax and loan account balances, fiscal years 1952-60

[blocks in formation]

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

Taxes eligible for credit consist of those deposited by taxpayers in the depositary banks, as follows: Withheld income tax beginning March 1948; taxes on employers and

employees under the Federal Insurance Contributions Act beginning January 1950,
and under the Railroad Retirement Tax Act beginning July 1951; and a number of
excise taxes beginning July 1953.

3 Under a special procedure begun in March 1951, authorization may be given for
income tax payments, or a portion of them, made by checks of $10,000 or more drawn on
a special depositary bank to be credited to the tax and loan account in that bank. This
procedure is followed during some of the quarterly periods of heavy tax payments.

Stock and Circulation of Money in the United States

TABLE 55.-Stock of money, money in the Treasury, in the Federal Reserve Banks, and in circulation, by kinds, June 30, 1960 [In thousands of dollars, except per capita figures. On basis of reports received from various Treasury offices and Federal Reserve Banks which take into account those transactions in transit to the Treasurer's Office as of June 30, supplemented by information taken from the Treasurer's accounts. Therefore, the figures shown in this table may differ from similar figures in other tables prepared on basis of daily Treasury statements]

[blocks in formation]
« PreviousContinue »