A rise of from $5,000,000,000 to $10,000,000,000 per month in values is to be expected if purchasing power is created through the Nation, as is proposed in the amendments which I have suggested. U.S. Treasury 44's, 1947-52 104.8 100. 2 45, 634, 000 110.00 98.30 109.27 +7.26 116.6 Jan. 7, 1928 98.1 May 27, 1923 U.S. Treasury 44s, registered- 112.6 106.00 78 109. 18 100. 1 109. 18 +3.18 115. 16 Dec. 27, 1927 98.28 Apr. 6, 1922 UNITED STATES GOVERNMENT LOANS The following table gives the high, low, last and yearly net change as of March 3, 1933, on all United States Government obligations dealt in on the New York Stock Exchange this year, together with nominal bid and asked closing quotations of yesterday; also yields and high and low since date of issue: NOTE. Quotations after the decimal point in the above tables represent one or more thirty-seconds of a point. Principal of the public debt outstanding at the end of each fiscal year from 1853 to 1932 1 1 Figures for 1853 to 1885, inclusive, are taken from "Statement of receipts and expenditures of the Government from 1855 to 1885 and principal public debt from 1791 to 1885," compiled from the official records of the Register's office. Later figures are taken from the monthly debt statements and revised figures published in the annual reports of the Secretary of the Treasury. 2 Exclusive of bonds issued to the Pacific railways (provision having been made by law to secure the Treasury against both principal and interest) and the Navy pension fund (which was in no sense a debt, the principal being the property of the United States). 3 Includes old demand notes; United States notes, less the amount of the gold reserve since 1900; postal currency and fractional currency less the amounts officially estimated to have been destroyed; and also the redemption fund held by the Treasury to retire national-bank notes of national banks failed, in liquidation, and reducing circulation, which prior to 1890 was not included in the published debt statements. Does not include gold, silver, or currency certificates or Treasury notes of 1890 for redemption of which an exact equivalent of the respective kinds of money or bullion was held in the Treasury. Principal of the public debt outstanding at the end of each fiscal year from 1853 to 1 Interest-bearing 1 debt outstanding June 30, 1932, by kind of security and callable period or payable date Treasuty certificates, adjusted service. July 1, '32-Jan. 1. '332 $105, 000, 000 July 1, '32-Aug. 1, '36 36, 247, 260 Consols. After July 1, 1932.. 599, 724, 050 First Liberty loan.. July 1,'32-June 15,'47 1,933, 214, 100 Treasury bills. July 13, 1932. 76, 200, 000 Do... July 20, 1932. 75, 600, 000 Do... July 27, 1932_ 51, 550, 000 Treasury bills. Aug. 10, 1932_ Do... Aug. 17, 1932. 227, 631, 000 Do.. Aug. 24, 1932_ 60,050,000 Certificates of indebtedness, first Aug, 29, 1932-Mar. 15, 33, 960, 900 1 Matured debt on which interest has ceased amounted to $60,086,685, of which $9,507,900 was Treasury notes, $3,080,850 was Second Liberty bonds, and $5,067,250 was Third Liberty loan bonds; and debt bearing no interest was $265,649,540. Funds available for the adjusted service certificate fund are invested and reinvested in special shortterm securities which are redeemed from time to time to meet current obligations. These transactions will occur until the adjusted service certificates mature about 1945. 3 Callable and payable dates for all issues of postal savings bonds fall within the period indicated. Funds acquired during year are invested in short-term securities. Therefore, these issues in varying amounts will be outstanding indefinitely. Interest paid on the public debt, by issues, for the fiscal years 1930 to 1932 1 [On basis of warrants issued] 1 For details for the fiscal years 1918 to 1929, see annual report for 1929, p. 503. 2 Deduct excess of credits, collection of interest accruals, and counter warrant adjustments. 3 Sold on a discount basis. Amount of interest-bearing debt outstanding on June 30, the computed annual interest charge, and the computed rate of interest, for the fiscal years 1916 to 1932 |