~mKJ INTEREST PAYABLE A.UOTJNT ISSUKD AMOUNT RETIBED AHOTJHT OTrTrturomo

INTEREST-BEARING DEBT Prtllc Issues: Bonds: $200, 000. 00 $49, 800, ooa 00 Panama Canal loan of 1961 ia) if) 37o June 1, 1911. June 1, 1961. Mar. 1, June 1, Sept. $50, 000, 000. 00 1, Dec. 1. Conversion bonds of 1946. Q>) if) 97o Jan. 1, 1916. Jan. 1, 1946. Jan. 1, Apr. 1, July 15, 761, 000. 00 15, 761, 000. 00 1, Oct. 1. Jan. 1, 1917 Jan. 1, 1947 •_•_ 13,133,500.00 13, 133. 500. 00 Conversion bonds of 1947 ib) if) .do. Postal Savings bonds (30th to 49th series). ic) if) 2H% Jan. 1, and July 1,1926- 1 year from date of issue. 20 years from date of issue. Jan. 1, July 1. 116, 894, 720. 00 2, 820. 00 116, 891, 900. 00 35. Treasury Bonds: $195, 686, 400. 00 945, 800. 00 4H% bonds of 1947-52 id) ia) 4V4% Oct. 16, 1922.. Oct. 15, 1947 Oct. 15, 1952 Apr. 15,Oct . 15... 763, 962, 300. 00 5,016,500.00 758, 8H% bonds of 1946-66 id) o%% Mar. 15, 1926. Mar. 15, 1946 Mar. 15, 1956- Mar. 15, Sept. 15. 494, 898, 100. 00 5, 818, 000. 00 489, 080, 100. 00 8H% bonds of 1946-49 id) %\ 3K% June 15, 1931. June 15, 1946 June 15, 1949 June 15, Dec. 15.. 821,406,000.00 2, 779. 000. 00 818, 627, 000. 00 io) Sept. 15, 1931. Sept. 15,195 1 Sept. 15, 1955. Mar. 15, Sept. 15. 800, 424, 000. 00 44, 993, 000. 00 755, 431, 000. 00 8% bonds of 1951-55 id) 3% 8% bonds of 1946-48 id) ia) June 15, 1934- June 15, 1946 June 15, 1948 June 15, Dec. 15.. 1,035,885,050.00 11, 650. 00 1,035, 873, 400. 00 3H% bonds of 1949-52. id) io) 3% Dec. 15, 1934. Dec. 15,1949 Dec. 15, 1952 do .... 491, 377,100 . 00 2, 000. 00 375.491, 100. 00 VA% bonds of 1955-60. id) o%7o Mar. 15, 1935. Mar. 15, 1955 ,. Mar. 15, 1960 Mar. 15, Sept. 15 2,611,156, 200. 00 64, 050. 00 2,611, 092, 15a 00 2%% bonds of 1945-47. ft 2%%, Sept. 16, 1935. 1, 214, 453,900 . 00 428, 950. 00 id) Mar. 15,calle d for redemption on Sept. 15, 1945 ZZZ. do'ZZZZ. zzzzz. 24, 950. 00 1. 214, 2K% bonds of 1948-51. ia) 2Y47o Mar. 16, 1936. 1, 223, 496,85 Q ^0 495. 850. 00 id) June 15, 1948 Mar. 15, 1951 June 15, Dec. 15 1, 000. 00 1, 223, 2July 22, 1940. June 15,1954.. June 15,1956. .do. 1,118,051,100.00 ig) 2% 680, 692,350. 00 2% bonds of 1953-55 J. id) Oct. 7, 1940.. June 15, 1953.. June 15, 1955. .do. 680, 692, 350. 00 ia) 2Yi%> Mar. 15, Sept. 15. 724, 677,900 . 00 500. 00 2% bonds of 1948-50 (dated Mar. 15, 1941). id) Mar. 15, 1941. Mar. 15, 1948.. Mar. 15, 1950. 724, 677. 900. 00 (h) do 1,115,368, 400. 00 2W% bonds of 1952-64 id) 2K% Mar. 31, 1941. Mar. 15, 1952.. Mar. 15, 1954. 1,115, 367, 900. 00 ih) do 1, 023, 568,350 . 00 2H% bonds of 1956-68 id) 2% June 2, 1941_. Mar. 15, 1956.. Mar. 15, 1958. 1, 023, 568, 350. 00 2K% bonds of 1967-72 (datedOct. 20,1941). ih) do 1, 448, 747,650 . 00 1, 000. 00 id) 2% Oct. 20, 1941. Sept. 15,1967.. Sept. 15,1972 . 1, 448, 747, 650. 00 2% bonds of 1951-55 ih) June 15, Dec. 15. 2, 716, 150.045, 00 22, 274, 000. 00 id) 2H% Dec. 15, 1941. Dec. 15, 1951.. Dee. 15, 1955. 2, 716, 044, 150. 00 2% bonds of 1949-51 (dated Jan. 16, 1942). ih) do 532, 687,950 . 00 51T), 413, 950. 00 id) 2H% Jan. 15, 1942. June 15, 1949.. June 15, 1951. .do. 10, 014, 000. 00 2W% bonds of 1952-56 ih) 1, 014, 018,900 . 00 1, 014, 018, 900. 00 id) Feb. 25, 1942. June 15, 1952.. June 15, 1955, .do. 16, 000. 00 2&% bonds of 1962-67 ih) 2K% 1, 510, 795,300 . 00 id) May 5, 1942.. June 15, 1962 >. June 15, 1967. 1, 500, 781, 300. 00 2% bonds of 1949-51 (dated May 15,1942). ih) 2% Mar. 15, Sept. 15. 2,118, 164,500 . 00 id) May 15, 1942. Sept. 15,1949.. Sept. 15,1951. 2,118, 148,500.00 2% bonds of 1049-51 (dated July 15, 1942) ih) 2% June 15, Dec. 15. 1, 292, 100.444, 00 id) July 15, 1942, Dec. 15, 1949.. Dec. 15, 1951. 1, 292, 444, 100. 00 2% bonds of 1050-52 (dated Oct. 19, 1942) (h) Mar. 15, Sept. 15. 2, 097, 617,600 . 00 id) 2M% Oct. 19, 1942. Mar. 15, 1950.. Mar. 15, 1952. 2, 097, 617, 600. 00 1#% bonds of 1948 (h) s June 15, Dec. 15. 1, 962, 688,300 . 00 id) 2%7c Dec. 1, 1942.. Dec. 15, 1963 - June 15, 1948. 50, 000. 00 1, 962, 688, 300. 00 2H% bonds of 1963-68 ih) do 3, 061, 856,000 . 00 id) 2% Apr. d15o , 1943. Sept. 15, 1950... Dec. 15, 1968. Mar. 15, Sept. 15. 4, 939,261 , 000. 00 43, 939061, 856, 000. 00 2% bonds of 1950-52 (dated Apr. 15, 1943). ih) 2, 830, 914,000 . 00 id) 2% do June 15, 1964»_. Sept. 15, 1952... June 15, Dec. l5_. 3, 761,904 , 000. 00 '52a 666."23, 830761 ,66' 864, 000. 00 2#% bonds of 1964-69 (dated Apr. 15,1943) ih) id) Sept. 15, 1943. Sept. 15, 1951... June 15, 1969— Mar. 15, Sept. 15. 7, 986,262 , 500. 00 261,7, 986 , 000. 00 2% bonds of 1951-53 _• ih) 2% id) do Dec. 15, 1964 a.. Sept. 15, 1953— June 15, Dec 15.. 3, 838,198 , 000. 00 45, 000. 00 3, 838,378 , 000. 00 2H% bonds of 1964-69 (dated Sept. 15,1943) ih) 1K% id) Feb. 1, 1944.. Sept. 15, 1956». Dec. 15. 1969... Mar. 15, Sept. 15. 3, 822,558 , 500. 00 3, 822,262 , 500. 00 2>4% bonds of 1956-59 ih) 2H% 2K% bonds of 1965-70.. * id) do Mar. 15, 1965 ».. Sept. 15, 1959— .do 5,197,394, 500. 00 8, 000. 00 5, 197,153 , 000. 00 Ah) 2% bonds of 1952-54 (dated June 26. 1944) id) June 26, 1944. June 15, 1952... Mar. 15, 1970—. June 15, Deo. 15 5, 825,482 , 000. 00 5. 825,558 , 500.00 ih) 2tff 2% bonds of 1952-54 (dated Dec. 1,1944) _. id) Dec. 1, 1944— Dec. 15, 1952... June 15, 1954... do. 8, 661,977 , 500. 00 386,8, 661 , 500. 00 ih) 2% . Sept. 15. 2#% bonds of 1966-71 id) .do. Mar. 15, 1966 K. Dec. 15, 1954... Mar. 15, 3, 480,865 , 000. 00 3, 480,482 . 000. 00 ih) 2H% June 1, 1945.. June 15.. 1#% bonds of I960 (d) Mar. 15, 1971... Dec. 15, 2, 632,805 , 500. 00 2, 632,977 , 500. 00 2Y*% bonds of 1959-62 ih) do June 15, 19592. .do. id) 2K% D(jc. 15, 1950 5, 088, 001, 500. 00 5, 088,S65 , 000. 00 2#% bonds of 1967-72 (dated June 1, 1945). ih) 2 do June 15, 1967 K .do. id) K% June 15, 1962... 7, 792, 339, 500. 00 7, 792,805 , 500. 00 ih) 001, 500. 00 id) June 15, 1972... 107, 981, 822, 200. 00 92, 048, 250. 00 107, 889, 773, 950. 00 ih) 2% 339, 500. 00 id) 2% THIS TABLE CONTINUED ON FOLLOWING PAGE; FOR FOOTNOTES, SEE P. 9 2\470 1-470 2%7o 2)47o STATEMENT OF THE PUBLIC DEBT, JULY 31, 1945—Continued (On tbe baalj of daily Treasury statements]

AUTHOB- TAX REDEEMABLE TIILI RATI or DATE or ISSUE INTEBEST PAYABLE AMOUNT ISSUED AMOUNT BETJBID AMOUNT OUTSTANDING UINO EXEMP­ INTBBBST (See footnote 1) ACT TIONS

INTEREST-BEARING DEBT—Continued

Public Issues—Continued. Bonds—Continued. United States savings bonds:'M First day of each month: id) ia) * 2. 90% Mar. to Dec. 1935.. After 60 days from issue date, 10 years from issue date. $253, 841, 331. 00 $150, 510, 647. 50 « $103, 330, 683. 50 Series A-1935 _. . on demand at option of owner. 4 .do. 447, 367, 348. 84 119, 298, 500. 84 328, 068,848 . 00 Series B-1936 id) ia) 2. 90% Jan. to Dec. 1936 do 4 ,do. .do. 553, 337, 311. 00 136, 051, 247. 00 417, 286,06 4 00 Series C-1937 id) ia) 2. 90% Jan. to Dec. 1937 Series C-1938 4 2. 90% Jan. to Dec. 1938— .do. _do. 619, 644, 315. 00 128, 145, 867. 50 491, 498,447 . 50 id) ia) .do. .do. 970, 107, 878. 00 166, 680, 826. 25 803, 427,051 . 75 Series D-1939 4 Jan. to Dec. 1939 .do. 2. 90% .do. 1, 158, 116,369. 25 165, 745, 391. 75 992, 370,977 . 50 Series D-1940 „ id) ia) Jan. to Dec. 1940— ,do. .do. *2. 90% Jan. and Feb. 1941. 372, 166, 470. 50 39, 319, 971. 00 332, 846,499 . 50 Series D-1941 (to Feb. 28) — id) ia) 4 .do. .do. 2. 90% Mar. and Apr. 1941. 127, 833, 502. 75 17, 782, 900. 00 110,050, 602. 75 Series D-1941 (from Mar. 1). 4 Total, Series A to D._s. id) ig) 2. 90% 4, 502, 414, 526. 34 923, 535, 351. 84 3, 578. 879, 174. 50 id) ih) 4 Series E-1941. id) ih) 2. 90% May to Dec. 1941. .do. .do. 1, 406, 888. 560. 67 187, 404, 971. 92 1, 219, 483, 588. 75 Series E-1942. id) ih) 4 2. 90% Jan. to Dec. 1942. .do. _do. 6, 395, 763, 901. 54 1, 347, 387, 984. 31 5, 048, 375, 917. 23 Series E-1943. 4 2. 90% Jan. to Dec. 1943. .do. .do. 10, 551, 463, 296. 57 2, 538, 472, 003. 64 8, 012, 991, 292. 93 id) ih) _do. .do. 12, 423/ 814, 198.02 2, 470, 514, 725. 68 9, 953, 299, 472. 34 Sttries E-1944. 4 2. 90% Jan. to Dec. 1944. ©> id) ih) Jan. to July 1945.. _do. .do. 5, 977, 305, 990. 75 455, 192, 001. 75 5,522, 113,989.00 Series E-1945. «2. 90% Total, Series E. id) ih) 36, 755, 235, 947. 55 6, 998, 971, 687. 30 29, 756, 264, 260. 25 Series F-1941 id) ih) 4 2. 53 % May to Dec. 1941— After 6 months from issue 12 years from issue date. 240, 994, 606. 37 25, 543, 841. 48 215, 450, 764. 89 date, on demand at option of owner on 1 month's notice. 4 2. 53% Jan. to Dec. 1942. .do. 665, 369, 671. 86 69, 090,934 . 4-1 596,-278, 737. 45 Series F-1942. id) ih) do _ Series F-l 943. id) ih) 4 2. 53% Jan. to Dec. 1943- -do_ .do. 737, 656, 233. 93 58, 801,061 . 65 678, 855, 172. 28 Series F-l 944. 4 2. 53% Jan. to Dec. 1944. .do. .do. 778, 176, 290. 82 21, 617,510 . 87 756, 558, 779. 95 id) ih) .do. .do. 725, 368. 50 075. 00 399, 430, 293. 50 Series F-1945. 4 2. 53% Jan. to July 1945- 399, 295, Total, Series F. id) ih) 2, 821, 922, 171. 48 175, 348, 423. 41 2, 646, 573, 748. 07 Series G-1941. 4 2. 50% May to Dec. 1941.. .do. .do. Semiannually. 1, 277, 241, 500. 00 86, 649,300 . 00 1, 190, 592, 200. 0.0 Series G-1942. 4 2. 50% Jan. to Dec. 1942 -do. .do_ do.. 2, 493, 030, 700. 00 160, 378, 600. 00 2, 332, 652, 100. 00 Series G-1943. 4 2. 50% Jan. to Dec. 1943— .do. _do. do._ 2, 598, 066, 200. 00 132, 938,700 . 00 2, 465, 127, 500. 00 .do. .do. 61, 826,100 . 00 2, 832, 085, 300. 00 Series G-1944. 4 2. 50% Jan. to Dec. 1944... do 2, 893, 911, 400. 00 Jan. to July 1Q45 .do. .do. do. 1, 673, 076, 30Q. 00 1, 716,200 . 00* 1, 671, 360 100. 00 Series G-1945. 4 2. 50% Total, Series G 10, 935, 326, 100. 00 443, 508, 900. 00 10, 491, 817, 200. 00 Unclassified sales and redemptions. 105, 494, 608. 40 70, 845, 359. 35 34, 649, 249. 05 Total, United States savings bonds. 55, 120, 393, 353. 77 8, 612, 209, 721. 90 $46, 508, 183, 631. 87 Depositary Bonds: Various dates: 12 years from issue date June 1, Dec. 1. 506, 910, 750. 00 88, 347, 750. 00 418, 563, 000. 00 First Series id) ih) 2% From June 28, 1941.. At any time upon 30 to 60 days' notice. Seoond Series.. (d) ih) 2% From Sept. 10, 1943. do do.. Jan. 1, July 1_. 113,944,500.00 16, 590,000. 00 97, 354, 500. 00 515, 917, 500. 00 Total bonda. 155, 109, 461, 481. 87 Mar. 15, Sept. 15 1, ZOO, 640, 500. OO 1, TOO, Q4Q, 500. OO ay Xfov. 1, 1041-. Mar. 15, 1946— IM« June 15, Deo. 15 — 3, 260, 777, OOO. OO 3, 260, 777, OOa OO S*> 0.90% June 5, 1042 Deo. 15, 1946—. -19*6 iiTiTl Dec. 1, 1944— Jan. 1, 1946 July 1, Jan. 1 3, 415, 821, 000. OO 3, 415, 821, OOO. OO ?A) 0.90% s July 1, 1946 Jan. 1, July 1 4, 909, 727, 000. 00 4, 909, 727, OOO. OO -1040 ih) June 1, 1945— 1K% Mar. 15, Sept. 15_ 2, 707, 289, 000. 00 2, 707, 289, 000. 00 Series D-1940 (h) July 12, 1943. Sept. 15, 1947— .dodo. 1, 948, 054, 000. 00 1, 948, 054, 000. 00 Series A-X947 {% ih) June 26, 1944. Mar. 15, 1947... 1M% .do. 1, 687, 244, 000. 00 1, 687, 244, 000. 00 Series B-1947 (d) ih) Dec. 1, 1944. . Sept. 15,1947.. Total, regular series. 223, 967747, 254702, 500000. 00 223, 967747, 254702, 500000.. 0000 Series C-1947 id) (h) Mar. 15, 1944. Sept. 15, 1948... NationaSeriel defenss A-194e 8series : (d) Series B-1945 id) H) Deo. 18, 1940. Dec. 15, 1945. June 15, Dec. 15. 530, 838, 700. 00 1, 500. 00 530, 837, 200. 00 Tax series: Sept. 1, 1942.. Sept. 1, 1945.. With principal at Series A-1945 (d) ih) • 1. 92% («)- time of redemption. 322, 215, 700. 00 255, 282, 975. 00 66, 932, 725. 00 Savings series: First day of each month: 4 Series C-1946. (ft) 1. 07% Sept. to Dec. 1942 3 years from issue date. CO­ 3, 749, 558, 000. 00 2, 632, 030, 000. 00 1, 117, 528,000.00 Series C-1946. 4 1. 07% Jan. to Dec. 1943 do 7, 961, 181, 600, 00 5, 561, 875, 300. 00 2, 399, 306, 300. 00 \h) _do. CO- Series C-1947 . 41.07% Jan. to Dec. 1944 8, 554, 065, 300. 00 5, 164, 864, 700. 00 3, 389, 200, 600. 00 ih) .do. 3, 558, 874, 900. 00 413, 117,400.00 3, 145, 757, 500. 00 Series C-1948. 41. 07% Jan. to July 1945 co­ Total, savings series ih) 23, 823, 679, 800 00 13, 771, 887, 400. 00 10, 051, 792, 400. 00 Total, Treasury notes co- 47v 643, 988, 700. 00 14, 027, 171, 875. 00 33, 616, 816, 825. 00 Certificates of Indebtedness: Series E-1945 —. - id) ih) Aug. 1, 1944.. Aug. 1, 1945. Feb. 1, Aug. 1. 2, 510, 959,000 . 00 2, 510,959 , 000. 00 Series F-1945 id) ih) K% Sept. 1, 1944. Sept. 1,1945 . Mar. 1, Sept. 1. 3, 693, 537,000 . 00 3, 693,537 , 000. 00 Series G-1945 Id) %%, Oct. 1, 1944— Oct. 1, 1945.. Apr. 1, Oct. 1.. 3, 491, 572,000 . 00 3, 491,572 , 000. 00 Series H-1945 . (ft) Dec. 1, 1944.. Dec. 1, 1945. June 1, Dec. 1. 4, 395, 400,000 . 00 4, 395,400 , 000. 00 id) (ft) *% Feb. 1, 1945.. Feb. 1, 1946. Aug. 1, Feb. 1. 5, 043, 467,000 . 00 5, 043,467 , 000. 00 Series A-1946 id) Series B-1946 '. (ft) %% Mar. 1, 1945.. Mar. 1, 1946. Sept. 1,Mar . 1. 4, 147, 310,000 . 00 4, 147,310 , 000. 00 id) Apr. 1, 1945.. Apr. 1, 1946. Oct. 1, Apr. 1— 4, 810, 554,000 . 00 4, 810,554 , 000. 00 Series C-1946 _ id) (ft) %7o Series D-1946 ... May 1, 1945.. May 1, 1946. Nov. 1, May 1_ 1, 579, 292,000 . 00 1, 579,292 , 000. 00 id) (ft) %% June 1, 1945.. June 1, 1946. Dec. 1, June 1_ 4, 799, 465,000 . 00 4, 799,465 , 000. 00 34, 471, 556, 000.00 Series E-1946 id) Treasury Bills (Maturity Value): (ft) 8 %7o id) if) . 375% May 3, 1945.. Aug. 2, 1945— Aug. 2, 1945— 1, 314,334 , 000. 00 314, 334, 000. 00 Series maturing: id) (ft) ». 375% May 10, 1945. Aug. 9, 1945— Aug. 9, 1945— 1, 307,423 , 000. 00 307, 423, 000. 00 Aug. 2, 1946 id) 0) ". 375%, May 17, 1945. Aug. 16, 1945. Aug. 16, 1945. 1, 307,396 , 000. 00 307, 396, 000. 00 Aug. 9, 1946 id) if) 8. 375% May 24, 1945. Aug. 23, 1945. Aug. 23, 1945. 1, 313,084 , 000. 00 313, 084, 000. 00 Aug. 16, 1945 8 409, 000. 00 id) if) . 375% May 31, 1945. Aug. 30, 1945,. Aug. 30, 1945. 1, 314, 314, 409, 000. 00 Aug. 23, 1945 Id) ". 375% June 7, 1945— Sept. 6, 1945- Sept. 6, 1945- 1, 302,298 , 000. 00 302, 298, QOO. oo Aug. 30, 1945 if) 8. 375% June 14, 1945. Sept. 13, 1945. Sept. 13, 1945. 1, 309,767 , 000. 00 309, 767, 8 ooa oo Sept. 6, 1945 id) if) . 375% June 21, 1945. Sept. 20, 1945. Sept, 20, 1945. 1, 305,337 , 000. 00 305, 337, Sept. 13, 1945 - id) 8. 375% June 28, 1945. Sept. 27. 1945. Sept. 27, 1945. 1, 317,766 , 000. 00 317, 766, 000. 00 Sept. 20, 1945 8 id) 0) . 375% July 5, 1945.. Oct. 4, 1945. . Oct. 4, 1945... 1, 304,858 , 000. 00 304, 858, 000. 00 Sept. 27, 1945 : $ 8. 375% July 12, 1945. Oct. 11, 1945-. Oct. 11, 1945- 1, 310,649 , 000. 00 310, 649, 000. 00 Oct. 4, 1945r id) 8. 375% July 19, 1945. Oct. 18, 1945.. Oct. 18, 1945.. 1, 305,479 , 000. 00 305, 479, 000. 00 17, 024, 871, 000. 00 Oct. 11, 1945 —- id) O) 8. 375% July 26, 1945. Oct. 25, 1945.. Oct. 25, 1945- 1, 312,071 , 000. 00 312, 071, 000. 00 Oct. 18, 1945 - id) 000. 00 Oct. 25, 1945 ie) ik) June 15, 1936. On demand- On or after June 15, 1946. June 15. 500, 157, 956. 40 600,157, 956. 40 Special Issues: id) 4H% Bonds: Adjusted servioe honds (Government life in­ Various dates: 319,200,000.00 suranoe fund, Series 1946) id) ik) 2H% From June 30, 1941.. After one year from date of June 30, 1946. June 30. 319, 200, 000. 00 issue. Treasury Notes: 000. 00 000. 00 Series 1946 id) ik) 2%%> From Sept. 15, 1941. do.. .do. do.. 603, 000, 603, 000, Federal old-age and survivors insurance trust June 30, 1946 and 1947. .do. 000. 00 000. 00 Series 1946 and 1947. id) From June 15, 1942...... d o — 678, 400, 678, 400, fund: ik) 2K% June 30, 1947 _do. 000. 00 000. 00 Series 1947 Sept. 15, 1942 do ' 240,000, 240, 000, Series 1946 id) ik) 2*% Various dates: Series 1947 2% do .do. 459, 000, 000. 00 459, 000, 000. 00 id) ik) From Dec. 15, 1942.. ZZZdoZZZZZZZZZZZZZZJun e 30, 1947 and 1948. .do. 1, 384, 000,000 . 00 24, 000, 000. 00 1, 360, 000,000 . 00 Series 1947 and 1948 . From June 15, 1943.. Railroad retirement account: id) ik) From July 1, 1943.. .do. June 30,1948 to 1950. .do. 767, 000, 000. 00 98, 500, 000. 00 668, 500, 000. 00 Series 1948 to 1960. id) ik) 3% Civil servioe retirement fund: id) ik) 4% From June 30, 1941. .do. June 30, 1946 to 1950- .do. 2, 101, 200,000 . 00 2, 101, 200,000 . 00 Series 1946 to 1950...... id) ik) 3% do -do. do .do. 2, 570,000 . 00 2, 570,000 . 00 Series 1946 to I960 THIS TABLE CONTINUED ON FOLLOWING PAGE; FOR FOOTNOTES SEE P. 9 STATEMENT OF THE PUBLIC DEBT, JULY 31, 1945—Continued [On the basis of dally Treasury statements]

AUTHOB- TAX RATE ot INTEBEST PAYABLE AMOUNT ISSUED AMOUNT RETIBED AMOUNT OUTSTANDING IZINQ EXEMP­ INTEREST DATE or ISSUE REDEEMABLE ACT TIONS (See footnote 1)

INTEREST-BEARING DEBT—Continued Special Issues—Continued: Treasury Notes—Continued: Foreign Service retirement fund: Various dates: June 30, 1946 to 1950... 742, 000. 00 742, 000. 00 Series 1946 to 1950 id) ik) 4% From June 30,1941 „ After one year from date of June 30. issue. Series 1949 and 1950— id) ik) 3% From May 28, 1945. do - June 30, 1949 and 1950. do.. 16, 000. 00 16, 000. 00 Canal Zone retirement fund: Series 1946 to 1950 id) ik) 4% From June 30, 1941. .do. June 30, 1946 to 1950- ..do... H, 395,000. 00 395,000. 00 Series 1948 to 1950 id) ik) 3% From Oct. 1, 1943.- _do. June 30, 1948 to 1950. _ -do— 80, 000. 00 80, 000. 00 Alaska Railroad retirement fund: id) ik) 4% From June 30,1941. .do. June 30, 1946 to 1950 .do- 2, 128,000. 00 2, 128,000. 00 Series 1946 to 1950 Postal Savings System: id) ik) 2% From July 4, 1944— .do. June 30, 1949 and 1950 June 30, Dec. 31 863, 000,000. 00 $336, 000, 000. 00 527, 000,000. 00 Series 1949 and 1950 Canal Zone, Postal Savings System: id) ik) 2% From May 26, 1942 .do. June 30, 1946 to 1948 do 4, 750,000. 00 1, 250, 000. 00 3, 500,000. 00 Series 1946 to 1948 From July 1, 1943— .do. June 30, 1948 and 1949— June 30. 97, 327,000. 00 94, 927, 000. 00 2, 400,000. 00 Government life insurance fund: id) ik) 2% Series 1948 and 1949 id) ik) 3% From July 1, 1941 _. .do. June 30, 1946 to 1950 do- 3, 367,125, 000. 00 3, 367,125, 000. 00 National service life insurance fund: Series 1946 to 1950 id) ik) 2% From Feb. 5, 1943. _ .do. Dec. 1, 1947 and 1949 June 1, Dec 1__ 396, 000,000. 00 264, 000, 000. 00 132, 000,000. 00 Federal Deposit Insurance Corporation: Series 1947 and 1949 id) ik) . 2% From July 28, 1942. .do. June 30, 1947 to 1950 June 30, Dec. 31. 143, 412,000. 00 105, 450, 000. 00 37, 962,000. 00 Federal Savings and Loan Insurance Corporation: $10, 524, 218, 000. 00 Series 1947 to 1950. _ id) ik) 4% Jan. 1, 1945_. On demand. Jan. 1, 1946.. Jan. 1 20, 000, 000. 00 5, 500, 000. 00 14, 500, 000. 00 Certificates of Indebtedness: Adjusted service certificate fund: id) ik) June 30, 1945. do June 30, 1946. June 30 89, 292, 000. 00 89, 292,000. 00 Series 1946 Government life insurance fund: id) ik) 15.% do .do. do June 30, Deo. 31. 6, 782, 000, 000. 00 C. 782,000, 000. 00 Series 1946 _ Unemployment trust fund: 1%% .do. .do- .do. do 1, 648, 000, 000. 00 1, 648, 000, 000. 00 533, 792, 000. 00 Series 1946 id) ik) FederalTota old-agl interest-bearine and survivorg debs insuranct outstandinge trus't 259, 780, 873, 263. 27 fund: MATURED DEBSerieT OsN 194 WHIC6 H INTBBBST HAS CEASED: ,0 Old debt matured—issued prior to April 1, 1917 (excluding Postal Savings bonds). 1, 390, 930. 26 2J<% Postal Savings bonds.. 43, 980. 00 Liberty bonds and Victory notes, at various interest rates 14, 325, 600. 00 Treasury bonds, at various interest rates 41, 993, 400. 00 Adjusted service bonds of 1945 ; 00, 709, 900. 00 Treasury notes, at various interest rates 27, 172, 950. 00 Certificates of indebtedness, at various interest rates 42, 500, 100. 00 Treasury bills 4, 312, 000. 00 198, 662, 160. 26 Treasury savings certificates ,, Ml, 300. 00 DDBT BEARING No INTEREST: 170, 402, 117. 49 United States savings stamps 1,044, 119, 710. 79 Excess prolils tax refund bonds9 . , $346,681,010. 00 190, 641, 585. 07 United Stntes notes 156, 039, 430. 93 LessNationa: Goll dan reservd Federae l Reserve bank notes assumed by the United States on deposit of lawful money for their retirement. 648, 062, 043. 50 Old demand notes and fractional currency 2, 022, 150. 50 Thrift ai\d Treasury savings stamps 3, 733, 923. 00 2, 065, 041, 530. 35 TotivV Krims public debt (Inuluclmn $1'2, l<>7 ,(> 1 l,«V2;>.70 advanced to Government agencies for which their obligations are owned by the Treasury) 262, 014, 57(>. 953. SS Quu.ru.nV.»Ml ol.UmiUonn nut owmvl by tlio Troasury ___" .r>04, !>.r>(). SI 6. 68 xtoo< t Exempt, bath as to principal and interest, from all taxation now or • Issued under the authority of and subject to the provisions of the g Exempt, both as to principal and interest, from all taxation now or - , Mm s.t the option ot the United States on and after dates hereafter imposed by the United States, any State, or any of tbe posses­ wmv Second Liberty Bond Act, as amended, and Sections 780 to 783, in­ hereafter imposed by the United States, any State, or any of the pos­ f 4t^tAi, i except where otherwise stated. In case of Treasury bonds sions of the United States, or by any local taxing authority, except (a) R r i clusive, of the Internal Revenue Code, as amended. Issued in series sessions of the United States, or by any local taxing authority, except now outstanding, such bonds may be redeemed only on interest dates, estate or inheritance taxes, or gift taxes, and (6) afl income, excess profits depending upon the tax years for which credits are available and in (a) estate or inheritance taxes, and (5) graduated additional income »i»H 4 months' notice of redemption must be given. and war-profits taxes, now or hereafter imposed by the United States, amounts certified to the Secretary of the Treasury by the Commis­ taxes, commonly known as surtaxes, and excess profits and war-profits 1 Redeemable, at par and accrued interest, to date of payment, at upon the inoome or profits of individuals, partnerships, associations, or sioner of Internal Revenue. ' Bear no interest and are redeemable at taxes, now or hereafter imposed by the United States, upon the inoome any time upon tbe death of the owner at the option of the duly con­ corporations. * yearly intervals after the cessation of hostilities in the present war, as or profits of individuals, partnerships, associations, or corporations. stituted representative of the deceased owner's estate, provided entire j Any income derived from Treasury bills of this issue, whether mter­ provided by Section 780 (e) of the Internal Revenue Code, as amended. The interest on an amount of bonds authorized by the act approved proceeds of redemption are applied to payment of Federal estate taxes est or gain from their sale or other disposition does not have any exemp­ » The face value of United States savings bonds of any yearly series Sept. 24, 1917, as amended, the principal of which does not exceed in the due from deceased owner's estate. tion, as such, and loss from the sale or other disposition of any such bills maturing from month to month which are not currently presented for aggregate $5,000 owned by any individual, partnership, association, or »Amounts issued and retired for Series A to F, inclusive, include does not have any special treatment, as such, under Federal tax acts retirement will continue to be reflected as interest-bearing debt until all corporation, shall be exempt from the taxes provided for in clause (o) aeorued discount; amounts outstanding are stated at current redemption now or hereafter enacted. The bills are subject to estate, inheritance, the bonds in the series have matured. Thereafter, the total amount above. The following is applicable to savings bonds only: For the values. Amounts issued, retired, and outstanding for Series Q are gift, or other excise taxes, whether Federal or State, but are exempt outstanding will be transferred and reflected as matured debt upon which purposes of determining taxes and tax exemptions the increment in stated at par value. value of savings bonds represented by the difference between the price from all taxation now or hereafter imposed on the principal or interest 4 interest has ceased. Approximate yield if held to maturity. paid and the redemption value received (whether at or before maturity) thereof by any State, or any of the possessions of the United States, or 1 AUTHORIZING ACTS: by any local taxing authority. For purposes of taxation the amount of Computed at the rate of 16 cents per month per $100. a Aug. 5, 1909, Feb. 4, 1910, and Mar. 2, 1911. shall be considered as interest. discount at which the bills are originally sold by the United States is to • Redeemable ln payment of Federal income, estate, or gift taxes after b Dec. 23, 1913. h Income derived from these securities is subject to all Federal taxes be considered to be interest. one full calendar month has elapsed between month notes were purchased c June 25, 1910. now or hereafter imposed. The securities are subject to estate, inherit­ k These issues being investments of various Government funds_ and and month in whioh tendered for taxes. Redeemable for cash at option d Sept. 24, 1917, as amended. ance, gift, or other excise taxes, whether Federal or State, but are payable only for the account of such funds have no present tax liability. of owner as follows: Series A of 1946, at any time; Series C of 1945,1946, e Sept. 24, 1917, as amended, and Adjusted Compensation Payment exempt from all taxation now or hereafter imposed on the principal or In hands of foreign holders—Applicable only to securities issued prior 1947 or 1948, during and after the sixth calendar month after the month Act, 1936. interest thereof by any State, or any of the possessions of the United to Mar. 1, 1941: Bonds, notes, and certificates of indebtedness of the of issue, as shown on the face of each note. . TAX EXEMPTIONS: States, or by any local taxing authority. The following is applicable to » Interest is payable with principal at time of redemption. No interest / Exempt from the payment of all taxes or duties of the United States, savings bonds only: For the purposes of taxation any increment in United States, shall, while beneficially owned by a nonresident alien ia payable if note is inscribed in the name of a bank that accepts demand as well as from all taxation in any form by or under State, municipal, value of savings bonds represented by the difference between the price individual, or a foreign corporation, partnership, or association, not deposits, unless note is acquired by such bank through forfeiture of a loan. or local authority. (The Supreme Court has held that this exemption paid and the redemption value received (whether at or before maturity) engaged in business in the United States, be exempt both as to principal • Treasury bills art non-interest-bearing and are sold on a discount does not extend to estate or inheritance taxes, imposed by Federal or shall be considered as interest. and interest from any and all taxation now or hereafter imposed by the «o basis with competitive bids for each issue. The average sale price of State authority.) Attention is invited to Treasury Decision 4550 ruling that bonds, notes, United States, any State, or any of the possessions of the United States, these series gives an approximate yield on a bank discount basis as bills, and certificates of indebtedness of the Federal Government or its or by any local taxing authority. above indicated. MEMORANDUagencies, anMd the interest thereon, are not exempt from the gift tax.

OBLIGATIONS OP GbvERNMENT AGENCIES GUARANTEED BT GROSS PUBLIC DEBT THE UNITED STATES

UNMATURED PRINCIPAL J GENERAL FUND DATE BALANCE * COMPUTED MATURED PRINCIPAL • AMOUNT PEB CAPITA INTEREST COMPUTED 1 RATE AMOUNT INTEREST RATE

Percent WORLD WAR I Percent $1, 282, 044, 346. 28 $12. 36 2.395 $74, 216, 460. 05 Mar. 81,1917—Pre-war debt 26, 596, 701, 648. 01 250. 18 4.196 1, 118, 109, 634. 76 Aug. 81, 1919—Highest war debt 16,026,087,087.07 129. 66 3.750 306, 803, 319. 55 Deo. 81, 1980—Lowest post-war debt. WORLD WAR II 55, 039, 819, 926. 98 a 412. 32 2.429 $6, 316, 079, 005. 28 1.885 $7, 969, 000. 00 2, 319, 496, 021. 87 Nov. 80, 1941—Pre-war debt- 208, 573, 594, 426. 47 a 1, 508. 59 1.927 1, 467, 701, 258. 67 a 1. 326 96, 812, 325. 00 21, 924, 410, 130. 44 July 81, 1944—A year ago 258, 682, 187, 409. 93 b 1, 855. 58 1. 936 409, 091, 867. 43 1.321 24, 066, 525. 00 24, 697, 729, 351. 75 June 30, 1946—Last month 262, 044, 576, 953. 88 b 1, 878. 42 1.943 484, 238, 816. 68 1.241 20, 712, 000. 00 22, 082, 332,170. 99 July 31, 1946—ThiB month „ tUutssA b Subieot to revision. » Computed on interest-bearing debt. * Does not include obligations owned by the Treasury. » offita held by the Sure? of tffunited States f of the payment of outstanding matured principal of guaranteed obligations and is included m the general fund balances.