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TREASURY DEPARTMENT
DOCUMENT NO. 3210
Secretary
UNITED STATES GOVERNMENT PRINTING OFFICE, WASHINGTON: 1959
For sale by the Superintendent of Documents. U. S. Government Printing Office
Washington 25, D. C. Price $2.25 (paper cover)
CONTENTS
Transmittal and statement by the Secretary of the Treasury..
REVIEW OF FISCAL OPERATIONS
Summary of fiscal operations_
Budget receipts and expenditures-
Budget receipts in 1958--
Estimates of receipts in 1959 and 1960..
Budget expenditures in 1958...
Estimates of expenditures in 1959 and 1960..
Trust account and other transactions___
Account of the Treasurer of the United States.
Public debt operations and ownership of Federal securities.
Public debt operations---
Ownership of Federal securities.
Corporations and certain other business-type activities of the United
States Government----
Page
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5
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26
33
37
40
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52
71
76
78
92
94
100
129
138
139
143
147
165
168
PUBLIC DEBT OPERATIONS AND CALLS OF GUARANTEED OBLIGATIONS
Treasury Certificates of Indebtedness, Treasury Notes, and Treasury Bonds
Offered and Allotted, and Treasury Bonds Called for Redemption
4. Call, February 14, 1958, for redemption on June 15, 1958, of 24 percent
Treasury bonds of 1958-63, dated June 15, 1938 (press release of
February 14, 1958)--
175
183
190
200
5. Call, May 14, 1958, for redemption on September 15, 1958, of 24 per-
cent Treasury bonds of 1956-59, dated February 1, 1944, and 2%
percent Treasury bonds of 1957-59, dated March 1, 1952 (press
release of May 14, 1958)--
Treasury Bills Offered and Accepted
6. Treasury bills.
201
United States Savings Bonds Regulations United
7. Third amendment, July 1, 1957, to Department Circular No. 677,
Second Revision, amending various provisions affecting the interest
rate, investment yield, and the payroll savings plan of United
States savings bonds...
8. First amendment, December 23, 1957, to Department Circular No.
905, Revised, enlarging the group of investors permitted to buy
Series H savings bonds_-_.
209
9. First amendment, December 23, 1957, to Department Circular No.
653, Fourth Revision, enlarging the group of investors permitted to
buy Series E savings bonds__
10. Eighth Revision, December 26, 1957, of Department Circular No. 530,
regulations governing United States savings bonds___
United States Savings Stamps Regulations
11. Department Circular No. 1008, April 25, 1958, regulations governing
Treasury savings stamp agents in selling United States savings
stamps at schools___
Guaranteed Obligations Called
12. Calls for partial redemption, before maturity, of insurance fund
debentures..
Legislation
210
212
237
239
13. An act temporarily increasing the public debt limit..
14. An act to increase the public debt limit.........
PUBLIC DEBT MANAGEMENT
15. Statement by Secretary of the Treasury Anderson, January 17, 1958,
before the House Ways and Means Committee in support of H. R.
9955 and H. R. 9956, bills to amend the statutory debt limitation..
16. Statement by Secretary of the Treasury Anderson, August 15, 1958,
before the Senate Finance Committee in support of H. R. 13580, a
bill to amend the statutory debt limitation..
244
253
17. Statement by Secretary of the Treasury Anderson, January 11, 1958,
at the Budget Press Conference, Treasury Department-
18. Statement by Secretary of the Treasury Anderson, February 7, 1958,
before the Joint Economic Committee on the January 1958 Economic
Report of the President...
257
258
19. Remarks by Secretary of the Treasury Anderson, April 7, 1958, at the
opening of the "Share in America" savings bonds campaign, New
York City, N. Y....
262
20. Remarks by Secretary of the Treasury Anderson, April 18, 1958,
before the American Society of Newspaper Editors, Washington,
D. C...
265
21. Statement by Under Secretary of the Treasury Baird, February 7,
1958, before the Joint Economic Committee on debt management
problems...
22. Remarks by Under Secretary of the Treasury Baird, May 9, 1958,
at the 38th Annual Conference of the National Association of
Mutual Savings Banks, Boston, Mass....
270
274
TAXATION DEVELOPMENTS
23. Statement by Secretary of the Treasury Anderson, January 16, 1958,
before the House Ways and Means Committee on general revenue
matters...
280
24. Statement by Secretary of the Treasury Anderson, February 18, 1958,
before the Subcommittee on Intergovernmental Relations of the
House Government Operations Committee__
282
25. Statement by Secretary of the Treasury Anderson, March 12, 1958,
concerning the economic situation...
285
26. Letter of Secretary of the Treasury Anderson, April 10, 1958, to the
Chairmen of the Senate Finance and House Ways and Means Com-
mittees concerning permanent legislation for taxation of life insur-
ance companies--
27. Letter of the President, May 26, 1958, to the Vice President and the
Speaker of the House recommending continuation of corporation
and excise tax rates__
28. Statement by Secretary of the Treasury Anderson, May 28, 1958,
before the House Ways and Means Committee concerning extension
of corporation and excise tax rates.
29. Statement by Secretary of the Treasury Anderson, June 12, 1958,
before the Senate Finance Committee in executive session on con-
tinuation of corporation and excise tax rates..
30. Miscellaneous revenue legislation enacted by the Eighty-fifth Congress,
Second Session____.
INTERNATIONAL FINANCIAL AND MONETARY DEVELOPMENTS
31. Remarks by Secretary of the Treasury Anderson, January 28, 1958,
before the Mississippi Valley World Trade Conference, New Orleans,
La
32. Statement by Secretary of the Treasury Anderson, March 18, 1958,
before the Subcommittee on International Finance of the Senate
Banking and Currency Committee on the proposed establishment
of an International Development Association....
33. Letter from Secretary of the Treasury Anderson, August 18, 1958, to
the President on the adequacy of the resources of the International
Monetary Fund and the International Bank for Reconstruction and
Development..
34. Letter from the President, August 26, 1958, to Secretary of the Treas-
ury Anderson outlining a three-point program for consideration at
the annual meetings in New Delhi of the International Monetary
Fund and the International Bank for Reconstruction and Develop-
ment__
35. Statement by Secretary of the Treasury Anderson as Governor for
the United States, October 6, 1958, at the opening joint session of the
International Bank for Reconstruction and Development and the
International Monetary Fund, New Delhi, India___.
36. Statement by Secretary of the Treasury Anderson as Governor for
the United States, October 7, 1958, at the discussion of the Annual
Report of the International Monetary Fund, New Delhi, India____
37. Statement by Assistant Secretary of the Treasury Coughran as
Temporary Alternate Governor of the International Finance Cor-
poration, October 8, 1958, New Delhi, India
38. Joint announcement by the Treasury Department, the Department
of State, and the Export-Import Bank, January 30, 1958, relating
to financial discussions between the United States and France...
39. Statement by Under Secretary of the Treasury Baird, February 18,
1958, before the House Ways and Means Committee in support of
the trade agreements program__
40. Remarks by Assistant Secretary of the Treasury Coughran, April 3,
1958, at a meeting of the League of Women Voters on financing
economic development overseas, San Francisco, Calif
41. Statement by Assistant Secretary of the Treasury Coughran, May 19,
1958, before the Bankers Association for Foreign Trade on financing
economic development overseas, Virginia Beach, Va
42. Statement by Assistant Secretary Robbins, June 19, 1958, before the
Subcommittee on Economic and Social Affairs of the Senate Foreign
Relations Committee in support of a proposed amendment to the
International Claims Settlement Act of 1949-
43. Press release, August 10, 1957, on the signing of an exchange agree-
ment between the United States and Paraguay
44. Press release, October 18, 1957, on the signing of an exchange agree-
ment between the United States and Nicaragua..
45. Press releases on extending the exchange agreement between the
United States and Bolivia (November 25, 1957, January 2, 1958) --
288
289
290
292
295
299
300
302
303
304
305
306
308
312
316
318
46. Press release, December 30, 1957, on the signing of an extension of the
stabilization agreement between the United States and Mexico____
47. Press release, February 7, 1958, on the signing of a replacement of the
exchange agreement between the United States and Peru__
48. Press release, April 1, 1958, on an extension of the exchange agreement
between the United States and Chile____
49. Press release, April 30, 1958, announcing the revocation of the Egyptian
Assets Control Regulations..
319
320
ADDRESSES AND STATEMENTS ON OTHER TREASURY POLICIES AND OPERATIONS
50. Statement by Secretary of the Treasury Anderson, Chairman of the
Federal Representatives, August 9, 1957, at the opening session of the
joint Federal-State Action Committee, Hershey, Pa..
51. Remarks by Secretary of the Treasury Anderson, December 2, 1957,
before the Advertising Council, New York, N. Y
52. Letter from the Acting Secretary of the Treasury, February 28, 1958,
reporting to Congress on the financial condition and fiscal operations
of the highway trust fund...
321
324
53. Remarks by Secretary of the Treasury Anderson, April 25, 1958, on
Law Day, University of Texas, Austin, Tex.............
54. Remarks by Secretary of the Treasury Anderson, May 21, 1958, at
the Governors' Conference, Bal Harbour, Fla...
330
334
338
55. Remarks by Secretary of the Treasury Anderson, September 23, 1958,
at the American Bankers Association Convention, Chicago, Ill
56. Extracts from remarks by Under Secretary of the Treasury Scribner,
February 17, 1958, before the Tax Executive Institute, Washington,
57. Remarks by Under Secretary of the Treasury Scribner, March 28, 1958,
at the opening of the Rochester Area Savings Bonds Campaign, Roch-
ester, N. Y.
58. Remarks by Assistant Secretary of the Treasury Kendall, November
14, 1957, before the National Council of Importers, New York,
N. Y.
59. Statement by Assistant Secretary of the Treasury Flues, March 26,
1958, before the Senate Finance Committee in support of a bill,
H. R. 6006, to amend certain provisions of the Antidumping Act...
60. Remarks by Assistant Secretary of the Treasury Flues, June 19, 1958,
at the National Conference on Keeping America Strong, Washington,
344
346
350
352
354
61. Press release, January 28, 1958, announcing the effective date of the
Customs Simplification Act of 1956..
62. Principal provisions of law enacted in 1958 (85th Cong., 2d sess.) re-
lating to acquisition and use of foreign currencies by the United
States Government..
356
357
ORGANIZATION AND PROCEDURE
63. Treasury Department orders relating to organization and procedure__
REPORTING AND ACCOUNTING
64. Revised regulations and fiscal requirements governing the utilization of
imprest funds for small purchases (General Accounting Office Joint
Regulation, Supplement 1, July 15, 1957; Department Circular No.
908 (Revised) February 10, 1958)--
65. Regulations governing reporting on contract authorizations (De-
partment Circular No. 993, September 4, 1957)-----
66. Regulations governing the handling of certificates of deposit for credit
in the general account of the Treasurer of the United States (De-
partment Circular No. 945, Supplement 1, Amendment 3, September 11, 1957).
67. Regulations governing the issuance of substitutes for checks drawn on
the Treasurer of the United States (Department Circular No. 1001,
December 18, 1957)---
359
367
371
372
374