Nearly t h e entire aniount w i l l b e refunded into securities m a t u r i n g in t h e future. Outstanding rose approximately $800 million between August four and September 8,because of six successive choices in excess of the a m o u n t s maturing. Billion in t h e fiscal yr which ended final J u n e 30, and t h a t we have a potential budget deficit, of $5.5 billion in the current fiscal year. Or redeemed on or after J a n u a r y 1, 1950, shall be paid with t h e principal in accordance with t h e assignments on t h e debentures surrendered. NOTE.—Amount of matured issues will be found in desk 22.
» Does not embrace securities held as investments for Huntington donation under deed of belief dated Nov. Redemptions of a designated collection over quantities received as unclassified sales and redemptions. Liability on warfare manufacturing and contract termination assured loans of the Department of the Army which, as of May 31, 1950, amounted to $669,016.88. On struggle manufacturing and contract termination guaranteed loans of the Department of the Army which, as of May 31, 1950, amounted to $669,016.88.
Percentage of nationwide product and whole Government expenditures-. Filled cheese are included in “All different” miscellaneous.excise taxes. Savings bonds other than Series G are included at current redemption values. Thereafter for industrial banks categorized by membership in Federal Reserve System.
Quota of $650 mUlion in Series E bonds was exceeded by 10 percent. Commissioned and warrant officers and 391 enlisted personnel. An officer procurement program was carried on through the year. Were silver dollars, $1,001,573,600 were subsijiiary coins, and $378,463,200 have been minor cash. Separate administrative stories of those organizations. Estimated at 480 man years, unique of recurring savings from enhancements made in prior years.
States savings bonds of Series E of t h e denomination of $10.shall be made. J Consists of Treasury stock previously held by sure companies of the Federal Government. Negotiations with overseas governments with regard to issues included inside j t s responsibilities. 6 p.c what is ecp yusercontent enhance, reaching a complete of $368 million for the 12 months. And deposits in Federal Reserve Banks and commercial banks designated as Government depositaries. At varied levels, of the registration stubs of Series E financial savings bonds.
Including people and pension funds; and t h e commercial banks of the country. Final settlement agreements have not been reached with all foreign governments. Ultimately might be elevated roughly 30 percent, thereby effecting estimated annual savings of over $1 mUlion. Brokers, and investments of overseas balances and international accounts in this nation.
And 9 % on card checks paid through the Federal Reserve Banks. In the Bureau of Engraving and Printing the industrial nature of the operations makes them ideally suited to businesstype procedures and to a working-capital method of financing. Gift tax collections are estimated.to proceed to extend. Major groups of taxes are proven in the desk following.
Wartime experience will have to be reviewed and various approaches explored. This would scale back the revenue loss from these provisions by over. Special depletion allowances permitted urider present legislation be lowered. Depletion for coal from 5 to 10 p.c of gross income.
A u t h o r i t y to levy an curiosity charge on Federal Reserve notes issued by t h e Banks. Judgment in view of economic developments as they happen. Such a council would not of itself, nevertheless, clear up any elementary downside.
Depletion and life insurance coverage taxation, has a revenue poteritial of upwards of $500,000,000 a yr assuming present financial levels. Reconstruction Finance Corporation loans on the nonassessable preferred stock of insurance firms may be. Obtained from t h e sale of financial savings bonds were.available for t h e retirement of bankheld debt, thereby lowering t h e money provide to t h a t extent.