INTERNATIONAL TRANSACTIONSTABLE F-71.—United States balance of payments, 1953-57Excluding transfers of goods and services under military grant programs[Millions of dollars]Item1953195419551956First 3 quarters19561957United States payments: Total19, 68519, 87621, 94425, 74819,09320, 480Imports of goods and services: Total16, 64416, 08817, 93719, 81014, 96715, 533Merchandise, adjusted, excludingmilitaryTransportationTravelMiscellaneous services, excludingmilitaryMilitary expendituresIncome on investments:PrivateGovernmentUnilateral transfers, net, excludingmilitary: TotalGovernment grantsRemittances and other transfers. _10,9901,0819296592,535364862,4541,83761710, 3541,0261,0096772,603360592,2621,64761511, 5271,2041,1537282,823408942,4861,90158512, 7911,4321,2757842,9104641542,3321,6956379,5801,0851,0355872,2253481071,7001,2344669,8741,0761,0996052,3973321501,8051,270535United States capital, net: Total5871,5261,5213,6062,4263,142Private, net: Total3691,6191,2112,9801.9012,542Direct investments, netNew issuesRedemptionsOther long-term, netShort-term, netGovernment, net: Total721270-139-316-167218664309-124135635-93779128-1903031913101,839457-1693195346261,142309-1153092565251,698438-111301216600Long-term capital, outflowRepaymentsShort-term, net716-487-11306-507108383-416343534-479571410-307422402-521719United States receipts: Total17, 28718,19320,34924,06017, 42620,153Exports of goods and services: Total..17,08117,94920, 00323,51816,99719, 810Merchandise, adjusted, excludingmilitaryTransportationTravelMiscellaneous servicesMilitary transactionsIncome on investments:Direct investmentsOther privateGovernment12, 2811,1985749261921,44221625212, 7991,1715959781791,72523027214, 2801,4206541,0012041,91225827417, 3211,6197051,0591562,16030419412, 4621,1835437771201,53722015514,6641,4645998281511,680264160Foreign long-term investments in theUnited States206244346542429343Balance (net United States receipts):Total-2,398-1,683-1, 595-1,688-1,667-327Increase in liquid dollar holdingsby foreign countries and internationalinstitutions9411,2181,1081,3021,577102United States gold sales [purchases(-)]1,16129841-306-279-700Errors and omissions296167446692369925Source: Department of Commerce.194
TABLE F—72.—United States balance of payments with individual areas, 1953—57Excluding transfers of goods and services under military grant programs[Millions of dollars]Area and type of transaction1953195419551956First 3 quarters19561957Continental Western Europe and dependencies:United States payments: Total-. .Nonmilitary imports of goodsNonmilitary imports of services.._Military expendituresRemittance and other transfers...Government grants and capital.._Private capital, net outflowUnited States receipts: TotalExports of goods _ _ .Income on investments abroadExports of other servicesForeign long-term investments inthe United States_4,8342,0838601,047218736-1103,4652,600186616635,0551,9318991,196189745953,9463,010219636815,9112,2001,1001,3812187972154,7863,5622587612056,3352,6081,2311,2952485683855, 9814,6502598572154,7491,8879621,0141794332744,2653,2852056241514,8792,0201,0081,0361914471775,1133,926219779189Balance (net United States receipts)..-1,369-1,109-1,125-354-484234Sterling area:United States payments: Total . .. .3,2733,1743,5564,3173,3253,433Nonmilitary imports of goodsNonmilitary imports of services...Military expenditures .Remittances and other transfers.._Government grants and capitalPrivate capital, net outflow1,70871628994421451,526753417971642171,80180446596310802,000907568972934521,492699439732643581,63271753780287180United States receipts: Total2,6232,9393,4353,7102,6343,113Exports of goodsIncome on investments abroadExports of other servicesForeign long-term investments inthe United States1,614407546561,7404815831352,146563632942,3485346481801,6473684711482,084357539133Balance (net United States receipts)..-650-235-121-607-691-320Canada:United States payments: Total3,5463,4933,7634,7433,4583,707Nonmilitary imports of goodsNonmilitary imports of services.._Militarv expendituresRemittances and other transfers. _Government grants and capital...Private capital, net outflowUnited States receipts: TotalExports of goodsIncome on investments abroadExports of other services „ .Foreign long-term investments inthe United States2,4355261921153774,1323,123336607662,36448719424433,8232,855371615-182,67855621715Q3064,4213,32642366932,913597259129675,3684,114487674932,13947818596523,9823,0343285181022,179490218108104,0443,103399555— 13Balance (net United States receipts) _.586330658625524337195
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Economic Reportof the PresidentTRAN
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LETTER OF TRANSMITTALTHE WHITE HOUS
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commercial demands and reduce the f
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APPENDIXESPageA. Summary of Recomme
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present consumption standards. Even
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favored by temporary conditions or
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Federal fiscal policies were also d
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growth with reasonable stability of
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The decline which became apparent i
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CHART 2Shifts in Major Components o
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1957 than in 1956, but in the secon
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though there was no significant inc
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CHART 4—ContinuedEmployment and I
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week was 39.3 hours and average ove
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CHART 5Price ChangesWholesale price
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CHART 6Consumer PricesAfter declini
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few decades and the still higher av
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CHART 7The Pattern of Credit Expans
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CHART 9Member Bank ReservesMember b
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CHART 10Interest Rates and Bond Yie
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CHART 11Indicators of Agricultural
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various forms. On dollar sales of w
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Because of the high level of privat
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TABLE 7.—World industrial product
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CHART 13World and U. S. Foreign Tra
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CHART 14U. S. Balance of PaymentsTh
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a still larger outflow of capital.
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Chapter 4Economic Opportunities and
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of the sources of strength for the
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The strength of our financial insti
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Chapter 5A Legislative Program To H
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growth and stability. Although Fede
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housing loans insured by the Federa
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directions, without sacrificing eit
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medical and dental teaching facilit
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standards and help maintain the inc
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funds, on financial dealings betwee
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on basic crops and dairy products.
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partners, and particularly on the s
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FEDERAL ECONOMIC STATISTICSA well-c
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Summary of Recommendations in the E
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e) Authorize the Secretary of Labor
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Appendix BREPORT TO THE PRESIDENT O
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Report to the President on the Acti
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Advisory Board on Economic Growth a
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Program for Improving Federal Stati
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various divisions. Improvements in
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InventoriesSeparate stage-of-fabric
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Appendix DTHE CONSUMER PRICE INDEX9
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total market basket since the base
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described are applied whenever poss
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were employed under contracts conta
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Productivity StatisticsThe terms "p
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5 percent. Some improvement over th
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Appendix FSTATISTICAL TABLES RELATI
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Prices:PageF-36. Wholesale price in
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NATIONAL INCOME OR EXPENDITURETABLE
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TABLE F-2.—Gross national product
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TABLE F—4.—Gross national produ
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TABLE F—6.—The Nation's income,
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TABLE F-8.—Gross private domestic
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TABLE F-10.—Relation of gross nat
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TABLE F-12.—Sources of personal i
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TABLE F-14.—Total and per capita
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TABLE F—16.—Sources and uses of
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TABLE F-17.—Noninstitutional popu
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TABLE F—19.—Employed persons no
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TABLE F-21.—Unemployment insuranc
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TABLE F-22.—Number of wage and sa
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- Page 169 and 170: TABLE F-37.— Wholesale price inde
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- Page 183 and 184: TABLE F-50.—Federal budget receip
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- Page 191 and 192: TABLE F-58.—Relation of profits a
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