. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . 4^9 v/k ^/A. July- Dec. June —1955 July-Dec. 56- Jon-June July- Dec. June -57 July-Dec. 58- Jon-June July-Dec. -59 EXHIBITS 251 the rates of expenditures under the programs of each agency, the issue andretirement of our pubUc-debt obligations, and all of the multitude of operationsreflected in the total inflow and outflow of the Treasury. We have, however,made estimates of the public debt and cash balances which are based upon ourbest judgment as of the moment, and I am submitt
. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . 4^9 v/k ^/A. July- Dec. June —1955 July-Dec. 56- Jon-June July- Dec. June -57 July-Dec. 58- Jon-June July-Dec. -59 EXHIBITS 251 the rates of expenditures under the programs of each agency, the issue andretirement of our pubUc-debt obligations, and all of the multitude of operationsreflected in the total inflow and outflow of the Treasury. We have, however,made estimates of the public debt and cash balances which are based upon ourbest judgment as of the moment, and I am submitting for your informationthese figures in the attached table III. These figures assume maintaining mid-month and end-of-month cash balances of $ billion and for an allowance of$3 billion for flexibility in financing and for contingencies. Table I.—Debt limitation under Sec. 21 of the Second Liberty Bond Act, as amended—history of legislationAct of— Sept. 24, 1917: Sec. 1 (40 Stat. 288), authorized bonds in the amount of $7,538,945 400 Sec. 5 (40 Stat. 290), authorized certificates of indebtedn
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