. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . nonbank investors held an estimated $ billion ofFederal securities at the end of the fiscal year 1958—nearly one-halfof the $ billion total debt outstanding. Private nonbankinvestors include individuals, insurance companies, mutual savingsbanks, nonfinancial corporations, pension funds, foreign and local governments, and nonprofit associations. Com-mercial banks and Federal Reserve Banks together held $, representing about one-third of the debt. The remaining$
. Annual report of the Secretary of the Treasury on the state of the finances for the year .. . nonbank investors held an estimated $ billion ofFederal securities at the end of the fiscal year 1958—nearly one-halfof the $ billion total debt outstanding. Private nonbankinvestors include individuals, insurance companies, mutual savingsbanks, nonfinancial corporations, pension funds, foreign and local governments, and nonprofit associations. Com-mercial banks and Federal Reserve Banks together held $, representing about one-third of the debt. The remaining$ billion of debt was held by Government investment accounts,primarily in social security and unemployment trust funds, veteransinsurance funds, and Government retirement funds. The major ownership change taking place in fiscal 1958 was anincrease of $ billion by the banking system, an amount equivalentto nearly all of the $ billion decrease in holdings by the private Chart OF THE PUBLIC DEBT, JUNE 30,1958 TOTAL Govt. Nonbank Investors Banks $Bil. 200 100. ■56
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