Bonds and Stocks No. 733. BOND AND STOCK YIELDS-PERCENT: 1950 TO 1972 CLASS 459 1 For 1950, average yield on taxable bonds due or callable after 15 years; thereafter, on those due or callable in 10 years or more. Data from U.S. Board of Governors of the Federal Reserve System. 2 For 1950, estimated yields prevailing on highest grade issues in first quarter of year; thereafter, in February only. Through 1955, from National Bureau of Economic Research, New York, N.Y.; thereafter, Scudder, Stevens & Clark, New York, N.Y. More than usually liable to error. Number of issues as of Aug. 13, 1971; number varies for earlier years. Yields based on number of stocks and determined from average of median yields as follows: 1950 to 1965 (Sept. 8), 14 stocks, 8 yields; beginning Sept. 9, 1965, 10 stocks, 4 yields. Issues converted to a price equivalent to $100 par and a 7 percent annual dividend before averaging. Yields are obtained by dividing the average per-share dividend by the average per-share price in each group. Source: Except as noted, U.S. Bureau of Economic Analysis. Monthly data in Survey of Current Business. For original sources, see table stub. No. 734. SECURITY PRICES AND VOLUME OF TRADING: 1950 TO 1972 CLASS 1950 1972 NA Not available. 1 Derived from average market yields on basis of an assumed 3 percent, 20-year bond. Daily average of reported share volume on the New York Stock Exchange. Average daily volume of trading, normally conducted 5 days per week for 51⁄2 hours per trading day. Source: Except as noted, U.S. Board of Governors of the Federal Reserve System, Federal Reserve Bulletin. No. 735. SALES OF STOCKS AND BONDS ON REGISTERED EXCHANGES: 1950 to 1972 ! Includes voting trust certificates, American depositary receipts, and certificates of deposit for stocks. 2 Excludes U.S. Government bonds. Source: U.S. Securities and Exchange Commission. Monthly data in Statistical Bulletin. No. 736. SECURITIES LISTED ON N.Y. STOCK EXCHANGE: 1940 TO 1972 Source: New York Stock Exchange, Inc., New York, N.Y., Fact Book, annual. No. 737. STOCK OWNERSHIP-CHARACTERISTICS OF SHAREOWNERS: 1959 TO 1970 [In thousands. Includes outlying areas, most members of the Armed Forces, citizens living abroad, and minor children. Represents all publicly owned issues of common and preferred stocks. Based on national probability samples; see source for detailed explanation] 1 Excludes small number not classified. * Shareowners whose stockholdings are registered in accordance with the Gifts to Minors Statutes. Source: New York Stock Exchange, Inc., New York, N.Y., Census of Shareowners, 1959, 1962, 1965, and 1970. No. 738. SECURITIES-NEW SECURITIES OFFERED FOR SALE: 1950 To 1972 [In millions of dollars. Estimated gross proceeds are derived by multiplying principal amounts or number of units by offering prices, except for municipal issues where principal amount is used. Covers substantially all new issues of securities offered for cash sale in United States in amounts over $100,000 and with terms of maturity of more than 1 year. Includes privately placed and publicly offered issues, unregistered issues, and those registered under Securities Act of 1933. See also Historical Statistics, Colonial Times to 1957, series X 355, X 359–362, and X 372] Represents zero. 1 "Extractive" included with "Commercial and other." No. 739. SECURITIES-NET CHANGE IN CORPORATE SECURITIES OUTSTANDING: 1940 TO 1972 [In millions of dollars. Covers estimated cash transactions only. New issues exclude foreign and investment companies, and include sales of securities held by affiliated companies, special offerings to employees, and also new stock issues and cash proceeds connected with conversions of bonds into stocks. Retirements include the same types of issues, and also securities retired with internal funds or with proceeds of issues for that purpose. See Historical Statistics, Colonial Times to 1957, series X 363-365, for related but not comparable data] Source: U.S. Securities and Exchange Commission. Quarterly, in Statistical Bulletin. 494-660 O-73 - 31 No. 740. LIFE INSURANCE IN FORCE-SUMMARY: 1940 TO 1972 [As of December 31 or for years ending December 31. Prior to 1960, excludes Alaska and Hawaii. Covers life insurance with life insurance companies only. Represents all life insurance in force on lives of U.S. residents. whether issued by U.S. or foreign companies. "Families" includes families, subfamilies, and unrelated individuals; see definitions, p. 3. See also Historical Statistics, Colonial Times to 1957, series X 436-440] 2 Insures borrower to cover loan in case of death. 1 Total of ordinary, group, industrial, and credit. Source: Institute of Life Insurance, New York, N. Y., Life Insurance Fact Book, annual. Based on data from The Spectator, Philadelphia, Pa., Insurance Yearbook; and U.S. Bureau of Economic Analysis. No. 741. U.S. LIFE INSURANCE COMPANIES-SUMMARY: 1950 TO 1972 [Money figures in millions of dollars. Prior to 1960, excludes Alaska and Hawaii. As of December 31 or calendar year, as applicable. Covers domestic and foreign business of U.S. companies. See also Historical Statistics, Colonial Times to 1957, series X 435 and X 441-458] NA Not available. For 1955, includes $1.9 billion group life insurance for Federal employees. ? Includes servicemen's group life insurance of $27.4 billion for 1965, and $16.8 billion for 1970. The rate is the ratio of the number of policies lapsed or surrendered (for cash, extended term, or reduced paid up insurance), less reinstatements, to the mean number of policies in force. Total income and payments to policyholders include data on operations of accident and health departments of life insurance companies; since these data are not shown separately, components do not add to totals. 'Beginning 1955, accidental death benefits included with death payments. Source: Institute of Life Insurance, New York, N.Y. Based on data from Life Insurance Fact Book and from nectator, Philadelphia, Pa., Insurance Yearbook. Life Insurance No. 742. LIFE INSURANCE IN FORCE-STATES: 1971 AND 1972 463 Includes group credit certificates. 2 Insures borrower to cover loans in case of death. Source: Institute of Life Insurance, New York, N.Y., Life Insurance Fact Book, annual, |