No. 775. Active CorporatIONS-INCOME Tax Returns: 1950 to 1970 [Number of returns in thousands; money figures in billions of dollars. See headnote and footnotes, table 640. See also Historical Statistics, Colonial Times to 1957, series V 113, and, for related but not comparable data, series V 86-97]

NA Not available. X Not applicable.

Excludes (a) Federal income and profits taxes; (b) estate, inheritance, legacy, succession, and gift taxes; (c) income and profits taxes paid to a foreign country or U.S. possession if any portion was claimed as a tax credit; (d) taxes assessed against certain local benefits; (e) Federal taxes on tax-free covenant bonds; and (ƒ) unidentifiable amounts of taxes reported in "Cost of sales and operations," beginning 1955.

Excludes wholly tax-exempt interest; beginning 1965, includes constructive taxable income from related foreign corporations.

Beginning 1965, includes tax from recomputing prior year investment credit.

For 1965, data are after adjustments for investment credit; for 1967, includes tax surcharge; for 1969, includes additional tax for tax preferences.

Source: U.S. Internal Revenue Service, Statistics of Income, Corporation Income Tax Returns.

No. 776. Largest IndustriaL CORPORATIONS AND RETAILING COMPANIES—Sales, BY GROUP RANK: 1955 TO 1972

[Excludes large privately owned companies that do not publish sales. Includes sales of subsidiaries when they are consolidated. Industrial corporations: Includes service and rental revenues, but companies must derive more than 50 percent of revenues from manufacturing or mining for fiscal years ending not later than December 31 of year stated; excludes excise taxes collected by manufacturer. Retailing companies: Includes all operating revenues for fiscal years ending not later than March or April following year stated; beginning 1970, excludes wholesalers]

Source: Fortune, New York, N.Y., adapted from The Fortune Directory. (Copyright, by Time Inc.)

No. 777. LARGEST INDUSTRIAL CORPORATIONS AND RETAILING COMPANIES ASSETS, EMPLOYEES, AND INCOME, BY RANK OF SALES: 1965, 1970, AND 1972

[Money figures in billions of dollars, employees in thousands, except percent. See headnote, table 776]

NA Not available.

1 Total assets employed in business at end of fiscal year, less depreciation and depletion.

2 As of year end, or yearly average. 3 After taxes, special charges, and credits.

No. 778. 500 LARGEST INDUSTRIAL CORPORATIONS-SELECTED FINANCIAL ITEMS, BY INDUSTRY: 1972

[Figures are medians based on sales in 1972. See headnote, table 776. For definition of median, see preface]

Source of tables 777 and 778: Fortune, New York, N.Y., The Fortune Directory. (Copyright, by Time Inc.)

Corporations-Fixed Capital

483

No. 779. SHARE OF ASSETS HELD BY The Largest MANUFACTURING CORPORATIONS: 1948 TO 1971

[In percent. Corporations ranked on value of assets in each year. Prior to 1969, excludes newspapers]

Source: U.S. Federal Trade Commission, Bureau of Economics, unpublished data.

No. 780. LARGEST MANUFACTURING COMPANIES-SHARE OF TOTAL VALUE ADDED BY MANUFACTURE: 1947 TO 1970

[In percent. 1962, 1966, and 1970 based on Annual Survey of Manufactures, other years on Census of Manufactures. "Largest companies" are those which were largest in each of the specified years in terms of value added]

Source: U.S. Bureau of the Census, Concentration Ratios in Manufacturing Industry: 1967, and Annual Survey of Manufactures: 1970.

No. 781. CORPORATE MANUFACTURING ASSETS AND PROFITS, BY ASSET SIZE: 1960, 1970, AND 1972

NA Not available. 1 Data derived from Internal Revenue Service, Statistics of Income, 1960. 2 Estimate. Source: U.S. Federal Trade Commission, Quarterly Financial Report for Manufacturing Corporations.

No. 782.

AVERAGE ANNUAL CHANGE IN STOCK OF FIXED CAPITAL PER EMPLOYED
PERSON IN THE PRIVATE ECONOMY: 1947 тo 1971

[In percent. Refers to constant (1958) dollar private purchases of plant and equipment with an allowance for retirement. Covers all business capital but excludes religious, educational, hospital, and other institutional construction]

Source: U.S. Bureau of Labor Statistics and U.S. Bureau of the Census, unpublished data.

No. 783. CORPORATE PROFITS, TAXES, AND DIVIDENDS: 1950 to 1972

[In billions of dollars.

Prior to 1960, excludes Alaska and Hawaii. Covers corporations organized for profit. Represents profits accruing to U.S. residents, without deduction of depletion charges and exclusive of capital gains and losses; intercorporate dividends from profits of domestic corporations are eliminated; net receipts of dividends and branch profits from abroad are added]

1 Represents amounts disbursed to U.S. residents, measured after elimination of intercorporate dividends. 2 Includes depreciation and accidental damages.

3 Undistributed profits plus capital consumption allowances.

Source: U.S. Bureau of Economic Analysis, Survey of Current Business, monthly.

No. 784. Corporate Profits, By Industry: 1960 to 1971
[In billions of dollars. Minus sign (-) denotes loss. See headnote, table 783]

Source: U.S. Bureau of Economic Analysis, Survey of Current Business, monthly.

No. 785. PUBLIC UTILITY CORPORATIONS-REVENUES, PROFITS, AND DIVIDENDS:

1 Class I line-haul railroads. 2 Class A and B electric utilities. 3 Revenues and profits for telephone operations of Bell System Consolidated (including the 20 operating subsidiaries and Long Lines and General departments of American Telephone and Telegraph Company) and of 2 affiliated telephone companies. Dividends for the 20 operating subsidiaries and 2 affiliates.

Source: U.S. Board of Governors of the Federal Reserve System, Federal Reserve Bulletin, monthly.

No. 786. MANUFACTURING CORPORATIONS-SALES, PROFITS, AND STOCKHOLDERS' EQUITY: 1950 TO 1972

[In billions of dollars. Prior to 1969, excludes newspapers. For explanatory notes concerning compilation of the series and comparability of the data, see Federal Trade Commission's Quarterly Financial Report for Manufactu ny Corporations]

1 Annual data are average equity for the year (using four end-of-quarter figures).

No. 787. MANUFACTURING CORPORATIONS-RELATION of Profits AFTER TAXES TO STOCKHOLDERS' EQUITY AND TO SALES: 1960 To 1972

[Averages of quarterly figures at annual rates. Prior to 1969, excludes newspapers. For explanatory notes concerning compilation, see Federal Trade Commission's Quarterly Financial Report for Manufacturing Corporations. Based on sample; see source for discussion of methodology]

Source of tables 786 and 787: U.S. Council of Economic Advisers. In Economic Report of the President, January 1973. Data from U.S. Federal Trade Commission and U.S. Securities and Exchange Commission.