Full text of Treasury Bulletin : April 1977
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Treasury Bulletin
April 1977
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
April 1, 1977
E R R ATA
Treasury Bulletin March - 1977
Headings & Stubs
Attention is called to Foreign Currency Position tables.
Table FCP-II-2. - Wee k ly B a n k Positions 11/
(In millions of Belgian francs)
Assets and liabilities 12/
Net
Foreign
branch
net
World
wide
net
(3)
(4)
(5)
Date
Assets Liabilities
(1)
(2)
Net position
Exchange contracts 13/
Banks in U.S.
Foreign
branch
Bought
Sold
Net
net
(6)
(7)
(8)
(9)
Banks in U.S.
World
wide
net
(10)
Exchange
rate 17/
Foreign World
U.S. 14/ branch
wide 16/
15/
(12)
(13)
(14)
(11)
Table FCP-IX-1. - Nonbanking Firms’ Positions
(In millions of pounds)
Position
at end
of month
Liquid
assets
(1)
If
Short
term
debt 3/
Short-term trade
Receiv
Pay
ables 5/
ables 4/
(2)
(3)
Other
assets
JL
(5)
(4)
Forward exchange 8/
Other
liabil
ities 7/
(6)
Bought
Sold
(7)
(8)
Net
position
9/
(9)
Ex
change
rate 10/
Positions
held by
offices in:
(10)
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - M o nt h ly B a n k Foreign Office Positions is/
(In millions of United States dollars)
Balance sheet items
End
of
month
Maturity
1975-Dec... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Demand/spot..................
3 Days-1 month................
Over 1 month-3 months...........
Over 3 months-6 months..........
Over 6 monbhs-1 year.............
Over 1 year..................
Total of all maturities.........
Capital assets, liabilities......
Assets 19/
(1)
14,752
27,839
31,755
23,505
4,349
7,795
109,995
110
110,105
Liabilities
(2)
22,807
32,008
29,795
19,677
4,041
4,147
112,475
219
112,694
Net
(3)
-8,055
-4,169
1,960
3,828
308
3,648
-2,480
-109
-2,589
Net
overall
position 21/
■
1
(7)
-8,403
-3,218
2,993
4,370
829
4,061
632
-109
523
Revisions in Data
Page
128
136
tt
137
141
Table
FCP-II-1
FCP-VI-1
11
FCP-VII-1
FCP-IX-1
Date
Dec.
Dec.
Jan.
Dec.
Dec.
1975
1975
1976
1975
1975
Column
Location
Revised Figure
9
9
9
1
6
Worldwide
United States
United States
Worldwide
United States
12,060
10,051
11,753
211,879
203
Instead of "All Foreign" read "Abroad" on page 134, Table FCP-V-1, page 136, FCP-VI-1, page 137, FCP-VII-1, page 139, Table FCP-VIII-1, page 141, FCP-IX-1.
As shown in the March 1977 Treasury Bulletin.
A pril 1977
J
CONTENTS
Page
Article
- Treasury Financing Operations...................................................
VI
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations....................................................
1
FFO-2*
Chart
- Budget Receipts by Source.......................................................
- Budget Receipts by Source.......................................................
3
5
FFO-3.
- Budget Outlays by Agency.......................................................
6
FFO-4.
- Undistributed Offsetting Receipts...............................................
7
FFO-5.
- Budget Outlays by Function......................................................
8
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities (Net).........
10
FFO-7.
- Trust Funds Transactions........................................................
11
FFQ-3.
- Selected Accrual Data Reported by Federal Agencies...............................
12
FEDERAL OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class.
14
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class.................... _............................................
14
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency....
15
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months....................................................................
16
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury.......................................
yj
UST-2.
- Analysis of Changes in Tax and Loan Account Balances..............................
^8
UST-3.
- Gold Assets and Liabilities of the Treasury......................................
2.9
MONETARY STATISTICS
MS-1.
- Currency and Coin in Circulation........... ....................................
20
FEDERAL DEBT
FD-1.
- Summary of Federal Debt........................................................
21
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt..
21
FD-3.
- Interest-Bearing Public Debt....................................................
22
FD-4.
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt..
22
FD^-5.
- Government Account Series........ ..............................................
23
FD-6 .
- Interest-Bearing Securities Issued by Government Agencies.........................
24
FD-7.
- Participation Certificates......................................................
25
FD -8 .
- Debt Subject to Statutory Limitation............................................
26
FD-9.
- Status and Application of Statutory Limitation...................................
27
FD-10.
FD-11.
- Treasury Holdings of Securities.................................................
- Description of Securities of Government Corporations and other Business-type
Activities Held by the Treasury.................................................
28
30
PUBLIC DEBT OPERATIONS
FDO-l.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities............
34
EDO-2.
- Offerings of Bills.............................................................
35
PDO-3.
- New Money Financing through Regular Weekly Treasury Bills.........................
38
II
Treasury Bulletin
CONTENTS
Page
^2
PDO-4.
- Offerings of Public Marketable Securities................................................
PDO-5.
- Unmatured Marketable Securities Issued at a Premium or Dis co u nt .......................
45
PDO-6 .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities ....
49
PDO-7.
- Disposition of Public Marketable Securities.............................................
54
PDO-8 .
- Foreign Series Securities..................................................................
57
PDO-9.
- Foreign Currency Series Securities.......................................................
63
UNITED STATES SAVINGS BONDS
SB-1.
- Sales and Redemptions by Series, Cumulative.............................................
66
SB-2.
- Sales and Redemptions by Periods, All Series Combined..................................
66
SB-3.
- Sales and Redemptions by Periods, Series E through K ...................................
67
SB-4.
- Redemptions of Matured and Unmatured Savings B o nd s ......................................
69
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods..........................................................
<70
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
- Distribution of Federal Securities........................................................
7 -^
OFS-2.
- Estimated Ownership of Public Debt Securities...........................................
72
TREASURY SURVEY OF OWNERSHIP
TS0-1.
- Summary of Federal Securities.............................................................
73
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution.
74
TSO-3.
- Interest-Bearing Marketable Public Debt Securities by I ssue............................
74
TSO-4.
- Securities Issued by Government Ag e ncies.................................................
76
TSO-5.
- Securities Issued by Government-Sponsored Agencies and D . C .............................
76
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
- Treasury B i l l s ..............................................................................
77
MQ-2.
- Treasury N o t e s ..............................................................................
77
MQ-3.
- Treasury B o n d s ..............................................................................
78
Chart
- Yields of Treasury Securities............ ................................................
79
AVERAGE YIELDS OF LONG-TERM BONDS
Ay-1.
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds...............
80
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds...............
81
EXCHANGE STABILIZATION FUND
ESF-1.
- Balance Sheet..................................................................
82
ESF-2.
- Income and Expense.............................................................
83
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve A s s e t s ........................................................................
&+
IFS-2
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners.....................................................
85
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by A r e a ....................................................................................
86
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Not e s .............................................
87
IFS-5.
- U.S. Position in the International Monetary F u n d ,
88
US-6.
- Weighted-Average of Exchange Rate Changes for the D o l l a r............. .............
.......................
III
A pril 1977
CONTENTS
CAPITAL MOVEMENTS
Page
LIABILITIES TO FOREIGNERS REPORTED
$1
BANKS - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign H ol d e r ...........................................
92
CM-1-2.
- Short-Term Liabilities by Type of Liability.................................................
93
CM-1-3.
- Short-Term Liabilities by C ountry............................................................
95
CM-1--4.
- Short-Term Liabilities, by Type and Country.................................................
96
C M - 1 - - Short-Term Liabilities, Not Regularly Reported Separately.................................
97
CM-1-6.
- Long-Term Liabilities by T y p e ................................................................
98
CM-1-7.
- Long-Term Liabilities by Country.............................................................
99
CLAIMS ON FOREIGNERS REPORTED BY BANKS
CM-II-1.
- Short-Term Claims by T y p e ..................................................................... 100
CM-II-2.
- Short-Term Claims by Country.................................................................
101
CM-II-3.
- Short-Term Claims, by Type and Country..................................................... . 1 0 2
CM-II-4 .
- Long-Term Claims by T y p e ......................................................................
IO3
CM-II-5.
- Long-Term Claims by C ountry ..................................................................
IO4
CM-II-6 .
- Long-Term Claims, by Type and Country....................................................... 1 0 5
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1.
- Liabilities by T y p e .......................................................................... . 1 0 6
CM-III-2.
- Short-Term Liabilities by Country............................................................
107
CM-III-3.
- Short-Term Liabilities,by Type and Country..................................................
10g
CM-III-4.
- Long-Term Liabilities, by Country.................................................
109
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
- Claims by T y p e ................................................................................ H O
CM-IV-2.
- Short-Term Claims by Country.................................................................
HI
CM-IV-3.
- Short-Term Claims, by Type and Country..................................................... .
YL2
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by T y p e ..................
113
CM- IV- 5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by C o u n t r y .............. . 1 1 3
CM-IV-6 .
- Short-Term Liquid Claims Reported by Large Noribanking Concerns, by Type and Country....
CM-IV-7.
- Long-Term Claims by Country.................... ,..............................................
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities..............................
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities............................... . ^ 6
TRANSACTIONS IN LONG-TERM SECURITIES) BY FOREIGNERS
116
^17
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country.........
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country......., n g
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic B o n d s .......................................
CM-V-6 .
- Net Foreign Transactions in Domestic Stocks by Country.................................... . 1 2 0
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country............................. 1 2 1
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country....................................... 1 2 2
H 9
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest D a t e .........................
123
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Y e a r .........................
124
FOREIGN CREDIT A N D DEBIT ‘BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1.
- Foreign Credit Balances (Due to Foreigners)................................................. . 1 2 5
CM^VI-2.
- Foreign Debit Balances (Due from Foreigners)................................................
126
IV
T r e a s u r y B u ll e ti n
CONTENTS
FOREIGN CURRENCY POSITIONS
SUMMARY POSITIONS
Page
FCP-I-1.
Nonbanking F i r m s 1 Positions.................................................................
128
FCP-I-2.
Weekly Bank Positions...................... ................................................
128
FCP-I-3.
Monthly Bank Positions......................................................................
128
BELGIAN FRANC POSITIONS
FCP-II-1.
Nonbanking F i r m s 1 Positions.......................................... ................ .
129
FCP-II-2.
Weekly Bank Positions............................................................. .........
129
FCP-II-3.
Consolidated Monthly Bank Positions........................................................
130
CANADIAN DOLLAR POSITIONS
FCP-III-1.
Nonbanking F i r m s 1 Positions.................................................................
131
FCP-III-2.
Weekly Bank Positions..................................................................... .
131
FCP-III-3.
Consolidated Monthly Bank Positions........................................................
132
FRENCH FRANC POSITIONS
FCP-IV-1.
Nonbanking F i r m s 1 Positions........................................................... .
133
FCP-IV-2.
Weekly Bank Positions.......................................................................
133
FCP-IV-3.
Consolidated Monthly Bank Positions........................................................
134
GERMAN M ARK POSITIONS
FCP-V-1.
Nonbanking F i r m s ’ Positions.................................................................
135
FCP-V-2.
Weekly Bank Positions.......................................................................
135
FCP-V-3.
Consolidated Monthly Bank Positions.......................................................
^-36
ITALIAN L IRA POSITIONS
FCP-VI-1.
Nonbanking F i r m s 1 Positions.................................................. ..............
137
FCP-VI-2.
Weekly Bank Positions............ ..........................................................
137
JAPANESE YEN POSITIONS
FCP-VII-1.
Nonbanking F i r m s 1 Positions............................... .................................
138
FCP-VII-2.
Weekly Bank Positions.......................................................................
138
FCP-VII-3.
Consolidated Monthly Bank Positions................... ....................................
139
SWISS FRANC POSITIONS
FCP-VIII-1.
Nonbanking F i r m s 1 Positions.................................................................
140
FCP-VIII-2.
Weekly Bank Positions.......................................................................
140
FCP-VIII-3.
Consolidated Monthly Bank Positions........................................................
1 £L
STERLING POSITIONS
FCP-IX-1
Nonbanking F i r m s 1 Positions.............. ............................................... .
142
FCP-IX-2.
Weekly Bank Positions.............................................................. ...... .
142
FCP-IX-3.
Consolidated Monthly Bank Positions..................... ........ ................ ........
143
UNITED STATES DOLLAR POSITIONS ABROAD
Nonbanking F i r m s 1 Foreign Subsidiaries1 Positions............................... ........
1^
FCP-X-2.
Weekly Bank Foreign Office Positions.......................................................
1^
FCP-X-3.
Monthly Bank Foreign Office Positions.....................................................
1^
FCP-X-1.
V
April 1977
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Page
GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES
GA-I-2.
- Statements of Income and Retained Earnings.................. ..............................
148
FEDERAL CREDIT PROGRAMS
G A -II-1.
- Direct Sales and Repurchases of Loans......................................................
175
GA-II-2.
- Direct and Guaranteed Loans Outstanding....................................................
176
Cumulative Table of Contents.............................................................................
183
N ote:
D e t a ils o f f ig u r e s may n ot add t o t o t a l s b eca u se o f rounding.
Treasury Bulletin
VI
T r e a s u r y Financing
Operations
Auction of 2-Year Notes
On March 10 the Treasuiy
announced that it would auc
each year ijntil maturity. A coupon rate of 7% was set after
tion $2,500 million of 2-year notes to refund $2,053 million
the determination
of notes held by the public maturing March 31, 1977,
yield basis, the average of which translated into an average
raise $447 million new cash.
Notes of Series N-1979, to
March 31, 1979,
with
and to
The notes offered were Treasury
be dated
interest
September 30 and March 31 in
March
payable
each year
31, 1977,
due
semiannually
on
until maturity.
A
as to which
tenders
were accepted on a
accepted price close to 100.000.
Tenders for the
notes were received
EST, March 29, and totaled
million was
until 1:30 p.m.,
$3,911 million, of which $2,250
accepted at yields
ranging from 6.98%,
coupon rate of 6% was set after the determination as to which
100.058 up to 7.03%,
tenders were accepted on a yield basis, the average of which
for $1 million or less from any one bidder were accepted in
translated into an average accepted price close to 100.000.
full at the average yield of accepted tenders, 7.02%, price
Tenders for the notes
were received until 1:30
EST, March 22, and totaled $5,312
million was accepted
p.m.,
million, of which $2,995
at yields ranging
100.019 up to 6.03%, price 99.944.
from 5.99%,
Noncompetitive
price
99.889,
These
price 99.846.
price
totaled $247
Noncompetitive tenders
million.
3h
from foreign and international monetaiy authorities.
Tenders were received
at Federal
Reserve
for $1 million or less frcm any one bidder were accepted in
branches and at the
full at the average yield of accepted tenders, 6.02%, price
D.C.
99.963.
registered as to principal and interest were
In addition, $1,003 million of tenders were
at the average
price from Government
accepted
accounts and Federal
Reserve banks for their own account in exchange for securi
be
agents
for
foreign
and
international
monetary authorities for new cash ($480 million).
Tenders were
branches and at
received at
Federal Reserve
issued in
and
the Bureau of the Public Debt, Washington,
thereabouts, of 364-day Treasury bills to be dated April 5,
March
30.
$100,000,
They
April 4, 1978.
totaled $6,986
from the
themselves
the average
and as
Auction of 5-Year 1-Month Notes
of the bills was
tion $2,250
cash.
The
million of 5-year
notes
E-1982, to be dated
offered were
1-month notes
Treasury
April 4, 1977, due
interest payable semiannually
to raise new
Notes of
Series
May 15, 1982, with
on November 15 and May 15 in
of foreign and
cash.
price to
agents
monetary authorities.
Treasuiy announced that it would auc
million, of which $3,205
public and $1,051
and $1,000,000.
On March 21 the
Tenders were opened on
million was accepted, including $55 million of noncompetitive
issued at
of $5,000, $10,000,
$10,000,
On March 24 tenders were invited for $3,203 million, or
registered as to principal and
in denominations
$5,000,
52-Week Bills
tenders
be issued
of $1,000,
authorized to
$100,000, and $1,000,000.
D.C. Bearer notes, with interest coupons attached, and notes
interest were authorized to
Bureau of the Public Debt, Washington,
denominations
1977, and to mature
banks
banks and
Bearer notes, with interest coupons attached, and notes
ties maturing March 31, 1977 ($523'million) and from Federal
Reserve hanks as
$350
million of tenders were accepted at the average-yield price
tenders
These totaled $348 million.
addition,
of
million of
the bills
Federal Reserve banks for
foreign
and
international
An additional amount of $136 million
issued to Federal Reserve banks as agents
international monetary
authorities for new
The average bank discount rate was 5.158%.
The issue
was to refund $3,203 million of bills maturing April 5, 1977.
Short-dated Bills
On March 28 tenders
were invited
for 15-day bills in
VII
April 1977
Treasury Financing Operations—Continued
the amount of $4,500 million, or thereabouts,
representing
an additional amount of bills dated October 21, 1976, matur
of bills are issued in book-entry form on the records of ei
ther the Federal Reserve Ibanks and branches or of the Treasury.
For a limited period of time,
ing April 21, 1977.
Tenders were received at all Federal Reserve banks and
available only in the $100,000 denomi
nation to investors
who are able to show that they are re
1:30 p.m., EST, April 1,
quired by law to ho*1*
•
?n physical form.
Tenders are received at Feaeral Reserve banks and branches
They totaled $14,94-0 million, of which $4,506 million
and from individuals at the Bureau of the Public Debt, Wash
branches up to the
1977.
definitive bills of the 52-
week issues will be
was accepted.
closing hour,
ington.
The average bank discount rate was 4*632%.
Each tender must be for a minimum of $10,000.
ders over $10,000 must be in multiples of $5,000.
The
minimum acceptable
tender was
$1 million,
with
tenders above that amount in multiples of $1 million.
These
short-dated
bills
have been
referred
Ten
Payment
for the full par amount of 52-week bills applied for must ac
company all tenders submitted for bills to be maintained on
to
as
the book-entry records of the Department of the Treasury.
A
cash adjustment will be made for the difference between the
”Federal Funds Bills". The large minimum acceptable
size simplifies the auction and permits
tender
these bills to
sold on much shorter notice than is the case
with
be
regular
par payment submitted and the actual issue price as
mined in the auction.
No deposit need accompany tenders from
incorporated banks and trust companies and from responsible
and recognized dealers in investment securities,
bill auctions.
13-Week and 26-Week Bills
deter
for bills
to be maintained on the book-entry records of Federal Reserve
blanks and branches, or for definitive bills, where authorized.
Issues
of regular weekly
Treasury
bills
in March
totaled $27,900 million. These issues were offered for
cash
and in exchange for bills maturing in the same amount. There
were
two 13-week
issues of
issues of
for must accompany tenders for such bills from others,
un
less an express guaranty of payment by an incorporated bank
13-week
or trust company accompanies the tenders.
Noncompetitive tenders (without stated price), usually
13-week issue of $2,500
for $500,000 or less from any one bidder, for each issue of
$2,100
$2,300 million, and one
A deposit of 2 percent of the par amount of the bills applied
million, two
13-week, 26-week, and 52-week bills, are accepted in full at
million.
There were two 26-week issues of
$3,100 million,
two 26-week issues of $3,400 million, and one 26-week issue
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
of $3,600
million.
Average
rates for
the new issues are
funds or in a like face amount of Treasury bills maturing on
shown in the following table.
that date.
Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
Annual average rate
(bank discount basis)
Date of issue
Foreign Series and Foreign Currency Series
Foreign
13-week
26-week:
series
securities
issued
in March
totaled
$1,560 million, consisting of five notes. Redemptions for
the month totaled $1,513 million. At the end of March,
1977
March
3
10
17
24
31
4.708
4.653
4.546
4.554
4.609
4.943
4.965
4.813
4.826
4.869
Treasury Bills (Other than Short-dated bills’) - General
Treasury bills are sold on a bid basis.
is payable without interest at maturity.
foreign series securities outstanding
lion.
totaled $20,617 mil
(Details are shown on page 62. )
Foreign currency series securities
consisted of a note denominated
to $50 million.
issued in March
in Swiss francs equivalent
Redemptions for the month totaled an equi
The par amount
They are issued
valent of $82 million. At the end of March foreign currency
series securities outstanding totaled an equivalent of
only in bearer form in the case of all issues except 52-week
bills in denominations of $10,000, $15,000, $50,000, $100,000,
$500,000, and $1,000,000 (maturity value).
Note:
52-week issues
$1,461 million
and were all
denominated in
(Details are shown on page 65.)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
Swiss francs.
1
April 1977
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Budget receipts and outlays
Means of financing— net transactions
Borrowing from the public— Federal securities
Fiscal year
or month
Net
receipts
1/
Net
outlays
Z/
1976-Feb...,
Mar...,
Apr...,
May...,
June..,
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1977-Jan__
Feb__
Fiscal 1977
to date....
Public
debt
securi
ties 2/
Agency
securi
ties
Invest
ments of
Govern^
ment ac
counts ij
Total
4+5-6
l/&
(4)
(5)
(6)
(7)
178,833
184,548
196,588
211,425
231,876
'246,526
268,392
'324,601
365,610
■94,473
417,417
459,373
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
-43,604
-65,605
-12,700
-68,040
-57,749
22,476
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
82,049
76,705
5,944
-10,150
-1,739
-347
-1,269
216
903
-1,069
-90
194
-1,388
-1,394
5,320
8,522
10,062
7,417
8,420
11,822
14,813
7,031
4,341
-3,514
7,661
9,510
23,100
-11,146
5.397
19,448
19,442
19,275
3,009
50,853
82,813
17,977
73,000
65,800
-8,957r
-8^623
872
-5,731
7,048
-11,247
-2,211
757
-12,981
-7,385
-2,419
-2,664
-6,554
9,465
6,620
22,660
27,360
31,753
21,018
25,698
29,472
29,977
24,327
29,803r
29,054
32,476
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
32,640
30,880
9,760
4,114
8,782
1,373
2,902
7,036
8,905
363
9,442
-32
-9
-8
-139
353
-19
-5
-30
-393
-305
-13
498
-706
54
4,581
5,905
-1,990
401
-1,925
-1,489
268
2,205
-3,099
310
5,964
8,733
3,279
4,386
6,738
6,306
3,157
9,118
130,491
162,494
-32,002
28,647
-746
-1,805
29,706
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81,773
349,377
401,624
20,845
20,431
33,348
22,679
37,615
Other
2/
(8)
196 8
196 9
197 0
197 1 .
197 2
197 3
197 4
197 5
197 6
T.Q.......
1977 (Est.)...
1978 (Est.)...
1976-JTeb....
Mar,,,
Apr....
May....
June...
July...
Aug...
Sept...
Oct....
Nov....
Dec....
1977-Jan....
Feb....
Total budget
financing
7-8-9-10
-11-12+13+14
(14)
(15)
(16)
25,161
-3,236
2,845
23,033
23,227
14,301
3,460.
43.604
65.605
12,700
68,040
57,749
6,785
7,544
9,291
10,117
11,785
13,854
10,473
Fiscal 1977
to date....
367
10,407
-961
482
1,297
-208
-778
-8,897
-7,456
-2,179
-10,337
-7,975
-989r
-1,205
-284
-407
45
1,358
-3,506
1,949
1,734
-3,077
1,107
3,980
-950
-1,088
-1,059
-31
2,590
-584
-1,467
-2,890
-421
8,957r
8,623
-872
5,731
-7,048
11,247
2,211
-757
12,981
7,385
2',419
2,664
6,554
2,794
-2,772
32,002
Footnotes on following page.
-*
-25
-26
-17
-192
64
-4,032
3,517
-3,383
6,682
-4,784
1,658
5,705
-5,371
-3,391
3,018
1,018
1,915
-2,811
(ID
(12)
1,859
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
n.a.
n.a.
557
290
711
-8
245
123
-302
-59
n.a.
n.a.
-1,570
7,246
2,579
n.a.
n.a.
Other
Gold
tranche
drawing
rights
538
644
802
-908
-988
50
525
1,121
1,024
764
n.a.
n.a.
-2r
59
-32
251
538
85
-231
319
-19
2
8
-69
-405
13
30
-20
8
-374
-489
-60
163
1,456
-1,215
322
770
—866
468
258
351
154
49
285
W
-186
137
443
Selected balances, end of period
Transactions
not applied to
year's surplus
or deficit IQ/
2,997
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
-318
-56
l,103r
-1,813
2,076
-853
-3,476
1/
-1,094
760
1,746
826
1,668
2,068
-3,380
General ac
count of the
U.S. Treasury
J5/J2/
Federal securities
U.S.
Treasury
Operating
cash
Public
debt
securities
2/
(13)
Special
drawing
rights
(10)
(9)
8,964r
7,320
1.398
4,109
3,847
Means of financing— net transactions— Con.
Fiscal year
or month
U.S.
Treasury
operating
cash
Within general
account of the
U.S. Treasury
(3)
(2)
(1)
.
196 8
196 9
.
197 0
.
197 1
.
197 2
.
197 3
.
197 4
.
197 5
.
197 6
.
T.Q..............
1977 (Est.)
1978 (Est.)
Surplus
or
deficit (-)
1-2
Cash and monetary assets (Deduct)
(17)
-
-
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(20)
(19)
12,051
8,019
11,536
8,153
14,635
10,051
11,709
17,414
12,043
8,652
11,670
12,688
14,603
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
716,750
793,455
593,871
600,490
601,973
610,672
620,432
624,546
633,328
634,701
637,603
644,639
653,543
653,907
663,348
'24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
10,290
8,895
10,920r
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
14,603
663,348
10,932
7,589
14,835
17,414
-
(18)
Agency
securities
11/
22/
(21)
79,140
87,661
97,723
105,140
113,559
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
125,331
140,194
147,225
151,566
148,052
155,713
165,223
141,733
141,026
141,080
145,660
151,566
149,576
149,977
148,052
146,563
146,831
149,037
145,937
146,247
146,247
571,327
637,127
463,045
470,365
471,763
475,872
479,719
485,683
494,417
497,696
502,713
509,451
515,757
518,914
528,033
,
528,033
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS*
Footnotes to Table FFO-1.
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the 1978 Budget Revisions of the
U.S. Government, released February 22, 1977.
l/ For "detail see Table FF0-2.
2/ For detail see Table FFO-3.
2/ As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the budget presentation.
For detail see Table FF0-6.
5/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis
and are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FFO-IO in the October 1974
Bulletin.
6/ As of July 1974, balances shown under ,fWithin general account of the
U.S. Treasury” are now presented in columns 9, 11, and 13.
2/ Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
S/ Represents activity of the International Monetary Fund.
2/ Includes: public debt accrued interest payable to the public, de
posit funds, miscellaneous asset and liability accounts, and as of
July 1974, the gold balance.
10/ Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassifi
cation of Commodity Credit Corporation certificates of interest;
fiscal 1974 conversion of interest receipts of Government accounts
to an.accrual basis; and net outlays of off-budget Federal agencies
(Export-Import Bank since August *17, 1971, rural electrification and
telephone revolving fund since May 12, 1973, Postal Service fund
since July 1973, Federal Financing Bank since July 1974, housing
for the elderly or handicapped fund since August 22, 1974, and Pen
sion Benefit Guaranty Corporation since September 17, 1974).
11/ For detail, see Table FD-6.
12/ Includes Export-Import Bank transactions of $631 million
reclassified from off-budget,
n.a. Not available. r Revised.
* Less than $500,000.
April 1977
3
__ FEDERAL FISCAL OPERATIONS^,
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Income taxes
Net
budget
receipts
Fiscal year
or month
Individual
Other
Withheld 1/
Corporation
Refunds
Net
Gross
Refunds
Net
income
taxes
Net
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977 (Est.)........
1978 (Est.)........
153,671
187,784
193,743
188,392
208,649
232,225
264,932
280,997
300,005
81,773
349,377
401,624
57,301
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
152,915
186,161
20,951
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
39,591
35,955
9,527
10,191
13,240
14,522
14,143
21,866
23,952
34,013
27,367
958
43,589
42,894
68,726
87,249
90,412
86,230
94,737
103,246
118,952
122,386
131,603
38,801
148,917
179,222
29,897
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
9,809
62,859
67,645
1,232
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,677
6,000
28,665
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
57,182
61,645
97,390
123,927
123,2a
113,015
126,903
139,398
157,571
163,007
173,011
47,261
206,099
240,867
1976-Feb...........
Mar...........
Apr... .......
20,845
20,431
33,348
22,679
37,615
10,946
11,385
10,037
10,755
11,251
22,660
27,360
31,753
21,018
25,698
29,472
29,977
24,327
10,731
11,813
10,406
10,694
12,201
12,179
11,980
11,405
933
2,532
12,723
573
5,275
1,018
542
5,249
564
375
678
6,141
1,154
4,100
8,646
7,512
5,171
490
549
267
142
163
41
194
13
4,045
7,778
5,272
15,248
6,157
16,037
11,201
12,088
15,513
11,095
12,535
12,663
18,108
8,515
1,203
6,485
6,727
1,396
10,391
1,885
1,111
6,812
1,874
1,185
7,838
2,007
1,311
422
621
607
380
391
372
422
554
846
486
205
313
363
781
5,863
6,119
1,016
10,000
1,513
689
6,259
1,027
699
7,633
1,694
948
8,560
11,.135
21,367
7,172
26,036
12,714
12,776
21,771
12,122
13,234
20,296
19,803
9,463
130,491
58,459
8,913
4,456
62,916
14,215
2,214
12,002
74,918
June..........
July..........
Aug...........
Sept..........
Oct...........
Nov...........
Dec......... .
1977-Jan...........
Feb...........
Fiscal 1977
to date...........
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977 (Est.)........
1978 (Est.)........
1976-Feb..........
Mar.... ••••••••
Old-age, disability, and
hospital insurance
Gross
Refunds
28,672
33,956
38,600
41,237
45,559
54,166
6?,016
7-4,075
78,792
21,475
90,561
103,109
263
605
386
518
447
479
535
360
408
May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Dec..........
1977-Jan..........
Feb..........
8,313
5,929
7,932
9,288
6,555
5,917
9,045
6,513
5,288
7,488
5,668
6,492
9,067
Fiscal 1977
to date.........
34,003
Footnotes at end of table.
-
44^
502
408
-
-
-
Net
28,409
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,120
102,607
Unemployment insurance
Net
Net
employment
taxes and
contributions
814
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,860
1,855
29,224
34,236
39,133
41,699
46,120
54,876
65,892
75,204
79,909
21,803
91,980
104',462
Railroad retirement accounts
Gross
Refunds
1
*
*
*
1
1
*
*
*
*
*
*
8,313
5,929
7,932
9,288
6,147
5,917
9,045
6,513
5,288
7,488
5,668
6,492
9,067
815
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,860
1,855
254
142
79
203
145
20
283
25
21
287
158
18
290
*
*
*
*
-*
*
*
*
-*
1
*
*
-
254
142
79
203
145
20
283
25
21
287
158
18
290
8,567
6,071
8,011
9,491
6,292
5,937
9,328
6,538
5,308
7,775
5,826
6,511
9,357
34,003
776
*
775
34,778
Gross
Refunds
Net
unemployment
insurance
H,202
6
7
6
8
13
19
26
33
32
6
38
56
3,346
3,328
3,464
3,674
4,357
6,051
6,837
6,771
8,054
2,698
10,883
U7l46
694
140
962
2,945
248
726
1,824
154
504
1,206
-26
348
998
*
11
10
4
-6
3
1
2
1
1
1
1
*
693
129
952
2,940
254
723
1,822
153
503
1,205
-26
347
997
3,030
4
3,026
3,351
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
10,921
Treasury Bulletin
4
_______ FEDERAL FISCAL OPERATIONS_______
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
Net contributions for other
insurance and retirement
Fiscal year
or month
Federal
supple Federal
mentary employees
medical retirement
insurance
Other
retirement'
Excise taxes
Miscellaneous
Net
social
insurance
taxes and
contri
butions
Total
Gross
Refunds
Airport and airwaytrust fund
Net
Gross
Refunds
Net
698
903
936
1,253
1,340
1,427
1,704
1,901
1,937
539
2,143
2,,192
1,334
1,426
1,735
1,916
2,058
2,146
2,302
2,513
2,760
706
2,944
2,958
20
24
29
37
39
41
45
52
54
13
56
56
2,052
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,143
5,206
34,622
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,006
123^814
9,827
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
10,239
10*602
127
96
167
133
1,056
158
141
150
141
44
146
149
9,700
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
10,093
10^53
_
_
_
_
_
564
650
760
842
964
940
277
1,193
1,273
2
1
2
2
1
2
1
2
2
563
649
758
840
962
938
277
1,191
1,271
1976-Feb........
Mar........
Apr........
May........
June.......
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1977-Jan........
Feb........
163
170
160
159
167
178
183
177
173
181
181
178
180
203
259
220
216
254
226
275
205
209
267
219
280
225
4
5
6
4
4
4
5
4
5
3
7
4
4
370
435
386
380
425
408
464
386
388
451
407
462
410
9,631
6,635
9,349
12,811
6,971
7,068
11,614
7,077
6,199
9,432
6,207
7,320
10,764
965
832
877
746
896
886
829
849
803
831
94>
780
748
9
28
-5
12
12
11
15
18
12
28
-3
12
10
957
804
882
734
884
875
814
831
791
803
946
768
738
75
82
81
53
94
92
96
96
93
111
94
97
87
1
*
*
*
*
*
75
§2
81
53
94
92
89
96
93
111
94
97
87
Fiscal 1977
to date.......
894
1,200
24
2,118
39,922
4,104
58
4,046
482
1
481
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
1977 (Est.).....
1978 (Est.).....
Customs ‘
duties
Estate and gift taxes
Excise taxes-Continued
_
1
1
-
Net miscellaneous receipts
Highway trust fund
Fiscal year
or month
1968.........
1969.........
1970.. .......
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.Q..........
1977 (Est.)....
1978 (Est.)....
1976-Feb.......
lifer.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1977-Jan.......
Febi.........
Fiscal 1977
to date.....
Gross
Refunds
4,493
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,794
7,005
340
471
496
545
523
543
574
560
524
594
473
583
489
114
224
32
123
313
153
123
146
152
1
139
148
18
13
106
2
13
2,662
Net
Net
excise
taxes
Gross
14,079
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,939
18,581
1,354
1,344
1,353
1,329
1,489
1,510
1,476
1,486
1,408
1,517
1,513
3,082
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
6,009
5,935
481
464
397
495
450
463
555
467
425
578
506
19
4,379
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,655
6,857
323
458
390
543
511
543
573
560
52A
603
-473
583
470
1^ 7
1,294
1,897
10
2,652
7,179
-
1
-
-9
-
3,919
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates are based on the 1978 Budget Revisions
of the U.S. Government, released February 22, 1977.
1/ Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
included in "Other11.
Refunds
Net
31
39
36
49
54
59
66
77
91
31
100
100
6
15
10
6
7
9
8
14
8
7
4
9
7
3,051
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
5,909
5,835
475
450
387
489
442
454
547
453
417
570
502
36
3,883
1,890
Gross
Refunds
Net
Deposits of’
earnings by
Federal
All
Reserve
other
banks
Total
2,091
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
6,000
6,400
m
fcsa
493
453
503
473
478
487
502
511
490
503
501
478
524
45
29
32
56
1,777
37
49
26
38
50
42
14
9
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
4,720
5,286
288
384
357
349
421
389
394
429
345
392
412
381
347
44
538
482
535
528
2,255
524
552
537
527
553
542
521
568
55
1,877
2,496
216
2,713
2,113
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
4,870
5,446
299
396
370
359
432
399
404
440
358
404
420
395
356
75
68
64
66
107
120
110
106
134
31
150
160
11
12
13
10
11
10
10
11
12
12
8
1,933
400
2,491
2,908
247
158
3,424
3,858
325
380
3,633
426
3,921
523 . 5,369
935 2/ 6,711
2,576 2/ 8,028
112
1,613
2/ Includes $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
Includes $1,670 million in fees for licenses! to import petroleum and
petroleum products.
* Less than $500,000.
2/
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1968 - 1977
$Bil.
1968
1970
1972
1974
1976 T.Q- 1977
1968
1970
1972
1974
1976 T.Q. 1977
1972
1974
1976 T.Q. 1977
60
-
Corporation Taxes
2 q __ Excise Taxes
1968
1970
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government For actual amounts see preceding Table FFO-2
2/ Includes estate and gift taxes, customs duties, and miscellaneous receipts.
Treasury Bulletin
6
.FEDERAL FISCAL OPERATIONS
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
Legis
lative
branch
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
T.Q.........
1977 (Est.)...
1978 (Est.)..,
1976-Feb.....
Mar.....
Apr.....
May.....
June.....
July.....
Aug.....
Sept.....
Oct......
Nov.....
Dec.....
1977-Jan.....
Feb.....
Fiscal 1977
to date.......
Fiscal year
or month
The
judi
ciary
91
109
128
142
173
183
205
284
325
85
398
440
53
1
29
29
58
36
27
23
1
39
26
61
25
28
31
36
47
55
49
75
93
79
16
85
82
5
9
8
6
5
6
5
6
5
6
6
6
5
4,913
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
4,333
5,697
387
153
28
-859
5,732
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
1977 (Est.)....
1978 (Est.)__
1976-Fe b
Mar......
Apr......
May......
June.....
1,213 _
1,266
55
78
67
42
30
12,774
14,991
749
895
1,056
718
1,234
945
985
1,072
1,019
1,331
1/127
233
50
34
116
58
80
129
111
_L_ 494
993
781
5,252
Defense Department
ture De Commerce
partment Depart
ment
*4!3 ,
407
-99
306
670
887
511
-176
493
-223
-574
-891
336
Treasury
Department
Transpor
State
Depart tation
ment
Department Interesb
on the
Other
public
1/
debt 2/
424
437
448
468
568
591
730
844
1,061
316
Fiscal 1977
to date....
Funds ap
propriated
to the
President
255
277
340
384
487
540
625
726
779
225
1,016
1,102
58r
72
43
73
71
67
50_
109
53
99
77
60
101
196S.
1969.,
1970.,
1971.,
1972.,
1973.,
1974.,
1975.,
1976.,
T.Q..
July.....
Aug......
Sept...
Oct......
Nov......
Dec......
1977-Ja n
.
Feb...... .
Executive
Office
of the
President
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
14,411
14,951
1,309
535
999
980
1,248
1,109
1,266
1,475
982
1,875
1,165
1,372
1,286
807
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
3,241
4,974
153
166
162
151
239
178
159
197
131
191
201
145
135
6,680
802
Energy
Re- , Environ
mental
and
Protection
Devlp. Agency
Admin.
Military
77,373
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
21,926
^8,050
109,166
b,794r
7,442
8,158
6,951
7,622
7,246
6,826
7,855
7,244
7,820
8,305
8,004
7,907
39,280
General
Services
Adminis
tration
1,300
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
583
2,469
2,591
142
160
153
164
204
168
209
206
194
218
171
182
116
148,230
161,702
10,759
11,628
11,131
10,485
11,319
11,234
11,318
11,788
11,635
11,983
11,968
11,918
12,136
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
7,704
8,852
592i
-901
443
209
139
1,125
-134
406
110
399
590
517
409
881
59,641
2,026
40,576
46,594
52,338
61,866
71,779
82,042
93,735
34,341
Veterans
Adminis
tration
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
6,858
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
7,337
4,890
7,246
8,879
9,886
11,449
12,945
17,255
18,286
5,527
3,733
3,913
291
307
293
279
286
359
250
368
359
345
275
321
18,370
19,123
1,689
1,674
1,618
1,569
1,254
1,^351
1,385
1,222
1,382
1,723
1,459
1,640
1,574
21,217 *
26,084,
l,U43r
1,310
1,748
1,578
1,437
2,101
1,280
2,146
3,613
1,575
1,596
1,147
125
1,668
7,778
8,183
A/
2,466
2,450
2,453
2,275
2,392
2,393
2,307
3,198
3,759
1,051
701
763
1,114
2,032
2,530
3,118
1,108
5,375
6,419
361
331
322
339
457
233
336
482
267
342
422
326
366
5,309
6,073
274
315
268
219
233
439
338
331
274
412
353
312
284
413
425
446
501
589
468
-276 ,
-624
-92
3
176
305
44
57
-127
26
71
-130*
101
32
-101
74
102
-181
-3
18,013
1,723
1,636
-109
-
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on_ the
1978 Budget"Revisions of the U.S. Government, released February 22, 1977.
Note: Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
ij Cumulative year to date figures may not add due to budget realignments.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for
Housing &
Urban De Interior
velopment Depart
Department ment 2/
National
Aero
nautics
and
Space
Admin.
82
14,573
16,588
336
206
19,304
20,959
31
21,849
275
24,167
6,792
29,319
6,674
8,512
32,665
7,272
37,063
8,102
1,598
42,300 12,100
44,600 10,055
2,815r
217
3,207
411
1,960
3,209
310
3,223
3,143
-194
1,342
3,754
2,862
203
1,486
52
2,870
1,873
3,065
225
-164
6,421
2,881
1,808
260
2,774
3,877
Civil
Health,
Education,
& Welfare
Department
m
Other
independ
ent
agencies
1/ V
'
235
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,54^
3,361
209r
78
188
148
183
253
280
255
248
240
277
171
216
1,151
Justice
Depart
ment
Labor
Depart
ment
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,905
24,004
25,197
172
2,170r
188
2,4^8
194
2,107
172
l',883
2,035
193
215
1,909
2,215
154
181
1,782
199
1,459
1,738
194
215
1,931
213
2,010
2,038
165
430
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,428
2,438
986
9,176
Undistributed Offsetting
Receipts 2/ 6/
Rents and
Royalties
on the Outer
ontinental
Shelf lands
Total
Other
-2,428
-2,662
-1,3U
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
-1,255
178,833
184,548
L96,588
211,425
231,875
246,526
268,392
324,601
365,610
'•4,473
-2,300
-3,400
-50
-736
-414
-495
-45
-64
-289
-958
-71
-120
-353
-61
-70
•12,767
10,609
-5X4r
-1,078
-1,038
-953
-1,323
-1,072
-924
741
-365
-539
-3,854
-399
-518
-17,417
59,373
2y,803r
29,054
32,476
28,410
30,567
33,906
29,571
30,996
34,000
33,083
31,891
32,640
30,880
-675
-5,676
162,494
the Interior Department. To conform with the FI 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
Reported on an accrual basis.
Pursuant to Public Law 93-438, the activity for the Atomic Energy
Commission other than nuclear regulatory and reactor safety research
was transferred to the Energy Research and Development Administration.
5/ Includes the U.S. Postal Service.
6/ For content see Table FFO-4.
A/
Revised.
April 1 9 7 7
7
____ FEDERAL FISCAL OPERATIONS_____
Table FFO-4. - Undistributed Offsetting Receipts
(in millions of dollars)
Federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
Civil Service
Commission
Interest credited to certain Government accounts
Defense
Department
Other
1/
Federal Old-Age,
Civil Service
Disability, and
Retirement and
Hospital Insurance Disability Fund
Total
Health, Education, and Welfare Department
Soldiers’&: Federal Old-Age
Airmen’s
and Survivors
Home
Insurance
Permanent Trust Fund
Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
61
94
138
183
190
198
406
607
708
5
778
864
21
23'
12
17
29
43
77
104
104
4
118
180
1968...........
1969...........
1970........... .
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q..........
1977 (Est.)......
1978 (Est.)......
510
611
728
727
742
816
911
1,082
1,138
294
1,169
1,293
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,918
2,080
592
2,219
2,228
5
6
8
8
9
10
652
980
1,024
99
1,203
1,132
1,825
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,591
4,653
3
3
3
3
3
3
4
7
6
1
6
6
894
1,009
1,346
1,617
1,718
1,848
2,039
2,296
2,346
80
2,320
2,162
83
140
221
324
388
435
479
512
467
13
384
263
1976-Feb........
Mar........
Apr........
May........
June........
July........
Aug........
Sept........
Oct........
Nov........
Dec.........
1977-Jan........
Feb........
Fiscal 1977
to date......
105
104
106
107
108
97
102
95
85
87
92
99
99
151
208
168
165
181
175
271
147
158
205
178
156
170
53
47
49
49
449
50
1
48
48
60
38
124
54
309
361
322
320
739
_
2
9
4
3
5
200
1
9
4
2
11
173
1
9
2
2
2
2
359
2
1
1
2
4
366
2
6
1
2
1
1
44
1
1
2
1
2
47
1
4
462
868
323
196
380
----- 54
374
290
292
352
308
378
323
2
_
-
56
17
56
25
987
£
D
56
17
37
69
961
6
58
1,653
2
1,132
'
_
2
_
1
_
,^
Interest credited to certain Government accounts--Cont.-fnnp>fi
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q...............
1977 (Est.),
1978 (Est.).
1976-Feb...
Mar...
Apr...
May...
June..
July..
Aug...
Sept..,
Oct...,
No®...,
Dec...
1977-Jan...,
Feb...
Fiscal 1977
to date...
Transportation Veterans Administration
Department
National
Government
Service
Life
Life
Insurance
Highway
Insurance
Fund
Trust Fund
Fund
439
517
601
637
496
487
650
639
283
55
335
354
41
9
22
5
44
*•
45
10
7
28
43
1
38
34
53
115
184
206
247
415
586
587
13
605
663
4
4
1
1
279
2
6
6
9
17
249
1
1
32
32
31
31
32
31
31
31
31
*
31
33
*
*
*
*
15
*
*
*
*
•*
16
*
*
211
225
245
271
292
309
338
368
398
8
433
475
7
*
1
*
192
2
6
117
276
16
Civil Service
Commission
Railroad
Civil Service Retirement
Retirement and Board
Disability
Fund
181
191
215
251
258
262
257
274
246
16
235
235
205
2
6
706
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2;760
3,182
65
4
6
40
1,114
3
65
4
8
42
1,302
3
63
214
1,417
124
_
1
_
Source: Monthly Treasury Statement of Receipts and Outlays'of the United
States Government.
Note: Budget estimates are based on the 1978 Budget Revisions released
February 22, 1977 except for estimates not available in the necessary
detail. These estimates are based on the 1978 Budget released
January 17, 1977, the latest available.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
19
2
2
91
1
1
12
2
6
13
91
3
11
Other
Z/
9
8
20
14
12
23
40
130
162
3
196
242
"2r
673
620
463
-2,651
732
348
-1,077
1
2
92
Total
Rents and
royalties
on the Outer
Continental
Shelf lands
Grand
total
1/
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,690
7,800
270
8,176
8,607"
206r
718
716
633
584
751
550
-1,030
74
187
3,546
20
196
4,023
64
289
9(58
71
120
353
*61
70
4,499
5,117
6,380
7,376
7,858
8,378
9,893"
14,098
14,704
2,567
_15j067
16,660
564r
1,814
1,452
1,449
1,368
1,136
1,213
217
436
659
4,207
460
588
675
6^351
2,428
2,662
1,311
2,300
3,400
50
736
414
49545
foreign service retirement and disability fund, and Airport and Airway
trust fund.
Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment’s presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a*result, the
detail will not add to the Fiscal year 1974 totals.
Less than $500,000.
Revised.
Table FFO-5. - Budget Outlays by Function
00
(In millions of dollars)
Fiscal year 1976'
Function
Dec.
Jan.
Feb.
8,443
-843
4
7,604
8,321
-881
-6
8,604
-1,523
1
8,419
-293
5
42,304
-4,493
8
7,434
8,523
-952
4
7,575
7,082
8,131
37,819
312
-18
498
-26
412
-63
398
-17
_*
2,214
-137
-25
294
472
349
381
2,052
400
418
-*
305
-1
333
1,886
418
304
333
July
Oct.
7,808
-534
-6
8,134
S/,955
-1,497
5
7,462
7,268
8,338
-678
-2
7,659
1,204
-95
-32
1,077
973
-69
-2
902
435
-40
207
-54
249
315
-15
-8
292
360
348
371
-*•
«.*
348
371
Apr.
May
June
7,350r
-873
-2
6,475r
3,403
-647
-3
7,752
8,892
-899
1
7,578
-439
-2
8,780
-639
-6
7,994
7,136
285r
-4
275
-27
281r
567
-229
-18
320
415
-2
413
379
--1
379
360
Comparable
period
Cumulative fiscal
bp date 1/ 1976
Nov.
Sept.
Mar.
-•*
-*
395
152
577
-14
-25
539
403
417
309
-•*
-*
431
-*
403
417
309
_•*
431
_*
400
-1
1,886
40,933
-3,804
3
37,132
j
2,023
-147
-15
1,862
:
1,859
-3
1,857
>
1
■
i—1CM i—1
'
Total..........................
F.Y. 1977
;
Aug.
Feb.
H
National defense
Outlays.................. ......
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
International affairs
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
General science, and technology
Outlays........................
Proprietary receipts from the public....
Total..........................
Natural resources, environment, and
energy
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Agriculture
Outlays........................
Proprietary receipts from the public....
Total..........................
Commerce and transportation
Outlays........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Community and regional development
Outlays................. .......
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..........................
Education, training, employment and social
services
Outlays........................
Proprietary receipts from the public....
t ;<£
1,097
-163
_■*
m
-*
hW
-*
1,230
-300
_*
1,406
-93
*
1,290
-183
-1
1,475
-302
-*
1,142
-85
-*
1,057
1,461
-119
-1
1,342
-125
-1
1,257
-214
-1
1,042
1,086
-190
-1
6,076
-732
-4
5,240
-542
-2
1,341
1,217
895
5,339
4,696
463
68
531
205
-83
122
677
-47
630
728
-221
507
392
191
582
322
28
350
2,325
-42
2,283
« 1,170
-22
659
-7
1,984
-6
2,241
-3
1,730
-4
999
-4
689
-8
-318
-5
_*
5,341
-25
7,961
-31
2,056
651
1,977
2,237
574
-11
-35
520
-64
-6
553
-14
-8
44S
528
450
531
1,259
-1
1,740
-2
1,349
1,474
l,269r
935
984
924
929
1,313
1,106
201
108r
310r
53
-8
-51
-*
44
-51
274
-4
270
-236
55
-181
179
-80
99
132
-2
130
899r
-5r
-Ir
893r
-666
-6
1,615
-5
474
-8
1,244
-7
2,061
-5
-672
1,610
466
1,238
285
-11
-4
270
484
-11
-9
460
-8
-3
464
1,811
-2
1,608
-2
1,173
a
GO
0
sH
1,148
W
641r
-5r
-3r
633r
l,529r
-1
l,528r
1,809
1,606
1,258
1,738
-1
1,34^
-1
1,473
540
-13
-3 1
525
480
-12
-42
425 '
1,726
995
681
-323
5,315
7,929
789
-30
-2
756
520
-14
-1
427
-22
-8
516
-34
-2
2,937
-202
-54
2,269
-53
-58
506
397
480
2.680
1,542)
-1
1,587
1,541
1,585
7,55§
-6
7,526
1,130
1,710
1,564
-1
-1
-1
-1
1,862
1,128
1,709
1,563
1,863
-1
5
1
GO
-1
6,912
1
-6
6,906
Footnotes at end of table.
I
6s
S5
§•
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
Fiscal year 1976
t :q :
F.y. 1977
Comparable
period
Cumulative fiscal
to date 1/1976
Function
Feb.
Health
Outlays...............................
Proprietary receipts from the public......... .
Intrabudgetary transactions................
Total.................................
Income security
Outlays...............................
Proprietary receipts from the public......... .
Intrabudgetary transactions................
Total.................................
Yeterans benefits and services
Outlays............................... I
Proprietary receipts from the public.........
Intrabudgetary transactions................ _
Total.................................
Law enforcement and .justice
Outlays...............................
Proprietary receipts from the public.........
Intrabudgetary transactions................
Total.................. *.............
General goyeynpient
Outlays...............................
Proprietary receipts from the public.........
Intragudgetary transactions................
Total..................,..............
Revenue sharing and general purpose
fiscal assistance
Outlays...............................
Proprietary receipts from the public.........
Intrabudgetary receipts...................
Total.................................
Interest
Outlays...............................
Proprietary receipts from the public.........
Intrabudgetary transactions................
Total.................................
^distributed offsetting receipts............. .
Net Budget outlays.......................
Mar.
Apr.
May
June
July
Aug.
3,055
-2
-251
2,8G2r
3,350
1
-258
3,093
3,186
-1
-239
2,946
2,498
-4
-247
2,247
3,134
2
-185
2,951
3,463
-3
-384
3,077
3,466
1
-394
3,072
ll,881r
-*
-1,210
10,671r
12,189
-*
-900
11,289
11,884
-•*
-1,150
11,989
11,440
10,813
10,734
11,432
-•*
-450
10,982
-1,439
10,550
-451
10,990
l,7l6r
-17
_*
1,708
-48
_*•
1,671
-18
1,589
-34
1,293
-45
_•*
l,698r
1,659
1,652
1,555
295r
-1
218
-*
-
282
-*
282
281
144
5
-11,
138
,
294r
m'
295r
-23
-25
408
-36
-22
246r
349
77r
*r
16
-*
16
_
-
77r'
2,783r
- 4p
-2r
2,777r
-564r.
29,803r,
3,436
-6
-23
3,407
-1,81429,054 .
Sept.
2,943
*
-100
2,843
Nov.
Oct.
3,629
-1
-376
3,251
3,410
-2
-393
3,014
11,327
_•*
-311
11,016
Dec.
Jan.
Feb.
18,777
-6
-2,409
16,677
-37
-2,052
3,064
16,362
14,588
11,896
-819
10,533
12,403
-*
-751
11,652
58,593
-*
-2,603.
55,989
56,701
-1
-3.902
4,936
1
-866
4,071
3,447
1
-383
10,813
10,955
11,615
_■*
-545
11,070
1,432
-65
1,431
-46
-*
1,262
-£>
-•*
1,438
-37
-*
1,737
-37
_■*
1,508
-41
-■*
1,674
-44
_*•
1,649
-43
8,005
-203
-1
8,369
-201
-1
1,248
1,367
1,385.
1,223
1,401
1,699
1,467
1,630
1,606
7,801
8,167
311
-1
310
323
-2
266
-27
258
-*
301
-1
339
1
246
-2
1,566
-4
321
239
303
-2
-1
300
1,447
281
258
300
297
340
IbL.
1,563
1,444
350
-2
-12
336
5,170
-50
-4,762
358
213
-22
-10
181
383
-10
-11
362
362
-39
-11
312
194
-10
-24
160
442
-28
-18
377
-33
-18
108
20
-35
395
326
93
330
-12
-32
285
1,448
-64
-128
1,257
1,382
-46
-78
1,258
96
-*
96
37
-*
-5
32
1,776
-*
1,776 '
111
_*
Ill,
137
-*
137
2,127
-15
590
-*
590
130
-•*
-2
2,062
44
1,605
3,374
-12
-5
3,356
-1,452
32,476
3,256
-25
-11
3,220
-1,449
28,410
3,026
-120
-253
2,652
-1,368
30,567
1,605
-
3,745
-100
-347
3,298
-1,136
33,906
11,131
-*
-175
2,801
44
-14,
1,386.
-74
-57
2,831
-1,213
29,571
1.256..
-217'
30,996(
-
-
2,112
2,755
-26'
-87
2,6421
-436j
34,000
11,352
3,355
-4
-390
2,961
297i
_*
-
_
-177
11,719
-
so
52,798
-3
4,828
-15
-2
3,464
-40
-
127
2,062
44
4,811
3,424
2,879
-80
-361
2,438
-659
6,305
-51
-229
6,025
-4,207
2,738
-58
-297
2,382
—460
2,708
-20
-14
2.674
-588
17,385
-235
-988
16,161
-6.351
16,035
-104
-600
15,331
-6,136
33,083
31,891
32,640
30,880
162,494
154,563
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
%/ Monthly totals may not add to cumulative due to budget reclassifications.
* Less than $500,000.
r Revised.
SO
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS,
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Housing and Urban Development Department
Health, Education, and Welfare Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
Federal
Hospital
Insurance
Trust Fund
Federal
Supple
mentary
Medical
Insurance
Trust Fund
87
590
693
377
-146
1,338
3,642
1,897
1,181
67
227
3,222
-197
77
-345
244
221
222
531
148
-148
14
892
1,064
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975.......... .
1976...........
T.Q............
1977 (Est.).....
1978 (Est.).....
1,584
2,898
3,953
1,274
1,827
2,298
2,217
.2,175
-1,924
-913
-1,738
-2,268
591
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
“1,936
66
1276-Feb........
999
-696
698
1,871
-909
-1,252
1,349
-1,010
-1,794
-170
257
-151
-74
4
-83
97
May........
July........
Aug... ....
Oct........
1977-Jan........
Feb........
Fiscal 1977
to date.......
Government National
Federal Mortgage>Assn.
Housing
Other Adminis Partici
tration pation
Other
Sales
Fund
*
*
*
-1
-
_■*
*
-
*
_
-
_
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
1977 (Est.).....
1978 (Est.).....
1976-Feb........
Mar........
Apr........
May........
Juae.......
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1977-Jan........
Feb........
Fiscal 1977"
to date.......
-646
684
-8
1
-2
59
61
63
67
71
116
40
63
-62
23
50
I84
79
35
-121
8
-128
-93
155
170
152
356
255
36
46
44
18
130
-256
1,026
-667
-32
565
-707
-258
9
3
7
-
-
-*
“
713
*
30
-203
12
-2
-
Veterans
Administration
Treasury National
Department Service
Airport
Highway
and
Other
Life In
Airway
Trust Fund
surance
Trust Func
Fund
-
3
1
-50
-
43
31
-589
878
1,058
593
183
522
403
-37
-720
-19
2,719
-1,028
*
-
-1,125
-
1
1
1
1
1
6
103
-2,797
-
_
1
2
*
2
*
1
3
-2
*
-
122
29
14
20
29
26
30
27
42
*
47
46
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
873
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,182
5,753
Federal
Savings
and Loan
Insurance
Corpora
tion
1,146
938
,488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
300
3,900
Other
*
*
*
-*
-*
-*
7
-1
-
"
-37
16
47
-5
54
-4
-262
-8
224
5
86
83
62
272
178
111
215
25
296
303
■
-
2
5
9
15
8
7
-47
9
10
*
*
-184
-240
-589
-747 ,
-5
1,380
1,201
353
-566
-920
56
40
-
-10
-3
“
2
-5
3
-
-1,125
35
257
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,218
356
_
32
28
14
1
6
5
-8
12
2
-
1
1
*
1
_■*
-254
-152
-72
-380
-349
28
-
-7
-8
-8
-6
-8
-4
1
12
29
2
-24
-19
20
38
-5
56
30
20
-13
-36
-55
-60
98
95
-180
80
73
451
-
470
465
-369
197
-202
299
184
223
261
27
-107
-357
Unemploy
Other ment Trust
Fund
39
_■*
2
3
*
*
38
-10
6
-6
-43
50
127
27
-123
463
-236
-13
316
-393
-291
365
Transportation
Department
Fiscal year
or month
135
165
131
128
109
31
63
200
118
28
151
160
Federal
Insurance
Adminis
tration
Labor Department
-927 .
59
-1,041
Postal
Service
258
313
328
180
438
537
22S
404
470
-128
883
371
265
283
173
196
148
257
378
316
368
135
310
401
1,370
-280
-292
-90
125
599
-151
-920
-
Railroad
Retire
ment
Board
135
59
268
-9
-110
24
-60
-290
-246
-660
50
23
7
-1
-*
“
-1
All
other
Total
-21
-204
237
-145
26
67
110
165
2,030
-1,682
220
236
5,320
8,522
10,062
7,417
8,420
11,821
14,813
7,031
4^341
-3,514
*,346
12,748
-21
-1
-1
-2
34
3
-1
-1
-3
-2
38
1
-3
-176
-97
-261
-284
6,127
197
-29
-25
71
21
82
18
19
-9
22
-140
60
-283
287
-415
174
-139
-180
-116
1,212
281
61
26
35
-78
23
15
2
-1
208
293
4
-32
-168
1
-1
-1
I84
12
13
1
7
5
195
-14
-10
-374
-66
-315
-322
-127
958
-173
-165
-11
16
-133
24
90
-99
98
408
42
80
13
12
111
30
8
-95
389
-202
1,517
-170
245
-300
-155
-293
-38
-329
-192
220
-61
-297
-34
59
■1,719
-20
52
73
-8
69
-5
498
-706
54
4,581
5,905
-1,990
401
-1,925
-1,489
268
2,205
-3,099
310
471
182
31
171
521
257
1,137
-365
181
-1,805
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1978 Budget of the
U.S. Government, released January 17, 1977.
Note: Figures may not add due to rounding.
* Less than $500,000.
A12
Table FFO-7. - Trust Funds Transactions October 1, 1976 through February 28, 1977
(In millions of dollars)
Outlays
Receipts
Classification
Federal Old-Age and Survivors
Insurance.................
Federal Disability Insurance....
Federal Hospital Insurance......
Federal Supplementary Medical
Insurance.................
Federal Employees Retirement....
Federal Employees Life and
Health Benefits.............
Federal Deposit Insurance
Corporation....... ........
Airport and Airway...........
General Revenue Sharing........
Highway..-..................
Military Assistance Advances....
Railroad Retirement...........
Unemployment................
Veterans Life Insurance........
All other trust funds.........
Total....................
Total in
trust
funds
(1)
!i
' 28,154
3,516
5,367
Trust
interfund
and pro
prietary
receipts
1/
(2)
Unified
budget
receipts
Receipts Interfund attrib
of trust trans
funds
actions utable
to trust
2/
funds
Interfund transactions
Propri
Trust
Total in inter- etary
receipts
fund
trust
funds
trans
from the
actions public
1/
(5)
(4)
(3)
(6)
(7)
_
2j
ij
*
-151
151
_
_
_
_
-
87
276
124
117
230
-
87
1,630
1
4
4,023
24
1,680
-530
139
3,393
2,341
-1,970
1,180
4,561
-198
-106
46,986
343
-3,393
311
1,970
-404
-1,535
198
123
-3,915
-151
_
_
-
*
6
4,015
202
226
4,450
-530
226
3,393.
2,616
-1,970
-530
226
3,393
2,616
2,045
1,553
6,307
234
184
62,211
1/
_
_
-151
Source: Based on Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budgets
presents the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Ti*ust interfund transactions are payments
from one fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The -intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
_
_
_
1
|
_
_
_
1
693 .
1
26
54
1,424
_
4,015
202
226
4,456
201
1,198
_
1,191
_
j
2,324
2,640
2,270
*
_
_
25
2,525
3,838
2,525
3,844
1,553
6,307
32
-42
57,755
250
36
3,413
(16)
!
-1,243 1
-1,129
-555 '
-
894
1,224
(15)__
Excess of
receipts
or outlays
(-)
27,302
4,298
5,330
*
2,324
2,640
U
Unified
budget
outlays
attrib
utable
to
trust
funds
2,088
346
592
_
3,218
3,864
481
2,652
775
3,026
16
43,071
(14)
6
*
6
-
(13)
-
3,218
1 3,870
87
276
374
1,747
231
65
10,768
(12)
(11)
1,132
196
380
29,397
4,645
5,922
_
(10)
(9)
345
47
70
26,059
3,169
4,775
569
2,927
1,149
4,773
231
81
53,840
Total
611
103
142
2,088
346
592
*
Other
29,390
4,645
5,922
28,147
3,516
5,367
_
Interest
and pro
fits on
invest
ments in
Federal
securities
8
*
*
7
*
*
569
2,927
4,015
1,149
4,773
433
307
58,296
(8)
Outlays Federal
of trust payments Federal
funds
employer
and con contri
tribu butions
tions
1,653
exclude $122 million in trust fund payments to Federal funds.
For content see columns 7 and 8.
For content see columns 10-13.
Includes net taxes and other receipts, mainly deposits by States and
Federal employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
Less than $500,000.
_
_
-
276
374
1,747
231
65
10,768
530
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Table FFO-8. • Selected Accrual Data Reported by Federal Agencies for Period Ended December 31, 1976
(In thousands of dollars)
Balances as of' December 31, 1976
Transaction data
Quarter ended December 31, 1976
Receivables
Payables
Current fiscal year to date
From the public
Agency
Net
cash
outlays
Legislative Branch..... ...... ...........,
The Judiciaxy .......................... .
Executive Office of the President ...............
Funds Appropriated to the President:
International security assistance......... .
International development assistance ........
Other.................... ...........
Agriculture Department..... ..... .......
Commerce Department •••••••••••.... ..... .
Defense Department-Military.... ........... ,
Defense Department-Civil........... ...... ,
Health, Education, and Welfare Department ........
Housing and Urban Development Department..... .
Interior Department ..... ...... ...........
Justice Department..... .................
Labor Department ................. .......
State Department........ ...............
Transportation Department •'••••............. ,
Treasury Department:
Interest on the public debt.........
Other........ ............... ....... .
Energy Research and Development Administration
Environmental Protection Agency......... .
General Services Aclministration ............ .
National Aeronautics and Space Administration ...
Veterans Administration.................. ,
Other Independent Agencies ............... .
Undistributed offsetting receipts:
Federal employer contributions to retirement funds
Interest on certain Government accounts.... .
Rents and royalties on the Outer Continental
Shelf Lands.......... ............. ..
Elimination of interagency receivables and
payables................. ............
Total .............................
223,550
66,235
16,455
Net
change
in re
ceivables
and payables
Accrued
expend
itures
Net
cash
outlays
Net
change
in re
ceivables
and payables
Accrued
expen
ditures
To the
public
To
other
agencies
Accounts
receivable
Advances
From
other
agencies
(includes
advances)
14,292
-326
-1,901
242,842
65,909
14,554
228,550
66,235
16,455
14,292
-326
-1,901
242,842
65,909
14,554
86,611
33
3,388
45,223
79
3,050
778
4
917
331
1,198
189,274
28
4,077
-902,175 -1,077,833
-11,327
500,515
-421,155
97,447
472,657
4,021,399
12,747
522,693
23,368,823
1,051,923
582,636
-53,238
35,586,609- -7,517,462
857,478
225,321
764,862
-48,439
-117,212
608,003
7,601
5,369,973
254,192
-139
3,477,619
-155,094
-1,980,008
489,188
-323,708
4,494,056
535,440
24,420,746
529,398
28,069,146
1,082,799
716,423
490,792
5,377,573
254,053
3,322,525
-902,175
500,515
97,447
4,021,399
522,693
23,368,823
582,636
35,586,609
857,478
744,862
608,003
5,369,973
254,192
3,477,619
-1,077,833
-11,327
-421,155
472,657
12,747
1,051,923
-53,238
-7,517,462
225,321
-48,439
-117,212
7,601
-139
-155,094
-1,980,008
489,188
-323,708
4,494,056
535,440
24,420,746
529,398
28,069,146
1,082,799
716,423
490,792
5,377,573
254,053
3,322,525
436,197
189,014
44,311
2,596,725
398,004
8,344,215
305,894
13,170,494
932,154
202,301
98,368
965,396
131,991
1,260,830
719,562
16,371
117,871
666,838
112,092
5,179,723
109,556
556,807
423,706
116,780
25,070
249,856
56,960
-98,605
120,031
132,636
13,544
691,327
26,367
422,061
35,331
657,518
100,091
102,774
3,988
686,851
26,701
40,661
1,518,401
530,013
327,820
693,876
45,484
143,465
683
7,806,647
316
72,802
187,222
268,033
13,103
380,405
12,218
7,684
90,417
376,997
76,361
4,210,595
85,542
5,384,694
189,394
109,388
32,616
240,634
123,755
108,314
11,227,671
1,808,636
1,030,887
1,039,290
74,778
1,071,861
4,563,988
6,908,757
1,128,541
233,579
53,924
-625,161
-183,295
-146,292
123,304
-1,366,561
12,356,212
2,042,215
1,084,811
414,130
-108,517
925,569
4,687,293
5,542,196
11,227,671
1,808,636
1,030,887
1,039,290
74,778
1,071,861
4,563,988
6,908,757
1,128,541
233,579
53,924
-625,161
-183,295
-146,292
123,304
-1,366,561
12,356,212
2,042,215
1,084,811
414,130
-108,517
925,569
4,687,293
5,542,196
5,263,092
199,846
1,165,296
50,027
364,531
551,939
1,956,346
2,801,199
315,378
43,255
86,519
631
516,412
98,721
36,100
414,240
-5
994,219
254,813
27,814
28,159
229,502
51,498
879,378
9,671
138,729
32,892
10,001
57,953
314,412
654,444
451,131
251,744
48,002
597,004
98,250
129,529
2,598,361
-951,909
-3,806,552
-8,073
807,690
-959,983
-2,998,863
-951,909
-3,806,552
-8,073
807,690
-959,983
-2,998,863
-544,315
11,346
-532,969
-544,315
11,346
-532,969
1,060,453
1,060,453
1,060,453
1,060,453
97,844,407
-6,530,129
91,314,278
97,844,407
-6,530,129
91,314,278
2,601,025
-4,438
411
-3,108,323
81,782
14,833
39,252
679
432
1,416,049
10,044
3,931
2,640,277
-3,759
844
-1,692,274
91,826
18,764
2,601,025
-4,438
411
-3,108,323
81,782
14,833
39,252
679
432
1,416,049
10,044
3,931
2,640,277
-3,759
844
-1,692,274
91,826
18,764
-414,710
3,013,905
4,484,292
3,013,905
4,069,582
-414,710
3,013,905
4,484,292
3,013,905
4,069,582
wm
236,493
1,151,902
H
a
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o
>
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o
-10,009,405
41,518,203
-16,804,403
5,517,949
13,208,818
491,824
1,203
*
75,903
89,540
2,921
2
9,613
aCOs
Off-Budget Federal Agencies:
Federal Financing Bank ....... ............
Housing and Urban Development............ ,
Labor....................... .......
Postal Service .......... ..............,
Rural Electrification Administration ...... .
Rural Telephone Bank...... .......... .
Elimination of interagency receivables and
payables..... ............... ..... .
Total ............................
624,769
1,539
8,595,363
7,874
7,961
38
-6,223,600
-9,237,505
1,414,429
116,546
2,900
175
6,103,941
661,391
9,615
Source: Bureau of Government Financial Operations.
Note: Figures on accrued expenditures are developed from reports submitted to the Department of the Treasury by Federal agencies. Accrued revenues resulting from the Government's sovereign authority
e.g., income and various employment taxes, and customs collections are not included in this report. Cash outlays and accrued expenditures are offset by revenues of a proprietary nature, e.g., marketoriented revenues or revenues derived from activities operated as business-type enterprises. Figures reported by agencies an receivables and payables may differ to some extent with reports on budget
status (S.F. 133 to 0MB) and budget results (TFS-2108 to Treasury) due to conceptual differences, e.g., deferred charges and advances to consolidated working funds are reported as receivables for this
table and as liquidated obligations for budget reports. For certain agencies submitting flash reports on cash transactions, the net cash outlays shown above may not be totally consistent with
comparable data published in the Monthly Treasury Statement.
* Less than $500.
a
Si
Co
&
April 1977
13
.FEDERAL OBLIGATIONS,
"O bligations” are the b a sis on which the use o f funds
i s con tro lled in the Federal Government.
They are recorded
o f categories which are based upon the nature o f the tran s
action without regard to i t s ultim ate purpose.
A ll payments
a t the p oint a t which the Government makes a firm commitment
for sa la r ie s and wages, fo r example, are reported as per
to acquire goods or serv ices and are the f i r s t o f the four
sonnel compensation, whether the personal se r v ic e s are used
key events—order, d eliv e ry , payment,
in current operations or in the con stru ction o f c a p ita l item s.
consumption—which
ch aracterize the a cq u isitio n and use o f resou rces.
In gen
e r a l, they c o n sist o f orders p laced, con tracts awarded, ser
Federal agencies and firms often do b usiness with, one
v ic e s received , and sim ilar tran saction s requiring the d is
andther; in doing so , the "buying” agency records o b lig a tio n s ,
bursement o f money.
and the "performing” agency records reimbursements.
In Table
FO-1, obligations that axe incurred w ithin the Government are
The o b lig a tio n a l stage o f Government tra n sa ctio n s i s a
s tr a te g ic p oint in gauging the impact o f the Government's
distinguished from those incurred ou tside the Government.
Tables FO-2, 3> and
b show only
those incurred o u tsid e.
operations on the n ation al economy, sin ce i t frequ en tly rep
resen ts for business firms the Government commitment which
stim ulates b usiness investm ent, including inventory purchases
and employment o f labor.
Disbursements may not occur for
months a fte r the Government p laces i t s order but the order
i t s e l f u su ally causes immediate pressure on the
p rivate
economy.
O bligations are c la s s if ie d according to a uniform s e t
Obligation data for the adm inistrative budget fund ac
counts were f i r s t published in the September 1967 Treasury
B u lletin and the tru st fund accounts were f i r s t published in
the October 1967 B u lle tin .
Beginning w ith the A pril 1968
B u lle tin , the data are on the b a sis o f the budget concepts
adopted pursuant to the recommendations o f the P resid en t's
Commission on Budget Concepts.
The October 1976 through February 1977 obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
14
Treasury Bulletin
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, September 30, 1976
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation.....
Personnel benefits........
Benefits for former personnel.
Within
Total
12,975
930
2,951
12,975
2,115
2,951
Coalyac,-fasti services aqd supplies
Travel and transportation of persons.
Transportation of things.........
Kent, communications, and utilities..
Printing and reproduction........
Other services.................
Supplies and materials...........
450
475
691
99
9,707
7,051
183
603
731
173
3,928
3,137
Acquisition of capital assets
Equipment..............
Lands and structures.....
Investments and loans....
4,035
1,282
4,165
1,296
(francs ffld fix^d charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends...........
Refunds......................
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
5,331
1,375
4,191
12
52,423
47,553
17,895
58
2,215
361
Gross obligations incurred 1/.
1,422
272
13,635
10,188
92
26
52,411
47,494
15,680
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
632
1,078
361
392
1,158
45
704
289
1,096
162,355
14,635
176,990
1,447
46
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)......
Deduct:
Advances, reimbursements, other income,,etc.
Offsetting receipts.......... ........
Net obligations incurred.
* Less than $500,000.
176,990
-21,927
-12,207
142,856
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, September 30, 1976
____________ (In millions of dollars)_____________
Major object class
Major function
Personal
services
and
benefits
Contractual
services and
supplies
National defense..................
International affairs..............
General science, space, and technology..
Natural resources, environment, and
energy........................
Agriculture......................
Commerce and transportation.........
Community and regional development....
Education, manpower, and social services
Health..........................
Income security...................
Veterans benefits and services.......
Law enforcement and justice.........
General government................
General revenue sharing............
Interest........................
10,967
108
211
11,897
271
780
1,688
184
813
138
191
360
1,231
829
382
662
*
450
471
136
265
904
429
292
139
667
*
-
9
Total..........................
16,807
18,141
*
Less than $500,000.
855
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
*
3,556
9
30
562
3
21
719
*
114
10
155
4
16
18
433
23
182
11
5
7
*
Grants
and
fixed
charges
Other
Total
27,960
1,718
248
884
272
-
8
1,182
1
4,206
24
4
7
681
781
1,356
2
24
435
36
-
310
1,847
16,673
8,827
14,568
48,925
4,932
218
187
-2
438
-21
1
-1
22
1
47
1,656
4,686
18,297
9,308
15,880
51,035
6,182
770
1,608
-
-
15
108
2,347
15,204
4,035
1,282
4,165
121,908
14
47
25
37
*
95
337
_
1,365
-
2,363
15,322
1,546
162,355
Table PM . - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, September 30, 1976
3.
(In millions of dollars)
Personnel services & benefits
Classification
Legislative Branch 2/..........
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
Internationaldevelopmentassistance
Agriculture Department:
Commodity Credit Corporation....
Other...................
Civil...................
Health, Education, and Welfare
Department...............
Housing and Urban Development
Department:
Government National Mortgage
55
9
_
_
*
*
l
26
10
-3
*
*
*
1
517
139
_
*
-
2,928
2,737
2,10ft
286
3
8,058
163
1
Sup
plies
and
mate
rials
2
11
*
1
Grants,
subsidies
and con
tributions
Other
Total
gross
Undistrib Obliga Unobliga
uted U.S. tions invouch- tions
obliga curred ered incurred
tions
abroad
*
_
_
1
153
_
_
1
_
_
_
_
11
Insurance Interest
claims
and
and indemdividendsRefunds
nities
6
*
1
_
_
*
_
_
_
-
2
140
*
16
3
1
_
*
«
_
719
*
1
90
129
_
*
_
_
_
17
352
172
9
*
21
18
_
33
*
_
1,830
15
9,832
262
_
3
*
738 1,008
581
2,482 1,472 1,403
1,175 1,045 1,441
501 1,205
51
*
*
5
4,901 4,730 3,476
150
67
103
109
429
#
3
3
*
*
ii
17
3
1
8
25
*
6
1
72
*
*
2
2
1
16
*
*
1
t
*
*
*
3
67
14
_
*
1
*
34
7
*
14
1
*
24
9
_
2
3
*
81
41
344
266
290
900
4
1
*
1,946
1,951
131
77
28
6
*
242
149
134
52
115
*
450
101
52
47
23
*
223
1
-3
3
1
*
_
*
6
1
4
*
4
24
2
460
66
30
7
2
Grants and fixed charges
140
31
17
_
_
6
-15
1
181
14
_
_
-
42
1,251
155
_
268
-
_
220
*
_
-22
-
_
6
.*
_
23
353
13,034
529
_
_
9
_
9
*
-1
-1
-2
339
*
435
88
862
_
22
22
6,481
8,714
6,740
wg
26,323
37
1
*
*
9
10
1
*
-*
*
_
_
_
621
26
13,295
1,180
10
-
-1
-
-
15,7H
_
_
_
*
256
578
7
7
18
77
317
328
77
51
458
*
17
*
*
*
857
*
33
4
18
22
5
*
17
.
*
4
4
*
*
7
9
18
21
8
*
42
1
1
1
*
*
*
*
167
241
46
50
1
131
_
l
49
25
1
*
50
1
34
18
3
*
131
157
147
2
*
12
1,093
11
*
16,208
326
218
4,177
223
760
32
36
_
9,583
12
»*
7
17
3
*
11
_*
*
-
•1
142
1
49
-
*
-
7
17,777
1,206
686
14,763
337
1,801
502
63
50
138
4
-
22
3
4
1
_
-6
-75
*
9
_
-
40
1,283
105
191
_
_
14
1
2
232
_
34
65
,11
8
_
_
14
135
2
6
_
_
2,024
1,782
3
783
6
32,091
*
*
*
6,239
8,954
_
_
*
275
-
-57
148
2
145
_
11
1
_*
*
_
_
_
95
-
-
*
-
_
7
_
*
*
*
*
-
-
-
-
6,239
8,954
2,024
34,869
1,628
958
753
145
813
-
*
5
16
2
2
14
24
1
_
-
697
92
27
141
26
46
21
24
144
*
810
*
2,260
_
.
_
22
-
938
4,405
21
136
244
_
*
15
82
856
*
987
8
*
60
11
32
2
220
12
20
1,442
1
2,257
*
83
22
-
-
101
*
6
15
_
-
*
36
3
_
-2
2
2
17
-*
Tennessee Valley Authority.....
Other...................
104
6
_
21
-
258
1,445
5,123
Total.................
12,975
930
,2^51
450
475
691
99
1,282 4,165
52,411
47,494
15,680
361
392
1,158
45
162,355
2
2,414
_
*
13
*
7
230
*
115
*
10
Other............ .....
State Department.............
Transportation Department.......
Treasury Department:
Interest on the public debt....
Interest on refunds, etc......
General revenue sharing.......
Energy ResearchandDevelopment Admin.
Environmental Protection Agency...
General Services Administration...
National Aeronautics and Space
Other independent agencies:
-
1
9.707 7.051 4,035
_
-
_
_
_
_
47
_
_
9
-
11
Off-budget Federal agencies £/
48
347
-
-
21
7
43
5
-
_*
-
-
-
412
2,942
-
-
-
27$
-
-
-
-
-
-
-
276
*
*
-
-
-
1
-
-
-
-
-
3
*
51
*
*
_
_
Pension Benefit Guarantee
_
*
*
Corporation..............
*
2
*
Total Off-budget Federal
*
230
10
2,418
13
agencies..............
115
15
7
Source: Reports on Obligations, Standard Forms 225, from agencies.
Note: Agency shifts are shoun in this table beginning with the periods of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes of this report this object class is considered as totally within the Federal Government asxeept
Rural ElectrificationAdministration
-
*
28
*
15
-
-
-
_*
28
48
48
3,633
623
29
for the Department of Defense and Transportation Department, U.S. Coast Guard.
2/ Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
2/ Export-Import Bank since August 17, 1971, rural electrification and telephone revolving fund and Rural Tel
ephone Bank since Nay 12, 1973, and Postal Service since July 1, 1973.
* Less than $500,000.
FEDERAL OBUGATIONS.
Defense Department:
Military:
Department of the Army......
Department of the Navy......
Department of the Air Force...
Defense agencies..........
Civil defense............
Contractual services and supplies
Benefits Traveland
Rent, com Printing
Personnel Personnel for
trans Transpor munications, and
Other
compen benefits former portation tation of and
repro ser
sation i/
personnel ofpersons things utilities duction vices
.Acquisition of
capital assets
Lands Invest
Equip and ments
ment struc and
tures loans
51
V*
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
os
_____________________________ (In millions of dollars)
Fiscal year 1976
T.Q.
Object class
National defense:
Personal services and benefits:
Personnel compensation..........
Personnel benefits.............
Benefits for former personnel....
Contractual services and supplies:
Travel and transportation of persons
Transportation of things........
Rent, communications, and utilities.
Printing and reproduction........
Other services................
Supplies and materials..........
Acquisition of capital assets:
Equipment....................
Lands and structures...........
Investments and loans...........
Grants and fixed charges:
Grants, subsidies, and contributions
Insurance claims and indemnities....
Interest and dividends..........
Refunds.....................
Other:
Undistributed U.S. obligations....
Obligations incurred abroad......
Unvouchered..................
Total national defense..........
Non-defense:
Personal services and benefits:
Personnel compensation..........
Personnel benefits.............
Benefits for former personnel....
Contractual services and supplies:
Travel and transportation of persons
Transportation of things........
Rent, communications, and utilities.
Minting and reproduction .......
Other services................. .
Supplies and materials..........
Acquisition of capital assets:
Equipment....................
Lands and structures........... .
Investment and loans........... .
Grants and fixed charges:
Grants, subsidies and contributions.,
Insurance claims and indemnities
Interest and dividends.......... .
Refunds..................... .
Other:
Undistributed U.S. obligations.....
Obligations incurred abroad.......
Unvouchered.................. .
Total non-defense..............
Grand total...................
Less than $500,000.
r Revised.
Mar.
Apr.
Sept.
Oct.
Nov.
Bee.
Jan.
Feb.
2,329
27
681
2,463
192
-86
2,094
2,104
194
602
2,673
763
1,200
2,204
254
604
-16
1
2
-1
897
958
130
273
158
6
1,690
2,055
49
148
115
6
1,397
1,271
134
7
2,423
1,427
163
10
1,711
1,540
925
172
1,170
119
1,206
150
1,586
361
1,171
191
842
3
-80
7
4
-128
20
4
2
134
-4
5
10
11
9
20
21
6
4
5
54^
7
6,341
1
551
9
10,244
385
7
7,949
1
476
7
10,006
1,682
-32
72
85
111
7
1,382
1,386
56
132
212
91
196
281
115
7
2,108
1,247
17
1,694
2,087
1,021
233
1,199
828
112
16
3
10
12
12
-3
-13
89
1
17
28
3
4
8
449
-3
569
603
2,806
265
2,392
189
565
73
81
120
138
18
294
118
9
1,035
1,270
2,355
235
910
m
Comparable I
Cumulative period
to date
FY 1976
June
July
4,559
816
434
2,613
303
648
2,373
274
647
3,127
324
658
8,114
900
1,953
7,590
600
1,826
-14
165
83
120
156
34
164
79
-4
2,437
1,933
1,234
322
244
375
371
3
6,170
4,733
3,556
562
282
453
435
23
6,308
5,028
3,912
490
9
1*3
7
21
26
13
34
3
9
-1
863
1,547
10,226
27,960
28,583
4,468
19
1,992
Aug.
Sept.
2,343
1,919
id
126
91
137
2
1,502
1,383
2,211
722
1,310
140
1,012
100
5
3
-3
-7
5
-5
5
7
5
12
12
68
4
9
2
613
9
9,441
-6
642
1 7
7,538
-2,203
9
11,250
4
627
7
9,696
358
8
8,038
1,551
13
228
1,521
4
1,483
1
-1,344
1,634
6
3,550
1,586
7
181
1,593
2
767
1,683
50
4,862
30
998
64
44
118
42
1,353
441
69
43
46
59
33
121
29
609
315
108
116
13
1,744
1,543
79
24
153
48
1,436
442
266
343
1,474
206
100
320
96
3,537
2,318
479
721
4,165
187
91
292
60
2,892
889
277
586
4,684
10
203
22
37
10
7,812
8,237
-3
502
8
9,270
2,032
7
829
964
9
249
1,754
15
1,246
1,260
19
-800
1,393
19
372
89
32
62
%
68
33
183
51
6
128
43
-16
110
82
100
1,638
995
483
877
144
1,315
422
29
954
417
65
33
128
35
703
350
id
42
972
559
110
121
^9
358
178
2,019
97
440
843
904
6
817
-37
106
1,470
76
260
1,073
469
672
4,111
78
264
1,351
136
114r
1,340
6,488
11,327
2,827
296
4,002
13,357
2,556
135
4,502
23,217
2,728
12,589
12,145
2,621
111
110
5,911
10,767
2,460
102
16,787
1,037
2,369
109
20,205
11,626
3,069
116
16,179r 16,006
12,106 23,725
2,361 10,240
84
135
52,390
Jfr7,457
15,670
335
23,051
27,434
6,840
285
-86
50
-308
27
322
595
59
-1,332
263,
9
20,838
623
25
-1
35,005
46,~255~~
13
71
8
41,183
5a,879
277
46
8
36,798
44,836
104
\178
393
295
23
134,395
162,355
97
-57
25
21
11
1,343
293
9
633
210
-88
-2
94
304
794
164
1,144
373
192
704
11,448
23,127
2,403
107
4,592
9,196
2,415
107
5,871
9,300
2,586
102
17,902
8,625
2,408
-29
-108
58
6
-87
57
8
19,745
27,982
385
249
-2,705
71
42,931
50,743
11
10
10
25,774
35,044
28,782
35,123
27,003
37,246
21
24,429
'W
■5271
75
7
130
12
33,390
35,793
il'
"45,799- ■42,8’
62
-7
100
W fyrl
-5
-122
22
21
56,414
66,640
21
74,113
102,696
I
t33
&
17
April 1977
_________________ ACCOUNT OF THE U.S. TREASURY___________________
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit ‘in these accounts
'Treasury’s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accounts with thousands of commercial banks throughout
leave funds in banks and in the communities in which they arise
the country.
until such time as the Treasury needs the funds for itSs opera
Deposits to tax and loan accounts occur in the normal
course of business under a uniform procedure applicable to all
tions.
In this way the Treasury is able to neutralize the
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government,securities.
economy*
A detailed description of the Treasury’s depositary system
In most cases the transaction involves merely the transfer of
money from a customer’s account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars)
End of
fiscal year
or month
Treasury operating balance 1/
Avslilable funds in
denland accounts at:
Special
Total
Federal depositaries, Other
3/
Reserve Treasury tax deposi
taries 2/
and loan
banks
accounts
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,975
13,299
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
4,H9
1975-Mar........
1975-Dec........
1976-Mar........
Apr........
4,271
7,286
7,145
9,808
6,746
11,975
8,741
10,794
13,299
10,239
6,766
10,393
11,397
12,179
7,149
2,142
1,159
864
1,723
1,407
2,854
1,314
907
4,119
1,799
1,891
1,277
1,292
2,420
1,874
June.......
July.......
Aug........
Oct........
Nov........
De8........
1977-Jan........
Feb........
lifer........
_
-
139
106
88
343
7
220
7
7
7
7
7
-
_
-
Funds in process
of collection
through:
Federal
Reserve
banks
Other
deposi
taries ij
-
Time deposits
and other
interestbearing
demand
accounts
5,298
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
352
393
355
419
252
243
276
369
235
184
179
117
135
76
55
-18
190
158
218
187
54
41
19
35
70
195
6,633
8,452
8)016
11,537
8,159
14,836
10,054
11,702
17,418
12,038
8,657
11,670
12,688
14,599
9,023
161
162
147
450
163
235
135
118
184
168
218
70
214
211
205
97
52
56
152
56
55
-8
-14
-18
-18
-36
-34
-18
-15
-97
184
9
-296
-298
40
70
74
79
90
93
92
90
89
103
126
-
Other
demand
accounts
5/
_
-
-
_
_
_
127
127
105 y
1,188 y
227
727
1,227
227
225
Coin
currency
and coinage
metal
Miscel
laneous
items
Gold
balance
2/
768
553
277
441
471
586
602
752
819
818
86
104
121
108
129
70
54
46
50
-
111
112
111
109
107
107
106
_
_
-
717
868
878
879
852
819
787
741
818
767
784
760
796
808
746
75
49
33
83
46
50
-3
-2
*
*
1
4
4
4
1
_
_
_
_
_
_
_
_
—
Balance in
account of
the U.S.
Treasury
6,694
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
7,867
9,591
8,834
12,803
9,316
16,065
11,167
12,751
18,597
14,237
9,944
13,288
15,002
15,937
10,229
1
Source: Bureau of Government Financial Operations.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have been
converted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2/ Will not agree with Daily Treasury Statement due to rounding.
u Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected, Data prior to January 1972 included in
"miscellaneous items” column.
5/ Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ Includes monetary assets in transit between Federal Reserve banks and
other depositaries.
2/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
* Less than $500,000.
Treasury Bulletin
18
.ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
Balance
Credits
Proceeds froni sales of securities 1/
Fiscal year
or month
196
196
197
197
197
197
197
197
197
8
9
0
1
2
3
4
5
6
T . Q .......
1974-Dec.
1975-Mar.
1976-Mar.
Apr.
May.
June
July,
Aug..
Sept.
Oct..
Nov..
Dec..
1977-Jan..
Feb..
Mar..
Savings
bonds
and
savings
notes 2/
2,673
2,599
2,573
2,844
3,309
3,261
3,095
3,366
3.676
910
247
299
361
349
336
299
315
318
277
280
283
309
355
341
369
Retire
ment
plan and
tax and
loss
bonds 2/
Tax
antici
pation
securities
Other
9,538
10,408
13,043
6,954
6,443
4,413
8,255
1,514
9,576
5,417
3,640
12,421
9,369
6,158
817
1,383
39 6,
Taxes
Withheld,
excise
and cor
poration y
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
20,857
21,526
22,239
22,202
17,860
26,543
17,613
18,474»
22,370
17,032
17,730
24,300
18,583
18,532
26,722
Source: Office of Fiscal Assistant Secretary; figures are on basis of'
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
ta± and loss bonds first issued in March 1968.
Taxes eligible for credit consist of those deposited by taxpayers in
Income (by
special
arrange
ment) 5/
During period
Total
credits
With
drawals
End of
period
High
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
'8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4.456
21,143
21,825
22,600
22,551
18,196
26,842
17,928
18,792
22,647
17,312
18,013
24,609
18,938
18,873
27,091
19,957
20,095
23,410
21,696
18,518
25,387
19,472
19,190
19,443
19,625
17,932
25,218
2,749
2,140
868
1,723
1,401
2,856
3,851
3,735
3,233
2,690
2,789
4,260
1,312
914
4,11.8
1,805
1,886
1,277
18,924
17,740
27,637
1,291
2,424
1,878
2,519
2,912
4.456
2,319
2,627
4,229
2,891
3,023
5,860
Average
1,029
709
894
846
1,737
800
520 '
7
67
287
371
64
457
232
693
351
290
287
300
335
305
371
300
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
2,097
1,392
1,410
1,058
1,501
1,793
1,200
1,469
2,066
1*519
1^34
1,519
1,402
1,406
1,475
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal Insur
ance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; all corporation income taxes due on or after March 15, 1968
and FUTA taxes beginning April 1970.
5/ Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This proce
dure was discontinued in April 1967.
6/ Credits erroneously allowed in one Federal Reserve district.
19
April 1977
ACCOUNT OF THE US. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1967...........................
1968...........................
1969...........................
1970...........................
1971...........................
1972...........................
1973...........................
1974...........................
1975...........................
1976-lyfer.................. .
Apr.......................
May.......................
June......................
July......................
Sept......................
Oct.......................
Nov.......................
Dec.......................
1977-Jan.......................
Feb.......................
Mar.......................
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,703,190.0
274,699,560.6
274,697,206.6
274,695,995.8
11,982
10,367
10,367
10,732
10,132
10,410 2/
11,567 2/
11,652
11,599
11,599
11,598
11,598
11,598
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,599
11,598
11,598
11,598
274,695,995.7
274,696,062.3
274,685,167.8
274,685,167.8
274,679,167.8r
274,679,167.8
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598
11,598 '
11,598
276,112,683.9
275,932,372.6
275,600,972.4
11,658
11,650
11,636
11,658
11,650
11,636
Source: Daily Treasury Statement through June 1974;1Bureau of Government
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabilization Fund (ESF). See "International Financial! Statistics," Table
IFS-1.
|
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
Balance of gold in
U.S. Treasury account
Dollars
2/
r
112
111
112
109
113
107
107
_
-
_
-
_
-
-
_
_
-
1968, and gold reserve against U.S. notes until March IS,” 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued at $38 per fine troy ounce un
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par ,Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million,
Revised.
20
Treasury Bulletin
________ MONETARY STATISTICS______
Table MS-1. - Currency and Coin in Circulation
fin millions of dollars except per capita figures)
End of
fiscal year
or month
Currencies no longer issued
Federal
Reserve
bank
notes
National
bank
notes
1968...:....................
1969.......................
1970.......................
1971.......................
1972.......................
1973.......................
1974.......................
1975...............’........
1976.......................
59
57
55
54
53
52
51
50
50
49
21
20
20
20
20
20
20
20
20
20
1975-Mar....................
1975-Dec....................
50
50
1976-Feb....................
Mar....................
Apr....................
May....................
June...................
50
50
50
50
50
Aug....................
Sept...................
Oct....................
Nov................... .
Dec....................
1977-Jan....................
Feb....................
49
49
49
49
49
49
49
49
Gold
certifi
cates 2/
_
_
_
Silver
certifi
cates
Currencies presently
being issued 1/
Federal
Reserve
notes y
Treasury
notes of
1890
United
States
notes
Federal
Peserve
notes y
Total
currencies
4
4
4
4
4
3
3
3
3
225
223
220
218
215
213
212
211
210
209
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
299
294
297
321
320
320
321
322
322
322
41,722
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
42,331
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
20
20
3
3
211
210
1
1
*
*
322
322
69,115
76,981
69,722
77,588
20
20
20
20
20
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
3
3
3
3
210
210
210
210
210
1
1
1
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
*
*
*
322
322
322
322
322
322
322
322
322
322
320
320
319
74,265
75,854
76,758
77,882
79,028
74,871
76,459
77,364
78,487
79,634
79,673
80,175
80,201
80,916
83,557
84,234
81,695
82,213
209
209
209
209
209
209
209
209
79,069
79,571
79,597
80,313
82,954
83,631
81,093
81,612
Coin
End of
fiscal year
or month
Dollars
Fractional
coin
Total
I
Total Currency
and Coin in
circulation 3/
Currency and Coin in
circulation
per capita
(in dollars) 6/
482
482
482
482
633
705
765
816
9a
951
4,827
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
5,309
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
47,640
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
224.55
250.65
265.39
282.03
297.84
322.11
348.44
380.06
413.17
415.37
1975-Mar....................
1975-Dec....................
804
904
7,535
8,056
8,339
8,960
78,061
86,547
366^26
403.60
1976-Feb.....................
Mar.....................
Apr.....................
May.....................
June....................
July....................
Aug.....................
Sept....................
Oct.....................
Nov...... .............. .
Dec.....................
918
923
930
935
941
944
948
951
955
959
966
8,041
' ?A14
8,187
8,235
8,303
8,331
8,372
8,397
8,422
8,487
8,518
8,960
9,038
9,118
9,170
9,244
9,275
9,320
9,348
9,377
9,446
9,483
83,831
85,498
86,481
87,657
88,877
88,948
89,494
89,548
90,293
93,003
93,717 2/
390.56r
397.94
402.30
404.72
413.17
413.19
415.40
415.34
418.52
430.83
433.$7r
L977-Jan.....................
Feb.....................
970
972
8,500
8,512
9,470
9.484
91,164
91,697
421.82r
424.07
1971.......................
Source: Statement of United States Currency and Coin.
1/ Excludes gold certificates, Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
y Issued on and after July 1, 1929.
5/ Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
7/ Highest amount to date.
* Less than $500,000.
r Revised.
21
April 1977
________ FEDERAL DEBT_________
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Total 1/
Securities held by:
Public
debt
securi
ties 1/
Agency
securi
ties
1968....;...........
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
'r Q
369,769
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,285
645,748
345,369
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
1975-Mar...........
1975-Dec...........
1976-Feb...........
Mar...........
520*687
587,584
604,79lr
611,391
612,843
6a, 533
631,285
635,260
644,394
645,748
*>49,276
656,282
664,794
664,852 ,
674,280
509,659
576,649
593,871
600,490
601,973
610,672
620,432
624,546
633,328
634,701
637,603
644,639
653,543
653,907
663,348
11,028
10.935
10,920r
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
May...........
June..........
July..........
Aug...........
Sept...........
Nov...........
Dec...........
1977-Jan...........
Feb............
Government accounts
Agency
securi
ties
Agency
securi
ties
79,140
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
76,138
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
3,001
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
1,947
290,629
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,719
497,696
269,231
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
2i,3W
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,898
9,100
140,403
141,300
141,733
141,026
141,080
145,660
151,566
149,576
149,977
148,052
146,563
146,831
149,037
145,937
146,2f7
138,458
139,343
139,776
139,067
139,122
143,704
149,611
147,626
148,028
146,105
144,617
144,891
147,098
144,131
144,437
1,944
1,956
1,957
1,959
1,958
1,956
1,955
1,950
1,949
1,947
1,946
1,940
1,938
1,806
1,810
380*284
446,284
463,05§r
470,365
471,763
475,872
479,719
485,683
494,417
497,696
502,713
509,451
515,757
518,914
528,033
371,201
437,305
454,095
461,423
462,851
466,968
470,821
476,920
485,300
488,596
492,986
499,748
506,445
509,775
518,911
9,083
8,979
8,964
Total '
'
The public 2/
Public
debt
securi
ties
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
Total
Public
debt
securi
ties
ft
QAP
8 912
8,904
8,898
8,764
9*117
9,100
9)726
9,703
9,312
9,139
9,122
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
_ Revised
Table FD-2. - Computed Interest Charge and Computed Interest Hate on Interest-Bearing Public Debt
End of
fiscal year
or month
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
1&>S...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
1j ...............
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
13,4^4
*7,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
Total
interestbearing
public
debt 1/
4.499
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
1975-Mar...........
1975-Dec..........
1976-fcfer..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
508,581
575,657
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
32,541
37,336
38,081
38,081
38,601
39,494
39,828
40,578
40,683
40,730
41,212
40,845
40,687
41,201
41,829
6.459
6.551
6.415
6.382
6.407
6.436
6.445
6.474
6.478
6.469
6.457
6.312
6.281
6.269
6.308
Dec..........
Feb..........
Mar..........
(Dollar amounts in millions)
Computed annual interest rate
Marketable issues
Bills
Certifi- 1 Notes
Federal
Total
cates
Ereasury 2/ Financing
Treasury
bonds
Nnrvrnfl'Hrfi+.fl'hle
Government
account
Other y
series 5 /
4.757
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
5.711
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
-
-
5.294
5.668
6.420
6.519
6.312
6.412
6.529
7.058
7.352
7.356
3.681
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
3.8^6
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
4.133
555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.757
6.776
6.568
6.518
6.551
6.559
6.555
6.589
6.591
6.572
6.532
6.418
6.374
6.338
6.322
7.052
.6.54#
5.935
5.792
5.796
5.819
5.770
5.754
5.784
5.724
5.629
5.387
5.276
5.211
5.167
_
-
-
6.960
7.270
7.323
7.324
7.377
7.352
7.350
7.387
7.356
7.359
7.326
7.279
7.265
7.211
7.196
5.083
5.533
5.586
5.591
5.649
5.654
5.677
5.799
5.811
5.814
5.867
5.872
5.877
5.930
5.935
5.368
5.412
5.126
5.432
5.444
5.452
5.472
5.459
5.487
5.554
5.679
5.551
5.548
5.552
5.581
6.560
6.770
6.708
6.702
6.700
6.789
6.841
6.880
6.871
6.858
6.832
6.565
6.564
6.618
6.856
Source: Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
end of each month* or year should remain outstanding for a year at the
applicable annual rate of interest. The charge is computed for each
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge.The average annual rate is computed
by dividing the computed annual interest charge for the toxa.1, or lor
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
the rate of effective yield for issues sold at premium or discount.
Prior to that date it was based on the coupon rate for all issues.
1/ As of July 1974, includes Federal FinancingBank.
g/ Excludes Federal Financing Bank.
jl/ ’Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
ij On United States savings bonds the rate to maturity is applied
against the amount outstanding.
j>/ As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre*
viously shown as special issues.
Treasury Bulletin
22
FEDERAL DEBT
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
End of
fiscal year
or month
Total
interestbearing
public
debt
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q............
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
1975-Mar.
1975-Dec.
1976-Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.,
Nov.,
Dec.,
1977-Jan.,
Feb.,
Mar.,
508,581
575,657
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,980
662,320
668,216
Total
W
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
299,989
363,191
385,296
386,444
388,021
392,581
397,719
404,314
407,663
408,590
415,399
421,276
423,995
431,607
435,379
Nonmarketable
Certifi Treasury Treasury
cates
notes
bonds
Total
U.S.
savings
bonds
&4,44iJ
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161.505
71,073
78,946
93,489
104,807
113,419
117,840
128,419
150,257
191,758
206,319
91,079
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
117,808
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
51,W
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
2,516
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
30
28
25
23
22
19
16
16
9
9
123,972
157,483
163,140
161,764
161,840
161,198
161,399
161,433
161.505
161,545
161,711
163,992
164,005
164,175
164,264
141,915
167,077
183,143
185,757
186,473
191,758
197,204
202,979
206,319
207,275
212,986
216,669
219,474
225,856
229,625
34,103
38,631
39,014
38,922
39,708
39,626
39,115
39,902
39,839
39,769
40,702
40,615
40,516
41,576
41,490
208,592
212,466
213,928
214,484
220,056
226,673
225,861
227,977
225,897
226,472
228,243
231,181
228,985
230,714
232,837
64,371
67,464
68,567
68,968
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
2,268
2,265
2,264
2,263
2,263
2,263
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,262
2,248
17
*
10
9
9
9
9
9
9
9
9
8
8
8
9
Bills
1/
Source: Monthly Statement of the Public Debt of the United States.
1/ As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962- April 1967; and
Invest
ment
series
Depos
itary
series
Foreign government
series
Govern
ment
Foreign
Other
Dollar
currency account
series
denomi denomi
u
nated 2/ nated 2/
2,001
1,740
59,526~
282
1,703
2,367
66,790
564
1,366
3,389
1,656
76,323
7,606
1,664
82,784
3,389
2,072
89,598
16,913
1,322
26,781
101,738
1,743
1,407
23,412
1,599
115,442
2,002
21,617
1,599
124,173
1,361
19,901
1,599
130,557
2,611
1,599
19,215
128,640
3,419
22,370
19,966
20,070
20,013
19,916
19,901
19,758
19,368
19,215
20,691
20,908
20,753
20,689
2Q,575
20,617
116,812
119,385
119,438
119,453
124,570
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
127,770
128,192
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
1,155
1,787
1,980
2,177
2,305
2,611
2,893
3,069
3,419
3,635
4,573
5,014
5,461
5,965
7,272
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
4/ As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
* Less than $500,000.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
End of
fiscal year
or month
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
1974-Dec............
1975-Mar............
1976-Feb............
Apr............
May............
June...........
July...........
Aug............
Sept...........
Nov.... ........
1977-Jan............
Feb............
Amount
outstanding
privately
held
Maturity classes
Within
1 year
159,671
156,008
157,910
161,863
165,978
167,869
164,862
210,382
279,782
294,595
181,000
197,731
66,746
69,311
76,443
74,803
79,509
84,041
87,150
115,677
150,296
153,302
100,298
108,508
270,625
276,434
275,520
278,929
279,782
151,875
154,258
153,441
153,464
150,294
156,595
*153,304
153,302
155,179
158,422
157,453
162,633
165,942
289,044
293,627
294,595
296,211
307,309
307,820
313,497
319,982
1-5
years
52,295
50,182
57,035
58,557
57,157
54,139
50,103
65,852*
90,578
94,845
54,206
61,203
82,484
86,214
86,198
86,242
90,578
91,042
93,396
94,845
91,795
101,684
103,742
101,626
106,685
Source: Office of Government Financing in the Office of the Secretary.
1/ Beginning with the September 1976 Treasury Bulletin the average length
5-10
years
10 - 20
years
20 years
and over
21,850
18,078
8,286
14,503
16,033
16,385
14,197
15,385
24,169
31,247
6,110
6,097
7,876
6,357
6,358
8,741
9,930
8,857
8,087
7,939
12,670
12,337
8,272
7,645
6,922
4,564
3,481
4,611
6,652
7,262
13,512
14,772
8,709
9,168
4,274
4,079
21,707
21,538
21,597
24,336
24,169
26,694
31,523
31,247
33,922
31,349
31,017
33,688
31,204
8,41.7
8,350
8,242
8,172
8,087
8,059
7,986
7,939
7,897
7,511
7,399
7,342
7,291
6,142
6,074
6,042
6,716
6,654
6,654
7,418
, 7,262
7,419
8,345
8,209
8,208
8,860
Average length 1/
4 yrs. 5 mos.
4 yrs. 2 mos.
3 yrs. 8 mos.
3 yrs. 6 mos.
3 yrs. 3 mos.
3 yrs. 1 mo.
2 yrs. 11 mos.
2 yrs. 8 mos.
2 yrs. 7 mos.
2yrs.
9 mos.
2 yrs.
2 yrs.
9 mos.
8 mos.
2 yrs. 6 mos.
2 yrs. 5 mos.
2 yrs. 5 mos.
2 yrs. 7 mos.
2 yrs. 7 mos.
2 yrs. 6 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 10 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
2 yrs. 9 mos.
of the interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
23
April 1977
_________FEDERAL DEBT___________
Table FD-5. - Government Account Series
(In millions of dollars)
Airport and
Airway
trust fund
Federal
Exchange
Stabilization Deposit
Insurance
Fund
Corporation
Federal
employees
retirement
funds
Federal
disability
insurance
trust fund
174
120
74
156
274
263
436
1,367
2,692
3,429
15,668
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,607
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
1,079
1,832
2,352
2,327
2,671
2,692
2,770
3,562
3,429'
31,105
35,451
34,907
34,635
34,361
40,383
40,095
39,928
39,'’
607
39,278
39,077
40,073
39,850
39,618
39,342
7,639
7,041
6,598
6,602
6,519
6,616
6,362
6,210
6,138
5,758
5,410
5,437
5,254
5,013
4,910
Total
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q...........................................
59,526
66,790
76,323
82,784
89,559
101,738
115,442
124,173
130,557
128,640
878
1,936
2,529
2,712
1,242
1,424
2,934
2,364
1,451
1,512
1,529
1975-Mar........
1975-Dec........
1976-Mar........
Apr........
May........
June.......
116,812
119,385
119,438
119,453
124,570
130,557
128,912
130,591
128,640
127,162
127,405
129,744
126,810
127,770
128,192
1,651
2,201
2,338
2,382
2,400
2,529
2,588
2,649
2,712
2,779
2,850
2,966
3,005
3,068
3,129
2,579
1,485
1,501
1,503
1,507
1,512
1,518
1,522
1,529
1,534
1,601
2,050
2,049
1,993
1,978
End of
fiscal year
or month
Federal Supp.
nedical ins.
trust fund
Federal Sav
ings and Loan
Insurance
Corporation
Government
life insur
ance fund
Highway
trust fund
1968........ . . .
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q...........
281
358
13
257
478
700
531
1,378
1,230
1,244
36
73
80
89
139
81
129
907
1,593
1,885
876
842
797
758
717
690
651
604
569
560
978
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
5,856
5,754
5,915
6,068
6,115
6,427
6,605
6,716
6,931
6.956
963
820
385
53
277
771
3,303
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715*
1975-Mar........
1975-Dec........
1976-Mar........
Apr........
May........
June.......
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1977-Jan........
Feb........
Mar........
1,449
1,442
1,381
1,345
1,290
1,230
1,328
1,424
1,244
1,324
1,397
1,848
1,854
1,957
2,006
714
1,165
1,491
1,510
1,571
1,593
1,635
1,873
1,885
1,898
2,009
2,039
2,076
2,184
2,201
602
594
568
564
560
569
567
563
560
556
552
562
558
553
547
8,677
8,693
8,717
8,767
8,951
9,030
6,548
6,929
6,749
6,748
6,747
6,931
6,943
6,956
6,956
6,963
6,968
7,162
7,223
7,213
7,190
207
294
584
300
588
277
561
359
771
2,288
2,118
2,296
2,063
1,908
2,190
2,758
2,545
2,362
2,184
2,074
3,375
3,081
3,044
2,715
2,522
2,743
2,682
2,469
2,489
2,325
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
1977-Jan........
Feb........
Mar........
_
-
722
-
3,658
3,559
3,657
4,153
4,171
9,065
8,944
8,952
8,824
8,731
8,885
9,055
9,207
9,380
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen’s group life insurance fund from August 1969-January
1973; employees health benefits fundbeginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
1,259
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
19,221
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33^.891
32,978
9,259
10,450
10,525
10,552
10,429
10,892
10,656
10,643
10,959
10,566
10,276
10,641
10,378
10,370
11,216
34,195
32,772
32,232
32,929
34,800
33,891
32,639
33,988
32,978
31,184
31,014
31,270
30,145
30,180
30,430
Unemployment
trust fund
Other
1/
836
790
780
M07
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2',345)
302
414
484
585
655
1,199
2,127
2,470
4,332
845
873
904
879
880
790
808
805
780
787
739
816
783
743
715
5,540
981
530
511
3,231
2,203
1,948
3,011
2,345
2,313
2,878
2,171
1,245
1,438
771
1,963
3,437
3,992
3,998
4,276
4,332
4,608
5,108
5,076
5,134
5,382
5,283
5,143
P,00(C
5,691
Federal
Federal Home
Energy
Administration Loan Banks
End of
fiscal year
or month
National
service life Postal
insurance
service fund
fund
_
_
-
-
152
52
199
44
62
*
-
1,712
-
-
_
_
1,201
1,704
1,717
1,715
1,712
1,738
_
_
_
_
_
_
-
_
_
-
-
-
_
_
_
_
Railroad
retirement
accounts
Treasury
deposit
funds
_
_
_
_
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NOAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HOD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessments fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund, HEW; U.S. Naval
Academy Gift Fund; U.S. Naval Academy Museum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman memorial schol
arship fund; Special Investment Account.
* Less than $500,000.
24
Treasury Bulletin
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
Total
amount
outstanding Family housing
1/
and homeowners
assistance
Housing and Urban Development Department
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
Federal
National
Mortgage
Assoc. 2/
Secondary
market
operations
Other independent agencies
Farm Credit Administration
Export-Import
Bank of the
United States
Bank for
cooperatives
y
19^8.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q.................
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
11,047
1,951
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
548
577
517
487
454
412
408
487
581
578
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
5,887
-
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593
2,960
1,230
-
1975-Mar..............
1975-Dpp ..... ........
1976-Feb..............
11,028
10.935
10,920r
10,901
10,870
10,861
10,853
1,302
1,220
1,203
1,194
1,184
3,176
1,171
475
56^
584
587
586
584
581
4,280
4.200
4,200
4,200
4*180
4,180
4,180
_
-
2,593
2,625
2,606r
2#
,593
2,593
2,593
2,593
_
-
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
1,164
1,152
1,136
1,128
1,117
1,113
1,095
1,086
584
582
578
589
585
575
579
581
4,145
4,145
4,145
4,145
4,145
4,120
3,845
3,845
_
-
June.............
July.............
Oct..............
1977-Jan..............
Feb..............
End of
fiscal year
or month
Postal
Service
Tennessee
Valley
Authority
Other
y
V
y
_
3,779
-
6
6
6
6
5
5
10
-
-
-
_
_
-
-
Janks for
federal home Federal
intermediate
jooperatives Loan banks
credit banks
Federal
Home Loan
Bank Board
_
_
2,593
2,960
2,960
3,585
3,568
3,366
3,349
3,343
Memorandum - Interest-bearing
securities of non-Government agencies
Other independent
agencies - Continued
Federal
intermedi
ate credit
banks 2/
-
_
-
ij
Federal
land
banks
Federal
National
Mortgage
Association
2/ 6/
District of
Columbia
Stadium
Fund
5,319
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
20
20
20
20
20
20
20
20
20
20
r.Q .......................................................
250
250
250
250
25.0
250
525
728
996
1,355
1,855
2,255
2,696
2.075
2.075
1,975
3
3
3
3
3
3
3
2
2
2
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4,702
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19>111
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
1975-Mar..............
1975-Dec..............
250
250
2,125
2.075
2
2
3,463
3,655
22,615
20,950
8,810
13,252
28,232
20
9,254
15,000
1976-Feb..............
250
250
250
250
250
2.075
2,075
2,075
2,075
2,075
2
2
2
2
2
3,880
3,808
3,917
3,343
3,694
19,990
19,960
19,964
19,360
19,390
29,963
29,759
30,021
30,*147
29,804
10,298
20
20
20
20
20
20
250
250
250
250
250
250
250
250
1.975
1.975
1.975
1.975
1.975
1,825
1.825
1.825
2
2
2
2
2
2
2
2
3,745
3,919
3,901
4,023
4,207
4,330
4,425
4,695
19,352
19,163
19,111
19,172
18,856
18,861
19,055
18,444
10,595
10,687
10,791
10,712
10,669
10,494
10,631
10,5S6
1968.................
I969.................
197 0
197 1
197 2
197 3
1974.................
1975.................
1976.................
July.............
Oct..............
1977-Jan..............
Feb..............
Source: Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the*
Housing and Urban Development Act of 1968 (P.L. 90-44-8).
2/ Effective December 31, 1968, banks for cooperatives and Federal in
9,364
9,557
7,
O
CYlQ.
y,u/o
15,346
-*-?, -54-°
16,060
16 060
16 060
16,566
it;8?
17,124
17.127
17.127
17.304
17.304
*7,00^
29,845
30;656
30,413
30,565
30,394
30,143
20
20
20
20
20
20
20
20
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
4/ For details of securities outstanding, see Table TS0-5.
5/ Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
<2/ Includes mortgage backed bonds beginning June 1970.
r Revised.
April 1977
25
_________ FEDERAL DEBT________
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Agriculture
Department
End of
fiscal year
or month
Export-Iraport Bank
of the United States
Participation certificates issued by GNMA acting as trustee
Health, Education,
Farmers Home
and Welfare
Total
Administration 1/
Department 2/
Retire Out
Sales
Sales ments
standing
570
3,250
2,183
533
_
1,330
369
1,814
321
1,493
268
1,226
608
618
576
42
327
249
249
_
_
252
252
"
Retire Out
ments standing
180
7,900
630
8,600
1,280
7,320
1,315
6,005
1,085
4,920
4,480
440
110
4,370
110
4,260
80
4,146
35
4,111
Commodity Credit
Corporation
Sales
Retire Out
ments
standing
_
_
2,181
_
_
-
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
2,181
1975-Mar...'.........
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_
-
_
-
_
-
-
-
-
-
-
-
-
-
_
_
-
-
-
-
-
-
1975-Dec...........
1976-Feb...........
Mar...........
Apr...........
May................
June..,............
July...............
Aug................
Sept...............
Oct................
Nov................
Dec...........
1977-Jan................
Feb...........
-
-
249
-
-
4,286
252
252
252
252
252
252
252
252
252
252
252
252
252
252
_
25
-
-
-
20
-
-
-
-
4,166
4,166
4,166
4,146
4,146
4,416
-
35
-
-
25
226
-
-
4,111
4,111
4,111
4,111
4,111
4*086
3,860
3,860
Retire Out
Sales ments
standing
1,125
525
1,166
225
184
401
765
80
685
168
517
24
493
493
492
_
492
492
-
-
_
_
-
-
-
-
-
-
-
-
-
_
-
-
-
_
-
-
-
492
492
492
492
492
492
492
492
492
492
492
492
492'
492
492
Participation certificates issued by GNMA acting as trustee - Continued
End of
fiscal year
or month
Housing and Urban Development Department
Office of Secretary
Sales
........ 1,140
1969...............
640
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
—
1975-Mar...........
1975- Dec...........
1976-Feb...........
Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
Sept..........
Oct....... .
Nov...........
Dec... ........
1977-Jan...........
Feb...........
_
-
Government National
.
Mortgage Association U
Out
Retire standing
Sales
ments
1,820
465
27
140
2,433
2,109
324
1,146
963
405
741
707
34
707
707
707
707
“
-
7
707
707
707
707
707
707
707
707
707
707
707
707
707
700
700
-
-
Retire Out
ments standing Sales
50
134
190
81
193
95
65
76
41
19
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,197
1,140
1,122
MM
12
10
19
12
1,208
1,150
1,150
1,150
1,140
1,140
1,140
1,122
1,122
1,122
1,122
1,122
1,110
117
993
993
430
50
_
“
Retire Out
ments standing
70
203
225
91
206
41
-
1,160
1,007
782
691
485
444
444
444
444
444
_
102
444
444
444
444
444
444
444
444
444
444
444
444
444
342
342
_
-
'
Source: Bureau of Government Financial Operations.
Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2/ Includes College Housing, Housing for the Elderly, and Public Facility
programs.
lj Includes Special Assistance, and Management and Liquidating programsf
1/
Veterans
Administration 6/
Small Business
Administration M
Retire Out
Sales ments
standing
100
200
212
15
3
_
209
3
2
207
_
6
201
2
199
199
198
_
_
198
198
-
-
_
-r
-
-
-
-
-
-
-
_
-
-
_
-
198
198
198
198
198
198
198
198
198
198
198
198
198
198
198
(Memorandum)
Commodity Cradit Corp.
(net certificates of
interest authorized under
Charter Act) ■£/
Retire Out
Sales 1Retire Out
Sales ments
standing
ments standing
590
60
923
99
1,704
1,590
667
260
79
1,885
136
1,749
.
1,650
99
107
1,543
1,300
243
45
1,255
30
1,225
40
1,164
16
1,148
_
_
_
13
-
_
_
-
11
16
_
_
_
_
-
_
13.
_
_
1,234
l',174
1,174
1,174
1,164
1,164
1,164
1,148
1,148
1,148
1,148
1,148
1,135
1,135
1,135
_
_
_
_
_
_
_
_
_
-
_
-
-
_
_
-
-
_
-
_
_
_
_
_
'
j5/ Includes programs for Disaster Loans, and Business Loans and Invest. ments.
y Includes Direct Loan and Loan Guaranty programs.
2/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
Treasury Bulletin
26
______________FEDERAL DEBT_____________
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Interest-bearing debt
subject to limitation
Debt outstanding sub
ject to limitation
Statutory
debt
limit
Total
Public debt
1/
Other debt
1/ 2/
Public debt
Other debt
1968................
1969................
1970................
1971................
1972................
1973................
1974................
1975................
1976................
358,000
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
350,743
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
£>35,822
344,716
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
6,028
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
3,818
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1975-Mar.............
1075-Dec.............
1976-Mar.............
531,000
595,000
627,000
627,000
627,000
636,000
636,000
636,000
636,000
682,000
682,000
682,000
682,000
682,000
682,000
510,602
577,754
601,619
603,100
611,798
621,556
625,673
634,453
635,822
638,735
645,767
654,662
655,029
664,473
670,343
508,979
576,035
599;877
601,360
610,059
619,820
623,934
632,716
634,089
636,991
644,027
652,932
653,295
662,736
668,596
1,623
1,719
1,742
1,740
1,739
1,736
1,739
1,737
1,733
1,744
1,740
1,730
1,734
1,736
1,748
508,581
575,657
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
652,979
662,320
667,604
1,623
1,718
1,742
1,740
1,739
1,736
1,736
1,737
1,733
1,744
1,740
1,730
May.............
Tune...................
July............
Aug.............
Sept............
Oct.............
Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar............ .
Source: Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1975. For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
1,734
1,736
1,748
Non-interest-bearing debt
subject to limitation
Public debt
1/
33.5...
530
437
389
453
343
380
443
566
529
398
379
653
433
1,982
566
354
424
529
1,929
385
475
316
416
992
Other debt
1/
2,269
825
825
825
825
825
825
_
-
_
_
_
-
_
-
-
-
-
1/ Adjusted to exclude notes to IMF and other international lending or
ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
27
April 1977
FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Act of June 30, 1967
The Second Liberty Bond Act (31 U.S.C. 757b), as amended,
provides that
the face amount
authority of that Act,
of obligations issued under
and the face amount
of obligations
(Public Law 90-39)
provides
that the face amount of beneficial interests and participa
tions issued under section 302 (c)
of the Federal National
guaranteed as to principal and interest by the United States,
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed
in the aggregate $400 billion outstanding
the fiscal year 1968
at any one time*
Public Law 94--334 provides that beginning
added to the amount
and outstanding
at any time shall be
otherwise taken into account in deter
on October 1, 1976, and ending on March 31, 1977, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily
met.
increased by $282 billion.
Part A. - Status Under Limitation March 31, 1977
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding............................................................................. .
Less amounts not subject to limit:
Treasury...........................................................................................
Federal Financing Bank................................................................................
Total public debt subject to limit........................................................................
Other debt subject to limit:
Guaranteed debt of Government agencies........................ .............................................
Specified participation certificates.......................................................................
Total other debt subject to limit.........................................................................
Total debt subject to limit...............................................................................
Statutory debt limit..................................... J..... .........................................
Balance of statutory debt limit............................................................................
$669,208
612
(*)
668,596
613
1,135
1,748
.... 670,343
.... 682,000
11,657
Part B. - Application of Statutory Limitation March 31, 1977
(In millions of dollars)
Classifications
Interest-bearing debt:
Marketable:
Bills:
Treasury........................................................................................
Notes:
Treasury........................................................................................
Bonds:
Treasury........................................................................................
Total marketable....................................................................................
Nonmarketable:
===============
Depositary series....................................................................................
Foreign government series:
Dollar denominated..................................................................................
Foreign currency denominated..........................................................................
Government account series..............................................................................
Investment series................................... ..................... .......................... .
R.E.A. series.......................................................................................
State and local government series........................................................................
United States individual retirement bonds.................................................................
United States retirement plan bonds......................................................................
United States savings bonds............................................................................
United States savings notes............................................................................
Total nonmarketable........................................................... .......................
Total interest-bearing debt..............................................................................
Non-interest-bearing debt:
Matured debt.........................................................................................
Other... ............................................................. ................ ..............
Total non-interest-bearing debt...........................................................................
Total public debt outstanding..... ....... ....................... ..................... ...................
Source: Monthly Statement of the Public Debt of the United States.
* $500 thousand or less.
Amount outstanding
$164,264
229,625
41,490
435,379
9
20,617
1,461
128,192
2,248
12
6,705
20
133
73,037
402
.... 232,837
668,216
266
....... 726
....... 992
669,208
Treasury Bulletin
28
.FEDERAL DEBT.
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
Federal
Financing
Bank
Agriculture Department
Secretary:
Rural
Fanners
Electri Home
fication
Adminis Adminis
tration
tration Programs
V
1968.
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q.„
27,040
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
1975-Mar..
1975-Dec..
1976-Mar..
Apr..
May..
June.
July.
Aug..,
Sept.,
Oct..
Nov..
Dec..
41,426
48,577
53,600
53,282
54,086
53,091
55,680
56,366
57,374
56,074
56,861
59,232
60,702
60,407
61,742
1977-Jan.,
Feb.
Mar.,
638
544
512
451
416
374
327
233
602
13,466
22,413
25,884
1,247
1,534
1,491
1,039
1,559
1.534
1.534
1.534
1.534
1.491
1.491
1.491
1.372
1.372
1,172
6,737
17,274
21,706
22,036
22,736
22,413
24,149
25,052
25,884
26,136
26,524
28,811
29,848
30,328
31,312
327
228
900
11,989
12,115
12,262
11,977
11,501
10,864
8,608
5,046
2,840
3,556
4,620
2.314
2,497
2,573
2,676
2,840
3,002
3.315
3,556
2,393
2,949
3,505
3,983
4,071
4,288
4,770
5,045
5,328
5,746
6,051
6,563
6,963
7.409
7,512
7.409
7,207
7,502
7.409
7,447
7,471
7,512
7,536
7,569
7.409
7,453
7,489
7,514
7.609
7.609
7.609
Housing and Urban Development
Department— Continued
Interior
Department
End of
fiscal year
or month
"1.9687
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..,
1975-Mar..
1-975-Dec..
1976-Mar..
Apr..
May..
June.
July.
Aug..
Sept.,
Oct...
Nov...
Dec...
1977-Jan..,
Feb..
Mar..,
Govern
ment
National
Mortgage
Assn. £/
1,9X)
2,427
3.133
3,552
3,781
3,053
3.133
5,413
6,124
5,907
5,281
7,494
6,999
6,900
6,688
6,124
6,608
5,998
5,907
5,452
5,345
5,134
5,173
5,181
5,200
Other
V
Helium
fund
10
15
110
10
223
665
1,641
2,462
3,677
4,666
4,878
140
207
251
252
252
252
251
252
3,234
4,382
4.463
4.463
4,666
4,666
4.838
4.838
4.878
4.878
4.878
4.878
4.964
4.964
5,008
252
251
251
251
251
251
251
251
252
252
252
252
252
252
252
49
132
191
201
99
154
172
177
179
191
198
198
201
201
201
201
201
202
205
Ten
nessee
Valley
Author
ity
100
100
100
100
100
100
100
150
150
150
125
150
150
150
150
150
150
150
150
150
150
150
150
150
150
Office of the Secretaiy
Urban
College
renewal
Other
housing
fund
4/
loans
y
362
1,454
1,583
720
1,586
783
1,743
1,416
1,391
1,606
1,610
2,545
1,888
2,457
207
1,482
11
1,717
1,867
73
2,570
3,979
183
63
143
126
1,482
1,682
1,682
1,682
1.717
1.717
1,792
1,867
1.892
1.892
1.892
1,892
1,892
1,922
11
54
11
73
181
94
7
7
32
66
Transpor
tation
Dept.
Rural
Telephone
Bank
Housing and Urban
Development Department
ExportInrport
Bank of
the
United
States
Federal
Commodity
Home Loan Credit
Bank Board Corpo
ration
Saint
Lawrence
Seaway
Develop
ment
Corp.
129
133
133
130
127
123
121
120
118
118
120
118
118
118
118
118
118
118
118
117
117
116
116
116
116
2,811
2,811
400
400
600
800
800
800
800
800
800
800
2,811
2,811
800
800
450
2,811
2,811
800
120
120
122
1,366
950
1,400
2,450
2,781
2,811
2,811
2,811
800
800
800
800
800
800
800
800
800
800
800
800
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
Veterans
Adminis
tration:
Direct
loan
program
Under
Defense
Produc
tion
Act
of 1950
170
220
260
352
333
351
414
455
124
149
101
124
129
145
149
158
161
163
170
170
176
Other
*/
1/
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1*220
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1.730
1,854
2,032
1,996
2,010
2,010
2.014
2.015
%
3/
2/
24
38
43
43
43
63
43
44
98
97
43
43
94
346
346
98
97
97
97
97
96
97
97
97
97
29
April 1977
FEDERAL DEBT,
Footnotes to Table FD-10.
Source: Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1975 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other.”
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2/ Includes securities transferred from the Reconstruction Finance
Corporation.
Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
jj/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administratior from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals Explo
ration Administration); and the Secretary of the Treasury througli
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, begin
ning January 1976, and regional rail reorganization, April, 1976.
2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
Treasury Bulletin
30
.FEDERAL DEBT*
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, March 31, 1977
(In millions of dollars)
Title and authorizing act
Commodity Credit Corporation,
act of Mar. 8, 1938, as amended:
Advances.................
Do....................
Do....................
Do....................
Total...................
District of Columbia:
Stadium sinking fund, Armory Board, act of
July 28, 1958, as amended:
Note............................
Date of issue
Date payable
Interest payable
Rate of
interest
Principal
amount
Percent
Various dates
do
do
do
Oct. 1, 1977
Jan. 1, 1978
do
do
Dec. 1, 1973
When funds are
available
At maturity
Bar. 1, 1977
Various dates
June I, 1977
June 30, 1978
At Maturity
June 30, Dec. 31
July 1, Jan. 1
do
do
None 1/
5'1/8
5 5/2
271
275
4.288
Various
Export-Import Bank of the United States,
act of July 3x, 1945, as amended:
Not£*, Series 1971.
Notes, Series 1978.
Total.............................
Federal Financing Bank, act of Dec. 29, 1973:
Advances...........................
Federal Home Loan Bank Board, act of June 27, 1950,
as amended:
Advances................................
Federal Housing Administration, act of
Aug. 10, 1965:
General insurance fund:
Advance................. ..............
Do.................................
Advances... ...........................
Do.................................
Do.................................
Advance...............................
Do.................................
Do...
Do...
Do...
Do...
Do...
Do...
Advances.
Do...
Do...
Do..
Advance..'
Do...
Advances.
Advance
Do....
Subtotal.
Special risk insurance ^.und:
Advances..............
Do.................
Do.................
Do.................
Advance...............
Do.................
Do.................
Advances..............
Advance...............
Do.................
Do.................
Advances..............
Do.................
Do.................
Do.,.,,,,,,,,,.,.,,,...,.
Advance.............
Advances..............
Do.................
4.79
4 3/4
59
1
66
Various dates
Various dates
At maturity
Various dates
Various dates
Jan. 1, July 1
Jan. 25, 1966
Oct. 7, 1970
Various dates
do
do
Dec. 6, 1971
Dec. 29, 1972
Dec. 28, 1973
Apr. 30, 1973
Sept. 30, 1973
Nov. 30, 1973
Jan. 31, 1974
Mar. 31, 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
0ct»
'1971
do
Jan. 25, 1981
Oct. 7, 1985
Various dates
do
do
Dec. 6, 1986
Dec. 28, 1987
Feb. 28, 1988
Apr. 30, 1988
Sept. 30, 1988
Nov. 30, 1988
Jan. 31, 1989
Mar. 31, 1989
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
June 30, Dec. 31
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
-dedo
Various dates
do
do
do
Dec. 6, 1971
Feb. 29, 1972
Feb. 28, 1973
Various dates
Sept. 30, 1973
Nov. 30, 1973
Mar. 31, 1974
Various dates
do
do
Oct. 31, 1974
June 30, 1975
Oct. 31, 1975
Various dates
1986
do
Various dates
do
do
do
Dec. 6, 1986
Dec. 28, 1987
Feb. 28, 1988
Various dates
Sept. 30, 1988
Nov. 30, 1988
Mar. 31, 19S9
Various dates
do
do
Oct. 31, 1989
June 30, 1990
Oct. 31, 1990
Various dates
June 30, Dec. 31
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Various
31,312
7 7/8
1,172
1/2
1/8
i/4
1/8
3/4
7/8
6 5/8
6 3/4
7 1/2
6 7/8
7
7 1/4
7 5/8
7 7/8
8
8 3/8
S 1A
8 1/2
8 1/8
7 1/2
7 1/4
7
6 1/4
6 1/8
6
5 3/4
5 7/8
10
8
149
81
149
56
100
94
I84
127
92
66
84
314
385
171
142
202
160
273
44
_ 86_
63
142
53
142
38
48
6 5/8
86
6 3/4
7 1/2
276
36
6 7/8
68
Subtotal.................... .
90
224
214
169
99
75
60
148
2,031
Total Federal Housing Administration.
5.008
Government National Mortgage Association,
act of Aug. 2, 1954, as amended:
Emergency home purchase 'assistance fund:
Advances.......................
Footnotes at end of table.
Various dates
July 1, 1979
Jan. 1, July 1
7
7
7
8
8
1/4
5/8
7/8
3/8
$ 1/4
8 1/2
8 1/8
7 3/4
156
31
April 1977
.FEDERAL DEBT.
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, March 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Government National Mortgage Association,
act of Aug. 2, 1954— Continued
Advances......................
Do........... ..............
Do.
Do.
Do.
Do.
Do...
Do...
Subtotal.
Management and liquidating functions:
Advances.....................
Do........................
Advance......................
Subtotal.
Special assistance functions:
Advances...............
Do..................
Do..................
Advances...............
Do..................
Do..................
Date of issue
Date payable
Interest payable
Rate of
interest
Percent
July 1^ 1980
Various"dates
July 1, 1Q80
July 1, 1981
do
do
Jan. 1, July 1
do
do
do
do
do
7/5/8'
7 1/2
7/3/8
7 1/4
6 7/8
6 3/4
263
49
18
124
3
do
do
do
do
do
do
6 3/8
12
6 1/8
Various dates
do
Jan. 1, 1974
July 1, 1977
do
do
July 1, 1977
do
do
6
6 1/8
6 7/8
14
36
9
IT
Do.
Do.
Do.
Do.
Do.
Do.
Do.
do
do
do
do
do
do
do
Various dates
do
do
do
July 1, 1980
do
do
do
do
do
do
do
do
do
Do.
Do.
Do.
do
do
do
July 1, 1981
do
do
do
do
do
1. July 1
do
do
do
do
do
3
3 1/8
3
3
7
7
8
3/8
7/8
3/4
1/4
7
7
7
7
7/8
3/8
1/2
5/8
8 1/8
10
4
432
432
208
869
810
394
291
322
8 3/8
6 3/4
195
50
6 7/8
6 3/8
30
23
6 1/8
Subtotal............................
Total GovernmentNational Mortgage Association ,
190
4,263
5,200
Rural Electrification Administration,
act of May 20, 1936, as amended:
Notes of Administrator..........
Various dates
Various dates
Rural Telephone Bank, act of June 30, 1972:
Advances.........................
Do.............................
Do....
Do....
Do....
Do....
Do....
Do....
Do....
Do....
Do....
Advance.
Interest cancelled pursuant
to P.L. 93-32, approved
May 11, 1973.
Various dates
do
do
do
do
do
do
do
do
do
do
Oct. 28, 1975
June 30, 2024
do
do
do
Various dates
do
June 30, 2024
Various dates
do
do
do
June 30, 2025
Various dates
Jan. 1, July 1
do
do
do
do
do
do
do
do
do
do
do
Jul. 26, 1973
None
7
7
7
7
7
1/4
3/8
1/2
5/8
7/8
8 1/8
8 3/4
8 1/2
8 1/4
7,609
5
8
9
10
20
41
5
17
42
8
11
8 3/8
8 5/8
31
1
7 3/4
205
Saint Lawrence Seaway Development Corporation,
act of May 13, 1954, as amended:
Revenue bonds.......... ..............
Various dates
Various dates
Interest cancelled pursuant
to P.L. 9I-469, approved
Oct. 21, 1973 (84 Stat 1038)
Secretary of Agriculture, Farmers Home
Administration:
Rural housing insurance fund, act of July 15,
1949, as amended:
Note...............................
Notes....................
Do......................... ......
Do............................
Do.........................
Advance............................
June 16, 1961
Various dates
do
do
do
Oct. 1. 1976
June 30, 1993
Various dates
do
do
do
Oct. 1. 1977
June 30, Dec. 31
do
do
do
do
do
116
3 3/4
3 7/8
4
4 1/4
4 1/8
5.683
Subtotal..... ......... .............
Subtotal............................
26
m
July 1, 1981
do
do
Various dates
do
July 1, 1979
Agricultural credit insurance fund, act of Aug,
14, 1946, as amended:
Advances....... .....................
Advance.............................
230
Various dates
do
do
do
do
do
July 1, 1976
do
do
Various dates
do
do
Do..,
Total.
Principal
amount
15
121
220
65
135
300
856
Various dates
June 30, 1976
June 30, 1978
June 30, 1981
June 30, Dec. 31
do
6 1/4
7 3/4
350
326
676
Treasury Bulletin
32
•FEDERAL DEBT.
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, March 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Date of issue
Date payable
Interest payable
Rate of
interest
Principal
amount
Percent
Rural development insurance fund, act of
Advance........................
Advances.......................
Subtotal.......................
Total, Secretary of Agriculture, Farmers
Home Administration................
Secretary of Housing and Urban Development
Department:
College housing loans, act of Apr. 20, 1950,
as amended:
Advance................. ..........
National flood insurance fund, act of
Aug. 1, 1968:
Advances.....................
Advances.....................
Advance......................
Advances................ ....
Advances...... ..............
Advances.
Subtotal.
New Communities Guarantee, Metropolitan
Development, Title IV, act of August 1, 1968:
Advance.^ ,..
Advances.................. .........
Advance............................
Do............ ...................
Do.
Do.
Subtotal...........................
New Communities Guarantee, Metropolitan
Development, Title VII, act of Dec. 31 1970:
Advances...........................
Advances...........................
Advances...........................
Advance............................
Advance.........................
Advance.........................
Advance......................... .
Subtotal........................
Urban renewal fund, act of July 15, 1949,
as amended:
Note, Series URA..................
Sept. 3, 1972
Oct. 2, 1972
Various dates
June 30, 1992
June 30, 1993
Various dates
June 30, Dec. 31
June 30, Dec. 31
do
7 5/8
5 7/8
8 1/8
Do..
Note..
Notes.
Do..
Do..
Do..
Notes.
Do..
Do..
Do..
Do..
Do..
Do..
Do..
Note..
Notes.
Note..
Jan. 1, 1976
Jan. 1, 1977
Jan. 1, July 1
2 3/4
Various dates
July 1, 1976
Dec. 4, 1'975
Various dates
October 12,1976
Various dates
July 1, 1978
July 1, 1977
do
July 1,1978
Jan. 1, July 1
do
do
do
do
6
7
7
7
January 3, 1977
do
do
7/8
1/4
1/8
3/8
6 5/8
5 1/2
Advance.............................
Subtotal.... .................... ....
Regional Rail Reorganization, act of January 2,
1974:
Advance......................... ....
25
335
390
2,811
52
29
23
17
8
__
132
Nov. 26, 1975
Various dotes
May 26, 1976
July 1, 1976
Nov. 29, 1976
July 1,
Various
July 1,
July 1,
do
Jan. 1 , 1977
do
Various dates
do
do
do
Various dates
do
do
July 1, 1986
do
do
do
Various dates
1985
dates
1985
1986
do
do
do
On demand
Jan. 1,
do
do
do
do
do
8 1/4
7 7/8
7 3/4
8
7 1/2
*
*
1
*
*
7
*
Jan. 1,
do
do
do
do
do
do
Jan. 1,
2
7/8
3/4
1/2
!/ 8
3/8
6 1/4
23
2
4
2
2
3
41
800
3,787
Various dates
do
Dec. 28, 1965
Various dates
do
do
do
do
do
do
do
do
do
do
do
Apr* 10, 1970
Various dates
July 28, 1972
Sept. 13, 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Interest payments deferred
to Sept. 13, 1985
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
4 1/8
21
4 1/4
4 3/8
4 1/2
4 5/8
4 3/4
4 7/8
5
5 1/8
5 1/4
5 3/8
5 1/2
5 5/8
6 1/4
6 5/8
6 3/4
6 1/8
6
9
2
11
8
4
12
4
4
10
13
9
5
70
11
1
59
1
Total.
Secretary of Transportation:
Rail ServiceAssistance, act of January 8, 1971:
Advance.............................
30
1,922
Total, Secretary of Housing and Urban Development
Secretary of the Interior:
Bureau of Mines:
Helium fund, act of Sept. 13, i960:
Notes...............................
!
1
i
l
252
Jan. 15, 1976
Jan. 15, 1978
Apr. 20, 1976
Apr. 20, 1978
At maturity
do
7 3/8
7
50
2
52
June 30, 1976
Sept. 30, 1978
At maturity
2
Total.
54
33
April 1977
.FEDERAL DEBT.
Table FD-11. - Description of Securities of Government Corporations and Other
Business-Type Activities Held by the Treasury, March 31, 1977—Continued
(In millions of dollars)
Title and authorizing act
Date of issue
Date payable
Interest payable
Rate of
interest
Principal
amount
Percent
Smithsoniian Institution:
John F. Kennedy Center parking facilities,
act of Jan. 23, 1964:
Revenue bonds...................
Do. '
..............
Do...............................
Do...............................
do ................... ;;;;;;;;;;;;;;;
Revenue bond...................!!!!!!!!!'
Revenue bonds..................*!!!*!****
Do...................
do ................. !!!!!!!!!!!!!!!!!.’!
Various dates
do
do
do
do
June 12, 1969
Various dates
do
do
Dec. 31, 2017
do
do
Dec. 31, 2018
do
do
do
do
do
Dec. 31
do
do
do
do
do
do
do
do
1/8
1/4
3/8
3/4
7/8
United States Information Agency, act of
Apr. 3, 1948. as amended:
Note of Administrator (ECA)............. .
Do...............................
Do............................... ,
Do.................... „..........
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Do................... .............
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Do................................
Total...............................
Veterans Administration:
Veterans Direct Loan Program, act of
Apr. 20, 1950, as amended:
Agreements.........................
Do..............................
Do..............................
Do..................... :........
Do..............................
Agreement................ ......
Do..................... .........
Do..................... *........
Do..............................
Do..............................
Agreements.........................
Do..............................
Do..............................
Do..............................
Do..............................
Agreement..........................
Agreements.........................
2
1/4
4
1
1
1/2
2
6 5/8
Total...............................
Tennessee Valley Authority, act of Aug. 6, 1959:
Advances............................
4
3
1
2
20
May 26, 1976
Oct. 27, 1948
do
do
Jan. 24, 1949
do
do
do
do
do
do
do
do
do
do
do
Sept. 18, 1958
do
Aug. 12, 1959
do
do
do
Various dates
do
do
do
do
Dec. 31, 1956
Mar. 29, 1957
June 28, 1957
Apr. 7, 1958
Oct. 6, 1958
Various dates
do
do
do
do
Feb. 5, I960
Various dates
May 26, 1977
June 30, 1986
do
do
do
do
do
do
do •
do 1
do
do
do
do
do
,
do
do
do
June 30, 1989
do
do
do
Indef, due dates
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Quarterly
Anytime by agreement
do
&
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Jan, 1, July 1
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
5 3/4
150
7/8
1/8
$
1/8
1/4
3/4
5/8
2 3/4
3 3/8
4
7/8
5/8
7/8
7/8
4 1/8
4 7/8
6 1/8
267
2 1/2
88
3/4
7/8
53
103
119
50
50
50
50
49
3/8
1/4
1/2
i/8
5/8
3/4
7/8
4 1/4
4 1/2
4 1/8
4 5/8
4'
100
392
109
100
21
20
110
Total.............................
1,730
Total securities......................
61,742
Source: Bureau of Government Financial Operations.
1/ P.L. 89-316 dated 11-2-65, "Provided- that after June 30, 1964,
the portion of borrowings from the Treasury equal to the
unreimbursed realized losses recorded on the books of the
Corporation after June 30 of the fiscal year in which such losses
are realized, shall not bear interest and interest shall not be
accrued or paid thereon."
Less than $500,000.
Treasury Bulletin
34
.PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding March 31, 1977
(In millions of dollars)
1977
Apr.
May.
June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1978
Jan.
Feb.
Mar.,
Apr.,
May.
June.
July.
Aug..
Sept..
Oct—
Nov...
Dec...
1979
Jan.
Feb.
Held by 2/ Description
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Total
1-1/2* Note
7-3/8% Note 4.449* Bill -
_
4/1/77-EA'
4/30/77-H
4/21/77
6-7/8*
9*
6-3/4*
6-1/2*
7-1/2*
7-3/4*
8-1/4*
8-3/8*
1-1/2*
7-1/2*
7-3/4*
6-5/8*
7-1/4*
Total..
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
-
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
8/15/77-B
8/31/77-L
9/30/77-M
10/1/77-E0
10/31/77-N
ll/15/77-E
ll/30/77-Q
12/31/77-P
6-3/8*
6-1/4*
8*
Note
Note _
Note -
•3/4* Note
1-1/2* Note
6-1/2* Note
7-1/8* Note
7-7/8*. Note
7-1/8* Note
6-7/8* Note
6-7/8* Note
8-3/4* Note
7-5/8* Note
6-5/8* Note
6-1/4* Note
.1-1/2* Note
7/8* Note
Note
6*
5-3/4* Note
8-1/8* Note
5-1/4* Note
Total...
5/7/8* Note
Note
7*
5-7/8* Note
_
_
-
5
2,005
1,579
n.a.
2,565
5,329
2,137
2,170
1,516
4,918
615
2,998
189
264
84
2,021
123
87
2,511
8,389
2,115
270
3,352
51
2,241
5,037
2,064
-
3/31/78-K
4/1/78-EA
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-C
8/15/78-E
8/31/78-Q
9/30/78-R
lO/l/78-EQ
10/31/78-S*
11/15/78-B
11/30/78-T
12/31/78-H
12/31/78-U
3,162
15
2,574
3,960
4,423
2,567
3,331
2,855
262
2,900
15
2,182
3,014
2,912
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3.376
-
1/31/79-L
2/15/79-H
2/28/79-M
2,855
4,692
2,845
493
16,397
34
1,713
157
523
2,628
2,462
3/31/79-N
3,518
4/1/79-EA
5/15/79-D
6/30/79-E
8/15/79-A
8/15/79-J
9/30/79-F
10/1/79-E0
11/15/79-B
ll/15/79-C
ll/15/79-K
12/31/79-G
2
4*
6-1/2*
Mar.... 7-1/2*
Apr.... 1-1/2*
May.... 6-7/8*
June..... 7-5/8*
Aug.... 9*
Sept... 6-7/8*
Oct.... 1-1/2*
Nov.... 3-1/2*
Dec.... 5-7/8*
Bond
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
_
_
2/15/80
2/15/80-G
3/31/80-C
4/1/80-EA
5/15/80-A
6/30/80-D
8/15/80-B
9/30/80-E
10/1/80-E0
11/15/80
12/31/80-F
_
_
-
_
-
1,642
392
946
1,511
161
742
305
635
2,552
162
410
181
3,594
216
162
2,406
2,589
2,550
1,82?
2,603
2,787
2,785
3
2,740
4,613
2,725
2,355
2.883
53,231
2,821
2,979
1,913,
29,087
2,505
4,608
2,069
929
1,451
149
1,576
3,157
1,920
5,563
2,680
1,702
1,919
1,616
1,862
1
462
1,799'
3,200
2
266
2,141
3
1,758
131
2,010
621
2,692
32
3
1,137
2,660
29,524
11,822
17,702
Source*
na'ly Treasury statement and Office of Government Financing
in the Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities.11
Oct..
Nov..
1982
Feb..
May..
Aug..
Nov..
1983
Feb..
June.
Nov..
1984
Feb..
Aug..
1985
May..
Description
Total
7*
tm .
1/1/2$
7-3/8?
7?
7-5/8?
1-1/2?
7-3/4?
7?
Total..
6-3/8*
6-1/8*
8*
8-1/8*
7-7/8*
Total..
8*
3-1/4*
7*
Total..
7-1/4*
6-3/8*
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
2/15/81-A
2/15/81-C
3/31/81-H
4/1/81-EA
5/15/81-D
8/15/81
8/15/81-F
10/1/81-E0
11/15/81-B
11/15/81-G
Bond
Note
Note
Note
Note
2/15/82
2/15/82-D
5/15/82-A
8/15/82-B
11/15/82-C
Note
Bond
Note
2/15/83-A
6/15/78-83
11/15/83-B
Note
Bond
1986
May.
Aug.
Nov.
1990
Feb.
May.
1994
May....
1995
Feb__
1998
May....
Nov....
20
140
807
2,586
14
4,477
2,543
21,894
408
2,702
2,697
2,747
2,918
162
1,839
31
4,048
1,286
3,904
2,789
*
1,880
399
2,424
14
2,638
2,512
17,846
1,647
2,692
2,309
11,573
2,080
227
92
2.399
5,878
1,079
2,217
9,174
2/15/84-A
8/15/84
2,905
2/353
937
1.399
1,968
5/15/85
11/15/775/15/85
796
2,336
179
2,922
617
1,061
1,857
395
574
1,283
2,902
7,958
1,306
Total,.
3-1/4? Bond
4-1/4? Bond
556
892
2,020
13,966
1,308
1,837
2,199
9,683
954
666
7-7/8* Note
8*
Note
6-1/8* Bond
Total.....
5/15/86-A
8/15/86-B
11/15/86
5,219
9,515
1,216
15,950
773
1,861
884
3,518
4,446
7,654
332
12,432
3-1/2* Bond
8-1/4* Bond
Total..
2/15/90
5/15/90
3,010
893
1,247
4,257
318
1,211
2,117
929
3,046
4-1/4* Bond -
8/15/87-92
2,994
1,132
1,862
4*
Bond
6-3/4* Bond
7-1/2* Bond
Total.....
2/15/88-93
2/15/93
8/15/88-93
190
627
1.914
2,731
53
209
1.290
1,552
137
624
1,179
4-1/8* Bond -
5/15/89-94
1,124
460
664
Bond -
2/15/95
611
128
483
Bond 7*
3-1/2* Bond Total.,
5/15/93-98
11/15/98
692
2,187
2,879
328
714
1,042
364
1,473
1,837
-
5/15/94-99
2,414
1,580
834
-
2/15/95-00
8/15/95-00
2,771
2,265
5,036
496
934
1,430
2,275
1,331
3,606
••
8/15/96-01
1,575
749
826
-
5/15/00-05
2,221
1,246
975
7-5/8* Bond -
2/15/02-07
1,143
419
724
3*
1999
May....
Bond
2000
Feb__ 7-7/8* Bond
Aug.... 8-3/8* Bond
Total..
2001
Aug.... 8*
Bond
2005
May.... 8-1/4* Bond
2007
Feb__
1,842
4,796
2,809
*
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
1,055
5
1,439
1,081
703
4,283
Total.
Aug.
1,761'
1,674
2,771
2,159
2
Mar..
Apr..
May..
Aug..
2
1,142
442
176
93
7,733
7,265
2,185
4,296
1981
Feb..
2,995
2,269
1,782
4,559
2,989
2,081
1
1,604
2,241
3,376
2,006
36,820
Held by 2/
1/
1992
Aug.
1993
Feb.
2,688
508
108
1,788
830
219
Year
and
month
of final
maturity
%
to
-
Total.
1,906
1/31/78-J
2/15/78-A
2/28/78-G
-
-
Feb....
1,950
2,331
1,948
2,765
39,667
-
3,226
17
3,156
3,630
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Dec.
110
197
1,263
96
289
7,957
-
Note
Sept.
Oct..
Nov..
5
n.a.
1,469
1,432
3,276
1,898
3,139
17
2,959
2,367
2,532
2,476
29,705
1-1/2*
7-7/8*
7-3/4*
6-1/4*
6-7/8*
8-1/2*
1-1/2*
6-5/8*
7*
6-1/4*
7-1/2*
Mar..
Apr..
May..
June.,
Aug..,
Amount of maturities
Amount of maturities
Year
and
month
of final
maturity
1/
2/ Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
2/ Treasury Notes, 7-3/8* Series C-1981 and 7-3/8* Series E-1981
consolidated effective Sept. 1, 1976.
* Less than $500,000.
n.a. Not available.
418
April 1977
35
PUBLIC DEBT OPERATIONS,
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new issue
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
323.9
126.1
321.4
145.6r
338.5
135.Or
244.5r
108.lr
269.2
119.6
2,502.0
3,502.7
2,306.3
3,399.5
2,104.2
3,202.5
2,104.2
3,102.6
2,304.5
3,402.0
290.4*
121.4c*
2,507.3
3,506.5
2,407.9
3,503.3
2,403.0
3,501.5
2,503.8
3,606.3
31,459.9
90,489.0
31,459.4
90,494.0
31,459.4
90,493.7r
3l,465.6r
90,494.5r
31,467.9r
90,495.7r
31,467.2r
90,492.Or
Amount of bids accepted
Issue date
Number of
days to
maturity 1/
Maturity
date
Amount of
bids
tendered
Total
Amount
On com
petitive
basis g/
On noncom
petitive
basis 2/
Regular weekly:
(13-week and 26-week)
1976-Dec
1977-Jan.
5,499.4
6,407.3
4,570.1
7,368.1
4,559.9
5,792.5r
4,256.4*
6,481.5r
4,006.0
6,896.5
4,220.6r
5,408.8r
2,507.5
3,506.4
2,30*.7
3,404.5
2,10$.2
3,202.3r
2,101.4*
3,103.4*
2,306.9
3,403.2
2,506.6r
3,502.9r
4,639.1
6,377.4
4,749.7r
7,799.4*
4,952.8
7,255.6r
2,412.2
3,501.0
2,4C2.6r
3,503.lr
2,506.9
3,596*4**
91
182
4,67Q*7r
6,980.9r
5,217.7r
5,849.9r
4,624.Or
7,046.2r
4,670.3
7,555.1r
2,602.6r
3,704.2r
2,703.2r
3,699.3r
2,5Q5.3r
2,603.4r
2,609.3
3,604.5r
91
182
91
182
91
182
91
182
91
182
5,080.7
5,977.0
4,199.8
5,857.8
3,974.4
5,760.7
4,365.4
5,615.0
4,881.7
6,844.9
364
364
364
364
364
364
364
364
364
364
364
5,666.1
6,045.5
5,669.8
4,380.9
4,855.5
5,50A.0
4,934.2
6,454.3
5,248.5
1978-Jan.
8
5
3
31
28
26
23
20
18
15
13
10
364
5,376.1
6,939.3
7,053.2
Feb.
Mar.
7
7
364
364
1977-Apr.
21
132
/ 1977-Mar.
\
June
Mar.
9........... r
\
June
t
Mar.
1
June
Mar.
23........... r
\
June
Mar.
30........... 1
June
I
Apr.
1
July
f
Apr.
i
July
/
Apr.
(
July
j
Apr.
\
July
f
Feb.
\
f
\
T*7
j
OJ
IWaT•
t
<3
j
in
{
f
\
01
j
\
f
XL
j
\
T7
5g-week:
i976-Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
9..........
6..........
1.................
19..........
15..........
1977-Jan.
Feb.
Mar.
j
\
8........................ J
8.................
Short-dated:
1976-Dec.
Footnotes at end of table.
\
May
Aug.
May
Aug.
May
Aug.
May
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
1977-Mar.
Apr.
May
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
3
2
10
9
17
16
24
23
31
30
91
182
91
182
91
182
91
182
91
182
7
7
14
14
21
21
28
28
91
182
91
182
91
182
91
182
5
4
12
11
91
182
91
182
19
18
26
25
2
1
9
8
16
15
23
22
30
29
91
182
2,183.6 '
3,380.2
1,984.3
3,258.8
1,765.6
3,067.2
1,865.9
2,995.2
2,037.7
3,283.6
2,216.2
3,381.5
2,045.8
3,350.9
2,088.6
3,371.4
2,184].3
3,472.6
366.3
150.1
314.Or
131.7r.
322.6
123
2,268.2
3,574.4
2,395.1
3,568.1
334.4r
129.8r
308.lr
131.2r
2,503.4
3,601.0
2,301.7
3,403.3
2,110.0
3,102.5
2,106.3
3,103.9
2,303.3
3,403.7
2,134.9
2,836.0
2,307.5
3,475.3
2,166.8
3,474.9
1,969.6
3,249.3
1,776.1
2,954.1
1,829.4
2,960.9
1,994.9
3,265.7
3,104.9
3,202.7
3,335.5
2,921.4
2,611.6
2,901.6
2,952.6
2,917.3
3,095.1
3,401.7
3,504.6
31,471.5r
90,489.6r
31,471.2r
90,491.2r
31,474.2r
90,481.4*
370.4*
767.4*
301.8
129.2r
2,604.6
3,698.6
2,603.9
3,802.7
2,500.7
3,603.5
2,602.0
3,602.1
31,472,lr
90,487.Or
31,571.4*
90,383.6r
31,576.Or
90,383.5r
31,583.3*
90,385.9*
336.5
126.1
332.1
153.9
333.9
148.5
277.0
143.2
308.4
138.0
2,507.5
3,602.1
2,305.7
3,405.4
2,104.2
3,102.5
2,110.4
3,104.6
2,306.9
3,404.1
31,579.1
90,384.8
31,575.1
90,382.7
31,580.9
90,382.7
31,567.9
90,382.0
31,573.3
90,381.6
3,027.0
3,086.9
3,240.0
2,845.4
2,518.6
2,898.9
2,866.9
2,835.1
3,036.7
3,340.0
3,435.9
77.9
115.9
95.4
75.9
93.0
72.6
85.7
82.2
58.4
61.7
68.7
36,345.6
37,343.0
38,243.1
38,760.2
38,780.4
39,389.4
39,448.7
39,506.3
39,539.5
39,696.7
39,948.2
3,070.7
2,996.9
73.8
2,102.4
2,205.4
2,435.3
2,404.4
2,591.4
2,292.6
2,893.3
2,859.7
3,061.9
3,244.6
3,253.1
3,068.7
5,909.8
6,264.8
3,105.5
3,208.3
3,047.1
3,145.7
58.3
62.5
2,930.4
3,104.9
40,125.2
40,228.5
4,699.9
2,005.6
1,972.7
32.9
39,950.1
2,005.6
Treasury Bulletin
36
.PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills—Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
Regular weekly:
(13-week and 26-week)
1976-Dec.
9.,
16.,
23.,
30.,
1977-Jan.
6.,
13.,
20.,
27.,
Feb.
3.
10.
17.
24.
Mar.
3.
10.
17.,
24.,
31.,
?2-wegkg:
1976-Mar.
Apr.
May
June
6.............
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Mar.
15.............
11.............
8............ .
Special:
1976-uec.
Footnotes on following page.
High
Equivalent average
rate tj
Price per hundred Equivalent rate
4.466
4.568
4.383
4.516
4.360
4.508
4.269
4.500
4.296
4.474
4.407
4.555
4.613
4.803
4.668
4.868
4.700
4.905
4.720
5.009
4.624
4.840
4.633
4.862
4.668
4.872
4.708
4.943
4.653
4.965
4.546
4.813
4.553
4.826
4.609
4.869
ij
Price per hundred
98.875
97.699
98.899
97*721
98.900
97.733
98.930
97.735
98.923
97.745
98.896
97.711
98.839
97.579
98.828
97.545
98.817
97.527
98.813
97.479
98.837
97.572
5/
6/
2/
1/
00/
4.451
4.551
4,356
4,508
4.352
4.484
4.233
4.480
4.261
4.460
4.367
4.528
4.593
4.789
4.636
4.856
4.680
4.892
4.696
4.987
4.601
4.803
4.613
4.846
Equivalent rate
(Percent)
(Percent)
(Percent)
98.871
^97.691
98.892
97.717
k98.898
97.721
**98.921
97.725
^98.914
97.738
98.886
97.697
‘98.834
97.572
’98.820
97.539
’98.812
97.520
*98.807
97.468
‘98.831
97.553
‘98.829
97.542
‘98.820
97.537
Low-
98.871
97.687
98.889
97.716
98.895
97.712
98.916
97.718
98.911
97.732
98.881
97.691
98.833
97.568
98.818
97.537
98.810
97.516
98.803
97.462
98.828
97.543
98.827
97.538
98.817
97.532
98.809
97.496
98.821
97.486
98.848
97.561
98.847
97.556
4.466
4*575
4.395
4.518
4.371
4.526
4.288
4.514
4.308
4.486
4.427
4.567
4.617
4.811
4.676
4.872
4.708
4.913
4.735
5.020
4.636
4.860
4.640
4.870
4.680
4.882
4.712
4.953
4.664
4.973
4.557
4.824
4.561
4.834
4.617
4.876
98.834
97.550
98.826
97.543 11/
98.819
97.513
98.830
97.502
98.857
97.574
98.855
97.568
98.840
97.544
4.644
4.860
4.672
4.919
4.629
4.941
4.522
4.799
4.530
4.811
4.589
4.858
98.833
97.535
93.952 la/
94.196
94.338 12/
93.652
93.867 14/
94.067
94.337 12/
94.389 is/
94.840
94.738
95.258
95.231 i2/
0»m <s07y
94
94.742
5.982
5.740
5.600
6.278
6.066
5.868
5.601
5.549
5.103
5.190
4.690
4.717
5^324
5.200
93.903
»94.143
94.265
93.593
93.834
94.041
94.289
94.368
94.803
94.718
95.218
95.210
94.584
©4.707
6.030
5.793
5.672
6.337
6.098
5.894
5.648
5.570
5.140
95.219
^94.596
94.716
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
5/345
5.226
98.369
4.449
98.379
4.421
98.360
4.473
98.810
97.501
98.824
97.490
98.851
97.567
98.849
97.560
98.835
97.538
93.923
94.155
94.292
93.621
93.851
94.048
94.304
94.377
94.817
94.727
95.240
6.010
5.210
4.729
4.737
ij
37
April 1977
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-2.
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26 creeks.
2j For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
ij Bank discount basis.
5/ Except $1,720,000 at 98.929 and $610,000 at 98.930.
6/ Except $2,230,000 at 97.754.
2/ Except $110,000 at 98.905 and $300,000 at 98.900.
8/ Except $750,000 at 98.834.
2/ Except $10,000,000 at 97.553.
10/ Except $350,000 at 97.531.
11/ Except $1,000,000 at 97.628, $1,000,000 at 97.618 and $2,000,000
at 97.613.
12J Except $1,000,000 at 93.992.
12/ Except $10,000 at 94.366 and $715,000 at 94.348.
lU Except $1,300,000 at 93.873.
15/ Except $1,950,000 at 94.347.
16/ Except $5,420,000 at 94.397.
12/ Except $920,000 at 94.748 and $2,000,000 at 94.743.
18/ Except $500,000 at 95.288.
12/ Except $8,740,000 at 95.239 and $4,000,000 at 95.238.
2Q/ Except $3,285,000 at 94.632, $1,000,000 at 94.622, and $2,000,000
at 94.621.
r Revised.
38
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular W eekly Treasury B ills i/
(Dollar amounts in millions)
Description of issue
Issue
date
1973-Jan.
4.
11
.
18.
25.
17.
24.
31.
14.
21.
28.
July
5.
12
.
19.
26.
Aug.
2..
Nov.
15..
1974-May
Average rate
of bids
accepted 2/
(Percent)
1973-Apr.
July
Apr.
July
Apr.
July
Apr.
July
5
5
12
12
19
19
26
26
91
182
91
182
91
182
91
182
$3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
$2,402
1,901
2,403
1,902
2,401
1,902
2,400
1,901
5.164
5.397
5.154
5.413
5.277
5.541
5.634
5.759
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
1973-Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
16
15
23
23
30
29
13
13
20
20
27
27
4
3
11
10
18
17
25
24
1
31
14
16
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,789
3,552
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
2,501
1,693
2,501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,801
6.180
6.457
6.453
6.747
6.693
6.864
7.127
7'.172
7.265
7.255
7.229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
8.381
New money
increase, or
decrease (-)
$204
201
223
200
-111
-99
-100
-99
-104
-101
-101
-100
-103
-96
-1 0 0
110
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
200
23..
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
30..
Aug.
Nov.
29
29 _
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
Sept.
Dec,
Sept.
Dec.
Sept.
Dec,
Sept.
Dec ,
Oct,
1975-Jan,
1974-Oct.
1975-Jan.
5
5
12
12
19
19
26
26
3
2
10
9
91
182
91
182
91
182
91
182
91
182
91
182
3,578
3,383
3,693
3,792
5,054
4,261
3,925
3,017
4,117
3,171
4,014
3,430
2,602
1,904
2,603
1,903
2,601 y
1,901
2,600 y
1,901
2,603 y
1,905
2,602 y
1,904
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
7.808
8.055
7.892
8.481
205
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Dec.
1975-Mar.
17
16
24
23
31
30
7
6
14
13
21
20
29
27
5
6
91
182
91
182
91
182
91
182
91
182
91
182
92
182
91
182
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
4,264
3,651
3,981
2,986
3,721
3,481
3,746
3,853
2,602 y
1,901
2,602 y
1,901
2,601 y
1,902
2,656 y
2,007
2,805 y
2,004
2,807 y
2,002
2,803
2,004
2,806
2,005
7.702
7.876
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
189
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
19
20
26
27
91
182
91
182
4,607
3,072
4,038
3,241
2,503
1,802
2,500
1,800
8.185
8.203
7.003
7.928
-197
20.
27.
5.
11.
18.
25.
1.
8.
15.
22.
29.
Sept.
Amount
of bids
accepted
Aug.
Nov.
13.
Aug.
Amount
of bids
tendered
16..
June
July
Number of
days to
maturity
Maturity
date
5.
19.
26.
Footnotes at end of table.
203
202
198
204
195
205
106
359
408
407
401
404
-201
PUBLIC DEBT OPERATIONS.
PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^/-Continue
(Dollar amounts in millions)
Dtion of issue
Number of
days to
maturity
Maturity
date
1975-Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
May
Feb.
May
Feb.
May
Feb.
May
Feb.
May
Mar.
June
Mar.
June
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
July
May
Aug.
May
Aug.
May
Aug.
May
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Amount
of bids
tendered
9
10
16
17
23
24
30
1
6
8
13
15
20
22
27
29
6
5
13
12
3
3
10
10
17
17
24
24
1
31
8
7
15
14
22
21
29
28
5
4
12
11
19
18
26
25
3
2
10
9
17
16
24
23
31
30
7
6
14
13
21
20
91
182
91
182
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
3,132
3,301
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
3,877
3,690
4,110
3,342
3,393
3,819
5,474
3,814
3,755
3,705
4,442
4,416
4,724
4,915
4,088
3,582
4,085
4,191
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
3,797
4,768
4,511
5,523
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
4,423
5,479
4,412
4,831
6,426
4,831
4,503
5,542
28
28
91
183
5,057
4,820
Amount
of bids
accepted
2,702
2,003
2,703
2,003
2,703
2,004
2,705
1,998
2,704
2,100
2,802
2,104
2,800
2,105
2,802
2,102
2,804
2,104
2,802
2,102
2,705
2,201
2,704
2,304
2,603
2,206
2,603
2,202
2,600
2,301
2,702
2,401
2,701
2,499
2,704
2,503
2,702
2,550
2,701
2,501
2,602
2,502
2,503
2,502
2,502
2,601
2,703
2,700
2,701
2,801
2,704
2,702
2,702
2,701
2,701
2,701
2,802
2,801
2,805
2,801
2,803
2,801
2,802
2,803
Average rate
of bids
accepted 2/
(Percent)
6.697
7.364
7.723
7.398
7.525
7.398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5.655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
5.115
5.412
5.206
5.469
io.ee,
sase I
201
201
202
200
247
199
197
198
198
190
196
202
205
201
294
392
394
405
446
394
496
599
702
805
795
799
797
804
801
801
795
801
40
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/ —Continued
________________________________________ (Dollar amounts in millions)________
Description of issue
Maturity
date
Issue
date
1975-June
Sept.
Dec.
Sept.
Dec.
Oct.
t1976-Jan.
/1975-Oct.
j1976-Jan.
1975-Oct.
1976-Jan.
‘*1975-Oct.
1976-Jan.
1975-Oct.
11976-Jan.
5.
12.
July
3.
10
.
17.
24.
31.,
Aug.
' 1975-Nov.
[1976-Feb.
11975-Nov.
11976-Feb.
'1975-Nov.
; 1976-Feb.
1975-Nov.
1976-Feb.
1975-Dec.
1976-Mar.
7.,
14.
21
.
28.,
1975- Sept.
4.
11
2
2
9
8
16
15
23
22
30
29
6
5
13
13
20
19
28
26
4
4
$5,616 "
3,898
4,578
4,258
3,811
3,608
4,465
4.505
5,453
6,560
4.505
5,550
5,136
5,262
$2,803
2.701
2,606
2,591
2.701
2.701
2,802
2.901
2,806
2,905
2,802
2.901
2,904
2.902
91
182
91
183
91
182
92
182
91
182
5,594
5.506
5,306
5,671
4,735
5,918
4,448
6,246
5,368
6,876
3,002
91
182
91
3,202
3.103
3,202
3,105
3.203
6.594
7.085
6.382
6.866
92
182
4,748
6,245
5,068
4,469
4',608
5,613
2,903
3,202
2,736
2,920
2.702
2,805
6.389
6.889
6.445
6.901
6.315
6.824
92
182
91
182
4.155
5,762
3,684
5,341
3,001
3.103
3.104
3,190
6.547
6.981
6.238
6.571
4,125
4,609
4,860
5,072
4,635
4,853
4,992
5,067
5,322
5,270
.3,000
3,103
3,005
3.102
2,999
3.204
3.203
3,304
3,202
3.302
6.045
6.243
5.886
6.156
5.685
5.974
5.602
5.792
5.279
5.483
5,669
5,492
6,400
6.155
3.203
3.401
3,231
3,412
5.472
5.795
5.521
5.933
3.203
3.401
2,907
3.302
5.549
5.995
5.634
6.143
15
15
22
22
91
182
91
182
30.
Jan.
Apr.
29
29
182
6.
Feb.
May
Feb.
May
5
6
13
13
Feb.
May
Feb.
May
19
91
20
182
26
27
90
181
4
3
91
182
91
2.,
9.,
(
16.
23.
13.
20.
28.
4.,
11
.,
18
.,
26.
2.
8.
15.
22.
29.
Footnotes at end of table.
(
11
18
18
26
25
2
1
Average rate
of bids
accepted 2/
(Percent)
5.258
5.505
5.079
5.284
6.008
6.262
6.204
6.509
6.044
6.343
6.246
6.627
6.318
6.719
6.455
6.864
6.349
6.809
6.453
7.000
Jan.
Apr.
Jan.
Apr.
.,
25.,
1976-Jan.
11
Amount
of bids
accepted
91
182
91
182
91
183
91
182
91
182
91
182
91
182
11
18.,
Nov.
4
4
1975-Dec.
1976-Mar.
1975-Dec.
1976-Mar.
1975-Dec’.
1976-Mar.
Jan.
Apr.
Jan.
Apr.
11
Oct.
Number of
days to
maturity
Amount
of bids
tendered
182
91
91
182
92
182
3,002
3,001
3.101
3.103
New money
increase, or
decrease (-)
1
493
498
697
802
800
803
801
799
1,000
952
1,005
998
954r
704
702
690r
595
605
598
704
702
700
738
Mar.
June
Mar.
June
10
182
5,349
5,202
4,351
6,152
Mar.
June
18
17
91
182
4,451
4,767
2,702
3,099
5.491
5.914
764
Mar.
June
25
24
90
181
3,998
4,606
2,709
3,107
5.340
5.678
813
Apr.
July
Apr.
July
1
1
8
8
90
181
91
182
4,957
5,942
5,084
6,539
2,901
3,301
3,004
3.501
5.207
5.508
5.226
5.521
500
Apr.
July
Apr.
July
Apr.
July
15
15
22
22
29
29
91
182
91
182
91
182
5,783
5,457
4,588
5,488
4,774
5,844
2,992
3,403
3,001
3,393
3,102
3.502
4.827
5.066
4.782
5.046
4.763
5.051
11
798
715
501
490
487
702
41
April 1977
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bill8l/-Continued
________________________________ (Dollar amounts m millions)_____________
Description of issue
Issue
date
1Q76-Feb.
5..
13..
26..
Apr.
22.,
29..
May
h
17.,
{
f
\
j
\
24.
f
\
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
f
(
20..
j
27.,
f
3..
10.,
July
f 1976-May
1
Aug.
[
May
i
Aug.
f
May
|
Aug.
July
Oct.
July
Oct.
\
J
13..
June
Maturity
date
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
6.,
1.
Number of
dayis to
maturity
\
f
Dec.
Sept.
Dec.
J
Oct.
\ 1977-Jan.
\
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
$3,109
3,804
3,102
3,902
2,90:
3,731
2,506
3,404
2,609
3.502
4.812
5.066
4.872
5.133
4.869
5.204
4.763
5.089
4.910
5.230
5,739
6,519
4,624
6,508
4,955
7,382
3,915
6,567
2.603
3,601
2.603
3.602
2.502
3.503
2,500
3.602
2.504
3,503
91
182
5,514
7*017
4,360
5,364
4,376
5,523
2,309
3,3992.103
3,202
2,106
3.103
4.920
5.338
5.072
5.425
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
91
182
91
182
4,163
5,222
4,251
7,809
2,302
3,402
2.505
3.506
5.368
5.754
5.411
5.767
6
5
13
12
27
26
91
182
90
181
91
182
$4,5056,558
4,709
6,212
4,700
5,121
22
21
29
28
5
4
12
12
19
18
26
26
2
2
9
9
16
16
91
182
91
182
91
182
91
183
91
182
91
183
91
182
91
182
91
182
5,504
5,370
5,572
6,033
5,557
7,702
23
23
30
30
7
6
Source: See Table PDO-2.
1/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on June 5, 1974 ($801 million).
2/ Equivalent average rate on bank discount basis.
2/ On June 11, 1974, the Treasury announced that the amount of bills
New money
increase, or
decrease (-)
$708
700
199
-193
-195
-209
-199
-205
-211
-295
-292
-291
-302
-200
-188
offered would be $200 million more than the amount maturing. It
sxated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-4. - O fferings of Public Marketable S ecu rities Other than
Regular W eekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
6/20/74
7/23/74
7/24/74
8/1/74
8/6/74
8/7/74
8/8/74
Issue
date
Description of securities l/
8/21/74
8/28/74
7/2/74
7/30/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
Bill
Bill
Bill
Bill
Note
Note
Bond
9.564* Bill
9.767* Bill
_
_
_
_
-
9/18/74
9/24/74
8.341* Bill
-
9/24/74
10/16/74
10/23/74
10/29/74
11/6/74
11/7/74
11/8/74
11A3/74
11/20/74
11/21/74
li/26/74
12/11/74
12/23/74
12/30/74
1/2/7.
9/30/74
10/1/74
10/22/74
11/6/74
11/4/74
11/15/74
11/15/74
11/15/74
11/L9/74
12/3/74
12/4/74
12/5/74
12/17/74
12/31/74
1/7/75
1/9/75
Note
Note
Bill
Note
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
6.625* Bill
7-1/4* Note
7-7/8* Note
8*
Note
_
_
-
1/8/75
1/14/75
6.378* Bill
1/28/75
1/29/75
1/30/75
7-1/8* Note
7-3/8* Note
7-7/8* Bond
2/5/75
2/18/75
2/18/75
2/18/75
2/11/75
2/19/75
3/3/75
5.313* Bill
A - 7/8* Note
\6*
Note
3/5/75
3/11/75
5.637* Bill
3/11/75
3/13/75
3/18/75
3/20/75
4/1/75
7/
3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/1/75
4/8/75
4/14/75
4/30/75
5/6/75
7-3/4*
6*
6-1/2*
8-1/4*
7-1/8*
1-1/2%
Note
Note
Note
Bond
Note
Note
6.475*
6.560*
7-3/8*
6.400*
Bill
Bill
Note
Bill
_
_
_
_
-
5/6/75
5/7/75
5/8/75
5/14/75
5/22/75
5/28/75
6/17/75
6/24/75
6/25/75
7/17/75
7/24/75
7/29/75
7/30/75
7/31/75
8/7/75
8/14/75
8/20/75
8/21/75
9/4/75
9/4/75
5/15/75
5/15/75
5/15/75
5/27/75
6/6/75
6/3/75
6/30/75
7/1/75
7/9/75
7/31/75
7/29/75
8/15/75
8/15/75
8/15/75
8/8/75
8/29/75
8/26/75
9/4/75
9/5/75
9/5/75
7-5/8*
8*
8-1/4*
6-3/4*
6-1/2%
5.803*
6-1/2*
6.292*
7-3/4*
7-1/2*
6.782*
7-7/8*
8-1/8*
8-3/8*
6.280*
8-1/4*
7.331*
8-1/2*
6.175*
6.156*
Note
Note
Bond
Note
Note
Bill
No-ce
Bill
Note
Note
Bill
Note
Note
Bond
BiLl
Nobe
Bill
Note
BiLl
BiLl
9/16/75
Q/17/75
9/24/75
9/30/75
9/23/75
10/7/75
10/1/75
10/22/75
10/21/75
10/31/75
11/17/75
11/17/75
8-3/8*
7.338*
8*
1-1/2*
8-1/8*
6.600%
7-1/2%
7-7/8%
8-3/8%
Note
Bill
Note
Noxe
Noxe
Bill
Noxe
Note
Bond
2/
~Krzrv5 ~
4/8/75
4/15/75
4/30/75
2/
10/7/75
10/15/75
10/16/75
10/29/75
10/30/75
Footnotes at end of table.
8.256*
8.049*
7.836*
9.655*
9*
9*
8-1/2*
8-1/4*
1-1/2*
7.629*
7-7/8*
7.933*
7-3/4*
7-3/4*
8-1/2*
7.362*
7.426*
7.527*
7.521*
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5/
5/15/77-D
2y 9m
8/L5/80-B
6y
5/15/94-99 - Reopening
24y 9m
8/26/75
6/30/75
9/23/75
_
-
9/30/76-J
lO/l/79-EO
10/21/75
5/15/79-D
6/19/75
11/15/77-E
ll/15/81-B
5/15/94-99 - Reopening
11/18/75
4/16/75 Tax ant.
"Strip " of 5 Series
6/17/75 Tax ant.
-
12/16/75
12/31/76-K
5/15/79-D-Reopening
3/31/76-H-Reopening
-
_
-
-
-
_
-
“
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Exchange
Cash
days) 2/
4/6/76
1/31/76
4/30/77-H
5/4/76
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/1/76
6/30/77-J
6/29/76
6/30/79-E
7/31/77-K
7/27/76
5/15/78-F
8/15/82-B
8/15/95-2000
8/26/75 - Reopening
8/31/77-L
8/24/76
9/30/79-F
9/18/75 - Reopening
9/25/75 - Reopening
9/30/77-M
9/21/76
2/28/78-G
10/1/80-E0
12/31/78-H
10/19/76
10/31/77-N
11/15/82-C
8/15/95-2000-Reopening
1,803
2,003
i
2,93§\
2,461) £/
486|
-
-
1,803
-
3,254
3,580
2,274
3,860
4,403
3,275
1,816
3,802
4,904
1,671
2,481
3,749
2,807
1,760
1,915
205
1
1,059
949
338
_
77
_
-
1,818
2,003
1,016
1,501
2,570
1,766
603
2,002
2,251
1,001
1,256
205 12/
1
l,059l
949M/
338f
_
7720/
_
-
3y
7y
24y 6m
364d
134d
(Average) 22d
194d
364d
2y
4y 4m
ly 3m
364d
3y 3m
6y
25y
364d
ly 6m
2y
364d
8m
2m
364d
292d
364d
3y 3m
7y
30y
2y
ly 5m
364d
2y
364d
4y
2y
364d
2y 9m
7y
25y
18d
2y
364d
4y in
13d
20d
2y
364d
2y 5m
5y
2y 2m
364d
2,001
2,205
1,253
756
3,355
-
2,001
6,058
4*241
2,284
697
400
150
_
-
3,263
1,768
752
-
2,102
3,354
2,967
3,189
4,272
_
3,438
2,993
2,961
2,898
3,796
-
lm
8m
2y
7y
24y 9m
2,936
2,461
486
-
_
_
2
_
_
3,681
4,158
4,427
5,390
3,865
1,848
3,572
2,666
3,851
2,775
3,321
5,384
5,391
4,591
5,657
3,670
1,978
6,669
4,956
7,121
4,362
3,000
3,236
6,899
6,133
3,906
3,331
3,858
4,719
4,461
2,246
-
-
2,300
1,233
850
1,372
902
313
_
_
_
-
33
-
3
_
-
384
150
2,103
1,662
1,665
1,762
1,580
2,576
1,247
1,507
2^05
1,586
1,579
2,435
2,855
1,514
754
2,137
1,579
2,404
2,170
2,591
1,782
1,516
2,293
3,051
2,017
801
1,000
2,021
2,893
2,081
849
700
3,192
2,858
2,115
2,517
3,062
3,156
2,517
1,001
Allot
ment
ratio
-
2,980
227d
2y
-
1,802
1,501
1,806
1,526
2,393
1,835
400
364d
364d
6y
3y
2y
15y
ly
5y
_
In exchange
2,935
4,934
4y 6m
3/9/76
ll/15/81-B-Reopening
5/31/76-M
3/31/77-G
5/15/90
11/30/76-N
4/V80-1A
_
2,654
4,321
2,573
4,319
4,4a
3,788
1,060
For
cash
364d
299d
2y
5y
1/13/76
5/15/78-D
2/15/81-C
2/15/95-2000
2/10/76
8/31/76-L
2/28/77-F
364d
244d
364d
44d
Amount issued 1/
10/
11/
12/
14/
16/
17/
1&/
21/
22/
22/
6971
400>24/
150/
_
_
_
_
_
2
25/
26/
30/
£2/
23/
20 /
21 /
32/
12/
14/
_
2,300*^
1,233 16/
85<y
-
_
1,372!
902)45/
3ii
_
_
_
-
21 /
22 /
22 /
22 /
40/
41/
42/
42/
M/
46/
47/
48/
42/
50/
33,2/
3
-
384 W /
150^
52 /
52/
5tJ
51/
52/
W
43
April 1977
PUBLIC DEBT OPERATIONS,
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts m millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
11/13/75
12/2/75
12/5/75
12/5/75
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/76,
2/
3/24/76
3/29/76
11/18/75
12/5/75
12/8/75
12/8/75
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
6.010#
5.822#
5.220#
5.140#
6.440#
7-1/4#
7-1/2#
5.578#
7-3/8#
6-3/8#
8#
5.572#
7#
8-1/4#
6-5/8#
6.010#
7-1/2#
6-3/4#
1-1/2#
7-3/8#
5.781#
Bill Bill Bill Bill Bill Note Note Bill Note Note Note Bill Note Bond Note Bill Note Note Note Note Bill -
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
57*19/76
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
8/31/76
6/1/76
6/1/76
5.645#
6-l/2#
7-7/8#
7-7/8#
7-1/8#
6.309#
5.520$
7-5/8#
Bill 5/3/77
Note 4/30/78-L
Note 5/15/86-A
6/
Bond - 2/15/95-2000-Reopening
Note 5/31/78-M
Bill 5/31/77
gin _
6/17/76-Reopening
Note 6/30/80-D
6/2Q/76
6/30/76
7/9/76
7/27/76
7/30/76
8/16/76
8/16/76
8/16/76
8/24/76
8/31/76
9/14/76
10/1/76
9/21/76
9/30/76
10/12/76
10/19/76
11/1/76
11/15/76
11/15/76
11/15/76
11/15/76
6.081#
6-7/8#
7-5/8#
5.739#
6-7/8#
6-7/8#
8#
8#
5.634#
6^5/8#
6-7/8#
1-1/2#
5.561#
6-I/4#
7#
5.126#
5-7/8#
6-1/4#
7#
7-7/8#
5.201#
6/28/77
Bill
6/30/78-N
Note
8/15/81-F
Note
Bill 7/26/77
Note 7/31/78-P
Note 8/15/79-J
Note 8/15/86-B 6/
Bond 8/15/1996-2001
Bill 8/23/77
Note 8^1/78-Q
Note 9/30/80-E
Note 10/1/81-E0
Bill 9/20/77
Note 9/30/78-R
Note ll/15/81-G
Bill 10/18/77
Note 10/31/78-S
Note 11/15/79-K
Note 11/15/83-B
Bond - 2/15/95-2000-Reopening
Bill 11/15/77
11/30/76
12/7/76
12/10/76
12/14/76
5-3/4#
5-7/8#
4.448#
4.708#
5-1/4#
6-1/8#
4.728#
5-7/8#
6-1/2#
5.345#
7-1/4#
7-5/8#
5-7/8#
6-7/8#
5.226#
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
11/30/78-T
12/31/80-F
4/21/77-Reopening
12/13/77
12/31/78-U
2/15/82-D
1/10/78
l/31/79-L
2/15/80-G
2/07/78
2/15/84-A
-2/15/2002-07
2/28/79-M
3/31/81-H
3/7/78
6#
7#
5.158#
4.632#
Note
Note
Bill
Bill
-3/31/79-N
-5/15/82-E
4/4/78
4/21/77-Reopening
9/15/76
9/21/76 7/
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
2/17/77
2/23/77
3/2/77
3/22/77
3/29/77
3/30/77
4/1/77
1/06/
1/11/77
2/03/77
2/15/77
2/08/77
2/15/77
2/15/77
2/28/77
3/8/77
3/8/77
3/31/77
4/4/77
4/5/77
4/6/77
Period to final
maturity
(years, months,
days) 2/
363d
139d
lOd
18d
364d
11/15/76
4/22/76 - Reopening
12/18/75 - Reopening
12/26/75 - Reopening
12/14/76
12/31/77-P
12/31/79 -G
1/11/77
5/15/81-D '
1/31/7S-J
2/15/83-A 6/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
ll/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/I/8I-EA
2/15/81-E
4/5/77
2y
4y
364d
5y 4m
2y
7y
364d
4y
2y
5y
4y 10-l/2m1
364d
364d
2y
|10y
23y 9m
2y
364d
9d
4y lm
364d
2y
5y lm
364d
2y
LOy
25y
364d
2y
4y
>
Exchange
5,482
5,289
1,657
1,977
6,013
4,390
4,294
4,901
3,328
3,603
29,211
4,913
4,481
712
4,959
5,666
5,507
4,851
1,939
1,600
215
97
5,180
6,046
5,668
4,712
9,000
1,525
4,952
4,381
6,007
5,246
4,856
4,296
5,581
5,663
4,829
5,693
24,426
2,556
4,934p
4,827
5,442
Amount issued 2/
For
cash
3,245
2,002
602
601
3,253
2,553
2,006
3.069
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2.069
3,066
In exchange
u
52/
60/
1,939
1,600
215
97
2,628
3,203
300
472
117
82
692
700
1,476
592
54
3,335
2,274
2,485
2,921
2,010
2,185
2,612
2,638
2,586
2,977
2,855
2,289
8,039
983
2,953p
2,895
2,14T
Allot
ment
ratio
61/
62/
62/
64/
65/
66/
62/
68/
62/
300
472
117
82
70/
Zl/
Z2/
22/
24/
692
700
1,476
592
54
25/
26/
22/
28/
22/
81/
81-A/
*
364d
2y
5y
364d
2y
3y
7y
;J3y 3m
365d
2y
4y lm
364d
364d
15d
4,789p
3,911p
6,986p
14,940
364d
2y
3y
364d
7y
6,404P
5,335
4,205
5,219P
4,324
5,669p
6,469p
l,544p
5,370p
4,088p
5,621p
4,695p
6,688p
6,597p
5,318
7,053p
5,858p
6,I66p
5,734p
4,754P
2,351p
6,474p
5,061p
6,264p
132d
364d
2y
5y lm
3Qy
2y
4y lm
2y
5y lmo
Source:
Bureau of the Public Debt.
Note: All securities (except EA & E0 notes), except those bearing footnote 6
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
From date of additional issue in case of a reopening.
1 / In reopenings the amount issued is in addition to the amount of
original offerings.
K
364d
3y
29y 3m
ly 9m
Amount of subscnptions tendered
326
70
50
136
252
1,300
881
391
150
523
2,867p
2,868
2,543
3,095p
2,822
3,284p
2,235p
l,000p
3,396p
2,803p
2,692p
2,000p
3,253p
3,125p
2,697p
3,071p
2,839p
3,284p
2,930p
2,000p
751p
2,692p
2,800p
3,207p
2,995p
2,607p
3,341p
4,506
326
70
50
82/
82/
84/
85/
86/
82/
136
88/
82/
252
20/
21/
1,300
881
391
150
92/
92/
24/
25/
26/
22/
523
22/
For securities exchanged for the new issues see Table PDO-7.
5/ Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Sold at fixed price by subscription.
7/ Exchange offering available to owners of nonmarketable 2-3/4# Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
8/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
44
Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-4.
2/ Prices accepted ranged from 101.28 (yield 8.48$) down to 100.86
(yield 8.65$) with the average at 101.00 (yield 8.59$).
10/ Prices accepted ranged from 101.50 (yield 8.67$) down to 101.01
(yield 8.78$) with the average at 101.15 (yield 8.75$).
11/ Prices accepted ranged from 99.76 (yield 8.52$) down to 98.00 (yield
8.70$) with the average at 98.70 (yield 8.63$).
12/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
13/ Yields accepted ranged from 8.39$ (price 99.75) down to 8.20$ (price
100.09) with the average at 8.34$ (price 99.84).
14/ Yields accepted ranged from 7.93$ (price 99.787) down to 7.78$
(price 100.349) with the average at 7.89$ (price 99.937).
15/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
16/ Yields accepted ranged from 7.87$ (price 99.685) down to 7.78$
(price 99.921) with the average at 7.85$ (price 99.737).
17/ Yields accepted ranged from 7.86$ (price 99.416) down to 7.75$
(price 100.000) with the average at 7.82$ (price 99.628).
18/ Prices accepted ranged from 103.50 (yield 8.17$) down to 102.79
(yield 8.23$) with the average at 103.04 (yield 8.21$).
19/ Sale of a "strip" of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37$ (price 99.781) down to 7.15$
(price 100.183) with the average at 7.32$ (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27$) down to 101.80
(yield 7.37$) with the average at 101.95 (yield 7.33$).
23/ Prices accepted ranged from 100.91 (yield 7.18$) down to 100.80
(yield 7.27$) with the average at 100.84 (yield 7.24$).
24/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17$ (price 99.814) up to 7.23$ (price
99.643) with the average at 7.21$ (price 99.700).
26/ Yields accepted ranged from 7.40$ (price 99.881) up to 7.52$ (price
99.311) with the average at 7.49$ (price 99.453).
27/ Yields accepted ranged from 7.89$ (price 99.837) up to 7.96$ (price
99.084) with the average at 7.95$ (price 99.191).
28/ Yields accepted ranged from 5.88$ (price 99.993) up to 5.98$ (price
99.852) with the average at 5.94$ (price 99.908).
29/ Yields accepted ranged from 5.97$ (price 100.056) up to 6.12$ (price
99.778) with the average at 6.09$ (price 99.834).
30/ Prices accepted ranged from 101.51 (yield 7.45$) down to 101.07
(yield 7.54$) with the average at 101.21 (yield 7.51$).
31/ Yields accepted ranged from 5.90$ (price 100.082) up to 6.01$ (price
99.757) with the average at 5.98$ (price 99.991).
32/ Yields accepted ranged from 6.40$ (price 100.185) up to 6.60$ (price
99.815) with the average at 6.51$ (price 99.982).
33/ Yields accepted ranged from 8.15$ (price 100.826) up to 8.37$ (price
98.947) with the average at 8.31$ (price 99.455).
2kl Yields accepted ranged from 6.95$ (price 100.234) up to 7.19$ (price
99.865) with the average at 7.15$ (price 99.926).
22/ Yields accepted ranged from 7.37$ (price 100.009) up to 7.45$ (price
99.863) with the average at 7.43$ (price 99.900).
36/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1975.
37/ Yields accepted ranged from 7.60$ (price 100.001) up to 7.74$ (price
99.604) with the average at 7.70$ (price 99.717).
38/ Yields accepted ranged from 7.96$ (price 100.212) up to 8.02$ (price
99.894) with the average at 8.00$ (price 100.000).
39/ Yields accepted ranged from 8.25$ (price 100.000) up to 8.32$ (price
99.232) with the average at 8.30$ (price 99.450).
40/ Yields accepted ranged from 6.79$ (price 99.924) up to 6.92$ (price
99.683) with the average at 6.86$ (price 99.794).
41/ Yields accepted ranged from 6.38$ (price 100.158) up to 6.58$ (pries
99.895) with the average at 6.54$ (price 99.947).
4-2/ Yields accepted ranged from 6.50$ (price 100.000) up to 6.69$ (price
99.650) with the average at 6.61$ (price 99.797).
43/ Yields accepted ranged from 7.74$ (price 100.034) up to 7.85$ (price
99.664) with the average at 7.83$ (price 99.731).
4 V Yields accepted ranged from 7.49$ (price 100.018) up to 7.53$ (price
99.945) with the average at 7.52$ (price 99.963).
L5/ Issued to Federal Feserve banks and Government accounts in exchange
for notes maturing August 15, 1975.
£6/ Yields accepted ranged from 7.75$ (price 100.233) up to 7.97$ (price
99.695) with the average at 7.94$ (price 99.768).
42/ Yields accepted ranged from 8.06$ (price 100.343) up to 8.18$ (price
99.711) with the average at 8.14$ (price 99.921).
48/ Yields accepted ranged from 8.38$ (price 99.948) up to 8.48$ (price
98.917) with the average at 8.44$ (price 99.327).
49/ Yields accepted ranged from 8.15$ (price 100.180) up to 8.29$ (price
99.926) with the average at 8.25$ (price 99.998).
50/ Yields accepted ranged from 8.45$ (price 100.145) up to 8.56$ (price
99.773) with the average at 8.54$ (price 99.840).
51/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
52/ Yields accepted ranged from 8.40$ (price 99.955) up to 8.46$ (price
99.847) with the average at 8.44$ (price 99.883).
53/ Yields accepted ranged from 8.05$ (price 99.893) up to 8.13$ (price
99.722) with the average at 8.10$ (price 99.786).
54/ Yields accepted ranged from 8.06$ (price 101.121) up to 8.19$ (price
99.761) with the average at 8.14$ (price 99.899).
55/ Yields accepted ranged from 7.47$ (price 100.055) up to 7.59$ (price
99.836) with the average at 7.55$ (price 99.909).
56/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing 11/15/75.
57/ Yields accepted ranged from 7.87$ (price 100.027) up to 7.95$ (price
99.603) with the average at 7.92$ (price 99.762).
58/ Prices accepted ranged from 101.73 (yield 8.21$) down to 101.34
(yield 8.24$) with the average at 101.50 (yield 8.23$)".
£2/ Yields accepted ranged from 7.24$ (price 100.018) up to 7.31$ (price
99.890) with the average at 7.28$ (price 99.945).
60/ Yields accepted ranged from 7.43$ (price 100.238) up to 7.53$ (price
99.898) with the average at 7.50$ (price 100.000).
61/ Yields accepted ranged from 7.35$ (price 100.108) up to 7.42$ (price
99.806) with the average at 7.40$ (price 99.892).
62/ Yields accepted ranged from 6.41$ (price 99.935) up to 6.51$ (price
99.751) with the average at 6.49$ (price 99.788).
63/ All accepted subscriptions were awarded at the price of 100.00
(yield 8.00$).
64/ Yields accepted ranged from 7.00$ (price 100.000) up to 7.09$ (price
99.761) with the average at 7.05$ (price 99.867).
65/ Prices accepted ranged fr<j>m 102.14 (yield 8.05$) down to 101.42
(yield 8.12$) with the average at 101.75 (yield 8.09$).
66/ Yields accepted ranged from 6.57$ (price 100.039) up to 6.64$ (price
99.925) with the average at 6.62$ (price 99.957).
62/ Yields accepted ranged from 7.50$ (price 99.990) up to 7.55$ (price
99.818) with the average at 7.54$ (price 99.853).
68/ Yields accepted ranged from 6.71$ (price 100.074) up to 6.80$ (price
99.908) with the average at 6.76$ (price 99.982).
62/ Yields accepted ranged from 7.35$ (price 100.101) up to 7.39$ (price
99.940) with the average at 7.38$ (price 99.980).
70/ Yields accepted ranged from 6.59$ (price 99.837) up to 6.63$ (price
99.765) with the average at 6.61$ (price 99.801).
21/ All accepted subscriptions were awarded at the price of 100.00
72/ Prices acceded ranged from 97.50 (yield 8.11$) to 96.36 (yield
8.22$) with the average at 96.73 (yield 8.19$).
73/ Yields accepted ranged from 7.08$ (price 100.082) up to 7.19$
(price 99.881) with the average at 7.16$ (price 99.936).
74/ Uields accepted ranged from 7.68$ (price 99.796) up to 7.73$
(price 99.625) with the average at 7.71$ (price 99.693).
75/ Yields accepted ranged from 6.96$ (price 99.844) up to 7.01$
(price 99.752) with the average at 6.99$ (price 99.789).
76/ Yields accepted ranged from 7.60$ (price 100.076) up to 7.64$
(price 99.909) with the average at 7.63$ (price 99.951).
77/ Yields accepted ranged from 6.90$ (price 99.953) up to 6.96$ (price
99.843) with the average at 6.95$ (price 99.861).
78/ Yields accepted ranged from 6.88$ (price 99.987) up to 6.92$ (price
99.880) with the average at 6.91$ (price 99.907).
79/ All accepted subscriptions were awarded at the price of 100.00 (yield
8 00$)
80/ Yields*accepted ranged from 7.98$ (price 100.215) up to 8.03$ (price
99.679) with the average at 8.01$ (price 99.893).
81/ Yields accepted ranged from 6.59$ (price 100.065) up to 6.69$ (price
99.880) with the average at 6.67$ (price 99.917).
81-A/ Yields accepted ranged from 6.90$ (price 99.903) up to 6.94$ (price
99.764) with the average at 6.93$ (price 99.799).
82/ Yields accepted ranged from 6.27$ (price 99.963) up to 6.32$ (price
99.870) with the average at 6.30$ (99.907).
83/ Yields accepted ranged from 7.02$ (price 99.894) up to 7.10$ (price
99.557) with the average at 7.08$ (price 99.641).
84/ Yields accepted ranged from 5.88$ (price 99.991) up to 5.99$ (price
99.787) with the average at 5.96$ (price 99.842).
85/ Yields accepted ranged from 6.32$ (price 99.811) up to 6.37$ (price
99.677) with the average at 6.36$ (price 99.704).
86/ Yields accepted ranged from 7.00$ (price 100.000) up to 7.02$ (price
99.891) with the average also at 7.02$.
87/ Prices accepted ranged from 101.05 (yield 7.77$) down to 100.58
(yield 7.82$) with the average at 100.79 (yield 7.80$).
88/ Yields accepted ranged from 5.76$ (price 99.981) up to 5.94$ (price
99.647) with the average at 5.86$ (price 99.795).
89/ Yields accepted ranged from 5.87# (price 100.007) up to 5.92$ (price
99.829) with the average at 5.91$ (price 99.864).
90/ Yields accepted ranged from 5.29$ (price (99.925) up to 5.38$ (price
99.757) with the average at 5.37$ (price 99.775).
91/ Yields accepted ranged from 6.15$ (price 99.872) up to 6.20$ (price
99.656) with the average at 6.19$ (price 99.699).
92/ Yields accepted ranged from 5.94$ (price 99.880) up to 5.99$ (price
99.787) with the average at 5.97$ (price 99.824).
93/ Yields accepted ranged from 6.56$ (price 99.839) up to 6.64$ (price
99.625) with the average at 6.62$ (price 99.p78).
94/ Yields accepted ranged from 7.21$ (price 100:217) up to 7.27$ (price
99.892) with the average at 7.25$ (price 100i.000).
95/ Yields accepted ranged from 7.58$ (price 100:530) up to 7.63$ (price
99.941) with the average also at 7.63$.
26/ Yields accepted ranged from 5.95$ (price 99.861) up to 5.99$ (price
99.786) with the average at 5.98$ (price 99.805).
97/ Yields accepted ranged from 6.85$ (price 100.073) up to 6.90$ (price
99.898) with the average at 6.88$ (price 99.968).
98/ Yields accepted ranged from 5.99$ (price 100|019) up to 6.03$ (price
99.944) with the average at 6.02$ (price 99.'963).
qq/ Yields accepted ranged from 6.98$ (price 100.058) up to 7.03$ (price
99.846) with the average at 7.02$ (pri'ce 99.^89).
* Less than $500,000.
p Preliminary.
45
April 1977
.PUBLIC DEBT OPERATIONS,
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
financing
1977
6-1/2#
7-3/8#
Note
Note
3/31/77-G
4/30/77-H
3/31/75
4/30/75
6-7/8#
Note
5/15/77-C
2/15/74
9#
Note
5/31/77-1
5/27/75
6-3/4#
6-1/2#
7-1/2#
Note
Note
Note
5/31/77-1
6/30/77-J
7/31/77-K
5/27/75
6/30/75
7/31/75
f8/15/70
7-3/4#
Note
8/15/77-B
[8/15/73
Amount issued
(In millions)
$2,576
1,579
307
2,258
2,565
2,936
2,393
5,329
2,137
2,170
1,516
752
1,512
2,264
234
394
Average price
per hundred
$99,982
99.900
100.51
100.51
101.00
101.00
Effective
interest
rate
Eligible securities exchanged
2/
2/
7.43
6.70
6.70
2/
8.59
8.59
2/
6.86
Note
2/15/74-C
Note
8/15/74-B
6-3/8#
4#
Note
Bond
8/15/70-D
8/15/70
Note
Bond
-
8/15/73-B
8/15/73
Note
-
9/30/75-G
7-3/4#
5-5,
2/
2/
99.794
99.797
99.963
99.75
99.75
6.61
7.52
7.80
7.80
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8#
4#
2,021
99.998
8.25
2/
3,193
33
3,226
3,156
1,059
2,570
3,630
99.883
99.883
8.44
8.44
8-3/8
99.909
99.737
99.737
7.55
7.85
7.85
2/
2^ 23
99.957
6.62
2/
212
99.945
99.945
7.52
7.52
2/
2,026
2/
2/
2*654
8-1/4#
Note
8/31/77-L
8/29/75
8-3/8
Note
9/30/77-M
9/30/75
7-1/2#
Note
10/31/77-N
10/31/75
7-3/4# Note
11/15/77-E
11/15/74
6-5/8#
Note
11/30/77-Q
3/3/76
7-1/4#
Note
12/31/77-P
12/31/75
2,553
2,765
2,511
2,115
97
3,066
3,162
99.788
99.786
99.982
99.982
6.49
2/
8.10
|/
300
99.801
99.801
6.61
6.61
2/
99.700
99.700
99.700
7.21
7.21
7.21
2/
99.768
99.768
7.94
7.94
99.936
99.936
7.16
7.16
Z/
2,638
99.789
99.789
6.99
6.99
8-3/4#
2/
3,331
2,855
343
240
1,880
99.861
100.07
100.07
100.07
6.95
8.73
8.73
8.73
99.717
99.717
7.70
7.70
1978
6-3/8#
8#
Note
Note
1/31/78-J
2/28/78-G
2/2/76
10/7/75
6-3/4#
Note
3/31/78-K
3/31/76
4/30/78-L
5/17/76
6-1/2#
Note
5/15/78-D
2/18/75
5/15/78-F
8/15/75
5/31/7&-M
6/1/76
6-7/8# Note
6/30/78-N
6/30/76
6-7/8#
Note
7/31/78-P
7/30/76
8-3/4#
Note
8/15/78-C
5/15/74
7-5/8#
Note
8/15/78-E
5/15/75
7-1/8#
7-7/8#
7-1/8#
Note
Note
Note
”
2,274
2,574
578
118
3,264
3,960
1,372
3,051
4,423
82
2,485
2,567
692
6.76
6.76
5-3/4#
Note
11/15/74-A
Note
12/31/75-H
2/
7#
8#
Note
-
3/31/76-H
2/
Note
5/15/76-E
Note
Note
2/15/75-A
2/15/75-E
5-7/8#
2/
Note
8/15/75-C
6#
Note
5/31/76-M
Note
6/30/76-1
£/
7-1/4#
4-1/4#
2/
Note
Bond
5/15/74-D
5/15/74
6#
Note
5/15/75-B
5-3/4#
5-3/4#
5-7/8#
2,462
T ;'300
2,855
5,155
Footnotes at end of table.
2/
46
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Amount issued
(In millions)
$54
2,895
2,949
326
2,868
3,195
98
2,822
2,921
633
3,109
1,446
602
841
509
1,067
8,207
136p
2,803p
2,939p
2,517
252p
_.V 24p
3,377p
$99,917
99.917
6.67%
6.67
5-7/8%
2/
Note
_
8/31/76-L
99.907
99.907
6.30
6.30
8-1/4%
Note
_
9/30/76-J
2J
99.842
99.842
5.96
5.96
6-1/2%
2/
Note
_
10/31/76-0
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8%
7-3/4%
4-3/4%
6-3/4%
5%
3-7/8%
4%
Note
Note
Note
Note
Note
Bond
Bond
_
-
-
11/15/71-B
ll/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
99.795
99.795
5.86
5.86
7-1/8%
2/
Note
_
11/30/76-N
99.899
99.775
99.775
8.14
5.37
5.37
2/
7-1/4%
2/
Note
-
12/31/76-K
2,854p
368
1,232
3,092
4,692
150p
2,694p
2,845p
523p
2,995p
3,518p
1,016
1,253
1,782
700
2,289
2,989
2,081
595
1,009
1,604
220
2,021
2,241
70
3,306
3,376
2,006
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
6-1/4%
5-7/8%
2/
Note
Note
-
2/15/76-A
2/15/76-F
99.805
99.805
5.98
5.98
6%
2/
Note
_
2/28/77-F
99.963
99.963
6.02
6.02
6-1/2%
2/
Note
—
3/31/77-G
99.937
101.95
99.731
99.907
99.907
7.89
7.52
7.83
6.91
6.91
2/
2/
2/
7-1/2%
2/
Note
_
8/15/76-C
99.840
99.40
99.40
8.54
6.73
6.73
2/
4-7/8%
2/
Note
_
2/15/73-D
6.82
6.82
4-1/2%
2/
Bond
_
11/15/73
6.36
6.36
6-1/4%
£/
Note
_
11/15/76-D
7.51
2/
99.678
99.678
6.62
6.62
8%
2/
Note
_
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F<SG savings bonds
2/
99.853
99.29
99.29
99.29
7.54
7.00
7.00
7.00
2/
7-3/4%
4-3/4%
2/
Note
Note
-
5/15/73-A
5/15/73-E
99.693
101.15
101.15
7.71
8.75
8.75
2/
5-5/8%
2/
Note
_
8/15/74-B
1978
6-5/8%
Note
8/31/78-Q
8/31/76
6-1/4%
Note
9/30/78-R
9/30/76
5-7/8%
Note
10/31/78-S
11/15/78-B
11/1/76
11/15/71
5-3/4%
Note
ll/30/78-T
11/30/76
8-1/8%
5-1/4%
Note
Note
12/31/78-H
12/31/78-U
10/22/75
12/31/76
1979
5-7/8%
Note
1/31/79-L
2/3/77
7%
Note
2/15/79-H
2/17/76
5-7/8%
Note
2/28/79-M
2/28/77
6%
Note
3/31/79-N
3/31/77
7-7/8%
Note
5/15/79-D
7-3/4%
6-7/8%
Note
Note
6/30/79-E
8/15/79-J
/Il/6/74
1/7/75
7/9/75
8/16/76
8-1/2%
Note
9/30/79-F
9/4/75
6-5/8%
Note
11/15/79-B
2/15/73
7%
Note
11/15/79-C
11/15/73
6-1/4%
Note
11/15/79-K
11/15/76
7-1/2%
1980
6-1/2%
Note
12/31/79-G
1/6/76
Note
2/15/80-G
2/15/77
Bond
2/15/80 1/
C
'
4%
f 1/23/59
\JL2/l5/62
c
7-1/2%
Note
3/31/80-C
3/17/76
6-7/8%
Note
5/15/80-A
5/15/73
7-5/8%
9%
Note
Note
6/30/80-D
8/15/80-B
6/10/76
8/15/74
Footnotes at end of table.
' Effective
interest
rate
Date of
financing
l,300p
3,308p
4,608p
884
34
*
34
2,069
2,636
2,585
2,043
7,265
2,185
2,461
1,835
4,296
Average price
per hundred
100.88
100.88
99.704
99.704
100.00
Eligible securities exchanged
-
2/15/77-A
47
April 1977
PUBLIC DEBT OPERATIONS,
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
of securities
Date of
financing
1980
6-7/8*
5-7/8*
Note
Note
9/30/80-E
12/31/80-F
9/14/76
12/7/76
1981
7*
Note
2/15/81-A
2/15/74
2/15/81-C 2/
7-3/8*
6-7/8*
7-3/8*
7-5/8*
Note
Note
Note
7*
Bond
r
1 9/I£Ar*?
Amount issued
(In millions)
^
/
V
/
Y
7*
1982
6-3/ 8*
6- 1/ 8*
Note
Bond
Note
Note
Note
25
302
1,515
1,842
400
1,768
2,168
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4*
4-1/8*
2/
Note
Bond.
-
2/15/74-C
2/15/74
99.453
99.453
7.49
7.49
5-3/4*
2/
Note
-
2/15/75-A
Note
Bond
-
8/15/71-F
8/15/71
Note
-
ll/15/74-A
Note
-
5/15/75-B
3/8/77
1/26/76
7/9/76
8/15/81
8/15/71
/
V
99.968
99.892
99.951
99.20
99.20
99.20
6.88
7.40
7.63
7.11
7.11
7.11
2/
£7
2/
8-1/4*
4*
2/
11/15/81-B
11
/i
5✓/
/7/
1-L1J-/
•<
*-
/
V
99.628
99.628
7.82
7.82
5-3/4*
2/
'11/15/81-G
L 3/19/75
10/12/76
2,808p
2,020
2,586
202
411
195
807
949
1,766
2,715
1,762
2,543
101.25
99.641
7.70
7.08
2/
2/
100.60
99.699
100.00
100.00
6.34
6.19
8.00
8.00
2/
2/
6*
2/
99.921
8.14
5-7/8*
Note
-
8/15/75-C
99.762
99.762
7.92
7.92
7*
2/
Note
-
11/15/75-D
99.891
99.891
7.02
7.02
6-1/4*
2/
Note
-
11/15/76-D
100.00
100.00
7.25
7.25
8*
2/
Note
-
2/15/77-A
15
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5*
4*
2-1/2*
6*
2-1/2*
5-3/4*
3-7/8*
5-3/4*
5-7/8*
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
-
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
ll/15/74-A
11/15/74
2/15/75-A
2/15/75-E
1,135
100.50
3.22
2/
98
487
187
58
\
36
268
58
L.
24
1,216
*
(
5
V
360
-..16JL.
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8*
7-3/4*
4-3/4*
6-3/4*
5*
3-7/8*
4*
2/
Note
Note
Note
Note
Note
Bond
Bond
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
101.00
101.00
101.00
4.19
4.19
4.19
4*
3-1/4*
2/
Note
Note
-
8/15/62-B
8/15/62-G
2/15/82 1/
2/15/82-D
5/15/82-A
5/15/72
1/6/77
5/15/75
/
8/15/82-B
8/15/75
I
/
\
1983
7*
Note
11/15/83-B
11/15/76
f
198A
7-1/4*
Note
2/15/84-A
2/15/77
f
r
8/15/84
8/15/72
{
I
5/15/85
6/3/58
^
6-1/8*
Bond
11/15/86
11/15/71
1987
4-1/4*
Bond
8/15/87-92 1/
8/15/62
Footnotes at end of table.
2/
2/
3/31/81-H
5/15/81-D
8/15/81-F
11/17/75
1985
3-1/4*
1986
6.93*
5.91
2/
11/15/82-C
Bond
$99,799
99.867
7.38
Note
6-3/8*
$2,141
2,697p
99.980
I
7-7/8*
Eligible securities exchanged
2,628
I
8-1/8*
Effective
interest
rate
L 4/5/76
r
7-3/4*
Average price
per hundred
505
2,697p
1,233 ,
^
2,747
902
2,017
2,918
384
2,518
2,902
50
2,259
2,309
881p
2,Q24P
2,905p
252
221
133
164
535
265
457
268
41
2,353
48
Treasury Bulletin
,PUBLICDEBTOPERATIONS.
Table PDO-5. - UnmaturedMarketable Securities Issuedat aPremiumorDiscount
OtherthanAdvanceRefundingOperations—
Continued
1988
4#
7-1/2#
Bond
B ond
Amount issued
[In millions)
Average price
per hundred
Effective
interest
rate
1/17/63
$252
$99.85
4.01
' 8/15/73
93
333
500
95.05
95.05
95.05
8.00
8.00
8.00
2J
100.14
100.14
7.78
7.78
100.45
100.45
100.45
7.68
7.68
7.68
100.55
4.09
Date of
financing
Description of securities
2/15/83-93
8/15/88-93
925
136
302
438
10
240
301
{ 11/15/73
2/15/74
Eligible securities exchanged
2/
8-1/8#
4#
Note
Bond
_
4-1/8#
2/
Bond
-
11/15/73
7-3/4#
4-1/8#
2/
Note
Bond
_
2/15/74-C
2/15/74
-
-
8/15/73-B
8/15/73
551
1989
4-1/8#
1990
8-1/4#
1993
6-3/4#
7#
Bond
5/15/89-94
4/18/63
300
B ond
5/15/90
4/7/75
1,247
99.455
8.31
Z/
1/
B ond
2/15/93
1/10/73
627
99.50
5/15/93-98
5/17/76
40
652
692
98.75
98.75
6.79
7.11
7.11
ZJ
7-3/4#
Note
_
Bond
5/15/74
279
309
588
102.85
102.85
8.21
8.21
4-1/4#
2/
Bond
_
5/15/74
8/15/74
400
486
98.70
98.70
8.46
8.46
5-5/8#
2/
Note
_
8/15/74-B
885
196
142
603
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4#
3-7/8#
2/
Note
Bond
-
99.191
99.191
7.95
7.95
5-3/4#
2/
Note
_
2/15/75-A
96.73
96.73
8.19
8.19
6-1/2#
2/
Note
-
5/15/76-B
100.79
99.327
99.327
7.80
8.44
8.44
2/
5-7/8#
2/
Note
_
8/15/75-C
101.50
101.50
8.33
8.33
7#
2/
Note
_
11/15/75-D
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2#
6-1/2#
2/
Note
Note
_
8/15/76-0
8/15/76-G
99.450
99.450
99.450
8.30
8.30
8.30
5-7/8#
Note
Note
_
5/15/75-F
5/15/75-B
Note
_
2/
1994
8-1/2#
B ond
5/15/94-99
11/15/74
'V
__
1995
2/18/75
7-7/8#
B ond
2/15/95-00
. 9P2
117
750
5/17/76
868
l,001p
JL1/L5/76
8-3/8#
B ond
8/15/95-00
1996
8#
B ond
8/15/96-01
'8/15/75
313
801
11/17/75
1,114
150
1,001
1,151
!
342
250
983
1,575
220
630
754
8/16/76
2000
5/15/75
8-1/4#
Bond
5/15/00-05
k 2/17/76
2002
7-5/8#
Bond
2/15/02-07
941
150
752
2/15/77
1/ Additional issue.
2/ Issued for cash.
2/ Treasury Notes, 7-3/8# Series C-1981 and 7-3/8# Series E-1981
c—
1,604
215
101.75
101.75
8.09
8.09
W t 391p
753p
l,144p
99.941
99.941
*
p
7.63
7.63
_
5/15/73-A
11/15/74-A
11/15/74
2/
6-1/4#
2/
8#
2/
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary.
Note
2/15/76-A
2/15/77-A
April 1977
49
PUBLICDEBTOPERATIONS
Table PDO-6.
- A l l o t m e n t s b y Investor Classes on
Subscriptions
Part A. - Other than Bills
for P u b l i c M a r k e t a b l e
S e cur it ie s
1/
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description of securities
8/15/70 f 7-3/4%
( 7-3/4%
8/17/70 7-1/2%
11/15/70 J 7-1/4%
1 7-1/2%
11/16/70 6-3/4%
2/15/71 r 5-7/8%
\ 6-1/4%
5/15/71 J 5%
^5-3/4%
6/29/71 6%
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
8/15/71 f 7%
I 7%
Bond
8/16/71 6-1/2% Note
6-1/4%
10/22/71 5-7/8%
f4-7/8%
11/15/71 ( 6%
V 6-1/8%
9/8/71
Note
Note
Note
Note
Bond
- 2/15/74-C
- 8/15/77-B
- 2/15/72-C
- 5/15/74-D
- 8/15/76-C 8/
- 5/15/72-D
- 8/15/75-C
- 2/15/78-A
- 8/15/72-E
- 11/15/74-A 8/
- 11/15/72-F
- II/I5/75-D
8/15/81
- 2/15/73-C
- 11/15/76-D
- 2/15/75-E
- 11/15/73-D
- 11/15/78-B
ll/l5/86
2/15/72 f 5-3/4% Note - 5/15/76-E
\ 6-3/8% Bond 2/15/82
4/3/72 5-7/8% Note - 5/15/75-F
5/15/72 f 4-3/4% Note - 5/15/73-E
^ 6-3/8% Bond 2/15/82 8/
p5_7/8% Note - 2/15/76-F
8/15/72 { 6-1/4% Note - 8/15/79-A
6-3/8% Bond 8/15/84
Note - 9/30/74-E
10/19/72 6%
11/15/72 6-1/4% Note - 11/15/76-D 8/
12/28/72
l/LO/73
5-7/8% Note - 12/31/74-F
Bond - 2/15/93
Note - 8/L5/76-G
Note - 11/15/79-B
Note - 5/15/80-A
Bond - 5/15/93-98
J 7-3/4% Note - 8/15/77-B 8/
\7-l/2% Bond - 8/15/88-93
8-3/8% Note - 9/30/75-G
f7%
Note - 12/31/75-H
( 7%
Note - 11/15/79-C
n 7-1/2% Bond - 8/15/88-93 8/
f6-7/8% Note - 5A5/77-C
( 7%
Note - 2/ 1 5 / 8 1 -A
\ 7 - l / 2 % Bond - 8/6.5/88-93 8 /
8%
Note - 3/31/76-H
6-3/4%
2/15/73 f 6-1/2%
\ 6-5/8%
/
5/15/73 6-7/8%
\ 7%
8/15/73
9/4/73
11/15/73
2/15/74
4/9/74
r8-3/4%
5/15/74 ( 8-3/4%
V 8-1/2%
(9%
8/15/74 / 9%
(8-1/2%
9/30/74
11/6 /74
Note
Note
Bond
Note
Note
Bond
8-1/4% Note
7-7/8% Note
(7-3/4% Note
11/15/74 <7-3/4% Note
(8-1/2% Bond
12/31/74
1/7/75
1/9/75
7-1/4% Note
7-7/8% Note
8%
Note
- 6/30/76-1
- 8/15/78-C
- 5/15/94-99
- 8/15/80-B
- 5/15/77-D
- 5/15/94-99 8/
- 9/30/76-J
- 5/15/79-D
- 11/15/77-E
- 11/15/81-B
- 5/15/94-99 8/
- 12/31/76-K
- 5/15/79-D 8/
- 3/31/76-H 8/
(7-1/8% Note - 5/15/78-D
2/18/75 (7-3/8% Note - 2/15/81-C
(7-7/8% Bond - 2/15/95-00
Footnptes at end of table.
For
cash
_
3,19°
2,037
2,285
195
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
U.S. Gov
ernment
accounts Commer
cial
and
banks
Federal
Reserve 2/
banks 2/
150
479
190
838
811
Indi
vidu
als
u
166
74
656
292
94 ‘
119
235
431
138
246
1,929
967
1,664
2,481
3,033
1,593
3,586
3,122
-
-
7,679
8,389
3,452
3,231
2,319
2,722
1,457
1,046
3,115
613
-
592
351
-
1,542
112
2,036
-
-
1,046
15
1,500
8,207
1,192
2,802
2,131
-
1,500
2,915
673
420
554
-
1,833
1,566
3,197
296
1,446
777
1,605
9
15
240
31
85
221
1,279
505
_
41
2,060
2,514
4,945
4,559
2,312
2,514
1,028
1,437
1,180
-
-
1,231
353
2,557
1,606
512
1,990
3,041
2,102
-
105
3,883
595
5,221
40
628
425
220
220
136
1,392
595
5,275
140
630
665
61
220
220
136
307
2,514
1,283
2,045
2,768
24
_
66
1,776
627
1,009
2,043
652
2,026
500
2,042
1,511
2,021
302
1,351
1,257
2,071
2,230
2,062
291
1,878
556
19
130
210
57
15
6
15
,
84
166
82
9
24
6
40
71
23
1,320
111
102
14
1,438
183
83 j 34
188
1,097
1,003
1,366
83
1,519
1,094
Insur
ance
compa
nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
•*
24
4
1
202
43
23
3
3
2
*
*
94
6
52
21
405
76
272
125
67
14
53
235
3
85
46
1
2
1
46
104
'5
21
1
*
*
1
_
9
2
1
26
1
*
*
992
1,150
185
558
296
84
311
13
117
121
70
10
125
3
24
31
•*
2
6
7
*
79
100
33
*
54
26
10
186
769
45
*
2
1
68
21
26
11
16
1
7
9
2
2
1
1
1
19
2
209
24
52
2
5
*
59
1
17
*
*
*
*
2
*
49
39
41
28
6
1
1
2
7
1
8
1
6
*
8
6
2
1
*
*
*
*
59
1
*
*
20
15
103
9
8
2
14
14
10
7
5
1
*
1
3
5
5
4
*
10
11
16
21
1
11
13
10
27
6
165
288
96
51
367
56
224
336
232
100
202
125
56
13
9
1
1
*
647
673
294
676
350
1
93
578
484
356
3
1
8
27
1
2
1
173
21
11
1,532
-
35
1,016
154
10
2,048
1,879
309
1,835
2,393
400
1,818
1,016
656
583
279
2,461
2,936
486
656
583
279
2,461
2,936
486
263
270
68
480
816
16
205
1,059
949
338
77
697
205
1,059
949
338
1,224
1,315
106
619
821
129
1,174
581
1,371
913
248
1,195
191
144
30
62
19
10
8
7
11
5
8
4
23
3
3
*
855
27
593
400
400
63
156
150
150
23
4
*
*
334
424
135
196
111
42
29
16
*
7
10
2
8
64
4
33
1
26
29
5
35
52
51
4
36
27
104
2
*
327
250
2,054
1,061
276
3
35
9
5
1
1
3
22
133
13
26
2
72
325
205
77
31
1
307
3,263
1,768
752
13
26
91
98
30
38
8
37
8
36
248
3
3
6
327
250
77
697
4
34
90
6
20
18
13
7
2
*
2,258
1,253
756
43
37
10
62
35
78
61
40
11
All
other
2/
33
44
7
1
1,515
301
2,571
1,766
603
2,205
38
22
State and local
governments 6/
JDealers
Pension
and
and re
Other
brokers
tire
funds
ment
funds
2
335
167
6
47
513
110
269
3
343
4
193
2
22
392
*
198
4
8
260
714
496
631
123
177
3
93
263
93
4
*
68
2
68
89
28
1
41
25
18
46
204
164
Private
Mutual
Corpo pension
sav
rations and re
ings
tirement
banks 2/
funds
*
*
12
8
7
4
6
*
1
7
8
10
10
1
2
14
*
*
1
6
1
*
*
10
6
13
9
73
136
4
38
22
4
23
9
13
3
38
21
*
27
12
39
10
5
4
2
7
*
3
72
94
11
1
11
23
3
29
9
18
13
10
*
1
4
2
1
10
14
14
*
*
29
1
7
703
275
405
15
440
1
214
273
296
400
346
309
56
41
202
29
2
104
112
71
30
644
23
23
22
312
447
98
473
370
47
16
35
151
6
300
636
5
29
5
286
9
3
223
11
2
340
17
42
5 0
T re a s u ry B u lle tin
PtTBMf! D E B T
Table P D O - 6 - Allotments b y
OPERATIONS
Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/— C o n t i n u e d
(In millions of dollars)
Issues
Date of
financ
ing
Description of securities
Note "3/
/'3X//r(
7J
ci f 6*
3
^5-7/8* Note 3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/30/75
5/15/75
5/27/75
6/6/75
6/30/75
7/9/75
7/31/75
8/15/75
8/29/75
9/4/75
9/30/75
10/7/75
10/22/75
10/31/75
n-JL/i
7/
/w
J
JL*f
fy
12/31/15
1/6/76
1/26/76
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
2/28/77-F
8/31/76-L
7-3/4* Note - 11/15/81-B 8/
6*
Note - 5/31/76-M
6-1/2* Note - 3/31/77-G
1,665
1,662
1,762
1,580
2,576
- 5/15/90
- 11/30/76-N
- 4/30/77-H
- 8/15/78-E
- 5/15/82-A
- 5/15/00-05
6-3/4* Note - 5/31/77-1
6-1/2* Note - 10/31/76-0
6-1/2* Note - 6/30/77-J
1,247
1,507
8-1/4*
7-1/8*
7-3/8*
f 7-5/8*
/ 8*
18-1/4*
Bond
Note
Note
Note
Note
Bond
8/31/76
9/14/76
9/30/76
10/12/76
1,579
2,855
1,514
754
2,137
1,579
2,170
7-3/8*
6-3/8*
J7*
< 8*
(8-1/4*
6-5/8*
7-1/2*
Note
Note
Note
Note
Bond
Note
Note
- 6/30/79-E
- 7/31/77-K
- 5/15/78-F
- 8/15/82-B
- 8/15/95-00
- 8/31/77-L
- 9/30/79-F
- 9/30/77-M
- 2/28/78-G
- 12/31/78-H
- 10/31/77-N
- 11/15/82-C
- 8/15/95-00 8/
- 12/31/77-P
- 12/31/79-G
- 5/15/81-D
- 1/31/78-J
- 2/15/79-H
- 2/15/83-A
- 5/15/00-05 8/
- 11/30/77-Q
- 3/31/80-C
6-3/4*
7-3/8*
f6-1/2*
( 7-7/8*
1 7-7/8*
Note
Note
Note
Note
Bond
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
2,274
4,747
751
-
5/31/78-m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
2,485
2,185
2,639
2,586
2,855
8/15/79-J
C 8*
Note - 8/15/86-B
V8*
Bond - 8/15/96-01
6-5/8* Note - 8/31/78-Q
6-7/8* Note - 9/30/80-E
6-1/4* Note - 9/30/78-R
2,289
8,039
983
2,895
Note - 11/15/81-G
7-3/4* Note
7-1/2* Note
f7-7/8* Note
/ 8-1/8* Note
(8-3/8* Bond
8-1/4* Note
8-1/2* Note
8-3/8* Note
8*
Note
8-1/8* Note
7-1/2* Note
f 7-7/8* Note
\8-3/8* Bond
7-1/4* Note
7-1/2* Note
7-1/8* Note
7-5/8* Note
6-7/8* Note
7-5/8* Note
6-7/8* Note
C6-7/8* Note -
8/16/76
Amount issued
In
exchange
for
For
cash
other
securi
ties
7*
Footnotes at end of table.
1,782
1,516
3,051
2,016
801
2,021
2,081
3,193
2,11.5
2,517
3,156
2,518
1,001
2,553
2,006
2,020
2,511
3,092
6,019
402
2,628
2,069
3,065
2,628
U.S. Gov
ernment
accounts Commer
cial
and
Federal banks
Reserve 2/
banks 2/
-
_
269
-
2,300
1,233
850
2,300
1,234
850
-
1,465
691
251
1,187
-
162
824
1,156
-
1,372
902
313
-
1,372
902
313
10
961
436
1,819
847
217
1,188
-
33
384
150
212
33
5
384
150
212
-
-
1,693
1,144
217
1,610
1,010
1,600
1,939
215
-
-
1,121
189
1,600
1,939
215
-
97
300
472
117
97
300
472
117
1,252
1,675
1,761
91
1,508
1,030
82
82
-
-
692
692
-
-
-
-
-
2,141
2,869
700
1,476
592
54
326
700
1,476
592
54
326
2,543
-
-
Indi
vidu
als
U
945
910
69
36
879
1,018
1,296
266
77
773
830
33
92
Allotments by investor classes
State and local
governments 6/
Private
Insur Mutual Corpo
pension Pension
ance
sav
rations and re
compa ings
and re
tirement
Other
nies
banks 1/
tire
funds
funds
ment
funds
*
2
20
9
27
4
1
16
11
3
9
4
8
16
1
*
9
3
*
1
6
1
7
13
28
*
3
20
3
5
31
7
1
34
24
61
52
50
9
9
7
1
2
13
9
5
53
22
111
3
2
1
42
12
13
5
16
37
19
7
23
30
72
43
3
195
118
37
13
7
6
6
123
51
17
37
8
16
53
47
65
184
85
18
6
17
3
13
34
5
1,046
104
150
4
21
25
38
22
1
32
16
34
42
1,783
511
15
39
134
974
559
130
250
8
6
13
1
11
79
53
127
6
19
25
64
19
93
32
1,400
1,684
1,198
1,246
1,894
166
1,329
1,116
1,415
1,161
1,663
1,1§7
2,356
346
1,219
909
1,629
1,356
15
93
19
147
77
19
2
25
52
122
2,285
8
61
17
2
162
152
119
126
l,ia
12
68
178
134
94
59
180
3,548
29
85
121
65
88
15
11
19
117
5
11
9
26
17
122
2
3
19
6
18
12
13
35
11
29
101
32
25
22
32
23
44
1
13
16
12
13
20
26
7
17
126
13
62
12
11
24
44
n
168
3
2
83
86
46
36
55
49
496
9
36
40
121
38
26
407
40
158
32
78
101
24
irr
672
22
116
3
23
65
33
6
13
29
12
13
11
11
5
21
300
10
15
52
5
23
8
214
3
5
10
8
22
4
18
11
15
89
1
25
8
Dealers
and
brokers
414
489
720
290
677
676
486
518
960
604
344
563
All
other
2/
175
183
49
211
161
68
172
100
3
2
4
51
8
8
10
19
17
16
7
1
6
29
4
1
5
5
20
14
15
6
599
793
466
246
273
69
10
16
25
21
448
386
294
236
2
4
3
1
343
723
716
37
11
1
*
79
1
22
11
12
12
8
1,037
697
445
666
650
94
195
328
10
4
182
3
3
*
2
2
26
34
2
5
5
2
2
39
6
*
*
1
4
*•
*
39
40
*
33
70
344
12
7
20
18
44
21
14
3
1
6
3
1
46
36
*
7
7
4
17
14
82
19
42
31
19
7
24
7
513
545
642
772
595
815
89
250
568
648
561
852
358
346
469
506
588
632
1,038
748
m
113
18
6
162
132
109
42
192
393
175
101
340
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
71
5
35
12
179
479
673
770
5
7
471
235
592
829
116
51
April 1977
>PUBLICDEBT OPERATIONS*
Table PDO -6 . - Allotments b y Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ — Continued
(In millions of d o l l a r s )
Issues
Allotments b y investor classes
Amount issued
In
Date of
financ
ing
Description of securities
cash
5-7/8# Note
11/1/76
f6-1/4# Note
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
For
\ 7#
Note
ij-7/8# Bond
10/31/78-S
11/15/79-K
11/15/83-B
2/15/95-00 8/
11/30/78-T
Note
Note ■ 12/31/80-F
Note ■ 12/31/78-U
Note ■ 2/L5/82-D
5-7/8# Note
1/31/79-L
6-1/2# Note • 2/15/80-G
2/15/77
( 7-1/4# Note ■ 2/15/84-A
\ 7-5/8# Bond ■ 2/15/02-07
5-7/8# Note ■ 2/28/79-M
2/28/77
6-7/8# Note ■ 3/31/81-H
3/8/77
5-3/4#
5-7/8#
5-1/4#
6-1/8#
f
2,823
3,306
2,259
1,001
2,805
2,692
3,124*
2,697
2,855
3,308
2,024
752
2,695
2,809
exchange
for
other
securi
ties
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve 2/
banks 2/
70
50
98
70
50
136
136
252
252
1,300
881
391
150
1,300
881
391
150
1,307
1,227
906
313
1,176
1,234
1,168
1,329
Indi
vidu
als
u
46
67
140
31
34
43
37
51
l,147r
1,704
959
138
33*
100
120
51
1,001
1,274
34
70
Source:
rinsed on subscription and allotment reports. For detail of
offerings see Table FDO-4.
1/ Excludes 1-1/2# Treasury notes issued in exchange to holders of non
marketable 2-3/4# Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
4/ Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
Ins u r
ance
co m p a
nies
5
11
22
4
9
3
6
23
8
33
34
23
8
10
Mutu a l
mgs
banks
15
13
16
5
15
18
14
74
16r
40
13
6
17
17
Corpo
rations
2/
Private
pension
and re
tire
ment
funds
72
5
7
16
23
9
3
2
20
29
116
80
43
37
154
13
44
103
35
8
46
54
26
58
24
51
33
43
State and local
governments 6/
Pension
and re
tire
ment
funds
Other
Dealers
and
brokers
All
other
2/
funds
775
1,025
800
587
923
286
8
552491
8l6r
418
23
5
10
4
6
5
3
41
6r
44
16
1
953
861
1,035
667
899r
863
640
440
703r
355
56
8
4
4
804
616
782
618
6/ Consists of trust, sinking, and investment funds of State jid 1
governments and their agencies.
2/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than $500,000.
r Revised.
Treasury Bulletin
52
__ _________
PUBLICDEBT OPERATIONS
T a b l e P D O - 6 . - Allotments b y Investor Classes o n Subscriptions for Public M a r k e t a b l e Securities
Part B. - Bills O t h e r t h a n Regular W e e k l y Series
(In millions of dollars)
1
Date of
financing
Total amount issued
.... .
Date of
maturity
Average
rate
One-year
series
9-month
series 1/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
7/31/72
8/31/72
9/30/72
10/31/72
11/24/72
11/30/72
12/5/72
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
8/15/73
8/28/73
9/25/73
10/9/73
10/23/73
10/1/73
11/20/73
10/30/73
12/18/73
1/15/74
2/12/74
3/4/74
3A2/74
3/29/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/7/74
8/27/74
9/24/74
10/22/74
11/4/74
HA9/74
12/3/74
12/5/74
12/17/74
1/14/75
2/11/75
3/11/75
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
8/26/75
9/23/75
10/21/75
13/18/75
12/16/75
1/13/76
2/10/76
3/5/76
500
f 4/30/73
L 7/31/73
[ 5/31/73
\ 8/28/73
f 6/30/73
L 9/25/73
/ 7/31/73
^JL0/23/73
4.723
4.918
1,201
5.040
5.178
1,803
4/20/73
11/20/73
6/22/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
4/19/74
11/19/74
f 4/19/74
^ 6/21/74
12/17/74
1/14/75
2/11/75
4/19/74
3/11/75
6/21/74
4/8/75
5/6/75
6/3/75
7A/75
7/29/75
9/20/74
8/26/75
9/23/75
10/21/75
6/19/75
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
5.346
5.529
5.223
5.318
75
627
73
194
501
500
140
501
654
125
578
1,801
1,802
2,012
1,802
609
_
2,510
Commer
cial
banks
308
1,804
1,801
1,790
1,802
1,800
1,801
1*802
747
745
760
715
500
625
727
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423
1,504
618
2,500
392
539
400
_
1,805
1,802
1,804 £/
1,802
2,007
1,801
1,002 5/
2,000
6.880
6.948
6.342
7.452
6.897
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
7.362
7.426
7.520
6.625
6.378
5.313
5.637
6.474
-
600
-
1,801
757
1,801
1,802
1,802
l,80f
1,806
669
567
1,803
1)803
2,003
435
727
706
2,002
653
837
706
576
717
636
1,501 Z/
5.803
6.292
6.782
7.331
7.340
6.600
2,001
2,001
2,103
2,102
2,205
2,435
2,404
2,591
2,293
2,893
2,860
3,062
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
6.010
6.440
5.578
5.572
6.010
3,245
3,253
3,069
2,930
3,105
2,251
1,256
1
615
808
728
871
1,502
6.400
_
1,803
1,802
1,802
2,523 5/
7.887
639
-
1,516 y
8.306
421
-
642
759
536
-
_
_
684
600
695
640
385
723
695
708
790
806
587
795
1/
10
12
659
803
703
356
506
676
610
388
599
495
555
289
808
1,085
1,080
1,152
979
717
891
1,083
1
*
5
*
160
2
75
4
2
4
3
17
632
73
499
585
313
382
2
5
5
40
584
548
45
5
1
10.
-
1
*
26
_
_
11
11
6
11
12
15
21
7
10
1
f
135
408
474
135
255
544
276
1
6
£
1,438
861
431
524
891
Dealers
and
brokers
173
337
165
608
*
1,932
164
2,505
728
2,017
Corpo
rations
107
199
76
953
109
594
186
504
1,800
11/18/75
4A6/75
6/17/75
12/16/75
1/13/76
2/10/76
3/9/76
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
Footnotes at end of table.
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
All
other 4/
135
26
187
47
116
140
30
86
g
455
1
177
222
138
207
420
412
297
235
73
337
272
21
400
20
371
179
185
170
430
173
259
497
114
196
372
288
223
10
200
20
414
344
444
381
489
63
336
493
652
495
4
35
9
8
27
28
1
37
54
79
10
10
82
36
147
381
1,373.
331
361
436
582
495
629
709
640
809
925
1,027
501
718
19
12
47
99
6
735
628
943
786
971
8
2
215
3
315
346
305
208
135
1
150
145
113
114
305
40
213
439
326
2a
279
515
389
590
522
429
591
515
422
631
844
556
567
25a
April 2977
53
,PUBLICDEBTOPERATIONS.
Table P D O - 6 . - Allotments b y Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular W e e k l y Series— Continued
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
ipation
series 1/ series
52-week
series
(Percent)
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/31/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
2/8/77
2/7/78
3/8/77
3/7/78
5.344
5.226
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Reopening of one-year series.
2j Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Exclusive of banks and insurance companies.
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2/
Commer
cial
banks
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
3,105
691
3,208
984
899
1,070
1,042
455
932
545
646
956
Corpo
rations
2/
154
70
60
2
40
27
12
17
87
54
40
199
Dealers
and
brokers
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
786
739
All
other 4/
584
501
387
314
336
292
485
568
914
707
530
406
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
5/ Reopening of earlier issue.
6/ 42-week issue.
2/ Special issue.
Less than $500,000.
u
Treasury Bulletin
54
PUBLICDEBTOPERATIONS.
T a b l e P D O - 7 . - Disposition of Public M a r k e t a b l e Securities
O t h e r t h a n R e g u l a r W e e k l y T r e a s u r y Bills
Called or maturing securities 1/
Date of
refunding
or retire
ment
7/31/73
Issue
date
Description
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
Results of exnV\or\rr^
Exchanged
Turned
in for
cash 2/
-
-
_
I
-
A . 918* Bill
\ 5.223* Bill
-
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
l,20i\
50l)
8/15/73
/ 8-3/S* Note
V.
4$ Bond
_
8/15/73-B
8/15/73
2/15/70
9/15/63
1,839
3,894
1,514\
3,166|
8/28/73
5.178* Bill
-
8/28/73
8/31/72
1,803
1,803
-
-
-
f/19/73
9.803* Bill
-
9/19/73
8/15/73
2,017
2,017 2/
-
-
-
9/25/73
5.529* Bill
-
9/25/73
9/30/72
1,801
1,801
-
-
-
10/1/73
10/23/73
11/15/73
1-1/2* Note
5.318* Bill
4-1/8* Bond
5.225* Bill
5.337* Bill
10/1/73-E0
10/23/73
11/15/73
11/20/73
12/18/73
10/1/68
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
iA 5/74
5.986* Bill
-
1/15/74
3/31/73
1,804
1,804
2A 2/74
6.050* Bill
/■7-3/4* Note
v.4-1/8* Bond
-
2/28/73
8/15/70
1/15/65
1,801
2/15/74
2/12/74
2/15/74-C
2/15/74
2,960
2,466
1,801
2,621
1,902
3/12/74
4/1/74
4/9/74
6.616* Bill
1-1/2* Note
6.598* Bill
4A9/74
f 6.765* Bill
( 7.830* Bill
t.7.452* Bill
5/7/74
6.818* Bill
3/12/74
4/1/74-EA.
4/9/74
4A9/74
4A9/74
4/19/74
5/7/74
3/31/73
4/1/69
4/30/73
11/1/73
llA/73
11/1/73
5/31/73
1,790
34
1,802
2,007
1,002
1,516
1,800
34
1,802
2,00?\
1,002 J/
1,516/
1,800
5/15/74
f 7-1/4* Note
i 4-1/4* Bond
-
5/15/74-D
5/15/74
11/15/70
5/15/64
4,334
2,847
3,335
2,328
7.235* Bill
6/4/74
6/30/73
1,801
1,801
11/30/73
11/30/73
7/2/74
7/31/73
2,000
2,523
1,802
2,00(3\
-
6/21/74
6/21/74
7/2/74
f7.790* Bill
| 8.306* Bill
8.392* Bill
1,802
7/30/74
7.702* Bill
-
7/30/74
10/9/73
1,804
1,804
-
8/15/74
5-5/8* Note
-
8/15/74-B
8/15/68
10/284
4,401
5,883 11,/
8/27/74
8.387* Bill
-
8/27/74
8/28/73
1,804
1,804
9/20/74
9.652* Bill
-
9/20/74
8/7/74
1,526
9/24/74
8.057* Bill
-
9/24/74
9/25/73
1,802
9/30/74
$*
-
9/30/74-E
10/19/72
2,060
1,855
6/4/74
6/21/74
Note
999 2/'
519 10/
-
-
-
-
-
-
1,526 2/
-
-
-
1,802
-
-
-
Bill
Bill
Note
Bill
- 11/19/74
12/17/74
12/31/74-F
1A4/75
1,801
1,803
2,102
1,802
1,801
1,803
2,025
1,802
^5-3/4* Note
\ 5-7/8* Note
2/15/75-A
2/15/75-E
11/20/73
12/18/73
12/28/72
1A5/74
2A5/68
10/22/71
4,015
1,222
2,886
. 1,104
6.342* Bill
2/11/75
2/12/74
1,802
1,802
6.897* Bill
3/12/74
1,801
«
8.0A9& Bill
1-1/2* Note
7.887* Bill
7.426* Bill
8.4421j e m
3/11/75
3/31/75-FFB
4/1/75-EA
4/8/75
4/16/75
5/6/75
1,801
1,501
8
1,801
2,2512/
1 -fto?
Footnotes at end of table.
-
205 12/
2,204 l^ /
142 14/
4/9/74
12/3/74
3/7/74
-
-
_
1,501
-
-
2,523)2/
2/11/75
4/16/75
5/6/7.L
-
3,238
1,071
1,801
2,251
1.802.
-
1,802
»
-
342 £ /
542 & /
5,442
1,213
7.708*
6.880*
5-7/8*
6.948*
-
1,790
3/11/75
4/8/75
-
1,802
- 10/22/74
I
t
11/15/67
12/2/57
11/15/74
2/15/75
576 6,/
10/23/73
f 5-3/4* Note
^ 3-7/8* Bond
12/31/74
1/14/75
325 £
728 5/f
11/15/74-A
11/15/74
10/22/74
7.132* Bill
11/19/74
12A7/74
-
-
_
77 If / '
_
1,129 ll/
118 17,/
-
-
Description of new
securities offered
(See also Table PD0-4)
April 1977
55
_________ PUBLICDEBT OPERATIONS__________
Table PDO-7.
Other
than
- Disposition
of P u b l i c
Regular W e e k l y
(Dollar amounts m
Called or maturing securities 1/
Date of
refunding
or retire
ment
5/15/75
6/3/75
6/17/75
Issue
date
Amount
out
standing
5/15/75-B
- 5/15/75-F
5/15/68
4/3/72
- ' 6/3/75
6/17/75
7/1/75
7/29/75
- 8/15/75-C
6,760
7,679
1,802
1,256
Description
f 6$
Note
( 5-7/8$ Note
8.249$
7.520$
8.256$
7.836$
5-7/8$
Bill
Bill
Bill
Bill
Note
Marketable
Treasury
Securities
Bi lls— C o n t i n u e d
millions)
Disposition offers
by Treasury
Cash
Exchange
retire security
offered
ment
4,163 18/
200 12/
-
1,802
1,806
2,597
7,459
1,802
1,256 2/
1,802
1,806
7,679
1,000
5,092
1,000
Results of ex
change offers
Exchanged
-
Turned
in for
cash 2/
_
-
8/26/75
6.280$ Bill -
8/26/75
6/4/74
12/5/74
7/2/74
7/30/74
2/15/71
8/8/75
8/26/75
9.564$ Bill -
8/26/75
8/27/74
1,803
1,803
2,587 20/
-
9/18/75
9/23/75
9/25/75
9/30/75
10/1/75
6.175$ Bill -
9/18/75
9/5/75
9/23/75
9/24/74
9/25/75
9/5/75
9/30/75-1 8/24/73
10/1/70
- 10/1/75-E0
849
1,803
700
849
1,803
-
-
-
-
-
-
-
-
-
-
7/1/75
7/29/75
8/15/75
8.341$
6.156$
8-3/8$
1-1/2$
Bill
Bill
Note
Note
2,043
30
700
2,010
30
10/23/75
13/15/75
11/18/75
7.629$ Bill - 10/23/75
7$
Note - 13/15/75-D
10/22/74
8/15/71
2,003
3,115
2,003
2,581
7.362$ Bill
- 11/18/75
11/19/74
12/16/75
12/18/75
12/26/75
12/31/75
6.625$ Bill - 12/16/75
5.220$ Bill - 12/18/75
12/17/74
12/8/75
12/8/75
2,002
2,001
602
2,002
2,001
602
601
601
1/13/76
6.378$ Bill - 1/33/76
1,731
2,001
1,519
2,001
3/31/76
2/10/76
2/15/76
6.560$ Bill - 3/31/76
1,586
1,586
2,103
3,739
4,945
2,103
1,165
3,733
2,102
2,288
2,102
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6/29/76
6/30/76
7/27/76
8/L5/76
8/15/76
8/24/76
8/31/76
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
l/il/77
2/ g/77
2/15/77
2/28/77
3/ 8/77
3/31/77
4/1/77
4/5/77
5.140$ Bill - 12/26/75
7$
Note - 12/31/75-H
5.313$ Bill - 2/10/76
6-1/4$ Note - 2/15/76-A
5-7/8$ Note - 2/15/76-F
5.637$ Bill - 3/9/76
8$
Note - 3/31/76-H
1-1/2$ Note - 4/1/76-EA
6.474$ Bill -
4/6/76
5.823$ Bill - 4/22/76
4.834$ Bill - 4/22/76
6.400$ Bill - 5/4/76
6-1/2$ Note - 5/15/76-B
5-3/4$ Note - 5/15/76-E
6$
Note - 5/31/76-M
5.803$ Bill - 6/L/76
6.292$ Bill - 6/29/76
11/15/73
1/14/75
4/14/75
2/13/75
2/15/69
8/15/72
3/11/75
4/9/74
4/1/71
4/8/75
12/5/75
4/8/76
5/6/75
5/15/69
2/15/72
3/25/72
6/3/76
7/1/75
5/15/74
7/29/75
10/1/69
2/15/73
8/26/75
27
2,191
27
2,205
2,205
2,002
2,002
2,503
2,435
2,697
2,802
1,580
2,404
2,503
2,435
2,336
2,591
2,011
2,293
3,434
2,216
2,893
1,458
2,274
1,498
2,404
- 7/27/76
- 8/15/76-C
- 8/15/76-G
- 8/24/76
- 8/31/76-L
- 9/21/76
- 9/30/76-J
- ip/l/76-E0
- 10/19/76
- 10/31/76-0
- 11/15/76
- 11/15/76-D
- ll/30/76-N
- 12A4/76
- 12/31/76-K
- 1/11/77
- 2/ 8/77
- 2/15/77-A
- 2/28/77 -F
- 3/ 8/77
3/3/75
2,591
2,703
2,293
4,194
3,883
2,893
1,662
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
n/18/75
9/8/71
4/8/75
12/16/76
12/31/74
1/13/75
2A0/76
2/15/70
3/03/75
3/ 9/76
2,860
2,023
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
2,930
5,163
1,665
3,105
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,282
3,069
2,930
5,163
1,665
3,105
6-1/2$ Note - 3/31/77-G
1-1/2$ Note - 4/1/77-EA
5.781$ Bill - 4/5/77
3/31/75
4/1/72
4/6/76
2,576
5
3,203
2,576
5
3,203
8-3/4$ Note - 6/30/76-1
6.782$ Bill
7-1/2$ Note
6-1/2$ Note
7.331$ Bill
5-7/8$ Note
7.340$ Bill
8-1/4$ Note
1-1/2$ Note
6.600$ Bill
6-1/2$ Note
6.010$ Bill
6-1/4$ Note
7-1/8$ Note
6.440$ Bill
7-3/4$ Note
5.578$ Bill
5.572$ Bill
8$
Note
6$
Note
6.010$ Bill
Footnotes on following page.
-
-
-
-
-
-
-
33 23/
534 22/
-
-
-
-
-
-
2,522
1,232 25/
-
-
-
-
212 22/
-
97 26/
-
-
-
-
-
-
_
_
-
_
_
_
-
-
_
-
_
_
361 22/
528 28/
82 29/
692 JO/
1,102 Jl/
1,667 32/
54 22/
_
326 24/
-
_
-
_
-
-
-
-
_
-
_
_
-
-
-
-
_
_
_
98 25/
120 26/
136 22/
252 28/
_
2,572 22/
150 40/
-
-
_
-
_
-
-
-
523 £L/
-
Description of new
securities offered
(See also Table PD0-4)
Treasury Bulletin
56
.PUBLICDEBTOPERATIONS
Footnotes to T a b l e P D O - 7
Source:
Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2/ Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" below.
A/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4# notes of Series B-1977 and $92 million of 7-3/2#
bonds of 1988-93 issued August 15, 1973.
1/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4# notes of Series B-1977 and $233 million of 7-1/2#
bonds of 1988-93 issued August 15, 1973.
6/ Exchanged by Federal Reserve banks and Government accounts for $220
million of 7# notes of Series C-1979, $220 million of 7# notes of
Series H-1975 and $136 million of 7-1/2# bonds of 1988-93 issued
November 15, 1973.
1/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8# notes of Series C-1977, $25 million of 7# notes of
Series A-1981 issued Februaiy 15, 1974, and $10 million of 7-1/2#
bonds of 1988-93 issued Februaiy 28, 1974.
8/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7# notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2# bonds of 1988-93 issued Februaiy 28, 1974.
2/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4# notes of Series 1-1976 and $343 million of 8-3/4#
notes of Series C-1978 issued May 15, 1974.
10/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4# notes of Series C-1978 and $279 million of 8-1/2#
bonds of 1994-99 issued May 15, 1974.
22/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9# notes of Series D-1977, $2,461 million of 9# notes of
Series B-1980 and $486 million of 8-1/2# bonds of 1994-99 issued
August 15, 1974.
12/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4#
notes of Series J-1976 issued September 30, 1974.
13/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4# notes of Series E-1977, $949 million of 7-3/4# notes
of Series B-1981 and $196 million of 8-1/2# bonds of 1994-99 issued
November 15, 1974.
11/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2#
bonds of 1994-99 issued November 15, 1974.
15/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series K-1976 issued December 31, 1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8# notes of Series D-1978, $400 million of 7-3/8#
notes of Series C-1981 and $36 million of 7-7/8# bonds of 1995-2000
issued Februaiy 18, 1975.
17/ Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8# notes of Series D-1978 and $114 million of 7-7/8#
bonds of 1995-2000 issued February 18, 1975.
w Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8# notes of Series E-1978, $1,233 million of 8# notes
of Series A-1982 and $630 million of 8-1/4# bonds of 2000-05 issued
May 15, 1975.
19/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4#
bonds of 2000-05 issued May 15, 1975.
20/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8# notes of Series F-1978, $902 million of 8-1/8# notes
of Series B-1982 and $313 million of 8-3/8# bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal.Reserve banks and Government accounts for
8-3/8# notes of Series M-1977 issued September 30, 1975.
22J Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8# notes of Series C-1982 and $150 million of 8-3/8#
bonds of 1995-2000 issued November 17, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4#
notes of Series P-1977 issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
$368 million 7# notes of Series H-1979, $1,939 million 8# notes
of Series A-19$3 and $215 million of 8-1/4# bonds of 2000-05
issued Februaiy 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for 7#
notes of Series H-1979 issued Februaiy 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for 6-3/4# notes of Series K-1978 issued
March 31, 1976.
22/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8# notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8# bonds of 1995-2000 issued May 17, 1976.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2# notes of Series L-1978 and $196 million of 7 -7/8#
notes of Series A-1986, and $32 million of 7-7/8# bonds of
1995-2000 issued May 17, 1976.
29/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8#
notes of Series M-1978 issued June 1 , 1976.
20/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8#
notes of Series N-1978 issued iSFune 30, 1976.
Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8# notes of Series J-1979, $60 million of 8# notes
of Series B-1986, and $342 million of 8# bonds of 1996-2001.
Exchanged by Federal Reserve banks and Government accounts for $1 417
million of 8# notes of Series B-I986 and $250 million of 8# bonds'of
1996-2001
Anpust 16, 1076.
Exchanged by Federal Reserve banks and Government accounts for 6-5/8#
notes of Series Q-1978 issued August 31, 1976.
2k/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4#
notes of Series R-1978 issued September 30, 1976.
21/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series S-1978 issued November 1 , 1976.
2&/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-I/4# notes of Series K-1979 and $50 million of 7#
notes of Series B-1983 issued November 15, 1976.
37/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4#
notes of Series T-1978 issued November 30, 1976.
38/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4#
notes of Series U-1978 issued December 31, 1976.
39/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2# notes of Series G-1980, $881 million of 7-1/4#
notes of Series A-1984 and $391 million of 7-5/8# bonds of 2002-2007
issued February 15, 1977.
40/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8#
notes of Series M-1979 issued February 28, 1977.
41/ Exchanged by Federal Reserve banks and Government accounts for 6#
notes of Series N-1979 issued March 31, 1977.
21/
22/
22/
Note: Information on retirement of tax anticipation issues referred to
in footnote 3, in millions of dollars:
Date of
retirement
Securities
Total
amount
retired
9/20/74
4/16/75
6/17/75
Bill
Bill
1,5^6
2,251
402
184
1,124
2,067
Bill
1,256
426
830
Redeemed
for
taxes
Redeemed
for
cash
April 1977
57
PUBLICDEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
______________(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Securities
Bills
1975-June.
/ Certificates of indebtedness
N otes
(
Interest
rate
(Percent)
Issue
date
Maturity
date
3/05/75
3/17/75
6/05/75
6/05/75
6/19/75
12/04/75
12/02/74
12/06/74
3/03/75
3/03/75
3/12/75
3/13/75
3/13/75
3/18/75
3/19/75
3/19/75
3/19/75
3/27/75
4/01/75
4/01/75
4/02/75
4/07/75
4/07/75
4/08/75
4/29/75
5/06/75
5/06/75
5/06/75
5/06/75
5/06/75
5/12/75
5/12/75
5/14/75
5/15/75
5/15/75
5/20/75
5/23/75
5/23/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
6/03/75
6/03/75
6/03/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/27/75
6/27/75
6/02/75
6/05/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/19/75
6/19/75
6/27/75
7/01/75
7/01/75
7/02/75
7/07/75
7/07/75
7/08/75
7/29/75
8/06/75
8/06/75
8/06/75
8/06/75
8/06/75
8/12/75
8/12/75
8/14/75
8/14/75
8/15/75
8/20/75
8/22/75
8/22/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
9/03/75
9/03/75
9/03/75
9/03/75
9/03/75
9/12/75
9/12/75
9/15/75
9/18/75
9/19/75
9/27/75
9/27/75
7.40
7.25
5.45
5.45
5.65
5.65
5.65
5.40
5.40
5.40
5.40
5.55
5.60
5.60
5.60
5.60
5.60
6.05
5.75
5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.25
5.25
5.25
5.25
5.25
5.10
5.10
5.10
4.80
4.80
5.70
5.70
6/25/71
6/05/75
6/19/75
6/19/75
6/19/75
6/25/75
6/25/175
6/04/75
4/19/77
5/19/77
6/20/7?
6/25/82
6.55
6.90
6.79
6.79
6.83
7.84
4/09/75
4/15/75
4/17/75
4/17/75
4/21/75
7/10/75
7/10/75
7/17/75
7/17/75
7/24/75
1/09/75
1/28/75
3/06/75
4/08/75
4/10/75
4/17/75
4/24/75
4/28/75
4/28/75
4/30/75
5/02/75
5/05/75
5/05/75
5/06/75
5/07/75
7/10/75
7/17/75
7/17/75
7/17/75
7/24/75
10/09/75
1/08/76
10/16/75
10/16/75
10/23/75
7/10/75
7/29/75
9/04/75
7/08/75
7/10/75
7/17/75
7/24/75
7/28/75
7/28/75
7/30/75
8/01/75
8/05/75
8/05/75
8/06/75
8/07/75
Amount
Issued
Reti r e d
200
903
87
20
82
10
2
9
13
6
9
17
12
7
2
11
4
11
2
8
7
17
3
3
6
6
3
7
3
4
4
5
20
16
3
17
15
3
14
8
5
2
13
4
7
8
2
2
2
4
9
13
6
9
17
2
2
600
200
303
300
300
600
80
447
182
182
126
81
74
182
160
102
6.60
5.85
6.01
6.05
6.05
5.55
5.65
5.65
5.65
5.75
5.75
5.75
5.75
5.35
5.35
79
80
500
8
4
7
25
16
12
26
7
51
22
23
9
Total outstanding
end of month
58
Treasury Bulletin
PUBLICDEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—
Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
1975-July.
Issue
date
Securities
/Certificates of indebtedness
Certificates of indebtedness
8/07/75
8/08/75
8/08/75
8/12/75
8/12/75
8/13/75
8/15/75
8/14/75
8/20/75
8/20/75
8/20/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
9/12/75
9/12/75
9/18/75
9/19/75
10/10/75
10/10/75
10/16/75
10/24/75
10/28/75
1/27/76
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.10
5.10
4.80
4.80
6.20
6.20
6.05
6.25
6.30
6.70
f 7/07/71
7/14/71
< 7/07/75
] 7/14/75
L 7/17/75
7/07/75
7/14/75
7/07/82
7/14/82
7/18/77
6.75
6.70
8.00
7.85
7.50
5/15/75
8/14/75
8/14/75
11/13/75
J
\
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/14/75
5/14/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
6.01
5.75
5.35
5.20
5.20
5.20
5.20
5.20
5.10
5.10
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5/23/74
8/28/75
8/28/75
3/5/75
3/6/75
9/4/75
8/28/75
9/30/76
10/31/76
8.30
8.25
6.50
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/09/75
10/09/75
10/16/75
10/16/75
10/23/75
10/30/75
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
1/08/76
4/08/76
1/15/76
1/15/76
1/22/76
1/29/76
<
^
Certificates of indebtedness
Notes
Bills
Oct.
<
( Certificates of indebtedness
Notes
<
Issued
_
_
_
_
_
_
_
_
_
_
_
_
_
-
4
5.55
7.85
7
25
40
40
_
_
200
200
447
_
-
55
40
15
70
35
20
10
_
75
75
-
200
_
_
-
-
-
-
-
-
-
-
-
-
7/17/75
7/24/75
7/29/75
10/17/75
10/24/75
10/17/75
10/24/75
10/28/75
1/16/76
1/23/76
6.05
6.25
6.30
6.05
5.90
6/27/74
7/25/74
10/02/75
10/02/75
10/02/75
10/30/75
10/30/75
10/02/75
10/30/75
11/30/76
12/31/76
2/28/77
3/31/77
4/30/77
8.40
8.10
7.125
7.25
6.00
6.50
7.375
Re t i r e d
4
16
45
7
15
20
9
26
4
8
24
19
10
10
11
9
9
13
9
17
T o t a l outstanding
end of m o n t h
I
> 20.604
_
4
230
9/4/75
9/4/75
9/5/77
Amount
_
I
f
Sept.
Interest
rate
(Percent)
5/07/75
5/09/75
5/09/75
5/12/75
5/12/75
5/13/75
I 5/15/75
5/15/75
5/20/75
5/20/75
5/20/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
6/13/75
6/18/75
6/19/75
7/10/75
7/10/75
7/17/75
7/24/75
7/29/75
w 7/29/75
f
Aug.
Maturity
date
-
40
41
43
161
185
96
80
_
-
7
25
_
-
100
100
100
125
150
_
200
200
_
_
227
500
55
40
15
70
20
10
35
2
1
2
> 19,952
_
-
300
_
200
82
-
248
80
81
160
182
102
1
> 19,869
I
<
-
7
25
40
L A7
IQjAOI
\
WA
_
300
275
_
_
_
_
J
A p r il 1 9 7 7
59
PUBLICDEBT OPERATIONS.
Table P DO - 8 . - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts m millions)
M o n t h of
activity
s
Bills
1 9 7 5 - N o v ....................
Issue
date
Maturity
date
f
\
8/14/75
11/13/75
11/13/75
2/13/76
f
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
Securities
Certificates of indebtedness
Interest
rate
(percent)
_
Amount
Issued
_
Retired
230
-
233
-
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2 /13/76
2/13/76
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
55
40
70
35
20
10
15
55
40
15
70
35
20
10
-
>
Notes
r
J
\
L
8/22/74
11/28/75
11/28/75
11/28/75
11/28/75
6/30/77
7/31/77
10/31/77
8.90
6.50
7.50
7.50
100
100
100
240
-
3/05/75
6/05/75
12/04/75
12/04/75
12/16/75
12/04/75
3/04/76
6 /03/76
_
-
-
Bills
f
J
\
^
-
40
47
200
87
-
f
10/17/75
10/24/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
1/16/76
1 /23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
1/16/76
1/23/76
2/13/76
2/13/76
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
8
30
66
48
163
15
196
7
25
55
40
10
20
35
70
15
8
10
-
-
200
-
/ Certificates of indebtedness
Notes
r
)
\
I
£
(
<
Bills
( Certificates of indebtedness
k
)
\
Notes
Bills
r
J
\
I
<
9/ 19/74
12/18/75
12/16/77
5/15/78
8/15/78
12/16/75
12/18/75
12/18/75
7/10/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
0/08/76
1/08/76
3/15/76
1/15/76
1/22/76
3/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
7/29/75
12/02/75
12/02/75
1/27/76
1/23/76
2/05/76
10/ 24/74
1/ 29/76
1/29/76
1/29/76
11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
,
1/29/76
10/31/77
8/15/78
11/15/78
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
8.35
7.30
7.125
7.625
6.70
5.90
5.60
7.80
7.50
7.625
6.00
-
Total outstanding
end of m onth
19,684
-N
-
200
150
100
19,966
>
20,002
-
-
40
40
35
187
163
97
40
120
74
41
185
161
96
40
80
-
40
20
25
50
50
150
175
-
40
236
40
60
60
V
\
-
233
40
40
120
~
s
Treasury Bulletin
60
.PUBLICDEBTOPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—
Continued
_______________ (Payable in U.S. dollars; dollar amounts in millions)__________
Month of
activity
Securities
1976-Feb.
Certificates of indebtedness
Bills
Certificates of indebtedness
Notes
Apr.
Certificates of indebtedness
Notes
Bills
May.
Certificates of indebtedness
Bills
June.
( Certificates of indebtedness
Notes
Bills
July.
^Certificates of indebtedness
Issue
date
Maturity
date
10/09/75
1/15/76
1/15/76
1/22/76
4/08/76
4/15/76
4/15/76
2/06/76
2/06/76
3/09/76
3/16/76
3/18/76
4/01/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
5/05/76
5/05/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4/15/76
4/15/76
4/22/76
10/07/76
10/14/76
7/15/76
5/06/76
5/06/76
6/09/76
6/16/76
6/18/76
1/31/78
2-06-76
2-13-76
5-06-76
5-13-76
2-06-76
2-13-76
2-13-76
2-13-76
2-13-76
2-13-76
3-19-76
5-06-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
5-06-76
5-13-76
11-04-76
11-12-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
6-18-76
8-06-76
8—06—76
8-13-76
8-13-76
8-13-76
8-13-76
8-13-76
12/04/76
1/08/76
2/26/76
6/03/76
5/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
6/25/76
11/15/82
3/31/78
7/29/76
7/15/76
10/14/76
8/26/76
8/13/76
8/13/76
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
9/04/75
2/26/76
3/04/76
3/04/76
3/25/76
2/05/76
2/13/76
2/13/76
2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
7/19/72
3/22/76
6/25/71
6/25/76
6/28/76
2/26/76
4/15/76
7/15/76
7/29/76
5/13/76
5/13/76
7/07/71
7/07/76
7/14/76
7/07/76
7/14/76
8/15/76
Interest
rate
(percent)
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
Amount
Issued
Retired
42
48
163
15
196
Total outstanding
end of month
20,090
42
15
48
54
20
163
26
196
15
80
40
40
40
40
27
26
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
11
13
4
26
5.75
7.60
500
20,070
500
42
163
187
97
43
192
165
20
19
11
13
4
4.85
4.85
5.10
5.00
5.00
6.375
20,013
100
40
236
40
243
4.85
4.90
4.90
4.90
4.90
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
9
15
54
147
15
196
26
> 19,916
54
147
15
196
54
47
35
60
47
5.10
6.65
7.60
6.75
20
600
600
100
60
165
167
60
25
20
200
200
100
5.10
5.10
6.85
6.80
7.50
7.65
7.55
200
200
19,901
April 1977
61
PUBLICDEBT OPERATIONS
Table PDO-8. -ForeignSeries Securities (Nonmarketable)
Issued to Official Institutions of ForeignCountries—
Continued
_____________ (Payable in U.S. dollars; dollar amounts in millions)
Monbh of
activity
1976-Aug.
Securities
Maturity
date
Interest
rate
(percent)
3/4/76
7/29/76
8/5/76
8/26/76
8/5/76
8/26/76
9/2/76
9/30/76
Certificates of indebtedness
5/13/76
5/13/76
5/13/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
5.10
5.10
5.10
5.20
5.20
8/28/75
8/28/75
10/2/75
10/2/75
3/04/76
8/05/76
9/02/76
8/6/76
8/9/76
8/9/76
8/10/76
8.25
6.50
7.125
7.25
8/13/76
8/13/76
9/21/76
9/24/76
3A5/72
9/15/76
4/08/76
4/15/76
7/15/76
10/07/76
10/14/76
10/14/76
10/14/76
9/15/76
2A5/81
10/07/76
10/14/76
10/14/76
1/06/77
4/14/77
1/13/77
1/13/77
2.50
7.375
8/13/76
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
10/29/76
11/12/76
11/12/76
12/09/76
1/28/77
4/29/77
7/29/77
10/28/77
5.20
5.20
5.10
4.95
5.25
5.35
5.50
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
5/06/76
5/13/76
11/04/76
11/12/76
9/30/78
8/15/81
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
10^29^76
11/12/76
1/28/77
5.20
4.95
3/31/77
6.50
7.75
7.75
Certificates of indebtedness
Notes
Bills
Certificates of
indebtedness
Issued
Retired
Total outstanding
end of month
40
60
Bills
Bills
Sept.
Issue
date
20
60
9/02/76
9/02/76
9/30/76
82
15
196
19,368
62
211
75
75
100
100
40
20
60
10
25
19,215
158
160
43
192
167
-
43
197
169
169
15
196
200
143
144
144
144
Oct.
Notes
Bills
Nov.
i Certificates of
indebtedness
Notes
10/30/75
11/04/76
Bills
100
96
96
96
96
48
48
40
243
40
250
3/25/76
6/03/76
12/02/76
12/09/76
12/14/76
12/28/76
11/15/81
11/15/81
12A4/76
12/02/76
6/02/77
3/10/77
4/14/77
3/31/77
10/01/76
10/29/76
12/01/76
5/29/75
10/30/75
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
10/07/76
1/06/77
1/06/77
6/09/77
-
10/29/76
12/31/76
1/28/77
3/31/77
4.95
4.30
5/29/75
1/28/77
1/28/77
5/15/82
6.65
8.00
11/12/76
400
27
36
125
200
200
40
47
-
47
240
40
300
Dec.
►
Certificates of
indebtedness
Notes
Bills
1977-Jan.
20,908
Certificates of indebtedness
Notes
5.10
4.95
4.30
6.65
7.375
20,753
200
60
15
300
150
43
43
47
15
300
300
20,689
Treasury Bulletin
62
PUBLICDEBT OPERATIONS,
Table P DO -8 . - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Co ntinued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Issue
date
Securities
Maturity
date
Interest
rate
(percent)
Issued
_
5.25
6.90
6.00
9.00
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
40
30
_
_
300
200
100
500
260
500
Amount
Retired
f
"V
Bills
1977-Feb..............
Total outstanding
end of month
j
\
Is.
< Certificates of indebtedness
Notes
(
I
|
S'
Bills
f
<
v
Mar.............. J Certificates of indebtedness
\
(
Notes
Source: Rurean of the Public Debt.
•* Less than $500,000.
11/04/76
2/03/77
2/23/77
10/29/76
5/29/75
10/02/75
2/28/77
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
12/09/76
12/28/76
2/23/77
10/29/76
3/10/77
3/31/77
5/26/77
4/29/77
7/19/72
9/15/72
5/27/75
3/10/77
3/15/77
3/22/77
3/25/77
3/31/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11/15/79
12/31/80
40
-
1
45
20,575
300
100
240
300
5
<
20,617
56
500
157
260
-
>
J
April 1977
63
PUBLICDEBTOPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity-
1972-July,
Aug.,
Sept,
Payable
in —
{
Maturity
date
Interesrate
(percent
issued
7/21/72
1/19/73
7/3/72
3.50
4.375
5.28
114
Notes
1/21/72
7/21/72
7/3/67
Certificates of indebtedness
f Swiss francs
\ Swiss francs
2/4/72
8/4/72
8/4/72
2/2/73
3.625
4.25
57
Notes
f Swiss francs
\ Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
J German marks
/ Swiss francs
| Swiss francs
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
59
C Swiss francs
J Swiss francs
| Swiss francs
v.Swiss francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
| German marks
I Swiss francs
/ Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
114
francs
francs
francs
francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
f Swiss francs
1 Swiss francs
8/4/72
2/2/73
2/2/73
8/2/73
4.25
5.75
57
German marks
Nov..
Notes
Certificates oi indebtedness
V*
1973-Jan.,
C Swiss
/ Swiss
\ Swiss
V*Swiss
Certificates of indebtedness
Notes
Notes
Certificates of indebtedness 2/
Notes 2/
Apr.
Certificates of indebtedness
Certificates of indebtedness
1,999
56
28
153
57
1,850
28
31
1,852
153
275
26
1,710
29
32
114
8/19/69
2/19/73
3.05
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
129
f Swiss francs
\ Swiss francs
1/19/73
2/2/73
7/19/73
8/2/73
5.25
5.75
10
5
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
/ Swiss francs
\ Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
11/20/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051'
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
3
26
2
3
4
fSwiss francs
) Swiss francs
\ Swiss francs
vjSwiss francs
1/5/72
1/17/72
4/5/73
4/17/73
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
j Swiss francs
\ Swiss francs
1/19/73
7/19/73
7/19/73
1/18/74
5.25
6.125
i'lA
33
43
1,713
57
1,561
154
111
1,578
1,743
25
148
29
170
124
1,746
2/2/73
8/2/73
5.75
62
francs
francs
francs
francs
francs
francs
francs
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
4.55
8.70
8.25
8.125
8.20
391
37
383
1,758
German marks
3/3/72
10/2/73
2.051
172
1,586
JSwiss francs
\Swiss francs
9/1/72
11/30/73
11/30/73
2/28/75
5.50
6.98
33
jSwiss francs
\Swiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
/Swiss francs
\Swiss francs
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
Swiss francs
(Swiss
Swiss
J Swiss
( Swiss
ISwiss
Swiss
(jSwiss
Footnotes at end of table.
Total outstanding
end of month
76
f Swiss francs
I Swiss francs
b
Retired
111
/ Swiss francs
Swiss francs
German marks
Certificates of indebtedness
Oct..
Dec.
Issue
date
64
38
400
38
32
127
1,588
65
67
Treasury Bulletin
64
.PUBLICDEBT OPERATIONS.
T a b l e P D O - 9 . - Foreign C u r r e n c y Series Securities { N o n m a r ke tab le )
Issued to Official Institutions of Foreign Countriesl— C o n t i n u e d
(Dollar amounts in millions)
Month of
activity
1974-Feb.
Payable
in —
Securities
Notes
Notes
f Swiss francs
} Swiss francs
Nov.
1975-Jan.
Notes
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
8.40
8.60
24
15
50
Swiss francs
Swiss francs
3-09-73
6-07-74
6-07-74
9-08-75
6.625
8.35
129
’Swiss francs
Swiss francs
1-18-74
7-18-74
7-18-74
1-20-75
8.05
7.90
127
r Swiss francs
4-05-73
4-17-73
7-05-74
7-17-74
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
29
170
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
7/18/74
1/20/75
1/20/75
4/20/76
7.90
6.97
127
Swiss francs
Swiss francs
11/30/73
2/28/75
2/28/75
5/28/76
6.98
6.10
33
Swiss francs
’Swiss francs
1/7/74
T/7/75
4/7/75
7/7776
7.07
6?8'8
67
33
36
\ Swiss francs
Swiss francs
f Swiss francs
J Swiss francs
S Swiss francs
V* Swiss francs
J
Swiss francs
\ Swiss francs
V.Swiss francs
Swiss
Swiss
Swiss
Swiss
( Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
J Certificates of indebtedness
| Notes
Notes
Apr.
May.
Notes
Notes
July,
Notes
Sept,
Notes
Oct.
Notes
Nov.,
Note?
1976-Feb.
Mar.
Notes
Issued
5.40
5.25
6.60
6.60
Certificates of indebtedness
Notes
Interest
rate
(percent)
Amount
(Dollar equivalent)
2/06/74
2/20/74
5/06/75
5/20/75
Notes
July.
Maturity
date
13/06/72
13/20/72
2/06/74
2/20/74
Apr.
June.
Issue
date
Swiss
) Swiss
Swiss
Swiss
8.40
francs
francs
francs
francs
2/06/74
2/20/74
5/06/75
8/20/75
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
6.40
C Swiss francs
J Swiss francs
< Swiss francs
] Swiss francs
Swiss francs
3/11/74
3/13/74
6/11/75
6/11/75
6/13/75
6/11/75
6/13/75
9/10/76
12/10/76
6/14/76
7.15
7.25
6.21
6.39
5.79
Swiss francs
Swiss francs
Swiss francs
Swiss francs
'"Swiss francs
Swiss francs
4/08/74
4/29/74
7/08/75
7/29/75
7/08/75
7/29/75
10/08/76
10/29/76
6/7/74
9/8/75
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
13/03/74
13/20/74
2/02/76
2/20/76
9/8/75
3/8/77
10/06/75
10/17/75
4/06/77
4/18/77
11/26/75
5/26/77
2/02/76
2/20/76
8/02/77
8/19/77
8.40
8.60
7.15
7.35
8.35
7.75
8.55
8.40
7.70
7.25
7.35
6.95
7.94
7.30
6.08
6.35
11/29/74
3/01/76
3/01/76
9/01/77
7.30
6.40
fSwiss
J Swiss
\ Swiss
V.Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
Swiss francs
Retired
32
35
33
36
Total outstanding
end of month
1,589
311
29
1,597
23
14
49
1,599
318
30
129
1,599
127
29
170
1,599
64
38
400
38
64
38
1.599
400
38
127
33
1.599
1.599
67
1,59$
33
36
1.599
318
30
148
170
30
1.599
38
50
38
50
129
129
1.599
400
1.599
64
38
1.599
38
1.599
64
38
38
1.599
29
170
29
170
400
1.599
65
A p r il 19 7 7
________PUBLICDEBTOPERATIONS_________
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Dollar amounts in millions)
Month of
activity
1976-Apr......
Securities
Notes
Payable
in —
J Swiss francs
\ Swiss francs
May......
Notes
June.....
Notes
July.....
Notes
Aug........
Sept.....
Oct......
Nov......
Dec......
1977-Jan......
Notes
Notes
Notes
Notes
Notes
f Swiss
\ Swiss
f Swiss
\ Swiss
J Swiss
\ Swiss
francs
francs
francs
francs
francs
francs
f Swiss francs
) Swiss francs
\ Swiss francs
L Swiss francs
Issue
date
Maturity
date
Interest
rate
(percent)
1/20/75
4/20/76
2/28/75
5/28/76
4/20/76
10/20/77
5/28/76
11/28/77
6.97
6.10
6.10
7.05
6/13/75
6/14/76
6/14/76
12/14/77
4/07/75
7/07/76
5/6/75
5/20/75
8/6/76
8/20/76
7/07/76
1/06/78
8/6/76
8/20/76
2/6/78
2/20/78
Amount
(Dollar equivalent)
Issued
Retired
Total outstanding
end of month
127
J
1,599
/
1,599
127
33
33
5.79
6.75
6.88
6.70
67
6.80
6.40
6.50
6.35
33
36
30
}
J
1,599
67
-
J
1,599
^
1,599
}
1,599
^
1,599
30
-
33
36
148
f Swiss
1 Swiss
j Swiss
1 Swiss
francs
francs
francs
francs
6/11/75
9/10/76
9/10/76
3/10/78
-
7/08/7-5 <
10/8/76 i
10/8/76
4/07/78
7.15
5.95
38
J Swiss
^Swiss
Swiss
j Swiss
/ Swiss
| Swiss
francs
francs
francs
francs
francs
francs
7/29/75 '
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
10/29/76
4/28/78
7.35
5.80
50
12/10/76
12/10/76
3/08/77
6/09/78
6.39
6.39
7.75
5.25
-
148
38
50
137
20
150
20
-
1,579
^
1,546
Notes
Swiss francs
9/08/75
3/08/77
7.75
26
1,520
Feb.......
Notes
Swiss francs
9/08/75
3/08/77
7.75
26
1,494
Mar.......
Notes
fSwiss francs
/Swiss francs
)Swiss francs
9/08/75
10/06/75
3/08/77
3/08/77
4/06/77
9/08/78
7.75
7.70
5.90
Source:
Bureau of the Public Debt.
1/ The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the note was
-
56
26
^
1,461
50
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
66
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Series E and Series H are the only savings bonds cur
April 30, 1957. Details of the principal changes in issues,
rently sold. Series E has been on sale since May 1, 1941,
and Series H has been on sale since June 1, 1952.
Series
interest yields, maturities, and other terms appear in the
Treasury Bulletins.of April 1951, May 1952, May 1957, 0ct6ber
and December 1959, May and October 1961, June 1968, and
A - D were sold from March 1, 1935 through April 30, 194-1.
Series F and G were sold from May 1, 1941 through April
30, 1952. Seri es J and K were sold from May 1, 1952 through
September 1970; and the Annual Report of the Secretary of
the Treasury for fiscal years 1966 through 197.A.
T a b l e SB-1. - Sales a n d R e d e m p t i o n s b y Series, C u m u l a t i v e t h r o u g h M a r c h 31, 1977
•(In millions of dollars)
Amount outstanding
Series
Series
Series
Series
Series
A-D 2/..
E and H.
F and G.
J and K.
Total A-K....
Sales 3/
Accrued
discount
Sales plus
accrued
discount
3,949
192,308
28,396
3,556
1,054
49,616
1,125
198
5/003
241,924
29,521
3,754
5',000
168,887
29,505
3,751
73,037
228,208
51,993
280,201
207,143
73,037
Redemptions 1/
Interestbearing debt
Matured
non-interestbearing debt
16
3
Footnotes at end of Table SB-4.
Table SB-2. - Sales a n d R e d e m p t i o n s b y Periods, All Series C o m b i n e d
Redemptions 1/
Period
fiscal years:
1935-67.........
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
T.Q............
Calendar vears:
1935-66.........
1967............
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
Months:
1976-Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1977-Jan.......
Feb.......
Mar.......
Sales 1/
Accrued
discount
170,678
4,739
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
27,424
1,735
1,789
1,841
2,056
2,310
2,564
2*,749
3,252
3,496
902
168,061
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
Sales plus
accrued
discount
Amount outstanding
Matured
non-interestbearing debt
Total
Sales
price 1/
Accrued
discount 2/
198,102
6,473
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
146,800
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
132,033
4,978
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
14,766
1,003
1,102
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
88
82
82
55
46
39
34
29
27
23
22
26,599
1,686
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
194,660
6,584
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
143,745
5,793
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
129,471
4,842
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
14,274
951
1,040
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
164
126
112
64
50
42
37
31
26
25
17
679
673
648
603
632
642
558
586
600
633
290
306
281
301
326
284
292
306
296
315
969
980
929
904
572
578
504
566
959
926
850
893
896
948
569
594
554
532
505
605
442
448
391
441
445
466
435
420
393
475
131
130
112
124
124
127
120
112
111
130
68,567
68,968
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
25
25
24
23
22
23
22
21
21
17
677
668
711
345
306
307
1,022
973
1,018
641
568
621
504
447
481
137
121
140
72,234
72,640
73,037
17
17
22
Footnotes at end of Table SB-4.
Interestbearing debt
April 1977
67
________ UNITEDSTATES SAVINGS BONDS________
Ta ble SB-3. - Sales a n d R e d e m p t i o n s b y Periods, Series E
through K
(In millions of dollars)
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accured
discount
Total
Sales
price 2/
Amount outstanding
Matured
non-interestbearing debt
Accrued
discount 2/
Interest-bearing
debt
12,555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
_
_
_
-
68,567
_
Series E and H Cc)mbined
Fiscal vears:
1941-67................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
Calendar, gears:
1941-66................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
Months:
1976-Mar*........ ......
Apr...............
May...............
June..............
July..............
Aug....... .......
Sept...............
Oct...............
Nov...............
Dec...............
Feb...............
Mar...............
Fiscal years;
1941-67................ .
1968.................. .
1969...................
1970.................. .
1971.................. .
1972.................. .
1973.................. .
1974.................. .
1975.................. .
1976.................. .
T.Q................... .
Calendar yea^s,:
1941-66................ .
1967.................. .
1968.................. .
1969.................. .
1970.................. .
1971.................. .
1972.................. .
1973.................. .
1974.................. .
1975.................. .
1976.................. ,
Months:
1976-Mar............... .
Apr............... .
May.............
June.............. .
134,778
4,739
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
132,161
4,898
4,696
4,393
4,665
5,477
25,051
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
24,230
1,680
1,757
1,832
1,909
159,829
6,470
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
109,012
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
96,457
4,739
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
156,391
6,578
6,452
6,224
6,574
7,669
106,179
5,439
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
6,762
94,120
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
12,059
919
1,017
1,173
572
578
503
565
568
595
553
531
504
601
441
448
391
441
444
467
433
419
393
472
131
504
973
1,018
641
568
621
33,269
32,793
6,236
2,192
2,426
6,270
6,862
7,038
7,555
2,673
2,994
3,368
3,597
10,406
679
673
648
603
290
969
306
281
301
326
8,662
8,943
9,856
11,152
980
306
929
904
959
926
850
893
296
315
896
948
677
345
1,022
711
307
632
642
558
586
600
633
668
31,951
284
292
306
1,318
4
1
4
1
Footnotes at end of Table SB-4.
6,198
266
140
27
8
6
5
5
1
_
_
31,951
1,315
6
2
*
_
4
1
33,266
6
2
*
32,572
353
218
74
13
7
5
5
5
1
8
_
*
*
_
July..............
Aug...................
Sept..............
Oct...............
Nov...............
Dec...............
1977-Jan...............
Feb..... ......... .
Mar............
5,715
-
1,221
1,020
1,049
1,234
1,353
1,331
1,481
130
112
124
123
128
119
112
111
129
137
. 121
140
$
31,524
239
124
24
7
5
4
4
1,269
27
16
■*
*
*
31,322
1,250
32
23
321
194
65
11
6
5
4
9
2
1
1
1
1
4
*
•*
6
2
*
*
*
*
*
1
1
1
1
1
-1
1
1
1
*
4
*
*
*
*
*
*
*
1
1
69,394
69,733
70,428
71,079
70,752
71,113
71,506
71,853
72,234
72,640
73,037
397
140
-
-
-
-
_
-
-
-
_
_
_
-
80
75
76
49
41
34
30
25
24
20
19
540
229
27
155
118
105
58
44
37
32
27
22
21
13
91
oci
<
-L
01
C
.X
on
dSJ
19
on
cU
19
1&
±0
J.0
13
*
*
*
*
*
■Jf
*
-
68,968
3
1
1
1
1
1
3
1
_
_
_
_
-
“
13
13
18
Treasury Bulletin
68
.UNITEDSTATES SAVINGSBONDS.
Table SB-3. - Sales andRedemptions byPeriods, Series EthroughK—
Continued
__
Period
Sales %/
_______________ (In millions of dollars)
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Amount
outstanding
(interestbearing debt)
Sales
price 2/
Accrued
discount 2/
Exchange of
E bonds for
H bonds
1,622
196
I84
210
231
292
338
310
310
326
80
42,959
43.805
44,205
44,167
45,902
48,598
51.806
54,234
57,617
61,648
62,621
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63.676
Series E
Fiscal years;
1941-67.____
1968.......
196 9
197 0
iyn .....
197 2
197 3
197 4
197 5
197 6
T.Q.......
Calendar years:
1941-66....
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Months;
1976-Mar. ..*...
Apr.....
May.....
June....
July....
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1977-Ja...... n
Feb.....
Mar.....
124,707
4,466
4,343
4,289
4,870
5,650
6,190
6,145
6.503
6,975
1,761
25,051
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
149,758
6,196
6,131
6,130
6,926
7,960
8.755
8,894
9.755
10,471
2,663
105,177
5,154
5,548
5.959
4.959
4,972
5,209
6,156
6,063
6,114
1,611
92,622
4,178
4,462
3,877
3,932
4,118
4,842
4,717
4,705
1,241
12,555
976
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
122,276
4,574
4,452
4,221
4.503
5,218
5,922
5,988
6,524
6,729
7,245
24,230
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
146,506
6,255
6,209
6,052
102,599
4,941
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
90,540
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
12,059
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,510
207
191
180
228
249
329
319
649
643
620
584
608
615
537
566
576
611
290
306
281
301
326
284
292
306
296
315
939
949
901
533
540
403
411
356
399
131
130
112
124
123
128
119
112
111
129
31
27
25
29
26
26
28
26
26
27
60,528
60,909
61,316
641
642
679
345
306
307
137
121
140
31
26
28
64,027
64,414
64,790
_
1,622
196
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8.084
8.131
6,412
7,411
8,348
8,661
9,518
10,097
10,841
884
934r
899r
829r
872
872
926
986
948
468
523
536
556
519
499
471
566
6O4
534
582
413
428
400
387
360
437
466
412
442
310
326
327
61,648
62,325
62,964
62,621
62,968
63,343
63.676
Series H
Fiscal years:
1952-67...
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
Calendar years;
1952-66.....
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Months;
19764*ar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
Oct......
Nov......
Dec......
1977-Jan......
Feb......
Mar......
Footnotes at end of Table SB-4.
10,071
273
207
160
212
-
-
284
324
318
72
-
9,885
324
244
172
162
259
314
282
338
309
310
_
-
289
322
30
30
28
19
24
27
21
21
24
22
36
26
32
_
_
_
-
-
-
_
_
10,071
273
207
160
3,835
561
650
762
457
359
372
519
455
425
104
3,835
561
650
762
457
359
372
519
455
425
104
9,885
324
244
172
162
259
314
282
338
309
310
3,580
497
615
730
655
3,580
497
615
730
655
353
465
506
404
427
353
465
506
404
427
30
30
28
19
39
38
35
42
39
38
35
42
24
27
21
21
24
22
31
39
34
32
33
34
38
34
39
31
39
34
32
33
34
38
34
39
212
289
322
284
324
318
72
36
26
32
366
366
_
184
210
_
_
_
_
_
326
-
80
_
_
_
_
_
_
_
_
_
1,510
207
191
-
_
_
-
-
-
-
231
292
338
310
310
180
228
249
329
319
310
326
327
31
27
25
29
26
26
28
26
26
27
31
26
28
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8.177
8,039
8,059
8,077
8.084
8,103
8,116
8.131
8,146
8,163
8.177
8,207
8,225
8,247
April 1977
69
.UNITEDSTATES SAVINGS BONDS.
Table SB-4. - R e d e m p t i o n s of M a t u r e d a n d U n m a t u r e d Savings B o n d s
(In millions of dollars)
Unmatured
Matured
Period
Fiscal years,:
1951-61...
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
Calendar yeays;
1951-60....
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
Months:
1976-Mar...
Apr...
May...
June....
July.
Aug..
Sept.
Oct..
Nov..
Dec..,
1977-Jan..
Feb..
Mar..
Total
Total
Series E
and H
Other
Total
Series E
and H
113,654
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
32,587
2,593
2,250
2,057
2,184
2,253
2.471
2,548
2,560
2,792
2,490
2.043
2,126
2,729
2,544
2,820
797
17,010
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2.481
2,036
2,121
2,724
2,545
2,816
794
15,577
925 S/
657 2/
304
246
280
75,145
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
44,816
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
71,804
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
31,005
2,555
2,387
2.043
2,171
2,148
2.472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
16,139
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2.481
3,275
14,896
922
730
426
282
216
391
345
209
84
15
8
6
3
5
*
8
40,799
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
31,217
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
572
578
504
566
568
594
554
532
504
605
333
196
278
242
301
207
255
134
269
618
333
196
277
241
299
208
253
133
269
618
239
382
226
324
268
386
299
398
235
-17
239
382
226
324
268
386
299
398235
-17
641
568
621
301
353
304
301
353
304
340
215
317
340
215
317
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue price, and redemptions and amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April .1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, thay exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
412
260
143
29
9
7
5
5
-1
4
3
4/
5/
6/
2/
8/
2/
10/
*
6/».
2/ L
8/2/
2/
Other
31,922
196
139
140
118
104
79
25
6
9’ I&
175
125
131
111
107
44
13
2
Unclassified
10/
9,890
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
-158
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4$
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4% marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4$ marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8$ marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8$
marketable bonds of 1971 and 4$ marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
Treasury Bulletin
70
.UNITEDSTATES SAVINGSNOTES.
demption and information on investment yields of savings
United States savings notes were on sale May 1, 1967
The notes were eligible for purchase
notes appear in the Treasury Bulletins of March 1967 and
t?y individuals with the simultaneous purchase o'f Series E
June 196#; and in the Annual Report of the Secretary of the
Treasury for fiscal year 1974.
through June 30, 1970.
savings bonds.
The principal terms and conditions for purchase and re
Table SN-1. - Sales a n d R ed em p t i o n s by Periods
(In millions of dollars)
Redemptions 2/
Period
ilscai years:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
Calendar years:
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
Months;
1976-Mar...........
Apr...........
May...........
June..........
July..........
Aug...........
Sept..........
Oct..... ......
Nov............
Dec...........
1977-Jan...........
Feb..................
Mar..................
Sales 1/
1
201
326
Accrued
discount
*
12
2
-2
25
33
28
29
35
31
24
80
277
348
160
-3
*
*
*
*
*
5
18
31
31
28
29
39
25
24
323
11
*
*
*
*
*
~
_
_
-
6
-
Sales plus
accrued
discount
Total
1
201
*
*
35
338
347
44
28
29
35
33
111
167
85
69
77
75
45
22
6
11
191
27
28
29
39
25
24
*
7
76
154
124
71
74
82
53
42
2
2
2
2
2
2
2
2
5
3
5
3
4
4
4
4
4
3
4
-2
2
2
2
2
2
2
80
281
366
-2
2
2
2
2
2
2
Source: Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
Sales
price
*
*
34
105
157
77
58
62
58
32
8
*
7
72
145
116
62
60
66
40
29
4
2
4
2
3
2
3
1
1
1
1
5
2
4
3
3
1
3
2
Accrued
discount
Amount
outstanding
-
-
*
203
505
742
619
561
519
477
435
413
407
1
6
10
8
11
14
17
13
3
*
3
8
9
9
13
16
14
13
1
1
2
1
1
1
1
*
*
2
1
1
1
80
354
644
682
584
540
496
453
424
406
418
417
414
413
413
413
407
409
409
406
406
404
402
g/" Includes U.S. savings notes exchanged for Series H bonds beginning
*
January 1972.
Less than $500,000.
April 1977
71
OWNF.ttSHTPOFFEDERALSECURITIES^
T a b l e OFS-1. - Distribution of Federal Securities b y Classes of Investors a n d T y p e s of Issues
__________________________________________ (In millions of dollars)_________________________________________
Interest-bearing public debt securities
End of
fiscal year
or month
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Nonmarketable
Government
account series
Other
Total
outstanding
Total
371,978
367,969
383,428
410,292
438,154
469,251
487,081
544,131
631,285
645,748
520,702
587,584
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
508,581
575,657
Z6’¥ $
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
138,458
139,343
14,694
16,007
16,974
18,092
19,868
20,080
21,229
20,471
18,347
16,633
20,806
19,392
59,374
66;738
76,124
82,740
89,536
101,248
114,921
122,756
129,209
127,417
592,874
599,224
600,927
608,077
619,254
623,580
632,291
633,560
635,062
643,643
652,457
Feb.........................
664,853
674,280
652,980
662,320
139,776
139,067
139,122
143,704
149,611
147,626
148,028
146,105
144,617
144,891
147,098
144,107
144,437
19,151
19,104
19,104
18,563
18,347
July........................
Aug.........................
Sept........................
Oct.........................
Nov.........................
Dec.........................
604,791?
611,391
612,843
621,533
631,285
635,260
644,394
645,748
649,276
656,282
664,794
1974.............................
1976.............................
1975-Mar..........................
1975-Dec..........................
1976-Feb.........................
Mar.........................
Apr.........................
May.........................
June........................
Interest-bearing public debt securities - Con.
End of
fiscal year
or month
Held by private investors
Total
1968..............................
1971..............................
216,032
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
1975-Mar..........................
1975-Dec..........................
288,705
348,380
1976-Feb..........................
Mar..........................
Apr..........................
May..........................
June..........................
July..........................
Aug...........................
Sept..........................
Oct........... .............
Nov..........................
Dec...........................
364,108
370,404
369,991
373,843
375,197
385,281
390,233
391,028
394,704
407,092
408,388
414,739
422,046
1977-Jan........
.............
1/ For detail, see Table FEU6.
r Revised.
Marketable
Nonmarketable
159,668
156,006
157,911
161,863
165,978
167,869
164,862
210,386
279,788
294,603
197,765
255,865
56,363
56,814
58,231
66,020
76,566
90,078
89,686
91,704
95,409
96,425
90,940
92,515
270,632
276,439
275,526
278,928
279,788
93,476
93,965
94,465
94,915
95,409
96,228
96,596
96,425
98,491
99,783
100,565
101,241
102,064
289,053
293,637
294,603
296,213
307,309
307,823
313,498
319,982
Marketable
17,993
16,647
16,633
16,636
16,430
16,483
16,363
15,788
Matured
public
debt
and debt
bearing
no interest
3,178
1,991
1,893
1,841
1,901
1,788
1,822
1,067
1,179
1,142
1,078
993
998
1,267
1,046
2,595
1,179
967
1,037
1,142
2,542
997
1,087
928
1,028
Public
issues
held by
Federal
Reserve
banks
52,230
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
115,596
117,896
, 2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,055
2,055
2,056
2,055
118,570
117,908
117,963
123,086
129,209
127,577
129,326
127,417
125,926
126,406
128,560
125,688
126,593
2,055
2,055
2,055
2,055
2,055
2,056
2,055
2,055
2,055
2,055
2,056
2,056
2,056
88,990
89,753
91,814
90,530
94,446
81,418
87,934
90,673
94,030
96,427
95,741
91,660
96,970
94,134
95,837
Agency securities
Total
outstanding
24,399
14,249
12,510
12,163
10,894
11,109
12,021
10,943
10,853
11,047
11,042
10,935
10,920r
10,901
10,870
10,861
10,853
10,714
11,066
11,047
11,673
11,643
11,250
10,945
10,932
Held by
U.S. Government
accounts and
Federal Reserve
banks
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,099
2,128
2,222
2,224
2,233
2,224
2,223
2,218
2,222
2,222
2,214
2,209
2,184
2,048
2,052
Held by
private
investors
21,398
11,403
9,956
9,911
8,724
8,953
9,869
8,757
8,630
8,825
8,943
8,807
8,698r
8,677
8,637
8,637
8,630
8,496
8,844
8,825
9,459
9,433
9,067
8,897
8,880
Treasury Bulletin
72
.OWNERSHIPOFFEDERALSECURITIES.
Table OFS-2. - Estimated Owners hip of Public D e b t Securities b y Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
End of
month
Commer
Total
cial
privately banks
held
2/
1939-Dec...
1946-Feb...
Dec...
1950-June..
Dec...
1951-June..
Dec...
1952-June..
Dec...
1953-June..
Dec...
1954-June..
Dec...
1955-June..
Dec...
1956-June..
Dec...
1957-June..
Dec...
1958-June..
Dec...
1959-June..
Dec...
1960-June..
Dec...
1961-June..
Dec...,
1962-June..
Dec...
1963-June..
Dec...
1964-June..
Dec...
1965-June..
Dec...
1966-June..
Dec...
1967-June..
Dec...
1968-June..
Dec...
1969-June..
Dec...
1970-June..
Dec...
1971-June..
Dec...
1972-June..
Dec...,
1973-June..
Dec...,
1974-June..
Dec...
Individuals 2/
Total
Total
20.7
137.9
133.8
139.0
138.0
136.0
9.4
63.9
64.1
67.4
66.3
65.4
134.8
133.7
136.4
137.9
65.2
66.1
Other
Savings bonds
secu
Series
Other
rities
E afid H series 2/
_
222.0
218.0
229.9
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
168.7
182.6
183.6
194.8
200,9
201.4
203.2
215.4
84.8
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
1975-June..,
Dec
303.2
349.4
69.0
85.1
234.1
264.2
87.1
91.4
1976-Jan...
Feb...
Mar...
Apr.*.
May
June,.
35*:3 ‘ 86.0
365.0
87.2
371.7
91.9
371.0
91.7
91.6
376.4
376.4
91.8
386.2
94.0
92.5
391.3
392.2
93.3
94.8
397.3
408.1
99.8
409.5
102.5
269.3
277.9
279.7
279.3
284.9
284.5
292.2
298.8
298.9
302.5
308.3
307.0
91.7
93.9
94.5
94.7
95.9
96.4
97.1
99.7
99.7
100.0
100.7
100.8
101.0
104.5
314.7
318.6
July...
Aug .. .
Sept...
Oct....
Nov....
Dec....
1Q77-Jan.p.,
Feb. p,
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
219.2
228.5
214.8
415.7
423.1
140.2
136.3
138.0
139.5
145.0
141.2
141.0
138.5
138.4
132.5
137.0
144.8
152.5
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
64.6
64.8
64.8
64.8
1.9
12.5
13.9
15.4
15.1
14.6
14.4 "
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
Mutual
Insurance sav
ings
companies banks
5.7
24.4
24.9
18.7
17.1
16.4
15.7
16.0
16.0
15.9
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
65.0
66.9
.5
.4
21.6
24.0
7.1
9.3
6773
67.6
68.0
24.0
68.8
69.2
68.4
.4
.4
.4
.4
.4
.4
69.9
70.5
70.5
70.9
71.2
71.6
.4
.4
.4
.4
.4
.4
25.8
26.0
25.8
26.6
26.8
26.8
28.8
28.8
28.8
29.0
28.8
10.0
10.1
10.4
10.3
10.4
10.5
11.1
11.6
11.6
12.1
12.2
12.3
101.0
72.0
101.5
72.4
.4
.4
28.6
28.7
12.2
12.2
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
Source:
Office of Government Financing in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at current
redemption value.
a/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
11.8
11.6
19.8
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
2.7
11.1
10.9
10.2
9.8
9.6
9.5
9.5
9*2
'
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
Corpora
tions 4/
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
State
and
local
govern
ments
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
Foreign
and inter
national
5/
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
32.7
46.9
50.0
55.3
60.2
55.5
57.7
58.8
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
3.5
4.5
13.2
20.2
29.6
33.8
66.0
66.5
27.6
38.6
4:7
4.9
5.1
5.1
5.3
5.1
21.2
23.2
23.0
23.8
26.0
25.0
34.t>
36.4
37.8
37.7
37.6
39.5
69.6
68.1
70.2
71.0
69.8
5.3
5.4
5.3
5.3
5.3
5.5
27.0
27.8
25.7
24.7
25.5
37.2
38.7
39.1
41.5
42.1
41.6
72.8
74.6
74.6
75.2
76.0
78.1
41.9
40.9
42.9
43.6
47.7
43.2
5.6
5.7
27.8
27.9
44.4
80.3
43.4
42.3
82.3
46.7
14.2
24.2
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
3 0
39.9
40.8
37.4
38.7
38.2
accounts in the United States. Beginning with July 1974 ttoe figures
exclude noninterest-bearing notes issued to the International Mone
tary Fund.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
Preliminary.
73
A p r il 1 9 7 7
TREASURY SURVEY OF OWNERSHIP
FEBRUARY28, 1977
tions in the September I960 Bulletin, and for State and local
The monthly Treasuiy Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions, ,The similar proportion for corporations
Holdings by commercial banks distributed according t;j
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent. Data were first pub
published for June 30 and December 31. Holdings by corporate
lished far banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table
TSO-1.-Summary
of F e d e r a l
Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
State and local
486
governments
savings 447
186
and loan corpo
pension
associa rations 314
general and re
tions
funds
tirement
funds
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,499
commer
cial
banks
Marketable...... ......
Nonmarketable (J.......
431,607
230,714
111,625
128,649
319,982
102,065
79,706
4,304
3,758
6,363
5,138
16,367
9,561
3,322
191,463
■M2ifi£SL
Total interest-bearing
public debt securities...
662,320
240,273
422,047
79,706
4,304
3,758
6,363
5,138
16,367
9,561
3,322
293,528
.
.
1.028
Classification
2J
Insurance companies
468
mutual
savings
438 fire#
289
banks
casualty,
life
2/
and
marine
All
other
private
inves
tors 2/
Public debt issues:
Interest-be?fffag.ja&;LL£
.MSftared
bearinff no
......
Total public debt
issues:
Regular issues.... .
Participation
certificates^/........
Total Government agency
securities covered in
Treasury Survey..... .
Nonsurveyed Government
agency securities.......
Total Government agency
securities 6/..........
Total Federal securities...
Footnotes at end of Table TSO-5.
1,028
1,028
240,273
423,076
79,706
4,699
246
4,453
899
230
98
4,095
1,675
2,420
595
147
73
8,794
1,921
6,873
yin.
171
243
2,138
131
2,007
10,932
2,052
8,880
674,281
242,325
431,956
663,349
4,304
3,758
5,138
16,367
9,561
3,322
294,556
38
161
168
280
281
2,299
205
179
107
229
721
163
340
275
509
1,002
2,462
6,363
74
.TREASURYSURVEY OF OWNERSHIP, FEBRUARY28, 1977.
Treasury Bulletin
T a b l e T S O - 2 . - Interest-Bearing M a r k e t a b l e Public D e b t Securities
b y T y p e a n d M a t u r i t y Distribution
(Par values - in millions of dollars)
Classification
Total
amount
outstand
ing 1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
By tyoe security:
Issued by U.S. Government:
Treasury bills................
Treasury notes................
Treasury bonds.... ...........
Total.......................
164,175
225,856
41,576
39,134
55,469
17,022
431,607
218,467
145,243
40,845
10,521
10,961
5,570
Py ^a^pyijaLJisi/ri'tot'j-Qr?,:
Call classes (due or first
becoming callable):
Within 1 year.................
5 to 10 years.................
10 to 15 years................
20 years and over.............
Total.......................
Maturity classes (final
maturity):
Within 1 year.................
1 to 5 years.................
5 to 10 years.................
10 to 15 years................
15 to 20 years................
20 years and over.............
Total.......................
5,499
commer
cial
banks
2/
Held by investors covered in Treasury Surve7
Insurance companies
State and local
468
486
governments
savings
mutual
447
438 fire,
186
savings
and loan corpo
pension
289
casualty, associa rations
314
banks
and
general and re
life
tions
1/
funds
marine
tirement
funds
426
3,492
386
111,625
14,314
63,624
1.768
79,706
30,089
42,593
6,253
256
365
150
79,706
1,270
2,122
634
120
132
27
431,607
51,857
37,470
11,397
4,137
4,399
2,364
111,625
217,404
143,927
43,223
4,281
7,483
15J288
51,462
37,243
12,019
1,210
3,263
6^427
431,607
111,625
634
4,532
1.197
1,445
3,450
244
10,628
5,352
387
6.363
.5,138_
16.367
1,156
2,732
1,644
574
200
57
2,411
2,498
157
51
12
9
11,945
3,903
273
124
4,304
919
1,346
466
714
165
148
3,758
6,363
30,035
42,533
6,367
132
190
449
1,262
2,114
649
87
876
1,073
782
517
79,706
4,304
4,304
it?
Held by
all
other
inves
tors 2/
827
1,176
1.320
91,410
84,002
16.051
9,561
3.322
191,463
84
6,168
2,374
465
264
193
974
491
737
359
589
173
111,678
49,715
18,819
3,922
4,821
2.508
5,138
16,367
9,561
3,322
191,463
1,122
2,692
1,718
148
2,404
2,475
188
23
m
898
450
854
172
221
727
3,758
6,363
a
5,138
6,099
2,297
611
128
178
247
111,305
49,168
19,740
1,794
m
11,942
3,884
295
68
101
77
16,367
9,561
3,322
191,463
494
1,284
1.979
3,758
,
38
4,863
3,475
.1,223 .
V
m
Footnotes at end of Table TSO-5.
T a b l e T S O - 3 . - Interest-Bearing M a r k e t a b l e Public D e b t Securities b y Issue
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
Mar.
1977............
Apr.
1977............
May
1977............
June
1977............
July
1977............
Aug.
1977............
Sept.
1977............
Oct.
1977............
Nov.
1977............
Dec.
1977............
Jan.
1978............
Feb.
1978............
Total Treasury Bills......
Treasury Notes:
6-1/2# Mar.
1977-G...
7-3/8
Apr.
1977-H...
6-3/4
May
1977-1...
6-7/8
May
1977-C...
9
May
1977-D...
6-1/2
June
1977-J...
7-1/2
July
1977-K...
7-3/4
Aug.
1977-B....
8-1/4
Aug.
1977-L....
8-3/8
Sept.
1977-M....
7-1/2
Oct.
1977-N....
6-5/8
Nov.
1977-Q...
7-3/4
Nov.
1977-E...
Footnotes at end of Table TSO-5.
Total
amount
outstand
ing 1/
5,499
commer
cial
banks
468
mutual
savings
banks
Z/
ZJ
1,400
1,684
31,058
28,954
31,192
19,231
17,080
17,565
2,917
3,095
3,402
3,505
3,071
3,105
164,175
6,498
6,662
7,172
5,280
4,219
4,155
851
943
795
976
920
661
2,530
1,785
1,712
2,352
296
162
440
555
628
771
39,134
2,576
1,579
2,137
2,565
5,329
2,170
1,516
4,918
2,021
3,226
3,156
2,628
3,630
548
104
203
621
2,998
261
59
1,649
121
97
237
96
1,273
289
life
486
State and local
governments
savings
447
and loan corpo
186
438 fire, associa rations
pension
314
casualty, tions
general and re
and
funds tirement
marine
funds
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
14,314
71
58
63
33
68
50
26
12
11
10
11
12
426
98
128
70
70
64
54
2
2
1
*
5
494
132
118
89
50
92
53
31
22
18
12
10
6
634
119
134
194
179
257
296
39
42
72
50
26
39
1,445
743
657
714
838
705
712
677
1,078
882
1,162
1,292
992
1,105
41
36
54
35
15
51
75
55
49
44
74
66
51
2
1
11
18
6
16
12
21
15
47
41
48
a
31
23
20
47
13
29
14
62
9
22
40
30
11
44
40
93
28
12
47
41
20
33
36
81
72
45
1,148
1,214
1,796
1,255
1,321
1,327
650
339
402
502
451
223
10,628
85
154
48
72
5
109
50
34
19
37
134
124
129
995
1,133
928
804
243
334
129
81
36
99
31
48
186
246
221
162
9
2
1
_
_
_
*
4,863
827
159
44
124
81
Q
71
100
105
22
23
36
62
51
*
3
2
*
2
3
18
3
3
1
2
3
Held by
all
other
inves
tors y
20,410
17,576
18,129
9,612
9,094
8,943
892
1,492
1,626
1,299
990
1,346
91,410
923
517
869
824
1,564
873
484
1,876
868
1,757
1,220
1,138
921
A p r il 1 9 7 7
75
TRF.ASTTRV S U R V E Y
OF OWNERSHIP, FE BR U A R Y
28, n*??
T a b l e T S O - 3 . - Interest-Bearing M a r k e t a b l e Public D e b t Securities b y Issue— C o n t i n u e d
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Notes— Continued:
7-l/Z.^ Dec.
1977-P.........
1978-J.........
Jan.
6-3/8
1978-A.........
Feb.
6-1/4
8
Feb.
1978-G.........
Mar.
1978-K.........
6-3/4
6-1/2
1978-L.........
Apr.
1978-D.........
May
7-1/8
May
1978-M.........
7-1/8
1978-F.........
7-7/8
May
6-7/8
June 1978-N.........
6-7/8
July 1978-P.........
1978-E.........
7-5/8
Aug.
1978-C.........
Aug.
8-3/4
1978-Q.........
6-5/8
Aug.
Sept. 1978-R.........
6-1/4
1978-S.........
5-7/8
Oct.
1978-T.........
Nov.
5-3/4
1978-B.........
6
Nov.
Dec.
1978-U.........
5-1/4
8-1/8
Dec.
1978-H.........
1979-L.........
5-7/8
Jan.
Feb.
1979-H.........
7
1979-M.........
5-7/8
Feb.
1979-D.........
7-7/8
May
June 1979-E.........
7-3/4
1979-A.........
Aug.
6-1/4
6-7/8
Aug.
1979-J.........
8-1/2
Sept. 1979-F.........
1979-K.........
Nov.
6-1/4
1979-B.........
Nov.
6-5/8
1979-C.........
Nov.
7
Dec.
1979-G.........
7-1/2
6-1/2
Feb.
1980-G.........
7-1/2
Mar.
1980-C.........
1980-A.........
6-7/8
May
7-5/8
June 1980-D.........
Aug.
1980-B.........
9
6-7/8
Sept. 1980-E.........
1980-F.........
5-7/8
Dec.
1981-A.........
Feb.
7
Feb.
1981-C.........
7-3/8
1981-D.........
May
7-3/8
1981-F.........
7-5/8
Aug.
1981-G.........
Oct.
7
1981-B.........
Nov.
7-3/4
1982-D.........
Feb.
6-1/8
1982-A.........
May
8
8-1/8
Aug.
1982-B.........
7-7/8
Nov.
1982-C.........
1983-A.........
Feb.
8
1983-B.........
Nov.
7
1984-A.........
Feb.
7-1/4
1986-A.........
7-7/8
May
1986-B.........
8
Aug.
Total Treasury
Treasury Bonds:
4-1/4
May
June
3-1/4
Feb.
4
Nov.
3-1/2
Aug.
7
Feb.
6-3/8
Aug.
6-3/8
May
3-1/4
6-1/8
Nov.
Aug.
4-1/4
Feb.
4
7-1/2
Aug.
May
4-1/8
Feb.
3-1/2
May
8-1/4
Feb.
6-3/4
May
7
8-1/2
May
Feb.
3
Feb.
7-7/8
Aug.
8-3/8
8
Aug.
Nov.
3-1/2
May
*■1/4
7-5/8
Feb.
Total
amount
outstand
ing
1/
2,765
2,511
8,389
2,115
3,162
2,574
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
2,921
2,941
8,207
3,377
2,517
2,855
4,692
2,842
2,269
1,782
4,559
2,989
2,081
3,376
1,604
2,241
2,006
4,608
2,069
7,265
2,185
4,296
2,141
2,692
1,842
4,796
2,020
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
322
277
3,362
101
291
376
960
171
1,526
747
218
2,557
642
187
416
210
232
3,587
424
147
109
1,711
150
513
109
1,787
821
217
271
1,132
445
102
1,415
147
5,562
281
2,680
133
221
554
955
154
192
36
1,841
1,107
823
1,625
608
1,294
812
1,498
1,079
1,264
1,216
1,491
1,096
689
1,149
1,225
1,162
927
1,552
984
1,194
1,004
1,187
1,015
907
752
732
849
573
1,379
132
661
818
1,526
812
587
717
406
1,108
1,098
520
1,592
653
1,117
1,084
928
1,079
325
343
665
907
795
630
576
1,787
6
mutual
savings
banks
2/
50
53
72
18
55
46
103
42
92
23
29
77
26
43
21
30
16
65
28
44
23
52
30
37
90
24
30
62
30
6
21
. 62
37
45
35
39
17
50
31
15
157
64
62
59
104
savings
438 fire, and loan 447
186
pension
casualty, associa corpo
314
rations
and
general and re
tions
tirement
marine
funds
funds
289
life
26
11
50
16
19
4
37
10
28
1
1
15
29
6
3
2
5
133
10
22
7
38
*
2
8
19
2
10
4
1
5
7
-
3
9
8
1
8
-
20
18
9
7
4
16
17
91
13
25
29
50
18
30
23
40
76
27
22
27
15
25
67
24
20
12
161
54
60
99
72
36
451
130
32
63
72
2
43
6
98
34
59
104
26
7
146
14
9
19
9
121
8
7
20
20
1
27
11
7
6
23
4
6
1
38
50
14
6
5
2
87
17
1
25
*
2
43
273
I64
331
15
18
15
85
8
109
46
9
33
476
41
20
15
10
17
63
31
10
125
12
11
34
40
88
62
6
75
29
24
6
376
5
12
33
63
86
6
3
26
9
35
62
61
16
38
2
41,576
17,022
1,768
386
1,979
1,197
431,607
111,625
79,706
4,304
3,758
6,363
1,063
1,315
2,506
1,758
807
2,702
2,353
803
1,216
3,004
190
1,914
1,132
3,034
1,247
627
692
2,414
616
2,771
2,265
1,575
2,205
2,221
1,144
28
46
42
9
4
127
95
11
12
132
57
56
65
144
124
35
46
11
395
227
929
621
408
1,055
1,403
179
903
1,128
53
1,290
456
893
317
209
32$
1,577
128
493
931
734
714
1,235
415
1975-85........
1978-83........
1980...........
1980...........
1981...........
1982...........
1984...........
1985...........
1986...........
1987-92........
1988-93........
1988-93........
1989-94........
1990...........
1990...........
1993...........
1993-98........
1994-99........
1995...........
1995-2000.......
1995-2000.......
1996-2001.......
1998...........
20Q0-05........
2002-07........
11
11
8
17
49
44
64
40
66
2
1,284
696
120
66
88
57
63,624
Notes...........
1,435
1,078
94
87
153
33
106
92
48
34
62
42
74
55
29
77
76
47
98
87
145
45
70
39
85
49
58
101
36
16
107
177
2
3,492
2,076
86
924
770
1,847
55,469
Footnotes at end of Tab3e TSO-5,
2/
State and local
governments
486
468
144
124
63
178
79
116
146
208
294
135
61
395
230
7
4,532
2,586
2,543
4,477
2,697
2,747
2,918
2,902
7,958
2,309
2,905
5,219
9,515
49
225,856
Total Treasury Bonds... .......
Total Marketable Public Debt
Securities.
5,499
commer
cial
banks
58
42
46
39
14
87
13
18
49
31
40
31
8
2
44
156
28
84
28
29
87
31
155
7
61
141
57
55
222
6
198
109
119
226
216
118
46
252
256
140
207
48
228
41
62
42
57
10
42
31
147
27
29
6
139
33
151
47
19
18
13
96
46
5
94
44
75
73
10
36
45
81
210
12
53
56
72
18
62
55
94
16
18
31
40
55
27
193
9
43
2
1
26
1
1
*
13
2
8
3
2
17
1
4
_
5
_
13
2
6
12
-
27
23
49
23
13
46
51
34
81
14
18
56
21
6
1
6
9
4
7
39
21
*
2
5
36
7
34
63
1
11
8
27
98
18
43
39
62
56
73
71
14
38
37
33
56
16
46
101
*
14
10
_
6
17
24
5
30
26
12
Held by
all
other
inves
tors 2/
1,043
1,019
2,742
1,257
1,097
1,153
939
1,101
1,246
994
699
1,144
973
1,125
1,148
1,246
1,437
2,405
1,543
964
1,580
1,512
1,494
685
673
1,807
1,001
1,032
1,419
270
854
797
1,343
866
900
894
1,114
591
1,001
591
1,676
862
911
1,051
1,274
1,135
738
1,166
1,059
4,388
1,121
1,211
3,025
4,844
7
84,002
1
6
2
5
12
29
3
6
61
1
3,450
33
25
23
39
27
83
15
5,352
3,475
1,176
7
24
58
40
3
20
57
8
5
14
22
10
3
9
11
6
30
50
18
12
6
11
33
5
8
9
6
32
387
69
77
246
113
5
36
77
11
35
109
1
8
18
115
14
13
14
13
30
37
86
1
73
19
5
1,223'
76
41
34
27
1
8
1
10
1
136
10
19
21
61
111
23
15
134
11
228
109
68
10
142
21
17320-
328
1,009
660
418
191
1,027
53
521
527
1,219
575
268
199
613
377
1,675
1,007
683
1,207
765
536
16,051
16,367
9,561
3,322
191,463
-
11
4
27
1
16
6
-
7
22
1
4
3
*
2
3
_
-
9
244
5,138
31
68
95
80
20
1
140
290
-
373
547
811
464
Treasury Bulletin
76
TREASURYSURVEYOPOWNERSHIP,FEBRUARY28, 1977,
T a b l e T S O - 4 . - Securities Issued b y G o v e r n m e n t Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing 1/
Extort-Imnort Bank:
Debentures....................
Issues to State and Local Govts.
(Mtg. Backed Bonds) 2/.«.......
Participation Certificates.......
Total........................
Federal Housing Administration:
Debentures....................
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,499
commer
cial
banks
468
mutual
savings
banks
2/
2/
State and local
486
wnraitnniAnf e
438 fire> savings 447
and loan corpo 314
casualty, associa
rations general
and
tions
marine
funds
289
life
Held by
all
other
inves
tors Jjj
1,900
103
769
47
19
23
81
168
109
8
143
250
-
-
-
-
-
-
-
-
78
847
9
56
4
23
10
2
68
33
83
168
143
12
2,293
16
118
264
75
52
626
9
56
284
217
653
111
22
102
19
196
1,338
509
1,002
2,462
581
107
67
18
30
1
9
Government National Mortgage
Association:
Participation Certificates.......
3,845
1,659
517
138
69
195
177
U*St. Postal Service:
Bonds........................
250
37
13
17
8
6
46
1,825
~
49
148
42
7
25
8,794
1,921
1,494
377
171
243
340
Tennessee Valiev Authority:
Bonds........................
Total Government Agency Securities
covered by survey...............
186
pension
and re
tirement
funds
' 107
275
574
Footnotes at end of Table TSO-5.
T a b l e T S O - 5 . - Securities Iss ue d b y G o v e r n m e n t - S p o n s o r e d A g e n cie s
a n d the District of C o l u m b i a
Held by investors covered in Treasury Survey
Issue
Banks for Cooperatives:
Debentures......................
EOT Credit BflBfcfiL:
Discount Notes.................
Farmers ijofflg AflmoistratiPin;
Insured Notes..................
Federal Home. Loan Baife:
Discount Notes.................
Bonds.........................
FHLMC Mtg. Backed Certificates
& Bonds 2/....................
Issues to State and Local Govts.2/2/
Total.........................
Federal Intermediate Credit Banks:
Debentures 8/..................
Federal Land Banks:
Bonds.......... ...............
Federal National Mortgage Association:
Discount Notes.................
Debentures.....................
Capital Debentures..............
Mtg. Backed Bonds........... .
issued to State and Local Govts. 2/
Total.........................
District of Columbia:
Stadium Bonds.......... ........
Total Government Sponsored Agency'
Securities covered in survey.......
y
y
Total
amount
outstand
ing
1/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
State and local
governments
Insurance companies
5,499
commer
cial
banks
468
mutual
savings
banks
2/
2/
4,695
83
927
-
95
4
5,408
295
1,505
383
298
16,288
1,777
I64
3,431
22
592
1,498
359
18,444
_
1,777
121
3,716
10,556
450
17,304
1,185
26,950
1,261
200
546
289
life
486
438 fire, savings
casualty, and loan
associa
and
tions
marine
447
corpo
rations
186
pension
314
general and re
funds
tirement
funds
Held by
all
other
inves
tors 2/
32
199
5
2
-
55
97
4
665
397
92
232
53
239
435
1,776
1
71
1
228
17
761
20
296
56
475
3
200
14
8,456
95
709
30
102
49
5
320
9
359
899
89
943
278
158
936
292
9,413
2,052
376
11
97
490
195
552
53
6,281
948
3,586
582
58
290
586
320
464
408
10,062
-
28
1,240
123
14
47
1,222
63
4
171
370
11
453
1,335
552
12
*
546
1,690
3
282
50
1
336
350
14,465
746
8
1,405
20
86
13
2
120
21
424
7
2
-
30,143
302
5,161
190
110
5,764
243
2,813
47
59
2,919
15,569
20
-
1
4
1
1
3
-
-
2
8
87,496
6,471
17,762
3,584
706
1,246
3,780
1,646
4,269
1,567
46,465
1,043
Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
Includes trust departments.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasuiy Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
119
13
151
328
889
37
2,690
5/ Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
6/ Includes matured securities outstanding on which interest has ceased.
2/ Direct placements with State and local governments with various
interest rates and maturity dates.
8/ Includes securities issued for use as collateral for short-term
borrowings.
2/ Obligation of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks.
* Less than $500,000.
April 1977
77
M A R K E T Q U O T A T I O N S O N T R E A S U R Y SECURITIES, M A R C H
Current market quotations shown here are over-the-
31, 1 9 7 7 ________________________
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
Securities
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,507
2,412
2,416
2,507
2,603
2,703
2,506
2,609
2,503
2,302
2,110
2,107
2,304
Bank discount
Issue date
Maturity
date
26-week
13-week
26-week
$3,506
3,508
3,389
3,501
3,710
3,702
3,502
3,601
3,506
3,404
3,202
3,103
3,403
3,503
rt 5Q1
1/6/77
1/13/77
1/20/77
1/27/77
2/3/77
2/10/77
2/17/77
2/24/77
3/3/77
3/10/77
3,503
3,596
3,704
3,699
3,603
10/7/76
10/14/76
10/21/76
10/28/76
11/4/76
11/12/76
11/18/76
11/26/76
12/2/76
12/9/76
12/16/76
12/23/76
12/30/76
1/6/77
1/13/77
n /on
w(
x/
<cU/A I
1/27/77
2/3/77
2/10/77
2/17/77
4/7/77
4/14/77
4/21/77
4/28/77
5/5/77
5/12/77
5/19/77
5/26/77
6/2/77
6/9/77
6/16/77
6/23/77
6/30/77
7/7/77
7/14/77
•7/d±/ff
7/01 /rw
7/28/77
8/4/77
8/11/77
8/18/77
3,604
3,601
3.403
3.103
3.104
3.404
2/24/77
3/3/77
3/10/77
3/17/77
3/24/77
3/31/77
8/25/77,
9/1/77
9/8/77
9/15/77
9/22/77
9/29/77
3/17/77
3/24/77
3/31/77
Change from
last month
Bid
+.01#
-.02
.00
-.08
-.13
-.16
-.17
-.16
-.19
-.19
-.20
-.23
-.28
-.25
-
4.53#
4.51
4.58
4.52
4.53
4.53
4.53
4.54
4.55
4.56
4.57
4.57
4.54
4.61
4.64
J AA
4.00
4.70
4.70
4.72
4.74
4.75
4.77
4.77
4.78
4.78
4.78
Amount
outstanding
(millions)
52-week
1
$3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
3,105
3,208
3,341
Bank discount
Issue
date
52-week
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
2/8/77
3/8/77
4/5/77
Maturity
date
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
1/10/78
2/7/78
3/7/78
4/4/78
Bid
Change from
last month
4.57#
4.55
4.55
4.58
4.70
+.05#
-.12
-.19
-.24
-.21
-.21
-.22
-.21
-.21
-.19
-.18
-.14
4.75
4.80
4.85
4.92
4.98
5.04
5.10
5.13
5.12
Special Issue
-.24
-.20
-.23
-.23
-.20
Amount
outstanding
(millions)
-.20
$2,005
Bank discount
Issue
date
Maturity
date
12/10/76
4/21/77
Bid
Change from
last month
4.58#
.00#
Table MQ-2. - Treasury Notes
$1,579
2,565
5,329
2,137
2,170
1,516
4,918
2,021
3,226
3,156
3,630
2,628
2,765
2,511
8,389
2,115
3,162
2,574
3,960
4,423
2,567
3,331
2,855
5,155
2,462
2,949
3,195
2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
(Price decimals are 32ds)
Yield
Price
Amount
outstanding
(millions)
Description
7-3/8#
6-7/8
9
6-3/4
6-1/2
7-1/2
7-3/4
8-1/4
8-3/8
7-1/2
7-3/4
6-5/8
7-1/4
6-3/8
6-1/4
8
6-3/4
6-1/2
7-1/8
7-7/8
7-1/8
6-7/8
6-7/8
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
-
-
_
-
.
_
-
_
-
_
_
-
Footnotes at end of Table Mi-3.
4/30/77-H
5/15/77-C
5/15/77-D
5/31/77-1
6/30/77-J
7/31/77-K
8/15/77-B
8/31/77-L
9/30/77-M
10/31/77-N
ll/15/77-E
11/30/77-Q
12/31/77-P
1/31/78-J
2/15/78-A
2/28/78-G
3/31/78-K
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/31/78-S
11/15/78-B
ll/30/78-T
12/31/78-U
12/31/78-H
1/31/79-L
2/15/79-H
2/28/79-M
Bid
100.05
100.06
100.15
100.09
100.11
100.26
101.01
101.09
101.19
101.10
101.17
100.29
101.12
100.25
100.22
102.08
101.07
100.31
101.19
102.13
101.21
101.13
101.14
102.12
103.28
101.03
100.19
99.31
100.05
99.25
98.28
103.18
99.27
101.25
99.26
Change
from last
month
To
maturity
-.07
-.06
-.11
-.04
-.04
-.06
-.05
-.07
-.06
-.02
-.02
+.02
-.02
+.03
+.03
-.02
+.05
+.04
+ .02
.00
5.25#
5.19
4.95
4.92
5.02
+ .03
+ .04
+.04
-.01
-.01
+.03
+ .06
+ .07
+.09
+.09
+.10
+ .04
+ .09
+.06
+.06
4.97
4.91
5.05
5.09
5.18
5.22
5.22
5.36
5.41
5.44
5.44
5.48
5.56
5.64
5.63
5.64
5.69
5.74
5.81
5.78
5.81
5.83
5.90
5.90
5.89
5.94
5.95
5.97
5.98
5.98
Price range since first traded 1/
Change
from last
month
Issue
date
+.28#
+ .24
+.04
-.10
.00
-.07
-.19
-.11
-.15
-.20
-.21
-.24
-.11
-.19
-.17
4/30/75
2/15/74
8/15/74
5/27/75
6/30/75
7/31/75
8/15/70
8/29/75
9/30/75
10/31/75
11/15/74
3/3/76
12/31/75
2/2/76
2/15/71
101.24
101.13
105.19
101.00
101.00
102.01
114.00
103.03
103.11
102.08
-.14
-.25
-.18
-.16
-.15
-.17
-.17
-.16
-.08
-.14
-.11
-.15
-.14
-.18
-.17
10/7/75
3/31/76
5/17/76
2/18/75
8/15/75
6/1/76
6/30/76
7/21/76
5/15/75
5/15/74
8/31/76
9/30/76
11/1/76
11/15/71
11/30/76
12/31/76
10/22/75
2/3/77
2/17/76
2/28/77
103.15
102.05
101.30
102.22
103.25
102.26
102.17
102.18
103.24
106.10
102.06
101.20
101.01
101.08
100.28
1/30/76
2/21/75
2/21/75
4/14/76
12/3/76
1/29/76
4/21/76
1/12/76
1/12/76
12/7/76
2/21/75
12/3/76
12/3/76
12/7/76
3/22/71
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
12/3/76
2/5/75
12/3/76
12/10/76
12/10/76
12/3/76
12/10/76
99.27
105.08
99.27
103.09
99.26
12/27/76
12/3/76
2/17/77
12/2/76
3/31/77
-.15
-.17
-.15
-.14
-.10
Low
High
Price
103.19
101.20
102.12
101.16
106.20
Date
Price
98.23
94.29
99.31
97.17
97.00
98.18
97.04
99.26
99.31
100.02
98.30
99.08
100.02
98.20
92.06
99.12
99.00
98.17
96.27
98.16
99.18
99.22
99.29
97.26
99.24
99.28
99.22
99.13
90.10
99.05
98.07
100.07
99.08
98.23
99.14
Date
9/16/75
8/26/74
8/23/74
9/16/75
9/16/75
9/16/75
8/26/74
9/15/75
9/17/75
12/9/75
9/16/75
5/27/76
5/27/76
5/27/76
8/23/74
9/30/75
5/27/76
5/27/76
9/16/75
9/16/75
5/27/76
6/28/76
7/21/76
9/16/75
8/23/74
8/20/76
9/24/76
2/2/77
8/23/74
2/2/77
2/2/77
10/15/75
2/2/77
3/4/76
2/24/77
78
Treasury Bulletin
.MARKETQUOTATIONSONTREASURYSECURITIES, MARCH31, 1977
Table MQ-2. - Treasury N otes— Continued
(Price decimals are 32ds)
Yield
Price
Amount
outstanding
(millions)
$3,518
2,269
1,782
4,559
2,989
2,081
3,376
1,604
2,241
2,006
4,608
2,069
7,265
2,185
4,296
2,141
2,692
1,842
4,796
2,809
2,020
2,586
2,543
4,477
2,697
2,607
2,747
2,918
2,902
7,958
2,309
2,905
5,219
9,515
17
15
3
2
1
2
3
*
14
Description
Bid
3/31/79-N
5/15/79-D
6/30/79-E
8/15/79-A
8/15/79-J
9/30/79-F
ll/15/79-K
11/15/79-B
11/15/79-C
12/31/79-G
2/15/80-G
3/31/80-C
5/15/80-A
6/30/80-D
8/15/80-B
7-7/8
7-3/4
6-1/4
6-7/8
8-1/2
6-1/4
6-5/8
7
7-1/2
6-1/2
7-1/2
6-7/8
7-5/8
9
6-7/8
5-7/8
7
7-3/8
6-7/8
Change
from last
month
To
maturity
+.02
+.01
+.06
+.07
+.02
+.09
+.03
+.02
+.05
6.00$
6.09
6.15
6.22
6.24
6.25
6.28
6.31
6.33
6.36
100.00
103.16
103.10
100.02
101.12
105.04
99.30
100.24
101.19
102.27
100.11
102.26
101.07
103.04
107.08
7-3/8
7-5/8
7
7-3/4
6-1/8
7
8
8-1/8
7-7/8
8
9/30/80-E
12/31/80-F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
8/15/81-F
ll/15/81-G
11/15/81-B
2/15/82-D
5/15/82-E
5/15/82-A
8/15/82-B
ll/15/82-C
2/15/83-A
7
7-1/4
7-7/8
8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
11/15/83-B
99.14
2/15/84-A
100.10
5/15/86-A
103.06
8/15/86-B
104.03
97.12
10/1/77-E0
4/1/78-EA
94.24
92.20
10/1/78-E0
4/1/79-EA
90.16
88.12
10/1/79-E0
4/1/80-EA . 86.08
84.02
10/1/80/E0
4/1/81-EA
81.30
79.28
10/l/8l-E0
4/1/82-EA
78.00
100.26
97.17
100.31
102.03
100.16
+.11
+.14
+.11
+.10
+.13
+.10
+.09
+.07
+.07
+ .08
102.03
102.30
100.13
103.12
96.29
100.06
104.08
104.26
103.24
104.10
Footnotes at end of Table Mi-3.
$2,505
1,758
807
2,702
1,306
1,061
2,353
796
1,216
3,010
1,247
2,994
190
627
1,914
1,124
611
692
2,187
2,414
2,771
2,265
1,575
2,221
1,143
Description
+.10
+.10
+ .10
+.14
+ .16
+.16
+ .20
+.28
4$
3-1/2
7
6-3/8
3-1/4
4-1/4
6-3/8
3-1/4
6-1/8
3-1/2
8-1/4
4-1/4
4
6-3/4
7-1/2
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
8
8-1/4
7-5/8
_
_
_
_
_
_
_
_
..
-
_
_
_
_
-
_
_
2/15/80
11/15/80
8/15/81
2/15/82
6/15/78-83
5/15/75-85
8/15/84
5/15/85
11/15/86
2/15/90
5/15/90
8/15/87-92
2/15/88-93
2/15/93
8/15/88-93
5/15/89-94
2/15/95
5/15/93-98
11/15/98
5/15/94-99
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
2/15/02-07
Bid
y
J/
2/
J/
y
y
y
y
y
y
y
y
y
y
y
y
94.00
90.30
101.10
98.04
82.14
83.00
96.06
77.12
94.24
72.08
105.26
74.10
73.08
95.24
99.24
72.18
71.16
97.20
71.12
106.24
101.10
105.24
102.10
104.26
98.16
-.11
-.12
-.11
-.10
-.12
-.10
-.09
-.06
-.07
-.05
6.90
6.89
6.88
6.95
7.00
7.03
7.06
7.09
7.11
7.19
7.39
7.39
6.93
7.03
6.75
6.65
6.62
6.63
6.68
6.73
6.76
6.76
-.04
-.07
-.06
-.05
-.05
-.03
-.06
-.06
+.35
+ .13
+.06
+.04
+.03
+.06
+.06
+ .09
+ .16
Issue
date
Price
3/31/77
11/6/74
7/9/75
8/15/72
8/16/76
9/4/75
11/15/76
2/15/73
11/15/73
1/6/76
2/15/77
3/17/76
5/15/73
6/10/76
8/15/74
8/31/76
11/30/76
2/15/74
2/18/75
3/8/77
1/26/76
7/9/76
10/12/76
11/15/74
1/6/77
4/4/77
5/15/75
8/15/75
11/17/75
2/17/76
11/15/76
2/15/77
5/17/76
8/16/76
10/1/72
Low
High
Date
100.00
105.10
105.08
101.23
103.09
107.18
101.28
102.26
103.22
105.04
100.19
105.04
103.12
105.23
110.06
103.19
100.11
103.28
105.08
100.20
105.06
106.10
104.10
106.30
99.30
100.06
108.04
108.20
107.20
108.08
104.04
101.02
107.20
108.20
97.12
4/1/73
10/1/73
4/1/74
10/1/74
4/1/75
94.24
92.20
90.16
88.12
86.08
10/1/75
4/1/76
10/1/76
4/1/77
84.02
81.30
79.28
78.00
3/31/77
12/2/76
12/3/76
12/10/76
12/10/76
12/2/76
12/10/76
12/10/76
12/10/76
12/2/76
2/17/77
12/2/76
12/10/76
12/2/76
12/10/76
12/2/76
12/3/76
11/26/76
12/2/76
3/21/77,
11/26/76
12/2/76
11/26/76
12/2/76
12/31/76
3/31/77
12/3/76
12/10/76
12/3/76
12/3/76
12/10/76
2/17/77
12/30/76
12/30/76
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
3/31/77
Price
Date
99.25
98.04
97.16
90.04
99.27
3/28/77
9/15/75
9/15/75
8/23/74
8/5/76
90.23
99.05
91.02
92.16
99.14
99.17
99.11
91.16
100.05
100.21
9/16/75
2/2/77
8/23/74
8/23/74
5/27/76
2/2/77
5/27/76
8/23/74
6/4/76
8/23/74
9/9/76
2/2/77
8/23/74
9/1/75
2/25/77
5/27/76
7/1/76
9/30/76
9/16/75
2/2/77
3/30/77
9/16/75
9/15/75
12/10/75
5/27/76
2/2/77
2/24/77
5/21/76
8/5/76
10/31/72
99.24
96.21
91.14
95.06
99.02
98.11
100.00
99.23
96.12
96.07
100.03
97.01
97.20
98.12
100.15
98.24
99.28
99.06
101.01
80.16
79.16
77.20
75.12
73.04
74.10
72.00
74.16
76.20
78.00
9/30/74
9/30/74
9/30/74
10/31/74
4/30/75
10/1/75
5/28/76
10/1/76.
3/31/77
MQ-3. - Treasury Bonds
(Price decimals are 32d’s)
Price
Amount
out
standing
(millions)
-.09
-.11
-.05
-.04
-.09
-.11
-.12
-.18
-.17
-.11
6.84
+.04
+.08
+.07
+ .07
+ .08
+ .05
+.12
+.13
+.08
Table
-.09$
-.07
-.08
-.12
6.37
6.45
6.44
6.54
6.57
6.61
6.63
6.71
6.75
6.73
6.78
+.09
+.08
+.16
+.14
+.06
Price range since first trade 1/
Change
from last
month
Yield
Change
from
last
month
To first
call or
maturity
2/
+.10
+ .16
+ .02
-.08
+.04
.00
-.28
-.14
-.16
-.18
+.02
.00
.00
+.10
+.10
+.02
-.02
+ .24
-.06
+.06
+.08
+.08
+ .06
+.08
+.12
Beginning April 1953, prices are closing bid quotations in the overthe-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. ’’When issued” prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
Price range since first traded 1/
Change
from
last
month
7.54
7.01
6.78
7.20
7.53
6.88
5.53
7.22
5.85
7.78
-.06$
-.10
-.02
+ .07
+.02
+ .02
+.16
+.12
+ .08
+.10
-.01
+.01
+ .01
-.03
-.03
.00
+.02
-.07
+.03
-.02
7.74
7.78
7.77
7.80
7.75
-.03
-.03
-.02
-.02
-.04
6.31$
6.34
6.65
6.83
6.76
7.03
7.05
6.94
6.88
6.76
High
Issue
date
Price
1/23/59
10/3/60
8/15/71
2/15/72
5/1/53
4/15/60
8/15/72
6/3/58
11/15/71
2/14/58
103.18
97.24
110.02
101.14
111.28
105.28
100.10
101.04
100.20
106.26
4/7/75
8/15/62
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
10/3/60
5/15/74
2/18/75
8/15/75
8/16/76
5/15/75
2/15/77
111.05
104.10
100.11
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
99.24
Low
Date
5/21/61
5/21/61
11/15/71
3/9/72
8/4/54
5/5/61
12/3/76
6/11/58
11/5/71
4/21/58
12/31/76
12/26/62
1/16/63
1/4/73
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
2/7/77
Price
Date
71.04
66.24
93.16
86.16
62.02
66.30
87.12
61.08
85.04
59.20
97.00
63.00
62.18
82.18
89.16
61.26
59.20
84.04
59.20
97.02
91.22
96.04
99.30
95.00
97.24
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
5/26/70
8/27/74
5/26/70
9/29/74
5/26/70
9/12/75
5/26/70
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
9/16/75
9/16/75
8/10/76
9/15/75
2/24/77
2/ On callable issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
y
Included in the average yield of long term taxable Treasury bonds
as shown under ’’Average yields of Long-Term Bonds."
$500 thousand or less.
Y IE L D S O F T R E A S U R Y S E C U R IT IE S M A R C H 3 1 , 1 9 7 7
B a s e d o n closing bid q u o t a t i o n s
1977
PERCENT
1978
1979
1980
1981
1982
1984
1983
1985
1986
1987
PERCENT
VO
-J
\l
JO
a
o
H
>
H
HH
0
§
1
H
&
Cl
3
GO
ICENT
H
O
▲
§
A
5.5
3
M
A
X
>
W
<
<»
GO
k
§3
•
o
X
CD
<1
<1
LEGEND
x Fixed coupon issues.
■ High coupon issues - 7% and higher fixed maturity issues.
Callable issues. A High coupon callable issues - plotted
to earliest call date when prices are above par and
to maturity date when prices are at par or below.
V/2% exchange notes.
Bills - coupon equivalent of 3mo., 6mo., and lyr. bills.
1977
1978
1979
1980
1981
>
><
1982
1983
1984
1985
1986
1987
Note: The curve is fitted by eye and based only on the most actively traded issues. Market yields on coupon issues due in less than 3 months are excluded.
3.5
>1
VO
S O
Treasury Bulletin
_____________________________________ A V E R A G E Y I E L D S O F L O N G - T E R M R O N D S
T ab le AY-1. - A verage Y ield s o f Long-Term Treasury, Corporate and M u n icip al B o n d s by P eriods
Treasury
bonds 1/
Period
S. I. A.
Aa new
corporate new Aa
bonds 2/ municipal
bonds 2/
S. I. A.
S. I. A. 1
Treasury Aa new
new Aa
new Aa
1 Treasury
municipal bonds 1/ corporate municipal I bonds 1/
bonds
7j
bonds 2/
bonds 2/ 1
Monthly series - averages of daily or weekly series
Treasury
bonds 1/
1966
Feb...........
May...........
Oct...........
Nov...........
Feb...........
Oct...........
Nov...... .....
Feb...........
Mar...........
Oct...........
Period
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 1/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 1/
5.97
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
4.75
4.80
4.79
4.70
4.74
4.65
Treasury
bonds 1/
6.91
6.54
6.69
6.88
7.00
7.28
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
Period
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
9.00
8.84
9.00
9.09
9.53
9.70
5.62
5.67
5.66
5.74
5.64
5.59
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
5.59 U
5.59
5.70
5.69
5.51
5.63
6.55
6.25
6.15
6.60
7.00
7.10
5.96 y
6.14
6.20
6.11
6.25
6.32
9.09
9.08
9.00
9.14
8.97
8.13
1971
6.22
6.00
6.15
6.25
6.05
5.20
6.53
6.85 y
6.41
6.25
6.30
6.35
7.63
7.54
7.62
7.76
8.25
8.15
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
8.24
8.14
7.90
7.72
7.67
7.54
Treasury
bonds 1/
Aa new
corporate
bonds 2/
7.09 y
7.02
7.18
7.33 5/
7.30
7.22
6.93
6.77
6.68 y
6.66
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
12Z1
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
197A
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.93
6.92
6.88
6.73
7.01
6.92
5.19
5.25
5.42
5.61
5.89
5.92
6.68
8.32
8.21
8.60
9.04
9.39
9.59
10.18
10.30
10.44
10.29
9.22
9.47
S. I. A.
new Aa
municipal
bonds 2/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
1975
1972
1969
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
4.43
4,61
4.63
4.55
4.57
4.63
Aa new
corporate
bonds 7j
6.77 y
7.05
7.01 y$j
6.86
6.89
7.11 y
7.28
7.29
7.21
7.17
6.85
6.82 y
6.70
6.65
6.62 1/
6.38
7.16 y
7.20
9.17
8.84
9.48
9.81
9.76
9.27
9.56
9.71
9.89
9.54
9.48
9.59
1226
8.97
8.71
8.73
8.68
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.96
8.18
8.33
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
6.32
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
5.52
5.41
5.59
6.75
6.55
6.64
6.33
6.33
6.86
Period
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
Weekly series - avei’age for weeks ending 1976
Oct. 1.
8.
15.
22.
29.
Nov.
5.
12.
19.
26.
6.69
6.64
6.61
6.65
6.70
8.31
8.28
8.26
8.25
8.19
5.70
5.87
5.84
5.87
6.00
6.69
6.71
6.62 5/
6.52
8.20
8.22
8.18
8.09
n.a.
5.99
5.94
n.a.
17,
24,
31,
1977
Jan. 7.
14,
21,
28,
6.40
6.39
6.37
8.00
7.90
7.94
7.91
7.74
5.60
5.40
5.42
5.23
Feb-if:
18,
25,
7.13
7.17
8.21
8.27
5.37
5.48
6.42
6.62
6.72
6.88
7.69
7.99
8.09
8.09
n.a.
5.38
5.75
5.43
Mar. 4.
11.
18.
25.
7.20
7.22
7.20
7.19
8.29
8.31
8.34
8.37
5.65
5.60
5.70
5.40
1/ Treasury bond yields are based on a composite of closing bid quotations
in the over-the-counter market. Series includes bonds on which the
interest income is subject to normal tax and surtax which are neither
due nor callable before 10 years. For bonds currently in series, see
Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protec
tion. The value of 5 years call protection in that period ranged from
10 to 25 basis points.
2/ Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
ij One or more new long-term bonds added to the average.
5/ An existing bond dropped from the average,
n.a. Not available.
A V E R A G E Y IE L D S O F L O N G - T E R M T R E A S U R Y , C O R P O R A T E , A N D M U N I C I P A L B O N D S
vo
>
<
>
Q
d
co
O
O
2
O
H
S3
dd
O
2
d
GO
1967
1968
1969
1970
1971
1972
1973
1974
1975
* Ch an ge in A a computation met ho d effective J un e 1973. See footnote 2 following table AY-1.
1976
1977
Treasury Bulletin
82
CTrHANP.R STABILIZATION
Table ESF-1. - Balance as o f Septem ber 30. 1976 and D ecem b er 31, 1976p
Assets, Liabilities, and Capital
September 30, 1976
October 1, 1976
through
December 31, 1976
December 31, 1976p
Assets
Cash:
Account of U.S. Treasury (includes Undeposited ColFederal Reserve Bank of New York, special account...
$552,712.06
39,116,390.23
($84,756.36)
6,685,655.55
$637,468.42
32,430,734.68
$33,068,203.10
$6,600,899.19
$39,669,102.29
2,356,633,285.35
38,107,969.00
2,394,741,254.35
Foreign exchange due from foreign banks: 1/
300,000,117.10
-0-
Banco de Mexico ............................
(300,000,000.00)
150,000,000.00
117.10
150,000,000.00
Investments in:
1,529,336,673.89
U.S. Government securities.....................
Foreign securities...........................
Accounts receivable..............................
Furniture and equipment (includes auto equip.
& leasehld improvements).........................
Less allowance for depreciation................
776,406.86
284,875.57
Buildings......................................
Less allowance for depreciation.............. .
50,000.00
22,050.00
42,633,860.40
491,531.29
27,950.00
2,049,968,711.68
520,632,037.79
68,079,934.66
25,446,074.26
12,433.85
18,070.67
450.00
(5,636.82)
788,840.71
302,946.24
(450.00)
50,000.00
22,500.00
100,000.00
Total assets....................................
485,894.47
27,500.00
100,000.00
$4,262,291,621.13
$440,780,893.42
$4,703,072,514.55
Liabilities and Capital
Accounts payable................................
44,936,167.14
26,872,528.60
71,808,695.74
Special drawing rights certificates.................
800,000,000.00
400,000,000.00
1,200,000,000.00
2,654,344,415.18
10,861,448.78
Special drawing rights allocations.................
Capital account.................................
Deduct subscription to International Monetary Fund..
2,000,000,000.00
1,800,000,000.00
2,665,205,863.96
2,000,000,000.00
1,800,000,000.00
200,000,000.00
200,000,000.00
Net income (see Table ESF-2).............. ........
563,011,038.81
3,046,916.04
566,057,954.85
Total liabilities and capital............. ........
$4,262,291,621.13
$440,780,893.42
$4,703,072,514.55
Note:
Annual balance sheets for fiscal years 1934 through 1940 appear
in the 1940 Annual Report of the Secretary of the Treasury and those for
succeeding years appear in subsequent reports. Quarterly balance sheets
beginning with December 31, 1938 have been published in the Treasury
Bulletin.
1/ Excludes foreign exchange transactions for future and spot delivery.
2/ Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of 16
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
p Preliminary.
April 1977
83
E X C H A N G E STABILIZATIO N F U N D ,
T a b le E S F -2. - Incom e and E x p en se
January 31, 1934
through
September 30, 1976
Classification
October 1, 1Q76
through
December 31, 1976p
January 31, 1934
through
December 31, 1976p
Income:
Profits on transactions in:
Gold and exchange (including profits from
handling charges on gold)..... ....................
$242,007,923.77 DR
Sale of silver to U.S. Treasury......................
3,473,362.29
-
3,473,362.29
Silver...........................................
102,735.27
-
102,735.27
Investments.......................................
1,325,207.14
242,320.65
Miscellaneous......... ............................
$13,763,061.10 DR
402.39 DR
$225,770,984.87 DR
1,325,207.14
241,918.26
Interest on:
Investments.......................................
914,137,907.40
Special drawing rights..............................
107,384,908.63 DR
2,909,584.37 DR
110,294,493.00 DR
Foreign balances...................................
183,192,901.92
4,350,953.27
187,543,855.19
Revaluation of SDR holdings and allocations 1/............
102,206,188.61 DR
Adjustment for change for valuation of SDR 2/............
58,597,752.02
Total income........................................
20,293,132.74
_
1,087,608.26 DR
934,431,040.14
102,206,188.61 DR
57,510,143.76
$709,473,165.68
$6,883,429.89
$716,356,595.57
Personnel compensation and benefits.....................
$104,582,798.15
$2,984,535.65
$107,567,333.80
Travel.............................................
Exnense:
7,775,147.90
253,871.17
8,029,019.07
Transportation of things..............................
4,581,370.13
21,143.00
4,602,513.13
Rent, communiflations, and utilities.....................
4,247,267.50
140,223.72
4,387,491.22
Supplies and materials...............................
9,930,055.93
30,566.51
1,023,622.44
Other..............................................
24,282,487.26
138,320.80
24,420,808.06
146,462,126.87
3,568,660.85
150,030,787.72
267,853.00
267,853.00
$3,046,916.04
$566,057,954.85
Total..............................................
Prior Year Expense
................................
Net income..........................................
j
j
$563,011,038.81
1/ Revaluations of SDR holdings and allocations arising from the Par
Value Modification Act, as amended.
2/ Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of 16
member countries. The United States SDR holdings and allocations are
valued on this basis beginning July 1974.
P Preliminary,
84
Treasury Bulletin
INTERNATIONALFINANCIALSTATISTICS.
The tablets in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
A number of changes
were introduced in the May 1967 and July 1972 issues of the
Bulletin to increase the usefulness of this section.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of con/ertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
T ab le IFS-1. - U .S. R eserve A ssets
End of
calendar year
or month
Total
reserve
assets
(In millions of dollars)
Gold stock 1/
Total 'Zj
195 7
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1976-Mar.,
Apr..
May.,
June.
July,
Aug..
Sept,
Oct..
Nov..
Dec..
24,832
22,540
21,504
19,359
18,753
,17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964 1/
14,487
12,167 a/
_
13,151 _2/
14,378 J,0/
15,883
16,226
18.747 11/
16,941 11/
17,438 11/
17,958 11/
18,477 11/
18,246 11/
18,586 H /
18,945 11/
19,013 11/
19,416 11/
18.747 11/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 _
11.652 IQ/
11.652
11,599
11.598
11.599
11.599
11.598
11.598
11.598
11.598
11.598
11.598
11.598
11.598
1977-Jan..
Feb..
Mar..
19,087 11/
19,122 11/
19,120 11/
11.658
11.658
11,658
1/
1/
i/
6/
7/
8/
22,857
20,582
19,-507
17,804
16,947
16,057
15,596
15,471
13,806 y
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S, gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESP), gee
"Account of the U.S. Treasury,” Table UST-3.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and^Federal Reserve System.
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts related to the United States quota. See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on .February 23, 1966. In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve posi
tion.
Includes gain of $67 million resulting from revaluation of the Ger
man mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
Treasury
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10.367
10.367
10,732
10,132
10,410
11,567 W
11,652
11,599
11.598
11.599
11.599
11.598
11.598
Special
drawing
rights i/
Convertible
foreign
currencies ij
Reserve
position in
International
Monetary Fund j>/
571
936
938
1,365
11.598
11.598
11.598
11.598
11.598
11.598
851
1,100
1,958 i/
2,166 10/
2.374
2,335
2.395 11/
2.351 1]/
2.325 11/
2,309 11/
2,316 H /
2,318 11/
2.325 H /
2,357 2jy
2.352 11/
2,365 H /
2.395 11/
1,975
1,958
1.997
1,555
1,690
1,064
1,035
769
863
326
420
1,290
2,324
1,935
585
465 2/
_
552 10/
1,852
2,212
4,43411/
2,420 11/
2,578 H /
3,113 11/
3,198 n /
864
845
1,038
1,066
1,146
320
3,466 21/
3.818 H /
3,952 12/
3.997 11/
4,307 n /
4,434 11/
11,658
ll,650r
11,636
2.375 11/
2,383 11/
2,389 11/
372
262
261
4,682 11/
4.819 11/
4,812 11/
2/
10/
11/
320
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, consisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Monetary Fund.
Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted-average of exchange rates for the currencies of
16 member countries. The United States SDR holdings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. reserve position
U.S. total
-(net!_____
in the IMF
reserves
1976-Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1977-Jan.
Feb.
Mar.
r
116
99
212
432
781
1,321
2,345
3,528
2,781 1/
629
276 i/
241
8
5
80
Revised.
2,452
2.438
2.438
2,428
2.438
2.438
2.457
2.457
2,481
2.487
2;$$
2.487
2,520
2,690
3,246
3*318
3,583
3,922
4,034
4,087
4,415
4,495
4,797
4,918
4,898
17,142
17,663
18,220
18,719
18,483
18,803
19,127
19,208
19,640
18,900
19,304
April 1977
85
____INTERNATIONALFINANCIALSTATISTICS____
Table IFS-2. - U .S. L ia b ilities to Foreign O fficial In stitu tio n s
and Liquid Liabilities to A ll Other Foreigners
(In millions of dollars)
Liabilities to foreign countries
Liquid liabilities
to other foreigners
Official institutions 2/
End of
calendar
year or
month
Total
15,825 2/
16,845 y
19,428
1957...............
1958...............
1959...............
1960 10/............
f 20,994
^ 21,027
1962 10/............
J 22,853
\ 22,936
f 24,268
{ 24,268
1963 10/............
f
1961 10/............
1964 10/...........
1965...............
1966 10/...........
1967 10/...........
1968 10/...........
1969 10/...........
1970 10/............
1971 10/ 12/........
1972...............
1973...............
1974 10/............
1975...............
1976 ..............
Mar............
May............
26,433
\ 26,394
/ 29,313
^ 29*364
29,568
f 31,144
[ 31,019
f 35,819
{ 35,667
/ 38,687
\ 38,473
/ 45,755 11/
\ 45,914
/ 47,009
46,960
f 67,681
{ 67,808
82,861
92,490 22/
[ 119,240
\ 119,163
126,556
151,331
131,804
129,539
136,670
I39,007r
135,216
Nov............
Dec............
139,179
138,768
140,83>
143,728
144,643
151,331
Feb.p..........
147,774
149,254
Liquid
liabilities
to IMF
arising from
gold trans
actions l/
Total
200
200
500
800
800
800
800
800
800
n.a.
n.a.
10,120
11,078
11,088
11,830
11,830
800
800
14,459
14,425
15,790
15^786
15,825
800
800
834
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
566
544
544
-
»
-
-
-
-
*
Short
term
liabil
ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2/
7,917
8,665
9,154
10,212
10,212
n.a.
n.a.
966
866
876
890
890
Nonmarket
able U.S.
Treasury
bonds and
notes ij
2/
_
-
_
-
_
_
_
-
751
751
_
200
200
12,467
12,467
1,217
1,183
766
766
13,224
13,220
13,066
12,484
12,539
14,034
14,027
, 1,125
1,125
1,105
860
860
908
908
1,283
1,283
1,534
583
583
1,452
1,452
11,318
11,318
529
462
15,975 n / 11,054
15,998
11,077
23,786
19,333
23,775
19,333
51,209
39,679
39,018
50,651
346
346
306
295
1,955
1,955
61,526
40,000
66,861 12/43,923
76,801
53,057
53*079
76,823
49,513
80,695
53,478
91,850
82,370
50,454
49,522
82,469
50,561
84,285
85,684
51,613
85,192
50,039
50,496
85,932
51,246
86,725
86,085r 49,655r
86,827
49,017
87,746
49,274
91,850
53,478
54,465
92,995
54,784
93,836
5,236
5,701
5,059
5*059
6,671
11,788
7,057
7,788
8,245
8,508
9,225
15,747
15,564 22/
16,339
16,339
19,976
20,648
20,051
20,051
20,151
20,151
20,251
9,519
9,835
10,800
11,027
11,367
11,788
12,017
12,725
20,151
19,801
19,803
20,876
21,131
20,648
20,622
20,496
12,948
12,914
14,840
14,895
18,201
18,194
17,407
17,340
10,940
10,940
11,997
11,963
Note: Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Inter
national Monetary Fund to the United States to acquire income-earning
assets.
i/. Includes Bank for International Settlements and European Fund.
2/ Derived by applying reported transactions to benchmark data; break
down of transactions by -type of holder estimated 1960-1963.
Excludes notes issued to foreign official nonreserve agencies.
5/ Includes long-term liabilities reported by banks in the United
States and debt securities of U.S. Federally-sponsored agencies
and U.S. corporations.
6/ Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Other
readily
market
able
liabil
ities
-
9
9
158
158
120
913
913
1,807
1,807
3,219
2,341
3,219
2,341
3,070 11/ 1,505
3,070
1,505
3,452
695
3,452
695
9,431
9,534
144
144
543
1,673
2,346
2*346
4,535
5,936
4,808
5,108
5,328
5,412r
5,677
5,766
5,843
5,827
5,907
5,974
5,936
5,891
5,831
Liquid
liabil
ities
to
banks
6/
Liquid
liabilities
to nonmone
tary in
Short
Market ternationral
and re
term
able U.S,
gional or
liabil Gov11.
Total ities
ganizations
bonds
reported and notes 8/
by banks 2/1/
in U.S.
3,472
3,520
4,678
4,818
4,818
n.a.
n.a.
2,940
2,773
2,780
2,252
2,430
2,399
2,230
2,230
5,404
5,484
5,346
5,346
2,871
2,873
3,013
3,013
2,355
2,357
n.a.
n.a.
541
543
550
516
516
2,565
2,565
448
448
1,525
1,541
1,948
1,949
2,161
2,195
5,817
5,817
3,397
3,387
3,046
3,046
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
3,730
3,753
4,059
4,271
4,272
4,685
4,678
3,354
3,377
3,587
3,743
3,744
4,127
4,120
351
341
376
376
472
528
528
558
558
1,960
1,965
1,722
1,722
1,431
906
905
691
677
5,053
4,909
609
465
725
722
23,638
23,645
17,137
17,169
10,262
10,949
4,464
4,589
4,676
4,604
4,138
4,141
4,444
4,444
3,939
525
525
647
565
447
447
659
663
14,666
17,694
30,314.
30,106
29,516
37,429
33,120
30,482
35,204
36,367
32,642
5,043
5,932
8,803
8,912
10,718
13,569
10,762
10,864
11,507
11,294
11,435
34,753
32,853
34,641
36,940
35,384
37,429
33,359
33,283
11,749
12,134
12,345
12,326
13,282
13,569
13/476
14,112
4,064
4,029
4,039
3,691
3,694
4,618
5,502
8,305
8*414
10,017
12,592
10,048
10,104
10,743
10,548
10,634
10,918
11,223
11,474
11,399
12,312
12,592
425
430
498
498
701
977
714
760
764
746
801
12,479
13,091
997
1,021
831
911
871
927
970
977
764
1,047
1,190
844
846
1,528
1,523
1,626
2,003
3,322
3*322
5,627
8,483
5,552
5,724
5,674
5,662
5,947
6,745
7,056
7,762
7,635
8,231
8,483
7,944
8,023
Includes marketable U.S. Government bonds and notes held by foreign
banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
2/ Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
10/ Data on the two lines shewn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
11/ Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
12/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarket
able U.S. Treasury bonds and notes, $103 million.
13/ Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
n.a. Not available.
p Revised.
p Preliminary.
2/
8/
86
Treasury Bulletin
.INTERNATIONALFINANCIALSTATISTICS.
T able IFS-3. - U .S. L iab ilities to O fficial
In stitu tio n s o f Foreign Countries, by Area
(In millions of dollars)
End of
calendar year
or month
1963.....................
1964.....................
1965.....................
1966 2J..................
1967.....................
1968 2/..................
1969 2/..................
1970 2/..................
1971 2/ 5/................
1972.....................
1973.....................
1974 1/;.................
1975.................... .
1976 ...................
1976-Feb.................
Oct.................
1977-Jan.p...............
Feb.p...............
Total
foreign
countries
Western
Europe
Canada
1/
Latin
American
Republics
1,058
1,283
1,550
8,508
9,325
8,826
7,771
7,771
10,321
8,070
8,062
1,789
1,812
1,702
1,333
1,333
1,310
1,867
1,866
13,620
13j615
30,010
30,134
34,197
45,764 6/
44,328
44,328
45,684r
45,855
2,951
2*951
3,980
3,980
4,279
3,853
3,662
3,662
3,132
3,406
82,370
82,469
84,285
85,684r
85,192
45,098
43,451
43,589
43,250
42,432
3,645
3,663
3,600
3,590
3,578
85,932
86,725
86,085r
86,827
87,746
91,850
92,995
93,836
42,325
41,508
41,565
41,935
44,076
45,855
3,410
3,212
3,417
3,389
2,406
3,406
3,377
3,779
3,852
3,827
4,104
4,000
4,378
4,286
4,090
4,086
4,853
45,927
46,114
3,197
2,844
4,541
4,546
14,425
15,786
15,825
f 14,840
\ 14^895
^ 18,194
f 17,407
{ 17,340
f 15,975 4/
< 15^998 p
} 23,786
{ 23,775
h 51,209
{ 50,651
61,526
f 66,861 6/
/ 76,801
V 76,823
80,695
91,850
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarket
able U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations.
1/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania , Eastern Europe and We'stern European
dependencies in Latin America.
2/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
1,310
1:310
1,582
1,865
1,865
1,888
1^911
1,414
1,429
1,733
2,544
4,419
4,419
4,448
4,853
Asia
2,740
3,028
3,309
3,900
3*955
4,428
5,043
4,997
m
m
14,519
13,823
17,577
10,887
18,604
18,626
22,551
34,112
25,499
26,951
28,665
30,099
29,933
30,998
32,633
32,434r
33,438
33,907
34,112
35,561
36,458
Africa
Other
countries
2/
176
178
245
154
160
194
278
278
250
259
248
546
546
407
407
415
415
777
788
3,161
3,161
2,983
1,843
2,963
3,025
2,627
2,627
l,897r
1,781
2,731
2,718
2,805
3,141
3,245
2,020
1,907
1,774
l,777r
1,900
3,134
3,098
2,759r
2,414
1,925
1,843
2,065
1,896
1,624**
1,561
1,346
1,781
1,707
1,721
2,062
2,153
248
248
303
303
302
291
ft
871
870
coverage to those shown for the preceding date; figures on the second
line are comparable to those shewn for the following date.
Lj Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
j>/ Data on the second line differ from those on the first line because
certain accounts previously classified as ’’official institutions” are
included with ’’banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries, are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
r Revised.
April 1977
87
________ IN TERN A TIO N AL FINANCIAL STATTSTTr!S
T able IFS-4. - N onm arketable U.S. T reasury B on ds and N o tes
Issued to O fficial In stitu tio n s o f Foreign C ountries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year of
month
Total
Total
Belgium
251
893
1,440
1,692
695
1,563
3,330
3,181 U
3,563
9,657 5/
15,872
15,669 6/
16,339
19,976
20,648
_
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
14,210
14,867
18,377
19,102
20,051
20,151
20,151
20,251
18,452
18,552
18,552
18,652
18,552
18,202
18,204
19,277
19,552
19,102
19,102
19,002
19,645
_
32
32
32
32
20
_
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
1976-Mar.................
Apr.................
May.................
June................
July................
Aug.................
Sept................
Oct.................
Nov.................
Dec.................
20,151
19,801
19,803
20,876
21,131
20,648
1977-Jan.................
Feb.................
Mar.................
20,622
20,496
21,106
_
-
_
-
Canada
1/
Denmark
_
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
_
-
20
-
-
_
2,175
2,275
2,275
2,375
-
_
-
2,275
1,925
1,925
1,925
1,800
1,650
-
_
1,650
1,550
1,550
“
Germany
_
5,000
11,315
11,670
12,327
16,277
16,879
16,277
16,277
16,277
16,277
16,277
16,277
16,279
16,779
17,179
16,879
16,879
16,879
17,522
Italy
2/
Korea
_
_
-
Sweden Switzer
Taiwan Thailand
land
_
15
15
15
15
15
-
25
25
25
25
25
25
-
_
_
_
_
_
-
-
_
_
_
_
_
-
-
13
160
184
177
146
135
25
22
22
_
-
-
-
-
_
_
_
-
-
-
-
_
_
_
-
_
573
20
20
20
20
20
-
_
_
_
_
_
_
_
_
100
100
100
100
100
_
_
_
_
-
.
_
_
-
573
573
573
573
573
573
_
-
-
-
_
_
_
_
-
_
_
_
_
_
_
-
-
Payable in foreign currencies
End of
calendar
year or
month
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
1976-Mar.................
Apr.................
May.................
June................
July.................
Aug.................
Sept.................
Oct.................
Nov.................
Dec.................
1977-Jan.................
Feb.................
Mar.................
Total
251
730
1,086
1,208
342
1,047
1,638
1,750 U
1,083
1,827 3/
1,539
1,459 6/
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
Austria
Belgium
_
_
50
50
101
25
50
50
30
30
30
30
60
-
-
-
-
-
_
-
Germany
1/
_
275
679
602
50
601
1,051
1,084 U
542
612
306
_
_
Italy
200
200
-
125
125
125
226
125
-
-
-
_
-
-
-
-
-
-
-
_
-
_
-
_
-
-
-
Note: For further information, see "Public Debt Operations," Tables
PD0-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
2/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
_
_
Switzerland
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,599
1,579
1,546
1,520
1,494
1,461
Bank for
International
Settlements
70
93
_
_
-
-
_
_
_
_
_
-
_
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IFS-1.
A/ Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
j>/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IFS-1.
6/ Includes $15 million increase in March and $147 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
8 8
Treasury
-
Bulletin
I N T E R N A T I O N A L F IN A N C I A L S T A T I S T I C S _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
T a b le IFS-5. - U .S . P o s itio n in th e In te rn a tio n a l M o n eta ry F und
(In millions of dollars)
"
...
" Transactions affecting IMF holdings’0T"CtCIT3FS---------------during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
Pay
ments of
sub
scrip
tion in
dollars
2,063
1,031
1946-58.................
1959...................
I960...................
_
1961...................
_
1962...................
_
1963...................
_
I964....................
_
1965...................
776
1966...................
1967...................
_
1968...................
_
1969...................
1970................... ’1,155
1971...................
1972...................
541 £/
I973...................
754 8/
1974...................
_
1975...................
_
1976...................
1976-Mar................
May................
June...............
July...............
Aug................
Sept...............
Oct................
Nov................
Dec................
1977-Jan................
Feb................
Mar................
_
_
_
Net
gold
sales
by IMF
1/
600
_
_
_
150
_
_
_
_
_
_
_
22
712 2/
*
_
_
_
_
10
_
_
9
1
_
_
_
_
_
_
_
Net
borrow
ings by
IMF 2/
_
_
_
_
_
99
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
392
Trans
actions
in
foreign
curren
cies 2/
_
_
_
_
525
435
680
_
-84
150
1,362
200
-133
-
■_
_
_
_
_
_
_
_
_
_
21
_
_
IMF net
income
in
Purchases
dollars of
dollars 4/
-28
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
-47
-33
-59
-219
-572
-1,073
-442
-2,078
-47
2
11
16
17
16
18
12
15
20
20
19
25
-4
-7
-127
-15
-6
-146
-28
-8
-133
-6
-7
-132
-5
Note: The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in goLd and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Represents net loans made to the IMF under the General Arrangements
to Borrow.
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only to the extent that the Fund's holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
ij Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
*>/ Represents the United States gold tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund's
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota.
Repur
chases
in
dollars
1,098
442
580
521
719
207
5
_
1
_
_
268
741
40
_
_
_
Total
change
792
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
-1,265
-466
195
426
-2,214
-87
-232
-429
-140
-280
-233
37
70
-54
-169
-556
-72
-56
-285
-109
-513
-47
10
-111
-
_
74
20
40
25
-265
-339
-112
-54
90
35
-328
133
56
4
104
-121
20
—80
IMF holdings
of dollars at
end of period
Amount
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
5,562 2/
5,393 2/
4,836 2/
4,764 2/
4,500 2/
4,161 2/
4,049 2/
3,996 2/
3,668 9/
3,587 2/
3,691 V
3,570 2/
3,590 2/
Percent
of
U.S.
quota
U.S.
reserve
position
in IMF
at end of
period
5/
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
69
67
60
59
56
51
50
49
45
44
2,420
46
44
44
326
420
1,290
2,324
1,935
585
465
552
1,852
2,212
4,434
2,578
3,113
3,198
3,466
3,818
3,952
3,997
4,307
4,434
4,682 10/
4,819 IQ/
4,812 10/
6/ Includes $259 million gold subscription to the Fund in June 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
1/ Includes $30 million of special drawing rights.
8/ Represents amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
2/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
the U.S.
1976-Mar..............
58
26
31
_
-
1977-Jan..............
8
15
29r
Payable to
the IMF
_
_
-
8
2
12
20
_
34
_
lOr
Mar.............. .
9
10/ Includes valuation adjustments on net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
unit of account (SDR) , for each month as follows (in millions of
dollars):
-
Increase or
Decrease (-)
-4
lr
1
Less than $500,000.
Revised.
April 1977
89
_______ INTERNATIONALFINANCIALSTATISTICS________
T ab le IFS-6. - W eighted-Average o f Exchange R ate Changes for th e D ollar
(Percent change relative to exchange rates as of end- M a y 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of 46 main
trading countries 2/
-u.y
-4.8
Currencies of
OECD countries 2/
-2.0
-8.2
-9.4
-14.6
-16.0
-4.9
-9.6
-9.6
-10.9
-10.3
-4.6
-1.2
-11.2
-10.7
-10.1
-10.9
-11.1
-11.2
-11.8
-11.2
-8 2
-10*.3
-9.6
-9.1
-9.4
-4.5
-4.0
-3.4
-3.7
-3.8
-3.8
-2.4
—0.8
+0.9
+1.0
1/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though Sich weights do not provide a full
measure of individual currencies1 relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
Em = E(A$/fci * Mj/EM)
Where:
E^ is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fci is the percent change in the dollar
cost of foreign currency i; and
M^/Em is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
-0.1
+0.4
+0.4
(EQ2)
Ex = S(Afci/$ * Xj/EX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afci/$ is the percent change in the
foreign currency i cost of dollars; and
Xi/EX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export^weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E » [(Em * m/m+x)*(-l) ] + [Ex * x/m+x]
Where:
m/m+x is U.S. imports as a proportion
of its total trade with all-countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
2/ Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2/ The currencies of 46 IMF member countries which account for approximately
90$ of U.S. total trade,
p Preliminary.
Treasury Bulletin
90
CAPITALMOVEMENTS
RacKaround
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6f>o0 of January 1% 1°3<+, Execu
tive Order 100 *3 of February 3,
and Treasury regulations
promulgated thereunder. The regulations were amended in Jan
uary IQ1'" to acknowledge the effects of the International In
vestment Survey Act of 1°76 which provides additional author
ity for the collec+ ’o” of data on iinternational capital flows
and international investment. Statistics on the principal
types of data and the principal countries are published month
ly in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics are then consolidated and are pubLi shed by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effec
tive with reports as of May ^1, 1^6'. The report forms (for
merly Treasury Foreign Exchange Forms) were redesignated in
January J^77 as Treasury International Capital Forms, l/
The present form of the published presentation of the
"Capital Movements” statistics m s introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability* and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United'States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they axe known by reporting institutions
to be acting on behalf of foreigners.
In general, data axe reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions axe not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign offi
cial institutions are reported opposite the country to which
the'official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less. "Long
term" refers to obligations having an original maturity of
more than one yeax, and includes securities having no con
tractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branciies, agencies, subsidiaries, and other affll’ates in the United States of foreign firms. Institutions
which have total reportable liabilities, claims or securities
transactions below a specified exemption level are exempt from
reporting.
^anks file reports monthly covering their short-term and
long-term liabilities to and claims on foreigners; an exemp
tion of $500,000, based on the average for the report dates
during a six-"ionth period, including the current report date,
is applicable to reports in each of these categories. Twice
a year they also report their short-term dollar liabilities
to foreigners in countries not shown separately on the monthly
report of liabilities. Banks, securities brokers and dealers,
and in some instances, nonbanking concerns, report monthly
their transactions In securities with foreigners; the appli
cable exemption level is $500,000 on the grand total of pur
chases and on the grand total of sales during the month covered
by the report.
Quarterly reports are filed by exporters, importers, in
dustrial and commercial concerns, financial institutions other
than banks and brokers, and other nonbanking firms if their
liabilities or claims, on the six-months average basis, are
$500,000 or more. Such firms also report the liquid portion
of their claims for each month-end when they have reportable
claims of $3 million or more. The foreign credit and debit
balances of securities brokers and dealers were reported quar^-,erly through March 1976; the exemption level applicable to
these reports was $100,000.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin" in gi* sec
tions. Each section contains all the data relevant to the
same statistical series, with tables shewing time series by
type and country, and the detailed breakdowns of the latest
available data.
Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment" of the Fund, however, are included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities*
Sections III and IVshowrespectively the liabilities
91
April 1977
CAPITALMOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics” section, Table IFS-4). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated in the balance of payments
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers artd> sellers of the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions axe the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Commerce in its regular reports on the
United States balance of payments.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
92
Treasury Bulletin
.CAPITALMOVEMENTS.
S ection I - L iab ilities to F oreigners R eported by Banks in th e U n ite d S ta te s
Table CM-I-1. - S h ort-T erm L iab ilities by Type o f F oreign H older
(In millions of dollars)
Foreign countries
End of
calendar year
or month
1957............
1958............
1959............
I960............
1961 5/.........
1962 5/.........
1963............
1964 5/.........
1965............
1966 5/.........
Total
short
term
liabili
ties
Official institutions 1/
Total
Payable
in
dollars
Total
14,383
15,367
17,261
18,701
13,641
14,615
7,917
8,665
7,917
8,665
16,231
17,260
9,154
10,212
9,154
10,212
f 20,015
\ 20,098
/ 21,958
^ 21,958
22,877
18,699
18,781
19,908
19,874
21,330
10,940
10,940
11,997
11,963
12,467
10,893
10,893
11,949
11,915
12,437
Payable
in
foreign
currencies
46
46
48
48
30
International and regional
Banks and other foreigners
Payable in dollars
Payable
in
Total
foreign
Other
Banks
foreigners currencies
3,413
3,460
4,601
4,705
5,724
5,950
7,076
7,047
5,299
5,380
7,759
7,841
7,911
7,911
8,863
5,251
5,251
5,713
23,849
23,900
13,224
13,220
13,224
_
-
25,551
2^,072
13,066
f 27,724
26,343
26,219
29,370
29,232
12,484
12,539
13,066
11,968
12,022
13,882
13,876
10,855
517
517
152
152
15,337
15,205
10,023
9,864
11,132
11,008
463
18,916
14,298
f 25,467
25,518
13,220
2,252
2,430
2,398
2,230
2,356
2,357
59
59
77
Total
IMF
gold
invest
ment 2j
Non
monetary
interna
tional and
regional
2/
742
752
1,031
1,442
200
200
542
552
500
531
751
691 u
613 U
613 U
2,564
2,564
3,046
113
104
104
95
95
104
1,317
1,317
2,050
2,084
1,547
800
800
3,354
3,376
118
90
1,618
1,618
800
800
818
818
679
581
581
739 U
704
704
1,250
1,284
808
10,625
10,680
11,006
7,360
3,587
13,859
13,680
3,743
3,743
4,128
4,120
59
93
72
1,479
1,381
1,381
77
77
1,287
1,273
800
800
800
800
800
4,444
173
1,483
800
487
473
683
1,409
1,413
800
800
609
613
7,153
7,213
1968............
( 27,599
/ 30,657
^ 30,505
31,717
1969 5/.........
f 40,040
^ 40,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1970 5/.........
41,719
41,761
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
53,632
53,661
13,954
14,643 6/
19,284
23,196
10,034
10,721 6/
14,340
17,224
228
228
325
5,503
469
1,772
1,767
1,413
1,955
1,372
1,367
69,074
158
165 2/
171
127 8/
3,692
3,694
4,618
1973............
39,521
39,679
39,018 6/' 38,854 6/
40,000
39,829
43,796
43,923
400
400
1972............
f 55,404
^ 55,428
60,697
-
1,413
1,955
127
127 8/
-
38,619
38,520
39,532
50,021
29,676
29,467
28,966
36,710
8,304
8,414
639
639
549
719
3,171
3,171
_
-
3,171
3,171
43,167
40,586
45,947
46,916
43,276
45,671
44,077
46,115
48,339
47,696
50,021
32,478
29,915
34,4a
35,640
31,955
34,086
32,192
33,944
36,178
34,608
3o,710
45,838
46,374
32,637
32,489
642
567
763
727
687
667
661
697
762
776
719
722
794
4/,’520
4,769
5,519
5,512
5,365
5,671
5,649
5,966
5,102
5,506
5,450
4,650
3,957
1967 5/.........
1971 5/.........
1974 2/.........
1975............
1976............
1976-Feb.......
lifer.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
Nov.......
Dec.......
1977-Jan.p.....
Feb.p.....
f 94,847
30,234
59,284
67,119
91,676
91,600
14,034
14,027
11,318
108,949
103,499
53,057 ' 52,930
52,952
53,079
49,513
49,513
53,478
53,478
98,142
94,877*
102,026
104,041
98,680
101,837
100,972
101,736
102,458
102,475
10$,949
93,622
90,108
96,507
98,528
93,315
96,166
95,323
95,770
97,356
96,969
103,499
50,454
49;522
50,561
51,613
50,039
50,496
51,246
49,654
49,017
49,273
53,478
104,953
105,115
100,303
101,159
54,465
54,784
^ 94,771
94,338
89,046
50,454
49,522
50,561
51,613
50,039
50,496
51,246
49,654
49,017
49,273
53,478
54,465
54,784
_
_
_
-
1/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
2/ Principally the International -Bank-for Reconstruction and Development
and the Inter-American Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
lj In addition, IMF gold investment included investments in U.S. Government bonds and notes which amounted to $109 million at end i960, $187
million at end 1961, and $61 million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
6/
2/
8/
p
10,017
12,592
10,048
10,104
10,743
10,548
10,634
10,918
11,223
11,474
11,399
12,312
12,592
12,479
13,091
5,293
5,450
5,293
5,450
_
-
4,520
4,769
5,519
5,512
5,365
5,671
5,649
5,966
5,102
5,506
5,450
4,650
3,957
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures can the second
line are comparable to those shown for the following date*
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
April 1977
93
____________ CAPITALMflVRMRNTS
Section I - L iab ilities to Foreigners Reported by B anks in th e U n ited S ta tes
Table CM-I-2. - Short-T erm L iabilities by T yp e o f L ia b ility
Part A - Foreign C ou n tries
(in millions of dollars)
1
Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
year
or month
Total
foreigi
coun
tries
Deposits
Demand
1957
1958
1959
1960
1961 2/...
1962 2/...
1963
1964 2/...
13,641
14,615
16,231
17,260
/i8,699
118,781
\19J874
21,330
(2 3 , 8 4 9
1965,
\23,900
24,072
1966 o /
(26,343
1968
\26^219
/29,370
\29,232
30,234
1969 2/...
[38,631
1967 2/...
1970 2/...
£8,786
J40,499
^40,541
1971 i/4/.. p3,632
\53,661
1972
1973,
59,284
67,119
J91,676
1974 2/... \91,600
89,046
1975,
1976 ...... 103,499
1976-Feb..., 93,622
Mar..., 90,108
Apr.... 96,507
May.... 98,528
June... 93,315
July.., 96,166
Aug.... 95,323
Sept.., 95,770
Oct..., 97,356
Nov..., 96,9691
Dec,... 103,499
1977-Jan. p. 100,303
Feb. p. 101,159
2/
2/
2/
ij
Time
2/
2,644
3,394
2,695
2,671
2,782
2,799
2,632
2,932
2,380
2,544
2,706
2,685
3,394
2,931
2,411
Other
short
term
liabili
ties 2/
4,246
4,392
5,738
6,193
6,412
6,412
7,759
7*759
7,548
7,554
7,554
7,186
6,316
6^316
7,985
7,985
5,486
612
762
582
982
1,092
1,092
928
922
1,036
1,259
1,259
1,483
1,361
1*360
1,380
1,378
2,951
3,844
2,942
3,844
2,554 13,367
13,367
2,554
2,504 32,311
2,039 i/32,311
2,880 31,453
3,911 31,511
4,257 34,656
4,167 34^656
3,423 34,182
2,335 37,675
2,908 36,761
2,630 34,989
2,330 36,183
2,400 36,846
2,395 35,519
2,251 36,016
2,207 36,974
2,144 35,653
2,127 35,241
2,149 34,656
2,335 37,675
2,456 38,031
2,376 39,555
2,139
2,158
1,612
1,612
3,086
3,177
3,905
6,248
11,066
11,178
3, 059
3, 511
2,834
3,038
3,389
3,389
3,2,61
3^234
1,402
2,451
2,820
1,591
2,816
1,591
2,862
1,535
2,612
1,679
2^668
1,679
2,462
2,054
2,458
2,054
2,149
1,899
1,918
1,930
1,652
1,652
1,620
1,3274/
1,591
2,125
2,951
2*951
U.S.
Treasury
bills ant
certifi
cates
1,321
9,264
10,075
8,091
9,232
9,266
9,568
9,493
9,297
; 9,685
9,314
8,943
9,783
10,075
11,047
10,443
Payable
in
foreign
cur
rencies
_
46
46
48
48
30
_
517
517
152
152
463
202
202
148
148
158
165 1/
171
127 6/
127
127
_
_
_
Other foreigners
Banks
Deposits
Demand
Other
U.S.
Treasury short
term
bills and liabili
certifi ties 2/
cates
Time
2/
2,'737
017
3,1
3,.369
4,■210
4,854
4,917
4,
4,678
4,102
5,006
5,027
4,941
6,795
6,636
7,933
7,763
10,374
838
967
967
900
1,243
1 J243
1,142
1,142
1,273
1,988
1,999
1,326
1,354
850
3,399A/' 320 JJ
4,658
405
529
6,941
8,248 ' 1,942
1,910
8,231
16,745
16,756
12,376
12,385
7,047
7,534
9,104
7,417
7,247
7,883
7,737
8,099
7,987
7,929
1,942
2,479
2,036
2,268
2,310
8,361
8,897
9,104
2,084
1,884
2,275
2,206
2,578
2,291
1,949
2,479
8,474
9,387
2,071
1,773
8,233
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches whiclj were previously reported as
5/
6/
p
158
131
492
76
43
43
83
83
68
142
142
113
137
137
129
129
30
20
20
14
14
8
8
5
11
232
232
335
169
275
214
134
151
154
155
162
176
223
174
169
172
152
518
312
740
419
402
420
490
490
704
1,039
1,077
1,406
1,8A2
1J848
1,927
1,973
2,621
4,658
4,644
3,202
3,197
2,130
6,995 A /
9,272
9,743
19,254
19,094
19,155
24,957
22,749
20,187
24,114
25,668
21,818
Deposits
Demand
Time
2/
I,'766
1,951
1,833
1,849
1,976
1,977
2,096
2*096
1,493
1,523
1^531
1,574
1,513
1J513
1,693
1,693
1,797
1,709
1,711
1,688
1*688
1,660
1,660
23,669
21,895
22,956
25,303
23,589
24,957
1,955
2,143
2,729
2,729
3,248
4,015
3,120
3,043
3,439
3,219
3,146
3,307
3,505
3,686
3,335
3,943
4,015
21,920
21,177
3,743
4,091
966
1,257
1*271
1,594
1,§12
1*819
2,052
2,054
2,199
1,811
1,935
1,886
1*895
1,663
1,666
2,116
2,359
3,796
3,744
4,823
6,524
5,103
5,247
5,392
5,419
5,527
5,527
5,618
5,771
5,965
6,461
6,524
6,47?
6,348
U.S.
Treasury
bills and
certifi
cates
Other
short
term
liabili
ties 2/
Payable
in
foreign
cur
rencies
278
306
295
148
149
149
116
116
209
174
270
233
230
230
352
352
59
59
77
113
104
104
95
95
119
72
72
87
83
83
81
81
86
469
502
503
332
329
329
302
292
362
104
118
90
59
107
107
i3i
131
96
96
312
65
68
277
277
342
198
293
276
361
372
335
333
353
259
274
209
198
183
229
312
325
325
274
271
481
933
1,502
1,664
1,604
1,854
1,532
1,538
1,551
1,538
1,626
1,751
1,747
1,759
1,824
1,700
1,854
1,880
1,924
22
72
77
77
173
226
226
220
220
228
228
325
469
639
639
549
719
642
567
763
727
687
667
661
697
762
776
719
722
794
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions" are in
cluded with " banks"; and a number or reporting banks are included in
the series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to refljet market exchange rates,
Preliminary.
Treasury Bulletin
94
.CAPITALMOVEMENTS.
S ection I - L ia b ilities to Foreigners Reported b y B a n k s in th e U nited S tates
T ab le CM-I-2. - Short-Term L ia b ilities by T yp e o f Liability—Continued
P art B - International and R egional O rganizations
(In millions of dollars)
Nonmonetary international and regional organizations 2/
End of
calendar year
or month
Total
interaational
and regional
742
752
1957.........................
1,031
1,442
1962 j>/
f
^
f
^
1969 5/......................
f
1Q*71
(
1974 5/
1976 ........................
1976-Feb......................
Mar......................
Apr......................
May.......... ...........
June.....................
July.....................
Aug......................
Oct......................
f
V
D
490
691 y
219
343
449
532
613 y
800
800
354
540
568
294
572
572
739 y
800
400
400
1,413
1,955
-
5,450
4,520
4,769
5,519
5,512.
5,365
5,671
5,649
5,966
5,102
5,506
5,450
4,650
3,957
U.S. Treasury
bills and
certificates
209
76
1,772
1,767
3,171
3,171
5,293
Time 2/
Demand
200
500
1,413
1,221
1,287
1,273
1,483
Deposits
200
800
800
800
800
800
800
400
1,479
1,381
1966.........................
1QfrJ /
1,317
2,050
2,084
1,547
1,618
IMF gold
investment:
U.S. Treasury
bills and
certificates l/
-
_
-
_
1/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund
to the United States to acquire income-earning assets. Upon termintion of investment, the same quantity of gold was reacquired by the
International Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for International Settlements and European Fund. Includes differences between
cost value and face amount of securities in IMG gold investment
account ($14 million at end 1971).
2/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
70
66
384
207
200
42
56
67
67
68
62
139
124
120
113
83
159
192
192
202
69
73
73
86
101
83
111
111
148
208
162
192
193
185
160
192
148
151
164
199
208
230
239
139
139
139
290
118
130
140
91
258
483
379
331
256
287
290
166
209
215
231
170
212
178
178
394
244
211
211
211
326
296
497
497
2,554
2,701
2,435
2,495
2,739
2,876
2,236
3,129
3,475
4,031
3,196
3,604
2,701
2,890
2,824
Other
short-term
liabilities
2
*
6
*
55
138
145
138
314
266
173
118
107
108
224
381
896
892
800
1,474
2,424
2,424
2,451
2,251 6/
1,806 6/
1,952 y
2,447 £/
2,361 £/
2,711 6/
1,868 £/
1,64? 6/
1,453 6/
1,486 6/
1,416 6/
2,251 6/
1,364 6/
684 6/
ij In addition, IMF gold investment included investments in U.S. Gov
ernment bonds and notes which amounted to $109 million at end i960,
$187 million at end 1961, and $61 million at end 1963.
£/ Data on tne two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
6/ Includes liabilities payable in foreign currencies as follows
(in millions of dollars):
1976-Fe b
12
Mar.... 5
Apr.... 5
May.... 5
June.....5
July... 6
Aug.... 8
Sept... 4
Oct.... 4
Nov.... 4
Dec.... 5
1977-Ja..... n
4
Feb......6
p Preliminary.
* Less than $500,000.
April 1977
95
.CAPITALMOVEMENTS.
SectionI - Liabilities to Foreigners ReportedbyBanks intheUnited States
Table CM-I-3. - Short-TermLiabilities byCountry
T
Country
Europe:
Austria......................
Belgium-Luxembourg...........
Denmark......................
Finland......................
France.......................
Germany......................
Greece.......................
Italy........................
Netherlands..................
Norway.......................
Portugal.....................
Spain........................
Sweden.......................
Switzerland..................
Turkey.......................
United Kingdom...............
Yugoslavia...................
Other Western Europe........
Poland.......................
U.S.S.R......................
Other Eastern Europe........
Total Europe.................
Canada.........................
Latin America:
Argentina....................
Bahamas ......................
Brazil.......................
Chile........................
Colombia.....................
Cuba....... ............ .....
Ecuador^— ...................
Mexico.......................
Panama.......................
Peru.........................
Trinidad and Tobago ........
1976
Calendar year
1974 1/
607
2,506
369
266
4,287
9,420
24 8
2,617
3,234
1,040
310
382
1,138
9,986
152
7,559
183
4,073
55
82
1511
1975
607
2,506
369
266
4,287
9,429
248
2,577
3,234
1,040
310
382
1,138
10,139
152
7,584
183
4,073
55
82
151 r
754
2,898
332
391
7,733
4,357
284
1,072
3,411
996
195
426
2,286
8,514
118
6,886
126
2,970
66
40
134 r
1977
Dec.
Jan. p
Feb. p
1976
Sept.
Oct.
Nov.
348
2,268
363
419
4,875
5,965
403
3,206
3,007
785
239
565
1,693
9,453
10,001
188
2,672
77
51
178
335
1,946
317
415
4,363
5,964
337
1,574
2,565
789
193
540
1,979
9,016
65
7,296
128
2,103
n.a.
70
182
334
1,879
372
407
4,409
6,532
405
1,583
2,534
690
177
506
1,295
8,332
74
7,953
131
2,089
n.a.
80
184
332
2,085
416
378
4,642
5,418
378
2,884
2,694
740
206
478
1,420
8,846
88
8,401
147
2,639
n.a.
84
203
348
2,268
363
419
4,875
5,965
403
3,206
3,007
785
239
565
1,693
9,453
166
10,001
188
2,672
77
51
178
373
2,376
419
389
4,701
5,304
421
2,858
2,832
566
172
492
1,613
9,571
85
8,844
113
2,263
76
47
96
401
2,411
419
367
4,596
5,487
346
2,703
2,786
823
228
546
1,593
9,661
82
8,711
121
2,092
72
45
90
166
48,668
48,813
43,988
46,925
40,177
39,967
42,480
46,925
43,614
43,581
3,517
" 3,520
3,076
4,7 8j4
4,796
' 4,033
3,944
4,784
4,519
4,900
1,448
1,034
276
305
7
1,054
1,034
276
305
7
1,437
2,628
1,132
325
767
6
208
2,348
912
236
1,374
4,817
1,323
298
804
6
216
2,475
866
247
1,293
2,654
1,168
315
922
6
270
2,860
1,188
243
1,538
2,789
1,432
335
1,017
6
319
2,848
1,140
257
1,648
1,979
1,292
325
1,090
6
332
2,710
909
244
1,820
2,553
1,272
302
1,152
6
330
2,782
1,002
228
886
1,147
1,827
1,227
317
417
122
122
6
120
1,770
488
272
1,770
510
272
2,066
1,099
244
1,538
2,789
1,432
335
1,017
6
319
2,848
1,140
257
107
147
3,413
1,087
131
172
3,289
1,245
170
1,311
167
245
3,060
1,576
177
1,874
117
244
3,208
1,425
253
1,883
46
233
2,644
1,414
204
1,674
25
238
3,009
1,445
152
1,472
167
245
3,060
1,576
177
1,874
70
250
2,986
1,631
207
1,801
46
239
2,921
1,859
206
1,647
Bermuda.................
116
British West Indies............
Netherlands Antilles 2 / .......
Other Latin America............
379
107
165
3,413
1,087
116
449
158
24
158
24
129
26
140
90
147
212
160
264
157
266
140
90
151
204
157
142
Total Latin America............
12,038
11,754
14,942
19,010
17,490
19,065
17,684
19,010
17,836
18,665
50
818
530
261
1,221
386
10,897
384
126
63
91
747
245
7
333
50
818
530
261
1,221
389
10,931
384
126
63
91
747
245
7
333
123
1,025
623
126
369
386
10,218
390
117
77
74
698
256
26
252
47
985
892
648
340
385
14,380
437
140
396
189
627
280
35
275
45
1,122
874
935
995
300
14,424
350
135
n.a.
n.a.
622
271
18
215
48
1,182
887
1,048
1,154
310
14,664
366
108
n.a.
n.a.
582
289
15
223
59
1,092
859
910
314
325
14,736
324
113
n.a.
n.a.
606
324
14
244
47
985
892
648
340
385
14,380
437
140
396
189
627
280
35
275
47
1,058
941
510
695
430
14,481
448
123
405
99
602
245
301
47
1,158
1,039
559
546
547
13,358
483
138
421
184
554
257
17
313
4,623
6,461
21,073
21,130
21,539
8,073
332
28,461
7,198
852
28,406
7,741
1,128
29,745
8,124
937
28,982
8,073
332
28,461
9,029
355
29,789
9,276
361
29,258
103
103
18
18
39
38
39
38
343
23
53
130
130
84
2,814
326 r
84
2,814
326 r
169
63
2,239
416 r
333
27
77
88
143
35
1,115
482
186
36
n.a.
80
165
37
2,075
497
213
19
n.a.
85
183
45
1,732
505
171
19
n.a.
72
132
64
1,321
502
333
27
77
88
143
35
1,115
482
209
18
76
97
211
48
1,033
515
244
35
89
105
155
41
1,125
611
Total Africa.
3,551
3,551
3,373
2,300
3,076
2,782
2,281
2,300
2,207
2,406
Other countries:
Australia.
All other.....
2,742
____ 89_
2,742
2,014
114
1,911
108
1,711
114
1,645
119
1,486
112
1,911
108
2,224
116
2,231
118
Uruguay........................
Venezuela......................
Other Latin American Republics.
As i a :
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
India......
Indonesia...
Israel.....
Japan......
Korea......
Lebanon....
Malaysia.. .
Pakistan....
Philippines.
Singapore,.,
Syria.......
Thailand....
Middle East oil-exporting
countries 2 / .............
Other A s i a ............... .
Total A s i a ............... ■
Africa:
Egypt......................
(Thana............. ..........
Liberia.....................
Morocco....................
South Africa............
Zaire......................
Oil-exporting countries 4/.
Other Africa...............
4,633
281 r
68
18
Total other countries....
2,831
2,831
2,128
2,019
1,824
1,763
1,598
2,019
2,339
2,348
Total foreign countries....
91,676
91,600
89,046
103,499
95,770
97/356
96,969
103,499
100,303
101,159
2,900
25
2,900
25
202
202
1
1
5,613
12
154
162
24
4,717
8
182
170
24
5,091
22
136
175
26
4,300
13
160
146
31
3,599
13
177
43
5,091
22
136
175
26
5,109
28
160
43
_____ 1
5,064
7
187
34
3,171
3,171
5,293
5,450
5,966
5,102
5,506
5,450
4,650
3,957
94,847
94,771
94,338
108,949
101,736
102,458
102,475
108,949
104,953
105,115
International and Regional
International............
European regional.
Latin American regional.....
Asian regional...............
African regional.............
Total international and regional
Grand total..................
1/
2J
Data in the two columns for this date differ because of changes
in reporting coverage. Figures in the first column are comparable
in coverage to those shown for the preceding date; figures in the
second column are comparable to those shown for the following date.
Through December 31, 1975, Surinam included with Netherlands Antilles.
U
p
*
184
23
dxxij xx cluj j.1
Auwaix, uman,
the United Arab Emirates (Trucial States).
Includes A l e e n a , Gabon, Libya, and Nigeria,
Preliminary.
n.a.
Not available.
Less than $500,000.
r Revised.
133
35
96
Treasury Bulletin
.CAPITALMOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of February 28, 1977
Preliminary
(Position in millions of dollars)______________________________________________
Short-term liabilities payable in dollars
To all other foreigners
To foreign banks and official institutions
Country
Europe*
Austria..............
Belgium-Luxembourg...
Denmark..............
Finland..............
France...............
Germany..............
Greece...............
Italy................
Netherlands..........
Norway...............
Portugal.............
Spain................
Sweden...............
Switzerland..........
Turkey...............
United Kingdom......
Yugoslavia...........
Other Western Europe.
Poland...............
U.S.S.R... ..........
Other Eastern Europe.
Total Europe.
Latin America:
Argentina.......................
Bahamas...... .
Brazil..........................
Chile...........................
Colombia........................
Cuba............................
Ecuador.........................
Mexico..........................
Panama..........................
Peru............................
'Trinidad and Tobago............
Uruguay.........................
Venezuela......................
Other Latin American Republics.
Bermuda.........................
British West Indies............
Netherlands Antilles...........
Other Latin America............
Total Latin America.
A sia:
China, People’s Republic of
(China Mainland)...........
China, Republic of (Taiwan).,
Hong Kong................... .
India........................
Indonesia................... .
Israel........................
Japan.........................
Korea.........................
Lebanon..................... .
Malaysia.................... .
Pakistan.................... .
Philippines................. .
Singapore................... .
Syria.........................
Thailand.................... .
Other Asia.................. .
Total Asia.
Total
short
term
liabilities
401
2,411
419
Deposits 1/
U.S.
Treasury
bills and
certif
icates
387
2,188
397
351
4,441
5,234
72
291
89
95
478
902
192
1,311
302
_
3,152
4,138
286
166
60
2,703
2,786
823
228
546
1,593
9,661
2,565
2,682
734
159
380
1,569
8,716
528
377
224
96
269
183
1,687
75
1,331
1,789
8,711
1,113
87
599
42
31
74
2,235
-
2,092
72
45
90
7,860
116
2,072
54
44
82
43,581
40,395
4,900
4,009
1,820
2,553
1,272
882
2,351
1,051
108
858
367
4,596
5^4*7
346
82
121
302
1,152
6
1
330
2,782
219
645
353
97
36
65
1,487
969
35
1,501
59
1,002
228
46
239
2,921
1,859
206
1,647
157
142
18,665
112
10,826
705
517
22
33
110
266
4,698
1
183
1
*
4,512
30
1,290
12
13
8
123
101
88
68
158
22
922
5
762
4
21
1
1
6
7,478
18,664
14,253
2,832
1,888
333
1,063
2,614
664
468
242
227
7
3
_
326
_
412
913
124
222
195
293
5
111
2,133
649
131
11
909
97
217
192
288
5
110
1,984
367
130
11
174
1,432
890
171
96
98
30
143
1,370
829
137
91
73
29
*
3
*
*
*
7
20
1
*
10
*
194
488
98
174
1
147
328
74
85
6
57
380
414
15
442
25
59
3,229
224
13
284
9,184
488
30
*
1,120
2,331
3
6
*
3
126
1
*
8
53
*
45
144
19
625
5
277
3
17
1
1
4
26
*
-
459
1
4
*
1
16
4
1
1
9
3
22
88
*
17
*
2
88
856
354
86
110
227
4
24
4
3
5
1
5
*
31
61
61
24
5
20
1
26
78
*
*
*
4
*
*
*
*
2
*
*
50
*
*
47
648
161
*
*
1
11
-
84
876
6,721
7,677
6,982
12
262
356
127
263
147
2,471
123
45
41
134
164
179
*
33
3,314
7
178
460
26
16
41
199
20
32
4
9
144
31
4
29
453
7
175
446
19
16
40
120
13
32
4
7
130
29
4
29
284
7,670
1,652
1,353
2
*
_
_
38
3
790 2/
52
*
12
1
10
2
145
7
10
71
3
28
8
81
6
10
58
3
28
8
79
142
262
*
*
4
*
*
1
*
*
*
*
* 2/
3
10
7
* 1
1
78
7
*
*
1
14
2
_
*
169
23
*
1
*
*
2
*
*
6
293
38
29,258
27,568
3,616
Africa:
Egypt.........
Ghana.........
Liberia......
Morocco......
South Africa..
Zaire.........
Other Africa..
244
35
89
105
155
41
1,736
238
119
34
1,655
183
24
6
102
71
28
720
2
_
*
*
8
_
*
Total Africa..
2,406
2,190
1,134
834
223
208
193
*
15
9
Other Countries:
Australia....
All other....
2,231
118
124
33
1,967
22
96
43
41
17
39
16
1
*
1
1
3
2
158
15,947
1,989
^y,v ue>
139
31,620
58
"13,091
55
10,939'
2
5
367
13
53
5
1
2,716
_
507
47
124
-
9
*
*
*
1
9
*
*
*
1
-
_
_
-
_
71
4
33
439
16,386
2,824
42,531
_
.'"229
_
32,299
1,924
6
....799
Total other countries....
Total foreign countries.....
International and regional:
International.............
European regional.........
Latin American regional...
Asian regional............
African regional..........
24
18
102
2,187
______ 99_
2.348
101,159
2.286
3,599
13
177
133
35
3,590
13
171
133
____ 34
Total international and regional.
Grand total.........................
1/
2/
*
91,211
16,281
*
17
1
*
5
46
3
*
-
3
5
6
2
24
14
2
266
*
143
160
2
3
1
1
311
79
324
174
9,863
90
327
1
187
4,925 2/
2/
xxaui-Lxoxets
payable
in
foreign
currencies
1
15
2
*
*
*
30
*
2,149
560
10
359
*
69
317
278
12
29
8
964
395
19
1,056
33
52
3
_
1
_
Other
*
57
117
80
416
410
1/
60
175
463
105
Deposits
10
77
19
16
139
149
421
13,136
Total
11
96
21
16
148
200
184
554
257
17
313
9,638
40
980
579
522
531
505
1/
123
587
6
256
811
194
60
29
407
144
71
93
358
802
250
60
48
40
245
45
13
64
945
47
1,158
1,039
559
546
547
13,358
483
138
Other
U.S.
Treasury
bills and
certif
icates
678
10
13,101
10
.. 10
1
*
*
*
*
-
13
*
_
- 2/
_
1
229 '
w
6
-
Deposits exclude negotiable time certificates of deposit, which are included m "Other" short-term liabilities.
U.S. Treasury bills and certxficates held in custody for the account of oil-exporting countries in "Other Asia" and “Other Africa" amounted to $ 5 ,436 .
Less than $500,000.
97
April 1977
____________________________________ C A P IT A L M O V E M E N T S ___________________________________.
Section I - L iab ilities to Foreigners R eported by B anks in th e U nited S ta tes
T ab le CM-I-5. - Short-Term L ia b ilitie s, Countries and Areas N o t R egularly Reported S ep arately
(Position at end of period in millions of dollars)
Calendar year
Apr.
Dec.
Apr.
Dec.
1972
1973
1974
1975
1975
1976
1976
3
9
17
3
4
19
8
62
4
8
7
21
29
10
4
17
20
29
8
31
6
33
75
6
8
38
43
39
7
6
69
40
n.a.
7
7
5
10
2
6
5
8
16
18
2
7
12
17
36
34
3
36
14
25
13
11
2
18
11
14
19
32
2
17
13
44
13
10
2
3
10
28
34
21
n.a.
n.a.
19
19
87
27
58
41
61
22
1/
68
86
118
90
156
6
21
56
39
99
29
1/
96
118
128
129
219
22
35
88
69
127
46
1/
93
120
214
144
255
22
34
92
62
125
38
1/
110
124
169
171
260
45
38
99
41
133
43
104
69
149
128
177
36
33
69
49
89
43
12
133
141
275
178
397
33
47
137
35
119
49
n.a.
4
2
4
3
7
3
8
8
9
5
4
5
13
10
Yemen (Aden).............................
25
72
2
3
4
2
11
5
135
1
22
9
12
2
6
3
16
13
88
1
18
21
65
4
22
3
25
14
126
1
19
50
49
4
30
5
22
13
70
4
41
54
31
4
39
2
28
13
62
2
54
41
34
3
20
2
34
9
33
2
57
n.a.
13
n.a.
37
1
33
23
66
5
Other Africa:
Ethiopia (including Eritrea)................
F.T.A.I. (French Somaliland)................
Ivory Coast..............................
Kenya...................................
Mozambique..............................
Southern Rhodesia.........................
Sudan...................................
Tanzania................................
Tunisia.................................
Uganda..................................
Zambia..................................
57
1
6
23
6
2
3
11
10
7
28
79
1
10
23
8
2
3
12
7
6
22
95
3
7
31
22
2
4
11
19
13
22
76
4
11
32
14
3
14
21
23
38
18
60
2
62
19
10
1
12
30
29
22
78
70
6
76
37
16
1
17
18
33
50
14
41
n.a.
10
46
22
1
22
n.a.
20
43
n.a.
Other Countries:
New Zealand..............................
U.S. Trust Territory of the Pacific Islands...
30
12
39
11
47
11
36
11
42
11
29
*
45
13
Country
Other Western Europe:
Iceland.................................
Malta...................................
Monaco..................................
Other Eastern Eurone:
Bulgaria................................
Czechoslovakia...........................
Estonia.................................
German Democratic Republic.................
Hungary.................................
Romania.................................
Other Latin American Republics:
Bolivia.................................
Costa Rica..............................
Dominican Republic........................
El Salvador..............................
Guatemala...............................
Guyana..................................
Haiti...................................
Honduras................................
Jamaica.................................
Nicaragua...............................
Paraguay..............................
Surinam 1/..............................
92
114
76
132
8
1/
O ther Lat i n America:
Belize..................................
French West Indies and French Guiana.........
Other Asia:
Afghanistan..............................
Bangladesh..............................
Burma...................................
Cambodia................................
Jordan..................................
Laos...................................
Nepal...................................
Sri Lanka...............................
V i e t n a m (formerly V i e t - N a m & N o r t h V i e t - N a m ) ....
Note:
Data represent a partial breakdown of the amounts shewn for the
corresponding dates for the "Other" geographical categories in the
regular monthly series in the Treasury Bulletin.
l/ Surinam included with Netherlands Antilles through December 1975.
n.a. Not available,
* Less than $500,000.
98
Treasury Bulletin
_____________ CAPITALMOVEMENTS_____________
S ection I - L iab ilities to Foreigners R eported by B anks in th e U n ited S tates
T able CM-I-6. - Long-Term Liabilities by T y p e
(Millions of dollars)
Payable in dollars
End of
calendar year
or month
.
1976 ......................
Mar....................
Apr....................
June...................
July...................
Aug....................
Nov....................
Dec....................
1977-Jan. p.................
Feb. p.................
1/
2/
Total
long-term
liabilities
Foreign countries
Total 1/
Official
institutions
10
2
1
7
2
7
28
204
203
988
1,858
1,863
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
1,807
1,807
2,389
1,600
913
437
Banks
Other
foreigners
International
and regional
_
-
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
42
106
311
506
35
40
689
698
40
40
53
56
87
87
100
79
100
194
777
889
1,395
2,108
2,341
1,505
695
144
93
93
310
124
931
1,352
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
15
15
8
55
165
237
*238
238
291
261
364
561
1,882
2,095
2,110
2,097
2,218
1,594
1,912
1,911
1,960
2,028
1,025
1,317
1,357
1,404
1,465
461
480
423
419
422
2,271
2,242
2,206
2,315
2,310
2,393
2,035
1,991
1,986
1,962
1,978
2,108
1,454
1,402
1,386
1,314
1,313
1,352
438
440
441
479
500
561
2,353
2,245
2,066
1,963
1,262
1,180
580
553
107
115
131
137
141
143
149
159
170
165
194
224
230
10
2
1
7
2
7
69
310
513
1,494
( 2,546
^ 2,560
3,166
2,490
1,703
902
f 1,000
1,018
1,462
1,285
1,812
2,393
417
417
700
464
Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
7$9
446
562
580
761
822
415
261
286
182
197
135
189
235
246
214
333
308
261
264
259
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
_
-
_
1
1
20
21
21
-
2
24
2
2
2
2
1
1
5
5
20
24
24
24
24
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
n.a. Not available,
p Preliminary.
99
April 1977
.CAPITALMOVEMENTS.
SectionI - Liabilities to Foreigners ReportedbyBanks in the UnitedStates
Table CM-I-7. - Long-TermLiabilities byCountry
Country
1973
Europe:
5
15
*
-
1
159
*
1
*
*
*
1
*
9
*
66
*
213
n.a.
_
_
Latin Ajnenca:
Chile............................
Ecuador.........................
Panama ... T
T
Peru...........
,, f, rtT , _
1
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong.......................
India............................
Indonesia.......................
Israel...........................
Japan............................
Korea............................
Malaysia........................
Philippines.....................
Singapore.......................
Syria............................
Thailand........................
Middle-East oil-exporting
Total Asia......................
Africa:
Egypt...............................
Ghana............................
Liberia ..........................
Morocco..........................
South Africa....................
Zaire............................
Oil-exporting countries 2 / .....
Other Africa....................
28
6
*
39
*
-
*
-
*
-
*
1
*
*
*
*
*
2
*
59
*
8
n.a.
-
2
214
*
1
*
*
*
1
4
7
*
66
*
*
n.a.
-
9
313
*•
6
5
*
*
3
*
16
*
132
*
2
n.a.
-
8
3
27
*
29
*
39
39
*
*
*
*
*
*
5
24
15
309
*
9
313
*
-
59
245
*
6
6
3
*
*
3
*
15
*•
125
*
5
*
*
3
*
16
*
312
*
310
*
6
1
2
3
*
•*
*
1
2
2
*
*
11
12
2
2
*
99
*
*
87
*
n.a.
-
n.a.
-
29
4
• 2
2
90
5
2
88
1
3
52
5
2
5
2
2
1
4
4
4
4
4
4
-
-
-
-
-
15
*
*
*
24
3
14
*
•*
23
27
*
*
*
25
4
42
4
*
19
13
*
*
*
25
4
14
19
23
*
*
*
25
3
13
18
23
*
*
*
25
3
13
-
-
*
125
*
151
*
152
23
27
*
*
*
25
4
42
4
•*
-
1
11
1
12
1
11
2
1
3
62
5
2
58
5
90
5
4
32
5
48
4
4
3
132
1
*
1
*
1
5
1
n.a.
n.a.
n.a.
2
n.a.
n.a.
*
_
71
82
*
n.a.
n.a.
*
*
6
10
3
*
*
*
*
115
*
*
*
*
*
1
*
*
n.a.
n.a.
1
*
*
2
1
2
*
*
*■
1
*
*
n.a.
n.a.
2
94
4
894
102
2
902
*
•*
*
*
*
*
*
1
230
*
*
*
n.a.
2
140
*
*
*
*
-
2
1
*
22
n.a.
4
*
*
1
1
2
1
*
*
1
1
n.a.
n.a.
n.a.
n.a.
*
*
1
7
*
*
7
*
*
1
1
2
*
*
1
7
•*
50
230
2
1
4
*
*
1
7
*
50
88
5
1
1
-
31
27
41
27
*
*
26
4
47
4
*
*
26
1
1
244
1
2
*
*
1
1
1
6
47
4
1
-
255
1
2
*
*
1
_
_
17
*
*
3
*
3
*
-
-
_
_
2
1
1
2
-
2
2
2
1,251
28
1,340
1,286
1,239
1
1,251
28
1,186
■*
1,104
1,347
1,381
1,313
1,316
1,347
1,253
1,171
*
*
n.a.
n.a.
■*
*
1
*
n.a.
1
n.a.
n.a.
2
*
*
n.a.
*
*
n.a.
n.a.
n.a.
n.a.
n.a.
1
*
*
*
*
*
*
*
*
*
*
*
*
*
*
_
1
*
-
*
*
*
*
*
*
*
*
*
*
*
*
1
1
1
*
*
*
*
3
4
1
1
2,090
1,987
*
*
*
*
*
*
*
*
1
1
*
*
Total Africa....................
1
1
Other countries:
Australia.......................
All other.......................
7
*
*
*
1
1
1
*
*
*
*
*
*
*
7
700
*
*
1
1
1
1
464
1,397
2,132
1,991
1,983
2,003,
551
652
351
31
135
105
1
7
*
50
*
*
3
*
*
*
*
1
1
Total foreign countries...........
1
5
7
*
50
*
*
3
*
7
*
50
1
1
Total other countries...........
-
31
55
n.a.
n.a.
-
29
26
*
9
4
1
2
-
26
29
18
*
*
*
2
-
529
23
2
2
5
*
*
4
5
27
*
131
*
555
19
44
*
n.a.
-
6
*
525
8
n.a.
n.a.
-
132
10
313
*
5
5
*
*
3
5
27
*
144
*
*
44
*
507
*
458
1
2
*
*
489
28
*
525
■*
-
Feb. p
Jan. p
27
330
2
6
1
Dec.
Nov.
226
n.a.
Netherlands Antilles
/..... .
Other Latin America.............
*
9
1
146
Oct.
Sept.
470
*
Uruguay.........................
Venezuela.......................
Other Latin American Republics..
Bermuda ........................
1976
1975
1974
I977
1976
Calendar year
1
2,132
1
2
1
1
International and regional:
International...................
European regional...............
Latin American regional.........
Asian regional..................
_
98
112
Total international and regional
761
Irand toxal..........................
1^462
1/
2/
2/
_
63
107
822
1,285
63
63
66
66
*
*
*
*
*
*
*
*
10
130
68
130
130
68
130
130
68
130
308
130
68
261
2,310
2,393
54
415
1,812
Through December 31, 1975, Surinam included with Netherlands ^Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
261
2,393
*
p
n.a.
54
214
2,206
333
2,315
Less than $500,000.
Preliminary.
Not available.
73
264
2.353
63
259
2,245"
Treasury Bulletin
100
.CAPITALMOVEMENTS.
Section II - Claims on Foreigners Reportedby Banks in the United States
Table CM-II-1. - Short-TermClaims by Type
(In millions of dollars)
Payable in dollars
Loans
End of
calendar
year
or month
195
195
195
196
7
8
9
0
Total
short
term
claims
.
.
Total
Total
Official
insti
tutions
242
401
1971 1/ 2/.
13.170
13*272
2,052
2.344
2,407
3,135
4,177
4,234
4,606
5.344
6,810
7,333
7.158
7,243
7,399
7,433
8.158
8,182
8,261
9,063
9,165
10,192
12,328
12'377
1972 l/....
1976-Feb...
Mar...
Apr...
May...
June..
ri5,471
,15,676
20,723
39,056
50,231
69.011
54.170
53,572
55,686.
57,60957,955
14,625
14,830
20,061
37,859
48,901
67.365
52,739
52,246
54,206
56,190
56,360
5,671
7,660
II,291
13,205
18.347
14,250
13,599
14,512
15,798
15,182
754
763
766
1,011
820
July.,
Aug..,
Sept..
Oct...
Nov...
Dec. ,
59.316
58,014.
60.317
60,986
63,890
69.011
57,858
56,472
58,661
59,283
62,085
67.365
15,586
15,270
14,914
16,221
16,191
18.347
737
1,021
793
1,060
1,274
1.456
1977-Jan.p.
Feb.p,
63,650
63,289
61,907
61,258
16,094
16,350
1,256
940
,
1961 1/....
196 2
196 3
1964 1/....
1965 1/....
1966 1/....
1967 1/....
196 8
1969 !/•«••..
197 0
197
197
197
197
1/
2/
3
4
5
6
.
930
1,268
1,309
1,297
1,646
1,660
I,953
1,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
351
290
329
329
359
186
223
221
271
271
256
256
306
306
247
262
262
119
223
231
163
163
284
381
614
1.456
386
439
498
524
699
709
953
955
1,374
1,403
1.566
1.567
1.739
1.739
1,603
1,616
1,697
1,946
1,943
1,720
Payable in foreign currencies
Collec
tions
out
standing
Other
for
for
account of
eigners reporting
banks and
domestic
customers
303
423
421
428
516
460
482
605
618
694
700
622
686
642
832
774
1,007
1,055
1,150
1,135
1,268
1,130
1,272
1,132
1.367
1,143
1,288
1.145
1,228
1,511
1^552
1,228
Accept
ances
made for
account
of for
eigners
699
656
582
1,233
1,837
1,874
1,967
2,214
2,600
2,621
2,501
2,508
2,450
2,540
3.013
3.013
1,221
1.073
1.073
1,212
1,§67
2*08^ 2/ 1J658
1,733
1,954
2,015
2,389
2,475
2*475
2,854
3,169
3,202
3,985
2,535
2,538
2,838
3,579
4,925
5,8io
4,780
4.809
4,949
5,264
5,239
5,188
5,190
5,118
5.146
5,277
5.810
5,496
5,571
3,269
3,276
4,307
5,637
5,467
3,204
2,975
2,970
4,538
7,332
7,665
11,081
8,716
8,027
8,797
9,523
9,123
9,660
9,060
9,003
10,015
9,640
11,081
9,341
9,839
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shojun for the preceding datej figures on the sec
ond line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
5.846
5,191
5.367
5,325
5,379
5,517
5,542
5,495
5,746
5,586
5,628
5.846
p
m
3,226
4,160
11,237
11,147
12.367
11,006
11.144
11,310
11,323
11,541
11,451
11.144
11,213
11,461
11,422
12.367
12,018
11,963
Other
short
term
claims
384
552
803
422
492
443
464
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
147
198
192
460
543
543
495
543
601
624
132
181
178
222
342
343
309
343
342
336
474
492
420
325
329
240
241
287
287
336
352
352
352
549
548
420
425
425
450
516
516
610
509
658
670
766
842
1,107
1*679 2/ 895
2,478
846
2,657
846
662
3,935
1,196
9,*§4
19,082
1,329"
30.805
1.645
22,292
1,432
22,137
1,326
1,480
23,059
23,690
1,419
24,121
1,595
25,280
1,457
24,562
1,542
1,656
26,789
26,015
1,704
1,805
28,843
30.805
1.645
27,962
1,743
27,078
2,031
441
441
428
669
656
1.063
764
798
955
885
954
850
903
1,029
1,052
1,084
1.063
1,137
1,089
Foreign
government
obligations
and
commercial
and
finance
paper
Other
short
term
claims
15
16
15
238
200
200
186
157
182
187
42
77
102
54
68
70
70
74
70
95
96
110
110
63
67
40
84
89
92
119
173
223
223
119
289
301
84
73
79
74
166
174
174
182
182
115
238
372
498
241
145
156
141
158
427
383
369
393
484
475
496
507
550
635
498
460
671
132
143
120
102
85
84
of the U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims1’; and a number of reporting
banks are included in the series for the first time,
Preliminary.
April 1977
101
.CAPITALMOVEMENTS.
SectionII - Claims onForeigners ReportedbyBanks inthe United States
TableCM-II-2. - Short-TermClaims byCountry
(Position at end of period in millions of dollars)
1
Calendar year
1976
1977
Country
1973
Europe:
Austria...............
Belgium-Luxembourg....
Denmark...............
Finland...............
France................
Germany.............. .
Greece............... .
Italy................
Netherlands...........
Norway...............
Portugal............. .
Spain................
Sweden...............
Switzerland..........
Turkey...............
United Kingdom......
Yugoslavia...........
Other Western Europe.
1976
1974
11
21
147
48
108
384
46
621
311
673
589
64
345
348
119
35
316
133
72
23
222
153
176
10
1,459
10
122
20
196
180
335
15
2,580
22
22
47
437
57
129
1,169
498
117
42
504
64
137
1,096
585
648
55
265
733
399
79
46
264
106
101
8,987
A4
662
85
141
1,448
562
79
929
304
98
65
429
177
472
183
6,068
45
52
n.a.
99
130
12,072
417
80
4,844
28
56
n.a.
52
107
9,436
499
125
5,376
37
54
n.a.
83
123
10,435
3,100
3,169
3,129
962
961
15,340
3,383
396
575
13
293
3,414
14,192
2,891
343
459
13
251
3,457
809
694
21
28
1,305
902
12,587
3,125
350
517
13
265
15
352
49
128
1,471
436
49
370
300
71
16
249
167
237
86
4,718
38
27
n.a.
103
108
Total Europe........
25
n.a.
46
44
3,970
n.a.
46
131
6,255
Canada.................
1,955
2,776
2,817
720
1,203
7,570
Poland..........
U.S.S.R..............
Other Eastern Europe.
Latin America:
Argentina.,..........
Brazil...
Chile....
Colombia.
Cuba....
Ecuador.................
499
883
900
151
397
12
Uruguay........................
Venezuela......................
Other Latin American Republics.
Bermuda........................
British West Indies............
Netherlands Antilles 1/ .....
Other Latin America............
n.a.
1,373
274
178
n.a.
55
518
493
n.a.
n.a.
13
154
Total Latin America............
Mexico.........................
Panama.........................
Peru............................
Trinidad and Tobago........
As i a :
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
India.....................
Indonesia.................
Israel....................
Japan.....................
Korea.....................
Lebanon...................
Malaysia.................. .
Pakistan.................. .
Philippines............... .
Singapore................. .
Syria......................
Thailand..................
3,405
1,418
290
713
14
144
1,972
505
518
18
63
704
690
2,221
360
689
13
219
2,802
1,021
1,052
583
23
51
1,086
725
89
111
49
336
690
31
38
1,553
816
134
3,845
40
1,490
5,900
12,377
20,532
34,034
31
4
500
223
14
157
255
22
3
987
361
41
76
554
10,992
1,722
25
n.a.
n.a.
559
420
32
140
147
16
88
155
6,398
403
n.a.
n.a.
n.a.
181
n.a.
88
943
62
Dec.
Sept.
1,460
736
258
21
102
256
68
88
54
501
129
136
1,098
577
76
877
240
85
53
304
93
511
Jan.p
44
662
85
141
41
554
72
137
1,246
511
81
875
246
124
80
Feb.p
42
609
64
133
1,371
10,797
1,448
562
79
929
304
98
65
429
177
472
183
6,068
45
52
n.a.
99
130
12,072
10,415
10,642
3,136
3,100
2,944
" 3,510
867
14,079
3,149
379
598
13
280
3,332
1,021
690
937
13,899
3,456
370
593
13
278
3,356
770
737
31
38
1,553
41
748
18
39
1,296
1,261
822
126
4,181
41
625
140
5,591
38
58
n.a.
103
J3L
666
539
199
4,864
85
805
510
127
90
385
85
530
207
4,538
60
64
53
56
82
61
362
112
121
60
95
114
858
962
15,340
3,383
396
575
13
293
3,414
230
28
28
1,338
744
151
3,699
41
519
14,594
3,259
358
523
14
279
3,285
781
629
26
35
1,512
763
115
3,986
43
519
134
3,845
40
1,490
827
143
4,195
45
500
30,042
29,275
31,580
34,034
31,476
31,418
4
5
991
208
64
117
320
10,534
1,555
42
n.a.
n.a.
478
297
47
415
3
1,099
267
48
3
987
361
41
76
554
10,992
1,722
25
n.a.
n.a.
559
4
1,028
229
28
30
1,089
265
23
54
352
10,581
1,710
25
55
337
9,474
1,576
25
58
27
479
388
45
446
840
141
3,366
42
981
252
33
119
313
3,211
1,119
638
120
816
22
861
n.a.
273
458
491
10,776
1,561
56
n.a.
n.a.
384
369
12
499
330
235
8,224
16,226
35
n.a.
n.a.
5
129
n.a.
18
329
5
n.a.
9
545
34
29
23
14
25
9
n.a.
13
763
29
115
174
855
231
303
1,228
257
287
215
213
278
257
287
1,486
175
304
1,332
1,394
243
43
466
535
73
450
99
502
110
565
609
549
631
661
110
612
549
618
729
20,723
39,055
50,229
69,005
60,305
60,981
63,884
69,005
63,643
63,284
20,723
39,056
50,231
69,011
60,317
60,9
63,890
69,011
63,650
&7;rn-
12,518
955
59
n.a.
n.a.
372
135
12
10,220
330
10,428
1,577
28
n.a.
n.a.
495
319
43
414
422
1,594
24
n.a.
n.a.
472
273
13
434
524
249
1,312
258
721
243
76 5
1,082
113
1,312
258
981
141
1,036
261
16,057
17,765
15,695
16,099
16,365
17,765
16,672
15,466
101
132
5
n.a.
114
8
n.a.
17
691
106
7
n.a.
8
772
109
6
n.a.
132
151
9
25
19
798
126
420
32
422
68
37
592
385
34
421
Middle-East oil-esporting
countries 2/......... .
Other Asia................ .
Total Asia................
Africa:
Egypt......................
Ghana......................
Liberia.....................
Morocco....................
South Africa...............
Zaire......................
61
Oil-exporting countries 2 J .,
Other Africa............ .
158
Total Africa.,
111
10
388
P
763
260
1,382
748
16
115
10
24
13
838
11
238
249
1,486
264
1,519
1,518
450
99
512
105
605
125
248
Other Countries:
Australia....
All other.............
Total other countries.
Total foreign countries...
99
521
558
103
International and Regional:
International,
European regional.............
Latin American regional......
Asian regional.............. ..
African regional..............
Total International and regional
Grand total..................... .
1/
2/
12
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, £raq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2/
Includes Algeria, Gabon, Libya, and Nigeria,
p
Preliminary.
*
Less than $500,000.
n.a. Not available.
Treasury Bulletin
102
HAPTTAT. M O V B M R N T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of February 28, 1977
Preliminary
(Position in millions of dollars)
Short-term claims payable
xii j.urcigii
Short-term claims payable in dollars
Loans
Country
Total
short
term
claims
Total
Total
Foreign
banks and
official
insti
tutions
Other
Collections
outstanding
for account
of report
ing banks
and domestic
customers
Accept
ances
made for
account
of
foreign
ers
Other
Total
Deposits of
reporting
banks and
domestic
customers
with
foreigners
l?07»0i
r ui c igem
iJi
government
obligations
and commer
cial and
finance
paper
Other
Eurone:
42
609
64
133
1,371
666
85
805
510
127
90
385
85
530
207
4,538
64
60
61
95
114
10,642
3,510
39
420
59
129
1,294
524
85
755
495
123
89
377
79
428
207
4,441
63
59
61
85
112
9,926
2,924
867
, 14,079
3,149
379
1
598
13
280
1 3,332
i
861
!
748
Trinidad and Tobago......... |
18
Uruguay.........................
1
39
Venezuela......................
1,261
Other Latin American Republics.
822
Bermuda.........................
126
4,181
Netherlands Antilles...........
41
Other Latin America............
625
Total Latin America............
31,418
865
14,016
3,147
379
595
13
280
3,313
856
743
18
39
1,243
821
126
3,954
41
625
31,074
Belgium- Luxembourg.............
Denmark.........................
Germany.........................
Italy...........................
Portugal.......................
Spain...........................
Sweden..........................
Turkey..........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe...........
Poland.........................
Other Eastern Europe...........
Total Europe................... .
.Canada....................
Latin America:
Argentina......................
Bahamas.........................
Brazil..........................
Chile...........................
Colombia.......................
Cuba...*.......................
Ecuador.........................
Mexico..........................
Panama..........................
Peru............................
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)....
Hong Kong ......................
Indonesia......................
Japan...........................
Korea...........................
Lebanon.........................
Syria...........................
Thailand.......................
Total Asia ....................
Africa:
Egypt...........................
Ghana...........................
Liberia.........................
Other Africa...................
Total Africa...................
Other Countries:
Australia......................
All other......................
Total other countries..........
Total foreign countries..........
International and regional:
International..................
European regional..............
Latin American regional.......
Asian regional.................
African regional...............
Total International and regional.
*
Less than $500,000.
26
249
33
29
539
286
43
346
75
50
21
201
46
259
189
1,074
23
25
57
15
53
3,640
779
22
231
24
13
518
272
33
263
60
32
15
61
29
212
188
887
21
5
57
13
44
3,001
308
4
18
9
16
21
14
10
83
14
18
6
139
16
47
1
187
2
20
369
1,532
119
423
186
1,111
1,125
61
240
183
36
407
59
183
_
_
_
171
2,859
481
531
1
19
876
291
60
357
24
38
9,298
82
1,455
240
428
1
9
173
128
89
1,404
241
103
*
9
703
163
60
83
24
7
3,754
7
83
45
4
22
58
558
162
9
6
7
57
74
37
55
357
1,5a
336
1,148
*
273
*
31
5,544
*
2
9
638
471
5
32
10
12
111
60
29
113
48
13
8
70
21
41
15
209
4
18
3
57
26
906
27
4
11
16
89
51
22
*
127
12
48
60
56
6
21
*
30
3
2
-
13
32
603
105
5
128
1
*
593
156
12
169
361
12
1
51
6
106
2
3,128
33
14
*
*
1
4,777
2,013
3
189
5
3
77
141
1
50
16
4
*
3
95
4
1
35
126
1
39
11
3
*
8
6
102
*
97
1
1
7
6
97
*
*
*
*
64
*
1
10
2
716
586
492
222
2
63
1
*
7
*
*
*
*
_
*
19
4
5
*
7
4
*
*
*
*
*
2
32
61
3
4
11
1,682
30
1
18
3
27
244
_
-
_
299
277
31
7,442
2,242
*
11
349
*
1
310
5
1
4
46
3
_
6
*
*
_
_
7
_
_
_
7
*
13
1
14
29
1
13
*
1
21
_
_
9
6
7
7
16
18
1
*
*
10
2
224
94
2
56
1
*
3
*
*
12
*
5
*
*
11
*
_
1
207
*
*
_
*
_
*
*
343
44
1
1
1
6
1
*
1
305
*
*
2
*
1
20
1
*
3
1
*
1
301
*
*
1
*
*
1
605
125
729
63,284
596
118
714
61,252
68
26
15
40
10,774
43
13
55
5,571
74
24
98
5,866
406
21
427
11,963
48
45
93
27,078
2,031
13
1,089
*
5
*
*
5
*
*
5
*
*
*
-
-
*•
-
-
-
-
-
_
-
-
-
§
63,289
5
61,258
5
16,350
5
10,779
*
5,866
-
27,078
11,963
6
*
33
1
18
73
1
150
241
5,571
1
*
226
2
426
1
90
572
*
5
*
*
_
_
1
*
10
*
222
*
82
316
96
16,345
_
_
_
6
65
8
3
3
90
8
161
339
_
*
*
11
5
*
*■
67
8
13
3
312
9
243
655
93
_
-
*
94
1
3
42
15
*
120
10
24
12
824
11
496
1,497
27
*
270
19
898
78
5
5
230
3,944
1,308
*
25
2
347
4
*
53
281
43
186
1
10
185
346
59
1
2
46
2,814
3
126
10
24
13
838
11
497
1,518
93
-
1
55
33
11
12
19
2,944
19
15
7
2
21
38
7
55
320
3,557
_
183
12,852
233
2
37
1
19
83
307
3
1
2
38
56
5
3,581
2
520
17,924
15,117
1,140
-
228
8
1,042
228
96
7
103
87
4
34
76
599
218
9
7
20
83
81
38
60
450
1,877
19
42
1
12
18
41
56
*
1
14
26
7
*
5
*
86
9
340
29
39
12
37
90
26
22
14
8
144
128
2
16
13
21
1,038
30
1,089
265
23
55
337
9,474
1,576
25
58
27
479
388
45
446
1,151
15,466
29
1,088
258
22
55
336
9,169
1,576
25
56
27
479
368
45
446
*
*
*
*
*
*
*
*
*
*
7
*
*
8
- _____
2,031 .
1,089
-
298
_
«.
_
1
3
*
*
*
4
*
*
1
*
1
18
*
*
_
-
*
_
*
_
_
*
_
-
*•
_
*
10
39
6
*
_
*
7
_
-
1
13
*
*
*
3
*
272
-
_
272
3
671
_
-
_
671
April 1977
103
___________ .CAPITALMOVEMENTS_____________
Section II - C l a i m s o n Foreigners Rep o r t e d b y B a n k s in the United States
T a b l e CM-II-4. - L o n g - T e r m C l a i m s by T y p e
(In millions of dollars)
,
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
Loans
Total
Total
1957...................
1958...................
1959...................
1960...................
1961...................
1962...................
1963-May 1/.............
1963 1/.................
1964 1/.................
f
1973...................
1974...................
1975...................
1976...................
1976-Feb................
Mar................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,293
2,379
2,260
2,346
2,781
2,811
3,777
3,995
4,211
3,915
3,635
3,158
2,806
2,698
3,345
4,539
4,588
5,446
6,490
8,316
9,933
8,223
8,478
8,598
8,804
8,743
8,867
9,357
9,551
9,670
9,837
9,933
9,950
10,128
\ 2,379
/
{
I
^
1965...................
1966...................
1967...................
1968...................
1969...................
1970...................
1971...................
1972 1/.................
1,174
1,362
1,545
1,698
2,034
2,160
f
^
2,837
3,030
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
4,954
5,063
5,996
7,179
9,540
11,687
9,566
9,831
10,009
10,266
10,212
2,834
3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
4,914
5,023
July...............
Aug................
Sept...............
Oct................
10,385
10,955
11,205
11,345
11, 612
11,687
5,924
7,099
9,423
11,539
9,418"
9,683
9,893
10,151
10,091
10,252
10,822
11,063
11,206
11,466
11,539
1977-Jan. p.............
11,711'
11,870
11,561
11*692
May................
1/ Data on the two lines shewn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Other
foreigners
Other
long-term
claims
Official
institutions
Banks
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
1,328
1,342
33
33
54
217
195
288
725
728
.
.....
1
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
*
1
297
247
274
394
426
352
300
9
18
15
16
18
25
22
1,344
1,363
1,337
1,346
1,390
1,446
591
931
1,567
2,212
1,494
1,569
1,654
1,727
1,743
1,850
1,979
2,039
2,115
2,164
2,212
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314
3,694
4,231
5,374
6,275
5,460
5,592
5,607
5,697
5,632
5,672
6,015
6,176
6,209
6,283
6,275
375
435
478
609
1,107
1,606
1,196
1,205
1,295
1,347
1,348
1,386
1,465
1,512
1,536
1,628
1,606
40
40
72
80
116
148
148
149
116
115
121
133
133
142
139
147
148
1,429
1,558
2,202
2,220
6,319
6,351
1,611
1,564
150
177
703
716
793
702
669
528
502
504
575
833
844
1,160
1,328
1,375
1,446
1,268
1,316
1,337
1,379
1, 368
n.a. Not available,
p
Preliminary,
*
Less than $500,000.
Treasury Bulletin
.CAPITALMOVEMENTS.
SectionII - Claims onForeigners ReportedbyBanks inthe United States
Table CM-II-5. - Long-TermClaims byCountry
104
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Austria..............
Belgium-Luxembourg...
Denmark..............
Finland..............
France...............
Germany..............
Greece...............
Italy................
Netherlands..........
Norway...............
Portugal.............
Spain................
Sweden...............
Switzerland..........
Turkey...............
United Kingdom......
Yugoslavia...........
Otb^r Western Europe.
Poland...............
U.S.S.R..............
Other Eastern Europe.
Total Europe.........
Canada.................
Latin America:
Argentina............
Bahamas
..........
Brazil...............
Chile................
Colombia...... .
Cuba.................
Ecuador............
Mexico...............
Peru.............................
Trinidad and Tobago.............
Uruguay..........................
Venezuela.......................
Other Latin American Republics..
Bermuda..........................
British West Indies.............
Netherlands Antilles 1 / .........
Other Latin America.............
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
Hong Kong...................
India.......................
Indonesia...................
Israel......................
Japan.......................
Korea.......................
Lebanon.....................
Malaysia....................
Pakistan....................
Philippines.................
Singapore...................
Syria.......................
Thailand....................
Middle East oil-exporting
countries 2 J ..............
Other Asia..................
Total Asia.................
Africa:
Egypt......................
Ghana.......................
Liberia.....................
Morocco.................... .
South Africa............... .
Zaire...................... .
Oil-exporting countries 2/.
Other Africa............... .
Total Africa...........
Other countries:
Australia.....
All other.....
Total other countries............
Total foreign countries..........
1973
1974
3
22
29
22
174
106
89
61
20
47
8
113
28
3
39
148
72
5
23
13
50
25
191
94
22
11
63
55
203
101
185
110
39
55
29
305
43
11
101
811
201
35
23
11
65
67
204
100
201
109
35
44
24
324
42
7
94
839
193
34
23
18
62
60
194
108
189
116
39
50
24
311
42
7
96
818
202
34
n.a.
304
379
2,708
555
399
431
3,246
586
357
396
3,133
623*
384
414
3,191
570"
163
25
840
156
64
1
26
701
77
110
9
2
244
167
3
176
43
1,166
134
63
1
33
983
92
224
8
6
250
223
15
4
28
20
3,468
224
222
161
1,491
211
76
*
77
1,245
127
228
4
5
245
274
17
16
218
157
1,487
207
74
*
50
1,295
118
232
35
6
261
269
17
17
464
62
62
n.a.
6
298
136
n.a.
n.a.
6
___37
2,116
13
14
2,614
62
90
33
54
29
230
251
103
35
194
47
43
71
258
103
12
n.a.
n.a.
135
17
.
1,582
1,619
16
14
245<
7
293
280
15
11
101
n.a.
220
73
1,795
98
4,519
4,565
2
345
54
30
139
206
391
255
21
2
336
52
34
125
199
370
246
21
10
335
55
32
149
187
381
254
21
1.886
n.*i.
n.a.
171
5
*
22
171
103
1,856
10
7
n.a.
n.a.
11
11
13
n.a.
n.a.
*
150
148
151
269
n.a.
48
161
5
*
20
146
112
21
n.a.
4,806
n.a.
n.a.
n.q.
150
15
*
19
%
156
1,516
201
94
*
81
1,411
118
2
318
37
37
144
231
296
230
21
246
n.a.
n.a.
n.a.
169
n.a.
n.a.
2
88
31
Oct.
n.a.
n.a.
543
Sept.
178
233
1,908
501"
n.a.
142
19
662
136
87
1
18
1976
23
17
60
53
175
71
241
91
48
66
15
187
38
7
88
621
174
51
96
33
61
8
122
30
8
83
329
110
23
n.a.
129
154
1,271
490
1975
198
2
n.a.
n.a.
182
5
*
22
171
___2L
1,900
11
n.a.
^ 219
1
74
39
62
176
355
366
747
“•?5
236
83
264
262
883
154
23
123
40
172
63
157
78
169
___ 64_
168
235
,508
236
11,643
233
11,164
238
11,302
36
35
1
5
177
5,992
1977
1976
11
205
84
236
242
800
15
212
83
259
254
839
70
Jan.p
24
9
61
58
201
117
185
109
38
49
24
342
41
7
78
876
212
32
n.a.
27
5
*
Total international and regional.
Grand total.........................
1/
2/
5,996
7,179
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and
31
9,540
11,687
41
11,205
J£l
11,345
27
10
15
65
67
204
67
61
68
100
201
109
35
44
24
324
42
7
94
839
193
34
n.a.
318
43
7
89
50
7
90
900
217
20
.3^25
590
586
78
1,385
118
224
4
6
271
275
17
17
JL
86
187
105
35
56
17
318
3.246
*
60
295
206
91
191
106
38
49
23
251
407
204
221
- -520
201
151
1,554
192
92
94
1
1,516
*
81
1,411
118
245
82
1,459
116
247
3
4
7
293
280
8
296
15
45
11
101
27
48
4,306
341
54
35
143
368
276
345
54
30
139
206
391
255
21
21
n.a.
n.a.
171
5
n.a.
n.a.
161
272
*
20
141
109
1,885
11
11
n.fe
227
77
269
277
5
*
20
146
112
1,886
_J f
236
83
264
262
883
202
93
*
79
1,438
113
243
3
7
324
272
27
102
12
4.878
330
55
24
149
198
387
270
5
333
51
26
146
206
367
264
20
22
79
79
4
162
1
160
5
14
19
117
24
123
__ 27
JU&9
1,846
8
14
19
205
13
253
82
201
89
10
13
n.a.
15
204
153
1,633
45
2
201
868
216
18
245
393
210
g*
4,694
18
170
13
249
84
201
109
852
876
159
67
157
78
172
81
173
66
226
__ 236
253
11,668
11.825
11,568
International and regional:
International....................
European regional................
Latin American regional..........
Asian regional...................
African regional.................
27
11
399
431
155
1,524
213
85
p
23
377
445
3.286
201
Feb.
11,643
35
35
1
6
2
1
6
2
_4i
11,612
239
32
1
10
2
44
11,687
2/
*
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Less than $500,000.
n.a. Not available,
p
Preliminary.
11,870
April 1977
105
_____________________ CAPITAL
M OVEM ENTS
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of February 28, 1977
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe/
Austria...................................
Total
long-term
claims
Total
Long-term
claims
payable in
foreign
currencies
Other
Loans
Italy.....................................
Netherlands...............................
Norway....................................
Portugal..................................
Spain.....................................
Sweden....................................
Switzerland...............................
Turkey....................................
United Kingdom............................
Yugoslavia................................
Other Western Europe.....................
Poland....................................
U.S.S.R...................................
Other Eastern Europe.....................
27
15
68
60
295
86
187
105
35
56
17
318
50
7
90
868
216
18
245
393
221
23
13
68
60
295
86
186
105
29
56
17
317
48
6
80
867
214
18
245
393
221
22
12
67
47
272
79
185
91
24
43
17
314
48
3
64
383
185
18
242
393
215
3
16
483
30
1
3
1
6
Total Europe..............................
3,376
3,347
2,725
622
29
538
464
385
79
74
204
153
1,633
202
93
*
204
153
1,633
202
93
*
172
145
1,562
95
89
*
Bermuda...................................
British West Indies...................... 1
Netherlands Antilles..................... 1
Other Latin America..................... .
79
1,438
113
243
3
7
324
272
45
27
102
12
79
1,437
113
243
3
7
320
272
45
13
102
8
73
1,326
101
229
3
7
309
257
45
11
98
6
31
8
71
107
3
6
111
12
13
*
11
14
2
4
2
Total Latin America......................
4,948
4,926
4,528
397
22
5
333
51
26
146
206
367
264
22
79
4
162
14
17
5
333
51
26
146
202
365
261
22
78
4
162
14
17
_
_
_
_
_
_
Denmark............. ....... ......... .....
Prance....................................
Germany...................................
Canada......................................
Latin America:
Argentina.................................
Bahamas...................................
Brazil............ ........................
Chile..................................... 1
Colombia..................................
Cuba...................................... i
Ecuador...................................
Mexico....................................
Panama....................................
Peru......................................
Trinidad and Tobago...................... i
Uruguay...................................
Venezuela.................................
Asia*
China, People's Republic of
(China Mainland)........................
China, Republic of (Taiwan)..............
Hong Kong.................................
India.....................................
Indonesia.................................
Israel....................................
Japan.....................................
Korea.....................................
Lebanon...................................
Malaysia..................................
Pakistan..................................
Philippines...............................
1
1
1
13
23
6
1
15
4
13
*
3
*
4
2
*
1
6
1
2
*
9
1
1
_
1
_
*
-
_
*
_
_
_
*
*
4
14
_
4
Asia................................
150
150
5
197
44
26
138
193
357
162
2
78
4
132
5
16
146
Total Asia................................
1,846
1,835
1,503
332
11
Egypt.....................................
Ghana.....................................
Liberia...................................
Morocco...................................
South Africa..............................
Zaire.....................................
Other Africa..............................
14
19
205
13
253
82
290
14
19
205
13
216
82
289
10
2
205
13
146
80
278
4
18
*
*
70
2
11
_
37
1
Total Africa..............................
876
838
734
105
38
173
66
171
66
163
66
8
*
3
-
Syria.....................................
Other
136
8
_
7
9
9
99
19
-
4
2
3
_
1
31
10
2
4
*
-
Africa*
-
Other countries:
Australia.................................
All other.................................
Total other countries....................
Total foreign countries....................
International and regional:
International.............................
European regional...»....................
Latin American regional..................
Asian regional............................
Total international and regional.........
Grand total.................................
*
Less than $500,000.
239
237
228
8
3
11,825
11,647
10,103
1,544
177
32
1
10
2
-
32
1
10
2
-
20
_
-
12
1
5
2
-
45
45
25
20
-
11,870
11,692
10,128
1,564
177
_
5
_
_
-
Treasury Bulletin
106
________________________________ CAPITAL MOVEMENTS,_______________________________
Section III - L iabilities to Foreigners Reported by Nonbanking Concerns in the U nited States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1957................
566
491
428
62
75
1958................
499
440
368
71
60
83
664
581
512
69
(
511,
{
596
485
507
424
437
61J
70
89
(
674
691
583
600
510
525
73
76 j
91
756
778
673
563
572
111
684
113
83
94
1959................
1960 2/..............
lVol-Mar. „£/..........
June 2/..........
{
f
{
Dec.............
1962-June 2/..........
Dec. 2/..........
f
{
f
{
1963................
1964-June 3/..........
r
{
Dec.............
)
833
678
569
109
155
778
817
626
665
527
551
99
114 J
151
798
805
637
644
508
513
129 ^
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151}
140
807
700
556
144
107
144 J
810
600
210
f^ 147
136
1,419
1,089
827
262
329
1Q67 2/..............
\r 1,784
1,^15
1,371
1,386
1,027
1,039
343
347
414
428
1968................
2,737
1,608
1,225
382
1,129
3,511
4,428
5,780
1,786
2,124
2,677
1,39*5
1,654
2,181
387
471
496
1,725
2,304
3,102
r 5,863
5,901
6,659
< 7,017
^ 7,889
9,816
10,262
10,287
10,418
10,261
10,040
2,704
2,763
3,119
3,414
4,002
5,927
6,037
6,010
6,326
6,301
6,335
2,229
2,301
475
463
3,159
3,138
2,635
2,948
3,290
5,017
5,178
484
466
3,540
3,603
3,886
1965 2/..............
fI 958
943J"I
1 966................
1969 2/..............
1970.................
1971 2/..............
1972 2/..............
1973.................
1974-Dec.............
1975^Sept............
Dec.............
1976-Mar.............
Sept.p...........
f
\
(
'tote:
Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure comparable to that for
shown.
1/ Data are shown for calendar year ends and for
quarter ftp for which figures are available.
reporting coverage which
not shown; in such
the following date is
most recent five
Data are also shown
5,393
5,659
5,663
5,696
713
910
860
617
667
638
639
3,889
4,225
4,277
4,092
3,960
3,705
for earlier quarter ends when the reporting coverage changed,
2/ Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date, p Preliminary.
107
April 1977
---------------------------------------------- CAPITAL M OVEMENTS_______________________________
Section III - Liabilities to Foreigners R eported by Nonbanking Concerns in th e United States
Table CM-III-2. - Short-Term Liabilities by Country
( Posxiion at ^nd of period in millions of dollars')
Calendar year
1976
1975
Country
1972 1/
1971
Europe:
Austria....................
Belgium-Luxembourg...........
Denmark....................
Finland....................
France.....................
Germany....................
Greece.....................
Italy.....................
Netherlands................
Norway.....................
Portugal...................
Spain.....................
Sweden.....................
Switzerland................
Turkey.....................
United Kingdom..............
Yugoslavia.................
Other Western Europe.........
U.S.S.R....................
Other Eastern Europe.........
Total Europe................
Canada...............
Latin America:
Argentina..................
Brazil.....................
Chilp.....................
Colombia. ......... ..........
Cuba......................
Mexico.....................
Panama.....................
Peru......................
Uruguay....................
Venezuela..................
Other Latin American Republics..
Netherlands Antilles V ......
Other Latin America..........
Total Latin America...........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong..................
India.....................
Indonesia..................
Israel................ .
Japan.....................
Korea................ .....
Philippines................
Thailand...................
Other Asia.................
Total Asia........... .....
Africa:
Egypt.....................
Morocco.....................
South Africa................
Zaire.....................
Other Africa......... ......
Total Africa................
Other countries:
Australia..................
All other..................
Total other countries........
Total foreign countries........
International and regional
Grand Total.................
1973
1974
Sept.
Dec.
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,256
40
5
16
3,016
18
341
8
14
150
276
21
154
153
13
13
74
53
167
22
966
60
5
31
7
2,548
14
299
9
14
149
149
19
172
114
20
4
81
29
130
25
996
76
8
20
11
2,338
307
299
295
38
374
118
22
14
■*
60
28
14
2
49
83
26
101
33
297
116
13
14
*
81
19
19
2
56
69
76
142
936
36
277
96
14
17
•*
82
24
23
3
100
71
35
138
914
41
376
91
11
16
*
92
17
24
2
163
71
58
214
1,177
2
101
29
22
104
45
277
63
15
8
908
6
97
17
7
137
29
295
69
14
18
1,031
1,719
5
110
23
9
137
23
307
53
18
18
995
1,699
341
37
8
100
6
245
395
52
21
55
17
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*
4
1.611
181
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
3
1,830
2
88
7
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
•*
3
1,986
209
215
18
289
22
14
7
*
22
5
7
2
16
32
3
5
442
19
323
35
18
8
1
27
8
5
6
17
35
10
7
19
396
35
9
7
1
26
18
4
7
17
39
10
4
593
24
428 '
64
12
9
•*
46
13
15
2
36
51
6
22
728
1
18
11
26
10
10
173
13
5
3
141
32
28
12
7
12
12
149
20
15
5
117
412
410
32
26
12
7
15
19
225
21
16
5
102
480
42
34
41
14
14
25
295
37
17
6
183
708
17
92
19
7
60
50
347
75
25
10
536
1,237
1
1
31
1
34
67
25
3
7
1
56
92
25
3
8
1
59
96
10
15
14
19
110
168
3
14
43
18
115
193
42
8
50
47
13
60
3,119
71
12
82
4,002
56
30
86
2,763
30
14
44
3,414
5,769
73
5,770
■*
2,7^3
*
3,119
*
3,414
*
4,002
158
5,927
267
6,037
519
1/ Data in two columns shown for this date differ because of changes in
reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
3
139
9
7
140
232
40
98
125
9
13
75
48
102
10
951
16
3
9
25
2,053
263
2/
48
929
1,573
34
8
79
9
212
June
Mar.
6
296
12
10
205
152
25
124
162
23
3
68
25
159
14
928
91
6
23
10
13
233
12
7
159
228
29
115
170
22
3
51
24
213
20
845
108
7
10
16
2,342
316
2,284
373
42
330
90
15
19
•*
72
14
26
3
I84.
95
55
130
1,073
8
124
28
10
133
28
290
62
18
11
1,038
Sept. p
16
181
13
21
185
256
28
126
141
24
5
36
35
239
16
806
113
8
19
14
2,282
332
41
251
53
16
11
*
74
11
28
3
222
100
68
129
1,007
1,749
7
129
33
11
146
26
275
83
28
23
1,263
2,024
30
7
113
7
351
508
22
32
88
12
377
532
25
42
65
24
281
437
32
12
73
5,734
47
18
65
6,108
44
6,056
50
18
67
6,149
276
6,01C
219
6,326
24.6
6,301
.67335
i
186
'
Through December 31, 1972, Bermuda included with Bahamas.
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
*
p
Less than $500,000.
Preliminary.
Treasury Bulletin
108
________________________________ CAPITAL M O VEM ENTS_____________________________
Section
T a b l e
III - L i a b i l i t i e s t o F o r e i g n e r s
CM-III-3.
- Short-Term
Re p o r t e d
Liabilities,
b y
b y
N o n b a n k i n g
T y p e
a n d
C o ncerns
Country,
as
of
in
the
United
S e p t e m b e r
30,
States
1976
Preliminary
(Position i n millions ol dollars)
Country
Total
Short-term
liabilities
Payable in
dollars
Payable in
foreign
currencies
Europe:
Belg i u m - L u x e m b o u r g ...............
S p a i n ..............................
S w e d e n .............................
S w i t z e r l a n d .......................
16
181
13
21
185
256
28
126
141
24
5
36
35
239
16
806
14
105
12
21
174
213
27
104
131
23
5
25
30
180
3
76
1
*
11
42
1
21
10
1
*
12
5
59
3
79
*
113
8
14
727
112
6
19
14
19
13
2,282
1,954
328
332
190
142
41
251
53
16
11
*
40
226
51
16
11
*
24
1
*
*
*
74
11
28
71
10
26
3
222
100
68
4
5
*
129
3
218
95
68
128
1 ,007
963
44
7
129
24
10
1
9
1
J a p a n ..............................
K o r e a ..............................
P hil i p p i n e s .......................
T h a i l a n d ...........................
Other A s i a .........................
7
129
33
11
146
26
275
83
28
23
1,263
143
25
215
83
28
22
1,234
3
1
59
*
*
1
30
Unit e d K i n g d o m ....................
Y u g o s l a v i a ........................
Oth e r W e s t e r n E u r o p e .............
Oth e r E a s t e r n E u r o p e .............
C a n a d a ................................
Lat i n America:
A r g e n t i n a ..........................
B a h a m a s ............................
C h i l ° ..............................
C ol o m b i a ..........................
C u b a ..............................
M e x i c o .............................
P a n a m a .............................
P e r u ................................
U r u g u a y ............................
V e n e z u e l a ..........................
O ther Latin A m e r i c a n Republics..
Netherlands A n t i l l e s .............
Oth e r Latin A m e r i c a ..............
Total Latin A m e r i c a ..............
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic o f (Taiw a n ) .....
Hong K o n g ........ .................
India ..............................
Indonesia..........................
3
*
1
1
3
1
1
*
2
-
T otal A s i a ........................
2,024
1 ,919
105
Africa:
E g y p t ..............................
M o r o c c o ............................
S o u t h A f r i c a ......................
Z a i r e ..............................
O t h e r A f r i c a ......................
25
42
65
24
281
25
41
63
22
268
*
1
2
2
12
Total A f r i c a ......................
437
4 19
17
O t h e r countries:
A u s t r a l i a ..........................
Al l o t h e r ..........................
50
18
48
16
2
1 *
Total other c o u n t r i e s............
67
64
3
Total f o reign c o u n t r i e s............
6,149
5,510
639
International and r e g i o n a l ........
G r a n d t o t a l ..................... ..
* Less than $500, 000.
186
186
-
6,335
5,696
639
109
April 1977
_______________________________ CAPITAL M OVEM ENTS________________________________
Section
III
- Liabilities
to
Table
Foreigners
Reported
CM-III-4.
b y
- L o n g - T e r m
N o n b a n k i n g
Liabilities
b y
Concerns
in
the
U n i t e d
States
C o u n t r y
(Position at end of period in millions of dollars)
1975
Calendar year
1976
Country
1972 1/
1971
Belgium - L u x e m b o u r g ...............
Ita l y ..............................
N e t h e r l a n d s .......................
Portugal .........................
U n ited K i n g d o m ....................
O ther W e s t e r n E u r o p e .............
C a n a d a ...............................
Lat i n America:
C u b a ...............................
M e x i c o .............................
P a n a m a .............................
U r u g u a y ............................
V e n e z u e l a ..........................
Oth e r Latin A m e r i c a n Republics..
Netherlands Antilles 2 / .........
O t h e r Latin A m e r i c a ..............
Total Latin A m e r i c a ..............
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic of (Taiwan).....
Hong K o n g ..........................
I n dia ..............................
Indonesia..........................
Is r a e l .............................
K o r e a ..............................
Ph i l i p p i n e s .......................
T h a i l a n d ...........................
2
1974
1
Dec.
11
Mar.
Sept. p
10
10
29
*
199
27
x
51
'
58
506
175
27
•*
50
446
*
*
254
43
*
213
38
*
175
36
*
266
252
29
*
78
348
55
361
20
31
392
24
474
152
207
*
*
150
219
144
21 8
*
*
*
*
3
5
57?
*
4
5
572
*
5
30
572
*
5
30
525
*
5
31
505
*
*
448
*
1,256
*
1
1,543
*
*
1,629
*
1,601
*
1,520
*
9
*
15
*
19
*
*
*
3,128
3,007
153
175
201
164
*
4
5
3
455
-
866
*
*
20
152
236
*
*
3
•*
475
*
Q4Q
*
■*
Q83
*
*
*
Sept.
261
41
81
553
19
8
2
1,112
*
*
-
-
*
2,652
2,560
2,613
2,706
73
64
94
104
-
-
1
1
1
280
B r a z i l .............................
C h i l e ..............................
C o l o m b i a ...........................
1973
*
-
1
1
1
1
1
1
1
250
343
*
-
•*
-
1
1
1
1
471
505
*
*
*
_
*
*
*
*
*
*
1
1
*
47
1
1
*
*
*
*
*
490
*
512
*
5
*
5
*
1
1
*
6
495
503
1
210
4
1
1
-
385
1
*
6
481
1
242
3
3
*
*
340
5
?9
*
164
-
314
1
1
1
145
3
3
*
*
7
5
9
1
1
177
3
3,280
-
4
18
1
110
3,231
1
3
7
*
*
4
64
*
3,033
1
87
202
1
3
4
*
*
1
11
1
1
2
2
3
10
1
466
1
91
210
1
-
1
11
3
1
2
14
*
*
1
8
6
2
531
1
7
7
7
216
*
*
1
*
*
3
367
•*
6
*
82
460
1
6
2
6
16
9
29
9
286
2 69
*
*
*
1
1
1
*
*
*
*
3
4
397
*
401
*
7
*
7
*
83
495
87
496
1
77
214
1*
6
31
466
1
20
S o u t h A f r i c a ......................
Z a i r e ..............................
O t her A f r i c a ......................
7
Total A f r i c a ......................
7
Oth e r countries:
A u s t r a l i a ..........................
All o t h e r ..........................
45
*
*
*
*
-
*
*
*
-
6
6
6
6
1
74
*
*
2
Total other c o u n t r i e s............
45
74
Total foreign co u n t r i e s ............
3,138
3,540
3,603
-
-
-
International and regional
G r a n d total ........................
3,138
3,540
3,603
*
*
6
1
8
32
*
33
3,886
*
3,886
*
*
4
-
1
6
64
*
65
*
*
*•
*
*
*
*
*
2
2
1
2
66
65
•*
*
66
66
3,889
4,225
4 ,277
-
-
-
3,889
4,225
4,277
29
*
49
425
1
71
214
*
*
6
32
1
20
1
1
184
5
1 57
5
1
1
6
4
•*
*
2
1
1
6
4
*
*
2
7
27
7
27
11
248
11
222
*
1
1
*
•* V
4
394
•*
8
*
88
10
150
26
*
39
406
1
75
270
*
*
6
308
38
*
1,441
*
*
20
*
2 ,790
121
1
132
5
1
1
7
3
*
*
2
7
27
45
230
*
*
*
*
/
*
*
1
1
388
*
8
1
1
4
402
*
8
*
*
87
82
495
4 89
4 98
*
*
*
-
*
*
*
*
*
*
X
*
65
*
64
*
64
*
Africa:
*
*
*
-
*
190
2
2
65
4,092
1
2
64
3 ,960
-
4,092
3 ,960
1
2
64
3,705
3,705
• •
1/
D a t a in the t wo columns shown f or this date differ b ec a u s e of changes
in reporting coverage. Figures in the first column are comparable in
coverage t o those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
2 / T h r o u g h December 31, 1972, B e rmuda included w i t h Bahamas.
2 / T h r o u g h D ecember 31, 1975, S u r i n a m included w i t h Netherlands Antilles,
*
Less t h a n $500,000.
p Preliminary.
Treasury Bulletin
no
.CAPITAL MOVEMENTS.
Section
I V
- Claims
o n
Foreigners
Table
Reported
CM-IV-1.
b y
N o n b a n k i n g
- Claims
b y
C o n c e r n s
in
the
United
States
T y p e
In m illions of dollars)
Sho r t - t e r m claims
E nd of
calendar year ex'
quarter-end m on t h
Payable in fore i g n currencies
T otal claims
Total
1/
Payable in
dollars
Deposits w i t n banks
abroad in reporter's
o w n name
Long - t e r m
claims
Other s hort-term
claims payable in
f o reign currencies
1 9 5 7 .....................
947
777
637
78
63
170
1 9 5 8 .....................
943
720
568
88
63
223
1 9 5 9 .....................
1,009
705
605
68
32
304
I960 2 / .................
f 1,775
^1,859
1 ,432
1,505
824
875
58
71
549
560
344
354
1 9 6 1 -Mar. 2 / ............
f 1,633
^ 1,701
1,248
1,305
939
968
76
233
248
385
396
f 1,895
\ 1,934
1,496
1,528
1 ,181
1,208
122
126
193
194
399
4 06
2 / ..........
f 2,099
\ 2,117
1,646
1,664
1,323
1,340
131
132
1 92 'I
1 92 j
453
D e c ............*...
2,138
1 ,636
1,335
150
151
502
f 2,443
t 2,678
1,807
1 ,974
1,475
1 ,5 9 8
178
208
153
168
636
704
f 2,809
\ 2,867
2,051
2 ,098
1,625
1,668
214
217
212
212
75 8
769
f 2,929
2,979
2,113
2,162
1 ,712
1,758
201
204
200 ^
200 J
816
June 2 / ............
f 3,048*1
^ 3,164 J
2,282
1,877
222
183
Dec. 2 / ............
( 2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
f 3,297
1 3,245
2,482
2,430
2,000
1,952
219
262^1
260 J
815
f 3,738
2,776
^3,934
2,853
2,306
2,338
189
205
281
310
962
1,081
f 3,565
<3,438
2,397
2,299
2 ,000
1,911
167
166
229
222
1,169
1,139
1 9 6 6 .....................
3 ,884
2,628
2,225
167
236
1,256
1 967 2 / .................
f 4,483
<4,581
2,946
3,011
2 ,529
2 ,599
201
203
216
209
1 ,537
1,570
June 2 / ............
Sept.
1962-June 2 / ............
Dec.
2 / ....... .
196j5-Mar. 2 / ............
1964-June
2 / ............
Dec. 2 / ............
1965 2 / .................
220
f
^
7 66
882
5,572
3,783
3,173
368
241
1,790
f 5,925
^ 6,5 2 3
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7 ,110
4,160
3,579
234
348
2,950
8,-503
8,068
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
3,370
1 9 6 8 .....................
1 9 7 0 .....................
1971 2 / ..................
89
f
^
I
9,094
5,723
5,074
411
238
V
9,96c
6,294
5,643
393
258
3,666
1 9 7 3 .....................
12,529
8,471
7,584
493
394
4,057
1972 2 / ..................
1 9 7 4 - D e c ................
15,809
11,266
1 0,241
473
551
4,544
1 9 7 5 - S ept...............
16,211
11,655
10,340
529
786
4,5 5 7
D e c ................
17,131
12,172
11,025
565
581
4,959
1 9 7 6 - M a r ................
17,886
12,733
11,688
483
562
5,152
J u n e ...............
18,897
13,889
12,895
501
493
5,008
Sept. p ............
18,178
13,221
12,173
505
543
4,958
lote:
Breaks In series arising f r o m changes in reporting coverage w h i c h
amount to $5 m i l l i o n or less for a ny y e a r are not shown; in such
cases, o n l y t he figure comparable t o that for the following date is
shown.
1 / Data are sho w n for calendar y e a r ends and for t he most recent five
q u arter ends for w h i c h figures are available.
Da t a are also shown
2/
p
for earlier q u arter ends w h e n the r eporting coverage changed.
D a t a o n the t w o lines shown for th i s date differ beca u s e o f changes
i n reporting coverage.
F i gures o n the first line are comparable in
coverage to those sho w n for t h e pr e c e d i n g date; figures o n t h e second
line are comparable to tho s e shown f o r t h e f ollowing date,
Preliminary.
111
April 1977
CAPITAL MOVEMENTS
Section
IV
- Claims
on
Foreigners
Table
Reported
CM-IV-2.
b y
N o n b a n k i n g
- Short-Term
Claims
b y
Concerns
in
the
United
States
C o u n t r y
( P osition at end of period in millions of dollars)
Calendar ye a r
1976
1975
Country
1971
Euror»e:
A u s t r i a ............................
F r a n c e .............................
I t a l y ..............................
N e t h e r l a n d s .......................
N o r w a y .............................
P o r t u g a l ...........................
S p a i n ..............................
S w e d e n .............................
S w i t z e r l a n d .......................
T u r k e y .............................
United K i n g d o m ....................
Y u g o s l a v i a ........................
Other W e s t e r n E u r o p e .............
14
60
15
18
202
192
34
186
68
1972 1 /
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
1973
Dec.
Sept.
1974
27
41
406
176
58
45
516
80
207
26
270
31
24
1,905
36
2,289
30
2,609
28
254
23
2,370
19
101
69
14
150
70
18
106
80
14
96
75
71
102
25
16
133
39
91
293
355
33
380
167
41
44
407
62
31
1,545
36
1,847
22
1,778
23
19
15
77
27
21
91
50
35
187
8}r
16
19
153
57
82
48
Sept. p
21
195
26
139
418
489
56
357
141
43
28
335
62
15
131
24
114
304
3 16
56
3 79
135
48
39
315
100
220
17
106
46
44
278
280
51
230
108
18
49
1j
17
193
30
138
365
360
47
335
147
52
22
432
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
19
73
29
25
209
190
June
Mar.
17
116
35
36
358
305
Oth e r E a stern E u r o p e .............
13
16
124
40
63
9
947
13
13
14
13
Total E u r o p e ......................
2,052
2,309
2,502
3,368
4,450
4,218
4,504
4,946
5,344
C a n a d a ...............................
777
899
960
1,235
1,613
2,084
2,109
2 ,2 4 4
2 ,2 1 1
54
366
148
46
45
1
151
21
59
520
175
33
41
1
180
19
40
4
89
55
662
170
25
39
1
181
85
36
47
626
232
67
594
54
686
3 89
39
48
1
58
667
409
36
49
1
362
92
48
883
475
27
47
1
331
86
37
4
156
171
7
292
43
1,150
462
46
57
1
332
103
39
4
186
185
10
437
84
35
22
215
180
9
445
Latin America:
A r g e n t i n a .........................
Bahamas g / ........................
B r a z i l .............................
C h i l p ..............................
Colo m b i a , ,, .......................
C u b a ...............................
M e x i c o .............................
P a n a m a .............................
P e r u ...............................
U r u g u a y ............................
V e n e z u e l a .........................
O t her L atin A m e r i c a n Republics..
Netherlands Antilles j / i ........
O t her L atin A m e r i c a ..............
34
5
81
14
23
19
1,213
12
12
468
106
242
84
30
17
81
79
5,162
..
27224
39
924
417
26
66
1
352
23
4
92
95
13
42
34
40
1
238
61
47
5
134
140
13
222
1,289
1,500
1,840
2,336
2,2 2 4
2,369-
2,5 6 4
3,055
2,8 1 4
*
*
67
24
33
33
31
456
63
49
15
201
65
36
17
1 38
62
37
92
45
152
44
1,230
201
97
24
384
48
126
63
1,260
205
93
20
532
65
I
110
39
143
54
1,130
263
96
22
549
35
100
66
60
158
42
1,161
105
106
20
640
23
215
104
51
166
53
1,169
127
114
19
691
11
136
33
48
31
508
67
59
15
201
11
121
48
37
56
38
943
104
73
19
239
1,065
1,689
2,326
2,627
2,634-
2,493
2 , 729
2,4 1 8
7
6
3
53
5
73
4
52
8
90
9
3
62
18
124
15
7
101
24
227
15
10
78
22
249
22
10
93
28
261
22
10
78
28
213
28
12
86
30
235
36
9
78
33
267
14 0
160
216
3 74
374-
414
351
391
422
94
20
83
23
97
116
49
79
48
102
25
97
36
101
56
113
67
107
123
165
127
141
6,294
8,471
11,265
11,65/
1 2,171
99
9
24
91
12
Total Latin Am e r i c a ..............
1,084
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic o f (Taiwan) .....
Hong K o n g ..........................
Ind i a ..............................
I ndonesia .........................
I s rael.............................
J a p a n ..............................
K o r e a ..............................
Phil i p p i n e s .......................
T h a i l a n d ...........................
O ther A s i a ........................
1
41
23
35
28
22
405
68
48
15
144
830
9 72
E g y p t ..............................
M o r o c c o ............................
S o u t h A f r i c a ......................
Z a i r e ..............................
Other A f r i c a ......................
9
2
41
6
97
Total A f r i c a ......................
155
0ther_counjries:
A u s t r a l i a ..........................
All o t h e r ..........................
80
17
Total A s i a ........................
242
54
1
308
132*
44
5
193
199
20
147
323
103
50
5
158
165
12
192
84
41
4
178
160
12
301
64
83
53
196
48
1,008
143
93
22
625
Africa:
Total other c o u n t r i e s ............
98
114
Total foreign coun t r i e s............
4,996
5,723
International a n d . r e g i o n a l .......
4
1
1
Grand T o t a l . . , ......................
5,000
5,723
6,294
1/
■*
*
D a t a o n the two columns shown for this date differ b e cause of changes
in r eporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable t o those shown for the following date.
8,471
2/
2/
p
*
39
133'
12,732
157
180
13,888
13,220
*
*
1
1
1
1
11,266
11,655
12,172
12,733
13,889
13,221
T h r o u g h D e cember 31, 1972, B e r m u d a included w i t h Bahamas.
T h r o u g h Decem b e r 31, 1975, S u r i n a m included w i t h Netherlands Antilles,
Preliminary,
Less th a n $500,000.
Treasury Bulletin
112
______________________________CAPITAL MOVEM ENTS_______________________________
Section
Table
I V
- Claims
CM-IV-3.
on
Foreigners
- Short-Term
Reported
Claims,
b y
b y
T y p e
N o n b a n k i n g
a n d
Country,
Concerns
as
in
the
of S e p t e m b e r
U n i t e d
30,
States
1976
Preliminary
(Position In millions o£* dollars)
P ayable i n f o r e i g n currencies
Country
Total
short-term
claims
Payable in
dollars
Deposits w i t h banks
abroad in reporter's
o w n n ame
Other s h o rt-term
claims p a yable in
f o reign currencies
Europe:
I ta l y ..............................
O th e r Eas t e r n E u r o p e .............
21
195
26
139
4 18
489
56
357
141
43
28
335
62
254
23
2,370
30
17
81
79
2,224
*
72
1
*
54
335
132
40
28
319
57
221
21
2,280
29
15
80
76
......
1,912
........
3
8
1
•*
4
104
1
5
2
2
*
13
15
1
17
8
1
*
10
6
2
13
1
29
*
3
20
1
61
1
*
*
*
4,752
5,162
C a n a d a ...............................
18
114
25
139
400
370
2
1
2
287
124
65
246
Lat i n America:
Ba h a m a s ............................
C h i l * ..............................
C o l o m b i a ..........................
O ther Latin A m e r i c a n Republics..
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic of ( T aiwan) .....
Africa:
E g y p t ..............................
84
35
22
215
180
9
445
36
911
400
26
65
1
345
76
32
21
205
167
8
442
2,814
11
136
83
53
196
48
1,008
39
924
417
26
66
1
352
■*
13
16
*
1
1
1
5
2
*
3
*
1
•*
*
-
6
3
1
*
7
6
1
1
3
8
*
2,736
53
25
*
*
143
93
22
625
11
134
76
48
192
47
860
141
91
21
599
14
*
2
6
1
3
1
88
2
1
1
12
2,418
2,218
83
116
36
9
78
33
267
34
7
70
26
249
1
*
2
2
8
1
2
6
5
10
422
385
12
25
113
67
104
65
1
4
1
•*
61
*
1
*
1
O t h e r countries:
Al l o t h e r ..........................
4
•*
5
2
Total o ther c o u n t r i e s ............
180
169
4
7
Total for e i g n c o u n t r i e s ............
13,220
12,172
505
543
X
L
Grand t o t a l ..........................
13,221
12,173
505
543
* Less than $500, 000.
113
April 1977
.CAPITAL M OVEM ENTS.
Section
Table
IV
- Claims
CM-IV-4.
on
Foreigners
- Short-Term
Reported
Liquid
C l a i m s
b y
N o n b a n k i n g
Reported
by
C o n c e r n s
Large
in
the
N o n b a n k i n g
United
Concerns
States
b y
T y p e
(In millions of dollars)
Payable in foreign currencies
Payable in dollars
E n d of
calendar y ear
o r m onth
Deposits
Deposits
Total
Time
D emand
Short-term
investments 1/
Total
114
57
2 27
219
45
45
Demand
1965 2/...
691
625
19
19
557
549
1 96 6
805
58
699
48
168
40
1 9 6 7 2/...
901
9^5
66
66
702
786
133
133
1 77
178
50
51
196 8
1,306
28
49
19 6 9 2/...
1 ,068
1,222
90
86
92
88
77
77
49
49
59
60
87
332
951
1,062
116
161
250
269
174
183
1,192
Sho r t - t e r m
investments 1 /
Time
76
86
847
697
150
294
173
121
1 971 2/...
1,295
1,205
1,092
1,078
203
1 27
354
302
234
234
120
68
1972 2/...
1,615
1,966
1,446
1,910
169
55
350
408
307
340
42
68
197 3
2,625
2,588
37
539
435
105
197 4
2,660
2,591
69
697
4 29
268
197 5
3,035
2,703
332
756
510
246
1 97 6
4 .774
4.401
373
628
328
300
3,086
375
3 77
393
412
763
782
68 7
700
426
345
289
335
253
267
237
633
474
447
435
433
452
433
203
2 27
228
242
227
308
197 0
3,461
3,644
3,749
4,267
1976-Jan..
Feb..
Mar..
Apr..
May..
June.
4,224
4,426
4,437
4,968
5,20U
4 ,91*9
4,515
*,316
July.
Aug..
Sept.
Oct..
Nov..
Dec..
5,185
5,1^2
4,750
4,869
5,133
5,402
4,552
4,538
4,075
4,283
4,598
4 .774
4,192
4,742
5,358
19 7 7 - J a n . .
3,267
3,357
3,855
4 ,090
3,971
4,119
3,705
3,893
4,210
4 .401
360
41 9
370
391
387
373
675
586
535
628
431
3 77
44?
344
308
328
4,375
368
616
308
Note:
D a t a represent the liquid assets abroad of large nonbanking
concerns in the Unit e d States.
T h e y are a por t i o n o f the total claims
on, foreigners r e ported b y nonbanking concerns in t he United S t ates and
are included in th e figures shown in Ta b l e s C M -IV-1 thr o u g h CM-IV-3.
1 / N egotiable and other r e a d i l y transferable fore i g n o bligations payable
o n demand or h a ving a contractual mat u r i t y of not more t h a n one y ear
Table
CM-IV-5.
- Short-Term
Liquid
689
Claims
633
604
2 00
300
f r o m the date o n w h i c h the obligation w a s incurred b y t he foreigner
D a t a o n the t wo lines sho w n for this date differ bec a u s e of changes
in r e porting coverage or classification.
Figures o n t he first line
are comparable t o those shown for the preceding date; figures o n the
s econd l ine are comparable t o those shown for the following date.
2/
Reported
by
Large
N o n b a n k i n g
C o ncerns
b y
Country
(Position at end of period in m illions of dollars)
Calendar y ear
1977
1976
C o untry
1972
B e l g i u m - L u x e m b o u r g...............
F r a n c e .............................
I t a l y ..............................
N e t h e r l a n d s .......................
S w i t z e r l a n d .......................
Unit e d K i n g d o m . . . ................
C a n a d a .............................
J a p a n ..............................
T o t a l ..............................
1973
34
25
13
17
2
21
51
18
10
16
7
6
1,118
912
1974
1976
1975
Nov.
Oct.
Dec.
Jan.
24
37
4
8
120
1,641
81
32
23
4
10
122
1,690
50
33
24
3
12
72
1,819
83
24
1 29
4
5
123
1,712
58
33
24
3
12
72
1,819
59
11
4
12
15
1,350
63
12
29
3
14
68
1,304
14
105
1,852
1,400
1,563
1,551
1,290
1,312
127
23
3
10
58
Sept.
80
3
535
765
967
1,153
1,551
1,356
562
589
391
546
1,228
810
1,059
1,059
1,228
137
306
39 8
343
128
146
116
135
128
114
277
184
255
474
358
379
414
474
535
2,373
3,164
3,357
3,791
5,402
4,750
4,869
5,133
5,402
5,358
Note:
Data represent the liquid assets abroad of large n onbanking c o n
cerns in the United States.
T h e y are a p o rtion of the total claims on
foreigners reported b y nonbanking concerns i n the United Stat e s and
are included in the figures shown i n T a b l e s CM-I V - 1 t h r o u g h CM-IV-3.
1/
2/
T h r o u g h Decem b e r 31, 1972, B e r m u d a included w i t h Ba h a m a s
Includes the liquid claims of $500 thous a n d or mo r e h e l d b y reporting
concerns in a ny country n ot listed above.
Treasury Bulletin
114
____________________________ CAPITAL M OVEM ENTS______________________________
Section
Table
I V
- C l a i m s
CM-IV-6.
o n
Foreigners
- S h o r t - T e r m
b y
Reported
Liquid
T y p e
a n d
b y
Claims
Country,
N o n b a n k i n g
R e p o r t e d
as
of
b y
January
Concerns
Large
31,
in
the
Uni t e d
N o n b a n k i n g
States
Concerns,
1977
(Position in millions of dollars)
Payable in dollars
Total
short-term
liquid
c laims
C oun t r y
Total
Payable in f o r e i g n currencies
Short-term
investments 1/
Deposits
_
To t a l
Deposits
B e l g i u m - L u x e m b o u r g ................
50
5
5
F r a n c e ..............................
59
57
31
25
3
3
G e r m a n y ....................... .
11
10
10
-
2
2
It a l y ...............................
N e t h e r l a n d s ....... .................
S w i t z e r l a n d .................... .
45
Short-term
investments 1 /
45
_
3
2
2
*
1
1
14
1
1
-
13
13
_
105
85
85
-
20
20
_
United K i n g d o m .....................
1,852
1,760
1,751
9
92
92
-
C a n a d a ..............................
1,290
1 ,008
695
313
282
39
243
B a h a m a s ....................... .
1,312
1,300
1,300
-
12
12
-
J a p a n ................................
127
39
33
7
88
24
64
A ll other countries 2 / ............
535
476
462
14
59
58
1
5,358
4,742
4,375
3 68
616
308
308
T o t a l ................................
|
Note:
Da t a represent the liquid assets abroad of large nonbanking concerns
i n the United States.
T h e y are a p o rtion of the total claims on foreigners
repor t e d b y n o n banking concerns in the U n ited States that are included
in the series p u blished in T a b l e s CM-I Y - 1 thr o u g h CM-IV-3.
1/ N e g otiable and other r e a d i l y transferable f o reign obligations payable
2/
o n demand or having a contractual m a t u r i t y of n o t mo r e t h a n one year
f r o m the date on w h i c h the obligation wa s incurred b y t he foreigner,
Includes the liqu i d claims of $500 thous a n d or m ore he l d b y r eporting
concerns i n a n y coun t r y no t l i sted above.
*
L ess t h a n $500,000.
April 1977
115
.CAPITAL M OVEM ENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1971
Europe:
A u s t r i a .........................
B e l g i u m -Luxembourg .............
D e n m a r k .........................
F i n l a n d .........................
F r a n c e ...........................
G e r m a n y .........................
G r e e c e ...........................
Italy............................
N e t h e r l a n d s .....................
N o r w a y ...........................
Portugal .......................
S p a i n ............................
S w e d e n ...........................
Sw i t z e r l a n d .....................
T u r k e y ...........................
United K i n g d o m .................
Y u g o s l a v i a .................. .
Other W e s t e r n E u r o p e ..........
U . S . S . R .........................
Other E a stern E u r o p e ..........
1972 1/
1973
1974
1
2
4
7
3
19
20
67
4
7
6
22
7
53
7
7
7
6
26
7
43
8
10
2
6
40
333
28
15
86
54
343
25
13
70
45
364
28
16
65
56
339
30
43
6
2
128
13
12
34
28
15
163
16
11
34
29
27
191
16
13
43
9
37
13
55
25
52
26
290
16
7
20
9
8
15
1
7
53
23
21
40
280
12
9
46
42
44
3
364
11
4
11
11
Dec.
Sept.
13
14
1
7
54
23
16
43
273
7
7
40
39
59
5
366
4
3
1
15
12
20
*
6
57
41
15
41
217
6
6
47
42
55
2
396
8
3
11
17
Mar.
June
12
18
2
10
58
3S
12
13
42
219
6
10
26
47
52
3
349
9
4
15
16
Sept. p
19
1
12
57
39
12
36
211
13
18
1
16
58
77
10
36
211
14
14
23
47
52
2
365
10
14
13
26
47
50
1
290
10
3
17
15
3
17
13
Total E u r o p e ....................
832
878
935
1,051
1,007
989
1,002
949
959
..$25
C a n a d a .............................
717
833
1,141
1,172
1,290
1,347
1,426
1,473
1,516
1.510
L atin America:
A r g e n t i n a . ......................
Bahamas 2 / .......................
B r a z i l ...........................
C h i l p ............................
C o l o m b i a ........................
66
4
174
217
34
9
60
29
28
59
8
184
236
30
9
60
36
16
60
25
187
238
32
9
64
35
16
4
30
241
*
13
24
18
145
220
22
5
28
7
182
312
22
9
209
115
28
18
154
217
3
1
38
8
171
315
18
9
216
115
26
18
459
217
21
3
4
35
37
164
306
20
9
187
133
29
18
358
284
20
2
33
37
171
244
23
9
219
138
4
30
223
44
19
187
435
13
9
153
112
19
18
34
7
177
313
15
9
228
116
4
30
225
48
131
145
254
12
9
79
49
18
18
38
239
1
12
1,053
1,384
1 ,333
1,633
1,770
1.602
46
7
11
56
52
53
4
5
48
3
7
3
6
3
6
23
161
85
198
92
7
86
34
170
80
197
78
5
91
23
129
91
195
93
5
87
709
736
23
11
144
C u b a .............................
M e x i c o ...........................
P a n a m a ...........................
P e r u .............................
U r u g u a y .........................
V e n e z u e l a .......................
O ther Latin Am e r i c a n Republics
Netherlands Antilles 2 J . ......
Oth e r Latin A m e r i c a ............
Total Latin Am e r i c a ............
539
278
21
887
902
955
33
2
15
21
39
1
17
28
41
136
85
48
17
62
74
156
85
63
16
83
40
1
16
32
75
133
65
63
4
81
54
4
15
37
92
125
91
85
$
93
94
3
9
20
122
95
17 7
76
5
104
Total A s i a ......................
461
562
511
613
681
667
669
685
Africa:
E g y p t ............................
M o r o c c o .........................
S o u t h A f r i c a ....................
Z a i r e ............................
O th e r A f r i c a ....................
4
1
6
*
4
*
4
1
21
10
119
*
1
31
12
125
*
*
36
11
166
•*
1
21
11
130
Total A f r i c a ....................
Oth e r countries:
A u s t r a l i a .......................
All o t h e r ......... .............
Asia:
China, People's Republic of
(China M a i n l a n d ) ..............
China, Republic of (Taiwan)...
Hong K o n g .......................
India ............................
In donesia.......................
Isra e l ...........................
J a p a n ............................
K o r e a ............................
Ph i l i p p i n e s .....................
T h a i l a n d ........................
Other A s i a ......................
3
11.^47.
*
10
33
123
112
164
83
6
24
122
90
48
224
86
6
79
75
9
1
72
2
1
78
22
2
87
3
1
17
8
98
86
87
87
115
127
154
168
214
163
181
77
5
100
5
29
5
32
17
29
20
42
19
35
19
35
21
34
19
33
19
61
55
56
53
52
5,002
Total other co u n t r i e s .........
82
105
T otal foreign co u n t r i e s .........
3,065
3,366
_3fL.
3,662
International and r e g i o n a l ......
G rand t o t a l .......................
33
19
302
290
28
3,068
3,370
3,666
Da t a on the t wo columns s hown for this date differ b e cause of changes
i n r e p orting coverage.
Figures i n the first column are comparable in
coverage to those s h o w n for the p r e ceding date; figures in the second
column are comparable t o those sho w n for the following date.
49
49
4,054
4,538
4,954
_5,146
4
5
6
6
6
6
4,057
4,544
4,557
4,959
5,152
5,008
2/
2/
*
p
4,551.
3
*
k,22L—
-..L ,
4,958
Thro u g h D e cember 31, 1972, Bermuda include d w i t h Bahamas.
Thro u g h D e cember 31, 1975, S u r i n a m included w i t h Netherlands Antilles.
Less t han $500,000.
Preliminary.
Treasury Bulletin
116
-CAPITAL M OVEM ENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United'States)
Corporate a nd other securities
U.S. Government
corps, and agencies 2 /
Marke t a b l e Tr e a s u r y bon d s and notes
Bonds 1 /
N e t fo r e i g n purchases
Calendar ye a r
or mon t h
F o r e i g n countries
Total
Official
Other
insti
tutions
foreign
ers
36
-2 3 7
689
127
512
-728
671
-3 3 8
524
-98
-20
-2 0 7
369
195 8
36
197 3
197 4
197 5
1 97 6
1977-Jan.-Feb. p
-43
-489
- 45
56
1,672
3,316
305
-472
1,995
8,096
2,015
-20
- 245
48
-380
-115
- 41
1,661
3,281
465
- 642
1,612
5,117
937
95
56
30
51
59
123
-119
- 22
5
69
203
27 7
-1 5 1
-427
-1 2 1
-1 6 1
11
-25
130
57
-165
101
180
2,702
44
1,034
1 9 7 6 - F e b .......
M a r .......
A p r .......
M a y .......
J u n e ......
623
700
-3 3 8
238
1,205
176
731
457
263
717
6
46
4
-18
441
-77
-799
-7
54
434
July.
Aug..
815
729
1,315
1,019
576
735
294
316
30
80
-39
56
491
333
390
736
43
7
193
307
9
0
1
2
3
1 96 4
196
196
19 6
196
19 6
197
197
1 97
-76
-616
5
6
7
8
9
0
1
2
Sept.
Oct..,
N o v . .,
Dec..
1977-Jan. p.
-----1/
964
227
340
421
510
1.505
229
70 9
20
261
23
773
1,224
1,217
1,730
1,077
680
585
443
528
691
2,4 1 4
4,358
2,738
3,382
8,898
25,610
5,031
1 ,744
1,780
1,867
1 ,149
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
63 4
742
1,043
2,433
3 ,854
6,903
17,514
3,016
1,207
1,421
1,639
892
1,704
584
721
1,977
1,762
2,776
2,651
2,691
4,021
3,790
947
2,047
1,336
lj672
1,932
3,099
Gross
Net
f o reign
for e i g n
purchases purchases
6 54
4 99
3 , 444
3,055
CM-V-2.
- Foreign
a n d
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,571
5,408
5,529
542
1,9 2 9
. 2,4 8 1
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
417
-333
757
2,2 7 0
1,487
626
409
387
570
427
393
362
417
372
585
411
115
254
151
174
-13
238
-4
10
307
411
361
156
237
37 4
386
-5
258
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
81
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
201
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
120
1,011
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
47
-31
160
22
238
n.a.
n.a.
n a
n!a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
83
-2
142
58
59
61
2/
Sales
p
17
73
50
-99
-51
9
176
38
313
1,964
1,202
956
703
1,881
1,961
989
766
1,207
317
734
322
323
111
1 98
-349
-413
7 31
2 ,188
2,7 9 0
540
4,669
2,753
415
410
40 4
155
%
533
363
202
.
476
2
1,397
2 ,2 2 4
1,977
3,067
2,260
2,724
3,076
3 ,720
1,454
1,862
1,775
2,745
2,149
2 ,527
3,425
4,133
4,740
8,033
13,118
12,429
8,927
11,626
14, 3 6 1
12,767
7,636
15,347
18,227'
2,587
5,074
7,276
10,848
10,942
8,301
2,0 9 8
2,144
1,695
1,212
1,432
1,726
1,5 5 9
1,284
1,097
1,178
1,363
971
1 ,116
1,321
1,025
1,287
1,137
1,035
524
274
1,605
1,062
1,1 2 4
1,226
977
1,562
263
154
2 88
127
1,425
1,162
24
91
9
Gross
foreign
sales
10,894
12,173
9,978
7,096
10,678
15,475
2,172
T h e s e d a t a a re n o t a v a ilable p r i o r t o J a n u a r y 1977.
Preliminary,
n.a.
of
-56
344
296
392
416
3 59
246
28 4
637
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,594
N et
Gross
f o reign
fo r e i g n
purchases p urchases
361
369
442
317
308
256
461
675
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,422
Purchases
Gross
Gross
Ne t
fo reign
foreign
foreign
purchases purchases sales
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Da t a include t r ansactions i n iss u e s o f states a ad municipalities.
Through
D e c e m b e r 1976, d ata a l s o I n cluded t r a n sactions i n issues o f corporations
and o t h e r a gencies o f t h e U.S. Go v e r n m e n t .
Table
Gross
foreign
sales
i i
-59
273
165
22 4
532
-521
302
-3L5
195
196
1 96
196
1 96
Gross
Gross
foreign
f o reign
purchases sales
Inter
n a tional
and
regional
Stocks
Not available#
L o n g - T e r m
Foreign
Securities
b y
T y p e
(In millions of dollars; negative figures indicate net sales b y f oreigners or a n et o u tflow of capital f r o m t he Un i t e d States)
Calendar y ear
or m o n t h
1 9 5 8 ..........................
1 9 5 9 ..........................
I 9 6 0 ..........................
1 9 6 1 ..........................
1 9 6 2 ..........................
1 9 6 3 ..........................
1 9 6 4 ..........................
1 9 6 5 ..........................
1 9 6 6 ........................ .
1 9 6 7 ..........................
1 9 6 8 ..........................
1 9 6 9 ..........................
1 9 7 0 ..........................
1 9 7 1 ..........................
1 9 7 2 ..........................
1 9 7 3 ..........................
1 9 7 4 ..........................
1 9 7 5 ..........................
1 9 7 6 ..........................
1977-Jan.-Feb. p ............,
Net f o reign
purchases
of fore i g n
securities
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
—818
-2,034
-6 , 5 1 4
-8,870
-518
Fo r e i g n bonds
Net f o reign
purchases
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-2,218
-6,325
Gro s s f o reign
purchases
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,6 8 7
1,901
F o r e i g n stocks
Gross fore i g n
sales
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2 ,441
2,621
2 ,932
2 ,467
-8,548
1,474
1,036
2,383
4 ,932
8,707
13,479
-389
1,406
1,795
1,547
402
Net f o reign
purchases
-336
-238
-83
-370
-104
51
200
290
2 29
-157
-314
-517
35
-49
40 9
176
184
-189
"323
Gro s s foreign
purchases
467
566
509
596
702
6 96
748
9 06
960
880
1,252
1,519
1,033
1,385
2 ,532
Gross f o reign
sales
804
8 04
592
9 66
80 6
644
548
617
731
1,0 3 7
1,566
2,037
9 98
1,434
2,123
1,554
1,723
1,730
2j 259
-128
1 ,729
1,907
1 ,541
1,937
310
-60
162
-53
40
-42
193
182
198
162
222
246
143
240
2 06
128
123
126
257
134
153
132
167
133
168
439
1 9 7 6 - F e b .....................
M a r .....................
A p r .....................
M a y ............... .
J u n e ....................
-1,205
-1,145
-994
-382
-491
-576
- 942
-422
-449
-532
360
342
373
281
1,302
763
822
813
-44
J u l y ....................
A u g .....................
-1,749
-478
O c t .....................
-1,877
-489
-454
- 369
2,188
811
790
819
855
-129
-11
-27
-2
-2
D e c .....................
-1 , 2 9 4
-1,298
440
333
363
452
455
670
1,968
4
217
213
1977-Jan. p
................
F e b . p ...................
-49
-469
-3 0
818
-359
$88
848
947
-19
-110
1 81
130
199
239
p
Preliminary.
-402
-368
-400
April 1977
111
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the Unitea States)
Calendar year
1974
1976
1975
1977
1976
1977
through
Feb. p
Country
Sept.
Oct.
Nov.
Dec.
Jan. p
2
-8
2
211
*
5
*
*
19
*
-19
11
*
-2
-1
*•
-
Feb. p
Europe:
*
1
*
18
53
549
*
-5
272
1
*
*
-85
206
*
122
-
-
*
4
*
*
-8
5
*
-1
5
4
*
*
16
-4
*
70
5
n.a.
_
*
3
*
17
-3
206
*
*
10
39
*
*
25
26
-129
7
n.a.
_
*
114
n.a.
*
Total Europe....................
96
200
1,245
Canada.............................
131
-317
*
*
*
-
-1
24
194
*
-1
*
*
-35
97
13
-2
n.a.
-
3
7
5
17
_
*
1
*
2
-2
7
*
n.a.
-
13
n.a.
-
18
*
*
*
*
-1
-30
52
19
n.a.
-
-
3
25
*
80
*
*
-2
54
37
-1
-
174
290
41
228
38
-30
204
-139
5
49
4
-141
7
*
*
1
*
*
*
1
-5
*
145
8
3
1
-43
-
-1
*
*
-7
-13
*
3
-
*
*
-5
_
1
*
_
_
*
*
*
*
*
-4
*
-84
-
4
1
-24
-
145
-4
-1
*
2
-
*
*
_
_
.
*
7
*
3
-
-1
*
*
-
Other Latin America.............
n.a.
*
*
_
n.a.
*
*
n.a.
n.a.
81
5
*
*
*
*
*
20
1
*
*
*
*
*
*
78
*
Total Latin America.............
86
101
112
-18
-93
-18
142
10
2
-21
Asia:
China, People’s Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong.......................
India............................
Indonesia.......................
Israel...........................
Japan............................
Korea............................
*
*
*
10
*
-1
-583
-10
*
n.a.
n.a.
-21
594
—
77
*
-1
*
_
5
_
-1
*
_
-1
*
_
_
*
*
*
_
_
119
*
_
_
_
100
_
41
_
*
n.a.
n.a.
_
-506
*
_
*
-2
_
_
*
100
-10
-1
_
_
-1,054
n.a.
n.a.
n.a.
*
n.a.
n.a.
_
*
60
*
-227
*
n.a.
n.a.
31
—
*
-5
5
124
-5
n.a.
200
1,797
-
3,887
*
759
-
-854
1,660
3,954
1,007
France...........................
Germany.........................
Italy............................
Netherlands.....................
Spain............................
Sweden...........................
Switzerland.....................
Turkey..........................
United Kingdom..................
Yugoslavia......................
Other Western Europe............
Poland..........................
U.S.S.R.........................
Other Eastern Europe............
9
-1
-19
14
25
_
-2
80
*
*
-2
63
27
-20
-
*
-50
24
29
-
-AO
9
-10
-19
-
9
-1
*
r~
LaiiS-America:
Argentina.......................
Bahamas.^ ......................
Brazil..........................
Chile............................
Colombia........................
Cuba............................
Ecuador.........................
Mexico..........................
Panama................ ...... .
Peru.... ....... ......... .......
Trinidad and Tobago.............
Venezuela.......................
Other Latin American Republics..
Bermuda.........................
British West Indies.............
Middle East oil-exporting
Total Asia......................
Africa:
Oil-exporting countries 2 / .....
_
_
30
100
_
*
n.a.
n.a.
228
_
20
40
—
78
315
-
98
-
630
*
140
*
254
-
505
-
668
256
142
374
314
693
_
_
_
_
_
_
-37
-150
*
_
_
n.a.
n.a.
n.a.
*
*
_
221
*
-187
*
10
170
221
-187
10
*
*
*
*
n.a.
*
*
n.a.
-5
*
*
170
*
-6
-25
_
_
Other countries:
*•
*
_
_
_
n.a.
n.a.
*
146
_
_
_
_
_
_
-4
-
n.a.
n.a.
*
40
_
-21
_
_
-1
n.a.
n.a.
_
-7
4
7
-
*
*
_
*
-16
*
_
_
_
_
n.a.
n.a.
*
_
69
_
*
*
11
_
-
11
*
-37
-150
-
_
_
*
_
*
*
_
-
_
-
_
_
_
30
31
—
-
_
-25
*
*
*
-
-
-
-
*
*
-573
1,814
5,393
981
925
283
383
428
249
732
96
5
-
225
-
2,584
-
1,043
-
380
_
768
_
-9
-
10
-
-14
-
250
_
56
-
274
119
-
736
_
*
-
150
_
-44
-
-
5
-
101
180
2,702
1,034
390
736
193
307
261
773
-472
1,995
8,096
2,015
1,315
1,019
576
735
510
1,505
International and regional;
European regional............. .
Latin American regional.......
Asian regional.................
African regional...............
Total International and regional
Grand total......................
1/
1/
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
2/
Includes Algeria, Gabon, Libya, and Nigeria,
p
Preliminary.
*
Less than $500,000.
n.a. Not available.
43
118
Treasury Bulletin
CAPITAL MOVEMENTS
Section
V
- Transactions
Reported
Table
CM-V-4.
Estimated
by
Banks
in
Long-Term
and
Brokers
in
Securities b y
the
United
Foreign H o l d i n g s of M a r k e t a b l e T r e a s u r y
(Position at end of period in millions of dollars)
Calendar year
Foreigners
States
B o n d s
and
Notes
by
Country
1976
1977
Country
1974
*
10
*
1
*
Austria.............
Belgium-Iuxembourg....
Denmark.............
Finland.............
France..............
Germany.............
Greece..............
Italy...............
Netherlands.........
Norway...............
Portugal.............
Spain.............. .
Sweden.............
Switzerland.........
Turkey.............
United Kingdom......
Yugoslavia..........
Other Western Europe.
.
Sept.
1976
1
251
30
*
*
13
*
18
*
215
*
*
16
48
*
1
275
55
*
493
363
*
14
1
36
45
764
*
*
288
49
*
1
191
261
*
485
76
n.a.
83
n.a.
198
n.a.
9
*
*
6
9
*
Poland 1/............ .
1975
Nov.
Oct.
*
9
1
18
78
518
*
*
282
49
*
1
240
268
*
396
*
13
1
25
83
534
*
*
283
49
*
1
165
n.a.
Dec.
267
*
*
14
1
17
85
746
*
*
288
49
*
1
192
291
*
*
14
1
36
45
764
*
*
288
49
*
1
191
261
*
403
433
165
n.a.
178
n.a.
242
Feb.
14
1
18
55
764
14
1
18
58
789
367
49
*
1
188
324
485
287
49
*
1
191
271
*
476
198
n.a.
179
n.a.
178
n.a.
U.S.S.R............
Other Eastern Europe.
5
4
4
4
4
4
4
Total Europe........
885
1,085
2,330
2,024
2,064
2,293
2,330
2,300
2,504
713
395
256
386
390
250
256
256
261
*
4
*
*
*
*
*
4
*
*
*
*
5
*
*
*
*
5
*
*
*
*
5
*
*
*
Latin America:
Argentina...............
Bahamas.................
Brazil..................
Chilp...................
Colombia,.............. .
Cuba....................
Ecuador 1 / ..............
Mexico..................
Panama..................
Peru....................
Trinidad and Tobago 1 / >
Uruguay.................
Venezuela...............
.
.
s
•
Netherlands Antilles £/.,
Other Latin America....
Total Latin America....
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
Hong Kong...................
India.......................
Indonesia...................
Israel......................
Japan.......................
Korea.....................
Lebanon 1 /................. .
Malaysia 1/ .................
Pakistan 1 /.................
Philippines.................
Singapore 1/................
Syria 1 /....................
Thailand.....................
Other Asia..................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
20
*
*
n.a.
*
21
*
*
n.a.
*
n.a.
*
4
5
n.a.
n.a.
138
11
4
9
n.a.
n.a.
113
12
21
*
*
n.a.
*
149
12
n.a.
n.a.
118
11
n.a.
*
4
3
n.a.
n.a.
161
6
21
*
*
n.a.
*
149
4
n.a.
n.a.
115
11
20
4
3
n.a.
n.a.
83
6
21
*
*
n.a.
*
149
12
n.a.
n.a.
118
11
20
n.a.
_
20
1
*
n.a.
*
149
5
n.a.
n.a.
125
15
149
5
n.a.
n.a.
121
2
100
200
312
178
160
302
312
315
294
*
*
*
61
-
*
*
*
*
74
*
73
*
*
*
71
*
70
70
*
*
*
76
-
*
*
1
*
3,498
2
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
208
*
3,271
2
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
*
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
*
3,052
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
20
5,392
*
3,093
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
98
5,531
*
2,587
2
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,200
*
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
6,486
2,682
*
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
6,771
2,806
*
n.a.
n.a.
n.a.
39
n.a.
n.a.
78
7,345
3,709
5,370
9,323
8,552
8,808
8,950
9,323
9,637
10,330
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
152
*
*
322
*
*
*
*
532
*
*
532
*
*
*
*
543
543
543
507
357
151
321
543
531
531
543
543
506
356
*
-
*
*
*
*
*
*
*
*
*
*
*
*
_
Total Asia.
Africa:
Egypt..........
Ghana 1 / .....
Liberia 1 /____
Morocco.......
South Africa...
Zaire.........
Other Africa..,
Total Africa..,
Other countries:
Australia.....
All other.....
4
*
*
•*
*
5
*
•*
*
71
•*
n.a.
n.a.
Total other countries....
*
*
*
*
*
*
*
Total foreign countries....
5,557
7,372
12,765
11,671
11,954
12,337
12,765
13,014
13,746
97
53
*
322
9
*
2,905
128
*
1,768
28
*
2,504
28
*
2,655
71
*
2,905
128
*
3,180
114
3,948
119
*
150
331
3,033
1,796
2,533
2,726
3,033
3,294
4,067
5,708
7,702
15,798
13,467
14,487
15,063
15,798
16,308
17,813
International and regional:
International .............
Latin American regional...,
Asian regional ............
Total international and regional
Grand total .
Note:
Data represent estimated
U.S. Treasury securities with
Data are based on a benchmark
monthly transactions report.
official and private holdings of marketable
an original maturity of more than one year.
survey as of January 31, 1971, and the
Country detail may not add to the area
.
1/
2j
p
*
totals or to Grand total.
Holdings included in respective "Other" geographical areas.
Through December 31, 1975, Surinam included with Netherlands Antilles,
Preliminary.
Less than $500,000.
n.a. Not available.
119
April 1977
_____________________ CAPITAL MOVEMENTS_____________________
Section
V
- Transactions
Reported
Table
CM-V-5.
by
- Net
Other
in L o n g - T e r m
Ba n k s
Foreign
and
Brokers
Securities
in
T r a n s a c t i o n s in
than Treasury
Bo n d s
and
(In millions of dollars: negative figures indicate net sales by fore
the
by
United
Long-Term
Notes,
by
Foreigners
States
Domestic
Bonds,
Country
m e rs on a net outflow of' capital from the Unitei5 States}
19111
1976
Calendar vear
-1---------Country
1974
1977
through
Feb. p
1976
1975
Europe:
U.S.S.R..".......................
6
-45
*
1
82
-6
*
-2
-24
-2
-10
39
-49
-3
-10
-29
2
*
2
5
158
*
-1
-15
6
*
96
28
*
-15
183
10
1
2
2
96
*
395
-48
n.a.
_
*
-3
-9
34
*
1
*
117
*
-52
-14
n.a.
*
23
*
-7
n.a.
*
741
113
91
45
128
96
Nov.
Oct.
Sept.
*
-2
*
*
-1
5
*
*
-5
*
*
*
-1
-2
*
*
■*
-2
*
*
5
Dec.
Jan. p
-1
1
*
*
7
1
-4
1
-20
*
*
*
1
13
54
*
n.a.
-
*
1
*
*
-5
-2
*
-1
2
*
*
*
-11
15,
*•
8
*
*
-
Feb. p
-1
-1
*
*
-1
*
*
*
-8
2
*
-2
*
30
*
-1
-11
47
*
232
*
*
*
-1
-3
*
-9
-1
*
*
-2
*
*
*
*
*
-7
*
7
*
n.a.
-
-7
n.a.
-
-
“
3
3
*
*
1
-1
-3
*
15
*
n.a.
-
288
-16
-10
24
53
8
281
18
-1
16
7
11
55
*
-1
*
•*
*
*
*
*
*
*
*
-1
5
*
1
1
2
*
*
1
2
*
*
*
1
1
*
1
-2
*
*
2
23
*
..66..
4
*
-3
4
*
-1
-2
29
*
-1
*
32
225
*
*
*
Latin America:
1
1
*■
*
*
*
-1
9
*
2
-6
9
*
*
*
1
11
20
*
n.a.
2
*
-
-
*
-
1
2
1
n.a.
2
10
2
-1
2
3
*
1
*
*
1
*
*
*
1
2
*
n *26
2
-3
*
34
*
3
-4
-1
5
2
-7
4
*
19
1
-1
-3
*
6
*
» .
94“
4
5
29
6
*
*
*
-15
*
*
n.a.
n.a.
*
*
*
*
_
*
6
*
*
n.a.
n.a.
*
*
1
*
_
*
-32
*
*
1
*
*
1
-9
*
*
*
*
*
2
1
*
-1
-2
*
n.a.
5
6
*
Trinidad and Tobago .............
Venezuela.......................
Other Latin American Republics..
Bermuda.........................
British West Indies.............
Other Latin America.............
,
Total Latin America.............
AsiaChina, People's Republic of
(China Mainland)............... !
China, Republic of (Taiwan)....
India............................
Indonesia.......................
Japan............................ ,
Korea............................
Lebanon.... ~... 777771 ...... .7...
Malaysia........................
Pakistan........................
Philippines.....................
Singapore.......................
Syria............................
.................
Thailand...
Middle East oil-exporting
countries 2 / ..................
Other Asia .................. ....
Africa:
Egypt............................
Ghana............................
Liberia..... ........ ...........
Morocco..........................
South Africa....................
Zaire............................
Oil-exporting countries 2 / .....
Other Africa....................
Total Africa....................
Other countries:
Australia.......................
All other.......................
4r~
3
5
*
*
*
*
3
15
1
*
2
*
*
*
-137
*
1
n.a.
n.a.
*
3
1
*
1
*
*
*•
1
1
*
*
5
-3
*
-3
3
*
*
-
-
*
1
-4
-1
1
2
-7
2
*
*
5
-1
*
27
-5
8
-3
*
_
*
n.a.
n.a.
*
-6
*
*
*
*
*
*
-30
*
*
n.a.
n.a.
*
-15
-
*
*
*
*
*
1
*
*
*
*
*
1
*
1
-10
*
*
*
*•
*
-3
1
5
1
-4
*
-l
4
*
*
1
-264
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
13
*
*
*
-48
_
*
n.a.
n.a.
*
*
*
n.a.
892
1,553
*
1,179
*
52
*
18
-
156
*
74
*
-21
*
59
*
-7
-
632
1,518
1,014
44
3
159
66
-65
60
-15
*
n.a.
n.a.
*
*
n.a.
*
*
*
n.a.
*
*
*
5
5
1
n.a.
*
*
*
-26
-25
*
*
*
*
*
*
n.a.
*
*
*
-19
n.a.
_
_
-2
” -2
n.a.
*
_
-2
....-2 " ’
1
n.a.
*
-15
.. '-14' "
*
*
*
*
*
*
_
*
*
*
10
*
1
*
-21
*
*
*
*
*
*
*
- W ..
_
*
*
*
*
*
-2
*
Total other countries...........
10
1
-21
*
*
*
*
-2
*
*
Total foreign countries...........
1,472
1,795
1,248
402
-9
174
110
6
73
329
International...................
European regional...............
Asian regional..................
Latin American Regional........
-497
-1,030
5
-15
_
6
_
135
_
-129
_
-9
1
-46
10
-10
-71
15
-17
_
_
-6
14
-
-
Total international and regional
-483
-1,029
-41
-5
-4
64
-115
989
766
1,207
398
-13
238
-4
International and regional:
Grand total.......................
1/
2J
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
2/
p
-
10
-
-
3
4
-9
10
78
320
United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
* Less than $500,000.
n.a. Not available.
Treasury Bulletin
120
.CAPITAL MOVEMENTS.
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
( In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Europe:
Austria..............
Belgium-Luxembourg...
Denmark..............
Finland..............
France...............
Germany..............
Greece...............
Italy................
Netherlands..........
Norway...............
Portugal.............
Spain................
Sweden...............
Switzerland..........
Turkey...............
United Kingdom......
Yugoslavia...........
Other Western Europe.
Poland...............
1974
1975
-1
59
-5
*
203
39
7
-3
330
-10
3
-3
-1
36
-3
-377
*
8
11
84
5
-1
262
251
10
*
1976
359
4
-2
13
2
899
*
594
*
-1
n.a.
2
-40
-2
1
256
68
3
-4
-199
-8
-8
9
*
-100
1
340
*
16
n.a.
2,491
336
361
324
'
1977
through
Feb. p
1976
1977
|
Sept.
1
10
-20
1
*
-2
*
17
—6
*
23
-6
-5
2
-26
-3
19
1
*
3
*
62
Feb. p
-2
-7
-1
5
-12
-16
2
-1
-37
-14
*
2
1
-95
-25
-13
2
4
1
-1
37
24
*
-3
-29
-3
-35
-4
-44
3
*
-7
*
-3
-1
1
-55
*
29
*
-1
n.a.
-5
84
*
-1
n.a.
2
n.a.
3
n.a.
-60
-251
-118
-1
2
-1
*
27
1
1
-1
24
-10
-7
*
-3
-5
1
*
39
3
1
23
*
36
130
47
-1
39
U.S.S.H..............
Other Eastern Europe.
Total Europe.........
281
Canada.........
Latin America:
Argentina....
B ahamas.....
Brazil......
Chile.......
Colombia....
Cuba..
...
Ecuado r .....
Mexico..............
Panama..............
Peru...............
Trinidad and Tobago.
Uruguay.........................
Venezuela......................
Other Latin American Republics.
n.a.
17
5
*
n.a.
2
3
*
Bermuda.........................
British West Indies_..........
Netherlands Antilles 1/7. .....
Other Latin America............
n.a.
n.a.
-13
-2
Total Latin America............
-33
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan).
Hong Kong...................
India.......................
Indonesia...................
Israel......................
Japan........................
Korea.......................
Lebanon.....................
Malaysia.................... .
Pakistan.................... .
Philippines................. .
Singapore................... .
S y r i a . _ . ............. .
Thailand..... ..............
Middle East oil-exporting
countries 2 / ..............
Other Asia .................
Total A s i a .................
Africa:
Egypt........................
(rhflnfl.................
Liberia................
Morocco............. “ *****‘]
South Africa............... \ t
Zaire............
18
37
-45
-25
-2
-45
-1
n.a.
n.a.
n.a.
*
n.a.
n.a.
n.a.
361
15
2
2
-1
-18
-22
-1
1
87
2
22
*
13
n.a.
n.a.
2
6
1,640
10
— 7§2"
1
35
-4
1
*
-1
16
-1
1/
2J
2
-1
1
2
*
75
-15
45
-1
1
11
155
18
5
54
*
7
-3
67
*
-2
n.a.
n.a.
2
-4
1,803
-7
1,922
5
- 2r
-1
4
1
-7
-4
-14
10
26
1
n.a.
n.a.
29
*
-1
n.a.
n.a.
-2
-1
5
2
18
-1
2
12
25
14
-1
-11
-2
-1
n.a.
n.a.
n.a.
n.a.
45
-19
-5
60
*
150
___ 2
126
64
*
115
*
154
~TT
tst
100
2
“146
50
33
-3
-3
Total other countries...........
___ 3_
Total foreign countries...........
127“
Total International and regional
2
-18
n.a.
n.a.
Other countries;
Australia.....
All other.....
Grand total..............
30
1
-1
Oil-exporting countries 2/.,
Other Africa................
Total Africa...............
International and regionalInternational...................
European regional...........!.. *
Asian regional..................
African regional................
Latin American regional.........
60
13
15
1
-3
-2
4,651
2,740
18
13
13
18
13
540
4,669
2,753
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
-14
-3
415
415
1/
p
-99
-50
281
290
125
-95
-49
274
288
127
Includes Algeria, Gabon, Libya, and Nigeria,
Preliminary.
* Less than $500,000.
r
Revised. n.a. Not available.
121
April 1977
•CAPITAL MOVEMENTSSection V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-7. - Net Foreign Transaction in Long-Term Foreign Bonds by Country
“
Country
1974
Europe:
A u s t r i a ..........................
B e l g i u m -Luxembourg..............
D e n m a r k ..........................
F i n l a n d ..........................
F r a n c e ............................
G e r m a n y ......................... .
G r e e c e ............................
Ita l y ............................ .
N e t h e r l a n d s ..................... .
N o r w a y ............................
P o r t u g a l ........................
S p a i n ............................ .
S w e d e n ............................
S w i t z e r l a n d ..................... .
T u r k e y ............................
United K i n g d o m ................. .
Y u g o s l a v i a ...................... .
O ther W e s t e r n E u r o p e .......... .
Po] a n d ....... ....................
U . S . S . R ......................... .
Other Eastern E u r o p e .......... .
1976
1975
1977
1976
Calendar year
1
1 977
i
I
through
Feb.p
Sept.
Dec.
Nov.
Oct.
*
-52
-47
-1
*
-36
*
-2
-9
5
-7
-38
-2
*
16
6
1
-179
33
*
-15
10
-56
-533
-16
*
-11
1
-5
-13
9
*
6
1
*
-8
2
*
-1
-1
*
-101
-1
*
-6
- 10
*
*
-15
-5
2
-55
-1 1 9
-8
*
*
11
-25
28
13
-32
-5
13
-7
2
1
-1
-1
-199
2
-149
*
-2
1
*
*
4
6
-1 9 8
3
2
1
196
*
548
*
1
-49
98
*
1
*
-7
*
24
*
-107
30
-1 0 0
—
7
—
-15
-12
-3
1
n.a.
n.a.
n.a.
-
Feb.p
*
-2
-5
-1
-2
2
3
*-
-6
2
1
*
-3
-15
5
1
1
3
-150
*
-3
-1
1
-1
*
-48
69
_
35
*
63
-22
—
*
29
—
*
14
—
*
n.a.
n.a.
-
_
7
-5
¥■
-4
*
*
*
-9
*
1
1
-1
*
1
42
_
34
*
-29
—
*
24
—
*
-45
—
n.a.
-1
1
Jan.p
12
-9
_
1
*
*
*
-
n.a.
_
*
*
-
-
-
-
Total E u r o p e .....................
-191
-1 0 6
-440
-105
-102
-8
-14
-116
14
-119
Ca n a d a ............................. .
-1,526
-3,102
-5,115
-504
-346
-305
-22
-656
-269
-235
1
-115
-3
1
1
*
n.a.
8
*
3
-72
*
-4
-56
-12
1
-3
*
*
*
*
6
*
*
1
8
8
■*
*
2
-2
3
3
1
*
n.a.
-117
1
3
1
-10
5
*
*
*
*
3
1
n.a.
- 177
-3
6
2
-1
10
1
2
*
i
n.a.
-10
'
1
*
_
n.a.
5
1
*
_
n.a.
-48
1
*
n.a.
-2
2
*
n.a.
*
4
n.a.
1
30
n.a.
n.a.
*
1
n.a.
*
1
-1
n.a.
n.a.
22
n.a.
n.a.
3
n.a.
n.a.
-7
4
6
n.a.
n.a.
66
-15
-
'n.a.
*
4
-1
n.a.
n.a.
2
22
-1 0 4
-151
-3
62
-3 8
1
*
*
-9
14
2
*
-1
22
*
*
-332
2
*
-375
-283
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
1
-3 6 4
Latin A m e r i c a ;
A r g e n t i n a ....................... .
B a h a m a s .......................... .
B r a z i l ............................
C h i l p ............................ .
C o l o m b i a * . . .....................
C u b a .............................
E c u a d o r ..........................
M e x i c o ..................... ,....,
P a n a m a ............................
P e r u ............................. .
Trini d a d and T o b a g o .............
U r u g u a y ...........................
V e n e z u e l a ....................... .
O th e r Latin A m e r i c a n Republics,
British*test *indies !!!!!!!!!*.!!
Netherlands Antilles 1/.
O t her Latin A m e r i c a .....
Total L atin America.
1
1
5
*
*
4
1
2
-
*
8
*
*
6
1
*
n.a.
*
2
*
*
2
2
*
1
4
n.a.
n.a.
*
-2
11
*
3
16
*
-4
8
6
n.a.
n.a.
1
7
-2
-
3
13
16
14
-26
37
23
39
1
6
*
-1
2
_
*
*
*
2
_
*
*
_
_
*
2
_
_
1
*
1
5
-
-95
-72
1
7
-22
-
n.a.
n.a.
n.a.
-1
n.a.
n.a.
*
16
-24
5
n.a.
n.a.
n.a.
*
4
21
- 11
-8
n.a.
n.a.
n.a.
-1
n.a.
n.a.
*
5
-8
*
-
n.a.
n.a.
n.a.
2
n.a.
n.a.
2
25
- 182
-282
n.a.
n.a.
n.a.
-348
n.a.
n.a.
10
71
-622
- 711
-149
-14
8
14
1
*
2
■*
3
1
26
1
•*
3§
43
76
Asia:
China, People's Republic of
(China M a i n l a n d ) ............
China, Republic o f (Taiwan).
Hong K o n g .....................
I nd i a ..........................
I n donesia.....................
Is r a e l ........................
J a p a n ..........................
K o r e a .........................
L e b a n o n .......................
M a l a y s i a ......................
P a k i s t a n ......................
Phili p p i n e s ....................
S i n g a p o r e ......................
S y r i a ...........................
T h a i l a n d .......................
Other A s i a .....................
T otal Asia.
Africa:
E g y p t ......... ,
G h a n a ......... .
L i b e r i a ........
M o r o c c o ........
S o u t h A f r i c a . ..
Z a i r e ..........
O th e r A f r i c a . ..
_
Total other c o u n t r i e s........
Total foreign c o u n t r i e s ........
2
4
19
-10
-39
-98
-51
_
*
-3
_
*
_
n.a.
n.a.
n.a.
-
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
-
n.a.
*
*
-
n.a.
*
n.a.
*
*
*
n.a.
*
*
n.a.
*
*
n.a.
*
-
•*
1
-13
-
_
*
-69
-8
*
5
-9
_
_
-
5
4
34
1
*
*
1
*
*
*
5
4
36
1
*
*
*
2
*
1
14
8
- 162
7
-430
19
12
-1
1
2
2
8
-199
3
2
1
10
-2
1
*
21
- 155
-411
10
3
10
- 197
3
9
1
-2 8 0
-268
-769
-320
-3 6 4
5
-
Total A f r i c a . ..
O t h e r countriesA u s t r a l i a ......
All o t h e r ......
-26
-64
*
n.a.
n.a.
*
6
-33
-1 4
n.a
n.a.
n.a.
4
n.a.
n.a.
*
4
-2,158
-4,132
-6,645
-6 8 4
-444
1
*
International and retHnmni.
I nterna t i o n a l .................
Europ e a n r e g i o n a l ......... * * ]
L a t i n Am e r i c a n r e g i o n a l ......
A s i a n r e g i o n a l ............ j ’ * j
T o t a l international and regional
Grpnd total .........
1/
p
*
n.a.
39
-1,577
-911
296
17
13
9
-456
-9 8
-1
-
- 345
-201
-70
-590
-227
-175
1
-2
-
*
-1 0 0
*
-74
*
—
-
-146
5
-
-60
-2,193
-1,902
295
17
- 87
-132
-5 2 9
290
5
-2 , 2 1 8
-6,325
- 8 ,548
-389
-427
-368
-4 0 0
-1, 2 9 8
- 30
-359
T h r o u g h December 31, 1975, S u r i n a m included w i t h Netherlands Antilles,
Preliminary.
Less t h a n $500,000.
Not available.
I
-
291
*
-1
-
5
1
-1
-
Treasury Bulletin
122
fiAPTTAI. MnVEMBWTS
Section
V
- Transactions
Reported
Table
CM-V-8.
by
- Net
Banks
Foreign
in L o n g - T e r m
and
Brokers
Securities b y
in t h e
Transactions
in
United
Foreign
Foreigners
States
Stocks
by
Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1976
Calendar year
1977
J
Country
1974
*
Italy.................... .......
-4
*
*
-76
10
*
1
33
*
*
3
*
-19
*
-303
*
-1
n.a.
-
1975
1976
1
5
-1
-1
-24
29
*
-2
4
1
*
-1
-1
49
-7
*
n.a.
-
-1
-34
-10
*
1977
through
Feb. p
Oct.
Nov.
*
*
-3
*
*
*
-2
*
-2
6
*
22
1
*
*
-
-14
1
*
*
-15
*
*
*
*
-6
-4
*
n.a.
-
-3
*
*
-5
6
*
*
-5
-8
*
*
*
-2
-13
1
n.a.
-
*
-12
*
*
2
-3
*
"*119
18
1
18
-137
-8
*
-1
5
-41
*
-87
*
1
n.a.
-
-2
-88
*
*
*
-5
•*
Sept.
Dec.
*
-5
*
*
-1
3
*
*
-14
*
*
*
*
Jan. p
Feb. p
*
-5
*
1
-1
*
-2
-34
*
*
-6
*
1
-2
*
*
-54
*
*
*
*
*
*
*
-1
-18
*
n.a.
-
1
-8
*
n.a.
-
-1
7
*
-
-4
-8
*
-
-354
54
-395
-108
-42
-30
5
-24
-35
-73
18
-100
-14
-60
15
4
-5
13
-30
-30
Other Latin American Republics..
Bermuda.............. ...........
British West Indies...... ......
Netherlands Antilles "1/7........
Other Latin America............ .
*
-2
*
*
*
n.a.
4
5
*
n.a.
*
*
*
n.a.
n.a.
1
4
*
-2
-7
*
*
n.a.
2
1
*
n.a.
*
2
1
n.a.
n.a.
-158
6
*•
*
-1
*
*
n.a.
10
-1
*
n.a.
*
*
*
n.a.
n.a.
3
-8
*
*
*
*
*
1
*
*
*
1
*
2
*
1
-
*
*
_
_
n.a.
5
*
*
n.a.
*
*
*
n.a.
n.a.
*
*
*
*
*
*
n.a.
*
*
*
n.a.
*
*
*
n.a.
n.a.
*
-1
*
-2
-1
*
*
n.a.
*
*
n.a.
*
*
*
n.a.
n.a.
*
*
*
-1
-1
*
*
n.a.
*
*
n.a.
*
*
*
n.a.
n.a.
*
1
*
*
_
*
*
*
*
1
*
1
*
*
-
*
*
*
*
*
1
*
*
*
*
*
1
*
*
-
*
2
3
Canada........................ .....
Chile*............................
Colombia,........................
Trinidad and Tobago.............
Total Latin America.............
11
-156
3
5
4
-1
-2
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong.......................
Lidia....... ..............
Indonesia........................
Israel...... ....................
Japan..... ......................
Korea....... ....................
Lebanon.......................
Malaysia........................
Pakistan......................
Philippines....................
Singapore......................
Syria...........................
Thailand....................... .
Other Asia.......... ...........
-1
-1
*
*
3
512
n.a.
n.a.
n.a.
-9
n.a.
n.a.
*
2
*
*
*
*
*
3
-9
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
8
23
*
*
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
13
1
*
30
*
*
*
*
—
*
3
*
20
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
2
5
*
*
-6
n.a.
n.a.
n.a.
*
n.a.
n.a.
2
*
1
■*
2
*
-1
*
14
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
43
*
*
*
—
*
*
-13
*
*
*
*
—
*
4
-2
-1
-2
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
2
Total Asia..................... .
506
1
71
35
-2
25
1
15
45
-10
_
n.a.
n.a.
*
4
_
n.a.
n.a.
*
11
*
n.a.
n.a.
*
12
_
-1
_
_
n.a.
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
_
_
_
_
_
-1
*
*
*
*
*
-1
1
-2
-1
*
*
*
*
*
*
*
*
3
10
12
-1
*
*
*
*
-1
*
1
*
*
*
-5
*
*
*
-1
*
-1
-
*
-
*
-
*
-
*
*
4
Africa:
ffhflnfl................. ..........
Morocco..................... .
South Africa....................
Zaire.................... .......
Other Africa....................
Total Africa....................
Other countries:
Australia.......................
All other.......... ............
Total other countries...........
1
*
-5
*
-1
-1
*
-*
*
*
Total foreign countries...........
184
-191
-327
-128
-27
-2
-2
4
-19
-110
_
.
_
_
International and regional:
International.............
European regional...............
1
4
*
Asian regional................ .
*
_
_
Total international and regional
*
1
4
-
-
-
184
-189
-323
-128
-27
-2
Grand total.................. .
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
*
Less than $500,000.
p
Preliminary,
n.a. Not available.
_
_
_
-2
_
4
_
-19
_
-110
123
April 1977
.CAPITAL MOVEMENTS.
Section V
- Transactions
Reported
Table
CM-V-9.
by
by
- Foreign
T y p e
in L o n g - T e r m
Banks
and
and
Brokers
Purchases
and
in
Securities
by
the Uni t e d
Sales
Foreigners
States
of L o n g - T e r m
Country, D u r i n g F e b r u a r y
(In millions of dollars)
1977
Securities,
Preliminary
Gross purchases by foreigners
Gross salas -by foreigners
Domestic securities
Domestic securities
Country
Total
pur
chases
Market
able
Treasury
& Federal
Financing
Bank bonds
& notes
Bonds
of U.S.
securities
Corpora te &
other
Total
sales
corp. and
Federallysponsored
agencies
Bonds
Bonds
Stocks
Stocks
Market
able
Treasury
& Federal
Financing
Bank bonds
& notes
Bonds
Corporsite &
of U.S.
other
Go v ’t
corp. and
FederaUy,sponsored Bonds
Stocks
agencies,
securities
Bonds
Stocks
Europe.
_
_
_
*
2
_
_
*
6
-
*
-
43
*
“
*
_
_
*
_
_
•
*
_
_
335
716
357
52
1,581
224
19
67
669
477
125
2
70
163
98
31
565
22
1
14
133
333
62
*
_
*
_
_
*
16
5
*
*
*
*
_
*
1
22
*
*
*
_
*
*
*
*
*
*
-
-
1
7
*
*
*
*
15
*
-
1
4
*
*
*
_
-
1
1
_
*
*
-
-
_
*
*
_
_
28
25
•*
2
-
_
_
1
13
17
*
*
1
7
32
110
3
37
-
_
1
6
2
59
4
39
*
*
1
*
*
1
*
5
*
1
-
_
4
13
*
2
1
*
5
1
3
1
6
1
*
2
*
1
4
21
1
3
-
_
_
_
_
_
*
_
*
1
8
5
*
*
*
*
1
*
*
*
1
5
*
*
_
*
*
*
*
*
*
-
6
10
*
*
1
*
*
1
2
-
*
6
6
*
*
1
5
2
60
2
27
-
-
-
132
62
8
243
76
1
21
118
23
5
*
*
*
_
_
76
20
-
_
-
*
21
*
*
1
44
•*
2
_
21
171
13
_
_
21
*
*
_
*
2
_
*
*
*
44
39
-
*
-
-
3
-
_
_
*
1,920
428
32
391
27
2
21
6
*
*
Other Latin America............
1
20
20
1
2
3
9
35
115
5
48
*
Total Latin America............
287
55
*
30
*
1
35
*
*
_
*
*
_
_
200
15
_
1
*
_
*
4
853
90
*
676
_
_
1
2
_
_
_
*
22
1,277
981
*
*
1
*
1
*
*
_
_
_
*
Other Western Europe...........
*
-
43
-
4
58
1
1
79
63
2
5
45
3
*
6
1
272
*
172
*
24
-
Italy...........................
1
2
2
*
2
2
11
-
3
3
55
40
-
40
*
_
60
25
35
4
*
*
5
8
*
2
2
30
*
*
2
53
229
*
Germany.........................
*
1
6
*
*
8
4
*
2
2
*
*
1
1
25
17
*
*
47
80
3
62
139
136
3
14
138
35
1
8
4
486
*
722
*
*
80
*
*
*
57
91
-
3
15
2
1
18
26
1
8
7
2
*
1
1
94
180
1
3
*
_
10
2
*
*
5
*
*
*
4
26
*
39
86
1
64
162
110
3
17
118
154
1
5
54
318
*
404
*
31
1
60
22
10
*
*
*
*
3
50
1
*
89
70
2
8
50
2
*
4
1
249
*
136
*
2
*
4
21
*
9
-
4
33
20
7
4
151
*
1
49
31
152
*
9
4
*
*
60
*
*
*
8
34
*
-
-
Laito_Ajnerica-
Chile...........................
Trinidad and Tobago............
Venezuela......................
Other Latin American Republics.
British West Indies............
-
*
*
_
28
41
_
6
-
*
_
_
_
_
*
Asia:
China, People's Republic of
China, Republic of (Taiwan)....
Hong Kong ......................
India...........................
Africa
Egypt...........................
3
*
*
1
8
_
_
*
2
_
_
*
3
*
*
_
*
*
37
24
*
*
1
26
*
1
*
*
1
2
*
92
3
_
*
5
1
4
23
31
*
*
_
*
*
*
4
*
27
*
*
71
191
20
2
*
*
1
33
*
283
3
44
*
*
*
*
*
25
41
147
45
37
628
288
34
47
114
96
47
_
_
_
*
*
*
*
*
*
*
1
_
_
_
*
*
_
*
_
1
*
*
*
150
_
_
_
*
_
_
_
_
_
*
_
_
150
-
_
*
*
_
*
*
*
*
*
_
*
_
-
_
_
_
_
*
_
1
_
*
_
*
3
*
-
*
*
*
r ”
4
21
20
*
*
*
*
1
*
*
*
*
-
*
476
2
-
-
_
-
_
-
21
1
_
-
3
265
15
2
*
*
6
93
Other Asia.....................
-
.
-
1
1
_
*
-
_
_
152
150
-
*
1
21
*
20
-
*
*
20
-
*
781
55
*
1
3
*
42
*
3
_
69
11
_
*
*
10
-
-
1
1
1
1
*
*
3
2
*
22
1,161
566
130
3,191
_
-
839
1
_
-
814
_
-
5
_
-
4
_
-
_
-
16
1
-
3
_
*
Other countries.
2
*
1
*
*
1,035
930
239
Total other countries..........
25
20
*
Total foreign countries..........
3,903
1,512
58
1,605
1
5
_
-
1,582
European Regional..............
Latin American regional........
Asian regional.................
Total international and regional
1,611
1,587
-
-
2
22
-
840
814
5
4
-
17
5,514
3,099
58
476
1,162
588
130
...4.,030
1,594
61
154
1.035
947
International and regional:
* Less than $500,000.
-
5
_
-
-
-
-
150
— — .
-
-
-
~239~
224
Treasury Bulletin
________________________________________________________________ C A P I T A L
Section V
- Transactions
Reported
Table
by
Banks
M n V E M R W T S
in L o n g - T e r m
and
Brokers
_________________________________________________________
Securities b y
in
the
United
Foreigners
States
C M - V - 1 0 . - F o r e i g n P u r c h a s e s a n d S a l e s o f L o n g - T e r m Securities,
b y T y p e a n d Co u n t r y , D u r i n g C a l e n d a r Y e a r 1976
(In millions of dollars)
Gross purchases by foreigners
Foreign securities
Domestic securities
Country
Total
purchases
Marketable
Treasury
bonds and
notes
Gross sales by foreigners
Domestic securities
Marketable
Treasury
bonds and
notes
Total
Corporate and
other
Bands
Bonds
Stocks
9
84
1
40
162
140
1
32
73
5
*
33
816
27
5
1,423
1,281
52
134
714
48
6
86
29
4,318
2
2,073
*
Stocks
sales
Foreign securities
Corporate and
other
Bonds
Bonds
Stocks
Stocks
EjiTQpe:
Portugal.........................
Sweden...........................
Switzerland.....................
Turkey...........................
Poland...........................
Canada.............................
68
1,215
51
852
2,200
2,500
54
268
1,243
64
10
102
122
#
6
*
*
32
*
*
101
117
1
25
62
1
1
3
5
89
*
172
*
1
n.a.
-
116
1,328
55
899
2,504
1,932
53
301
1,341
275
16
89
197
5,269
1
4,862
*
54
n.a.
1
26
277
22
4
307
247
*
76
105
8
3
9
7
840
*
1,109
2
n.a.
*
*-
224
n.a.
*
5
785
154
166
*
5
18
1
*
*
149
126
*
477
167
n.a.
*
11
108
3
50
123
190
4
43
102
3
*
2
12
302
*
31
856
29
4
1,167
1,213
48
138
913
56
15
76
29
4,419
*
1,183
*
14
n.a.
-
1,733
*
38
n.a.
*
73
292
12
60
839
263
*
108
109
206
*
7
6
293
*
1,209
4
n.a.
*
1
66
11
*
220
99
*
7
198
8
*
3
*
130
-
2
5,159
*
345
n.a.
2
803
207
715
1
290
1
1
64
332
*
59 8
281
n.a.
*
4
18
460
*
1,206
7
n.a.
*
20,297
3,299
2,243
11,103
3,042
610
19,461
2,054
2,152
10,767
3,483
' 4,0f&
308
347
2,241
555
637
8,935
447
251
1,916
5,670
*
2
*
*
1
1
*
145
151
25
3
197
•*
4
19
9
*
1
*
1
19
181
*
*
17
96
2
2
5
*
7
112
74
2
*
9
79
17
543
33
437
1
1
8
*
*
*
_
n.a.
13
3
*
n.a.
1
1
1
n.a.
n.a.
7
14
32
229
56
2
6
*
6
244
263
2
*
11
82
172
502
51
709
51
*
1
*
*
_
*
6
*
142
22
1
*
2
24
*
*
*
*
*
8
162
*
*
*
8
9
12
2
62
*
17
94
3
2
5
*
3
8
11
26
3
96
*
8
46
40
3
2
_
n.a.
38
16
3
n.a.
2
45
25
n.a.
n.a.
54
104
5
77
77
1
*
30
63
18
468
48
391
1
12
102
52
*
*
*
n.a.
155
15
1
n.a.
1
10
2
n.a.
n.a.
11
28
n.a.
3
4
*
n.a.
1
1
1
n.a.
n.a.
4
22
524
382
1,437
386
49
2,418
412
289
1,282
389
46
_
_
*
*
n.a.
n.a.
n.a.
32
n.a.
n.a.
10
148
3
506
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
*
22
9
357
3
1
263
2,702
51
36
n.a.
n.a.
498
486
2
32
1,943
_
*
27
_
_
_
*
47
2
*
50
135
1
1,135
51
n.a.
n.a.
108
419
31
615
1
8
*
*
1
171
*
*
n.a.
n.a.
*
38
*
793
*
6
286
1
1
23
510
1
35
n.a.
n.a.
8
29
2
1
450
76
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
8
2,386
1,012
1,352
1,136
496
n.a.
*
*
_
*
*
n.a.
1
2
*
5
n.a.
n.a.
*
*
*
n.a.
n.a.
_
6,040
259
*
n.a.
1,005
"
&x
Latin America:
Chile............................
Other Latin American Republics..
British West Indies.............
Netherlands Antilles...........’
Other Latin America.............
Total Latin America.............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan)....
Hong Kong.......................
Lidia............................
Indonesia.......................
29
171
52
5
8
*
8
184
274
5
*
15
279
204
595
39
790
119
2,778
240
*
8
1
*
*
*
_
_
13
468
2
8
74
1,803
41
34
n.a.
n.a.
130
1,044
2
120
8,890
*
37
*
_
*•
552
41
n.a.
n.a.
87
1,013
108
4,502
1
10
*
*
1
34
*
1
n.a.
n.a.
*
6
*
1,972
•*
11
340
1
8
20
577
1
33
n.a.
n.a.
9
25
2
1
2,246
12,631
6,340
2,026
3,273
425
567
6,382
3
2
n.a.
1
74
*
425
1
*
n.a.
_
*
*
276
n.a.
*
*
_
2
n.a.
n.a.
*
5
_
*
n.a.
n.a.
*
66
_
5
*
n.a.
1
56
*
24
*
2
n.a.
*
3
*
80
44
1
191
55
50
75
10
1
Total Africa....................
505
277
25
86
50
67
253
55
50
79
15
55
Other countries:
Australia.......................
All other.......................
53
24
*
*
1
*
31
5
21
19
1
*
512
7
*
-
22
*
33
7
450
*
6
*
Total other countries...........
78
*
1
36
40
1
519
*
22
40
451
6
Total foreign countries...........
40,377
10,747
5,024
18,176
4,498
1,932
37,968
5,354
3,776
15,436
11,143
2,259
International and regional:
International...................
European regional...............
Latin American regional.........
Asian regional..................
African regional................
15,417
3
438
14,567
_
384
_
409
3
22
379
38
167
*
-
-
-
1,320
593
249
175
1
_
177
-
13,722
593
592
175
11,984
_
121
51
_
_
5
295
_
-
Total international and regional
15,858
14,863
505
51
434
5
15,082
12,160
546
39
2,336
1
56,234
25,610
5,529
18,227
4,932
1,937
53,050
17,514
4,322
15,475
13,479
2,259
Japan............................
Korea............................
Lebanon..........................
Malaysia.........................
Pakistan.........................
Philippines.....................
Singapore........................
Africa:
Egypt............................
(Thflnfl...........
Liberia.........................
Morocco..........................
South Africa....................
Zaire............................
Other Africa....................
Grand total......................
* Less than $500,000.
n.a. Not available.
-
_
-
-
_
-
35
*
_
_
_
-
*
n.a.
..
*
*
_
2
26
2
*
233
417
_
n.a.
n.a.
n.a.
381
n.a.
n.a.
*
12
*
*
5
469
_
54
_
_
_
125
April 1977
______________________CAPITAL M OVEMENTS______________________
Section
Table
V I
- Foreign
CM-VI-1.
Credit
- Foreign
and
Credit
Debit
Balances
Balances
( D u e
to
in
Brokerage
Foreigners)
Accounts
b y
Country
(Position at end of period in milli o n s of dollars)
C alendar year
1976
1975
Country
1971
June
Sept.
*
*
13
*
*
14
*
*
1
10
•*
*
1972
1973
1
21
*
*
*
*
14
*
*
10
*
*
13
*
*
19
15
*
47
22
•*
29
23
1
24
10
2
*
13
8
1
•*
29
29
1
11
7
1
*
27
26
1
10
10
1
*
20
16
1
12
4
1
7
1
92
*
8
1
73
*
5
1
90
*
43
*
57
*
1
_
*
Mar.
1974
'
Dec.
Mar.
p
Europe:
*
Ita l y ..............................
T u r k e y .............................
C a n a d a ...............................
"
9
1
*
13
10
2
*
*
*
10
*
*
14
1
*
3
10
7
2
*
17
17
1
12
10
2
*
26
26
1
11
25
2
*
7
*
9
1
9
1
118
*
28
22
9
1
78
*
99
*
8
1
105
*
86
*
89
*
57
*
54
*
35
*
38
*
37
*
41
*
1
1
*
1
*
1
_
*
1
_
*
-
1
_
*
28
*
1
_
*
193
281
242
213
236
249
213
1 97
279
56
34
28
24
31
27
23
16
29
1
19
1
*
*
*
3
9
*
*
*
*
1
10
•*
*
*
*
1
1
2
*
*
1
2
*
3
*
*
•*
*
1
3
2
*
1
*
3
*
*
*
*
1
2
2
*
*
*
1
4
*
*
4
2
*
2
3
*
*
3
2
*
*
4
2
*
1
2
3
10
*
3
3
*
1
1
5
2
*
*
5
1
*
*
4
2
*
*
3
1
12
*
3
1
15
7
3
1
28
6
4
1
27
11
4
1
42
18
4
1
60
5
1
36
3
64
23
43
36
42
49
55
76
80
117
68
*
_
*
*
*
_
-
_
_
*
*
*
*
_
*
*
9
*
*
12
*
*
13
*
*
13
*
*
15
*
*
18
*
*
17
*
*
22
*
*
1
1
1
*
*
*
1
*
*
1
2
*
1
1
1
*
1
*
1
*
1
1
*
1
*
20
*
*
1
2
*
5
*
2
*
2
*
Latin, Amerjqa.:
C h i l * ..............................
O th e r Latin A m e r i c a n Republics..
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic o f (Taiwan) .....
I n d i a ..............................
1
1
*
1
*•
4
*
1
*
4
*
1
*
1
*
7
3
*
1
7
2
18
4
3
4
2
5
3
4
4
4
17
20
19
17
24
27
25
33
30
*
*
*
*
1
*
*
*
*
*
*
*
*
*
*
*
*
1
*
*
*
*
2
*
*
*
•*
*
*
*
*
•*
1
*
1
1
1
2
2
1
1
*
*
*
*
*
*
*
1
*
*
*
Africa:
M o r o c c o ............................
S o u t h A f r i c a ......................
Z a i r e ..............................
*
*
*
*
1
*
*
•*
*
1
1
1
4
1
*
1
*
1
*
3
Ot h e r countries:
All o t h e r ..........................
Total o ther c o u n t r i e s ............
1
=======
•*
372
1
1
1
1
1
1
333
306
349
380
343
364
1
410
ai^d r e ^ o n a ^ ........
-
-
-
*
-
-
-
-
...1
G rand t o t a l ..........................
311
372
333
306
349
380
343
364
411
^eraatiQn^
Note:
T h e r eporting f o r m covering this d ata series w as discontinued w i t h
the M a r c h
1976 report.
D a t a represent the m o n e y credit balances (due
to foreigners), t hat appeared o n the books of repo r t i n g brokers and dealers
in the U n i t e d States, i n accounts of foreigners w i t h them, and i n their
1/
g/
p
accounts carried b y foreigners.
T h r o u g h Decem b e r 31, 1972, Bermuda inclu ded w i t h Bahamas,
T h r o u g h De c e m b e r 31, 1975, S u r i n a m included w i t h Netherlands Antilles,
Preliminary.
*
Less t han $500,000.
126
Treasury Bulletin
_____________________________________ C A P I T A L
Section
T a b l e
V I
- Foreign
CM-VI-2.
Credit
- Foreign
a n d
Debit
M O V E M E N T S . ________________________________________________________________________
Debit
Balances
Balances
( D u e
in
f r o m
Brokerage
Foreigners)
Accounts
b y
Co u n t r y
(Position at end of period in millions of dollars)
Calendar year
1975
1976
Country
1971
1972
1973
1974
Mar.
June
Sept.
Dec.
Mar. p
Europe:
*
*
*
*
¥
*
*
*
11
*
*
4
*
-
5
*
*
8
■*
*
9
*
*
6
•*
*
14
*
-
18
21
12
23
1
9
12
*
*
5
1
42
*
31
1
15
17
1
1
6
1
57
*
16
22
1
7
8
*
*
13
1
*
20
5
1
35
*
5
*
21
*
37
*
53
*
1
*
19
-
29
1
-
26
1
-
-
-
-
155
235
129
54
39
30
1
21
1
*
*
*
3
15
1
■*
4
1
*
1
*
5
10
6
*
*
14
*
6
2
12
*
52
■*
6
*
*
S w i t z e r l a n d .......................
O t her W e s t e r n E u r o p e .............
13
13
1
5
11
1
*
14
19
1
6
9
2
*
13
26
1
5
10
*
*
13
26
1
7
12
*
*
3
■*
3
1
3
*
22
*
3
1
35
*
41
*
46
*
28
*
44
*
27
•*
30
*
1
-
1
-
1
-
1
-
-
-
-
-
-
107
144
135
155
195
14
12
12
17
16
1
1
1
*
1
2
*
*
1
1
1
1
*
1
3
1
*
3
1
*
2
6
2
*
1
_
1
_
1
_
1
_
1
_
2
_
2
_
6
5
*
•*
6
3
*
*
5
4
*
*
7
7
*
*
7
3
*
*
8
5
*
*
4
*
*
4
1
6
5
3
1
32
2
3
1
37
2
4
1
11
8
3
2
38
2
4
2
42
22
4
2
17
16
55
34
50
56
42
58
92
60
*
*
*
*
*
*
59
*
*
29
•*
*
3
4
*
25
*
*
1
*
20
•*
*
1
*
40
*
*
*
20
*
*
31
•*
*
1
6
*
35
*
*
1
5
*
37
*
*
1
5
*
1
4
■*
*
34
1
5
13
1
■*
4
1
57
45
*
1
-
_ _
C a n a d a ...............................
L a tin America:
Bahamas 1 / ....... .................
Chil<*..............................
C o l o m b i a ...........................
C u b a ...............................
M e x i c o .............................
P a n a m a . ............................
P e r u ...............................
O th e r Latin A m e r i c a n Republics..
N etherlands Antilles 2 / ........ .’
O th e r L atin A m e r i c a ..............
Asia:
China, People's Republic of
(China M a i n l a n d ) ................
China, Republic o f (Taiwan) .....
Ind i a ..............................
I ndonesia..........................
Is r a e l .............................
J a p a n ..............................
K o r e a ......................... .
P h i l i ppines .......................
4
*
*
4
1
O t h e r A s i a .........................
4
3
5
*
*
1
5
Total A s i a ........................
53
73
E g y p t ..............................
M o r o c c o ............................
S o u t h A f r i c a ......................
Z a i r e ..............................
O t h e r A f r i c a ......................
*
*
*
*
*
*
1
*
T o tal A f r i c a ......................
1
•*
*
1
*
Africa:
0^her_.comtr.ieg:
A u s t r a l i a ......... ................
All o t h e r ..........................
-
1
1
1
*
4
*
*
*
3
*
1
9
*
1
*
1
*
1
•*
2
*
5
*
5
4
5
9
10
10
4
■*
11
36
27
30
50
51
56
59
*
*
1
*
*
•*
*
-
-
■*
-
1
*
*
1
*
1
12
*
■*
1
*
•*
1
■*
*
1
*
*
2
1
12
2
1
1
1
2
1
*
1
*
*
■*
1
*
*
*
1
*
1
*
*
•*
Total oth e r c o u n t r i e s ............
1
1
1
*
*
Tot a l f o reign c o u n t r i e s ............
314
405
2 31
193
209
*
1
*
.
*
1
1
258
319
333
-
-
-
-
-
-
-
-
314
405
231
193
209
249
258
319
T h e r e p orting f o r m covering this data series w as discontinued w i t h
1/
2/
p
*
1
1
3 ^ e r a a t i o n a l and r e g i o n a l .......
the M a r c h 1 976 report.
D a t a represent t he m o n e y debit balances (due
f r o m foreigners), that appeared o n t he b o oks of reporting b r okers and
dealers in t h e Un i t e d States, i n accounts of for eigners w i t h them, and
in the i r accounts carried b y foreigners.
1
*
249
G r a n d t o t a l ..........................
Note:
6
_
333
T h r o u g h December 31, 1972, Berm u d a included w i t h Bahamas.
T h r o u g h Decem b e r 31, 1975, S u r i n a m included w i t h Netherlands Antilles,
Preliminary,
Less th a n $500,000.
12 7
A p r il 1977
F O R E I G N
C U R R E N C Y
P O S I T I O N S
Background
the
D ata
have
been
collected
since
1974
on
the
instrument
involved.
"Spot"
means
due
for
receipt
or
foreign
delivery within two business days from the date o f the report.
currency
positions
of
banks
and
n o n b anking
firms
in
the
"Short-term" m eans matur i n g in o ne year o r less from the date
United
States,
owned
foreign
a nd o n
those o f
foreign branches,
majorityo f the report.
subsidiaries
partnerships,
of
United
and
States
m a jority-owned
banks
and
foreign
n o n banking
firms.
"Majority-owned
Repor ts
foreign
partnerships"
are
those
cover nine major foreign exchange market currencies
o rga n i z e d under the laws o f a foreign country in whi c h on e or
a nd
United
States
dollars held abroad.
R eporting has been
more
required
pursuant
to
Title
II
of
Public
Law
93-110,
nonba n k i n g
concerns
or
nonprofit
institutions
in
the
an
United
States,
directly
or
indirectly,
own
m ore
than
50
Amendment to the Par V alue Modification Act, o f September 21,
percent
1973,
and
implementing Treasury regulations.
profit
positions
will
be
published
mont h l y
in
the
foreign
are
foreign corporations in which o ne o r more
T r easury
nonba n k i n g
Bulletin,
"Majority-owned
Statistics on
subsidiaries"
the
interest.
business
concerns
or
nonprofit
institutions
beginning with data for December 1975.
located in the United S tates directly or indirectly o w n stock
i
w i t h more than 50 percent o f the total combined voting power
The report forms and instructions used in the collection
of
all
classes
of
stock
entitled
to
vote,
o r m ore
than 50
o f bank data w ere revised effective w ith reports as o f October
percent o f the total value o f all classes o f stock.
29, 1975, for the w e ekly reports, and as o f November 28, 1975
(the last business d ay o f the month), for the mon t h l y reports.
The
most
recent
revision
of
the
nonb a n k
Foreign
Currency
Reporting Threshold
forms (see below) became effective as o f the last business d ay
The
o f November 1976 for the monthly r eports o n n o n banking firms*
exemption
level
applicable
to
i nstitutions is $10 m i llion equivalent.
positions in the United States.
applicable
to
n o n banking
business
banks
and
banking
T he exemption level
concerns
an d
nonprofit
i nstitutions was $1 million equivalent o n all nonb a n k forms
Commo n Definitions and Concepts
f rom M ar c h 1975 through N o vember 1976, wh e n it w as raised to
The term "United States" means the States o f the United
States,
Rico,
the District o f Columbia,
American
Virgin
Samoa,
Islands,
the
the Commonwealth o f Puerto
Canal
Zone,
a nd W ake Island.
The
Mi d w a y
Island,
$2
mill i o n
equivalent
on
the
m o nthly
reports o f
positions
held in the United States.
the
Firms must report their entire foreign c urrency position
term "foreign" means
term
in a specified foreign currency if a specified United States
"Worldwide" is used to describe the sum o f "United States" and
dollar equivalent value is reached in a ny category o f assets,
locations
other
than
the
"United
States".
T he
liabilities,
"foreign" data.
position
D ata
for the United States include amounts reported by
sole proprietorships,
partnerships,
and corporations in the
exchange
contracts bought and sold, o r the net
in the currency.
In general,
exemption levels are
applied to the entire f irm in the United States and separately
to each foreign branch o r
non b a n k i n g
m a jority-owned foreign subsidiaries, United States banks and
firms*
positions",
a nd
subsidiaries
located
an d
institutions,
banking
in
the
the
case
of
agencies,
branches,
the United States o f
in
the
case
"nonbanking
of
and
foreign banks
the
weekly
and
nonba n k s
are
denominated
required
assets,
to
report
liabilities,
foreign
their
foreign
in
majority-owned
In reports o n
foreign
concerns,
branches,
subsidiary.
U nited S tates including the U.S. branches and subsidiaries o f
the
partnerships
United
exchange
and
States
dollar
contracts
bought
and sold, a nd n et positions o f those branches,
partnerships,
and subsidiaries wi t h reportable positions in the specified
m o n t h l y "bank positions".
foreign currencies.
Data for "foreign branches" and "abroad" include amounts
reported
by
the
m a jority-owned
branches,
n on b a n k i n g concerns.
the
positions
subsidiaries
accounts.
majority-owned
subsidiaries
of
of
United
In general,
foreign
located
abroad
partnerships
States
banking
and
D ata
these data do n ot reflect
parents
except
or
foreign
through
parents*
intercompany
The data include the foreign subsidiaries o f a few
foreign-owned U.S.
D escription o f Statistics
and
based corporations.
collected o n
first
Cur r e n c y forms
The
section presents a summary o f worldwide n et positions
in all o f
the currencies reported.
Sections II through IX
each present data o n a specified foreign currency.
presents
the United
liabilities, an d foreign exchange contract data
branches
and
are reported o n the basis o f time remaining to matur i t y as o f
required
to report
the date o f the report, regardless o f the origi n a l ma t u r i t y o f
currencies.
Assets,
the T reasury F o reign
are published in the Treas u r y B u lletin in ten sections.
States
dollar positions o f
subsidiaries o f
United States
in on e o r more o f
S e ction X
the
foreign
firms whi c h are
the specified foreign
128
Treasury Bulletin
^ _ FOREIGN CURRENCY P O S IT IO N S ^ ^ ^
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions 1/
(In m illions of f o reign curre n c y units)
Report date
Belgian
francs
(1)
Mar. 1 9 7 6 ..........................
June 1 9 7 6 ..........................
Canadian
dollars
French
francs
(2)
(3)
2,246
10,724
16,408
11,176
10,396
6,646
Table
FCP-I-2.
Ge rman
•markip
Italian
lira
Japanese
yen
Swiss
francs
(6)
(7)
Sterling
dollars
(4)
(5)
4,800
318,475
2 6 5,280
- 6 ,545
1,367
-7,862
5,823
336,852
270,775
-6,106
339
-7,3 4 7
Japanese
yen
Swiss
francs
British
pounds
U.S.
dollars
(6)
(7)
(8)
(9)
- W e e k l y
B a n k
(8)
2/
(9)
3/
Positions
(In millions of for e i g n curre n c y units)
Report date
Belgian
francs
Canadian
F r ench
dollars
francs
(1)
(2)
(3)
G e rman
marks
I talian
lira
(5)
(4)
1,095
-32,243
1,2 5 9
1,458
1,387
-7,516
-1,912
-5,089
15,267
17,212
16,909
20,973
1,245
1,340
1,9 3 0
1,747
1 ,750
-16,451
1,342
-1,725
12,300
1 7 ,269
47,2 4 7
15,206
8,597
43, 7 9 8
47,877
167
185
51
-585
-818
-684
-562
1,649
1,743
1,558
1,724
8,759
-11,000
-4,895
-861
64,127
63,050
59,279
56,356
-5
1
18
1
-456
-580
-522
-495
1,744
1,551
1,241
1,273
-16,746
-2.251
-1,777
-13,241
76
61
-448
-399
-558
-4 8 8
1,184
1,250
1,435
1,622
1,576
-654
-473
-233
1,2 3 4
1,673
1,403
1,267
FCP-I-3.
- M o n t h l y
2/4/76
2/11/76
2/18/76
2/25/76
-1,026
-1,144
-2,174
-1,629
73
79
48
192
-443
-336
-525
-378
3/3/76
3/10/76
3/17/76
3/24/76
3/31/76
-2,093
-1,000
167
182
-385
-456
-3,903
-2,770
- 3 *146
153
149
121
-373
-696
-697
4/ 7 / 7 6
4 / 14/76
4 / 21/76
4 / 28/76
-3,894
-2,292
-1,994
-3,427
124
112
91
122
5/5/76
5/12/76
5/19/76
5/26/76
-2,044
-1,942
-1,923
-1,161
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
-1 , 7 2 4
-2,174
-1 , 0 7 0
- 1 ,787
-1,6 7 7
170
-489
7/07/76
7/14/76
7/21/76
7/28/76
-1,1 9 6
- 1 ,588
-1 , 7 1 1
-1,535
146
-418
133
75
79
44
107
Table
-98
19
-11
-20
45
247
141
284
-40
144
172
90
-48
-79
-40
-40
-113
35
-154
31
-74
1 06
357
-48
2
353
215
-4
-2
178
-14
25
-55
76,096
84,491
77,350
73,561
212
-25
-28
-232
55
20
-<>2,493
-12, 0 5 1
-27,705
-19 , 5 2 8
54,722
7 0 ,094
73,873
6 3 ,669
57,901
62,408
- 182
-294
116
-215
-190
31
68
53,310
3,911
27,181
55,363
52,722
65,059
48,876
23,7 9 4
B a n k
Positions
70
330
36
-291
-2 5 1
-218
- 323
13
46
81
55
3
39
6
11
32
4/
128
8
-35
197
54
-54
-120
-8 3
-7
42
-28
38
63
1/
(In millions of fore i g n curre n c y units)
End of m o n t h
1976
F e b ...........................
M a x ...........................
M a y ...........................
J u l y ..........................
Footnotes at end of Table FCP-X-3.
Belgian
francs
Canadian
dollars
(1)
(2)
(3)
-3,812
-4,864
-4,576
-2,812
14 8
114
51
-1
=3*252.
162150
-7, 3 1 4
French
francs
.
Ge r m a n
marks
(4)
Italian
li r a
(5)
-668
-609
-538
-585
891
1,608
868
4 90
-4 2 , 5 5 0
-6,406
-27,029
-33,287
- m
-663
& Q
599
- 6,623
Japanese
Swiss
British
yen
francs
pounds
(6)
52,482
47,681
77,741
71,757
S B, 996
56,167
(7)
-53
30
259
-380
(8)
103
-29
13
1
31
-577
U.S.
dollars
(9)
-7 8 8
- 322
-880
-588
30
272
6/
April 1977
29
FOREIGN CURRENCY POSITIONS— —
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms* Positions 1/
(In m i llions of Belgian francs)
S h o r t - t e r m trade
Position
at end
of m o n t h
Liquid
a ssets
2/
Short
term
debt 3/
R ece i v
ables
(2 )
O)
Other
assets
Pay
ables
6/
5J
Other
liabil
ities
F o rward exchange
6/
Bought
(6 )
8/
Net
position
S old
Ex
P ositions held
change
r ate 10 /
9
by
offices in:
(7)
(8 )
(9)
(1 0 )
Feb. 1976
390
3,322
616
1,465
4,958
4,783
1,584
3,454
-5,476
39.1470
United States
Mar. 1976
Mar. 1976
Mar. 1976
21,168
72,783
645
73,428
51,541
94,436
1,543
8,217
9,682
-7,436
53,231
80,962
4,801
85,763
8 ,0 12
1,690
89,192
5,244
6,674
360
21,528
39,620
3,613
43,233
1 3 ,1 3 6
2 ,2 4 6
39.0260
39.0260
39.0260
Abroad
U n ited States
Worldwide
Apr. 1976
352
3,170
656
1,272
5,871
4 ,159
1,243
5,015
-5,494
38.7480
United States
May
389
2,657
584
1,681
5,982
3,873
1,097
5,039
-5,198
39.7750
United States
42,958
3,147
78,291
52,275
973
53,248
98,143
6,183
20,677
-4,269
10 4 ,326
3,343
87,311
2,4 2 8
2,785
5,070
7,855
16,408
39.6510
39.6510
39.6510
Ab r o a d
United States
Worldwide
868
6,383
3,343
974
5,572
-4,116
39.2100
United States
(1 )
1976
(5)
(4)
June 1976
June 1976
June 1976
24,747
441
25,188
46,105
694
78,985
July 1976
372
2,884
822
Table
FCP-II-2.
83,968
- W e e k l y
5,124
1,482
946
B a n k
Positions
11/
(In m illions of Belgian francs)
Banks in U.S.
Liabilities
Net
Fo reign
br a n c h
net
World
wide
n et
(1 )
(2 )
(3)
(4)
(5)
73
59
-19
42
130
196
-66
3,091
3,163
3,371
2,514
3,150
149
14
165
107
178
145
146
75
17
85
554
33
103
128
61
Date
Assets
2/04/76
2/11/76
2/18/76
2/25/76
3/03/76
3/10/76
3/17/76
3/24/76
3/31/76
146
134
165
-42 0
132
4/07/76
4/14/76
4/21/76
4/28/76
106
123
1 39
22
22
48
91
101
111
-1 0
5/05/76
5/12/76
5/19/76
5/26/76
1 50
11
193
65
69
1 46
139
128
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
146
152
7/07/76
7/14/76
7/21/76
7/28/76
201
187
84
101
132
41
61
85
-79
140
231
56
35
51
129
71
110
12
105
183
143
122
156
16
Footnotes at end of Table FCP-X-3.
Net posit i o n
Ex change contracts 13/
Assets and liabilities 12/
Banks in U.S.
1,784
4,2 2 6
3,144
3,413
2 ,448
1,887
4,354
Fo reign
br a n c h
Bought
Sold
Net
(6 )
(7)
(8 )
14,307
16,211
17,832
15,279
17,655
19,636
18,054
19,864
16,461
17,686
18,956
20,311
23,544
21,387
21,476
ne t
(9)
World
wide
net
U.S. 14/
(1 0 )
(ID
-913
-1,463
-1,762
- 1,8 76
-113
319
-3,980
- 1 ,1 1 2
-1,227
- 2 ,2 0 0
-1,853
-1,867
-971
227
-1,703
-917
-1,279
-2,093
- 1 ,0 0 0
-1,433
-1,999
-2,755
-3,999
-3,517
-2,473
-3,803
-2 ,14 8
-1,998
-1,760
-1,96 8
-5,223
-5,413
-5,667
-5,159
-7,371
-7,411
-7,427
-7,127
-2,064
-1,897
-1,669
-1,978
-1,8 3 0
-395
-325
-1,449
-3,894
-2,292
-7,613
-7,311
-6,776
-6,050
-1,744
-1,603
-1,522
-1 ,0 3 2
-30 0
-1,444
-1,804
-1,810
-1,225
-1,355
-2 ,2 6 1
-5,354
-5,778
-3,906
-5,802
3,393
5,018
5,342
3,710
3,477
5,119
5,433
3,700
21,493
21,351
21,552
21,999
23,641
23,349
23,312
23,967
5,430
5,569
5,369
4,853
4,889
22,527
22,786
25,132
27,450
24,410
24,517
26,786
28,523
-1,883
-1,731
-1,654
-1,073
-5,730
-5,580
-5,122
-4,977
5,494
4,620
6,332
6,755
6,290
23,955
25,884
26,471
25,390
25,898
-1,943
-1,600
- 1,8 06
-2,375
-1,950
-5,275
-7,218
-1,858
-5,194
-5,596
-6,167
-6,017
-6,794
-7,402
-8,542
-7,967
-1,679
-1,740
-2,254
-1,861
-5,531
-7,944
- 6,908
-7,063
-7,238
-9,872
-8,742
-8,978
-1,649
- 1,8 3 0
-1,872
-1,748
5,241
4,721
4,848
5,409
4,699
66
121
6,266
6,634
89
6 ,2 0 1
58
98
-38
167
5,984
8,186
7,069
7,276
2 , 656
22,134
6 ,0 42
21,033
8,284
7,031
7,443
2 3 ,0 2 1
23,097
23,949
27,484
28,277
27,765
24,084
22,740
24,949
24,931
25,864
(13)
-1,026
-4,176
-4,288
-5,587
-4,077
1,875
21,283
19,954
19,477
(1 2 )
E xchange
r ate 17 /
Wor l d
wide 16/
-3,204
-2 ,'844
-3,783
-2,267
-972
1,814
1 ,556
2,524
1 ,1 3 6
For e i g n
branch
15/
-1,707
- 1,9 2 8
-1,834
-1,915
-41 2
247
-1,144
-2,174
-1,629
-3,903
-2,770
-3,146
-1,994
-3,427
(14)
39.127
38.918
39.040
3 9 .12 0
39.273
39.510
3 9 .254
38.670
39.026
38.975
38.899
39.032
38.8 58
38.781
39.036
39.258
-129
-2,044
-1,942
-1,923
-1,161
134
-495
670
467
184
-1,724
-2,174
-1,070
-1,787
-1,677
39.742
39.401
39.563
39.604
39.651
453
- 1,1 9 6
-1,588
-1,711
-1,535
39.702
39.706
39.761
39.628
-339
-4 0 1
242
161
213
39.573
Section II - Belgian Franc Positions
End
of
month
Maturity
Table FCP-II-3. - Consolidated Monthly Bank Positions 18/
(In millions of Belgian francs )
Worldwide
Balance sheet items
Foreign exchange contracts 20/
Assets
(1)
1976-Feb.
1976-Mar.
1976-Apr.
1976-May.
197 6 - June.
1 9 7 6 - July.
19/
“
Liabilities
(2)
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
S u m m a r y ((7) + (8))........
29,737
15,779
11.343
5,872
6,486
17,151
86,368
2,593
88,961
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 m o nths-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
S u m m a r y ((7) + (8))........
31,376
14,877
10,848
6,678
6,460
16,653
86,892
2,905
89,797
2,544
4,446
84,108
4,808
88,916
De m a n d / s p o t ......... .......
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
T o tal of all maturities....
Capital assets, liabilities
Sum m a r y ((7) + (8))........
33,963
14,556
12,230
6,470
7,110
16,402
90,731
2,989
93,720
35,070
22,537
12,8a
6,112
3,171
4 ,977
84,688
4,637
89,325
De m a n d / s p o t .................
3 d a ys-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 m o nths-6 m o n t h s .....
Over 6 months-1 y e a r . ......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
Sum m a r y ((7) + (8))........
32,492
19,090
14,346
8,995
7,520
16,876
37,817
23,726
De m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
S u mmary ((7) + ( 8)) ........
D e m a n d/spot.................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 m o nths-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
S ummary ((7) + (8 ) ) ........
99,319
2,919
102,238
30,251
26,533
12,025
7,012
2,588
4,845
83,254
4,760
88,014
35,099
23,215
11,718
7,086
17,853
6,167
4,710
5,105
95,378
4,699
100,077
39,867
30,754
20,957
13,530
12,082
23,274
16,146
6,426
7,123
17,691
102,137
2,675
104,812
4,363
5,633
95,709
4,879
100,588
36,020
20,872
14,580
12,126
42,111
27,540
15,101
6,608
5,173
16.344
105,115
2,877
107,992
4,343
4,908
100,611
5,130
105,741
Net
(3)
-514
-10,754
-682
- 1,1 4 0
3,898
12,306
3,114
-2,167
947
-3,723
-8,338
-870
-408
3,916
12,207
2,784
-1,903
881
-1,107
-7,981
-591
358
3,939
11,425
6,043
-1,648
4,395
-5, 325
-4,636
-3,507
2,828
2,810
11,771
3,941
-1,780
2,161
Bought
(4)
20,017
37,463
34,129
30,275
11,511
Sold
(5)
21,278
u >
©
Net
(6)
-1,261
1,525
-698
-4,102
-255
32
304
133.699
35,938
34,827
34,377
11.766
272
138.458
133.699
138.458
-4,759
20,352
41,367
-649
1,045
-3,125
158.229
21,001
40,322
52,066
35,355
14,589
641
163.974
158.229
163.974
-5,745
16,449
33,667
51,631
37,045
14,019
1,388
19,853
37,577
53,336
37,562
48,941
33,911
13 ,2 0 2
456
-4,759
-1,444
-1,387
-185
-5,745
154.199
14,033
809
163.170
-3,404
-3,910
-1,705
-517
-14
579
-8,971
154.199
163.170
-8,971
25,164
41,131
47,137
30,814
17,271
2,119
163,636
23,513
42,339
47,659
35,089
17,762
2,247
168.609
1,651
-1,208
-522
-4,275
-491
-128
163,636
168.609
-4,973
14,970
34,011
49,598
16,391
33,239
49,759
33,019
18,959
1,906
-1,421
772
-161
-6,776
-4,973
Net
overall
position
3,643
12,338
-1,645
-2,167
-3,812
-4,372
-7,293
-3,995
-1,852
2,529
12,022
-2,961
-1,903
-4,864
-4,511
-11,891
-2,296
-159
3,925
12,004
-2,928
-1,648
-4,576
-3,674
-5,844
-4,029
-1,447
2,319
11,643
-1,032
-1,780
-2,812
-9,113
-2,317
-2,616
5,656
2,760
12,058
6,428
26,243
18,476
1,999
145.297
153.273
-483
93
-7,976
-10,534
-1,545
-2,777
-1,120
2,277
12,151
-1,548
-2,204
4,224
145.297
153.273
-7,976
-2,204
-3,752
-6,091
-6,668
-521
5,518
830
11,436
4,504
-2,253
2,251
20,610
-972
-714
-2,491
-6,222
18,319
2,439
150.445
42,964
45,313
31,199
17.766
2,158
160,010
553
281
-9,565
1,383
11,717
-5,061
150.445
160,010
-9,565
-2,253
-7,314
19,638
42,250
42,822
24,977
21/
(7)
-1,775
-9,229
-1,380
-5,242
-7,063
-7,382
-3,012
-704
I
a
t33
131
April 1977
_ _ FOREIGN CURRENCY POSITIONS
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms* Positions 1/
(in millions of Canadian dollars)
f o rward exchange
S h o r t - t e r m trade
P o sition
a t end
of m o n t h
Liquid
assets — '
Short
term
debt U
Receiv
ables 4/
2
1
(3)
Payables 2J
!
Other
assets /
6
Other
liabil-
B ought
8/
Ne t
position.?/
S old
Ex
change
rateiQ/
ities_7/
6
( )
8
Positions
held b y
offices in:
10)
(7)
( )
(9)
Feb. 1976
491
109
506
739
3,317
768
344
779
2,263
1.0150
United States
Mar. 1976
Mar. 1976
Mar. 1976
2,635
492
3,127
4,009
115
4,124
10,331
545
10,876
4,829
19,300
3,261
14,790
564
371
8,831
770
15,560
314
955
1,893
10,724
1.0162
1.0162
1.0162
Abroad
United States
Worldwi de
Apr. 1976
May
1976
48V
514
126
June 1976
June 1976
June 1976
2,834
505
3,339
4,575
95
4,670
J u l y 1976
572
( )
( )
120
(4)
(5)
879
5,70#
22,561
854
582’
3,294
3,215
920
688
19,826
878
773
798
333
329
1,326
(
1,000
1,981
1.0211
1,902
1.0205
Unit e d States
United States
1.0320
1.0320
1.0320
Abroad
United States
Worldwi de
1.0251
United Stafes
968
10,883
716
11,599
5,044
970
6,014
3,306
23,132
14,770
849
15,619
585
424
1,009
443
1,157
1,600
9,296
1,880
11,176
644
945
3,''20
876
383
1,473
1,708
122
Table
FCP-III-2.
- W e e k l y
B a n k
Positions
W
(In millions of Ca n a d i a n dollars)
Banks in U.S.
Banks in U.S.
Date
Assets
1
( )
Liabilities
2
Net
F o reign
br a n c h
net
World
wide
net
Bought
6
Sold
Net
8
Fore i g n
br a n c h
net
(9)
World
wide
ne t
U n ited
States
9
-31
132
1.0021
1.0045
1.0062
1.0117
-41
-159
-135
-274
115
114
88
71
53
52
68
65
78
68
167
182
153
149
121
.9887
1.0159
1.0146
1.0160
1.0162
-258
-307
-222
67
54
58
57
58
33
43
124
112
91
122
1.0205
1.0118
1.0185
1.0183
-54
-27
-6
-16
49
28
-5
1
18
1
1.0203
1.0208
1.0213
1.0188
36
32
-2
68
40
( )
(7)
( )
19
329
308
263
229
7,796
7,920
7,687
7,742
8,068
8,200
7,963
7,820
-272
-280
-276
-78
41
-229
-215
-37
214
262
271
262
325
17
-39
41
22
70
231
223
312
284
395
7,851
7,740
7,664
7,734
7,975
7,950
7,888
7,847
7,925
8,247
-99
-148
-183
-191
-272
35
107
24
56
-2
454
436
449
319
355
291
303
63
64
22
-2
382
41 9
313
301
7,865
8,401
8,539
8,289
8,117
8,702
8,772
-252
-301
8,513
-233
-224
-6
-6
11
45
-179
79
478
426
-30
6
262
311
310
305
8,498
8,509
8,776
8,852
8,844
8,841
9,083
9,199
-346
-332
-307
-347
79
22
15
43
-267
-310
-292
-304
8,690
9,006
8,519
8,647
8,659
8,966
8,795
8,893
8,839
9,182
-316
-276
-246
-180
-216
23
19
37
4
28
-293
-257
-209
-176
-188
8,557
8,931
8,713
8,497
8,778
9,142
8,902
8,749
-221
-211
5
11
47
81
-216
-200
-142
-171
3/03/76
3/10/76
3/17/76
3/24/76
3/31/76
663
664
744
707
833
473
445
508
4/07/76
4/14/76
4/21/76
4/28/76
773
791
740
704
5/05/76
5/12/76
5/19/76
5/26/76
770
449
402
401
731
711
754
410
423
292
305
301
331
702
350
526
352
308
17
10
369
318
244
248
340
9
35
18
253
283
358
328
302
34
31
-7
-46
333
2 17
250
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
779
809
594
531
469
7/07/76
7/14/76
7/21/76
7/28/76
714
691
6 88
692
386
3 89
464
396
Footnotes at end of Table FCP-X-3,
224
296
9
-26
362
-189
-252
17
73
79
48
192
(5)
71
19
18
Exchange
rate
/
(13)
(4)
424
476
6
87
70
79
60
11)
-14
(3)
258
289
245
210
16
51
61
Fo r e i g n 11 Worldbranch 15/ w i d e l /
12)
10)
( )
703
667
669
686
pos i t i o n
w
445
378
2/04/76
2/11/76
2/18/76
2/25/76
834
838
N et
Exchange contracts 13/
Assets and liabilities 12/
(
-256
—
64
(
124
107
91
35
44
(
24
17
(14)
29
46
39
46
76
61
1.0232
1.0221
44
107
170
1.0279
1.0330
1.0320
39
42
40
35
146
1.0321
133
75
79
1.0279
1.0273
1.0264
Section III - Canadian Dollar Positions
En d
Table FCP-III-3. - Consolidated Monthly Bank Positions is/
(in millions of Canadian dollars)
Worldwide
Foreign exchange contracts 20/
Balance sheet items
Maturity
of
month
Assets 19/
(1)
1976-Feb.
1976-Mar.
1976-Apr.
1976-iMay.
1 9^ 6 - June.
1976-July.
(1)
D e m a n d / s p o t .................
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
3 days-1 m o n t h ..............
Over 1 months3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of a l l m a t u r i t i e s ....
Capital assets, liabilities
Summary ((7) + v 8 ) ) ........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
D e m a n d ^ p o t .................
3 days-1 m o n t h ..............
Over 1 m o nths3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities
S u mmary ((7) + ( 8 ) ) ........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all m a t u r i t i e s . ...
Capital assets, liabilities
S u mmary ((7) + ( 8 ) ) ........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 m onths-1 y e a r .......
Over 1 y e a r .................
Total of all m a t u r i t i e s . ...
Capital as s e t s , liabilities
Summary ((7) + ( 8 ) ) ........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Deman d / s p o t .................
3 days-1 m o n t h .............. .
Over 1 month-3 m o n t h s ...... .
Over 3 m o nths-6 months......
Over 6 m o nths- 1 y e a r ...... .
Over 1 y e a r ................. .
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8))........ .
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Deman d / s p o t ................. .
3 days-1 m o n t h .............. .
Over 1 month-3 m o n t h s ...... .
Over 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ....... .
Over 1 y e a r ................. .
Total of all maturities....,
Capital assets, liabilities,
S u mmary ((7) + (8))........ .
584
172
140
60
55
415
1,426
49
1,475
624
211
171
58
64
397
1,525
42
1,567
Liabilities
______(2)
630
231
160
142
47
46
1,256
54
1.310
588
229
185
117
50
64
1,233
52
1,285
585
218
306
80
Net
(3)
Bought
Sold
Net
(4)
(5)
(6)
-46
-59
-20
-82
8
369
170
-5
165
946
1,966
2,181
1,848
986
198
8.125
2,152
1,772
982
219
8,142
8.125
8,142
-17
36
-18
1,009
1,868
2,559
1,066
975
2,0 42
-29
-76
29
76
4
-21
-17
Net
overall
p osition
-75
-135
9
-6
12
348
153
-5
148
292
1,844
1,026
207
8.513
8,68l
-57
-225
59
-50
115
-10
-168
-10
282
8.513
8,681
-168
114
1,117
1,692
2,855
1,842
1,289
239
9.034
1,147
1,783
2,853
1,945
1,202
-30
-61
6
-169
254
9.184
9.034
9.184
-150
507
2,086
2,687
2,088
1,216
283
8.867
632
2,096
2,740
2,157
1,127
257
-1 4
-59
14
333
2,093
2,500
1,894
91 1
217
-21
-243
45
-109
129
323
124
-10
420
44
78
1,528
36
1.311
52
1,564
1,363
-31
97
-171
-31
11
342
217
-16
201
473
280
160
61
60
428
1,462
575
278
-102
2
274
75
38
65
1,305
60
1,365
- 114
-14
22
9.009
-125
-10
-53
-69
89
26
-142
HI
8.867
9.009
-142
614
327
269
128
8
1,070
1,137
-89
-96
1
2,253
2,609
2,282
2,243
2,636
2,256
53
61
1,452
76
1,528
49
402
275
-17
258
1,114
247
9.575
1,141
258
9.671
-67
10
-27
26
-27
-11
-96
9.575
9.671
-96
391
179
-17
162
457
342
308
-38
-129
-106
18
39
399
183
-19
164
1,495
1,937
2,665
1,438
1,888
2,717
2,315
1,180
57
49
-52
8
19
-80
-158
26
263
9,801
-83
7
-14
-44
406
9,801
-14
554
315
135
49
55
44
1,506
622
238
173
129
102
463
1,727
59
1,786
419
213
202
122
91
461
1,508
64
1,572
104
52
62
1,325
83
1,408
363
157
- 16
2,323
1,097
270
9.787
9.787
-91
2
-103
87
-15
-150
21/
-134
98
327
67
-16
51
-227
-8
-167
-83
111
389
15
-16
-1
-59
-79
-123
27
22
169
-19
150
$
1
ba
«
8 s
133
A p r il 1 9 7 7
FOREIGN CURRENCY POSITIONS
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms’ Positions 1/
(In m illions of French francs)
exchange 8/
Forw a r d <
S h o r t - t e r m trade
P o sition
at end
of m o n t h
Liquid 2/
assets — '
Sho r t
term
debt
.
R eceiv
ables A /
(2)
(1)
Pay
ables
(3)
assets A /
dl
(4)
(5)
Other
liabili ti e s l !
(6)
(7)
(8)
Feb. 1976
103
108
229
301
795
621
Mar. 1976
Mar. 1976
Mar. 1976
4,917
114
5,031
10,132
304
10,436
21,683
268
21,951
13,050
279
22,705
14,250
13,329
694
14,944
1 ,9 6 8
lj037
3,005
2,297
803
23,508
1976
1976
122
130
297
305
283
310
253
214
783
767
694
708
1,048
1,054
June 1976
June 1976
June 1976
5,018
203
5,221
9,559
201
9,760
2 2,870
307
23,177
14,766
230
14,996
20,954
1,088
22,042
15,733
735
1 6,468
J u l y 1976
259
226
280
241
1,129
768
Apr.
May
Table
FCP-IV-2. - W e e k l y
1,095
B a n k
Ne t
p os i t i o n — ^
S old
Bought
(9)
1,707
Ex
change
r ate 1®/
Positions
h e l d by
offices in:
(10)
-515
4.4793
U n ited States
A broad
Uni t e d States
Worldwide
2 ,0 9 3
11,544.
-1,148
4,390
10,396
4.6838
4.6838
4.6838
2,094
2,135
-1,102
-1,101
4.6631
4.7237
U n i t e d States
U n i t e d States
513
871
1,384
1,762
2,192
3,954
7,535
-889
6 ,646
4.7360
4.7360
4.7360
A bro a d
United States
W orldwide
867
2,240
-940
4.9140
United States
Positions
11/
(In m illions of F r ench francs)
A s sets and liabilities 12/
B a nks i n U.S.
F or e i g n
branch
Date
Assets
net
L iabilities
Net
(1)
(2)
(3)
2/04/76
2/11/76
2/18/76
2/25/76
256
273
249
291
106
71
184
53
150
202
65
238
1,519
1,253
1,158
3/03/76
3/10/76
3/17/76
3/24/76
3/31/76
315
318
338
357
350
62
201
137
83
42
253
117
201
1,167
1,136
744
274
308
4/07/76
4/14/76
4/21/76
4 / 28/76
283
359
348
411
49
11
5/05/76
5/12/76
5/19/76
5/26/76
(4)
E xchange
World
wide
n et
(5)
Bought
(6)
1,669
1,455
1,223
1,791
9,400
10,438
10,532
1 1,727
333
790
1,420
1,253
945
607
1,098
1 1,489
13,089
1 5,751
14,760
14,635
644
555
670
841
878
69
58
234
348
279
353
903
949
1,194
295
320
288
223
39
55
62
106
256
265
226
117
1,031
1,003
963
964
6/02/76
6 /09/76
6/16/76
204
270
268
53
45
55
151
225
213
896
1 ,0 4 0
6/23/76
6/30/76
336
320
83
111
253
209
7/07/76
7/14/76
7/21/76
7/28/76
325
503
351
364
184
346
149
43
141
157
202
321
Footnotes at end of Table FCP-X-3.
1,553
1,287
1,268
1,189
1,081
contracts 13/
So l d
Net
For e i g n
branch
net
(7)
(8)
(9)
World
wide
net
U nited
1 F o reign
Sta t e s 14/f bra n c h
(10)
(11)
-2,112
-399
-408
-502
-425
^44
(12) ^
Worldwide!6/
(14)
n
-2 3
47
-443
-336
-525
-378
4.4573
4.4524
4.4753
4 .4793
51
72
27
-236
-321
-385
-456
-373
-696
-697
4 .4934
4.5372
-158
-411
-281
-585
-818
-684
-562
4.6587
4.6653
4.6631
-456
-580
-522
-495
4.6784
4.6871
4.7037
4.7203
4.7304
4.7293
4.7281
-1,563
-1,181
-1,181
-1,506
13,734
16,352
-689
-645
-601
-1,805
-1,709
-1,318
-436
-528
15,494
3 5,3 1 9
—684
-1,116
-1,064
-717
-569
-1,111
-1,303
-1,795
-460
-376
1 5,066
14,995
1 5,554
1 5,154
15,727
15,750
16,236
15,969
-661
-755
-682
-815
-802
-966
-951
-941
-1,463
-1,721
-1,633
- 1,756
-427
-407
-403
-462
15,691
15,245
16,008
16,329
15,919
16,619
15,393
-638
-674
-611
-1,743
-1,848
-1,711
-1,576
-382
-409
-385
-541
-1,105
-1,174
-1,100
-1,035
-424
-137
-71
-483
-619
-709
-1,012
-1,045
-1,010
-1,495
-1,664
-1,719
-1,666
-1,709
-332
-394
-496
-116
-5
-62
-448
-479
-479
-9
-10
-488
-1,570
-1,588
-1,649
-1,293
-421
-621
3
-33
21
70
1 2,178
-734
948
13,529
15,877
15,139
1 4,238
925
1,011
1,178
1,220
13,725
14,083
14,457
14,771
-732
-688
-934
-1,021
1,011
777
974
739
1,152
13,921
1 5,560
14,483
16,338
16,625
16,778
-562
-778
-696
-624
-1,008
-810
15,394
14,520
15,929
1 6,154
-953
-669
-1,791
-1,748
-2,169
-40 0
-494
-303
Exchange
r a t e 17/
(13)
-549
-610
-567
-663
14,852
9,949
11,048
1 1,099
12,390
1 ,047
1,265
1 ,161
934
1,176
1,060
Net posit i o n
B a n k s in U.S.
-l60
-74
-171
-399
-558
-489
-418
-654
-473
-233
4.6664
4.6882
4 . 6838
4.6664
4.7382
4.7360
4.7472
4.8228
4 .9068
4 .8972
Section IV - French Franc Positions
End
of
month
Table FCP-IV-3. - Consolidated Monthly Bank Positions is/
(In millions of French francs)____________
Worldwide
Foreign exchange contracts 20/
Balance sheet items
Maturity
Assets 19/
(1)
1976-Feb.
1976-Mar.
1976-A p r .
1976-May.
De m a n d / s p o t ................
3 days-1 m o n t h .............
Over 1 month-3 m o n t h s .....
Over 3 months-6 m o n t h s ....
Over 6 months-1 y e a r ......
Over 1 y e a r ................
Total of all maturities...
Capital assets, liabilitie
Summary ((7) + ( 8 ) ) .......
D e m a n d / s p o t ................
3 days-1 m o n t h .............
Over 1 m o nth-3 m o n t h s .....
Over 3 months-6 m o n t h s ....
Over 6 month s - 1 y e a r ...... .
Over 1 y e a r ................
Total of all maturities...
Capital assets, liabilitie,
Summary ((7) + ( 8 ) ) .......
D e m a n d / s p o t ................
3 days-1 m o n t h .........
Over 1 m o nth-3 m o n t h s .....
Over 3 m o nths-6 months....
Over 6 months-1 y e a r ......
Over 1 y e a r ................
Total of all m a t u r i t i e s ...
Capital assets, liabilitie!
Summary ((7) + ( 8 ) ) .......
D e m a n d / s p o t................
3 days-1 m o n t h .............
Over 1 mont h - 3 m o n t h s .....
Over 3 m o nths-6 m o n t h s ....
Over 6 m onths-1 y e a r ......
Over 1 y e a r ................
Total of all maturities...
Capital assets, liabilitiei
Summary ((7) + ( 8 ) ) .......
1976-June.
19 7 6 - July.
Liabilities
(2>
Net
Bought
(3)
^(4)
5,195
3,280
1,599
540
149
491
11,254
391
11,645
- 1,166
-323
1.054
549
511
550
1,175
43
-1,146
-193
994
750
960
12,824
425
13,249
4,787
3,215
2,394
519
283
522
11,720
364
12,084
3,939
3,337
4,734
3,027
-795
2,731
1,004
673
972
12,656
323
12,979
2,344
559
318
481
387
445
355
491
1,193
-48
1,145
4,029
2,957
2,653
1,089
660
1,041
12,429
1*34
12,863
3,641
3,022
3,457
11,463
371
11,834
1,2 1 8
1,063
475
467
438
1,104
61
1,165
310
3,676
3,264
2,361
1,037
753
4,837
2,717
1,790
833
376
985
12,076
416
12,492
11,043
395
11,438
1,033
21
3,750
490
-1,161
547
571
204
377
495
1.054
3,856
5,798
Sold
Net
(5)
(6)
3,826
Net
overall
position 2 1 /
(7)
-1,136
-936
176
24.629
6,411
7,481
6,743
2,012
42
26.515
30
-613
-878
-459
-14
48
-1,886
24.629
26.515
-1,886
90
497
598
- 711
43
-668
4,384
6,901
9,190
8,696
2,210
135
31.516
4,534
7,752
9,493
9,191
2,217
103
33.290
-150
-851
-303
-495
-7
32
-1,774
31.516
33.290
-1,774
4,042
6,353
10,467
4,310
6,570
11,121
8,088
-268
-217
6,603
6,284
1,998
90
-1,296
-1,044
760
-20
460
470
-670
61
-609
-1,063
93
-267
88
147
512
-490
- 48
-538
7,731
2,146
150
30.889
2,354
129
32.572
-654
-357
-208
21
-1,683
30.889
32.572
-1,683
2,980
7,046
3,051
7,575
10,249
6,578
2,150
228
29.231
10,935
7,004
2,146
159
30.870
-7 1
-529
-686
-426
69
-1,639
- 1,232
18
-115
-222
381
564
-606
29.231
30.870
-1,639
21
-585
4,208
7,435
10,979
5,448
2,132
232
-167
30.434
-1,703
3 days-1 m o n t h . ..............
Over 1 month-3 m o n t h s .......
Over 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r ..................
Total of all m a t u r i t i e s .....
Capital assets, liabilities.
Summary ((7) + (8)) .........
3,205
2,460
1,437
806
1,410
13,068
436
13,504
5,091
2,621
1,498
1,109
536
-1,341
584
962
328
270
11,81^
456
12,272
449
1,252
-20
1,232
28.731
30.434
- 1,703
-1,508
-30
550
-110
262
385
-451
-20
-471
Demand / s p o t ..................
3 days-1 m o n t h ...............
4,292
3,189
5,493
2,597
-1,201
592
6,743
8,025
7,261
7,969
-518
56
-1,719
648
Over 1 month-3 m o n t h s . ......
Over 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r ..................
Total of all m a t u r i t i e s .....
Capital assets, liabilities.
Summary ((7) + (8)) .........
2,350
1*627
871
1;§S
509
562
447
185
1,094
-7
1,087
10,877
5,585
1,930
261
33.421
11,271
6,184
2,168
318
35.171
-394
-599
-238
-57
-1,750
33.421
35.171
-1,750
De m a n d / s p o t ..................
1,123
13,452
424
938
12,358
464
13,916
471
12,829
4,041
6,821
10,567
5,010
2,124
168
28.731
-614
-412
-438
-8
'-64
115
-37
209
128
-656
-7
-663
0
g
1
0
a
1
§
►0
O
CO
S
GQ
I
st
t o
S.
3 *
135
April 1977
_
FOREIGN CURRENCY POSITIONS _
_
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms’ Positions (In mi l l i o n s of marks)
P os i t i o n
a t end
of m o n t h
Liquid
assets 2'
S h o r t - t e r m trade
S ho r t
term
debt 3/
(2)
(1)
Payables I'
Receiv
ables
(3)
Net
p os i t i o n
1/
S old
B ought
(7)
(6)
(5)
(4)
Forward exchange — ^
O ther
liabil
ities J J
Other
assets
6/
Ex
change
rate 10/
(9)
(8)
Positions
held b y
offices in:
(10)
Feb. 1976
941
882
296
392
1,844
3 ,6 5 0
2,824
669
312
2.5634
Un i t e d States
M ar. 1976
Mar. 1976
Mar. 1976
5,915
849
13,303
327
13,630
9 ,184
334
9,5 1 8
17,281
1,762
19,043
15,954
3 ,661
1*305
662
1,967
4,209
591
4 ,800
2.5400
2.5400
2.5400
Abr o a d
U nit e d States
Worl d w i d e
587
254
746
2.5349
2.5920
United States
U n i t e d States
2.5743
2.5743
2.5743
Abroad
United States
W o r l dwide
2.5313
United States
6,764
7,368
638
8,006
19,615
1 ,521
2,948
4,469
1976
1976
905
919
690
695
437
355
318
386
1,375
1,275
3,606
3,542
2,738
3,361
June 1976
June 1 976
June 1976
6,744
967
7,711
7,481
722
13,947
356
17,788
16,131
983
8,203
14,303
9,554
3 69
9,923
1 ,149
18,937
3,514
19,645
3 ,2 3 4
4,217
1,574
5,222
601
5,823
J u l y 1976
1,159
731
276
464
1,277
3,374
2,626
424
345
Table
FCP-V-2.
- W e e k l y
Apr.
May
B a n k
541
1,074
500
P o s i t i o n s ii/
(In millions of narks)
A ssets and liabilities 12J
B anks i n U.S.
D ate
Assets
(1)
Liabilities
(2)
Net
(3)
Bought
Sold
Net
(4)
(5)
(6)
(7)
(8)
512
505
500
476
186
299
3 26
206
239
256
261
220
3/03/76
3/10/76
3/17/76
3 /24/76
3/31/76
479
430
449
255
194
257
226
1 47
5,579
5,496
6,432
7,063
430
2 24
236
192
184
283
4 /07 / 7 6
4 / 14/76
4/21/76
4/28/76
4 87
449
525
499
202
272
220
243
285
177
305
256
5/05/76
5/12/76
5/19/76
5/26/76
533
565
498
517
3 59
245
3 08
3 16
6/02/76
6/09/76
533
549
6/16/76
6/23/76
6/30/76
624
608
632
300
250
291
29 8
31 1
7 / 07/76
7 /14/76
7 /21/76
7 /28/76
638
657
619
6 49
306
307
31 1
318
Footnotes at end of Table FCP-X-3.
5,360
5,686
5,758
6,263
5 ,964
6,524
5,861
5,641
contracts 13/
F o reign
br a n c h
net
W orld
wide
n et
2 /04/76
2/11/76
2/18/76
2/25/76
410
Exchange
Banks i n U.S.
Foreign
branch
liet
1,299
1,211
1,793
1,655
1 ,2 4 5
1 J3 4 0
1 ,930
1 ,7 4 7
1,750
2.5743
2.5352
2.5556
2.5400
1,693
1,649
-288
1,487
1,687
1,665
1,756
1,743
1,558
1,7 2 4
2.5445
2.5326
2.5371
2.5368
-103
-440
-460
-567
- 4,648
-4,529
-4 , 5 3 8
- 4 ,238
-4,751
-4,969
- 4,998
-4,805
•71
-120
-270
-366
1,673
1,671
1,511
1,639
1,744
1,551
1,241
1 , 273
2.5494
2.5671
2.5867
-45£
-413
-357
-492
' - W >
-4,113
m
1459
2 .5947
0 .204-4>
6
2 .5720
2 .5737
2.5743
2.5773
2.5780
2.5757
2 . 5684
21,397
21,118
-123
-121
6,078
6,624
20,043
20,899
21,520
21,239
20,455
21,187
174
320
190
201
6,321
6,200
6,049
5,877
6,495
6,520
6 ,239
6 ,0 7 8
233
299
333
5,753
5,744
5,572
2 0,497
20,915
23,512
19,145
20,443
20,090
19,775
20,600
21,355
23,972
19,712
20,901
321
5,836
6,081
6,402
19,853
1 9,508
20,345
1 9,754
6 ,114
5^776
5,982
5,921
1 9,324
1 8 ,934
18,956
1 9,509
19,798
19,259
19,347
1 9,830
331
1 ,3 8 7
2.5687
2.5291
2.5638
2.5615
162
56
-1 0 7
-32
6,537
6,546
5,674
5,590
1 ,0 9 5
1,259
1 ,4 5 8
-4,803
-4,520
-4,900
6,252
6,369
5 ,773
6,368
5,782
5,426
1,313
1,272
1,378
1,368
-4,765
-4,682
-4,108
-4,612
22,786
21,801
21,746
-65
-120
332
350
30 8
(14)
-54
12 9
137
92
57
21,305
22,906
21,935
2 1,8 3 6
310
(13)
-4,589
- 4,350
-4,759
-5^542
-309
20,503
20,132
15/
- 4,280
- 4,285
-4,639
- 5,408
- 4 ,801
-201
21,158
5,986
Exchange
rate i 7j
-218
-13
80
19.
20,849
6,043
5,905
6,146
Wor l d
wide^/
-4,591
-4,705
-5,066
-4,474
-544
-219
-181
5,834
5,690
6,689
7,289
6,641
6,494
10)
F ore i g n
b r anch
(12)
20,356
21,282
20,719
20,089
-134
-90
-412
—246
-474
-325
-391
-321
- 4 ,047
-4,486
-4,885
- 4,273
(
United
States
14/
(n)
19,812
21,063
20,538
19 , 8 8 8
21,240
(9)
N et posit i o n
World
wide
net
-4,891
4,888
— 4,580
- 4,8 0 2
-4,793
4;470
-4,524
- 4 ,826
-4 , 4 0 6
-3,778
-4,188
- 4,333
-4,880
-142
- 4,103
-4,579
-4,654
25
-83
10
- --225
-114
-24
i
-182
75
1 ,804
1,501
1 ,184
1 ,250
1,435
1,622
1,576
1 ,376
1,648
1,486
1,257
1,234
1,673
1,403
1,267
2.5681
2.5332
Section
Table
FCP-V-3.
V
- G e r m a n
- Consolidated
M a r k
Positions
M o n t h l y
B a n k
Positions
u >
18 /
C N
(In mi l l i o n s of marks)
Worldwide
End
of
Balance sheet items
Maturity
month
Assets 19/
(1)
1 9 7 6 - F e b.......
1 9 7 6 - M a r .......
m
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
De m a n d / s p o t ...................................
3 days-1 m o n t h ...............................
Over 1 mont h - 3 m o n t h s .......................
Over 3 m o nths-6 m o n t h s . . ...................
Over 6 m onths-1 y e a r ........................
Over 1 y e a r ..................................
Total of all m a t u r i t i e s .....................
Capital assets, l i a b i l i t i e s ................
S ummary ((7) + ( 8 ) ) .........................
(1)
D e m a n d / s p o t .................................
3 days-1 m o n t h ..............................
Over 1 m o nth-3 m o n t h s ......................
Over 3 months-6 m o n t h s .....................
Over 6 months-1 y e a r ........................
Over 1 y e a r ..................................
Total of all m a t u r i t i e s .....................
C apital assets, l i a b i l i t i e s................
Summary ((7) + ( 8 ) ) .........................
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1976-A p r .......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1 9 7 6 - M a y .......
(3)
3,483
11,764
7,640
13,977
15,145
5,201
2,606
9,275
59,375
1.068
60,443
53,844
1,586
55,430
-1,322
508
1,199
1,780
877
2,489
5,531
-518
5,013
14,485
16,344
6,981
6,723
8,957
-2,234
17,909
14,402
8,081
3,595
12,074
62,784
849
16,684
13,112
5,768
2,619
8,853
55,993
63,633
57,034
1,225
1,290
2,313
976
3,221
6,791
-192
6,599
D e m a n d / s p o t ..................................
3 days-1 m o n t h ...............................
Over 1 m o nth-3 m o n t h s .......................
Over 3 months-6 m o n t h s ......................
Over 6 months-1 y e a r ........................
Over 1 y e a r ...................................
Total of all m a t u r i t i e s .....................
Capital assets, l i a b i l i t i e s ................
Summary ((7) + ( 8 ) ) .........................
6,828
16,968
14,041
6,874
3,817
11,900
60,428
824
61,252
D e m a n d / s p o t ...................................
1,041
8,966
16,780
12,702
4,447
2,787
8,622
54,304
1,175
-2,138
188
1,339
2,427
1,030
3,278
Bought
(4)
Sold
Net
(5)
(6)
Net
overall
p o sition 21/
(7)
/;c
OD
-1,045
-1,697
9 362
12*815
16,070
11,079
9,297
13,860
17,767
12,073
6,344
2,434
58,104
-
6,405
2,824
62,226
_
58,104
62,226
-4,122
10,239
15,072
15,099
—
1 fin
—1i ,IOU
11,801
6,469
11 399
16*357
16,425
13,100
5,984
2,579
61,259
-
66,250
-406
-4,991
61,259
66,250
-4,991
8,834
12,089
14,583
9,439
13,946
-605
-1,857
-1,744
2,985
-994
-61
-390
- 4,122
_
-1,285
-1,326
-1,299
485
_
-1,257
-537
-498
786
816
2,099
1,409
-518
891
— 3 394
*-60
-36
1,014
1,461
2,815
1,800
-192
1,608
-2,743
-1,669
-405
2,155
1,123
55,619
55,479
6,124
-351
5,773
55,619
60,524
-4,905
7,578
9,086
-1,508
3 days-1 m o n t h ...............................
Over 1 mo n t h - 3 m o n t h s .......................
Over 3 months-6 m o n t h s ......................
Over 6 m o nths-1 year...,.....................
Over 1 y e a r ...................................
Total of all m a t u r i t i e s .....................
Capital assets, li a b i l i t i e s ................
Summary ((7) + ( 8 ) ) .........................
14,523
14,408
14,500
13,247
4,191
2,905
23
1,161
2,150
1,027
8,495
14,122
16,361
-341
-2,279
-1,854
11,774
58,556
897
59,453
8,660
52,589
1,6H6
3,114
5,967
8,154
11,843
14,507
11,481
6,206
2,748
11,659
5,844
3,226
54,939
59,707
_
-178
362
-478
-4,768
-1,849
-2,256
-693
1,972
1,389
2,636
1,199
-709
490
7,412
14,588
13,740
5,513
4,325
11,777
57,355
861
58,216
8,384
15,085
11,901
4 ,018
(8)
(9)
Demand/ s p o t .......... .......................
3 days-1 m o n t h ...............................
Over 1 month-3 m o n t h s .......................
Over 3 months-6 m o n t h s ......................
Over 6 months-1 y e a r ......... ..............
Over 1 y e a r ...................................
Total of all m a t u r i t i e s .....................
Capital assets, li a b i l i t i e s ................
S u mmary ((7) + (8 ) ) .........................
(1)
D e m a n d / s p o t ...................................
h
(3)
3 days-1 m o n t h ...............................
Over 1 month-3 m o n t h s .......................
Over 3 months-6 m o n t h s ......................
Over 6 months-1 y e a r ........................
Over 1 y e a r ...................................
Total of all m a t u r i t i e s .....................
Capital assets, li a b i l i t i e s ................
S u mmary ((7) + ( 8)) .........................
(1)
(2)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1976-J u l y ......
(2)
F o reign exchange contracts 20/
Net
16,327
12,197
5,715
2,900
60,524
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1976—J u n s ......
Liabilities
(4)
(5)
(6)
(7)
(8)
(9)
6,341
3,932
54,195
-709
5,258
-972
-497
1,839
1,495
1,470
3,048
11,925
5,808
2,380
-272
93
-520
-4,905
_
54,939
59,707
-4,768
9,503
12,326
14,387
10,001
6,381
3,049
55,647
-
9,798
14,543
16,015
10,302
6,195
3,626
60,479
_
-295
-2,217
-1,628
-301
186
-577
-4,832
_
-4,832
2,855
8,729
50,972
1,662
52,634
6,383
-801
5,582
55,647
60,479
6,318
8,128
-1,810
13,328
13,047
12,549
6,490
4,558
13,051
11,312
4,987
2,967
12,710
16,003
9,760
11,904
54,866
881
55,747
8,614
4 9,059
1 ,678
50,737
-4
1,237
1,503
1,591
3,290
5,807
-797
5,010
13,435
14,661
17,218
10,781
6,436
6,884
4,109
62,794
62,794
4,674
67,205
-107
-1,951
-1,215
-1,021
448
-565
-
-4,411
67,205
-4,411
2,758
1,219
- 351
868
3
s
HH
§
O
cs
3
w
a
hd
o
03
o
as
GG
-1 267
-2*714
211
1,194
1,656
2,471
1,551
-801
750
-1,917
-1,955
22
482
2,039
2,725
1,396
-797
599
?
s
t o
a
S'
S*
April 29 '
137
____ FOREIGN CURRENCY POSITIONS _______
Section VI - Italian Lira Positions
Table
FCP-VI-1.
- N o n b a n k i n g
1/
F i r m s ’ Positions
(In millions of lire)
Position
at end
of m o n t h
Liquid
assets 2/
Short - t e r m trade
Short
term
debt 3/
Receiv
ables 4/
Pay
ables 5/
Forward exchange 8 /
Other
li a b i l
ities ■»/
Other
assets
6/
Ex
change
ra t e 10/
Net
p osit i o n
Bought
So l d
Positions
h eld b y
offices in:
(1)
(2)
4,961
36,854
131,521
14,835
50,209
43,797
23,505
68,986
45,724
771.60
United Stat e s
1976
1976
1976
413,218
4,743
417,961
1,086,174
31,669
1,117,843
2,147,596
117,710
2,265,306
1 ,101,508
12,139
1,113,647
1,617,168
49,195
L,666,363
1,611,146
121,914
273,156
42,017
1,653.163
15,916
23,693
39,609
64.197
186,111
45,319
318,475
841.04
841.04
841.04
Ab r o a d
United States
Worldwide
Apr. 1976
May
1976
4,197
5,883
25,150
24-, 322
118,788
150,914
17,541
17,823
48,336
45,517
40,192
33,888
26,850
31,965
54,696
81,458
76,788
898.07
844.24
United States
United States
June 1976
June 1976
June 1976
333,265
6,065
389,330
1 ,434,696
21,650
1,456,346
2,458,832
155,542
1,306,986
15,317
1,870,096
1,650,620
2,614,374
1,322,303
4 9,433
1,919,529
33,183
1,683,803
24,134
30,535
54,669
109,814
68,784
178,598
234,211
102,641
336,852
837.87
837.87
837.87
Abroad
U nited States
Worldwide
July 1976
6,215
18,332
170,188
25,064
51,573
39,210
29,512
87,019
87,863
834.38
United States
Feb. 1976
Mar.
Mar.
Mar.
(3)
(5)
(4)
Table
FCP-VI-2.
(6)
W e e k l y
(7)
B a n k
(8)
Positions
(9)
(10)
60,592
11/
(In Tiiliions of lire)
Assets ;
a nd liabilities
Banks in U.S.
Date
A ssets
Liabilities
(1)
(2)
Net
(3)
12/
Foreign
b r anch
net
(4)
Exchange contracts
World
wide
net
(5)
789
616
968
1,445
19,626
109,782
129,408
21,741
25,456
20,876
190,513
174,825
212,112
16,474
15,685
12,468
13,159
8,160
982
2,122
519
688
1,6 1 0
15,492
13,563
11,949
12,471
6,550
9,154
7,653
10,306
-1,152
6,720
Banks in U.S.
B ought
S old
Net
(6)
(7)
(8)
(9)
-192,649
-36,567
53,836
17,269
796.81
804.83
879.51
838.57
841.04
-191,204
-43,388
-50,772
- 203,265
-54,294
-39,831
52,147
39,772
4 9,399
38,970
8,759
-11,000
-4,895
-861
865.05
876.42
876.81
894.85
-143,733
-169,267
-160,893
- 218,349
-197,291
-206,107
-215,239
-50,802
-43,688
-40,240
-43,458
34,056
41,437
38,463
30,217
-16,746
-2,251
1 ,777
-13,241
9 1 8.27
852.15
845.67
845.33
-151,267
-179,540
-152,115
-144,165
-138,990
-214,966
-235,599
-195,241
-185,726
-186,001
-54,499
-51,989
-44,772
-44,978
-23,787
32,006
39,938
17,067
25,450
78,509
-22,493
-12,051
-27,705
-19,528
54,722
-28,185 -186,711
-45,818 -168,287
-21,017 -138,015
— 84,842
-40,463
-214,896
-214,105
-159,032
-125,305
-17,223
-38,831
-27,622
70,533
42,742
54,803
51,287
53,310
3,911
27,181
724,629
694,793
711,130
685,075
668,772
-55,808 -179,908
-47,297 -140,292
-50,425 -155,441
-51,592 -166,658
-43,117 -149,532
1,808
6,206
201,115
210,903
2 13,469
196,198
199,963
217,623
215,277
202,404
604,978
617,399
624,661
583,669
647,214
674,891
680,763
629,706
-42,236 -148,968
-57,492 -171,131
-56,102 -164,070
-46,037 -157,228
710
1,058
11,505
1,405
7,375
9,870
-3,400
10,888
194,228
185,170
207,730
191,110
201,603
195,040
204,330
201,998
636,636
661,064
641,440
714,764
694,813
714,622
678,280
769,110
-58,177
-160,172
-53,558
-36,840
-54,346
13,927
9,340
9,670
9 ,859
24,759
4,727
5,270
11,316
13,276
1,535
9,200
4,070
-1,646
-3,417
23,224
183,273
219,478
169,182
169,615
2 17,499
192,473
223,548
167,536
1 66,198
240,723
731,133
823,198
790,393
760,281
864,935
794,832
879,257
8 33,519
801,842
911,946
-63,699
-56,059
-43,126
-41,561
-47,011
12,583
10,009
11,318
18,826
1,621
3,022
17,923
5,856
10,962
6,987
-6,605
12,970
257,244
211,029
192,818
136,129
268,206
218,016
186,213
149,099
720,863
743,738
788,277
773,175
749,048
789,556
8,085
10,928
8,105
12,293
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
7/07/76
7/14/76
7/21/76
7/28/76
Footnotes at end of Table FCP-X-3.
809,294
813,638
-202,193
-238,077
(14)
- 1 6,451
668,821
647,496
660,705
633,483
625,655
5/05/76
5/12/76
5/19/76
5/26/76
-219,770
(13)
23,865
35,076
36,751
51,421
219,265
188,931
204,141
230,550
209,918
933
4,947
88 9
-24,847
15/
(12;
-40,316
-33,734
-38,476
-39,121
203,773
175,368
192,192
218,079
203,368
6,755
7,095
-161,651
Exchange
World
rate
j
wide 16 /
-235,716
-187,589
-205,866
-218,250
663,684
710,819
712,900
739,512
4/07/76
4/14/76
4/21/76
4/28/76
(ID
Foreign
branch
-30,975
-27,731
-33,922
212,254
2 00,281
232,988
3/03/76
3/10/76
3/17/76
3/24/76
3/31/76
(10)
United
S tates
14/
posit i o n
-32,243
-7,516
-1,912
-44,473 -117,178
-52,716 -167,054
-53,187 -149,006
-54,798 -183,279
20,415
22,357
26,424
22,321
World
wide
net
-7,396
23,459
25,819
28,833
619,211
658,103
659,713
684,714
2/04/76
2/11/76
2/18/76
2/25/76
N et
13/
Foreign
branch
net
-228,623
- 220,172
-27,493
-5,089
1,342
-1,725
1 2,300
23,794
753.58
761.04
768.34
780.03
842.46
854.34
853.61
846.74
8 37.87
837.52
838.22
835.77
835.77
138
Treasury Bulletin
F O R E I G N
Section
Table
C U R R E N C Y
VII
FCP-VII-1.
- Japanese
P O S I T I O N S
Y e n
- N o n b a n k i n g
Positions
F i r m s ’ Positions!/
(I n millions of yen)
S h o r t - t e r m trade
Short
term
de b t 2 /
Other
assets 6/
P osition
at end
of month.
L i quid
assetsU
Feb. 1976
93,329
1,004
19,779
29,528
Mar. 1976
Mar. 1976
Mar. 1976
153,402
102,803
573,285
16,772
256,205
255,064
2,009
257,073
590,057
4 42,528
20,446
4 62,974
Apr. 1976
May
1976
112,043
114,162
2,460
1,475
17,827
21,764
20,456
21,161
51,876
40,815
June 1976
June 1976
June 1976
175,643
87,920
263,563
242,233
1,733
243,966
590,258
1 9,196
6 09,454
444,957
28,236
4 73,193
375,329
45,182
420,511
J u l y 1976
67,948
1,535
23,285
3 9,939
(2)
(1)
Pay
ables
R e ceiv
ables A /
(3)
jj
(5)
(4)
Table
27,996
323,375
F or w a r d e x c h a n g e ® /
Other
liabil
ities?/
N et
Ex
change
r ate 10/
po s i t i o n ^ /
So l d
Bought
(7)
(6)
(8)
Positions
held by
offices in:
(1 0 )
(9)
9,604
58,477
84,118
7 5,327
301.98
Un i t e d States
213,682
9,987
223,669
40,928
65,425
106,353
8,270
3.71,446
299.54
299.54
299.54
Abroad
U n i t e d States
W o r l dwide
M M
68,621
74,350
101,108
98 ,961
11 6,409
11 9,844
299.04
299.99
U n i t e d States
U n i t e d States
302,044
12,445
3 1 4,489
26,635
82,523
109,158
1 0,100
90,163
100,263
168,531
102,244
270,775
297.75
297.75
297.75
A b road
United States
W orldwide
40,882
10,673
1 14,706
81,262
113,412
2 93.13
United Stat e s
FCP-VII-2.
- W e e k l y
B a n k
Positions
n j
(In milli o n s of yen)
As s e t s and liabilities 12/
Ban k s in U.S.
L iabilities
Net
Foreign
br a n c h
net
(2)
(3)
(4)
3,727
3,764
6,397
5,495
11 , 0 5 a
13,811
413,284
421,212
420,871
420,537
8,876
1 3,448
8,913
1 1,117
7 ,950
7,991
26,115
16,964
19,571
63,531
417,642
4 1 b , 376
4 1 7,596
419,735
4 1 0,378
21,766
28,661
31,988
31,266
417,840
4 3 2,818
433,096
412, 6 6 9
Date
Assets
Excha n g e
World
wide
net
contracts 13/
Ban k s in U.S.
Bought
Fore i g n
branch
ne t
N et position.
World
wide
ne t
TTnn+fMi
Uli± uCU
Statesiit/
fftS
rux cxgii
branch ,
Excha n g e
Wnr»1
w u n uAj .
raterjy
widens/
Sold
Net
(6)
(7)
(8)
(9)
(1 0 )
(11)
(13)
(14)
424,334
435,023
442,325
443,206
466,252
476,624
4 6 2,598
480,138
492,651
486,349
-13,886
-16,027
-23,751
471,815
496,059
-24,244
-395,181
-401,784
-401,665
-397,989
-409,067
-417,811
-425,416
• -422,233
-2,836
-2,216
-2,297
-1,575
18,103
19,428
19,206
22,548
15,267
17 ,'212
16,909
20,973
300.57
299.94
301.52
301.98
431,090
513,780
-20,213
-27,305
-25,009
-24,330
-68,662
-363,630
- 401,980
-400,954
-371,178
-357,370
-383,843
-429,285
-425,963
-395,508
-426,032
-6,765
-1,190
-8,045
-4,759
- 5 ,131
54,012
16,396
16,642
48,557
47,247
15,206
8,597
43,798
301.34
299.85
299.81
4 7 3,909
493,567
4 8 9,638
517,040
519,126
497,862
53,008
4 7 ,877
299.54
4 3 9,606
461,479
465,084
443,935
525,527
5 98,1C3
5 73,427
581,672
547,970
620,393
601,966
-353,036
-376,139
-377,266
-357,878
-375,479
-398,429
-405,805
-677
6,371
64,804
56,679
55,830
54,791
64,127
63,050
59,279
56,356
2 98.82
2 98.20
611,373
-22,443
-22,290
-28,539
-29,701
6 05,458
564,471
568,071
639,192
588,926
589,682
-33,734
-24,455
-21,611
-365,469
-359,815
-399,203
-384,270
76,096
84,491
584,140
611,625
-27,495
-389,194
-392,113
-1,040
2,1 6 7
-2,486
-5,769
77,136
82,324
-367,583
- 364,618
79,836
79,330
77,350
73,561
297.93
298.73
2 99.18
299.72
573,164
552,811
555,210
568,985
642,567
598,014
577,971
633,892
645,147
720,962
-24,850
-25,160
-78,682
-76,162
-78,395
-357,353
-366,119
-362,655
-358,456
-382,203
-391,279
-441,337
-434,618
-7,971
-5,769
-9,573
-5,286
-354,274
-432,669
-99
78,065
79,642
7 3,242
6 3,187
62,507
70,094
73,873
63,669
57,901
62,408
297.44
297.75
659,391
6 70,857
701,209
726,560
741,640
751,371
775,874
794,483
-356,519
-357,456
-346,238
-345,672
-438,768
-437,970
-5,333
-6,193
-3,019
-6,138
60,696
58,915
68,078
55,014
55,363
52,722
65 , ° 5 9
4 8,876
296.34
292.70
2 93. 5 6
293.38
32/
(1)
2/04/76
2 /1 1 / 7 6
14,777
17,575
27,851
21,454
22,669
(5)
2/18/76
2/25/76
2 8,164
3/03/76
3/10/76
3/17/76
3/24/76
3/31/76
22,324
35,028
28,081
27,521
71,522
4 / 07/76
4/14/76
4 / 21/76
4/28/76
26,439
38,590
42,281
41,995
4,673
9,929
10,293
10,729
5/05/76
5 /12/76
5/19/76
5 /26/76
42,931
37,234
30,110
32,613
1 0,237
10,612
10,985
10,887
32,694
26,622
19,125
21,726
442,605
442,139
447,419
4 4 3,948
475,299
468,761
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
30,055
31,022
80,331
8 1,294
88,688
13,176
1 1,631
11,222
1 0,418
10,392
16,879
19,391
69,109
70,876
78,296
435,418
445,761
435,897
421,643
416,781
452,297
465,152
505,006
492,519
4 9 5,077
7/07/76
7/14/76
7/21/76
7/28/76
87,477
86,108
84,155
74,991
10,561
11,787
12,509
13,206
76,916
7 4,321
71,646
61,785
417,215
416,371
4 1 4,316
4 94,131
490,692
485,962
462,471
Footnotes at end of Table FCP-X-3.
400,686
4 44,491
434,560
439,306
466,544
465,674
516,943
542,049
543,456
566,524
-82,249
-80,514
-74,665
-67,923
-387,579
-420,903
-413,595
3 ,449
1,565
(12)
v
301.52
299.40
2 99. 1 8
3 00.26
299.76
299.72
Section VII - Japanese Yen Positions
Table FCP-VII-3.
Consolidated
M o n t h l y
B a n k
Positions
£
is/
(In m i llions of yen)
2 .
Worldwide
End
of
month
Balance
Maturity
A s s e t s 19/
(1)
1 9 76-Feb.......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
D e m a n d / s p o t ..................................
Over 1 month-3 m o n t h s .......................
Over 3 month s - 6 mont h s . . . . . ............ .
Capital assets, l i a b i lities................
(9)
1976- M a r .......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
fa)
9
D e m a n d / s p o t . ..................................
Over 1 month-3 m o n t h s .......................
T o t a l of all m a t u r i t i e s ....................
Capital assets, l i a b i lities ....... ...... .
( )
1976—A p r .......
1 976-May.......
197 6 - J u n e ......
1 9 7 6 - J u l y......
(i)
( )
D e m a n d / s p o t ............... ...................
(4)
(5)
(6)
(7)
(8)
(9)
Over 3 m onths-6 m o n t h s ......................
Over 6 months-1 y e a r ....... ................
2
(3)
To t a l of all m a t u r i t i e s . ..................
Capital assets, l i a b i lities ................
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
D e m a n d / s p o t ............... ..................
3 days-1 m o n t h ...............................
Over 1 month-3 m o n t h s .......................
Over 3 m o nths-6 m o n t h s ......................
Over 6 months-1 y e a r ........................
Over 1 y e a r ..................................
Tot a l of all m a t u r i t i e s ....................
Capital assets, l i a b i lities................
Su m m a r y ((7) + (8)).........................
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
De m a n d/spot..................................
3 days-1 m o n t h ...............................
Over 1 month-3 m o n t h s .......................
Over 3 months-6 m o n t h s ......................
Over 6 m onths-1 y e a r ........................
Over 1 y e a r ..................................
Total of all m a t u r i t i e s ....................
Capital assets, l i a b i lities ................
(1)
(2)
Demand/ s p o t .............. .............. .
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total of all m a t u r i t i e s ....................
164,065
458,602
808,600
120,035
44,455
26,970
1,622,727
23.703
1,646,430
194,716
416,223
849,301
117,752
46,606
27,727
1,652,325
23,370
1,675,695
151,355
453,815
780,683
151,842
51,780
29,753
1,619,228
23,275
1,642,503
132,371
469,887
790,371
147,030
59,826
26,424
1,625,909
25,618
1,651,527
173,843
401,608
831,150
153,578
66,139
28,196
1,654,514
26,629
1,681,143
153,145
446,944
780,248
166,144
55,831
26,175
1,628,487
27,332
1,655,819
sheet items
Liabilities
(2)
382,106
205,364
349,392
51,564
29,004
113,979
1,131,409
25,691
1,157,100
430,079
244,042
304,659
59,746
22,801
(3)
Bought
Sold
(4)
Net
(5)
83,236
431,637
515,924
416,025
227,257
-218,041
253,238
459,208
68,471
15,451
-87,009
491,318
99,301
322,825
398,634
274,311
151,146
11,558
1,257,775
20,544
1,694,623
-1,988
489,330
-
-
1,257,775
1,694,623
105.446
338,715
366,019
283,029
104.408
417,996
494.775
412,454
275,379
38,955
-235,363
1 72,181
544,642
1 14,614
1,175,941
2 3,750
1,199,691
58,006
23,805
-86,887
476,384
-380
476,004
360,696
277,848
335,922
-209,341
225,967
447,761
53,929
21,265
111,833
1,111,493
25,151
1,136,644
97,913
30,515
-82,080
199,224
23,211
1,315,644
-
1,743,967
-
(6)
(7)
16,065
-108,812
-117,290
-141,714
-76,111
-8,986
-436,848
-436,848
-201,976
144,426
341,918
1,038
-79,281
-234,325
92,900
415.886
-71,419
-52,350
-102,631
48,061
-380
47,681
-128.756
-129,425
-76,155
-15,744
428,323
-
1,315,644
1,743,967
428,323
75,065
293,764
491,331
303,959
197,750
15,211
1,377,080
53,861
387,125
643,309
427,300
21,204
-93,361
-151,978
-1,988
52,482
-188,137
132,606
-
-
-
1,377,080
1,805,198
-428,118
77,741
400,162
2 42,226
299,646
41,408
22,498
110,735
1,116,675
25,715
1,142,390
-267,791
227,661
490,725
105,622
37,328
86,704
298,506
495,845
303,969
94,020
351,424
661,422
428,800
-7,316
-275,107
174,743
325,148
178,429
11,345
1,374,798
248,821
27,691
-52,918
-165,577
-124,831
-70,392
-16,346
1,812,178
-437,380
1,374,798
1,812,178
-437,380
411,015
220,485
327,664
67,065
24,692
115,213
1,166,134
31,708
1,197,842
-237,172
143,215
349,115
480,857
354,995
133,110
462,225
600,220
10,105
-113,110
384,877
254,773
310,944
59,096
25,246
114,494
1,149,430
31,841
1,181,271
-84,311
509,234
-97
509,137
181,123
503,486
86,513
41,447
-87,017
488,380
-5,079
483,301
-
180,233
12,602
1,521,017
487,944
233,943
27,880
1,945,322
-119,363
-132,949
-53,710
-15,278
-424,305
-
-
-
1,521,017
1,945,322
-424,305
-231,732
192,171
469,304
107,048
251,212
336,280
556,604
399,462
256,290
423,463
665,209
511,716
30,585
-88,319
4 7 9,057
-4,509
474,548
215,671
16,052
1,775,281
304,836
32,148
2,193,662
-5,078
-87,183
-108,605
-112,254
-89,165
-16,096
-418,381
-
-
-
1,775,281
2,193,662
-418,381
~
54,470
505,859
260,413
33,190
1,805,198
-123,341
-62,663
-17,979
-428,118
^1
^ 4
-73,243
-60,660
-95,995
292,783
-25,428
-32,148
-100,059
79,617
-1,876
507,735
-1,876
vo
Net
overall
posit ioij 21 /
F o reign exchange contracts 20/
Net
-19,209
-33,064
-100,657
71,854
-97
71,757
O
»
HH
§
8
3
H
a
o
Hi
hd
O
GG
HH
o
a
GO
-227,067
68,013
384,123
-46,436
-12,263
-102,295
64,075
-5,079
58,996
-236,810
104,988
360,699
-5,206
-58,580
-104,415
60,676
-4,509
56,167
vo
Treasury Bulletin
140
F O R E I G N
Section
Table
C U R R E N C Y
VIII
FCP-VIII-1.
- Swiss
P O S I T I O N S
Franc
- N o n b a n k i n g
Positions
Firms*
- 1
Positions
(In millions of Swiss francs)
F o rward exchange 8/
S h o r t - t e r m trade
Position
at end
of month
L iqu i d
assets 2/
Short
term
debt 3/
(2)
Feb. 1976
(1)
522
Mar. 1976
Mar. 1976
Mar. 1976
1,7 9 2
529
2,321
1,979
2,581
4,560
Apr. 1976
May
1976
687
662
June 1976
June 1976
June 1976
luly 1976
Receiv
ables 4/
Pay
ables 5/
(4)
(3)
102'..
O ther
assets 6/
Other
liabil
ities 7/
Bought
1,062
Un ited States
1,193
-530
-6,015
-6,545
2.5384
2.5384
2.5384
Unit e d S t ates
W o rldwide
970
1,010
443
510
-5,740
-5,821
2.5151
2.4591
United S t ates
Unit e d S tates
5,986
4,691
10,677
205
1,064
1,269
157
669
826
-377
-5,729
61,106
2.4679
2.46 7 9
2.4679
Abroad
United States
Worldwide
4,622
1,247
699
-5,466
2.4746
United States
*,147
294
1,441
4,859
595
5,4 5 4
5,922
5,06*
10,990
1,030
2,488
2 ,476
96
160
363
370
666
555
4,865
4,852
1,792
640
2,432
1,726
2,430
4,156
1,874
127
2,001
1,120
453
1,573
4,741
683
5,424
552
2,291
124
635
' ~ V 3 9
FCP-VIII-2.
(10)
(9)
208
362
570
1, 9 1 2
136
2,048
Table
P ositions
held by
offices in:
-6,123
6io
412
r ate 10/
351
243
2,666
(8)
(7)
(6)
(5)
Ex
change
N et
position
9/
Sold
- W e e k l y
163
B a n k
Positions
Abroad
11/
(In millions of Swiss francs)
As sets an d
liabilities!^/
Banks in U.S.
Net
Fo r e i g n
branch
net
Date
Assets
Liabilities
Exchange contracts
World
wide
n et
(1)
(2)
(3)
(4)
(5)
2/04/76
2/11/76
2/18/76
2/25/76
480
4 89
633
408
371
-9
-49
-2
2,569
2,123
2,024
1,891
2,560
3 /03/76
3 /10/76
3 /17/76
3/24/76
3/31/76
485
491
47
353
438
439
435
344
346
4 /07/76
311
319
320
419
82
69
86
6
2,603
2,718
2,966
4/28/76
393
38 8
406
425
5/05/76
5A2/76
5/19/76
5/26/76
331
433
431
4 76
3 89
435
367
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
7/07/76
7/14/76
7/21/76
7/28/76
W k
584
406
435
64
2,074
2,022
1,955
2,111
2,495
Banks i n U.S.
Bought
(6)
10,813
11,448
11,045
11,062
Sold
N et
(7)
(S)
(9)
11,042
11,580
11,141
11,255
M ./
(12)
(13)
-238
- 181
-98
-129
140
251
428
165
-98
-70
330
36
2‘.5920
2.5455
2.5648
2.5608
203
306
220
176
167
185
51
-2,363
-36
- 121
-169
-3 2
-171
343
144
172
2.5806
2.5800
2.5281
2.5569
2.5384
-3 4
46
140
106
311
353
284
357
353
215
2.5426
2.5202
2 .5304
2.5202
212
- 25
- 28
-232
2.4907
2.4981
2.4935
2.4673
2.4018
2.4988
2.4713
2.4845
-2,429
-1,872
-1 , 5 9 6
-1,726
-2,658
-1,861
- 2,1 3 7
- 1,862
-1, 9 4 4
-2,310
-2,035
- 2 ,020
2,004
- 1 ,692
-1,919
-2,463
-2 , 4 0 7
-2,613
-2,629
-2,579
-2,430
- 2,699
-2,704
-69
11,701
12,398
12,915
11,898
11,739
12,595
-38
-197
-248
-344
-2,366
- 2,346
- 2,316
-2,552
-2,404
-2,543
-2,564
-96
-199
-I
308
-2,986
84
-310
174
156
78
2,780
2,801
1 2,549
12,960
-316
13,173
12,580
3,291
12,744
-3,199
-2,962
-3,095
-2,797
-3,277
-3,481
-283
-490
-162
-335
-210
101
196
278
120
20
-182
2,913
3,062
12,865
13,604
13,350
12,995
13,026
3,015
3 ,046
3,126
3,022
12,882
13,268
12,675
13,527
13,087
13,596
13,053
13,864
-205
-328
-378
-337
-3,101
-2,969
-2,966
-3,008
-3,306
-3,297
- 3,344
-3,345
-157
-217
-266
-323
-134
-34
-291
-251
-218
-323
442
423
505
49’0
569
559
390
351
475
4 89
487
;3
154
15
80
72
2,747
2,647
2,898
2,982
3,219
558
529
569
534
510
418
457
520
48
111
112
14
2,967
2,935
3,014
3,008
13,163
12,242
-644
-177
-415
-282
-2,646
-2,451
-2,620
-2,862
E x change
rate ^
(11)
-116
-23
-86
-75
2,616
2,518
2,536
2,664
Footnotes at end of Table FCP-X-3.
15/
World
wide
11,245
11,024
1 1,044
11,206
2,674
2,520
2,472
2,630
12
Foreign
branch
11,129
11,001
10,958
11,131
-58
-2
64
34
-46
10)
14/
position
- 2 ,034
-2,180
2,913
52
4
(
U n ited
States
10,941
11,208
11,740
2,685
2,787
3,052
2,919
439
298
-193
Wor l d
wide
net
-83
-173
-173
14
-183
1 2 ,524
11,806
2,086
2,164
2,535
12,441
11,633
10,768
1 1,222
11,557
2,064
2,443
2,082
2,210
2,523
-229
-132
-96
Net
13/
Foreign
bra n c h
net
48
-
-294
116
-215
-190
(14)
2.4679
2.4783
2.4839
2.4913
2.4938
Section VIII - Swiss Franc Positions
Table
FCP-VIII-3.
- Consolidated
M o n t h l y
B a n k
Positions
is /
(In mi l l i o n s of Swiss francs)
3 .
Worldwide
End
of
month.
Balance sheet items
Matur i t y
Assets 19/
1
926
( )
1 9 7 6 - F e b ........
1 9 7 6 - M a r ........
1 D e m a n d / s p o t , .......... ......................
2 3 days -1 m o n t h ..............................
Over 1 m o nth-3 m o n t h s ......................
Over 3 months -6 m o n t h s .....................
O ver 6 months-1 y e a r .......................
6
( )
( )
(3)
(4)
(5)
( )
(7)
(8)
(9)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1976-A p r ........
1 9 7 6 - M a y ........
1 976— J u n e .......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(1)
l i a b i l i t i e s ...............
PeTr^nd/ppot....... .........................
3 days-1 m o n t h ..............................
Over 1 months 3 m o n t h s ......................
Over 3 months-6 m o n t h s .....................
Over 6 m o nths-1 y e a r ........................
Over 1 y e a r .................................
Total of all m a t u r i t i e s . ..................
Capital assets, li a b i l i t i e s ...............
Over 1 mont h - 3 m o n t h s ......................
Over 3 months-6 m o n t h s .....................
Over 1 y e a r . . ...............................
Total of all m a t u r i t i e s ...................
Capital assets, liab i l i t i e s ...............
S u mmary ((7) + ( 8 ) ) ........................
11,320
489
11,809
301
628
2,2U7
-258
1,989
,186
-254
2,UlU
1,201*
1,191
3,515
3,297
2,058
895
525
11,481
13
-271
3,244
3,991
3,480
1,390
1,284
ll*,593
231
lU,82U
(1)
D e m a n d / s p o t .............. ...................
1,032
3,205
4,120
(4)
(5)
(6)
(7)
(8)
(9)
'610
647
-188
550
1,117
743
2,668
13,9^9
237
lit
1,013
3,078
3,801
3,689
1,413
1.269
ll*
(2)
(3)
2,260
(3)
-161
491
11,772
3,374
1,140
1,291
D e m a n d / s p o t . ................ ...............
3 days-1 m o n t h ..............................
Over 1 mont h - 3 m o n t h s ......................
Over 3 months-6 m o n t h s .....................
Over 6 m onths-1 y e a r .......................
Over 1 y e a r .................................
Total of all m a t u r i t i e s ...................
Capital assets, li a b i l i t i e s ...............
S u mmary ((7) + ( 8 ) ) ........................
(1)
2
( )
1,087
3,077
3,639
Fore i g n exchange contracts20/
Net
1,330
~ 3,386
3,118
2,141
758
548
11,281
9U5
3,162
4,037
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
197 6 - J u l y.......
Capital assets,
2,889
4,189
3,377
9 11
1,275
13,56?
231
13,798
Liabilities
,263
228
lU,U91
3,733
1,423
1,360
492
11,973
1,060
3,221
3,073
2,460
986
545
11,345
493
11,838
1,239
3,259
3,077
2,484
916
-385
-224
919
1,233
382
694
1,422
495
759
3,112
- M
2,851
-hi
-143
728
1,229
427
724
2,918
-265
2,653
Bought
(4)
3,467
5,432
7,027
4,870
2,835
1,159
24,790
24,790
Sold
Net
(5)
( )
6
3,470
5,653
7,338
6,087
2,893
1,391
26,832
26,832
-3
-221
-311
-1,217
-58
-232
- 2,042
_
- 2,042
5 651
6,3Ul
6,615
6,553
5,720
3,073
1,354
28,462
28,462
6,633
3,269
1,435
30,846
30,846
-2,384
3,961
1*,229
6,765
5,030
3,264
1,466
24,715
-
3,576
It,815
8,066
5,911
3,474
1,465
27,307
-
385
-586
-1,301
-881
-210
1
-2,592
-
24,715
27,307
-2,592
^,736
173
-1,079
- 1 ,591
- 267
- 106
-163
-3,033
6,U85
,
*
6,176
1*,909
5 A97
6,553
5,065
3,941
1,423
27,088
27,088
6,276
Net
overall
position
/
(7)
—
-164
-409
239
-100
243
396
205
-258
-53
lkk
-21*1
-961
-377
1,185
542
320
186
662
281*
-254
30
-913
-196
-8 1
-2,384
-
8,144
5,332
4,047
1,586
30,121
30,121
-3,033
398
-857
-607
541
285
760
520
-261
259
-863
962
321
561
-115
-265
-380
4,675
6,891
8,588
5,321
4,278
1,601
472
-1,820
-1,396
-499
-71
-160
3,023
31,354
31,354
-3,474
-3,474
265
-1,874
-353
750
436
601
-175
-276
-451
-54
1,043
1,249
507
761
3,299
-276
14,873
215
15,088
599
11,574
49 1
12,065
1,168
3,049
4,642
1,236
3,351
3,722
-68
-302
920
5,762
5,748
7,619
5,463
7,619
9,000
299
-1,871
-1,381
-2,173
-461
4,002
1,329
1,364
15,554
240
2,468
821
1,534
508
5,545
4,378
751
1,643
30,695
30,695
5,951
4,499
1,829
34,361
34,361
-406
-121
-186
-3,666
-3,666
1,128
387
565
-323
-254
-577
15,794
613
1 2,211
494
12,705
3,343
-254
3,089
8
HH
§
o
CJ
3
a
126
-1,222
5,147
5,071
7,192
4,822
4,207
1,441
27,880
27,880
-207
v o
21
231
O
CO
H
O
a
GO
Treasury Bulletin
142
F ORF.TCtN
Section
Table
FCP-IX-1.
c u r r e n c y
p o s i t i o n s
I X
Positions
- Sterling
- N o n b a n k i n g
_
_
-
F i r m s ’ Positions
(In niillions of pounds)
P o sition
at end
of m o n t h
Li quid
assets
2/
Short
term
d ebt
2
1
Feb. 1976
3/
Short-term trade
R e ceiv
ables
( )
( )
39
Pay
ables 5/
4/
(3)
Other
assets
£/
7
For w a r d exchange § J
Bought
Net
( )
8
(7)
( )
(
213
204
294
208
465
492
1,670
2,2 9 0
187
2,477
4,571
263
3,262
180
200
-12
3,484
495
675
572
4,834
772
1,367
281
260
294
302
224
231
510
570
3,217
248
3,465
793
50
848
44
1,714
3,252
205
3,457
Apr. 1976
May
1976
51
54
51
55
248
271
June 1976
June 1976
June 1976
863
55
918
1,572
1,636
J uly 1976
61
59
3,396
3,26$
4,362
3,642
275
3,543
4,666
246
64
296
300
Table
222
304
289
FCP-IX-2.
1,379
10)
2.0268
Un i t e d States
1.9163
1.9163
1.9163
Abroad
1.8405
1.7600
Un i t e d States
Un i t e d States
U n i t e d States
Wo r l d w i d e
-120
744
-114
880
280
843
1,123
- 147
33 9
1.7875
1.7875
1.7875
Ab r o a d
United States
W o r ldwide
67 4
81 9
-103
1.7852
Un ited States
67 8
B a n k
57
Positions
he l d b y
offices in:
688
202
245
- W e e k l y
10/
(9)
50
Mar. 1976
Mar. 1976
Mar. 1976
Ex
change
ra t e
po s i t i o n
So l d
£/
6
(5)
(4)
Oth e r
liabil
ities
/
Positions
486
W
(In millions of pounds)
As sets a nd l iabilities
Ban k s i n U.S.
Ass e t s
L i a bilities
Net
1
( )
2
(3)
(4)
Date
( )
2/04/76
2 / 11/76
2/18/76
2 / 25/76
25
34
34
38
10
9
10
3 /03/76
3/10/76
3/17/76
3/24/76
3/31/76
36
37
31
35
40
16
4/07/76
4/14/76
4/21/76
4/28/76
33
33
32
42
5/05/76
5 /12/76
5 /19/76
5 /26/76
37
38
37
34
6/02/76
6 /09/76
37
38
36
16
15
6/23/76
6/30/76
39
37
18
14
7/07/76
7 / 14/76
7/21/76
7/28/76
46
36
38
31
17
15
16
6/ 16/76
7
18
24
25
28
20
23
17
19
14
14
14
16
16
17
21
13
28
12
12
8
13
22
24
Footnotes at end of Table FCP-X-3.
26
-3
45
8
63
60
-52
-87
-29
-37
19
14
-65
46
-65
-81
25
-122
12
26
29
21
21
E x c h a n g e contracts 13/
12/
Fore i g n
br a n c h
n et
-126
-78
29
World
wi d e
n et
(5)
Ban k s in U.S.
Bought
6
( )
15
69
33
91
3,372
80
-38
3 ,609
-73
-13
4 ,166
4,082
3,554
3,513
3,470
4,110
(7)
( )
3 ,418
3,639
3,601
3,560
3,663
4,215
4,2 8 6
4,168
4,124
4,3 0 0
4,4 6 1
4,3 8 6
4,600
4 ,3 8 1
4 ,504
4,436
4,659
-49
50
4,834
4,735
4 ,8 1 6
4 ,7 0 7
4,841
4,761
4 , 879
4,753
4 ,969
5,235
5,322
-11
—
48
58
—
46
-67
-97
-100
rA
-7
1
4,895
5,213
23
-103
-I
5,324
5 ,090
5,257
29
21
22
7
-144
-51
-192
-235
-115
-3 0
-170
-228
5,311
5,492
5,400
5,447
21
Net
4,220
-17
-94
-124
-124
-207
23
14
Sold
-110
84
5,122
5 , 309
5,351
5,553
5,443
5,478
8
—
46
-85
-88
F o reign
branch
n et
(9)
50
5
35
Net position
World
wide
net
10)
(
Unit e d
Stat e s
14/
11)
(
Fo r e i g n
branch
World
wide.
/
16
15/
12)
(
(13)
4
-80
-28
-61
47
50
-53
-63
-62
43
1 07
-34
-91
-106
-70
-70
1 24
43
27
30
-79
-40
30
-40
—
46
10
-10
-6
19
-11
-20
-90
44
-54
-105
-96
64
95
114
59
67
-81
81
-
-64
16
-43
-50
-13
92
-59
124
-56
42
65
-31
-31
-45
33
27
43
8
2
-4
-2
-7
159
146
152
120
18
-
37
20
55
20
125
42
62
-34
-25
47
71
13
46
-120
-86
-26
-63
-46
-27
-29
-4
-74
101
-32
- 52
161
189
1 90
239
27
139
191
15 8
187
1 94
97
224
2 91
1 54
36
181
260
-22
2
-40
-61
-43
-31
-53
45
90
—
48
—4
(14)
2.0308
2.0310
2.0233
2.0262
2.0253
1.9183
1.9243
1.9279
1.9163
1.8660
1 . 8558
1 . 8407
1.8322
1.8255
1.8385
1.8110
1 .7750
31
1.7300
32
81
55
3
1.7705
1.7780
1 .7735
1.7875
50
46
32
56
39
6
11
32
1.8029
1 . 7784
1.7860
1.7891
84
67
65
1
16
-11
66
-29
-11
-40
-21
-24
E xchange
rate ^ j
68
Section
Table
FCP-IX-3.
I X
- Sterling
- Consolidated
Positions
M o n t h l y
B a n k
Positions
18 /
(In millions of pounds)
Worldwide
End
of
month
Ma t u r i t y
Assets 19/
(1)
1976-Feb.
1976-Mar.
1976-Apr.
1976-May.
1 9 7 6 - June.
1976-July.
D e m a n d / s p o t ..................
3 d a y s - 1 m o n t h ...............
O ver 1 m onth-3 m o n t h s .......
O ver 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r ..................
Tot a l of all m a t u r i t i e s ....
Capital assets, liabilities.
1,220
918
1,069
518
358
624
4,707
158
S u m m a r y ((7) + (8)).........
4,865
D e m a n d / s p o t ..................
3 d a y s - 1 m o n t h ...............
Over 1 month-3 m o n t h s .......
Over 3 m o nths-6 m o n t h s ......
Over 6 m onths-1 y e a r ........
Over 1 y e a r ..................
T ot a l of all m a t u r i t i e s .....
Capital assets, liabilities.
S u m m a r y ((7) + (8 ) ) .........
1,272
1,127
946
640
402
579
4,966
167
5,133
D e m a n d / s p o t ..................
3 days -1 m o n t h .........
Over 1 month-3 m o n t h s .......
Over 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r . . . ...............
T o t a l of all m a t u r i t i e s .....
C apital assets, liabilities.
S u m m a r y ((7) + ( 8)).........
1,327
999
997
730
415
620
5,088
De m a n d / s p o t..................
3 d a y & - l m o n t h ...............
O v e r 1 month-3 m o n t h s .......
Over 3 m o nths-6 m o n t h s ......
Over 6 m onths-1 y e a r ........
Over 1 y e a r . .................
T otal of all m a t u r i t i e s .....
Capital assets, liabilities.
Su m m a r y ((7) + (8)) .........
1,430
1,005
976
649
391
644
5,095
207
5,302
De m a n d / s p o t..................
3 days-1 m o n t h ...............
Over 1 month-3 m o n t h s .......
Over 3 months-6 m o n t h s ......
Over 6 m onths-1 y e a r ........
Over 1 y e a r ..................
Total of all mat u r i t i e s ....
Capital assets, liabilities.
Summ a r y ((7) + (8 ) ) .........
Demand/ s p o t . . ^ ...............
3 days-1 m o n t h ...............
Over 1 m o n t h -3 m o n t h s ......
Over 3 months-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r ..................
Total of all m a t u r i t i e s .....
C apital assets, liabilities.
Summ a r y ((7) + (8 ) ) .........
Liabilities
(2)
Net
(3)
Bought
S old
Ne t
(5)
(6)
(7)
1.278
2,192
2,933
2,059
1,212
15
119
38
-93
-1*6
68
-3 22
93
-58
1
168
9,8U2
-45
-12
106
9.830
9.830
9,842
-12
53
-441
55
35
47
351
100
15
115
1,293
2,311
2,971
1,966
1,018
254
-406
1,433
3,227
3,163
l,24l
1,485
1,246
588
348
282
5,190
182
5,372
-229
13
37
317
-14
10
-4
86
-486
-249
1,166
123
1,426
7
3,lU3
3,124
2,719
1,465
189
154
12,041
12,066
84
39
-55
-65
-35
-25
1 2 ,oia
12,066
-25
1,781
2,637
3,767
2,778
1,710
71
2,493
3,744
2,819
1,433
210
144
2 ,6 6 k
1,4 0 0
1,384
171
12,518
12.409
23
-41
-49
-39
109
12,518
12.409
109
1,223
3,003
3,677
2,844
1,500
8
164
6
175
12.479
204
12.451
-73
-48
-29
28
219
5,329
113
48
371
-15
-12
-27
1,231
3,167
3,683
2,771
1,452
12.479
12.451
28
1,356
1.090
1,035
559
418
632
5.090
222
5.312
1,245
1,859
1,034
483
401
257
5,279
196
5.475
111
1,988
-769
1
76
17
375
-189
26
-163
3,551
4,348
2,766
1,686
211
14.550
1,902
3,417
4,222
2,875
1,680
260
14.356
134
126
-109
6
-49
194
14.550
14.356
194
1,418
1,003
1,027
612
342
665
5,067
246
1,374
1,754
1,001
571
304
255
5,259
216
44
-751
26
1,949
3,347
4,459
2,829
1,595
222
14.401
1,892
3,182
4.279
3,006
1,603
277
14.239
57
165
180
-177
-8
-55
162
5.313
5.475
14.401
14.239
162
188
5,276
1,183
1,639
1,136
536
343
273
5,110
142
67
338
-102
6
-96
247
-634
-160
41
38
410
-192
30
-162
overall
position 21/
(4)
1,167
1,359
1,014
483
311
273
4,607
143
4,750
1,533
1,175
627
365
262
4,980
157
5,137
v o
Net
Foreign exchange contracts 20/
Balance sheet items
88
15
103
261
-322
-190
-42
-28
282
-39
10
-29
157
-342
-226
101
18
299
7
6
13
255
-470
3
-154
40
Xfl
342
13
-12
1
GO
o
§
197
-635
127
-33
23
326
5
26
31
101
-586
206
-136
30
355
-30
30
J*
144
T r e a s u r y B u lle tin
FORF.TflN
Section
Table
FCP-X-1.
X
C U R R E N C Y
- United
States
- N o n b a n k i n g
P H S T T T H M S
Dollar
Positions
F i r m s ’ Foreign
Abr o a d
Subsidiaries’ Positions
1/
(In m illions of United States dollars)
S h o r t - t e r m trade
Position
at end
of m onth
Liquid
a ssets
2/
Short
term
debt
/
1
2
2
Receiv
ables Lj
Forw a r d exchange
Other
a ssets
Pay
ables j>/
Other
liabili
ties
2J
6/
Bought
Sold
6
(5)
(3)
(7)
( )
4 , 777
5,102
7,475
12,343
16,966
20,594
2,355
1,396
June 1976
4,406
3,800
8,308
13,029
17,230
21,623
2,073
( )
Table
(4)
FCP-X-2.
- W e e k l y
B a n k
Foreign
Office
Positions
Net
position 2 /
8
( )
1976
Mar.
( )
8/
(9)
-7,862
912
-7,347
11/
(in millions of U n ited States dollars)
Date
Net
assets a nd
liabilities.
1
( )
12/
~
Net
exchange
contracts
2
( )
13/
—
N et
pos i t i o n
(3)
247
141
284
-40
2/04/76
2/11/76
2/18/76
2/25/76
-4,010
-3,589
-4,884
-4,140
4 ,257
3 ,730
3/03/76
3A0/76
3/17/76
3/24/76
3/31/76
- 4,156
-3,9 0 0
-4,223
-4,252
- 4,038
4,043
3,935
4,069
4,283
3,964
- 113
35
-1 5 4
31
4 / 07/76
4 / 14/76
4/21/76
4/28/76
-4,083
-3,957
-3,861
-3,984
4,261
3,943
178
-14
25
-55
5/05/76
5/12/76
5/19/76
5/26/76
-4,109
4 , 237
3,629
-3,621
-4,096
-3,702
-3,764
6/02/76
6/09/76
6/16/76
6/23/76
6/30/76
-3,759
-3,996
7/07/76
7/14/76
7/21/76
7/28/76
-3,872
-3,581
-3,547
-3,346
Footnotes at end of Table FCP-X-3.
-3,794
-3,766
5,168
4,100
3,886
3,929
4,061
3,899
3,818
3,740
3,646
3,676
-74
128
8
-35
197
54
-54
-120
3,989
-83
-7
3,914
3,553
3,585
3,409
42
-28
38
63
Section
Table
X
- United
FCP-X-3.
States
- M o n t h l y
Dollar
B a n k
Positions
Foreign
A b road
Office
Positions
is/
3.
(In millions of United States dollars)______ ___________________
Worldwide
End
of
month
Assets 19/
(1)
1976-Feb.
1976-Mar.
1976-Apr.
1976-May.
1976-June.
1976-July.
Fo reign exchange contracts 20/
Balance sheet items
Mat u r i t y
Bought
S old
Net
(5)
(6)
Liabilities
Net
(2)
(3)
(4)
-6,888
3,484
-28
3,859
-4>368
6,265
11,551
13,779
10,061
4.535
1,163
47.354
4 3.644
453
3.710
-130
-4,498
47.354
43.644
3.710
-788
8.043
14,400
8,263
13,010
14,023
11,620
4,937
1,117
54.140
13,103
10,370
4 ,760
701
50.207
-220
1,390
920
1,250
177
416
-10,132
-5,007
4,173
4,990
407
3.933
De m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 m o nth-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 m o nths-1 y e a r .......
Over 1 y e a r .................
T otal of all m a t u r i t i e s ....
Capital assets, liabilities
Su m m a r y ((7) + ( 8 ) ) ........
14,292
25,124
34,429
22,775
4,742
7,923
109,285
22y
109,514
4,064
113,653
359
114,012
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all m a t u r i t i e s ....
Capital assets, liabilities
S u mmary ((7) + ( 8 ) ) ........
13,906
26,303
34,575
22,461
5,336
23,818
32,700
31,322
18,7a
5,106
-9,912
-6,397
9,041
111,622
236
3,938
115,605
508
5,103
-3,983
-272
111,858
116,113
-4,255
54.140
50.207
3.933
D e m a n d / s p o t ..................
3 days-1 m o n t h ..............
Over 1 mo n t h - 3 m o n t h s ......
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all m a t u r i t i e s ....
Capital assets, liabilities
S u mmary ((7) + ( 8 ) ) ........
15,166
24,172
35,971
23,562
6,159
8,229
113,259
241
113,500
а , 543
33,434
33,485
19,430
5,799
4.397
118,088
380
118,468
-6,377
-9,262
2,486
4,132
360
3,832
-4,829
-139
-4,968
6,353
11,791
15,048
11,195
4.996
-38
1,023
1,578
899
205
1.044
50.427
6,391
10,768
13,470
10,296
4.791
623
46.339
4,088
50.427
46.339
4,088
De m a n d / s p o t . ................
3 days-1 m o n t h .............
Over 1 month- 3 m o n t h s ....
Over 3 months-6 m o n t h s .....
Over 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
C apital assets, liabilities
S u m m a r y ((7) + ( 8 ) ) ........
17,518
27,774
33,620
23,723
36,071
33,560
19,432
6,419
4.398
-6,205
-8,297
60
5,262
291
4 ,461
-4,428
-165
-4,593
6,516
12,847
15,045
10,566
5.536
1,095
51.605
6,679
11,718
13,219
9,922
-163
1,129
1,826
51.605
47.600
4.005
-8,453
-7,182
1,063
6,020
7,388
12,315
14,149
9,298
-237
1,544
1,211
775
5,859
631
49.640
3.943
D e m a n d / s p o t .................
3 days-1 m o n t h ..............
Over 1 month-3 m o n t h s ......
Over 3 m o nths-6 m o n t h s .....
O ver 6 months-1 y e a r .......
Over 1 y e a r .................
Total of all maturities....
Capital assets, liabilities,
S u m m a r y ((7) + (8))........
D e m a n d / s p o t .................
3 days-1 m o n t h .............. .
Over 1 month-3 m o n t h s ......
Over 3 m o nths-6 m o n t h s ......
Over 6 months-1 y e a r ........
Over 1 y e a r ..................
Total of all maturities....,
Capital assets, liabilities,
S u m m a r y ((7) + (5)).........
24,694
6,710
8,859
119,175
255
119,430
14,516
Net
overall
position 21/
21,180
31,56?
32,781
19,291
4,770
123,603
420
124,023
-6,443
1,648
3,253
3,740
230
6,607
10,645
12,654
8.790
4,238
710
5,404
658
47.600
-342
9 06
1,125
1,271
297
421
644
132
437
4.005
(7)
-7,230
-5,537
2,773
4,755
269
4,312
-658
-130
5,519
-50
-272
-322
-6,415
-8,239
4,064
5,031
565
4,253
-741
-139
423
4,898
-423
-165
-588
27,531
34,724
25,946
7,481
8,460
118,658
264
118,922
745
4,035
-3,772
7 ’151
13,859
15,360
10,073
5,989
1,151
53.583
-141
-3,913
53.583
49.640
3.943
2,274
6,795
875
4,555
171
-141
30
15,312
24,904
21,643
35,609
-6,331
-10,705
7,632
12,800
7,406
11,735
226
1,065
-6,105
-9,640
14,324
9.996
5,748
1,241
51.741
13,703
9,066
5,428
51.741
36,781
34,043
2,738
25,052
7,498
8,896
118,443
275
118,718
19,039
б,647
4,762
121,743
391
122,134
6,013
851
4,134
-3,300
-116
-3,416
520
o
HH
§
o
a
s
M
2
-6,368
-7,168
1,886
5,906
22,969
34,713
33,661
19,926
6,736
4,425
122,430
405
122,835
130
v o
-8,690
-5,638
621
3,359
715
48.053
930
320
526
3,688
48.053
3,688
6,943
1,171
4,660
388
-116
272
o
GO
146
Treasury Bulletin
^ F O R E I G N
C U R R E N C Y
P O S I T I O N S -
Footnotes
SECTION I
1/
W o r l dwide ne t positions o n the last business day o f the
6/
A ll current
assets o t h e r than liquid assets and short
calendar quarter o f n o n banking business concerns in the
t e r m trade receivables, a nd financial asse t s mat u r i n g in
United States and their foreign branches and majority-
m ore
owned
i n tracompany
partnerships
receivables and
or
discounted
and
subsidiaries.
Excludes
maturity,
U.S.
parent
one
y ear
fr o m
accounts,
and
companies*
stocks,
bonds,
report
a n d o t h e r securities.
(plant
fixed
ma j o r i ty-owned foreign subsidiaries
(plant
and
equipment)
and
capitalized
date.
equipment)
Includes
prepayments,
long
l o n g -term intracompany claims,
investment in their majority-owned foreign subsidiaries,
asse t s
and
the
inventories,
t e r m trade receivables,
installment paper w h ich have been sold
before
than
a nd
parents*
F i x e d assets
investment
in
a re excluded.
leases for plant and equipment.
7/
2/
Fore i g n
branches
a nd
m a jority-owned
partnerships
A ll financial liabilities o t h e r than s h o rt-term debt and
s h o rt-term trade payables; includes l o n g -term trade pa y
and
ables;
subsidiaries only.
i n tracompany liabilities,
liabilities
3/
Weekly
w o r l dwide
institutions
branches
in
a nd
net
the
positions
United
of
States,
majority-owned
and
banking
repo r t date.
their
foreign
excluded.
banks
and
foreign
matur i n g
in
mo r e
accr u e d expenses,
than
one
y ear
from
and
the
C a p italized plan t an d e q uipment leases are
subsidiaries.
8/
E x cl udes capital assets and liabilities.
O u t s t anding amounts o f foreign exchange w h i c h h ave been
contracted
4/
For e i g n branches and m a jority-owned subsidiaries only.
5/
M o n t h l y w o r l dwide n e t positions including capital assets
to
be
r e ceived o r
delivered
in the future.
E xclu d e s spot exchange.
9/
Columns
(1),(3),(5),
a nd
(7)
less columns
(2),(4),(6),
a nd (8).
a nd liabilities o n the last business day o f the m o nth o f
banks and banking institutions in the United States and
10/
Represen t a t i v e
rates
on
the
report
date.
Canadian
their foreign branches and m a jority-owned subsidiaries.
dollar and United K i n g d o m pou n d rates are e xpressed in
U.S. dollars per unit o f foreign currency, a ll ot h e r s in
6/
F o reign branches and majority-owned subsidiaries only.
foreign units per U.S. dollar.
S E CTIONS II T H ROUGH X
11/
Ban k s a nd banking institutions in the U n ited States and
their foreign branches and m a j o rity-owned subsidiaries.
1/
Positions o f n onba n k i n g business concerns in the United
In
S t ates
sidiaries only.
and
their
foreign
branches
partnerships and subsidiaries.
and
m a jority-owned
section X,
foreign branches a nd m a j o r i ty-owned sub
In section X, positions
12/
Excludes capital a s sets an d liabilities.
13/
Includes b oth spot and forward exchange contracts.
14/
S u m o f columns (3) a nd (8).
15/
S u m o f columns (4) and (9).
16/
S u m o f columns (5) a nd (10).
17/
S ee footnote 10.
18/
S ee footnote 11.
o f foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled
tracts,
as
deposits,
spot
we l l
foreign exchange purchase con
as
currency,
negoti a b l e a nd
oth e r
demand
r e adily
a nd
time
transferable
financial instruments m aturing in on e year o r less from
the
report
other
date,
parties
a ccounts
a nd
intracompany claims a nd loans
repayable
receivable,
on
a nd
demand.
unaccepted
Other
trade
to
loans,
drafts
are
excluded.
19/
3/
Includes
unsettled
contracts,
spot
intracompany
foreign
exchange
liabilities, oth e r
m a t u r i t y o r the nea r e s t call date, w h i chever is earlier,
s hort-term
a nd floating-rate loans b y time rema i n i n g to the nearest
trade payables, s hort-term borrowings due in o n e year or
less
f**om the report date,
long - t e r m
debt.
O ther
F i x e d-rate loans are reported by time r e m aining to final
sales
in t e rest-fixing date.
and the current portion o f
loans,
a c crued
expenses
and
20/
O p tion
forward exchange contracts are repor t e d b y time
re m a ining to the n e arest opti o n exercise date.
a c counts payable are excluded.
21/ Sumof columns (3) and (6),
4/
D ue
in
one
receivables.
y ear
or
less;
includes
intracompany
trade
R e ceivables and installment paper sold or
d i s counted before ma t u r i t y are excluded.
5/
D ue
in
one
payables.
year
or
less;
includes
intr acompany
trade
April 1 9 7 7
147
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Government Corporations and Other Activities
Treasury
Department
December
20,
Treasury
Fiscal
186)
1972,
require
and
Circular
volume
i,
Requirements
Government
No.
part
Manual
agencies
V66,
2,
Revised,
4100
required
of
the
Letter
No.
only.
business-tyoe
fi
chapter
submit
are
retained
(Transmittal
to
d*iu?'l
The
nancial statements and related
information
to
the
U.S.
for
Government.
pursuant
to
use
The
the
in
compiling
circular
authority
:ma
of
financial
originally
Section
314
of
reports
issued
the
of
’n
Procedures
quires
Secretary
Act
of
1950
(31
U.S.C.
of*
the
Treasury
to
f * n'm'* I a 1 o p e r a t i o n s
of
the
U.S.
Statements
for
statements of financial
budget
66b)
prepare
appear in Section
semiannually.
The
first
of
income
business-type
condition
for
and
activities
I, T a b l e G A - I - 1
business-type
and are published
statements
published
the
revised
of
financial
condition
under
circular
w e r e as of
December
31,
and
which
applied to business-type
activities
only,
and
appeared
re
report:;
the
May
1973
issue
of the Bulletin.
Statements
of
finan
annually by nonbusiness-type
activ
on
cial
the
required
trie
in
the
activities.
are
1 9 %
1972,
Accounting
all
Department
activities
of the Treasury
for
earnings
condition
submitted
Government.
ities
were
published
together
with business-type
activities
D e p a r t m e n t C i r c u l a r No. 966, R e v i s e d , r e q u i r e s s u b m i s s i o n
in
of
semiannual
financial
statements
by
all
Government
Section
Bulletin.
rations
specifically
Control
Act,
subject
to
the
Government
amended
(31
U.S.C.
846,
856)
and
and
under
mixed-ownership
the
provisions
operating as revo l v i n g
of
corporations
the
act,
funds.
and
to
report
in
the
January
1974
issue
ontheagenci.es'
statements
condition and held
b y the agencies,
and
insured b y the
of
of
the
finan
loans
agencies are reported on a
guaranteed
quarterly basis.
subsequently brought
all
other
The
first
was
as of M a r c h
quarterly
table on this
Federal
credit
data,
which
activities
31,
1973,
appeared
in
Section
issue
the
III,
Table
GA-
Other business-type activities
III-2
required
GA-I-1
shown
any wholly
and
owned
Table
Loans
Corporation
cial
as
I,
corpo
semiannually include activities
and
in
the
August
1973
of
Bulletin.
The
first
agen
semiannual
statements
of
income
and
retained
earnings
sub
cies whose operations, services, or functions are largely selfmitted
liquidating
whose
or
primarily
activities
inventories,
result
of
a
in the
revenue-producing
accumulation
of
nature
under
activities, w h i c h are of a
1,
1972,
through
are
required
to
report
on
of
financial
an
I,
Table
GA-I-2
basic
kinds
annual
statements
by
D e p a r t m e n t C i r c u l a r No. 966, R evised;
in
the
Bulletin.
the
period
1972,
and
appeared
in
July
Section
in
the
June
1973
issue of the
Bulletin.
All
funds
they
shown in the
are
public
statements are noted
enterprise
funds,
to
indicate
intragovernmental
basis.
are
called
for
noted.
or
trust
Direct
revolving
sales
and
funds;
and
repurchases
trust
of
loans
funds
are
and they are published
on
Treasury
31,
for
nonbusiness-type
funds,
Two
December
were
Reg
whether
nature,
circular
substantial
investments, and other recoverable assets.
governmental
revised
or
revolving
ular
the
Statements of financial
condition
a
monthly
basis
in
Section
II,
Table
GA-II-1.
are
also
published
Treasury Bulletin
148
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T a ble
GA-I-2.
Corporations
- Statements
July
1, 1 9 7 5
of
through
a n d
O t h e r
I n c o m e
a n d
September
B u s i n e s s - T y p e
R e t a i n e d
30,
Activities
E a r nings
1976
(In thousands o f dollars)
Legislative
Branch
Funds appropriated t o th e President
Ap p a l a c h i a n regional
development programs
A p p a l a c h i a n housing fund
A c count
Memo:
Total 1/
G overnment
Printing
Office (IR)
Executive
(EE)
Funds
transferred
to others
Expansion
of defense
p r o duction
Memo:
Funds
t ransferred
t o others
International security assistance
Liqu i d a t i o n
of for e i g n
military
sales fu n d (PE)
F oreign
mil i t a r y
credit
sales
INCOME A N D E X PENSE
Income:
_
_
_
_
-
-
7 , 560,354
6.117.949
-
-
-
-
-
-
60,563,343
582,481
-
39,839,487
504,480
“
-
1,379,001
495,549
1,940,462
_
_
_
_
-
_
_
_
_
-
-
-
-
-
-
39,916
2,539
_
_
10
_
_
_
_
_
_
_
_
_
_
-
1,020
328
-
-
-
S a l e s of g o o d s ..................................
S a l e s of s e r v i c e s ...............................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
27,418,791
1 7,048,754
2,417,496
T o t a l i n c o m e ....................................
54,941
527,541
-
_
-
3,322
4,731
74,015
_
-
3,322
78,746
-
-
-
Expense:
Cost o f g oods s o l d ........................... .
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
O t h e r expenses:
A d m i n i s t r a t i v e ................................
De p r e c i a t i o n ..................................
Oth e r op e r a t i n g e x p e n s e s ....................
O t h e r ........ .................................
1,345,436
T o t a l e x p e n s e .................................
59,753,006
546,935
1,020
338
-
-
-
Income or expenses (-) be f o r e e x t r a o r d i n a r y
i t e m s ..............................................
810,337
35,546
-1,020
-338
-
3,322
78,746
G a i n or l o s s (-) o n disp o s i t i o n o f assets...
O t h e r .............................................
-4,048
110,042
12
_
_
_
_
_
_
T o t a l e x t r a o r d i n a r y income a nd e x pense
(-)..
105,994
12
-
N e t income o r e x pense (-) bef o r e distribution.
916,332
3 5,5 5 8
-1,020
-22,004,297r
916,332
3 ,143,119
53,903
3 5 ,558
-8,650
-997r
-1,020
-61,975
-3,201 , 8 4 0
-16,637
-
-21,208,661
64,175
-2,017
807,253
6,297,403
7 , 6 4 8,414
_
E x t r a o r d i n a r y income and e x pense (-):
_
_
-
-
-
-338
-
3,322
78,7 4 6
_
-1,550
-338
58
29,228
3,322
7 8,746
AN A L Y S I S O F C H ANGE IN R E T A I N E D E A RNINGS
Op e n i n g b a l a n c e ...................................
N e t income o r expense ( - ) ........................
A d j u s t m e n t s f o r p rior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
C l o s i n g b a l a n c e ...................................
Footnotes at end of Section.
_
_
-1,887
_
_
_
58
_
32,551
-78,746 2 /
_
April 1977
149
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T able
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Funds appropriated to the President - Continued
A g e n c y for International Development
International
s ecurity
assistance C o n t inued
A ccount
Military
programs
- Israel
m c c m
A c q u i sition
of p r operty
revolving
fund (IR)
Alliance for
Progress
loan fund
(PE)
Development
lo a n fund
(PE)
D evelopment
loan fund
liquidation
account (PE)
Housing
guaranty
fund
(EE)
C o mmon defense,
economic, and
triangular
trade loans
A N D .EXPENSE
Income:
_
2,682
_
_
_
2,633
-
_
-
_
-
67,570
10
139,953
_
5,316
67,580
-
1,759
-
-
S a l e s of g o o d s ..................................
S a l e s of s e r v i c e s ..............................
Insurance and guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
33, 147
_
_
T o t a l i n c o m e ....................................
33,147
-
-
-
_
_
_
_
-
26,854
1,812
4,773
_
53,801
125
139,953
2 8,666
4,773
53,926
-
-
-
-
-
-
-
-
-
-
_
_
_
_
_
_
_
-319
2,318
627
-
97,071
Expense:
Cost o f goods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s ....................
O t h e r ..........................................
3,779
719
_
_
2,684
-
_
T o t a l e x p e n s e .................................
-
5,161
-319
2,318
627
3,779
97,071
Income o r expenses (-) be f o r e e x t r a o rdinary
i t e m s ..............................................
33,147
154
67,899
137,636
28,039
994
-43,146
_
_
-
_
-662
_
-
-
-662
-
137,636
28,039
332
-43,146
651,705
28,039
_
50,424
332
-816
-674,821
-43,146
E x t r a o r d i n a r y income and expense (-):
G a i n or lo s s (-) o n d i s p o sition o f assets...
O t h e r .............................................
_
.
_
-30
T o t a l extra o r d i n a r y income a n d expense
(-)..
-
-30
N e t income o r expense (-) be f o r e distribution.
33,147
124
67,899
2,766
160,343
67,899
455,446
137,636
■*
_
-
ANALYSIS. 0F_ CHANGE IN R E T A I N E D EARNINGS
O p e n i n g b a l a n c e ............ .......................
Net income or expense ( -)........................
A d j u s t m e n t s f or prior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
C l o s i n g b a l a n c e ...................................
Footnotes at end of Section.
33,147
_
-33,147 2 /
-
124
-90
_
_
_
_
_
_
-
-
-
-
-
-
2,801
228,242
593,082
679,744
49,940
-717,967
Treasury Bulletin
250
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T a ble
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
E a rnings
1976— Co n t i n u e d
(In thousands o f dollars)
Funds appropriated to th e President - Continued
Ag r i c u l t u r e Department
Agency for International Development - Continued
For e i g n
currency
loans
Acc o u n t
Private
enterprises
Loans of
p redecessor
agencies in
li q u i dation
Inter-American
Found a t i o n
(PE)
Other
loans
O v erseas
Private
Investment
Corpo r a t i o n
(EE)
Fede r a l
Cr o p
Insurance
Corp o r a t i o n
Comm o d i t y
Credit
C o r poration
(HE)
(PE) 5 J
y
2/
Income:
Sa l e s of g o o d s ..................................
S a l e s of s e r v i c e s ...............................
Insurance a nd g uarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e .....................................
To t a l i n c o m e .....................................
_
_
_
_
-
_
_
_
_
482,284
-
37,601
28,655
-
134, 2 7 8
35
73 , 3 9 0
5
10,187
35
66,257
83,582
872,016
-
-
-
-
661,317
_
_
-
-
-
12 4,491
-
-
-
-
-
_
_
_
_
6,322
26
33,333
-
47,573
98
-
68 ,434
1^340
£L7,936
42,373
1 8,121
77
9,041
42,373
18,197
-
-
9,041
_
25 5,454
Expense:
Co s t o f goo d s s o l d ..............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
-
3,2 0 1
_
-
_
-
8,129 y
O t h e r expenses:
_
_
_
_
_
_
_
11,904
4,229
1 ,058
T o t a l e x p e n s e .................................
11,904
7,4 3 0
1,058
8,906
6 ,348
1 03,107
1,266,362
Income or expen s e s (-) b e f o r e e x t r a o r d i n a r y
i t e m s ..............................................
-2,862
34,943
17,139
-8 , 8 7 0
59,909
-19 , 5 2 5
-39 4 , 3 4 6
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r o p e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
E x t r a o r d i n a r y income and expe n s e
8,906
_
6,819
(-):
G a i n or l o s s (-) o n di s p o s i t i o n o f assets...
O t h e r .............................................
_
_
_
_
To t a l e x t r a o r d i n a r y income a n d e x pense (-)..
_
-
-
-2,862
34,943
Op e n i n g b a l a n c e ...................................
N e t income o r expense ( - ) ........................
A d j u s t m e n t s f or p rior p e r i o d s ...................
Di s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
-38,909
-2,862
765, 9 2 9
34,943
-
-
-
-
- 3 6,000
-
C l o s i n g b a l a n c e ...................................
-41 . 7 7 1
800,872
140,630
-28,793
36,058
-251,135
N e t income o r expe n s e (-) be f o r e distribution.
-56
- 72
-
-
_
-
-128
-
17 , 1 3 9
-8,870
59,909
- 19,653
-39 4 , 3 4 6
123,491
17 , 1 3 9
-19,844
-8 , 8 7 0
-79
1 2 ,149
59,909
- 2 31,482
-19,653
A N A L Y S I S O F CH A N G E IN R E T A I N E D E A RNINGS
Footnotes at end of Section.
_
_
_
_
_
_
- 3, 8 4 1 , 2 0 1
-39 4 , 3 4 6
2,716,7762/
_
-1,518,772
151
April 1977
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Agriculture D epartment - Continued
Farmers Home A d m i n i stration
Comm o d i t y
Credit
Co r p o rationContinued
Account
Memo:
Agricultural
credit
insurance
fund (PE)
Rural
development
insurance
f u n d (PE)
Rur a l
h o using
insurance
fund (PE)
S elf - h e l p
housing land
development
fund (PE)
Loans,
salaries,
and
expenses
Funds
transferred
t o others
Funds
transferred
f r o m others
C omm u n i t y
S e rvices
Administration
INCOME A N D EXPENSE
Income:
S a l e s o f g o o d s .................... .............
S a l e s of s e r v i c e s ..............................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
-
-
-
-
-
3 83
255,4-29
353
11
84,060
22
1 2,264
405,946
2,270
18
-
61
10
1,252
40
T o t a l i n c o m e . . . . ................................
-
-
256,164
84,093
420,480
18
70
1,292
-
-
-
-
-
-
-
-
14,811
-
14,469
-
-
-
394,287
158,235
806,113
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r op e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
1,508
*
-
15,383
11,758
100,643
-
-
81,329
4 6,650
T o t a l e x p e n s e .................................
1,508
570,415
200,188
Income o r e xpenses (-) be f o r e extra o r d i n a r y
i t e m s ..............................................
-1,508
-314,251
-116,095
Expense:
C o s t o f goods s o l d .............................
Interest expense:
T r e a s u r y bo r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
-
-
48,14.9
_
_
-
-
182
-
5,151
8,111
-
1,956
-
143,871
979
1
117,473
-3,072
1,065,096
1,161
125,584
4,036
-644,615
-1,143
-125,514
-2,743
O t h e r expenses:
E x t r a o r d i n a r y income and e x pense (-):
G a i n o r l o s s (-) o n dispo s i t i o n of assets...
O t h e r .............................................
-
-
-
_
_
_
-
-
-
-
-
-
-
T o t a l e x t r a o r d i n a r y income an d expense (-)..
-
-
-
-
-
-
-
-1,508
-314,251
-116,095
-644,615
-1,143
-125,514
-2,743
Open i n g b a l a n c e ...................................
N e t income or expense (- ) .......................
A d j u s t m e n t s f or prior p e r i o d s ...................
D i s t r i b u t i o n o f Income:
D i v i d e n d s ........................................
O t h e r .............................................
-8/
-1,508
-
-572,033
-314,251
169,214 2 /
-110,715
-116,095
25,214 2 /
-967,147
-644,615
123,161 2 /
-1,556
-1,143
-1,157,929
-125,514
•
-57,461
-2,743
C l o s i n g b a l a n c e ...................................
N e t income o r expense
(-) be f o r e distribution.
RET A I N E D
Footnotes at end of Section.
earn^ gs
_
_
_
_
_
-
-
-
-
-
-
-
-1,508
-717,070
-201,595
-1,488,601
-2,699
-1,283,443
-60,205
152
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUN D S.
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
Re t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Agricu l t u r e Department - Continued
A g ricu ltural
Forest
Departmental
Agricu l t u r a l
S t a b ilization
Service
management
M ark e t i n g
and Conser
Service
v a t i o n Service
Office of the
Ac count
Funds
transferred
f r o m others
Commodity
C redit
C o r poration (PE
I
Commerce D epartment
General
administrat ion
Econo m i c
D e v elopment
Admi n i s t r a t ion
N a tional Oceanic
and A tmospheric
A d m i nistration
Secretary
M i l k market
orders
assessment
fund (TR)
W ork i n g
capital
fund (IR)
Wor k i n g
capital
fund (IR)
Working
capital
fund(lR)
E cono m i c
development
r evolving
fund (PE)
Offshore
shrimp
fisheries
fund (PE)
^ ^ M D J X raNSE
Income:
S a l e s o f g o o d s .....................
S a l e s o f s e r v i c e s ..................
Insurance a nd guarantee premiums.
Interest i n c o m e ....................
O t h e r i n c o m e .......................
1 ,139
2 8,318
9,173
T o t a l income.
2 9,456
68,976
8,571
51,231
46,545
46,545
23,967
23,967
569
31,572
10
213
32,152
213
Expense:
C o s t o f g oods sold.
36,070
16,955
Interest expense:
T r e a s u r y borrowings.
Federal securities..
O t h e r ................
29,084 IQ/
O t h e r expenses:
Ad m i n i s t r a t i v e ............
D e p r e c i a t i o n ..............
Oth e r oper a t i n g expenses.
O t h e r ......................
1,508
T o t a l expense.
1,508
27,435
58,572
-1,508
2,021
10,4 0 4
27,435
5,449
10,298
29,651
461
15,469
722
1,481
9,102
45,581
23,573
38,186
722
964
394
-6,034
-509
6,754
Income or e xpenses (-) be f o r e e x t r a o r d i n a r y
i t e m s ...........................................
4,9 1 4
223
E x t r a o r d i n a r y income and e x pense (-):
G a i n or l o s s (-) o n d i s p o sition o f assets..
O t h e r ............................................
T o t a l ex t r a o r d i n a r y income an d expense
-6
(-)..
N e t income o r e x pense (-) b e f o r e distribution,
-1 , 5 0 8
-4
-6
2,021
10,404
960
388
-6,034
-509
15,461
2,021
1 8,720
10,4 0 4
303
727
960
944
388
-5 8 , 4 5 6
-6,034
-256
-509
1,332
-64,490
-765
ANA L Y S I S O F C H ANGE IN R E T A I N E D E ARNINGS
Ope n i n g b a l a n c e ................
N e t income o r expense ( - ) .....
A d j u s t m e n t s f o r p rior periods.
D i s t r i b u t i o n o f income:
D i v i d e n d s .....................
O t h e r ..........................
C l o s i n g balance.
Footnotes at end of Section.
■8/
-1,508
-1,508
29,427
47
A p r il 1 9 7 7
153
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T able
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Commerce Department - Continued
Natio n a l Oceanic and A tmospheric
Admi n i s t r a t i o n - Continued
Account
Fisheries
l oan
fund (PE)
F i s h e r m e n 's
guaranty
fund (PE)
Marit i m e Adm i n i s t r a t i o n
Federal ship
financing
fund, fishing
vessels (PE)
Vessel
operations
r evolving
fund (PE)
War-r i s k
insurance
revolving
fund (PE)
Federal ship
financing fund,
revolving
fund (PE)
General
funds
INCOME A N D EXPENSE
Income:
S a l e s o f g o o d s ..................................
S a l e s of s e r v i c e s ..............................
Insurance and guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
To t a l i n c o m e ....................................
_
_
_
227
-
_
573
_
-
-
_
-
160
99
54
_
_
545
_
-
-
12,475
-
-
3
1 8 ,564
6,583
-
532
6,926
25,150
19,934
4,644
*
227
573
259
54
545
-
-
-
-
-
-
_
Expense:
C ost o f goods s o l d .............................
Interest e x p e n s e :
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s...........................
O t h e r ..........................................
-
_
_
_
_
_
_
_
_
-
-
-
-
-
-
32
_
_
4,003
_
O t h e r expenses:
_
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s ....................
O t h e r ..........................................
_
_
_
-
704
-
-
1
42
-
35,465
268,740
36,651
401,883
T o t a l e x p e n s e .................................
-
736
-
187
44
4,003
747,383
Income o r expenses (-) befo r e e x t r aordinary
i t e m s ..............................................
227
-163
259
-1 3 4
502
21,147
-727, 4 4 9
187
-
E x t r a o r d i n a r y income and expense (-):
G a i n or lo s s (-) o n d i s position of assets...
O t h e r ............................................
-747
T o t a l extra o r d i n a r y income and expense
(-)..
-747
(-) befo r e distribution.
-520
O pe n i n g b a l a n c e ....................... ...........
Ne t income or expense ( -) .......................
Adju s t m e n t s f or p rior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s .......................... .............
O t h e r .........................................
-5,022
-520
C l o s i n g b a l a n c e ...................................
-5.566
N e t income o r expense
_
_
-
_
-
-
-
-
-1 3 4
502
21,147
-727, 4 4 9
16,556
- 134
-68
6,412
502
67,092
21,147
-7,771,076
-72 7 , 4 4 9
- 6,382
_
-
_
-
-163
2 59
-1,765
-163
1
1,368
259
_
_
ANA L Y S I S O F C H A N G E IN R E T A I N E D EARNINGS
Footnotes at end of Section.
-24
_
_
-1 , 9 2 7
_
1,628
_
16,355
_
_
-
6,913
_
_
-
88,239
_
- 8,504,907
154
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Ac count
Commerce
DepartmentCont inued
Def e n s e Department
S c ie nce and
T echnical
Research
A i r Force D epartment
B u r e a u of
Sta ndards
Military
Defense
production
guarantees
(PE)
Army
Department
Surc h a r g e
collections,
sales of
c o m missary
stores (TR)
Industrial
fu n d (IR)
Stock
f und (IR)
1,887,442
1,187,123
-
5,882,459
-
-
_
_
-
-
-
254
-
-
-
32,367
52,053
*
-
178,331
-
3 ,074,565
5,882,459
32,367
52,053
*
-
-
2 ,991,263
5,430,660
-
-
-
_
_
_
_
_
_
-
-
-
-
1
_
_
Working
capital
f und (IR)
Cadet
fu n d (IR)
D e fense
pr o duction
guarantees
(PE)
«QMB, m L E K R S S k
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ...............................
Insurance an d g uarantee p r e m i u m s .............
Interest i n c o m e .................................
T o t a l i n c o m e .....................................
2,4 5 6
175,620
-
_
-
-
Expense:
C ost o f goods s o l d ..............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
_
_
-
-
-
9 9,999
3,650
_
*
_
-
_
_
73,930
-
T o t a l e x p e n s e .................................
Income o r e xpenses (-) b e f o r e e x t r a o r d i n a r y
i t e m s ..............................................
_
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r op e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
_
_
_
_
_
_
_
-
31 ,307
22,3 0 6
33,339
-
4 0,6 1 8
-
177,579
*
2,991,263
5,484,274
33,339
40,618
1
752
_*
83,302
398,184
-972
11,435
-1
-
-
-
-
E x t r a o r d i n a r y income and e x pense (-):
G a i n or l o s s (-) o n disp o s i t i o n o f assets...
O t h e r .............................................
-215
T o t a l e x t r a o r d i n a r y income a n d e x pense (-)..
-215
_
-
537
_■*
83,302
-1,347
537
1,790
-*
-42,003
83,302
3 ,498
1,790
44,798
Ne t income o r e x pense (-) be f o r e distribution.
_
_
_
-
-
-
-
-
-
398,184
-972
11,435
-1
352,146
398,184
1,307
-972
31,140
11,435
-995
2,403
-1
-
ANA L Y S I S O F CH A N G E IN R E T A I N E D EARNI N G S
Open i n g b a l a n c e ...................................
N et income or e x pense ( - ) ........................
A d j u s t m e n t s f or p rior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s . .......................................
O t h e r .............................................
Cl o s i n g b a l a n c e ...................................
Footnotes at end of Section.
_
_
-810
_
_
-
_
750,330
_
335
_
4 1 ,580
_
2,402
April 1977
155
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Defense D epartment - Continued
M i l i t a r y - Continued
A r m y Department - Continued
N a v y Department
Account
I ndustrial
fund (IR)
S t ock
fund (IR)
Surcharge
collections,
sales of
commissary
stores (TR)
Defense
p r o d uction
guarantees
(EE)
Industrial
fund (IR)
L a undry
service,
Ijjav^l A c a d e m y
Stock
fund
(IR)
Income:
_
_
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ............ ..................
Insurance and guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
840,729
1,636,641
-
4,703,873
-
45,569
21
-
7,251,023
-
-
3 , 0 3 6,290
2 ,140,332
T o t a l i n c o m e ....................................
2,477,370
4,703,873
45,569
21
7,251,023
1,925
5,176,622
2,486,283
4,137,522
-
-
7,162,896
1,093
2,986,161
1,925
-
-
Expense:
C ost o f g oods s o l d .............................
Interest expense:
Tr e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
_
-
-
_
_
_
_
_
_
_
-
-
-
-
-
-
-
-
_
_
2
-
_
110
-
-
-
48 4
135
687,683
1,360,882
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
Ot h e r op e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
-
-
-
_
-
74,327
-6 1,956
36,543
-
T o t a l e x p e n s e .................................
2,486,283
4,149,893
36,543
2
7,162,896
1,822
5,034,726
Income o r expenses (-) b e fore extr a o r d i n a r y
i t e m s ..............................................
-8,913
553,979
9,027
19
88,127
103
141,896
G a i n or l o s s (-) o n d i s position o f assets...
O t h e r .............. ..............................
_
_
_
_
_
_
_
-
-
-
-
-
-
-
T o t a l extra o r d i n a r y income an d expense (-)..
-
-
-
-
-
-
-
N e t income o r expense (-) befo r e distribution.
-8,913
553,979
9,027
19
88,127
103
1 41,896
13,183
9,027
_
6,110
19
-
20,2 7 4
88,127
12,019
1 84
103
_
129,345
1 41,896
_
_
E x t r a o r d i n a r y income and expense (-):
ANA L Y S I S O F CH ANGE IN R E T A I N E D EARNINGS
Ope n i n g b a l a n c e ...................................
N e t income o r expense ( - ) .......................
A d j u s t m e n t s f or prior p e r i o d s ...................
Di s t r i b u t i o n o f income:
D i v i d e n d s .......................... .............
O t h e r .............................................
4,184
-8,913
_
- 2 , 757,339
553,979
_
-3,815
-
_
_
_
_
_
-
-
-
-
-
-
Cl o s i n g b a l a n c e ...................................
-8 , 5 4 4
- 2,20 3 , 3 6 0
22,210
6,129
1 2 0 ,4 2 0
288
271,241
Footnotes at end of Section.
Treasury Bulletin
156
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T a ble
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Defense Department - Continued
M i l i t a r y - Continued
Civil
N a v y Department - Continued
D e fense agencies
A r m y Department
M a r i n e Corps
U.S. N a v a l
A c count
Defense
industrial
fund (IR)
Academy
Industrial
S t ock
fund (IR)
fund
(IR)
M i d s h i p m e n ’s
store (TR)
H o m eowners
assistance
fund (PE)
D efe n s e
stock
fund (IR)
Corps of
Engineers
(IR)
11/
INCOME. A N D PXFENSJ?
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ............ ..................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
T o t a l i n c o m e ....................................
33,263
7,8 6 4
-
a
253 , 7 3 9
-
8,695
-
116,391
65
-
4,649
-
6,816,428
-
1,103,572
-
-
-
-
123
-
-
-
30, 2 1 6
253, 7 3 9
8,818
116,456
4 ,649
6,816,428
1,133,788
234,907
6,64 8
23,706
5,226
5,666,738
1,083,504
,127
-
-
Expense:
C ost o f goods s o l d .............................
40,822
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ..................... .
O t h e r ..........................................
_
_
_
_
_
_
-
-
-
-
-
-
-
-
-
-
-
_
_
-
_
_
859
_
-
_
-
95,059
110
3,533
-
410,292
35,486
22,648
1,826
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
-
-
-
1,467
23
69
222
T o t a l e x p e n s e .................................
40,822
235,223
8,429
119,734
8,759
6,112,516
1,107,978
Income or expenses (-) be f o r e e x t r a o r d i n a r y
i t e m s ..............................................
305
18,517
3 89
-3 ,278
-4,111
703,912
25,811
G a i n or l o s s (-) o n di s p o s i t i o n o f assets...
O t h e r .............................................
-
-
-
-
-
-
-
T o t a l e x t r a o r d i n a r y income an d expense
(-)..
-
-
*
-
-
-
-
Ne t income o r e x pense (-) befo r e distribution.
305
18,517
390
-3,278
-4,111
7 03,912
25,811
-30,369
-4,111
809,513
703,912
110,431
25,811
O th e r op e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
315
-
E x t r a o r d i n a r y income and e x pense (-):
_
*
_
M A L Y S J S O F Q H ANGE JN R E T A I N E D EARNINGS
Ope n i n g b a l a n c e ...................................
N e t income or expense ( -)........................
A d j u s t m e n t s f or pri o r p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r ......................................... .
1 19
305
C l o s i n g b a l a n c e ...................................
424
Footnotes at end of Section.
_
_
-
-189,949r
18,517
_
2,1 9 4
390
-296
_
-8,674r
-3,278
-222
_
_
_
_
-
-
-
-
-
-
-171,432
2,288
-12 , 1 7 4
-3 4 , 4 8 0
1,513,425
136,242
April 19 77
157
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands of dollars)
Defense Department C ontinued
Health, Education, and W e lfare Department
Food and D rug
Admini s t r a t i o n
H e a l t h Services
Administrat ion
R e volving
fund for
certification
and other
services (PE)
Health
maintenance
organization
l oan guarantee
and l oan fund
(PE)
C ivil - Continued
A r m y D epartment - Continued
N ational
Institutes
of H e a l t h
Alcohol, D r u g
Ab u s e , and
Men t a l Health
Administrat ion
Health
Resources
A d ministrat ion
Account
Panama Canal
Panama
Canal
C o mpany (PE)
U nited States
S o l d i e r s ’ and
A i r m e n ’s Home
revolving
fund (TR)
Service
and
supply
fund (IR)
N a rcotic
h ospitals
Wor k i n g
capital
fund (IR)
M e dical
f acilities
g uarantee and
l o a n fund (PE)
INCOME A N D EXPENSE
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ..............................
Insurance an d guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
47,777
267,265
-
-
T o t a l i n c o m e ....................................
315,042
34,486
34 0
-
-
6,780
-
_
-
-
541
-
55,338
-
-
6
3,043
-
78,936
-
713
-
-
340
6,780
713
78,936
547
58,381
332
-
-
15,664
181
55,338
Expense:
C ost o f goods s o l d .............................
Interest expense:
T r e a s u r y bo r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
_
21 , 0 8 4
12/
-
-
_
_
_
_
_
_
-
-
-
27,542
19,993
-
_
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s ....................
O t h e r ..........................................
51,960
23,078
166,758
26,978
_
-
5,297
98
1,317
-
T o t a l e x p e n s e .................................
324,345
332
Income o r e x penses (-) be f o r e e x t r a ordinary
i t e m s ..............................................
-9,303
9
_
_
_
-
420
2 49
10
-
-
22,270
20,265
-
-
6,711
-
78,612
440
82,880
69
713
3 24
107
-24, 4 9 9
-
-
-
E x t r a o r d i n a r y income and expense (-):
_
-
_
-
_
-
-1
(-)..
-
-1
-
-
-
-
-
N e t income or expense (-) b e fore distribution.
-9,303
8
69
713
324
107
- 2 4,499
Open i n g b a l a n c e ...................................
N et income o r expense ( -)........................
Ad j u s t m e n t s f or prior p e r i o d s ...................
Dist r i b u t i o n of income:
D i v i d e n d s ........................................
O t h e r ............................................
174,687
- 9,303
6 89
19
8
2,284
69
-30
3,896
713
324
112
107
- 24, 4 9 9
-
-
C l o s i n g b a l a n c e ...................................
175,376
4,220
219
-24, 4 9 9
G a i n or lo s s (-) o n d i s position o f assets...
O t h e r .............................................
T o t a l extra o r d i n a r y income a nd expense
-
_
-
_
-
_
-
ANALY S I S O F CHANGE IN RE T A I N E D EARNINGS
Footnotes at end of Section.
9,303
_
_
-
28
_
2,323
_
713
_
_
-
_
-
-r
-
Treasury Bulletin
158
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T a b l e
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Health, Education, and W e lfare D epartment - C o n t inued
Office of
H e a l t h R e s o urces
Secretary
for H e a l t h
A c count
Health
professions
e d u cation
fund (PE)
Nurse
t r aining
f und (PE)
S er v i c e and
s upp l y fund
Hou s i n g
and Urb a n
Office of the
Development
Secretary
A d m i n istration-Continued
A s s istant
D epartment
Office of E d u c a t i o n
E d u c a t i o n Di v i s i o n
Hou s i n g
programs
S t udent
loan
insurance
f und (PE)
H igh e r
educ a t i o n
facilities
loans (PE)
Working
capital
fu n d (IR)
(IR)
Funds
t ransferred
f r o m o thers
A ppal a c h i a n
hou s i n g
f u n d (PE)
INCOME A N D EXPE N S E
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ...............................
Insurance a nd g u arantee p r e m i u m s .............
Interest i n c o m e .................................
Ot h e r i n c o m e .....................................
_
_
-
-
5,283
21,503
-
1,933
321
804
280
T o t a l i n c o m e .....................................
2,255
-
_
_
-
-
_
-
3,409
31,190
-
20,173
-
55,624
-
1,084
2 6,786
34,599
20,173
55,624
-
-
4,3 0 7
-
-
52,037
-
-
-
Expense:
C o s t o f g oods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ......................................
_
891
1 ,486 1 2 /
242
4 91 1 2 /
_
-
_
-
-
-
_
13,102
30 , 8 8 8 1 2/
_
_
_
_
-
-
O t h e r expenses:
_
_
_
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r o p e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
36
-
115
22,197
-
729
-
137,593
T o t a l e x p e n s e .................................
2 ,4 1 3
1,461
26,619
Income o r e x penses (-) be f o r e e x t r a o r d i n a r y
i t e m s ..............................................
-159
-378
1 66
_
12
-
-
-
10
-
-
-124
328
137,593
44,002
51,913
338
-102,994
-23,829
3,711
-338
U /
E x t r a o r d i n a r y income and expe n s e (-):
G a i n or l o s s (-) o n di s p o s i t i o n o f assets...
O t h e r .............................................
_
-
_
-
118,871
_
-
T o t a l e x t r a o r d i n a r y income a n d expense
-
-
-
118,871
-
-
-159
-378
166
15,877
-23,829
3,711
-338
O p e n i n g b a l a n c e ...................................
N e t income or e x pense ( - ) ...................... .
A d j u s t m e n t s f or p r i o r p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s .............. .........................
O t h e r ...................................... ......
6,715
-159
5,794
-378
582
1 66
- 25
-364,507
1 5,877
548
-23,829
23,622
9,442
3,711
1,237
-1,550
-338
-
-
-
171,165
C l o s i n g b a l a n c e ...................................
6 ,557
5,416
724
-177,465
(-)..
N e t income o r e x pense (-) be f o r e distribution.
_
-
_
_
-
_
_
-
M A k Y S J S O f QHANGE, IN JtEXAINED EARN£NGS
Footnotes at end of Section.
_
«.
_
_
-
_
_
341
15 /
-1,310
355
13,437
_
-1,887
159
April 1977
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
__________________________________ Housing and Urban Development Department - Continued
Housing programs - Continued
Account
Federal
H o using
Admi n i s t r a t i o n
r e v o lving
fund (PE)
College
ho using
loans (PE)
Low-rent
public
housing
p r ogram (PE)
Nonprofit
sponsor
assistance
(PE)
Comnrunity
disposal
o perations
fund (PE)
Rental
h o using
assistance
fund (PE)
Revo l v i n g
fund,
liquidating
programs
(PE)
INCOME A N D E X PENSE
Income:
_
_
_
S a l e s of g o o d s ..................................
S a l e s o f s e r v i c e s ....... .......................
Insurance and guarantee p r e m i u m s .............
I nterest i n c o m e .................................
O t h e r i n c o m e ....................................
571,336
149,041
4 47
124,866
1,882
5,752
101
T o t a l i n c o m e ....................................
720,824
126,748
5,852
_
-
_
-
-
-
_
_
-
-
-
-
-
-
-
303
17,754
26,999
1 ,138
303
17,754
28 , 1 3 7
_
_
-
Expense:
Co s t o f g oods s o l d .............................
_
_
Interest expense:
T r e a s u r y bo r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
3 89,439
42,622
89,719
36,043
_
_
_
_
_
_
_
_
_
_
„
_
_
_
_
_
6,554
10,230
O t h e r expenses:
A d m i n i s t r a t i v e ............ ...................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s . ...................
O t h e r ..........................................
264,952
22
25,322
1,077,933
231
827
To t a l e x p e n s e . ................................
267
385
1,800,267
126,842
267
385
Income o r expen s e s (-) bef o r e extra o r d i n a r y
i t e m s ..............................................
-1,079,444
-94
5,585
-385
G a i n or l o s s (-) o n d i s p o sition of assets...
O t h e r .............................................
-
-629
-
T o t a l ex t r a o r d i n a r y income a nd expense (-)..
-
-629
-
-1,079,444
-723
_
_
262
161,688
262
178,472
303
17,492
-150,335
-
-
-
-
-
-
-
5,585
-385
303
17,492
-150,335
- 3,966,577
5,585
-954
-385
-15,067
303
35,600
17,492
17
E x t r a o r d i n a r y income and expense (-):
N e t income o r expense (-) b e f o r e distribution.
ANA L Y S I S O F CHANGE IN R E T A I N E D EARNINGS
Op e n i n g b a l a n c e ...................................
N et income o r expense (- ) ........................
A d j u s t m e n t s f or prior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
-182,625
-1,079,444
11,388
Cl o s i n g b a l a n c e ...................................
-1,307,531
Footnotes at end of Section.
-56,850
60,678
-723
16,825 2 /
_
76,780
_
-3,960,992
_
-1,339
_
-14,764
_
53,109
-2,843,780
-150,335
3,390 2 /
_
-2,990,725
Treasury Bulletin
160
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
H o u s i n g and U r b a n Development Department - Continued
Government N ational Mortg a g e Asso c i a t i o n
Ac count
Special
assistance
functions
fu n d (PE)
Guarantees
M an a g e m e n t
of m o r t g a g e and liquidating
backed
functions
securities
f u n d (PE)
fund (PE)
New
Communities
A d ministration
C o m m u n i t y p lanning
and development
Participation
sales
f und (PE)
Rehabilitation
l o a n fund
(PE)
Urban
renewal
programs (PE)
New
c ommunities
guarantee
f und (PE)
INCOME.A^JXFE^E.
Income:
_
-
_
_
_
_
-
-
-
-
-
-
-
48,175
1,891
18,336
2 ,996
3,806
130,826
-
9,310
165
8,964
*
615
80
2,432
520,301
50,065
25,139
130,826
9,475
8,964
3,127
-
-
-
-
-
-
-
649,786
48,023
-
4,517
33,773
_
-
_
_
_
-
8,362
-
-
-
-
-
-
531
389
-
_
_
S a l e s of g o o d s ..................................
S a l e s of s e r v i c e s ...............................
Insurance and guarantee p r e m i u m s .............
I nterest i n c o m e .................................
O t h e r i n c o m e ............................. ......
495,532
24,769
T o t a l i n c o m e ....................................
-
Expense:
C ost o f goods s o l d .............................
Inter e s t expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ................... .
O t h e r ..........................................
O t h e r expenses:
_
_
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O th e r o p e r a t i n g e x p e n s e s ................... .
O t h e r . ...................................... .
_
1,743
_
900
-
270
-
13,997
663,218
1,829
790
292
4,846
130,556
-
1,909
6,059
1,461,339
1,869
-
T o t a l e x p e n s e ......... .......................
1,375,023
42,652
6,038
130,826
7 ,968
1,469,701
6,449
Income o r expen s e s (-) be f o r e ex t r a o r d i n a r y
i t e m s ..............................................
-854,722
7,413
19,102
-
1 ,507
-1,460,737
-3,322
_
_
3,661
_
E x t r a o r d i n a r y income and expense (-):
G a i n or lo s s (-) o n dispo s i t i o n o f assets...
O t h e r .............................................
_
-
_
-
-
_
-
T o t a l e x t r a o r d i n a r y income a n d e x pense (-)..
-
-
-
-854,722
7,413
19,102
96,960
27,515
19,102
N e t income o r e x pense (-) be f o r e distribution.
_
_
_
_
-
-
-
-
-
-
-
-
1 , 507
-1,460,737
-3,322
-7,287
1,507
-9,928,652
-1,460,737
12,692
-3,322
-
-
-11,389,389
9,370
A NA L Y S I S O F C H ANGE IN R E T A I N E D EARNI N G S
O p e n i n g b a l a n c e ...................................
N e t income or expense ( - ) ........................
A d j u s t m e n t s f or p rior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
Cl o s i n g b a l a n c e ..................... .............
Footnotes at end of Section.
—881,286
-854,722
8,774 16/
_
-1,727,234
7,413
-554
_
10 3 , 8 1 9
_
_
-
46,617
_
_
_
-
_
_
-
-5,780
April 1977
161
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands of dollars)
Interior Department
Housing and Urb a n Development
Department - Continued
Departmental
management
Federal Insurance
A d ministration
Account
N ational
flood
insurance
fund (PE)
Bureau
of Min e s
Bur e a u of Re c l a m a t i o n
National
insurance
development
fund (PE)
Wo rking
capital
fund (IR)
Fund for
emergency
expenses Fort Peck
project,
M o n t a n a (PE)
Upper
Colorado
Riv e r
Basin
fund (PE)
Lower
Colorado
Riv e r
Bas i n
fund (PE)
Helium
fund (PE)
INCOME A N D EXPENSjE
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s . . . ........ ..................
Insurance and guarantee p r e m i u m s .............
Interest i n c o m e ............... .................
O t h e r i n c o m e ....................................
T o t a l i n c o m e ....................................
-
-
-
73,021
30,177
-
5,948
8,211
6
38,773
-
6,993
-1,637
1 ,157
8
7,713
2,283
-
8,779
14,165
38,773
5,356
74,178
30,185
9,996
-
-
32,347
3,683
-
-
4,710
8,920
_
_
_
_
-
_
-
_
-
-
723
-
-
367
-
2,331 1 8/
591
-
27
808
5,626
-
_
_
_
187
*
2,199
32,127
1,145
-
8,779
-
-
-
Expense:
Cost o f goods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
-
-
-
14,255 1 2/
Ot h e r expenses:
_
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s ....................
O t h e r ....... ..................................
74,562
1 6,629
-
-
-
16,904
2,979
T o t a l e x p e n s e .................................
83,482
17,942
38,807
4,237
48,582
19,883
8,190
Income o r expenses (-) be f o r e e x t r aordinary
i t e m s ..............................................
-74,703
-3,778
-34
1,119
25,597
10,302
1,806
_
_
_
_
_
_
_
-
-
-
-
-
-
-
4
E x t r a o r d i n a r y income and expense (-):
G a i n or l o s s (-) o n d i s position o f assets...
O t h e r ............................................
(-)..
-
-
-
-
-
-
-
N e t income o r expense (-) be f o r e distribution.
T o t a l extra o r d i n a r y income a nd expense
-74,703
-3,778
-34
1,119
25,597
10,302
1,806
Open i n g b a l a n c e ...................................
N et income or expense ( - ) .......................
Adju s t m e n t s f or prior p e r i o d s ...................
D i s t r i b u t i o n o f income:
-111,581
-74,703
3,995
88,981
-3,778
53,315r
25,597
6,066
10,302
121,773
1,806
-429
O t h e r .............................................
A N ALYSIS O F CHANGE IN R E T A I N E D EARNINGS
C l o s i n g b a l a n c e ...................................
Footnotes at end of Section.
61
14,932r
1,119
-1,838
-34
-24
-
-
_
_
-
-
-
-
-182,288
85,203
2
14,213
_
-
'
78,912
_
-
16,368
_
-7. 0 0 0
116,150
Treasury Bulletin
162
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Interior Department - C o ntinued
B u r e a u of Indi a n Affairs
A c count
Alaska
Power
A dministration
Bonneville
Power
A d m i n i stration
South e a s t e r n
Power
Admini s t r a t i o n
S o u t h western
Power
A d m i nistration
L iqu i d a t i o n
of H o o n a h
h ous i n g
project (PE)
R e v o lving
f u n d for
l oans (PE)
Indian lo a n
g u a r a n t y and
insurance
f und (PE)
I NCOME A N D EXFEJJSjE
Income:
S a l e s of g o o d s ..................................
S a l e s o f s e r v i c e s ...............................
Insurance and g uarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e . . . .................................
_
58,857
*
64,426
62
339,915
31,692
6,964
4,790
2,532
383,360
1,272
-
4
1,945
-
44
-
58,857
64,430
4
1,945
44
-
-
-
-
-
-
_
_
_
_
_
_
_
_
_
_
-
1
635
-
-
-
53,222
312
_
8
T o t a l e x p e n s e .................................
4,517
1 59,617
6,153
56,587
8
_
_
_
-
_
_
_
-
568
5
5,579
-
1,570
117,928
34,522
7,167
Income or e x penses (-) be f o r e e x t r a o r d i n a r y
i t e m s ..............................................
-1,985
223,744
52,704
7,843
-3
T o t a l i n c o m e .....................................
-
-
_
-
4
-
-
-
_
-
2,470
Expense:
Cost o f goods s o l d .............................
Interest expense:
T r e a s u r y bo r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
_
2,737
_
_
O t h e r expenses:
A d m i n i s t r a t i v e ...............................
D e p r e c i a t i o n ..................................
O t h e r op e r a t i n g e x p e n s e s ....................
O t h e r . ..'.......................................
_
-
508
848
1,945
1,114
1,114
-1,070
E x t r a o r d i n a r y income and e x pense (-):
G a i n or l o s s (-) o n dispos i t i o n o f assets...
O t h e r ................................. ...........
_
-
_
-
_
-
_
-
_
-
_
-
_
_
-
Tot a l e x t r a o r d i n a r y income a n d e x pense (-)..
-
-
-
-
-
N e t income o r e x pense (-) be f o r e distribution.
-1,985
223,744
52,704
7 , 843
-3
1,945
-1,070
O p ening b a l a n c e ...................................
Net income o r expense ( - ) ........................
Adju s t m e n t s f or p rior p e r i o d s ...................
D ist r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r .............................................
6,611r
-1,985
1,620
39,905
223,744
128
490,109
52,704
-1
13,649
7,843
10,108
-142
-3
2,202
1,945
-150r
-1,070
_
-
-142,303
C l o s i n g b a l a n c e .................... ...............
6,246
ANALYSIS. 0 F _ CHANGE IN R E T A I N E D EARNI N G S
Footnotes at end of Section.
„
121,473
_
542,812
_
31,599
_
-146
_
4,147
_
-1,219
April 1977
163
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T able
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Interior
DepartmentContinued
Account
Secretarial
offices
Work i n g
capital
fund (IR)
Justice Department
Federal Prison Syst e m
Labor
Department
General
administrat ion
State
Department
Office of the
Secretary
Departmental
management
Federal
Prison
Industries,
Inc. (IR)
Commissary
funds,
Federal
Prisons (TR)
W o rking
capital
fund (IR)
Working
capital
fund (IR)
Transportat ion
Department
Wor k i n g
capital
fund (IR)
Wo r k i n g
capital
fund (IR)
INCOME A N D E X PENSE
Income:
Sa l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ..............................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
T o t a l i n c o m e ....................................
664
6,186
11,096
99,753
1 1,080
29,586
23.643
716
53,893
100,469
54,026
79,434
45,576
*
95
:
10 , 5 6 4
39,535
28
11,191
11,080
45,576
16,777
39,535
9,135
10,864
44,365
3,937
8,203
Expense:
C o s t o f goods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
_
_
_
_
_
_
_
-
-
-
-
-
-
-
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r op e r a t i n g e x p e n s e s ....................
O t h e r . ........................... .
-
1,232
1 ,414
197
-17
-
981
127
_
36
95
50
19
_
2,680
1,590
7,050
-
-
115
1 2,526
29
846
27,746
1,758
T o t a l e x p e n s e .................................
54,026
91,985
10,729
11,080
44,476
16,608
39,535
-133
8,484
461
_*
1,100
1 70
-
_
_
O t h e r expenses:
Income o r expenses (-) b e fore extraor d i n a r y
i t e m s ..............................................
E x t r a o r d i n a r y income and expense (-):
G a i n or l o s s (-) o n d i s p o sition o f assets...
O t h e r .............................................
_
_
*
To t a l extra o r d i n a r y income a nd expense (-)..
-
-
*
-
-80
-
-
461
_*
1,020
170
-
838
200
_
1,020
-5
170
Ne t income o r expense (-) be f o r e distribution.
-133
8,484
*
i
-80
i
A N A L Y S I S O F C H A N G E IN R E T A I N E D EARNINGS
Op ening b a l a n c e ...................................
N e t income or expense (-). . . . ............ .
A d j u s t m e n t s for prior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r . ................................. ..........
C l o s i n g b a l a n c e ...................................
Footnotes at end of Section.
338
58,588
1,837
- 133
8,484
3 04
461
1
_
206
67,377
_
_*
-31
_
2,269
_•*
_
1,853
_
_
370
_
-
Treasury Bulletin
164
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Transp o r t a t i o n D epartment - Continued
Federal
Aviation
Admini s t r a t i o n
Unit e d S t ates Coast Guard
Account
Supply
f und (IR)
Yard
fund (IR)
69,622
37,090
Cadet
f und (IR)
S u rcharge
collections,
sales of
commissary
stores (TR)
Aviation warr i s k insurance
r e v olving fund
(PE)
Federal
Railroad
Admini s t r a t i o n
Alaska
Rai l r o a d
r evolving
f u n d (PE)
Ur b a n M a s s
T r a n sportation
Administration
U r b a n mass
t r ansportation
f und (PE)
INCOME A N D E X PENSE
Income:
S a l e s o f g o o d s .................................
Sa l e s of s e r v i c e s .............................
Insurance and guarantee p r e m i u m s ............
I nterest i n c o m e ................................
O t h e r i n c o m e ...................................
224
151
19
63,709
19
1,258
1,155
63,729
2,413
4,132
3,235
53,372
14,436
236
60,739
1 4 ,436
829
2,989
-12,023
G a i n or l o s s (-) o n dispo s i t i o n o f assets..
O t h e r ............................................
-21
-1,955
-5.063
T o t a l e x t r a o r d i n a r y income an d expense
-1,976
-5,063
T o t a l i n c o m e ...................................
31
5,963
69,622
37,121
5,963
224
1,066
69,590
28,505
3,894
213
4,6 2 7
3
224
5,739
178
234
2
5,963
178
45
Expense*
C o s t o f g oods s o l d ............................
Interest expense:
T r e a s u r y b o r r o w i n g s .........................
Federal s e c u r i t i e s ..........................
O t h e r .........................................
Ot h e r e x p e n s e s :
A d m i n i s t r a t i v e ...............................
D e p r e c i a t i o n .................................
O t h e r oper a t i n g e x p e n s e s ...................
O t h e r . ........................................
T o t a l e x p e n s e ................................
69,590
37,242
Income or e x penses (-) b e fore e x t r a o r d i n a r y
i t e m s .............................................
32
-121
E x t r a o r d i n a r y income and e x pense (-):
N e t income o r e x pense
(-).
(-) be f o r e d i s tribution
32
-121
45
829
1,013
-17,085
Ope n i n g b a l a n c e ...............................
N et income o r e x pense ( - ) ...................
A d j u s t m e n t s f or p rior p e r i o d s ..............
D i s t r i b u t i o n o f income:
D i v i d e n d s ...................................
O t h e r ........................................
323
32
106
-121
106
94
45
13,748
829
-7,701
1,013
24,526
-17,085
Cl o s i n g b a l a n c e ...............................
355
91
139
14,577
-6,688
7,440
A N A L Y S I S O F CH A N G E IN R E T A I N E D E ARNINGS
Footnotes at end of Section.
April 1977
165
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
Transportat ion
Department Continued
Treasury Department
Office of the
Secretary
Account
Saint
Lawrence
S e away
Development
Corp o r a t i o n
(PE)
1
Reconstruct ioii
Finance
Corporation
loans in
liquidation
(PE)
Work i n g
capital
fund (IR)
Check
fo rgery
insurance
fund (PE)
Bu reau of Government Financial
Bure a u of
Operations
Engraving
and Printing
Miscellaneous
loans and
certain
other assets
N e w York
seasonal
financing
fund (PE)
Funds
transferred
fr o m others
Bure a u of
Expansion
of defense
production
CPE)
Engraving
an d Printing
fund
(IR)
INC O M E . A f l P J B O T S *
Income:
Sa l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ..............................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
Ot h e r i n c o m e ....................................
T o t a l i n c o m e ....................................
8,817
_
_
_
_
79
318
_
1,199
1,884
_
_
_
-
-
_
_
_
-
3,462,747
-
-
12,631
-
-
-
-
-
136,268
2,263
-
9,135
79
3,083
-
3,462,747
12,631
-
138,532
-
-
2,888
-
-
-
-
92,574
_
_
_
_
_
_
-
-
-
-
-
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r o p e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
1,187
2,133
4,114
2
_
_
70
_
_
_
-
-
-
17
T o t a l e x p e n s e .................................
7 ,434
2
2,958
17
Income o r'expenses (-) b e fore extraor d i n a r y
i t e m s ..............................................
1,701
77
125
G a i n or l o s s (-) o n d i s position o f assets...
O t h e r .............................................
-
-
T o t a l ex t r a o r d i n a r y income an d expense (-)..
-
N e t income or expense (-) befo r e distribution.
1,701
Expense:
C ost o f goods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
-
_
_
-
-
-
_
28,099
17,391
-
Ot h e r expenses:
_
_
_
_
-
-
-
-
-
-
-
-
138,065
-17
3,462,747
1 2,631
-
467
_
_
-3,326
_
_
_
-
-
-
-
-
-
-
-
-
-3,3 2 6
-
-
-
77
125
-17
3,459,421
12,631
-
467
96
125
3
- 8lr
- 17
921,928
3,459,421
E x t r a o r d i n a r y income and expense (-):
A NALY S I S O F C HANGE IN RET A I N E D EARNINGS
421
_
Open i n g b a l a n c e ...................................
N et income or expense (- ) .......................
Adjus t m e n t s f or prior p e r i o d s ...................
Di s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r . ............................................
-12, 3 2 6
1,701
_
_
_
-
-
-
-
-2,920,151
- 1 2,631
-
-
Cl o s i n g b a l a n c e ...................................
-10,625
498
223
- 97
1,461,199
-
58
-255
Footnotes at end of Section.
77
_
12,631
_
58r
_
_
_
-722
467
_
Treasury Bulletin
166
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
T a ble
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
R e t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands o f dollars)
T r e a s u r y Department Continued
Account
Comptroller
of the
Cur r e n c y
(TR)
Internal
R e venue
S e rvice
Federal ta x
li e n revolving
fund (PE)
Ge neral Servi c e s A d m i n i s t r a t i o n
E n vironmental
P r o t ection
Agency
Re v o l v i n g
fund f or
certification
a nd other
services (IR)
Automatic
data
processing
f und (IR)
Federal
b u i l dings
f und (IR)
Defense
produc t i o n
lo a n
guarantees (PE)
Federal
te l e c o m
munications
fu n d (IR)
Income:
S a l e s o f g o o d s ..................................
S a l e s o f s e r v i c e s ...............................
Insurance a nd guarantee p r e m i u m s .............
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
_
-
_
-
566
-
_
_
-
70,474
52
-
1,510,314
2,910
29
-
_
4 0 6,506
-
3,326
-
1,099
-
91,764
1,099
566
70,527
1,513,225
29
406,513
-
-
-
64,311
1,428,341
-
404, 3 6 7
_
_
_
_
_
_
_
_
_
-
-
-
-
-
-
-
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r o p e r a t i n g e x p e n s e s ....................
O t h e r ..........................................
95,105
379
_
_
_
_
485
_
4,264
_
1,046
100
-
105,825
_
210
201
10,126
1
34
T o t a l e x p e n s e ........................... .
95,693
1,046
585
68,776
1,544,292
1
405, 4 0 7
Income or e xpenses (-) be f o r e e x t r a o r d i n a r y
i t e m s ..............................................
-3,929
53
-19
1,750
-31,067
29
1,106
_
_
_
_
-
-
-
-
-
-
T o t a l i n c o m e ....................................
7
Expense:
Co s t o f g oods s o l d .............................
Interest expense:
T r e a s u r y b o r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ..........................................
O t h e r expenses:
_
1,006
_
E x t r a o r d i n a r y income and e x pense (-):
G a i n or lo s s (-) o n disp o s i t i o n o f assets...
O t h e r .............................................
T o t a l e x t r a o r d i n a r y income a n d expense
-
(-)..
-
-
-
-
-
-
-
N e t income o r expense (-) be f o r e distribution.
-3,929
53
-19
1,750
-31,067
29
1 ,106
Open i n g b a l a n c e ...................................
N e t income or expense ( -)........................
A d j u s t m e n t s f or prior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ................................. a......
O t h e r .................................. ..........
31,278
-3,929
53
-l,241r
1,750
-768
1 4,570
-31,067
33,347
197
29
-2,766
1,106
-
-53
_
_
C l o s i n g b a l a n c e ...................................
27,349
-
-412
-258
ANA L Y S I S O F CHA N G E IN R E T A I N E D E A RNINGS
Footnotes at end of Section.
_
-393
-19
_
16,849
_
226
-1,659
April 1977
167
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section
I
- G o v e r n m e n t
Table
GA-I-2.
July
Corporations
- Statements
1, 1 9 7 5
through
of
a n d
O t h e r
I n c o m e
September
a n d
30,
B u s i n e s s - T y p e
Re t a i n e d
Activities
Earnings
1976— C o n t i n u e d
(In thousands of dollars)
General Services Admi n i s t r a t i o n - Continued
A ccount
General
supply
fund (IR)
Liquidation
of Vi r g i n
Islands
Corporation
(PE)
National
A rchives
trust
fund (TR)
William
L anger Jewel
Bearing
Plant
revolving
fund (PE)
Veterans
Admini s t r a t i o n
Construction
services
fund (IR)
W o rking
capital
fund (IR)
Loan
g u aranty
r evolving
fund (PE)
IHC O M E AN D _ M E E N S p .
Income:
S a l e s of g o o d s ..................................
S a l e s of s e r v i c e s ..............................
Insurance a nd guarantee p r e m i u m s ......
Interest i n c o m e .................................
O t h e r i n c o m e ....................................
7,488
1,485,965
153,687
24,065
-
-
-
3f?
I
*
2
9 2,876
2 8 .619
7,845
2,139
o j DA*;
17,762
121 495
7,647
1,850
23,772
17,307
2,480
17,760
2 ,139
316
*
T o t a l i n c o m e ....................................
Expense:
Co s t o f goods s o l d .............................
1,537,779
Interest expense:
T r e a s u r y bo r r o w i n g s ..........................
Federal s e c u r i t i e s ...........................
O t h e r ......... ............. ...... ...........
57,061
O t h e r expenses:
A d m i n i s t r a t i v e ................................
D e p r e c i a t i o n ..................................
O t h e r oper a t i n g e x p e n s e s ....................
O t h e r ..........................................
48
JO nnq
97
71
3,353
25
22
241
116
41,419
45.360
“
T o t a l e x p e n s e .................................
1,584,135
Income o r expenses (-) b e fore extraor d i n a r y
i t e m s ..............................................
57,996
7fj770
( f\J
1,942
23,772
17,664
143,889
on
JlO
rye
(J
196
OOP.
97
-22,394
-
-
-
-
-
-
-
(-)..
-
-
-
_
-
-
-
N e t income o r e x pense (-) be f o r e distribution.
57,996
316
75
196
293
97
-22,394
32,231
57,996
etjOOi
316
-3
3,9 6 4
75
oi
op (
196
—7
293
E x t r a o r d i n a r y income and expense (-):
G a i n or l o s s (-) o n d i s p o sition o f assets...
O t h e r .............................................
T o t a l ex t r a o r d i n a r y income an d expense
A M L I S I S .Q F . s m m . M
ret a i n e d earnings
Open i n g b a l a n c e ...................................
N e t income o r expense ( -)........................
A d j u s t m e n t s fo r p rior p e r i o d s ...................
D i s t r i b u t i o n o f income:
D i v i d e n d s ........................................
O t h e r . ............. ..............................
C l o s i n g b a l a n c e ...................................
Footnotes at end of Section.
“
-3,414
8 6,814
3,175
~
-50
4 ,010
- 142,081
846
293
on
-22 , 3 9 4
- 22
348
-164,475
Treasury Bulletin
168
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - G overnm ent Corporations and O ther B usiness-Type A ctivities
Table GA-I-2. - S tatem ents of Income and R etained E arnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Veterans Administration - Continued
Direct
loan
revolving
fund (PE)
Canteen
service
revolving
fund (PE)
Rental,
maintenance,
and repair
of quarters
(PE)
Sales of goods.......................
Sales of services....................
Insurance and guarantee premiums......
Interest income......................
Other income........................
•
47,800
17,278
140,868
5,238
_
17
-
Total income........................
65,077
Account
Servicedisabled
veterans
insurance
fund (PE)
Soldiers *
and sailors*
civil relief
fund (PE)
Veterans
reopened
insurance
fund (PE)
Vocational
rehabilita
tion re
volving
fund (PE)
INCOME AND JEXPENSE
Income:
-
279
26,807
1,037
933
1
37,782
30,367
1,088
-
146,124
279
28,777
1
69,236
-
-
100,722
-
-
-
-
-
12,142
28,502
-
_
-
_
_
_
-
_
-
-
_
-
-
765
_
45
157
34,756
1,012
8,547
94
_
279
-
_
31,742
14,361
2
853
21,218
36,231
14
41,610
145,130
279
46,103
2
58,303
14
23,467
993
1
-17,326
-1
10,933
-14
_
-
_
-
_
_
_
-
-
-
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
23,467
993
1
-17,326
-1
10,933
-14
155,697
23,467
-
22,331
993
-
*
1
-
-87,519
-17,326
4,000
-2,003
-1
-
24,028
10,933
-
-32
-14
-
_
_
_
_
-
-
-
-
-
Expense:
Cost of goods sold...................
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................ .
Other expenses:
Administrative.................... .
Depreciation............... ....... .
Other operating expenses.............
Other............................
Total expense............... .
Income or expenses (-) before extraordinary
items...............................
-
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.............................
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance.......................
Net income or expense (-)...............
Adjustments for prior periods............
Distribution of income:
Dividends..........................
Other..............................
Closing balance.......................
Footnotes at end of Section.
179,164
23,324
1
-100,845
-2,004
-
-
—
34,961
-47
A p r i l 1977
169
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - G overnm ent Corporations and O ther B usiness-Type Activities
Table GA-I-2. - S tatem ents of Income and R etained Earnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Veterans Administration - Continued
Independent agencies
Civil Service Commission
Account
Veterans
Adminis
tration
education
loan fund
(PE)
Veterans
special
life
insurance
fund (PE)
Servicemen’s
group life
insurance
fund (PE)
Supply
fund (IR)
151,928
393,149
1,922
2,405
44,444
-
47,190
2,863,230
822,367
180,579
627
Revolving
fund (IR)
Employees
health
benefits
fund (TR)
Employees
life
insurance
fund (TR)
INCOME AND JXPENSE
Income:
_
_
Sales of goods......................
Sales of services....................
Insurance and guarantee premiums........
Interest income......................
Other income........................
_
180
59,916
34,596
1,590
Total income........................
180
96,102
151,928
397,477
44,444
2,910,420
1,003,573
-
-
-
378,702
47,540
-
-
_
_
_
_
_
_
_
_
_
_
«.
53
-
-
-
-
-
1,474
-
789
507,072
494,238
-
-
-
-
-
-
Expense:
Cost of goods sold...................
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................
Other expenses:
435
_
_
143
88,786
1
151,494
-
161
18,938
35
*
5,583
3
2,753,105
37,168
12
88,786
151,928
397,835
47,684
2,795,912
1,003,573
168
7,316
-
-358
-3,240
114,507
-
_
_
_
_
-
-
-
-
-22
-
Total extraordinary income and expense (-)..
-
-
-
-
Net income or expense (-) before distribution.
168
7,316
-
Administrative.....................
Depreciation......................
Other operating expenses.............
Other............................
12
Total expense......................
Income or expenses (-) before extraordinary
items..............................
_
_
_
_
_
_
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.................... *........
MALmS
.CHANGE,J
_
_
-
-
-
-
-
-358
-3,261
114,507
-
-118
-358
1,083
-3,261
-309
212,823
114,507
-
-
_
_
_
GAINED EARNINGS
Opening balance.......................
Net income or expense (-)................
Adjustments for prior periods............
Distribution of income:
Dividends..........................
Other......................... ....
74,553
168
Closing balance.......................
Footnotes at end of Section.
_
6,343r
7,316
_
_
_
-
-
-
_
_
_
_
-
-
-
-
-
-
-
74,720
13,659
-
-477
-2,487
327,330
-
Treasury Bulletin
170
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - G overnm ent Corporations and O ther B usiness-Type Activities
Table GA-I-2. - S tatem ents of Income and R etained E arnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Civil Service Community
Services
CommissionAdministration
Continued
Account
Retired
employees
health
benefits
fund (TR)
INCOME
Memo:
Funds
transferred
to others
Independent agencies - Continued
Farm Credit Administration
Revolving
fund for
administrative
expenses (EE)
Short-term
credit
investment
fund (PE)
District of
Columbia
Banks for
cooperatives
investment
fund (PE)
Emergency
Loan
Guaranty
Board (PE)
Loans and
repayable
advances
JOPNSE
Income:
Sales of goods.......................
Sales of services....................
Insurance and guarantee premiums........
Interest income......................
Total income.......... ..............
_
-
-
-
2,438
10,715
1,252
40
_
9,510
_
-
_
-
13,153
1,292
9,510
-
-
-
-
-
_
52
_
_
-
_
5,151
_
_
-
_
*
_
-
1,646
7,145
50,126
_
-
8,791
50,126
-
-
-
_
_
-
-
Expense:
Cost of goods sold...................
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................
_
_
_
_
-
Other expenses:
Administrative.....................
Depreciation.......................
Other operating expenses..............
Other............................
203
_
3,940
15,488
1,956
_
_
-3,072
8,975
_
-
_
_
-
_
_
-
116
-
Total expense......................
19,683
4,036
8,975
-
-
210
-
-6,530
-2,743
535
-
-
8,581
50,126
Gain or loss (-) on disposition of assets...
Other..............................
_
_
_
-
-
-
-
-
_
_
_
_
Total extraordinary income and expense (-)..
-
-
-
-
-
-
_
Net income or expense (-) before distribution.
-6,530
-2,743
535
-
-
8,581
50,126
Opening balance.......................
Net income or expense (-)................
Adjustments for prior periods............
Distribution of income:
Dividends...........................
Other..............................
25,186
-6,530
-57,461
-2,743
18,292
_
1,909
_
17,328
8,581
_
83,977r
50,126
_
_
406
535
-656
_
_
_
_
_
-51,091
Closing balance.......................
18,656
-60,205
285
18,292
1.909
25,^9.,
83.012
Income or expenses (-) before extraordinary
items..............................
95
_
_
-
Extraordinary income and expense (-):
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
-
_
April 1977
171
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - G overnm ent Corporations and O ther B usiness-Type Activities
Table GA-I-2. - S tatem ents of Income and R etained Earnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Independent agencies - Continued
Interstate
C ommerce
Commission
Federal H ome Loan
Ba n k Board
Account
Federal
Deposit
Insurance
Corporation
(TR)
Federal
S avings
and L oan
Insurance
Corporation
Nat i o n a l Credit U n i o n
Administrat ion
Share
R e v o lving
fund (PE)
Repayment
of lo a n
guarantees
(PE)
Operating
fund (PE)
insurance
fund (PE)
Pennsylvania
Avenue
Development
Corporation
INCOME AND JXPENSE
Income:
Sales of goods......................
Sales of services....................
Insurance and guarantee premiums........
Interest income......................
Other income........................
Total income........................
_
_
-
280,061
351,871
121,758
942,701
753,690
383,706
558,995
-
_
46,625
-
14,365
23,913
5,406
80
_
_
-
46,625
-
14,365
2 9,3 9 9
-
-
-
_
-
-
_
Expense:
Cost of goods sold...................
-
-
-
-
-
-
-
-
-
-
13,232
8,646
1 04
-
-
961
8,646
961
20,753
-961
-
-
-
-
-
_
_
_
_
_
-
_
-
-
-
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................
-
115,002 1 2 /
Other expenses:
Administrative.....................
Depreciation......................
Other operating expenses.............
Other............................
Total expense......................
Income or expenses (-) before extraordinary
items..............................
-
-
89,314
23,985
25,302
137,951
184,207
3,192
_
-
_
_
854
17,153
227,265
324,048
45,646
-
13,336
715,436
429,642
978
-
1,030
_
-
-
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other..............................
_
-
-
_
-
Total extraordinary income and expense (-)..
_
_
_
-
-
-
-
1,030
20,753
-961
2,308r
47,196
-1,517
1,030
_
20,753
-961
7
10
-
Net income or expense (-) before distribution.
715,436
429,642
978
-
6,415,848
3,933,536
429,642
4,931
978
-12 , 6 5 0
715,436
_
-
-
ANALYSIS. 0F__CHANGE IN RETAINED EARNINGS
Opening balance.......................
Net income or expense ( - ) ...............
Adjustments for prior periods............
Distribution of income:
Dividends..........................
Other..............................
Closing balance.......................
Footnotes at end of Section.
1 64
-40
_
_
_
_
7, 1 31,244
-
4,363,178
_
-
_
-
_
-
-
-
-
5,909
-12, 4 8 6
3,337
67,956
-2,468
172
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUND S.
Section I - G overnm ent Corporations and O ther B usiness-Type A ctivities
Table GA-I-2. - S tatem ents of Income and R etained Earnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Independent agencies - Continued
Small Business Administration
Account
Business
loan and
investment
fund (EE)
Disaster
loan fund
(PE)
United States
Information
Agency
Lease and
surety bond
guarantee
revolving fund
(PE)
Tennessee
Valley
Authority (PE)
United States
Railway
Association
Informational
media guaranty
fund (PE)
INCOME AND EXPENSE
Income:
Sales of goods.......................
Sales of services....................
Insurance and guarantee premiums........
Interest income......................
Other income........................
16,792
139,302
14,539
20
51,704
448
2,079
120
95,078
Total income........................
170,633
52,172
6,451
2,275,624
41,513
2,138,914
4,372
Expense:
Cost of goods sold...................
1,736,618
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................
24,110
193,63120/
5,771
128,5102^/
321 21/
3,042
192,489
868
Other expenses:
Administrative.....................
Depreciation.......................
Other operating expenses.............
Other............................
15,155
223,481
218
__25^41_
Total expense......................
536,850
Income or expenses (-) before extraordinary
items..............................
80,472
32,161
21,536
309,300
27.521
63,674
168,024
11,692
314
192,501
29,136
2,175,854
330,836
-366,217
-140,328
-22,685
99,770 22/
-330,836
-366,217
-140,328
-22,685
99,770
-330,836
-16,205
-22,685
239,173
99,770
1,294
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other..............................
Total extraordinary income and expense (-)..
Net income or expense (-) before distribution.
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance......................
Net income or expense (-)..............
Adjustments for prior periods...........
Distribution of income:
Dividends...... ..................
Other............................
-931,199
-366,217
Closing balance......................
-1,297,416
Footnotes at end of Section.
-1,474,060
-140,328
-4,563 22/
-29,379
-25,994
-330,836
-30,246
-356,830
-81,389
-1,618,952
-38,890
257,554
April 19^7
173
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - G overnm ent Corporations and O ther B usiness-Type Activities
Table GA-I-2. - Statem ents of Income and R etained E arnings
July 1, 1975 through September 30, 1976—Continued
(In thousands of dollars)
Off-budget
Federal
agencies
Agriculture Department
ExportImport
Bank
of the
United
States (PE)
Account
Total
United
States
Postal
Service
(PE)
Rural
electri
fication and
telephone
revolving
fund (PE)
Rural
Telephone
Bank (PE)
Treasury
Department
Labor
Department
Federal
Financing
Bank
revolving
fund (PE)
Pension
Benefit
Guaranty
Corporation
(EE)
Housing
and Urban
Development
Department
Housing
for the
elderly or
handicapped
(PE)
INCOME AND EXPENSE
Income:
_
_
_
_
_
_
-
-
1,898,470
-
117
35,087
4,685
1,773
19,897
498
28,478
1,898,470
41,663
20,395
-
-
-
-
-
4,569
16,188
1
-
1,815,386
_
-
9
_
-
_
7,567
-
217
_
326
-
_
-
11,792
59
27,000
356
1,815,712
38,861
7,922
11,863
82,758
2,802
12,473
-
_
-
_
-
-
_
-
-
-
-
-
-
-
-1,160,631
238,940
11,863
82,758
2,802
12,473
63,339
82,758
32,575
2,802
-37,100
77,945
12,473
_
Sales of goods......................
Sales of services.................... 14,226,871
Insurance and guarantee premiums........
56,876
Interest income...................... 3,021,823
Other income........................ 2,174,330
_
21,789
818,416
295
_
14,226,753
_
2,171,731
_
_
251,908
-
28,446
33
Total income........................ 19,479,899
840,500
16,398,484
251,908
-
-
-
1,845,147
469,225
659,925
8,994
236,288
427,024
225,369
226,056
Administrative..................... 14,685,573
Depreciation......................
205,965
Other operating expenses.............
1,219,099
Other............................ 1,062,799
13,633
44
333
10,220
14,659,605
205,861
1,218,766
1,023,458
_
1,555
210
Total expense...................... 20,147,732
696,537
17,559,116
12,969
16,615
-667,833
143,963
-1,160,631
238,940
Gain or loss (-) on disposition of assets...
Other...................... ........
-2
-
-2
-
_
-
_
Total extraordinary income and expense (-)..
-2
-2
Net income or expense (-) before distribution.
-667,834
143,962
_
„
_
-
Expense:
Cost of goods sold...................
Interest expense:
Treasury borrowings.................
Federal securities..................
Other............................
6,844
Other expenses:
Income or expenses (-) before extraordinary
items..............................
_
-
-
-
Extraordinary income and expense (-):
ANALYSIS _0F...CHANGE IN RETAINED EARNINGS
Opening balance.......................
Net income or expense (-)................
Adjustments for prior periods.......... .
Distribution of income:
Dividends..........................
Other..............................
2,321,472r
-667,834
-38,446
-40,000
-11,863
-40,000
-
Closing balance.......................
1,563,328
1,747,479
Footnotes at end of Section.
1,643,517
143,962
_
_
_
_
_
-
-
-11,863
-
-
-
-1,161,977
743,035
-
146,097
-1,723
90,418
-2U 504,095r
-1,160,631
238,940
_
-1,346
_
11,863
_
_
_
_
Treasury Bulletin
174
FINAN CIAL O PERATIONS OF G O VERNM ENT A G E N C IE S AND FU N D S
F o o tn o te s to T a b le GA-I-2
* Less than $500.
r Revised.
(PE) Public enterprise revolving funds.
(IR) Intragovernmental revolving funds.
(TR) Trust revolving funds.
1/ Statements in this table are from Government corporations and business-type activities. Statements of the transferred account which
represent funds transferred to others are shown in memo (nonadd)
columns under the same headings with the "parent” accounts that
receive the appropriations. These same statements of the trans
ferred accounts are also shown as funds transferred from others un
der the heading of the "spending" agencies that administer these
funds.
2/ Represents a deposit of funds to receipt accounts.
3/ Represents the Cooley loan program established pursuant to the Agri
cultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704 (e)).
4/ Consists of contingency fund, inter-American social and economic
program, and supporting assistance loans.
5/ Includes the fund for administrative and operating expenses.
|[/ Includes accrued interest expense of $8,125 thousand on capital stock.
7/ Includes restoration of capital by the Department of the Treasury
to partially reimburse the Corporation for net realized losses
sustained but not previously reimbursed as provided by an act
approved Oct. 21, 1975 (89 Stat. 652).
8/ Information pertaining to the amount of retained earnings at the
beginning of the period was not shown on the statement submitted by
the reporting agency.
9/ Represents insufficiency restorations made by appropriations.
10/ Represents interest on appropriations for loans to be paid into
miscellaneous receipts of the Department of the Treasury.
11/ Includes the Defense Communications Agency.
TS/ Represents interest on the net direct investment of the U.S.
Government in this Corporation.
13/ Represents interest on appropriations and other capital.
14/ Includes estimated unfunded future losses amounting to $12,211
thousand.
15/ Includes $207 thousand for insufficiency restoration.
15/ Includes $9,323 thousand for insufficiency restoration.
17/ Represents interest expense on appropriations allocated to power
and to municipal and industrial water supply construction.
18/ Represents interest expense on public debt borrowings from the De
partment of the Treasury, and on appropriations and other capital.
19/ Represents premium payments and insurance losses.
20/ Represents interest expense payable to the Department of the Treas
ury on outstanding cash disbursements made from the fund.
21/ Represents interest expense on mortgage notes and escrow deposits.
22/ Represents net income of $170,094 thousand from power operations
and a net loss of $70,325 thousand from non-income-producing
programs.
23/ Includes $1,196 thousand for insufficiency restoration.
24/ The operating deficit as of June 30, 1975, has been combined with
other items respresenting equity of the U.S. Government, and is
included with the net invested capital at the beginning of fiscal
1976.
Note: Title V of the Congressional Budget Act of 1974, Public Law
93-344, approved July 12, 1974 (31 U.S.C. 1020), changed the fiscal
year from July 1 through June 30 to Oct. 1 through Sept. 30,
commencing with the fiscal year 1977 (Oct. 1, 1976, through Sept. 30,
1977). The act also established a 3-month, transition period from
July 1 through Sept. 30, 1976. Data in this table are for a
15-month period (July 1, 1975, through Sept. 30, 1976).
Source: Bureau of Government Financial Operations. Based on annual and
semiannual reports received from agencies pursuant to Treasury
Circular No. 966, Revised.
April 1977
175
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
(in millions of dollars)
Export-Import
Bank of the
United States
Total
Fiscal year
or month
Housing and Urban Development Department
Farmers Home
Administration
Sales
Repur
chases
Sales
1968........
1969........
1970........
1971........
1972........
1973........
1974........
1975........
1976........
T.Q........
1,070
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
213
428
842
305
781
330
1,141
1,559
1,281
422
91
379
406
269
248
145
21
21
160
-
261
4
187
20
3
2
104
-
974
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1,070
1976-Feb.....
Mar.....
Apr.....
May.....
June.....
July.....
Aug.....
Sept.....
Oct.....
Nov.....
Dec.....
1977-Jan.....
Feb..... .
431
1,845
1,397
1,919
1,031
433
1,716
610
1,142
508
789
1,446
1
120
56
144
28
38
75
120
227
93
75
16
488
38
50
*
4
28
26
-
50
*
50
2
-
*
506
501
314
18
400
450
220
600
14
500
1,158
1
Fiscal 1977
to date.....
3,886
710
Repur
chases
_
Sales
Repur
chases
174
405
569
287
574
284
1,105
1,524
1,148
414
Government
National Mortgage Office of Secretary
Association
1/
Sales
_
-
_
2,300
1,501
1,232
6,063
1,592
68
52
91
26
34
73
117
224
93
71
12
484
34
261
1,339
879
1,493
910
33
1,265
294
540
482
210
288
-
2,273
694
'
l/ includes college housing, elderly housing, and public facility loans.
* Less than $500,000.
1,520
Repur
chases
Sales
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
_
_
_
_
_
_
_
-
Repur
chases
Small Business
Administration
Sales
Repur
chases
*
*
15
6
*
2
1
_
30
_
_
-
3
3
*
-
Veterans
Administration
Sales
Repur
chases
2
*
38
244
368
488
209
163
294
96
24
17
12
12
19
25
30
32
29
6
120
2
3
3
2
3
2
2
2
_
_
_
-
_
_
_
_
_
-
_
_
_
_
_
-
-
-
_
_
_
_
_
_
-
-
-
-
-
-
4
4
4
4
"
-
-
-
*
93
16
_
_
-
_
_
_
_
_
_
*
*
_
_
_
*
_
13
84
77
96
2
12
79
Treasury Bulletin
176
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding Decem ber 31, 1976
(in thousands of dollars)
G uarantees and insurance
Direct loans or credit
Agency and pr o g r a m
Amount
outstanding
Maximum
authority
A mount
outstanding
1/
Maximum
a uthority
2/
Interest
range
(Percent) 2 /
G overnment
fee o r p r e m i u m
Funds appropriated to the President:
A p p a l achian regional development programs:
A ppalachian h ou s i n g p r o g r a m ...........................
741
741
58
58
0 — 8-1/2 S T
Expa n s i o n of Defense Production:
in-
20
definite
Emergency security assistance for I s r a e l .........
Foreign military credit s a l e s ......................
Liquid a t i o n of foreign m ilit a r y sales fund;
L o n g - t e r m c r e d i t s ..................................
665,597
1,917,664
M i l i t a r y credit sales to I s r a e l ....................
International development assistance:
Bilateral assistance:
Ag ency for International Development:
A lliance for Progress, development loans... .
Common defense, economic, and triangular
trade l o a n s .....................................
Development l oan fund l i q u i dation account....
Development l o a n s ................................
Housing guaranty f u n d ...........................
Grants and other p r o g r a m s ......7".............. !
Total Agen c y for International Development.
18,716
18,716
400,000
3,340,753
3,496,649
26,19 7 5 /
131^588
7,078,969
26,197
131,588
8,176,018
1,462,790
2,865,987
3,056,044
15,063,867
A griculture Department:
Commodity Credit Corporation:
Commodity loans
Lo n g - t e r m dollar credit s a l e s ........................
Sho r t - t e r m e xport sales c r e d i t s ......................
Storage facility and equipment l o a n s ................
Investments acquired in settlement of c l a i m s ....... .
1,786,476
4,816,371
998,601
143,532
8,810
Total Commodity Credit C o r p o r a t i o n ....................
7,753,790
.25$
U p to 10
4/
0—6
6-1/8
-
561,319
2 0,794
3,056,044
3—
12,040,297
,
20
3
665,597
1,917,664
400,000
Total funds appropriated to the P r e s i d e n t .......... .
-
-
1/ 2— 2$
787,398
1 / 2 — 2-3/4$
ST
25
ST
8— 40
3/4— 6
8— 40
5— 40
5— 40
1 5 — 30
2 1/2-45
—6
1-6
714,285
3 — 10
3/4-6
3 / 4 — 5-3/4
3/4
5— 9-1/4
ST
561,319
50,000
146,887
3—12
7 — 12
3,764,250
QQ8.60lW
TVU
>
U
Various
Do
5
6.125— 9.3
Various
143,5321
8,810
204
337,972
337,972
4,599
159,372
1
Various
Do
Do
1,786,476
L . 816. T71
204
“
“
>
J ^QCl
159,372
&oo
Odd
13,734
E mer g e n c y l o a n s ....................................
Guaranteed e mergency l o a n s .......................
Guaranteed e mergency livestock l o a n s ............
E m e rgency loans r e f i n a n c e d .......................
Indian l and acquisition l o a n s ....................
Grazing, recreation, irrigation, and forestry
l o a n s ...............................................
W a t ershed works o f improvement and flood
pre v e n t i o n l o a n s ..................................
Resources conservation and development l o a n s ...
Credit sales of real p r o p e r t y ....................
Programs in l i q u i d a t i o n ...........................
142,700
Total agricultural credit insurance f u n d .......
691,325 1^/
2,739,775
3 6,548
9 96,410
33,279
^2/
00 d
8,228
67,939
2,739,775
36,548
996,410
33,279
8,228
824,976
824,976
71,485
416,310
3,583
27,380
166,102
13,734
142,700 11/ '
7 7QO
OJ.J
n1,17V
nnn
71,485
416,310
3,583
27,380
14,141
14,141
166,102
613
6,215
1,823
1 186
6,215 >2/
1,823
1,186
358
8- 3/4
8-3/4
1 /
67,939
*/
56,098
56,098
13,974
8,842
13,974
8,842
822
&OO
odd
0—40
0— 40
£
~E//
710/
7^9/
0—40
5
5
0 — 40
5— 8-3/4
5— 8-3/4
0 — 40
0 — 40
5-8-3^
CL
0 — 40
0 — 40
£
?
0— 40
5.683 S T
5.683 S T
7 — 8 -1/2 ST
—
n 4U
jn
u—
2/
±-10/
0 — 30
n
u— n
ipk
“
5,471,751 1 4
Rural d evelopment insurance fund:
W a t e r and w a s t e disposal loans to associations.
Community facilities loans to a s s o c i a t i o n s .....
Business and industrial development l o a n s ......
G uaranteed business and industrial devel. loans
Credit sales of real p r o p e r t y ....................
191,067
43,139
10,854
191,067
43,139
10,854
3
3
Total rural d evelopment insurance f u n d ..........
245,063
Footnotes at end of section.
1/2 to
3__ 5
F o reign assistance:
International security assistance:
Consumer P r o tection and Services:
Agricultural M a r k e t i n g Service:
M i l k market orders assessment f u n d ................
Farmers Home Administration:
Agricultural credit insurance fund:
F a r m ownership loans:
F a r m e n t e r p r i s e ..................................
Nonf a r m e n t e r p r i s e ..............................
Operating l o a n s ...................................
Guaranteed operating l o a n s .......................
Recre a t i o n l o a n s ................................. .
S oil and w a t e r conservation l o a n s ...............
2
I
I-Wholly owned Government enterprises
United States d o llar loans
Overseas Private Investment C o r p o r a t i o n .......
Maturity
range
(years) /
2,117.330
199,367
11,156
249,649
2,117,330
199,367
11,156
249,649
_£/
2 ,577,502
5
5
9.25
Various
IJ /
0—40
0 — 40
0—40
0 — 40
0 — 15
177
A p r i l 19 7 7
_
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ _ _ _
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding December 31, 1976—Continued
(In thousands of dollars)
Guarantees and insurance
Direct loans o r credit
A g ency and pro g r a m
Amount
outstanding
Maximum
authority 1 /
Amount
outstanding
Maximum
authority 2 /
Government
fee or p r e m i u m
Interest
range
(Percent)
2/
Maturity
range
(Years) 2 /
1-Wb.olly owned Government .enterprises
United States dollar loans - Continued
Agriculture Department-Continued
Farmers Home Administration-Continued
Rural hou s i n g insurance fund:
Rural housing l o a n s .......................
Rural hous i n g loans to senior citizens..
Rural rental and cooperative housing....
Rural h o using site l o a n s .................
Lab o r h ou s i n g l o a n s .......................
Credit sales of surplus p r o p e r t y ........ .
Total rural h o using insurance fund.
S e l f -help h ous i n g land development fund:
S e l f -help h o using land development laans..
723,418
12,552
266,604
1,169
11,223
272
Soil Conservation Service:
W ater conservation and util i z a t i o n projects.
Watershed and flood p revention o p e r a t i o n s ...
444
1,023
Total Soil Conservation S e r v i c e ..............
1,467
Total Agriculture D e p a r t m e n t ....................
9,707,298
Total Economic Development Administration.
Maritime A dministrat i o n :
S hip sales (purchase mon e y m o r t g a g e s ).
Federal ship mortgage insurance fund:
Direct l o a n s ...........................
Guaranteed l o a n s ......................
Total Maritime Administration.
Science and Technology:
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels..
Fisheries l o a n f u n d ..............................
Total National Oceanic and Atmospheric
A d m i n i s t r a t i o n ...........................
Total Commerce Department.
Defense Department:
Military:
Defense p r o duction guarantees:
A r m y .........................................
N a v y .........................................
Total defense p r o duction g u a r a n t p e s ............
313,738
163,421
16/
IZ /
20/
y
T a
3/
22/
444
1,023
0— 20
2 ST
0 — 50 ST
313,738
163,421
147,305
179,625
.50% ST
4— 8-1/8
3-3/8— 8-I/4
Up to .25
U p to 40
16,687
12,961
6— 7
3-1/2 ST
3 .771.096
7,000,000
,75%
12— 20
2 0 — 25
25
25
3.7— 9
3.7— 9
3 .771.096
29,648
14,407
587
50,000
20,000
2,492
1 4,407
529,553
3,932,808
4
2,975
.25—1%
6— 9.2
1 5 — 20
3— 8
3— 10
10-1/2— 13-1/2
2,979
8,123
128
46,755
Total h e a l t h services plann i n g and development
46,883
M e d i c a l facilities guarantee and lo a n f u n d ............
11,071
8,123
251
48,096
1 6,134
Health teaching facilities construction:
Guaranteed l o a n s ..........................
8,132
ST
ST
147,305
16,687
4
2,975
2 ST
0 — 33 ST
19,154,950
12,961
587
1,905
0 — 33
0 — 33
3 ST
20,254
11,102
Footnotes at end of section.
267,469
529,055
3,197
21,730 2 2 /
19,154,950
20,254
Total Defense D e p a r t m e n t ...........................
Health maintenance organizations l oan
Guaranteed and lo a n f u n d .............
10,284,246
11,105,697
477,159
Civil:
Ryukyu Islands, construction of p o w e r systems.
Health, Education, and Welfare Department:
H e alth Resources Administration:
H e a l t h services p lanning and development:
Community f a c i l i t i e s .............................
Construction of hospitals and o ther medical
f a c i l i t i e s .......................................
1,169
11,223
272
267,469
529,055
3,197
21,730
211
1,951,837
Promotion of Industry and Commerce:
Trade adjustment a s s i s t a n c e ................
266,604V18/
1,015,238
Total Farmers Home A d m i n i s t r a t i o n ..............
Commerce Department:
Economic Development Administration:
Loans to aid i n d u s t r y . . .............
Loans for p ublic w o r k s .......... ;..
10,284,246
723,418
12,552
8,132
2k/
1,189,799
1,733,866 2i j
2 - 1 / 3 — 2-3/4
30
2-1/2— 5-1/4
3 9 — 50
6 . 6 9 5 — 10.585
25
30
63,985
74,94$
8 .35—
15,034
15,034
7.25— 9.21
10
20
ST
ST
Treasury Bulletin
178
_ _ _ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FU N D S_______
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding Decem ber 31, 1976—C ontinued
(In thousand of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
I-Wholly owned Government enterprises
United States dollar loans - Continued
Health, Education, and Welfare Department-Continued
Health Resources Administration-Continued
National Institutes of Health:
Health professions education fund..... .....
Nurse training fund.... ............ .....
Health manpower:
Other student loan programs..............
Total Health Resources Administration... ....
Office of Education:
Student loan insurance fund.................
Higher education facilities loan and insurance
fund............ ......... ........... .
Elementary and secondary education............
Higher educational loans to institutions.......
Advances for reserve funds..................
Federal capital contributions...............
Total Office of Education...................
Assistance to refugees in the U.S............
Total Health, Education, and Welfare Department...
Housing and Urban Development Department:
Housing production and mortgage credit:
Federal Housing Administration:
Revolving fund:
Property improvement loans...............
Purchase money mortgages................
Mortgage insurance loans................
Total Federal Housing Administration
revolving fund.......................
College housing loans....................
Nonprofit sponsor assistance...............
Low-rent public housing:
Loans to States, territories, etc.........
Purchase money mortgages................
Total low-rent public housing.............
Total Federal Housing Administration........
Government National Mortgage Association:
Management and liquidating functions..........
Special assistance functions:
FHA-VA loans..........................
Conventional mortgage loans......... ....
Guarantees of mortgagebacked securities fund..................
Amount
outstanding
Maximum
authority 1/
24,098
9,536
24,098
9,536
328,826
428,546
328,826
492,451
492,451
Footnotes at end of section.
4,468,000
76,197
437,581
2,834,065
76,197
437,581
2,834,065
3,347,843
3,083,752
1,520
5,011,000 22/
1,520
101,918
538
102,456
6,535,571
266,514 2 k /
lirb6I*6S*b
range
Maximum
Government
authority 2/ fee or premium (Percent) 2/
...3,530.
5— 6-1/4
5-7-1/4
20
20
3— 5-1/2
5— 15
518,237 21/
87,105,240
4,468,000
.25 ST
Various
_
_
-
_
_
3— 3-3/4
5-7/8— 8
6-7/8— 8
3 ST
Up to 15 20/
_
_
3 ST
518,237
.33— 1
87Ip J
105
?/0
O
L\Jy j C
<fv
0--1
9.41— 12.00 ST
4.00— 9.50 ST
3.00— 9.50 ST
-
2.75— 3.75 ST
-
-
Various
3— 40
Up to 10
Up to 15
26/
12— 15 ST 2 3 /
-
0— 15 ST
0— 40 ST
0— 40 ST
87,623,477 22/
101,918
538
_
13,877,449
-!
13,877,449
-
2-1/2— 8-3/4
3— 5-1/2
-
&/
30— 50
1/2
Demand— 40
4— 36 ST
13,877,449
jL01,500,926
266,514
-
-‘
25/
3,260,550 2 k / 7,750,186
IP
000
776,376
L/Cy750
f y\j y\j\j\j
1,710
Maturity
range
(Years) 2/
1,268,818
779,250
456,339
_
41,420
592
_
25,520
11,083
30,000
19,711
2,941,424 22/ 3,188,348 ZL/
3,921,600
4,468,000
29,321
29,321 22/
5,736,818
4,379,467"
Total Government National Mortgage Association.. 14,305,150
Housing management:
Community disposal operations fund............
3,194 2 1 /
Revolving fund, liquidating programs..........
539,621
Community planning and management:
New communities guarantee fund...............
40,532
Community development:
Rehabilitation loan fund...................
297,588
Urban renewal fund:
Direct loans and planning grants............
97,663
Guaranteed loans........................
Total Housing and Urban Development Department.... 11,819,319
Interior Department:
Public land management:
Bureau of Indian Affairs:
Liquidation of Hoonah Housing Project.... .....
128
Revolving fund for loans:
Cooperative associations................
1,105
Corporations and tribes.................
39,151
Credit associations....................
2,598
Expert assistance................ .....
1,700
Individual Indians.....................
3,564
Total revolving fund for loans............
48,118
Territorial Affairs:
Public works...........................
529
Rehabilitation in Guam...................
35,990
Total Territorial Affairs.................
36,519
Mineral resources:
Geological Survey:
Surveys, investigations, and research......
Amount
outstanding
1,710
7-1/2— 8-1/2
-
-
-
35/
25/
2&J
25— 30
35/
3,194
539,621
40,532
281,000
740,500
390,000
97,663
38/
-
1,961,600
L03,743,526
10— 30
7— 7-3/4
20
-
_
3 ST
Various
Do
1,961,000
128
1,105
39,151
2,598
1,700
3,564
5-1/4— 7-1/2
-
-
3— 20
Various 3^/
Various
3
25
3— 5-1/2
0— 5-1/2
2— 5
5-1/2
0— 5-1/2
0— 30
0— 30
0— 30
2
7
30
30
5-3/4— 10-1/4
1
0— 13
0— 25
529
35,990
-
-
-
-
3,530
-
April 1977
179
____ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FU N D S_______
Section II-Federal Credit Programs
Table GA-II-2 - Direct and Guaranteed Loans Outstanding Decem ber 31, 1976—C ontinued
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
MaviTmnn
Amount
outstanding authority 1/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Interior Department - Continued
Water and power resources:
Bureau of Reclamation: 40/
Irrigation distribution systems............
Small reclamation projects................
Total Bureau of Reclamation...............
Total Interior Department....................
69,168
131,663
200,831
289,126
69,168
131,663
Justice Department:
Law Enforcement Assistance Administration:
Loans to law enforcement students............
141,058
141,058
2,030
2,030
Loan to the United Nations headquarters.........
Loan to the United Nations...................
Total State Department......................
8,500
38,978
49,508
8,500
38,978
Treasury Department:
Receivable from foreign banking institutions.....
RFC loans in liquidation.....................
Miscellaneous loans and other credits:
Greece - World War I......................
Haiti..................................
Hungary................................
Turkey.................................
Lend-lease and surplus property..............
Loan to the United Kingdom..................
Total Treasury Department..... .............. .
Energy Research and Development Administration:
Long-term receivables.......................
General Services Administration:
General activities:
Liquidation of Virgin Islands Corporation......
Surplus property credit sales...............
Guaranteed loans..........................
Federal buildings fund............... .
Total General Services Administration...........
25,995
54,00141f
48,191
Independent agencies:
Community Services Administration:
Community Services Administration loan fund:
Loans to individuals......................
Loans to cooperative associations...........
_
11=18
450,000
'
-
-
_
_
2
.25#
1% above
prime rate
830,297
2,400,000
59,393
’
125
iXy,000
Uw
l/A.%
I
1
/ of 1%
1/4
7/8 of 1!%
57,476
997,000
1 QQJ OAn
12,436
26
595
114,000
i -3QO 5£6
<o, (,('Ot£
L 077 #*50
26
595
114,000
i,yW f ?OD
2,557,762
50,664
71,961
59,977
3,435
59,977
10
34 ST
10 ST
2— 7 ST
27,383
54,001
1 695
750
4,875
736,500
741 375
63,412
o
y y7m
fUX
10 308
-
300,000
1 695
750
20,009
Footnotes at end of section.
9-1/4
307,541
Veterans Administration:
Direct loans to veterans and reserves.......... .
649,139
Education loans............................
10,885
Loan guaranty revolving fund:
Acquired mortgages........................
936,061
Guaranteed mortgages......................
National service life insurance fund............ 1,000,906
Service-disabled life insurance fund............
19,315
U.S. Government life insurance fund............ ‘
54,962
Veterans insurance and indemnities.............
994
Veterans reopened insurance fund...............
9% 7m
Cs)
fUX
Veterans special life insurance fund*
48,476
Vocational rehabilitation revolving fund........
394
Total Veterans Administration................. 2,747,333
Maturity
range
(Years) 2/
3— 4-1/8 £ /
107,597
179,354
Interest
range
Government
fee or premiun (Percent) 2/
Maximum
authority 2/
-
State Department:
Emergencies in the diplomatic and consular service..
Transportation Department:
Federal Aviation Administration:
Aircraft loans:
Guaranteed loans........................
Federal Highway Administration:
Right-of-way revolving fund.................
Federal Railroad Administration:
Loans to railroads........................
Railroad loans acquired by default...........
Loans to railroads....... ........... .....
Trustee certificates of railroads............
Urban Mass Transportation Administration:
Urban mass transportation fund...............
Washington Metropolitan Area Transit
Authority bonds............. ...... .......
Total Transportation Department...............
Amount
outstanding
„
6
4
8
_
_
2
0— 3-1/2
•O 0 1 /o
_
_
0— 3
0— 2-3/8
0--2
84
30
61
30
56
55
4— 7-1/2
20
5— 6-1/2
4—1/8— 10-1/4
5-1/2— 1
7-1/2
8.03-8.5
0— 12
0— 30
K
?
«_on
.385— 3.0%
936,061
5,438,357 &
112,683 /
po<c, 1OJ. 4--V
£ nr>o i k /
301*737 & /
378,061
->74
31,627,144
I
“
—
1--31
40
649,139
10,885
^31,627,144
7.8— 8.1
3-5/8— 8-1/2
1— 20 ST
44/
i--3tr st
15 ST
7.30— 8.35
997,000
48 750
736* 500
W
6-1/8
_
_
_
4— 9-1/2 SI
8 ST
7— 30 ST
Indefinte
3— 9-1/2 SI
3— 9-1/2 SI
4_5
4_5
4— 5
4— 5
4— 5
4— 5
7— 30 ST
7— 30 ST
Indefinte
Do
Do
Do
Do
Do
Do
—
31,627,144 M /
q
7 ,/UJ.
10,308
-
4-1/S
4-1/8
£b
30 &
180
T re a s u ry
B u lle t in
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ _ _ _ _ _ _ _ _ _ _ _ _
Section II-Federal Credit Programs
Table GA-H-2. - Direct and Guaranteed Loans Outstanding Decem ber 31, 1976—C ontinued
(In thousands of dollars)
Direct loans or credit
Agency and program
MavTTrmm
Amount
outstanding authority 1/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
1,161,583
Loans for capital outlay: ] & J .......
Advances+o Stadium sinking fund, Armory
Board 48/.........................
416
40,750
Repayable advances to the D.C. general fund.
Total District of Columbia....
1,202,749
Emergency Loan Guarantee Board:
Emergency loan guarantee fund.
Export-Import Bank of the United States:
Equipment and service loans................. 10,866,618
Commodity loans.
70,274
Emergency loans.
118,385
170,665
Discount loans.
Export-Import medium term guarantees......
Certificates of loan participation........
Insurance issued through the Foreign Credit
Insurance Association:
Medium term insurance................
Short term insurance.................
Total Export-Import Bank of the United States.
Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation:
Loans to insured institutions............
Loans acquired from insured institutions...
Revolving fund.........................
Total Federal Home Loan Bank Board.........
Interstate Commerce Commission:
Railroad loans purchased.................
Railroad loans guaranteed................
Total Interstate Commerce Commission.
National Credit Union Administration:
National credit union share insurance fund.
Small Business Administration:
Business loan and investment fund:
Financial assistance program:
Business loans...................
Displaced business loans...........
Economic opportunity loans.........
Handicapped loans................
Local development company loans.....
State development company loans.....
Trade adjustment assistance loans....
Investment company assistance program:
Loans and debentures purchased......
Total business loan and investment fund.
Disaster loan fund:
Financial assistance program:
Disaster loans..................
Total Small Business Administration.
United States Railway Association:
Direct loans..................
Subtotal...............................
Held by lending institutions not guaranteed or
insured by the Federal Government.........
Total budget Federal agencies...........
100,000
107,763
107,763
107,763
1,987,717^6/
206,470
1,723,160
250,000
2.3— 2.75$
5— 40 ST
5.59— 8.40
2-3/8— 9-1/2
5-3/20— 9
3—7-7/8
Various
2,253,238
42,866
5,871,790
53,020 52/!
290,557
422,940
3,009,601
1,052,131
3,153,158
£0/
1/2%
30.658
30.658
30,658
52/
54/
5,233
5,233
3,915,563
1,819
80,490
1,750
185,433
9,810
4,571,706
3/8$
1/4$
1/4$
5,262,283 56/
1/4$
1/2— 5
Up to 180 days
4-1/2— 9-1/2
4-1/2— 9-1/2
6-5/8 ST
6-5/8 ST
55/
3
6-5/8
8
7-1/4— 7-7/8 ST
i5/
52/
282,328
2— 40
2— 3
6— 22
1/2— 5
51/
1/4-12
6— 8-1/;
3— 8
5— 6-1/2
4-3/4— 8-1/2
7-7/8— -8-3/8
376,841,
4,561,896
1,372,393
Maturity
range
(Years) 2/
6-I/4 — 7-3/4 SI
14,942,201
121,232
118,385
1,869,087
14,009
27,394
4,000,000
Interest
range
(Percent) 2/
2-5/8— 8-3/8
416
40,750
14,009
27,394
1,171,741
1,213,144
1^,372,393
3,095,553
106,905
66,209,163
Government
authority 2/ fee or premium
Marimum
1,161,583
11,225,942
807,242
250,909
229,744
16,032
200,729
10,594
1,440
Guarantees and insurance
Amoufrt
outstanding
6-5/8 ST
5— 9-1/8
178,412,356
Demand— 11
1—30
30
1— 25
1— 25
10 ST
30 ST
15 ST
15 ST
25 ST
20
25 ST
15 ST
30
1/4—15
37,293,498 £8/
66,209,163
Off-budget Federal agencies £0/
Federal Financing Bank...................
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electric systems.....................
Appliances and equipment...............
Telephone systems....................
Rural Telephone Bank: 62/
Telephone systems....................
Total Rural Electrification Administration....
Housing and Urban Development Department:
Housing production and mortgage credit:
Housing for the elderly or handicapped....
117,640,548 61/17,640,548
Total off-budget Federal agencies.
27,280,276
Total Part I................
93,489,439
Footnotes at end of section.
5.131— 9.333
6,880,688 } 11,752,492
6,123,685
327J
1,830,682
422,303
9,134,000
3,049,930
422,303
505,728
2,048,004
393,873
215,705,854
Up to 35 years
35 ST
35 ST
35 ST
2— 5
2— 5 62/
2— 5
64/
35— 50 ST
3— 3-3/4
30— 50 ST
181
A p r i l 1977
_ _ _ _ _ _ _ _
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding Decem ber 31, 1976—C ontinued
(In thousands of dollars)
Direct loans or credit
Agency and program
Guarantees and insurance
Amount
Maximum
Amount
Maximum
outstanding authority 1/ outstanding authority 2/
Government
fee or premium
Interest
range
(Percent) 2 /
Maturity
range
(Years) 2 /
II-Wholly owned Government enterprises
Loans repayable in f o reign currencies
Funds appropriated t o the President:
International development assistance.
Bilateral assistance:
A g e n c y for International Development:
Development l oan fund liquidation a c c o u n t ....
Private enterprises 65/................
C o m m o n defense, and triangular trade loans...
Comm u n i t y credit guaranty loans 66/.......
Productive credit guara n t y l o a n s .............. .
A l l o ther l o a n s ...................................
Tot a l funds appropriated to the P r e s i d e n t.......
T r e a s u r y Department:
Lend-Lease and surplus p r o p e r t y ......................
Other independent agency:
United States Information A g e n c y .....................
Tot a l Part I I .............................................
III-Government-sponsored enterprises
345,925
92,881
1,279,223
345,925
92,881
1,280,374
381
1,000
3,000
1/2
1/4
3/4— 8
3-1/2— 18
3/4— 7-1/8
8— 16
1/2— 6-1/2
5--40
1/2-58-1/2
4— 41
0— 7
2— 42
518,507
2,236,536
519,264
20,401
20,401
1,407
2,258,344
1,407
4,931,049
4,931,049
6-1/4— 8-3/4
1— 20
12,312,179
12,312,179
6.75— 7.53
1— 7
19,126,747
36,369,975
19,126,747
381
0— 2-3/8
At request of
the U.S.
10—30
381
F a r m Credit Administration:
Banks for cooperatives:
Cooperative a s s o c i a t i o n s ............................
Federal intermediate credit banks:
Production credit asso c i a t i o n s .....................
Federal land banks:
M ortg a g e l o a n s ........................................
T otal Fa r m Credit A d m i n i s t r a t i o n .....................
Federal Home L o a n Bank Board:
Federal home l o a n banks:
Advances to member b a n k s ............................
Federal Home L o a n Mortgage Corporation:
Mortgage l o a n s ........................................
Tot a l Federal Home L o a n B ank B o a r d ...................
Federal National M or t g a g e A s s o c i a t i o n ..................
S t udent L o a n M a r k eting A s s o c i a t i o n .....................
Tot a l Part I I I ............................................
15,862,032 62/15,862,032 .
3,041,661 62/ 3,041,661
18,903,693
31,731,945
411,137
87,416,750
31,731,945
411,137
Source: Bureau of Government Financial Operations. Based on quarterly
reports received from agencies pursuant to Treasury Circular No. 966,
Revised.
1/ If the maximum authority is indefinite, an amount equal to the loans
outstanding is shown in this column. Certain amounts have been noted
to indicate factors affecting the indefinite amount. Authority for
credit sales of realty and loans in liquidation is stated in amounts
equal to the amounts outstanding.
2/ If the maximum is indefinite, an amount equal to the guarantees and
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors affecting the indefinite authority.
2 / Figures shown in this column are applicable to both direct loans or
credit outstanding, and guarantees and insurance outstanding if
amounts are shown under both headings; otherwise they are applicable
to the amounts under the heading shown.
l j Administrative - rates are from % to 7-7/8$ on direct loans; various
rates on guaranteed loans. No statutory provisions.
2/ Represents loans made in foreign currency, repayable in U.S. dollars.
6/ statutory limit for public debt borrowings is $14,500,000 thousand,
of which $3,505,398 thousand was in use as of December 31, 1976.
2/ Loans made and not disposed of shall not exceed $500,000 thousand at
any time. There is no limit on loans acquired.
8/ Administrative - differences, if any, between interest rate to bor
rower and interest rate to lender: statutory - borrower shall pay
such fees and other charges as the Secretary may require.
2/ Statutory - determined by the Secretary of the Treasury taking into
consideration the current average market yield on U.S. marketable
obligations outstanding with remaining periods of maturity comparable
to average maturities of the loans.
10/ Administrative - not to exceed 7 years; however, last installment
may be refinanced for 5 years; statutory - may not exceed 7 years,
but may be renewed for not more than 5 years.
11/ There is no limit on emergency loans that may be made.
12/ Rate negotiated between lender and borrower. The rate shall be
legal and reasonable.
13/ Administrative - may not exceed shortest of following: (1) local
8— 9-1/4
7-1/2— 9-1/2
7— 11.2
4-1/2— 10
5.83— 9.5
5— 40
Up to 10
28
20—40
Up to 15
statutory limitax-.ons, (2) 50 years from date principal benefits
from works of improvement become available, or (3) useful life of
improvement. Statutory not to exceed 50 years from date principal
of works of improvement become available.
14/ Authorityfor labor housing and rural rental housing direct and
guaranteed loans was transferred to the rural housing insurance fund
by an act approved August 10, 1965 (42 U.S.C. 1487).
15/ Current rate plus .125 percent.
16/ Administrative - direct: loans for natural disasters, interest is
determined monthly. Rate of 8-1/8% on loans not to exceed $1,000 to
low and moderate income families pursuant to Section 502 of the
Housing act of 1949, as amended. Rate for Section 504 loans is 1%.
Guaranteed: loans to low or moderate income borrowers, 8%; above
moderate income borrowers, 8% plus .5% insurance charge.
17/ Statutory - direct and guaranteed loans to low and moderate income
borrowers: determined annually by the Secretary of the Treasury,
considering current average market yield on U.S. marketable oblig
ations outstanding of comparable maturities, adjusted to nearest 1/8
of 1%, less not to exceed differences between adjusted rate and
1% per annum. Guaranteed loans to above moderate income borrower:
as determined by the Secretary at rates comparable to combined rates
of interest and premium charges in effect under Title 12, Section
1709.
18/ Maximum authorization for direct rural housing loans is $30,000
thousand.
19/ Administrative - direct 3$; guaranteed, 9%. Statutory - rate
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable oblig
ations for comparable maturities adjusted to nearest 1/8 of 1%, less
not to exceed difference between adjusted rate determined by the
Secretary and 1% per annum.
20/ Administrative - direct, not to exceed 50 years; guaranteed, not to
exceed 40 years except for loans to provide housing for Senior
citizens only will not exceed 50 years. Statutory - as determined
by the Secretary.
Treasury Bulletin
182
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-II-2.—Continued
^ . Administrative: direct 3$, guaranteed 8$. Statutory rate is
•21/ determined annually by the Secretary of The Treasury, considering
current average market yield on outstanding U.S. marketable obliga
tions for comparable maturities adjusted to nearest l/8 of 1$.
22/ Maximum authorization shall not exceed $25,000 thousand each fiscal
year.
23/ Administrative - direct, current interest rate for eligible (moderate
income) applicants, 8$; ineligible (above - moderate) applicants'
interest rate, 8$ plus 0.5$ insurance charge. Statutory - determined
by the Secretary.
24/ Maximum authorization for direct and guaranteed loans amounts to
$1,750,000 thousand which has been prorated between the direct loans
and the gua 'anteed loans.
25/ Represents premium on insured loans; there is no premium on guaran
teed loans.
26/ Advances shall be paid within such period as the Commissioner may
deem appropriate in each case, depending on the maturity and
solvency of the reserve fund.
27/ Represents loans to students in institutions of higher education.
28/ After June 30, 1980, and not later than December 31, 1980, there
shall be a capital distribution of the student loan fund and not
less than quarterly thereafter.
29/ Loan allocations are made when needed as determined by surveys of
institutions.
30/ Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after student leaves school.
31/ Represents estimated insurance on loans outstanding and loan reports
in process of $2,652,213 thousand.
32/ Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held by the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 68 in Part III of this
table).
.22/ Represents maximum authority to borrow from the Secretary of the
Treasury, and funds provided by sales of participation certificates.
34/ Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
2 1 / Determined by the Federal Housing Administration and the Veterans
Administration.
2 k / Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
X L/ Includes loans of $2,551 thousand insured by the Federal Housing
Administration.
2 0 / Statutory - application fee, $10 thousand; commitment fee, 0.5$ of
principal up to $30,000 thousand and 0.1$ over $30,000 thousand.
Guarantee charges,3$ of principal amount guaranteed. Annual charge,
0.5$ of outstanding amount guaranteed for first seven years, 1$ of
outstanding amount guaranteed after seven years.
•22/ Loans m y be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing.
jf/
^
42/
W
42/
47/
L8/
.
22/
^
W /
22/
54/
figures^as o f Sept e m b e r -30, 1976,
the latest available.
As provided by an act approved August 6, 1956 (70 Stat. 1046), loan
allocations to irrigation land holdings not in excess of 160 acres
f?6e* Allocation t0 nonirrigation uses and irrigation
land holdings m excess of 160 acres bear interest based on the averfjp ra-fce
certain outstanding U.S. marketable obligations.
f _l°an rates are 5-9$, and Federal funds rate plus
3/8$. Direct loan rate is 5-1/2$.
Default of guaranteed loans.
Payment depends on liquidation of Penn Central State.
These figures are stated on an estimated basis.
Includes interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 69 in Part III of this table).
Administrative - minimum period consistent with applicant's ability
to repay, not to exceed maximum maturity set by statute of 15 years
individuals and 30 years for loans to association!?
fSl? S V ^ t °L lnierest 011 loans to the District of Columbia
+vS<L I t
J7
Secretary of the Treasury at the beginning of
the 6-month period in which the loans are made. Current rates
range from 2-5/8$ to 8-3/8$.
?,aianC?S from the Water> Highway, General, Sanitaiy
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333 dated June 30, 1976.
Shipment coverage rates as of December 31, 1976. were $0 13 to
88
on each $100 of financed portion (contact p ric e S s l
SSZJT!
•eSt r!te Wl11 be
abOTe £ Departoent of S T
'
a+
^orcowing rate for comparable maturities and will be fixed
at time of authorization.
J??lude! guaranteed interest of $1,715 thousand.
Shipment coverage rates as of December 31. 1976 were $0 5? +n
Shinment^100 °f financed portion (contract price minus cash payment)
55/ Statutory formulas set minimum rates based on yields of U.S. Govern
ment obligations of comparable maturity. Accordingly, rates charged
may exceed minimum and may vary from month to month. For De
cember 31, 1976, 6-l/2$ for E0L and 7-5/8$ for SBIC debenture purchases.
56/ Maximum authorization totals $7,250,000 thousand, which represents
appropriations made to the Administration. This amount has been
prorated between the direct loans and the guaranteed loans.
57/ No limitation has been placed on amount of direct or guaranteed
loans that may be outstanding at any one time.
58/ This figure represents the amount of participation by private enti
ties in partially guaranteed U.S. credit programs. This private
participation in the guaranteed loan programs of the various agencies
is as follows:
Amount
(In thousands
Agency
of dollars)
Funds appropriated to the President:
51,280
Overseas Private Investment Corporation........... Agriculture Department:
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise............................
211
Nonr-farm enterprise............ ,..........
3
Guaranteed emergency loans.....................
7,943
Guaranteed operating loans.....................
3,720
Guaranteed livestock loans.....................
104,078
Rural development insurance fund:
Guaranteed business and industrial development loans... 27,739
Commerce Department:
Economic Development Administration:
Economic development revolving funds............
32,320
Housing and Urban Development Department:
Federal Housing Administration................... 2,652,213
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees... ..................
11,953
General Services Administration:
Defense production guarantees...................
43,875
Veterans Administration:
Loan guaranty revolving fund.................... 33,704,025
Other independent agencies:
Small Business Administration:
Business loan and investment fund..............
652,826
Disaster loan fund..........................
1,312
Total....................................... 37,293,498~
59/ Excludes $32,559,700 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Mortgage Association,
guarantees of mortgage-backed securities fund. These securities are
backed by the Federal Housing Administration insured or Veterans
Administration^guaranteedmortgages held by the institutions.
60/ Most outlays of the Rural Electrification and Telphone revolving fund
and the Rural Telephone Bank has been classified off-budget since
May 12, 1973, by an act approved May 11, 1973 (87 'StSt. 65^71). The
Federal Financing Bank was established as an off-budget Federal agency
by an act approved December 29, 1973 (87 Stat, 941). Housing pro
duction for the elderly or handicapped was classified off-budget
pursuant to Public Law 93-383, dated August 22, 1974.
61/ Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
62/ Interest is 2$ on loans made prior to May 11, 1973. Loans made
after that date bear interest at 2$ or 5$ depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
(87 Stat. 69). Guaranteed loans will bear interest at rate agreed
upon by the borrower and the lender.
63/ This Bank is a mixed-ownership corporation.
64/ Interest rate is average rate of cost of moneys to the telephone bank
as determined by the Governor.
65/ Represents the Cooley loan program established by an act approved
August 13, 1957(7 U.S.C. 1704 (e)).
66/ This program was transferred from 0PIC to AID, pursuant to Section
222k of the FAA of 1974.
67/ Does not include advances of $2,190,000 thousand to the Federal
Home Loan Mortgage Corporation.
68/ At no time shall the aggregate outstanding advances made by any
Federal home loan bank to any member exceed 12 times the amounts
paid by such member for outstanding capital stock held by it (12
U.S.C. 1430 (c)).
69/ Consists of mortgages insured by the Federal Housing Administration
and guaranteed by the Veterans Administration amounting to
$1,617,510 thousand; less unamortized discount of $63,028 thousand;
participations in conventional loans of $814,609 thousand;
conventional whole loans of $681,570 thousand; less loan loss
reserve of $9,000 thousand.
St Statutory.
A p r i l 1977
18 3
CUMULATIVE TABLE OF CONTENTS
M ay 1976 through A pril 1977
Issues and page numbers
1976
1977
Sections
May
June
July
Aug.
V
V
V
V
V
V
V
IV
V
V
VI
VI
1
1
1
1
1
1
1
1
1
1
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
3
5
6
7
8
10
11
10
11
12
10
11
10
11
12
10
11
12
10
11
10
11
12
r10
11
10
11
10
11
10
11
12
10
11
12
13
...
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Article:
Federal fiscal onerations.
S u m m a r y of fiscal o p e r a t i o n s ................................
Budget receipts b y s o u r c e ....................................
Chart - Budget receipts b y s o u r c e ...........................
Budget outlays b y a g e n c y .....................................
Undistributed offsetting r e c e i p t s ...........................
Budget outlays b y f u n c t i o n ...................................
Investment transactions of Government accounts in
Federal securities (ne t ) ...................................
Tru s t fund t r a n s a c t i o n s ......................................
S e l e c t e d accrual data r eported b y Federal a g e n c i e s .......
Detail of excise t a x r e c e i p t s ...............................
S u m m a r y of internal revenue collections b y States
and other a r e a s .............................................
Federal o b l i g a t i o n s .............................................
Account of the U.S. Treasury.
Status of the Account of the U.S. T r e a s u r y ................
Analysis of changes in tax and l oan account b a l a n c e s .....
Gold assets and liabilities of the T r e a s u r y ...............
M o n e t a r v statistics:
Curre n c y and C o i n in C i r c u l a t i o n............................
Ee.dsr.al debt;
S u m m a r y of Federal d e b t ......................................
Computed interest charge and computed interest rate
o n interest-bearing public d e b t ...........................
Interest-bearing public d e b t .................................
M a t u r i t y d i s tribution and average length of m a r k e t
able interest-bearing public d e b t ........................
Government account s e r i e s ....................................
I nterest-bearing securities issued b y Government
a g e n c i e s ................................................. .
Participation c e r t i f i c a t e s ...................................
Debt subject to statutory l i m i t a t i o n .......................
St atus and application of statutory l i m i t a t i o n ............
Tr e a s u r y holdings of securities issued b y Government
corporation and other a g e n c i e s ...........................
Desc r i p t i o n of securities of Government corporations
and other business-type activities h eld b y the
T r e a s u r y .....................................................
Public debt onerations:
M a t u r i t y schedule of interest-bearing public marketable
securities other t h a n regular we e k l y and 52-week
T r e a s u r y bil l s o u t s t a n d i n g .................................
Offering of b i l l s .............................................
N e w m o n e y financing t h rough r egular w e ekly T r e a s u r y
b i l l s .........................................................
Offerings of public m arketable securities other than
r e gular w e e k l y T r e a s u r y b i l l s .............................
U n m atured marketable securities issued at a p r emium
or discount other t h a n advance refunding operations....
A llotments b y investor
classes o n subscription for
public marketable securi t i e s..............................
Dispo s i t i o n of public marketable securities other
than regular wee k l y T r e a s u r y b i l l s .......................
F or e i g n series securities (nonmarketable) issued to
o fficial institutions of f o reign c o u n t r i e s ..............
Foreign curre n c y series securities (nonmarketable)
issued to official institutions of foreign
c o u n t r i e s ....................................................
U n i i e d S t ates sayings bonds:
Sal e s and redemptions b y series, c u m u l a t i v e ...............
S a l e s and r e d emptions b y periods, all series
co m b i n e d ......................................................
Sales and redemptions b y periods, Series E t h rough K .....
R e d emptions of m a tured and u nmatured saving b o n d s ........
Sal e s and redemptions b y denominations, Series E and
H c o m b i n e d ....................... ...........................
S a l e s b y States, Se r i e s E and H c o m b i n e d ...................
...
12
...
...
...
•••
...
15
14
18
17
18
12
...
•••
•••
...
...
...
15
14
14
13
16
18
17
18
17
18
19
19
16
17
18
19
20
21
...
12
13
...
15
13
14
17
14
13
14
15
16
17
17
18
17
18
18
19
20
21
22
19
19
20
21
20
21
20
20
19
22
16-
19
20
23
20
22
21
22
21
21
20
23
17
20
21
24
21
22
23
21
22
22
21
22
21
22
20
21
23
24
17
18
20
21
21
23
22
24
25
21
22
23
24
23
24
22
22
23
23
21
22
24
25
18
19
21
22
23
25
26
22
23
25
26
27
28
24
25
26
27
25
26
27
28
24
25
26
27
24
25
26
27
23
24
25
26
26
27
28
20
21
22
24
25
27
28
29
23
23
24
25
26
26
27
29
30
24
25
26
27
29
28
29
28
28
27
30
24
27
28
31
28
19
20
22
29
31
22
23
30
29
33
34
34
35
34
37
38
42
30
31
_32
30
31
35
36
31
30
31
33
34
32
33
26
27
33
34
31
35
34
39
34
34
37
36
30
37
30
19
39
38
43
38
38
41
40
34
41
38
41
42
41
46
41
41
44
43
37
44
41
44
45
49
46
45
50
45
45
48
47
41
48
45
48
48
47
52
48
48
51
50
44
51
50
53
51
50
55
51
51
54
53
47
54
53
55
54
59
55
56
59
58
52
59
58
62
57
56
62
58
59
62
61
55
62
61
65
66
57
58
60
56
57
59
62
63
65
58
59
60
62
62
61
62
64
55
56
56
62
61
62
64
65
66
68
66
67
69
...
...
...
59
61
...
...
63
65
...
65
66
...
63
65
56
69
70
54
57
63
...
Treasury Bulletin
184
.CUMULATIVE TABLE OF CONTENTS _
M ay 1976 through A pril 1977—C ontinued
Issues and page numbers
\--------
1Q76
Secti o n s
May
1977
,
Dec.
Feb.
Mar.
June
July
Aug.
Sept.
61
60
66
62
63
66
67
59
66
65
71
70
62
63
64
61
62
63
67
68
69
63
64
65
73
64
65
66
67
68
69
68
69
70
60
61
62
67
68
69
66
67
68
72
72
73
74
71
72
73
Oct. 11 Nov.
Jan.
Apr.
U nited S t ates savings notes:
Ow n e rship of,..Federal s e g m t i e s :
Distribution b y classes of investors and types of
T r e a s u r v survev of o w n e r s h i p ...................................
T r e a s u r y survev - commercial b a n k o w n e r s h i p ..................
. . .
. . .
. . .
M arket auotations o n T r e a s u r v securities:
Average yields of lone-term.bonds:
Average y i elds of l o ng-term Treasury,
72
71
73
77
79
80
74 82
71
73
73
75
74
76
66
68
73
75
76
78
78
80
77
7Q
75
74
80
83
74
76
77
69
76
79
81
80
77
78
70
77
80
82
81
corporate, and
Chart - A verage yields of l o n g - t e r m Treasury,
76
E^^e_SML»Illzation F W :
Pal
s h e e t ............................... .
T
75
81
84
75
78
79
82
83
-
78
79
o<c
83
National b a n k reports:
Operating Income and Expense, and dividends of National
76
International financial statistics:
U.S. res e r v e a s s e t s . ...... ...................................
U."S. li q u i d and other liabilities to foreign
o fficial institutions, and liquid liabilities t o all
other f o r e i g n e r s ......... .................. .................
U.S. liquid and other liabilities to official
institutions of f o reign countries b y a r e a .................
Nonmarketable U.S. T r e a s u r y b o n d s and not e s issued
to official institutions of f o reign c o u n t r i e s . ...........
U.S. p o sition i n the International M o n e t a r y F u n d . ........
W e ighted average of exchange rate changes for the
d o l l a r . .................... ................................ .
Capitalmovements:
Liabilities to foreigners repor t e d b y b a n k s in the
Claims o n foreigners repor t e d b y ba nks in the United
S t a t e s ......... ...... ...... ................. .
Liabilities to foreigners b y n o n banking
concerns in the United S t a t e s ............. ............. ...
Claims on foreigners repor t e d b y nonban k i n g concerns
in the U n ited S t a t e s ............ ......................... .
Tr a n s actions in long - t e r m securities b y foreigners
re ported b y b a n k s and brokers in the U n ited States......
Fo r e i g n credit and debit b a lances in b rokerage accounts
77
77
84
85
76
80
79
71
80
78
78
85
86
77
81
80
72
79
79
86
87
78
82
81
80
81
80
81
87
88
88
89
79
80
83
84
82
82
89
90
81
85
85
92
93
93
93
100
99
99
103
109
118
81
83
81
83
84
85
73
82
84
85
86
82
83
74
75
83
84
85
86
86
87
87
88
85
84
76
85
87
88
89
84
88
87
79
88
90
91
Q9
101
92
96
95
87
96
98
99
100
106
107
98
102
101
93
102
104
105
106
103
110
111
102
106
105
97
106
108
109
110
109
118
116
125
117
126
108
117
112
121
111
120
103
112
112
121
114
123
115
124
116
125
...
...
...
...
...
...
...
...
...
...
...
...
. . .
. . .
127
128
130
132
134
136
137
139
141
. . .
. . .
143
128
129
131
133
135
137
138
140
142
144
123
124
. . .
. . .
. . .
F o r e i g n Currency Positions:
S u m m a r y ..........................................................
B e l g i a n Franc P o s i t i o n s ........................................
C a n a d i a n Do l l a r P o s i t i o n s ............ .........................
F r e n c h Fra n c P o s i t i o n s .........................................
G e r m a n M a r k P o s i t i o n s ..........................................
Italian Lira P o s i t i o n s .........................................
Japanese Y e n P o s i t i o n s .........................................
Swiss Franc P o s i t i o n s ..........................................
S t e e l i n g P o s l t l o n n .............................................
U n ited States D o llar
Positions A b r o a d ...............................................
E o r e i e n currencies acquired b y the U.S. Government
without payment of dollars:
F o reign curre n c y transactions, summary and c o untry uses
For e i g n cu r r e n c y transactions, U.S. uses and trust funds
Einancial, operations of Government agencies and funds:
Government corporations and other business-type
activities:
S t a t ements of financial c o n d i t i o n .........................
State m e n t s of income and r etained e a r n i n g s ..............
Federal credit programs:
Direct sales and repurchases of l o a n s ......................................................................................
Direct and guaranteed loans o u t s t a n d i n g . . ..................................................................
Tru s t funds:
Civil S e rvice R e t irement and Dis a b i l i t y F u n d ............
Federal Old-age and Surv i v o r s Insurance T r u s t F u n d ......................
F ederal D i s a b i l i t y Insurance Tru s t F u n d . .................
Federal Hospital Insurance Trust Fund.......................................................................................
Federal S u p p l e m e n t a r y Me d i c a l Insurance T r ust F u n d ......................
R a i l r o a d Retire m e n t A c c o u n t s ....................................................................................................................................
Unemployment Trust Fund.............................................................................................................................................................
National Service Life Insurance Fund............................................................................................
Investments of specified trust accounts.....1...............................................
. . .
. . .
. . .
. . .
. . .
. . .
. . .
;
. . .
. . .
* ••
••
•
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. . .
84
•
• • •
• • •
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. . .
. . .
127
128
n o
1 O 'l
jn. j /- 4
. . .
129
130
147
121
148
147
148
149
150
152
153
154
155
157
158
120
121
120
123
115
XtL O
176
. . .
127
. . .
i on
JL/CO
. . .
133
134
. . .
. . .
. . .
. . .
136
138
139
125
130
131
. . .
. . .
J1 . “J70
t'
'i.'i
1
135
X JO
. . .
. . .
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. . .
224
225
226
228
229
230
231
232
234
. . .
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@FedFRASER