Full text of Treasury Bulletin : April 1981
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
HI 10 DEPARTMENT OF THE TREASURY FISCAL SERVICE, BUREAU OF GOVERNMENT FINANCIAL OPERATIONS POSTAGE AND FEES PAID DEPARTMENT OF THE TREASURY TREAS OFFICE OF THE COMMISSIONER WASHINGTON, - SS3 D.C. 20226 OFFICIAL BUSINESS PENALTY FOR PRIVATE USE, S300 FIRST CLASS f C Take c . ^ stock ; in^mcnca. Buy U. S. Savings Bonds UNITED STATES TREASURY DEPARTMENT OFFICE OF THE SECRETARY i; The Treasury Bulletin is for sale by the t Superintendent of Documents, I*' • T, ?' C U U.S. Government Printing Office, Washington, D.C. 20402 Subscription per year $50.00 domestic, $62.50 foreign. Single copy price ($4. 25 domestic, $5.35 foreign.) Treasury Bulletin April 1981 DEPARTMENT OF THE TREASURY WASHINGTON. OFFICE OF THE SECRETARY D.C. t Ml* e: U April 1981 CONTENTS Page Article VI Treasury Financing Operations - FEDERAL FISCAL OPERATIONS FFO-l. - Summary of Fiscal Operations i FFO-2. - Budget Receipts by Source 3 Chart - Budget Receipts by Source 5 FFO-3. - Budget Outlays by Agency 6 FFO-4. - Undistributed Offsetting Receipts 8 FFO-5. - Budget Outlays by Function FFO-6, - Investment Transactions of Government Accounts in Federal Securities (Net) 11 FFO-7. - Trust Funds Transactions 12 - Summary of Internal Revenue Collections by States and Other Areas. 13 pj.p,(, "^ FEDERAL OBLIGATIONS FO-l. - Gross Obligations Incurred Within and Outside the Federal Government by Ob j ect Class 1* FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency 15 FO-3. - Gross Obligations Incurred Outside the Federal Government, Comparative Statement bv Months ACCOUNT OF THE U.S. '' TREASURY '° UST-l. - Status of the Account of the U.S. Treasury UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances ^^ Gold Assets and Liabilities of the Treasury •''' UST-3. - MONETARY STATISTICS MS-1, - Currency and Coin in Circulation ^^ FEDERAL DEBT FD-l, - Summary of Federal Debt ^' FD-2. - Computed Interest Chdrge and Computed Interest Rate on Interest-Bearing Public Debt 22 FD-3. - Interest-Bearing Public Debt 23 FD-4, - Government Account Series 24 FD-5. - Interest-Bearing Securities Issued by Government Agencies......... 25 FD-6. - Participation Certificates -^ FD-7. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt ^^ FD-8. - Debt Subject to Statutory Limitation 2' FD-9. - Status and Application of Statutory Limitation FD-10. - Treasury Holdings of Securities FD-11. - 28 29 Description of Securities of Government Corporations and Other Business-Type Activities Held by the Treasury PUBLIC DEBT OPERATIONS PDO-l. - Maturity Schedule of Interest-Bearing Marketable Public Debt Seonrttlaa 35 PDO-2. - Offerings of Bills 36 PDO-3. - New Money Financing through Regular Weekly Treasury Bills 38 PDO-4. - Offerings of Public Marketable Securities ''^ PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount ''^ PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities, 47 PDO-7. - Disposition of Public Marketable Securities 50 PDO-8. - Foreign Series Securities 51 PDO-9. - Foreign Currency Series Securities Issued to Residents of Foreign Countries.... 54 ^^ Treasury Bulletin CONTENTS UNITED STATES SAVINGS BONDS Page - Sales and Redemptions by Series, Cumulative 55 SB-2. - Sales and Redemptions by Periods, All Series Combined 55 SB-3. - Sales and Redemptions by Periods, Series E through K 56 SB-1, SB-4. - Redemptions of Matured and Unmatured Savings Bonds 58 SB-5. - Sale and Redemptions by Denominations Series E and H Combined 59 SN-1, - Sales and Redemptions by Periods,.. UNITED STATES SAVINGS NOTES 60 OWNERSHIP OF FEDERAL SECURITIES OFS-1. - Distribution of Federal Securities 61 OFS-2, - Estimated Ownership of Public Debt Securities 62 TREASURY SURVEY OF OWNERSHIP «<>< TSO-1, - Summary of Federal Securities TSO-2. - Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution ,,,, ^^ TSO-3, - Interest-Bearing Marketable Public Debt Securities by Issue t^ TSO-4, - Securities Issued by Government Agencies ^^ TSO-5, - Securities Issued bv Government-Sponsored Agencies and D.C '^'^ i MQ-l. »•' c. 5 r; u f>3 April 1981 jjj CONTENTS CAPITAL MOVEMENTS LIABILITIES TO FOREIGNERS REPORTED BY BANKS p«8« - U.S. 83 CM-I-1. - Total Liabilities bv Type of Holder CM-I-2. - Total Liabilities by Type, Payable In Dollars CM-I-2. - Total Liabilities to Nonmonetary International and Regional OrganizaCions by Type, Payable In Dollars - Part B CM-I-3. - Total Liabilities by Country CM-I-4. - Total Liabilities bv Tvpe and Country CM-II-1. - Total Claims by Type (old Series) CM-II-2. - Total Claims by Tvpe (New Series) CM-II-3. - Total Claims by Country gg 89 CM-II-4. - Total Claims by Type and Country Reported by Banks in the U.S 90 CM-II-5. - Banks' Own Claims, by Type CM-II-6. - Banks' Own Claims by Type and Country Payable in Dollars CM-II-7. - Domestic Customers' Claims by Tvpe - Part A g^ 85 ^^ 87 CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE WITKD STATES 88 gj 92 93 SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS - U.S. CM-IIT-1. - Dollar Liabilities to, and Dollar Claims on. Foreigners in Countries and Areas Not Regularly Reported Separately 94 CM-III-2. - Dollar Claims on Nonbanklng Foreigners 95 LIABILITIES TO FOREIGNERS REPORTED BY NONBANKINC BUSINESS ENTERPRISES IN THE UNITED STATES CM-IV-1. - Total Liabilities by Tvpe 9b CM-IV-2. - Total Liabilities by Country 97 CM-IV-3. - Total Liabilities by Type of Country 98 CLAIMS ON FOREIGNERS REPORTED BY NONBANKINC BUSINESS ENTERPRISES IN THE UNITED STATES CM-V-1. - Total Claims, by Type CM-V-2. - Total Claims, by Country 100 CM-V-3. - Total Claims, by Type and Country 101 99 TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS CM-Vl-1. - Foreign Purchases and Sales of Long-Term Domestic Securities 102 CM-VI-2. - Foreign Purchases and Sales of Long-Term Foreign Securities 102 CM-VI-3, - Net Foreign Transactions in Marketable U.S, Treasury Bonds and Notes by Country... 103 CM-VT-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country.. 104 CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds CM-VI-6. -Net Foreign CM-VI-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country 107 CM-VI-8. - Net Foreign Transactions In Foreign Stocks by Country 108 CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities, Latest Date 109 CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities, Latest Year 110 I'.S. Tr p^n sac t ions in Domestic Stocks by Country 105 '' 106 IV Treasury Bulletin CONTENTS FOREIGN CURRENCY POSITIONS ''**' SUMMARY POSITIONS FCP-I-1. - Nonbanking Firms' Positions 112 FCP-I-2. - Weekly Bank Positions 112 FCP-I-3. - Monthly Bank Positions 112 FCP-II-1. - Nonbanking Firms' Positions 113 FCP-II-2. - Weekly Bank Positions 113 FCP-II-3. - Consolidated Monthly Bank Positions CANADIAN DOLLAR POSITIONS 114 FRENCH FRANC POSITIONS FCP-TII-1. - Nonbanking Finns' Positions FCP-III-2. - Weekly Bank Positions 115 FCP-III-3. - Consolidated Monthly Bank Positions 116 FCP-IV-1. - Nonbanking Firms' Positions 117 FCP-IV-2. - Weekly Bank Positions 117 FCP-IV-3. - Consolidated Monthly Bank Positions 118 FCP-V-1, - Nonbanking Firms' Positions 119 FCP-V-2. - Weekly Bank Positions 119 135 GERMAN MARK POSITIONS ITALIAN LIRA POSITIONS JAPANESE YEN POSITIONS liii FCP-VI-1. - Nonbanking Finns' Positions 120 qiM' FCP-VI-2. - Weekly Bank Positions 120 Cnii FCP-VI-3. - Consolidated Monthly Bank Positions •' W"" FCP-VII-1, - Nonbanking Firms' Positions FCP-VII-2. - Weekly Bank Positions 122 FCP-VII-3. - Consolidated Monthly Bank Positions 123 FCP-VIII-1. - Nonbanking Firms' Positions 124 FCP-VIII-2. - Weekly Bank Positions 124 FCP-VIII-3. - Consolidated Monthly Bank Positions Hi;:: «ll|: I 122 STERLING POSITIONS UNITED STATES DOLLAR Si 121 SWISS FRANC POSITIONS 125 POSITIONS ABROAD FCP-TX-1. - Nonbanking Firms' Foreign Subsidiaries' Positions xlb FCP-IX-2. - Weekly Bank Foreign Office Positions 126 FCP-IX-3. - Monthly Bank Foreign Office Positions 127 Citii April 1981 y CONTENTS FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES GA-1-2. - Statements of Income and Retained Earnings OO FEDERAL CREDIT PROGRAMS GA-II-1. - Direct Sales and Repurchases of Loans 165 GA-lI-2. - Direct and Guaranteed Loans Outstanding 166 Cumulative Table of Contents etails of figures may not add to totals because of rounding. 173 Treasury Bulletin VI Treasury Financing Operations Auction of 2-Year and 4-Year Notes March On Treasury Che 11 that would it S4,750 million of 2-year and 53,500 million of U~ auction from any one bidder were accepted in less for SI million or announced full at the average yield of accepted tenders. 13.21Z. price These totaled S156 million. 99.310. year notes to refund $5,366 million of notes maturinE March Tenders and to raise $2,884 million new cash. 1981, 31, received were Reserve Federal at banks and The notes branches and at the Bureau of the Public Debt. Washington, offered were Treasury Notes of Series P-1983, March March 31,1983, due 1981, 31, Series G-1985, to be dated March with bonds, n.C. Bearer bonds registered coupons interest attached, and Treasury Notes of and 31, to be dated due March 1981, as principal to were interest and 31. authorized to be issued in denominations of SI. 000, S5.000, 1985, with interest payable on September 30 and March 31 in $10,000, S100.000,and $1,000,000. each year until maturity. Coupon rates of 12-5/8X and 13- respectively, were set after the determinations as to 3/8Z, Auction of 7-Year Notes which tenders were accepted on of which translated yield basis, a into average the averages On March accepted prices close to the Treasury also announced that 17 would it auction $2,750 million of 7-year notes to raise new cash. 100.000. The notes offered were Treasury Notes of Series D-1988, Tenders for the 2 -year notes were received until t : March 18. and totaled $10,023 million, to 30 be dated April EST. p.m., of which payable October on due April 1981, 6, and 1^ April with 1988. 15, each in 15 interest until vear $4,756 million was accepted at yields ranging from 12.61Z, maturity. price up to 12.68X. price 99.905. 100.026. coupon A for million or SI from less any full in average the at the tenders were accepted on a yield to which bidder were one basis, accepted after set Noncompetitive determination as tenders was 13-1/4Z of rate yield average the which of translated into average an accepted of accepted price close to lOfl.OOO, competitive tenders, S978 million. included *>9.957. price 12.652, $867 million of tenders at Federal These totaled Tenders $4,756 million of accepted tenders also TTie Reserve banks the average price agents as from foreign for and March EST. for million was the bonds were received accepted at ranging yields of which 52.752 price from 13.24Z, Noncompetitive tenders international monetary authorities in exchange for maturing 100.025, up to 13.3931. price 99.355. securities. for SI million or less from anv one bidder were accepted in 13.34%. price full at the average vield of accepted tenders, addition to the S4, 7 56 million of tenders accepted In These totaled $309 million. 99.577. in auction the S700 process, million tenders of were their own account S68 million from tenders were accepted at the average price of Federal exchange for maturing securities, and in Reserve banks agents as foreign for and Tenders the 4-year and 24, notes were received unti 1 I 99.744, tenders for accepted up competitive full or at tenders. S493 million. included 5U. price 99.593. 13. million SI in to from less the I3.49X, any average price noncompetitive bidder were one vie Id 99.653. agents accepted of These banks agents as foreign for foreign for authorities monetarv international and were Tenders received Reserve Federal at D.C Bearer . with notes, registered notes as principal and attached, couDons interest to banks Washington, . and were interest and authorized to be issued in denominations of SI. 000, S5,000, $10,000, $100,000, and 51,000,000. totaled The $3,505 million of accepted tenders also Reserve were tenders of branches and at the Bureau of the Public Debt 52-Week Bills S355 million of tenders at the average price from Federal million S215 process, accepted at the average price from Federal Reserve banks as :30 of which totaled S6,649 million, million was accepted at yields ranging from 13.46t, S3. 50 5 price for March EST, auction the in for new cash. international moneCarv authorities for new cash. p.m., addition to the 52,752 million of tenders accepted In accepted at the average price from Federal Reserve banks for c: 1:30 p.m., until and totaled $5,314 million, 31, and March On 13 were tenders invited approximate Iv for S4,500 million of 364-day Treasury bills to be dated March international monetary authorities in exchange for maturing 26, securities. refund S4,016 million of 359-day bills maturing March 26 and to mature March and 1981, 25, The issue was to 1982. !Siii addition to the $3, 505 mil lion of tenders accepted In in C auction the accepted at process, million $259 of tenders were average price from Government accounts and the Federal Reserve banks for their own account in exchange for u to were received both in auctions They $8,791 Tenders were opened of which million, including accepted. was bills issued for at million S242 on $4,500 of monetary international average price to Federal Reserve the themse Ives Federal at totaled noncompetitive tenders from the public and $1,429 million of banks Tenders mil lion new cash. S484 19. million the maturing securities. raise March and as agent foreign for s authorities. and bank average The Reserve banks and branches and at the Bureau of the Public discount rate was 11.481%. Debt, Washington. attached, Bearer notes, with interest coupons D. C. and notes registered as to principal and interest were authorized to be issued in denominations of Cash Management Bills $5,000, $5,000, $10,000, $100. OOO, and $1,000,000 in the case of the 4-year notes. March On SIO.OOO. $100,000, and $1,000,000 in the case of the 2-year notes and $1,000, 1 , 1981 raise March 17 the Treasury announced that it 1980. were invited maturing April 23, new cash. totaled On tenders representing an additional , April 29, Auction of 20-Year l-Month Bonds 20 approximately for $6,000 million of 22-day Treasury bills to be issued April would of bills dated The issue was to They were opened on March 25. Tenders $12,438 amount 1981. million, which of $6,004 million was The average bank discount rate was 13.762Z. accepted. auction $1,750 million of 20-year 1-month bonds to raise new cash. The bonds offered were Treasury bonds of 2001, to be 13-Week and 26-Week Bills dated April 2. 1981, due Hay 15, 2001. with interest payable on November 15 and Hay 15 in each year until maturity. Issues A of regular weekly Treasury approximately S34,4O0 million. bills in March issues were coupon rate of 13-1/8Z was set after the determination as to totaled which tenders were accepted on a yield basis, the average of offered to refund approximately $32,150 million of maturing which regular bills translated into an average accepted price close to In 100.000. the and 13-week Tliese to raise about $2,250 million new cash. series there were four issues of $4,300 mil lion. Tenders EST. for the bonds were received until 1:30 p.m., March 26. and totaled $2,900 million, of which $1,750 million was accepted at yields ranging from 13.131, 99.870, up to 13.26Z, price 98.963. price Noncompetitive tenders In the 2 6 -week series there were million. four issues of 54,300 Average rates for the new issues are shown in the following table. , , April 1981 Vll Treasury Financing Operations-Continued for $1 million or less Auccion of 2-Year and 4-Year Notes March On announced Treasury the 1 1 that auction $4,750 million of 2-year and 53,500 million of 4- and to raise $2,884 aillion new cash. 1981, to be dated offered were Treasury notea of series P-1963, March March due 1981, 31, series 0-1985, to 31,1983. dated March be D.C Treasury notea of and due March 1981, 31. branches 31, 1985, with interest payable on September 30 and March 31 with bonds, registered bonds Reserve Federal at banks the Bureau of the Public Debt, at coupons interest principal to as and Washington, attached, and and were interest authorized to be issued in denominations of 51,000, $5,000, in $10,000, $100,000, and $1,000,000. Coupon rates of 12-5/8Z and 13- each year until maturity. respectively, were set after the determinations as to 3/8Z, and Bearer . received were Tenders The notes 13.Z1Z, price These totaled S156 million. 99.310, year notes to refund $5,366 million of notes maturing March 31, from any one bidder were accepted in full at the average yield of accepted tenders, wouLd it Auction of 7-Year Notes which tenders were accepted on yield basis, the averages of which translated average into accepted close prices On Harch 17 the Treasury also annouonced that to $2,750 million of 7-year notes auccion 100.000. would it new cash. to raise The notes offered were Treasury notes of series D-1988, Tenders for the p.m., -year notes were received until 2 March 18, and totaled $10,023 million, EST, 1 30 : of which payable $4,736 million was accepted at yields ranging from 12.61t, price up to 100.026, tenders for accepted full in competitive tenders, were accepted of included $867 million of tenders at the average price from Federal Reserve banks agents as foreign for rate 15 in 13-1/4Z of with each was and international monetary authorities in exchange for maturing basis, average the Tenders of translated which into to auction $4,756 million of tenders accepted the million $700 process, their own account tenders of for received were bonds the until exchange for maturing securities, and in Reserve Federal banka agents as and foreign for Tenders notes were received until the 4-year for March EST, and totaled $6,649 million, 24, $3,505 million was accepted 99.744, tenders for accepted up competitive price full or million was accepted at yields ranging , price from 13 .24Z, Noncompetitive tenders 100.025, up to 13.39Z, price 99.355. tenders, any average price 13.49Z, bidder one yield 99.653. were accepted of These included $355 million of tenders at the average price Reserve banks agents as auction mi ,7 52 tenders accepted ion of 11 million $215 process, were tenders of accepted at the average price from Federal Reserve banks as agents foreign for Tenders branches were and monetary international and received authorities Reserve Federal at the Bureau of the Public Debt at with notes, D.C. Bearer notes registered as coupons interest principal to banks and Washington , and attached, were interest and authorized to be issued in denominations of SI, 000. S5,000, $10,000, SIOO.OOO, and SI. 000, 000. 52-Week Bills On from foreign for addition to the $2 In the in totaled The $3,505 million of accepted tenders also $493 million. 13.34Z, price piese totaled $309 million. 99.577. :30 Noncompetitive 99.593. from less the at 1 of which from I3.46Z at yields ranging 13.51Z, to million SI in Federal p.m. :30 for new cash. international monetary authorities for new cash. price 1 were tenders were accepted at the average price $68 million of p.m., average an March 31. and totaled $5,314 million, of which $2,752 EST, accepted at the average price from Federal Reserve banks for from i 1 the accepted price close to 100.000. full at the average yield of accepted tenders, In addition the unt after for SI million or less from any one bidder were accepted in securities. in year set to interest determination as to which tenders were accepted on a yield The $4,756 million of accepted tenders also $978 million. 1988, April 15, totaled These 99.957. price 12.65Z, bidder one yield average the at from any less and 15 coupon A due April 1981, October on maturity. Noncompetitive price 99.905. 12.68Z, million or $1 April 6, be dated and March invited were tenders 13 approximately for $4,500 million of 364-day Treasury bills to be dated Harch to mature March and The issue was to 1982. international monetary authorities in exchange for maturing 26, securities. refund $4,016 million of 359-day bills maturing March 26 and addition to the $3,505 million of tenders accepted In in auction the accepted at process, the average million $259 of tenders were price from Government accounts and Reserve banks for their own account in exchange for Federal to raise March received were both in Reserve banks and branches and at Debt, Washington, attached, were the Bureau of Federal at the Public to was bills be issued in denominations of issued at average the themselves for of and monetary price Federal to agents as average The authorities. Reserve foreign for and bank discount rate was 11.481Z. Cash Management Bills March On 1 , 1981 totaled Treasury the announced that would it were tenders invited representing an additional , 1980, new raise Auction of 20-Year 1-Month Bonds 20 approximately for $6,000 million of 22-day Treasury bills to be issued April April 29, 17 on $4,500 mil lion $242 including opened of which S5,000, in the case of the 4-year notes. March Tenders were million, $8,791 accepted, international $100,000, and $1,000,000 in the case of the 2-year notes and $1,000, $5,000, SIO.OOO, $100,000, and $1,000,000 On totaled Bearer notes, with interest coupons D.C. and notes registered as to principal and interest authorized $10,000, auctions They noncompetitive tenders from the public and SI, 429 million of banks Tenders 25, million new cash. S484 19. million the maturing securities. 1981, maturing April 23, cash. Tenders were ,4 38 mil lion, of S12 amount 1981. opened which on of bills dated The issue was to They March 25. S6 ,004 million was The average bank discount rate was 13.762Z. accepted. auction $1,750 million of 20-year 1-month bonds to raise new The bonds offered were Treasury bonds of 2001, to be cash. 13-Week and 26-Week Bills dated April 2, 1981, due Hay 15, 2001, with interest payable on November 15 and Hay 15 in each year until maturity. which tenders were accepted on which translated into an a yield basis, the average of average accepted close price Issues A coupon rate of 13-1/8Z was set after the determination as to to totaled regular weekly Treasury bills These March in issues iirere offered to refund approximately $32,150 million of maturing regular In 100.000. of approximately $34 ,400 million. the bills and 13-week to raise about aeries there $2,250 million new cash. were four issues of $4,300 million. Tenders EST, for the bonds were received until 1 :30 p.m. , Harch 26, and totaled $2,900 million, of which $1,750 mil lion was 99.870, accepted up to 13.26Z, at yields ranging price 98.963. from 13. 13Z , price Noncompetitive tenders In million. the 26-week series there were four issues of $4,300 Average rates for the new issues are shown in the following table. Treasury Bulletin VIII Treasury Financing Operations-Continaed determined Date of Issue the in auction. deposit No accompany need tenders from incorporated banks and trust companies and from Annual average rate (bank discount basis) responsible and recognized dealers in investment securities for bills to be maintained the on Federal Reserve banks and branches. book-entry records A deposit of 2 of percent of the par amount of Che bills applied for nust accompany tenders March 14.463 13.996 12.758 12.695 5 for bills such others from unless , express an guaranty of payment by an incorporated bank or trust company 14.133 13.427 12.096 12.274 accompanies the tenders. Noncompetitive tenders (without stated price) for $500,000 or , usually from any one bidder, for each issue of less 13-week, 26-week, and 52-week bills, are accepted in full at Treasury Bills (other than Cash Manaeement Bills) - Genera l the weighted average price of accepted conqietitive bids for an issue. Treasury compet it ive their are par bills and are sold on noncompet it ive amount is a discount bidding, payable without basis and issued entirely in book-entry form in a All seriea minimum amount on the Treasury. and are received from individuals at the Bureau of the Public Tenders Payment tenders book-entry Reserve banks and amount par the SIO.OOO par full submitted records must of be in multiples of amount applied for must for bills to be maintained the Department of the A cash adjustment will be made for the difference and 5 2 -week bills may of Treasury securities Payment for 13-week, 26- not be made by credit in Honmarketable Foreign Series - Foreign Governments Dollar-denominated foreign series securities issued to Each tender must be for a minimum of over for Federal at between the par payment submitted and actual issue price as Iji,.,. like Treasury tax and loan accounts. accompany all Cllii: a week, $5,000. W.il in Department of the Treasury. $10,000. p. or either of the Federal Reserve banks and branches, or of the Debt, Washington, D.C. \,, funds maturing on or before that date. Tenders wc: for accepted tenders must be made or completed on the date of issue, in cash or other immediately available of SIO.OOO and in any higher $5,000 multiple, on the records branches Mi:::; Payment maturity at interest. under official institutions consisting of $660 5 million. foreign million. series bills. At the in March totaled $835 million, Redemptions during the month totaled end securities of March, outstanding (Detaila are shown on page 53.) dollar-denominated totaled $17,725 April 1981 .FEDERAL FISCAL OPERATIONS. Table FFO-1. - Summary of Fiscal Operation! (In millions of Hollars) Means of Budget receipts and outlays Borrowing from the puhlic Fiscal year or month Net Net or receipts outlays deficit Puhlic deht securi- 1/ 11 (~J x.iK& Surplus (1-2) 1977 1978 1979 1980 208,649 232,225 264,932 280,997 300,006 81,773 357,762 401,997 465,955 520.050 1981 (Est.) 1982 (Est.) 05U,336 1972 1973 1974 1975 1976 T.Q 1980-Feb Mar Apr May June July Aug Sept Oct Nov Dec 1981-Jan Feb Fiscal 1981 to date 232.021 247,074 269,620 326.185 366,439 94,729 402,725 450,836 -23,372 -14,849 -4,689 -45,188 -66,434 -12,956 -44,963 -48,839 J_ll><>i,ba7 TJ-n,b57 579.011 -5«.o6l 655,173 695,297 -44,9f,l ',CC,279 r 37.866 33.351 61.097 36,071 59,055 37,348 44,259 53,544 38,923 39.175 48,903 52.214 38,394 47.151 46.566 51,237 50,198 46,702 52,409 50,755 47.289 56,304 48,049 56,202 59.099 53,969 217,610 273,624 r -54,894 r -9.285 -13.215 9,860 -14,127 12,353 -15,062 -6,496 6,255 -17,382 -8,874 -7,299 -6.884 -15,575 -56,014 29.131 Aeencv securities — Federal Investments of Hovernment accounts 3/ f inancinB--transact ions securities Cash and monetarv assets tdeduct) Within Benera 1 account of the Total (4*5-6) II. S, Treasury 4/ U.S. Treasury operating cash Special drawing rights 5/ Other Gold tranche drawing rights 6/ Treasury Bulletin FEDERAL FISCAL OPERATIONS. Footnotes to Table FFO-1 Not aval lable. Revised. r Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Note: Budget est i mates are based on the Current Budget Estimates FY 1982, released on March 10, 1981, hv the nffice of Manapement and Budget. For detail see Table F 0-2. For detail see Table FFO-3. 2/ For detail see Table FFO-6, Beginning fiscal 1975, balances "Within general account of the U.S. 4^/ Treasury" are presented in columns 9 and 13. Represents holdings of special drawing rights, less certificates issued _5/ to Federal Reserve banks. ^/ Represents activity of the International Monetary Fund. The joint Treasury-Office of Management and Budget Press Statement, 2/ released with the Monthly Treasury Statement, has adiusted these totals to include operating expenses and interest receipts of the Exchange n a. . , U y t.tM Liu 0:;: Stabilization Fund. The totals the oress release are S493.6 billion for outlavs and -S 27.7 billion for the deficit, Includes oublic debt accrued int erest oavable to the public deposit funds mi see llaneous asse t and Liability accounts, and as of July 1974, the gold balance. Inc ludes: Seigniorage increment of gold; fiscal 1969 conversion of certain corporat ions to private wnership; fiscal 1970 reclassification of Commodity Credit Corpioration certificates of interest; fiscal 1974 conversion of interes t receipts of Government accounts to an accrual basis; and net out I ays of of f -budget Federal agencies Also includes rural electrif icat on and telephone revolvinp fund since May 1-2, 1973, Postal Service fund since July 1973, Federal Financing Bank since Julv 1974, housing for the elderly or handicapped fund from August 22 1974, through Seotembe r 30, 1977 and Pension Benefit Guaranty Corooration from September 17, 19 through September 30. 1980. For detail see Table FD-5. : , ; . , April 1981 ..FEDERAL FISCAL OPERATIONS. Table FFO-2. - Budget Receipts by Source 1 1 I ions of Ho lars) ' Social insurance taxes and contributions Income taxes Fiscal year or month Emplovment taxes and contributions f^orporat ion Net budget receipts Net Withheld 1/ income taxes Old-ape disability, and hospital insurance , Gross Treasury Bulletin 4 FEDERAL FISCAL OPERATIONS Table FFO-2. - Budget Receipt! by Source-Continued (In mi 1 lions of dollars) Socia I insurance taxes and contributions Con. Fiscal year or month 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 (Est... 1982 (Est. 1980-Mar Apr. . . . May June. July... . Aug. Sept. Oc t . . . . . Nov Dec. . . 1981-Jan Feb. ... Fiscal 1981 to date. . . ^ •i;::;;; Mil ISii'., <:ii social insurance taxes and contribut ions 53 1981 «>::!: Miscel [aneous Fiscal year or month Airport and airway trust fund Highway trust fund Net Gros f^ross Refunds Gross Refunds Net March 1981 I = o moCD W o o ID FEDERAL FISCAL OPERATIONS i Treasury Bulletin > FEDERAL FISCAL OPERATIONS Table FFO-8. - Budget Outlays by Agency (In millions of Ho)lars) LeeisFiscal year or month 7 April 1981 FEDERAL FISCAL OPERATIONS Table FFO-8. - Budget Outlays by Agency-Continued (In millions of doltarsl Fiscal year or month Justice Treasury Bulletin 8 -FEDERAL FISCAL OPERATIONS. Table FFO-4. - Undistribnted Offsetting Receipta (In millions of dollars) Federal employer contributions to ret irement funds Health and Human Services Fiscal year or month 1972 1973 1974 1975 1976 742 T.O 1977 1978 1979 1980 1981 Federal old-ajre, disability, and hospita 1 insurance (Est. ) 1982 (Est. ) 1980-Feb Mar Ap r May June July Aug Sept Oc t Nov Dec 1981-Jan Feb Fiscal 1981 to date. Office of Personnel Management Interest credited to certain Government accounts Defense Department Soldiers and Airmen 's Home permanent ' Civil Service retirement and disabi lity fund Other 1/ Total fund Health and Human Services Federal old-age and survivors insurance trust fund Federal disability insurance trust fund Federal hospital insurance trust fund Federal supplementary medical insurance trust fund pril 1981 FEDERAL FISCAL OPERATIONS. m, Table FFO-6. - Budget Outlays by Function! (In millions of Hol'arsi Mav Aue. Sept. ll,51f, 11.499 151 1 165 -3 11,666 11,698 -iLine Nov. Dec. 13.167 -137 11,945 -131 12,752 -144 -14 in -2 -3 11.636 13,040 11.812 Ciimiila- Conipar- tive to Hate able period fiscal I9sn Ian. FeS. 12,658 12,827 26 14 12,605 12,682 12,840 62,980 54,117 951 .onal defense 'tlays oprietary receipts from the public itrabudgetary transactions Total 11,259 -83 11.735 11,622 6 35 -1 2 11,174 11,742 11,598 -50 12,017 -129 5-5-3 11,593 11.543 11.885 12,iaS -523 ^~~ rnationai affairs tlays oprietary receipts from the public trabudgetary transactions Total ~ 2,038 -989 1,634 -817 1,255 -607 1,589 -1.239 2,568 -1,119 1.128 -582 1,213 -539 1,487 -482 7.873 -3,523 6,902 -2,013 _ _ -26 -4 -1 -8 - 2.783 -1,500 -33 -55 - 1.SS3 -1,205 -147 1.440 -447 - - - -42 -43 r827 1,048 837 648 325 1.445 546 532 984 674 1.249 396 1,005 4,307 4,845 556 598 * 549 618 _* 531 _* 2,473 _ 441 _* 2,727 _ 391 _ _l _j 556 391 588 549 618 440 531 2,726 2,472 ~ ^ ~~ " *-*-*-*_*_* 545 Total 54,510 -399 16 -371 -2-1 r928 -102 ral science, space, and technology tl«ys oprietary receipts from the public 61,15n 545 526 526 508 508 516 527 527 516 503 503 =========^=====================================^^=============^^=^^==^== --------6----- SL tl^ys oprietary receipts from the public trabudgetary transactions Total onal resources and environment 'Isys oprietay receipts from the public , erce and housing credit tlay» oprietary receipts from the public trabudgetary transactions Total 750 -93 756 -m 716 -123 -89 923 -78 1,153 -238 1,063 -237 4.716 -in 758 -122 754 -80 -761 3,024 -678 r5e7 311 625 624 657 619 645 630 631 627 845 915 826 3,955 2,345 1.544 -212 -17 1,578 -153 -19 1,366 -262 -17 1,460 -109 -26 1,287 -135 -18 1,243 -200 -26 6.932 -863 -106 6,764 -840 541 703 -_ ' 1,136 r-169 Total Total 729 -104 730 -230 " trabudgetary transactions culture t'"ys oprietary receipts from the public r737 r-l50 1,278 -150 -11 1,182 -197 -15 -5 1,310 -170 -10 r956 970 1,123 1,130 " 1,294 -130 1,437 -109 -6 -12 1,528 -242 -10 1,159 1.3I6 1,275 1,314 1.406 1,086 1,325 1,134 1,017 5,963 5,850 192 28 868 1,386 -31 2.937 46 407 -55 5,791 11 -2 4,025 -109 221 878 1,355 2,984 352 5.789 3,915 3,120 -15 3,636 -15 _1 _1 ~~^ '~~~~ 216 -53 303 138 480 660 -245 -115 37 18 -2 -37 -2 -16 -136 -47 163 340 156 478 623 -247 -131 -184 ~ " rl39 r-4 582 -3 -74 ' 699 1.135 928 -3 -2 -4 -*-*-*_*_* 784 -3 -22 -3 1,629 -354 -198 -2 -3 _ _ * _ 1,055 -4 _* 990 -3 _ -2 _* -4 _* 91 rl35 579 696 1,133 924 781 88 -26 1.626 -357 1,051 988 -203 3.104 3,620 1,313 -36 1,507 -34 1,694 -39 1,459 -39 1,881 -35 1,990 -42 1,818 -40 2,120 -43 2,115 -48 1,838 -30 1,911 -42 3.881 -71 1.500 -33 11,246 -224 8,890 _ _ _ _ _ _ _ _ _ _ _ 1,419 1,846 1,948 1.778 2.077 2,066 1,808 1,870 3,810 1,467 11,022 sportat ion t'ay oprietary receipts from the public trabudgetary transactions Total -*-3__ rl,277 "^y oprietary receipts from the public trabudgetary transactions Total notes at end of table. 1,469 1,655 ~" unity and regional development '757 ' 798 -137 -50 726 827 3 -4 -11 10 -1 r756 611 718 836 2 1,252 -286 -171 ^^^ 8,647 ~^ ' 804 -65 -146 857 1,121 98 -13 1,073 -82 893 -39 -I -7 - 675 -25 -29 4,402 -164 -149 4,644 -322 -2 1,086 -103 -112 782 85 -* 966 593 941 1,128 989 847 872 867 620 4,088 4.277 8 -44 10 Treasury Bulleti i>PTM>i.»T FISCAL OPERATIONS ^^^^^-_i^^..^^_i^_^_^_^ Table FFO-6. - Budget Outlays by Functions-Continued (In ntiMinns of Hol'arsl F.Y. Feh. Mar. Mav Apr. June IIBO Aue. .luly F.y. Sent. Oct. Nov. nee. Jan. !<>«[ Tumulative to date Feb. Function _y Comparable period fiscal 1980 Education, training, employment, and social services Outlays Proprietary receipts from the public. Totals Health Outlays Proprietary receipts from the public. Intrabudgetary transactions Total Income security Outlays Proprietary receipts from the public. Intrabudgetary transactions Total Veterans benefits and services Outlays Proprietary receipts from the public. Intrabudgetary transactions Total Administration of justice Outlays Propietary receipts from the public... Intrabudgetary transactions Total General government Outlays Proprietary receipts from the public. Intrabudgetary transactions Total General purpose fiscal assistance Outlays Proprietary reciepts from the public. Intrabudgetary transactions Total Interest Outlays Proprietary receipts from the public. Intrabudgetary transactions Total Undistributed offsetting receipts Net budget outlays 2,915 2,731 2,864 2,'i22 2,563 2,595 2,273 2,462 13,521 -2 -2 -3 -4 - -1 -1 -* 3,030 -* 2,862 -4 2,441 -6 2,564 -1 -* -3 13,149 -10 r2,914 2,727 2,861 2,521 ?,56n 3,435 2,560 2,595 2,947 2,723 2,461 3,029 2,862 13,520 13.138 6,045 5.509 5,704 5,582 5.520 6,584 6.194 6.100 30,535 25,993 ^^^^^=^^^^^=^========^== -4 -3 -2 -1 -1 6 -11 4 -3 -3 -2 -547 -558 -659 -684 5,981 -5 -694 6.136 -4 -1.296 5,652 -+ -558 5,520 -2 -557 -705 -636 -858 -688 -682 -3,569 -2.806 4.562 4.745 5.094 4.970 4.948 5,043 4,897 5,284 5,432 4,891 5,716 5,510 5,414 26,963 23,185 17.256 19.968 19.441 19.540 94,600 5.121 ~ 16,847 17,945 1«,181 17,651 -*-*-*-*- 18,392 * - * -* -* _* 76,380 -* -2 -1.697 -4 -181 -164 -31 -40 -1.024 -142 -744 -1,981 -1.154 15,792 16,456 16,115 15,150 17,941 17.999 17,487 18,361 17,216 18,944 19,299 18,795 92,619 75.225 -*-*-*-**--- 2,905 770 -50 3,079 -47 1,974 -50 2,010 -54 10,738 -246 10,099 -231 -[ -\ _* _* _2 -l 16,285 15,833 16,465 16.117 -* -* -* -349 -41 -9 15,937 ~~~ 2,820 801 -44 -55 2,054 -47 2,841 -46 681 -49 1,765 -49 2,706 -47 800 -53 -45 * 2,775 746 2,006 7,795 632 1,715 2,659 747 2,859 719 3,032 1,923 1,955 10,489 9,866 348 368 418 350 466 349 -i 363 -* 353 -i 397 -* 400 -1 - - - * -^ 383 -* 383 -* 393 -5 1,975 -7 1.914 -7 347 367 417 397 363 400 353 350 466 148 382 382 388 1,968 1,907 rl54 r-45 -12 642 -15 -12 234 448 -32 -34 440 -20 405 649 11,685 83 469 529 19 -1 -11 -29 -15 -73 5 -37 -5 -11,219 6 -7 -11 -II 188 -9 -23 463 -22 -15 1,884 -127 -74 1,607 -216 -13 r98 616 229 382 426 413 39 464 446 356 425 1,683 1.377 rll5 -24 61 1,989 -go 210 4,596 - 1,320 -27 116 - - _ -4,570 - -3 8,278 -86 -4,573 11,091 -44 -6,854 - 2 642 428 -----__ ---_-__ 1.739 238 53 1,830 46 150 - r91 61 1.739 238 53 1,830 46 150 1,929 210 26 1,293 113 3.619 4,192 5,240 -251 -39 4.782 -130 5,404 -104 9,986 -1 -95 -327 5,038 -120 -315 5,304 -162 -78 4,957 -94 -110 5,585 -155 -80 5,810 -153 -318 11,335 -160 -369 5,549 -246 -1.481 6,600 -22 5.353 -126 -50 -164 -35 34,879 -881 -2,284 28,599 -886 -2.230 4.950 4.630 5.177 5,299 9,565 4,602 5,063 4,752 5,349 5,338 10,805 3,822 6.400 31.714 25.483 -945 -714 -654 -845 -5,905 -594 -860 -2,000 -2,630 -1,285 -7,400 -732 -838 -12,885 -10.922 46.566 51,237 50.198 46,702 52,409 50,755 47,289 56,304 48,049 56,202 59,099 53,969 273,624 233,543 r47,151 Revised. Less than $500,000. Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Monthly totals may not add to cumulative due to budget reclassifications. J^/ r * 2,949 I 11 April 1981 rr-TM^PAT Table FFO-6. - FISCAL OPERATIONS Investment Transactions Accounts in ^m^m^^ m^,^—^m^^^, Federal Securities (Net) (In millions of dotlarsl Fiscal year or month Federal Federal Old-Age and Survivors Insurance Trust Fund Disability Insurance Trust Fund Federal Hospital Insurance Trust Fund Labor Department Housing and Urban nevelopment Department Health and Human Services Federal Supple- mentary Medical Insurance Trust Fund Other Federal Housing Administration Government National Mortgage Assn. Participation Sales Other Federal Insurance Administration Unemploy other ment Trust Fund Other fund 1,827 2,298 2,217 2.175 -1.924 -913 -1,645 -4,443 -3,638 -3.751 1972 1973 1974 1975 1976 T.<) 1977 1978 1979 1980 221 33fl 222 531 -37 -1,227 -477 -2.211 1 , 14S -148 -* * * - n.a. n.a. n..i. n.a. 2,921 171 55 -99 461 213 -245 886 -485 56 677 -1,433 -998 -61 1 ,162 -653 15 223 12 -S 261 27 29 12 7 -4.938 2.373 7 2 2 -47 104 -1 -3 -36 - - 1.073 3,530 4.276 -1.082 - 10 - n.a. n.a. n.a. n.a. 65 n.a. n.a. 8 1,114 1.165 -95 17 36 37 45 65 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. - 58 14 4 - - 174 -* -36 -40 5 - - 37 3 - - 309 3,241 -42 -33 9 - 4 - - -1.257 -458 -118 53 29 9 5 3 n.a. n.a. 223 575 6 1 -313 1 1 * 24 33 -20 -* -* 1 -4 1 5 -1,42« -fl 118 28 190 100 146 n.a. n.a. -308 -202 299 200 988 1.789 953 -416 -1,269 1.623 3,863 -2,970 -3,557 31 1«4 1,406 1,493 14 100 53 110 Oct Fiscal 1981 to date 391 1,230 2,092 Nov Dec 1981-Jan Feb 792 1.181 67 -36 784 1981 (Est.) 1982 (Est.) 1980-Fab Mar Apr Hay June July -146 3,642 1.S97 934 108 -1 -1 * Treasury Bulletin 12 FEDERAL FISCAL OPERATIONS Table FFO-7. - Truat Funds Transactions 'In mi 111 on s of Ho liars) Receipts in trust funds Receipts of trust funds Classif icat ion (Crust funds) Trust interfunH and proprietary receipts 1/ Tnterfund Outlays in trust funds I April 1981 13 FEDERAL FISCAL OPERATIONS Table FFO- 9. - Summary of Internal Revenue Collections by Statea and Other Areas, Calendar Year 1980 (In thousanda of dollara) Individual inconie and employment taxi States, etc. 1/ Total collections Individual income tax not withheld 2/ Alabama Alaska Arizona Arkansas California 4,64«,530 V Colorado Connect icut 5/ Delaware Florida Georgia V Hawa 1 i Idaho Illinois 5/ Indiana Iowa Kansas Kentucky Louisiana Maine Maryland V ^/ Massachusetts Michigan Minnesota Mississippi Missouri , Montana Nebraska Nevad a New Hampshire New Jersey 5/ New Mexico New York North Carolina North Dakota Oh io V Oklahoma Oregon 5/ Pennsylvania Rhode Island South Carolina South Dakota Tennessee 5/ .~ Texas Utah Vermont V . Virginia Washington West Virginia Wisconsin Wyoming International operations 7/ Undistributed: Federal tax deposits 8/ Gasoline, lubricating oil. and excess PICA credits, etc. Transferred to Government of Guam 10/... Withheld taxes of Federal employees 11/. Clearing account for excise taxesaviation fuel and oil-Air Force & Navy. Presidential election fund Earned income credits Other J2/ V Total Income tax withheld ind old-age, disabi I ity and hospita insurance Rai Iroad Mnemployment insurance Corporation income Other taxes 3/ 4/ s 14 Treasury Bulletin .FEDERAL OBLIGATIONS. "Obl i gat ions" the basis on which are Che Federal Government. the use of funds They are recorded is controlled at the point at which the Government makes a firm commitment to in acquire goods key or services and are the first of the four events --order, characterize del i very , payment , consumption--which the acquisition and use of resources. In gen- vices received, and similar transactions requiring the dis- bursement "{ money. action without regard to its ultimate purpose. current operations or in the construe t ion of cap! tal Federal agencies and firms in stage of Government transac tions is a gauging the impact of the Government' for business f i rms which the Government commi tment stimulates business investment, including inventory purchases and employment of labor. Disbursements may not occur months after the Government places itself usually causes for its order but the order immedia te pressure on the private economy. do business with one from Tables FO-2 and Obligation counts those incurred on t side the 1*>67 Treasury Bulletin and the trust fund accounts were first publ ished in the October Bulletin, adopted 1967 the Bulletin. Beginning with the April pursuant by Object Class, August 31, millions of dollars) 1^68 data are on the basis of the budget concepts to the recommendations of the President's Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government -n Government, data for the administrative budget fund ac- first published in the September were In Table show only those incurred outside. 3 Commission on Budget Concepts, ( tems. that are incurred within the Government are obl iga tions , dis tinguished opera tions on the na tional economy, since it frequently rep- resents often i another; in doing so, the "buying" agency records obligations, and the "performing" agency records reimbursements. The obl iga tional point All payments compensation, whether the personal services are used sonnel in uniform set wages, for example, are reported as per- and salaries for FO-1 strategic to a which are based upon the nature of the trans- of categories they consist of orders placed, contracts awarded, ser- eral, are classified according Obligations 1980 April 1981 15 .FEDERAL OBLIGATIONS. Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, August 31, 1980 of dol laril Contractual services and supplies Personal services A benefits Benef Personnel compen- Personnel benef 1 ts 1/ i ts for former personnel Travel and transportation of persons Transportation of Rent, com- Printing munications things and and reproduc t ion iiti Legislative Branch 2^/ The Judiciary Executive Office of the President Funds appropriated to the President: International security assistance... International development assistance Other Agriculture Department: Commodity Credit Corporation Other Commerce Department 1 i ties Other ser- Supplies and rpatc- 405 13 25 438 25 56 174 17 30 3 34 5 45 22 2 6 242 830 26 458 428 2,101 547 12 168 52 5,643 13,060 7,622 2,948 4,670 8,836 7,428 9,057 29,273 29,991 554 174 56 2,069 1,0S2 1 264 119 56 76 9 204 641 346 106 151 67 Defense Department: Military: Department of the Army Department of the Navy Department of the Air Force Defense agencies 14,32S 791 n,616 11,460 1,435 4 3 66 7 364 469 572 Total military Civil Education Department Energy Department Health and Human Services Department. Housing and Urban Development Dept: Government National Mortgage Association Housing for the elderly or handicapped 3/ Other Interior Department Justice Department Labor Department S tate Department Transportation Department Treasury Department: Interest on the public debt Interest on refunds, etc General revenue sharing Other Environmental Protection Agency General Services Administration National Aeronautics and Space Admin is tration Veterans Adminis tration Other independent agencies: Export-Import Bank of U.S Small Business Administration Tennessee Valley Authority Other Total Off-budget Federal agencies A/: Postal Service Rural Electrification Administration revolving funds Pension Benefit Guaranty Corporation Total Off-budget Federal agencies 5^2 115 26 82 50"> 2,829 36 5 12 29 10 74 129 19 6 16 5 1 5,902 1,679 124 2 937 188 160 179 130 27 1,4 32 1 1,215 608 521 86 68 66 50 71 9 187 155 707 399 58 63 117 2,219 2,377 287 612 109 15 105 15 146 67 15 1 14 649 1 295 829 1,172 3,798 637 108 729 86 159 638 3,807 9 10 1 120 992 1,218 95 40 137 202 11 82 4,381 5 1,605 85 38,414 64,893 1,390 1 , 390 Treasury Bulletin 16 FEDERAL OBLIGATIONS. Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, August 31, 1980-Continued fin millions of dollars) 17 April 1981 FEDERAL OBLIGATIONS m O^ .O O O ^ -D O ,D fA nD -3- r--i O ^O CT O 00 4 o a> f^ -3 <y- r- — 1 sD ^ <-• u-i(>i O nO "^ ^ ^ ^ -I -J U-1 CC ' — ^ ^ O "^ a a h s o — . ^ <I C pv %0 o •£> -J J- CO ^^ o ^ -= ""* r~ O O O OC -T u~* «-H r^- « ^ a o ( -J •i) H r 3 CD ro *o c^ ir\ rj CO r-j — J Q. o a o CO rcr o ' o 3 C C o -< ( a. c C *J Si a. a. ^ c 3 O ^. i a. *j e Qj *" 01 U Xt O V a.^ 3 C ^ O e c o a) p Xl T3 D 4J C (0 ^j M P t- H o O) t3 O T3 ^ oo o 11 <u ' -O < lU -r^ o nj « C QO I a: Q- C u TJ C o e c (u m (U E -H a» O W ^ a. -< 3 C iJ o) H ^1 C in 00 D J3 C W MCuO-OQCf-HOi to u M C i-i oc; •H 3 3 e cr o C M C C <U <1> c OJ) - 3 ^ "O 18 Treasury Bulletin ACCOUNT OF THE U.S. TREASURY Source and Availability of the Balance in the Account of the U.S. Treasury The operating cash of the Treasury is maintained in Treasury's accounts with the Federal Reserve banks and branthe balances in the As ches and in tax loan accounts. accounts at the Federal Reserve Banks become depleted, they are restored by calling in (Withdrawing) funds from thousands authorized of financial institutions throughout the country to maintain tax and loan accounts. Deposits to tax and loan accounts occur in the normal course of business under a uniform procedure applicable to all financial institutions whereby customers of financial ins ti tu tions deposi t wi th them tax payments and funds for the purchase of Government securities. In most cases the transaction involves merely the transfer of funds from a customer's account to the tax and loan account in the same financial institution. On occasions, to the extent authorized by the Treasury, financial institutions are permitted to deposit in these accounts proceeds from subscriptions to public debt securities entered for their own account as well as for the accounts of their customers. Under authority of P.L. 95-147, the Treasury implemented program on November 2, 1978, to invest a portion of its operating cash in obligations of deposi taries maintaining tax and loan accounts. Under the Treasury Tax and Loan investment program, depositary financial institutions select the manner in which they will participate in the program. Depositaries that wish to retain funds deposited in their tax and loan accounts in interest-bearing obligations participate under the Note Option; depositaries that wish to remit the funds to the Treasury' s account at Federal Reserve banks participate under the Remittance Option. a Table UST-1. - The tax and loan system permits the Treasury to collect funds through financial institutions and to leave the funds Note Option depositaries and in the financial communities in in which they arise until such time at the Treasury needs the funds for its operations. In this way the Treasury is able to neutralize the effect of its fluctuation operations on Note Option financial institution reserves and the economy. Status of the Account of the U.S. Treasury (In millions of dollars) Treasury operating balance U Available funHs in demand accounts at: End of fiscal year or month Total Federal Reserve banks Treasury tax and loan note accounts 1977 1,274 2,344 4,038 2,919 5,773 11,975 13,299 15,740 7,372 7,634 8,433 6,152 1,475 2,854 4,119 3,364 1978 1979 1980 16,647 6.489 4,102 1980- Mar. Apr. May. June July 1971 1972 1973 1974 1975 1976 T.Q Aug. Sept Oct. Nov. Dec. Other deposi taries 3/ Funds in process of collection through Federal Reserve 419 5,797 17,687 16,888 22,444 24,176 20,990 257 253 1,351 11 2,334 4,561 4,523 3,199 5,820 13,869 6,139 10,893 8,154 18,430 10,662 14,092 205 1,184 233 3,954 2,742 4,102 6,478 9,752 16,888 10,814 4,791 9,243 10,432 12,494 20,990 12,678 7,226 12,305 437 755 439 13 11 1,864 2,435 3,062 343 7 252 243 276 369 235 184 147 Gold balance Balance in account of the U.S. 6/ Treasury 187 179 117 135 76 54 41 19 35 70 55 -18 195 175 31 441 471 108 129 586 602 752 70 54 819 818 717 9,911 11,310 13,741 10,352 8,868 16,065 18,597 20,531 23,691 25,277 23,211 109 107 107 106 275 7 50 30 570 632 791 20 123 13 59 59 83 384 36 60 30 30 30 30 892 895 369 855 9,350 20,715 11,887 15,449 309 500 1,351 12 59 61 50 30 30 30 833 803 11,664 13,883 23,211 13,966 10,879 13,917 739 2,284 3,032 7,822 7,685 10,106 10,717 399 542 Source: Bureau of Government Financial Operations. .Effective January 1972, tite Treasory operatlBg balance excludes the gold balance in Treasury. 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. Will not agree with daily Treasury Statement due to rounding. Represents funds in process of collection by (a) the U.S. Treasury ^/ V Miscellaneous 136 64 3,038 ^ 5/ Coin currency and coina metal 33 Feb. j^/ Other demand accounts 21 •1981-Jan. Mar. Uther depositaries A/ 8,755 10,117 12,576 9,159 7,591 14,836 17,418 19,104 139 106 88 Time deposits and other interestbearing demand accounts 6 7 791 47 76 30 23 776 767 57 23 84 733 735 8,847 13,564 15,560 84 28 751 781 12,151 76 35 29 138 11,415 and (b) conmercial banks which have been authorized to defer credit until checks are coHected. Data prior to January 1972 included In "miscellaneous items" columns. ^/ Represents demand deposits in National, Foreign, and other bank depositari.es previously included in time deposits. The free gold balance can be readily converted to available funds with Federal Reserve banks. W Less than $500,000. e . s April 1981 19 .ACCOUNT OF THE Table UST-2. - Elements of Changes in Federal U.S. TREASURY. Reserve and Tax and Loan Note Account Balances (In millions of dollars) Credits and withdrawals Federal Reserve accounts 1/ Fiscal year Tjx and loan nott aciuunts Pro'ceeds from sales of securities or month Received direc tlv Received through re'Withdrawals 3/ mittance optior tax and loan dep^si taries 1970 Wi thdrawal Marketabi i ssues 1 1971 1972 1973 ln7i. 1975 1976 725, 280 , Feb.. Mar.. 149,317 152,900 164,645 184,874 211,545 229,090 227,494 58,105 271,787 303,901 287,585 330,940 331,739 30,620 30,9 59 25,779 37,241 24,436 25,582 30,345 24,784 24,966 33,285 30,7 36 31,066 25,875 37,334 24,526 25,661 30,419 24,860 25,036 33,370 27,745 28,249 33,187 23,017 33,605 32,580 28,941 22,387 23,283 30,934 31,059 28,918 26,109 31,306 35,804 35,941 5,924 6,018 7,158 118,880 113,970 125,531 90 98, 426 96, 750 1981-.Ian. 151,721 153,346 164,920 185,669 209,267 224,412 228,877 59,367 271,033 306,334 299,475 112,932 107,198 119,121 100, 673 . 132,460 131,121 145,797 171,828 197,091 218,149 225,201 58,457 267,125 302,496 296,809 329,55' 107 ,333 ,389 115 .391 113 ,302 104, ,647 95 ,983 92, ,984 96 93 90 79 74 ^6 70 85 77 80 Federal Reserve Tax and Loan Note Accounts 27,655 28,172 35,724 During period End of peri Fiscal year or month Federal Reserve Loan (transfers to Federal Reserve accounts) 2,578 2,849 3,314 3,270 3,104 3,366 3,676 910 3,908 3,838 2,666 1,385 116 107 10(1 . 3 105,939 118,710 118,508 112,853 100,591 99,651 105,840 106,187 101,664 113,694 1,165, 226T- Dec 68 Total credi ts =./ 5,467 5,546 5,168 6,882 5,363 5,455 6,527 5,523 5,485 6,988 1980 1980-Har. Apr May. June July Aug. Sept Oct. Nov. , issues 54,068 64,047 1977 1978 1979 T.O 6 19,375 15,812 10,571 9,072 2,897 Nonmarke table 722.427 804,282 208.434 872,627 951,209 1,047,919 1,228,895 810, 481 209, 758 875, 071 952, 116 983, 693 /< 20 Treasury Bulletin . ACCOUNT OF THE Table UST-3. - U.S. TREASURY. Gold Assets and Liabilities of the Treasury (In millions of dollars except ounces) Gold assets 1/ ilance of gold in Gold liabilities 2/ . S. Treasury account End of calendar year or month 1968 1969 1970 1971 1972 1973 1974 1975 1976 296,199,012.3 296,202,494.6 306,630,399.9 289,490,7 59.6 273,950,419.3 273,954,660.5 275,968,413.1 274,705,260.3 274,679,167.8 jri? 10,; 5b 10,367 10,732 10,132 10,410 11,567 3/ 11,652 11,599 11,598 10,256 10,623 10,019 10,303 10,460 11,652 11,599 11,598 1977 1978 11,719 11,671 1979 277,544,111.9 276,420,310.8 264,601,798.2 11,172 11,719 11,671 11,112 iqSO-Mar. Apr. May. June 264,599,575.5 264,599,575.5 264,599,575.5 264,599,575.5 11,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 July Aug. 264,599,575.5 264,591,08 7.0 Seot 2f.4. 11,172 11,172 11,168 11,163 11,162 11,160 11,172 11,172 11,168 11,163 11,162 11,160 11,159 11,156 11,154 11,159 11,156 11,154 Oct., Nov , , 514, 37R,R Jb4, 384,640.1 .'f.4, 354, 317.0 Dec. 264,318,385.8 19«l-Jan.. 264,299,249.2 J64,220,521.9 Feb. h4, 184, 399.4 Source: Daily Treasury Statement through June 1974, Bureau of Government Financial Operations thereafter. Treasury gold stock which excludes gold held by the Exchange Stabilil_l zation Fund (ESF). See "International Financial Statistics," Table IFS-1. Consists of: 21 Gold certificates fund-Federal Reserve System; gold deposited by and held for the International Monetary Fund from September 19, 1965, through February 15, 1972; redemption fund for Federal Reserve notes until March 18, 1968, when it was combined with the gold certificate fund pursuant to P.L, 90-269, approved March 18, 10, y 111 112 109 113 107 107 1968, and gold reserve against U.S. notes until March 18, 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 until 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. Less than $500,000. , 21 April 1981 .MONETARY STATISTICS. Table MS-1. - Currency and Coin in Circulation (In millions of dollars except per capita figuresl Currencies no longer issued End of fiscal year or month Federal Reserve bank National bank notes Gold certificates 1/ Silver cer tif 1ca tes Currencies Presently being issued Federal Reserve notes 2/ Treasury notes of 1890 United States no tes 54 1971.. 1972.. 1973.. 1974.. 1975., 1976., T.n. . 1977., 1^78. 1979. 1980. 48 48 48 20 20 20 20 20 20 20 20 20 20 1980-Feb.. Mar.. Apr. May.. June. 48 48 48 48 48 20 20 20 20 20 July. Aug.. Sept. Oct.. Nov.. Dec. 1981-Jan.. Feb.. 43 48 48 53 52 51 50 50 . 20 20 19 213 215 213 212 211 210 209 208 207 207 321 320 320 321 322 322 322 117 in 312 206 310 206 206 206 206 206 311 311 310 310 20b 206 206 205 310 310 310 309 206 206 309 309 206 206 309 309 310 . 48 48 Federal .. 22 Treasury Bulletin .FEDERAL DEBT. Table FD-1. - Summary of Federal Debt (In millions of dollars) Amount outstanding End of fiscal year or month Public debt securities Securities held bv: Government accounts The public 11 Agency securi ties 1/ Public debt Agency securi- secu titles ties 111,460 123,385 133,206 145,283 149,611 146,105 155,490 167,973 187,683 2,100 1,996 1,983 1,942 1,955 1,947 1,805 1,504 1,478 Public debt 323,770 343,045 346,053 396,906 480,300 498,327 551,843 610,948 644,589 314,976 333,932 336,029 387,905 470,821 488,596 543,350 603,571 638,836 8,794 9,113 10,024 9,001 9,478 9,730 8,493 7,377 5,754 :^33,7.l 426,435 457,317 474,235 533,188 620,432 634,701 698,840 771,544 826,519 10,894 11,109 12,012 10,943 11,433 11,678 10,298 8,381 7,232 113,559 125,381 140,194 147,225 151,566 148,052 157,295 169,477 189,162 1980 914,317 907,701 6,616 199,212 197,743 1,469 715,105 709,953 5,147 1980-Feb. Mar. Apr. May. 861,603 870,444 876,914 884,788 884,381 354,591 863,451 870,009 877,917 877,614 7,011 6,993 6,905 6,871 6,763 190,775 187,814 189,653 192,176 196,385 189,290 186,328 188,168 190,693 194,904 1,436 1,487 1,485 1,483 1,431 670.827 682,630 687,260 692,611 637,997 665,301 667,123 681,841 687,224 682,710 5,525 5,506 5,420 5,388 5,237 888,367 900,075 914,317 914,782 920,316 936,686 881,682 893,424 907,701 908,190 913,752 930,210 6,685 6,651 6,616 6,592 6,564 6,476 190,634 191,231 199,212 194,919 191,223 193,925 189,159 189,762 197,743 3/ 193,452 4/ 189, '53 5/192,464 1,474 1.468 1,469 1,468 1,470 1,461 697,734 708,844 715,105 719,362 729,094 742,761 692,523 703,662 709,958 714,738 723,999 737,746 5,211 5,182 5,147 5,124 5,094 5,015 940,528 956,898 934,073 950,498 6,455 6,399 190,995 193,449 6/ 189,520 1.475 1,474 749,533 763,449 744,553 758,524 '4,980 437,329 468,426 486,247 544,131 631,366 646,379 709,138 1972 1973 1974 1975 1976 T.O 1977 1978 1979 7'10,42'i June July Aug. Sept Oct. Nov. Dec. 1981-Jan. Feb. Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Amounts of public debt securities outstanding have been adjusted to 1/ exclude issues to IMF and other international lending institutions to conform with the budget presentation and the source for this table. Includes holdings of Federal Reserve Banks. 1! Table FD-2. - Computed Interest Charge and 191,974 3/ 4/ 5/ 6/ Computed 4,925 Includes $15 million of Federal National Mortgage Association bonds. Includes $61 million Govemtnent Account Series and %U million Federal National Mortgage Association bonds. Includes $4 million Federal National Mortgage Association bonds. Includes $38 million of Railroad Retirement Board notes and excludes $12 million of Federal Savings and Loan Insurance Corporation notes. Interest Rate on Interest-Bearing Public Debt (Dollar amounts in millions) End of fiscal year or month Total interes Computed annual interest rate t- bearing public debt 1/ Computed annual interest charge 2/ Total interestbearing public debt 1/ Marke tab 1 e i s sue Nonmarketable s Treasury Bills Government account series 5/ Treasury bonds 3/ 1972. 1973. 1974. 1975. 1976. T.O.. 1977. 1978. 1979. 425,360 456,353 473,238 532,122 619,254 633,560 697,629 756,971 819,007 21,545 26,591 30,741 33,509 39,494 40,683 44,481 53,885 64,946 5.093 5.872 6.560 6.352 6.436 6.478 6.424 7.126 8.057 5.099 6.129 7.030 6.533 6.559 6.591 6.481 7.383 8.592 4.188 6.591 8.416 6.253 5.819 5.734 5.656 7.668 10.110 6.312 6.412 6.529 7.058 7.352 7.356 7.066 7.397 8.130 4.018 4.393 4.755 5.339 5.654 5.811 6.120 6.587 7.153 4.636 5.138 5.374 5.387 3.452 5.487 5.603 5.726 5.968 1980. 906.402 30,437 9.032 9.608 10.436 9.443 8.466 6.221 9.081 1980- Mar.. Apr. Hay.. June. 862, Zll 868,866 873,529 876,275 79,386 81,889 80,527 78,252 9.390 9.617 9.401 9.097 10.340 10.590 10.323 9.367 13.391 13.996 13.077 11.795 9.056 9.109 9.179 9.199 3.193 3.285 3.358 8.360 r6,064 6.233 6.234 6.209 8.903 8.988 8.750 8.717 July. Aug.. Sept. Oct.. Nov.. Dec. 880,395 888,733 906,402 906,948 909,371 928,912 77,065 77,876 80,437 81,361 84,014 89,722 8.913 8.921 9.032 9.134 9.4)5 9.855 9.567 9.544 9.608 9.720 10.124 10.679 10.748 10.486 10.436 10.689 11.581 12.805 9.204 9.287 9.443 9.487 9.606 9.878 8.402 8.461 8.466 8.525 8.741 8.746 6.237 6.225 6.221 6.235 8.721 8.796 9.081 9.191 6.228 9.244 929, o25 92,012 96,283 98,980 10.109 10.399 10,505 11.059 11.360 11.461 13.842 14.665 14.294 9.900 10.094 10.309 1981-Jan. Feb. Hor. 946,455 '»63,20- Source: Bureau of Goveminen Financial Operations Note: The computed annual int erest 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 appriopriate annual interest rate to the amount outstanding on that date C the amount actually borrowed in the case of securities sold at a premi um or discount, beginning with May 1960). The aggregate charge for a 11 interest-bearing issues constitutes the total computed annual inte rest charge. The average annual rate is computed by dividing the c omputed annual interest charge for the total, or for any group of Issues by the corresponding principal amount. <(ln>lii( «lch dau for eaabcT 31, 1958, the cottputatloo la baicd on , 8.803 8.914 8.918 5.475 5.880 6.430 6.614 6.789 6.871 6.921 7.491 8.167 6.248 9.505 6.J59 6.578 6.630 9.457 9.606 7,655 . 23 April 1981 .FEDERAL DEBT. Table FD-3. - Interest-Bearing Public Debt (In millions of dollars) End of fiscal year or month Total interestbearing public debt Nonmarke table Treasury notes Bill 1/ 1 1 .. .1 U.S. savings bonds 5 U b.in..l5 1978 1979 425,300 456,353 473,238 532,122 619,254 633,560 697,629 766,971 819,007 257,202 262,971 266,575 315,606 392,581 407,663 443,508 485,155 506,693 94,646 100,061 105,019 128,569 161,198 161,505 156,091 160,936 161,378 113.419 117,840 128,419 150,257 191,758 206,319 241,692 267,865 274,242 49,135 45,071 33,137 36,779 39,626 39,839 45,724 56,355 71,073 168,158 193,332 206,663 216,516 226,673 225,897 254,121 281,816 312,314 55,921 59,418 61,921 65,482 69,733 70,752 75,411 79,798 80,440 1980 906,402 594,506 199,832 310,903 83,772 311,896 72,727 1980- Mar. Apr. May. 862,211 868,866 873,529 876,275 557,493 564,869 567,560 566,735 190,780 195,296 195,387 184,684 290,390 291,831 291,532 301,455 76,323 77,741 80,641 80,596 304,718 303,997 305,968 309,539 75,643 73,889 73,247 73,072 880,395 888,733 906,402 906,948 909,371 928,912 576,145 583,419 594,506 599,406 605,381 623,186 191,491 199,306 199,832 202,309 82,027 83,861 83,772 85,170 85,541 65,449 304,250 305,314 311,896 307,542 303,989 305,726 72,968 72,853 72,727 7 2,669 208,721 216,104 302,626 300,251 310,903 311,927 311,119 321.634 929,825 946,455 963,207 628,482 642,905 661,142 220,423 228,972 235,315 321,176 324,540 336,505 86,883 89,393 89,323 301,343 303,550 302,065 71,057 70,443 70,057 1972 1973 1974 1975 1976 T.Q 1977 June July Aug. Sept, Oct. Nov., , Dec . 1981-Jan .. Feb Mar., Nonraarketable End of fiscal year or month 2,310 2,275 2,271 2,267 2,263 2,262 2,247 2,246 2,245 1980 July Aug. Sept Oct. Nov. Dec. 1981-Jan. Feb., Mar, 2,245 Government tary series i 2/ currency denominated 3/ Foreign currency denominated 2,072 1,743 1,599 1,599 1,599 1,599 1,289 768 4/ 6 16,913 26,781 23,412 21,617 19,901 19,215 20,510 20,912 23,965 4,150 39,593 101,738 115,442 124,173 130,557 128,640 140,113 153,271 176,360 11 18,721 6,437 189,848 24,153 9 20,464 19,813 19,488 19,023 6,437 6,437 6,437 6,437 175,451 179,652 182,642 186,842 24,468 24,196 24,145 24,154 19,342 19,408 18,721 18,368 18,064 17,597 17,367 17,349 6,437 6,437 6,437 6,437 6,437 6,437 6,437 6,437 181,479 182,447 189,848 24,011 24,159 24,153 185,665 182,447 185,092 182,197 185,020 17,725 6,437 183,833 24,393 24,479 24,363 24,276 24,093 24,008 11 19 16 16 9 9 7 8 U U u 11 11 11 11 39 22 11 9 Source: Monthly Statement of the Public Debt of the United States. As of July 1974, includes Federal Financing Bank. 1/ Consists of certificates of indebtedness. Treasury notes beginning 2^/ January 1963, Treasury bonds beginning September 1964, and TreSsu^ty bills beginning March 1975, sold to foreign governlnents for U.S. dollars Consists of the dollar equivalent of Treasury cer tif icat,es of indebtedness; Treasury bonds from October 1962-April 1967; and V Government account series Depos- denominated 1980-Mar. Apr. May. June Continued Foreign series Investment series Dol lar 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 - 72,524 72,217 1,322 1,407 2,002 1,361 2,611 3,419 14,543 24,813 25,149 Treasury notes beginning November 1966 issued and payable in designated foreign currencies. 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 ^hose accounts previously shown as special issues, formerly Included in "Other" column. 1 . 2^ Treasury Bulletin .FEDERAL DEBT. Table FD-4. Government Account Series - (In millions of dollars) End of fiscal year or month Airport and Airvay Exchange trust fund Fund S tabi lizat i Federal Deposit Insurance Corporation Federal employees retirement funds Federal disability insurance trust fund 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 89,598 101,738 115,442 124,173 130,557 128,640 140,113 153,271 176,360 878 1,936 2,529 2,712 3,246 3,687 4,377 1.424 2,934 2,364 1,451 1,512 1,529 2,050 1,763 4,266 436 1,367 2,692 3,429 4,829 5,435 7,335 24,691 27,894 31,201 35,525 40,383 39,607 46,631 53,398 61,369 6,697 7,488 7,880 7,843 6,616 6,138 3,941 4,053 5,286 1980 189,848 5,423 3,544 9,379 71,055 7,377 1980- Mar.. Apr.. May.. June. 175,451 179,652 182,642 186,842 4,940 5,037 5,263 5,519 3,740 3,771 8,757 9,043 9,032 9,021 60,383 59,808 59,214 60,874 5,866 6,327 6,549 7,224 July. Aug.. Sept. Oct.. Nov.. Dec. 181,479 182,447 189,848 185,665 182,447 185,092 182,197 5,596 5,521 5,423 5,352 5,284 5,481 5,414 5,352 5,277 8,995 9,318 9,379 9,410 9,614 9,644 9,788 10,398 10,407 60,176 59,621 71,055 70,338 69,589 71,509 70,830 70,107 68,690 6,916 6,862 7,377 3,882 3,544 3,303 1981-Jan.. Feb., Mar.. 185,020 183,833 501 4,086 4,077 3,672 3,544 2 890 2,210 , 2,7 34 2,471 2,869 1.971 274 263 3,111 3,270 3,209 Federal Energy Adminsi tra tion Federal Home Loan Bank Federal hospi ta insurance trust fund J Federal old-age and survivors insurance trust fund , t , 25 April 1981 .FEDERAL DEBT. Table FD-5. - Interest-Bearing Securities Issued by (In Defense Department End of fiscal year milUons Government Agencies of dollars) Housing and Urban Development Department Other independent agencies Total aniounc ou ta tandi Family h«uai,nf and homeowner assistance 1/ 10,394 11,109 12,012 10,943 11,433 11,678 10,298 8,881 7,232 I'iTl 1973 1974 1975 1976 T.Q 1977 1978 1979 Federal Housing Administration 588 4 54 1,484 1,382 1,276 1,171 1,136 1,016 897 412 408 487 1 , 767 581 578 579 601 551 641 1980 1Q80-Feb. Mar. Apr May. June 7,011 6,993 6,905 6,871 6,768 July Aug. Sept Oct. Nov. Dec. 1981-Jan. Feb. , Government National Mortage Expor t-lmpor Bank of the United States 4,290 4,480 4,370 4,260 4,180 4,14 5 3,768 3,166 3,004 1,819 2,221 2,894 2,593 3,174 3,591 2,858 2,141 933 2,842 661 546 550 537 531 524 2,979 2,979 2,937 2,937 2,877 791 6,685 6,651 6,616 6,592 6,564 6,476 6,455 661 651 641 b36 631 610 516 508 495 490 486 477 690 674 6,399 591 2,842 2,84 2 2,84 2 2,842 2,842 2,817 2,817 2,817 600 476 463 Postal Service Tennessee Valley Author! ty Assoc iat ion 688 679 674 719 709 Federal Home Loan Bank Board 778 766 748 717 661 648 629 596 585 547 5 5 10 250 250 250 250 250 250 250 250 2 50 1,855 2,255 2,696 2,075 2,075 1,975 1,825 1,825 1,725 1,725 250 ... , Treasury Bulletin 26 FEDERAL DEBT FD-6. - Participation Certificates fin millions of dollars End of fiscal year or month face amounts) Participation certificates issued by GNMA acting as trustee Export-Import Bank of the United States Educa tion Fanners Home Administration 2/ Department 1/ Retire- Outstanding lu'i 1973 1974 1975 1976 - 608 618 42 327 2i,q Retire ment s 1,085 440 110 110 80 576 249 252 T.Q 35 377 602 162 1977 1976 1979 1980 1980-Feb.. Mar.. Apr. May.. June. 162 252 2 52 Retire' ments 4,920 4,480 4,370 4,260 4,180 4,145 3,768 3,166 3,004 2,842 407 33 ;981-Jan.. , S 684 650 650 650 650 650 640 630 630 Retire- ments 517 Outstanding 15 15 15 15 15 15 15 10 10 493 493 492 492 492 451 318 318 318 313 318 318 318 318 630 630 630 10 10 10 10 10 10 10 318 318 318 318 31S 620 630 630 630 630 2,817 2 Retire- Outments standing t.ju 2,»42 2,842 2,842 2,842 2,642 2,817 252 252 Outstanding 630 blO 2,979 2,979 2,979 2,937 i,d77 252 July. Aug. . Sept. Oct. . Nov.. Dec. . Outstanding Health and Human Services Department 3^/ 1 7 10 10 10 10 10 313 10 10 Participation certificates issued by GNMA acting as trustee-Con tinu< End of fiscal year or month Housing and Urban Development Department Office of Secretary 4/ Retirements 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 5 14 Outstanding 244 240 240 240 240 240 235 221 221 Government National Mortgage Association Retirements V Outstanding 193 95 65 70 41 19 165 68 738 311 695 311 731 "31 311 311 311 311 311 July. Aug.. Sept. Oct.. Nov.. Dec. 221 221 221 221 221 221 695 695 695 695 695 679 19ei-Jan.. 221 221 679 . Outstanding 174 221 221 221 221 221 Feb. Retirements 1,433 1,038 1,273 1,204 1,164 1,145 980 806 1980 1980-Feb.. Mar.. Apr. May.. June . Small Business Administration 6/ 221 12 719 719 701 18 Source: Bureau of Government Financial Operations. Includes College Housing, and Construction of Higher Education Facilities 1/ T/ Includes the Direct Loan program through September 1972, the Agricultural Credit Fnsurance fund beginning October 1972, and the Rural Housing Loan programs. 3/ Includes Health Professions Education fund and Murse Training fund. 67>J 4/ 5/ bl !_/ Includes Includes Includes ments. Includes 485 444 444 444 444 444 102 32 342 311 311 311 311 311 311 311 311 311 Veterans Administration 7/ Retirements 107 243 45 41 40 16 54 234 Outstanding 1,543 1,300 1,255 1,214 1,175 1,159 1,105 871 119 777 657 42 759 759 729 729 687 Q:, 20 687 657 657 657 657 648 648 648 Housing for the Elderly and Public Facility programs. Special Assistance, and Management and Liquidating programs. programs for Disaster Loans, and Business Loans and Invest- Direct Loan and Loan Guaranty programs. 21 April 1981 .FEDERAL DEBT. Table FD-7. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt Held by Private Investors Treasury Bulletin 28 FEDERAL DEBT, Table FD-9. - Status and Application of Statutory Limitation The Second Liberty Bond Act (31 U.S.C. ed, authority Act of that , and the face amount of obi 1 Rations guaranteed as to principal and interest by the United States, exceed shall not at any 28, debt liT.ii. aggregate $A00 billion outstanding Public Law 96-286 provide-- thai beginning time. June in the 1980, and ending on Feb. =hall bt tempoidiily 28, The 757b), as amend- provides that the face amount of obligations issued under 198], the incitased by :j525 on Public billion. that tions Total public debt subjec t to limit Total debt subject to 1 imi t Statutory debt limit Balance of statutory debt limit 1967 (Public Law 90-^')) issued under section 302 the fiscal year added to 1968 and provides (c) of the Federal National (12 U.S.C, outstanding 171"* fc) during at any time shal the amount otherwise taken into account in mining whether the March 1 be deter- requirements of the above provisions are met. (In millions of dollars) Other debt subject co limit: Guaranteed debt of Government agencies Spec i f ied participation certificates Total other debt subject to limit of June 30, Mortgage Association Charter Act Part A. - Status Under Limitation, Public debt subject to limit; Public debt ou ts tanding Less amounts not subject to limit: Treasury Federal Financing Bank Act the face amount of beneficial interests and participa- 31, 1981 . 29 April 1981 .FEDERAL DEBT. Table FD-10. - Treasury Holdings of Securities Issued by Government Corporations and Other Agencies (In millions of dollars) AErict.il tiire Agencv for End of fiscal year Internal ional Development 1/ or month Federal Financir Bank Federal Home Loan Bank Boarc Comnodi ty Credit Corporation Rural Electrification Administ r a t i on Secretary: Farmers Home Administration Programs ->/ 1972 1973 1976 1975 lP7b ,939 34 237 35 434 44 ,674 53 091 57 ,374 66 353 85 626 105 ,931 416 374 327 233 11,301 602 13,466 128 825 22,413 25,884 35,418 48,078 63,836 82,559 IQgO- Mar. Apr. May. June 115,912 119,653 122,196 123,515 71,885 74,009 76,009 77,408 July Aug. Sept Oct. Nov. Dec 125,638 126,762 128,825 130,976 133,635 132,988 78,870 80,024 82,559 83,903 85,440 87,461 1981-Jan Feb. 139,147 139.959 143,933 88,500 90,024 94,187 T.O 1977 1978 iq79 1980...- . 1,247 1,534 1,491 Housing and Urban Development Department Depar tmenl ExportImport Bank of Office of the Secretary the United States Col lege V loans A/ housing Urban renewal fund Other 5/ Treasury Bulletin 30 FEDERAL DEBT. Footnotes to Table FD-10 Source: Bureau of Government Financial Operations. Note: Thfese securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional authorizations for specified Government corporations and other agencies Co borrow from the Treasury. Further detail may be found in the lf»7q Stalisti. ,1 Appendix to Annual Report of the Secretary of the Tren^nry, pagt 436-442. and the 1979 Cumoined Statement of Receipts, Expenditures and E.ldnccs ^'f Uie Ui;iied States Government, pages 560-562. 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." If 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. Inclfdps securities Hansfened from the Reconstruction Finance U V t;i-rpi-rat ion. 4/ V b/ y Ai of May I^-OU, tht college (ic^iinfe lo^n program Wd= transferred to ^h^ nrnTrrmr^r ..f FHiu" n t ic>n. Consists of notes issued to borrow for: public facility loans; Low Rem Public Mnnsing Fund; and Housing for the Elderly or Handicapped. 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. Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration from September *16S-DeceTber 10^9 1 Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration Administration); and the Secretary of the Treasury through May 1964. 9/ Consists of notes issued by the: International Communication Agency for informational media guaranties (see footnote 1) ; Secretary of ""ommerce (Maritime Administration) for the Federal Ship Mortgage Insurance Fund, fiscal years 1^63-67 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 helium properties beginning May 1964; Bureau of Commercial Fisheries for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - May 1967; and revenue bonds for Smithsonian Institution (John F. Kennedy Center Parking Facilities) beginning July 1968; Secretary of Transportation (Washington Metropolitan Area Ttansit Authority) beginning December \^11; Health, Education, and Welfare, Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974; Federal Railroad Administration, rail service assistance, beginning January 1976, and regional rail reorganization, April, 1976; Bonnerville Power Administration beginning September 30, 1977; Secretary of Energy beginning October, 1<>77; General Services Administration (Pennsylvania Avenue Corporation) beginning November, 1977, and advances for the National Flood Insurance Fund. 2£/ Ou ts tanding loans cancelled pursuant to Public Law ^^3-426, dated September 30, 1974. 8/ April 1981 31 FEDERAL DEBT Table FD-11. - Description of Securities of Government Corporations and Other Basiness-Tjrpe Activities Held by the Treasury, March 31, 1981 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, 1981-Continued (In millions of dollars) Interest payable Title and auth Government National Mortgage Assoi act of Aug. 2, 1954, as amended: Emergency home purchase assistai Advances arious dales 33 April 1981 .FEDERAL DEBT. Table FD-11. - Description of Securities of Government Corporations and Other Business-Type Activities Held by the Treasury, March 31, 1981 -Continued , Treasury Bulletin 54 .FEDERAL DEBT Table FD-11. - Description of Securities of Government Corporations and Other March 31, 1981 -Continued Business-Type Activities Held by the Treasury, 33 April 1981 I Table PDO-1. - PUBLIC DEBT OPERATIONS. Maturity Schedule of Interest-Bearing Marketable Public Debt Securities Other than Regular Weekly and 62-Week Treasury Bills Outstanding, March 31, 1981 1 ! 36 Treasury Bulletin FUBUC DEBT OPEHATIONS Table PDO-2. - OBermga of _ BOk (Amounts in millions of dollars) Number of days Co maturity 1/ Amount bids Amount maturing on of bids accepted issues out- < tenderei standing after new issues On noncoi petitive Total Amount Regular weekly: (13-week and 26-week) 6,980.9 7,223.6 4,522.3 4,324.5 3,726.2 4,025.3 796.1 299.3 3,825.4 3,798.1 51,605.6 101,316.9 8,263.7 7,756.3 4,ni5.9 4,018.9 3,109.3 3,230.1 906.6 788.7 3,817.9 2,810.2 51,803.6 102,525.5 7,970.8 9,277.0 4,195.3 4.103.3 3.230.4 3,475.1 964.9 628.2 3,818.4 7,905.8 4/ 52,180.5 102,724.7 6,835.8 5,503.4 4,015.1 4,012.2 3,156.8 3,427.3 858.3 584.8 3,807.1 3.500.7 52,388.5 103.236.1 181 8.225.9 6.983.5 4,287.6 4,236.4 3,676.3 3,768.6 611.2 46 7.8 3,908.7 4,013.4 52,767.3 103,460.1 91 182 7,324.1 6,758.6 4,221.3 4,218.0 3,388.5 3,548.4 832.8 66916 3,917.8 4,00 7.5 53,070.8 103,670.6 6,492.1 6,843.9 4,315.6 4,314.1 3,429.0 3,582.0 8,315.7 9,348.2 4,312.1 4,309.2 3,339.0 3,608.5 973.1 700.7 8,643.1 8,816.4 4,315.8 4,309.6 3,396.8 3,688.4 4.321.2 [1981-Har. June \ 4 1980-Dec. 91 183 11 18 Mar. June 26 Jan. Apr. July 2 Apr. S July 15 Apr. July 22 Apr. July Apr. July 29 Feb. May Aug. 5 Hay 12 Aug. May 19 Aug. May Aug. 2b Har. 91 182 5 12 Apr. 4,185.6 4,351.4 280.4 131.1 4,332.4 4,324.6 4.112.0 4,229.4 220.4 95.2 9.5^7.8 4.30 7.9 4,315.7 4,010.4 4,151.4 297.5 164.3 140.2 4,522.3 3,820.5 55,430.0 106,975.4 956.5 724.3 4,015.9 3,638.9 55,732.4 107,511.4 9,739.9 7,832.8 4,351.9 4,427.3 3,482.7 3,818.7 869.2 608,6 4,195.3 Sept. 3,81(..9 55,889.1 108,121.8 June 8,9i.8.1 4,314.4 3,487.3 3,694.2 827.1 622.8 4,015.1 3,814.3 56,188.3 108,624.4 3,774. 3,733.5 3,751.9 245.2 282.7 256.6 3,325.8 3,345.9 3,019.7 45.923.1 46.593.5 47,582 6,4^.7,5 359 359 6,734.2 ', 430.0 4.005.9 4,091.1 3,885.9 3,981.9 119.0 109.2 2,761.8 2,787.7 48,825.5 50,128.9 6,633.9 6,459.0 5,720.9 8,099.9 6,562.0 7,682.4 4,005.4 4,003.3 4,006.0 4,004.7 3,960.4 4,509.8 3.906.1 3,899.9 3,843.5 3,844.6 3,748.0 4,257.8 99.2 103.4, 162.6 160.0 212.3 252.0 3,389.6 3,545.2 3,556.3 3.453.7 3,902.7 4,133.1 50.744.7 51,202.7 51,652.5 52.203.5 52.261.1 52,637.8 6,121.0 8.368.6 6,804.9 e.799.7 4,509.7 4,677.1 5,261.2 4,253.4 4,254.6 5,096,9 4,431.8 256.3 422.5 Feb. Mar. 4.018,4 3,988.6 4.02O.4 4,016.2 53,129.1 53.817.6 55.058,4 55,724.1 1981-Apr. Apr. 6.348.0 8,227.0 3.000.4 4,000.0 19 Aug. Sept. Oct. Nov. Dec. , May , Dec. Jan. 359 359 364 364 363 364 6,614.0 4.0ft2.O Cash management : 14H0-Der,, ) Dec. 31 1981-Feb. 2^ 2 359 359 June , 55,628.4 106.477. 837.9 Aug. Sept. Oct. Nov. Dec. 2 4,017. 1 3,^19.6 3,361.8 3,650.6 July 29 2b 26 55,337.7 106,081.0 3,486.0 4,178.6 22 Feb. Mar. 55,023.5 105,564.8 4,466.0 4,-82.4 8.787.3 8.216.3 4,323.9 4,318.8 27 24 1981-Jan. 4,008.0 3,804.0 9,800.3 7,577.2 6/ 4,318.3 4.375.0 July , 54,565.4 104,886.4 7 5 8.364.5 7,693.9 , 6 54,2 54.7 104,582.1 4,010.5 4.008.5 . 8,229.5 10,093.7 May June 4 4,006.4 280.0 142.4 5 June Sept, 1 16 14 919.1 621.3 4,312. 7.4fcJ. , 53,844.4 104,278.9 S.5b3.^ 4 29 4,007,5 1 Sept. 5 2 -weeks : 1980-Mar. 53,447.4 103,977.2 b.9 4,041.1 4,170.3 9,i.26.1 19 26 C,9 39.0r5/ 4.007.5 4,001.6 3,000,0 164.3 250.1 37 April 1981 •PUBLIC DEBT OPERATION Table PDO-2. - Offerings of Billg-Continued 38 Treasury Bulletin .PUBLIC DEBT OPERATIONS. Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills (Dollar amounts in millions) Description of issue i' 39 April 1981 .PUBLIC DEBT OPERATIONS. Table PDO-3. New Money Financing through Regular Weekly Treasury (Dollar amounts In Bills 1^-Continued millions) Description of issue Amount Matur date 1980-Dec. -. 11. 18 26 19ei-Jan. Apr. 2 a 15 22 29, Feb. ^. 12. 10. 26. Har. >. 12. Number days t of bids tendered Amount of bids accepted Average rate of bids accepted 1/ (Percent) New money increase, or decrease (-) 40 Treasury Bulletin PUBLIC DEBT OPERATIONS , Table PDO-4. - Offerings of Public Marketable Securities Other than Regular Weekly Treasury Bills (Dollar aFiounts 41 April 1981 I PUBLIC DEBT OPERATIONS Table PDO-4. - Offerings of Public Marketable Seearitiee Other thaa Regalar Weekly Treasury Bills-Continued DoLlar amounts in millions) Dace subscri tioD books closed or tenders received 7/02/80 7/16/80 7/23/80 7/29/80 8/05/80 8/06/80 8/07/80 8/13/80 8/20/8O 8/27/80 9/10/80 9/18/80 9/23/80 10/07/80 10/08/80 10/22/80 10/30/80 11/05/80 11/06/80 11/07/80 11/12/80 U/25/80 11/26/80 12/02/80 12/03/80 12/16/80 12/18/80 12/23/80 12/23/80 12/30/80 12/30/80 1/06/81 1/21/81 1/22/81 2/03/81 2/04/81 2/05/81 2/18/81 2/19/81 2/24/81 2/26/81 3/04/81 3/18/81 3/19/81 3/24/81 3/25/81 3/26/81 3/31/81 Issue date 7/9/80 Description of securities 1/ Period to final maturity (year, months, days) 2/ Amount of subacriptions tendered Exchani;e Amount issued 3/ For In cash 4/ exchange Allotment ratio . , . Treasury Bulletin 42 PUBLIC DEBT OPERATIONS ( Footnotes to Table PDO-4 Note Ihe Public Debt. except EA & FO notps were sol-i ^t auction e and noncompetitive bidding. issues. Iways sold aX. auction, the rate shoim is the For bil equivalent average rate (hank discount basis) of accented bids. Other securities issued at par except those sold at auction. For details of bill offerings see Table PDt)-2. From date of additional issue in case of a reopening. In reopenings the amount issued is in addition to the amount of original offerings. For securities exchanged for the new issues see Table PDO-?. Exchange offering available to owners of nonmarketahl e 2-^/1*7 Treasury Bonds, Investment Series B-1975-80, dated April 1. I<)51. For further information on the original offering see Tre.isurv Bulletin for April 195!. oage A-l 132 (price 99.705) up to 3ft2 (price Yields accepted ranged 99.605) with the averaj at 9.352 (price 99.fi3S). Yields accepted ranged rom 9.662 (price 99.938) up to 0.70* (price 99.868) with the averaj at 9.682 (price 99.903). Prices accepted ranged rom 99.09 (yield 9.102) doi to 98,69 tyield 9.15J) with the averagt at 9R.79 (yield 9,142). Yields accepted ranged rom 9.752 (price 100. OnO) uo to 0,792 forice 99.929) with the averai at 9.782 (price 99.947). Yields accepted ranged .182 (price oui 9.362 (price 99.296) up to 99.168) with the average at 9.37t (price 99.232). Yields accepted ranged on. 9.222 (price 99,039) up to 9.242 (price 98.838) with the avera; at 9.232 (price 98.938). Yields accepted ranged om 9.752 (price 100.000) up to 9.772 (price 99.964) with the averai also at 9.772. Yields accepted ranged om 9.202 (price 99.866) up to 9.232 (price 99.813) with the avera; at 9.222 (price 99.830). Yields accepted ranged om 8.852 (price 100.083) up to 8.932 (price 99.819) with the avera, at 3.892 (price 99.950). Yields accepted ranged om 8.782 (price 99.714) up to 8.812 (price 99.302) with the avera at 8.812 (price 99.467). Yields accepted ranged om 9.352 (price 100.045) up to 9.45% (price 99.866) with the avera; at 9.412 (price 99.938) Yields accepted ranged rom 9.032 frrice 9<».023) up to 9.072 (price 99.820) with the avera at 9.062 (price 99.845) Prices accepted ranged rom 100.07 (yield 8.992) down to 99.06 (yield 9.0U) with the iverage at 100.00 (yield 9.002). Prices accepted ranged 102.36 (yield 8.8921 down to 101.99 (yield 8.932) with the iverage at 102.13 (yield 8.922). Yields accepted ranged m 9.602 (price 100.045) up to 9.662 (price 99.938) with the avera t 9.652 (price 99.955). Yields accepted ranged rom 9.232 (price 99.997) up to 9.27T (prite 99.848) with the average at 9.252 (price 99.922). Yields accepted ranged om 10.202 (orice 99.869) up to 10.22'! (price 99.834) with the average at 10.212 (price 99.851). Yields accepted ranged rom 9.752 (price 100.000) up to 9.8l2 (price 99.806) with the averag. t 9.792 (price 99.871). Yields accepted ranged rom 10,102 ^price 100.155) up to 10.252 (price 99.013) with the average at 10.172 (price 99.620). Yields accepted ranged rom 12.552 (price 100.129) up to 12.692 (price 99.888) with the average at 12.662 (price 99.940). Yields accepted ranged rotn 11.622 (price 100.014) up to 11.642 (price 99.958) with the average at 11.642 (price 99.958), Yields accepted ranged rom 10.702 (price 100.303) up to 10.797 (price 99.759) with the average at 10.752 (price 100.000). Yields accepted ranged rom 10.392 (price 99.863) up Co 10.48': (price 99.045) with the average at 10.442 (price 99,407). Yields accepted ranged rom 12.182 (price 99.905) up to 12.262 (price 99.767) with the average at 12.242 (price 99.801). Yields accepted ranged rom 10.282 (price 100.389) up to 10.492 (price 99.532) with the average at 10.402 (price 09.898). Yields accepted ranged rom 11.422 (price 99.922) up to 11.44T (price 99.887) with the average at 11.432 (price 90.904). Yields accepted ranged rom 10.392 (price 100.353) up to 10.60T (price 99.681) with the average at 10.522 (price 99.936). Yields accepted ranged rom 10.582 (price 99.352) up to 10.612 (price 99.130) with the average at 10.602 (price 99.204). Yields accepted ranged rom 11.502 (price 100.000) up to 11.532 (price 99.948) with the average at 11.522 (price 00.965). Yields accepted ranged rom 11.872 (price 100.014) up to 12.002 (price 99.651) with the average at 11.982 (price 99.707). Yields accepted ranged rom 11.982 (price 99.932) up to 12.052 (price 99.599) with the average at 12.022 (price 99.742). Yields accepted ranged rom 11.782 (price 99.754) up to 11.872 (price 99.021) with the average at 11.842 (price 99.264). Yields accepted ranged rom 13.912 (price 99.941) up to 14.002 (price 99.788) with the average at 13.982 (price 99.822). Yields accepted ranged rom 14.202 (price 100.443) up to 14.502 (price 99.365) with the average at 14.392 (price 99.758). Yields accepted ranged rom 14.942 (price 100,101) up to 15.072 (price 99.883) with the average at 15.012 (price 99.983). Yields accepted ranged rom 14.202 (price 100.149) up to 14.332 (price 99.763) with the average at 14.292 (price 99.881). Yields accepted ranged rom 12.602 (price 100.092) up to 12.722 (price 99.293) with Che average at 12.692 (price 99.492). All securitie; tlirough compet il _1/ _2/ _3/ W _5/ 6/ 7/ 8/ 9/ _!£/ U/ 12/ U/ 14/ 15/ 16 / 17 / 18/ 19/ 20 / 21/ 22 / 23/ 24/ 25/ 26/ 27/ 28 / 29 / 30 / 31 / 32 / 33 / 34/ 35 / 36 / 37/ 38/ 39 / 40 / &!/ 42/ I . ^ . , ' i ! : Yields accepted ranced from 11.412 fprice QO.q^O) up to 11.462 (price 99,RS21 with the average at 11.442 (price OQ.887). 44/ Yields accented raneed from 9.282 (price OO.Slf.) up to 9.352 (price 90.ft23) with the average at 9.32?: (price 90.706). 45/ Price accepted ranged from 106.10 (vield 9.752) down to 104.84 (yield 9.95*1 with the average at 105.272 (yield 9.882). 46/ Yields accepted raneed from in, 082 (price 99.248) up to 10. 1*2 (price 98.372) with the average at 10.122 (orice 98.8761. Yields accented ranged from 0.20! (price 100.151) up to 9.402 (price 4J_/ 09.056} with the averaite at 0.37^ (price 100,000). 48/ Yields accented raneed from 9.56^ (price 100.177) up to 9.692 (price 90.654) with the averaee at o.ftftj (orice 99.7751. 49/ Yields accepted ransed from a.55r (price 100.135) up to 8.652 (price 99.055) with the average at 8.63' (price 99.991). 50/ Yields accepted ranped from 8.047 (price 09.785) up to 9,01? (price 00.555) with the average at 8,90t (price 99.621). M_/ Yields accepted ranged from 10.402 (price 99,813) up to 10.442 (orice 09.515) with the average at 10.422 (price 99.664). 52/ Yields accepted ranged from 8.922 (price 90.919) up to 9.002 (orice 90.776) with the average at 8.972 (price 99.830). 53/ Yields accepted ranged from 0.ft5»' (price 90.955) up to 9.902 (orice 99.818) with the average at 9.882 (price 99,873). 54/ Yields accepted ranged from 10.732 (price 100.121) up to 10.852 (price 00.399) with the average at 10.812 (price 99.639). _55/ Prices accepted raneed from 97.40 (yield 10.662) down to 96.18 (vield 10.802) with the average at 06.91 (yield 10.712). Yields accepted ranged from 11.182 (price OQ.9041 up to 11.262 (price 99.765) with the average at 11.24? (price 00.799). 57/ Yields accepted ranged from 11.69* (price 100.103) up to 11.782 (price oq.759) with the average at 11.762 (price 90,835). Yields accepted ranged from 11.852 (price 100,0'.3) up to 11.962 (price 99.853) with the average at 11.932 (price 90,905). 59/ Yields accepted ranged from 1?,052 (price 100,233) up to 12.152 (price oq,<)73) with the average at 13,132 (price 90.085). 60/ Yields accepted ranged from 11.48? (price 100.088) up to 11.752 (price 98.197) with the average at 11.612 (price 99.171). 61_/ As a result of correctine an overstatement by a Federal Reserve Bank of the amount of noncompetitive tenders received, the total amount of accepted tenders was changed from 54,500 million to S4,3I5 million. Neither the average yield nor the amount or range of competitive tenders was affected. 62/ Yields accepted ranged from 12.192 (price 99.888) up to 12,262 (price 00,7^7) „ith the averaee at 12.242 (price 00.801), 63/ Yields accepted raneed from 13.092 (price 100.438) up to 13.402 (price 90.592) with the average at 13.312 (price 99.837). 64/ Yields accepted ranged from 12.952 (price 100.276) up Co 11.122 (price oq.342) with the average at 13.072 (price 90.616), 65/ Yields accepted ranged from 12.692 (price 100.461) up to 12,872 (price 99.000) with the averaee at 12.812 (price 99,543). (price 99.941) up to 14.022 66/ Yields accepted ranged from 13.912 (price 09.755) with the averaee at 13.99ir (price 90.805). 67/ Yields accepted raneed from 13.402 (price 100.211) up to 13.542 (price 90.698) with the average at 13.522 (price 00.771). 68/ Yields accepted ranged from 15.132 (price 99.992) up to 15.182 (price 00.908) with the averaee at 15.152 (price 09.958). 69/ Yields accepted raneed from 13.932 (price 100,209) up to 14.062 (price 99.821) with the averaee at 14.032 (orice 90.910). 70/ Yields accepted ranged from 12.387 (price 99.957) up to 12.502 (price 00,407) with the average at 12.49? (price 99.453). 11/ Yields accented ranged from 11.772 (price 99,787) up to 11.842 (price 99,255) with the average at 11.822 (price 99.407). TV Yields accepted ranged from 13.652 (price 99.958) up to 13.712 (price 90.856) with the average at 13.692 (price 90.890). 73/ As a result of correct ing an understatement by a federal Reserve Bank of the amount of competitive tenders received, the total amounts of tenders received and accepted were increased by SI 00 The averaee vield was not affected. million. 74/ Yields accepted ranged from 13.322 (price 09.809) up to 13.402 (price 99.50J) with the average at 13.372 (price 99.673), 15/ Prices accepted ranged from 100.85 (yield 12.832) down to 100,25 (yield 12.04?) with the average at 100.50 (yield 12.892). Ihl Prices accepted ranged from 100,81 (yield 12.632) down to 100.26 (yield 12.702) with the average at 100.43 (vield 12.682). TV Yields ranged from 13.942 (price 99.890) up to 14.002 (price 99,789) with the average at 13.972 (price 99.839). 78/ Yields ranged from 13.742 (price 99.865) up to 13.742 (price 99.610) with the averaee at 13.79! (price oq.(S83). accepted ranged from 12.612 (pi ce 100.026) up to 12.682 _79/ (price 90. go*;) with the average at 12.652 (price 99.957) 99.744) up to 13.512 80/ Yields accepted ranged from 13,462 (pr ith the average at 13.492 (price 99.653) (pric repted ranged from 13.13! (pr ce 99.870) up to 13.262 8I_/ Yield (price 98.963) with the average at 13. '12 (price 99.310). 82/ Yields a:cepted ranged from 13.242 (pr ce 100.025) up Co 13.392 (price 99,355) with tht average at 13.34^ (price 99.577). Less than S500.000. ^/ I April 1981 43 .PUBUC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount Other than Advance Refunding Operations ion of securities v-i/i.1 Note 4/30/ai-S 7-3/8?. Note 5/n/81-D 7-1/27. Nott 9-J/i.7. 6-l/i.7. 9-1/87. Amount issued (In mil lioi>5) tivc interest El let Treasury Bulletin .PUBLIC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securities Issued at a Premium Other than Advance Refunding Operations-Continued Description or Discount 45 April 1981 .PUBLIC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Diacount Other than Advance Refunding Operations—Continued Dfscrlptlon of securlllc U-3/87. Noit tt, Bond 8-1/47. Note 8-3/47. Note 7-1/2"^ Bond - 8/15/8«-^l 1989 9-1/67. Note V15/89-A '.-1/87. Bond Vn/89-9'. 1990 S-1/47. Bond i/l')/90 10-3/47. Note 8/15/90-A ti/n/10-R ]992 . Treasury Bulletm 46 -PUBLIC DEBT OPERATIONS Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount Other than Advance Refunding Operations—Continued Date of Descript n i Amount i s^ued fin.=inrin; '>f P'-r 5313 601 8-3/8% 8/n/95-01 - Bond ( 11-1/27. Build - Bond - wn^i-'' 11/15/^5 8/15/')ti-Cil l.-'^^' Bond - 5/15/00-05 .nd - 2/15/02-07 Bnnd - 11/15/02-07 Bond - fl/15/03-Oi B.jnd - 2001 11-3/4% 7-7/87. 2003 ''-3/87. 9-1/87. Bond 1 1/15/78 5/15/0i.-0<) - 5/15/?^' S/15/70 10-3/87. Bond - ll/15/OA-0'5 11/15/^1 y/lS/'^O 2005 H-3/A*'. Bond 2/15/05-10 107, Bond 5/15/05-10 5/15/80 1:^-3/47. Bond 11/15/05-10 11/17/80 2/15/80 Aver,iEe (iric hundred 47 April 1981 .PUBLIC DEBT OPERATIONS. Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part A. Issues - Other than Bills 1/ _ Treasury Bulletin 48 .PUBLIC DEBT OPERATIONS Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part A. - Other than Bills (In millions of dollars) Issues i' -Continued Ap ril 49 1981 .PUBLIC DEBT OPERATIONS. Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part B. - Bills Other than Regular Weekly Series 50 Treasury Bulletin .PUBLIC DEBT OPERATIONS Table PDO-7. - Disposition of Public Marketable Securities Other than Regular Weekly Treasury Date -r 3/31/79 4/01/79 1-1/27. i./03/79 i./30/'9 6. a ^7*/. 5-~/8*/. 5/1/79 5/15/79 5/29/79 5/31/79 7-7/8?. 7.4177, 6-1 /a:i Note Bill Note 6/26/79 6/30/79 6/30/79 7.6787. 7-3/47, 6-1/81. Bill Note Note 7/2i/79 7/31/79 8/15/79 8/15/79 8/21/79 9/31/79 6-1/47, 6-1/47. 6-7/87. 7.8767, 6-5/87. Note Note Note 9/18/79 9/30/79 9/30/79 7.9547. 8-1/27, 6-5/87, Bill Note Note 10/1/79 10/16/79 10/31/79 1-1/27. 8.2-27. 7-1/47. Bill Note 11/13/79 11/15/79 11/15/79 11/15/79 11/30/79 12/11/79 12/31/79 9.3127. 6-5/37. 7 8207, 77. 6-1/47, 7-1 /a:. 9.3207. 7-1/27. 7-1/87. 9.6057; U/3I/79 1/8/80 1/31/eo 2/5/80 2/15/60 2/15/80 2/29/80 3/4/80 3/31/80 4/1/80 4/29/80 4/30/80 5/15/80 . 7-1/27. 9.34S% Bond Note 7- 5/87. Bill 7-1/27. 1-1/27. Note Note Bill Note Note 9.23^7. 7-3/47. 6-7/87. 5/27/80 5/31/80 9 8.829^ . 1 5 i7, 7-5/8?. 6/30/80 8-l/4t 7/22/8Q 7/31/80 8/15/80 8/15/80 8.896?. 8-1/27. 97, b-3/47. 8/19/80 8/31/80 9/16/aO 9/30/80 9/1^/80 10/1/80 10/14/HO 10/31/80 11/6/80 11/15/80 11/15/80 11/30/80 12/04/80 12/31/80 12/31/80 1/02/81 1/29/81 mim 2/15/81 2/15/81 2/26/81 2/28/31 3/26/81 3/31/81 3/31/81 4/01/81 Note 9.4857. 6/24/80 6/30/80 8/19/80 6/31/80 Bill Note Note Note Note Bill Note Note 9.1897. Bill Note Note Note Note Note - - Bills 51 April 1981 .PUBLIC DEBT OPERATIONS. Table PDO-8. - Foreign Series Securities (Nonniarketable) Issued to Official Institutions of Foreign Countries Treasury Bulletin 52 -PUBLIC DEBT OPERATIONSTable PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries-Continued tPjyabU Securities Issue date ill U.S. dollars; dol la^ amounts Maturity date inmilUpnsJ Interi rote (perc, 1930-iiLli Bills. '/01/80 7/U1/80 Certificates of Indeblednes August Ellis.. 7/11/80 7/1-/80 7/14/HO 7/18/BO 14.45 14.45 14.45 13.85 7/18/fiO n.85 7/Z1/80 7/25/80 7/30/80 10/01/80 10/07/80 10/07/80 10/09/80 10/09/80 10/10/80 10/10/80 10/10/80 10/10/80 10/14/80 10/14/80 10/14/80 10/15/80 10/20/80 10/20/80 10/20/80 10/21/80 10/27/80 10/28/80 10/28/80 10/30/80 13.85 12.75 10.80 8.15 8.15 8.15 7/31/87 7/08/80 8/31/87 7/15/80 9.75 7.20 9.85 7.30 8.20 8.20 7.90 7.90 8.25 08/01/80 08/01/80 08/01/80 10/01/80 U/03/80 01/05/81 09/02/80 02/12/81 04/01/81 05/01/81 Certificates of Indebtedness. 08/07/80 08/14/80 08/19/80 08/25/80 08/28/80 08/29/80 09/10/80 10/14/80 10/15/80 10/20/80 10/21/80 10/27/80 10/30/80 300 319 123 9.75 8.60 8.60 6.95 25 183 7.70 7.70 6.50 8.20 8.20 8.20 8.20 7.90 08/15/80 September Bills Certificates of Indebtedness. 11/30/79 12/21/79 08/01/80 09/15/80 09/26/80 09/02/80 09/02/80 09/02/80 12/01/80 05/01/81 11.40 06/10/80 06/11/80 06/11/80 06/12/80 06/13/80 06/18/80 06/30/80 09/11/80 09/11/80 09/11/80 09/12/80 09/12/80 09/15/80 09/15/80 09/18/80 09/18/80 09/10/80 09/11/80 09/11/80 09/12/80 09/15/80 09/18/80 09/30/80 12/11/80 12/11/80 12/11/80 12/12/80 12/12/80 12/15/80 12/15/80 12/18/80 12/18/80 6.50 6.50 6.50 6.50 6,50 6.40 7.10 10,10 10.10 10,10 10,10 10.10 10.10 10.10 10.65 10.65 10/02/78 09/30/80 8,625 146 108 ././ 33 April 1981 PUBLIC DEBT OPERATIONS Table PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries-Continued 01/28/80 01/30/80 08/01/80 10/01/80 10/20/80 10/29/80 12/31/79 Certificates of Indebtednts 07 '01/80 07/0'7/eO 07/07/80 07/1Q/80 07/10/80 07/18/80 07/18/80 07/2«/fiO 07/28/80 O'VIl/80 10/07/80 !0/07/ft0 10/07/80 10/07/80 lO/JO/80 10/ 10/80 1(1/10/80 10/10/80 11/30/SO 11/20/RO 01/30/80 08/01/80 i;/n/7<) 02/11/80 09/1S/80 10/20/80 11/20/80 12/02/80 12/02/80 12/02/80 12/08/80 03/31/77 C,4/30/7<* O^/M/71 10/01/80 10/01/80 10/01/80 Ob/01/fil Oa/20/81 06/01/81 10/01/80 10/01/80 10/07/86 10/07/80 10/10/80 10/10/80 10/20/80 10/20/80 10/28/80 10/28/80 12/11/80 01/07/81 01/07/81 01/07/81 01/07/81 01/12/81 01/12/81 01/12/81 01/12/81 01/2<'/81 12/31/80 11/03/80 11/03/80 12/01/HO 12/01/80 12/01/80 0<:./20/8l 12/31/80 01/-'j/81 02/02/81 04/01/81 05/01/81 12/31/80 01/31/81 02/28/81 '19fH- Jrtnviary Bills... 02-11-80 03/04/SO Oe/Ol/FiO ll/.'0/rt» 12/02/SO 12/08/80 01/05/81 0:/?''/8l 01/29/81 06/17/80 01/05/81 01/05/81 01/05/81 01/29/91 01/05/81 05/01/81 07/01/81 04/30/81 03/02/81 12/02/80 02/03/81 02/03/81 02/18/81 02/18/81 02/02/81 02/12/81 02/02/81 05/01/81 08/03/81 09/01/81 10/01/81 0i/15/7b 02/15/81 07/01/80 01/29/81 03/02/81 01/03/81 03/03/81 03/03/81 03/03/81 01/02/81 03/02/81 09/01/81 04/01/81 05/01/81 10/01/81 11/02/81 06/03/77 03/31/81 OS/ I 5/80 March Bills. 1. Treasury Bulletin 54 PUBLIC DEBT OPERATIONS. Table PDO-9 - Foreign Currency Series Securities Issued to Residents of Foreign Countries April 1981 55 .UNITED STATES SAVINGS BONDS- Series E, EE and Series HH are the only savinqs currently sold. and Series 1980. EE and HH have been on honds 1, 1941 since January sale 1, Series A-D were sold from March 1, 1935 through !\pr\\ 30, 1941. Series F and G were sold from May 1, IQAl through April 30, 1952. 31. Series E has been on sale since May 1979. Series H sold from June Series J and Table SB-1. K - were sold 1, through December from May 1. through April 30. Details of the principal 1957. issues, in the Treasury Bulletins of April and December September 1959, 1970: and May and 1951. May 1957. October October the Annual 1961. June the Treasury for fiscal years 1966 through 1977. Sales and Redemptions by Series, Cumulative through 1968 and Report of the Secretary of 1952 (In millions of dollars) changes interest yields, maturities, other terms appear in H^rck Jl, IMl i . , 56 Treasury Bulletin .UNITED STATES SAVINGS BONDS. Table SB-3. - Sales and Redemptions by Periods, Series E through K (In millions of dollars) Redemptions Sales plus accrued discount 19iI-'^0. 48,455 1971 1972 1973 1974 1975 1976 T.O 1977 1978 1979 1980 Calendar years 19411971. 1972. 1973. 1974. 1975. 1976. 1977. 1980 Month s 1980-Mir.. Apr. May.. June. July. Aug.. Sept. Oct.. Nov.. Dec . . 1981-Jan.. Feb.. Mar.. ; Sales price V' 1/ unt outstanding Accrued discount^ Interest-bearing debt Matured non-interestbearing debt April 1981 51 .UNITED STATES SAVINGS BONDS. Table SB-3. - Sales and Redemptions by Periods, Series E through K— Continued y (In millions of dollars) Kedemptions Accrued di scount \l Sales plu Sales price ^/ Accrued discount hi Exchange of E bonds for H bonds Amount outstanding (interestbearing debt) ., 38 Treasury Bulletin .UNITED STATES SAVINGS BONDS. Table SB-4. Redemptions of Matured and Unmatured Savings Bonds (In millions of dollars) Series and H Fiscal years 1051-64 1965 1966 1967 1968. 1969. Qalendar years 1951-70 1971 1972. 1973. 1974. 1975. 1976. 1977. 1978. 1979., 1980. Series E and H : 87,140 5,346 39,488 2,184 2,253 2,471 2,548 2,560 2,792 2,490 2,043 2,126 2,729 2,544 2,820 22,025 1,938 1,973 2,059 2,289 2,417 2,762 2,481 2,036 2,121 2,724 2,545 2,816 797 17,463 246 280 412 260 143 6,748 5,425 5,338 5,586 6,681 6,517 6,543 1,689 7,064 7,747 10,975 16,703 3,578 3,157 5,654 10,430 794 -577 3,153 5,651 10,428 48,043 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 3,487 4,690 4,927 6,430 129,586 57,346 36,958 71,392 5,244 5,365 6,210 6,833 6,291 6,771 7,110 8,200 12,326 15,543 2,022 2,053 2,508 2,627 2,481 3,275 2,556 3,129 6,459 2,014 2,047 2,505 2,622 2,481 3,275 2,556 3,125 6,448 3,305 3,337 3,578 10,112 10,116 5,709 2,416 2,515 1,334 1,032 1,326 1,618 2,067 1,037 1,326 1,618 2,066 446 788 830 1,181 747 673 729 692 486 441 531 473 353 547 486 239 235 376 5,724 5,922 5,982 6,339 1970. 1971. 1972. 1973. 1974. 1975. 1976. T.O.. 1977. 1978. 1979. 1980. i E 29 : .3,789 3,955 3,487 4,553 5,071 5,709 Jtenth: 1980-Mar.. Apr, May.. June, July, Aug.. Sept, Oct.,. tKn.. Dec. 1981-Jan.. Feb. Mar. «U 945- 1,866 1,219 1,097 441 531 473 353 546 241 175 il7 38 v 59 April 1981 .UNTIED STATES SAVDJCS B0ND8 lUik SB-6. - Salm and Redemptkms by DaKamnatians, Series E and H Comtmed (In thousands of pieces) S 10, rotil all 000 21 ll denominations Fiscal years : 19^*1-70 1971 1972 1973 197i. 1975 1976 T.Q 1977 1979p ,106,361 121,544 127,671 134,552 134,854 136,600 142,539 35,704 146,927 151,726 ,077,757 76,103 76,616 78,859 78,605 77,493 79,243 19,612 79,530 81,242 605,594 28,034 30,131 32,265 32,789 33,591 35,388 8,970 37,088 36,684 3,105, 494 120, 130 123, 637 ,037,652 77,828 75,726 77,330 77,747 85,595 77,629 80,308 592,612 26,583 28,914 31,040 32,164 35,621 34,189 36,433 79,769 81,283 76,373 22,732 37,446 38,693 38,937 40,812 10,598 10,077 10,113 9,145 7,792 6,737 5,365 4,526 4,260 3,371 2,259 1,519 3.051 3,211 7,096 6,739 6,374 6,580 5,723 6,783 ,620.505 1,149 3,343 197 45 24 10 3,7 38 Calendar years: 1941-69.., 1970 1971 1972 1973 1974 1975 1976 130, 568 132, 920 147, 359 138, 421 145, ,757 147, 960p 152 ,005 1977 1978 1979 19809. 144 Months ; 1980- Jan. Feb. Apr. Hay.. June. July. Aug.. Sept. Oct.. Nov. . Inception to date p.. 3,3 39 3,303 3,136 2,891 3.716 3,749 3,355 3,980 997,657 43,724 1,122 1,502 1,688 1,451 1,620 1,770 54,407 1,050 1,476 1,684 1,452 1,706 1,950 485 2,256 2,253 340,429 12,073 14,177 15,862 16,204 17,442 18,955 4,841 20,424 21,549 22,372 1,159 1,443 1,651 1,581 134,998 11,049 13,022 15,012 15,744 17,891 18,148 19,686 21,882 1,007 1,284 1,547 1,592 1,753 1,866 2,071 43,230 20,705 21,678 20,777 16,436 2,226 2,312 2,051 2,818 1,926 1,821 1,275 44,951 848 1,229 1,606 1,511 1,763 1,778 2,055 2,293 2,163 1,300 777 797 327 448 571 680 738 803 1.508 1,537 1,584 1,449 1,319 1,195 171 189 210 86 77 90 84 74 67 62 899 1,041 948 1,048 648 999 49,947 1,319 1,353 1,288 1,340 1,160 1,384 527,593 251 277 261 287 243 289 ,860 ,989 2,30« 2,518 2,758 2,969 3,243 836 3,512 3,785 8,955 1,853 2,139 2,397 2,604 3,037 3,103 3,372 3,577 3,826 3,813 9,350 1,763' 1,975 511 2,188 2,311 441 1,910 1,883 950 1,292 1,613 1,538 1,672 1,692 1,816 71 208 216 216 4 58 9 I 15 20 17 23 64 63 58 60 42,704 54 63 62 ,040 13,604 740 776 855 1,080 1,035 1,074 30,231 943 899 955 1,196 1,091 1,065 Redemptions 2/ Fiscal years 1941-70 1971 1972 1973 1974 1975 1976 T.Q 1977 1978p : 2.645,859 102,145 103,651 106,065 120,258 115,941 116,842 31,340 123,459 130,036 Calendar years 1941-69 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 ,585 031 112, 394 101, 593 103,,513 112,,552 124,,308 113,,343 120,,594 19,988 27 18 16 18 13 123,,650p 1980p Months : 1980- Jan Feb Mar Apr.... May June. . July.. Aug. . Sept.. Oct... Nov... Dec. . Inception to date p. 133 ,775 170 ,420 186 ,266 25, 189 20, 493 26, 016 27, 827 683 12,019 2 4,020,948 20,167 120 15 282 1,211 1,393 1,140 1,266 477,426 24,444 22,990 24,252 26,914 30,405 27,983 30,347 31,736 34,743 44,873 51,685 4,529 1,280 1,434 1,670 1,957 2,362 2,340 2,582 2,750 3,127 4,029 5,038 252,763 10,586 9,366 9,953 11,735 13,157 12,361 13,661 14,613 16,866 24,081 28,892 13,101 867 743 797 991 1,088 1,020 1,135 1,231 1,499 2,350 3,068 29,541 1,169 893 905 1,106 1,175 1,047 1,098 1,146 1,368 2,196 3,017 7,080 5,613 7,052 7,595 4,424 3,145 582 502 641 4,110 3,226 4,599 4,757 2,414 1,592 433 417 323 500 521 276 159 455 332 507 519 241 152 2,870 2,664 2,826 2,702 2,406 3,308 255 279 301 344 1,378 1,276 1.310 1,329 1,208 1,693 132 126 137 145 141 203 128 114 124 136 133 186 131 113 127 144 140 205 426,278 28,724 12,097 10,137 12,141 13.174 8,647 ,369 ,568 ,537 30,074 1.284 291 16,021 1,757,255 72,693 65,206 64,990 68,679 74,867 67,511 70,637 70,996 74,713 90,420 91,191 5,872 10,773 9,796 9,722 9,175 7,938 10,635 122 10 258,776 9,313 9,689 10,515 12,768 12,490 13,036 3,532 14,420 490,733 22,659 23,921 25,089 29,137 28,411 29,134 7,855 31,599 6,537 30,853 988 917 948 1,228 1,095 1,056 275 1,126 1,289 5,207 1,327 1,577 1,784 2,215 2,239 2,486 668 2,712 2,992 1,796,072 66,127 65,832 65,880 72,588 69,534 68,965 18,427 71,211 73,381 33,649 665 373 264 336 496 836,058 Sales of Series H bonds began on June 1, 1952; the denominations authorized were $500, $1,000, $5,000, and $10,000. Sales were authorized in June 1944 to Armed Forces only, and discontinued after March 31, 1950, Sales began on May 1, 1964. Sales began on October 29, 1945. Sales of 510,000 denominations Series E bonds were authorized on 7 12 921 '906 1,125 1,192 1,031 1,087 1,139 1,411 2,394 3.259 18 21 12 18 9 24 41 12 348 560 579 294 163 47,428 May 1, 1952. Series E 6/ Includes sales and redemptions of $100,000 denomination bonds which are purchasable only by trustees of employee's savings accounts personal trust and also plans, beginning April 1954, beginning January 1955. See Table SB-4, footnote 1. 8/ Series EE and HH Bonds began on January 2, 1980. * Less than 500 pieces, y p Preliminary. 60 Treasury Bulletin .UNITED STATES SAVINGS NOTES 1967 The principal terms and conditions for purchase and re- The notes were eligible for purchase demption and information on investment yields of savings notes the simultaneous purchase of Series E appear in the Treasury Bulletins of March 1967 and June 1968; United States savings notes were on through June 30, 1970. by individuals with . sale May 1, and in the Annual Report of the Secretary of the Treasury for savings bonds. fiscal year 1976. Table SN-1. - Sales and Redemptions by Periods (In millions of dollars) Accrued discount Fiscal years : 1967-69 1970 1971 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 1980 Calendar years Sales plus accrued discount Redemptions Sales price 1! Accrued discount 3u 25 33 28 29 35 31 111 167 85 69 77 75 45 6 505 742 619 105 157 77 58 62 58 32 561 519 6 23 22 12 12 31 21 21 Amount outstanding 48 477 435 413 407 394 385 359 304 76 : 124 28 29 39 25 24 23 22 21 28 29 39 25 24 23 22 21 584 540 71 53 42 35 33 52 19 40 29 23 16 14 496 453 424 406 393 22 33 383 352 300 341 332 322 308 307 306 302 300 1981-Jan.. Feb. Mar.. Source: Monthly Statement of the Public Debt of the United States; Office of Market Analysis, United States Savings Bonds Division. Figures shown thereafter Sales were discontinued after June 30, 1970. \l represent adjustments. 300 6 295 10 Includes U.S. savings not;es exchanged for Series H bonds beginning January 1972. Less than $500,000. Revised. 61 April 1981 _OWNERSHIP OF FEDERAL SECURITIES. Table OFS-1. - Dietribution of Federal Securities by Claseee of Investors and Type of Issues Treasury Bulletin 62 -OWNERSHIP OF FEDERAL SECURITIES. Table OFa-2* - Estimated Owoerehip of Public Debt Securities by Private Investors (Par values 1/ in billions of dollars) Nonbank investors Individuals 3/ End of month Total April 1981 63 -TREASURY SURVEY OF OWNERSHIP- tions in the September I960 Bulletin, and for State and local The monthly Treasury 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 The similar proportion for corporations Holdings by commercial banks distributed according t> and for savings and loan associations is 50 percent, and for Federal Reserve member bank classes and nonmember banks arp these institutions. State and local governments, 40 percent. published for June Data were first pub- 30 and December 31. Holdings by corporate lished for 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 February (Fir values - in of Federal Securities 28. 1981 millions of dollars) 64 Treasury Bulletin TREASURY SURVEY OF OWNERSHIP February Table TSO-2. - 28, 1981 Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution nil .'I Table TSO- Apr H 63 1981 -TREASURY SURVEY OF OWNERSHIPTable TSO-3. Total February 28, 1981 Interest-Bearing Marketable Public Debt Securities by Issue— Continued 66 Treasury Bulletin TREASURY SURVEY OF OWNERSHIP FEBRUARY 28, 1980 Table TSO-4. - Securities Issued by Government Agencies April 1981 67 .MARKET QUOTATIONS ON TREASURY SECURITIES. March Current market quotations shown here are over-the- 31, 1981 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. 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. Amount outstanding - Treasury Bills Securities Treasury Bulletin 68 .MARKET QUOTATIONS ON TREASURY SECURITIES, March Table MQ-2. - Treasury Notes-Continued (Price decimals are 32nd3) 31, 1981. April 1981 69 .MARKET QUOTATIONS ON TREASURY SECURITIES, March Table MQ-3. - Treasury Bonds 31, 1981. Treasury Bulletin 70 .MARKET QUOTATIONS ON TREASURY SECURITIES. o CO UJ o DC CO CO I o o CM c\i LO lO d o d in d April 1981 71 AVERAGE YIELDS OF LONG -TERM BONDS. Table AY-1. Treasury bonds 1/ - Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods New Aa corporate bonds 2/ New Aa municipal bonds 2/ Treasury bonds 1/ New Aa corporate bonds 2/ Monthly series - municipal bonds 2/ New Aa corporate bonds 2/ Treasury bonds 1/ averages of daily or weekly series 1973 Jan. Feb. Mar. Apr. May. 6.25 7^61 7.67 7.75 7.70 7.69 7.73 6.53 6.85 4/ 6.41 6.25 6.30 6.35 7.97 5.22 8.45 8.10 7.97 7.95 8.09 5.40 4,98 4.98 5.14 6.44 5/ 6.39 6.53 6.94 6.99 9.70 Oct. Nov. Dec. 6.57 6.75 6.63 6.59 6.24 5/ 5.97 9.09 9.08 9.00 9.14 8.97 8.13 Jan. Feb. Mar. Apr. May. June 5.92 5.84 5.71 5.75 5.96 5.94 7.63 7.54 7.62 7.76 8.25 8.15 July Aug. Sept Oct. Nov. Dec. 5.91 5.78 5.56 5.46 4/ 5.48 5.62 8.24 8.14 7.90 7.72 7.67 7.54 1972 5.96 5.62 5.20 4.87 4.92 5.02 5.62 5.67 5.66 5.74 5.64 5.59 7.36 7.57 7.53 7.77 7.61 7.63 4.99 5.06 5.29 5.30 5.22 5.26 6.68 4/ 6.66 6.77 4/ 7.05 7.72 7.59 7.72 7.66 5.28 5.19 5.26 5.09 6.89 5.70 5.69 June July Aug. Sept 6.15 6.60 7.00 7.10 6.22 6.00 6.15 6.25 6.05 5.20 1971 Jan. Feb. Mar. Apr. May, June July Aug. Sept Oct. Nov. Dec, 5.51 1976 4.99 5.11 5.22 5,96 4/ 6.14 6.20 6.11 6.25 6.32 5.02 5.04 5.13 7.01 6.92 8.97 8.71 8.73 8.68 9.00 8.90 6.85 6.82 6.70 6.65 6.62 6.38 8.76 8,59 8.37 8.25 8.17 7.90 6.93 6.92 6,88 6.73 5, 1974 6,5b 6.54 6.81 7.04 7.09 4/ ^.02 4.94 4.97 7. IS 7.33 5/ 7.30 7.22 6.93 6.77 7. 5.61 5.89 5.92 6,68 7.16 7.20 7.13 7.17 6.99 10.18 10,30 10.44 10.29 9.22 9.47 1975 6.75 6.55 6.64 6.33 6.33 6.86 6.98 7.01 6.94 7.08 7.16 7.24 9.17 8.84 6.50 6.30 6.69 6.85 6.96 6.59 9.56 9.71 9.89 6.70 8.32 8.21 8.60 9.04 9.39 9.59 4/ '5/ OX ~ 6.86 7.11 4/ ''.28 7.29 7.21 7,17 ' 4, 5, 4J 4/ 7.96 8,18 8.33 8,30 8.38 8.08 8.12 8.06 e.ii 8.21 8.26 8.39 1978 8.70 8.70 8.70 7.82 4, minicipal bonds ^ Treasury bonds 1/ New Aa corporate bonds 2/ New Aa Qunicipal bonds 2/ Treasury Bulletin 12 AVERAGE YIELDS OF LONG -TERM BONDS 1— oooooo_ 73 April 1981 EXCHANGE STABILIZATION FUND Table ESF-1. - Balance as of September 30, 1980 and December 31, 1980 Treasury Bulletin 74 NATIONAL BANK REPORTS. Table NBR-1. - Operating Income and Expense, and Dividends of National Banks Calendar Year 1980 (Dollar amounts in millions) Number of banks 1/. Equity Capital: Capital stock, par value: Preferred Conmon 11,939 Total capital stock 11,974 , 34 Par value. Total equity capital 59, .371 OPERATING INCOME: Interest and fees on loans Interest on balances with depository institutions Income on Federal funds sold and securities purchased under agreements to resell Interest on U.S. Treasury securities and on obligations of other U.S. Government agencies and corporations Interest on obligations of States and political subdivisions in the U.S Interest from all other securities (including dividends on stock) Income from lease financing Income from fiduciary activities Service charges on deposit accounts in domestic offices Other service charges , commissions and fees Other operating income 77,493 10,634 4,319 6,639 4,423 860 899 1,569 1,672 2,976 2,813 , Total operating income 114,817 OPERATING EXPENSES: Salaries and employee benefits Interest on time certificates of deposits of $100,000 or more (issued by domestic offices) Interest on deposits in foreign offices Interes' on other deposits Expense of Federal funds purchased and securities sold under agreements to repurchase Interes- on demand notes issued to the U.S. Treasury and on other borrowed money Interest on subordinated notes and debentures Occupancy expense of bank premises net and furniture and equipment expense Provision for possible loan losses Other expenses , , Total operating expenses 14,190 14,979 24,436 20,360 11,615 2,762 296 4,219 2,704 8,471 104,032 INCOME BEFORE INCOME TAXES AND SECURITIES GAINS OR LOSSES 10,785 APPLICABLE INCOME TAXES (domestic and foreign) 2,803 INCOME BEFORE SECURITIES GAINS OR LOSSES 7,982 SECURITIES GAINS, (losses) , net INCOME BEFORE EXRTAORDINARY ITEMS EXTRAORDINARY ITEMS NET INCOME Cash dividends declared: On preferred stock On common stock Ratios: Net income, before dividends, to equity capital Cash dividends to equity capital Source: office of the Comptroller of the Currency 1/ Includes all banks operating as National banks at year end. -319 7,66A 2 7,66fc 75 April 1981 ^IMTBSNATIONAL FIMANCIAL STATISTICS!- Table lFS-3 presents an area breakdown of United States Institutions of foreign countries. liabilities to official data TTie tables In this section are designed to provide on United States reserve assets and liabilities and other statistics related to the Onlted States balance of payments and International financial posi tlon. Table IFS-4 shows United States Treasury nonmarketable bonds and notes Issued to official Institutions and other residents of foreign countries. Table IFS-1 shows the reserve assets of the United States, including its gold stock, special drawing rights held in the Special Drawing AccoXint in the International Monetary Fund, hoUinc* of conv«r\i^la foralgn curreoclea, and reserv« po• Itloa In the Intamatlonal Monetary Fund. Table IFS-5 sets forth the factors which affect the United States position in the International Monetary Fund. m-2 statistics on liabilities 1»ring» together Takls liquid liabilities to to foreign official Institutions, and otbar forclgoers, which are used in the United States weighted-average Table IFS-6 presents a measure of changes in exchange rates between the United States dollar and the currencies of certain other countries. •11 balaoc«-of-paj««nta tatlaclcs. TabU IF8*1. - U.S. Reiarve Aiieta (in millions of dollars) End of calendar year or month Gold stock 2/ Total reserve assets !_/ Reserv.- Special! drawint: Treasury (1) (2) rights U y 1971 12,167 10,206 10,112 1 H72 H73 1),151 10. 4&? 8/ 10,410 a/ 1,'>58 14,378 11,652 »/ 11,567 9/ 2,166 9/ I»74 15,883 11,652 11,652 2,374 16,226 11,519 11,599 2,335 18,747 11,598 11,5P8 2,395 19,312 11,719 11,719 18,650 11,671 11,671 18,9m 11,172 1980 26.756 1980. Mar, Apr,, M.T., Jima, 21,491 21,644 21,917 21,943 Ju\T. Aut.. Sapt. Oct. Nov. Dec. 1981-J.li.. l»75 n;6 1»J7 , .. \fn HT9 Feb.. ftar.. ^/ If 2/ 4/ ^/ H^'Uf to tli« trmsaetiona. 100 8/ In International Monetary Fund 276 II 585 241 465 8/ 552 9/ 1,852 2,212 4,434 2,629 18 4,946 1,558 4,374 1,047 11,172 2,724 3,807 1,253 11,16U 11,160 2,610 10,314 2,852 il,172 11,172 11,172 11,172 11,172 11,172 11,172 11,172 3,681 3,697 3,744 3,782 5,4lt 1,222 1,094 1,157 1,385 21,845 22,691 22,994 23,967 25,673 26,756 11,172 11,172 11,168 11,163 11,162 11,160 11,172 11,172 11,168 11,163 11,162 11,160 26,316 29,682 30,410 11,159 11,156 11,159 11,156 Oi.633 10,662 11,783 54 Unl54 3,913 11.895 1 1 , 1 5,681 5,844 5,604 3,842 5,421 4,009 4,007 5,946 6,154 7,194 8,735 10,134 3,939 3,954 2,610 3,628 1^/ (6) 320 the IMF adopted a technique for valuing the special drawing right (SDfl) based on a weighted-average of exchange salecced meJnber eouncrlea. The United rates for, the currencies of States SDR holdings and reserve position In the IMF are also valued on this basis beginning July 1974. Includes gold "sold to the United States by the International Honetary Fund with the right of repurchase, and gold deposited by the Interna* tiooal Monetary Fund to mitigate the itnpact on the U.S. gold stock' of foreign purchases for the purpose of making gold subscriptions' to the Fund under quota increases. For corresponding labilities see Table IFS-2. See Includes gold held by the Exchange Stabilization Fund (ESF). 'Account of the U.S. Treasury,' Table UST-3. SDRs the Special Account Includes allocations of in Drawing in the International Monetary Fund, plus or ipinus transcations in SDRs, Allocations of SDRs on January 1 of respective years are as follows: 1976, S867 million; 1971, $717 million; 1972, $710 million; 1979, 874 million (in SDR terms); 1980, 874 million (in SDR terras); and 1981, 857 million (in SDR terms). locludea holdings of Treasury and Federal Reserve System; beginning November 1976. the^a are valued at current market exchange rates or, Wbare approprlata, at auch otTier r.tea as may be agreed upon by the BeglQfllns Jaly 1974, posUion _^/ (5) (4) (3) current ies 1,410 1,564 1,665 1,671 1,822 2,852 2,867 3,110 3,448 The United States has the right to purchase foreign currencies equiv.laat ]^ its reserve position in the Fund automatically If needed. Uhjfr appropriate conditions the United States could purSee chase additional amounts related to the United States quota. Table IFS-5. currencies Includes $26 million increase in dollar value of foreign revalued to reflect market exchange rates as of December 31. 1971. See also footnotes J and 4, Table lFS-4. Total reserve assets Include increase of $1,016 million resulting from change in par value of the U.S. dollar in Hay 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 (hange 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. 6/ Treasury Bulletin 16 .INTERNATIONAL FINANCIAL STATISTICS Table IFS-2. - i Selected U.S. Liabilities to Foreigners (In millions of dollars) 77 April 1981 .INTERNATIONAL FINANCIAL STATISTICS. Table IFS-3. - U.S. Liabilities to Official Institutions (In millions of dollars) End of calendar yeo or month Total foreign countries Western Europe Latin of Foreign Countries, by Area 78 Treasury Bulletin INTERNATIONAL FINANCIAL STATISTICS Table IFS-4. - Nonmarketable U.S. Treasury Bonda and Notes Issued to Official Institutions and Other Residents of Foreign Countries (In millions of dollars or dollar equivalent) End of calenda year or month Grand total (1) 1971 1972 1973 1974 1975 1976 1977 9,809 4/ 15,872 15.669 5/ 16,339 19,976 20,468 20,443 1978 22,565 1979 22,656 1980 21,091 1980-Nsr. Apr. May. June July Aug. Sept, Oct., Nov., Dec. 1981-Jan.. Feb., Mar.. 23.221 22.821 22,621 22,391 22.391 22,091 21,691 21,691 21,691 21,091 21,091 20,931 20,731 7 79 April 1981 .INTERNATIONAL FINANCIAL STATISTICS. Table IFS-6. - U.S. Position in the International Monetary ( In millions of dollars) Transactions affecting IMF holdings of dollars during period Calendar year or month U.S. Net gold sales scnp- by IMF tion u Pay- ii (2) 1971 1972 Net borrowings by IMF 2/ Transactions in foreign currencies 3/ (4) IMF net income dol lars Purchases of 541 7 54 200 197i. M75 1976 1977 1978 2,110 233 312 4,021 100 1979 1980 1980-Mar. 20 Percent Repurchases of U.S. O) (5) -47 -33 -59 1.3 50 694 721 -1,265 -466 -2,214 Aug. Sept Oct. Nov, Dec. 6,115 6,810 7,531 6,265 5,800 3,587 3,963 -219 -572 -628 -1,073 -442 -2,078 -1,779 426 1,893 -631 -49Q -1,157 -2,110 2,783 2,110 9,551 9,364 -1,692 1,619 13,455 -101 102 '1,330 376 Apr. May. June July U.S. reserve position In IMF at end of period 4/ dollars 1,362 1973 IMF holding of dollars at end of period Transaction by other countries with IMF transactions ments Fund 9,496 "1,447 9,431 -99 -145 -151 -m -38 -122 9, 393 147 -31 -14 52 -111 565 4,360 9,240 9,206 9,095 13,455 54 64 1981-Jan. Feb.. 166r Mar. 112 9,271 13,368 13,140 12,816 (10) 93 78 (U) . 5 ; Treasury Bulletin 80 .INTERNATIONAL FINANCIAL STATISTICS. Table IFS-6. - Weighted Average of Exchange Rate Changes for the Dollar (Percent change relative to exchange rates as of end-May 1970) Trade-weighted average appreciation (+) or depreciation {-) of the U.S. dollar Vis-a-Vis End of calendar year or month Currencies of OECD countries 2/ 1970 1971 1972 1973 1974 1975 1976 1977 1978 y Currencies of 46 main trading countries i_l -2.0 -8.2 -9.4 -14.6 -16.0 -10.9 -10.3 -14.6 -21.5 , , , , , -1.0 -1.0 -4.1 1979 -18.4 i«.6 1980 1980-Mar... Ape. .. May... June. -15.0 +21.3 -10.7 -14.5 -17.4 -19.0 +14.6 +12.6 +31. +11.4 July.. Aug... Sept.. Oct... Nov... Dec... -17.0 -17.9 -18.0 -16.1 +13.7 +14.1 +15.1 +18.0 +21.1 +21.3 1981-Jan. P, Feb. p Mar. p +25.8 +28.9 This table presents calculations of weighted average percentage changes in the rates of exchange between the dollar and certain foreign currencies, 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 such weights do not provide a full measure of individual currencies' relative importance in U.S. international transactions because they take no account of factors other The calculations do not purport to represent a guide to than trade. 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 in the dollar (EQl) used to calculate a trade-weighte st of foreign currencies: E^ = KAS/fCi Where: * erage of changes Mi/IM) is the weighted average of percentage changes in the dollar cost of individual Ej,, foreign currencies AS/fcj is the percent change in the dollar cost of foreign currency i; and Mj^/Sm 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: (EQ2) E^ = Where: Hhtc^/% * Xi/i:X) E^ is the weighted average of percentage changes in the foreign currency cost of dollars; AfCi/S is the percent change in the foreign currency i cost of dollars and ; Xi/lX is U.S. ejcports 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: (E03) E = r(Ein * m/m+x)*{-l)] + TEx * x/m+xl 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. Australia, Austria, Belgium- Luxembourg, Canada, Demark, Finland, France Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal , Spain, Sweden, Switzerland, Turkey, United Kingdom. The currencies of 46 IMF member countries which account for approximately 907. of U.S. total trade. Preliminary. April 1981 81 .CAPITAL Backsround between the United Data relating to capital movements States and foreign countries have been collected since 1935 under Treasury regulations pursuant to Executive Orders Nos. 6560 of January 15, 193^-t and 10033 of February 8. 19^9, and Reports of 1976. the International Investment Survey Act are filed with Federil Reserve Banks by banks, bank holding companies, securities brokers and dea lers and non banking Statistics on the princienterprises in the United States. pal types of data and the prin^ipil cojntries are then consolidated and are published in the monthly Treasury Bulletin , . The reporting forms and instrructions ^/ used in the Treasury International Capital (TIC) Reporting Systemhave been revised a number of times tomeet changing condi tions and to Recent increase the usefulness of the published statistics. revisions to the reporting forms are part of a broad progran conducted 3ver the past several years to ensure the adequacy of the Treasury capi tal movejtents stat Lstics for ana lysis and policy formulation wi th respect to the international financial position of the United States and an movements of capital beRevised forms tween the United States and foreign countries. and instructions are dpveloped with the cooperation of other Reserve System and in CDnFederal Government agencies and the sultations with representatives of banks, securities firm? and n^nb^nking enterprises. Thamost recent revisions of the TIC B-series Forms, filed by banks and some brokers in the United States, became effective with reports as of April 30, 1978; new data series were Substantial introduced in the July 1978 Treasury ^Bulletin. revisions of the C-series Forms, filed by nonbanking enterprises, were effective with reports as of December 31, 1978; June 1979 the new data series are shDv.i beginning with the issue. Major revisions of the TIC Forms that affect the format and coverage of the current Capital Movements tables are noted undar "Description of Statistics" below. Basic Definitions The term "foreigner" as used in the Treasury reports institutions and individuals domiciled outside covers all the United States, includingUni ted States citizens domic i led abroad, and the foreign branches, subsidiaries and offices of the c antral United States banks and bjsiness concerns governments, central banks and other offi-rial institutions of foreign countries, wherever located; and international and regional organizations, wherever located. The term "foreigner" also includes persons in the United States to the extent that they are known by reporting institutions to be acting on behalf of foreigners. ; dita are reported opposite ths foreign In general, is country or geographical area in which the foreigner domiciled, as shown on the records of reporting institutions. For a nu-nber of reasons, the geographical breakdown of the the ultimate reported data may not in all cases reflect ownership of the assets. Reporting institutions are not expected to go beyond the addresses showi an their records, and so may not be aware of the country of domicile of the ultimate baneficiary. 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 liability of the foreign bank receiving the deposi t may be to foreign official institutions or residents of another country. , Data pertaining to branches or agencies foreign of official institutions are reported opposite the cojntry to which the official institution be longs. Data pertaining to international and regional organisations are reported opposite international or regional classification the appropriate except for the Bank for International Settlements and the European Fund, which ^re included in the classification "Other Europe. Geographical Classification A number of changes in geographical classification were introduced for most Capital Movements tables in the July 1978 Several countries formerly Included in "Eastern issue. MOVEMENTS. Europe" and in "Other Latin American Republics" are shown separately in the country list as wellasa new category in the International and Regional grouping for "Midrlle Eastern Regional" in view of the proliferation of regional financial organizations, primarily in the Arab States. The remaining countries in the categories "Other Eastern Europe" and "Other Western Europe" were combined into a single "Other Europe" category; and the heading, "Lat in America" was retitled "Latin Amarica and Caribbean." To the extent possible, the statistics for earlier dates have baen adjusted in accordance with thf revised country stub. Reporting Coverage Reports are required from banks, bank holding companies securities brokers and dea lers and nonbanking enterprises in the United States, including the branches agencies, subsidiaries, and other affiliates in the United States of foreign firms. Institutions that have reportable liabilitities, claims, or securities transactions below specif led exemption levels are exempt from reporting. , , Banks file reports monthly covering their dollar liabilities to, and dollar claims on, foreigners in a number of countries. Twice a year as of June 30 and December 31, they also report the same liabi 1 i ties and c laims i terns wi th respect to foreigners in countries not shown separately on the monthly reports. Beginning with reports duo as of June 30, 1973, banks also report quarterly their liabilities and claims vi 5.>a- vis foreigners that are denominated in foreign currencies. The specified exemption level applicable to the monthly reports is $2 million and is based on the average for the report dates during a six-month period, including the current report date. There are no separate exemption levels for the quarterly and semiannual renor'"';. Banks, securities brokers and dealers and in some instances nonbanking enterprises report monthly their transactions in securities with foreigners; the applicable exemption level is $500,000 on the grand total of purchases and on the grand total of sales during the month covered by the report. , Quarterly reports are filed by exporters, importers, industrial and commercial concerns, financial institutions other than banks and brokers, and other nonbanking enterprises if their liabilities or claims, on the six-month average basis, are $2 million or more. Beginning December 31, 1978, these firms also report for each month-end theirU.S. dollardenominated deposi t and certificate of deposi t claims on banks abroad of 510 million or more. Description of Statistics Section I presents data in four tables on liabilities to Beginning foreigners reported by banks in the United States. April 1978, amounts due to banks' own foreign offices are shown separately; the previous distinction between short-terra and long-term liabilities has been eliminated; there is a separation of the liabilities of the reporting banks themselves from their custody liabilities to foreigners; and foreign Also, currency liabilities are only reported quarterly. beginning April 1978, the data on liabilities are more complete by extending to securi ties brokers and dealers the requirement to report certain of their own liabilities and all of their custody liabi lities to foreigners. Table CM-I-1, showing total liabilities by type of foreign holder, combines liabilities previously shown separately as either short-term or long-term. Table CM- 1- 2 Parts A and B, on foreigners holdings of liabilities by type, shows total Table CM-I-3 bank reported liabilities payable in dollars. presents total liabilities by country for recent periods and previously separately; whereterm data shown includes the longcovering total liabilities by type and country as CM-I-4, includes several data items not for the most recent month, The liabilities reported separately prior to April 1978. data on supplementary countries previously presented in Table CM-I-5 now appear in Table CM-III-1. (SeeSection III below.) , ' . , . Treasury Bulletin 82 .CAPITAL MOVEMENTS, Section II presents the claims on foreigners reported bybanks in the United States. Beginning with data reported as of the end of April 1978, banks' claims held for their own acacount are reported separately from claims held for their domestic customers. The former are available in a monthly series whereas the latter data are collected on a quarterly basis only. Alsoj there is no longer a breakdown available on the long-term and short-term components of banks' claims. Maturity data are collected quarterly on a time remaining to maturity basis as opposed to the historic original maturity classification. Foreign currency claims are also collected only on a quarterly basis. Table CM-II-1 presents total claims by type as reported on the old B-series Forms and has been revised to include the long- term claims components formerly published separately. Table CM-II-2, showing total claims by type, is based on the revised banking reports. Table CM-II-3, which represents total claims by country, merges the previously reported shortterm and long-term claims data from old CM-II-2 and CM-II-5. New Tables CM-II-4 through CM-II-7 are based on the revised reports and replace the previous tables which showed shortterm and long-term claims separately. Another important change in the claims reporting, beginning with- new quarterly data as of June 30, 1978, is the adoption of abroadened concept of "foreign public borrower," which replaces the previous category of "foreign official insti tut ion" to produce more meaningful information on lending to the public sector of foreign countries. The term "foreign public borrower" encompasses central governments and departments of central governments of foreign countries and of their possessions: foreign central banks, stabilization funds, and exchange authorities; corporations and other agencies of central governments, inc luding development banks, development institutions and" other agencies which are majority-owned by the central government or its departments; State, provincial and local governments of foreign countries and their departments and agencies; and any international or regional organization or subordinate or affiliated agency thereof, created by treaty ev convention between sovereign states Section III includes two supplemen tary tables on U.S. banks' liabilities to, and claims on foreigners Table CM-III-1 summarizes dollar liabilities to, and banks' own dollar claims on, countries and areas no t regularly reported separately. Beginning with reports due as of June 30. 1978, these data are collected semiannuall y. Previously, the semiannual reports were addressed to li abilities items only and were reported as of April and Dec ember; however, they are now collected as of the end of June and December. Table CM-III-2 presents data on U.S. banks' loans and credits to nonbank foreigners, based on the TIC re ports and on the monthly Federal Reserve 2502 reports s ubmitted for foreign there is separation of the financial liabilities and claims of reporting enterprises from their commercial liabilities and c laims and items are collected on a time remaining basis instead of the prior original maturity basis. In addition, the number of reporters increased somewhat as a result of a broad canvass of prospective reporters undertaken in late 1978. ; Section IV, Table CM-IV-1 combines liabilities In previously shown as either short-term or long-terra in old Table CM-IV-1; Table CM-IV-2 combines these shortterm and long-term liabilities by country and replaces precovering vious Tables CM-IV-2 and CM-IV-'^. Table CM-IV-3, total liabilities by type and country for the most recent quarter-end, includes several items not reported separately prior to December 1978. The tables in Section V have been extensively revised reflect the changes in data collection format outlined above and the elimination of a monthly form that covered nonbanking enterprises' liquid claims on foreigners. SpeTable CM-V-1 combines short-term and long-term cifically, claims; Table CM-V-2 shows total claims by country and replaces former Tables CM-V-2 and CM-V-7. Current Table CMV-3 shows total claims by type and country and includes items that were not reported separately prior to end-year 1978. Tables CM-V-^, CM-V-5 and CM-V-6 no longer appear. to Section VI contains data on transactions in all types of long-term domestic and foreign securities by foreigners as 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 the "international Financial Statistics" section, Table Il-b-A). The data cover new issues of securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers. The data include some transactions which are classified as direct investments in the balance of payments accounts. The data exclude securissued abroad by foreign subsidiaries of U.S. corities porations, some of which are treated in the balance of payments as issues of U.S. corporations. . branches of U.S. banks. Sections IV and V, respectively,' show the liabilities to? and c laims on. unaf f il iated foreigners by exporters importers industrial and commercial concerns financial insti tut ions other than banks and brokers, and other nonbanking enterprises in the United States. The data exclude intercompany the accounts of nonbanking enterprises in the United States with their own branches and subsidiaries abroad or wi th their foreign parent companies. (Such transactions are reported by business enterprises to the Department of Commerce on its direct investment forms.) The data also exclude c laims held through banks in the United States. Beginning with data published in June 1979 (reported as of December 31, 1978), , , 1^/ The geographical breakdown of the data on securities transactions shows the country of domicile of the foreign buyers and sellers of the securities; in the case of outstanding 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 transac tions represent transactions by foreigners wi th Uni ted 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 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 are the intercompany capital transactions of business enterprises in the United States with their own branches and subsidiaries abroad or with their foreign parent companies, and capital transactions of the United States Government. Consolidated data on all types of intematiohal capital transactions are published by the Department of Commerce in its regular report^ on the United States balance of payments. Copies of the reporting forms and instructions may be obtained from the Office of International Financial Reports, Office of the Assistant Secretary for International Affairs, Department of the Treasury, Washington, D.C. 20220, or from Federal Reserve Banks, April 1981 83 CAPITAL Section I - Liabilities to Table CM-I-1. MOVEMENTS Foreigners Reported by Banks - Total by Type of Liabilities in the United States Holder (In millions of dollars) Foreign countries End of calendar year Total liabilities official institutions Payable in dollars International and regional Payable in dollars Payable in foreign currencies Payable in foreign currencies Payable in dolla (6) I . (_ 346 1,968 1,968 23,117 468 2,716 2,716 127 127 38,959 38 360 38,320 38,221 639 639 3,973 3,992 3,973 3,992 552 5,704 5,696 53,196 53,203 53,069 53.076 96,128 96,056 y 19,283 23,587 44,105 70,535 1974 19,629 127 39,922 44,233 61,689 1973. 2,217 2,213 171 40,093 1972. 2,217 4' 2,213 4/ 14,010 14,703 5/ 158 165 39,82 3 39,162 5/ \_ 14,267 14,956 5/ 39,665 38,988 5/ 56,306 56,331 ; , 248 1975. 96,147 50,461 50,461 39,982 39,430 1976, 111,A30 54,956 54,956 50,764 49,987 717 5,710 5,705 1977 127,065 65,822 65,822 57,985 57,0-1 914 3.256 3,245 1978 \b9,U97 90,962 90,706 75,914 73.565 2,349 2,621 2,607 1979 189,360 78,142 78,142 108,856 106,994 1,862 2,362 2,356 1980 209,045 86,624 86.624 116,329 3,714 2,378 2,344 Apr. Hay. June. 188,627 183,582 186,675 189,615 70,086 68,526 71,297 74,819 70,086 68,526 71,297 74,819 116,753 112,563 112,147 111,265 114,409 110,219 109,803 108,504 2,344 2,344 ^, 2,344 8, 2,671 1,788 2,493 3,231 3,531 1,774 2,479 3,217 3,509 July. Aug.. Sept. Oct.. Nov., Dec.» 190,988 204,095 194,354 198,496 207,552 209,045 77,193 79,260 80,279 79,207 84,706 86,624 77,193 79,260 80,279 79,207 84,706 86,624 110,870 121,992 111,487 116,518 120,332 120,043 108,199 119,321 108,855 113,886 117,700 116,329 2,671 2,671 2,632 2,632 2,632 3,714 2,925 2,843 2,588 2,771 2,514 2,378 2,903 2,821 2,551 2,734 2,477 2,344 205,842 205,082 83,513 81,573 83.513 81,573 120,333 121,471 116,619 117,757 3,714 8 3,714 8 1,995 2,037 1,961 2,003 1980- Mar.. -Jan. Feb. 1 2^/ dnks and other foreigne- 1/ 120,043 _ 8/ 8, 8, Payable foreign rrencies 1 84 Treasury iry Bulletin -CAPITAL MOVEMENTS. Section 1 - Liabilities Table CM-I-2. to - Foreigners Reported by Banks in Total Liabilities by Type, Payable Part A - the in United States Dollars Foreign Countries utlier End of calendar year or month foreigner Tolal forelg; r.s. countries abilies 21 Demand Time 2/ (2) 5}, 6^6 l^s. Treas. bills i certificates foreign offices bills certificates f-. (8) 2,504 2,039 5/ 32.311 32,311 3,230 53.706 1,620 1,32 7 5/ 59,205 59,204 1,591 1,591 2,880 2,880 31,453 31,453 3.998 3. 998 3,321 4,658 4,658 650 320 2/ 2,36 7 7,2 32 5/ 1,660 1.660 405 405 9,510 9,510 1.955 1,955 .6'i? 3'?e 1,666 327 2,] i6 569 568 1 2,116 l-l'J 2,359 1^74 i/. 91.389 (91,297 2,951 2,951 f 4,257 4.167 34,6 56 34.6 56 U,205 11.302 8,248 8,21! 1,910 232 232 1,911 19,546 19,355 2,729 2,739 3,796 3,744 277 277 1975 89,891 2,644 34,19') 10,195 7, S14 1,871 335 19.588 3,248 4,823 32 5 1976 104,943 3,394 2,321 37,725 11,516 9.104 2,297 119 25.652 4,015 6,524 198 1977 122,893 3.528 1,797 47,920 12,677 10,933 2,040 141 29.222 1978 lfi4.270 300 1979 1080 liabilities 2/ .. 1980-Har Apr Hay 202,953 1S4,4<*5 173.745 181,100 183.413 Jul; \%'>,Vi2 Aug Sep Oct Nov 198,5^2 189,134 1981-Jan Feb 200,132 1')9,3'.0 546 3,390 2,550 67.415 17.350 11,257 1,443 7.119 37,376 4. "'04 5,041 47.666 22,710 13,274 1,680 9,141 63.839 5,08- 771 3.612 56,?4 3 14.168 1,703 11,231 68,670 5,35b .',b7ti 3,928 4,734 4,464 5,009 2,397 2,392 2,591 2.670 42.797 40,527 42,731 45,907 20,yfa4 13.365 12,681 13.003 14,92b 1,558 1,498 1,423 1,479 10,701 11,455 11.727 11,307 6'*.8'>5 20.873 21,490 21,2J3 5,219 4,663 4,380 5,836 3.823 8,645 8,576 4,218 3. 898 4,348 3,40b 47,982 49,811 22,283 22,546 2 3,093 22,019 22,425 22,997 12,882 13,427 12,995 13,841 13.714 14, 1^8 1.626 1,514 1,412 1,724 1,786 1,703 12.28'J 62,757 73,067 64,319 67,405 4,732 5,014 8,570 3,006 3,477 4 , 99 8,H3b 19.779 12,889 1,857 J, 1,553 3.771 Dec "", 3.'*69 4'>,361 J0,39;; 3,623 3.612 55.104 56.243 56,5i:2 56. 82^' Includes Bank for International Settlements and European Fund. Time deposits exclude negotiable time certificates of deposit, which are included in "Other liabilities." Data not available separately prior to April, 1<'78. 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. 1 , « "M 7b 5 594 557 577 529 623 11,601 10,892 i:.525 11,328 11,231 11,15- 65,563 65.018 61.174 8.353 8.755 8. 539 817 847 508 5Hh 4,338 4,096 3,904 4,153 5,093 8 , '»48 502 I'll 68.670 5,356 9,272 9,676 513 474 4,302 4,458 4,357 4,331 4,764 4,408 69,876 5,179 10,407 432 4,175 451 4,6 34 70,40] 68.nni =.. 6, 58H 1 . 6 -i 693 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 ant) foreign branches which were previously reported as deposits are included In "Other liabilities"; 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. Preliminary. 85 April 1981 .CAPITAL MOVEMENTS. Section I Liabilities -* Table CM-I-2. Part B - - to Foreigners Reported by Banks Total Liabilities by Type, Payable in in the United State Dollars— Continued Nonmonetary International and Regional Organizations (In millions of dollars) End of Other calendar year UnblUtie or month l-tTl 1/ 1972 1973 :i,97 3 1974 2/ 1,992 139 139 1975 5.696 148 1976 5,705 205 4't7 3,226 3,245 2,701 2,509 2,855 1977 3,Z<.5 700 2,169 197B 2,607 201 1,992 197' 2,356 102 1,84« IWt) 2.265 1980-"*' Apr, 1,774 . . June. . May July.. Aug.. Sept. .. Oct... Nov... Dec... 1981-Jan. p Feb. p Note: y " 2, (.79 3,217 3,509 2,903 2,821 2,551 2.734 2,477 2,344 IbO 241 144 254 1,859 157 451 1,372 1,694 1.46b 2,213 b04 1,991 1,905 1,994 1,943 l,8bl 92 100 95 in 187 S5 14(> 1.961 71 2,003 Principally the International Bank Eot Reconstruction and Development and the Inter-American Development Bank; excludes Bank for International Settlements and European Fund. Time deposits exclude negotiable time certificates of deposit, which are included In "Other liabilities." J_/ p 31b 581 337 54 2 1,859 1,590 1,373 Data on the two lines shown for this date differ because of changes Figures on the first line are comparable in In reporting coverage. coverage to those shown for tlie preceding dale; figures on the second line are comparable to those shown for the following date. Preliminary. . .,. .. . . , 86 Treasury Bulletin -CAPITAL MOVEMENTSSection I - Liabilities to Foreigners Reported by Banks in the United States Table CM-I-3. Au s t r i a Belgium-Luxemboi Bulgaria Czechoslovakia Denmark Finland Gennan Democr. Germany Greece Hungary 42 17,696 626 103 ',77S 2,416 Italy Netherlands. Norway Poland Portugal Romania Sp^in 1,2''3 107 t32 3,126 1H,6S2 Swi tzer land. Turkey United Kingdoi U.S.S.R Yugoslavia. Other Europe. . nj Caribbean Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles.... Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean 1,141 6.086 3.479 30S 2,570 163 216 231 3,825 Total Latin Amer Caribbean China: Mainland. Taiwan... Hong Kong. India Indonesia. Israel Japan Korea Lebanon 68 503 1,260 794 449 688 31.<J55 B03 166 176 264 Malaysia Paki Stan Philippines Singapore Syria Thailand Oil-exportinf Other Asia. . . 645 370 22 427 7,537 419 < . Total Asia Egypt Ghana Liberia Morocco South Africa. Zaire Oil-exporting Other Africa. Total Africa. Other countrii All other. Total other Total foreign countries ... International and regional International European regional Latin American regional.. Asian regional African regional Middle Eastern regional.. : Total internatii and regional. Grand total. al 1,4S5 38 822 - Total Liabilities by Country 87 April 1981 -CAPITAL MOVEMENTSSection I - Liabilities to Table CM-I-4. - Total Foreigners Reported by Banks in the United States Liabilities by Type and Country, as of February 28, 1981 Preliminary .. . .,. , ' . 88 Treasury Bulletin MOVEMENTS. .CAPITAI Section II - Claims on Foreigners Reported by Banks Table CMn-l. - in the United States Total Claims by Type (OLD SERIES) (In millions of dollars) Payable in dollars End of calendar year or month Collections Official Other foreigners institutions (1) (3) (.2) 1968 1969 i/. 12,278 11,813 6, .323 'l2,82e (4) (6) 3,169 3,169 1,954 2,015 3,169 3,202 1,956 3,170 2,928 2^ 2,395 2/ 4,122 4,113 2,475 2,475 5,749 16,837 16,939 15,973 16,022 7,848 7,314 798 f:20,425 20,739 19,539 19,853 10,213 10,259 996 1,007 3,405 3,400 5,811 5,852 1973. 1974. 1975. 1976. 26,719 46,235 59,767 81,135 25,985 44,958 58,307 79,302 13,106 17,777 21,516 28,308 1,444 1,709 1,989 2,885 5,129 8,263 9,202 13,406 1977., 92,562 90,205 30,631 2,961 l'"-»fey.. J\me. 80,476 82,033 78,510 80,065 27,065 26,590 2,^3 July. Aug.. Sept. Dec.., 81,874 81,085 83,8L2 86,507 87,357 92,562 80,039 78,970 81,869 84,300 85,270 90,205 27,921 27,284 28,997 28,969 28,183 30,631 1978-Jan. Feb. . Mar.., Apr. . 94,246 93,357 98,832 98,197 91,874 91,040 96,449 95,876 29,306 29,346 32,498 32,335 . . Hot.. 1/ ± banl^s and Other claims (8) 2,155 2,152 13,242. Oct. Nov. customers^*?) 2,854 6,087 6,084 1972 1/ account of reporting banks and domestic 1,733 12,295 12,397 1971 1/ 2/. far 3,614 12,930 764 764 out- standing Deposits of reporting Accep1> ances made for account of foreigners 1,934 13,877 1970 Payable in foreign currencies domestic customers with foreigners (9) (10) Other (11) (12) 1,084 1,096 534 534 352 352 4,243 4,254 1,407 2/ 1,979 2/ 864 917 549 543 369 3,269 3,276 3,204 3,226 2,853 3,092 441 441 445 445 6,532 7,805 10,324 12,018 4,307 5,637 5,467 5,756 4,160 11,237 11,147 12,358 4,413 10,307 20,178 32,878 734 1,276 1,458 1,833 428 669 656 1,103 306 607 802 730 15,367 12,302 6,176 14,212 39,187 2,355 941 1,415 11,401 6,317 6,417 13,087 2,662 13,002 12,532 13 32,041 33,848 1,966 1,968 2,536 2,759 2,792 2,896 2,889 2,961 13,829 12,967 14,310 13,961 13,665 15,367 11,556 11,558 13,478 13,610 13,698 13,768 13,462 14,212 32,288 31,877 33,149 35,557 37,580 39,187 1,835 2,114 1,944 2,207 2,086 2,355 794 1,006 818 900 12,302 6,352 6,200 6,025 6,005 6,045 6,176 941 i.as 3,037 3,079 3,003 3,311 13,922 14,115 16,949 16,596 12,346 12,151 12,546 12.428 6,342 6,446 6,765 6,910 13,592 13,689 13,892 13,783 42,634 41,559 43,293 42,847 2,371 2,317 2,383 2,321 940 895 94s 1,034 1,432 1,422 1,435 1,288 806 U,396 n,894 12,112 U,629 283 >n<i J Total clal». Include claim, previously claaalfled a. either short-tern or long-term" on the Treasury reports filed by banks A monthly „turlty breakdown wa, discontinued ^th nev report^ fl ed aa of April 30, 1978. and the historical aerie, has bee' (See introductory text to Capital Mol^ent, fei"o„ for Section f*"d°ll'°*'r' discua.lon of changes In reporting form, and coverage.) - 834 8a 315 1,101 1,133 1,0a 1,109 1,126 1,307 1,246 coverage to those shown for the preceding date: figures on the aecond line are comparable to those shown for the following date Data 00 the second line differ from those on the first line because those claims of U.S. banks on their foreign branches and thoae claim, 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 claims"; aai a number of reporting banks are Included In the series {or the first time. Data on the tiro line, shown for thia date differ because of changes la reporting coverage, figures on the first line are comparable In Table CM^I-2. 181 181 3,985 Total Claims by Type (NEW SERIES) (In millions of dollars) Payable in dollars End of calendar year or quarter-end month Total claims Banks own claims «) .liL 1978-June. Sept. Payable In foreign currencies Claims of banks' domestic customers Sii Total (5) Banks own claims Claims of banks domestic customer. -l&L. Dec 103,116 108,448 130.847 99,687 105,048 126.819 90,561 95.973 115.571 9,126 9,075 11,248 3,428 3,400 4,029 2,619 2,954 3.671 809 446 358 1979-Mar.. Juoe. Sept. Dec. 124,727 132,503 150,274 157.132 121,562 129,330 146,65? 154,134 108,357 115,291 127,334 134,036 13,205 14,039 3,165 3,172 3,622 2,998 2,690 2,598 3,013 2,419 475 574 609 579 1980-Har.. June. Sept. 157.781 178,455 490.732 153,951 174,702 187,026 198,768 131,349 149,522 161.537 3,831 3,753 3,706 2,772 2,955 1,059 3, lit 3.IM 4,206 Dec. Note: 2()J.93» See Introductory text to Capital Movements Section for discussion of changes In reporting forms and coverage for new quarterly data filed as of June 30, 1978. l''2,»*2 lo.llfl 20,098 22,602 25,180 25,489 26,106 798 595 962 89 April 1981 -CAPITAL Section II - MOVEMENTS- Claims on Foreigners Reported by Banks in the United States Table CM-II-3. - Total Claims by Country 90 Treasury Bulletin -CAPITAL MOVEMENTSSection Table CM-II-t. II - Claims on Foreigners Reported by Banks in the United States Total Claims on Foreigners by Type and Country Reported by Banks in the (Position at end of period in millions of dollacs) US. as of December 31, 1980 91 April 1981 .CAPITAL MOVEMENTS. Section II - Claims on Foreigners Reported by Banks Table CM-II-5. - Banks' Own (In millions of dollars) in the Claims, by Type United States 92 Treasury Bulletin -CAPITAL MOVEMENTSSaetion TabU ClI-II-6. - Banks' Country II - Claims on Foreigners Reported by Banks in the United States by Type and Country, Payable in Dollars, as of February 28, 1981 Preliminary Own Claims 93 April 1981 .CAPITAL MOVEMENTS, Section II - United States Claims on Foreigners Reported by Banks in the Type by Table CM-II-7. - Domestic Customers' Claims ^Positio n <" miJUnng n1 dollars). Payable In dollars End of calendar year or quartetend month Total claims of banks' domestic customers Deposits 1978-Jyne. Sept. Dec iq79-Mar.. June. Sept. Dec. . 1980-Mar.. June Sept. Dec. . (6) (3) (1) 619 9,9>6 9,521 11,605 9,126 9,075 11,248 n,680 19,928 20,677 13,205 16,039 19,318 20,098 683 975 955 23,661 25,978 26.086 >',06H 22,602 25,180 25,689 26.106 1,208 910 1,081 886 16, 613 Negotiable and readily transferable Instruments 500 680 719 6 Treasury Bulletin 94 -CAPITAL MOVEMENTS. Section III - Supplementary Liabilities and Claims Data Reported by Banks in the United States Table CM-III-1. - Dollar Liabilities to, and Dollar Claims on, Foreigners in Countries and Areas Not Regularly Reported Separately (Position at end of period in millions of dollars) Total banks' own claims Total liabilities June 1978 Other Europe Cyprus Iceland Ire land 26 111 Monaco Other Latin America and Caribbean Barbados Belize Bolivia Costa Rica Dominican Republic El Salvador , French West Indies and French Guiana Guyana Haiti Honduras Nicaragua Paraguay Suriname Other Asia Afghanistan Bangladesh Brunei Burma Jordan Kampuchea (formerly Cambodia) Macao ..,., Nepal Sri Lanka Vietnam Yemen (Aden) Yemen (Sana) Other Africa Ango la Burundi. , Cameroon Ethiopia, Including Eritrea.. Gu Inea Ivory Coast Kenya Madagascar Mauritania Mauritius Mozambique Niger Rwanda Sudan Tanzania Tunisia Uganda Zamb ia All Other New Hebrides New Zea land Papua New Guinea U.S. Trust Territory of the Pacific Islands Dec. 1978 June l-??-? Dec. 1979 June 19S0Dec. 105 33 165 210 23fer 18(1 153 Sr 193 203 2'.3 37ir 9r 5 169 195 287 239 I88r I89r 355r 301 265 16 41 73 12 21 67 168r 159r 68 16r 403r 141r 165r 148r 170r 87r 23 2 19r 23 56r 2 23r 32 22r 25r 27 185 37r 212 166 1980p June 1978 Dec. 197. June 1979 Dec. 1979 June 1980 Dec. 1980p April 1981 95 .CAPITAL MOVEMENTS. Section III - Supplementary Liabilities and Claims Data Reported by Banks in the United States Table CM-III-2 - Dollar Claims on Nonbank Foreigners (Position at end of period in millions of dollars) Dollar claims of U.S. offices End of calenda year or month Total dollar claims on nonbank foreigners U.S. agencies & branches of foreign banks Dollar claims of U.S. -based banks' major foreign branches l^/ (4) 1978- Apr.. Hay. June. . July. Aug.. Sept. Oct.. Nov... Dec . . l^Ti-Jan... Feb. Mar... Apr... May... June. . July.. Sept. Oct.. 90,101 93,700 96,035 16,044 16,413 17,001 8,830 96,937 98,779 99,278 98.978 100,754 102,883 17,063 17,424 17,498 18.451 19,313 20,399j 9,488 10,200 11,095 11,177 12,167 13,080r 70,386 71,155 70,685 69,350 69,274 69,404 101.934 102,711 103,71Or 103,825r 105,745 19,572r 19,786 19.511r 19,316r 19,982 20,484 13,477r 13,939 14,984 15,218 15,32C 16,060 68,885 68,986 69,215 69,291 68,838 69,201 107,368 110,250 111,578 112,988 113,143 116,807 21,787 22,438 22,258 23,114 22,954 23,824 16,735 17,870 19,595 20,160 20,115 21,651 68,846 69,942 69,725 69,714 70,074 71,332 23,0e3r 23,293r 23,601 23,497 23,598r 25,070 21,851 21,806 22,228r 22,774 23,265 24,347 70,792 71,620 70,976 70,929 72,558 74,775 131,848r 134,185 136,578 24,580r 25,739 26,806 26,811 29,063 28,634 2 5,480r 26,111 26,824 27,660 26,865 28,769 135,349 28,555 28,421 104,l/.0 1980-Jan.. Feb.. Mar.. 115,726r 116,719r Apr. May.. June. 117,200 119,421r 124,192 U6,805r July 125,172r 128,232r Aug, . Sept. Oc t . pO,737r . Nov.. Dec . . . 1981-Jan. p. U p r Federal Reserve Board data Preliminary, Revised 8,312 8,279 65,745 69,008 70,204 75,U2r 76,382t 77,107r 77,377 78,257 79.175 78,373 96 Treasury Bulletin CAPITAL MOVEMENTS Section IV - Liabilitiee to Foreigners Keported by Nonbanking' Basiness Enterprises in the United States Table CM-IV-1. - Total Liabilities by Type 97 April 1981 -CAPITAL MOVEMENTSSection IV - Liabilities to Foreigners in the Reported by Nonbanking Business Enterprises Table CM-rV-2. - United States Total Liabilities by Country end of pe Europe ; Austria Belgium- Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republic Germany Greece Hungary Italy Netherlands Norway Poland Portugal Roman la Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe 27 2'><* n.a. 17 12 52 14 635 691 813 264 l,055r 1.083r 39 2 30 n.a. 5bl 328 173 516 83 to 201 355 475 636 22 25 170 137 550 159 50i. 143 740r 24b 263 1,028 37 236 101 54 Ir 34 111 226 101 2 480r S56c 201 104 695r 219 139 675 7 109 1,'J56 2,363 3,445 107 111 57 111 63 138 90 18 Total Europe. Canada. Latin America and Caribbean : Argentina Bahamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles 2/ •Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean 103 87 112 444 464 460 420 50 114 131 211 200 220 221 535 250 714 115 176 697 18 23 109 176 736 50 115 135 503 102 514 n.a. 106 479 43 ' 1.8 17 164 50 373 207 381 405 165 17 366 100 231 Total Latin America and Caribbean Asia: China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Tha i land Oil-exporting countries Other Asia 300 104 48 187r 141 1.217 999 lS5r 119 1,211 278r 114 1,315 103 323r 171 1,091 120 29 302 119 ,108 140 17 3 119 101 15 124 104 12 100 223 no 177 142 133 in 221 223 170 132 1.050 y/. n.a. 1,117 102 Total Asia. Africa Egypt Ghana Liberia Morocco South Africa Zaire Oil-exporting countr Other Africa : 3 n.a. 10 166 100 50 5 320 311 52 53 633 384 113 129 Total Africa. Other countries: Australia All other 121 170 57 75 Total other countries. Total foreign countries. International and regional International European regional Latin American regional... regional. Asi. African regional Middle Eastern regional. i Total international and regional Grand total. J_/ 10,3'^5 11,085 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. (See introductory text to Capital Movements section for explanation of changes in reporting.) 2/ 1/ 4/ * r 18,406 ia,441r 17.349r 16.934r 15,688r Through December 31, 1975, Surtname 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. Not available. n.a. p Preliminary, Less than $500,000. Revised. 98 Treasury Bulletin -CAPITAL MOVEMENTSSection IV - Liabilities to Foreigners Table CM-IV-3. - Reported by Nonbanking Business Enterprises Total Liabilities by Type and Country as (JL. in the September 30, 1980 United States Preliminary 99 April 1981 .CAPITAL MOVEMENTS, Section V - Claims on Foreigners Reported by Nonbanking Business Enterprises Table CM-V-1. - Total Claims by Type CIn millions of dol Ur in the United States . . Treasury Bulletin 100 -CAPITAL MOVEMENTSSection V - Claimt on Foreigners Reported by Nonbanking Business Enterprises in the United States Tabte CM-V-1 - Total dlaimi by Country tPosltlon at end of period In millions of dollars) Calendar year Country Europe : Austria 35 2 50 n.a. n.a. Belglum-Luxeffibourg Bulgaria Czechoslovakia Denmark Finland Prance German Democratic Republic, Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania Spain Switzerland. Turkey United Kingdoi n.a. 392 48 n.a. 421 384 48 n.a. 497 n.a. 450 60 n.a. 415 322 30 587 n.a. 524 58 121 992 415 248 53 107 90 n.8. 433 50 52 n.a. 402 139 167 301 29 298 2,232 2,703 161 176 36 122 269 46 3,105 67 104 26 Total Europe. 908 103 882 103 843r 102 992r 120r 729 95 9 n.a. 454 104 44 Yugoslavia. . Other Europe. 53 709 58 87 348 552 312 735 598 351 386 398 176 297 413 432r 186 98 25 370r 186 343 38 35 36 4,850 ,339 150 499 370 293 69 526 316 605 335 74 21 87 85 22 22 390 169 306 128 199 310 5,969r 32 150 96 64 74 90 22 75 19 414 438 386 265 525 35 36 5,714t 160 241 373 5,763 160 74 68 69 68 10,597r 6,627 Canada Latin America and Caribbean : Argentina Bahamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles 2/... Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Car ibbeao 151 674 n.a. 581 10 n.a. n.a. n.a. 577 33 207 67 n.a. 22 634 1,511 n.a. 814 n.a. 282 92 10 124 ,060 119 637 613 248 109 n.a. 197 121 9 9 70 n.a. n.a. n.a. 527 36 186 82 114 3,069 295 780 1,298 108 2,696 208 775 1,125 196 118 72 172 3,305r 185 701 1,851 180 140 10 82 53 117 807r 25 461 191 170 10 84 211 3,469r 2 259 30 3,026r 2,810 146 825 2.299 170 161 158 817 2,402 192 155 10 10 93 98 169 784 2,603 201 140 10 103 57 86 858r 621 85 35 54 594 81 41 10 10 51 227 73 23 183 2,706t 227 810 2,017 71 l,004r 55 58 585 92 617 96 55 58 12 483r 491r 1,099 13 533 512 436 Total Latin America and Caribbean Asia : China: Hainland Taiwan Hong Rong India Indonesia. Israel Japan Korea Lebanon Halaysia Pakistan Phi 1 ippines Singapore Syria 214 113 47 164 175 1,221 459 Q.a. n.a. n.a. 174 98 60 268 213 989 346 n.a. n.a. Q.a. 175 180 103 43 431 257 1,134 369 21 43 20 265 136 128 211 318 l,281r 290 144 83 201 307 1,305 404 392 22 35 20 35 202 146r 69 214 351 1,350 357 20 52 27 232 265 163r 88 270 344 1,317 320 24 50 29 302 337 1,436 352 23 46 26 170 91 n.a. n.a. Tlialland 205 120r 83 237 227 142 85 347 151 85 372 349 1,383 309 1,334 315 20 38 29 186 138 176 101 311 37 27 Oil-exporting countrlesj/ Other -Asia 735 Total Asia. Africa . 'gypt Ghaiu Liberia Morocco South Af r lea Zaire Oil-exporting countries Other Africa 3 5 ^ 95 92 130r 160 190 II 21 16 16 17 113 100 25 117 147 105 109 20 164 19 151 216 21 16 146 198 146 159r Total Africa. Other countries : Australia All other 180 209r 182 154 232r 228r 628 146 55 153 63 Total other countries. Total foreign countries.... Interriatlooal and regiooal : International European regional Latin American regional.. Aaian regional African regional Middle Eastern regional.. Total international and regional Grand total. Data in twn columns shown for this date differ because of changes in repotting coverage. Figures in the first colunm 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. (See introductory text to Capital Movements Section for explanation of changes in reporting.) 2/ y 4/ * r Through December 31, 1975, Suriname included with Netherlands Antilles. Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Bttirates (Truclal States). Includes Algeria, Gabon, Libya, and Nigeria. Not available, Preliminary. n.a. Less than $500,000. p Revised. 158 18 165 320 April 1981 101 -CAPITAL MOVEMENTSSection V - Claims on Foreigners Reported by Nonbanking Business Enterprises Table CM-V-3. - Total Claims by Type and Country as of September 30, in the United States 1980 Preliminary Treasury Bulletin 102 .CAPITAL MOVEMENTS- - Tranaaetient is L«B«-T«Tm Seearitiea by Foreignere Reported by Banks and Brokera in the United States Foreign Parchases and Sales of Long-Term Domestic Securities by Type Section VI Table CM-VI-1. - /In m<11'J'."5 of dollars; negative figures indicate net sale«- by foreigners or a net outflow of capital from the Itaited States) April 1981 103 -CAPITAL MOVEMENTSSactioD VI - Transactions in Long-Term Secarities b; Foreigners TabU CM-VI-S. (Ir - Reported by Banks and Brokers in the United States Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country Treasury Bulletin 104 -CAPITAL MOVEMENTS- - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country Section VI Table CM-VI-4. - (Position at end of period in millions of dollars) April 1981 103 CAPITAL MOVEMENTSTransactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Net Foreign Transactions in Long-Term Domestic Bonds, Table CM-VI-5. Other than Treasury Bonds and Notes, by Country Section VI - millions of dollars; negative figures indicate nL't salt,^ by foreigners or a net outflow of capital from the United St : . 106 Treasury Bulletin -CAPITAL MOVEMENTSStciioB VI - Traasactioaa in Loaf-T«rM S*caritia« by Foreigners Reported by Banka and Brokers in the United States Table Clf-VI-6. - Net Foreign Transactive in Domestic Stocks by Country millions of dollars; negative figures indicate net sales by foreigners or 1 Calendar year I'^Sl through Europe : Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland France Genoan Democratic Republic Gemtany Greece Hungary Italy Netherlands Norway Poland Portugal Roman i a Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia. Other Europe. . Latin America and Caribbean : Argentina Bahamas. Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles.... Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean Total Latin America and Caribbean Asia Ch ina Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Oil-exporting countries V, Other Asia : Total Asi Egypt- Ghana Liberia Morocco South Africa Zaire Oil-exporting countries 2/, Other Africa 7., Total Africa , Australia. All other. Total other countries. Total foreign countries.... International and reRlonal International European regional Latin American regional.. Asian regional African regional Middle Eastern regional.. : Total international and regional Grand total. 12 a net outflow of capital from the United April 1981 107 -CAPITAL MOVEMENTSLong-Term Secaritiee by Foreigners R( ported b; Banka and Brokers in the United States Table CM-VI-T. - Net Foreign Tranaactiona in Long-Term Foreign Bonds by Country Scction VI - Tranaactiona in millions of dolla Treasury Bulletin 108 -CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country illions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United Sta 109 April 1981 -CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-9. - Foreign Purchases and SaUa of Long-Term Securities, by Type and Country, During February 1981 Preliminary : Treasury Bulletin 110 -CAPITAL MOVEMENTSVI - TnaaactionB in Long^erm 8«cwriUM by FonlfB«n RaportAd by Banks ud Broken ia tk« Umitod BtatM Table CV-VI-10. - Foreiffa Pnrchaaea a»<) Sale* of Long SeiifiHlw by Type and Country, Dnrinc Calendar Yeai IBtt Sttction T— (In millions of dollars) Gross purchases by foreigners Marketable Treasury. & Federal Financing Bank bonds i notes Total Country rcha: Bonds of U.S. Gov't. Corp. and Federallysponsored agencies Gro39 sales by foreigners Foreign securities 'Df^nestic 3e«Brlties Domestic securities MarkeCble Total sales Bonds Stock Bonds of U.S. Treasury & Federal Financing Bank bonds & notes Corporate other FoEClfiP s«cui^l ties 6, Gov't. Corp. and Federallysponsored agencies Aiii. Eur(ipe : Austria Belgium-LuxembouTg Bulgaria. Czechoslovakia Denmark Finland France. ....* German Democratic Republic Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania Spain. ^ Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe 76 305 152 2,518 2.352 38A 2,221 13 291 155 78"^ 656 2,058 7,720 273 2 98 15 129 TotPl Latin America and C£.ribbean. Asia ; China Mainland Taiwan Hong Kong 362 'i,'483 Total Asia Africa : Egypt Ghana Liberia Morocco South Africa Zaire 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 Middle Eastern regional... : Total International and regional Grand total * Less than $500,000. 270 887 441 3,690 Total Europe India Indone sla Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria. Thailand Other Asia 146 ,316 433 206 3,028 289 Canada Latin America and Caribbean : Argentina Bahamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles, Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean 196 25 274 10,566 139 8,579 142 294 ,370 3 JJ^ April 1981 Ill -FOREIGN CURRENCY POSITIONS. Background have Data United States, owned collected been positions currency of since 1971 firms partnerships, majority-owned and the in majority- and on those of foreign branches, foreign foreign the on nonbanklng and banks foreign "Majority-owned or one nonbanklng more m institutions subsidiaries of United States banks and nonbanking firms. indirectly, Reports cover nine major foreign exchange market currencies "Majority-owned and United States dollars held abroad. corporations pursuant required Title to of II Reporting has been Public Law 93-110, amendemenc to the Par Value Modification Act, 21, an of September 1973, and implementing Treasury regulations. Statistics on the positions will be published monthly in the Treasury Bulletin , The beginning with data for December 1975. report instructions and forms partnerships" foreign are those organized under the laws of a foreign country in which the own more concerns United than 50 percent foreign or States, nonprofit directly or profit interest. subsidiaries" are foreign which one or more nonbanking business in concerns or nonprofit institutions located in the United States directly or indirectly own stock with more than 50 percent of classes the total stock of combined voting power of all entitled vote, to or more than 50 percent of the total value of all classes of stock. used the in Reporting Thresholo collection of bank data were revised effective with reports as of November 1, October 31, for the weekly 1978, and as of reports, 1978 {the last business day of the month), The most recent revision of the nonbank the monthly reports. forms foreign currency for below) (see became effective as of Among the changes the last business day of September 1978. The exemption level applicable to banks and banking Institutions is $10 million equivalent. applicable level The exemption nonbanking business to concerns and nonprofit institutions was $1 million equivalent on all nonbank forms from March 1975 through Noveaber 1976. on the forms, the Belgian franc was deleted as a reporting was currency. reports of positions held in the United States. raised to million $2 equivalent on the It monthly From November 1976 through September 1978 the exemption level was raised to $3 million on foreign subsidiary positions Coomion Definitions and Concepts on June 31, 1977 and for positions held in the United States on September 30, 1978. The term "United States" means the States of the United States, the District of Columbia, the Commonwealth of Puerto American Samoa, Rico, Canal Zone, the Virgin Islands, and Wake Island. other locations than the Midway Island, the The term "foreign" means "United The States", term "worldwide" is used to describe the sum of "United States" and "foreign" data. sole proprietorships, partnerships, and corporations in the United States including the U.S. branches and subsidiaries of foreign nonbanking concerns, and posi tlons" , the in the case of "nonbanking agencies branches , and , subsidiaries located in the United States of foreign banks and banking institutions, in the case of the weekly and monthly "bank positions". for Data must report their entire currency foreign specified foreign currency if a specified a United States dollar equivalent value is reached in any of category assets, liabilities, contracts exchange bought and sold, or the net position in the currency. In general, exemption levels are applied to the entire firm Data for the United States include amounts reported by firms' Firms position in "foreign United the In branch or States separately and subsidiary. majority-owned branches, reports In to on each foreign their foreign partnerships foreign and majority-owned foreign subsidiaries. United States banks and nonbanks are required dollar - denominated to report assets, contracts bought and sold, the United States exchange liabilities, and net positions of those branches, partnerships, and subsidiaries with reportable branches" "abroad" and include positions in the specified foreign currencies. amounts reported partnerships and by the majority-owned subsidiaries do reflect uut the positions of United of In general, States banking and nonbanking concerns. data majority-owned branches, foreign these Deacriptlon of Statistics parents or foreign parents* subsidiaries located abroad except through intercompany The accounts. data include the foreign subsidiaries of a few foreign-owned U.S. based corporations. Assets, data are liabilities, and foreign exchange contract reported on the basis of time remaining to forms foreign currency Data collected on the Treasury are published in the Treasury Bulletin in nine sections. first The worldwide net reported. Sections II presents section positions all in of summary a of currencies the through VIII each present data on Section UC presents the maturity as of the date of the report, regardless of the a original maturity of the United States dollar positions of the foreign branches instrument involved. means due for receipt or delivery within days from the date of the report. maturing in I 2 "Spot" business "Short-term" means year or less from the date of the report. Specified foreign currency. and subsidiaries required to of report foreign currencies. United in one States or (n^r-e firms of the which are specified Treasury Bulletin 112 FOREIGN CURRENCY POSITIONS Section I - Summary Positions Table FCP-I-1. - Nonbanking Firms' Positions (In millions of foreign currency units) Report Date i/ April 1981 113 .FOREIGN CURRENCY POSITIONS. Section II - Table FCP-II-1. Canadian Dollar Positions - Nonbanking Firms' Positions (In millions of Canadian dollars) Pos j^/ Treasury Bulletin 114 .FOREIGN CURRENCY POSITIONS. Section Table FCP-II-3. - II Canadian Dollar Positions Consolidated Monthly Bank Positions w/ (In mlLUona of Canadian dollars) Balance sheet item ssets V^l (1) (2) (3) (4) (5) (6) Demand/ spot 3 days-1 month Over I tnonth-3 nonths Over 3 months-6 months...... Over 6 nonths-l year Over 1 year (7) Total of all maturities (8 Capital assets, liahilities. Surnmary (3) (4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year........ Over 1 year (7) Total of all maturities (8 Capital assets, liabilities C) Summary {(7) + (S)) (1) (3) (4) (5) (6) Demand /spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities.... (8 Capital assets, liabilities. (1) (2) (3) (4) (5) (6) Demand/ spot 3 days-1 month Over 1 month-3 months Over 3 month5-6 months Over 6 months-1 year Over I year (7) Total of all maturities (8 Capital assets, liabilities. (2 501 + (9) Summary ((7) (1) C2) (3) (4) (5) (6) Demand/spot. 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8 Captial assets, liabilities. O) Summary ((7) + (3)) (8)) (3) (4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (S Capital assets, liabilities..,. (2; (2) (1) 877 994 945 395 Summary ((7) + (8)) Bought 1,775 1,050 1,675 4,865 7,712 5,367 3,498 010 :2,702 24.027 4 -216 1,369 839 458 329 1,843 , 7'.)0 7,120 4,805 106 ^254 2 78b Sold Net (4) 2,023 bl5 1,157 1,178 417 315 500 98 -165 -592 -562 -244 - 1 . 140 ? 2 5 -18 2,702 2 , -67 S 54 5,507 3,614 5,137 3,667 991 14? 59 -803 -456 -330 1,370 203 5,805 9,265 5,674 3,685 976 -651 -537 -86 -940 -496 -4 1,358 4,182 28,227 688 1,539 886 613 1,202 1,196 1,877 6,741 6,084 75 337 -310 6,003 4,2 30 1,020 2 Summary ((?) + (8)) Sept Net ((7) + (8)) (9) (1) (i m 1.217 oreign exchange contracts 20 / Liabilities 5,95 5 27,?78 4, 366 744 6S1 1,439 392 411 1,175 1,223 394 2,034 575 1,360 2,615 5,701 7,498 5,630 4,466 918 1,522 !6,5;8 314 -331 ,968 ,907 17 99 -733 -591 -307 26,823 5,747 83'! I,b69 933 441 1.85? 7,508 6,346 6,295 4,304 1,068 1,233 423 41b -300 IS 1,563 5,114 8,869 5,836 5,502 822 2,090 1,858 5,686 9,295 6,284 5,207 -295 -572 -426 -448 295 -242 -156 -726 -430 1,064 27,70b 7 53 ,720 920 423 816 1,294 1.084 405 695 -58 426 -164 1,476 8,566 6,911 5,529 5,506 824 1.663 8,924 7,254 6,315 5,332 28,812 30,590 1,102 -245 -358 -343 -786 174 -278 68 -507 -763 212 1,144 -91 April 1981 115 -FOREIGN CURRENCY POSITIONSSection III - French Franc Poaitiona Table FCP-III-1. - Nonbanking Firms' Poaitiona (:> mdlli.0116 Position o'. Frepcb jkun^j 1/ 116 Treasury Bulletin .FOREIGN CURRENCY POSITIONS. Section Table FCP-III-3. III - - French Franc Positions Consolidated Monthly Bank Positions i«' April 1981 117 FOREIGN CURRENCY POSITIONS. S«ctiom IV - Oarmaa Hark Poaitioai TabU FCP-IV-1. (Iti Po Moabaakiaf Firai' Peaitioai y millions of Barks) 118 Treasury Bulletin JOREIGN CITRRENCY POSITIONSSaetioa IV - 0«r«aii Maik PoaitinBf Table FCP-IV-8. - Couolidated Monthly Bank Poaitiona (la mtlllons of marks) la/ April 198J 119 J'OREIGN CURRENCY POSITIONSSection V - Italian Lira Positions Table FCP-V-1. - Nonbanking Firms' Positionsi/ (In millions of lire) Po Treasury Bulletin 120 -FOREIGN CURRENCY POSITIONS. Japanese Yen Poeitions Section VI Table FCP-VI-1. - Nonbanking Firms' Positions (In millions of yen) Position 1/ April 1981 121 -FOREIGN CURRENCY POSITIONSSection VI Table FCP-VI-3. - - Japanese Yen Positions Consolidated Monthly Bank Positions ii.1 (In millions of yen) ign exchange End of month Assets 19/ Llabilitie (2) (5) (6) D?mand/spot 3 iays-I month Over 1 mont'i-3'nonth» Over 1 [nonths-6 raontlis Over 6 months-l year Over 1 year (7) Tot<=il (8) Capital assets, liabilities... (1) (2) (3) C) July.. (^) Summary C(7) + (8)) Demand/spot 3 days-1 month Over 1 month-3'iK>nth8 Over 3 months-6 months Over 6 months-l year Over 1 year (5) (6) 2.69^ 6.'5, 125 ,027. mi 287,60'i 13<.,476 .. 106,631 753,560 537,178 552,870 160,596 79,992 78.423 of ill maturities (1) (2) (3) {'.) 4'* ... 608,424 825,972 831,814 712,206 545,074 491,511 157,818 88,255 66,512 Net (3) -310,866 137.947 474,231 127,008 54,434 28,203 45,251 „ 2.628.6;i Sunmary ((7) + (8) ),,,,,,,.. , (1) (2) (3) (A) (5) (6) Demand/spot 3 dayt-1 month Over 1 month-3 months Over 3 month3-6 months Over 6 months-l year Over 1 year (7) Total of all maturities (8 Capital assets, liabilities... (9> Summary ((7) + (8)) <1) (2) C3) <5) (6) Demand/spot 3 days-1 month Over 1 month-3months Over i iiionths-6 months Over 6 months-l year Over 1 year (7) Total of all maturities ca Capital assets, liabilities... (9 Summary ((7) + (8)) {!) (2) (3) (^) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-fa months Over 6 months-l year Over 1 year (7) Total of all maturities (8 Capital assets, liabilities... (9) Sunmary {(7) + (S)) (1) (2) (3) (4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-l year Over 1 year (7) Total of all maturities (8) Capital assets* liabilities... (9) Sinnnary ((7> + (8)) , , 435,013 803,113 798,968 221,417 127,096 121,119 519,145 809,644 754,220 270,231 89,824 118.587 619,952 622,338 484,215 125,409 90,916 86,709 683,135 698,813 540,175 164,457 58,561 83,977 2,609,177 480,701 857,797 815,423 2 71,486 61,305 121,149 596,908 792,570 896,677 304,034 43,906 125,285 703,721 758.265 393,887 157,485 41,569 96,131 823,965 557,830 593,863 181,537 37,233 88,871 (4) itlon Sold (5) 127, 5&9 930, 0M7 1.977.283 3,090,607 1,721,179 676,146 194,650 -67,081 -336,589 55,516 293,391 25.042 27,537 -38,878 511.007 8,159,974 8,639,962 -479,98ft 31,019 508. 781 8. 159,974 8,639,962 -479,988 -303,782 280,898 340,303 1,338,163 2,101,177 '3,262,022 1,774,563 731,827 155,011 1,372,892 2,325,975 3,337,555 1,862,394 755.536 221,498 -34,729 -338,511 -2 2'4,798 56,100 264,770 38,227 9,362,763 12fa.058 30,) 21 27,697 Total of all maturities Capital assets, liabilities... Bought 954,37:. 1,894.852 2,9I<.,767 1,619,213 649,199 -25,723 -82.431 -175.840 -101.966 -2f.,947 28,793 -75,533 -87,831 -23,709 -66.487 -38,790 9,875,850 -513,087 -11,092 7,112 500.6 38 9,3b2,7b3 9,875,850 -513. -184,939 180,775 314,753 96,008 36,180 34,410 1,238,951 2,751,655 2,965,662 1,679,489 740,598 171,151 1,278,960 2,924,682 3,008,886 1,803,405 731,106 242,017 -40,009 -173,027 -43,224 -123,916 9,492 -70,866 -224,948 7,748 271,529 -2 7.908 45,672 -36,456 477,187 9,547,506 9.989,056 -441,550 35,637 -12.449 475,18 9,547,506 9,989,056 -441,550 33,636 -163,990 110,831 214,045 105,774 31,263 34,610 1,538,829 2,300,191 3,103,489 1,769,850 728,432 291,161 1,508,151 2,436,109 3,205,546 1,853,903 726.971 313,517 30.678 -135,918 -102,057 -84,053 1,461 -22,356 -133,312 -25,087 111,988 21,721 32,724 12,254 332,533 9,731,952 10,044,197 -312,245 20,288 330,664 9,731,952 10,044,197 -312,245 18,419 -223.020 99,532 421,536 114,001 19,736 25,018 612.155 2,634,811 3.211.204 1,794.411 801,680 192,761 627,580 2,780,494 3,398,693 1,864,421 776,737 238,438 -15,425 -145,683 -187,489 -70,010 24,943 -45.677 -238,445 -46,151 234,047 43,991 44.679 -20,659 456,803 9,247.022 9,686,363 -439,341 17.462 -227,057 234,740 302.814 122,497 6,673 36,414 1,080,789 2,841,190 2,510,008 2,043,009 672,185 165,481 1,148,800 2,945,824 2,702,151 2,081,577 681,441 217,278 -68,011 -104,634 -192,143 -38,568 -9,256 -51,797 -295,068 130,106 110,671 83,929 -2,583 -15,383 476,081 9,312,662 9,777,071 -464,409 11,672 -ft>3A6 n/ Treasury Bulletin 122 FOREIGN CURRENCY POSITIONS— Section VII - Swiss Franc Positions Table FCP-VII-1. Nonbanking Firms' Positions V US uf Sw Pos April 1981 123 .FOREIGN CURRENCY POSITIONS. Section VII Table FCP-VII-3. - - Swiss Franc Positions Consolidated Monthly Bank Positionsis/ Treasury Bulletin 124 FOREIGN CURRENCY POSITIONS Section VIII Table FCP-VIIl-1. (In Posltl - - Starling Poaitiona Nonbanking Firma' Poaitionai/ mlUlows of pounda) April 1981 125 .FOREIGN CURRENCY POSITIONSSection VIII Table FCP-VIII-3. - - Sterling Positions Consolidated Monthly Bank Positionsw (In milliona of Sterling pounds) Treasury Bulletin 126 -FOREIGN CURRENCY POSITIONSSection IX - United States Table FCP-IX-1. - Dollar Positions Abroad Nonbanking Firms' Foreign Subsidiaries' Positions April 1981 127 .FX)REIGN Section IX - Table FCP-IX-3. CURRENCY POSITIONS- United States Dollar Positions Abroad - Monthly Bank Foreign Office Positions ^e/ Treasury Bulletin 128 .FOREIGN CURRENCY POSITIONS. 1/ Worldwide net fwaitlons on the last business day of the S/ All current assets other than liquid assets and short- calendar quarter of nonbanking business concerns in the term trade receivables, and financial assets maturing in United States and their foreign branches and majority- more paptnepships owned subsidiaries. and than one year from intracompany accounts, Excludes receivables and installment paper which have been sold term trade receivables, or discounted and stocks, before matupity, parent companies' U.S. bonds, and the report inventories, and other securities. equipment) (plant fixed majority-owned foreign subsidiaries (plant and equipment) capitalized and Includes long- long-term intracompany claims, investment in their majority-owned foreign subsidiaries, assets date. prepayments, and parents' Fixed assets investment in are excluded. leases for plant and equipment. 1/ 2/ branches Foreign and majority-owned partnerships All financial liabilities other than short-term debt and short-term trade payables; includes long-term trade pay- and ables; subsidiaries only. intracompany liabilities, accrued expenses, and liabilities maturing V worldwide Weekly institutions branches the in United States, majority-owned and and banking report date. their foreign excluded. positions of banks net and foreign in mDre than one year from the Capitalized plant and equipment leases are subsidiaries. ^/ Excludes capital assets and liabilities. Outstanding amounts of foreign exchange which have been contracted to be received or delivered in the future. V Excludes spot exchange. Foreign branches and majority-owned subsidiaries only. Monthly worldwide net positions including capital assets 9/ Columns (1),C3),(5), and (7) less columns (2), (4), (6), and (8). and liabilities on the last business day of the month of banks and banking institutions in the United States and 10 / Representative rates their foreign branches and majority-owned subsidiaries. on the report date. Canadian dollar and United Kingdom pound rates are expressed in U.S. dollars per unit of foreign currency, all others in foreign units j)er U.S. dollar. SECTIONS II THROUGH IX 1/ Positions of nonbanking business concerns in the United States and foreign their branches partnerships and subsidiaries. and 11 / In section D( Banks and banking institutions in the United States and their foreign branches and majority-owned subsidiaries. majority-owned In positions section IX, foreign branches and majority-owned sub- sidiaries only. of foreign branches and majority-owned partnerships and subsidiaries only. 2/ Includes unsettled spot foreign exchSjige purchase contracts well as , currency, as deposits, negotiable other and readily financial instruments maturing in the report date, other parties accounts and 1 and Includes unsettled contracts, transferable year or less from on demand. unaccepted and Other trade spot intracompany foreign loans, drafts iiabtlities, exchange Includes both spot and forward exchange contracts. 14 / Sum of columns (3) and (8). 15/ Sum of columns (1) and (9). 16/ Sum of columns (5) and (10), 17 / See footnote 10. 18/ See footnote 11. are sales other than short-term trade payables, short-term borrowings due In less 13 / time excluded. V Excludes capital assets and liabilities. intracompany claims and loans to repayable receivable, demand 12 / 19 / Fixed-rate loans are reported by time remaining to final year or maturity or the nearest call date, whichever is earlier, from the report date, and the current portion of and floating-rate loans by time remaining to the nearest long-term debt. Other loans, accrued 1 expenses and interest-fixing date. accounts payable are excluded. ^/ 20 / Option forward exchange contracts are reported by time discounted before maturity are excluded. 21/ Sum of columns (3) and (6). Due n.a. Not available. remaining to the nearest option exercise date. Due in 1 year or less; includes Intracompany trade receivables. Receivables and installment paper sold or r 5/ in payables. l year or less; includes intracompany trade Revised. April 1981 129 J*INANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Government Corporations and Other Circular Department Treasury December 20, 1972, and volume I, part Treasury Fiscal Requirements Manual No. 966, Revised, dated in 2, chapter 4100 of the are (Transmittal letter No. require Government agencies to submit business-type fi- 287) Activities the Treasury Bulletin. required retained Stai i^mtiits of financial condition for all activities. Statements of income and earnings are required for business-type activities only. nancial statements and related information to the Department The statements of financial condition for business-type of the Treasury for use in compiling financial reports of the Government. U.S. pursuant to The circular was originally issued in 1956 the authority of Section \\h of the Budget and of 1950 (31 U.S.C. 66b) which re- Accounting Procedures Act the Treasury to prepare reports on Secretary of quires the ac tivi t ies appear in Section I, Table GA-I-l and are published semiannually. The first statements of financial condition published under the revised circular were as of December 31, 1972, applied to business- type activities only, and appeared in the May 1973 issue of the Bulletin. the financial operations of the U.S. Government. Statements of finan- cial condition submitted annually by nonbusiness-type activ- Department Circular No, 966, Revised, requires submission of semiannual financial statements by all Government corpo- rations specifically Control Act, as subject provisions the the Government Corporation amended (31 U.S.C. 846, 856) and any wholly owned and mixed-ownership under to ities were published together with business-type activities in Section I, Table GA-I-l cial condition and held by the agencies, and loans guaranteed and insured by the agencies are reported on a quarterly basis. of the act, and all other activities The first quarterly table on this Federal credit data, which Other business-type activities was as of March 31, 1973, appeared in Section III, Table GA- required to report semiannually include activities and agen- 1II-2 cies whose operations, services, or functions are largely self- semiannual statements liquidating or primarily result the corporations subsequently brought operating as revolving funds. whose activities in the January 1974 issue of Loans shown on the agencies' statements of finan- Bulletin. of a revenue -producing nature in the or accumulation of substantial inventories, investments, and other recoverable assets. Reg- in the mi tted 1 . I, 1972, under August 1973 issue of the Bulletin. the through of income The first and retained earnings sub- revised circular were for the period July December 31 , 1972, and appeared in Section Table GA-I-2 in the June 1973 issue of the Bulletin. All ular governmental activities, which are of a nonbusiness-type revolving funds shown in the statements are noted to indicate nature, are required to report on an annual basis. whether they are public enterprise Two funds, or noted. Direct basic kinds of financial statements are called for by Department Circular No. 966, Revised; and they are published funds , intragovemmental trust revolving funds; and trust funds are also sales and repurchases of loans are published on a monthly basis in Section II, Table GA-II-1. 130 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other Businees-Type Table GA-I-2. October 1, - Activities Statements of Income and Retained Earnings 1979 through September 30, 1980 April 1981 131 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other BusinesB-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980 1 Irt Uiou^atiiif ol' dollars" ) — Continued Treasury Bulletin 132 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980 — Continued April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued i In thousands of dollars 133 134 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other BusineBS-Type Activities Table OA-I-2. October 1, - Statements of Income and Retained Earnings 1979 througli September 30, I ill UioutaiidE of dollars) 1980— Continued 135 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. - Statements of Income and October 1, Retained Earnings 1979 through September 30, 1980— Continued I in thousands of dollare) Treasury Bulletin 136 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporationo and Other BusinesB-Type Activities Table QA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued tin Ui'.'u^aJids of dollars) April 1981 137 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued ( In thousaitdE of dollars ) 138 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Sect! on I - Government Corporations and Other BuBinees-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued 139 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued Treasury Bulletin 140 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other BusinesB-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued April 1981 141 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Table GA-I-2. October 1, - Otiier Business-Type Activities Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued ( In thouEandE of dollars Treasury Bulletin 142 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Table GA-I-2. October 1, - Otiier Business-Type Activities Statements of Income and Retained Earnings 1979 through September 30, 1980 ' In Uir.ijsandi^ of dollars ) — Continued April 1981 143 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued Treasury Bulletin 144 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued (In thousaiidE of dollars) April 1981 143 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Busineas-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued Treasury Bulletin 146 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other BuBinees-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-l-2. - Statements of Income and October 1, 1979 through September 30, Retained Earnings 1980 — Continued w 148 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued April 1981 149 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Buainess-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued . 150 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other Busineae-Type Table GA-I-2. October 1, dollar: ] Justice Department-Continued Federal Prison System INCOME AND FXPFM<;f Fxtraordinary income and expense f-l: Gain or loss (-) on disposition of assets Other Total extraordinary income and expense Net income or expense f -) (- before dist.rib\jr,ion ANALYSIS OF CHANGF, TN RgTAINED Opening balance Net income or expense (-) Adjustments for prior periods. Distribution of income: Dividends Other ' Closing balance. Footnotes at end of Section. EAf^ MTNr.'; Activitie Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued - ^ 151 April 1981 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporationfl and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30. 1980— Continued Transportation Department Office of the Secretary Working capital fund CIR) Federal Av 1 a t i on Adrainiatratio United States Coast Guard Aviation war-risk Insurance revolving Supply fund (IR) Yard fund (IR) Cadet fund (TR) fund CPE) INCOME ANtJ EXPENSE Sales of goods Sales of services Insurance and ^arantf*' Interest income Other income 110,829 88,978 1,977 <i,047 Total income. 1,980 Expense: Cost of goods sold. Interest expense: Treasury borrowings. Federal seciirities, Other . Other expenses: Administrative Depreciation Other operating expenses. Other 10,753 5,710 39,127 41.027 1,591 3,666 108 220 5,709 3,337 3,666 220 5,253 201,962 Total expense. Income or expenses (-) beforp extraordinary 1 3,889 terns Extraordinary income and expense {-) Gain or loss Other ( -) on disposition of assets., -13 -161 Total extraordinary income and expense (-). Net income or expense (-) before distribution AHALYSIS OF CHANGE IN RETAILED EARNINGS Opening balance Net income or expense '-),... Adjustments for prior periods Distribution of income: Dividends Other Closing balance Footnotes at end of Section. -5.109 3,715 -517 17,996 1,911 1,A71 7,322 212 3.330 933 7,685 350 -368 152 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other BuBiness-Type Activities Table OA-l-2. - Statements of Income and Retained Earnings October 1, 1979 throagh September 30, 1980— Continued 133 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corpora tione and Other BuBiness-Type Activitiea Table GA-I-2. - StatementB of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued I In tlH-'icanUE oi' dollarc ) Treasury Department - Continui Internal Revenue Service Bureau of Engraving and Printing Bureau of Government Financial Operations Comptroller Check forgery insurance fund (PE) Fishermen's protective fund (PE) Mlscellaneoua loans and certain other assets Bureau of Engraving and Printing qf the Currency (TR) INCOME AND EXPENSE 130,979 1,771 Sales of goods Sales of services Insurance and guarantee premiums. Interest income Other income Total income. 9,277,439 9, 27-', 439 9,277,439 <>,277,439 104.817 5,44 3 132,750 Expense: Cost of goods sold. Interest expense: Treasury borrowings. Federal securities.. Other Other expenses: 112 Administrative Depreciation Other operating expenses. Other 42,076 Total expense. Income or expenses (-) before extraordinary i 9,277,439 11,651 3,502,532 9,277,439 -200 37,974r 11,651 terns Extraordinary Income and expense ( -) Gain or loss {-) on disposition of assets.., Other Total extraordinary income and expense (-), Net incOT»e or expense f-) before distribution a;JALYS1S OF CHAXCE IN RETAIHED EARNINGS Opening balance Net income or expense ( -) Adjustments for prior periods Distribution of income: Dividends Other Closing balance 3,509,368 9,277,436 -250 7,001 -8,463,996 -8,463,996 4,322,558 6,951 4,315.775 49,625 Federal tax Hen revolving fund (PE) fund (IR) Treasury Bulletin 154 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Table GA-I-2. October 1, - Activities Statements of Income and Retained Earnings 1979 through September 30, 1980 — Continued 155 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other Dusiness-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued \ In tfii u:.aiid£ ol" dollarE ) : 156 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporatione and Other Business-Type Activities Table GA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980 kin tJ"i'.'U£aiiU£ of dollars — Continued J Independent agencies Community Services AdminisCratio Funds transferred to others edit Administration District Columbia ExportImport Bank Loans and repayable advances of the United States (PE) INCOME AND EXPENSE Income: SEiles of goods Sales of services Insurance and guarantee premluins Interest income Other income 1,291,348 5,721,397 1,601,508 3,246,345 3,887,012 374 2P 29,833 959,280 162 15,747,610 Total income Expense Cost of goods sold Interest expense: Treasury borrowings federal securities Other 94,186 789,788 1,106,949 Other expenses: Administrative Depreciation Other operating expenses Other 14,618,b37 Total expense Income or expenses (-) before extraordinary i tems Extraordinary income and expense (-): Gain or loss (-) on disposition of assets.. Other Total extraordinary income and expense (-). Net income or expense 373,057 353,355 4,393,320 1,698,644 ( -) before distribution 20 Reiolving fund for administrative penses (PE) Short-term credit investment fund (PE) 151 April 1981 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30. 1980— Continued (In thousands of dollars) Independent agencies -Continued Banks for cooperative investment fund (PE) IMCOME AJJD Federal Home Loan Bank Board Federal Emergency Management Agency Farm Credit Administration Continued Federal Deposit Insurance Corporation National flood insurance fund (PE) (TR) Federal Savings and National insurance development fund (PE) lx)an Insurance Corporation (PE) EXPEUSE Sale9 of goods Sales of services Insiorance and guarantee premiums. Interest income Other Income 363, A9b 821,093 18,3^8 160,517 3,586 147,132 271 271 13,385 3,586 385,323 452,432 162,018 385,323 452,432 141,698 979,452 16i.,374 Total income Expense: Cost of goods sold. Interest expense: Treasury borrowings Federal securities. Other Other expenses: Administrative Depreciation Other operating expenses. Other 396.170 7,97^. 339,606 6,609 56,563 1,365 18,806 355,508 33,288 40 18,806 352,401 480,580 Total expense. Income or expenses (-) before extraordinary i 498,182 1,127,266 terns Extraordinary Income and expense {-): Gain or loss {-) on disposition of assets.. Other Total extraordinary Income and expense (-).. Net Income or expense ( -) before distribution 1,127,266 AHALYSIS OF CHANGE IN pFTAIHED EARWIHGS Opening balance Net income or expense { -) Adjustments for prior periods. Distribution of income: Dividend s Other 9,584,858 1,127,266 -670,740 -303,665 -734,860r -262,464 64,120 -41,201 -22 22,898 Closing balance. Footnotes at end of Section. 5,661,672 498,182 5,649,796 498,872 158 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. - Statements of Income and Retained Earnings October 1, 1979 through September 30, 1980— Continued {In thousandE of dollars) 159 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, (In thousands of dollarE) 1980— Continued 160 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Other Bueineas-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 througli September 30, ( Ln thousands of dollars) 1980— Continued . 161 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Business-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued 162 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section I - Government Corporations and Table GA-I-2. October 1, - Otiier Business-Type Activities Statements of Income and Retained Earnings 1979 througli September 30, In Ui'-.n: anuf ol' dollars) 1980— Continued 165 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section I - Government Corporations and Other Dusiness-Type Activities Table GA-I-2. October 1, - Statements of Income and Retained Earnings 1979 through September 30, 1980— Continued I In thriusandf of dollarsj 164 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Footnotes to Table GA-I-2. * r Less than $500. Revised. Public enterprise revolving funds. Intragovemmental revolving funds. Trust revolving funds. Statements in this table are from Government corporations and businessStatements of the transferred account which represent type activities. 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 transferred accounts are also shown as funds transferred from others under the heading of the "spending" agencie that administer these funds. Represents a deposit of funds to receipt accounts. Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 1956, as amended (7 U.S.C. 1704(e)). Consists of contingency fund, inter-American social and economic program, and supporting assistance loans. Includes the fund for administrative and operating expenses. Includes accrued interest expense of 58,500 thousand of capital stock. 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 Nov, 9, 1979 {93 Stat. 829). Information pertaining to the amount of retained earnings at the beginning of the period was not shoim on the statement submitted by the reporting agency. (PE) (IR) (TR) 1/ 2/ 3/ k/ V b/ y 8/ 9/ Includes funds transferred from others, 10/ Represents insufficiency restorations made by appropriations, 11/ Represents interest on appropriations for loans to be paid into miscellaneous receipts of the Department of the Treasury. 12/ Includes the Defense Communication Agency. 13/ Represents interest on appropriations and other capital. 14/ Includes $2,189 thousand for insufficiency restoration. 15/ Includes $13,857 thousand for insufficiency restoration. 16/ Represents interest expense on appropriations allocated to power and to municipal and industrial water supply construction. Represents interest expense on public debt borrowings from the Department of the Treasury, and on appropriations and other capital. 18/ Represents premium payments and insurance losses. 19/ Represents interest expense payable to the Department of the Treasury on outstanding cash disbursements made from the fund. 20/ Includes interest expense on mortgage notes and escrow deposits. 71/ Represents net income of $201,005 thousand from power operations and a net loss of $-85,932 thousand from non-Income producing programs. Based on semiannual Source: Bureau of Government Financial Operations. reports received from agencies pursuant to Treasury Circular No. 966, Revised. 17 / 163 April 1981 FINANCIAL OPERATIONS OF Section Table GA-II-1. - II - GOVERNMENT AGENCIES AND FUNDS Federal Credit Programs Direct Sales and Repurchases of Loans (In millions of dollars Export- Import Bank of the United States Fiscal year Sales 1971 1972 1973 1974 1975 1976 2,548 305 3,C'.5 781 1977 1978 1979 6,257 3,903 7,829 11,666 2,759 7,895 10,544 11,848 330 1,141 1,559 1,281 422 2,121 3,399 2,055 1980 T.Q 12,469 4,902 1980-Feb. Mar. Apr. Hay. June 1,313 1,345 1,849 1,490 510 527 504 507 July 1,470 1,223 1,133 1,036 1,595 813 28 14 371 580 547 Aug. Sept Oct. Nov Dec. 1981-Jan. Feb. 269 248 145 21 21 160 Farmers Home Administration Repurchases Sales 187 20 3 2,005 2,430 3,324 2,172 6,415 4,247 1.070 5,445 9,407 10,375 Repurchases 574 284 1,105 1,524 1,148 414 2,083 3,J55 2,026 1, 1..5 1,844 1,490 502 506 5 512 508 12 511 Government National Mortgage Assoc iation Sales 287 11.463 6 Housing and Urban Development Depc. .005 1,465 1 13 545 13 2 ' Repurchases Small Business Administration Repurchases Veterans Administr : : . . Treasury Bulletin 166 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ Section II-Federal Credit Programs Table GA-II-2. - Direct and Guaranteed Loans Outstanding (In thousands of dollars) Direct loans or credit Agency and program Amount outstanding Max Imum authority I-Wholly ovmed Covemmetit enterprises United States dollar loans Funds appropriated to the President: Appalachian regional development programs: Appalachian housing program Foreign assistance: International security assistance: Emergency security aislstantfc for Israel... Foreign military credit sales r. . . Liquidation of foreign mllltai^ sales fund: Long- term credits Military credit sales to Israel 529,064 953,482 5,313 270,000 1,7S7,S59 Total International security assistance. International development assistance: Bilateral assistance: Agency for International Development: Alliance for Progress, development loans... Common defense, economic, and triangular trade loans Development loan fund liquidation account Development loans Housing guaranty fund Grants and other programs . Total Agency for International Development. Overseas Prlvatft Investment Corooratlon * Total funds appropriated to t'he President Agriculture Department Commodity Credit Corporation: Commodity loans Long-term dollar credit sales Short-term export sales credits Storage facility and equipment loans Energy loan guarantees Noncorranercial risk assurance Total Commodity Credit Corporation Agricultural Marketing Service: Milk market orders assessment fund Farmers Home Administration: Agr leu 1 tura 1 c red 1 1 insuranc e fund Farm ownership loans: Farm enterprise Nonfarm enterprise Operating Loans Guaranteed operating loans Recreation loans Soil and water conservation loans Knergency loans Guaranteed emergency loans Guaranteed emergency livestock loans Economic emergency loans Guaranteed economic emergency loans.... Emergency loans refinanced Indian land acquisition loans Grazing, recreation, irrigation, and forestry loans Watershed works of Improvement and flood prevent Ion loans Resources conservation and development loans... Programs in liquidation Total agricultural credit Insurance fund. Rural development insurance fund: Water and waste disposal loans to associations. Community facilities loans to assoc la t Ions Business and Industrial development loans Guaranteed business and Industrial devel . loan. Total rural development Insurance fund Footnotes at end of section. 3,151,172 17,065 5/ 83,131 ^,840,411 4 \_i December 31, 1980 April 1981 167 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FTTNng Section II-Federal Credit Programs Table GA-II-2. - Direct and Guaranteed Loans Outstanding (In thousands ot Direct loans Agenty and progr, l-Wholly owned Government enterprises United States dollar loans - Continued Agriculture Department-Continued Farmers Home Administration-Continued Rural housing insurance fund: Rural housing loans Rural housing loans to senior cl tizens Rural rental and cooperative housing Rural housing site loans Labor housing loans 934,614 7,809 606,579 949 50,Q51 Total rural housing insurance fund 1 Self-help housing land development fund: Self-help housing land development loans. . . Total Farmers Home Administration Soil Conservation Service: Water conservation and utilization projects. Watershed and flood prevention operations. Total Soil Conservation Service Total Agriculture Department Commerce Department: Economic Development Administration: 26/ Revolving fund Trade adjustment assistance Maritime Administration: Ship sales (purchase money mortgage). Federal ship mortgage insurance fund: Direct loans Guaranteed loans Total Maritime Administration National Oceanic and Atmospher Adminstration: Federal ship financing fund fishing vessel Coastal energy Impac t fund Fisheries Loan fund s. Total National Oceanic and Atmospheric Admin. Total Commerce Department Defense Department: Military: Defense production guarantees: Army Navy Civil: Ryukyu 1 s ! ands , construe tion of power systems. Total Defense Department Education Department: College housing loans Student loan insurance fund 26 / Higher education facilities loans and insiiran , fund 26/ Elementary and secondary education 26 / Higher educational loans to institutions 26/. Advances for reserve funds 26/ Higher educational loans to students 2_3/ 26/ Loans to law enforcement students 1^1 Total Education Department Energy Department; Direct loans Guaranteed loans dollars) December 31, 1980-Continued . Treasury Bulletin 168 -FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDSSection II-Federal Credit Programs Table GA-II-2. - Direct and Guaranteed Loans Outstanding December 31, 1980-Continued (In thousands of dollars) Direct loans or credit Guarantees and insurance Agency and program Amount outstanding I Wholly owned Government enterprises United States dollar loans - Continued Health and Human Services Department; Public Health Service; Public Health Act 26/ Health maintenance organization, loan guarantee and loan fund Medical facilities guarantee and loan fund.... Health teaching facilities construction: Guaranteed loans Community facilities Construction of hospitals and other medical fac ilities Health professions education fund Nurse training fund Other student loan program Assistance to refugees in the U.S Total Public Health Service Social Security Administration: Subsistance, Laundry and Health Services 20/. Total Health and Human Services Department Housing and Urban Development Department: Housing Programs: Federal Housing Administration: Revolving fund: Property improvement loans Purchase money mortgages Mortgage insurance loans Total Federal Housing Administration revolving fund Housing for the elderly or handicapped Low- rent public housing: Loans to States, territories, etc Purchase money mortgages Nonprofit sponsor assistance 26 / Community disposal operations fund 36/ Liquidating programs Total housing programs Government National Mortgage Association: Special assistance functions Management and liquidating functions Emergency mortgage purchase assistance Guarantees of mortgage-backed securities fund Total Government National Mortgage Association.... Community planning and development: Rehabilitation loan fund Urban renewal programs New communities guarantee fund Total Housing and Urban Development Department Interior Department: Water and Power Resources Service: Irrigation distribution systems Small reclamation projects Drought emergency assistance Total Water and Power Resources Service Geological Survey: Surveys, investigations, and research 2b^/ Bureau of Indian Affairs: 26/ Revolving fund for loans: Cooperative associations Corporations and tribes Credi t associations Expert assistance Individual Indians Total revolving fund for loans Loan guaranty and insurance fund 26 / Liquidation of Hoonah Housing Project 26/ Total Bureau of Indian Affairs 445 ,197 115 7,291 4,475 4,847 6,302 .543 -05 Maximum authority _!_/ Amount outstanding Haxlntum authority 2/ Government fee or premium Interest range (Percent) 3/ Maturity range fYears) 3/ 169 April 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Section II-Federal Credit Programs Direct and Guaranteed Loans Outstanding Table GA-II-2. December 31^ 1980-Continued (In LlK.u5an.isDf dollar*) Guarantees and insurance Direct loans or credit Agency and progr Amount outstanding I-Wholly owned Government enterprises United States dollar loans - Continued Interior Department - Continued Territorial Affairs: 26 / Public works Rehab i litation in Guam Guam Power Author i ty Virgin Islands - Construction lb Total Territorial Affairs Total Interior Department State Department: 26 / Emergencies in the diplomatic and consular ser Loans to the United Nations Total State Department Transportation Department: Federal Aviation Administration: Aircraft loans Federal Hignway Administration: 26 / Right-of-way revolving fund Safety construe tion fund Federal Railroad Administration: 26 / Loans to railroads Sailroad loans acquired by default Trustee certificates of railroads Urban Mass Transportation Administration: Urban mass transportation fund Washington Metropolitan Area Transit Author i ty bonds Total Transportation Department Treasury Department: Chrysler Corp loan guarantee program 26 / New York Ci ty loan guarantee program 26 / Miscellaneous loans and other assets: Greece Hungary Turkey Lend-lease and surplus property Uni ted Kingdom Total Treasury Department General Services Adniinistrati jn: Liquidation of Virgin Islands Corporation Surplus property credit sales... Federal buildings fund Total General Services Administration Veterans Administration: Direct loans to veterans and reserves Education loans Loan guaranty revolving: Atjquried mortgages Guaranteed mortgages National service life insurance fund Service-disabled ife insurance fund U.S. Government I i f e insurance fund Veterans insurance and indemnities Veterans reopened insurance fund Veterans special life insurnace fund 26 / Vocational rehabilitation revolving fund I Total Veterans Administration Independent Community Loans to Loans to agencies: Services Administration: individuals cooperative associations Total Community Services Administration Footnotes at end of section. 26 / Maximum authority \l Amount outstanding Maximum authority 1/ Government fee or premium range (Percent) Maturity range 3/ (Years) 3/ . 170 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS, Section II-Federal Credit Programs Table GA-II-2. - Direct and Guaranteed Loans Outstanding December 31, 1980-Continued (In thousands of dollars) Direc Agency and program C Amount outstanding I-Wbolly owned Government enterprises United States dollar loans - Continued Independent agencies-Continued: District of Columbia: 26 / Loans for capital outlay UU j Advances to stadium sinking fund. Armory Board Repayable advances Guarantees and insurance loans or credit Haxium authority _1/ Amount ou ts tanding Maxium authority 2,981,965 6,129,251 24,951 47/ Government 1^1 fee or premiu' 60,000 Total District of Columbia. Export-Import Bank of the Onlted States:' Equipment and service loans Commodity loans Emergency loans 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 13,971,255 21,^.63,126 18,9i0 3,607 18,940 885,616 396,2''9 18,691 348,138 2,739,490 Total Export-Import Bank of the United States". Federal Home Loan Bank Board: 26 / Federal Savings and Loan Insurance Corporation Loans to insured institutions Loans acquired from insured institutions. Revolving fund . 14.386,474 172,330 474,942 . 172,330 474,942 4,000,000 Interstate Commerce Commission: Railroad loans National Consumer Cooperative Bank: 26 / Cooperative loans National Credit Union Administration: 26/ Share insurance fund Small Business Admlnlstrati-on: Business loan ahd'trivestnient fund: Financial assistance program: Business loans Economic opportunity loans Handicapped loans Local development company loans State development Company loans 8,820 27/ 1,578,764 264,935 71,646 279,053 Total business loan and investment fund. Disaster loan fund: Financial assistance program: Disaster loans Total Small Business Administration. Tennessee Valley Authority: Loans to aid States and Territories. United States Railway Association: Direct loans Subtotal *. Held by lending institutions not guaranteed or Insured by the Federal Government Total budget Federal agencies Off-budget Federal agencies 5U { Federal Financing Bank Rural Electrification Administration: Rural connnunication development flmdi. Community antenna television services Rural electrification and telephone revolving fund: Electrical systems Telephone systems Rural Telephone Banks: Telephone systems 57/ Total Rural Electrification Administration.. United States Railway Association: 26/ Direct loans Total off-budget Federal agencies. Total Part I ) U,117 20,749 Small business energy loansi. Investment company assistance program: Loans and debentures purchased 209,892j 2 28,320 1,075,334 4,768,874 45/ 1/27. 48/ 49/ Interest range (Percent ) 3/ range (Years) 3/ 171 April 1981 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section II-Federal Credit Programs Table GA-II-2. - Direct and Guaranteed Loans Outstanding December 31, 1980-Continued (In thousands of dollars) Direct loans or credit Guarantees and insurance Agency and progr Amount outstanding Il-Uholly owned Government enterprises Loans repayable in foreign currencies Funds appropriated to the President: International development assistance: 26 / Bilateral assistance: Agency for International Development: Development loan fund liquidation account... Private enterprises 59 / Common defense, and triangular trade loans.. Productive credit guaranty loans All other loans Total funds appropriated to the President Treasury Department: Lend-lease and surplus property 2^/ International Communication Agency Total Part II Ill-Priva tely owned Government-sponsored enterprises Farm Credit System: Banks for cooperatives: Cooperat ive associations Federal intermediate credit banks: Production credit associations Federal land banks: Mortgage loans Total Farm Credit System Federal Home Loan Bank Board: Federal home loan banks: Advances to member banks 2b/ Federal Home Loan Mortgage Corporation: Mortgage loans Total Federal Home Loan Bank Board Federal National Mortgage Association Student Loan Marketing Association 26 / Total Part III 2W Maximum authority 1/ Amount outstanding mum thority [lax t 2^/ Government fee or premium range (Percent' 3/ Maturity range (Years) 3/ . 172 Treasury Bulletin FINANCIAL OPERATIONS TO GOVERNMENT AGENCIES AND FUNDS, Footnotes to Table GA-II-2 -Continued 19/ Determined by the Secretary of Commerce. 20 / Maximum authorization for direct and guaranteed loflns is $1,500,000 thousand which has been prorated between direct loans and guartinceed loans. 11/ Represents premium on insured loans; there is no premium on guaranteed loans. 22/ Advances shall be repaid within such period determined by the Commissioner depending on the maturity and solvency of the reserve fund. 22/ Not later th.-n Der^tnber U. 19kO, there shallbe a capital distribution of the student loan fund and not less than quarterly thereafter. 24 / Loan allocations are made when needed as determined by surveys of insti tutions. 25 / Loans to students are repaid directly to the U.S. Government during a 10-year period beginning nine months after student leaves school. 26 / As of September 30, 1980, the latest available. 27 / Consists of obligations from liquidations. 28 / 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 62 in Part III of this table). 29 / Represents maximum authority to borrow from the Seceratary of the Treasury, and funds provided by sales of participation certificates. 30 / Includes loans of $1,276 thousand insured by the Federal Housing Administration. 31 / Includes loans insured by the Federal Housing Administration and loans guaranteed by the Veterans Administration. 32 / Determinded by the Federal Housing Administration and the Veterans Adminis tration. 33 / Calculated monthly in reference to average yield of 6-12 year Treasury borrowings. 3^ / Statutory: Application fee, $10. Commitment fee, 0.57. of principal up to $30,000 thousand and 0.17. over $30,000 thousand. Guarantee charge, 3'/, of principal amount guaranteed. Annual charge, 0.57, of outstanding amount guaranteed for first seven years, 17, of outstanding amount guaranteed after first seven years. 35 / Loans may be paid off at any time by application of proceeds from sales of land or capital grants or by refinancing. 36 / As provided by an act approved August b, 1956 (70 Stat. 1046), loan allocattrpflB to irrigation land holdings not in excess of 160 acres are interest free. Allocation to nonirrigation uses and irrigation land holding in excess of 160 acres bear Interest based on the average rate on certain outstanding U.S. marketable obligations. 37 / The guaranteed loan rates are I .S - 1U.Z157., and Federal funds rate plus Direct loan rate is 5-Xlll.. 3/87.. 33 / Default of guaranteed loans. 39 / Payment depends on liquidation of Central Railroad of New Jersey, 40 / These figures are stated on an estimated basis. 41 / Includes interagency holdings by the Government National Mortgage Association, and loans held by the Federal Home Loan Mortgage Corporation ar.d the Federal National Mortgaee Assnciatinn f?ee footnote bl in Part III of this table.) 42 / Administrative: minimum period consistent with applicant's ability to repay, not to exceed maximum maturity set by statute of 15 years for loans to individuals and 30 years for loans to associations. 43 / Statutory rate of Interest shall be fixed by the Secretary of the Treasury at the beginning of the 6-month period in which the loans are made. 44 / Represents balances from the Water, Highway, General Sanitary Sewage and Metro Area Sanitary Sewage Works funds pursuant to Public Law 94-333, dated June 30, 1976. 45/ Shipment coverage rates as of September 30, 1980 were $0.13 to $5.88 on each $100 of financed portion (contract price minus cash payment). 46/ Guaranteed interest rate will be 17. above the Department of the Treasury borrowing rate for comparable maturities and will be fixed at t ime of au thor i z a t i on 47 / Includes guaranteed interest of $748 thousand. 48 / Shipment coverage rates as of September 30, 1980 were $0.53 to $6.62 on each $100 of financed portion (contract price minus cash payment). 49/ Shipment coverage rates as of September 30, 1980, were $0.12 to $2.14 on each $100 of gross invoice value. 50 / Statutory formulas set minimum rates based on yields of U.S. Government obligations of comparable maturity. Accordingly, rates charged may exceed minimum and may vary from month to month. For December 1980 11-3/87. for Economic Opportunity Loans and 12.2657. for Small Business Investment Company debenture purchases. No limitation has been placed on amount of direct or guaranteed loans that may be outstanding at any one time. This figure represents the amount of participation by private entities in partially guaranteed U.S. credit programs. This private participation in the guaranteed loan programs of the various agencies is as follows: 31, 51 / 52 / Amount Agency (In thousands Funds appropriated to the President: Overseas Private Investment Corporation Agriculture Department: Agricul tural credit insurance fund: Farm owenership loans: Farm enterprise of dollars) 92,006 4,239 22,495 4,996 19,854 Guaranteed emergency loans Guaranteed operation loans Guaranteed ivestock loans Rural development insurance fund: Guaranteed business and industrial loans Guaranteed rural housing loans Transportation Department: Federal Aviation Administration: Aircraft loan guarantees 1 Veterans Administration: Loan guaranty revolving fund Other independent agencies: Small Business Administration: Business loan and investment fund Disaster loan fund Total 240,319 2,152 25,157 46,609,688 1 ,074,983 958 48,074,352 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 guaranteed mortgage held by the institutions. 54 / Host outlays of the Rural Electrification and Telephone revolving fund and the Rural Telephone Bank have been classified off-budget since Hay 12. 1973, by an act approved Hay 11, 1973 (87 Stat. 65-71). The Federal Financing Bank was established as an off-budget Federal agency by an act approved December 29, 1973 (87 Stat. 941). 55 / Loans made by Federal Financing Bank are included in the guaranteed programs of the appropriate agencies. Loans made 56 / Interest is 27. on loans made prior to May 11, 1973. after that date bear interest at 27, or 57, depending on certain conditions stated in section 305 (b) of an act approved Hay 11, 1973 (87 Stat. 69). Guaranteed loans: rate agreed upon by the borrower and the lender. 57 / This Bank is a mixed-ownership corporation. 58/ Interest rate is average rate of cost of moneys to the telephone bank as determined by the Governor. 59 / Represents the Cooley loan program established by an act approved August 13, 1957 (7 U.S. 1704 (e)). 60 / Does not include advances of $3,153,350 thousand to the Federal Home Loan Hortgage Corporation. 61 / 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)). 62 / Consists of mortgages insured by Che Federal Housing Administration and guaranteed by the Veterans Administration of $1 ,089,645 thousand; less unamortized discount of $31,594 thousand; participation in conventional loans $3,214,852 thousand; conventional whole loans of $732,646 thousand; less loan loss reserve of $9,000 thousand. 53 / Excludes $82,015,311 173 April 1981 CUMMULATIVE TABLE OF CONTENTS Hay 1980 through April 1981 .in><i Tre.» 3n'H D8P'' nu">^«*r . Treasury Bulletin 174 . CUMMULATIVE TABLE OF CONTENTS May 1980 through April Tssues 1981-ContiQued anil Da<»« nomh"*! Treasur y^' End-oE-month closing quotaiions Chan - Yields of Treasury seem I Average yields o£ Average yields Trefl! and municipal bonds Chan - Average yields of lon?-Le corporate, and nunicipal bonds. ) Exchange Stabiti Balance sheet Income and expense. Fund: National bank reports Ope rat ing income and expense, and d ividends of national banks, calendar year 1979 : al financial statisti< U.S. reserve assets U.S. liquid and other liabilities to foreign official institutions, and liquiff liabilities to all other foceiftoers U.S. liquid and other liabilities to official institutions of foreign countries by area NoniDarkelable IT.S. Treasury bonds and notes issued to official institutions of foreien countries U.S. position in the International Monetary Fund Weighted average of exchange rate changes for the dollar Capital movemen ts: Liabilities to foreigners reported by banks in the United States. Claims on foreigners reported by banks in the United States Supplementary liabilities and claims data reported by hanks in the United States Liabilities to foreigners reported by nonbanking business enterprises in the II. S Claims on foreigners reported by nonbanking business enterprises in the I'.S Transactions in long-term securities by foreigners reported by banks and brokers in the United States 116 UP Foreign Currency Positions Suamary Canadian Dollar Positions French Franc Positions... German Mark Positions..,, Italian Lira Positions... Japanese Yen Positions... Swi< Fra Pos Sterling Positions. United States Dollar Positions .Abroad. : !2fi 130 107 10'» . . ^S" ' ithoi . icquired by the payment of dollars Foreign currency transactions, country uses Foreign currency transact trust funds U. 5 Gov. : s 127 U.S Financial operat ions of Government agencies and funds Government corporations and other business-type activities: Statements of financial condition Statements of income and retained earnings Statements of accounts receivable Statements of loans receivable Federal credit programs: Direct sales and repurchases of loans Direct and guaranteed loans outstanding Trust funds: Civil Service Retirement and Disability Fund... Federal Old-Age and Survivors Insurance Trust Fund Federal Disability Insurance Trust Fund Federal Hospital Insurance Fund Federal Supplementary Medical Insurance Trust Fund Railroad Retirement Accounts Unemployment Trust Fund National Service Life Insurance Fund Investments of specified trust accounts 128 : 166 126 IRl 102 127 128 205 206 208 no 149 150 n2 209 210 113 135 136 213 214 131 187 189 140 211 * U.S. GOVERNMENT PRINTING OFFICE: 1981-341-4£