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£
@FedFRASER