Full text of Treasury Bulletin : August 1968
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
J UN
?,6 1972
TREASURY DEPARTIVIENT
AC4245
POSTAGE AND FEES PAID
TREASURY DEPARTMENT
THE DEPARTMENT OF THE TREASURY
U.S.
BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
FISCAL SERVICE,
WASHINGTON,
D.C. 20226
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
—
August 1968
^
!»«»!
!«!•!!
"•
*ar!««r!PNi«f itn»»««aat>-a>M.pp,..'*ffft*«tM!
iiiiiiiinnniiiinnnnnnn"^«"iiHn:'«:
— —'—
The Treasury Bulletin
is
for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $8.50 domestic, $11.00 foreign.
Single copy price varies.
August 1968
CONTENTS
Treasury financing operations
Federal fiscal operations
H
1
Federal obligations
15
Account of the Treasurer of the United States
19
Monetary
22
statistics
Debt outstanding
23
Statutory debt limitation
28
Public debt operations
29
United States savings bonds
59
United States savings notes.
65
Ownership of Federal
66
securities
Treasury survey of ownership of Federal securities
68
Market quotations on Treasury securities
78
Average yields of long-term bonds
81
International financial statistics
83
Capital
88
movements
Corporations and certain other business-type activities
113
Cumulative table of contents
114
Note:
Details of figures
may
not add to totals because of rounding
Treasury BaUetin
II
Treasury Financing Operations
50
August Financing
On July 31 the Treasury announced an offering for cash of
$5.1 billion, or thereabouts, to the public of 5-5/8 percent
percent of the combined capital (not including capital
notes or debentures), surplus, and undivided profits of the
subscribing bank.
Subscriptions were received without deposit from banking
Treasury Notes of Series B-1974., dated August 15, 1968, due
An
institutions for their own account. Federally-insured savings
additional amount was to be allotted to Federal Reserve banks
and loan associations. States, political subdivisions or in-
The proceeds were to be
strumentalities thereof, public pension and retirement and
used to pay off in cash |8,576 million of 4--V4- percent notes
other public funds, international organizations in which the
3-3A
percent bonds maturing August 15, 1968, and to raise
United States holds membership, foreign central banks and for-
new cash.
The subscription books were open only on Monday,
eign States, and dealers
August
Subscriptions from the public totaled $23,569 mil-
securities and report daily to the Federal Reserve Bank of New
Federal Reserve
York their positions with respect to Government securities and
August 15, 197A, at 99.62, to yield about 5.70 percent.
and Government investment accounts.
and
5.
lion of which $5,474 million was accepted.
v4io
make primary markets in Government
All other subscriptions were required to
banks and Government investment accounts were allotted $4,811
borrowings thereon.
million.
be accompanied by payment of 10 percent (in cash or in the
Interest is payable on the new notes semiannually on
maturing securities, which were accepted at par) of the amount
of notes applied for, not subject to withdrawal until after
February 15 and August 15.
The notes are not subject to call
allotment.
Bearer notes, with interest
for redemption prior to maturity.
coupons attached, and notes registered as to principal and
All subscribers were required to agree not to purchase or
interest were authorized to be issued in denominations of
to sell, or to make any agreements with respect to the pur-
$1,000, $5,000, $10,000, $100,000, $1,000,000, $100,000,000,
chase or sale or other disposition of the notes subscribed for
and $500,000,000.
at a specific rate or price, until after midnight August
Subscriptions were received subject to allotment and were
5)
1968.
payable in cash or in Treasury securities maturing August 15,
Commercial banks in submitting subscriptions were requir-
1968, which were accepted at par, in payment or exchange, in
ed to certify that they had no beneficial interest in any of
whole or in part.
Payment was required to be made or complet-
the subscriptions they entered for the account of their cus-
Payment by credit in Treas-
tomers, and that their customers had no beneficial interest in
ed on or before August 15, 1968.
ury tax and loan accounts was permitted for 50 percent of the
the banks' subscriptions for their own account.
amount of notes allotted.
quired to certify also that they had not made unsecured loans,
They were re-
Coupons dated August 15, 1968, on the maturing securities
or loans collateralized in whole or in part by the notes sub-
in bearer form submitted in payment for the new notes, were to
scribed for, to cover amounts required to be paid when sub-
be detached by holders and cashed when due.
scriptions were entered.
In the case of
registered securities submitted in payment, the final interest
due on August 15,
As provided in the offering circular, the Treasury allot-
1968, was paid by Issuance of interest
ted in full all subscriptions for $250,000 or less and all
checks in regular course to holders of record on July 15, 1968,
subscriptions, $122 million, from States, political subdivi-
the date the transfer books closed.
sions or instrumentalities thereof, public pension and retire-
Commercial banks could submit subscriptions for account
ment and other public funds, international organizations in
of their customers provided the names of the customers were
which the United States holds membership, and foreign central
set forth in such subscriptions.
banks and foreign States where a statement was submitted cer-
Others than commercial banks
were not permitted to enter subscriptions except for their own
tifying that the amount of the subscription did not exceed the
account.
Commercial banks' subscriptions for their own ac-
amount of Treasury securities maturing August 15, 1968, owned
count, were restricted in each case to an amount not exceeding
or contracted for purchase for value at 4:00 p.m.. Eastern
.
August 1968
III
Treasury Financing Operations
daylight saving time, July 31, 1968.
Other subscriptions were
-
(Continued)
Treasury Bills - General
allotted 18 percent with a minimum allotment of $250,000 per
subscription.
Subscriptions from commercial banks for their
Treasury bills are sold on a bid basis.
The face amount
own account totaled $10,994. million and all other subscrip-
is payable without interest at maturity.
tions from the public totaled $12,575 million.
bearer form only, and in denominations of $1,000, $5,000,
9-Month and One-Year Bills
$10,000, $50,000, $100,000, $500;000, and $1,000,000 (maturity
value).
On July 18 tenders were invited for $500 million, or
They are issued in
Tenders are received at Federal Reserve banks and
branches.
thereabouts, of 273-day Treasury bills, representing an additional amount of bills dated April 30, 1968, maturing April 30,
1969, and for $1 billion, or thereabouts, of 365-day Treasury
bills to be dated July 31, 1968, to mature July 31, 1969, both
series to be issued July 31.
These issues were to refund an
equal amount of bills maturing July 31.
on July
Tenders were opened
Banking institutions generally may submit tenders for
account of customers.
Tenders may be made without deposit by
incorporated banks and trust companies and by responsible and
recognized dealers in investment securities.
Tenders from
others must be accompanied by payment of 2 percent of the face
2/^.
amount of bills applied for, unless the tenders are accompanied
Tenders received for the 273-day bills totaled $1,8-41 million, of which $500 million was accepted, including $16 million
of noncompetitive tenders.
by an express guaranty of payment by an incorporated bank or
trust company.
The average bank discount rate was
5.3^2 percent.
Noncompetitive tenders (without stated price), usually for
Tenders received for the 365-day bills totaled $2,9/t5 million, of which $1,001 million was accepted,
lion of noncompetitive tenders.
including $39 mil-
$200,000 or less from any one bidder, are accepted in full at
the average price of accepted competitive bids for an issue.
The average bank discount rate
Payment for accepted tenders must be made or completed on
was 5.310 percent.
the date of issue, in cash or other immediately available funds
13-Week and 26-Week Bills
or in a like face amount of Treasury bills maturing on that
Issues of regular weekly Treasury bills in July totaled
I
$10.8 billion, replacing $10.4- billion of maturing bills and
raising $400 million cash.
There were three 91-day issues and
Payment for 13-week, 26-week, 9-month, and one-year
bills may not be made by credit in Treasury tax and loan
date.
accounts
one 90-day issue of $1.6 billion each and three 182-day issues
I
:
and one 181-day issue of $1.1 billion each.
Average rates for
Foreign Series and Foreign Currency Series
the new issues are sho wn in the following table.
Foreign series securities issued in July totaled $648 million, consisting of fourteen certificates of indebtedness and
13-week
(Additional amount of bills of
original maturity of 26 weeks)
26-week
two notes.
Redemptions for the month totaled $1,067 million.
At the end of July,
foreign series securities outstanding
totaled $1,582 million.
Date of
Additional
issue
—
Original
issue
Approximate
equivalent
annual
average
rate 1/
Date of
issue
Approximate
equivalent
annual
average
rate 1/
(Details are shown on page 56.)
Foreign currency series securities issued in July consisted of three certificates and one note.
The certificates are
denominated in Swiss francs equivalent to $291 million, and the
note is denominated in Italian lire equivalent to $125 million.
1968
July
Redemptions for the month totaled an equivalent of $226 mil1968
Apr.
11
11
5.401
5.368
18
25
18
5.4.67
5
4
25
5.293
1968
July
5
11
18
25
5.588
5.410
5.557
5.367
lion.
At the end of July foreign currency series securities
outstanding totaled an equivalent of $1,931 million, and were
denominated in Austrian schillings, Belgian francs, German
marks, Italian lire, Netherland guilders, and Swiss francs.
1/
Jote:
Bank discount basis.
(Details are shown on page 58.)
Details of Treasury market financing operations are shown elsewhere in tables on public
debt operations.
...
.
)
Am^ust 1968
.FEDERAL FISCAL OPERATIONS.
Table
1.
-
Summary
of Fiscal
Operations
(In millions of dollars)
budget re'-'eipts, expenditures
Receipt-expenditure account
Fisnal year
or month
Ket
expenditures
Net
receipts
2/
(3)
Loan
disbursements
Loan
repayments
(4)
(5)
1959
1960
19ol
79,1J-'
7,85'-
92, ^-'-'
i'-62
99, b?106, 60i
8,310
7,869
9,621
9,646
10,237
10,911
14,628
17,799r
20,022
5,201
6,427
6,671
7,271
9,791
9,693
9,662
10,796
12,621r
l4,08o
20,372
17,106
19o3
l<;'-5
1966
1967
19o8p
1967- June
July
August .
September
October.
November.
December.
.
1968- January.
February.
March
—
April.
.
.
.
May
June p.
.
lending
2/
Budget
surplus or
deficit(-)
Public d=bt Agency
securities
seciiritie
4/
(3W6)
(6)
(7)
-2,659
-1,882
-1,198
-2,351
(8)
-5,936
-3,265
-7,954
11,877
4,597
9,174
20,512
-4,667
930
1,W5
8,764
11,602
4,416
5,213
46
4,606
4,588
-427
111
16
-213
442
1,371
-135
2,068
-513
-308
265
281
1,596
5,296
-2,083
-2,489
5,310
-4,716
1,434
100
287
1,357
120
902
153,4?;
,471
178,108
182,797
-4,689
2/
8,579
10,888
12,367
14,864
13,695
12,220
12,087
11,870
19,045
11,711
19.476
U,311
15,199
15,385
14,486
ol'
-2,644
-1,608
-2,442
3,847
-3,674
4,990
1,890
1,718
1,867
1,611
1,970
2,070
financing - net transactions
f,
1,301
1,030
1,256
1,132
1,114
1,086
-589
-688
-611
-479
-856
-984
7,659
S853
U,901
Means
Within
general
account of
Treasurer,
U.S.
(13)
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
-4,648
-1,065
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p
1969(Est.;
-173
1967- June
With
other
Government
officers
(15)
-38
21
-110
132
-58
41
371
258
-5
945
14
-259
-258
-171
-255
2,133
332
-208
-944
1,729
-794
-95
1968- Janxiary.
February.
March. .
April.
1,775
1,539
-3,512
1,595
-1,936
188
.
.
June
.
p.
.
59
-555
With
International
Monetary
Fund
(14)
July
August. .
September
October.
November.
December.
May
(10)
4,040
5,079r
5,952
2,640
9,230
-3,233
-2,296
-3,053
3,368
-4,529
4,006
-367
381
-447
-342
538
Total
13)*(14)+(15)
141
5'1
694
24
-932
1,536
-432
-(lo)-(ll)
_liil
1,361
259
316
284
339
405
-126
1, ilv
8,578
2,051
1,509
9,828
6,037
3,142
4,121
3,036
2,848
23,090
-700
8,000
354
-482
-5,431
-3dl
-5
-5
-45
-U
5U
-220
-20
-19
2,634
360
-405
-5
5,043
3,161
351
5,361
4,348
708
3,976
4,081
-1,345
-1,626
2,801
-3,769
Federal securities
Other
means of
financing
Total
budget
financing
Cl2)-(16)*(17)
8''
(16)
1,043
1,647
-232
1,486
-uritit-^s
Selected balances, end of period
continued
Changes in cash and monetary assets (deduct)
Fiscal year
or month
a -'counts
^
(9)
-8,807
-25,407
629
153,184
172,956
145
-545
-1,249
-3,832
-5,178r
8,563
1,625
Federal se
Total borInveptrowings from
ments of
the public
Special
Governnotes
ment
(8)*(9)
5,561
2,633
6,314
21,357
7/
U9,555r
1969(Est.)
Borrowings from the public
-f34
962
583
604
1,424
2,858
2,2o0
3,283
9,026
5,338
112,718
ll6,87i
130.928
1"'^4
!
Net
Surplus or
deficit(-)
(l)-(2)
(2)
(1)
of financing - net transactions
lendii-ig
ar.d
Loan account
"
(17)
(18)
General
account of
Treasurer,
U.S.
(19)
InvestHeiQ by
ments of
the public
Govern- Special
Public debt Agency
(20)+(2l)
notes
securities
ment
securities
(22)-C23)
accounts 4''
.a'
(20)
(21)
(22)
(23)
(24)
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table
2.
-
Budget Receipts by Principal Sources
(In millions of dollars)
Internal Revenue
Fiscal year
or month
Individual
Corporation
Net
withheld
38,719
39,259
36,840
42,811
50,521
57,268
11,733
13,271
13,175
14,403
14,269
15,331
16,820
18,486
18,850
20,951
18,092
22,179
21,765
21,296
22,336
24,301
26,131
30,834
34,918
29,889
67,300
23,255
1967- June.
4,20/4
July.
29,001
31,675
32,978
1959
I960
1961
1962
1963
1964
1965
1966
1967
1968p
1969 (Est.).
Sept.
Oct
Nov.
Dec
.
1968- Jan...
Feb.
Mar.
.
.
Apr ...
May.
June p,
.
Total
income
taxes
58,326
For old-age,
For raildisability,
road reand hospital
tirement
insurance
67,918
71,945
75,324
78,891
79,792
92,132
104,288
108,108
525
607
571
564
572
594
636
684
793
859
324
341
345
458
948
35,200
125,755
30,494
957
3,071
9,328
16,602
2,441
74
3,843
5,164
4,236
4,171
5,302
4,477
264
211
2,864
298
162
351
946
642
4,032
913
588
4,224
5,053
6,017
11,132
5,381
6,051
9,052
1,917
2,464
1,996
1,353
1,937
1,470
12
129
70
1
2
8
1
129
64
1
4,352
5,801
5,508
4,045
5,566
4,804
3,800
1,100
697
7,687
940
650
4,439
4,339
763
7,412
9,092
7,552
10,644
16,072
6,868
15,193
1,489
2,744
1,948
3,050
3,277
2.465
12
103
93
15
145
82
498
539
2,977
'37,125
Custom
duties
Railroad
Unemployment
Insurance
A,n
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p
948
1,123
1,008
1,171
1,241
1,284
1,478
1.811
1,972
2,113
1969 (Est.).
1967- June
.
.
July.
.
Aug
Sept.
.
Oct
Nov.
Dec
.
.
1968- Jan
Feb
Mar.
Apr
.
May
June
Source;
.
.
.
.
p.
Old-age
survivors,
disability
and health
insurance
507
8,689
10,970
12,296
12,487
14,763
16,723
16,822
19,903
26,483
27,576
659
851
622
567
6o:>
1
2
79
Total
employment
taxes
Unemployment
insurance
Medical
insurance
for the
aged
Deduct:
Highway
Revenue
Act
2,171
2,642
2,923
3, 08 J
Estate
and gift
taxes
3,646
3,782
4,037
4,652
4,493
9.510
11,300
121,316
138,389
141,772
32,110
4.903
10,028
3,440
11.161
165,075
2,517
348
945
196
841
19,768
1,930
2,595
2,067
1,362
2,067
1,536
369
463
355
345
383
339
873
662
733
876
928
822
207
308
199
234
193
210
253
247
190
175
191
168
8,178
9,797
14,296
8,023
9,431
11,791
1,583
3,345
2,05c
3,068
3,426
2,547
366
428
311
348
420
368
827
652
851
863
901
832
238
204
235
495
1,400
2,842
2,556
2,428
357
11,611
10,782
11,249
18,245
9,551
3,40,'
237
Federal
Deposits of
employees
earnings by
retirement
Federal
contribution! Reserve
banks
All
other
140
615
645
1,3a
2,142
142
3,003
2,800
895
1,380
2,450
176
20
a
29
54
106
156
170
160
178
163
179
193
160
1
3
51
11
11
24
675
32
10
518
16
103
613
63
38
401
39
114
118
100
105
108
105
149
159
159
155
167
168
12
17
18
20
18
20
1
15
10
24
485
140
98
107
114
114
118
180
182
175
8
29
78
28
28
30
181
158
168
191
199
183
24
1
1
13
19
736
36
299
18
145
826
17
23
12
50
Data shown on this table are on the basis of budget concepts adopted
pursuant to recommendations of the President's Commission on Budget
Concepts, as used in the 1969 Budget document.
Estimates are from the
44
51
53
47
49
54
46
46
77
60
68
74,545
86,369
88,247
92,985
99,14s
104,867
108, luJ
18, 819
Miscellaneous Receipts
491
1,093
788
718
828
947
1,372
1,713
1,805
2,091
155
158
156
152
148
145
5.087
5,217
5,948
5,235
6,536
7,115
5.991
7.211
450
363
1,701
2,167
2,398
2,729
3,009
3,042
3,052
3,067
2,917
2,605
539
Total
internal
revenue
1,353
1.626
1,916
2,035
2,187
2.416
2,746
3,094
3,014
3,076
708
824
947
1,071
1,253
1,351
1,554
2,257
2,571
161
Refunds
8,539
9,222
9,141
9,672
10,005
10,304
11,011
9,362
9,461
9,819
Insurance
premiums
Deposit by States
Fiscal year
or month
For unemployment
insurance
7,840
10,022
11,380
11,465
13,243
15,279
15,564
18,652
25,088
26,111
36,2-16
Aug
Excise taxes
Employment taxes
Income taxes
768
764
845
874
944
1,006
1,079
1,128
l,209r
201
191
205
Deduct:
Refunds
121
Net
budget
receipts
133
239
197
268
235
317r
26
20
28
31
36
34
38
45
71
79,198
92,489
94,389
99,682
106,602
112,718
116,874
130,928
149,555r
282
75
294
72
153,485
178,108
122
146
1969 Budget document released January 29, 1968.
Less than $500,000.
Revised.
p Preliminary.
20,512
9
10
6
5
6
5
5
3
7
5
7
7
8,764
11,602
14,901
8,579
10,888
12,367
12,220
12,087
11,870
19,045
11,711
19,476
August 1968
FEDERAL FISCAL OPERATIONS
INTERNAL REVENUE COLLECTIONS BY PRINCIPAL SOURCES
Fiscal
4Bil.
125
100
75
50
25
Years 1954-1968
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table
3.
-
Budget Outlays by Agencies
(In millions of dollars)
August 1968
.FEDERAL FISCAL OPERATIONS
Table
3.
-
Budget Outlays by Agencies
(In millions of dollars)
-
(Continued)
Treasury Bulletin
FEDERAL FISCAL OPERATIONS.
Table
4.
-
Undistributed Interfund Receipt Transactions
August 1968
FEDERAL FISCAL OPERATIONS
Table
5.
-
Investment Transactions of Government Accounts
(In millions of dollars)
in
Federal Securities (Net)
3
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table
8.
-
Federal Old-Age and Survivors Insurance Trust
Fund
1/
{In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Benefit
payments
Net earnings
on investments
Total 2/
Appropriations
1^
Deposits by
States 4/
1937-53
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p
60,921.1
8,108.7
10,360.0
11,823.9
12,011.0
13,855.7
16,043.4
16,416.5
18,460.8
23,371.2
23,640.6
54,667.3
7,084.0
9,192.4
10,537.2
10,600.0
12,351.2
u, 335.1
14,572.4
16,473.5
20,731.6
20,626.9
1,202.1
481.1
650.3
755.4
869.6
989.6
1,166.6
1,257.9
1,392.4
1,835.4
2,035.6
4,999.9
543.0
516.4
530.2
539.0
512.4
539.0
583.1
588.2
725.3
900.1
1969 (Est.)
27,187.8 8/
23,602.0
2,300.0
982.0
1,663.0
1,654.1
1,647.3
1,653.0
1,711.0
1,683.3
1,629.9
1,626.5
1,613.1
1,683. 2r
1,712.9
1,926.2
l,635.8r
1,674.5
1,890.9
1,909.7
1,913.3
1,913.9
38,107.8
9,376.6
11,069.4
11,730.2
13,278.7
15,283.9
15,965.0
18,769.8
19,728.9 7/
U,578.4
a, 623.
15,229.0
18,072.2
18,886.6
20,736.6
24,680.9 7/
23,711.0
512.0
U,530.7
1,665.3
2,658.1
1,616.3
1,159.1
2,059.3
1,559.3
1,578.0
2,027.0
1,641.0
1,126.4
1,595.0
1,212.0
-.3
606.7
-36.3
429.7
12.9
9.6
24.4
11.4
32.7
34.6
334.4
1968-January
February
March
April
May
June p
998.6
2,598.9
1,410.3
2,471.5
3,159.1
2,284.9
995.6
2,117.4
1,466.5
2,392.0
2,538.0
-9.1
458.1
-64.2
12.0
23.4
8.0
43.1
586.4
8.5
36.4
34.6
338.5
1,942.6
2.389.1
1,957.7
12,636.0
10,976.8
189,464.2
1937 to date p ?/.
215,012.8
Ej:penditures, etc.
Fiscal year
or month
-
Construction 10/
Reimbursement
Bureau of
to general
OASI 12/
fund
ly
Reimbursement (-) from
Federal Disability Insurance Trust Fund
l,6a.0
1,649.7
1,633.5
181,331.1
437.6
4,067.7
Assets, end of period
(Continued)
Ailministrative expenses
36,841.5
9,045.9
10,266.4
11,162.4
12,606.4
13,845.6
124.4
600.4
331.7
360.8
422.5
402.6
435.6
443.8
508.0
437.6
1967-July
August
September ....
October
November
December
.1
^
Payments to Railroad Retirement
Accounts 6/
Net increase,
August 1968
FEDERAL FISCAL OPERATIONS,
Table
9.
-
Federal Disability Insurance Trust Fund
tin millions of dollars)
Treasury Bulletin
10
FEDERAL FISCAL OPERATIONS
Table
11.
-
Federal Supplementary Medical Insurance Trust
Fund
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
1967.
1968p.
1969 IKst.
J.
1967- July.
Aug
Sept.
Oct
Nov ....
Dec
.
.
1968- Jan
Feb
Mar ....
April.
May
June p.
1967 to date p.
Total 1/
Federal
contributions
Premiums
Interest
and pro-
Benefit
payments
fits on
investments
Administrative
expenses
Assets, end of period
Net
increase,
Construc- or decrease
tion
(-), in
assets
435.8
-179.1
Total
435.8
306.7
Investments
1,28^.7
1,353.2
646.7
698.5
623.0
634.0
15.0
20.1
798.9
1,532.3
664.3
1,389.6
134.7
142.6
1,809.0
895.0
395.0
1<^.0
1,822.8
1,656.0
164.0
-13.8
333.3
316.9
16.5
^2
112.0
123.1
114.9
124.8
124.7
110.9
104.4
112.9
105.3
114.0
113.1
110.4
7.6
10.2
9.6
10.8
11.6
-59.5
27.2
-52.0
-7.7
33.9
-16.1
426.3
453.5
401.5
393.3
427.7
411.7
431.0
455.5
387.3
394.1
420.6
4O8.7
-4.7
-2.0
126.3
129.3
147.0
142.6
153.9
122.3
115.0
119.0
132.1
126.8
129.5
107.1
11.8
10.4
14.9
-7.7
-26.4
-42.3
15.8
24.4
15.2
IS.l
-22.0
-24.6
404.0
377.6
335.2
353.3
331.3
30t..7
381.9
359.4
335.7
336.5
323.0
281.4
22.1
18.1
-.5
16.8
8.3
25.3
2,331.2
2,053.9
300.7
231.4
25.3
150.3
62.9
117.1
158.6
9i.3
52.3
43.9
53.6
56.9
51.1
51.8
119.2
102.9
104.7
160.6
131.9
97.7
57.8
51.1
51.3
81.1
66.3
70.5
61.1
51.5
53.1
.2
73.
.7
2,637.9
1,3U5.Z
1,257.0
52.
101.2
8.8
60.0
107.3
33.0
.2
.5
.2
.3
9.4
.3
.3
o5.2
13.9
35.1
Source: See Table 1.
1/ Includes nominal amounts of other receipts.
Preliminary.
p
Table
12.
-
Railroad Retirement Accounts
(In millions of dollars)
30':'.
7
478.8
231.4
Unexpended
balances
6.9
25.3
U.2
-.3
7.1
3.0
Auqust 1968
11
FEDERAL FISCAL OPERATIONS
Table
13.
-
Unemployment Trust Fund
Treasury Bulletin
12
FEDERAL FISCAL OPERATIONS,
Table
14.
-
National Service Life Insurance Fund
(In millions of dollars)
Aiiqust
1968
13
FEDERAL FISCAL OPERATIONS.
Table
15.
-
Investments of Specified Trust Accounts in Public Debt Securities, Agency Securities,
and Non-Federal Securities by Issues, as of June 30, 1968
(In millions of dollars)
Treasury Bulletin
14
.FEDERAL FISCAL OPERATIONS
Table
15.
-
Investments of Specified Trust Accounts in Public Debt Securities, Agency Securities,
and Non-Federal Securities by Issues, as of
(In millions of dollars)
Description of securities
June
30, 1968
-
(Continued)
Auqust 1968
15
FEDERAL OBLIGATIONS.
"Obligations" are the basis on which the use of funds is
controlled in the Federal Government.
I
They are recorded at the
at which the Government makes a firm commitment to
-;int
quire goods or services and are the first of the four key
vents
— order,
delivery, payment, consumption
terize the acquisition and use of resources.
— which
charac-
In general,
they
insist of orders placed, contracts awarded, services received
and similar transactions requiring the disbursement of money.
of categories which are based upon the nature of the trans-
action without regard to its ultimate purpose.
All payments
for salaries and wages, for example, are reported as personnel
compensation, whether the personal services are used in current
operations or in the construction of capi-tal items.
Federal agencies and firms often do business with one
another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.
In
The obligational stage of Government transactions is a
Tatle 1, obligations that are incurred within the Government
strategic point in gauging the impact of the Government's
are distinguished from those incurred outside the Government.
operations on the national economy, since it frequently repre-
Tables 2, 3, and 4 show on]y those incurred outside.
sents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the private
economy.
Obligations are classified according to
Obligation data for the administrative budget fund
accounts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published
in the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President's
a
uniform set
Commission on Budget Concepts.
16
Treasury Bulletin
FEDERAL OBLIGATIONS
Table
1.
-
Gross Obligations Incurred Within and Outside the Federal Government
by Object Class,
May
31,
1968
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel
30,612
2,335
2,186
Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent, communications, and utilities
Printing and reproduction
Other services
Supplies and materials
1,201
3,299
1,669
192
19,156
21,614
566
2,360
670
172
5,155
7,768
1,767
5,659
2,339
364
24,310
29,382
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
11,543
2,791
21,812
2,164
13,707
3,029
22,607
Grants and fixed charges
Grants, subsidies, and contributions
Insurance claims and indemnities
Interest and dividends
Refunds
22,100
35,654
13,068
867
Other
Undistributed U. 3, obligations
Obligations incurred abroad
Unvouchered
Gross obligations incurred 1/
Source: Reports on Obligations, Standard Forms 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incuried" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress. Summary figiires on this basis
follow.
(This data is on the basis of Reports on Obligations
Table
2.
-
30,612
4,823
2,186
237
795
23,116
35,654
15,202
867
260
5,901
17
1,163
1,781
196,274
28,470
1,424
7,682
17
224,745
received from the agencies prior to reports submitttd for Budget
presentation and therefore may differ somewhat from the Budget
document.
Gross obligations incurred (as above)
$224,745
Advances, reimbursements, other income, etc....
S2.011
Net obligations inciirred
172,733
Less than $500,000.
.
.
Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, May 31, 1968
(In millions of dollars)
17
August 1968
FEDERAL OBLIGATIONS.
a
a
c
>
O
O
V
Treasury Bulletin
18
FEDERAL OBLIGATIONS-.
u
c
S
c
u
>
o
O
..
August 1968
19
.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance
The account of the Treasurer of the United States re-
in the Treasurer's
the same bank.
Account
On occasions, to the extent authorized by the
flects not only budget receipts and expenditures but also
Treasury, banks are permitted to deposit in these accounts
deposit fund, and public debt transactions.
proceeds from subscriptions to public debt securities entered
trust,
The working cash of the Treasury is held mainly in
for their own account as well as -for the account of theii-
Treasurer's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted,
customers.
they are
The tax and loan account system permits the Treasury to
transferring) funds from the tax and
leave funds in banks and in the communities in which they arise
loan accounts with thousands of commercial banks throughout
until such time as the Treasury needs the funds for its opera-
the country.
tions.
restored by calling in
(
Deposits to tax and loan accounts occur in the normal
In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
course of business under a uniform procedure applicable to all
econoiny.
banks whereby customers of banks deposit with them tax pay-
A detailed description of the Treasury's depositary system
ments and funds for the purchase of Government securities.
may be found in the Annual Report of the Secretary of the
In most cases the transaction involves merely the transfer of
Treasury for 1955, pages 275-28^.
money from a customer's account to the tax and loan account in
Table
1.
-
Status of the Account of the Treasurer of the United States
(In millions of dollars)
Treasury operating balance
End of
fiscal year
or month
Available
fiinds in
Federal
Reserve
Bariks
Tax and loan
accounts in
special
depositaries
Gold
balance
in
Treasury
Total
operating
balance
Silver
balance,
coinage
metal,
coin, and
currency
1/
100
87
6,694
87?
45
275
183
6,011
6,011
6,007
5,108
6,692
5,975
6,115
5,564
1,136
1,149
1,168
1,136
1,090
1,061
46
27
46
57
47
U7
45
215
218
229
219
222
233
143
7,551
6,607
8,336
7,542
7,601
7,046
7,551
6,607
8,336
7,542
7,601
7,046
110
111
111
111
111
7,241
8,908
5,420
6,519
5,293
5,298
1,036
967
934
909
124
49
34
50
263
256
331
630
2U
8,821
10,359
6,847
8,442
6,506
6,694
8,821
10,359
6,847
8,442
6,506
6,694
111
6,012
7,095
7,095
1966-December.
il6
4,096
118
4,629
1967-Juay
August.
September
October.
November.
December.
l,3i0
1,051
.
778
697
1,581
1,123
4,552
3,937
5, 80S
5,171
4,407
4,329
lU
.
1968- January.
February.
5,977
7,601
4,727
5,372
4,225
4,113
111
March
April
May
June
1,153
1,197
581
1,035
956
1,074
July.
1,113
4,787
.
Total
assets
62
86
1,07-1
.
In other,
depositaries
234
233
370
577
352
534
775
1,159
768
i08
612
806
939
672
766
1,311
Reserve
Banks in
process of
collection
5,350
8,005
6,694
10,430
12,116
11,036
12,610
12,407
7,759
6,694
4,380
7,068
5,969
9,548
11,251
10,238
11,469
10,917
5,695
5,298
50/
etc.
Balance in
account of
Treasurer
of United
States
5,451
8,092
6,769
10,509
12,116
11,036
12,610
12,407
7,759
101
106
109
121
120
120
108
102
112
111
535
Unclassified
collections,
Liabilities
429
375
335
441
313
360
320
252
266
190
3,744
6,458
5,453
8,815
10,324
9,180
10,689
10,050
4,272
4,113
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
In Federal
120
107
107
126
112
Source: Daily Treasury statement.
1/ Includes reserves and other deposits of the Board of Trustees, Postal
Savings System, and uncollected items, exchanges, etc., through
December 1962. Effective January 1963 balances of the Postal Savings
System funds were transferred to deposit fund accounts and became
demand obligations of the Treasury. Balances of these funds, there-
306
253
179
63
58
U7
64
70
136
74 2/
U5
58
55
93
273
337
222
303
342
106
201
155
128
833
65
768
86
352
158
180
129
335
101
190
705
37
210
131
2/
75
7)
fore, are no longer liabilities within the general account of the
Treasurer.
Uncollected items, exchanges, etc., also previously shoxm
as liabilities were combined with "Unclassified collections, etc."
shown under assets.
Amounts shown, beginning January 1963, are net of uncollected items,
exchanges, etc. Previously these items were included under liabilities.
Treasury Bulletin
20
-ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table
2.
-
Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
During period
Proceeds from sales of securities 1/
Fiscal year
or month
Savings
bonds
and
savings
notes 2/
2.668
1959
1960
1961
1962
1963
X o7Q
,
2,787
2,725
2,699
2,760
2,635
2,70i
2,783
2,673
19U
1965
1966
1967
1968
1967- July
August
September.
October.
November
December.
222
232
208
21A
213
201
1968- January.
February.
March
April
May
June
272
2^1
221
200
July
230
.
.
.
.
.
.
Retirement
plan and
tax and
loss
bonds 2/
Withheld
excise,
and corporation 4/
Tax
anticipation
securities
7,581
7,78^
7,613
5,898
2,963
13,16i
7,920
1,788
3,774
3,830
2,0U
2,3i0
7,368
7,6i3
9,538
1,627
1,173
9,576
2,369
3,853
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the accoiint of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting subscriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
Taxes eligible for credit consist of those deposited by taxpayers in
2^/
the depositary banks, as follows: Withheld income taxes beginning
End o;'
period
3,7U
ligh
Low
Average
8,055
6,458
7,653
8,889
10,324
10,257
10,872
11,274
9,979
912
1,390
1,161
1,531
2,535
1,577
1,844
447
710
1,029
3,633
4,103
4,151
4,457
5,325
4,747
5,431
4,324
3,775
4,191
2,360
4,691
3,191
3,581
5,418
4,222
3,368
62,994
54,782
56,347
53,076
56,085
59,421
58,540
75,338
97,160
112,741
5,503
6,111
9,581
8 712
9,300
9,328
164
5,204
5,891
9,278
^^372
8,630
6,104
9,479
7,501
9,267
6,868
9,557
4,552
3,937
5,808
5,171
4,407
4,329
5,897
4,230
6,316
6,670
4,711
5,542
2,896
3,479
1,266
7,367
11,605
8,404
10,970
10,188
8,609
10,722
11,812
6,757
9,345
13,061
7,964
11,869
11,924
5,977
7,601
4,727
5,372
4,225
4,113
5,977
8,004
7,342
5,372
5,966
6,975
1,611
3,212
3,305
1,029
4,225
1,886
5,636
4,755
2,766
5,146
3,697
8,299
12,383
11,709
4,787
6,401
1,551
4,486
33,059
34,511
37,519
41,267
43,580
42,475
48,478
70,524
90,791
,
2,470
3,131
Total
credits
58,520
57,496
55,842
56,438
57,595
58,277
60,050
74,699
91,382
112,583
29,190
^'
3,212
Income (by
special
arrangement) 5j^
Withdrawals
5,919
6,053
9,142
6,521
6,835
9,921
12,598
14,522
9,257
6,458
5,453
8,815
10,324
9,180
10,689
10,050
4,272
4,113
8,004.
1,729
1,528
3,816
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; and to all corporation income taxes due on or after
March 15, 1968.
Under a special procedure begun in March 1951, authorization was given
during certain periods for income tax payments, or a portion of them,
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank.
This procedure
was discontinued in April 1967.
Less than $500,000.
.
.
s
,
August 1968
21
.ACCOUNT OF THE TREASURER OF THE UNITED STATES
Table
3.
-
Summary
of
Cash Transactions through the Account of the Treasurer
of the United States
(In millions of dollars)
Net cash transactions other than
borri-'wint.'
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
Cash
depo::it5'
Cash withdrawals 1/
Excess of deposits,
or withdrawals (-)
Clearing
accounts
2/
5,413
3,186
536
5,340
4,124
-208
-944
1,729
-794
185
-555
-594
-94
-932
-1,558
-2,348
-1,942
3,589
-4,457
4,623
3,333
3,886
-1,570
-1,994
2,521
-4,435
1,775
1,539
-3,512
1,595
-1,936
188
725
-3,060
3,461
1967- July
August.
September.
October.
November
December.
10,232
13,238
14,787
9,459
12,232
12,130
13,873
18,411
13,197
16,085
16,529
12,289
-3,641
-5,122
1,590
-6,627
-4,248
-159
-1,930
993
-397
493
IS 68- January.
13,284
-1,274
-3,133
-2,255
4,182
-4,363
-284
-3,784
121, 56i
125,464
.
.
.
.
February.
March
April
May
June
13,796
14,103
19,597
14,558
17,516
15,001
14,614
18,466
14,042
July
1
3,'"'12
17,686
.
l':,7i'
5,555
Source: Actual figures are based on the daily Treasury statement. Figxires
in the first four columns of this table may differ somewhat from those
originally publisheti in the daily Treasury statement because of subsequent reclassification of certain transactions.
Table
4.
-
'
-5,621
-4,129
1,193
-6,134
-4,065
-740
U2,191
164,591
184,581
lU,45i
:
-4,399
2,654
-1,311
3,736
1,686
-1,080
1,575
-203
-4,648
-1,065
163,036
165,086
loj.gii
93,736
93,817
97,774
112,188
118,477
124,047
126,395
Equals
Treasurer
account balance, increase, or decrease (-)
8,032
1,301
76
8,755
4,670
2,895
3,089
1,968
-3,747
20,525
141,CK-5
1960
1961
1962
1963
1964
196;
1966
196?
1968
borrowing (-)
-12,430
1,353
-1,387
-5,018
-2,984
-3,975
-1,515
-2,171
-901
-21,590
-12,124
1,044
-877
-6,278
-4,023
-2,485
-931
-1,095
-1,555
-19,495
^1,61?
19 ^9
Plus:
Net cash borrowing, or repayment of
Total net
transactions
-30i,
309
-510
1,25''
1,03'-
-1,491
-584
-1,075
654
-2,095
183
-581
785
313
X/
2/
59
401
Beginning with the February 1963 Bulletin, figures have been revised,
as shown in daily Treasury statements beginning January 2, 1963, to
exclude transactions of clearing accounts.
Previously included \jnder cash withdrawals. See footnote 1.
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Gold assets 1/
Liabilities:
Gold certificates
etc.
2,/
Balance of gold in
Treasury Bulletin
22
.MONETARY STATISTICS,
Table
1. -
Money
in
Circulation
.. .
..
.
August 1968
23
DEBT OUTSTANDING
Table
1.
Summary
-
of Public Debt and
Guaranteed Agency Securities
(In millions of dollars)
Interest-bearing debt
Total outstanding
Matijred debt and debt bearing no interest
Public debt
End of
fiscal year
or month
Public
debt Z^
Total 1/
Guaranteed
securities
Public
debt
306,466
312,526
317,854
320,369
326,733
348,147
284,706
286,331
288,971
298,201
305,860
311,713
317,274
319,907
326,221
347,578
140
240
444
607
813
590
462
512
569
329,814
329,319
495
1967-July
August. .
September.
October.
November
December.
331,158
336,374
336,418
341,027
345,634
345,208
330,637
335,850
335,896
340,502
345,090
344,663
1968- January..
February.
March
April
May
June
346,813
352,107
350,033
347,545
352,863
348,147
July
351,652
iS.i,817
286,471
289,211
298, 6i5
1966-Deceraber
.
.
.
.
•
Special notes to
International
Monetary
fund
1/4/
1/'
1959
1960
1961
1962
1963
196i
1965
1966
1967
1968
Guaranteed
securities
111
3U,969
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401
325,516
521
524
523
525
544
545
346,259
351,556
349,473
346,984
352,294
347,578
351,078
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
110
139
240
444
605
812
589
512
568
3,935
3,178
349
438
310
295
292
308
284
254
325,021
494
4,298
4,298
?.bh
3,669
327,653
332,933
332,968
337,566
342,114
341,738
327,132
332,409
3,505
3,4a
3,505
3,441
3,451
3,461
3,520
3,470
3,460
3,520
3,469
241
178
192
209
270
260
2,947
2,947
2,942
2,937
2,937
2,892
316
31o
315
337,041
341,570
341,194
521
524
521
524
544
545
554
552
561
561
569
569
343,365
348,865
346,696
553
551
560
561
568
568
3,448
3,242
3,337
3,370
3,392
3.178
3,U7
3,370
3,392
3,178
253
267
226
275
300
254
2,878
2,658
2,638
2,619
2,614
2,209
31"
349,471
344,969
342,312
348,314
346,136
343,615
348,902
344,401
574
348,514
347,940
573
3,138
3,138
240
2,197
3U,176
332,
U7
460'
3/
^
5/
*
2.
-
1,979
476
445
Other
i/'
2,873
3,090
3,299
3,759
3,906
4,356
4,161
4,476
6)
Table
InterAmerican
Development Bank
2,873
3,090
3,300
3,759
3,907
4,357
4,163
4,477
3,935
3,178
Source: Daily Treasury statement.
1/ Includes certain debt not subject to statutory limitatio.n.
Includes debt incurred for advances to certain wholly owned Government
agencies in exchange for which their securities were issued to the
Treasury (see Table
International
Development
Association
Computed
Interest Charge and
3,U9
3,242
3,337
Guaranteed
securities 2/^
(matured)
417
407
2,238
2,496
2,667
2,922
3,289
3,167
3,614
3,328
2,209
58
115
129
142
133
396
55
125
150
150
64
132
25
434
420
480
414
359
123
715
333
n5
313
317
317
472
476
478
715
701
Held outside the Treasury.
Consists of Federal Housing Administration debentures and beginning
July 1959 D. C. Armory Board stadium bonds.
For current month detail, see "Statutory Debt Limitation," Table 2.
Less than $500,000.
Computed
Interest Rate on Federal Securities
(Dollar amounts in millions)
Total interest-bearing securities
End of
fiscal year
or month
Amount
outstanding
Public debt
and guaranteed securities 1/
Public
debt
Public debt
and guaranteed securities 1/
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
281,944
283,380
285,911
294,886
302,559
308,169
313,702
315,892
322,798
344,969
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401
9,320
8,769
9,534
10,141
10,931
11,488
12,533
12,972
1966-December.
325,516
325,021
1967-July
August. .
September
October.
November.
December.
8,00''
5,426
13,665
13,646
4.225
4.225
4.459
5.538
5.250
4.584
3.666
3.742
3.765
3.726
5.250
4.763
4.910
4.910
4.937
5.073
5.073
3.686
3.687
3.687
3.687
3.689
3.689
3.761
3.764
3.771
3.782
3.821
3.817
3.863
3.907
3.905
3.907
3.922
3.932
3.765
3.766
3.770
3.774
3.779
3.786
5.073
3.689
3.687
3.681
3.822
3.830
3.837
3.850
3.863
3.876
3.905
3.930
3.930
3.962
4.012
4.133
3.792
3.795
3.803
3.806
3.817
3.818
3.681
3.873
4.139
3. 809
3U,401
14,722
15,112
15,037
15,011
15,534
15,404
4.322
4.365
4.371
4.395
4.480
4.499
4.322
4.366
4.371
4,395
4.480
4.499
4-552
4.609
4.615
4.644
4.756
4.757
5.259
5.324
5.360
5.479
5.638
5.711
347,940
15,653
15,631
4.521
4.521
June
3U,969
July
348,514
2.619
2.639
2.829
3-122
3.344
3.471
3.642
3.655
3.686
3.681
3.800
4.134
4.165
4.757
3.285
3.425
3.559
15,133
15,058
15,033
15,556
15,426
May
marketTreasury able
bonds
issues 4/
Certificates
Guaranteed
Special securiissues
ties
1/
2.842
4.721
3.073
3.377
3.283
U,458
U,554
U,574
13,222
13,588
13,678
13,997
Non-
316
3.815
2.584
2.926
3.081
3.729
4.054
4-845
4-350
5-711
3.
4.452
4.532
4.668
4.806
4.980
5.135
U,743
5.
2/
4-196
4.253
4.293
4.348
4.457
4.505
342,812
348, 3U
346,136
343,615
348,902
Footnotes at end of Table
2.891
3.449
3.063
Bills
4.063
4.109
4.137
4.177
4.258
4.292
343,365
348,865
346,696
344,176
349,471
—
Total
2/
4.063
4.109
4.137
4.177
4.258
4.292
13,241
13,607
13,697
14,017
14,478
1968- January
February.
March
April
2.867
3.297
Total
public
debt
10,119
10,900
11,467
12,516
12,953
15,404
:
8,066
9,316
8,761
9,519
Marketable issues
3.072
3.240
3.361
3.561
3.678
3.988
4.039
4.499
327,132
332,409
332,447
337,041
3a, 570
341,194
.
Public
debt
Public debt
Total
interestbearing
securities
2.867
3.297
3.072
3.239
3.360
3.550
3.678
3.988
4.039
4.499
327,653
332,933
332,968
337,566
342,114
341,738
.
Computed annual interest rate
Computed annual
interest charge
4.784 5.740
4.851
5.250
3.304
4.053
3.704
3.680
3.921
3.854
3.842
4.321
4.764
5.294
5.U1
5.U0
5.151
5.294
5.294
5.294
3-687
3.687
3.681
2.925
3.219
3.330
3.364
3.412
3.462
3.493
3.713
3.745
3.876
2.694
2.772
2.803
2.891
3.003
3.238
3.372
3.693
3.854
4.133
2.628
2.681
3.144
3.500
3.658
3.782
3.660
3.632
3.756
3.818
Treasury Bulletin
24
DEBT OUTSTANDING,
Table
3.
-
Interest-Bearing Public Debt
(in millions of dollars)
Publ ic issues
End of
fiscal year
or month
Total
interestbearing
public
debt
281,833
283, 2il
285,672
1959
1960
1961
1962
1963
29i,U2
301,954
307,357
313,113
315, i31
322,286
196/1
1965
1966
1967
1968
3U,401
1966-December
onmarke table
I4arketable
Total
public
Certificates
Total
237,078
238,342
240,629
249,503
257,153
260,729
264,463
264,311
266,131
284,874
178,027
183,845
187,148
196,072
203,508
206,489
208,695
209,127
210,672
226,592
32,017
33,415
36,723
42,036
47,230
50,740
53,665
54,929
58,535
64,440
33,843
17,650
13,338
13,547
22 lb9
,
1,652
5,610
27,314
51,483
56,257
65,464
52,145
67,284
52,549
50,649
49,108
71,073
Treasury
bonds,
savings investbonds
ment
series
Treasury
bonds 2^
Total
84,853
81,297
80,830
75,025
81,964
88,464
102,481
101,897
97,418
91,079
59,050
54,497
53,481
53,431
53,645
54,240
55,768
55,183
55,459
58,282
50,503
47,544
47, 5U
47,607
48,314
49,299
50,043
50,537
51,213
51,712
8,365
6,783
5,830
4,727
3,921
3,546
3,256
2,692
2,589
2,516
Depositary
bonds
183
170
117
138
103
103
59
44
45
30
Foreign
series
securities 2/
Foreign
currency
series
securities 2/
Special
other
issues
4/
97
282
44,756
44,899
45,043
44,939
44,801
46,627
48,650
51,120
56,155
59,526
19
860
648
392
1,132
817
624
2,001
75
25
29
68
141
137
630
832
1,137
957
890
1,740
325,021
273,028
218,025
64,684
5,919
48,271
99,151
55,003
50,752
2,656
45
593
860
96
51,993
1967-July
August.
September
October .
November .
December.
327,132
332,409
214,968
218,258
218,637
223,271
226,081
226,476
62,844
63,344
63,746
68,854
69,453
69,870
5,611
49,119
57,549
57,553
57,104
61,360
61,362'
97,394
97,364
97,338
97,313
95,268
95,244
55,955
55,842
56,070
56,603
58,118
57,484
51,323
51,376
51,413
51,510
51,588
51,581
2,577
2,571
2,568
2,560
2,559
2,555
46
46
46
44
44
44
894
337,041
341,570
341,194
270,924
274,100
274,707
279,874
284,198
283,960
1,226
2,587
1,944
1,016
1,015
1,015
1,139
1,200
1,200
100
92
104
123
141
160
56,209
58,309
57,739
57,167
57,372
57,234
1968- January.
February.
March
April
May
June
342,812
348,314
346,136
343,615
348,902
344,401
286,882
291,072
289,425
286,658
289,746
284,874
229,285
233,273
231,651
228,718
231,761
226,592
72,706
72,905
71,300
68,589
69,587
64,440
61,365
66,719
66,727
66,534
71,070
71,073
95,214
93,649
93,623
93,596
91,104
91,079
57,597
57,799
57,774
57,939
57,985
58,282
51,589
51,629
51,642
51,648
51,693
51,712
2,553
2,552
2,545
2,527
2,517
2,516
31
31
31
31
31
30
1,852
1,995
1,844
1,876
1,866
2,001
1,390
1,390
1,490
1,615
1,615
1,740
182
201
221
242
263
282
55,930
57,242
56,711
56,957
59,156
59,526
July
347,940
289,055
230,977
68,858
71,075
91.044
58,078
51.732
2,514
30
1,582
1,931
289
58,885
,
.
.
.
.
332, U7
Source: Daily Treasury statement.
1/ Includes $50 million of Panama Canal bonds for fiscal years 1959-60.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U. 3. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of indebted-
Table
4.
-
742
923
ness Treasury bonds beginning October 19b2 and Treasury notes beginning
November 1966 issued and payable in designated foreign currencies.
Includes Treasury bonds. Rural Electrification Administration series
beginning July 1960; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1963; Treasury bonds beginning
January 1964; and U. S. savings notes beginning May 1967.
;
;
V
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
1/
(In millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
1 - 5
years
5 - 10
years
10 - 20
years
20 years
and over
Average
..
....
August 1968
25
DEBT OUTSTANDING.
Table
5.
-
Special Public Debt Issues
Un
Exchange
Stabilization
Fund
End of
fiscal year
or month
1959
,756
,899
,0i3
,939
,801
,627
650
,120
,155
,526
1960
1961
1962
1963
1964
1965
1966
1967
1968
Federal
Deposit
Insurance
Corporation
108
292
232
560
629
694
556
500
260
270
312
57
833
722
174
85
Federal
Federal
Federal Old-Age
Disability
home
and
Insurance
Survivors
loan
Trust
Insurance
banks
Fund
Trust Fund
1,533
165
2,017
2,299
2,304
2,165
1,903
1,563
1,150
1,376
1,891
59
50
74
372
82
100
15,261
U,577
1,127
1,107
1,071
1,028
1,003
956
933
938
814
876
429
609
265
238
722
978
1
234
436
678
Railroad
Retirement
Accounts
3,a7
Unen5>loy-
ment
Trust
Fund
Other
1/
5,783
5,909
6,113
5,744
5,856
3,586
3,504
3,316
2,786
2,969
3,123
3,277
3,339
3,303
5,636
5,580
4,625
4,657
4,803
4,931
5,799
7,075
7,785
8,807
126
138
192
182
155
172
287
974
1,994
5,742
5,803
5,759
5,804
5,7U
52
17,840
19,221
36
1,126
929
15,099
93
15,324
825
29
5,868
2,886
7,735
1,188
52
52
17,820
19,087
18,668
18,485
18,566
18,610
15,639
15,704
15,806
15,826
15,842
15,804
897
894
891
886
631
737
711
512
550
508
3,253
3,290
3,237
3,165
3,160
3,088
7,697
8,242
8,295
8,178
883
877
5,773
5,776
5,812
5,819
5,840
5,804
8,501
1,907
1,878
1,798
1,756
1,690
1,651
873
868
862
856
850
876
544
730
733
718
1,023
978
5,726
5,716
5,706
5,682
5,673
5,856
2,971
2,930
2,896
2,819
3,276
3,303
8,274
8,560
8,328
8,076
8,809
8,807
1,707
1,747
1,737
1,752
1,871
1,841
902
5,843
3,245
8,685
2,206
1,052
1,096
900
919
800
836
80
84
84
87
84
84
1,404
1,470
1,488
1,484
1,461
1,419
52
52
1968- January.
February.
903
922
155
148
1,316
1,409
52
52
March
April
May
June
55,930
57,2i2
56,711
56,957
59,156
59,526
652
8^0
781
722
148
153
173
174
1,513
1,624
1,784
1,891
52
52
52
152
July
58,885
175
1,985
52
.
U,221
U,799
9,397
10,414
11,382
12,438
13,530
National
Service
Life
Insurance
Fund
152
56,209
58,309
57,739
57,167
57,372
57,23a
,
8,608
116
104
138
182
98
332
287
223
Highway
Trust
Fund
15,189
15,569
15,668
1967-July
August.
September.
October. .
November.
December.
.
17,227
16,413
16,200
15,074
GovernFederal
ment
employees'
Life
retirement
Insurance
funds
Fund
U,403
891
.
Federal
Savings
and Loan
Insurance
Corpora
tion
924
993
1966-Deceraber
millions of dollars)
50
52
17,582
18,284
18,167
18,379
19,441
19,221
10
18
30
95
100
36
15,816
15,858
15,887
15,913
15,323
15,668
19,173
25
15,726
Reopened Insilrance Fund beginning May 1965; Federal Hospital Insurance
Trust Fund beginning February 1966; Federal Supplementary Medical
Insurance Trust Fund beginning July 1966; and Export-Import Bank of the
United States beginning February 1967.
Source: Daily Treasury statement.
Postal Savings System through 1962: various housing
1/ Consists of:
insurance fiinds; Veterans' Special Term Insurance Fund; Veterans'
Footnotes to Table
Source: On the basis of the daily Treasury statement.
Note:
The computed annual interest charge represents the ainount of
interest that would be paid if each interest-bearing issue outstanding at the end of each month or year should remain outstanding for a
year at the applicable annual rate of interest. The charge is computed for each issue by applying the appropriate annual interest rate
to the ainount outstanding on that date (the ainount actually borrowed
in the case of securities sold at a premium or discount, beginning
with .May I960). The aggregate charge for all interest-bearing issues
constitutes the total computed annual interest charge. The average
annual interest rate is computed by dividing the computed annual
8,4U
1,8a
1/
2/
^
4/
2
interest charge for the total, or for any group of issues, by the
corresponding principal amount. Beginning with data for December 31,
1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
Guaranteed securities included are those held outside the Treasury.
Total includes "Other bonds" through 1960; see Table 3.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied against
the amount outstanding.
Treasury Bulletin
26
DEBT OUTSTANDING
Table
6.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Agriculture Department
Agency
for
International
Knd of
fiscal year
or month
Lievelopment 1/
Commodity
Credit
Corporation
Rural
Electrification
Administration
362
1,403
371
3,629
1,864
25
100
125
1,730
1,965
4,518
4,518
4,618
4,618
4,686
4,597
1,431
1,434
1,428
1,428
1,432
1,421
48
204
251
429
455
2,670
2,737
2,737
2,737
2,802
2,452
1,438
1,684
2,032
1,787
1,922
1,701
25
25
25
25
25
25
100
100
100
100
100
100
125
125
125
125
125
125
1,730
1,730
1,730
1,730
1,730
1,730
1,854
1,824
1,815
1,817
1,817
1,817
100
9,956
10,252
10,886
11,413
11,792
11,989
4,694
4,694
4,794
4,794
4,894
4,770
1,434
1,428
1,393
1,409
1,972
2,0i7
2,047
1,862
1,862
1,937
1,685
1,902
1,831
1,770
1,968
1,950
25
25
1,454
412
618
864
807
918
362
100
100
100
100
100
100
125
126
127
129
129
129
1,730
1,730
1,730
1,730
1,730
1,730
1,832
1,835
1,847
1,849
1,849
1,854
103
106
110
113
116
118
9,153
4,770
l,42t.
501
1,937
2,138
100
129
1,730
1,874
123
1,235
1,436
1,415
1,454
513
178
4,360
8,519
9,209
9,650
10,003
8,890
9,772
648
648
648
648
648
638
634
675
9,704
1967-July
August.
September
October.
November.
December.
23,162
24,187
25,219
25,377
24,717
24,947
662
662
662
662
662
652
1968- January .
February.
March
April
May
June
24, 716
25,510
26,392
26,633
27,461
27,040
July
24, 529
12,99J3
1,830
1,476
830
1,U5
Source: Daily Treasury statement.
Note
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agencies
to borrow from the Treasury. Further detail may be found in the 1967
Annual Report of the Secretary of the Treasury, pages 769-72, and the
1967 Combined Statement of Receipts, Expenditures and Balances of the
United States Government, pages 551-3.
And
predecessor agencies. Beginning fiscal 1957 figures exclude notes
1/
previously issued by the Administrator in connection with informational
media giiaranties. 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."
Farm
housing and other loan programs, and Agricultural Credit Insurance
2/
Fund (formerly Farm Tenant Mortgage Insurance Fund).
Includes securities transferred from the Reconstruction Finance Corporation.
Consists of notes issued to borrow for: The urban reneiral program
4/^
(formerly slum clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the
:
^
^
Corp.
100
100
100
1,^8
26,030
.
1,950
1,970
1,964
1,976
1,923
2,019
2,056
2,023
1,850
1,854
8/
10
25
10
456
854
1,027
1,170
1966-Deceraber.
.
930
1,180
1,330
1,530
1,730
1,730
1,730
1,730
1,730
1,730
Other
112
118
121
121
123
123
124
125
125
129
13,599
13,990
13,111
11,768
10,097
11,989
.
Under
Defense
Production
Act
of 1950
2/
27
29,166
29,2il
28,35i
26,964
24,611
27,040
.
Saint
Lawrence
Seaway
Development
Veterans'
Administration:
Direct
loan
program
2,351
2,338
3,202
3,167
2,716
2,393
1,899
1,466
1,329
1,950
2,923
3,155
3,332
3,484
3,657
3,828
4,075
4,234
4,518
4,770
"
Transportation
Dept.
730
977
1,213
1,567
2,005
2,302
2,753
3,133
2,670
1,937
1,937
1,636
12,874
12,704
11,534
28,63-1
Tennessee
Valley
Authority
^
323
369
1,164
1,138
1,107
1,062
807
735
712
689
662
638
25,343
25,636
2d, Oil
1959
19bO
1961
1962
1963
196A
1965
1966
1967
1968
Secretary:
Farmers
Home
Administration
programs
2/
Housing and Urban
Development Department
ExportImport
Bank of
Federal
the
National
Other
Secretary
United
Mortgage
6/
States
Association
2/
6/
7/
8/
29
32
32
25
15
10
10
10
50
85
95
22
21
22
22
29
35
51
72
90
118
90
91
93
94
96
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association \inder 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 1959-1963; Federal Housing Administration beginning January 1966.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration); the Export-Import Bank of Washington through March 1962;
and the Secretary of the Treasury.
Consists of notes issued by the: United States Information Agency for
informational media guaranties (see footnote 1); Secretary of Commerce
(Maritime Administration) for the Federal Ship Mortgage Insurance
Fimd, fiscal years 1959-61 and 1963-65, beginning March 1963; Virgin
Islands Corporation beginning fiscal 1960; District of Columbia
Commissioners for the Stadium Sinking Fund beginning June 1962
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964, and (Bureau of
Commercial Fisheries for Federal Ship Mortgage Insiirance Fund
beginning January 1966-May 1967; and revenue bonds for Smithsonian
Institution (John F. Kennedy Center Parking Facilities) beginning
July 1968.
)
...
August 1968
27
.DEBT OUTSTANDING,
Table
7.
-
Interest-Bearing Securities Issued by Government Agencies
(l:.
Defense
Department
millions of dollars)
Housing and Urban Development Tepartrent
Federal National Mortgage Assoc
End of
fiscal year
or month
iotal
5,048
6,695
6,463
7,948
8,089
8,640
9,334
13,374
18,455r
24,407
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968p
1967-June
July
August.
September.
October.
November
December.
.
.
.
.
1968-January. .
February.
March
April
May
June p.
.
.
.
Family
housing
mortgages
1,045
1,497
1,853
2,151
2,234
2,247
2,181
2,109
2,036r
1,951
Federal
Housing
Administration
Participation
Sales Fund
110
139
220
424
586
793
570
441
492
548
300
2,110
4,830
7,900
Secondary
market
operations
1,290
2,285
2,199
2,558
1,961
1,699
1,797
3,269
4,079
5,887
Other indcfpendert agencies
i
-^tir'n
Other
Export-Import
Bank of the
United
States
797
797
Farm Credit
Administration
Banks for
cooperatives
2,571
315
3'A
387
467
469
525
709
881
1,072
1,244
300
520
827
1,022
1,385
-'^,164
18,455r
2,036r
492
4,830
4,079
2,164
1,072
13, 56!^
18,582
18,368
18,810
18,835
20,206
2,033
2,027
2,021
2,015
2,007
2,001
501
504
503
505
524
525
4,795
4,795
4,795
4,795
4,765
5,740
4,070
4,050
3,927
4,433
4,543
4,919
2,161
2,133
2,066
2,054
1,965
1,975
1,102
1,124
1,124
1,167
1,227
1,^83
21,640
21,741
22,027
23,384
23,505r
24.407
1,995
1,988
1,982
1,976
l,971r
1,951
534
531
541
541
549
6,990
6,990
6,990
7,970
7,970
7,900
5,087
5,149
5,482
5,650
5,648
5.887
1,967
1,842
1,700
1,855
1,887
2,571
1,283
1,357
1,394
1,359
1,312
548
1,2a
28
Treasurij Bulletin
.STATUTORY DEBT LIMIT ATIONThe Second Liberty Bond Act (31 U.S.C. 757b), as amended
by the Act of June 30, 1967 (Public Law 90-39), provides that
the face amount of obligations Issued under authority of that
Act, and the face amount of obligations guaranteed as to
principal and interest by the United States, shall not exceed
in the aggregate $358 billion outstanding at any one time.
In addition, the Act provides that the face amount of
beneficial Interests and participations Issued under section
302(c) of the Federal National Mortgage Association Charter Act
Table
1.
-
(12 U.S.C. 1717(c)) during the fiscal year 1968 and outstanding at any time shall be added to the amount otherwise
taken into account in determining whether the requirements of
the above provisions are met.
Public Law 90-39 also provides that effective July
Status Under Limitation July
31, 1968
(In millions of dollars)
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)
365,000
Amounts outstanding subject to statutory debt limitation:
U.S. Government securities issued under the Second Liberty Bond Act, as amended.
Guaranteed debt of U.S. Government agencies
Participation certificates (12 U.S.C. 1717(c))
350,438
574
3,250
Total amount outstanding subject to statutory debt limitation
1U,7J8
Balance issuable under limitation
Table
2.
-
Application of Statutory Limitation July
31,
1968
(In millions of dollars)
Total
outstanding
Classification
Public debt:
Interest-bearing debt:
Public issues marketable:
Treasury bills
Treasury notes
Treasury bonds
—
Total public issues
68,858
71 , 075
91,0.V,
— marketable
230 ,977
—
'
Public issues nonmarketable
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes:
Foreign series
Foreign currency series
Treasury bonds:
Foreign series
Treasury certificates
U.S. savings bonds
U.S. savings notes
U.S. retirement plan bonds
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds , investment series
Total public issues
^60
^07
^ 008
524
2.
114
]^/
Y^2
52^
226
27
3q
23
51 /
2
— nonmarketable
eg Qng
Special issues to Government agencies and trust funds
58^885
Total interest-bearing debt
3^7 q^Q
Matured debt on which interest has ceased
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund series
Mortgage Guaranty Insurance Company Tax and Loss Bonds
U.S. savings stamps
Excess profits tax refund bonds
U.S. notes
Deposits for retirement of national bank and Federal Reserve bank notes
Silver certificates
Other debt bearing no interest
Total debt bearing no interest
240
^=
'
2 197
'
/
.1.. ..... .....
.
Kg
1
^2i
............[
.......... .....[
79
225
'
-1
2 898
Total public debt
IsToTs"
Giiaranteed debt of U.S. government agencies:
Interest-bearing debt
Matured debt on which interest has ceased
cr^-.
^^
Total guaranteed debt of U.S. government agencies
Total public debt and guaranteed debt
.7/
351 6?2~
Deduct debt not subject to limitation
oO~
Add participation certificates
3
Total subject to limitation
Source:
Daily Treasury statement.
250
354 262~
*
Less than $500,000.
1,
1968, and each July 1 thereafter, the public debt limit shill
be temporarily increased by #7 billion dxiring the period beginning on such July 1 and ending on June 29 of the succeeding calendar year.
August 1968
29
.PUBLIC
Table
1.
-
DEBT OPERATIONS.
Maturity Schedule of Interest-Bearing Public Marketable Securities
Outstanding July 31, 1968
Other than Regular Weekly and Annual Treasury BUls
Treasury Bulletin
30
.PUBLIC
DEBT OPERATIONS.
Maturity Schedule of Interest- Bearing Public Marketable Securities
Outstanding July 31, 1968
Other than Regular Weekly and Annual Treasury Bills • (Continued)
Table
1.
-
(,lii
millions of aollars)
:
5
.
August 1968
31
.PUBLIC
Table
2.
-
DEBT OPERATIONS,
Offerings of Treasury Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
Amount of bids accepted
Amount
maturing on
issue date
of new
offering
Total of
unmatured
issues outstanding after
new issues
Number of
days to
maturity 1/
Amount of
bids
tendered
92
1S2
2,178.9
1,601.0
1,600.4
1,000.4
1,331.1
882.2
118.3
397.1
252.1
1,501.2
1,000.3
20,122.6
26,026.0
91
On competitive basis
Total
amount
On noncompeti-l In
tive basis 2^' 11 exchange
Regular weekly
(13-week and 26-week)
1968- Apr.
4
•1968-July
Oct.
Apr.
11
July
Oct.
11
10
182
2,394.7
1,883.5
1,600.5
1,000.5
1,288-5
866.2
311-9
134.3
311.0
172.7
1,502.5
1,000.8
20,220.6
26,025.7
July
18
Oct.
18
17
91
182
3,256.1
2,492.5
1,602.5
1,102.6
1,325-8
Apr.
961-8
:76-6
140.9
386.4
224.0
1,502.2
1,000.1
20,320.9
26,128.2
Apr.
25
Oct.
25
2A
91
182
2,614.0
2,328.1
1,601.0
1,100.7
1,308.8
953.8
292.2
146.8
395.5
281.7
1,503.5
1,000.8
20,418.4
26,228.1
1
91
31
182
2,704.0
1,966.2
1,600.4
1,100.1
1,324-4
966.8
276.0
133.4
416.6
272.3
1,500.2
999.9
20,518.6
26.328.3
91
182
2,493.6
2,176.3
1,600.3
1,101.6
1,345.7
980.9
254-6
120.7
340.1
240.0
1,501.4
1,000.6
20,617.5
26,429.3
91
July
May
2
Aug.
Oct.
May
Aug.
Nov.
8
9
16
Aug
Nov.
15
May
U
182
2,416.8
2,064.9
1,600.0
1,101.1
1,336.4
967.5
263.6
133-6
326.3
252.2
1,501.3
999.9
20,716.2
26,530.4
22
21
91
182
2,149.8
1,600.7
1,100.1
1,357.1
985-6
243-6
23
Aug.
Nov.
2,526.:
May
lU-5
383.9
302.6
1,500.9
1,000.0
20,816.0
26.630.5
31
Aug.
Nov.
29
29
90
182
2,291.6
2,154-2
1,600.0
1,099-8
1,341-9
962.4
258-1
137-4
395.2
261.3
1,600.6
1,002.6
20. 815. -5
May
June
6
Sept.
Dec.
91
182
2,409.8
2,365-3
1,600.4
1,099.4
1,349.2
979.5
251-2
120.0
362.0
232.6
1,601.6
1,000.6
20,814.3
26,826.5
June
13
Sept. 12
12
Deo.
91
182
2,628.2
2,041.0
1,600.5
1,100.1
1,322.5
969.4
278.0
130.7
446.9
263-5
1,600.1
1,000.4
20,814-6
26,926-3
June
20
Sept. 19
Dec.
19
91
182
2,590.1
1,968.5
1,600.5
1,100.9
1,316.1
958.0
284-3
142-8
426.8
304.5
1,600.2
1,006-1
20,814-9
27,021-0
27
Sept.
Dec
26
26
91
182
2,375-2
1,967-9
1,600.0
1,105.0
1,319.5
952.3
280.
June
152.7
432.7
303.7
1,607-7
1,003.3
20,807.2
27,122.8
July
5
Oct.
1969- Jan.
2
181
1,981.4
1,100.5
966.9
27Q.3
133-6
301.9
1,001.0
27,222.3
'l968-0ct.
10
2,637.1
1,995-7
1,601.5
1,102.0
1,286.6
942.7
314.9
159.3
303.6
243.7
1,600.5
1,001.9
20,808.8
27,322.4
.
7
00
1
,601
.1
1
,3?T .8
26,727.7
1,600./.
July
11
1°69-Jan.
9
91
182
July
18
1968-Oct.
1969- Jan.
17
16
91
182
2,625-3
2,475.7
1,601.1
1,100.6
1,289.9
961.9
311.1
138.8
473.1
252.4
1,602.5
1,000.8
20,807.5
27,422.3
July
25
1968-Oct.
1969- Jan.
24
23
91
182
2,868.6
2,365.4
1,601.1
1,100.2
1,289.2
964.9
311.9
135.3
42^.1
302.7
1,601.0
1,002.4
20,807.6
27,520.1
Apr.
24
22
256
285
4,210.3
4,025.9
2,014.8
2,003.0
1,736.5
1,769.2
278.3
233.8
l968-Apr.
July
30
31
274
366
1,196.7
2,587.5
500.3
1,000.6
481-5
953.3
18.8
47.3
60.2
240.7
500.4
994.8
4,503.4
11,111.2
31
31
274
366
1,297.3
1,901.1
500.7
1,000.3
4V9.9
957.9
20.8
42.4
150.7
225.5
500.7
1,000.1
4,503.4
11,111.5
June 30
Sept. 30
272
366
1,255-5
1,740.7
500.0
1,000.2
478.4
943.3
21.6
56.9
118.4
230.4
500.0
900.1
4,503.4
11,211.6
July
501.1
Tax anticipation
1968-July
:
(1969-Mar
11
9-month and one-year
1967- July
31
Aug.
31
Sept.
30
Oct.
31
Nov.
.
2,014.8
4,017.8
:
May
Aug.
Oct.
31
31
274
366
1,282.0
2,073.6
500.5
1,001.8
485.6
962.0
15-0
39-8
120.6
211.8
904.6
4,502.8
11,308.7
Aug.
Nov.
31
30
275
366
1,263.7
1,767-0
500.2
1,000.3
483-9
965-9
16.2
30
34-4
75.7
225.9
500.0
903.5
4,503.0
11,408.5
Deo.
31
Sept. 30
Dec.
31
272
366
1,137.1
1,492.9
500.2
999.9
483-2
953-6
17-0
46-3
188.6
271.4
500.1
901.0
4,503.1
11,507.4
1968-Jan.
Oct.
31
31
274
366
1,209.2
1,604.2
500.2
1,000.1
485-4
956-3
14-8
43-8
163.5
31
281.0
500.4
901.0
4,502.8
11,606.5
Feb.
29
1969-Feb.
30
28
275
365
1,348.3
1,519-5
500.3
1,001.8
484-4
973-6
15-9
28-1
150.3
250.9
500.0
901.0
4,503.1
11,707.3
Mar.
31
fi968-Dec.
|1969-Mar.
31
31
274
1,119.7
1,522.7
499-5
1,000.1
484-3
968.2
15-2
31-9
160.5
263.8
500.3
9 00.0
4,502.3
11,807.3
31
30
365
1,439-5
2,304-6
500.4
1,000.8
483.2
962.5
17-2
38-3
150.2
274.1
500.3
30
Jan.
Apr.
276
Apr.
902.0
4,502.4
11,906.1
May
Feb.
31
28
31
273
365
1,140.2
1,861.3
500.4
1,002.2
486.5
973.7
U-0
May
28.5
150.2
280.5
500.7
900.1
June
30
Mar.
31
June
30
273
365
1,200.2
2,205.1
500.3
1,001.7
484.5
961.1
15.8
40.6
138.1
276.1
500.0
1,000.5
4,502.1
l2,008.2r
4,502.5
12,009. 3r
July
31
Apr.
30
31
273
365
1,841.2
500,5
1,001.0
484.7
962.3
15.8
38.7
159-8
500.5
1,000.6
4,502.4
12,009.7
Footnotes at end of table.
1969-Jan.
fi968-Nov.
July
365
2,9U.9
280. i
Treasury Bulletin
32
.PUBLIC
Table
Offerings of Treasury Bills
-
2.
DEBT OPERATIONS.
Average price
per hundred
Regular weekly:
and26-ueelc )
( n-ueek
(Continued)
jn competitive bids accepted
On total bids accepted
Issue date
-
Low
Equivalent average
rate 2/
Price per hundred
Equivalent rat
2/
Price per hundred
(Percent)
(Percent)
(Percent)
Equivalent rate 1/
5.044
5.238
98.673
97.320
5.193
5.301
5.250
5.368
98.649
97.260
5.345
5.420
5.436
5.538
98.616
97.180
5-475
5.578
5.483
5.661
98.593
5.566
5.709
5.i71
5.586
98.606
97.154
5.515
5.629
5.479
5.667
98.603
97.116
5.527
5.705
8/
5.511
5.720
98.590
97.084
5.578
5.768
93.534 2/
96.985 13/
S.300
5.964
98.517
96.959
5.867
6.015
98.583
97.039
5.668
5.857
98.566
97.026
5.736
5.883
5.650
5.699
98.579
97.128 11/
5.622
5.681
98. 564
97.109
5.631
5.718
98.556
97.073
5.711
5.789
98.569 12/
97.088
5.661
5.760
98.552
97.067
5.728
5.802
20
98.590
97.152
5.579
5.633
98.595
97.170
5.558
5.598
98.584
97.142
5.602
5.653
June
27
98.676
97.227
5.237
5.485
98.690
97.250 li/
5.182
5.440
98.649
97.205
5.345
5.529
July
5
98.650
97.190
5.401
5.588
98.665
97.218
5.340
5.533
98.625
97.184
5.500
5.601
July
11
98.643
97.265
5.368
5.410
98.660
97.290
5.301
5.360
98.636
97.249
5.396
July
18
98.618
97.190
5.467
5.557
98.625
97.204
5.440
5.531
98.612
97.185
5.491
5.568
July
25
98.662
97.287
5.293
5.367
98.671
97.294
5.258
5.353
98.659
97.281
5.305
5.378
96.161
95.705
5.399
5.426
96.176 16/
95.737 17/
5.378
5.385
96.147
95.689
5.445
1968-Apr.
A
98.685
97.338
5.266
98.711
97.352
Apr.
11
98.658
97.270
5.310
5.399
98.673
97.286
Apr.
18
98.619
97.185
5.462
5.568
98.626
97.200
Apr.
25
98.599
97.12i
5.543
5.689
98.614
97.138
May
2
98.610
97.163
5.i98
5.611
98.617
97.176
May
9
98.608
97.120
5.
506
5.697
98.615
97.135
May
16
98.595
97.093
.557
,750
98.607
97.108
May
23
98.522
96.969
5.848
5-996
May
31
98.576
97.033
,697
,869
June
6
98.572
97.119
June
13
June
Tax anticipation
1968-July
9-it'onth
Aug.
11
Oct.
31
Nov.
30
2/
U/
ly
97.
lU
5.U2
,
5.418
96.070
9i.764
5.164
5.150
96.084 18/
94.774 23/
5.U5
5.140
96.038
94.744
5.206
5.170
96.120
9i.815
5.097
5.100
96.164
94.881 20/
5.040
5.035
96.099
94.774
5.U0
'96.113
94.791
5.144
5.124
96.154
94.835
5.090
5.080
96.095
94.745
,168
,169
95.956
94.610
5.313
5.301
95.982 21/
94.637 22/
5.279
5.275
95.944
94.592
5.329
5.319
"95.858
94.479
5.422
5.431
95.883
94.525
5.390
5.385
95.838
94.429
5.448
5. 480
5.515
5.500
95.777
94.307
5.589
5.600
31
30
6/
:
31
Sept.
4/
5/
:
and one-year
1967- July
5.U6
5.125
Dec.
31
95.803
94.364
5.555
5.5U
95.833
94. 408
1968-Jan.
31
96.001
94.645
5.254
5.267
96.028
94.685
22,/
5.219
5.228
95.970
94.576
5.295
5.335
95.998
94.646
5.240
5.281
96.021
94.708
U/
5.209
5.220
95.975
94.587
5.269
5.339
95.872
94.449
5.423
5.475
95.922
94.536
gy
5.358
5.389
95.840
94.373
5.466
5.550
,665
,663
95.668
94.272
5.650
5.6?0
95.645
94.241
5.680
5.680
Feb.
29
,
'
Mar.
31
Apr.
30
95.657
94.258
May
31
95.385
93.837
6.086
6.079
95.420
93.881
6.040
6.035
95.353
93.805
6.128
6.110
June
30
95.643
94.189
5.745
5.732
95.678
94.206 26/
5.699
5.715
95.624
94-172
5.771
5.743
July
31
95.949
94.617
5.342
5.310
95.958
94.629
5.?30
5.297
95.94^
94.608
5.349
5. 318
'
'
Footnotes on following page.
August 1968
33
PUBLIC DEBT OPERATIONS.
Footnotes to Table 2
Source:
Daily Treasury statement; Bureau of the Public Debt.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26-weeks and the 9-month bills represent
additional issues of bills with an original maturity of one-year.
2/ For 13-week and 26-week issues, tenders for $200,000 or less from
any one bidder are accepted in full at average price of accepted
competitive bids; for other issues, the corresponding amount is
stipulated in each offering announcement.
Bank
discount basis.
2/
Except $300,000 at 98.685.
i/ Except $850,000 at 97.300.
6/ Except $1,000,000 at 97. U9.
2/ Except $1,000,000 at 98.620.
8/ Except $2,000 at 97.116.
2/ Except $200,000 at 98.595.
iS/ Except $533,000 at 96.992.
11/ Except $5/12,000 at 97.150.
12/
12/
14/
15/
16/
17/
18/
12/
20/
a/
22/
23/
24/
25/
26/
r
Except $100,000 at 98.812, $100,000 at 98.811, $100,000 at 98.810,
$100,000 at 98.809 and $100,000 at 98.808.
Except $725,000 at 97.227.
Except $100,000 at 98.6^3, and $^00,000 at 98.632.
Except $2,000 at 97.250, and $1,270,000 at 97.214.
Except $500,000 at 96.188.
Except $500,000 at 95.757, and $500,000 at 95.7/11.
Except $100,000 at 96.385, and $25,000 at 96.200.
Except $100,000 at 95.215, $25,000 at 94.800, $1,000,000 at 94.795
and $1,000,000 at 94.785.
Except $100,000 at 94.950.
Except $3,000,000 at 95.990.
Except $238,000 at 94.951.
Except $200,000 at 94.693.
Except $500,000 at 94.728.
Except $900,000 at 94.545.
Except $600,000 at 94.251.
Revised.
34
Treasury Bulletin
.PUBLIC
Table
3.
-
New Money
DEBT OPERATIONS.
Financing through Regular Weekly Treasury Bills
{Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
1967- July
13.
1967-October
1968-January
13
11
July
20.
1967-October
1968-January
19
18
July
27.
'1967-Ootober
1968-January
26
25
'
August
3.
August
10.
1967-November
1968-February
2
1967-Noveraber
9
1
1968-February
8
1967-November
16
1'->6S-February
15
I'-)(j7-November
1968-February
24
23
August
17.
August
2^.
August
31.
1967-November
1968-February
30
29
7.
1967-December
1968-March
7
7
September li.
1967-December
1968-March
14
September 21.
1967-December
1968-March
21
21
September 28.
1967-December
1968-March
28
28
'
September
October
5.
October
13.
October
19.
October
26.
November
2.
November
9.
November
16,
November
2<i.
November
30.
December
7.
December
14.
December
21.
December
23.
1968-Jafiuary
February
i.
29.
March
7
March
14
March
21
March
28
January
April
U
1/
35
August 1968
PUBLIC DEBT OPERATIONS.
Table
3.
-
New Money
Financing through Regular Weekly Treasury Bills i- (Continued)
(Dollar amounts in millions)
Description of issue
Number of
days to
maturity
Maturity
Issue
date
date
(Percent)
J 99
2,395
1,884
1,600
1,001
5.310
5.399
98
3,256
2,493
1,602
1,103
5.462
5.568
203
2,614
2,328
1,601
1,101
5.543
5.689
197
2,704
1,966
1,600
1,100
5.498
5.611
200
182
2,494
2,176
1,600
1,102
5.506
5.697
200
91
182
2,417
2,065
1,600
1,101
5.557
5.750
200
91
2,526
2,150
1,601
1,100
5.848
5.996
200
182
2,292
2,154
1,600
1,100
5.698
5.869
97
2,410
2,365
1,600
1,099
5.650
5.699
98
3
182
11
91
April
11.
July
October
10
182
April
18.
July
October
18
17
182
25.
July
October
25
2i
August
October
1
2,
91
31
182
May
9.
August
November
May
16,
August
November
15
May
23.
August
November
22
21
182
May
31.
August
November
29
29
91
91
182
91
U
New money
increase, or
decrease (-)
5.146
5.266
4.
May-
Average rate
of bids
accepted 2/
Jl,600
1,000
5
April
Amount
of bids
accepted
$2,1V9
1,601
1968-July
October
1968-April
Amount
of bids
tendered
90
September
December
5
5
91
182
13
September
December
12
12
91
182
2,628
2,041
1,600
1,100
5.711
5.789
100
June
20
September
December
19
19
91
182
2,590
1,969
1,600
1,101
5.579
5.633
95
June
27
September
December
26
26
91
182
2,375
1,968
1,600
1,105
5.237
5.485
94
June
6
June
July
October
1969- Jffnuary
3
2
90
181
2,119
1,981
1,601
1,100
5.401
5.588
100
fi968 -October
1969- January
10
9
91
182
2,637
1,996
1,602
1,102
5.368
5.410
101
ri968-0ctober
19 69 -January
17
16
91
182
2,625
2.476
1,601
1,101
5.467
5-557
98
182
2,869
2,365
1,601
1,100
5.293
5.367
98
23
5.
\
July
11.
\
July
18,
1
Il968-October
July
25.
\1969-Jan\iary
91
Source: See Table 2.
1/ Excludes issues of strips of additional amounts of outstanding, regular
weekly bills for cash on November 25, 1966 ($1,202 million). See
Table 4.
2/
Equivalent average rate on bank discount basis.
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS.
Table
4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip-
37
August 1968
.PUBLIC
Table
4.
-
DEBT OPERATIONS.
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
Date subscrip-
-
(Continued)
Treasury Bulletin
38
PUBLIC DEBT OPERATIONS.
Footnotes to Table 4
Bureau of the Public Debt.
Source:
1/ Bonds, notes, and certificates of indebtedness issued at par except
For bill issues, always sold at auction,
those bearing footnote 1^.
the rate shovm is the equivalent average rate (bank discoiint basis)
For details of bill offerings, see Table 2.
on accepted bids.
On September 3, 1963, the Treasury began the monthly issuance of oneyear bills to mature on the last day of each month and, in addition,
on September 30, 1966, it began the monthly issuance of bills to
mature in nine months.
2/ From date of additional issue in case of a reopening.
2/ In reopenings, the amount issued is in addition to the amount of
original offering.
A/ For securities exchanged for the new issues, see Table 8.
For exchange value of securities eligible tcr be exchanged see Table
$l6,2/.0 million for the notes of Series b-1968, those up to and including $100,000 were allotted in full, all others were allotted 10 percent
but in no case less that $100,000, and $21,887 million for the notes
of Series A-1972, those up to and including $50,000 were allotted in
full, all ethers were allotted 7 percent but in no case less than
$50,000.
16/
17/
y
5
6/
2/
8/
2/
10/
or 6.
Includes $A«'i31 million of the 5-lA% certificates and $1,519 million
of the '^-1/ iS notes allotted to Federal Reserve banks and Government
investment accounts.
Tax anticipation bill, acceptable at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
Exchange offering available to owners of nonmarketable 2-'i/lS Treasury
For further
bonds. Investment Series B-1975-80, dated April 1, 1951information on the original offering see Treasury Bulletin for April
Amounts shown are as of July 31, 1968.
1951. page A-1.
Payment for subscriptions allotted could be made in cash or in Treasury
bonds, notes, or certificates of indebtedness maturing on the
issue date of the new security.
Consists of allotments paid for with Treasury bonds, notes, or certificates of indebtedness maturing on issue date of new security
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign states, Government investment accounts
and the Federal Reserve banks, totaling $9-i3 million for the 5-5/8^
notes and $75 million for the 5-3/8% notes, were allotted in full where,
as provided in the offering circulars, the subscriber made the required
certification of ownership of securities maturing November 15, 1966.
Subscriptions subject to allotment totaled $^,918 million for the 5-5/8%
notes which were allotted 30 percent, and $13,954- million for the 5-3/8%
notes which were allotted 10 percent; subscriptions for $100,000 or less
were allotted in full, and subscriptions for more than $100,000 were
allotted not less than $100,000.
Sale of a "strip" of Treasury bills, consisting of an additional $400
million of three series of outstanding one-year Treasury bills maturing
March 31, April 30, and May 31, 1967.
Issued for cash and in exchange for Treasury bills maturing November 25)
1 8/
12/
•
12/
12/
1966.
11/
Price at which issued appears in either Table 5 or 6.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign states. Government investment account.^
and the Federal Reserve banks, totaling $3,675 million for the notes
of Series B-1968 and tllS million for the notes of Series A-1972, were
allotted in full where, as provided in the offering circulars, the
subscriber made the required certification of ownership of securities
maturing Febiuary 15, 1967. Subscriptions subject to allotment totaled
Includes
U.,00 million
cf the ^-l/^% notes and $2,576 million of the
4-3/4-% notes allotted to Federal Reserve banks and Government invest-
20/
21 /
22/
22/
2A/
p
ment accounts.
Subscriptions from States, political subdivisions. or instrumentalities
thereof, public pension and retirraent and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign states, Government investment accounts
and the Federal Reserve banks, totaling $6,3-^.0 million, were allotted
in full where, as provided in the offering circular, the subscriber
made the required certification of ownership of securities maturing
August 15t 1967.
Subscriptions subject to allotment totaled $9,320
million:
those up to and including $100,000 were allotted in full;
all others were allotted 35 percent but in no case less that $100,000.
Subscriptions for $100,000 or less were allotted in full. Subscriptions for more than $100,000 were allotted 38 percent but in no case
less than $100,000.
Subscriptions from States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds, international organizations in which the United States holds membership,
foreign central banks and foreign states. Government investment accounts
and the Federal Reserve banks, totaling $7,575 million for the notes
of Series A-1969 and $14-9 million for the notes of Series A-1974, were
allotted in full where, as provided in the offering circulars, the
subscriber made the required certification of ownership of securities
maturing November 15, 1967. Subscriptions subject to allotment totaled
$8,070 million for the notes of Series A-1969 which were allotted 36
percent, and $13,98ii. mill ion for the notes of Series A-1974. which were
allotted 7-1/2 percent; subscriptions for $100,000 or less were allotted
in full, and subscriptions for more that $100,000 were allotted not
less than $100,000.
Includes $1,280 million allotted to Federal Reserve banks and Government investment accounts.
Subscriptions for $200,000 or less were allotted in full. Subscriptions
for more than $200,000 were allotted 39 percent but in no case less
than $200,000.
Includes $3,993 million exchanged by Federal Reserve banks and Government investment accounts,
Subscriptions for $100,000 or less were allotted in full. Subscriptions
for more than $100,000 were allotted 28 percent but in no case less
than $100,000.
As provided in the offering circular subscriptions were allotted in full
(l) for States, political subdivisions or instrumentalities thereof,
piblic pension and retirement and other public funds, international
organizations in which the United States holds membership, and foreign
central banks and foreign states where the subscriber certified that
it owned securities maturing August 15, 1968, these totaled $122
million (2) for Federal Resei^re banks and Government investment
accounts, these totaled $4,811 million and (3) those for $250,000
or less.
All other subscriptions were allotted 18 percent but in
no case less than $250,000.
The total of all subscriptions from
the public was $23,569 million,
Preliminary.
August 1968
39
.PUBLIC
Table
5.
-
Unmatured Marketable
DEBT OPERATIONS.
Securities Issued in
Advance Refunding Operations
Adjustment payments
at issue (per $100
of face value) 1/
Description of securities
Bite of
financing
1968
3-7/S% Bond
- 11/15/6S
9/18/63
Amount issued
(In millions)
$620 A/
194 A/
777 4/
By
Treasury
To
Treasury
Effective
yield 2/
Investment
yield 2/
Eligible securities exchanged
4.0.'^
4.02?
4.02
4.02
3-1/4? Certificate
4-3/4? Note
3-3/4? Note
5/15/64-B
5/15/64-A
5/15/64-D
$0.30
4.10
4.18
4.06
4.10
4.11
4.14
4.03
4.07
3.96
4.05
4.06
4.06
4.06
4.03
4.08
4.09
4.08
4.08
4-7/8?
3-3/4?
3-3/4?
3-7/8?
4?
3-5/8?
3-3/4?
3-5/8?
Note
Note
Note
Note
Note
Note
Note
Bond
Note
8/15/64-B
11/15/64-C
8/1 5/64 -E
11/15/64-F
5/15/65-C
8/1 5/66 -A
2/15/66-B
5/15/66
2/15/67-B
4.16
4.18
4.18
4.18
4.18
4.18
4.13
4.17
2-5/8?
3-1/2?
4?
3-5/8?
3-7/8?
3-3/4?
3-3/4?
3-5/8?
Bond
Note
Note
2/15/65
11/15/65-B
11/15/65-E
2/15/66-B
2/15/66-C
5/15/66
0.30
4.13
4.10
4.21
4.09
4.15
4.12
4.05
3.92
4.15
4.15
4.16
4.16
4.16
4.15
5?
0.25
4.29
4.33
4.17
4.17
4.32
3.96
4-7/8?
3-3/4?
3-3/4?
4-5/8?
2-5/8?
Note
Note
Note
Note
Note
Bond
4.01*
4.23
80.65
1.60
0.95
1,591
196'
i.%
Bond
-
10/1/69
V
7/24/64
287
250
635
161
399
179
942
294
4/
4/
4/
4/
579 4/
0.45
0.80
0.30
0.45
0.50
0.65
0.10
0.25
5?
3,726
1970
tfl
Bond
-
2/15/70
1/19/65
674
640
176
588
379
300
903
724
4/
4/
4/
4/
4/
4/
4/
0.60
0.45
0.90
0.40
0.70
0.50
0.05
Note
Note
Bond
Note
Bond
8/1 5/67 -A
11/15/67
4,331
i%
Bond
-
8/15/70 5/
1/29/64
165
211
694
278
221
654
4/
4/
4/
4/
4/
4/
1.65
1.85
0.95
0.95
1.80
8/15/64-B
11/15/64-C
3/15/64-E
11/15/64-F
5/15/65-A
2/15/65
2,223
1971
iS
Bond
8/15A1
^
3/9/62
1,154
l,o51 4/
Bond
5/8? Bond
2/15/64
2/15/'-.5
^,806
11/15/71 5/
3-7/8?6 Bond
3/15/63
693 4/
94 4/
532 4/
196 4/
1.10
0.90
0.70
0.70
4.03
4.03
3.97
3.97
3.97
3.96
3.97
3.96
3-1/2? Certificate
3-1/8? Certificate
2-1/2? Bond
Bond
3?
8/15/63-C
11/15/63-D
8/15/63
2/15/64
0.70
0.30
0.60
0.60
0.60
1.20
4.09
4.04
4.07
4.07
4.06
4.05
4.06
4.06
4.06
4.07
3-1/2?
2-5/8?
3-1/4?
3-1/4?
3-1/4?
4?
Certificate
Note
Note
Certificate
Note
Note
2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B
1,515
1972
i%
Bond
-
8/15/72
9/20/62
370
259
402
449
720
379
4/
4/
4/
4/
4/
4/
2,579
Footnotes at end of table.
(Continued on following page)
4. 01
4.1^
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table
5.
-
Unmatured Marketable Securities Issued
in
Advance Refunding Operations
-
(Continued)
August 1968
41
PUBLIC DEBT OPERATIONS.
Table
5.
-
Unmatured Marketable
Securities Issued in
Advance Refunding Operations
-
(Continued)
Treasury Bulletin
42
.PUBLIC
Table
6.
-
DEBT OPERATIONS.
Unmatured Marketable Securities Issued
at a
Premium
Other than Advance Refunding Operations
Description of securities
1968
A-lM%
Note
i-l/U%
Note
1969
IS
Bond
iS
Bond
1970
or
Discount
Auqust 1968
43
PUBLIC DEBT OPERATIONS.
Table
6.
-
Unmatured Marketable Securities Issued at
Other than Advance Refunding Operations
a
-
Premium
or Discount
(Continued)
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table
7.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. Other than Treasury Bills i/
-
(In millions of dollars)
Issues
Aagust 1968
45
.PUBLIC
Table
7.
-
DEBT OPERATIONS.
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS.
Table
7.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
- Treasury Bills Other than Regular
Weekly Series - (Continued)
Part B.
(in millions of dollars)
B
.
August 1968
47
.PUBLIC
Table
8. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Galled or maturing securities
Date of
refunding
or retirement
Disposition offers
by Treasury
1/'
Issue
date
Description
DEBT OPERATIONS.
Amount
outstanding
Cash
retirement
Exchange
security
offered
Results of exchange offers
Exchanged
Description of new
securities offered
(See also Table 4)
Turned
in for
cash 2/
(in millions of dollars)
3.87556 Bill
7/31/66
7/31/65
1,000
^A%
Note
8/15/66-A
2/15/62
8,436
3?
Bond
8/15/66
2/28/58
700
7/31/66
1,000 2/
8,436
9,136
Total.
9,136
5,628
2,307
501
(5-1/4% Cert.
15-1/4? Note
-
8/15/67-A
5/15/71-A
291
271
138
15-1/4? Cert.
5-1/4? Note
I
-
8/15/67-A
5/15/71-A
3,497
639
I
I
8/15/66
<
11/15/66-A
1/19/66
1,652
1,652
517
Note
11/15/66-E
2/15/65
2,254
2,254
584
3-3/8? Bond
11/15/66
3/15/61
1,851
1,851
586
5,757
5,757
1,687
14, 8*^3
14,893
10,184
4-3/4/S Cert.
i.%
Total
Grand total.
8/31/66
4.
006? Bill
8/31/66
8/31/65
1,000
1,000 3/
4.236? Bill
9/30/66
9/30/65
1,000
1
10/1/66
1-1/2? Note
10/1/66- EG
10/1/61
357
357
10/31/66
4.192? Bill
10/31/66
10/31/65
1,000
1 , 000
f 3-3/3% Bond
11/15/66
3/15/61
1,264
1,264
Note
11/15/66-E
2/15/65
1,672
1,672
11/15/66-A
1/19/66
1.135
1,135
,
000
639
of 5-1/4? Cert,
of 5-1/4? Note
i/
279
19
609
28
11/1 5/b6
4-3/4? Cert.
5,919
4,265
5/15/71-A
V
I
4?
of 5-1/4? Cert,
of 5-1/4? Note
5-1/4? Note
1
9/30/66
5,919
2,578
966
5-5/8? Note
5-3/8? Note
11/15/71-B
1.035
5-5/8? Note
5-3/3? Note
2/15/68-A
11/15/71-B
5-5/8? Note
15-3/8? Note
2/15/68-A
ll/15/71-B
44
19
I
1,071
2/1 5/68- ii
I
-r
Jotal
4,071
4,071 i/
4.277? Bill
11/30/66
11/30/65
1,001
1,001
12/31/66
4.731? Bill
12/31/66
12/31/65
1,001
1,001 i/
1/31/67
1,001
4.699? Bill
r3-5/8? Note
V
1/31/66
1,001
2/1 5/67-
3/15/63
2,358
2,358
2/15/67-C
8/13/65
5,151
5.151
3,240
174
7,508
7,508 i/
3,864
3,6a
438
396
54
I
2/15/67
4?
Note
iTotal.
2/28/67
4.845? Bill
2/28/67
2/28/66
1,000
1 , 000
3/22/67
5.338? Bill
3/22/67
8/26/66
2,006
2,006 7/
3/31/67
4.739? Bill
3/31/67
3/31/66
1,000
1.000
4/1/67
1-1/2? Note
4/1/67-EA
4/1/62
270
270
r5.433? Bill
4/21/67
4/21/67
8/26/66
8/26/66
1,003
1,507
loos'
1^5.483? Bill
4.773? Bill
4/30/67
4/30/66
1,001
1.001
r4-l/4? Note
5/15/67-D
11/15/65
9,748
9,748
5.304
3,506
2-1/2? Bond
6/15/67
5/5/42
1,429
1.429
640
446
11,177
11,177
10,396
4/21/67
4/30/67
Ijotal
5/15/67 <
1,507
8/15/67-A
8/15/66
5,919
5,919
308
8/15/67-A
9/15/62
2,929
2,929
837
14-7/8? Note
-
8/15/67-E
2/15/66
2,117
2,117
213
10,966
10,966
1.358
22,143
11,753
22,143
4.966? Bill
-
5/31/67
5/31/66
1,001
1,001
6/15/67
2-1/2? Bond
-
6/15/67
5/5/42
344
344
4-3/4? Note
4-3/4? Note
5/15/68-B
2/15/72-A
6/
(3,636
228
7/
-
5/31/67
5/15/68-B
2/15/72-A
V
3-3/4? Note
Grand total
4-3/4? Note
14-3/4? Note
V
r5-l/4? Cert.
[lotal
of 5-5/8? Note
of 5-3/8? Note
'
i/
-
1
932
66
3.072 6/
V
11/30/66
1/31/67
999
V
438
438
4-1/4?
4-3/4?
cf 4-3/4? Note-B
of 4-3/4? Note-A
48
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table
8.
-
Disposition of Public Marketable Securities
Other than Regular Weekly Bills
Disposition offers
by Treasury
Called or matiiring securities 1/
Date of
refunding
or retirement
Issue
date
Description
-
Amount
outstanding
Cash
retirement
Exchange
security
offered
(Continued)
Results of exchange offers
Exchanged
Description of new
securities offered
{See also Table ^4)
Turned
in for
cash 2/
(In millions of dollars)
5.586i6 Bill
5.2«$ Bill
6/22/67
4.295* Bill
/i.697iC Bill
6/30/67
5.808? Bill
<
UsbiS
Bill
\5.ibl% Bill
7/31/67
6/22/67
6/22/67
6/22/67
10/18/66
10/18/66
10/18/66
2,007
801
2,707
2,00'7l
6/30/67
6/30/67
6/30/66
6/30/66
1,001
500
l,O0l\V
7/31/67
7/31/67
7/31/66
7/31/66
995
500
995"!^
8/15/67-A
8/15/66
5,610
801)7/
2,7C7|
500J
500_/
5,610
4,621
989
420
1,674
1,322
582
I
8/15/67-A
8/15/67
9/15/62
2,094
2,094
5-1/4% Note
11/15/68-D
1,101
5-5/8% Note
.5-3/4% Note
2/15/69-A
11/15/74-A
1,326
5-5/8% Note
5-3/4% Note
2/15/69-A
11/15/74-A
T,726
2,427 6/
7,581
145
464p
I
8/15/67-E
2/15/66
1,904
1,904
9,608
9,608
)^5.552? Bill
8/31/67
8/31/67
8/31/66
8/31/66
1,000
501
5OIJ
9/30/67
h.&Ob% Bill
U.920? Bill
9/30/67
9/30/67
9/30/66
9/30/66
900
'^°°^4y
500 jl^
10/1/67
1-1/2% Note
10/1/67-EO
10/1/62
457
457
10/31/67
h.iUS Bill
U.656? Bill
10/31/67
10/31/67
10/31/66
10/31/66
905
501
905
501:}.
Pi-7/8* Note
11/15/67-F
5/15/66
8,135
3,135
[3-5/8* Bond
11/15/67
3/15/61
2,019
2,019
rS.SU? Bill
8/31/67
500
i,ooo"l
^
6,363
6,929
105
11/15/67
3,245 6/
652*
40
I
10,154
Total
11/30/67
12/31/67
1/31/68
2/15/68
,
10,154 i/
fs.SW* Bill
U.718* Bill
11/30/67
11/30/67
11/30/66
11/30/66
900
500
U.S2Q% Bill
\4.077* Bill
12/31/67
12/31/67
12/31/66
12/31/66
901
500
1^.577% Bill
\3.843* Bill
1/31/68
1/31/68
1/31/67
1/31/67
901
5-5/8% Note
2/15/68-A
11/15/66
2,635
2,635
2,171p
-1//S Note
13-3/4% Bond
5-1/4% Note
8/15/68-C
8/15/68
11/15/68-D
11/15/68
5/15/67
4/18/62
8/15/67
9/15/63
6,444
3,747
9,913
1,591
6,444
3,747
9,913
1,591
507p
l,lC7p
21,695
21,o95
;:,977p
24,331
::.;,331
5,148p
464p
I
3-7/8% Bond
(Total
Grand total.
A. 696%
500
929p
433p
2/29/68
2/29/68
2/28/67
2/28/67
3/22/68
4.861% Bill
3/22/68
7/11/67
3/31/68
r4.074% Bill
U.723% Bill
3/31/68
3/31/68
3/31/67
3/31/67
4/1/68
1-1/2% Note
4/1/68-EA
4/1/63
3.833% Bill
5.164% Bill
4/30/68
4/30/68
4/30/67
4/30/67
900
500
4-3/4% Note
^3-7/8% Bond
5/15/68-B
5/15/68
2/15/67
6/23/60
5,587
2,460
5,587
2,460
5,047p
l,699p
540p
761p
8,047
3,047
6,747p
l,300p
5/15/68
Total
901
500
2,003
2/15/75-A
2,003^7/
900
900)
500
50(
^
212
900I
500
5/31/68
3.934% Bill
5.097% Bill
5/31/68
5/31/68
5/31/67
5/31/67
900
°00l
501
501^/
6/30/68
14-732% Bill
^5.144% Bill
6/30/68
6/30/68
6/30/67
6/30/67
1,001
500
l,00l"l
7/31/68
^5.150% Bill
^5.313% Bill
7/31/68
7/31/68
7/31/67
7/31/67
1,001
1,001
501
501
8/15/68
'4-1/4% Note
3-3/4% Bond
8/15/68-C
8/15/68
5/15/67
4/18/62
5,936
2,640
5.936
2,640
8,576
3,576
5/15/75-B
8/
,
500J
'V
±
Footnotes on following page.
5-3/4% Note
)
Bill
1^3.945% Bill
2/29/68
of 5-5/8% Note
of 5-3/4% Note
1
y
n.a. 6/
5-5/8* Note
8/15/74-B
.
August 1968
49
PUBLIC DEBT OPERATIONS.
Footnotes to Table
Daily Treasury Statement; Bureau of the Public Debt.
Original call and maturity dates are used.
All by investors other than Federal Reserve banks.
Rolled over into one-year bills (see Table 4).
Rolled over into 9-raonth and one-year bills under new program
beginning September 30, 1966 (see Table ^)
Holders of the maturing notes, bonds, or certificates were not offered
preemptive rights to exchange their holdings, but were permitted
to present them in payment or exchange, in whole or in part, for the
new securities of/ered.
Excess of maturing securities over allotments of new securities paid
for with the maturing securities.
Tax anticipation issue; for detail of offerings beginning July 1966,
see Table 4; for amounts redeemed for taxes and for cash see "Note"
Source:
X/
2/
_2/
4/
%f
y
if
y
p
below.
Of this amount, IS million of the k-'i/ IS notes and $6 million of the
3-l/Z% bonds were submitted in payment for subscriptions allotted
for 656 Treasury Notes of Series C-1969 which were offered on a cash
basis.
Holders of the maturing securities were not offered preemptive
rights to exchange their holdings for the notes of Series C-1969.
For detail of offering see Table 4..
n. a.
Not available.
Preliminary,
8
Note:
Information on retirement of tax anticipation issues referred to
in footnote 7, in millions of dollars:
Date of
retirement
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Table
9.
-
(Payable in U. S. Dollars)
August 1968
51
.PUBLIC
DEBT OPERATIONS
Table 9. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.
Month
0-'
S.
Dollars)
Treasury Bulletin
52
.PUBLIC
Table
9.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.
S.
Dollars)
-
(Continued)
August 1968
53
.PUBLIC
Table
9.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
I«!sued to Official Institutions of Foreign Countries
(Payable in U. Z. Dollars)
-
(Continued)
Treasury Bulletin
54
.PUBLIC
Table
9.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable In U.S. Dollars)
-
(Continued)
August 1968
55
.PUBLIC
Table
9.
-
DEBT OPERATIONS
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars)
-
(Continued)
56
Treasury Bulletin
.PUBLIC
Table
9.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in
U.
S.
Dollars)
-
(Continued)
August 1968
57
.PUBLIC DEBT OPERATIONS.
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
Table
10.
-
58
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table
10.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
-
(Continued)
August 1968
59
.UNITED STATES SAVINGS BONDS.
Series E and
being sold.
H
are the only savings bonds currently
Series E has been on sale since May
and Series H has been on sale since June 1,
A-D were sold from March
1,
1935,
Series F and G were sold from May
30,
1952.
1,
19'+1,
1,
1941,
interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
Series
and December 1959, and May and October 1961, the Annual Report
ig/tl.
of the Secretary of the Treasury fiscal year 1966 (pages 197
through April
and 258), and fiscal year 1967 (pages 179 and 181); and the
1952.
through April 30,
Series J and K were sold from May
April 30, 1957.
1,
1952, through
Treasury Bulletin of June 1968.
Details of the principal changes in issues,
Table
1.
-
Sales and Redemptions by Series, Cumulative through July
(In millions
Footnotes at end of Table 4.
of dollars)
31, 1968
.,.
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS.
Table
3.
-
Sales and
Redemptions by Periods
,
Series E through
K
(In millions of dollars)
Redemptions 1/
Sales
V
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price
Series E and H combined
fiscal years
:
93,747
19a-53
1959
I960
1961
1962
1963
196^
1965
1966
1967
1968
Calendar years
1941-53
1959
1960
1961
1962
:
1963
1964
1965
1966
1967
Months
1967- July
August
September.
October. .
November.
December.
:
.
.
1968- January.
February
March
April
.
.
.
May
June
July
394
^
Amount outstanding
Accrued
discount
^
Interest-bearing
debt
Matured
noninterestbearing debt
)
..,
August 1968
61
.UNITED STATES SAVINGS BONDS.
Table
3.
-
Sales and Redemptions by Periods, Series E through
(
Sales 1/
Fiscal years
:
Ka-'j?
89,046
3,688
3,603
3,689
1959
1960
1961
1962
1963
196i
1965
1966
1967
1968
3, bit.
3,9U
4,136
4,11^
4,246
4,599
4,466
Calendar years
:
19a-5S
90,853
3,598
3,632
3,711
3,624
4,185
4,132
4,092
4,450
4,574
1959
1960
1Q61
1962
1963
1964
1"65
1966
1967
Months
12,591
:
1967- July
August
September,
October.
.
.
,
.
November
December.
.
,
384
367
328
379
354
333
1968- January. .
February.
March
April
May
June
343
July
371
430
395
375
365
4U
165
Sales plus
accrued
discount
-
(Continued)
In millions of dollars
Redemptions
Accrued
discount
K
Total
Sales
price 2/
1
Accrued
discount 2/
Exchanges of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
62
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table
4.
-
Redemptions of Matured and
Unmatured Savings Bonds
fin millions of dollars)
Period
Fiscal years :
1951-52
1953
1954
1955
1956
1957
1958
1959
1960
1961
,.
1962
1963
1964
1965
1966
1967
1968
Calendar years :
1951-52
1953
195i
1955
1956
1957
1958
1,610
1,761
2,747
3,941
4,263
4,115
3,730
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
740
1,128
1,487
1,826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
10,725
1,787
2,313
3,171
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
1,222
1,328
1,500
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
200
170
237
176
6,985
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
1964
1965
1966
1967
Series E
and H
11,246
5,621
6,515
7,251
7,846
8,958
8,544
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,U9
1959
1960
1961
1962
1963
Unclassified
Total 1/
Months ;
1967- July
August.
September
October. .
November.
December.
468
476
456
443
429
466
1968-January.
February.
March
April
May
June
632
529
537
523
522
500
250
272
190
279
261
156
218
242
174
258
248
July
541
254
231
.
.
.
114
203
199
173
U7
223
106
183
159
Other
369
Total
Series E
and H
Other
10/
Aagust 1968
63
.UNITED STATES SAVINGS BONDS.
Table
5.
-
Sales and
Redemptions by Denominations, Series E and H
i
Combined
fin thousands of pieces)
Total all
denominations
Period
$10 2/
$75 2/
$25
.;ales
Fiscal years
1941-58
1959
1960
1961
1964
1965
1966
1967
1968p
Calendar years :
1941-58
1959
1960
1961
1962
1963
1964
1,966,252
85,882
85,607
86,495
86,479
89,627
96,609
99,560
103,500
114,433
117,279
21,076
2,008,388
84,945
86,659
85,757
87,094
94,123
21,076
1966
1967
219,672
9,477
9,208
9,273
°,?86
1,323,^29
52,895
52,972
53,453
53,010
54,629
59,230
60,928
63,430
71,506
75,925
327,851
20,108
20,220
20,434
20,901
21,903
23,442
23,947
24,704
26,476
25,823
11,471
798
774
789
813
30,462
1,212
1,165
1,201
1,186
1,233
1,220
1,087
1,101
1,131
987
32,182
1,340
1,230
1,299
215
l,2'i7
30
1,349,072
52,452
53,910
52,528
53,503
57,391
60,217
31,071
1,141
1,173
1,247
1,098
1,325
1,151
1,044
1,155
1,076
32,834
1,243
1,238
1,346
1,127
1,357
1,117
978
1,110
996
632
1,322
1,607
1,811
10,162
10,445
10,366
11,114
11,214
87
93
77
83
89
67
68
66
13?
l-,3--4
1,30';,
1,141
1,469
1,749
1,860
10,409
10,714
11,411
10,769
982
1,010
1,068
987
224,386
11,868
9,2a
775
768
816
799
1,019
1,000
100,657
107,949
117,004
61,8a
66,381
74,422
10,105
8,901
8,548
10,603
9,40s
8,976
6,638
5,530
5,389
7,076
6,014
5,788
2,166
2,072
1,971
2,247
2,128
2,015
148
142
L41
162
145
140
896
890
826
896
896
829
84
83
74
78
78
11,340
9,574
9,932
9,916
10,722
9,251
7,583
6,108
6,346
6,650
6,854
5,948
2,341
2,119
2,242
2,034
2,422
2,065
164
159
155
167
178
159
976
912
942
839
1,002
863
87
84
88
80
97
1,921,206
555,810
6,353
320,166
4U
$5,000
$500
337,748
20,050
20,347
20,447
21,329
22,828
23,816
24,106
25,498
26,417
98,
1965
1,000
$200 4/
y 6/
$10,000
7/
:
1962
1963
Months
$100
9,184
9,322
9,196
970
1,054
1,041
35
27
31
16
16
1,270
1,2U
1,033
1,042
1,064
906
16
11
15
16
18
17
15
11
14
13
14
1:
232
30
27
34
27
24
101
20
15
17
17
13
13
13
13
12
17
15
17
U
:
VWf-Jxay
August
September.
October
November
December
.
.
1968-January
February
March
April
l^ay
p
June p
Inception to date p.
2,931,725
21,076
72
77
77
70
93
93
1
1
1
1
1
60
1
93
1
97
1
83
71
1
1
81
76
87
72
68
80
60
20,627
41,986
43,816
1
1
447
238
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table
6.
-
Sales by States, Series
E and
H^
Combined
(In thousands of dollars at Issue price)
State
Inception
through
June 1968
1967
July
2/
Aug.
Sept.
1968
Oct.
Nov.
Dec.
Mar.
Jan.
April
Hay
1,591
3,048
260
1,499
2,81b
296
1,424
3,703
304
1,893
3,403
282
1,717
2,939
231
1,474
3,064
301
1,869
3,075
191
1,7d5
1,287
24,512
2,222
1,271
26,508
2,231
1,262
24,858
2,340
1,524
24,432
2,099
1,713
31,047
2,351
1,736
27,538
2,505
1,458
26,683
2,681
1,430
25,828
2,457
1,371
27,388
2,148
6,590
1,610
2,559
5,603
1,405
3,462
5,787
1,858
5,657
6,971
1,574
4,109
5,397
1,336
2,210
6,868
1,894
4,404
6,091
1,764
3,413
6,293
1,707
3,638
6,004
630
2,128
6,414
2,665
3,320
6,213
4,400
1,005
6,906
4,109
1,156
6,066
3,643
1,218
6,406
4,431
1,247
6,752
3,909
1,407
6,375
3,751
1,025
7,451
4,666
1,248
8,579
4,663
1,021
6,391
4,246
652
6,789
4,330
1,434
7,331
4,085
1,461
628
427
22,921
9,895
484
24,623
10,549
388
23,389
10,039
365
26,746
10,690
489
27,248
11,114
23,160
9,827
557
31,168
11,529
631
26,211
10,442
448
24,290
^,752
400
26,171
10,043
528
24,811
9,747
3,692,872
2,155,146
1,510,863
6,661
3,483
3,962
7,559
4,416
4,028
6,131
4,014
3,803
6,384
3,879
3,492
6,332
3,832
3,687
6,430
3,615
3,453
9,297
5,116
4,192
4,924
4,380
6,630
4,019
3,650
6,707
3,239
3,896
5,211
3,398
3,646
Louisiana
Maine
Maryland
1,286,834
504,551
1,816,928
3,446
1,526
6,505
3,167
1,306
6,935
2,662
1,032
6,575
2,942
1,173
5,243
2,837
1,151
7,437
2,52^
910
6,335
3,481
1,322
7,204
3,558
1,277
7,541
2,750
1,095
7,168
3,036
1,111
7,140
2,884
1,072
6,8^4
Massachusetts
Michigan
Minnesota
3,828,235
7,770,259
2,477,579
10,335
19,475
4,490
10,692
25,027
5,100
9,156
20,237
4,000
9,927
24,349
4,769
9,433
21,283
4,500
9,841
19,951
3,855
11,635
25,655
5,176
10,975
26,223
5,138
9,948
25,527
4,126
10,054
28,172
4,695
10,764
25,727
4,512
Mississippi
Missouri
Montana
714,505
3,909,791
642,428
1,218
12,109
1,111
1,126
11,491
986
1,164
10,333
839
1,158
12,291
1,054
1,016
10,752
985
983
10,466
932
1,357
13,353
1,208
1,441
11,983
1,119
1,084
10,712
926
1,213
10,777
1,002
1,127
9,541
920
Nebraska
Nevada
New Hampshire
2,171,159
170,377
314,080
3,597
478
939
4,775
673
759
3,906
507
641
3,932
4,317
421
4, '884
3,531
326
680
2,900
676
797
749
968
4,404
289
906
3,396
1,194
3,733
472
615
5,235,710
340,151
15,424,326
15,413
1,076
42,451
16,021
1,312
43,635
14,939
898
38,863
14,826
1,130
41,622
15,387
937
42,424
14,479
99b
41,419
17,474
1,128
45,539
15,997
1,152
45,925
15,928
1,064
38,029
15,531
911
43,080
15,345
1,204
45,090
1,509,450
642,301
8,644,545
3,855
1,098
23,991
3,668
929
25,861
3,631
22,456
3,676
911
24,444
3,862
955
22,462
3,572
849
22,450
4,281
965
27,953
4,286
1,122
24,514
3,850
920
23,689
4,127
861
22,264
3,933
805
23,530
1,659,762
1,237,528
11,615,263
3,863
2,343
33,737
4,075
2,173
34,928
3,771
1,760
33,172
3,998
2,064
33,227
3,842
2,022
31,766
4,132
1,827
31,562
4,253
3,143
38,031
4,291
2,256
37,639
3,853
2,155
33,895
3,695
2,366
35,175
3,714
2,156
34,563
584,868
768,991
789,071
1,687
2,001
1,3U
1,381
2,003
1,333
1,200
1,925
1,400
1,497
2,100
1,330
1,398
1,899
1,373
1,067
1,795
1,248
1,827
2,080
1,664
1,453
2,001
1,738
1,414
1,762
1,385
1,430
2,106
1,406
1,472
1,861
1,134
Tennessee
Texas
Utah
1,384,559
4,696,854
541,972
3,328
10,143
1,847
3,766
11,705
1,736
3,135
9,989
1,639
3,563
10,742
1,585
3,485
11,973
1,439
3,322
9,769
1,523
4,213
12,600
1,662
4,072
11,967
1,617
3,012
11,123
1,418
3,590
11,743
1,671
3,752
12,275
1,560
Vermont
Virginia
Washington
169,480
2,268,364
2,129,899
430
7,637
3,739
394
6,067
3,676
372
408
6,210
3,048
401
5,745
325
6,310
488
7,710
399
6,770
3,250
6,634
448
7,528
407
7,180
445
7,102
3,472
3,U9
4,359
3,893
3,552
3,765
3,572
West Virginia
Wisconsin
Wyoming
1,389,072
3,019,935
249,530
3,593
8,098
396
3,814
7,404
360
3,395
6,571
400
3,241
6,991
374
3,674
6,286
434
3,572
6,226
384
3,910
7,805
406
3,875
6,979
490
3,404
6,590
356
3,553
6,753
3,726
6,487
345
338
86,457
79,581
4,836
256
200
27
115
348
56
326
199
241
210
111
4:^9
25
41
536
384
23
264
274
23
422
322
33
294
280
19
277
268
29
277
230
21
3,411
287
3,301
2,923
303
729
,804
1,448
1,333
24,061
2,451
1,353
26,760
2,388
l,i20,927
6,274
1,556
3,125
1,889,073
l,i81,546
497,927
Idaho
Illinois
Indiana
313,557
10,967,874
3,874,568
Iowa
Kansas
Kentucky
Alabama
Alaska
Arizona
i.sii.'^gs
Arkansas
California
Colorado
755,190
9,395,855
1,022,178
Connecticut
Delaware
District of Columbia
2,161,629
Florida
Georgia
Hawaii
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Canal Zone
Puerto Rico
Virgin Islands
Undistributed and
adjustment to daily
Treasury statement..
Total
69,065 2/
523,808
40/i,340
5,988,936
139,516,580
V
3,256
221
1,902
1
8U
529
33
551
766
797
64,967
29,699
25,727
57,549
36,790
31,315
60,233
47,299
57,829
32,832
81,260
410,686
392,283
349,364
403,621
373,388
352,340
,698
422,586
398,830
384,007
432,221
Source: Daily Treasury statement and reports from Federal Reserve banks.
1/ Sales of Series H began June 1, 1952.
2/ Figures include exchanges of minor amounts of Series F and J bonds for
Series H bonds beginning January 1960: however they exclude exchanges of
Series E bonds for Series H bonds.
Excludes data for period April 1947 through December 1956, when reports
^
7,890-
4/
were not available. In previous issues of the Bulletin, data for
period May 19.^1 through March 194-7 were included in "Other possessions,
and data for calendar years 1957 and 1953 were included in "Adjustment
to daily Treasmy statement."
Includes a small amount for other possessions.
August 1968
65
UNITED STATES SAVINGS NOTES
Sales of United States savings notes began May
19b7.
The principal terras and conditions for purchase and
The notes are eligible for purchase by individuals with the
redemption and information on investment yields of the savings
simultaneous purchase of Series E savings bonds.
notes appear in the Treasury Bulletins of b4arch 1967 and June
1,
1968.
Table
1.
—
Sales and
Redemptions by Periods
(In millions of dollars)
66
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table
1.
-
Distribution of Certain Federal Securities by Classes of Investors and Types of Issues
(In millions of dollars)
1
End of
fiscal year
or month
Total
Federal
securities outstanding
1/
-terest-bvarini?
iield
c-'-.-i^urities
investment accounts 2/
Total
outstanding
issued by the U.S. Government
by U.S. Government
Total
Public
issues
Special
issues
Held by
Federal
Reserve
banks public
Held by private
investors J_/
Total
outstanding
144,983
56,252
110
U9,546
marketable
15,497
19,549
19,518
44,801
46,627
48,650
51,120
56,155
59,526
26,044
26,523
27,253
29,663
32,027
34,794
39,100
42,169
46,719
52,230
201,235
201,459
202,417
208,483
211,721
211,598
210,776
206,645
199,862
213,125
151,392
157,418
160,361
159,575
157,220
153,566
146,502
156,941
51,913
51,025
51,065
51,360
52,023
53,556
53,079
53,361
56,185
68,685
16,692
51,993
44,282
212,054
159,152
52,902
327,132
332,409
332,447
337,041
341,570
341,194
75,373
77,143
76,348
75,852
76,173
75,932
19,164
18,833
18,608
18,685
18,802
18,699
56,209
58,309
57,739
57,167
57,372
57,234
46,804
46,555
46,916
47,390
48,931
49,112
204,955
208,712
209,183
213,800
216,466
53,857
216, U9
151,098
154,967
155,211
159,295
160,446
160,763
June
346,813
352,107
350,033
347,545
352,863
348,147
342,812
348,314
346,136
343,615
348,902
344,401
74,626
76,324
75,791
75,692
78,222
79,045
18,696
19,083
19,079
18,736
19,066
19,518
55,930
57,242
56,711
56,957
59,156
59,526
49,092
48,952
49,691
50,507
50,625
52,230
219,094
223,037
220,654
217,415
220,055
213,125
163,594
167,336
164,977
161,574
164,168
156,941
July
351,652
347,940
78,236
19,351
58,885
52,397
217,308
161,327
284,817
286,471
289,211
298,645
306,466
312,526
317,864
320,369
326,733
348,147
281,833
283,241
285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401
54,554
55,259
56,002
56,296
58,206
60,964
63,236
66,618
75,705
79,045
9,799
10,360
10,959
11,357
13,405
14,337
1966-December.
329,814
325,021
1967-July
August ....
September.
October.
November
December.
331,158
336,374
336,418
341,027
345,634
345,208
1968- January.
February .
March
April
.
.
.
May
U,586
44,756
U,899
45,043
U,939
Held by
Public
nonmarketable
issues
Public-
issues
1959
1960
1961
1962
1963
196i
1965
1966
1967
1968
Interest-bearing securities guaranteed by the U.S. Government 4/
139
240
4U
605
812
589
460
512
568
494
U.S.
Government
investment
accounts
Matured
debt
and
Held by
private
investors
2/
debt
bearing
no
interest
i
5
.
b
8
August 1968
67
.OWNERSHIP OF FEDERAL SECURITIES.
Table
3.
-
Estimated Ownership of Federal Securities
{Par values 1/ in billions of dollars)
Total
Federal
securities
outstand-
End of
month
ing 2/
Held by banks
Commercial
banks
Federal
Reserve
Banks
U.
Held by private nonbank investors
S.
Government investment
Individuals 4/
Savings bonds
accoxints
Series
E and H
Other
series
10.1
securities
Mutual
Insurance savcompanies ings
banks
i,'
i^tate
Foreign
Other misand
Corporaand inter- cellaneous
local
tions 6/
national
investors
govern1/
ments
15.9
2.5
6.5
6.3
3.1
2.2
.4
1946-Feb. 2/-Dec
279.8
259.5
93.8
74.5
22.9
23.3
28.0
30.9
135.1
130.7
64.1
64.2
30.8
30.3
12.5
13.9
20.8
20.1
24.4
24.9
11.1
11.8
19.9
15.3
6.7
6.3
2.4
2.1
1950- June
Dec
257.
256.7
65.6
61.8
18.3
20.8
37.8
39.2
135.6
134.9
67.4
66.3
34.5
34.5
15.4
15.1
17.6
16.7
19.8
18.7
11.6
10.9
18.4
19.7
8.7
8.8
4.3
1951- June
Dec
255.3
259.5
58.4
61.6
.13.0
23.8
41.0
42.3
132.9
131.8
65.4
64.6
34.5
34.7
14.6
14.4
16.3
15.5
17.1
16.5
10.2
9.8
20.1
20.7
9.4
9.6
4.2
4.3
1952- June
Dec
259.2
267.
61.1
63.4
22.9
24.7
44.3
45.9
130.8
133.4
64.8
65.2
34.9
35.3
14.1
13.8
15.7
16.0
15.7
16.0
9.6
9.5
18.8
19.9
10.4
11.1
4.7
1953- June
Deo
266.1
275.2
58.8
63.7
24.7
25.9
47.6
48.3
135.0
137.3
13.2
12.7
16.8
15.4
16.0
15.9
9.5
9.2
18.6
21.5
12.0
12.7
5.7
64.8
36.0
36.7
1954- June
Dec
271.3
278.8
63.6
69.2
25.0
24.9
49.3
49.6
133.3
135.1
64.8
63.5
37.5
38.2
12.1
11.7
15.2
13.6
15.4
9.1
16.5
19.1
13.9
14.4
6.0
6.3
1955- June
Dec
27i.i
280.8
63.5
62.0
23.6
24.8
50.5
51.7
136.7
142.3
65.2
65.0
39.3
40.1
10.9
10.2
15.0
14.8
15.0
14.6
8.7
8.5
18.6
23.2
U.7
15.4
6.S
7.5
1956- June
Dec
272.8
276.7
57.3
59.5
23.8
24.9
53.5
54.0
138.3
138.2
66.6
65.9
40.9
41.4
9.4
8.7
16.3
15.8
13.6
13.2
8.4
8.0
17.3
18.7
16.1
16.3
7.9
7.8
1957- June
Dec
270.6
275.0
56.2
59.5
23.0
24.2
55.6
55.2
135.9
136.1
66.3
64.9
41.5
41.6
7.6
6.6
17.2
16.7
12.7
12.5
7.9
7.6
16.1
17.7
16.8
16.6
7.6
7.6
1958- June
Deo
276.4
283.0
65.3
67.5
25.4
26.3
55.9
54.4
129.9
134.8
64.4
63.7
42.1
42.5
5.9
5.2
16.4
16.0
12.7
7.4
7.3
14.1
18.1
16.3
16.5
6.5
7.7
1959- June
Dec
28i.8
290.9
61.5
60.3
26.0
26.6
54.6
53.7
142.6
150.3
66.3
69.4
42.6
42.4
4.5
3.5
19.3
23.5
:i2.6
7.3
6.9
1°.3
12.5
21.4
16.9
18.0
10.1
12.0
1960- June
Dec
286.5
55.3
62.1
26.5
27.4
55.3
55.1
69.7
66.1
42.5
42.9
3.1
2.7
24.1
20.5
12.0
11.9
6.6
6.3
18.7
18.8
18.7
12.3
13.0
1961- June
Dec
289.2
296.5
62.5
67.2
27.3
28.9
56.1
54.5
U9.3
H5.8
U3.3
U5.9
19.5
290.
64.6
65.9
43.6
44.2
2.5
2.2
ia.6
19.5
11.4
11.4
6.3
6.1
18.5
18.5
19.3
19.0
12.7
13.4
1962- June
Dec
298.6
30i.0
65.2
67.2
29.7
30.8
56.5
55.6
U7.3
65.7
66.0
44.6
45.1
2.0
1.8
19.0
19.2
11.4
11.5
6.3
6.1
18.2
13.6
20.1
20.1
U.l
150.4
1963- June
Dec
306.
310.1
64.4
64.3
32.0
33.6
58.4
58.0
151.7
154.3
66.1
68.2
46.0
46.7
1.5
1.4
18.6
20.1
11.0
11.3
6.1
5.8
18.7
18.7
21.5
21.1
15.8
15.9
196i-June
Dec
312.5
318.7
60.2
64.0
34.8
37.0
61.1
60.6
156.4
157.1
68.8
69.8
47.3
47.9
1.2
1.0
20.3
20.8
10.9
11.1
6.0
5.7
18.9
18.2
22.5
21.2
15.6
16.7
1965- June
Dec
3i7.9
321.4
58.3
60.8
39.1
40.8
63.4
61.9
157.1
158.0
70.9
72.1
48.3
48.8
.9
.8
1966-June
July
Aug
Sept
Oct
Nov
Dec
320. i
319.8
324.9
325.3
327.4
329.9
329.8
54.8
53.8
55.0
54.8
55.3
55.5
57.5
42.2
42.4
42.5
42.9
43.0
43.9
44.3
66.7
66.4
69.3
69.2
68.0
68.9
68.8
156.7
157.2
153.1
158.4
161.1
161.6
159.3
73.1
73.4
49.2
49.3
49.4
49.4
49.5
49.7
49.8
.6
.6
.5
1967- Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Deo
329.4
330.1
331.5
328.3
331.4
326.7
331.2
336.4
336.4
341.0
345.6
345.2
57.8
57.4
58.1
43.5
44.0
44.9
45.5
46.1
46.7
46.8
46.6
46.9
47.4
48.9
49.1
68.2
69.6
70.7
70.4
74.6
75.8
75.5
77.2
76.4
75.9
76.2
76.0
159.9
159.2
157.3
155.2
154.3
74.9
74.6
74.0
72.7
71.9
70.9
70.8
49.8
50.0
50.1
50.2
50.3
50.4
50.5
50.6
50.6
50.7
50.8
.3
.3
50.9
1968- Jan
Feb
Mar
Apr
346.8
352.1
350.0
347.5
352.9
348.1
63.1
63.9
62.2
60.0
60.9
59.2
49.1
49.0
49.7
74.7
76.4
75.9
75.8
78.3
79.1
160.0
162.8
162.3
161.3
50.9
51.0
51.0
51.0
1939-Dec
May
June
p,
.
57.2
56.4
55.5
58.3
60.2
61.1
63.6
63.5
63.9
50.5
50.6
52.2
U3.7
150.6
152.4
152.0
154.1
157.0
156.2
163.1
157.6
73.9
74.7
75.4
75.3
74.6
71.4
72.5
73. 2r
73. 9r
74. Or
74. 5r
75. 2r
75. Or
75.2
75.4
74.8
Source: Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Securities issued or guaranteed by the U. S. Government, excluding
guaranteed securities held by the Treasury.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figures exclude securities held in trust departments.
1.9
9.5
9.3
9.2
.2
22. 3r
22 .9r
23. Or
8.8
8.7
8.7
4.5
4.6
4.5
4.3
4.3
4.2
4.2
4.2
4.2
4.1
i.P
4.2
.1
23. 5r
.1
.1
24. Ir
23. 8r
.1
24.1
.1
24.3
23.7
8.5
8.2
4.1
4.2
4.2
4.1
4.1
4.0
.2
.2
.2
.2
.2
.2
,1
6/
2/
8/
2/
5.8
5.,
24.7
24.3
23.7
22.3
21.4
20.4
20.2
20.7
21.7
.3
.3
.2
^
10.
10.4
9.7
9.7
9.7
9.7
9.6
9.7
9.6
.4
.4
.4
4/
12.2
23.3
23.5
24.0
24.8
25.4
25.3
24.5
.5
51.1
51.1
21.6
22.5
15.3
9.0
9.0
8.7
8.7
8.7
8.7
5.1
5.0
5.0
5.0
4.8
4.8
4.7
15.3
15.8
14.2
14.3
U.5
13.8
U.9
16.0
U.9
U.7
14.7
U.l
12.9
13.6
11.1
11.9
12.4
10.7
11.6r
13. Or
12. 2r
13. 4r
14. 8r
14. 2r
24.1
3.5
5.3
5.9
15.3
15.7
io.7
24.5
25.1
25.0
25.2
25.2
25.1
25.0
15.4
15.3
15.4
15.2
15.2
15.4
24.8
25.0
25.1
25.2
25.1
25.0
24.7
25.1
24.9
24.6
24.5
25.1
14.0
U.5
U.l
14.5
15.0
15.0
U.7
U.4
U.3
U.7
U.8
16.2
15.
25. 6r
26. 4r
15.4
15.2
27. Or
1'. .7r
13.7
26.8
15.8
13.2
26.7
26.5
14.7
14.0
13.0
Includes partnerships and personal trust accounts.
Discontinued series. See savings bonds tables.
Exclusive of banks and insurance companies.
Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Immediate postwar debt peak.
p
Preliminary.
Revised.
r
68
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, JUNE
The monthly Treasury Survey of Ownership covers secu-
rities issued by the United States Government and by Federal
agencies.
The banks and insurance companies included in the
Survey currently account for about 90 percent of all such
securities held by these institutions.
The similar proportion
for corporations and for savings and loan associations Is 50
percent, and for State and local governments, 70 percent.
Data were first published for banks and insurance companies
in the May 1941 Treasury Bulletin,
Section
I -
30,
1968.
savings and loan associations in the September I960 Bulletin,
and for State and local governments in the February 1962
Bulletin.
Holdings by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
published for June 30 and December 31.
appearing in the March 1954 Bulletin.
for corporations and
Securities Issued or Guaranteed by the United States
Table
1.
-
Summary
Holdings by corpo-
rate pension trust funds are published quarterly, first
of All Securities
Government
..
.
..
.
.
Aagust 1968
69
.TREASURY SURVEY OF OWNERSHIP, JUNE
Section
I
Table
30, 1968
Securities Issued or Guaranteed by the United States
-
3.
Government
Interest-Bearing Public Marketable Securities by Issues
-
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
governments
Insurance companies
Total
amount
outstpnding
5.847
commercial
banks
2/2/
^88
501
mutual
savings
banks
294
life
2;'
^66 fire, savings
casualty, and loan
associaand
tions
marine
/.69
corpo316
rations general
funds
U.S. Government invest188
ment accounts
pension
and Federal
and reReserve banks
911
Other
investors 4/
tiresnenti'
Memorandum;
Held by
25,920
corporate
pension
trust
funds 5/
funds
Treasury bills
Regular weekly and annual
maturing:
June 1968-Sept. 1968.
1968-Dec.
1968..
Oct.
Jan.
1969
Feb.
1969
Mar.
1969
Apr.
1969
May
1969
:
Total Treasury bills.
Treasury notes :
l-l/A% Aug.
5-lA
5-5/8
5-5/8
6
Nov.
Feb.
May
5-3/8
Aug.
Nov.
Feb.
5-l/.i
May
5-3/8
4-3/4
4-3/4
5-3/4
5-3/4
Nov.
Feb.
6
Hay
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
5
May
Ncv.
Feb.
.
1968-C..
1968-D.
1969-A.
1969-B.
1969-C..
1970-A..
1971-C..
1971-A.
1971-B.
1972-A.
1972-B.
1974-A.
1975-A.
1975-B.
1968-EO.
1969-EA.
1969-EO.
1970-EA.
1970-EO.
1971-EA.
1971-EO.
1972-EA.
1972-EO.
1973-EA.
4
4
4
4
4
3-7/8
4
4
4
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
Feb.
Oct.
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
2,799
1,650
77
64.440
4.8
5,936
8.984
10,738
4,277
3,366
7.675
2.509
4.265
1.734
2,006
5.310
1.652
5.148
6.750
115
643
1,177
1.319
2,223
1,558
2,495
1,152
948
654
829
1,190
530
1,906
1.052
61
159
88
113
35
72
34
33
13
71.073
Total Treasury notes
Treasury bonds :
2-1/2^ Dec.
2-1/2
June
2-1/2
Dec.
2-1/2
Mar.
2-1/2
Mar.
June
2-1/2
2-1/2
Sept.
Dec.
2-1/2
Aug.
3-3/4
Nov.
3-7/8
39.820
18.614
1,500
1.502
1,000
1,001
1,002
1963-68.
1964-69.
1964-69.
1965-70.
1966-71.
1967-72.
1967-72.
1967-72.
1968. . .
1968
1969
1969
1970
1970
1971....
1971
1972
1972. .
1973
1973
.
1974
May
1974.
Nov.
1974
Hay
June
1975-85.
1978-83.
.
.
Footnotes at end of Section II.
1.788
2.542
2.489
2,285
1.224
1.251
1,952
2.613
2.640
1.158
3.728
6,246
4.381
4.129
2,806
2,760
2,344
2,579
3.894
4.352
3.129
3.588
2.241
1.216
1.569
71
18
113
142
206
144
29
25
2
16
13
436
45
44
9
126
37
1
4
10
401
220
22
23
7
18
819
880
59
164
115
16
69
112
11
698
7
31
93
29
2
36
113
11
45
18
15
167
73
95
108
85
155
73
64
»
13
98
3
2
74
64
16
85
83
43
61
2
41
16
4
10
100
101
29
28
8
35
36
49
16
55
3
119
19
70
233
77
71
7
45
104
21
179
279
184
108
117
217
39
62
37
106
58
48
82
48
26
2
69
193
3
1
1
226
45
69
1
2
9
73
i5
2
1
1
61
26
30
15
29
9
4
58
9
2
23
9
15
579
582
306
399
311
6
23
26
20.565
30,542
724
20
4.513
6,122
7,679
387
236
1.517
1
a3
460
1,205
1,228
1,087
1.239
2.833
916
1.188
662
447
2
3
336
3
11
1
1.838
198
363
2.877
3
269
20
20
1.449
4.395
8
4
8
954
659
1.173
987
93
5
4
6
43
34
10
34
53
12
13
a
8
18
14
38
24
57
20
24
14
19
7
16
14
5
17.966
1.112
571
12
1,356
1,178
933
25
30
27
19
21
12
27
15
327
7
950
2.015
1,881
1,471
1,036
1,122
875
867
1.430
1.724
1,276
1.248
30
105
62
78
66
40
83
60
109
155
100
167
507
31
39
28
74
72
567
9
2
440
1,149
797
825
20,082
8,283
25
58
5
60
70
107
12,381
5,963
570
481
491
323
355
304
105
96
4,591
29
28
555
2.657
1,367
154
154
630
1,350
992
9
50
16
13
28
66
20
19
68
4
7
4
16
12
17
9
15
60
20
26
24
15
14
37
453
200
151
81
a
58
78
50
35
106
87
38
19
54
135
99
117
76
62
62
29
66
31
37
31
29
175
170
133
110
63
34
195
31
26
57
57
75
76
22
49
143
109
129
82
119
112
119
164
186
146
152
107
24
a
(Continued on following page)
57
6
16
107
44
415
100
48
204
148
29
11
102
1.565
32,057
15.218
430
418
21
4
217
16
36
24
18
36
14
144
144
75
169
321
177
93
9
a5
.2
535
666
205
124
81
a
120
62
1
83
25
6
39
100
156
182
71
61
108
77
166
24
19
13
5
82
35
8
220
462
118
.387
722
484
2
4
29
8
39
13
13
42
19
47
a
45
67
49
160
273
U2
620
474
273
530
557
448
556
585
691
424
211
329
451
432
272
509
405
1.117
652
483
1.033
2.557
14
1.402
1.714
29
34
27
22
25
28
54
46
33
36
24
811
693
772
816
1.189
1.389
759
1,129
648
354
554
18
11
2
8
6
49
20
38
53
12
13
70
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, JUNE
Section
Table
3.
-
I
-
30, 1968.
Government
Securities Issued or Guaranteed by the United States
Interest-Bearing Public Marketable Securities by Issues
-
(Continued)
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Issues
Total
amount
outstanding
5, Si?
commercial
banks
501
mutual
savings
banks
29i
^ho fire,
casualty,
life
and
2,'
Treasury bonds - (Continued)
i,%
Feb.
1980
1980
3-1/2 Nov.
1985
3-lA May
1987-92...
i-lA Aug.
1988-93...
Feb.
A
4-1/8 May
1989-94...
3-1/2 Feb.
1990
601
908
,1U
149
144
77
190
marine
69
85
159
386
177
145
57
72
61
111
60
302
49
283
768
37
23
212
4
36
89
16
26
26
143
6
21
488
savings
and loan corpoassocia- rations
tions
State and local
governments
188
316
pension
general and refunds
tirement
funds
133
125
93
88
U.S. Government invest-
ment account
and Federal
Reserve banks
265
94
97
809
755'
723
197
1,103
Held by
all
other
investors
^
Memorandum:
Held by
25,920
corporate
pension
trust
funds
^
941
253
314
36
20
964
90
7
15
22
7
1995
1998
,816
249
559
880
707
,341
Total Treasujy bonds
91,079
25.504
2.338
3,498
2,451
2.751
2,220
3,565
4,486
17.030
27.237
837
226,592
48,340
3.885
3,691
3,25?
4.799
5.333
9.721
4.922
69.651
72.997
1,890
3
3-1/2
Feb.
Nov.
Total public marketable
securities
17
167
23
33
102
890
a
159
10
33
517
70
85
36
377
68
184
502
789
85
817
1,162
159
911
286
969
1,235
1.202
5
41
134
27
85
Footnotes at end of Section II.
Table
4.
Interest-Bearing Public Nonmarketable Securities by Issues
(Par values - in millions of dollars)
Aaqust 1968
71
.^TREASURY SURVEY OF OWNERSHIP, JUNE
Section
II
-
30,
iQfl«
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
Treasury Bulletin
72
.TREASURY SURVEY OF OWNERSHIP, JUNE
Section
II
-
30,
1968.
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
-
(Continued)
August 1968
TREASURY SURVEY
73
-
COMMERCIAL BANK OWNERSHIP, JUNE
30. 1968^
The tables wnlch follow provide an analysis of the
This analysis of commercial bank ownership was first
security holdings of commercial banks reporting In the
Treasury survey of ownership of securities Issued by the
United States Government and by Federal agencies. The
flsTires show the total holdings distributed according to
Federal Reserve member bank classes and nonmemcer banks.
published In the May 194M- issue of the "Treasury Bulletin, *
based on the survey data for December 31, 19'+3.
It has
Section
I
-
appeared at semiannual or quarterly Intervals since that
time,
and Is now being published for the June 30 and De-
cember 31 survey data.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table
1. -
Summary
of All Securities
74
Treasury Bulletin
.TREASURY SURVEY
Section
I
-
-
COMMERCIAL BANK OWNERSHIP, JUNE
30
1968
Interest-Bearing Securities Issued or GuaTanteed by the United States
Government
Table 3. - Public Marketable Securities by Issues
(Par values - In millions of dollars)
Federal Re.-erve
Iss
Held hy
'".,847
commercial
banks 1/
Treasur y
mt";iibar
banks
184 Reserve Cloy
3,649
member
hanks
2
12
3,465
country
163
New York
rity
,
198
nonmember
banks
other
b,111_^
Regul'ir ueekly and annual
matui'ing:
June
Oct.
Jan.
Feb.
Mar.
Apr.
1965-Sept.
1968-Deo.
1969
1969
1969
lOc"
1969
Hay
1963..
1968..
Total Treasury bills
Treasury notes
Aug.
Nov.
Feb.
5-lA
5-5/8
5-5/8
May
6
Aug.
Nov.
Feb.
5
5-3/8
5-1/4
5-3/8
May
Nov.
Feb.
4-3/i
May
5-3/4
5-3/4
6
1-1/^
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
Nov.
Feb.
May
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
4
4
4
3-7/8
4
4
4
4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
Footnotes
i,6';o
2,130
1,287
77
71
18
113
142
50
53
12
102
133
91
76
16
3,768
858
433
4,8o9
196S-C.
1968-D.
1969-A.
1969-B..
1969 -C.
1970-A.
1971-C..
1971-A..
1971-B..
197:.-A.
1972-B
1974-A.
1975-A.
1975-B.
1968-EO.
1969-EA.
1969-EO
1970-EA.
1970-EO.
1971-KA.
1971-EG.
1972-EA.
1972-EO
1973-EA.
.
64
May
Nov.
May
J\ine
a»
--nd
%
169
148
21
10
646
302
940
6
18
24
24
2
1
6
3
1,177
1,319
2,223
l.'.SS
2,4^5
1,1'^?
•148
ii54
826
1,190
5,(0
l,QOu
1,0S.7
?9
,•8
7J
4-J
21
1,088
1,Q29
,324
1,9 V.
943
676
528
729
942
41;
1,577
882
24
25
67
44
1963-68.
1964-69
1964-69.
1965-70.
1966-71.
1967-72.
1967-72.
1967-72.
1968
1968
1969
1969
1970
1970
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85..
1978-83..
of Section II.
80
98
374
227
96
110
26
84
67
155
32
277
169
35
9
33
84
58
3
16
15
62
27
3
57
66
»
7
1
2
1
52
7
17,96(.
14,721
8
3
11
18
16
-88
1,489
1,101
227
243
493
609
755
572
1,329
104
224
231
294
234
561
210
273
126
100
248
115
329
170
345
373
767
441
451
244
103
131
284
187
141
379
237
3
6
15
14
21
3
571
439
1,223
1,042
844
505
390
1,026
726
704
253
768
1,610
1,548
1,147
853
959
759
750
1,258
1,484
1,137
1,062
434
1,356
1,178
^33
440
1,145
797
825
3:"'
'.I'l:"
l,,^ftl
1,,71
1,036
1,122
875
8h7
1,430
l,7,-'4
1,276
1,248
507
74
72
68
61
4
1
1,827
37
84
47
78
17
30
61
114
129
6
74
86
114
82
n
4,3:-!
4
74
43
41
75
44
28
19
30
30
3
.'22
407
26
26
505
275
252
323
288
130
71
9
206
297
310
19
82
83
11
193
252
14
7
(Continued on following page)
15?
oil
520
451
257
I64
500
330
243
38
61
2
2
15
66Q
363
26
18
6
10
4' .0
2
19
9
14
bonds
Dec.
June
Dec.
Mar.
Mar.
June
Sept.
Dec.
Aug.
Nov.
Feb.
Oct.
Feb.
Aug.
Aug.
Nov.
Feb.
Aug.
Aug.
Nov.
Feb.
375
376
:
Total Treasury notes.
Treasury
2-1/2^
2-1/2
2-1/2
2-1/2
2-1/2
2-1/2
2-1/2
2-1/2
3-3/4
3-7/8
4
4
2,799
157
378
467
547
368
154
37
37
8_
585
531
236
317
572
239
864
409
lb
5
11
49
3
6
30
1
31
4
15
7
5
2
4
7,98i;.
3,245
240
453
132
133
136
156
152
437
263
302
179
470
1,056
90?
763
568
452
390
368
501
624
385
440
251
24
24
89
50
50
11°
72
121
74
182
405
334
3
183
163
116
117
172
240
139
186
73
6
12
.
Aagust 1968
75
TREASURY SURVEY
Section
I
-
-
COMMERCIAL BANK OWNERSHIP, JUNE
30, 1968.
Interest-Bearing Securities Issued or Guaranteed by the United States Government
Table
3.
-
Public Marketable Securities by Issues
t
-
(Continued)
Par values - in millions of dollars)
Federal Reserve member banks
Held by
5.847
commercial
banks 1/
Issues
Treasury bonds - (Continued)
Feb.
1980
1%
1980
3-1/2 Nov.
1985
i-l/i. May
1987-9?
4-1/i Aug.
Feb.
1988-93
i
1989-94
4-1/8 May
1990
3-1/2 Feb.
184 Reserve city
3,649
member
banks
12
New York
City
149
144
77
190
132
131
64
154
23
9
15
42
2
2
2
22
60
14
149
19
49
Total Treasury bonds
25,504
21.7d3
2.50S
Total public marketable
securities
48.340
40,252
5,193
3
Feb.
Nov.
163
other
nonmember
:
17
3-1/2
Chi^Qfr'*
.-',193
3.465
countrv
167
1995
1998
23
41
58
27
36
1
1
S
3
3
13
77
15
35
18
4
11
90n
7,934
10,416
3.742
,857
13.311
19,891
3
i
4.
-
17
13
13
36
9
49
Footnotes at end of Section II
Table
44
68
54
22
32
Public Nonmarketable Securities by Issues
Treasury Bulletin
76
.TREASURY SURVEY
Section
II
-
-
COMMERCIAL BANK OWNERSHIP, JUNE
30, 1968.
Interest-Bearing Securities Issued by Federal Agencies but
Not Guaranteed by the United States Government
(Par Values
-
millions of dollars)
Federal
Held by
5,847
commercial
banks 1
Issues
Banks
5.60
5.65
5.80
5.90
6.20
fcr cooperatives
July
1968
Aug.
1968
Oct.
1968
Nov.
1968
Dec.
1968
(Debentures)
(Debentures).
(Debentures)
(Debentures)
(Debentures)
50
51
53
Total.
Federal home loan banks:
July
1968
5.15%
5-7/8
Aug.
1968
Sept.
5.70
1968
5.8'
Oct.
1968
5-5/8
Nov.
1968
5-1/2
Jan.
1969
Feb.
5.85
1969
5-3/8
Mar.
1969
Apr.
1969
6-1/i
6.30
Jxine
1969
6
Sept
1969
6
Feb.
1970
6
Mar.
1970
6
Apr.
1970
Reserve
banks
3.649
member
banks
12
9
New York
City
Chicago
19
46
39
33
38
163
(Notes).
(Notes).
(Notes).
(Notes).
(Bonds).
(Bonds).
(Notes).
(Bends).
(Notes).
(Bonds).
(Bonds),
(bonds)
(Bonds).
(Bonds).
3
10
15
15
7
43
b
76
20
15
55
32
30
30
61
20
36
74
49
22
39
33
3
1
4
24
1
5
6
1
19
2
6
28
26-
13
24
34
16
26
19
43
18
30
22
132
40'.
5
3
6
24
24
15
10
16
13
18
6
13
10
24
11
15
:
38-
(Bonds).
(Bonds).
(Bonds).
(Rends).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds),
(bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Bonds).
(Binds).
(Bonds).
(Bonds).
Footnotes at end of table.
il
18
16
34
49
38
28
59
Total
Total.
18
<?5
67
51
2,198
nonmember
banks
3
26
17
11
100
74
42
47
42
79
26
49
84
73
33
3,465
country
other
241
Federal intermediate credit banks
(Debentures)
Federal land banks:
1967-72
i-l/8« Feb.
Oct.
1967-70
i-1/2
Aug.
1968
A-l/A
5-1/2
Oct.
1968
Dec.
5.95
1968
Jan.
4-3/4
1969
Mar.
4-3/8
1969
5.60
Apr.
1969
4-5/8
July
1969
July
4-1/4
1969
Sept.
6-1/4
1969
Oct.
4-1/4
1969
1970
5-3/4
Jan.
Feb.
6.30
1970
Feb.
5-1/8
1970
Apr.
3-1/2
1970
6.20
Apr.
1970
6
July
1970
5-1/8
July
1970
May
3-1/2
1971
3-7/8
Sept.
1972
5-7/8
Oct.
1972
Feb.
1973-78
4-1/8
Feb.
4-1/2
1974
Apr.
4-3/8
1975
Feb.
5
1976
5-3/S
July
1976
5-1/8
Apr.
1978
Jan.
1979
5
meir,ber
185 Reserve city
5
i
7
29
5
102
46
3
4
23
73
28
61
3
6
2
7
5
73
10
56
1
3
25
7
57
53
57
42
16
16
17
23
25
87
60
11
6
8
4
60
41
35
8
25
o
17
95
64
4
64
46
5
4
7
26
10
38
17
21
28
9
8
13
5S
.
U
30
5
1
18
57
26
53
4
049
3
37
3
3
1
14
18
20
6
6
11
2^
J^
_i5b.
1
5
15
12
22
27
2
7
31
18
1
n
4
3
13
4
3
4
18
(CLintinued on following page)
4
17
25
10
11
12
5
U
756
30
46
6
2
?
6
29
18
26
560
3
3
8
2
2
14
August 1968
77
.TREASURY SURVEY
Section
II
-
-
COMMERCIAL BANK OWNERSHIP, JUNE
Interest-Bearing Securities Issued by Federal Agencies but
- (Continued)
Not Guaranteed by the United States Government
(r&r values - in millions of dollars)
h'
^
30, 1968-
Includes trust corapanies and stock savings banks but excludes securities held in trust departments.
United States savings bonds. Series J are reported to the Treasury
Survey at maturity value but have been adjusted to current redemption
78
Treasurij Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, JULY
Current market quotations shovm here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.
Table
Amount outstanding
(miili ^ns)
1. -
31,
1968.
The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.
Treasury Bills
August 1968
79
.MARKET QUOTATIONS ON TREASURY SECURITIES, JULY
Table
3. -
Treasury Bonds
(Price decimals are 320^3)
31,
1968.
Treasury Bulletin
80
MARKET QUOTATIONS ON TREASURY
SECURITIES, JULY
31.
1968
'
,
August 1968
81
AVERAGE YIELDS OF LONG -TERM BONDS
Table
1.
-Average Yields of Treasury and Corporate Bonds by Periods
(Percent per annum)
Moody s Aa
corporate
bonds
'
-rea^^ury
bonds 1/
Treasury
bonds 1/
Ar;nu^.l
IV-W
19i5
19i6
19i7
19i8
1949
1950
1951
series
-
2.U
2.31
2.32
2.57
2.62
2.53
2.61
2.82
2.66
2.62
2.86
IV 5 3
1954
1955
1956
1957
1958
1959
Treasury
bonds 1
corporat'-
bonds
calendar year averages of monthly series
2.4-8
2.37
2.19
2.25
Moody's Aaa
2.96
1960
20
90
1<=61
1
.55
2
,
.84
3.06
.03
.47
3.3fc
3.89
43
4.08
1962
1963
1964
1965
19'30
4.38
14d7
4.02
Moody'
s
Aga
corporate
bonds
Treasury Bulletin
82
AVERAGE YIELDS OF LONG -TERM BONDS,
o
o
QQ
LU
OH
o
a.
(X.
8
Q
(/)
Q
_i
UJ
>UJ
LU
3
....
.
August 1968
83
INTERNATIONAL FINANCIAL STATISTICS.
The tables in this section are designed to provide data
dollars" of the Fund be excluded from the data on liabilities
on United States reserve assets and liabilities and other
to foreigners, in order to avoid double counting.
statistics related to the United States balance of payments and
explanation of this change in the liabilities statistics, see
international financial position.
A number of changes were
headnote to "Capital Movements" section.
introduced in the May 1967 Bulletin to increase the usefulness
Table
of this section.
3
(formerly Table 5), presenting an area breakdown
of United States liquid liabilities to official institutions
Table 1 has been revised to include in the reserve assets
of foreign countries, has been revised to include holdings of
of the United States its reserve position in the International
Monetary Fund.
For further
convertible nonmarketable United States Government securities
In accordance with Fund policies the United
with an original maturity of more than one year.
States has the right to draw foreign currencies equivalent to
this amount virtually automatically if needed.
Table
(Under appro-
<V
(formerly Table 2) is virtually unchanged and
shows United States Treasury nonmarketable bonds and notes
priate conditions the United States could draw additional
issued to official institutions of foreign countries.
amounts equal to the United States quota of $5,160 million.)
Table
This revised presentation corresponds to the treatment of
sets forth the factors which affect the United
States position in the International Monetary Fund.
United States monetary reserves in the United States balance of
payments accounts.
Table 6 (formerly Table 3) presents United States net
Table 2 brings together the various statistical components
monetary gold transactions with foreign countries and inter-
of the liabilities which enter into the United States balance
of payments calculated on the liquidity basis.
national and regional organizations.
1.
1
-
of foreign countries and international institutions, was
discontinued in the May 1967 Bulletin.
requires that the "holdings of
Gold Stock, Holdings of Convertible Foreign Currencies,
and Reserve Position in the International Monetary Fund
U.S. Reserve Assets:
',
In millions of dollars)
Gold E'_ock 1/
End of
Total
calendar year
or month
reserve
assets
Cunvert-ible
foreign
currencies
Total
2/
1/
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
1959.
1960.
1961.
1962.
1963.
1964.
1965.
1966.
1967.
U,830
August. .
Septemoer.
October.
November.
December.
.
.
1968- January..
February.
March
April
May
June
July.
1/
2/
y
.
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806
13,235
12,065
Reserve
position in
International
Monetary Fund
V
22,7R1
20,53..
19,456
17,767
16,889
15,978
15,513
15,388
13,733
13,159
11,982
y
y
2,345
1,997
1,555
1,690
1,064
1,035
769
863
326
420
116
99
212
432
781
1,321
13,136
13,075
13,077
13,039
12,965
12,065
13,108
13,008
13,006
12,905
12,908
11,982
719
1,162
1,200
1,509
2,092
2,345
369
368
372
379
381
420
11,984
11,882
10,484
10,484
10,384
10,367
2,176
2,235
2,746
2,804
3,386
2,479
441
655
477
U.063
12,003
11,900
10,703
10,547
10,468
10.681
489
494
903
14,366
10,676
10,367
2,773
917
14,224
Iv67-July
The former Table U,
which presented the estimated gold reserves and dollar holdings
The inclusion
of the United States reserve position in the International
Monetary Fund in Table
Table
5
U,605
14,649
14,927
15,438
14,830
14,620
14,790
13,926
13,840
14,348
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the International Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases.
For corresponding liabilities see Table 2.
Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the Treasurer of the United States," Table 4.
Includes holdings of Treasury and Federal Reserve System.
^
y
y
In accordance with Fund policies the United States has the right to
draw foreign currencies equivalent to its reserve position in the
Fund virtually automatically if needed. Under appropriate conditions
the United States could draw additional amounts equal to the United
States quota. See Table 5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
In figures published by the
became effective on February 23, 1966.
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
84
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table
2.
-
U.S. Liquid Liabilities to Foreigners
(In millions of dollars)
End of
calendar year
or month
Total
liquid
liabilities
to all
foreigners
Liabilities to International
Monetary Fund arising from
gold transactions
Liabilities to foreign countries
Official institutions
Short-
Gold
deposit
1/
Gold
investment
^
85
August 1968
.INTERNATIONAL FINANCIAL STATISTICS.
Table
3.
-
U.S. Liquid Liabilities to Official Institutions of Foreign Countries, by Area
(in millions of dollars)
End of
1/
86
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS.
Table
5.
-
U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S.
Calendar year
or month
Paymentii
of
subscriptions in
dollars
19i6-5V
1953
1959
I960
1961
1962
1963
196i
1965
1966
1967
Transactions by
'"t'>i> r
countries
with IMF
transactions with IMF
i^et
gold
sales
by IMF
1/
S'-'
'
Drawings
of
foreign
currencies 2/
IMF net
income
dollars
Drawings
Repayments
of
in
dollars
dollars
2,664
-252
-139
-i5
-2
'
1.031
2
-U9
11
16
17
150
525
i35
680
-822
16
-110
-19i
18
12
15
-282
-232
-159
20
-lU
-3
-1
-3
1967-July
August.
September
October.
November.
December.
.
.
-10
-A
-39
19 68 -January.
1/
2/
-2A
775
U2
1,336
1X2
-135
626
5
17
29
266
165
1,313
-9i
-2
1
-k
-7
-2
-39
-21
-214
-216
-23
178
-U
-12
May
-5
June
-7
-i08
July
-!
.
The initial U.S. quota in the International Monetary Fund was $2,750
million.
The U.S. quota was increased to $4,125 million in 1959, and to
$5,160 million in February 1966. Under the Articles of Agreement,
subscription payments equal to the quota have beeri made 25 percent in
gold and 75 percent in dollars.
Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposit or gold investment (see Table 2).
Represents purchases from the Fund of currencies of other members for
equivalent amounts of dollars.
The United States has a commitment to
repay drawings within 3-5 years, but only to the extent that the Fund's
holdings of dollars exceed 75 percent of the U.S. quota.
Drawings of
dollars by other countries reduce the U.S. commitment to repay by an
equivalent amount.
y
J
V
of
U.
S.
quota
827
271
580
521
719
207
U. S.
Percent
Total
change
February.
March .
April
.
Note:
IMF holdings
of dollars at
end of period
-409
775
792
2,128
2,570
2,435
3,061
3,090
28
29
52
62
59
74
reserve
position
in IMF
at end of
period
2/
1,975
1,95s
1,997
1,555
1,690
1,064
1,035
769
863 2J
3,356
3,521
4,834
4,740
75
81
85
94
92
4,791
i,792
4,788
4,781
4,779
4,740
93
93
93
93
93
92
4,719
4,505
4,683
91
87
91
4,671
4,666
4,257
90
494
83
903
4,243
91
326
420
369
368
372
379
381
420
441
655
Lrn
489
917
Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund's holdings of dollars), which is
the amount that the United States could draw in foreign currencies
virtually automatically if needed. Under appropriate conditions, the
United States could draw additional amounts equal to the United States
quota.
Represents $600 million IMF gold sale to United States (1957), less
$6 million gold purchase by IMF from another member with U.S. dollars
(1948).
Includes $259 million gold subscription to the Fund in Jixie 1965 for
a U.S. quota increase which became effective on February 23, 1966.
In figures published by the Fund from June 1965 through January 1966,
this gold subscription was included in the U.S. gold stock and
excluded from the reserve position.
August 1968
87
INTERNATIONAL FINANCIAL STATISTICS,
Table
6.
-
U.S.
Net Monetary Gold Transactions
with Foreign Countries and International and Regional Organizations
(In millions of dollars
at,
$35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net acquisitions)
Treasury Bulletin
88
.CAPITAL
MOVEMENTS.
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 656O of January 15, 193^, Executive Order 10033 of February 8, 1949, and Treasury regulations
Information on the principal types of
promulgated thereunder.
data and the principal countries is published monthly in the
"Treasury Bulletin." Reports by banks, bankers, securities
brokers and dealers, and nonbanking business concerns in the
United States are made initially to the Federal Reserve Banks,
These
which forward consolidated figures to the Treasury.
statistics are consolidated by the Treasury and published as
promptly as possible.
The reporting forms and instructions used in the collection of the statistics have been revised a number of times.
The most recent general revision became effective with reports
covering data as of May 31, 1963.1/ A detailed description
of the content of the statistics, including the changes instituted in 1963, appeared in the July 1963 issue of the "Treasury
Bulletin," pages 79-81. As a result of changes in presentation
introduced in that issue, not all breakdowns previously
published will be exactly comparable to those now presented.
B asic
definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad and the foreign subsidiaries and offices of United
States banks and business concerns; the central governments,
central banks, and other official institutions of foreign
countries, wherever located; and international and regional
organizations, wherever located.
In general, data are reported opposite the foreign
country or geographical area in which the foreigner is domiciled.
Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs.
Data pertaining to
international and regional organizations are reported opposite
the classification "International," "European regional,"
"latin American regional," or "Asian regional," as appropriate,
except for the Bank for International Settlemen-^s and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less, without
deduction of any offsets.
"Long-term" refers to obligations
having an original maturity of more than one year, and includes securities having no contractual maturity.
Exclusions
The data published herein do not cover all types of
capital movements between the United States and foreign
The data reported to and published by the Treasury
Department exclude entirely the intercompany capital transactions of business enterprises in the United States with
their own branches and subsidiaries abroad or with their foreign parent companies; such transactions are reported by
business firms to the Department of Commerce.
Data on the
capital transactions of the United States Government and on
shipments and receipts of United States currency are also
excluded from the Treasury reports.
Certain capital transactions not effected through reporting institutions, such as
securities transactions carried out entirely abroad, are not
recorded in the Treasury reports.
Consolidated data on all
countries.
types of capital transactions are published by the Department
of Commerce in its regular reports on the United States
balance of payments.
The liabilities data exclude U.S. Treasury letters of
credit, and nonnegotiable, noninterest-bearing special notes
of the United States held by the Inter-American Development
Bank and the International Development Association.
Beginning with the May 1967 Bulletin, data on short-term
liabilities to foreigners have been revised to exclude the
holdings of dollars of the International Monetary Fund derived
from payments of the United States subscription and from the
exchange transactions and other operations of the Fund.
(Liabilities representing the "gold investment" of the Fund
continue to be included.) This change in the treatment of the
Fund's "holdings of dollars" is related to the revision of the
table on United States monetary reserve assets (see "International Financial Statistics" section, Table 1) to include the
United States reserve position in the International Monetary
Fund.
The Fund's "holdings of dollars" do not represent United
States liabilities to foreigners in the same sense as do other
reported liabilities to foreigners.
They are more accurately
viewed as contingent liabilities, since they represent essentially the amount of dollars available for drawings from the
Fund by other member countries.
Changes in these holdings
(arising from United States drawings and repayments of foreign
currencies, from drawings and repayments of dollars by other
countries, and from other dollar operations of the Fund) give
rise to equal and opposite changes in the United States gold
tranche position in the Fund, which in the absence of United
States lending to the Fund, is equal to the United States
reserve position.
Since the reserve position is included in
United States reserve assets, it is necessary, in order to
avoid double-counting, to exclude the Fund's "holdings of
dollars" from United States liabilities to foreigners.
This
revised presentation conforms to the treatment of these items
in the United States balance of payments and the international
investment position of the United States.
The data on securities transactions and on foreign
holdings of U.S. Government bonds and notes exclude nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series (see "International Financial Statistics" section.
Table A).
Presentation of statistics
Data collected monthly on the Treasury Foreign Exchange
Forms are published in three sections.
Section I provides a
summary of the principal data by period; Section II presents
data by country and by period; and Section III shows detailed
breakdowns of the latest available preliminary data.
Beginning with the May 1967 Bulletin, publication of the
former Section I, Table 1, "Net Movements of Banking Funds
and Transactions in Long-Term Securities with Foreigners" was
discontinued.
Due to numerous breaks in the statistical
series, the usefulness of this table had become increasingly
limited in recent years.
Time series of the significant categories of data reported on the Treasury Foreign Exchange Forms,
from which this table was derived, are available elsewhere in
this section.
Section IV presents supplementary data which are reported
less frequently than monthly but which are published monthly.
1/ Copies of the reporting forins and instructions may be obtained from the Office of Balance of Payments Programs, Operations and Statistics, Office of
the Assistant Secretary for International Affairs, Treasury Department, Washington, D.C. 20220 or' from Federal Reserve Banks.
.
7
.
"
...
3
4
1
1968
Atufust
89
.CAPITAL MOVEMENTS.
Section
Table
1.
-
Banking
I
-
Summary by Periods
Liabilities to
and Claims on Foreigners
1/
(Position at end of period in millions of dollars)
Short-term liabilities to foreigners 2/
End of
calendar year
or month
WAS.
Payable in dollars
Total
shortterm
liabilities 2/
Foreign countries
Official
institutions
Foreign
banks
Short-term claims on foreigners
Payable
International
Other
and
foreigners regional2/
Payable in dollars
Total
longterm
liabilities
in
foreign
currencies
Total
shortterm
claims
1961.
1961 6,/.
1962
1963....
6,883.1
6,475.3
5,519.3
6,326.6
6,329.3
7,340.2
7,077.8
9,257.9
10,265.6
11,353.9
11,894.9
13,796.8
14,383.3
15,366.8
17,261.2
18,701.4
20,015.2
20,097.5
21,958.0
22,877.1
1964 2/ 10/.
25,517.8
2/ 13,220.3
1965 IJ/....
25,550.7
13,065.9
7,359.7
3,587.2
1,478.6
1966 12/....
27.723.7
27,599.3
11,967.5
12,022.5
10,022.9
9,864.0
3,743.3
5,743.3
1,380.6
1,380.6
609. 4 7/
1967 12/
30,697.3r
30,546.0
13,924.3
13,916.5
ll,134.8r
4,126.2
4,ia7.7
1,282.9
1777779"
229.1 7/
2.500.7
1967- June.
27,337.3
12,377.3
9,277.2
3,825.2
1,361.8
495-8
.".472.3 8.261.4
27,794-5
28,494.9r
28,833.Sr
29,959.4r
31,249.7r
30.697.3r
30,546.0
12,438.8
12,357.6
12,664.9
13,192.7
14.185.3
13,924.3
13.916.5
9,632.3
10,495.7r
10,555.3r
ll,187.7r
3,812.4r
3,830.3
3,906.8
3.982.5
4,076.4
4,126.2
4.127.7
1,408-5
1,378.6
1,328.1
1,314.7
1,347.9
1,282.9
] ,277.9
4,045.6
4.090.9
1,283.5
1946.
1947.
1948.
1949.
1950.
1951.
1952.
1953.
1954.
1955.
1956.
1957.
1958.
1959.
1960.
July
August
September.
October
November. ...
.
December 13/
1968-January.
February.
March.
April.
tfay p
June p
6/
7/
8/
2/
.
.
.
.
.
VJ
.
.
4,179.0
2/
3,043.7
1,831.9
2,836.3
2/
2,907.7
2,064.0
3,615.5
3,547.6
2,528.2
2,569.8
4,654.2
5,666.9
2,529.3
6,770.1
2,530.4
6,952.8
2,943.1
8,045.4 5/3,362.9
7,916.6 1/3,413.0
8,664.9
3,460.5
9,154.3
4,601.1
10,212.3
4,704.8
10,893 .2
5,299 .5
10,893.3
5,380.4
11,915.3
5,251.0
12,436.9
5,713.0
y
30.700.2
13,601.5
30,947.5
13.788.0
30,096.6
12,741.2
30,582.1
12,824.9
30,745.6 14/ 12,060.3
30,159.2
10,546.3
n
2,678,
2,922,
2,972,
2,947,
3,001,
1,392,
1,513,
1,675,
1,779,
1,805.
1,783.
2,029.
2,252.
2,430.
2,398.
2,229
2,355
2,356.
2,564.
3,046.
468.8
664.9
472.9
369.1
223.3
316.7
296.7
246.5
205.2
175.
309.
742.
751.
1,030.
1,U1,
1,316.6
1,316.6
2,083-9
1,547.0
2/7,213.4 2/ 3,376.39/1,618.0
11, 409. Or
ll.i34.8r
10,994-8
11,478.2
11,533.7
11,600.7
11,959.9
13,056.0
13,805.0
1,227.1
4,085. Ir 1,346.3
Uj
4,079.4 1,418.4
4,054- 31)^1 ,254.8
4,172-8 1,311-7
For exclusions see headnote on page 88.
Data exclude the "holdings of dollars" of the International Monetary
Fund.
For explanation see headnote on page 88.
Included with "Other foreigners."
Included with "Otlier claims."
Beginning in August 1956 and also in April 1957, certain accounts
previously classified as "Foreign banks" are included with "Official
institutions,
Differs from 1961 end of year data on the preceding line by inclusion
of liabilities and claims reported by a number of banks Included in
the series beginning December 31, 1961.
Includes reported liabilities to foreign official institutions beginning October 1961. Figures for selected dates are as follows:
end 1961. $46.3 million; end 1962, $47.9 million; end 1963, *30.1
million; end 1966, $516-5 million; end June 1967, J428.7 million;
end September 1967, $303.6 million; end December 1967, $151.8 million;
end March 1968, $217.3 million; end June 1968, $217-3 million.
Includes claims previously held but first reported as of May 31, 1963;
as of that date such claijns amounted to $85.6 million.
Also includes
laims amounting to $193-2 million reported by banks for the first
Lime as of December 31, 1963, representing in part claims previously
r.eld by banks but not reportedShort-term liabilities include a net increase of $50.8 million arising
"Official
from changes in reporting coverage, distributed as follows:
institutions" -$4-0 million, "Foreign banks" "$60.3 million, "Other
foreigners" +$22-5 million, and "Payable in foreign currencies"
25-5
40.6
49.7
70.4
51.0
44-9
72.2
61.4
43.7
43.2
40.3
48.8
59.0
59.4
77.2
113-1
150.4
150.4 2i
143.4 lA
134-1 2|
Official
institutions
1.0
Foreign
banks
160.9
176.6
241.9
400.7
2,624
350.9
290.3
3,614
4,762
328.5
4,820.
328.5
5,163.
358.9
186.0
5,974.
7,4tf'.
223-3
7,957 .2 10/ 220.8
271.2
7,631 ,7
7,734, 511 271.2
7,818,
256.5
256.5
7,853-4
100.3
319.6
292.9
361.2
222.7
151.1
177.2
122.9
156.5
206.5
328.1
405.4
385.5
439.4
497.6
524.3
699.4
709.2
952.6
954.9
1,373.6
1,402.5
1,565.9
1,567.1
730.3
1,739.3
8.611.1
306.3
306.3
4/
1.4
'14S.
4.':>
Payable
Loans to:
4/
4'
,018.
in
Other
foreigners
4/
4/
L/
4'
Other
claims
245.0
290.5
490.6
foreign
currencies
47-5
98.1
165.
100.4
110.8
240.6
91.8
78.4
Total
longterm
claims
175.6
140.7
227.5
187.7
216.7
390.4
403.9
440.5
324-9
440.9
670.9
839.4
1,173.8
1,362.1
1,545.1
1,698.4
2,033.8
2,033-8
2,160.4
3,029.8 8/
3,971.4
4,284.7 10/
1,149.8
1,130.4
1,132.0
1,143.3
1.144.9
557.1
494.3
328.7
503.4
627.9
451.5
584-1
660.0
883-8
1,121.6
1,076.7
1,098.2
1,837.8
2,531.1
2,573-9
2,652.9
3,429.4
4,158.8
4,559.6
4,190.2
4,272.2
4,260.1
4,295.6
1,602.6
1,615.7
1,241-6
1,241-6
5,022.2
5,022.9
424.6
424-6
3,894.8
252.6
1,553.2
1,111.3
4,944-5
399-7
3,839.0
502-6
2.458.1 8,231.9
2,524.0 8,281.9
432-2
378-7 7/ 2,314.3 8,337.8
281.7
2.283-9 8,267.5
231.1
2,344-7 8,360.4
229.1 7/
597.3
2,500.7
8,611.1
229.1 7/
260.8
286.9
270.7
269.5
263.8
306.3
306.3
1,482.8
1,496.8
1,594.6
1,555.9
1,565.6
1,602.6
1.615.7
1,127-2
1,134-1
1,181.0
1,151.7
1,204.0
1.241.6
1.241.6
4.946.2
4,853-7
4,869-8
4,857-2
4,916-9
5,022.2
5,022.9
415.0
510.4
421.8
433.2
410.0
424-6
424-6
3,843.1
3,893.9
3.910.7
3,980.4
3.960.8
2.502.6 8, 44].
291.4
307.7
2,519.5 8,538.4
323.3 7/ 2,554.7 8,397.3
2,615.2 8,393.6
299.5
320.1
2,712.2 8.333.6 U/
323. 42/ 2,732.8 8,261.6]
292.9
302.9
305.9
278.3
1,556-9
1,651-9
1,526-9
1,563-4
1,620.9
1,613.1
1,227-1
1,215.4
1,215-6
1,194-0
1,200.6
1,162.3
4,962.2
5,002.2
5,024-0
402.6
366.1
325-0
346.8
5,011.1
4,922.813021.1
325-1
4,875-3
3,832.8
3,767.4
3,692.6
3,756.2
3,771.6
3,718.9
89.9
4'-'
1.8
? 7
2
1.2
9.9
1.6
.8
7.5
2.2
2.2
7.3
(ft.i.
310.2
2/
59.3
513.5
7/'
1
,494.0
10/
11/
12/
13/
14 /
p
r
968
1,048
904
1,386
1,548
1,945
2,199
2,542
73.4
86.1
87.9
85.2
•'43-0
268.
285.9
104.2
109.8
131.7
109.8
142.0
235-6
330.4
303.0
427.5
460.
482.1
617.6
622.4
641.8
773.9
1,054. 6
101.
211.
163.
149.
147.
197.7
217.2
479.6
585.6
5357r
557.1
630.8
659.0
624.5
474.0
491.9
419.8
4507
4,516.9
4,179.7
3,894.8
Uj
-$27.9 million.
Data on claims below the line differ from claims above the line because of the exclusion as cf December 31. 1964 of $58-1 million of
short-term U-S. Government claims previously Included; and because
of the addition of $545.9 million of short-term claims and $313-3
million of long-term claims arising from the inclusion of claims
previously held but first reported as cf December 31 » 1964, and from
revisions of preliminary figures.
Data on claims below the line differ from claims above the line because of the addition of short-term claims held in custody for
domestic customers but reported by banks for the first time beginning
December 31. 1965. and short-term claims reported by banks reporting
for the first time.
Data on liabilities and claims below the line differ from data above the
line because of changes in reporting coverage and classification effective December 31, 1966, and because of revisions of reported data
beginning December 31, 1966.
Data on libilities and claims below the line differ from data above the
line because of changes in reporting coverage effective December 31, 1967.
Includes liabilities and claims previously held but first reported as of
May 31, 1968, as follows: total short-term liabilities $22.9 million,
of which $21.6 million due to foreign banks, and $1.2 million due to
"other foreigners"; total short- terra claims $19.2 million; and total
long-term claims $75.7 million,
Preliniinary.
Revised.
Treasury Bulletin
90
.CAPITAL
Table
2.
-
MOVEMENTS.
Section I - Summary by Periods
Purchases and Sales of Long-Term Domestic Securities by Foreigners
1/
(In millions of dollars; negative figures indicate a net outflow of capital -from the United States)
U.S. Government bonds and notes 2/
Corporate and other
Calendar year
or month
684.2
283.3
330.3
333.6
294.3
1,356.6
231.4
728.0
792.7
812.1
1,018.3
718.3
1,187.6
528.0
1,603.0
1,231.5
2,507.9
1,196.2
1,487.1
1,153.0
1,296.0
628.9
-269.7
61.5
-47.9
96.4
942.1
-683.0
302.3
-82.0
8.2
529.0
-135.0
-52.1
36.3
688.9
126.6
512.2
-728.0
670.9
-337.7
-75.8
-615.8
-43.5
-58.7
-19.6
-245.2
48.4
218.7
562.9
-344.3
-362.8
29.5
24.1
5.4
,
I96S- Jan. -June p
1967-June
July
August
September.
October.
November.
December.
.
.
.
.
1968- January.
February.
March
April
May p
June p
.
1/
2/
3ii.3
282.4
430.0
1,236.4
673.6
533.7
646.0
800.9
1,341.1
883.4
666.1
1,223.9
1,216.9
1,729.6
1,743.7
1,779.9
1,867.1
1,149.4
1 077
680.2
585.4
ai.5
1946
19i7
19i8
1949
1950
1951
1952
1953
195i
1955
1956
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
1967
.
.
Foreign countries International
and
Official
Other
regional
Purchases
.
11.7
3'3.7
.
21.5
16.2
51.3
19.0
43.6
62.7
32.7
14.1
42.5
23.1
-269.7
-13.0
-55.4
9.4
824.2
-663.7
292.7
-96.7
-60.0
561.7
-204.9
117.0
-236.7
523.9
-97.9
-20.0
-206.6
369.1
.1
12.7
23.0
11.1
8.0
-1.9
2.8
.7
.3
For exclusions see headnote on page 88.
Through 194.9, includes transactions in corporate bonds.
4,757.9
1,014.7
1,540.4
699.7
1.35.8
63.9
110.7
252.8
159.4
325.9
187.9
132.3
178.3
137.3
146.7
217.8
433.6
310.2
96.4
115.5
12.7
108.1
-245.8
-177.8
81.9
690.0
717.2
782.8
772.3
750.4
855.8
602.8
714.2
611.4
698.2
87.2
71.2
142.7
58.1
139.0
i57.7
202.3
64.6
255.7
-170.1
-58.7
249.8
249.8
385.6
206.6
238.8
586.5
224.3
127.7
125.1
174.5
207.0
214.2
173.2
122.1
260.5
32.1
31.8
372.4
51.1
893.5
641.5
882.0
1,049.4
1,182.5
1,123.7
726.5
563.5
634.6
788.7
1,100.4
944.2
167.0
78.0
247.3
260.8
82.1
179.5
111.1
296.8
187.6
300.8
410.9
233.3
-3.3
-19.8
-191.4
-65.0
-103.0
2.7
5,772.6
41.4
3.4
6.5
4.8
8.4
-178.0
-2.8
-.5
870.0
185.1
226.5
221.6
104.4
124.5
5.9
36.1
20.4
1,021.6
-3.3
-3.5
-.1
.2
-38.8
.4
-334.2
-89.1
-192.2
75.2
944.4
-584.3
314.9
-11.5
149.3
685.2
156.4
1,929.1
1,801.6
-13.8
10.3
-64.5
-150.6
-144.3
-21.2
2.9
120.3
1.0
55.2
135.0
127.5
256.0
142.6
-56.3
domestic
securities
201.7
32P.7
111.1
197.5
-349.1
-413.3
-333.3
753.4
-37.1
-2.6
Net
purchases
774.8
744.6
2,149.1
2,526.5
3,425.3
4,133.2
5,073.8
7,276.1
55.6
.2
.2
Sales
-.6
-21.6
11.7
15.3
6.1
28.7
35.3
51.3
17.3
72.6
50.1
-99.2
-51.3
9.3
176.3
38.3
1,036.0
313.5
36.1
95.1
56.4
29.5
-6.0
Purchases
367.6
226.1
369.7
354.1
666.9
739.8
650.2
589.1
1,115.1
1,561.2
1,619.5
1,306.4
1.397.3
2,224.4
1,976.5
3,067.3
2,260.2
2,724.0
3,076.2
3,719.9
4,740.5
8,029.4
i/
1/
2/
i/
107.7
120.0
200.1
212.8
289.7
324.7
287.1
310.2
361.4
368.8
442.4
316.9
307.7
255.7
46O.7
675.0
1,577.9
2,242.6
-19.3
4.9
8.6
-19.9
10.2
-91.8
8.2
-43.5
Net
purchases
74.5
7.5
87.0
117.9
-19.3
9.6
14.7
68.3
-32.7
70:0
-169.1
273.0
I64.9
224.5
532.2
-521.4
301.8
-315.2
-151.2
-427.0
-121.4
y^.o
16.6
7.7
71.2
8.8
-a. 8
Met
purchaser
of
Bonds 1/
Net purchases
2/
1/
1/
2/
108.3
141.6
188.5
197.4
283.6
296.0
251.8
258.9
344.0
296.2
39.-'.
3
416.1
359.0
246.4
284.4
636.7
5a.
1/
43;. 1
376.7
514.1
375.3
664.0
619.5
649.2
533.9
980.2
433.7
363.5
163.8
453.6
861.5
1-46.0
640a
•362.9
ia.8
-2.7
1,124-4
378.4
735.7
-668.2
877.8
-510.'^
-450.8
86.9
1,023.4
Through 19^9, included with transactions in U.S. Government bonis
and notes.
p Preliminary.
Less than $50,000.
**
.
4
1
,
8
A
5
August 1968
91
.CAPITAL
Section
Table
3.
-
I
-
Purchases and Sales of
(In millions of dollars;
MOVEMENTS.
Summary by Periods
Long-Term Foreign Securities by
Foreign stocks
Foreign bonds
Calendar
yea.' or
month
Purchases
755.9
658.7
211.6
321.2
589.2
500.4
495.3
542.5
792.4
693.3
606.5
699.0
889.0
945.6
882.9
801.9
1,093.3
990.5
914.8
19^6
19i7
19iS
19i9
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
Foreigners
negative figures indicate a net outflow of capital from the United States)
Net
purchases
Sales
490.4
634.3
291.4
311.5
265.5
24.5
-79.8
9.8
-121.0
-300.6
-182.1
-79.0
-48.8
183.9
-385.0
-693.1
-1,026.1
-512.0
-562.1
Purchases
Sales
Net
purchases
-91I..2
57.1
81.7
88.8
173.8
272.3
293.9
310.1
393.3
663.6
749.2
592.8
467.2
566.1
509.1
595.7
702.0
695.6
748.4
906.2
960.2
-1,165.3
880.1.
,037.1
-.4
14.6
-15.0
18.0
-24.4
-76.4
-35.8
6.8
-251.6
-214-3
-126.1
-29.1
-336.4
-237.7
-82.6
-370.0
-103.9
51.2
200.3
289.5
228.8
-156.8
65.2
65.6
42.6
96.7
70.8
198.2
348.7
329.6
303.4
Net purchases
of foreign
securities
Total
purchases
Total
sales
821.2
715.9
293.3
410.1
763.0
772.7
789.1
852.7
1,185.8
1,356.9
1,355.7
1,291.8
1,356.2
1,511.7
1,392.0
1,397.6
1,795.3
1,686.1
1,663.2
2,104.2
2,738.5
2,906.1
556.1
676.8
388.2
382.3
908.4
1,149.7
1,007.0
924.9
1,486.1
1,387.3
1,866.8
2,014.0
2,718.8
2,261.5
2,036.7
2,228.0
2,843.2
2,730.3
2,391.3
3,056.7
3,1.23.8
l.,228.2
-685.3
-1,322.1
265.1
39.0
-94.8
27.8
-145.4
-377.0
-217.9
-72.2
-300.4
-30.4
-511.1
-722.1
-1,362.5
-749.7
19i 7
198
1,778.3
2,025.8
710.2
801.0
677.4
621.5
841.3
509.4
991.5
1,392.0
1,915.1
1,457.6
1,445.0
1,262.4
2,037.3
2,086.0
1,843.1
2,440.1
2,692.5
3,191.1
1966-Jan.-June p
1,137.7
l,71l'.l
-576.1.
502.1
605.7
-103.6
1,639.8
2,319.7
-679.9
2'<7.9
309.1
-61.1
71.2
95.0
-23.8
310.1
I.OI..I
-8U.9
I'll.. 5
315.3
225.1
-171.3
67.6
67.1
-172.7
-'9.0
212.1
213.8
38I..8
-131.3
-130.8
-30.0
80.
-1.3.8
1.31.0
331.2
606.0
-117.1.
1.81.1*
77.5
69.0
106.0
12U.6
91.1
-1.1.
-13-7
1.17.1
-ll.U.1.
7I..9
89.1.
1I.3.9
91..
-60.8
272.7
1S6.9
216.8
1
1967- June
July
August
September.
October. ...
November . . .
December. ...
19^- January.
...
February.
March
April
May P
June p
p
. .
Preliminary.
,
.
lUe.T
350.2
195.2
lll.Q
122.5
326.0
11.1.9
266.1.
8U.9
261..2
157.''
269.1
325.'*
1.18.5
165.1.
362.0
305.2
185. U
99.''
21!..
9
-460.
-944.0
-1,095.4
-928.3
-1,242.1
-78.'.
-179.2
-111.7
-93.1
-196.7
119.8
-115.5
6a.9
877.9
875.2
621.9
803.7
803.8
591.7
965.6
805.9
644.3
548.2
616.6
731
-11..
231.3
3
155.1
68.1.
79.1
79.6
-10,
153.1*
-9.
227.5
11.7.8
-38,
1.35.1
566.3
78.9
109.6
-5.
238.6
1.1.1.0
-22,
392.1.
295.1
110.'^
-17,
192.8
325.1.
70.1
109.7
73-2
87.2
03.1.
-6u.7
-830.4
-1,047.9
-1,044.2
-728.1
-952.5
-175.0
-1.I..1.
1.21.5
-201..
31.3.3
31.8.7
-199.9
-121.2
-131.2
-202.3
97.3
-132.6
7
Treasury Bulletin
92
.CAPITAL
Section
Table
1.
-
II
-
MOVEMENTS.
Summary by Countries
Short-Term Banking Liabilities to Foreigners
^Position at end
v>i
period in millions of dollars)
1/
93
August 1968
.CAPITAL
MOVEMENTS.
II - Summary by Countries
Short-Term Banking Claims on Foreigners
Section
Table
2.
-
V
94
Treasury Bulletin
.CAPITAL
Section
Table
3.
I,
-
II
-
MOVEMENTS-
Summary
by Countries
Long-Term Banking Claims on Foreigners
Position at end of period in miiiions of dollars J
Calendar year
l'^68
Country
1964
Europe :
Austria
Belgium- Luxembourg 2/
13-i.9
86.5
56.8
66.1
66.3
159.5
50.3
Derjnark
Finland
France
Germany
Greece
Italy
Netherlands
^
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
7
Other Eastern Europe
382.
15.2
27.;.
.8
37.^
3.3
19.9
Total Europe
:
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
\sia:
China Mainland
Hong Kong
India
I:.donesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia
Africa
Congo Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
(
Total Africa
Other countries
Australia
All other
:
Total other countries
Interna,tlonal and regional
Grand total
8
B2.1
73.1
109.1
37.3
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1965
,
,
1966
1967
February
Marcfi
April
May p
.1/
June p
)
i%8
Aagust
95
MOVEMENTS.
.CAPITAL
Section
Table
iTrj
thousands
c-f
4.
-
II
Net Transactions
Summary
-
in U.S.
iollars: noeative figures indicate net sales by foreigners or a net outflow of capital from the United States)
'''ilendqr
year
1Q68
1968
through
June p
Coxintry
1965
Europe
Austria
Belgiuro-Luxembourg 2/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe
by Countries
Government Bonds and Notes by Foreigners!^
1966
1967
January
February
March
April
May p
:
.
-1
-f;^o
-1,101
-203
-867
-550
-229
1,000
-67
-4
za
6
-59
-105
22
3
-15,719
9,998
17
13^,205
429
-254
3,768
-205,275
31,8a
51,933
9,480
25,485
7,872
78A
615
189
-14,167
-U
-17
-12,997
-^8,866
-92
-20
356
-1,301
l,9i2
91
57
-61
-50
-7
la
1,11^^
-495
-15
1,000
-211
-3
-2,981
-91
-4,613
16
-100
-501
-958
2,000
-367
355
-2,991
-11
-13
-2,982
-1,100
4
20
-37
15
16
-902
2,000
209
-154
-32
259
7,765
-3,200
2
-7
-95
'.
-172
-178
-88
-41
85,8^6
-201,339
37,7Q9
30,864
9,221
21,d19
-5,339
-U,280
15,638
23,990
-338,681
-139,045
-63,450
-«,625
2^
51
-105
-19
104
-19
-639
-41
-6,402
=53r
Wei
:
.
-.
32
-139
-6
-6
12
19
2
-6^7
138
-76
-28
270
620
lU
135
-219
-1,896
-798
-62
1Q7
American Republics...
Bermuda
Antilles and Surinam.
America
70<^
1,130
Total Latin America
-29
582
-119
-6
158
-5
-229
16
17
24
148
119
1,426
18
-109
1,489
79
45
-223
-1,078
-1,135
-13
6
39
-22
-7
10
34
-510
-289
17
lU
-29
-318
365
1,183
12
11
-49
-5
-509
-262
25
-131
101
3,98A
-U6
-61
1
-105
25
-2,0^6
-216
12,611
98
-51°
12,294
2^3
10
-25
-119
81
110
-125
215
1
-1,028
1
-10
20
-10
43
35
11
Total Asia
Africa :
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
16
-23
10
10
885
1«5
-2
-12
885
-3
-3
-460
-460
79
-421
20
124
1
A
3
8
-506
Total Africa
4,186
4,ig6
Other countries :
Australia
All other
68
o
Total other countries
International and regional
International
European regional
Latin American regional
Asian regional
-127
104
-2,117
1,606
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
-19
-7
77
:
Total international and regional.
For exclusions see headnote on p
-U8,393
-428,682
-81,583
-39, 130
-2,722
1,718
-40,339
2,220
-130
724
263
168
-39,200
232
403
502
Grand total
1/
-1
-35
1,215
-63
7,835
-268
16
-30
-215
-22
-1,534
-24
508
Canada
Peru
Uruguay
Venezuela.
Other Latin
Bahamas and
Netherlands
Other Latin
33
-U3
-3.''
Total Europe
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
-29
126
,ge
-151,115
-426,964
-121,420
-37,110
724
263
38
232
-38,797
-75,8^2
-615,829
-43,471
-344,268
-178,048
-41,762
-91,829
8,225
-43,544
88.
2/
p
Through 1967, Luxembourg included in "Other Western Europe."
Preliminary.
96
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section II Summary by Countries
-
Table 5. - Net Transactions in Long-Term Domestic Bonds,
Other Than U.S. Government Bonds and Notes, by Foreigners
(In thousands of dollars; negative figures indicate net sales by I'oreigners or a net outflow of capital from the United States)
Calendar year
Country
1965
Europe
Austria
Belgium -LuKembourg l/.
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l/
U.S.S.R
Other Eastern Europe
19 o6
:
3^3
8,203
-3,59-i
7
17,0^3
^,o65
7
-^,362
50
23,051
606
922
3,207
51,195
-87
-123,^30
1,2^1
—
Total Europe.
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela ,<.
Other Latin American Republics
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
:
.
—
.
Total Latin America.
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
Total Asia.
Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
Total Africa.
Other countries i
Australia
All other
Total other countries.
International and regional
International
Eiiropean regional
Latin American regional...
Asian regional
:
Total international and regional.
Grand total
I'^Gl
1^68
1968
through
June p
February
March
April
May
p
Auqast 1968
97
.CAPITAL
Section
Table
(In thousands of inllars; negative
6.
-
II
-
MOVEMENTS.
Summary by Countries
Net Transactions
in
Domestic Stocks by Foreigners
98
Treasury Bulletin
.CAPITAL
Section
Table
(In thousands of dollars
7. -
Net Transactions
II
in
-
MOVEMENTS.
Summary by Countries
Long-Term Foreign Bonds by Foreigners
)
August 1968
.CAPITAL
Section
Table
8.
-
II
-
MOVEMENTS.
Summary by Countries
Net Transactions
in Foreign
Stocks by Foreigners
(in thousands of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
I'^'D?
Austria
-13
BelgiuiR-Luxerabourg 1/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
N orway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.S.S.R
Other Eastern Europe
Total Exirope
^,967
21U
-261
-17,729
27,i59
5
789
90,199
-116
85
1,078
5,631
U,736
205
^,600
-505
uo
131,^16
Canada
16^,116
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
:
-67
^81
126
15
-7,916
-79i
3^8
-370
American Republics...
Bermuda
Antilles and Surinam.
America
Total Latin America
89
159
-10,929
-1,045
-100
-l'-S77Q
Asia:
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
L
1,575
-38
3
:
Total Asia
145
9,177
-1,012
-13
1
224
10,Q66_
Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
:
Total Africa
Other countries
Australia
All other
-499
:
Total other countries
International and regional :
International
European regional
Latin American regional
Total international and regional
Grand total
-16
-30
-291
-7
-155
100
Treasury Bulletin
.CAPITAL
Section
II
-
MOVEMENTS.
Summary by
Table 9.- Estimated Holdings of U.
S.
Countries
Government Bonds and Notes
August 1968
101
.CAPITAL
Section
Table
1.
-
III
-
MOVEMENTS.
Preliminary Details by Countries
Short-Term Banking Liabilities
to Foreigners as of
June
30, 1968
1/
(Position in thousands of dollars)
Short-term liabilities payable in dollars
Total
shortterm
Countr7
To foreign banks and official institutions
U. S.
U. S.
Deposits 2/
liabiUties
Treasury
bills and
certif-
Treasury
Deposits 2/ bills and
certif-
Other
in
foreign
currencies
Other
icates
icates
Europe
Austria
Belgium-Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eas tern Europe
Short-term
liabilities
payable
To all other foreigners
:
,
,
,
,
Total Asia
Africa :
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
,
Total other countries
Total international and regional
1/
2/
35
2,066,314
1,010,792
760,656
53,333
19 n, 803
2,101,525
282,773
139,709
305,291
261,460
17,225
26,606
1,622
129
27,206
43,454
1
560
1,372
302,058
78,942
162,375
93,387
6,565
293,057
100,909
187,457
99,419
453,531
274,194
81,615
48,982
22,732
3,6Q8
1,375
730
1,291
170,141
796
2,478
459
1,803
80,239
6,824
6,135
255
305,759
80,684
163,424
95,850
6,685
313,398
124,637
192,983
109,418
457,221
284,110
93,903
68,541
23,060
3
30,917
1,764
94,197
133,094
81,277
103,347
934
235,117
20,217
82,089
28,396
283,340
187,789
102,666
20,078
1,509
4,173,248
1,835,283
1,374,050
119,511
341,722
2,319,673
2,205,223
36,209
243, U3
383,916
73,909
143,003
2,536,905
172,145
270,610
196,002
689,364
654,941
30,587
103,498
354,110
66,188
133,280
2,492,569
168,283
184,013
180,396
682,041
536,249
30,587
74,587
52,655
65,883
108,632
1,067,931
148,646
153,587
129,400
267,727
229,482
794
283,708
4
2,251
455,468
28,117
17,747
22,397
969,170
19,637
30,426
42,496
6,911
172,987
5,622
139,800
29,055
7,721
9,723
43,349
3,862
86,314
15,606
7,322
115,850
5,622
134,694
28,577
7,721
9,408
40,267
3,756
lU
15,553
7,308
111,379
5,400,417
4,931,214
2,329,117
1,310,189
464,224
446,429
21,437
21,023
46,800
19,452
261,284
18,991
17,865
39,4i2
16,675
218,240
8,144
17,393
37,378
13,609
137,176
10,600
2,750
72,841
247
472
2,061
316
8,223
2,446
3,158
7,056
2,777
42,971
2,446
2,595
7,043
2,777
41,583
79
1.309
369,996
311,213
213,700
86,194
11,319
58,408
56,444
79
1,
239,233
29,101
227,732
20,090
111,072
15,966
95,574
9,317
8,821
4,572
95
5,065
268,334
247,822
127,038
95,586
21,086
4,112
25,1°8
14,382
13,393
97
1,216,466
10,176
74,171
146,178
8,950
32,987
7,419
1,004,730
58
58
lo,7r:i
17:
1,216,408
10,176
74,091
10,719
171
1,311,705
1,311,565
195,705
1,014,830
101,030
140
140
30, 15°, 155
25,662.870
15,600,886
6,066,503
?.°°5.481
4,172,910
3,743,74?
U5,724
113, /103
/110,663
337,713
1<W,163
509,866
1,7^0,555
2i,807
6,966,420
51,035
297, U6
4,839
iO,082
379,564
257,227
82,514
490,442
1,458,969
21,230
6,738,104
50,046
133,167
4,615
33,127
102,566
251,831
68,529
102,999
528,817
20,965
6,274,268
15,215
86,958
4,353
34,612
15,793,733
14,501,766
9,259,751
2,841,722
2,524,007
429,276
257,904
245,353
200,588
7,619
788,764
150,084
277,592
138,290
742,429
591,701
219,344
99,458
24,846
123,025
176,677
81,838
104,720
934
473,261
21,013
84,590
28,855
285,151
307,573
1U,965
74,500
85,523
62,610
15,600
519,797
1,063,289
17,026
517,303
12,819
45,028
2
372,445
134,977
17
178,992
32,900
42,860
1
68,003
23
8
39,545
5,475
4,704
8,500
407,403
133,780
1,291,9
3
301
82,
571
51
226
9
6,353
575
1
5,304
6,874
1,061
1,456
3,483
853
47
295
7
12,747
28
20, 169
132
367
319
172
120
1,885
793
27
295
644
4,725
4,368
22
13,740
3,008
2,639
1,304
3,524
6,125
689
530
3,471
273
126,264
41,822
29
152
18,456
22,935
5,499
9,999
3,395
9,272
7,563
15,1'Sl
306
100,710
509
4,597
478
75
179
3,007
106
3,991
2,413
14
2,058
3,176
14,619
315
53
563
13
:
International and regional :
International
European regional
Latin American regional
Asian regional
African regional
Grand total
29
3,175,701
2U,671
1,701,565
151,963
937,567
Canada
Other countries
Australia
All other
4,426
44,982
10,601
4,998
70,310
60,112
37,227
38,059
23,248
29,403
79,861
57,443
18,106
126,656
3,549
136,484
957
12,119
224
1,891
18i,807
150,179
Latin America :
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinajn,
Other Latin America
Asia :
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
5,006
51,386
11,402
4,999
78,622
69,625
39,592
43,039
32,856
30,945
80,438
61,209
18,386
265,667
3,577
198,475
986
12,403
224
1,955
31,502
256,576
69,639
47,682
573,975
247,457
68,874
359,530
1,262,2a
Total Europe
Total Latin America
13
52,469
24,704
40,536
81,897
83,381
315,167
26,417
66,583
19,502
231,970
5,394
13,985
14,998
795,175
248
284, 8U
1,931
3,349
262
3,502
158,471
366,803
172,785
145,179
1,177,153
1,625,913
112,317
943,416
163,616
a9,535
,
12
6,800
3,300
65,500
1,226
34,304
2
401
491
171
For exclusions see headnote on page 88.
Grand total includes $12,249,340 thousand of demand deposits and
$3,351,5i6 thousand of time deposits, but excludes negotiable time
certificates of deposit, which are included in "Other."
^
87,650
341.51?
Grand total includes $1,69^^., ^36 thousand of demand deposits and
$2,0-i9,309 thousand of time deposits, but excludes negotiable time
certificates of deposit, which are included in "Other."
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section
Table
2.
III
-
Preliminary Details by Countries
as of June
Short-Term Banking Claims on Foreigners
(Position in thousands of dollars}
30,
1968
1/
.
.
August 1968
103
.CAPITAL MOVEMENTS.
Table
3.
-
Section III - Preliminary Details by Countries
Long-Term Banking Liabilities to and Claims on Foreigners as of June
30, 1968
(Position in thousands of dollars)
Long-term claims payable in dollars
Total
long-term
liabilities
Country
Total
long-term
claims
Long-term
claims
payable in
foreign
currencies
Loans
Europe:
Austria
Belgium -Luxembourg .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
500
203
50
355
1,556
11,022
139
122
iSi
Asia
4
189
19,609
19,609
666,572
641,243
193
^81
401, 9iO
397,126
353,266
4,814
;'37,98^
137,635
89,233
54,648
60,320
137,635
89,233
54,648
59,911
121,251
60,955
53,418
54,788
16,384
28,278
1,230
5,123
1,085
603
231
27,119
1,819
6,25^
5,299
582,402
66,426
145,156
48,552
86,410
127,285
22,986
13,919
2,240
578,003
66,426
48,552
86,213
127,285
22,986
13,919
2,240
544,142
66,191
139,938
48,376
79,741
124,901
22,850
13,831
2,194
33,861
235
5,218
176
6,472
2,384
136
88
5^8,921
1,437,212
1,432,207
1,332,576
99,631
-i33
29,610
191,721
^22 701
1,193
43,960
2,476
23,150
151,663
136,634
210,559
7,923
19,413
113,677
1,193
43,960
2,476
23,150
151,663
136,634
210,301
7,923
113, "'44
1,190
43,146
2,476
21,319
138,270
22,702
179,024
7,897
18,796
107,803
1,831
13,393
113,932
31,277
26
617
5,441
Jill.
1,^^55,378
710,648
709,057
542,623
167,334
691
25
677
159
648
999
38,182
4,619
170.575
648
qQQ
38,182
170.575
648
999
38,121
4,588
163.672
61
31
6.903
?63
215,023
215,023
208,028
6,095
<i9,065
10,17i^
248,747
35.896
247,965
35.896
245,557
35.725
2,408
171
782
f,0
284, u43
283,861
281,282
2,579
782
2,688
2,688
2,688
U8
191,8U
Total Latin America
36,445
41,637
84,688
39,767
861
99,392
32,104
63,256
22,036
5,394
1,342
65,479
12,240
20,146
75
244
272
489
19,609
25,139
1,098
American Republics...
Bermuda
Antilles and Surinam.
America
3U
666,765
29
Canada
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
a,6il
51,
17,05^
2,3U
P eru
3U
as
504
262
10
60
5
Latin Aitieri ca:
Argentina
Brazil
Chile
Colombia
Cuba
Mexi CO
Panama
3,U2
51,
36,
5,241
61,945
3,067
51,100
36,173
41,148
84,353
38,326
7
99,390
29,107
59,119
21,954
4,534
1,320
53,676
11,354
19,820
5,745
61,945
3,142
8i,877
39,767
861
99,392
32,10A
63,256
22,036
5,39i
1,342
65,479
12,240
20,146
197
16
Total Europe
5,7i5
61,9i5
U5,156
33;
1,441
354
2
2,997
4,137
82
860
22
11,803
886
326.
409
4,399
197
i6_
5,005
:
China Mainland
Hong Kong
India
Indonesia
Israel
1,096
U9,177
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
569,^76
^4,000
,
Total Asia
Africa;
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt).
Other Africa
2
Total Africa
Other countries:
Australia
All other
Total other countries.
International and regional
International
European regional
Latin American regional...
Asian regional
.
,'
~xo
1^',413
4,61'J
814
258
:
.
Total international and regional.
Cirand
total
37i,500
256,050
20,300
650,850
2,732,786
2
68?
3,718,91"
2,688
,707,43..
?,
361, 706
345,72
11,485
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Table
4.
-
Section III - Preliminary Details by Countries
Purchases and Sales of Long-Term Securities by Foreigners DuringJune 1968i/
(In thousands of dollars)
August 1968
105
.CAPITAL
Section IV
Table
1.
-
-
MOVEMENTS.
Supplementary Data by Countries
Short-Term Liabilities to Foreigners Reported by Nonbanking Concerns
(Position at end of period in thoutandK of dollars)
106
Treasury Bulletin
.CAPITAL
Section IV
Table
2.
-
-
MOVEMENTS.
Supplementary Data by Countries
Short-Term Claims on Foreigners Reported by Nonbanking Concerns
(Position at end of period in thousands of d^llers
1966
Country
oepteraber
Europe
Austria
Belgium-Luxembourg 2/
Denmark
Finland
France
Sept ember
December 1/
March p
:
7,8i5
i6,056
8,385
5,531
Greece
Italy
Netherlands
Norway
Portiigal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
7, (-44
8,396
62,881
11,257
4,470
121,123r
119,407r
16,792
98,068
45,364
6,515
6,026
75,828
17,713
26,305
6,531
646,391
4,246
12,267
9,205
o,bb3
45,347
9,203
5,758
98,952
110 829r
19,735
92 689
8,412
42,382
9,186
5,565
110,621
134,046
20,075
103,055
51,260
7,674
6,943
90,359
23,801
29,349
8,597
689,907
3,788
13,952
1,282
6,966
20,364
44,399
9,687
7,012
128,253
128,213
20,171
111,036
78,392
9,631
5,531
88,434
26,373
30,913
8,586
1,026,882
6,335
12,460
2,042
7,846
118,082
11,109
117,830
48,289
8,486
8,818
56,252
28,233
19,884
10,489
440,377
1,994
8,984
110
2,586
6,969
7,582
63,120
29,898
20,000
6,373
492,056
1,885
9,402
974
4,838
1,046,823
1,070,197
1,185,372
I,2a2,o07r
l,155,422r
l,137,625r
1,367,220
1,772,565
566,436
550,379
508,933
489,397
481,925
494,355
460.637
5.'>4,583
499,275
34,388
79,773
30,984
20,924
3,010
73,742
10,614
30,281
7,053
52,270
55,864
12,339
3,848
8,586
35,034
78,474
30,966
22,084
2,846
78,861
12,594
27,897
5,098
49,289
54,543
8,074
2,971
9,190
36,786
72,672
30,958
20,945
2,640
78,004
12,104
27,842
6,222
49,364
59,340
10,752
4,067
10,704
39,278
64,654
31,772
25,338
2,543
94,764
12,497
31,095
6,952
62,364
60,280
17,540
4,483
9,850
39,045
60,674
29,929
23,552
2,473
96,002
11,496
31,480
6,517
55,703
62,220
11,756
4,521
9,333
34,946
59,671
31,317
24,170
2,422
124,999r
10,270
28,974
8,646
52,676
'56,479r
20,851
4,763
9,736
29,354
74,623
26,268
20,256
2,340
117,695
13,526
32,067
6,315
53,861
59,146
23,847r
4,676
7,374
28,699
84,731
33,517
21,852
2,104
113,817
13,534
28,965
4,525
58,698
60,121
23,180
6,602
10,141
28,578
82,398
31,074
25,282
1,915
111,468
10,318
27,625
3,544
63,368
57,477
34,992
4,850
11,286
423,676
417,921
422,400
463,410
444,701
469,920r
471,348r
490,486
494,175
14
110
6,638
29,216
2,874
3,564
154,801
3,579
18,156
4,295
9,280
76,332
62
33
4,828
34,587
2,869
5,077
172,465
5,539
15,922
5,907
7,731
76,314
6,479
32,388
2,819
4,568
145,833
5,127
17,108
4,618
10,592
69,103
7,078
33,870
6,570
4,620
163,895
5,084
17,422
7,163
11,006
74,649
87
6,677
33,341
4,990
4,727
162, 034
6,806
17,112
11,997
9,942
87,588
35,375
4,605
4,244
178,545
6,207
22,550
9,621
8,150
78,583
115
11,156
38,819
2,631
5,306
194,941
7,923
21,565
9,864
10,244
77,830
24
8,062
42,642
3,309
6,406
212,130
7,744
10,818
9,502
39,115
1,150
7,259
42,032
4,976
6,853
192,761
11,392
20,473
9,284
10,091
85,369
331,253
308,845
298,697
331,390
J45,°01
356,619
380,3'^4
..16,293
391,640
2,080
1,621
18,186
10,639
25,558
1,431
2,499
17,918
16,803
27,369
1,739
1,204
16,859
11,384
27,931
1,694
2,743
23,531
10,786
30,013
1,607
3,015
16,036
9,431
31,771
1,799
2,316
16,325
6,851
30,635
1,862
1,591
14,495
6,689
29,587
2,665
2,964
14,455
6,880
31,122
3,938
4,772
16,769
4,770
33,331
58,084
66,020
59,117
68,767
61,860
57.926
54,224
53,086
63,580
39,541
6,988
45,127
9,914
56,529
6,611
57,600
8,049
53,751
7,635
44,140
6,134
43,531
6,526
56 868
7,128
53,011
9,243
46,529
55,041
63,140
65,649
61,386
50,274
50,107
63,996
62,254
290
20
287
343
58
281
408
4
26
554
129
68
404
9
13
19
208
10
231
468
163
300
1:
24
379
587
331
410
313
2,473,180
2,468,990
138, "^OQ
a, 873
53,015
13,705
4,121
110,288
123,478r
14,984
101,000
47,991
8,180
6,677
'.1,143
36,035
17,876
5,935
579,111
3,907
11,488
73
153
2,189
2,874
l,20a.840r
39,396
9,662
5,266
101,977
120,674r
18,207
80,385
46,521
6,981
6,807
62,189
18,237
23,735
8,380r
576,606
3,041
13,212
1,286
3,655
,
,
U,789
7,522
5,584
77,034
20,163
24,111
7,366
541,662
3,319
12,554
1,491
2,854
:
Peru
Uruguay
Venezuela .<.
Other Latin American Republics....
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America
,
7,212
41,566
10,242
4,264
102,442
119,919
15,207
106,994
41,799
8,677
6,075
51,152
27,238
21,889
6,236
598,787
3,988
9,182
114
2,389
97, «3
Germaxiy
6,577
4^,817
7,995
5,527
93,829
97,762
18,149
110,571
,
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:
Total Asia
Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
143
8 , 596
26, 541
:
Total Africa
Other countries
Australia
All other
:
Total other countries
International and regional
International
European regional
Latin American regional
Asian regional
,
:
69
55
13
Total international and regional...
Grand total
-3rl,''
Note:
Data are reported by exporters, importers, industrial and commercial
firms, and other nonbanking concerns in the United States.
Data exclude
claims held through United States banks, and intercompany accounts
between firms in the United States and their affiliates abroad. The
detailed breakdown of the most recent data is shown in Table 3 of this.
1/
2/
p
s.oOLir
Section.
Data include $4,255 thousand of claims reported by firms reporting for
the first time.
Through December 1967, Luxembourg included in "Other Western Europe."
Preliminary.
r
Revised.
Auoust 1968
107
-CAPITAL MOVEMENTS.
Section IV
Table
3.
-
Short-Term Liabilities
to
Supplementary Data by Countries
and Claims on Foreigners Reported by Nonbanking Concerns
-
Details as oi
March
31,
1968p
(Position in thousands of dollars)
Treasury Bulletin
108
.CAPITAL
Section IV
Table
4.
-
Long-Term
-
MOVEMENTS.
Supplementary Data by Countries
Liabilities to Foreigners Reported by
Nonbanking Concerns
(Position at end of period in thousands of dollars)
Country-
August 1968
109
.CAPITAL
Section IV Supplementary Data by Countries
Long-Term Claims on Foreigners Reported by Nonbanking Concerns
-
Table
5.
-
MOVEMENTS.
Treasury Bulletin
110
.CAPITAL
Table
6.
-
MOVEMENTS,
Section IV - Supplementary Data by Countries
Foreign Credit and Debit Balances in Brokerage Accounts
(Position at end of period in thousands of dollars)
Credit balances {due tn foreigners)
Liereinber
Country
1965
Europe
Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
^
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 1/
U.S.S.R
T
other Eastern Europe
:
1,213
^,057
355
26
7,6U
i,056
396
3,952
7,459
1,212
628
3,250
667
52,965
55
U,Q56
17
1.632
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexino
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
:
American Republics..
Bermuda
Antilles and Surinam
America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:
Total Asia
Africa
Congo { Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
,
,
,
,
,
:
,
,
,
,
Total Africa
Other countri es:
Australia
All other
,
,
Total other countries
International and regional
Grand total
,
,
Lecembor
1966
June
1967
December
1967
Debit balances (due from foreignc-rs)
Marc!"i
December
December
1968
1965
1966
June
1967
December
1967
,
August 1968
HI
.CAPITAL MOVEMENTS.
Section IV
Supplementary Data by Countries
Short-Term Banking Liabilities to Foreigners in Countries and Areas
Not Regularly Reported Separately
-
Table
7.
-
(Position at end of period in thousands of dollars)
Country
1963
"
"
Other Western Europe "
Cyprus
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
Other Eastern Europe "
Albania
Bulgaria
Csechoslovakia
Estonia
Hungary
Latvia
Lithuania
Poland
Rumania
Soviet Zone of Germany
Latin American Republics "
Bolivia
Costa Rica
Dominican Republic
Ecuador
Guatemala
Guyana (British Guiana)
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
El Salvador
Trinidad and Tobago
722
6,97i
10,696
7,361
676
2,687
243
1,4-1-9
781
1,453
1,838
356
ai
13,522
1,379
2,236
April
1967
December
1967
1,733
6,551
8,876
25,260
845
3,146
1,478
5,710
7,385
21,730
1,156
4,687
l,6b5
4,294
9,356
31,309
944
3,518
530
5,439
3,723
1,570
2,225
378
350
700
1,390
5,300
1,518
704
2,103
5,198
1,553
2,977
422
307
19,181
7,565
3,542
1964
iy'-'5
574
5,173
8,697
17,384
514
4,110
802
5,808
6,213
21,119
773
3,653
180
662
1,027
1,576
1,495
432
328
9,735
1,922
1,321
403
2,498
1,982
1,418
1,652
386
356
12,749
6,836
1,700
43,186
31,495
55,815
67,060
48,702
855
14,348
26,044
6,994
42,393
11,377
56,023
7,367
67,375
34,165
72,288
69,600
68,128
457
16,335
31,407
8,563
67,009
13,795
66,998
3,577
66,872
34,626
53,158
86,280
64,155
904
16,290
26,807
11,722
72,773
14,859
68,896
4,681
57,857
41,874
53,882
92,360
83,868
1,639
7,983
1,104
2,404
11,491
2,157
775
14,638
1,281
5,491
2,046
32,508
1,491
2,410
23,422
21,601
2,715
56,363
4,978
84,194
22,167
5,636
4,122
49,092
2,682
2,401
66,930
11,954
15,991
35,523
3,234
99,715
29,947
47
6,792
-13,219
6,575
5,565
2,4-11
273
290
13,967
5,200
2,629
April
1968
20,898
3,298
14,711
1/
1,285
4,074
446
n.a.
2,552
n.a.
2,475
371
374
13,507
4,743
l,-648
" Other
"
"
"
Other Latin America "
British Honduras
British West Indies
French West Indies and French Guiana.
Other Asia "
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia 2/
Muscat and Oman
Nepal
Pakistan
Qatar
Ryukyu Islands (including Okinawa)...
Saudi Arabia
Singapore 2/
Southern Yemen (Aden and South Arabia
Syria
Trucial States
Viet Nam
Other Africa "
Algeria
Cameroon
Congo (Brazzaville)
Ethiopia ( Including Eritrea)
F. T.A.I. (French Somaliland)
Ghana
Ivory Coast
Kenya
Liberia
Libya
Mozambique
Nigeria
"Portuguese West Africa"
Somali Republic
Southern Rhodesia
Suddn
Tanzania
Tunisia
Zambia
^
^
"
Other countries "
New Zealand
32,567
29,127
58,037
53,
W9
47,862
909
12,940
20,031
5,564
34,963
8,892
41,690
2,286
507
11,665
1,310
4,995
1,397
9,865
6,931
3,101
23,505
19,849
2,792
46,539
8,818
76,320
24,104
574
2,059
17,
3U
741
21,722
61,710
2/
3,563
2,111
n, a.
12,127
903
591
455
22,275
1,740
6,433
936
2,109
22,009
14,084
1,361
17,811
2,450
840
4,374
2,492
490
975
V
10,475
27
1,954
23,056
179
25,566
197,229
2/
4,029
7,583
2,790
19,043
60,968
55,029
60,167
64,116
96,443
2,628
17,448
31,357
2,129
14,203
1,654
1,954
13,791
2,386
2,118
20,617
1,855
5,455
12,849
10,833
1,850
5,016
49,564
34,620
39,762
36,640
3,609
113,292
63,882
1,035
14,855
54,751
898
14,476
61,201
159,549
8,198
6,296
4,484
148,173
5,570
5,682
16,643
2,746
4,536
38,418
5,131
3,425
2,157
131,961
7,771
8,145
20,285
1,332
2,715
43,973
27,996
45,156
28,555
6,477
112,221
34,937
2,083
14,861
45,307
1,525
31,164
96,364
60,261
4,952
4,741
1,954
146,257
13,387
1,797
314
40,202
1,276
5,295
1,105
2,064
21,601
75,990
4,073
36,545
6,293
844
3,336
6,747
9,131
960
25,893
6,916
612
7,234
11,349
1,191
171
53,478
949
6,866
880
1,168
21,158
37,082
4,992
25,674
4,523
839
2,717
3,424
6,545
1,122
34,667
18,681
13,580
16,709
19,
a?
420
23,999
283,601
8,940
4,400
4,030
1,776
39,035
1,529
370
414
33,736
1,583
5,589
1,367
2,574
20,011
28,921
2,505
15,726
4,432
508
3,367
2,232
632
949
7,633
749
9
U,123
1,557
2,621
3,242
1,461
17,887
34,806
1,583
21,730
4,378
835
3,287
3,708
712
1,757
11,956
Data represent a partial breakdown of the amounts shovm for the corresponding dates for the "Other" categories in the regular monthly series in
the "Treasury Bulletin."
1/ Included with Belgium (see Section II, Table l).
2/ Through April 1965, Singapore included with Malaysia.
Note:
1,259
16,817
28,563
19,326
62,728
16,625
96,431
5,381
59,944
42,606
55,057
85,611
72,992
1,852
15,785
29,730
22,362
45,632
12,697
72,795
6,108
^
^/
.a.
9,450
6,403
34,444
1,109
3,190
36,600
17,600
39,726
49,178
4,587
100,059
38,301
424
13,888
49,196
1,691
15,935 1/
176,142
34,632
322
23,769
1,922
n.a.
57,870
13,624
83,596
9,215
n.a.
6,568
34,011
4,003
97,231
52,108
1,675
n.a.
54,106
3,235
26,407
70,287
156,857
1,591
6,507
n.a.
122,975
7,892
1,351
1,162
22,512
n.a.
4,318
1,510
16,362
24,893
17,933
3,666
37,868
10,365
810
2,394
2,335
20,284
10,299
24,794
13,003
2,233
19,813
26,371
44,982
3,649
17,455
15,419
n.a.
7,668
1,173
4,166
2,081
n.a.
2,006
21,291
Data exclude $12,372 thousand resulting from changes in reporting
coverage and classification.
Through December 1964, data for Malawi (formerly Nyasaland) and Zambia
(formerly Northern Rhodesia) included with Southern Rhodesia,
Not available.
112
Treasury Bulletin
.CAPITAL
Section IV
Table
8.
-
MOVEMENTS.
Supplementary Data by Countries
Purchases and Sales of Long-Term Securities by Foreigners During Calendar Year 1967
(In thousands of dollars)
ales by foreigners
Purchases by foreigners
Foreign securitie:
Domestic securities
Coimtry
Europe
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
N orway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
U. S.
Total
purchases Government
bonds and
notes
Corporate and
other
Total
sales
Stocks
Bonds
Domestic securities
Stocks
:
Total Europe.
35,67i
179,218
35,953
5,310
690,710
as, 750
8,9^7
283,627
367,410
i2,254
18,500
71,046
102,970
3,520,292
3,944
1,838,628
1,302
193,224
213
1,387
43
16
639
1,025
1,240
223,597
221
13,061
543
65
231
20,006
13,617
2
5
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
:
43,709
28,446
12,138
12,912
51
269
American Republics...
Bermuda
Antilles and Sxirinam.
America
Total Latin America
Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Ul,645
105
99,636
12,020
33,802
89,558
17,888
286,487
197,321
8,017
820
311
86
452
800
122
983 848
2,759
,
12
:
125
Philippines
Taiwan
Thailand
Other Asia
287,640
3,476
418
69,935
56,242
1,134
26,144
5,356
15,163
241,391
17,711
Total Asia.
707,024
18,6c.'
Africa
Congo ( Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
94
11
850
:
Total Africa..
Other countries
Australia
All other
721
1,040
5,834
113
74,080
17,186
81,788
17,186
:
63,467
9,.*27
Total other countries.
72,394
International and regional :
International
European regional
Latin American regional..
Asian regional
514,689
3,170
4,616
8,548
Total international and regional..
Grand total
4,567
502
531,02
13,763,567
535,400
28,804
90,211
2,759
11
465,779
291,096
6,240
151,631
237,747
11,227
14,472
60,714
10,859
2,633,187
3,494
631, 578
297
147,703
213
706
5,990
57,518
26,271
5,246
64,347
39,014
2,317
88,848
27,107
17,859
3,081
5,629
25,980
477,309
57
178,148
1,000
26,535
159
8,279
217
4
24,513
13,804
74
7,417
72,336
207
551
3,745
1,861
70,452
97
68,072
5,704
73
1,361,162 4,838,728 1,102,329
;77,i.4;
1,966,192
33,50>
409,
537,631
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
53,596,
316
27,749
29,781
12,914
396
727
44,264
325,727
294
687,233
7,982
439
47
.849,359
Canada
678
23,194
6,067
49
135,046
350,163
40,798
120,224
49,945
17,080
531,340
327,341
5,473
196,902
291,912
52,771
30,526
80,572
92,962
3,057,392
5,495
2,305,987
1,069
217,775
Q.
S.
Government
bonds and
notes
Corporate and
other
Bonds
Stocks
Foreign securities
August 1968
113
.CORPORATIONS AND CERTAIN OTHER BUSINESS-TYPE ACTIVITIES.
Section IV
-
Par ticipation Certificates
(In millions of dollars - face ajnoxmts)
Participation certificates issued by FNMA acting as trustee
Total
participation
certificates
Fiscal year
or month
Sales
1962
1963
196i
1965
1966
1967
300
250
373
750
2,601
1968p
1967- July
August.
September.
October.
November.
December.
3,820
1968- January..
February.
March
April
May
June p .
^1,311
.
.
.
.
July
.
10
Retirements
30
66
255
AZ8
831
664
38
39
67
.
12
.
1,010
115
25
1,250
8
50
161
U3
1,000
500
31
6
70
129
Export-Import Bank
of the United States
Outstanding
Sales
300
520
827
1,322
3,495
6,976
10,083
300
250
373
450
761
1,411 J/
570
6,938
6,910
6,843
6,831
6,716
7,701
8,943
8,832
8,689
9,658
9,652
10,083
9,954
10
Retirements
300
520
827
1,022
1,385
2,146
2,183
3
2,X43
39
2,1U
67
2,047
2,036
1,951
1,961
12
85
10
50
161
143
11
6
500
94
Retirements
Outstanding
30
66
255
398
650 2/
535
1,953
1,842
1,699
1,688
1,682
2,183
2,089
Farmers Home
Administration ^'
Total
300
1,840
2,900
3,250
30
180
180
35
1,000
30
25
standing
300
2,110
4,830
7,900
4,795
4,795
4,795
4,795
4,765
5,740
70
6,990
6,990
6,990
7,970
7,970
7,900
35
7,865
1,250
1,000
fjut-
20
Sales
600
525
175
225
125
Retirements
outstanding
600
Health, Education,
and Welfare
Department 2/
Retire- Cutments
standing
114
Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS.
September 1967 through August 1968
Issue and page nximber
1968
1967
Sept.
Reporting bases
Article
Treasury financing operations
Oct.
^n.
II
I'
IV
'V
:
Federal fiscal operations
Budget receipts, outlays, financing, and debt
Budget receipts by source
Budget outlays by function
Summary of fiscal operations
Budget receipts by principal sources
Chart - Internal revenue collections by principal sources
Budget outlays by ^agencies.
Undistributed interfujid receipt transactions
Investment transactions of Government accounts in Federal
:
securities (net)
Detail of excise tax receipts
Summary of internal revenue receipts by Slates, calendar year 1967.
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund
Railroad Retirement Accounts
Unemployment Trust F\ind
National Service Life Insurance Fund
Investments of specified trust accounts in public debt securities,
agency securities, and participation certificates by issues,
as of June 30, 1968
Summary of Federal fiscal operations
Administrative budget receipts and expenditures :
Receipts by principal sources
Detail of miscellaneous receipts by major categories
Expenditures by agencies
Interfund transactions excluded from both net budget receipts
and budget expend! tures
Expenditures by functions
Trust and other transactions
Summary of trust and other transactions
Trust receipts
Trust, deposit fund, and Government-sponsored enterprise
expenditures
Interfund transactions excluded from both net trust receipts
and trust expenditures
Purchases of participation certificates (net)
Investments in public debt and agency securities (net)
Sales and redemptions of Government agency securities in
market (net)
:
Consolidated cash transactions
Summary of Federal Government cash transactions with the public.
Intragovermental and other noncash transactions
Federal receipts from and payments to the public - seasonally
adjusted and unadjusted
11
II
13
13
1
11
11
12
15
13
17
18
16
11
11
12
:
Obligations
Administrative budget funds (FY 196^, 1965, 1966).
Administrative budget funds
Trust funds
15
:
21
33
19
22
Federal obligations (latest date May 31. 1968)
Account of the Treasurer of the United States
Status of the Account of the Treasurer of the United States
Analysis of changes in tax and loan account balances
Summary of cash transactions through the Account of the Treasurer
of the United States
Gold assets and liabilities of the Treasury
:
35
36
24
25
31
32
37
37
26
26
33
33
27
34
39
39
40
28
28
35
35
36
40
41
29
30
31
32
Monetai-y statistics :
Money in circulation
Debt outstanding
Summary of public debt and guaranteed agency securities
Computed interest charge and rate on Federal securities
Interest-bearing public debt
Maturity distribution and average length of marketable
interest-bearing public deb^
Special public debt issues
Treasury holdings of securities issued by Government agencies
Interest-bearing securities issued by Goverment agencies
:
Statutory debt limitation
Public debt operations
Maturity schedule of interest-bearing public marketable securities
other than regular weekly and annual Treasury bills
Offerings of Treasury bills
New money financing through regular weekly Treasury bills
29
36
37
38
33
:
45
47
50
34
36
39
41
43
46
Feb.
?i^i-.
^ip".
May
Aacjust
1968
115
.CUMULATIVE TABLE OF CONTENTS
September 1967 through August 1968
-
(Continued)
Issue and page number
1967
1968
Apr .
May
33
30
37
31
2^
S6pt.
Public debt operations (Continued)
Offerings of public marketable securities other than regular
weekly Treasury bills
Unmatured marketable securities issued in advance refunding
operations
Unmatured marketable securities issued at a premium or
dis::ount other than advance refunding operations
Allotments by investor classes on subscriptions for public
marketable securities other than regular weekly Treasury bills...
Disposition of public marketable securities other than
regular weekly Treasxiry bills
Foreign series securities (nonmarketable) issued to official
institutions of foreign countries
Foreign currency series securities (nonmarketable) issued to
off i jial institutions of foreign countries
:
United States savings bonds
Cumulative sales and redemptions by series
Sales and redemptions by periods, all series combined
Sales and redemptions by periods, Series E through K
Redemption of matured and unmatured bonds
Sales and redemptions by denominations. Series E and H combined...
Sales by States Series E and H combined
51
40
47
42
41
54
43
50
45
44
38
36
33
40
35
33
57
46
48
47
41
39
36
43
38
36
59
48
50
4^
43
41
38
45
40
38
61
50
4n
4A
41
48
43
41
U
53
56
55
50
48
45
52
47
45
67
56
1,0
hO
54
52
59
54
53
69
69
70
72
58
58
59
:i
57
57
58
60
55
55
56
58
62
62
63
65
66
57
56
56
57
59
61
59
67
62
63
60
61
68
64
62
53
53
:
67
68
70
71
62
62
63
65
63
63
59
59
64
66
60
58
60
64
,
United States savings notes :
Sales and redemptions by periods
65
Ownership of Federal securities
Distribution by classes of investors and types of issues
Net market purchases or sales of Federal securities for
accounts handled by the Treasury
Estimated ownership
57
60
:
73
Treasury survey of ownership of Federal securities
Ownership by banks, insurance companies, and others
Ownership by commercial banks classified by membership in Federal
Reserve System (latest date June 30, 1968)
73
74
62
63
74
75
64
75
73
67
68
67
68
69
62
66
67
69
62
61
62
63
61
62
:
Market quotations :
End-of-month closing quotations on Treasury securities by issues
Chart - Yields of Treasury securities
.
Average yields of long-term bonds
Average yields of Treasury and corporate bonds by periods
Chart - Average yields of Treasury and corporate bonds
69
70
63
73
80
82
69
71
80
82
74
76
75
77
78
80
69
71
67
81
84
77
78
78
79
81
72
73
70
71
69
75
77
69
71
78
72
73
70
:
Exchange Stabilization Fund (latest date March 31. 1968)
Balance sheet
U.S. stabilization agreements
Income and expense
83
84
79
71
:
72
73
73
''4
81
81
75
75
73
74
74
National bank reports
Earnings, expenses, and dividends for calendar years 1963-^7
:
International financial statistics
gold stock, holdings of convertible
U.S. reserve assets:
foreign currencies, and reserve position in IMF
U.S. liquid liabilities to foreigners
U.S. liquid liabilities to official institutions of foreign
countries, by area
Nonmarketable U.S. Treasury bonds and notes issued to official
institutions of foreign countries
U.S. position in the IMF
U.S. monetary gold transactions with foreign countries and international and regional organizations
:
Capital movements between the United States and foreign countries :
Summary by periods beginning 19A6
Slimmary by countries and periods
Short-term banking liabilities to foreigners, latest month
Short-term banking claims on foreigners , latest month
Long-term banking liabilities to and claims on foreigners,
latest month
Purchases and sales of long-term seciurities by foreigners,
latest month
Short- terra liabilities reported by nonbanking concerns
Shoi-L-term claims reported by nonbanking concerns
Long-term liabilities reported by nonbanking concerns
Long-term claims reported by nonbanking concerns
Foreign credit and debit balances in brokerage accounts
Short-term liabilities, countries and areas not regularly
reported
Purchases and sales of long-term securities by foreigners during
calendar year 1967
86
76
77
87
78
87
88
78
79
85
89
82
83
83
84
74
74
75
80
75
75
81
76
75
76
81
84
85
76
76
82
77
77
87
88
81
84
85
85
86
76
77
76
77
82
83
77
78
77
78
89
83
78
78
84
79
79
85
80
83
92
86
89
81
83
84
97
93
101
89
92
101
102
93
92
93
98
99
93
94
81
84
93
94
86
82
91
94
103
94
104
95
91
94
103
104
105
96
105
99
102
103
94
94
100
95
95
106
107
108
110
111
112
97
98
100
101
102
104
105
106
103
95
105
107
108
109
104
105
106
108
109
110
95
99
101
102
103
106
107
108
110
111
112
96
97
96
97
99
100
101
96
97
98
100
101
96
97
98
99
100
101
101
102
103
105
106
107
102
100
101
102
113
104
113
107
110
111
102
102
108
103
103
114
105
114
108
112
103
103
109
104
104
82
85
Foreign currencies acquired by the U.S. without purchase with dollars
Foreign ciurrency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds
Corporations and certain other business-type activities :
Statements of financial condition (latest date March 31. 1968)
Income and expense (latest date December 31, 1967)
Source and application of funds (latest date December 31, 1967)...
Participation certificates
79
80
85
88
91
100
104
105
106
116
117
108
114
115
106
118
152
113
135
159
111
H7
104
140
156
L138
-lOi-
Treas.
HJ
10
.A2
U.S.
Treasury Dept.
Treasury Bulletin
1968
C.2
*^ai*'
1
0004255
@FedFRASER