Full text of Treasury Bulletin : August 1976
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August 1976
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Treasury Bulletin
August 1976
DEPARTMENT OF THE TREASURY
WASHINGTON.
OFFICE OF THE SECRETARY
D.C.
.
August 1976
CONTENTS
V
Treasury Financing Operations
Article
FEDERAL FISCAL OPERATIONS
FFO-1
Summary of Fiscal Operations
1
FFO-2.
Budget Receipts by Source
3
Chart
Budget Receipts by Source
5
FFO-3.
Budget Outlays by Agency
6
FFO-4.
Undistributed Offsetting Receipts
7
FFO-5
Budget Outlays by Function
^
FFO-6.
Investment Transactions of Government Accounts in Federal Securities (Net)
FFO-7.
Trust Funds Transactions
FFO-8.
Selected Accrual Data Reported by Federal Agencies
'^^
IT• •
12
FEDERAL OBLIGATIONS
FO-1.
Gross Obligations Incurred Within and Outside the Federal Government by Object Class
]_^
FO-2.
Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class
^
FO-3.
Gross Obligations Incurred Outside the Federal Government by Department or Agency
15
FO-^.
Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by Months
16
ACCOUNT OF THE
U.S.
TREASURY
UST-1.
status of the Account of the U.S. Treasury
1'
UST-2.
Analysis of Changes in Tax and Loan Account Balances
18
UST-3.
Gold Assets and Liabilities of the Treasury
1*5
MONETARY STATISTICS
20
Currency and Coin in Circulation
MS-1.
FEDERAL DEBT
FD-1.
Summary of Federal Debt
"^1
FD-2.
Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
21
FD-3.
Interest -Bearing Public Debt
22
FD-^;.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt....
22
FD-5.
Government Account Series
23
FD-6.
Interest-Bearing Securities Issued by Government Agencies
24
FD-7.
Participation Certificates
25
FD-8.
Debt Subject to Statutory Limitation
26
FD-9.
Status and Application of Statutory Limj.tation
27
FD-10.
Treasiiry Holdings of Securities
28
,
PUBLIC DEBT OPERATIONS
PDO-1.
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
30
PDO-2.
Offerings of Treasury Bills
31
New Money through Regular Weekly Treasury Bills
34
Offerings of Public Marketable Securities Other than Regular Weekly Treasury Bills
38
PDO-3.
PDO-4.
•
•
.
Treasury Bulletin
//
CONTENTS
PDO-5
Unmatured Marketable Securities Issued at a Premium or Discount
4.I
PDO-6,
Allotments by Investor Classes on Subscription for Public Marketable Securities
PDO-7.
Disposition of Public Marketable Securities
45
^°
PDO-8.
Foreign Series Securities
51
PDO-9.
Foreign Currency Series Securities
55
UNITED STATES SAVINGS BONDS
SB-1.
Sales and Redemptions by Series, Ciimulatlve
58
SB -2.
Sales and Redemptions by Periods , All Series Combined
58
SB-3.
Sales and Redemptions by Periods
59
SB--;.
Redemptions of Matured and Unmatured Savings Bonds
,
Series E through K
61
UNITED STATES SAVINGS NOTES
Sales and Redemptions by Periods
SN-1.
62
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
Distribution of Federal Securities
OFS-2.
Estimated Ownership of Public Debt Secvirities
63
k
64-
TREASURY SURVEY OF OWNERSHIP
TSO-1.
Summary of Federal Securities
65
TSO-2.
Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution..
66
TSO-3.
Interest-Bearing Marketable Public Debt Securities by Issue
66
TSO-i.
Securities Issued by Government Agencies
68
TSO-5
Securities Issued by Government -Sponsored Agencies and D.C
69
TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP
TSC-1.
Summary of Interest-Bearing Public Debt Securities
73
TSC-2.
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
'^3
TSC-3.
Interest-Bearing Marketable Public Debt Securities by Issue
'^'^
TSC-4.
Securities Issued by Government Agencies
75
Securities Issued by Government-Sponsored Agencies and D.C
76
TSC-5.
'
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
Treasury Bills
MQ-2,
MQ-3.
•
Chart
80
Treasury Notes
80
Treasury Bonds
81
Yields of Treasury Securities
82
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
Chart
-
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
83
Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds
84
August 1976
III
CONTENTS
INTERNATIONAL FINANCIAL STATISTICS
IFS-l.
- U.S.
IFS-2.
- U.S.
85
Reserve Assets
Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners
86
Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area
87
IFS-3.
- U.S.
IFS-4.
-
IFS-5.
- U.S.
IFS-6.
-
88
Nonmarketable U.S. Treasury Bonds and Notes
Position in the International Monetary Fund
89
Weighted Average of Exchange Rate Changes for the Dollar
90
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS
- U.S.
CM-I-1.
-
Short-Term Liabilities by Type of Foreign Holder
93
CM-I-2.
-
Short-Term Liabilities by Type of Liability
94
CM-I-3.
-
Short-Term Liabilities by Country
96
CM-I-4.
-
Short-Term Liabilities, by Type and Country
97
CM-I-5.
-
Short-Term Liabilities, Not Regularly Reported Separately
98
CM-I-6.
-
Long-Term Liabilities by Type
-
CM-I-7.
99
100
Long-Term Liabilities by Country
CLAIMS ON FOREIGNERS REPORTED BY BANKS
- U.S.
CM-II-1.
-
Short-Term Claims by Type
101
CM-II-2
.
-
Short-Term Claims by Country
102
CM-II-3.
-
Short-Term Claims, by Type and Country
103
CM-II-4.
-
Long-Term Claims by Type
104
CM-II-5.
-
Long-Term Claims by Country
105
CM-II-6.
-
Long-Term Claims, by Type and Country
106
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS
- U.S.
CM-III-1.
-
Liabilities by Type
lOV
CM-III-2.
-
Short-Term Liabilities by Country
108
CM-III-3.
-
Short-Term Liabilities, by Type and Coimtry
109
CM-III-4.
-
Long-Term Liabilities by Country
HO
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
-
Claims by Type
HI
CM-IV-2.
-
Short-Term Claims by Country
112
CM-IV-3.
-
Short-Term Claims, by Type and Country
113
CM-IV-4.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type
CM-IV-5.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country
IM
lU
CM-IV-6.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country... 115
CM-IV-7.
-
Long-Term Claims by Country
H^
TRANSACTIONS IN LONG-TERM SECURTTIES BY FOREIGNERS
H^
CM-V-1.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
CM-V-2.
-
Foreign Purchases and Sales of Long-Term Foreign Securities
CM-V-3.
-
Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country
CM-V-4..
-
Estimated Foreign Holdings of Marketable U.S. Treas;ary Bonds and Notes by Country ..... 119
,
H'''
118
.
IV
Treasury Bulletin
CONTENTS
CM-V-5.
- Net Foreign
Transactions in Long-Term Domestic Bonds
120
CM-V-6.
- Net Foreign
Transactions in Domestic Stocks by Country
121
CM-V-7.
- Net Foreign
Transactions in Long-Term Foreign Bonds by Country
122
CM-V-8.
- Net
CM-V-9i
- Foreign Purchases and
CM-V-10.
-
CM-VI-1.
-
Foreign Credit Balances (Due to Foreigners)
126
CM-VI-2.
-
Foreign Debit Balances (Due from Foreigners)
127
Foreign Transactions in Foreign Stocks by Country
123
Sales of Long-Term Securities, Latest Date
124
Foreign Purchases and Sales of Long-Term Securities, Latest Year
125
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
FEDEllAL CREDIT PROGRAMS
-
GA-II-1.
Direct Sales and Repurchases of Loans
128
TRUST FUNDS
Service Retirement and Disability Fund
129
GA-III-1.
- Civil
GA-III-2.
-
Federal Old-Age and Survivors Insurance Trust Fund
130
GA-III-3.
-
Federal Disability Insurance Trust Fuad
131
GA-III-4.
-
Federal Hospital Insurance Trust Fund
133
GA-III-5.
-
Federal Supplementary Medical Insurance Trust Fund
134-
GA-III-6.
-
Railroad Retirement Accounts
135
GA-III-7.
-
Unemployment Trust Fund
136
GA-III-3.
- National
GA-III-9.
-
Service Life Insurance Fund
Investments of Specified Trust Accoimts in Public Debt Securities and Agency Sec\rrities.
Cumulative Table of Contents
Note:
Details of figures may not add to totals because of rounding.
138
139
UO
August 1976
Treasury Financing Operations
Auction of 2-Year Notes
On July
the Treasury announced that it would auction
1<4
$2,750 million of 2-year notes to raise new cash.
offered
jiere
Treasury Notes of
The notes
Series P-1978, to be dated
July 30, 1976, due July 31, 1978, with interest payable semiannually on January 31 and July 31 in each year until matu-
A coupon rate of 6-7/8^ was set after the determina-
rity.
tion as to which tenders were accepted on a yield basis, the
average of which
translated into an average accepted price
close to 100.000.
the public
Government
were accepted.
lion of the notes.
Subscriptions with a deposit less than 20% of face value
were received subject to allotment and were payable in cash
or in Treasury notes maturing August 15, 1976, which were ac-
cepted at par.
Payment was required to be made or completed
on or before August 16, 1976.
Commercial banks and dealers who make primary markets in
Tenders for the
1:30 p.m.,
Government securities could submit subscriptions for account
$/;,819 million, of which $2,755
of their customers provided the names of the customers were
notes were received until
EDST, July 20, and totaled
was accepted at
million
subscriptions from
accounts and Federal Reserve banks were allotted $1,476 mil-
yields ranging from
99.953 up to 6.96%, price 99.843.
6.90%, price
Noncompetitive tenders for
set forth in such subscriptions and accompanied by either a
20% cr 5% deposit.
Others than commercial banks and primary
$500,000 or less from the public were accepted in full at the
dealers were not permitted to enter subscriptions except for
average yield of accepted tenders, 6.95%, price 99.861.
their own account.
In addition,
$85 million of tenders
A coupon rate of 6-7/8% was set on the notes of Series
at the average-yield
price from foreign and
J-1979 after the determination as to which tenders were ac-
totaled $295 million.
were accepted
These
international monetary authorities.
Tenders
were received
Bearer notes,
banks
at Federal Reserve
branches and at the Bureau of the
D. C.
cepted on a yield basis, the average of which translated into
and
Public Debt, Washington,
with interest coupons
attached,
and
notes registered as to principal and interest were authorized
to be issued in denominations of $5,000, $10,000,
$100,000,
accepted price close to 100.000.
an average
The
notes of
Series J-1979 will be dated August 16, 1976, due August 15,
1979, with interest payable semiannually on February 15 and
August
1-5
1976, due
The bonds will be dated August 16,
until maturity.
August 15, 2001,
callable at the
option of the
United States on any interest payment date on and after Au-
and $1,000,000.
gust 15, 1996, with interest payable semiannually on February
August Refunding
15 and August 15 until maturity.
On July 28 the Treasury announced that it would sell to
the public at auction, under competitive and noncompetitive
bidding, up to
J -1979,
$2,000 million of
and $1,000 million of
Treasury Notes of Series
Treasury Bonds of 1996-2001.
The Treasury also offered for cash subscription
lion, or thereabouts, at par, to the
Notes of Series B-1986.
public of
$4,000 mil8%
Treasury
These issues were to refund $4,542
million of publicly held Treasury securities maturing August
15 and to raise new cash.
notes of Series J-1979 were
The 8% Treasury Notes of
until 1:30 p.m., EDST, August 3, and totaled $5,405 million
of which $2,002 million was accepted at yields ranging from
6.88%,
price 99.987,
up to 6.92%,
at the average yield of accepted tenders, 6.91%, price 99.907.
These totaled $673 million.
Tenders for the
bonds were received until
Series B-1986 will be
February 15 and
dated
interest payable
August 15 until maturity.
million was
accepted at yields
100.215 up to 8.03%,
for $500,000
or less were
Subscriptions accompanied by
taled $132 million.
million.
a 20% deposit totaled $10,230
Other subscriptions from the public totaled $14,139
aggregate total subscribed for
Subscriptions
1:30 p.m.,
of
ranging from 7.98%,
price 99.679.
yield of accepted tenders,
million for an
Noncom-
price 99.880.
petitive tenders for $500,000 or less were accepted in full
The subscription books were opened through Wednesday, August 4.
million.
received
EDST, August 6, and totaled $2,500 million of which
Axigust 16, 1976, due August 15, 1986, with
semiannually on
Tenders for the
$1,000
price
Noncompetitive tenders
accepted in full at the average
8.01%, price 99.893.
These to-
In addition to the amounts allotted to the public, $920
$24,369
million of the notes of Series J -1979 and $600 million of the
million.
bonds were allotted to Federal Reserve banks and Government
Subscriptions for $300,000 or less accompanied by a deposit
accounts for their own accoimt in exchange for notes maturing
of 20 percent of face value were allotted in full, and sub-
August 15, 1976, and as agents for foreign and international
scriptions over that amount were allotted $300,000.
monetary authorities for new cash.
allotted totaled
$7,600
No other
VI
Treasury Bulletin
Treasury Financing Operations— Continued
Payment for accepted
tenders in both auctions was re-
quired to be made or completed on or before Aiigust 16, 1976,
in cash. Treasury notes maturing August 15, 1976, which were
to be accepted at par, or other funds immediately available
to the Treasury by that date.
Tenders and subscriptions
were received for all three
and branches and at the
offerings at Federal Reserve banks
Bureau of the
Public Debt, Washington, D. C.
with interest coupons attached,
and bonds,
bonds registered
ized to
J -1979, and
and
as to principal and interest were author-
denominations
be issued in
$100,000 and
Bearer notes
and notes
of
$5,000, $10,000,
$1,000,000 in the case of the notes of Series
in denominations of
$100,000 and $1,000,000
$1,000,
$5,000, $10,000,
in the case of the notes of Series
B-1986 and the bonds of 1996-2001.
52-Week Bills
On July 15 tenders were invited for $2,900 million, or
thereabouts, of 364 -day Treasury bills to be dated July 27,
1976, and to mature July 26, 1977.
Tenders
were opened on
They totaled $5,578 million, of which $2,901 million was accepted, including $77 million of noncompetitive
tenders from the public and $794 million of the bills issued
July 21.
Federal Heat the average price to Government accounts and
serve banks for themselves and as agents of foreign and in-
ternational monetary authorities.
rate was 5.887 percent.
The average bank discount
The issue was to refund $2,293 mil-
lion of bills maturing July 27, and to raise new cash.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in July totaled
$29,700 million.
These issues were offered for cash and in
exchange for bills raatiiring in the amount of $30,200 million.
There were three 13-week issues in the amount of $2,500 raillion and one 13-week issue each of $2,300 million and $2,400
million.
There were three 26-week
issues in the amount of
$3,500 million and one 26-week issue each of $3,400 million
and $3,600 million.
Average rates for
shown in the following table.
Date of issue
the new
issues are
August 1976
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.
-
Summary
of Fiscal Operations
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS^
Footnotes to Table FFO-1.
Source:
Monthly Treasury Statement of Receipts and (X. Lays of the United
States Government.
Note:
Revised Budget estimates based on the 1977 Budget update, released
July 16, 1976, are not available in the necessary detail, except for
total net Budget receipts, outlays, and deficit. Other estimates are
based on the 1977 Budget of the U.S. Government, released January
21, 1976.
i/ For detail see Table FFO-2.
2/ For detail see Table Fro-3.
j/ As of Jxily 31, 197^, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the budget presentation.
For detail see Table FfD-6.
Current fiscal year to date transactions through June 30, 197A, are
on the Daily Statement of the U.S. Treasuiy clearance date basis
and are converted to accoxinting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
For amounts in transit see Table FfD-lO in the October 197^
30.
Bxilletin.
6/
As of July
197ii,
balances shown under "Within general account of the
7/
8/
2/
10/
11/
n.a.
U.S. Treasury" are now presented in columns 9, 11, and 13.
Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
Represents activity of the International Itonetary Fund.
Includes: public debt accrued iaterest payable to the public, deposit funds, miscellaneous asset and liability accounts and as of
July 1974, the gold balance.
Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassification of Commodity Credit Corporation certificates of interest;
fiscal 197<i conversion of interest receipts of Government accounts
to an accrual basis; and net outlays of off-budget Federal agencies
(Export- Import Bank since August 17, 1971, rural electrification and
telephone revolving fund since May 12, 1973, Postal Service fund
since July 1973, Federal Financing Bank since July 197.i, housing
for the elderly or handicapped fund since August 22, 1974, and Pension Benefit Guaranty Corporation since September 17, 1974).
For detail, see Table FD-6.
Not available.
•
r Revised.
Less than $500,000.
Title V of the Congressional Budget Act of 1974
changed the fiscal year frcm July 1 through
Jxine
(P'.iblic
Law 93-344)
30 to Oct, 1 through
Sept. 30, ooramenoing with the fiscal year 1977 (Oct. 1, 1976, through
Sept. 30, 1977).
The act also established a 3-month transitional
period from July 1 through Sept. 30, 1976, between fiscal years 1976
and 1977,
Budget estimates for the transition
in tables FPO-1 through FFO-4, and FFO-6.
quarter are included
August 1976
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Source
(In millions of dollars)
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Source— Continued
:
August 1976
.FEDERAL FISCAL OPERATIONS.
_J
<
I—
O
I—
—
.
..
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-3.
Budget Outlays by Agency
-
(In millions of dollars)
Fiscal year
or month
1967
1968
Legislative
branch
Executive
Office
of the
President
The
judiciary
75
93
79
726
807
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
19
74r
2,168r
4,512r
4,052i
11,1351
702
27
41
383
617
-35
156
487
436
22
-354
53
1
29
29
1977 (Est.)
236r
978r
377r
1975-Jvme..,
84
July...
38
80
81
58
65
71
T.Q.
(Est.)
Aug
Sejyt..,
Oct
Nov,
Dec
.
,
1976^Jan
Feb
Mar
Apr.
65
59
72
43
73
. .
May
June.
71
.
Fiscal year
or month
1967
1968
1969
1970
1971
1972
1973
1974
1975
State
Department
1/
419
424
437
448
468
19'76
T.Q.
(Est.).
1977 (Est.).
Commerce
Department
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
109
128
142
173
183
205
284
325
1972
1973
1974
1975
1976
Defense Department
Agriculture Department
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
86
91
240
255
277
340
384
487
540
625
726
779
1969
1970
1971
Funds appropriated
to the
President
1/
28
28
31
36
47
55
49
94
1
21
21
20
58
Transpor-
tation
Department
5,428
5,732
5,970
Treasury
Department
Interest
on the
public
debt j/
13,391
-327
82
336
568
591
730
?44
1,0d1
7,247
7,531
8,183
8,112
9,247
11,936
402r
l,078r
3,402r
12,841r
10,100i
43,900i
Housing &
Urban Development
Department
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
1,310
1,300
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
2,170r
24,455r
99,985r
2,211r
1,161
151
7,216
224
1,038
958
1,201
1,119
637
1,404
183
154
139
148
166
161
7,103
7,553
6,877
7,911
7,019
7,458
166
190
212
201
192
213
413
407
1,373
1,309
535
7,272
6,792
980
1,248
128
142
160
153
164
204
10,781
10,759
11,628
11,131
306
670
199
153
166
162
151
239
1,255
591
-901
443
209
136
Energy
Research
and
Devlp.
Admin.
53 6r
Environmental
Protection
Agency
6,951
7,622
National
AeroGeneral
nautics
Services
and
AdminisSpace
tration
Admin.
7281-
Veterans
Administration
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128;785
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
34,468r
143,542r
2, 6421
31
275
6,792
6,674
8,512
7,272
2,264
2,466
2,450
2,453
2,275
2,392
2,393
2,307
3,198
3,759
2,063l
6,979l
l,190l
5,346j
206
701
763
1,114
2,032
2,530
3,118
l,188r
4,613r
131
a-)
425
446
501
589
468
6,845
6,858
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
111
-613i
908r
3,675r
4,3701
17,7541
-276
-624
-92
Justice
Department
432
235
837
1,136
225
1,256
4C3
430
515
640
916
1,180
1,531
1,797
2,067
2,242
3,286
3,272
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
-2,236
-4,881
2,162
2,293
Labor
Department
884r
2,714r
617r
2,261r
6,075r
21,068r
9,916
414
155
180
2,524
10,150
10,152
10,414
10,574
10,502
10,890
1,264
530
991
790
727
1,044
253
282
276
185
224
167
176
185
165
215
2,259
2,220
2,119
1,914
1,883
2,285
189
172
2,367
2,172
2,498
2,107
i;883
2,035
11 1319
Other
independent
agencies
5/
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
Interior
Department 2/
7,5241
4/
U,573
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
6,a7
Other
Military
1/
Health,
Education,
& Welfare
Department
6,554
7,337
4,890
7,246
8,879
9,886
11,449
12,945
17,255
18,286
5,104r
21,880r
216
135
177
208
78
188
148
183
172
193
Undistributed Offsetting
Receipts 2/ 6/
Rents and
Royalties
on the Outer
Continental
Shelf lands
-2,428
-2,662
-500
-4,00Or
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
158,254
178,833
184,548
196,588
211,425
231,875
246,526
268,392
324,601
365,610
-3,102r
-12,029r
102,110r
399,973r
1975- June.
30
822
2,765
1,811
382
336
-43
185
1,407
1,441
-295
-1,305
30,296
July.
Aug..
Sept.
Oct..
Nov.
75
111
117
1,112
838
948
1,275
1,059
1,059
2,901
2,904
2,973
3,043
3,046
3,130
1,388
223
238
256
251
278
302
-177
368
310
313
312
325
326
1,364
1,449
1,333
1,515
1,623
1,699
1,830
2,644
1,383
1,630
1,277
1,345
-51
-221
1,713
154
297
191
273
255
333
329
288
-43
-50
-147
-1,043
-850
-1,035
-991
-837
-1,074
31,249
30,634
29,044
32,425
29,401
31,792
993
3,193
3,093
3,207
3,209
3,223
3,143
1,056
217
411
1,960
310
-194
280
361
331
322
339
457
261
274
-120
260
291
307
1,627
1,689
1,031
1,071
-378
-50
-1,063
-791
30,725
29,833
1,674
1,618
1,569
1,254
1,310
1,748
1,578
1,437
-736
-414
-1,078
-1,038
-495
-45
-953
-1,323
29,054
32,476
28,410
30,567
219
63
Dec.
117
1976- Jan.
Feb..
Mar..
Apr.
May..
June.
105
749
895
42
30
1,056
718
1,234
-19
-19
-100
41
88
44
315
57
268
219
233
-127
26
Monthly Treasury Statement of Receipts and Outlays of the
United States Govemjrent. Budget estimates are based on the
1977 Budget update of the U.S. Government, released
July 16, 1976.
Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions.
Agency shifts are
shown in this table beginning with the period of such shifts; figures
prior to the shifts have been adjusted.
1/ Cumulative year to date figures may not add due to budget realignments.
2/ Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for
Source:
30
76
71
293
279
286
-a
the Interior Department.
To conform with the FT 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
J/ Reported on an accrual basis.
ij pursuant to Public Law 93-438, the activity for the Atomic Energy
Commission other than nuclear regulatory and reactor safety research
was transferred to the Energy Research and Development Administration.
5/ Includes the U.S. Postal Service.
6/ For content see Table FFO-4.
Revised.
r
August 1976
.FEDERAL FISCAL OPERATIONS.
Table FFO^.
-
Undistributed Offsetting Receipts
Treasury Bulletin
8
.FEDERAL FISCAL OPERATIONS.
a
a
o
u
a
>%
I
o
s
n
9
O
•8
August 1976
.FEDERAL FISCAL OPERATIONS.
-8
9
'•5
a
o
I
s
_o
'J
u
a
3
b
>t
OQ
>%
s
o
-s
M
a
n
o
Ix.
. ..
.
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
Investment Transactions of Government Accounts in Federal Securities (Net)
-
fin millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
1967
1968
1969
1970
1971
1972
1973
197/t
1975
1976
T.Q. (Est.)
1977 (Est.)
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust
Fund
3,7a
1,584
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
296
591
1,121
1,342
1,263
934
792
391
-37
-1,227
-634
1,038
-424
-240
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insxirance
497
87
590
693
377
-U6
1,338
3,642
1,897
1,181
479
-197
77
-345
244
221
222
531
U8
-H8
2,435
-86
947
585
-542
231
490
-45
July..
Aug...
Sept..
Oct...
Nov..
Dec...
-1,119
854
-778
-1,709
-114
-177
-238
-153
-122
-27
9
378
-274
-293
1,041
-33
126
-65
67
1976^an.
.
Feb...
Mar...
Apr..
May...
June..
-U
-843
999
-696
698
-217
-151
-74
1,871
-909
-83
97
-102
50
127
27
-123
463
4
Transportation
Department
Fiscal year
or month
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
T.Q.
Airport
and
Highway
Airway
Trust Fund
Trust Fund
878
1,058
593
484
257
534
1,089
1,033
822
1,094
2,049
1,937
-505
Treasury
Department
723
-589
-747
-5
1,380
1,201
353
-566
-920
56
(Est.)
5
1977 (Est.)
109
-20
200
1975 -June..
143
456
-1,154
July..
Aug...
Sept..
Oct...
Nov...
Dec...
88
41
7
-94
-184
-284
-122
-339
179
22
1976 Jan...
Feb...
Mar...
Apr . .
May...
June.
55
44
85
36
46
44
18
130
63
-62
23
50
184
79
Other
Federal
Housing
Administration
Trust Fund
1975 -June..
-371
-248
248
Housing and Urban Development Department
-5
-67
20
-13
-36
-55
-60
45
135
165
131
128
109
31
63
200
118
48
Ul
Government National
Mortgage Assn.
Participation
Sales
Fund
62
470
465
-369
197
-202
299
184
223
261
28
-108
Labor Department
Federal
Insurance
Administration
-9
-7
-8
-8
-6
-8
32
28
-A
Unemployment Trust
Fund
-8
-10
1,156
-3
938
488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
U
2
1
5
6
9
15
1
5
12
29
-8
12
-2
-8
2
18
12
-4
1
4
21
-300
400
3
-1
-2
-953
29
1
45
33
-4
39
-34
17
63
15
50
-785
1
7
4
-1
1
-1
-5
1
lA
1
1
1
20
38
1,U6
-5
1
56
1
30
1
476
-1,111
-738
-111
-1,138
288
-37
-720
-IQ
2,719
-1,028
August 1976
11
FEDERAL FISCAL OPERATIONS.
CO
o
eo
«
a
i-s
JS
s
o
3
T3
S
S
Efa
3
u
H
O
Treasury Bulletin
12
.FEDERAL FISCAL OPERATIONS.
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5.
13
August 1976
.FEDERAL OBLIGATIONS.
"Obligations"
is
axe
the basis on which the use of funds
controlled in the Federal Government.
They are recorded
at the point at which the Government makes a firm commitment
to
key
acquire
of categories which are based upon the nature of the transaction without regard to its ultimate purpose.
and waget, for example,
for salaries
are
All payments
reported as per-
goods or services and are the first of the four
sonnel compensation, whether the personal services are used
— which
in current operations or in the construction of capital items.
events--order,
delivery,
payment,
consumption
characterize the acquisition and use of resources.
In gen-
eral, they consist of orders placed, contracts awarded, ser-
and firms often do business with one
Federal agencies
vices received, and similar transactions requiring the dis-
another; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements.
FO-1, obligations that
The obligational stage of Government transactions is a
strategic point
in
gauging the
impact of the Government's
distinguished
eure
In Table
incurred within the Government are
from those incurred outside the
Government.
Tables FO-2, 3, and U show only those incurred outside.
operations on the national econon^, since it frequently repfor business firms the Government commitment which
resents
stimulates business investment, including inventory purchases
and employment
months
after
of labor.
Disbursements
may not occur for
the Government places its order but the order
itself usually causes
imnediate
pressure on
Obligation data for the administrative budget fund accoimts were
first
Bulletin
the trust fund accounts were first published in
ajid
the October
I967
published in the September 1967 Treasury
Bulletin.
Bulletin, the data are
the
on
Beginning with the April I968
the basis of the budget concepts
private
adopted pursuant
to
the recommendations of the President's
econon^f.
Cfbligations
are
classified according tn a uniform set
Commission on Budget Concepts.
The March 1976 through June 1976 Obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
)
Treasury Bulletin
14
FEDERAL OBLIGATIONS.
Table FO-1.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, February
29, 1976
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation
Personnel benefits
Benefits for former personnel.
30,649
30,649
2,265
7,828
5,044
7,828
Contractual services and supplies
Travel and transportation of persons.
Transportat ion of things
Rent, communications, and utilities..
Printing and reproduction
Other services
Supplies and materials
1,055
1,430
2,000
275
22,009
16,456
337
1,071
1,665
304
8,402
8,374
AcQuisition of capital assets
Equipment
Lands and structures
Investments and loans
10,128
2,648
9,752
3,876
366
Grants and fixed charges
Grants, subsidies, and contributions.
Insxtrance claims and indemnities
Interest and dividends
Refunds
61,953
79,454
19,650
976
Other
Undistributed U.S. obligations.
Obligations incurred abroad.,..
Unvouchered
-2,696
4,495
130
996
1
-2,694
5,491
131
270,458
35,439
305,897
Gross obligations incurred 1/.
-
579
30,412
24,829
14,005
3,014
10,157
405
89
27
62,043
79,481
26,392
976
^-,742
2
presentation and therefore may differ somewhat from the Budget
document .
Source; Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress. Summary figxires on this basis
(This data is on the basis of Reports on Obligations
follow.
received from the agencies prior to reports submitted for Budget
Table FO-2.
1,392
2,502
3,665
Gross obligations incurred (as above)
Deduct;
Advances, reimbursements, other income, etc.
Offsetting receipts
305,897
-52,174
-32,538
Net obligations incurred
221,185
Gross Obhgations Incurred Outside the Federal Government by Major Function
and Major Object Class, February
29, 1976
(In millions of dollars)
Major object class
Major function
National defense
Personal
services
and
benefits
Contractual
services and
Acquisition of capital assets
siijjplies
Equipment
Lands and
structures
26,093
29,698
9,239
1,060
International affairs
338
555
17
6
General science, space, and technology.
512
2,208
50
65
1,779
2,220
491
434
1,118
5
1,925
1,026
Community and regional development...
328
Education, manpower, and social services
488
Health
951
Natural resources, environment, and
energy
Agr iculture
Commerce and transportation
360
4,167
70,517
375
249
336
1,932
3,084
786
33
2,826
-6
8,130
7
3,048
1,136
-268
5,481
134
388
3,316
5,357
-2,351
9,796
211
3
24
2,343
8,351
-4
11,256
792
13
1
1
14,633
2
15,932
1,679
932
15
168
50
-7
257
19,359
71,105
22,214
74,491
686
227
110
17
90
13,222
57
733
675
2
16,257
1,672
2,998
1,852
2,190
Veterans benefits and services
1,975
General government
General revenue sharing
117
18
320
»
Less than $500,000.
40,742
43,225
2,648
5,203
5,302
5,303
306
18,763
19,090
9,752
162,033
270,458
1
Interest
Total.
Other
306
Income security
Law enforcement and justice
Investments
and loans
Grants
and
fixed
charges
August 1976
15
.FEDERAL OBUGATIONS.
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Treasury Bulletin
16
.FEDERAL OBUGATIONS-
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August 1976
17
.ACCOUNT OF THE
U.S.
TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit in these accounts
'Treasury's accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accounts with thousands of commercial banks throughout
leave funds in banks and in the communities in which they arise
the country.
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its operaIn this way the Treasury is able to neutralize the
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay-
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government securities.
economy.
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
money from a customer's account to the tax and loan account in
Ithe
same bank.
On occasions, to the extent authorized by the
Table UST-1.
-
may be found in the Annual Report of the Secretary of the
Treasury for 1973, pages 282-285.
Status of the Account of the U.S. Treasury
(In millione of dollars)
Treasury operating balance 1/
End of
fiscal year
or month
1967
1968
1969
1970
1971
1972
1973
197A
1975
1976
Federal
Reserve
banks
Spec ial
depositaries
Treasury tax
and loan
accounts
5,773
11,975
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,475
2,854
3,113
4,271
2,745
2,142
Dec
2,776
2,349
8,074
8,517
4,919
7,286
878
1,214
2,162
1,251
1,558
1,159
1976-Jan..
Feb..
Mar..
Apr..
May..
June.
10,077
10,350
7,145
9,808
6,746
11,975
1,899
1,682
864
1,723
1,407
2,854
Julj.
8,741
1,314
1,311
1,074
1,258
1,005
1,274
2,344
4,038
2,919
197.4-Dec
.
1975-Mar..
1975-July
Aug..
Sept.
Oct..
Nov..
Funds in process
of collection
through
Available funds in
demand accounts at:
Other
depositaries 2/
Total
Federal
Reserve
banks
139
106
88
343
7
5,695
5,298
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
577
352
393
355
419
252
243
276
369
235
70
220
5,928
6,633
149
161
^,098
3,423
10,765
10,327
6,485
8,452
11,982
12,039
8,016
11,537
8,159
14,836
168
147
450
163
235
10,054
135
-141
529
559
9
7
7
7
7
7
7
7
Other
depositaries 2/
Time deposits
and other
depositaiy
accounts
Coin,
currency
and coinage
metal
179
117
266
190
158
218
187
54
41
135
76
55
19
35
70
768
553
277
441
471
586
602
752
819
79
97
23
184
599
717
121
225
147
135
109
162
78
85
108
56
-179
-196
756
757
776
818
848
868
183
153
89
56
152
56
55
43
86
52
9
9
.,159
70
907
878
878
879
852
819
201
787
7
4
-296
-298
40
Miscellaneous
balance
items
V
62
Gold
Balance in
accoxmt of
the U.S.
Treasury
Treasury Bulletin
18
.ACCOUNT OF THE
Table UST-2.
-
U.S.
TREASURY
Analysis of Changes in Tax and Loan Account Balances
(In millions of dollars)
,
August 1976
19
ACCOUNT OF THE VS. TREASURY
Table UST-3.
-
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
End of calendar year or month
..
. ..
.
Treasury Bulletin
20
.MONETARY STATISTICS.
Table MS-1.
Currency and Coin in Circulation
-
(In raillions of dollars except per capita figures)
Currencies presently
being issued 1/
Currencies no longer issued
End of
fiscal year
or month
1967
1968
1969
1970
Federal
Reserve
bank
notes
National
bank
notes
61
Gold
certificates 2/
Silver
certificates
Federal
Reserve
notes
^
Treasury
notes of
1890
United
States
notes
Federal
reserve
notes
Total
currencies
^
1971
1972
1973
1974
1975
1976
51
50
50
21
21
20
20
20
20
20
20
20
20
1974-Dec
1975-Mar.
51
50
20
20
211
211
322
322
70,804
69,115
71,411
69,722
1975-June
50
20
211
322
72,093
72,700
50
50
50
50
20
20
20
20
20
20
211
210
210
210
210
210
322
322
322
322
322
322
72,272
72,653
72,410
72,896
75,074
76,981
72,878
73,259
73,016
73,503
75,680
77,588
20
20
20
20
20
20
210
210
210
210
210
210
322
322
322
322
73,691
74,265
75,854
76,758
77,882
79,028
74,297
74,871
76,459
77,364
78,487
79,634
59
57
55
54
53
52
July.
Aug..
Sept.
Oct..
Nov..
lec..
50
50
1976- Jan..
Feb..
Mar..
50
50
50
Apr.
May..
June.
50
50
50
End of
fiscal year
or month
395
225
213
212
211
210
300
299
294
297
321
320
320
321
322
322
39,289
41,722
44,547
47,526
51,304
54,572
59,664
65,185
72,093
79,028
40,071
42,331
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
223
220
218
215
322
322
Total Currency
and Coin in
Dollars
Fractional
coin
circulation
W
Currency and Coin
circulation
per capita
in dollars) h/
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
482
482
482
482
482
633
705
765
816
941
4,160
4,827
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
4,641
5,309
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,24A
44,712
47,640
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877 2/
224.10
224.55
250.65
265.39
282.03
297.84
322.41
348.44
380.06
413.17
1974-Deo.
1975-Mar.
793
804
7,539
7,535
8,331
8,339
79,743
78,061
374.74
366.26
1975-June
816
7,681
8,496
81,196
380.08
820
794
827
868
885
904
7,776
7,858
7,863
7,906
7,980
8,056
8,597
8,652
8,690
8,774
8,865
8,960
81,475
81,912
81,706
82,277
84,545
86,547
381.06
382.81
381.56
911
918
923
930
935
941
8,023
8,041
8,114
8,187
8,235
8,303
8,934
8,960
9,038
9,118
9,170
9,244
83,231
83,831
85,498
86,481
87,657
88,877 2/
387.77
390.37
397.94
402.30
404. 72r
413.17
July.
Aug..
Sept.
Oct..
Nov.
Ifec..
1976- Jan..
Feb..
Mar..
Apr..
May..
June.
Source;
Statement of United States Currency and Coin.
1/ Excludes gold certificates. Series of 1934, which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2/ Issued prior to July 1, 1929.
Issued on and after July 1, 1929.
^
5/
6/
7/
«
383 .95
394.34
403.42
Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
Based on the Bureau of the Census estimated population.
Highest amount to date
Revised.
Less than $500,000.
r
21
August 1976
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal Debt
.
-
.
Treasury Bulletin
22
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
Nonmarketable
Total
End of
fiscal year
or month
1967
1968
1969
1970
1971
interest'
bearing
public
debt
Bills
1/
1972
1973
1974
1975
1976
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
58,535
64,440
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
1974 -Dec
1975 -Mar.
491,561
508,581
282,891
299,989
1975-July.
Aug..
Sept.
Oct..
Nov..
537,211
546,722
552,604
561,063
565,791
575,657
Treasury
notes
Certificates
5,610
U.S.
Treasury
bonds
savings
bonds
Investment
series
Depositary
series
49,108
71,073
78,946
93,489
104,807
113,419
117,840
128,419
150,257
191,758
97,418
91,079
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
111,614
117,808
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
2,589
2,516
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
45
30
119,746
123,972
129,762
141,915
33,382
34,103
208,670
208,592
63,349
64,371
2,269
2,268
323,701
331,080
338,946
350,906
355,879
363,191
133,445
138,086
142,803
147,053
151,139
157,483
153,556
155,239
158,488
166,255
166,051
167,077
36,701
37,755
37,655
37,598
38,689
38,631
213,510
215,642
213,658
210,157
209,911
212,466
65,872
66,176
66,473
66,812
67,177
67,464
2,267
2,266
2,266
2,265
2,265
2,265
369,316
378,773
385,296
386,444
388,021
392,581
159,645
162,088
163,140
161,764
161,840
161,198
171,110
177,576
May.
June,
581,861
592,874
599,224
600,927
608,077
619,254
185,757
186,473
191,758
38,562
39,110
39,014
38,922
39,708
39,626
212,544
214,100
213,928
214,484
220,056
226,673
2,265
2,264
2,264
2,263
2,263
2,263
July..
623,580
397,719
161,399
197,204
39,115
225,861
67,826
68,170
68,567
68,968
69,394
69,733
70,428
Dec.
1976-Jan..
Feb..
Mar..
Apr..
183, U3
2,252
Foreign government
series
Fore ign
Dollar
denomi
nated 2/
19
16
16
9
624
2,001
1,703
3,389
7,606
16,913
26,781
23,412
21,617
19,901
17
17
28
25
23
22
10
10
10
9
9
9
currency
denominated
Government
accoxint
series
y u
890
1,740
1,366
1,664
2,072
1,743
1,599
1,599
1,599
5b,lii
59,526
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
3,389
1,322
1,407
2,002
1,361
2,611
21,214
22,370
1,599
1,599
119,073
116,812
1,151
1,155
20,604
19,952
19,869
19,621
19,684
19,966
1,599
1,599
1,599
1,599
1,599
1,599
121,710
124,084
121,865
118,220
117,486
119,385
1,453
1,558
1,579
1,638
1,699
1,787
20,002
20,090
20,070
20,013
19,916
19,901
1,599
1,599
1,599
1,599
1,599
1,599
119,041
120,105
119,438
119,453
124,570
130,557
1,801
1,864
1,980
2,177
2,305
2,611
19,758
1,599
128,912
2,893
97
282
564
1,656
_J_
Source:
Monthly Statement of the Public Debt of the United States.
1/ As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign govemments for U.S. dollars.
i/ Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962- April 1967; and
Table FB-4.
-
i/
*
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies,
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to "Government account series"
which includes Treasxiry deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Less than $500,000.
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In millions of dollars)
End of
23
August 1976
.FEDERAL DEBT.
Table FD-5.
-
Government Account Series
(In millions of dollars)
End of
fiscal year
or month
V
,
Treasury Bulletin
24
.FEDERAL DEBT,
Table FD-6.
Interest-Bearing Securities Issued by
-
Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal year
or month
Total
amount
outstanding
1/
Family housing
and homeowners
assistance
Housing and Urban Development Department
Federal
Housing
Administrat ion
Gove mine nt
National
Federal
National
Mortgage
Assoc. 2/
ASDrtgage
Association
Secondary
market
operations
Other independent agencies
Farm Credit Administration
Export -Import
Bank of the
United States
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,853
2,036
1,951
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
492
548
577
517
487
454
412
408
487
581
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,160
1974 -Dec.
1975 -Mar.
11,323
11,028
1,312
1,302
440
475
4,280
4,280
2,893
2,593
1975 -June,
10,943
1,276
487
4,260
2,593
July,
Aug.,
Sept,
Oct.,
Nov.,
10,920
10,926
10,935
10,931
10,928
10,904
1,269
1,264
1,256
1,242
1,233
1,220
505
517
534
544
549
564
4,225
4,225
4,225
4,225
4,225
4,200
2,593
2,593
2,593
2,593
2,593
2,593
10,902
10,907
10,901
10,870
10,861
10,853
1,211
1,203
1,194
1,184
1,176
1,171
570
584
587
586
584
581
4,200
4,200
4,200
4,180
4,180
4,180
2,593
2,593
2,593
2,593
2,593
2,593
Dec,
1976^an.
Feb..
Mar.,
Apr.,
May.,
June,
4,079
5,887
Other independent
agencies - Continued
2,164
2,571
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,593
Bank for
cooperatives
1/
Postal
Service
1967
1968
1969
1970
1971
Tennessee
Valley
Authority
1,072
1,230
Other
Janks for
i^ederal home
cooperatives Loan banks
y
y
4,586
4,702
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
3,589
?,463
23,441
22,615
21,250
250
250
250
250
250
1974-Dec..
1975-Mar..
221
250
2,175
2,125
1975 ^une,
250
2,075
2,896
July.
Aug.,
Sept,
Oct.,
Nov.,
250
250
250
250
250
250
2,075
2,075
2,075
2,075
2,075
2,075
2,907
250
250
250
250
250
250
2,075
2,075
2,075
2,075
2,075
2,075
Jime
Federal
intermediate
credit banks
V
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
1972
1973
1974
1975
1976
Apr.,
Hay.,
6
6
6
6
5
5
10
Memorandum - Interest-bearing
525
728
996
1,355
1,855
2,255
2,696
2,075
2,075
Dec,
3,363
3,779
secxirities of non-Govemroent agencies ij
417
1976-Jan.,
Feb.
Mar.,
Federal
Home Loan
Bank Board
^
End of
fiscal year
or month
Federal
intermediate credit
banks
Federal
land
banks
Federal
National
Mortgage
Association
2/
District of
Columbia
Stadium
Fund
.
.
.
25
August 1976
.FEDERAL DEBT,
Table FD-7.
-
Participation Certificates
(In millionE of dollars - face amounts)
Agriculture
Department
End of
fiscal year
or month
1,411
570
2,181
Retire- Outments
standing
Retire- Outments
standing
Outstanding
2,181
y
650 2/ 2,146
2,183
533
369
1,814
321
1,493
268
1,226
618
608
42
576
249
327
249
252
2,900
3,250
1,330
180
180
630
1,280
1,315
1,085
440
110
110
1975-June
249
July
Aug.
Sept
Oct.
Nov.
Dec.
252
252
252
252
252
252
1976-Jan.
Feb.
Mar.
Apr.
May.
June
252
252
252
252
252
252
Retirements
Retirements
Outstanding
492
492
492
198
198
4,191 2/
4,191
4,191
4,191
4,191
4,166
492
492
492
492
492
492
198
198
198
198
198
198
4,166
4,166
4,166
4,146
4,146
492
492
492
492
492
492
198
198
198
198
198
198
600
600
525
225
184
401
168
24
100
100
,125
,166
765
685
517
493
493
492
15
4,26C
35
9/
4,U6
Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
Participation certificates issued by G^MA acting as trustee - Continued
f
Housing and Urban Development Department
fiscal year
or month
Office of Secretary
Retirements
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
680
1,140
640
27
324
963
405
34
^
Government National
Mortgage Association 5/
Outstanding
1,820
2,433
2,109
1,146
741
707
707
707
707
50
50
134
190
81
193
95
65
76
41
1,475
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,197
1,140
Veterans
Administration 7/
Small Business
Administration 6/
Retire- Outstanding
ments
740
465
140
Retire- Outments
standing
520
430
50
70
70
203
225
91
206
41
800
1,160
1,007
782
691
485
444
444
444
444
Outstanding
Sales
60
60
79
136
99
107
243
45
30
40
1,175
1,704
1,885
1,749
1,650
1,543
1,300
1,255
1,225
1,164
167
10
1,234
1,234
Retirements
260
590
260
1974-Eec.
1975-Mar.
707
707
1975-June
707
1,197
July
Aug.
Sept
Oct.
Nov,
Dec.
707
707
707
707
707
707
1,162 s/
1,162
1,162
1,162
1,162
1,150
444
444
444
444
444
444
1976-Jan.
Feb.
Mar.
707
707
707
707
707
707
1,150
1,150
1,150
1,140
1,140
1,140
444
444
444
1,174
1,174
1,174
444
444
444
1,164
1,164
1,164
Apr.
May.
June
16
1,208
1,208
Source:
Bureau of Government Financial Cperations.
1/ Includes the Direct Loan program through September 1972, the Agricultural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2/ Includes Construction of Higher Education Facilities, Health Professions Education fond, and Nurse Training fund, beginning April 1968.
2/ Includes $107 million refunding transaction.
Includes College Housing, Housing for the Elderly, and Public Facility
programs
5/ Includes Special Assistance, and Management and Liquidating programs.
Outstanding
100
200
212
209
207
201
199
199
198
198
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,146
4,286
4,286
249
249
1974-Dec
1975-Mar.
Health, Education,
and Welfare
Department 2/
Farmers Home
Administration 1/
Commodity Credit
Corporation
Retirements
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Participation certificates issued by GNMA acting as trustee
Export-Import Bank
of the United States
444
444
Retire- Outments
standing
99
667
1,021
923
1,590
1,225
6/
8/
V
9/
^
Includes programs for Disaster Loans, and Business Loans and Investments
Includes Direct Loan and Loan Guaranty programs.
In the case of Commodity Credit Corporation, participation certificates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales and retirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities
Figures adjusted to correct errors in rounding.
.
2/
13
1,187
1,187
1,187
1,187
1,187
1,174
Treasury Bulletin
26
.FEDERAL DEBT.
Table FD-8.
-
Debt Subject to Statutory Limitation
(In millions of dollars)
End of
:
August 1976
27
.FEDERAL DEBT.
Table FD-9.
-
Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b)
provides that
the face amount of
authority of that Act,
,
as amended,
obligations issued under
and the face amount
of obligations
The Act of June 30, 1967
(Public Law 90-39)
provides
that the face amount of beneficial interests and participa-
tions issued under
section 302 (c) of the Federal National
guaranteed as to principal and interest by the United States,
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed
in the aggregate $.400 billion outstanding
the fiscal
at any one time.
Public Law 94-33^ provides that beginning
added to the amount
year 1968 and outstanding
at any time shall be
otherwise taken into account in deter-
on June 30, 1976, and ending on September 30, 1976, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily
met.
increased by $236 billion.
Part A.
-
Status
Under Limitation July
31,
1976
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank
J624 5^7
513
f*)
Total public debt subject to limit
623,93^
Other debt subject to limit:
Guaranteed debt of Government agencies
Specified participation certificates
60^
1,135
Total other debt subject to limit
1
739
Total debt subject to limit
62? ,673
Statutory debt limit
'-.'16
Balance of statutory debt limit
Part B.
QOO
10 327
-
Application of Statutory Limitation July
31,
1976
(In millions of dollars)
Classifications
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
Treasury
$161,399
Notes:
Treasury
Bonds
Treasury
Total marketable
Nonmarketable:
Depositary series
Foreign government series:
Dollar denominated
Foreign currency denominated
Government account series
Investment series
R.E.A. series
State and local government series
United States individual retiremeht bonds.
United States retirement plan bonds
United States savings bonds
Uni ted States savings notes
Total nonmarketable
Total interest-bearing debt
Non-interest-bearing debt:
Matured debt
Other
Total non-interest-bearing debt
Total public debt outstanding
Monthly Statement of the Public Debt of the United States,
$500 thousand or less.
Sovirce:
»
197, 20<;
39,115
397,719
19,758
1,599
128,912
2,262
(-)
2,3';5
13
122
70,428
413
225.861
623,580
248
719
967
624,547
Treasury Bulletin
28
.FEDERAL DEBT.
Table FD-10.
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
29
August 1976
.FEDERAL DEBT.
Footnotes to Table FD-10.
Bureau of Government Financial Operations,
These securities were issued to the Treasury in exchange for advances t^ the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agencies to borrow from the Treasury. Fiirther detail may be found in
the 1975 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 354-357, and the 1975 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 564-
6/
565.
8/
Source:
Note;
1/
2/
2/
^/
2/
And predecessor agencies. Beginning fiscal 1^57 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
Farm housing and other loan programs. Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insiirance Fimd), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
Includes securities transferred from the Reconstruction Finance
Corporation.
Consists of notes issued to borrcw for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued ty the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
7/
2/
Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administratior from
September 1968-December 1969.
Consists of notes of:
The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Minerals Exploration Administration); and the Secretary of the Treasin-y throtigh
May 1964.
United States Information Agency
Consists of notes issued by the:
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fiind, fiscal years 1963-67 and Federal Ship Financing Fund
(NOAA), beginning December 1972; Virgin Islands Corjxsration from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of helium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January 1966 - Jtoy 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authori-ty) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 19
74; Federal Railroad Administration, rail service assistance, beginning January 1976, and regional rail reorganization, April, 1976.
Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
..
.
,
EEF
B
L
P
JP
N
K
L
J
B
D
HL
C
.
C
F
Treasury Bulletin
30
.PUBLIC DEBT OPERATIONS.
Table PDO-1.
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding July
31, 1976
{In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Held by
Description
Amount of maturities
Year
and
month
of final
maturity
2,
U.S. Govt,
accounts and All
Federal Re- other
serve banks investors
1/
Sept.
8-lA*
Note
Note
Note
Note
Oct..
1-1/2*
«^l/2*
6-1/4*
7-1/3*
7-1/4*
Note
Note
Note
Note
Note
6-1/2*
5-7/8*
Nov.
Dec.
3/15/768/15/7&-G
3/31/769/30/76-J
4,105
3,883
1,662
2,023
1,562
1,895
65
374
2,543
1,983
1,597
1,649
10 A/76- EG
11
1,579
4,325
1,507
2,232
100
327
137
273
11
1,479
3,998
1,370
2.009
21,377
4,733
16,644
5,163
1,665
2,576
3,08-:
i,075
1,522
2,095
10/31/7«^0
11/15/76-D
ll/30/7t^N
12/31 A€^K
Total.
Aug.
Got.
Nov.
7*
7-3/^
my.
Aug.
Nov.
1977
Feb.
7-3/8*
Note
Note
Note
Note
Note
6-7/8*
9*
Note
Note
6*
Mar.
Apr.
6-1/2*
1-1/^
2A5/77-A
2/28/77-F
3/31/77-G
4/1A7-EA
4/30/77-
U3
481
5
1,579
I
5A5A7-C
5/15/77-
Feb.
May.
Aug.
1,492
Sept.
Oct..
Nov.
2,565
5,329
567
2,983
1,998
2,346
Dec.
'^3/4*
6-1/2*
7-1/2*
7-3/4*
Note
Note
Note
Note
5/31/77-1
6/30/777/31/778/15/77-
2,137
2,170
1,516
4,918
1,690
1,996
1,916
1,457
3,228
3-1/4*
Note
8/31/77-
2,021
lU
1,907
3-3/8*
1-1/2*
7-1/2*
7-3/4*
6-5/8^
7-1/4*
Note
Note
Note
Note
Note
Note
9/30/77-M
3,226
66
10/1/77- EG
10/31/77-
17
I1A5/77-E
11/30/77-3
12/31/77-
Total..
1278
Jan.
Feb.
-
-
7-3/8?
1-1/2?
7-3/3?
7?
7-5/8?
7-3/4*
Note
Note
Note
Note
Note
Bond
Note
Note
-
-
.
-
8/15/30-8
10/1/80- EO
11/15/30
4,296
1,871
730
.'.
20,202
10, 236
1,842
2,168
2,628
556
774
2,020
807
2,536
4,477
60
403
112
1,302
16,528
3,766
2,702
2,747
2,913
2,902
1,050
1,424
1,047
607
11,269
4,123
7,958
1,398
1,997
263
2/15/31-A
2/15/312/15/31-E
4/1/81-EA
5/15/31-D
8/15/31
3/1 5/3111/15/31-3
e^3/8*
8*
8-1/8*
7-7/3*
Bond
Note
Note
Note
-
2/15/82
5/15/32-A
3/l>/32-B
ll/15/32-C
Note
Bond
-
2/15/33-A
-
6A5/78-83
-
Total
eb.
Jur.e
June.
July.
Aug..
Note
Note
Bond
141
254
59
3,156
3,630
2,62^
2,765
200
1,242
252
3,160
17
2,956
2,333
2,529
2,513
47,066
11,466
35,60D
=9
2,667
3
54
1932
5
87
U.S. Govt,
Total
No\'.
May
9*
1-1/2?
3-1/2?
Total
Apr.
2,/
accounts and
Federal Reserve banks
1/
1976
Aug.
Held by
Description
8?
3-1/4*
Total
Aug.
1935
May.
9,356
6-3/8*
Bond
3-1/4*
4-1/4*
Bond
Bond
8/15/34
2,353
1,373
5/15/85
854
5/15/77.
1,U2
204
463
5/15/^5
1,996
1986
May.
7-7/8?
^1/3?
Note
Bond
5/l5/36^A
11/15/36
1,216
609
334
6,435
1,493
3,377
1,247
1,055
283
4,624
1,333
1,333
5,21^1
IWO
Mar.
Apr.
May.
6-3/8*
e^l/4*
8*
Note
Note
Note
6-3/4*
1-1/2*
6-1/2*
7-1/8*
Note
Note
Note
Note
Note
7-7/8!{
1/31/73-
2A5/78-A
2/28/78-G
3/31/78-K
4/1/73- EA
4/30/78-
5A5/78-D
5/15 A3-
Note
Note
July.
Aug..
Oct.
Nov.
Dec.
6^7/3*
8-3/4*
7-5/8*
1-1/2*
6*
3-1/8?
Note
Note
Note
Note
Note
Note
2,511
8,339
2,115
340
3,328
22
2,171
5,061
2,093
Feb.
May.
3,162
244
2,918
1992
Aug.
15
2,574
3,960
4,423
2,567
3)331
7/31 A33/15/73-C
8
5/78-
A
2,854
2,462
5,155
2,218
3,794
2,915
Aug.
631
2,545
2,344
1,831
2,610
1924
May..
lCr/l/7&-E0
3
11/15/7S-B
12/31/78-H
8,207
2,517
3,603
153
4,604
2,364
54,245
14,553
39,692
Total..
Apr.
Mny..
June
Aug..
Sept.
Oct..
.
Nov.
Note
Note
Note
Note
Note
Note
Note
Note
Note
9/30/79-F
10/1/79- EO
11/15/7911/15/79-C
7-1/2?
Note
12/31/79-G
2/15/79- H<
"4/1/79- EA
5/15/79-D
6/30/79-
8A5/79-A
Total.
1980
rib..
Mar..
Apr.
May..
June.
4*
,
1/2?
1/2?
6-7/8?
7-5/8?
Bond
Note
Note
Note
Note
3/3V80-C
44/80- EA
5/15/80-A
6/30/80-D
4,692
1,653
3,039
538
61
1,758
152
1,731
1,721
2,301
1,929
8/15/87-92
3,296
4*
Bond
2/15/33-93
196
53
6-3/4*
Bond
2/15/93
627
209
7-1/2?
Bond
3/15/38-93
1,914
1,235
2,737
1,497
4-1/8?
Bond
5/15/89-94
1,222
3*
Bond
2A5A5
647
7?
Bond
5/15/93-98
692
321
3-l/»
Bond
11/15A3
2,372
733
3,064
1,054
503
Feb..
May.,
Total
1999
May.
3-1/2*
Bond
5/15/94-99
2,414
1,524
Bond
2/15/95-00
1,770
423
Bond
3/15/95-00
1
1,130
426
474
1,315
2,006
59
1,947
21,237
5,7T7
15,460
2,511
2,069
924
113
1,587
1,956
5,567
235
1,698
1,950
Feb... 7-7/3?
2
7,265
2,185
Bond
1998
2
1
1,604
2,241
4-1/4*
1995
3
2
2,269
1,732
4,559
2,081
5/1 5 AO
Total
1979
7*
1-1/2*
7-7/3?
7-3/4*
«^l/4*
8-1/2*
1-1/2*
6-5/8?
7*
2/15/90
1223
^n'eb.
1,674
21577
10
Bond
Bond
Total
15
356
166
1,508
3-1/2?
8-1/4*
Aug.
8-3/3?
Total
2,265
877
4,035
1,305
2,221
1,193
2
Source:
Daily Treasui^ statement and Office of Government Financing
in the
Office of the Secretary.
For issue date of each security, see "Market Quotations on Treasury
1/
Securities."
2005
May.
i7
•
8-1/4?
Bond
5/15/00-05
Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept.
Le.-- than $500,a00.
31
August 1976
PUBLIC DEBT OPERATIONS.
Table PDO-2.
ijDounts
-
Offerings of Bills
in zLLllicr^ of dollars
Eescription of new iesue
ijic^nt
Ifaturily
date
NUEber of
days to
aaturity 1/
Aiacunt of
bids
tendered
Total
unsatured
issues out—
staiKjing after
new issues
of bids ac^ertei
5: coiB-
petitive
tasis 2/
On noncompetitive
asis
2j'
Regular weekly:
fl3-week and 26- reek)
91
182
4,879.1
5,119.9
2,602.3
3,400.6
2,231.6
3,220.4
370.7
180.2
2,901.3
3,102.8
37,120.9
87,669.3
Jxily
91
Oct.
132
5,594.7
5,731.9
2,698.0
3,501.7
2,295.7
3,276.7
402.2
225.0
3,004.2
3,189.9
36,81A.7
87,981.0
36,528.5
88,280.9
l976-fuly
1
Sept. 30
1976- Apr.
29.
July
15
Oct.
14
91
182
6,245.2
6,318.4
2,7Q5.5r
3,402.6
2,292.6
3,176.D
412. Or
226.5
2,991.6
3,102.7
July
22
21
91
182
5,504.4
Oct.
5,3X.4
2,505.8
3,404.1
2,149.4
3,219.1
356.4
185.0
3,001.0
5,604.6
July
Oct.
29
28
91
182
5,571.6
6,032.8
2,608.6
3,501.6
2,281.0
3,323.2
327.6
178.3
3,203.6
35,540.4
88,881.0
91
182
5, 557 .Or
7,702 .5r
2,603.1
3,601.1
2,252.9
3,438.1
350.2
161. Or
3,108.5
3,304.3
35,035.0
89,177.9r
Aug.
Uay
V
3,1C!1.5
36,033.3
88,583.0
13.
Aug.
NOT.
12
12
91
183
5,738.9
6,519.2
2,602.9
3,601.9
2,278.2
3,426.0
324.7
175.9
3,102.3
3,301.8
34,535.6
89,477.9r
20.
Aug.
Nov.
19
18
91
182
4,624.2
6,507.9
2,502 J.
3,502.8
2,128.2
3,331.5
373.8
171.2
2,809.0
3,401.1
34,228.6r
89,579.6r
Aug.
Nov.
26
26
91
183
4,955.4
7,382.2
2,499.8
3,602.3
2,147.5
3.433.2
352.2
169 a
2.901.8
3,411.8
33,a26.6r
89,770.2r
91
182
3,915Jr
2, 504. It
6,567.1r
3,5Q2.7r
2,139.5
3,326.7
364.6r
176.Qr
2,900.9
3.400.7
39, 872. It
91
182
5,513.7r
9
7,017. ir
2,308.&3,399.5r
1,863.3
3,183.7
445. 3r
215. 3r
2.697.7
3,302.2
33,040. 8r
89,969.4r
Sept. 16
Deo.
16
91
182
4,359.9r
2, 103. Or
5,364. 5r
3,202. 5r
1,666.6
3,029.2
436. 3r
173. 3r
2,497.1
5,108.3 5/
32,646.6r
90,072. 7f
Sept. 23
Deo. 23
91
182
4,376.0r
2,105.
5, 522.'?^
3,102.^
1,774.5
2,939.9
162.6
2,403.0
3,107.0
32,349.2r
90.068.2r
Sept. 30
Dec. 30
182
4,163.2
5,221.6
2,301.9
3.402.0
1,929.5
3,234.9
372.4
167.1
2,602.3
3.301.2
32,048.8
90.169.0
17.
July
Sept.
Dec.
2
Sept.
Dec.
9
91
ca-
33,429.9r
Oct.
\^1977-Jan.
7
6
91
182
4,250.4
7,808.6
2,504.2
3,505.5
2,153.9
3,302.2
350.3
203.3
2.698.0
3.500.9
31,855.0
90,173.6
^1976-Oct.
1977-Jan.
14
13
91
182
7,133.7
6,197.6
2,513.7
3,502.8
2,107.8
3,273.8
405.9
229.0
2,705.5
3,403.5
31,663.3
90.272.9
1976-Oct.
1977-Jan.
21
20
91
182
4,855.2
5,330.0
2,400.8
3,501.4
2,065.6
3,337.6
335.2
163.6
2.505.8
3,392.8
31,558.3
90,381.5
'l976-0ct.
1977-Jan.
28
27
91
182
4,745.0
6,397.2
2,501.9
3,605.7
2,180.7
3,447.2
321.2
158.5
2.608.6
3,501.9
31,451.5
90,485.4
f
15.
2
;2-»eeV
1=75-July
29.
1976-July
27
3&4
4,591.2
2,292.6
2,213.8
78.8
1,305.8
27,748.2
Aug.
26.
Aug.
24
364
6,442.0
2,893.3
2,703.3
193.0
2,303.6
28,838.4
Sept.
23.
Sept. 21
364
6,134.7
2,859.7
2,670.8
188.9
1,803.1
29,894.9
Oct.
21.
Oct.
19
364
3,857.7
3,061.9
2,951.0
110.3
2,003.1
30,953.7
Nov.
18.
Nov.
15
363
5,482.6
3,244.6
3,169.3
75.2
2,001.8
32,196.4
Dec.
16.
Dec.
U
364
6,012.5
3,253.1
3,166.1
87.0
2,001.5
33,448.1
1976-Jaii.
13.
1977-Jan.
11
364
4,899.9
3,068.7
2,993.2
75.6
2,001.4
34,515.4
Feb.
10.
Feb.
364
4,913.6
2,930.4
2,880.4
50.0
2,102.7
35,343.1
Mar.
9.
Ifer.
364
5,666.1
3,104.9
3,027.0
77.9
2,102.4
36,345.6
Apr.
6.
Apr.
364
6,045.5
3,202.7
3,086.9
115.9
2,205.4
37,343.0
May
364
5,669. Sr
3,335.5
3,240.0
95. 4r
2,435.3
38,243. It
Ifey
364
4.380.7
2,921.2
2.845.4
75.8
2,404.4
38,760.0
:
Hay
June
1.
29.
July
JuDe
28
364
4.855.7
2,6U.7
2,518.6
93.1
2,591.-i
38,780.4
July
26
364
5,578.9
2,976.5
2,896.9
77.6
2,292.6
39,464.3
f ^7^ -^IattiJ :
1976-Apr.
Footnotes at end of table.
1976-Apr.
22
7,595.0
2.502.6
Jime
1^
6,007.0
2,009.6
}
)
Treasury Bulletin
32
.PUBLIC
Table PDO-2.
DEBT OPERATIONS.
-
Offerings of Bills-Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
High
Equivalent average
rate 6/
Price per hundred
Regular weekly:
13-week and 26-week)
(
Equivalent rate 6/
Price per hundred
(Percent
Percent
Equivalent rate 6/
(Percent)
f
98. 754
97. 307
4.930
5.327
98.762 27"
98. 747
97. 324
4.956
5.294
98.753
97.333
98. 779
97. 438
4.898
5.269
98.749
97.295
4.949
5.351
8/
4.933
5.275
98.744
97.313
4.969
5.315
4.831
5.068
98.786 2/
97.449
4.803
5.046
98.777
97.432
4.838
5.080
.796
.427
4.763
5.089
98.802
97.442
4.739
5.060
98.793
97.420
4.775
5.103
98.,759
97.,356
4.910
5.230
98.764
97.367 iQ/
4.890
5.208
98.758
97.348
4.913
5.246
.756
97.,301
4.920
5.339
98.769
97.321
4.870
5.299
98.753
97.297
4.933
5.347
13.
98.,718
97.,242
5.072
5.425
98.720 JJ/
97.259 12/
5.064
5.392
93.715
97.240
5.084
5.430
20.
98.,673
97.,105
5.250
5.727
98.683
97.122
12/
5.210
5.693
98.667
97.094
5.273
5.748
98..611
96..997
5.495
5.908
98.616
97.002
14/
5.475
5.898
98.609
96.993
5.503
5.915
98,,590
96,,991
5.577
5.952
98.607
97.007 15/
5.511
5.920
98.584
96.977
5.602
5.980
10.
98,,620
97,.084
5.460
5.768
98.624
97.090
5.444
5.756
98.618
97.079
5.467
5.778
17.
98,,640
97,,121
5.380
5.695
98.641
97.131
16/
5.376
5.675
98.634
97.112
5.404
5.713
24.
98,,646
97,,107
5.356
5.722
98.654 17/
97.121 18/
5.325
5.695
98.642
97.101
5.372
5.734
98'. 643
5.368
5.754
98.653
97.112
5.129
5.713
5.411
5.767
98.648
97.097
97. ,255
5.190
5.430
98.694
97.265 19/
98. ,679
97 ,201
5.226
5.536
98.685 20/
97.216
98, 687
5.194
5.497
98.697
97.234 21/
197^ Apr.
29.
May
July
97. 091
98 ,632
97. ,084
98, ,683
97 221
52-week
97.336
:
197^July
29..
93. 143
6.782
93.226 22/
Aug.
26..
92.
588
7.331
92.620 22/
Sept.
23.,
92.
580
7.340
92.611
Oct.
21.,
93,
326
6.600
93.387 2i/
Nov.
18..
93 940
6.010
93.980
Dec.
16..
93,
489
6.440
93.510 25/
1976 -J an.
13.,
94,
360
5.578
94.419
Feb.
10..
94 366
5.572
94.439 26/
Mar.
9.,
93 923
6.010
93.952 27/
Apr.
6..
94 ,155
5.781
94.196
May.
4.
94 .292
5.645
94.338 28/
June
1.
93 .621
6.309
93.652
29.
93 .851
6.082
93.867
94'
.048
5.887
99 .812
4.840
99.815
99 862
5.510
99.865
July
Short-dated:
1976-Apr.
27.
^
33
August 1976
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-2
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an
original maturity of 26 weeks,
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement,
Includes maturing short-dated bills issued Apr, 8, 1976,
Includes maturing short-dated bills issued June 8, 1976,
6/ Bank discount basis.
2/ Except $50,000 at 97.767.
8/ Except $650,000 at 97.345.
Except $100,000 at 98.791.
10/ Except $15,000 at 97.440.
11/ Except $540,000 at 98.726.
^
^
^
22/
13/
37/
-^y
Jg/
^
r^
12/
20/
ZX/
22/
22/
2jy
25/
26/
22/
28/
23/
r
Except
Except
Except
Except
Except
Except
Except
$10,000 at 97.295,
$70,000 at 97.218.
$100,000 at 97.006.
$10,000 at 97.110.
$545,000 at 97.144.
$50,000 at 98,659 and $752,000 at 98,657,
$80,000 at 97,124,
Except $890,000 at 97,270.
Except $500,000 at 98.686,
Except $3,000,000 at 97.240,
Except $15,000 at 94,000 and $10,000 at 93.000,
Except $10,000 at 92.801, $10,000 at 92.650, and $1,000,000 at 92.630.
Except $100,000 at 93.394,
Except $510,000 at 93.519,
Except $655,000 at 95,379.
Except $1,000,000 at 93.992.
Except $10,000 at 94.366 and $715,000 at 94.348.
Except $1,300,000 at 93.873.
Revised.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
Billsi/
35
August 1976
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills l/-Continued
)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills i/-Continued
(Dollar amounts In millions)
Description of issue
Issue
date
1975- June
July
5.
Sept.
Deo.
4
4
12.
Sept.
Dec.
11
11
3.
Oct.
2
U976^an.
2
10.
/i975-0ct.
(l976-Jan.
17.
ri975-0ct.
1976.Jan.
16
ri975-0ct.
Il976^an.
23
22
nL975-0ct.
Il976-Jan.
29
I
2-i.
31.
30
1975 -Nov.
1976 -Feb.
6
14.
'1975 -Nov.
1976-Feb.
13
13
1975-Nov.
1976-Feb.
20
19
1975-Nov.
1976-Feb.
28
26
'
21.
28.
1975- Sept.
15
7.
'
Aug.
Number of
days to
maturity
Maturity
date
5
'1975 -Dec.
4
1976-Mar.
4
11.
1975 -Dec.
1976-Mar.
11
11
18.
1975 -Dec.
1976-Mar.
18
18
?5.
1975 -Dec.
1976^far.
26
2.
Jan.
Apr.
2
9.
Jan.
Apr.
8
8
4.
Jan.
16.
23.
30.
6.
13.
20.
28.
4.
11.
18.
26.
15.
22.
29.
25
1
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
( Percent
New money
increase, or
decrease (-)
August 1976
37
PUBLIC DEBT OPERATIONS,
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury BillsiZ-Continued
;
Dollar amounts in millions)
Description of issue
Ajnount
Number of
IfEUe
date
1Q76-Feb.
Maturity
date
Aug.
May
26.
Aug.
JuOjr
22.
June
$3,109
3,804
4.812
5.066
13
12
90
181
4,709
6,212
3,102
3,902
4.872
5.133
700
27
26
91
182
4,700
5,121
2,90:;
3,731
4.869
5.204
199
22
21
91
182
5,504
5,370
2,506
3,404
4.763
5.089
-193
4.910
5.230
-195
Oct.
29
28
91
182
5,572
6,033
Aug.
Nov.
5
A
91
182
5,557
7,702r
2,603
3,601
4.920
5.338
-209
13.
Aug.
Nov,
12
12
91
183
5,739
6,519
2,603
3,602
5.072
5.425
-199
20.
Aug.
Nov.
19
18
91
182
4,624
6,508
2,502
3,503
5.250
5.727
-205
27.
Aug.
Nov.
26
26
91
183
4,955
7,382
2,500
3,602
5.495
5.908
-2U
Sept.
Dec.
2
91
182
3,915
6,567
2,504
3,503r
5.577
5.952
-295
2
Sept.
9
9
91
182
5,514r
7,017
2,309r
3,399r
5.460
5.768
-292
6.
3.
10.
July
July
Dec.
17.
Sept.
Dec.
16
16
91
182
4,360r
5,364
2,103r
3,202
5.380
5.695
-291r
2*.
Sept.
Dec.
23
23
91
182
4,376
5,523
2,106r
3,103
5.356
5.722
-302
1.
Sept.
Dec.
30
30
91
182
4,163
5,222
2,302
3,402
5.368
5.754
-200
91
182
4,250
7,809
2,504
3,506
5.411
5.767
-189
Oct.
8.
1977^an.
Source:
See Table PDO-2.
1/ Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on June 5, 1974 ($801 million).
2/ Equivalent average rate on bank discount basis.
On June 11, 1974, the Treasury announced that the amount of bills
^
$708
$4,5056,558
2,609
3,502
29.
May
Oct.
New money
increase, or
decrease {-)
91
182
Aug.
May
to
Average rate
of bids
accepted 2/
(Percent)
maturity
lo76-May
5.
13.
Apr.
daj^s
Amount
of bids
accepted
of bids
tendered
offered would be $200 million more than the amount maturing.
It
stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
Revised.
38
E
August 1976
39
_PUBLIC DEBT OPERATIONS,
Table
PDO^.
Offerings of Public Marketable Securities Other than
-
Regular Weekly Treasury Bills-Continued
(Dollar amounts in millions)
Date subscription books
closed or
tenders received
Issue
date
Description of securities 1/
11/13/75
12/2/75
12/5/75
12/5/75
ll/lS/75
12/5/75
12/8/75
12/8/75
5.010?
5.822%
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
6.440?
7-1/4?
7-1/2?
5.578?
7-3/8?
6-3/8?
2/20/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
5-5/8? Note
6.010? Bill
7-1/2? Note
6^3/4? Note
1-1/2? Note
7-3/8? .Note
5.731? Bill
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
5.645?
6-1/2?
7-7/8?
7-7/8?
Bill
Note
Note
Bond
6A/76
5/26/76
b/l/lb
6/3/76
6/1/76
7-1/8?
6.309?
Note Bill -
6/8/76
6/10/76
5.520,6
7-5/8?
Bill Note -
5/31/78-M
5/31/77
6/17/76-Reopenlng
6/30/80-D
6/23/76
6/21/76
6/29/76
6/20/76
6/30/76
7/9/76
5.081?
6-7/8?
7-5/8?
Bill Note Note -
6/28/77
6/30/78-N
8/15/81 -F
7/21/76
7/20/76
8/3/76
8/4/76
i/b/lb
7/27/76
7/30/76
8/16/76
8/16/75
8/16/76
5.7?of.
Bill Note Note Note Bond -
7/26/77
7/31/78 -P
8/15/79-J
8/15/86-B
8/15/1996-2001
V3/76
3/5/76
3/18A6
2/
,
3/24/76
3/29/76
Footnotes on following page.
5.22055
5.140?
8?
5.572?
7?
8-1/4?
6-7/8?
6-7/8?
8?
8?
Period to final
matxirity
(years, months,
days) 2/
Bill
Bill
Bill
Bill
11/15/75
4/22/76 12/18/75 12/26/75 -
Bill
Note
Note
Bill
Note
Note
Note
Bill
Note
Bond
12/14/76
12/31/77 -P
2y
12/31/79 -C
4y
l/Jl/77
5/15/81-D
5y 4i!i
1/31/78-J
2y
2/15/83-A 6/
7y
2/8/77
2/15/79-H
3y
5/15/2000-05 Reopening 29y 3m
.
.
.
•
-
-
-
-
363d
139d
lOd
18d
Reopening
Reopening
Reopening
11/30/77-Q
3/8/77
3/31/80 -C
3/31/78-K
4/1/81- EA
2/15/814/5/77
364d
364d
ly 9m
364d
For
cash
Exchange
5,482
5,289
3,245
2,002
1,657
1,977
602
601
6,013
4,390
4,294
4,901
i,
364d
Amount issued J/
Amount of subscriptions tendered
29,223p
4,913p
4,480
712p
4,959p
1,939
1,600
215
3,253
2,553
2,005
3,069
2,020
2,508
6,031p
2,930p
3,091
402p
364d
5/3/77
4/30/78-L
2y
5/15/86-A
6/
IQy
2/15/95 -2000-R8opening 23y 90
364d
2y
364d
9d
4y Im
364d
2y
5y Im
364d
2y
3y
toy
?5y
Allotment
ratio
52/
60/
61/
62/
1,939
6y
1,600
215
6V
2,628p
6g/
5,665
5,507p
4,950p
2,069p
154p
68/
5,178p
5,045p
2,626p
3,202p
62/
",105
3,
10-1/210
In exchange
5,518p
4,712p
8,916p
l,525p
4,719p
4,381p
6,007
5,245p
300
472
117
82
3,185p
2,274p
4,663p
751p
2,252p
2,92lp
2,010
2,ie4p
4,856p
4,295P
5,580p
692
2,612p
2,538P
2,584p
5,653p
4,819p
5,459p
24,369p
2,554p
700
2.967p
2,755p
2,055p
7,982p
981p
1,477
250
62/
300
472
117
70/
21/
82
2i/
692
700
1,477
250
21/
26/
22/
28/
22/
.
.
.
.
.. .
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS.
Footnotes to Table
Bureau of the Public Debt.
Source:
footnote t.
Note: All securities (except EA & EO notes), except those bearing
were sold at auction through competitive and noncompetitive bidding.
1/ For bill Issues, always sold at auction, the rate shown is the equivalent average rate (bank discount basis) on accepted bids. Other
securities Issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
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 offerings,
For securities exchanged for the new Issues see Table PDO-7.
Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Sold at fixed price by subscription.
7/ Exchange offering available to owners of nonmarketable 2-'i/lS Treasury
bonds. Investment Series B-1975-30, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for' April
1951, page A-1.
Issued
to Federal Reserve banks and Government accounts in exchange
8/
for notes maturing Aug\ist 15, 1974.
2/ Prices accepted ranged from 101.28 (yield 8.48*) down to 100.86
(yield 8.65if) with the average at 101.00 (yield 8.59^.
12/ Prices accepted ranged from 101.50 (yield 8.67® down to 101.01
(yield 8.78«) with the average at 101.15 (yield 8.75®.
U/ Prices accepted ranged from 99.76 (yield 8.52® down to 98.00 (yield
8.70® with the average at 98.70 (yield 8.63®
12/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
IJ/ Yields accepted ranged from 3.39? (price 99.75) down to 8.20* (price
100.09) with the average at 8.34)6 (price 99.84).
yj Yields accepted ranged from 7.93if (price 99.787) down to 7.78*
(price 100.349) with the average at 7.89* (price 99.937).
15/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
ig/ Yields accepted ranged from 7.87* (price 99.685) down to 7.78*
(price 99.921) with the average at 7.85* (price 99.737)
12/ Yields accepted ranged from 7.86* (price 99.416) down to 7.75*
(price 100.000) with the average at 7.82* (price 99.628).
18/ Prices accepted ranged from 103.50 (yield 8.17® down to 102.79
(yield 8.23® with the average at 103.04 (yield 8.21®
Sale of a "strip" of Treasury bills consisting of an additional $200
1,9/
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37* (price 99.781) down to 7.15*
(price 100.183) with the average at 7.32* (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27® down to 101.80
(yield 7.37® with the average at 101.95 (yield 7.33®.
22/ Prices accepted ranged from 100.91 (yield 7.18® down to 100.80
(yield 7.27® with the average at 100.84 (yield 7.24®
24/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
25/ Yields accepted ranged from 7.17* (price 99.814) up to 7.23* (price
99.643) with the average at 7.21* (price 99.700).
26/ Yields accepted ranged from 7.40* (price 99.881) up to 7.52* (price
99.311) with the average at 7.49* (price 99.453).
22/ Yields accepted ranged from 7.89* (price 99.837) up to 7.96* (price
99.084) with the average at 7.95* (price 99.191).
22/ Yields accepted ranged from 5.88* (price 99.993) up to 5.98* (price
99.852) with the average at 5.94* (price 99.908).
22/ Yields accepted ranged from 5.97* (price 100.056) up to 6.12* (price
99.778) with the average at 6.09* (price 99.834).
JO/ Prices accepted ranged from 101.51 (yield 7.45® down to 101.07
(yield 7.54® with the average at 101.21 (yield 7.51®.
21/ Yields accepted ranged from 5.90* (price 100.082) up to 6.01* (price
99.757) with the average at 5.98* (price 99.991).
32/ Yields accepted ranged from 6.40* (price 100.185) up to 6.60* (price
99.815) with the average at 6.51* (price 99.932).
22/ Yields accepted ranged from 8.15* (price 100.826) up to 8.37* (price
98.947) with the average at 8.31* (price 99.455).
34/ Yields accepted ranged from 6.95* (price 100.234) up to 7.19* (price
99.865) with the average at 7.15* (price 99.926).
25/ Yields accepted ranged from 7.37* (price 100.009) up to 7.45* (price
99.863) with the average at 7.43* (price 99.900).
36/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1975.
22/ Yields accepted ranged from 7.60* (price 100.001) up to 7.74* (price
99.604) with the average at 7.70* (price 99.717)
Yields accepted ranged from 7.96* (price 100.212) up to 8.02* (price
99.894) with the average at 8.00* (price 100.000)
22/ Yields accepted ranged from 3.25* (price 100.000) up to 8.32* (price
99.232) with the average at 3.30* (price 99.450).
^
^
^
PDO^.
40/
41/
i2/
42/
yj
45/
46/
47/
48/
49/
50/
51/
52/
52/
54/
52/
56/
52/
52/
52/
60/
61/
62/
63/
Yields accepted ranged from 6.79* (price 99.924) up to 6.92* (price
99.683) with the average at 6.36* (price 99.794).
Yields accepted ranged from 6.38* (price 100.158) up to 6.58* (price
99.395) with the average at 6.54* (price 99.947).
Yields accepted ranged from 6.50* (price 100.000) up to 6.69* (price
99.650) with the average at 6.61* (price 99.797).
Yields accepted ranged from 7.74* (price 100.034) up to 7.85* (price
99.664) with the average at 7.33* (price 99.731).
Yields accepted ranged from 7.49* (price 100.018) up to 7.53* (price
99.945) with the average at 7.52* (price 99.963).
Issued to Federal Reserve banks and Government accounts in exchange
for notes matiiring August 15, 1975.
Yields accepted ranged from 7.75* (price 100.233) up to 7.97* (price
99.695) with the average at 7.94* (price 99.768).
Yields accepted ranged from 8.06* (price 100.343) up to 8.18* (price
99.711) with the average at 3.14* (price 99.921).
Yields accepted ranged from 8.38* (price 99.943) up to 3.48* (price
98.917) with the average at 8.44* (price 99.327).
Yields accepted ranged from 8.15* (price 100.130) up to 8.29* (price
99.926) with the average at 8.25* (price 99.998).
Yields accepted ranged from 3.45* (price 100.145) up to 8.56* (price
99.773) with the average at 3.54* (price 99.840).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
Yields accepted ranged from 8.40* (price 99.955) up to 8.46* (price
99.847) with the average at 3.44* (price 99.883)
Yields accepted ranged from 8.05* (price 99.893) up to 8.13* (price
99.722) with the average at 8.10* (price 99.736).
Yields accepted ranged from 8.06* (price 101.121) up to 8.19* (price
99.761) with the average at 8. 14* (price 99.899).
Yields accepted ranged from 7.47* (price 100.055) up to 7.59* (price
99.836) with the average at 7.55* (price 99.909).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing 11/15/75.
Yields accepted ranged from 7.87* (price 100.027) up to 7.95* (price
99.603) with the average at 7.92* (price 99.762).
Prices accepted ranged from 101.73 (yield 8.21® down to 101.34
(yield 8.24® with the average at 101.50 (yield 3.23®.
Yields accepted ranged from 7.24* (price 100.018) up to 7.31* (price
99.890) with the average at 7.28* (price 99.945).
Yields accepted ranged from 7.43* (price 100.238) up to 7.53* (price
99.898) with the average at 7.50* (price 100.000).
Yields accepted ranged from 7.35* (price 100.103) up to 7.42* (price
99.806) with the average at 7.40* (price 99.892).
Yields accepted ranged from 6.41* (price 99.935) up to 6.51* (price
99.751) with the average at 6.49* (price 99.738).
All accepted subscriptions were awarded at the price of 100.00
(yield 8.00®
Yields accepted ranged from 7.00* (price 100.000) up to 7.09* (price
99.761) with the average at 7.05* (price 99.867)
Prices accepted ranged from 102.14 (yield 3.05® down to 101.42
(yield 3.12® with the average at 101.75 (yield 3.09®.
Yields accepted ranged from 6.57* (price 100.039) up to 6.64* (price
99.925) with the average at 6.62* (price 99.957)
Yields accepted ranged from 7.50* (price 99.990) up to 7.55* (price
99.818) with the average at 7.54* (price 99.853).
Yields accepted ranged from 6.71* (price 100.074) up to 6.30* (price
99.903) with the average at 6.76* (price 99.982).
Yields accepted ranged from 7.35* (price 100.101) up to 7.39* (price
99.940) with the average at 7.38* (price 99.980)
Yields accepted ranged from 6.59* (price 99.337) up to 6.63* (price
99.765) with the average at 6.61* (price 99.801).
All accepted subscriptions were awarded at the price of 100.00
(yield 7.875*).
Prices accepted ranged from 97.50 (yield 8.11® to 96.36 (yield
Yields accepted ranged from 7.08* (price 100.082) up to 7.19*
(price 99.831) with the average at 7.16* (price 99.936).
Yields accepted ranged from 7.68* (price 99.796) up to 7.73*
(price 99.625) with the average at 7. 71j6 (price 99.693).
.
64/
65/
66/
62/
^
62/
20/
71/
72/
22/
74/
75/
26/
77/
78/
79/
80/
*
p
Yields accepted ranged from 6.96* (price 99.844) up to 7.01*
(price 99.752) with the average at 6.99* (price 99.789).
Yields accepted ranged from 7.60* (price 100.076) up to 7.64*
(price 99.909) with the average at 7.63* (price 99.951).
Yields accepted ranged from 6.90* (price 99.953) up to 6.96* (price
99.343) with the average at 6.95* (price 99.861).
Yields accepted ranged from 6.88* (price 99.987) up to 6.92* (price
99.880) with the average at 6.91* (price 99.907).
All accepted subscriptions were awarded at the price of 1CX),00 (yield
8.00*).
Yields accepted ranged from 7.93* (price 100.215) up to 3.03* (price
99.679) with the average at 8.01* (price 99.393)
Less than $500,000.
Preliminary.
August 1976
41
PUBLIC DEBT OPERATIONS
Table PDO-5.
Description of securities
1976
7-1/2*
Note
8/15/76-C
6-1/2*
Note
8/15/76-G
5-7/8*
Note
8/31/76-L
8-1/^*
Note
9/30/76-J
6-1/2*
Note
10/31/76-0
b-\/l,%
Note
11/15/76-D
7-1/3*
Note
ll/30/76-N
7-1/4*
Note
12/31/76-K
1977
-
Unmatured Marketable Securities Issued at a Premium
Other than Advance Refunding Operations
Date of
financing
Amount issued
( In millions!
Average price
per hundred
Effective
interest
rate
or Discount
Eligible securities exchanged
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-5.
-
Unmatured Marketable
Securities Issued at a
Premium
Other than Advance Refunding Operations-Continued
Description of
or Discount
August 1976
43
.PUBLIC
Table
Description of
PDO-5.
DEBT OPERATIONS.
Unmatured Marketable Securities Issued at a Premium
Other than Advance Refunding Operations-Continued
-
or
Discount
Treasury Bulletin
44
.PUBLIC
Table PEX)-6.
-
DEBT OPERATIONS.
Unmatured Marketable
Securities Issued at a
Premium
Other than Advance Refunding Operations— Continued
Description of
or Discount
August 1976
43
.PUBLIC DEBT OPERATIONS
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
-
Other than
Bills
1/
Treasury Bulletin
46
PUBLIC DEBT OPERATIONS,
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.
-
Other than Bills ay— Continued
47
August 1976
PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Regular Weekly Series
(In millions of dollars!
Treasury Bulletin
48
.PUBLIC DEBT OPERATIONS,
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar amounts in millionsj
Date of
August 1976
49
.PUBLIC
Table PDO-7.
-
DEBT OPERATIONS.
Di sposition of Public Marketable Securities
Other than Reg ular Weekly Treasury Bills— Continued
(Dollar amounts in millions)
.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-7
Source:
Bureau of the Public Dsbt.
1/ Original call and maturity dates are used.
2/ All bv investor'^ other than Federal Reserve banks
2/ Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" belcm.
ij Exchanged by Federal Reserve banks and Oovemment accounts for $233
million of 7-3/4Sf notes of Series B-1977 and $92 million of 7-1/2^
bonds of 1938-93 issued August 15, 1973.
Exchanged by Federal Reserve banks and aovemment accounts for $495
million of 7-3/4^ notes of Series B-1977 and $233 million of 1-1/2%
bonds of 1988-93 issued August 15, 1973.
£/ Exchanged by Federal Reserve banks and Government accoimts for $220
million of 7% notes of Series C-1979, $220 million of 1% notes of
Series H-1975 and $136 million of 7-1/2* bonds of 1988-93 issued
^
November 15, 1973.
Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8* notes of Series C-1977, $25 million of 7* notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2*
•
bonds of 1988-93 Issued February 28, 1974.
8/ Exchanged by Federal Reserve banks and Government accounts for $302
and
February
1974,
issued
15,
Series
A-1981
million of 7* notes of
$240 million of 7-1/2* bonds of 1988-93 issued February 28, 1974.
2/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4* notes of Series 1-1976 and $343 million of 8-3/4*
notes of Series C-1978 issued May 15, 1974.
10/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4* notes of Series C-1978 and $279 million of 8-1/2*
bonds of 1994-99 issued May 15, 1974.
11/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9* notes of Series D-1977, $2,461 million of 9* notes of
Series B-1980 and $486 million of 8-1/2* bonds of 1994-99 Issued
August 15, 1974.
12/ Exchanged by Federal Reserve banks and Govemment accounts for 8-1/4*
notes of Series J-1976 Issued September 30, 1974.
13/ Exchanged by Federal Reserve banks and Govemment accounts for $1,059
million of 7-3/4* notes of Series E-1977, $949 million of 7-3/4* note
of Series B-1981 and $196 million of 8-I/2* bonds of 1994-99 issued
November 15, 1974.
1^/ Exchanged by Federal Reserve banks and Govemment accounts for 8-1/ J^
bonds of 1994-99 issued November 15, 1974.
15/ Exchanged by Federal Reserve banks and Govemment accounts for 7-l/»t^
notes of Series K-1976 issued December 31, 1974.
Exchanged by Federal Reserve baii]£s and Govemment acccunts for $692
million of 7-1/8* notes of Series D-1978, $400 million of 7-3/8*
notes of Series C-1981 and $36 million of 7-7/8* bonds of 1995-2000
2/
i^
Note:
Issued February 18, 1975.
17/ Exchanged by Federal Reserve banks and Govemment accounts for $4
million of 7-1/8* notes of Series D-1978 and $114 million of 7-7/8*
bonds of 1995-2000 issued February 18, 1975.
IS/ Exchanged by Federal Reserve banks and Govemment accounts for $2,300
million of 7-5/8* notes of Series E-1978, $1,233 million of 8* notes
of Series A-1982 and $630 million of 8-I/4* bonds of 2000-05 Issued
May 15, 1975.
iS/ Exchanged by Federal Reserve banks and Govemment accounts for 8-1/4*
bonds of 2000-05 Issued May 15, 1975.
2S/ Exchanged by Federal Reserve banks and Govemment accounts for $1,372
million of 7-7/8* notes of Series F-1978, $902 million of 8-1/8* notes
of Series B-1932 and $313 million of 8-3/8* bonds of 1995-2000 Issued
August 15, 1975.
21/ Exchanged by Federal Reserve banks and Govemment accounts for
8-3/8* notes of Series M-1977 issued September 30, 1975.
,,/ Exchanged by Federal Reserve banks and Govemment accounts for
i^
$384
million of 7-7/8* notes of Series C-1982 and $150 million of 8-3/8*
bonds of 1995-2000 Issued November 17, 1975.
-23/ Exchanged by Federal Reserve banks and Govemment accounts for 7-1/4*
notes of Series P-1977 issued December 31, 1975.
2lJ Exchanged by Federal Reserve banks and Govemment accounts for
1368 million 7* notes of Series H-1979, $1,939 million 8* notes
of Series A-1933 and $215 million of 8-l/4?> bonds of 2000-05
issued February 17, 1976.
15/ Exchanged by Federal Reserve banks and Govemment accounts for
$1,232 million of 7* notes of Series H-1979 issued Febmary 17, 1976.
26/ Exchanged by Federal Reserve banks and Government
accounts for $97 million of 6-3/4* notes of Series
K-1978 issued March 31, 1976.
22/ Exchanged by Federal Reserve banks and Govemment accounts for $276
million of 7-7/8* notes of Series A-1986 issued 5/17/76 and $35 million of 7-7/8* bonds of 1995-2000 issued May 17, 1976.
28/ Exchanged by Federal Reserve banks and Govemment accounts for $300
million of 6-1/2* notes of Series L-1978 and $196 million of 7-7/8*
notes of Series A-1986, and S32 million of 7-7/3* bonds of
1995-2000 issued May 17, 1976.
29/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8*
notes of Series M-1978 issued Tune 1, 1976.
Exchanged by Federal Reserve banks and Govemment accounts for 6-7/8*
-22/
notes of Series N-1978 issued June 30, 1976.
Exchanged by Federal Reserve banks and Government accounts for $700
-2=/
million of 6-7/8* notes of Series J-1979 and $60 million of 8* notes
of Series B-1986.
^2/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8* notes of Series B-1986 and $250 million of 8* bonds of
1996-2001 issued August 16, 1976.
Information on retirement of tax antic
in millions of dollars:
In footnote 3,
August 1976
51
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable in U.S. dollars; dollar amounts in millions)
Treasury Bulletin
52
.PUBLIC
DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
August 1976
33
.PUBLIC
DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Certificates of indebtedness
Maturity
date
8/14/75
11/13/75
11/13/75
2/13/76
3/05/75
8/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
8/22/74
11/28/75
11/28/75
11/28/75
11/28/75
6/30/77
7/31/77
10/31/77
8.90
6.50
7.50
7.50
3/05/75
6/05/75
12/04/75
12/04/75
12/16/75
12/04/75
3/04/76
6/03/76
10/17/75
10/24/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
1/16/76
1/23/76
2/13/ 76
2/13/76
9/19/74
12/16/75
12/18/75
12/18/75
12/18/75
12/16/77
5/15/78
8/15/78
7/10/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
1/08/76
1/03/76
1/15/76
1/15/76
1/22/76
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
7/29/75
12/02/75
12/02/75
1/27/76
1/23/76
2/05/76
10/24/74
1/29/76
1/29/76
1/29/76
1/29/76
10/31/77
8/15/78
11/15/78
11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
8/U/75
8/U/75
8/1V75
8/1V75
8/U/75
11/05/75
11/07/75
11/1V75
/certificates of indebtednes
1976-Jan.
Certificates of indebtedness
Bills
Interest
rate
(percent)
Issue
date
Total outstanding
end of month
230
233
55
40
15
70
35
20
10
19,684
55
40
70
35
20
10
15
240
100
100
100
200
87
40
47
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
8.35
7.30
7.125
7.625
7
25
55
40
10
20
35
70
15
\
30
66
48
163
19,966
8
10
15
196
200
200
150
100
74
41
185
161
96
40
80
40
40
35
187
163
>
97
40
120
6.70
5.90
5.60
7.80
7.50
7.625
6.00
40
20
25
175
50
50
150
233
40
40
120
40
236
40
60
60
20,002
54
Treasury Bulletin
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
I
Payable in U.S. dolla
dollar amounts in millions
)
August 1976
53
PUBLIC DEBT OPERATIONS,
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amOTjnts in millions)
.
36
Treasury Bulletin
.PUBLIC DEBT OPERATIONS,
Tabl« PDO-9.
Foreign Currency Series Securities <Nonmarketable)
-
Issued to Official Institutions of Foreign Countries
—Continued
(Dollar ajnounts in millions)
Amount
(Dollar equivalent)
Payable
Jtonth of
activity
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
11/06/72
11/20/72
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
33
36
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
318
30
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
6.00
8.40
8.40
8.60
3-09-73
6-07-74
6-07-74
9-08-75
6.625
3.35
129
francs
francs
1-18-74
7-18-74
7-18-74
1-20-75
8.05
7.90
127
francs
francs
francs
francs
4-05-73
4-17-73
7-05-74
7-17-74
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
francs
francs
francs
francs
francs
francs
francs
francs
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
3-01-76
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
Swiss francs
7/18/74
1/20/75
7.90
Swiss francs
1/20/75
4/20/76
6.97
127
Swiss francs
Swiss francs
11/30/73
2/28/75
2/28/75
5/28/76
6.98
6.10
33
Swiss francs
Swiss IVancs
1/7 7^
4/7/75
7/7/76
isn
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
6.40
7.15
7.25
6.21
6.39
5.79
Certificates of indebtednee
July.
Notes
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Apr,
Notes
'
Total outstanding
end of month
2/20/74
Notes
Feb.
Interest
rate
(percent)
6.60
6.60
Apr,
(:Notes
Maturity
date
2/06/74
2/20/74
5/06/75
5/20/75
197/i-Feb.
Certificates of indebtedness
Issue
date
2/06/7-;
11- 26k 75
5.40
5.25
311
29
5.70
5.70
6.88
14
49
129
127
29
170
64
38
400
38
38
1,599
33
3/11/74
3/13/74
6A3A5
6/11/75
6/13/75
9/10/76
12/10 '76
6/14/76
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
4/08/74
4/29/74
7/08/75
7/29/75
7/08/75
7/29/75
10/08/76
10/29/76
8.40
8.60
7.15
7.35
50
""Swiss francs
6/7/74
9/8/75
9/8/75
3/8/77
8.35
l.Ti
129
V Swiss francs
7/05/74
I/YJ/IK
10/06/75
10/17/75
10/06/75
10/17/75
4/06/77
4/18/77
8.55
8.40
7.70
7.25
Swiss francs
Swiss francs
W/Zl/ll,
11/26/75
11/26/75
7.35
5/26/77
6.95
I
Jjly.
Sept.
Swiss francs
Swiss francs
I
} Swiss francs
\ Swiss francs
/
1
1976-Feb
f
francs
francs
francs
francs
11/01/74
11/20/74
i/Vl/lb
2/20/76
2/02/76
2/20/76
8/02/77
8/19/77
7.94
7.30
6.08
6.35
Swiss francs
11/29A4
3/01A6
3/01/76
9/01/77
7.30
6.40
Swiss
Swiss
Swiss
Swiss
1,599
67
67
francs
francs
francs
francs
francs
6/11A5
6/11A5
1.5
400
Swiss
Swiss
Swiss
Swiss
I
)
64
38
^ Swiss
<
1,599
29
170
2/06/74
2/20/74
I
1,599
24
15
50
francs
francs
francs
francs
8/20/75
1,597
23
Swiss
Swiss
Swiss
Swiss
M^.
1,589
}
33
36
33
36
^ 599
1,599
318
30
l,'i99
148
170
30
38
50
38
129
29
170
29
170
400
400
1,599
1,599
1,599
1,599
64
38
1,599
38
1,599
64
38
38
August 1976
57
.PUBLIC
Table PDO-9.
-
DEBT OPERATIONS.
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
I
Month of
Dollar amounts in millions)
Treasury Bulletin
38
.UNITED STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
A
-
D were sold from March
Series
30,
F and G were sold
1952.
are the only savings bonds cur-
April 30, 1957.
been on sale since May
interest yields,
sale since June
1,
1935
1,
1,
1952.
through April 30,
from May
1,
Table SB-1.
-
Series
1941.
through April
1941
Series J and K were sold from May
1941,
1,
1952
through
Details of the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, toy 1952, May 1957, October
and December 1959,
September
I*fey
and
October 1961,
1970; and the Annual
June 1963,
the Treasury for fiscal years 1966 through 1974.
Sales and Redemptions by Series, Cumulative through July
{In millions of dollars)
and
Report of the Secretary of
31,
1976
39
August 1976
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Redemptions by Periods, Series E through
Sales and
K
(In mill ions of dollars)
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Sales
price 2/
Amount outstanding
Accrued
discount 2/
Interest-bearing
debt
Series E and H Combiiied
129,812
23,433
153,245
103,567
91,9a
11,642
49,682
4,965
4,739
4,550
4,449
5,082
5,939
6,514
6,429
6.826
7,293
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
6,584
6,470
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
5,449
5,715
6,198
6,721
5,416
5,331
5,581
6,675
6.517
6,539
4,536
4,739
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
913
976
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
127,301
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
22,650
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
149,951
6,440
6,578
6,452
6,224
100,702
5,477
5,439
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
89,559
4,561
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
11,143
916
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
601
592
539
909
557
307
270
277
296
272
298
519
558
520
520
444
569
408
441
411
415
353
451
111
118
109
105
91
117
65,872
66,176
66,473
66,812
67,177
67,464
693
607
679
673
648
603
320
279
290
306
281
301
1,013
886
969
980
929
904
652
542
572
578
517
414
503
565
448
391
441
134
128
131
130
112
124
67,826
68,170
68,567
68,968
69,394
69,733
641
630
1,272
577
451
125
70,428
563
537
6,"574
7,669
8,662
8,943
9,856
10,406
862
816
859
809
855
4a
Matured
non- interestbearing debt
Treasury Bulletin
60
.UNITED STATES SAVINGS BONDS,
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through K -Continued
(In millions of dollars)
Redemptions 1/
Period
Fiscal years :
1941-66
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
Calendar years
1941-65
1966
1967
1968
1969
1970
1971
1972
Sales plus
accrued
Sales 1/
Accrued
d is count
120,108
4,599
4,466
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
23,432
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
143,541
6,217
6,196
6)131
6,130
6,926
7,960
8,755
8,894
9,755
10,471
100,282
4,895
5,154
5,548
5,959
4,959
4,972
5,209
6,156
6,063
6,114
88,639
3,982
4,178
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
11,642
913
117,826
4,450
4,574
4,452
4,221
4,503
5,218
22,650
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
140,476
6,031
6,255
6,209
6,052
6,412
7,411
8,348
8,661
9,518
10,097
97,686
4,913
4,94i
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
86,543
3,997
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
307
270
277
296
272
298
870
836
799
838
786
835
481
522
488
483
979
856
939
949
901
884
1,248
1973
5,922
5,988
1974
1975
6,524
6,729
Sales
price j/
discoxint
Accrued
discount
^
Exchange of
E bonds for
H bonds
1,406
216
196
184
210
231
Amount
outstanding
( interestbearing debt)
292
338
310
310
326
41,853
42,959
43,805
44,205
44)167
45,902
48,598
51,806
54,234
57,617
61,648
11,143
916
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,286
224
207
191
180
228
249
329
319
310
326
41,504
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
371
405
380
378
322
420
111
118
109
105
91
117
26
30
27
29
20
25
57,979
58,263
58,546
58,872
59,226
59,498
613
510
533
540
468
523
479
383
403
29
26
59,835
60,154
31
60, 528
27
356
399
134
128
131
130
112
124
25
29
60,909
61,316
61,648
545
420
125
26
62,325
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
Months;
1975-July
Aug
Sept
Oct
Nov
Dec
563
566
522
542
1976-Jan
Feb
Mar
Apr
May
June
659
643
620
584
320
279
290
306
2B1
301
July
617
630
Fiscal, year?;
5U
537
577
649
U3
538
ai
..
:
August 1976
61
.UNITED STATES SAVINGS BONDS.
Tabic SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Unclassified
10/
Period
Series E
and H
Fiscal years
1951-60
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973.
197A
1975
1976
Total
Other
Series E
and H
Other
:
Calendar years
1951-59
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
71,787
3,358
3,070
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,722
41,741
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,722
31,639
283
196
139
140
118
104
79
36,928
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
28,103
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
8,915
825
201
175
125
131
111
107
44
289
119
307
160
177
413
269
400
213
283
392
413
269
400
213
283
392
572
578
504
566
173
273
333
196
278
242
173
273
333
196
277
241
478
268
239
382
226
324
478
268
239
382
226
324
578
301
299
277
277
107,835
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
29,914
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
15,277
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
14,637
940 2/
925 8/
657 2/
,072
,732
595
,602
021
,252
14,195
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
13,807
1,089 6/ 2/
922 2/ 8/
730 8/ 2/
426 2/
441
,000
793
,133
,639
,295
,244
365
,210
833
,291
28,002
3,003
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
519
559
519
520
443
569
105
105
289
119
307
161
177
304
246
280
412
260
143
29
9
7
5
5
-1
25
6
10,102
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
:
1971
1972
1973
1974
1975
282
216
391
345
209
84
15
8
6
3
5
13
2
141
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
Months
1975 ^uly
Aug
Sept.
Got
Nov
Dec
1976-Jan
Feb
Mar
Apr
May
June ,
. .
651
542
.
.
July....
Source: Monthly Statement of the Public Debt of the D.S.; Office of Market Analysis, United States Savings Bonds Division.
Note;
In these tables sales of Series A-F and J bonds are included at issue price, and redemptions and amounts outstanding at cxirrent redemption value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are Included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds' of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures Include exchanges of minor amounts of (1)
matured Series E bonds for Series
and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January 1960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods of Series A-D
combined will be found in the February 1952 and previous issues of the
2/
Treas\iry Bxilletin.
Because there is a normal lag in classifying redemptions, the distribution of redemption between sales price and accrued discoiint has beer
estimated. Beginning with the Treasxiry Bulletin of March 1961 the
^
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4?
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4? marketable
7/
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for i% marketable bonds
^
5/
of 1969.
g/
q/
jn/
^^
Includes exchanges of Series 1960 F and G bonds
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and
marketable bonds of 1971 and 4? marketable bonds
Represents changes in the amounts of redemptions
between matured and unmatured issues.
Less than $500,000.
for 3-7/8? marketable
G bonds for 3-7/8?
of 1980.
not yet classified
Treasury Bulletin
62
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May
through June 30, 1970.
\sy
1,
1^67
The notes were eligible for purchase
individuals with the simultaneous purchase of Series E
savings bonds.
demption
and information on investment yields of savings
notes appear in
the Treasury Bulletins of March 1967 and
June 1968; and in the Annual Report of the Secretary of the
Treasury for fiscal year
197,4.
The principal terms and conditions for purchase and re-
Table SN-1.
-
Sales and Redemptions by Periods
(In millions of dollars)
Redemptions
Period
Fiscal years
1967
1968
1969
1970
1971
1972
1973
:
197/i
1975
1976
Calendar years
1967
1968
1969
1970
1971
1972
1973
1974
1975
Months :
1975-July
Aug
Sept
Oct
Nov
Dec
1976^an
Feb
Mar
Apr
May
June
July
Sales 1/
1
Accrued
discount
Sales plus
accrued
discount
Sales
price
2/'
Accrued
discount
Amoxmt
outstanding
63
August 1976
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1.
-
Distribution of Federal Securities by Classes of Investors and Types of Issues
..
.
..
..
,
8
.
Treasury Bulletin
64
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
End of
month
1939-Dec . .
1946-Feb...
Dec .
.
1950^une..
Dec . .
1951-June..
Dec.
1952-June..
Dec...
195 3 -June.
Dec .
.
1954^une..
Total
privately
held
33.'i
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
Connner-
Individuals 2/
cial
banks
2/
Savings bonds
Total
Total
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
20.7
137.9
133.8
139.0
138.0
136.0
134.8
133.7
136.4
137.9
140.2
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
Series
E and H
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
Other
series 2/
Other
securities
Insurance
companies
Mutual
savings
banks
Corporations 4/
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
12.2
12.6
12.6
12.5
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
15.
15.
15.
14.
13.
13.
12.
.2.7
State
and
local
governments
Foreign
and international
i/
.4
.2
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
13.9
14.4
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
18.8
18.7
19.3
19.0
20
20
21
21
22
21
24
22.9
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
5.0
4.6
4.2
4.2
4.0
3.8
30.2
29.1
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
3.5
3.1
3.2
3.1
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
20.6
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
32.7
46.9
50.0
29.7
29.8
29.8
29.6
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
63.6
69.1
63.5
62.0
136.3
138.0
64.8
63
139,
65
65
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
141,
141,
138,
138,
132,
137,
152.5
66
64.9
64.4
63.7
66.3
69.4
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
151.4
148.0
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
156.9
159.8
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
48.8
.9
213 4
219 2
207 7
222 4
219 2
228 5
214.8
222.0
218.0
229.9
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
158.7
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
.7
Dec . .
1072-June..
Dec .
1973.^ une..
Dec...
1974-June..
Dec...
229.7
247.9
244.4
262.5
259.7
261.7
256.4
271.0
61.0
65.3
60.9
67.7
58.8
60.3
53.2
55.6
168.7
182.6
183.6
194.8
200.9
201.4
203.2
215.4
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
1975-Jan...
Feb...
Mar...
Apr . .
May..
June.
273.8
278.9
289.8
290.9
301.7
303.2
54.6
56.5
61.8
64.1
67.7
69.2
219.2
222.4
228.0
226.8
234.0
234.0
85.3
85.3
85.7
86.1
86.6
87.1
63.2
63.5
63.9
64.2
64.6
65.0
21.6
21.3
21.4
21.4
21.5
21.6
6.3
6.3
6.6
6.8
7.1
7.1
2.6
2.7
2.9
3.2
3.4
3.5
11.3
11.4
12.0
12.5
13.7
13.2
July..
Aug...
Sept..
Oct...
Nov .
Dec...
313.8
320.4
324.4
336.0
343.9
349.4
71.4
75.4
78.4
80.5
82.6
85.8
242.4
245.0
246.0
255.5
261.3
263.6
87.6
88.7
89.4
90.0
90.6
91.0
65.4
65.7
66.0
66.3
66.6
66.9
21.8
22.6
23.0
23.2
23.5
23.6
7.3
7.4
7.6
7.9
8.8
9.3
3.7
3.9
4.0
4.2
4.4
4.5
16.2
16.0
15.0
17.5
20.0
20.2
31.3
31.2
32.2
33.8
33.9
33.8
66.7
67.3
65.5
66.9
66.1
1976-1 an...
Feb...
Mar...
Apr.,
May p.
June p.
355.3
365.0
371.7
371.0
376.4
376.4
87.0
88.0
92.7
92.2
92.0
92.3
268.3
277.0
278.9
278.8
284.4
284.1
91.3
92.6
93.1
93.2
93.8
94.1
67.3
67.6
68.0
68.4
68.8
69.2
23.6
24.5
24.6
24.4
24.5
24.5
9.9
10.0
10.4
10.2
10.3
10.5
4.7
4.9
5.1
5.1
5.3
5.1
21.2
23.2
23.0
23.8
26.0
25.0
34.6
36.4
37.8
37.7
37.6
39.5
68.3
69.6
68.1
70.2
71.0
Dec.
.
1955^une..
Dec
.
.
1956^une..
Dec .
1957-June..
Dec
1958-June..
Dec .
.
.
.
.
1959-June .
Dec .
.
1960 -June..
Dec...
1961^une..
Dec
1962 -June..
Dec .
1963 -June..
.
.
.
Dec.
1964 -June.
Dec...
1965 -June..
Dec.
1966^une
Dec.
.
1967-June .
Dec
1968 -June..
Dec
1969 -June..
Dec . .
1970 -June..
Dec
.
.
.
.
.
.
.
.
1971^une..
.
.
145
1U.8
66
65
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
Office of Government Financing in the Office of the Secretary.
Source:
1/ United States savings bonds. Series A-F and J, are included at current
redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possessions.
Figxires exclude securities held in trust departments.
Includes partnerships and personal trust accounts.
Exclusive
of banks and insurance companies.
(J
Consists of the Investments of foreign balances and international
.5
.3
.3
.4
.5
.6
.7
6/
2/
12.5
U.7
30.0
30.5
55.3
60.2
55.5
57.7
58.4
61.5
64.6
65.0
64.9
66.8
66.0
66.5
60.
accounts in the United States. Beginning with July 197A the figures
exclude noninterest-bearing notes issued to the International Monetary Fund.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also Included are certain government deposit accounts and government -sponsored
agenc ies
Includes U.S. savings notes. Sales began May 1, 1967 and were discontinued after Jxine ^0, 1970.
Preliminary.
65
August 1976
TREASURY SURVEY OF OWNERSHIP. JUNE
The monthly Treasury Survey of Ownership covers securities
Issued by the United States Government, Federal agencies, Fed-
erally-sponsored agencies, and the District of Columbia.
30, 1976
tions in the September I960 Bulletin, and for State and local
governments in the February 1962 Bulletin.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions.
The similar proportion for corporations
and for savings and loan associations is 50 percent, and for
State and local governments, 40 percent.
Data were first pub-
lished for banks and insurance companies in the May
l^l
Treas-
ury Bulletin, for corporations and savings and loan associa-
Holdings by commercial banks distributed according ti
Federal Reserve member bank classes and nonmember banks
published for June 30 and December 31.
-
Holdings by corporate
pension trust funds are published quarterly, first appearing in
the March 1954 Bulletin.
Table TSO-1. -Summary of Federal Securities
(Par values
am
in millions of dollars)
Treasury Bulletin
66
.TREASURY SURVEY OF OWNERSHIP, JUNE
Table TSO-2.
-
30, 1976
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
August 1976
67
,
TREASURY SURVEY OF OWNERSHIP, JUNE
Table TSO-3.
-
30, 1976.
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
Treasury Bulletin
68
.TREASURY SURVEY OF OWNERSHIP. JUNE
Table TSO-4.
-
Securities Issued by
30, 1976
_«_
Government Agencies
August 1976
69
TREASURY SURVEY OF OWNERSHIP, JUNE
Table TSO-5.
-
30, 1976
Securities Issued by Government-Sponsored Agencies
and the District of Columbia
Treasury Bulletin
70
TREASURY SURVEY OF OWNERSHIP, JtTNE
Table TSO-5.
-
30, 1976,
Securities Issued by Government-Sponsored Agencies
and the District of Columbia— Continued
August 1976
71
TREASURY SURVEY OF OWNERSHIP, JUNE
Table TSO-5.
-
30, 1976,
Securities Issued by Government-Sponsored Agencies
and the District of Columbia— Continued
12
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP, JUNE
30. 1976,
Footnotes to Treasury Survey of Ownership Tables
Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9,
2/ Excludes trust departments.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
Consists of corporate pension trust funds and profit-sharing plans
which involve retirement benefits. The data are compiled from quarterly reports by bank trustees who report total number of funds
administered and Public Debt and Agency Securities held.
It is
estimated that these funds account for approximately 90 percent of
Federal Securities held by all corporate pension trust funds. Since
the data are not available each ncnth, the regular nonthly Survey
includes holdings by these funds under "Held by all other private
investors." The quarterly data are presented as supplemental
information in a memorandum column accompanying the Survey for each
reporting date, beginning with December 31, 1953.
^
y
.
§/
7/
V
2/
2/
10/
*
Data on holdings of nonmarketable public debt were no longer collected
beginning with July 197^ Treasury Survey of Ownership.
Includes Export-Import Bank and Government National l*)rteaee
Association participation certificates.
Includes matured securities outstanding on which Interest has ceased.
Direct Placements with State and Local Governments with various
interest rates and maturity dates.
Includes securities issued for use as collateral for short-term
borrowings.
Obligation of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan MDrtgage Corporation Is held
by the twelve Federal Home Loan Banks.
Less than $500,000.
73
August 1976
_TREASURY SURVEY COMMERCIAL BANK OWNERSHIP, JUNE
-
Commercial bank
The tables which follow report the security holdings of
those commercial banks included in the Treasury Survey of Own-
ership by type of bank and by type of security.
The figures in
19A.4.
30, 1976.
ownership was first published in the May
issue of the "Treasury Pjlletin" based on the Survey dat£
for December 31, 19/.3.
It has appeared at semiannual
or
the columnar headings indicate the number of reporting banks in
quarterly Intervals since that time and is now being published
each class.
for the June 30 and December 31 Survey dates.
Table TSC-1.
-
Summary
of Interest-Bearing Public Debt Securities
(Par values
-
in millions of dollars)
Treasury Bulletin
74
.TREASURY SURVEY
Table TSC-3.
-
-
COMMERCIAL BANK OWNERSHIP, JUNE
30, 1976
Interest-Bearing Marketable Public Debt Securities by Issue
{Par values - in millions of dollars)
.
August 1976
75
-TREASURY SURVEY
Table TSC-3.
-
-
COMMERCIAL BANK OWNERSHIP. JUNE
30, 1976
Interest-Bearing Marketable Public Debt Securities by Issue-Continued
(Par values
-
in inillions of dollars)
;
Treasury Bulletin
1(^
.TREASURY SURVEY
Table
-
COMMERCIAL BANK OWNERSHIP, JUNE
TSC-5.
-
30, 1976
^______^_^^_«_
Securities Issued by Government-Sponsored Agencies
and the District of Columbia
(Par values - in millions of dollars)
Federal Reserve member banks
Held by
5,518
commercial
banks l/
Banks for Cooperatives
Debentures:
July
6.25*
Aug.
5.35
Sept.
5.45
Oct.
5.80
Nov.
5.20
Dec.
5.80
Apr.
7.70
Oct.
8.55
Reserve oity
3,238
member
banks
12
153
New York
City
Chicago
3,064
country
other
:
1976
1976
1976
1976
1976
1976
1977
1978
1979
1986
Oct.
Jan.
8
7.75
58
70
23
88
11
55
1
1
44
60
57
49
67
43
5
29
17
48
36
7
15
40
24
26
41
16
21
900
Total
Farm Credit Banks
Discount Notes
135
109
111
124
87
99
84
37
33
22
23
24
2
36
14
198
314
:
59
Farmers Home Administration
Insured notes:
6-5/8
Aug.
Mar.
6.35
June
6.45
Aug.
6-7/8
Dec.
6.55
Mar.
7.20
May
7-1/4
July
7.35
Dec.
7.30
Jan.
8.90
7
Nov.
6.40
7-7/8
7.10
8-5/8
7-1/2
7-1/8
7-1/2
7-3/4
9
Mar.
June
Jan.
:
July
Aug.
Dec.
Mar.
Dec.
Apr.
1976
1977
1977
1977....
1977
1978
1978
1978
1978-CBO
1980
1980
1981
1981
1982
1985
1986
1987
1988
1988-CBO
1989-CBO
84
129
127
165
148
99
115
113
146
27
64
65
63
86
24
8
27
68
87
94
119
96
63
78
71
98
3
5
5
15
41
15
51
1
50
36
71
14
7
18
9
2
2
51
45
13
21
10
13
23
58
15
7
13
9
10
4
5
28
2
X
10
2
7
32
7.05
7.75
7.80
7.75
7.60
6.60
8.65
8-5/8
Feb.
Feb.
Oct.
Nov.
Feb.
Nov.
Nov.
Feb.
7.30
7-3/8
7-3/8
7.75
8.75
8.10
May
6
13
256
1,581
Total
Federal Home Loan Banks
Discount Notes
Bonds
Aug.
7.80)6
Aug.
9.55
Nov.
8.60
Nov.
9.55
Feb.
7.20
Feb.
8.05
May
6.95
May
8.70
7.15
Aug.
Aug.
8.80
Nov.
6.75
Nov.
7.45
Nov.
9.15
Feb.
7.25
Feb.
9-3/8
7.60
May
Nov.
9.10
8.65
Feb.
Feb.
9.45
May
8.65
8.75
May
Nov.
9.50
Nov.
7.50
8.15
Nov.
38
64
60
58
71
56
73
57
57
14
42
41
31
38
12
6
8
:
Nov.
Nov.
May
May
Nov.
FHLIC Mtg. Backed Bonds:
7.05*
Aug.
6.15
Feb.
Footnotes at end of table.
60
60
37
23
1976....
1976
1976
1976....
1977
1977
1977
1977
1977
1977
1977
1977
1977
1978
1978
la78
1978
1979
1979
1979
1979
1979
1979
1979
152
128
135
85
196
139
39
104
73
137
83
116
172
239
148
129
112
102
108
67
168
32
78
30
38
69
64
12
43
56
68
26
126
151
109
69
76
129
81
95
122
83
1980
1980
1980
1980
1981
1981
1981
1982
1983
1983
1983-93.
I984
I984
1985
99
49
39
115
75
62
37
71
82
81
33
21
75
36
31
74
50
41
37
41
34
51
74
58
27
17
1976
1977
144
77
109
47
U6
51
56
97
28
1
24
11
22
27
96
27
73
56
93
62
97
124
170
34
32
30
58
126
103
88
13
25
37
6
4
46
53
95
58
41
18
12
8
31
3
5
5
2
34
19
2
3
4
1
4
23
2
30
20
35
7
46
42
71
32
63
85
137
68
40
44
45
52
48
43
43
58
39
42
35
19
71
47
35
36
41
4
27
17
48
17
3
8
1
5
11
47
lA
46
33
77
August 1976
-TREASURY SURVEY
Table
TSC-5.
-
COMMERCIAL BANK OWNERSHIP. JUNE
30, 1976.
Agencies
- Securities Issued by Government-Sponsored
and the District of Columbia— Continued
Treasury Bulletin
78
COMMERCIAL BANK OWNERSHIP, JUNE
.TREASURY SURVEY
Table
TSC-5.
-
Securities Issued by
and the District of
30, 1976.
Government-Sponsored Agencies
Columbia— Continued
(Par values - in millions of dollars)
August 1976
7Q
TREASURY SURVEY
-
COMMERCIAL BANK OWNERSHIP, JUNE
30, 1976
Footnotes to Treasury Survey-Commercial Bank Tables
1/
2/
Includes trust companies and stock savings banks but excludes securities held in trust departments.
Data on holdings of nonmarketable public debt were no longer collected
beginning with July 1974 Treasury Survey of Ownership.
J/
»
Obligations of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks,
Less than $500,000.
Treasury Bulletin
80
.MARKET QUOTATIONS ON TREASURY SECURITIES, JULY
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
Securities
issued by Federal agencies and guaranteed by the United
States Government are excluded.
the last trading day of the month, as reported to the Treasury
by the Federal Reserve Bank of New York.
The securities
Table MQ-1.
Amount outstanding
(millions)
30, 1976
-
Treasury
Bills
August 1976
81
.MARKET QUOTATIONS ON TREASURY SECURITIES, JULY
Table MQ-2.
-
Treasury Notes-Continued
(Price decimals are 32d3)
30, 1976
Treasury Bulletin
82
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY
O
o
CO
C/)
y
o
IS
I- o
o
UJ
>
-°
w)
-2
^^
<(i)
U-l
C/5
Q
_i
UJ
™
in
30, 1976-
o
m
iri
-^
o
IT)
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...
83
August 1976
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Aa new
corporate
bonds 2/
Treasury
bonds 1/
S.
I.
A.
new Aa
Muiicipal
bonds 2/
Treasury
bonds 2/
Aa new
corporate
bonds 2/
S.
I.
A.
new Aa
municipal
bonds 2/
Aa new
corporate
bonds 2/
Treasury
bonds 1/
S.
I.
A.
new Afl
Oinicipal
bonds J/
S.
I.
A.
Treasury
bonds 1/
Aa new
corporate
bonds 2/
8.32
8.21
8.50
9.04
9.39
9.5^
5.19
5.25
5.42
5.61
5.39
5.92
6.75
6.55
6.64
6.33
5.33
6.86
new Aa
municipal
bonds 2/
Monthly series - averages of daily or weekly series
1965
Jan.
Feb.
Mar.
Apr.
Hay.,
June.
i.U
July,
Aug.
Sept,
Oct..
Nov..
Dec.
4.15
4.19
4.25
4.28
4.34
4.43
Jan.
Feb..
Mar..
Apr.
Hay..
Jime.
4.43
4.61
4.63
4.55
4.57
4.03
July.
Aug..
Sept.
Oct..
Nov..
4.75
4.80
4.79
4.70
4.74
4.65
^.16
4.15
4.15
4.14
4.14
5;./
5. IS
4.57
3.00
3.08
3.10
3.05
3.10
3.20
4.57
4.65
4.71
4.70
4.75
4.92
3.20
3.15
3.30
3.30
3.35
3.45
5.09
5.04
5.09
5.24
5.36
4.93
5.0Q
5.33
5.38
5.55
5.67
5.81
4.45
A. 45
4.49
4.48
4.52
6.57
5.57
6.30
5.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
5.92
5.84
5.71
5.75
5.96
5.94
5.40
5.10
5.00
5.11
5.30
5.89
6.56
5.54
5.81
7.04
7.09
7.02
4.45
4.20
4.30
4.30
4.50
4.53
5.91
5.78
5.56
5.46 A/
5.48
5.52
5.96
5.52
5.20
5.02
7.18
7.33 5/
7.30
7.22
5.93
5.77
10.13
10.30
10.44
?.66
6.91
6.54
6.69
6.88
7.00
7.28
3.65
3.63
3.65
3.45
3.60
3.70
5.74
5.86
6.05
5.84
5.85
6.05
7.29
7.33
7.76
7.54
7.52
8.04
4.75
4.80
5.10
5.13
5.20
5.60
5.62
5.57
5.56
5.74
5.64
5.59
4.99
5.05
5.29
5.30
5.58 i/
6.66
6.77
7.05
5.22
5.26
7.01i^/
9.17
3.84
9.43
9.31
9.76
9.27
5.50
6.30
5.69
6.85
6.96
6.59
3.80
4.10
3.93
3.85
3.90
3.80
6.07
6.02
5.32
5.27
6.52
5.81
8.05
8.05
8.36
8.46
8.94
5.60
5.90
6.05
5.90
6.05
5.55
5. 59
5.28
5.19
5.26
5.09
4.94
6.3°
9.56
9.71
9.39
9.54
9.43
9.59
6.70
6.88
6.91
6.79
6.67
6.62
5.96^
5.16
5.39
5.28
5.40
5.23
V
1966
Dec.
6.04
6.14
5.04
5.11
5.98
1959
1967
Jan.
Feb..
Mar..
Apr.
May..
June.
4.40
4.47
i.45
4.51
4.76
4.86
July.
Aug..
Sept.
Oct..
Nov..
4.86
4.95
4.99
Dec.
5.19
5.44
5.36
Treaeuiy
bonds 1/
l'37fa
9.22
1972
5.59
5.70
5.69
5.51
5.63
6.06
9.00
8.34
9.00
9.09
9.53
9.70
5.55
6.25
6.15
6.60
7.00
7.10
6.06
6.30
6.33
6.53
6.87
6.93
3.90
3.85
4.00
4.10
4.30
4.35
6.57
6.75
6.63
a. 09
5.5<5
9.U
6.24 5/
8.97
3.13
5.22
6.00
6.15
5.25
-6.05
S. I. A.
new Aa
municipal
bends 2/
q.03
a. 00
Treasuiy
bonds 1/
9.22
9.47
4.97
V
6.36
7.11^/
7.28
7.29
7.21
7.17
1976
6.86
6.44 5/
6.39
5.53
6.94
5.99
Aa new
corporate
bonds 2/
A/
10. 2Q
1975
1970
3.40
3.50
3.50
3.55
3.83
3.90
5.53
5.35
5.55
5.59
5.90
4.37
4.92
V
5.20
Aa new
corporate
bond 2/'
4.99
5.11
5.22
5.02
6.14
6.20
6.11
5.25
5.32
5.04
5.13
5.22
5.40
4.93
4.93
5.14
6.53
6.85A/
6.41
6.25
6.30
6.35
6.93
6. '''2
6.33
6.73
7.01
6.92
6.85
S. I. A.
new Aa
fflunic
ipal
bonds 2/
Treasury
bonds 1/
8.97
8.71
8.73
8.68
9.00
8.90
8.76
Aa new
corporate
bonds 2/
5.33
6.17
6.34
5.97
6.38
6.39
6.36
S.
I. A.
new Aa
munic ipal
bonds 3/
84
Treasury Bulletin
.AVERAGE YIELDS OF LONG-TERM BONDS.
.
.
August 1976
85
.INTERNATIONAL FINANCIAL STATISTICS.
all other foreigners, which are used in the United States
balance-of -payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Thc> tables In this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
A number of changes
were introduced in the May 1967 and July 177<^ issues of the
Bulletin to increase the usefulness of this section.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve position in the International Monetary Fund.
Table
IFS-6 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
Table IFS-1.
-
U.S. Reserve Assets
(In millions of dollars)
End of
calendar year
or month
11,618
11,599
11,599
11,599
11,599
11,599
2,329
2,321
2,301
2,365
2.336
U/
2
11/
11/
11/
11/
2,335 11/
28
247
11/
11/
11/
11/
11/
11,599
11,599
11,599
11,599
11,598
11,598
11,599
11,599
11,599
11,599
11,598
11,598
2,376
2,376
2,351
2,325
2,309
2,316
11/
June.
16,622
16,661
16,941
17,438
17,958
18,477
July.
18,246 11/
11 ,598
11,5°8
2,318 11/
16,084
16,117
16,291
16,568
16,592
16,226
Haiy..
2/
S/
5.;o
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964 2/
14,487
12,167 8/
13,151 5/
14,378 10/
15,883 11/
16,226 11/
Dec.
6/
,
21,50-i
197«v Jan.
Feb..
Mar..
Apr.
A/
^
11,618
11,599
11,599
11,599
11,599
11,599
1975 -July.
Aug..
Sept.
Oct..
Nov.
2/
Convertible
foreign
currencies
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367
10,732
10,132
10,410 2/
11,567 10/
11,652
11,599
22
a/
Treasury 2/
Special
drawing
rights 2/
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10 ,206
10,487 2/
11,652 10/
11,652
11,599
2^,832
1958
1959
1960
1961
1962
1963
196i
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1/
Gold stock 1/
Total
reserve
assets
11/
11/
11/
11/
11/
11/
n/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the International Jtonetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
Prior to December 1974, excludes gold held by the "Exchange Stabilization Fund. On December 9, 1974, the Treasury acquired all gold
held by the Exchange Stabilization Fund, See" Account of the U.S,
Treasury," Table UST-3,
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation
on January 1, 1972 of $710 million of special drawing rights (SDR)
in the Special Drawing Accoimt in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and Federal Reserve System,
The United States has the right to purchase foreign currencies equivalent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase additional amounts equal to the United States quota.
See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
became effective on February 23, 1966,
In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German mark in October 1969, of which $13 million represents gain on
German mark holdings at the time of revaluation. See also footnotes
3 and 4, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
^
10/
11/
851
1,100
1,958 5/
2,166 10/
2,374 11/
2.335 11/
U/
11/
11/
11/
11/
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
8
5
80
413
423
80
333
296
571
936
938
1,365
864
Reserve
position in
International
Monetary Fund 2/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863
326
420
1,290
6/
2,324
1,935
585
465 2/
552 10/
1,852 11/
2,212 11/
2,135
2,169
2,144
2,191
2,234
2,212
11/
11/
11/
11/
11/
11/
2,314
2,390
2,420
2,578
3,113
11/
13/
U/
11/
11/
3,198 11/
3,466 11/
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasuiy gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund,
Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar on October 18, 1973, cpnsisting of
$1,165 million total gold stock, $1,157 million Treasury gold stock,
$217 million special drawing rights, and $54 million reserve position
in the International Jfonetary Fund.
Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted-average of exchange rates for the currencies of
The United States SDR holdings and reserve
16 member countries.
position in the IMF are also valued on this basis beginning July
At valuation used prior to July 1974 (SDR 1=$1. 20635), the
1974,
following end-of-month values amounted to (in millions of dollars):
U.S. total
SDR holdings
U.S. reserve position
reser^s
(net)
in the IMF
1974-Eec
15,812
16,145
16,194
16,455
16,649
16,730
16,366
16,770
16,809
17,139
17,660
18,217
18,716
18,480
.
.
..,
86
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2.
-
U.S. Liabilities to Foreign Official Institutions
Liabilities to All Other Foreigners
and Liquid
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
Liquid
liabilities
to IMF
arising from
gold transactions 1/
End of
calendar
year or
month
Shortterm
liabilities
reported
by banks
in U.S.
Marketable U.S.
Treasury
bonds
and
notes
Liquid liabilities
to other foreigners
Nonmarketable U.S.
Treasury
bonds and
notes
^
^
Other
readily
marketable
liabilities
Liquid
liabilities
to
banks
Shortterm
liabilities
reported
by banks
in U.S.
Total
5/
1957
1958
1959
15,825
16,845
19,428
1960 12/....
200
200
500
n.a.
n.a.
10,120
7,917
8,665
9,154
n.a.
966
3,472
3,520
4,678
20,994
21,027
800
300
11,078
11,088
10,212
10,212
866
876
4,818
4,813
1961 10/
22,853
22,936
800
800
11,830
U,830
10,940
10,940
890
890
1962 10/
24,268
24,268
800
800
12,948
12,914
11,997
11,963
751
751
200
200
26,433
26,394
800
800
U,459
14,425
12,467
12,467
1,217
1,183
766
766
1964 10/
29,313
29,364
800
800
15,790
15,786
13,224
13,220
1,125
1,125
1,283
1,283
1965
29,568
834
15,825
13,066
1,105
1,534
120
7,419
31,144
,31,019
1,011
U,340
12,434
1,0U
14,895
53^^
3eo
860
583
583
913
913
10,116
9,936
1967 10/
35,819
35,667
1,033
1,033
18,201
18,194
.14,034
14,027
908
908
1,452
1,452
1,807
1,807
11,209
11,085
1968 10/
38,687
39,473
1,030
1,030
17,407
17,340
11,318
11,318
529
462
3,219
3,219
2,341
2,341
1,019
1,019
15,998
15,97511/ 11,054
11,077
346
346
566
566
23,736
23,775
19,333
19,333
5U
51,209
50,j51
61,526
'
1963 10/....
2/
^
'
1966 10/....
45,755
45,91A
1969 10/
"
1970 10/
47,009
46,060
1971 12/ 12/
67,681
67,808
1972
11/
544
82,861
1973
92,490
12/
^119, 240
1974 12/
I
1975
U9,169
126,ll4J»
1975- June...
Jul^...
Aug ...
Sept
Oct
Nov . . .
.
Dec
1976- Jan
Feb
Mar. ...
Apr . . ,
May p. ..
June p.
6/
2,252
2,430
2,940
541
764
1,047
1,190
2,773
2,780
2,230
2,230
543
550
1,525
1,541
5,404
5,484
2,871
2,873
2,355
2,357
516
516
1,948
1,949
5,346
5,346
3,013
3,013
2,565
2,565
448
448
2,161
2,195
9
9
5,817
5,817
3,397
3,387
3,046
3,046
351
341
1,960
1,965
158
158
7,271
7,303
3,730
3,753
3,354
3,377
376
376
1,722
1,722
4,059
3,587
472
1,431
4,2-1
4,272
3,743
3,744
528
528
906
905
4,685
4,678
4,127
4,120
558
558
691
677
14,472
14,472
5,053
4,909
4,444
4,444
609
465
725
722
3,070 li? 1,505
3,070
1,505
23,638
23,645
4,464
4,589
3,939
4,064
525
525
650
663
306
295
3,452
3,452
695
695
17,137
17,169
4,676
4,604
4,029
4,039
61>T
565
844
846
39,679
39,018
1,955
1,955
9,1.31
9,534
144
144
10,262
10,949
4,138
4,141
3,691
3,694
447
447
1,528
1,523
40,000
5,236
15,747
543
14,666
5,043
4,618
425
1,626
66,86112/ 43,923
5,701
15,564. i2/ 1,673
17,694
5,932
5,502
430
2,003
76,801
76,823
53,057
53,079
5,059
5,059
16,339
16,339
2,346
2,346
30,314
30,112
8,803
8,912
8,305
8,414
498
498
3,322
3,322
''9,170
6,598
.19,976
4,518
10,765
5,628
12,
80,262
29,489
10,036
729
81,109
52,1481
6,139
19,169
3,653
27,988
9,310
8',656
654
4,002
123,313
124,806
123,688
123,74?
126,880
126,144
80,346
79,812
78,459
80,305
79,843
80,262
50,552
50,051
48,292
49,754
49,313
49,170
6,180
6,296
6,472
6,644
6,474
6,598
19,616
19,466
19,666
19,666
19,726
19,976
3,998
3,999
4,029
4,241
4,330
4,518
29,035
30,436
30,355
28,495
32,271
29,489
9,335
9,668
9,901
10,020
10,221
10,765
8,625
8,997
9,200
9,282
9,5l4
10,036
710
671
701
738
707
729
4,597
4,890
4,972
4,927
4,545
5,628
127,868r
131,114r
129,444r
136,720
139,062
135,662
80,836r
81,535r
82,273r
84,165
85,590
85,290
49,147
49,659
49,632
50,534
51,577
6,840r
7,016r
7,747r
8,177
8,470
9,187
20,051
20,051
20,051
20,151
4,798
4.809
4,843
5,304
5,392
5,658
30,993 10,509r
33,197 i.o,823r
30,527 10,9t5r
35,305 JU,574
36,485 U.,327
32,988
LI, 468
9,774
10,078
735r
745r
800r
5,530
5,559
5,729r
5,674
5,660
5,916
122,409
I
50,1941
20,1.51
20,251
iL.
1/
2/7/
2.3':'9
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics follcwing in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments hy
foreign official reserve agencies in debt securities of U.S. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable, noninteresVbearing
special U.S. notes held by other international and regional organizations.
Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign pui^
chases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds d'.aitin^
investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-.eaming
assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; breakdown of transactions by type of holder estimated 1960-1963.
E;:cludes notes issued to foreign official nonreserve agencies.
Includes long-term liabilites reported by banks in the United
States and debt securities of U.S. Federally-sponsored agencies
and U.S. corporations.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners."
Note:
Marketable U.S
Oov't.
bonds
and notes
Liquid
liabilities
to nonmonetary international and regional organizations
8/
10,757
10,557
"'"1
817
770
815
i
2/
8/
9/
10/
11/
12/
12/
n.a.
P
Includes marketable U.S. Government bonds and notes held by forei^-i
banks
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Includes total foreign holdings of U.S. Govemnent bonds and notes,
for which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December
31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarke'l^
able U.S. Treasury bonds and notes, $103 million.
Includes $162 million increase in dollar value oi foreign currency
liabilities to official institutions of foreign countries revalued tc
reflect market exchange rates, as follows: shorVterm liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
Not available.
r
Revised.
Preliminary.
-
,.
.
August 1976
87
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3.
-
U.S. Liabilities to Official
Institutions of Foreign Countries, by Area
(In millions of dollars)
Total
foreign
countries
calendar year
or month
Western
Europe
1/
Canada
Latin
American
Republics
Other
countries
2/
1963
U,425
8,503
1,789
1,058
2,740
154
176
1964
15,786
9,325
1,812
1,283
3,028
160
178
K65
15,325
3,826
1,702
1,550
3,309
194
245
1966 2/
14,840
14,395
7,771
7,771
1,333
1,333
1,310
1,310
3,900
3,955
278
278
248
248
1967
18,194
10,321
1,310
1,582
4,428
17,407
8,070
8,062
1,867
1,366
1,865
1,365
5,043
4,997
259
248
3C3
302
1,624
1,624
2,951
2,951
3,980
3,980
1,888
1,911
1,631
1,681
4,552
4,552
291
291
4,713
4,708
546
546
407
407
414
413
1,414
1,429
14,519
13,823
m
871
370
4,279
1,733
17,577
111
2,963
3,853
2,544
10,887
788
3,025
1968 2/
.
17, 340
_
15,975
15,998
V
V
1970 i/
23,786
251775
7,074
7,074
13,620
13,615
1971 1/ I/..
51,209
50,651
30,010
30,134
1972
61,526
1973
66,861
1969 2/
'
1974
2./
1975
V
V
34,197
o/
45,76a
6/
76,801
76,823
44,326
44,328
3,662
3,662
4,419
4,419
18,604
18,626
3,161
3,161
2,627
2,627
80,262
'.5,312
3,132
4,448
22.491
2,983
1,896
3,300
1975-June...
81,109
45,532
3,008
4,723
20,776
July...
80,346
79,812
78,459
80,305
79,843
80,262
44,464
44,216
43,543
45,023
44,763
45,312
2,966
2,929
3,011
3,044
3,218
3,132
4,765
4,922
4,840
4,254
4,056
21,700
21,379
21,153
22,391
22,241
22,491
80,S36r
81,535r
82,273r
84,166
45,406
44,762
43 567r
43,570
3,420
3,654
3,673
3,600
3,552
3,377
3,778
3,849
23,749r
24,990r
85,590
85,290
43,236
42,314
3,590
3,578
3,827
4,303
30,019
29,871
Aug
Sept. .
Oct....
Nov. . .
Dec
1976- Jan
Feb
Mar
Apr.
..
May
p.,
June p
303
,
4,448
26,6291-
28,566
Treasury Bulletin
88
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-4.
-
Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
,
...
.
.
August 1976
89
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5.
-
U.S. Position in the International
Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
19-4(^58.
1959....
1960
1961
1962
1963....
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
Payments
of
subscription in
dollars
Net
gold
sales
by IMF
1/
Transactions
in
IMF net
income
foreign
currencies 2/
2,063
1,031
Purchases
of
dollars 2/
-47
2
11
16
17
16
525
435
680
-84
1,155
541 2/
754 2/
22
712 6/
150
,362
200
-133
18
12
15
20
20
19
25
-28
-47
-33
-59
-219
-2,922
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
Dec
-6
-69
-5
792
1,336
442
-135
5
626
29
266
165
1,313
268
741
40
-870
-1,034
1,929
1,350
694
721
-1,265
195
-466
19
13
2
-36
-41
-17
-7
-72
27
22
-116
14
Feb..
-5
-87
11
-106
-76
Mai-..
-4
-87
37
-54
Apr.
May..
June.
-7
-127
-232
-42q
70
-15
-140
74
-556
-72
-280
20
-265
1976- Jan.
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, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars,
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only to the extent that the Fund's holdings of dollars exceed
75 percent of the U.S. quota.
Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
Beginning January 1970, includes dollars obtained by countries other
.2/
than the United States from sales of gold to the Fund.
4/ Represents the United States gold tranche position in the Fund (the
.United States quota minus Fund's holdings of dollars), which is
the amount that the United States could purchase in foreign
currencies automatically if needed. Under appropriate conditions,
the United States could purchase additional amounts equal to the
United States quota.
Note:
Total
change
-94
-33
-1
-25
-1
-5
-6
Repurchases
1,098
442
580
521
719
207
-1,073
-442
1975- Juiy.
Aug..
Sept.
Oct..
Nov.
IMF holdings
of dollars at
end of period
5/
-169
U.S.
U.S.
reserve
position
in IMF
at end of
period
quota
4/
Percent
of
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,810
7,531
6,265
5,800
5,915
5,874
5,857
5,850
5,778
5,800
29
52
62
59
74
91
94
93
78
72
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
420
1,290
2,324
1,935
585
465
552
1,85?
2,212
73
73
73
72
71
72
2,135
2,169
2,144
2,191
2,234
2,212
70
2,314
2,390
2,420
2,578
3,113
75
81
85
94
92
75
55
71
8/
8/
8/
8/
1/
8/
5,693 8/
5,617 £/
5,562 8/
5,393 8/
4,836 8/
lt,76U 8/
4,500 8/
69
69
67
60
59
3,198
56
3.466
Includes $259 million gold subscription to the Fund in June 1965 for
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.
Includes $30 million of special drawing rights.
Represents amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
Payable to
the U.S.
the IMF
a U.S.
.
6/
2/
8/
1975- July.
Aug..
Sept.
224
19
111
Oct..
Nov.
71
Dec.
2
1976-Jan.
Feb..
Mar..
Apr.
May..
Jxine.
July.
Less than $500,000.
104
58
26
31
Treasury Bulletin
90
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.
-
Weighted-Average of Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
End of calendar
year or month
August 1976
91
-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 IOO33 of February 8, 19'+9, and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin." Reports are filed with the Federal Reserve Bajiks by banks, securities brokers and dealers,
and nonbajiking concerns in the United States. These statistics are then consolidated, and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times.
The
most recent general revision of the report forms became effective with reports as of May 3I, I963.
1/
The present form of the published presentation of the
'"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevajit to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability' and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled abroad, ajid the foreign branches, 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. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign country or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions.
For a
.number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets.
Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the liability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign official institutions are reported opposite the country to which
the official institution belongs.
Data pertaining to international and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less.
"Longterm" refers to obligations having an original maturity of
more than one year, and includes securities having no contractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, including the bremches, agencies, subsidiaries, and other afInstitutions
filiates in the United States of foreign firms.
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, including the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories.
Twice a year they also report their shortterm dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, nonbanking concerns report monthly their transactions in securities with foreigners; the applicable exemption level is
$100,000.
,
Quarterly reports are filed by exporters, importers, industrial and conmercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
Such firms
their liabilities or claims are $500,000 or more.
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level applicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statistical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term and long-term liabilities
to foreigners reported by bajiks in the United States.
The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund.
(Liabilities representing the "gold
investment" of the P\md, however, are included. ) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-beeiring special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by bemks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible foreign currencies held by U.S. monetary authorities.
Sections III
and IV show respectively the liabilities
\
,
j
.
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
to, and claims on, foreigners reported by exporters, importers, industrial and commercial firms, financial institutions
other than banks tmd brokers, and other nonbanking concerns
The data exclude the intercompany acin the United States.
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for(Such transactions are reported by
eign parent companies.
business firms to the Depaxtment of Conmerce on its direct
investment forms ) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking concerns in the United States.
.
Section V contains data on transactions in ».n types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasiiry notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statistics" section. Table IFS-U).
The data cover new issues of
securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers
The data include some
transactions which are classified as direct investments in
the balance of payments accounts.
The data exclude securities issued abroad by foreign subsidiaries of U.S. corporations, some of which are treated -in the balance of payments
as Issues of U.S. corporations.
.
1/
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers artd- sellers of the securities; in the case of outstanding issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States , in accounts of foreigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover an
types of reported capital movements between the United States
and foreign countries. The principal exclusions are
the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiaries abroad or with their foreign parent companies, and capital
transactions of the United States Ctoverranent. Consolidated
data on all types of capital transactions are published by
the Department of Conmerce in its regular reports on the
United States balance of payments
Copies of the reporting forms and instructions may be obtained from the Office of Statistical ReportSj Office of the AssistEint Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
........
93
August 1976
.CAPITAL
Section
I
-
Table
Liabilities to Foreigners
CM-M.
-
Short-Term
MOVEMENTS,
Reported by Banks
Liabilities by
Type
in the
United States
of Foreign Holder
(In millions of dollars)
International and regional
Foreign countries
Official institutions 1/
Total
shortterm
liabilities
End of
calendar year
or month
Payable
dollars
Banks and other foreigners
Payable in dollars
Payable
in
foreign
currencies
Other
foreigners
1957
13,641
7,917
7,917
5,724
3,413
1958
14,615
8,665
8,665
5,950
3,460
1959
16,231
9,154
9,154
7,076
4,601
1960
17,260
10,212
10,212
7,047
4,705
1961 5/.
18,699
18,781
10; 940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
19,908
19,874
11,997
11,963
11,049
11,915
48
48
7,911
7,911
5,251
5,251
12,467
12,437
30
23,84^
23,900
13,224
13,220
13,224
13,220
1962
.
.
v....
1953
1964 5/'....
/25,A67
\
1966
v....
1967 S/.
. .
C21,121,
1968
1969 1/
V
11,006
7,350
12,484
12,539
11,968
12,022
517
517
13,859
13,680
10,023
9,864
30,505
29,370
29,232
14,034
14,027
13,882
13,876
152
152
15,337
15,205
11,132
11,008
31,717
30,234
11,318
10,855
463
18,916
14,298
fi.O,OiO
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,165
21,207
16,917
16,949
53,632
53,661
39,679
39,018 6/
39,521
38,854 6/
158
155 7/
13,954
14,643 6/
10,034
10,721 5/
\
27,599
f30, 651
U0,199
41, 719
1970 S/
l':,066
5,713
7,153
7,213
26,343
26,219
\
1971
25,518
25,551
1965
8,863
10,625
10,680
41,761
55,404
• •
i55,428
1972
60,697
59,284
40,000
39,829
171
19,284
14,340
1973
69,074
67,119
43,923
43,7Q6
127 8/
23,196
17,224
197A
r94,847
\94,777
91,676
91,606
53,057
53,079
52,930
38^619
52,952
127 8/
127 8/
1975
93,987
88,694
49,170
49,170
1975-June..
92,688
88,745
52,101
52,101.
July..
Aug . .
Sept .
Oct...
Nov ,
Dec...
92,657
94,283
92,694
92,114
95,569
93,987
88,212
89,484
87,793
87,532
91,098
88,694
50,552
50,051
48,236
49,754
49,313
49,170
50,552
50,051
48,236
49,754
49,313
49,170
1976- Jan...
94,841
97,454
95,043
102,116
104,131
99,170
89,908
92,933
90,274
49,147
49,659
49,632
49,147
49,659
49,532
96,598
98,619
93,835
50,534
51,577
50,194
50,534
51,577
50,194
^....
.
Feb .
Mar..
.
Apr
.
,
May. p.
June p.
Payable
foreign
currencies
Total
IMF
gold
investment 2/
Nonmonetary
international and
regional
y
.
,
Treasury Bulletin
94
.CAPITAL
Section
I
-
MOVEMENTS.
Reported by Banks in the United States
by Type of Liability
Foreign Countries
Liabilities to Foreigners
Table CM-I-2.
-
Short-Term
A
Part
-
Liabilities
(In millions of dollars)
Banks and other foreigners
Official institutions 1/
Payable in dollars
Payable in dollars
Payable
Total
foreign
countries
End of
calendar
year
or month
Deposits
Time
2/
Tijne
Demand
Other
Treasury shortbills and term
certifi- liabilities 2/
cates
U.S.
Deposits
2/
Demand
Time
Treasury
bills and
certifi-
2/
cates
in
foreign
currenc ies
4,246
612
2,737
158
518
1, ,766
278
209
59
3,511
4,392
762
3,017
131
312
1 ,951
306
174
59
2,834
5,738
582
3,369
492
740
1^ ,833
295
270
77
3,038
6,193
982
4,210
76
419
1 ,849
148
233
113
3,389
3,389
6,412
6,412
1,092
1,092
46
46
4,854
4,917
43
43
402
420
1 ,976
1 ,977
149
149
230
230
104
104
3,261
3,234
7,759
7,759
928
922
48
48
4,678
4,678
e;
83
400
490
2 ,096
2 ,096
116
116
352
352
95
95
30
1,402
2,451
7,548
1,036
1,591
1,591
2,820
2,816
7,554
7,554
1,259
1,259
1,535
2,862
7,186
1,483
1,679
1,679
2,612
2,668
6,316
6,316
1,361
1,360
517
517
2,054
2,054
2,462
2,458
7,985
7,985
1,380
1,378
152
152
4,102
838
704
1,493
966
119
469
104
5,006
9,027
967
Q67
142
142
1,039
1,077
1,523
1,531
1,257
1,271
72
72
502
503
118
90
4,941
900
113
1,406
1,574
1,594
87
332
59
6,795
6,636
1,249
1,243
137
137
1,842-
1,848
1,513
1,513
1,819
1,819
83
83
329
329
93
72
7,933
7,763
1,142
1,142
129
129
1,927
1,973
1,693
1,693
2,052
2,054
81
81
302
292
77
77
1,899
5,486
1,321
463
10,374
1,273
30
2,621
1,797
2,199
362
173
2,951
2,942
3,844
3,844
2,139
2,158
202
202
16,745
16,756
1,988
1,999
20
20
4,658
4,644
1,709
1,711
1,811
1,935
107
107
312
312
226
226
r40,A99
1,652
1,652
2,554
2,554
13,367
13,367
1,612
1,612
148
148
12,376
12,385
1,326
1,354
U
3,202
3,197
1,688
1,688
1,886
1,895
131
131
325
325
220
220
1,620
32,311
2,504
1,327 4/ 2,039 4' 32,311
3,086
3,177
158
165 5/
7,047
3,399
2,130
6,995 ij
1,660
1,660
1,663
1,666
96
96
274
271
228
228
I
53,632
53,661
:
1975
U
14
850
320 i^
1,591
2,880
31,453
3,905
171
4,658
405
5
9,272
1,955
2,116
65
481
325
2,125
3,911
31,511
6,248
127 6/
6,941
529
11
9,743
2,143
2,359
68
933
469
2,951
2,951
4,257
4,167
34,656
34,656
11,066
11,178
127
127
8,248
8,231
1,942
1,910
232
232
19,254
19,101
2,729
2,729
3,796
3,744
277
277
1,502
1,664
639
639
2,644
3,423
34,175
8,928
7,553
1,992
335
19,058
3,248
4,835
349
1,605
549
13,409
2,357
4,194
175
1,430
584
2,694
2,705
2,881
2,769
2,839
3,248
4,243
4,520
4,501
4,639
4,797
4,835
152
230
272
276
311
349
1,531
1,542
1,547
1,549
1,568
1,605
560
562
554
2,900
3,111
3,034
3,439
3,219
3,126
5,062
5,116
5,261
5,406
5,427
5,538
239
320
282
361
372
1,523
1,532
1,538
1,551
600
642
1,538
1,653
727
2,564
4,274
36,994
8,269
7,066
1,830
99
July..
Aug...
Sept..
Oct...
Nov. .
Dec...
88,212
89,484
87,793
87,532
91,098
88,694
2,492
2,493
2,452
2,448
2,242
2,644
4,098
4,134
3,886
3,933
3,579
3,423
35,803
35,055
33,284
34,954
35,246
34,175
8,159
8,369
8,614
3,419
8,246
8,928
6,877
6,903
7,962
6,782
7,584
7,553
1,619
1,623
1,656
1,556
1,544
1,992
91r
89
89
92
135
335
19,388
21,260
20,095
19,430
22,371
19,058
1976-Jan. .
Feb...
Mar...
Apr..
May. p
June pi
89,908
92,933
90,274
96,598
98,619
93,835
2,449
2,703
2,680
2,782
2,799
2,632
3,291
2,908
2,767
2,319
2,371
2,417
35,633
36,623
34,983
36,196
36,859
35,531
7,774
7,420
9,202
9,237
9,547
9,615
6,828
7,418
7,246
7,883
7,737
8,119
2,098
2,086
2,318
2,367
2,101
1.889
369
275
217
134
151
154
21,092
22,775
20,181
24,160
25,769
22,140
19P5-June..
4/
Payable
Other
shortterm
liabilities 2/
1,918
1,930
I
2/
U.S.
Deposits
2,149
iJ.-\
1974 J/
Other foreigners
38,631
38,786
Uo,5Al
y
foreign
currencies
3,059
18,699
18,781
1971
Other
Treasury shortbills and term
certifi- liabilicates
ties 2/
U.S.
in
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figiires on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
5/
6/
p
336
635
637
549
565
763
deposits are included in "Other short-term liabilities"; certain
accounts previously classified as "official institutions" are included
with "banks"; and a number of reporting banks are included in the
series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971,
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
Preliminary,
,
..
.
95
August 1976
.CAPITAL MOVEMENTS.
Section
-
I
by Banks in the United States
Short-Term Liabilities by Type of Liability-Continued
Part B - International and Regional Organizations
Liabilities to Foreigners Reported
Table CM-I-2.
-
(In millions of dollars)
Nonmonetaiy international and regional organizations 2/
End of
calendar year
or month
Total
international
and regional
IMF gold
investment:
U.S. Treasury
bills and
Deposits
certificates 1/
Time ^Z
U.S. Treasury
bills and
certificates
Other
short-term
liabilities 2/
1957
742
200
50
490
1958
752
200
209
343
1959
1,031
500
76
449
1%0
1,442
691 i/
219
532
1961
1,317
613
V
354
294
55
1962
2,050
2,084
800
800
540
568
572
572
138
145
138
5/
(
V
1,547
739
70
384
215
1964
1,618
800
66
207
231
314
1965
1,479
800
42
200
170
266
1966
1,381
800
56
139
212
173
1967 5/....
1,287
1,273
800
800
67
67
124
120
178
178
118
107
1,483
800
68
113
394
108
1,413
800
62
83
244
224
1970
1,221
400
69
159
211
381
1971 5/
1,772
1,767
400
400
73
73
192
192
211
211
896
892
1972
1,413
86
202
326
800
1973
1,955
101
83
296
1,474
1963
(
1968
1969
i/
...
3,171
139
111
497
2,424
-3,171
139
497
5,293
3,943
139
106
111
186
2,424
2,413 1/
July..
Aug...
Sept .
Oct...
Nov .
tec...
4,444
4,804
4,901
4,583
4,471
5,293
146
110
107
132
145
139
1976-Jan...
-4,933
197i'_5/....
1975
1975- June
.
.
Feb
.
.
Mar...
Apr. ,
May. p.
June p
1/
2/
2/
114
118
130
140
91
258
4,520
4,769
5,519
5,512
5,335
Short-term U.S. Govemment obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund
to the United States to acquire income-earning assets. Upon termination of investment, the same quantity of gold was reacquired by the
International Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for International Settlements and European Fund. Includes difference between
cost value and face value of securities in IMF gold investment
account ($14 million at end 1971).
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
^
5/
^
—Yy
3/
»
2,551*
133
996
2,708
134
148
127
150
156
2,518
3,156
3,008
2,397
1,605
2,554
1,646
1,389
1,659
1,903
2,562
186
217
162
192
193
185
160
2,498
2,435
2,495
2,739
2,876
2,236
2.413
6/
2,104 6/
1,805 7/
1,952 8/
2,447 8/
2,361 8/
2,681 8/
In addition, IMF gold investment included investments in U.S. Government bonds and notes which amounted to $109 million at end 1960,
$187 million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date
Includes $8 million of short-term liabilities payable in foreign
currencies.
Includes $12 million of short-term liabilities pa^^able in foreign
currencies
Includes $5 million of short-tenn liabilities payable in foreign
currencies ,
Preliminary.
Less than $500,000.
p
.
.
.
96
Treasury Bulletin
.CAPITAL
Section
I
-
Liabilities to Foreigners
Table CM-I-3.
-
MOVEMENTS.
Reported by Banks
in the
United States
Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe
Austria
Apr,
197-; 1/
1973
:
1,^83
659
165
3,^83
13,227
389
.
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Swit2erland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
i,<;o<4
2,886
Q65
534
305
1,885
3,377
98
6,148
86
3,352
2,506
369
266
4,237
9,420
248
2,617
3,234
1,040
310
382
1,138
9,986
152
7,559
183
4,073
2,506
369
266
4,287
9,429
248
2,617
3,234
1,040
310
382
1,138
10,138
152
7,584
183
4,073
22
110
82
82
206
206
48.668
3.517
48.853
3,627
924
852
860
158
247
886
1,448
1,034
276
305
886
1,054
1,034
276
306
Total Europe.
Canada
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
607
161
Belgiuin-L\ixembourg.
Denntark
3
,520
:
7
7
7
1,296
282
1,770
483
272
147
3,413
1,316
158
1,770
510
272
165
3,413
1,316
158
135
120
Urxiguay
Venezuela
Other Latin American Republics.
Netherlands Antilles 2/
Other Latin America
1,468
884
359
519
589
Total Latin America.
7,664
12,038
11,755
38
757
372
50
818
530
261
1,221
386
10,897
384
747
333
818
530
261
1,221
389
10,897
384
747
333
1,202
4,633
813
5,446
4,623
845
5,468
10, 33^
21,073
21,0^7
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
71
:
85
133
327
6,967
Israel
Japan
Korea
Philippines
Thailand
195
515
247
Other Asia:
Middle East c: -exporting
countries J/
Other countries.
Total other Asia
Total Asia.
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
Oil-exporting coxmtries ij
Other countries
Total other Africa
648
554
50
:
35
11
103-
38
103
38
114
130
84
130
84
521
287
2,814
383
3,197
2,814
3,551
3
:
Total Africa.
Other countries
Australia
All other
:
3,131
Total other countries
Total foreign countries
International and regional
International
European regional
Latin American regional
Asian regional
African regional
89
3,190
2,831
67,119
91,676
1,627
272
2,900
25
202
50
43
1,955
3,171
69,074
94,847
.-
Total international and regional
Grand total
2,742
59
7
1_
383
3,197
May. p
August 1976
97
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of June 30, 1976
Preliminary
(Position in millions of dollars)
Treasury Bulletin
98
.CAPITAL
Section
Table CM-I-5.
-
I
-
Liabilities to Foreigners
MOVEMENTS.
Reported by Banks
in the
United States
Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
..
.
,
August 1976
99
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities to Foreigners
Table CM-I-6.
-
Reported by Banks in the United States
Liabilities by Type
Long-Term
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
liabilities
foreign coxintries
Total
1957
1958
1959
1960
1961
1962
•!/
Official
institutions
International
Banks
Other
foreigners
n.a.
n.a.
1,494
28
204
203
988
n.a
n.a
n.a
n.a
n.a
n.a
n.a
913
50
106
311
506
1967 2/...
2,546
2,560
1,858
1,863
1,807
1,807
15
15
35
40
689
698
1968
1969
1970
1971
3,166
2,490
1,703
902
2,389
1,600
913
437
2,341
1,505
8
55
165
237
40
40
695
144
1,000
1,018
417
417
93
93
1,462
1,285
700
464
310
124
1,757
1,340
1
7
2
7
69
1963
310
196^
1965
1966
513
1972 2/.
.
1973
1974
1975
1
7
2
7
951
n.a
n.a.
n.a
n.a
n.a
n.a
n.a
n.a
n.a
and regional
42
1
56
1
20
238
238
87
87
562
580
21
21
291
261
289
100
79
100
761
822
415
1,530
1,018
701
247
70
512
July..
Aug . .
Sept
OBt...
Nov ...
1,18C
1,195
1,193
1,192
1,238
1,340
861
871
373
868
894
951
242
243
241
241
261
289
77
81
Dec
1,613
1,566
1,588
1,505
1,536
1,757
83
100.
432
372
395
311
297
415
1976-Jaii
Feb
1,875
1,859
1^567
1.571
1,042
1,065
402
398
107
Mar
2,062
2,087
2,134
2,255
1,904
1,888
1,997
2,065
1,091
1,372
1,429
1,490
4^
Apr.
May
.
p.
June p
1/
2/
Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
789
446
53
1975 -Jvme..
.
Payable in
f ore ign
currencies
385
431
431
79
83'
123
371
131
137
143
306
286
157
197
135
189
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
.a. Not available.
p Preliminary.
100
Treasury Bulletin
.CAPITAL
Section
I
-
MOVEMENTS.
Liabilities to Foreigners Reported
Table CM-I-7.
-
Long-Term
by Banks in the United States
Liabilities
by Country
(Poeition at end of period in millions of dollars)
1/
2/
2/
Through Dscember 31, 1972, Bermuda included with Bahamas.
Through Itecember 31, 1975, Surinam included with Netherlands Antilles
Includes Bahrain, Iran, Iraq, Kuwait, Qnan, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
^
p
Includes Algeria, Gabon, Libya, and Nigeria,
Less than 1500,000.
Preliminary.
August 1976
101
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-1.
-
Short-Term Claims by Type
(In millions of dollars)
2/
Data on the two lines shewn for this date d-ffer because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banlcs on their foreign branches and those claims
of U.S. agencies and branches of foreign banks on their head offic
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a number of reporting
banks are included in the series for the first time.
E*reliminary.
.
102
Treasury Bulletin
-CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-2.
-
in the
United States
Short-Term Claims by Country
(Position at end of period in millions of dollars)
Country
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 Exirope
:
-.
Canadq
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
^
_
Uruguay,
Venezuela
Other Latin American Republics
Netherlands Antilles 3/
~
Other Latin America
Asia
:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
1/
Data in the two columns shown for
this date differ because of chanees
''^"""^
^^^^ ^^^^ ^°l-- --- comparabirfn
ToZlfJlf^.r"'^:coverage to those shown for the
preceding date; figures in the second
column are comparable to those shown
for the following date
}''''^' ^^""^^^ ^^1"^^^ with Bah^as
n'^'^^K"" ^^'
Throuih December
31, 1975, Surinam included with Netherl^ds
Antilles
^
V ^.7t
1/
A/
P
Includes Bahrain, Iran, Iraq, Kuwait, Oman,
Qatar ' Saudi Arabia, and
United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
August 1976
103
.CAPITAL MOVEMENTS,
Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of June 30, 1976
Preliminary
Section
II
-
.
Treasury Bulletin
104
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-llA. - Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
long-term
claims
Loans
Official
institutions
1957.
1958.
1959.
1960.
1961.
1962.
1,174
1,362
1,545
1,698
2,034
2,160
n.a
n.a
n.a
n.a
19634fay 1/.
2,293
2,379
2,293
2,379
2,260
2,346
1963 1/
2,837
3,030
2,834
3,028
196^ I/.
3,971
4,285
4,517
4,180
3,925
3,567
3,250
Other
foreigners
n.a.
n.a,
n.a,
n.a.
Other
long-term
claims
Payable in
foreign
currencies
n.a,
n.a.
n.a,
n,a,
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
273
273
1,328
1,342
33
33
2,781
2,811
725
728
397
397
1,659
1,685
217
3,971
4,283
3,777
3,995
703
716
701
729
2,372
2,550
195
288
4,211
3,915
3,635
3,158
2,806
2,698
3,345
793
702
628
512
323
237
209
236
2,790
2,702
2,642
2,393
2,096
1,958
2,455
297
247
274
3,075
3,667
4,508
4,162
3,909
3,552
3,232
3,050
3,645
300
9
18
15
16
18
25
22
4,954
5,063
4,914
5,023
4,539
4,588
833
844
430
430
3,276
375
435
40
40
5,996
7,179
9,530
5,924
7,099
9,413
5,446
6,491
8,479
1,160
1,328
1,375
591
931
3,694
4,233
1,692
5,a2
478
609
934
72
80
116
1975 -June.
8,000
7,908
7,189
1,266
1,211
4,712
719
92
July.
Aug..
Sept.
Oct..
Nov..
8,291
8,307
8,587
8,928
9,138
9,530
8,201
8,223
8,494
8,814
9,020
9,413
7,409
7,435
7,685
7,974
8,117
8,479
1,282
1,278
1,343
1,281
1,318
1,375
1,285
1,323
1,352
1,516
1,547
1,692
4,842
4,834
4,991
5,177
5,253
5,412
792
787
809
840
903
934
90
9,412
9,511
9,800
9,980
10,252
10,126
9,295
9,364
9,652
9,864
10,137
10,004
8,349
8,352
8,641
8,783
9,004
8,842
1,293
1,265
1,316
1,337
1,381
1,633
1,635
1,740
1,842
1,933
1,944
5,423
5,452
5.584
5,603
5,689
5,554
1965.
1966.
1967.
1968.
1969.
1970.
1971.
1/.'
1972
^
1973.
1974.
1975
Dec.
1976^1 an...
Feb...
Mar..
Apr . ,
May. p.
Junep
1/
n.a.
n.a.
Ji.a.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
669
528
502
504
575
315
i.:'45
.a.
p
Not available,
Preliininary.
Less than $500,000.
3,3U
n.a.
n.a.
n.a,
n.a.
n.a,
n,a.
54
394
426
352
945
,012
85
93
114
118
116
118
148
1,(IL1
U9
1,OT1
1,133
1,162
115
121
116
.
.
)
August 1976
.CAPITAL MOVEMENTS.
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars
Calendar year
Coxmtry
1972 1/
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.
1973
1974
:
3
18
11
16
146
100
AA
iS
11
19
28
102
48
18
11
18
146
22
29
22
174
100
106
89
61
20
47
45
49
11
19
28
106
40
8
5
3
9
150
48
39
148
Total Europe
Latin America
Argentina
Bahamas 2/
Brazil.
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.
Netherlands Antilles 2/
Other Latin America
53
175
65
241
91
48
66
15
187
38
176
65
231
91
36
65
13
181
37
7
80
625
186
8
83
17
60
7
43
43
129
154
178
233
88
601
174
51
304
373
849
853
1,271
406
406
150
19
571
174
108
174
108
383
390
57
57
71
10
329
110
6
Canada
53
191
94
198
96
122
30
28
5
23
33
61
8
113
9
145
4S
23
13
50
25
23
1,908
2,675
2,677
501
555
552
154
19
142
19
662
136
87
163
25
840
156
64
176
583
Japan
Korea
Philippines
Thailand
Other Asia:
Middle East oil-exporting
countries
Other countries
Total other Asia
270
167
1
1
464
62
700
77
110
62
6
2
298
136
244
202
7
7
6
13
10
10
37
17
78
39
,020
2,116
2,614
3,497
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
62
35
2
49
4
73
23
49
90
13
73
23
33
54
29
194
47
147
319
79
163
17
149
353
96
171
17
230
251
103
169
18
318
37
37
141
231
296
230
150
21
326
326
543
1,271
43
71
246
258
103
135
19
V
Total Asia.
Lfrica
384
223
32
466
106
329
1,582
1,619
1,792
16
14
{.
:
Egypt
Morocco
South Africa
Zaire
Other Africa:
Oil -exporting countries 5/,..,
Other countries
Total other Africa
3
3
2
1
70
35
70
36
88
31
74
39
150
148
219
62
176
238
151
276
427
355
366
744
154
123
172
163
235
,
Total Africa
Other countries
Australia
All other
:
Total other coiintries.
. .
Total foreign countries....
227
16
227
16
243
243
4,950
5,059
5,992
9,498
4,954
5,063
5,996
9,530
23
International and regional
Grand total
y
2/
55
297
381
490"
:
71
10
264
167
22
17
58
63
31
Data In the two columns shown for this date differ because of changes
In reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
Treasury Bulletin
106
^CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of June 30, 1976
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
Total
long-term
claims
Other
:
17
71
50
172
BQ
213
70
38
UB
12
215
46
5
91
7ii5
177
30
231
?ff7
Long-term
claims
payable in
foreign
currencies
8
17
70
50
172
88
213
70
35
48
12
211
45
4
87
745
176
30
231
186
8
15
69
39
150
86
197
65
28
44
2
1
11
22
1
16
5
7
4
7
209
45
3
1
82
530
6
216
18
157
30
230
380
,69Q
Total Europe
512
Canada
Latin America
Argent ina
Bahamas
Brazil
Chile
Colomb ia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American republics
Netherlands Antilles
Other Latin America
:
203
16A
1,246
150
82
*
203
164
,245
150
82
1,203
103
230
6
216
,202
103
108
10?
*t
229
6
215
166
138
1,178
90
73
«
1,109
96
221
5
200
?86
37
26
68
59
9
94
7
8
1
15
22
al
^'1
Total Latin America
Asia
:
China, People's Republic of (China
Ntainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
19
304
42
35
124
202
323
216
169
23
294
19
304
42
35
124
202
323
214
169
23
293
15
179
38
34
116
197
316
U3
140
20
265
4
125
4
*
8
5
6
71
29
3
28
1,464
Total Asia
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
:
186
77
Total Africa
Other countries
Australia
All other
15
*
11
150
77
452
113
76
427
bQ/,
627
203
58
196
:
203
58
38
36
1
25
2
58
Total other coxmtries
121
Total foreign countries
International
€uid
regional
Grand total
»
Less than $500,000.
40
40
10,004
S,S42
.
.
August 1976
107
.CAPITAL
Section III
-
MOVEMENTS.
Liabilities to Foreigners Reported
Table CM-III-1.
-
by Nonbanking Concerns
Liabilities
in the
United States
by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter -end
month 1/
Total
liabilities
566
1957.
1958.
1959.
1960 2/
1961 -Mar. _2/.
June 2/.
Dec
1962-June 2/.
Dec. 2/.
1963
196A^une i/
Dec
1965 2/
1966
1967 2/
1968
1969 2/
1970
1971 2/
1972 2/
1973
I97i
1975 -Mar...
June.
Sept
.
Dec...
1976-Mar.p.
Payable in
dollars
Payable in
foreign^
currencies
Long-term
liabilities
Treasury Bulletin
108
.CAPITAL MOVEMENTS.
Section
III
-
Liabilities to Foreigners
Table CM-III-2.
Reported by Nonbanking Concerns in the United States
-
Short-Term
Liabilities
by Country
109
August 1976
.CAPITAL
Section III
-
MOVEMENTS.
Reported by Nonbanking Concerns in the United States
Short-Term Liabilities, by Type and Country, as of March 31, 1976
Preliminary
Liabilities to Foreigners
Table CM-III-3.
-
(Position in millions of dollars)
Country
no
Treasury Bulletin
.CAPITAL
Section
III
-
MOVEMENTS.
Liabilities to Foreigners Reported by
Table CM-III-4.
-
Long-Term
Nonbanking Concerns
Liabilities
by Country
in
the United States
.
.
..
August 1976
111
.CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns
Table CM-IV-1.
-
in the United States
Claims by Type
'In millions of dollars)
Short-term claims
End of
calendar year or
quarter -end month
1/
Payable in foreign currencies
Total claims
947
1957.
Payable in
dollars
111
637
1958.
943
720
568
1959.
1,009
705
605
'
1,775
1,859
1,432
1,505
824
875
'
1,633
1,701
1,248
1,305
939
968
'
1,895
1,934
1,496
1,528
1,181
1,208
'2,099
2,117
1,646
1,664
1,323
1,340
1960 2/
1961 -Mar. 2/..
June 2/,
Sept. 2/.
Dec
2,138
1,636
1,335
1962^une 2/..
'2,443
2,678
1,807
1,974
1,475
1,598
Dec. 2/..
'2,809
2,867
2,051
2,098
1,625
1,668
1963-Mar. 2/..
2,929
2,979
2,113
2,162
1,712
1,758
/"
June 2/.
3,048^
1,877
\^3,164J
2,854
2,922
Dec. 2/..
'
196a -June 2/..
3,297
3,245
Deo. 2/..
'3,738
3,934
'3,565
3,438
1965 2/.
1966
3,884
'4,483
4,581
1967 2/.
196S....
5,572
1969^/-
f 5,925
6,523
(^
1970
7,110
r 8,303
1971_2/
8,068r
(^
f 9,094r
1972 2/.
1
9,968r
1973
12,540r
197A
15,820r
1975-Mar
15,452r
Jxine .
.
15,341r
Sept...
16,302r
Dec
17,216
1976-Mar. p.
17,968
2,131
2,188
Deposits with banks
abroad in reporter's
own name
Other short-term
claims payable in
foreign currencies
Long -term
claims
Treasury Bulletin
112
.CAPITAL MOVEMENTS.
Section IV
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2.
-
Short-Term Claims by Country
1/ Data on the two columns shewn for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shewn for the following date.
August 1976
113
.CAPITAL MOVEMENTS,
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Short-Term Claims, by Type and Country, as of March 31, 1976
Table CM-IV-3.
Section IV
-
-
Preliminary
(Position in mXllions of dollars)
.
.
Treasury Bulletin
114
CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4.
-
Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
fin millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
short-term
liquid
claims
917
844
691
625
1966.
973
805
1967 2/.
901
985
1968....
1,306
1969 2/.
1,068
1,222
847
1970
1971 2/.
1,295
1,205
1972 2/.
1,615
1,966
1973.
2,625
1974.
2,660r
1975.
3,031r
1975-May
.
.
Jxine..
July..
Aug...
Sept.,
Oct...
Nov...
Dec...
1976-Jan.
Feb.
Mar.
Apr.
Majr.
3,298r
Deposits
Short-term
investments 1/
1965 2/.
. .
Payable in foreign currencies
Deposits
Short-term
investments 1/
August 1976
113
CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
- Short-Term Liquid Claims Reported
by Large Nonbanking Concerns,
by Type and Country, as of May 31, 1976
Table CM-IV-6.
Treasury Bulletin
116
CAPITAL MOVEMENTS,
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7.
-
Long-Term Claims by Country
.
August 1976
117
.CAPITAL MOVEMENTS,
Table CM-V-1.
-
V
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
Section
-
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflcw of capital from the United States)
Corporate and other securities
Marketable Treasury bonds and notes
Net foreign purchases
Fnreim countries
Calendar year
or month
1953
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1959
1970
1971
1972
1973
197A
1975
Official
institutions
national
and
ers
regi onal
?6
-237
689
127
512
-728
671
-338
524
-98
-20
-207
-76
-616
-43
-489
-45
56
1,672
3,316
305
-471
1,956
Inter-
Other
foreign-
273
165
224
532
-521
302
5
-165
69
254
102
186
'8,833
1,188
528
1,603
1,231
2,508
1,196
1,437
1,153
1,296
629
932
574
634
742
1,043
2,433
3,354
6,877
36
95
56
30
51
59
123
-IIQ
-22
1
.1,517
Gross
foreign
sales
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,353
2,738
369
-59
-20
-245
48
-380
-115
-41
1,651
3,231
465
-642
Gross
foreign
purchases
-315
-151
-427
-121
-161
Jl
-25
1^0
57
3,W3
Net
Bonds 1/
foreign
purchases
of
Net
Gross
Gross
corporate foreign
foreign
foreign
and other purchases purchases sales
securities
-39
435
252
223
60
207
-173
-375
673
1,070
4,234
2,^8
1,532
1,435
4,063
li.TSl
1,505
5,420
Net
foreign
purchases
Gross
foreign
purchase
Gross
foreign
sales
1,397
2,224
1,977
3,057
2,260
2,724
3,075
3,720
4,740
8,033
13,118
12,429
8,927
11,626
14,361
12,767
7,536
15,342
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
9,978
1,011
313
1,964
1,202
956
703
1,881
1,961
966
752
442
317
308
255
451
575
1,553
2,243
4,446
3,054
2,499
2,957
4,723
5,828
8,549
5,393
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,641
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2^790
546
4,668.
17
73
50
-99
-51
9
175
33
361
369
344
296
392
416
359
1
1976-Jan,. -June p.
7,096
10,675
2,921
2,588
87
246
7,949
5,028
2,934
660
2,931
2,269
2,271
10,6a
8,369
1975 June.
-220
55
50
-326
676
896
405
140
408
269
265
1,341
1,076
July.
Aug..
Sept.
Oct..
Nov.
192
9
139
431
-471
408
41
117
175
173
-171
122
56
-40
23
95
-67
-14
272
-270
262
614
694
955
930
423
685
757
448
842
230
987
84
200
751
426
930
390
-359
-77
323
588
267
404
658
520
198
626
482
334
432
273
597
442
278
428
1,690
1,160
924
1,474
1,154
589
1,379
1,093
717
646
1,046
817
690
557
756
418
552
215
47
-31
160
22
247
532
362
417
410
541
371
582
Dec.
1976-Jan
510
627r
708r
-358
238
1.196
Feb
Mar....
Apr. . ,.
May. p.
Jun e p.
37
-30
24
241
176r
731r
430
293
717
8
IQr
55r
17
-48
45
261
441
-78r
-805
-7
434
:
I
371
589
1,067
l,211r
l,438r
1,637
892
1,704
584
730
1,995
654
508
Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
Table CM-V-2.
-
p
571
138
499
1958
1959
1960
Net foreign
purchases
of foreign
securities
514
747
409
337
570
427
391
338
404
411
115
2,087
2,095
2,137
1,690
1,207
144
252
1,425
1,546
1,724
1,555
1,279
1,092
1,173
Preliminary.
Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners
Calendar year
or month
88
242
oi*
a net outflow of capital from the United States)
Foreign bonds
Net foreign
purchases
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-585
-1,320
-1,695
-1,547
-915
-984
-522
-81"
-2,C73
-1,026
-512
-552
-460
-944
-1,095
-928
-1,242
-914
-1,153
-1,380
-1,029
-951
-935
-1,031
-993
-2.?1«
Gross foreign
purchases
889
946
Foreign stocks
Gross foreign
sales
Net foreign
purchases
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,685
2,581
2,441
2,621
2,932
2,467
-335
-238
-83
-370
-104
Gross foreign
purchases
467
556
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
Gross foreign
sales
804
804
592
966
806
644
-6^511
-6.331
-3,944
-3,782
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
1,036
2,377
2,233
1975 June
-653
-628
215
852
-13
129
143
July
Aug
Sept
-704
-327
-81
-508
-715
-1,139
-693
-160
-91
-484
-743
-1,190
315
158
1°4
195
248
282
1,008
318
-10
-157
10
-24
28
51
109
89
91
137
108
148
119
257
80
161
79
97
-333
-1,201
-975
-382
-481
-572
-339
-1,145
-922
-422
-439
-515
462
402
360
342
373
295
800
1,547
1,282
763
811
811
6
-56
-53
40
-42
-57
145
162
193
182
198
147
139
218
246
143
240
204
1961
1962
1963
1964
1965
1956
1967
1958
1959
1970
1971
1972
1973
1974
1975
,
1975 -J an.
June
Oct
Nov
Dec
1976-Jan
Feb
Mar
Apr
itey p
-Jtme p
p
'.
IVeliminary.
p
3,254
51
200
290
229
-157
-314
-517
35
-49
409
176
185
8,J09
6,015
-131
285
678
991
1,471
-162
1.539
1,028
548
517
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,722
1 '19
1,190
.
.
118
Treasury Bulletin
CAPITAL MOVEMENTS,
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-3.
-
foreigners or a net outflow of capital from the United States)
(In millions of dollars; negative figures Indicate net sales by
1976
Calendar year
Country
Europe
Austria
Belgium-Luxembourg,
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Swi tzerland
Turkey
United Kingdom
1976
through
June p
1973
Feb.
Jan.
Apr.
May p
:
.
-2A
-3
206
22
AA
11
10
39
267
25
26
16
17
-2
1
4
26
8
23
9
7
-19
137
65
13
3
14
6
10
16
2
-40
-3
-1
1
*
150
-11
16
95
70
-129
17
10
5
7
91
74
96
159
513
102
-56
-1
*
Yvigoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
Total Eiirope
242
Canada
2A
-320
131
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics.
Netherlands Antilles 1/
Other Latin America
15
30
196
84
-23
~:55"
6
:
20
1
-28
-21
-11
-1
-10
-1
2
Total Latin America.
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
:
171
-1,0?A
-1
-196
31
14
1,797
1,797
2,230
26
2,256
1,660
2,087
169
150
170
150
20
150
20
2,674
249
262
271
-10
-3
-56
5
-142
16
18
10
2
Other Asia:
Middle East oil-exporting
countries 2/.
Other countries
Total other Asia
Total Asia.
173
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa:
Oil-exporting coxmtries
Other countries
Total other Africa
-1
-227
-854
460
116
19Lr
532r
320
15
131
19lT
532r
320
460
151r
556r
343
327
:
j/.
25
Total Africa.
Other countries
Australia
All other
10
45
,l3
20
10
45
15
20
45
15
:
Total other countries
Total foreign countries
International and regional
-?73
Intematioaal
Latin American regional
Asian regional
,
,
-185
20
96
5
Total intemationaland regional
Grand total.
1/
2/
2/
p
»
786r
447
245
;
305
-A71
225
-39
-16
186
246
1,956
2,921
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Onan, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States),
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Revised,
r
Less than 1500,000,
441
-77
-Ir
-803
-2
-805
627r
708r
238
August 1976
119
CAPITAL MOVEMENTS.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-4.
(Position at end of period in millions of dollars)
120
CAPITAL MOVEMENTS.
Treasury Bulletin
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1/
2/
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
P
United Arab Emirates (Trucial States),
Includes Algeria, Gabon, Libya, and Nigeria,
Preliminary.
• Less than $500,000.
121
August 1976
.CAPITAL
Section
V
-
MOVEMENTS.
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers
Table CM-V-6. - Net Foreign Transactions
in
in
the United States
Domestic Stocks by Country
fin millions of dollars; negative figures indicate net sales by foreigners or a
y
2/
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Truclal States).
i/
p
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
r
Revised.
Treasury Bulletin
122
.CAPITAL MOVEMENTS.
Table CM-V-7.
-
V
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactioi.s in Long-Term Foreign Bonds by Country
Section
-
(In millions of dollars; negative figures indicate net sales by fore
123
August 1976
.CAPITAL MOVEMENTS.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
Section
(In millions of dollars; negative
Treasury Bulletin
124
.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During June 1976 Preliminary
Section
-
August 1976
123
CAPITAL MOVEMENTS
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1975
Section
V
-
(In millions of dollarsj
Treasury Bulletin
126
.CAPITAL
Section VI
-
Table CM-VI-1.
MOVEMENTS.
Foreign Credit and Debit Balances in Brokerage Accounts
-
Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
..
,
)
,
127
August 1976
_CAPITAL MOVEMENTS.
Section VI
-
Table CM-VI-2.
Foreign Credit and Debit Balances in Brokerage Accounts
-
Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1973
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Mar
Sepit
1974
.
P'
:
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
13
21
31
16
22
12
1
15
1
1
1
7
4
5
1:'
11
1
17
1
1
5
6
5
1
1
1
3r
57
35
21
22
53
29
26
28
14
19
1
6
9
2
*
13
26
1
1
7
12
13
1
1
1
1
5
10
5
1
*
3
1
3
4
1
57
41
*
46
44
27
30
45
1
1
*
*
*
1
1
155
144
93r
1
3
1
35
*
>
Total Europe.
195
~~16~
~Tl
Canada
Latin America
Argent ina
Bahamas 1/
Brazil
13
26
13
1
*
20
34
14
14
:
2
1
21
1
6
15
1
2
Chil'-
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American flepublics.
Netherlands Antilles and Surinam
Other Latin America
2
6
4
10
6
1
lA
4
4
4
2
6
3
3
2
1
32
1
1
2
37
42
17
16
35
37
12
Total Latin America.
2
2
11
8
50
56
42
5S
29
31
Asia;
China, People's Republic of
(
China Mainland
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
AO
59
25
Japan
Korea
Philippines
Thailand
Other Asia
2
5
10
10
Total Asia.
Africa
Egypt
Morocco
South Africa.
Zaire
Other Africa.
:
Total Africa.
Other countries
Australia
All other
:
fotal other countries.,..
Total foreign countries,,..
258
193
?M
International and regional
209
24^)
258
31a
231
193
Data represent the money debit balances (due from foreigners),
Note:
as appearing on the books of reporting brokers and dealers in the
United States, in accomits of foreigners with them, and in
1/
p
their accounts carried by foreigners.
Through December 31, 1972, Bermuda Included with Bahamas,
* Less than $500,000.
Prelimnary.
r
Revised.
Grand total
3U
405
Treasury Bulletin
128
FINANCIAL OPERATIONS OF
Section
Table GA-II-1.
-
II
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
August 1976
129
FINANCIAL OPERATIONS OF
Section
Table GA-III-1.
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Civil Service Retirement and Disability
(In millions of dollars)
Fund
..
.
...
.
,
130
Treasury Bulletin
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III
Table GA-III-2.
-
Trust Funds
-
Federal Old-Age and Survivors Insurance Trust Fundi/
CIn millions of dollars)
Receipts
Fiscal year
or month
Total 2/
19//-66.
Appropriations
150,086
20,732
20,627
23,693
27,196
28,849
32,114
37,187
43,465
50,119
52,900
1977 (Est.).
16,640
73,849
14,108
63,204
1975 -July...
4,017
Aug
Sept...
Oct
Nov
Dec
6,445
3,863
3,494
5,471
4,836
4,021
4,154
4,317
3,422
3,591
3,711
4,356
6,773
4,159
6,087
7,525
5,301
4,376
4,871
4,487
6,071
5,199
4,681
1969.
.
.
1970
1971
1972
1973....
197-i....
1975
1976
T.Q. (Est.).
1976-Jari
Feb
Mar
Apr
May
Jirne
. .
.
Net earnings
on investments
^
2/
168,002
23,371
23,641
27,348
31,746
33,982
37,916
43,639
50,935
58,763
62,327
1967
1968
Expenditures other than investments
Deposits by
States
8,765
9,351
725
900
1,013
1,349
1,618
1,718
1,848
2,040
2,296
2,349
1,835
2,036
2,260
2,758
3,066
3,596
4,131
4,989
5,898
6,654
1,952
7,655
-10
2,242
-471
35
1,796
-305
Construction 8/
37
1
3
7
1
2
7
7
5
2
1976
T.Q. (Est.).
1977 (Est.).
Re imbursement
to general
fund 2/
423
580
2,370
620
17,274
72,805
17,023
70,572
1,250
6
50
18
1
-1
449
488
473
441
450
423
6
56
17
56
25
-41
Bureau of
OASI 10/
834
57
60
59
73
72
78
81
91
83
3,002
129
801
290
354
403
412
478
504
567
615
745
987
-7
11
12
17
5,139
5,127
5,164
5,200
5,254r
5,205r
5,157r
5,i52r
5,330
5,315r
5,352
5,337
5,288
6,585
5,261
5,242r
5,272
5,265
5,217
5,274
438
491
579
613
724
5,035
5,052
5,105
5,133
Continued
Reimbursement to,
or from (-), FDI,
rai, and FSMI
Trust Funds
-14
32
-4
-13
3,123
508
783
909
982
1,212
-26
1,846
-346
-
141,707
18,887
20,737
23,732
26,266
31,101
34,540
42,170
47,847
54,839
62,164
37
2,301
-367
Payments to Railroad Retirement
Accounts 6/
19,729 2/
21,624 2/
24,690
27,320
32,268
35,848
43,623
49,483
56,676
64,296
1,212
Assets^ end of period
Other
2
2
2
2
4
4
8
-15
n.a.
27
9
9
11
11
.
1976-Jan
Feb
76
66
65
56
86
43
62
64
71
62
61
90
Mar
Apr
May
.
See footnotes
148,112
Benefit
payments
Net increase
or decrease
(-), in
assets
Total
Investments
Unexpended
balance
2/
19,889
3,643
2,017
2,657
4,426
1,714
2,068
16
1,452
2,086r
-1,969
19,889
23,531
25,548
28,205
32,631
34,345
36,413
36,429
37,881
39,968r
17,925
21,780
23,250
26,235
30,121
31,375
33,203
35,501
37,717
39,892
37,999
3T,9tC
31
-635
1,038
37,477
38,515
37,377
38,415
100
100
-1,122
1,318
-1,301
-1,705
216r
-369r
38,845
40,164
38,863
37,158
37,374r
37,005r
38,773
39,627
38,849
37,140
37,026
36,849
-973
l,458r
-1,193
750
2,237
-1,285
36,032r
37,49Qr
36,296r
37,046
39,283
37,999
36,006
37,004
36,309
37,006
38,877
37,968
1,964
1,751
2,298
1,971
2,509
2,970
3,211
928
164
75r
n.a.
1975 -July...
Aug
Sept..
Oct
Nov. .
Dec
.
-200
Adjiinistrative expenses
Fiscal year
or month
June .
Total 5/
79
78
382
443
84
1,007
Expenditures other than investments
1937-66.
1967. . .
1968....
1969. . .
1970
1971
1972
1973
1974....
1975....
Other
following Table GA-111-3.
-15
72
537
14
T8
348r
156r
26r
485r
-12r
40
407
31
m
August 1976
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III
Table GA-III-3.
-
-
Trust Funds
Federal Disability Insurance Trust Fund
(In millions of dollars)
Treasury Bulletin
132
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section
III
-
Trust Funds
Footnotes
Table GA-III-3.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1977 Budget of
the U.S. Government, released January 21, 1976.
Revised Budget estimates based on the 1977 Budget update, released
Note:
July 16, 1976, are not available in the necessary detail.
$16 milpayments for military service credits as follows:
Includes
1/
lion for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972, $51 million FY 1973, $52 million
and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 1974, $52 million military service
credits for FY 1975. Estimate includes $90 million FY 1976 for
military service credits.
2/ Includes unappropriated receipts from January 1962 to June 1965.
2/ To cover employees of States and their political subdivisions under
the Social Security Act (A2 U.S.C. 418).
Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.
5/
6/
2/
8/
FY 1975 includeo $71 million for vocational rehabilitation services
and $336 thousand for construction of buildiiigb. Estimate I'or
FY 1976 Includes $90 million for vocational rehabilitation services.
Payments are made between the Railroad Retirement Accovmt and
Federal Old-Age and survivors and Federal disability so as to place
those funds in the position in which they would have been if railroad
enrplcyment after 1936 had been included in social security coverage
(45 U.S.C. 228 e (k)).
For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal year as determined by the Secretary of Health, Education, and Welfare (A2 U.S.C.
401 (g) (1)), Beginning July 1966 monthly reimbursements are paid to
the Social Security Administration to cover salaries and expenses
instead of the semi-annual reimbursement to FOASI.
Includes $27 million paid from Railroad Retirement Accounts in FY 1960,
Excludes transactions for investments in non-Federal securities.
Less than $500,000.
j.
Revised,
Table GA-III-2.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1977 Budget of
the U.S. Government, released January 21, 1976,
Note: Revised Budget estimates based on the 1977 Budget update, released
July 16, 1976, are not available in the necessary detail.
1/ includes transactions under the predecessor Old-Age Reserve Account.
$15 million transferred from general fund for ad2/ Total includes:
ministrative and other costs of benefits payable to survivors of
certain World War II veterans (60 Stat. 979 and 6/, Stat. 512); $35
million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amoxjnts in the nature of recoveries from
expenditures incidental to the operations; beginning 1958, interest
payments from Federal Disability Insurance Trust Fund and sale of
waste paper; $78 million for each FY 1967 and 196S, $156 million FY
1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972,
$138 million FY 1973 and $139 million FY 1974 for military service
credits; and $226 million for FY 1969, $364 million for FY 1970, $371
million FY 1971, $351 million for FY 1972, $337 million FY 1973 and
Fiscal year 1975
$303 million FY 1974 for benefits for the aged.
includes $140 million for military service credits and $307 million
for special benefits for the aged. Estimates include $157 million
for military service credits and $268 million for special benefits
for the aged for FY 1976.
2/ Includes unappropriated receipts from January 1962 to June 1965.
ij To cover employees of States and their political subdivisions, under
^
6/
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
Includes payments for vocational rehabilitation services to Federal
Disability Insurance Trust Fund and Social and Rehabilitation Service.
Payments are made between the Railroad Retirement Account and Federal
Old-Age and Survivors and Federal disability so as to place those funds
in the position in which they would have been if railroad employment
after 1936 had been included in social security coverage (45 U.S.C. 228c
(k)).
2/
g/
2/
10/
*
r
Excludes transactions for investments in non-Federal securities.
Construction and equipment of office buildings for the Bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
Under the Social Security Act, as amended (42 U.S.C. 401 (g) (1)),
for administration of Titles II and VII of that act and related
parts of the Internal Revenue Code (26 U.S.C. 480-482, 1400-1432).
See also footnote 10.
Salaries and expenses of the Bureau of Old-Age and Survivors Insurance are paid directly from the trust fund beginning 1947, under
provisions of annual appropriations acts until passage of the Social
Security Act Amendments of 1956 (42 U.S.C. 401 (g) (1)); previously
these expenses were included in reimbursements to the general fund.
Beginning July 1966 payments of salaries and expenses for the Social
Security Administration are charged directly to each trust fund.
Less than $500,000,
Revised.
..
.
..
.
.
133
August 1976
FINANCIAL OPERATIONS OF
Section
Table GA-III-4.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Hospital Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
Net
Appropriations
Total
1/
837
937
1,300
710
813
1,959
862
2,483
3,235
3,997
4,340
4,412
4,692
6,938
9,503
10.077
10,780
2,890
12,458
826
855
875
704
739
764
..
915
1,035
1,151
Apr
May...
June..
1,192
1,152
1,599
916
3,089
3,902
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
5,34-;
5,614
6,018
6,031
8,352
11,610
12.562
13,600
3,634
15,716
T.Q. (Est.)
1977 (Est.)
197 5- July..
Aug
Sept
Oct...
Nov .
.
.
.
.
Dec.
1976-Jan
Feb
Mar.
.
Deposits
by
States
Federal
payment
2/'
Total
64
2,597 2/
3,815 2/
4,758
4,953
5,592
6,276
6,842
8,065
10.612
12,579
1966
1967
1968
1969
1970
1971
1972
1973
197A
1'375
1976
T.Q. (Est.)
1977 (Est.)
1975- July.
Aug...
Sept.
Oct...
Nov.
Deo. .
.
1976-Jan.
Feb.
Mar.
Apr
.
.
.
.
.
May...
June..
Benefit
payments
2,508
3,735
4,654
4,804
5,443
5,109
6,549
7,807
10.355
12,270
2
3
3
68
214
5
326
891
992
911
21
41
237
3
2
2
1,161
1,052
1,010
29
2
Administrative
expense
1,000
1,006
1,185
1,183
1,061
1,228
977
981
1,162
1,151
1,036
1,197
22
25
948
Construction
98
2
229
359
Net
increase
or decrease
(-), in
assets
351
492
87
586
651
426
-244
1,510
3,545
m
582
2,436
-155
28
307
-345
-135
940
34
18
24
24
25
23
-84
29
-35
24
9
91
32
25
31
Monthly Treasury Statenent of Receipts and Outlays of the
Source:
United States Ciovemment. Budget estimates are based on the 1977
"•idret of the U.S. Government, released January 21, 1976.
Revised Budget estimates based on the 1977 Budget Update, released
Note:
July 16, 1976, are not available in the necessary detail.
Includes receipts and
1/ Includes nominal amounts of other receipts.
interest from Railroad Retirement Accounts-net settlement of $16
million FY 1967, $44 million FY 1958, $54 million FY 1959, $64
million FY 1970, $66 million FY 1971, $66 million FY 1972, $63
million FY 1973, $99 million FY 1974 and $127 million FY 1975.
Estimate for FY 1976 is $145 million.
2/ Represents payiDents for military service credits of $11 million
1
1
1
1
136
Assets, end of period
64
89
79
104
148
149
165
192
258
255
308
1,019
l.OSi^
96
137
180
188
196
405
508
708
201
902
8
80
288
85
316
992
908
993
60
1,540
658
16
44
54
64
66
66
54
103
134
140
141
9
46
1,3U
402
807
2,955
12,964
958
890
959
1,032
922
996
3,051
13,281
7
47
206
279
426
445
486
534
725
1,099
1.214
338
284
771
628
874
551
429
499
529
658
Expenditures other than investments
Fiscal year
or month
Interest
and profits on
investments
371
2/
Investments
851
1,343
1,431
2,017
2,677
3,103
2,859
4,369
7,914
9.864
10,885
786
1,298
1,370
2,001
2,653
3,030
2,884
4,222
7,854
9.761
10,942
11,869
14,305
9,709
9,737
10,045
9,699
9,564
10,505
11,819
14,255
9,639
9,647
10,025
9,752
9,459
10,500
10,420
10,449
10,414
10,424
10,515
10,886
10,398
10,448
10,575
10,602
10,479
10,942
Unexpended
balance
65
45
60
15
24
73
-25
145
49
104
-55
50
50
70
90
19
-53
105
5
22
1
-160
-178
36
-56
for each FY 1967 and 1968, $22 million FY 1959, $11 million
for each FY 1970 and 1971 and $48 million for each 1972, 1973, 1974
and 1975; and payment for transitional coverage for the uninsured
of $327 million FY 1967, $273 million FY 1968, $749 million FY
million FY
1959, $617 million FY 1970, $863 million FY 1971, $503
million
1972, $381 million FY 1973, $451«million FY 1974 and $451
coverage
transitional
for
million
includes
$622
Estimate
FY 1975.
and $48 million for military service credits for FY 1976.
securities.
Excludes transactions for investments in non-Federal
Less than $500,000.
Treasury Bulletin
134
FINANCIAL OPERATIONS OF
Section
Table GA-III-5.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
135
August 1976
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
Section III
Table GA-ni-6.
-
-
Trust Funds
Railroad Retirement Accounts
(In millions of dollars)
Treasury Bulletin
136
FINANCIAL OPERATIONS OF
Section
Table GA-III-7.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Unemployment Trust Fund
137
August 1976
FINANCIAL OPERATIONS OF
Section
Table GA-III-7.
GOVERNMENT AGENCIES AND FUNUS
III
-
Trust Funds
Unemployment Trust Fund — Continued
Treasury Bulletin
138
FINANCIAL OPERATIONS OF
Section
Table GA-III-8.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
National Service Life Insurance Fund
I'ln
millions of dollars)
139
August 1976
FINANCIAL OPERATIONS OF
Section
Table GA-III-9.
-
GOVERNMENT AGENCIES AND FUNDS
III
-
Trust Funds
Investments of Specified Trust Accounts in Public Debt Securities
and Agency Securities by Issues, as of June
(In millions of dollars)
Investment secxirities
30, 1976
140
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS
September 1975 through August 1976
Issues and page numbers
Sept.
Article
Treasury financing operations.
:
Federal fiscal operations
Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts ty source
Budget outlays by agency
Undistributed offsetting receipts
Budget outlays by f\inction
Investment transactions of Government accoxmts in
Federal securities ( net)
Trust fund transactions
Selected accrual data reported by Federal agencies
Detail of excise tax receipts
Accoxjntability of the Account of the U.S. Treasiir^ on
an accoxmting basis
Sunnnary of internal revenue collections by States
and other areas
:
1
3
5
6
7
8
12
13
13
Federal obligations
Account of the U.S. Treasury
Status of the Account of the U.S. Treasui:y
Analysis of changes in tax and loan account balances.
Gold assets and liabilities of the Treasury
:
23
24
25
Monetary statistics
Currency and Coin in Circulation
:
Federal debt
Summary of Federal debt
Computed interest charge and computed interest rate
on interests- bearing public debt
Interest- bearing public debt
Maturity distribution and average length of markets
able interest- bearing public debt
Government account series
Interest-bearing securities issued ty Government
agencies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasury holdings of securities issued t^ Government
corporations and other agencies
Description of securities of Government corporations
and other business- type activities held t^ the
Treasury
:
Public debt operations
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding
Offerings of Treasury bills
New money financing through regular weekly Treasury
bills
Offerings of public marketable secxirities other than
regular weekly Treasxny bills
Unmatxired marketable securities issued at a premium
or discount other than advance refunding operations..
Allotments t^ investor classes on subscription for
public marketable securities
Disposition of public marketable securities other
than regular weekly Treasury bills
Foreign series securities (nonmarketable) issued to
official institutions of foreign co\antries
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries
27
34
:
United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods. Series E through K..,
Redemptions of matured and unmatured saving bonds
Sales and redemptions by denominations. Series E and
H combined
Sales by States, Series E and H combined
35
36
39
42
45
49
51
55
67
:
69
69
70
72
73
August 1976
141
.CUMULATIVE TABLE OF CONTENTS
September 1975 through August 1976-Continued
Issues and page numbers
1976
1975
Sept.
United States savings notes
Sales and redemptions by periods
74
Ownership of Federal securities
Distribution by classes of investors and types of
issues
Estimated ownership by private investors
75
76
Dec.
Mar.
Apr.
May
July
Aug.
:
60
56
62
63
51
62
57
58
63
64
64
63
69
55
:
Treasury survey of ognership
Treasury survey
71
72
67
68
73
77
78
72
73
68
6a
79
74
70
commercial bank ownership
-
Market quotations on Treasury securities
End-of-month closing quotations
Chart - Yields of Treasury securities
73
74
77
78
73
73
:
B5
87
Average yields of long-term bands
Average yields of long-term Treasury, corporate, and
municipal bonds
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds
81
83
77
79
87
89
8i
80
90
85
81
91
82
84
85
87
S3
35
87
39
72
74
71
73
85
36
90
75
74
83
86
89
87
91
76
75
84
77
7Q
80
82
:
Exchange Stabilization Fund
Balance sheet
Income and expense
:
82
87
38
National bank reports
Operating Income and Expense, anu Dividends of National
Banks Calendar Year 1975
International financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners
U.S. liquid and other 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 International Monetary Fund
U.S. net monetary gold transactions with foreign
countries and international and regional organizations
Weighted average of exchange rate changes for the
dollar
8?
:
76
:
Capital movements
Liabilities to foreigners reported by banks in the
United States
Claims on foreigners reported by banks in the United
States
Liabilities to foreigners by nonbanking
cone ems in the Uni ted States
Claims on foreigners reported by nonbanking concerns
in the United States
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States....
Foreign credit and debit balances in brokerage accounts
01
33
92
93
94
91
92
93
90
90
94
91
95
78
77
84
78
85
85
84
94
91
92
90
96
79
79
86
87
85
86
95
96
92
93
94
91
92
97
80
81
80
87
88
88
89
93
33
81
94
:
98
'^6
90
100
97
98
96
102
85
85
92
93
106
104
98
108
105
106
104
110
93
93
100
101
112
110
104
lU
111
112
110
116
99
105
107
116
lU
108
113
115
116
114
120
103
110
111
122
131
120
129
114
124
133
121
130
122
131
120
129
126
135
109
118
116
125
117
126
Foreign cxirrencies acquired by the U.S. Government
without payment of dollars
Foreign cxirrency transactions, summary and country uses
Foreign currency transactions, U.S. uses and trust funds
123
109
118
:
Financial operations of Government agencies and funds
Government corporations and other business- type
activities:
Statements of financial condition
Statements of income and retained earnings
Federal credit programs;
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund
Federal Old-age and Survivors Insurance Trust Fund...
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund...
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance F\and
Investments of specified trust accounts
126
127
133
139
:
Ul
134
133
131
132
128
129
136
137
138
139
140
140
141
143
144
135
132
210
211
135
121
159
160
147
167
163
159
171
172
173
174
176
177
148
149
150
152
153
154
155
157
158
if U.S.
120
121
Government Printing
129
130
131
133
134
135
136
138
139
Office:
1976—211-230/14
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS
OFFICE OF THE COMMISSIONER
WASHINGTON,
-
553
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE, »300
FIRST CLASS
stock^
in^menca,
.
Buy U. S. Savings Bonds
Treas,
HJ
U.S. Treasury Dept,
10
Treasury bulletin,
July-Dec. 1976.
.A2
c.l
Treas.
HJ
10
U.S. Treasury Dept.
c.l
Treasury bulletin,
July-Dec. 1976T
DATE
LOANED
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