Full text of Treasury Bulletin : August 1978
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Treasury Bulletin
August 1978
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
August 1978
I
CONTENTS
Article
- Treasury Financing Operations............................................................
Page
VI
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations............................................................. .. 1
FFO-2.
- Budget Receipts by S o ur c e ................................................................ .. 3
Chart
- Budget Receipts by S o ur c e................................................................ .. 5
FFO-3 •
- Budget Outlays by Agen c y................................................................. .. 6
FF0-4.
- Undistributed Offsetting Receipts....................................................... .. 7
FFO-5.
- Budget Outlays by Function............................................................. .... 8
FFO- 6 .
- Investment Transactions of Government Accounts in Federal Securities (Net)......... .. 10
FFO-7.
- Trust Funds Transactions................................................................. ..11
FFO-9*
- Detail of Excise Tax Receipts..................................... ........ ............
J-2
FEDERAL OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object
Class...................................................................... ................. 17
F0-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and
Major Object Cl ass....................................................................... .. 17
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..
FO-4.
- Gross Obligations Incurred Outside the Federal Government, Comparative Statement
by M o n t h s ................................................................................... 19
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury...............................................20
UST-2.
- Elements of Changes in Federal Reserve and Tax and Loan Account Balances........... ..21
UST-3.
- Gold Assets and Liabilities of the Treasury............................................ ..22
MS-1.
- Currency and Coin in Circulation........................................................ ..23
MONETARY STATISTICS
FEDERAL DEBT
FD-l.
- Summaiy of Federal D e b t ...................................... ........................... ..24
FD-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 24
FD-3 •
- Interest-Bearing Public D e b t ............................................................ ...25
FD-4.
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 25
FD-5.
- Government Account S e ri e s............................................................... ..26
FD- 6 .
- Interest-Bearing Securities Issued by Government Agencies...................... ....... 27
FD-7.
- Participation Certificates............................................................... .28
FD-8.
FD-9#
- Debt Subject to Statutory Limitation................................. .............. ......29
- Status and Application of Statutory Limitation..........................................30
FD-10.
- Treasury Holdings of Securities......................................................... .31
PUBLIC DEBT OPERATIONS
PD0-1.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities............ .33
PDO-2.
- Offerings of B ills...................................................................... ... 34
PD0-3.
PDO-4.
- New Money Financing through Regular Weekly Treasuiy Bi lls............................ .37
- Offerings of Public Marketable Securities................. .......................... ..39
PD0-5.
- Unmatured Marketable Securities Issued at a Premium or Discount.................... ..42
PD0-6.
- Allotments b y Investor Classes on Subscriptions for Public Marketable Securities..
47
II
Treasury Bulletin
CONTENTS
Page
PDO-7.
- Disposition of imolic Marketable Securities............................................
50
PD0-8.
- Foreign Series Securities................................................................
53
PD0-9.
* Foreign Currency Series Securities........ ..............................................
61
UNITED STATES SAVINGS BONDS
SB-1.
- Sales and Redemptions b y Series, Cumulative............................................
63
SB-2.
- Sales and Redemptions by Periods, All Series Combined.................................
63
SB-3.
- Sales and Redemptions b y Periods, Series E through K ..................................
64
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds....................................
66
SB-5.
- Sales and Redemptions b y Denominations, Series E and H Combined........................
6?
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions b y Periods.........................................................
68
OWNERSHIP OF FEDERAL SECURITIES
0FS-1.
- Distribution of Federal Securities.............................. .......................
69
0FS-2.
- Estimated Ownership of Public Debt Securities..........................................
70
TREASURY SURVEY OF OWNERSHIP
TS0-1.
- Summary of Federal Securities................................. ...........................
71
TSO-2.
- Interest-Bearing Marketable Public Debt Securities b y Type and Maturity Distribution
72
TS0-3.
- Interest-Bearing Marketable Public Debt Securities by Issue........ ............... .
72
TS0-4.
- Securities Issued b y Government Agencies......................... ......................
74
TS0-5.
- Securities Issued b y Government-Sponsored Agencies and D . C ...........................
74
TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP
75
TSC-1.
- Summary of Interest-Bearing Public Debt Securities.....................................
TSC-2.
- Interest-Bearing Marketable Public Debt Securities b y Type and Maturity Distribution
75
TSC-3.
- Interest-Bearing Marketable Public Debt Securities b y I s s u e ...........................
76
TSC-4.
- Securities Issued by Government Agencies................................................
78
TSC-5.
- Securities Issued b y Government-Sponsored Agencies and D.C............................
78
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-l.
- Treasury Bills............................................ ................................
79
MQ-2.
- Treasury Not e s.............................................................................
79
MQ-3.
- Treasury Bon d s ............ ................................................................
80
Chart
- Yields of Treasury Securities............................................................
81
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds................
82
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds................
83
NATIONAL BANK REPORTS
NBR-l.
- Operating Income and Expense, and Dividends of National Banks Calendar Year 1977....
84
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve Asset s ................................................................ ......
85
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners....................................................
86
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
b y A r e a ............................................................................... .
87
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes........................................ .
gg
IFS-5.
- U.S. Position in the International Monetary Fun d......................................
89
IFS- 6 .
- Weighted-Average of Exchange Rate Changes for the Dol l ar ............................ .
90
III
August 1978
CONTENTS
C A P I T A L
M O V E M E N T S
Page
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
- Total Liabilities by Type of Holder.................................................. .... 94
CM-1-2.
- Total Liabilities by Type, Payable in Dollars - Part A .................................. 95
CM-I-2.
- Total Liabilities to Nonmonetary International and Regional Organizations by Type,
Payable in Dollars - Part B .............................................................. 96
CM-I-3.
- Total Liabilities by Country......................................................... .... 97
CM-I-4.
- Total Liabilities by Type and Country..... .......................................... .... 98
CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1.
- Total clains by Type............................................................ ...... .... 99
CM-II-3.
- Total Claims by Country............................ ........................... ...... .... 100
CM-II- 6.
- Banks Own Claims by Type and Country Payable in Dollars............................. .... 101
CM-IV-1.
- Liabilities by Type................................................................... .... 102
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-2.
- Short-Term Liabilities by Country.................................................... .... 103
CM-IV-3.
- Short-Term Liabilities, by Type and Country.............. ........... ............... .... 104
CM-IV-4.
- Long-Term Liabilities, by Country..................... .............................. .... 105
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-V-1.
- Claims by Type............................................................................. 106
CM-V-2.
- Short-Term Claims by Country....... ............... ...................................... 107
CM-V-3.
- Short-Term Claims, by Type and Country............................................... ....108
CM-V-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type....... ........ 109
CM-V-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country.............109
CM-V- 6 .
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country
CM-V-7.
- Long-Term Claims by Country...............................................................H I
110
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VI-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities...................... .....112
CM-VI-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities.............................112
CM-VI-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country....
H3
CM-VI-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country..
114
CM-VI-5.
- Net Foreign Transaction's in Long-Term Domestic Bonds..................... .......... ....H 5
CM-VI- 6 .
- Net Foreign Transactions in Domestic Stocks by Country.............................. ....H 6
CM-VI-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country..................... ....117
CM-VI- 8 .
- Net Foreign Transactions in Foreign Stocks by Country...............................
CM-VI-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date................... ....H 9
CM-VI-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year................... ....120
Treasury Bulletin
IV
C O N T E N T S
F O R E I G N
C U R R E N C Y
POSITIONS
SUMiJARI POSITIONS
FCP-I-1.
Page
- Noribanking Firms' Positions........................................................
FCP-I-2.
- Weekly Bank Positions................................ •............................. ..122
FCP-I-3.
- Monthly Bank Positions............................................................. ..122
FCP-II-1.
- Nonbanking Firms' Positions.................. ..................................... ..123
FCP-II-2.
- Weekly Bank Positions............................ .................................. ..123
FCP-II-3.
- Consolidated Monthly Bank Positions............................................... ..124
BELGIAN FRANC POSITIONS
CANADIAN DOLLAR POSITIONS
FCP-III-1.
- Nonbanking Firms' Positions........................................................ ..125
FCP-III-2.
- Weekly Bank Positions.................. .............. ...................... ...... ..125
FCP-III-3.
- Consolidated Monthly Bank Positions............................................... ..126
FCP-IV-1.
- Nonbanking Firms' Positions........................................................ ..127
FCP-IV-2.
- Weekly Bank Positions.............................................................. ..127
FCP-IV-3.
- Consolidated Monthly Bank Positions................................... ........... ..128
FRENCH FRANC POSITIONS
GERMAN MARK POSITIONS
FCP-V-1.
- Nonbanking Firms' Positions........................................................ ..129
FCP-V-2.
- Weekly Bank Positions.............................................................. ..129
FCP-V-3.
- Consolidated Monthly Bank Positions........................................... ...... 130
ITALIAN LIRA POSITIONS
FCP-VI-1.
- Nonbanking Firms' Positions........................... ............................ ..131
FCP-VT-2.
- Weekly Bank Positions.............................................................. ..131
JAPANESE YEN POSITIONS
FCP-VII-1.
- Nonbanking Firms' Positions........................................................ ..132
FCP-VII-2.
- Weekly Bank Positions.............................................................. ..132
FCP-VII-3.
- Consolidated Monthly Bank Positions............................................... ..133
SWISS FRANC POSITIONS
FCP-VIII-1.
- Nonbanking Firms' Positions........................................................ ..134
FCP-VIII-2.
- Weekly Bank Positions.............................................................. ..134
FCP-VIII-3.
- Consolidated Monthly Bank Positions............................................... ..135
FCP-IX-1.
- Nonbanking Firms' Positions............. ................................ ......... ..136
FCP-IX-2.
- Weekly Bank Positions........... ................................................... ..136
FCP-IX-3.
- Consolidated Monthly Bank Positions.............................................. ...137
FCP-X-1.
- Nonbanking Firms' Foreign Subsidaries' Positions................................ ...138
FCP-X-2.
- Weekly Bank Foreign Office Positions.................... ....................... ....138
FCP-X-3.
- Monthly Bank Foreign Office Positions............................................. ..139
STERLING POSITIONS
UNITED STATES DOLLAR POSITIONS ABROAD
August 1978
V
CONTENTS
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES
GA-I-2.
- Statements of Income and Retained Earnings.... ..................................... .. *^-2
GA-II-1.
FEDERAL CREDIT PROGRAMS
- Direct £M:eis and Repurchases of Loans................................................ ....1*76
GA-III-1.
- Civil Service Retirement and Disability Fund........................................ .. 177
GA-III-2.
- Federal Old-Age and Survivors Insurance Trust Fond.................. .......... ....
GA-III-3.
- Federal Disability Insurance Trust Fund............................................. .. 179
TRUST FUNDS
178
GA-III-4.
- Federal Hospital Insurance Trust Fund............................................... ..181
GA-III-5.
- Federal Supplementary Medical Insurance Trust Fund................................. ..182
GA-III- 6 .
- Railroad Retirement Accounts............................... ...... ................... ..183
GA-III-7.
- Unemployment Trust Fund.............................................................. ..184
GA-III- 8 .
- National Service Life Insurance Fund................................................ ..186
GA-III-9.
- Investments of Specified Trust Accounts in Public Debt Securities and Agency
Securities........................................................................... ..187
Cumulative Table of Contents........................................................................
Note:
Details of figures may not add to totals because of rounding.
188
VI
Treasury Bulletin
Treasury Financing Operations
Auction of 2-Year Notes
On July 12 the Treasury announced that it would auction
$3,250 million
of
notes maturing
July
cash.
2-year notes to refund $2,480 million of
31, 1978 and to raise $770 million new
The notes of fered were Treasury Note of Series R-1980,
to be dated July 31, 1978,
due July 31, 1980, with interest
A
coupon rate of 8-3/87. was set on the notes of Series
N-1981 after the determination
cepted on a yield basis, the average of which translated in
to
an
average accepted price close to 100.000.
of
Series N-1981 will
payable on January 31,and July 31 in each year until maturity.
15, 1981, with interest
A coupon rate of 8-l/27o was set after the determination as to
and August 15
which tenders were accepted on a yield basis,, the average of
which
translated
into
an average accepted price close
to
100. 000.
the
notes were received until 1:30
p.m.,
The
notes
be dated August 15, 1978, due August
payable semiannually on February 15
until maturity.
Tenders for the notes of Series N-1981 were received un
til 1:30 p.m., EDST, August 1, and totaled $5,384 million of
which
Tenders for
as to which tenders were ac
$2,503
million was
accepted at yields ranging from
8.44%, price 99.831, up to 8.47$^ price 99.753.
Noncompeti
EDST, July 20 and totaled $4,981 million, of which $3,254 mil
tive tenders for $1 million or less were accepted in full at
lion was accepted at yields ranging from 8.527., price 99.964
the average yield of accepted tenders, 8.4670, price
up
these totaled $1,124 million.
to
8.627», price 99.784.
Noncompetitive tenders for
$1
million or less from any one bidder were accepted in full at
the average
yield of accepted tenders, 8.617», price 99.802.
These totaled $770 million.
In addition to the $3,254 million
tenders
accepted
accepted
of
at the average price from Government accounts and Federal re
serve banks for their own account in exchange for
securities
maturing July 31, 1978, and $484 million of tenders were
acepted at the average price from Federal
Reserve
international monetary
banks
ac-
Tenders were received at
at
authorities
Federal
Reserve banks
an average accepted price close to 100,000. The notes of Se
ries B-1985 will be dated August 15, 1978, due August 15,1985,
with interest payable semiannually on February 15 and August
15 until maturity.
Tenders for the notes of Series B-1985 were received un
til 1:30 p.m., EDST, August 2, and totaled $4,078million of
which $3,000 million was accepted at yields ranging from 8,28%,
the Bureau of the Public Debt, Washington,
price 99.843, up to 8.41$, price 99.166, Noncompetitive ten
registered as to principal and interest were authorized to be
in
as to which tenders, were ac
and
D. C. Bearer notes, with interest coupons attached, and notes
issued
B-1985 after the determination
as
for new cash.
branches and
of g-l/4$ was set on the notes of Series
cepted on a yield basis, the average of which translated'into
in the auction process, $375 million of tenders were
agents for foreign and
A coupon rate
denominations
of $5,000, $10,000,
$100,000 and
ders for $1 million or less were accepted in full at the ave
rage yield of accepted tenders, 8.36$, price 99.426.
A coupon rate of 8-3/8$ was set on the bonds after the
basis, the average of which translated
August Refunding
cepted price close to 100.000.
On July 26 the Treasury announced that it would sell to
the public at auction, under competitive and
N-1981,
and
up
noncompetitive
to $2,500 million of Treasury Notes of
$3,000 million of Treasury Notes of Series
$1,500
These
totaled $715 million.
determination as to which tenders were accepted on a yield
$1 , 000 , 000 .
bidding,
99.779.
million
of Treasury Bonds of 2003-2008.
Series
B-1985,
These
into an average ac
The bonds of 2003-2008 will be
dated August 15, 1978, due August 15, 2008, with interest pay
able semiannually on February 15 and August 15 until maturity.
Tenders for the bonds were received until 1:30 p.m.,
EDST, August 3, and totaled $2,588 million, of which $1,501
million was accepted at yields ranging from 8.37$,
100.055 up to 8.46$, price 99.079.
price
Noncompetitive tenders
for $1 million or less from any one bidder were accepted in
issues were to refund $4,380 million of publicly held Treas
full at the average yield of accepted tenders, 8.43$, price
ury securities maturing August 15 and to raise new cash.
99.402.
These totaled $148 million.
VII
August 1978
Treasury Financing Operations—Continued
In addition to the amounts allotted to the public, $1,200
Treasury Bills (Other than Short-dated bills) - General
million of the notes of Series N-1981, $1,434 million of the
Treasury bills are sold on a discount basis under comr-
notes of Series B-1985 and $600 million of the bonds were al
petitive and noncompetitive bidding, and at maturity their par
lotted to Federal Reserve banks and Government accounts for
amount is payable without interest.
their own account in exchange.for securities maturing August
bills in the $100,000 denomination, which are available only
15, 1978.
of Series N-1981 and
to investors who are able to show that they are required by
$330 million of the notes of Series B-1985 were allotted to
law or regulation to hold securities in physical form, all
$320 million of the notes
Except for definitive
Federal Reserve banks as agents for foreign and international
series are issued entirely in book-entry form in a minimum
monetary authorities for new cash.
Payment for accepted tenders in all of the auctions was
amount of $10,000 and in any higher $5,000 multiple, on the
required to be made or completed on or before August 15, 1978,
in cash, securities maturing on or before August 15, 1978,
of the Department of the Treasury.
Tenders are received at Federal Reserve banks and branches
which were to be accepted at par, or other funds immediately
and from individuals at the Bureau of the Eublic Debt, Wash
available to the Troacury by that dato.
Tenders were received in all three auctions at Federal
ington. Each tender must be for a minimum of $10,000. Ten
ders over $10,000 must be in multiples of $5,000. Payment
Reserve banks and branches and at the Bureau of the public
for the full par amount applied fotf must accompany all ten
Debt, Washington, D. C.
Bearer notes of Series B-1985 and
records either of the Federal Reserve banks and branches, or
ders submitted for bills to be maintained on the book-entry
bonds, with interest coupons attached, and notes of Series
records of the Department of the Treasury.
B-1985 and bonds registered as to principal and interest were
ment will be made for the difference between the par payment
A cash adjust
authorized to be issued in denominations of $1,000, $5,000,
submitted and the actual issue price as determined in the
$10,000, $100,000, and $1,000,000.
auction.
The
notes of
Series
No deposit need accompany tenders from incorporated
N-1981 were to be issued in denominations of $5,000, $10,000,
banks and trust companies and from responsible and recognized
$100,000, and $1,000,000.
52-Week Billa
dealers in investment securities for bills to be maintained
on*the book-entry records of Federal Reserve banks and branches,
On July 13 tenders were invited for approximately $3,340
million of 364-day Treasury bills to be dated July 25, 1978,
and to mature July 24, 1979.
or for definitive bills, where authorized.
A deposit of 2
percent of the par amount of the bills applied for must ac
Tenders were opened on July 19.
company tenders for such bills from other, unless an express
they totaled $4,911 million, of which $3,340 million was ac
guaranty of payment by an incorporated bank or trust company
cepted, including $93 million of noncompetitive tenders from
accompanies the tenders.
Noncompetitive tenders (without stated price), usually
public and $967 million of the bills issued at the average
price to Federal Reserve banks for themselves and as agents
for $500,000 or less from any one bidder, for each issue of
of foreign and international monetary authorities. An addi
tional $37 million of the bills were iss i<*r1 U> Federal Re
serve banks as agents of foreign and international monetary
authorities for new cash. The average Tank discount rate
was 7.820%. The issue was to refund $3,038 million of bills
maturing July 25, and to raise $302 million new cash.
13-Week and 26-Week Bin.<3
13-week, 26-week, and 52-week bills, are accepted in full at
Issues of regular weekly Treasury bills in July totaled
$22,900 million. These issues were offered for cash and in
exchange for bills maturing in the same amount. There were
four 13-week issues of $2,300 million, three 26-week issues
of $3,400 million and one 26-week issue of $3,500 million.
Average rates for the new issues are shown in the following
table.
Annual average rate
(bank discount basis)
Date of issue
the average price of accepted competitive bids for an issue.
Payment foi duocpocd tenders mas I be made or completed
on the date of issue, in cash or other immediately available
funds or in a like par amount of Treasury securities maturing
on or before that date.
Payment for 13-week, 26-week, and
52-week bills may not be made by credit in Treasury tax and
Inan ar»r»nnn+c!>
£PXe,.ign.. Series and Foreign Currency Series.
Foreign series securities issued in July totaled $928
million, consisting of 13 certificates and 1 note.
tions for the month totaled $1,534 million.
Redemp
At the end
of
July, foreign series securities outstanding totaled $19,952
million.
(Details are shown on page 60.)
There were no foreign currency series securities issued
13-week
26-week
1978
July
Note:
in July.
Redemptions for the month totaled an equivalent of
$41 million.
6
13
20
27
7.058
7.188
7.113
6.936
7.447
7.515
7.497
7.426
At the end of July foreign currency series se
curities outstanding totaled an equivalent of $861 million
and were all denominated in Swiss francs.
(Details are shown
on page 62.)
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
1
August 1978
_____ FEDERAL FISCAL OPERATIONS_____
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing— net transactions
1/ Budget receipts and-outlays
Borrowing from the public— Federal securities
Fiscal year
or month
Net
Net
receipts 2/ outlays 2 /
(1 )
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977...........
1978 (Est.)...
1979 (Est.)...
1977-June......
July.......
Aug.......
Sept....
Oct.......
Nov.......
Dec.......
1978-Jan.......
Feb.......
Mar........
Apr......*.
May.......
June......
Surplus
or
deficit (-)
1-2
(2 )
(3)
Rtblic
debt
securi
ties 4/
Agency
securi
ties
Invest
ments of
Govern**
ment ac
counts j>/
(5)
(4)
Cash and monetary assets (Deduct)
Within general
account of the
U.S. Treasury
Total
4+5-6
y u
(7)
(8)
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,913
18,507
53*516
760
1,746
826
1,668
2,068
-3,380
_
-
(6)
U.S.
Treasury
operating
cash
(11)
(12)
.
_
_
-1,570
7,246
2,579
1,690
_
557
290
711
-8
245
123
-302
-59
-267
808
-1,536
-208
1,079
-1,264
91
647
-172
-385
684
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
644
802
-9 08
-988
50
525
1,121
1,024
764
132
n.a.
n.a.
16
12
-14
6
41
18
81
-49
42
22
-24
91
45
131
-434
338
135
1,368
-168
-1,591
70
-135
241
794
-900
337
—b6
-206
27
-88
56
89
-3
2
12
-272
-298
-39
-90
265
16
-544
_
184,548
196,588
211,425
232,021
247,074
269,621
326,105
365,648
94,660
401,896
3,236
-2,845
-23,033
-23,372
-14,849
-4,689
-45,108
-66,451
-12,973
-45*035
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
-10,150
-1,739
-347
-1,269
216
903
-1,069
10
724
-1,380
401,207
448,163
452,329
496,646
-51,122
-48,483
n.a.
n.a.
n.a.
n.a.
8,522
10,062
7,417
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
n.a.
n.a.
10,19Qr
-8,678
-5,044
1,545
-14,663
-9,269
-4,852
-3,717
-6,922
-15,125
6,618
-1,709
9,055
2,316
-561
11,310
13,666
-1,437
10,569
10,971
2,652
8,157
8,198
-1,362
5,009
7,426
-32
-96
-417
-14
-8
-30
-39
5
-328
-5
-51
-28
-34
1,7b'/
-2,460
3,114
3,629
-3,296
1,685
961
-3,370
2,721
-1,462
849
5,536
1,991
517r
1,803
7,780
10,024
1,851
8,854
9,971
6,027
5,108
9,656
-2,263
-555
5,401
-
9,264
-6,101
-3,091
12,040
-11,417
-2,216
6,803
207
-5,089
-984
2,874
-5,554
13,800
-40,652
50,184
-518
5,615
44,051
-
-1,577
43,948r
24,952
29,676
36,642
24,127
27,596
32,794
33,201
26,795
24,879
42,343
34,961
47,657
33,758r
33,630
34,720
35,097
38,790
36,864
37,646
36,918
33,787
40,004
35,724
36,670
38,602
-
_
_
_
_
_
_
_
_
_
_
_
Gold
tranche
drawing
rights 2 /
(10)
(9)
187,784
193,743
188,392
208/649
232,225
264,932
280,997
299,197
81,687
356,861
54,929
62,099
Special
drawing
rights 8/ Other
Fiscal 1978
295,173
335,825
Means of financing— net transactions— Con.
Fiscal year
or month
Other 10/
Transactions
not applied to
year* s surplus
or deficit 11/
(13)
(M)
Total budget
financing
7-8-9-10
-11-12+13+14
Selected balances, end of period
General ac
count of the
U.S. Treasury
6/2/
U.S.
Treasury
operating
cash
(16)
(17)
Federal securities
Public
debt
securities
u
(15)
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
2,004
10,407
-961
482
1,442
340
451
-7,393
-6,710
-2,436
-8,247
-3,236
2,845
23,033
23,372
14,849
4,689
45,108
66,451
12,973
45,035
1978 (Est.)....,
1979 (Est.)....
'n.a.
n.a.
n.a.
n.a.
51,122
48,483
1977-June.......
July.......
Aug........
Sept.......
Oct........
Nov........
Dec........
L978-Jan.........
Feb........
Mar........
Apr........
May........
June.......
Fiscal 1978
to date........
-1,146
1,824
-3,940
2,159
2,237
-1,479
1,430
-935
-2,053
5,576
-441
-3,110
196
-218r
-1,678
-1,535
-1,634
622
-384
-1,258
-1,146
-1,234
-1,100
-569
-1,030
-561
-10,190r
8,678
5,044
-1,545
14,663
9,269
4,852
3,717
6,992
15,125
-6,618
1,708
-9,055
-6,661
40,652
1971............
1974............
1975............
1976............
T.Q.............
1977............
1,421
Footnotes on following page.
7,544
9,291
10,117
•11,785
13,854
10,473
_
~
-
-
~
Agency
securities
12/
Investments
of Govern
ment accounts
Held by the
public
18+19-20
(21)
(19)
(20)
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
-
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
16,255
10,154
7,063
19,104
7,687
5,471
12,274
12,481
7,391
6,407
9,281
3,726
17,526
674,425
673,864
685,174
698,840
697,403
707,972
718,943
721,595
729,753
737,951
736,589
741,598
749,024
10,824
10,728
10,311
10,298
10,290
10,260
10,221
10,226
9,898
9,893
9,842
9,814
9,780
153,013
150,553
153,666
157,295
153,999
155,684
156,645
153,275
155,996
154,534
155,383
160,919
162,910
532,237
534,039
541,819
551,843
553,694
562,548
572,519
578,546
583,654
593,310
591,048
590,493
595,894
17,526
749,024
9,780
162,910
595,894
(18)
-
~
-
7,589
14,835
17,414
19,104
_
Treasury Bulletin
2
.FEDERAL FISCAL OPERATIONS
Footnotes to Table FFO-1.
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Budget estimates are based on figures released in the "Mid-Session
Review" of the 1979 Budget on July 6, 1978,by the Office of Management
and Budget.
1/ Budget receipts and outlays are revised to reflect Earned Income
Credit payments in excess of an individual's tax liability, formerly
treated as outlays, and now classified as income tax refunds.
2J For detail see Table FFO-2.
2 / For detail see Table FF0-3.
k / As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the "budget presentation.
5/ For detail see Table FFO-6.
£/ Current fiscal year to date transactions through June 30, 1974, are
on the Daily Statement of the U.S. Treasury clearance date basis and
are converted to accounting date basis at June 30 (final) only.
Prior fiscal year amounts include transactions in transit as of June
30. For amounts in transit see Table FF0-10 in the October 1974
Bulletin.
2 / As of July 1974, balances shown under "Within general accounts of the
Note:
U.S. Treasury" are now presented in columns 9, U , and 13.
8/ Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
2/ Represents activity of the International Monetary Fund.
10/ Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
11/ 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 1974
conversion of interest receipts of Government accounts to an accrual
basis; and net outlays of off-budget Federal agencies. Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund from August
22, 1974, through September 30, 1977, and Pension Benefit Guaranty
Corporation since September 17, 1974.
For detail see Table FD-6.
Revised.
n.a. Not available.
In billions of dollars.
3
August 1978
__FEDERAL FISCAL OPERATIONS*.
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Social insurance
taxes and contributions
Fiscal year
or month
T>Q.......................
1978 (Est.)...............
1979 (Est.)...............
1977-dune.................
July.................
Sept.................
1978-Jan..................
Feb..................
Mar..................
May..................
Fiscal 1978
Net
budget
receipts 1/
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
401,207
448,163
Individual
1
Withheld 2/ Other
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144*857
168,159
202,496
43,948r
12,l75r
24,952
29,676
36,642
24,127
27,596
32,794
12,240
12,429
11,777
12,770
12,916
13,351
33,201
26,795
24,879
42,343
34,961
47,657
295,173
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
45,702
28,817
7,109r
Corporation
Refunds 1/
Net
Gross
Refunds
Net
10,191
13,240
14,522
14,143
21,866
23,952
34,013
28,175
1,044
30,194
35,033
41,236
87,249
90,412
86,230
94,737
103,246
118,952
122,386
130,795
38,715
156,725
178,828
190,077
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
9,809
60,057
64,267
68,047
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,348
5,164
5,318
5,560
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
58,949
62,487
14,758
12,438
1,968
1,288
12,725
17,327
8,770
13,275
2,159
1,386
13,171
13,941
9,549
20,217
2,273
19,620
1,521
5,258
8,682
18,833* ’ 9,342
1,624
14,293
20,301
15,054
379
. 430
479
394
714
466
337
282
508
659
492
441
399
14,379
1,538
809
8,376
1,445
920
9,212
1,991
1,013
8,023
8,850
1,183
14,655
4,298
47,292
462r
13,111
12,811
14,469
13,095
14,808
14,490
923
660
5,903
711
430
770
7,154
911
2,546
13,621
6,756
6,631
726
364
352
206
174
179
48
3,102
11,756
7,883
7,272
820
121,820
39,531
30,621
I8,822r
130,730
51,590
Employment taxes and contributic
Old-age, disability, and
hospital insurance
Net
income
taxes
Net
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,302
102,128
117,556
Gross
33,956
38,600
41,237'
45,559
54,166
65,016
74,075
78,792
21,475
90,701
102,678
118,188
Refunds
605
386
518
447
479
535
360
408
400
22,208
11,633
13,282
27,683
15,475
34,956
7,274
6,690
10,034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
11,292
8,668
518
“
6,874
6,690
10;034
7,160
5,490
8,446
5,875
7,141
10,451
7,773
9,967
10,774
8,668
178,022
75,101
518
74,583
123,927
123,241
113,015
126,903
139,398
157,571
163,007
172,204
47,175
211,618
237,777
252,564
33,200r
13,976
13,534
25,703
14,721
14,092
23,153
-
400
550
632
-
-
Social insurance taxes and contributions - Continued
Fiscal year
or month
1978 (Est.)...............
1979 (Est.)............... .
July..................
Oct.................. .
1978-Jan...................
Feb..................
Mar...................
Apr...................
May..................
June..................
Fiscal 1978
to date................
Footnotes at end of table.
Employment taxes and contributions - Con.
Railroad retirement accounts
Net
employment
taxes and
contributions
Gross
Refunds
Net
885
920
981
1,009
1,190
1,412
1,490
1,525
328
1,909
1,858
2,053
*
*
*
1
1
*
*
*
*
*
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
1,858
2,053
34,236
39,133
41,669
46,120
54,876
65,892
75,204
79,909
21,803
92,210
103,986
119,609
170
34
313
139
52
304
163
6,725
10,347
7,299
5,542
8,750
6,038
16
294
166
20
310
-20
1,306
170
34
313
139
52
304
163
16
294
166
20
310
-20
1,306
*
*
*
-*
*
*
*
*
*
*
*
-*
*
*
*
1
7,044
Unemployment insurance
Gross
Refunds
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
7
6
8
13
19
26
33
32
6
36
14,472
16,380
52
58
Net contributions for other
insurance and retirement
Net
unemployment Federal
supple
insurance
mentary
medical
insurance
3,328
903,
3,464
936
3,674
1,253
4,357
1,340
6,051
1,427
6,837
1,704
6,771
1,901
8,054
1,937
2,698
539
11,312
2,192
14,420
2,408
16,322
2,631
5
228
7,157
10,745
7,938
9,987
11,084
8,648
233r
808
2,15896
543
1,217
125
404
1,192
146
1,404
4,507
176
8
-3
2
1
1
1
1
1
2
11
8
7
800
2,161
94
541
1,216
123
403
1,192
144
1,393
4,499
169
182
189
195
192
204
192
193
191
213
196
195
198
201
75,888
9,715
33
9,681
1,782
Federal
Other
employees
retirement
retirement
Total
1,426
1,735
1,916
2,058
2,146
2,302
2,513
2,760
706
2,910
24
29
37
39
41
45
52
54
13
59
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,162
3,246
3,265
62
62
5,716
5,958
239r
243
248
238
259
242
286
241
273
275
247
307
264
2,393
5
4
7
4
3
5
6
6
4
7
5
4
5
425r
437
450
434
466
438
486
437
490
478
448
508
470
45
4,221
Treasury Bulletin
4
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source—Continued
(In millions of dollars)
Social insurance
taxes 'and
contributions Continued
Net
social
insurance
taxes and
contri
butions
Fiscal year
or month
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
1978 (Est.).
1979 (Est.).
1977-June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1978-Ja
n
Feb....
Mar....
Apr....
May....
June..,
Fiscal 1978
to date...,
Excise taxes
Miscellaneous
Airport and airway trust fund
Highway trust fund
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,683
124,122
141,889
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
9,796
11,936
17,434
96
167
133
1,056
158
141
15©
141
44
148
159
466
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
9,648
11,777
16,968
564
650
760
842
964
940
277
1,193
1,289
1,091
563
649
758
840
962
938
277
1,191
1,287
1,089
7,696
7,961
12,958
7,828
6,550
10,404
6,647
7,998
12,427
8,560
11,828
16,092
9,287
897
674
832
847
922
777
829
705
756
763
990
923
13
12
11
12
11
14
13
7
15
9
15
11
884
663
821
835
911
763
816
697
742
754
,97.6
912
103
108
111
110
100
101
108
97
116
103
101
122
117
108
111
110
100
100
108
97
115
103
101
122
117
574
750
658
594
601
591
579
470
561
602
560
615
89,791
7,512
109
7,404
965
964
5,173
Excise taxes - Continued
Estate and gift taxes
7,226
7,558
196 9
.
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
197 7
1978 (Est.)
1979 (Est.)
1977-June..,
July..,
Aug...,
Sept...
Oct....
Nov...,
Dec....
1978-Ja____ n
Feb___
Mar___
Apr....
May...,
June...
Fiscal 1978
to date...
5
14
19
5
14
19
37
37
13,441
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
7,425
5,718
6,167
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
7,327
5,618
6,067
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
5,287
5,946
6,560
68
64
66
107
120
110
106
134
31
137
154
170
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
5,150
5,792
6,390
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
5,908
511
555
461
421
446
492
453
441
471
306
522
<09
505
547
454
410
439
482
447
434
462
459
555
507
416
469
516
506
454
616
13
12
13
10
11
16
12
13
13
436
loi
667
446
543
494
406
459
501
494
441
603
545
584
653
450
513
513
462
535
493
510
555
514
531
561
617
3,991
73
3,918
4,802
4,686
4,779
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note: Budget estimates for net receipts are based on figures released
in the » Mid-Session Review " of the 1979 Budget on July 6, 1978, by the Office of
Management and Budget. Estimates in detail are not available and
are based on the 1979 Budget of the U.S. Government, released
January 23, 1978.
1/ Budget receipts are revised to reflect Earned Income Credit payments
in excess of an individual's tax liability, formerly treated as out
lays, and now classified as income tax refunds.
2/ Includes individual income taxes designated for the Presidential
1?
574
749
658
594
604
591
579
447
550
509
558
604
137
39
36
49
54
59
66
77
91
31
98
100
100
9
6
8
7
11
7
9
6
7
9
11
10
3
24
116
7,086
7,418
23
11
93
2
Deposits of
earnings by
Federal
Reserve
banks
Net
excise
taxes
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,548
20,242
25,475
1,530
1,567
1,523
1,589
1,529
1,615
1,463
1,492
1,259
1,395
1,368
1,670
1,651
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,709
5,036
Net miscellaneous receipts
Customs duties
Black lung disability
trust fund
Fiscal year
or month
224
32
123
313
153
123
146
152
1
135
140
140
4,861
5,386
5,664
5,635
5,818
6,384
6,334
5,565
1,677
6,844
6,200
6,300
All
other
Total
2,908
247
158
3,424
3,858
325
3,633
380
3,921
426
523 5,369
935 3/6,711
2,576 4/ 8,028
112~ 1,613
628
6,536
728 6,928
903
7,203
48
59
62
50
52
56
53
47
63
91
67
58
537
498
572
575
512
587
549
563
602
577
HI
674
5,316
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
Includes $442,615 thousand in fees for licenses to import petroleum
and petroleum products.
4/ Included $1,670 million in fees for licenses to import petroleum and
petroleum products.
5/ The Black Lung Disability Trust Fund was formally created on April
1, 1978 pursuant to the "Black Lung Benefits Revenue Act of 1977"
(Public Law 95-227).
* Less than $500,000.
r Revised.
3/
BUDGET RECEIPTS BY SOURCE
Fiscal Y e a r s 1 9 6 9 - 1 9 7 8
////A
1969
1971
1973
1975
T.Q.
1978
1969I
////,< - / / / / / .
1971
1
19721
1971
1973
1971
1973
C v/a Ifia T1 CA/V
L.AUKJC
j—
1
197£j
2222Z i
am b
T.Q.
p H i HM
^
1969
O t h e r'J
1975
1978
1969
1975
T.Q.
1978
1 1 ill ^1
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
1/ Includes estate and gift taxes, customs duties, and miscellaneous receipts.
i
1975
'i m
T.Q.
1978
6
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
%
Executive Funds ap
propriated
Office
to the
of the
President President
Defense Department
Agricul Commerce
ture De Depart
Military
partment ment
Civil
Fiscal year
or month
Legis
lative
branch
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
277
340
384
487
540
625
726
779
225
976
1,049
1,175
109
128
142
173
183
205
284
325
85
392
459
489
31
36
47
55
49
75
93
79
16
73
78
78
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
2,497
5,242
5,089
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
16,738
21,620
17,727
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
2,607
5,154
4,385
81
82
55
116
88
91
69
87
80
89
80
114
27
40
31
31
1
45
28
186cr
-185
667
1,123
219
429
354
-9
82
537
789
-7
1,046
1,316
965
1,674
1,471
1,773
2,840
3,018
29
51
27
37
46
29
9
6
4
5
9
4
4
7
6
4
7
8
12
2,689
939
1,879
781
1,229
819
285
258
300
346
273
329
341
380
358
453
445
512
604
294
62
3,438
15,966
3,699
1977............
1978 (Est.).....
1979 (Est.).....
1977-June........
July........
Aug.........
Sept........
Dec.........
1978-Jan.........
Feb.........
Mar.........
May ............................
June.... .
Fiscal 1978
to date.........
Fiscal year
or month
775
Treasury
Department
Transpor
Labor
State
Depart Depart tation
Interest
Depart
ment
ment
on the Other
ment
public 2 / 6 /
debt 4/
1969............. 3,475
1970............. 4,356
1971............. 7,923
1972............. 10,033
1973............. 8,639
1974............. 8,966
1975............. 17,649
1976............. 25,742
5,905
1977............. 22,374
1978 (Est.)...... 22,905
1979 (Est.)...... 25,134
1977-June........
July........
Aug.........
Oct.........
Dec.........
1978-Jan.........
Feb.........
Mar.........
The
judi
ciary
l,763r
1,766
1,950
1,692
1,575
1,524
1,845
2,038
2,063
2,3^7
May......... 2*060
June.......
1 888
Fiscal 1978
to date.... .
17,270
437
448
468
568
591
730
844
1,061
316
1,132
1,255
1,355
9^r
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,514
13.456
15,798
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900
336
206
31
275
6,792
6,674
8,512
6,464
1,512
7,660
48,600
55,400
7,694
7,212
1,012
52Qr
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
21,926
95,751
102,000
115 > 0 0
8,355r
8,317
7,851
8,094
7,992
8,721
8,206
8,123
8,226
9,168
8,315
8,870
8,854
76,476
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
583
2,280
2,531
2,547
Energy
Department
1/1/
2,607
2,610
2,439
2,545
2,558
2,493
3,524
3,888
1,000
^ 5,223
6,647
10,087
198
222
240
272
226
230
226
159
144
169
166
201
178
1,698
National
Environ
General Aero
nautics Veterans
mental
Services
Adminis
Protection Adminis and
tration
Space
Agency
tration Admin.
_
-
Health, Housing &
Interior
Education, Urban De
Depart
& Welfare velopment ment
Department Department 2 / 1 /
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128,785
34,341
147,455
163,318
181,265
48$r
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,085
8 032
9,529
3,919
4,002
579tr
568
5.61
480
582
689
767
256r
175
218
479
263
373
281
258
12,434
12,387
12,961
12,944
12,774
13,300
13,179
13,125
13,378
14,387
12,756
13,826
14,142
526
558
940
378
286
120,868
5,617
2,510
464
523
632
463
479
499
415
513
386
439
619
507
4,253
1,529
2,603
2,890
3,642
3,592
4,786
7,488
7,079
1,397
5,832
Other
independ
ent
agencies
2/
661
8
m
222
Rents and
Royalties
on the Outer
Continental
Shelf lands
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,019
18,753
19,238
4,734
7,089
8,715
9,878
11,832
13,988,
18,433
19,003
5,851
19,811
24,^39
27,699
-2,428
-2,662
-1,311
-2,374
-2,450
-1,800
70
1,218
1,735r
-320
1,334
1,417
1,329
1,574
1,597
2,604
684
1,514
2,676
556
1,751
2,432
1,675
1,356
1,811
3,978
1,939
1,776
1,797
1,035
2,336
1,966
1,931
1,894
-983
-44
-59
-63
-479
-98
-61
-90
-138
-242
-717
-138
-414
-587
-443
-460
-567
-4,088
15,387
18,679
-2,026
-11,52'?
2,021
124
-8
2,302
-262
-450
1,800
151
-17
2,154
-13
-329
41b
368
484
379
306
370
314
343
261
341
286
344
353
-103
92
34
-140
111
105
-226
86
81
-188
110
104
314
299
355
324
310
339
320
315
342
370
316
361
320
962
9,824
37,661
6,157
2,919
44
2,992
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on figures released in
the'Mid-Session .Review" of the 1979 Budget in July 6/ 1978. by the Office of
Management and Budget. Figures are available in detail for the 1978
Estimates. Other estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
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.
The Export-Import Bank was moved within the Budget effective
October 1,1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to
reflect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
X / Pursuant to Public Law 95-91, as of October 1, 1977, all finactions of
2/
2/
ij
J5/
6/
r
m
213
230
202
1,827
Other
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,944
3,980
4,269
6,384
2,909
2,989
2,978
3,083
3,320
6,794
3,282
3,450
3,403
3,493
3,670
7,166
229
188
181
177
205
208
193
195
Total 6/
425
446
501
589
468
-276
-624
-92
3
-31
83
306
1,065
1,192
1,328
1,308
1,163
1,123
1,145
797
982
1,027
1,080
1,201
515
640
916
1,180
1,531
1,797
2,067
2,242
551
2,350
2,466
2,533
Undistributed Offsetting
Receipts 2 / 1 /
701
763
1,114
2,032
2,530
3,118
1,108
4,365
4.540
5,679
146
80
32
152
46
113
94
136
102
159
76
100
Justice
Depart
ment
_
_
_
_
-
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
-1,255
-12,679
-13,640
-14,221
-3,891
-356
-543
-914
-461
-542
-3,965
184,548
196,588
211,425
232,021
247,074
269,621
326,105
365,648
94,660
401,896
452,329
496,646
33,758r
33,630
34,720
35,097
38,790
36,864
37,646
36,917
33,787
40,004
35,724
36,670
38,602
335,825
the Energy Research and Development Administration, Federal Energy
Administration, and Federal Power Commission, and certain functions
of Interior (Bonneville Power Administration and other power adminis
trations), certain other departments, and the Interstate Commerce
Commission were transferred to the Energy Department.
Cumulative year to date figures may not add due to budget realigments.
Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for the
Interior Department. To conform with the FY 1976 Budget Document's
presentation, these amounts were reclassified and are now being shown
as undistributed offsetting receipts.
Reported on an annual basis.
For content see Table FF0-4.
Budget Outlays are revised to reflect Earned Income Credit payments m
excess of an individual’
s tax liability, formerly treated as outlays,
and now classified as income tax refunds,
Revised.
August 1978
7
FF.nF.RAT. FISCAL O P E R A T IO N S _ _
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Fiscal year
or month
1969...............
1970...............
1971...............
1972...............
1973................
1974................
1975...............
1976...............
1977...............
1978 (Est.)........
1979 (Est.)........
Health, Education,
and Welfare Dept.
Civil Service
Commission
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
Defense
Department
Other
1/
Total
611
728
727
742
816
911
1,082
1,138
294
1,152
1,272
1,386
1,401
1,709
1,876
2,018
2,101
1,756
1,918
2,080
592
2,192
2,495
2,508
6
8
8
9
10
652
980
1,024
99
1,204
1,258
1,263
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
5,024
5,157
100
98
101
87
91
92
97
107
111
110
106
114
113
167
184
193
186
208
172
219
202
205
196
182
249
209
65
58
51
558
51
63
65
34
69
77
58
51
51
332
340
346
831
350
328
380
343
385
382
346
415
373
941
1,842
519
3,303
1977-June.........
July.........
Aug..........
Nov..........
1978-Jan..........
Feb..........
Fiscal 1978
Health,i Education, and Welfare Department
Federal Old-Age Federal
Soldiers' & and Survivors
Disability
Airmen's
Insurance
Insurance
Home
Trust Fund
Trust
Fund
Permanent
Fund
1,009
140
3
3
221
1,346
324
3
1,617
3
388
1,718
3
1,848
435
4
2,039
479
7
512
2,296
6
2,346
467
1
80
13
374
6
2,275
6
2,139
238
6
1,746
227
1
Federal
Supplementary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
94
138
183
190
198
406
607
708
5
770
818
873
23
12
17
29
43
77
104
104
4
132
201
258
2
951
4
63
27
41
87
884
9
67
28
50
49
831
149
*
10
6
6
17
95
1
10
4
5
8
86
364
3
1
7
2
1
383
4
3
3
5
9
361
57
1
2
3
7
2
77
2
5
8
14
10
97
5
2,048
233
771
222
-
1
-
2
.
-
2
-
Interest credited to certain Government accounts - Continued
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
1975...............
1976...............
T.Q................
1977...............
1978 (Est.)........
1979 (Est.)........
1977-June..........
July..........
1978-Jan...........
Feb...........
Mar...........
May...........
Fiscal 1978
Transportation
Department
Highway
Trust Fund
517
601
637
496
487
650
639
283
55
232
380
478
46
53
115
184
206
247
415
586
587
13
593
644
687
295
2
29
12
20
28
47
3
19
11
12
33
68
242
Veterans Administration
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
Civil Service
Commission
Civil Service
Retirement and
Disability
Fund
805
987
1,232
1,464
1,566
1,838
2,136
2,463
71
2,841
3,237
3,808
1,289
1
6
10
12
14
272
1
3
5
8
12
318
32
31
31
32
31
31
31
31
*
32
33
31
16
*
*
*
*
*
16
*
*
*
*
*
16
225
245
271
292
309
338
368
398
8
433
470
500
210
*
6
*
1
219
*
6
*
1
*
225
3
67
9
15
49
1,407
49
76
-6
15
14
1,526
645
32
454
3,145
-
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based on the 1979 Budget of the U.S.
Government, released January 23, 1978.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974, includes adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
3/
*
Railroad
Retirement
Board
Other
2/
Total
Rents and
royalties
on the Outer
Continental
Shelf lands
3/
_
Grand
total
3,099
3,936
4,765
5,089
5,452
6,574
7,690
7,800
270
8,131
8,595
9,064
3,559
2,428
2,662
1,311
2,374
2,000
1,800
320
4
6
13
77
*
11
4
4
15
65
8
20
14
12
23
40
130
162
3
213
229
275
107
*
3
4
*
2
105
1
1
1
1
2
120
15
197
83
111
214
3,584
71
201
60
115
152
3,714
983
44
59
63
479
98
61
90
138
242
717
137
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,053
15,619
16,021
4,211
1,338
587
973
524
1,021
4,063
475
677
581
703
1,284
4,225
193
235
8,224
2,025
13,553
191
215
251
258
262
257
274
246
16
230
200
175
75
*
10
-
-
foreign service retirement and disability fund, and Airport and Airway
trust fund.
Prior to January 1975, Rents 'fend Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals.
Less than $500,000.
Table FFO-5. - Budget Outlays by Function
00
(In millions of dollars)
F.Y. 1978
F.Y. 1977
Function
National defense
Outlays................................
Proprietary receipts from the public....
Intrabudgetary transactions.............
Total..................................
IpteraaJ.ional.affairs
Outlays.......................... .....
Proprietary receipts from the public....
Intrabudgetary transactions.............
Total..................................
General science. st>ace. and technology
Outlays................................
Proprietary receipts from the public....
Total..................................
Energy
Outlays................................
Proprietary receipts from the public....
Total..................................
Natural resources and environment
Proprietary receipts from 'the public....
Total..................................
Agriculture
Proprietary receipts from the public....
Total..................................
Commerce and housing credit 3/
Proprietary receipts from the public....
Intrabudgetary transactions.............
Total..................................
Transportation 3/
Proprietary receipts from the public....
Intrabudgetary transa ct ions.............
Total..................................
Community and regional development
Outlays................................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total..................................
Education, training,, employment and social
services
Proprietary receipts from the public....
Total..................................
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
8,869r
-103r
2
8,767r
8,438
-434
*
9,395
-397
-18
8,979
8,470
-405
22
8,087
9,644
-670
9,202
-782
-3
8,417
8,972
-999
*
8,004
9,671
-1,256
-3
8,412
7,974
8,559
113
3
8,676
537
-69
-5
521
-25
-•*
251
534
-129
-35
371
378
-78
-*
497
460
-14
446
317
-18
-48
463
981
-45
-68
868
358
-2
356
422
-2
420
392
2
379
_*
390
_*
382
_*
393
378
389
382
_
-
_
-
_
-
_
-
_____ ^
-
1,382
-122
-1
1,622
-96
1,259
1,526
l,354r
-l,145r
*r
209r
362
*
362
483
-38
_
-
-
445
-
-
1,502
-235
1,664
-258
-2
1,266
1,404
332
2
733
7
740
l,091r
-100r
-1
990r
234^
2
236r
73
-3
-*
70
1,206
-4
334
_
-
_____
1,912
-406
5
1,511
r"
59
-9
50
1,095
8
1,597
-45
1,103
1,553
_
June
10,855
-135
-19
10,701
8,377
113
2
8,492
9,141
-33
-2
9,107
9,181
-59
-3
9,120
390
-500
_*
73 8
-1,532
_*
1,686
-427
751
-691
1,900
-802
300
-110
-795
1,259
60
1,099
371
-1
370
392
433
*
380
393
*
392
433
379
429
-2
428
-
363
-45
-
430
112
-
396
-231
-
-
-
319
542
165
1,701
-135
-4
1,561
1,318
-166
1
1,152
829
-185
-3
641
991
-147
-4
841
1,087 '
-314
-2
1,724
-27
1,697
1,743
46
1,790
-48
-9
-57
_
-
_
_
-
-
-
-
-
-
-
_
-
-
-
-
-
-
-
-
-
-
-
-
893
-14
-5
875
894
49
-2
648r
629
5
-8
627
-138r
-1
-139r
1,658
-1
1,656
1,972
-2
1,970
685r
-36
-1
May
-
_
-
1,202
-
8,974
Apr.
941
1,801
1,801
-
-
Mar.
78,448
74,626
-1,247
11
73,390
10,922
-6,860
-83
3,979
8,848
-6,963
-43
1,843
3,548
-4
3,545
3,358
-2
M
3,356
M
78,634
-186
a
679
-52
4,134
-444
-
3,310
-318
>
627
3,689
2,991
1,066
-74
-2
9,189
-1,073
-20
8,096
8,505
-1,055
-7
>
771
1,038
-189
-1
848
*-I
CQ
O
7,443
►d
W
707
-26
680
8
15
23
48
33
82
-96
-69
-165
6,688
-73
4,011
-62
6,616
3,949
-623
-2
_*
55
-2
_*
-18
-4
_*•
218
-2
*
-119
-2
-626
52
-22
216
-121
554
-22
-1
532
-1,570
-17
-1
-1,588
995
-4
-*
991
1,157
-4
_*
1,120
-5
*
1,613
-27
12,335
-31
1,153
1,114
1,585
13,246
-81
-2
13,163
780
-2
-6
771
1,193
-4
-4
1,185
1,914
-1
1,913
1,080
-4
-
-
-
-
-
1*076
769
-131
-11
628
1,074
-17
-*
854
-56
-3
795
738
23
-6
772
5
-5
755
773
1,525
-33
-31
1,461
1,758
3
1,761
1,839
-5
1,778
1,834
1,778
1,997
-1
1,996
2,058
-1
2,058
2,217
-3
2,214
1,058
393
Conroarable
period
fiscal
1977
604
-54
550
-
_____
>
Cumulative
to date
1/2/
990
tr*
O
2
5
HH
§
GO
12,304
8,659
-245
-65
-91
983
8,348
4,800
2,391
-1
2,222
18,215
-10
12,347
-12
2,389
2,222
18,205
12,335
?
I
f
I
0-q
Table FFO-5. - Budget Outlays by Function—Continued
(In millions of dollars)
1978
June
Health
Outlays.................. ........
Proprietary receipts from the public
Intrabudgetary transactions........
Total.............................
Income security
Outlays...................... ,....
Proprietary receipts from the public,
Intrabudgetary transactions.........
Total........... .................. .
Veterans benefits and services
Outlays...........................
Proprietary receipts from the public
Intrabudgetary transactions.........
Total.............................
Administration of justice
Outlays...........................
Proprietary receipts from the public,
Intrabudgetary transactions........
Total.............................
General government
Outlays........................... ,
Proprietary receipts from the public,
, Intrabudgetary transactions.........
Total.............................
General purpose fiscal assistance
Outlays........................... .
Proprietary receipts from the public
Intrabudgetary receipts.... ....... .
Total.............................
Interest
Outlays........................... .
Proprietary receipts from the public,
Intrabudgetary transactions........
Total............................. .
Undistributed offsetting receipts.....
Net Budget outlays 2 J , ..............
10,457r
-1
-401
10,055r
July
3,583
-1
-468
3,115
8,592r
_*
-1,306
7,287r
11,734
-*
-143
1,272
-46
1,377
-39
1,22$
318
-2
Aug.
3,968
-3
-496
3,469
Apr.
Sept.
3,550
*
-234
3,316
3,359
-3
3,355
1,325
1,587
1,571
2,613
263
4
283
-1
292
-1
309
-2
1,726
2,433
15,374
13,948
371
312
-1
2,849
-7
2,769
-7
371
312
2,842
2,762
530
-31
-15
389
-79
-16
-157
3,058
-155
-444
484
293
2,682
2,460
153
50
14,104
327
-1
292
-1
340
1,573
-44
1,430
14,321
-372
-2
567
727
-40
2,646
-33
15,762
-387
-2
2,662
13,662
-*
-552
13,109
1,616
-45
-*
2,476
-42
1,529
12,326
-*
-253
12,073
1,625
-37
-5,486
1,769
-43
12,946
-*
-34
12,912
1,360
-35
-3,507
108,978
611
-44
4,098
10
-519
3,589
1,470
-40
104,176
2,720
-58
5,127
-14
-1,218
3,895
-5
11,598
112,484
12,232
14,131
2
-1,621
4,174
*
-540
3,634
12,713
-*
-78
12,635
40,467
-12
-4,799
35,656
11,663
-*
-112
11,551
3,157
-1
-476
2,680
11,479
-1
____ -2
11,476
-*
39,187
-14
-5,723
33,450
4,378
-2
-500
4,509
-2
-954
3,554
11,652
*
-9
11,643
11,603
May
4,214
*
-499
3,716
3,631
-2
-1,017
2,613
12,959
-*
-853
12,105
Comparable
Cumulative period
to date
fiscal
1977
1/2/
_*
-3
12,230
3,876
12,512
1
VO
00
98,690
!!
g
a
0
CO
316
-5I?
-240
323r
63r
63 r
6,159
-36
-215
5,9
199
9
-9
328
-18
37
7,431
-25
-7,080
326
129
-55
-9
2,257
2,257
2,765
-27
-244
2,494
-1,355
33,630
2,880
--31
-5
2,844"
34,720
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to reflect
certain Export-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
2,797
-35
-40
2,722'
^973"
35,097
224
-28
-14
182
414
-24
-13
366
-32
-13
167
24
-25
9,129
2,320
-6,855
2,274
-3
2,317
2,936
-22
-6
2,908
3,132
-26
-348
- 51k
38,790
36,864
6,590
-107
-247
6,236
-4,063
37,646
3,068
-44
-396
2,628
393
-16
-22
2,050
3,399
-35
-11
3,353
3,128
-26
-11
ss=m
36,918
154
-7
-16
416
-19
-22
33,787-
40,004
-
-6,855
12,078
-30
-4,993
_
-
2,050
153
50
7,249
7,055
3,355
-52
-8
3,295
3,416
-112
6,852
-31
-203
6,617
35,877
-457
-1,238
34,182
31,686
-434
-1,220
-703
35,724
-1,284
36,670
-13,553
-12,106
335,825
^ 299,319
3,296
38,602
§
W
W
§
1
30,032
negative outlays.
If Due to Budget reclassifications and new functions, the monthly totals
2/
3/
*
r
may not add to cumulative totals.
Budget outlays are revised to reflect Earned Income Credit payments m
excess of an individual’
s tax liability, formerly treated as outlays,
and now classified as income tax refunds.
Details for the months of July 1977 through January 1978 are not available,
therefore figures will not add to total net budget outlays.
Less than $500,000.
Revised.
VO
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1978 (Est.).........
1979 (Est.).........
1977-June...........
July...........
Oct............
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
May............
June...........
Fiscal 1978
to date..........
-
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,645
-4,706
-3,158
Federal
Federal
Supple
Disability Federal
Hospital
mentary
Insurance
Insurance Medical
Trust
Trust Fund Insurance
Fund
Trust Fund
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
-2,211
-349
229
590
693
377
-146
1,338
3,642
1,897
1,181
67
-36
730
1,632
1,344
661
8
354
128
85
176
-237
-307
1,059
242
-1,289
1,570
-1,504
723
1,995
-1,909
-337
-6
-221
-398
294
309
-1,056
151
891
120
-249
817
-3,407
-88
881
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
Airport
Highway
and
Airway
frust Fund
Trust Fund
878
1,058
593
183
534
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,127
1978 (Est.)..........
1979 (Est.)..........
407
183
1977- June...........
July...........
1977................. .
Sept...........
Nov............
Dec............
1978-Jan............
Feb............
Mar............
Apr............
May............
June...........
Fiscal 1978
to date............
*
*
-1
-
-*
*
*
1
_
Treasury
Department
Government National
Federal
Federal Mortgage Assn.
Insurance
Housing
Partici
Adminis
Adminis pation
tration
Oilier
tration Sales
Fund
165
4^5
-8
32
-131
-369
-8
28
128
197
-6
14
-202
109
-8
1
6
299
31
-4
63
184
1
5
200
12
223
-8
118
261
12
29
28
27
2
2
190
-95
17
-3
138
-78
-274
-4
145
72
-7
-14
_
66
204
180
-94
99
127
*
*
*
*
*
_
*
-*
*
*
*
14
_■*
49
19
-10
6
7
*
49
-15
10
6
*
1,575
*
52
Veterans
Administration
Transportation
Department
Fiscal year
or month
Other
77
-345
244
221
222
531
148
-148
14
988
-334
-228
-240
-467
-335
-64
-157
93
193
258
-26
417
-1,091
-1,252
1,732
-1,019
-2,247
-49
-698
Housing and Urban Development Department
National
Service
Life In
surance
Fund
5
86
83
62
272
178
111
215
25
219
940
591
-747
-5
1,380
1,201
353
-566
-920
56
40
525
“
272
212
142
51
-50
-132
42
17
143
33
60
41
42
55
149
271
190
31
-57
-50
14
345
157
155
191
195
88
380
-17
-13
43
-5
-11
-27
, 42
2
-1
-32
-38
-138
-32
584
1,474
-235
Other
29
14
20
29
26
30
27
42
20
*
-21
20
37
3
53
-10
20
11
40
-126
153
24
2
-2
1
1
3
-1
-*
8
-1
3
60
-44
166
29
Federal
Civil
Deposit
Service
Insurance
Commission Corpora
tion
40
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,428
313
328
180
438
537
225
404
470
-128
855
54
29
7,321
7,606
379
1,045
206
3
4
-2
-1
2
214
-27
-9
-22
-18
-30
205
39
-1
-3
-2
-2
-2
40
-1
-2
-2
-2
-7
a
-348
-185
7,276
-432
-225
1,083
-359
-172
-266
-409
-132
1,099
315
62
185
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1979- Budget of the
U.S. Government, released January 23, 1978,
Note: Figures may not add due to rounding.
* Less than $500,000.
Federal
Savings
and Loan
Insurance
Corpora
tion
_
Labor Department
Other
-3
_
2
5
9
15
8
7
-47
21
27
Unemploy
ment Trust
Fund
_
*
-2
-7
-2
-
-1,428
1,144
1,165
-4,938
-2,373
104
1,073
3,600
5,200
_
_
7
-1
-1
_
“
-744
.
_
-80
1,312
-847
-269
543
-772
_
_
_
_
-
Other
*
*
-*•
-*
-*
938
488
1
H
£<1
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
-
_
_
_
-
_
_
-5
-2
_
_
_
_
-553
308
-691
528
3,582
-848
5
14
19
-18
”
1,830
38
Postal
Service
Railroad
Retire
ment
Board
-
-2
_
_
_
All
other
Total
8,522
10,062
7,417
8,420
11,821
14,813
7,031
4,341
-3 51Z.
9,24?
10,445
15,086
283
173
196
148
257
378
316
368
135
424
362
467
1,370
-280
-292
-90
125
599
-160
59
268
-9
-110
24
-60
-290
-246
-660
-171
129
230
-84
-378
-204
237
-145
26
67
110
165
2,030
-1,682
145
242
312
23
448
89
-108
134
67
24
22
89
13
15
84
25
20
98
11
12
-22
33
147
-162
-98
-777
1,572
-14
195
-226
-146
-422
36
-150
258
1,131
-282
16
-175
-235
-12
-77
-64
-<70
-145
-289
-3
1,316
-173
-4
36
-7
84
168
-189
43
-29
4
2
107
-129
1,767
-2,460
3,114
3,629
-3,296
1,685
961
-3,370
2,721
-1,462
849
5,536
1,990
310
275
1,103
421
61
5,615
4
19
179
4
-578
108
127
_
_
I
Table FFO-7. - Trust Funds Transactions October 1, 1977 through June 30, 1978
(In millions of dollars)
Outlays
Receipts
VO
Interfund transactions
Classification
Trust
Total in interfund Receipts Interfund
trans
and pro of trust actions
trust
prietary funds
funds
2/
receipts
1/
Unified
budget
receipts
attrib
utable
to trust
funds
Total in
trust
funds
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
If
(2)
(1)
Federal Old-Age and Survivors
Federal Supplementary Medical
Federal Employees Life and
Federal Deposit Insurance
General Revenue Sharing............
Total...........................
56,969
9,255
13,971
*
*
6,867
8,036
_
-
-
-
7
(6)
(4)
(5)
56,,969
9,,255
13,,971
3,333
476
1,803
53,636
8,779
12,169
60,319
9,330
13,272
_
,867
8,,029
5,084
5,590
1,782
2,439
5,360
8,190
-
-
-360
-
-
-
-
-
-
-
1,177
6,855
5,680
6,211
361
365
6,945
1,,177
6,,855
5,,680
213
645
964
6,855
5,036
3,,349
10,,771
487
186
123,,596
2,044
1,090
487
118
20,883
1,306
9,681
68
102,713
6,211
3,349
10,771
848
551
130,541
(7)
(3)
Source:
Based on the Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budget
presents the trust fund receipt and outlay data on the same concept as
columns (3) and (9) above. Trust interfund transactions are payments
from one fund to another trust fund and are excluded in calculating
trust fund receipts and outlays. The intragovernmental transactions
are payments from Federal funds to trust funds, and vice versa, but
-
Outlays
Federal
of trust payments
funds
and con
tribu
tions
(9)
(8)
*
*
60,319
9,330
-
-
124,849
7
361
365
6,937
(16)
3,333
476
1,803
56,986
8,854
11,469
-3,351
-76
699
4,863
15
2,362
222
3,165
48
5,084
5,590
276
2,592
1,506
-154
-
-
-
-
-
-360
360
-360
-
-
(15)
13,272
-
-
(14)
17
-
6,211
(13)
Excess of
receipts
or outlays
(-)
2,048
233
771
-
-
Total
4/
00
674
113
154
5,360
8,183
-
Other
Unified
budget
outlays
attrib
utable
to
trust
funds
611
130
860
7
-308
607
5,118
4,229
6,223
2,939
8,916
488
525
(10)
Interest
and pro
Federal
employer fits on
contri invest
butions ments in
Federal
securities
(12)
(11)
-308
607
5,118
4,229
12
2,939
8,916
127
161
117,904
-
-
-
-
250
31
6,760
1,618
4,921
213
645
“
193
242
486
7
8,224
exclude $143 million in trust fund payments to Federal funds.
1/ For content see columns 7 and 8.
For
content see columns 10-13.
2/
3J Includes net taxes and other receipts, mainly deposits by States and
Federal employee retirement contributions.
kj Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
* Less than $500,000.
-
-
213
-
645
-17
848
2
80
978
2,044
1,090
487
118
20,883
-308
394
5,118
3,585
12
895
7,826
-360
43
97,021
308
570
1,737
1,451
-12
411
1,855
360
26
5,691
w
d
M
>
t-*
*4
HH
CG
O
>
I-*
o
•"d
H
»
i— i
o
2
co
Treasury Bulletin
12
____ FEDERAL FISCAL OPERATIONS*—
Table FFO-9. - Detail of Excise Tax Receipts
(In thousands of dollars)
Second Quarter
Fiscal year
Type of Tax
Comparable prior
period 27/
1975
Fiscal year
1977
1977
Jan. - Mar.
Jan.
1978
- Mar.
O
Alcohol taxesi. 1/
Tobacco taxes.: 1/
Manufacturers» .excise taxes:
Retailers' excise taxgsj.
Miscellaneous excise taxes:
3,365,162
177,113
1,308,583
5,350,858
3,877,986
178,638
1,342,430
3,827,460
180,676
1,398,497
971,553
42,741
2££,942
1,094,967
5,399,055
5,406,633
1,298,236
1,467,107
51,226
2,261,116
2,748
49,053
2,461,803
3,466
37,128
2,357,519
3,854
8,424
650,818
1,007
8,621
675,410
1,123
2,315,090
2,514,321
2,398,501
660,249
685,154
3,980,412
91,053
697,660
3,343
534,158
125,052
11,331
21,899
29,435
21,735
546
-11
5,516,611
4,180,860
95,586
757,055
-212
360,862
133,042
12,743
22,094
31,636
24,110
4,661
493
5,622,931
4,322,077
100,929
792,957
-2,657
598,084
159,287
13,352
25,416
32,554
22,286
4,376
2
6,068,682
1,076,468
23,862
190,211
-1,824
124,740
37,139
2,995
5,611
1,025
5,712
2,005
1
1,114,386
25,442
197,379
52
197,245
40,586
3,649
6,366
836
5,838
3,107
1,467,945
1,594,885
11,127
22,573
370,489
-2
10,677
29,106
390,238
15
10,390
30,014
440,190
8
1,247
7,875
108,515
7
2,397
7,776
115,615
8
404,187
430,037
480,602
117,646
125,857
2,023,744
1,879,268
1,708,778
446,921
464,520
750,641
47,332
52,594
103,769
6,826
227
5,540
20,959
832,218
45,795
54,196
6,425
1,046
5,117
21,601
957,251
55,147
58,296
6,563
776
6,632
22,788
243,852
12,824
13,582
147
60
1,938
4,770
275,720
15,870
15,724
_
202
101
2,248
4,201
207,663
280
19,458
65,069
63,828
324
6
1
550
360
39
39
219,912
342
28,128
62,277
59,859
310
9
95
952
950
102
712
479
232
41,373
113
8,626
4,040
3,640
35
-6
261
110
*
248
155
85
_
43,716
105
11,931
11,881
6,726
3,761
23
864
507
_
380
231
119
*
226,209
589
38,917
80,631
78,592
212
3
103
912
809
*
2,067
1,732
216
16
1
25
6
1
21
_
Transportation of:
Use tax on highway motor vehicles having a "taxable gross
Failure to timely file certain information returns 2 3 / .....
Investment which jeopardize charitable purposes 21/.......
-
Tax on excess contributions to
-
_
-
74
1
5
1,934
3,306,077
2,335
3,159,372
2
528
3,165,171
_
122
778,615
_
271
846,869
16,892,823
17,125,715
17,519,589
4,322,691
4,719,872
-45,082
273,403
313,118
-229,539
-504,565
16,847,741
17,399,118
17,832,707
4,093,152
4,215,307
Failure to file statement required
-
Total received with returns and from salfce of stamps..........
-
316*63^
,
August 1978
13
.FEDERAL FISCAL OPERATIONS*
Footnotes to Table FFO-9.
Source:
Internal Revenue Service reports. The figures shown include
collections for credit to special accounts for certain island
possessions. Floor stock taxes are included with the related
classes of tax.
Note: Detail may not add to totals because of rounding.
2/ Releases showing details are published quarterly.
2/ Includes taxes on cigarette papers and tubes and miscellaneous tobacco
collections.
2/ Taxes on passenger automobiles and light turcks repealed December 11,
1971 under the Revenue Act of 1971. These data reflect refunds.
U Includes taxes on items which were repealed by Public Laws 87-456,
88-36, and 89-44.
5/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 3 cents per gallon.
6/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 7 cents per gallon.
1 / Rate of 6 percent effective January 1, 1976 (Public Law 91-614).
£/ Under the Airport and Airway Revenue Acc of 1970, effective July 1,
1970, rate increased from 5 to 8 percent on domestic airline passenger
fares.
2/ Under the Airport and Airway Revunue Act of 1970, effective July 1,
1970, rate 5 percent.
10/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, tax of $3.00 per person.
11/ Terminated effective June 30, 1975.
12/ Tax increase from $50 to $500, effective December 1, 1974 (Public Law
93-499).
13/ Rate reduced from 10 percent to 2 percent effective December 1, 1974
(Public Law 93-499).
14/ $25 per year with an additional 2 cents per pound on nonturbine engine
powered over 2,500 pounds, or 3-1/2 cents per pound on turbine engine
powered.
15/ 4 percent of net investment income.
16/ Disqualified persons, 5 percent of amount involved^ foundation mana
ger, lesser of $10,000 or 2-1/2 percent. If not corrected within 90
days, 200 percent on disqualified person and lesser of $10,000 or 50
percent on foundation manager.
12/ Foundation, 5 percent of excess holdings. If not corrected within 90
days, 200 percent.
18/ Foundation, 10 percent of improper expenditure foundation manager,
lesser of $5,000 or 2-1/2 percent. If not corrected within 90 days,
foundation, 100 percent; foundation manager, lesser of $10,000 or *
50 percent.
12/ Penalty of $10 per day, not exceed $5,000.
20/ Foundation, 15 percent of amount which should have been paid out. If
not corrected within 90 days, 100 percent.
ZL/ Foundation, 5 percent of investment which jeopardizes exempt purpose
foundation manager, 5 percent not to exceed $5,000. If not corrected
within 90 days, 25 percent on foundation and another 5 percent ( up
to $10,000) on the manager.
22/ Tax of 6 percent on excess amount and tax on underdistribution
(50$). Separate detail not available.
22/ Tax of 50 percent on underdistribution.
Zk/ Tax of 5 percent of prohibited transaction. If not corrected within
90 days, additional 100 percent tax can be imposed.
25/ Tax of 5 percent on accumlated funding deficiency.
26/ Tax of $10 per day up to $5,000.
27/ The Congressional Budget and Impoundment Act of 1974 (P.L. 92-344)
effective with fiscal year 1977. For comparative purposes, data
are for period beginning October 1, 1975, through September 30 1976.
* Less than $500,000.
Treasury Bulletin
14
.FEDERAL FISCAL OPERATIONS.
Table FFO-9. - Detail of Excise Tax Receipts
(In thousands of dollars)
First Quarter
Type of Tax
Fiscal year
1975
Comparable prior
period 27/
Fiscal year
1977
1976
Oct. - Dec.
1977
Oct.- Dec.
Alcohol taxes: 1/
Distilled spirits.......................................
Wines.................................................. .
Beer................................................... .
3,865,162
177,113
1,308,583
3,877,986
178,638
1,342,430
3,827,460
180,676
1,398,497
909,641
47,387
297,927
284,006
Total alcohol taxes.................................... .
5,350,858
5,399,055
5,406,633
1,254,955
1,235,752
51,226
2 , 261,116
2,748
49,053
2,461,803
3,466
37,128
2,357,519
3,854
11,714
416,833
764
9,170
402,703
954
2,315,090
2,514,321
2,398,501
429,311
412*,826
3,980,412
91,053
697,660
3,343
534,158
125,052
11,331
21,899
4,180,860
95,586
757,055
-212
1,113,366
24,361
169,538
1,162
1,140,710
27,746
546
-11
133,042
12,743
22,094
31,636
24^110
4,661
493
4,322,077
100,929
792,957
-2,657
598,084
159,287
13,352
25,416
32,554
22,286
4,376
2
Tobacco taxes: 1/
Cigars................................................. .
Cigarettes............................................. .
Other 2/...............................................
Total tobacco taxes.................................... .
M s^ufacA ures1 excise taxes,:
Gasoline............................................... .
Lubricating oil, etc....................................
Tires, tubes, and tread rubber...........................
Passenger autombile chassis, bodies, etc. 2 / ............ .
Trucks and buses, chassis, bodies, etc. 2 / ...............
Parts and accessories for autombiles, trucks, etc....... .
Pistols and revolvers.................................. .
Fishing rods, creels, etc.............................. .
Firearms (other than pistols and revolvers).............
Shells and cartridges.................................. .
Bows and Arrows........................................ ,
Other U ............................................... .
mu
360,862
,
907,784
43,963
208,256
37,127
2,888
3,677
8,335
6^475
1,508
717
181,419
44,668
3,162
3,942
8,263
6,788
2,144
-5
124,608
5,516,611
5,622,931
6 068,682
1,493,045
1,627,810
Retailers1 excise taxes.:
Noncommercial aviation gasoline 5/.......................
Noncommercial aviation fuel other than gasoline 6/...... .
Diesel and special motor fuels......................... .
Other I j ...............................................
11,127
22,573
370,489
2
10,677
390,238
15
10,390
30,014
440,190
8
3,984
6,861
105,438
3,388
8,037
117,878
Total retailers' excise taxes..........................
404,187
430,037
480,602
116,284
129,302
2,023,744
1,879,268
1,708,778
468,419
425,063
750,641
47,332
52,594
103,769
6,826
227
5,540
20,959
832,218
957,251
55,147
58,296
226,869
12,980
16,526
264,782
15,074
18,118
6,563
776
6,632
22,788
160
57
1,302
1,156
272
61
1,437
545
207,663
280
19,458
65,069
219,912
226,209
589
38,917
80,631
78,592
212
3
103
912
809
*
2,067
1,732
216
16
15,012
82
8,082
4,833
4,288
74
16,393
81
11,878
5,001
4,416
233
34
298
139
*
37
15
232
102
Total manufacturers' excise taxes.......................
Miscellaagpus excisg.JaxesJt.
Telephone and teletypewriter exchange service 2/........
Transportation of:
Persons by air 8 j ....................................
Property by air 2/...................................
Use of international air travel facilities 10/..........
Sugar 11/..............................................
Coin-operated gaming devices...........................
Wagering occupational tax 12/.......................... .
Wagers 13/.............................................
Use tax on civil aircraft 1U ..... .....................
Use tax on highway motor vehicles having a "taxable gross
weight" exceeding 26,000 pounds.........................
Firearms transfer and occupational taxes................
Foreign insurance......................................
Exempt organization, total...............................
Net investment income 15/..............................
Self dealing 16/.......................................
Excess business holding 17/............................
Taxable expenditures ...................................
Failure to timely file certain information returns 19/...
Failure to distribute income 20/........................
Investment which jeopardize charitable purposes 21/.....
Employee pension plans, total......................... .
Excess contributions to an IRA 22/......................
Prohibited transactions 23/............................
Tax on underistribution from an IRA 2U .................
Tax on excess contributions to an HR-10 Plan 22/.......
Failure to meet funding standards 25/...................
Tax on excess contributions to
custodial accounts 22/................................
Failure to file statement required
by section 6047 or 6058 26/...........................
Other i j .................................................
63,828
324
6
1
550
360
39
39
29, 106*
45,795
54,196
6,425
1,046
5,117
21,601
28,128
62,277
59,859
310
9
95
952
950
102
712
479
232
1
33
1
1
198
151
31
2
1
7
25
74
1,934**
2,335r
Total miscellaneous excise taxes.........................
3,306,077
3,159,372
Total received with returns and from sales of stamps.......
16,892,823
17,125,715
Unclassified excise taxes.................................
-45,082
273,403
Total excise taxes........................................
16,847,741
17,399,118
2
528r
337
-14
3,165,171
755,851
758,889
17,519,589
4,049,446
4,164,579
313,118
17,832,707 '
415,944
476,263
"4,465,389
“4,640,843
August 1978
15
.FEDERAL FISCAL OPERATIONS.
Footnotes to Table FPO-9.
Source:
Internal Revenue Service reports. The figures shown included
collections for credit to special accounts for certain island
possesions. Floor stock taxes are included with the related
classes of tax .
Note: Detail may not add to totals because of rounding.
1/ Releases showing details are published quarterly.
2/ Includes taxes on cigarette papers and tubes and miscellaneous tobacco
collections.
2/ Taxes on passenger autombiles and light trucks repealed December 11,
1971 under the Revenue Act of 1971. These data reflect refunds.
i j Includes taxes on items which were repealed by Public Laws 87-456,
88-36, and 89-44.
5/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 3 cents per gallon.
£/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970 rate 7 cent per gallon.
2/ Rate of 6 percent effective January 1, 1976 (Public Law 91-614).
2/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, rate increased from 5 to 8 percent on domestic airline passenger
fares.
2/ Under the Airport and Airway Revenue Act of 1970, effective July 1,
1970, rate 5 percent.
10/ Under the Airport Airway Revenue Act of 1970, effective July 1,
1970, tax of $3.00 per person.
11/ Terminated effective June 30, 1975.
12/ Tax increase from $50 to $500, effective December 1, 1974 (Public Law
93-499).
13/ Rate reduced from 10 percent to 2 percent effective December 1, 1974
(Public Law 93-499).
1U $25 per year with an additional 2 cents pwe pound on nonturbine engine
powered over 2,500 pounds, or 3-1/2 cents perpound on turbine engine
powered.
,
15/ 4 percent of net investment income.
16/ Disqualified persons, 5 percent of amount involved; foundation managers
lesser of $10,000 or 2-1/2 percent. If not corrected within 90 days,
200 percent on disqualified persons and lesser of $10,000 or 50 percent
on foundation manager.
12/ Foundation, 5 percent of excess holding. If not corrected with 90 days,
200 percent.
12/ Foundation, 10 percent of improper expenditure foundation manager,
lesser of $5,000 or 2-1/2 percent . If not corrected within 90 days
foundation, 100 percent) foundation manager, lesser of $10,000 or
50 percent.
12/ Penalty of $10 per day, not to exceed $5,000.
20/ Foundation, 15 percent of amount which should have been paid out. If
not corrected within 90 days, 100 percent.
21/ Foundation, 5 percent of investment which jeopardizes exempt purpose;
foundation manager, 5 percent not to exceed $5,000. If not corrected
wi thin 90 days, 25 percent on foundatipn and another 5 percent ) up to
$10,000) on the manager.
22/ Tax of 6 percent on excess amount and tax on underdistribution
(50$). Separate detail not available,
23/ Tax of % percent of prohibited transaction. If not corrected within
90 days, additional 100 percent tax can be imposed.
2Jj Tax of 50 percent on underdistribution.
25/ Tax of 5 percent on accumulated funding deficiency.
26/ Tax of $10 per day up to $5,000.
22/ The Congressional Budget and Impoundment Act of 1974 (P.L. 93-344)
.established a new fiscal period ( October 1 thourgh September 30)
effective with fiscal year 1977. For comparative purposes, data
are for period beginning October 1, 1975, through September 30, 1976.
* Less than $500,000.
Treasury Bulletin
16
.FEDERAL OBLIGATIONS.
"Obligations" are the basis on which the use of funds
of categories which are based upon the nature of 'the trans
They are recorded
action without regard to its ultimate purpose. All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
is controlled in the Federal Government.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
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.
In Table
FO-1, obligations that are incurred within the Government are
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Government's
distinguished from those incurred outside the Government.
Tables FO-2, 3> and b show only those incurred outside.
operations on the national economy, since it frequently rep
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September
1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April
1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the reconmendations of the President's
Commission on Budget Concepts.
August 1978
17
.FEDERAL OBLIGATIONS.
Table PO-1 - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, February 28> 1978
__________________________________________(In millions of dollars)_____________________________________
Gross obligations incurred
Object class
Outside
Within
Personnel compensation.......
Personnel benefits...........
Benefits for former personnel.
23,300
QQfltraqW- services apfl.supp^s
23,300
2,571
4,314
g&888888888
2,077
m
4,314
m m ®
786
730
1,710
370
23,290
13,554
252
751
1,319
208
9,504
5,071
1,038
1,481
3,029
579
32,794
18,624
Acquisition of capital assets
Equipment..................
Lands and structures.......
Investments and loans......
9,766
2,393
13,025
2,657
1,331
53
12,423
3,724
13,078
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities....
Interest and dividends..............
Refunds.............................
44,86t
59,742
17,063
13
5,144
44,874
59,742
22,206
398
-104
3,120
89
1,101
571
1
977
3,691
90
218,901
30,052
248,953
Travel and transportation of persons.
Transportation of things............
Rent, communications, and utilities..
Printing and reproduction...........
Other services......................
Supplies and materials..............
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...................
Gross obligations incurred 1/.,
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
-
presentation and therefore may differ somewhat from the Budget
document.)
248,953
Gross obligations incurred (as above)........
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts........................
Net obligations incurred...................
-
41,128
-24,965
182,860
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, February 28, 1978
________________(In millions of dollars)______________
Major object class
Major function
Personal
services
and
benefits
Contractual
services and
supplies
National defense.......................
International affairs..................
General science, space, and technology..
Natural resources and environment......
18,839
240
Agriculture............................
Commerce and transportation............
Community and regional development.....
Education, manpower, and social services
Health................................
Income security......... ..............
Veterans benefits and services.........
Law enforcement and justice............
General government.....................
General revenue sharing................
Interest...............................
330
1,407
243
376
*
Less than $500,000.
369
1,239
202
669
950
1,491
560
1,191
1
25,809
919
1,898
2,189
3,116
568
715
115
378
1,903
513
607
183
1,505
Acquisition of capital assets
Equipment
9,037
6
58
186
119
5
181
2
19
17
3
74
12
-
*
22
46
*
-
28,108
40,440
9,766
Lands and
structures
Investments
and loans
Grants
and
fixed
charges
730
_
140
1
106
884
272
1
213
33
5
46
1
648
645
-
195
1,547
31
2,298
4,061
2,178
11,417
13,770
57,677
6,086
62
22
18
2,393
11
7,741
1,185
3,030
3
36
114
67
Other
Total
2,999
302
57,554
2,760
-
2,625
6,054
3,818
-3
77
-959
592
88
1
-16
-
633
295
191
5,231
15,857
-19
39
1
1
-
13,025
122,063
3,105
-
9,984
8,354
5,691
12,200
16,427
59,240
8,426
1,412
3,055
5,233
16,070
218,901
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, Fedruary 28, 1978
00
(In millions of dollars)
Personnel services & benefits
Classification
Benefits
Personnel Personnel for
compen
benefits former
sation
personnel
1/
i
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Agriculture Department:
Commodity Credit Corporation......
Commerce Department..................
Defense Department:
Military:
Department of the Army...........
Department of the Navy...........
Department of the Air Force.....
Energy Department.....................
Health, Education, and Welfare
Department..........................
Housing and Urban Development Dept:
Government National Mortgage
Association........................
Housing for the elderly or
handicapped JS/.....................
Interior Department..................
Justice Department...................
State Department......................
Transportation Department............
Treasury Department:
Interest ion the public debt.......
Interest on refunds, etc...........
General revenue sharing............
Environmental Protection Agency.....
General Services Administration.....
National Aeronautics and Space
Administration.......................
Other independent agencies:
Export-Import Bank of U.S........1.
Small Business Administration.....
Tennessee Valley Authority.........
Total.............................
Off-budget Federal agencies 4/:
105
li*
_
_
*
24
50
11
_
_
*
-
*
2
748
-
*
*
269
*
1
Travel and
Rent, com
trans
Transpor munications ,
portation tation of and
of persons things
utilities
*
_
*
2
_
*
1
3
1
1
1
*
*
42
12
45
11
1
32
..... 19
234
117
85
13
*
159
228
146
28
#
Printing
and
repro
duction
13
_
136
_
2
1
*
*
♦
Sup
Other plies
ser
and
vices mate
rials
5
15
_
_
*
235
Grants and fixed charges
Lands
and
struc
tures
Invest
ments
and
loans
_
1
_
_
_
_
_
_
_
279
17
2
261
85
_
46
_
30
4,813
5,033
, 30
1,482
4,584
342
Equip
ment
12
_
*
_*
*
*
43
34
76
8
784
16
2
4
49
99
61
384
228
14
*
-
21
20
55
2
199
244
171
247
*
175
11
5
4
1,667
6,498
3,113
634
10
1,766
3,464
2,481
2,296
1,181
3,732
3,876
79
115
203
136
46
_
_
_
m ... 11,922
10,007
8,868
500
-
31
12
15
271
417
526
_
52
19
47
36
4
2
*
Grants,
subsidies
and con
tributions
1
_
_
_
_
289
1
253
2
_
_
_
-
30
1
107
20
_
2
-
80
1,527
335
_
_
_
143
*
643
257
*
-1,050
131
11
10
4
45
5,725
12,038
836
2
4
*
*
34
40
2
2
40
34
*
*
*
*
12
1
-1
-1
>*
1,923
1
637
200
78
12
-1
2,761
3
32
*
_
_
_
*
13,554
1,182
-
14,598
461
3,738
449
561
861
1
*
4
12
1
2
4
101
3
^47
4,776
13
33
3
56
1
663
"
-
-
-
13
"
-
"
52
8
*
*
1
88
1
*
*
183
29
653
1,113
24
22
9
17
32
3
3
1
11
9
38
25
17
12
74
1
1
_*
513
68
76
15
284
54
44
8
3
110
25
11
5
4
152
303
17
1
3
14
18
-
_
_
-
_
_
-
_
_
_
17
*
*
_
_
_
64
55
299
_
_
24
3
592
_
_
8
5
37
1,489
223
49
294
*
1,086
"
-
“
-
*
“
14
_
-35
_
-
9
-
126
3
34
_
-
-
19
-
-
26
4
688
38
*
1
_
_
_
*
_*
*
_
_
-1
_
_
-2
_
*
*
*
503
416
5,641
292
1,503
137
_
_
_
16
2
17
_
_
_
446
_
_
_
3
4,953
5,353
766
9
_
_
_
48,470
*
#
15,722
132
_
_
_
_
_
_
_
_
_
1
_
_
544
_
1
_
25
74
54
62
_
258
1
1,608
4,357
121
*
*
810
10
*
*
140
7
_
_
_
_
-55
139
4
352
681
_
328
33
2,282
*
4,680
114
*
190
38
13,025
44,861
59,7^2
17,063
“
518
458
151
128
835
_
32
*
*
340
*
_
888
97
242
_
_
-
_
_
♦
*
37
6
3
23
_
_
_
68
7
244
260
1,464
_
-
*
_
7
33
3
5
37
45
2
*
4
45
. 303
356
_
-
*
3
3
24
_
*
36
3
*
1
11
35
*
*
*
-
_
*
158
3
16
128
1,649
23,300
494
4,314
786
730
1,710
370
23,290
13,554
9,766
2,393
4,627
-
23
13
428
168
-3
51
54
16
53
-
-
13
*
-
_
*
_
_
_
_
_
_
_
556
_
_
4
-
-
*
*
1
*
1
*
*
_
_
>
4
4,631
-
23
13
428
169
-3
52
54
16
53
556
-
*
7
*
3
1
Source:
Reports on Obligations, Standard Forms 225, from agencies.
'
Note:
Agency shifts are shown in this table beginning with the periods of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1 / For purposes of this report this object class is considered as totally within the Federal Government except
for the Department of Defense and Transporation Department, U.S. Coast Guard.
2/. Includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
9
268
-
64
_
_
3
146
*
*
«
-4
“
3f
*
Total
gross
obliga
tions
incurred
_
*
13
2
4
3,719
291
208
Obliga untions in vouchcurred
ered
abroad
_
_
69
142
250
"
Other
Insurance
Undistrib
Interest
claims
and
Refunds uted U.S.
and indem dividends
obliganities
tions
.
_
_
4,478
5,290
4,228
596
...
6
Rural Electrification Administration
Pension Benefit Guaranty
Corporation........................
Total Off-budget Federal
_
•Acquisition of
capital assets
Contractual services and supplies
*
17
24
_ ,
_
_
43
“
11,985
19,979
15,181
7,908
<?0
55,103
1,116
6,210
16,724
-
74
-
32
2,371
♦
_
1
_
2,027
1,071
6,936
663
3,106
_
_
_
_
_
_
15,722
135
4,953
55,943
942
1,492
39
_
_
1,928
8,582
_
_
_
_
"
1
_
_
_
_
_
43
‘
_
*
_
_
115
-1
-
37
-
416
747
1,794
9,729
398
-104
3,120
89
218,901
9
-
-
-
-
5,452
_
_
_
_
556
_
_
_
_
_
10
9
_
_
-
_
6,018
i
*
.
This fund was reclassified from an off-budget to a budgetary account pursuant to an act
approved Oct. 4, 1977*
Postal Service since July 1, 1973, Rural Electrification Administration revolving funds since May
12, 1973, and Pension Benefit Guaranty Corporation since Sept. 17, 1974.
Less than $500,000.
I
§•
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
(In million of dollars)
Si
Vi
FY 1978
FY 1977
Comparable
Period
Comulativ€ FI 1977
to date
Object class
Feb.
Mar.
Apr.
May
National defense:
Personal services and benefits:
Transportation of things.................
Acquisition of capital assets:
Grants and fixed charges:
1
'
Insurance, claims and indemnities......... '!
Interest and dividends.............. .
1i
Lands
structures.....................
Investment
loans.....................
Grants and fixed charges:
Grants subsidies and contributions......
Insurance claims nyi^ indemnities........
Interest flr>^ dividends.... .
Refunds..... ........ ......... ..... .
Other:
Undistributed U.S. obligations......
Obligations incurred abroad..............
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
2,794
46
695
2,832
127
698
2,505
131
705
3,018
143
701
1,817
117
666
3,618
163
751
5,378
200
754
2,921
71
741
2,949
220
746
2,698
6
750
3,510
158
747
2,562
6
753
34,641
461
3,737
13,349
772
3 294
67
99
124
4
1,869
1,697
85
128
179
4
2,395
1,758
90
99
156
6
2,653
1,989
75
121
87
3
1,587
1,561
99
103
159
6
1,470
2,253
48
62
106
3
1,352
1,454
119
132
111
2
1,123
1,337
151
240
145
10
2,886
2,128
70
139
141
4
3.981
1.982
105
116
127
6
1,945
2,186
64
95
168
9
2,030
2,215
129
125
281
1
3,772
1,909
83
87
149
175
1,974
1,737
451
562
867
195
13,703
10,029
361
536
732
36
31,957
8,773
1,628
265
-*
1,472
710
1,969
172
-
1,314
161
-
1,474
873
-
796
96
*
1,383
801
-
2,173
-1,004
1
2,004
40
-
1,744
100
1
1,724
204
*
1 729
*254
J,0_50
132
O AW
730
o, ?14
3 040
2
7
2
-15
5
7
2
1
1
15
-5
3
1
-1
10
1
1
6
2
2
2
6
3
2
2
23
-10
3
5
11
17
3
3
46
3
2
4
8
•2
2
14
8
2
2
14
7
1
2
3
8
3
2
39
78
33
9
39
55
14
-74
1,347
9
10,840
76
-2,437
-92
10,646
1
483
7
12,640
-1
681
9
10,951
-1
580
9
10,577
183
614
10
13,447
7
409
8
9,937
190
2,766
43
57,552
-1
2,660
40
52,159
1,677
11
110
1,931
7
141
1,660
105
8,659
32
577
7,797
34
768
67
41
144
28
1,959
317
336
168
842
175
9,588
3,523
309
389
661
152
5,630
3,298
157
2,413
729
1,663
.*'3,025
609
3,381
6,302
6,465
12,985
2,976
66
44,822
59,663
17,050
388
38,086
61,623
15,054
509
-294
354
161,346
556
285
42--143,089
218,901
195,248
,
1
-2
1
462
;
8
| 9,605
*
143
10
-95
573
8
88
393
7
3
562
10
10,434
11,292
8,751
10,883
1
207
8
6,746
1 1*189
5
131
1,708
9
180
1,619
6
110
1,590
6
120
1,690
9
178
1,543
8
119
1,777
7
59
1,904
6
7,188
1,631
9
173
1,760
43
60
8
22
1,101
452
69
46
136
21
1,220
438
71
47
116
28
1,108
446
64
10
124
29
1,074
480
77
15
131
30
1,304
1,046
62
38
126
27
616
409
72
24
125
30
1,352
707
97
67
156
56
2,129
126
64
50
151
33
1,600
1,382
66
36
144
38r
1 083
*546
63
20
133
43
1,100
841
77
21
270
34
84
148
1,454
97
177
1,304
83
257
2,117
132
205
1,457
115
181
1,390
120
597
868
179
8
2,899
294
911
5,750
100
438
1,716
105
315
1,823
180
167
3,800
209
586
3,273?
5,994
11,946
2,406
79
11,995
13,892
2,353
120
10,134
13,220
2,451
103
9,081
11,777
2,554
183
10,910
12,404
4,934
98
16,304
12,282
2,492
25
8,373
11,418
2,616
162
36,780
12,885
2,512
207
8,453r
11,6583?
2,623
69
7,804r
11,705*
U,719r
18
49
6
455
50
6
-30
121
9
35,736
34,803
44,709
538
155
10
30,512
41,352
-675
216
10
34,275
-149
54
7
28,798
-41
77
7
25,198
-618
75
7
31,380
42,671
Contractual services and supplies:
i
Travel and transportation of persons....
Transportation of things...............
Printing and reproduction,........ .
Aug.
2,583
151
657
Nonr-defgnge:
Personal services and benefits:
Supplies and materials.
Acquisition of capital assets:
July
VO
00
Contractual services and supplies:
Other:
June
37,549
34,555
45,439
42,482
70,619
81,266
161
49
8
30,366*
43,005r
48
10,382*
2,852
88
12,780a?
7,092
65
37
42
9
28,508r
-610
104
12
39,307r
33,521r
63
57
8
29,645
39,461r
49,883r
46,965r
39,585
lot m
99
55
102
9
...
12
Less than $500,(XX).
Revised.
vo
20
Treasury Bulletin
.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.
loan accounts with thousands of commercial banks throughout
The tax and loan account system permits the Treasury to
the country.
leave funds in banks and in the communities in which they arise
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
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.
econoDoy.
In this way the Treasury is able to neutralize the
^In most cases the transaction involves merely the transfer of
A detailed description of the Treasury's depositary system
money from a customer's account to the tax and loan account in
may be found in the Annual Report of the Secretary of 'the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(in millions of dollars)
Treasury operating ^balance 1/
Funds in process
of collection
through:
Time deposits
and other
Other
demand
interestaccounts
bearing
demand
2/
accounts
Total
1/
Federal
Reserve
banks
Other
deposi
taries i j
196#..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
Available funds in
demand accounts at:
Special
Federal depositaries, Other
Reserve Treasury tax deposi
banks
and loan
taries 2/
accounts
_
1,258
4,525
1,005
6,929
7,372
1,274
139
2,344
7,634
4,038
106
8,433
6,152
88
2,919
1,475
5,773
343
11,975
7
2,854
33,299
4,119
15,740
3,364
~
5,894
8,045
8,755
10,117
12,576
9,159
7,591
14,836
17,418
19,104
393
355
419
252
243
276
369
235
184
147
_
179
117
135
76
55
-18
31
158
218
187
54
41
19
35
70
195
175
1977-July..........
Aug...........
Sept..........
Oct...........
Nov...... .
Dec...........
1978-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
July..........
8,789
6,115
.5,740
6,398
2,562
7,114
.1,228
3,615
4,705
7,177
2,398
-1,614
L0,331
1,365
948
3,364
1,289
2,909
5,160
1,253
3,776
1,702
2,104
1,328
5,912
1,731
10,154
7,063
19,104
7,687
5,471
12,274
12,481
7,391
6,407
9,281
3,726
17,526
12,062
167
162
147
179
328
185
307
194
180
595
395
234
200
-38
2
31
*
-4
-1
72
30
26
113
1
69
*
162
202
175
168
135
100
100
98
98
102
102
93
93
End of
fiscal year
or month
_
-
Source:
Bureau of Government Financial Operations.
1/ Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.4
2/ Represents deposits in certain commercial depositaries that have been
concerted from a time deposit to a demand deposit basis to permit
greater flexibility in Treasury cash management.
2 / Will not agree with Daily Treasury Statement due to rounding.
i j Represents funds in process of collection by (a) the U.S. Treasury
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" columns.
_
_
_
_
_
_
355
100
55
355
-30
-30
-30
-30
-35
-35
-35
-35
190
-35
Coin
Miscel
currency
and coinage laneous
items
metal
Gold
balance
6/
Balance in
account of
the U.S.
Treasury
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
11,254
8,209
20,531
8,697
6,572
13,185
13,581
8,331
7,335
10,698
4,804
18,715
12,902
553
277
441
471
586
602
752
819
818
717
104
121
108
129
70
54
46
50
3
112
111
109
107
107
106
_
_
_
-
710
727
717
694
676
658
651
652
657
642
618
600
582
-1
-2
3
-1
-5
-1
1
-1
*
*
-5
2
-1
_
_
_
_
_
_
_
*
*
J5/ Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ The free gold balance can be readily converted to available funds with
Federal Reserve banks.
* Less than $500,000.
August 1978
_________________________________________ACCOUNT OF THE U.S. TREASURY —
Table UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances
(In millions of dollars)
__________________
Credits and withdrawals
Fiscal jspar
or month
Federal Reserve accounts 1/
Credits 2/
1968.....................
1969.....................
1970.....................
1971.....................
1972............. *.......
1973.....................
Withdrawals 2/
-
-
-
722,427
804,282
208,434
872,627
71,759
64,282
76,401
73,102
72,316
76,521
70,908
1978-Jan..................................................
77,164
71,338
87,530
89,045
90,580'
93,325
Feb.................
Mar ..................................................
Apr ........................ ..........................
70,834
Taxes 6/
Total
credits
2,678
2,603
2,578
2,849
3,314
3,270
3,104
3,366
3,676
910
3,908
361
320
348
294
284
293
289
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
22,239
19,571
19,926
25,867
19,210
19,064
27,144
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
22,600
19,891
20,274
26,161
19,494
19,357
27,433
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
23,410
19,598
20,691
23,745
21,569
17,737
25,182
382
351
367
3A6
367
313
297
20,825
28,855
28,955
23, 715
21,207
21,129
29,222
29,301
24,082
36,476
23,467
25,114
18,606
31,296
28,899
24,858
31,892
27,648
-
-
_
-
*
73,050
78,951
86,440
86,573
95,359
84,109
>2,117
Withdrawals
(transfers to
Federal Reserve
accounts)
Nonffiarketable
issues jjj/
19,114
15,825
16,683
19,375
15,812
10,571
9,072
2,897
-
-
-
725,280
810,481
209,758
875,071
68,537
57,888
73,727
82,727
62,974
72,685
75,460
Marketable
issues
_
-
-
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar.................
1977- July................
Aug.................
Sept................
Oct.................
Nov............ .
Tax and loan accounts
Proceeds from sales of securities y
-
20,778
36,163
23,170
Balances
Fiscal year
or month
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
T.Q......................
1977.....................
1976-Mar.................
1977-J«iy................
Aug.................
Sept................
Oct.................
Now..... ...........
Dec......... .
1978-Jan.................
Feb.................
Mar.... .
Apr........... .....
May.................
During period
End of period
Federal
Reserve
?
1,074^
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
7,144
8,789
6,115
15,740
6,398
2,562
7,114
11,228
3,615
4,705
7,177
2,398
11,614
10,331
High
Low
Tax and
loan
Federal
Reserve
Tax and
loan
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
868
1,365
948
3,364
1,289
2,909
5,160
1,253
3,776
1,702
2,104
1,328
5,912
1,731
2,197
1,586
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
9,820
12,851
8,895
15,740
15,740
6,171
9,963
11,228
10,412
'7,380
8,729
11,271
14,132
12,052
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
Source: Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
1/ Figures are from the revised Daily Treasury Statement, effective
July 1, 1974. Prior data not available.
2/ Represents transfers from Tax and Loan Accounts, proceeds from sales
of securities other than Government Account Series, and taxes.
2 / Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
4/ Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of U.S. Government secu
rities purchased by them for their own account, or for the account
of their customers who enter subscriptions through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the issues.
3,233
2,496
2,803
5,714
3,364
2,909
5,542
5,160
3,776
5,344
5,941
3,147
6,298
6,484
Federal
Reserve
9
7
7
7
397
2
2
*
*
2,854
1,204
4,885
5,874
3,921
3,116
4,056
1,199
1,881
4,833
3,407
1,553
2,595
2,398
2,160
7,997
Average
Tax and
loan
Federal
Reserve
Tax and
loan
1,029
709
894
846
1,737
800
520
7
67
287
118
954
706
1,077
973
1,894
2,342
2,102
2,786
5,105
7,824
8,035
457
381
250
118
380
66
116
343
284
248
61
525
89
79
7,653
8,843
6,025
6,956
6,627
2,399
5,640
7,519
5,707
4,706
5,001
6,516
7,577
10,512
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,410
1,234
1,351
2,147
1,519
1,169
2,219
1,562
1,382
1,712
1,737
1,476
2,562
1,458
Includes United States savings bonds, savings nates, retirement plan
and tax and loss bonds. United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March 1968.
£/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal In
surance Contributions Act beginning January 1950, and under the
Railroad Retirement Tax' Act beginning July 1951; a nuntoer of excise
taxes beginning July 1953; estimated corporation income taxes
beginning April 1967; all corporation income taxes due on or after
March 15, 1968 and FUTA taxes beginning April 1970,
* Less than $500,000.
2/
22
Treasury Bulletin
ACCOUNT OF THE U S. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets \j
End of calendar year or month
Gold liabilities £/
Ounces
196 7
196 8
.
196 9
197 0
197 1
197 2
197 3
.
197 4
197 5
197 6
1977-July,
Aug.
Sept,
Oet.,
Nov.,
Dec.,
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
342.331.278.6
296.199.012.3
296.202.494.6
306,630,399.9
289.490.759.6
273.950.419.3
273,954,660.5
275.968.413.1
274.705.260.3
274.679.167.8
274.625.554.2
274.625.554.2
274.625.047.2
274.625.047.2
274.625.047.4
277.544.111.9
277.543.238.4
277.543.238.4
27^,543,238.4
277.543.238.4
277.542.591.4
277,243,041.1
276,940,579.9
Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter,
l/ Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESP). See "International Financial Statistics," Table
IFS-1.
2/ Consists of: Gold certificates (Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited by and held for the International Monetary Fund from Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
11,982
10.367
10.367
10,732
10,132
10,410 2 /
11,567 1/
11,652
11,599
11,598
11.595
11.595
11.595
11.595
11.595
11,719
11.718
11.718
11.718
411.718
11.718
11,706
11,693
2/
11,870
10.256
10.256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11.595
11.595
11.595
11.595
11.595
11,719
11.718
11.718
11.718
11.718
11.718
11,706
11,693
Balance of gold in
U.S. Treasury account
112
111
112
109
113
107
107
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they were revalued at $38 pursuant to the Par Value Modification
Act, P.L. 92-268, approved March 31, 1972. The increment amounted to
$822 million. Gold assets were valued at $38'per fine troy ounce un
til October 18, 1973, when they were revalued at $42.22 pursuant to
the amending of Section 2 of the Par Value Modification Act, P.L.
93-110, approved September 21, 1973. The increment amounted to
$1,157 million.
August 1978
23
_________ MONETARY STATISTICS_______
Table MS-1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1970..............................
1971...............................
1972..............................
1976..............................
July.........................
Aug..........................
Sept.........................
Oct...'........................
Nov..........................
Dec............... ..........
1978-Jan..........................
Feb..........................
lifer..........................
Apr..........................
Way..........................
Federal
Reserve
bank
notes
1977-June,
July,
Aug.,
Sept,
Oct..
Nov.,
Dec.,
1978-Jan..
Feb..
Mar..
Apr..
May..
June.,
Total
currencies
National
bank
notes
Gold
certifi
cates 2/
Silver
certifi
cates
Federal
Reserve
notes 2 /
Treasury
notes of
1890
United
States
notes
57
55
54
53
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
3
3
3
3
3
223
220
218
215
213
212
211
210
209
208
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
294
297
321
320
320
321
322
322
322
317
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
87,947
49
49
49
49
49
49
49
20
20
20
20
20
20
20
3
3
3
3
3
3
3
208
208
208
208
208
208
208
1
1
1
1
1
1
1
•*
318
318
318
317
317
317
316
86,315
*
*
*
*
*
*
49
49
49
49
49
49
20
20
20
20
20
20
3
3
3
3
3
3
208
208
208
208
207
207
1
1
1
1
1
1
*
*
*
*
*
*
316
316
315
315
315
314
86,914
87,262
88,087
87,947
88,969
91,840
93,740
90,758
91,285
92,255
92,922
95,154
95,933
Coin
End of
fiscal year
or month
196 9
.
197 0
.
197 1
.
197 2
.
197 3
.
197 4
197 5
197 6
T.Q.....
197 7
Currencies Presently
being issu'ed 1/
Federal
Reserve
notes i j
86,663
87,488
87,349
88,372
91,243
93,143
90,162
90,690
91,660
92,327
94,560
95,339
Total Currency
and Coin in
circula
tion J5/
Currency and Coin in
circulation
per capita
(in dollars) 6/
50,936
54,351
58,393
62,201
67,771
73,833
250.65
265.39
282.03
297.84
Fractional
coin
Total
482
482
482
633
705
765
816
941
951
999
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
8,877
5,790
6,128
6,472
7,016
7,498
8,040
8,496
9,244
9,348
9,876
88,877
89,548
97,823
988
992
998
999
1,005
1,010
1,013
1,015
1,019
1,024
1,030
1,039
1,031
8,750
9,739
9,786
9,856
9,876
9,931
96,652
445.78
97,048
97,943
97,823
98,900
447.26
451.01
450.12
454.76
468.06
476.74
462.57
465.12
469.50
472.53
482.89
486.42
8,794
8,858
8,877
8,926
9,006
9,058
10,016
10,071
10,060
10,084
10,137
10,192
10,289
10,355
9,045
9,065
9,113
9,162
9,250
9,324
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.
i j Issued on and after July 1, 1929.
£/
81,196
101,856
103,811
100,819
101,369
102,392
103,114
105,443
106,288 2 /
322.11
348.44
380.06
413.17
415.37
450.08
Excludes Currency and Coin held by the Treasury and Currency and Coin
held by or for the account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated papulation.
7/ Highest amount to date.
* Less than $500,000.
r Revised.
24
Treasury Bulletin
CTBnPPAT. nB l C T
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
1976...................
1977-Mar...............
1977-June..............
July..............
Aug...............
Oct...............
Nov...............
1978-Jan...............
Feb...............
Mar...............
Securities held by:
Government accounts
Total 1/
Public
debt
securi
ties 1/
Agency
securi
ties
Total
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
680,141
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
669,207
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,394
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
146,758
685,249
684,592
695,435
709,138
707,693
718,232
729,164
674,425
10,824
10,728
10,312
10,298
10,290
10,260
10,221
153,013
151,204
673,864
685,174
698,840
697,403
707,972
718,943
150,553
153,666
157,295
153,999
155,684
156,645
731,821
739,650
747,844
746,431
751,412
758,804
721,595
729,753
737,951
736,589
741,598
749,024
10,226
9,898
9,893
9,842
9,814
9,780
153,275
155,996
154,534
155,383
160,919
162,910
148,744
151,860
155,490
152,195
153,888
154,849
151,480
154,182
152,7i8
153,563
159,093
161,085
Source*
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
The public 2 j
Public
debt
securi
ties
Agency
securi
ties
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
144,949
Total
Public
debts
securi
ties
Agency
securi
ties
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
543,350
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,998
9,730
3,493
9,124
1,805
1,809
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
533,383
1,809
1,808
1,807
1,805
1,804
1,796
1,796
532,237
523,221
534,039
541,819
551,843
553,694
562,548
572,519
1,795
1,814
1,816
1,820
1,826
1,825
578,546
583,654
593,310
591,048
590,493
595,894
525,119
533,314
543,350
545,207
554,084
564,094
570,116
575,570
58*,23J
583,026
582,504
587,939
524,258
9,015
8,920
8,505
8,493
8,487
8,464
8,425
8,430
8,084
8,077
8,022
7,988
7,955
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks, r Revised
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
End of
fiscal year
or month
Total
interestbearing
public
debt 1/
Computed annual interest rate
Computed
annual
interest
charge 2/
Total
interestbearing
public
debt 1/
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
197 7
1977-Mar..
. 351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
668,216
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
44.481
41,829
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
6.424
6.308
1977- July.
Aug..
Sept.
Oct..
Nov..
Dec..
671,386
6.352
6.384
1978- Jan..
Feb..
Mar..
Apr..
May..
June.
697.629
696,301
706,973
715,227
720,563
728,474
736,929
733,074
740,579
748,002
42,329
43,348
44.481
44,813
45,892
46,722
47,458
48,413
49^259
49,177
50,029
51,187
July..
749,462
51,657
684,081
Marketable issues
Treasury Bills
2/
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
6.481
6.508
7.340
4.516
4.188
6.591
Notes
Nanmarketable
Treasury
bonds
Other i j
Government
account
series 5/
8.416
6.322
6.253
5.819
5.784
5.656
5.167
5.668
6.420
6.519
6.312
6.412
6.529
7.058
7.352
7.356
7.066
7.196
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
6.120
5.935
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.603
5.581
4.555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.921
6.856
6.544
6.587
6.643
6.735
6.775
6.799
6.848
6.938
6.388
6.425
6.481
6.572
6.649
6.714
6.791
6.920
6.975
7.008
7.073
7.145
5.458
5.656
5.908
6.098
6.302
6.481
6.620
6 744
6.808
6.990
7.152
7.139
7.092
7.066
7.065
7.068
7.067
7.082
7.222
7.245
7.258
7.281
7.312
6.071
6.117
6.12C
6.123
6.185
6.188
6.245
6.327
6.330
6.332
6.433
6.436
5.580
5.587
5.603
5.609
5.612
5.619
5.635
5.636
5.655
5.662
5.662
5.668
6.870
6.899
6.921
6.937
6.973
6.984
7.018
7.059
7.076
7.107
7.133'
7.351
6.989
7.221
7.320
7.336
6.509
5.643
7.389
tiM .
Source:
Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
1/
end of each month or year should remain outstanding for a year at the
2/
applicable annual rate of interest. The charge is computed for each
2/
issue by applying the appropriate annual interest rate to the amount
outstanding on that date (the amount actually borrowed in the case of
ij
securities sold at a premium or discount, beginning with May I960).
The aggregate charge for all interest-bearing issues constitutes the
2/
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual interest charge for the total, or for
any group of issues, by the corresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
the rate of effective yield for issue sold at premiun or discount.
Prior to that date it was based on the coupon rate for all issues,
As of July 19/4, includes Federal Financing Bank.
Excludes Federal Financing Bank.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of July 31, 1974, Monthly Statement of the Public Debt of the U.S.,
the column heading was changed to "Government account series" which
includes Treasury deposit funds in addition to those accounts pre
viously shown as special issues.
25
August 1978
.FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Nonmarketable
End of
fiscal year
or month
.....
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q......
197 7
1977-Mar..
Total
interesthearing
public
debt
Bills
If
3517729“ 2'ga,io7. -W ;3 5 T
Treasury
notes
U.S.
Treasury
bonds
savings
bonds
I25765J-
78,946
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697.629
668,216
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443.508
435,379
161,505
156.091
93,489
104,807
113.419
117,840
128.419
150,257
191,758
206,319
241.692
164,264
229,625
41,490
232,837
671,386
154,227
154,283
156.091
156,174
156,656
161,081
231,371
238,084
241.692
245,587
251,104
44,650
45,778
45.724
45,674
47,102
47,045
241,138
245,935
254.121
161,221
161,817
165,652
159,640
159,391
159,757
160.092
257,077
258,472
262.179
262.180
261,612
265,310
266,586
1977- *ily.
Aug.,
Sept,
Oct..
Nov.,
Dec.,
697.629
696,301
706,973
715,227
430,248
438,146
443.508
447,435
454,862
459,927
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
720,563
728,474
736,929
733,074
740,579
748,002
749,462
466,780
470,766
478,252
472,193
473,684
477,699
481,041
684,081
76,154
86,677
94,648
100,061
105,019
128,569
161,198
251,800
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254.121
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45.724
248,866
252,111
255,300
48,483
50,477
50,420
50,373
52,681
253,783
257,707
258,677
260,881
54,363
268,420
52;632
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, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign government for U.S. dollars.
2 / Consists of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bonds from October 1962-April 1967; and
td
Invest
ment
series
51,Wl" ■"2;459”
51.281
53,003
55.921
59,418
61.921
65,482
69,733
70,752
75.411
73,037
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2.247
74.803
75,059
75.411
75,816
76,224
76,602
2.247
2.247
2.247
2.247
2,246
2,246
76,987
77,415
77.804
78,220
78,645
78,965
79.281
2,246
2,246
2.246
2.246
2.246
2.246
2,246
Depos
itary
series
-"2525
23
22
19
16
16
9
9
7
Foreign government
series
miar
Foreign
denomi
currency
nated 2/ denomi
nated
”
T , W
3,389
7,606
16,913
26,781
23,412
21.617
19,901
19,215
20.510
8
8
7
7
7
20,197
20,055
20.510
19,861
20,455
21,018
8
8
8
8
8
8
21,659
21.510
22,614
22,438
21,476
20,559
19,952
8
Other
kf
2730¥■
^
20.617
2.248
Govern
ment
account
series
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
1,366
1,664
2,072
1,743
1.599
1.599
1.599
1.599
1.289
1,461
140.113
128,192
1,348
1,315
1.289
1,262
1,210
1,169
1,128
1,087
1,035
995
943
901
861
132.447
136,329
140.113
136,890
138,580
139,774
136,364
139,422
137,956
138,833
144,394
146.448
144,665
128,640
564
1,656
3.389
1,322
1,407
2,002
1,361
2,611
3,419
14.543
7,272
10,087
10,921
14.543
12,785
13.389
14,483
15.390
16,019
17,013
18,141
19,182
21,176
21,406
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, Monthly Statement of the Public Debt- of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other" column.
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
End of
fiscal year
or month
Amount
outstanding
privatelyheld
(In millions of dollars)
Maturity classes
Within
1 year
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.......
197 7
279,782
294,595
326.674
1976-Mar...
276,434
74,803
79,509
84,041
87,150
115,677
151,723
153,302
161.329
154,258
1977-Tune..
July.,
Aug..,
Sept.,
Oct..,
Nov..,
Dec..,
1978-Jan..,
Feb..,
Mar..,
Apr..
May..,
June.
313,485
316,177
325,001
326.674
338,290
343.870
343,019
355,374
358,320
362,693
355,144
356,892
353,660
157,353
160,332
161,932
161.329
167,699
169,552
171,376
177,642
175,195
178,474
170,272
166,094
162,533
156,008
157^910
161,863
165,978
167.869
164,862
210,382
%
1-5
years
50,182
57;035
58,557
57,157
54,139
50,103
65,852
89,151
94,845
113.319
86,214
107,000
105,255
110,681
113.319
115,744
121,346
118,975
123,692
130,715
132,501
130,884
135,524
137,543
Source:
Office of Government Financing in the Office of the Secretary.
Beginning*with the September 1976 Treasury Bulletin the average length
2/
5-10
years
14,503
16,033
16.385
14,197
15.385
24,169
31,247
33.067
21,538
32,442
32,521
33,260
33.067
35,913
32,858
32,729
32,712
29,853
29,414
31,816
31,758
30,458
10 - 20
years
20 years
and over
Average length 1/
6.357
6.358
8,741
9,930
8,857
8,087
7,939
8,428
8,350
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
6,074
4
3
3
3
3
2
2
2
2
2
2
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
2
8
6
3
1
11
8
7
9
11
5
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
7,092
8,440
8,512
8,428
8,406
8,364
8,293
9,733
9,719
9,635
9,571
9,847
9,766
9,598
9,628
10,616
10,531
10,529
11,750
11,646
11,595
12,838
12,669
12,601
13,668
13,360
2 yrs.
2 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
2 yrs.
3 yrs.
3 yrs.
3 yrs.
10
10
0
11
10
0
11
11
0
11
0
1
1
mos.
mos.
nos.
mos.
mos.
mos.
mos.
mos.
m
12,337
8,272
008.
mos.
mos.
mos.
mo.
of the interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
Treasury Bulletin
26
___________ FEDERAL DEBT__________
Table FD-5. - Government Account Series
(in millions of dollars)
End of
fiscal year
or month
Total
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
1977-July.........
Aug..........
Sept.........
Oct..........
Nov........ .
Dec........ .
1978-Jan..........
F«b.......... .
Mar.......... •
Apr..........
July.........
End of
fiscal year
or month
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
1977-Mar.........
1977-July.........
Aug..........
Sept.........
Oct..........
Dec..........
1978-Jan..........
Feb..........
Mar..........
May...........
July.........
Airport and Exchange
Airway
Stabilization
trust fund Fund
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability Federal
Federal Home
insurance Energy
trust fund Administration Loan Banks
_
1,712
“
52
199
44
62
*
-
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
128,192
878
1,936
2,529
2,712
3,246
3,129
_
1,242
1,424
2,934
2,364
1,451
1,512
1,529
2,050
1,978
120
74
156
274
263
436
1,367
2,692
3,429
4,829
4,171
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
39,342
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
4,910
132,447
136,329
140,113
136,890
138,580
139,774
136,364
139,422
137,956
138,833
144,394
146,448
144,665
3,428
3,378
3,246
3,288
3,306
3,449
3,482
3,542
3,583
3,625
3,681
3,830
3,874
2,022
2,049
2,050
2,047
2,026
2,077
2,063
2,047
2,022
1,991
1,861
1,836
4,350
4,825
4,829
4,251
4,359
4,486
4,509
4,993
5,082
4,975
5,109
5,176
39,613
39,344
46,631
46,241
45,952
47,048
46,663
46,399
46,060
45,645
4,394
4,181
3,941
3,474
3,139
3,075
2,918
3,013
3,206
3,464
-
_
”
-
t k
m
:
1
1,806
5,219
46,089
3,869
Highway
trust fund
National
service life
insurance
fund
Postal
service fund
_
Federal Supp, Federal Sav
medical ins. ings and Loan
trust fund Insurance
Corporation
358
13
257
478
700
531
1,378
1,230
I .244
2^232
2,006
73
80
89
139
81
129
907
1,593
1,885
2,535
2,201
2,293
2,469
2,232
1,925
2,984
3,226
3,291
3,495
3,675
3,581
3,680
3,807
3,925
2,247
2,521
2,535
2,549
2,633
2,658
2,678
2,879
2,890
2,903
2,880
2,913
2,939
Government
life insur
ance fund
842
797
758
717
690
651
604
569
560
526
547
534
529
526
523
519
528
524
519
513
509
501
510
505
l l i
_
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,684
2,325
836
790
780
736
963
820
385
53
277
771
978
2,190
10,104
10,135
10,079
10,029
10,042
10,387
10,544
10,700
10,890
11,085
11,173
11,553
11,520
7,248
7,252
7,250
7,249
7,251
7.465
7,438
7,429
7,407
7,’
389
7,360
7,565
1,761
1,663
978
2,620
2,636
2,916
2,708
2,571
2,162
2,200
2,055
2,318
2,841
2,858
2,684
2,417
2,437
2,359
2,296
2,226
2,081
1,792
1,789
3,105
7,548
2,154
2,777
*
_
Treasury
deposit
funds
5,754
5,915
6,068
6,155
6,427
6,605
6,716
6,931
6,956
7,250
7,190
Source:
Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1?74 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen1s group life insurance fund from August 1969-January 1973;
employees health benefits fund beginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
_
_
Railroad
retirement
accounts
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
10,079
9,380
_
-
_
Federal
Federal
hospital
old-age and
insurance survivors
trust fund insurance
trust ftrnd
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924
11,216
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
30,430
11,151
11,145
10,924
10,526
10,820
11,130
10,073
10,225
11,115
11,236
10,987
11,805
11,713
30,620
32,352
31,333
29,086
29,037
28,339
27.050
28,621
27,117
27,840
29,835
27,926
Unemployment
trust fund
Other
1/
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345
3,603
26,547
414
484
585
655
1,199
2,127
2,470
4,332
5,076
6,533
5,691
715
771
726
659
736
744
727
798
763
748
752
749
778
793
823
3,087
4,450
3,603
3,335
3,878
3,106
2,562
2,921
2,231
2,759
6,341
5,493
7,168
7,089
7,531
7,482
5,841
7,516
6,022
6,516
6,533
6,581
6,829
6,724
6,802
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NQAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HDD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessment fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Aoadeny Gift Fund; U.S. Naval Academy Museum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S. Truman Memorial schol
arship fund; Special Investment Account; Black Lung Disability Trust Fund.
Less than $500,000.
August 1978
27
FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Housing and Urban
Development Department
Defense
Department
End of
fiscal year
or month
Total
amount
outstanding Family housing
and homeowners
1/
assistance
6
6
6
5
5
10
Postal
Service
Tennessee
Valley
Authority
250
250
250
250
250
250
250
2,472
1.893
2,625
1,819
2,221
2.894
2,593
2,693
3,591
2.858
3,342
250
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
1,825
1,825
588
3,313
3,266
2,863
2.858
2,857
2,840
2,837
1,825
583
579
579
583
585
581
10,226
9,898
9,893
9,842
9,814
9,780
974
963
954
949
935
926
599
602
607
607
608
606
3,803
3.768
3.768
3.768
3.768
3.768
3.743
3.743
3.743
3.743
3.701
3.701
3.701
250
10,221
1,044
1,035
1,024
1,016
1,006
991
983
250
250
250
250
250
250
250
250
250
250
250
250
1,825
1,825
1,825
1,825
1,825
1,825
1,825
1,825
1,825
1,825
1,825
1,825
10,298
10,934
1978-Jan..
Feb.,
Mar..
Apr..
May..
June.
Federal
Home Loan
Bank Board
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3.768
3,845
10,943
10,953
11,678
July.
Aug..
Sept.
Oct...
Nov...
Dec...
Export-Impart
Bank of the
United States
577
517
487
454
412
408
487
581
578
579
592
12,012
1977-June.
Government
National
Mortgage
Association
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
1,016
14,249
12,510
12,163
10,894
11,109
1969.
1970.
1971.
1972.
1973.
1974.
1975.
1976.
T.Q..
1977.
Federal
Housing
Adminis
tration
Other independent agencies
10,824
10,728
10,312
10,298
10,290
10,260
2,833
2,512
2,512
2,509
2,494
2,471
2
2
2
2
2
2
2
2
2
2
2
2
Memorandum - Interest-bearing
securities of non-Government agencies i j
End of
fiscal year
or month
Banks for
cooperatives
Federal home
loan banks
2J
1/
Federal
intermediate
credit banks
2/
Federal
land
banks
Federal
National
Mortgage
Association
2/6/
District of
Columbia
Stadium
Fund
1969......................
1970......................
1971......................
1972......................
1973......................
1974......................
1975......................
1976......................
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4,061
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,111
19,206
4,240
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
11,693
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
18^719
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
31,491
20
20
20
20
20
20
20
20
20
20
1977-Mar..................
4,899
18,483
10,670
17,304
30,392
20
4,948
4,604
4,356
4,061
4,052
4,208
4,434
18,977
18,912
19,240
19,206
19,368
19,911
20,389
11,418
11,654
11,786
11,693
11,623
11,421
11,174
18,137
18,719
18,719
18,719
19,118
19,118
19,118
31,378
31,566
31,301
31,491
31,572
31,333
31,890
20
20
20
20
20
20
20
4,625
4,622
4,728
5,046
5,264
4,974
20,817
22,018
22,132
22,156
24,210
24,599
11,103
10,958
10,881
10,977
11,081
11,257
19,498
19,350
19,350
19,686
19,686
19,686
32,024
32,553
33,350
34,024
35,297
36,404
20
20
20
20
20
20
1978-Jan..................
Feb..................
May..................
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August 17,
1971 through September 30, 1976). Also, adjustments are made to re
flect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
2/ Effective September 30, 1968, Federal National Mortgage Association
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 90-448).
2/ Effective December 31, 1968, banks for cooperatives and Federal in
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
i j Far details of securities outstanding, see Table TS0-5.
j)J Includes Federal Home Loan Mortgage Corporation mortgage backed bonds
beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
28
Treasury Bulletin
__________ FEDERAL DEBT_________
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
End of
fiscal yeat
or month
Commodity Credit
Corporation
Sales
2,i8l
“
1977-Mar................
1977-June..............
July..............
Aug...............
Sept..............
Oct...............
Nov...............
Dec...............
1978-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
-
-
Retire
ments
_
2,181
-
-
ExpoJt-Import Bank
of the United States
Out
standing Sales
-
-
-
-
-
-
-
-
-
-
-
-
-
Retire Out
ments standing
369
321
268
608
42
327
-
1,814
1,493
1,226
618
576
249
249
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
-
,
-
“
Farmers Home
Administration 1/
Total
Sales
Retire Out
ments
standing
1,330 , 630
- 1,280
1,315
1,085
440
110
110
80
35
377
35
-
-
-
-
-
-
-
25
-
_
-
23
-
-
-
“
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
3,845
3,803
3,768
3,768
3,768
3,768
3,768
3,743
3,743
3,743
3,743
3,720
3,720
3,720
Sales Retire
ments
225
_
_
-
I84
401
80
168
24
_
_
-
-
-
_
-
41
_
-
-
-
_
_
_
_
_
-
_
-
-
-
-
-
_
-
-
-
-
-
-
-
-
-
-
Health, Education,
and Welfare
Department 2/
Out
Retire
standing Sales ments
1,166
765
685
517
493
493
492
492
492
451
45J451
451
451
451
451
451
451
451
451
451
451
451
451
15
3
3
2
6
2
1
Out
standing
-
-
212
209
207
201
199
199
198
198
198
190
a.90
190
190
190
190
190
190
190
190
190
190
190
190
-
-
190
_
_
_
_
_
_
_
_
_
_
_
_
8
-
-
-
-
_
_
_
_
_
_
_
_
-
-
_
_
_
_
-
_
_
_
'
Participation certificates issued by GNMA acting as trustee - Continued
Housing and Urban Development Department
End of
fiscal year
or month
196977777
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977-Mar..
1977-June.
July.
Aug..
Sept.
Oct..
Nov..
Dec..
1973-Jan..
Feb..
Mar..
Apr..
May..
June.
Office of Secretary 2 /
" W
Retire
ments
73ul=-------
27
324
963
405
34
2,433
2,109
1,146
741
707
707
707
707
707
700
Government National
Mortgage Association 4/
Retire- Outnaents
standing
standing
700
700
700
700
700
700
700
700
700
700
700
700
700
700
140
134
190
81
193
95
65
70
41
19
165
1,897
1,707
1,626
1,433
1,338
1,273
1,204
1,164
1,145
980
1,016
996
980
980
980
980
980
969
969
969
969
969
969
969
Source:
Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
,2/ Includes Construction of Higher Education Facilities, Health Profes
sions Education fund, and Nurse Training fund, beginning April 1968.
2 / Includes College Housing, Housing for the Elderly, and Public Facility
programs.
4/ Includes Special Assistance, and Management and Liquidating programs.
Small Business
Administration 5/
Veterans
Administration 6/
Retire Out
ments
standing
203
225
91
206
41
1,007
782
691
485
444
444
444
444
444
342
342
342
342
342
342
342
342
342
342
342
342
342
342
342
260
Retire
ment's
Out
standing
79
136
99
107
243
45
41
40
16
54
1,885
1,749
1,650
1,543
1,300
1,255
1,214
1,175
1,159
1.105
1,146
14
23
(Msmorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 7/
Retirements
667
standing
1,590
1,124
1.105
1.105
1.105
1.105
1.105
1,092
1,092
1.092
1.092
1,068
1,068
1,068
J>/ Includes programs for Disaster Loans, and Business Loans and Invest
ments.
6/ Includes Direct Loan and Loan Guaranty programs.
7/ In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not included in
the Participation Sales Act of 1966. Amounts shown as sales
re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
29
August 1978
_________________ FEDERAL DEBT______________
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
Debt outstanding sub
ject to limitation
Interest-bearing debt
subject to limitation
Nosn-interest-bearing debt
subject to limitation
Statutory
debt
limit
Total
Public debt
1/
Other debt
1/2/
Public debt
>V7,U0U
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
700,000
682,000
373,425
399,475
428,576
459,089
476,006
534,207
621,556
635,822
699,963
670,343
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
698,229
668,596
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
1,734
1,748
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
668,216
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1,734
1,748
530
437
389
453
343
380
443
566
529
600
380
SeP*..................
Oct...................
Nov.......... ........
Dec...................
700,000
700,000
700,000
752,000
752,000
752,000
674,991
686,297
699,963
698,530
709,101
720,068
673,252
684,562
698,229
696,792
707,361
718,332
1,738
1,734
1,734
1,738
1,740
1,736
1978-Jan...................
Feb...................
Afar........... ..... .
Apr...................
May...................
June..................
671,386
684,081
697,629
696,301
706,973
715,227
1,738
1,734
1,734
1,738
1,740
1,736
1,867
482
600
491
388
3,105
752,000
752,000
752,000
752.000
752.000
752.000
722,7a
730,900
739,103
737,741
742,750
750,175
1,756
1,758
1,763
1.762
1.763
1,761
720,563
728,474
736,929
733,074
740,579
748,002
1,756
1,758
1,763
1.763
1.763
1,761
July..................
421
668
412
2,905
409
412
752,000
751,625
720,985
729,142
737,341
735,978
740,988
748,414
7^9,867
1,758
749,462
1,758
405
End of
fiscal year
or month
1970.......................
1976.............. ;.... .
T.Q.......................
1977......................
1977-Mfcr..................
Source:
Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1977* For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
Other debt
Public debt
1/
Other debt
1/
825
825
825
825
825
825
«
-
”
-
1/ Adjusted to exclude notes to IMF and other international lending or
ganizations from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
30
Treasury Bulletin
.FEDERAL DEBT.
Table FD-9. - Status and Application of Statutory Limitations
The Second Liberty Bond Act (31 U.S.C. 757b), as amend-
The Act of June 30, 1967
(Public Law 90-39)
provides
ed, provides that the face amount of obligations issued under
that the face amount of beneficial interests and participa-
authority of that Act, and the face amount of
tions issued under section 302 (c)
obligations
guaranteed as to principal and interest by the United States,
of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed in the aggregate $400 billion outstanding
the fiscal year 1968
at any one time. 'Public Law 95-252 provides that beginning
added to the amount
and outstanding
at any time shall be
on March 27, 1978, and ending on July 31, 1978, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily Increased by $352 billion.
met.
otherwise taken into account in deter-
Part A. - Status Under Limitations* July 31, 1978
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding........................................................................................ ...........
Less amounts not subject to limit:
*
Treasury.................................................................................................................
Federal Financing Bank........ ..........................................................................................
Total public debt subject to limit....... ..................................................................................
Other debt subject to limit:
' '
Guaranteed debt of Government agencies............................................................................... .
Specified participation certificates.......................................................................................
$750 477
610
^
"
7^9 g67
$23
135
Total other debt subject to limit..........................................................................................
Total debt subject to limit .................................................................................................
'
Statutory debt limit.........................................................................................................
Balance of statutory debt limit...... .......................................................................................
”
1
.... i'~758
751 ^ 5
"*
!
752 000
375
'
'
Part B. - Application of Statutory Limitations, July 31, 1978
Classification
Amount outstanding
Interest-bearing debt:
Marketable:
Bills:
Treas'U 7 ...............................................................................................................
Notes:
^
...............................................................................................................
Bonds:
Tr6aSUIy...............................................................................................................
Total marketable.................................................
..
.
...................................................................................................
Nonmarketable:
r
Depositary series........................................................................................................
Foreign government series:^
Dollar denominated.....................................................................................................
Foreign currency denominated....... ......................................................... [...... !!!!!!!!!!!!!!!!!!!
Government account series..................................................... !!.*!.*!!!.!!!!.!!!!!!!!!!!*!***!!..........
Investment series................................................
.. .................. *..........................
r.e.a. series.............................................................. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.’
!!!!!!!!!!
State and local government series.............................................. !!!!!!!!!!!!!!!!!!!!!!!I!!!!!!!!I!I!!!!!**
United States individual retirement bonds................................. ..................... I!.!!!!!!!!!!!!!!!!!!!]*!
United States retirement plan bonds......................................... !.!!..!....!!!!!!!!!!!!!!!!!!!!!!**"!*!**!***
united states savings bonds..................................... ....... ]]...... !!!!!!!!!!!!!!!!!!.*!!!!!!!!!!!!!!!!!!!"
United States savings notes....................................................... *..!!.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Total nonmarketable..........
Total interest-bearing debt....
Non-interest-bearing debt:
Matured debt...................
Other..........................
Total non-interest-bearing debt.
Total public debt outstanding................................................................................................
Source: Monthly Statement of the Public Debt of the United States.
* $500 thousand or less.
$160,092
266,586
r
54,363
481,041
--- ------g
- 9 9_2
*861
1iA
%
20 822
* 37
1sa
79 ?8i
*388
268,,420
749.,462
* *’
237
779
1,,015
750 477
August 1978
31
ffF.TYRRAT. H R R T
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
Total
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1977-Mar.............
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
66,353
61,742
1977-juiy............
62,177
64,662
66,353
68,44^
70,169
72,134
74,581
76,070
77,415
78J311
79,201
,
Sept............ .
,
Nov........
I
Dec.............
1978-Jan.............
Feb.............
Mar.............
Apr.............
June............
80,224
July............
81,648
Agency
for
Internnational
Develop
ment 1/
544
512
451
416
374
327
233
_
_
-
Federal
Federal
Financing Home Loan
Bank
Bank Board
_
602
13,466
22,413
25,884
35,418
31,312
32,444
33,800
35,418
36,722
37,095
38,580
39,522
40,606
42,169
42,964
^3,871
44,504
Govern
ment
National
Mortgage
Assn. J/
-
45,545
Housing.and Urban Development
Departmenix-Continued
End of
fiscal year
or month
1,247
1,534
1,491
-
9,947
10,092
10,230
10^281
10,233
10,282
10,414
7,992
1,922
23
Helium
fund
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
4,908
5,200
15
10
223
665
1,641
2,462
3,677
4,666
4,878
3,529
5,008
110
140
207
251
252
252
252
251
252
252
252
1977-July.............
Aug..............
Sept.... * .......
Oct..............
Nov..............
Dec..............
1978-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
4,948
4,930
4,908
4,898
4,928
4,931
4,960
4,950
4,819
4,767
4,741
4,835
3,629
3,629
3,529
3,529
3,529
3,609
3,609
b 669
3,669
3,709
3,709
3,894
252
252
252
252
252
252
252
252
252
252
252
252
July.............
5,071
3,894
252
720
1,586
783
1,743
1,888
2,457
207
11
73
3
66
2l
409
3
3
3
5
2
161
18
16
2
11
Ten
nessee
Valley
Author
ity
1,922
Transpor
tation
Dept.
Saint
Lawrence
Seaway
Develop
ment
Corp.
Office of the Secretary
1/
1,922
1,922
1,922
1,922
1,922
1,922
1,922
1^922
1,922
1,922
Rural
Telephone
Bank
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
1977-Mar.............
1,922
Housing and Urban
Development Department
ExportImport
Bank of
the
United
States
7,765
7,865
7,865
7,865
7,888
7,903
7,925
7,951
7,865
7,920
7,959
7,979
5,017
5,697
6,128
6,925
8,181
8,507
Interior
Department
Other
fj
Agriculture Department
Secretary:
Rural
Farmers
Commodity Electri
Home
Credit
fication Adminis
Corpo
Adminis
tration
ration
Programs
tration
2/
12,115
5,045
1,583
12,262
5,328
1,416
11,977
5,746
1,391
11,501
1,606
6,051
1,610
10,864
6,563
8,608
6,963
2,545
5,046
1,482
7,409
2,840
7,512
1,717
3,556
7,409
1,867
6,128
7,865
1,922
4,288
7,609
1,922
College
housing
loans
950
1,400
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
2,811
Urban
renewal
fund
400
600
800
800
800
800
800
800
800
800
800
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2,811
2^11
2,811
800
800
800
800
800
800
800
800
800
800
800
800
2,811
800
2,811
Veterans
Adminis
tration:
Direct
loan
program
133
133
130
127
123
121
120
118
118
116
205
100
100
100
100
100
100
150
150
150
150
150
116
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
228
230
234
234
234
234
236
255
257
261
284
290
150
150
150
150
150
150
150
150
150
150
150
150
116
116
116
116
115
115
115
115
115
115
115
115
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
305
150
115
1,730
-
49
132
191
201
234
Under
Defense
Produc
tion
Act
of 1950
Other
u
220
260
352
333
351
414
455
124
149
264
176
246
250
264
265
309
361
361
364
364
369
379
400
429
Other
8/
1/
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
2/
_
_
_
-
_
_
_
_
_
-
-
38
43
43
43
63
43
44
98
97
223
97
98
98
223
223
224
224
240
241
243
244
244
249
192
Treasury Bulletin
32
.FEDERAL DEBT,
Footnotes to Table FD-10.
Souree:
Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances "by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1977 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 389-393, and the 1977 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 542544.
2 / And predecessor agencies. Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. 1442), and the notes together with
others issued for the same purpose are included in "Other."
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
4/ Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
2 / Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721(d)) and also securities transferred
from the Reconstruction Finance Corporation.
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968-Deeember 1969.
Consists of notes of: The Administrator, General Services Adminis
tration, far defense materials procurement; the Secretary of Agri
culture; the Secretary of, the Interior '(Defense Minerals Explo
ration Administration) j and the Secretary of the Treasury through
May 1964*.
8/ Consists of notes issued by the; International Communication Agency
for informational media guaranties (see footnote 1); Secrexary of
Commerce (Maritime Administration), for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), beginning December 1972; Virgin Islands Corporation from
September 1959-September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning December 1971; Secretary of
the Interior (Bureau of Mines) for development and operation of he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretaiy of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974; Federal Railroad Administration, rail service assistance, begin
ning January 1976, and regional rail reorganization, April, 1976;
Bonneville Power Administration beginning September 30, 1977;
Secretary of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977.
2 / Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
2/
August 1978
33
.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, 1978
(In millions oi dollars)
Amount of maturities
1978
Aug.
Aug.
Aug.
Sept.
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
Description
15.,
15.,
31.,
30.,
1.
31.,
15.,
30.
31.
31.
6#-B
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Issue
Date
5/15/74
5/15/75
8/31/76
9/30/76
10/1/73
11/1/76
11/15/71
11/30/76
10/22/75
12/31/76
Total.
1979
Jan.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Sept.
Oct.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
1981
Feb.
Feb.
Mar.
Apr.
May
May
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
1982
Feb.
Feb.
Mar.
Apr.
51.,
1.,
30.,
15.,
31.,
30.,
30.,
30.,
15.,
15.,
31.,
30.,
30.,
1.,
31.,
15.,
15.,
15.,
30.,
31.,
31.
31.
15.
15.
29.
31.
1.
30.
15.
31.
30.
30.
31.
15.
15.
30.
1.
15.
15.
31.
15.
15.
31.
1.
15.
15.
30.
15.
15.
30.
1.
15.
15.
31.
15,
15,
31.
1.
5-7/8#-L
7#-H
5-7/8#-L
6#-N
1-1/2J6-EA
5-7/8#-P
7-7/8#-D
6-l/8#-Q
7-3/4#-E
6-l/8#-R
6-1/4#-S
6-l/4#-A
6-7/855-J
6-5/8#-T
8-l/2#-F
6-5/8#-U
l-l/2#-E0
7-l/4#-V
6-5/8#-B
7#-C
6-l/4#-K
7-l/8#-W
7-l/2#-G
7-l/8#-X
Total....
2,462
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3,376
33,726
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
2/3/77
2/17/76
2/28/77
3/31/77
4/1/74
5/2/77
11/6/74
5/31/77
7/9/75
6/30/77
8/1/77
8/15/72
8/16/76
8/31/77
9/4/75
9/30/77
10A/74
10/31/77
2/15/73
11/15/73
11/15/76
11/30/77
1/6/76
1/3/78
Note
Bond
4#
6-l/2#-G Note
7-5/8#-L Note
7-l/2#-C Note
l-l/2#-EA Note
7-3/4^-N Note
6-7/8#-A Note
Note
8#-P
7-5/8#-D Note
8-l/4#-Q Note
8-1/2%-R Note
9%-B
Note
6-3/4%-H Note
Note
6-7/8#-E
1-1/2%-EO Note
Bond
3-1/2%
7-1/8%-J Note
5-7/8%-F Note
Total......
1/31/78
1/23/59
2/15/77
2/28/78
3/17/76
4A/75
5/1/78
5/15/73
5/31/78
6/10/76
6/30/78
//31/78
8/15/74
8/15/77
9/14/76
10/1/75
10/3/60
11/15/77
12/7/76
7%-A
7-3/8%- •C
6-7/8%- ■
H
1-1/2%- ■EA
7-3/8%- •D
7-1/2%- •M
6-3/4%- •J
7%
7-5/8%- •F
6-3/4%* ■K
1-1/2%- -E0
7-3/4%- -B
7%-G
7-1/4%- ■L..
Total.,
2/15/74
2/18/75 2/
3/8/77 ~
4/1/76
1/26/76
2/15/78
6/3/77
8/15/71
7/9/76
9/7/77
10/1/76
11/15/74
10/12/76
12/7/77
7-l/2#-K
6-3/8%
6-1/87.-D
7-7/8%-G
1-1/2%-EA
Held by 1/ Total
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
2,855
4,692
2,845
3,519
2
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
1
4,334
1,604
2,241
3,376
4,791
2,006
3,920
66,775
3,875
2,494
4,608
3,820
6,076
2
3,180
7,265
3,099
2,185
4,407
4,117
4,296
4,133
2,141
3
1,753
4,600
2,692
64,746
5/15/72
1/6/77
3/6/78
4/1/77
1,842
4,796
2,809
*
2,020
3,89$
2,514
807
2,586
2,968
14
4,477
2,543
3,452
34,721
2,702
2,697
2,853
U.S. Govt,
All
accounts and other
Federal Re investors
serve banks
642
2,597
200
514
198
1,376
2,519
232
521
8,799
146
1,732
367
593
-
136
551
209
141
273
134
1,794
877
402
230
366
-
284
1,138
431
260
363
136
378
10,941
365
929
1,468
268
692
437
5,544
177
294
798
494
2,684
649
153
619
683
38
16,292
1,820
2,558
2,749
2,681
3
2,723
6,831
422
2,285
2,855
24,927
2,709
2,960
2,478
2,926
2
1,856
1,718
1,878
1,641
2,035
3,046
2,765
2,112
3,079
1,851
3,495
182
1,034
70
408
297
62
1,860
103
84
1,838
2,859
2,444
399
2,289
2,906
14
2,617
2,440
3,368
28,844
5,877
1,063
59
236
Source: Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1/ 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.
1981
Feb. 15,
Aug. 15,
Aug. 15,
1985
Feb.
May
May
1986
May
Aug.
Nov.
*
1,639
2,638
2,617
15.
15.
15.
1994
May
1995
Feb.
1998
May
Nov.
1999
May
2000
Feb.
Aug.
2001
Aug.
2005
May
2007
Feb.
Nov.
2/
*
Issue
Date
5/15/75
4/4/77
6/7/78
8/15/75
10/1/77
Held by 1/ Total
lil41
2,613
2,594
2,91B
1
2,902
2,737
24,764
U.S. Govt,
AH
accounts and other
Federal Re
investors
serve banks
1,447
28
57
1,141
1,300
2,585
2,537
1,777
1
-
748
166
4,945
2,154
2,571
19,819
7,958
*
2,573
1,239
2,309
14,079
2,145
5,813
89
227
95
2,556
2,484
1,012
2,214
8,438
2,353
2,863
13,654.
3,839
1,397
373
5,609
8,
2/15/78
6/3/58
4/5/60
4,203
748
1,042
5,993
1,448
179
395
2,022
2, 755
569
647
3, 971
7-7/8#-A Note
5/17/76
8/16/76
8#-B
Note
6-1/8#
Bond 11/15/71
Total.,
5,219
9,515
1,216
15,950
1,038
1,972
884
3,894
4,,181
7,,543
332
12,,056
11/17/75
10/17/77
2/L7/76
Note
Note
4A /78
Note
4/5/78
Bond
5/1/53
Note 11A5/76
7-1/4$-A Note
6-3/8#
Bond
7-l/4#-B Note
Totals......
8#-A
15...
15..... 3-1/4#
15,75-85 4-1/4#
Total..
1987
TI3v.
3,5iO
1988
1,565
May
3,140
1990
3,552
Feb.
5,384
May
2
2,743
1,721
1992
2,922
Aug.
1,891
Aug.
3,609
3,623
1,612
1993
3,484
Feb.
1,988
1
Feb.
3
Feb.
1,134
Aug.
3,917
2,634Aug.
48,454
1,282
3,769
2,619
8#-A
Note
7#-E
Note
8-1/45&-H .Not*
8-1/8%-B Note
1..... l-l/2#-E0 Note
7-7/8#-C Note
7-l/8#-F Note
Total........
1983
8%-k
Feb.
Apr.
1..... l-l/2#-EA
May 15..... 7-7/85&-C
June 15,78-83 3-1/4#
Nov. 15..... 7#-B
Total.
1
4,050
466
1,810
3,116
4,428
1,870
3,542
55,834
560
1,027
190
-
1982
May
May
June
Aug.
Oct.
Nov.
Nov.
Description
Note
2/15/77
8/15/72
8/15/77
*
11, 523
4,599
956
2, 490
1,,770
7-5/8%-k Note
11/15/77
2,387
8-l/4#-A Note
5/15/78
4,148
1,630
2,
3-1/2#
8-1/4#
Total..,
Bond
Bond
2/14/58
4/7/75
2,768
1,243
4,015
893
407
1,300
875
1!,840
15,87-92 4-1/4#
7-1/4#
Total..,
Bond
Bond
5/15/62
7/8/77
2,855
1,504
4,359
1,128
88
1,216
1,,727
15,88-93
15.....
15.....
15,88-93
4#
6-3/4#
7-7/8#
7-1/2#
Bond
Bond
Bond
Bond
181
627
1,501
1,914
53
211
114
1,318
1,387
8-5/8%
Total...
Bond
1/17/63
VlO/73
1/6/78
8/15/73
7/11/78
1,768
2
1,698
1 ,766
4 ,293
Bond
4/18/63
Bond
2/15/55
Bond
Bond
5/17/76
10/3/60
15,89-94 4-1/8%
3%
15,93-98 1%
3-1/2%
Total..
5,991
15,94-99 8-1/2%
1 aj
1980
Jan.
Feb.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
31.,
15.,
28.,
Amount of maturities
Date
of final
maturity
0
1 in I
Date
of final
maturity
2,,715
,416
3,,143
128
416
596
597
399
364
1,243
1,607
692
1,957
2,649
328
714
1,042
5/15/74
2,414
1,650
764
2,771
4,662
569
2,048
2,202
2,614
7,433
2,617
4 ,816
15,95-00 7-7/8%
15,95-00 8-3/8%
Total..
Bond
Bond
2/18/75
8/15/75
15,96-01 8%
Bond
8/16/76
1,575
815
760
15,00-05 8-1/4%
Bond
5/15/75
4,246
2,177
2,069
15.02-07 7-5/8%
15.02-07 7-7/8%
Total..
Bond
Bond
2/15/77
11/15/77
4,249
1,495
5,744
1,559
305
1,864
2,690
1,190
3,880
Treasury Notes 7-3/8% Series C-1981 and 7-3/8% Series E-1981 were two
separate issues consolidated effective Sept. 1, 1976. Series E-1981
notes were issued on April 5, 1976 but are treated as if they were
an additional issue of Series C-1981.
Less than $500,000.
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
Table PDO-2. - Offerings of Bills
(Amounts In millions of dollars)
Description of new issue
Issue date
Maturity
date
Number of
days to
maturity 3/
Amount of
bids
tendered
91
182
Amount of bids accepted
Total
Amount
On com
petitive
basis 2/
On noncom
petitive
basis 2 /
2.302.9
3.404.5
2.305.9
3.401.0
1,916.0
3,214.5
387.0
190.0
444.5
223.7
452.8
207.0
Amount
maturing on
issue date
Qf new
offering
Total
unmatured
issues out
standing after
new issues
Regular weekly:
(13-week and 26-week)
l ^-Apr.
1978-July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
6........
13........
20........
27........
May
4........
11........
18........
25.,
June
1.
Sept.
Dec.
July
3
2
10
9
17
16
91
182
91
182
4.869.7
6.453.1
5,155.3
5.962.2
4.834.0
5.692.3
5.113.0
5.844.7
4.772.6
6.175.8
4.981.7
6,206.6
4.385.2
6.158.7
24
24
91
183
4.379.9
5.900.2
2.301.4
3.503.6
2,302.2
3.402.5
2,206.0
3,403.2
2.203.7
3.401.5
31
30
91
182
4,493.5
5.567.4
7
7
91
182
13
12
20
19
27
26
91
182
91
182
91
182
91
182
.
1.937.9
3,191.8
1.802.7
3.187.5
383.1
179.6
375.7
189.8
364.3
210.7
403.3
215.7
343.6
,
2.304.4
3,402.8
2.306.7
9.410.1 4/
2.404.2
3.401.5
2.309.6
3,407.0
30,089*3*
89,Q86„Gr
30,087.9r
89,081«lr
30,088.9r
89,080*5r
30,083*9
89,082,7*
29,981.1r
89,184*dr
29£73.7 p
89,180.4**
29,855#2r
89,2£Q. Or
3.203.3
198.2
2,324.4r
3.303.6
2,413.2r
3.503.4
2.208.6
3.404.7
1,880.1
3,226.1
328.6
178.6
2.304.5
3.501.2
29,549.8r
89,081.5*
4.637.9
6.385.3
2,197.1
3.402.0
1.838.5
3.187.4
358.7
214.6
2 196.8
3.402.7
29,549.7*
89/380,9*
,
1 860.1
.
29,645.7r
89,178.0r
15.
Sept. 14
Dec. 14
91
182
4.734.3
6.416.9
2.305.7
3.409.0
2.155.5
3.207.1
150.2
201.9
2.396.9
3.404.6
29,948.5r
^ ~"5.3r
22.
Sept. 21
Dec. 21
91
182
4.312.3
5.468.7
2.200.7
3.403.0
1.885.8
3.220.7
314.9
182.2
2.301.7
9.307.6 5/
29446.6r
8 9 ^ 5 . 5r
29.
Sept. 28
Dec. 28
91
182
4.181.2
£,704.8
2.299.1
3,402.5
1.984.8
3, 209.0
314.4
193.5
2.303.4
3.386.4
29,440.6
89,201. 5r
182
3,°50.0
5.952.2
?,302.8
3.402.1
3.957.7
3.149.1
345.1
253.0
2 302.9
3.403.6
29.440.5
89.200.1
6.
Oct.
Ii979-Jan.
13..
/1978-Oct.
\L979-Jan.
12
11
91
182
3.909.3
5.630.2
2.303.2
3.402.7
1.910.3
3.127.1
392.9
275.7
20.,
2.305.9
3.404.4
29,437.8
89.198.5
/L978-0ct.
\j979-Jan.
19
18
91
182
4.005.2
7.677.1
2.302.7
3.403.1
1.894.3
3.148.2
408.4
254.9
2.305.5
3.408.5
29,435*0
27..
A978-0ct.
\L979-Jan.
26
25
91
182
3.940.4
5.288.8
2.302.3
3.501.1
1.951.7
3.290.7
350.6
210.3
2.301.7
3.502.9
29.435.6
89,191.3
26............
1978-July 25
Aug. 22
Sept. 19
Oct.
17
Nov. 14
364
364
364
364
364
5.901.1
6.144.8
5.247.0
4.953.8
5.873.7
3.037.6
3.004.7
3,035.9
3.162.3
3.587.4
2.981.7
2.993.8
3.948.0
3.090.7
3.486.7
55.9
70.9
87.9
71.6
100.7
2.901.6
2.952.6
2,917.3
3,095.1
5,907.0
1979-Jan.
Feb.
lifer.
Apr.
May
39.309.2
39.361.3
39,479.9
39.547.0
39,732.7
364
364
364
364
364
364
364
364
5.568.2
5.663.1
5.697.8
6,055.6
4.695.4
5.767.1
4.434.4
4,950.0
3.204.7
3.087.5
3.169.9
117.2
81.9
98.2
87.1
78.6
106.4
87.5
95.5
3,070.7
3.105.5
3.208.3
3.342.5
40.200.3
40.346.6
40.457.7
40.460.7
40.519.1
40.542.4
41,072.3
41.413.8
52-Week:
1977-July
Aug.
Sept.
Oct.
Nov.
2.305.5
3.402.3
2,301.7
3 406.0
1.861.4
3.177.3
1.852.7
3.195.3
1.918.5
3.226.4
1.925.7
3.313.8
2.206.4
3,505.9
2.307.4
3 406.0
20............
18............
1978-Jan.
Feb.
Mar.
Apr.
May.
10............
June
July
27............
25............
Footnotes at end of table.
June
July
9
6
6
3
1
29
26
24
3.251.8
3.319.9
3.345.5
3,024.4
2,477.7
2.782.9
3,379.1
.
3 221.1
3.258.4
2.945.9
2,317.2
2.695.4
3.283.6
,
2 966.1
2.454.3
2,252.9
3.037.6
89.193.1
August 1978
35
_ _
PUBLIC DEBT OPERATIONS
Table PDO-2. - Offerings of Bilik—Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price
per hundred
6.....................
13.....................
20.....................
27.....................
May
4.....................
11.....................
18.....................
25.....................
6.417
6.718
/
6.294
6.777
6.460
6.935
98.409
\ 96.574
I 98.367
\ 96.494
/ 98.366
\ 96.468
6.374
6.743
6.140
6.563
6.464
6.986
6.318
7.014
6.476
7.141
98.382
96.610
98.392 fi/
96.599 2/
98.453'IQ/
96.695 11/
98.412 12/
96.582 12/
98.377 M /
96.512
98.370
96.486
98.411
96.466
98.365
96.465
98.396
96.447
98.357
96.365
98.314
96.375
7.069
7.453
7.188
7.515
98.190 22/
96.208
7.160
7.501
98.180
. 96.197
7.200
7.522
f 98.202
96.210
7.113
7.497
98.208 22/
96.213
7.089
7.491
98.198
96.205
7.129
7.507
f 98.257
\ 96.246
6.936
7.426
98.255
96.260
6.903
7.398
98.241
96.237
6.959
7.443
94.290
93.827
93.776
93.308
93.385
93.382
5.648
6.105
6.156
6.619
6.542
6.545
94.317
93.834
93.804
93.347
93.408
93.398
£2/
5.621
6.098
6.128
6.580
6.520
6.529
94.280
93.822
93.769
93.278
93.378
93.378
5.657
6.110
6.163
6.648
6.549
6.549
93.375
93.110
93.065
93.047
92.849
92.501
92.237
92.093
6.552
6.814
6.859
6.877
7.073
7.417
7.678
7.820
93.384
93.125 22/
93.086
93.065 22/
92.883
92.508 2 0 /
92.265
92.123
6.543
6.799
6.838
6.859
7.039
7.410
7.650
7.790
93.368
93.097
93.053
93.040
92.828
92.499
92.217
6.559
6.827
6.871
6.884
7.093
7.419
7.697
92.079
7.834
f 98.183
20....................
Footnote0 on following page
98.365
96.490
98.445
96.678
98.408
96.572
98.213
96.232
13....................
10.....................
7.....................
7.....................
4 .....................
2 .....................
30.....................
27.....................
25.....................
6.421
6.899
6.448
6.951
6.286
6.990
6.421
7.092
6.622
7.143
6.603
7.079
6.607
7.115
98.388
96.589
6.421
6.723
6.377
6.747
6.152
6.571
6.298
6.781
6.468
6.943
6.468
6.992
7.010
7.420
7.057
7.447
27....................
98.377
96.601
98.228 21/
96.249
f 98.216
V 96.235
52-Week:
1977-July 26.....................
Aug.
23.....................
Sept. 20.....................
Oct.
18.....................
Nov.
15.....................
Dec.
13.....................
6.401
6.705
6.361
6.727
6.120
6.537
6.282
6.761
6.943
7.386
98.377 13/
96.395
98.245 12/
96.266 ^0/
29.....................
(Percent)
98.324
96.409
98.326
96.399
98.312
96.342
98.237
96.258
98.403
96.454
98.363
\ 96.370
98.315
( 96.346
/ 98.239
\ 96.261
22.....................
Equivalent rate 3/
6.345
7.028
6.500
7.151
6.670
7.170
6.630
7.103
6.622
7.123
6.678
7.236
6.975
7.402
/
V
/
98.32616/
96.38912/
98.33112/
96.421
98.330
96.403
98.318
96.351
15.....................
June
July
r 98.378
\ 96.604
I 98.389
V 96.591
/ 98.448
\ 96.682
Price per hundred
(Percent)
6.658
7.161
6.626
7.096
6.618
7.121
6.666
7.228
6.966
7.396
8 .....................
1978-Jan.
Feb.
Mar.
Apr.
May
Price per hundred Equivalent rate 2/
(Percent)
Regular weekly:
(13-weekand 26-week)
1978-Apr.
UViii
■ftfo
1Av»+u cl
ovoY^fi
era
A^UIV
a*
JuCU
Vc l age
rate 2/
Low
High
/
\
/
(
/
(
98.317
96.380
98.325
96.413
98.327
96.400
/
96.201
2U
21/
££/
6.654
7.218
36
Treasury Bulletin
.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.
3/ For 13-weeks bill, 26-week tender 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.
y Includes maturing short-dated bills issued Apr. 3, 1978.
5/ Includes maturing short-dated bills issued June 2, 1978.
£/ Includes maturing short-dated bills issued Nov. 7, 1977.
7/ Bank discount basis.
1/ Except $600,000 at 98.397.
S/ Except $10,000 at 96.604.
10/ Except $1,745,000 at 98.458.
11/ Except $200,000 at 96.699.
12/
12/
U /
15/
W
12/
18/
12/
20/
21/
22/
22/
U /
25/
26/
22/
28/
22/
20/
r
Except $475,000 at 98.428.
Except $15,000 at 96.789.
Except $500,000 at 98.415.
Except $600^000 at 98.382.
Except $150,000 at 98.339, $485,000 at 98.336, $1,770,000 at 98.334
and $825,000 at 98.331.
Except $200,000 at 96.415.
Except $80,000 at 98.375.
Except $10,000 at 98.312, $455,000 at 98.250 and $15,000
at 98.247.
Except $1,790,000 at 96.309.
Except $1,745,000 at 98.239.
Except $600,000 at 98.198 and $1,685,000 at 98.195.
Except $180,000 at 98.218.
Except $75,000 at 93.844.
Except $350,000 at 93.831.
Except $325,000 at 93.357.
Except $5,000,000 at 93.403 and $930,000 at 93.410.
Except $2,000,000 at 93.180.
Except $10,000,000 at 93.074 and $130,000 at 93.140.
Except $165,000 at 92.599.
Revised.
August 197 S
37
PUBLIC DEBT OPERATIONS.
Table PD O-3. - New M oney Financing through Regular W eekly Treasury Bills^/
(Dollar amounts in millions)
Description of issue
Maturity
date
Issue
date
2.,
8.,
15.,
22.,
29.,
5.,
13.,
26.,
Apr.
22.
29.,
May.
6.,
13.,
20
.,
27.,
3.
10.
17.,
24.
July
1.
8.
15.
1977-Apr.
May
28.
5.
12.
19.
26.
2.
9.
16.
23.
30.
1977-July
7.
14.
21.
Sept.
Number of
days to
maturity
15.
22.
25.
1977-Apr.
July
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
Aug.
May
Aug.
May
Aug.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1977-Jan.
1976-0ct.
1977-Jan.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
,
Nov.
Aug.
.
Nov.
Sept.
y
Dec.
Sept.
L
Dec.
Sept.
L
Dec.
Sept.
L
Dec.
Sept.
L
Dec.
'
Oct.
b.978-Jan.
'1977-Oct.
il978-Jan.
(l977-Oct.
|1978-Jan.
(l977-Dec.
Il978-Mar.
11977-Dec.
il978-Mar.
1
1
8
8
15
15
22
22
29
29
6
5
13
12
27
26
22
21
29
28
5
4
12
12
19
18
26
26
2
2
9
9
16
16
23
23
30
30
7
6
14
13
28
27
4
3
11
10
18
17
25
25
1
1
8
8
15
15
22
22
29
29
6
5
13
12
20
19
15
16
22
23
90
181
91
182
91
182
91
182
91
182
91
182
90
181
91
182
91
182
91
182
91
182
91
183
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
183
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
1
^
23
25
90
181
Feb.
May
Amount
of bids
tendered
$4,957
5,942
5,084
6,539
5,783
5,457
4,588
5,488
4,774
5.844
4,505
6,558
4,709
6 ,2 1 2
4,700
5,121
5.504
5,370
5,572
6,033
5,557
7,702
5,739
6,519
4,624
6,508
4,955
7,382
3,915
6,567
5,514
7,017
4,360
5,364
4,376
5,523
4,163
5,222
4,251
7.809
7,134
6,198
5.032
5.845
4,375
6,054
4,449
6,065
4,636
6,288
4.033
6.505
4,056
5,487
4,016
6,337
4.060
5,206
3,751
4,987
4,194
6,347
3,753
5.809
4,379
5,821
4,221
6,627
4,083
6,015
5,678
5,685
4.809
6.061
Amount
of bids
accepted
$2,901
3.301
3.004
3.501
2,992
3.403
3.001
3,393
3.102
3.502
3,109
3,804
3.102
3.902
2.902
3,731
2,506
3.404
2,609
3.502
2.603
3.601
2.603
3.602
2.502
3.503
2,500
3.602
2.504
3.503
2,309
3,399
2.103
3.202
2,106
3.103
2.302
3,402
2.505
3.506
2.514
3.503
2.303
3.300
2.304
3,307
2,204
3.303
2.103
3.203
2,099
3.201
2.004
3,102
2,007
3.002
2.003
3.001
2,000
3.001
2.104
3.201
2.303
3.305
2.203
3.404
2.301
3,408
2.515
3,377
2.507
3.502
2,303r
3.503
Average rate
of bids
accepted
(Percent)
5.207
5.508
5.226
5.521
4.827
5.066
4.782
5.046
4,763
5.051
4.812
5.066
4.872
5.133
4.869
5.204
4.763
5.089
4.910
5.230
4.920
5.338
5.072
5.425
5.250
5.727
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
5.368
5.754
5.411
5.767
5.190
5.430
4.518
4.839
4.807
5.052
4.823
5.131
4.996
5.234
5.142
5.353
4.993
5.192
5.047
5.234
5.000
5.166
5.013
5.222
4.965
5.172
5.045
5.246
5.162
5.357
5.214
5.436
5.887
6.098
5,851
5.976
6.084
6.384
New money
increase, or
decrease (-)
\
$500
J
\
501
J
\
>
^
J
490
487
*S
>
702
\
708
>
4
)
\
}
^
)
)
>
>
-S
\
^
1
K
>
*S
>
>
>
700
199
-193
-195
-209
-199
-205
-211
-295
-292
-291
-302
"S
-200
\
-188
j
)
\
)
J
\
J
\
J
-92
-405
-702
-898
\
J
-701
\
-909
\
-903
\
/
-697
\
-308
\
/
-208
)
-402
j
J
J
/
J
J
-398
)
J
-296
)
-197
J
}
J
}
J
I
J
786
905
301
38
Treasury Bulletin
PITBT.Tf! DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Description of issue
1977-Dec.
1........
8 ...... .
15........
29........
1978-Feb.
16........
23..... .
Mar.
Number of
days to
maturity
Maturity
date
Issue
date
2........
9........
30...... .
May
25........
June
1........
/l978*Mar.
\
June
f
Mar.
\
June
(
Mar.
1
June
1
Mar.
\
June
1
May
\
Aug.
[
May
\
Aug.
f
June
1
Aug.
|
June
(
Sept.
f
June
(
Sept.
r
Aug.
(
Nov.
j
Aug.
{
Nov.
2
1
9
8
16
15
30
29
18
17
25
24
1
31
8
7
29
28
24
24
31
30
Source:
See Table PDO-2.
1/ Equivalent average rate on bank discount basis.
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
383
91
182
Amount
of bids
accepted
Average rate
of bids
accepted 1/
(Percent)
$4,535
7,041
4,438
7,124
5,025
5,928
4,378
7,193
4,514
6,265
4,676
6,340
4,697
6,524
4,975
6,900
4,422
5,714
4,380
5,900
$2,302
3,501
2,207
3,403
2,311
3,405
2,105
3,386
2,323
3,508
2,412
3,500
2,305
3,502
2,197
3,407
2,303
3,403
2,204
3,401
6.057
6.371
4,494
5,567
2,209
3,405
Amount
of bids
tendered
6.048
6.348
6.073
6.371
6.152
6.460
6.453
6.745
6.460
6.755
6.428
6.709
6.349
6.676
6.311
6.666
6.476
7.141
6.658
7.161
New money
increase, or
decrease (-)
}
/
\
J
\
401
399
200
J
\
J
88
\
226
/
)
207
J
I
J
\
J
\
J
\
J
\
J
200
194
298
-311
-192
August 1978
39
.PUBLIC DEBT OPERATIONS.
Table PD O-4. - O fferings of Public M arketable Securities Other than
Regular W eekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
1/13/76
1/26/76
2/2/76
5.578%
7-3/8%
6-3/8%
2/10/76
5.572%
7%
2/20/76
3/3/76
3/5/76
3/18/76
6/
3/24/76
3/29/76
4/29/76
5/4/76
5/5/76
5/7/76
5/19/76
5/26/76
6/7/76
6/3/76
6/23/76
6/21/76
6/29/76'
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
8/19/76
8/31/76
6/
9/15/76
9/21/76
9/28/76
10/13/76
10/21/76
11/3/76
11/4/76
11/5/76
11/9/76
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
2/L7/77
2/23/77
3/2/77
3/22/77
3/29/77
3/30/77
6/
4A/77
4/19/77
4/27/77
5/3/77
5/4/77
5/18/77
5/24/77
5/25/77
6/03/77
6/21/77
6/22/77
6/28/77
7/19/77
7/20/77
8/02/77
8/03/77
8/04/77
8/17/77
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
6-5/8%
6.010%
7-1/2%
6-3/4$
5/4/76
5A 7/76
5/17/76
5/17/76
5.645%
6-1/2%
7-7/8%
7-7/8%
6/1/76
6/1/76
6/8/76
6A 0/76
7-1/8%
6.309$
5.520%
7-5/8%
6/29/76
6/30/76
7 /9/76
6.081$
6-7/8$
7-5/8$
7/27/76
7/30/76
8/16/76
5.739$
6-7/8$
6-7/8$
8/16/76
8/24/76
5.634$
2/ 17/76
2/L7/76
2/L7/76
8/16/76
8/31/76
9/14/76
10/1/76
9/21/76
9/30/76
10/12/76
10/19/76
11/1/76
11/15/76
11/15/76
11/15/76
11/15/76
11/30/76
12/7/76
12/10/76
12A 4/76
12/31/76
1/06/77
1/11/77
2/03/77
2/15/77
2/08/77
2A 5/77
2/15/77
2/28/77
3/8/77
3/8/77
3/31/77
4/4/77
8%
8-1/4$
1-1/2$
7-3/8%
5.781%
8$
8$
6-5/8$
6-7/8$
1-1/2$
5.561$
6-1/4$
7$
5.126$
5-7/8$
6-1/4$
7$
7-7/8%
5.201$
5-7A
4.448$
4.708$
5-1/4$
6-1/8$
4.728$
5-7/8$
6-1/2$
5.345$
7-1/4$
7-5/8$
5-7/8$
6-7/8$
5.226$
6$
4/5/77
7$
5.158$
4A /77
4/6/77
5/2/77
5/3/77
5/16/77
5/16/77
1-1/2$
4.632$
5-7/8$
5.163$
7-1/4$
7-5/8$
5/31/77
6/3/77
5/31/77
6-1/8$
6/07/77
6/30/77
6/28/77
7/08/77
6-3/4$
5.403$
5.240$
6-1/8$
5.408$
7-1/4$
8/01/77
7/26/77
6-1/4$
5.647$
8/15/77
8/15/77
8/15/77
8/23/77
6-3/4$
7-1/4$
7-5/8$
6.105$
Bill
Note
Note
Note
Bill
Note
Bond
Note
Bill
Note
Note
Note
Note
Bill
Bill
Note
Note
Bond
Note
Bill
Bill
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Note
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Bill
Note
Bond
Note
Note
\Bill
Bill
Note
Bill
Bond
Note
Bill
Note
Note
Bond
Bill
1/11/77
5/15/81-D
l/31/78-J
2/15/83-A 1/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
ll/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/81-EA
2/15/81-E
4/5/77
5/3/77
4/30/78-L
5/15/86-A 5/
2/15/95-2000-Reopening
5/31/78-M
5/31/77
6/17/76-Reopening
6/30/80-D
6/28/77
6/30/78-N
8/15/81-F
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B V
8/15/1996-2001
8/23/77
8/31/78-Q
9/30/80-E
lO/l/81-EO
9/20/77
9/30/78-R
11/15/81-G
10/18/77
10/31/78-S
ll/15/79-K
11/15/83-B
2/15/95-2000-Reopening
11/15/77
11/30/78-T
I2/3I/8O-F
4/2l/77-Reopening
12/13/77
I2/3I/78-U
2/15/82-D
1/10/78
1/31/79-L
2/15/80-G
2/07/78
2A5/84-A
2/15/2002-07
2/28/79-M
3/31/81-H
3/7/78
3/31/79-N
5/15/82-E
4/4/78
4/1/S2-EA
4/21/77-Reopening
4/30/79-P
5/2/78
2 /l 5 / 84-A-Reopening
2/15/2002-2007-Reopening
5/31/79-Q
6/30/81-J
5/30/78
6/16/77-Reopening
6/30/79-R
6/27/78
8/15/92
7/31/79-S
7/25/78
8/15/80-H
8/15/84-B
2/15/2002-07-Reopening
8/22/78
Period to final
maturity
(years, months,
days) 2/
364d
5y 4m
2y
7y
3y
295T 3m
ly 9m
4y
2y
5y
4y 10-l/2m
2y
lOy
23y 9m
2y
364d
364d
364d
364d
364d
9d
4y lm
364d
2y
5y lm
364d
2y
3y
lOy
25y
2y
4y
5y
364d
364d
2y
5y
364d
2y
3y
7y
23y 3m
2y
4y lm
2y
5y lm
2y
3y
7y
30y
2y
4y lm
2y
5y lm
5y
2y
6y 9m
29y 9m
2y
4y lm
2y
15y lm
2y
3y
7y
29y 6m
365d
132d
364d
364d
364d
364d
364d
Amount of subscriptionsj tendered
Cash
Exchange
4,901
3,328
3,603
29,211
4,913
4,481
712
4,959
5,666
5,507
4,851
_
5,180
6,046
5,668
4,712
9,000
1,525
4,952
4,381
6,007
5,246
4,856
4,296
5,5a
5,663
4,829
5,693
24,426
2,556
4,934
4,827
5,442
6.454
5,335
4,205
5,219
4,324
5,691
6,469
1,545
5,376
4,090
5^621
4,700
6,940
6,596
5,318
7,053
5,874
6,190
5,909
4,778
2,352
6,477
5,070
6,265
4,789
3,917
6,986
-
15d
364d
364d
9d
364$
364d
364d
14,940
3,239
6,196
6,160
2,676
4,223
4,777
4,971
9,460
4,900
5,478
3,699
4,706
5,901
7,968
5^041
2,143
6,144
_
-
1,939
-
1,600
215
-
97
*
_
300
472
117
82
_
692
-
_
700
1,476
592
54
-
14
-
326
-
_
98
70
50
136
-
252
-
1,300
-
881
391
150
-
523
-
1
-
110
-
2,623
900
190
-
-
264
-
65
425
300
199
Amount issued jl/
Allot
In exchange ment
ratio
For
cash
4/
3,069
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2,069
3,066
_
2,628
3,203
3,335
2,274
4,747
750
2,485
2,921
2,010
2,185
2,612
2,638
2,586
2,977
2,855
2,289
8,039
983
2,953
2,895
2,141
2,917
2,868
2,543
3,095
2,822
3,306
2,259
1,001
3,402
2,805
2,692
2,005
3,505
3,124
2,697
3,071
2,855
3,308
3.105
2,024
752
2,695
2,809
3,208
2,995
2,613
3,342
-
4,506
1,882
2,966
2,909
1,003
1,898
2,514
2.454
2,002
2,044
2,253
1,504
3,115
3,038
M9S
2,563
1,003
3,005
_
-
1,939
-
1,600
215
-
97
*
300
472
117
82
_
692
-
2/
2/
10/
11/
12/
12/
34/
15/
16/
1Z /
lg/
12/
20/
21/
22/
-
700
1,476
592
54
-
12/
24/
25/
26/
22/
22/
14
-
326
22/
-
98
70
50
136
31/
i2/
.22/
24/
-
252
-
1,300
12/
12/
22/
-
881
391
150
-
523
-
41/
42/
43/
45/
46/
1
-
110
42/
2,623
900
190
42/
42
10/
13/
-
-
-
264
65
425
300
199
“
12/
i 2/
#
5U
40
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Tabid PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
8/31/77
9/07/77
8/23/77
8/30/77
9/06/77
9/01/77
&
9/19/78
9/30/77
10/1/77
10/5/77
10/12/77
10/18/77
10/28/77
10/17/77
10/18/77
10/31/77
11/15/77
11/1/77
11A 5/77
9/19/78
9/21/77
11/15/77
11/2/77
11/4/77
11/9/77
11/22/77
11/29/77
11/30/77
11/7/77
11/15/77
11/30/77
12/2/77
12/7/77
Description of securities 1/
6-3/4#
5.760#
5.760#
6.156#
6-5/8#
1-1/2#
7-1/8#
6.619#
7-1/4#
7-1/8#
7-5/8#
7-7/8#
6.390#
6.542#
7-l/8#
6.273#
7-1/4#
6.545#
7-l/8#
7-7/8#
6.552#
7-1/2#
7-1/2#
Note
Note
Bill
Bill
Bill
Note
Note
Note
Bill
Note
Note
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Note
Bond
Bill
Note
Note
-
Bill
Note
Bond
Note
Note
Bill
Bill
Note
Note
Note
Bill
Bill
_
.
-
2/6/79
2/15/85-A
5/15/2000-05
2/29/80-L
3/31/82-G
3/6/79
4/20/78-Reopening
3/31/80- C-Reopening
4/1/83-EA
5/15/83-C
4/3/79
4/27/78-Reopening
6-5/8%
8/31/79-T
9/30/81-K
9/15/77-Reopening
9/22/77-Reopening
9/19/78
9/30/79^U
10/l/82-E0
11/15/82-F
10/17/78
10/31/79-V
11/15/80-J
ll/15/87-A
11/15/2002-07
11/15/77-Reopening
11/14/78
ll/30/79-W
4/20/78-Reopening
12/31/81-L
12/12/78
12/31/79-X
2/15/93
1/09/79
l/31/80-K
5/15/81-M
Period to final
maturity
(year, months,
days) 2/
2y
4y lm
9d
l6d
364d
2y
5y
5y lm
2y
3y
10y
30y
2y
1/04/78
1/18/78
1/31/78
lAO/78
1/31/78
2/15/78
2/01/78
2/01/78
2/02/78
2/16/78
2/22/78
2/07/78
2/15/78
2/15/78
2/28/18
3/6/18
3 A /78
3 /3 /7 8
3/22/78
3/28/78
3/29/78
3/30/78
3/7/78
3 /8 /7 8
3/31/78
4 /1/78
4/5/78
4/4/78
4/3/78
6.814#
8#
8-1/4#
7-5/8#
7-7/8#
6.859#
6.346#
7-l/2#
1-1/2#
7-7/8#
6.877#
6.645#
4/19/78
4/26/78
5/1/18
5 /2/78
7-3/4#
7.072#
Note
Bill
-
4/30/80-N
5/1/79
5/2/78
5 /3/78
5/23/78
5/24/78
5/31/78
6 /1/78
6/20/78
6/21/78
6/28/78
5/15/78
5/15/18
5/31/78
5/30/786 /7/78
6/2/78
6/30/78
6/27/78
7/11/78
8-1/4#
8-3/8#
8#
7.417#
8-1/4#
7.110#
8-1/4#
7.678#
8-5/8#
Note
Bond
Note
Bill
Note
Bill
No oe
Bill
Bond
-
5/15/88-A
8/15/95-00-Reopening
5/31/80-P
5/29/79
6/30/82-H
6/22/78-Reopening
6/30/80-Q
6/26/79
8/15/93
7/20/78
7/31/78
7/25/78
8-1/2#
7.820#
Note
Bill
-
7/31/80-R
7/24/79
2y
8/15/78
8-3/8#
8-1/4#
8-3/8#
Note
Note
Bond
-
8/15/81-N
8/15/85-B
8/15/2003-08
3y
7y
30y
8 /1/78
8 /2/78
8 /3/78
8/15/78
8/15/78
'w
lowing page.
139d
364d
12A 3/77
1/3/78
1/6/78
7/19/78
8d
364d
4y lm
12/ 1/11
12/21/77
12/27/77
2/
364d
2y
15y lm
364d
2y
3y 3m
7y
27y 3m
2y
4y lm
364d
43d
2y
5y
5y lm
2y
364d
24d
364d
lQy
22y 3m
2y
4y lm
2y
15y lm
364d
20d
364d
364d
Amount of sub
scriptions tendered
Cash
7,009
5,148
4,316
5,2785,117
6,116
6,116
3,977
6,843
9,240p
4,255p
2,921p
6,416
5,693p
8,715p
7,406p
5,407p
5,826p
4,213p
2,966p
Exchange
123
_
_
-
90
1
Amount issued 2 /
For
cash
3,359
In exchange
U
123
2,968
901
903
3,036
3,771
-
i-js
60/
-
61/
4,116
3,918p
218
625
373
240
2,003p
l,254p
2,505
3,587p
4,671p
3,004p
3,436p
3,838p
3,560p
l,500p
3,156p
3,572p
2,504p
3,249p
3,000p
l,250p
3,742p
2,835p
373
240
-
59/
90
1
218
625
112
Allotnent
ratio
£2/
6y
112
£6/
-
62/
328
-
68/
62/
272
1,000
20/
mJ
1,200
771
53
”
22/
22/
2k/
25/
3,690p
312
*
26/
2,555p
3,343p
6,006p
-
22/
428
28/
1,600
895
22/
80/
-
2,730p
2,967p
2,502p
l,500p
2,898p
2,478p
2,257p
6,005
3,567p
2,750p
l,757p
4,98lp
4,911p
375
-
3,738p
3,340p
375
25/
5,384p
4,078p
2,588p
1,200
1,434
600
2,823p
3,330p
l,$01p
1,200
1,434
600
86/
87/
88/
5,432p
6,652p
5,058p
5,517p
4,856p
3,377p
5,220p
5,8l7p
5,587p
7,284p
6,132p
5,586p
6,053p
10,867p
5,272p
4,638p
5,017p
3,100p
5,792p
5,767p
5,026p
12,285
4,856p
4,402p
4,131p
-
-
328
_
272
1,000
-
1,200
771
53
:
312
*
-
428
1,600
895*
177
_
794
-
»
177
& /
-
82/
794
8 2/
-
84/
August 1978
41
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note: All securities except EA & EO notes and those beaming footnote 5
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown is the equi
valent average rate (bank discount basis) of accepted bids. Other
securities issued at par except those bearing footnote 5 and those
sold at auction. For details of bill offerings see Table PDO-2.
From date of additional issue in case of a reopening.
In reopenings the amount issued is in addition to the amount of
original offerings.
For securities exchanged for the new issues see Table FDO-7.
Sold at fixed price by subscription.
Exchange offering available to owners of nonmarketable 2-3/4# Treasury
bonds, investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
Yields accepted ranged from 7.35# (price 100.108) up to 7.42# (price
99.806) with the average at 7.40# (price 99.892).
Yields accepted ranged from 6.41# (price 99.935) up to 6.51# (price
99.751) with,the average at 6.49% (price 99.788).
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 8.05#) down to 101.42
(yield 8.12#) with the average at 101.75 (yield 8.09#).
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 6.80# (price
99.908) 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 99.837) 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
8.22#) with the average at 96.73 (yield 8.19#).
Yields accepted ranged from 7.08# (price 100.082) up to 7.19#
(price 99.881) with the average at 7.16# (price 99.936).
Yields accepted ranged from 7.68# (price 99.796) up to 7.73#
(price 99.625) with the average at 7.71# (price 99.693).
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
99.843) 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 100.00 (yield
8.00#).
Yields accepted ranged from 7.98# (price 100.215) up to 8.03# (price
99.679) with the average at 8.01# (price 99.893).
Yields accepted ranged from 6.59# (price 100.065) up to 6.69# (price
99.880) with the average at 6.67# (price 99.917).
Yields accepted ranged from 6.90# (price 99.903) up to 6.94# (price
99.764) with the average at 6.93# (price 99.799).
Yields accepted ranged from 6.27# (price 99.963) up to 6.32# (price
99.870) with the average at 6.30# (99.907).
Yields accepted ranged from 7.02# (price 99.894) up to 7.10# (price
99.557) with the average at 7.08# (price 99.641).
Yields accepted ranged from 5.88# (price 99.991) up to 5.99# (price
99.787) with the average at 5.96# (price 99.842).
Yields accepted ranged from 6.32# (price 99.811) up to 6.37# (price
99.677) with the average at 6.36# (price 99.704).
Yields accepted ranged from 7.00# (price 100.000) up to 7.02# (price
99.891) with the average also at 7.02#.
Prices accepted ranged from 101.05 (yield 7.77#) down to 100.58
(yield 7.82#) with the average at 100.79 (yield 7.80#).
Yields accepted ranged from 5.76# (price 99.981) up to 5.94# (price
99.647) with the average at 5.86# (price 99.795).
Yields accepted ranged from 5.87# (price 100.007) up to 5.92# (price
99.829) with the average at 5.91# (price 99.864).
Yields accepted ranged from 5.29# (price 99.925) up to 5.38# (price
99.757) with the average at 5.37# (price 99.775).
Yields accepted ranged from 6.15# (price 99.872) up to 6.20# (price
99.656) with the average at 6.19# (price 99.699).
Yields accepted ranged from 5.94# (price 99.880) up to 5.99# (price
Q9.787) w*Kb the average at 5.97# (price 99.824).
Yields accepted ranged from
vri+b +he av^ra^e h1
Yields accepted ranged from
qq ?Q9\ <nt,h the average u
6.65# (price Q Q .P W ) np
6 .6 \ %
'price
6.6?^ ''r>ri»e 99.67A).
7.21# (pri^e 100.217) up to 7.27# (price
/.djJL
100.000).
YieMs accepted ranged from 7. *>8# (price 100.530) up to 7.63# (price
99.941) with the average also at 7.63#.
Yields accepted ranged from 5.95# (price 99.861) up to 5.99# (price
99.786) with the average at 5.98# (price 805).
LL/ Yields accepted ranged from 6.85# (price 100.074) up to 6.90^ (.price
99.898) with the average at 6.88# (price 99.968).
45/ Yields accepted ranged from 5.99# (price 100.019) up to 6.03# (price
99.944) with the average at 6.02# (price 99.963).
L6/ Yields accepted ranged from 6.98# (price 100.058) up to 7.03# (price
99.846) with the average at 7.02# (price 99.889).
42/ Yields accepted ranged from 5.84# (price 100.065) up to 5.89# (price
99.972) with the average at 5.87# (price 100.009).
42/ Prices accepted ranged from 100.00 (yield 7.24#) down to 99.76 (yield
7.29#) with the average to 99.81 (yield 7.28#).
49/ Prices accepted ranged from 98.54 (yield 7.75#) down to 98.13 (yield
7.78#) with the average at 98.25 (yield 7.77#).
50/ Yields accepted ranged from 6.20# (price 99.861) up to 6.25# (price
99.768) with the average at 6.23# (price 99.805).
51/ Yields accepted ranged from 6.75# (price 99.984) up to 6.82# (price
99.738) with the average at 6.80# (price 99.808).
52/ Yields accepted ranged from 6.11# (price 100.028) up to 6.14# (price
99.972) with the average at 6.14# (price 99.972).
53/ Yields accepted ranged from 7.27# (price 99.792) up to 7.30# (price
99.520) with the average at 7.29# (price 99.611).
54/ Yields accepted ranged from 6.25# (price 100.000) up to 6.35# (price
99.815) with the average at 6.34# (price 99.834).
52/ Yields accepted ranged from 6.78# (price 99.920) up to 6.85# (price
99.733) with the average at 6S84# (pri6e 99.760).
56/ Yields accepted ranged from 7.24# (price 100.054) up to 7.27# (price
99.892) with the average at 7.26# (price 99.946).
57/ Prices accepted ranged from 99.10 (yield 7.70#) down to 98.80 (yield
7.73#) with the average at 98.94 (yield 7.72#).
58/ Yields accepted ranged from 6.65# (price 99.954) up to 6.68# (price
99.899) with the average also at 6.68#.
59/ Yields accepted ranged from 6.80# (price 99.811) up to 6.85# (price
99.636) with the average at 6.84# (price 99.671).
60/ Yields accepted ranged from 6.71# (price 99.843) up to 6.75# (price
99.770) with the average at 6.74# (price 99.788).
61/ Yields accepted ranged from 7.15# (price 99.876) up to 7.20# (price
99.666) with the average at 7.18# (price 99.750).
62/ Yields accepted ranged from 7.20# (price 100.092) up to 7.29# (price
99.927) with the average at 7.27# (price 99.963).
63/ Yields accepted ranged from 7.22# (price 99.748) up to 7.25# (price
99.668) with the average at 7.24# (price 99.695).
64/ Yields accepted ranged from 7.66# (price 99.759) up to 7.71# (price
99.415) with the average at 7.69# (price 99.552).
65/ Yields accepted ranged from 7.92# (price 99.487) up to 7.95# (price
99.148) with the average at 7.94# (price 99.261).
66/ Yields accepted ranged from 7.12# (price 100.009) up to 7.14# (price
99.972) with the average at 7.13# (price 99.991).
67/ Yields accepted ranged from 7.29# (price 99.845) up to 7.32# (price
99.741) with the average at 7.31# (price 99.776).
68/ Yields accepted ranged from 7.16# (price 99.936) up to 7.23# (price
99.808) with the average at 7.20# (price 99.863).
69/ Yields accepted ranged from 7 . % # (price 99.575) up to 7.96# (price
99.228) with the average at 7.95# (price 99.315).
70/ Yields accepted ranged from 7.52# (price 99.963) up to 7.56# (price
99.891) with the average at 7.55# (price 99.909).
71/ Yields accepted ranged from 7.50# (price 99.936) up to 7.55# (price
99.794) with the average at 7.53# (price 99.850).
72/ Prices accepted ranged from 100.80 (yield 7.85#) down to 100.58
(yield 7.89#) with the average at 100.65 (yield 7.88#).
73 / Prices accepted ranged from 100.73 (yield 8.18#) down to 100.01
(yield 8.25#) with the average at 100.13 (yield 8.23#
74/ Yields accepted ranged from 7.67# (price 99.818) up to 7.71# (price
99.845) with the average at 7.70# (price 99.863).
25/ Yields accepted ranged from 7.87# (price 99.997) up to 7.90# (price
99.894) with the average at 7.89# (price 99.928).
76/ Yields accepted ranged from 7.50# (price 100.000) up to 7.57# (price
99.872) with the average at 7.56# (price 99.891).
22/ Yields accepted ranged from 7.93# (price 99.740) up to 7.95# (price
99.657) with the averape at 7.94# (price 99.698).
22/ Yields accepted ranged from 7.75# (price 100.000) up to7.82# (price
99.873) w l Oxi the average at 7.80# (price 99.909).
22/ Yields accepted ranged from 8.26# (price 99.933) up to 8.30# (price
9°.665) with the average at 8.29# (price 99.732).
80 / Yields accepted ranged from 99.23 (yield 8.45#) down to 98.91 (yield
8.48#) with the average at 99.02 (yield 8.47#).
21/ Yields accepted ranged from 8.00# (price 100.000) up to 8.10# (price
99.819) with the average at 8.09# (price 99.837).
22/ Yields accepted ranged from 8.24# (price 100.013 ) up to 8.28#
(price 99.877)with the average at 8.27# (pnee 99.911).
83/ Yields accepted ranged from 8.25# (price 100.000) up to 8.33# (price
99.855) with the average at 8.32# (price 99.873).
8U/ Yields accepted ranged from 8.62# (price 100.008) up to 8.63# (price
99.924) with the average also at 8.63#.
85/ Yields accepted ranged from 8.52# (price 99.964) up to 8.62# (price
99.784) with the average at 8.61# (price 99.802).
86/ Yields accepted ranged from 8.44# (price 99.831) up to 8.47# (price
co.75”
' >,ith the average at 8.46# (price 99.779).
87/ Yields accepted ranged from 8.28# (price 99.843) up to 8.4I# (price
99.166) with the average at 8.36# (price 99.426).
88/ Yields accepted ranged from 8.37# (price 100.055) up to 8.46# (price
99.079) with the average at 8.43# (price 99.402).
*
Less than $500,000.
p
Preliminary.
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5. - XJnmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date of
finaneing
Effective
interest
rate
Amount issued
(In millions)
Average price
per hundred
$343
240
1,880
2,462
2,300
2,855
5,155
$100.07
100.07
100.07
8.73#
8.73
8.73
7-1/4#
4-1/4#
2/
Note
Bond
99.717
99.717
7.70
7.70
6#
2/
Note
5/15/75-B
54
2,895
2,949
326
2,8
99.917
99.917
6.67
6.67
5-7/8%
Note
2/
8/3I/76-L
99.907
99.907
6.30
6.30
8-I/4#
2/
Note
9/30/76-J
99.842
99.842
5.96
5.96
^1/ 2 #
2/
Note
63?"
3,109
1,446
602
841
509
1,067
8,207
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8#
7-3/4#
4-3/4#
6-3/4#
5#
3-7/8#
4#
Note
Note
Note
Note
Note
Bond
Bond
Eligible securities exchanged
3,278
Note
8/15/78-C
5/15/74
7-5/8%
Note
8/15/78-E
5/15/75
6-5/8#-
Note
8/31/78-Q
8/31/76
1/4
6-1/4#
Note
9/30/78-R
9/30/76
5-7/8%
Note
10/31/78-G
11/1/76
I
_
_
5/15/74-D
5/15/74
3,195
I
\
98
2,82 2
10/31/76-0
2,921
11/15/78-B
11/15/71
_
_
_
_
_
-
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
5-3/4#
Note
11/30/78-T
11/30/76
136“
2,805
2,94JT
99.795
99.795
5.86
5.86
7-1/8#
2/
Note
8-1/8#
5-1/4#
Note
Note
12/31/78-H
12/31/78-U
10/22/75
12/31/76
99.899
99.775
99.775
8.14
5.37
5.37
7-1/4#
2/
Note
_
1979
5-7/8#
7#
2,517
252
3,124
3,376
Note
Note
1/31/79-L
2/15/79-H
2/3/77
2/L7/76
99.824
99.867
99.867
99.867
5.97
7.05
7.05
7.05
2/
6-I/4#
5-7/8#
2/
Note
Note
_
5-7/8#
Note
2/28/79-M
2/28/77
99.805
99.805
5.98
5.98
6%
2/
Note
2/28/77-F
6%
Note
3/31/79-N
3/31/77
99.963
99.963
6.02
6.02
6-3/2*
2/
Note
3/31/77-G
5-7/8#
Note
4/30/79-F
5/2/77
2,885
368
1,232
3,092
4,692
150
2,695
2,845
523
2,995
3,519
110
1,882
1,992
100.009
100.009
5.87
5.87
7-3/8#
2/
Note
4/30/77-H
99.937
101.95
99.805
99.805
7.89
7.52
6.23
6.23
2/
2/
6-3/4#
2/
7.83
2/
264
2,044
99.972
99.972
6.14
6.14
65
3,115
"i:i80
706
2,289
2,989
123
3,359
3,481
99.834
99.834
^.34
6.34
7-1/2#
2/
Note
99.907
88.907
6.91
6.91
7-1/2*
2/
Note
6.68
6.68
8-I/4#
2/
Note
99.899
I
7-7/8#
Note
5/15/79-D
6-1/8#
Note
5/31/79^-Q
11/6/74
1/7/75
5/31/77
1,016
1,253
190
1,898
7-3/4#
Note
Note
6/30/79-E
6/30/79-R
7/9/75
6/30/77
1,782
6-1/8%
6-1/4#
Note
7/31/79-S
8/1/77
6-7/8#
Note
8/15/79-J
8/16/76
6-5/8#
Note
8/31/79-T
8/31/77
Footnotes at end of table.
11/30/76-N
_
12/31/76-K
2/15/76-A
2/15/76-F
Note
_
5/31/77-1
Note
-
6/30/77-J
7/31/77-K
_
8/15/76-C
8/31/77-L
August 1978
43
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
$2,081
90
3,771
3,861
218
4,116
$99,840
99.788
99.788
Effective
interest
rate
Eligible securities exchanged
1979
8-1/2$
6-5/8$
Note
Note
9/30/79-F
9/30/79-U
9/4/75
9/30/77
7-1/4$
Note
10/31/79-V
10/31/77
/
\
/
^
/
\
4,334
595
1,009
1,604
220
2,021
8.54$
6.74
6.74
2/
8-3/8$
2/
99.963
99.963
7.27
7.27
99.40
99.40
100.88
100.88
Note
9/30/77-M
7-1/2$
2/
Note
10/31/77-N
6.73
6.73
4-7/8$
2/
Note
2/15/73-D
6.82
6.82
4-1/2$
2/
Bond
11/15/73
6-5/8$
Note
11/15/79-B
2/15/73
7$
Note
11/15/79-C
11/15/73
/
\
6-1/4$
Note
11/15/79-K
11/15/76
/
V
2,2a
70
3,306
3,376
99.704
99.704
6.36
6.36
6-1/4$
2/
Note
11/15/76-D
11/30/79-W
11/30/77
/\
P 2*
4,67%)
99.991
99.991
7.13
7.13
6-5/8$
Note
ll/30/77-Q
2J
Note
12/31/77-p
Note
1/31/78-J
7-1/8$
99.863
99.863
7.51
7.20
7.20
2/
7-1/4$
2/
1/31/78
/
V
272p
3,603p
3,875p
99.909
99.909
7.55
7.55
6-3/8$
2/
2/15/77
/
V
99.678
99.678
6.62
6.62
8$
2/
✓
*
1
1/23/59
\ 12/15/62
I
1,300
3,308
4,608
r
/
884
34
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings
2/
2/28/78
/
\
34
53p
3,763p
99.863
99.863
7.70
7.70
8$
2/
99.853
99.891
99.891
7.54
7.56
7.56
2/
6-3/4$
2/
99.909
99.909
7.80
7.80
6-1/2$
2/
Note
4/30/78-L
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4$
4-3/4$
2/
Note
Note
5/15/73-A
5/15/73-E
99.837
99.837
8.09
8.09
7-1/8$
2/
Note
5/31/78-M
2,185
794
3,605p
4,399p
99.693
99.873
99.873
7.71
2/
8.32
8.32
6-7/8$
2/
Note
6/30/78-N
859p
2,432p
3,296p
2,461
1,S35
4,296
99.802
99.802
8.61
8.61
£/
8.75
8.75
5-5/8%
2/
Note
8/15/74-B
Note
8/15/77-B
12/31/79-G
12/31/79-X
1/6/76
1/3/78
1980
7-1/2$
Note
l/31/80-K
2/15/80-G
2/15/80 1/
2/29/80-L
7-5/8$
100.00
328p
3>592p
' 3,«0p“
Note
Note
4$
4,791p
2,006
f
V
7-1/2$
7-1/8$
6-1/2$
,
2/15/77-A
2/28/78-G
3,816p
f 3/17/76
7-1/2$
3/31/80-0
7-3/4$
4/30/80-N
6-7/8$
Note
3/31/78
1
1
5/1/78
5/15/80-A
5/15/73
5/31/80-P
5/31/78
^
/
^
3,^91p
4.003P
428p
2,746p
^,174P
2,636
2,585
2,043
7,265
177p
2,898p
Note
3/31/78-K
3,074p
7-5/8$
8-1/4$
Note
Note
6/30/80-D
6/10/76
6/30/80-Q
6/30/78
f
V
Note
7/31/78-P
8-1/2%
Note
-
7/31/80-R
7/31/78
f
I
9$
Note
-
8/15/80-B
C/l^/7 4
/
I
6-3/4$
Note
8/15/80-H
8/15/77
f*
t
425
3,708
99.760
99.760
6.84
6.84
7-3/4$
2/
6-7/8$
7-1/8$
Note
Note
9/30/80-E
ll/l5/80-J
9/14/76
11/15/77
t
4,133
2,141
625p
3,975p
4,600p
99.799
99.695
99.695
6.93
7.24
7.24
2/
7-3/4$
2/
Note
11/15/77-E
7-3/4$
4-1/8$
Note
Bond
2/15/74-C
2/15/74
-
\
5-7/8
1981
Note
7$
Note
-
Footnotes at end of table.
12/31/80-F
2/15/81-A
12/7/76
2/15/74
2,692
r
/
25
302
\
1'515
1,842
101.15
101.15
99.867
100.28
100.28
100.28
6-7/8%
5.91
6.95
6.95
6.95
44
Treasury Bulletin
, PUBLIC DEBT OPERATIONS.
PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Description cxf securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1981
7-3/8#
Note
2/15/81-C 2d
2/18/75
6-7/8*
7-3/8*
Note
Note
-
3/31/81-H
5/15/81-D
4/5/76
3/8/77
1/26/76
7-1/2#
Note
-
5/15/81-M
2/15/78
6-3/4#
7-5/8#
Note
-
Note
-
6/30/81-J
8/15/81-F
6/3/77
7/9/76
7#
Bond
_
8/15/81
6-3/4#
Note
9/30/81-K
7-3/4#
Note
13/15/81-B
7#
7-1/4#
1982
6-3/8#
6-1/8#
Note
Note
11/15/81-G
12/31/81-L
$400
1,768
2,168
2,628
2,809
2,020
l,000p
2,890p
3,890p ,
$99,453
99.453
7.49#
7.49
5-3/4#
2/
99.980
99.968
99.892
99.849
99.849
7.38
6.88
7.40
7.53
7.53
2/
2/
2J
6-I/4#
2/
Note
-
2/15/78-A
99.808
6.80
2/
99.951
99.20
99.20
99.20
7.63
7.11
7.11
7.11
£/
8-1/4#
4#
2/
Note
Bond
_
-
8/15/71-F
8/15/71
99.671
99.628
99.628
6.84
7.82
7.82
2/
5-3/4#
2/
Note
-
11A5/74-A
101.25
99.641
99.776
7.70
7.08
12/7/77
2,543
3,452p
7.31
2/
2/
2/
505
2,697
2,850p
100.60
99.699
99.928
6.34
6.19
7.89
2/
2/
2/
100.00
100.00
8.00
2/
6#
Note
_
5/15/75-B
Note
_
8/15/71
(
9/7/77
11/15/74
3A9/75
10/12/76
Bond
Note
2/15/82 1 /
2/15/82-D
7-7/8#
Note
3/31/82-G
5/15/72
1/6/77
3/6/78
8#
Note
5/15/82-A
5/15/75
2,514
2,586
202
411
195
807
2,968
949
1,766
,
2,715
1,762
7#
Note
5/L5/82-E
4/4/77
1,233
1,514
2,747
2,613
99.889
7.02
2/
8-1/4#
Note
6/30/82-H
6/7/78
2,592p
99.911
8.27
2/
8-1/8#
Note
8/15/82-B
8/15/75
902
2,017
2.918
99.921
8.14
5-7/8#
7-7/8#
Note
11/15/82-C
11/17/15
384
2,518
2,902
99.762
99.762
7.92
7.92
7#
2/
7-1/8%
1983
7-7/8*
Note
11/15/82-F
10/17/77
2,737
99.750
7.18
2/
2,569p
?0
2,259
2,309
99.698
99.891
99.891
7.94
7.02
7.02
2/
6-1/4#
2/
100.00
100.00
7.25
7.25
8#
2/
Note
99.81
99.81
7.28
7.28
9#
2/
Note
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5#
4#
2-1/2*
6*
2-1/2*
5-3/4#
3-7/8*
5-3/4*
5-7/8*
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
99.946
99.946
7.26
7.26
7-3/4#
2/
' Note
100.65
100.65
7.88
7.88
6-1/4#
2/
Note
100.50
3.22
2/
7#
Note
5/15/83-C
4/5/78
Note
11/15/83-B
11/15/76
1984
7-1/4#
2/15/77
Note
2/15/84-A
2/15/7 5-A
Note
5/16/77
6-3/8#
Bond
8/15/84
8/15/72
7-1/4#
Note
8/15/84-B
8/15/77
k
881
2,024
2,905
2,623
2,909
5,533
15
252
221
133
I64
535
265
457
268
41
2,353
300
2,563
2,863
8/15/75-C
11/15/75-D
Note
Note
_
11/15/76-D
2/15/77-A
_
5/15/77-D
_
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/7VA
n/l5/74
2/15/75-A
2/15/75-E
_
_
_
_
_
_
_
8/15/77-B
,
1985
8#
Note
2/15/85-A
2/15/78
3-1/4#
Bond
5/15/85
6/3/58
Footnotes at end of table.
l,20Qp
2,994P
4,194P
1,135
2/15/78-A
August 1978
45
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Description of securities
Date of
financing
Amount issued'
(In millions)
T M
6-1/8$
Bond
-
11/15/86
11/15/71
1987
4-1/4$
Bond
-
8/15/87-92 .
7-5/8$
Note
-
ll/15/87-A
11/15/77
2/15/88-93
1/17/63
1988
IS
8-1/4$
Bond
5/15/88-A
Note
5
360
-J6L.
Bond
-
8/15/88-93
11/15/73
2/15/74
1989
4-1/8$
1990
8-1/4$
1992
7-1/4$
1993 ,
6-3/4$
7-7/8$
7$
8-5/8$
373P
2,014P
2,387p
---252“*
59p
l,541p
2 , 544p
5/15/78
8/15/73
7-1/2$
398
487
187
58
36
268
58
24
1.216
t
(
93
333
500
925
136
302
438
10
240
301
Average price
per hundred
Effective
interest
rate
$99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15$
6.15
6.15
6.15
6.15
6.15
6.15
6.15
101.00
101.00
101.00
4.19
Eligible securities exchanged
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8$
4$
Note
Note
Note
Note
Note
Bond
Bond
l/
4$
3-1/4$
2/
Note
Note
7.69
7.69
7-3/4$
2/
Note
99.85
99.732
99.732
99.732
4.01
8.29
8.29
8.29
.2/
7-1/8$
7-.7/8$
2/
95.05
95.05
95.05
8.00
8.00
8.00
8-1/8$
4$
2/
Note
Bond
_
-
8/15/73-B
8/15/73
100.14
100.14
7.78
7.78
4-1/8$
2/
Bond
_
11/15/73
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4$
4-1/8$
2/
Note
Bond
-
2/15/74-C
2/15/74
100.55
4.09
2/
Note
_
5/15/73-A
_
5/15/74
99.552
99.552
300
Bond
5/15/90
4/7/75
1,247
99.455
8.31
2/
Bond
-
8/15/92
7/8/77
l,504p
99.611
7.29
2/
6.79
7.95
7.11
7.11
£/
2/
8.63
2/
102.85
102.85
8.21
8.21
4-1/4$
2/
Bond
-
2/15/93
2/15/93
5/15/93-98
1/10/73
1/6/78
5/17/76
627
l,501p
40
652
692
99.50
99.315
98.75
98.75
-
8/15/93
7/11/78
l,765p
99.924
Bond
199A
ll/15/77-E
_
5/15/78-D
5/15/78-F
"551“
4/18/63
-
-
Note
Note
5/15/89-94
Bond
Bond
Bond
-
8/15/62-B
8/15/62-G
4.19
4.19
-
Bond
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
-
7-3/4$
2/
5/15/74
279
309
8/15/74
486
400
98.70
98.70
8.46
8.46
5-5/8$
2/
Note
11/15/74
885
196
142
603
941
103.04
103.04
103.04
8.37
8.37
8.37
5-3/4$
3-7/8$
2/
Note
Bond
150
752
902
99.191
99.191
7.95
7.95
5-3/4$
2/
Note
2/18/75
5/17/76
117
750
96.73
96.73
8.19
8.19
6-1/2$
2/
Note
_
5/15/76-B
11/15/76
8/15/75
1,001
313
801
1,114
150
1,001
100.79
997327
99.327
7.80
a:,44
3.44
2/
S-7/8$
2/
Note
-
8A5/75-C
538...
8-1/2$
Bond
5A5/94-99
C
1995
7-7/8$
Bond
8-3/8%
2/15/95-00
8/15/95-00
11/17/75
895p
l,501p
2,396p
5/15/78
1996
Bond
Footnotes at end of table.
8/15/96-01
8/16/76
C
250
983
1,575
8/15/74-B
11/15/74-A
11/15/74
-
2/15/75-A
101.50
101.50
8.33
8.33
7$
2/
Note
-
11/15/75-D
99.02
99.02
8.47
8.47
7-1/8$
Note
-
5/15/78-D
if
99.893
99.893
99.893
8.02
8.02
8.02
7-1/2$
6-1/2$
2/
Note
Note
_
8/15/76-C
8/15/76-G
-
46
Treasury Bulletin
____________________ PUBLIC DEBT OPERATIONS_______________________
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—Continued
Date of
financing
Description of securities
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
2000
5/15/75
8-1/4%
Bond
5/15/00-05
2/17/76
/
,
J
\
/
\
$220
630
754
1,604
215
402
617
f
2/15/78
L
450p
l,575p
2,G24p
2/15/77
f
\
391
753
5/16/77
/
<
^
>
Note
Note
-
5/15/75-F
5/15/75-B
6-1/4#
2/
Note
_
2/15/76-A
8.23
8.23
6-1/4#
2/
Note
_
2/15/78-A
99.941
99.941
7.63
7.63
8#
2/
Note
-
2/L5/77-A
98.25
98.25
98.25
7.77
7.77
7.77
6-7/8#
%
Note
Note
_
-
5/15/77-D
2/
/98.94
98.94
7.72
7.72
7-3/4%
Note
_
8/15/77-B
2/
7-3/4%
Note
_
11/15/77-E
$99,450
99.450
99.450
8.30#
8.30
8.30
6#
2/
101.75
101.75
8.09
8.09
100.13
100.13
5-7/8%
2002
7-5/8%
Bond
2/15/02-07
I
>
8/15/77
7-7/8%
Bond
11/15/02-07
11/15/77
1/ Additional issue.
2/ Issued for cash.
Treasury Notes, 7-3/8% Series C-1981 and 7-3/8% Series E-1981
2/
/
\
/
\
1,143
527
373
1,003
1,903
199
1,003
1,202
99.261
99.261
240p
l,255p
l,495p
*
p
7.94
7.94
2/
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary.
*
5/15/77-0
47
August 1978
PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. • Other than Bills J/
(In millions of dollars)
Allotments by investor classes
Issues
Date of
financ
ing
1/6/76
1/26/76
2/2/76
Description of securities
7-1/2#
7-3/8#
6-3/8#
j 7#
< 8#
18-1/4#
6-5/8#
7-1/2#
Note
Note
Note
Note
Note
Bond
Note
Note
- 12/31/79-G
- 5/15/81-D
- 1/31/78-J
- 2/15/79-H
- 2/15/83-A
- 5/15/00-05 8/
- 11/30/77-Q
- 3/31/80-C
6-3/4#
7-3/8#
f 6-1/2#
/ 7-7/8#
P7-7/8#
Note
Note
Note
Note
Bond
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
7-1/8#
7-5/8#
6-7/8#
7-5/8#
6-7/8#
Note
Note
Note
Note
Note
-
8/16/76
C 8#
IjS#
6-5/8#
6-7/8#
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
5/31/78-m
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
C6-7/8% Note -
8/31/76
9/14/76
9/30/76
10/12/76
11/1/76
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
2/15/77
2/28/77
3/8/77
3/31/77
4/4/77
5/2/77
5/16/77
5/31/77
6/3/77
6/30/77
7/8/77
8A/77
8/15/77
8/31/77
9/7/77
«
10/31/77
8/15/79-J
8/15/86-B
- 8/15/96-01
8/31/78-Q
- 9/30/80-E
6-1/4# Note - 9/30/78-R
7#
Note - 11/15/81-G
5-7/8# Note - 10/31/78-S
J6-1/4# Note - 11/15/79-K
\ 7#
Note - 11/15/83-B
^7-7/8# Bond - 2/15/95-00 8/
5-3/4# Note
5-7/8# Note
5-1/4# Note
6-1/8# Note
5-7/8# Note
f 6-1/2# Note
( 7-1/4# Note
1 7-5/8# Bond
5-7/8# Note
6-7/8# Note
6#
Note
7#
Note
5-7/8# Note
f7-1/4#
1.7-5/8#
6-1/8#
6-3/4#
6-1/8#
7-1/4#
6-1/4#
fl-3/4#
( 7-1/4#
V7-5/8#
1-3/8#
6-3/4#
6-5/8#
7-1/8#
11/15/77
/ 7-5/8#
V7-7/8#
7-1/8#
Tl/iO/77
12/7/77 I '/-lAf/o
1/3/78
1/6/78
1/31/78
2/15/78
2/28/78
Note
Bond
Note
Note
7-1/8#
7-7/8#
7-1/2#
(7-1/2#
/ 8#
\ 8-1/4#
y -5/8#
-
11/30/78-T
12/31/80-F
12/31/78-U
2A5/82-D
1/31/79-L
2/15/80-G
2/15/84-A
2/15/02-07
2/28/79-M
3/31/81-H
3/31/79-N
5/15/82-E
4/30/79-P
Amount issued
In
exchange
For
for
cash
securi
ties
2,006
2,020
2,511
3,092
1,600
6,019
1,939
402
215 '
2,628
-
2,274
4,747
751
2,485
2,185
2,639
2,586
2,855
82
692
-
82
692
-
2,239
8,039
983
2,895
2,141
2,869
700
1,476
592
54
326
98
70
50
136
252
_
1,300
881
391
150
523
110
700
1,476
592
54
326
98
70
50
136
252
_
1,300
881
391
150
523
110
2,623
900
190
264
65
425
300
199
123
90
2,623
900
190
264
65
425
300
199
123
90
218
625
373
240
218
625
373
240
112
-
2,543
2,823
3,306
2,259
1,001
2,805
2,692
3,124
2,697
2,855
3,308
2,024
752
2,695
2,809
2,996
2,613
1,882
Note
Bond
Note
Note
Note
Bond
Note
3,592
1,501
3,603
2,894
3,003
1,254
3,767
12/31/79-G
2/15/93
1/31/80-K
5/15/81-M
2/15/85-A
5/15/00-05 8/
2/29/80-L
189
1,600
1,939
215
97
300
472
117
2,910
1,004
1,897
2,514
2,044
1,504
3,115
3,708
2,563
1,003
3,358
2,968
3,771
2,737
4,116
3,975
2,014
1,255
4,679
3,452
-
-
97
300
472
117
2,069
3,065
2,628
2A 5/84-A 8/
- 2A5/02-07 2/
5/31/79-Q
6/30/81-J
6/30/79-R
8/L5/92
7/31/79-S
8/I5/8O-H
8A5/84-B
- 2A5/02-07 8/
- 8/31/79-T
Note - 9/30/81-K
Note - 9'30/79-U
Note - 11/15/82-F
10/31/79-v
11/15/80-J
Note - 11/15/87-A
Bonds - 11/15/02-07
Note - 11/30 /70-W
Note - 32/31/b'-L
Note
Bofid
Note
Note
Note
Bond
Note
Note
Note
Bond
Note
U.S. Gov
ernment
accounts Commer
cial
and
Federal banks
Reserve 2/
banks £/
112
328
-
272
1,000
1,200
771
53
328
272
1,000
1,200
771
53
1,010
1,121
1,252
1,675
1,761
91
1,508
1,030
1,684
1,198
1,246
1,894
166
Indi
vidu
als
U
77
25
52
122
2,285
8
61
162
152
119
126
l,ia
12
1,329
1,116
1,415
1,161
1,663
1,187
2,356
346
1,219
909
1,629
1,356
1,307
1,227
906
313
1,176
1,234
1,168
1,385
1,156
1,704
981
138
1,001
1,276
1,24V
1,376
707
68
178
134
94
59
180
3,548
29
85
121
1,172
140
557
765
607
589
1,426
1,351
889
198
1,189
1,318
1,424
1,014
1,793
1,860
649
525
1,810
1,418
1,398
562r
1,738
1,439
1,267
242
1,565
65
88
46
67
140
31
34
43
37
54
40
100
128
51
Insur
ance
compa
nies
11
17
2
19
117
5
11
9
26
17
122
2
Mutual Corpo
sav
rations
ings
banks 5/
Private
pension
and re
tire
ment
funds
State and local
governments 6/
Pension
and re
tire
ment
funds
*
13
35
11
32
36
11
11
12
55
29
101
32
25
22
32
49
496
9
36
40
121
38
26
407
40
158
32
78
101
24
117
672
22
116
5
21
300
10
2
2
26
34
2
23
44
1
3
19
6
18
12
13
16
12
13
20
14
168
3
2
26
7
17
126
13
62
12
11
33
70
15
52
5
23
8
214
3
5
10
8
22
4
18
344
12
7
20
18
5
5
2
2
39
6
*
*
1
4
*
*
39
40
*
3
1
Other
funds
11
12
8
46
36
*
7
7
4
17
14
82
19
42
31
19
7
24
7
71
5
35
12
5
7
23
5
10
4
6
5
3
41
6
44
16
1
Dealers
and
brokers
175
101
595
815
89
250
340
568
648
561
852
358
346
469
506
588
632
1,038
748
494
179
479
673
■ 770
471
44
15
13
16
5
15
18
14
74
44
54
26
58
24
51
33
43
72
21
5
7
16
23
9
3
2
20
16
40
13
6
34
70
72
83
29
29
116
83
43
37
154
71
90
90
13
44
104
35
8
46
9
44
1
276
63
58
50
36
110
57
95
229
44
58
16
2
7
6
7
12
5
18
22
144
8
183
90
40
62
45
95
76
189
232
55
111
54
110
55
4
10
10
24
34
15
2
52
5
9
16
3
20
6
29
28
1
26
5
27
16
22
21
16
1
12
20
12
12
103
119
253
187
128
15S
164
?39
246
18
37
9
3
5
37
12
35
76
24
18
7
14
3
18
27
21
20
26
8
3
1
1
1
2
4
4
35
*
*
1
*
1
1
194
7
3
2
1
28
10
12
14
6
7
?o
20
1,024
537
661
816
475
624
531
1,096
769
488
983
607
958
832
821
731
784
499
1,076
628
2
5
36
38
17
1
36
165
269r
184
189
149
101
102
3
17
6
17
36
7
26
1
*
4
13
6
106
1
154
17
16
13
9
14
4
939
602
877
453
921
713
790
273
22
184
87
172
31r
159
293
476
51
155
1
7
16
42
7
7
17
18
16
28
9
5
*
_
1
2
1
9
3
7
*
*
2
3
3
3
98
4
4
2
1
*
11
14
9
15
12
5
24
9
13
2
33
2/
666
650
24
5
11
22
4
9
3
6
23
8
33
34
23
8
10
5
9
2
14
6
2
All
other
829
775
1,025
800
589
953
861
3,035
668
899
863
640
440
804
617
562
609
484
314
808
*
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
592
116
587
923
286
8
552
491
816
358 687
355
22
8
782
614
1,008
370
557
155
18
544
780
858
11
976
882
301
12
932
869
1080
544
1,002
886
98
8
1,289
1,011
753
2r
576
423
85
12
1,081
48
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. • Other than Bills A/—Continued
(In millions of dollars)
Issues
Allotments by investor.classes
Amount issued
Date of
financ
ing
3/6/78
3/31/78
4/5/78
5/1/78
5/15/78
Description of securities
7-7/8# Note _
7-1/2# Note 7-7/8# Note ^7-3/4# Note
/ 8-1/4# Note
V 8-3/8* Bond
-
For
cash
In
exchange
for
other
securi
ties
U.S. Gov
ernment
accounts Commer
cial
and
Federal
banks
Reserve
1/
banks 2J
Indi
vidu
als
A/
Private
Insur Mutual
Corpo pension
ance
sav
rations and re
compa ings
tires
nies
banks i/
ment
funds
2,853
3,695
2,573
312
-
312
-
1,305
l,896r
1,251
72
217
99
9
9
5
24
18
20
118
214
84r
16
9
21
4/30/80-N
2,752
5/15/88-A
2,548
8/15/95-008 f 1,502
428
1,600
895
428
1,600
895
1,308
826r
405r
130
177r
36
6
15r
4
16
3r
1
43
287
102
5
65
19
3/31/82-G
3/31/80-C
5/15/83-C
_
-
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
1/ Excludes 1-1/2# Treasury notes issued in exchange to holders of nonmarketable 2-3/4# Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Inclueds trust companies and stock saving banks.
U Inclueds partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
State and local
governments 6/
Pension
and re
tire
ment
funds
10
2
2
3
54r
115
Other
funds
Dealers
and
brokers
Allother
1/
12
13
7
833
314
640
454
l,003r
444r
13
12
182r
592
1,020
603
636
87r
35r
6/ Consists of trust, sinking, and investment funds of State and local
government and their agencies.
Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopeing of earlier issue.
* Less than $500, 000.
r Revised.
2/
August 1978
49
,PUBLIC DEBT
OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—Continued
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
series 1/ ipation
series
52-week
series
(Percent)
1/13/76
2/10/76
3/9/76
1/11/77
2/8/77
3/8/77
5.578
5.572
6.010
3,069
2,930
< 3.105
U.S. Gov
ernment
accounts
and Federal
Reserve
banks 2j
509
718
441
796
748
597
802
859
777
881
855
1,447
1,435
782
332
841
1,042
455
932
545
646
956
154
70
60
2
40
27
12
17
87
899
1,070
2/8/77
2/7/78
5.344
3,105
691
3/8/77
3/7/78
5.226
3,208
4/5/77
5/3/77
4/4/78
5/2/78
5.158
5.160
3,342
2,966
984
760
894
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
5/31/77
5/30/78
5.403
2,454
544
486
932
333
6/28/77
7/26/77
6/27/78
7/25/78
5.408
5.648
2.253
3,038
857
424
980
8/23/7/
9/20/77
10/18/77
8/22/78
6.105
6.156
6.619
6.542
6.545
6.552
6.814
3,005
3,036
3,162
3,587
3,838
934
679
863
902
826
981
3,205
3.253
913
644
3,321
3,346
3,025
2,478
2,784
11/15/77
12/13/77
1/10/78
2/7/78
9/19/78
10/L7/78
11/14/78
12/12/78
1/9/79
2 / 6/79
3/7/78
3/6/r,9
6.859
4/4/78
4/3/79
6.877
5/2/78
5/1/79
7.073
5/30/78
6/27/78
5/29/79
6/26/79
7.417
7.678
"ource:
Bd&ed on subscription and allotment reports. For detail of
offering see Table PD0-4.
1/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
_ tinder the unified budget concept.
3J Exclusive of banks and insurance companies.
4/
2/
717
891
1,083
1/10/78
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
Corpo
rations
806
587
7 95
5.781
5.645
6.309
6.082
5.887
5.634'
5.561
5.126
5.201
4.708
4.728
4/6/76
Commer
cial
banks
986
959
934
864r
844
844
860
9-n
740
927
804
3,377
1,088
959
436r
698r
535
Dealers
and
brokers
All
other 4/
94 3
786
97 1
556
567
250
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
698
584
501
387
314
336
292
485
568
914
707
199
786
9
11
27
739
530
406
47
99
6
54
40
1,134
555
1,053
2
80
83
6
22
24
41
27
40
27
45
11
16
12
423
592
890
1,061
957
1,127
1,227
945
850
893
94 4
1,123
575
716
951
558
517
547
452
509
246
368
870
662
516
542
327
439
521r
325r
677
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
* Less than $500,000.
r Revised
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills
Description
Issue
date
Amount
out
standing
Cash
retire
ment
Exchange
security
offered
_
_
-
-
-
-
1/13/76
1/31/76
2/10/76
2/15/76-A
2/15/76-F
3/9/76
3/31/76-H
4/1/76-EA
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76-B
5/15/76-E
5/31/76-M
6/1/76
1/14/75
4/14/75
2/11/75
2/15/69
8/15/72
3/11/75
4/9/74
4/1/71
4/8/75
12/5/75
4/8/76
5/6/75
5/15/69
5/15/72
3/25/72
6/3/75
2,001
1,586
2,103
3,739
4,945
2,102
2,288
27
2,205
‘ 2,002
2,503
2,435
2,697
2,802
1,580
2,404
2,001
1,586
2,103
1,165
3,713
2,102
2,191
27
2,205
2,00?
2,503
2,435
2,336
2,274
1,498
2,404
6/29/76
6/30/76
7/27/76
8/15/76
8/15/76
6.292#
8-3/4#
6.782#
7-1/2*
6-1/2*
-
6/29/76
6/30/76-1
7/27/76
8/15/76-C
8/15/76-G
7/3/75
5/15/74
7/29/75
10/1/69
2/15/73
2,591
2,703
2,293
4,194
3,883
2,591
2,011
2,293
3,434
2,216
8/24/76
7.331# Bill - 8/24/76
8/26/75
2,893
2,893
-
8/31/76
5-7/8* Note - 8/31/76-L
3/3/75
1,662
1,608
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
11/18/75
9/8/71
4/8/75
12/16/75
12/31/74
1/13/75
2/10/76
2/15/70
3/3/75
3/9/76
3/31/75
4/1/72
4/6/76
4/30/75
5/4/76
2/15A4
8/15/74
6/1/76
5/27/75
2,86o
2,023
11
3,062
1,579
3,245
4,325
1, '>07
3,253
2,282
3,069
2,930
5,163
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,9?1
2,137
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,069
2,930
2,591
1,515
3,105
2,053
5
3,203
1,469
3,335
2,038
2,333
2,921
1,947
54
326
98
120
136
252
2,572
150
523
110
527
2,996
190
^
Bill
Note
Bill
Note
Note
2,522 2/
1,232 u
-
97 5/
-
-
_
692 2/
1,102 IQ/
3,667 11/
12/
7.340*
8-I/4*
1-1/2*
6.600*
6-1/2*
6.010*
6-1/4*
7-1/8*
6.440*
7-1/4#
5.578*
5.572*
8*
6*
6.010#
6-1/2#
1-1/2*
5.781*
7-3/8*
5.645#
6-7/8*
9*
6.109*
6-3/4*
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
-
9/21/76
9/30/76-J
10/l/76-E0
10/19/76
10/31/76-0
11/15/76
11/15/76-D
11/30/76-N
12/14/76
12/31/76-K
1/11/77
2/8/77
2/15/77-A
2/28/77-F
3/8/77
3/31/77-G
4/1/77-EA
4/5/77
4/30/77-H
5/3/77
5/15/77-C
5/15/77-D
5/31/77
5/31/77-1
6/28/77
6/30/77
7/26/77
7/31/77
8/15/77
8/23/77
8/31/77
9/20/77
9/30/77
10/1/77
10/18/77
10/31/77
6.082*
6-1/2*
5.739*
7-1/2#
7-3/4*
5.634#
8-I/4#
5.561*
8-3/8*
1-1/2*
5.126*
7-1/2*
Bill
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
Bill
Note
-
6/28/77
6/30/77-J
7/26/77
7/31/77-K
8/15/77-B
8/23/77
8/31/77-L
9/20/77
9/30/77-M
10/l/77-k0
10/18/77
10/31/77-N
6/29/76
6/30/75
7/27/76
7/31/75
8/15/70
8/24/76
8/29/r,5
9/21/76
9/30/75
10/1/,2
10/19/76
10/31/75
2,612
2,170
2,977
1,516
4,918
2,953
2,021
2,917
3,226
17
3,095
3,156
2,612
1,906
2,977
1,451
3,994
2,953
1,898
11/15/77
11/15/77
11/30/77
7-3/4* Note - 11/15/77-E
5.201* Bill - 11/15/77
6-5/8* Note - U/30/77-Q
11/15/74
11/15/76
3/3/76
3,630
3,402
2,628
2,392
3,402
2,516
1,238 2i/
112 22/
12/13/77
12/31/77
1/10/78
1/31/VH
2/7/78
2/15/78
2/28/78
3/7/78
3/31/78
4/1/78
4/4/78
4/30/78
5/2/78
5/15/78
5/15/78
5/30/78
4.708*
7-1/4*
4.7?*?
6-3/8*
5.344*
6-1/4*
8*
5.226*
6-3/4*
Bill
Note
Bill
Note
Bill
Note
Note
Bill
Note
-
12/13/77
12/31/77-P
1/10/78
l/^l/78-J
2/7/78
2/15/78-A
2/28/78.G
3/7/78
3/31/78-K
12/14/76
12/31/75
1/1L/77
2/2/76
2/8/77
2/15/71
10/7/75
3/8/77
3/33/76
3,50;
2,765
3,071
2,511
3,105
8,389
2,115
3,208
3,162
3,505
2,437
3,071
2,239
3,105
5,418
2,062
3,208
2,850
?28
275
2,971
53
_
312
1-1/2%
5.158*
6-1/2*
5.1607.
7-1/8%
7-7/8%
5.403%
Note
Bill
Note
Bill
Note
Note
Bill
-
4/1/78-EA
4/4/78
4/30/78-L
5/2/78
5/15/78-D
5/15/78-F
5/30/78
4/1/73
4/5/77
5/17/76
15'
15
2, '74
2,146
5/3/77
2/18/75
8/15/75
5/31/77
2,966
3,960
4,423
2,454
2,966
3,006
2,882
2,454
Footnotes at end of Table
_
264
65
924
123
90
_
218
-
-
361 6/
528 2/
82 8/
-
9/21/76
9/30/76
10/1/76
10/19/76
10/31/76
11/15/76
11/15/76
11/30/76
12/14/76
12/31/76
1/11/77
2/8/77
2/15/77
2/28/77
3/8/77
3/31/77
4/1/77
4/5/77
4/30/77
5/3/77
5/15/77
5/15/77
5/31/77
5/31/77
2,917
3,136
17
3,095
2,938
Turned
Fxehanged in for
cash 2/
_
6.378* Bill
6.560# Bill
5.313# Bill
6-1/4# Note
5-7/8# Note
5.6377. Bill
8#
Note
1-1/2# Note
6.474# Bill
5.823# Bill
4.834# Bill
6.400* Bill
6-1/2# Note
5-3/4# Note
6#
Note
5.803# Bill
1/13/76
1/31/76
2/10/76
2/15/76
2/15/76
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
Results of ex
change offers
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
12/
14/
15/
16/
12/
18/
12/
20/
21/
22/
22/
2U
i2/
26/
21/
28/
22/
20/
22/
jlJ
25/
26/
22/
_
428 28/
_
954 39/ I
1,541 40/
1
_
-
_
-
_
-
-
-
_ _
-
-
_
-
_
_
-
_
_
_
_
-
-
-
-
-
_
-
_
_
-
_
-
Description of new
securities offered
(See also Table PD0-4)
51
August 1978
__________ PUBLIC DEBT OPERATIONS_____________
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—Continued
5/31/78
6/27/78
6/30/78
7/25/78
7/31/78
Disposition offers
by Treasury
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
7-1/8$
5.408$
6-7/8$
5.648$
6-5/8$
Footnotes on following page.
Note
Bill
Note
Bill
Note
-
5/31/78-M
t m
6/1/76
i h
7/25/78
7/31/78-P
7/26/77
7/30/76 i
Amount
out
standing
2,567
§ $ 2
3,038
2,855
Cash
retire
ment
2,390
2,253
2,537
3,038
2,480
Exchange
security
offered
Results of ex
change offers
Exchanged
Turned
in for
cash 2J
177 41/
794 42/
375 42/
:
-
Description of new
securities offered
(See also Table PD0-4)
Treasury Bulletin
52
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
Source:
Bureau of the Public Debt.
1/ Original call and maturity dates are used.
7 j All by investors other than Federal Reserve banks.
2/ Exchanged by Federal Reserve banks and Government accounts for
$368 million of 7$ notes of Series H-1979* $1,939 million, of S$ notes
of Series A-1983 and $215 million of 8-1/4# bonds of 2000-05
issued February 17, 1976.
4/ Exchanged by Federal Reserve banks and Government accounts for 7$
notes of Series H-1979 issued February 15, 1976.
5/ Exchanged by Federal Reserve banks and Government accounts
For 6-3/4$ notes of Series K-1978 issued March 31, 1976
£/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8$ notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8$ bonds of 1995-20000 issued May 17, 1976.
7/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2% notes of Secies L-1978 and $196 million of 7-7/8%
notes of Series A-1986, and $32 million of 7-7/8% bonds of 1995-2000
issued May 17, 1976.
$ / Exchanged by Federal Reserve banks and Government accounts for 7-1/8$
notes of Series M-1978 issued June 1, 1976.
2/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8$
notes of Series N-1978 issued June 30.
10/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8$ notes of Series J-1979, $60 million of 8$ notes of
Series B-1986, and $342 million 8$ bonds of 1996-2001 issued August 16,
1976.
1\/ 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.
12/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8$
notes of Series Q-1978 issued August 31, 1976.
13/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4$
notes of Series R-1978 issued September 30, 1976.
!&/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8$
notes of Series S-1978 issued November 1, 1976.
15/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/4$ notes of Series K-1979 and $50 million of 77.
notes of Series B-1983 issued Novenber 15, 1976.
Exchanged by Federal Reserve banks and Government accounts for 5-3/4$
notes of Series T-1978 issued November 30, 1976.
17/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4$
notes of Series U-1978 issued December 31, 1976.
18/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2$ notes of Series C-1980, $881 million of 7-1/4$
notes of Series A-1984 and $391 million of 7-5/8$ bonds of 2002-2007
issued February 15, 1977.
19/ Exchanged byFederal Reserve banks and Government accounts for 5-7/8%
notes of Series M-1979 issued February 28, 1977.
20/ Exchanged by Federal Reserve banks and Government accounts for 6$
notes of Series N-1979 issued March 31, 1977.
21/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8$
notes of Series P-1979 issued May 2, 1977.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8$
bonds of 2002-2007 issued May 16, 1977.
22/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/4$ notes of Series A-I984 and $373 million of 7-5/8$
bonds of 2002-2007 issued May. lo, 1977.
2/iJ Exchanged by Federal Reserve banks and Government accounts for 6-1/8$
notes of Series Q-1979 issued May 31, 1977.
21/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8$
notes of Series R-1979 issued June 30, 1977.
£6/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4$
notes of Series S-1979 issued August 1, 1977.
2Z/ Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/4$ notes of Series H-1980, $300 millions of 7-1/4$
notes of Series B-1984, and $199 of 7-5/8$ bonds of 2002-07
issued August 15, 1977,
22/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8$
notes of Series T-1979 issued August 31, 1977.
22/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8$
notes of Series U-1979 issued September 30, 1977.
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4$
notes of Series V-1979 issued October 31, 1977.
21/ Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/8$ notes of Series J-I98O, $373 million of 7-5/8$ notes
of Series A-1987 and $240 million of 7-7/8$ bonds of 2002-07 issued
November 15, 1977.
2 2 / Exchanged by Federal Reserve banks and Government accounts for 7-1/8$
notes of Series W-1979 issued November 30, 1977
22/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2$
notes of Series X-1979 issued January 3, 1978.
24/ Exchanged by Federal Reserve banks and Government accounts for 7-1/2$
notes of Series K-1980 issued January 31, 1978.
22/ Exchanged by Federal Reserve banks and Government accounts for $1,000
million of 7-1/2$ notes of Series M-1981, $200 million of 8$
notes of Series A-1985 and $771 million of 8-1/4$ bonds of 2000-05
issued February 15, 1978.
^6/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8$
notes of Series L-1980 issued February 28, 1978.
22/ Exchanged by Federal Reserve banks and Government accounts for an
additional amounts of 7-1/2$ notes of Series C-1980 issued March 31,
1978.
38/ Exchanged by Federal Reserve banks and Government accounts for 7-3/47.
notes of Series N-1980 issued May 1, 1978.
29/ Exchanged by Federal Reserve banks and Government accounts for $59
million of 8-1/47. notes of Series A-1988 and $895 million of 8-3/87.
bonds of 1995-2000 issued May 15, 1978.
40/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4%
notes of Series A-1988 issued May 15, 197a.
41/ Exchanged by Federal Reserve banks and Government accounts for 8$ notes
of Series P-1980 issued May 31, 1978.
42/ Exchangedby Federal Reserve banks and Government accounts for 8-1/4$
notes of Series Q-1980 issued Tune 30, 1978.
42/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2$
notes of Series R-I98O issued July 31, 1978.
August 1978
53
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable In U.S. dollars; dollar amounts in millions)
Amount
Jfonth of
activity
Issue
date
Securities
7/10/75
10/09/75
10/16/75
10/28/75
10/30/75
Bills
1976-Jan............
Certificates of indebtedness
Notes
Bills
Feb ........................
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
^ 1/29/76
Mar ........................ /Certificates of indebtedness
Notes
>
Bills
Apr ........................
Certificates of indebtedness
Notes
BiUs
Issued
_
1/08/76
1/08/76
1/15/76
_
«
40
40
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4A5/76
4/15/76
4/22/76
2/26/76
2/26/76
35
187
163
74
41
185
40
80
-
1/27/76
1/23/76
2/05/76
6.70
5.90
5.60
10/24/74
1/29/76
1/29/76
1/29/76
1/29/76
10/31/77
8/15/78
11/15/78
7.80
7.50
7.625
6.00
50
50
150
175
-
*11/13/75
1/08/76
1/27/76
1/27/76
, 2/05/76
2/13/76
2/26/76
2/26/76
V. 2/26/76
2A3/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
40
236
40
60
60
233
40
40
120
-
'l2/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2A3/76
2/13/76
2/13/76
2A3/76
2/13/76
2/05/76
i/06/76
i/13/76
2/13/76
2A3/76
5/05/76
5/05/76
5/05/76
5/13/76
5A3/76
5/13/76
5/13/76
5/13/76
5A3/76
9/ 04/75
2/26/76
3/04/76
3/04/76
3/25/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
f 2/05/76
2A3/76
2/13/76
J 2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
5/05/76
5/13/76
5A3/76
5/13/76
5A3/76
6/09/76
6/16/76
6/18/76
6/18/76
r
I
(
I
L
f 7/19/72
\ 3/22/76
3/22/76
2/15/83
10/09/75
1/15/76
t 1A5/76
1/22/76
4/08/76
^ 4/15/76
4/15/76
4/15/76
4/22/76
10/07/76
10/14/76
_
_
_
-
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
3/18/76
5/06/76
5/06/76
6/09/76
6/16/76
6/18/76
5.75
7.60
_
4.85
4.85
5.10
5.00
5.00
4/01/76
1/31/78
6.375
f 2/06/76
2/13/76
5/06/76
I 5A 3/76
f 2/06/76
2/13/76
2A3/76
2/13/76
2/13/76
5/06/76
2/06/76
2/06/76
< 3/09/76
3/16/76
4/08/76
5/13/76
11/04/76
11/12/76
5/06/76
5/13/76
5/13/76
5/13/76
5/13/76
_
48
15
4
26
_
500
_
43
192
-
4.85
4.90
4.90
4.90
4.90
40
243
_
_
_
-
l^
on ; non
U'tU
►
20,070
>
20,013
15
196
_
-
1<
80
40
27
26
6
9
5
500
"
42
163
187
97
20
19
11
13
4
<
f
>1
100
_
20,002
*
42
48
163
196
15
_
40
40
40
11
13
►
40
20
25
-
54
20
163
26
Total outstanding
end of month
Retired
1 *7/29/75
12/02/75
12/02/75
L.
Bills
Interest
rate
(percent)
97
40
120
_
-
Certificates of indebtedness
T
Maturity
date
40
236
_
-
9
15
54
147
15
Treasury Bulletin
.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
Issue
date
Securities
1976-May......................
Certificates of indebtedness
Bills
Notes
Bills
July.......... [ Certificates of indebtedness
Notes
s»
Bills
Aug........... I Certificates of indebtedness
Notes
Bills
Certificates of indebtedness
Notes
Bills
Certificates of indebtedness
Oct...........
Notes
v
Bills
Interest
rate
(percent)
f 2/13/76
I 3/19/76
5/06/76
5/06/76
5/13/76
5A3/76
5/13/76
5A3/76
^ 5A3/76
5A3/76
6/18/76
8/06/76
8/06/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
f 12/04/76
i 1/08/76
\ 2/26/76
V, 6/03/76
6/03/76
7/08/76
6/24/76
12/02/76
_
_
_
-
5/13/76
8/13/76
5.10
c 6/25/76
< 6/25/76
V 6/28/76
6/25/76
11A5/82
3/31/78
6.65
7.60
6.75
f
J
1
V
2/26/76
4/15/76
7A5/76
7/29/76
7/29/76
7/15/76
10/14/76
8/26/76
f
\
5/13/76
5/13/76
8/13/76
8/13/76
5.10
5.10
f 7/07/71
J 7/14/71
< 1/23/75
I 7/07/76
V, 7/14/76
7/07/76
7/14/76
8/15/76
8/15/76
8/15/76
6.85
6.80
7.50
7.65
7.55
f
3/4/76
7 7/29/76
]
8/5/76
L 8/26/76
8/5/76
8/26/76
9/2/76
9/30/76
1 5/13/76
1 5/13/76
< 5/13/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
5.10
5.10
5.10
5.20
5.20
8/28/75
8/28/75
10/2/75
10/2/75
8/6/76
8/9/76
8/9/76
8/10/76
8.25
6.50
7.125
7.25
f 3/04/76
< 8/05/76
1 9/02/76
9/02/76
9/02/76
9/30/76
/ 8/13/76
\ 8/13/76
9/21/76
9/24/76
f 3A5/72
I 9/15/76
9/15/76
2/15/81
f 4/08/76
4/15/76
1 7/15/76
< 10/07/76
10/07/76
10/14/76
10/14/76
1/06/77
10A4/76
^10/14/76
1/13/77
1/13/77
2.50
7.375
_
_
-
8/13/76
8/13/76
10/01/76
\ 10/29/76
I 10/29/76
10/29/76
1^10/29/76
11/12/76
11/12/76
11/09/76
1/28/77
4/29/77
7/29/77
10/28/77
5.20
5.20
5.10
4.95
5.25
5.35
5.50
10/01/76
9/30/78
8 /1 5 /a
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
6.25
7.625
5.70
5.80
5.95
6.00
6.05
6.15
6.20
6.25
_
_
_
June.......... * Certificates of indebtedness
>
Maturity
date
*
<
]
V.
10/14/76
10/28/76
10/29/76
10/29/76
10/29/76
1 10/29/76
10/29/76
10/29/76
10/29/76
^10/29/76
5/06/76
5/13/76
11/04/76
11/12/76
4/14/77
Amount
Issued
_
9
54
147
15
196
_
-
Retired
196
26
_
-
_
_
600
20
600
100
_
-
_
_
_
_
60
165
_
-
167
60
_
25
20
19,901
-
200
200
100
_
-
^
19,758
*
40
60
_
82
15
196
_
-
-
75
75
100
100
60
40
20
-
_
19,916
54
47
_
►
9
_
-
47
35
60
-
_
_
200
200
_
20
60
„
_
62
211
Total outstanding
end of month
I
/
19,368
4
10
25
19,215
158
J
160
_
_
_
43
197
169
_
200
143
144
144
144
400
100
43
192
167
_
_
169
15
196
_
_
_
_
-
48
48
48
48
_
_
_
_
_
-
_
40
96
96
96
96
-
40
250
243
►
✓
20,691
August 1978
55
PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreig n Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Securities
1976-Nov...........
Notes
p
Bills
[ Certificates of indebtedness
Notes
r
Bills
Certificates of indebtedness
Feb...........
Notes
>
Bills
Certificates of indebtedness
Mar...........
Notes
Bills
Apr...........
Certificates of indebtedness
Notes
^Bonds
Bills
Jfey...... .
Certificates of indebtedness
-
10/01/76
10/29/76
1 12/01/76
' 5/29/75
110/30/75
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
5.10
4.95
4.30
6.65
7.375
47
240
40
300
_
15
-
\ L0/07/76
Bills
Certificates of indebtedness
June...........
/
| Notes
-
I 1/06/77
10/29/76
\ 12/31/76
5/29/75
I 1/28/77
) 11/04/76
( 2/03/77
^ 2/23/77
10/29/76
r 5/29/75
{ 10/02/75
V. 2/28/77
f 12/09/76
, 12/28/76
> 2/23/77
10/29/76
7/19/72
9/15/72
5/27/75
3A0/77
3/15/77
3/22/77
3/25/77
3/31/77
fL0/14/76
J 12/14/76
( 2/23/77
4A4/77
L 4/14/77
10/29/76
r 5/27/75
{ 6/19/75
V. 4/27/77
4/19/77
(11/12/76
2/03/77
2/23/77
5/05/77
5/12/77
^ 5/26/77
10/29/76
f
J
Notes
Issued
^ 3/25/76
6/03/76
12/02/76
12/09/76
12/14/76
y12/28/76
(10/30/75
11/04/76
VJ.l/12/76
Certificates of indebtedness
Amount
_
200
200
Notes
Bills
Interest
rate
(percent)
5.20
4.95
6.50
7.75
7.75
1 8/13/76
(j.0/29/76
Dec...........
...........
Maturity
date
11/12/76
1/28/77
3/31/77
11/15/81
11/15/81
12A4/76
12/02/76
6/02/77
3/10/77
4/14/77
3/31/77
Certificates of indebtedness
>
1977-Jan...........
date
1/09/75
5/27/75
6/19/75
\ 5/16/77
5/19/77
L 5/27/77
r 12/02/76
1/06/77
( 5/26/77
| 6/02/77
L 6/09/77
10/29/76
f 6/26/72
6/05/75
/ 6/19/75
J 11/28/75
^ 6/03/77
1/28/77
3/31/77
1/28/77
5A5/82
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
3A0/77
3/31/77
5/26/77
4/29/77
3/22/77
3A5/77
3/25/77
3/31/80
3/31/80
2/15/84
11A5/79
12/31/80
4A4/77
4A4/77
5/26/77
10/13/77
10/13/77
4/29/77
4/27/77
4/19/77
8/15/81
2/15/82
5/12/77
5/05/77
5/26/77
8/04/77
llAO/77
8/25/77
7/29/77
5A9/77
1/31/79
2/15/82
1/15/83
6/02/77
8/09/77
8/25/77
12/01/77
9/08/77
7/29/77
6/27/77
6/04/77
6/20/77
6/30/77
3/31/81
4.95
4.30
6.65
8.00
5.25
6.90
6.00
9.00
_
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
_
5.25
6.90
6.79
7.625
6.375
_
5.35
6.875
7.00
6.79
5.875
6.375
8.00
_
5.35
5.95
6.90
6.83
6.50
6.875
43
_
300
40
30
_
300
_
200
100
500
260
500
_
202
40
_
300
200
_
40
256
10
100
300
300
47
43
*■
200
Total outstanding
end of month
Retired
20,908
27
36
125
40
47
200
60
300
150
*
20,753
•<
43
47
15
300
40
45
300
100
240
300
5
56
500
157
260
_
197
40
7
42
300
303
250
40
18
45
100
300
300
47
43
10
“
~
56
600
200
300
100
^
20 689
►
20,575
H
J
S.
20,617
►
►
20,469
►
20,423
*■
>
^
20,357
56
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8. • Foreign Series Securities (Nonmarketable)
Issued t$ Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)
Ifonth of
activity
Securities
Issue
date
Maturity
date
Interest
rate
(percent)
Issued
Bonds
Certificates of indebtedness
1977-July.
300
300
8/15/84
6.95
300
7/29/77
10/20/77
10/21/77
10/26/77
10/28/77
7/07/77
7/14/77
7/15/77
7A8/77
7/31/77
11/L5/83
11/15/83
5.35
5.25
5.25
22
UA.5/83
5/15/81
4/30/79
11/15/79
6/27/77
10/29/76
7/20/77
7/21/77
7/26/77
7/28/77
7/02/72
7/14/72
1/15/73
7A7/75
(11/28/75
7/07/77
7A4/77
7/15/77
7/18/77
2A5/84
12/31/79
, *5/05/77
\ 8/04/77
8/04/77
2/02/78
n.O/29/76
I 7/20/77
< 7/21/77
I 7/26/77
^ 7 /2 8 /7 7
10/28/77
10/20/77
10/21/77
10/26/77
10/28/77
12/L9/74
8/01/77
^ 8/01/77
8/15/77
5/31/79
2A5/80
| Bills
f 6/09/77
^ 9/08/77
9/08/77
3/09/78
/ Certificates of indebtedness
10/29/76
f 7/19/72
9/04/75
J 9/06/77
9/07/77
9/07/77
9/22/77
10/28/77
9/22/77
9/05/77
8/15/79
4/14/77
4/14/77
10/13/77
10/13/77
10A3/77
10/13/77
4A3/78
4A3/78
10/29/76
10/05/77
10/06/77
10/14/77
10/17/77
10/24/77
aO/26/77
10/28/77
1/05/78
1/06/78
1/13/78
1/17/78
1/24/78
1/26/78
1/09/75
1/23/75
11/28/75
12/18/75
>12/18/75
1 1/29/76
1/29/76
I 1/29/76
2A5/78
2/15/78
10/31/77
5/15/78
8/15/78
11/15/78
8/15/78
10/31/77
Certificates of indebtedness
Aug.
Notes
Sept.
7.0
6.50
5.875
6.25
6/20/77
6/27/77
6/30/77
„6/30/77
Notes
>
Bills
Certificates of indebtedness
Certificates of indebtedness
f 5/12/77
111/10/77
11/28/77
111/28/77
/1 1 /2 8 /7 7
11/02/77
11/14/77
11/22/77
11/25/77
A2/14/74
{ 10/29/76
V.ll/28/77
Bills
f 6/02/77
12/01/77
**12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12A3/77
12/14/77
3/31/80
5A5/80
8/15/84
•
5
.
'
‘
Retired
Total outstanding
end of month
50
50
42
5.20
5.20
5.90
5.875
2.50
7.50
7.50
6.90
6.90
7.25
7.50
200
200
156
447
200
200
20,197
100
150
400
40
40
5.50
5.25
5.25
56
22
4
4
4
5.20
5.20
7.75
6.125
6.50
50
50
43
5.50
5.90
7.85
6.875
7.50
6.875
7.20
20,055
150
43
45
500
200
300
200
200
20,510
500
40
202
40
209
5.50
6.10
6.10
6.15
6.15
6.20
6.20
42
27
9
49
17
18
19,861
17
6.25
6.25
7.50
7.125
7.625
100
100
100
6.00
100
100
7.625
7.50
50
50
150
256
11/10/77
5/11/78
11/30/77
1/03/78
11/30/77
2/02/78
2/14/7 8
2/22/78
2/24/78
6.30
6.20
6.10
6.10
45
19
13
45
11/15/77
1/30/78
1/31/78
7.75
5.70
6.375
300
12/01/77
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3A3/78
3/13/78
3/14/78
6.05
6.05
6.05
6.05
6.05
6.05
265
300
300
300
20,455
100
37
47
6.10
6.10
47
36
12
62
21
46
28
30
18
August 1978
57
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
1977-Dec..........
Securities
[ Certificates of indebtedness
Notes
>
Bills
Certificates of indebtedness
1978-Jan..........
Notes
*
Bills
Feb.......... / Certificates of indebtedness
Notes
Issue
date
Maturity
date
f12/15/77
12/L6/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
^/30/77
3/15/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/20/78
6/29/73
12/L6/75
10/29/76
12/12/77
12/12/77
12/12/77
(J2/19/77
11/28/77
*10/05/77
10/06/77
10/14/77
10A7/77
10/24/77
10/26/77
1/03/78
1/05/78
1/06/78
1/09/78
1/10/78
1/12/78
1/13/78
1/16/78
1/17/78
1/24/78
1/25/78
1/26/78
^ 1/26/78
4/01/76
10/29/76
11/28/77
1/04/78
1/06/78
1/06/78
1/06/78
1/31/78
1/31/78
J 8/04/77
i 2/02/78
ll/02/77
11A4/77
11/22/77
11/25/77
2/01/78
2/02/78
2/14/78
2/14/78
2/16/78
2/16/78
2/17/78
2/21/78
2/21/78
2/22/78
2/23/78
2/24/78
2/24/78
2/27/78
2/28/78
f 6/28/76
J10/29/76
<12/19/77
12/29/77
12/16/77
1/30/78
7/31/79
8/31/79
.9/30/79
2/28/78
1/03/78
1/05/78
1/06/78
1A3/78
1/17/78
1/24/78
1/26/78
4/03/78
4/05/78
4/06/78
4/10/78
4/10/78
4/12/78
4/13/78
4/17/78
4/17/78
4/24/78
4/25/78
'4/26/78
,4/26/78
1/31/78
'1/30/78
1/31/78
3/31/78
1/31/78
2/28/78
1/31/78
11/30/79
,12/31/79
2/02/78
8/03/78
2/02/78
2/14/78
2/22/78
2/24/78
5/02/78
5/02/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5/22/78
5/22/78
5/22/78
5/23/78
5/24/78
5/24/78
5/26/78
5/29/78
3/31/78
4/28/78
2/28/78
2^28^78
>
Bills
f 9/08/79
12/01/77
3/02/78
3/09/78
3/21/78
3/21/78
3/27/78
3/27/78
3/30/78
3/30/78
3/09/78
3/02/78
3/31/78
9/07/78
3/31/78
3/31/78
3/31/78
3/31/78
6/22/78
6/29/78
Amount
Interest
(percent)
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
2.50
7.30
5.70
6.25
6.625
' 6.625
8.00
6.15
6.10
6.15
6.15
6.20
6.20
6.15
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.55
6.45
6.45
6.45
6.45
6.375
5.70
6.375
6.75
6.375
8.00
6.375
7.125
7.125
_
6.30
6.20
6.10
6.10
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
6.75
5.80
8.00
6.75
8.00
_
_
-
Issued
33
23
16
14
24
8
59
27
84
_
-
_
50
50
50
300
-
_
-
3
67
9
178
75
146
269
86
74
18
29
33
19
_
-
300
100
100
50
50
40
_
-
7
45
29
2
21
122
33
27
263
13
92
45
64
17
23
_
-
47
43
250
-
150
350
300
Total outstanding
end of month
Retired
>
_
_
21,018
-
199
200
30
_
_
_
300
27
9
49
17
18
17
-
-
100
29
300
_
_
100
-
k
'
21,659
^
21,510
40
45
19
13
45
-
_
-
100
30
300
300
100
43
47
_
250
150
*
58
Treasury Bulletin
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)
Amount
Month of
activity
Securities
1978-Mar.......... 1 Certificates of indebtedness
Notes
Bills
Issue
date
12/05/77
12/06/77
12/07/77
12/08/77
12/09/77
12/12/77
12/13/77
12/14/77
12/15/77
12/16/77
12/16/77
12/19/77
12/20/77
12/21/77
12/22/77
12/23/77
12/27/77
12/30/77
3/02/78
3/02/78
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3A3/78
3A3/78
3/14/78
3A5/78
3/15/78
3A5/78
3/16/78
3/16/78
3A6/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/29/78
3/29/78
3/30/78
7/19/72
10/29/76
^3/22/78
10/13/77
10/13/77
\ 4/13/78
1 4/13/78
*1/03/78
1/05/78
1/05/78
1/05/78
1/06/78
1/09/78
1/09/78
1A0/78
lA0/78
1A2/78
1/12/78
1/13/78
1/13/78
1/13/78
1/16/78
1/16/78
1/17/78
1/17/78
Certificates of indebtedness
Apr..........
, 1/17/78
1/24/78
1/25/78
1/25/78
1/26/78
1/26/78
1/26/78
1/26/78
4/03/78
4/04/78
4/04/78
4/05/78
4/05/78
4/06/78
4/06/78
Maturity
date
3/06/78
3/06/78
3/07/78
3/08/78
3/09/78
3/13/78
3/13/78
3/14/78
3/15/78
3/16/78
3/16/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
3/28/78
3/30/78
6/02/78
6/02/78
6/06/78
6/06/78
6/07/78
6/08/78 /
6/09/78
6A3/78
6A3/78
6/14/78
6/15/78
6A5/78
6/15/78
6/16/78
6/16/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
6/28/78
6/29/78
6/29/78
6/3.0/78
3/22/78
4/28/78
2/15/85
A/13/78
A/13/78
10/12/78
10/12/78
4/03/78
4/05/78
4/05/78
7/05/78
4/06/78
4/10/78
4A0/78
4/10/78
4/10/78
4/12/78
4/12/78
4/13/78
4/13/78
4/13/78
4/17/78
A/17/78
4/17/78
A/17/78
4/17/78
4/24/78
4/25/78
A/25/78
4/26/78
4/26/78
4/26/78
4/26/78
7/03/78
7/05/78
7/05/78
7/05/78
7/05/78
7/06/78
7/06/78
Interest
rate
(percent)
6.05
6.05
6.05
6.05
6.05
6.05
6.10
6.10
6.10
6.10
6.10
6.10
6.00
6.00
6.00
6.00
6.15
6.15
6.45
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6.35
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6.35
6.35
6.35
6.35
5.95
5.80
7.90
_
_
_
-
6.15
6.15
6.15
6.45
6.15
6.15
6.15
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.70
6.55
6.55
6.55
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.35
6.45
6.45
6.45
6.45
6.45
6.45
Issued
_
_
_
_
_
_
_
_
-
_
45
45
36
12
62
21
46
28
30
18
137
137
33
23
49
49
16
14
24
8
59
27
14
14
84
_
_
500
_
_
40
216
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
_
_
_
3
35
35
27
40
9
-
Total outstanding
end of month
Retired
36
12
62
21
46
28
30
18
I
/
22,614
^
22,438
33
23
23
16
14
24
8
59
27
84
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
500,
37
40
209
_
-
3
27
40
27
9
89
89
38
38
73
73
49
110
110
43
43
17
29
29
18
15
15
17
8
8
19
_
_
_
_
9
August 1978
59
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
Securities
Bills
Issue
date
Maturity
date
4/10/78
4/10/78
4/10/78
4/10/78
4/10/78
4/12/78
4/12/78
4/13/78
4/13/78
4/13/78
4/13/78
4/17/78
4/17/78
4/17/78
4/17/78
4/17/78
4/17/78
4/24/78
4/24/78
4/25/78
4/25/78
4/26/78
4/26/78
4/26/78
7/10/78
7A0/78
7/10/78
7A 0/78
7/10/78
7/12/78
7/12/78
7A 3/78
7/13/78
7/13/78
7/13/78
7/17/78
7/17/78
7A7/78
7/17/78
7/17/78
7/17/78
7/24/78
7/24/78
7/25/78
7/25/78
7/26/78
7/26/78
7/26/78
4/07/72
10/29/76
L 4/07/78
4/07/78
4/28/78
3/31/85
11/10/77
^5/11/78
5A1/78
11/9/78
2/1/78
2/1/78
2/2/78
5/2/78
5/2/78
5/2/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5/17/78
5/22/78
2/L4/78
2/14/78
2/14/78
2/14/78
2/16/78
2/16/78
2A6/78
2/17/78
2/17/78
2/21/78
1978-May.,
Certificates of indebtedness
2/21/78
2/21/78
2/21/78
2/22/78
2/23/78
2/23/78
2/24/78
2/24/78
2/24/78
2/27/78
2/27/78
2/28/78
2/28/78
3/6/78
3/6/78
3/7/78
3/8/78
3/9/78
3A3/78
3/13/78
3/14/78
3/15/78
3A6/78
3/20/78
3/20/78
3/21/78
3/22/78
3/23/78
4/10/78
4/12/78
4/13/78
4/17/78
4/17/78
/26/78
4/26/78
5/2/78
$ $
5/2/78
5/2/78
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24/78
5/24/78
5/24/78
5/26/78
5/26/78
5/29/78
5/29/78
6/6/78
6/6/78
6/7/78
6/8/78
6/9/78
6/13/78
6/13/78
6/16/78
6/20/78
6/20/78
6/21/78
6/22/78
6/23/78
7A0/78
7/12/78
7/13/78
7/17/78
7/17/78
7/25/78
7/26/78
7/26/78
8/2/78
8/2/78
8/2/78
i/2 /7 8
8/2/78
Interest
rate
(percent)
6.45
6.45
6.45
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.40
6.15
6.15
Total outstanding
end of month
38
38
89
73
73
49
110
110
43
43
17
29
29
18
6.30
6.30
6.30
6.30
15
15
6.30
19
400
6.20
5.80
8.05
48
17
400
29
265
275
3
3
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.45
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.45
6.45
6.45
6.45
6.35
6.35
6.35
6.35
6J35
45
5
5
2
19
21
61
61
17
17
44
44
16
11
13
46
46
32
32
45
9
9
12
12
12
36
62
21
46
28
30
18
33
23
14
16
24
28
6.30
6.30
6.30
6.30
6.30
6.20
6.20
6.20
6
38
73
6.45
6.40
6.40
6.40
6.40
110
43
29
15
6.30
6.30
6.30
6.50
6.50
6.50
6.50
6.50
8
3
3
19
3
45
45
21,476
Treasury Bulletin
60
_____________ 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)
Amount
Month of
activity
June....... .
July....... .
Maturity
date
Interest
rate
(percent)
5/16/7 8
5/16/78
5/16/78
5/16/78
5/16/78
5/16/78
5/17/78
5A7/78
5/22/78
5/22/78
5/22/78
5/22/78
5/23/78
5/23/78
5/24/78
5/24/78
5/26/78
5/26/78
5/29/78
^5/29/78
8/16/78
8/16/78
8/16/78
8/16/78
8A6/78
8A6/78
8/17/78
8/17/78
8/22/78
8/22/78
8/22/78
8/22/78
8/23/78
8/23/78
8/24/78
8/24/78
8/25/78
8/25/78
8/29/78
8/29/78
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.50
6.50
6.50
6.50
6.50
6.50
6.65
6.65
Notes
10/29/76
7/28/78
5.95
-
37
Bills
f 3/30/78
^3/30/78
o/22/78
6/29/78
-
_
-
350
300
*3/02/78
3/02/78
3/15/78
3/15/78
3A 6 /7 8
3/16/78
3/23/78
3/28/78
3/29/78
3/29/78
3/30/78
, 5/16/78
\ 5/17/78
5/22/78
6/02/78
6/02/78
6/15/78
6/15/78
6A6/78
6/16/78
6/27/78
6/29/78
^6/29/78
6/02/78
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/23/78
6/28/78
6/29/78
6/29/78
6/30/78
8/16/78
8/17/78
8/22/78
9/01/78
9/01/78
9/15/78
9/15/78
9A5/78
9/15/78
9/27/78
9/29/78
9/29/78
6.45
6.45
6.30
6.30
6.30
6.30
6.20
6.35
6.35
6.35
6.35
6.35
6.35
6.35
6.65
6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
Notes
10/29/76
7/28/78
5.95
>
4-03-78
4-04-78
4-04-78
4-05-78
4-10-78
4-10-78
4-12-78
4-13-78
4-17-78
4-17-78
4-25-78
4-26-78
5-22-78
5-22-78
5-23-78
5-24-78
5-26-78
5-29-78
6-02-78
6-15-78
7-05-78
7-05-78
7-05-78
7-05-78
7-05-78
7-06-78
7-10-78
7-10-78
7-10-78
7-10-78
7-12-78
7-12-78
7-13-78
7-13-78
7-17-78
7-17-78
7-25-78
J7-26-78
7-03-78
7-05-78
7-05-78
7-05-78
7-10-78
7-10-78
7-12-78
7-13-78
7-17-78
7-17-78
7-25-78
7-26-78
8-22-78
8-22-78
8-23-78
8-24-78
8-25-78
8-29-78
9-01-78
9-15-78
10-05-78
10-05-78
10-05-78
10-05-78
10-05-78
10-05-78
10-10-78
10-10-78
10-10-78
10-10-78
10*12-78
10-12-78
10-13-78
10-13-78
10-17-78
10-17-78
10-25-78
10-26-78
6.35
6,45
6,45
6.45
6,45
6.45
6.40
6,40
6.40
6.40
6.30
6.30
6.35
6.35
6,50
6.50
6.50
6,65
6.65
6,65
7.05
7.05
7.05
7,05
7.05
7.05
7.05
7.05
7.05
7.05
7.20
7.20
7.20
7.20
7.20
7.20
6.95
6.95
f 4-07-72
u.0-29-76
v.7-07-78
7-28-78
7-28-78
5-15-85
6.20
5.95
8.50
Securities
Certificates of indebtedness
/Certificates of indebtedness
totes
Source: Bureau of the Public Debt.
* Less than $500,OCX).
Issue
date
Issued
_
-
5
5
61
61
17
17
88
88
44
8
46
32
32
9
9
12
12
_
_
_
-
_
_
-
_
_
45
45
137
137
49
49
5
14
14
-
_
_
_
_
_
_
„
-
35
35
40
1
11
89
38
_
Total outstanding
end of month
Retired
5
23
-
-
_
_
-
_
_
_
_
-
45
45
137
137
49
49
33
27
14
14
84
38
17
44
-
>
.
►
-
30
>
3
35
35
40
89
38
73
110
43
29
15
8
44
44
yA
40
32
9
12
45
9
_
40
_
_
_
>
89
38
73
110
73
_
107
43
29
15
8
_
_
400
20,558
400
29
/
19,952
61
August 1978
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions ofl Foreign Countries
(Dollar amounts in millions)
1976-Feb.
Notes
Mar.
Notes
Apr..
May..
June.
July.
Aug..
Notes
Notes
Notes
Notes
Notes
Sept.
Oct..
Notes
Nov.
Notes
Dec.
Notes
1977-Jan.
Feb.
Notes
Notes
Apr.
May.
June.
July.
Notes
Notes
Aug.
Notes
Sept.
Oct.
Notes
Nov.,
Notes
Dec.
Notes
1978-Jan.
Payable
in —
Securities
Month of
activity
Notes
r
Issue
date
7.94
7.30
6.08
6.35
7.30
6.40
6.97
6.10
6.10
7.05
5.79
6.75
6.88
6.70
6.80
6.40
6.50
6.35
7/29/75
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
9/08/75
9/08/75
9/08/75
10/06/75
3/08/77
10/06/75
10/17/75
11/26/75
4/18/77
11/26/75
5/26/77
2/02/76
2/02/76
2/02/76
2/20/76
3/01/76
8/19/77
3/01/76
4/20/76
9/01/77
4/20/76
5/28/76
10/20/77
5/28/76
6/14/76
6/14/76
7/07/76
3/08/77
3/08/77
3/08/77
4/06/77
9/08/78
4/06/77
4/18/77
5/26/77
10/18/78
5/26/77
11/27/78
8/02/77
8/02/77
8/02/77
8/19/77
9/09/77
2/20/79
9/01/77
10/20/77
3/01/79 *
10/20/77
11/28/77
4/20/79
11/28/77
12/14/77
12/14/77
1/06/78
7.75
7.75
7.75
7.70
5.90
7.70
7.25
6.95
5.60
6.95
6.10
6.08
6.08
6.08
6.35
6.40
6.60
6.40
6.10
6.40
6.10
7.05
7.15
7.05
6.75
6.75
6.70
11/01/74
11/20/74
2/02/76
2/20/76
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
11/29/74
3/01/76
3/20/75
4/20/76
2/28/75
5/28/76
6/13/75
6/14/76
4/07/75
7/07/76
5/06/75
5/20/75
8/6/76
8/20/76
6/11/75
9/10/76
7/08/75
10/8/76
7/07/76
8/06/76
1/06/79
8/06/76
8/20/76
9/10/76
1/06/78
2/06/78
7/06/79
2/06/78
2/20/78
3/10/78
Amount
(Dollar equivalent)
Interest
rate
(percent)
2/02/76
2/20/76
8/02/77
8/19/77
3/01/76
9/03/77
4/20/76
10/20/77
5/28/76
11/28/77
6/14/76
12/14/77
7/07/76
1/06/78
8/06/76
8/20/76
2/06/78
2/20/78
9/10/76
3/10/78
10/08/76
4/07/78
10/29/78
4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
Maturity
date
Retired
64
38
64
38
38
127
33
6.70
6.50
7.05
6.50
6.35
6.20
127
33
30
30
67
67
33
36
33
36
148
7.15
5.95
7.35
5.80
6.39
6.39
7.75
5.25
38
38
50
148
Total outstanding
end of month
1.599
1.599
1.599
1.599
1.599
1.599
1.599
1.599
38
50
1.599
20
150
20
1,579
26
1,520
26
56
26
1,494
1,546
137
50
160
360
25
82
3
170
14
1,461
1,434
386
1,408
33
27
1,375
1,348
4
38
13
1,315
25
26
1,289
101
8
1*,262
23
27
3
39
1,210
1,169
28
30
1,128
2
36
4
1,087
Treasury Bulletin
62
______________ PUBLIC DEBT OPERATIONS________________
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—Continued
(Dollar amounts in millions)
Month of
activity
Mar.......
Apr.......
May.......
Securities
Notes
Notes
Notes
Notes
July.......
Source:
Payable
in —
Notes
Bureau of the Public Debt.
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
J Swiss
< Swiss
1 Swiss
r swiss
V swiss
f
1
V
f
(
^
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
Issue
date
9/10/76
10/08/76
3/10/78
10/08/76
10/29/76
4/28/78
12/10/76
12/10/76
3/08/77
6/09/78
3/08/77
4/18/77
Maturity
date
3/10/78
4/07/78
9/10/79
4/07/78
4/28/78
10/29/79
6/09/78
6/09/78
9/08/78
10/29/79
9/08/78
10/18/78
Interest
rate
(percent)
6.20
5.95
7.40
5.95
5.80
7.70
5.25
5.25
5.90
7.95
5.90
5.60
Amount
(Dollar equivalent)
Issued
_
124
-
17
_
-
75
_
Retired
Total outstanding
end of month
144
31
\
/
7
50
I
\
1
J
-
52
85
31
19
22
1,035
995
943
/
901
J
x
861
)
August 1978
63
.UNITED STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 1941,
interest yields,
sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
through April 30,
from May 1, 1941
Series
194-1.
through April
Series J and K were sold from May 1, 1952
through
Details of' the principal changes in issues,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
the Treasury for fiscal years 1966 through 1977.
Table SB-1. - Sales and Redemptions by Series, Cumulative through July 31, 1978
(In millions of dollars)
Sales 1 /
Series A-D 2/..
Series £ and H.
Series F and G.
Series J and K.
Total A-K.....
Accrued
discount
Amount outstanding
Sales plus
accrued
discount
Redemptions 2/
Interestbearing debt
3,949
203,108
28,396
3,556
1,054
54,996
1,125
198
5,003
258,104
29,521
___ 3.754
5,000
178,822
29,510
___2.751
79,281
239,008
57,373
296,381
217,087
79,281
Matured
non-interestbearing debt
10
— 2—
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
Redemptions 1/
Total
Sales
price 2 /
Accrued
discount 2 /
29,158
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
204,575
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
152,781
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
7,064
137,011
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
5,495
15,769
1,102
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
1,567
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
82
82
55
46
39
34
29
27
23
22
21
28,285
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910
201,244
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
149,538
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
*7,110
134,313
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
5,520
15,225
1,040
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
1,590
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76,602
126
112
64
50
42
37
31
26
25
17
21
969
987
939
952
956
971
1,088
1,018
1,069
1,067
1,080
1,009
1,000
437
721
588
547
547
593
703
590
683
650
656
688
684
332
548
454
429
425
458
547
460
529
498
502
524
525
105
173
133
118
123
135
156
130
155
152
153
I64
159
74,803
Sales 1 /
Accrued
discount
Fiscal vears:
1935-68.............
1969................
1970................
1971................
1972................
1973................
1974................
1975................
1976................
T. Q.................
1977................
Calendar vears:
175,417
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
7,895
172,959
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
1935-67.............
1968................
1969................
1970................
1971.'...............
1972................
1973................
1974................
1975................
1976................
1977................
[C’
Jjhc
1Q,77-July.............
Aug..............
Oct..............
Dec..............
1978-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July.............
643
698
621
612
636
631
721
686
740
718
750
662
626
x>tnotes at end of Table SB-4.
Amount outstanding
Sales plus
accrued
discount
Period
354
319
318
339
320
340*
367
332
329
348
330
347
374
and
Report of the Secretary of
Interestbearing debt
75,816
76,224
76,602
76,987
77,415
77,804
78,220
78,645
78,965
79,281
Matured
non-interestbearing debt
22
If
21
21
21
21
21
17
17
17
16
16
Treasury Bulletin
64
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Redemptions 1/
Sales plus
accrued
discount
Sales
price 2 /
Amount outstanding
Accrued
discount 2 /
Interest-bearing
debt
Matured
non-interestbearing debt
Series E and H Combined
19jS9.......
197 0
197 1
197 2
197 3
197 4
197 5
.
197 6
T.Q........ .
197 7
.
Calendar years
1941-67.....
1968........
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
197 7
Months:
1977-July....
Aug....
Sept...,
Oct....
Nov....
Dec....
1978-Ja..... n
Feb....
Mar.
Apr....
May....
June....
July....
139,517
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
7,895
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
137,059
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
7,954
25,910
1,757
643
698
621
612
636
631
721
686
740
718
750
662
626
902
3,827
1,832
1.909
2,192
2,426
2,673
2,994
3,368
3,597
3.910
354
319
318
339
320
340
367
332
329
348
330
347
374
166,298
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
114,727
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
7,063
101,195
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
5,495
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
1,567
51,572
51,711
51,281
53,003
55.921
59,418
61.921
65,482
69,733
70,752
75,411
162,970
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,863
111,617
5,915
6,565
98,640
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
5,524
12,978
1,017
1,173
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
76.602
997
1,016
939
952
956
971
,088
,018
,069
,0*7
,080
,009
,000
476
760
587
547
547
593
703
590
679
650
371
587
454
429
425
458
547
460
525
498
502
524
525
105
173
133
118
123
135
156
154
152
153
164
159
6,281
5,237
5,359
6,206
6,824
6,290
6,762
7,114
656
688
684
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
130
74.803
75,059
75,411
75,816
76,224
76.602
76,987
77,415
77.804
78,220
78,645
78,965
79,281
Series F, G, J, and K combined i j
Fiscal years:
1941-68.....
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q.........
197 7
Calendar years:
1941-67.....
1968........
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1977.......
Months:
1977-July....
Aug....
Sept....
Oct....
Nov....
Dec....
1978-Ja..... n
Feb....
Mar....
Apr....
May....
June....
July....
Footnotes at end of Table SB-4.
31,951
-
31.951
~
-
1,322
1
"
33,273
1
“
33,059
140
27
8
6
5
5
1
4
1
1
31,763
124
24
7
5
4
4
1
3
1
1
1,296
16
3
1
1
1
1
*
*
*
*
140
_
_
_
1,321
2
*
-
33,272
2
*
-
39,925
218
74
13
7
5
5
5
1
8
-4
31,643
194
65
11
6
5
4
4
*
6
-3
1,282
23
9
2
1
1
1
1
*
2
-1
229
27
%
-
-
-
-
“
-
-
1
*
*
*
4
*
*
1
-
-
*
-
-
-
1
-
*
*
*
3
*
*
*
*
_
_
_
-
*
*
*
1
*
*
*
75
76
49
41
34
30
25
24
_
_
_
_
_
20
19
18
-
118
105
58
44
37
32
27
_
_
_
_
_
_
22
21
13
-
18
_
18
'_
18
18
18
18
18
_
_
_
18
_
_
_
18
15
15
15
14
_
_
“
—
L4-
65
August 1978
^UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K —Continued
(In millions of dollars)
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions 1/
Total
Sales
price 2 /
Accrued
discount 2 /
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
T U S I O m M T1941-68....
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
T.Q........
197 7
Calendar years:
1941-67.....
1968.......
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
1977.......
Months:
1977-Jul y
Aug.....
Sept....
Oct.....
Nov.....
Dec.....
1978-Ja...... n
Feb.....
Mar.....
Apr.....
May.... .
Junk....
July....
129,173
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
155,954
6,131
6,130
6,92^
7,960
8.755
8,894
9.755
10,471
2,663
11,403
110,331
5,548
5.959
4.959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
96,800
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
5,070
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,567
1,818
I84
210
231
292
338
310
310
326
80
313
43.805
44,205
44,167
45,902
48,598
51.806
54,234
57,617
61,648
62,621
67,073
126,851
4,452
4,221
4,503
5,218
5,922
5,988
6,524
6,729
7,245
7,638
25,910
1,757
1,832
1.909
2,192
2,426
2,673
2,994
3,368
3,597
3.910
152,761
6,209
6,052
6,412
7,411
8,348
8,661
9,518
10,097
10,841
11,548
107,540
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6^336
6,686
94,567
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
5,095
12,978
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,591
1,717
191
180
228
249
329
319
310
326
327
303
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63,676
68.235
615
668
602
598
611
606
698
668
712
696
723
647
606
354
319
318
339
320
340
367
332
329
348
330
347
374
969
987
920
937
032
946
1,066
1,000
1,041
1,044
1,054
994
437
721
553
513
510
561
332
548
420
395
388
426
507
424
481
457
460
479
471
105
173
133
118
123
135
156
130
154
152
153
I64
159
25
28
23
25
?4
20
29
27
32
24
30
28
66,490
66,729
67,073
67,472
67.869
68.235
68,608
69,026
69,400
69,810
70,220
70,543
_24_
70.869
663
554
635
610
614
643
630
Series H
Fiscal vears:
1952-68.................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
T.Q.....................
1977....................
Calendar years*
-
10,343
207
160
212
289
322
284
324
318
72
319
4,396
650
762
457
359
372
519
455
425
104
425
4,396
650
762
457
359
372
519
455
425
104
425
10,209
244
172
162
259
314
282
338
309
310
31b
_
_
_
_
_
_
_
_
-
10,209
244
172
162
259
314
282
338
309
310
31b
4,077
615
730
655
366
353
465
506
404
427
426
4,077
615
730
655
366
353
465
506
404
427
428
-
Oct...............
Nov...............
Dec...............
1978-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
28
29
18
15
24
25
22
18
27
23
27
15
-
39
39
34
34
37
32
40
36
44
a
42
46
39
39
34
34
37
32
40
36
44
41
42
46
_
-
July..............
20
-
28
29
18
15
24
25
22
18
27
23
27
15
20
54
54
1952-67.................
1968...................
1969...................
1970...................
1971...................
1972...................
1973....................
1974...................
1975....................
1976....................
1977...................
Months:
1977-July..............
Aug...............
10,343
207
160
212
289
322
284
324
318
72
319
Footnotes at end of Table SB-4.
_
_
-
_
-
_
-
_
_
_
_
-
-
-
-
-
“
-
-
1,818
I84
210
231
292
338
310
310
326
80
313
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8,084
8,131
8,338
1,717
191
180
228
249
329
319
310
326
327
303
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8,177
8,368
25
28
23
25
24
20
29
27
32
24
30
28
24
8,312
8,330
8,338
8,343
8,355
8,368
8,379
8,389
8,404
8,410
8,425
8,423
8,413
Treasury Bulletin
66
.UNITED STATES SAVINGS BONDS.
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Period
Total
Series E
and H
Series E
and H
42,004
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
33,189
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
8,815
139
140
118
104
79
25
6
-
-
43,899
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
34,116
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
3,789
3,955
3,487
4,553
9,941
175
125
133
111
107
44
13
2
-218
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
303
466
334
350
284
425
303
466
334
350
284
425
1
544
398
504
368
431
380
544 ‘
398
504
368
431
380
n.a.
n.a.
77,184
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
7,064
35,180
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
18,678
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
-577
16,502
657 2/
304
246
280
412
260
143
29
9
7
5
5
76,399
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
6,833
6,291
6,771
7,110
33,560
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
2,627
2,481
3,275
2,556
17,872
1,656
1,63.7
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
15,818
730 8/2/
426 2/
282
216
391
345
209
84
15
8
6
3
5
1977-July....
Aug....
Sept....
Oct....
Nov....
Dec....
476
760
587
547
547
592
173
294
253
197
263
168
173
294
253
197
263
168
1978-Jan..
Feb..
Mar..
Apr..
May..
June.
July..
703
590
683
650
656
689
684
159
192
179
282
224
309
n.a.
159
192
175
282
224
309
n.a.
-1
4
3
1
*
8
-4
_
-
1
-
*
*
*
4
-
4/
j>/
6/
2/
8/
2/
10/
*
n.a.
Unclassified
10/
Total
Other
Fiscal, years:
1951-62....
196 3
196 4
196 5
196 6
:
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
* 1976.......
T.Q........
1977.......
Calendar years:
1951-61......
1962........
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
197 5
197 6
197 7
Source: Monthly Statement of the Public Debt of the U.S.; Office of Mar
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue pr^ice, and redemptions and amounts outstanding at current redemp
tion value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (1)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.f>. 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
Treasury Bulletin.
2 / Because there is a normal lag in classifying redemptions, the distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
Unmatured
Other
_
_
_
_
_
_
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
_
_
_
-
-
_
_
-
-
_
_
-
-
-
“
n.a.
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 1945 F and G bonds for 4-3/4# marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4# marketable bonds
of 1969.
Includes exchanges of Series I960 F and G bonds for 3-7/8# marketable
bonds for 1968.
'
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8#
marketable bonds of 1971 and 4# marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
Not available.
August 1978
67
TTNTTB’
.n
STATES SAVINGS BONDS
■
Table SB-5. - Sales and Redemptions by Denominations, Series E and H i/ Combined
(In thousands of pieces)
Period
Total all
$10 z /
denominations
$25
$50
$75 2J
$100
$200 U
$500
$1,000
$5,000
$10,000 5/ £/
Sales 1/
"fift-g?!?:...........
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975 .................
1976..................
T.Q...................
1977..................
Calendar vears:
1941-67...............
±9b«..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976 ................
1977..................
Months:
1977-July............
Aug.............
Oct.............
1978-Jan.............
Feb.............
Apr.............
May.............
June............
Inception to date p....
2,931,151
118,I84
117,026
121,544
127,671
134,552
134,854
136,600
142,539
35,704
123,459
20,502 1,921,206
78,508
78,043
76,103
76,616
78,859
78,605
77,493
79,243
19,612
71.211
13
555,813
25,106
24,675
28,034
30,131
22,265
32,789
33,591
35,388
8,970
31,599
6,356
1,822
1,682
1,989
2,304
2,518
2,758
2,969
3,243
836
2,712
'JdQ, 165
10,192
10,072
12,073
14,177
15,862
16,204
17,442
18,955
4,841
14.420
20,625
869
878
1,159
1,443
1,651
1,581
1,763
1,975
511
1,211
41,985
871
868
1,122
1,502
1,688
1,451
1,620
1,770
441
1,140
43,515
796
796
1,050
1,476
1,684
1,452
1,706
1,950
485
1.126
446
8
7
12
18
20
11
13
11
2
20
23(5
2,892,693
118,955
116,123
120,130
123,637
130,568
132,920
147,359
138,421
145,757
147,960p
20,502 1,882,025
78,023
77,911
77,828
75,736
77,330
77,747
85,595
77,629
80,308
79,769
-
557,554
25,694
24,332
26,583
28,914
31,040
32,164
35,621
34,189
36,433
37,446
6,593
1,925
1,659
1,853
2,139
2,397
2,604
3,037
3,103
3,372
3,577
315,982
10,563
9,805
11,049
13,022
15,012
15,744
17,891
18,148
19,686
20,705
20,109945
828
1,007
1,284
1,547
1,592
1,753
1,866
2,071
2,226
43,435
932
818
950
1,292
1,613
1,538
1,672
1,692
1,816
1,926
45,603
853
753
848
1,229
1,606
1,511
1,763
1,778
2,055
2,293^
659
10
7
8
15
20
17
23
12
11
11
231
12
11
4
4
3
3
4
4
5
7
288
306
299
3U
306
326
316
292
338
305
325
327
1,666
1,775
1,690
1,722
1,740
1,817
1,811
1,704
1,970
1,775
1,914
1,867
181
192
180
178
177
188
196
I84
213
203
219
200
153
176
14?
136
138
136
165
170
186
182
201
156
175
215
173
148
154
144
215
1
1
1
*
*
*
230
250
179
1
1
1
1
1
1
1
1
1
1
1
1
34,455
478,804
36,616
58,805
61,710
795
320
11,919
12,550
11,951
12,488
12,420
13,004
13,489
11,740
13,637
12,330
12,994
12,958
_
_
4,295,157
20,502
-
“
6,435
6,692
6,393
6,825
6,691
7,070
7,489
6,162
7,201
6,552
6,765
6,896
3,064
3,168
3,214
3,324
3,297
2,983
3,501
3,080
3,320
3,330
3,020
2,Z11,598
891,552
m
11
7
3
4
5
3
3
4
1
7
1
1
1
1
1
*
Redemptions 2/
Fiscal years:
1941-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975 .................
1976..................
T.Q...................
1977.................
Calendar years.
1941-67...............
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976 ................
1977....... .........
Months
1977-July............
Sept..,,,.,,,,,,,
Oct........... ..
Dec.............
1978-Jan.............
Feb.............
Mar.............
Apr.............
May ..............................
June............
Inception to date p....
2,412,767
114,396
118,696
102,145
103,651
106,065
120,258
115,941
116,842
31,340
146,9?7p
19,946 1,646,066
73,560
29
30
76,446
21
66,127
65,832
17
16
65,880
72,588
15
16
69,534
_
68,965
18,427
_
A).530
439,636
25,308
25,789
22,659
23,921
25,089
29,137
28,411
29,134
7,855
37,088
2,699
1,205
1,303
1,327
1,577
1,784
2,215
2,239
2,486
668
3,51/2
236,411
10,955
11,410
9,313
9,689
10,515
12,768
12,490
13,036
3,532
20,/r24
11,807
864
933
740
776
855
1,080
1,035
1,074
291
2,188
27,759
1,165
1,297
943
899
955
1,196
1,091
1,065
282
1,910
28,149
1,266
1,438
988
917
948
1,228
1,095
1,056
275
2,256
189
28
33
18
14
16
23
20
18
5
12
96
14
18
10
6
7
12
10
8
2
7
2,384,331
109,053
118,230
112,394
101,593
103,513
112,552
124,308
113,343
120,594
123,650p
19,928 1,621,526
70,014
39
30
76,000
27
72,693
18
65,206
16
64,990
18
68,679
74,867
13
67,511
14
70,637
14
70,996
11
433,738
24,201
25,976
24,444
22,990
24,252
26,914
30,405
27,983
30,347
31,736
2,253
1,105
1,270
1,280
1,434
1,670
1,957
2,362
2,340
2,582
2,750
237,680
10,482
11,371
10,586
9,366
9,955
11,735
13,157
12,361
13,661
14,613
12,041
822
908
867
743
797
991
1,088
1,020
1,135
1,231
28,180
1,125
1,254
1,169
893
905
1,106
1,175
1,047
1,098
1,146
28,781
1,232
1,373
1,284
921
906
1,125
1,192
1,031
1,087
1,139
176
27
31
28
14
14
20
24
18
21
20
89
14
17
15
7
6
9
12
18
7
9
9,887
11,682
10,665
9,765
9,633
10,810
10,970
9,809
11,487
10,587
10,796
11,382
1
1
1
1
1
1
1
1
1
1
1
5,688
6,722
6,115
5,605
5,575
6,311
6,016
5,500
6,489
5,883
6,084
6,422
2,516
2,989
2,774
2,512
2,439
2,727
2,966
2,584
2,954
2,750
2,784
2,906
219
259
235
218
214
238
242
235
272
252
248
264
1,174
1,386
1,245
1,151
1,130
1,251
1,382
1,200
1,420
1,362
1,345
1,425
100
115
104
97
98
103
124
100
123
120
116
125
95
106
96
89
86
89
' 116
93
112
108
107
118
94
103
94
90
87
89
121
94
113
108
108
118
2
2
2
1
2
2
2
1
2
2
2
2
1
1
1
1
1
1
1
1
1
1
1
1
3,589,453
20,101
2,359,869
720,152
22,529
363,294
22,372
39,775
40,762
401
199
1/ Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000.
2/ Sales were authorized in June 1944 to Armed Forces only, and dis
continued after March 31, 1950.
y
Sales began on May 1, 1964.
i j Sales began on October 29, 1945.
5/ Sales of $10,000 denomination Series E bonds were authorized on
May 1, 1952.
Includes sales and redemptions of $100,000 denomination Series E
bonds which are purchasable only by trustees of employees' savings
plans, beginning April 1954, and also personal trust accounts
beginning January 1955.
2/ See Table SB-4, footnote 1.
* Less than 500 pieces.
p
Preliminary.
6/
Treasury Bulletin
68
.UNITED STATES SAVINGS NOTES,
United States savings notes were on sale May 1, 1967
through June 30, 1970.
demption
The notes were eligible for purchase
and information on investment yields of savingb
notes appear in
the Treasury Bulletins of March 1967 and
"by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974-
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.... ............
Calendar, xea^s:
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1977...............
Months:
1977-July...........
Aug............
Oct............
Nov............
Dec.... .......
1978-Jan............
Feb............
Mar............
Apr......... .
May............
June...........
July.......... .
Sales 1/
1
201
326
323
11
*
*
*
2
-2
*
“
80
277
348
160
-3
•*
*
*
*
*
_
_
-
-
_
_
_
_
_
_
_
"
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
1
201
338
347
44
28
29
35
33
22
6
23
*
*
35
111
167
85
69
77
75
45
11
36
*
*
34
105
157
77
58
62
58
32
8
24
*
1
6
10
8
11
14
17
13
3
12
203
505
742
619
561
519
477
435
413
407
394
80
281
366
191
27
28
29
39
25
24
23
*
7
76
154
124
71
74
82
53
42
35
*
7
72
145
116
62
60
66
40
29
23
_
5
18
31
31
28
29
39
25
24
23
*
3
8
9
9
13
16
14
13
12
80
354
644
682
584
540
496
453
424
406
393
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
3
4
2
3
2
2
3
3
3
2
3
2
1
2
3
1
2
1
1
2
2
2
1
2
1
1
1
1
1
1
1
1
1
1
1
1
1
1
397
'396
394
394
393
393
393
393
391
390
390
388
388
Accrued
discount
_
*
12
25
33
28
29
35
31
24
6
23
-
Source:
Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
Amount
outstanding
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
69
August 1978
—
OWNERSHIP OF FEDERAL
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
_____ _________________________________
End of
fiscal year
or month
1977,-Mar.................................
1978-Jan.................................
Feb.................................
Mar................................
Apr.................................
May................................
(In millions of dollars)
Interest-bearing public debt securities
Total
Federal
securities
outstanding
Held by U.S. Government accounts
Total
outstanding
Nonmarketable
Total
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
16,007
16,974
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
66,738
76,124
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
680,141
668,216
144,949
15,787
127,106
685,249
684,592
695,485
709,138
707,693
718,232
729,164
731,821
739,650
747,844
746,431
751,412
758,804
673,389
671,386
684,081
697,629
696,301
706,973
715,227
151,204
15,424
15,425
14,709
14,619
14,548
14,515
14,430
133,724
720,563
728,474
736,929
733,074
740,579
748,002
148,744
151,860
155,490
152,194
153,888
154,849
151,480
154,183
152,718
153,563
Interest-bearing public debt securities - Con.
Held by private investors
Total
Mar................................
Government
account series
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
End of
fiscal year
or month
1977-Mar.................................
Marketable
Marketable
Nonmarketable
131,263
135,095
138,816
335,590
137,317
138,363
135,021
138,133
136,682
137,530
143,070
145,126
14,403
13,995
13,980
13,977
13,967
13,904
Matured
public
debt
and debt
bearing no
interest 2/
^—
Other
Public
issues
held by
Federal
Reserve
banks
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104,715 1/
2,056
2,056
2,056
2,056
2,056
2,056
2,t)56
2,056
2,056
2,056
2,056
2,056
2,056
102,239
98,646
98,436
104,715 3/
94,597
96,477
102,479
95,987
97,003
98,450
101,577
103,072
102,826
110,134
Agency securities
Total
outstanding
y
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
427,280
156,006
157,911
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
323,605
56,814
58,231
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
103,675
1,166
1,068
1,016
1,076
963
997
1,067
1,179
1,142
1,211
992
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,934
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
2,053
11,403
9,956
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
8,881
419,946
423,995
433,785
437,423
449,510
456,608
457,899
472,081
475,840
482,634
476,439
478,660
476,782
313,485
316,177
325,001
326,674
338,290
343,870
343,019
355,374
358,321
362,695
355,144
356,892
353,660
106,461
107,818
108,784
110,750
111,220
112,738
114,880
116,707
117,519
119,939
121,295
121,768
123,121
1,036
2,478
1,093
1,211
1,102
999
3,716
1,032
1,279
1,022
3,515
1,019
1,022
10,824
10,728
10,312
10,298
10,290
10,260
10,221
10,226
9,898
9,893
9,842
9,814
9,780
2,264
2,203
2,095
2,094
2,092
2,085
2,026
2,025
2,022
2,024
2,031
2,034
2,033
8,560
8,525
8,216
8,204
8,198
8,175
8,195
8,201
7,876
7,869
7,811
7,781
7,748
Note:
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Erport-Import Bank borrowing transactions now
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
3/ Includes a nonmarketable Federal Reserve special certificate for $2 500.
2/ Adjusted to exclude non-interest-bearing notes issued to the Inter-*
national Monetary Fund to reflect the unified budget concept.
2 / For detail, see Table Fl>-6.
70
Treasury Bulletin
.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
Total
privatelyheld
1939-Dec..
1946-Feb..
Dec..
1950-June.
Dec..
1951-June.
Dec..
1952-June.
Dec..
1953-June.
Dec..
1954-June.
Dec,.
1955-June.
Dec..
1956-June.
Dec..
1957-June.
Dec..
1958-June.
Dec..
1959-June.
Dec..
1960-June.
Dec..
1961-June.
Dec..
1962-June.
Dec..
1963-June.
Dec..
1964-June.
Dec..
1965-June.
Dec..
1966-June.
Dec..
1967-June.
Dec..
1968- June.
Dec..
1969-June.
Dec..
1970-June.
Dec..
1971-June.
Dec..
1972-June.
Dec..
1973-June.
Dec..
1974-June.
Dec..
1975-June.
Dec..
1976-June.
Dec..
33.4
231.6
208.1
203.3
198.6
193.0
195.0
193.5
198.5
195.4
202.5
198.5
205.6
201.4
205.4
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
1977-Ja n
Feb___
Mar....
Apr....
May....
June...
July...
Aug....
Sept...
Oct....
Nov....
Dec....
1978-Ja n
Feb___
Mar___
Apr.
May___
June p.
Commer
cial
banks
2/
Total
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
209.6
215.5
204.4
219.5
217.0
226.7
214.0
221.2
217.2
229.1
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.5
63.7
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65*2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.5
60.3
53.2
55.6
69.0
85.1
92.5
103.8
20.7
137.9
133.6
137.7
136.7
134.7
133.5
132.4
135.1
136.6
138.9
134.9
136.5
137.9
143.4
139.5
140.9
137.4
137.7
131.9
136.2
142.8
150.4
149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7
415.7
423.1
428.3
425.7
425.3
421.0
426.5
434.9
438.6
450.6
457.6
461.3
473.1
477.1
483.7
479.5
479.7
477.8
102.4
104.4r
104.9r
104.lr
102.6r
102.8r
100.7r
100.4r
99.8r
99.7r
100.6r
101.4r
100.9r
102.2r
101.lr
100.7
98.4
98.5
313.3
318.7r
323.4r
321.6r
322.7r
318.2r
325.8r
334.5r
338.8r
350.9r
357.Or
359.9r
372.2r
374.9r
382.6r
378.8
381.3
379.3
Total
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
64.6
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
87.1
91.4
96.4
100.8
101.0
101.5
101.9
102.2
102.7
103.0
103.4
103.7
103.9
104.4
104.9
105.3
106.1
106.6
106.9
107.1
107.7
108.1
Individuals 2 /
Savings bonds
Other
Series
£ and H series 2 /
_
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
58.9
59.8
61.4
62.9
65.0
66.9
69.2
71.6
72.0
72.4
72.8
73.2
73.7
74.0
74.5
74.8
75.2
75.6
76.0
76.3
76.7
77.2
77.6
78.0
78.4
78.7
Source:
Office of Government Financing in the Office of the Secretary.
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.
Figures exclude securities held in trust departments.
2 / Includes partnerships and personal trust accounts.
Jt/ Exclusive of banks and insurance companies.
J>/ Consists of the investment of foreign balances and international
2/
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
* 1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.5
.5
.5
.5
.4
.4
.4
•4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
Other
secu
rities
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
16.4
16.9
18.8
21.5
21.6
24.0
26.8
28.8
28.6
28.7
28.7
28.6
28.6
28.6
28.4
28.5
28.3
28.4
28.5
28.6
29.0
29.1
28.9
28.7
28.9
29.0
Insurance
companies
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
Mutual
sav
ings
banks
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
7.1
9.5
10.6
12.7r
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
3.5
4.5
5.4
5.9r
12.6r
12.7
12.5r
12.5r
12.7r
12.8r
13.3r
14.0
14.3r
14.4r
14.8r
15.lr
6. Or
6.1r
6.4r
6.4r
6.3r
6.2r
6.1r
6.2r
6.2r
6.2r
6.1r
5.9r
5.8r
5.8r
5.7r
5.6r
5.6
5.5
15.lx
15.Or
14.9r
14.8r
14.9
14.7
Corpora
tions i j
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
13.2
20.2
24.3
21,1?
29.7r
31. Or
29.2r
29.2r
27.6r
24.3r
23.5
25. Or
23.3r
23.2r
22.8r
22.1 t
23.4r
22.3r
20.8r
19.9r
19.7
19.0
State
Foreign
and
and inter
local
national
govern 1/
ments
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
.2
2.4
1.9
2.2
3.0
2.9
3.0
3.4
4.0
4.4
4.6
4.6
4.8
5.2
5.9
6.2
6.7
6.5
6.9
5.9
6.9
8.1
9.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12.2
13.0
11.6
10.8
11.4
12.9
10.7
12.5
10.3
10.4
14.0
19.8
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
39.3
41.6
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
69.8
78.1
44.8
43.3
44.4
48.4
49.1
47.6
47.9r
52.lr
53. Or
54. Or
55.3r
,55.2r
56.7r
58.6r
61.2r
61.2r
60.2
62.7
80.3
82.3
84.7
86.1
86.0
87.9
90.2
91.9
95.5
101.3
106.7
109.6
112.5
115.4
124.5
120.4
119.7
119.3
Other
investors
6/
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
25.5
38.0
38.1
38.9r
38.9r
41.8r
44.3r
36.8r
38.3r
36.4r
41.4r
41.6r
42.6r
47.4r
46.4r
46. lr
52.6r
51.2r
48.6r
49.8r
53.5
50.0
accounts in the United States. Holdings have been adjusted to exclude
issues to the International Monetary Fund and other international
lending organizations to reflect the unified budget concept.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
p
Preliminary.
August 1978
71
T R E A SU R Y SURVEY OF O W N E R SH IP , JUNE 30, 1978
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Federally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
.The similar proportion for corporations
Holdings by commercial banks distributed according tu
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
these institutions.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-1.-Summ ary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
Public debt issues*.
-bearing public
securities;
marketable.............
Nonmarketable 5 / .......
U.S. Govern
Total
ment ac
amount
counts and
outstand Federal
ing 1/
Reserve
banks
477,699
270,303
Total interest-bearing
public debt securities. 748,002
Matured debt and debt
1,022
bearing no interest.....
Total public debt
securities............ 749,024
G q v q r M P n t a ^ e c y . j8gUeg;
4,024
Regular issues..........
Participation
3,951
Total Govt, agency
securities covered in
7,975
Treasury Survey.........
Nonsurveyed Govt, agency
1,805
securities.... ..........
Total Govt, agency
9,780
securities 7...........
Total Federal securities... 758,804
Footnotes at end of Table TSO-5.
Insurance companies
State and local
government
485
183
435
savings
310
and loan corpo general pension
and re
associa rations
funds
tirement
tions
funds
Memorandum:
All
Held by
63,399
other
corporate
private pension
inves
trust
tors 2J funds y
Total
private
inves
tors
5,473
commer
cial
banks
2/
464
mutual
savings
banks
2/
124,038
147,182
353,660
123,121
71,675
3,736
3,596
7,935
4,432
6,390
11,202
4,425
240,540
123,121
10,996
271,220
476,782
71,675
3,736
3,596
7,935
4,342
6,390
11,202
4,245
363,661
10,996
1,022
.
_
271,220
477,803
71,675
3,736
3,596
7,935
4/342
249
3,775
2,276
694
560
165
1,675
459
90
116
24
135
257
124
133
1,923
6,051
1,254
624
206
159
345
257
109
1,696
_
2,033
7,748
273,253
485,551
289
Life
439 fire,
casualty,
and
marine
1,022
88
6,?90 11.202
„4.&£
364,68?
234
196
310
251
2,047
170
62
430
561
2,217
159
10.996_
97
72
Treasury Bulletin
.TREASURY SU R V EY OF OWNERSHIP, JUNE 30, 1978
Table TSO-2. - Interest-Bearing M arketable Public Debt Securities
by Type and M aturity Distribution
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing y
Classification
.security:
Issued by U.S. Government:
Treasury bonds......... .
Total....................
By maturity distribution*
Call classes (due or first
becoming callable):
Within 1 year....... ,....
5 to 10 years............
15 to 20 years...........
20 years and over.... .
Total....................
Maturity classes (final
maturity):
5 i-o 10 years..... .
15 to 20 years.........
20 years and over........
Total....................
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,473
commer
cial
banks
1/
464
mutual
savings
banks
2/
289
life
439 fire,
casualty,
and
marine
485
savings
and loan
associa
tions
State and local
governments
183
310
435
pension
corpo general and re
rations funds
tirement
funds
Held by
all
other
inves
tors y
Memorandum:
Held by
63,599
corporate
pension
trust
funds
44,599
58,151
21,288
124,038
7,010
61^766
2,899
71,675
233
3,173
330
3,736
66
1,233
2,297
3,596
499
6,265
171
7,935
401
3,708
233
4,342
1,309
4,693
409
6,390
3,762
5,997
1,443
11,202
361
1,474
2,409
-,4,245.
101,516
118,870
20,153
240,540
21,126
42,144
6,516
730
309
851
477,699
58.773
36,531
14.773
3,817
5,236
4,909
124,038
920
2,070
542
96
93
15
3,736
574
1,130
670
693
206
321
3,596
1,259
3,864
2,111
291
167
245
7,935
1,696
2,480
123
36
8
10
4,342
2,620
3,260
294
93
74
49
6,390
5,927
3,883
655
332
255
150
11,202
494
818
654
523
781
975
4,245
129,590
76,880
20,103
4,711
4,825
4,431
240.540
2,217
4,004
2,373
601
1,017
785
10,996
220,683
174,302
44,443
10,700
4,194
23,377
58,150
36,759
13,984
2,899
2,230
10,017
903
2,077
527
111
12
106
267
1,399
583
765
74
508
1,656
2,503
112
46
9
16
3,736
3,596
5,782
3,958
600
418
68
376
11,202
128,700
77,377
19,114
4.962
1,475
8.962
124,038
2,597
3,280
293
54
77
89
6,390
452
833
650
504
50
1,747
477,699
1,189
3,918
2,033
337
57
403
7,935
4,245
240,540
2,190
4,005
2,389
557
56
1,799
10,966
159,757
265,310
52,632
477,699
1,371
7,123
2,503
10,996
r
222,968
173,060
46,441
11,322
11.954
11.954
71,675
20,899
42,198
6,538
656
142
1,153
71,675
4,342
Footnotes at end of Table TS0-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
<rax vaxuee ■
» «lu rnxxjuxvue ui uwxxgulo i
Held by investors covered in Treasury Survey
Issue
Treasury Bills:
Regular weekly and annual
maturing:
July
1978...
Aug.
1978..,
Sept.
1978..,
Oct.
1978..,
1978..,
Nov.
Dec.
1978..,
Jan.
1979..,
Feb.
1979...
Mar.
1979...
Apr.
1979...
May
1979...
June
1979...
Total Treasuiy Bills.....
Treasury Notes:
6-7/8#
July
1978-P...
7-5/8
Aug.
1978-E...
Aug.
1978-C...
8-3/4
6-5/8
Aug.
1978-Q...
1978-P...
Sept.
6-1/4
5-7/8
Oct.
197&-S...
197&-T-...
NOV.
5-3/4
6
1978-B...
Nov.
Dec.
1978-U...
5-1/4
8-1/8
Dec.
1978-H...
1979uL...
5-7/8
Jan.
Feb.
1979-H...
7
1979-M...
5-7/8
Feb.
6
Mar.
1979-N...
5-7/8
Apr.
1979-P...
1979-D...
7-7/8
May
6-1/8
May
1979-Q...
June
1979-E...
7-3/4
June
6-1/8
1979-R...
July
1979-S...
6-1/4
1979-A...
Aug.
6-1/4
6-7/8
Aug.
197*- J...
Aug.
1979^T...
6-5/8
Total
amount
outstand
ing y
U.S. Govern
5,473
ment ac
commer mutual
counts and
savings
cial
Federal
banks
banks
Reserve
2/
2/
banks
State and local
governments
Insurance companies
289
life
485
439 fire, savings 435
casualty, and loan corpo
and
associa rations
marine
tions
25,977
31,747
25,664
16,778
20,721
17,459
3,205
3,253
3,321
3,346
5,503
2,784
159,757
5,374
7,680
7,057
5,026
5,994
6,489
1,029
690
1,051
1,062
2,027
1,120
44,599
517
571
626
537
921
1,459
561
556
279
229
344
411
7,010
47
20
15
19
34
9
18
10
29
19
10
3
233
7
7
9
9
15
3
_
5
10
1
66
120
49
31
66
81
54
15
22
17
30
14
499
43
24
31
31
43
91
25
32
42
18
19
1
401
2,855
5,155
2,462
2,949
3,195
2,921
2,941
8,207
3,376
2,517
2,855
4,592
2,845
3,519
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
398
2,625
640
201
519
232
268
3,619
520
241
169
1,730
369
668
143
569
212
146
283
149
1,800
867
410
834
1,012
624
788
711
738
605
1,251
570
824
825
962
645
873
454
748
447
634
433
720
629
796
835
16
59
19
41
37
77
25
42
34
36
37
30
37
36
17
24
23
65
14
23
30
29
48
2
11
3
26
2
1
10
44
3
24
9
43
2
2
9
3
7
1
7
19
2
3
26
55
25
34
34
27
41
122
42
30
12
47
36
42
8
33
10
32
33
44
61
52
47
77
40
3
80
99
64
102
104
123
31
77
62
50
52
58
16
37
48
134
128
51
60
70
Footnotes at end of Table TS0-5.
226
180
97
160
241
238
41
52
12
46
12
,310
general
funds
183
pension
and re
tirement
funds
Held by
all
other
inves
tors y
Memorandum:
Held by
63,599
corporate
pension
trust
funds y
1,309
806
746
434
347
507
238
43
133
110
69
302
27
3,762
108
94
109
11
17
15
3
1
4
361
18,730
22,375
17,255
10,573
12,869
8,863
1,512
1,768
1,738
1,901
2,726
1,207
101,516
257
317
154
121
111
45
28
48
173
92
20
4
1,371
58
48
2
60
17
47
131
22
289
4*
162
13
97
26
118
4
55
11
78
75
27
173
197
111
102
20
72
135
107
113
306
143
21
210
34
123
147
75
66
123
33
80
228
57
71
103
1
6
2
7
5
10
*
10
3
1
3
16
3
8
1
3
3
9
3
2
4
6
1,333
1,197
1,124
1,641
1,636
1,618
1,645
2,688
1,650
1,261
1,350
1,755
1,483
1,663
1,118
799
1,175
796
1,252
1,802
1,883
935
1,763
41
48
38
72
58
48
22
27
44
108
39
62
23
34
21
21
44
51
15
35
14
72
115
August 1978
trr
AfixTRY SURVEY OF OWNERSHIP, JUNE 30, 1978
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par values - In millions of dollars)
Held by investors covered in Treasury Survey
Issue
Treasury Notes: — (Continued)
8-1/2%
Sept.
1979-F...
Sept.
1979-U...
6-5/8
Oct.
1979-V...
7-1/4
1979-K...
Nov.
6-1/4
1979-B...
6-5/8
Nov.
1979-C...
Nov.
7
1979-W...
7-1/8
Nov.
Dec.
1979-G...
7-1/2
7-1/8
Dec.
1979-X...
7-1/2
Jan.
1980-K...
6-1/2
Feb.
1980-G...
7-5/8
Feb.
1980-L...
1980-C...
7-1/2
Mar.
1980-N...
Apr.
7-3/4
1980-A...
6-7/8
May
May
1980-P...
8
June
1980-D...
7-5/8
1980 Q...
June
8-1/4
1980-H...
Aug.
6-3/4
Aug.
1980-B...
9
Sept.
1980-E...
6-7/8
198CUJ...
7-1/8
Nov.
5-7/8
Dec.
1980-F...
1981-A...
Feb.
7
1981-C...
Feb.
7-3/8
6-7/8
Mar.
1981-H...
May
1981-D...
7-3/8
May
1981-M...
7-1/2
1981-J...
June
6-3/4
1981-F...
7-5/8
Aug.
1981-K...
Sept.
6-3/4
1981-G...
Nov.
7
1981-B...
Nov.
7-3/4
Dec.
19 1-L...
7-1/4
1982-D...
Feb.
6-1/8
7-7/8
Mar.
1982-G...
1982-E...
Apr.
7
May
1982-A...
8
June
1982-H...
8-1/4
8-1/8
Aug.
198S-B...
1982-C...
7-7/8
Nov.
1982-F...
7-1/8
Nov.
1983-A...
Feb.
8
Mar.
1983-C...
7-7/8
1983-B...
Nov.
7
Feb.
1984-A...
7-1/4
1984-B...
Aug.
7-1/4
Feb.
1985-A...
8
May
1986-A...
7-7/8
1986-B...
Aug.
8
1987-A...
7-5/8
Nov.
May
1988-A...
8-1/4
Exchange Series.,
Total Treasury Notes..... .
Treasury. Bonds:
1975-85..
4-1/4
May
June
1978-83..
>-1/4
Feb.
1980....
4
1980....
Nov.
3-1/2
Aug.
1981....
7
1982....
Feb.
6-3/8
Aug.
6-3/8
1984....
May
1985....
3-1/4
1986....
6-1/8
Nov.
1987-92..
Aug.
4-1/4
Feb.
1988-93..
4
7-1/2
Aug.
1988-93..
May
4-1/8
1989-94..
Feb.
1990....
3-1/2
May
1990....
8-1/4
Aug.
1992....
7-1/4
Feb.
1993....
6-3/4
Feb.
7-7/8
1993....
May
1993-98..
7 ,
May
ft-1/2
1994-99..
Feb.
1995....
3
1995-2000
7-7/8
Feb.
Aug.
1995-2000
8-3/8
1996^001
8
’
AugT
1998....
Nov.
3-1/2
May
2000-05..
8-1/4
Feb.
2002-07...
7-5/8
7-7/8
Nov.
2002-07..
Total Treasury Bonds........
Total Marketable Public Debt
Footnotes at end of Table TSO-5.
Total
amount
outstand
ing 1 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,473
commer
cial
banks
2/
Insurance companies 485
464
savings
mutual
and loan 435
corpo
savings
439 fire, associa rations
289
banks
casualty, tions
life
2/
and
marine
1,233
73
11
70
73
32
94
75
69
36
19
55
19
92
9
78
7
96
17
36
42
50
99
77
88
133
81
121
39
44
104
56
115
131
115
120
48
108
72
41
121
190
94
310
70
134
474
288
62
535
224
114
109
4
6,265
16
52
39
130
14
19
47
44
62
95
85
56
94
49
24
17
19
32
68
1
49
38
163
30
66
29
26
33
66
23
51
81
33
21
168
40
91
14
3
2
7
22
18
29
29
3
2
1
4
34
6
1
3,708
10
7
19
18
1
22
10
7
6
22
3
4
1
24
36
13
11
2
5
1
2
62
21
7
8
3
2
330
39
268
187
323
*
23
15
82
12
101
26
7
31
465
41
110
20
*
18
16
19
99
57
16
127
19
161
14
2,297
16
54
90
54
3
79
31
39
9
89
4
15
30
63
88
45
6
42
3
27
8
51
58
22
18
27
134
66
1,176
7
23
55
38
*
12
5
21
1
12
6
_
6
17
2
5
4
2
1
1
3
2
*
5
1
2
2
233
3,736
3,596
7,935
4,342
2,081
3,861
4,334
3,376
1,604
2,241
4,791
2,006
3,920
3,875
4,608
3,820
6,076
3,180
7,265
3,099
2,185
4,393
4,133
4,296
2,141
4,600
2,692
1,842
4,796
2,809
2,020
3,893
2,514
2,586
2,968
2,543
4,477
3,452
2,697
2,853
2,613
2,747
2,594
2,918
2,902
2,737
7,958
2,573
2,309
8,438
2,863
4,203
5,219
9,515
2,387
4,148
28
265,310
245
299
322
262
1,138
436
412
136
400
403
1,592
282
794
433
5,544
195
295
804
674
2,692
186
702
48
558
1,082
199
197
1,081
82
293
76
104
1,888
138
58
238
63
1,457
63
1,185
753
187
2,136
114
101
3,858
380
1,452
1,054
2,003
613
1,667
58,151
605
782
1,104
1,100
112
581
1,151
658
943
1,198
1,391
1,170
1,781
899
587
498
621
895
1,188
406
978
952
935
467
1,453
815
638
1,069
703
1,104
859
1,034
977
1,149
808
1,323
721
376
771
444
728
670
1,110
803
592
1,046
630
894
524
1,738
445
374
7
61,766
46
35
42
61
7
22
45
37
20
33
70
33
59
16
34
14
33
9
54
5
38
31
39
9
131
31
60
35
33
75
26
73
76
24
121
23
58
53
11
44
56
36
91
32
40
69
35
18
103
177
30
22
1
9
5
16
17
1
8
25
4
17
15
9
3
13
1
7
11
12
4
4
8
7
15
22
46
12
15
7
5
11
3
19
34
8
34
12
13
6
12
21
32
42
3
13
66
85
21
107
83
48
11
2
3,173
1,043
1,242
2,495
1,754
807
2,702
2,353
750
1,216
2,860
181
1,914
1,057
2,779
1,247
1,504
627
1,501
692
2,414
531
2,771
4,662
r,575
1,964
4,246
4,249
1,495
52,632
395
228
929
619
408
1,102
1,399
179
884
1,131
53
1,318
456
893
407
92
209
114
328
1,656
128
577
2,062
813
714
2,239
1,685
271
21,288
84
54
85
58
38
419
129
25
57
58
3
38
5
80
58
198
57
202
93
57
7
121
77
47
15
151
332
353
2,899
477,699
124,038
71,675
State and local
governments
183 ,
pension
310
general and re
tirement
funds
funds
6
153
165
31
5
115
230
10
98
80
39
64
118
49
14
15
14
55
145
13
' 64
119
84
18
104
85
8
36
93
26
111
55
27
93
59
93
28
1
*
15
17
31
60
1
78
13
19
5
84
8
56
2
23
232
134
164
23
13
205
54
215
237
36
153
97
49
37
54
61
31
53
8
15
100
119
30
64
92
37
48
109
21
25
40
40
92
70
31
42
17
22
43
29
80
39
25
41
53
15
37
60
97
58
50
*
28
2
14
22
*
4
*
2
19
11
37
26
22
8
1
42
4
1
8
13
5
7
1
33
6
15
17
4
4
1
37
17
28
8
26
3
14
44
66
62
18
47
18
26
58
8
15
98
149
224
43
-
4,673
5,997
3
20
90
37
*
14
23
*
3
4
_
7
30
18
6
7
8
_
6
4
33
8
21
8
*
10
33
5
409
nciu uy
all
other
inves
tors 2/
Memorandum:
Held by
63,599
corporate
pension
trust
funds
92
96
77
31
4
42
95
72
92
94
63
224
228
30
20
50
98
53
65
38
67
107
15
16
148
64
77
51
38
97
26
77
128
61
78
110
52
58
51
105
152
94
365
63
64
434
159
169
487
6a
162
286
*
1,474
1,030
2,291
2,428
1,516
271
948
2,603
993
2,110
1,784
1,294
2,015
3,005
1,667
939
2,244
1,031
2,550
1,912
1,116
740
2,545
1,205
618
1,683
1,459
903
1,530
1,377
926
1,761
985
1,253
1 784
1,251
1,018
1,486
738
1,639
1,001
1,041
1,581
4,135
1,419
1,332
2,733
1,407
1,684
2,728
4,927
845
1,811
12
118,870
7,123
69
76
200
78
8
31
77
24
18
106
18
6
17
118
27
57
12
80
15
26
30
97
101
2
73
26
36
16
1,443
26
15
21
26
8
1
10
*
21
1
19
7
55
71
226
25
105
15
93
9
162
418
99
7
200
708
61
2,409
393
497
818
503
347
993
665
363
226
1,316
66
500
475
1,046
502
751
275
956
206
533
294
1,591
1,845
562
996
1,569
1,157
708
20,153
26
1
12
4
2
21
12
9
4
5
5
27
2
3
47
189
41
267
24
49
3
399
363
204
63
207
305
210
2,503
6,390 11,202
4,245
240,540
10,996
74
Treasury Bulletin
..TREASURY SURVEY OP OWNERSHIP, JUNE 30, 1978.
Table TSO-4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Type
Exportr,Import. Bank:
Debentures..................
Issues to State & Local
Govts. £/..................
Participation Certificates...
Total Eximbank..............
Federal Housing Administration:
Debentures..................
Total
amount
outstand
ing 1/
1,200
U.S. Govern
ment ac
counts and
Federal
Reserve
banks_____
69
5,473
commer
cial
banks
2/
572
464
mutual
savings
banks
2/
22
485
435
savings
corpo
439 fire, and loan rations
casualty, associa
and
tions
marine
Insurance companies
289
life
20
143
250
16
72
7
1,593
84
644
29
4
23
606
143
57
9
16
3,701
1,659
488
452
112
250
37
13
16
52
1,254
51
10
12
5
57
125
___4_
128
State and local
governments
310 ,
general pension
funds
tirement
funds
68
143
8
219
12
Held by
all
other
inves
tors 2/
Memorandum:
Held by
63,599
corporate
pension
trust
funds y
35
238
14
48
111
349
20
54
310
1
Government NatiQEfll .Mortgage
Association:
Participation Certificates
U.S. Postal Service:
Bonds.......................
Tennessee Valley Authority:
Bonds.......................
1,825
Total Government agency
securities covered by survey..
7,975
1,923
125
252
188
237
59
95
11
3
*
4
36
131
2
118
44
15
24
19
186
1,368
41
624
206
159
345
430
561
2,217
159
129
257
Footnotes at end of Table TSO-5
Table TSO-5. - Securities Issued by Government-Sponsored Agencies,
Farmers Home Administration and the District of Columbia
Issue
Farm Credit Banks:
Dis cotint Notes...............
Consolidated Bonds...........
Farmers Home Administration:
Insured Notes................
Federal Home Loan Banks:
Discount Notes.............. .
Bonds........................
FHLMC Mtg. Backed Certificates
& Bonds 2/..................
Issues to State and Local
Govts. 8/ 3 / ................
Total FHLB...................
Federal Intermediate Credit Banks
Debentures...................
Fedgral_Land Banks:
Bonds.........................
Federal National Mortgage
Association:
Discount Notes...............
Debentures...................
Capital Debentures...........
Mtg. Backed Bonds............
Issues to State and Local
Total FNMA...................
District Qf Columbia:
Stadium Bonds.................
Total Government sponsored
securities covered in survey..
Held by investors covered m Treasury Survey
435
Insurance companies 485
464
savings
mutual
289
439 fire, and loan corpo
savings
banks
life
casualty, associa rations
tions
and
2/
marine
State and local
governments
3ib
183
general pension
and re
funds
tirement
funds
Memorandum:
Held by Held by
all
63,599
other
corporate
inves pens ion
tors 2 / trust
funds Lj
Total
amount
outstand
ing 1/ 8/
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,473
commer
cial
banks
2/
4,974
147
1,037
104
26
55
178
39
416
88
2,885
90
2,000
1,641
76
629
236
62
27
10
1
1
27
29
81
94
7
120
13
38
25
1,018
1,147
19
56
3,304
196
829
241
429
85
154
21
224
418
705
139
2,426
19,880
2,333
277
4,392
21
667
6
185
5
278
78
1,301
1
160
63
719
4
668
1,972
9,179
32
1,942
1,937
-
239
132
58
26
600
53
53
339
437
233
356
LI, 588
2,208
356
24,599
2,333
4,908,
819
249
309
1,979
214
1,191
1,011
11,257
582
2,045
287
33
114
496
139
599
80
6,882
200
19,686
1,449
3,879
536
79
349
746
174
571
521
LI,383
986
4,794
29,700
1,167
200
10
3,200
148
59
924
5,165
203
108
71
1,187
101
15
8
122
9
1
37
439
9
3
242
1,223
76
3
144
306
1
-
773
1,340
33
*
101
430
18
2
2,483
L6,289
569
9
74
926
37
1
543
36,404
3,417
6,401
1,374
140
488
1,543
451
543
2,689
552
L9,349
1,038
20
-
*
4
*
1
3
-
-
2
9
-
103,885
8,200
19,964
3,454
967
1,429
5,209
1,139
5,823
2,735
54,966
i
4,737
Securities issued by the Treasury and Government agencies that are
classified as debt tinder the new unified budget concept. For debt
subject to limitation, see Table FD-9.
2/ Includes trust departments.
1 / 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 fund and profit-sharing plans
which involve retirement benefits. The data are complied from quar
terly 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 month, the regular monthly 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.
j>/ Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
6/ Includes Export-Import Bank and Government National Mortgage Associ
ation participation certificates.
Includes matured securities outstanding on which interest has ceased.
7/
8/ Direct placements (mortgage-backed bonds) with State and local
governments with various interest rates and maturity dates.
2 / Obligation of the Federal Home Loan Mortgage Corporation. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks.
* Less than $500,000.
75
August 1978
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 197*
The tables which follow report the security holdings of
Commercial bank ownership was first published in the May
those commercial banks included in the Treasury Survey of Own
1944. issue of the "Treasury Bulletin" based on the Survey date
ership by type of bank and by type of security.
for December 31, 1943.
The figures in
It has appeared at semiannually 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)
Held by
5,473
c'ommetcial
banks 1/
Classification
Interest-bearing public debtsecurities:
Marketable.....................................
Nonmarketable 2/...............................
Total interest-bearing public debt securities....
Federal Reserve member banks
Reserve city
3,179
member
banks
71,675
-
57,042
71,675
57,042
12
New York
City
9
Chicago
8,835
-
2,690
20,113 .
_
_
2,690
20,113
-
8,835
152
other
country
2,294
nonmember
banks
25,404
14,633
3,006
_
_
25,404
14,633
3,006
nonmember
banks
Footnotes at end of Table TSC-5
Table TSC-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Federal Reserve member banks
Held by
5,473
commercial
banks 1/
3,179
member
banks
By.t o e security:
Issued by U.S. Government:
Treasury bills.... ...........................
Treasury notes....... ....... ................
Treasury bonds...............................
7,010
61,766
2,899
5,554
49.211
2,77
893
7,500
411
1 962
' 33
2,342
16,801
970
1,624
22,947
832
1,456
12,555
622
Total........................................
71,675
57,042
8,835
2,690
20,113
25,404
14.633
1,157
1,343
159
6,359
11,448
1,629
262
92
323
20,113
7,237
15,161
2,641
168
53
Classification
^Call^classes ifdue or°first becoming callable):
Within 1 year........... .....................
1 to 5 years......................... ........
5 to 10 years...... ..........................
10 to 15 years................................
15 to 20 years...............................
20 years and over...................... ......
Total..... ............ .............. .......
Maturity classes (final maturity):
Within 1 year................................
1 to 5 years................. ........... .
5 to 10 years......... .......................
10 to 15 years........................... .
15 to 20 years...............................
20 years and over................... .........
Total........................................
Footnotes at end of Table TSC-5
21,126
42,144
6,516
730
309
851
71,675
16 627
S S y 70?
1,873
6,033
216
746
57,042
109
47
274
8,835
20,899
42,198
6,538
656
142
1,153
1Aj *
5HO
J.O
?U7
9U<CO
L qAO
1,837
6,033
959
77
33
321
71,675
*
C\JO
S5*
(7tU4c
8,835
/ Qon
*5/1
459
2,294
Reserve city
12
New York
City
) Oft
4Vo
J Oft
152
9
Chicago
1
24
5
2,690
other
1,157
1,343
159
1
1
6,282
11,469
1,655
2,690
20,113
6C (
65
415
country
ILL
4,499
8,159
1,587
189
92
106
25,404
14*633
7,197
15,183
2,646
154
28
194
25,404
4,479
8,169
1,579
197
14
195
14,63^
Treasury Bulletin
.TREASURY SURVEY • COMMERCIAL BANK OWNERSHIP, JUNE 30, 1978
«
Table TSC-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Federal Reserve member banks
Reserve city
Held by
5,473
commercial
banks 1/
3,179
member
banks
Treasury Bills:
Regular weekly and annual maturing:
July
1978.......................
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Total Treasury Bills.
517
571
626
537
921
1,459
561
£56
279
229
344
411
7,010
311
412
444
417
770
1,339
393
457
225
192
256
339
5,554
2
39
73
76
138
115
*
169
79
52
150
6
46
62
74
75
176
180
1
3
1
4
65
893
Treasury., No-teg:
6-7/8
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
5-3/4
6
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5-7/8
7-7/8
6-1/8
7-3/4
6-1/8
6-1/4
6-1/4
6-7/8
6m 5/8
8-1/2
6-5/8
7-1/4
6-1/4
6-5/8
7
7-1/8
7-1/2
7-1/8
7-1/2
6-1/2
7-5/8
7-1/2
7-3/4
6-7/8
8
7-5/8
8-1/4
6-3/4
9
6-7/8
7-1/8
5-7/8
7
7-3/8
6-7/8
7-3/8
7-1/2
6-3/4
7-5/8
6-3/4
7
7-3/4
7-1/4
6-1/8
7-7/8
7
8
8-1/4
8-1/8
7-7/8
7-1/8
8
7-7/8
7
7-1/4
7-1/4
834
1,012
624
788
711
738
605
1,251
570
824
825
962
645
873
454
748
447
634
433
721
629
796
835
605
782
1,104
1,100
112
581
1,151
658
943
1,198
1,391
1,170
1,781
899
587
498
621
895
1,188
406
978
952
935
467
1,453
815
638
1,069
703
1,104
859
1,034
977
1,149
808
1,323
721
376
771
444
728
670
1,110
803
592
1,046
630
711
820
453
622
525
582
470
892
458
637
679
752
516
710
352
599
366
459
353
577
462
628
669
435
640
893
906
86
418
857
528
740
984
1,166
980
1,430
687
392
366
502
794
1,033
311
858
690
839
378
1,232
677
472
846
617
937
760
780
740
972
638
1,202
590
263
674
310
575
563
758
667
431
810
465
80
112
74
40
38
35
50
10
155
96
32
12
30
47
50
39
28
17
35
37
*
15
19
13
49
177
259
1
4
146
*
58
83
343
196
366
74
30
49
28
400
237
43
317
53
294
10
469
77
3
194
148
140
284
35
28
213
75
538
43
28
139
30
46
113
19
100
43
83
30
Issue
July
Aug.
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
Dec.
Jan.
Feb.
Feb.
Mar.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Sept.
Oct.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Jan.
Feb.
Feb.
Mar.
Apr,
May
May
June
June
Aug.
Aug.
Sept.
Nov.
Dec.
Feb.
Feb.
Mar.
May
May
June
Aug.
Sept.
Nov.
Nov.
Dec.
Feb.
Mar.
Apr.
May
June
Aug.
Nov.
Nov.
Feb.
Mar.
Nov.
Feb.
Aug.
1978-P.....................
1978-E................;....
1978-C.....................
1978-Q.....................
1978-R.....................
1978-S.....................
1978-T.....................
1978-B............... .....
1978-U.....................
1978-H.....................
1979-L.....................
1979-H.....................
1979-M.....................
1979-N.....................
1979-P.....................
1979-D.....................
1979-Q.....................
1979-E.....................
1979-R.....................
1979-S.....................
1979-A.....................
1979-J.....................
1979-T.....................
1979-F.....................
1979-U.....................
1979-V.....................
1979-K.....................
1979-B.....................
1979-C.....................
1979-W.....................
1979-G.....................
1979-X.....................
1980-K.....................
1980-G.....................
1980-L.....................
1980-C.....................
1 9 8 0 - N , j
1980-A.....................
1980-P.....................
1980-D.....................
1980-Q.....................
1980-H.....................
1980-B.....................
1980-E.....................
1980-J.....................
I98O-F.....................
1981-A...................
1981-C.....................
1981-H.....................
1981-D.....................
1981-M.....................
1981-J.....................
1981-F.....................
1981-K.....................
1981-G.....................
1981-B.....................
1981-L.....................
1982-D.....................
1982-G.....................
1982-E.....................
1982-A.....................
1982-H.....................
1982-B.....................
1982-C.....................
1982-F.....................
1983-A.....................
1983-C.....................
1983-B.....................
1984-A.....................
1984-B.....................
Footnotes at end of Table TSC-5.
12
New York
City
9
Chicago
152
other
3,006
country
694
104
159
152
118
337
792
83
213
91
82
128
83
2,342
198
168
157
148
220
256
130
74
52
108
72
41
1,624
129
58
16
25
*
8
*
10
1
55
*•
10
3
*
1
50
72
21
3
26
*
112
*
5
4
*
16
2
3
6
11
30
29
6
100
35
2
1
10
31
58
105
1
55
40
41
*
13
10
65
100
27
24
20
16
33
44
5
*
63
*
76
*
10
47
*
27
9
9
90
256
208
73
257
188
291
231
187
123
180
326
260
229
413
156
185
122
101
154
239
114
186
393
146
333
315
220
17
174
323
186
353
471
387
397
414
299
94
95
173
197
327
55
142
161
131
240
266
290
173
214
293
369
307
173
174
430
228
411
131
62
269
98
182
192
215
263
147
278
119
246
443
219
300
298
248
188
685
178
306
320
470
253
250
145
325
145
320
161
275
347
315
257
270
255
400
411
66
235
382
331
299
402
430
287
615
312
266
212
271
139
364
212
344
437
343
127
485
300
231
339
150
404
148
555
505
285
330
253
354
173
189
181
336
210
523
278
231
439
226
2,294
nonmember
banks
206
159
183
120
151
120
167
99
54
37
88
72
1,456
J’
1
123
192
172
165
186
156
135
359
112
188
146
211
129
163
102
149
80
174
80
143
168
167
166
170
141
212
194
26
163
294
130
203
213
225
190
352
212
195
133
119
101
154
95
120
262
96
89
221
139
165
222
86
168
99
255
237
176
170
122
131
113
97
134
153
107
352
136
161
236
164
77
August 1978
_______________ TREASURY SURVEY • COMMERCIAL BANK OWNERSHIP, JUNE 30,
Table TSC-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Par values - m millions of dollars)
Federal Reserve member banks
Issue
Feb.
8
May
7-7/8
Aug.
8
7-5/8
Nov.
May
8-1/4
Exchange Series.....
1985-A.....................
1986-A.....................
1986-B.....................
1987-A.....................
1988-A.....................
Total Treasury Notes.
Treasury Bonds:
4-1/4
3-1/4
4
3-1/2
7
6-3/8
6-3/8
3-1/4
6-1/8
4-1/4
4 ,
7-1/2
4-1/8
3-1/2
8-1/4
7-1/4
6-3/4
7-7/8
7
8-1/2
3
7-7/8
8-3/8
8
3-1/2
8-1/4
7-5/8
7-7/8
Total Treasury
Total marketable
1975-85....................
May
June
1978-83....................
Feb.
1980.......................
Nov.
1980.......................
1981.......................
Aug.
Feb.
1982.......................
Aug.
1984.......................
May
1985.......................
Nov.
1986.......................
Aug.
1987-92....................
Feb.
1988-93....................
Aug.
1988-93....................
May
1989-94....................
Feb.
1990.......................
May
1990.......................
Aug.
1992.......................
Feb.
1993.......................
Feb.
1993.......................
May
1993-98....................
May
1994-99....................
Feb.
1995.......................
Feb.
1995-2000..................
Aug.
1995-2000..................
Aug.
1996-2001..................
Nov.
1998.......................
May
2000-05....................
Feb.
2002-07....................
Nov.
2002-07....................
Bonds.,
public debt securities................
Footnotes at end of Table TSC-5.
Held by
5,473
commercial
banks l/
Reserve city
3,179
member
banks
894
524
1,738
445
374
7
697
392
1,257
367
309
6
61,766
49,211
84
54
85
58
38
419
129
25
57
58
3
38
5
80
58
198
57
202
93
57
7
121
77
47
15
151
332
353
2,879
71,675
75
43
71
50
27
307
99
18
a
40
3
31
3
73
45
129
34
36
90
38
3
80
74
21
13
136
299
297
2,277
57,042
12
New York
City
3,006
9
Chicago
152
other
country
2,294
nonmember
banks
7,500
1
7
22
10
10
*
282
79
424
144
63
1
341
300
764
112
124
5
197
133
482
78
66
1
1,962
16,801
22,947
12,555
*
*
*
6
*
3
*
1
*
*
*
2
*
*
9
6
3
57
31
*
*
6
36
5
*
75
95
103
*
*
*
*
*
1
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
19
5
*
*
4
1
1
441
8,835
33
2,690
56
21
30
12
1
81
39
7
17
29
1
7
2
41
9
74
11
61
56
12
*
38
28
13
6
23
127
167
970
18
22
41
31
26
225
60
9
23
11
1
21
*
31
26
49
19
18
3
26
3
17
4
3
7
33
78
26
832
9
10
14
8
11
111
31
7
16
18
1
7
1
6
13
69
23
66
3
19
3
41
4
26
2
15
32
56
622
20,113
25,404
14,633
73
5
47
101
112
Treasury Bulletin
.TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, JUNE 30, 1978
....................—
Table TSC-4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Federal Reserve member banks
Held by
5,473
commercial
banks l/
Issue
Exppr.t.-Import, Bank:
12
New York
City
3,006
152
9
country
other
Chicago
nonmember
banks
572
-
478
16
68
268
126
-
-
-
-
-
-
72
60
*
-
54
6
12
644
539
17
68
32?
131
105
57
29
*
3
27
28
488
339
4
*
60
275
149
13
8
*
5
3
5
52
35
13
-
6
16
16
1,254
950
34
68
396
452
303
(Mtg. Backed Bonds)
Total EX-IM..................................
2,294
Reserve city
3,179
member
banks
Federal Housing Administration:
93
Government National Mortgage
Association;,
Participation................................
U.S. Postal Service.:
Tennessee Valiev Authority:
Bonds........................................
Total Government Agency securities
Footnotes at end of Table TSC-5.
Table TSC-5. - Securities Issued by Government-Sponsored Agencies,
Farmers Home Administration and the District of Columbia
(Par values - in millions of dollars)
Federal Reserve member banks
Issues
Held by
5,473
eommerical
banks l/
3,179
member
banks
Reserve city
2,294
3,006
12
New York
City
9
Chicago
152
other
country
nonmember
banks
Banks for Cooperatives:
1,037
691
133
51
197
309
346
Farm Credit Bank:
Discount Notes..............................
Consolid Bonds..............................
629
236
613
190
17
494
*
36
48
83
125
16
46
Farmers Home Administration:
Insured Notes...............................
829
558
10
10
128
410
271
277
4,392
160
3,496
208
*
277
9
1,038
151
1,973
117
896
239
178
24
_
86
68
1,013
-
-
-
-
-
-
-
Total FHLB..................................
4,908
3,834
232
277
2,192
1,073
F^er,al_Intemediate. Credit Banks;
Debentures..................................
2,045
1,544
161
10
428
945
501
3,879
2,801
198
27
668
1,908
1,078
924
5,165
203
108
663
4,058
123
60
31
317
6
6
91
3
200
1,305
2
*
426
2,344
113
60
261
1,107
80
48
6,401
*
4,905
*
354
*
100
*
1,507
*
2,943
*
1,496
*
19,964
15,13b
1,105
969
4,145
8,915
4,827
Federal Home Loan Banks:
Discount Notes..............................
Bonds.......................................
FEEL' Mtg. Backed Certificates &
Bonds 2 / ...................................
Issues to State and Local
Govts......................................
%
federal Land Bank:
Federal. National Mortgage Association:
Discount Notes.. ...........................
Debentures..................................
Capital Debentures...........................
Mtg. Backed Bonds............................
Issues to State and Local
Total FNMA....................................
District of Columbia.Stadium Bonds............
Total Government sponsored’agency
securities covered in survey... .
Includes trust companies and stock savings banks but excludes securities held in trust departments.
2/ Data on holdings of nonmarketable public debt were no longer collected
beginning with July 1974 Treasury Survey of Ownership.
1/
-
_
-
2/
*
_
-
1,33
-
-
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.
August 1978
79
MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 81,
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.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
The securities
Securities
States Government are excluded.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,303
2,304
2,207
2,204
2,211
2,199
2,307
2,203
2,306
2,304
2,306
2,298
2,304
Issue date
26-week
13-week
$3,505
3,50&
3,509
3,501
3,503
3,407
3,402
3,402
3,403
3,406
3,402
3,401
3,406
3,504
3,403
3,405
3,407
3.407
3,403
3,410
3,404
3,403
3,403
3,406
3,409
3,503
5/d4/78
5/11/78
5/18/78
5/25/78
6/01/78
6/08/78
6/15/78
6/22/78
6/29/78
7/06/78
7/13/78
7/20/78
7/27/78
26-week
2/02/78
2/09/78
2/16/78
2/23/78
3/02/78
3/09/78
3/16/78
3/23/78
3/30/78
4/06/78
4/13/78
4/20/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
6/01/78
6/08/78
6/15/78
6/22/78
6/29/78
7/06/78
7/13/78
7/20/78
7/27/78
Bank discount
Maturity
date
Bid
8/03/78
8/10/78
8/17/78
8/24/78
8/31/78
9/07/78
?7izr/78
9/21/78
9/28/78
10/05/78
10/12/78
10/19/78
10/26/78
11/02/78
11/09/78
11/16/78
11/24/78
11/30/78
12/07/78
12/14/78
12/21/78
12/28/78
1/04/79
1/11/79
1/18/79
1/25/79
Amount
outstanding
(millions)
52-week
Change from
last month
+.127.
-.03
-.If
-.24
-.23
-.31
-.34
-.34
-.37
-.43
-.43
-.43
-.47
-.39
-.31
-.32
-.34
-.33
-.34
-.33
-.30
-.33
—
—
6.707.
6.61
6.56
6.51
6.56
6.60
6.58
6.64
6.64
6.73
6.75
6.80
6.76
6.90
7.00
7.06
7.06
7.06
7.07
7.08
7.08
7.08
7.13
7.26
7.30
7.31
$3,005
3,036
3,162
3,587
3,838
3,205
3,253
3,321
3,346
3,025
2,478
2,784
3,380
Bank discount
Issue
date
52-week
8/23/77
9/20/77
10/18/77
11/15/77
12/13/77
1/10/78
2/07/78
3/07/78
4/04/78
5/02/78
5/30/78
6/27/78
7/25/78
Maturity
date
Bid
Change from
last month
8/22/78
9/19/78
10/17/78
11/14/78
12/12/78
1/09/79
2/06/79
3/06/79
4/03/79
5/01/79
5/29/79
6/26/79
7/24/79
6.667.
6.63
6.78
7.07
7.08
7.22
7.42
7.50
7.58
7.68
7.73
7.76
7.74
-.147.
-.36
-.46
-.36
-.30
-.18
-.15
-.17
-.13
-.08
-.04
-.02
—
—
Table MQ-2. - Treasury Notes
Amount
outstanding
(millions)
$5,155
2,462
2,949
3,195
2,921
8.207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
2,308
1,782
3,180
4,559
2,989
3,481
3,861
2,081
4,334
3,376
1,604
2,241
4,791
3,920
2,006
3,875
4,608
3,820
6,076
3,180
7,265
3,099
2,185
4,407
4,117
4,133
(Price decimals are 32ds)
Yield
Price
Description
7-5/87.
8-3/4
6-5/8
6-1/4
5-7/8
6
5-3/4
5-1/4
8-1/8
5-7/8
7
5-7/8
6
5-7/8
7-7/8
6-1/8
6-J/8
7-3/4
6-1/4
6-1/4
6-7/8
6-5/8
6-5/8
8-1/2
7-1/4
6-1/4
6-5/8
7
7-1/8
7-1/8
7-1/2
7-1/2
6-1/2
7-5/8
7-1/2
7-3/4
6-7/8
8
7-5/8
8-1/4
8-1/2
6-3/4
_
-
_
-
-
_
-
_
.
-
_
.
-
_
-
-
_
_
_
.
-
Bid
Change
from last
month
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/31/78-S
11/15/78-B
11/30/78-T
12/31/78-U
12/31/78-H
1/31/79-L
2/15/79-H
2/28/79-M
3/31/79-N
4/30/79-P
5/15/79-D
5/31/79-Q
6/30/79-R
6/30/79-E
7/31/79-S
8/15/79-A
8/15/79-J
8/31/79-T
9/30/79-U
9/30/79-F
10/31/79-V
11/15/79-K
11/15/79-B
11/15/79-C
11/30/79-W
12/31/79-X
12/31/79-G
1/31/80-K
2/15/80-G
2/29/80-L
3/31/80-C
99.31
100.00
99.29
99.23
99.17
99.16
99.10
98.28
99.31
98.31
99.14
98.24
98.18
98.10
99.24
98.10
98.04
99.18
98.03
97.31
98.17
98.06
98.02
100.04
98.19
97.13
97.26
98.09
98.12
98.07
98.25
98.23
97.11
98.24
98.18
.00
-.02
+.04
+.05
+.07
+.09
+.08
+.08
-.01
+.08
4/30/80-N
5/15/80-A
5/31/80-P
6/30/80-D
6/30/80-Q
7/31/80-R
8/15/80-H
99.00
97.18
99.10
98.21
99.22
100.02
97.00
+.02
+.02
+.02
+.08
+.03
+.06
+.08
+.06
+.06
.00
+.06
+.07
+.03
+.07
+.07
+.05
+.05
+.06
+.03
+.04
+.07
+.06
+.05
+.04
+.03
+.03
+.05
+.10
+.03
+.05
—
+.13
To
maturity
Change
from las't
month
8.157.
8.41
7.57
7.82
7.69
7.68
7.81
8.03
8.15
8.03
8.09
8.11
8.26
8.24
8.21
8.26
8.30
8.26
8.28
8.33
8.38
8.41
8.40
8.39
8.46
8.41
8.45
8.43
8.44
8.49
8.43
8.43
8.37
8.49
8.44
+.487.
+. 46r
-.26
-.14
-.27
-.45
-.26
-.12
+.03
-.16
-.17
-.14
-.03
-.02
+.03
-.04
-.07
-.06
-.07
-.07
-.04
-.03
-.06
-.08
-.03
-.06
-.05
-.05
-.03
.00
-.02
-.06
-.13
-.02
-.06
8.38
8.37
8.41
8.40
8.43
8.47
8.38
-.01
+.02
-.02
-.11
-.05
--
-.16
Price range since first traded 1/
Issue
date
High
Price
Low
Date
Price
Date
5/15/75
5/15/74
8/31/76
9/30/76
11/01/76
11/15/71
11/30/76
12/31/76
10/22/75
2/03/77
2/17/76
2/28/77
3/31/77
5/02/77
11/06/74
5/31/77
6/30/77
7/09/75
8/01/77
8/15/72
8/16/76
8/31/77
9/30/77
9/04/77
10/31/77
11/15/76
2/15/73
11/15/73
11/30/77
1/03/78
1/06/76
1/31/78
2/15/77
2/28/78
3/17/76
103.24
106.10
102.06
101.20
101.01
101.08
100.28
99.27
105.08
100.09
103.09
100.11
100.18
99.28
105.10
100.06
100.04
105.08
99.30
101.23
103.09
100.07
99.22
107.18
100.09
101.28
102.26
103.22
100.01
99.25
105.04
100.02
97.16
100.06
105.04
12/03/76
2/05/75
12/03/76
12/10/76
12/10/76
12/03/76
12/10/76
12/27/76
12/03/76
4/14/77
12/02/76
4/14/77
4/14/77
4/20/77
12/02/76
6/28/77
6/28/77
12/03/76
7/26/77
12/10/76
12/10/76
9/06/77
9/29/77
12/02/76
11/29/77
12/10/76
12/10/76
12/10/76
11/30/77
1/04/78
12/02/76
2/01/78
6/13/78
3/22/78
12/02/76
97.26
99.24
99.18
99.07
98.25
90.10
98.17
97.27
99.30
98.12
98.23
98.09
98.08'
98.02
98.04
98.04
97.28
97.16
97.27
90.04
98.11
98.00
97.27
90.23
98.14
97.06
91*02
92.16
98.06
98.03
9/16/75
8/23/74
1/12/78
1/12/78
10/18/77
8/23/74
10/19/77
10/18/77
7/25/78
1/10/78
98.20
98.16
97.00
98.20
98.12
7/21/78
7/20/78
7/24/78
7/24/78
7/24/78
5/01/78
5/15/73
5/31/78
6/10/76
6/30/78
7/31/78
8/15/77
99.29
103.12
99.28
99.09
99.24
100.03
100.07
4/25/78
12/10/76
6/08/78
5/17/78
7/28/78
7/28/78
9/06/77
98.25
91.16
99.04
98.13
99.16
99.27
96.18
7/21/78
8/23/74
7/25/78
7/25/78
7/24/78
7/21/78
6/28/78
3/04/76
1/12/78
1/11/78
1/12/78
9/15/75
7/10/78
6/26/78
9/15/75
6/26/78
8/23/74
7/21/78
7/21/78
7/13/78
9/16/75
7/10/78
7/24/78
8/23/74
8/23/74
7/21/78
7/21/78
Treasury Bulletin
80
.MARKET QUOTATIONS ON TREASURY SECURITIES, JULY 31, 1978.
Table MQ-2. - Treasury Notes-Continued
(Price decimals are 32d's)
$4,296
2,141
4,600
2,692
1,842
4,796
2,809
2,020
3,893
2.514
2,586
2,968
2,543
4,477
3,452
2,697
2,853
2,613
2,747
2,594
2,918
2,737
2,902
7,958
2,573
2,309
8,438
2,863
4,203
5,219
9.515
2,387
4,148
3
2
1
2
3
Price range since first traded 1/
Yield
Amount
out
standing
(millions)
Description
9%
6-7/8
7-1/8
5-7/8
7
7-3/8
6-7/8
7-3/8
7-1/2
6-3/4
7-5/8
6-3/4
7
7-3/4
7-1/4
6- 1/8
7-7/8
7
8
8-1/4
8-1/8
7-1/8
7-7/8
8
7-7/8
7
7-1/4
7-1/4
8
7-7/8
8
7-5/8
8-1/4
1^1/2
1-1/2
1-1/2
1-1/2
1-1/2
1- 1/2
1-1/2
1-1/2
1-1/2
1-1/2
Change
from
last
month
To first
call or
maturity
8.42%
8.42
8.44
8.38
8.49
8.48
8.48
8.45
8.49
8.48
8.47
8.45
8.47
8.46
8.45
8.32
8.41
8.45
8.33
8.42
8.41
8.48
8.44
8.40
8.46
8.43
8.47
8.42
2/
8/15/80-B
9/30/80-E
11/15/80-J
12/31/80-F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
5/15/81-M
6/30/81-J
8/15/81-F
9/30/81-K
11/15/81-G
11/15/81-B
12/31/81-L
2/15/82-D
3/31/82-G
5/15/82-E
5/15/82-A
6/30/82-H
8/15/82-B
11/15/82-F
11/15/82-C
2/15/83-A
5/15/83-C
11/15/83-B
2/15/84-A
8/15/84-B
$101.02
97.00
97.10
94.20
96.21
97.17
96.08
97.12
97.19
95.20
97.25
95.12
95.27
98.00
96.16
93.12
98.11
95.12
98.30
99.14
99.01
95.07
98.00
98.16
97.24
94.00
94.22
94.18
.00
+.09
+.08
+.13
+.05
+.06
+.08
+.09
+.04
+.08
+.09
+.14
+.09
+.06
+.10
+.22
+.10
+.08
+.15
+.08
2/15/85-A
5/15/86-A
8/15/86-B
11/15/87-A
5/15/88-A
10/1/78-E0
4/1/79-EA
lO/l/79-EO
4/1/80-EA
10/1/80-E0
97.26
96.08
97.07
94.07
98.00
98.14
95.18
91.30
89.02
+.10
+.14
+.20
+.13
+.14
86.12
+.20
8*.44
8.54
8.48
8.54
8.56
10.99
8.46
8.91
8.68
8.51
4/1/81-EA
10/1/81-E0
4/1/82-EA
10/1/82-E0
4/1/83-EA
84.10
81.16
79.02
76.26
74.18
+.20
+.12
+.12
+.12
+.12
8.16
8.25
8.23
8.18
8.16
+. 10
+.09
+.11
+.08
+.08
+.09
+. 16
+. 15
+.30
+.22
+.12
+. 22
Change
from
last
month
- . 02%
-.09
-.08
-.1 2
-.03
-.05
-.06
-.09
-.02
-.05
-.08
-.12
-.07
-.05
-.09
-.19
-.09
-.06
-.14
-.07
-.09
-.06
-.09
-.07
-.05
-.05
-.10
-.09
-.06
-.08
-.11
-.06
-.06
-.93
-.26
-.13
-.14
-.10
-.10
+.01
+.01
.00
-.0 1
High
Issue
date
Date
Date
12/10/76
12/02/76
11/15/77
12/03/76
11/26/76
12/02/76
5/18/78
12/12/76
7/28/78
6/28/77
12/02/76
9/06/77
11/26/76
12/02/76
12/01/77
12/31/76
4/17/78
4/14/77
12/03/76
6/07/78
12/10/76
10/06/77
12/03/76
3/21/78
4/17/78
12/10/76
6/28/77
9/06/77
100.21
8/23/74
7/10/78
7/24/78
7/10/78
8/23/74
9/01/75
7/24/78
7/25/78
7/25/78
7/24/78
7/21/78
7/10/78
7/25/78
9/16/75
7/24/78
7/11/78
7/24/78
7/24/78
9/16/75
7/24/78
9/15/75
7/25/78
7/10/78
7/25/78
7/24/78
7/21/78
7/13/78
7/21/78
3/21/78
12/30/76
12/30/76
12/21/77
5/17/78
97.03
95.14
96.09
93.13
86.12
7/31/78
7/31/78
6/30/78
7/31/78
7/31/78
84.10
82.26
79.20
77.30
74.26
7/31/70,
7/31/77
12/30/77
3/31/77
3/31/78
77.20
75.12
73.04
74.10
72.00
74.16
76.20
78.00
76.14
74.06
7/25/78
7/14/78
7/10/78
7/13/78
7/10/78
9/30/74
9/30/74
10/31/74
4/30/75
10/01/76
5/28/76
3/31/77
3/31/77
6/30/78
6/30/78
8/15/74
9/14/76
11/15/77
12/07/76
2/15/74
2/18/75
3/08/77
1/26/76
2/15/78
6/03/77
7/09/76
9/07/77
10/12/76
11/15/74
12/07/77
1/06/77
3/06/78
4/04/77
5/15/75
6/07/78
8/15/75
10/17/77
11/17/75
2/17/76
4/05/78
11/15/76
2/15/77
8/15/77
110.06
103.19
99.29
100.11
103.28
105.08
97.00
105.08
97.21
100.30
106.10
99.25
104.10
106.30
99.24
99.30
100.07
101.25
108.04
100.05
108.20
99.15
107.20
100.29
99.29
104.04
101.30
2/15/78
5/17/76
8/16/76
11/15/77
5/15/78
10/01/73
4/01/74
10/01/74
4/01/75
10/01/75
4/01/76
10/01/76
4/01/77
10/01/77
4/01/78
100.22
101.00
107.20
108.20
99.10
99.14
98.14
95.18
92.18
89.02
96.20
96.31
94.02
91.14
95.06
95.29
96.30
97.10
95.10
97.13
94.27
95.14
96.12
96.01
92.18
97.26
94.28
97.01
98.28
97.20
94.23
97.11
97.30
97.07
93.10
93.29
93.26
97.06
Table MQ*3. - Treasury Bonds
(Price decimals are 32ds)
Yield
Price
Amount
out
standing
(millions)
Description
$2,494
1,753
807
2,702
1,239
2,353
748
1,042
1,216
2,768
1,247
2,855
1,504
181
627
1,501
1,914
1,768
1,053
527
692
1,957
2,414
2,771
4,662
1,575
4,246
4,249
_
-
rr
4%
3-1/2
7
6-3/8
3-1/4
^6-3/8
'3-1/4
4-1/4
6-1/8
3-1/2
8-1/4
4-1/4
7-1/4
4
6-3/4
7-7/8
7-1/2
8-5/8
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
8
8-1/4
7-5/8
L y k ,
2/15/80
11/15/80
8/15/81
2/15/82
6/15/78-83
8/15/84
5/15/85
5/15/75-85
11/15/86
2/15/90
5/15/90
8/15/87-92
8/15/92
2/15/88-93
2/15/93
2/15/93
8/15/88-93
8/15/93
5/15/89-94
2/15/95
5/15/93-98
11/15/98
5/15/94-99
2/15/95-00
8/15/95-00
8/15/96-01
5/15/00-05
2/15/02-07
11/15/02-07
Bid
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
3/
94.18
91.02
96.00
93.20
81.20
90.02
75.30
80.00
86.10
74.16
97.23
74.18
89.07
74.12
85.16
94.13
90.18
100.08
75.08
74.04
85.26
74.18
99.08
93.02
97.30
94.08
96.22
90.02
ij 92.22, .
Change
from
last
month
+.13
+.10
-.02
+.12
-.04
-.08
+.08
+.08
+.06
+.22
+.17
+. 14
+. 19
+.08
+1.00
+.24
+.06
+. 23
+. 10
+. 14
+. 22
+. 16
+. 20
+. 24
+.26
+. 24
+.22
+.22
To first
call or
maturity
2/
7.82%
7.84
8.52
8.50
7.86
8.51
7.90
8.14
8.46
6.71
8.56
7.15
8.59
6.80
8.51
8.55
8.63
8.60
6.69
5.38
8.49
5.62
8.58
8.59
8.59
8.58
8.57
8.56
.... _a-,56.,
the-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued”prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
Change
from
last
month
-.09%
-.02
+.06
-.08
+. 10
+.08
.00
-.02
-.01
-.09
-.07
-.05
-.07
-.02
-.13
-.10
-.02
-.08
-.03
-.04
-.08
-.04
-.06
-.08
-.08
-.07
-.07
-.07
Price range since first trade 1/
Issue
date
1/23/59
10/03/60
8/15/71
2/15/72
5/01/53
8/15/72
6/03/58
4/15/60
11/15/71
2/14/58
4/07/75
8/15/62
7/08/77
1/17/63
1/10/73
1/06/78
8/15/73
7/11/78
4/18/63
2/15/55
5/15/73
10/03/60
5/15/74
2/18/75
8/15/75
8/16/76
5/15/75
2/15/77
Low
High
Price
Date
Price
103.18
97.24
110.02
101.14
111.28
100.10
101.04
80.20
100.20
106.26
111.05
104.10
99.10
100.11
99.22
99.22
104.14
100.15
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
100.28
5/12/61
5/12/61
11/15/71
3/09/72
8/04/54
12/03/76
5/11/58
5/17/78
11/05/71
4/21/58
12/31/76
12/26/62
6/29/77
1/16/63
1/04/73
12/30/77
9/28/73
7/28/78
8/28/63
6/18/55
9/28/73
5/12/61
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
6/28/77
71.04
66.24
93.16
86.16
62.02
87.12
61.08
79.12
85.04
59.20
96.28
63.00
88.12
62.18
82.18
93.08
89.16
99.09
61.26
59.20
84.04
59.20
97.02
91.22
96.04
92.28
95.00
88.22
u n m ,,
Date
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
8/27/74
5/26/70
7/20/78
9/29/74
5/26/70
7/13/78
5/26/70
7/13/78
5/26/70
8/26/74
7/13/78
8/26/74
7/25/78
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
7/13/78
9/16/75
7/13/78
9/15/75
7/13/78
, 7/13/78
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
.2/ Included in the average yield of long-term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
YIELDS OF TREASURY SECURITIES July 31, 1978
Based on closing bid quotations
o?
Si
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
vo
00
£>
C
O
H
>
hH
o
§
§
w
£
I
CO
M
O
C
5d
Ch
I
3
00
22
Market yields on coupon issues due in less than 3 months are excluded.
82
Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BftMna
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
corporate
bonds 2/
Treasury
bonds 1/
Period
New Aa
Treasury New Aa
New Aa
1I Treasury
municipal bonds 1/ corporate municipal 1I bonds 1/
bonds
2
j
bonds 2 / j
bonds 2/ (
Monthly series - averages of daily or weekly
1970
1967
June............
Period
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
5.18
5.16
5.39
5.28
5.40
5.23 1/
5.09
5.04
5.09
5.24
5.36
5.66
6.57
6.57
6.80
6.79
7.00
7.02
5.74
5.86
6.05
5.84
5.85
6.05
6.91
6.54
6.69
6.88
7.00
7.28
1969
7.29
7.33
7.76
7.54
7.62
8.04
6.07
6.02
6.32
6.27
6.52
6.81
8.06
8.05
8.36
8.46
8.94
9.22
Treasury
bonds 1 /
New Aa
Corporate
bonds 2/
New Aa
New Aa
corporate municipal
bonds 2/
bonds 2 /
series
3.40
3.50
3.50
3.55
3.83
3.90 3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 5/
6.39
6.53
6.94
6.99
9.00
8.84
9.00
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
5.9$ 4/
6;l4
6.20
6.11
6.25
6.32
6.57
6.75
6.63
6.59
6.24 1/
5.97
9.09
9.08
9.00
9.14
8.97
8.13
6.22
6.00
6.15
6.25
6.05
5.20
6.53
6.85 U
6.41
6.25
6.30
6.35
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7.09 U
7.02
4.10
4.25
*4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
4.75
4.80
5.10
5.13
5.20
5.60
5.62
5.67
5.66
5.74
5.64
5.59
5.59 U
5.59
5.70
5.69
5.51
5.63
5.60
5.90
6.05
5.90
6.05
6.65
New Aa
municipal
bonds 3/
Period
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
1272
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
Treasury
bonds 1 /
4.99
5.06
5.29
5.30
5.22
5,26
5.28
5.19
5.26
5.09
4.94
4.97
New Aa
corporate
bonds £/
1973
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
1974
8.21
8.60
9.04
9.39
9.59
7.18
7.33 1/
7.30
7.22
6.93
6.77
10.18
10.30
10.44
10.29
9.22
9.47
1975
6.68 U
9.17
6*66
8.84
6.77 u
9.48
9.81
7.05
7.01 6 / 5 / 9.76
6.86
9.27
9.56
6.89
7.11 U
9.71
7.28
9.89
7.29
9.54
7.21
9.48
7.17
9.59
New Aa
muncicpal
bonds j/
Treasury
bonds 1/
4.99
5.11
5.22
5.02
5.04
5.13
6.93
6.92
6.88
6.73
7.01
6.92
5.22
5.40
4.98
4.98
5.14
4.97
6.85
6.82 IJ
6.70
6.65
6.62
6.38
5.19
5.25
5.42
5.61
5.89
5.92
6.68
7.16 y
7.20
7.13
7.17
6.99 y
6.75
6.55
6.64
6.33
6.33
6.86
6.98
7.011/
6.94
7.08
7.16 y
7.24 y
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
Period
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 2/
1976
8.97
8.71
8.73
8.68
9.00
8.90
6.32
6.17
6.34
5.97
6.38
6.39
7.60 5/
7.63
7.74
7.86
7.94 4/ ’
8.10
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.96
8.18
8.33
8.30
8.38
8.08
8.12
8.06
8.11
8.21
8.26
1978
8.70
8.7Q
B.70
8.88
9.00
9.13
9.27
New Aa
Treasury corporate
bonds l/ bonds 2/
6.36
6.01
5.87
5.91
5.97
5.41
5.52
5.41
5.59
5.33
5.36
5.32
5.33
5.39
5.15
5.28
5.14
5.21
5.36
5.23
5 25
5*33
5.75
5.91
5.99
New Aa
municipal
bonds 2 /
Weekly series - average for weeks eriding 1978
Feb. 3.....
10
17
2L
Mar
1/
2/
3
10
17
...
24
31.....
7.54
7.55
7.53 1/
7.65
8.66
8.66
8.71
8.79
5.35
n.a.
5.19
n.a.
7.64
7.62
7.60
7.59
7.68
8.76
8.69
8.66
8.68
8.70
5.32
5.25
5.12
5.24
5.33
Apr. 7....
14....
21....
28___
May
5--12___
19___
26....
7.74
7.73
7.78
8.78
8.85
8.91
8.96
5.40
n.a.
5.10
5.50
7.82
7.87
7.86
7.90
8.98
8.99
8.98
8.98
5.60
5.70
5.75
5.90
7.7?
Treasury bond yields are based on a composite of closing bid quota
tions m the over-counter market. Series included bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds currently in
series, see Table MQ-3.
Treasury series based on reoffering yields of new corporate bonds
rated Aa by Moody's Invertots Service and having an original maturity
of at least 20 years. Prior to June 1973, this series reflected
bonds without call protection. From June 1973 to July 1976, the
series was adjusted to refected 5 years call protection. Since that
16.....
23.....
30.....
7.92
7.88
7.89
7.96
8.04
9.06
9.15
9.15
9.13
9.18
n.a.
5.80
5.83
6.09
5.95
28.....
8.09
8.13
8.11
8.08
9.25
9.29
9.32
9.22
5.93
6.10
6.05
n.a.
time the series reflects bonds yields regardless of the call protection
offered.
Index of new reoffering yields on 20 year general obligations
rated Aa by Moody's Investor Service. Prior to June 1970£the series
was compiled by Securities Industries Association. Since then, the
series has been compiled by Treasury.
4/ One or more new long-term bonds added to the average.
2/ An existing bond dropped from the average.
n.a. Not available
2/
AVERAGE YIELDS OF LONGTERM TREASURY, CORPORATE,
AND MUNICIPAL BONDS
X
8
Oc>
PERCENT
PERCENT
VO
^1
00
10.0
10.0
9.0
>
<
8.0
Sd
>
o
O
7.0
GO
o
r
o
2
Q
6.0
w
w
o
5.0
a
05
4.0
3.0
1968
1969
1970
1971
1972
1973
1974
1975
1976
* Change in Aa computation method effective June 1973. See footnote following table AY-1.
1977
1978
0°
Treasury Bulletin
84
NATIO NAL BANK REPORTS.
Table NBR-1. - Operating Income and Expense, and Dividends of National Banks
Calendar Year 1977
(Dollar amounts in millions)
Number of banks 1/.
Equity Capital:
Capital stock, par value: 2/
Preferred..............................................................
Common............. ................ ...................................
Total capital stock....................................................
Total equity capital 2/..................................................
OPERATING INCOME:
Interest and fees on loans..............................................
Interest on balances with banks..........................................
Income on Federal funds sold and securities purchased under agreements
to resell in domestic offices.......................................... .
Interest on U.S. Treasury securities.....................................
Interest on obligations of other U.S. Government agencies and corporations.
Interest on obligations of States and political subdivisions of the U.S....
Interest on other bonds, notes, and debentures...........................
Dividends on stock.................................. ....................
Income from direct lease financing.......................................
Income from fiduciary activities.........................................
Service charges on deposit accounts in domestic offices...................
Other service charges, commissions, and fees.............................
Other income......... ....................................................
Total operating income.................................................
OPERATING EXPENSES:
Salaries and employee benefits...........................................
Interest on time certificates of deposits of $100,000 or more issued
by domestic offices.....................................................
Interest on deposits m foreign offices..................................
Interest on other deposits........... ....................................
Expense of Federal funds purchased and securities sold under agreements to
repurchase in domestic offices..........................................
Interest on borrowed money.........................- .....................
Interest on subordinated notes and debentures............................
Occupancy expense of bank premises, net..................................
Furniture and equipment expense..........................................
Provision for possible loan losses (actual net loan losses)...............
Other expenses...........................................................
Total operating expenses................................. ..............
INCOME BEFORE INCOME TAXES AND SECURITIES GAINS OR LOSSES...................
APPLICABLE INCOME TAXES (domestic and foreign)..............................
INCOME BEFORE SECURITIES GAINS OR LOSSES....................................
SECURITIES GAINS, NET,AFTER TAXES...........................................
INCOME BEFORE EXTRAORDINARY ITEMS...........................................
EXTRAORDINARY CREDITS, NET OF TAX EFFECT....................................
NET INCOME..................................................................
4,655
22
9,318
9,340
43,157
35,446
3.243
1,532
3,319
1,213
2,930
579
61
538
1,131
987
1,567
1.243
53,789
9,487
4,032
7,123
11,957
3,116
604
203
1,710
1,141
1,985
5,598
46,956
6,833
1,767
5,066
36
5,103
36
5,139
Cash dividends:
On preferred stock.......................................................
On common stock................................ ............ ............
1
1,993
Ratios:
Net income, before dividends, to equity capital..........................
Cash dividends to equity capital.........................................
11.91
4.62
Source:
Office of the Comptroller of the Currency
1/ Includes all banks operating as National banks at year end.
1/ Averages of amounts reported for the three call dates of June and December in the current year and December in the
preceding year.
August 1978
85
INTERNATIONAL FINANCIAL STATISTICS.
Tho tables tn this section ape 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.
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-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 po
sition in the International Monetary Fund.
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-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
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-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
1968...............................
1971...............................
1975...............................
1976...............................
1977-July......... ................
Sept..........................
Nov...........................
1978-Jan...........................
Feb...........................
Mar...........................
May..........................
June.........................
July.........................
1/
2/
2/
5/
6/
2J
*”
Total
reserve
assets
(1)
15,710
16,964 y
14,487
12,167 71
13,151 8/
14,378 9/
15,883
16,226
18,747 10/
19,312 10/
18,927 10/
19,055 10/
18,988 10/
19,048 10/
19,155 10/
19,312 10/
19 »■
454
19,373
19,192
18,842
18,966
18,864
18,832
io/
10/
10/
10/
10/
10/
10/
Total 2j
(2)
10,892
11,859
11,072
10,206
10,487
11,652
11,652
11,599
11,598
11,719
11,658
11,658
11,658
11,658
11,658
11,719
11,718
11,718
11,718
11,718
11,718
11,706
11,693
8/
9/
Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
Includes gold held by the Exchange Stabilization Fund (ESF). 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 Account in the International Monetary Fund,
plus or minus transactions in SDR.
Includes holdings of Treasury and Federal Reserve System.
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts related to the United States quota. See Table IFS-5.*
Includes gain of $68 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.
(3)
10,367
10,367
10,732
10,132
10,410
11,567
11,652
11,599
11,598
11,719
11,595
11,595
11,595
11,595
11,595
11,719
11,718
851
1,100
1,958
2,166
2,374
2,335
2,395
2,629
2,498
2,483
2,489
2,530
2,548
2,629
2,629
10/
10/
10/
10/
10/
10/
10/
10/
10/
173
Reserve
position in
International
Monetary Fund 5/
(6)
..... 1,290.....
2,324
1,935
585
465 8/
552 19/
1,852
2,212
4,434 10/
4,946 10/
4,716 10/
4,859 10/
4,776 10/
4,842 10/
4,933 10/
4,946 10/
4,934 10/
2,671
2,693
2,669
2,760
2,804
10/
10/
10/
10/
10/
18
80
67
‘
141
84
4,966
4,701
4,388
4,347
4,270
2,860 10/
102
4,177 10/
Special
drawing
rights y
(4)
Treasury
_
8/
9/
11,718
11,718
11,718
11,718
11,706
11,693
8/
9/
Convertible
foreign
currencies 4/
(5)
3,^8
2,781 6/
629 ~
276 V
241
8
5
80
320
18
55
55
65
18
16
18
^
10/
10/
10/
10/
8/ Total reserve assets include increase of $1,016 million resulting fron
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock,
$155 million special drawing rights and $33 million reserve position
in the International Monetary Fund.
,9/ Total reserve assets include increase of $1,436 million resulting
from change in par value of the dollar on October 18, 1973, consis
ting of $1,165 million total gold stock, *1,157 million Treasury
gold stock, *217 million special drawing rights, and $54 million
reserve position in the International Monetary Fund.
10/ Beginning July 1974, the IMF adopted a technique for valuing the SDP
based on a weighted-average of exchange rates for the currencies of
16 member countries. The United States SDP holdings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDP 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U,S. reserve position
U.S. total
(net)
in the IMF
reserves
1977-July
Aug.
Sept.
Oct.
Nov.
Dec.
1978-Jan.
Feb.
Mar.
Apr.
May
June
July
2,572
2,578
2,581
2,586
2,597
2,610
2,610
2,627
2,627
2,626
2,729
2,729
4,738
4,921
4,831
4,289
4,906
4,790
4,776
4,766
4,466
4,193
4,175
4,030
19,023
19,212
19,135
19,091
19,177
19,137
19,277
19,129
18,891
18,604
18,763
18,549
2,729
3,867
18,401
86
Treasury Bulletin
_ INTERNATIONAL FINANCIAL STATISTICS___
Table IFS-2. - Selected U.S. liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official institutions 2/
End of
calendar
year or
month
Liabilities
to IMF
arising from
gold trans
actions 1/
Total
(2)
(1)
1968 2/ ..............
f 39,512
r 46,740
\ 46,899
1970 2/ .............. . / 48,017
\ 47,968
1969 2 .................................
1971 2/ 11/............
i y
/ 68,440
1,030
1,019
1,019
566
566
544
544
_
\ 68,567
1972 2/ ................................. / 83,769
\ 83,787
93,642
(3)
1,030
{ 39,298
Total
-
17,407
17,340
Liabil
ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes 2/
Nonmarket
able U.S.
Treasury
bonds and
notes
(A)
(5)
(6)
529
3,979
4,104
525
525
1,548
1,552
_
17,303
17,335
4,729
4,657
4,082
4,092
647
565
1,633
1,635
11,206
10,519
4,194
4,197
3,7^7
3,750
447
447
14,925
14,925
17,985
5,130
5,130
6,032
4,705
4,705
5,602
425
425
430
1,974
1,969
2,188
2,206
2,764
2,222
2,222
30,575
30,367
8,882
498
498
3,604
4,583
7,650
29,881
37,950
43,250
10,801
13,791
16,494
8,3S4
8,493
10,100
12,814
14,736
20,917
5,850
15,34S
15,182
15,604
16,082
16,152
16,355
16,494
1,396
6,235
6,578
6,620
7,149
7,634
7,650
37,230
40,398
36,450
41,105
39,475
38,705
43,250
13,952
20,837
20,655
21,128
20,351
20,462
20,443
13,727
14,048
14,455
14,460
14,587
14,736
1,455
1,556
1,627
1,692
1,768
1,758
41,048
16,603
14,785
1,818
43,098
kQMz
16,866
16,856
16,283
^,703
17,201
15,128
H,710
17,350
15,189
61,526
61,526
40,093
40,093
5,236
5,236
5,701
_
9,431
9,534
450
15,747
450
15,747
15,564 1 2/ 1,363
76,816
76,823
80,712
91,975
126,031
53,196
53,203
5,059
5,059
16,339
16,339
50,461
54,956
65,822
6,671
11,788
32,116
19,976
20,443
103,659
107,608
108,121
111,193
117,042
123,146
126,031
58,548
61,144
57,800
57,864
60,909
63,532
65,822
18,344
19,392
23,088
25,581
28,633
31,518
32,116
164,700
_
_
-
129,783
132,688
140,607
137,402
67,740
-
136,943
76,868
33,830
33,554
34,538
32,838
32,838
205,056
-
134,961
75,298
20M 22
-
134,129
73,860
M a y p ...........
June p ..........
4,504
4,629
1,955
1,955
169,878
167,645
176,124
180,417
186,191
193,806
T210,496
\ 209,53S
23,694
23,701
39,823
39,162
July..............
Aug...............
Sept..............
Oct...............
Nov...............
Dec...............
1978-Jan.............
Feb.............
Mar...............
13/.....
-
51,209
50,651
1977-June...........................
Apr.
1,502
1,499
306
_
208,950
609
465
20,02?
127,432
152, l(68r
193,806
195,523
198,794 r
4,484
4,484
23,786
23,775
1975..................................... .
1976..................................... .
1977..................................... .
-
5,093
4,949
71,709
78,761
77,327
3,219
3,219
3,070 1( /
3,070
3,452
3,452
295
20,648
20,473
-
7,740
7,823
32,089
19,602
19,513
19,444
19,444
19,355
7,805
7,793
7,793
8,219
32,559
19,284
8,426
Note:
Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of U.S. Fed
erally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organ
izations.
1/ Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign pur
chases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Inter
national Monetary Fund to the United States to acquire income-earning
assets.
2/ Includes Bank for International Settlements and European Fund.
2 / Derived by applying reported transactions to benchmark data.
j±/ Excludes notes issued to foreign official nonreserve agencies.
j>/ Includes debt securities of U.S. Government corporations, Fed
erally-sponsored agencies, and private corporations.
6/ Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and to
"other foreigners."
2 / Includes marketable U.S. Government bonds and notes held by foreign
banks.
8/ Principally the International Bank for Reconstruction and Development;
(S)
14,48C
14,480
346
346
20,028
Liabil
ities
to
banks
6/
Liabilities
to non&onetary in
Market
ternation
Liabil
able U.S. al and re
ities
Gov't,
gional or
Total reported bonds
by banks and notes ganizations
s/
in U.S.
2/ U
(12)
(9)
(10)
(11)
-
15,975 IQ / 12,559
15,998
12,582
_
-
_
462
1974 2/.............. / 120,417
\^120,325
-
Other
readily
market
able
liabil
ities
1/
(7)
13,659
13,659
66,861 121/ 44,233
12/
Liabilities to
other foreigners
41,425r
47,971
8,991
16,670
14,745
14,919
14,882
14,302
701
977
1,758
1,925
1,943
1,974
1,974
2,073
2,161
4,144
4,144
6,038
8,752
8,031
S,463
6,690
7,470
7,444
7,748
7,985
8,031
8,089
8,011r
8,378
8,267
7,850
8,191
8,633
the Inter-American Development Bank <fnd the Asian Development Bank.
2 / Data on the two lines shown for this date differ because of changes
TO/
11/
12/
13/
n.a.
p
r
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.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks", a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official institutions of foreign countries are increased in value
by $110 million to reflect market exchange rates as of December 31,
1971, as follows: U.S. Treasury certificates, $7 million; nonmarket
able U.S. Treasury bonds and notes, $103 million.
Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
Data on the two lines shown for this date differ because of changes
in reporting forms and coverage (See introductory text to Capital
Movements tables for discussion of changes). Figures in the first
line are comparable in coverage to thosS shown for the preceding
date; figures on the second line are comparable to those shown for
the following date.
Not available,
Preliminary,
Revised.
August 1978
87
— ........INTERNATIONAL FINANCIAL g'TA'TTtyrina
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
Total
foreign
countries
End of
calendar year
or month
1968 J/.......................
1969 2/ ....................
1970 2/....................
1971 2 /5 / .................
1972..........................
1974..........................
1976..........................
1977 .........................
1977-June.....................
July.....................
1978-Jan......................
Feb......................
Mar......................
May p ....................
June p ...................
(1)
17,407
\ 17,340
/ 15,975 y
\ 15,998 V
/ 23,786
\ 23,775
/ 51,209
V. 50,651
61,526
r 66,8616/
/ 76,816
^ 76,823
80,712
91,975
126,031
103,659
107,608
108,121
111,193
117,042
123,146
126,031
129,783
132,688
140,607
/137,402
V 136,9^3
134,9*1
134,129
f
Western
Europe
1/
(2)
8,070
8,062
7,074 J j
7,074 A /
13,620
13,615
30,010
30,134
34,197
45,764 6/
44,328
44,328
45,701
45,882
70,707
53,344
55,669
57,743
60,724
65,039
68,167
70,707
72,557
74,401
76,238
73,866
73,666
72,552
73,833
Canada
(3)
1,867
1,866
1,624
1,624
2,951
2,951
3,980
3,980
4,279
3,853
3,662
3,662
3,132
3,406
2,334
2,700
2,653
2,557
2,508
1,863
1,919
2,334
2,078
1,389
1,633
2,447
2,493
2,702
2,610
Note:
Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks m the
United States; foreign official holdings of marketable and nonmarket
able U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Government corporations,
Federally-sponsored agencies, and private corporations.
1/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania, Eastern Europe and Western European
dependencies is Latin America.
3/ 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.
4/ Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
Latin American
and Caribbean
Republics
(4)
1,865
1,865
1,888
1,911
1,681
1,681
1,414
1,429
1,733
2,544
4,419
4,419
4,448
4,906
4,633
4,240
4,338
4,251
4,466
4,269
4,858
4,633
4,562
5,145
5,752
5,584
5,530
5,396
4,646
Asia
(5)
Africa
Other
countries
2/
(6)
(7)
4,713
4,708
259
248
546
546
407
407
14,519
13,823
17,577
10,887
18,619
18,626
415
415
777
788
3,161
3,161
22,551
34,108
45,676
39,839
a , 167
40,427
40,318
42,685
45,435
45,676
2,983
1,893
1,742
1,938
2,460
2,265
2,144
2,027
1,792
1,742
1,706
1,899
1,756
1,873
1,872
1,945
1,689
5,043
4,997
4,552
4,552
48,084
49,164
54,197
52*515
52,263
51,441
50,373
303
302
291
291
414
413
871
870
2,963
3,025
2,627
2,627
1.897
1,782
940
1,598
1,321
878
1,033
1,159
975
939
796
690
1,031
1,117
1,119
925
978
5/ Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $101 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of 'foreign currency
liabilities revalued to reflect market exchange rates.
7/ Data on the two lines shown for this date differ because of changes in
reporting form and coverage. Figures in 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.
(See introductory text to Capital Movements tables for discussion of
changes in reporting forms as of April 30, 1978.)
r Revised.
p
Preliminary.
88
Treasury Bulletin
________ INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year or
month
1972.........................
1978-Jan.....................
Feb.....................
Mar.....................
Apr.....................
May.....................
July....................
End of
calendar
year or
month
Total
Total
Belgium
(2)
(1)
3,350
1,692
1,431
3,1^1 4/
2,480
3,563
9,657 £/
7,829
15,872
14,333
15,669 6/ 14,210
16,339
14,867
19,976
18,377
20,648
19,102
20,443
19,274
20,837
19,489
20,655
19,339
21,128
19,839
20,351
19,089
20,462
19,252
19,274
20,443
19,345
20,473
19,602
18,515
18,478
19,513
18,449
19,444
18,412
19,355
18,383
19,284
19,214
18,353
Canada
3/
Denmark
Germany
Italy
2/
Japan
Korea
Sweden
(9)
(10)
(3)
(4)
(5)
(6)
(7)
(&)
32
32
32
32
20
«
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
700
1,^50
1,400
1,400
650
550
700
700
600
600
600
600
600
600
20
_
_
_
_
_
_
5,000
11,315
11,670
12,327
16,277
16,879
17,467
17,366
17,366
17,866
17,866
17,866
17,467
17,467
146
135
25
22
22
_
_
-
_
-
-
_
-
-
-
-
-
-
-
17,467
17,467
17,467
17,467
17,467
17,467
-
-
•
_
-
_
-
_
600
300
600
700
_
_
-
15
15
15
15
15
_
“
_
_
25
-
_
_
-
_
_
_
_
-
-
-
-
Switzer
land
(11)
_
.
-
-
573
506
5V3
573
573
573
536
506
478
448
411
382
345
316
286
Taiwan
(12)
20
20
20
20
20
_
-
Thailand
(13)
100
100
100
100
100
-
~
-
“
“
-
_
_
-
_
-
-
-
_
_
-
-
Payable in foreign currencies
Total
Germany
Italy
Switzerland
y
1972.........................
1976.............. ..........
1977-July...................
Aug.... .............. .
Sept...................
Oct....... ............
Nov....................
Dec....................
1978-Jan....................
Feb....................
lifer....................
Apr....................
May....................
June..................
July...................
1,638
1,570 U
1,083
1,827 5/
1,539
1,459 6/
1,472
1,599
1,546
l'l69
1,348
1,315
1,289
1,262
1,210
1,169
1,128
1,087
1,035
995
943
901
861
Note: For further information, see "Public Debt Operations.”Tables
PD0-8 and 9.
1/ Includes bonds issued to the Government of Canada in connection with
transactions tinder the Columbia River Treaty. Amounts outstanding
were $114 mill ion ? through October 1968; $64 million, November 1968
through September 1969; $54 million, October 1969 through September
1970; and $24 million, October 1970 through October 1971.
2/ Notes issued to the Government of Italy in connection with
military purchases in the United States.
2 / In addition, nonmarketable Treasury notes amounting to $125 million
1,051
1,084 U
542
612
306
-
_
-
-
_
-
—
226
125
-
-
~
_
-
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
l'l69
1,348
1,315
1,289
1,262
1,210
1,169
1,128
1,087
1,035
995
943
901
861
'
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 6 and 7, Table IFS-1.
Includes
an increase in dollar value of $84 million resulting from
4/
revaluation of the German mark in October 1969. See also footnote 6,
Table IFS-1.
5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 7, Table IFS-1.
Includes $15 million increase in March and $132 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
August 1978
89
IN T ER N ATIO N A L FINANCIAL S T A T IS T IC S
Table IFS-5. - U.S. Position in the International Monetary Fund
Calendar year
or month
1968".,
1969.,
1970.,
1971.,
1972.,
1973.,
1974.,
1975.,
1976.,
1977.,
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
U.S. transactions with IMF
other countries
Net
with IMF
Pay
Trans
IMF net
Net
actions
income
ments of gold
sales
in
borrow in
RepurPurchases
sub
by IMF
ings by foreign dollars oi
chases
scrip
IMF 2/ curren
in
1/
dollars i j
tion in
cies
2
/
dollars
dollars/.
(2 )
(6)
(3)
(5)
(7)
(4)
.-805*.
=&T“
22
268
19
-1,343
712 6/
150
25
1,155
741
-854
-28
1,362
40
-24
200
-47
541 7/
-33
754 2/
-133
-59
-1,073
-442
-219
195
-572
426
10
-2,078
218
-628
670
-1,779
1,893
X977- July.
Aug..
Sept.
Oct..
Nov..
Dec..
1978-Jan..,
Feb..,
Mar..
Apr...
May...
June..
July..
-6
-153
-9
-6
-152
-7
98
-5
-145
-7
-6
-151
2,110
20
21
-8
-30
Note:
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
In April 1978 the U.S. quota was increased in SDP terms from 6,700
million to 8,405 million.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Represents net loans made to the IMF under the General Arrangements
to Borrow.
2 / Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases of dollars, including dollars derived from
charges on purchases and from other net dollar income of the Fund.
The United States has a commitment to repurchase within 3-5 years,
but only to the extent that the Fund’
s holdings of dollars exceed
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
j>/ Represents the United States reserve tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund's
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota.
6/ Includes $30 million of special drawing rights.
2/ Represents amount paid in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
-6
-53
-188
-47
-65
-42
-2&
-10
-65
-171
-191
IMF holdings
of dollars at
end of period
Percent
of
U.S.
quota
Total
change
(8 )
(9)
.=’
870’
"
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
376
285
159
99
8
122
89
60
166
327
290
234
304
338
226
-57
90
2
-77
116
13
10
300
2,384
18
145
132
U.S.
reserve
position
in IMF
at end of
period
J2/
(XX)
(10) _ _
"T?--55
71
91
94
93
78
72
44
49
■■37S70-’
2,836
4,765
6,115
6,810
7,531
6,265
5,800
3,587
3.963 £/
i ,m —
2,324
X,935
585
465
552
X,852
2,212
4,434
4.946 3 /
3,889
3.832
3,922
3,924
3,847 £/
3.963 £/
3,976 £/
48
47
49
49
48
49
4,716
4,859
4,776
4,842
4.933
4.946
49
4.934 3/
3,986 £/
4,286
'
6,670
49
6,688
64
66
67
II
6.833
6,965
2/
a/
3/
2/
3/
3/
4,347
4,270 3/
4>X77 9/
&/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
-me
1977-Jul y
Aug...................
Sept..................
Oct...................
Nov...................
Dec...................
1978-Ja.................... n
Feb..................
Mar..................
Apr..................
M a y ..... ...........
June.................
July.................
3/
29
-
18
58
32
-
5
52
10
99
1
43
38
108
114
Includes valuation adjustments on net borrowings by the IMb due to
changes arising from fluctuations in the dollar value of the IMF’
s
unit of account (SDR), for each month as follows (in millions of
dollars):
Increase or
■Passes,ae.(=.)
1977-Juiy..
Aug..,
Sept.,
Oct..,
Nov..,
Dec..,
1978-Jan.,,
Feb..,
Mar...
Apr...
May...
June..
July..
*
Payable to
the W
...
Less than $500,000.
3
-5
1
9
2
18
7
6
-6
-4
11
11
Treasury Bulletin
90
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6. - Weighted-Average of Exchange Rate Changes for the Dollar
(Bercent change relative to exchange rates as of end-May 1970)
Trade-weighted average appreciation (+)
or depreciation (-) of the U.S. dollar 1/
Vis-a-Vis
End of calendar
year or month
Currencies of
OECD countries 2/
197 0
197 1
197 2
197 3
-
2 .0
-
8.2
-0.9
-4.8
-10.9
-4.9
-9.6
-9.6
-4.6
-10.3
-9.4
-
14.6
-16.0
197 4
197 5
197 6
197 7
1977-July..
Aug...
Sept..
Oct...
Nov...
Dec...
1978-Jan...
F,eb.,.
Mar.*.,
Apr.. .
May...,
June p,
July p
-
-
-
1 .0
14.6
10.2
-
1 .0
-9.5
-9.7
+1.2
+1 .1
10.6
11.6
+1 .0
+0.5
+0.8
-14.6
-14.2
-14.9
-
-15.9
- 1.8
- 1 .2
-15.0
-14.8
-17.7
-
0 .6
-4.5
(EQ2)
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided for two sets of
countries that account for a major share of U.S. foreign trade. U.S.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes,though sich weights do not provide a full
measure of individual currencies' relative importance in U.S. inter
national transactions because they take no account of factors other
than trade. The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Xj/EX is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
E = [ (Ejn * m/m+x)*(-l) ] + [Ex * x/m+x]
Where:
m/m+x is U.S. imports as a proportion
of its total trade with all countries in
the set; and
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies?
Mj/SM i s U.S. imports from country i , as
a proportion of total U.S. imports from
all countries in the set.
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars ?
Afci/$ is the percent change in the
foreign currency i cost of dollars? and
Em = Z(A$/£ci * Mi/ZM)
A$/fci is the percent change m the dollar
cost of foreign currency i; and
Ex = Z(Afc1/$ * Xj/ZX)
Where:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies;
Where:
1 .0
-0.5
-1.4
1 / This table presents calculations of weighted average percentage changes
(EQ1)
Currencies of 46 main
trading countries 2 /
Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2 / The currencies of 46 IMF member countries which account for approximately
90$ of U.S. total trade,
p Preliminary.
2/
91
August 1978
CAPITAL MOVEMENTS
A number of changes in the presentation of some sections
of the capital movements statistics were introduced in the July
1978 issue of the Treasury Bulletin.
Chiefly, these changes
reflect major revisions in the structure of the Treasury In
ternational Capital (TIC) B-series Forms, filed by banks and
some brokers in the United States, to meet current conditions
and needs; others are designed to increase the usefulness of
the published statistics. Revisions to the reporting forms
represent a continuation of a broad program conducted over the
past several years to ensure the adequacy of the Treasury cap
ital movements statistics for analysis and policy formulation
with respect to the international financial position of the
United States and on movements of capital between the United
States and foreign countries. The revised forms and instruc
tions were developed with the cooperation of other Government
agencies and the Federal Reserve System, and in consultations
with representatives of the banking and securities industries.
The changes in the structure of the B-series JTorms
greatly improve the usefulness of the reports for analysis of
the foreign position of the banking system; analysis of the
movement of funds through foreign branches and head offices;
comparison of U.S. banking data with data of other countries;
and relating the Treasury data to the Federal Reserve data on
U.S. banks’foreign branches. The reporting instructions were
improved and clarified in several respects, and definitions
of items to be reported have been made as consistent as is
possible with definitions used in reports required by the bank
regulatory agencies. »
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 1934, Execu
tive Order 10033 of February 8, 1949, and Treasury regulations
promulgated thereunder. The report forms, formerly entitled
Treasury Foreign Exchange Forms, were redesignated in January
1977 as Treasury International Capital Forms* 1/ The regula
tions were amended in January 1977 to acknowledge the effects
of the International Investment Survey Act of 1976 which
provides additional authority for the collection of data on
international capital flows and international investment.
Statistics on the principal types of data and the principal
countries are published monthly in the
Treasury Bulletin.
Reports are filed with Reserve Banks by hanks, bank holding
companies, securities brokers and dealers, and nonbariking con
cerns in the United States. These statistics are then con
solidated and are published by the Treasury as promptly as
possible.
M a i c D ejli n ition s
The term "foreigner” as used in the Treasury reports
covers all institutions and individuals domiciled outside the
United States, including United States citizens domiciled
abroad, and the foreign branches, subsidiaries and offices of
United States banks and business concerns; the central govern
ments, 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 coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a num
ber 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 benefi
ciary. 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 of
ficial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional organizations are reported opposite the
appropriate international or regional classification except
for the Bank for International Settlements and the European
Fund, which are included in the classification "Other Europe."
Geographical Classification
A number of changes in geographical classification were
introduced for most capital movements tables in the July 1978 is
sue. Several countries formerly included in "Eastern Europe and
in "Other Latin American Republics" are shown separately in the
country list, as well as a new category in the International
and Regional grouping for "Middle Eastern Regional" in view
of the proliferation of regional financial organizations,
primarily in the Arab states. The remaining countries in the
categories "Other Eastern Europe" and "Other Western Europe"
have been combined into a single "Other Europe" category; and
the heading, "Latin America" has been retitled "Latin America
and Caribbean." To the extent possible, the statistics for
earlier dates have been adjusted in accordance with the revised
country stub.
Reporting Coverage
Reports are required from banks, bank holding companies,
securities brokers and dealers, and nonbanking concerns in the
United States, including the branches, agencies, subsidiaries,
and other affiliates in the United States of foreign firms.
Institutions which have total reportable liabilities, claims
or securities transactions below specified exemption levels
are exempt from reporting.
Banks file reports monthly covering their dollar liabil
ities to, and dollar claims on, foreigners in a number of
countries. Twice a year as of June 30 and December 31, they
also report the same liabilities and claims items with respect
to foreigners in countries not shown separately on the monthly
reports. Beginning with reports due as of June 30, 1978, banks
also report quarterly their liabilities and claims vis a vis
foreigners that are denominated in foreign currencies. The
specified exemption level applicable to the monthly reports
is $2 million and is based on the average for the report dates
during a six-month period, including the current report date.
There are no separate exemption levels for the quarterly and
semiannual reports.
Banks, securities brokers and dealers, and in some in
stances, nonbanking concerns, report monthly their transac
tions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
Quarterly reports are filed by exporters, importers, industrial and commercial concerns, financial institutions other
than banks and brokers, and other nonbanking firms if their
liabilities or claims, on the six-months average basis, are
$2 million or more. These firms also report the liquid por
tion of their claims for each months end when they have re
portable claims of $2 million or more.
Description of Statistics
Data collected on the Treasury International Capital Forms
are published in the Treasury Bulletin in six sections, be
ginning with the July 1978 issue.
Section I presents data in four tables on liabilities to
foreigners reported by banks in the United States. Beginning
with the July 1978 issue there is separate reporting of amounts
due to banks1 own foreign offices; the previous distinction bet
ween short-tem and long-term liabilities has been eliminated;
there is now a separation of the liabilities of the reporting
banks themselves from their custody liabilities to foreigners;
Anri foreign currency liabilities are only reported quarterly.
Also, beginning with the July 1978 issue, the data on liabilities
are made more complete by extending to securities brokers and
dealers the requirement to report certain of their own liabil
ities and all of their custody liabilities to foreigners.
Treasury Bulletin
92
CAPITAL MOVEMENTS
Table CM-1-1 showing-total liabilities by type of foreign
holder has been revised to combine liabilities previously shown
separately as either short-term or long-term (in old Table
CM-1-6). Table CM-1-2, Parts A and B, on foreigners’holdings
of liabilities, by type, is revised to show total bank report
ed liabilities payable in dollars only. Table CM-1-3 presents
total liabilities by country for recent periods and includes
the long-term data previously shown in Table CM-1-7; whereas
CM-1-4, on total liabilities by type, and country for the most
recent month, is revised to include several data items not
previously reported separately. The liabilities data on sup
plementary countries previously presented in Table CM-1-5 will
appear subsequently in new Table CM-III-1. (See Section III
below.) Old Tables CM-1-6 and CM-1-7 no longer appearv~ *
Section II presents the claims on foreigners reported by
banks in the United States, including claims held for their
own account and for the account of their domestic customers.
Beginning with data reported as of the end of April 1978,
banks’claims held for their own account aye reported sepa
rately from claims held for their domestic customers. The
former 'are available in a monthly series whereas the lat
ter data are collected on a quarterly basis only. Also, there
is no longer a monthly breakdown available on the long-term
and short-term components of banks’claims. Maturity data are
now collected quarterly on a time remaining to maturity basis
as opposed to the historic original maturity classification.
Foreign currency claims items are also collected only on a
qiiarteriy basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published in old Table
CM-II-4. Table CM-II-2, showing total claims by type, is based
on the new banking reports; however, it is not included in this
issue. Table CM-II-3, which presents total claims by country
merges the previously reported short-term and long-term claims
data from old Tables CM- II-2 and CM- II- 5. New Tables CM-II-4
through CM-II-7, not all of which are shown in this issue,
are based on the revised reports and replace the previous
tables which showed short-term and long-term claims separately.
Another important change in the claims reporting, beginrning with new quarterly data as of June 30, 1978, is the adop
tion of a broadened concept of ’
’
foreign public borrower”which
replaces the previous category of "foreign official institu
tion”to produce more meaning information on lending to the
public sector of foreign countries. The term "foreign public
borrower" encompasses central governments and departments of
central governments of foreign countries and of their posses
sions; foreign central banks, stabilization funds, and exchange
authorities; corporations and other agencies of central gov
ernments, including development banks, development institu
tions, and other agencies which are majority-owned by the cen
tral government or ite departments; State, provincial and local
governments of foreign countries and their departments and
agencies; and any international or regional organization or
subordinate or affiliated agency thereof, created by treaty
or convention between sovereign states.
Section III is new and includes two supplementary tables
on U.S. banks’liabilities to, and claims on, foreigners.
Neither of the supplementary tables, however, appears in this
issue. Table CM-III-1 summarizes dollar liabilities to, and
banks1 own dollar claims on, countries and areas not regularly
reported separately. Beginning with reports due as of June
30, 1978, these data are collected semiannually. Previously,
the semiannual reports wea?e addressed to
liabilities
Mntfv
With respect to all tables presented in Sections I and II,
attention is called to the fact that not all breakdowns previously
published will be exactly comparable to those currently presented.
Although an attempt has been made to revise past figures to put them
on a comparable basis with current data, caution should be exercised
in using past series in Sections I and II in conjunction with those
items only. Historically, the semiannual data were reported as of
April and December, however, they are now collected as of the end
of June and December. Table CM-III-2 is a new table that pro
vides data for selected yearends and the most recent twelve
months on U.S. banks’loans and credits to nonbank foreigners,
based on the TIC reports and on the monthly Federal Reserve
502 reports submitted for foreign branches of U.S. banks.
Sections IV and V (previously Sections III and IV) show
respectively the liabilities to, and claims on, foreigners re
ported by exporters, importers, industrial and commercial
firms, financial institutions other than banks and brokers,
and other nonbanking concerns in the United States. Tables
in these sections are unchanged from previous issues. The data
exclude the intercompany accounts of business enterprises
in the United States with their own branches and subsidiaries
abroad or with their foreign parent companies. (Such transac
tions are reported by business firms to the Department of Commerce
on its direct investment forms.) The data also exclude claims
held through United States banka. Separate figures are shown in
Section V for the short-term liquid claims of large nonbank
ing concerns in the United States.
Section VI (previously Section V but otherwise unchang
ed), contains data on transactions in all types of long-term
domestic and foreign securities by foreigners reported by banks
and brokers in the United States (except nonmarketable U.S.
Treasury notes, foreign series; and nonmarketable U. S. Treasury
bonds and notes, foreign currency series, which are shown in the
"International Financial Statistics" section, Table IFS-4).
The data cover new issues of securities, transactions in out
standing 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 ex
clude 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.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of 'the securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
State residents; but the net figures for transactions of in
dividual countries and areas m y include some transactions
between foreigners of different countries. Beginning with
data for 1969, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the in
tercompany capital transactions of business enterprises in the
United States with their own branches and subsidiaries abroad
or with their foreign parent companies, and capital trans
actions of the United States Government.
Consolidated data on
all types of capital transactions are published by the Depart
ment of Commerce in its regular reports on the United States
balance of payments.
1/
shown for periods after April 1978.
Copies of the reporting forms and instructions may be obtained from
the Office of Statistical Reports, Office of the Assistant Secretary
for Economic Policy, Department of the Treasury, Washington, D.C.,
20220, or from Federal Reserve Banks.
August 1978
93
.CAPITAL MOVEMENTS,
m
Note: Due to changes in reporting forms and coverage, Capital
Movements Sections I and II are being revised. Effective with this
issue of the Treasury Bulletin, Tables CM-I-5, CM-1-6, and CM-I-7
are no longer being published. New tables based on revised reporting
forms will appear in subsequent issues of the Bulletin. These tables
will be titled as follows: Table CM-II-2— "Total Claims, by Type:"
Table CM-II-4— "Total Claims, by Type and Country;" Table CM-II-5— "Banks1
Own Claims by Type;" and Table CM-II-7— "Domestic Customers’Claims bv
Type."
In addition, a new Section III, entitled "Supplementary Liabilities
and Claims Data Reported by Banks in the United States," will be intro
duced in subsequent issues and will include Tables CM-III-1— "Dollar
Liabilities and Dollar Claims, Countries and Areas not Regularly Reported
Separately" and Table CM-III-2— "Total Claims of Banks and Their Major
Foreign Branches."
94
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Total Liabilities by Type of Holder
(In millions of dollars)
International and regional 2/
Foreign countries
End of
calendar
or month
Total
liabili
ties
Official institutions 1/
Total
1970 2 / ............
1971 2 / ............
1976...............
1977-June......... .
July.......... 1,
Aug........... I1
Sept.......... |
Oct........... .1
Nov........... j|
Dec........... 1
1978-Jan........... 1I
Feb........... |1
Mar........... l
May P .........
June p ........
Payable
in foreign
currencies
(3)
(4)
Total
Payable
in dollars
'6)
(5)
Payable
in foreign
currencies
Total
Payable
in
dollars
Payable
in foreign
currencies
(9)
(10)
(1)
(2)
13,659
13,197
462
18,964
18,790
173
2,260 U
2,260
-
42,530
^ 42,690
12,559
12,582
12,356
12,379
203
203
27,673
27,806
27,446
27,579
227
227
2,298 U
2,302 u
2,298
2,302
-
f
43,422
43,464
20,028
20,028
19,880
19,880
148
148
21,385
21,427
21,164
21,207
221
220
2,009 U
2,009 u
2,009
2,009
-
f
56,306
56,331
39,823
39,162 5/
39,665
38,988 £/
158
165 6/
14,267
14,956 5/
14,019
14,708 5/
248
248
2,217 U
2,213 u
2,217
2,213
_
-
f
(
{
(7)
(8)
_
61,689
40,093
39,922
171
19,629
19,283
346
1,968
1,968
-
70,535
44,233
44,105
127 2/
23,587
23,117
468
2,716
2,716
-
96,128
96,056
53,196
53,203
53,069
53,076
127 2/
127 2/
38,959
38,860
38,320
38,221
639
639
3,973
3,992
3,973
3,992
“
96,147
50,461
50,461
-
39,982
39,430
552
5,704
5,696
8
111,430
54,956
54,956
-
50,764
49,987
777
5,710
5,705
5
127,065
65,822
65,822
-
3,256
3,245
11
115,72b
119,360
112,818
117,298
118,577
120,400
127,065
127,207
130,990
140,400
[ 143,597
t 142,638
138,299
136,698
p 8,548
58,548
_
5,996
4,092
4,519
3,874
3,732
3,576
3,256
5,983
13
15
38
32
20
20
11
11
9
4
2
2
2
10
1973...............
1974 2 / ............
Payable
m dollars
34,883
1968...............
1969 2 / ............
Banks and other foreigners
f
^
61,144
57,800
57,864
60,909
63,532
65,822
67,740
71,709
78,761
77,327
76,868
75,298
73,860
& &
57,864
60,909
63,532
65,822
67,740
71,709
78,761
77,327
76,868
75,298
73,860
_
_
“
Note: Total liabilities include liabilities previously classified
as either ’
’
short-term" or "long-term" on the Treasury reports
filed by banks. The maturity distinction was discontinued with new
reports filed as of April 30, 1978, and the historical series
adjusted accordinfly. Also see footnote 8.
1/ IncLudes Bank for International Settlements and European Fund.
Principally
Uie International Bank for Recon,li t(.iu n ana
2/
Development and the Inter-American Development Bank.
2/ Data on the tv/o Lines shown for this date differ because of
changes m 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.
y
Includes U.S. Government obligations at cost value and funds
awaiting investment obtained from proceeds of sales of gold by
the International Monetary Fund to the United States to acquire
income-earning assets as follows $800 million at end 1968 and
1969; $400 million at end 1970 and 1971. Upon termination of
57,985
57,071
51,182
54,124
50,499
55,560
53,935
53,292
57,985
55,832
56,170
58,017
62,853
62,770
50,450
53,106
49*570
54,769
53,111
52,369
57,071
59*831
59,900
1/
6/
1/
8/
2/
p
55,013
55,293
57,034
61,674
61,591
58,652
58,315
914
732
1,018
929
791
824
923
914
819
876
983
1,179 ,
1,179 2 /
1,179
1,585
m
3,635
3,111
3,622
3,842
3,712
3,556
3,245
3,624
3,102
3,618
3,417
3,000
3,170
2,939
3,415
2,998
3,168
2,929
investment, the same quantity of gold was reacquired by the Inter
national Monetary Fund.
Data on the second line differ from those on the first line
because certain accounts previously classified as "official
institutions" are included with "banks1’and a number of reporting
banks are included in the series for the first time.
Includes $7 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of Dec.
31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Data on the two lines shown for this date differ because of changes
in reporting forms and coverage. Figures on the first line are
comparable with those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
(See introductory text for Capital Movements Section for discussion
Data as of April 30, 1978.
Preliminary.
August 1978
95
C.APTTAI. MOVBMEMTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Total Liabilities by Type, Payable in Dollars
Part A - Foreign Countries
(In millions of dollars)
Official institutions 1/
End of
calendar
year
or month
Total
foreign
coun
tries
(1)
1968............
.........
1970 4/.........
1971 4/ 5/
- .........
1973............
.........
1975............
1976............
1977............
1977-June.......
July.......
Aug........
Nov........
Dec........
1978-Jan........
Feb........
Mar........
May P......
June p.....
31,987'
f 39,802
\ 39,958
41,044
41,086
f 53,684
{ 53,706
/ 59,205
I 59,204
67,222
f 91,389
t 91,297
89,891
104,943
122,893
108,998
114,250
107,370
112,633
114,021
115,901
122,893
122,753
127,002
135,795
f 139,001
( 138,459
133,950
, 132,174
Deposits
Demand
(2)
2,149
1,918
1,930
1,652
1,652
1,620
1,327 I/
1,591
1,591
2,125
2,951
2,951
2,644
3,394
3,528
2,705
3,642
3,122
3,133
2,990
2,557
3,528
2,673
2,782
2,804
3,532
3,702
3,092
2,610
Time 2/
(3)
1,899
2,951
2,942
2,554
2,554
2,504
2,039 5/
2,880
2,880
3,911
4,257
4,167
3,423
2,321
1,797
2,476
2,401
2,248
1,987
1,903
1,848
1,797
1,788
2,570
1,777
1,792
1,884
1,981
1,981
U.S.
Treas.
bills &
certif
icates
(4)
5,486
3,844
3,844
13,367
13,367
32,311
32,311
31,453
31,453
31,511
34,656
34,656
34,199
37,725
47,820
41,291
41,926
39,793
40,770
43,392
45,817
47,820
49,752
52,689
59,302
57,606
57,613
56,44?
55,606
Other foreigners
Banks
Dep>osits
U.S.
Treas. Other
To own
bills & liabil foreign
certif ities 2} offices 3/
Time 2/ icates
Other
liabil
ities 2/
Demand
(6)
(5)
3,663
3,643
3,663
2,307
2,307
3,230
3,321
3,998
3,998
6,558
11,205
11,302
10,195
11,516
12,677
12,076
13,175
12,637
11,974
12,625
13,310
12,677
13,527
13,668
14,878
14,396
13,667
13,776
13,663
'(7)
10,374
16,745
16,756
12,376
12,385
7,047
3,399 5/
4,658
4,658
6,941
8,248
8,231
7,534
9,104
10,933
9,464
10,136
8,928
9,676
9,677
9,666
10,933
10,274
10,570
10,113
10,732
10,195
10,343
10,160
1/ Includes Bank for International Settlements and European Fund.
2/ Time deposits exclude negotiable time certificates of deposit, which
are included m " Other liabilities."
3/ Data not available separately prior to April, 1978.
4/ Data on the two lines shown for this date differ because of changes
m 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.
5/ 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
deposits are included in "Other liabilities"; certain accounts
(8)
1,273
30
1,988
20
1,999
20
1,326
14
1,354
14
8
850
320 5/ 8
405
5
405
5
529
11
1,911
232
1,910
232
1,873
335
2,297
119
2,040
141
2,117
100
1,820
144
1,863
112
1,842
125
1,858
127
1,805
141
2,040
141
1,995
152
1,823
165
1,734
161
1,771
215
1,643
314
1,596
363
300
1,259
(10)
(9)
_
2,629
4,713
4,699
_
3,367
3,362
2,367
7,232 5/
9,510
9,510
10,034
19,546
19,355
19,588
25,652
29,222
24,816
27,280
24,619
28,670
26,989
. 26,169
29,222
27,807
27,991
30,107
_
33,334
6,639
28,493
24,757
6,465
6,152
25,255
Deposits
Demand Time 2/
U.S.
Treas.
bills 6.
certif
icates
Other
liabil
ities 2/
(11)
(12)
(13)
(14)
1,797
1,709
1,711
1,688
1,688
1,660
1,660
1,955
1,955
2,143
2,729
2,729
3,248
4,015
4,304
3,790
3,595
3,751
3,870
4,055
4,080
4,304
4,245
4,143
4,000
4,714
3,693
4,086
4,146
i.. ....
2,199
1,811
1,935
1,886
1,895
1,663
1,666
2,116
2,116
2,359
3,796
3,744
4,823
6,524
7,546
7,297
7,457
7,499
7,638
7,614
7,576
7,546
7,606
7,526
7,654
7,801
7,995
8,177
8,272
86
107
107
131
131
96
96
65
65
68
277
277
325
198
240
167
151
328
404
346
373
240
231
268
291
287
286
297
310
402
353
352
376
377
328
327
569
568
1,032
1,581
1,743
1,704
2,078
2,645
2,699
2,523
2,470
2,544
2,445
2,559
2,645
2,703
2,807
2,974
2,821
2,335
2,568
2,461
previously classified as "official institutions" are included with
"banks"; and a number of reporting banks are included in the series for
first time.
6/ Data on the two lines shown for this date differ because of changes m
reporting coverage. Figures on the first line are comparable with
those shown for the preceding date; figures on the second line are
comparable to those shown for the following date. (See introductory
text to Capital Movements Section for discussion of changes m
reporting.)
p
Preliminary.
96
Treasury Bulletin
.CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Total Liabilities by Type, Payable in Dollars—Continued
Part B - Nonmonetary International and Regional Organizations
(In millions of dollars)
Deposits
End of
calendar year
or month
(1)
196 8
1969 ZJ....
197 0
1971 2/...
Demand
(2)
1,460
1,498
1,502
1,609
68
62
62
1,818
1,814
U.S. Treasury
bills and
certificates
Time
(3)
Other
liabilities 1/
1/
(4)
(5)
394
244
244
69
113
83
83
159
885
1,109
1,113
1,170
73
73
192
192
211
211
1,342
1,338
197 2
.
1,968
86
202
326
1,354
197 3
.
2,716
101
83
296
2,236
1974 2/... .
3,973
3,992
139
139
111
111
497
497
3,226
3,245
5,696
139
148
2,554
2,855
197 6
5,705
290
205
2,701
2,509
197 7
1977-June....
July...,
Aug....,
Sept...,
Oct....,
Nov.
Dec....
3.245
5,983
4,077
4,481
3,842
3,712
3,556
3.245
231
228
122
142
214
173
173
231
139
157
155
147
134
140
142
139
706
2.169
2,521
2,191
1,990
1,875
802
767
706
3,077
1,609
2,202
1,619
2,597
2,474
2.169
1978-Jan....,
Feb....
3,624
3,102
3,618
3,415
2,998
186
180
245
268
272
129
120
109
122
146
959
1,111
1,317
2,350
1,691
1,947
3,168
2,929
298
267
112
117
1,153
922
2,133
1,689
1 ,60U
l,6c3
197 5
.
lifer....
Apr. y .
May p..,
June p..
Note:
Principally the International Bank for Reconstruction and
Development and the Inter-American Development Bank; excludes Bank
for International Settlements and European Fund.
1/ Time deposits exclude negotiable time certificates of deposit, which
are incltided in "Other liabilities."
2/ Data on the two lines shown for this date differ because of changes m
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the
y
p
second line are comparable to those shown for the following
Data on the two lines shown for this date differ because of
in reporting forms and coverage. Figures on the first line
comparable with those shown for the preceding date; figures
second line are comparable to those shown for the following
(See introductory text to Capital Movements Section for
discussion of changes in reporting.)
Preliminary.
date.
changes
are
on the
date.
August 1978
97
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country
(Position at end of period m millions of dollars;
Calendar year
Country
Europe;
German Democratic Republic
Italy..................
Netherlands.............
Poland.................
Turkey........... ......
Total Europe............
Canada...................
Latin America and Caribbean:
British West Indies.....
Chile..................
Colombia...............
Cuba...................
Netherlands Antilles If ...
Trinidad and Tobago.....
Uruguay.
Venezuela..............
Other Latin America and
Caribbean.
Total Latin America and
Caribbean...............
Asia:
China (Mainland)..........
Hong Kong.....
Indonesia.................
Japan.
Korea......................
Lebanon.
Malaysia..................
Pakistan. ..........
Philippines.............
Singapore.................
Thailand.
Oil-exporting countries 3/
Other Asia.............
Total Asia................
Africa:
Egypt.....................
Liberia...................
Morocco........... .
South Africa............
Oil-exporting countries 4/
Total Africa............
Other countries:
Australia.................
Total foreign countries....
International and regional:
International......... .
European regional.... .
Latin American regional...
Asian regional............
African regional
Middle Eastern regional...
Total international and
1978
1976
1977
Jan.
Feb.
Mar.
760
2,926
n.a.
n.a.
332
391
7,735
n.a.
4,571
284
n.a.
1,073
3,411
996
n.a.
193
n.a.
427
2,290
8,521
118
6,952
40
127
3,170
44,319
3,099
348
2,314
n.a.
n.a.
364
422
4,894
n.a.
6,311
403
n.a.
3,212
3,011
785
n.a.
240
n.a.
564
1,693
9,484
166
10,127
51
189
2,928
47,508
4,814
319
2,590
n.a.
n.a.
771
330
5,293
n.a.
7,337
603
n.a*>
6,866
2,885
949
68
273
n.a.
624
2,718
12,480
130
14,215
99
232
1,972
60,755
4,731
302
2,723
n.a.
n.a.
1,045
302
5,187
n.a.
8,912
538
n.a.
6,212
2,961
988
74
208
n.a.
710
2,718
12,194
187
12,660
68
220
1,900
60,108
5,396
303
2,818
n.a.
n.a.
1,052
315
4,706
n.a.
10,676
548
n.a.
5,957
3,057
890
68
188
n.a.
655
2,832
12,838
171
12,035
98
196
2,074
61,476
4,832
420
3,062
n.a.
n.a.
1,046
363
5,073
n.a.
11,633
571
n.a.
5,642
3,146
1,212
101
175
n.a.
723
2,817
13,700
115
12,410
72
138
2,122
64,541
4,640
887
1,112
116
1,040
449
277
305
7
122
n.a.
n.a.
1,776
n.a.
528
272
107
165
3,435
1,151
1,889
184
1,233
1,311
319
417
6
120
n.a.
n.a.
2,076
n.a.
1,115
244
131
172
3,313
1,540
2,840
205
1,438
1,877
337
1,021
6
320
n.a.
n.a.
2,872
158
1,167
257
167
245
3,120
1,469
3,607
323
1,396
4,168
362
1,221
6
330
n.a.
n.a.
2,877
197
2,332
287
203
243
2,931
1,799
3,153
277
1,113
4,227
388
1,226
6
358
n.a.
n.a.
2,991
206
2,180
265
93
230
3,018
1,981
3,760
294
977
4,142
413
1,207
7
376
n.a.
n.a.
3,090
203
2,121
267
68
280
3,249
1,864
4,209
412
1,327
4,174
417
1,290
8
441
n.a.
n.a.
2,799
212
2,132
262
241
228
3,440
1,271
1,401
1,703
1,971
1,950
2,085
11,870
15,082
19,274
23,921
23,491
50
818
530
261
1,221
389
10,932
385
126
123
1,025
625
126
369
387
10,219
390
117
48
990
895
648
340
392
14,387
438
140
n*a!
748
245
7
333
4,717
470
21,232
n!a*
700
256
26
252
7,355
470
22,441
n*a*
628
280
35
277
9,360
945
29,804
53
1,013
1,096
975
410
559
14,646
602
144
157
253
697
295
16
264
8,979
390
30,548
54
1,041
1,038
1,025
896
461
14,519
606
134
93
203
668
315
13
258
9,194
422
30,941
103
18
343
23
333
27
1974
1975
607
2,515
n.a.
n.a.
369
266
4,288
n.a.
9,574
249
n.a.
2,578
3,235
1,040
n.a.
310
n.a.
382
1,138
10,140
152
7,643
82
183
4,287
49,039
3,539
Apr. 1/
May p
June p
3,183
13,239
249
11,162
62
192
1.757
63,739
6,061
351
3,035
12
51
1,111
399
6,309
29
9,691
563
29
6,385
3,003
1,646
76
288
15
723
3,308
12,663
201
11,746
94
168
1.716
63,612
6,736
351
2,727
38
30
1,338
337
6,562
46
10,186
562
23
6,897
3,127
1,870
102
191
22
719
3,351
1.28
4,993
395
1,346
6
363
n.a.
n.a.
2,988
208
2,245
305
94
1,921
7,269
370
1,04
4,965
393
1,350
6
360
446
41
2,682
212
2,177
309
95
2,320
3,338
348
1.297
4,101
361
1.298
7
319
542
37
2,982
289
2,560
274
75
1,766
4,041
406
1,248
4,885
384
1,426
9
341
3,265
3,227
3,298
3,159
2,164
2 060
1,545
24,518
25,617
29,193
29,031
48
995
1,123
1,012
506
454
17,056
737
157
83
215
617
322
12
309
9,333
402
33,382
56
1,014
1,176
957
492
485
21,768
682
162
126
266
647
302
14
317
9,167
427
38,057
56
1,219
1 055
Q/Q
651
508
20 163
#754
165
136
346
21
89
100
193
41
1,179
540
2,508
357
22
81
79
252
50
1,265
542
2,648
327
3,415
n.a.
n.a.
1,065
429
5,541
n.a.
11,284
588
n.a.
5,965
3,023
1,466
68
162
n.a.
672
3,188
13,280
252
11,153
65
195
2.003
64,140
6,037
I f S
634
338
27
261
8,938
323
3,250
14
22
1,065
436
5,535
47
11,166
588
30
6,007
3,021
1,468
69
165
24
664
248
1,208
1,120
q/7
V4'
649
^aa
20,441
165
i7 %
It*
A1 7
25,729
1,043
1,492
970
l.151
568
20,049
817
169
106
187
1,129
1,097
771
19,095
788
188
196
rtrsrt
4J7
.51
•3"SO
07
341
35
67
51
186
45
1,226
521
2,472
458
36
69
X79
176
/e
1,396
502
2,715
68
>71J175
46
1,395
504
2 709
461
40
rjn
<7
29
194
49
1,244
557
2,651
44
987
554
2 370
1,131
141
1,273
1 092
*206
1.299
468
2,742
89
2,831
92,063
2,014
114
2,128
90,443
1,912
108
2,020
105,720
1,154
161
1,315
123,808
937
191
1,128
123,572
875
147
1,022
127,879
1,244
208
1,452
136,778
1,288
291
___ 1.579
3,552
25
265
150
1
n.a.
5,Ul3
7
197
87
1
n.a.
5,150
22
271
243
26
n.a.
2,725'
3,116
13
269
201
36
n.a.
2,558
16
275
218
44
n.a.
3,094
21
265
197
45
n.a.
2,779
17
307
266
48
2,590
19
119
217
54
3,992
96 056
5,70lf
96.1^7
5,710
111,Me
3,256
3,635
127,207
3,111,
3,622
130,990
140,400
3,417
143,597
3.000
142,638
reporting coverage. Figures m the first column are comparable m
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date. (See
introductory text to Capital Movements Section for discussion of
changes in reporting.'
25,249
36,514
88
143
36
1,116
558
2,301
1 / Data m two columns shown for this date differ because of changes m
1,429
8,677
458
36,515
68
170
63
2,240
469
3,374
J
466
66
2,765
320
2,321
283
192
27
304
7,868
371
35,605
27
38
130
84
2,814
365
3,552
7
125
11,695
66
229
1.690
64,709
5,938
LH
404
35
82
66
175
39
1,155
581
2,538
288
210
28
n.a.
12,422
140.179
1 277
*304
1.581
139.638
135,129
' 46
469
167
46
*
OQA
<070
7,715
334
33,715
402
47
to
28
1^,752...
2,311
28
411
159
29
3.170
2.939
138,299
136,698
2/ Through December 31, 1975, Surinam included with Netherlands Antilles,
3/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trucial States),
4/ Includes Algeria, Gabon, Libya, and Nigeria,
* Less than $500,000.
p Preliminary.
n.a. Not available.
98
Treasury Bulletin
.CAPITAL MOVEMENTS
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Total Liabilities by Type and Country, as of June 30, 1978
Preliminary
(Position m millions of dollars)
Total liabilities
Total
Country
(1)
Europe;
Austria..... .......... .
351
Belgium-Luxemboyrg....... - 2,727
Bulgaria.................
38
30
Denmark.
1,338
Finland........ .........
337
France..... ............
6,562
German Democratic Republic.
46
Germany.................
10,186
Greece,..... ...... .
562
23
Italy...................
6,897
Netherlands......
3,127
Norway...................
1,870
Portugal................
Romania........ ........ .
Spain......... ..........
Sweden..................
Turkey..................
U.S.S.R.................
Other Europe.............
Total Europe.............
........ T___ t.. r,.. T,
Latin America .and Caribbean:
Argentina...............
Bahamas....... ..........
*
31
2
120
32
14
121
800
38
29
193
131
1,451
43
1,547
346
21
2,038
786
305
87
1,832
58
349
1
1,142
206
5,080
2
8,520
216
28
144
67
574
37
643
4,827
2,327
11
*
3A
185
195
*
224
117
80
*
2
19
696
178
142
1 332
“
1,138
4 758
50
*
’
2,995
9AO
*
*
.33
1r393
37
333
63,950
759
21,203
42,747
5,775
2,196
33.201
5,833
105
3,936
1,898
198
25
1.599
144
241
1,050
4,713
243
157
10
506
15
103
91
1
101
45
12
207
24
19
89
6
14
31
4
57
A5«!
fiA
229
1.657
.64,709.
5,938
^*AOfi
^*3QS
990
A 7A1
37fi
1 494
* 7
325
447
66
2 745
*320
2 293
191
99
fiflA
1,692
136,698
90
20
26
3,036
9,294
1
11 fiO1?
fifi
229
1.690,
International and regional*
International............
2,311
European regional........ 1
28
Latin American regional.... | 411
Asian regional...........
159
African regional....... .
29
Middle Eastern regional....
*
Total international
and regional...........
2,939
1/
96
83
115
18
252
226
905
84
723
54
175
63
112,289
1*IRQ
Total Asia............... 33,715
Africa
Egypt...................
402
Ghana.............
47
Liberia................. 1
78
Morocco........ ..........
28
South Africa.............
229
Zaire............... .
44
Other Africa.............
1,541
Total Africa.............
2,370
Other countries:
Australia............. .
. 1,092
206
1,299
Total other countries...,..
Total foreign countries...... .33,759
2/
349
2,631
38
30
1,335
337
6,531
44
10,066
562
23
6,865
3,113
1,869
191
.
71Q
3 351
12,422
Brazil...................
British West Indies...... J
Chile...................
*384
Colombia................
1,426
9
Cuba..... ..............
Ecuador.................
Guatemala................
466
Jamaica.................
66
Mexico..................
2,765
Netherlands Antilles......
320
Panama....... ..........
2,321
Peru...... .............
283
Trinidad and Tobago.....
192
Uruguay...............
220
Venezuela..............
3,159
Other Latin, £®eriga and
Caribbean.............
Total Latin America and
Caribbean.............. 25^729
Asia;
China (Mainland)..... .
China (Taiwan)........ .
1 129
Hong Kong...............
1^097
India...................
Indonesia....... ........
331
Israel............... .
476
Japan.................. .
19 095
Korea...................
*788
Lebanon..................
188
Malaysia................
139
Pakistan...... ..... .
196
Phil ippines...........
607
Singapore........ .......
339
Syria...................
23
Thailand................
298
Other Asia...............
8,049
Grand total.............. .
Totals
Payable
in
Payable
Bank?'
in
own
Custody
dol
lia
liabil
lars
renities
cies 1/ bili
ties
(2)
(3)
(4)
(5)
Liabilities payable in dollars
To foreign official
Liabilities to
institutions and
all other foreigners
unaffiliated foreign banks
Liabil
Shortities.
ShortDeposits
to banks'
U.S.
Other
U.S.
Treasury
lia
eign
Treasury
obliga
Demand Time
obliga
bil
offices Demand Time
tions
ities
tions
(6)
(8)
(10)
(13)
(7)
(9)
(12)
(11)
192
220
3,138
*
*
21
2,701
5,613
“
1,776
“
160
207
7
1
2
6
5
340
“
6
■
*
1
1
*
10
*
383
1
344
34
“
525
307
*
"
164
4
819
1
5,628
"
U
118
-,,982
. 50
_ ... 234
115-
204
193
14
254
59
24
579
1
13
198
14
175
11
85
22
150
14
1,255
83
3,449
*
185
4,542
26
11
*
9
4
1
55
39
1,481
14
1
2
53
167
33
70
134
14
52
97
1
62
24
8
274
37
81
21
8
36
570
753
42
142
113
48
155
242
4
81
122
31
1,767
71
258
116
10
93
832
*
*
8
*
8
*
*
*
*
*
15
12
147
12
18
6
8
*
3
2
*
209
123
306
2
*
265
5
123
T 113
.. 28
... 233.
... 620.
— ML.
700
3,377
9,983
1,924
5,500
11
82
203
15
119
93
2,492
84
61
23
104
105
147
“
28
358
5
49
195
10
16
8
97
8
17
3
6
53
61
1
22
237
2
151
332
12
17
32
53
13
33
3
6
73
19
1
28
188
3,928
Z87_
. nco
085
7ft
19
51
o//
2
397
142
542
78
Jyt
20
200
150
13
37
12
*
70
11
30
5
260
92
512
77
2
204
89
268
32
111
519
117
4
62
7
101
24
*
1
16
959
A9Q
7fl1
fin-*
Ift^
111
154
525
318
23
165
2.736
33,462
253
11,289
22,173
3,334
460
18,763
402
47
78
28
2?6
44
1.535
2,360
*
43
20
8
1
123
282
9
15
18
61
6
10
6®
5%
1,501
859
930
2
*
*
*
1
*
97
101
43
18
*
3
359
28
70
27
103
1,082
203
1,285
10
3
14
260
182
441
822
21
844
94
59
154
12
4
16
793
10
803
30
71
102
98
36
134
132,174
1,585
SO,098
72,076
L2,771
3,240
55,906
19,814
25,255
2,311
28
401
159
29
*
323
25
60
64
14
*
1,988
3
341
95
15
221
15
10
6
13
*
96
6
8
6
*
888
10
1,106
7
370
140
:
2,929
10
485
2,443
266
116
922
1,623
135,103
1,595
60,583
74,520
13,036
3,356
56,828
21,437
*
stt.
9^0
15,239
145
69
160
901
424
98
^A
67
19
*
133
5,297
836
*
235
Deposits exclude negotiable time certificates of deposit, which are
included in "Other" liabilities.
U.S. Treasury bills and certificates held in custody for the account
9fi
202
75
16
A
*
14,837
70
"
15
31
*
100
37
2,769 2/ 3,267
4,849
40
2
*
1
120
7
65§ 2/ , 10(1
839
155
12
6
15
137
181
332
474
35
*
16
4
285
2,179
91
12^
348
204
2,.m,
6
■
*
*
3
1
2
*
*
4
30
*
39
1
293
1,209
~
~
*
~
9
18
438
*
105
252
2,709
104
3
51
375
“
1
42
“
*
*
5
12
1
39
1
*
10
10
5
*
16
21
5
244
*
544
2!
1,310
17A
li
9Q7
il
*
99
844
3.556
3
ll
*
22
“
(14)
995
LQ.t.95
378.
9 571
97Q
1 QQ7
9fifi
109
IQS
2 294
21,727
*
7
15
36
77
55
*
11
*
53
11
143
4
297
1
___ li
8
33
*
1
2
1
60
2
86
56
2
105
34
9
2
31
2
148
9
590
4
99
1
50
52
1
50
1
7
3
20
3
29
445
7*
40
12
52
*
*
16
13
87
3
96
15
9AQ
25,284
•*30
A7fi
19 020
748
187
139
189
592
336
23
297
8,033
123
“
471
•k
233
172
2
1,088
579
341
13
15
2
32
359
3,543
30
2,227
11
811
8
180
*
88
157
170
28
14
875
1
10
199
550
"
IQ
*
90
*
98
14
21
402
1
“
“
97
602
*
1
10
217
463
lia
bil
ities
Memo
randum
NegotiableCD's held
for all
for
eigners
(15)
22
3
1
4
11
3§
84
6
8
23
2
11
&
111
28
9
23
22
7
115
3
1
3
350
*
189
237
3
241
*
18
727
26
___ 3^
47
931
1,947
33
3
*
*
57
*
*
~
•k
*
“
1
•v p
*
38
11
7
*
2
53
2
*
*
1
22
6
“
1
143
46
5
~
7
1.236
285
1r417t
7
14
8
*
“
*
* ..
,1
6
30
2
14
___al
116
20
54
8
2
*
11
16
26
3
3
1
*
-y
*
*
*
8
1
1
*
, ^
25
, 36.
23
13
— .,37
*
4,146
8,272
310
*
*
*
*
*
*
*
*
-
-
1
1
-
-
25,255
4,147
8,274
310
2,460
of oil-exporting countries m
to $3,314 million.
Less than $500,000.
4.675
3
*
___ L .
1
____ 1_
9
1,
JLfl8.165
424
324
101
"Other Asia" and "Other Africa" amounted
849*
9,014
August 1978
99
------------------------------------------------------------------------- CAPITAL Mnvw.Mi?.TJTfl
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-H-1. - Total Claims by Type
(In millions of dollars)
Payable in dollars
Payable in foreign currencies
Loans
End of
calendar
year
or month
Total
claims
(1)
Total
Total
Official
insti
tutions
Banks
(6)
3,614
3,169
3,169
3,170
1,733
1,954
2,015
2,389
3,985
1,118
4,122
4,113
5,811
5,852
6,532
7,805
10,324
12,018
12,302
2,475
2,475
3,269
3,276
4,243
4,254
3,20A
3,226
1,407 2/
1,979 2/
4,307
5,637
5,467
5,756
6,176
11,687
11,401
11,396
11,556
11,558
11,894
12,112
11,629
12,302
6,339
6,317
6,417
6,352
6,200
6,025
6,005
6,045
6,176
12,346
12,151
12,546
12,428
6,342
6,446
6,765
6,910
1969 1/................ f 12,828
^12,930
1970................... 13,877
(4)
775
764
764
623
1971 1/ g / ............. f 16,837
\ 16,939
15,973
16,022
798
1972 1/................ / 20,425
\ 20,739
19,539
19,853
7,848
7,314
10,213
10,259
806
996
1,007
26,719
46,235
59,767
81,135
92,562
25,985
44,958
58,307
79,302
90,205
13,106
17,777
21,516
28,308
30,631
1,444
1,709
1,989
2,885
2,961
5,129
8,263
9,202
13,406
15,367
26,799
27,065
26,590
27,921
27,284
28,997
28,969
28,183
30,631
29,306
29,346
32,498
32,335
2,409
2,663
2,662
2,536
2,759
2,792
2,896
2,889
2,961
12,702
13,002
12,532
1977-Apr..............
May..............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec........... .
78,210
80,476
82,033
76,283
78,510
80,065
81,874
81,085
83,812
86,507
87,357
92,562
80,039
78,970
81,869
84,300
85,270
90,205
1978-Jan..............
Feb..............
Mar..............
Apr..............
94,246
93,357
98,832
98,197
91,874
91,040
96,449
95,876
Note:
3,037
3,079
3,003
3,311
2,928 £ /
2,395 2/
3,405
3,400
13,829
12,967
14,310
13,961
13,665
15,367
13,922
14,115
16,949
16,596
Total claims include claims previously classified as either
"short-term" or "long-term" on the Treasury reports filed by banks.
A monthly maturity breakdown was discontinued with new reports
filed as of April 30, 1978, and the historical series hgg been
adjusted accordingly. (See introductory text to Capital Movements
Section for discussion of changes in reporting forms and coverage.)
1/ Data on the two lines shown for this date differ because of changes
m reporting coverage. Figures on the first line are comparable in
(9)
(5)
(3)
6,323
6,087
6,084
5,749
1976...................
Other
claims
1,934
2,155
2,152
1,956
(2)
11,813
12,295
12,397
13,242
1968................... '12,278
Other
for
eigners
Collect
Accept
tions
ances
out
made for
standing
account
for
account of of for
reporting eigners
banks and
domestic
customers (10
(8)
2j
2,854
3,169
3,202
903
1,084
1,096
Total
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
(10)
(11)
466
534
534
635
Other
claims
(12)
336
352
352
352
129
181
181
549
548
283
2,853
3,092
864
917
886
886
441
441
315
369
445
445
4,160
11,237
11,147
12,358
14,212
4,413
10,307
20,178
32,878
39,187
734
1,276
1,458
1,833
2,355
428
669
656
1,103
941
306
607
802
730
1,415
12,991
13,087
13,209
30,154
32,041
33,848
1,927
1,966
1,968
13,476
13,610
13,698
13,768
13,462
14,212
31,877
33,149
35,557
37,580
39,187
32,288
13,592
13,689
13,892
13,783
42,634
41,559
43,293
42,847
1,835
2,114
1,944
2,207
2,086
2,355
2,371
2,317
2,383
2,321
958
864
834
794
1,006
818
900
841
941
940
895
948
1,034
969
1,101
1,133
1,041
1,109
1,126
1,307
1,246
1,415
1,432
1,422
1,435
1,288
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. banks on their foreign branches and those riaima
of the U.S. agencies and branches of foreign banks on their h°nd
offices and foreign branches which were previously reported as loans
are included m "Other claims"; and a number of reporting banfra are
included in the series for the first time.
100
Treasury Bulletin
.CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country
(Position at end of period In millions of dollars)
Calendax year
1977
Country
Europe:
1974
1975
1976
1977
Nov.
Dec.
1978
Jan.
Feb.
Mar.
Apr. p
44
397
n.a.
n.a.
96
147
864
n.a.
672
262
n.a.
441
381
180
n.a.
28
n.a.
318
210
343
98
2,909
224
132
420
38
369
n.a.
n.a.
109
181
1,646
n.a.
479
290
n.a.
461
346
135
n.a.
31
n.a.
436
205
244
174
5,339
407
212
592
67
673
n.a.
n.a.
150
206
1,643
n.a.
611
280
n.a.
1,034
336
139
n.a.
89
n.a.
756
222
492
280
7,138
496
236
700
75
817
n.a.
n.a.
179
174
2,138
n.a.
758
207
n.a.
1,367
379
164
356
176
n.a.
736
227
656
386
9,080
413
323
320
72
782
n.a.
n.a.
158
177
1,784
n.a.
731
222
n.a.
1,235
389
150
328
151
n.a.
728
206
621
422
7,282
406
294
276
75
817
n.a.
n.a.
179
174
2,138
n.a.
758
207
n.a.
1,367
379
164
356
176
n.a.
736
227
656
386
9,080
413
323
320
118
920
n.a.
n.a.
188
180
1,888
n.a.
799
189
n.a.
1,210
420
179
339
137
n.a.
747
242
740
364
8,262
424
316
n.a.
121
811
n.a.
n.a.
175
186
2,140
n.a.
752
211
n.a.
1,199
426
199
340
155
n.a.
743
213
865
340
8,315
384
320
314
92
838
n.a.
n.a.
172
191
2,383
n.a.
911
212
n.a.
1,193
513
186
361
155
n.a.
749
181
828
345
9,308
371
320
271
95
845
n.a.
n.a.
138
204
2,134
n.a.
939
203
n.a.
1,033
510
206
426
150
n.a.
773
239
888
362
8,717
n.a.
333
n.a.
Total Europe..............
Canada.....................
8,163
3,277
11,691
3,372
15,548
3,686
18,930
4,163
16,415
4,227
18,930
4,163
18,030
4,477
18,209
4,630
19,580
4,836
18,984
4,927
Argentina................
883
3,430
91
2,258
943
446
777
15
170
n.a.
n.a.
2,673
75
582
628
27
65
948
1,379
7,613
104
3,387
1,464
494
752
14
252
n.a.
n.a.
3,785
77
1,144
807
29
57
1,336
1,192
15,492
151
4,902
5,082
597
675
13
374
n.a.
n.a.
4,844
141
1,375
935
35
45
1,851
1,479
19,919
232
4,664
6,633
680
678
10
519
n.a.
n.a.
4,921
229
1,415
962
48
80
2,336
1,347
18,622
195
4,503
5,580
600
669
15
479
n.a.
n.a.
5,064
281
1,809
917
41
68
2,197
1,479
19,919
232
4,664
6,633
680
678
10
519
n.a.
n.a.
4,921
229
1,415
962
48
80
2,336
1,623
22,389
111
4.515
6,341
694
658
14
520
n.a.
n.a.
4,911
225
1,959
965
68
68
2,222
1,574
21,548
233
4,562
5,753
702
647
4
532
n.a.
n.a.
4,730
213
1,885
932
52
65
2,438
1,643
22,813
196
4,836
6,993
711
598
3
546
n.a.
n.a.
4,846
221
1,705
920
54
65
2,402
1,648
21,861
185
4,708
7,497
770
585
3
573
n.a.
n.a.
4,664
199
2,234
895
48
64
2,406
982
1,304
1,423
1,352
1,374
1,352
1,610
1,632
1,567
1,868
14,991
24,000
39,126
46,159
43,760
46,159
48,890
47,501
50,112
50,208
39
694
270
57
228
501
12,776
1,058
71
n.a.
n.a.
507
152
12
477
714
288
17,845
24
1,054
295
58
246
722
11,072
1,791
77
n.a.
n.a.
534
384
12
520
744
322
17,852
5
1,345
325
71
218
760
11,379
1,982
46
n.a.
n.a.
720
425
32
442
1,458
370
19,579
12
1,721
550
55
232
589
10,087
2,341
78
127
132
596
477
30
634
1,769
108
19,539
22
1,623
555
75
201
493
9,898
2,144
53
158
109
640
363
14
611
1,937
159
* 19,057
12
1,721
550
55
232
589
10,087
2,341
78
127
132
596
477
30
634
1,769
108
19,539
17
1,621
521
67
211
505
9,813
2,468
60
135
61
604
479
48
634
1,718
129
19,089
15
1,664
500
73
221
502
10,005
2,321
62
115
88
644
466
58
647
1,781
116
19,284
12
1,657
617
99
202
495
10,592
2,095
53
135
131
663
580
64
657
2,231
127
20,410
16
1,654
846
59
210
452
10,878
1,998
48
127
86
660
644
48
694
n.a.
125
20,302
125
10
n.a.
19
403
137
177
350
1,221
123
12
n.a.
9
695
182
382
572
1,975
135
18
n.a.
28
1,005
112
528
545
2,371
120
34
227
44
1,129
98
511
421
2,583
136
25
235
43
1,110
98
544
407
2,599
120
34
227
44
1,129
98
511
421
2,583
126
37
240
62
1,158
98
500
402
2,620
121
34
228
45
1,172
99
532
386
2,616
107
37
256
40
1,228
101
495
430
2,694
86
29
221
44
1,215
100
524
404
2,623
589
139
728
46,226
707
136
844
59,733
610
177
787
81,095
921
187
1,109
92,480
1,031
186
1,218
87,276
921
187
1,109
92,480
857
201
1,058
94,164
837
205
1,042
93,282
896
219
1,115
98,750
878
200
1,078
98,122
3
4
1
n.a.
27
5
1
n.a.
26
6
6
2
n.a.
64
3
12
1
*
n.a.
62
4
13
2
*
n.a.
64
3
12
1
*
n.a.
63
5
12
1
*
n.a.
66
4
5
*
n.a.
61
10
12
1
*
n.a.
66
4
5
*
n.a.
40
81,135
80
9?.562
81
87.357
80
92,562
81
94,246
75
93,357
82
98,832
75
98,197
Belgium-Luxembourg........
Bulgaria.................
France...................
German Democratic Republic..
Hungary..................
Italy....................
Netherlands...............
Poland....................
Spam.....................
Switzerland...............
Turkey............... .
Yugoslavia...............
Chile....................
Cuba.....................
Guatemala....... .........
Netherlands Antilles 1/....
Panama...................
Other Latin America and
Total Latin America and
Asia:
China (Mainland)..........
India....................
Indonesia................
Philippines..............
Oil-exporting countries J2/..
Africa:
Egypt....................
Oil-exporting countries .3/..
Other countries:
International and regional:
European regional.........
Latin American regional....
iotai interna tiona 1
Gr.and t-r>fal................
7
46,235
______ 32_
59,767
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trucial States).
-
3/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
101
August 1978
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-H-6. - Banks’ Own Claims by Type and Country, Payable in Dollars, as of June 30, 1978
Preliminary
Country
Total
(1)
Austria..................
Belgium-Luxembourg........
Bulgaria.................
Czechoslovkia.............
Denmark..................
Finland..................
France...................
German Democratic Republic..
Germany..................
Greece......... ...... t...
Hungary....... ..........
Italy....................
Netherlands..............
Norway...................
Poland...................
Portugal.................
Romania..................
Spain.....................
Switzerland..............
Turkey...................
United Kingdom............
U.S. S. R ................
Yugoslavia...............
Other Europe..,.......
Total Europe.............
105
732
53
5
146
182
1,898
53
793
204
29
967
387
219
344
126
51
709
220
689
309
7,399
338
320
154
On foreign public
borrowers and unaffiliated
foreign banks
(2)
100
397
51
4
106
87
1,056
47
559
121
28
662
155
141
335
115
21
314
165
312
174
4,257
281
159
86
On banks* own
foreign
offices
On all
other
foreigners
(3)
(4)
*
269
1
296
2
156
13
1
146
116
*
38
5
65
3
1
41
96
546
3
77
71
*
159
116
78
9
11
30
361
54
74
135
529
57
161
31
-
-
*
33
1
303
*
2,613
-
16,435
9,733
3,988
2,714
2,558
1,173
331
1,054
1,557
18,703
143
4,673
7,412
745
613
2
562
86
48
4,788
213
1,903
933
33
52
2,246
917
3,354
2,303
1,233
391
372
1
251
11
28
2,521
26
931
746
29
34
746
87
15,210
*
474
6,154
2
7
*
19
7
6
45
19
590
2
1
2
7
553
138
122
1,896
25
351
235
1,211
586
77
292
68
13
2,222
166
382
185
3
15
1,493
547
45,922
14,505
22,709
8,708
50
765
341
28
55
300
3,302
1,272
23
58
20
271
262
12
445
1,064
*
Malaysia....
Pakistan....
Philippines.
Singapore...
Syria.....
Thailand....
Other Asia..
53
1,339
776
81
147
467
10,032
2,305
70
126
119
678
757
15
712
1,603
147
133
4
508
198
24
89
157
4,894
658
13
20
9
377
30
3
121
405
3,502
7,511
Canada....................
Latin America and Caribbean
Argentina................
Bermuda..............
Brazil...............
British West Indies....
Chile................
Colombia.............
Cuba.................
Ecuador..............
Guatemala.............
Jamaica..............
Mexico...............
Netherlands Antilles
Panama................
Peru.................
Trinidad and Tobago...
Uruguay.............. .
Venezuela..............
Other Latin America and
Caribbean........... .
Total Latin America and
Caribbean...........
Asia:
China (Mainland).
China (Taiwan)...
Hong Kong......
India..........
Indonesia......
Israel.........
Japan....... .
Korea..........
21
66
238
28
3
9
1,835
375
34
48
91
30
464
-
-
Total Asia.,
19,280
8,267
Africa
Egypt......
Ghana......
Liberia.....
Morocco.... .
South Africa.,
Zaire...... .
Other Africa.,
70
6
224
38
1,059
79
671
62
5
12
23
511
57
368
Total Africa.,
2,148
1,038
33
1,076
829
161
281
36
187
51
361
74
3
■
5r
*
5
*
25
5
1
211
15
542
23
278
Other Countries:
Australia.,
All other.,
Total other countries....
991
316
239
435
Total foreign countries...
International and regional
International...........
European regional.......
Latin American regional...
Asian regional..........
African regional........
Middle Eastern regional...
87,334
35,032
30,803
21,499
28
*
5
23
_
5
*
*
*
"
_
*
33
28
_
5
87,367
35,059
30,803
21,504
Total international and regional
Grand total..............
* Less than $500,000.
_
5
_
102
Treasury Bulletin
___________________________________CAPITAL M OVEM ENTS__________________________________
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
(1)
(2)
(3)
Payable in
foreign
currencies
(4)
Long-term
liabilities
C5)
2,737
1,608
1,225
382
1,129
^
3,511
4,428
1,786
2,124
1,399
1,654
387
471
1,725
2,304
5,780
2,677
2,181
496
3,102
f
5,863
5,901
2,704
2,763
2,229
2,301
475
463
3,159
3,138
6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
7,899
9,799
4,012
5,922
3,300
5,022
713
900
10,345
6,018
5,414
605
3,886
3,877
4,327
10,184r
10,117r
9,845r
10,545r
11,095
11,516
6,598r
6,595r
6,480r
7,190r
7,873
8,311
5,886r
5,828r
5,763r
6,340r
7,070
7,426
712
767
717r
850r
803
885
3,585r
3,523r
3,364r
3,355r
3,222
3,205
f
1978 Mar. p.............
Payable in
dollars
{
V
1976....................
1977-Mar................
June...............
Sept...............
Total
Note.
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five quarter
ends for which figures are available. Data are also shown
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p
Preliminary.
r Revised.
August 1978
103
-CAPITAL MOVEMENTS.
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Liabilities by Country
_____________ (Position at end of period in millions of dollars)
Calendar Year
Country
Europe*
Austria............
Belgium-Luxembourg...
Denmark..... .
Finland............
France........
Germany............
Greece...........
Italy..............
Netherlands........
Norway.............
Portugal...........
S p a m ..............,
Sweden.............
Switzerland........
Turkey.............
United Kingdom..... .
Yugoslavia......... .
Other Western Europe.
Poland.............
U.S.S.R............
Other Eastern Europe.,
Total Europe.......
Canada.............. .
Latin America*
Argentina...
Bahamas \/..
Brazil. .7...
Chile.....
Colombia....
Cuba.......
Ecuador... .
Mexico....
Peru........................
Trinidad and Tobago.........
Uruguay.....................
Venezuela...................
Other Latin American Republics.
Bermuda.....................
British West Indies..........
Netherlands Antilles 2/......
Other Latin America..........
Total Latin America..........
Asia*
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan).......
Hong Kong........................
India...........................
Indonesia........................
Israel..........................
Japan...........................
Korea...........................
Lebanon.........................
Malaysia.........................
Pakistan.........................
Philippines......................
Singapore........................
Syria...........................
Tnailand.........................
Middle East oil-exporting countries
Other Asia.......................
Total Asia.
Africa*
Egypt....................
Ghana....................
Liberia..................
Morocco..................
South Africa..... ........
Zaire....................
Oil-exporting countries 4/..
Other Africa..............
Total Africa..
Other countries
Australia....
All other....
Total other countries.........
Total foreign countries.........
International and regional
International............... .
European regional............ .
Latin American regional...... .
Asian regional.............. .
African regional..............
Total international and regional.,
'•^ar'1 total................... .
Mar.
June
Sept.
10
169
7
2
200
174
48
131
141
29
13
40
34
190
13
875r
123
7
n.a.
9
13
2,227r
9
177
15
2
163
175
80
135
168
37
23
52
36
214
12
689r
113
6
6
15
7
2,135r
10
138
14
10
157
163
73
138r
205
33
20
68
36
236
21
721r
110
6
4
16
6
2,183r
12
119
16
11
171
226
78
107*
176
35
12
74
41
257r
97
725r
92
9
6
11
8
2,283r
21
106
14
9
239
284
85
128
230
7
11
77
28
263
108
750
90
10
4
24
8
2,495
309
400
427
448
45lr
504
922
45
277
102
14
17
*
n.a.
82
16
29
n.a.
3
98
76
n.a.
n.a.
35
138
931
44
260
72
17
13
*
102
34
25
4
219
141
n.a.
n.a.
10
100
1,040
42
256
49
16
18
*
27
121
12
24
20
4
260
101
38
121
11
2
1,121
50
216
37
24
22
*
31
120
11
21
15
3
208
95
31
119
17
1
1,020
50
222
76
13
24
*
13
103
12
13
19
4
225
89
28
124
9
2
1,027
42
300
49
17
42
*
10
114
22
15
14
3
222
93
43
164
25
2
1,178
17
92
19
7
60
50
347
75
n. a.
n.a.
n. a.
25
n.a.
n. a.
10
1
96
17
7
136
31
277
68
n.a.
n.a.
n.a.
14
n.a.
n.a.
18
1
110
40
23
98
37
193
76
n.a.
n.a.
n.a.
53
n.a.
n.a.
24
536
2
138
27
41
80
45
183
95
2
32
2
73
44
12
11
l,168r
15
l,971r
1
152
25
44
60
58
604
81
3
23
3
78
46
11
17
l,381r
7
2,594r
8
156
40
37
56
63
695
108
2
15
3
74
69
5
17
1,469
10
2,825
4
164
32
26
57
68
767
104
2
12
4
99
76
5
11
1,363
15
2,809
13
4
6
112
20
46
311
51
563
19
4
6
130
30
55
325
41
609
75
18
.... 93
7,658
89
14
104
8,164
1974
1975
3
139
9
7
140
232
40
98
125
9
13
75
48
102
10
961
16
3
n. a.
9
25
2,063
263
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,263
40
5
n. a.
48
16
3,023
14
299
9
3
149
149
19
172
114
20
4
81
29
134
25
1,007
76
8
n.a.
20
11
2,343
24
428
64
12
9
*
n. a.
46
13
15
n. a.
2
36
51
n. a.
n. a.
6
22
38
374
118
22
14
*
n. a.
60
21
14
n. a.
2
49
83
n. a.
n. a.
26
101
728
32
26
12
7
15
19
225
21
n. a.
n. a.
n. a.
16
n.a.
n. a.
5
42
34
41
14
14
25
295
37
n. a.
n. a.
n. a.
17
n. a.
n. a.
6
102
183
7
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
n. a.
19
396
35
9
7
1
n. a.
26
18
4
n. a.
7
17
39
n. a.
n. a.
10
4
L
/)
1976
1973
1972
480
1,237
1,031
1,695
1.385
2,040
25
n. a.
n. a.
3
3
n. a.
n. a.
14
43
18
37
n.a.
n.a.
10
100
6
27
n.a.
n.a.
45
54
36
112
239
391
444
56
30
57
17
74
5,743
15
14
19
96
30
14
44
3,414
71
12
4,012
276
-
3,414
4,012
1977
5,912
1/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
3/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
276
6,018
3
113
42
39
94
37
172
96
2
25
3
59
63
8
19
( 1,268
I
13 _
2,057
29
*
2
30
33
39
374
84
591
33
4
4
72
27
39
361
50
589
45
4
5
105
29
48
287
45
568
53
19
72
6,403r
78
20
98
6j310r
93
18
111
7,036r
20a
192
_
208
192
170
*
_
-
*
154
_
-
606'
59
1_9
------ 22
6,390r
f
\
-
170
154
7,190r
6,480r
6.593r
,6|,£15JL.
4/ Includes Algeria, Gabon, Libya, and Nigeria.
*
Less than $500,000.
p Preliminary,
n.a. Not available,
r Revised.
Mar. p
Dec.
*
215
_
.....
7,873
23
161
23
12
274
335
108
104
252
9
7
94
37
229
99
861
82
8
2
15
20
2,754
530
53
306
62
14
26
*
15
177
12
22
13
5
283
78
66
181
41
3
1,359
*
147
“
“
“
___ AA'L
8,311
Treasury Bulletin
104
.CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Liabilities, by Type and Country, as of March 31, 1978
Preliminary
______________________________
Country
Europe:
Austria...........................
Belgium-Luxembourg#.................
Denmark...........................
Finland...........................
France............................
Germany...........................
Greece............................
Italy.............................
Netherlands........................
Norway............................
Portugal..........................
Spain.............................
Sweden............................
Switzerland........................
Turkey............................
United Kingdom........ ............
Yugoslavia.........................
Other Western Europe...... .........
Poland............................
U.S.S.R...........................
Other Eastern Europe...............
Total Europe.......................
Canada..............................
Latin America:
Argentina..........................
Brazil............................
Chile.............................
Colombia..........................
Cuba..............................
Ecuador...........................
Mexico............................
Panama............................
Peru..............................
Trinidad and Tobago ...............
Uruguay...........................
Venezuela.......... ...... .........
Other Latin American Republics.....
Bermuda............................
British West Indies................
Netherlands Antilles...............
Other Latin America................
Total Latin America................
Asia;
China, People’
s Republic of
(China Mainland)..................
China, Republic of (Taiwan).........
Hong Kong..........................
India.............................
Indonesia.........................
Israel............................
Japan.............................
Korea.............................
Lebanon...........................
Malaysia..........................
Pakistan..........................
Philippines........................
Singapore.........................
Syria.............................
Thailand..........................
Other Asia.........................
Total Asia.........................
Africa:
Egypt.............................
Liberia...........................
Morocco...........................
South Africa.......................
Other Africa.......................
Other countries:
Australia..........................
All other..........................
Total other countries...............
Total foreign countries...............
International and regional:
(Position in millions of dollars)___________________________________
Total
short-term
liabilities
23
161
23
12
274
335
108
104
252
9
7
94
37
229
99
861
82
8
2
15
20
2,754
18
145
22
12
257
272
107
94
232
8
7
83
36
149
98
741
82
7
2
15
20
2,404
6
16
2
*
17
63
*
10
20
1
*
11
1
80
*
120
1
1
*
*
*
349
530
322
207
53
306
62
14
26
*
15
177
12
22
13
5
283
78
66
181
41
3
52
215
59
14
25
*
15
174
12
22
12
5
277
76
66
162
41
3
1
92
3
*
1
*
*
3
*
*
1
*
6
3
*
18
*
1
1,359
1,230
129
4
164
32
26
57
68
767
104
2
12
4
99
76
5
11
1,378
4
163
30
25
55
67
682
104
2
12
4
98
76
5
11
1,291
2-809
2,628
180
19
4
6
130
30
55
366
609
18
4
6
129
29
53
363
*602
1
*
*
1
1
2
2
7
78
14
92
7,278
11
1
12
885
*
147
-
89
14
.............. -10,4 ..
8,164
*
147
_
_
-
147
8,311
* Less than $500,000.
Payable in
foreign
currencies
Payable in
dollars
-
.
147
7,426
i
j
1
*
1
}
1
1
1
85
1
*
*
*
1
1
*
*
87
-
............. ...S5B. ........
August 1978
105
_______________________________ CAPITAL M f t V W M B N T S
Section IV - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1972
1973
1974
1975
2
213
38
*
55
361
20
152
207
*
*
3
5
573
*
983
*
*
n. a.
2,613
94
*
175
36
*
31
392
8
150
219
2
*
4
5
572
*
1,112
*
*
n. a.
*
10
196
27
*
58
506
1
87
214
1
*
5
31
522
*
1,631
*
1
n. a.
19
*
2,706
104
1
266
29
*
24
474
1
144
218
1
*
5
30
590
*
1,236
*
1
n. a.
9
*
3,032
100
3,309
155
1
343
1
1
*
_
n. a.
1
11
1*
n. a.
1
2
4
n. a.
n. a.
18
1
385
1
471
1
1
1
1
177
3
1
1
1
238
4
1
1
n. a.
3
4
n. a.
*
1
7
n.a.
n. a.
5
9
505
n. a.
3
7
*
n. a.
*
1
7
n. a.
n. a.
7
7
216
n. a.
3
3
*
n. a.
*
2
6
n. a.
n. a.
29
11
299
*
*
1
*
*
8
512
*
n.a.
n.a.
n. a.
6
n. a.
n. a.
*
*
*
1
*
*
3
367
*
n. a.
n. a.
n.a.
6
n. a.
n.a.
*
*
1
1
*
*
4
397
*
n. a.
n. a.
n. a.
7
n. a.
n. a.
*
*
1
1
*
#
5
397
*
n.a.
n.a.
n.a.
8
n.a.
n.a.
1
503
2
531
82
460
87
496
9
423
*
n. a.
n. a.
*
*
-
*
n.a.
n.a.
*
6
_
*
n. a.
n. a.
*
4
n. a.
n. a.
*
*
*
*
n.a.
n.a.
*
1
*
Other Africa.....................
}
5
6
Total Africa.....................
Other countries
Australia........................
1
*
All other........................
2
Total other countries.............
Total foreign countries.............
3,603
International and reeional.
International.....................
_
European regional.................
Latin American regional............
Asian regional....................
African regional..................
Total international and regional.....
T*''nci total........................
3,603
1
8
1
6
2
2
1
2
32
*
33
3,886
64
*
65
3,877
66
*
66
4,327
_
_
_
_
Europe*
Austrif.........................
Belgium-Luxembourg...............
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands......................
Norway..........................
Portugal....... .................
Spain...........................
Sweden..........................
Switzerland......................
Turkey...........................
United Kingdom...................
Yugoslavia.......................
Other Western Europe..............
Poland..........................
U.S.S.R.........................
Other Eastern Europe..............
Total Europe.....................
Canada............................
Latin America*
Argentina........................
Bahamas 1 / .......................
Brazil. 7 ........................
Chile...........................
Colombia............ ............
Cuba............................
Ecuador.........................
Mexico..........................
Panama..........................
Peru............................
Trinidad and Tobago..............
Uruguay.........................
Venezuela........................
Other Latin American Republics....
Bermuda.........................
British West Indies...............
Netherlands Antilles 2 / ..........
Other Latin America...............
Total Latin America..............
Asia*
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan).......
Hong Kong........................
India...........................
Indonesia........................
Israel..........................
Japan...........................
Korea...........................
Lebanon.........................
Malaysia.........................
Pakistan.........................
Philippines......................
Singapore........................
Syria...........................
Tnailand.........................
Middle East oil-exporting countries 1
Other Asia.......................
Total Asia.......................
Africa*
Egypt...........................
Ghana...........................
Liberia.........................
Morocco.........................
South Africa.....................
Zaire...........................
*
*
1
*
*
6
490
*
n. a.
n. a.
n. a.
5
n. a.
n.a.
*
_
_____ *
~ 3,886
'
_
_
-
3,877
1/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
4,327
6
173
31
*
32
391
1
57
272
*
*
5
35
178
3
l,389r
*
1
6
171
31
*
34
396
1
69
277
1
*
5
38
260
1
l,42Ir
*
1
n.a.
16
*
2,726r
83
*
2,657r
87
289r
(
3,585r
67
3
146
6
1
2
292r
301
294r
289
253
*
1
2
*
*
5
413
*
*
1
2
*
5
319
*
*
*
*
1
*
*
1
28
*
~
1
3
*
*
4
305
*
*
*
*
1
I
*
1
2
*
*
5
386
*
*
*
*
1
*
1
11
1
432
408
*
I
2
*
*
1
*
1
1
1
3
58
1
59
59
8
67
*
1
_
1
l
r
57
1
58
3,585r
3,523r!
5
240
25
*
31
295
1
41
293
1
*
9
31
241
2
1,247
*
*
*
78
*
2,540
3
156
7
1
1
*
30
2
*
9
*
3
9
2
44
21
*
*
(
6
217
24
*
26
255
1
45
288
1
*
5
32
241
2
1,232
*
*
*
83
*
2,458
71
*
r
2,50?r
5
176r
27
*
28
407
1
45
272
1
*
6
32
224
2
l,255r
*
*
*
83
*•
2,565r
Mar. p
1
159
7
1
1
_
*
30
2
*
1
*
3
8
2
49r
29r
*
*
23
2
*
n.a.
*
3
8
2
565
2£r
9
n.a.
n.a.
27r
60r
6
184r
27
*
29
370
1
46
262
1
*
5
35
177
4
l,277rv
*
1
*
83
*
Dec.
76
163
5
1
1
n.a.
1978
Sept.
1
167
7
1
1
*
26
2
*
*
3
9
2
53r
29r
*
80
1
163
5
1
1
_
n.a.
18
2
_
-
June
Mar.
1976
-
1977
79
_
_
_
_
3,364r
-
3,523r
3,364r
*
30
1
*
8
*
3
9
*
19
24
*
1
27
*
1
3
*
*
4
250
*
*
*
*
1
1
“
1
23
*
358
342
284
*
*
1
*
1
*
1
*
*
*
*
*
*
~
3
2
2
58
1
59
1
59
1
59
3.355r
_
_
-
*
-
*
*
1
■
*
*
1
1
60
60
sriijjllss „ 2t205 ,
_
_
_
_
-
*
_
_
-
*
3,355r
3,222
3,205
Induces Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and
the United Arab Emirates (Trucial States).
i j Includes Algeria, Gabon, Libya, and Nigeria.
*
Less than $500,000.
p
Preliminary.
n.a.
Not available.
r Revised.
2/
106
Treasury Bulletin
-CAPITAL M OVEM ENTS.
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-l. - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
Total claims
1/
1969 2/....
Payable in
dollars
Payable in foreign currencies
Deposits with banks
abroad in reporter’
s
own name
Other short-term
claims payable in
foreign currencies
Long-term
claims
(2 )
J1L
5,572
3,783
3,173
368
241
1,790
f 5,925
V 6,523
3,710
4.159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
(1)
1968 .............
Total
_________ {£)________
( 5 ) _______
JL6L.
4.160
3,579
234
348
2,950
1971 2/....
8,303
8,068
(
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
1972 2/....
f 9,094
^ 9,960
5,723
6,294
5,074
5,643
411
393
238
3,370
197 0
197 3
197 4
197 5
.
197 6
1977-Mar...,
June..,
Sept..,
Dec....
1978-Mar. p,
258
3,666
4,057
12,529
15,806
8,471
7,584
493
11,263
473
394
548
17*047
12,128
10,241
11,023
566
539
4,919
19,139*
19,886r
21,023r
19,668r
21,104
23,329
14,183r
14,941r
16,125r
14,971r
16,050
18,215
13,181r
13,925r
15,012r
13,925r
14,704
16,587
446r
431
448
414
620
670
557
585
665
632
726
958
4,955r
4,946r
4,898r
4,697r
5,054
5,114
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
4,544
for earlier quarter ends when the reporting coverage changed.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
p
Preliminary.
r Revised.
107
August 1978
.CAPITAL MOVEMENTS
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-2. - Short-Term Claims by Country
_____________(Position at end of period in millions of dollars)
Calendar year
1
Country
Austria............ .
19
Belgium-Luxembourg...,
73
Denmark............
29
Finland............ .
25
France...........
209
Germany............
190
Greece..............
35
Italy...............
187
Netherlands........ .
81
Norway..............
16
Portugal........... .
19
Spain............. .
153
Sweden..............
57
Switzerland........ .
82
Turkey..............
48
United Kingdom..... .
1,213
Yugoslavia......... .
12
Other Western Europe.,
12
Poland..............
n.a.
U.S.S.R........... ,
23
Other Eastern Europe.,
19
Total Europe....... .
2,502
Canada.............. .
960
Latin America*
Argentina...................
55
Bahamas
.................
662
Brazil......................
170
Chile.......................
25
Colombia....................
39
Cuba.......................
1
Ecuador.....................
n.a.
Mexico......................
181
Panama......................
85
Peru........................
36
Trinidad and Tobago..........
n.a.
Uruguay.....................
4
Venezuela...................
92
Other Latin American Republics.
95
Bermuda.....................
n.a.
British West Indies..........
n.a.
Netherlands Antilles 2/......
13
Other Latin America..........
42
Total Latin America.
1,500
Asia.
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan).....
65
Hong Kong..................... .
36
India........................ .
33
Indonesia..................... .
48
Israel.........................
31
Japan....................... ,
508
Korea........................ .
67
Lebanon........................
n.a.
Malaysia...................... .
n.a.
Pakistan...................... .
n.a.
Philippines................... .
59
Singapore.....................
n.a.
Syria........................ .
n.a.
Tnailand......................
15
Middle East oil-exporting countries 3J\
Other Asia....................... J
201
Total Asia.
1,065
Africa:
Egypt................
Ghana................
n.a.
Liberia..............
n.a.
Morocco..............
4
South Africa..........
52
Zaire................
Oil-exporting countries A
Other Africa..........
Total Africa..
Other countries.
Australia....
83
All other....
23
Total other countries........ .
107
Total foreign countries........ .
6,294
International and regional*
International................ .
European regional ............
Latin American regional......
Asian regional........ .......
African regional.............
Total international and regional.
Grand total...................
6,294
1975
1974
1972
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
1,545
36
15
n.a.
77
27
3,368
1,235
47
626
232
34
40
1
n.a.
238
61
47
n.a.
5
134
140
n.a.
n.a.
13
222
1,840
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
1,847
22
21
n.a.
91
50
4,450
1,613
67
594
468
106
54
1
n.a.
308
131
44
n.a.
5
193
199
n.a.
n.a.
20
147
2,335
17
138
11
121
48
37
56
38
943
104
n.a.
19
n
62
37
92
44
1,230
201
n.a.
n.a.
n.a.
97
n.a.
n.a.
24
384
1,689
2,326
9
n.a.
n.a.
3
15
n.a.
n.a.
7
62
101
18
124
16
133
39
81
291
355
33
1976
2,460r
23
170
48
40
436
367
90
473
172
42
35
325
93
154
32
2,413r
3C
18
69
105
35
5.170r
2,426
303
44
l,442r
682
34
59
1
n.a.
332
76r
42
n.a.
5
190
276
n.a.
n.a.
9
468r
l,920r
535
35
75
1
34
317
105
32
13
6
210
191
177
726
14
11
2,366
3,662r
4,448r
7
130
107
35
206
51
969
n.a.
n.a.
n.a.
96
n.a.
n.a.
3
197
96
55
179
41
912
117
n.a.
n.a.
n.a,
8&
n.a.
n.a.
22
22
549
568
2,276
380
167
41
44
407
62
242
27
1,903
36
14
n.a.
150
___ 70
4,490
2,099
58
667
409
36
49
1
n.a.
362
91
41
n.a.
4
175
159
n.a.
n.a.
12
60
162
110
39
140
54
1,132
262
22
n.a.
n.a.
10
94
24
24
225
256
21
20
n.a.
156
85
8,471
8,471
116
49
165
11,262
102
39
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
105
36r
I4,183r
4/
p
(
I
141r
j/
i
f
14,182r
11,263
2,316
70
3
51
12
80
19
8
2
n 3
A29
114
36
150
14,93Sr
377
86
440
182
42
30
322
92
179
37
2,963r
28
15
74
76
28
5.751r i .
2,574r
4.991r
2,509r
5.660
2,600
51
2,271r
457
28
72
1
43
53
l,906r
414
40 «
85 |
* !1
48
302r
222r
30
12
30r
53
2,007
517
45
84
*
56
314
91
32
17
5
277
208
117
603
12
37
i|
4,56?r 1
4,476
1
M
139
73
42
185
46
l,026r
153
23
28
20
111
36
6
24
447r
32
2,403r
9
157
98
38
375
38
l,068r
174
19
37
33
99
35
8
23
121
28
12
5
240
182
175
911
8
60
4,965r
7
|1
|!
!
27
;1
<
426
it
i - «..]; _
1
j
|
1f
!;
:
,
!i
!i
131
93
51
184
70
927
158
18
24
23
90
43
10
22
4?4
40
2,315
5
41
11
69
17
91
111
370
110
40
149
16,124r
![
|
!1
!1
;|
j
!I
|
1
i1
!
!I
Ij
i
i
51
:
;
5
256
197
123
835
8
1
i
1
11
'1
1
I:
1
j1
j
1r
1
1 ........ .
i
22
3
49
10
>
■
75 1
,
19
,
94
!
75
,
346
i
.. . “
113 |
!
41 !
' 153
21
187
47
13
545
410
42
384
184
42
27
407
115
238
48
2,526
24
33
95
i
44
:
25
ij . 5 . 4 5 7
1 3,347
11
i
53
1 3,088
!
496
40
83
*
1
50
I
312
1
178
30
16
7
317
204
259
665
24
64
j 5,885
I
!
22
145
1
84
I
85
189
50
2,774
!
47
! 1,372
1
135
!
18
32
23
94
70
9
31
565
45
' 2,966
38
6
43
21
75
15
108
87
393
33
5
62
20
71
11
115
90
408
514
111
1
146
116
34
150
14,9^
16,049
18,214
1
*
*
_
1
1
*
*
1
1
2
1
*
*
1
*
r
1
1
*
:
2
1
1
I4,941r
Mar. p
24
211
56
13
513
453
41
387
166
42
69
387
117
220
39
2,687
20
25
103
55
31
301
15
19
18
86
43
7
Dec.
24
226r
44
59
430
393
52
352
161
38
34
307
91
146
32
2,409r
20
15
70
62
26
413
130
1978
Sept.
26
212r
40
90
46
28 '
n.a.
87
21
June
lifer.
162
56
77
438
378
51
384
166
51
40
369
90
241
25
2,415r
26
393
97
25
J.977
35
...
I6,125r
14,971r
16,050
18,215
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arao Emirates (Trucial States).
Includes Algeria, Gabon, Iibya, and Ntjpria.
Preliminary. *
Less than $5u0 iHX
r Revised.
n.a. Not a/dilaole.
108
Treasury Bulletin
.CAPITAL MOVEMENTS
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-3. - Short-Term Claims, by Type and Country, as of March 31, 1978
Preliminary
(Position in millions of dollars)
Country
short-term
claims
Europe:
Austria...........................
Belgium-Luxembourg.................
Denmark...... .
. ............
Finland............................
France............................
Ecuador...........................
Mexico............................
Panama..... ......................
Trinidad and Tobago ...............
Uruguay...........................
Venezuela..........................
Other Latin American Republics......
Bermuda...........................
British West Indies................
Netherlands Antilles...............
Other Latin America............... .
Total Latin America................
Asia:
China, People's Republic of
(China Mainland)..................
China, Republic of (Taiwan).........
Hong Kong..........................
India......... ....................
Indonesia..........................
Israel............................
Japan.............................
Korea............... ..............
Lebanon...........................
Malaysia..........................
Pakistan..........................
Philippines........................
Singapore..........................
Syria.............................
Thailand..........................
Other Asia.........................
Total Asia.........................
Africa.
Egypt.............................
Other countries*
All other..........................
Total other countries...............
Total foreign countries...............
International and regional:
Total International and regional.....
* Less than $500,000.
Payable in foreign currencies
Deposits with
Other short-term
banks abroad
claims payable in
in reporter's own name
foreign currencies
14
113
43
13
507
338
41
377
147
32
27
376
110
158
47
2,383
24
30
94
43
25
4,941
*
52
1
*
3
43
1
3
26
*
*
28
4
67
1
96
*
2
*
*
*
327
189
2.928
55
364
53
3,088
496
40
83
*
50
312
178
30
16
7
317
204
259
665
24
64
5,885
53
2,990
473
40
80
*
50
301
177
28
14
7
309
191
257
663
24
63
5,721
98
20
*
1
*
*
*
*
1
1
*
1
7
1
1
*
*
133
*
*
3
*
2
*
10
*
1
1
22
145
84
85
189
47
1,372
135
18
32
23
94
70
9
31
610
22
142
80
81
188
46
955
133
17
31
23
93
67
9
30
564
1
*
3
*
*
119
*
*
*
*
1
2
*
*
9
*
2
4
1
1
1
299
2
1
*
*
1
1
*
1
37
2,966
2,480
135
350
33
5
62
20
71
11
205
408
31
3
62
19
64
6
192
378
1
2
*
*
2
3
9
18
1
*
*
1
5
2
3
12
116
34
150
18,214
105
33
138
16,586
1
1
2
670
10
*
11
95$
1
1
*
_
*
1
1
1
*
_
*
1
_
_
_
_
_
_
18.215
16,587
21
187
47
13
545
410
42
384
184
42
27
407
115
238
48
2,526
24
33
95
44
25
5.457
Greece.......................... .
Italy.............................
Netherlands........................
Norway............................
Portugal..........................
Spain..............................
Sweden............................
Switzerland........................
Turkey............................
United Kingdom.....................
Yugoslavia.........................
Other Western Europe................
Poland............................
Other Eastern Europe................
Total Europe.......................
Canada..............................
Latin America:
Argentina..........................
Bahamas...........................
Brazil........ ....................
Chile.............................
Colombia..........................
Payable in
dollars
..........
_
_
670
7
22
3
*
34
29
1
4
11
10
*
4
1
12
*
47
*•
1
1
1
*
*
7
5
*
*
*
32
958
T
August 1978
109
.CAPITAL M O V E M E N T S ,
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns bv Type
(In millions of dollars)
End of
calendar year
or month
Payable in dollars
Total
short-term
liquid
claims
(2)
1,306
1,068
1,222
847
(1)
Payable in foreign currencies
Deposits
(3)
Short-term
investments jl/
Deposits
174
183
173
234
234
307
340
Short-term
investments 1/
(9)
60
76
86
121
120
68
42
68
544
697
757
683r
937r
431
429
511
397r
553r
113
268
246
286
384r
334
376
358
343
337
351i
440r
384t
462r
458r
530r
499
526
Total
(5)
87
116
161
150
Demand
(7)
49
(6)
332
250
269
294
354
302
350
408
Time
(8)
222
1972 a/...
1,295
1,205
1,615
1,966
(4)
2 8 1 , 1 9 2
951
1,062
697
1,092
1,078
1,446
1,910
197
197
197
197
197
2,641
2,660
3,042
4,824r
5,999r
2,604
2,591
2,710
4,451r
5,597r
203
127
169
55
37
69
332
373
402
6,223r
6,414*
6,26lr
6,505r
5,766r
6,493r
6,182r
5,597r
52
490
443
524
443r
505r
446r
402
695
765
754
737
695
725r
936r
937r
361
389
396
394
358
374
496r
553r
6,226r
6,836r
7,213r
7,310
7,814
454
485
578r
644
606
1,014
990
l,137r
1,096
1,018
553r
533r
608r
597
492
1968.....
1969 2/..,
197 0
1971 2/...
3
4
5
6
7
.
1977-May.,
June,
July,
Aug.,
Sept,
Oct.,
Nov.,
Dec.,
7,442r
7,668r
6,904r
7,722r
7,564r
6,936r
6,747r
6,904r
6,705r
7,029r
6,209r
6,998r
6,627r
5,999r
1978-Jan.,
Feb.,
Mar.,
Apr.,
May.,
7,694r
8,312r
8,929r
9,049
9,439
6,679r
7,321r
7,792r
7,953
8,420
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM- V-l through CM- V-3.
1/ Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner.
2/
r
Data on the two lines shown for this date differ because of changes
m reporting coverage or classification. Figures on the first line
are comparable to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date,
Revised.
Table CM- V-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Belgium-Luxembourg.............
France........................
Germany.......................
Netherlands....................
United Kingdom.................
Canada........................
Bahamas.......................
British West Indies 1 / .........
All other countries 2/.........
Total.........................
1975
1973
1974
51
18
10
16
6
6
1,128
23
3
10
4
12
15
1,350
967
63
12
29
3
14
68
1,306
1,156
391
n.a.
398
1BA
3,357
546
n.a.
345
256
3,799
775
597
n.a.
299
279
3,185
1978
1976
67
33
25
3
16
72
l,817r
l,541r
l,322r
n.a.
113
497r
5,506r
Note:
Data represent the liquid assets abroad of large nonbanking concerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown m Tables CM- V-l through CM- V-3.
1977
123r
37
109
5
26
59
2,006r
l,696r
l,883r
n.a.
153r
839r
6,936r
Jan.
Feb.
Mar.
Apr.
May
118
39r
104
2
31
96
l,757r
2,152r
116r
37r
57
8r
51
83
l,908r
2,284r
79r
35r
55
7
44
73
l,8l0r
2,463r
56
49
51
2
21
113
1,746
2,702
55
28
70
12
19
79
1,595
2,771
2,404r
n.a.
205r
786r
2,656r
n.a.
267r
844r
8,312r
2,952r
n.a.
405r
l,006r
2,988
541
290
491'
9,049
3,569
680
258
7,694r
8,929r
304
9,439
1/ Through March 1978, British West Indies included in "All other
countries."
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns m any country not listed above.
n.a. Not available,
r Revised.
110
Treasury Bulletin
_______________________________ CAPITAL M OVEM ENTS_________________________________
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of May 31, 1978
(Position in millions of dollars)
Country
Total
short-term
liquid
claims
(1)
Belgium-Luxembourg....
France................
55
28
Germany...............
Italy.................
70
Netherlands...........
Switzerland...........
United Kingdom........
19
79
Canada................
Bahamas...............
British West Indies.
Japan.................
Total
(2)
Deposits
(3)
26
27
49
9
2
8
26
17
49
9
2
8
1,595
1,542
1,521
2,771
2,295
3,462
678
85
1,739
3,462
678
85
12
3,569
680
258
Payable in foreign currencies
Payable in dollars
Ail other countries 2/.,
304
236
217
Total..................
9,4-39
8,420
7,814
Note:
Data represent the liquid assets abroad of large nonbanking concerns
in the United States. They are a portion of the total claims on foreigners
reported by nonbanking concerns in the United States that are included
in the series published m Tables Cll-V-1 through CM-V-3.
1 / Negotiable and other readily transferable foreign obligations payable
Short-term
investments 1/
(4)
21
556
19
Deposits
(5)
(6)
30
1
20
30
1
20
3
16
71
3
16
71
53
476
106
2
173
53
60
87
2
83
67
67
1,018
Short-term
investments 1/
(7)
416
19
90
526
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner.
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
* Less than $500,000.
August 1978
111
______________________________ CAPITAL MOVEMENTS______________________
______
Section V - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM- V-7. - Long-Term Claims by Country
(Position at end of period m millions of dollars)
Europe*
Austria.........................
Belgium-Luxembourg...............
Denmark.........................
Finland.........................
France...........
...........
Germany.........................
Greece..........................
Italy...........................
Netherlands......................
Norway.........................
Portugal.........................
Spain...........................
Sweden..........................
Switzerland......................
Turkey..........................
United Kingdom...................
Yugoslavia.......................
Other Western Europe..............
Poland..........................
U.S.S.R.........................
Other Eastern Europe..............
Total Europe.....................
Canada............................
Latin America
Argentina........................
Bahamas % / .................. .
Brazil..........................
Chile...........................
Colombia......................
Cuba............................
Ecuador........................
Mexico..........................
Panama..........................
Peru............................
Trinidad and Tobago..............
Uruguay.................... .....
Venezuela.......................
Other Latin American Republics....
Bermuda.........................
British West Indies..............
Netherlands Antilles 2/ ..........
Other Latin America..............
Total Latin America..............
Asia.
China, People's Republic of
(China Mainland)................
China, Republic of (Taiwan).......
Hong Kong........................
India...........................
Indonesia........................
Israel..........................
Japan...........................
Korea...........................
Lebanon.........................
Malaysia.........................
Pakistan.........................
Philippines......................
Singapore........................
Syria...........................
Trail and........................
Middle East oil-exporting countries 1
Other Asia.......................
Total Asia.......................
Africa:
Egypt...........................
Ghana...........................
Liberia.........................
Morocco.........................
South Africa.....................
Zaire...........................
Oil-exporting countries {J ......
Other Africa.....................
Total Africa.....................
Other countries
Australia........................
All other........................
Total other countries.............
Total foreign countries.............
International and regional*
International.....................
European regional.................
Latin American regional............
Asian regional....................
African regional..................
Total international and regional.....
Grand total........................
1/
2/
2/
1972
7
7
7
6
26
7
43
45
364
28
16
65
34
29
27
191
16
13
n. a.
*
5
935
1,141
J
.
A
/
Mar.
1976
1975
1973
1974
8
10
2
6
43
9
37
56
339
30
13
55
25
52
26
290
16
7
n. a.
20
9
1,051
1,164
8
15
1
7
53
23
21
40
280
12
9
46
42
44
3
364
11
4
n. a.
11
11
1,007
1,283
1,421
38
8
172
315
18
9
n. a.
216
115
26
n. a.
18
459
217
n.a.
n. a.
21
8 ,
1,640
55
36
134
201
31
9
20
187
119
38
6
19
229
258
4
*
25
1
1,521
1,489
1,457
1,371
26
1
1,406
42
3
5
66
187
96
220
12
7
9
117
10
38
3
4
62
23
5
5
57
220
&
2
6
6
159
8
23
5
5
62
218
197
20
7
9
140
9
27
5
3
70
200
$
15
7
6
138
9
4
35
3
817
2
j>2
3
833
1
30
3
809
1
31
9
797
2
26
2
789
2
96
1
24
11
1
65
199
*
55
*
25
10
1
67
158
2
49
*
27
10
6
72
165
1
52
*
25
10
12
60
161
1
51
*
26
15
10
54
156
34
18
52
4,930r
34
17
51
4,882r
31
16
48
4,681r
28
15
43
5,039
28
17
44
5,099
34
2
6
89
172
77
228
n.a.
n.a.
n.a.
89
n.a.
n.a.
5
81
511
93
613
94
681
91
669
73
775
4
n. a.
n. a.
*
2
1
4
n.a.
n. a.
*
22
2
3
n.a.
n. a.
1
17
a
*
n. a.
n. a.
1
31
12
2
n.a.
n.a.
1
26
10
78
86
87
115
98
127
125
168
147
187
29
5
34
3,662
32
17
49
4,054
29
20
49
4,538
35
19
55
33
17
51
-
-
4
_
4
-
-
5
4,544
-
4
3,666
-
4
4,057
-
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
4,948r
_
_
7
-
4,919 1
67
42
154
194
21
9
20
183
144
41
5
2
217
256
2
1
25
1
1,387
83
34
125
208
32
9
19
178
121
39
7
19
294
257
4
2
26
1
52
3
7
24
122
90
197
n. a.
n.a.
n. a.
78
n. a.
n. a.
5
6
6
70
40
144
203
25
9
19
177
141
41
6
18
230
253
2
97
34
125
210
32
9
15
180
126
38
6
19
298
267
4
2
26
1
46
7
11
33
123
112
164
n.a.
n. a.
n. a.
83
n.a.
n.a.
6
5
12
44
2
17
80
73
3
29
81
12
26
63
67
48
7
332
12
3
4
11
5
930
1,792
106
36
133
248
33
9
n.a.
195
110
40
n.a.
20
273
287
n.a.
n.a.
27
6
10
54
4
15
37
92
125
91
n. a.
n. a.
n. a.
85
n.a.
n. a.
8
-
11
39
2
17
71
70
3
28
82
13
21
46
50
49
7
310
12
3
4
12
5
857
1,776
1,486
40
1
16
32
75
133
65
n. a.
n. a.
n. a.
63
n. a.
n. a.
-
11
41
2
17
67
76
4
29
81
13
21
47
50
42
8
282r
8
3
5
13
6
826r
1,462
Mar. p
1,475
44
19
187
435
13
9
n.a.
153
112
19
n. a.
18
154
217
n.a.
n. a.
3
7
1,391
4,913 '
——_
11
39
1
17
63
76
5
30
147
14
21
47
50
43
6
283r
7
2
7
19
6
898r
Dec.
1,530
48
131
145
254
12
9
n.a.
79
49
18
n. a.
18
38
239
n.a.
n. a.
1
20
1,061
—
Sept.
June
11
38
1
18
65
84
7
34
154
16
12
44
52
53
10
259r
8
2
8
18
7
899r
11
37
1
17
59
72
9
34
156
17
13
33
50
57
1
271r
10
2
n.a.
20
15
884r
12
45
*
6
57
37
15
41
217
6
6
47
42
59
2
329
8
3
n. a.
11
17
960
60
25
187
238
32
9
n.a.
64
35
16
n. a.
4
30
241
n. a.
n. a.
*
13
955
-
1978
1977
Calendar year
Country
.7
4,955r
V.
f
L
_
_
16
-
16
4,946r
i li
_
_
16
-
_
16
-
.....16.
4,898r
16
4,697r
{J
Includes Algeria, Gabon, Libya,and Nigeria.
p
Preliminary.
*
Less than $500,000.
n.a. Not available.
_
_
15
..... 15 „
5,054
2
6
6
135
5
_
15
”
15
5,114
112
Treasury Bulletin
PAPTTAT. M f l V B M B W T S
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
U.S. Gov't, corporalbions and
Federally-sponsored agencies
Gross
Gross
foreign foreign
Net
Foreign countries Inter purchases sales Net
Gross
Gross
foreign foreign foreign foreign
nationa]
Official Other
purchases
purchases purchases sales
and
insti
foreign- re^iona]
tutions ers 0 )
(6)
(10)
(5)
(8)
(2)
(7)
(9)
Marketable Treasury bonds and notes
Jet foreign uurchas 3 8
Calendar year
or month
Total
(1)
1968............
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
1977............
1978-Jan.-June p.
1977-June.......
July.......
Oct........
Nov........
Dec........
1978-Jan........
Feb........
Apr........
May p......
June p .....
1/
-489
-45
56
1,672
3,316
305
-472
1,995
8,096
22,823
1,793
2,451
1,238
4,151
3,483
3,257
3,337
959
1,481
278
851
-1,569
-479
l,23i
-380
-115
-41
1,661
3,281
465
-642
1,612
5,117
20,328
443
' 1,962
1,048
3,696
2,493
3,052
2,885
598
1,714
-277
975
-1,690
-749
470
51
59
123
-119
-22
5
69
203
277
782
403
168
59
100
71
65
76
-9
60
107
22
27
99
89
-161
11
-25
130
57
-165
101
180
2,702
1,713
948
321
130
354
919
141
375
370
-293
447
-145
94
172
672
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
456
414
301
342
932
443
528
574
691
634
742
2,414
4,358 1,043
2,738 2,433
3,382
3,854
8,898 6,903
25,610 17,514
39,797 16,974
15,932 14,138
3,557 1,105
1,592
355
5,456 1,306
4,626 1,143
4,846 1,589
5,002 1,665
2,351 1,392
3,380 1,899
2,360 2,082
2,576 1,725
1,808 3,377
2,891 3,370
2,916 1,686
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
4,297
1,933
653
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,585
1,477
434
398
264
690
614
175
325
344
420
162
266
416
134
56
264
164
111
131
259
249
450
160
171
188
-1
526
504
44
66
95
-30
2
95
229
Data include transactions in issues of states and municipalities.
Through December 1976, data also included transactions in issues
of U.S. Government corporations and Federally-sponsored agencies.
p
n.a.
239
1,964
1,202
956
703
1,881
1,961
1,039
766
1,207
1^623
575
169
165
120
118
123
13
43
17
81
9
-34
353
149
Corporate and other securities
Stocks
Bonds 1/
Gross
Gross
Gross
Gross
Net
foreign foreign foreign foreign foreign
purchases purchases sales
purchases sales
(11)
(12)
4,446
3,054
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,442
1,420
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
1^818
845
155
150
195
115
117
116
136
118
99
171
183
162
113
324
315
315
233
241
129
179
134
180
180
150
515
262
(15)
(13)
(14)
2,270
1,487
626
731
2,188
2,790
540
4,678
2,753
2,675
1,919
252
13,118
12,429
8,927
11,626
14,361
12,767
7,636
15,355
18,227
14,154
9,546
1,202
10,848
10,942
8,301
10,894
12,173
9,978
7,096
10,678
15,475
11,479
7,627
210
123
165
222
382
290
1,373
1,023
1,012
973
1,281
1,235
115
63
492
713
427
108
1,024
825
1,413
1,864
2,391
2,029
1,163
900
847
752
899
945
909
762
921
1,151
1,963
1,921
950
Preliminary
Not available,
Table CM-VI-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United states)
Calendar year
or month
I969.........................
1970.........................
1971.........................
"972..........................
973.........................
1974.........................
1975.........................
1976.........................
I977..........................
1978—Jan.—June p...............
1977-june.....................
July.....................
Aug......................
Sept....... .............
Oct......................
Dec......................
1978-Jan......................
Feb......................
Mar.................... .
Apr. .....................
May.p.....................
June p ....... ...... .
p
Preliminary.
Net foreign
purchases
of foreign
securities
(1)
Foreign bonds
Net foreign
purchases
(2)
-1,695
-1,547
-915
-984
-622
-818
-2,034
-6,514
-9,063
-5,444
-2,003
-1,380
-1,029
-951
-935
-1,031
-993
-2,218
-6,326
-8,740
-5,034
-2,404
-837
-465
-1,081
-619
-175
-285
-271
-466
-64
-405
-352
-51
-666
-776
-200
-1,018
-649
-281
-320
-330
-569
-176
-519
-495
-39
-607
Gross foreign
purchases
(3)
2,306
1,552
1,490
1,687
1,901
1,474
1,036
2,383
4,932
8,052
5,198
594
729
799
693
786
593
885
691
522
797
1,169
1,017
1,002
Foreign stoeks
Gross foreign
sales
(4)
3,686
2,581
2,441
2,621
2,932
2,467
3,254
8,708
13,672
13,086
7,602
1,309
929
1,817
1,342
1,066
913
1,215
1,260
698
1,315
1,664
1,056
1,609
Net foreign
purchases
(5)
-314
-517
35
-49
409
176
184
-188
-323
-410
401
-61
-265
-63
30
106
34
59
103
113
114
143
-13
-59
Gross foreign
purchases
(6)
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,542
1,937
2,255
1,791
167
157
169
168
247
214
291
255
280
337
404
271
244
Gross foreign
sales
(7)
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,259
2,665
1,390
228
422
232
138
141
180
232
152
167
223
261
284
303
August 1978
113
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Austria.................
Belgium-Luxembourg.......
Bulgaria................
Czechoslovakia.....
Denmark................ .
Finland.................
France..................
German Democratic Republic.
Germany.................
Greece..................
Hungary..............
Italy...................
Netherlands..............
Norway...............
Poland .................
Portugal................
Romania*................
Spain........ .
Sweden..................
Switzerland..............
Turkey..................
United Kingdom...........
U.S.S.R.................
Yugoslavia........ ......
Other Europe.... ........
Total Europe.,
Canada....... ..........
Latin.America,and Caribbean
Argentina..............
Bahamas...............
• Bermuda...............
Brazil................
British West Indies....
Chile.................
Colombia..............
Cuba.***,..............
Ecuador...............
Guatemala..............
Jamaica................
Mexico................
Netherlands Antilles 1/..
Panama.............
Peru..................
Trinidad and Tobago....
Uruguay...............
Venezuela..............
Other Latin America and
Caribbean....... .....
Total Latin America and
Caribbean..............
Asia*
China (Mainland).........
China (Taiwan)...........
Hong Kong...............
India......... ..........
Indonesia............ .
Israel..................
Japan................ .
Korea...................
Lebanon......... ........
Malaysia.... ..........
Pakistan................
Philippines..............
Singapoife...............
Syria...................
Thailand................
0i3-exporting countries 2/ .
Other Asia............ 7..
Total Asia.,
Africa:
Egypt...................
Chana...................
Liberia.... .
Morocco........ ..........
South Africa...............
Zaire....................
Oil-exporting countries 3/.
Other Africa.......... .
Total Africa..,
Qtfeer countries;
Australia.....
All other.....
Total other countries......
Total foreign countries....
International and regional:
International............
European regional........
Latin American regional....
Asian regional...........
African regional.........
Middle Eastern regional....
Total international
and regional...........
Grand total ..............
1975
1976
,
1977
1978
1978
through
June p
*
*
_
*
3
n.a.
n.a.
★
17
-3
n.a.
206
*
n.a.
*
10
39
n.a.
*
n.a.
*
25
26
.
-129
7
*
1
n.a.
n.a.
*
18
53
n.a.
549
*
n.a.
-5
272
1
n.a.
*
n.a.
*
-85
206
*
122
114
10
5
n.a*
n.a.
_
-5
23
n.a.
2,404
10
n.a.
-2
623
U
—
*
n.a.
*
-91
215
8,403
-22
200
1,245
11,586
-1,054
-317
-139
32
-25
*
*
*
*
*
*
*
n.a.
n.a.
20
78
1
*
*
*
*
1
3
*
1
*
*
n.a.
n.a.
■1
-43
-5
*
145
-1
-1
-15
*
*
-5
21
*
*
2
-34
*
_
_
*
*
-8
5
-25
1
1
i .. .. "8 ..
|
240
..... 1| ---------1!
*
1
8
10
]1
35
*
10
*
-1
4,173
-583
-10
377
!1
n.a.
192
n.a.
20
-21
98
594
58
77
4,451
3,887
*
101
112
*
60
*
•111
n.a.
n.a.
31
*
1,797
1,660
... . 3^954,
j
n.a.
*
*
|
n.a.
I
;
*
1
1
221
i
** I
LZQ_ ' — ..221
* !
*
*
*
*
170
*
*
1,814
*
5,393
225
-44
n.a.
2,584
119
n.a.
180
*
153
n.a.
n.a.
*
52
10
*
50
May p
I
-11
73
_
1,193
*
_
ll
202
24
_
_
_
*
85
•*272
-2,291
-
n.a.
n.a.
n.a.
n.a*
-6
35
n.a.
205
*
n.a.
*
19
13
n.a.
121
*
n.a.
2
24
25
-86
10
June p
n.a.
n.a.
-1
-3
n.a.
322
-4
-29
22
35
211
330
13
-9
24
43
20
43
-179
10
-60
-1,681
-882
-1,599
-844
n.a.
-4
75
30
-1
-326
-68
1,128
99
_3_
n.a.
n.a.
-15
n.a.
n.a.
n.a.
n.a.
40
-41
-11
4
-8
-3
-59
-8
-4
5
_
*
2,756
12
*
-21
-1
*
-87/d
-5 .
9,422
1,860
*
-181
*
*
*
130
_
652
603
12
-184
__ =i_
-185
468
130
-1
12
j
*
-7
11
21,110
.- -Z—
845
1,741
-28
987
-39
“
n.a.
1.713
948
8,096
22,823
1,995
1,793
l / Through December 31, 1975, Surinam included with Netherlands Antilles.
2 j Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
..rJL.
559
-1,664
-288
422
-140
99
192
-5
25
-5
-5
-20
442
-1,569
p
*
ncluaew. Algeria, Gabon, Libya, and Nigeria,
Preliminary.
Less than $500,000.
n.a. Not available.
701
-29
114
Treasury Bulletin
CAPITAL MOVEMENTS
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
Calendar year
1975
Austria.............. .
Belgium-Luxembourg.... .
Bulgaria 2/........... .
Czechoslovakia 1/...... .
Denmark.............. .
Finland.............. .
France...............
German Democratic Republic U
Germany...............
Greece............... .
Hungary 2/............ .
Italy.................
Netherlands...........
Norway................
Poland 1/.............
Portugal..............
Romania 2/.............
Spain.................
Sweden................
Switzerland............
Turkey................
United Kingdom.........
U.S.S.R...............
Yugoslavia............
Other Europe...........
Total Europe.......... .
13
n.a.
n.a.
n.a.
215
16
48
n.a.
*
n.a.
1
275
55
*
363
1976
395
10
19
n.a.
n.a.
1
31
68
n.a.
3,168
10
n.a.
49
n.a.
911
60
n.a.
n.a.
1
191
261
*
485
2,330
256~
Latin America and Caribbean:
Argentina..............
Bermuda 2/.............
Brazil...............
British West Indies 2/..,
Chile................ .
Colombia..............
Cuba............ .....
Ecuador 2/.......... .
Guatemala 1/.......
Jamaica 1/......... .
Mexico...............
Netherlands Antilles Z/..
Panama....... ........
Peru................. .
Trinidad and Tobago 2/..
Uruguay...............
Venezuela..............
Other Latin America and
Caribbean...........
Total Latin America and
Caribbean........... .
China (Mainland).
China (Taiwan)...
Hong Kong......
India..........
Indonesia......
Israel...... .
Japan..........
Lebanon 2/»..
Malaysia 2/...
Pakistan 2/..
Philippines..
Singapore 1/.
Syria 2/....
Thailand....
Other Asia...
Total Asia...
Africa:
Egypt......
Ghana 1/....
Liberia 2/...
M dtocco .....,
South Africa.,
Zaire...... .
Other Africa.,
Total Africa.,
P.tber. cQyjxferies:
Australia.....
All other.....
Total other countries.,
Total foreign countries....
Xnjjg^a.ti.onal and, regional:
International..........
European regional......
Latin American regional..
Asian regional.........
African regional.......
Middle Eastern regional..
Total international and
regional.............
Grand total..............
Note Data represent estimated
U.S. Treasury securities with
Data are based on a benchmark
monthly transactions reports.
totals or to Grand total.
1977
14
n.a.
n.a.
1
36
45
n.a.
764
*
n.a.
202
1,085
1978
n.a.
2
100
477
*
8,888
180
13,916
288
Jan.
Feb.
Apr.
Mar.
May p
June p
10
19
n.a.
n.a.
1
20
84
n.a.
3,820
10
n.a.
*
1,079
60
n.a.
*
n.a.
2
175
443
*
7,737
-
10
19
n.a.
n.a.
1
20
106
n.a.
4,031
10
n.a.
3
1,070
84
n.a.
*
n.a.
2
175
9,513
-
10
19
n.a.
n.a.
1
25
113
n.a.
3,815
10
n.a.
*
1,029
60
n.a.
*
n.a.
2
155
400
*
9,418
-
164
15,044
285
170
14,895
250
158
15,206
251
156
13,607
253
112
12,763
112
12,862
261
26A
*
4
n.a.
*
n.a.
*
4
n.a.
*
*
n.a.
*
n.a.
2
129
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
173
*
*
n.a.
*
n.a.
2
119
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
240
4
n.a.
*
n.a.
*
146
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
199
*
*
n.a.
*
n.a.
2
146
*
n.a.
n.a.
n.a.
20
162
12
*
n.a.
*
188
10
19
n.a.
n.a.
1
25
103
n.a.
3,373
10
n.a.
*
930
60
n.a.
*
n.a.
2
125
391
*
9,839
-
10
19
n.a.
n.a.
1
26
116
n.a.
3,494
10
n.a.
*
954
60
n.a.
*
n.a.
2
125
401
z6i
6,856
10
19
n.a.
n.a.
1
20
141
n.a.
4,361
10
n.a.
1,113
84
n.a.
*
n.a.
2
185
204
*
6,597
_
161
1
*
n.a.
n.a.
4
149
*
4
n.a.
*
n.a.
*
153
n.a.
n.a.
n.a.
21
170
7
*
n.a.
*
198
10
23
*
*
*
8
5
5
6
200
312
552
544
587
552
534
502
493
*
8
102
10
*
7,463
381
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,283
*
8
104
10
*
7,617
381
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,094
19.378
*
8
99
10
*
8,313
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
11,166
*
8
101
10
*
8,332
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
11,094
*
*
103
15
20.120
20.070
*
*
103
15
*
8,964
381
n.a.
n.a.
n.a.
8
n.a.
n.a.
136
10.531
20,137
n.a.
*
n.a.
n.a.
n.a.
n.a.
20
n.a.
*
n.a.
n.a.
n.a.
n.a.
21
118
*
153
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
201
n.a.
n.a.
n.a.
31
n.a.
n.a.
n.a.
n.a.
n.a.
2,005
6,486
*
8
106
10
*
6,860
369
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
11,227
5,370
9,323
18,745
19,413
*
n.a.
n.a.
—
*
*
363
362
*
n.a.
n.a.
*
*
363
362
3,271
2
2,687
10
n.a.
n.a.
78
n.a.
n.a.
n.a.
n.a.
321
543
543
*
12
11
*
2
2
35.649
7,372
12,765
33,875
322
2,905
9
128
4,646
100
*
n.a.
4,358
95
*
n.a.
331
4,746
3,033
... A A?.?..,
15,798
7,702
38,621
40,102
official and private holdings of marketable
an original maturity of more than one year.
survey as of January 31, 1971, and the
Country detail may not add to the area
i
1
I|1
1
i1
1
.
1
'
1
n.a.
*
153
*
n.a.
n.a.
*
*
363
362
*
8
____ 7_
35,480
;
I
4,781
120
*
n.a.
,
1
I
*
n.a.
n.a.
*
*
342
341
n.a.
n.a.
*
*
342
341
*
6
6
*
7
7
36,476
... 34,812.
4,640
115
*
n.a.
4,740
110
^
*
_
n.a.
*
n.a.
n.a.
*
*
492
491
n.a.
n.a.
n.a.
21
162
12
*
n.a.
173
_
9,616
381
n.a.
n.a.
8
n.a.
*136
10.346
20.605
*
n.a.
n.a.
_
*
*
492
491
*
8
_ „,J.....
34,162
4,931
90
*
n.a.
_____
*
5
4 .
34.720
5,633
_
61
*
_
n.a.
4.901
. 4,S5P
5.694
-A J 5 1
.,5*022
1 40,380
39,662
41,231
39,183
40,414
1/ Country or area not listed separately m benchmark survey; holdings
included m respective "Other”geographical category.
2 / Through December 31, 1975, Surinam included with Netherlands Antjlies,
p Preliminary.
* Less than $500,000.
n.a. Not available.
August 1978
115
_ _ _ _ _ _ _ _ _ _
CAPITAL MOVEMENTS _______________________
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table C M-Vr-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
'
Calendar year
Country
Europe:
Austria.................
Belgium-Luxembourg........
Bulgaria................
Czechoslovakia...... .
Finland.................
France..................
German Democratic Republic.
Germany.................
Greece..................
Hungary.................
Italy...................
Netherlands.............
Norway......... .........
Romania................ .
Spain....................
Sweden........ ..........
Switzerland..............
Turkey..................
United Kingdom...........
Yugoslavia..............
Other Europe.............
Total Europe.............
Qsqaada....................
Latin America and CaribbeanArgentina...............
Bahamas.................
Bermuda.................
Brazil..................
British West Indies......
Chile...................
Colombia................
Cuba...... .............
Ecuador.................
Guatemala...............
Jamaica.................
Mexico..................
Netherlands Antilles 1/ ...
Panama............ .7....
Peru....................
Trinidad and Tobago......
Uruguay.................
Venezuela................
Other Latin America and
Caribbean..............
Total Latin America and
Caribbean............ .
Asia:
China (Mainland).........
China (Taiwan)............
Hong Kong...............
India...................
Indonesia...............
Israel..................
Japan...................
Korea...................
Lebanon.................
Malaysia................
Pakistan.................
Philippines..............
Singapore...............
Syria...................
Thailand................
Oil-exporting countries 2./.
Other Asia...... ...... .
Total Asia..............
Africa
Egypt...................
Ghana...................
Liberia.................
Morocco.............. .
South Africa.............
Zaire...................
Oil-exporting countries 3/,
Other Africa........ ..“.
Total Africa.............
Other countriesAustralia...............
All other...............
Total other countries,,,,,.
Total foreign countries......
,fiit.eynat.ip?ial apd ppflpptf,.
1977
1976
1415
*
n.a.
n.a.
*
*
_
*
1,553
*
1,518
*
_
n.a.
*
*
_
*
5
5
\
1
1
-1
*
-3
10
*
21
*
14
*
*
3
*
*
-3
1
-7
*
*
*
*
2
-33
*
-54
*
*
*
-1
-36
*
-2
5
75
154
-1
-4
-9
-6
*
*
133
32
-163
-93
41
159
47
128 7
96 7
141 5
13
9
6
*
1
5
*
1
*
*
*
n.a.
n.a.
1
1
1
*
*
1
*
1
3
1
*
*
*
n.a.
n.a.
-1
*
*
*
*
*
*
2
6
*
-1
*
*
*
n.a.
n.a.
*
*
-1
-2
2
*
*
*
*
-1
2
1
*
*
3
-1
-1
1
17
*
1
*
*
_
*
*
_
*
3
3
2
*
1
12
*
2
*
*
-1
*
*
*
*
“
-2
*
1
•*
*
10
*
-2
1
*
1
*
*
*
*
1
-2
2
*
*
1
3
*
2
*
1
1
*
*
*
94
64
11
6
11
1
12
2
2
-6
15
9
1
*
*
*
1 1
n.a. |
n.a.
11 !
34
20
1t
1
* i
*3 |!1
!
*
*
2
*
*
*
-137
*
1
n.a.
n.a.
*
-32
t
*
1,179
*
1,014
1
n.a.
*
*
_
*
-26 .
-25 !
3
1
54
1
1
*
*
*
*
n.a.
n.a.
4
-6
4
1
*
3
*
*
1
164
41
1
*
_
5
121
*
*
1,695
*
2,033
*
_
-2
_
*
*
-2
-2
-6
*
*
*
■
.. *;23T~"
-1
-3
4
72
*
..... ,42.
*
-1
*
5
*
*
1
105
*
8
*
756
*
_
-1
*
*
*
*
-1
_
_
*
_
_
_
*
*
*
*
_
-1
_
*
_
*
_
-1
-5
80
_
-
-13
-5
n.a.
75
1 on
1/ Through December 31, 1975, Surinam included with Netherlands Alioa-lier.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the
United Arab Emirates (Trucial States).
-21
*
-21
" .172S8 "
*
*
*
*
*
11
*
_
_
*
_
_
_
75
*
86
~
647
*
*
n.a.
*
4
-37
-122
22
_
*
*
*
_
_
-59
*
-50
*
*
*
*
*
... ldi...
European regional........
Latin American regional....
Asian regional...........
African regional.........
Middle Eastern regional....
Total international
and regional...........
Grand total.............. .
*
*
8
-20
109
-1
-40
2
1
2
956
1
*
1
1,795"
*
-1
-4
*
n.a.
*
5
3
-14
113
*
13
*
*
*
-48
-1
-3
*
n.a.
1
10
-7
*
125
*
-22
2,006
'i
i
*
-23
1
*
1
19
-105
*
199
*
-7
91
3 i!
*
-11
2
-18
*
2
39
n.a.
n.a.
*
*
-34
n.a.
59
1
n.a.
-6
72
30*
2
n.a.
*
1
157
*
1,705
31
*
-1
n.a.
n.a.
*
-2
5
n.a.
19
*
n.a.
*
-20
*
June p
*
-4
n.a.
n.a.
*
*
1
n.a.
7
*
n.a.
1
1
*
-2
-24
n.a.
n.a.
-2
-10
39
n.a.
-49
-3
n.a.
-10
-29
2
n.a.
*
n.a.
2
5
158
*
23
'
1!
1
;
i!
|
|
May p
Apr.
Mar.
Feb.
Jan.
*
1
n.a.
n.a.
*
*
-4
n.a.
1
*
n.a.
*
7
*
6
-45
n.a.
n.a.
*
1
82
n.a.
-6
*
n.a.
-3
-9
34
n.a.
*
n.a.
1
*
117
*
-52
3
5
-1
*
2
*
*
*
n.a.
n.a.
-1
-3
9
*
2
2
10
1978
1978
through
June p
*
*
*
.... m
,
2
*
*
*
|
;1
1
1
1
'
1*
I
i
1
t
!
I
i
1
j
1
i
jI
*
*
*
*
*
!*
*
1
*
*
*
137
*
146
_
_
_
_
*
*
*
*
*
1
1
*
*
*
*
_
*
16
*
*
*
*
_
_
33
_
*
_
-1
*
_
-1
370
*
49
385
’
.
i
!
*
*
i
!1
*j
1
*
1
*
i
*
i
*
S
.....*“
_
5
-1
_
_
*
13
_
*
■
*
_
*
*
1
*
1
1
*
•*
47
*
*
*
*
*
91
139
_
*
*
*
*
*
-29
449
*
*
306
-2
-
-1
-13
*
1
1
”
-1,030
1
n.a.
5
-46
n.a.
11
89
-4
n.a.
-1,029
-41
96
766
1,207
4,335
J/
p
n.a.
-20
n.a.
-18
45
-20
-2
83
176
-21
-32
45
~
-
~
1
85
“
72
447
..^x uiet Algeria, Gabon, Libya, and Nigeria.
Preliminary.
* Less than $500,000.
n.a. Not available.
377
116
Treasury Bulletin
______________________ CAPITAL MOVEMENTS_______________________
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table GM-VI-6. - Net Foreign Transactions in Domestic Stocks by Country
(In millions of dollars; negative figures Indicate net sales^by foreigners or a net outflow of capital from the United States)
Calendar year
1978
Country
1978
1975
1976
1977
Jan.
Feb.
Mar.
through
Apr.
June p
Europe;
Austria.................
Belgium-Luxembourg.......
Bulgaria................
Czechoslovakia...........
Denmark..................
Finland.................
France......... ...... .
German Democratic Republic.
Greece............. .....
Italy...................
Netherlands..............
Norway.
„ ........
11
84
n.a.
n.a.
5
-1
262
n.a.
251
10
n.a.
*
Switzerland..............
359
4
n.a.
-2
n.a.
13
2
899
United Kingdom...........
594
Spain...... ............
Yugoslavia............. ..
Total Europe.............
Canada................ ...
Lakto..ABfiTtaft ancL.Cayibbean,; ,
Argentina....... ...... .
Bahamas...............
Bermuda.......... .......
Brazil..................
British West Indies......
Chile...................
*
*
*
2
-40
n.a.
n.a.
-2
1
256
n.a.
68
3
n.a.
-4
-199
-8
n.a.
-8
n.a.
9
-100
1
340
9
-79
n.a.
n.a.
-5
1
40
n.a.
291
-5
n.a.
-15
22
-4
-3
3
n.a.
-8
-7
152
-4
613
*
*
*
4
-11
*
2
-1
-3
n.a.
n.a.
2
-1
-13
n.a.
n.a.
1
-12
n.a.
45
-2
n.a.
33
1
n.a.
-4
-13
*
13
93
3
386
4
*
n.a.
-3
-4
-2
-7
-20
-3
*
-1
*
1
n.a.
125
2
-2
-1
-6
31
229
-1
*
-78
*
*
*
*
1,251
41
324
65
-74
-19
-26
-3
44
2
7
-1
1
-18
-1
1
-1
3
75
*
*
*
2
-11
*
-1
3
1
1
10
-1
5
5
1
2
-1
*
-15
8
26
1
27
58
1
*
*
*
*
*
*
0
*
*
_
*
*
*
*
*
*
*
3
*
*
*
1
n.a.
n.a.
*
-1
2
*
*
*
1
n.a.
n.a.
1
-8
*
*
*
*
*
n.a.
n.a.
*
6
-3
*
*
*
1
*
-1
2
-1
1
n.a.
n.a.
4
52
15
*
*
2
18
1
-1
1
2
-2
*
-7
155
127
109
-9
-4
*
5
54
*
7
-3
67
*
-2
n.a.
n.a.
2
-4
*
*
1,803
-7
1,922
*
-9
38
*
*
-1
33
*
2
*
*
2
-9
1
*
1,390
3
1,449
*
_
*
*
*
*
*
2
*
*
*
_
*
5
*
*
107
*
113
_
*
3
*
*
-5
1
*
1
*
*
*
*
Total Asia...............
_
1
87
*
*
2
22
*
13
n.a.
n.a.
2
6
*
*
1,649
10
1,790
Africa.
Egypt...................
Ghana................... ■
1
Liberia..... ........... 1
Morocco........... ......
South Africa.............
Zaire.......... .........
Oil-export ing countries jV .
Other Africa.............
Total Africa..... .
*
*
n.a.
*
*
*
*
9
10
*
2
n.a.
*
1
*
1
4
7
*
*
7
*
-1
*
*
-2
5
Other countiesAustralia..............
All other................
15
1
-3
-2
8
1
Total other countries..............
Total foreign countries......
15
4,660
-4
2,740
8
2,661
International............
European regional........
Latin American regional..,.
Asian regional...........
African regional........
Middle Eastern regional....
Total international
and regional..... ......
18
13
15
-
-
-
-
n.a.
*
n.a.
n.a.
18
13
15
-
*
*
*
*
5
-ft
*
*
-5
47
*
4
*
*
*
7
*
*
571
*
681
*
*
*
*
*
-4
*
*
*
*
*
*
*
*
*
*
*
-5.....
3
-1
2
.
1.965 ..
*
_
¥■
-
4,678
2,753
2,675
*"+-1
............
i
December 31, 1975, Surinam inducted with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
2/
p
*
*
*
*
*
*
27
-3
*
*
*
1
101
...... -1 323
r
-3*
*
___ 22____
-58
-12
9
18
32
*
*
*
*
*
*
*
-2
9
4
*
*
*
-1
u
1
*
*
*
*
*
7
-24
3
*
*
*
1
1
2
37
36
33
_
-11
32
*
*
-1
13
*
2
*
*
_
1
10
*
*
*
11
*
*
*
*
*
*
*
48
*
49
*
*
3
*
*
*
-2
*
1
*
*
*
2
*
*
170
*
175
*
*
97
*
132
19
*
*
*
21
*
2
*
*
*
-1
*
*
90
*
129
*
*
2
*
*
*
*
*
2
*
*
1
*
*
*
*
*
1
*
*
-1
*
*
_
*
*
-1
*
-4
*
*
*
*
-4
*
1
*
*
129
*
*
*
*
1
*
*
*
*
1 _
116
*
510
*
*
63
720
427
1
*
*
59
81
*
-2
*
-1
*
*
*
-3
1
-
-21
-
_
-
-7
1
-21
115
63
492
713
Tnd dej Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a. Not available.
427
108
-19
*
_
_
*
-7
n.a.
1
*
_
_
_
n.a.
-
-1
1
-19
*
-46
.... X L ..
508
*
1
*
-1
*
-46
*
*
*
*
_
*
-3
*
*
-1
361
5
1,006
79
1
*
ft
319
17 _
336
*
-39
-18
*
1
30
-1
2,491
*
6
-2
2
52
-1
1
9
*
*
2
-12
-1
16
-2
187
*
1
n.a.
n.a.
35
45
-4
1
*
-1
16
C ra rA
*
57
1
n.a.
n.a.
6
-22
15
*
*
*
2
Singapore...............
Syria...................
Thailand.... ...........
Oil-exporting countries 2J.
Other Asia..... ........ .
*
60
*
Venezuela...............
Other Latin America and
Caribbean..............
Total Latin America and
Caribbean..............
Asia;
'China (Mainland).........
China (Taiwan)....... .
Hong Kong................
India...................
Indonesia..... ..........
Israel..................
Japan................. .
Korea...................
Lebanon.................
Malaysia...............
Pakistan................
-2
8
79
-3
-16
*
*
*
*
Cuba.....................
Ecuador................
Guatemala.................
Jamaica...................
Mexico......... .
Netherlands Antilles i/....
Panama................ ,.
Peru....... ...... ......
Trinidad and Tobago......
2
2
-1
-1
103
1
173
*
1
807
-3
*
8
*
*
-1
68
n.a.
52
1
n.a.
2
-9
1
June p
1
9
1
n.a.
-2
1
7
n.a.
*
-1
-54
-4
-10
-8
*
1
6
n.a.
n.a.
May p
-
August 1978
117
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-7. - Net Foreign Transactions in Long-Term Foreign Bonds by Country
(in millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1978
Country
Austria....... .........
Belgium-Luxembourg......
Bulgaria................
Czechoslovakia..........
Denmark................
Finland................
France.................
German Democratic Republic
Germany.................
Greece.................
Hungary................
Italy..................
Netherlands.............
Norway....... ..........
Poland.................
Portugal...............
Romania................
Spain..................
Sweden..................
Switzerland.............
Turkey..................
United Kingdom.... .....
U.S.S.R................
Yugoslavia..............
Other Europe............
Total Europe............
Canada.................. .
and Capibbeap:
Argentina...............
Bahamas................
Bermuda................
Brazil.......... .......
British West Indies.......
Chile..................
Colombia...............
Cuba...................
Ecuador.................
Guatemala..............
Jamaica................
Mexico.................
Netherlands Antillesl/....
Panama.......... ...... .
Peru...................
Trinidad and Tobago.....
Uruguay................
Venezuela..............
Other Latin America and
Caribbean.............
Total Latin America and
Caribbean.............
Asia:
China (Mainland)..... .
China (Taiwan)..... .
Hong Kong...............
India..................
Indonesia...............
Israel.................
Japan..................
Korea..................
Lebanon................
Malaysia...............
Pakistan................
Philippines.............
Singapore..............
Syria..................
Thailand...............
Other Asia..............
Total Asia.,
Africa;
Egypt.....
1975
1976
-52
16
n.a.
n.a.
6
1
-179
n.a.
33
*
n.a.
28
13
-199
n.a.
2
n.a.
4
6
196
*
30
*
-12
-47
-15
n.a.
n.a.
10
-56
-533
n.a.
-23
*
n.a.
-32
-5
-198
n.a.
3
n.a.
2
1
548
*
-107
-3
-455
-3,102
-5,231
3
-72
n.a.
*
n.a.
3
1
-4
-56
n.a.
n,a,
n.a.
n.a,
-177
66
-3
6
n.a.
1
30
1978
through
June p
1977
-12
-2
*
n.a,
n.a,
n.a,
-117
43
1
3
n.a.
2
35
-110
-134
n.a.
n.a.
-62
6
-28
-14
-91
-32
Feb.
9
n.a.
n.a.
-5
-322
-175
-il
n.a.
-4
*
n.a.
3
-9
-109
8
-24
-118
115
-2
.m
n.a.
-54
12
n.a.
*
-5
-1
1
n.a.
-315
13
2
151
153
Apr,
1
-17
n.a.
n.a.
-6
n.a.
3
n.a.
3
-12
-2
-2
9
n,a,
n.a,
-169
20
11
1
24
3
-212
-21
-6
i
2
7
-64
1
-16
6
2
-2
-116
18
36
-40
___ 2__
-235
29
3
-25
^154.
210
29
7
2
-1
35
4
-1
1
1
-5
30
2
1
1
-1
-85
-3
19
1
1
44
-4
-1,793
33
214
-33
-1
June p
3
2
-11
n.a.
n.a.
3
n.a.
18
1
-3
-593
6
May p
6
47
4
-363
-813
2
4
20
-15
32
3
2
1
-14
4
-4
4
1
1
-43
12
1
52
n.a.
n.a,
-44
3
-1
*
n.a.
n.a,
1
n.a,
n.a.
2
4
1
3
*
5
*•
2
*
1
*
1
*
4
20
-5
-3
1
-4
-5
-3
9
3
1
2
*
-5
1
2
*
3
1
33
-68
-9
14
2
*
-375
-283
*
n.a.
n.a
n.a.
2
n.a.
n.a.
2
24
-624
-1
22
51
29
21
-242
-282
n.a.
n.a.
n.a.
-348
n.a.
n.a.
10
71
-771
4
-233
-617
5
2
145
-7
26
19
7
24
13
6
-2
-2 1
2
1
14
213
-353
1
172
-331
7
-3
3
n.a.
n.a.
2
Liberia.....
n.a.
n.a.
4
*
Morocco.....
South Africa.
3
-2
Zaire......
Other Africa.
-25
-2L.
Total Africa.,
36
Other .countries:
Australia....
-162
-181
-430
-174
All other....
2
7
-85
19
Total other countries....
-155
-411
Total foreign countries....
-6,838
.-3^478
•^,133
-2.316
International and regional:
International...........
-1,577
-911
-1,023
185
European regional.........
-461
-590
-345
-228
Latin American regional...
-201
-70
-227
-45
-70
Asian regional..........
-2
-175
African regional........
n.a.
Middle Eastern regional...
Total international and
-1,902
-2,193
-1,557
regional..............
Grand total...............
-6,326
_________________________________________________________
-2,404
-8,740
-5,034 1
1/ Through December 31, 1975, Surinam included with Netherlands Antilles .
p Preliminary.
* Less than $500,000.
n.a. Not available.
3
25
4
-3
-27
-207
-24
-165
3
2
6
3
1
-7
8
-312
-12
20
-3
-7
30
-3
7
14
1
-16
-1
4
-18
1
8
2
..-15.9.
-13
-173
4
1
1
-41
188
-1
— 2.
167..
61
i
A
..-IL,
-s2L
1
-3
-3
2
-1 82
-577
-15
1
-66
-372
-565,,.
47
-197
4
65
-4
-147
-569
-184
2
-1
-176
-495
-652
41
-30
4
43
*
1
118
Treasury Bulletin
.CAPITAL MOVEMENTSL
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country
(In millions of dollars? negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
Country
Austria.......... ......
Belgium-Luxembourg.......
Bulgaria...............
Czechoslovakia..........
Denmark....... .........
Finland................
France.................
German Democratic Republic
Germany................
Greece.................
Hungary................
Italy..................
Netherlands.............
Norway.................
Poland.................
Portugal...............
Romania................
Spain..................
Switzerland...
Turkey........
United Kingdom.,
U.S.S.R.......
Yugoslavia....
Other Europe....
Total Europe....
Canada...................
Latin America and Caribbean.
Argentina...............
Bahamas................
Bermuda................
Brazil.................
British West Indies.....
Chile..................
Colombia...............
Cuba...................
Ecuador................
Guatemala..............
Jamaica................
Mexico.................
Netherlands Antilles l/...
Panama....... ..........
Peru...................
Trinidad and Tobago.....
Uruguay................
Venezuela..............
Other Latin America and
Caribbean.............
Total Latin America and
Caribbean........... .
Asia:
China (Mainland).
China (Taiwan)...
Hong Kong......
India..........
Indonesia......
Israel.........
Japan..........
Korea..........
Lebanon........
Malaysia.......
Pakistan.......
Philippines....
Singapore......
Syria..........
Thailand.......
Other Asia.....
Total Asia.
Africa
Egypt.......
Ghana.......
Liberia.....
Morocco.....
South Africa..
Zaire.......
Other Africa..
Total Africa..,
Other .countries
Australia.....
All other.....
Total other countries.,
Total foreign countries....
International and regional:
International..........
European regional......
Latin American regional..
Asian regional.........
African regional.......
Middle Eastern regional..
Total international and
regional.............
Grand total..............
1/
*
P
n.a.
1978
through
June p
1
5
n.a.
n.a.
-1
-1
•*24
n.a.
29
*
n.a.
-2
4
1
n.a.
*
n.a.
-1
-1
49
-7
-1
-34
n.a.
n.a.
-1
-27
n.a.
n.a.
Apr.
n.a.
n.a.
-10
*
-119
n.a.
18
1
n.a.
18
-137
-7
n.a.
13
n.a.
2
-11
June p
-1
n.a.
n.a.
*
*
12
n.a.
2
1
n.a.
-177
n.a.
n.a.
*
May p
2
125
-8
n.a.
-1
34
*
n.a.
*
27
n.a.
1
27
n.a.
*
n.a.
-1
5
-41
*
-87
n.a.
*
-1
-13
3
-303
20
28
27
11
13
15
-9
-63
21-
_8Z_
__ ft...
-2
i.a.
-7
n.a.
n.a.
n.a.
n.a.
n.a.
2
10
-158
1
3
-1
. - m ..
.-2-52--
1
-29
-1
16
-1
-5
1
n.a.
n.a.
16
1
22-17
-
-
^34^
-30
-1
-4
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-1
1
3
-1
-1L_
3
-9
-2
36
3
309
1
291
*
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1
-1
1
60
n.a.
n.a.
88
___ 1 _
36
n.a.
n.a.
-ZL.
Through December 31, 1975, Surinam included with Netherlands Antilles.
Less than $500,000.
Preliminary,
Not available.
-13
11
August
119
1978
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During June 1978 Preliminary
___________________________ (In millions of dollars,______
Gross -purchases by foreigners
Country
Total Purchases
(1)
Austria................
Belgium-Luxembourg......
Bulgaria...............
Czechoslovakia..........
Denmark................
Finland................
France.................
German Democratic Republic
Germany................
Greece.................
Hungary................
Italy..................
Netherlands.............
Norway.................
Poland.................
Portugal...............
Romania................
Spain..................
Sweden.................
Switzerland.............
Turkey.................
United Kingdom..........
U.S.S.R................
Yugoslavia..............
Other Europe............
Total Europe............
Canada...................
Latin America and Caribbean:
Argentina..............
Bahamas................
Bermuda................
Brazil.................
British West Indies.....
Chile..................
Colombia...............
Cuba...................
Ecuador................
Guatemala..............
Jamaica................
Mexico.................
Netherlands Antilles....
Panama..................
Peru...................
Trinidad and Tobago.....
Uruguay................
Venezuela..............
Other Latin America and
Caribbean.............
Total Latin America and
Caribbean.............
AsiaChina (Mainland)........
China (Taiwan)..........
Hong Kong..............
India..................
Indonesia..............
Israel.................
Japan..................
Korea..................
Lebanon................
Malaysia...............
Pakistan...............
Philippines.............
Singapore..............
Syria..................
Thailand...............
Other Asia..............
Total Asia..............
Africa:
Egypt..................
Ghana..................
Liberia................
Morocco................
South Africa............
Zaire..................
Other Africa............
Total Africa............
Other countries:
Australia..............
All other..............
Total other countries....
Total foreign countries....
International and regional:
International...........
European regional.......
Latin American regional...
Apian regional..........
African regional........
Middle Eastern regional...
Total international and
regional..............
Grand total..............
*
Less than $500,000.
10
70
_
5
6
199
_
667
4
_
10
136
6
_
1
_
7
32
492
*
1,367
*
13
3,025
354
3
31
174
3
15
*
1
_
1
3
1
23
48
18
2
*
3
17
Foreign
Domestic securities
securities
Bonds
Market
uorporaiie <se
of U.S.
able
other
Treasury
& Federal corp. and
Bonds Stocks
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(6)
(7)
(5)
(2)
(3)
(4)
*
_
_
_
48
_
334
_
*
50
*
_
_
*
20
5
_
391
_
_
*
_
_
_
*
_
3
_
_
_
_
_
8
4
_
227
_
242
848
3
_
_
_
_
4
*
1
*
*
_
_
_
_
*
*
_
-
Total
sales
(8)
Gross sales by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corpora-be &
of U.S.
able
other
Treasury Gov't
& Federal corp. and
Bonds Stocks
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(9)
(12) (13)
(10)
(11)
(14)
3
16
-
*
1
-
287
4
_
7
67
5
*
6
3
393
*
330
*
10
1,278
4
5
21
—
22
_
2
3
*
*
_
1
*
50
_
354
—
_
2
482
*
17
5
*
*
16
*
_
*
*
26
_
35
_
*
101
5
106
*
7
90
213
*
232
3
_
12
112
6
3
11
140
602
*
1,08
3
*
11
2,974
20
217
59
50
787
1
*
1
2
*
2
_
*
2
_
1
1
3
2
*
*
1
2
23
114
1
7
*
*
_
*
*
1
20
38
14
*
*
3
8
1
6
55
3
6
*
*
_
*
*
1
2
6
1
*
_
*
7
2
37
140
7
10
*
11
*
2
*
16
69
17
*
*
2
24
_
*
10
_
*
*
*
*
3
*
*
*
2
_
*
*
*
_
*
2
*
*
_
_
*
*
2
-
-
340
10
*
_
_
—
_
*
_
*
7
_
*
*
2
_
16
*
_
1
1
1
_
1
—
*
*
16
_
29
«.
1
74
6
46
_
1
*
111
*
_
13
3
—
*
7
*
10
65
_
650
*
749
«.
*
*
_
_
_
_
_
*
_
_
_
_
-
-
-
346
2
*
16
235
88
6
2
87
1
2
12
1,049
*
4
8
*
7
13
5
455
1,644
_
5
_
_
655
_
_
_
*
66
726
-
*
2
*
_
*
49
*
*
_
*
*
_
•*
101
152
2
64
*
*
4
39
*
4
*
*
1
6
_
10
1
1
8
234
*
7
_
5
6
_
*
6
_
■
*
73
*
*
_
*
*
_
1
70
*
*
53
136
*
4
4
*
3
10
_
5
_
_
2
*
_
168
3&
316
1
82
491
778
251
258
*
3
*
6
*
2
12
_
—
*
.
-
*
*
2
____4
I
*
5
2
7
*
*
-
*
*
3
*
1
2
5,389
1,580
326
262
1,393
*
88
-
1,336
~
4
“
1,481
1,336
6,869
2,916
_
_
_
_
.
81
81
5
85
“
_
90 _
416
.
*
-
289
*
1
*
*
... -2.
2,026
951
~
_
48
*
3
-
3
-
-
X ,
2,029
_
5
*
3
I
-
262
2
1
AL
1,002
1
*
1
.244„
.
~
*
4
*
6
26
36
_
—
_
_
“
*
3
, ,122_ ... - J .
5.107
1.022
_
*
_
_
-
-
31
-
5.819
635
29
-
4
57
*
1
*
150
*
209
3
10
84
4
3
7
3
471
*
229
3
*
10
1,249
18
229
*
3
1
1
*
*
2
*
1
5
1
12
82
*
6
*
*
*
*
*
14
62
11
*
*
2
7
*
20
52
6
2
*
*
*
1
5
1
*
17
2
*
-
*
1
*
*
*
1
*
*
*
_
1
54
*
*
4
28
*
4
*
*
1
6
_
6
*
49
45
4
1
4
_
27
,
*
*
_
121,
13
_
-
... 664—
___12___
1.686
m ..
423 116
104
, 30 .
_
*
_
*
“
35
207 — .142
*
_
3
*
1
*
*
___ 7
_
*
__ 2
108
l r897
5
-
23
_
_
-
-
2
* 1
*
2
-
*
22
5
*
*
8
*
*
*
20
44
*
*
717 102
14
63
_
_
_
1
37
_
4
90
23
*
10
2
4
1
*
3
117
32
394
-
202
...63 „
L
682
1
10
_
1
*
3
4
*
—
*
1
1
*
*
*
14
11
*
46
_
_
*
*
_
"
188
_
244
-
_
2
—
1
6
10
1
91
Ill
1
*
1
2L
185
_
... 185.
5
_
1
_
-
1
6
*
*
1
1
*
*
*
*
___
10
*
4
_
*
60
*
*
1
*
_
J ___
■ZL___
_
_
4
*
1
_
-1.........
303
_
_
_
-
5 - — 23.
1,921 1,609 ?P?„„
113
120
Treasury bulletin
.CAPITAL MOVEMENTS.
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1977
Country-
Austria................
Belgium-Luxembovirg......
Bulgaria...............
Czechoslovakia..........
Denmark................
Finland................
France.................
German Democratic Republic
Germany................
Greece.................
Hungary................
Italy..................
Netherlands.............
Norway..... ...........
Poland.................
Portugal...............
Romania.................
Spain..................
Sweden.................
Switzerland.............
Turkey.................
United Kingdom..........
U.S.S.R................
Yugoslavia..............
Other Europe............
Total Europe............
Cjaugjla....... ..........
Latin America and Caribbean:
Argentina...............
Bahamas................
Bermuda................
Brazil.................
British West Indies.....
Chile..................
Colombia..... ..........
Cuba...................
Ecuador................
Guatemala...............
Jamaica................
Mexico.................
Netherlands Antilles.....
Panama................ .
Peru...................
Trinidad and Tobago.....
Uruguay.............. ..
Venezuela...............
Other Latin America and
Caribbean.............
Total Latin America and
Caribbean.............
Asia:
China (Mainland)........
China (Taiwan)..........
Hong Kong..............
India..................
Indonesia..............
Israel.................
Japan..................
Korea..................
Lebanon................
Malaysia...............
Pakistan...............
Philippines.............
Singapore...............
Syria..................
Thailand...............
Other Asia............. .
Total Asia..............
Africa:
Egypt..................
Ghana...................
Liberia................
Morocco...............
South Africa............
Zaire..................
Other Africa............
Total Africa............
Other countries:
Australia..............
All other..............
Total other countries....
Total foreign countries....
International and regional:
International...........
European regional.......
Latin American regional...
Asian regional..........
African regional........
Middle Eastern regional...
Total international and
regional..............
Grand total..............
* Less than $500,000.
n.a. Not available.
__________________________ {In millions of dollars)______
Gross purchases by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corporate
&
Total
of U.S.
able
other
pur
Treasury
Gov’
t
Federal corp. and
chases
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(2)
(6)
(5)
(7)
(3)
(4)
(1)
213
774
n.a.
n.a.
72
302
1,627
n.a.
4,152
69
n.a.
183
1,626
96
*
13
n.a.
78
93
4,826
2
7
n.a.
n.a.
236
176
n.a.
2,681
n.a.
n.a.
677
40
7
n.a.
19
*
n.a.
*
159
12
11
10
n.a.
2
126
n.a.
n.a.
2
1
75
n.a.
119
2
n.a.
21
n.a.
50
28
3,003
3
1,962
1
101
3
345
n.a.
77
506
3,817
7
8,216
___1
743
428
19,834
513
283
8
34
34
18,785
11,833
1,819
3
389
33,307
242
16,266
57
2,222
1,368
60
8,161
3,333
163
32
346
1,650
629
23
304
1,240
2
83
695
3
47
30
68
79
7
168
*
4
n.a.
n.a.
138
749
191
15
24
19
333
5
*
124
n.a.
n.a.
3
1
11
2
n.&.
n.a.
20
30
70
11
205
220
145
3,582
669
84
442
35
5
75
6,242r
861
18
343
2
153
n.a.
n.a.
59
10
4,416
814
50
523
5
120
58
6.359
20,349
12.488
1.671
1
277
1
2
1
2
2
n.a.
3
86
1
n.a.
2
191
392
64
22
5
10
1
n.a.
n.a.
45
56
34
n.a.
n.a.
5
23
3
2
24
5
46
10,465
4
452
991
100
64
3
5
*
3
n.a.
n.a.
298
614
151
13
*
12
477
4
88
n.a.
n.a.
2
1
108
n.a.
58
1
n.a.
25
36
8
*
1
n.a.
3
7
275
_
251
263
4,680
61
695
131
19
1
1
44
*
1
*
_
_
n.a.
n.a.
1
72
1
_
*
155
*
2
*
*
1
_
_
n.a.
n.a.
2
*
*
_
*
*
2
16
1
4
73
1
*
*
*
_
*
n.a.
n.a.
5
7
3
*
*
*
3
36
1
1,466 1,015
__ 99
18
278
58
72
24
4
45
439
5
3
150
34
323
4
]
304
2,179
438
14
5
*
75
519
_
*
_
*
87
—
_
5
..
3,56?
*
24
_
_
243
437
*
—
30
426
_
•*
1,907
531
*
6
*
*
*
41
*
1
*
_
1
1
_
*
392
*
27
7
239
43
2
2
*
1
20
278
233 1,055
1
12
1
*
5
_
*
6
37
50
36
*
*
*
57^
140
*
10
*
*
6
520
*
*
*
1
2
_
12
7.459
..3,066 _
623
..MfL 1,157 1,617
551
*
*
—
20
*
*
21
1
19
266
1
13
7
27
I
A
1,971
1.429
2.605
9
829
50
48
1
1.265
381
381
_
*
_
...... 4
4
_
3
*
_
*
3
*
*
11
*
3
*
1?
___30
247
234
482
1
129
130
*
*
*
1
*
1
25
2
27
7,458
36,953
8,818
1,348
559
4
32
9,723
465
461
7
7,956
201
n.a.
75
158
4
—
n.a.
9,696
102
34
74
173
247
74
595
3,442
L4,154
8,052
349
n.a.
n.a.
6C
461
57
2
*
9
48
3
159
178
96
8
*
1
*
1
n.a.
n.a.
214
36
22
1
*
2
258
14
35
4,297
22
26
*
7
*
*
*
*
n.a.
n.a.
18
37
68
10
*
12
214
3,408
9,869
712
a
75
670
2
47
2
5
*
6
3,948
39,797
1,585 2,832
2
- 200. ,
71,997
219
430
3
10,921
2
51
n.a.
n.a.
*
1
132
n.a.
43
1
n.a.
13
264
1
*
*
n.a.
2
1
114
*
648
*
2
1,274
153
11
-lil141
29,928
20
888
35
137
377
453
n.a. n.a.
n.a. n.a.
18
118
7
112
481
889
n.a. n.a.
682
370
*
47
n.a. n.a.
79
93
110
551
32
332
1
3
5
1
n.a. n.a.
57
14
330
35
2,851
495
*
6
1,349 2,143
2
28
55
7,155 5,142
3,231
42
20
72
162
234
61,076
2
38
*
n.a.
n.a.
40
7
n.a.
21
n.a.
1
78
8
*
*
n.a.
*
33
14
_
394
947
4
*
, 30
*
*
..216„
6
87
2
n.a.
n.a.
_
241
153
n.a.
277
*
n.a.
4
54
1
*
n.a.
*
99
68
_
3,431
1,594
2
1
16
40
115
726
1
74
11.327
2
n.a.
n.a.
64
514
72
"2
*
11
67
14
262
23
302
970
n.a.
n.a.
139
401
1,770
n.a.
1,450
50
n.a.
216
1,092
381
4
44
374
n.a.
n.a.
13
7
929
n.a.
973
42
n.a.
64
572
28
n.a.
22
15
993
*
2,294
1
___25
4,549
6
(8)
1
24
n.a.
n.a.
1
*
125
n.a.
44
26
243
n.a.
n.a.
57
17
316
n.a.
316
13
n.a.
93
104
10
26
35
*
3
n.a.
3
7
412
*
530
n.a.
1
Total
sales
Gross sales by foreigners
Domestic securities
Foreign
securities
Bonds
Market
Corporate &
of U.S.
able
other
Treasury Gov't
& Federal corp. and
Bonds Stocks
Financing Federally-Bank bonds sponsored Bonds Stocks
agencies
& notes
(9)
(12) (13)
(10)
(11)
(14)
L4,G
2,255
20
*
26
*
402
450
*
10,655
8,156
237
47,608
16,974
1,585
■
*
_
7
—
3
«
1
11
215
103
318
6
*
6
1,769 H,419 10,935
2,664
50
—
n.a.
60 1,582
_
465
102
2
—
n.a. n.a.
50
__ 60 2,151
1,818 LI,479 13,086
1
n.a.
___1_
2,665
August 1978
121
FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 1974 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majorityowned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973> and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The most recent revision of the nonbank Foreign Currency
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms'
positions in the United States.
Common Definitions and Concepts
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Wake Island. The term "foreign" means
locations other than the "United States".
The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries of
foreign nonbanking concerns, in the case of "nonbanking
firms’ positions", and the agencies, branches, and
subsidiaries located m the United States of foreign banks
and banking institutions, in the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad" include amounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents*
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange contract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
the instrument involved.
"Spot" means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing in one year or less from the date
of the report.
"Majority-owned
foreign
partnerships"
are
those
organized under the laws of a foreign country m which one or
more nonbanking concerns or nonprofit institutions in the
United States, directly or indirectly, own more than 50
percent
profit
interest.
"Majority-owned
foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with more than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
The exemption level applicable to banks and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when it was raised to
$2 million equivalent on the monthly reports of positions
held m the (Anted States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, exchange contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dollar
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions in the specified
foreign currencies.
Description of Statistics
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin in ten sections. The
first section presents a summary of worldwide net positions
in all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the United States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or more of the specified foreign
currencies.
122
Treasury Bulletin
___ FOREIGN CURRENCY POSITIONS_______
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions 1/
(In millions of foreign currency unite}
Report date
1977-Sept...........................
1977-Dec...........................
Belgian
francs
(1)
Canadian
dollars
(2)
^5,379
24,362r
10,179r
10,454r
French
francs
(3)
7,068r
6,060r
German
marks
(4)
5,236r
6,745
Italian
lire
(5)
473,974
537,914
Japanese
yen
(6)
270,933
314,747
Swiss
francs
(7)
-3,227
-1,918 r
Sterling
(8)
U.S.
g/
dollars *
(9)
1,647 r
1,720 r
-5,999 r
-6,073 r
Table FCP-I-2. - Weekly Bank Positions 2/
(In millions of foreign currency unite)
Report date
Belgian
francs
Canadian
dollars
French
francs
(2)
(3)
German
marks
Italian
lire
Japanese
yen
Swiss
francs
(6)
(7)
British
pound
(8)
U.S.
,
dollars &
(4)
(5)
9/07/77
9/14/77
9/21/77
9/28/77
-2,552
-3,628
-2,046
-1,208
-35
-98
-64
-80
-69
-9
91
270
1,057
523
712
796
94,965
31,625
56,128
72,350
73,279
63,312
84,060
82,190
-3
261
106
381
117
209
105
95
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77 •
12/14/77
12/21/77
12/28/77
-2,104
-2,682
-1,120
-1,603
-292
-2,727
-2,356
-2,975
-1,548
-1,766
-2,028
-1,950
-1,786
-44
-73
-152
-127
1,224
1,073
1,370
1,376
103,564
71,352
66,174
81,770
-104
-140
-119
-97
8
8
-9
63
-22
12
184
179
145
280
6
-53
237
-3
251
95
133
-73
1,371
1,149
1,047
1,262
1,001
1,277
1,403
1,114
1,069
85,857
78,815
67,872
95,006
93,369
98,678
87,815
88,985
71,584
75,459
73,855
85,525
62,427
70,810
53,942
77,184
66,031
92,180
77,969
71,882
65,140
78,392
253
287
428
423
501
326
277
286
410
361
346
303
334
119
66
92
122
120
74
40
28
56
58
29
2
45
64
49
61
-144
-123
184
20
111
175
1/04/78
1/11/78
1/18/78
1/25/78
-1,726
1,462
-1,071
-1,111
1
-42
-25
-9
82
105
46
182
1,108
1,067
974
1,578
34,918
60,145
54,571
44,870
84,236
78,621
97,350
83,369
487
420
176
470
96
53
41
19
-230
-93
79
-170
2/01/78
2/08/78
2/15/78
2/22/78
-2,043
-1,967
-772
-2,895
-55
-89
-117
-93
19
-405
-513
-326
1,209
815
1,410
1,269
39,273
-3,988
44,982
59,963
86,026
83,165
76,943
84,599
349
254
389
183
-59
-71
-65
-59
32
335
176
140
(1)
(9)
196
273
130
52
1
-9
49
150
Table FCP-I-3. - Monthly Bank Positions 5/
(In millions of foreign currency units)
End of month
Belgian
francs
(1)
1977-Sept..........................
German
marks
(2)
(3)
(4)
56
26
-119
-4,844
-25
-2
-3,782
-113
-4,526
Footnotes at end of Table FCP-X-3.
French
francs
-83
-142
-2
-5,138
-3,474
-4,272
Feb..........................
Canadian
dollars
-19
-179
472
92
259
-26
235
-530
318
Italian
lire
(5)
Japanese
yen
(6)
>
Stiss
francs
British
pounds
(7)
(8)
U.S.
dollars 6/
(9)
-312
279
249
141
-47
113
115
114
8
'-4,333
82,034
59,107
87,792
79,406
87,796
46
32
-383
-623
52,420
74,282
134
-144
-344
18,541
33,260
42,503
29,536
-u
-435
123
August 1978
____ .FOREIGN CURRENCY POSITIONS _ _ _ _ _
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms’ Positions 1/
Position
at end
of month
Sept,. 1977
Sept,. 1977
Sept,. 1977
Oct.
1977
Nov.
1977
Dec.
1977
Dec.
1977
Dec.
1977
Jan.
1978
Feb.
1978
Short-term trade
Liquid
assets 2/
(1)
19,524
3,617
23,141
3,805
3,647
19,637
3,733
23,370
P
3,613
3,701
Short
term
debt 2J
(2)
33,249
2,749
35,998
Other
assets 6/
Other
liabil
ities 2/
(4)
48,444
1,006
(5)
103,577
5,628
(6)
85,977
2,302
49,450
109,205
88,279
931
859
51,236
1,147
5,573
5,384
96,780
5,461
52,383
1,164
1,275
102,241
5,6^0
6,186
2,094
2,075
80,532
1,715
82,247
Receiv
ables (J
Pay
ables jj/
(3)
69,037
2,755
71,792
35,111
2,552
2,048
1,900
72,602
2,339
37,663
” T ;m .
1,726
74,941
-2”235
2,409
2,457
2,682
2,154
2,158
Forward exchange 8/
Bought
Sold
(7)
2,772
2,304
5,076
(8)
3,344
6,764
10,108
, 2,010
, 1*623
. 2,894
3,108r
1 6,002r
i 3,877r
3,432
6,102
6,160
2,670
7,229
9,899
Net
position 2/
Ex
change
rate 10/
(9)
23,896
1,483
25,379
1,852
778
(10)
35.7210
35.7210
-37H2T8,043
Table FCP-II-2. - Weekly Bank Positions
22,364
l,998r
24,362r
l,791r
2,516
35.7210
35.1990
35.1100
32.6260
32.6260
32.6260
32.6820
31.4270
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
21/
(In millions of Belgian francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
(5)
Banks in U.S.
Bought
Net position
Sold
Net
Foreign
branch
net
World
wide
net
(7)
(8)
(9)
(10)
(11)
(12)__
United
Foreign
States 1A, branch
World
Exchange
wide 16/ rate 17/
W
(1)
(2)
(13)
U4)
9/07/77
9/14/77
9/21/77
9/28/77
251
269
281
251
86
134
25
199
165
135
256
52
2,491
2,331
2,939
3,699
2,656
2,466
3,195
3,751
22,981
22,597
22,105
24,531
25,602
24,635
24,398
26,349
-2,621
-2,038
-2,293
-1,818
-2,587
-4,056
-2,948
-3,135
-5,208
-6,094
-5,241
-4,953
-2,456
-1,903
-2,037
-1,766
-96
-1,725
-9
564
-2,552
-3,628
-2,046
-1,202
35.657
35.887
35.830
35.860
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
460
251
239
256
292
366
203
198
217
190
190
258
314
223
161
167
167
151
44
49
254
30
16
17
46
27
36
9
36
30
88
22
34
13
309
207
190
2
262
350
186
152
190
154
181
222
284
135
139
133
154
3,625
4,343
5,540
5,877
7,004
8,806
9,148
8,910
9,173
7,116
5,999
2,513
7,662
8,903
4,425
4,881
8,326
3,934
4,550
5,730
5,879
7,266
9,156
9,334
9,062
9,363
7,270
6,180
2,735
7,946
9,038
4,564
5,014
8,480
22,597
21,516
21,166
22,188
24,796
23,533
24,238
26,852
26,068
27,589
26,916
29,122
28,619
25,364
26,101
24,956
25,009
25,404
24,398
22,434
23,618
25,909
25,515
26,333
28,920
27,918
29,729
28,717
30,995
30,197
26,904
27,833
26,391
26,502
-2,807
-2,882
-1,268
-1,430
-1,113
-1,982
-2,095
-2,068
-1,850
-2,140
-1,801
-1,873
-1,578
-1,540
-1,732
-1,435
-1,493
-3,231
-4,296
-5,582
-6,052
-6,445
-9,901
-9,595
-9,969
-9,061
-6,896
-6,407
-2,812
-8,154
-9,224
-4,294
-4,650
-8,098
-6,038
-7,178
-6,850
-7,482
-7,558
-11,883
-11,690
-12,037
-10,911
-9,036
-8,208
-4,685
-9,732
-10,764
-6,026
-6,085
-9,591
-2,498
-2,675
-1,078
-1,428
-851
-1,632
-1,909
-1,916
-1,660
-1,986
-1,620
-1,651
-1,294
-1,405
-1,593
-1,302
-1,339
394
47
-42
-175
559
-1,095
-447
-1,059
112
220
-408
-299
-492
-321
131
231
228
-2,104
-2,628
-1,120
-1,603
-292
-2,727
-2,356
-2,975
-1,548
-1,766
-2,028
-1,950
-1,786
-1,726
-1,462
-1,071
-1,111
35.651
35.575
35.524
35.270
35.111
35.511
35.232
35.060
35.011
34.083
33.595
33.319
32.922
32.895
32.618
33.003
32.504
2/01/78
2/08/78
2/15/78
2/22/78
158
311
207
467
101
74
15
20
57
237
192
447
9,420
7,391
9,001
7,285
9,477
7,628
9,193
7,732
26,400
25,248
27,584
28,060
28,380
26,992
29,393
31,037
-1,980
-1,744
-1,809
-2,977
-9,540
-7,851
-8,156
-7,650
-11,520
-9,595
-9,965
-10,627
-1,923
-1,507
-1,617
-2,530
-120
-460
845
-365
-2,043
-1,967
-772
-2,895
32,706
32.706
32.444
31.797
Footnotes at end of Table FCP-X-3.
(3)
(6)
_
Section II - Belgian Franc Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions 18/
________________ (In millions of Belgian francs)________________________
End
of
month
Maturity
Assets 19/
(1)
1977-Sept.
Demand/spot..............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
Summary ((7) + (8)).......
Oct.
1978-Jan.
30,325
22,012
14,919
12,686
8,453
15,277
103,672
3,139
106,811
Balance sheet items
Liabilities
(2 )
Net
(3)
Bought
(4)
>n exchange contracts
Sold
Net
(5)
(6)
32,721
30,373
15,119
11,129
4,582
5,524
99,448
-2,396
-8,361
1,557
3,871
9,753
4,224
18,920
22,182
23,551
31,982
30,207
17,671
119,005
5,913
-2,774
1,450
-6,287
-6,484
2,469
6,462
11,528
6,828
-2,799
-200
105,361
20,953
28,513
27,736
22,883
125,593
-1,229
4,962
-4,246
-7,324
1,317
-68
-6,588
-3,625
-3,399
-4,446
-5,767
5,188
9,685
-2,364
-2,774
119,005
125,593
-6,588
-5,138
12,530
28,447
35,621
30,251
1,197
-3,087
-7,690
74?
-560
-5,090
-4,594
-5,556
-l,228l
18,044
11,333
26,557
38,708
37,941
17,857
124,893
132,396
-7.503
-675
-2,799
rl
Demand/spot...............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months.,...
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities
27,407
21,351
17,195
14,548
24,761
33,694
27,835
19,664
105,262
3,229
98,434
6,028
Summary ((7) + (8)).......
108,491
104,462
4,029
124,893
132,396
-7,503
Demand/spot..............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year...............
Total of all maturities....,
Capital assets, liabilities,
Summary ((7) + (8))....... .
Demand/spot..............
3 days-1 month............
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities....
31,313
31,150
18,774
13,472
-6,541
2,027
-1,440
2,347
2,961
10,045
25,288
35,874
46,891
33,137
22,673
37,854
29,123
20,214
11,125
9,667
21,541
24,825
32,766
51,906
43,021
20,987
117,382
107,983
162.731
173.505
3,253
120,635
6,150
114,133
■3Ty w
9,399
-2,897
6,502
463
3,108
-5,015
-9,884
845
-291
-10.774
Capital assets, liabilities,
Summary ((7) + (8)).......
Demand/spot..............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.... .
Over 6 months-1 year......
Over 1 year..............
Total of all maturities.
32,110
9,155
(
--- 3 S T
Net
overall
position 21/
(7)
1,890
-6,078
5,135
-6,455
-7,537
3,806
9*754
-1.375
-2,897
-4,272
T 9
-6,260
-4,370
-5,484
173,505
-10,774
22,854
“
I E E T
34,892
55,449
41,714
21,865
2,879
-6,462
-6,372
963
26
10,248
162,731
15,693
37,771
48,987
35,342
20,089
19,550
29,228
-9,139
12,422
17,458
11,534
21,516
10,036
2,092
888
1,258
10,222
105,687
100,046
5,641
160,847
168,144
-7,297
-1,656
2,451
5,321
105.367
31,503
26,451
19,916
160,847
21,751
46,874
39,034
34,182
21,204
1,638
164,683
168,144
-7,297
-2,870
-4,526
2,2611
43,906
43,652
41,111
23,125
1,497
175,902
-860
2,968
-4,618
-6,929
-1,921
141
-11,219
-4,021
-2,634
-2,367
-5,620
24,170
10,540
107,218
98,791
-2,870
2,771
-3,161
-5,602
2,251
1,309
4,031
9,599
8,427
108.138
28,342
20,849
22,167
11,690
10,381
(
§
Q
2,221
2,110
9,740
-2,792
Capital assets, liabilities,
2,647
4,699
-2,052
Summary ((7) + (8))........
109,865
103,490
6,375
164,683
175,902
-11,219
-4,844
Demand/spot.............. .
3 days-1 month.............
Over 1 month-3 months.......
Over 3 months-6 months......
Over 6 months-1 year.......
Over 1 year............... .
Total of all maturities....,
30,671
29,088
22,574
9,447
4,944
5,745
102,469
22,755
32,030
49,313
35,383
22,169
2,317
163,967
1,807
-893
-3,580
-4^98
-2,534
-70
-10,068
5,203
-3,773
-3,724
-113
5,321
1,678
9,407
8,796
-2,510
24,562
31,137
45,733
30,585
19,635
2,247
153,899
Capital assets, liabilities,
'26,898
25,364
22,461
14,768
6,622
15,152
111,265
2,693
-1,966
-4,617
-3,693
523
-856
9,337
-1,272
-2,510
Summary ((7) + (8)).......
113,958
107,672
6,286
163,967
-10,068
-3,782
-2,052
I
I
125
August 19 78
_____ FOREIGN CURRENCY POSITIONS_______
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms’ Positionsi/
Short-term trade
Position
at end
of month
Liquid
assets 7j
(D
Sept,. 1977
Sept,. 1977
Sept,. 1977
Oct.
1977
Nov.
1977
Dec.
1977
Dec.
1977
Dec.
1977
Jan.
1978
1978
Feb.
3,355r
763
4,118r
777
850
3,609
857
4,466
993
977
Short
term
debt 2/
(2)
Pay
ables 5/
Receiv
ables i j
(4)
(5)
ll,928r
439
12,367r
5,863r
704
6,567r
21,237r
3,656
442
436
12,256r
517
12f773r
426
425
720
686
6,236r
700
6,936r
(3)
5,l88r
411
5,599r
392
421
4,955r
384
5,339r
362
325
Other
assets £/
24,893r
3,538
3,505
21,650
3,539
25,189
3,533
3,651
695
639
Other
liabil
ities 2/
Forward exchange 8/
(7)
(6)
I6,976r
1,163
I8,139r
1,152
1,154
17,786r
1,179
I8,965r
1,178
1,188
Sold
Bought
Net
position 2/
(9)
(8)
748
680
1,428
217
2,105r
2,322r
893
838
2,121
2,261
245r
1,952
2,197r
1,890
2,186
773
690
1,463
612
674
Table FCP-III-2. - Weekly Bank Positions
9,024r
l,155r
10,179r
1,265
1,107
9,066r
1,388
10,454**
1,439
1,389
Ex
change
rate 10/
Positions
held by
offices in:
(10)
0.9314
0.9314
0.9314
0.9033
0.9027
0.9141
0.9ia
0.9ia
0.9030
0.8967
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
^
(In millions of Canadian dollars)
Assets and liabilities 12/
Banks m U.S.
Date
Assets Liabilities
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
(1)
775
793
838
819
839
792
793
924
824
780
776
839
833
942
882
990
948
911
979
926
884
877
804
(2)
460
425
462
398
a7
368
434
520
402
298
329
384
377
508
406
452
383
356
429
427
433
428
462
377
372
Footnotes at end of Table FCP-X-3.
Net
(3)
315
368
376
421
422
424
359
404
422
482
447
455
456
434
476
538
565
555
550
499
451
449
480
504
432
Exchange contracts 13/
Foreign
branch
net
World
wide
net
(4)
24
11
34
54
80
-4
30,
49.
(5)
339
379
ao
475
502
420
389
453
506
582
497
524
544
439
608
706
712
696
712
643
585
518
84
100
50
69
88
5
132
168
147
141
162
144
134
69
66
10
56
488
Banks in U.S.
Bought
,
(6)
11,453
11,760
11,866
12,422
12,849
12,889
13,805
13,833
14,087
13,846
13,564
13,047
12,870
13,228
13,445
12,569
11,873
11,766
11,724
11,799
11,935
12,001
B;S8
12,323
Sold
Net
Foreign
branch
net
(7)
11,848
12,227
12,319
12,940
13,362
13,434
14,284
14,355
14,620
14,471
14,128
13,615
13,346
13,698
13,947
13,182
12,479
12,344
12,360
12,360
12,429
12,510
12,268
(8)
-395
-467
-453
-518
(9)
21
-10
-21
-37
-513
-545
-479
-522
-33
52
-62
-58
-533
-625
-564
-568
-476
-470
-502
-613
-606
-578
-636
-561
-494
-509
-596
-611
-518
-77
-97
-52
-53
-60
li;$4i
23
-115
-156
-128
-117
-118
-107
-100
-64
-39
-20
-63
Net position
World
wide
net
(10)
-374
-477
-474
-555
-546
-493
-541
-580
-610
-722
-616
-621
-536
-447
-617
-769
-734
-695
-754
-668
-594
-573
-635
-631
-581
United
Foreign
States Vjj branch
World
Exchange
wide 16/ rate 17/
W
(11)
-80
-99
-77
-97
-91
-121
-120
-118
-111
-143
-117
-113
-20
-36
-26
-75
-41
-23
-86
-62
-43
-60
-116
-107
-86
(12)
45
1
13
17
47
48
-32
-9
7
3
-2
16
28
28
17
12
19
24
44
37
34
5
27
-10
-7
(13)
-35
-98
-64
-80
-44
-73
-152
-127
-104
-140
-119
-97
8
-8
-9
-63
-22
1
-42
-25
-9
-55
-89
-117
-93
(14)
_
.9309
.9321
.9335
.9315
.9225
.9133
.9005
.8991
.9055
.8997
.9009
.9007
.9027
.9119
.9132
.9128
.9128
.9128
.9095
.9087
.9024
.9003
.9006
.8969
.8963
Section III - Canadian Dollar Positions
Table FCP-IH-3. - Consolidated Monthly Bank Positions W
Ki
G\
(In millions of Canadian dollars)
End
of
month
Maturity
I977-Sept... (1) Demand/spot..............
(2 ) 3 days-1 month...........
(3) Over 1 month-3 months.....
U) Over 3 months-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year..............
(7) Total of all maturities....
(8) Capital assets, liabilities
(9) Summary ((7) + (8)).......
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
(7) Total of all maturities....
(8) Capital assets, liabilities,
(9) Summary ((7) + (8))........
(1)
(2 )
(3)
(4)
(5)
(6 )
Net
(1)
(2 )
(3)
(4)
(5)
541
687
390
514
691
493
191
208
27
-4
-103
905
2,504
4,361
2,631
1,597
421
930
2,640
4,486
2,696
1,765
367
12,419
202
2,506
2,097
173
2,679
200
708
557
414
177
2,297r
624
491
585
175
255
11
49
429
409
-27
382r
U
\-171
2
Bought
Net
(6)
Net
overall
position 21/
(7)
12,884
-25
-136
-125
-65
-168
___ 54
-465
-140
-228
-54
-119
483
-56
12,419
12,884
-465
-83
1,330
2*964
4,616
3,007
2,223
1,263
3*228
4,851
3,302
410
67
-264
-235
-25
-163
72
14,622
15,170
-548
151
-198
-406
-23
-165
529
-112
2
2,566
2,130
171
201
-30
2,737
2,331
406
14,622
15,170
-548
-142
588
643
15
99
-94
68
754
573
544
504
183
268
1,247
3,157
3,920
2,862
2,007
530
2,072
574
27
-69
-290
-118
-135
31
-554
42
30
-384
-50
-147
529
2,646
1,220
3,226
4,210
2,980
2,142
499
14,277
91
2,737
113
2,185u
552
13,723
14,277
Demand/spot.............. .
3 days-1 month.............
Over 1 month-3 months......
Over 3 mOnths-6 months.... .
Over 6 months-1 year...... .
Over 1 year...............
Total of all maturities....,
Capital assets, liabilities,
529
673
607
-74
155
113
47
-54
668
690
814
603
518
494
185
340
96
2,140
118
-22
(9) Summary ((7) + (8))........
2,951
2,25b
693
12,016
12,734r
-718
Demand/spot...............
3 days-1 month.............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
Demand/spot...............
3 days-1 month..........
Over 1 month-3 months......
$
Over 3 months-6 months.....
Over 6 months-1 year.......
(6) Over 1 year................
(7) Total of all maturities....
673
671
456
506
291
2
1,495
2,309
4,086
2,624
2,083
403
13,000
1,505
2,493
4,135
2,798
2,268
376
13,575
-184
-49
-174
-185
27
-575
Demand/spot..............
3 days-1 month.............
Over 1 month-3 months.....
Over 3 months-6 months.... .
Over 6 months-1 year.......
Over 1 year..............
Total of all maturities....
Capital assets, liabilities,
(9) Summary ((7) + (8))........
{1}
(2)
(3)
(4)
(5)
(6 )
(7)
(8)
Feb.
Balance sheet items
Liabilities
-2
457
436
(1)
(2 )
(3)
(4)
(5)
(6)
(7)
(8)
1978-Jan.,
exchange contracts 20/
Sold
Assets 19/
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(1)
410
251
232
640
4 8
236
112
796
350
2,933
2,415
(8) Capital assets, liabilities.
86
(9) Summary ((7) + (8))........
3,019
528
73.5
12,016
12,734
184
-1 8
J Z 3_
799
248
13,723
2,917
3,819
2,788
2,139
381
109
2.367
505
505
307
356
-30
2,686
3,618
2,599
2,010
435
2,258
-73T
2,386
20
-22
-55
-50
507
570
334
2,940
-1 2
482
509
518
493
12,973
-66
-22
-231r
-201r
-189r
-129
54
-718
-96
-76
-88
-142
-183
582
-3
-22
13.000
“T 7 C T 2,797
3,575
2,742
1,953
448
12,973
291
-155
-59
-554-
13.575
T Z W
2,932
3,665
3,008
2,201
424
13,579
-10
-67
-229
-235
534
-575
-135
-90
-266
-248
24
-606
"TffT
156
-245
-325
-314
533
111
2,526
13,579
-606
-113
i
(33
ft
127
August 1978
_____FOREIGN CURRENCY POSITIONS _
Section IV - French Franc Positions
_
Table FCP-IV-1. - Nonbanking Firms’ Positions y
(In millions of French francs)
Forward exchange 8/
Other
Other
assets 6/ liabil
Pay
Sold
Bought
ables 5/
ities 2/
(5)
(6)
(7)
(8)
(4)
2,063
24,396
843
13,119
16,634
592
l,785r
880
887
582
3,848r
i 1,435
13,701
25,283
17,514
Short-term trade
Position
at end
of month
Sept.,
Sept,,
Sept,,
Oct.
Nov.
Dec.
Dec.
Dec.
Jan.
Feb.
1977
1977
1977
1977
1977
1977
1977
1977
1978
1978
Liquid
assets 2/
(1)
3,723
171
r 3,894
U1
139
4,866r
130
4,996r
154
148
Short
term
debt 2/
(2)
10,122
391
10,513
406
428
ll,576r
426
12,002r
420
619
Receiv
ables 4/
(3)
21,657
375
22,032
205
186
375
366
23,445r
418
23,863r
14,933r
294
15,227r
236
273
411
498
895
924
22,152r
925
23,077r
845
841
15,894**
834
l6,728r
953
949
834
774
695
978
850
1,159
2,009
1,^77
1,925
l,970r
1,958
3,928r
1^421
1,703
1,899
2,373
Net
position 2/
Ex
change
rate 10/
(9)
8,681
-l,6l3r
7,068r
(10)
4.8897
4.8897
4.8897
-1,02V *
-973
6,940r
-880
6,060r
-450
-741
4.8239
4.8485
4.7048
4.7048
4.7048
4.7405
4.7596
Positions
held by
offices in
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-IV-2. - Weekly Bank Positions 11/
(In millions of French francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
(1)
467
669
427
557
n.a.
778
1,106
924
835
861
615
682
561
12/07/77
12/14/77
12/21/77
12/28/77
672
814
1,083
738
(2)
58
59
116
119
n.a.
103
97
95
100
128
108
86
133
50
52
49
172
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
636
744
646
606
819
715
870
1,179
99
168
184
233
268
263
203
183
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
Footnotes at end of Table FCP-X-3.
Net
(3)
409
610
311
438
665
675
1,009
829
735
733
507
596
428
622
762
1,034
566
537
576
462
373
551
452
667
996
Foreign
branch
net
Exchange contracts 13/
World
wide
net
(4)
2,641
2,609
2,731
2,495
2,747
2,873
2,588
2,417
2,852
2,688
2,396
2,213
2,318
(5)
3,050
3,219
3,042
2,933
3,412
3,548
3,597
3,246
2,347
2,237
2,022
2,130
1,582
1,767
1,587
1,737
1,867
1,729
1,906
1,861
2,969
2,999
3,056
2,696
3,587
3,421
2,903
2,809
2,746
2,119
2,343
2,049
2,110
2,418
2,181
2,573
2,857
Banks in U.S.
Bought
Sold
Net
(6)
20,359
20,826
20,753
20,730
21,342
20,862
21,276
21,459
22,126
20,261
20,723
20,894
22,621
23,786
24,063
23,359
22,859
22,463
22,133
22,490
24,561
23,964
23,716
25,192
24,979
(7)
21,075
21,744
21,305
21,234
22,308
21,669
22,445
22,506
22,890
21,252
21,484
21,723
23,266
,(*) .
-7l£
-918
-552
-504
-966
-807
-1,169
-1,047
24,541
24,996
24,517
23,673
23,216
22,843
23,199
25,125
24,861
24,663
26,415
26,212
-764
-991
-761
-829
-645
-755
-933
-1,158
-814
-753
-710
-709
-564
-897
-947
-1,223
-1,233
Net position
Foreign
branch
net
World
wide
net
(9)
-2,403
-2,310
-2,399
-2,159
(10)
-3,119
-3,228
-2,951
-2,663
-3,400
-3,364
-3,418
-3,101
-3,307
-3,415
-2,956
-2,572
-2,749
-2,718
-2,904
-2,923
-2,769
-2,037
-2,238
-2,003
-1,928
-2,399
-2,586
-3,086
-3,183
-2,434
-2,557
-2,249
-2,054
-2,543
-2,424
-2,195
-1,743
-2,104
-1,963
-1,971
-1,765
-1,955
-1,284
-1,528
-1,294
-1,364
-1,502
-1,639
-1,863
-1,950
United
Foreign
States 14/ branch
(11)
-307
-308
-241
-66
-301
-132
-160
-218
-29
-258
-254
-233
-217
-133
-171
-124
-248
-216
-134
-247
-191
-346
-495
-556
-237
w
(12)
299
332
336
313
316
339
363
309
264
201
470
214
384
266
257
175
298
239
293
373
365
90
43
-89
World
Exchange
wide 16/ rate 17/
(13)
-69
-9
91
270
12
184
179
145
280
6
-53
237
-3
251
95
133
-73
82
105
46
182
19
-405
-513
-326
(14)
_
4:9i^<r
4.9383
4.9194
4.9216
4.8786
4.8606
4.8656
4.8438
4.8193
4.8775
4.8520
4.8455
4.8485
4.8228
4.79 .'3
4.7529
4.6904
4.7170
4.6816
4.7472
I .7004
4.7727
4.8834
4.8473
4.8065
Section IV - French Franc Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions 18 /
(In millions of French francs)
00
Worldwide
End
Net
(1 )
(2)
(3)
4,185
4,510
3,589
1,416
5,485
3,341
1,629
661
-1,300
1,169
1,960
755
Forei gi exchange contracts 20/
Sold
(6)
(5)
(4)
Net
overall
position
(7)
Net
43,283
-
376
-997
-1,851
-588
-279
199
-3,140
-
21/
2,458
1,736
(7) Total of all maturities.......
(8) Capital assets, liabilities....
16,158
508
12,852
618
3,306
-110
(9)
16,666
13,470
3,196
40,143
43,283
-3,140
6,007
4,129
3,281
1,676
6,797
2,955
1,371
1,102
5,338
8,109
11,829
8,430
5,202
9,436
13,103
8,932
2,422
17,515
522
1^,637
1,947
14,172
626
-790
1,174
1,910
574
409
66
6,630
40,336
40,336
43,549
-
136
-1,327
-1,274
-502
-242
-4
-3,213
-
43,549
-3,213
26
4,272
4,967
2,684
1,747
4,602
3,085
2,088
1,669
7,030
8,385
12,221
9,223
6,^63
9,898
13,391
9,255
2,321
15,991
522
1,804
13,248
643
7,331
44,190
467
-1,513
-1 170
-32
-487
-6
46,931
-2,741
137
369
-574
if.
40
04
-40
2
-
-121
16,513
5,644
4,831
2,470
2,054
2,325
13,891
6,518
3*391
1,777
1,730
1,682
(t\)
(*>)
(6)
Oct.....
Bought
7,605
6,920
10,778
9,128
4,181
1,531
40,143
-
(1)
(?)
(?)
1977-Sept....
0 )
(?)
)
3 days-1 month...............
n)
u ) Over 3 months-6 months.........
(*>)
(6) Over 1 year................ .
(7) Total of all maturities.......
}
(8) Capital assets, liabilities....
(9) Summary ((7) + (8))...........
Nov..... (1 )
(2 )
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot..................
3 days-1’month...............
Over 1 month-3 months.........
Over 3 months-6 months........
Over 6 months-1 year..........
Over 1 year...... ............
Total of all maturities.......
Capital assets, liabilities.,,.
)
(9) Summary ((7) + (8))...........
Dec..... (1 )
(2)
(3 )
(4)
(5)
(6)
(7)
(8)
(9)
1978-Jan....... (1 )
(2)
(3)
(4)
(5)
(6)
(7)
-Feb
Balance sheet items
Liabilities
Assets 19/
month
'
3 days-1 month...............
Over 1 month-3 months.........
Over 3 months-6 months.........
Over 6 months-1 year..........
Total of all maturities.......
Capital assets, liabilities,...
Demand/spot...................
3 days-1 month........ .......
Over 1 month-3 months......
Over 3 months-6 months...... ..
Over 6 months-1 year..........
■ r
)
17,324
330
17,654.
....... 5,664.. ...
4,646
3,367
1,803
1
(
3,239
(
1,570
15,434
(8) Capital assets, liabilities....
362
509
(9) Summary ((7) + (8))...........
18,471
15,943
. (1)
(2)
(3) Over 1 rronth- 3 months.........
(4)
(5)
(6)
6,765
4,524
4,045
1,338
2,467
5,954
3,791
3,973
1,000
(7)
19,139
16,201
(8) Capital sesets, liabilities..,,
(9) Summary((7) + (8))...........
373
528
19,512
16,729
1,519
-330
1,882
596
78
551
-34
2,743
-121
£
(
(
)
6,876
7,824
“
{
(
-924
172
109
167
329
313
166
-110
56
-654
-153
636
72
167
62
130
-404
j j »17U
ton
44
4,522
9*836
11,972
10,017
4,591
259
46,931
4,710
3,851
12,772
10,506
5,131
309
41,197
43,279
-800
-489
-540
-50
-2,082
-163
2,063
-5$8
1,322
1,034
-42
895
24
2,675
41,197
7,216
10,276
12,201
10,648
4,394
231
44,960
43,279
7,392
11,115
12,553
11,409
4,911
287
-2.082
-1&
-839
-352
-761
-517
-56
47,667
-2,707
-147
2,528
44,960
47,667
-2,707
811
733
108
338
929
19
2,938
7,458
9,674
16*248
10,019
4,989
242
7,961
9,614
17,177
11,297
5,549
345
- m
60
-929
-1,278
-560
-103
48,630
51,943
-3,313
-940
369
-84
-375
-155
2,783
0
48,630
0
51,943
0
-3,313
-155
-530
2 622
.... -674
493
15,591
6,562.... .
3,324
2,333
1,845
2,489
)
3,343
-104
15,098
18,109
)
114
14,W
Total of all maturities.......
)
(
7,229
7,917
12,629
9,716
4,460
1,332
324
664
-21
2,226
...
-2,741
-119
1 425
rv?
*_ 1LIJY
-m
-71
144
-163
-19
-7^0
483
682
-803
378
-32
-32
..
-147
-179
"S O T
793
—OdJL
i
41
g5
S’
t-
129
August 1978
_____ FOREIGN CURRENCY POSITIONS _ _ _
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms* Positions 1/
(In millions of German Marks)
Position
at end
of month
Sept,.
Sept,.
Sept,.
Oct.
Nov.
Dec.
Dec.
1977
1977
1977
1977
1977
1977
1977
Dec.
Jan.
Feb.
1977
1978
1978
Short
term
debt 2/
(2)
Liquid
assets 2J
(1)
7,570
1,027
Short-term trade
7,856
811
8,667
626
547
7,484r
540
8,597
* 1,023
1,098
8,320r
1,101
9,421r
“'"1,082 .
1,116
8,024r
481
486
Pay
ables 5/
Receiv
ables i j
(3)
(4)
14,323
334
14,657
9,874
1,848
(5)
19,106
1,379
20,485
1,222
1,218
I8,667r
1,258
19,925r
11,722
345
407
14,683r
375
15,058r
.. — JOT"
413
Other
assets 6/
1,623
1,733
9,603r
999
10,602r
92Sr
1,019
Forward exchange 8/
Other
liabil
ities 2/
(6)
17,208
2,603
19,811
Sold
Bought
(7)
1,595
3,131r
4,726r
3,055r
3,010r
2,243
2,187
17,653r
2,155
19,808r
.. 1,298“
" .. "STSiff—
2,220
1,269
1,620
2,558r
4,178r
2,4^4
2,238
Net
position 2/
(8)
1,773
l,256r
3,029r
1,192
1,536
l,698r
l,705r
3,403r
..— 1
1,745
Table FCP-V-2. - Weekly Bank Positions
Ex
change
rate 10/
(9)
5,883
-647r
(10)
2.3089
2.3089
5,236r
-39r
-270r
6,852r
-107r
6,745r
2.3089
.. Z M jT
-434
2.2433
2.2205
2.0984
2.0984
2.0984
2.1079
2.0133
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
22/
(In millions of German marks)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net
(7)
(8)
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States 1/y branch
World
Exchange
wide 16/ rate 17/
W
(1)
(2)
(4)
(5)
(9)
(10)
(11)
(12)
(13)
9/07/77
9/14/77
9/21/77
9/28/77
838
853
931
804
586
594
658
621
252
259
273
183
4,667
4,349
4,260
4,534
4,919
4,608
4,533
4,717
27,906
28,063
28,765
29,178
28,254
28,706
29,287
29,69"
-348
-643
-522
-515
-3,514
-3,442
-3,299
-3,406
-3,862
-4085r
-3,821
-3,921
-96
-384
-249
-332
1,153
907
961
1,128
1,057
523
712
796
2.3182
2.3280
2.3215
2.3259
10/05/77
10/12/77
10/19/77
10/26/77
1,005
1,035
944
888
610
662
675
705
395
373
269
183
4,503
4,862
4,515
4,469
4,898
5,235
4,784
4,652
31,525
31,237
32,665
31,823
32,045
31,829
32,681
32,023
-520
-592
-16
200
-3,154
-3,570
-3,398
-3,076
-3,674
-4,162
-3,414
-3,276
-125
-219
253
-17
1,349
1,292
1,117
1,393
1,224
1,073
1,370
1,376
2.3003
2.2903
2.2871
2.2627
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
1,112
1,047
1,021
1,066
1,018
882
850
876
761
803
230
197
145
305
215
3,870
3,713
3,613
3.340
3,322
4,100
3,910
3,758
3,645
3,537
32,335
30,065
33,468
32,006
32,435
32,322
30,372
33,799
32,433
32,948
13
-307
-331
-427
-513
-2,742
-2,454
-2,380
-1,956
-2,023
-2,729
-2,761
-2,711
-2,383
-2,536
243
-110
-186
-122
-298
1,128
1,259
1,233
1,384
1,299
1,371
1,149
1,047
1,262
1,001
2.2447
2.2630
2.2476
2.2310
2.2205
12/07/77
12/14/77
12/21/77
12/28/77
1,142
1/014
963
844
854
900
656
809
288
114
307
35
2,829
3,073
3,193
3,703
3,117
3,187
3,500
3,738
33,848
34,564
31,370
30,407
34,252
34,748
31,815
30,715
-404
-184
-445
-308
-1,436
-1,600
-1,941
-2,361
-1,840
-1,784
-2,386
-2,669
-116
-70
-138
-273
1,393
1,473
1,252
1,342
1,277
1,403
1,114
1,069
2.1638
2.1384
2.1288
2.1146
831
890
863
966
883
885
923
913
702
615
663
591
628
611
587
540
129
275
200
375
255
274
336
373
3,778
4,059
4,305
4,807
3,906
4,227
4,656
5,087
3,907
4,334
4,505
5,182
4,161
4,501
4,992
5,460
31,430
34,086
32,500
32,401
31,760
34,576
33,029
32,782
-2,799
-3,267
-3,531
-3,604
-2,952
-3,686
-3,582
-4,191
1,309
1,282
1,303
1,584
1,108
1,067
974
1,578
2.1345
2.1086
2.1292
2.0981
32,703
29,951
34,064
33,447
-2,469
-2,777
-3,002
-3,223
-2,442
-3,066
-3,122
-3,833
-201
-215
-329
-6
32,193
29,331
33,604
33,089
-330
-490
-529
-381
-510
-620
-460
-358
-255
-346
-124
15
1,464
1,161
1,534
1,254
1,209
815
1,410
1,269
2.1142
2.1099
2.0803
2.0398
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
Footnotes at end of Table FCP-X-3.
(3)
(6)
.. (14)
.
Section V - German Mark Positions
Table FCP-V-3. - Consolidated Monthly Bank Positions W
o
(In millions of German marks)
End
of
month
1977-Sept.
Maturity
Net
(1)
(2)
(3)
7,337
15,304
11,877
6,497
4,453
9.522
Demand/spot.............. .
3 days-1 month........... .
Over 1 month-3 months......
\Over 3 months-6 months.....
\0ver 6 months-1 year......
Over 1 year.............. .
Total of all maturities....,
7,354
14,761
13,731
6,499
4,380
9.717
56,442
1,090
57,532
Capital assets, liabilities,
1978-Jan.,
Balance sheet items
Liabilities
Demand/spot..............
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months....
Over 6 months-1 year......
Over 1 year..............
Total of all maturities.
Capital assets, liabilities,
Summary ((7) + (8))........
Summary ((7) + (8))........
Nov.,
Assets 19/
54,990
1.058
56,048
11,313
15,513
9,794
4,731
2,244
7.166
50,761
1,965
52,726
(6 )
-3,976
-209
2,083
1,766
2,209
2.356
15,921
16,382
20,045
14,256
10,745
4.601
15,236
18,357
21,833
4,229
-907
3,322
81,950
685
-1,975
-1,788
-624
820
32
-3,291
-2,184
295
1,142
3,029
4,800
-2,850
-2,850
1.379
-907
472
14,880
9,925
2.388
84,800
11,122
-1,897
-1,478
-958
1,084
4,217
-876
84,636
87,885
3,249
54,191
3,341
84,636
87,885
-3,249
10,843
14,258
14,941
4,085
2,307
7,188
-3,098
-1,085
532
2,375
2,678
2,114
17,431
21,820
15,389
12,32C
5,565
17,148
18,150
22,633
283
-1,342
-813
-2,815
-2,427
16,600
-
1,211
1,164
3,450
1,934
53,622
3,516
-766
9,333
91.824
-2.491
1.025
-766
-2V
Summary ((7) + (8)).......
58.415
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 mOnths-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
Capital assets, liabilities.
7,531
18,415
13,499
7,014
4,915
10,165
11,719
19,034
12,006
4,425
3,048
7,268
Summary ((7) + (8))........
62,654
Demand/spot...............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
7,781
15^912
15,172
7,291
4,860
9,727
Total of all maturities....
Capital assets, liabilities.
Summary ((7) + (8))........
60,743
1,109
61,852
58,402
Demand/spot ..............
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.....
Over 6 months-1 year.......
Over 1 year...............
Total of all maturities....
Captial assets, liabilities.
Summary ((7) + (8))........
o 207
16*959
1^288
-3,454
-1,574
2,322
2,173
2,088
2.662
89,333
91,824
6,155
19,160
20,920
15,770
6,735
22,342
16,349
14,166
13,168
4,039
79,704
18,261
12,112
5,116
3,748
5,811
57,336
1.185
"it
3,533
202
-202
11,548
5,745
2.750
20,618
772
-180
-580
-1,458
-
1,422
-579
998
-172
3,705
82,917
-3,213
-3,252
-3,471
844
1,215
3,172
2,460
968
-876
92
-2 81
259
-4,768
-2,077
71
2,010
2,865
2,725
826
-852
1.967
59,467
12,284
5,074
3,438
5,909
56.622
1,780
16,808
4.978
-4,188
-619
1,493
2,589
1,867
2,897
61,539
5,444
9,157
62,337
(5)
Net
overall
position 21/
(7)
14,296
18,695
22,725
16,069
,.2|043
55.665
57.138
1.277
Net
81,950
7,745
13,173
15,473
4,985
9,302
(4)
Foreim exchange contracts 20/
Sold
14,498
16,798
21,247
15,111
12,206
4.776
10,808
16,335
11,409
4,326
2,292
7.055
52,225
Demand/spot.............. .
3 days-1 month............
Over 1 month-3 months......
Over 3 months-6 months.... ,
Over 6 months-1 year.......
Over 1 year.............. .
Total of all maturities....,
Capital assets, liabilities,
6,460
Bought
3.187
79,704
82,917
-3,213
-26
-3,126
-3,098
15,204
17,589
21,759
16,588
14,510
3,731
15,103
19,028
101
-3,025
-4,537
1,022
2,444
3,764
2,888
2,217
1,422
3,818
89.381
23,286
17,906
13,488
3,785
92.596
-1,439
-1,527
-11318
-54
-3.215
-671
906
-671
3,450
89,381
92,596
-3,215
235
-2,991
19,567
17,861
20,792
16,919
19,^97
20,216
-430
-2,355
-3,421
-3,657
-
1,302
1,890
2,362
1,696
3,346
14,236
-848
21,640
18,130
-
1 ,2 1 1
3,7^9
13,514
3,736
5,001
93,154
97,233
722
43
-4,079
-606
”4,395
93,154
97,233
-4,079
I
1,042
1,151
2,418
3,389
922
IT T "
03
August 1978
131
_____ FOREIGN CURRENCY POSITIONS _ _ _ _ _
Section VI - Italian Lira Positions
Table FCP-VI-1. - Nonbanking Firms* Positions!/
Position
at end
of month
Short-term trade
Liquid
assets 2/
(1)
Sept.
Sept.
1977
1977
n.a.
n.a.
Sept.
1977
419,549
1977
1977
1977
1977
1977
1978
1978
n.a.
n.a.
Oct.
Nov.
Dec.
Dec.
Dec.
Jan.
Feb.
n.a.
n.a.
477,579
n.a.
n.a.
Other
assets 6/
Forward exchange 8/
Other
liabil
ities 2/
Short
term
debt 1/
(2)
Receiv
ables i j
(3)
(4)
(5)
(6)
(7)
n.a.
n.a.
2,849,647
182,881
1,488,143
14,727
2,028,373
48,840
1,901,536
29,267
40,329
63,721
3,032,528
1,502,870
2,077,213
1,930,803
104,050
149,114
185,112
3,078,168
167,502
3,245,670
156,830
151,390
16,012
11,138
47,521
50,615
1,940,337
48,904
1,989,241
51,437
/,9,?1Q
28,703
30,212
63,986
88,555
56,000
98,626
154,626
186),086
92,145
1,398,857
n.a.
n.a.
n.a.
n.a.
1,441,519
n.a.
n.a.
Pay
ables 5/
1,533,946
14,641
1,548,587
14,788
15,209
1,852,742
31,817
1,884,559
29,235
?0,124
Net
position 2/
Ex
change
rate 10/
(«)
259,325
67,511
326,836
(9)
393,038
80,936
(10)
882.42
882.42
882.42
69,088
87,870
58,193
91,585
474,192
63,722
Sold
Bought
359,047
95,490
454,537
■■"■n7;m2..
167,332
473,974
537,914
2,%i a
-42,026
878.16
876.71
870.32
870.32
870.32
866.83
852.51
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-VI-2. Weekly Bank Positions 11/
(In millions of Italian lire)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
(1)
n.a.
49,572
n.a.
49,190
42,385
42,702
37,068
46,136
(2)
n.a.
6,171
n.a.
5,115
8,786
3,207
11,928
3,299
38,644
41,740
44,477
43,959
69,206
64,305
61,324
86,065
n.a.
73,270
n.a.
75,799
n.a.
68,150
71,654
n.a.
67,172
6,654
4,026
6,234
5,638
2,333
2,100
5,227
8,828
n.a.
17,079
n.a.
25,603
n.a.
21,993
20,656
n.a.
9,546
Footnotes at end of Table FCP-X-3.
Net
(3)
44,676
43,401
46,982
44,075
33,599
39,495
25,140
42,837
31,990
37,714
38,243
38,321
66,873
62,205
56,097
77,237
72,005
56,191
67,611
50,196
68,186
46,157
50,998
49,762
57,626
Foreign
branch
net
(4)
102,021
88,262
91,038
105,010
131,219
99,503
68,552
111,886
102,749
112,116
74,466
72,955
97,362
59,257
92,350
89,044
89,799
93,121
114,624
111,571
125,128
149,641
101,302
106,264
110,672
Exchange contracts 13/
World
wide
net
(5)
146,697
131,663
138,020
149,085
164,818
138,998
93,692
154,723
134,739
149,830
112,709
111,276
164,235
121,462
148,447
166,281
161,804
149,312
182,235
161,767
193,314
195,798
152,300
156,026
168,298
Banks in U.S.
Bought
(6)
891,194
963,315
928,935
854,198
889,546
883,891
892,634
841,530
942,495
883,023
902,138
950,609
928,230
1,014,020
1,046,478
1,093,326
973,505
1,016,573
1,054,223
1,068,584
1,089,498
1,129,207
1,119,122
1,138,724
1,244,165
Sold
Net
(7)
(8)
-33,147
-62,988
-57,622
-42,789
-21,941
-39,537
-26,284
-41,618
924,341
1,026,303
986,557
986,987
911,487
923,428
918,918
883,148
972,770
922,524
946,595
981,130
989,363
1,062,793
1,095,704
1,157,051
1,043,642
1,074,376
1,126,267
1,121,101
1,171,938
1,196,257
1,211,535
1,209,370
1,312,468
-30,275
-39,501
-44,457
-30,521
-61,133
-48,773
-49,226
-63,725
-70,137
-57,803
-72,044
-52,517
-82,440
-67,050
-92,413
-70,646
-68,303
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States lf^/ branch
15/
(10)
(12)
(11)
(9)
83,436
-18,585 -51,732
11,529
51,212
-37,050 -100,038 -19,587
66,768
-24,270 -81,892 -10,640
1,286
-33,946 -76,735
71,064
11,658
91,906
-39,313 -61,254
-42
-28,109 -67,646
71,394
-27,518
67,318
-1,234
-1,144
-31,335 -72,953
80,551
1,219
-18,607 -48,882
1,715
84,142
80,602
-1,787
-31,514 -71,015
74,086
-380 -44,837
-6,214
87,206
7,800
14,251 -16,270
5,740
87,629
-9,733 -70,866
85,246
13,432
25,989 -22,784
-11,406 -60*632
6;§71
80,944
13,512
-13,571 -77,296
75,473
1,868
69,716
-20,083 -90,220
-1,612
36,530
-56,591 -114,394
64,578
-50,046 -122,090
-4,433
56,892
-2,321
-54,679 -107,196
59,124
-66,004 -148,444 -14,254
60,166
-89,475 -156,525 -20,893
37,427
-63,875 -156,288 -41,415
65,866
-40,398 -111,044 -20,884
70,640
-40,032 -108,335 -10,677
World
Exchange
wide 16/ rate 12/
(13)
94,965
31,625
56,128
72,350
103,564
71,352
66,174
81,770
85,857
78,815
67,872
95,006
93,369
98,678
87,815
88,985
71,584
34,918
60,145
54,571
44,870
39,273
-3,988
44,982
59,963
. (14)
882.22
884.66
882.81
883.78
881.45
881.64
880.67
879.51
877.67
879.89
877.96
877.39
876.71
876.14
872.89
874.70
873.74
867.68
872.22
874.51
866.27
867.30
865.05
857.82
852.33
132
Treasury Bulletin
______FOREIGN CURRENCY POSITIONS________
Section VII - Japanese Yen Positions
Table FCP-VII-1. - Nonbanking Firms* Positions y
Short-term trade
Position
at end
of month
Sept.
Sept.
Sept.
Oct.
Nov.
Dec.
Dec.
Dec.
Jan.
Feb.
Liquid
assets 2/
1977
1977
1977
1977
1977
1977
1977
1977
1978
1978
Short
term
debt 2/
(1)
(2)
187,293
42,623
229,916
n.a."
n.a.
293,550
737
294,287
n.a.
n.a.
n.a.
n.a.
274,948
82,551
93,674
n.a.
n.a.
286,716
1,475
2,593
Receiv
ables j j
Payables 5/
(3)
662,382
21,094
683,476
25,618
21,621
607,182
19,062
442,973
31,941
474,914
31,217
28,984
395,255
27,193
626,244
23,763
24,906
34,310
32,084
(4)
Other
assets 6/
Forward exchange 8/
Other
liabil
ities 2/
(5)
416,936
36,900
453,836
n.a.
n.a.
356,493
n.a.
n.a.
n.a.
n.a.
491,664
29,395
30,050
n.a.
n.a.
376,643
8,601
9,207
(6)
348,007
8,486
Bought
Sold
(7)
21,377
106,713
128,090
106,196
109,374
26,435
98,490
(8)
8,076
90,615
124,925
125,730
136,163
Net
position 2/
Ex
change
rate 10/
(9)
195,382
75,551
(10)
263.59
263.59
263.59
98,691
...
114,677
6,985
110,242
117,227
”"11S';075"
145,555
270,933
9l,3«r*
77,830
242,329
72,418
248.91
244.11
239.97
239.97
314,747
98,978 1
95,354
239.97
241.49
238.05
Pos it ions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table PCP-VII-2. - Weekly Bank Positions a /
(In millions of Japanese yen)
Exchange contracts 13/
Assets and liabilities 12/
Banks in U.S.
Date
Assets
Liabilities
Net
Foreign
branch
net
World
wide
net
Bought
Sold
Foreign
branch
netC9)
(7)
(8)
1,119,653
1,119,541
1,102,901
1,155,920
1,432,533
1,423,229
1,534,833
1,501,683
-18,253
-15,838
-19,259
-10,703
-32,073
-32,618
-26,826
-33,971
1,511,909
1;445,072
1,515,371
1,726,571
1,734,640
-21,467
-17,993
-27,380
-33,188
10,402
409,951 1,716,691
421,900 1,774,764
425,087 1,703,667
446,563 1,579,687
1,533,376
1*463*065
1,542,751
1,759,759
1,724,238
1,718,958
1,787,908
1,743,568
1,627,184
453,276
478,252
505,223
497,218
477,124
457,769
454,493
472,042
1,716,948
1,178,273
1,862,241
1,829,385
1,740,111
1,690,928
1,877,467
2,080,102
-31,783
-38,047
-30,277
-30,905
-12,620
-16,034
-16,161
-16,519
(1)
50,661
47,536
45,64146,602
60,571
64,789
70,883
65*715
(2)
20,857
2‘
*784
17,284
16,619
17,681
16,722
13,974
15,561
(3)
29,804
21,752
28,357
29,983
42,890
48,067
56,909
50,154
(4)
379,243^
383,002
398,972
379,762
381.042
386.043
379,255
376,544
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
68,380
49,615
62,931
66.760
48.760
28,354
25,997
26,207
25,945
26,925
40,026
23,618
36,724
40,815
21,835
381,379
387,032
399,000
400,854
375,905
(5)
409,047
404,754
427,329
409,745
423,932
434,110
436,164
426,698
421,405
410,650
435,724
441,669
-397,740
12/07/77
12/14/77
12/21/77
12/28/77
51,959
52,354
65,409
69,023
29,117
31,206
18,701
10,625
22,842
21,148
46,708
58,398
387,109
400,752
378,379
388,165
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
66,376
66,453
79,387
62,527
49,522
50,225
51,607
54,245
9,487
10,952
11,021
13,464
11.119
11.120
14,549
13,150
56,889
55,501
68,366
49,063
38,403'
39,105
37,058
41,095
396,387
422,751
436,857
448,155
438,721
418,664
417,435
430,947
(6)
1,685,165
1,680,226
1,831,964
1,798,480
1,727,491
1,674,894
1,861,306
2,063,583
j
World-
Net
1,101,400
1,103,703
1,083,642
1,145,217
1,400,460
1,390,611
1,508,007
1,467,712
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
Footnotes at end of Table FCP-X-3.
Banks in U.S.
net
(10)
Net position
United 1' Foreign
States 14/ branch
15/
(12)
(11)
-317,515
-325,604
-324,010
-316,852
-316,400
-327,637
-323,813
-330,300
-329,128
-338,715
-331,160
-342,450
-315,962
-335,768
-341,442
-343,269
-327,555
-348,473
-360,255
-350,639
-364,271
11,551
5,914
9,098
19,280
10,817
15,449
30,083
16,183
-350,595
-356,708
-358;540
-375,638
-305,560
-2,267 -329,715
-13,144 -336,874
-39,901 -320,046
-47,497 -320,674
-337,257
-361,584
-377,596
-382,944
-378,478'
-358,570
-361,389
-370,924
World Exchange
wide 16/ rate Y j/
(13)
(14)
73,279
63,312
84,060
82,190
75,459
73,855
85,525
62,427
266.92
266.92
266.95
266.67
260.86
256.57
255.50
251.52
18,559
5,625
9,344
7,627
32,237
61,728
57,398
74,962
62,910
64,642
58,406
55,442
46,244
52,251
48,317
67,840
58,404
59,943
70,810
53,942
77,184
66,031
92,180
-331,982
-350,018
-359,947
-368,171
20,575
8,004
6,807
10,901
57,394
63,878
58,333
67,491
77,969
71,882
65,140
78,392
247.59
247.28
245.28
240.04
244.11
241.52
238.07
241.49
240.18
-369,040
-399,631
-407,873
-413,849
-391,098
-374,604
-377,550
-387,443
25.106
17,454
38,089
18,158
2^,783
23,071
20,897
24,576
59,130
61,167
59,261
65,211
60,243
60,094
56,046
60,023
84,236
78,621
97,350
83,369
86,026
83,165
76,943
84,599
243.01
240.07
242.32
240.91
241.69
241.53
240.49
238.89
Section VII - Japanese Yen Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions 18/
(In millions of Japanese yen)
Worldwide
End
of
month
1977-Sep t
Maturity
(1) Demand/spot............................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(4) Over 3 months-6 months.................
(6)
(7)
(8)
(9)
Over 1 year............................
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(4) Over 3 months-6 months.................
(5) Over 6 months-1 year...................
(7) Total of all maturities................
(8) Capital assets, liabilities........... .
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
2,436,399
_
2,436,399
2,753,960
-317,561
82,034
152,586
397,748
857,302
103,673
29,223
27,860
1,568,392
399,993
354,652
310,680
54,764
21,048
11,582
-247,407
43,096
546,622
48,909
8,175
16,278
367,303
475,275
959,847
655,349
223,839
26,960
2,708,573
_
-2,487
-127,811
-83,237
-108,700
-28,053
-2,900
-353,188
_
-249,894
-84,715
463,385
-59,791
-19,878
13,378
415,673
-3,378
369,790
603,086
1,043,084
764,049
251,892
29,860
■ 3,061,761
-
412,295
2,708,573
3,061,761
-353,188
-266,397
302,426
313,386
53,564
15,545
16,794
435,318
-3,590
431,728
458,961
705,324
935,83C
777,755
219,499
28,094
3,125,463
476,899
758,698
1,075,856
874,080
255,257
28,609
3,469,399
-17,938
-53,374
-140,026
-96,325
-35,758
-515
-343,936
3,125,463
3,469,399
-343,936
238,450
17,062
-113,977
-112,795
-127,092
-27,382
-5,374
-369,558
414,337
235,055
428,736
64,809
19,506
11,962
1,609,723
34,272
1,174,405
37,862
1,212,267
32,981
194,975
503,627
796,091
136,034
19,199
25,911
1,675,837
35,128
1,710,965
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months........... .....
Over 6 months-1 year...................
Over 1 year............................
160,035
460,512
843,462
134,359
24,330
28,606
(7) Total of all maturities............. .
(8) Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Demand/sDot............................
3 days-1 month.........................
Over 1 month-3 months...................
Over 3 months-6 months.................
Over 6 months-1 year...................
Over 1 year............................
-Feb..... (1)
(2)
(3)
(4)
(5)
(6)
Total of all maturities......
(8) Captial assets, liabilities...........
(90 Summary ((7) +(8))....................
-171,456
4,667
250,947
16,019
-22,703
12.255
89,729
-7,695
-7,695
399,595
147,940
537,481
742,122
118,373
35,051
28,756
1978-Ja...... n (1)
(2)
(3)
(4)
(5)
(6)
29,084
-112,589
-148,807
-51,73;
-26,689
-6,827
-317,561
_
40,124
1,233,690
(3) Over 1 month-3 months..................
(4) Over 3 months-6 months.................
(7) Total of all maturities.................
(8) Capital assets, liabilities...........
(6)
32,429
1,633,285
1,601,373
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(4) Over 3 mOnths-6 months.................
(5)
Net
overall
position 21/
(7)
437,150
691,897
742,322
591,368
260,458
30,765
2,753,960
_
1,643,995
Dec.....
Net
-200,540
117,256
399,754
67,752
3,986
19,082
407,290
^
(9) Summary ((7) + (8))....................
(6) Over 1 year............................
(7) Total of all maturities................
(8) Capital assets, liabilities.............
(4)
Foreign exchange contracts 20/
Sold
367,279
312,483
431,093
55,740
21,036
5,935
1,193,566
166.739
429.739
830,847
123,492
25,022
25,017
1,600,856
1,152,719
36,359
1,189,078
Nov.....
Bought
408,774
&
64,669
14,246
12,099
1,226,255
35,746
1,262,001
-213,799
72,843
500^408
71,365
4,953
13,812
449,582
-618
448,964
466,234
579,308
593,515
539,635
233,769
23,938
255,512
780,433
945,371
660,995
212,517
22,152
2,876,980
2,876,980
1,05^^66
788,087
239,899
27,526
3,246,538
3,246,538
-369,558
-284,335
249,052
173,360
-42,761
-20,213
16,279
91,382
-3,590
87,792
-196,737
3^1613
-55,727
-22,429
8,438
80,024
-618
79,406
389,159
644,655
1,168,631
635,721
261,527
18,409
3.118.102
395,407
763,640
1,297,258
744,613
280,512
21,561
-6,248
-118,985
-128,627
-108,892
-18,985
-3,152
1,651,304
30,747
-250,194
177,877
445,321
72,731
9,085
18,897
473,717
-1,032
3,502,991
_
-
-384.889
-
-256,442
58,892
316,694
-36,161
-9,900
15,745
88.828
-1,032
1,682,051
1 ,209,366
472,685
3,118,102
3,502,991
-384,889
87,796
184,232
537,893
810,415
133,310
32,585
28,930
462,581
350,687
366,020
53,097
14,722
9,250
-278,349
187,206
444,395
80,213
17,863
19,680
474,394
792,265
1,102,506
786,608
318,686
17,886
459,908
14,486
-263,863
1,727,365
30.073
1,757,438
1,256,357
32.034
1,288,391
471,008
-1,961
469,047
3,492,345
0
3,492,345
-113,883
-137,896
-149,586
-3,899
-3,987
3,887,110
0
3,887,110
-394.765
0
-394.765
00
62,48*
-3,378
59,107
410,229
282,635
398,141
61,628
15,245
9,709
1,177,587
31,779
906,14«
1,240,402
936,194
322,585
21,873
K4
vo
73,323
306,499
-69,373
13,964
15,693
76.243
J '061
74,282
u>
134
Treasury Bulletin
_____ FOREIGN CURRENCY POSITIONS__________
Section VIII - Swiss Franc .Positions
Table FCP-VIII-1. - Nonbanking Firms' Positions 1/
(In millions of francs)
Short-term trade
Position
at end
of month
Sept.
Sept.
Sept.
Oct.
Nov.
Dec.
Dec.
Dec.
Jan.
Feb.
1977
1977
1977
1977
1977
1977
1977
1977
1978
1978
Liquid
assets 2/
*
(1)
1,600
277
1,877
277
299
l,563r
^9L
l,957r
391
493
Short
term
debt 2/
(2)
1,067
1.202
2,269
1,221
1,236
957r
1.909
2,166r
1,309
1,346
Receiv
ables i j
Pay
ables 5/
(3)
1,718
56
1,774
55
56
1,601
46
1,647
45
45
U)
970
219
1,189
212
221
870r
242
l,112r
207
230
Forward exchange 8/
Other
assets 6/
Other
liabil
ities 2/
Bought
(5)
3,720
473
4,193
448
429
3,926r
477
4,403r
479
500
(6)
4,697
3.310
8,007
3,248
3,292
4,151r
3,182
7,333 r
3,053
2,999
(7)
442
474
916
586
635
473
792
l,265r
857
944
Net
position 2/
Sold
(8)
361
161
522
143
230
373
206
579
230
261
Ex
change
rate 10/
(9)
385
-2,612
-3,227
1 - T , W “
-3,560
l,212r
-3,310
-l,918r
-3,027 1
-2,854
(10)
2.3471
2.3471
2.3471
2.2297
2.1598
1.9914
1.9914
1.9914
1.9792
1.8232
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-VHI-2. - Weekly Bank Positions n /
(In millions of Swiss francs)
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
Sold
Net
Foreign
branch
net
Net position
World
wide
net
United
Foreign
States IJjj branch
15/
(12)
(11)
161
158
-148
409
-187
293
-116
497
(3)
155
153
129
112
(4)
(5)
368
330
351
453
2,219
2,299
2,020
2,437
2,374
2,452
2,149
2,549
(6)
13,270
13,007
14,107
15,259
13,586
13,308
14,423
15,487
(8)
-316
-301
-316
-288
(9)
-2,061
-1,890
-1,727
-1,940
-2,377
-2,191
-2,043
-2,168
424
393
401
428
403
462
380
342
21
-69
21
86
2,463
2,522
2,646
2,673
2,484
2,453
2,667
2,759
14,457
14,326
14,255
14,599
14,707
14,288
14,180
14,594
-250
38
75
5
-1,981
-2,204
-2,314
-2,341
-2,231
-2,166
-2,239
-2,336
-229
-31
96
91
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
390
409
408
468
466
321
349
339
343
441
69
60
69
125
25
2,901
2,980
3,133
2,928
2,955
2,970
3,040
3,202
3,053
3,020
14,973
13,548
13,965
14,465
15,193
14,867
13,716
14,188
14,686
15,303
106
-168
-223
-221
-110
-2,575
-2,546
-2,702
-2,546
-2,500
-2,469
-2,714
-2,925
-2,767
-2,610
12/07/77
12/14/77
12/21/77
12/28/77
605
597
646
671
393
406
474
524
212
191
172
147
2,923
3,184
3,273
3,250
3,135
3,375
3,445
3,397
14,805
13,992
14,332
13,536
15,097
14,277
14,628
13,817
-292
-285
-296
-281
-2,482
-2,744
-2,846
-2,782
1/04/78
1/11/78
1/18/78
1/25/78
606
643
619
568
561
561
675
599
45
82
-56
-31
3,118
2,926
2,840
2,716
3,163
3,008
2,784
2,685
14,648
15,002
15,864
15,214
14,795
15,263
16,077
15,352
-147
-261
-213
-138
2/01/78
2/08/78
2/15/78
2/22/78
667
527
623
476
593
571
751
606
74
-44
-128
-130
2,728
2,867
2,755
2,672
2,802
2,823
2,627
2,542
15,065
14,675
16,230
15,765
15,370
14,862
16,356
15,839
-305
-187
-126
-74
9/07/77
9/14/77
9/21/77
9/28/77
(1)
523
483
480
565
10/05/77
10/12/77
10/19/77
10/26/77
(2)
Foob^oues at end of Table FCP-X-3.
(7)
(10)
World
Exchange
wide 16/ rate 17/
(13)
-3
261
106
381
(14)
2.3819
2.3878
2.3627
2.3532
483
318
332
332
253
287
428
423
2.3351
2.3007
2.2792
2.2361
175
-108
-154
-96
-85
326
434
431
382
495
501
326
277
286
410
2.2190
2.2620
2.2090
2.1869
2.1598
-2,774
-3,029
-3,142
-3,063
-80
-94
-124
-134
441
440
427
468
361
346
303
334
2.1195
2.0775
2.0296
2.0243
-2,529
-2,327
-2,395
-2,007
-2,676
-2,588
-2,608
-2,215
-102
-179
-269
-169
487
420
176
470
2.0253
1.9704
2.0115
1.9568
-2,148
-2,382
-2,112
-2,285
-2,453
-2,569
-2,238
-2,359
-231
-231
-254
-204
589
599
445
639
580
485
643
387
349
254
389
183
1.9851
1.9643
1.9139
1.8271
Section VIII - Swiss Franc Positions
Table FCP-VIII-3. - Consolidated Monthly Bank Positions
W
(In millions of Swiss francs)
o5
Worldwide
End
of
month
Maturity
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
1,4a
3,396
3,669
-65
-246
221
2,041
873
12,837
1977-Sept.... (1) Demand/spot............................
(3) Over 1 month-3 months..................
(4-) Over 3 months-6 months.................
(6)
(7)
(8)
(9)
Over 1 year............................
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
3,150
3,890
1.508
15.762
257
Oct....
(2)
3 days-1 month................... .....
2,825
513
13,350
1,374
3,360
(4-) Over 3 months-6 months.................
(5) Over 6 months-1 year...................
(7) Total of all maturities................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
Nov..... (1)
(2)
(3)
(4-)
(5)
(6)
(7)
(8)
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months........... .
Over 3 months-6 months.................
Over 6 months-1 year............... .
Over 1 year............................
Total of all maturities................
Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Dec.... (l)
(2)
(3)
(4.)
(5)
(6)
Demand/spot......................... .
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 mOnths-6 months.................
Over 6 months-1 year................ .
Over 1 year........................ .
(7) Total of all maturities................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
1978-Jan.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot............................
3 days-1 month.................... .
Over 1 month-3 months................. .
Over 3 months-6 months.............. .
Over 6 months-1 year............. .....
Over 1 year............................
Total of all maturities................
1.417
15,946
254
16,200
1,205
3,298
5,399
4,277
1,208
1,532
16,919
262
17,181
1,239
3,786
4,259
1,363
1,565
I6,6l8r
263
1£
Id *col1,443
3,634
4,986
4,086
1,491
1.159
815
13,100
516
13,616
1,037
4,202
3,999
2,666
1,141
843
13,888
Foreign exchange contracts 20/
Sold
Net
(4)
(5)
(6)
A yK
no^
'O
J'yy
6,719
5,964
8,522
Bought
Net
overall
position 21/
(7)
-624
001
_T
O
- r(h
-286
635
2,925
-256
5,475
7,748
7,935
1,917
1,477
30,647
_
1,959
1,652
33,037
_
-175
-2,390
_
2,669
30,647
33,037
-2,390
n
—O
7/
A
-689
—Hoy
_<5<5'3
4,563
6,974
8,916
71;770
QQA
9 10/
1,616
29,924
_
32,259
-
-2,335
_
2,584
29,924
32,259
-2,335
249
168
-904
1,400
1,611
67
689
3,031
-262
6,466
6,829
8,354
6,807
2,620
1,687
6,516
7,400
9,918
7,142
2,597
1,818
118
-1,475
-164
1,276
90
558
32,763
35,391
-50
-571
-1,564
-335
23
-131
-2,628
_
-1,349
-587
Q
— J-7
-137
403
-262
524
14,412
2,769
32,763
35,391
-2,628
141
1,101
4,118
3,415
2,628
1,050
920
13,232
138
-332
QQ1
77J.
1,631
313
645
3,386
3,654
6,250
9 962
5 607
3*009
938
29,420
4,403
7,634
10,591
6,218
2,769
971
-749
-1,384
-629
-611
240
-33
-3,166.
530
-267
_
-611
-1,716
362
1,020
553
612
220
-267
-
-
-3,166
-47-
-497
-1,139
-691
-729
349
10
-2,697
-310
-1,386
213
497
651
71Z.
379
-266
29,420
32,586
1,256
3,881
4,082
2,860
1,189
955
14.223
526
14,749 ,
1,255
3,298
4,258
2,657
1,316
1,048
13,832
187
-247
904
1,226
302
704
3,076
-266
2.810
21
-304
532
1,485
I84
600
2,518
5,602
6,360
10,214
5,481
3,929
959
32,545
6,099
7,499
10,905
6,210
3,580
9Z.9
35,242
-
-
32,545
7,025
7,508
7,591
6,080
3,992
1,028
35,242
7,716
7,690
8,377
6,989
3,501
1,075
35,348
-2,697
... -691
-182
-786
-909
491
-47
-2,124
'
(7) Total of all maturities................
17.299
260
17.559
1,276
2,994
4,790
4,142
1,500
1,648
16,350
(8) Capital assets, liabilities............
259
519
-260
_
_
_
-260
(9) Summary ((7) + (8))....................
16,609
14,351
2,258
33,224
35,348
-2,124
134
(8) Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
Feb....
(4) Over 3 months-6 months.................
33,224
^1
00
-15
-1,884
irfJ
on
X
1 AAA
JXJ.
465
511
-262
4,645
5,625
A ^90
7( yA7T
D (Jp 17<5
1,479
3.119-
*
535
-256
970
(7
-9.P9
777
(ft
1,769
oon
602
2.846
-262
13.762
k
VO
907
671
460
AO
32,586
*
**
..
"" ..
113
-670" —
-486
-254
576
675
553
394
Vil
Treasury Bulletin
136
_____ FOREIGN CURRENCY POSITIONS________
Section DC - Sterling Positions
Table FCP-DC-1. - Nonbanking Finns’ Positions 1/
(In millions of pounds)
Short-term trade
Position
at end
of month
Sept.
Sept.
Sept.
Oct.
Nov.
Dec.
Dec.
Dec.
Jan.
Feb.
1977
1977
1977
1977
1977
1977
1977
1977
1978
1978
Short
term
debt 2/
(2)
l,819r
139
l,958r
99
95
1,861
136.
1,997
69
88
Liquid
assets £/
(1)
1,026
66
1,092
105
89
l,124r
89
l,213r
„
61
61
Receiv
ables i j
Pay
ables 5/
(3)
(4)
2,930r
186
3,116r
166
187
3,174r
198
3,372r
3,882
214
4,096
229
235
4,177r
229
4,406r
217
218
Other
assets £/
Other
liabil
ities 2/
(5)
5,662
351
6,013
325
322
5,629r
330
5,959r
(6)
4,199
338
4,537
330
325
4,409r
296
4,705r .
337
344
298
302
*173
170 •
Forward exchange 8/
Net
position 2/
Sold
Bought
(7)
244r
1.127
l,371r
2,141
1,174
414
1,165
1,579
1,123
1,235
(8)
229
1,085 r
l,314r
1,094
1,099
245
1.118
1,363
1,076
1,166
Ex
change
rate 10/
(9)
l,637r
10
l,647r '
(10)
1.7476
1,7476
1.7476
1,111 *
114
l,655r
65
lj720r
1.8450
1.8172
1.9194
1.9194
1.9194
122
132
1-9508
1.9410
Positions
held by
offices in:
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
United States
United States
Table FCP-DC-2. - Weekly Bank Positions n /
(In millions of pounds)
Assets and liabilities 12/
Banks in U»S.
Date
Assets Liabilities
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10A2/77
10A9/77
10/26/77
(1)
95
99
118
112
108
109
106
111
(2)
30
24
17
18
17
17
12
30
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/Tt
12/21/77
12/28/77
126
123
95
102
85
102
86
113
97
40
38
25
33
33
34
35
24
30
1/04/78
1/11/78
1/18/78
1/25/78
86
91
101
76
20
32
2/01/78
2/08/78
2/15/78
2/22/78
96
96
88
91
Net
(3)
65
75
101
94
91
92
94
81
86
85
70
69
52
68
51
89
67
(4)
-190
-189
-92
-96
-108
5
76
115
168
91
59
91
74
92
-19
20
23
(5)
-125
-114
9
-2
-17
97
170
196
72
90
138
149
181
83
133
76
177
140
23
30
66
59
78
46
103
37
45
40
43
39
51
56
45
52
82
20
132
88
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
Foreign
branch
net
World
wide
net
254
176
129
160
126
160
32
109
90
Banks in U.S.
Bought
Sold
(6)
8,963
9,339
9,127
9,032.
9,337
9,007
9,564
10,0149,948
9,509
9,345
9,474
9,431
9,318
9,293
8,948
8,751
(7)
8,968
9,297
9,194
9,089
9,3849,080
9,627
10,0a
9,982
9,576
9,446
9,554
9,485
9,380
9,353
9,058
8,802
m
m
8,659
8,422
8,758
8,481
8,367
8,484
8,522
8,331
8,476
8,596
8,661
8,446
Net
(8)
-5
42
-67
-57
-47
-73
-63
-27
-34
-67
-101
-80
-54
-62
-60
-110
-51
Net position
Foreign
branch
net
World
wide
net
(9)
247
281
163
154
183
42
-15
-47
-100
-35
12
-52
-16
(10)
242
323
96
97
136
-31
-78
-74
-40
57
3
6
-134
-102
-89
-132
-70
-102
-3
-107
-45
United
Foreign
States Uu braneh
W
(11)
60
117
34
37
(12)
57
92
71
58
44
19
31
54
52
18
-31
-11
-2
75
47
61
68
68
56
71
39
58
6
-9
-21
16
52
38
23
29
a
-4?
32
-99
-59
-109
-112
-139
-115
-41
-5
-140
-64
-21
-13
52
38
62
32
-83
-35
-103
-84
-192
-147
-242
-199
-58
-56
-94
-63
-1
-15
29
4
World
Exchange
wide 16/ rate 17/
(13)
117
209
105
95
119
66
92
122
120
74
40
28
56
58
29
2
45
(14)
1.7428
1.7442
1.7435
1.7447
1.'7570
1.7627
1.7670
1.7776
96
53
41
19
-59
-71
-65
-59
1.8801
1.9429
1.9264
1.9539
1.9493
1.9320
1.9365
1.9467
1.8359
1.8041
1.8192
1.8182
1.8172
1.8278
1.8474
1.8769
1.8968
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions is/
fin millions of pounds)
Worldwide
End
of
month
Maturity
Assets 19/
(1)
1977-Sept.. (l)
(2)
(3)
(4)
Demand/spot................ ........ .
3 days-1 month.........................
Over 1 month-3 months............ .....
Over 3 months-6 months................ .
(6)
(7)
(8)
(9)
Over 1 year...................... .....
Total of all maturities................
Capital assets, liabilities............
Summary ((7) + (8))....................
(2) 3 days-1 month.........................
(4) Over 3 months-6 months.................
(5) Over 6 months-1 year................ .
(7) Total of all maturities................
(8) Capital assets, liabilities.............
Nov.... (1)
(2 )
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............. ........... .
3 days-1 month.........................
Over 1 month-3 months................. .
Over 3 months-6 months................ .
Over 6 months-1 year...,.............. .
Over 1 year............................
Total of all maturities............ .
Capital assets, liabilities.............
(2 )
(3)
(5)
(6)
Net
overall
position £1/
(7)
-202
-746
148
170
295
439
35
11
19,318
-
69
104
11
7,323
46
19,387
19,318
69
115
2,227
1,849
1,530
906
464
313
-430
-149
-151
179
233
629
2,443
3,967
6,415
4,698
2,585
822
7,289
337
7,626
311
-11
300
20,930
2,419
4,084
6,363
4,580
2,596
1,074
21,116
24
-117
52
118
-11
-252
-186
20,930
21,116
-186
-406
-266
-99
297
222
377
125
-11
1,621
1,571
1,381
1,149
691
1,009
2,086
1,733
1,757
871
560
265
-465
-162
-376
278
131
744
2,267
4,449
5,880
4,623
2,741
981
2,360
4,372
5,782
4,603
2,728
1,226
-93
77
98
20
13
-245
7,422
JLPU
20,941
-JTL<Oc
138
7,056
313
7,369
7,021
302
1,797
1,700
1,379
1,085
697
942
7,600
326
7,926
Demand/spot............................
3 days-1 month................ .
Over 1 month-3 months..... .............
Over 3 mOnths-6 months.............. .
Over 6 months-1 year...................
Over 1 year........................ .
1,826
2 057
1,887
1,155
771
950
8,232
1 978
*839
516
316
8,122
162
ft “
3Q/
157
5
8,279
115
-231
-773
-91
316
255
634
110
i1,m(Lo
d
1 422
1^549
921
744
966
1,893
2,138
1,560
727
522
306
— 1JL(0
-'716
-11
194
222
660
7.320
181
7.501
1,789
1^699
1,498
819
680
1 000
7,485
208
7,146
168
7.314
174
(8) Capital assets, liabilities.............
(9) Summary ((7) + (8))....................
2,012
0Ly1X1
111
J
1 557
828
M 1
Jll
288
7,307
194
7,693
7,501
(7) Total of all maturities................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
(4)
Net
70
-52
116
137
9
-211
-272
-694
32
33
286
650
7,782
3 days-1 month.........................
Over 1 month-3 months..................
Over 3 months-6 months.......... ......
Over 6 months-1 year................ .
Over 1 year......................... .
Foreign exchange contracts 20/
Sold
1,788
3,431
6,165
4,651
2,376
907
1,863
2,081
1,544
846
385
302
Demand/spot............................
3 days-1 month...........................
Over 1 month-3 months............ .....
Over 3 months-6 months.................
Over 6 months-1 year.... .............. .
Over 1 year............................
Total of all maturities............. .
(2)
(3)
(4)
(5)
(6)
Bought
1,858
3,379
6,281
4,788
2,385
696
19,387
-
1,591
1,387
1,576
879
671
952
(8))....................
+
(7) Total of all maturities................
(8) Capital assets, liabilities...... ......
(9) Summary ((7) + (8))............... .
1978-Jan.... (1)
(2)
(3)
(4)
(5)
(6)
(7)
Net
7,272
372
7,644
(9) Summary ((7)
Dec..., (l)
(2)
(3)
(4)
(5)
(6)
Balance sheet items
Liabilities
13
187
*412
-59
169
•74 0
178
14
192
-
-
01
-
on
c\j
rv 71
10
m.
20,941
21,071
114
-558
-85
-278
298
144
499
8
-130
l,695r
3,972r
5,542r
4,393r
2,840
410
18,852r
18,852r
18,921r
2 100
3*872
5,393
4,190
2,923
473
18,951
-
5,286
4,284
2,890
724
19,106
_
53
107
-94
33
-251
-155
-
18.951
19.106
-155
2,037
3,793
5,015
4,456
2,868
485
18,654
2,207
3,554
5,007
4,556
2,936
730
18,990
-170
239
8
-100
-68
-245
18,654
-
-336
-
-393
-173
-51
-109
101
467
-158
14
18,990
-336
-144
l,677r
3,917r
5,477r
4,339r
2,812
MQ
18,92lr
-
m
18r
55r
65r
54r
-213r
-718r
-26r
-2$f
-69r
-
345
41r
5
-69r
w
46r
-M
96
100
255
409
19
13
32
K*
VO
"Vl
00
138
Treasury Bulletin
_______________ FOREIGN CURRENCY POSITIONS_______________
Section X - United States Dollar Positions Abroad
Table FCP-X-1. - Nonbanking Firms' Foreign Subsidiaries’ Positions
(In millions of United States dollars)
Position
at end
of month
Sept.
Dec.
Liquid
assets 2/
1977.....
1977.....
Short
term
debt 2/
Short-term trade
Receiv
able 4/
(1)
(2)
(3)
6,163
6,459
3,919r
8,556
4,463
8,867r
Pay
ables j>/
(4)
13,093r
13,332r
Other
assets 6/
Other
liabili
ties 2/
(6)
(5)
8,920
9,585r
13,540r
14,222r
Forward exchange 8/
Bought
Sold
(7)
(8)
l,824r
2,215r
Net
position 2/
(9)
910
1,182
Table FCP-X-2. - Weekly Bank Foreigif Office Positions
(In millions of United States dollars) ML
Date
9/07/77
9/14/77
9/21/77
9/28/77
10/05/77
10/12/77
10/19/77
10/26/77
11/02/77
11/09/77
11/16/77
11/23/77
11/30/77
12/07/77
12/14/77
12/21/77
12/28/77
1/04/78
1/11/78
1/18/78
1/25/78
2/01/78
2/08/78
2/15/78
2/22/78
Footnotes at end of Table FCP-X-3
Net
assets and
liabilities 12/
Net
exchange
contracts 13/
(1)
(2)
-2,887
-2,727
-2,789
-3,004
-2,884
-3,170
-3,325
-3,275
-3,318
-3,911
-3,686
-3,867
-3,565
-3,100
-3,507
-3,729
-3,948
-3,550
-3,642
-3,599
-3,548
-3,482
-3,267
-3,367
-3,617
Net
position
(3)
3,083
3,000
2,919
3,056
196
273
130
52
-2,885
3,161
3,374
3,425
3,382
3,960
3,747
3,723
3,442
3,284
3,527
3,840
4,123
3,320
3,549
3,549
3,378
1
-9
49
150
3,514
3,602
3,543
3,757
64
49
61
-144
-123
184
20
111
175
-230
-93
79
-170
32
335
176
140
-5,999r
-6,073r
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions is/
(In millions of United States dollars)
Worldwide
End
of
month
Maturity
Assets 12/
Foreign exchange contracts 20/
Sold
Net
(5)
(6)
Net
overall
position 21/
(7)
(3)
(4)
-6,807
-12,360r
1,153
9,251
1,685
4,171
-2,907r
10,136r
15,455r
I8,378r
15,266r
7,230r
1,591
68,056r
-3,144**
-11,398
-7,711
233
9,649r
1,744
4,011
-3,472r
306
28,686
42,902
44,102
25,972r
7,196
5,610
154,468r
582
151,298
155,050r
-3,752r
72,875r
69.197r
3,678r
-74**
19 959
32*775
46,237
35,843
8,593r
9,970
153,387
30 295
4o|828r
45,171r
27,539r
7,385
5,878
157,096r
-10,326
-8*053**
l,066r
8,304**
1,208
4,092
-3,709r
12,706
I6,580r
22,519r
I6,948r
8,872r
1,943
79,568r
12,724
15,7l6r
20,895r
15,793**
9,393**
1,459
75,980r
-10,344
-7,l89r
2,690r
9,459r
687r
4,576
339
153,726
653
157,749r
-314
-4,023r
(1) Demand/spot............................
(2) 3 days-1 month.................... .
(3) Over 1 month-3 months..................
18 204
34*898
47,094
35,264
8,541
9,762
(7) Total of all maturities................
(8) Capital assets, liabilities............
153,763
28,367
46,653r
42,701r
26,580
7,792
5,522
157,615r
-10,163
-ll,755r
4,393**
8,684
749
4,240
-3,852r
345
154,108
611
158,226r
-266
-4,H8r
19 270
35,*121
48,607
33,755
9,249
9,553
155,555
221
155,776
27 825
44^729
47,674
24,729
8,773
5,681
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
(2) 3 days-1 month.........................
(3) Over 1 month-3 months..................
(5) Over 6 months-1 year...................
(8) Capital assets, liabilities............
(9) Summary ((7) + (8))....................
Feb..... (1) Demand/spot................... ....... .
17 288
35,191
44,335
35,621
8,940
9,621
150,996
-237
-280
54r
1,211
984
673
-546
456
2,832r
-
68,056r
65,224r
2,832r
9,868
I6,596r
20,821r
I6,086r
7,831**
1,673
72,875r
9,990
14,688r
19,941**
14,987r
8,472
1,119
69,197r
-122
l,908r
800r
l,099r
-641r
554
3,678r
-
-
-
-
-6,753r
-ll,149r
2,137r
9,924**
l,139r
4,627
-75r
-237
-312r
-11,520
-5,803r
1,113**
10,748r
l,103r
4,565
206r
-280
79,568r
75,980r
-18
864r
l,624r
l,155r
-521r
484
3,588r
3,588r
6,908r
I8,367r
20,664r
I6,200r
9,142r
1,694
72,975r
_
6,631
17,059r
19,315r
15,296r
9,735r
1,204
69,240r
277r
l,308r
l,349r
904
-593r
490
3,735r
-9,886r
-10,447r
5,742r
9,588
156r
4,730
-117r
72,975r
69,240r
3,735r
-266
-383r
11 468
18*346
20,861
16,989
10,308
1,657
79,629
11,583
17,215
19,777
15,585
10,713
1,232
-115
1,131
1,084
1,404
-405
425
3,524
-
-8,670
-8,477
2,017
10,430
71
4,297
-332
-291
159,923
-8 555
-9*608
933
9,026
476
3,872
-3,856
-291
-4,147
79,629
76,105
3,524
-623
18,538
36,260
48,605
31,903
9,300
10,428
155,034
254
29,511
44,649
45,362
24,299
9,578
5,416
158,815
551
-10,973
-8,389
3,243
7,604
-278
5,012
-3,781
-297
14,209
17,110
21,658
17,487
10,531
1,749
82,744
14,152
16,203
20,214
16,242
10,876
1,323
79,010
57
907
1,444
1,245
-345
426
3,734
-
-
-
-10,916
-7,482
4,687
8,849
-623
5,438
-47
-297
155,288
159,366
-4,078
82,744
79,010
3,734
-344
159,411
512
-
-
-
76,105
-
-121r
-314
-435r
POSITIONS.
Demand/spot............................
3 days-1 month.........................
Over 1 month-3 months................. .
Over 3 months-6 months.................
Over 6 months-1 year.................. .
Over 1 year...................... .....
Total of all maturities................
151,617
10,082
14,244r
17,394**
14,593
7,776
1,135
65,224r
-
CURRENCY
1978-Jan..... (1)
(2)
(3)
(4)
(5)
(6)
(7)
19 909
34,225
47,348
31,793
8,311
9,710
151,296
321
.FOREIGN
Nov...... (1) Demand/spot..... ....... ...... ..... .
Dec
Bought
(2 )
(6) Over 1 year............................
Oct
Net
26 716
46,585r
46,195
22,542
6,626
5,539
154,203r
558
154,761r
(1 )
1977-Sept
Balance sheet items
Liabilities
140
Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
SECTION I
1/
Worldwide net positions on the last business day of the
6/
All current assets other than liquid assets and short
calendar quarter of nonbanking business concerns in the
term trade receivables, and financial assets maturing in
United States and their foreign branches and majority-
more than one year from the report date.
owned
intracompany accounts, inventories, prepayments, long
partnerships
and
subsidiaries.
Excludes
Includes
receivables and installment paper which have been sold
term trade receivables, long-term intracompany claims,
or discounted before maturity, U.S. parent companies'
and stocks, bonds, and other securities.
investment in their majority-owned foreign subsidiaries,
(plant
fixed
majority-owned foreign subsidiaries
assets
(plant and equipment)
and
capitalized
and
equipment)
and
parents'
Fixed assets
investment
in
are excluded.
leases for plant and equipment.
]_/
2/
All financial liabilities other than short-term debt and
Foreign branches and majority-owned partnerships and
short-term trade payables; includes long-term trade pay
subsidiaries only.
ables; intracompany liabilities, accrued expenses, and
Weekly worldwide net positions of banks and banking
report date.
institutions in the United States, and their foreign
excluded.
liabilities maturing in more than one year from the
branches
and
majority-owned
foreign
Capitalized plant and equipment leases are
subsidiaries.
8/
Excludes capital assets and liabilities.
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
4/
Foreign branches and majority-owned subsidiaries only.
5/
Monthly worldwide net positions including capital assets
Excludes spot exchange.
9/
banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
6/
10/
Representative rates on the report date.
Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
Foreign branches and majority-owned subsidiaries only.
SECTIONS II THROUGH X
Columns (1),(3),(5), and (7) less columns (2),(4),(6),
and (8).
and liabilities on the last business day of the month of
foreign units per U.S. dollar.
11/
Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1/
Positions of nonbanking business concerns in the United
In section X, foreign branches and majority-owned sub
States and their foreign branches and majority-owned
sidiaries only.
partnerships and subsidiaries.
In section X, positions
12/
Excludes capital assets and liabilities.
13/
Includes both spot and forward exchange contracts.
14/
Sum of columns (3) and (8).
15/
Sum of columns (4) and (9).
16/
Sum of columns (5) and (10).
loans,
17/
See footnote 10.
accounts receivable, and unaccepted trade drafts are
excluded.
18/
See footnote 11.
19/
Fixed-rate loans are reported by time remaining to final
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
Includes unsettled spot foreign exchange purchase con
tracts,
as
well
as
currency,
deposits, negotiable and
other
demand
readily
and
time
transferable
financial instruments maturing in one year or less from
the report date, and intracompany claims and loans to
other
3/
parties
Includes
contracts,
repayable
unsettled
spot
on
demand.
foreign
Other
exchange
sales
maturity or the nearest call date, whichever is earlier,
mtracompany liabilities, other than short-term
and floating-rate loans by time remaining to the nearest
interest-fixing date.
trade payables, short-term borrowings due in one year or
less from the report date, and the current portion of
long-term debt.
Other loans,
accrued expenses and
20/
4/
Due in one year or less; includes intracompany trade
receivables. Receivables and installment paper sold or
discounted before maturity are excluded.
5/
Due in one year or less; includes intracompany trade
payables.
Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
accounts payable are excluded.
21/
Sum of columns (3) and (6).
r
Revised.
n.a. Not available.
August 1978
141
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Government Corporations and Other Activities
Treasury Department Circular No. 966, Revised, dated
December 20, 1972, and volume I, part 2, chapter 4100 of the
Treasury Fiscal Requirements Manual (Transmittal letter No.
221) require Government agencies to submit business-type fi
nancial statements and related information to the Department
of the Treasury for use in compiling financial reports of the
U.S. Government. The circular was originally issued in 1956
pursuant to the authority of Section 114 of the Budget and
Accounting Procedures Act of 1950 (31 U.S.C. 66b) which re
quires the Secretary of the Treasury to prepare reports on
the financial operations of the U.S. Government.
Department Circular No. 966, Revised, requires submission
of semiannual financial statements by all Government corpo
rations specifically subject to the Government Corporation
Control Act, as amended (31 U.S.C. 846, 856) and any wholly
owned and mixed-ownership corporations subsequently brought
under the provisions of the act, and all other activities
operating as revolving funds. Other business-type activities
required to report semiannually include activities and agen
cies whose operations, services, or functions are largely selfliquidating or primarily of a revenue-producing nature or
whose activities result in the accumulation of substantial
inventories, investments, and other recoverable assets. Reg
ular governmental activities, which are of a nonbusiness-type
nature, are required to report on an annual basis.
Two basic kinds of financial statements are called for
by Department Circular No. 966, Revised; and they are published
in the Treasury Bulletin. Statements of financial condition
are required for all activities. Statements of income and
retained earnings are required for business-type activities
only.
The statements of financial condition for business-type
activities appear in'Section I, Table GA-I-1 and are published
semiannually. The first statements of financial condition
published under the revised circular were as of December 31,
1972, applied to business-type activities only, and appeared
in the May 1973 issue of the Bulletin, Statements of finan
cial condition submitted annually by nonbusiness-type activ
ities were published together with business-type activities
in Section I, Table GA-I-1 in the January 1974 issue of the
Bulletin. Loans shown on the agencies’statements of finan
cial condition and held by the agencies, and loans guaranteed
and insured by the agencies are reported on a quarterly basis.
The first quarterly table on this Federal credit data, which
was as of March 31, 1973, appeared in Section III, Table GAIII-2 in the August 1973 issue of the Bulletin. The first
semiannual statements of income and retained earnings sub
mitted under the revised circular were for the period July
1, 1972, through. December 31, 1972, and appeared in Section
I, Table GA-I-2 in the June 1973 issue of the Bulletin. All
revolving funds shown in the statements are noted to indicate
whether they are public enterprise funds, intragovernmental
funds, or trust revolving funds; and trust funds are also
noted. Direct sales and repurchases of loans are published
on a monthly basis in Section II, Table GA-II-1.
Treasury Bulletin
142
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978
(In thousands of dollars)
Funds appropriated to the President
Legislative
Branch
Account
m
m
m>
Total
1/
Appalachian regional
development programs
Appalachian housing fund
Government
Printing
Office (IR)
Total
Executive
(PE)
Expansion
of defense
production
Memo:
Memo:
Funds
transferred
to others
Funds
transferred
to others
s m s s
Income:
_
-
_
-
-
_
-
63
2,056
17,944
211,478
10,375
-
-
-
27,943,211
283,701
241,915
-
-
-
17,818,880
257,576
684
-
-
-
-
_
.
-
_
-
-
“
11,640,588
7,829,602
1,428,753
4,468,395
2,575,874
22,998
260,702
-
-
-
-
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
659,832
323,297
1,519,910
_
_
Other expenses:
Depreciation............ ....... ...........
Other operating expenses..................
Other.......................................
834,442
272,307
3,542,264
3,885,945
19,718
1,358
-
7,036
19
2,978
1,151
_
329
1
49
-
Total expense............... ..............
28,856,876
278,652
11,867
329
50
-
-913,665
5,048
230,048
-329
-50
*
-559
-1,688
-34
-
-992
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
-
-
"
-
“
Total extraordinary income and expense (-)..
-2,246
-34
-992
-
-
-
Net income or expense (-) before distribution.
-915,911
5,015
229,056
-329
-50
-
81,845
5,015
-
1,959,045
229,056
15
-2,907
-329
-
-1,908
-50
-
58
-
AMiYSJS.pJ. Q M W iK P
PIAINED e a j m g s
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
-20,605,477r
-915,911
-148,566
-65,232
-2,005,039
-
Other.......... ...............................
-41,019
Closing balance.................................
-23,740,225
86,859
2,147,097
Footnotes at end of Section.
“
-3,236
“
-1,958
"
58
August 1978
143
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Funds appropriated to the President - Continued
Agency for International Development
International security assistance
Liquidation
of foreign
military
sales fund
(PE)
Account
Total
Foreign
military
credit
sales
Military
programs
-Israel
Acquisition
of property
revolving
fund (IR)
Total
Alliance
for
Progress
loan fund
(PE)
XNQ0MS,,M> M P I S S
Income:
Sales of goods...............................
Sales of services........... .................
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
_
2,836
38,320
-
_
137
-
_
2,836
22,143
-
16,041
-
63
2,056
2,588
157,105
10,372
63
2,056
-
_
33,203
-
Total income.................................
41,156
137
24,979
16,041
172,182
2,118
33,203
684
684
-
-
-
Expense:
Cost of goods sold...........................
Interest expense:
_
-
_
-
“
_
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other............................ .
.
-
_
-
-
“
2,504
915
822
326
915
125
-9
Total expense..............................
-
-
-
-
4,924
2,050
-9
41,156
137
24,979
16,041
167,258
69
33,212
Gain or loss (-) on disposition of assets...
Other.........................................
-
_
-
-
-992
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-992
-
-
Net income or expense (-) before distribution.
41,156
137
24,979
16,041
166,266
69
33,212
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
32,790
41,156
32,790
137
24,979
16,041
1,956,641
166,266
-6
2,852
69
-77
288,704
33,212
Closing balance................................
32,926
Treasury borrowings........................
Federal securities.........................
Other.......................................
Other expenses:
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
m
Footnotes at end of Section.
& m
earnjnqp
_
-41,019
_
-
32,926
_
_
-24,979 2/
-
_
-16,041 2/
-
2,122,900
_
_
_
-
-
2,844
321,916
144
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Funds appropriated to the President - Continued
Agency for International Development - Continued
Account
Development
loan fund
(PE)
income
p
.
Development
loan fund
liquidation
account (PE)
Housing
guaranty
fund
(PE)
Common def ens e ,
economic, and
triangular
trade loans
Foreign
currency
loans
Private
enterprises
3/
Loans of
predecessor
agencies m
liquidation
Other
loans
4/
m
Income:
-
-
Sales of goods...............................
Sales of services............... ,...........
Insurance and guarantee premiums............
Interest income..............................
Other income................. ................
66,776
-
2,588
-
15,811
4,675
-
7,793
213
-
3,235
3,626
15,859
1,846
14,427
13
Total income..... ............................
66,776
8,006
2,588
20,486
6,861
17,705
14,439
-
-
-
-
-
-
-
-
-
-
“
-
“
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.............. ..........
Other.......................................
-
“
-
-
Administrative.................. .
Depreciation................................
Other operating expenses............ ......
Other.......................... ............
-1
“
2,177
“
”
-
~
“
707
Total expense..............................
-1
-
2,177
-
-
-
707
66,777
8,006
410
6,861
17,705
13,732
-
-992
-
-
-
Other expenses:
Income or expenses (-) before extraordinary
20,486
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
-
-
Total extraordinary income and expense (-)..
-
-
-992
-
-
-
-
Net income or expense (-) before distribution.
66,777
8,006
-582
20,486
6,861
17,705
13,732
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
716,133
66,777
699,521
8,006
_
49,462
-582
127
-755,472
20,486
-9
-36,835
6,861
-47
832,069
17,705
_
160,207
13,732
_
-
_
-
-
_
-
_
-
Closing balance................................ .
782,910
707,527
49,007
-734,995
-30,021
849,774
A r o r e i s of m w i ; m m u m ? p a y i n g s
Footnotes at end of Section.
-
_
_
_
173,938
August 1978
145
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Agriculture Department
Funds appropriated to
the President - Con.
InterAmerican
Foundation
(PE)
Commodity Credit
Corporation
Overseas
Private
Investment
Corporation
(PE)
Federal
Crop
Insurance
Corporation
(PE) 5/
Total
Agricultural
Stabilization
and Conser
vation Service
Memo:
Public
enterprise
revolving
Funds
transferred
to others
Funds
transferred
from others
Commodity
Credit
Corporation (PE)
jCHPQME.AEP M Z S m
Income:
Sales of goods................................
Sales of services...................... .
Insurance and guarantee premiums,
A
f\C. 1L. O
lUo,/OO
Other income.................................
687,336
16.171
101,887
3
556
4OA HQA
130,109
1 .596
•i •%AA *70
1,1UU,
/ L60
102,446
317 ,689
"
OCO OQ£
254,768
35,735
3
Total income..... ....................... .
"
"
"
384,171
“
“
307,817
"
OZJJjODO
OO O
“
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings.......... .............
Federal securities............. ...........
Other.......................................
278,245
QQA
yyyjfH/,H/,Q
o
3,284 6/
Other expenses:
Administrative..................
Depreciation...............................
Other operating expenses..................
Other.......................................
X1 ,111
XXX
Total expense................... ..........
3,174
165,707
3,235
202,038
1,890,491
3,440
-3,171
-
3,421
19
11
1 766
28
1 766
28
155,261
1 287
22 504
*182
23,922
X ,O/Ojv/O
3,847,853
167,837
2,268,242
1,794
1,794
25,134
-2,747,130
-65,391
-1,884,071
-1,794
-1,794
-
-3
83
-3
83
-
-
-
2,063
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
-
-
80
80
-
-
-
Net income or expense (-) before distribution.
-3,171
25,134
-2,747,050
-65,311
-1,884,071
-1,794
-1,794
Opening balance................. ...... ........
Net income or expense (-).................. .
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.......... ...............................
-33,929
-3,171
22
6,451
25,134
-6,009,227
-2,747,050
1,047,034
-328,925
-65,311
-1,118,479
-1,884,071
461,560 7/
- 8/
-1,794
- 8/
-1,794
Closing balance................................
-37,078
AMMSIS.OF, C H A T O p
T O ®
Footnotes at end of Section.
EARNINGS
_
_
31,585
_
-7,709,243
_
-394,237
_
-2,540,990
_
-1,794
-1,794
146
Treasury bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Agriculture Department - Continued
Farmers Home Administration
Account
Agricultural
credit
insurance
fund (PE)
Total
Rural
development
insurance
fund (PE)
Rural
housing
insurance
fund (PE)
Self-help
housing land
development
fund (PE)
Loans,
salaries,
expenses
Funds
transferred
from others
Community
Services
Administration
income
Income:
_
_
_
_
_
_
_
-
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
Other income..................................
_
_
4,877
556,705
737
_
165
179,169
138
_
6
66,577
*
_
4,706
310,604
583
_
_
16
-
.
30
3
309
13
Total income......................... ........
562,319
179,472
66,583
315,893
16
33
322
-
-
-
-
-
-
-
44,389
_
987,165
19,895
_
361,107
12,897
94,042
11,597
529,732
144
_
_
_
-
2,140
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other................... ...................
116,647
210,310
48,123
76,057
10,260
-3,344
55,908
58,918
203
3
1,892
79,352
262
-676
Total expense..............................
1,358,512
505,182
113,855
656,156
350
81,244
1,726
-796,192
-325,711
-47,271
-340,263
>-335
-81,211
-1,404
Gain or loss (-) on disposition of assets...
Other.........................................
-
-
-
-
-
-
“
Total extraordinary income and expense (-)..
-
-
-
-
_
_
_
Net income or expense (-) before distribution.
-796,192
-325,711
-47,271
-340,263
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities................. .......
Other.......................................
-
Other expenses:
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
-335
-81,211
-1,404
-3,759
-335
-1,427,504
-81,211
-62,968
-1,404
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods
Distribution of income:
Dividends
Other
....................
...........................................
................................................
Closing balance ......................................
Footnotes at end of Section.
-4,611,000
-796,192
585,410
-892,393
-325,711
164,735 9/
-297,390
-47,271
75,547 2 /
-1,926,741
-340,263
345,128 9/
-
-
-
-
-
-
-
-4,821,783
-1,053,369
-269,114
-1,921,875
-4,094
-1,508,714
-64,371
August 1978
147
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Account
Af»riculture Department - Continued
Departmental
Forest
Fanners Home
Agricultural
Admin. - Con.
management
Service
Marketing
Service
Office
of the
Funds
Secretary
transferred
Working
from others
Milk market
capital
Working
fund (IR)
capital
assessment
Bureau of
10/
fund (IR)
fund
(TR)
Reclamation
loan fund
Commerce Department
General
Economic
Administration
Development
Administration
Total
Working
capital
fund (IR)
Economic
development
revolving
fund (PE)
-
Income:
Sales of goods...............................
Sales of services.......................... .
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
Total income.................................
_
_
_
-
_
_
439
9.585
2,382
12,560
_
_
3,646
23,175
_
_
-
3,328
93,855
11,902
19,913
860
-
277
13,318
13,595
-
11,502
-
-
10,024
18,587
23,175
129,858
11,502
-
-
9,872
-
12,571
8,229
_
14,497
-
Expense:
Cost of goods sold...........................
Interest expense:
_
_
_
_
-
-
-
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
-2
-
11,811
-
1,690
2,917
2,212
107
22,855
3
68,029
77,506
12,816
177,236
2,304
118
868
179
Total expense..............................
-2
11,811
16,692
22,965
362,655
11,518
14,676
2
-1,787
1,895
210
-232,797
-16
-1,081
Gain or loss (-) on disposition of assets...
Other.........................................
_
-
_
_
-
-
-
1
-270
1
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-269
1
-
-233,066
-15
-1,081
-8,966,608
-233,066
-9
1,442
-15
-9
-68,373
-1,081
-
Treasury borrowings........................
Federal securities.........................
Other.......................................
_
_
_
14,497 11/
Other expenses:
_
_
Income or expenses (-) before extraordinary
-
Extraordinary income and expense (-):
Net income or expense (-) before distribution.
2
-1,787
1,895
210
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
-247
2
19,010
-1,787
28,346
1,895
63
1,822
210
-
-
-
-
-
-
-
-
~
Closing balance.................................
-245
17,222
30,304
2,033
-9,199,683
1,418
-69,454
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
_
_
-
_
-
Treasury Bulletin
148
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Commerce Department - Continued
National Oceanic and Atmospheric Administration
Account
Fisheries
loan
fund (PE)
Coastal
energy
impact
fund (PE
Total
Fishermen's
guaranty
fund (PE)
Maritime Administration
Federal ship
financing
fund, fishing
vessels (PE)
Vessel
operations
revolving
fund (PE)
Total
INCOME AND EXPENSE
Income:
-
-
-
-
-
_
2,170
74
207
-
_
182
50
-
-
11,369
6,513
507
_
_
-
Insurance and guarantee premiums............
Interest income..............................
256
83
207
-
32
-
Total income..................................
545
-
32
281
232
20,558
-
-
-
-
-
-
4,342
-
_
-
_
-
_
-
_
-
_
-
_
_
-
-
_
_
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
15
889
-
665
-
-
15
-
_
224
-
17,382
75,864
11,927
143,908
-
Total expense..............................
904
665
-
15
224
253,424
-
-359
-665
32
266
8
-232,865
_
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
Other expenses:
Income or expenses (-) before extraordinary
_
Extraordinary Income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
_
-270
-
_
-270
-
_
_
-
-
_
-
Total extraordinary income and expense (-)..
-270
-
-270
-
-
-
-
Net income or expense (-) before distribution.
-629
-665
-238
266
8
-232,865
-
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of Income:
Dividends.....................................
Other.................... .....................
-6,150
-629
-
-8
-665
-
-5,981
-238
-
-1,723
266
-
1,561
8
-8,892,400
-232,865
16,362
-
-
-
-
-
-
-
Closing balance.................................
-6,779
-673
-6,218
-1,457
1,569
-9,125,265
16,362
m m i ?
of
crawGF
in retained earnings
Footnotes at end of Section.
-
_
_
_
August 1978
149
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31f 1978—Continued
(In thousands of dollars)
Defense Department
Commerce Department - Continued
Maritime Administration - Continued
Account
War-risk
revolving
fund (PE)
Federal s!iip
financing fund
revolving
fund (PE)
Military
Science and
Technical
Research
General
funds
Air Force Department
Defense
production
guarantees
(PE)
Total
Bureau of
Standards
Total
Working
capital
fund (IR)
XNQQMP. AND P f f l B E
Income:
Sales of goods............. ..................
Sales of services......................... .
_
_
Interest income.......................... .
Other income.................................
239
Total income............ .....................
239
_
_
11,369
5,180
16,549
2,170
_
1,159
82,353
_
9,978,076
5,013,393
3,328,077
495,968
1,094
507
146
10
791,096
36,796
3,771
83,657
15,782,575
3,860,842
14,276,427
3,828,872
_
_
_
_
-
_________
Expense:
Cost of goods sold...........................
4,342
Interest expense:
Treasury borrowings............. ..........
Federal securities.........................
Other......................................
9,680
Other expenses:
_
_
Administrative............ ........... .
Depreciation................................
Other operating expenses.............. .
Other................... ...................
3
Total expense........... ...................
3
Income or expenses (-) before extraordinary
items............................ ..............
236
16,357
75,864
11,927
143,905
48,328
1,524
1,024
15,524
1,024
_
_
32,280
229,926
19,663
596,180
357,175
39,170
6,743
252,396
82,132
15,489,051
3,874,785
-248,625
1,525
293,524
-13,943
_
_
_
_
_
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
_
_
-
_
-
_
_
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
236
15,524
-248,625
1,525
293,524
-13,943
-
7,391
236
117,125
15,524
-9,033,278
-248,625
-1,127
1,525
-
-
-
-
m u m $ , P ¥ .s m w
m
pxah^p
Opening balance............... ............. .
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.............. ......................
Other...................................... .
Closing balance................................
Footnotes at end of Section.
7,627
132,649
-9,281,904
398
989,734**
293,524
-1,188,628
-25,225
69,405
926,113r
-13,943
971
1,790
_
-
-
913,141
1,790
150
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Defense Department * Continued
Military - Continued
Army Department
Air Force Department - Continued
Account
Cadet
fund (IR)
Surcharge
collections,
sales of
commissary
stores (TR)
Defense
production
guarantees
(PE)
Total
Industrial
fund (IR)
Stock
fund (IR)
2,544,119
_
Interest income............................. .
Other income.................................
783,958
495,968
_
_
-
-
_
_
11,346
25,450
Total income............ .....................
1,279,927
2,544,119
11,346
25,450
2,839,575
1,291,206
2,537,665
_
_
2,855,559
Industrial
fund (IR)
income m > m m &
Income:
Sales of goods................ ........... .
Sftl.es of services...........................
_
_
-
2,143,013
674,587
-
21,975
_
-
364,668
674,587
-
1,039,255
Expense:
Cost of goods sold.............. ............
_
1,036,720
Interest expense:
Treasury borrowings.............. .........
Federal securities......... ............. .
Other.................... .................. .
~
“
“
~
“
Other expenses:
Administrative................ ............
Depreciation...............................
Other operating expenses..................
Other................ ......................
Total expense..............................
13 060
6^743
11,065
15,045
63,278
-83 001
1,291,206
2,557,468
11,065
15,045
2,835,836
1,036,720
-11,280
-13,349
281
10,405
3,739
2,536
-
-
-
-
-
-
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
-
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
-11,280
-13,349
281
10,405
3,739
-
2,536
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.......... ..........................
Other.......................... ........ ......
-38,901r
-11,280
971
901,799
-13,349
23
281
61,401
10,405
-2,203,847r
3,739
-1,431
2,209^
-7,454
2,536
-1,431
Closing balance.................................
-49,209
888,450
305
71,806
-2,201,539
2,209
-6,349
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
August 1978
151
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Defense Department - Continued
Military - Continued
Navy Department
Army Department - Continued
Naval Academy
Account
Surcharge
collections,
sales of
commissary
stores (TR)
Stock
fund (IR)
Defense
production
guarantees
(PE)
Total
Laundry
service
(PE)
Industrial
fund (IR)
Midshipmen's
store (TR)
Income:
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income.............. ................
Other income.................................
1,778,345
Total income.................................
1,778,345
_
_
_
1,449,982
3,001,834
21.975
10
676.969
21,975
5,128,795
712
2,691
_
_
_
_
_
36
2,998,283
712
2,727
2,981,494
459
1,907
_
_
10
2,998,283
10
_
Expense:
Cost of goods sold...........................
1,818,839
4,402,000
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
_
_
_
_
_
-
-
-
-
-
-
_
-
Administrative........... ....... .
Depreciation...............................
Other operating expenses............ ......
Other.......................................
.
_
26,275
-83,001
_
_
37,003
-
806
17
210,683
422,574
_
-
_
-
116
227
-
690
17
34
54
Total expense..............................
1,762,113
37,003
5,036,080
-
2,981,494
802
2,703
16,232
-15,028
92,716
10
16,788
-90
24
Other expenses:
_
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
_
_
_
_
_
_
_
-
-
-
-
-
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Met income or expense (-) before distribution.
16,232
-15,028
92,716
10
16,788
-90
24
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income: J
Dividends.....................................
Other.........................................
-2,239,427
16,232
40,824
-15,028
-
426,428
92,716
2,222
6,161
10
-
99,320
16,788
2,184
328
-90
38
2,602
24
-
-
-
-
-42
Closing balance................................
-2,223,195
118,293
276
2,584
Gain or loss (-) on disposition of assets...
Other.........................................
AMALYSIS-QF CHANGE IN DETAINED EARNINGS
Footnotes at end of Section.
_
-
25,796
-
-42
-
521,324
6,171
-
Treasury Bulletin
152
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
________________________________________ Defense Department - Continued_______________
Military - Continued
Navy Department - Continued
Account
Defense agencies
Marine Corps
Stock
fund (IR)
Surcharge
collections,
sales of
commissary
stores (TR)
Industrial
fund (IR)
Stock
fund (IR)
Total
Defense
Industrial
fund (IR)
12/
-
3,033,311
214,046
_
11,179
214,046
Surcharge
collections,
.sales of
commissary
stores (TR)
Income:
Sales of services........... .................
Insurance and guarantee premiums............
Interest income..............................
15,295
-
643,751
17,864
3,551
-
111,322
-
-
-
33,182
_
-
1,943,345
15,295
21,415
144,504
2,505
3,287,613
225,225
1,283,525
-
20,901
112,327
1,387
2,689,849
JO,759
1,299,594
-
-
2,505
_
_
_
40,256
Expense:
Cost of goods sold...........................
Interest expense:
_
_
_
_
_
-
-
-
-
-
11,761
-
_
-
_
14,389
25,211
_
205,344
_
203,801
323
205,344
1,865,106
11,761
20.901
151,926
. , 1,2221.
3.099.317, _
, 2-l*UZ2____
78,239
3,535
514
-7,422
1,118
188,296
8,747
-
_
-
_
-
-
_
Treasury borrowings........................
Federal securities.....................
Other.......................................
Other expenses:
-
_
-
-
184,271
397,310
_
_
,
Administrative..............................
Depreciation...............................
Other operating expenses..................
Other.......... .............................
Total expense.............. ............ .
-
-
n
323
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
_
-
_
_
-
-
_
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
78,239
3,535
514
-7,422
1,118
188,296
8,747
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other..........................................
478,690
78,239
21,663
3,535
-
-1,420
514
-
-184,167
-7,422
-
3,252
1,118
_
1,510,075
188,296
-1,190,391
-
-
-
_
-
-
-21,300
_
-
Closing balance................ ................
556,930
25,197
-907
-191,590
4,369
486,680
5,088
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
-
_
-3,782r
8,747
123
153
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(in thousands of dollars)
Defense Department - Continued
Military -• Continued
Civil
Defense agencies - Con.
Army Department
Account
Homeowners
assistance
fund (PE)
Defense
stock
fund(IR)
Panama Canal
Corps of
Engineers
(IR)
Total
Panama
Canal
Company
(EE)
United States
Soldiers1 and
Airmen’
s Home
revolving
fund (TR)
INCOME AND EXPENSE
Income:
_
493,618
_
15,100
23,559
133,340
_
40,256
23,692
626,958
15,100
-
133
-
1,215
3,061,173
665,750
508,718
156,899
133
1,041
2,678,049
500,147
483,196
16,818
133
_
_
_
_
_
_
_
9,680
_
_
_
Administrative........................ .
Depreciation...............................
Other operating expenses..................
Other.......................................
_
1,899
-
_
201,849
-
23,776
19,646
79,248
10,536
_
10,422
826
23,776
9,224
79,248
9,710
-
Total expense..............................
<-,74'-'
0*yO
#7Q
AQft
C
( 7^070
6a ? f m
/Q/ /J. /
474,444
148,456
133
Income or expenses (-) before extraordinary
items............. ...............; ............
-1,725
181,274
22,716
) 14,273
8,443
Gain or loss (-) on disposition of assets...
Other......................... ................
-
-
-
-
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-
-
Net income or expense (-) before distribution.
-1,725
181,274
22,716
14,273
8,443
-
-36,198
-1,725
-
1,550,055
181,274
-1,190,514
330,965
22,716
-
155,558
14,273
-
175,376
8,443
-
31
-
-21,300
-3,883
-
-3,883
-
519,515
349,798
169,831
179,936
31
Sales of goods.... ........ ............ .
Sales of services........... .................
Insurance and guarantee premiums
Interest income........................ .
Other income.................. ........... .
1,215
_
_
_
Total income................... .............
3,020,917
_
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings.......... .............
Federal securities.... ....................
Other.... ........... ......................
_
9,680 12/
-
Other expenses:
Extraordinary income and expense (-):
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.................................... .
Other........................ ........... .
Closing balance.................................
Footnotes at end of Section.
_
-37,922
154
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October X, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Health, Education,
and Welfare Dept.
Energy Department
Account
Alaska
Power
Admin
istration
Total
Bonneville
Power
Admin
istration
Southeastern
Power
Admin
istration
Southwestern
Power
Admininstration
Fund for
emergency
expensesFort Peck
project,
Hontana (pE)
Food and Drug
Administration
Revolving
fund for
certification
and other
services (EE)
Total
Income:
Insurance and guarantee premiums.... .......
176,883
25,466
_
604
_
1,691
_
26
127,312
20,866
573
26,464
*
23,108
-
202,954
1,718
148,750
26,464
-
50,921
19,595
1,929
38,000
1,775
3,732
4
2,909
*
23,113
2,909
112,220
3,732
3,744
28,115
_
5,614
34,538
-
~
-
Expense:
Cost of goods sold...........................
3,744
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
3,166
_
3,166
-
_
-
_
-
123
16,168
41,330
22,270
252
2
2,681
-
623
446
8,505
127
84
*
-
13,475
423
21,507
172,700
2,390
68
683
-
2,382
82,934
2,935
9,700
3,951
276,373
3,141
-664
65,816
23,528
13,413
-1,042
-164,153
591
_
-
_
-
-
-
-
-
-
-
1,676
1,553
Administrative........................ .
Depreciation............................ .
Other operating expenses..................
Other...................... ................
875
16,894
53,142
22,406
_
_
193
627
10
Total expense..............................
101,903
101,051
-
-
Other expenses:
_
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
_
_
-
-
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
101,051
-664
65,816
23,528
13,413
- 1,042
-164,153
591
713,819
101,051
-8,187
4,768
97,809
65,816
-8,564
580,322
23,528
30,919
13,413
- 8/
- 1,042
6
-271,960
-164,153
7,391
2,682
591
-332
_
_
-
-
-
176,298
-
603,850
44,332
-1,037
-252,423
2,941
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance.................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
-60,042
-
-60,042
Closing balance.... ............................
746,641
4,476
95,020
Footnotes at end of Section.
-664
372
_
_
_
_
_
-
155
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In -thousands of dollars)
Health, Education, and Welfare Department - Continued
Adminx s tra ti on
Account
Health
maintenance
organization
loan guarantee
and loan fund
(PE)
m
m
m>
Service
and
supply
fund (IR)
Office of
Assistant
Secretary
for Health
Health Resourcesi Administration
National
Institutes
of Health
Total
Medical
facilities
guarantee
and loan
fund
Health
professions
education
fund (PE)
Nurses
training
fund (PE)
Service and
supply fund
(IR)
p r a m
Income:
Sales of goods.................. ............
Sales of services............................
Insurance and guarantee premiums............
Interest income................. ............
Other income...... ..........................
Total income.................................
_
_
33,529
14,790
14,790
.
1,807
_
_
_
_
6,957
378
.
6,095
-
1,807
33,529
22,125
20,885
7,138
14,790
14,790
_
.
1,160
_
_
453
21,718
_
_
20,910
Administrative...... ......................
Depreciation...............................
Other operating expenses..................
Other.......................................
_
8,679
255
10,351
6,995
*
Total expense...... .......................
1,160
33,417
647
_
_
_
_
_
633
265
.
230
113
2,602
10,398
_
-
897
343
13,000
_
-
Expense:
Cost of goods sold...........................
2,102
Interest expense:
Treasury borrowings........................
Federal securities................. .......
Other.......................................
-
_
356
601 U /
_
97
207 14/
_
-
“
Other expenses:
-
_
*
36,961
35,700
957
303
12,676
111
-14,835
-14,815
-60
40
324
-
-
-
-
-
-
-
-
-
-
-
647
Ill
-14,835
-14,815
-60
40
324
4,511
111
-
10,311
-14,835
-
- 8/
-14,815
-
6,374
-60
-
3,937
40
-
943
324
-*
-
“
_
_
-
-
Income or expenses (-) before extraordinary
_
“
.
100
10,473
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
Met income or expense (-) before distribution.
-
-
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.............. j , .....................
Other.........................................
- 8/
647
-
-
_
_
-
_
.
Closing balance................................
647
4,622
-4,524
-14,815
6,314
3,976
1,267
Footnotes at end of Section.
156
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Health, Education, and Welfare Department - Con.
Education Division
Account
Student
loan
insurance
fund (PE)
Housing and Urban Development Department
Office of
the
Secretary
Higher
education
facilities
loan and
insurance
fund (PE)
Housing programs
Funds
transferred
from others
Working
capital
fund (IR)
Appalachian
housing
fund (PE)
INCOME AND EXPENSE
Sales of goods...................
Sales of services................
Insurance and guarantee premiums.
Interest income..................
Other income......................
Total income.
1,929
21,346
7,889
31,165
23,275
7,889
-
1,397
16,508
276,950
309,791
11,906
252,292
137,868
8,203
6,861
615,155
398,362
4,085
16,196
5,465
1,929
29,235
Expense:
Cost of goods sold.
Interest expense:
Treasury borrowings.
Federal securities..
Other............ .
5,161
11,660
5,161
11,660 1 ( J
370,107
67,473
172,196
39,777
114,294
211
129,315
456,455
112,143
1
13,463
215,161
49
Other expenses:
Administrative...........
Depreciation.............
Other operating expenses.
Other.... ................
165,563
165,563
Total expense.
184,790
167,963
16,827
4,227
1,154,052
552,740
-144,688
-8,937
2,634
-538,897
-154,378
-153,626
-144,688
-8,937
2,634
-538,897
-154,378
Opening balance............................
Net income or expense (-).................
Adjustments for prior periods.............
Distribution of income:
Dividends.................................
Other..................................... .
-306,299r
-153,626
8,937
-306,299r
-144,688
-8,937
8,937
15,892
2,634
-1,214
177,784
177,784
-1,486
Closing balance............................ .
-273,203
-273,203
15,827
2,406
Income or expenses (-) before extraordinary
items............................ ...........
2,400
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets.
Other.......................................
Total extraordinary income and expense (-).,
Net Income or expense (-) before distribution
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
-22,958,843r
-538,897
-7,143
-8,595,280
-154,378
-7,439
-30,232
-23,535,114
-8,787,329
-1,908
-50
157
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)___________ ____________________________
Housing and Urban Development Department - Continued
Housing programs - Continued
Account
m
Federal
Housing
Administration
revolving
fund (PE)
Housing for
the elderly
or handicapped
fund (PE)
College
housing
loans (PE)
Low-rent
public
housing
program (PE)
Nonprofit
sponsor
assistance
(PE)
Rental
housing
assistance
fund (PE)
Community
disposal
operations
fund (PE)
m
Income:
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
Other income................... .............
_
252,292
68,210
599
7,905
231
_
48,083
957
3,082
3
_
-
85
*
5,997
Total income.................................
321,100
8,136
49,040
3,086
-
85
5,997
138,341
18,450
-
_
3,027
-
33,855
14,351
-
-
-
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
112,142
13,397
194,680
596
*
65
762
76
354
"
“
“
176
Total expense..............................
477,011
3,623
49,033
76
354
-
176
-155,910
4,513
6
3,010
-354
85
5,821
-
-
"
-
-
!
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
“
Other expenses:
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
-
-
-
Net income or expense (-) before distribution.
-155,910
4,513
6
Opening balance............................. .
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
-1,836,881
-155,910
-7,439
100,642
4,513
89,399
6
Closing balance......................... .......
-2,030,462
A i m s i s of Q m m
in t m m
Footnotes at end of Section.
■
3,010"
“
.... --■3K
........ "§5"
■
“
5;52i —
earnings
-30,232
-3,954,739
3,010
_
-1,511
-354
-14,579
85
_
59,873
5,821
-
-
-
-
-
-
-
105,156
89,405
-3,951,729
-1,865
-14,495
65,694
Treasury Bulletin
158
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Housing and Urban Development Department - Continued
Government National Mortgage Association
Housing
programs •
Account
Revolving
fund,
liquidating
programs (EE)
Special
assistance
functions
fund (EE)
Total
Management
and liquidating
functions fund
(EE)
Guarantees
of mortgagebacked
securities
fund (EE)
Earticipation
sales
fund (EE)
Emergency
mortgage
purchase
assistance
(EE)
Sales of goods...................
Sales of services........... .
Insurance and guarantee premiums.
Interest income..................
Other income..... ................
10,503
416
15,161
162,145
3,621
76,365
581
15,546
428
15,161
2,546
1,993
53,790
13,898
619
Total income.
10,919
180,927
76,945
15,974
19,700
53,790
14,518
3,950
184,355
27,695
159,848
16,715
1,475
10,980
Administrative...........
Depreciation.............
Other operating expenses.
Other.....................
18,467
108,598
6,495
31,791
4,210
Total expense.
22,417
327,631
212,563
-11,498
-146,704
-11,498
Expense:
Cost of goods sold.
Interest expense:
Treasury borrowings.
Federal securities..
Other...............
23,032
Other expenses:
Income or expenses (-) before extraordinary
items............................ ........... .
123
360
3
972
225
217
720
53,787
21,832
1,341
13,776
1,297
53,790
46,205
-135,617
2,198
18,403
-31,687
-146,704
-135,617
2,198
18,403
-31,687
487
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets..
Other........................................
Total extraordinary income and expense (-).,
Net income or expense (-) before distribution
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance............................
Net income or expense (-)................. .
Adjustments for prior periods.............
Distribution of income:
Dividends..................................
Other..................................... .
-3,035,576
-11,498
-l,921,409r
-146,704
-l,695,453r
-135,617
108,273
2,198
75,557
18,403
-409,785
-31,687
Closing balance............................ .
-3,047,074
-2,068,113
-1,831,070
110,471
93,960
-441,473
Footnotes at end of Section.
August 1978
159
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Housing and Urban Development Department - Continued
Community planning and development
New
Communities
Administration
Rehabilitation
loan fund
(PE)
New
communities
guarantee
fund (PE)
Federal Insurance Administration
Account
Total
Urban
renewal
programs (PE)
National
flood
Insurance
fund (PE)
Total
National
insurance
development
fund (PE)
mm m .m m
Income:
_
_
_
_
_
4,825
82
2,388
-
_
-
PM*
7,295
4,907
2,388
-
12,063
5,852
6,211
-
-
-
-
-
-
-
2,065
_
2,065
6,509
_
4,981
-
-
-
-
-
4,981
_
-
_
_
-
_
_
_
114
_
Sales of goods...............................
Sales of services........... .................
Insurance and guarantee premiums............
Interest income.......................... .
Other income.................................
7,213
82
Total income.................................
_
_
_
_
_
_
5,852
-
_
m
*
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
_
_
Other expenses:
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.....................................
_
882
200,988
_
882
4,029
_
_
1,530
114
196,959
1,674
-
Total expense.................. ...........
203,935
4,911
199,024
9,713
-196,641
-4
-196,637
-9,713
-
_
4,632
33,809
_
4,632
24,320
9,489
43,536
33,933
9,603
-28,081
-3,392
Income or expenses (-) before extraordinary
-31,473
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
Met income or expense (-) before distribution.
_
_
_
_
_
-
_
_
-
_
_
_
_
_
_
_
-
_
_
-
-28,081
-3,392
-225,689
-28,081
82,448
-3,392
352
-196,641
-4
-196,637
-9,713
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
-12,292,506
-196,641
-4,622
-4
-12,287,884
-196^637
-6,463
-9^713
_
_
_
_
_
_
-
-
-
-
-
-
-
Closing balance................................
-12,489,146
-4,626
-12,484,521
-16,176
-174,361
-253,769
79,408
-31,473
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
_
_
-%i’M
352
160
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Interior Department
Housing and
Urban
Development
Department Con.
Bureau of Reclamation
Memo:
Account
Departmental
management
Total
Total
Working
capital
fund (IR)
Upper
Colorado
River
Basin
fund (PE)
Lower
Colorado
River
Basin
fund (PE)
Funds
transferred
to others
Bureau of
Mines
Helium
fund (PE)
Bureau of
Reclamation
loan fund
Income:
-
-
5,738
54
-
-
5,791
-
“
2,762
-
-
1,066 16/
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
16,508
-
47,082
34,172
1,677
1,043
41,244
1,027
21,712
1,026
19,531
1
Total income............ .....................
16,508
83,974
42,271
22,739
19,533
16,196
39,657
-
-
-
6,525
5,459
5,459 1£/
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
21
211
67
1
1,529
31,745
378
973
31,745
“
973
18,817
"
12,928
”
-2
-
556
1
Total expense..............................
16,497
79,834
38,177
25,249
12,928
-2
4,385
11
4,140
4,094
-2,510
6,604
2
1,407
_
_
_
_
_
_
_
-
_
_
_
_
_
_
'
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
Other expenses:
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense
-
-
-
-
-
-
-
11
4,140
4,094
-2,510
6,604
2
1,407
Opening balance................................
Net income or expense (-).................. .
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
56
11
-56
232,061r
4,140
-5
103,437
4,094
_
73,746
-2,510
29,691
6,604
_
-247
2
122,643
1,407
-5
_
1,000
_
-
_
-
_
-
-
-
_
1,000
Closing balance.................................
11
237,196
107,531
71,236
36,296
-245
125,045
Met income or expense (-) before distribution.
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
161
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Justice Department
Interior Department - Continued
Bureau of Indian Affairs
Account
Total
Revolving .
fund for
loans (PE)
Indian loan
guaranty and
insurance
fund (PE)
General
Administration
Secretarial
offices
Liquidation
of Hoonah
housing
project (PE)
Working
capital
fund (IR)
Total
Working
capital
fund (IR)
Income:
_
Sales of goods...............................
Sales of services........... .................
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
-
1,677
-
1,596
-
78
-
3
-
100
34,118
16
51,071
13,877
296
13,877
-
Total income................................ .
1,677
1,596
78
3
34,234
65,244
13,877
-
-
-
-
36,894
53,996
12,685
“
-
-
-
-
-
■
375
“
-
-
Expense:
Cost of goods sold................... ;......
Interest expense:
Treasury borrowings........................
Federal securities......................
Other.......................................
"
Other expenses:
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
378
-
374
4
-
699
1,531
1,228
3,408
Total expense..............................
378
-
374
4
36,894
60,862
13,060
1,300
1,596
-295
-1
-2,660
4,383
817
-
-
-
-
-
2
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.............................. .
_
-
Total extraordinary income and expense (-)..
-
-
-
-
-
2
-
Met income or expense (-) before distribution.
1,300
1,596
-295
-1
-2,660
4,385
817
Opening balance................................
Net income or expense (-)................. .
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
5,530r
1,300
6,250r
1,596
451
-2,660
77,595
4,385
-*
817
-
-
-
-
-
-
-
Closing balance......................... .......
6,829
7,846
-2,965
1,948
-2,209
81,980
817
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
_
-2,670
-295
_
_
l,950r
-1
_
_
_
_
_
_
_
162
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Justice Department - Continued
Labor
Department
Federal Prison System
Account
Federal
Prison
Industries
Inc. (IR)
Total
Law Enforcement
Assistance
Administration
Commissary
funds,
Federal
Prisons (TR)
Operation
sting (EE)
Departmental
management
Working
capital
fund (IR)
State
Department
Office of the
Secretary
Working
capital
fund (IR)
Income:
Insurance and guarantee premiums............
-
_
21,106
_
3,314
3,356
_
7
21,106
6,670
-
19,579
1,420
5,980
-
7
296
-
_
263
_
33
_
-
51,360
45,347
6,013
41,311
36,455
4,856
51,064
-
45,084
-
,
-
-
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings.... ...................
Federal securities.... ................
Other............................ ..........
_
_
_
_
_
_
-
-
-
-
-
-
Other operating expenses..................
Other............... .......................
699
1,156
1,228
3,408
676
1,156
799
3,132
23
428
276
_
_
-
119
94
_
-
_
46
5,306
. 82
Total expanse..............................
47,801
42,217
5,584
-
19,792
6,854
3,559
3,130
429
1,315
-184
_
Other expenses:
Income or expenses (-) before extraordinary
7X
Extraordinary income and expense (-):
_
_
_
2
-
-
-
-
2
-
-
-
3,561
3,130
432
7
1,315
-184
Opening balance................................
Net income or expense (-).....................
Adjustments for prior periods.................
Distribution of income:
Dividends... 1..... ..........................
Other.........................................
77,594
3,561
74,682
3,130
2,911
432
2
7
1,187
1,315
1,335
616
-184
-
-
-
-
-
-
Closing balance.................................
81,155
77,812
3,343
9
3,837
432
_
Gain or loss (-) on disposition of assets...
Other.........................................
2
Total extraordinary income and expense (-)..
2
Net income or expense (-) before distribution.
in b e t a t p p
Footnotes at end of Section.
_
_
safmos
_
_
_
_
_
_
_
_
_
163
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Transportation Department
United States Coast Guard
Office of
the Secretary
Account
Total
m
Surcharge
collections,
sales of
commissary
stores (TR)
Working
capital
fund (IR)
Total
Supply
fund (IR)
Yard
fund (IR)
_
19,903
44,906
29,059
-
-
-
2,212
-
15,736
37
2,175
82,959
19,903
47,118
29,059
15,773
2,175
111
45,820
5,125
40,695
28,844
11,851
-
-
Cadet
fund TR)
m
Income:
Sales of services............................
Insurance and guarantee premiums............
Interest income..........................
Other income.................................
Total income.................................
57,725
22,951
_
7
2,276
-
-
111
“
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
_
_
_
_
_
_
-
-
_
-
-
-
-
-
Administrative.............................
Depreciation....... .......................
Other operating expenses..................
Other.................................... .
4,816
3,339
31,175
2,871
575
216
13,178
809
1,747
98
2,288
2,062
_
_
-
1,747
98
2,095
-
113
2,062
80
-
Total expense..............................
88,021
19,903
46,889
28,844
15,790
2,175
80
-5,062
-
229
215
-16
-
30
Other expenses:
_
-
_
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
_
_
_
-
-
-
-526
_
-
-
-
-
-
-
-5,588
-
229
215
-16
-
30
Opening balance................................
Met income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
-2,000
-5,588
_
766
229
349
215
278
-16
_
_
_
_
_
_
Closing balance................................
-7,588 __
995
564
261
Gain or loss (-) on disposition of assets...
Other.........................................
-15
-511
Total extraordinary income and expense
.
Met income or expense (-) before distribution.
m w a a a - f f .ctwqje p
rn m m .
Footnotes at end of Section.
_
eatogs
_
_
_
_
_
_
_
-
140
30
_
-
170
164
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Transportation Department - Con.
Federal
Aviation
Administration
Federal
Railroad
Adminis tra t ion
Account
Aviation
war - risk
insurance
revolving
fund (EE)
Alaska
Railroad
revolving
fund (EE)
Treasury Department
Office of the Secretary
Saint
Lawrence
Seaway
Development
Corporation
(PE)
Reconstruction
Finance
Corporation
loans in
liquidation
(PE)
Total
Working
capital
fund (IR)
Income:
Sales of goods...................
Sales of services................
Insurance and guarantee premiums.
Interest income..................
Other Income.......................
12,819
Total income.
12,826
7
465
1,154
465
1,154
2,119,738
1,632
1,620
44,162
1,580
1,580
3,048
64,642
46,286
52
2,004,715
4,094
3,100
Cost of goods sold....
Interest expense:
Treasury borrowings.
Federal securities..
Other...............
Other expenses:
Administrative...........
Depreciation.............
Other operating expenses.
Other.....................
24
1,946
1,597
13,694
526
1,428
2,014
57,867
182
7,691
1,111
Total expense.
24
17,237
3,968
111,014
-4,412
-868
2,008,724
Income or expenses (-) before extraordinary
items........................................
25
1,605
1,605
Extraordinary Income and expense (-):
Gain or loss (-) on disposition of assets.
Other.......................................
-508
-15
-511
Total extraordinary income and expense (-)..
-526
-508
Met income or expense (-) before distribution,
-4,937
2,008,216
27
1,950,289
2,008,216
837
27
ANALYSIS. QF P H A M IE BSAlffiP. S A i T O PS.
Opening balance............................
Net income or expense (-).................
Adjustments for prior periods.............
Distribution of income:
Dividends................................
Other.....................................
15,518
-11
-8,457
-4,937
-9,828
Closing balance............................
15,506
-13,394
-10,696
Footnotes at end of Section.
539
12
298
15
-1,951,627
2,006,878
864
313
165
August 1978
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Treasury Department - Continued
Bureau of Government Financial Operations
Account
Check
forgery
insurance
fund (HE)
Total
Miscellaneous
loans and
certain other
assets
New York
seasonal
financing
fund (PE)
Funds
transferred
from others
Expansion
of defense
production
(PE)
Bureau of
Engraving
and Printing
Bureau of
Engraving
and Printing
fund (IR)
Internal
Revenue
Service
Federal tax
lien revolving
fund (PE)
Income:
Sales of goods...............................
Sales of services............... ............
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
2,003,188
3,630
_
_
-
_
2,003,188
-
_
3,630
_
_
_
-
64,177
1,255
-
464
Total income............................. .
2,006,818
-
2,003,188
3,630
-
65,432
464
_
Expense:
Cost of goods sold...........................
42,582
Interest expense:
Treasury borrowings............... ...... .
Federal securities.........................
Other......................................
_
_
_
-
_
-
-
13,445
7,691
-
_
971
-
-
63,718
971
3,630
-
1,714
-506
-
-
-
-
_
_
_
_
-
-
-
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.... ..................................
_
_
2
_
2
-
-
Total expense..............................
2
2
2,006,816
-2
-508
-
-
_
-
Other expenses:
Income or expenses (-) before extraordinary
2,003,188
_
_
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other................ ........................
_
-508
-
_
Total extraordinary income and expense (-)..
-508
-
-508
-
-
-
Net income or expense (-) before distribution.
2,006,308
-2
2,002,680
3,630
-
1,714
1,919,607
2,006,308
-110
-2
1,919,659
2,002,680
58
3,630
-1,159
1,714
-3,630
-506 “
A P m i s of change m R m i N g D E A P I N Q S
Opening balance................................
Net income or expense (-)............. ........
Adjustments for prior periods . . . . . . . . . . . . . . . . . . . . . .
Distribution of income:
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Closing balance .
.........................................
Footnotes at end of Section.
_
_
.
_
_
-1,951,627
-
-1,947,997
1,974,289
-112
1,974,342
-
_
-
-
-
-
-
58
555
-506
-
-506
Treasury Bulletin
166
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Department
of the
Treasury -Con.
General Services Administration
Environmental
Protection
Agency
Account
Comptroller
of the
Currency
(TR)
Automatic
data
processing
fund (IR)
Revolving
fund for
certification
and other
services (IR)
Federal
buildings
fund (IR)
Defense
production
loan
guarantees
(PE)
Federal
telecom
munications
fund (IR)
INCOME AWP EXPENSE
Income:
Sales of goods...................
Sales of services........... .
Insurance and guarantee premiums.
Interest income..................
Other income......................
Total income.
660,910
1,061,778
193,158
33,039
746,182
1,515
252
3,700
9
1
1,295
26
45,391
1,726,639
33,048
747,478
193,184
1,591,998
29,018
672,705
183,390
67,072
3,877
43,754
5,386
128
763
10
1,664,457
33,022
717,222
183,768
43,876
Expense:
Cost of goods sold.,
Interest expense:
Treasury borrowings.
Federal securities..
Other...............
Other expenses:
Administrative...........
Depreciation.............
Other operating expenses.
Other............... .
44,422
158
Total expense.
44,718
145
367 '
15
Income or expenses (-) before extraordinary
items........................................
9,416
62,182
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets..
Other........................................
Total extraordinary income and expense (-)..
Net income or expense (-) before distribution.
62,182
Opening balance...............
Net income or expense (-)....
Adjustments for prior periods.
Distribution of income:
Dividends....................
Other........................
31,004
673
Closing balance.
31,677
Footnotes at end of Section.
-261
167
934
17,689
62,182
-11,312
229
26
-122
30,256
9,416
-49,728
30,256
-11,151
4,731
9,416
-4,731
-7,467
61,092
-30,624
9,416
167
August 19 j 8
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
General Services Administration - Continued
Account
General
supply
fund (IR)
Liquidation
of Virgin
Islands
Corporation
(PE)
National
Archives
trust
fund (TR)
William
Langer Jewel
Bearing
Plant
revolving
fund
Construction
services
fund (IR)
Working
capital
fund (IR)
income m > M m m
Income:
Sales of goods...............................
Sales of services........... .................
Insurance and guarantee premiums............
Interest income............. .......... ......
Other income.................................
657,336
71,973
_
2,767
2,322
68
"
182
43
807
3
-
-
10,456
*
6,969
2
Total income.................................
731,631
68
2,993
809
10,457
6,971
685,750
-
3,072
808
10,259
6,997
_
_
-
_
_
.
-
-
-
-
_
12
“
"
112
-42
-
-
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
-
Other expenses:
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
18,902
4,473
_
“
Total expense..............................
709,125
-
3,174
820
10,259
7,067
22,506
68
-181
-10
198
-96
-
-
-
Income or expenses (-) before extraordinary
_
48
54
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other................... .....................
“
“
-
'
Total extraordinary income and expense (-)..
-
-
-
-
-
-
Net income or expense (-) before distribution.
22,506
68
-181
-10
198
-96
Opening balance................................
Net income or expense (-).....................
Adjustments for prior periods.................
Distribution of Income:
Dividends.....................................
Other.........................................
52,460
22,506
3,333
68
4,271
-181
670
-10
1,240
198
*
245
-96
-38
-2,490
-
-
-
-
-17
Closing balance................................
72,477
3,401
4,090
660
1,438
93
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
_
_
168
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Ve terans Admini s tra ti on
Account
Total
Loan
guaranty
revolving
fund (PE)
Direct
loan
revolving
fund (PE)
Canteen
service
revolving
fund (PE)
Service
disabled
veterans
insurance
fund (PE)
Veterans
reopened
insurance
fund (PE)
Vocational
rehabilitation
revolving
fund (PE)
Income:
Sales of services...................... .
Insurance and guarantee premiums............
Interest income........................ ......
258,664
3,505
53,497
79,816
89,534
32,409
18,212
14,657
7,351
65,324
2,031
73
12,591
467
628
11,242
14,366
408
-
Total income............................ .
485,015
50,621
22,008
67,428
13,686
26,017
-
230,512
-
-
45,243
-
-
-
3,350
32,157
"
22,872
"
3,350
9,284
-
-
-
-
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
17,287
635
77,164
117,252
1
21,357
12,106
*
_
16
137
16,746
562
4,118
100
_
13,826
7,530
9,744
13,678
3
Total expense..........................
478,356
56,336
12,788
66,768
21,356
23,800
3
6,659
-5,715
9,221
660
-7,670
2,216
-3
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other.......................................
Other expenses:
378
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
.
_ *
_
_
_
-
-
_
_
Total extraordinary income and expense (-)..
-
-
-
-
-
-
-
Net income or expense (-) before distribution.
6,659
-5,715
9,221
660
-7,670
2,216
-3
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
71,563
6,659
_
-179,575
-5,715
_
201,367
9,221
_
25,426
660
_
-111,449
-7,670
41,348
2,216
-46
-3
_
-
_
* -
_
-
_
-
_
-
-
-
Closing balance.................................
78,222
210,588
26,086
-119,119
43,565
-49
in eetajnep. m m m
Footnotes at end of Section.
-185,290
_
August 1978
169
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Veterans Administration - Continued
Independent agencies
Civil Servicei Commission
Veterans
Adminis
tration
education
loan Aind
rpE)
Account
Veterans
special
life
insurance
fund ( PE)
Servicemen's
group life
insurance
fund rpE)
Supply
fund (IR)
Total
Revolving
fund (IR)
20,222
357,456
137,085
1,451,185
20,222
_
1.225
10,341
3,154,933
959,767
1,115,400
1,642,196
196,039
4,882,437
3,965,947
20,222
185,269
878,733
23,202
21,202
_
-
_
_
-
4,964
218,054
462,545
_
_
_
-
-
Total
Income:
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
Total income.................................
_
_
691
_
29,662
17,880
650
_
•
_
60.296
728
48,192
60,296
37
193,340
1,474
_
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other......................... ... ............
_
-
_
-
_
Other expenses:
_
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
_
139
19,399
23,423
161
_
60,135
_
73
8,705
1
134,451
78,569
2,369,964
677,841
4,101
67
1,611,492
342,174
_
66
_
1,640
Total expense..............................
139
42,822
60,296
194,048
4,825,122
1,979,035
22,907
589
5,371
-
1,991
57,316
-13,088
-2,685
-
1
-
1
_
57,315
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
_
_
_
..
-
-
-
-
-
-
-
1
1
589
5,371
-
1,991
-13,087
-2,684
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other................... .....................
75,090
589
-
19,535
5,371
-
_
_
-134
1,991
_
499,837
-13,087
_
-630
-2,684
_
-
-
_
-
_
-
-35,000
-96,957
_
-
-
Closing balance................................
75,679
24,906
-
1,858
11,443,346
486,750
-3,314
Gain or loss (-) on disposition of assets...
Other.........................................
-
Total extraordinary income and expense (-)..
Met income or expense (-) before distribution.
m
m
chang*; m m u u m
Footnotes at end of Section.
earnings,
ll,507,979r
57,315
10,009
_
170
Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Independent agenices - Continued
Civil Ser trice Commission •- Continued
Community
Services
Administration
Account
Employees
health
benefits
fund (TR)
Employees
life
insurance
fund (TR)
Retired
employees
health
benefits
fund (TR)
Memo:
Funds
transferred
to others
Farm Credit Administration
ExportImjjprt
Bank
of the
United
States (PE)
Revolving
fund for
admini stra tive
expenses CPE)
Total
Income:
_
Other Income.................................
.
30,347
1,447,221
357,456
105,924
-
_
813
3,964
_
309
13
12,594
382,385
1,135
_
_
4.410
4,410
Total income.................................
1,477,56$
463,380
4,777
322
396,115
4,410
4,410
-
-
-
-
-
_
“
-
-
2,340
1,291
93,892
221,913
Sales of goods.................... ..........
Sales of services........... .................
Insurance and guarantee premiums............
Expense:
Cost of goods sold...........................
-
_
_
-
-
Interest expense:
Treasury borrowings................... .
Federal securities.........................
Other.......................................
_
_
Other expenses:
Administrative............ .................
Depreciation...............................
Other operating expenses..................
Other.......................................
3,475
1
1,391,559
91,356
395
218,528
244,458
231
1,405
4,921
262
_
-676
6,287
20
55
13,945
4,410
4,410
-
_
-
Total expense............. .................
1,486,191
463,380
6,557
1,726
337,403
4,410
4,410
-8,623
-
-1,780
-1,404
58,712
*
*
-
-
_
-
_
-
-1
-
_
-
-1
-
_
_
*
537
*
-537
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
-
-
-
Met Income or expense (-) before distribution.
-8,623
-
-1,780
-1,404
58,710
*
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
485,945
-8,623
-
-
14,522
-1,780
-
-62,968
-1,404
-
1,884,940
58,710
20,738
*
-537
-
-
-
-
Closing balance................... ............
477,322
-
12,743
-64,371
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Footnotes at end of Section.
_
_
_
_
-35,000
1,908,651
-
I
20,201
*
August 1978
171
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978—Continued
(In thousands of dollars)
Independent agencies - Continued
Emergency
Loan
Guaranty
Board (PE)
Account
Short-term
credit
investment
fund (PE)
Federal Home Loan
Bank Board
District of
Columbia
Farm Credit
Administration - Con.
Banks for
cooperatives
investment
fund (PE)
Loans and
repayable
advances
Federal
Deposit
Insurance
Corporation
(TR)
Federal
Savings
and Loan
Insurance
Corporation
(PE)
Total
Income:
Sales of goods...............................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
Other income.................................
_
-
-
537
81
42,282
-
384,886
265,286
-
178,080
169,329
69,729
178,080
169,329
46,738
Total income.................................
-
-
618
42,282
650,172
417 138
394,147
-
-
-
-
-
-
-
-
-
-
-
-
45,196
45,196 17/
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
-
"
23
26
3
“
49,235
235,893
8,926
4
24,871
71,049
359
4
12,062
70,248
Total expense..............................
-
-
51
-
285,128
150,046
127,869
_
_
567
42,282
365,044
267,092
266,277
-
-
-
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other............................ ..........
Other expenses:
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
Total extraordinary income and expense (-)..
_
-
Met income or expense (-) before distribution.
_
_
_
-
_
-
-
-
-
-
-
-
567
42,282
365,044
267,092
266,277
7,823,680
365,044
10,667
4,752,103
267,092
4,743,551
266,277
-
AMALTGSI3_QF CHANGE IN RETAINED EARNINGS
Opening balance............................. .
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
18,292
Closing balance......................... .
Footnotes at end of Section.
1,909
-
-
-
-66,099
-
-
.
-
18,292
1,909
31,050
74,934
8,199,391
5,019,195
5,009,828
_
_
30,483r
567
98,751r
42,282
_
_
_
_
_
_
_
Treasury bulletin
172
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Independent agencies - Continued
Account
Federal
Home Loan
Bank
Board - Con.
Revolving
fund (PE)
National Credit Union Administration
International
Communication
Agency
Informational
media
guaranty
fund (PE)
Interstate
Commerce
Commission
Operating
fund (PE)
Total
Share
insurance
fund (PE)
Pennsylvania
Avenue
Development
Corporation
Repayment
of loan
guarantees
Income:
Sales of goods.............. .................
Sales of services............................
Insurance and guarantee premiums............
Interest income..............................
_
22,991
_
' -
_
-
14,067
3,485
7,681
7,657
14,067
3,485
24
-
22,991
-
-
25,233
7,657
17,576
-
-
-
-
-
-
-
-
-
347
-
“
-
-
-
-
551
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities........... ...... .......
Other.......................................
Other expenses:
_
"
9,718
58
“
6,608
58
■
3,111
-
347
-
9,776
6,666
3,111
551
814
-347
“
15,457
991
14,465
-551
"
"
Administrative............. ........ .......
Depreciation................ ...............
Other operating expenses..................
Other.......................................
8,567
12,809
801
Total expense..............................
22,177
Income or expenses (-) before extraordinary
“
~
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.........................................
....
m v
"
-
-
Total extraordinary income and expense (-)..
Net income or expense (-) before distribution.
-
......-357..
-
-
“
“
991
.... W 5 7
"
“
■
-
-T5sr~-
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance................................
Net income or expense (-).... .................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other.........................................
8,552
814
Closing balance.................................
Footnotes at end of Section.
-30,941
-347
-12,650
93,782
15,457
3,912
991
89,870
14,465
_
_
-3,630
-551
_
_
_
_
_
_
_
-
-
-
-
-
-
-
9,367
-31,288
-12,650
109,238
4,903
104,335
-4,182
_
August 1978
173
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Independent agencies - Cont Imxed
Small Business Administration
Account
Business
loan and
investment
fund (PE)
Total
Disaster
loan fund
(PE)
Pollution
control
equipment
contract
guarantees
revolving
fund(PE)
Lease
guarantee
revolving
fund (PE)
Surety bond
guarantee
revolving
fund (PE)
Tennessee
Valley
Authority
(EE)
United States
Railway
Association
21/
INCOME AND EXPENSE
Income:
Sales of goods...............................
Insurance and guarantee premiums.........
_
_
12,684
95,560
7,388
_
9,292
59,163
4,917
_
*
36,388
768
_
_
2
8
183
396
23
2,994
1,497
10,141
1,134,711
47
39,675
_
19,405
60,911
115,632
73,373
37,156
193
419
4,491
1,184,574
80,316
-
-
-
-
-
-
857,532
-
_
_
_
-
3,325
114,847
-
_
17,446
_
Expanse:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
_
9,315
177,990
„
7,798
104,826 U /
1,517
73,026 l*y
138
12/
-
Other expenses:
Administrative.............................
Depreciation...............................
Other operating expenses..................
Other.......................................
Total expense..............................
14,688
_
195
-
_
1,602
_
3,669
2,389
-
10,696
38,946
78,420
7,106
90
12,805
722,000
~
205,856
118,682
74,738
1,740
-
10,696
1,100,266
752,251
-90,224
-45,309
-37,582
-1,547
419
-6,205
_
_
-
_
-
_
-
_
-
-
-
-1,54V
-6,389
-1,547
_
3,864
_
_
Income or expenses (-) before extraordinary
84,308 2 0 /
-671,934
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.............................. ..........
-
_
-
Total extraordinary income and expense (-)..
-
-
-
-90,224
-45,309
-37,582
-3,570,235
-90,224
-121
-1,759,169
-45,309
_
-121
_
_
_
-
-
-
-3,660,580
-1,804,478
-1,769,657
Net income or expense (-) before distribution.
-
-
-
-
-
419
-6,205
84,308
-671,934
199
419
-72,922
-6,205
277,950
84,308
_
-356,830
-671,934
_
-
-
-30,858
_
-7,936
618
-79,127
331,400
ANALYSIS OF CHANGE IN RETAINED EARNINGS
Opening balance................................
Net income or expense (-)......................
Adjustments for prior periods..... ...........
Distribution of income:
Dividends.....................................
Closing balance.................................
Footnotes at end of Section.
_
-1,028,764
Treasury Bulletin
174
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Retained Earnings
October 1, 1977 through March 31, 1978-Continued
(In thousands of dollars)
Off - budget agencies
Agriculture Department
United
States
Postal
Service
(PE)
Account
Total
electri
fication and
telephone
revolving
fund (PE)
Total
Treasury
Department
Rural
Telephone
Bank (PE)
Federal
Financing
Bank
revolving
fund (PE)
Labor
Department
Pension
Benefit
Guaranty
Corporation
(PE)
income m > m m s s
Income:
Sales of services........................... .
Insurance and guarantee premiums............
Interest income........................ ......
Other income.................................
6,740,486
21,855
1,627,673
875.490
_
6,740,486
_
_
869.915
Total income.................................
9,265,505
_
_
_
136,631
119,418
_
_
_
_
17,212
_
7,610,401
136,631
119,418
17,212
1,489,528
28,946
-
-
-
-
-
-
-
1,457,248
91,402
166,322
91,402
156,863
10,346
*
9,459
834
9,459
9,512
*
-
1,446,902
-
_
-
Administrative.............................
Depreciation................................
Other operating expenses..................
Other.......................................
6,582,644
106,829
523,266
376,640
6,570,171
106,780
523,266
376,493
_
147
_
_
-
10
_
_
147
207
_
_
-
12,257
49
Total expense..............................
9,304,351
7,824,974
19,962
10,293
9,669
1,447,109
12,306
-38,846
-214,573
116,668
109,125
7',543
42,419
16,640
_
_
_
_
_
_
1,489,528
_
_
21,855
1,515
5,576
Expense:
Cost of goods sold...........................
Interest expense:
Treasury borrowings........................
Federal securities.........................
Other expenses:
10
_
-
Income or expenses (-) before extraordinary
Extraordinary income and expense (-):
Gain or loss (-) on disposition of assets...
Other.............. ...........................
_
Total extraordinary income and expense (-)..
-
-
-
-
-
-
Net income or expense (-) before distribution.
-38,846
-214,573
116,668
109,125
7,543
42,419
16,640
Opening balance.................................
Net income or expense (-)......................
Adjustments for prior periods.................
Distribution of income:
Dividends.....................................
Other..........................................
311,483
-38,846
12,554
-587,534
-214,573
42
943,374
116,668
943,374
109,125
7,543
63,458
42,419
-107,815
16,640
12,512
-5,465
-
-5,465
-
-5,465
-
-
Closing balance.................................
279,726
-802,066
1,054,578
1,052,500
2,079
105,877
-78,663
m m m
Footnotes at end of Section.
_
_
_
-
earnings
_
_
August 1978
•FINANCIAL OPERATIONS OF GOVERNM ENT AG ENCIES AND FUNDS-
Footnotes to Table GA-I-2
*
Less than $500.
r
Revised.
(PE) Public enterprise revolving funds.
(IR) Intragovernmental revolving funds.
(TR) Trust revolving funds.
1/ Statements in this table are from Government corporations and business-type activities. Statements of the transferred account which
represent funds transferred to others are shown in memo (nonadd)
columns under the same headings with the "parent" accounts that
receive the appropriations. These same statements of the trans
ferred accounts are also shown as funds transferred from others un
der the heading of the "spending" agencies that administer these
funds.
2/ Represents a deposit of funds to receipt accounts.
3/ Represents the Cooley loan program established pursuant to the Agri
cultural Trade Development and Assistance Act of 1954, as amended
(7 U.S<C. 1704 (e)).
4/ Consists of contingency fund, inter-American social and economic
program, and supporting assistance loans.
5/ Includes the fund for administrative and operating expenses.
6/ Includes accrued interest expense of $3,250 thousand on capital stock.
7/ Includes restoration of capital by the Department of the Treasury
to partially reimburse the Corporation for net realized losses
sustaired but not previously reimbursed as provided by an act approved
Aug. 12, 1977 (91 Stat. 818).
8/
Information pertaining to the amount of retained earnings at the
beginning of the period was not shown on the statement submitted by
the reporting agency.
9/ Represents insufficiency restorations made by appropriations.
10/ Represents only partial reporting of Forest Service.
11/ Represents interest on appropriations for loans to be paid into
miscellaneous receipts of the Department of the Treasury.
12/ Includes the Defense Communication Agency.
13/ Represents interest on the net direct investment of the U.S.
Government in this corporation.
14/ Represents interest on appropriations and other capital.
15/ Represents interest expense on appropriations allocated to power
and to municipal and industrial water supply construction.
16/ Represents interest expense on public debt borrowings from the De
partment of the Treasury, and on appropriations and other capital.
17/ Represents premium payments and insurance losses.
18/ Represents interest expense payable to the Department of the Treas
ury on outstanding cash disbursements made from the fund.
19/ Includes interest expense on mortgage notes and escrow deposits.
20/ Represents net income of $114,571 thousand from power operations
and a net loss of $-30,264 thousand from non-income producing
programs.
21/ Figures as of September 30, 1977, latest available.
Source:' Bureau of Government Financial Operations. Based on semiannual
reports received from agencies pursuant to Treasury Circular No. 966,
Revised.
Treasury Bulletin
176
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
........
Section II - Federal Credit Programs
Table GA-II-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban Development Department
Fiscal year
or month
Repur
chases
196 9
197 0
197 1
1972.,...
197 3
197 4
197 5
197 6
T.Q.....
197 7
1977-June
July
Aug.
Sept
Oct.
Nov.
Dec..
1978-Jan..
Feb..
Mar**
Apr..
May..
June.
1/
*
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
428
842
305
781
330
1,141
1,559
1,281
7,895
Export-Import
Bank of the
United States
Fanners Home
Administration
Repur
chases
Repur
chases
Sales
Government
National Mortgage
Association_______
Repur
chases
Office of Secretary
1/
Sales
Repur
chases
Small Business
Administration
Sales
Veterans
Administration
Repur
chases
Repur
chases
405
569
287
574
284
1,105
1,524
1,148
414
2,300
1,501
1,232
6,963
1,592
488
422
959
1,66?
2,005
2,430
3,324
2,172
6,415
4,247
1,070
209
163
294
96
17
12
12
19
25
30
32
29
6
2,121
5,445
2,083
2,118
333
36
856
44
651
992
1,113
150
680
1
824
54
70
734'
165
99
363
752
816
150
680
1
800
2,210
1,074
506
1,124
1,333
823
1,324
40
308
37
296
22
379
406
269
248
145
21
21
160
261
4
187
20
3
2
104
2,086
785
506
1,072
1,289
823
51
67
734
160
95
360
1,320
36
303
33
292
19
Includes college housing, elderly housing, and public facility loans.
Less than $500,000.
30
38
244
368
192
13
148
258
93
40
3
3
4
4
3
24
90
220
4
3
52
44
5
4
4
August 1978
177
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-HI-1. - Civil Service Retirement and Disability Fund
(In millions of dollars)
Receipts
Fiscal year
or month
1921168...............................
1977-July.............................
Sept.............................
Oct..............................
Nov..............................
Dec..............................
1978-Jan..............................
Feb..............................
Mar..............................
Apr..............................
May..............................
June.............................
Fiscal 1978
to date.............................
Total
Agencies1
contributions
Employees1
contributions
Federal
contributions
Donations, ser
vice credit pay
ments, and other
misc. receipts
Interest and
profits on
investments
38,556
3,753
4,683
5,816
6,735
7,604
8,955
11,360
13,099
1,480
16,466
17,676
19,242
10,334
1,414
1,721
1,890
2,038
2,120
2,277
2,490
2,733
700
2,895
3,234
3,253
16,655
1,414
1,721
1,890
2,038
2,120
2,277
2,490
2,733
700
2,894
3,234
3,253
4,601
72
231
773
1,161
1,760
2,527
4,217
5,136
*
7,806
7/941
8,898
179
490
561
8,057
530
533
1,976
2 42
245
236
256
240
283
242
245
237
256
240
283
*
*
7,572
*
*
*
3
3
3
3
3
3
3
67
9
15
49
1,407
530
624
545
507
620
2,052
239
274
274
301
262
238
272
273
246
302
262
*
*
*
1
-*
*
3
2
3
3
3
3
49
76
-6
15
14
1,526
7,916
2,372
2,371
1
27
3,145
242
17
19
30
33
37
36
29
34
8
32
30
30
6,789
834
990
1,233
1,464
1,566
1,838
2,136
2,463
71
2,841
3,237
3,808
Assets, end bf period
Fiscal year
or month
1921-68.,
19b9....
1970....
1971....
1972....
1973....
1974....
1975....
1976....
T.Q....
1977.........
1978 (Est.).
1979 (Est.).
1977-July...,
Aug....,
Sept....
Oct....
Nov....
Dec....
L978-Jan..,
Feb..,
Mar..,
Apr..,
May..
June.
Fiscal 1978
to date....,
Total expenditures
other than
investments
Net increase, or
decrease (-), in
assets
Investments
172
48,295
49,403
19,001
20,321
22,047
24,727
27,668
30,866
34.331
38,607
43.435
42,665
49.596
56,357
63.436
42,642
42,375
49.596
49,182
48,877
49,968
49,584
49,325
48,990
48,579
48.331
49.423
20
10
-17
50
7
13
56
48
21
28
-37
-19
49,403
49.423
-19
19,383
2,40b
2,752
3,234
3,778
4,523
5,669
7,071
8,284
2,265
9,564
10,896
12,164
826
839
863
876
882
879
871
891
907
911
932
944
19,173
1,347
1,931
2,581
2,957
3,081
3,286
4,290
4,815
-785
6,903
6,780
7,078
-336
-277
7,194
-347
-349
1,097
-340
-267
-362
-404
-312
1,108
19,173
20,521
22,452
25,033
27,990
31,071
34,357
38,647
43,461
42,675
49.579
56,359
63,437
42,662
42,385
49.579
49,232
48,883
49,980
49,640
49,373
8,092
-176
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the 1979
Budget of the U.S. Government, released January 23 1978.
*
Less than $500,000.
*
Unexpended balance
m
199
405
306
322
205
26
40
26
11
-17
2
1
Treasury Bulletin
178
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-2. - Federal Old-Age and Survivors Insurance Trust FundV
(In millions of dollars)
Receipts
Fiscal year
or month
1937-68.........................
T . Q .............................
1 9 7 7 ...........................
1978 (Est.)....................
1979 (Est.)....................
Total 2/
Deposits by
States i j
215,014
27,348
31,746
33,982
37,916
43,639
50,935
58,763
62,327
16,186
191,445
23,693
27,196
28,849
32,114
37,187
43,465
50,119
52,900
14,259
12,636
2,260
2,758
3,066
3,596
4,131
4,989
5,898
6,654
1,847
10,976
1,013
1 349
1,618
1,718
1,848
2,296
2,349
80
-43
382
443
449
488
473
441
450
423
*
71,788
77,000
7,676
7,916
8,638
2,282
2,139
1,759
611
615
619
5,041
8,186
5,208
4,203
6,831
5,473
61,219
56,330
75,404
5,072
5,509
5,437
4,177
4,614
4,466
-35
2,614
-256
-15
2,130
-490
4
63
27
41
87
884
5,174
8,146
5,080
7,277
8,586
6,200
5,166
5,833
5,566
7,279
5,552
6,051
-2
2,245
-515
-50
2,985
-682
9
68
28
50
49
831
*
*
*
*
613
*
*
*
-2
_*
*
56,969
48,703
5,606
2,048
611
86,420
1977-July.....................
Oct.......................
1978-Jan......................
Feb.......................
M a r .......................
Apr......................
May......................
June.....................
Fiscal 1978
to date......................
Expenditures other than investments
Appropriations
2/
Net earnings
on investments
Other
2,040
X
Benefit
payments
Payments to Rail
road Retirement
Accounts 6/
181,331
23,732
26,266
31,101
34,540
42,170
47,847
54,839
62,164
16,874
4,069
491
579
613
724
783
909
982
1,212
-
73,479
81,665
89,578
6,321
6,312
6,410
6,386
6,555
6,448
71,271
78,988
87,137
1,208
1,632
1,344
6,560
6,524
6,610
6.563
6.563
8,112
6,457
6,437
6,525
6,455
6,445
6,438
1,589
60,319
57,897
1,589
Total 1 /
189,465 1 /
24,690
27,320
32,268
35,848
43,623
49,483
56,676
64,296
17,110
Expenditures other than investments - Continued
Fiscal year
or month
1937-68........................
1972............................
197 7 ...........................
1978 (Est.)...................
1979 (Est.)...................
1977-July......................
Au g.......................
Dec........................
Reimbursement
to general
fund 2 /
Reimbursement to,
or from (-), EDI,
FHI, and FSMI
Trust Funds
Net increase
or decrease
(-), in
assets
951
59
73
72
78
81
91
83
129
27
3,646
403
412
478
504
567
615
745
801
194
15
18
16
*
133
n.a.
n.a.
823
n.a.
n.a.
7
-27
10
10
10
10
71
65
64
94
63
89
76
75
78
109
74
22
-
-
721
22
_*
13
*
*
*
*
May........................
-1
*
Fiscal 1978
to date.........................
*
85
•*
*
-
See footnotes following Table GA-III-3.
-574
-4
-13
*
-7
11
12
17
3
22
“
-
Investments
Unexpended
balance
y
25,548
2,657
4,426
1,714
2,068
16
1,452
2,086
-1,969
-924
25,548
28,205
32,631
34,345
36,413
36,429
37,881
39,968
37,999
37,074
23,250
26,235
30,121
31,375
33,203
35,501
37,717
39,892
37,968
37,055
2,298
1,971
2,509
2,970
3,211
928
164
75
31
20
7
n.a.
n.a.
-1,691
-4,665
-3,158
-1,280
1,874
-1,202
-2,183
277
-975
35,384
30,719
27,561
34,712
36,586
35,384
33,200
33,477
32,502
35,410
30,704
27,546
35,697
36,429
35,410
33,163
33,114
32,417
-26
15
15
14
156
-26
37
363
86
1
-1,386
1,621
-1,531
715
2,023
-1,911
31,116
32,757
31,207
31,921
33,944
32,033
31,128
32,698
31,194
33,917
33,912
32,003
-11
40
33
4
33
30
5
-3,351
32,033
32,003
30
3
-
2
-
-
-
1
1
1
1
_
_
_
_
1
2
2
2
2
4
4
8
-15
2
-
11
Total
Other
41
7
1
2
7
7
5
2
2
13
12
10
10
6
10
10
1978-Jan........................
Feb........................
M a r ........................
Bureau of
0ASI 10/
-
Assets, end of period
Administrative expenses
Construc
tion 8/
_
_
_
_
6,236
6,268
6,319
6,313
6,451
6,375
August 1978
-
179
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section III - Trust Funds
Table GA-III-3. - Federal Disability Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
Total
1/
1957-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
Appro
priations
Deposits
by States
2/
2/
15,792.2/
3,705
4,380
4,910
5,291
5,946
6,768
7,920
8,355
2,172
9,374
12,723
15,110
1977..................
1978 (Est.)...........
1979 (Est,)...........
1977-July..............
Aug ...............
Sept.... .........
Oct...............
Nov ...............
Dec...............
13,996
3,195
3,770
4,124
4,363
4,911
5,602
6,580
6,958
1,873
8,094
1978-Jan...............
F eb ...............
M a r ...............
11,101
668
643
141
223
325
62
32
16
15
50
13,205 8 /
2,613
2,954
3,606
4,309
5,467
6,384
7,982
9,606
2,653
11,590
13,064
435
479
512
467
13
374
100
238
126
142
54
52
91
*
101
1
1,037
1,012
1,045
1,049
128
..
_
_
1
10
1 ,1 0 3
305
20
8
86
*
*
1,023
1,027
1,045
1,016
1,042
1,070
7,991
900
233
130
9,330
34
207
30
4
5
2
Expenditures other than investments - Cont.
Fiscal year
or month
Payments
to
Railroad
Retirement
Account 5/
1957r68...............
1970..................
1971..................
1972..................
1973..................
1975..................
T. Q...................
1977..................
1978 (Est.)...........
1979 (Est.)...........
1977-July . . . . . . . . . . . . . . . . .
Au g ..............
Sept.............
Nov..............
De c..............
1978-Jan...............
Feb...............
May...............
June..............
155
21
10
13
24
20
22
29
26
-*
49
33
-
-
_
Other
General
fund
745
124
138
179
197
233
141
45
8
9
10
12
12
13
240
12
249
65
17
4
357
21
326
410
26
34
26
28
37
29
1
-3
1
3
1
1
12,233
2,443
2,778
3,381
4,046
5,162
6,158
7,631
9,471
2,555
11,135
12,600
14,343
984
977
999
974
1,000
1,012
986
991
1,013
1,'007
995
1,006
8,984
Assets, end of period
Administrative:
Reimbursement to
SSA
trust
funds 6/
Benefit
payments
14,880
1,011
1,020
_
_
*
_
_
17
95
200
2
1,236
1,014
9,255
Total
V
10
6
6
92
1,048
1,012
Fiscal 1978
Other
229
*
10
894
Interest
and pro
fits on
invest
ments
388
15
59
115
724
667
549
606
530
897
1,092
1,223
1,273
1,042
1,494
May...............
1,091
337
371
446
490
500
633
776
839
286
805
1,258
1,526
13,213
684
794
7 88
565
715
953
Expenditures other than investments
27
17
19
23
30
40
50
70
-157
29
77
89
95
*
Net
in
crease,
or de
crease
(-), in
assets
2,587
1,092
1,426
1,305
Total
Invest
ments
Un
expended
balance
2/
2,587
3,679
5,105
6,410
7,392
7,871
8,255
8,193
6,941
2,351
3,492
4,$35
6,078
236
187
270
332
4,245
3,903
4,133
4,724
4,498
4,249
7
7
-2,216
-341
229
-327
-226
-249
-447
-330
-96
3,472
3,376
7,012
7,803
8,195
8,158
6,931
6,453
4,242
3,893
4,123
4,709
4,482
4,242
3,775
3,440
3,376
-126
65
177
257
*
423
3,250
3,316
3,493
3,750
3,750
4,174
3,219
3,312
3,505
3,763
3,737
4,154
-13
13
20
-76
4,174
4,154
20
12
10
8
-
2
1
1
30
30
28
24
1
38
28
2
2
2
5
7
7
6
7
6
30
242
16
59
982
479
384
-62
-1,251
-481
6,460
3,802
380
68
60
35
10
3
7
10
10
15
16
7
26
31
*
31
3
-12
Fiscal 1978J
Footnotes on following page.
Treasury Bulletin
180
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 1979 Budget of
the U.S. Government, released January 23, 1978.
1/ Includes payments for military service credits as follows: $16 mil
lion for each FY 1967, FT 1968, $32 million FT 1969, $16 million for
each FT 1970, 1971, $50 million FT 1972, $51 million FT 1973, $52 mil
lion and $3 million for interest on reimbursement of administrative
and vocal rehabilitation expenses FI 1974, $52 million military service
credits for FT 1975. Fiscal Year 1976 includes $90 million for mili
tary service credits. Fiscal Year 1977 includes $103 million for
military service credits. FY 1978 estimates include $128 million for
military service credits. FY 1979 include $142 million 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 (42 U.S.C. 418).
i j
Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.
Transition Quarter includes $27 million for vocational rehabilitation
services and $2 million for construction of buildings. Fiscal Year
1977 includes $77 million for vocational rehabilitation.
5/ 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. 228 e (k)).
6/ For appropriate share of administrative expenses, including interest,
paid from the trust fund during the preceding fiscal year as deter
mined by the Secretary of Health, Education, and Welfare (42 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 FQASI.
2/ Includes $27 million paid from Railroad Retirement Accounts in FY 1960.
8/ Excludes transactions for investments in non-Federal securities.
*
Less than $500,000.
Table GA-HI-2.
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1979 Budget of
the U.S. Government, released January 23, 1978.
1 / Includes transactions under the predecessor Old-Age Reserve Account.
2/ Total includes: $15 million transferred from general fund for ad
ministrative and other costs of benefits payable to survivors of
certain World War II veterans (60 Stat. 979 and 64 Stat. 512): $35
million (1937-59), paid from the Railroad Retirement Accounts; begin
ning November 1951, small amounts 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 1968, $156 million FY
1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972,
$138 million FI 1973 and $139 million FI 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
$303 million FY 1974 for benefits for the aged. Fiscal Year 1975
includes $140 million for military service credits and $307 million
for special benefits for the aged. Fiscal Year 1976 includes $157
million for military service credits and $268 million for special
benefits for the aged. Fiscal Year 1977 includes $378 million for
military service credits and $236 million for special benefits for
the aged. Fiscal Year 1978 estimates include $385 million for inilitary
service credits and $228 million for special benefits for the aged.
Fiscal Year 1979 estimates include $384 million for military service
credits and $230 million for special Denefits for the aged.
2/
y
5/
y
2/
£/
2/
10/
Includes unappropriated receipts from January 1962 to June 1965.
To cover employees of States and their political subdivisions, under
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
00).
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 Insur
ance 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.
August 1978
181
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-4. - Federal Hospital Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal year
or month
Net
Appro
priations
Federal
payment
7,907
6,580
6?2
532
5,344
5,614
6,018
6,031
8,352
11,610
12,568
13,544
3,516
3,997
4,340
4,412
4,692
6,938
9,503
10,077
10,718
2,918
12.372
14,844
17,889
1,043
1,134
1,104
859
950
936
771
628
874
551
429
499
529
658
-
426
Total
1/
1966-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975............. .
1976..................
1977..................
1978 (Est.)...........
1979 (Est.)...........
1977-July............
Sept............
Oct.............
1978-Jan.............
Feb.............
M a r .............
May.............
15,374
18,489
21,961
1,071
1,230
1,291
862
1,097
1,792
1,192
1,405
2,332r
1,582
1,326
2,382
486
534
725
1,099
1,214
1,314
448
1,276
1,750
2,062
_
Other
60
113
96
137
180
188
196
445
944
860
911
54
64
66
66
64
103
140
146
145
406
608
708
5
770
818
873
3
24
93
12
217
226
1
1
1
1
2
1
2
1
1
180
7
*
144
329
383
-
3
53
325
39
26
393
4
3
3
5
9
361
214
860
1,312
771
223
143
1,183
1,348
1,286
1,538
1,290
1,414
Interest
and pro
fits on
investments
Deposits
by States
-
717
-
2
1
Ir
*
1
Fiscal 1978
13,971
10,805
Expenditures other than investments
Fiscal year
or month
1966-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1977..................
1978 (Est.)...........
1979 (Est.)...........
1977-July.............
Au g..............
Sept.............
Oct..............
Nov..............
De c..............
1978-Jan..............
Feb..............
M a r ..............
Total
Benefit
payments
6,476 2 /
4,758
4,953
5,592
6,276
6,244
4,654
4,804
5,443
6,109
6,649
7,807
10,355
12,270
3,315
14,912
17,496
19,919
6,842
8,065
10,612
12,579
3,404
15,207
17,880
20,329
1,221
1,402
1,282
1,388
1,419
1,618
1,198
1,390
1,259
1,372
1,410
1,574
Adminis
trative
expense
232
104
148
149
165
192
258
256
308
Construc
tion
_
-
1
*
1
1
*
*
-
88
1
295
383
409
23
*
11
22
16
9
44
1,317
1,268
1,611
1,469
1,573
1,608
1,308
1,235
1,580
1,424
1,539
1,564
9
32
32
45
33
44
13,272
13,005
264
2
1
*
1
*
*
-
Net
in
crease,
or de
crease
(-), in
assets
1,431
586
661
426
-244
1,510
3,545
1,956
966
112
Total
1,431
2,017
2,677
3,103
2,859
4,369
7,914
9,870
10,836
Invest
ments
1,370
Un
expended
balance
2,653
3,030
2,884
60
15
24
73
-25
4,222
146
2,001
7,864
9,761
10,942
11,009
10,974
11,704
13,355
49
109
-106
-61
141
175
10,948
11,115
11,724
13,355
11,277
11,105
11,115
10,589
10,267
10,442
-126
10,316
10,454
ll,174r
11,287
11,040
11,814
10,123
10,275
11,165
11,286
11,037
11,855
193
179
9r
2
3
-41
11,814
11,855
-41
167
609
1,632
-150
-172
10
-526
-322
138
2
-
721r
113
-247
774
2
770
-
Assets, end of period
11,201
11,195
10,974
10,576
10,870
11,180
20
20
76
-90
141
13
-603
-738
Fiscal 1978
Source:
Ifonthly Treasury Statement of Receipts and Outlays of thfe
United States Government. Budget estimates are based on the 1979
Budget of the U.S. Government, released January 23, 1978.
1/ Includes nominal amounts of other receipts. Includes receipts and
interest from Railroad Retirement Accounts-net settlement of $16
million FY 1967, $44 million FY 1968, $54 million FT 1969, $64
million FT 1970, $66 million FY 1971, $66 million FY 1972, $63
million FY 1973, $99 million FY 1974, $127 million FY 1975,
$131 million FY 1976, and $143 million Transition Quarter.
2 / Represents payments tor military service credits of $11 million
for each FY 1967 and 1968, $22 million FY 1969, $11 million
2/
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 1969, $617
million FY 1970, $863 million FY 1971, $503 million FY 1972, $381
million FY 1973, $451 million FY 1974 and $451 million FY 1975.
FY 1976 includes $610 million for transitional coverage and $48 million
for military service credits. FT 1977 includes $803 million for
transitional coverage and $141 million for military service credits.
FY 1978 estimates include $688 million for transitional coverage
$143 million for military service credits. FY 1979 estimates include
$734 million for transitional coverage and $141 million for military
service credits.
Excludes transactions for investments in non-Federal securities.
Less than $500,000. r
Revised
182
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Table GA-III-5.
Section III - Trust Funds
Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)
Receipts
Fiscal Yeat*
or month
Federal
contri
butions
Tdtal 1 /
1967-68.,..
2,638
196 9
197 0
.
197 1
197 2
197 3
197 4
.
197 5
.
197 6
.
T.Q.........
1,911
1,876
2,516
2,734
2,902
3,809
4,336
4,980
1,421
1977.,....,,
1978 (Est.).
1979 (Est.).
1977-juiy...
Aug. ...
Sept...
Oct....
Nov....
Dec....
1978-Jan....
Feb....
Mar....
Apr....
May.
June...,
Fiscal 1978
to date...,
1,345
903
936
1,253
1,340
1,427
1,579
1,750
1,769
492
1,257
984
928
1,245
1,365
1,430
2,029
2,330
2,939
878
7*383
8,992
9,742
658
693
429
210
1,210
1,083
669
758
704
728
707
797
1,987
2,178
2,373
173
174
173
181
172
175
173
5,053
6,383
6,853
182
1,017
811
476
540
501
519
499
500
6,867
1,599
4,863
176
173
178
Adminis
trative
expenses
1967-68
Construc
tion
280
-
195
216
247
287
245
409
404
528
_*•
*
-
132
1
1977......................
1978 (Est.)...............
1979 (Est.)...............
1977-July.................
Aug..................
Sept.................
Oct..................
Nov..................
Dec..................
475
611
655
42
41
40
52
75
109
*
*
1978-Jan..................
Feb..................
Mar.....
Apr..................
May..... ............
June.................
Fiscal 1978
to daxe.................
-84
*
1971......................
*
2
2
-
*
1
66
58
32
51
116
474
8
233
191
265
*
1
3
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates based on the 1979 "Budget
of the U.S. Government, released January 2 3 ^ 1978.
1/ Includes $2 million FY 1973, $1 million FY 1974, and $1 million
FY 1975 for interest on reimbursement of administrative and vocational
rehabilitation expenses. Premiums collected for the disabled were
526
166
-220
20
1,041
1,301
6a
159
99
-150
-358
609
463
352
29
0&
148
50
79
1,379
183
5,487
5,010
22
14
10
97
1
1
5,867
7,078
8,424
457
552
538
516
526
511
400
664
638
548
605
603
19
19
17
25
20
2
77
2
5
307
71
20
19
6,342
7,691
9,050
499
593
578
569
602
620
316
729
696
580
657
719
258
16
21
19
3
7
-321
2,054
1,645
1,979
2,035
2,255
2,391
2,874
3,765
4,672
1,269
230
2
1
2,331
1,840
2,196
2.283
2,544
2,637
3.283
4,170
5,200
1,401
2
124
152
168
46
210
132
Net
increase,
or de
crease
(-), in
assets
Benefit
payments
-699
1
201
258
1
468
188
All
other
735
23
12
17
29
43
77
104
104
4
496
234
Expenditures other than investments-Continued
Fiscal year
or month
Expenditures other than investments
Interest
and pro
fits on
invest
ments
22
Assets, end of period
Total
307
378
57
290
Invest
ments
Un
expended
balance
481
281
358
13
257
478
700
1,231
1,378
1,238
1,244
2,279
3,581
4,242
^,330
2,429
2,279
1,921
2,530
2,992
2,232
47
2,232
3,226
5
37
-40
47
-4
-454
-233
3,345
3,374
3.382
3/530
3,580
3,659
3,291
3,495
3,675
3,581
3 ,68b
3,807
-100
-148
3,659
3,807
-148
746
1,272
1,438
1,219
1,230
3,576
4,237
2,293
2,469
1,925
2,984
25
20
44
33
3
46
41
60
-12
-5
5
54
-121
-293
-50
$125 million FY 1974, $151 million FY 1975, $168 million FY 1976
$46 million Transition Quarter, and $206 million FY 1977. FY 1978
estimates include $230 million of premiums collected from disabled
participants. FY 1979 estimates include $258 million of premiums
collected from disabled ■oartl <*ipants.
Less than $500,000.
-
August 1978
183
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-HI-6. - Railroad Retirement Accounts
(In millions of dollars)
Expenditures other than investments
Receipts
Fiscal year
or month
Total
1/
1963-68.................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
1977....................
1978 (Est.).............
1979 (Est.).............
1977- July...............
Au g................
Sept...............
Oct................
Nov.............. ... .
De c................
1978-Jan................
Fe b ................
Mar,.,.^...........
Ma y ................
Appro
priations
2/
Interest
and pro
fits on
invest
ments
15,387
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
1,858
2,053
34
313
139
52
304
163
2,315
192
212
247
258
262
254
274
246
16
230
200
175
*
10
4
6
13
77
4,222
513
589
626
749
802
931
1,010
1,239
1,208
1,681
1,377
_
_
_
-
650
96
103
109
82
103
31
4
250
250
234
297
16
305
419
24
325
1,646
16
294
166
20
310
-20
*
11
4
4
14
48
_
_
_
250
1,618
-
3,349
1,306
175
1,618
250
Expenditures other than investments-Continued
1963-68...
196 9
197 0
197 1
197 2
197 3
197 4
197 5
1976.....
T.Q......
All
other
22,574
1,686
1,823
1,962
2,097
2,356
2,627
2,777
3,260
344
3,596
3,973
3,902
34
324
143
58
317
239
Fiscal 1978
Fiscal year
or month
From FOASI
and FDI
trust
funds 2 /
To
Unemploy
ment
Trust
Fund j J
653
47
45
51
60
35
3
Adminis
trative
expenses
273
15
16
19
20
20
22
25
28
17
1977 ....
1978 (Est.)
1979 (Est.)
19 V?-J uly.,
Aug..,
Sept.,
Oct..,
Nov..,
D e c ..,
91
34
34
9
7
10
9
1978-Jan..
Feb..,
lifer..
Apr ..
May ..
June..
fiscal 1978
to date***'
10
10
All
other
-32
6
9
12
6
5
6
7
7
*
n.a.
n.a.
11
7
_
_
_
_
-
-
_
_
_
_
-
-
_
“
17,973
1,595
1,653
1,968
2,199
2,480
2,679
3,083
3,482
937
17,079
1,533
1,586
1,889
2,107
2,419
2,649
3,052
3,448
913
3,860
n.a.
n.a.
331
322
339
342
332
334
3,768
4,060
4,246
322
325
329
333
321
327
337
342
306
336
334
346
327
332
294
*327
328
326
3,008
2,913
Assets, end of period
Invest
ments
Un
expended
balance
1/
4,427
4,498
4.724
4,695
4,585
4,609
4,549
4,259
4,013
3,353
174
194
-102
-124
-51
-305
-223
-592
4,601
Z.,692
4,863
4,857
4,755
4,631
4,581
4,275
4,053
3,460
-263
-121
-378
-296
-9
-196
-284
-15
-94
3.197
3,076
2,698
3,402
3,393
3.197
2,913
2,898
2,804
3,182
3,098
2,720
3,341
3,357
3,182
2,947
2,935
2,859
15
-22
-22
61
36
15
-34
-37
-55
-321
2,795
2.725
2,580
2,291
2,287
3,603
-312
4,601
92
170
-6
17
1,301
17
342
3.539
6
_
_
_
2,483
2,446
2,559
2,247
2,238
3.539
9
-
_
Benefit
payments
Total
SJ
585
78
84
87
62
81
9
-
-
Net
increase,
or de
crease
(-), in
JMBffte____
-37
113
-312
-9
12
2
-
From
Unemploy
ment
Trust
Fund A /
3,603
138
162
170
23
32
16
40
107
-279
-2 0
-44
-50
-64
-64
Source: Monthly Treasury Statement of Receipts and Outlays of the United
Old-age and survivors and Federal disability so as to place those
funds in the position in which they would have been if railroad em
States Government. Budget estimates are based on the 1979 Budget of
the U.S. Government, released January 23, 1978.
ployments after 1936 had been included in social security coverage
2 / Includes payment for military service credits beginning fiscal 1965.
(45 U.S.C. 228© (k)). For detail see Tables GA-III-2 and GA-III-3.
For detail see Table GA-III-7. Receipts include repayment and interest.
Also includes Federal payment for dual benefits and interest transferred
Includes $62 million (1963- 64) paid to Federal Old-age and survivors
to Federal Hospital Insurance trust funds.
and disability insurance trust funds and $16 million FI 1967 to Fed
2 J Includes the Government's contribution for creditable military service
eral Hospital Insurance trust fund; beginning FI 1968 excludes trans
(45 U.S.C. 228e-l (n)) through fiscal 1964 and unappropriated transfers
of tax receipts, and beginning FI 1968 includes transfers of,receipts to
actions for investments in non-Federal securitiesj and includes pay
Federal Hospital Insurance trust fund of $44 million FI 1968, $54 mil
ments to Railroad Unemployment Trust Fund of $5 million FI 1970, $10
lion FI 1969, $61 million FI 1970, $63 million FI 1971, $64 million FI
million FI 1971, $12 million FI 1972, $6 million FI 1973, and $5 mil
1972, $61 million FI 1973, $96 million FY 1974, $132 million FI 1975,
lion FI 1974.
$131 million FI 1976 and $136 million Transition Quarter. Estimates include £/ Paid from the trust fund beginning 1950*(63 Stat. 297). Includes regional
transfers of receipts to Federal Hospital Insurance trust fund of $187
rail transportation protective account.
million for FI 1978 ana $193 million for FI 1979.
2 / Includes unappropriated receipts.
2/ Payment are made between the Railroad Retirement Account and Federal
n<a< Not available.
* Less than $500,000.
184
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-7. - Unemployment Trust Fund—Continued
(In millions of dollars)
Expenditures other than investments -
Continued
uo, euu ui
jjgx'x u u
Railroad Unemployment Insurance
Railroad Unemployment Insurance Account 6/
Fiscal year
or month
Repayment of advances to
Benefit
payements
Temporary
extended
benefit
payments
Railroad
Retirement
Accounts
General
fund
All
other
23/
1936-68.............. .
1969................. .
1970................. .
1971................. .
1972................. .
1973................. .
1974..................
1975................. .
1976................. .
T . Q .................. .
3,038
97
93
95
120
73
50
67
218
47
1977., ................
1978 (Est.).......... .
1979 (Est.)...........
1977-July .............
180
208
186
10
14
13
13
15
16
19
-
_
1978-Jan..............
Feb..............
Mar..............
Apr..............
Ma y..............
June.............
Fiscal 1978
19
24
25
16
11
9
-
to date............
146
-
Sept.........
Oct..............
Nov..............
Dec..............
585
78
84
87
62
81
9
*
*
3
Administra
tive
expenses
19
-
100
2
2
1
-
1
1
1
1
1
1
*
1
1
1
1
1
-
7
-
-
*
-
1
3
*
*
*
Adminis
tration
fund
2/
Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 197° Budget of
the U.S. Government, released January 23, 1978.
1/ State unemployment funds used for benefit payments. For the period
August 1961 to February 1964, withdrawls by States were reduced by
reimbursements to State accounts from the Federal Extended Compen
sation Account.
2/ Established by the Employment Security Act of I960, approved Sep
tember 1 3 , I960 (42 U.S.C. (a)), into which are deposited tax
receipts transferred in accordance with the act and from which are
paid the administrative expenses of the employment security program
and reimbursement for tax refunds. Receipts consist of appropri
ated and unappropriated transfers of tax collections.
2 / Net of repayments.
i j
Amounts represent excess of collections from Federal Unemployment
tax over expenditures for benefits and administrative expenses
which excess was appropriated from the general fund to this account.
(Includes amounts appropriated to the State Unemployment Accounts.)
Beginning 1961, such excess is transferred between book accounts
within the Unemployment Trust Fund.
5 / Extended unemployment compensation benefits under the employment
security amendments of 1970 (P.L. 91-373) and the amendments to the
Social Security Act (P.L. 92-224).
£ / For payment of benefits and refunds (45 U.S.C. 360). Figures ex
clude interim advance of $15 million from the Treasury and subse
quent repayment, both in 1940.
2 / Contributions under the Railroad Unemployment Insurance Act of 19 3 8 ,
as amended (45 U.S.C. 360 (a)), in excess of the amount specified
for administrative expenses. Through 1957, also included transfers
from the administration fund of excess amounts over the specified
balance (45 U.S.C. 361 (d)).
£/ Temporary advances are made when the balance in the Railroad Unem
ployment Insurance Account is insufficient to meet payments of
_
9/
10/
11/
22/
13/
"}/, /
15/
16/
17/
18/
*
83
6
6
7
8
7
7
7
9
2
9
10
9
Net
increase
or
decrease
( - ), in
Total
Invest
ments
11,618 18/
12,652
13,137
11,293
9,807
11,099
12,428
7,412
5,706
5,540
6,423
10,023*
15,223
11,563
12,587
13,008
11,241
9,813
10,957
12,121
7,183
4,810
4,914
5,987
Unexpended
balance
assets
11,618
1,034
4 85
-1,844
-1,486
1,293
1,328
-5,016
-1,706
-166
883
3,600
5,200
16
1,189
-811
-343
467
-730
-778
348
-804
580
3,652
-540
1,852
6,044
7,233
6,423
6,080
6,547
5,817
9,587
14,787
5,522
6,834
5,987
5,718
6,262
5,490
5,039
5,387
4,583
5,163
8,815
8,275
4,937
5,246
4,555
5,083
8,665
7,817
8,275
7,817
55 16/
65
129
52
-6
143
306
228
896
625
435
436
436
522
400
435
362
285
327
102
142
28
79
li>0
457
457
benefits and refunds due or to become due. Whenever the balance is
sufficient to pay such benefits and refunds, repayments are made,
plus interest at 3% per annum, pursuant to an act approved May 19,
1959 (45 U.S.C. 360 (d)).
Consists of specified proportion of contributions deposited in the
fund to be available for administrative expenses. The Railroad Un
employment Insurance Administration Fund was established in the Un
employment Trust Fund pursuant to the amending act of September 6,
1958; before that the administration fund was a separate trust
fund (45 U.S.C. 361).
Total includes $107 million transferred fron State accounts to the
Railroad Unemployment Insurance Account in connection with its
establishment (45 U.S.C. 363). Beginning fiscal 1961 refunds of
taxes (principal only) are reported as deductions from receipts.
Interest paid on refunds of taxes is included under expenditures.
Established b y the act approved March 24, 1961 (42 U.S.C. 1105 (a)),
which provides for a temporary program of extended unemployment
compensation payments.
Includes $5 million FT 1970, $10 million FY 1971 and $12 million FY
1972, $6 million FY 1973, and $5 million FY 1974 from Railroad
Retirement Unemployment Insurance Account.
Beginning FY 1967 excludes transactions for investments of nonFederal securities.
Includes payment of $50 million from the extended unemployment
account to the general fund.
Includes $1,029 million transferred to the Department of Labor for
grants to States.
Includes unappropriated receipts beginning September i960.
Includes interest.
Includes an adjustment of $7 million pursilant to the act of Septem
ber 6, 1958 (U.S.C. 361 (a)).
less than $500,000.
August 1978
185
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-7. - Unemployment Trust Fund
(In millions of dollars)
Receipts
Employment Security Programs
Fiscal year
or month
State
accounts
1/
Total
Deposits
by
States
1936-68...............
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
1978 (Est.)...........
1979 (Est.)........... .
1977- July.............
Aug..............
Sept.............
Oct..............
Nov..............
Dec..............
1978-Jan..............
Feb..............
Mar..............
Apr..............
M a y ..............
June..............
Fiscal 1978
to date.............
66,409
3,899
4,119
4,371
5,498
6,725
7,486
8,195
16,215
3,378
Employment Security
Administration
Account 2/
Appro
priations
10/' 51,271
1 2,561
12/
2,564
12/
2,582
12/
3,226
I 2/
4,634
12/
5,264
5,299
4,963
633
770
964
1,011
1,297
1,454
1,355
6,404
2,289
9.252
11,600
13,800
648
1,900
65
436
1,132
65
1,531
371
259
883
88
1,002
143
304
9
390
4,532
237
3,699
112
788
17
10,768
7,677
1,842
14,986
15,400
16,800
942
2,190
110
561
1,320
280
406
1,461
455
1,516
1,875
2,600
2,300
149
257
-20
103
79
9
Advances
from
general
fund
2/
Federal
Unment
Account
Board
u
339
_
.
_
_
_
_
-
_
_
_
300
_
_
-
Railroad Unemployment Insurance
Federal
Extended
Compen
sation
Account
573
146
-9
785
7,878
625
3,442
-
_
-
1/
3/
2,655
126
123
119
112
113
111
109
110
34
75
110
_
250
300
110
169
205
206
3
4
46
3
5
46
1
4
44
1
_
-
12
37
140
_
4
_
_
_
-
-
Railroad
Retire
ment
accounts
833 11/(
845
Adminis
tration
tund J2/
Advances from
Deposits
toy
Railroad
Retire
ment
accounts
1/
-
-
Railroad Unemployment
Insurance Account 6/
General
fund
.
_
_
-
Deposits
toy
Railroad
Retire
ment
Board
Interest
and
profits
on
invest
ments
_
-
_
_
_
_
_
-
90
8
8
8
7
7
7
7
8
3
15
15
15
*
*
3
*
*
3
*
•*
3
*
5,480
523
604
637
496
487
650
639
283
55
232
380
478
2
29
12
20
28
47
3
19
•11
12
-
-
1
2
33
68
10
242
653
47
45
51
60
35
3
_
_
_
_
_
_
_
-
-
_
_
300
_
_
_
_
_
_
153
All
other
125
1
5
10
13
6
6
1
_
_
_
_
_
_
_
-
_
-
Expenditures other than investments
Fiscal year
or month
1936-68...............
T.Q...................
1977..... ............
1978 (Est.)...........
1979 (Est.)..........
State ac
counts 1/
Total
12/
54,790
2,865
3,634
6,216
6,984
5,433
6,158
13,211
17,920
3,544
14,103
11,800
11,600
Withdrawals
by States
10/
,
U /
15/
16/
Employment Security Programs
Employment Security Administration Account 2/
Grants
to
States
Payments to general fund
Reimburse
Interest on
ments and
advances
recoveries
and refunds
45,412
2,061
2,793
5,229
5,978
4,405
5,139
11,958
16,413
3,106
12,339
9,991
9,657
3,560
588
624
756
776
814
832
1,117
1,213
380
1,514
235
10
11
12
13
25
43
32
37
1
24
1,529
1,684
Salaries
and
expenses
108
21
18
26
25
27
27
29
30
8
32
25
26
25
4
5
2
1
*
1
1
1
*
1
2
2
35
37
Federal Extended Compensation
Temporary
Repayment
extended
of advances
compen
sation
from gen
payments
eral fund
768
*
792
46
-
-
-
_
_
-
-
-
-
-
_
50
-
-
-
-
-
_
-
-
926
1,001
921
904
853
1,010
800
836
7£6
767
740
855
113
145
165
120
94
135
*
1
*
*
*
*
*
-*
*
*
*
*
2
3
3
3
3
3
1978-Jan.............
Feb.............
Ma r.............
Ap r.............
Ma y.............
June............
Fiscal 1978
to date....... .
1,184
1,113
1,260
936
880
777
1,052
963
1,093
771
741
593
100
114
130
141
124
170
9
8
8
5
1
1
*
*
*
*
*
*
3
3
3
3
3
3
_
_
8,916
7,576
33
*
25
-
-
1,128
-
-
1977-July............
A ug.............
Sept............
Oct.............
Nov.............
Dec.............
Footnotes at end of' table.
Account 1 /
Reim
bursement
to State
Accounts
1/
_
_
-
_
_
_
_
-
186
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section III - Trust Funds
Table GA-III-8. - National Service Life Insurance Fund
(In millions of dollars)
Receipts
Fiscal year
or month
Total
1944-68..............
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
1977 ................
1978 (Est.)..........
1979 (Est.)...........
1977-July............
Sept............
Oct.............
Nov.............
Dec.............
1978-Jan.............
Feb.............
Apr.............
Ma y .............
June............
Fiscal 1978
Premiums and
other receipts
Transfers from
general and
special funds
Interest and
profits on
investments
Expenditures other
than investments
(benefits, net lending
refunds, and
dividends)
Net increase
or decrease
(-), in
assets
Assets, end of period
Total
Invest
ments
Unexpended
balance
6,228
6,301
6,320
6,403
6,465
6,737
6,915
7,026
7,241
7,266
4
13
21
20
11
18
25
19
23
17
1
7
204
6,233
6,315
6,341
6,423
6,476
6,755
6,941
7,045
7,264
7,283
7,498
7,770
7,984
7,490
7,498
7,498
7,499
7,506
7,710
7,4 85
n.a.
n. a.
7,483
7,487
7,485
7,485
7,486
7,700
13
n.a.
n. a.
7
11
13
15
20
10
1
*
225
62
58
72
56
68
52
-23
-13
-23
-14
-28
212
7,687
7,675
7,651
7,637
7,610
7,822
7,673
7,664
7,642
7,624
7,595
7,800
14
11
9
13
15
22
454
489
324
7,822
7,800
21,640
708
711
744
773
798
808
835
852
155
913
972
964
39
46
36
38
42
253
12,767
478
463
470
478
487
468
465
452
147
478
500
462
39
39
36
37
42
34
4,776
6
3
3
2
2
2
2
2
1
2
2
2
*
*
*
*
*
*
4,096
225
245
271
292
309
338
368
398
8
39
45
49
42
40
265
39
39
48
41
39
39
*
*
*
*
*
*
*
6
*
813
358
2
433
470
500
*
6
*
1
219
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based on the 1979
Budget of the U.S. Government, released January 2 3 , 1978.
Note: This fund was established by the National Service Life Insurance
15,407
627
685
661
720
519
623
731
633
136
698
700
750
44
38
36
37
35
49
6,233
82
26
82
53
279
186
104
219
19
215
272
214
-5
8
-*•
Act of 1940 (38 U.S.C. 720).
1/ Excludes transactions for Investment in non-Federal securities.
*
Less than $500,000.
n.a. Not available.
22
187
August 1978
_ _ _ _ _ _ _
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
-
Section III - Trust Funds
Table GA-III-9. - Investments of Specified Trust Accounts in Public Debt Securities
and Agency Securities by Issues, as of
June 30, 1978
(In millions of dollars)
Investment securities
Type and rate
Payable
date
Issue
date
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
Public issues:
Notes:
8 -3 / 4 % . ....................
6 .........................
6-1/4......................
9 .........................
7 .........................
8 .........................
8-1/8 .....................
7-7/8 .....................
3onds:
4 % .........................
2-3/4-Invest. Ser. B .....
3-1/2 .....................
7 .........................
3-1/4 .....................
6-3/8 .....................
4-1/4 .....................
3-1/4 .....................
6-1/8 .....................
3-1/2 .....................
8-1/4 .....................
4-1/4 .....................
4 .........................
7-l/2 .....................
4-1/8 .....................
3 ..........................
3-1/2 .....................
8-1/2 .....................
7-7/8 .....................
8-3/8 .....................
8 ..........................
7-5/8 .....................
8A5/78
11/L5/78
8/L5/79
8/L5/80
2A5/81
5A5/82
8A 5/82
11A 5/82
5A5/74
1 1A 5 / 7 1
8/15/72
8 /1 5/14
2/15/74
5/15/15
8 /1 5/15
1 1/11 /1 5
2A5/80
4/01/75-80
11A5/80
8A5/81
6A5/78-83
1/23/59
4/01/51
10/03/60
8 /1 5/84
8 /1 5/12
5A5/75-85
5/15/85
11A5/86
2A5/90
5A 5/90
8 A 5/87-92
2A5/88/93
8A 5/88/93
5A5/89/94
2A5/95
11A 5/98
5A5/94-99
2A5/95-00
8A 5/95-00
8A5/96-01
5 /1 5 / 00-05
2A5/02-07
8 /1 5 /H
5/01/53
4/05/60
6/03/58
11A5/71
2 /1 4/58
4/7/75
8A5/62
1 /1 1 /6 3
8 /15/13
4A8/63
2 /1 5/55
10/03/60
5/L5/74
2/18/75
8 /1 5/15
8A6/76
5 /15/15
2 /1 5 /H
Total ........................
Government account series:
Certificates:
6-3/4$....................
Notes:
6-5/8$.....................
8 .........................
8-1/4......................
Bonds:
8-1/4$.....................
7-5/8......................
7-3/8......................
7-1/2......................
7-1/8......................
Total........................
Agency Securities:
Participation Certificates:
5.20$.....................
5.10......................
5.40......................
6.05......................
6.45......................
6.20......................
6/30/79
6/30/78
6/30/80
6/30/81
6/30/85
6/30/73
6/30/74
6/30/78
6/30/79-85&93
6/30/81-89
6/30/81-90
6/30/81-91
6/30/78&79,
81-92
1/19/82
4/06/87
12/11/87
2/01/88
4/08/88
8/12/88
6/30/78
6/30/74
6/30/75
6/30/76
6/30/77
1/19/67
4/05/67
12/11/67
1/30/68
4/08/68
8/12/68
-
2
-
153
1,065
449
50
60
32
78
26
556
30
15
21
11
33
100
91
70
552
6
22
50
91
22
15
3,522
81
27
68
5
26
4
10
299
_
_
-
-
“
3
139
43 8
45
127
3
2
10
“
-
106
745
53
53
33
14
100
113
-
:
-
-
-
126
6
150
47
7
20
65
14
6
13
30
*
15
"
499
_
1,639
199
_
-
-
_
7,268
5,256
6,190
6,065
3,147
1,899
519
543
584
27,926
100
50
75
65
35
230
-
1,954
310
2,153
3,651
2,063
1,775
524
3,855
11,805
3,807
_
_
_
_
_
50
_
_
_
Total .......................
555
-
50
Total Securities...............
32,003
4,154
11,855
Less than $500,000.
-
558
177
162
757
_
925
2,179
106
18
174
43
2,324
5.493
_
_
_
_
_
_
_
3,105
_
_
_
5,493
_
_
_
_
_
_
_
-
-
-
_
_
-
-
-
3,807
3,604
7,817
188
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS
September 1977 through August 1978
Issues and page numbers
1978
1977
Article:
Treasury financing operations............. .............
May
June
VI
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
-a
5
6
7
8
10
11
1
...
10
11
10
11
12
10
11
10
11
10
11
12
10
11
...
12
Jan.
Feb.
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
...
10
11
10
11
Nov.
VI
VI
1
3
5
6
7
8
10
11*
Federal fiscal operations:
Summary of fiscal operations............................
Budget receipts by source...............................
Chart - Budget receipts by source......................
Budget outlays by agency................................
Undistributed offsetting receipts......................
Budget outlays by function..............................
Investment transactions of Government accounts in
Federal securities (net)..............................
Trust fund transactions.................................
Selected accrual data reported by Federal agencies....
Detail of excise tax receipts...........................
Summary of internal revenue collections by States
and other areas........................................
...
...
...
...
...
10
11
12
13
...
...
...
...
Federal obligations........................................
13
14
15
13
16
Aug.
Apr.
Dec.
Oct.
Sept.
...
Mar.
July
VI
...
...
...
12
...
13
...
...
13
...
15
13
...
...
...
...
17
Account of the U. S. Treasury:
Status of the Account of the U.S. Treasury.............
Elements of changes in Federal Reserve and tax
and loan account balances.............................
Gold assets and liabilities of the Treasury............
16
17
21
19
19
13
16
15
21
16
14
20
17
18
18
19
22
23
20
21
20
21
14
15
17
18
16
17
22
23
17
18
15
16
21
22
Monetary statistics:
Currency and Coin in Circulation.......................
19
20
24
22
22
16
19
18
24
19
17
23
23
17
20
19
25
20
18
24
20
21
19
20
25
26
20
21
18
19
24
25
Federal debt:
Summary of Federal debt.................................
Computed interest charge and computed interest rate
on interest-bearing public debt......................
Interest-bearing public debt............................
Maturity distribution and average length of market
able interest-bearing public debt....................
Government account series...............................
Interest-bearing securities issued by Government
agencies...............................................
Participation certificates..............................
Debt subject to statutory limitation...................
Status and application of statutory limitation.........
Treasury holdings of securities issued by Government
corporations and other agencies......................
Description of securities of Government corporations
and other business-type activities held by the
Treasury...............................................
Public debt, operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding............................
Offering of bills........................................
New money financing through regular weekly Treasury
bills..................................................
Offerings of public marketable securities other than
regular weekly Treasury bills.........................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations...
Allotments by 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 countries............
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign
countries...............................................
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................
United States savings notes;
Sales and redemptions by periods.........................
Ownership of Federal securities;
Distribution by classes of investors and types of
issues..................................................
Estimated ownership by private investors................
20
21
20
21
21
22
25
26
23
24
23
24
17
18
21
22
22
23
26
27
24
25
24
25
18
19
21
22
20
21
26
27
21
22
19
20
25
26
23
24
25
26
24
25
26
27
28
29
30
31
26
27
28
29
26
27
28
29
20
21
22
23
23
24
25
26
22
23
24
25
28
29
30
31
23
24
25
26
21
22
23
24
27
28
2Q
30
27
28
32
30
30
24
27
26
32
27
25
31
...
30
...
...
32
...
...
28
...
29
30
34
35
34
35
32
33
36
37
26
27
29
30
32
33
34
35
29
30
31
32
33
34
33
38
38
36
40
30
33
36
38
33
35
37
37
42
42
40
44
35
38
41
43
35
37
39
42
47
47
45
49
40
43
46
48
38
40
42
46
51
51
49
53
44
48
51
53
43
45
47
51
56
56
54
58
49
53
56
58
45
48
50
55
60
60
58
62
53
57
60
62
47
51
53
62
67
67
65
69
61
65
69
71
55
59
61
65
70
70
68
72
64
68
72
74
57
61
63
65
66
68
70
71
73
70
71
73
68
69
71
72
73
75
64
65
67
68
69
71
72
73
75
74
75
77
57
58
60
61
62
64
63
•••/
...
...
67
...
25
23
74
75
...
...
...
...
76
77
27
...
62
63
66
67
70
81
64
68
71
...
...
76
72
76
68
72
78
78
61
70
71
75
76
77
78
73
74
77
78
69
70
73
74
79
80
80
77
79
75
79
71
Treasury survey - commercial bank ownership...............
...
...
...
...
...
75
75
81
...
68
74
72
66
65
69
Treasury survey of ownership...............................
64
75
August 1978
189
___ CUMULATIVE TABLE OF CONTENTS__
September 1977 through August 1978-Continued
Issues and page numbers
1977
Sections
Sept.
Market quotations on Treasury securiti^:.
End-ofnmonth closing quotations........................
Chart - Yields of Treasury securities..................
Average yields of long-term bonds:
Average yields of long-term Treasury, corporate, and
municipal bonds........................................
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds........................
Exchange, Stabil^z^AQfl Fynd:
Balance sheet............................................
Income and expense......................................
Oct.
1978
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
June
May
July
Aug.
79
81
76
78
£L
83
83
85
79
81
83
85
79
81
79
81
85
87
85
87
68
70
72
74
79
84
86
82
86
82
82
88
88
71
75
82
72
76
83
80
...
85
86
87
87
...
83
...
87
88
89
83
83
89
...
...
89
90
91
...
77
78
National, bffik reports:
Operating Income and Expense, and dividends of National
Banks Calendar Year 1975...............................
IuterA^ion^..finaj3^al_i.sati^.'fc.ic?.*
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 officail
institutions of foreing 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.......
Weighted average of exchange rate changes for the
dollar....................................................
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
concerns in the United States...........................
Claims on foreigners reported by nonbanking concerns
in the United States....................................
Transactions m long-term securities by foreigners
reported by banks and brokers in the United States....
Foreign Currency Positions:
Summary..................................................
Belgian Franc Positions.................................
Canadian Dollar Positions...............................
French Franc Positions..................................
German Mark Positions...................................
Japanese Yen Positions..................................
Swiss Franc Positions...................................
United States Dollar
Positions Abroad.......................................
84
81
88
88
84
90
84
84
90
92
73
79
82
89
89
85
91
85
85
91
93
74
80
83
90
90
86
92
86
86
92
94
75
81
87
84
85
91
92
91
92
87
88
93
94
87
88
87
88
93
94
95
96
76
77
82
83
88
89
86
93
93
89
95
89
89
95
97
78
84
90
89
96
96
92
98
92
92
98
100
81
88
94
99
85
86
97
104
104
100
106
100
100
106
108
89
93
103
110
110
106
112
106
106
112
114
95
96
102
113
113
109
115
109
109
116
118
99
100
106
113
120
120
116
122
116
116
122
124
105
106
112
123
124
126
130
131
133
130
131
132
126
127
129
132
133
135
126
127
129
126
127
129*
132
133
135
134
135
137
115
116
118
116
117
119
122
123
125
128
135
137
139
135
137
139
140
142
131
133
135
136
138
140
131
133
135
136
138
144
137
139
141
142
144
146
137
139
141
142
144
131
133
135
136
138
140
140
144
146
139
141
143
144
146
148
120
122
124
125
127
129
121
123
125
126
128
130
127
129
131
132
134
136
146
146
142
148
142
142
148
150
131
132
138
107
130
132
133
135
137
139
140
Foreign currencies acauired by the U.S. Government
without payment of dollar:
Foreign currency transactions, summary and country uses.
Foreign currency transactions, U.S. uses and trust funds
Financial operation 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 Funds..
Railroad Retirement Accounts..........................
Unemployment Trust Fund.... ..........................
National Service Life Insurance Fund.................
Investments of specified trust accounts..............
...
142
146
137
...
142
143
...
...
...
...
...
149
...
...
...
...
...
...
149
150
151
152
154
155
156
157
159
160
148
150
151
...
...
...
145
...
146
147
148
150
151
152
153
155
156
146
...
152
...
...
225
183
184
153
134
135
...
...
...
...
...
...
...
154
155
156
158
159
160
161
163
164
139
U1
176
...
...
...
...
179
• ••
180
181
182
184
185
186
187
189
190
@FedFRASER