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C.I

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TREASURE

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Treasury Bulletin
August 1980

DEPARTMENT OF THE TREASURY
WASHINGTON,

OFFICE OF THE SECRETARY
D.C.

August 1980
CONTENTS
Page

Article

Treasury Financing Operations

FEDERAL FISCAL OPERATIONS
FFO-l.

Summary of Fiscal Operations

FFO-2.

Budget Receipts by Source

Chart

Budget Receipts by Source

FFO-3.

Budget Outlays by Agency

FFO-4.

Undistributed Offsetting Receipts

FFO-5.

Budget Outlays by Function

FFO-6,

Investment Transactions of Government Accounts in Federal Securities (Net)

FFO-7.

Trust Funds Transactions

n
n

FEDERAL OBLIGATIONS
FO-l.

Gross Obligations Incurred Within and Outside the Federal Government by
Object Class

FO-2,

Gross Obligations Incurred Outside the Federal Government by Department or
Agency

FO-3.

Gross Obligations Incurred Outside the Federal Government, Comparative
Statement by Months

ACCOUNT OF THE

U.S.

TREASURY

UST-l.

Status of the Account of the U.S. Treasury

UST-2.

Elements of Changes in Federal Reserve and Tax and Loan Account Balances

UST-3.

Gold Assets and Liabilities of the Treasury

MONETARY STATISTICS
MS-l.

Currency and Coin in Circulation

FEDERAL DEBT
FD-l.

Summary of Federal Debt

FD-2.

Computed Interest Charge and Computed Interest Rate on Interest-Bearing
Public Debt

FD-3.

Interest-Bearing Public Debt

FD-4.

Government Account Series

FD-5.

Interest-Bearing Securities Issued by Government Agencies

FD-6.

Participation Certificates

FD-7,

Maturity Distribution and Average Length of Marketable Interest-Bearing
Public Debt

FD-8.

Debt Subject to Statutory Limitation

FD-9.

Status and Application of Statutory Limitation

FD-10.

Treasury Holdings of Securities

PUBLIC DEBT OPERATIONS
PDO-l.

Maturity Schedule of Interest-Bearing Marketable Public Debt Securities

PDO-2.

Offerings of Bills

PDO-3.

New Money Financing through Regular Weekly Treasury Bills

PDO-4.

Offerings of Public Marketable Securities

PDO-5.

Unmatured Marketable Securities Issued at a Premium or Discount

PDO-6.

Allotments by Investor Classes on Subscriptions for Public Marketable
Securities
«

PDO-7.

Disposition of Public Marketable Securities

PDO-8.

Foreign Series Securities

PDO-9.

Foreign Currency Series Securities

PDO-10.

Foreign Currency Series Securities Issued to Residents of Foreign Countries....

7]^

Treasury Bulletin

CONTENTS
UNITED STATES SAVINGS BONDS
SB-l.

Sales and Redemptions by Series, Cumulative

SB-2.

Sales and Redemptions by Periods, All Series Combined

SB-3.

Sales and Redemptions by Periods, Series E through K

SB-4,

Redemptions of Matured and Unmatured Savings Bonds

SN-l,

Sales and Redemptions by Periods...

OFS-l.

Distribution of Federal Securities

OFS-2.

Estimated Ownership of Public Debt Securities

UNITED STATES SAVINGS NOTES
76

OWNERSHIP OF FEDERAL SECURITIES

TREASURY SURVEY OF OWNERSHIP
TSO-l.

Summary of Federal Securities

TSO-2.

Interest-Bearing Marketable Public Debt Securities by Type and Maturity
Distribution

TSO-3.

Interest-Bearing Marketable Public Debt Securities by Issue

TSO-4.

Securities Issued by Government Agencies

TSO-5,

Securities Issued by Government-Sponsored Agencies and D.C

MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-l.

Treasury Bills

MQ-2.

Treasury Notes

MQ-3.

Treasury Bonds

Chart

Yield of Treasury Securities

l^'^-'^-

Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds

Average Yields of Long-Terra Treasury, Corporate, and Municipal Bonds

83
83
,

AVERAGE YIELDS OF LONG-TERM BONDS
Chart

NATIONAL BANK REPORTS
NBR-l.

Operating Income and Expense, and Dividends of National Banks Calendar
Year 1979

INTERNATIONAL FINANCIAL STATISTICS
IFS-l.

U.S. Reserve Assets

IFS-2.

U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and
Liquid Liabilities to All Other Foreigners

IFS-3.

U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign
Countries by Area

IFS-4.

Nonmarketable U.S. Treasury Bonds and Notes

IFS-5.

U.S. Position In the International Monetary Fund

IFS-6.

Weighted-Average of Exchange Rate Changes for the Dollar

August 1980

III

CONTENTS
CAPITAL MOVEMENTS
tIABILITIES TO FOREIGMERS REPORTED BY BANKS

^^^e
-

U.S.

CM-I-1.

Total Liabilities by Type of Holder

CM-I-2.

Total Liabilities by Type, Payable in Dollars

CM-I-2.

Total Liabilities to Nonmonetary International and Regional Organizations by Type,
100
Payable in Dollars - Part B

CM-I-3.

Total Liabilities by Country

101

CM-I-4.

Total Liabilities by Type and Country

102

Part A

CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES
CM-II-1.

Total Claims by Type (Old Series)

103

CM-II-2.

Total Claims by Type (New Series)

1-03

CM-II-3.

Total Claims by Country

l-O^

CM-II-4.

Total Claims by Type and Country Reported by Banks in the U.S

105

CM-II-5.

Banks' Own Claims, by Type

106

CM-II-6.

Banks' Ovm Claims by Type and Country Payable in Dollars

107

CM-II-7.

Domestic Customers' Claims by Type

SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS

108
-

U.S.

CM-III-1.

Dollar Liabilities to, and Dollar Claims on. Foreigners in Countries and Areas Not
Regularly Reported Separately

109

CM-III-2.

Dollar Claims on Nonbanking Foreigners

LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
CM-IV-1.

Total Liabilities by Tyne

Ill

CM-IV-2.

Total Liabilities by Country

112

CM-IV-3.

Total Liabilities by Type of Country.

113

CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES
114

CM-V-1.

Total Claims, by Type

CM-V-2.

Total Claims, by Country

CM-V-3.

Total Claims, by Type and Country

CM-Vl-1.

Foreign Purchases and Sales of Long-Term Domestic Securities

117

CM-VI-2.

Foreign Purchases and Sales of Long-Term Foreign Securities

CM-VI-3.

Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country... 118

CM-VI-A.

Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country.. 119

CM-VI-5.

Net Foreign Transactions in Long-Term Domestic Bonds

120

CM-VI-6.

Net Foreign Transactions in Domestic Stocks by Country

121

CM-VI-7.

Net Foreign Transactions in Long-Term Foreign Bonds by Country

122

CM-VI-8.

Net Foreign Transactions in Foreign Stocks by Country

123

CM-VI-9.

Foreign Purchases and Sales of Long-Term Securities, Latest Date

124

CM-VI-10.

Foreign Purchases and Sales of Long-Term Securities, Latest Year

125

H^
H^

TRANSACTIONS IN LONG-TERM SECirRITIES BY FOREIGNERS

Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
Page
SUMMARY POSITIONS
127

FCP-I-1.

Nonbanking Firms' Positions

FCP-I-2.

Weekly Bank Positions

127

FCP-I-3.

Monthly Bank Positions

127

FCP-II-1.

Nonbanking Finns' Positions

128

FCP-II-2.

Weekly Bank Positions

128

FCP-II-3.

Consolidated Monthly Bank Positions

CANADIAN DOLLAR POSITIONS

129

FRENCH FRANC POSITIONS
130

FCP-III-1.

Nonbanking Firms' Positions

FCP-III-2.

Weekly Bank Positions

130

FCP-III-3.

Consolidated Monthly Bank Positions

131

FCP-IV-1,

Nonbanking Firms' Positions

FCP-IV-2.

Weekly Bank Positions

FCP-IV-3.

Consolidated Monthly Bank Positions

GERMAN MARK POSITIONS
132
132
'

133

ITALIAN LIRA POSITIONS
FCP-V-1,

Nonbanking Firms' Positions

134

FCP-V-2.

Weekly Bank Positions

134

FCP-VI-1.

Nonbanking Firms' Positions

135

FCP-VI-2.

Weekly Bank Positions

135

FCP-VI-3.

Consolidated Monthly Bank Positions

JAPANESE YEN POSITIONS

136

SWISS FRANC POSITIONS

FCP-VII-1.

Nonbanking Firms' Positions

FCP-VII-2.

Weekly Bank Positions

137

FCP-VII-3.

Consolidated Monthly Bank Positions

138

FCP-VIII-1.

Nonbanking Firms' Positions

139

FCP-VIII-2.

Weekly Bank Positions

139

FCP-VIII-3.

Consolidated Monthly Bank Positions

137

STERLING POSITIONS

UNITED STATES DOLLAR

140

POSITIONS ABROAD

FCP-IX-1.

Nonbanking Firms' Foreign Subsidiaries' Positions

141

FCP-IX-2.

Weekly Bank Foreign Office Positions

141

FCP-IX-3.

Monthly Bank Foreign Office Positions

142

August 1980
CONTENTS

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES
1-2.

Statements of Income and Retained Earnings

FEDERAL CREDIT PROGRAMS
-

Direct Sales and Repurchases of Loans

GA-III-1.

Civil Service Retirement and Disability Fund

GA-III-2.

Federal Old-Age and Survivors Insurance Trust Fund

GA-III-3.

Federal Disability Insurance Trust Fund

GA-III-4.

Federal Hospital Insurance Trust Fund

GA-III-5.

Federal Supplementary Medical Insurance Trust Fund

GA-III-6,

Railroad Retirement Accounts

GA-III-7.

Unemployment Trust Fund

GA-III-e.

National Service Life Insurance Fund

GA-III-9.

Investments of Specified Trust Accounts in Public Debt Seourltle
Securities

II-l.

TRUST FUNDS

Cumulative Table of Contents

Note:

Details of flgur

als because of rounding

Treasury Bulletin

Treasury Financing Operations

On July 15 the Treasury announced that it would auction

$4,500 million of 2-year

Notes maturing
new cash.

$3,337 million of

notes to refund

million

July 31, 1980, and to raise $1,163

offered were

The notes

Series L-1983 were received

the notes of

Tenders for

Auction of 2-Year Note

until 1:30 p.m., EDST, August

and totaled $7,906 million

of which $4,003 million was accepted at yields ranging from

Noncompeti-

price 99.818.

9.85%, price 99.955, up to 9.90%,

Treasury Notes of Series

tive tenders for $1 million or less were accepted in full at the

with

average yield of accepted tenders, 9.88%, price 99.873. These

U-1982, to be dated July 31, 1980, due July 31,

1982,

million of the notes

Interest payable on January 31 and July 31 in each year until

totaled $715 million.

maturity.

were allotted at the average price to Federal Reserve banksas

A coupon rate of 8-7/8% was set after the determi-

nation as to which tenders were accepted on a yield

basis,

the average of which translated into an average accepted

EDST, July 23

and totaled

million was accepted
99.919

were received until 1:30

exchange for securities maturing August 15, 1980.
In addition to the

$4,003 million of tenders acceptoa

p.m.,

in the auction process,

$1,750 million of tenders were ac-

$9,194 million, of which $4,508

ranging from

at yields

up to 9.00Z, price 99.776.

8.92%,

price

Noncompetitive tenders

for SI million or less from any one bidder were accepted in

full at the average yield of accepted tenders, 8.97%,
99.830.

These totaled $566 million.

accepted tenders also included

$825 million at the average

agents for foreign and

International monetary authorities in exchange
ties maturing July 31,

cepted

auction process,
at the average

for securi-

1980.

million of tenders accepted

$788 million

price from

tenders were ac-

Government accounts and

Federal Reserve Banks for their own account in exchange for

maturing securities.
Tenders

were received

at Federal

Reserve banks and

Public Debt, Washington,

Bearer notes, with interest coupons attached, and notes

registered as to principal and interest were
be issued in denominations of $5,000,

authorized

$10,000, $100,000 and

$1,000,000.

On July 30 the Treasury announced that it would sell to

bidding, up to $4,000 million of 3-1/4-year notes of
Series
L-1983, $2,750 million of 10-year

to refund

mUlion
$5,046

notes of

Series A-1990,

of 29-1/4-year 10-3/8% bonds of

A coupon rate of 10-3/4% was set on the notes of Series

A-1990 after the determination as

which tenders were

ac-

cepted on a yield basis, the average of which translated into an average accepted price close to 100.000.

Series A-1990 will be dated

The notes of

August 15, 1980, due August 15,

1990, with interest payable saniannually on February 15 and

Tenders for the

notes of Series A-1990 were

until 1:30 p.m., EDST, August

received

and totaled $4,602 million

of which $2,751 million was accepted at yields ranging from

10.73%, price 100.121, up to 10.85Z,

price 99.399.

Noncom-

at the average yield of accepted tenders, 10.81%, price 99.639.

These totaled

$283 million. In addition, $75 million of

notes were alloted at the average price to Federal

mUllon

of publicly held Treasury

banksas agents for foreign and international monetary authorities in exchange for securities maturing August 15,

1980.

at the average price

from Government accounts and

Federal

Reserve hanks for their own account in exchange for maturing
securities.
The 10-3/8% bonds of 2004-09 will be an additional issue

securi-

with interest payable semiannually, on November 15 and May 15

L-1983 after the determination as to which
tenders were ac-

cepted on a yield basis, the average of which
translated into
100.000.

$1,000 million of tenders were accepted

of the bonds dated November 15,

A coupon rate of 9-7/8% was set on the notes
of Series

accepted price close to

the

Reserve

2004-09

ties maturing August 15, and to raise $3, 200mlllion newcash.

an average

for

maturing securities.

the auction process,

the public at auction, under competitive and
noncompetitive

$1,500

accounts and

In addition to the $2,751 million of tenders accepted

August Refunding

and

from Government

the average price

Federal Reserve banks for their own account in exchange

petitive tendersfor$l million or less were accepted In full

branches and at the Bureau of the
D.C.

cepted at

August 15 until maturity.

In addition to the $4,508
in the

price

The $4,508 million of

price from Federal Reserve Banks as

agents for foreign and international monetary authorities in

price

close to 100.000.

Tenders for the notes

In addition, $370

The notes of

Series L-1983 will be dated August 15, 1980,
due November 15,
1983, with Interest payable semiannually on May 15
and November

until maturity,

1979, due November 15,

originally issued in the

2009,

amount of $2,317

million.
Tenders for the bonds
EDST, August

million was

accepted

and

totaled

were received

until 1:30 p.m.,

$2,485 million of which

at prices

ranging from

10.66% down to 96.18, yield 10.80%. Noncompetitive
for $1 million or less

from any one

bidder

$1,500

97.40, yield

tenders

were accepted

15 until maturity.
In full at the

yield 10.71%.

average price of accepted tenders,
These totaled $116 million.

96.91,

August

9 SO

VII

Treasury Financing Operations—Continued
In addition to the $1,500 million of tenders
In the auction process,

accepted

$384 million of tenders were accepted

at the average price from Government accounts and

Federal

Reserve tanks for their own account In exchange for securities

maturing August 15, 1980.
Payment for accepted tenders In all three auctions was
required to be

completed on

or before August 15,

1980,

cash, securities maturing on or before August 15, 1980, which

were to be accepted at par

or other funds immediately availa-

ble to the Treasury by that date.

Tenders were received In all of the auctions at Federal
Reserve banks and branches and at the
Debt, Washington, D.C.

Bureau of the Public

Bearer notes and bonds, with

Interest

coupons attached, and notes and bonds registered as to principal and interest were authorized to be issued in denominations
of $1,000,

issues

$5,000, $10,000, $100,000, and $1 000, 000 for the
,

of 10-year

notes

and bonds,

and $5,000,

$100,000, and $1,000,000 for the issue

$10,000,

of 3-1/4-year notes.

52-Week Bills
On July 10 tender

were Invited for approximately $4,000

million of 359-day Treasury bills to be dated July 22, 1980,
and to mature July 16,

The issue was to refund $3,389

1981.

million of bills maturing July 22 and to raise $611 million
new cash.

Tenders

$6,629 million,

were opened

of which $4,000

on July 16.

million

They totaled

was accepted,

in-

cluding $95 million of noncompetitive tenders from the public
and $1,208 million of the bills issued at the average price
to Federal Reserve tanks

for themselves and

foreign and international monetary authorities.

as agents for
The average

bank discount rate was 7.669%.
Cash Management Bills
On July 22, tenders were invited for approximately $3,000

million of 43-day Treasury bills to be Issued August4
and to mature September 16,

1980.

The issue was to

new cash. Tenders were opened on July 29.

1980,

raise

They totaled $9,318

million, of which $3,004 million was accepted.

The average

bank discount rate was 8.498%.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in July totaled
$40,000 million.

These issues were offered for cash and in

exchangefor bills maturing
In the 13-week series,

lion.

in the

amount of $34,000 million.

there were five Issues of $4,000 mil-

In the 26-week series, there were five Issues of

million.

$4,000

Average rates for the new issues are shown In the

following table.

Date of

August 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. -

Summary

Fiacal Operation!

Means of fina
ing from the pubUc--Fede

Govemcounts 4/
(2)

208,649
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,940

211,425
232,021
247,074
269,620
326,185
366,439
94,729
402,725
450,836
493,221

532,427
628,035

568,933
611,546

,3<)2

(4)

-23,033
-23,372
-14,849
-4,689
-45,188
-66,434
-12,956
-44,963
-48,839
-27,281 3/

-1,380
-1,417
-1,649

7,417
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
12,181
19,685

19,448
19,442
19,275
3,009
50,853
82,913
18,507
53,516
59,106
33,641

1,079

-1,570
7,246
2,579
1,690
3,340
1,732

-36,506
16,489

53,910

40,

33,268
39,353
47,295
33,099
38,320
42,617

40,482
54,279
29,625
47,807
46,841
44,010

-7,214
-14,926
17,670
-14,708
-8,522
-1,393

43,429
37,862
33,351
61,097
36,071
59,055

47,988
47,208
46,566
51,237
50,198
46,702

-4,559
-9,346
-13,215
9,860
-14,127
12,353

428,558

27,211
29,131
30,881
16,918
58,953
87,244
14,269
64,139
72,705
54,975

13,223

2,564
5,663
13,379

6,558
7,908

-2,338
2,378
9,116

11,207

-2,644
4,796
-2,961
1,839

11,802
4,632

2,523
4.209

5,201
2,066

350

-5,914
-2,535

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO.-l.

Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government,
Note: Budget estimates are based on the Current Budget Estimates, March
released
on March 31, 1980, by the Office of Management and Budget.
1980,
1/
For detail see Table FFO-2.
For detail see Table FFO-3.
ll
The Joint Treasury-Office of Management and Budget Press Statement,
released «lth the Monthly Treasury Statement, has adjusted these totals
to include operating expenses and interest receipts of the Exchange
Stabilization Fund. The totals In the press release are $493.6 billion
for outlays and $-27.7 billion for the deficit.
4/
For detail see Table FFO-6.
Beginning fiscal 1975, balances "Within general account of the U.S.
5/
Treasury" are presented in columns 9 and 13.
Represents holdings of special drawing rights, less certificates Issued

to Fede al Reserve banks.
1 Monetary Fund.
Repre
ctlvlty of the Inte
payable to the public, deposit
crued
Includes: publ
and as of July 1974,
and liability
ds, misce
gold bal.
1 1969
Ignlorage; increment of gold; fl
Include
al 1970 reclassification
s to private ownership; f
Interest; fiscal 1974
of Commodity Credl
of Government accounts to an accrual
conversion of Inte
outlays of off-budget Federal agencies. Also includes
revolving
fund since May 12, 1973,
rural electrification and telephone
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
Table FD-6.
liable

August 1980
.FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipt* by Source
(In millions of dollars)

Individual

188,392

1971
1972
1973
1974
1975

208,6<i9

1976
T.O
1977
1978
1979

232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,940

1980 (Est.).
1981 (Est.).,

532,427
628,035

76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
165,254
195,331

53,910

18,084

July...
Aug
Sept...
Oct
Nov

33,268
39,353
47,295
33,099
38,320
42,617

16,714
16,955
16,194
17,777
18,725
19,402

43,429
37,862
33,351
61,097
36,071
59,055

17,821
19,473
18,085
17,143
18,111
19,795

Dec

May

Refunds

24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
47,804
56,215

14,522
14,143
21,866
23,952
34,013
27,367
958
29,293
32,070
33,705

Old-age,
hospital

86,230
94,737
103,246
118,952
122,386
131,603

30,320
34,926
39,045
41,744
45,747
46,783

38,'

3,535
2,750
2,893
3,125
5,125
5,374
1,348
5,154
5,428

25,785
32,166
36,153
38,520
40,521
41,409
8,460
54,892
59,952
65,677

113,015
126,903
139,153
157,571
163,007
172,204
47,175
212,512
240,940
283,518

41,237
45,559
54,156
65,016
74,075
78,792
21,475
90,701
102,589
118,521

40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,310
102,071
117,884

157,626

50,057
55,380
71,448

940

25,568

16,016

15,640

41,208

9,312

8,575

869

17,086
17,215
23,341
18,582
18,972
20,192

2,518
1,661
10,095
2,543
1,684
10,657

2,019
1,358
9,533
1,476
1,160
10,205

19,105
18,583
32,975
20,158
20,133
30,398

8,784
13,217
10,087
7,957
11,899
7,751

8,784
8,784
10,087
7,957
11,899
7,751

26,856
15,522
9,056
31,488
9,275
27,791

2,702
2,117
10,255
10,244

2,237
1,420

29,093
16,942
18,5S5
40,659
10,505
43,594

9,502
14,439
10,541
13,651
15,349
10,604

9,502
14,439
10,541
13,651
15,349
10,097

30,045

101,694

46,080
52,849

1979-June...

198u-Jan
Feb....
Mar

Other

1,241
1,041

10,592
10,937
1,385

Fiscal 1980'
384,900

Employment taxes and

1971
1972
1973
1974
1975
1976

41,699

981

1,009
1,190
1,412
1,490
1,525

T.O

1,489
1,525

328

1977
1978
1979

1,822
2,190

1980(Est.)...
1981(Est.)...
1979-June

July
Aug
Sept....
Oct
Nov
Dec

1980-Jan
Feb
Mar
Apr
May.
June

Fiscal 1980

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.

Budget Receipts by Source— Continued
(In millions of dollars)

Mlscella

1971

48,578

1972
1973
1974
1975
1976

T.O
1977
1978
1979
1980 (Est.).
1981
(Est.)
1979- June...

July...
Aug
Sept.
Oct
Nov
Dec
.

;980-Jan
Feb.

. .

Mar
Apr....
May

August 1980
,

o
o

FEDERAL FISCAL OPERATIONS

Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Tabl* FFO-3. - Budgtt Outlays by Agency

4,540

1<)71

1972
1973
1974
1975
1976

T.Q
1977
1978
1979

1980 (Est.).
1981 (Esu).

1979-June

July
Aug
Sept
Oct
Nov
Dec ...
1980-Jan
Feb
Mar
Apr
May

Fiscal 1980
to date

August 1980
FEDERAL FISCAL OPERATIONS
Table FFO-8. - Budgat Outlays by Agency-Continned

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undiitributed Offsetting Receipts

August 1980
.FEDERAL FISCAL OPERATIONS

Treasury Bulletin

10
.FEDERAL FISCAL OPERATIONS.

ills

August 1980

.FEDERAL FISCAL OPERATIONS.
Table FFO-6. - Inveatm«nt Tranaactiona of Government Acconnta in Federal Secnritiea (Net)

Housing and Urban Development Depa

Health and Human Se
Federal
Supple-

1971
1972
1973
1974
1975
1976
r.Q
1977
1978
1979

1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,645
-4,443
-3,638

1980 (Est.)
1981 (Est.)

4,480
-S,>50

1979-June..
July..
Aug. .
Sept..
Oct
Dec.'.'.'.

1980-Jan,..
Feb....
Mar..
Apr...

May...

Fiscal 1980
to date...

792

Gove
Mortgage

Treasury Bulletin

12
FEDERAL FISCAL OPERATIONS.

August 1980
.FEDERAL FISCAL OPERATIONS.

Table FFO-8.

Selected Accrual Data

Effective with the beginning of FY '80, Treasury accrued expenditure REPORTING REQUIREMENTS AND TABLE

The

CONTINUED,

ALTERNATE

EXPENDITURE DATA ON
HeT outlays

GET FROM

FORMULA

A FISCAL

FO-8

WERE DIS-

FOR CALCULATING ACCRUED

YEAR END BASIS IS AS FOLLOWS:

FOR THE CURRENT FISCAL YEAR (INCLUDING OFF-BUD-

Table J of

the Treasury Combined Statement)

plus

ACCOUNTS payable AND OTHER LIABILITIES (INCLUDING OFF-BUDGET

Reported by Federal Agencieg

from

Table

year's
(iA-I-1);

and

Co^BINED Statement) plus the

the public (Treasury Bulletin,

less current

sury Bulletin,

payable

the

advances

prior

Table

year's advances to the public (Trea-

Table (SA-I-l) and less prior year's accounts
other

liabilities (including off-budget

Table J of the Treasury Co(«ined Statement)

from

Treasury Bulletin

14
.FEDERAL OBLIGATIONS.

the Federal Government.

controlled

the point at which

events --order,

characterize

the Government makes a

firm commitment

or services and are the first of the four

acquire goods

key

They are recorded

del

very

payment

con sumption --which

the acquisition and use of resources.

vices received,

to a

action without regard to its ultimate purpose.
for

wages

and

salaries

sonnel

uniform set

which are based upon the nature of the trans-

of categories

All payments

for example, are repor ted as per-

compensation, whe ther the personal services are used

In gen-

they consist of orders placed, contracts awarded,

eral,

are classified according

Obligations

the use of funds

the basis on which

are

"Obligations"
is

ser-

and similar transactions requiring the dis-

bursement "f money.

Federal agencies and firms

often

do business with one

another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.

In Table

FO-1, obligations that are incurred wi thin the Government are
The obligational

strategic

point

stage of Government transactions is a

gauging

the impact of the Government's

operations on the national economy, since it frequently rep-

Tables FO-2 and

stimulates business investment, including inventory purchases

employment

months

of labor.

Disbursements may not occur

after the Government places

for

its order but the order

those

incurred outside the

data for the administrative budget fund ac-

first published in the September 1^67 Treasury

were

Bulletin and the Crust fund accounts were first published in
the October

Bulletin,

adopted

1<)67

the

Bulletin.

Beginning with the April

pursuant

the recommendations of

the President's

Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government

by Object Class, February 29, 1980
million

I'ieS

data are on the basis of the budget concepts

Commission on Budget Concepts.

Government.

show only those incurred outside.

Obligation
counts

and

from

distinguished

August 1980

13
.FEDERAL OBLIGATIONSTable

FO-2.

•

Gross Obligations Incurred Outside the Federal Government
by Department or Agency, February 29, 1980

Treasury Bulletin

16
FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, February 29, 1980-Continu«<l

Acquisit
capital

Total
gross
obliga

Legislative Branch T_l
The Judiciary
Executive Office of the President
Funds appropriated to the Preside'
International development assis
Other
Agriculture Department:
Commodity Credit Corporation...
Other
Commerce Department

4,624
16,382
879

3,346
5,632

Defense Department:
Military:
13,754
21,227
16,886
11,030

1,041
3,353
4,228

Department of the Army
Department of the Navy
Department of the Air Force..
Defense agencies
Civil defense
Total military

Civil

1,282
6,546

Energy Department
Health, Education, and Welfare
Department
Housing and Urban Development Dep
Government National Mortgage
Association
Housing for the elderly or
handicapped 2.1
Other
Interior Department
Justice Department
Labor Department
State Department
Transportation Department
Treasury Department:
Interest on the public debt....
Interest on refunds, etc
General revenue sharing
Other
Environmental Protection Agency..
General Services Administration..
National Aeronautics and Space

2,245
1,070
8,240

6,902
288
1,627

23,662
169
4,152
71,470
1,469
1,506

4,152
5,720
1,212

2,283
9,204

Veterans Administration
Other independent agencies:
Export-Import Bank of U.S
Small Business Administration..
Tennessee Valley Authority
Other

2,606
13,408

Off-budget Federal agencies 4/:
Postal Service
Rural Electrification Adninistr;
revolving funds
Pension Benefit Graranty
Corporation
Total Off-budget Federal

Source:
Reports on Oblig
Note:
Agency shifts ar
of such shifts.
The a
at that t
l_f
For purpo
of
„
thi
within the Federal Gov

thi s

225,

nd General

table
comple

except for the Depa
Transportation Dep
„.S. Coast Guard.
Includ
for Library of Congress, Governm
,.

rd Forir

shown in

1th the periods
ar are adjusted

otally
of Defens

intlng Offi

3/ This

Accounting Offi

fund

funds sin
nee Sept.
$500,000.

pproved Oct. 4, 1977.
July 1, 1973, Rural Ele
e May 12, 1973, and Pens

August 1980

17
FEDERAL OBLIGATIONS

is-s

Treasury Bulletin

18
.FEDERAL OBLIGATIONS-

"Obligations"
is controlled

are

the basis on which

the Federal Government.

the use of funds

They are recorded

the point at which the Governinent makes a firm commitment

or services and are the first of the four

acquire goods

key

events--order,

characterize

delivery,

payment,

consumption--which

action withovit regard to its ultimate purpose.
for

sonnel

they consist of orders placed,

al.

ces received,

and similar transact

salaries

All payments

wages, for example, are reported as per-

and

compensation, whether the personal services are used

in current opera t ions or in the cons true tion of capital

and use of

the acqu

which are based upon the nature of the trans-

of categories

Federal agencies and firms

equiring the di

often

items.

do business with one

another; in doing so, the "buying" agency records obligations,
and the "performing" agency records reimbursements.

In Table

FO-l, obligations that are incurved wi thin the Government are

from

distinguished
strategic

point

gauging

the

impact of the Government

Tables FO-2 and

resents

for business

firms the Government commitment which

stimulates business investment, including inventory purchases
and

employment

of labor.

Disbursements may not occur

the order

immediate pressure on the

private

after the Government places

itself

usually

causes

for

its order but

months

counts

incurred outside the

first published in the September

were

Government.

data for the administrative budget fund ac-

Obligation

operations on the national economy, since it frequently rep-

those

show only those incurred outside.

1^167

Treasury

Bulletin and the trust fund accounts were first published in
the October

Bulletin,

adopted

196?
the

Bulletin.

Beginning with the April

pursuant

the recommendations of the President's

Table FO-l. - Gross Obligations Incurred Within and Outside the Federal Government

by Object Class, March 31. 1980
(-n millions of dollars)

1968

data are on the basis of the budget concepts

August 1980

19
.FEDERAL OBLIGATIONS.
Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, March 31, 1980

Treasury Bulletin

20
FEDERAL OBLIGATIONS.

Table FO-2. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, March 31, 1980-Continued

Grants and fixed cba

Acqulsiti
capital a
subsldi

Legislative Branch
The Judiciary
Executive Office of the President
Funds appropriated to the Presidei
International security asslstam
International development assis
Other
Agriculture Department:
Commodity Credit Corporation...
Other
Commerce Department

5,869
19,382
1,110

Defense Department:
Military:
Department of the Army
Department of the Navy
Department of the Air Force..

16,825
25,512
20,830
13,563

Civil defense
Total military
Civil

Energy Department
Health, Education, and Welfare
Department
Housing and Urban Development Dep
Government National Mortgage

Housing for the elderly or
handicapped 3_l
Other
Interior Department
Justice Department
Labor Department.
State Department
Transportation Department
Treasury Department:
Interest on the public debt
Interest on refunds, etc
General revenue sharing
Other

2,351
2,889
1,235
9,076
1,055
3,872
28,093

4,213
1,'302

1,529

General Services Administration..
National Aeronautics and Space

Veterans Administration
Other independent agencies:
Export-Import Bank of U.S
Small Business Administration..
Tennessee Valley Authority
Other
Total

Off-budget Federal agencies 4/:
Postal Service
Rural Electrification Administr;
revolving funds
Pension Benefit Graranty
Corporation
Total Off-budget Federal

ce:

86,402
1,855
1,894
2,861
11,214

3,562
1,165
2,930
15,666

322,396

August 1980
.FEDERAL OBLIGATIONS-

Treasury Bulletin
ACCOUNT OF THE

U.S.

TREASURY

Source and Availability of the Balance in the Account of the U.S. Treasury

The operating cash of the Treasury
Treasury's accounts with the Federal Reser
the
As
ches and in tax loan accounts.
accounts at the Federal Reserve Banks bee
are restored by calling in (Withdrawing)fu
of financial institutions throughout the c

banks and branime
ids

depleted, they
from thousands

Under authority of P.L. 95-147, the Treasury imple
a portion
to invest
a program on November
2, 1978,
ining tax
operating cash in obligations of depositaries mai
and loan accounts. Under the Treasury Tax and Loan inv
institutions select the
progrdm, depositary financial
Depositaries
in which they will participate in the program.
loan
that wish to retain funds deposited in their tax and
obligations participate under
accounts in interest-bearing
funds
the Note Option; depositaries that wish to remit the
Reserve banks particto the Treasury's account at Federal
ipate under the Remittance Option.

Deposits to tax and loan accounts occur in the n
course of business under a uniform procedure applicab
flna
all financial institutions whereby customers of
institutions deposit with them tax payments and funds
In most
cases
the purchase of Government securities.
transaction involves merely the transfer of funds fr
the tax and loan account in the
customer's account to
On
the
rized by the Treasury, financial instit
proceeds
to deposit in these accounts
public debt securities entered for thel
as for the accounts of their customers.
The tax and loan systen

August 1980

23
.ACCOUNT OF THE

Table UST-2.

Elements of Changes

in Federal

U.S.

TREASURY.

Reserve and Tax and Loan Note Account Balances

(In millions of dollars)

Treasury Bulletin

ACCOUNT OF THE
Table UST-3.

U.S.

TREASURY.

Gold Assets and Liabilities of the Treasury

August 1980

25
.MONETARY STATISTICS.
Table MS-1.

Currency and Coin

in Circulation

Treasury Bulletin

26
.FEDERAL DEBTTable FD-1.

Summary

of Federal

Debt

August 1980

27
.FEDERAL DEBT.
Table FD-3.

Interest-Bearing Public Debt

(In millions of dollars)

U.S.

saving
bonds

1971
1972
1973
1974
1975
1976

396,289
425,360
A56,353
473,238
532,122
619,254
633,560
697,629
766,971
819,007

T.Q
1977
1978
1979

245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
485,155
506,693

86,677
94,648
100,061
105,019
128,569
161,198
161,505
156,091
160,936
161,378

104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
267,865
274,242

53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
56,355
71,073

150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
281,816
312,314

53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
79,798
80,440

1979-Mar.

792,344

500,400

165,459

270,803

291,944

80,417

1979-July

806,508
812,095
819 007
825,736
832,730
843,960

506,994
509,187
506,693
515,033
519,573
530,731

159,938
160,489
161,378
161,692
165,100
172,644

278,257
277,582
274,242
280,832
279,723
283,379

68,799
71,116
71,073
72,510
74,751
74,708

299,514
302,909
312,314
310,703
313,157
313,229

80,524
80,503
80,440
80,178
79,669
79,517

846,517
854,591
862,211

535,658
540,636
557,493

175,522
177,422
190,780

283,990
286,814
290,390

76,147
76,400
76,323

310,859
312,730
304,718

78,247
77,338
75,643

195,296

291,831

873,529
876,275
880,395

567,560
566,735

Aug.

Sept
Oct.
Nov.

Dec,
1980-Jan.,
Feb.
Mar.,
Apr.
May.
July!

:7t,l':5

64,139

77,741

303,997

80,641

305,968

73,247
73,072
72,968

Treasury Bulletin
.FEDERAL DEBT.
Table FD-4.

Government Account Series

August 1980

29
.FEDERAL DEBT.
Table FD-5.

Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)

End of

Treasury Bulletin

30
FEDERAL DEBT,

FD-6. - Participation Cextificates

August 1980
.FEDERAL DEBT.
Table FD-7.

Maturity Distribution and Average Length of Marketable Interest-Bejiring Public Debt

Held by Private Investors

Treasury Bulletin
FEDERAL DEBT,

Table FD-9. - Status and Application of Statutory Limitation

The Second Liberty Bond Act (31 U.S.C.
ed,

757b), as amend-

The
that

provides that the face amount of obligations issued under

authority

Act, and the face amount of

of that

tions

obligations

exceed

June

any

time.

28,

1980,

debt limit

in the

aggregate $A00 billion

outstanding

Public Law 96-286 provides that beginning
and

ending

on Feb.

shall be temporarily

28,

1981,

the

increased by $525

of June 30,

1967 (Public Law 90-39)

issued under section 302

Mortgage Association Charter Act

guaranteed as to principal and interest by the United States,
shall not

Act

the fiscal year

added to

Public

provides

the face amount of beneficial interests and partlclpa-

1968 and

(12 U.S.C.

outstanding

1717 (c) during

at any time shall be

the amount otherwise taken into account in

mining whether the

deter-

requirements of the above provisions are

met.

billion.

Part A. - Status Under Limitation July 31,

1980

(In millions of dollars)

Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit:
Treasury
Federal Financing Bank

881,682
£,08
(

Total public debt subject to limit

881,

Other debt subject to limit:
Guaranteed debt of Government agencies
Specified participation certificates

Total other debt subject to limit

Total debt subject to limit
Statutory debt limit
Balance of statutory debt limit

42,276

Part B. - Application of Statutory Limitation

July 31, 1980

August 1980

33
FEDERAL DEBT.
Table FD-10.

Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars'!

Agricult

ng and Urba

Depa

opment Depa

1971

1972
1973
1974
1975
1976

T.O
1977
1978
1979

602
13,466
22,413
25,884
35,418
48,078
63,836

55,310

1979-Mar.

1979- July

Aug.

Sept
Oct.
Nov.
Dec.

1980-Jan.
Feb,
Mar.
Apr.,
May.,

July.

104

United
States

Urba

fund

Othe
5/

Treasury Bulletin

34
.FEDERAL DEBT.

Footnotes to Table FD-10.

Bureau of Govi
t Fi
ial Oper
These securities were issued to the Treasury
Tre
in exchange
vances by the Treasury from publi debt re
authorizations for specified Government corporations and other agencies to borrow from the Treasury.
Further detail may be found in
the 1978 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 410-415, and the 1978 Combined Statement of Receipts
Expenditures and Balances of the United States Government, pages
558-560.
U 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."
Farm housing and other loan programs. Agricultural Credit Insurance
1/
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
Includes securities transferred from the Reconstruction Finance
Corporation.
4/ As of May 1980, the college housing loan program was transferred to
the Department of Education.
Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and Housing for the Elderly or Handicapped.
Note:

Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.
C. 1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
Public Housing Administration 1960-1963; Federal Housing Administration beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.

Consist;

August 1980
JFUBUC DEBT OFOtAllONS
Table

PDO-L

- Matority Schedule of IntaesHBeariiig Marketable Public Debt SecurilKB Otliar
than Regular

WedJy ami 52-Waak

OobstandiDg;

July 31,

Traaaury BOIb

1980

Treasury Bulletin
.PUBLIC DEBT OPERATIONS
Tsble PDO-2. - Offeorincp at

BOb

Amount
Number of

maturity

!_/

Amount of
bids
tendered

Regular weekly:
(13-week and 26-weck)
1980- Apr

6,928.1
6,336.3

3,423.5
3,411.5

2,039.2
2,568.9

5,690.4
5,367.6

3,418.9
3,414.6

2,285.8
2,688,9
2,502.4
2,687.1

0,837.6
6,734.1

3,512.1
3,515.5

2,683.7
2,902.1

3,513.9

2,788.3
2,964.0

Aug,
Nov.

3,21S."7

3,113.0

2,900.7r
3,153.0

Aug.

6,225.6
7,336.8

3,870.5
3,795.1

3,497.3
3,489.7

3,314.7
3,212.1

2,806.1
2,810.2

2,068.8
2,465.0

3,318.9
3,225.0

3,328.2
3,681.0

3,311.6
3,211.7

3,912.6
3,904.2

6,150.8
5,727.6
5,581.2
6,870.4
7,080.9
7,015.4
7,538.3
7,887.5
8,208.0
7,064.3
5,960.3
6,609.4

4,002.9
4,009.3
4,010.4
4,007.5
4,005.4
4,007.5
4,008.4
4,007.5
4,007.5
4,006.4

3,334.6
3,736.3
3,160.7
3,585.0
3,072.1
3,427.1
3,186.1
2,446.7
3,262.2
2,317.3

Dec.

5,208.0
5,733.7
5,755.9
5,378.7
6,203.0
8,110.3

3,389.4
3,545.2
3,556.3r
3,453.7
3,902.7
4.133.5r

3,267.5
3,442.7
3,434.7
3,348.1
3,530.6
3,881.0

1981-Jan.
Jan.
Feb.
Mar.
Apr.

6,337.5
5,920,5
6,301.8
6,447.5
6,514.0

4,015.6
3,985.3
4,009.3
4,010.0
4,008.6

3,812.8
3,824.1
3,763.1
3,727.3
3,751.9

1981(-1980- Oct.
\.1981/•1980- Oct.
\.1981/- 1980\.1981-

/1980\.1981-

1979-July
Aug.
Sept.

2,949.1
3,326.0

1980-July
Aug.
Sept.

6,734.2
7,430.0

3,882.7
3,981.9
3,905.3

668.3
273.0
849.7
422.5
933.3
580.3
822.4
1,560.6
745.3
1,689.1

3,423.6
3,361.8
3,418.9
3,223.2
3,518.9
3,218.5
3,530.0
3,213.4
3,512.1
3,209.7

3,379.7
3,543.9
3,353.1
3,474.3
3,895.8
4,028.9

246.2
282.7
256.6

3,704.9
3,543.4
3,325.8
3,345.9
3,019.7

2,761.er
2,787.7r

August 1980

37
PUBLIC DEBT OPERATION
Table PDO-2.

Offerings of Billt-Continued

On competitive bids accepted

On total bids accept

hundred

Equivalent rate

hundred

Eqi

7.753

7,742
7.800

8.034

8.082

8.110
7.881

11.090
11.248
13.597
14.497
10.530

89.589
91.

bS.?

Cash management:
1979-Nov.

12.650
11.689
11.758

Dec.

1980-Mar.

15.380
16.725
16.948
15.759
8.242
9.997

1980-Apr.

Monthly St
of the Public Debt 3f the Unit
allotments.
The 13-week bills represent additional
2S of bills
original maturity of 26 weeks.
For bills issued on or after May 2, 1974. includes amoi
on a noncompetitive basis by Government accounts and F,
Reserve banks.
For 13-weeks bill 26-week tender for $500,000 or less
bidder are accepted in full at average prices or accep
competitive bids; for other issues, the corresponding
stipulated in each offering announcement.
Bank discount basis.
Except $300,000 at 96.411 and $4,054,000 at 96.234.
Except $580,000 at 96.423.
Except $100,000 at 93.225, $300,000 at 93.224 and $2,51
93.213.
Except $1,110,000 at 97.673 and $445,000 at 97.654.
Except $480,000 at 95.348 and $155,000 at 95.319.
Except $1,810,000 at 97.845.
Except 5200,000 at 95.550 and $520,000 at 95.525
,

Except $2,030,000 at 99.375.
Except $1,240,000 at 98.492.
Except $740,000 a

$550,000 a
$125,000 a
$45,000 at
$700,000 a
$500,000 a
$10,000 at 97.972.
$500,000 a
$2,000,000
5665,000 a
$700,000 a
875 and 51,040,000 at 88.865.
$500,000 a
6.591 and 51,150,000 at 86.587.
$1,100,000
5.840, 525,000 at 85.739,52,000,000
$2,000,000
69J and 5500,000 at 85.690.
85. 701, $100,000 a
621.
Except $785,000 a

Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except
Except

Treasury Bulletin

38
.PUBLIC DEBT OPERATIONS.
Table PDO-3.

New Money

Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)

Description of
Amount

Sept.

July

July
Oct.

July

August 1980

39
.PUBLIC DEBT OPERATIONS.

Table PDO-3.

New Money Financing through Regular Weekly Treasury

Bills 1'

—Continued

(Dollar amounts In millions)

Description of

Amount
of bids

of bids

accepted

accepted 1/

$3,272
3,362

Aug.

6,718
5,860

492

6,331
6,305

487r

6,683
6,536

3,217
3,213

6,013
5,870

3,218
3,215
3,217
3,221

Aug.

May

3,225
3,220

Aug.

4,952
4,544

3,311
3,311

5,867
5,487

3,319
3,321

June
Sept.
Sept.

Sept

6,336
J..ly

Oct.

July
Oct.

5,690
5,368
5.737
5,930

8,366
6,012

3,514
3,512
6,631
6,240

5,969
5,599

3,511
3,507

6,522
6,011

476r
1,139

2,806
2,810

-928

3,913
3,904

1,293

370r

6,151
5,728

4,003
4,009

1,227

1,376
7,015
7,538

8,208
7,064

4,005
4,007

1,269

1,273
1,292

Equlvab
Revised,

Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-4.

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

August 1980

PUBLIC DEBT OPERATIONS.
Table PDO-4.

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills— Continued

Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-4.

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills— Continued

August 1980

43
.PUBLIC

DEBT OPERATIONS,

Footnotes to Table

the Pub

For bill

sold at auct

From date of
In reopening
original offerings.
For securities exchanged for the
Sold at fixed price by subscript
Exchange offering available to o'
bonds, investment Series B-1975-

PDO^.

Treasury Bulletin
PUBLIC DEBT OPERATIONS
Footnotes to

89/

Yields a

PDO-4— Continued

August 1980

45
.PUBUC DEBT OPERATIONS.
Table PDO-6. - Unmatured tlarketable Securitiee Issued at a Premium or Discount

Other than Advance Refunding Operations

Description of

Note

8/15/8
4,296

6-3/47.

Note

8-3/87.

Not

6-7/87.
8-5/87.

Note
Note

7-1/87.

Not

9/30/80-E
9/30/80-T

1/31/81-P

1/31/79

2/15/81-A

2/18/75

4/5/7b
;/28/79
3/8/77

7-3/87.

5/15/81-D

1/26/76

7-1/27.

5/15/81-M

2/15/78

9-3/47.
6-3/47.
9-1/87.

5/31/81-T
6/30/81-J
6/30/81-U

5/31/79
6/3/77
7/2/79

9/3/87.

7/31/61-V

7/31/79

8-3/87.

8/15/81-N

8/15/78

8/31/81-W
9/30/81-X
10/31/81-Y

8/31/79
10/9/79
10/31/79

9-5/87.
10-1/87.
12-5/87.

Note
Note
Note

Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount

Other than Advance Refunding Operations-Continued

12-1/87.

1982
11-1/27.
5-3/87.
6-1/87.

8-5/87.

8-7/8%

9-1/47.

Note

August 1980

47
.PUBUC DEBT OPERATIONS.

Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount

Other than Advance Ref\inding Operationa-Continued

Des

Treasury Bulletin

48
.PUBUC DEBT OPERATIONS

Table PDO-6. - Unmatured Marketable Securitiee Issued at a Premium or Discount

Other than Advance Refunding Operations-Continued

Descr

August 1980

49
.PUBUC DEBT OPERATIONS,
T&ble PDO-6. - Unmatured Marketable Securities Issued at a Premium or Discount

Other than Advance Refunding Operations-Continued

Des

Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6.

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A.

Issues

Other than Bills 1/

August 1980

51
.PUBLIC DEBT OPERATIONS,

Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities

Part A. - Other than Bills
(In mllltons of dollars)

Issues

-Continued

Treasury Bulletin

52
.PUBLIC DEBT OPERATIONS.
Table PDO-6

Allotments by Investor Classes on Subscriptions
Part B.

Bills

for Public

Other than Regular Weekly Series

Marketable Securities

August 1980

53
.PUBLIC
Table PDO-7.

DEBT OPERATIONS.

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury Bills

Treasury Bulletin

54
PUBLIC DEBT OPERATIONS.
Table PDO-7.

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury Bills-Continued

Date of

August 1980
55
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-7
urc*:
/
I
I

Bureau of the Public Debt.
Original call and maturity dates are used.
All by investors other than Federal Reserve banks.
Exchanged by Federal Reserve banks and Government accounts for
$368
million of 77. notes of Series H-l<)79, 51,939 million, of
87. notes
of Series A-1983 and $215 million of 8-l/*7. bonds of 2000-05
issued
February 17, 1976.
Exchanged by Federal Reserve banks and Government accounts tor
77
notes of Series H-1979 issued February 15, 1976.
Exchanged by Federal Reserve banks and Government accounts
for 6-3/47
notes of Series K- 1978. issued March 31, 1976.
Exchanged by Federal Reserve banks and Government accounts
for $276
million of 7-7/87. notes of Series A-1986 issued 5/17/76
and $85
million of 7-7/87. bonds of 1995-2000 issued May 17, 1976.
Exchanged by Federal Reserve banks and Government accounts for
$300
million of 6-1/27. notes of Series L-1978 and $196 million
of 7-7/87
notes of Series A-1986, and $32 million of 7-7/87. bonds
of 1995-2000
issued May 17, 1976.
Exchanged by Federal Reserve banks and Government accounts
for 7-1/87
notes of Series M-1978 issued June 1, 1976.
Exchanged by Federal Reserve banks and Government accounts
for 6-7/87
notes of Series N-1978 issued June 30, 1976.
Exchanged by Federal Reserve banks and Government accounts
for $700
million of 6-7/87. notes of Series J-1979, $60 million
of 87. notes of
Series B-1986, and $342 million 87. bonds of 1996-2001Issued August 16,

Exchanged by Federal Reserve banks and Government accounts
for $1 417
million of 87. notes of Series B-1986 and $250 million of
87. bonds'of
1996-2001 Issued August 16, 1976.
Exchanged by Federal Reserve banks and Government accounts
for 6-5/87
notes of Series Q-1978 issued August 31, 1976.
Exchanged by Federal Reserve banks and Government ^ccopnts
for 6-1/47
notes of Series R-1978 issued September 30, 1976.
Exchanged by Federal Reserve banks and Government accounts
for 5-7/87
notes of Series S-1978 Issued November 1, 1976.
Exchanged by Federal Reserve banks and Government
accounts for $70
million of 6-1/47. notes of Series K-1979 and $50 million
of 77.
notes of Series B-1983 issued November
15, 1976
Exchanged by Federal Reserve banks and Government
accounts for 5 3/47
notes of Series T-1978 issued November 30, 1976
Exchanged by Federal Reserve banks and
Government accounts for 5-1/47
notes of Series U-1978 issued December 31, 1976.
Exchanged by Federal Reserve banks and Government
accounts for SI 30n
million of 6-1/2/. notes of Series C-1980,
$881 million of 7-1/47 notes
of series A- 1984 and $391 million of
7-5/87. bonds of 2002-2007 issued
February 15, 1977.
Exchanged by Federal Reserve banks and Government
account-, for 5-7/87
notes of Series M-1979 issued February
28, 1977.
Exchanged by Federal Reserve banks and Government
accounts for 67
notes of Series N-1979 issued March 31, 1977.
Exchanged by Federal Reserve banks and Government
accounts for 5 7/87
notes of Series P-1979 issued May 2, 1977.
Exchanged by Federal Reserve banks and Government
;/«•/
accounts for 7'-3/0/.
bonds of 2002-2007 issued May 16, 1977
Exchanged by Federal Reserve banks and Government
accounts for $2 623
million of 7-1/47. notes of Series A-1984 and
$373 million of 7-5/87
bonds of 2002-2007 issued May 16, 1977.
Exchanged by Federal Reserve banks and Government
accounts for 6 1/87
notes of Series Q-1979 issued May 31, 1977.
Exchanged by Federal Reserve banks and Government
accounts for 6 1/87
notes of Series R-1979 issued June 30, 1977
Exchanged by Federal Reserve banks and Government
accounts for 6-1/47
notes of Series S-1979 issued August 1, 1977.
Exchanged by Federal Reserve banks and Government
accounts for $425
million of 6-3/47. notes of Series H-1980,
$300 million of 7-1/47
B-1984, and $199 of 7-5/87. bonds of 2002-07
issu'ed

Arust°l5^"9^^

30/

Exchanged by Federal Reserve banks and
Government
notes of Series T-1979 issued August 31, 1977
Exchanged by Federal Reserve banks and
Government
notes of Series U-1979 issued September
30, 1977.
Exchanged by Federal Reserve banks and Government
notes of Series V-1979 issued October
31, 1977.
Exchanged by Federal Reserve banks and
Government

accounts for 6-5/87
accounts for 6-5/37

accounts for 7-1/47
accounts for $625

of Series A-1987 and $240 million
of 7-7/87. bonds of 2002-07 issued
November 15, 1977.
Exchanged by Federal Reserve banks and
Government accounts for 7-1/87
notes of Series W-1979 Issued November
30, 1977.

Exchanged by Federal Res rve banks and Governme
7-1/27.
notes of Series X-1979 i sued January 3, 1978.
Exchanged by Federal Res rve banks and Governme
7-1/27.
notes of Series K-1980 i sued January 31, 1978.
Exchanged by Federal Res rve banks and Governme...
.^
51,000
million of 7-1/27.
>f
Series M-1981, $200 million of 87.'
A-1985, and $771
of 8-1/47. bonds of 2000-05 issued
February 15, 1978.
Exchanged by Federal Reserve banks and Government
accounts for 7-5/87
notes of Series L-1980 issued February 28, 1978.
Exchanged by Federal Reserve banks and Government
accounts for an
additional amounts of 7-1/27. notes of Series C-1980
issued March 31,
•

Exchanged by Federal Reserve banks and Government accounts
for 7-3/47
notes of Series N-1980 issued May 1, 1978.
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, 1928.
Exchanged by Federal Reserve banks and Government accov nts
for 8-1/47.
notes of Series A-1988 issued May 15, 1978.
Exchanged by Federal Reserve banks and Government accoi
of Series P-1980 issued May 31, 1978.
Exchanged by Federal Reserve banks and Government accoi
3-1/47.
notes of Series Q-1980 issued June 30, 1978.
Exchanged by Federal Reserve banks and Government accot
8-1/27.
notes of Series R-1980 issued July 31, 1978.
Exchanged by Federal Reserve banks and Government accou
s for 534
million of 8-1/47. notes of Series B-1985 and $600 mlUi
of 8-3/87.
bonds of 2003-2008 Issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts
for $1,200
million of 8-3/87. notes of Series N-1981 and $1,400 million
of 8-1/47.
notes of Series B-1985 issued August 15, 1978.
Exchanged by Federal Reserve banks and Government accounts
for 8-3/87
notes of Series S-1980 issued August 31, 1978.
Exchanged by Federal Reserve banks and Governm
8-5/87.
notes of Series T-1980 issued October 2, 1978.
Exchanged by Federal Reserve banks and Governm
8-7/87.
notes of Series U-1980 issued October 31, 1978.
Exchanged by Federal Reserve banks and Government
accounts for $978
million of 9-1/47. notes of Series K-1982,
$931 million of 8-3/47
notes of Series B-1988, and $678 million
of 8-3/47. bonds of 2003-08
issued November 15, 1978.
Exchanged by Federal Reserve banks and Government
accounts for 9-1/47
OotES of Series V-1980 Issued November 30, 1978.
Exchanged by Federal Reserve banks and Government
accounts fgr $450
million of 9-7/87. notes of Series W-1980 and $192
million of notes
of Series I.-1982 issued January 2, 1975.
Exchanged by Federal Reserve banks and Government
iccounts for 9-3/87
notes of Series L-1982 issued January 2, 1979
Exchanged by Federal Reserve banks and Government
accounts for 9-3/«
notes of Series P-1981 Issued January 31, 1979.
Exchanged by Federal Reserve banks and Government
.crounts for $931
^"'" ^'''^^ """ ^8°° ""'l""" "f 8-3/47. bonds
^ °J
iVVnT^
n« issued
"°f February
of 2003-08
15, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-3/47
notes of Series Q-1981 Issued February 28, 1979,
Exchanged by Federal Reserve banks and Government
accounts for 9-5/87
notes of Series R-1981 issued April 9, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-3/47
notes of Series S-1981 issued April 30, 1979.
Exchanged by Federal Reserve banks and Government
accounts for $350
million of 9-1/47. notes of Series A-1989 and
$200 million of 9-1/87
bonds of 2004-09 Issued May 15, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-3/47
notes of Series T-1981 issued May 31, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-1/87
notes of Series U-1981 issued July 2, 1979.
Exchanged by Federal Reserve banks and Government
accounts for $93
million of 9-1/87. notes of Series U-1981 and
$203 million of 8-7/87
notes of Series E-1983 Issued July 2, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-3/87
notes of Series V-1981 Issued July 31, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 97
notes of Series M-1982 Issued August 15, 1979.
Exchanged by Federal Reserve banks and Government
accounts for $106
million of 97. notes of Series M-1982, $500 million
of 97. notes of
Series B-1987, and $396 million of 9-1/87. bonds,
of 2004-09 Issued
August 15, 1979.
Exchanged by Federal Reserve banks and Government
accounts for 9-5/87
notes of Series W-1981 issued August 31, 1979.

Treasury Bulletin

56
PUBLIC DEBT OPERATIONS.
Table PDO-8.

Foreign Series Securities (N on marketable)

Issued to Official Institutions of Foreign Countries

August 1980

51
.PUBLIC DEBT OPERATIONS.
Table PDO-8.

Foreign Series Securities (Nonraarketable)

Issued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. dollars; dollar amounts in millions)

1978-Mar.- Continued
Certificates of inde

Certificates of indebtednes

VO<l/78

Treasury Bulletin

38
PUBLIC DEBT OPERATIONS.
Table PDO-8.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries— Continued

August 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-8.
Issued to

Foreign Series Securities (Nonmarketable)

Officifil Institutions of

Foreign Countries—Continued

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)

8/22/78
8/22/78
8/23/78
8/23/78
8/23/78
Ali-iin
8/24/78
8/25/78
8/25/78

8/31/78
8/31/78
S/31/78
10/2<)/76

nni^m
11/24/78

U/24/78
U/24/78
11/24/78
11/29/78
11/30/78
11/30/78
11/30/78
10/30/78
7/31/79
7/31/79

3/09/78
9/07/73
6/02/78
6/15/78
6/15/78
6/16/78
6/16/78
6/27/78
6/29/78
6/29/78
7/05/78
8/10/78
8/16/78
8/17/78
8/22/78
8/22/78
3/23/78
8/24/78
9/01/78
9/15/78
9/15/78
9/15/78
9/15/78
9/15/78
9/21/78
9/22/78
9/26/78
9/26/78
9/26/78
9/27/78
9/27/78
9/27/78
9/27/78
9/28/78
9/29/78
9/29/78
9/29/78
9/29/78

9/07/78
3/08/79
9/01/78
9/15/78
9/15/78
9/15/78
9/15/78
9/27/78
9/29/78
9/29/78
10/05/78
11/10/78
11/16/78
11/17/78
11/21/78
11/21/78
11/24/78
11/24/78
12/01/78
12/15/78
12/15/78
12/15/78
12/15/78
12/15/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/29/78
12/29/78
12/29/78
12/29/78

7/19/72
10/01/76
10/29/76

4/13/78
7/05/78
7/05/78
7/06/78
8/10/78
8/14/78
8/16/78
8/18/78
8/18/78
8/21/78
8/24/78
8/25/78
8/29/78
9/01/78
9/15/78
9/15/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/05/78
10/06/78
10/06/78
10/06/78
10/12/78
10/12/78
10/12/78

7.30
7.30
7.30
7.30
7.30

11/24/78

8/0<)/78

8/08/78

of indebtednes

11/21/78
11/21/78
11/24/78
11/24/78

6.65
6.65
6.65
6.65
6.65
7.00
7.00
7.00
7.05
6.80
6.90
6.90
7.30
7.30
7.30
7.30
7.35
7.70
7.70
7.70
7.70
7.70
7.90
7.90
8.10
8.10
8.10

9/22/78
9/30/78
10/30/78
8/15/85
4/12/79
10/12/78
10/12/78
10/05/78
10/05/78
10/05/78

U/10
11/14/

11/16/78
11/20/78
11/20/78

U/21/78
11/24/78
11/24/78
11/29/78
12/01/78
12/15/78
12/15/78
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/12/79
1/12/79
1/12/79

6.80
6.90
6.90
6.90
6.90
7.30
7.30
7.35
7.35
7.70
7.70

8.20
8.20
8.20

August 1980

61
.PUBLIC DEBT OPERATIONS.
Table PDO-8.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries— Continued

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)

1978-Nov.- Contin
Certificates

11/20/78
11/21/78
11/21/78
11/21/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/24/78
11/29/78
11/30/78
11/30/78
11/30/78

2/20/79
2/21/79
2/21/79
2/21/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/23/79
2/28/79
3/01/79
3/01/79
3/01/79

9/15/78
9/15/78
9/15/78
9/15/78
9/15/78
9/21/78
9/22/78
9/26/78
9/26/78
9/26/78
9/27/78
9/27/78
9/27/78
9/27/78
9/28/78
9/28/78
9/29/78
9/29/78
9/29/78

12/15/78
12/15/78
12/15/78
12/15/78
12/15/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/28/78
12/29/78
12/29/78
12/29/78

10/05/78
10/05/78
10/05/78
10/05/78
10/06/78
10/06/78

1/05/79
1/05/79
1/05/79
1/05/79
1/05/79
1/05/79

8.20
8.20
8.20
8.20
8.20
8.20

11/06/78
11/10/78
11/14/78
11/14/78
11/16/78
11/24/78
11/24/78
11/30/78
11/30/78
11/30/78

2/05/79
2/09/79
2/14/79
2/14/79
2/16/79
2/23/79
2/23/79
3/01/79
3/01/79
3/01/79

8.45

12/01/78
12/01/78
12/06/78
12/06/78
12/07/78
12/07/78
12/07/78
12/12/78
12/12/78
12/13/78
12/13/78
12/15/78
12/15/78
12/15/78
12/15/78
12/18/78
12/18/78
12/19/78
12/21/78
12/22/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/27/78
12/28/78
12/28/78
12/29/78
12/29/78
12/29/78
12/29/78

3/01/79
3/01/79
3/06/79
3/06/79
3/07/79
3/07/79
3/07/79
3/12/79
3/12/79
3/13/79
3/13/79
3/15/79
3/15/79
3/15/79
3/15/79
3/19/79
3/19/79
3/19/79
3/21/79
3/22/79
3/27/79
3/27/79
3/27/79
3/27/79
3/27/79
3/27/79
3/28/79
3/28/79
3/30/79
3/30/79
3/29/79
3/29/79

8.70
9.20
9.20
9.20
9.20

7.70
7.70
7.70
7.70
7.70
7.90

8.10
8.10
8.10
8.10
8.10

9.00
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
8.95
9.25
9.25
9.25
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35
9.35

August 1980

63
.PUBLIC DEBT OPERATIONSTable PDO-8.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars;

l')78-Dec.- Co

IO/05/7S
10/05/78
10/06/78
10/06/78
10/06/78
10/12/78
10/12/78
10/12/78
10/13/78
10/13/78
10/13/78
10/18/78
10/18/78
10/18/78
10/19/78
10/19/78
10/23/78
10/27/78
10/27/78
10/30/78
10/30/78
10/31/78
10/31/78
11/01/78
11/03/78
11/06/78
11/16/78
11/16/78
11/20/78
11/21/78
11/24/78
11/24/78
11/30/78

U/30/78
12/15/78
12/15/78
12/15/78
12/27/78
12/27/78
12/27/78
12/27/78
12/29/78

1/02/79

Certificates of indebtednes

doUa

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)

1979-Feb.- Continued
Certificates of indebtedn

Notes

Mar
Bills

12/01/78
12/06/78
12/07/78
12/07/78
12/12/78
12/12/78
12/13/78
12/18/78
12/19/78
12/27/78
12/27/78
12/29/78
12/29/78

3/01/79
3/06/79
3/07/79
3/07/79
3/12/79
3/12/70
3/13/79
3/19/79
3/19/79
3/27/79
3/27/79
3/29/79
3/30/79

1/03/79
1/04/79
1/05/79
1/05/79
1/12/79
1/12/79
1/18/79
1/18/79
1/19/79
1/19/79
1/26/79
1/26/79
1/30/79
1/30/79
1/31/79
1/31/79

4/03/79
4/04/79
4/05/79
4/05/7Q
4/12/79
4/12/79
4/18/79
4/18/79
4/19/79
4/19/79
4/26/79
4/26/79
4/30/79
4/30/79
4/30/79
4/30/79

2/01/79
2/01/79
2/01/79
2/01/79
2/02/79
2/02/79
2/02/79
2/02/79
2/02/79
2/02/79
2/06/79
2/06/79
2/06/79
2/07/79
2/07/79
2/07/79
2/08/79
2/08/79
2/08/79
2/08/79
2/08/79
2/09/79
2/09/79
2/09/79
2/09/79
2/09/79
2/13/79
2/14/79
2/15/79
2/23/79
2/28/79

5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/02/79
5/07/79
5/07/79
5/07/79
5/07/79
5/07/79
5/07/79
5/08/79
5/08/79
5/08/79
5/08/79
5/08/79
5/09/79
5/09/79
5/09/79
5/09/79
5/09/79
5/14/79
5/14/79
5/15/79
5/23/79
5/31/79

9/07/72
2/07/79
1/29/79

2/07/79
2/14/86
4/30/79

Certificates of indebtedne

9/07/78

3/08/79

12/01/78
12/06/78
12/07/78
12/12/78
12/13/78
12/15/78
12/18/78
12/21/78
12/22/78
12/27/78
12/28/78
12/28/78
12/29/78

3/01/79
3/06/79
3/07/79
3/12/79
3/13/79
3/15/79
3/19/79
3/21/79
3/22/79
3/27/79
3/28/79
3/28/79
3/30/79

2/02/79

August 1980

65
PUBLIC DEBT OPERATIONS,
Table PDO-8.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries— Continued
(Payable in U.S. dollars; dollar

in millions)

Treasury Bulletin
PUBLIC DEBT OPERATIONS.

August 1980
.PUBLIC DEBT OPERATIONS.
Table PDO-8.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries— Continued

Tireasury Bulletin

68
.PUBLIC DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries— Continued
Table PDO-8.

August 1980

69
.PXJBUC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Counti^es-Continued

Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-9.

Foreign Currency Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)

7/07/76
8/06/76
1/06/7!)

8/06/76
8/20/76
i)/10/76

1/06/78
2/06/78
7/06/79

2/06/78
2/20/78
3/10/78

10/08/76
3/10/78

3/10/78
4/07/78
9/10/79

10/08/76
10/29/76
4/28/78

4/07/78
4/28/78
10/29/79

5.95
5.80
7.70

12/10/76
3/08/77
6/09/78

6/09/78
9/08/78
10/29/79

5.25
5.90
7.95

<)/10/76

3/08/77
4/18/77

10/18/78
10/18/78

7/06/79
9/10/79

4/18/77
5/26/77
10/18/78

10/18/78
11/27/78
10/29/79

11/27/78
11/27/78
11/27/78
11/27/78

2/20/79
3/01/79
4/20/79
7/06/79

11/27/78
2/20/79
11/27/78

2/20/79

9.00

8/19/77

2/20/79

6.60

11/27/78
11/27/78
9/01/77

2/27/79
3/01/79
3/01/79

9.00
9.00
6.40

10/18/78
10/18/78
11/27/78
11/28/78

7/06/79
9/10/79
7/06/79
2/20/79

9.00
9.00
9.70
9.30

10/20/77
1/06/78
3/10/78
4/28/78
6/09/78
10/18/78

4/20/79
7/06/79
9/10/79
10/29/79
10/29/79
10/29/79

7.15
7.05
7.40

Certifi
Feb.

August 1980

PUBLIC DEBT OPERATIONS.
Table PDO-10.

Foreign Currency Series Securities

Issued to Residents of Foreign Countries

Treasury Bulletin

12
.UNITED STATES SAVINGS BONDS.

E£ and Se

currently sold.

Series EE January
since January

the only

Series E has been

1980

1980.

vings bonds

sale since May 1, 1941,

and Se •ies HH has been on sale

Series A-D

1935 through April 30, 1941.

Series

May 1,1941 through April 30, 1952.
1,

:ere sold from
F and G

March

were sold

from

Series H sold from June

1952 through

December 31, 1979.

Ser es J and K were sold from

through April 30, 1957.

issues, interest yields, maturities, and other terms appear
in the Treasury Bulletins of April 1951, May 1951, May 1937,

October and December 1959, May and October 1961, June 1968,
and September 1970; and the Annual Report of the
of the Treasury for fiscal years

Table SB-1.

Sales and Redemptions by Series, Cumulative through

(In millions of dollars)

May 1, 1952

Details of the principal changes in

May

31,

Secretary

1966 through 1977.

1980

August 1980

73
.UNITED STATES SAVINGS BONDS,
Table SB-3.

Sales and Redemptions by Periods, Series
(In millions of dollars)

Redempti

5,082
5,')3<1

6,514
6,429
6,826

30,411
2,056
2,310
2,564
2,749

178,927
7,138
8,249
9,078
9

10,078
10,790
2,735
11,722
12,131
11,613

7,2<)3

1,833
7,895
8,026
7,295

146J47
4,665
5,477
6,236
6,270
6,862
7,038
7,555

1,909
2,192
2,426
2,673
2,994
3,368
3,597
3,910

6,574
7,669
8,662
8,943
9,856
10,406
11,152
11,853
12,139
11.286

E through

Treasury Bulletin
.UNITED STATES SAVINGS BONDS,
Table SB-3.

Sales and Redemptions by Periods, Series

E through K— Continued

August 1980
.UNITED STATES SAVINGS BONDS.
Table SB-4.

Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)

31,488
2,184
2,253
2,471
2,548
2,560
2,712
2,410
2,043
2,126
2,721
2,544
2,820
717
3,578
3,157
5,654

22,025
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816

54,505
^,841
2,022
2,053
2,508
2,627
2,481
3,275

34,131
2,827
2,014
2,047
2,505
2,622
2,481
3,275
2,556
3,125

2,5 56

3,129
6,459

794

-577
3,153
5,651

6,448

575

2,240
1,729
2,416
2,515
1,334
850
747

575
664
1,037
1,326
1,618
2,066

48,043

Treasury Bulletin
.UNITED STATES SAVINGS NOTES

The

United States savings
through June 30, 1970.
by

individuals

with

ipal

pur

3tion and information on investment yields of savings note

the

sar in the Treasury Bulletins of March 1967 and June 1968
in the

savings bonds.

:al

Table SN-1.

Annual Report of the Secretary of the Treasury fo

year 1974.

Sales and Redemptions by Periods
(In millions of dollars)

Amount
outstanding

1968-69..
1970
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979

Calendar ye
1968-69..
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979

Month

;

1979-July,
Aug..
Sept.
Oct..
Nov..

Dec.
1980-Jan.
Feb..
Mar..

Apr.
May.

June
July

ce:

435
413
407
394

August 1980
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Type of Issues
(In millions of dollars)

Treasury Bulletin

78
.OWNERSHIP OF FEDERAL SECURITIES
Tftble

OF8-2>

Estimated Ownership of iPublic Debt Securities by Private Investors

Individuals 3/

20.7
137.9
133.6
139.5

208.1
196.8
199.4
193.5
197.2
197.2

137.7
131.9
136.2
142.8
150.4

203.7>

204.4
210.6
204.5

1960-June.
Dec.
1961 -June.

1962.june.
Dec.
196S-June.

1971-June.
Dec.
1972-June.

Dec
1973-June.
Dec.

1974-June.

Dec.
1975-June.
Dec,

1976-June.
Dec

243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
376.4
409.5

63.9
64.1
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4

30.8
30.3
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

55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7

149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6

69.7
56.1
64.6
65.8
65.5
65.9
65.9

155. <)

69.5
70.7
71.9

54.8
57.4
55.5
63.8
59.7
66.0
55.3

154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4

61.0
65.3
60.9
67.7
58.8
60.3

167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
283.8
305.7

53.2
55.6
69.0
85.1
92.5

155.4
156.1

72.8
74.2
70.4
73.5
74.2
75.1
77.3

73.9
75.9
77.3

Mar.

12.0
11.8
11.5

11.4

U.l
11.3
10.7
10.5

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
55.0
55.9
59.2
71.6

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
15.4
16.9
18.8
21.5
21.6
24.0

28.6

May.

477.8
July.
.Aug.
Sept.

12.5
12.2
12.5
12.6
12.5

10.0

1977-June.

473.1
477.1
483.7

373.0
375.5
383.0
379.2
381.2
378.7

106.3
107.0
107.1
107.3
108.1
108.2

482.3
489.0
488.3
494.7
502.3
508.6

97.9
96.8
96.3
95.3
94.5
94.7

384.4
392.2
392.0
399.4
407.8
414.0

108.6
109.2
109.4
110.0
110.3
110.8

521.4
518.6
519.6
517.1

93.3
94.4
95.6
96.2
97.6
94.0

428.1
421.2
424.0
420.9
423.9
422.6

111.2
111.6
111.9
112.3
112.6
112.5

93.4
92.7
92.3
93.5
95.0
97.0

426.4
428.8
431.7
433.0
433.6
443.5

112.7
112.9

524.0
526.5
528.6
540.5
546.9
551.6
360.5
563.0
562.9
558.2

97.1
97.8
99.3
99.2
100.0
100.0

453.8
461.2
463.8

78.0
78.4
78.7
79.0
79.3
79.4
79.8

113.

113.4
113.7
114.1

77.3
75.5

118.0
117.

113.3

73.9
73.1

August 1980
-TREASURY SURVEY OF OWNERSHIP.
June 30, 1980

The monthly Treasury Survey of Ownership covers securities
issued by the United States Government, Federal agencies. Fed-

erally-sponsored agencies, and the District of Columbia.

tions in the September I960 Bulletin, and for State and local

governments in the February 1962 Bulletin.

The

banks and insurance companies included in the Survey currently

account for about 80 percent of all such securities held by
The similar proportion for corporations

Holdings by commercial banks distributed according to

and for savings and loan associations is 50 percent, and for

Federal Reserve member bank classes and nonmember banks ar«

these institutions.

State and local governments, iO percent.

Data were first pub-

published for June 30 and December 31.

Holdings by corporate

lished for banks and insurance companies in the May 1941 Treas-

pension trust funds are published quarterly, first appearing in

ury Bulletin, for corporations and savings and loan associa-

the March 195A Bulletin.

June

Treasury Bulletin

80
TREASURY SURVEY OF OWNERSHIP

MAY
Table TSO-2.

31,

1980

Interest-Bearing Marketable Public

by Type and Maturity Distribution

of Table TSO-5.

Debt

Securities

August 1980
TREASURY SURVEY OF OWNERSHIP

MAY
Table TSO-3.

(Par values

Total

Treasury Notes- (Co
7-1/4
11-3/8
11-1/2

ed)

1981-L...
1981-AB..
1982-N...
1982-D...
1982-P...
l')82-G...
1<)82-Q...

9-1/4
7-7/8

U-5/8
8-7/8
11-7/3
9-1/4
9-3/4
7

10-1/2
7-1/4
14-1/4
9-1/4
7-1/4
10-3/8
14-3/8
8-1/4
7-7/8

1982-R...
1982-E...
1982-A...
1982-K. ..
1982-H...
1982-B...
1982-M...
1982-J...
1982-C..
1982-F...
19e2-L...
1983-A...
1983-D...
1983-C...
1983-G...
1983-E...
1983-J...
1983-K. ..
1983-F...
1983-B...
1983-H...
1984-A...
1984-0...
1984-C...
1984-B...
1985-A...
1985-C...
1985-D...
1985-B...
1985-A...
1986-B...
19S7-B...
1987-C...
1978-A...
1988-A. ..

31,

1980

Interest-Bearing Marketable Public Debt Securities by Issue— Continued
-

in millions of dollars)

Treasury Bulletin

82
TREASURY SURVEY OF OWNERSHIP

MAY
Table TSO-4.

31,

Securities Issued by

1980

Government Agencies

August 1980

83
.MARKET QUOTATIONS ON TREASURY SECURITIES. JULY

Current market quotations shown here are over-the-

31,

1980

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.

Table MQ-1.
Amcfunt outstanding

(millions)

States Government are excluded.

The securities

Treasury

Bills

Securities

Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES. JULY
Table MQ-2.

Treasury Notes-Continued

31,

1980

August 1980

83
.MARKET QUOTATIONS ON TREASURY SECURITIES. JULY
Table MQ-3.

Treasury Bonds

31,

1980

Treasury Bulletin

86
.MARKET QUOTATIONS ON TREASURY SECURITIES,

August 1980

87
AVERAGE YIELDS OF LONG -TERM BONDS,

Table AY-1.

Treasury
bonds 1/

Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods

New Aa

Treasury Bulletin
AVERAGE YIELDS OF LONG -TERM BONDS,

August 1980

89
NATIONAL BANK REPORTS

Table NBR-1.

Operating Income and Expense, and Dividends of National Banks

Calendar Year 1979

(Dollar amounts in millions)

Nxamber of banks 1/.

Equity Capital:

Capital stock, par value:
Preferred
Common

U,403

Total capital stock

11,434

Total equity capital

54,296

OPERATING INCOME;
Interest and tees on loans
Interest on balances with depository institutions
Income on Federal funds sold and securities purchased under agreements to resell
Interest on U.S. Treasury securities and on obligations of other U.S. Government agencies and corporat
Interest on obligations of States and political subdivisions in the U.S
Interest from all other securities (including dividends on stock)
Income from lease financing
Income from fiduciary activities
Service charges on deposit accounts in domestic offices
other service charges, commissions, and fees
Other operating income

61,802
6,931
3,551
5,367
3,748
755
731
1,345
1,316
2,453
1,887

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 in foreign offices
Interest- on other deposits
Expense of Federal funds purchased and securities sold under agreements to repurchase
Interesc on demand notes issued to the U.S. Treasury and on other borrowed money
Interest on subordinated notes and debentures
Occupancy expense of bank premises, net, and furniture and equipment expense
Provision for possible loan losses factual net loan losses).
Other expenses

12,404
10,723
16,904
15,737
8,498
2,015
265
3,571
2,252
7,356

79,725

Total operating expenses
INCOME BEFORE INCOME TAXES AND SECURITIES GAINS OR LOSSES

10,161

APPLICABLE INCOME TAXES (domestic and foreign)

2,754

INCOME BEFORE SECURITIES GAINS OR LOSSES

7,407

SECURITIES GAINS,

(losses)

net

INCOME BEFORE EXRTAORDINARY ITEMS

EXTRAORDINARY ITEMS
NET INCOME

Cash dividends declared:
On preferred stock
On common stock

Ratios:
Net income, before dividends, to equity capital
Cash dividends to equity capital

Source:
Office of the Comptroller of the Currency
Includes all banks operating as National banks at year end.
1/

Treasury Bulletin

90
.INTERNATIONAL FINANCIAL STATISTICS

States reserve assets and li
statistics related to the United States
and international financial position.
on United

Table IFS-^i shows United Stat
bonds and notes issued to offici
residents of foreign countries.

of the United Stat
Table IFS-1 shows the
Lng rights held in
including its gold stock.
itional Monetary Fu
Special Drawing Account
holdings of convertible
sition in the Internatlon al Monetary Fund.
5

Table IFS-2 brings
to foreign official Insti
all
other foreigners,
balance-of-payments stati

Table IFS-6
hanges in exchan
nd the currencie

and liquid liabilitie
used in the United St

Table IFS-1.
(In

U^S. Reserve Assets
ons of dollars)

Gold stock 2/
rea
(1)

the United

Monetary Fund.

August 1980

.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2.

Selected U.S. Liabilities to Foreigners
ilUons of doUa

Liabilities
IMF
ising fro
gold transLons 1/

eported
y banks

Marketable U.S.
Treasury

NonmaTket•

U.S.

bonds and

n U.S.

dily
narke table

Marketable U.S.
Gov t
'

Dtes 4/

by 'banks
U.S.

notes 3/

NonmarketU.S.
isury
i

(11)

23,786
23,775

1970 10/....,
1971 22/
1972

68,593
68,720

,769
,

1973

127,432
152,468
193,827
244,323r
268,013r

10,519
11,206
15,747
15,747

53,196
53,203

80,712
91,975
126,080
156,841r
143,126r

1979-June
July
Aug
Sept....
Oct
Nov
Dec

246,904r
248,739r
271,594r
267,073r
261,734r
264,718r
268,013r

L38,243r
142,035r
L42,7g4r
143,786r
I40,853r
L35,318r
143,126r

1980-Jan
Feb
Mar
Apr

268,553r
278,220r
270,096r
263,813
265,177
270,175

I39,641r
L38,642r
L35,574r
133,887
[36,852
142,325

50,461
54,956
65,822

6,671
11,788
32,165

90T962r
78,077r

35,894r
37,669r

30,575
30,367

19,976
20,648
20,443

29,881
37,950
43.250

9,015r
9,993r

4,587r
0,804r
8i077r

20,697
19,797
19,547
19,547
18,497
17,837
17,387

3,603r
2,725
0,023
450
1,147
4,657

38,152r
37,888r
37,785r
37,718
38,i04
39,821

17,434
17,384
16,784
16,384
16,184
15,954

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. Federally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of dollars," and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organ-

Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases 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 International Monetary Fund to the United States to acqui
2/

y
6/

4,082
4,092
1,974
1,969

4,-J29

5,130
5,130

16,339
16,339

36,459r
37,501r
38,012r
38,103r
38,159r
37,122r
37,669r

l,914r
5,301r

4/
5/

4,864
4,792

1,955

66,86112/fi4,233

ri20,417
1^120,325

1975
1976
1977
1978
1979

3,452
3,452

295

39,823
39,162

40,093
40,093

83,787
93,642

1974 10/

51,209
50,651

Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data.
Excludes notes issued to foreign official nonreserve agencies.
Includes debt securities of U.S. Government corporations, Federally-sponsored agencies, and private corporations.
Includes liabilities payable in dollars to foreign banks, and
liabilities payable in foreign currencies to foreign banks and
"other foreigners."

9,173r
9,436r
9,536r
9,591r
9,610r
9,555r
9,993r

10,801
13,791
16,466

14,736

19,942r
26,851r

16,020r
18,526r

6,038
8,752
8j031
7,743
7,787r

77,686r
74,533r
)6,604r
)0,857r
S8,120r
)4,625r
)0,249r

3,949r
4,278r
4,122r
4,310r
4,673r
6,527r
6,851r

16,955
17,236r
17,155r
17,353r
I7,627r
I8,255r
18,526r

2,844r
2,892r
2,817r
2,807r
2,896r
3,003r
3,056r

4,150
4,150
4,150
4,150
4,150
5,269
5,269

7,026
7,893
8,084r
8,120
8,088r
S,248r
7,787r

I0,452r
)3,254r
I0,645r l)2,315r
I0,982r
)7,384
11,335
)4,235
LI, 417
»4,328
LI, 893
)1,956

8,371r
8,897r
8,902r
7,951
7,670
8,996

I8,625r
19,110r
19,034
18,121
17,748
18,971

3,309r
3,350r
3,431r

6,437
6,437
6,437
6,437
6,437
6,437

7,287
8,366
8,236r

]_/

^/
9/

11/

3,393
3,485

Includes marketable U.S. Government bonds and not
held by foreign
banks
Includes nonmarketable U.S. Government bonds and
tes held by
foreign banks.
Principally the International Bank for Reconstruction and Development,
the Inter-American Development Bank and the Asian Development Bank.
Data on the two lines shown for this date differ because of changesin reporting coverage- 'jFigures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to tliose shown for the following date.
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
are increased in value to reflect market exchange
rates as of December 31, 1971, as follows: U.S. Treasury certificates,
$7 million; nonmarketable U.S. Treasury bonds and notes, column 6,
$103 million and column 12, $18 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.
Preliminary
r
Revised.

Treasury Bulletin

92
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.

U.S.

Liabilities

Official

Institutions of Forei«JLXountriaa, by Area

August 1980

93
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4. - Nonmarketable U.S. Treasury Bondi and Notes
Issued to Official Institutions and Other Residents of Foreign Countries

Payable in dolla

(1)

2,289
2,640
2,840
2,540
2,540
2,100
1,650

3,698
<),809 4/

15,872
15,669
16,339
19,976
20,468
20,443

5,000
11,315
11,670
12,327
16,277
16,879
17,467

22,565
630

22,656

May..

July.

End of

23,947
23,697
23,697
22,647
23,106
22,656

17,467
17,267
17,267
17,267
17,007
16,607

1,930
1,930
1,930
930
630
630

23,871
23.821
23,221
22,821
22,621
22,391

16,607
16,607
16,007
16,007
15,807
15,807

677

22,391

15,807

Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5-

U.S. Position

the International Monetary Fund

August 1980

93
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-€.

Weighted-Average of Exchange Rate Changes for the Dollar

Treasury Bulletin

.CAPITAL

Backaround
Data relating to capital movements between the United
States and foreign countries have been collected since 1935
under Treasury regulations pursuant to Executive Orders Nos.
6550 of January 15, 193i4 and 10033 of February 8, 1949, and
Reports
of 1976.
the International Investment Survey Act
are filed with Federal Reserve Banks by banks, bank holding
companies, securities brokers and dealers, and nonbanking
Statistics on the princienterprises in the United States.
pal types of data and the principal countries are then consolidated and are published in the monthly Treasury Bulletin
,

The reporting forms and instructions 1^/ used in the Treasury International Capital (TIC) Reporting System have been
revised a number of times to meet changing conditions and to
increase the usefulness of the published statistics.
Recent
revisions to the reporting forms are part of a broad program
conducted over the past several years to ensure the adequacy
of the Treasury capital 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.
Revised forms
and instructions are developed with the cooperation of other
Government agencies and the Federal Reserve System and in consultations with representatives of banks, securities firms and
nonbanking enterprises.
The most recent revisions of the TIC B-series Forms, filed
by banks and some brokers in the United States, became effective with reports as of April 30, 1978; new data series were
introduced in the July 1978 Treasury Bulletin
Substantial
revisions of the C-series Forms, filed by nonbanking enterprises, were effective with reports as of December 31, 1978;
the new data series are shown beginning with the
June 1979
issue.
Major revisions of the TIC Forms
that affect
the
format and coverage of the current Capital Movements tables
are noted under "Description of Statistics" below.
.

Basic Definitions
The term "foreigner" as used in the Tre.asury reports
covers all
institutions and individuals domiciled outside
the United States, including United States citizens domiciled
abroad, and the foreign branches, subsidiaries and of f ices of
United States banks and business concerns; the
centril
govermients, central banks and other of ficial 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 ex-:
tent that they are known by reporting institutions to be acting on behalf of foreigners.
In general,
data are
reported opposite
the foreign
country or geographical area in which the foreigner
is
domiciled, as shown on the records of reporting institutions.
For a number of reasons, the geographical breakdown of the
reported data may not in all cases reflect the ultimate
ownership of the assets. Reporting institutions are
not
expected to go beyond the addresses shown on their records,
and so may not be aware of the country of domicile of the
ultimate beneficiary.
Furthermore, U.S. liabilities arising
fro™ deposits of dollars with foreign banks are reported
generally in the Treasury statistics as liabilities to foreign
banks, whereas the liability of the foreign bank receiving the
deposit may be to foreign official institutions or residents
of another country.

Data pertaining to branches or agencies of foreign
official institutions are reported opposite the country to
which the official institution belongs. Data pertaining to
international and regional organiaations are reported opposite
international or regional classification
the appropriate
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
issue.
Several countries formerly included in "Eastern

MOVEMENTS,

Europe" and in "Other Latin American Republics" are
shown
separately in the country list as wel 1 as a new category in
the International and Regional greuping 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" were combined into a single "Other Europe"
category; and the heading, "Latin America"
was
retit-led
"Latin America and Caribbean." To the extent possible, the
statistics for earlier dates have baen adjusted in accordance with the revised country stub.

Reporting Coverage
Reports are required from banks, bank holding companies
securities brokers and dealers, and nonbanking
enterprises
in the United States, including the branches agencies, subsidiaries, and other affiliates in the United States of foreign firms.
Institutions that have reportable liabilitities, claims, or securities transactions below specif led exemption levels are exempt from reporting.
,

Banks file reports monthly covering their dollar
liabilities to, and dollar claims on, foreigners in a number of
countries. Twice a year as of June 30 and December 31, they
also report the same liabilities and c laims items wi th 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 instances nonbanking enterprises report monthly their transactions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the
grand total of sales during the month covered by the report.
,

Quarterly reports are filed by exporters, importers,
industrial and commercial concerns, financial
institutions
other than banks and brokers, and other nonbanking enterprises
if their
liabilities or claims, on the six-month average
basis, are $2 million or more.
Beginning December 31, 1978,
these firms also report for each month-end their U.S. dollardenominated deposit and certificate of deposit claims on banks
abroad of $10 million or more.
Description of Statistics
Section I presents data in four tables on liabilities to
foreigners reported by banks in the United States.
Beginning
April 1978, amounts due to banks' own foreign offices are shown
separately; the previous distinction between short-term and
long-term liabilities has been eliminated; there is a separation of the liabilities of the reporting banks themselves
from their custody liabilities to foreigners; and foreign
currency liabilities are only reported quarterly. Also,
beginning April 1978, the data on liabilities are more complete by extending to securities brokers and dealers the
requirement to report certain of their own liabilities and
all of their custody liabilities to foreigners.
Table CM-I-1 showing total liabilities by type of foreign
holder, combines liabilities previously shown separately as
either short-term or long-term. Table CM-I-2, Parts A and B,
on foreigners' holdings of liabilities by type, shows total
Table CM-I-3
bank reported liabilities payable in dollars.
presents total liabilities by country for recent periods and
includes the long- term data previously shown separately ;whereas CM-I-4,
covering total
liabilities by type and country
for the most recent month,
includes several data items not
reported separately prior to April 1978.
The liabilities
data on supplementary countries previously presented in Table
CM-I-5 now appear in Table CM-III-1. (See Section III below.)
,

August 1980

.CAPITAL

MOVEMENTS.

Section II presents the claims on foreigners reported by
banks in the United States.
Beginning with data reported as
of the end of April 1978, banks' claims held for their own acacount are reported separately from claims held for their domestic customers.
The former are available in a monthly series
whereas the latter data are collected on a quarterly basis
only.
Also, there is no longer a breakdown available on the
long-term and short-term components of banks' claims. Maturity data are collected quarterly on a time remaining to maturity basis as opposed to the historic original maturity classification.
Foreign currency claims are also collected only
on a quarterly basis.
Table CM-II-1 presents total claims by type as reported
on the old B-series Forms and has been revised to include the
long-term claims components formerly published separately.
Table CM-II-2, showing total claims by type, is based on the
Table CM-II-3, which represents
revised banking reports.
total claims by country, merges the previously reported shortterm and long-term claims data from old CM-II-2 and CM-II-5.
New Tables CM-II-4 through CM-II-7 are based on the revised
reports and replace the previous tables which showed shortterm and long-term claims separately.

Another important change in the claims reporting, beginning with new quarterly data as of June 30, 1978, is the
adoption of abroadened concept of "foreign public borrower,"
"foreign official
which replaces
the previous category of
institution" to produce more meaningful information on lending
The term "forto the public sector of foreign countries.
and
eign public borrower" encompasses central governments
departments of central governments of foreign countries and
stabilization
of their possessions; foreign central banks,
other
corporations and
funds, and exchange authorities:
agencies of central governments, including development banks,
madevelopment institutions and" other agencies which are
jority-owned by the central government or its departments;
State, provincial and local governments of foreign countries
and their departments and agencies; and any intttnational or
agency
regional organization or subordinate or affiliated
thereof, created by treaty 9X convention between
sovereign
states.

Section III includes two supplementary tables on U.S.
Table
on, foreigners.
banks' liabilities
to, and claims
own
and banks'
CM-III-1 summarizes dollar liabilities to,
dollar claims on, countries and areas not regularly reported
separately.
Beginning with reports due as of June 30, 1978,
Previously, the
these data are collected semiannually.
semiannual reports were addressed to liabilities items only
and were reported as of April and December; however, they
Table
are now collected as of the end of June and December.
loans and credits to
CM-III-2 presents data on U.S. banks'
reports
and
on
the
nonbank foreigners, based on the TIC
monthly Federal Reserve 2502 reports submitted for foreign

branches of U.S. banks.
Sections IV and V, respectively,' stvos the liabilities to,
and claims on, unaffiliated foreigners by exporters, importers,
financial institutions
industrial and commercial concerns,
other than banks and brokers, and other nonbanking enterprises
intercompany
the
The data exclude
in the United States.
accounts of nonbanking enterprises in the United States with
their own branches and subsidiaries abroad or wi th their for(Such transactions are reported by
eign parent companies.
its
business enterprises to the Department of Commerce on
direct investment forms.) The data also exclude claims held
Beginning with data
through banks in the United States.
published in June 1979 (reported' as of December 31, 1978),

_1/

there is separation of the financial liabilities and claims
of reporting enterprises from their commercial liabilities
and claims; and items are collected on a time remaining basis
In addition,
instead of the prior original maturity basis.
the number of reporters increased somewhat as a result of a
late
broad canvass of prospective reporters undertaken in
1978.

liabilities
Section IV, Table CM-IV-1 combines
In
previously shown as either short-terra or long-term in old
these
shortTable CM-lV-1; Table CM-IV-2 combines
term and long-term liabilities by country and replaces precovering
vious Tables CM-IV-2 and CM-IV-4. Table CM-IV-3,
total liabilities by type and country for the most recent
quarter-end, includes several items not reported separately
prior to December 1978.
The tables in Section V have been extensively revised
to reflect
the changes in data collection format outlined
above and the elimination of a monthly form that covered
Spenonbanking enterprises' liquid claims on foreigners.
Table CM-V-1 combines short-term and long-term
cifically,
claims; Table CM-V-2 shows total claims by country and reCurrent Table CMplaces former Tables CM-V-2 and CM-V-7.
total claims by type and country and includes
V-3 shows
reported separately prior to end-year
items that were not
CM-V-5 and CM-V-6 no longer appear.
1978. Tables CM-V-4,

Section VI contains data on transactions in all types
foreign securities by foreigners
of long-term domestic and
as reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series; and nonforeign currency
marketable U.S. Treasury bonds and notes,
series,
which are shown in the "international Financial
Statistics" section, Table IFS-^t). The data cover new issues
of securities, transactions in outstanding Issues, and redempin
tions of securities. They include transac tions executed
the United States for the account of foreigners, and transinstiactions executed abroad for the account of reporting
The data include some
tutions and their domestic customers.
transactions which are classified as direct investments in
payments accounts.
The data exclude securthe balance of
issued abroad by foreign subsidiaries of U.S. corities
porations, some of which are treated in the balance of payments as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers and sellers of the securities; in the case of outstanding issues, this may differ from the country of the
original issuer.
The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
Beginning with
between foreigners of different countries.
data for 1969, transactions between foreigners in new issues
but managed by
States
residents
United
offered
for
sale
to
not
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
exclusions are the
The principal
and foreign countries.
intercompany capital transac tions of business enterprises in
the United States with their own branches and subsidiaries
abroad or with their foreign parent companies, and capital
Consolidated
transactions of the United States Government.
data on all types of international capital transactions are
published by the Department of Commerce in its regular repor-t*^
on the United States balance of payments.

Copies of the reporting forms and instructions may be obtained from the Office of Statisti
Reports, Office of the Assistant Secretary for International Affairs, Department of the
Treasury, Washington, D.C.
20220, or from Federal Reserve Banks.

Treasury Bulletin
CAPITAL
Section

Liabilities

MOVEMENTS

Foreigsers lb«ported by Bamki ia tkc Ualtftd At&t«A

Table CM-I-1. - Total Liabilities by Type of Holder

(In millions of dollars)

Foreign
Banks and other foreigner

Payable

(2)

1970 3/.

43,422
43,464

20,028
20^028
39,823

2,005* 4/

39,162 5/

39,665
38,988 5/

14,267
14,956 5/

14,708 5/

40,093

39,922

171

19,629

19,283

70,535

44,233

44,105

127 11

23,587

23,117

96,128
96,056

53.196

53,069
53,076

127
127

38,959
38,860

38,320
38,221

1975

96,147

50,461

39,982

39,430

1976

111,430

54,956

50,764

49,987

1977

127,065

65,822

57,985

57,071

1971 3/

1972

61,689

1973
1974 3;...

1978

53,203

90,706r
78,077r

1979i^

V
7/"

14,019

75,817r
108.775r

1979-June.

169,539r

71,914r

94,641r

92,670r

July.
Aug.
Sept.
Oct.

I70,514r
192,934r
187,678r
I82.737r
186,42er
189,208r

75,301r
75,689r
76,545r
74,587r
70,804r
78,077r

91,769r
113,759r
108,210r
105,747r
112,880r
108,775r

89,799r
lll,789r
105,831r
103,368r
110,501r
106,910r

l,971r8/
l,971r8/
2,379r
2,379r8/
2,379r8/
l,865r

186,714r
195,867r
188,214
182,885
185,084
188,078

73,603r
72,725
70,023

73;603r
72,725
70,023
68,450
71,147
74,657

lll,879r
121,425r
116,418
112,356
112,076
110,927

110,014r
119,560r
114,194
110,134
109,855
108,705

l,865r8/

Dec.

1980- Jan..
Feb..
Mar.
Apr..
.

June

l,971r

2,222 8/
2,222 8/
2,222 8/

August 1980

Treasury Bulletin

100
.CAPITAL MOVEMENTS.
Section

Liabilities

Table CM-I-2.

Part B

Foreigners Reported by Banks in th& United 8 t a ta «

Total Liabilities by Type, Payable in Dollars— Continued

Nonmonetary International and Regional Organizations

August 1980

101

CAPITAL MOVEMENTSSection

to Foreigners Reported by Banks in the United States
Table CM-I-3. - Total Liabilities by Country

Liabilities

7,851
2,553
1,235

1,869
15,036

16,383
590

1,373

3,522
1,787

102

Treasury Bulletin
-CAPITAL MOVEMENTSSection I - Liabiliti
Table CM-I-4. -

)

Foreigners Reported by Banks in the United States
Liabilities by Type and Country, as of J»ne 30, 1980
Preliminary
(Position In millions of dollars)

To foreign official

affiliated foreign

ba'

Belgium- Luxembourg.
Bulgaria
Czechoslovakia
Denmark

German Deniocr<
Germany. .....
Greece
Hungary
Italy
Netherlands..
Norway

i.,704

Portugal
Romania

Sweden
Switzerland..

and Caribbean:

Argentina..
Bahamas
Bermuda. , ..
Brazil
British Ues
Chile
Colombia...
Ecuador.

Hong Kong
India
Indonesia,

Malaysia.,
Pakistan.,

PhlUppin.
Singapore,

Total Africa

All other

Total other countries
Total foreign countries
Interoattooal and rep lo:
opeai

regloi

and regional

Grand total

188,078

Included In "Othe

U.S. Treasury bills and cer
of oil-exporting countries
amounted to $7,530 million.
Less than $500,000.

.,.
.

August 1980

103
.CAPITAL MOVEMENTS.
Section

II -

Claims on Foreigners Reported by Banks in the United States
Table CM-U-l.

Total Claims by Type

(OLD SERIES)

(In millions of dollars)

Payable

Otner
for-

eigners

Collections
outstanding
->r
;count of
. jporting
banks and

_12L
1968

1969 1/.

. .

12,828
12,930

1970

6,323

12,295
12,397

6,087
6,084

13,242

1971 1/ 2/.

16,837
16,939

15,973
16,022

7,848
7,314

1972 1/

for
account
of foreigners
raade

customersf7)

JiL

11,813

764
764

2,155
2,152

623

1,956

798

2,928 i/
2,395 2/

4,122
4,113

996
1,007

3,405
3,^00

5,811
5,852

806

3,169
3,169

Deposits
of
reporijng
banks and
domestic
customers
with foreigners

Accept-

(11)

(8)

3,169
3,202

1,084
1,096

2,475
2,475

-4,243

4,254

1,407
1,979

g,
2,

441
441

1973
1974
1975
1976

26,719
46,235
59,767
81,135

25,985
44,958
58,307
79,302

13,106
17,777
21,516
28,308

1,444
1,709
1,989
2,885

5,129
8,263
9,202
13,406

6,532
7,805
10,324
12,018

4,307
5,637
5,467
5,756

4,160
11,237
11,147
12,358

4,413
10,307
20,178
32,878

734
1,276
1,458
1,833

428
669
656
1,103

730

1977

92,562

90,205

30,631

2,961

15,367

12,302

6,176

14,212

39,187

2,355

941

i,a5

13,087

19"-lby...
June.

80,476
82,033

July..
Aug. .
Sept..
Oct.
Nov, .
Dee...

81,874
81,085
83,812
86,507
87,357
92,562
94,246
93,357
98,832
98,197

1978-Jan.

Feb.

Mar...
Apr. ,

Hote:

27,065
26,590

13,002
12,532

11,401
11,396

6,317
6,417

13,2U9.

32,041
33,848

1,966
1,968

864
834

1,101
1,133

81,869
84,300
85,270
90,205

27,921
27,284
28,997
28,969
28,183
30,631

2,536
2,759
2,792
2,896
2,889
2,961

13,829
12,967
14,310
13,961
13,665
15,367

11,556
11,558
11,894
12,112
11,629
12,302

6,352
6,200
6,025
6,005
6,045
6,176

13,478
13,610
13,698
13,768
13,462
14,212

32,288
31,877
33,149
35,557
37,580
39,187

1,835
2,114
1,944
2,207
2,086
2,355

794
1,006
818
900
841
941

1,041
1,109
1,126
1,307
1,246
1,415

91,874
91,040
96,449
95,876

29,306
29,346
32,498
32,335

3,037
3,079
3,003
3,311

13,922
14,115
16,949
16,596

12,346
12,151
12,546
12,428

6,342
6,446
6,765
6,910

13,592
13,689
13,892
13,783

42,634
a, 559
43,293
42,847

2,371
2,317
2,383
2,321

940
895
948
1,034

1,432
1,422
1,435
1,288

80,039
78,1)70

Total clalju Include clalma 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
has been
adjusted accordingly,
(See^ Introductory text to Capital Movements
Section for discussion of changes in reporting forms and coverage.;

coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
of the U.S. agencies and branches of foreign banks on their head
offices and foreign branches which were previously reported as loans
are included in "Other claims"; and a number of reporting banks are
included in the series for the first time.

Data on the two lines shown for this date differ because of changes
In reporting coverage.
Figures on the first line are comparable in

Table CM-II-2.

Total Claims by Type

(liEW

SERIZS)

(In millions of dollars)

Treasury Bulletin
104
-CAPITAL MOVEMENTSSection

Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country

August 1980

103
-CAPITAL MOVEMENTSSection

Table CM-II-4.

Claims on Foreigners Reported by Banks in the United States

Total Claims on Foreigners by Type and Country Reported by Banks in the

U .S.

as of

March

31,

1980

(Position at end of period In millions of dollars)

Reporting banks' own claims

maturity of
foreign publ
and unaffili

Payable

foreign

it,

905
148

1,048

Treasury Bulletin

106
.CAPITAL MOVEMENTS,
Section

Claims on Foreigners Reported by Banks
Table CM-II-5.

Banks'

Own

in the

United States

Claims, by Type

(In millions of dollars)

affiliated fo

naffiliated
ign banks

Total
reporting

On all
other

On fo
publi

On fo

(11)

1978-June.

Dec.
1979-Mar..
June.
Sept.
Dec.

1980-Mar.

92,956
98,898
119,165
110,987
117,700

3,711
4,583

71,566
77,662
87,477
6,268

85,265

41,424
43,515
53,835

3,243
4,235
5,338

8,101
8,631
9,939

34,450
35,868
41,966

5,311
4,679
5,456

25,106
27,109
35,011

19,^25
20,467
23,278

11,844
12,723
14,919

2,607
2,938
3,504

1,072
1,362
1,633

1,535
1,575
1,871

50,760
55,408
62,254
58,143

5,940
6,411
7,638
8,085

10,239
11,239
11,528
13,049

36,831
37,570
39,828
47,310

6,142
7,048
6,217

31,168
34,450
38,855
34,685

23,622
25,124
27,854
30,574

15,098
16,864
19,751
21,170

2,591
2,467
2,564
2,443

1,103
1,271
1,2201,017

1,343
1,425

12,945

45,488

5,479

34,213

30,407

20,095

2,812

1,212

57,058

8,419

7,156-

107

August 1980
-CAPITAL MOVEMENTSSection II
Table CM-II-6.

Claims on Foreigners Reported by Banks in the United States
Banks' Own Claims by Type and Country, Payable in Dollars.
June 30, 1980 Preliminary

On foreign publi.

Be Iglum-Luxembourg

Bulgaria
Czechoslovakia
Denmark
Finland

German Democratic Republic
Germany.
Greece
Hungary
Italy
Netherlands
Norway
Poland
Roman i a
Sweden
Switzerland
United Kingdom
U.S.S.R

Bahamas
Bermuda
Brazil
British Ues
Chile
Colombia. .

Trinidad and Tobago
Uruguay
; .

Korea

Malaysia,.
Pakistan..
Philippine
Singapore,
Syria
Thailand..
Other Asia
Total

Egypt..
Ghana..
Liberia

Other Afr
Total Afr

All other

Total other coun
Total foreign coun

International and

8,534
1,323
1,426

On all
other
foreigne

108

Treasury Bulletin
.CAPITAL MOVEMENTS.
Section

Claims on Foreigners Reported by Banks in the United States
Table CM-II-7.

Domestic Customers' Claims by Type

August 1980

109
.CAPITAL

Section

III

MOVEMENTS.

Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1. - Dollar Liabilities to, and Dollar Claims on,
Foreigners in Countries and Areas Not Regularly Reported Separately

Treasury Bulletin

110

.CAPITAL
Section

III

MOVEMENTS.

Supplementary Liabilities and Claims Data Reported by Banks in the United States

Table CM-III-2

Dollar Claims on

end of period in miili

Nonbank Foreigners

August 1980

III

CAPITAL MOVEMENTS
Section IV - Liabilitiea to Foreigners Reported by Nonbanking' Business Enterprises in the United States

Table CM-IV-1. - Total Liabilities by Type

Treasury Bulletin

112
CAPITAL MOVEMENTSSection IV

Liabilities to Foreigners

Reported by Nonbanking Business Enterprises

Table CM-IV-2.

Total Liabilitiea by Country

the United States

August 1980

113

-CAPITAL MOVEMENTSSection IV

Liabilities to Foreigners

Table CM-IV-3.

Reported by Nonbanking Business Enterprises

(Position in millions of

Belgium-Luxembourg
Czechoslovakia
Denmark
Finland

German Democratic Republl
Germany
Greece

Portugal.

Sweden
Switzerland.

United Kingdoi
U.S.S.R
Yugoslavia
ope.
Othe

Bahamas. .
Bermuda.. .
Brazil
British Wes
Chile
Colombia...
Cuba
,

Guat

Caribbean.

Total Latin

Am-

Hong Kong.
India
Indonesia,

Korea

Malaysia.
Pakistan.
Philippin
Singapore
Syria....

Egypt.
Ghana.
Liberi

All other.

. .

Total other
Total foreign

Middle East
Total interna
and regiona

March

Total Liabilities by Type and Country as of

31,

in the

1980

United States

Preliminary

Treasury Bulletin

114
CAPITAL MOVEMENTS
Section

Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-1. - Total Claims by Type
(In millions of dollars)

. .

August 1980

113
-CAPITAL

Section

MOVEMENTS-

Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-2.

Total dlaimi by Country

(Position at end of period in millions of dollars)

Belgium- Luxembourg.

Democratic Republii
Germany.
Hungary
Italy
Netherlands
Norway
Poland
Portugal. .
Romania. ..
Sp^in
Sweden
rland.

Other Europe.

Colombli

Taiwan...
Hong Kong.

Oil-exporting

Total Afr
Other count

,al

and regional

bec.i,se

overage to tl
olumn are cot
ntroductory

for the preceding

Treasury Bulletin

Il6

-CAPITAL MOVEMENTSSection

Claims on Foreigners Reported by Nonbanking Business Enterprises

Table CM-V-3.

Total Claims by Type and Country as of

March

31,

in the

1980

United States

Preliminary

August 1980

111

.CAPITAL MOVEMENTS.
- TraBsactions in Long-Term Seeurities by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of Long-Term Domestic Securities by Type

S«otioB VI

Table CM-VI-1.

(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United Sta

Marketable Treasury bonds and notes

U.S. Gov't corp

Federally- spons

Foreign countr
Gross
foreign

Net
foreign

1,995
8,096
22,843

1978
1979

4,702
2,8i3

20,377
3,729t
l,776i

1980-Jan-Ji

1,656

2,156

691
2,414
4,358
2,738
3,382

1,572
3,316
305
-472

-642
1,612
5,117

2,702
1,713

8,898
25,610
39,818
32,354
41,058
23,371

1979-June.

2,167

July.
Aug..

5,046
4,800
2,611
5,270
3,269
4,656

Sept.,

Oct..
Nov.
Dec...
.

1980-Jan...
Feb...
Mar..,
Apr...
May.p,

3,789r
3,498
3,736
2,430
2,435
7,483

(lA)

(12)

(5)

1970
1971
1972
1973
1974
1975
1976
1977

634
742-

1,043
2,433
3,854
6,903
17,514
16,974
27,651

1,585
3,253
4,969

38,2441

21,715

3,549
4,215
1,930
4,538
4,379
4,129

649

1,881
1,961
1,039
766
1,202
1,467

4,723
5,828
8,621
5,408
5,529
3,442

l,031r

3,459

2,607r

8,927
11,626
14,361
12,767
7,636
15,355
18,227
14,154
20,1451
22,643r

1,485

16,803

1,543
2,263
2,842
3,867
7,582
4,642
4,327
1,975

4,678
2,753
2,675

2, 4281

(15)

Treasury Bulletin

218

CAPITAL MOVEMENTSction

TransactionB 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

August 1980

119
-CAPITAL MOVEMENTS-

Table CM-VI-4.

SectiOD VI - Transactions in Long-Term Secarities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country

Treasury Bulletin

120
-CAPITAL MOVEMENTS- Transactions in Long-Term Securities by Foreigner
Reported by Banks and Brokers in the United States
Table CM-VI-6. - Net Foreign Transactions in Long-Term Domestic I
Other than Treasury Bonds and Notes, by Country

Section VI

121

August 1980
CAPITAL MOVEMENTSStctioD VI - Tr«n»acti0D8 in Long-Tfrin S«curiti«i by Fordgneri
Reported by Banki and Brokers in the United States
Table CM-VI-6. - Net Foreign Transactions in Domestic Stocks by Country
(In m

122

Treasury Bulletin
CAPITAL MOVEMENTSSection 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

August 1980

123
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-8. - Net Foreign Transactions in Foreign Stocks by Country

Uions

of dolla rs^ negative figures indicate net sales by foreigners or a net outflow of capital from the United States)

Treasury Bulletin

124
-CAPITAL MOVEMENTS-

Transactions in Long-Term Securities by Foreigners
States
Reported by Banks and Brokers in the United
Long-Term Securities,
Table CM-VI-9. - Foreign Purchases and Sales of
by Type and Country, During June 1980 Preliminary
Section VI

Romania,

Chile
Colombia

Hong Kong.
Indonesia.
Israel

Korea
Lebanon. ,
Malaysia..
Pakistan..
Philippine
Singapore.
Syria
Thailand..
Other Asia
Total Asia

Other Afri

Total other

123

August 1980
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 1979

Treasury Bulletin

126
.FOREIGN CURRENCY POSITIONS.

BackRround

have

Data

since

collected

been

banks

positions of

currency

firms

the

United States, and on those of foreign branches, majorityforeign

owned

foreign

majority -owned

and

partnerships,

"Majority-owned

foreign

on the

1974

nonbanking

and

subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies

partnerships"

foreign

those

are

organized under the laws of a foreign country in which

institutions

concerns

nonbanking

one

the

nonprofit

directly

States,

United

own more than 50 percent profit interest

indirectly,

"Majority-owned

subsidiaries"

foreign

are

Reporting has been

corporations in which one or more nonbanking business

nonprofit institutions located in the United

amendementto the Par Value Modification Act, of September

States directly or indirectly own stock with more than

and United States dollars held abroad.

pursuant

required

Title

of Public

Law

93-110,

Statistics

21, 1973, and implementing Trea^jry regulations.

percent of the total combined voting power of all

entitled

stock

vote,

than

on the positions will be published monthly in the Treasury

classes

Bulletin , beginning with data for December 1975.

percent of the total value of all classes of stock.

instructions

and

forms

report

The

used

the

Reporting Threshold

collection of bank data were revised effective with reports
as of November 1,

for the weekly reports,

1978,

became effective as of

(see below)

forms

foreign currency

for

The most recent revision of the nonbank

the monthly reports.

Among the changes

the last business day of September 1978.

the Belgian franc was deleted as a reporting

on the forms,

The exemption level applicable to banks and banking

and as of

1978 (the last business day of the month),

October 31,

The exemption

institutions is $10 million equivalent.

applicable

level

business

nonbanking

concerns and

nonprofit institutions was $1 million equivalent on all

nonbank forms
was

raised

March 1975 through November 1976.

froir

equivalent

million

From

reports of positions held in the United States.

currency.

monthly

the

November 1976 through September 1978 the exemption level
was raised to $3 million on foreign subsidiary positions
1977 and for positions held in the United

on June 31,

and Concepts

Common Defini

States on September 30, 1978.
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto

Canal

the

American Samoa,

Rico,

Zone,

locations

the

than

other

Midway

the

Island,

The term "foreign" means

Virgin Islands, and Wake Island.

"United

States"

term

The

Firms

currency

foreign

entire

their

report

must

position in a specified foreign currency if a specified
United States dollar equivalent value is reached in any
of

category

liabilities,

assets,

exchange

contracts

"worldwide" is used to describe the sum of "United States"

bought and sold, or the net position in the currency.

and "foreign" data.

general, exemption levels are applied to the entire firm

Data for the United States include amounts reported by

United

the

States

separately

and

each

foreign

their

foreign

sole proprietorships, partnerships, and corporations in the

branch

United States including the U.S. branches and subsidiaries

branches,

of foreign nonbanking concerns, in the case of "nonbanking

majority-owned foreign subsidiaries, United States banks

and

and nonbanks are required to report the United States

and

positions",

firms'

branches,

agencies,

the

subsidiaries located in the United States of foreign banks
and banking

institutions,

monthly "bank positions"
Data for "foreign
amounts

reported

partnerships

and

the case

"abroad"

and

accounts.

subsidiaries

positions of

include

In general,

foreign

liabilities,

assets,

and

exchange

and net positions of those

positions in the specified foreign

these

Description of Statistics

parents or

The

data

include

the

foreign

Treasury foreign currency

collected

the

forms are published

the Treasury Bulletin in nine

Data

The

sections.

first

presents

section

positions

all

summary

currencies

the

Assets, liabilities, and foreign exchange contract

worldwide

net

remaining to

reported.

Sections II through VIII each present data on

are

reported

the basis

time

maturity as of the date of the report, regardless of the
original maturity of the instrument involved.
means due for receipt or delivery within
days

partnerships

United

subsidiaries of a few foreign-owned U.S. based corporations.

data

denominated

foreign

majority-owned

contracts bought and sold,

foreign parents' subsidiaries located abroad except through

intercompany

reports

majority -owned

branches,

the

dollar

subsidiary.

branches, partnerships, and subsidiaries with reportable

branches"

majority-owned

reflect

not

weekly and

States banking and nonbanking concerns.

data do

the

from the date of the report.

maturing in

"Spot"

business

"Short-term" means

year or less from the date of the report.

Section IX

Specified foreign currency.

presents the

United States dollar positions of the foreign branches
and

subsidiaries

required

foreign

United

report

one

States
or

firms
of

the

which

are

specified

August 1980

127
-FOREIGN CURRENCY POSITIONS.
Section

Summary

Positions

Table FCP-I-1. - Nonbanking Firms, Positions

128

Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section

Table FCP-II-1.

Canadian Dollar Positions
-

Nonbanking Firms'

Po8ition8i_/

129

August 1980
.FXDREIGN

CURRENCY POSITIONS.

Section II - Canadian Dollar Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions

130

Treasury Bulletin
FOREIGN CURRENCY POSITIONS
Section

III

French Franc Positions

Table FCP-III-1. - Nonbanking Firms' Positions

131

August 1980
.FOREIGN CURRENCY POSITIONS.
Section III - French Franc Positions
Table FCP-ni-3. - Consolidated Monthly Bank Positions

132

Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section IV
German Mark Positions
Table FCP-IV-1.

Nonbanking Firms' Positions
..iillio.i

Pos

Marks)

August 1980

133
.FOREIGN CURRENCY POSITIONS.
Section IV - German Mark Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions
(In millions of marks)

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, liabilit

Summary ((7) + (8))

Demand/spot
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,

liabilit

Summary ((7) + (8))

Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months..,
Over 6 months-1 year...,.
Over 1 year
,

Total of all maturities.

Capital assets liabilitic

Summary ((7) + (8))

Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 inonths-6 months...
Over 6 months-1 year
Total of all maturities..

Capital assets,

liabiliti

Summary ((7) + (8))

Demand/spot
3 days-1 month
Over 1 raonth-3 months...
Over 3 months-6 months..
Over 6 months-1 year....
Over 1 year
Total of all maturities.

Capital assets, liabilit:
Summary ((7) + (8))

Demand/spot
3 days-1 month
Over 1 month-3 months...
Over 3 raonth-6 months...
Over 6 months-1 year
Over 1 year
Total of all maturities.

Capital assets, liabilit
Summary

((7) + (8))

134

Treasury Bulletin
FOREIGN CURRENCY POSITIONS
V

Italian

Table FCP-V-1.

Nonbanking Firms' Positions y

Section

Lira Positions

(In iTiilUons of lire)
Po

133

August 1980
-FOREIGN CURRENCY POSITIONSSection VI

Japanese Yen Positions

Table FCP-VI-1. - Nonbanking Firms' Positions

136

Treasury Bulletin

August 1980

137
.FOREIGN CURRENCY POSITIONS.
Section VII

Table FCP-VII-1.

Swiss Franc Positions

Nonbanking Firms' Positions

138

Treasury Bulletin
.FOREIGN CURRENCY POSITIONSSection VII - Swiss Franc Positions

Table FCP-VII-3. - Consolidated Monthly Bank Positions

i»/

August 1980

139
FOREIGN CURRENCY POSITIONS
Section VIII

Table FCP-VIII-1.

Sterling Positions

Nonbanking Firms' Positions

(In millions of pounds)
Po

Treasury Bulletin

140
.FOREIGN CURRENCY POSITIONS.
Section VIII - Sterling Positions

Table FCP-VIII-3. - Consolidated Monthly Bank Positions
{J.x\

mi llions of pounds)

August 1980

141
.FOREIGN CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad

Table FCP-IX-1. - Nonbanking Firms' Foreign Subsidiaries' Positions

142

Treasury Bulletin
.FOREIGN CURRENCY POSITIONS.
Section IX - United States Dollar Positions Abroad
Table FCP-IX-3. - Monthly Bank Foreign Office Positions

August 1980

143
.FOREIGN CURRENCY POSITIONS-

Vtorldwide net positions on the last business day of the

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

their foreign branches and majority-

sind

than

year

one

from

intracompany accounts,

receivables and installment paper which have been sold

term trade receivables

or discounted before maturity,

and stocks,

subsidiaries.

and

parent companies'

U.S.

(plant

investment in their majority-owned foreign subsidiaries,
(plant

assets

fixed

equipment)

and

report

date

Includes
long-

long-term intracompany claims

bonds, and other securities.

and

prepayments,

equipment)

and

Fixed assets
investment

parents'

majority-owned foreign subsidiaries

capitalized

and

the

inventories,

Excludes

partnerships

owned

are excluded.

leases for plant and equipment.
All financial liabilities other than short-term debt and

branches

Foreign

partnerships

ajority-owned

and

short-term trade payables; includes long-term trade pay-

and

ables;

subsidiaries only.

intracompany liabilities, accrued expenses, and

liabilities maturing

worldwide

Weekly

institutions
branches

positions

net

the United States,

majority-owned

and

banking

report date.

their

foreign

excluded.

banks

and

foreign

than one

year

from

the

Capitalized plant and equipment leases are

subsidiaries.

Outstanding amounts of foreign exchange which have been

Excludes capital assets and liabilities.

contracted to be received or delivered in the future.

Excludes spot exchange.

Foreign branches and majority-owned subsidiaries only.

Monthly worldwide net positions including capital assets

banks and banking institutions in the United States and
their foreign branches and majority-owned subsidi

Columns (l),{3),f5), and (7) less columns (2),(H),(6),
and (8).

and liabilities on the last business day of the month of
10/

rates

Representative

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 IX

foreign units per U.S. dollar.

Banks and banking institutions in the United States and
their foreign branches and majority^)wned subsidiaries.

Positions of nonbanking business concerns in the United

States

branches and

foreign

their

and

partnerships and subsidiaries.

majority-owned

In sectionIX

positions

In section X,

foreign branches and majority-owned sub-

sidiaries only.
Excludes capital assets and liabilities.

of foreign branches and majority-owned partnerships and
subsidiaries only.

Includes both spot and forward exchange contracts.

Includes unsettled spot foreign exch^ge purchase con-

well

tracts,

currency,

deposits, negotiable and

other

readily

financial instruments maturing in
the report date,

other

parties

accounts

time

and

demand

(8).

Sum of columns (M) and

(9).

transferable

year or less from

Sum of columns (3) and

Sum of columns (5) and (10).

and intracompany claims and loans to

repayable

receivable,

demand

unaccepted

and

Other

trade

loans

drafts

are

See footnote 10.
See footnote 11.

excluded.

Fixed-rate loans are reported by time remaining to final
Includes
contracts,

unsettled

foreign

spot

intracompany

liabilities,

other than

trade payables, short-term borrowings due in
less

from the report date,

long-term

debt.

Other

sales

maturity or the nearest call date, whichever is earlier,

short-term

and floating-rate loans by time remaining to the nearest

exchange

year or

interest-fixing date.

and the current portion of

loans,

accrued

expenses

and

accounts payable are excluded.

Option forward exchange contracts are reported by time

remaining to the nearest option exercise date.
Sum of columns (3) and ^6).

Due in
1
year or less; includes intracompany trade
receivables.
Receivables and installment paper sold or

discounted before maturity are excluded.

Due

payable;

less;

includes intracompany trade

Revised.

144

Treasury Bulletin
OPERATIONS OF GOVERNMENT AGENCIES AND

FTftfAygrTAT

Government Corporationa and Other

Department

Treasury

Circular

December 20, 1972, and volume

Treasury Fiscal Requirements Manual

Activities

No.

966, Revised, dated

in the Treasury Bulletin.

chapter 4100 of the

are

part

(Transmittal letter No.

221) require Government agencies to submit business-type fi-

^J^TMnc

required

Statements of financial condition

for all activities.

Statements of income and

earnings are required for business- type activities

retained
only.

nancial statements and related information to the Department
The statements of financial condition for business- type

of the Treasury for use in compiling financial reports of the

Government.

U.S.

pursuant

The circular was originally issued in 1956

the authority of Section

Accounting Procedures Act

of the Budget and

1950 (31 U.S.C.

66b) which re-

the Treasury to prepare reports on

Secretary of

quires the

activities appear in Section
semiannually.

The first

Table GA-I-1 and are published

statements of financial condition

published under the revised circular were as of December 31,
1972, applied to business-type activities only, and appeared

in the May 1973 issue of the Bulletin.

the financial operations of the U.S. Government.

Statements of finan-

cial condition submitted annually by nonbusiness-type activ-

Department Circular No. 966, Revised, requires submission
of

semiannual financial statements by all Government corpo-

rations specifically

Control Act, as

subject

the

and insured by the agencies are reported on a quarterly basis.

of the act, and all other activities

Other business- type

activities

The first quarterly table on this Federal credit data, which
was as of March 31,

1973,

required to report semiannually include activities and agen-

III-2

cies whose operations, services, or functions are largely self-

semiannual statements

liquidating

issue of

statements of finan-

cial condition and held by the agencies, and loans guaranteed

operating as revolving funds.

or primarily

whose activities

in the January 1974

Loans shown on the agencies'

Bulletin.

corporations subsequently brought

provisions

the

the Government Corporation

published together with business- type activities

in Section I, Table GA-I-1

amended (31 U.S.C. 846, 856) and any wholly

owned and mixed-ownership

under

ities were

result

of a revenue-producing nature

in the accumulation of substantial

inventories, investments, and other recoverable assets.

Reg-

in the

mitted

under

appeared in Section III, Table GA-

August 1973 issue of the Bulletin.
of income

The first

and retained earnings sub-

the revised circular were for the period July

through

December 31, 1972, and appeared in Section

1972,

Table GA-I-2 in the June 1973 issue of the Bulletin.

All

ular governmental activities, which are of a nonbusiness-type

revolving funds shown in the statements are noted to indicate

nature, are required to report on an annual basis.

whether they are public enterprise

Two

basic kinds of financial statements are called for

by Department Circular No. 966, Revised

;

and they are published

funds,

intragovemmental

trust revolving funds; and trust funds are

funds,

noted.

Direct

also

sales and repurchases of loans are published

on a monthly basis in Section II, Table GA-II-1.

August 1980

143
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained F-amingn
October

1979 through March 31, 1980
(

In thousandf of dollars

146

Treasury Bulletin
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Ciovermnent Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained F-nrnineB

October

1979 through March 31, 1980-Continued
{In thousandE of dollars)

August 1980

147
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Businees-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued
(

thousands of dollars)

Treasury Bulletin

148
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS.

Government Corporations amd Other Btisinees-Type

Activities

Table GA-I-2. - Statements of Income and Retained Elamings

October

1979 through March 31, 1980-Continued
(In thousandE of dollars)

August 1980

149
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained framings

October

1979 through March 31, 1980-Continued

Treasury Bulletin

150
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings
October

1979 through March 31, 198(>-Continued
(In thousands of dollars)

August 1980

151
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section

- Government Corporations find Other Business-Type Activities

Table

GA-I-Z
October

- Statements of Income and Retained
1,

yamingg

1979 through March 31, 1980-Continued
(

thousands of dollars

152

Treasury Bulletin
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Sectdon

Government Corporations and Other Business-Type

Activities

Table GA-I-Z - Statements of Income and Retfiined RnrniTigB
October

1979 through March 31, 1980-Continued
(In thousands of dollars)

August 1980

133
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

Treasury Bulletin

154
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retfiined Fiamings

October

1979 through March 31, 1980-Continued
{In thousands of dollars)

August 1980

135
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Kamingg

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

)

Treasury Bulletin

136
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

- Government Corporations and Other Businees-Type Activitiee

Table GA-I-2. - Statements of Income and Retained F-amiTigB
October

1979 through March 31, 1980-Continued
(

In thousands of dollars

August 1980

137
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Eamings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

Treasury Bulletin

138
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDb
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

August 1980

159
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 198(>-Continued
(In thousands of dollars)

Treasury Bulletin

160
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Faminga

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

August 1980

161
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

)

Treasury Bulletin

162
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Earnings
October

1979 through March 31, 1980-Continued
(

Ln thousands of dollars

August 1980

163
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Businees-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings
October

1979 through March 31, 1980-Continued
(In thousands of dollars)

)

Treasury Bulletin

164
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Elamings
October

1979 through March 31, 1980-Continued
(

In thouEands of dollars

August 1980

163
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Earnings
October

1979 throogh March 31, 1980-Continued

166

Treasury Bulletin
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

August 1980

167
,

FINANCIAL OPERATIONS OF GOVEEINMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Businefis-Type

Activities

Table GA-I-2. - Statements of Income and Retained Elamings

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

Treasury Bulletin

168
,

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued

August 1980

169
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

AND FUNDS,

- Government Corporations and Other Business-Type Activitdee

Table GA-I-2. - Statements of Income and Retained Earnings

October

1979 through March 31, 1980-Continued

170

Treasury
TTTNANriAT.

Section

nPTOATTONS OF mVTONMF.NT AORNriRS ANH

FFTNTIR

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Faminga

October

1979 through March 31, 1980-Continu6d
(In thousands of dollars)

August 1980

171
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained FjtmingH

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

172

Treasury Bulletin
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained Earnings
October

1979 through March 31, 1980-Continued
(In thousands of dollars)

August 1980

173
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Corporations and Other Business-Type

Activities

Table GA-I-2. - Statements of Income and Retained F.amiTie«i

October

1979 through March 31, 1980-Continued
(In thousands of dollars)

Treasury BuUdin

174
I'INANCIAl, OI'KkArU )NS

NtH'l.iiiii

Tiitili'

(iovrrnimtiil
<iA-|-',i!.

(>i-t4tlM<r

—^

OV COVKUNMKNI' ACKNC'IKS AND KDNIXS

(4>r|Minil.iiiiiM

- SliititinitiiUi of
I,

l!>7!)

mid

(>l.li«r

Iiiroinii

Uin>UKh Mim.li

and

.11,

lliiHiiiiiMH-'l'y|M'

IliiljiiiKHl

Activities

I'JiniiiiKH

IIHHIM'^mUnutHl

August 19 HO

175
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Government Gorporatiomi and Other Bu«iiieHB-Type

Table GA-I-2. - StatementH

October

fjf

Activities

Income and Retained Earning

1979 through March 31, 19eO-Continued
(In UioucandB of (lollsre)

176

Treasury Bulletin
.

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

- Government Corporations and Other Business-Type Activities

Table GA-I-2. - Statements of Income and Retained Beamings

October

1979 through March 31, 1980-Continued

August 1980

177
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES
Section

Government Corporations and

AND FUNDS,

Otiier Business-Type Activities

Table GA-I-2. - Statements of Income and Retained ElamingB
October

1979 through March 31, 1980-Continued
{In thousands of dollars)

Treasury Bulletin

178
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS

Footnotes to Table GA-I-2.

sustained but not previously reimbursed as provided by an act approved

Less than $500.

Nov.

evolving funds
evolving funds

(PE)
(IR)
(TR)

the appropr

under the heading

The

"spending" age

atements of the
ansferred from >the
es that adminis

Represents a deposit of funds to receipt accounts.
Represents the Cooley loan program established pur
Agricultural Trade Development and Assistance Act
1954, as amended
(7 U.S.C. 1704 (e)).
Program, and supporting assistance loans.
Includes funds transferred from others.
Includes the fund for administrative and operating expenses.
Includes accrued interest expense of $4,250 thousand on capital stock.
Includes restoration of capital by the Department of the Treasury
to partially reimburse the Corporation for net realized losses

1979 (93 Stat. 829).

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.
Represents insufficiency restorations made by appropriations.
Represents interest on appropriations for loans to be paid into
miscellaneous receipts of the Department of the Treasury.
Includes the Defense Communications Agency.
Represents interest on appropriations and other capital.
Represents interest expense on appropriations allocated to power
and to municipal and industrial water supply construe tion.
Represents interest expense on public debt borrowings from the
Department of the Treasury, and on appropriations and other capital.
Includes premium payments and insurance losses.
Represents interest expense payable to the Department of the Treasury
on outstanding cash disbursements made from the fund.
Represents interest expense on mortgage notes and escrow deposits.
Represents net income of $205,294 thousand from power operations and
a net loss of $-35,546 thousand from non-income producing programs.
urce:
Bureau of Government Financial Operations.
Based on semiannual
reports received from agencies pursuant to Treasury Circular No. 966,
Revised.

August 1980

179
FINANCIAL OPERATIONS OF
Section

Table GA-II-1.

''II

GOVERNMENT AGENCIES AND FUNDS

Federal Credit Programs

Direct Sales and Repurchases of Loans
(In milli

Housing and Urba
Development Dept.

1970
1971
1972
1973
1974
1975
1976

2,115

T.q
1977
1978
1979
1979-June

July
Aug.
Sept
Oct.
Nov.,
Dec.

1980-Jan.
Feb..

Mar.
Apr.
May.

180

Treasury Bulletin
.FINANCIAL OPERATIONS OF
Section

Table GA-III-1.

Civil

GOVERNMENT AGENCIES AND FUNDS
III

Trust Funds

Service Retirement and Disability
(In millions of dollars)

1921-70
1971
1972
1973
1974
1975
1975
T.Q
1977
1978
1979

2,038
,

1980 (Est.).
1981 (Esc).

1979-July...
Aug
Sept...
Oct

Dec
1980- Jan
Feb

Mar
Apr....

May
Fiscal 1980

Fund

August 1980
.FINANCIAL OPERATIONS OF

181

GOVERNMENT AGENCIES AND FUNDS

Section III - Trust Fund*
Table GA-III-2. - Federal Old-Age and Survivore Insurance Trust Fund

182

Treasury Bulletin
.FINANCIAL OPERATIONS OF
Section

Table GA-III-3.

GOVERNMENT AGENCIES AND FUNDS
III

Trust Funds

Federal Disability Insurance Trust Fund
(In millions of dollars)

August 1980

183

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Section

III

Trust Funds

Footnotes

Table GA-III-3.

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.
Includes $84
million for vocational rehabilitation and $2 million for construction
of buildings for FY 1978.
2/ 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

Source:
Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Budget estimates are based on the 1980 Budget of
the U.S. Government, released January 22, 1979.
$16 milIncludes payments for military service credits as follows:
J_/
lion for each FY 1967, FY 1968, $32 million FY 1969, $16 million for
each FY 1970, 1971, $50 million FY 1972, S51 million FY 1973, $52 million and $3 million for interest on reimbursement of administrative and
vocal rehabilitation expenses FY 1974, $52 million military service credits for FY 19.75. Includes payments for military service credits, $90 milFY
lion for FY 1976,$103 million for FY 1977, $128 million for FY 1978.
1979 estimates include $142 million for military service credits.
Includes unappropriated receipts from January 1962 to June 1965.
2/
3/
To cover employees of States and their political subdivisions under
the Social Security Act (42 U.S.C. 418).
4/
Includes payment for Vocational Rehabilitation Service beginning
FY 1966 and construction and equipment of buildings beginning FY 1967.

(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 determined by the Secretary of Health, Education, and Welfare (42 U.S.C.
401 (g) (D).
Beginning July 1966 monthly reimbursements are paid to
the Social Security Administration to cover salaries and expenses
Instead of the semi-annual reimbursement to FOASI.
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-III-2.

Source:
Monthly Treasury Statement of Receipts and Outlays of the Unite
States Government. Budget estimates are based on the 1980 Budget of
the U.S. Government, released January 22, 1979.
1/
Includes transactions under the predecessor Old-Age Reserve Account.
1/
Total includes:
$15 million transferred from general fund for
administrative and other costs of benefits payable to survivors of
$35
certain World War II veterans (60 Stat, 979 and 64 Stat. 512):
million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amounts in the nature of recoveries from
interest
expenditures incidental to the operations; beginning 1958,
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 FY 1973 and $139 million FY 1974 for military service
credits; and $226 million for FY 1969, $364 million for FY 1970, $371
million FY 1971, $351 million for FY 1972, $337 million FY 1973 and
Fiscal Year 1975
$303 million FY 1974 for benefits for the aged.
includes $140 million for military service credits and $307 million
Fiscal Year 1976 includes $157
for special benefits for the aged.
million for military service credits and $268 million for special
Fiscal Year 1977 includes $378 million for
benefits for the aged.
military service credits and $236 million for special benefits for
Fiscal Year 1978 includes $385 million for military
the aged.
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 benefits for the aged.

3/ Includes unappropriated receipts from January 1962 to June 1965.
4/ To cover employees of States and their political subdivisions, under
the Social Security Act Amendments of 1950 (42 U.S.C. 418).
5/ Includes payments tor vocational rehabilitation services to Federal

Disability Insurance Trust Fund and Soclaland Rehabilitation Service.
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.

6/ Payments are made between

228e (k)).
Excludes transactions for investments In non-Federal securities.
8/ Construction and equipment of office buildings for the bureau (Public
Law 170, approved July 31, 1953 (67 Stat. 254)).
9/ Under the Social Security Act, as amended (42 U.S.C. 401 (g) (D),
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.
10/ Salaries and expenses of the Bureau of Old-Age and Survivors Insurancc 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 Social
Security Administration are charged directly to each trust fund.
*

Less than $500,000.

184

Treasury Bulletin
.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Section

Table GA-III-4.

III

Trust Fundi

Federal Hospital Insurance Trust Fund
(In millions of dollars)

Fiscal year
or month

-70.

1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979

1980 (Est.)
1981 (Est.)
1979-july..
Aug...
Sept..
Oct...
Nov.
Bee.
.

19aO-Jan.
Feb .
Mar..
Apr...
.

May.

June..

Fiscal 1980

185

August 1980
FINANCIAL OPERATIONS OF
Section

Table GA-III-5.

GOVERNMENT AGENCIES AND FUNDS
III

Trust Fundi

Federal Supplementary Medical Insurance Trust Fund
(In millions of dollars)

Expenditures oche

6,425

1967-70.
1971
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980 (/.St.
1981 (Est.
1979-july.
Aug.
Sept.
.

1980-Jan
Feb
Mar
Apr
May
Fiscal 1980

186

Treasury Bullettn
.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Section III

Table GA-III-6.

Trait Funds

Railroad Retireme«t) Accounts

(In millions of dollars)

August 1980

187

FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Section

III

Trust Fnnds

Table GA-III-7. - Unemployment Trust Fund

ilroad Unemployment Ins

state
1/

Employment
Administrat
Account 2/

Railroad Unemployment
Unemploy-

Federal
Extended

Depos
by
State

1936-70
1971
1972
1973
1974
1975
1976

1977
1978
1979

74,427
4,171 U/
5,498 U/
6,725 12/
7,486 n/
8,195
16,215
3,378
14,986
15,161
15,890

1980 (Est.)
1981 (Est.)

17,400
19,300

T.Q

1979-July
Aug
Sept
Oct
Nov
Dec
1980-Jan.,
Feb
Mar
Apr

May

Fiscal 1980
to date...

56,396
2,582
3,226
4,634
5,264
5,299
6,404
2,289
9,252
11,032
12,273

1,170
2,885
169

821

425
1,073
1,665
4,550

6,366
964
1,011
1,297
1,454
1,355
1,531
371

1,875
2,600
2,907

7,878
625
3,442
1,045

Depos
by
Railr
Retir

Railroad

Treasury Bulletin

188

GOVERNMENT AGENCIES AND FUNDS

.FINANCIAL OPERATIONS OF
Section

III

Trust Funds

Table GA-ni-7. - Unemployment Trust

Fund— Continued

(In millions of dollars)

stments

Railroad Unemployment

Cont

Net

Railroad Unemployment Insurance Ac

Railr

Temporary
benefit
tratl

1936-70
1971
1972
1973
1974
1975
1976
T.Q
1977
1978

13,137
-1,844
-1,486
1,293
1,328
-5,016
-1,706

11,293
9,807
11,099

5,545
6,473
10,446

1979

11,241
9,813
10,957
12,121
7,183
4,810
4,914
5,987
9,517

15,060

1980 (Est.),
1981 (Est.).

14,585
16,571
15,962

Oct...
Nov...
Dec...

16,048
16,917
16,491

12,671
14,571
15,060
13,832
14,065
12,979

1980-Jan...
Feb...
Mar
Apr...

15,663
15,768
14,546
14,770
17,928
16,696

12,091
12,264
11,116
11,425
14,666
13,408

1979-Jijly..

Aug

May

1,915
1,999
903

3,572
3,503
3,431
3,344
3,262
3,288

3,512

fiscal 1980

rce:

3/
4/

_5/

Konthly Treasury Sta
of Rec
and Outlays of the United
States Government. Budget stimates are based on the 1981 Budget of
the U.S. Government, release d ianuaey 28, 1980.
State unemployment funds US' d for benefit payments. For the period
August 1961 to February 1964, withdrawals hy' States were reduced by
reimbursements to State accounts from the Federal Extended CompenAce nt.
Established by the Employment Security Act of 1960, approved September 13, I960 (42 U.S.C. (a)), into which are deposited tax
receipts transferred in accordance with the
nd fr
paid the administrative expenses of the employme
ity program
and reimbursement for tax refunds,
st of
and unappropriated transfers of tax
.
.,
Net ot repayments.
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.
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 exclude
interim advance of $15 million from the Treasury and subsequent repayment, both in 1940.
Contributions under the Railroad Unemployment Insurance Act of 1938,
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 whem the balance in the Railroad Unemployment Insurance Account is Insufficient to meet payments of

10/

11/

12/

lUI

15/
16 /

17/

18/
*

efits and refun
due
Whenever the balance i
to be
due.
nt to pay
ch be
efunds, repayments are made,
plus interest at 37. per annum, pursuant to an act approved May 19,
1959 (45 U.S.C. 360 (d)).
Consists of specified proportio of contributions deposited in the
fund to be available for adraini trative expenses.
The Railroad Unemployment Insurance Administra ion Fund was established in the Unemployment Trust Fund pursuant o the amending act of September 6,
1958; before that the administr tion fund was a separate trust
fund (45 U.S.C. 361).
Total includes ?107 million tra

Railroad Unemployment Insurance
establishment (45 U.S.C. 363). Beginning fi al 1961
taxes (principal only) are reported as deductions from receipts.
Also includes $5 million FY 1970.
Interest paid on refunds of taxes is included under expenditures.
Established by the act approved March 24, 1961 (42 U.S.C. 1105 (a)),
which provides for a temporary program of extended unemployment
compensation payments.
Includes $10 million FY 1971 and $12 million FY 1972, $6 million FY
1973, and $5 million FY 1974 from Railroad Retirement Unemployment
Insurance Account.
ing Fy 1967 excludes transactions for investments of nonFede
Includes payment of $50 mil on from the Extended unemployment
account to the general fund
Includes $1,029 million tra f erred to the Department of Labor for
grants to States.
Includes unappropriated rec pts beginning September I960.
Includes interest.
Includes an adjustment of $7 m
pursuant to the act of September 6, 1958(45 U.S.C. 361 (a)).
Less than $500,000.
ed.

August 1980

189

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Table GA-III-8.

III

Trust Funds

National Service Life Insurance Fund

Net in
or dec
(-),

Premiuns and
refunds, an
dividends)

1944-70

059

1971
1972
1973
1974
1975
1976

T.Q
1977
1978
1979
1980 (Est.).
1981 (Est.).

l»W-July...
Aug.

Sept...
Oct
Nov
Dec
1980- Jan
Feb

Mar
Apr....
May
Fiscal 1980
to date.

-Assets, end of period

Treasury Bulletin

190
.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Section III - Trust Funds

Table GA-III-9.

Investments of Specified Trust Accounts

and Agency Securities by Issues, as ai

Jun«

30,

Public Debt Securities

1980

(In millions of dollars)

9-3/4..
7

8-1/8..
7-7/8..

8/15/80
1/31/81
2/15/81
5/15/82
8/15/82
11/15/82

Federal Old-

Federal

Trust Fund

Medical
Insurance
Trust Fund

8/15/74
1/31/76
2/15/74
5/15/75
8/15/75
11/17/75

Bonds:
11-3/A7..

2/15/05-10

2/15/80

1-1/2..

U/15/80

10/03/60
8/15/71
5/01/53
8/15/72
4/05/60
6/03/58
11/15/71
2/14/58
4/7/75
8/15/62
1/17/63
8/15/73
2/18/73
4/18/63
8/15/74
2/15/55
10/03/60
5/15/74
2/18/73
8/15/75

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

7-1/2..
7-7/8..
4-1/8..
8-3/4..
3

3-1/2..
8-1/2..
7-7/8..
8-3/8..
8

8-1/4..

7-5/8..

8/15/81
6/15/78-83
8/15/84
5/15/75-85
5/15/85
11/15/86
2/15/90
5/15/90
8/15/87-92
2/15/88-93
8/15/88-93
2/15/93
5/15/89-94
8/15/94
2/15/95
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

8/16/76
5/15/75
2/15/77

Total..

Government
Certlfic
9-3/87.

9-3/4.
Bills:

6/30/81
7/01/80

6/30/80
6/02/80

1,724

10/14/80
2/02/81

1,385

Bonds:
7-1/87,

2,392
2,056
2,933
1,118
1,556
1,273
13,178

7-3/8
7-1/2
7-5/8
8-1/4
8-3/4
9-3/4

Total

24,505

Agency Securities:
Participation Cer
5.207.

5.10
6.40
6.05
6.45
6.20

Total
Total
Less than $500,000.

1/19/82
4/06/87
12/11/87
2/01/88
4/08/88
8/12/88

1/19/67
4/05/67
12/11/67
1/30/68
4/08/68
8/12/68

1,201
3,470

Angus t 1980

191

CUMULATIVE TABLE OF CONTENTS
September 1979 through

August 1980

Issues and page

Oct.

Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency
Undistributed offsetting receipts
Investment transactions of Government accoun
Trust fund transactions
Selected accrual data reported by Federal
Detail of excise tax receipts
Sumnary of internal revenue collections by
States and other areas

Federal obligations

Account of the U.S. Treasury
Status of the Account of the U.S. Treasury..
Elements of changes in Federal Reserve and t
and loan account balances
Gold assets and liabilities of the Treasury.
:

Currency and Coin in Ci
Federal debt
Summary of Federal debt
Computed interest charge and computed
rate on interest-bearing public debt.
Interest-bearing public debt
Government account series
Interest-bearing securities issued by
Government agencies
Part
Matu
marketable
Debt subject to statutory limitation
Status and application of statutory limitatii
Treasury holdings of securities issued by
Government corporations and other agencies.
Description of sedurities of Government corp'
rations and other business-type activates
held by the Treasury
:

Public debt operations
Maturity schedule of interest-bearing public
marketable securities other than regular
weekly and 52-week Treasury bills outstandi
Offering of bills
New money financing through regular weekly
Treasury bills
Offering of public marketable securities oth
than regular weekly Treasury bills
Unmatured marketable securities issued at a
premium or discount other than advance refunding oper
Alio
by
for public marketable securities
Disposition of public marketable securitie
other than regular weekly Treasury bills.
Foreign series securities (nonmarketable)
:

table) iss

foreign co
Foreign cur

nited States savings bonds :
Sales and redemptions by series, cumul
Sales and redemptions by periods, all
combined
Sales and redemptions by periods, Seri
through K
Redemption of matured and unmatured sa
Sales and redemptions by denominations
E and H comb Ined
Sales by States, Series E and H combin

in^
ed St
Sales and redemptions by per
Ownership of Federal securitie
Distribution by classes of li
of Issues
Estimated ownership by priva

Treasury survey of ownership

Nov.

Dec

192

Treasury Bulletin
CUMULATIVE TABLE OF CONTENTS
September 1979 through August 1980-ContiDued

-Yields of Treasury securi

yields of long-term bonds
ge yields of long-term Tre
inunicipal bonds
- Average yields of longrpo:

municipal bonds

nge Stabili

ing Income and Expe

er liabil

nd dividends of

Full text of Treasury Bulletin : August 1980

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