Full text of Treasury Bulletin : August 1981
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( : "l/^asj/^ byiU-fi/\ 10 C. < y-. A. DEPARTMENT OF THE TREASURY FISCAL SERVICE. BUREAU OF GOVERNMENT FINANCIAL OPERATIONS POSTAGE AND FEES PAID DEPARTMENT OF THE TREASURY TREAS OFFICE OF THE COMMISSIONER WASHINGTON, - SB3 D.C. 20226 OFFICIAL BUSINESS PENAUTY FOR PRIVATE USE, $300 FIRST CLASS Take . ,^ stock : m^mcnca^ Buy U. S. Savings Bonds August 1981 r" -T" »HHM !»»!!] •••' ^gfS ,Jii!iiiiiinnnnnn(iniinn''^''(!.";"'«":" '.-ar UNITED STATES TREASURY DEPARTMENT ^7 OFFICE OF THE SECRETARY Treasury Bulletin DEPARTMENT OF THE TREASURY OFFICE OF THE SECRETARY WASHINGTON, D.C. Bulletin is for sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402 Subscription per year $50.00 domestic, $62.50 foreign. Single copy price ($4.25 domestic, $5.35 foreign.) The Treasury August 1981 Page Treasury F inane ing VI Operations SB- FEDERAL FISCAL OPERATIONS FFO-I. FFO-2. Sumniary of Fiscal Operations Budget Receipts by Source 3 Chart Budget Receipts by Source 5 1 FFO-3. Budget Outlays by Agency ft FFO-4. Undistributed Offsetting Receipts 8 FFO-5. Budget Outlays by Function 4 FFO-6. Investment Transactions of Governments Accounts in Federal Securities (Net) II FFO-7. Trust Funds Transactions 12 FEDERAL OBLIGATIOITS FO-1. Gross Obligations Incurred Within and Outside the Federal Government by Object Class 13 FO-2. Gross Obligations Incurred Outside the Federal Government by Department or Agency lA FO-3. Gross Obi i gat ions Incurred Outside the Federal Government Comparative Statement by Months 16 , ACCOOKT OF THE n.S. TREASURY UST-1. Status of the Account of the U.S. UST-2. Elements of Changes in Federal Reserve and Tax and Loan Account Balances 22 UST-3. Gold Assets and Liabilities of the Treasury 23 Treasury ?1 MORETARY STATISTICS Currency and Com in Circulation 26 FEDERAL DEBT FI>-1. Summary of Federal FD-2. Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt 25 FD-3. Interest-Bearing Pub! 26 FD-A. Government Account Series FD-5. Interest -Bearing Securit ies Issued by Government Agencies 28 Participation Certificates 29 FD-6. - FD-7. - FD-8. - FD-9. - - 25 [>ebt ic Debt 27 Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt 30 Debt Subject to Statutory Limitation 30 Status and Application of Statutory Limitation 31 Treasury Holdings of Securities 32 PUBLIC DEBT OPERATIONS - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities 3^* PDO-2. - Offerings of Bills 35 PDO-3. - New Money Financing through Regular Weekly Treasury Bills 37 PDO-4. - Offerings of Public Marketable Securities.... 39 PD(>-5. - Unmatured Marketable Securities Issued PD06. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities 46 PDO-7. - Disposition of Public Marketable Securities 49 PDO-8. - Foreign Series Securities 50 at a Premium or Discount PDO-9. Foreign Currency Series Securities Issued to Residents of Foreign Countries h2 , 52 Treasury Bulletin // Page Page CANADIAN DOLLAR POSITIONS CAPITAL MOVEMKNTS LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S. CH-I-1. - Total Liabilities by Type of Holder 83 CM-I-2. - Total Liabilities by Type, Payable in Dollars - Part A 84 CM-I-2. - FCP-II-1. - Nonbanking Firms' Posit ions 113 FCP-II-2. - Weekly Bank Positions 113 FCP-II-3. - Consolidated Monthly Bank Positions 114 FRENCH FRANC POSITIONS FCP-m-l. Total Liabilities to Nonmonetary Internat ional and Regional Organizations by Type Payable in Dollars - Part B 85 - Nonbanking Firms ' Posit ions 115 FCP-III-2. - Weekly Bank Positions 115 FCP-III-3. - Consolidated Monthly Bank Posit ions 116 GERMAN MARK POSITIONS CM-I-3. - Total Liabilities by Country 86 FCP-IV-1. - CM-I-A. - Total Liabilities by Type and Country 87 FCP-IV-2. - Weekly Bank Positions 117 FCP-IV-3. - Consolidated Monthly Bank Positions 118 CLAIMS ON FOREIGNERS REPORTED BY BANKS IN THE UNITED STATES - Total Claims by Type (Old Series) 88 CM-II-2. - Total Claims by Type (New Series) 88 CM-II-3. - Total Claims by Country 89 CM-II-4. - Total Claims by Type and Country Reported by Banks in the U.S 90 CM-II-5. - Banks' Own Claims by Type 91 CM-II-7. Own Claims by Type and Country Payable in Dollars - Banks' - - CM-III-2. Positions 117 Domestic Customers' Claims by Type Nonbanking Firms' Positions FCP-V-I. - FCP-V-2. - Weekly Bank Positions FCP-VI-1. - Nonbanking Firms' FCP-VI-2. - FCP-VI-3. - Consolidated Monthly Bank Positions 119 119 JAPANESE YEN POSITIONS Positions Weekly Bank Positions 120 120 121 92 SWISS FRANC POSITIONS 93 FCP-VII-1. - Nonbanking Firms' Positions 122 FCP-VII-2. - Weekly Bank Positions 122 FCP-vri-3. - Consolidated Monthly Bank Positions 123 SUPPLEMENTARY LIABILITIES AND CLAIMS DATA REPORTED BY BANKS - U.S. CM-III-1. ' ITALIAN LIRA POSITIONS CM-II-I. CM-II-6. Nonbanking Firms Dollar Liabilities to, and Dollar Claims on, Foreigners in Countries and Area Not Regularly Reported Separately 9A FCP-VIII-1 .- Nonbanking Firms' Positions Dollar Claims on Nonbanking Foreigners 95 FCP-VIII-2 ,- Weekly Bank Positions 124 FCP-VIII-3 .- Consolidated Monthly Bank Positions 125 STERLING POSITIONS LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES UNITED STATES DOLLAR POSITIONS ABROAD CM-IV-l. - Total Liabilities by Type 96 CM-IV-2. - Total Liabilities by Country 97 CM-IV-3. - Total Liabilities by Type of Country 98 CLAIMS ON FOREIGNERS REPORTED BY NONBANKING BUSINESS ENTERPRISES IN THE UNITED STATES CM-V-1. - Total Claims, by Type CM-V-2. - CM-V-3. - Total Claims, by Type and Country 124 » Total Claims, by Country - Nonbanking Firms' Foreign Subsidiaries' Positions 126 FCP-IX-2. - Weekly Bank Foreign Office Positions FCP-IX-3. - Monthly Bank Foreign Office Positions 126 127 99 100 FINANCIAL OPERATIONS OP COVERNHEKT AGENCIES AND FUNDS 101 TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS CM-VI-1. - Foreign Purchases and Sales of Long-Term Domestic Securities 102 CM-VI-2. - Foreign Purchases and Sales of Long-Term Foreign Securities 102 CM-VI-3. - Net CM-VI-4. - CM-VI-5. Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country,... Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Note by Country Foreign Transactions in Long-Term Domestic Bonds - CM-VI-7. - Net Foreign Transactions in Long-Term Net Foreign Transactions in Domestic Stocks by Country Foreign Bonds by Country CM-VI-8. - Net CM-VI-9. - CM-Vl-10. Foreign Transactions in Foreign Stocks by Country - Foreign Purchases and Sales of LongTerm Securities, Latest Date Foreign Purchases and Sales of Long-Term Securities, Latest Year GA-I-2. - Statements of Income and Retained Earnings... 130 FEDERAL CREDIT PROGRAMS 103 GA-II-1. - Direct Sales and Repurchases of Loans GA-III-1. - Civil Service Retirement and Disability Fund. 165 GA-III-2. - Federal Old-Age and Survivors Insurance Trust Fund 166 GA-III-3. - Federal Disability Insurance Trust Fund 168 GA-III-4. - Federal Hospital Insurance Trust Fund 169 GA-IlI-5. - Federal Supplementary Medical Insurance Trust Fund 170 GA-III-6. - Railroad Retirement Accounts GA-IH-7. - GA-III-8. - National GA-III-9. - 105 106 107 108 109 110 FOREIGN CUKRKHCr POSITIOHS SUMMARY POSITIONS Unemployment Trust Fund Service Life Insurance Fund Investments of Specified Trust Accounts in Public Debt Securities and Agency Securities Cumulative Table of Contents FCP-I-1 - Nonbanking Firms' Positions 112 FCP-I-2. - Weekly Bank Positions 112 FCP-I-3. - Monthly flank Positions 112 Note: Details of figures may not add to totals because of rounding. 164 TRUST FUNDS 104 - Net CM-VI-6. GOVERNMENT CORPORATIONS AND OTHER BUSINESS-TYPE ACTIVITIES 171 172 173 174 176 III August 1981 Treasury Financing Operations Auction of 2-Year Notes A coupon rate of l4-7/8t was set On July 15 the Treasury anntmnced that would auction it S4,500 million of 2-year notes to refund S2,871 million of notes maturing July to be dated July T-1983, and 1981, 31, raise SI, 623 million Co The notes offered were Treasury NoCea of Series new cash. payable interest July and 31 until maturity. A coupon rate of determmat ion to which as due July 31, 1981, 31, January on 1983, with each in 31 tenders were accepted on yield a auction basis. Tenders 99.992 accepted to up received unt tenders. ful in 30 p.m. yield totaled CompeC itive tenders accepted from private million of $4,502 The $2,376 mi 11 ion. 51,266 accepted tenders also included $660 mil 1 ion at the average from Federal Reserve banks as agents price 15 unt maturi t 1 1 Tenders until foreign and for price yield of totaled accepted at mi S351 I lion were tenders of average price from Government accounts and the in exchange Federal Reserve banks for their own account for maturing securities. Federal Tender a were received Federal at D. Bearer C. issued registered and denominations in of Reserve Debt ic banks to SIOO.OOO $10,000. be and $1,000,000. August Quarterly Financing The L-1984, S2,250 million of 9-3/4-year l4-l/2t notes of Series and 2006-11 to $2,000 million of 29-3/4-year 13-7/8X bonds of $5,438 million of publicly held Treaaury refund securities maturing August new cash was 99.262. price full in the average at accepted tenders it ive These 99.465. price 14. 98%, from the 52, tenders accepted 50 million of 2 $400 mil 1 ion were tenders of average price from Government Accounts and foreign $150 and mil lion 2006-11 of dated bonds the international and bonds 13-7/8% of maturity, until I were tenders of May will be additional an due 1981, 15, authorities monetary May 15, 2011, Tenders issued in amount of $2,001 the I accepted was ion ful in p.m., from average the yield 98.99, Noncompetitive tenders 16.08%. at I yield 98.58, ranging prices at 1:30 until 54,739 million of which 52,000 14.00% down to 98.46, yield accepted received were totaled and ft bonds the for August RDST. mil original ly lion. price accepted of These totaled 5448 million. 14.06%. $1,552 million. 3 that addition to the 52,000 million of tenders accepted In in accepted at of were tenders Reserve banks for their own account in exchange for Federal maturing securit les cash to completed on or before August be maturing , tenders in all three auctions was for accepted Payment required notes of Series B-1991 to be auctioned on a yield basis for million $305 , average price from Government accounts and the it amending the offering by substituting $2,250 million of process auct ion the and to raise $3,100 million 15, The Treasury later announced on August . yields ranging from 15.027. with interest payable semiannually on November 15 and May 15 auct ion, under competitive and noncompetitive up to $4,250 million of 3-1/4-year notes of Series A-1991, received Competitive tenders accepted from private investors totaled On July 29 the Treasury announced that it would sell to bidding, were B-1991 and totaled S5,466 million to Compet process, the for issue were at Series 5, tenders, securit ies, tenders, the public 1991, accepted at the average price from Federal Reserve banks as and Washington authorized notes were $5,000. , 15, Reserve banks for their own account in exchange for maturing mi branches and at the Bureau of the Pub I of up ion. 1 auction accepted at addition to the S4,502 million of tenders accepted process, mil add It ion to In the in for new cash. auction August private investors totaled 51, 64ft million. agents In 99.719, accepted 5604 international monetary authorities in exchange for maturing the notes the of which 52,250 million was accepted at secur ittea. in were y. for 1:30 p.m., EDST, August accepted of These due Noncompetitive tenders were accepted price IS.ftRX, tenders The notes of Series B- . 1981, 17, which to , of which Si, 502 99.925. totaled investors : Noncompetitive tenders average the at 1 1 price 15.921, lion. price 99.876. 1 1 from ranging yields at 15.95%, accepted were rail notes were the for August on the notes nf Series as yield auct ion basis a be dated will 1991 determination the with interest payable semiannually on February 15 and August 14.93T, July 22 and totaled $10,030 million, EDST, million was accepted on year I5-7/8X was set after the after B-1991 securit ies other or , 1981, 17, funds in imraed Lately available to the Treasury. the 1A-1/2J notes of Series A-1991. Tenders were received A coupon rate of 16X was set un the notes of Series L- after 1984 accepted on the determination as to 1984 will be dated August tenders due November 15, 1981, 17, which were The notes of Series L- yield auction basis. a issues for 99.870. price up to price 15.971, 99.795. Noncompetitive tenders were accepted in full at the average of totaled accepted tenders, 15.96Z, price 99.820. Compet itive tender a accepted million. $1 ,698 These from private investors totaled $2,043 million. In million of the notes were alloted at average price to banks Reserve Federal as the agents international monetary author it les addition, S514 for in exchange foreign and for maturing securities. auction the accepted at On July the to the $4,255 million of tenders accepted process, $1 ,150 million of tenders , and $271 million of tenders were accepted at the average price from Federal Reserve banks as for of opened on $4,004 and $5,000, of the for $10,000, foreign and international monetary authorities tenders were invited for approximately $4,000 359-day July 9. million was 1982. the bills banks issued maturing July They totaled at Tenders were 16. $8,527 million, including accepted, 5157 of which of million from the public and $978 million of average the themselves for The issue was to refund $4,005 bills noncompetitive tenders and as price agents authorities. monetary Federal to for The Reserve foreign average and bank discount rate was 13.735%. were average price from Government Accounts and securities for new cash 2 and to mature July 15, million July On tenders 31 were invited for approximately 54,500 million of 364-day Treasury bills to be dated August 13, agents $1,000,000 million of 364-day Treaaury billa to be dated July 16, 1981, Reserve banks for their own account in exchange for Federal maturing and 52-Week Bills international addition, In in bonds, and notes denominations in and S100,000, notes 10-year registered issued be to Federal Bureau of the Publ ic Series L-1984 were received the notes of of which $4,255 million was accepted at yields ranging from yield Bearer and C. SlO.nOO, 55,000, of P. authorized were the $100,000, and $1,000,000 for the isaue of 3-1/4-year notes. until 1:30 p.m., EDST, August 4, and totaled $12,228 million 15.94Z, Washington, , bonds $1,000. until maturity. Tenders Debt 1984, with interest payable semiannually on May 15 and November 15 all of the auctions at in Reserve banks and branches and at 1981. and to mature August 12, 1982. The issue was to 359-day bills maturing August refund 54,009 million of and raise about S50O million in new cash. to opened on August 7. 13 Tenders were They totaled 57,803 million, of which Treasury Bulletin IV Treasaxy Financing Op«ration8-Continaed S4»501 including accepted, was million million S205 of noncompecicive tenders from Che public and $1,223 million of the issued bills banks and to agents as Federal for Reserve and foreign bank average The authorities. monetary international price average the at themselves for discount rate was 14.5421. Cjsh Management. Bills On July tenders 29, invited were approximately for $3,000 million of 23-day Treasury bills to be issued August 4, 1981, representing to raise totaled new cash. $9,795 accepted. an additional 1981, maturing August February 26, Tenders million, of which The iaue was 1981. opened were of bills dated amount 27, July $3,000 They 31. million was The average bank discount rate was 16.200X. 13-Week and 26-Week Sills Issues of regular weekly Treasury bills in July totaled These issues were to refund bills maturing $40,600 million. in the amount of approximately S42,275 million, resulting in about a paydo%m of there were million. four $1,675 million. issues the 26-week series, In $4,000 million and one In the of $4,000 and one issue 13-week series, issue of S4,300 there were four issues of of $4,300 million. Average rates for the new issues are shown in the following Cable. Date of Issue Annual average rate (bank discount basis) July 13.909 2 9 16 23 30 August 1981 FEDERAL FISCAL OPERATIONS! Table FFO-1. - Summary 1 Budget receipts and ouC ays I Fiscal year or muntli Net rece ipt 1/ 1 of Fiscal Operation! ions of do[ !ars) Meana uf f inane ing-- transact ions Treasury Bulletin FEDERAL FISCAL OPEBATIDNS. Footnotes to Table FFO-1 n.a. Not aval lable. Revised r Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Q/ Note: Budget estimates are based on the mid-session review of the 1982 Budget, released on July 15, 1981, by the Office of Management and Budget. 1/ For detail see Table FFO-2. 2/ For detail see Table FFO-3. T/ For detail see Table FFO-6. Beginning fiscal 1975, balances "Within general account of the U.S. _4/ Treasury" are presented in columns 9 and 13. 5/ Represents hold ings of spec ial drawing rights, less certificates issued to Federal Reserve banks. bj "Reserve position" is now the appropriate term to refer to reserve 10/ assets acquired by the U.S. by providing assets to the T>fF, due to the TVl obsolesence of the "gold tranche" terminology. 12/ The joint Treasury-Office of Management and Budget press statement, 7/ released with the Monthly Treasury Statement, has adjusted these totals to include operating expenses and interest receipts of the Exchange Stabil ization Fund. The totals in the press release are SA93.6 billion for outlays and -S27.7 billion for Che deficit. Includes: public debt accrued interest payable to the publ ic. 8/ allocations of special drawing rights, deposit funds miscellaneous asset liability accounts, and as of July 1974, the gold balance. Includes: Seigniorage increment of gold; fiscal 1969 conversion of certain corpora t ions to private owner sh ip; fiscal 1970 rec lass ification of Commodity Credit Corporation certificates of interest; fiscal 1974 conversion of interest receipts of Government accounts to an accrual basis; and net outlays of off-budget Federal agencies. Also, inc ludes rural electrification and telephone revolving fund since May 12, 1973 Postal Service fund since July 1973, Federal Financing Bank since July 1974, housing for the elderly or handicapped fund from August 22, 1974, through September 30, 1977, and Pension Benefit Guaranty Corporation from September 17, 1974, through September 30, 1980. For detail see Table FD-5. Details do not add to totals due to rounding. Includes the fiscal year 1981 transact ions total ing S15,056 and the prior balance of S29,401 in the contra asset accounts entitled "Dollar deposits with the IMF" and "Miscellaneous asset accounts" in order to reflect the U.S. reserve position as reported by the IMF. ; August 1981 ^FEDERAL FISCAL OPERATIONS. Table FFO-2. - ( In Budget Receipt* by Source millions of dol larsl Social insuranLt? taxes and contributions Fiscal year or month Individual Net budget receipts Net Withheld 1977 1978 1979 1980 208,649 232,225 264,932 280,997 300,006 81,773 357,762 401,997 465,955 520,050 1981 (Est.) 1982 (Est.) 605,640 662,369 1972 1973 1974 1975 1976 T.Q 1980-June July Aug Sept Oct Nov Dec I981-J8n Feb Mar Apr May June Fiscal 1981 to date 59,055 37,348 44,259 53,544 38,923 39,175 48,903 52,214 38,394 44,623 74,464 38,514 70,688 445,900 Ernployment taxes and contributions Corporat ion 83,200 1/ income taxes Old-age, disability, and hospital insurance Treasury Bulletin 4 FEDERAL FISCAL OPERATIONS Table FFO-2. - Budget Receipt! by Source-Continued (In millions of dollarsrl August 1981 FEDERAL FISCAL OPERATIONS = o CD O CD w o O in =o 00 CD o CD o ^ «0 CM Cvj CM i .. . Treasury Bulletin FEDERAL FISCAL OPERATIONS Table FFO-8. - Budget Outlays by Agency (In millionB of dollars) LegisFiscal year lat ive or month branch 1972 1971 1974 1975 1976 The judiciary 487 540 625 173 183 1977 1978 1979 1980 726 779 225 976 1,049 1,091 1,218 205 284 325 85 392 435 480 564 1981 (Est.). 1982 (Est.). 1,410 1,438 657 735 1980-June... July.. 89 108 95 135 50 60 38 42 44 64 55 4A 65 45 45 T.Q . Aug. .. Sept. .. . Oct Nov Dec ... 1981-Jan Feb Mar Apr. May June. . 72 95 114 104 101 104 88 105 98 . . . Execut ive Office of the President Funds appropriated to the 55 4,3ft9 49 3,733 4,015 3,572 3,525 80 95 2,487 3,450 2,631 7,538 1.250 1,368 1,455 1,583 2,020 534 2,607 5,239 4,072 3,756 101 104 6,899 6,098 24,336 24,985 2,898 2,702 7 U r-175 1,176 8 702 ^ 308 617 553 2,632 1,195 1,374 1,340 1,785 1,829 3,415 5,212 2,390 1,802 1,546 1,456 2,117 93 79 16 73 75 r7 rS r8 r7 rll r? 43 80 1,221 2/869 _5/531 9/ 647 162 _9/rl,018 660 10/ 796 10/ "i.«52 Defense Department Energy Military ment 10,943 10,028 9,767 9,725 12,796 3,850 16,738 20,368 20.636 24,555 75 . Fiscal year or month Commerce Depart- President Fiscal 1981 to date. . Agriculture Department 340 36 3 283 264 283 305 241 184 227 217 246 234 231 August 1981 FEDERAL FISCAL OPERATIONS Table FFO-S. - Budget Outlays by Agency-Continued 1 Fiscal year or month Justice Department Labor Department 6/ 1,1811 1972 197J 1974 19T> 1976 1,531 1,797 2,067 2,242 551 T.Q 1980 2,350 2,397 2,522 2,632 1981 (Est.). 1982 (Est.). 2.643 2,537 1980-June. .. July... Aug. Sept. . 202 231 188 203 309 190 199 . 226 202 205 290 1977 197S 1979 . Oc . . . . t Nov Dec. . 1981-Jan Feb Mar Apr. . May June. . Fiscal 1981 to date. . . . 199 205 m 1 I State Department ions of dol lars) Treasury Bulletin 8 FEDERAL FISCAL OPERATIONS Table FFO-4. - Undistributed Offsetting Receipts (In millions of dollars) Federal employer contributions Co reCirement funds Health and Human Services Fiscal year or month Federal old-age, disability, and hospital insurance 1972 1973 1974 1975 1976 742 2,018 2,101 1,756 1,918 2,080 Total Soldiers' and Airmen's Home permanent 592 2,192 2,427 2,511 2,822 1,718 1,848 2,039 2,296 2,346 80 2,275 2,153 1,919 1,885 1,756 2,055 3,082 3,102 1,747 1,755 6,585 6,912 126 126 133 267 229 247 198 284 242 233 290 209 294 233 240 227 61 62 453 417 474 1,104 476 435 430 499 434 498 442 452 1981 (Est.) 1982 (Est.) 1980-June July Aug Sept Oct Nov Dec 1981-Jan Feb Mar Apr May June no 128 129 128 141 141 141 146 146 146 9 10 93 777 64 63 69 68 83 63 63 65 65 Unemployment trust fund Blac)t lung disabil ity Crust fund Veterans Administration life National service Highway insurance life trust fund fund 1972 1973 1974 1975 1976 496 487 650 639 283 206 247 415 586 T.Q 55 232 266 503 13 1977 1978 1979 1980 859 1981 (Est.).. 1982 (Est.). . 1980-June July Aug Sept. Oct Nov Dec 1981-Jan Feb Mar Apr May 1,106 . . 8 433 460 33 529 585 664 687 1 7 12 -19 9 15 26 532 510 6 -6 390 31 * U 34 59 31 292 309 338 368 398 32 456 28 31 32 34 360 -1 32 31 593 1,211 15 insurance fund 662 853 1,027 1,112 1,078 -24 . 587 C^vernment 8 13 IS 30 450 3 1 2 1 319 Office 190 198 512 406 607 467 708 29 43 77 104 104 5 4 770 780 868 1,040 132 229 262 417 1,804 1,632 373 209 1,366 1,984 337 439 18 100 63 2 4 14 7 8 3 6 8 4 10 4 545 58 31 119 2 14 8 543 4 181 18 103 66 13 9 205 -112 4 9 62 9 28 6 4 39 Transportation Department 388 435 479 Federal supplementary medical insurance trust fund 13 75 85 Interest credited to certain Government accounts Fiscal year Federal hospital insurance trust fund 374 249 303 452 1,246 Labor Department Federal disability insurance trust fund fund 2,768 2,927 3,319 3.980 4,242 985 4,548 4,863 5,271 5,736 1977 1978 1979 1980 to date Other 1/ Health and Human Services Federal old-age and survivors insurance trust fund 652 980 1,024 99 1,204 1,170 1,417 1,512 T.0 1981 Interest credited to certain Government accounts Defense Department Civil service retirement and disability fund 816 911 1,082 1,138 294 1,152 1,266 1,J42 1,453 Fiscal Office of Personnel Management — Con tinued 14 4 7 August 1981 FEDERAL FISCAL OPERATIONS, Table FFO-6. - f luly Aug. Budget Outlays by Functions millions of dollarsl Tn Sept. Oct. Nov. Hec. Feh. Jan. Mar. Apr. Cumula- May tive to •iate U Cnmparable period fiscal iQfln National defense Outlays Proprietary receipts from the public Intrabudgetary transactions Total International affairs Outlays Proprietary receipts from the public Intrabudgetary transactions 12,017 -129 -3 12,188 -523 11.5 36 165 -3 11,499 151 13,167 -137 1 -14 10 -131 -2 U.SS5 11,666 11,698 11.636 13,040 rl,S71 -1,239 -26 2,568 -1,119 1,128 -582 -4 -I 1,883 -1,205 -147 r307 1,445 546 S27 503 556 Total Total r 12,840 13,560 13,274 13,810 13,838 117,462 100,879 951 -55 1,487 -482 2.221 -1,412 2.483 -784 1.324 -587 2.662 -1.277 16,565 -7,586 13,317 -5,665 -33 - - - -18 - -12 -73 -69 1,249 396 1.005 809 1.681 737 1,373 ,907 7,584 694 505 -* 536 609 -* * 5,072 -3 4,551 -2 11,812 12,605 12,682 1,440 -447 -8 1.213 -539 2,783 -1,500 532 984 674 39 598 549 1 5 36 609 5,069 4,548 -122 754 -123 923 -78 1,153 -238 1,063 -237 883 -408 1,038 -113 1,230 -124 1,386 -67 9,256 -1,476 5,860 -1,182 645 630 631 924 1,106 1,320 7,780 4,679 1,528 -242 -10 1,544 -212 -17 1,578 -153 -19 756 -111 r676 619 1,295 r-127 1,437 -109 -12 -* 9 24 r 505 730 928 -4 Total 691 -HI r624 1,880 r-36 rl,845 rl,2 34 -286 -* r949 -2 531 r768 -93 660 r-36 Total Total 118,049 101,481 -583 -607 440 556 rl,!62 Commerce and housing credit Outlays Proprietary receipts from the public Intrabudgetary transactions Community and regional development Outlays Proprietary receipts from the public Intrabudgetary transactions 13,851 -14 14 618 503 -6 Agriculture Outlays Proprietary receipts from the public Total 13,912 -96 -1 588 7 S2 Total Transportat ion Outlays Proprietary receipts from the public Intrabudgetary transactions 13,326 -53 12,827 26 -2 -* Energy Outlays Proprietary receipts from the public Intrabudgetary transactions Total -11-61-45 13,600 -48 12,658 -3 12,752 -144 ~*~~~~~~ General science, space, and technology Outlays Proprietary receipts from the public Natural resources and environment Outlays Proprietary receipts from the public Intrabudgetary transactions 11,945 39 758 84 I 366 5 915 . . " — Treasury Bulletin 10 .FEDERAL FISCAL OPERATIONS Table FFO-e. - Budget Outlays by Functions-Continued (In milliuns of dollars) FY 1980 June July FY 1981 Au?. Sept Oc . t Nov. . Dec. Feb. Jan. Mar. June Hav Apr. Funct ion Cumula- Comparable tive Co perioti ~1/ fiscal 1980 <1ate Education, training, employTnent and social services Outlays Proprietary receipts from the public... , Totals ?,563 2.441 2,564 2.595 2,949 2,223 2,462 3,030 2,862 2,670 2.565 2,677 2,133 23,570 23,830 -3 -6 -4 - -1 -1 -* -+ -* -4 -\ ~* -n -11 -21 2,560 2,435 2,560 2,595 2,947 2,223 2,461 3,029 2,ft62 2,666 2,S64 2,131 2 3,55fi 2,6 7 7 "" To t a 1 Income security Outlays Proprietary receipts from Che public... Intrabudgetary transactions Total Veterans benefits and services Outlays Proprietary receipts from the public... Intrabudgetary t ran sac t ions Undistrib uted offsetting receipts Net budget outlays ft,S84 6,194 6,100 7,155 fi,951 6,3 39 6,790 -II 4 -3 -1 -4 -1 -3 57,7 73 -13 48,720 6 -558 -659 -684 -694 -705 -636 -858 -6R8 -682 -1,39? -687 -693 -664 -7,012 -5,765 4,948 5.043 4,897 5,284 5,432 4,891 5,716 5,510 5,414 5,757 6,259 5,645 6,122 50,747 ^ -4 ' 18,392 19,273 19,286 18,650 20,484 172,295 * _ * _* _* _* _* _i _i _2 _i -31 -40 -1.024 -142 -744 -31 -518 -72 -1,6 76 -4,280 -2,903 17,999 17,i87 t«.361 17.216 18,944 19,299 18,795 19.241 18,768 18,57*^ 18,806 168,013 U 19,968 19,441 _ . . 19,540 -49 3,0 79 -47 1,974 -50 2,010 -54 1,083 -54 * - - - * -] -\ .* -* 632 1,715 2.659 747 2.859 719 3,032 1,923 1,955 363 400 353 350 -* _ _ _ 363 400 353 350 """ " 466 -11 r579 413 19 649 11,685 -1 -37 -5-11,219 642 383 349 348 —————————————^ —_— 405 ' 383 382 382 1,718 -47 1,839 -52 17,601 -454 16,475 -427 _i _* -i _;, _2 1,028 2,168 1,671 1,786 17,142 16,045 393 ,5 382 _5 465 343 * 388 .y _[ 3,555 _i^ 3,461 _Iq 388 376 465 343 388 3,540 3,451 3,903 -179 -S3 3,372 -127 -60 3,640 3,184 ——— ' " __ 83 -29 -15 469 529 -73 388 -9 463 -22 753 6 11 306 -17 430 -30 528 -15 -n -u -23 -15 -15 21 -7 -6 39 464 446 356 425 749 310 393 506 428 " ' . . r52 ' 2,221 -52 _* " *-!_*_* 466 138,742 ' 770 -50 ~" 141,645 ' 2,905 -45 ,.,,,,.,..,,, - 1,830 46 150 1,989 210 _ _ _f,Q _ _ _ _ _ 52 _ 44 - 1,320 _27 116 - _ q,839 ,35 13,180 _^^ - _ _ _ _ _ -4^570 _ .3 _* _ * * -4,573 -6,854 r52 1,830 46 150 1,929 210 26 1,293 113 98 1,166 44 5,179 6,281 "" 4,596 98 1,16 5 2 252 " ' 9,986 r-248 -327 5.038 -120 -315 5,304 -162 -78 4,957 -94 -110 5,585 -155 t9,411 4,602 5,063 r-5,909 -594 11,335 -160 -369 5,549 -246 -1,481 6,600 -164 -80 5,810 -153 -318 4,752 5.349 5,338 10,805 -860 -2,000 -2.630 -1,285 r46, 686 52,409 50, 755 47 ,289 56,304 43,049 r Revised. Less Chan $500,000, Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Monthly totals may not add to cumulative due Co budget reclassif icacions. * 17,256 800 -53 r6 42,942 ———— -164 2,706 -47 440 rl34 -12 17,651 -181 1,765 -49 681 Total "^o^^^ 6,1 3^ ~1 5,520 -5 rI5,l52 17,941 General purpose fiscal assistance Outlays Proprietary receipts from the public... Intrabudgetary transactions Proprietary receipts from the public... Intrabudgetary transactions 5,983 -1 —————— Total Interest Outlays 5,5S2 ~7 -*-*_*_ Total General government Outlays Proprietary receipts from the public... Intrabudgetary transactions 5,704 -3 -1,697 Total. — 5,509 rl6, 848 17,945 18,181 Administration of jusCice Outlays Proprietary receipts from the public... Int rabudgetary tr an sacti on s 3,809 ' '' Health Outlays Proprietary receipts from the public... Intrabudgetary transactions 2 " ' ..— .-...— ' 6,653 -153 7,238 -209 -35 6,002 -138 -29 -76 -5 3,822 6,400 5,835 6,423 -7,400 -732 -838 -874 56,202 59,099 53,969 54,216 .- . 12,216 -171 -371 66,990 -1,553 -2,767 54,137 -1,495 -2^630 3 11,674 62,6 70 50,011 -949 -1,029 -8,023 -23,747 -19,029 57,198 54,608 55,619 495,266 428,140 7,02 August 1981 li rr-TMrpAT Table FFO-6. - FISCAL ^""" -'..^^Tn Investment Transactions Accounts in Federal Securities (Net) (In millions of dollars) ) Treasury Bulletin 12 FEDERAL FISCAL OPERATIONS Table FFO-7. - TruBt Funds Tranaactiona October 1, 1980 through June 30, 1981 (In millions of dollars) Receipts intri,ist funds Receipts of trust funds Classif icat ion ( trust funds Trust interfund and proprietary receipts 1/ Interfu Qijt lays in trust funds August 1981 13 FEDERAL OBLIGATIONS "Ob 1 1 are the basis on which the use of funds gat ions" IS control led in the Federal government at the point at which the Government makes a firm commitment They are recorded , to acquire goods or services and are the key del i very, event s--order, characterize general, services payment and acquis it ion the they consist received, of and orders simi lar of the four consumption- -which , use resources. of placed, t first requiring the disbursement of money. The obligational strategic point operat ions on represents for which purchases and order stage of Hovernment transact ions is a gauging itself the firms business impact economy nat ional employment for months personnel regard to its ult imate purpose. wages and the investment of labor. of the Government frequent ly Government commitment , including inventory Disbursements may not after the Government places immediate usually causes ' it since , its order but pressure on the private economy. whether compensation, the Alt payment arc reported personal services s as are items Federal another obi 1 agencies and firms doing so, the in ; gat ions and , "buying" outside incurred d ist ingui Tables Government. the records records ohligaCions FO-I, Table agency agency "performing" the In often do business with one incurred with in the Govern.nent are from those shed FO-3 are that and 3 show only those incurred outside. Obligation data for the accounts were first published m budget administrative fund the September 1967 Treasury Bulletin and the trust fund accounts were first published in the October Bulletin, adopted Obligations are classified according to a uniform set example, for , used in current operations or in the construction of capital reimbursements. business st imulates occur the in the salaries for In contracts awarded, ransactions act ion without l*Jfi7 pursuant Beginning with Bulletin. the data are to on the April the basis of the budget 19bR concepts recommendations of the President's the Commission on Budget Concepts. of categories which are based upon the nature of the trans- Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by Object Class. February 28, 1981 (In millions of dollars) Cross obi i gat Ob ject c it^ns incurred lass Personal services and benefits Personnel compensation Personnel benefit s Bene fits for former personnel 32,A5l 364 6,523 Contractual services and suppl les Travel and transportation of persons Transportation of things Rent communicat ions and utilities. Printing and reproduction Other services Supplies and materials 1,160 1,158 2,288 364 33,703 20,547 Acquisition of capital assets Equipment Lands and structures Investments and loans 14.113 3,973 16,937 2,675 1,438 16 16,788 5,411 16,953 Grants and fixed charges Grants subsidies and contribut ions Insurance c laims and indemnit iee Interest and d ividends Refunds 52,136 94,571 11,806 487 3,831 29 3,503 55.967 94,600 15,309 , , , Othe r Unvouchered Undistributed , IJ.S . obi i gat ions Gross obi igat ions incurred I 32,451 3,296 6.523 1,489 2.338 4,143 330 1,180 1,856 191 555 13,181 46,884 30,180 9,633 487 372 462 1 374 1,^16 2,078 / Source: Reports on Obligations, Standard Form 225, from agencies. 1/ For Federal Budget present at ion a concept of "net obi igat ions incurred" is general ly used. This concept el iminates transact iona within the Government and revenue and reimbursements from the public which by statute may be used by Government agencies without appropriation action by the Congress. Summary figures on this basis follow. (This data is on the basis of Reports on Obligations received from the a gene ies prior to reports submitted for Budget presentation and therfore may differ somewhat from the Budget document.) Gross obi igat ions incurred (as above) Oebuct Advances reimbursements other income Of fer set ting receipts , Net obligation incurred , 335,826 , etc -58,284 -35,583 241,959 Treasury Bulletin 14 FEDERAL OBLIGATIONS Table FO-2. - Gross Obligations Incurred Outside the Federal Goverment by Department or Agency, February 28, 1981 (In millions of dollars) Personnel services h benefits Classif icat Lon Contracttial services and supplies August 1981 13 FEDERAL OBLIGATIONS Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, February 28, 1981-Continued 1 I I ions of dol lars ) 16 Treasury Bullet^ FEDERAL OBLIGATIONS Table FO-3. - Gross Obligations Incurred Outside the Federal Goverment, Comparative Statement by Month object class July National defense: Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies: Travel and transportation of persons Transportation of things Rent, communication, and utilities Printing and reproduction Other services Supplies and materials Acquisition of capital assecs: Equipment Lands and structures Investments and loans Grants and fixed charges: Grants, subsidies, and contributions Insurance, claims and indemities Interest and dividends 3,590 3,659 year Co dace 3,784 80 1,014 3,698 83 1,015 4,085 3,628 92 1,020 1,024 134 209 161 254 68 39 3,085 3,136 273 188 29 143 173 227 3,735 4,172 -72 1.112 4,078 4,674 Total national defense Non-defense Personal services and benefits: Personnel compensation Personnel benefits Benefits for former personnel Contractual services and supplies: Travel and transportation of persons Transportation of things Rent, communicac ions and utilities Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Lands and structures Investment and loans Grants and fixed charges: Grancs, subsidies and conCribuC ions Insurance claims and idemnlties InceresC and dividends 77 1,013 95 183 26 106 lUU 184 30 2,613 2,625 2,487 3,120 1,651 311 * 2,800 4 2 12 11 25 -I 50 2 3 3 2 7 9 11 141 223 * 201 2,751 24 31 2,063 3,1 12 2,722 450 -14 9« 5 12,172 13,878 14,397 2,023 2,122 2,231 228 255 : , Re fund s 83 54 299 28 1,642 511 140 96 72 274 28 1,840 747 288 179 786 2,808 4,452 4,625 15,909 4,577 7,119 16,375 4,917 36 54 185 5,385 16 9 33,451 44,710 45,622 58,590 Ochers: UndisCributed U.S. obligations Unvouchered Total non-defense Grand total 3,924 9it 1,009 72 133 1,106 1,108 77 72 78 1,110 1,111 1,113 157 166 116 38 166 131 li4 198 -148 228 48 3,588 205 288 214 276 -47 3,845 3,565 51 S6 207 32 4,110 6,667 4,312 3,629 2,503 3,889 422 2,629 370 2,249 321 2 5 36 150 26 2,038 2,851 2,669 2,974 2,389 2,145 2,256 999 2,201 199 77 2 * 147 ,569 308 Re fund s Other: Undistributed U.S. obligations Unvochered 4,381 70 969 13,731 12,777 12,528 12,311 17.480 14,132 16,100 726 14 139 167 173 48 3,988 2,075 3,971 1,895 20,203 16,247 3,065 2,706 205 12,219 1,303 294 374 17,655 838 1.239 99 16 94 12,507 August 1981 17 .FEDERAL OBLIGATIONS, funds the use of the basis on which "obligations" are They are recorded IS controlled in the Federal government. at the point at which the Government makes a firm commitment characterize and acquisition the general, they consist of orders services received, similar and of the four consumpt ion~-which payment, delivery, events--crder, key first services and are the to acquire goods or use resoarces. of placed, transactions requiring Che disbursement of money. The obligational strategic point operations on represents for which in stage of Government transactions is a gauging the business stimulates employment purchases and months after the for firms the investment business occur impact of labor. the Government of Government's the it freguentlv Government commitment since economy, , including inventory Disbursements may not places its order but on the Use If usually causes immediate pressure order private economy. a uniform set reported personal services Items Federal another; aeencies and doing so, in In often do business with one FO-l. that oh ligations outside the Government. Tables and FO-2 Obligation the October Rulletin, data for the administrative budget pursuant Beginning with Bulletin. 1*^67 the data to are on the the basis of the , Acquisition of capital assets Equipment Lands and structures Investment s and loans Grants and fixed charges Grants subsidies and contr ibut ions Insurance c aims and indemnit les Interest and d ividends , , I Re fund s Other Unvouchered Undistributed U.S. obligations Gross obligations incurred _!_/ Reports on Obligations, Standard Form 225, from agencies. Source: obligations I. For Federal Budget presentation a concept of "net incurred" is generally used. This concept eliminates transactions from the public reimbursements and revenue within the Government and which by statute may be used by Government agencies without approSummary figures on this basis priation action by the Congress. (This data is on the basis of Reports on Obligations follow. received from the agencies prior to reports submitted for Budget fund 196fi concepts recommendations of the President's Gross obi igat ions incurred 3°, April the budget Commission on Budget Concepts. Object class , show accounts were first puhlisheH in the September 1967 Treasury Rulletin and the trust fund accounts were first published in by Object Class, March 31, 1981 Other services Supplies and materials 3 only those incurred outside. Government Table FO-l. - Gross Obligations Incurred Within and Outside the Federal Cont ra ctual services and suppl les Travel and transportation of persons. Trans port at ion of things communicat ions and ut 1 1 it ies . , Rent Print I ng and reproduct ion are from those incurred within the Government are distinguished incurred records agency "performing" Table records agency "buying" the the and obligations, firms of categories which are based upon the nature of the trans- Personal services and benefits Personnel compensat ion Personnel benefits Benefits for former personnel as are used in current operations or in the construction of capital adopted Obligations are classified according to the payments are example, for whether compensat ion, personnel reimbursements. national the wages, and salaries for Tn contracts awarded, All action without regard to its ultimate purpose. 18 Treasury Bulletin FEDERAL OBLIGATIONS Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Department or Agency, March 31, 1981 (In millions of dollars) Personal services & benefits Classif icac ion Benefits Personnel compensat ion Personnel benefits for former personnel Co qt factual seryices and supplies Travel and transportation or persons Trans portation of things Rent communications Printing and reproduction , unllities and other 19 August 1981 FEDERAL OBLIGATIONS the Federal Goverment Gross Obligations Incurred Outside Agency, March 31, 1981-Continued - Table FO-2. by Department or nd Acquistion of capital assets Classification Legislative Branch U The Judiciary Executive Office of the President Funds appropriated to the President: International security assistance.. International development assistance Other Agriculture Department; Commodity Credit Corporation Other Commerce Department Defense Department: Military: Department of the Army Department of the Navy Department of the Air Force Deferase agencies Total military Investments structures and loans " * ^ 35 ^fe ^i -^ 455 278 466 290 ^^11 6»28R 7,^03 15,807 Civil Education Department Energy Department Health and Human Services Department Housing and Urban Development Dept: Government National Mortgage Associat ion Housing for the elderly or handicapped 2j 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 National Aeronautics and Space Administration Veterans Administration Other independent agencies: Export-Import Bank of H.S General Services Administration Small Business Administration Tennessee Vallev Authority Other Total Off-budget Federal agencies _3_/ Postal Service Rural Electrification Administration revolving funds Total Off-budget Federal agencies and Lands Equipment 'I 961 43 ^ 20 ^l ^ 47 199 Al ISO '^ ^^0^^ '^ Grants subsidies and contribut ions Insiira laims nde and c nitte fixed charges : : : 20 Treasury Bulk FEDERAL OBLIGATIONS Table FO-3. - Grose Obligations Incurred Outside the Federal Goverment, Comparative Statement by Month Compaza period Object class July National defense Personal services and benefits: Personnel compensaC ion Per Sonne 1 henef its Benefits for former personnel Contractual services and suppi les Travel and transportation of persons Transportation of things Rent comraunicat ion, and ut il it les Printing and re product ion Other services Supplies and materials Acquisition of capital assets: Equipment Lands and structures Investments and loans Grants and fixed charges: Grants, subsidies, and contributions Insurance, claims and indemit ies Interest and dividends Refunds Other: Undistributed U.S. obligations Unvochered , Total national defense Non-defense Personal services and benefits; Personnel compensation Personnel benefits Benefits for former personnel Contrac tual services and suppl ies: Travel and transportation of persons Transport at ion of things Rent communicat ions, and utilities Printing and reproduction Other services Supplies and materials Acquisition of capital assets: Equipment Lands and sLructure-i Investment and loans Grants and fixed charges Grants, subsidies and contributions Insurance claims and id em it ies Interest and dividends Refunds Others: Undistributed U.S. obligations Unvouchered 3,6S9 3, 735 <*i 77 1,009 1,013 106 201 144 184 JO 20** 2,487 3,120 3,085 3,136 2,800 2, 751 223 24 * -1 68 39 2 3 11 *) 3 3 5 43 13,878 14,397 2,122 2,231 255 134 : , Total non-defenen Grand total 96 94 50 72 274 28 1,840 747 1 79 786 4,452 7,119 16,375 4,917 210 70 2,097 940 1 50 530 3,283 9,665 15, 7 32 4,957 54 337 5,385 950 9 9 44,710 41,439 58,590 55,^3Pi 3,784 Sept. Fiscal year to date FY 1980 August 1981 21 ACCOUNT OF THE Source and Availability of the Balance U.S. in the is maintained in The operating cash of the Treasury Treasury's accounts with the Federal Reserve banks and branthe balances in h^ the accounts. loan in tax and ches accounts at the Federal Reserve Banks become depleted, they thousands from funds (Withdrawing) are restored by calling in authorized of financial institutioni throughout the country to maintain tax and loan accounts. Account of the U.S. Treasury Deposits to tax and loan accounts occur in the normal course of business under a uniform procedure applicable to financial all financial institutions whereby customers of institutions deposit with them tax payments and funds for In most cases the the purchase of Government securities. transaction involves merely the transfer of funds from a the tax and loafi account in the same customer's account to financial institution. On occasions, to the extent authorized by the Treasvry, financial institutions are permitted proceeds from subscriptions to to deposit in these accounts public debt securities entered for their own account as well as for the accounts of their customers. Under authority of P .L. 95-l'*7,the Tt easjry implemented a portion of its to invest program on November 2 1978, operating cash in obligat ions of depositar ies maintaining tax and Loan accounts. Under the Treasury Tax and Loan investment institutions select the manner program, depositary f inane ial Depositaries in which they will partic ipate in the prog ram. loan that wish to retain fund s deposited in thieir tax and partic ipate under ing obligations accounts in interest-bear funds the Note Option; deposita ries that wish to remit the Rese rve banks par tic to the Treasury's account at Federal ipate under the Remittanc e Option. a Table UST-1. TREASURY The tax and loan system permits the Treasury to collect funds through financial institutions and to leave the funds in Note Option depositaries and in the financial communities in which they arise until such time at the Treasury needs the funds for its operations. In this way the Treasury is able to neutralize the effect of its fluctuation operations on Note Option financial institution reserves and the economy. Status of the Account of the U.S. Treasury - (In millions of dollars) Treasury operating balance Funds in process of collection through _!/ Aval table funds in demand accounts at: End of fiscal year or month Total Federal Reserve banks Treasury tax and loan note accounts 1977 1,274 2,344 4,038 2,919 5,773 11,975 13,299 15,740 7,372 7,634 8,433 6,152 1,475 2,8 54 4,119 3,364 1978 1979 1980 16,647 6.489 4,102 1980- July, Aug. Sept, Oct., 1971 1972 1973 1974 1975 1976 T.Q Nov. Dec. 1981-Jan. 3/ Federal Reserve Other depositaries u/ 419 5,797 17,687 16,888 22,444 24,176 20,990 257 253 1,351 11 3,054 2,742 4,102 6,478 9,752 16,888 10,432 12,49 20,990 i09 6 51 50 1,864 2,435 3,062 10,814 4,791 9,243 12,678 7,226 12,305 500 1,351 437 755 439 3,0 IS 10,87h 13,917 739 10,106 10,717 4,460 7,822 7,685 16,690 399 3,032 2 1 50 2,288 2,923 2,922 3,414 13,466 8,396 5,70 2 16,389 11,318 139 106 88 343 7 Other demand ac counts 5/ Coin currency and coinag metal Miscellaneous i terns Gold balance , 1 252 243 276 369 235 184 147 441 471 586 602 752 170 117 1.15 76 819 818 55 -18 31 195 175 717 33 136 64 275 138 7 50 30 12 59 570 632 791 30 833 803 47 76 30 30 23 791 776 767 57 23 76 84 733 735 84 28 751 781 1,842 293 55 22 801 1,139 23 786 24 60 63 32 1,2 39 601 14 7 13 542 30 32 761 32 731 Balance in account of the U.S. 6/ Treasury 2/ 8,755 10,117 12,576 9,159 7,591 14,836 17,418 19,104 Feb. Mar. Apr. May. June July Other deposi taries Time deposits and other interestbearing demand accounts 108 129 70 54 109 10 7 107 106 Treasury Bulletin 22 .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 dollar?) August 1981 25 ACCOUNT OF THE Table UST-3. - U.S. TREASURY. Gold Assets and Liabilities of the Treasury In millions nf dollars excrpt ountLs) ... . i , Treasury Bulletin 24 .MONETARY STATISTICS. Table MS-1. - Currency and Coin in Circulation (In millions of dollars except per capita fiEures) Currencies no longer issued Currencies Presently being issued End of fiscal year or month Federal Reserve bank notes Na tional bank Gold certificates 1/ cer Federal Reserve notes 2/ ti f cates Treasurv notes of IJni ted Federal 1890 States Reserve Total currencies no tes 3/ 20 20 215 52 211 21 51 20 212 211 50 1 20 20 7,349 96,566 106,681 117,152 114,500 115,087 109 115,660 116,930 117,152 118,246 121,194 124,239 116,247 117,517 117,739 118,832 121,780 124,825 309 309 308 118,144 118,853 120,896 118,730 119,439 121,481 308 308 121,851 123,249 122,436 123,834 30« 124,778 125,362 320 320 54,572 59,664 321 65,185 72,093 79,028 79,597 209 322 322 322 2riH 117 20 7 20 7 206 '.11 310 206 206 206 206 310 310 310 309 206 206 309 206 206 206 .'111 T.n. 1977. 1978. 1979. 1980. 51,922 55,184 60,273 65,793 72,700 79,634 80,201 87,947 97,159 107,270 117,739 51, 104 53 54 1972., 1973., 1974. 1975. 1976. 112 l^SO-june. 43 48 48 July. Aug. Sept. Oct.. Nov. Dec. 19ei-Jan.. . 20 19 20 48 48 48 . 20 19 19 48 46 48 48 Feb.. Mar.. Apr. May.., June . 19 19 19 End of fiscal year or month Total Currency and Coin in circulation 4/ Fractional coin 1971. 1972. 1973. 1974. 482 633 J975. 1976. 816 5,990 8 Currency and ''oin ci rcu la tion per capita (in dollars) 282.01 297.84 322.11 348.44 380.06 413.17 415.37 450.08 491.52 536.74 581.48 1,483 10,695 12,178 58,39 62,201 67,771 73,833 81,196 88,877 89,548 97,823 107,663 118,716 129,917 1980-june. 1,474 10,536 12,010 127,097 558. 76r July. Aug.. Sept. Oct.. Nov.. Dec. 1981-Jan.. Feb.. Mar.. Apr. 1.476 1,477 1,483 1,485 1,491 1,494 1,493 10.614 10.672 10,695 10,758 10,833 10,925 10,891 1,493 1,497 1,497 1,501 10,931 10,962 11,051 11,126 12,090 12,149 12,178 12,243 12,324 12,419 12,384 12,423 12,459 123,337 129,666 129,917 131,075 134,104 137,244 6/ 131,113 131,862 133,940 575.47 530.90 581.42 573.67 587.46 600. ?4 572.65 575.52 583.78 12,548 12,626 134,984 136,460 588.31 1,486 11,232 705 765 941 951 T.O.. 1977., 1978., 1979. 1980. 999 1 . May.. June ,063 1,415 , , 6,383 6,793 7,275 7,681 8,303 8,397 8,377 9,441 10,011 Source: Statement of United States Currency and Coin. Issued prior to January 30, 1934. \_l Issued prior to July 1, 1929. II Issued on and after July 1, 1929. 4/ Excludes Currency and Coin held by the Treasury and Currency and Coin held by or for the account of the Federal Reserve banks and agents. y 6,472 7,016 7,498 8,040 8,496 9,244 9,348 9,876 10,504 11,446 12,718 y bj * r 1 5/ 594. 28r 600.89 Based on the Bureau of the Census estimated population. Highest amount to date. Less than $500,000. Revised. in August 1981 25 .FEDERAL DEBT. Table FD-1. - Summary of Federal Debt . Treasury Bulletin 26 .FEDERAL DEBT, Table FD-3. ( Knd of year or month f i seal l'>72. 425, )bO 456,353 473,238 532,122 619,254 633,560 697,629 1<)7S. X'ilh. r.Q.. 1977. 1978. 1970. 1980. l''^U- July. Aug.. Sept. Ort.. Nov.. . July. millions of dollarsj Nonnliirketablt Bill Treasury note? 1/ 94,648 100,061 105,019 766,971 S19,007 257,202 262,971 266,575 115,606 392,581 407,66! 443,508 485,155 506,69 906,402 680,395 H88,733 906,402 906,948 909,371 925>,912 llSl-Jan .. leb.. Mar.. Apr. Hay.. June. Interest-Bearing Public Debt interestbearing public debt 1973. l<)7i. - !n 929,825 946,455 963,207 962,779 964,792 969,921 '>72,053 161,198 161,505 156,091 160,936 161,378 113,419 117,840 128,419 150,257 191,758 206,319 241,692 267,865 274,242 594,506 199,832 576,145 583,419 594,506 599,406 191,491 199,306 199,832 202,309 605,381 623,186 628,482 642,905 ', 661 , I657, '.06 ' 656,185 660,769 666,405 Treasury bonds 49,135 45,071 33,137 )6,779 39,626 savings h"nd5 45,724 56,355 71,073 168,158 193,382 206,663 216,516 226,673 225,897 254,121 281,816 312,314 55,921 59,418 61,921 65,482 69,733 70,752 75,411 79,798 80,440 310,903 83,772 311,896 72,727 208,721 216,104 302,626 300,251 310,903 311,927 311,119 321,634 82,027 83,861 83,772 85,170 85,541 85,44 1 304,250 305,314 311,896 307,542 303,989 305,726 72,968 72,853 72,727 7 2,669 72,524 72,217 220,423 228,972 235,315 225,849 224,514 218,786 217,532 321,176 324,540 i 36, 505 341,052 338,419 348,788 354,005 86,883 89,393 89,323 91,006 93,252 93,196 94,868 301, 143 71,057 70,443 70,057 69,518 69,229 68,934 68,719 1 28 , 569 39,839 303,550 302,065 304,873 308,608 309,152 305,647 Nonmatke table Ind of fiscil year Foreign series Investment Oepos- ser ies series i Cover ment tary series lor Li Dollai rency noininated 1 denomina ted 1972 1973 1974 1975 1976 ,310 ,275 271 22 19 267 263 U 1980- July Aug. 1 1 Sept Oct. Nov. 11 39 Dec. 1981-Jan. Feb.. Ha r Apr May. June July . , 2,072 1,743 1,599 1,599 599 1,599 1,289 768 89,598 101,738 115,442 124,173 130,557 128,640 140,11 ! 153,271 176,360 18,721 6,437 189,848 24,153 19,342 19,408 18,721 18,168 18,064 17,597 17,367 17,549 6,437 6,437 6,437 6,437 6,437 6,437 6,437 6,437 181,479 182,447 189,848 185,655 182,447 185,092 182,197 185,020 24,011 24,159 24,153 17,725 17,974 18,352 17,077 6,437 6,437 6,437 183,833 186,979 190,839 24,008 6,437 5,69 2 192,962 191,647 23,732 23,332 1 2 16,251 Source: Monthly Statement of the Public Debt of the United States, As of July 1974, includes Federal Financing Bank. \l Consists of certificates of indebtedness. Treasury notes beginning January 1963, Treasury bonds beginning September 1964, and Treasury bills beginning March 1975, sold to foreign governments for U.S. dollars. Consists of the dollar equivalent of Treasury certificates of ^/ indebtedness; Treasury bonds from October 1962-April 1967; and ^/ urrency 3/ 4,150 20 , 9 1980 4/ 23,965 20,510 ,246 ,245 t.n 1,322 1,407 2,002 1,361 2,611 3,419 14,543 24,811 25,149 19,901 19,215 T.Q 1977 1978 1979 16,913 26,781 23,412 21,617 I 1 , 24,393 24,479 24,363 24,276 24,093 23,956 23,741 Treasury notes beginning November 1966 issued and payable in designated foreign currencies. As of the July 31, 1974, Monthly Statement of the Public Debt of the U.S. the column heading was changed to "Government account series" which includes Treasury deposit funds in addition to those accounts previously shown as special issues, formerly included in "Other" column. 27 August 1981 FEDERAL DEBT. Table FD-4. - Government Account Series . ,, 28 Trea sury Bulletin .FEDERAL DEBT. Table FD-5. - Interest-Bearing Securities Issued by I Defense Department End of fiscal year or month Government Agencies In millions of dollars) Housing and Urban Development Department independent aeencies Total atpount Qutstandtn Family h&u^i,ri( and homeowner assistance 10.S<)i. 1 1973. 1974. 1975. 1976. T.q.. 1977. 1978. 1979. 11,109 12,012 10,943 11,433 11,676 10,298 8,881 7,232 1,484 1,382 1,276 1,171 1,136 1,016 897 767 1980. 6,616 641 , Federal Housing Administration 5S8 412 406 487 581 578 579 601 551 2,842 2,842 2,842 2,842 2,842 2,817 690 674 661 648 629 596 585 ,476 610 ,455 600 591 576 566 556 546 476 468 464 459 449 448 Apr. May. June . , . . 399 370 300 261 ,176 2,617 2,817 2,817 2,775 2,775 2,715 Federal Home Loan Bank Board Postal Service 2 5 10 50 250 250 2 50 2 50 2,8-58 516 508 495 490 486 477 .. 2,141 933 717 661 651 641 636 Feb. .. Mar... 3,768 3,166 3,004 661 ,685 ,651 ,616 ,592 ,564 l9Sl-Jan 1,319 2,221 2,894 2,593 3,174 3,591 2,877 July. Aug.. Sept. Oct.. Nov. Dec 631 u,290 4,480 4,370 4,260 4,180 4,14 5 2,842 ,766 . Export-Import Bank of the United States 524 IVSU-june. . Government National Mortage Associatior 547 535 522 Tennessee Valley Author! ty 1,855 2,255 2,696 2,075 2,075 1,975 1,825 1,825 1,725 1,725 2 2 50 50 250 2 50 250 2 50 2 5u 504 250 250 490 250 August 1981 29 FEDERAL DEBT FD-6. - Participation Certificates (In millions of dollars End of fiscal year or month Export-Import B.jnk the United State Education Department 1/ 110 110 Feb.. Mar. Apr. Hay. . . June 50 250 250 Sept Oct. Nov. Dec. 1981-Jan.. standing 1,085 440 250 Aug. Out- ments 50 2 50 2 50 2 50 2 50 2 50 2 50 2 July Retire- 613 576 2 1980 1980- June face amounts) of Retire- Outst.-indi ments 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 - Participation certificates issued by GNMA acting as trustee 50 50 50 2 50 2 50 250 2 2 2 250 250 250 2 50 4,920 4,480 4.370 4, 2bO 162 4,180 4,14 5 3,768 3,166 3,004 162 2,842 SO 35 377 602 Retirements 07 Farmers Home Administration 2/ Out- Out- st.Tndi st.andin^ Health and Human Services Department 3/ Retire ments Ou t - , Treasury Bulletin 30 .FEDERAL DEBT. Table FD-7. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt Held by Private Investors {In millions of dollars"! Maturity clas End of fiscal year or month 1971 Amount ou ts tanding privately held 161,863 165,973 167,869 164,862 210,382 1972 1973 1974 1975 1976 279, r82 T.n 1977 1978 1979, 1980 , 294,595 326.674 356,501 390,530 463,717 1 74,803 79,509 84,041 87,150 115,677 151,723 153,203 161,329 163,819 181,883 220,084 1980-June 431,893 198,365 July Aug. Sept Oct. Nov, 446,255 454,063 463,717 467,845 475,365 492,294 21C,106 216,977 220,084 230.987 239.697 502,248 515,178 532,800 528,992 529,057 531,525 247,958 2 56,007 263,708 254,533 258,101 252,489 Dec. 1981- Jan., Feb., Mar., Apr. May. June - 5 years 222, 346 58 August 1981 31 FEDERAL DEBT Table FD-9. - Status and Application of Statutory Limitation The Second Liberty Bond Act provides amended, as obligations and Che amount principal to shall not and exceed of interest in by aggregate the 19fll, of 7, 1981, the public debt act provides of Chat interests and 30, 1987 (Public amount face participations Federal Che of 302Cc) June the Assoc iacion CharCer Act (12 D.S.C. S400 billion Che and ending on limit shall be fiscal be year added 196R to the Law 90-)^)) beneficial under section Morteaee Nacional Scaces, shall of issued United Public Law 97-2 provides beginning on February September 30, Che The 757b), amount authority of Chat act, obligations guaranteed as outstanding at any time. ChaC U.S.C. face under issued face (31 the that 1717(c)) during outstandine any time amount otherwise taken into and at account in determining whether the requirements of the above provisions are met. temporarily increased by S583 billion. Part A. - Status Under Limitation, July 31, 1981 (In millions o£ dollars) Public debt subject to limit: Pub I ic debt outstanding Less amounts not subject to S973 1 imit 1 imit Treasury Federal Financing Bank Total public debt subject to Other debt subject Co limic: Guaranteed debC of Government agenc ies Specified participation cerCificateH Total other debt subject to I imit Total debc subjecc Co limit Statutory debt 1 imi t Balance of statutory debt limit Treasury Bulletin 32 FEDERAL DEBT. Table FD-10. - Treasury Holdings of Securities Issued by Government Corporations and Other Agencies ("In millions of dollars) Agriculture Department Agency for End of fiscal year or month Interna tional Deve lop- men t Federal Financin) Bank Federal Home Loan Bank Boar. 1/ Commodi ty Credit Corp- Rural Electrification Administration Secre tary: Farmers Home Administration Programs Housing and [irban Development Department ExportImport Bank of V 416 1173 1974 1975 1976 34,217 44,674 1977 1978 1979 1980 Aug. Sept Oct. Nov. Dec . IWl-Jan 128,825 125,638 126,762 128,825 130,976 133,635 132,988 78,870 80,024 82,559 8 3,903 85,440 87,461 139,147 139,959 143,933 146,759 148,544 151,011 154,091 88,500 90,024 94,187 96,489 98,297 100,330 102,844 66,353 85,626 105,931 1930-July . Feb. Mar. Apr. May. June jJly 11,501 10,864 602 13,466 22,413 25,884 35,418 48,078 63,836 82,559 53,091 57,374 T.O 374 327 233 1,247 1,534 1,491 3,608 5,046 2,840 3,556' 6,128 11,261 13,027 13,729 14, 24.^ 13,»2a 13,729 14,015 14,886 12,648 14,909 13,968 14,122 13,578 13,445 13,508 13 759 6,051 6,563 6,963 7,409 7,512 7,409 7,865 7,865 7,865 7,865 s,Obl 3,102 7,865 7,905 7,937 7,979 8,014 8,080 7,921 7,964 7,982 Col lege housing I oans A/ 2/ 1>)72 Office of the Sec re tary the United States 1,606 1,610 2,545 1,4S2 1,717 1,867 1,922 2,222 3,371 4,676 4,631 '•,656 4,676 4,696 4,726 4,826 4,826 4,825 4,826 5,376 5,381 5,396 5,396 1,743 Urban renewal fund Other 5/ August 1981 33 .FEDERAL DEBT. Footnotes to Table FD-10 Source: Bureau of Government F inane ial Operations, These securities were issued to the Treasury in exchange for adNote: vances by the Treasury from public debt receipts under congressional authorizations for specified Government corporations and other agenFurther detail may be found in cies to borrow from the Treasury. the 198,0 Statistical Appendix to Annual Report of the Secretary of the Treasury, pages ^5R-464 and the 1980 Combined Statement of Receipts, Expend i tur*-*; ind Balances of the Uni ted States Government, pages 578-579. Includes predecessor agencies. Beginning fiscal 1957, figures include _1/ 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. 14^2), and the notes together with others issued for the same purpose are inc luded in "Other". Farm housing and other loan programs , Agricul tural Credit Insurance 2^/ Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing Insurance Fund, and Rural Development Insurance Fund. Includes securi ties transferred from the Reconstruc tion Finance i_/ U_/ 5/ 6^/ 2/ Corporation. 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. Consis ts of liabili ties taken over by the Association from the Secretary in accordance with the act approved August 2, 195^*, and notes issued by the Association under authority of that act (12 U.S. C. 1719 (c), 17JU (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 through December 1969. The Administrator, General Services Adminis8/ Consists of notes of: tration, for defense materials procurement; the Secretary of Agriculture; the Secretary of the Interior (Defense Mineral s Ex pi or at ion Administra tion ) ; and the Secre tary of the Treasury through May 196a. International Communication Agency 9/ Consists of notes issued by the: for informational media guaranties (see footnotes) 1; Secretary of Commerce (Mar i time Admin is tration) for the Federal Ship Mortgage Insurance Fund, fiscal years 1963 through 1967 and Federal Ship Financing Fund (NCAA), beginning December 1972; Virgin Island Corporation from September 1959 tlitough September 1968; District of Columbia Commissioners for the Stadium sinking fund beginning December 1971; Secretary of the Interior (Bureau of Mines) for development and operation of helium properties beginning Hay 1964; Bureau of Commercial Fisheries for Federal ship mortgage insurance fund, fishing vessles from January 1966 through May 1967; and revenue bonds for Smithsonian Institution (John F. Kennedy Center Parking Facilities) beginning July 1968; Secretary of Transportation (Washington Metroplitan Area Transit Authority) beginning December 1972; Health, Education, and Welfare, Office of Education (student loan insurance fund) from May 1973 through August 1973; Pension Benefit Cuarnty Corporatii>n from September 1974; Federal Rai Iroad Admin is tration, rail service assis tance, beginning January 1976, and regional rail reorganzatior from April 1976; Bonneville Power Administration, beginning September 30, 1977; Secretary of Energy beginning October 1977; General Services Administration (Pennsylvania Avenue Corporation) beginning November 1977, and advances for the national flood insurance fund;and disaster loan fund (SBA) beginning July 1981. 10 / Outstanding loans cancelled pursuant to Public Law 93-426 dated September 30, 1974. ^^ Treasury Bulletin PUBLIC DEBT OPERATIONS' Table PDO-1. - Hatnrit; Schedule of InUreflt-BeariiLg Marketable Public Debt Securities Other thaa Hecalar Weekly am4 6S-We«k Tiaaanry BilU OnUUndiBC, July 31, 1981 (In roilUons of dollars^ . Anount of .aturitie. Belli by Date of final Aug. Aug. 1982 Issue date 15 7! 15 Sept. 30.... Sept. 30 Oct. 1 Oct. 31 h,ij h„ lescription ""ority U.S. Govt. Total account, and Federal Reserve banks 7-5/8S-F Bond Note 8/15/71 7/9/76 807 2.586 335 371 6-3/4I-K 10-1/8Z-X l-l/2t-E0 12-5/8Z-y Note Note Note Note 9/7/77 10/9/79 10/1/76 10/31/79 2,968 3.695 270 il8 14 4,457 606 toouot of uatur 1/ All other investors of Hnal niaturity De.cription ' I„ue d.te Total U.S. Govt. account, and Federal Rebanks „„, 2.698 Nov. 15.... 13-7/82 Note 7-5/8I-A Note 11/15/77 6/3/81 3.206 43 All other inve.tora August 1981 33 .PUBLIC DEBT OPERATTONS Table PDO-2. - Offerings of Bffls (Amounts in millions of dollars) Description of new issue Number of days to maturitv 1/ Maturity date Issue date Amounts of bids accepted Amount of bids tendered Total Amount On compet i t ive basis 2/ Regular weekly: (13-week and 2^-week) /i9Kl-July Oct. 1 9. r ( lb. f 1, May 7,6''8.0 4,322.9 7,1H1.5 4, '.21.0 8,197.4 4,331.9 4,32 7.5 July Oct. 6 July 16 Oct. 15 23... iJuly Oct. iO... July Oct. 7. 91 1^2 Aug. Nov. 64 S . 1 9,024.5 :,S36.5 4,033.9 4,029.8 % 52 23 01 22 132 ',11)1 .0 4,033.2 4,039.5 91 182 7,5U5. ) »,62 1.5 4,023.1 4.021.9 91 182 9,015.1 8,025.7 4,070.3 4,087.6 12 91 182 8,376.8 6,792.9 4,043.1 4,054.7 6 5 13 14. 91 182 . 1.2 21. Aug. Nov. 20 19 91 182 6,690.0 7,364.9 4,050.4 4,056.3 28. Aug. Nov. 27 27 91 183 8,138.3 7,738.9 4,044.5 4,036.8 Sept. Dec. 3 91 182 6,735.2 6,678.1 4,044.0 4,041.2 Sept. Dec. 10 91 182 7,540.5 10 6 4,031.7 4,024.7 Sept. Dec. 17 17 91 182 7,94 7.5 7,422.3 3,973.9 4,020.4 Sept. Dec. 24 24 6,656.5 7,933.1 4,017.5 4,024.2 91 182 8,460.2 9.808.2 4,034.8 4,UiO.£ 91 182 7,30i.9 7,044.1 4,029.5 4,039.0 91 18. 25. July 3 1 31 Oct. 1982-Jan. , 70 1 . 19bl-0ct. 1982-Jan. 15 14 182 7,795.0 8,635.6 4,037,5 4,058.3 1981-Oct. 1982-Jan. 22 21 91 182 7,028.7 7,456.9 4,025.6 4,040.1 19ai-0ct. 1982-Jan. 29 28 91 182 8,532.4 7,439.4 4,326.2 4,344.1 59 7,4 30.0 359 6,633.9 6,459.0 5,720.9 8,099.9 6,562.0 7,682.4 4,091.1 4,005.4 52-week3 : 1980-Ji,nc July Aug. Sept. Oct. Nov. Dec 24. 22. 19. . 1081-Jan. 2. Feb. Mar. Apr 29. 26. 26. 2). 1981-June July Aug. Sept. Oct. Nov. Dec. Dec. 1982-Jan. Feb. Mar. Apr 3 11 351 10 8 359 359 364 364 5 3 4,O0!(.7 4,007.2 4,004. 3,962.7 4,513.2 8,203.1 8,032.6 4,517.8 4,684.1 5,265.4 4,682.0 4,260.2 4,011.5 102.9 4,009.8 8,534.0 4,010.7 31 363 28 25 25 22 364 6,121.0 8,368.6 364 6 36'. 8, 799. , May May June July June 17 7, July 15 804 . 9 3,541.3 On noncompetitive basis 3/ Amount maturing on issue date of new offering Total unmacured issues outstanding after new ssues i . Treasury Bulletin 56 PUBLIC DEBT OPERATION Table PDO-2. - Offerings of Bills-Continued On total bids accepted Issue date Regular weekly : 96.840 93.894 1981- Apr. May 14. 21. 28. 4. 11. 13. 25. July 2. 9. 16. 23. 30. 1980-Jijne July Aufc,. Sept. Oct. Nov. Dec. 24... 22... 19... 16.. 14... 6... 4... . 2. ., 29.., Feb. 26.. Mar. Apr 26.. 23.. 21.. IS.. May June July Average price per hundred i6j. Equivalent average rate 4/ 37 August 1981 .PUBLIC DEBT OPERATIONSTable PDO-3. - New Money Financing through Regular Weekly Treasury Bills (Dollar amounts in millions) Description of issue , Treasury Bulletin 38 .PUBLIC DEBT OPERATIONS. Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills i' -Continued (Dollar amounts in millions) Description of issue Issue date 1980-Dec, June 18. 26. 12. 19. Apr. 23. iO. May 7. li. 21. 28. June 4. 11. 18. 25. July Maturity dace 2 . 9., 16., 23., 30. Number of days to ma turity Amount of bids tendered Amount of bids accepted Average rate of bids accepted 1/ fPercent) New money increase, or decrease (-) August 1981 39 PUBLIC DEBT OPERATIONS. Table POO-4. - Offerings of Public Marketable Securities Other tlian Regular Weekly Treasury Bills 40 Treasury Bulletin PUBLIC DEBT OPERATIONS Table PDO-4. - Offerings of Public Marketable Securities Other than Regular Weekly Treasury Bills-Continued 41 August 1981 PUBLIC DEBT OPERATIONS Footnotes to Table Bureau of Che Public Debt. Source: All securities except EA & EO notes re sold at auct ion None: through competitive and noncompetitive bi'dding. the rate shown is the 1/ For bill issues, always sold at auction equivalent average rate (bank discount ba; is) of accepted bids, Other securities issued at par except tho se sold at auct ion. For details of bill offerings see Table PDO-2 2/ From date of additional issue in case of a reopening, issued is in add it ion to the amount of 3/ In reopen ings the amoun original offerings for the new issu es see Table POO-7. Yields accepted ranged rom 9.35t (price 100.045) up to 9.45% (price 99.866) with the average at 9.41X (price 99.938). Yields accepted ranged rom 9.03% (price 99.923) up to 9.07% (price 99.820) with the average at 9.06% (price 99.845). Price;; accepted ranged rom 100.07 (yield 8.99%) down to 99.96 (yield 9.0U) with the verage at 100.00 (yield q.00%). Prices accepted ranged rom 102.36 (yield 8.89%) down to 101 .Q9 (yield 8.935;) with the verage at 102. 1 (yield 8.02%). rom 9.60% (price 100.045) up to 9.66% (price Yie Ids accepted ranged 99.938) with the average q.65% (price 01.955). Yields accepted ranged rom 9.23% (price 99.997) up to 0.27% (price 99.848) with the averagi at <).25% (price 99.022) Yields accepted ranged rom 10.20% (price 99.869) up to in. 23% (price 99.834) with the average at I0.21t (price 99.851). Yields accepted ranged rom 9.75% (price 100.000) up to 0.81% (price 99.806) with the average at 9.79% (price 90.871). Yields accepted ranged rom 10 10% (price 100.155) up to 10.25% (price 99.013) with the average at 10. 1 7% (price 00.620) Yields accepted ranged rom 1 2 55% (price 100.120) up to 12.60% (price 99.888) with the average at 2.66^^ (price 00.940) Yields accepted ranged rom 1 .62% (price 100.014) up to 11.64% (price 99.958) with the average at 11 .64% (price 99.958). Yields accepted ranged rom 10.70% (price 100.303) up to 10.79% (price 99.759) with the average at 10.75% (price 100.000). Yields accepted ranged rom 10.39% (price 99.863) up to 10.48% (price 99.045) with the average at 10.44% (price 99.407) Yields accepted ranged rom 12.18% (price 99.905) up to 12.26% (price 99.767) with the average at 12.24% (price 99.801). Yields accepted ranged rom 10.28% (price 100.389) up to 10.40% (price 99.532) with the average at 10.40% (price 99.898). Yields accepted ranged rom 1 1 .42% (price 09.022) up to 1.44% (price 99.887) with the average at 11.43% (price 09.904) Yields accepted ranged rom 10. 39% (price 100.353) up to 10.60% (price 99.681) with the average at 10.52% (price 09.936). Yields accepted ranged rom 10.58% (price 99.352) up to 10.61% (price 99.130) with the average at 10,60% (price 99.204). Yields accepted ranged rom 11.50% (price 100.000) up to 1 1.53% (price 99.948) with the average at 11.52% (price 00.065). Yields accepted ranged rom 1 .87% (price inO.014) up to 12.00% (price 99.651) with the average at 11.98% (price 99.707). Yields accepted ranged rom 11.98% (price 99.932) up to 12.05% (price 99.599) with the average at 12.02% (price 99.742). Yields accepted ranged rom 11.78% (price 00.754) up to 11.87% (price 99.021) with the average at 11.84% (price 00.264). Yields accepted ranged rom 13.91% (price 99.941) up to 14.00% (price 99.788) with the average at 13.Q8% (price 99.822) Yields accepted ranged rom 14 .20% ( price 100.443) up to 14.50% (price 99.365) with the average at 14. 39? (price 99.758). Yields accepted ranged rom 14 .94% price 100.101) up to 15.07% (price 99.883) with the average at 15.01% (price 09.083). Yields accepted ranged rom 14.20% (price 100.149) up to 14.33% (price 99.763) with the average at 14.29% (price 99.881). Yields accepted ranged rom 12.60% (price 100.092) up to 12.72% (price 99.293) with the average at 12.69% (price 99.402). Yields accepted ranged rom 1 .4 t% (price 99.930) up to 1.46% (price 99.852) with the average at 11.44% (price 99.887). Yields accepted ranged rom <5.28% (price 99.816) up to 9.35% (price 99.623) with the average t 9.32% (price 00.706). Price accepted ranged f om 106.10 (yield 9.75%) down to 104.84 (yield 9.95%) with the iverage at 105. 27T (yield 9.88%). Yields accepted ranged rom 10.08% (price 90.248) up to 10.18* (price 98.322) with the average at 10.12 (price 08.876) Yields accepted ranged rom 9.29% (price 100.151) up to 9.40% (price 99.956) with the averagi at 9.37% (price 100.009). Yields accepted ranged rom 9.56% (price 100.177) up Co 9.69% (price 99.654) with the average at 9.66% (price 09.775). Yields accepted ranged rom 8.55% (price 100.135) up to 8.65% (price 99.955) with the average at 8.63% (price 99.991). Yields accepted ranged rom 8.94% (price 99.785) up to 9.01% (price 99.555) with the averagi at 8.99% (price 99.621) Yields accepted ranged rom 10.40% (price 99.813) up to 10.44% (price 99.515) with the average at 10.42% (price 99.664) Yields accepted ranged rom 8.92% (price 99.919) up to 9.00% (price 99.776) with the average at 8.97% (price 99.830). Yields accepted ranged rom 9.85% (price 99.955) up Co 9.90% (price 99.818) with the average 9.88% (price 99.873). Yields accepted ranged rom 10 .73% ( price 100.121) up to 10.85% (price 99.399) with the average at 10.81% (price 99.639). Prices accepted ranged rom 97.40 (yield 10.66%) down to 96.18 4/ For securities exchangei 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/ 14/ . . 1 15/ 16/ 17/ 18 / 19/ 20/ 21/ 22/ 23/ 24 / 25/ 26/ 27 / I 1 1 . 28 / 29 / 30/ 31/ 32/ 33/ 34/ ( 1 . 35/ 36 / 37/ 38/ 39/ 40/ 41/ 42 / 43 / 44/ I PDO-4 (yield 10.80%) with the average at 06.91 (yield 10.71%). 45 / Yields accepted ranged from 11.18% (price 99.904) up to 11.26% (price 99.765) with the average at 11.24% (price 99.799). 46/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78% (price 99.759) with the average at U.76% (price 99.835). 47 / Yields accepted ranged from 11.85% (price 100.043) up to 11.96% (price 99.853) with the average at 11.93% (price 99.905). 48 / Yields accepted ranged from 12.05% (price 100.233) up to 12.15% (price 99.923) with the average at 12.13% (price 99.985). 49 / Yields accepted ranged from 11.48% (price 100.088) up to 11.75% (price 98.197) with the average at l'.61% (price 99.171). 50 / As a result of correcting an overstatement by a Federal Reserve Bank of the amount of noncorapetit ive tenders received, the total amount of accepted tenders was changed from $4,500 million to S4,3I5 mil ion. Neither the average yield nor the amount or range of competitive tenders was affected. 51 / Yields accepted ranged from 12.19% (price 99.888) up to 12.26% (price 99.767) with the average at 12.24% (price 99.801). 52 / Yields accepted ranged from 13.09% (price 100.438) up Co 13.40% (price 99.502) with the average at 13.31% (price 99.837). j 3 / Yields accepted ranged from 12.95% (price 100.276) up Co 13.12% (price 99.342) wich the average ac 13.07% (price 99.616). 54 / Yields accepted ranged from 12.69% (price 100.461) up to 12.87% (price 99.090) with the average at 12.81% (price 99.543). 55 / Yields accepted ranged from 13.91% (price 99.941) up to 14.02% (price 90.755) with the average at 13.99% (price 99.805). 56 / Yields accepted ranged from 13.40% (price 100.211) up to 13.54% (price 99.698) with the average at 13.52% (price 99.771). 57 / Yields accepted ranged from 15.13% (price 99.992) up to 15.18% (price 99.908) with the average at 15.15% (price 99.958). 58 / Yields accepted ranged from 13.93% (price 100.209) up to 14.06% (price 99.821) with the average at 14.03% (price 99.910). 59 / Yields accepted ranged from 12.38% (price 99.957) up Co 12.50% (price 99.407) with the average at 12.49% (price 99.453). 60 / Yields accepted ranged from 11.77% (price 99.787) up to 11.84% (price 99.255) with the average at 11.82% (price 99.407). 61 / Yields accepted ranged from 13.65% (price 99.958) up to 13.71% (price 99.856) with the average at 13.69% (price 99.890). 62 / As a result of correct ing an understatement by a Federal Reserve Bank of the amount of competitive tenders received, the total amounts of tenders received and accepted were increased by SI 00 million. The average yield was not affected. 63 / Yields accepted ranged from 13.32% (price 99.809) up to 13.40% (price 99.592) with the average at 13.37% (price 99.673). 64/ Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25 (yield 12.94%) with the average at 100.50 (yield 12.89%). 65 / Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26 (yield 12.70%) with Che average aC 100.43 (yield 12.68%). 66 / Yields ranged from 13.94% (price 99.890) up Co 14.00% (price 99.789) with the average at 13.97% (price 99.839). 67 / Yields ranged from 13.74% (price 90.865) up to 13.74% (price 99.610) with the average at 13.79% (price 99.683). 68 / Yields accepted ranged from 12.61% (price 100.026) up Co 12.68% (price 99.905) wich Che average at 12.65% (price 99.957). 69/ Yields accepted ranged from 13.46% (price 09,744) up Co 13.51% "^ (price 99.953) wiCh che average at 13.49% (price 99.653). 70 / Yields accepted ranged from 13.13% (price 99.870) up Co 13.26% (price 98.963) wiCh Che average at 13.21% (price 99.310), 71 / Yields accepted ranged from 13.24% (price 100.025) up to 13.39% (price 99.355) with the average at 13.34% (price 99.577). 72 / Yields accepted ranged from 14.35% (price 100.253) up to 14.63% (price 99.781) with the average at 14.51% (price 99,983). 73 / Yields accepted ranged from 15,79% (price 99.907) up to 15.82% (price 99.838) with the average at 15.81% (price 99.861). 74 / Yields accepted ranged from 14.44% (price 100.312) up to 14.60% (price 99.482) with the average at 14.56% (price 99.689). 75 / Yields accepted ranged from 13.85% (price 100.177) up to 14.01% (price 90.053) with the average at 13.09% (price 99.102). 76 / Yields accepted ranged from 15.70% (price 00.876) up to 15.74% (price 90.809) with the average at 15.72% (price 90.842). 77/ Yields accepted ranged from 13.84% (price 100.131) up Co 14.02% (price 00.460) wich Che average at 13.95% (price 99.720). 78/ Yields accepted ranged from 14.69% (price 99.891) up Co 14.74% (price 99.807) wiCh Che average at 14.72% (price 99.840). 79 / Yields accepted ranged from 13.98% (price 100.060) up to 14.06% (price 99.821) with the average at 14.04% (price 99.881). 80 / Yields accepted ranged from 13.36% (price 100.004) up to 13.49% (price 99.108) with the average at 13.45% (price 99.382). 81 / Yields accepted ranged from 13.05% (price 100.199) up to 14.14% (price 99.369) with the average at 14.07% (price 90.674). 82 / Yields accepted ranged from 15.88% (price 99.092) up to 15.05% (price 99.876) with the average at 15.92% (price 99.925). 83/ Yields accepted ranged from 15.94% (price 99.870) up to 15.97% (price 99.795) with the average at 15,96% (price 99.820). 84 / Yields accepted ranged from 14.93% (price 99.719) up to 15,02% (price 99.262) with the average at 14.98% (price 99.465). 85/ Prices accepted ranged from 98.99 (yield 14.00%) down to 98.46 (yield 14.08%) with Che average at 98.58 (yield 14.06%). * Less than $500,000. Prel iminarv. p I _ Treasury Bulletin ^2 .PUBUC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securitiee Issued at a Premium or Discount Other than Advance Refunding Operations Description of securities Date of f inane ing 1981 8-3/87. Note 9-5/87. 10-1/87. 12-5/87. Note Note Note 8/31/31-W 9/30/81-X 10/31/8I-Y 8/31/79 10/9/79 10/31/79 11/15/74 7-3/47. Note 3/19/75 10/12/76 12-1/87. 7-1/47. August 1981 43 — PUBLIC Table PDO-5. - DEBT OPERATIONS. Unmatured Marketable Securities Issued at a Premium Other than Advance Refunding Operations-Continued Date of Description of securiti f i n.in. ioji Amount issued I In nil i.in«* 881 2,024 $ 7-1/4% Note 2/lS/8i.-ft 14-1/4^ g-1/4% Note Note i/31/34-D 5/15/84-C <)/05/7<) 13-1/47, Note 5/15/84-G 11/17/30 ' I l/n/80 4,315p 15-3/47. Note 5/15/84-K 5/15/81 l,^^6p S-7/S"/. Note 6.'10/8(.-E 6/30/30 1,726p 15 252 221 1 1 6-3/87. Bond 7-1/47. Note - 13 164 515 265 8/15/72 8/15/84-B 11-1/47. Note - R/1-I/H4-1 \>-{/n Note - '>/10/S4-F M/30/H0 1,36")? 147, Note - 12/31/'<4-H 12/31/80 •I,610p Note - 2/15/R'i-A 9J5 87. ,200 ;,003 I 3/31/^'j-C )/U/31 3,736p i-1/47. Bond 5/15/85 6/3/59 1,135 tO-i/37, Note 5/15/85-1 1/3/80 2,719 147. Note Note 5/ 15/8 5-11 6/30/85-H 6/30/81 3-1/47. Note 9-5/37. Note Note 14-3/87 >,•>!•' 3,3,93p 1,400 U-3/47i 8/15/85-D - - 8/15/85ll/';/85-f 6/5/80 9/3/80 3,293p 3,087p 3,188p 11.36 13-1/27. Note 2/15/36-C 12/3/80 13-3/47. Note 5/15/36-D 1/4/81 r 6-1/87. Bond - 11/15/86 13-7/87. 1987 Note - 11/15/86-E 97. Note - 2/15/87-B 127. Note - 5/15/87-C 2/15/30 8/15/87-92 1/ 8/15/62 6/03/81 r 3/15/79 4-1/47. 7-5/87. Note Footnotes at end of table. \_- 2/15/79 or Discount 44 Treasury Bulletin .PUBUC DEBT OPERATIONS. Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount Other than Advance Refunding Operations—Continued lies 43 August 1981 -PUBUC DEBT OPEatATIONS , Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount Other than Advance Refunding Operations—Continued Descr Treasury Bulletin 46 PUBLIC DEBT OPERATIONS. Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part A. - Other than Bills ^ Issues V In millions of dollars) August 1981 47 .PUBLIC DEBT OPERATIONS, Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part A. - Other than Bills (In millions of dollars) Issues I' —Continued 48 Treasury Bulletin .PUBLIC DEBT OPERATIONS. Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities Part B. - Bills Other than Regular Weekly Series (In millions of dollars) \ ^T August 1981 PUBLIC DEBT OPERATIONS. Table PDO-7. - Disposition of Public Marketable Securities Other than Regular Weekly Treasury Bills 50 Treasury Bulletin .PUBLIC DEBT OPERATIONS. Table PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries I'.iOS 51 August 1981 .PUBUC DEBT OPERATIONS. Table PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries-Continued Treasury Bulletin 52 PUBLIC DEBT OPERATIONS Table PDO-8. - Foreign Series Securities (Nonmarketable) Issued to Official Institutions of Foreign Countries-Continued Payable in I".?, dollars; dollar anounts in :^illion?'i August 1981 53 -UNITED STATES SAVINGS BONDS. Series EE and sold from March 1, sale since May 1, June 1*^80 from Hay June L, HH Bonds on sale since January I, only savings bonds currently sold. are the 1935 through April 30, 19A1 1, 1952 1941 Series through April 30, 1952. through December 31, 1979. Table SB-1. - F 1957, October (through 1968 and C were sold Series Series H I 1952 through April 30, 1957. Details of the principal changes in issues, interest yields, maturities and other terms appear in Treasury Bulletins of April 1951, May Series E on 1941. through December 31, 1979 to Payroll Savers only). sold fromMayl, 1980 Series A-D were and December 1959, May and October 1961, and September 1970; Tune and the Annual Report of the Sec- retary of the Treasury for fiscal years 1966 through 1980. sold from and K were Sales and Redemptions by Series, Cumulative through July 'In miLLions of dollars) 31, 1981 54 Treasury Bulletin .UNITED STATES SAVINGS BONDS. Table SB-3. - Sales and Redemptions by Periods, Series E through K August 1981 55 -UNITED STATES SAVINGS BONDS. Table SB-3. - Sales and Redemptions by Periods, Series E through K— Continued 3/ (In millions of dollars) Redemptions Xi Sales Fiscal years: U Accrued discount Sales plus accrued discount Sales price V Accrued discount Exchange of E bonds for H bonds i*( Amount outs tanding interestbearing debt) ( . 56 Treasury Bulletin .UNITED STATES SAVINGS BONDS. Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds ( In ±/ rriUHonf of dollars) Unc 1 assif led Series E and H 1951-64. ,140 ,346 ,724 ,922 ,9S2 ;<)65 1966 1967 1968 1969 1970 1971 1972 1973 1974 ... 1975 1976 T.O 1977 797 3,578 3,157 5,654 10,430 ,748 .425 .338 5S6 , ,(381 ,51' ,54 3 . I97Q 1980 Calendar years 1951-70 ftSn ,064 ,747 ,975 ,70 3 22,025 1,938 1,973 2,059 2,289 2,417 2,762 2,481 2,036 2,121 2,724 2,545 2,816 794 -577 3,153 5,651 10,428 ,3 39 197fl 39,488 2,184 2,253 2,471 2,548 2,560 2,792 2,490 2,043 2,126 2,729 2,544 2,820 : 129,586 57,346 36,958 1971 5,244 1972 1973 1974 1975 1976 1977 1978 5, 2,022 2,053 2,508 2,627 2,481 3,275 2,556 2,014 2,047 2,505 2,622 2,481 3,275 2,556 3.125 Jb5 ,831 ,211 ,'"1 .1 , 10 200 1979 1980 6.448 10,116 19S0-july. Aug.. Sept, Oct.. Nov.. Dec. 19»l-Jan. Feb.. Mar.. Apr. May.. . June July. . 747 Series E and H 8/ August 1981 57 -UNITED STATES SAVINGS NOTES 1967 The principal terms and conditions for purchase and re- The notes were eligible for purchase demption and informa tion on investm -nt yields of savings notes the simultaneous purchase of Series E appear in the Treasury Bulletins of March 1967 and June 1968; United States savings notes were on through June 30, 1970. by individuals with . sale May 1, and in the Annual Report of the Secretary of the Treasury for savings bonds. fiscal year 197A. Table SN-1. - Sales and Redemptions by Periods (In millions of d..ll,-ir Sdles plus act rued discount Fiscal years ; 1967-69 1970 1971 1972 1973 1974 1975 1976 T.Q 1977 528 323 12 25 33 28 29 35 31 24 6 23 22 i^i^a 1979 19»U Redemptions Amount outstanding 540 347 44 28 29 35 33 22 35 34 111 167 85 69 77 75 105 6 157 77 10 45 11 36 31 48 21 76 Cale'..ddr 2/ 58 62 58 32 8 24 19 28 41 14 17 13 3 12 12 505 742 619 561 519 477 435 413 407 394 385 359 304 years 1967-70 1971 1972 1973 1974 1975 1976 1977 1978 29 39 25 1979 I 180 27 28 29 124 53 116 62 60 66 40 42 29 35 13 12 13 22 33 71 74 82 39 25 24 23 22 21 21 52 23 20 30 19 19 71 18 33 584 540 14 Mot.'Ji; 1980-July- • Aug... Sept. .. Oct Nov Dec 3 1 1 3 4 2 2 3 1 1 . . . 1 2 1 302 4 2 300 300 295 287 10 . 283 2S2 5 . 3 . 300 2 P-*!- Ian.... Feb Mar.. Apr. Hay June 383 352 337 506 1 2 496 453 424 406 393 2''9 5 . July. Source: 2/ Includes U.S. savings not'es exchanged for Series H bonds beginning January 1972. 1/ * Less than 5500,000. Monthly Statement of the Public Debt of the United States; Office of Market Analysis, United States Savings Bonds Division. Figures shown thereafter Sales were discontinued after June 30, 1970. represent adjustments. ' Treasury Bulletin 38 .OWNERSHIP OF FEDERAL SECURITIESTable OFS-1. - Distribution of Federal Securities by Classes of Investors and Type of Issaee (In millions of dollars) End of fiscal year or month 59 August 1981 OWNERSHIP OF FEDERAL SECURITIES Table OFS-2. - > Estimated Ownership of Public Debt Securities by Private Investors (Par values 1/ in billions of dollars) j Treasury Bulletin 60 TREASURY SURVEY OF OWNERSHIP. 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 1960 Bulletin, and for State and local governments in the February 1962 Bulletin. The banks and insurance companies included in the Survey currently account for about 80 percent of all such securities held by these institutions. The similar proportion for corporations Holdings by commercial banks distributed according t and for savings and loan associations is 50 percent, and for Federal Reserve member bank classes and nonmember banks are State and local governments, ^0 percent. published for June 30 and December 31. Data were first pub- Holdings by corporate lished for banks and insurance companies in the May 19U1 Treas- pension trust funds are published quarterly, first appearing in ury Bulletin, for corporations and savings and loan associa- the March 1954 Bulletin. Table TSO-1. -Summary of Federal Securities June 30, 1981 61 August 1981 TREASURY SURVEY OF OWNERSHIP,. June 30, 1981 Table TSO-2. - Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution (par values In raillions of dollars) Held by investors covered in Treasuiy Survey Total amount outstand- ClasEiCication ing 1/ Rv tvipe gecunty U.S. Government accounts and Federal Feserve banks 5,335 U57 commercial banks 2/ mutual savings banks 2/ : Issued by U.S. Govermver-t; Treasury bills Treasury notes Treasury bonds 229,987 337,578 93,196 44,006 58,713 26,525 10,880 63,083 3,800 660,769 129,244 77,764 Within 1 year 1 to 5 years 5 to 10 years 10 to 15 years 15 to 20 years 20 years and over 313,055 199,282 66,766 29,860 10,580 41,227 59,014 31,532 17,326 6,026 3,740 11,605 28,325 39,307 5,974 1,092 Total 660,769 129,244 77,764 310,939 208,068 61,485 24,601 15,297 40,378 58,450 35,285 14,453 4,272 5,359 11,426 28,222 40,577 5,912 890 660,769 129,244 Total By maturity distribution Call classes (due or first. becoming callable); : Maturity classes final maturity ) Within 1 year 1 to 5 years 5 'o 10 years 10 o 15 years 15 to 20 years 20 years and over 531 2,536 ( Total Footnotes at end of Table TSO-5 421 1,742 62 .TREASURY SURVEY OF OWNERSHIP, Table TSO-3. Treasury-Notes 7-1/4 — (Continued) - Treasury Bulletin June 30, 1981 Interest-Bearing Marketable Public Debt Securities by Issue-Continued 63 August 1981 TREASURY SURVEY OF OWNERSHIP, Table TSO-3. - June 30, 1981 Issue-Continued Interest-Bearing Marketable Public Debt Securities by [Far values - in millioris of dQllarsI Held by investors covered in Total amount outstandLnc 1/ Treasury Bonds: 1975-85 -1/4 May 1978-83 June 3-1/4 1981 Aug. 7 1982 Feb. 6-3/8 1984 6-3/8 Aug. 1985 May 3-1/4 Nov. 1986 6-1/8 1987-92 4-1/4 Aug. 1988-93 4 Feb. 1988-93 Aug. 7-1/2 1989-94 4-1/8 May 1990 Feb. 3-1/2 1990 8-1/4 May 1992 7-1/4 Aug. 1993 Feb. 6-3/4 1993 Feb. 7-7/8 1993-98 May 7 1993 8-5/8 Aug. 1993 Nov. 8-5/8 9 Feb. 8-1/2 8-3/4 10-1/8 May Aug. Nov. 3 Feb. Feb. Feb. 10-1/2 7-7/8 12-5/8 10-3/8 8-3/8 11-1/2 8 3-1/2 8-1/4 11-3/4 13-1/8 7-5/8 7-7/8 8-3/8 8-3/4 9-1/8 10-3/8 11-3/4 10 12-3/4 13-7/8 May May Aug. Nov. Aug. Nov. May Feb. May Feb. Nov, Aug. Nov. May Nov. Feb. May Nov. May 1994 1994-99.... 1994 1994 1995 1995 1995-2000.. 1995 1995 1995-2000.. 1995 1996-2001., 1998 2000-05 2001 2001 2002-07... 2002-07... 2003-08... 2003-08... 2004-09... 2004-09... 2005-10... 2905-10... 2005-2010. 2006-11... Total Treasury Bonds Total Marketable Public Debt Securities U.S. Goverr.ment accounts and Federal Reserve banKs 942 1,174 807 2,702 2,203 614 1,196 2,349 138 1,914 880 2,033 1,247 1,504 627 1,501 692 1,768 1,509 3,010 2,414 1,506 1,502 401 1,502 2,771 1,503 1,504 4,662 1,482 1,575 1,506 4,246 1,501 1,751 4,249 1,495 2,103 5,230 4,606 4,201 2,647 2,987 4,736 2,302 347 217 333 1,016 1,249 172 93,196 26,525 864 1,089 42 1,321 422 863 407 457 5,335 commercial banks 2/ bajilvs 2/ 50 52 37 395 89 36 92 209 153 228 131 159 89 1,651 53 34 128 28 617 311 7 2,131 5 831 714 2,178 25 38 50 3 324 34 16 1,554 265 749 1,611 725 820 805 1,070 518 300 129, 2^^ mutual saving; 120 435 356 22 118 63 50 14 58 94 159 Treasuj-,,' Insurance companies Survey Treasury Bulletin 64 -TREASURY SURVEY OF OWNERSHIPJune 30, 1981 63 August 1981 .TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP, Coimiercial bank ownership was first published in the May The tables which follow report the security holdings of those commercial banks included in the Treasury Survey of Own- ership by type of bank and by type of security. June 30, 1981 1944 issue of the "Treasury Bulletin" based on the Survey date appeared at semiannually or It has for December 31, 1943. quarterly intervals since that time and is now being published The figures banks in the columnar headings indicate the number of reporting for the June 30 and December in each class. 31 Survey dates. Table TSC-1. -Summary of Federal Securities (Par values in millions of dollars) - Federal Reserve member banks Held by 5,335 Classification Reserve city 2,852 comtnercial banks 1/ Interest-bearing public debt securities Marketable Nonmarketable 2^/ 12 New York City member banks country 150 Chicago nonmember banks other 17,162 : Total interest-bearing public debt securities. 2,312 60,602 2,335 60,602 2,335 17,162 n,265 Footnotes at end of Table TSC-5. Table TSC-2. - Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution I Par values - in millions of dollars) Federal Reserve member banks Classification Held by 5,335 commercial banks 1/ 2,312 Reserve city 3,023 member banks 2,852 150 New York Citv Chic ago other 2,467 7,266 853 334 1,920 2,774 15,249 1,242 country nonmember hanks By type security : Issued by U.S. Government: Treasury bills Treasury notes Treasury bonds 10,880 63,083 3,900 8,688 48,849 3,065 Total 77,764 60,602 28,325 39,307 5,974 1,092 ;,835 5,584 958 1,136 348 185 58 2,536 21,481 30,902 4,737 813 476 2,192 241 731 77,764 60,602 28,222 40,577 By maturity distribution Call classes (due or first becoming callable) Within I year 81 3,114 24,414 2,192 14,234 7 36 19,265 : to 5 years 5 to 10 years 10 to 15 years 15 to 20 years 20 years and over 1 Total Maturity classes (final maturity): Within 1 year 1 to 5 year s 5 to 10 years 10 to 15 years 15 to 20 -y^flrs 20 years and over Total Footnotes at end of Table TSC-5. 531 5,912 890 421 1,742 77,764 768 6,917 9,534 1,439 260 10,912 14,649 1,992 6,843 8,405 1,236 278 201 311 33 2 5 916 520 55 343 10,585 2,335 19,265 28,417 17,162 21,395 31,952 4,690 2,884 5,897 956 6,868 9,892 1,425 165 85 598 10,876 15,022 1,962 298 6,827 8,624 1,222 657 358 1,550 767 ,141 347 58 60,602 10,585 1 21 136 218 726 2,335 19,265 1 234 54 62 206 192 28,417 17,162 Treasury Bulletin 66 .TREASURY SURVEY Table TSC-3. - - (Par values Regular weekly and COMMERCIAL BANK OWNERSHIP June 30, 1981 Interest-Bearing Marketable Public Debt - in milLions of dollars) Securities by Issue 67 August 1981 .TREASURY SURVEY Table TSC-3. - - COMMERCIAL BANK OWNERSHIP June 30, 1981 Interest-Bearing Marketable Public Debt Securities by Issue — Continued (Par values - in millions of dollars) Federal Reserve member banks 5,335 Held by Reserve city ,023 commercial banks 1/ Treasury Notes Continued 8-3/4 Nov. 9-1/4 May 10-3/4 Nov. 10-3/4 Aug. 13 Nov. 14-1/2 May 198e-B 1989-/\ 1989-B.... 1990-A.... 1990-B.... 1991-A 355 362 32 7 member banks 2,852 country 12 New York City 290 276 217 136 43 Chicago 150 other 2,312 nonmember banks 40 28 40 16 27 64 35 110 26 77 16 14 43 35 2 5 22 I 22 22 81 U) 159 43 154 16 11 5 5 38 55 21 54 101 27 112 100 138 Exchange Series Total Treasury Notes Treasury Bonds 4-1/4 May 3-1/4 June 2,027 : 7 6-3/8 6-3/8 3-1/4 6-1/8 4-1/4 4 7-1/2 4-1/8 3-1/2 8-1/4 7-1/4 6-3/4 7-7/8 Aug. Feb. Aug. May Nov. Aug. Feb. Aug. May 8 3-1/2 41 31 3 3 1 22 38 21 46 174 Aug. Nov. Feb. 10-1/2 7-7/8 12-5/8 10-3/8 8-3/8 11-1/2 1 1990 May 3 1 19,90 7 8-1/2 8-3/4 10-1/8 17 25 13 May Aug. May Aug. Nov. Feb. Feb. Feb. May May Aug. Nov. Aug. Nov. 8-1/4 11-3/4 13-1/8 7-5/8 7-7/8 8-3/8 8-3/4 9-1/8 10-3/8 11-3/4 May 10 May 12-3/4 13-7/8 Nov. May Feb. May Feb. Nov. Aug. Nov. May Nov. Feb. 1992 1993 1993 1993-98... 1993 1993 1994 1994-99... 1994 1994 1995 1995 1995-2000 1995 1995 1995-2000. 1995 1996-2001 1998 2000-05.. 2001 2001 2002-07.. 2002-07.. 2003-08.. 2003-08.. 2004-09.. 2004-09.. 2005-10.. 2005-10.. 2005-2010 2006-11.. 100 41 96 3 Footnotes at end of TSC-5. 73 29 33 18 1 56 3 3 13 12 30 10 12 26 38 19 1 12 U 51 40 6 80 46 71 23 55 49 35 6 33 12 17 3 * 3 2 6 23 15 17 4 38 27 12 34 1J8 32 30 89 17 12 10 16 6 3 17 * 26 14 23 38 24 4 4 10 25 18 35 3 * 5 7 26 50 7 2 1 26 206 72 62 35 65 14 1 2 298 173 34 33 119 3 109 23 60 88 2 58 39 24 120 435 56 22 118 63 50 14 58 399 292 1 1 20 109 65 57 5 37 14 38 6 4 48 13 48 90 152 6 1 10 45 3 32 11 107 3 18 31 60,602 10,585 2 16 3 324 3 28 39 28 28 42 Total Treasury Bonds Total Marketable Public Debt Securities 13 9 16 Feb. 8-5/8 8-5/8 9 24 241 54 27 Feb. Feb. 14 43 43 1975-85... 1978-83... 1981 1982 1984 1985 1986 1987-92... 1988-93... 1988-93... 1989-94... Treasury Bulletin 68 TREASURY SURVEY - COMMERCIAL BANK OWNERSHIP. June Table TSC-4. - Securities (Par values 80, 1981 Issued by - in Government Agencies millions of dollars) August 1981 69 .MARKET QUOTATIONS ON TREASURY SECURITIES, JULY Current market quotations shown here are over-the- 31, 1981 listed include all regularly quoted public marketable secu- counter closing bid quotations in the New York market for rities issued by the United States Treasury. the last trading day of the month, as reported to the Treasury issued by Federal agencies and guaranteed by the United by the Federal Reserve Bank of New York. Table MQ-1. AjTount outstanding (millions) States Government are excluded. The securities - Treasury Bills Securities 10 .MARKET QUOTATIONS ON TREASURY SECURITIES. JULY Table MQ-2. - Treasury Bulletin 31. iggi Treasury Notes-Continued 'Price decimals are 32nds) Yield Amount outstanding (millions) Description Change froiD last month To maturity Price range since first trade 1/ Change from last month Issue date High Date $5,191 7,958 5,438 2,930 5,583 4,586 2,573 7/8 1/4 5/8 14 1/2 7 7/8 8 13 9 12 J,tjl8 11 4,763 3,123 4,607 4,966 6,670 4,285 2,802 2,309 5,832 2,701 8,438 2,914 2,587 4,315 3,776 3,726 2,863 4,562 3,369 3,620 4,203 3,786 2,539 2,719 3,393 4,837 3,293 3,087 3,188 5,219 3,460 9,515 3,206 6,238 2,472 2,387 2,710 2,972 4,148 3,469 3,445 2,628 5,779 3,762 15 1/4 3/4 10 3/4 5,701 2,047 13 14 14 A 1 5/8 5/8 8 7/8 14 5/8 15 7/8 9 1/4 11 9 7/8 3/4 7/8 10 1/2 1/4 14 1/4 9 1/4 7 13 1/4 15 3/4 8 7/8 1/4 13 1/4 12 1/8 7 14 8 13 3/8 10 3/8 14 3/8 14 8 1/4 9 5/8 3/4 11 13 1/2 7 7/8 3/4 13 8 13 7/8 9 12 7 12 13 8 14 5/8 3/8 1/4 1/4 8 3/4 9 10 1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1-1/2 1/31/83-M 2/15/83-A 2/28/83-N J/31/83-D 3/31/8J-P 4/30/83-Q 5/15/83-C 5/15/ej-C 5/31/83-R 6/30/83-E 6/30/83-S 7/31/83-T 8/15/83-K 8/15/83-J 9/30/83-F 11/15/83-B 11/15/83-L 12/31/83-H 2/15/84-A 3/31/84-D 5/15/84-C 5/15/84-G 5/15/84-K 6/30/84-E 8/15/84-B 8/15/84-J 9/30/84-F 12/31/84-H 2/15/85-A 3/31/85-G 5/15/85-C 5/15/85-D 6/30/85-H 8/15/85-B 8/I5/85-E 11/15/85-F 2/15/86-C 5/15/86-A 5/15/86-D 8/15/86-B 11/15/86-E 2/15/87-B 5/15/87-C 11/15/87-A I/15/88-C 4/15/88-D 5/15/e8-A 7/15/88-E 11/15/88-B 5/15/89-A 11/15/89-B 8/15/90-A 11/15/90-B 5/15/91-A 10/01/81-EO 4/01/82-EA 10/01/82-EO 4/01/83-EA 10/01/83-EO 4/01/84-EA 10/01/84-EO 4/01/85-EA 96.28 89..'5 96.29 90.24 95.01 97.20 38.12 94.01 99.12 89.06 97.28 100.02 89.18 94,00 89.26 84.24 89.18 90.20 84.06 97.22 87.06 94.24 100.05 85.10 81.16 94.10 91.18 96.00 81.14 93.29 86.2 3 97.12 95.28 80.06 84.06 89.07 94.02 77.04 94.20 76.26 95.08 78.15 89.21 72.10 90.09 91.07 73.20 96.09 74.06 75.28 81.28 81.06 91.30 99.04 97.18 91.14 85.06 79.30 75.10 71.06 66.16 60.28 -1.12 -1.00 -1.20 -1.05 -1.20 -2.00 -1.16 -1.20 -2.01 -1.14 -l.iil -1.10 -1.26 -1.24 -1.30 -1.26 -2.08 -1.16 -2.19 -1.24 -2.28 -2.16 -2.06 -2.11 -2.22 -1. 11 28 - 2 . -2.12 -3.05 -).0I -3.10 -3.06 -2.14 -2.14 -2.23 -3.12 -2.10 -3.24 -1. 11 -3.14 -3.09 -3.03 -2.12 -2.27 -3.07 -2.14 -2.30 -3.00 -3.15 -3.20 -4.00 -4.08 +1.06 +1.14 -.19 -.16 -.30 -.30 -1.04 -2.02 lb. 067. 15.76 16.17 15.79 16.15 16.11 15.58 15.58 16.03 15.64 15.96 15.84 15.42 15.42 15.47 15.14 15.47 15.30 14.98 15.34 15.05 15.65 15.68 15.32 15.07 15.63 15.61 15.56 14.95 15.62 15.11 15.31 15.44 14.97 14.99 15.27 15.37 14.70 15.38 14.67 15.21 14.84 14.72 14.48 14.76 14.88 14.48 14.88 14.63 14.52 14.59 14.56 14.61 14.67 16.95 15.54 15.92 15.65 15.32 15.01 15.23 16.02 + 1. \b\ + 1.20 + 1.27 +1.14 + 1.29 + 1.37 +1.37 +1.23 + 1.27 + 1.20 + 1.30 + 1.04 + 1. 20 + 1.21 + 1. 38 + 1.19 + 1.32 +1.04 + 1.22 +.99 +1.36 +1.09 +1.19 +1.29 + 1.20 + 1.21 + 1.14 + 1.H + 1.20 + 1.23 +1.17 + 1.12 +1.04 + .99 + .98 + 1.09 + .89 + 1.16 + .98 + .98 + 1.08 + .88 +.77 +.75 +.80 +.74 + .84 + .80 + .84 +.84 + .81 + .81 + .49 -.53 + 1.65 + 1.13 +1.15 + .96 + .95 + 1.33 2/02/81 2/17/76 3/02/81 3/05/79 3/31/81 4/30/81 4/05/78 11/15/79 6/01/81 7/02/79 6/30/81 7/31/81 5/15/80 2/15/80 10/10/79 11/15/76 8/15/80 12/31/79 2/15/77 3/31/80 9/05/79 U/17/80 5/15/81 6/30/80 8/15/77 2/17/81 9/30/80 12/31/80 2/15/78 3/31/81 12/04/79 3/03/80 6/30/81 8/15/78 6/05/80 9/03/80 12/08/80 5/17/76 3/04/81 8/16/75 5/03/81 2/15/79 2/15/80 11/15/77 1/05/81 4/06/81 5/15/78 7/07/81 11/15/78 5/15/79 11/15/79 8/15/80 11/17/80 5/15/81 10/01/76 4/01/77 10/01/77 4/01/78 10/01/78 4/01/79 10/01/79 4/01/80 101.04 3/19/81 108.08 12/03/76 101.24 3/18/81 101.26 7/02/79 99.20 3/19/81 100.16 6/15/81 99.29 4/17/78 107.20 6/16/80 102.21 6/15/81 100.25 6/13/80 100.08 5/29/81 100.16 7/27/81 101.30 5/13/80 108.21 6/13/80 103.04 5/13/80 104.04 12/10/76 99.25 8/07/80 105.12 5/13/80 101.30 6/28/77 117.00 5/13/80 102.06 6/13/80 102.29 1/05/81 104.12 6/15/81 99.07 6/25/80 101.00 9/05/77 101.01 3/18/81 102.10 10/06/80 105.14 1/05/81 100.22 3/21/78 100.02 4/01/81 105.24 6/17/80 120.16 5/13/80 99.24 6/29/81 99.25 8/09/78 102.31 5/20/80 102.07 9/03/80 104.24 1/06/81 107.20 12/30/76 103.14 3/18/31 108.20 12/30/76 101.10 6/16/81 101.18 7/02/79 113.17 6/17/80 99.10 12/21/77 101.02 1/05/81 99.27 4/01/81 99.24 9/12/78 99.24 7/06/81 100.07 11/17/78 103.06 7/02/79 108.05 5/16/80 100.07 8/07/80 105.00 1/06/81 107.24 5/15/81 97.18 7/31/81 91.14 7/31/81 85.25 6/30/81 84.04 5/30/81 82.12 5/30/81 81.08 5/30/81 78.16 5/30/81 8 3.00 5/30/81 Price 96.10 84.10 96.18 87.26 90.26 97.18 84.00 93.16 99.05 86.12 97.24 100.00 88.01 93.12 87.29 79.29 88.22 89.09 79.18 97.04 85.16 94.03 99.28 83.25 78.20 93.27 91.04 95.16 79.31 93.26 86.02 97.08 95.24 78.22 83.20 88.26 93.26 75.09 94.16 75.02 95.04 77.12 88.29 70.18 89.22 92.20 72.02 96.02 73.10 74.24 80.30 80.20 91.12 98.30 76.20 78.00 76.14 74.05 71.14 59.12 66.02 60.28 Date 5/05/81 3/07/80 5/13/81 3/25/80 3/19/81 7/30/81 3/07/80 3/24/80 7/20/81 2/26/80 7/22/81 7/30/81 5/05/81 5/13/81 2/25/80 2/26/80 5/13/81 2/26/80 2/26/80 5/05/81 5/05/81 7/21/81 7/20/81 5/05/81 2/25/80 5/05/81 5/05/81 5/05/81 5/05/81 7/30/81 5/05/81 5/05/81 7/30/81 2/26/80 5/05/81 5/05/81 7/30/81 5/05/81 7/30/81 5/05/81 7/30/81 5/05/81 5/05/81 5/05/81 5/05/81 5/05/81 5/05/81 7/30/81 5/05/81 5/05/81 5/05/81 5/05/81 5/05/81 7/30/81 3/31/77 3/31/77 6/30/78 6/30/78 10/31/79 10/31/79 4/30/81 7/31/81 August 1981 71 .MARKET QUOTATIONS ON TREASURY SECURITIES, JULY Table MQ-3. Treasury Bonds 31, 1981 Treasury Bulletin 12 .MARKET QUOTATIONS ON TREASURY SECURITIES July z o liJ cc o CT) 00 CO CJ) CO oo 00 (3) CO CO 00 o DC O LU cr g !a O) c CO CO o o c o > oc X3 0) CO CO m < LU CO Q —I LU > CO 00 in 1^ o lO CO o in in o in in 81, 1981. o m o CO CO August 1981 15 AVERAGE YIELDS OF LONG -TERM BONDS. Table AYl. New Aa corporate bonds 2/ Treasury bonds 1/ Jan, Feb.. Mar.. Apr. May.. June. 6.86 July. 6.5' 6.75 6.63 Aug. Sept, Oct., Nov. Dec. Jan. Feb. Mar. Apr. May. June July Aug. Sept Oct. Nov. Dec. Jan. Feb. Mar. Apr May. June July Aug. Sept Oct. Nov. Dec. Average Yields of Long-Term Treasury. Corporate and Municipal Bonds by Periods <<.00 b.iU 6.5 3 9.00 9.09 6.''-. I 6.3'J . 5 .1 4. 70 9.09 9. OK 9.00 9.\4 6.5') 6.24 5. '^7 5.92 y .!^,9 7 ^.13 74 Treasury Bulletin AVERAGE YIELDS OF LONG -TERM BONDS. o UJ a. o 73 August 1981 .INTERNATIONAL FINANCIAL STATISTICS. Table lFS-3 presents an area breakdown of United States liabilities to official Institutions of foreign countries. to provide data The tables in this section are designed reserve assets and liabilities and other on United States of payments statistics related to the United States balance and international financial position. Table IFS-4 shows United States Treasury nonmarke table to official Institutions and other bonds and notes Issued residents of foreign countries. United States, Table IFS-1 shows the reserve assets of the rights held in the including its gold stock, special drawing in the International Monetary Fund, Special Drawing- Account and reserve poholdings of convertible foreign currencies, Monetary Fund. International sition in the Table IFS-2 brings together statistics on liabilities liquid liabilities to to foreign official institutions, and foreigners, which are used in the United States other all balance-of-payments statistics. the factors which affect the Table IFS-5 sets forth United States position in the International Monetary Fund. weighted-average Table IFS-6 presents a measure of dollar changes in exchange rates between the United States and the currencies of certain other countries. Table IFS-1. - U.S. Reserve (In millions of doll.^rs'l Gold sto -nd of calendar year or month reserve assets 1/ M) 1<)71 12,167 2/ 1972 13,151 1973 14,378 9/ 1974 15,883 1975 16,226 1976 18,747 1977 19,312 1978 18,650 1979 18,956 1980 26,756 Sept Oct. Nov. Dec. 21,845 22,691 22,994 23,967 25,671 26,756 1981-Jan. Feb. Mar. Apr. May. June 28,316 29,682 30,410 29,693 29,395 29,582 1980- July. Aug., 2^ Hh^ 8/ 10 2/ Assets . . . 1(> Treasury Bulletin -INTERNATIONAL FINANCIAL STATISTICS, Table IFS-2. - Selected U.S. Liabilities to Forei gners (In millions of dollars) Liabi H ties to eign countries institutions 2/ End of calendar year or mon th Liabili tie to IMF arising from gold trans actions 1/ Liabilities to other foreigners Liabilities reported by banks Marketable U.S. Treasury bonds in U.S. and notes ^! Nonmarket able U.S. Treasury bonds and notes 4/ Other readily marketable liabilities 5/ tary in- Liabilities ternationLiabi 1- io/n/. / 1 1972 Ki/. f 63,5Q3 68,720 51,209 50,651 83,769 6/ 93,642 1974 10/. 1975. 1976. 1977. 197B. 1979. 1980 . . 1981-Jan... Feb... Mar. 10/. . . May p.. June p. 9,431 9,534 40,093 40,093 5,236 5,236 15,747 15,747 66,861 12/«.4, 233 5,701 15,564 12/ 1,363 76,816 76,823 127,432 152,468 80,712 193,977r 244,577r 268,311r 126,230r 157,027r 143,326r 295,496r 1980-July. Auk. Sepl. Oct.. Nov.. Dec. Apr. 120,417 120,325 12/ 157,ll2r ,5in 450 450 5,059 5,059 16,339 16,339 2,222 2,222 50,461 54,956 65,822 6,671 U 32,165 19,976 20,648 20,443 10,998 78,206 35,894 37,590 20,970 17,387 7,800r 9,165r iO,143r 14,654 14,379. 86,624 788 41,455r 3/ 7/ (11) ,206 4,329 4,350 3,747 3,750 447 447 ,925 ,925 5,130 5,130 4,705 4,705 425 425 575 367 8,882 8,991 8,384 8,493 498 498 3,604 881 4, '83 950 10,801 13,791 16,466 10,100 12,814 14,736 977 ,7 30 19,992 26,967 16,070 18,642 2,327 3.056 4,93Sr 815 228 100,129 31,289r 19,914 15,954 15,654 14,254 15,254 15,254 14,654 12,878r 92,920 13,273r 103,729 13,472r 93,058 14,278r 98,013 14,396r 100,529 14,379- 100,129 28,135 28,859 29,407r 29,465r 30,935r 155,500r 155,332r 31,289r; 83,568r S2,013r 16,088 18,665 19,056 18,874 19,854 19,914 42,320r 43,725r 14,654 14,494 14,958r 100,373 15,100r 100,322 162, 754r 162, 7 74r 31,807r 32,820r 87,963r 87,983r 20,209 20,891 44,808r 44,80Sr 14,294 14,294 15,689r 15,689r 163,079 157,928 159,270 32,847r 33,140r 87,233 81,671 82,924 20,816 21,109 45,303 45,625 46,605 5,594r 5,594r 14,294 14,294 13,202 16,249 16,338 16,539 33,621 34,102 35,127 21,573 21,689 22,575 5,611 5,976 6,115 294,209r 295,136r (12) 135 153 701 40,548 39,803 40,801 41,489r 41,790r 41,455r " Nonmarke table U.S. Treasury bonds and notes 8/ 5,602 53,196 53,203 , in U.S. ' 7 7,26« 79,411 80,203 79,127 84,6 50 86,624 146,648r 148,141r 149,755r 150,148r 156,090r 157,112r 309,080 310,388 306,696 I 91 ,975 274,925r 287,700r 279,508r 284,874r 294,418r 295,496r 298,653r 300,288r , Marke table U.S. Gov t bonds ties (10) 1,955 1,955 61,526 61,526 (,83,787 1973 39,823 39,162 reported by banks i banks (6) \<>i\ Liabili ties to nonmone- 96,247 97,570 105,774 111,716 105,549 1,595 5,269 al and re- gional organizations 9/ (13) 77 August 1981 INTERNATIONAL FINANCIAL STATISTICS. Table IFS-3. U.S. Liabilities to Official Institutions of (In millions of dollars) End of calendar year or month 1171 3/ 4/. 1972., 1173., 1974. 1975. 1976. 1977. 1978. 1979. 1980 1980-July. Aug.. Sept. Oct.. Nov.. Dec. . 1981-Jan.. Feb.. Mar Apr. 3/. . . May p. June p Total Foreign Countries, by Area . 78 Treasury Bulletin INTERNATIONAL FINANCIAL STATISTICS Table IFS-4. Issued to Official - Nonmarketable U.S. Treasury Bonds and Notes Institutions and Other Residents of Foreign Countries (In millions of dollars or dollar equivalent) End of calendar year or month Piiydble Grand total Germany Switz land U) 1971 1972 1973 1974 1975 1976 (2) in dollars ether Europe 1/ (3) 1977 9,309 4/ 15,872 15,669 5/ 16,339 19,976 20,468 20,443 7,829 14,333 14,210 14,867 13,377 19,102 19,2 74 5,000 11,315 11,670 12,327 16,277 16,879 17,467 573 506 1978 22,565 20,624 17,467 ,707 450 1979 22.656 17,387 16,607 630 150 1980 21,091 14,654 14,607 198n-July Aug. Sept. Oct.. Nov. Dec. 22,391 22,091 21,691 21,691 21,o91 21,091 15,954 15,654 15,254 15,254 15,254 15,807 15,507 15,107 15,107 15,107 14,65.1 1.1,60" 1981-Jan.. 21,091 20,931 20,731 20,731 20,731 19,639 18,494 14,654 14,49i 14,294 14,294 14,294 13,202 12,802 . . Feb.. Mar.. Apr, May.. June. July. End of 14,60' 14,447 1*,247 14,24" 14,24" 13,202 12,802 :,b^o 2,840 2,540 2,540 2,100 1,650 700 100 100 100 100 100 79 August 1981 .INTERNATIONAL FINANCIAL STATISTICS. Table IFS-6. - U.S. Position in the International Monetary Fund (In millions of dollars) Transactions affect ing IMF hioldings of dollars IMF holding du ing peri od Calendar year or month VI. Paynents of subscripon in dol lars S. transactions with IMF Net gold sales by IMF 1/ Net borrowings by IMF 2/ Transactions in foreign currencies y (2) (1) IMF net income dollars (5) Wi.... 1972 1973 1974 1975 1976 1977 Transaction by other countries with IMF 1/ 754 5/ 218 6 70 -572 -628 -751 2.110 312 1979 4,021 100 (6) -1,157 -2.110 2,783 2,110 -1,692 1,619 -61 -16 -10 -37 -13 -145 -153 -171 -186 -247 June July. C7) 195 426 1,893 Sept Mar. Apr. May. -53 -13 -U'J &/' of U.S. reserve posi tion in IMF at end of period 4/ quota -1.073 -442 -2,078 -1,779 -99 Feb.. Amount U.S. dol lars -36 19Sl-Jan. Percent dollars 1980- July Aug. Oct. Nuv. Dec. Repurchases Total change (8) 1,350 -33 -59 10 1980 of 1,362 541 -219' 1978 Purchases of dol lars at end of period 97 54 64 147 52 565 -74 -425 166 -427 112 -2 38 34 -320 171 -648 -215 299 84 (9) (10) (U) Treasury Bulletin 80 .INTERNATIONAL FINANCIAL STATISTICS. Table IFS-6. - Weighted Average of Exchange Rate Changes (Percent change relative to exchange rates as of end-May 1970) End of calendar year or month for the Dollar i , . .; , ,., . 81 August 1981 CAPITAL MOVEMENTS agenc ies subs id iaries, and other affiliates in the United Fntities that have reportable States of foreign firms. transactions below securities claims, or liabilities, specified exemption levels are exempt from reporting. , Background DaLa relating lo capital movements between the United Slates and foreign countries have been collected since l**3'i under Treasury regulations pursuant to Executive Orders Nos. 6560 of January 15, 193i, and 10033 of February 8, l<?i'». and Reports the International Investment Survev Act of 1'576. are filed with Federal Reserve banks by banks, bank hoHinp securities brokers and dealers, and nonbanking companies Statistics on the States. United in the enterprises principal types of data by country or geographical area are then consolidated and are published in the monthly Treasury , Bullet in. The reporting forms and instructions 1/ used in the Treasury International Capital (TIC) ReportTng System have been revised a number of times to meet changing conditions publ ished the of usefulness increase the to and Revisions to the reporting forms are part of an statistics. ongoing effort to ensure the adequacy of the Treasury policv and analysis for statistics movements capital formulation with respect to the internal ional financial position of the United States and on movements of capital Revised between the United States and foreign countries. 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 nonhanking enterprises. by f i led B-series forms Ma ior revisions of the became States, United in the banks and some brokers effective with reports as of April 30, l*i78; new data series Also, introduced in the July 1*178 Treasury Bulletin were effect ive March 1981, reporting coverage of the B-series and brokers holdings by forms was enlarged to include of certain types of short-term money market dealers Subs t ant ial revisions of the C-series forms instruments. filed by nonbanking enterprises, were effective with reports December 1978; the new data series are shown 31, of as Revisions of the TIC beginning with the June 1979 issue. forms that affect the format and coverage of the current Capital Movements tables are noted under "Description of TIC , . Statistics " below. Basic Definitions Banks and some brokers and dealers file reports monthly covering Cheir dollar liabilities to, and dol lar c laims on Twice a year, as of foreigners in a number of countries. the same report and December they also June 30 31, liabilities and claims items with respect to foreigners in countries not shown separate ly on the monthly report s Beginning with reports due as of June 30, 1978 .quarterly reports are filed with respec t to liabilities and c laims denominated in foreign currencies vis- a -vis foreigners. The specified exemption level applicable to the monthly and quarterly reports is S2 million and is based on the average for the report dates during a six-month period, including There is no separate exemption the current report date. for the semiannual report s I eve I Banks, securities brokers and dealers, and in some thei r report month ly nonbanking enterprises instances the applicable ran sac t ions in securit ies with foreigners 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. t ; importers Ouarterly reports are filed by exporters indust rial and commerc ial concerns , f inane ial institutions nonbanking and brokers, and other than banks other enterprises if their liabilities or claims on the six-month Beginning December average basis are S2 million nr more. 31, 1978, these firms also report for each month-end their U.S. dollar-denominated deposit and certificate of deposit claims on hanks abroad of SIO million or more. , DescripCion of Statistics four tables on liabilities brokers and dealers in the Beginning April 1978, amounts due to banks' United States. 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 Che respondents themselves from their custody liabilities to iabi it ies are onl y currency and fore en foreigners Also, beginning April 1978, the data on reported quarterly. to by extending made more complete liabilities are securities brokers and dealers the requirement to report certain of their own liabilities and all of their custody liabilities to Foreigners. Section In general, data are reported opposite the foreign country or geographical area in which the foreigner is report ing records of on the shown domiciled, as For a number of reasons, the geographical institutions. breakdown of the reported data may not in all cases reflect Reporting assets. the ownership of ultimate the institutions are not expected to go beyond the addresses shown on their records, and so may not he aware of the beneficiary. the ult imate of domicile country of from deposits of abilities arising U.S. Furthermore, dollars with foreign banks are reported generally in the banks, foreign Co liabilities as statistics Treasury whereas the liability of the foreign hank receiving the institutions or to deposit may be to foreign official residents of another count rv I Data pertaining to branches or agencies of foreign official institutions are reported opposite Che country to Data pertaining to which Che official institution belongs. reported are organizations regional and international regional international or appropriate the opposite International Rank for the except for classification "Other classification the included in which is Settlements Europe ." Geographical Classification A number of changes in geographical classification were introduced for most Capital Movements tables in the July Several count ries formerly included in "Eastern 19 78 i ssue Europe" and "Other Latin American Republics" are now shown separately in the country list as well as a new category in "Middle for grouping regional and the International F.astern Regional" in view of the proliferation of regional financial organizations in that area primarily in the Arab The remaining countries in the categories "Other stales. Eastern Europe" and "Other Western Europe" were combined into a single "Other Europe" category; and the head ing, and America retitled "Latin America" was "Latin Caribbean." To the extent possible, the sCatisCics for earlier dates have been adjusted in accordance with these revised geographical categories . Reporting Coverage Reports required from banks, bank holding are companies, securities brokers and dealers, and nonbanking enterprises in the United States, including the branches presents data i ; The term "foreigner" as used in the Treasury reports covers all institutions and individuals domiciled outside citizens United States including States, United the domiciled abroad, and the foreign branches, subsidiaries, and offices of United States banks and business concerns the central governments, central banks, and other official institutions of foreign countries, wherever located, and wherever organ izat ions, regional and international The term "foreigner" also includes persons in the located. United States to the extent that they are known by reporting institutions to be acting on behalf of foreigners. I in to foreigners reported by banks , , I I Table CM-I-], showing total liabilities hv type of shown previously liabilities holder, combines foreign separately as either short-term or long-term. Table CM-I-2, by liabilities Parts A and B, on foreigners' holdings of type show total liabilities pa yah le in dollars reported bv Table CM- I- 3 presents total hanks, brokers, and dealers. liabilities by country for recent periods and inc ludes the long-term data previously shown separately; whereas CM-I-4, covering total liabilities hy type and country for the most recent month, includes several data items not reported The liabilites data on separately prior to April 1<»78. supplementary countries previously presented in Table CM-I-5 III below.) CM-III-I. (See Section Table now appear in Section II presents the claims on foreigners reported Beginning with data reported by banks in the United States. as of the end of Apri 1 1978, hanks' claims held for their own account are reported separately from claims held for The former are available in a Cheir domestic customers. monchly series whereas the latter data are collected on a Also, there is no longer a breakdown quarterly ha sis only. available on the long-term and short-term components of Maturity data are collected quarterly on a banks' claims. rema ining to maturity basis as opposed to the historic t ime Foreign currency claims original maturity classification. Beginning are also collected only on a quarterly basis. extended to certain was March 1981, this claims coverage items in the hands of brokers and dealers in the United States. Table CM-II-l presents total claims by type as reported on the old B-series forms and has been revised to inc lude publ ished component s formerly long-term c laims the Table CM-II-2, showing total claims by type, is separately. CM1-3, which Table 1 based on the revised hanking reports. represents total claims by country, merges the previously reported short-term and long-term c laims data from old CMNew Tables CM-I 1-4 through CM-II-7 are II-2 and CH-II-5. based on the revised reports and replace the previous tables which showed short-term and long-term claims separately. report ing, in the claims important change Another beginning with new quarterly data as of June 30, 1978, is the adopt ion of a broadened concept of "fore ign public borrower," which replaces the previous category of "foreign official institution" to produce more meaningful information The on lending to the public sector of foreign countries. central encompasses publ ic borrower" "foreign term of governments central departments of governments and foreign possessions; and their countries of foreign and exchange funds, banks, stabilization central authorities; corporal ions and other agencies of central developroent banks development governments inc luding institutions and other agencies which are ma ior i t y-owned by , , Treasury Bulletin 82 CAPITAL MOVEMENTS, the central government or its departments; State, provincial, and local Bovernments of foreign countries and their departments and agencies; and anv international or regional organization or subordinate or affiliated agencv thereof, created by treaty or convention between sovereign Section III includes two supplementary tables on U S banks liabilities to, and claims on, foreigners. Table CMIII-l summarizes dollar liabilities to, and banks' own dollar claims on, countries and areas not regularly reported separately. Beginning with reports due as of June 3n 1978 these data are collected semiannually. Previously, the semiannual reports were addressed to liabilities items' only and were reported as of April and December; however, they are now collected as of the end of June and December. Table CM-III-2 presents data on U.S. banks' loans and credits to nonbank foreigners, based on the TIC reports and on the monthly Federal Reserve 25(12 reports submitted for foreign branches of U.S. hanks. Sections lu and V, respectively, show the liabilities and claims on, unaffiliated foreigners by exporters importers, industrial and commercial concerns, financial institutions other than banks and brokers, and other nonbanking enterprises in the United States. The data exclude the intercompany accounts of nonbanking enterprises in the United States with their own branches and subsidiaries abroad or with their foreign parent companies. (.Such transactions are reported by business enterprises to the Department of Commerce on its direct investment forms.) The data also exclude claims held through banks in the United States. Beginning with data published in June 1179 (reported as of December 31 1978) 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 instead of the prior original maturity basis. In addition, the number of reporters increased somewhat as a result of a broad canvass of prospective reporters undertaken in late 1978. to, • In Section V: Table CM-IV-1 combines liabilities previously shown as either short-term or long-term in old Table CM-IV-1; Table CH-IV-2 combines these short-term and long-term liabilities by country and replaces previous Tables CM-IV-2 and CH-IV-4. Table CM-IV-3, covering total liabilities by type and country for the most recent guarterend, includes several items not reported separately prior to December 1978. . The tables in Section V have been extensively revised reflect the changes in data collection format outlined above and the elimination of a monthly form that covered to "asnington, O.C. 20220, or from Federal Reserve hanks. nonbanking enterprises' liouid claims on foreigners Specifically, Table CM-V-1 combines short-term and long-term clams; Table CW-V-2 shows total claims by country and replaces former Tables CH-v-2 and CM-V-7 Current Table CMV-3 shows total claims by type and country and includes Items that were not reported separately prior to end-year 1978. Tables CH-v-4, CM-1/-5, and CM-v-6 no longer appear. . Section VI contains data on transactions in all types long-term domestic and foreign securities by foreigners reported by banks and brokers in the United States (except nonmarketable U.S. Treasury notes, foreign seriesand nonmarketable U.S. Treasury bonds and notes, foreign currency series, which are shown in the "International Financial Statistics" section. Table IFS-6). The data cover new issues of securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers. The data include some transactions which are classified as direct investments in the balance of payments accounts. Tlie data exclude securities issued abroad by foreign subsidiaries of U.S. corporations, some of which are treated in the balance of pavments as issues of U.S. corporations. of as 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 between foreigners of different countries. Beginning with data for 1969, transactions between foreigners in new issues not offered for sale to United States residents but managed by underwriters in the United States are excluded from the gross figures. The data published in these sections do not cover all types of reported capital movements between the United States and foreign countries. The principal exclusions are the intercompany capital transactions of business enterprises in the United States with their own branches and subsidiaries abroad or with their foreign parent companies, and capital transactions of the United States Government. Consolidated data on all types of international capital transactions are published by the Department of Commerce in Its regular reports on the United States balance of payments. / ... August 1981 85 CAPITAL Section I - Liabilities to MOVEMENTS Foreigners Reported by Bankg in the United States Table CM-I-1. Total Liabilities by Type of - Holder (Ln millions of dollars) InterndLional and regional Foreign countries End of calendar year or r.ionth Total liabili ties Official institutions Payable in dollars U Banks and other f,:irei^ners Payable in dollars Payable in foreign currencies Payable in dollars Payable in foreign currencies 2,217 4./ 2,213 4/ 2,217 2,213 346 1,968 1,968 468 2,716 2,716 3,973 3,992 3,973 3,992 248 248 1971 3/ 56, 306 56, 331 39,823 39,162 il 39,665 38,988 5/ 158 165 14,267 14,956 5/ 14,019 14,703 61 ,689 40,093 39,922 171 19,629 19,283 1972 23,587 23,117 38,959 38,360 38,320 38,221 639 639 1973 70 535 44,233 44,105 127 1974 3/ 96, 128 96,,056 53,196 53.203 53,069 53,076 127 127 U7 50,461 39,982 3,704 5,696 50,461 552 96, 39,430 1975 50,764 49,987 777 5,710 5,705 54,9 56 54,956 57,985 57,071 914 3,256 3,245 111, 430 1977 127 065 65,822 65,822 90,742 73,49? 2, )92 2,621 2,607 90,998 75,8ft5 1978 169, 504 108,870 106,958 1,912 2,362 2,356 78,206 78,206 116,329 3,714 2,378 2,344 111,008 122,394 112,114 116,887 120,333 120,043 108,291 119,677 109,397 114,170 117,666 116,329 2,717 2,717 2,925 2,843 2,588 2,771 2,514 2,378 2,903 2,821 2,551 2,734 2,477 2,344 120,582 121,213 117,063 118,679 3,714 3,714 3,230 3,232 3,232 3,232 1,961 2,003 1,854 1,854 8/ 8/ 1,995 2,037 1,884 1,884 1,^34 1,844 3,232 8/ 1,807 1,777 189, 4 38 1979 198C 1980- luly.. Aug Sept.. Oct Nov. . Dec. . 19ai-Jan... Feb... Mar. 3/ Apt May . , p. June p. . 209, 045 86,624 »6,624 191,201 204,648 194,905 198,785 207,547 209,045 77,268 79,411 30,203 79,127 34,651 66,624 77,26? 79,411 206,145t 205,264r (20e,91lT 203,547r 216,414 216,921 2 I 2 , ^ 54 83,568r 82,013r 87,963t 87,9e3r 87,233 81,671 82,924 80,203 ^9,127 84,650 S6,624 87,963r 87,983r 87,233 81,671 127.,347 133,406 116,868 117,499 113,833 115.447 124,315 130,174 82,924 128,123 124,891 83,568r ,8i,013r Payable in foreign currencies (3) (6) 1976 It 8/ 8/ 2, "17 2,-17 2,717 3,714 8/ 8 8/ 8/ X !,'((14 1,813 5 . 84 Treasury Bulletin .CAPITAL MOVEMENTS. aeition 1 - LiahilitiM to Foreifneri Keported by Table CM-I-2. - lajikii ia the United 81*1** Total Liabilities by Type, Payable in Dollars Part A - foreign Coantries (In millions of dollars) Official institutions 1/ End of calendar other foreigners Tot-al foreign countries U.S. Demand Time (2) V (3) Treas. bills 4 certificates Deposits U.S. Other liabilities 2/ Demand (4) (6) Time 2/ Treas. bills i certificates (7) (8) 3,230 3.321 7,047 3,399 5/ 850 2,037 5/ 32,311 32,311 1,591 1,591 2,880 2,880 31,453 31,453 3,998 3,998 91,297 2,951 2,951 4,257 4,167 34,656 34,656 11,205 11,302 1971 4/ 5/. 53,684 53,706 1,620 1,327 1972 4/ 59,205 59,204 [91,389 2,504 U U.S. Other liabil- To own foreign offices Treas. bills f, certificates 3/ Other liabilities 2/ (13) 320 5/ ,367 ,232 5/ 1.660 1.660 1,663 1,666 323 327 4,658 4,658 405 405 ,510 ,510 1.955 1,955 2,116 2,116 569 563 8.248 1,911 1,910 232 32 19,546 19,355 2.729 2,729 3,796 3,744 277 277 1973 1974 4/ 1 8.231 2 1,581 1,743 1975 89,891 2,644 3,423 34,199 10,195 7,534 1,873 335 19,588 3.248 4,323 325 1,704 1976 104,943 3,394 2,321 37,725 11,516 9,104 2,297 119 25,652 4.015 6,524 198 2.078 1977 122,393 3,528 1,797 47,820 12,677 10,933 2,040 141 29,222 4,304 7,546 240 2.645 1978 164,235 3,390 2,560 67,415 17,376 11,257 1,429 300 7.126 37.311 4.242 8,353 285 3.189 1979 185,164' 4,671 3,050 47,666 22,819 13,235 1,667 422 -9,125 63.817 5.037 8.755 382 4.418 1980 a02,953 3,271 3,612 56,243 22,997 14,188 1,703 11,2 31 68,670 5.356 9.676 474 4,408 185,559 199,038 189,600 193,296 202,315 202,953 3,98J 3,691 4,229 3,406 3,553 3,771 2,705 3,026 3,576 3,355 3,588 3,612 47,982 49,811 49,361 50,392 55,104 56,243 22,594 22,884 23,036 21,974 22,404 22,997 12,870 13,423 12,989 13,843 13,714 14,188 1,622 1,510 1,408 1,718 1,782 1,703 62,877 73,887 64,557 67,683 70,458 68,670 4,732 5,014 4,986 5,096 5,393 5,356 8,570 3,719 9,020 8,945 9,184 9,676 484 515 529 623 12,278 11,615 11,026 11,537 11,328 11,231 4,302 4,458 4,358 4,331 4,764 4,408 200,436r 199,512r 201,796r 203,432r 211,343 211,346 3,869 3,580 3,338 2,232 3,768 3,444 3,343 2,997 2,920 2,938 2,412 2,642 56,522 56,983r 60,493r 60,495r 61,671 57,859 19,834r 18,449r 21,212r 21,321r 19,382 17,727 12,889 14,287 12,585 12,588 13,493 13,394 1,857 1,813 2,324 2,305 1,549 1,687 826 327 839 940 11,157 10,820 10,592 11,912 11,693 10,931 70,125 68.973 66,690 66,707 7*, 963 31,532 5,179 5,246 5,259 5,270 5,205 5,208 10,623 10,392 10,961 10,995 11,677 11,638 432 449 607 690 207,815 3,975 2,551 57,719 18,630 13.643 1,663 10,903 74,944 5,345 12,250 1980-juiy.., Aug Sept... Oct.... Nov Dec 1981-Jan Feb ' Apr. . May, p. Includes Bank for International Settlemeota . Time deposits exclude negotiable time certificates of deposit, which are included in "other liabilities." Data not available separately prior to April, 1978. Data on the two lines shown for this date differ because of changes In reportiilg coverage. Figures on the first line are comparable in coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date. 557 577 361 631 714 473 693 502 513 474 701 571 Data on the second line differ from those on the first line because those liabilities of U.S. banks to their foreign branches and those liabilities of U.S. agencies and branches of foreign banks to their head •^tjises and foreign branches which were previously reported as deposits are included in "Oth^r liabilities": certain accounts previously classified as"Dfficial institutions" are included with "banks"; and a number of reporting banks are included in the series for the first time. Preliminary, r Revised. 3,970 4,303 3,989 4,154 3,990 4,273 4,425 August 19 8 J 85 .CAPITAL MOVEMENTS. Section I - Liabilities Table CM-I-2. Part B - - Total to Foreigners Reported by Banks in the ILnited StAtea Liabilities by Type, Payable in Dollars— Continued Nonmonetary International and Regional Organizations 86 Treasury Bulletin -CAPITAL Section I - MOVEMENTS- Liabilities to Foreigners Reported by Banks in the United States Table CM-I-3. - Total Liabilities by Country (Position at tnd of period in millions of dollars) Calendar year Europe Austria Belgium -Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republic Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe : 426 ^,780 ,490 1,947 347 S,338 i*2 17,696 826 103 7,778 2,416 1.273 13,105 636 107 332 23 130 559 878 3,126 1ft, 652 1,275 2,009 18.103 224 24,851 3!8 14,617 16 B2 53 254 3,460 266 4,071 1,648 6,759 1 Total Europe Canada : Latin America and Caribbean Argentina : Bfibamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean 621 1,141 6,086 398 1,763 13 323 428 52 3,479 308 , , 2,970 363 216 231 , , , 3,825 1,598 Total Latin America and Caribbean Asia -China: Mainland Taiwan Hong Kong India Indonesia , : , , , Israel , Japan Korea Lebanon Malaysia Paki Stan Philippines Singapore Syria Thailand Oil-exporting countries 2f Other Asia Total Asia , , , , , 63 503 1,260 794 449 688 21,955 803 166 176 264 645 370 22 , 427 , , , Africa Egypt Ghana Liberia Morocco South Africa Zaire Oil-exporting countries Other Africa : , V ,525 605 Total Africa Other countries Australia All other : , 843 , 241 Total other countries Total foreign countries , International and regional International European regional Latin American regional Asian regional African regional Middle Eastern regional,... : , , , Total international and regional Grand total 822 2 54 a? August 1981 -CAPITAL MOVEMENTSSection I - LiBbilities to Table CM-I-4. - Total Foreignera Reported by Basks in the Uoited States Liabilities by Type and Coantry, as of June 30, 1981 Preliminary . . . . .. ' 88 Treasury Bulletin -CAPITAL MOVEMENTS. Section II - Claims on Foreigners Reported by Banks in the United States Table CM-II-1. Total Claims by Type - (OLD SERIES) (In millions of dollars) Payable in dollars End of calendar Total year or month Of f Ic ial institutions claijus JIL (s; 12,278 11,813 6,323 ''12,828 12,295 12,397 6,087 6,084 1968 1969 i/..., 12,930 Other for- eigners JJlL _tlL -i^L Payable in foreign currencies llecAccepttions ances outmade for standing account for account of of forreporting eigners banks and domestic cuetomers(7) (8) 1,934 3,614 1,733 2,854 764 754 2,155 2,152 3,169 3,169 1,954 2,015 3,169 3,202 Deposits of reportiing banks and domestic customers with foreigners Other claims (9) 1,084 1,096 (10) other claijns (11) (12) 456 336 534 534 352 352 181 181 1970 13,877 13,242. 623 1,956 1971 1/ 2/, 16,837 16,939 15,973 16,022 7,848 7,314 7S8 2,928 2/ 2,395 2/ 4,122 4,113 2,475 2,475 4,243 4,254 1,407 2/ 1,979 2/ 864 917 549 548 315 359 1972 1/ 20,425 20,739 19,539 19,853 10,213 10,259 996 1,007 3,405 3,400 5,811 5,852 3,259 3,276 3,204 3,225 853 092 885 886 441 441 445 445 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 13,405 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 1,833 428 659 656 1,103 306 607 802 730 1977 92,562 90,205 30,631 2,961 15,357 12,302 6,175 14,212 39,187 2,355 941 1,415 June. 30,A76 82,033 78,510 80,065 27,065 25,590 663 662 13,002 12,532 11,401 11,396 5,317 6,417 13,087 13.209 32,0a 33,848 1,965 1,968 854 834 1,101 1,133 July.. Aug... Sept.. Oct. . Nov. Dec... 81,874 81,085 83,812 86,507 87,357 92,562 80,039 78,370 81,869 84,300 85,270 90,205 27,921 27,284 28,997 28,969 28,183 30,531 2,536 2,759 2,792 2,896 2,889 2,951 13,829 12,967 14,310 13,665 15,357 11,555 11,558 11,894 12,112 11,629 12,302 6,352 6,200 6,025 5,005 5,045 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 2,155 794 1,006 818 900 841 941 1,041 1,109 1,126 1,307 1,245 1,415 . 94,246 93,357 98,832 91,874 91,040 96,449 3,037 3,079 3,003 . 98 Q';,876 29,306 29,346 32,498 32,335 13,922 14,115 16,949 16,596 12,346 12,151 12,546 12,428 5,342 6,446 6,765 5,910 13,592 13,589 13,892 13,783 ;2,634 41,559 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 1973 197-i l''"-rfay... . 1978-Jan. Feb. Mar. Apr. e: . . ,-197 805 3 , ni 2,389 13, %1 ]^otal claims Include claims previously classified as either "short-term" or "long-term" on the Treasury reports filed by banks A monthly maturity breakdown was discontinued with new reports filed as of April 30, 1978, and the historical series has been adjusted accordingly .^ (See introductory text to Capital Movements Section for discussion of changes In reporting forms and coverage.) - 283 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 claijns 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. 635 Total Claims by Type (UEW SERI2S) (In millions of dollars) Payable in foreign currencies Payable in dollars End of calendar year or quarter-end month Total claims Banks' own claims (3) (1) Claims of banks domestic customers (4) Banks' own claims claims of banks' domestic customers (5) 461. (7) 1978-June... Sept.. Dec .... 103,320 108,648 130,771 105,249 126,743 90,761 96,167 115,500 9,131 9,082 11,243 4,028 3,671 358 1979-March.. June ... Sept... Dec .... 125,016 132,717 150,553 157,006 121,851 129,544 146,931 154,008 108,686 115,551 127,629 133,920 13,165 13,993 19,302 20,088 3,165 3,173 3,622 2,993 2,690 2,599 3,013 2,419 475 574 609 1980-March.., June. Sept Dec 158,212 178,589 190,861 203,8^5 154, 3S1 174,917 187,063 198,^0' 131,797 149,759 161,573 22,584 25,158 25,490 '6,106 3,831 ),672 3,798 5,ies 1,058 798 595 962 1981-Mar. 215,154 217,895 210,528 213,206 31,055 31,669 4,^6 2,772 2,874 3,203 4,206 4,182 4,589 4,245 . I/, <59,892 1/ Data on the two lines shown for this date differ because of changes in reporting coverage. Figures on the first line are comparable in coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the following date. l''7,601 179,473 181,53"7 3,428 2,619 809 3, 399 2,M3 446 579 444 444 ... 89 August 1981 -CAPITAL MOVEMENTSSection II - Claims on Foreigners Reported by Banks in the United States Table CM-II-3. - Total Claims by Country Calendar yea: Europe Austria Belgium- Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republic, Germany Greece Hungary Italy Netherlands. Norway Poland Portugal Romania Sp^in Sweden Switzerland. Turkey United Kingdoi U.S.S.R Yugoslavia. Other Europe. : 63 10 270 328 4,502 67 1.327 241 33 1,715 804 323 411 189 108 1,252 581 1,67<* 365 14,124 438 . 14 Total Europe. Canada. Latin America and Caribbean : Argentina Bahama s Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jama ica Mexico Netherlands Antilles Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean Total Latin Amer Caribbean 2 773 114 4S 5,705 298 3»125 928 59 67 59,96e 1 Malaysia Pakistan Philippines Singapore Syria Thailand Oil-exporting co Other Asia Total Asia Egypt Ghana Liberia Morocco South Africa Zaire Oil-exporting countries Other Africa 2^/ Total Africa : Total other countries.... Total foreign countries.... International and regional International European regional Latin American regional.. Asian regional African regional Middle Eastern regional.. : Total international and regional Grand total 6,696 9,791 1,062 1,066 and China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Other countries Australia All other 2,46<i 21,859 90 Treasury Bulletin -CAPITAL MOVEMENTSSection Table CM-IM. II - Claims on Foreigners Reported by Banlis in the United States Total Claims on Foreigners by Type and Country Reported by Banks in the UJ3. as Of CPoslcion at end of period in millions oi dollars) March '31, 1981 . , 91 August 1981 .CAPITAL MOVEMENTS, Section II - Claims on Foreigners Reported by Banks Table CM-II-5. - Banks' Own in the United States Claims., by Type (In millions of dollars) Payable in foreign currencies Payable in dollars Memorandum claims items Claims on unaffiliated foreigners Claims on own foreign offices Remaining maturity End of calendar year or quarter-end month reporting One year or less banks' own On unaffiliated foreign banks Deposits Over one year Customer liabilother foreigner; ity on On all iccept- On foreigr ?n all On foreign On all Dther publ ic other public borrowers foreigners foreigner: borrowers claims (4) _UL JJl. _L5J _i8i- _i22_ (10) (12) (13) 1,092 1,385 1,795 1,208 1978-June.. Sept.. Dec . . 93,380 99,120 119,171 55,864 60,056 73,634 3,134 3,711 4,633 41,387 43,480 53,712 3,251 4,247 5,395 8,092 8,618 9,894 34,896 36,110 41,866 5,321 4,692 5,423 25,105 27,095 35,054 19,312 20,36C 23,111 11,865 12,784 15,03C 2,620 2,953 3,671 111,376 118,150 130,642 136,338 71,676 77,835 87,665 86,242 4,749 4,745 6,287 7,351 50,748 55,426 62,203 57,861 5,982 6,500 7,787 8,371 10,197 11,164 11,388 12,659 37,010 37,716 39,964 47,677 6,134 1979-Mar.. June. Sept. Dec. 6,274 31,177 34,557 38,910 34,654 23,421 25,010 27,497 29,650 15,266 16,983 19,867 18,021 2,690 2,599 3,013 2,419 134,569 152,633 164,776 176,807 85,528 93,149 99,022 106,857 6,888 7,288 8,935 10,036 57,297 64,539 67,296 72,628 8,593 8,673 9,722 10,152 12,750 12,649 13,069 14,041 46,269 56,610 62,551 65,744 5,502 6,522 7,211 8,254 34,047 37,329 38,752 41,962 30,381 33,230 34,395 36,459 20,144 22,375 23,43? 22,714 2,772 2,874 3,203 4,206 183,655 185,781 104,506 106,513 10,492 10,630 70,211 72,005 10,191 10,244 13,613 13,634 74,966 75,023 7,263 8,205 39,239 39,898 37,537 39,898 24,444 24,452 4,182 4,244 1980-Mar.. June. Sept. Dec. 1981-Mar. 1/. -1/ Data on the two lines in reporting coverage. differ because of changes ,hi, date date^d^ shown f or, th„„parable in ^ ^^^ ^^^ Figures °^ „„ the seco ^^ date. foUowmg for rir:?: Tomra^rblf rt^rse^fho:^ L 7,004 7,115 ] 1,528 1,568 1,876 92 Treasury Bulletin CAPITAL MOVEMENTS- Table CM-II-6. - Section II - Claims on Foreigner! Reported by Banks in the United States Banks' Own Claimi by Type and Country, Payable in Dollars, as of June 30, 1981 Frvliainary of dolljiri) Country August 1981 93 .CAPITAL MOVEMENTS, Section II - Claims on Foreigners Reported by Banks Table CM-II-7. - in the United States Domestic Customers' Claims by Type ,, Treasury Bulletin 94 .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 (Position at end of period in milli ons of dollars) Total liabilities Other Europe Cyprus Iceland Ireland Monaco Other Latin America and Caribbean Barbados Belize Bolivia Costa Rica Dominican Republic El Salvador French West Indies and French Guian;> Guyana,,,, Haiti \\ Honduras Nicaragua, Paraguay Suriname 65 59 43 37 105 236 33 36 111 165 186 210 189 355 301 193 203 403 265 243 216 340 275 67 168 68 16 94 !9 6 20 36 63 141 165 33 14 105 48 73 148 170 103 36 2 3 18 52 29 6 5 Ne pa 1 Sri Lanka 36 23 Vietnam Yemen (Aden) Yemen (Sana) 56 29 65 35 10 37 18 2 3 All Other New Hebrides New Zea land Papua New Guinea U,S, Trust Territory of the Pacific Islands,.. 153 7 169 195 287 239 Other Asia Afghanistan, Bangladesh, Brunei Burma , Jordan Kampuchea (formerly Cambodia) Macao Other Africa Angola. Burundi , Cameroon Ethiopia, Including Eritrea, Guinea .,,,, Ivory Coast Kenya Madagascar Mauritania Mauritius Mozambique '.'.'.'.'.'. Niger Rwanda Sudan ^.^ Tanzania Tunisia Uganda Zambia 32 47 21 10 26 7 22 ^ 15 26 81 197 230 95 August 1981 .CAPITAL MOVEMENTS. Section III - Supplementary Liabilities and Claims Data Reported by Banks in the United States Table CM-III-2 - Dollar Claims on Nonbank Foreigners (Position at end of period in millions of dollars) Dollar claims of U.S. offices End of calendar year or month Total dollar claims on nonbank foreigners < 1978. 1979.. 1980. July. Aug.. Sept. Oct Nov. . . . Dec. 1981- Jan Feb Mar .2/. 1/ 2/ ~ Apr L. Mav p. U.S. agencies & branches of foreign banks U.S. -based banks < 1) 102.883 116,807 136,735r 20,399 23,824 28,769 124,191 25,070 125,803 128,232 130,737 131,936 134,254 136,735r 25,233 25,739 26,806 26,811 26,865 28,769 136,067r 136,991r 28,537r 28,809 29,555 29,912 30,633 31,399 140,689 141,046 142,645 143,312 Federal Reserve Board data. Data on the two lines shown for this date differ because of changes Figures on the first line are comparable in in reporting coverage. coverage to those shown for the preceding date; figures on the second line are comparable to those shown for the date. 13 Preliminary. Revised. ?) 96 Treasury Bulletin CAPITAL MOVEMENTS Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States Table CM-IV-1. - Total Liabilities by Type 97 August 1981 MOVEMENTS- -CAPITAL Section IV - Liabilities to Foreigners Reported by Nonbanking Business Enterprises Table CM-IV-2. , - in the United Slates Total Liabilities by Country at end of period in ' Calendar Year Austria Belgium-Loxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republic Ge many Greece Hungary Italy Netherlands Norway Poland Portugal Romania Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe l,0i5 36 3b 173 5ia 355 1.056 263 1.042 1,055 23 51 1 i(> 137 226 101 104 695 110 556 480 50i. 139 P9 675 S46 182 121 701 4.769 109 107 25 • Total Europe atin America and Caribbean : Argentina Bahamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemala Jamaica Mexico Netherlands Antilles 2^/ .. • Panama Peru Trinidad and Tobago Uruguay Venezuela Other Latin America and Caribbean 135 bOi 102 123 154 464 460 420 973 1,149 131 10« 176 736 115 176 715 135 101 i.tja? 1,406 103 114 250 714 1.8 2 424 13? 274 373 336 129 50 516 193 285 34 32 40 338 17 17 366 3:^3 Total Latin America and Caribbean Asia : China: Mainland Taiwan Hong Kong India Indone 9ia Israel Japan Korea Lebanon Malaysia Pakistan Philippines Singapore Syria Thailand Oil-exporting countries Other Asia 35 51 307 104 4K 3o: 114 336 171 1.321 ,101 120 244 91 1^3 1,21^ 333 112 120 1,120 140 ,289 199 ' 94 43 290 117 1,365 195 4 39 10^ 124 103 117 100 142 223 223 132 1 46 931 9] y 998 100 3,571 Total Asi. 60 Africa Egypt Ghana Liberia Morocco South Africa Zaire Oil-exporting countries i/ Other Africa : lb 68 106 10 110 98 5 633 382 1.017 Total Africa. Other countries Australia All other 223 95 : 318 Total other countries. 21,073 20,853 16,979 Total foreign countries. International and regional International European regional Latin American regional... Asian regional African regional Middle Eastern regional... : Total international and regional Grand total. ' 10,091 L,"-"'' 12.807 ' of changes ii Daca" in two columns shown for this date differ because Figures in the first column are comparable in repotting coverage. the secoi coverage to Chose shown for the preceding date; figures in (See column are comparable to those shown for the following date. to Capital Movements section for explanation of introductorytext changes in reporting.) 18,634 .,638 17,476 th Netherlands Antilles. iname included December 31, 1975, Arabia, and Kuwait, Oman, Qatar Saudi Includes Bahrain, Iran, Irai States). ial (Ti the United Arab Emirates and Nigerva Includes Algeria, Gabon, Libya, Not available. p Preliminary Less than 5500,000. Th'r ou gh 1 98 Treasury Bulletin CAPITAL MOVEMENTSSection IV - Liabilities to Foreigners Table CM-IV-S. - Reported by Nonbanking Business Enterprises Total Liabilities by Type and Country as of arch 31, in the United States 1981 Prelimiaary 99 August 1981 .CAPITAL MOVEMENTS Section V - Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States Table CM-V-1. - Total Claims by Type (In millions of dollars) 100 Treasury Bulletin CAPITAL MOVEMENTSSection V - Claims on Foreigners Reported by Nonbanking Business Enterprises Table CM-V-2. - Total Claims by Country in the United States August 1981 101 -CAPITAL MOVEMENTSSection V Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States Table CM-V-3. Total Claims by Type and Country as at (Position in millio: Totai claims (1> March of dollars) 31, 1981 Pt»li«in«ry Treasury Bulletin 102 .CAPITAL MOVEMENTS. - Transactions in Long-Term Secorities by Foreigners Reported by Banks and Brokers in the United States Foreign Pnrchases and Sales of Long-Term Domestic Securities by Type Section 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 States) 103 August 1981 CAPITAL MOVEMENTSSection VI Table CM-VI-3. - - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country foreigners or a net outflow of capital (In jillUons of dollars; negative figures Indicate net sales by tf the United States) 104 Treasury Bulletin -CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-4. - Estimated Foreign Holdings of Marketable Treasary Bonds and Notes by Country (Position at end of period in millions of dollars) 105 August 1981 -CAPITAL MOVEMENTS- Section VI - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds, Other than Treasury Bonds and Notes, by Coantry illions of dollars f by_ fo igun of capi il from the United through Jun. Europe Austria Belgium-Luxembourg Bulgaria Czechoslovakia Denmark Finland France German Democratic Republic Germany Greece Hungary Italy Netherlands Norway Poland Portugal Romania p : -10 129 -20 Spain Sweden Switzerland Turkey United Kingdom U.S.S.R Yugoslavia Other Europe 2<i -202 -118 109 "10 8K ^56 9 Total Europe Canada : Latin America and Car ibbean: Argentina Bahamas Bermuda Brazil British West Indies Chile Colombia Cuba Ecuador Guatemal Jamaica Mexico Netherlands Antilles Panaina ' Peru Trinidad and Tobago Urxjguay Venezuela Other Latin America and Caribbean Total Latin America and Caribbean Asia : China: Mainland Taiwan Hong Kong India Indonesia Israel Japan Korea Lebanon Malaysia Pakistan Phil ippines Singapore Syria Thailand Oil-exporting countries Other Asia -1 -152 1^/. Total Asia., Africa Egypt Ghana Liberia Msrocco South Africa Zaire Oil-exporting countries 2/ Other Africa : Total Africa. Other countries Australia. All other . . Total other countries., Total foreign countries. Internati onal and regional: International European reg ional Latin American regional,... Asian regional African regional Middle Eastern regional... 313 110 Total International and regional Grand total. 1/ ~ Includes 8«hr«in, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (Truclal States). 2/ p Includes Algeria, Gabon, Libya and Nigeria. n.a. * Less than S500.000. Preliminary. Not available. 106 Treasury Bulletin -CAPITAL MOVEMENTS- - Tramsaetiont in LoBf-Tara Sacaritiaa by Foreigners Reported by Banka and Brokers in the United States T^bl'e CM-VI-6. - Net Foreign, TraBsactij>;ps in Domestic Stocks by Country Saetion VI (In millions of dollars; negative figures indicate net salt: ay foreigners or a net outflow of capital from the United State 107 August 1981 -CAPITAL MOVEMENTSSection VI - Table CM-Vl-7. - (In Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Net Foreign Transactions ia Long-Term Foreign Bonds by Country nllUons of dollars; neeitivc figures Indicate net sales bv foreigners or a net outflow of capital from the United Sutes) Treasury Bulletin 108 -CAPITAL MOVEMENTSSection VI - Tranaactione in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-8. - Net Foreig (In 109 August 1981 -CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners Reported by Banks and Brokers in the United States Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities, by Type and Country, Daring June 1981 Preliminary no Treasury Bulletin -CAPITAL MOVEMENTSSection 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 1980 111 August 1981 -FOREIGN CURRENCY POSITIONS. Background positions of banks 1974 since the on partnerships, foreign in the majority- majority-owned and foreign firms nonbanking and and on those of foreign branches, United States, owned collected have been Data currency foreign subsidiaries of United States banks and nonbanking firms. Reports cover nine major foreign exchange market currencies Reporting has been and United States dollars held abroad. pursuant required Title to Public of 11 Law amendement to the Par Value Modification Act, on Bulletin The forms report Instructions and those or one more institutions nonbanking the in own more indirectly, "Majority-owned concerns United than percent 50 directly profit subsidiaries" foreign nonprofit or States, or interest. foreign are corporations in which one or more nonbanking business concerns or nonprofit institutions located in the United States directly or indirectly own stock with more than Statistics beginning with data for December 1975. , are an 93-110, in the Treasury the positions will be published monthly partnerships" foreign of September 1973, and implementing Treasury regulations. 21, "Majority-owned organized under the laws of a foreign country in which percent 50 classes of total the stock of combined voting power of all entitled or vote, to more than 50 percent of the total value of all classes of stock. used the in Reporting Threshold collection of bank data were revised effective with reports as of November October 31, 1978 1, 1978 the weekly for , the monthly reports. foreign currency for The most recent revision of the nonbank forms became effective as of below) (see the last business day of September 1978. on the forms, and as of reports, (the last business day of the month), Among the changes the Belgian franc was deleted as a reporting The exemption level applicable to banks and banking institutions is $10 million equivalent. applicable level nonbanking to The exemption business concerns and nonprofit institutions was $1 million equivalent on all nonbank forms from March 1975 through November 1976. was raised to million $2 equivalent on the reports of positions held in the United States. currency. It monthly From November 1976 through September 1978 the exemption level was raised to $3 million on foreign subsidiary positions Common Definitions and Concepts June 31, on for positions held 1977 and in the United States on September 30, 1978. The term "United States" means the States of thp United States, the District of Columbia, the Commonwealth of Puerto American Samoa, Rico, the Canal Zone, other than the Island, the The term "foreign" means Virgin Islands, and Wake Island. locations Midway "United States", term The "worldwide" is used to describe the sum of "United States" and "foreign" data. Data for the United States mr^iude amounts reported by branches and subsidiaries United States including the U.S. in the case of "nonbanking of foreign nonbanking concerns, and positions", agencies, the branches, and subsidiaries located in the United States of foreign banks and banking report entire their currency foreign United States dollar equivalent value is reached in any category of assets, liabilities, exchange contracts bought and sold, or the net position in the currency. In general, exemption levels are applied to the entire firm sole proprietorships, partnerships, and corporations in the firms' Firms must position in a specified foreign currency if a specified institutions, in the case monthly "bank positions". Data for "foreign bratiches" of the weekly and m United the branch States separately and subsidiary. or majority-owned branches, each foreign their foreign to reports In on partnerships foreign and majority-owned foreign subsidiaries. United States banks and nonbanks are required dollar - denaminated to report the United States liabilities, assets, contracts bought and sold, exchange and net positions of those branches, partnerships, and subsidiaries with reportable ana "abrjad" include positions in the specified foreign currencies. amounts reported partnerships and subsidiaries majority-owned States banking and nonbanking concerns. data do u A reflect the majority-owned branches, the by of United In general, these Description of Statistics positions of foreign parents or foreign parents' subsidiaries located abroad except through Data collected on the foreign forms are published in the Treasury Bulletin in nine intercompany The accounts. data include the subsidiaries of a few foreign-owned U.S. based corporations. Assets, data are liabilities, and foreign exchange contract reported on the basis of time remaining to sections. The first Treasury section foreign currency presents summary a of worldwide net reported. Sections II through VIII each present data on positions in all of currencies the Section IX presents the maturity as of the date of the report, regardless of the a original maturity of the instrument United States dollar positions of the foreign branches involved. means due for receipt or delivery within days from the date of the report. maturing in 1 2 "Spot" business "Short-terra" means year or less from the date of the report. Specified foreign currency. and subsidiaries required to of report foreign currencies. United in one States or more firms of the which are specified 112 Treasury Bulletin FOREIGN CURRENCY POSITIONS Section I - Summary Positions Table FCP-I-1. - Nonbanking Firms' Positions (In niillions of foreign currency units) Report Date Canadian 1/ August 1981 113 FOREIGN CURRENCY POSITIONS Section Canadian Dollar Positions - II Table FCP-II-1. f Position at end Liquid assets 2/ of month (I) Oct. Dec. 1980 Shorl-term Lrade Shortterm debt _3/ (2) Receivables (31 Payabies - Nonbanking Firms' Positions Tn millions of lire) Other assets 6/ "" Other liahilities 7/ Forward exchange S/ Bought Sold (7) (g) Net Fs- Q/ Position ~ change rate 10/ Positions held by offices in: _5/ (4) C) (ft) (0) (in) 4,437 3^,717 J4,R24 TO.f.'.S f.7,?'»f, n,4l( l"in,'J7l l<)7,42h -70,161 000.4=. United States 3,592 37,536 41,850 28,238 67,146 31,486 162,358 203,762 -26,076 914.50 United States n.a. n.a. n.a. n.a. rS, 049, 484 r2, 252, 236 r3. 636, 815 ri, 101,904 28,595 55,311 23,405 318,497 134,057 283.443 45,031 142, 15S r2, 434, 119 754 929.00 929.00 Abroad United States r799,9I4 rl, 772. 485 r5, 094, 515 r2, 280,821 r3, 692, 126 r3, 125, 309 452,554 425.601 r2. 434, 893 929.00 Worldwide Treasury Bulletin 114 .FOREIGN CURRENCY POSITIONSSection II Table FCP-II-3. - - Canadian Dollar Positions Consolidated Monthly Bank Positions (In milliuiis of CanaJ laix^ joi ^ars Balance sheet it^ms J _ Foreien exchanee contracts 20/ End Net of Assets 19/ Liabilictes Net month overall position 21/ C3) C6) Demand/spot 3 days-l month Ov«^r 1 month-3 months Over 3 months-6 months Over 6 month s-1 vear Over 1 year (7) Total of all maturities... C8) Capital assets, (9) Summary ((7) (U (6) Demand /spot 3 days-I month Over 1 month-3 months Over 3 months-6 months Over 6 month s-1 year Over 1 year (7) Total of all maturities.... (8) Capital assets, liabilities C9) Summary ((7) ( I ) (2) C3) (4) C 5) (2) (3) (4) 1 5) ( 1 ) (2) (3) C4} C 5) ( b) + * (8) Capital assets, liabilities (9) R.jmmary (b) (7) Total of all maturities... (8) Capital assets, (9) Summary ((7) (1) (2) (3) (4) (5) (6) Demand /spot 3 days-l month Over 1 month-3 months Over 3 inonths-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities... (8) Capital assets, (9) Summary ((7) + (8)) CD (2) (3) (4) (5) {b) Demand/spot 3 days-l month Over I month-3 months Over 3 months-6 months Over 6 months-I vear Over 1 year (7) Total of all maturities.... (8) Capital assets, liabilities (9) Summary ((7) + (2) ( 5) r790 1,720 920 428 rS27 1,294 1,084 405 _ ,,-r ' 695 r719 •^99 1,675 944 408 1,275 1,275 323 itot 71"^ + (8)) Demand /spot 3 days-l month Over month-3 months Over 3 months-ft months Over b months-! year Over year ( 1 670 (8)) Total of all maturities.... (3) (4) -.g-. (8)) (7) (7) ~ 786 1,253 1,233 423 liabilitie Demand /spot 3 days-l month Over I month-3 months Over 3 months-6 months Over 6 months -1 year Over 1 year ( r866 1,669 933 i41 1 rl.Sft? 1,595 Q66 363 ) rl,495 1,199 989 415 r\T> 79S 1,133 1,808 930 404 , -,„ 1,354 1.353 ' 1 + Uabilitie {8)) ' 611 314 786 liahiUtie (fi)) 1,206 1,525 834 516 1,171 ni-f 775 ^ 6,314 1,076 820 326 rSn 115 August 1981 FOREIGN CURRENCY POSITIONS. III - French Franc Positions Table FCP-III-1. - Nonbanking Firms Section ^ Position at end of month Liquid assets 2/ ^ I" millions of French francs) Positions^/ )) ) reasury Bulletin 116 CURRENCY POSITIONS, ..FOREIGN Section Table FCP-III-3. III - French Franc Positions Consolidated Monthly Bank Positions ^i - ' In millions of French francs) Balance Sheet item End of Foreign exthanee contracts 20/ Net month Assets 19/ Liabilities (1) . . . (I) (2) (3) (A) (5) (6) Demand /spot J days-1 month Over I month-3 months Over 3 months-6 months Over 6 months-! year Over year (7) Total of all maturities.... (6) Capital assets, (9) Summary {(7) + (8)) . ( . I (2) (3) (6) (5) ( Capital assets, C9) Summary C(7) + (8)) liabilities. t5) (6) Demand /spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-l year Over I year (7) Total of all maturities r9,683 7,261 5,285 2,876 2,054 3,767 , (8) Capital assets, liabilities., (9) Summary ((7) + (8)) Demand /spot 3 days-1 month Over 1 month-3 months Over 3 raonths-6 months Over 6 raonths-l year Over 1 year (7> Total of all maturiCiea (8) Capital assets, (9) Summary ((7) + r32,nft? liabilities.. (8)) Demand /spot 3 days-1 month Over 1 raonth-3 months Over 3 months-6 months Over 6 months-l year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities.., (9) Summary (C7) + (8)) 6 Demand /spot 3 days-l month Over 1 month-3 months Over 3 months-6 months Over 6 months-l year Ove r 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary (C7) + (8)) C 1) (2) (3) (4) C5) ( r3n,926 r9,632 7,375 6,536 ?,950 1,767 3,7B2 (2) (3) (4) (5) (6) ( I 728 2,21U I (2) (3) (A) (5) (6) . 5,578 4,290 2,258 Demand /spot 3 days-1 month Over 1 month-3 months Over 3 raonths-6 months Over h months-1 year Over year (8) ( 1 ) . n 1,284 I liabilities. Total of all maturities (2) (3) (4) .K6 6,557 5.310 2,850 2,128 3,2 54 I (7) { 1 ) . . 6) rl (2) 10,355 8,61Q 5.912 2.992 1,983 3. 818 , 8,108 9,320 6,094 3,060 2,186 3,981 7 Net (3) Bought (4) Sold Net C5) (6) overall position 21/ (7) 117 August 1981 FOREIGN CURRENCY POSITIONS Section IV - Table FCP-IV-1. ( PO' - In ml German Mark Positions Nonbanking Firms' Positious I lions <if tnarWsl i' "° Treasury Bulletin FOREIGN CURRENCY POSITIONS, Section IV - Table FCP-IV-3. - ,^ End of month German Mark Positions Coneolidated Monthly Bank Positions w (In millions of marks) Balance sheet items Maturity ForeLg;^ exchange Assets _19/ (1) 1980-Oct Nov Dec ^eb Mar CI) (2) (3) (4) C5) (6) Demand/spot 3 days-l month Over I month-3 months Over 3 months-6 months..., Over 6 months-1 year Over 1 year (7) Total of all maturities... (8) Capital assets, liabilitie (9) Summary C(7) * (8)) (I) (2) (3) (4) (5) (6) Demand/spot 3 days-l month Over month-3 months.. Over 3 months-6 months. Over 6 months-1 year.,. Over 1 year (7) Total of all maturities.... (8) Capital assets, (9) Sunmiary ((7) + (8)) 1 liabilities (3) (4) (5) (6) Demand/spot 3 days-l month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over I year (7) Total of all maturities (8) Capital assets, (9) Summary ((7) ^ (8)) (I) (2) liabilities. (7) Total of all maturities (8) Capital assets, (9) Summary ((7) + (8)) liabilities. (2) (3) (4) (5) (6) Demand /spot 3 days-l month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities. (9) Suimnary ((7) + (8)) (] CD Deraand/s pot (2) (3) (4) C5) (6) days-l month Over 1 month-3 months.. Over 3 raonths-6 months. Over 6 months-1 year... Over 1 year (7) Total of all maturities (8) Capital assets, (9) Summary (C7) •l.t^a r2,433 r-i,300 ^72,091 r65.266 r6,825 '"71,653 r63,620 r«,n33 rl,451 r73,i04 3 + liabilities (8)) 76 ^qf) 1,274 rl5l,590 c ontracts 20/ August 1981 119 FOREIGN CURRENCY POSITIONS V - Italian Table FCP-V-1. - Nonbanking Firms Section Lira Positions Positions^/ (In millions uf Canddian dollar-s> Forward exchange 8/ Short-term trade Position atend of monLh Liquid assets 2/ Shortterra debt 3/ Receivables 4/ PayabLes 5/ Other assets 6/ Net Other I labi 1- BouehC Sold Position ities 7/ Exchange rate 0/ 1 (9) Oct. _2./ (in) Posit ion held by offices i 120 Section VI - Japanese Yen Positions Table FCP-VI-1. - Nonbanking Firms (In millions of ven) Poi Treasury Bulletin FOREIGN CURRENCY POSITIONS Positions 1/ August 1981 121 FOREIGN CURRENCY POSITIONS Section VI Table FCP-VI-3. - Japanese Yen Positions Consolidated Monthly Bank Positions - {In mill ions of ven ii/ ^ Worldwide Fo reign exchange contracts 20/ slance sheet items End of month Net Assets I'*/ Liahil overal 1 position 21/ Bought It ies (4) (1) (2) (3) (4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities.... (8) Capital assets, (9) Summary ((7) (1) (2) (3) (4) (5) (6) Demand/spot 3 daye-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over I year (7) Total of all maturities (8) Capital assets, liabilities.... (9) Summary ((7) (1) (2) (3) <4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 month8-6 months Over 6 months-l year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities.... (9) Summary ((7) CI) (2) (3) (4) (5) (6) Demand/spot 3 days-1 month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities.... (9) Summary ((7) (1) (2) (5) (6) Demand/spot 3 days-1 month Over I month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, (9) Summary ((7) (1) (2) (3) (4) (5) (6) Demand/spot 3 days-1 month Over I month-3 months Over 3 months-6 months Over 6 months-1 year Over I year 613,790 1,030,526 885,239 152,025 58,308 155,370 (7) Total of all maturities 2,895,258 (8) Capital assets, (9) Summary ((7) + (8)) (3) (4) '. rA82,ln4 «57,7i)7 815,423 271,486 61,305 121,149 r2, 609, 264 liabilities (8)) (8)) + t * (8)) (8)) liabilities.... r598,ll6 792,570 896,677 304,034 43,906 125,285 r2, 760, 588 r46,330 r2, 806, 918 r565,342 966,127 871,086 251,335 45,531 134,068 r2, 833, 489 r40,239 r2. 873, 728 r470,114 949,937 922,494 209,245 44,886 140,770 r2, 737, 446 r44,573 r2, 782, 019 516,506 937,480 925,410 216,265 52,603 145,174 2,793,438 44,451 (8)) liabilities.... 48,226 2,943,484 r703,711 758,265 393,887 157,485 41,569 96,131 99,512 421,5 36 114,001 19,736 25,018 r613,277 r629,320 r2, 633, 786 r3, 213, 391 rl, 794, 946 r2, 781, 067 r3, 400. 495 rl, 864, 878 r802,377 rl92,846 r777,438 238,438 r-16,043 r-l47,2RI r-187,l04 r-69,932 r24,939 r-45,592 r-237,650 r-47,749 r234,432 r44,069 r44,675 r-20,574 122 Treasury Bulletin FOREIGN CURRENCY POSITIONSSection VII - Swiss Franc Positions Table FCP-VH-l. - Nonbanking Firms' (In millions of Swiss ?o: francs) Positions!'' 125 August 1981 FOREIGN CURRENCY POSITIONSSection VII Table FCP-VII-3. - Swiss Franc Positions Consolidated Monthly Bank Positions]^^/ - i In miltions of Swiss franct^ . . Wor IdwiHe Foreign exchaneg contracts 20/ Balance Sheet items End of month Net Assets !<?/ (3) (4) (5) (6) (7) (8) Capital assets, liabilities.. (9) Summary ((7) (1) (2) (3) iU) (5) (6) Demand/spot 3 days-1 month Over 1 raonth-3 months Over 3 months-6 months Over 6 montha-l year Over year (7) Total of all maturities (8) Capital assets, liabilities.. (9) Summary ((7) (1) (2) (3) (4) (5) (6) Demand /spot 3 daya-1 month Over month-3 months Over 3 months-6 months months-1 year Over Over 1 year (7) Total of all maturities (8) Capital assets, (9) Summary ((7) . CD C6) Demand /spot 3 days-l month Over I raonth-3 months Over 3 months-ft months Over 6 months-1 year Over year (7) Total of all maturities (8) Capital assets, liabilities. (9) Summary ((7) (I) (2) (4) (5) (6) Demand/spot 3 days-1 month Over I raonth-3 months Over 3 months-6 months Over 6 months-1 year Over I year (7) Total of all maturities (8) Capital assets, liabilities. (9) Summary ((7) * (8)) (1) (2) (3) (4) (5) C6) Demand/apot 3 days-l month Over 1 month -3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities. (9) Summary ((7) (2) C3) C4) C5) . (3) . (4) 2,627 r23,Rn3 r20,376 r-407 -704 997 2,092 783 666 r3,427 rl 1,300 1,591 r2,443 6.263 5,667 3,234 808 r3, 122 r48,037 1,961 r24,23« (8)) BouRht '31 r:,n36 5,559 6,664 5,326 Demand/spot 3 days-1 month Over I month-3 months Over 3 raonths-6 months Over 6 months-1 year Over 1 year Total of all maturities (2) Net (2) (1) (1) Liabilities r8,ri79 r9,589 rl4,33S r4,108 623 r48,037 Sold Net (51 (ft) r8,425 rl 1,123 rl4,729 rl2,707 r4,224 605 r5l,813 r-753 -2,238 r606 r685 18 6S4 r-349 r-3,776 r2,555 r4ft,ft50 r2J,32J (8)) r50,576 I ft 1 iabil i tes . . . (8)) t (8)) * (8)) r5a,6Sft r27.543 r28,004 27,668 r23,344 4,541 59,130 63,905 (7) r-346 r-l,534 r-391 r-1,407 -116 1 » overal position 21/ r-5,2«0 667 Treasury Bulletin 124 .FOREIGN CURRENCY POSITIONS, Section VIII Table FCP-VIII-1. - - Sterling Positions Nonbanking Firms' Positions^/ (In miltiona of pounds) August 1981 125 -FOREIGN CURRENCY POSITIONS. Section VIII Table ^ End of roonLh FCP-VIII-3. - - Sterling Positions Consolidated Monthly Bank Positions. (In miltions of St prl ing pounds ) 126 Treasury Bulletin .FOREIGN CURRENCY PnoiTinMo Section IX Table FCP-IX-1. United States - Dollar Nonbanking Firms - Positions Abroad Foreign Subsidiaries' Positions (Tn millions of United States dollars) Position ^t end ' of month • - '- Hquid assets 2/ °rt-term fade Shortterm debt!/ '"•- ^-'' Receiv- Pay- ablest/ ahLs/ f^' f^' '^'^^ '-^^ Table FCP-IX-2. _4 - Forward exchange 8/ ^^^^^ assets " ft/ f5) ^:«;:^« liihn . " v, \\tTll ities 7/ (6) (7) ^ie:^o! i;^i: Weekly Bank Foreign Office ,,. "" Net Exchange rate position ^Z W («) -^? (10) i:r -^:^^^ Posi. fin mill ions of United Stares dollars) "" Net assets and liabilities Net exchange contracts 13/ (1) 10/01/80 10/08/80 10/15/80 position (2) _6 n,o •"•'' .''U' '"' 1.230 1,196 '"'"''o -»:ii5 'ii^s? J:«; 11/05/80 .s .'-"^^ '."l 1.565 .1:111 ifi -r'ii^ U/12/80 "/i'/8o l'/"/80 12/03/80 12/10/80 12/17/80 12/24/80 n«,t .B„. ^ Ig'aJi '".J" '"•"" 2,ua -"O 1,610 ..oUo .u-Vi° -10,660 01/07/81 _,o iii 01/U/8I l"A\t -9,538 ni/ll/oi 01/28/81 02/04/81 02/11/81 02/18/81 02/25/81 03/04/81 03/11/81 03/18/81 03/25/81 -•>!>., '«53 _, I • 1,620 1,603 i[_57i 911 '1.'52 10,896 1,338 it^ '^''" 11,683 , 1.232 1,830 ,o£ .ti'^?t '?-''J '"3 : '''" _,n TQi 13,210 '2.9". '3.'"5 12,967 i.,24 2,029 1,631 1.604 ?-"J •"' '2.185 '2,713 1.794 .fiifj '".5« 13.?il 12,634 1.927 2,089 . . Position held by offices i i.„7 r::^ August 1981 127 -FOREIGN CURRENCY POSITIONSSection IX United States Dollar Positions Abroad - Ttble FCP-IX-3. Monthly Bank Foreign Office Positions;^/ - (In. millions of United States dollars) End Maturity of month overall (1) 1980-Oct Nov Dec 1981-Jan Feb Mar Net Foreign exchange contracts Balance sheet items Assets 19/ (5) (6) Demand/spot 3 days-l month month-3 months Over Over 3 month3-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary ((7) + (8)) (1) (2) (3) (4) (5) (6) Demand/spot 3 days-l month Over 1 month-3 months Over 3 month8-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary ((7) (1) (2) (3) (4) C5) (6) Demand/spot 3 days-I month Over 1 month-3 months Over 3 months-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary ((7) (1) (2) (3) (4) (5) (6) Demand/spot 3 days-l month Over 1 month-3 months Over 3 month8-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary ((7) (1) (2) C3) (4) (5) (6) Demand/spot 3 days-l month Over 1 month-3 months Over 3 months-6 months Over 6 months-l year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Sunmary (<7) (1) (2) (3) (4) (5) (6) Demand /a pot 3 days-l month Over 1 month-3 months Over 3 month8-6 months Over 6 months-1 year Over 1 year (7) Total of all maturities (8) Capital assets, liabilities... (9) Summary ((7) (1) (2) (3) (A) 1 29,107 58,841 73,931 49,564 11,952 19,168 Liabilities (2) 49,489 74,199 72,500 39,918 8,538 5,347 Net (4) (3) -20,382 -15,358 1,431 9,646 3.414 13,821 17,713 1,120 42,074 40,145 16,475 4,569 4 (5) (6) 17,315 37,413 39,918 37,629 16,869 3,687 398 3,707 2,156 2,516 -394 882 poSLt ion 21/ -19.984 -11.651 3.587 12,162 3,020 14,703 162,096 631 2,967 3,421 2,576 -436 820 -20,406 -6,815 3,670 9,668 -21,037 -9,782 18,732 18,101 11,885 18,917 57,556 73,075 70,778 39,361 9,943 5,578 249 7,092 1,942 13,339 37,520 44,560 43,782 16,592 4,374 34,553 41,139 41,206 17,028 3,554 248,094 256,291 -8.197 165,560 155,581 165,560 155,581 9,979 13,278 37,434 46,054 39,573 15,124 4.052 12.625 32,702 42,167 36,959 653 4,732 3,887 2,614 -267 -20,227 -10,311 6,390 9,166 769 16,318 36,519 63,293 71,027 46,453 34.280 66,825 72.394 49,804 11,520 20,626 55,160 81,868 69,891 43,252 11,715 5,077 -20,880 -15,043 2,503 6,552 -195 15,549 15,391 3.283 155.515 38,322 180.502 143.127 1,506 14,159 1,782 12.388 255,449 (8)) (81) Net 1,837 -7,997 (8)) (8)) Sold 242,563 (8)) • Bought 12.388 -462 Treasury Bulletin 128 .FOREIGN CURRENCY POSITIONS. Footnotes 1/ Worldwide net positions on the last business day of the 6/ All current assets other than liquid assets and short- calendar quarter of nonbanking business concerns in the term trade receivables, and financial assets maturing in United States and their foreign branches and majority- more owned intracompany accounts, partnerships and subsidiaries. Excludes than one year from receivables and installment paper which have been sold term trade receivables, or discounted before maturity, and stocks, U.S. parent companies' investment in their majority-owned foreign subsidiaries, assets fixed (plant and equipment) and (plant bonds, and the report inventories, . Includes long- long-term intracompany claims, and other securities. equipment) and parents' majority-owned foreign subsidiaries capitalized date prepayments, Fixed assets investment in are excluded. leases for plant and equipment. 7/ 2/ Foreign branches and majority-owned partnerships All financial liabilities other than short-term debt and short-term trade payables; includes long-term trade pay- and subsidiaries only. ables; intracompany liabilities, accrued expenses, and liabilities 3/ Weekly worldwide institutions branches net positions of the United States, in and majority-owned and foreign banking report date. their foreign excluded. 8/ more than one year from the Outstanding amounts of foreign exchange which have been contracted 5/ in Capitalized plant and equipment leases are subsidiaries. Excludes capital assets and liabilities. V maturing and banks Foreign branches and majority-owned subsidiaries only. Monthly worldwide net positions including capital assets 9/ and liabilities on the last business day of the ia>nth of banks and banking institutions in the United States and their foreign branches and majority-owned subsidiaries. to be received or delivered in the future. Excludes spot exchange. Columns (1),{3),{5), and (7) less columns (2), (A), (6), and (8). 10/ Representative rates on the report date. Canadian dollar and United Kingdom pound rates are expressed in U.S. dollars per unit of foreign currency, all others in SECTIONS II THROUGH IX _!/ foreign units per U.S. dollar. Positions of nonbanking business concerns in the United States and their foreign branches partnerships and subsidiaries. and 11/ In section IX Banks and banking institutions in the United States and their foreign branches and majority-owned subsidiaries. majority-owned In positions of foreign branches and majority-owned partnerships and section . . foreign branches and majority-owned sub- sidiaries only. subsidiaries only. 2/ Includes unsettled spot foreign exchange purchase contracts, as well as currency, demand and time deposits, negotianie and other readily transferable financial instruments maturing in the report date, other parties accounts and Includes unsettled contracts, 13 / Includes both spot and forward exchange contracts. _14/ Sum of columns (3) and (8). 15 / Sum of columns {H) and (9). 16/ Sum of columns (5) and (10). 17/ See footnote 10. 18/ See footnote 11. year or less from on and demand. unaccepted Other trade loans, drafts are excluded. 3/ Excludes capital assets and liabilities. intracompany claims and loans to repayable receivable, 1 12 / spot intracompany foreign exchange sales other than short-term trade payables, short-term borrowings due in 1 year or less from the report date, and the current portion of long-term debt. Other loans, accrued expenses and liabilities, 19/ Fixed-rate loans are reported by time remaining to final maturity or the nearest call date, whichever is earlier, and floating-rate loans by time remaining to the nearest interest-fixing date. accounts payable are excluded. 20 / V Due in year or less; includes intracompany trade 1 receivables. Receivables and installment paper sold or remaining to the nearest option exercise date. Sum of columns (3) and (6). discounted before maturity are excluded. 21/ Due Revised, n.a. Not available. r 5/ Option forward exchange contracts are reported by time in payables. i year or less; includes intracompany trade 129 August 1981 JTNANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Government Corporationa and Other Treasury Circular Department December 20, 1972, and volume I, No. part Treasury Fiscal Requirements Manual 2, ^bd. Revised, dated chapter ^100 of the (Transmittal letter No. require Government agencies to submit business- type fi- 287) in pursuant to The circular was originally issued in 1^56 the authority of Section 114 of the Budget and of 1<^50 (31 U.S.C. Accounting Procedures Act the Treasury to prepare reports on Secretary of quires the 66b) which re- semiannual financial statements by all Government corpo- rations specifically Statements of income and earnings are required for bus iness- type activities only. The statements of financial condition for business- type activities appear in Section I, Table GA-I-1 and are published statements of financial condition The first semiannually. published under the revised circular were as of December 1972, applied to business-type activities only, the Bulletin. 31, and appeared Statements of finan- cial condition submitted annually by nonbusiness- type activ- Department Circular No. 966, Revised, requires submission of for all activities. in the May 1973 issue of the U.S. Government. the financial operations of required retained of the Treasury for use in compiling financial reports of the Government. StaLement* of financial condition the Treasury Bulletin. are nancial statements and related information to the Department U.S. Activities subject to the Government Corporation ities were published together with business- type activities in Section 1, Table GA-I-I In the January 1974 issue of Loans shown on the agencies' Bulletin. the statements of finan- Control Act, as ^amended (31 U.S.C. 846, 856) and any wholly cial condition and held by the agencies, and loans guaranteed corporations subsequently brought and insured by the agencies are reported on a quarterly basis. of the act, and all other activities The first quarterly table on this Federal credit data, which owned and mixed-ownership under provisions the operating as revolving funds. Other business-type activities was as of March 31, 1973, III-2 cies whose operations, services, or functions are largely self- semiannual statements liquidating or primarily whose activities result inventories, inves tments , of a revenue- producing nature or under income The first and retained earnings sub- the revised circular were for the period July through December 31, 1972, and appeared in Section I, 1972, Reg- 1, Table GA-I-2 in the June 1973 issue of the Bulletin. and other recoverable assets. a nonbusiness- type nature, are required to report on an annual basis. ^ mitted of in the accumulation of substantial ular governmental activities, which are of Two in the appeared in Section III, Table GA- August 1973 issue of the Bulletin. required to report semiannually include activities and agen- basic kinds of financial statements are called for by Department Circular No. 966, Revised ; and they are published All revolving funds shown in the statements are noted to indicate whether they are public enterprise funds, intragovemmental trust revolving funds; and trust funds are funds, or noted. Direct also sales and repurchases of loans are published on a monthly basis in Section IL, Table GA-Il-1. 130 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981 - ( In thousands of dollars Legislative Branch Funds appropriated to the President Appalachian regional development programs Total 1/ International security assistance Appalachian housing fund Government Printing Office (IR) Liquidation of foreign military Executive (PE) sales fund Funds transferred to others (PE) IMCOME AND EXPEMSE Income: Sales of goods Sales of services Insurance and guarantee premiums. Interest income Other Income 25,098,578 6,563,725 1,578,332 10,155,143 2.607.538 26,127 339,977 1,001 2,682 18,483 255,192 3.870 2,0 30 23,981 Total Income. 46.003,316 281,228 26,911 Expense Cost of goods sold. 27,788,433 345,986 Interest expense: Treasury borrowings. Federal securities,. Other 1,536,472 566,251 3,405,128 Other expenses: Administrative Depreciation Other operating expenses. Other Total expense. 988,154 254,175 4,650,508 2,377,804 13,609 2,112 41,566,926 361,707 7,549 167 5,353 47,142 61,632 Income or expenses (-) before extraordinary ^ Items 26,911 Extraordinary Income and expense (-): Gain or loss (-) on disposition of assets Other Total extraordinary income and expense (-).. Net income or expense (-) before distribution. ANALYSIS OF CHAMGK TM mTAINFD Opening balance Net income or expense \-S'.\'.'.', Adjustments for prior periods. Distribution of Income: Dividends Other 2,222 -951,900 -949, ()78 3,486,713 4,424 fkKfi \^ r.-i -22,537,824r 3,486,713 4,522,306 101,532 4,424 2,967,274 219,470 522 -5,249 -23 38,314 26,911 -37,274 -6,020,756 Closing balance. 105,956 38,387 Footnotes at end of Section. 38,314 73 August 1981 131 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued 132 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. Activities Statements of Income and Retained Earnings October 1,1980 through March 31, 1981 -Continued - 133 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - (In thou£and£ of dollars) Agriculture Department: Farmers Home Admini strat io Credit Corpora tior Ag icultural Ural Stabilizat io Electrind Conserfication ation Servic^ Administrat ior Public Agricultural Funds Total enterpr ise credit Memo transferred 5/ revolving insurance Kural iund to others fund fund (PE) transferred coramunicat Ion frbm others development Commodity fund (PE) Credit Corpora t io .ommr,i3icy Total 3/ Federal Crop Insurance Corporation (PE) 6/ IMCOME AND EXPENSE Sales of goods Sales of services Instirance and guarantee premitims. Interest Income Other Income Total inccDme. 145, 9'5 67,224 158,089 1,684,818 13,803 ,289,<)06 156,273 3 72 2')6,88i) 1 168 1,817 ,386,883 718,344 515 '14 13,216 : 151., 34'' 18,626 Expense Cost of goods sold. Interest expense: Treastiry borrowings. 173,086 76,806 2,537,778 1,060,177 208,154 59,361 lh6,S43 1,215,764 -4,100,803 1,777,629 -497,138 -4, 100,-80 1,:",679 703,993 877,115 Federal securities. Other 5,439 7/ 2,551,848 Other expenses: Administrative Depreciation Other operating expenses. Other 251,689 1,606 992,498 1,105,650 Total expense. 6,390,712 2 387, Ibl 5,099 3,311 52 3,682 6,145 851,680 420,373 ,"21,509 Income or expenses (-) before extraordinary i terns 1, Extraordinary income and expense (-): Gain or loss (-) on disposition of assets,, Other Total extraordinary Income and expense (-). Net income or expense (-) before distribution ANALYSIS OF CHANGE IN RETAINED EAHNIN(g Opening balance Net income or expense (-) Adjustments for prior periods Distribution of income: Dividends Other Closing balance Footnotes at end of Section. -15,201,800 -4,100,780 4,432,628 -391,544 -264,013 162,402 -6,271,06 -2,065,4308/ 3,214,593 8,632,675 1 ,777,629 I ,OS5.f.32 -2,034,143 -497,138 297,032 10/ 2,2 34,249 Treasury Bulletin 134 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - ( In thousands of dollars 135 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - (In thousands of dollars) Treasury Bulletin 136 RINAMPIAI August 19 8 J .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Section I Table GA-I-2. - Statements of Income and Retained Earnings October 1, i 980 through March 31,1981-Continued - (In th"uEands of dollars) Defense Department "i^mmerce Department -Con. Science and Technical Kesearch Bureau of StandarHb Working capital fund CIR) National Technical Information Service INCOME AND EXPENSE Income: Sales of goods Sales of services Insurance and guarantee premiums Interest income Other income 23,238,255 2,563,571 38,570 3 Total income Expense Cost of goods sold Interest expense: Treasury borrowings Federal securi t les Other Other expenses: Administrative Depreciation Other operating expenses Other U,35ti b,8 3 3 9,2A3 13 Total expense Income or expenses (-) before extraordinary i terns Extraordinary Income and expense (-): Gain or loss (-) on disposition of assets,. Other Total extraordinary income and expense {-). Net Income or expense (-) before distribution, 2,071 ANALYSIS OF CHANGE IN RETAINED EARNINGS Opening balance Net income or expense { -) Adjustments for prior periods Distribution of Income: Dividends Other Closing balance Footnotes at end of Section. 686 98 -1A8 138 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued {In Lhiousandf of dollars) 139 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - (In th<'U£and£ of dollars) Treasury Bulletin 140 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - (In thousands of dollars) 141 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued (In UiousandE of dollars) 142 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued {In thousands of dollars) Education Department-Con, Energy Department .Health educa^ t ion assistance loan fund (PE) Memo: Funds transferred from others INCCME AND EXPENSE Sales of goods Sales of services Insurance and guarantee premiums. Interest Income Other Inctwie 304 Total income. Expense Cost of goods sold. 20,270 Interest expense: Treasury borrowings. Federal aecuritles.. Other Other expenses: Administrative Depreciation Other ojjeratlng expenses. Other 1,A80 19,887 180,708 27,819 Total expense. Income or expenses (-) before extraordinary items Extraordinary Income and expense (-): Gain or loss (-) on disposition of assets... Other Total extraordinary Income and expense f-). Net Income or expense (-) before distribution ANALYSIS OF CHANGE IN RETAINED EARWTNr.S Opening balance Net income or expense (-) Adjustments for prior periods. Distribution of income; Dividends Other Closing balance. Footnotes at end of Section. 140 33 August 1981 143 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued (In thoutandt- of dollars) 144 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued ( In thousands of dollars Heal th and Housing and Urban Development Department Hurr Heal th Resources Admin i s tra t ion -Continue Health professions education Nurses training fund (PE) fund (PE) Office of assis tant secretary for health Housing Programs Office of the secretary Working Service and supply Total capi ta I fund (IR) 5/ Federal Housing Administration revolving fund (PE) fund (IR) INCOME AND EXPENSE Sales of goods Sales of services Insurance and guarantee Interest Income Other Inconie 1,542 n,7SJ 17,147 361,596 409,560 20,698 prenilujiis. 349,315 88,744 1,494 217,927 20,703 158,674 14,141 Kio 001 Total income. Expense 149,315 165,238 13,091 : Cost of goods sold. Interest expense; Treasury borrowings. Federal securities,. Other 577,173 40,445 Other expenses: 125,023 Administrative Depreciation Other operatllig expenses. Other MO 188 U,917 292,929 173,716 2,039 170,159 ,i22,860 533,323 Total expense. Income or expenses (-) before extraordinary 1 terns Extraordinary income and expense (-): Gain or loss (-) on disposition of assets. Other Total extraordinary income and expense (-) Net income or expense ( -) -3,? 56 before distributio ANALYSIS OF CHANGE IN RETAINED EARNIN(iS Opening balance Net income or expense ( -) Adjustments for prior periods Distribution of income: Dividends Other Closing balance Footnotes at end of Section. 7,804 1,959 69 252 11,391 -252 -18 -26,459,229 -370,103 -567 -9,973,671 18,077 -585 -3,108,964 -11,783 -585 -37,160 H.ljl -26,867,078 143 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued I In thr.usands of dollars) Treasury Bulletin 146 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued ( In thousands of dollars 147 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued Table GA-I-2. - 148 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. Activities Statements of Income and Retained Earnings Octobeii 1,1980 through March 31,1981-Continued - (In thousands of dollars) Interior Department Water and Power Resources Service tower Colorado River Basin fund fPE) Funds transferred to others Bureau of Mines Hel ium fund (PEi inccm: and expemse Income: Sales of goods Sales of services Insurance and guarantee premiums. Interest income Other Income u Total income. Expense Cost of goods eold. Interest expense: Treasury borrowings. Federal securities, Other " Other expenses: Administrative Depreciation Other operating expenses. Other Total expense. .^,101 Income or expenses (-) before extraordinary items Extraordinary income and expense (-): Gain or loss (-) on disposition of assets Other Total extraordinary income and expense (-). Net income or expense (-) before distribution 7,1^1 ANALYSIS O F CHANCE IN RETAINED FARMTHP.q Opening balance Net income or expense {-) Adjustments for prior periods. Distribution of Income: Dividends Other 55,750 ^171 -1,585 -280 Closing balance. -1,665 Footnotes at end of Section. - Continued 149 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued (In thousands of dollars) 150 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS '''''" Business-Type Activities lable GA-I-2. ^"'"Table''GTr2"%'. ?''°"*"°r/"*' Statements of Income and Retained Earnings - October 1,1980 through March ( Justice Department Continued Office of Justice Assistance, Research, and Statistics Operation Sting (PE) INCOME AMD EXFENSF Income: Sales of gcxxls Sales of services Inmirance and guarantee Interest Income Other Income ^_ 25 premixjiiis! Total income. Expense Cost of goods eold. Interest expense: Treasury borrowings. Federal securities. Other Other expenses: Administrative Depreciation \\ Other operating expenses. Other Total expense Income or expenses {-) before extraordinary 1 terns .' ^ Extraordinary Income and expense (-): Gain or loss (.) on disposition of assets utner Total extraordinary income and expense (-). Net Income or expense (-) before distribution ANALYSIS OF CHAW.K TM BtTAINKn Opening balance Net Income or expense -),'.,',' I Adjustments for prior periods Distribution of Income: Dividends Other Closing balance. Footnotes at end of Section. FtBMTMr-..; 195 88 31. 1981-Continued In thousands of dollars) August 1981 151 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued (In thousandE of dollars) Treasury Bulletin 132 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31,1981-Continued (In thousands of dollars) August 1981 153 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued 134 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. - Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981 -Continued (In Utousande of dollars) Veterans Administration Loan guaranty revolving Direct loan revolving Canteen service revolving fund (PE) fund (PE) fund (PE) Service disabled veterans insurance fund - Continued Veterans reopened insurance Vocational rehabil i fund (PE) revolving Veterans Administration education loan fund (PE) fund (PE) (PE) tat ion INCOME AND EXPENSE Sales of goods Sales of services Insurance and guarantee premiums. Interest Income Other income 79,512 2,156 14,174 31.007 11,8 54 Total incoiDe. 15,054 707 10,654 19,634 297 16,185 7,766 16,620 13,711 -153,339 -8,752 3,076 41,221 -245 5,t)43 :o,'-tq? 81,723 Expense Cost of goods sold. Interest expense: Treasury borrowings. Federal aecuri t les Other 3,879 2,188 , Other expenses: Adjninistrative 20,789 Depreciation Other operating expenses. Other Total expense. 751 1 7 , .' 1 2! 22,172 220 50,514 i,30i 5,380 80, 3 3=* 1 , 384 Income or expenses (-) before extraordinary i terns 14,68 Extraordinary Income and expense (-): Gain or loss Other (-) on disposition of assets.. Total extraordinary income and expense (-). Net income or expense (-) before distribution 14,147 ANALYSIS OF CHANGE IN RETAIHED EARNINGS Opening balance Net income or expense ( -) Adjustments for prior periods Distribution of income; Dividends Other Closing balance Footnotes at end of Section. -164,133 14,347 272,581 14,689 36,910 1,368 -73 68,985 -1 -21 68,964 153 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980through March 31, 1981 -Continued 156 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued - (In thousajidf of dollars) District of Columbia Loans and repayable advances ExportImport Bank of the United States CPE) INCOME AND EXPENSE Sales of goods Sales of services Ineurance and guarantee premiums. Interest Income Other Income 17,486 549,088 280 Total income. 066,853 Expense : Cost of goods sold. Interest expense: Treasury borrowings. Federal securities.. Other 10 Other expenses: Administrative Depreciation Other operating expenses. Other Total expense. Income or expenses (-) before extraordinary I terns Extraordinary Income and expense (-): Gain or loss (-) on disposition of assets Other Total extraordinary Income and expense (-).. Net Income or expense (-) before distribution. 26, S15 ANALYSIS OF CM^^.V IN RFTAIMFD EARNINGS Opening balance '..'.'..'.'.'.'... Net Income or expense -) Adjustments for prior periods Distribution of Income; Dividends Other ..^\\ ..[[[[[[[ ..[.. ( Closing balance Footnotes at end of Section. 114,957 26,515 137 August 1981 AGENCIES AND FUNDS. FINANCIAL OPERATIONS OF GOVERNMENT Section I - Government Corporations and Other Business-Type Activities Statements of Income and Retained Earnings Table GA-I-2. 31,1981-Continued October 1,1980 through March - ( In thousands of dollars Independent agencies General Services Administration Federal Home Loan Bank Board Revolving Federal Savings and Loan Insurance Corporation (PE) fund (PE) Automatic data processing Federal buildings fund fund (IR) (IR) Federal telecommunications fund (IR) EXPENSE Tfirnty and Sales of goods Sales of services Insxirance and guarantee premlijma. Interest income Other Income 1 236,203 220,706 7 7,588 2')6,20'! 220,706 106,450 56 Total income. 28,863 28,863 534,497 3,360 526,640 ,342,927 905,160 165 3,432 1,873,163 245,617 1,496 66,06^ Expense: 1,777,729 906,6 56 245,667 842,155 244,711 Cost of goods sold. Interest expense: Treasury borrowings. Federal securities.. Other 31,517 U/ Other expenses: 10,393 Administrative Depreciation Other operating expenses. Other 45,982 4,030 41.5BO 7 38,180 140,660 21,037 138,845 17,144 1,815 1 -105 ,435 244,966 825,146 220,757 Total expense Income or expenses (-) before extraordinary items 23,106 342,603 342,680 • Extraordinary income and expense ( -) 2,197 Gain or loss (-) on disposition of assets.. Other Total extraordinary income and expense (-).. Net Income or expense ( -) before distribution 237Twr 342,603 342,680 6,159,854 342,603 99,290 6,148,668 342 680 101,026 11,186 -76 -1,735 -4,989 50,214 -225 6,592,373 9,375 45,572 tWAl.YSTS OF CHANGE IN piTtTNFn F.ARmNOS Opening balance Net income or expense -) Adjustments for prior periods. Distribution of income: Dividend e Other ( Cloatng balance. Footnotes at end of Section. , 102 131 -90,236 23,106 -100 -66,387 -7^- -4,498 701 138 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, ( In thousands of dollars Independent agencies - Cont inued General Services Administration General supply fund (IR) Activities Statements of Income and Retained Earnings 1980through March 31, 1981-Continued Virgin Islands Corporation liquidation fund (PE) National Archives trust fund (TR) William Langer Jewel Bearing Plant revolving - Cont Construction services Working capital fund (IR) fund (IR) International Communication Agency fund IPE) IMCOME AND EXPENSF Income: Sales of goods Sales of services InSTorance and guarantee premiujns. Interest income Other Income Total Inco 511,656 114, ^'6 627,805 Expense: Cost of goods sold. 13,135 Interest expense: Treasury borrowings. Federal securities.. Other Other expenses: Administrative Depreciation Other operating expenses. Other 21 116 5 81 1,361 Total expense. 9,866 Income or expenses (-) before extraordinary i terns Extraordinary income and expense (-): Gain or loss (-) on disposition of assets Other Total extraordinary income and expense (-). 2,11^ Net income or expense (-) before distribution. ANALYSIS OF r.Vitir.y in RFTATHFn EAfiHTNr.S Opening balance Net Income or expense \ ~) ... ','.'.'., ...'. Adjustments for prior periods. ..,.......,, Distribution of Income: Dividends Other 75,64'J 28,145 6,032r -311 -125 Closing balance 103, Footnotes at end of Section. 7Qt, 5,597 395 20 7,606 -1,319 -40 -303 -33,025 -347 August 1981 159 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. October - 1, Activities Statements of Income and Retained Earnings 1980 through March 31, 1981-Continued (In thousands of dollars) 160 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Table GA-I-2. Activities Statements of Income and Retained Earnings October 1,1980 through March 31,1981-Continued - (In thousands of dollars) Independent agencies Office of Personnel Management - Continued Employees group life insurance fund (TR) - Continued Pennsylvania Avenue Development Corporation Small Business Administration Business Retired employees health benefits fund (TR) loan and Disaster loan vestment fund fund (PE) i land acquisition and development I. (PE) fund (PE) INCOME AND EXFEMSE Sales of goods Sales of services Insurance and guarantee premiums. Interest incon»e Other Income 312.908 154,586 Total Income, 25,949 207,982 11,168 146 ,074 15,782 98,461 8,544 13 109,458 1,690 46^,^95 1 Expense 11,162 : Cost of goods sold. Interest expense: Treasury borrowings. Federal securities. Other 8,343 161,974 6,826 57,0621'/ 1,517 104,80817/ Other expenses: Administrative Depreciation Other operating expenses. Other 7&8 276,524 189,974 2,646 4.612 Total expense. I 340 5,469 35,047 ,810 210,834 Income or expenses (-) before extraordinary items 34,265 4,368 14,407 40,123 Extraordinary income and expense {-): Gain or loss {-) on disposition of assets Other Total extraordinary income and expense (-).. Net income or expense f-) before distribution. ANALYSIS OF C.Ht^flT.f -I ,00- 40,123 3,735 -2,847,822 40,123 -2,152,160 3,735 IN RETAIWFD EARNINGS Opening balance Net incone or expense -) Adjustments for prior periods ] Distribution of income: Dividend s Other ....!!!!!!!!!!!! ( [ [ 2,948 -179 -7,815 -1,007 -5,150,773 34,265 -11 -11 Closing balance -5,116,518 Footnotes at end of Section. -2,807,699 161 August 1981 .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND FUNDS. Government Corporations and Other Business-Type Activities - Statements of Income and Retained Ksmings October 1,1980 through March 31,1981-Continued Table GA-I-2. ( In UiousandE of dollars ) 162 Treasury Bulletin .FINANCIAL OPERATIONS OF Section I - GOVERNMENT AGENCIES AND Government Corporations and Other Business-Type Table GA-I-2. FITNDS Activities Statements of Income and Retained Earnings October 1,1980 through March 31, 1981-Continued - (In thousaridE of dollars) Off-budget Federal agencies Treasury Department grlcul ture Department Rural electrification United States Postal Service (PE) United States Rural and Telephone Bank telephone revolving (PE) fund (PE) Federal Financing Bank revolving fund Rai Iway Association (PE) INCOME AND EXPENSF. Income: Sales of goods Sales of services Insurance and guarantee premiums. Interest Income Other Income 4,112,236 969,135 148,674 969,135 Total income. 33,231 22,469 Expense: Cost of goods sold. Interest expense: Treasury borrowings. Federal securities,. Other 3,864,002 8,052 534,400 8,052 288,566 3,245,028 109,271 852,549 474,074 8,243,472 109,271 852,549 473,801 30,501 6,141 24,360 3,833,501 218,378 Other expenses: Administrative Depreciation Other operating expenses. Other Total expense. 9,975,712 3,835,044 Income or expenses (-) before extraordinary i terns -33»,984 -67,260 -339,337 -338,984 -67,260 -75,845 72,817 348,672 -339,337 -718,931 -338,984 955,519 -67,260 955,519 -75,845 -28 -28 117,029 72,817 Extraordinary income and expense (-): Gain or loss (-) on disposition of assets Other Total extraordinary income and expense (-). Net Income or expense (-) before distribution ANALYSIS OF rHAMT.F IN RFTATNFn EAHJilNm Opening balance Net inccme or expense I -) .'.V.V.WW,', Adjustments for prior periods, .,![..''[.] Distribution of Income: Dividends Other Closing balance Footnotes at end of Section. -5,643 3,664 2,942 -4,945 -5,911 163 August 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Footnotes to Table GA-I-2 Less than $500. Revised. Public enterprise revolving funds. (PE) Intragovernmental revolving funds. (IR) (TR) Trust revolving funds. and business1/ Statements in this table are from Government corporations ~ Statements of the transferred account which represent type activities. under the columns (nonadd) memo shown In are to others transferred funds same headings with the "parent" accounts that receive the appropriations. shown as also accounts are transferred These same statements of the funds transferred from others under the heading of the "spending" agencies * r that administer these funds. 2/ Represents a deposit of funds to receipt accounts. T/ Represents the Cooley loan program established pursuant to the Agri~ cultural Trade Development and Assistance Act of n^i, as amended (7 U.S.C. 1"'04 (e)). 4/ Program, and supporting assistance loans. 5/ Includes funds transferred from others. 6/ Includes the fund for administrative and operating expenses. 7/ Includes accrued interest expense of $4,812 thousand on capital stock. 8/ Includes restoration of capital by the Department of the Treasury to partially reimburse the Corporation for net realized losses sustained but not previously reimbursed as provided by an act approved Dec. 15, 1980 C<J4 Stat. 3104). 9/ Information pertaining to the amount of retained earnings at the beginning of the period was not shown on the statement submitted by the report ing agency. 10 / Represents insufficiency restorations made by appropriations. IT/ Represents interest on appropriations for loans to be paid into miscellaneous receipts of the Department of the Treasury. 12/ Includes the Defense Communication Agency. TT/ Represents interest on appropriations and other capital. Ia/ Represents interest expense on appropriations allocated to power and to mumicipal and industrial water supply construction. 15/ Represents interest expense on public debt borrowings from the Department of the Treasury, and on appropriations and other capital. 16/ Represents interest on premium prepayments. Represents interest expense payable to the Department of the Treasury ]J_/ on net disbursements from the fund. deposits. 16/ Represents interest expense on mortgage notes and escrow and 19/ Represents net income of $56,728 thousand from power operations programs. a net loss of $-41,761 thousand from non-income producing semiannual on Based Operations. Bureau of Government Financial Source: reports received from agencies pursuant to Treasury Circular No. 966, Revised Treasury Bulletin 164 FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Table GA-II-1. - II - Federal Credit Programs Direct Sales and Repurchases of Loans (In millions of dollars) Export- Impor t Bank of the United States Fiscal year or month Repurchases 1971 1972 1973 1974 1975 1973 2 , 543 305 781 330 1,141 1977 1978 1979 3,0^5 6,257 3,903 7,829 ll,6b6 2,759 7,895 10,544 11,848 1,559 1,281 422 2,121 3,399 2,055 1980 12,469 4,902 1,470 1,223 1,113 1,036 1,595 512 508 T.q 1980^une July Aug. Sept Oct. Nov. Dec. 1981-Jan. Feb. Mar. Apr, May. June * Less than $500,000. Farmers Home Administration Repurchases 269 248 145 187 20 21 21 3 160 104 2 2,005 2,430 3,324 2,172 6,415 4,247 1,070 5,445 ",407 10,375 287 574 284 1,105 1,524 1,148 41« 2,083 3,355 2,026 55S 11 511 1.005 1,^65 509 812 371 5KU 545 2,440 2,165 1,590 945 707 507 305 28 14 547 580 14 709 2,622 2,165 1,590 945 1,470 1,183 12 457 509 306 2 50 Government National Mortgage Association Repurchases 6 813 Housing and Urban Development Dept. 13 13 2 50 Repurchases Small Business Administration Veterans Administration Repurchases Repurchases 244 368 2,300 1,501 1,232 6,963 1,592 2,11s 488 209 93^ 1,473 1«8 163 294 9b 3 33 12 19 25 30 32 29 6 36 43 28 August 1981 165 .FINANCIAL OPERATIONS OF Section Table GA-III-1. - Civil GOVERNMENT AGENCIES AND FUNDS III - Trust Funds Service Retirement and Disability Fund Federal contributions Donations, service credit payments, and other misc. receipts (In millions of dollars) Receipts Fiscal year or month 1921-71. 1972 1973 1974 1975 1976 T.O 1977 1978 1979 ,808 ,735 604 955 360 099 ,480 476 ,598 385 1980..., 153 1981 (Est.). 1982 (Est.). ,634 ,570 1980-July Aug. . Sept... . Oct Nov. Agenc ies' contributions 672 . . 598 738 12,622 672 3,306 Dec 1981-Jan Feb Mar 729 Apr .... May June. . Fiscal 1981 to date. . . 667 735 678 729 3,511 5,359 "employees con tribu tions Interest and profits on investments 166 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section HI - Trust Funds Federal Old-Age and Survivors Insurance Trust Fund Table GA-III-2. (In millions of dollars) Receipts Fiscal year or month Total 2/ Appropriations 3/ 1937-71. 1972 1973.... |1974.... Il975...., 1976 jT.Q 1977 1978 1979 1980 1981 (Es;.). 1982 (Est.). 1980- July.... Aug Sept Oct; Nov Dec 1981-J.in Feb Mar Apr May June .... Fiscal 1981 to date 30.4, > , ' 271.183 ()<H) ') 32,114 37,187 43,465 50,119 52,900 14,259 1 Deposits by States 4/ 20,720 3,596 4,131 4,989 5,898 6,654 1,847 7,676 Net earnings investments on 14,956 1,716 1,848 2,040 2,296 2,349 80 2,282 43,639 50,935 58,763 62,327 16,186 71,7S8 61 76,811 66,187 7,860 2,153 86,893 75,678 8,630 1,919 86,379 11,229 100,050 U ,219 1,782 130,24-, 5,895 12,124 7,336 10,305 8,032 8,62) 9,4HS 10,54 3 10,888 I'. I M 6,016 7,663 7,461 9,012 7,287 6,570 111, 111 1,631) 12,988 10,931 10,381 12,503 9,571 8,636 92,094 80,883 August 1981 167 .FINANCIAL OPERATIONS OF Section Table GA-III-3. - GOVERNMENT AGENCIES AND FUNDS III - Trust Panda Federal Disability Insurance Trust Fund (In millions of doUors) 168 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section III - Trost Funds Footnotes Table GA-III-2. Source: Monthly Treasury Statement of Receipts and Outlays of the United States Government. Budget estimates are based on the 1981 Budget of the U.S. Goverroment, released January 28, 1980. 1/ Includes transactions under the predecessor Old-Age Reserve Account, $15 million transferred from general fund for 2/ Total includes: administrative and other costs of benefits payable to survivors of certain World War II veterans (60 Stat, 979 and 6^ Stat. 512): $35 million (1937-59), paid from the Railroad Retirement Accounts; beginning November 1951, small amounts in the nature of recoveries from expenditures incidental to the operations; beginning 1958, interest payments from Federal Disability Insurance Trust Fund and sale of waste paper; $78 million for each FY 1967 and 1968, $156 million FY 1969, $78 million for each FY 1970 and FY 1971, $137 million FY 1972, $138 million 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 $303 million FY 1974 for benefits for the aged. Fiscal Year 1975 includes $140 million for military service credits and $307 million for special benefits for the aged. Fiscal Year 1976 includes $157 million for military service credits and $268 million for special benefits for the aged. Fiscal Year 1977 includes $378 million for military service credits and $236 million for special benefits for the aged. Fiscal Year 1978 includes $385 million for military service credits and $228 million for special benefits for the aged. $230 million for special benefits for the aged. FY 1980 includes $393 million for military service credits and $164 million for special benefits for the aged. FY 1981 and 1982 estimates include $390 and $534 million for military service credits and $150 and $140 million for special benefits for the aged, respectively. 2/ Includes unappropriated receipts from January 1962 to June 1965. ^/ To cover employees of States and their political subdivisions, under the Social Security Act Amendments of 1950 (42 U.S.C. 418). Includes payments for vocational rehabilitation services to Federal Disability Insurance Trust Fund and Socialan6 Rehabilitation Service, ^/ Payments are made between the Railroad Retirement Account and Federal Old-Age and Survivors and Federal disability so as to place those funds in the position in which they would have been if railroad employment after 1936 had been included in social security coverage (45 U.S.C. V 228e (k)). Excludes transactions for investments in non-Federal securi ties. 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) (I)), 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 Insurance are paid directly from the trust fund beginning 1947, under provisions of annual appropriations acts until passage of the Social Security Act Amendments of 1956 (42 U.S.C. 401 (g) (I)); 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. ]_/ Table GA-III-3. Monthly Treasury Statement of Receipts and Outlays of the United States Government. Budget estimates are based on the 1981 Budget of the U.S. Government, released January 28, 1980. Includes payments for military service credits as follows: $16 million for each FY 1967, FY 1968, $32 million FY 1969, $16 million for each FY 1970, 1971, $50 million FY 1972, $51 million FY 1973, $52 million and $3 million for interest on reimbursement of administrative And Vocal rehabilitation expenses FY 1974, $52 million military service credits for FY 1975. Includes p»yments formilltary service credits, $90 million for FY 1976^103 million for KY 1977, $128 million for FY 1978, FY $142 million for 1979, and $118 million for FY 1980. FY 1981 estimates include $130 million and FY 1982 estimates include $168 million for military service credits. rce: Includes unappropriated receipts from January 1962 to June 1965. To cover employees of States and their political subdivisions under the Social Security Act (42 U.S.C. 418). Includes payment for Vocational Rehabilitation Service beginning FY 1967 FY 1966 and construction and equipment of buildings beginning FY 1967. Transition ©uarter includes $27 million for vocational rehabilitation services and $2 million for construction of buildings. Fiscal Year 1977 includes $77 million for Tocational rehabilitation. Includes $84 million for vocational rehabilitation and $2 million for construction of buildings for FY 1978. 5/ Payments are made between the Railroad Retirement Account and Federal Old-Age and survivors and Federal disability so as to place those funds in the position in which they would have been if railroad employment after 1936 had been included in social security coverage (^5 U.S.C. 228 e (k)). b/ 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. ^01 (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. _7/ Includes $27 million paid from Railroad Retirement Accounts in FY 1960. 8/ Excludes transactions for investments in non-Federal securities. 9/ P.L. 96-403 dated October 9, 1980 provided for a reallocation of Social Security taxes between the FecJeral Disability Insurance Trust Fund and the Federal Old-age Insurance Trust Fund , retroac tive to January 1, 1980. Currents month activity includes the new allocation rates for October 1980 reporting and prior year adjustment from the Fm trust fund to the FOASI trust fund. r * Revised. Less than $500,000. 169 August 1981 .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Table GA-III-4. - III - Trust Funds Federal Hospital Insurance Trust Fund (In millions of dollars) 170 Treasury Bulletin .FINANCIAL OPERATIONS OF Section Table GA-III-5. GOVERNMENT AGENCIES AND FUNDS III - Trust Fands Federal Supplementary Medical Insurance Trust Fund (In millions of dollars) Receipts Fiscal Year or month Federal contributions 1967-71. 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 1980.. .. 1981 (Est.). 1982 (Est.). 1980-July... Aug.... Sept... Oct.... Nov. .. Dec... 1981-Jan.... Feb.... Mar.,.. Apr. • . May June. . Fiscal 1981 to date. . . 8,941 Expenditures other than investment Interest and profits on investments All other Benefit payments 171 August 1981 GOVERNMENT AGENCIES AND FUNDS FINANCIAL OPERATIONS OF Section III Table GA-III-6. - - Trust Funds Railroad Retirement Accounts (In millions of dollars) Fiscal year or month Total 1/ 28,045 i963-71. 197Z 2 1973 19T> 1975 1976 T.Q 1977 1978 1979 1980 1981 (Est.). 1982 (Est.). 1980-July... Aug Sept. Oct.... Nov. . . Dee.... . 1981-Jan Feb Mar Apr . . May June . . . Fiscal 1981 to date.... 112 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Trust Funds - III Table GA-III-7. - Unemployment Trust Fund (In millions of dollars) Receipts Railroad Unemployment Insurance Emplo\Tnent Securi ty Programs Employment Securi ty Adminis tration Account 2/ State accounts 1/ Fiscal year or month Deposi by States ts Appropria tions Federal Un- Advances from general employment Account Board fund 4/ Railroad Unemployment Insurance Account 6/ Federal Extended Compensation Account 5/ 3/ 7,330 1936-71 76,798 58,978 1972 1973 1974 1975 1976 T.Q 1977 1978 1979 5,498 Vll 6,725 _1_2/ 7,486 J_2/ 8,195 16,215 3,378 14,986 15.161 15,890 3,226 4,634 5,264 5,299 6,404 2,289 9,252 11,032 12,273 16,195 20,000 3,246 323 , , 1980 fund 9/ Deposi ts bv Rai Iroad Retirement accounts Railroad Retirement accounts 7/ 8/ Deposi ts by General fund Railroad Retirement Board Interest and profits on invent- 573 112 113 lU 1,355 1,531 lOO 110 60 35 496 487 650 639 283 371 1,875 2,600 2,907 2 04 113 3 55 15 14 14 232 266 503 %743 1,205 2,437 906 1,985 310 249 S47 1981- Jan... Feb... ^79 371 2,222 9 54 402 606 202 139 2 2,274 4,719 624 1,440 3,849 360 806 179 42 3 390 14,140 9,123 114 10 1,04 5 Mar . Apr. . May... June Fiscal 1981 to date... . . J 1,050 1,515 1,213 56 132 7 13 6 6 1 -59 1980-July.. Aug... Sept.. Oct... Nov, . Dec... ),558 !,975 other ments 11,915 12,606 15,460 1981 (Est.) 1982 (Est.) All 833 11/ ,4^.4 ] Administration 1,176 1, 1,2 15 17h 1,222 1,503 1,235 -24 1 3 15 31 11 -19 15 532 6 -1 28 34 1 59 Expenditures other than investments Emplovment Security Programs Fiscal year or month Total 13/ State accounts 1/ Emplovment Security Administration Account 2/ Payments Reimburse ments and recoveries thdrawal bv States wi to general Fund In teres t on advances and refunds Salaries and expenses 1936-71 67,505 10/ 55,495 5,528 1972 1973 1974 1975 1976 5,978 4,405 5,139 11,958 16,413 3,106 12,339 9.368 8,585 776 T.Q 1977 1978 1979 6,984 5,433 6,158 \UJ 13,211 15/ 17,920 \bl 3,544 14,103 11,169 10,373 117 213 380 514 522 563 1980 1981 (Est.) 1982 (Est.) 16,^40 23,500 21,590 14,068 20,951 18,273 848 244 m17 1980-July.. Aug. . Sept.. Oct.. Nov. 1,664 1,555 1,713 1,590 1,356 1,728 1,490 1,366 1,518 1,376 1,130 1,532 150 3 160 165 185 200 168 4 1981-Jan... Feb... Mar . Apr . May... June. 1,855 1,695 1,872 1,601 1,298 1,398 1,679 1,483 1,647 1,406 1,147 1,160 Fiscal 1981 to date... 14,393 12,560 . . Dec . . . . 814 832 140 175 185 167 128 211 36 13 25 43 32 37 1 25 27 27 29 1 30 8 22 34 34 34 34 35 16 15 16 19 40 43 3 2 3 2 5 3 3 3 3 3 Federal Extended Compensation Account 5/ Temporary extended compensation payments Repayment of advances from general fund Reimbursement to State accounts 173 August 1981 GOVERNMENT AGENCIES AND FUNDS .FINANCIAL OPERATIONS OF Section III - Trust Fonds Table GA-III-7. - Unemployment Trust Fund—Continued (In millions of dollars) 174 Treasury Bulletin .FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS Section Table GA-III-8. - III - Trust Funds National Service Life Insurance Fund (In millions of dollars) Receipts Fiscal year or month Premiums and other receipts 1944-71 14,178 77^ 1972 1973 1974 1975 1976 T.Q 1977 1978 1979i 1980 , 1981 (Est.) 1982 (Est.) 1980-July.., Aug Sept... Oct Nov Dec 1981-Jan Feb Mar Apr May . . . June. . Fiscal 1981 to date.. Transfers from general and special funds Interest and profits on investments Expenditures other than investments (benef i ts net lending refunds, and dividends) , Net increase or decrease (-), in assets Assets, end of period Investments Unexpended balance 175 August 1981 FINANCIAL OPERATIONS OF Section Table GA-III-9. - GOVERNMENT AGENCIES AND FUNDS III - Trust Funds Investments of Specified Trust Accounts in Public Debt Securities and Agency Securities by Issues, as of June 30,1981 Mn Investment s millions of dollars^ Treasury Bulletin 176 CUMULATIVE TABLE OF CONTENTS September 1980 through August 1981 iBBuee and Sections Article Treaaucy financing opgratioae : Federal fiacal operations Sunimary of fiscal operation Budget receipts by source Chart - Budget receipts by source Budget outlays by agency Undistributed offsetting receipts Budget outlays by function Investment transactions of Government accounts in Federal securities (net) Trust fund transactions Detail of excise tax receipts Sunmary of internal revenue collections by States and other areas Federa t ob I igat ions : Account of the U.S. Treasury Status of the Account of the U.S. Treasury Elements of changes in Federal Reserve and tax and loan account balances Gold assets and liabilities of the Treasury : Monetary statistics Currency and Coin in Circulation : Federal debt Summary of Federal debt Computed interest charge and computed interest rate on interest-bearing public debt Intereat-bearing public debt Government account series Interest-bearing securities issued by Government agenc ies Participation certificates Maturity distribution and average length of marketable interest-bearing public debt Debt subject Co statutory limitation Status and application of statutory limitation.. Treasury holdings of securities issued by Government corporations and other agencies.... Description of securities of Government corporations and other business-type activities held by the Treasury : Public debt operations Maturity schedule of interest-bearing public marketable securities other than regular weekly and 52-week Treasury bills outstanding. Offering of bills New money financing through regular weekly Treasury bills Offerings of public marketable securities other thsn regular weekly Treasury bills Unmatured marketable securities issued at a premium or discount other than advance refunding operations Allotments by investor classes on subscription for public marketable securities Disposition of public marketable securities other than regular weekly Treasury bills Foreign series securities (nonmarketable) issued to official institutions of foreign countries Foreign currency series securities (nonmarketable) issued to official institutions of foreign countries Foreign currency series securities issued to residents in foreign countries 23 23 28 2% 28 28 23 23 : United States savings bonds Sales and redemptions by series, cumulat ive Sales and redemptions by periods, all series combined Sales and redemptions by periods. Series E through K Redemption of matured and unmatured savings bonds Sales and redemptions by denominations. Series E and tl combined Sales by States, Series E and 11 combined : United States savinga notes Sales and redemptions by periods : Ownership of Federal securitiea Distribution by classes of investors and types : of issues Estimated ownership by private investors Treasury survey of ovnerahip Treasury surrey - coiiiercial bank ownership 28 pafi:e numbers 177 August 1981 CUMULATIVE TABLE OF CONTENTS i September 1980 through August 1981-Continued Ifisuea Sections. S Market q^QtaCiona on Treaaury aecurit tea End-of -month closing quotations Chart - Yields of Treasury securities : 69 72 Average yields of long-tenn bonda Average yields of long-term Treasury, corporate, and niunicipsl bonda Chart - Average yields of long-term Treasury, corporate, and municipal bonda : Exchange Stabilitat ion Fund Balance sheet Income and expense : National bank reports Operating income and expense, and dividends of national banks, calendar year 1979 : International financial statistics U.S. reserve assets U.S. liquid and other liabilities to foreign official institutions, and liquid liabilities to all other foreigners U.S. liquid and other liabilities to official institutions of foreign countries by area Nonmarketable U.S. Treasury bonds and notes issued to official institutions of foreign countries U.S. position in the International ^tonetary Fund Weighted average of exchange rate changes for the dollar : 80 81 Capital movenents Liabilities to foreigners reported by banks in the United States Claims on foreigners reported by banks in the United States Supplementary liabilities and claims data reported by banks in the United Ststes Liabilities to foreigners reported by nonbanking business enterprises in the U.S Claime on foreigners reported by nonbanking business enterprises in the U.S Transactions in long-term aecurities by foreigners reported by banks and brokers in the United States : Foreign Currency PpBittona Summary Canadian Dollar Positions French Franc Positions. German Hark Pos it ions Italian Lira Positions Japanese Yen Positions Swiss Franc Positions Sterling Positions United States Dollar Positions Abroad 103 108 lib 119 : 132 . , Foreign currencies acquired by the U.S Government without payment of dollara Foreign currency transactions, suiranary and country uses Foreign currency tranasctLons , U.S. uses and : trust funds Financial operations of Government agencies and funds Government corporations and other business-type activities: Statements of financial condition Statements of income and retained earnings Statements of accounts receivable Statements of loans receivable Federal credit programs: Direct sales and repurchases of loans Direct and guaranteed loana outaCanding Trust funds: Civil Service Retirement and Disability Fund... Federal Old-Age and Survivors Insurance Trust Fund Federal Disability Insurance Trust Fund Federal Hospital Insurance Fund Federal Supplementary Medical Insurance Trust Fund Railroad Retirement Accounts Unemployment Trust Fund , National Service Life Insurance Fund InvesCoents of specified trust accounts : U9 150 and paae numhe'