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LfBRARY
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^REASURy DEPARTMENT

December

1970

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UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECKETARY

The Treasury Bulletin

is for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $13.50 domestic, $17.00 foreign.
Single copy price varies.

'

December 1970

CONTENTS

Treasury financing operations

tt

Federal fiscal operations

-i

Federal obligations

15

Account of the Treasurer of the United States

19

Monetary

22

statistics

Federal debt

23

Public debt operations

31

United States savings bonds

64

United States savings notes

68

Ownership of Federal

69

securities

Treasury survey of ownership

Market quotations on Treasury

71
77

securities

Average yields of long-term bonds

80

International financial statistics

82

Capital movements

•

87

Financial operations of Government agencies and funds

124

Cumulative table of contents

1'

Note:

Details of figures

may

not add to totals because of rounding.

Treasury Bulletin

//

Treasury Financing Operations

one 90-day

strip bills
November 17

On

amounts of seven

were invited

tenciers

for adtiitional

outstanding series of Treasury bills, the

weekly issues maturing on January 7, 14, 21, and 28, and Febto an aggregate

ruaiy 4, 11, and 18, 1971,

issue of $1.9 billion, three 182-day issues

$1.4 billion, and one 181 -day

issue of $1.4

erage rates for the new issues are shown
table

amount of $2.1

13 -week

billion, or thereabouts, to be issued December 2.
on November 25 and totaled $3,560

Tenders were opened
million, of which
$273 million

discount rate

$2,105 million

was

accepted

of noncompetitive tenders.

percent,

was 4.695

average number of days to

including

on 57

days, the

the seven

maturity for

bank

The average

based

issues

The limit for noncompetitive tenders was $420,000.

Bidders

for each

tender.

were required to
Tenders had

submit a single

to be in the minimtim

price

amount of $70,000 or

in

multiples of $35,000 over that amount.
Any qualified depositary was permitted to make payment

by credit

in its Treasury

tax and loan

account

for bills

allotted to it for itself and its customers up to any amount
for which it was qualified in excess of

existing deposits,

9-Month and One-year bills
On November 17 tenders

were invited for $500 million,

or thereabouts, of 274-day Treasury bills, representing

additional amount of bills dated August 31, 1970,
August 31, 1971, and

365-day

for $1.2 billion,

Treasury bills to

an

maturing

or thereabouts, of

be dated November 30, 1970,

to

mature November 30, 1971, both series to be issued November
30.

These issues were

maturing November 30.

to refund

$1,501 million of

bills

Tenders were opened on November

Tenders received for the 274-day bills totaled

average bank

The

24.

$1,323

million, of which $501 million was accepted, including

million of noncompetitive tenders.

$21

dis-

count rate was 5.084 percent.
Tenders received for the 365-day bills totaled
million, of which
$40 million

$1,200 million was

of noncompetitive

tenders

accepted,
.

$1,854

including

The average

bank

discount rate was 5.010 percent.

13-week and 26-week bills
Issues

of regular weekly Treasury

bills in

November

totaled $12.9 billion, replacing $12.4 billion of

maturing

bills.

billion.

There

were three

91 -day issues of

$1.8

(Additional amount of bills of
original maturity of 26 weeks)

Date

billion.

in the

of

Av-

following

December 1970

III

Treasury Financing Operations

funds or in a like face amount of Treasury bills maturing on
that date.

Payment for 13-week, 26-week, 9- month, and one-

year bills may not be made by credit in Treasury tax and loan

million.

-

(Continued)

At the end of November foreign series

outstanding totaled $/;,637 million.

securities

(Details are shown

on

page 61.)

accounts.
No foreign

Foreign Series and Foreign Currency Series

Foreign series securities

issued in November

or redeemed in
totaled

$1,203 million, consisting of twelve certificates of indebt-

edness and one note.

Note:

1/
2/

Redemptions

for- the

month totaled $322

currency
alent

currency

series

securities

November.

At the

end of

series securities outstanding

of $1,366 million

marks and Swiss francs.

and were

were

issued

November foreign
totaled an

denominated

in

equivGerman

(Details are shown on page 53
_)

on public debt operations.
Details of Treasuiy market financing operations are shown elsewhere in tables
Bank discount basis.
4.j
^^„n
to March 1970. but denominations
The $15,000 denomination is not available for bills with issue dates prior
of $1,000 and $5,000 are available for such bills.
-^

j.

•

. ..,.

...

)

,

,

December 1970
.FEDERAL FISCAL OPERATIONS.
Table FFO-1.

-

Summary

of Fiscal Operations

(In millions of dollars)

Budget receipts, expenditures, and lending

The expenditure account
Fiscal year
or month

Net
receipts

Net
expenditures

Surplus
or deficit (-)

2/

Means of financing

Loan account 1/

3/

Loan
disbursements

Loan
repay-

Net
lending
3/

Outlays 3/

Budget
surplus
or deficit (-)

-

Borrowings from the public
Public
debt
securities

Agency
securities

Investments of
Government accounts 4/

net transactions
-

Federal securities

Special
notes 5/

Total borrowings
from
the public
IS)*(10)
-(11)-(12)

nil

1961
1962
1963

9U 339

96,597

-2,208

99,676
106,560
112,662
116,833
130,856

lOU U62

-i*,78o
-l*,896

,

,

1965
1966
1967
1968
1969
1970

153,671
187,784r
193,743

111,U56
118,039
117,181
130,820
153,201
172,802
183,072r
194,460

1971 (Est.).

202,103

200,088

I96I*

l'»9,552

1969-Oct

11,3231-

Nov.

.

336
16,709

1970- Jan
Feb
I-lar

. . .

Apr.

.

.

May .
June.
.

July.

.

.

.

.

Aug
Sept.
Oct

.

.

2,0lU

8,604

7,921

1,1*72

8iq
613
687

377
827

-261
-61
-3,175
4,186
-2,351

533
581
771
56U
587

698
686
517

1,357

877

1*60

478
602
484

-114

17,

592

-150

17,640

-6,718
-2,323
1,281
-6,147

71,904

-13,906

-5,377
-3't7

36
-3,61t9

19,131
'+,712

16,297
1U,938
13,119
22,029
13,982
22,5ol

16,558
1U,999
l6,2Qu

12,609
15,172
18.725
11,A93

14,871

"

17, suit

16,333
15,367

-agit

-6,735
-2,257
1.396
-5,997

17,1+29

17,329
17,490

Fiscal 1971
to date
.

6,671
7,271
9,791
9,693
9,662
10,796
12,623
lit, 297
11,691
6,215

17.5Sfr
15,229
15,237

lit,

.

Dec

-710

7,369
9,621
9,6U6
10,237
10,911
11*, 628
17,676
20,327
13,167
8,344

.

11+5

-5lt5

-l,2lt9

-3,832
-5,053
-6,030
-1,1*76

-2,128
-683
-34V-236
lUO

475.

36lt

1*79

667
598
742

-13,

-1,198
-2,351

-

net transactions

Fiscal year
or month

'1

With International
Monetary
Fund
(deduct)

With other
Government
officers
(deduct)

U.S. 6/
(deduct

200,771
17,929r
15,lt66

15,097

17
-66

17,1195

16,391+

19,327

U3

-3,1*06

Tr ansae tions
not applied
to year' s
surpl\:s or
deficit 10/

(161

l$fel

-1,385

1962
1963
1964
1965
1966
1967
1968

3,731*

-110
138
-58
41
371
259

1,876
-1,264
1,591*

-260

1969
1970

-1*,571

-5

-1,094
760
1,746

1,859
808
557

1971 (Est.).

1969-Oct..
Nov.
Dec..

-1,228
1,008
-1,195

1970-Jan..
Feb..
Mar.
Apr.
May..
June

1,352
56

226
620
-1,660

.

July.
Aug..
Sept.
;

t

2,457

-942
-92

1,692
-2,512

,

.

.

Fiscal 1971
to date
.

.

.

-1,354

_

-1,536

1'(

-292

"-"

605
627
1,428
2,864

316
284

1,1*27

21,357
6,142
17,198

•10,150

-1,739

2,330
3,244
9,035
5,320
8,522
10,062

1,331

8,171

-402

8,969

-1,200

-6,101r
-1,130
1,612

3,709
3,718

-48r
-l4l
-85

-727
883
2,04l

2,695
-2,012

-64
-789
21
-39
-278
-160

-524
625
867
-162
2,164
2,827

-3,156

-38
-3
12
-17

-386
1,615
-863
-1,056

5,997
2,716
-1,347
2,561

-97
1*3

-3,1*29

3,986
-2,459
7,210

6,311*

113

-654
1,275
3,161
-1»,813

3,893
-169

5,649
1*,333

-2,223
1

,

522

1,1*50

196
508
704
4,04l
5,079
5,91*1*

9,281

339
405
-126
351*

-482
-1,119
-1,381*

9,769
6,088
3,092
4,061
3,076
2,838
23,100
-11,146
5,397

1*,388

-194
-139
2,311*

-4,691
1,1*52

-691

9,927

Selected balances, end of period
Total
budget
financing
I13)-lllt)

-(151-(16l
-(171*118)
*(19)

(It)

2,640
9,230
7,659
5,853
5,561
2,633

-7,137
-It, 751
-5,922
-1,596
-3,796
-8,702
-25,161
3,236
-2,845

(continued)

Other
means of
financing 8/

SDR's 7/

178,833
184,548r
196,588

14,894
16,5U8
18,043
16, 441
15,351

Changes in cash and monetary assets

Within gen
acct. of
Treasurer,

isit.ess
158, 25U

164
104
-254
-200
-108
-480

2,156

Means of financing

97,795
106,813
111,311
118,584
118,430

(20)

Federal securities

General
account of
Treasurer,
U.S. 6/

Public
debt
securities

Agency
securities

11/

Investment of
Government
accounts

Special
notes

Held by
the
public
(22)-(25l

....
.

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

-

Budget Receipts by Principal Sources
(In millions of dollars)

Income taxes

Fiscal year
or month

Net
budget
receipts

Individual

Withheld
389

32,978
36,2U6
38,719
39,259

Refunds
13,175

'*,8l5

ll(,U03
ll*,269

5,079

1961
1962
1963
1964
1965
1966
1967
1968
1969
1970

99,676
106,560
112,662
116,833
130,856
1^9,552
153,671
187,784r
193,743

36,81*0
1*2,811

18,1*86

5,851

50,521
57,301
70,182
77,416

18,850
20,951
27,258
26,236

7,81*5

9,527
10,191
13,240

1971 (Est.).

202,103

77,000

28,000

ll*,000

9"*,

ll,828r

1959-Oct
Nov.

.

.

.

U,336

6,281r
7,108

Dec

16,709

6,4.07

1970-Jan
Feb

16,297

6,203
7,535
6,091
5,748
7,058
6,014

U,938

Mar.
Apr,
May.
June.
.

.

.

July.
Aug
Sept.

.

.

.

.

..

.

Oct

13,119
22,029
13,982
22,561

12,609
15,172
18,725
11,493

6,040
6,985

57,998

24,599

5,907
5,667

Fiscal 1971
to date.

.

.

15,331
16,820

419

5,1*00

5,893
l*,869

Corporation
Net
total

Gross

Net
to tell

Net total
income
taxes

..
,

December 1970
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.

-

Budget Receipts by Principal Sources

(Continued)

-

(In millions of dollars)

Social insurance taxes and contributions

-

Contributions for other
insurance and retirement
Fiscal year
or month

1961
1962
1963
196U
1965
1966
1967
1968
1969
1970

Federal
Supplemental
Medical
Insurance

61)7

Federal
employees
retirement
8UU
863
932
993
1,065
1,111
1,201

39,918
45,298

10,681
10,519

2,931

1*9,108

12,201

11*2

133r
115
136

216
187
214

2,364
4,078
2,190

880
1,001
957

166
127
137
176
127

254
203
221
259
202
278

2,674
5,403
3,436
4,419
5,351
3,769

758
748
837

254
250
270
279

1,053

1971 (Est.)

1,242

1,658

31

1969-Oct...
Nov, ,
Dec...

81
69
76

. .

June

..

July..
Aug .
Sept..
Oct...
.

Fiscal 1971
to date.

,

81
73
83

9,11*1

9,1*61

1,735

. .

16,U38
17,0U6
19,8oU
22,012
22,258
25,567
33,31*9
3l*,622

20
2k
29

Feb...

857
875

193

105
96
110
106

147
149

U7

h2A

158
170

13

91*6

Jlighway trust fund

Net
total

1,008
1,081
1,129
1,867
2,052
2,353
2,701

13
15
16
18
19

1,33'*
1,1*26

Mar
Apr
May...

Miscellaneous excise taxes

78
87
89
93
99
217
183
127
96
167

698
903
936

1970-Jaji

Eiccise taxe

Net total
social
insurance
taxes and
contributions

Other
employees
retirement
12
12

(continued)

9,672
10,005
10,301*

11,011
9,362
9-,827

14r
10
9

12
8

908
817

13
9
6

957

17

3,184
5,330
2,962
2,697

959
755
772
750

13

14,173

3,235

8

14
12

Net
total

9,063
9,585
9,915
10,211
10,911

2,923
3,080

9,11*5

2,79b

1*,037
lt,652

126
131
126
127
123
120
212

l*,l*93

111*

I*,

861
5,386

221*

'*,379
l.,637

32

5,351*

5,603

ll*2

5,1*61

866r
992
948

394
550
452

-65

394
615
452

746
739
824
899
311
940

408
479
379
421

946
746
758
737

464
521
459
446

9,278
9,700
10,585
10,352
12,059

3,188

3,1*05
3,61*6

3,782

12
11
95

511

3

438

11

2,91*9

3,279
3,519
3,659
3,917
1*, 1*1*1

408
467
368
326
508
427
464
520
459
446

—

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.

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..

.

December 1970
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.

-

Budget Outlays by Agencies

(In millions of dollars)

Fiscal year
or month

131
151
145

1961.
1962.
1963.
1964.

1^71

legislative
Branch

148
162

(Est.).

'-Oct..
Nov.
Deo..

.

70-Jan..
Feb..
Mar..
Apr.
May..
.Tune

July.
Aug..
Sept.

Executive
Office
of the
President

50

70

56
61

29
23
23
24
26
23
28

64
73
76

.Vet

expenditures

35

1,566
1,801
3,201
3.694
3,872
4,357
4,851
4.898
4,971
4,785

45

4,187

181
240
255
277
340

86
91
109
128

368

130

31

18
31

10
iO
14

27

8

40

id

29
24
28
24

10

31

i;
10
10

407
366

11

34
32
42

Dot..

The
Judiciary

Funds appropriated
to the President

31

11
11
12

Net

lending

Agriculture Department

Total

1

17
29
21
15

-4
-10

,

56.J

1,801
3,201
3,694
3,889

Net
expeaditures

5,103
5,901

281

331
393
352
415

434
500

lending

Total

7,307
8,330
8,307

35
49

-541

7,953

968

47

1,014

1,406
711
696

-129

1,276
640

143

2
20
4

'45

836
254
252
235
212
-408

-105
-332

2

95
76
69
120
106
123

2,714
1,156

-65
-124
-14

8,494

383
393
353
416
435
504

Net

3,064
3,340
3,660
4,302
4,749
4,670
726
307
854
1,028

4,184

'iO

Met
expenditures

-27
-21
20

4,385
4,872
4,913
4,967
4,774

36.'

T;:tal

3,091
3,360
3.640
4,270
4,699
4,633
705
769
820
979

393
429
370
421
356
412
512
637
332

434r

359

407
366
354
358

318
1,063

i,4Bn

1,485

5,251

355

Net

lending

6,904
7,083
6,374
5,158
5.429
6,795
7,693
7,974

43 5r
362
345

Commerce DapartmenV

-71
-98

5,384
6.294
7,333
7,453
6,795
5,513
5,841

598

35
54

731
-77
296
320
320
182

93
72
66
116
104
120
98
72
76

94

2,649
1,032
304
1,157

111

-110

5,141

357

U
84

108
590

32
51
37

a

38

4

2
3

2

3
9

6

55
58

101
72
82
119

Fiscal 1971
to date.

.

.

139

13

17

374

,..

,

Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.

-

Budget Outlays by Agencies

-

(Continued)

(In millions of dollars)

Labor Department 2/

Fiscal year
or month

Net
expenditures

Treasury Department
Post
Office
Department

Net
lending

1961
1962
1963

831
618

"31
618

1*,153

11,153

I96I*

U,Ol*lt

U,0l*l*

1965
1966
1967
1968
1969

3,532
3,109
3,172
3,385

3,532
3,109
3,286
3,271

111*

State
Depart-

ment

Transportation
Department
3/

Q1I+

251*

b33

797
770
578
805
888

30I*

t.93

719

381*
1*10

785
793

11,31*6
12,011*

1,11*1

1*19

5,1*28

13,391

U2U

5,732

ll*,573

1*37

16,588

1*1*8

5,9701/
6,Ul7

19,301*

-326
82
336
206

7,01*81/

19,000

66

1971 (Est.),

5,563

5,563

382

1*73

260
230
335

260
230
335

81*

66

690

67

37
50

601.

1*U3

1*1*3

1*26

1*26

502
U69

502
1*69

1*17

1*17

500

500

1*56

1*56

1970- Jan
Feb
Mar
Apr ...
May. . .
June ,

-15

109
162
87
315
156
137

Aug

508

508

Sept..
Oct

1*2U

1*2U

U79

1*79

231
150
337
177

1,866

896

July.

.

.

15,871
17,526
-81
-77
88

71*2

1970

553

1*5

539

17
20

1*27

1*2

1*39

12
31

U56
657

1*63

1*97

15
33

605
722
721

;

Net
lending

Total

Net
expenditures

Net
lending

1*15

-1*5

2l*,781*

-7

26,638

-69
-37

9,71*5

-1
-2

10,552
11,1*33
12,1*27
13,061*
ll*,655

2,713
2,806
2,758
2,763
2,625

19,510

2,1*03
2,261*
2,1*66
2,1*50
2,1*53

19,066

2,1*11

16,921*

21*0

U

21*3

1

302
319
361
300

302
328
359
293
-260
138

19
-6

-2l*2

1*12

1

1*13

1*20

5

1*25

1*26

20

1*1*6

-9
2

7

.

,

2,51*5

131

28

1,553
1,585
1,653

-236]

100
-100

l,317r
1,685
1,552

218
178
221

37r
29

1,671
1,620
1,699
1,656
1,601

-21
90
112
75
82
12

1,650
1,710
1,811
1,731
1,683
1,776

183
186
207
216
188
235

1*5

30
37
15
53
80

18
1

U3
30
35
33
50
82

1,763
1,762
1,760

-93
88

167
172

-17
49
59

-2
-1
-2

-19
U8
57

1,761*

-500

1,670
1,851
1,818
1,26U

7,0U8

-UUs

6,602

728

1,761*

58

*T
6

1*2

-2
-It

1*3

133

37
31*

1*3

31*

Fiscal 1971
to date

Total

5/

31*7

3,1*75
1*,356

Dec ...

Other

8,957
9,120
9,895
10,666

3,1*75
l*,356

1969-Oct
Nov ...

Net expenditures

Interest
on public
debt kj

1*08

1,080
920
1,510

-111*

General Services Admin.

Atomic
Energy
Commission

-13

December 1970
.FEDERAL FISCAL OPERATIONS,
Table FFO-4.

-

Undistributed Intrabudgetary Transactions

Treasury Bulletin

8

FEDERAL FISCAL OPERATIONS.
CM fNJC^
flj

O

O^

o

a>

^

December 1970
.FEDERAL FISCAL OPERATIONS.
fO

S o

c^

01

-o
a>

3
_C

c
o

O
c
o

u
c
3
o

••-^

>>

X!
la

>.

JS

M

3

o
«
•B

3
oa

o

O

Treasury Bulletin

10

.FEDERAL FISCAL OPERATIONS.
Table FFO-6.

-

Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)

December 1970

11

.FEDERAL FISCAL OPERATIONS.

o
CTJ

01

XI

O

S

o

o
05

3

T3

a
3
3

o

OS

Treasury Bulletin

12

FEDERAL FISCAL OPERATIONS,
Table FFO-8.
of the

-

Accountability of the Treasurer

United States on an Accounting Basis
(In millions of dollars)

Fiscal year

^

December 1970

13

.FEDERAL FISCAL OPERATIONS.
Table FFO-9.

-

Detail of Excise Tax Receipts

(In thousands of dollars)

Fiscal Year

Type of tax
1968 1/
Alnohol taxes:
2/
Distilled spirits.
Wines
Beer

Total alcohol taxes

Tobacco taxes :
Cigars
Cigarettes
Other i/

1969 1/

3,196,911
127,263
963,062

3,390,799r
157,414r

U, 287, 237

u

2/
51^,937

2,066,159
1,181

Total tobacco taxes

2,122,277

D ocumentary and certain other stamp taxes ^/

U8,721

Manufacturers' excise taxes
Gasoline 6/
Lubricating oil etc
Tires, tubes, and tread rubber 6/
Passenger automobiles, chassis, bodies, etc. 7/
Trucks and buses, chasis, bodies, etc. 6/
Parts and accessories for automobiles, trucks, etc. 3/...
Radio and television sets, phonographs, components, etc.
Refrigerators freezers, air-conditioners, etc. 2/
Electric gas and oil appliances
Pistols and revolvers
Phonograph records
Musical instruments
Sporting goods (other than fishing rods, creels, etc.)
Fishing rods, creels, etc
Business and store machines
Cameras, lenses, film, and projectors
Electric light bulbs and tubes 10/
Firearms (other than pistols and revolvers), shells
and cartridges
Mechanical pencils, pens, and lighters
Matches
:

,

,

^

,

,

^
^

^

i

^

^

^

^

Total manufacturers' excise taxes

Retailers' excise taxes :
Furs
Jewelry, etc
Luggage etc
Toil et preparations

^

,

Total retailers' excise taxes

Miscellaneous excise taxes :
Admissions to theaters, concerts, etc. 11/
Admissions to cabarets, roof gardens, etc. 11/
Club dues and initiation fees 12/
Telephone, wire, etc. and equipment service 13/
Transportation of oil by pipeline 1^/
Transportation of persons 15/
Transportation of property (including coal) lA/
Use of safe deposit boxes 16/
Coconut and other vegetable oils processed 17/
Sugar
Diesel and special motor fuels 6/ 18/
Narcotics and marihuana, including occupational taxes....
Coin-operated amusement devices - bowling alleys, pool
tables, etc. 16/

Coin-operated gaming devices
Wagering occupational tax
Wagers
Use tax on highway motor vehicles having a "taxable gross
weight" exceeding 26,000 pounds 6/
Adulterated butter and filled cheese (imported and
domestic)
process or renovated butter and imported
oleomargarine
Firearms transfer and occupational taxes
Interest equalization 19/
Foreign insurance

3,030,792
92,311
1+89,139

1,530,777
Ui+7,7U3

76,226
597
U36
236
U,7U5
-62
-h3
UO

9,228
10
-75
U9U

31,372
9

5,713,973

287
kh2
5

131

866

76
1,07^
1,536
l,105,J+78
*

199, 27i*
30
-7
1

102,270
201,918
1,615
57

1U,806
Ul6
J*,
695

108,918

,

Total miscellaneous excise taxes

Total received with returns and from sales of stamps

Unclassified excise taxes 20/
Total excise taxes

Footnotes on following page.

2
81*

98,1U3
18,U57
1,858, 8U3
lU, 031, 917

288, U80
114,320,396

1,007,31+8

,

Treasury Bulletin
14

.FEDERAL FISCAL OPERATIONS.

Footnotes to Table FFO-9

Internal Revenue Service reports. The figures shown include
Source:
collections for credit to special accounts for certain island possessions. Floor stocks taxes are included with the related classes
of tax.
1/ Negative figures stem primarily from floor stoci: credits taken on
certain of the taxes repealed by the Excise Tax Reduction Act of 1965.
2/ Releases showing details are published quarterly.
2/ Chewing, smoking tobacco, and snuff, repealed effective January 1,
1966, (Public Law 89-44),
4/ Includes stamp taxes on deeds of conveyances, repealed effective
January 1, 1968, issues and transfers of bonds of indebtedness or
capital stock, repealed January 1, 1966, playing cards, repealed
June 22, 1965, and silver bullion, repealed June 5, 1963.
Repealed effective June 22, 1965, (Public Law 89-44).
6/ Collections reflect the provisions of the Highway Revenue Act of
1956, approved Jiine 29, 1956 (23 U.S.C. 120 note).
2/ Rate 10 percent through May 14, 1965; 7 percent from May 15, 1965
through December 31, 1965; 6 percent January 1, 1966 through
March 15, 1966, (Public Law 89-44). Under Tax Adjustment Act of
1966, rate restored to 7 percent, effective March 16, 1966, (Public
Law 89-368), under the Revenue and Expenditure Control Act of June
28, 1968, (Public Law 90-364) rate (which was reduced to 2 percent
on May 1, 1968) restored retroactively, to 7 percent.
8/ Automobile parts and accessories (except truck parts), repealed
effective January 1, 1966, (Public Law 89-44).
2/ Air conditioners, repealed effective May 15, 1965, Refrigerators and
freezers, repealed effective June 22, 1965, (Public Law 89-44).
10/ Sales of light bulbs for incorporation in articles upon which the

^

manufacturer's tax was repealed effective June 22, 1965 (e,g. refrigerators), will be free of tax on and after such date. Tax on all
other light bulbs and tubes, repealed effective January 1, 1966,
(Public Law 89-44).
effective noon Iteceiriber 31, 1965, (Public Law 89-44).
Repealed
11/
12/ Repealed effective January 1, 1966, (Public Law 89-44).
13/ General and toll telephone and teletypewriter service reduced to 3 percent, January 1, 1966. Private- communications services, telegraph
service, and wire equipment service, repealed effective January 1, 1966,
(Public Law 89-44). For general and toll telephone services and for
teletypewriter exchange service, the rate of tax on amount paid on bills
first rendered on or after April 1, 1966 for services rendered after
January 31, 1966, is increased from 3 percent to 10 percent of the
araoujit paid (Public Law 89-368).
Repealed
effective August 1, 1958, by an act approved June 30, 1958
14/
(26 U.S.C. 4292 note).
1^/ Repealed effective November 16, 1962, except on air transportation,
which was reduced to 5 percent.
16/ Repealed effective July 1, 1965 (Public Law 89-44).
17/ Repealed effective August 31, 1963.
18/- Excludes diesel fuel not for use in highway vehicles.
12/ Extended through July 31, 1969 by the Interest Equalization Tax
Extension Act of 1967, (Public Law 90-59).
20/ Undistributed depositary receipts represent the amoxint of excise tax
depositary receipts issued, less the amount of depositary receipts
received with excise tax returns.
*
Less than $500.
r
Revised

.

December 1970

15

.FEDERAL OBLIGATIONS.

"Obligations" are the basis on which the use of funds

controlled in the Federal Government.
at which the

point

Tiovernment makes a

firm

coiiimi

acquire goods or services and are the first of the
events

— order,

is

They are recorded at the

delivery, payment, consumption

terize the acquisition and use of resources.

of categories which are based upon the nature of the trans-

tment to

for salaries and wages, for example, are reported as personnel

foxir key

compensation, whether the personal services are used in current

— which charac-

operations or in the construction of capital items.

In general, they

Federal agencies and firms

consist of orders placed, contracts awarded, services received,

another;

and similar transactions requiring the disbursement of money

and

The obligational stage of Government transactions is a

strategic point in

gauging the impact of

the Government's

operations on the national economy, since it frequently represents for

Government commitment

business firms the

which

stimulates business investment, including inventory purchases
and employment of labor.

Disbursements

months after the Government

itself

usually causes

may

not occur for

places its order but the order

immediate pressure

on the

private

economy.

Obligations are classified

All payments

action without regard to its ultimate purpose.

often do business with one

the" buying" agency records obligations,

in doing so,

the "performing"

agency records

reimbursements.

ment are distinguished from those incurred outside the Government.

Tables FO-2,

Obligation

3,

and 4 show only those incurred outside.

data for

the administrative

budget

fund

accounts were first published in the September 1967 Treasury

Bvaietin and

the trust fund accounts were

in the October 1967 Bulletin.

Bulletin,

the data are oa

first published

Beginning with the ipril 1968

the basis of the budget concepts

adopted pursuant to the recommendations

according to a uniform set

In

Table FO-1, obligations that are incurred within the Govern-

Commission on Budget Concepts.

of the President's

)

:

Treasury Bulletin

16

.FEDERAL OBUGATIONSTable FO-1.

-

Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, October 31, 1970
(In millions of dollars)

Gross obligations incurred

Object class

Personal services and benefits
Ffersonnel compensation
Psrsonnel benefits
Benefits for former personnel

13,460
1,002
1,268

13,460
2,111
1,268

Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent , communi cations , and utilities
Printing and reproduction
Other services
Supplies and materials

430
903
682
96
6,916
6,007

3,176
2,759

700
1,401
1,010
181
10,092
8,766

Acquisition of capital assets
Equipment
Lands and structures
Investments and loans

4,412
998
3,131

485
46
335

4,897
1,044
3,466

12,393
18,546
5,468
149

418

12,810
18,546
6,036
149

-2,829
2,543

208
478

Grants and fixed charges
Grants , subsidies and contributions
Insurance claims and indemnities
Interest and dividends
Refunds
,

Other
Undistributed U.S. obligations
Obligations incurred abroad
Unvouchered

219
499
328
85

568

-2,621
3,021

Gross obligations incurred l/

Source:
Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used.
This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appropriation action by the Congress
Summary figures on this basis
follow.
(This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
.

Table FO-2.

-

presentation and therefore may differ somewhat from the Budget
document.
Gross obligations incurred (as above)
Deduct
Advances, reimbursements, other income, etc.
Offsetting receipts
Net obligations incurred

Gross Obligations Incurred Outside the Federal Government by Major Function

and Major Object Class, October
(In millions of dollars)

31,

1970

$86,343

19,066
3,635
63,642

December 1970

17

.FEDERAL OBLIGATIONS.

Treasury Bulletin

18

.FEDERAL OBLIGATIONS.

a

December 1970

19

.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Source and Availability of the Balance in the Treasurer's Account

The working cash of the Treasury is held mainly in

Treasury, banks are permitted to deposit in these accounts

Treasurer's accounts with Federal Reserve banks and branches.

proceeds from subscriptions to public debt securities entered

As the balances in these accounts become depleted,

for their own account as well as for the account of their

they are

restored by calling in (transferring) funds from the tax and

customers.

loan accounts with thousands of commercial banks throughout

The tax and loan account system permits the Treasury to

the country.

leave funds in banks and in the communities in which they arise

Deposits to tax and loan accounts occur in the normal

until such time as the Treasury needs the funds for its opera-

course of business under a uniform procedure applicable to all

tions.

banks whereby customers of banks deposit with them tax pay-

effect of its fluctuating operations on bank reserves and the

ments and funds for the purchase of Government securities.

economy.

In most cases the transaction involves merely the transfer of

A detailed description of the Treasxiry's depositary system

may be found in the Annual Report of the Secretary of the

money from a customer's account to the tax and loan account in
the same bank.

Treasury for 1955, pages 275-28i.

On occasions, to the extent authorized by the

Table TUS-1.

-

Status of the Account

In this way the Treasury is able to neutralize the

lof

the Treasurer of the United States

(In millions of dollars)

Treasury Bulletin

20

.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table TUS-2.

-

Analysis of Changes in

Tax and Loan Account Balances

(In millions of dollars)

Proceed^'

Fiscal year
or month

Savings
bonds

and
savings
notes 2/

1961
1962
1963
1964
1965
1966
1967
1968
1969

1970
1969-Nov.
Dec.

1970-Jan.
Feb.
Mar.
Apr.
May.
June

July
Aug.
Sept
Oct.
Nov.

Retirement
plan and
ta:< and
loss
bonds ^/

anticipation
securities

7,613
5,898
2,963

2,70lt

7,368

2,783
2,673
2,599
2,573

7,61*3

258
227
22U

Withheld,
excise,
and corporation U/

Tax

2,7B7
2,725
2,699
2,760
2,635

I83
210

During period

from sales of securities 1/

3**, 511
37,519

1,788
3,771*

3,830

6,521
6,835
9,921
12,598
11*, 522
9,257

1*2,1*75

9,538

1,627
1,173
9,576

10,1*08
13,01*3

5,1*17
3,61*0

1*8,1*78

70,521*

Total
credits

Withdrawals

End of
period
High

55,81*2
56,1*38

57,595
58,277
60,050
7lt,699

91,382
112,583

56,81*7

5,1*53

53,076
56,085

8,815

59,1*21
58,51*0

75,338
97,160

Average

1,161
1,531
2,535
1,577

It,

1,81*1*

5,1*31

11,271*

1*1*7

l*,32l+

9,979

710
1,029
709

1*,191

7,653
8,889

10,321*

10,321*

9,180
10,689
10,050
I*, 272

10,257
10,872

1*,113

8,001*

525

9,720
7,990

151

1*,1*57

5,325
'*,7l*7

3,775

132,1*60

151,721

112,71*1
11*1,921
11*9,317

9,780
13,092

12,371
13,303

11,1*38
llt,735

5,335
3,903

5,967

1,51*1

3,71*6

5,61*0

1,222

3,876

9,238
10,532

7,953
10,128
15,957

5,188
5,592
5,630
5,123

5,333

1,803

3,329

6,1*19

3,81*0

5,1*72

3,1*87

1,535

8,980
10,305
12,332
11,719
10,331

1

ll*,925

1,341

9,232
9,892

1

U,657

944

8,250
9,295

90,791
123,906

2,1*07

3,1*38

22l+

223
208
205
209
201

9,11*2

1*1,267
1*3,580

2,011*

2,3ltO

210
217

Income (by
special
arrange ment ) ^/

4,545

,410

Source:
Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their own account, or for the account of their
customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars Inviting subscriptions to the issues.
2/ United States savings notes first offered for sale as of May 1, 1967
and were discontinued after June 30, 1970.
3/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in March I968,
k/ lUxes eligible for credit consist of those deposited by taxpayers in

11*2,333

6,929

891*

It,

I*,

329
022

15,11*3

12,819

6,929

6,666
5,123
6,267
7,990

1,677

I*,

000
11,442
11,865
10.368
10,440

ll*,81*l

6,087
6,174

7,601
7,801

3,982
3,862

5,682
5,805

7,1*89

7,81*0

2,1*67

5,424
5,217

7,042
5,969

2,975
2,792

5,129
5,099
4,453

15,991*
11,91*1*

12,076

lit,

5/

I*,

12,1*52
12,591*

11,355
10,550
12,933
10,646

1*,605

5,331

1,206

3,1*51*

3,1*68

lt,850

632

the depositary banks, as follows: Withheld income taxes beginning
March I9U8; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950j and under the Railroad
Retirement Tax Act beginning July 1951; a number of excise taxes
beginning July 1953; estimated corporation income taxes beginning
April 1967; and all corporation income taxes due on or after
March 15, I968.
Under a special procedure begun in March 1951j authorization was given
dturing certain periods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bajik,
to be credited to the tax and loan account in that bank.
This procedure was discontinued In April I967.
Less than $500,000,

..

,

.

,

.

s

:

December 1970

21

.ACCOUNT OF THE TREASURER OF THE UNITED STATES.
Table TUS-3.

-

Summary

of

Cash Transactions through the Account

of the Treasurer of the United States
(In millions of dollars)

Net cash transactions other than borrowing

Fiscal year
or month

Deposits and withdrawals (budget
and other accounts ) •

Cash
Deposits

Cash withdrawals 1/

96,897
105,911
lllt,l*5lt

118,1*77

196't.

121,562

12l*,0lt7

1965.
1966.
1967.
1968.
1969.
1970.

125,1*61*

126,395

11*1,095

209,921*

11*2,191
161*,591
l8l*,58l
201,1*91
223,61*8

15,250
17,66i

1970- Jan..
Feb..
Mar.
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov.

163,036
165,086
201,735

1969-Nov.

.

Deo...

.

.

iscal 1971 to date.

Excess of deposits,
or withdrawals (-)
-877
-6,278

97,771*

1961.
1962.
1963.

Plus

Clearing
accounts

112,188

-1*,023
-2,1*85

-931
-1,095
-1,555

2/

Total net
transactions

:

Equals
Treasurer
account balance, increase, or decrease (-)

Net cash borrow-

;

ing, or repayment of
borrowing {-)

'

-510
1,259
1,039

-1,387
-5,018

76
8,755

-2,981*

l*,670

-1,1*91

-3,975
-1,515
-2,171
-901
-21,590

2,895
3,089
1,968

-1,311
3,736
1,686
-1,080
1,575
-203

-581*

-1,075
651*

-3,71*7

-1*,61*8

20,525

-1,065

-12,167

2,091*
ll*,079

1,912

-13,723

-2,095
-1,928
1,556

15,854
18,499

-6O4
-835

-1,204
988

-1,808
153

2,815
-1,348

1,008
-1,195

18,200
17,67i
14,888
21,530
16,309
23,915

17,278

921
-1,272
-2,934

-80
-333

-134
1,561
-507
777

842
-1,605
-3,068
4,905
-3,312
4,941

510
1,660
3,294
-4,285
1,652
-2,759

1,352
56
226
620
-1,660
2,182

13,256
16,852
20,115
12,921
15,160

19,291
22,642
17,042
18,573
17,148

-6,035
-5,790
3,073
-5.652
-1,988

-1,043
2,381

-7,078
-3,409

343
272
-1,71^

3,a6

6,136
3,316
-1,724

-5.380
-3,707

2,868
3,27S

-942
-92
1,692
-2,512
-429

94,696

-16,392

234

-16,157

13,374

73,305

-19,1*95
21*3

18 ,946

17,823
18,186
19,113
19,751

3,3U
-2,804
4,164

four columns may
Daily Treasury statement. Figures in the first
"sourcethe daily Treasury
differ somewhat from those originally published in
certain transstatement because of subsequent reclassification of
actions.

Table TUS-4.

-

1/

2/

-1,681*

1*09

-2,233

Beginning with the February 1963 Bulletin, figures have been revised,
as shown in the daily Treasury statements beginning January 2, 1963,
to exclude transactions of clearing accounts.
See footnote 1.
Previously inculded under cash withdrawals
.

Gold Assets and Liabilities of the Treasury
(In millions of dollars)

Gold assets 1/

End of cEaendar year or month

11,870
10,256
10,256

118
126
120
157
107
118
112
111
112

10,367
10,367

10,256
10,256

112
112

11,367
11,367
11,367
11,367
11,367
11,367

11,256
11,256
11,256
11,256
11,256
11,256

112
111
111
111

11,367
11,367
11,117
11,117
11,117

11,256
11,256
11,006
11,006

111
111
111
111

16,889
15,978
15,513
15,388
13,733 3/
13,159
11,982
10,367
10,367

1961
1962
1963
196 1*
1965
1966
1967
1968
1969

1969-Nov..

Dec.
1970- Jan.
Feb..
Mar..
Apr.
May.

June
July,
Aug.

Sept
Oct.
Nov.

daily
Circulation Statement of United States Money through 1965;
Treasxiry statement thereafter
,
Stabilization
Exchange
Treasury gold stock; does not include gold in
IFS-1.
See "International Financial Statistics," Table
Fund.
Federal Reserve
Comprises gold certificates held by the public and in
System, andgold
Banks, the gold certificate fund - Federal Reserve
Prior to
Fund.
deposited by and held for the International Monetary
against United
million
Nbrch 1968 also includes (l) reserve of $156

Source:

.

2/

"

ft

I

Balance of gold in
Treasurer's account

etc. 2/

ft

1/

Liabilities
Gold certificates,

.

4.

16,771
15,852
15,393
15,231
13,626
13,01*1

m
111

lid

11,007

Treasury notes of 189O and
States notes and through June 30, 1961,
- Federal Reserve notes (Pursuant to P.L.
(2) the redemption fund
combined with gold
90-269 approved I4irch I8, 1968, this fund was
certificate fund - Federal Reserve System).
million increase in its gold
The United States payment of the $259
Fund authorized by
subscription to the International Monetary
was made on June 30,
PL. 89-31,' approved June 2, 1965 (79 Stat. 119^
^

1/

1965.

Treasury Bulletin

22

.MONETARY STATISTICS,
Table MS-1.

-

Money

in Circulation

(In millions of dollars except per capita figures)

..

December 1970

25

FEDERAL DEBT,
Table FD-1.

-

Summary

of Federal Debt

(in millions of dollars)

Securities held by:

Total outstanding

End of
fiscal year
or month

Government accounts

PutHc
debt
securities
295,'t'ta

1961
1962
1963
1964
1965
1966
1967
1968
1969
1970

306,128
313,983
320,31*14

,

326,609
333, 28U
3l*'t,676

371,978
367,969

288,971
298,201
305,860
311,713
317,271*

319,907
326,221
31*7,578

Agency
securities

6,1*77

Total

5l»,291

918

7,927
8,123
8,631
9,335
13,377

51*,

18,1*55
2l*,399

73,819

ll*,2l*9

56,31*5

59,210
61,51*0
6U,781*
79,1'tO

Public
debt
securities

Agency
securities

53,687
51*, 255
55,638
58,598
61,071
61*, 316
71,809
76,138
81*, 815
95,170

The public 2/

IMF &: International
lending organizations

Public
debt
securities

11

Agency
securities

60l*

2,551*

663
707
611
U69

2,837
3,176
3,581
3,1*55

1*68

279,1*83

2,553

3,810
3,328
2,209
825
825

281*, 880

271*, 92I*

9,956

2,010
3,001

238,601*
21*8,373

232,731
21*1,109

5,873
7,26U

25!*, 1*61

21*7,01*6

7,1*16

257,553
261,611*

21*9,533
252,71*8

261*, 690

251,782

8,020
8,866
12,909

267,529
290,629

251,081*

16,1*1*5

269,231
268,080

21,398

383,1*28

353,720
370,919

12, 510

87,661
97,723

1968-Dec..

373,092

358,029

15,061*

79,1*12

76,567

2,81*5

1,825

291,855

279,636

12,219

1969- Oct..
Nov.

378,«9

364,394
363,112
363,226

14,045
13,905
13,820

89,003
39,886
91,927

86,142
87,023
89,042

2,861
2,363
2,885

325
325
825

288,612
291,306
289,294

277,427
230,265
273,359

ll,184r
11,042
10,935

13,755
12,966
12,937
12,948
12,670
12, 510

91,402
92,027
92,894
92,732
94,896
97,723

83,584

383,757
383,428

367,572
368,347
372,007
367,194
371,088
370,919

90,363
90,193
92,331
95,170

2,818
2,580
2,526
2,539
2,565
2,553

825
825
825
825
825
825

289,100
288,961
291,275
286,534
288,036
284,880

278,163
278,574
230,814
276,176
277,932
274,924

10,937
10,386
10,461
10,403
10,104
9,956

339,039
393, 370r
391,160r
392,665

376,568
380,901
378,678
380, 200

12,472r
12,469
12,482r
12,465

97,337
93,952
93,089
97,032

94,767
96,363
95,487
94,418

2,570
2,584
2,602
2,aj,

825
325

290,877
293,593
292,246
294,808

280,976
283,708
282,367
284,957

382,017
332,045

Dec.

331,327
381,813
334,994

1970-Jan..
Feb..
Mar.
Apr.
May.

380, U2

June.

July.
Aug.'.

Sept.
Oct..

Eediy Treasury statement and monthly statement of receipts and
expenditures of the Government.
Represents non-interest bearing public debt securities issued to the
International Monetary Fund, and prior to FY 1967 to the International
Development Association, and the Inter -American Development Bank in
recognition of U.S. Government subscription commitments. Since June

Solirce

1/

39,

U7

:

Table FD-2.

-

2,81*6

2/

825
825

11,1*03

9,902r
9,835
9,830r
9,851

1965 letters of credit have been Issued in lieu of the special notes.
All outstanding notes have been converted to letters of credit with
the exception of those for IMF.
Includes holdings of Federal Reserve banks.

Revised.

Computed Interest Charge and Computed

Interest Rate on Interest-Bearing Public Debt

(Do3-lar amounts In laillions)

Computed annual interest rate

End of
fiscal year
or month

Total
interestbearing
public
debt

285 ,672

1961
1962
1963

29I* 1*1*2

301 951*
307 .357
313 113
315 .itSl
322 ,286

I96I*

1965
1966
1967
1968
1969
1970

Marketable Issues

Computed
annual
interest
charge

8,761
9,519
10,119
10,900
11,1*67
12, 516

12,953

31*1+ ,1*01

15,1*01*

351 ,729
369 026

17.087
20, 339

1968-Dec.

355,11*9

16,339

1969- Nov..
Dec.

366,263

1970-Jan.,
Feb.
Mar.
Apr.
May.
June

July
Aug.
Sept
Oct.
Nov,

Total
interestbearing
public
debt

Bills
1/

Certificates

Treasury
bonds

Nonmarketable
issues 2/

Special
issues

)

.

Treasury Bulletin

24

FEDERAL DEBT.
Table FD-3.

-

Interest-Bearing Public Debt

(In millions of dollars

Public issues

interest-

Itotal

bearing
public
debt

public
issues

285,672

1961*

307,357
313,113

29I*, 1*1*2

301,951*

21*0,629
21*9,503

257,153
260,729
261*,l*63

187,11*8

36,723

13,338

56,257

196,072
203,508

1*2,036
1*7,230
50,71*0

13,51*7

65,1*61*

206,1*89

322,286

261*, 311
266,131

1*01

281*,87l*

351,729
369,026

281*,9l*0

292,702

208,695
209,127
210,672
226,592
226,107
232,599

1968-Dec.

355,11*9

296,003

1969-Nov.

366,263
366,221

365,620
366,858
369,963
365,099

315,1*31
31*1*,

Dec.

1970-Jan.
Feb.
Mar.
Apr.
May.

June

369,11*1*

369,026

53,665
5U,929
58,535

22,169

1,652
5,610

80,830
75,025

53,1*81
53,1*31
53,61*5

1*7,511*

5,830

1*7,607

1*,727

81,961*

1*8,311*

3,921

88,1*61*

5l*,2l*0

3,51*6

52,51*9
50,61*9

102,1*81

101,897

55,768
55,183

1*9,299
50,01*3

U9,108
71,073

97,1*18

55,1*59

52,11*5
67,281*

58,282
58,833
60,103

50,537
51,213
51,712
51,711
51,281

117
138
103
103
59
Ul*

Foreign
series
securities 1/

860
61*8

392
1,132
317

Foreign
currency
series
securities 2/

Special
issues
Other
3/

19
25
29
68

75
630
832
1,137
957
890

11*1

1*5,01*3
l*i*,939
1*1*,

801

1*6,627
1*8,650

1*5

621*

2,001
1,703
3,389

1,71*0

137
97
282

2,387

30
28
25

2,367
1,366

1,656

51,120
56,155
59,526
66,790
76,323

78,91*6
93,1*89

236,812

75,012

76,1*83

85,317

59,192

51,917

2,1*87

30

2, 111*

2,230

UlU

59,11*6

296,985
295,213

237,919
235,863

81,911*

85,1*11*

59,066
59,350

26

1,792
1,765

1,996
1,996

1,311*

51,51*9

2,1*28
2,1*26

21*

85,1*11*

70,591
69,878

51,512

80,571

69,278
71,008

295,503

236,321
235,968
238,195
233,998
236,561
232,599

81,081
81,171
83,729
79,657
80,056

85,1*08

69,832

59,182

51,1*1*8

2,1*21*

91,360
91,368
91,285

63,1*37

59,1*65
59,691*
59,3'*1

2,1*20
2,1*12
2,1*08

2,285
2,606
2,873
2,620

1,390
1,390

1,608
1,625
1,638
1,638

2,388
2,387

26
26
26
26
26
25

2,386
2,386
2,383
2,380
2,378

2U
23
23
23
24

295,1*33

297,889
293,339
295,831
292,702

76,151*

37lt,622

298,527

378,905
376,820
378,324
331,667

301,1*00

21*0,511

81,1*37
81,851*

300,139
302,876
306,024

239,330
242,180
244,447

80,691
83,697
34,625

237,821

93,1*99
93,1*89
93,1*87

99,925
99,940
99,825
101,211

Source
Daily Treasury statement
1/ Consists of certificates of indebtedness, Treasuiy notes beginning
January I963, and Treasury bonds beginning September I96I*, sold to
foreign governments for U. S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of indebtedness; Treasury bonds beginning October 1962; and Treasury notes beginning

63,098
63,056
63,006
62,956

59,270
60,103

51,398
51,325
51,285
51,307
51,281

62,897
58,733
58,699
58,658
58,612

60,707
60,888
60,809
60,696
61,577

51,300
51,375
51,414
51,537
51,693

:

j/

2,1*59

2,53"*

3,389
3,911
l*,076

3,971
3,755
4,637

1,1*20

1,366
1,366
1,366
1,366
1,366
1,366
1,366
1,366

561*

1,587

1,61*9

1,656
1,719
1,662
1,651
1.635
1,478

70,117
71,1*25
72,071*

71,760
73,313
76,323
76,091*

77,506
76,681
75,448
75,b4-

November 1966 issued and payable in designated foreign currencies,
Includes Treasury bonds. Rural Electrification Administretion series
beginning July 1960; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1963.
Treasury bonds beginning
January 1964; and U. S. savings notes beginning May 1967 and discontinued after June 30, 1970.

Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
(In millions of dollars)

End of

3,256
2,692
2,589
2,516

Depositary
bonds

76,151*

68,356

July

-

savings
bonds

Treasury
bonds
investment
series

91,079
78,805
62,956

61*, 1*1*0

Aug.
Sept
Oct.
Nov,

Table FD-4.

U.S.

Treasury
bonds

Certificates

Total

1961
1962
1963

1965
1966
1967
1968
1969
1970

Nonmarketable

Marketable

Total

End of
Fiscal year
or month

1/

December 1970

25

FEDERAL DEBT.
Table FD-5.

-

Special Public

(In millions of dollars)

End of
fiscal year
or month

Total

Federal
employees
retirement
funds

Federal

Debt Issues

Treasury Bulletin

26
FEDERAL DEBT.
Table FD-6.

-

Interest-Bearing Securities Issued by

(

In millions of dollars)

Government Agencies

December 1970

27
.FEDERAL DEBT.
Table FD-7.

-

Participation Certificates

Treasury Bulletin

28

FEDERAL DEBT.
Table FD-8.

-

Debt Subject to Statutory Limitation
(In millions of dollars)

Total outstanding sul>ject to limitation

End of
fiscal year
or month

Statutory
debt
limit

Total

3,852

355,149

3,832

371,322
371,435

367,479
367,592

3,844
3,842

366,263
366,221

377,000
377.000
377,000
377,000
377,000
377,000

370,784
371,385
374,520
369,705
373,595
373,425

366,939
368,214
371,375
366,562
370,456
370,288

3,845
3,171
3,145

395,000
395,000
395,000
395,000
395,000

379,071
383, toS
381,180
382,672
386,109

375,937
380,271
378,048
379,570
383,011

3,131*

361,242

377,000
377,000

1969 -Nov.

June
July
Aug.

Sept
Oct.
Nov.

220
424

357,390

365,000

1968-Deo.

Feb.
Mar.
Apr.
May.

1/

492
3,798
3,827
3,117

1970

1970- Jan.

District of
Public debt Agency
securities securities Columbia 2/

512
3,819
3,847
3,137

317,581
320,102
326,471
350,743
356,932
373,425

288,862
298,212
306,099

Dec.

Agency securities
& debt of District
of Columbia 1/

285,672
294,442
301,954
307,357
313,113
315,431
322,286
344,401
351,729
369,026

288,622
297,768
305,492
311,351
316,991
319,641
325,959
346,925
353,084
370,288

293,000
300,000
307,000
324,000
324,000
328,000
336,000
358,000
377,000
377,000

1961
1962
1963
196i
1965
1966
1967
1968
1969

Public debt
securities

Interest bearing debt
subject to limitation

312,161*

240

444
607
813
590

462

3,11*3

3,139
3,137

3,132
3,132
3,102
3,098

586

792
569
441

Matured debt and debt bearing no interest
subject to limitation

Public debt
securities

Agency
securities

)

)

::

December 1970

29

FEDERAL DEBT,
Table FD-9.

-

Status and Application of Statutory Limitation

The Second Liberty Bond Act ( 31 U.S. C. 757b) as amended
by the Act of June 30, 1970 (Public Law 91-301), provides that
the face amount of obligations issued under authority of that
Act, and the face amount of obligations guarant-^ed as to principal and interest by the United States, shall not exceed in
the aggregate $380 billion outstanding at any one time.
PublicLaw91-301 also provides that beginning July 1, 1970, and
ending June 30, 1971, the public debt limit shall be temporarily increased by $15 billion to $395 billion.
,

Part A.

-

The Act of June 30, 1967 (Public Law 90-39) providos
that the face amount of beneficial interests and participations issued imder section 302(c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717(c)) durinf^
the fiscal year 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in determining whether the requirements of the above provisions are
met.

Status Under Limitation

November

30, 1970

(In millions of dollars)

The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U .S .C . 757b

Amo\mt£ outstanding subject to statutory debt limitation:
U.S. Government secxirities Issued under the Second Liberty Bond Act, as ajnended
Debt of U .S Government agenc ies
Participation certificates {12 U.S.C. 1717(c))
.

395 ,000

383,011
498
2,600

Total amount outstanding subject to statutory debt limitation

8,891

Balance issuable under limitation

Part B.

386,109

Application of Statutory Limitation November 30, 1970

-

(In millions of dollars

Total
outstanding

Classification
Public debt:
Interest-bearing debt:
marketable:
Public issues
Treasury bills
Treasury notes
Treasury bonds

—

Total public issues

—

»

84,625
101,211
58,612

marketable

244,447

—

nonmarketable:
Public issues
Certificates of indebtedness:
Foreign series
Foreign currency series
Treasury notes
Foreign series
Foreign currency series
Treasury bonds
Foreign series
Treasury bonds
Treasury certificates
U .S s avings bonds
U .S sav ings notes
retirement plan bonds
U .S
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds, investment series

2,156
150
2,457
1,216
24
150
586
51 , 693
692
40

.

.

.

24

10
2,378

Total public issues -- nonmarketable

61

Special issues to Government agencies and trust funds
Total interest-bearing debt

Matured debt on which interest has ceased
Debt bearing no interest:
Special notes of the United States:
International Monetary Fund series
Mortgage Guaranty Insurance Company Tax and Loss Bonds
U .S savings stamps
Excess profits tax refund bonds
notes
U .S
Deposits for retirenent of national bank and Federal Reserve bank notes
Silver certificates
Other debt bearing no interest

S25

16
52
1

.

323
75
219

.

1-^

1*^21

Total debt bearing no interes t

383,640

Total public debt

Debt of U.S. Government agencies:
Interest-bearing debt
Matured debt on which interest has ceased

**"

^
'^'^^

Total debt of U.S. Government agencies

Total public debt and debt of U

.S

.

Government agencies

384,138
629

Deduct debt not subject to limitation
Add participation certificates

Total subject to limitation

•—I
386,1Q9__

"

.

Treasury Bulletin

30
.FEDERAL DEBT.
Table FD-10.

-

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

Agency
for
International
Development 1/

End of
fiscal year
or month

Secretary;
Conmiodity

Credit
Corporation

Rural
Electrification
Administration

Farmers
Home
Administration
programs
2/

1,107
1,062
807
735
712
689
662
638
544
512

11,534
12,990
13,599
13,990
13,111
11,768
10,097
11,989
12,115
12,262

3,332
3,484
3,657
3,828
4,075
4,234
4,518
4,770
5,045
5,328

456
854
1,027
1,170
1,235
1,436
1,415
1,454
1,583

197a

26,011
28,634
29,166
29,241
28,354
26,964
24,611
27,040
28.164
30,651

1968-Dac.

27,294

556

12,240

1969-Nov.
Deo.

29,994
30,248

541
531

1970-Jan.

30,288
30,435
30,556
30,586
30,912
30,651
30,049
30,759
30,688
31,393
31,385

1961
1962
1963
1964
1965
1966
1967
1968
1969

Feb.
Mar.
Apr.
May.
June

July
Aug.

Sept
Oct.
Nov.

ExportImport
Bank of
the
United
States
1/
1,698
1,830
1.476
830
513
178

Secretary

V

i,a6

362
720
1.586

1,213
1.567
2,005
2,302
2.753
3,133
2,670
1,937
1,570
2,261

3,202
3,167
2.716
2,393
1,899
1,466
1,329
1,950
2,427
3,133

4,931

1,487

149

1,470

2,436

11,869
12,350

5,245
5,145

1,667
1,654

1,422
1,268

1,980
1,980

2,790
2,866

526
526
526
526
526
512

12,088
12,231
12,266
12,233
12,131
12,262

5,216
5,316
5,316
5,316
5,328

i,a6

1,245
1,306
1,377
1,411
1,728
1,586

2,091

5,a6

1,745
1,344
1,317
1,337
1,408

512
512
512
512
512

11,398
12,076
11,895
12,515
12,380

5,428
5,428
5,528
5,528
5,628

1,387
1,349
1,301
1,295
1,302

1,585
1,610
1,620
1,646
1,626

authorization for specified government corporations and other agencies
to borrow from the Treasury.
Further detail may be found in the 1969
Statistical Appendix to Annual Report of the Secretary of the Treasury,
pages 308-12, and the 1969 Combined Statement of Receipts, Expenditures
and Balances of the United States Government, pages 589-91.
And predecessor agencies.
Beginning fiscal 1957 figures exclude notes
previously issued by the Administrator in connection with informational
media guaranties. The obligation for these notes was assumed by the
Director of the United States Information Agency, pursuant to the act
approved July 18, 1956 (22 U.S.C. I442) and the notes together with
others issued for the same purpose are included in "Other.
Farm housing and other loan programs. Agricultural Credit Insurance Fund
( formerly
Farm Tenant Mortgage Insurance Fund), and Rural Housing Insurance Fund.
Includes securities transferred from the Reconstruction Finance Corpo,

2/

.

^

ration.

ij

%J

Government
National
Mortgage
Assn.

Consists of notes issued to borrow for: The urban renewal program
(formerly slxim clearance program); college housing loans; and public
facility loans.
Consists of liabilities taken over by the Association from the

Tennessee

Other
6/

Valley
Author-

ity

V

32
32

Saint
Lawrence
Seaway
Development
Corp.
121
121

Veterans
Administration:

Direct
loan
program

Under
Defense
Production
Act
of 1950

Othe
8/

2/

100
100
100
100
100

123
123
124
125
125
129
133
133

1.330
1,530
1.730
1.730
1,730
1,730
1,730
1,730
1,730
1,730

1.964
1.976
923
019
056
023
850
854
2,032
1,996

100

129

1,730

1,916

141

285
249

100
100

133
133

1,730
1,730

2,051
2,051

181
181

2,450
2,435
2,375
2,261

2,991
3,025
3,056
3,079
3,113
3,133

199
10
10
10
10
10

100
150
150
150
150
100

133
133
133
133
133
133

1,730
1,730
1,730
1,730
1,730
1,730

2,043
2,043
2,043
2,043
2,008
1,996

181
181
181
183
183
183

2,316
2,331
2,371
2,396
2,396

3,256
3,286
3,294
3,325
3,342

10
10
10

100
100
100
100
100

133
133
133
133
131

1,730
1,730
1,730
1,730
1,730

2,010
2,010
2,010
2,010
2,010

183
183
183
183
183

2,U0

Source:
Daily Treasury statement.
Note:
These securities were issued to the Treasury in exchange for advances by the Treasury from public debt receipts under congressional

1/

Trans portation
Dept.

Housing and Urban
Development Department

griculture Department

6/

2/

8/

25

50
85
95

10
25

10
15

10

18

43

22
22
29
35
51

72
90
118
148
183

Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C.
1719 (c), 1720 (d), and 1721 (d)) arid also securities transferred
from the Reconstruction Finance Corporation.
Public Housing Administration 1960-1963; Federal Housing Administration
beginning January 1966; Housing Assistance Administration from
September 1968 - December 1969.
Consists of notes of: The Administrator, General Services Administration, for defense materials procurement; the Secretary of Agriculture;
the Secretary of Interior (Defense Minerals Exploration Administration); the Export- Import Bank of Washington through March 1962; and
the Secretary of the Treasury through May 1964
Consists of notes issued by the: United States Information Agency for
informational media guaranties ( see footnote 1) Secretary of Commerce
(Maritime Administration) for the Federal Ship Mortgage Insurance Fund,
fiscal years 1959-61 and 1963-67; Virgin Islands Corporation from
September 1959 - September 1968; District of Columbia Commissioners
for the Stadium Sinking Fund beginning June 1962; Secretary of the
Interior (Bureau of Mines) for development and operation of helium
properties beginning May 1964; and Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from January
1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning JiUy 1968.
;

December 1970

31

.PUBLIC DEBT OPERATIONS.
Table PDO-1.

-

Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and Annual Treasury Bills
Outstanding November 30, 1970
(In millions of dollars)

Tear
and
month
of final
maturity
1/

..
..

Treasury Bulletin

32

PUBLIC DEBT OPERATIONS.
Table PDO-2.

-

Offerings of Treasury Bills

(Anioimt in millions of dollars)

Description of new issue
Issue date

Number of
days to
maturity 1/

Maturity
date

Amount of bids accepted

Amount of
bids
tendered

Total
amount

On competitive basis

On noncompetitive basis 2/

In

exchange

_2/

Amount
maturing on
issue date
of new
offering

Total of
unmatured
issues out^
standing after
new issues

Regular weekly:
26-week)
f 13-week and
91
182

2,631.6
2,056.0

1,810.9
1,299.6

1,453.1
1,038.4

357.8
211.3

1,800.7
1,202.6

23,425.6
33,659.1

91
182

2,498.7
2,475.8

1,800.6
1,302.5

1,419.9
1,090.7

280.7
211.8

1,802.0
1,200.7

23,424.1
33,761.0

19
18

91
182

2,946.2
2,515.1

1,803.3
1,297.7

1,421.9
1,077.6

381.4
220.1

1,789.8
1,197.6

23,437.7
33,861.1

27
25

92
182

2,659.7
2,588.2

1,791.1
1,402.6

1,422.4
1,209.7

368.8
192.7

1,802.0
1,300.8

23,426.8
33,962.9

91
182

2,379.9
2,075.0

1,801.5
1,400.4

1,453.6
1,221.6

347.9
178.7

1,300.9
1,301.7

23,427.4
34,061.6

91

2,758.0
2,976.3

1,804.7
1,404.7

1,486.8
1,235.2

317.9
169.5

1,803.0
1,301.3

23,429.1
34,165.0

2,714.3
2,606.6

1,801.4
1,401.6

1,418.1
1,197.2

383.3
204.4

1,302.6
1,303.4

23,427.9
34,263.3

182

2,992.1
2,524.8

1,805 .Ir
l,395.2r

1,424.6
1,196.1

380.4
199.0

1,801.1
1,302.4

23,431.9r
34,356.0

91
182

2,453.3
2,485.6

1,800':9

l7'463''.l

33'/.8

i;'806"'6

23;426'.2

1,400.7

1,191.5

209.1

1,301.2

34,455.6r

1970- Aug.

-6

1970-Nov.
1971-Feb.

Aug.

13

1970-Nov.
1971-Feb.

12
11

Aug.

20

1970-Nov.
1971-Feb.

Aug.

27

1970-Nov.
1971-Feb.

Sept.

3

1970- Dec
1971-Mar.

Sept.

10

1970-Dec .
1971- Mar.

10
11

182

Sept.

17

1970-Dec
1971-Mar.

17
18

182

Sept.

24

1970-Dec.
1971-Mar.

2A
25

1

1^1970-Dec
1971 -Apr.

31
1

Oct.

1

91
91

91

8

Jan.
Apr.

7

Oct.

8

182

2,449.2
2,561.6

1,802.1
1,402.0

1,467.2
1,162.4

334.9
239.7

1,800.5
1,305.0

23,427.8
34,552.6

15

Jan
Apr.

li,

Oct.

15

91
182

2,780.2
3,443.6

1,802.5
1,404.2

1,481.1
1,195.3

321.5
208.9

1,803.3
1,300.8

23,426.9r
34,656.0

Oct.

22

Jan.
Apr.

21
22

91
182

3,155.9
2.100.5

l,801.3r
l,401,3r

1,411.3
1,169.6

389.5
231.4

1,801.7
1,302.5

Oct.

29

Jan.
Apr.

28
29

91
182

2,615.0
2,908.5

1,800.3
1,400.9

1,463.5
1,212.9

336.8
183.0

1,801.1
1,301.2

23,426.5r
34,754. 7r
23,425.7r
34,854.4r

3,230.0
2,448.0

1,329.7
1,402.4

1,490.0
1,201.1

339.7
201.3

1,810.9
1,301.0

23,444.5
34,955.8

Nov

.

5

Nov.

12

Nov.

19

Nov.

27

23

Oct

21

.

9-month and one-year
i^6^-Hov.

30

Dec.

31

4

91

6

182

May

11
13

182

2,877.3
2,940.2

1,802.5
1,401.1

1,476.1
1,213.6

326.4
187.5

1,800.6
1,301.7

23,446.4
35,055.3

Feb.

91

Feb

18

May

20

91
182

2,940.1
3,272.1

1,801.3
1,403.5

1,471.4
1,242.2

329.9
161.3

1,803.3
1,303.5

23,444.4
35,155.2

Feb

25
27

90
181

2,839.0
2,470.0

1,900.6
1,400.4

1,587.7
1,250.4

312.9
150.0

1,791.1
1,300.8

23,553.8
35,254.9

1971-Mar.

22

257

4,741.8

2,516.6

2,254.5

262.0

2,516.6

Apr.

22

273

4,734.8

2,261.2

2,028.6

232.2

4,777.8

June

22

244

5,592.9

2,515.1r

2.127.9

386.8

7,292.9r

Aug.
Nov.

31
30

273
365

1,522.2
2,249.5

500.7
1,001.2

480.6
939.1

20.1
72.1

139.2
275.5

500.1
1,000.9

4,504.1
12,613.7

Sept. 30
Dec
31

273
365

1,300.3
1,645.0

500.1
1,002.1

475.6
939.7

24.6
62.3

116.7
252.0

500.6
999.2

4,503.7
12,616.6
12,619.4

May

Tax anticipation:
8
1970-July
July

Feb

May

:

r
I

1970-Jan .

31

1971-Jan.

31

365

1,697.9

1,003.0

866.5

136.5

333.2

1,000.2

Feb.

2

1970-Oct.

31

271

1,344.3

501.8

474.9

26.9

200.8

500.5

4,505.0

Feb.

28

1971-Feb

28

365

1,884.0

1,200.1

1,096.0

104.1

258.6

1,000.4

12,819.2

1970-NOV.

30

273

1,228.0

500.1

476.8

23.3

150.4

500.2

4,504.9

Dec.

1971-Mar.

31
31

275
365

1,613.5
1,903.8

500.4
1,201.1

480.4
1,132.3

20.0
68.7

500.8
1,000.5

4,504.5
13,019.7

1,000.7
1,724.8

500.3
1,200.0

484.3
1,145.4

16.0
54.5

500.2
1,000.6

4,504.7
13,219.1

Mar

.

2

Mar.

31

Apr.

30

Jan.

31

Apr

30

276
365

May

31

365

2,401.0

1,200.2

1,146.4

53.8

1,000,2

13,419.0

June

1

Feb.

28

272

1,292.8

500.0

480.6

19.3

500.3

4,504.3

June

30

Mar.
June

31
30

274
365

1,243.2
1,774.0

500.6
1,201.4

446.7
1,126.2

53.8
75.2

500.3
1,201.4

4,504.6
13,419.0

Apr.
July

30
31

273

365

1,596.7
2,489.0

500.4
1,202.4

479.0
1,118.3

21.3
84.1

500.3
1,202.1

4,504.7
13,419.4

May

31
31

1,220.8
2,036.4

501.3

365

l,203.5r

476.0
1,139.4

25.4
64.2

500.7
1,200.5

4,505.4
13,422.4r

1,169.9
1,719.6

500.8
1,202.5

474.1
l,136'.l

26.7
66.4

500.1
1,005.3

4, 506. Or
i3,619.6r

May

31

July

31

Aug.

31

Sept.

30

June 30
Sept. 30

273
365

Oct.

31

Oct.

31

365

2,006.3

1,201.3

1,136.8

64.6

1,002.5

13,818.4r

Nov.

2

July

31

271

1,222.0

500.6

480.3

20.4

501.8

4,504.8r

30

Aug.
Nov.

31
30

274
365

1,323.2
1,853.7

500.8
1,200.5

479.8
1,160.7

21.0
39.8

500.1
1,001.2

Nov

.

Footnotes at end of Table PDO-4.

Aug.

273

(Continued on following page)

4,505.5
14,017.7

)

December 1970

33

PUBLIC DEBT OPERATIONS.
Table PDO-2.

-

Offerings of Treasury Bills

On total bids accepted

Issue date

Average price
per hundred

Equivalent average
rate A/

Regular weekly;
(11- week and 26- week)
1970- Aug

98.379
96.716

Percent
6.414
6.495

13.

98.354
96.622

6.511
6.681

98.350
96.670

6.526
6.587

98.416
96.796

6.197
6.338

98.397
96.710

6.342
6.507

Aug.

(

Aug.
Aug.

27.

Sept.
Sept.

98.391
96.686

10.

Sept.

Sept.

24.

Oct.

Oct.

29.

Nov.
Nov.

19.

Nov.

27.

Tax anticiDation

:

1970-July

8.

95.394

July

23.

95.068

Oct.

21.

95.954

9-Month and one-year

:

30...

94.102
92.303

Dec.

31..

94.084
92.334

1970-Jan.

31..

92.362

Feb.

2..

94.185

Feb.

28..

92.971

Mar.

2..

94.696

Mar.

31.,

95.340
93.783

Apr.

30.,

94.753
93 .091

May

1969- Nov.

31.

92.622

June

1.

94.445

June

30.

94.620
92.823

July

31.

"95.096
93.532
_
'

Aug.

31.

Sept.

30.

"

^

Oct.

31.

Nov.

2.

95.270
93.698
93 .844

95.368
'

30.

95.063
93.515

96.131
94.921

-

(Continued)

)

)

Treasury Bulletin

54

PUBLIC DEBT OPERATIONS.
Table PDO-3.

-

New Money Financing through

Regular Weekly Treasury Bills

(Dollar amounts in millions

Description of issue

Issue
date

1968July

5

July

11

July

July

Maturity-

Number of
days to

date

matiirity

Jl968-October
11969 January

J1968 -October
1 1969 -January

25

$1,601
1,100

5.1*01

10

91
182

2,637
1,996

1,602
1,102

5.368

5.1*67

9

91
182

2,1*76

J1968 -October
n.969 -January

2h
23

91
182

2,869
2,365

1,601
1,100

5.293
5.367

31
30

91
182

2,620'

2,320

1,599
1,101

5.192
5.288

91

2,532
2,279

;,6oo
1,103

1*.906

182

91
182

2,1+05

13

2,285

1,600
1,101

5.083
5,273

21
20

91
182

2,283

\i969 -February

2,031*

1,602
1,101

5.123
5.219

1968 -November
1969 -February

29
27

92
182

2,1*01*

1,600

5.17I*

2,271

1,101*

5.21*2

1968 -December
1969 -March

5

91
182

2,1*93

1,602
1,103

5.196

6

91
182

2,71*0

1,601
1,100

5.21*7

1,969

91
182

2,525
2,262

1,601
1,100

5.217
5.150
5,230

J 1966 -November

U969 -February

7
6

August

J 1968 -November

Xh

15

22

}

U 969 -February

J
1

/

5

1

J

September 12

1968 -November

1968 -December
-March
I

1968 -December
\l969-(*irch
J

September 19

1969-November

November

November
November

December

December

December
1970-January
January
January

January
January

February

March
March

19

20

102

99'

102

lOl*

lOlt

5.21*9

101

5.277

100

5.21*9

91
182

2,81*3

2,030

1,102

2

91
182

2,338
1,830

1,601
1,101

5.182

91
182

2,105
1,866

1,601
1,103

5.276
5.363

102

91
182

2,991*
2,291*

1,802
1,201

6.999
7.281

101

7

13
lU

92
182

2,779
2,593

1,800

7.157

^feLy

l,20l*

7.1*35

20

February
May

19
21

91

2,655
2,265

1,801
1,200

7.11*2

182

28

February
May

26
28

90
IQI

2,733
3,392

1,801
1,201

7.1*77

5

91
182

2,867
2,152

1,800
1,200

7.1*52

k

7.613

96

12
11

91
182

2,380
2,097

1,800
1,200

7.701
7.803

99

19
18

91
182

2,666
2,176

1,801
1,2Q1

7.920
7.921

101

90
181

2,441
1,872

1,809
1,209

7.805
7.815

118

2,426
2,216

1,802
1,202

8.095
8.IOI

93

91

-^-- -December

January
April

3

January
April

10

I

6

1970 -February
May

February

13

h

March
June

11

March
June

December

13

5.100

100

26
27

.

\i969 -March

October

12

2,709

5.557

i,6oi*

September 26

October

5.1*10

17
16

8

$100

588

1,601
1,101

August

September

5'.

2,625

^1969 -January

New money
increase, or
decrease (-)

(Percent

$2,119
1,981

J 1968 -October

29

accepted

Average rate
of bids
accepted 1/

90
181

1

August

of bids

3
2

August

August

/\:lioLUit

1968 -October
\i969 -January

J

18

Amount
of bids
tendered

March

18
26

June

3

9

10
5

March
,

June

5.281*

7.519

106

101

111*

99
102

8.028

April
July

2

90
181

April
July

9
9

182

2,720
2,514

1,804
1,207

7.960
7.991

109

April
July

16
16

91
182

2,876
3,159

1,802
1,205

7.837
7.783

102

April
Jul;/

23
23

91
182

3,160
2,532

1,802
1,204

7.788
7.66J

106

29

April
July

30
30

91
182

2,775
2,264

1,801
1,200

7.890
7.776

100

26

May
August

28
27

91

182

2,573
1,958

801
301

6.813
6.974

100

i,

91

September

3

182

2,458
2,192

1,801
1,302

6.868
6.773

102

June
Septeniber

11

91

10

182

2,986
2,832

1,798
1,301

6.877
6.729

98

18
17

91
182

3,051
2,685

1,803
1,303

6.837
6.707

104

25
24

91
182

.3,838
2,383

1,804
1,302

6.264
6.184

96

2

8

15
22

5

12

March

19

March

26

Footnotes at end of table

June

June

September
June

September

2

(Continued on following page)

December 1970

35

PUBLIC DEBT OPERATIONS.
Table PDO-3.

-

New Money

I

Financing through Regular Weekly Treasury Bills

-

(Continued)

(Dollar amounts in millions)

Description of issue
Issue

Maturity

date

date

;

July
October

April

9

July
October

April

16

July
October

April
April

1970-April

Number of
days to
maturity
91

Amount
of bids
tendered

Amount
of bids
accepted

Average rate
of bids
accepted 1/

New money
increase, or
decrease (-)

(Percent)

182

$2,604
2,098

$1,800
1,301

6.329
6.392

$ 91

91
182

2,618
2,696

1,802
1,305

6.408
6.455

102

16
15

91
182

3,088
2,447

1,802
1,301

6.310
6.247

98

23

July
October

23
22

91
182

2,768
2,272

1,803
1,303

6.476
6.494

103

30

July
October

30
29

91
182

2,445
2,906

1,801
1,301

6.876
7.253

101

6
5

91
182

2,869
2,846

1,801
1,301

7.184
7.493

99

May

7

August
November

May

lA

August
November

13
12

91
182

2,866
2,597

1,802
1,302

994
201

110

May

21

August
November

20
19

91
182

2,966
2,606

1,790
1,304

827
996

90

May

28

August
November

27
27

91
183

2,854
3,216

1,802
1,301

.133
,356

100

3

91
182

2,743
2,809

1,801
1,306

.824
,858

106

10

91
182

3,002
2,211

1,803
1,303

6.783
6.895

108

91
182

3,064
2,115

1,803
1,303

6.732
6.946

102

June

A

June

11

September
December

3

September 10
Itecember

June

18

September 17
December 17

June

25

September 24
December 24

91
182

2,838
2,412

1,801
1,303

6.626
6.929

90

91
182

2,357
2,659

1,507
1,303

6.422
6.602

108

July

2

October
December

July

9

October
January

8
7

91
182

2,381
2,170

1,801
1,311

6.643
6.657

102

October
January

15
14

91
182

2,916
2,873

1,803
1,305

6.547
6.644

100

19701971-

1

31

July

16

July

23

'l970- October
1971- January

22
21

91
182

3,014
2,458

1,802
1,300

6.385
6.442

95

30

'l970- October
1971- January

29
28

91
182

2,662
2,465

1,801
1,301

6.347
6.429

100

July

6

'l970- November
1971- February

5

91
182

2,632
2,056

1,811
1,300

6.414
6.495

107

4

August

13

1970- November
1971- February

12
11

91
182

2,499
2,476

1,801
1,303

6.511
6.681

100

August

20

1970- November
1971- February

19
18

91
182

2,946
2,515

1,803
1,298

6.526
6.587

114

August

27

'1970- November

27
25

92
182

2,660
2,588

1,791
1,403

6.197
6.338

91

6.342
6.507

99

August

September

2

1971- February
'l970- December
1971- March

3

4

91
182

2,380
2,075

1,802
1,400

1970- December
1971- March

10
11

91
182

2,758
2,976

1,805
1,405

6.366
6.555

105

'1970- December

1971- March

17
18

91
182

2,714
2,607

1,801
1,402

6.314
6.494

97

1970- December
1971- March

24
25

91
182

2,992
2,525

1,805
1,395

5.955
6.241

97

91
182

2,453
2,486

1,801
1,401

5.809
6.373

94

'

September 10
September 17
September 24

^1970- December
1971- April

31

October

1

October

8

January
April

7

91
182

2,449
2,562

1,302
1,402

6.024
6.412

99

8

October

15

Januaiy
April

14
15

91
182

2,780
3,444

l,802r
1,404

6.029
6.224

103

October

22

January
April

21
22

91
182

3,156
2,100

1,801
1,401

5.943
6.129

98r

October

29

January
April

28
29

91
182

2,615
2,909

1,800
1,401

5.830
6.117

99

1

November

5

February
May

4
6

91
182

3,230
2,448

1,830
1,402

5.655
5.772

120

November

12

February
May

11
13

91
182

2,877
2,940

1,803
1,401

5.461
5.653

101

Nqvember

19

February
May

18
20

91
182

2,940
3,272

1,801
1,403

5.283
5.405

98

^'ovember

27

February
May

25
27

90

2,839
2,470

1,901
1.400

4.759
4.855

209

181

Source:

See Table PDO-2.

1/

Eqiiivalent average rate on banlc discount basis.

Revised,

Treasury Bulletin

36

PUBLIC DEBT OPERATIONS.
Table PDO-4.

-

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

Date subscription books

December 1970

37
PUBLIC DEBT OPERATIONS.
Table PDO-4.

-

Offerings of Public Marketable Securities Other than

Regular Weekly Treasury Bills

-

(Continued)

.

.

.

.

,

Treasury Bulletin

38

PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4
Source:
Bureau of the Public Debt.
For bill issues, always sold at auction the rate shovm is the equiv1/
alent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6. For details
of bill offerings, see Table PDO-2,
From date of additional issue in case of a reopening,
2/
In reopenings, the amount issued is in addition to the amount of
2/
original offering.
For securities exchanged for the new issues, see Table PDO-8.
Tax anticipation bill, acceptable at face value in payment of income
i/
taxes due on the 15th of the month in which the bills mature.
b/
Price at which issued appears in either Table PDO-5 or PDO-6.
Paynent for subscriptions allotted could be made in cash or in
7/
Treasury bonds or notes, maturing on the issue date of the new security.
Consists of allotments paid for with Treasuiy bonds or notes maturing
8/
on issue date of new security.
As provided in the offering circular subscriptions were allotted in
2/
full (1) for States, political subdivisions or instrumentalities
thereof, public pension and retirement and other public funds.
international organizations in which the United States holds membership and foreign central banks and foreign states where the subscriber certified that it owned securities maturing August
15, 1968
these totaled $123 million, (2) for Federal Reserve banks and Government accounts, these totaled $4,311 million, and
O) those for
$250,000 or less. All other subscriptions were allotted 18 percent
but in no case less than $250,000.
Exchange offering available to owners of nonmarketable 2-3/4)8 Treasury
10/
bonds. Investment Series B-1975-80, dated April 1, 1951. For
further
information on the original offering see Treasury Bulletin for April
1951, page A-1. Amounts shown are as of November 30 1970
Includes $5,336 million of the 5-^/3% notes and
11/
$1,043 million of the
5-3/4^ notes allotted to Federal Reserve banks and Government accounts
Lncludes $6,105 million of the 6-3/8;6 notes and
12/
$2,833 million of the
6-1/4? notes allotted to Federal Reserve banks and Government accounts
Sale of a "strip" of Treasury bills consisting of an additional
12/
$200
million of series maturing on April 30, May 31, June
30, Julv 31, and
August 31, 1969.

V

li/

15/

16/
17/

3J/

i2/

22/
Si/
22/

22/
2iJ

25/
26/

22/

P

Sale of a "strip" of Treasury bills consisting of an additional $300
million of series maturing on May 8, May 15, May 22, May 29, June 5
and June 12, 1969.
Includes $261 million of the 6-3/8? notes and $473 million of the 6-1/2?
notes allotted to Federal Reserve banks and Govemment accounts.
Includes $125 million allotted to Federal Reserve banks and Government
accounts
Sale of a "strip" of Treasuiy bills consisting of an additional $303
million of series maturing on September 18 and 25, and October 2 9
16, 23, and 30, 1969.
Includes $565 million of the 3% notes, $125 million of the. 7-3/4?
notes, and $564 million of the 7-1/2? notes, allotted to Federal
Reserve banks and Government accotints
Includes $292 million of the 8-1/4? notes, $288 million of the 8-1/8?
notes, and $458 million of the 8? notes, allotted to Federal Reserve
banks and Government accounts
Includes $2,421 million of the 7-3/4? notes and $2,125 million of the
8? notes allotted to Federal Reserve banks and Government accounts
All subscriptions were allotted In full. Subscriptions for Government
accounts and Federal Reserve banks totaled $7,005 million.
Includes $151 million of the 2/15/74-C notes and $479 million of the
8/15/77-B notes allotted to Federal Reserve banks and GovemuEnt

accounts.
This is amount of bonds and notes maturing August 15, 1970 exchanged
by Federal Reserve banks and Government accounts
Subscriptions from the public for $200,000 or less were allotted in
full and those above that amount were allotted 9-1/2? but not less
than $200,000.
Includes $842 million of the 7-1/4? notes and $811 million of the 7-1/2?
notes allotted to Federal Reserve banks and Govemnejit accounts.
Sold at auction through competitive and noncompetitive bidding. Prices
accepted ranged from 100.93 (yield 6.09?) down to 100.69 (yield 6.26?).
Sale of a "strip" of Treasuiy bills consisting of an additional $301
million of series maturing on Januaiy 7, 14, 21, and 28, and February
4, 11, and 18, 1971.
Preliminaiy.

Footnotes to Table PDO-2
Source:
Dally Treasury statement; Bureau of the Public lebt.
The 13-week bills represent additional issues of bills with an
1/
original maturity of 26-weeks and the 9-month bills represent
additional issues of bills with an original maturity of one-year.
For
13-week, 26-week, 9-month, and one-year issues, tenders for
2/
$200,000 or less from any one bidder are accepted in full at average
prices of accepted competitive bids; for other Issues, the corresponding amount is stipulated in each offering announcement.
Reports of exchanges of Treasury bills were discontinued effective
2/
March 12, 1970.
Bank discount basis.
Except $850,000 at 98.379, $10,000 at 98.370, and $400,000 at 98.367.
5/
Except $240,000 at 98.370.
6/
Except $1,000,000 at 96.688.
2/
Except $600,000 at 96.710.
8/
Except $500,000 at 96.850 and $300,000 at 96.815.
2/
Except $10,000 at 98.522 and $200,000 at 98.503.
10/
n/ Except $300,000 at 98.701.

12/

December 1970

39

PUBLIC DEBT OPERATIONS.
Table PDO-5.

-

Unmatured Marketable

Date of
financing

Description of securities

Amount issued
(in millions)

1971
i

3/9/62

3/15/71

Bond

I

$1,154
1,651

Bond

-

11/15/71 5/

3/15/63

Adjustment payments
at issue (per $100
of face value) 1/
By
Treasury

V
V

To
Treasui^'

$2.00

Advance Refunding Operations

Effective
yield 2/

3.75

Investment
yield 2/

Eligible securities exchanged

4.11%
4.10

3%

3-1/2^ Certificate
3-1/8% Certificate
2-1/2% Bond
Bond
3!?

3/15/63-C
11/15/63-D
8/15/63
2/15/64

2/15/63-A
2/15/63-A
2/15/63-E
5/15/63-B
5/15/63-D
5/15/63-B

5/15/64-B
5/15/64-A
5/15/64-D
5/15/66
3/15/66-A
2/15/6V-B
8/15/67-A

Bond

2-5/8J5 Bond

2/15/64
2/15/65

V
V
V
V

H.IO
0.90
0.70
0.70

3.97
3.97

3.97
3.96
3.97
3.96

370
259
402
449 1/
720
379

V
V
V
V
V

0.70
0.30
0.60
0.60
0.60
1.20

4.09
4.04
4.07
4.07
4.08
4.15

4.06
4.05
4.06
4.06
4.06
4.07

3-1/2%
2-5/8%
3-1/4%
3-1/4%
3-1/4%
4%

Certificate
Note
Note
Certificate
Note
Note

500
214
782
621
340 i/
721
716

V
V
V
V
V

1.15
2.10
1.45
1.15
1.80
0.40
0.70

4.14
4.26
4.18
4.16
4.22
4.07
4.12

4.15
4.14
4.14
4.15
4.15
4.15
4.14

3-1/4%
4-3/4%
3-3/4%
3-3/4%
4%
3-5/8%
3-3/4%

Certificate
Note
Note
Bond
Note
Note
Note

3q2
232
344
213
769
334

0.90
1.25
0.75
0.90
0.95
1.10
0.55
0.70
0.15

4.24
4.29
4.22
4.24
4.25
4.27
4.20
4.23
4.17

4.22
4.22
4.22
4.22
4.23
4.23
4.24
4.23
4.23

Note
5%
4-7/8% Note
3-3/4% Note
3-3/4% Note
3-7/8% Note
Note
4%
3-5/8% Note
3-3/4% Bond
3-5/8% Note

8/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-C
8/15/66-A
2/15/66-B
5/15/66
2/15/67-B

0.65
0.50
0.95
0.45
0.75
0.55
0.10

4.21
4.19
4.26
4.19
4.22
4.20
4.16
4.08

4.23

4.24
4.24
4.24
4.24
4.24
4.24
4.24

2-5/8% Bond
3-1/2% Note

2/15/65
11/15/65-B
ll/15/65-E
2/15/66-B
2/15/66-C
5/15/66
3/15/67-A
11/15/67

3.83
4.04
4.08
3.97

3.97
3.98
3.98
3.97

4.30
4.32
4.25
4.25
4.31
4.17

4.25
4.25
4.25
4.25
4.25
4.25

4-7/8%
3-3/4%
3-3/4%
4-5/8%
2-5/3%

4.20

2-5/8% Bond

4.04
4.04
4.04
4.04
4.04

3-1/2%
3-1/8%
3-1/2%
3-5/8%
2-1/2%
3%
3%
3-3/8%

f.93

3-7/B%

Securities Issued in

94
532
196

4.03
4.00

1,:15

1972

A%

9/20/62

8/15/72

Bond

1973

A%

^-1/3?

Bond

Bond

8/15/73

-

9/18/63

11/15/73

7/24/64

,103

297
503

V
V
V
V
V

1974
493
416
140

4-l/8ie

Bond

-

1/19/65

2/15/74

V
V
334 V
400 V
147 V
461 V
739
V

0.25

Note
4%
3-5/8% Note
3-7/8% Note
3-3/4% Bond
3-3/4% Note
3-5/8% Bond

3,130

3-7/8?

Bond

-

11/15/74

5/'

3/15/63

251
136
314
373

V
V
V
V

1.50
1.70
0.90

3-3/8% Bond

8/15/66
11/15/65-B
2/15/66-B
11/15/66

Note
Note
Note
Note
Note
Bond

3/15/64-B
11/15/64-C
8/15/64-E
11/15/64-F
5/15/65-A
2/15/65

Bond
3%
3-1/2% Note
3-5/3% Note

1,074
1975

4-l/A%

Bond

- 5/15/75-85 5/

1/29/64

106
117
239
158
76
53

V
V
V
V
V
V

0.75
0.95
0.05
0.05
0.90
1.15

5%

743

1980

3/9/62

4?

Bond

2/15/80 5/
3/15/63

V
17 V
2 V
195 V
420 V
49 V
24 V
210 V
213 V

0.25

563

0.90
0.70
1.00
1.20
0.50
0.50
0.50
0.40

1,131

Footnotes at end of table.

(Continued on following page)

4.07
4.06
4.08
4.11
4.04
4.04
3.96
4.03

4.03
4.03
4.03

Certificate
Certificate
Note
Note
Bond
Bond
Bond
Bond

2/15/65

3/15/63-C
11/15/63-D
11/15/65-B
2/15/66-B
8/15/63
2/15/64
8/15/66
11/15/66

Treasury Bulletin

40

PUBLIC DEBT OPERATIONS.
Table PDO-5.

-

Unmatured Marketable

Securities Issued in

Advance Refunding Operations -(Continued)

December 1970

41

.PUBLIC
Table PDO-6.

-

DEBT OPERATIONS,

Unmatured Marketable

Securities Issued at a

Premium

or

Discount

Other than Advance Refunding Operations

Description of securities

1221

Date of
financing

Amount issued
( In millions)

Average price
per hundred

Effective
interest
rate

Eligible securities exchanged

Treasury Bulletin

42

PUBLIC DEBT OPERATIONS.
Table PDO-6.

Description

Unmatured Marketable Securities Issued
Other than Advance Refunding Operations
-

at a
-

Premium

(Continued)

or Discount

December 1970

43
.PUBLIC

Table PDO-7.

-

DEBT OPERATIONS.

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

-

Other than Treasury

{In millions of dollars)

Issues

Bills

i,'

Treasury Bulletin

44
.PUBLIC
Table PDO-7.

-

DEBT OPERATIONS.

Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series
{In millions of dollars)

December 1970

45
.PUBLIC

Table PDO-7.

-

DEBT OPERATIONS.

Allotments by Investor Classes on Subscriptions for Public Marketable Securities

Part B.

-

Treasury

Bills

Other than Regular Weekly Series
(In millions of dollars)

-

(Continued)

B

B
C

.

Treasury Bulletin

46

PUBLIC DEBT OPERATIONS.
Table PDO-8.

-

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury Bills

Description

Issue
dste

Results of exchange offers

Disposition offers
by Treasury

Called or maturing securities l/

Amount
oul^

standing

Cash
retirement

Exchange
security
offered

Ex-

changed

Turned
in for
cash 2/

Description of new
securities offered
(See also Table PDO-4)

(In millions of dollars

5.313" Bill

7/31/68
7/31/6B

7/31/67
7/31/67

1,001
501

Note
Bona

8/15/68-C
8/15/68

5/15/67
4/18/62

5,936
2,640

5.150f. Bill

3-3A%

l,00l\
501J

5,936
2,640

3,576

3,576

8/31/67
8/31/67

1,000

Bill

3/31/68
8/31/68

ZiS Bill
•?% Bill

9/30/68
9/30/63

9/30/67
9/30/67

1,000
500

:0% Bill
ZZf.

1,494
2,212

4,370

3,7061/

Note

10/1/68- EO

10/1/63

115

10/31/68
10/31/68

10/31/67
10/31/67

1,002

(5-1/i,% Note

11/15/68-D

5/15/67

8,984

3-7/3fo Bond

11/15/63

9/15/63

1,158

12/15/68

S,663

564

5-5/8? Note
5-3/4? Note

-

633

5-5/8? Note
5-3/4? Note

-

346

-

B-1970
A-1974

5-5/8? Note
5-3/4? Note

-

B-1970
A-1974

I

LI, 682
I

5fa5

12/1/42

Total

400
11,929

Bill

8/1 5/74-

500

247J
[2-1/2% Bond

h-5/8? Note

500

Dl% Bill
ilS Bill

/2f<,

V

4,442
428

J

11,929

985

-

7,793 of 5-5/8? Note
2,329 of 5-3/4? Note

11/30/68
11/30/68

11/30/67
11/30/67

1,000

f5.431f«
5.240? Bill

Bond

12/15/68

12/1/42

822

5.5445; Bill
5.423iJ Bill

12/31/68
12/31/68

12/31/67
12/31/67

1,000
500

500 fi/

5.267^ Bill
5.665f. Bill

1/31/69
1/31/69

1/31/68
1/31/68

1,000
500

1,000 I,/
500'-^

2/15/69-A

11/15/67

10,738

10,73s

964

5-3/8? Note
I6-I/4? Note

-

5/8% Note

2/15/69

3/15/62

3,728

3,728

1,000

(6-3/8? Note
1^1/4? Note

-

12, 502

1,964

|8,764 of 6^3/8? Note
3,739 of 6-1/4? Note

1,703
[1,743

826

2-1/2?'.

i%

Total

500

i,ooo"\,
fi/

500/-

822
1,000"'

14,466

(5.281f, Bill

-

6.066% Bill
5.399? Bill

14,466

2/29/68
2/29/68

1,002

-

2/28/69
2/28/69

500

500j-^

-

3/24/69

7/11/68

2,015

2,015 6/

{5.475? Bill
5.745? Bill

-

3/31/69
3/31/69

3/31/68
3/31/68

1,000

1,000"^

1-1/2? Note

-

4/1/69- EA

4/1/64

61

5.426? Bill

-

4/22/69

7/11/68

2,015

2,015 6/

p. 66 3? Bill
(5.342? Bill
^5.907? Bill

-

4/30/69
4/30/69
4/30/69

4/30/68
4/30/68
4/30/68

1,001

1,001"
500

2/21/68

4,277

4,277

4/15/43

2,541

2,541

626
949

6,818

6,818

5,026

326

3,366

2,924

442

Note
[2-1/2? Bond

-

5/15/69-

6/15/69

Total.

079? Bill
5.245? Bill
907? Bill

5/31/69
5/31/69
5/31/69

5/31/68
5/31/63
5/31/68

500

500
200

1,002
501
200

500

-

D-1970
B-1976

(6-3/8? Note
i6-l/2? Note

-

D-1970
B-1976

(2,329 of 6-3/8? Note
(2,697 of e^l/2? Note

501)2/

4/15/43

966
3,010
2,001
1,759

3,010^
2,001)6/
1,759/

f5.732? Bill
(5.202? Bill
V5.907? Bill

6/30/69
6/30/69
6/30/69

6/30/68
6/30/68
6/30/68

1,002

1,002"^

{5.310? Bill
5.446? Bill
5.907? Bill

7/31/69
7/31/69
7/31/69

7/31/63
7/31/68
7/31/68

1,001

5/15/63

3,366

Footnotes at end of table.

A- 19 76

(6-3/3? Note
i6-l/2? Note

200/^

10/24/68
10/24/68
10/24/68

8/1 5/69-

I

1,002"!

6/23/69
6/23/69
6/23/69

Note

C-1970

21

6/15/69

6?

C-1970
A- 1976

61

2-1/2? Bond

502
200

-

i/

(5.178? Bill
5.489? Bill
5. 91*0? Bill

501
200

B-1970
A-1974

966

501

h/

2ocLr
i,ooi--|

502 h/
2oar

(Continued on following page)

7-3/4? Note

December 1970

47
.PUBLIC DEBT OPERATIONS
Table PDO-8.

-

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury

Bills

-

(Continued)

Treasury Bulletin

48

PUBLIC DEBT OPERATIONS,
Table PDO-8.

-

Disposition of Public Marketable Securities

Other than Regular Weekly Treasury Bills

Date of

-

(Continued)

December 1970

49

PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars

Treasury Bulletin

50

PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

December 1970

51

PUBLIC DEBT OPERATIONS,
Table PDO-9.

Foreign Series Securities (Nonmarketable)

-

Issued to Official Institutions of Foreign Countries

-

(Continued)

(Payable in U.S. [lollars)

Month of
activity

Issue
date

Seciirities

Maturity
date

Interest
rate

Issued

Retired

f-n

f

(^

10/3/63

U/U/68
11/20/68
11/20/68
11/21/68
11/22/68
11/25/68
11/29/68
11/29/68
11/29/68
12/2/68
12/2/68
12/2/68
12/3/68
12/3/68

12/V68
1968-Dec

Certificates of indebtedness

12/5/68
12/6/68
12/9/68
12/9/68
12/11/68
12/11/68
12/16/68
12/16/68
12/16/68
12/17/68
12/17/68
12/18/68
12/19/68
12/23/68
12/26/68
12/27/68
12/30/68
12/31/68

r 3/31/66
I

J

12/20/t.8

12/23/68
12/24/68
12/27/68
12/31/68
12/31/68

^

1969- Jan.

5/13/68
12/16/68

12/31/68
3/13/70
4/30/70
4/30/70
4/30/70
6/25/73
6/27/73
11/2/70
7/2/73

4.86
5.74

11/29/68
12/9/68
12/11/68
12/16/68
12/16/68
12/17/68
12/17/68
12/18/68
12/23/68
1/3/69
1/3/69
1/6/69
1/6/69
1/7/69
1/8/69
1/8/69
1/10/69
1/13/69
1/13/69
1/16/69
1/17/69
1/20/69
1/21/69
1/22/69
1/23/69
1/24/69
1/24/69
1/24/69
1/27/69
1/27/69
1/28/69
1/28/69
1/29/69
1/30/69
^^1/31/69

2/19/69
2/6/69
2/19/69
3/10/69
2/19/69
3/10/69
3/17/69
3/17/69
3/17/69
2/19/69
2/18/69
2/19/69
2/18/69
4/3/69
2/18/69
2/18/69
4/3/69
2/18/69
2/18/69
4/14/69
4/3/69
4/3/69
4/3/69
4/3/69
4/3/69
4/3/69
2/18/69
2/19/69
4/3/69
2/18/69
4/3/69
2/18/69
4/3/69
2/18/69
4/3/69
2/18/69

'11/26/68
11/29/68
12/2/68
12/6/68

2/27/69
2/20/69
2/20/69
2/20/69

/'11/19/68

Certificates of indebtedness

5.30
5.55
5.55
5.50
5.55
5.50
5.50
5.55
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.50
5.65
5.50
5.50
5.50
5.80
5.80
5.50
5.80
5.80
6.00
5.80
6.00
5.80
5.50
5.50
5.50
5.50
5.50

(Continued on following page)

5.93
6.02
6.21
6.00
5.97
6.40
6.00

1

1
11

300
1

300
21
12
10

41
33
19

33

10
31

10
31

9
25
7

9
25
7

16

24
8

29

10

10
11
1

66

.50

5.50
6.20
5.50
6.20

66

5

33
45
14
38
21
7

14

24
5

40
75
75

50
2

20

40
100
40
25
8
29
11

80

.20
.20
.20
.20
.20

1

12
5

12

24
7

7

55
15

15

4
42

42

5

5

5

21
36
10

21
36
10

20
20
10
25
8
6

11
4
21
32

11

32

40
4

4

20
5

5.1*5

5.50
5.50
5.50

2,1U

)

2

50
55
50

50
80
5.80
6.00
6.00
5.50
5.50
5.50
5.50
6.20
5.50
5.50
6.20
5.50
5.50
6.25
6.20

;

(In millions of dollars)

Percent)

1/7/D9
2/6/69
2/6/69
2/20/69
2/6/69
2/21/69
2/24/69
2/6/69
2/20/69
2/24/69
2/19/69
2/20/69
2/24/69
2/19/69
2/24/69
2/19/69
3/5/69
2/20/69
2/19/69
2/20/69
3/10/69
3/11/69
2/19/69
3/10/69
3/17/69
3/17/69
3/17/69
3/17/69
3/17/69
2/19/69
2/19/69
2/19/69
2/19/69
2/19/69

'jutstanding
of month

1< 't^il

4

80
21
19
2

>

2,215

Treasury Bulletin

52

PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)

December 1970

53

.PUBLIC
Table PDO-9.

DEBT OPERATIONS,

Foreign Series Securities (Nonmarketable)

-

Issued to Official Institutions of Foreign Countries
(Payable in U.S. Dollars

Month of
activity

Essue

date

3/5/69
3/6/69
3/12/69
3/13/69
3/20/69
3/2lt/69

3/2U/69
3/26/69
3/27/69
3/31/69
3/31/69

V2/69
lt/3/69
It/3/69
lt/lt/69

V9/69
Vlo/69
lt/ll/69

U/1V69
1969 -Apr

Certificates of indebtedness

<

U/15/69

»

V16/69
k/n/69
U/17/69
U/17/69
U/22/69

V22/69
lt/2lt/69

l*/25/69

U/25/69
lt/25/69

't/25/69

U/28/69
U/29/69
l*/29/69

"5/13/68

^2/20/69
2/2U/69
2/26/69
3/6/69
3/7/69
3/10/69
3/12/69
3/13/69
3/20/69

V2/69
»*/3/69
l*/3/69

U/U/69
U/9/69
l*/lO/69

U/17/69
l*/22/69
I./25/69
lt/25769
lt/25/69

Certificates of Indebtedness
May.

U/28/69
U/29/6q
5/1/69
5/6/69
5/6/69
5/8/69
5/9/69
, 5/12/69
< 5/12/69
^ 5/12/69
5/12/69
5/13/69
5/1U/69
5/1^/69
5/15/69
5/15/69
5/15/69
5/15/69
5/15/69
5/16/69
5/16/69
5/19/69
5/19/69
5/19/69
5/21/69
5/22/69
5/23/69
5/23/69
5/26/69
5/27/69
5/28/69

Maturity
date

1

Interest
rate

-

(Continued)

Treasury Bulletin

54
PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

issued to Official Institutions of Foreign Countries

-

(Continued)

December 1970

55

PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U. S. Dollars)

Month of
activity

-

(Continued)

Treasury Bulletin

56
.PUBLIC
Table PDO-9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

December 1970

57
.PUBLIC
Table PDO-9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
{Payable in U. S. Dollars)

-

(Continued)

58

Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries
(Payable in U.

S.

Dollars)

-

(Continued)

December 1970

59

PUBLIC DEBT OPERATIONS.
Table PDO-9.

Foreign Series Securities (Nonmarketable)

-

Issued to Official Institutions of Foreign Countries
!

Month of
activity

Issue
date

Securities

-

(Continued)

Payable in U.S. Dollars)

Maturity
date

Interest
rate

Total outstanding
end of month

(Percent)

2/13/70
2/18/70
2/19/70
2/19/70
2/19/70
2/25/70
2/26/70

3/16/70
3/16/70
3/12/70
3/16/70
5/19/70
5/25/70
5/26/70

7.70
7.70
7.70
7.70
6.80
6.85
6.85

12/31/68

11/2/70

6.40

12/1/69
12/10/69

3/2/70
3/10/70

12/2V69

3/2't/70

12/26/69
1/15/70
1/19/70
1/20/70
1/21/70
1/21/70
2/2/70
2/2/70
2/3/70

3/10/70
3/31/70
3/31/70
3/31/70
3/31/70

7.50
7.70
7.80
7.70
8.10
8.10
8.10
8.10
8.00
7.70
8.10
8.10
8.10
8.10
6.85
7.70
8.10
6.85
7.70
7.70
7.70
7.70
7.70
6.90
6.90
6.85
6.30
6.35

'

2/V7O
2/6/70
2/26/70
3/2/70
3/2/70
3/2/70
3/3/70

Certificates of indebtedness
1970-Mar

.

3/lt/70

3/5/70
3/6/70
3/6/70
3/12/70
3/16/70
3/23/70
3/2U/70
3/31/70
'

5/13/68
3/2/70
3/26/70
3/31/70

>

Certificates of indebtedness

1/8/70
1/16/70
1/21/70
1/29/70
2/2/70
2/2/70
3/16/70
3/31/70

<

V8/7O
Apr.

lt/16/70

V28/70
It/29/70

3/10/70
3/31/70
3/31/70
3/31/70
3/31/70
5/26/70
3/16/70
3/31/70
6/2/70
3/16/70
3/16/70
3/16/70
3/12/70
3/16/70
6/11/70
6/15/70
6/23/70

6/2V70
6/30/70
3/13/70
6/17/71
7/22/71
7/29/71

U/8/70

7.125
6.70
6.79

15
6
15
10
u

19
3

9
20
19
17
36
11*

7

100
13
11
15
62

13
11

70
9
30

70

1*6

1*6

30
200
20

20

U/13/70

3.00
7.90
7.85
7.80
6.90
6.35
6.1*0
5.l»2lt

6.90
6.90

271
250
15
130
30
30
180
1*5

271
250
10
70

2/3/70
2/10/70
2/25/70
2/26/70
3/2/70
3/23/70
3/24/70
4/28/70
4/29/70
5/4/70
5/5/70
5/11/70

5/4/70
5/11/70
5/25/70
5/26/70
6/2/70
6/23/70
6/24/70
7/28/70
7/29/70
8/4/70
8/5/70
8/11/70

.75
.35
.85
.85
.85
.85

6.30
6.90
6.90
6.90
7.20
7.20

12
15
18

fl2/2l/68
( 5/15/70
5/15/70
1

11/2/70
5/27/71
6/24/71

6.40
7.60
7.60

100
100

,

(Continued on follovring page)

2,620

75
75
50

U/30/70

Certificates of indebtedness

30

m

6.1*0
6.81*
7.1*6

.

9

30

100
100
100

11/2/70
8/26/71
9/23/71

V9/70

V 30/70

62

1*5

V30/7O

V3O/70

2,873

15

8.00
5.U2lt

U/20/70
U/27/70
6/15/70
6/30/70
7/8/70
7/16/70
7/28/70
7/29/70

25

200

5.71+

lt/l6/70

V29/7O

14
30
30
162
150

5.93
6.02
6.21

ri2/l6/68
12/20/68
J 12/23/68
^ 12/31/68

May,.

l*/l3/70

(In millions of dollars)

14
30
30
162
150

3

100
200
12
18
25
100
15
20
15
10
70
12
15
18

)

2,534

Treasury Bulletin

60
,

PUBLIC DEBT OPERATIONS,

Table PDO-9.

-

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

December 1970

61

.PUBLIC
Table PDO-9.

-

DEBT OPERATIONS.

Foreign Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

-

(Continued)

Treasury Bulletin

62

PUBLIC DEBT OPERATIONS.
Table PDO-10.

-

Foreign Currency Series Securities (Nonmarketable)

Issued to Official Institutions of Foreign Countries

December 1970

63

PUBLIC DEBT OPERATIONS^
Table PDO-10.

Foreign Currency Series Securities (Nonmarketable)

-

Issued to Official Institutions of Foreign Countries

-

(Continued)
Amount
(Dollar equivalent)

Month of
activity

Payable

Securities

Issue
date

Maturity
date

Interest
rate

Retired

(In millions of dollars)

(Percent)

Swiss
Swiss
Swiss
Swiss

francs
francs
francs
francs

2/6/69
8/6/69
7/17/69
8/18/69

8/6/69
2/6/70
8/18/69
11/18/69

Notes

Italian lire

12/16/68

6/18/73

5.77

Notes

Swiss francs
Swiss francs

5/27/68
9/29/69

9/29/69
1/29/71

6.16
7.85

Certificates of indebtedness

Swiss francs
Swiss francs

V7/69

6.25
7.73

Certificates of indebtedness

1969- Aug.

Sept.

Oct.

30

100

30

Notes

2/2V69

8/24/70

6.33

25

Certificates of indebtedness

Swiss francs

8/18/69

11/8/69

7.10

30

German marks
German marks
German marks
German marks
Swiss francs

12/2/68
1/2/69
3/3/69
4/1/69
11/18/69

12/2/70
1/4/71
9/3/70
10/1/70
2/18/71

5.65
6.37

50
50
50
50

7.60

30

Swiss francs
Swiss francs

7/2V69

1/23/70
7/23/70

7.50
8.08

100

German marks
German marks
Italian lire
German marks
Swiss francs
German marks
German marks
German marks
German marks
German marks
^ Swiss francs

10/2/6Y
1/5/68
7/30/68
8/19/68
9/30/68
10/2/68
1/16/69
8/19/69
10/2/69
1/30/70

4/3/72
7/5/72
1/30/70
2/19/73
1/30/70
4/2/73
7/2/73
10/2/73
2/19/73
10/2/73
6/1/71

5.38
5.46
5.40
5.20
5.30
5.25
6.125
6.23
3.05
4.43

8.10

26

Swiss francs
Swiss francs

8/6/69
2/6/70

2/6/70
8/6/70

7.45
8.125

50

German marks
German marks
German marks

7/3/67

Vl/68
6/2V68

1/3/72
10/2/72
12/22/72

5.28
5.73
6.25

10
10
10

Certificates of indebtedness

Swiss francs

10/7/69

4/7/70

7.73

1/6/69

Notes

Swiss francs
Swiss franc s

V6/70

4/6/70
7/6/71

6.15
6.75

franc s
francs
francs
francs

2/6/69
2/17/69
5/6/70
5/19/70

5/6/70
5/19/70
8/6/71
8/19/71

6.40
6.35
7.70
7.73

26
28

Swiss francs
Swiss francs

3/11/69
6/11/70

6/11/70
9/13/71

6.375
7.60

23

Certificates of indebtedness
*"

197a-Jan.

Notes

Certificates of indebtedness

I
\
/'

Notes

(

L

1/23/70

V2/69

54
55

6.U
6.25

May.

125
125
125
124
26
126
125
124

50

1,390

1,390

1,420
I

55
52
52
25
28

23

8.08
6.75

francs
francs
francs
francs

U/9/69
4/29/70
7/9/70
7/29/70

7/9/70
7/29/70
10/8/71
10/29/71

6.20
6.20
7.30
7.23

30
uo

{Swiss francs
Swiss francs

2/6/70
8/6/70

8/6/70
2/5/71

8.125
6.75

50

Sept.

Swiss francs
Swiss francs

6/9/69
9/9/70

9/9/70
12/9/71

6.89
6.90

Oct.

Swiss
Swiss
Swiss
Swiss

francs
francs
francs
francs

7/3/69
7/16/69
10/5/70
10/16/70

10/5/70
10/16/70
1/5/72
1/17/72

7.70
7.55
6.70
6.55

Swiss
Swiss
Swiss
Swiss

July..

I

1,366

1,366

100

7/23/70
1/22/71

Bureau of the Public Dett.

/

135
134

1/23/70
7/23/70

Source:

1,996

100

Swiss francs
Swiss francs

Certificates of indebtedness

Certificates of indebtedness

2,195

1,366

Swiss
Swiss
Swiss
Swiss

A-ug.

2,220

30

10/7/69

^

2,220

30

Austrian
schillings

"

Apr.

50
50

10/7/69
4/7/70

[

Mar.

5.125
7.45
7.00
7.10

Total outstanding
end of month

100
30
39

1,366

50

}'• 366
1,366

22
134
22

133

1,366

Treasury Bulletin

64

.UNITED STATES SAVINGS BONDS.
Series E and H are the only savings bonds currentlybeing sold.

Series E has been on sale since May

1,

1935,

Series F and G were sold from May
30, 1952.

interest yields, maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October

Series

and December 1959, and May and October 196i; the Annual Report

of the Secretary of the Treasury fiscal year 1966 (pages 197

1,

1941,

Series J and K were sold from May

April 30, 1957.

19UX,

through April 30, 1941.

and Series H has been on sale since June 1, 1952.
A-D were sold from March

1,

1,

through April
1952, through

and 258), and fiscal year 1967 (pages 179 and 181);

Treasury Bulletin of June 1968.

Details of the principal changes in issues,

Table SB-1.

-

Sales and Redemptions by Series, Cumulative through
(in millions of dollars)

November

30, 1970

and the

December 1970

65

.UNITED STATES SAVINGS BONDS.
Table SB-3.

Sales and Redemptions by Periods, Series

E through K

(In millions of dollars)

Redemptions 1/

Period

Sales 1/

Accrued
discount

Sales plus
accrued
discount

Total

Sales
price

Aincunt outstanding

Accrued
discount ^/

^

Interest- bearing
debt

Series E and H combined
Fiscal years :
1941-60
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970

102, 560

Calendar years
1941-60
1961

1962
1963
1964
1965
1966
1967
1968
1969

Months
1969-Nov

4,464
4,421
4,518
4,656
4,543
4,650
4,965
4,739
4,550
4,449

14,960
1,254
1,331
1,386
1,458
1,502
1,542
1,619
1,731
1,788
1,841

117,519
5,717
5,753
5,904
6,114
6,045
6,192
6,584
6,470
6,337
6,291

74,804
4,627
4,603
4,500
4,736
4,987
5,305

104,629
4,539
4,278
4,760
4,609
4,486
4,860
4,898
4,696
4,393

15,576
1,293
1,372
1,404
1,491
1.514
1,580
1,680
1,757
1,832

120,205
5,832
5,650
6,164
6,101
6,000
6,440
6,578
6,452
6,224

274
346

143
169

381

67,8^0
3,906
3,873
3,759
3,982
4,154
4,408
4,536
4,739
5,112
5,484

6,96i
721
731
742
833
897
913
976
1,086
1,237

42,715
43,806
44,955
46,359
47,737
48,795
49,682
50,817
51,572
51,711
51,281

77,067
4,484
4,636
4,557
4.841
5.117
5,477
5,439
5,915
6,565

69,753
3,781
3,882
3,823
4,061
4,254
4,561
4,519
4,898

7,309
703
754
733
780
863
916
919
1,017
1,173

43,137
44,485
45,499
47,106
48,366
49,249
50,212
51,352
51,890
51,549

417
515

421
478

350
393

70

51,512
51,549

172
151
160
157
137
134

553
534
587
522
504
580

655
583
660
563
482
606

521

134

478
538
453
388
485

105
122

183
160
157
151
156

576
548
508
558
529

557
474

5,U9
5,715

6,198
6,721

754

:

5,391

:

Dec

1970-Jan
Feb
Mar
Apr
May
June.

383
427
36t:.

367
.

July
Aug
Sept
Oct

Nov

.

446
393
388

351
407
373

1+69

435
372

110
94
121

110
93
92
86

447
381
377
349
302

Series F, G, J, and K combined
Fiscal years:
1941-60

85

71
J^/

51,448
51,398
51,325
51,285
51,307
51,281
51,300
51,375
51,'*l't

51,537
51,693

Matured
noninterestbearing debt

Treasury Bulletin

66

.UNITED STATES SAVINGS BONDS.
Table SB-3.

-

Sales and Redemptions by Periods, Series

E

through

K

-

(Continued)

(In millions of dollars)

Redemptions 1/
Sales 1/

Accrued
discount

Sales plus
accrued
discount

Sales
price J/

Accrued
discount

^

Exchanges of
E bonds for
H bonds

Amount
outstanding
(interestbearing debt)

Series E

Fiscal yeare
r9il-60
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970

i

Calendar years
1941-60
1961
1962
1963
1964
1965
1966
1967
1968
1969

96,337
3,689
3.674
3,914
4,136
4,112
4,246
4,599
4,466
4,343
4,289

14,960
1,254
1.331
1.386
1,458
1,502
1.542
1,619
1,731
1,788
1,841

111,296
4,943
5,005
5.300
5,594
5,614
5,787
6,217
6,196
6,131
6,130

73,640
4.394
4.343
4.203
4,363
4,538
4,801
4,895
5,154
5,548

98,082

15,576
1,293
1,372
1.404
1.491
1.514
1,580
1,680
1,757
1.832

113,659
5,003
4.996
5.589
5,623
5.606
6,031
6,255
6,209
6,052

66.676
3.673
3,613
3,461
3,609
3,705
3,904
3,982
4,178
4,462
4,722

,964
721

75,783
4.249
4.349
4,229
4,425
4,650
4,913
4.941
5.300
5.835

68,474
3,546
3,595

7,309
703
754
733
780
863
916
919
1,017
1,173

5,959

731
742
754
833
897
913
976
,086
,237

201
188
219
191
206
188
212
216
196
I84
210

37,456
37,817
38,260
39,166
40,190
41,078
a, 853
42,959
43,805
44.205
44, 167

278
212
199
208
198
190
224
207
191

180

37,597
38,140
38,587
39,740
40,739
41,504
42,398
43,504
44.222
44.259

11
13

44.193
44,259
44.188
44.169
44,136
44,127
44,172
44,167
44,211
44,308
44,364
44,496

:

3,711
3,624
4,185
4,132
4,092
4.450
4.574
4.452
4,220

3,495
3,646
3,787
3,997
4,022
4,283
4,661

Months
1969-Nov

265

334

143
169

408
503

366
423

296
339

70

Dec

362
365
413
354
355
431

172
151
160
157
137
134

535
516
573
511

589
515
582
499

492

430

134
105
122
110
94
121

17
21
24
20
18
22

378
377
340
391
362

183
160
157
151
156

110
93
92
86
71

23
18
18
15
16

:

1970- Jan
Feb
Mar
Apr
May
June

.
.

July.

'.

.

..

.

.

Aug
Sept.

Oct
Nov

566

549

455
409
460
389
336
428

561
537
497
542
519

495
421
423
396
336

385
328
331
310
265

85

l+U,66U

h

Series H
Fiscal years
1952-60
1961
1962

:

1963..........

6,223
775
747
604

6,223
775
747
604

5a

521
431
404
367
273
207
160

1964
1965
1966
1967
1968
1969
1970

431
404
367
273
207
160

Calendar years
1952-60
1961
1962
1963
1964
1965
1966
1967
1968

1,165
233
260
298
373
449
504
553
561

650
762

,165
233
260
298
373
449
504
553
561
650
762

201

188
219
191
206
188
212
216
196
184
210

5.259
5,989
6,695
7,193
7,546
7,716
7,829
7,858
7,766
7,506
7,114

:

6,546
828
654
575
477
394

ao
324

2U

1969

172

Months :
1969-Nov

6,546
828
654

1,284
235
287
328

575
477
394
410
324
244
172

416
467
564
497
615
730

,284
235
287
328

416
467
564
497
•615

730

278
212
199
208
198
190
224
207
191
180

5,540
6,345
6,912
7,367
7,627
7,744
7,815
7,848
7,668
7,290

10
11

10

55

Dec

55

11

54

54

11
13

7,319
7,290

1970-Jan
Feb
Mar
Apr
May

18
18
13
11
12

18
18
13

66
69
78
64
52

66
69

17
21

78
64

24
20
18
22

7
7
7
7
7
7

June.

.

14

.

July
Aug
Sept
Oct
Nov ....

,

Footnotes at end of Table SB-4.

11

12
14

57

52
57

62

15
11
11

15
11

62
53

53

11

16

16
10

46
39
37

46
39
37

10

23
18
18
15
16

,259
,230
,189
,157
,135
,114

7,090
7,066
7,049
7,040
7,030

December 1970

67

.UNITED STATES SAVINGS BONDS.
Table SB-4.

-

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

Matured
Period

Total 1/
Total

Fiscal years
1951-54
1955
1956
1957
1958
1959
1960
1961
1962
1963
196i
1965
1966
1967
1968
1969
1970

23,382
7,251
7,846
8,958
8,544
7,249
8.557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748

Months :
1969-Nov
Dec

1970- Jan
Feb
Mar
Apr

May

Aug
Sept
Oct
Wov

,

.

.

.

,118
,941
,263
,115
.730
.621

4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792

3,355
1.826
1,917
1,971
1,906
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762

:

6,000
5.793
6,133
6,639

7,276
4,230
4,246
4,156
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686

4,050
2,047
1,891
2,084
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041

422
479

197
236

195
235

656
584
662
564
483
607

185
184
343
320
181
226

183
183
341
318
180
225

558
475
469
436
373

220
295
254
218
237

219
294
253
217

23,859
7,301
8,264
9,630
7,255
8,772
6,732
5,595
5.602
5,021
5,252

5,U1

1965
1966
1967
1968
1969

June .

Other

;

Calendar years
1951-54
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964

July.

Series E
and H

Unmatured

2,U3
2,601

236

2,762

y

Treasury Bulletin

68

UNITED STATES SAVINGS NOTES

Sales of United States savings notes began May 1, 1967.

The principal terms and conditions for purchase and

The notes are eligible for purchase by individuals with the

redemption and information on investment yields of the savings

simultaneous purchase of Series E savings bonds.

notes appear in the Treasury Bulletins of March 1967 and June
1968.

Table SN-1.

-

Sales and Redemptions by Periods

December 1970

69

.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-1.

-

Distribution of Federal Securities by Classes of Investors and Types of Issues

Treasury Bulletin

70

OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.

-

Estimated Ownership of Public Debt Securities by Private Investors
(Par values l/ in billions of dollars)

Nonbank investors
Total
privately
held

End of
month

CoTnmer-

Individual ^^

oial
banks

Mutual

Other

Savings bonds

2/

benes

secu-

E and H

Other
Series 7/

Insurance
companies

rities

Corporations ij

savings
bank s

State
and
local
governments

Foreign
Other
and interinvestors
national
6/

i/

20.7

9.4

1.9

7.5

5.7

2.7

93.8
74.5

137.9
133.8

63.9
64.1

30.8
30.3

12.5
13.9

20.6
20.0

24.4
24.9

11.1
11.3

.

231.6
208.3

19.9
15.3

6.7
6.3

2.4
2.1

19 50- June.
Deo..

20;i.6

55.6
61.8

139.0
138.0

67.4
66.3

34.5
34.5

15.4
15.1

17.6
16.7

19.8
18.7

11.6

199.9

10.9

18.4
19.7

3.7
8.8

3.5
4.3

19i.3
196.3

58.4
61.5

136.0
134.8

65.4
64.6

34.5
34.7

14.6
14.4

16.3
15.5

17.1
16.4

10.2
9.3

20.1
20.7

9.4
9.6

4.2
4.3

19i.8
199.8

61.1
63.4

133.7
136.4

64.8
65.2

34.9
35.3

14.1
13.8

15.7
16.0

15.7
16.0

9.6
9.5

18.8
19.9

10.4
11.1

4.7
5.3

196.7
203.8

58.8
63.7

137.9
140.2

66.1
64.8

36.0
36.7

13.

12.7

16.3
15.4

16.0
15.9

9.5
9.2

18.6
21.5

12.0
12.7

5.7
5.9

199.9
207.1

63.6
69.1

136.3
138.0

64.8
63.5

37.5
38.2

12.1
11.7

15.2
13.6

15.4
15.3

9.1
8.8

16.5
19.1

13.9
14.4

6.0
6.3

203.0
207.0

63.5
62.0

139.5
145.0

65.2
65.0

39.3
40.1

10.9
10.2

15.0
14.8

15.0
14.6

8.7
8.5

18.6
23.2

14.7
15.4

6.8
7.5

141.2
141.0

66.6
65.9

40.9
41.4

9.4
8.7

16.3
15.8

13.6
13.2

8.3
8.0

17.3
18.7

16.1
16.3

7.9
7.8

1939-Dec..

33. i

1946-Feb.
Dec.

1951-June.
Dec.

1952-June.

Dec.
1953-June.

Dec.
195<;-June.

Dec.
1955-June.

Dec.
.

198.5
200.5

19 57- June.
Dec.

194.6
197.9

56.2
59.5

138.5
138.4

66.3
64.9

41.5
41.6

7.6
6.6

17.2
16.7

12.7
12.5

7.9
7.6

16.1
17.7

16.8
16.6

7.6
7.6

1958-Jun6.

197.8
20/i.5

65.2
67.5

132.5
137.0

64.4

Dec.

63.7

42.1
42.5

5.9
5.2

16.4
16.0

12.2
12.6

7.4
7.2

14.1
18.1

16.3
16.5

6.5
7.7

1959-June.

206.4
212.7

61.
60.

144.3
152.5

66.3
69.4

42.6
42.4

4.5
3.5

19.3
23.5

12.6
12.5

7.3
6.9

19.8
21.4

16.9
18.0

12.0

.

206.7
210.0

55.3
62.1

151.4
148.0

69.7
66.1

42.5
42.9

3.1
2.7

24.1
20.5

12.0
11.8

6.6
6.2

19.5
18.7

18.8
18.7

13.0

1961-Juna.

208. C

62.5
67.2

145.5
147.7

64.6
65.9

43.6
44.2

2.5
2.2

18.6
19.5

11.4
11.3

6.3
6.1

18.5
18.5

19.3
19.0

12.7
13.4

65.1
67.1

149.2
152.3

65.7
66.0

44.6
45.1

2.1

219.5

1.9

13.5
19.1

11.3
11.5

6.2
6.0

18.2
18.6

20.1
20.1

14.1
15.3

1963-June
Dec

218.
220.

64.3
64.2

153.9
156.3

66.0
68.2

46.0

1.6
1.5

18.5
20.0

10.9
11.2

6.0
5.6

18.7
18.7

21.4

46.7

21.1

15.8
15.9

196i-June

218.3
222.5

60.2
63.9

158.2
158.6

63.8
69.8

47.3
47.9

1.3
1.2

20.2
20.7

10.8
11.0

5.8
5.5

18.9
18.2

22.5
21.1

15.6
16.7

217.1
220.5

58.2
60.7

158.9
159.8

70.9

48.3

1.0

72.1

48.

.Q

21.5
22.4

10.5
10.3

5.6
5.3

15.3
15.8

24.1
22.9

15.7
16.7

a3.4
219.2

54.8
57.4

153.7
161.8

73.1
74.6

49.2
49.8

.7
.5

23.2
24.3

9.6
«.5

5.0
4.6

14.2
14.9

24.
24.

15.4
14.5

207.7
222.4

55.5

152.2
158.7

70.9
74.0

50.4
50.9

.3
.3

.''0.2

22.8

8.6
8.6

4.1

63.8

11.0
12.2

23.6
24.1

14.7
15.8

159.5
162.1
162.4

51.1
51.1
51.2
51.2
51.3
51.4
51.4

.4
.4
.4
.4
.4

23.3
24.0
24.1
24.4
24.1
23.7
23.9

8.1
8.1
8.1
8.1
8.1
3.0
8.0

3.9
3.9
3.8
3.8
3.6
3.6
3.6

13.0
14.3
14.5
12.9
14.0
14.8
14.2

24.6
24.4
24.4
24.2
24.6
24.5
24.4

12.9

162.2
162.6
162.5

74.8
75.5
75.7
76.0
75.8
75.5
75.8

165.6
166.6
167.2
166.7
166.8
159.5
161.6
163.8
164.9
166.7
167.1
165.3

76.9
77.1
77.9
78.1
73.3
77.9
73.4
78.7
79.3
80.0
80.2
80.9

51.4
51.4

.5
.5
.5

25.0
25.3
26.1
26.3
26.4
26.1
26.6
27.0
27.6
28.3
28.5

7.9
7.8
7.7
7.6
7.9
7.7
7.4
7.2
7.1
7.1
7.2
7.1

3.6
3.6
3.6
3.5
3.7
3.3
3.2
3.2
3.1
3.0
3.0
2.9

15.4
16.2
15.6
15.0
15.4
12.6
13.3
14.3
12.7
13.9
14.3
13.3

25.2
25.9
25.6
26.2
26.0
25.2
25.3
25.7
25.8
25.4
25.9
25.4

11.9
12.0
11.8
12.3
13.7
11.1
11.1
11.9
12.9
12.5
11.6
11.4

168.8
170.5
170.4
166.0
167.5

82.1
82.8
83.2
82.7
83.0
82.5
82.9
82.3
82.7
8?.^

51.0
50.9
50.8
50.8
50.8
50.8
50.8
50.9
50.9

7.2
7.1
7.0
7.1
6.9
6.8
7.1
7.2
7.1
7.0.

2.9
2.9
2.9
2.8
2.9
2.9
2.8
2.9
2.9

13.9
13.2
12.7
11.9
12.5
11.1
12.0
11.7
10.3

26.1
26.2
25.5
24.7

25.2
24.6
24.2
24.2
24.0

11.7
12.3
13.2
13.2
13.8
14.8
15.9
16.5
17.4

2/i.l

.18.2

1956-June.

Dec

Dec.
1960-June.
Dec.

Dec

.

214.8

1962-June.

2U.3

Dec.

Dec

1965- Juno
Dec

1966-June
Dec

1967-June
Dec

219.2
223.1
224.5
224.9
227.7
226.9
228.5

1968- June
July
Aug
Sept.

.

.

Oct
Nov
Dec

1969-Jan
Feb
Mar
Apr
May
June.

.

.

.

.

July
Aug
Sept.

Oot
Nov
Deo

1970-Jan
Feb
Mar
Apr
May
June.
July.

.

.

.

.

.

.

Aug
;3ept

Oct.

.

12j_.

59.7

61.0
o2.0
63.5
65.4
64.3
t-6.0

230.0
227.8
223.1
225.6
223.6
214.8
217.9
218.0
219.6
222.7
223.8
222.0

64.4
61.2
61.0

223.5
223.6
225.9
220.5
221.4
218.0
223.2
224.6
223.2

54.6
53.0
55.5
54.5
53.9
53.3
55.1
58.0
56.9
58.9

225il

58.9
56.7
55.3
56.3
55.0
54.7
56.0
56.7
56.8

161.

164.

168.1
166.5
166.3

51.3
51.3
51.3
51.2
51.1
51.1

51.0
51.0
51.0
51.1

.5
.6
.6
.6
.6
.6
.7
.7
.7
.7
.7
.8

.8

30.4
31.1
31.6
31.1
31.4
30.9
31.2
30.6
31.0

3CL5

51.

Office of Debt Analysis in the Office of the Secretary.
Source:
1/ United States savings bonds. Series A-F and J, are included at current redemption value.
2/ Consist* of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island possesFigures exclude securities held in trust departments.
ions.
1/ Includes partnerships and personal trust accounts.
Exclusive of banks and insurance companies.

29.1

_5/

6/

7/

4.1

2^

J

10.1

12.3

13.1
13.3
13.4

13.8
15.0
14.3

Consists of the investments of foreign balances and international
accounts in the United States.
Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers.
Also included are certain government deposit accounts and government- sponsored
agencies.
Includes U.S. savings notes.
Sales began May 1, 1967 and were discontinued after June 30, 1970.
p Preliminary.

December 1970

71

.TREASURY SURVEY OF OWNERSHIP, OCTOBER

31,

1970

The monthly 'Treasury Survey of Ownership covers securi-

I9U1 Treasury Bulletin, for corporations and savings and loan

ties issued by the United States Government, Federal agencies,

associations in the September i960 Bulletin, and for State and

Federally -sponsored agencies, and the District of Columbia.

local governments in the February I962 Bulletin.

The banks and insur;

rently account

.ice

companies included in the Survey cur -

for about 90 percent of all such securities

held by these institutions.

The similar proportion for cor-

porations and for savings and loan associations is 50 percent,

and for State and local governments, 70 percent.

Data were

first published for banks and insurance companies in the May

Table TSO-1.

-

Summary

Holdings

by commercial banks distributed according to

Federal Reserve member bank classes and nonmember banks are

published for June 30 and December 31ate pension trust funds

pearing in the March

of Federal Securities

(Par values - in millions of dollars)

are

195*+

Holdings by corpor-

published quarterly, first ap-

Bulletin.

Treasury Bulletin

12

TREASURY SURVEY OF OWNERSHIP.OCTGBER
Table TSO-2.

-

31, 1970.

Interest-Bearing Marketable Public Debt Securities

by Type and Maturity Distribution

Footnotes at end of Table TSO-6.

Table TSO-3.

-

Interest-Bearing Marketable Public Debt Securities by Issue

December 1970

73

.TREASURY SURVEY OF OWNERSHIP.OCTOBER
Table TSO-3.

-

31, 1970.

Interest-Bearing Marketable Public Debt Securities by Issue

-

(Continued)

(Ear values - in millions of do]J.ars)

Held by investors covered in Treasury Survey
Total
amount
outstanding 1/

Treasury notes - (Continued)
1971 -F
8-lA^ Aug.
1971 -B
Nov.
5-3/8
1971-G
Nov.
7-3A
1972-A
Feb.
4-3/4
Feb.
1972-C
7-1/2
1972 -B
May
4-3/4
1973-A
May
7-3/4
Aug.
1973-B
8-1/8
1974-C
Feb.
7-3/4
Aug.
1974-B
5-5/8
1974-A
Nov.
5-3/4
1975-A
Feb.
5-3/4
May
1975-B
6
1976-A
Feb.
6-1/4
May
1976-B
6-1/2
1976-C
Aug.
7-1/2
Feb.
1977-A
8
Aug.
1977-B
7-3/4
Apr
.
1971-EA
1-1/2
1971 -EO....
Oct.
1-1/2
Apr.
1972-EA
1-1/2
Oct.
1972-EO
1-1/2
1973-EA
1-1/2
Apr.
1973-EO
1-1/2
Oct.
1974-EA
1-1/2
Apr.
1974-EO
Oct.
1-1/2
1975-EA
1-1/2
Apr.
1975-EO
1-1/2
Oct.

2,257
1,734
10,743
2,006
3,362
5,310
5,842
1,839
3,142
10,284
3,981
5,148
6,760
3,739
2,697
1,683
5,163
2,263

S. Government accounts and
Federal
Reserve
banks
U.

335
290
7,604
429
240
2,951
2,619
289
172
5,459
1,468
1,619
4,442
2,857
704
593
2,739
580

494

.488

banks

mutual
savings
banks

2/

2/

ciaJ.

901
548
1,016
737
1,479
1,058
1,266
807
1,594
2,381
985
1,610
866
355
774
285
1,112
696
7

35
72
34
33
34
30
34
42

28
53

46
44

savings
457 fire,
casualty,
and
marine

290
life

29

18

34

4

13
28

31
32
75
32
77
43
15
61

2
2

17

5

2
2

36
14
35

187
74
101
46
16

26

71

53

36

15

50

9

17

1
3

79
59
9
68
30
32
46
*

8
3

5

1

35
7
17
17
15

5

9

19
17

194
1,172
69
503
1,128
152
887

Total Treasury bonds

58,658

Total marketable public
debt secxirities

242,180

4

3-1/2
3-1/4
4-1/4
4

4-1/8
3-1/2
3

3-1/2

May
Nov.

May
June
Feb.
Nov.

May
Aug.
Feb

May
Feb .
Feb.
Nov.

,

,

,

Footnotes at end of Table TSO-6.

94
155
95
12
87
47
67
34

1,435
1,006
1,726
617
1,084
1,512
1,050
1,322
1,129
460
931
696
1,049
736

4
2

15
6
27
27
2

6

16
10

9
25

1

1

7
4

16

18

2

4

9

8
8
11
8
27

5

4
9
9

5

19
12
23
37

,

1

548

1
2

5

*

1

382
424
1,100
867
1,017
1,085

4-1/8
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4

88
224

8

1

1

211
119
98
210
609
530
298
536

4
4

3
1
1

2
2

1

1,219
1,236
1,951
2,570
2,805
2,760
2,344
2,579
3,894
4,345
3,127
3,581
2,239
1,213
1,54^
2,593
1,905
1,076
3,811
248
1,554
4,755
1,269
4,039

,

5

1

826
624
1,527

96
140
490
110
88
97
74
17

33

7

1,258

Feb.
Aug.
Aug.
Nov.
Feb.

25
46
1

20
12
13
22
19
33
12
50
42
100
107
36

187
316
pension
general and refunds
tirement
funds

3

5

17
158
21
60

20
272

236

70
9
14
19
12
20
31
25
31
26
34
269
123
381
207
139
28
80
691
35
676

11,703

14,472

1,383

76,999

47,164

2,776

571
458
571
599
685
438
196
767
701

1,202
926
1,460
1,824
1,337
1,279
596
74
89
180
146
59

165

21
43
32
76

32
80
76
19
29
19
54
63
21
110

29

Held by
all
other
investors 2/

21
9
72
70

3
1

25,172

4

308
107
185
84

4
*

40,233

1966-71
1967-72
1967-72....
1976-72
1971
1971
1972
1972
1973
1973
1974
1974
1974
1975-85
1978-83 ...
1980
1980
1985
1987-92...
1988-93 . .
1989-94...
1990
1995
1998

45

468
corporations

tions

2

50
39
56
26
62

68
56

and loan
associa-

1

99,825

Total Ti'easury notes

Treasury bonds :
2-1/2^ Mar .
June
2-1/2
2-1/2
Sept.
Dec.
2-1/2
Aug .
4
Nov.
3-7/8

State and local
governments

Insurance companies
5,719
coDMer-

917

1,462

936

2,814

147

26,714

23
31

13
20
42
59
51
61
86
93

112

20
32
21
109
71
132
113
102
208
212
86
82
112
65
99
244
84
49
142

7
7

437
509
440
1,053
881
772
486
779
1,119
1,342
673
1,116
616
380

70
66
74
54
50
70
144
137
124

96
52
30
33
56
40
26

189
17
34

134
167
121
132
73
21
37
89
73

96
169

55

147
91
50
82

24
16
132
56

74
110
12
9
1

*
35
*

4

21
6
9
22
13
31
38
36
62
48
134

136
172
72

bU
909
309
366
1,238

103

58
484
35
393
438
60
324

1,015

2,427

2,660

18,719

3,529

9,468

3,241

89,481

2

9

2

71

81
15
23

36
114
20
65

2,965

1,534

1,780

3,325

2,681

3,515

206
63

81
401
1,666
870
1,665

Treasury Bulletin

74

.TREASURY SURVEY OF OWNERSHIP. OCTOBER
Table TSO-4.

Footnotes at end of Table TSO-6.

-

31, 1970.

Interest-Bearing Nonmarketable Public Debt Securities by Type

December 1970

75

.TREASURY SURVEY OF OWNERSHIP.OCTOBER
Table TSO-6.

-

(Memorandum)

31,

1970

Securities Issued by Government-Sponsored Agencies

and the District of Columbia
(Par values - in millions of dollars)

16

Treasury Bulletin

TREASURY SURVEY OP OWNERSHIP.OCTOBER
Table TSO-6.

-

(Memorandum)

31, 1970.

Securities Issued by Government-Sponsored Agencies

and the District of Columbia

-

(Continued)

December 1970

77

.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER
Current market quotations shown here are over-thecounter closing bid quotations in the New York market
for the last trading day of the month, as reported to
the Treasury by the Federal Reserve Bank of New York.

Table MQ-1.
Amount outstanding
(millions)

30. 1970.

The securities listed include all regularly quoted public
marketable securities issued by the United States Treasury. Securities issued by Federal agencies and guaranteed
by the United States Government are excluded.

-

Treasury

Bills

Treasury Bulletin

78

.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER
Table MQ-3.

-

Treasury Bonds

30, 1970

December 1970

79

.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER

30, 1970.

Treasury Bulletin

80

AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.

Treasury
bonds 1/

-

Average Yields of Treasury, Corporate and Municipal Bonds by Periods

Aa new
corporate
bonds 2/

I. B. A.

new Aa
nuinic ipal

bonds 2/

Treasury
bonds 1/

Aa new

corporate
bonds 2/

I. B. A.

new Aa
municipal
bonds 2/

Treasury
bonds 1/

Aa new
corporate
bonds 2/

I. B. A.

new Aa
nnjjiicipal

bonds

^

Treasury
bonds 1/

Aa new
corporate
bonds 2/

I. B. A.

new Aa
municipal
bonds 2/

December 1970

87

.AVERAGE YIELDS OF LONG -TERM BONDS,

Treasury Bulletin

82

INTERNATIONAL FINANCIAL STATISTICS.

"holdings of dollars" of the Fund be excluded from the data
on liabilities to foreigners, in order to avoid double count-

The tables In this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
A number of changes
and international financial position.
were introduced in the May 1967 Bulletin to Increase the usefulness of this section.

ing.

Table IFS-3 presents an area breakdown of United States
liquid liabilities to official institutions of foreign countries.

Table IFS-1 shows the reserve assets of the United
States, including its gold stock, special drawing rights held
in the Special Drawing Account in the International Monetary
Fund, holdings of convertible foreign currencies, and reserve position' in the International Monetary Fund,

Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.

Table IFS-2 brings together the various statistical components of the liabilities which enter into the United States
balance of payments calculated on the liquidity basis. The
inclusion of the United States reserve position in the International Monetary Fund in Table IFS-1 requires that the

Table IFS-1.

-

Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.

U.S. Reserve Assets

(In millions of dollars)

Gold stock
End of
calendar year
or month

1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969

Total
2/

V

Special
drawing
rights
Treasxiry

781
1,321
2,345
3,528
2,781 1/

1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6/
326
420
1,290
2,324

16,000
16,961*

11,171
11,859

10,367
10,367

2,865
2,781

1,961*
2,321*

11,882
11,906
11,903
11,902
11,900
11,889

11,367
11,367
11,367
11,367
11,367
11,367

899
919
920
926
925
957

2,291*

June.

17,396
17,670
17,350
16,919
16,165
16,328

2,321
2,507
2,577
2,510
2,360
2,350

July.
Aug..
Sept.
Oct..

16,065
15,796
15,527
15,120

11,931*

114,891

11,1*78

961
961
991
991
961

716
695
1,098
811

Nov.

11,367
11,367
11,117
11,117
11,117

Ifey..

11,817
11,1+91*

11,495

Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the International Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table

5/

6/

rFS-2.

U/

5/

22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
10,367
10,367

1970- Jan.
Feb..
Mar..
Apr.

3/

2/

Reserve
position in
International
Monetary Fund

22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,392
11,859

Dec.

2/

Convertible
fore 1,en
currencies

iA,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,S30
15,710
16,964

1969 -Nov..

1/

Total
reserve
assets

Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shovm in daily Treasury statement.
See "Account
of the Treasurer of the United States," Table TUS-U.
Includes initial allocation on January 1, 1970, of $867 million of
special drawing rights (SDR) in the Special Drawing Account in the
International Monetary FUnd, plus or minus transactions in SDR since
that time
Includes holdings of Treasury and Federal Reserve System.

7/

116
99
212
432

2,338
1,950
1,581
980
1,132

61*0

2,1*51*

2,323
1,91*1*

1,823
1,812

The United States has the right to purchase foreign currencies equivalent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase additional amounts equal to the United States quota.
See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 196^ for a U.S. quota increase which
became effective on February 23, 1966.
In figures published by the
Fund from June 1965 through January I966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German
mark in October I969, of which $13 million represents gain on German
mark holdings at time of revaluation.
See also footnotes 3 and 1*,
T^ble IFS-1*.

December 1970

83

.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-2.

-

U.S. Liquid Liabilities to Foreigners
(In millions of dcllars)

Liabilities to International
Monetary Fund arising from
gold transactions

End of
calendar year
or month

Total
liquid
liabilities
to all
foreigners

Liabilities to foreign countries

Official institutions 2/
Short-

Total

Gold
deposit
1/

Gold
investment
2/

Total

Treasury Bulletin

84

INTERNATIONAL FINANCIAL STATISTICS,
Table IFS-3.

-

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

1/

85

December 1970
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.

-

U.S. Position in the International Monetary

I

Fund

(in millions of dollars)

Transactions affecting IMF holdings of dollars
during period
.S.

Calendar year
or month

191*6-57...

Payment s
of
subscriptions in
dollars

2,063

Transactions by
other countries
with IMF

transactions with IMF
Net

gold
sales
by IMF
1/

Transactions
in
foreign
currencies 2/

600

income
in
dollars

-1*5

2

1,031

11
16
17

150

196l»

525

1965
1966
1967
1968
1969

1*35

680

776

-81*

16
18
12
15

20
20
19

1969-Nov .

Dec
1970- Jan..
Feb..
Mar,
Apr..
May.
June
July.
Aug..
Sept.
Oct..
Nov.

Percent
of

IMF net

-2

1958
1959
i960
1961
1962
1963

IMF holdings
of dollars at
end of period

32

Hepurchaees

Total
change

-2,670
-252
-139

827
271

775

-ll*9

580
521

Purchases
of
dollars 2/

-822
-110
-282
-282
-159

1*1*2

719
207
5

-111*

-806
-1,31*3

268

-268
-396

89
32

-33
-262
-178

36
42
103
66

-2

150
2

1

132 6/
129
104

10
-3
1

-2

7

-139
-20
-16
-3A
-95

33

150
253
29
1

11.

S.

quota

U.

S.

reserve
position
in IMF
at end of

period

86

Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-6.

-

U.S. Net Monetary Gold Transactions with Foreign Countries

and International and Regional Organizations
(In millions of dollars at $35 per fine troy ounce; negative figures represent net sales by the United States; positive figures, net acquisitions)

1Q6Q

Calendar year
Area and country
1965

Western Europe :
Austria
Belgium
Denmark
France
Germany
Greece
Italy
Netherlands
Spain
Switzerland
Turkey
United Kingdom
Bank for International Settlements
Other

-100
-83
-88i

-80
-35

-180
-50
-37
150

Total Western Europe

•1,299

Canada

Latin American Republics
Argentina
Brazil
Colombia
Mexico
Peru
Venezuela
Other

:

25
29

-25
-13

Total Latin American Republics

17

Asia:

Japan
Other
Total Asia

Africa
Total Africa
:

Other countries
Total other countries
:

Total foreign countries

International and regional organizations
Grand total

1/,

1966

1967

1968

1969

JulySept.

Oct.
Dec.

Jan.
Mar.

Apr.June

JulySept.

December 1970

87

.CAPITAL MOVEMENTS.

Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935>
pursuant to Executive Order 656O of January 15, 193'+, Executive Order 10033 of February 8, 19'+9, and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin." Reports are filed with the Federal Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statistics are then consolidated, and are published by the Treasury
as promptly as possible.
The report forms and instructions used in the collection
of the statistics have been revised a number of times. The
most recent general revision of the report forms became effective with reports as of May 31, 19631/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data relevant to the same statistical series;
the expansion of the time series on aggregate liabilities
and claims reported by banks to show more detailed breakdowns
by type of holder and type of liability and claim; and the
presentation of statistics not previously published on the
short-term liquid claims of large nonbanking concerns.

Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domiciled abroad, 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 international ajid regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.

In general, data are reported opposite the foreign country or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions.
For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets.
Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the liability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.

Data pertaining to branches or agencies of foreign official institutions are reported opposite the coimtry to which
the off icial institution belongs.
Data pertaining to international ajid regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."

"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less.
"Longterm" refers to obligations having an original maturity of
more than one year, and includes securities having no contractual maturity.

Reporting coverage
Reports are required from bajiks, sec\irities brokers and
dealers, and nonbanking concerns in the United States, including the branches, agencies, subsidiaries, and other afInstitutions
filiates in the United States of foreign firms.
which have total reportable liabilities, claims or securities
transactions below a specified exemption level, based on the
average for the report dates during a six-month period, including the current report date, are exempt from reporting.
Banks file reports monthly covering their short-term
and long-term liabilities to and claims on foreigners; an
exemption of $500,000 is applicable to reports in each of
these categories. Twice a year they also report their shortterm dollax liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, nonbanking concerns , report monthly their transactions in securities with foreigners; the applicable exemption level is
$100,000.

Quarterly reports are filed by exporters, importers, industrial and comnercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level applicable to these reports is $100,000.

Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the some statistical series, with tables showing time series by type and
country, ajnd the detailed breakdowns of the latest available
data.

Section I covers the short-term and long-term liabilities
to foreigners reported by banks in the United States.
The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
(Liabilities representing the "gold
operations of the Fund.
investment" of the Fund, however, are included. ) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest -bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States , including
claims held for their own account and for the account of
their domestic customers
The data exclude convertible foreign currencies held by U.S. monetsuy authorities.
.

Sections III

and IV show respectively the liabilities

Treasury Bulletin

88

.CAPITAL MOVEMENTS.

to, and claims on, foreigners reported by exporters, impor-

ters, industrial and commercial firms,fin£Lncial institutions
other than banks and brokers, and other nonbanking concerns
The data exclude the intercompany acin the United States.
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for(Such transactions are reported by
eign parent companies.
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking concerns in the United States.

Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statistics" section. Table IFS-U).
The data cover new issues of
securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting instiThe data include some
tutions and their domestic customers.
transactions which are classified as direct investments in
The data exclude securithe balance of payments accounts.
ties issued abroad by foreign subsidiaries of U.S. corporations, some of which are treated in the balance of payments
as issues of U.S. corporations.

1/

The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers 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.

Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of foreigners with them, and in their accounts carried by foreigners
The data published in these sections do not cover 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 capital transactions are published by
the Department of Commerce in its regular reports on the
Ifriited States balance of payments.

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

I

89

December 1970
.CAPITAL
Section

I

-

MOVEMENTS.

Liabilities to Foreigners

Table CM-I-1.

-

Short-Term

Reported by Banks

Liabilities

in the

United States

by Type of Foreign Holder

(In millions of dollars)

Foreign countries
Official institutions 1/'

End of

calendar year
or month

Total
shortterm
liabilities

International and regional
Bajiks

and other foreigners

Pa^-able in dollars

Payable
in

dollars

Payable
in
fore ign

Total
Ban}c£

currencies

Other
foreigners

Payable
in
fore ign
currencie£

Total

gold
investment 2/

Nonmone taiy
international and
regional

y

200

542

200

552

1,031

500

531

113

1,412

691

V

751

2,356
2,357

104
104

1,317
1,317

613 i/
613

704
704

5,251
5,251

2,564
2,564

95
95

2,050
2,084

800

8,363

5,713

3,046

104

1,547

739

1957.

1A,3S3

13,641

7,917

7,917

5,724

3,413

2,252

59

1958.

15,367

14,615

8,665

8,665

5,950

3,460

2,430

59

1959.

17,261

16,231

9,154

9,154

7,076

4,601

2,398

77

1960.

18,701

17,260

10,212

10,212

7,047

4,705

2,230

1961 5/.

20,015
20,098

18,699
18,781

10,940
10,940

10,893
10,893

46
46

7,759
7,841

5,299
5,380

1962 5/.

21,958
21,958

19,907
19,874

11,997
11,963

11,949
11,915

48
48

7,911
7,911

21,33U

12,467

12,437

30

1963

IMF

742

V

1,250
1,284

V

1964 5/.

25,467
25,518

23,849
23,900

13,224
13,220

13,224
13,220

10,625
10,680

7,153
7,213

3,354
3,376

118
90

1,618
1,618

800
800

313
813

1965

25,551

24,072

13,066

13,066

11,006

7,360

3,376

90

1,618

800

679

'

1966 5/-

27, 724
^27,599

26,343
26,219

12,484
12,539

11,968
12,022

517
517

13,859
13,680

10,023
9,364

3,743
3,743

93
72

1,381
1,331

300
800

581
581

1967 5/.

'30,657
30,505

29,370
29,232

14,034
14,027

13,382
13,876

152
152

15,337
15,205

11,132
11,008

4,128
4,120

77
77

1,237
1,273

800

487
473

1968.

31,717

30,234

11,318

10,855

463

18,916

14,298

4,444

173

1,463

1969 6/.

40,040r

38,631r

11,054

10,851

202

27,577r

23,412r

3,939

1969- Oct.

41, 208r

41.153r

39,777r
39,687

11,611
11, 128

11, 379

Nov.

10,926

232
202

23,166r
28,559

23,966r
24,457

3,944
3,859

r40,040r
40,140r

33,631r
38,730r

11,054
11,054

10,851
10,851

202
202

27, 577r

23,412r
23, 388r

3,939

27,676r

41, 214r

39,734r
39,857r
39,847r
40,269r
40,177r
40, 301r

ll,868r
13,213
13,954
13,600
13,977r
14,463

ll,665r
13,011
13,752
13,451
13,828r
14,315

202
202
202
148
143
148

27,867r
26,644r
25,893r
26,670r
26, 199r
25,838r

40, 313r

15,728
15,747
16,912

15,580
15,598
16, 764
17,222

148
148
148
143

24,585r
24.962
24,534
24, 106

Dec.

1/.

I

1970- Jan..
Feb.
Mar.
Apr.

41,419r
41,398r
41,780r
41,625r
41,723r

.

May..
June.
July.

.

.

Aug
Sept. p.
Oct. p..

y,

3/

V

41,812r
42,300
42,561
42.648

40,709
41,446
41,477

17, 371

Includes Bank for International Settlements and European F\md.
Short-term U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the International
Monetary F\ind to the United States to acquire income-earning assets.
Upon termination of investment, the same quantity of gold can be reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank.
Includes difference between
cost value and face value of securities in IMF gold investment account
C$U3 million at end I969).
In addition, IMF gold investment included investments in U.S. Govern-

5/

6/

P
r

683

l,409r

800

609r

256
243

l,431r
l,466r

300
800

631r
666r

4,062r

226
226

l,409r
l,409r

800
800

609r
609r

23,615
22,529r
21,730
22,482r
22,010r
21,552r

4,012r
3,892r
3,964r
3,974r
3,987r
4,096r

240
223
199
214
202
190

l,480r
l,562r
i,551r
l,510r
l,448r
l,421r

300
800
800
800
800
300

630r
762r
751r
710r
648r
621r

20,448r
20,827
20,405
20,021

3,941r
3,946
3,oi7
3,883

196
189
212
202

l,498r
1,591
1,115
1,171

800
800
400
400

698r
791
715
771

ment bonds and notes which amounted to $109 million at end 196O, $18?
million at end I96I, and $6l million at end I963.
Data on the two lines shown for this date differ because of changes
in reporting covereige.
Figures on the first line are compeirable
in coverage to those shown for the preceding date ; figures on the
second line are comparable to those shown for the following date.
Data are comparable in coverage to those shown for the preceding
date; for data comparable to those shown for the foU-owing date,
see second line opposite December 1969Preliminary.
Revised.

Treasury Bulletin

90
.CAPITAL MOVEMENTS,
Section

I

-

Reported by Banks in the United States
by Type of Liability
Foreign Countries

Liabilities to Foreigners

Table CM-I-2.

-

Short-Term
Part

A

-

Liabilities

December 1970

91

.CAPITAL MOVEMENTS.
Section

I

-

by Banks in the United States
Short-Term Liabilities by Type of Liability - (Continued)
Part B - International and Regional Organizations

Liabilities to Foreigners Reported

Table CM-I-2.

-

(in millions of dollars}

End of
calendar year
or month

Total
international
and regional

Nonmonetary international and regional organizations 2/

IMF gold
investment:
U.S. Treasury
bills and

Deposits
Time i/

certificates 1/

1957
1958
1959
1960
1961

742
752
1,031

200
200
500

1,4V

691V

1,317

'2,050
2,084

1962 i/
1963
1964
1965
1966

1,547
1,618
1,479
1,381

'l,287
1,273

1967 i/

U.S. Treasury

613 i/

490
343
449
532
294

55

800
800

540
568

572
572

138
145

384
207
200
139

215
231
170
212

138
314
266
173

800
800

67
67

124
120

178
178

113
107

113
83

394
244

108
224r

76
66
83

234
291
244

249r

252
317
330
237
226r
194

260r
256r
208r

218
252
179

284r
343
333

1969- Got
Nov
Dec

l,431r
l,466r
l,409r

800
800
800

71

1970-Jan

l,480r
l,562r
l,551r
1, 510r
l,448r
l,421r

800
800
800
800
800
800

66
75
81
87
65
76

102
115
131
128r
132r

l,498r
1,591
1,115
1,171

800
800
400
400

66

131
137
130
147

.

.

Oct. p..

1/

2/

#

66
42
56

68

July....
Aug
Sept, p.

6

70

800
800

June.

2
»

739 i/
800
800
800

1,483
l,409r

lifey

Other
short-term
liabilities 2/

50
209
76
219
354

1968
1969

Feb
Mar
Apr

bills and
certificates

Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets.
Upon termination
of investment, the same quantity of gold can be reacquired by the International Monetary Fund.
Principally the International Bank for Reconstruction and Development
and the Inter-American Development BanJc; excludes Bank for International Settlements and European Fund.
Includes difference between
cost value and face value of securities in IMF gold investment account
($43 million at end 1969).

57

58
57

59
73
68

^
4/

^
p
»

119r

2 Sir

224r

259
22 5r
232r

18<^

Time deposits exclude negotiable time certificates of deposit, which are
included in "Other short-term liabilities."
In addition, IMF gold investment included investments in U.S. Government
bonds and notes which amounted to $109 million at end 1960, $187 million
at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes 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.
Preliminary,
Less than $500,000.
Revised.
r

Treasury Bulletin

92
.CAPITAL
Section

I

-

Liabilities to Foreigners

Table CM-I-3.

MOVEMENTS.
Reported by Banks

in the

United States

Short-Term Liabilities by Country

-

(Position at end of period in millions of dollars)
Calendar Year

Country
190B

Europe :
Austria
Belgium-Luxembourg
Denmark
Finland
Franc e
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe

231
632

162
313
1U6
176
1,383

311*

2fcU

21.5

27I1

287

530
153
120
1,581
1.381
207
627

511
165

526

582
189

531

589
1*1*9

Ul*8

150

158

309
202

309
202

1*92

''53

1*12

1*12

1,732

2,155
29
6,133

2,61*0

l,9l<8

1*32

33
It,

667
23
706
8

16,101*

Total Europe

311*

183
729
276

99
1,330
2,217
170

2,030r

2,282

3,'»55

l*,2l*l

I*,

179
911
382
216

198
902
U69
272

2t3
22U
353

257
228

272
325

1*10

1*29

2,005
28

2,21*9

2,266

21*

25

11.3-;9r

9,380r

2,192
27
8,339

1*63

185
61*7
1*08
2l+l

189
11*0

131*

505
199
839
631
309
272
1.16

273
614
195
137
2,286
5,438
205
926
626
287
275
391
409
2,015
34
9,093
33
845

33
357

37

37

uo

1,553

1,553

1,762

1,1*91

1,51*8

5

11

18

1*8

50

11
50

1+

UO

1*9

8
53

7
Ul

46

22,956

24,129

2,002
28
ll,3i7r

21,667r

9,*i81r
32

35

21,674r

21,530r

22,i03r

l*.Cil2

l*,113

3,1*21

^1':

1*16

1*25

1*25

525
518

535
555

51*1*

1*27

393
258
7

1*00

UU7
308

1*58

1*1*1*

1*29

261

7

81*8

8U9

129
239
111

ll*0

275
6
896
169
210
113
637
651
1,306

291*

7

302
7

97

,

167
130
1,915

11*1

1,858
2,770

September p

431
2,032
28
8,600
27
1,139

16,170
2

August

May

528
153
120
1,581
1,381
207
627
U63
SUl

2't3

Canada

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

1969 1/

22,519r
3,oU!

3

3,827

:

257
323

252
166

American Republics...
Bermuda
Antilles and Surinam.
America

Total Latin America

2l*9

9

8

720
173
27U

971*
15lt

ll*7

ll*9

793
523
233
109
18

792
611
273
88
30

1,1*05

,1*05

Tl*

80

U,i3l*

l*,ool*

5,571

36
217

38
270
281

276

67"*

556

2U0
111
691
576r

3U

882r
170
233
121
675

651r
1,609
93
36

5,636r

6,27/ir

859r
168
2U2
122
682
661r
1,505
95
39

6,231r

581

81*

88
40

533
398
325
282
7
846
180
221
107
630
631
1,015
95
34

5,967

5,740

:',J04

7

915
170
208
108
651
635
,189

Asia:

China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

351*

Total Asia

Africa :
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa

31.

50

125
,612
176
289
222
616
859

215
,320
171
269
155
556

5,51*1

36

213
260
86
1U6

628

,788
236
201
196
628
606

5,953

0,396

6,396

12
13
58
18

18
61
16

"•3

1*1

1*1

41

225
356
68

226
363

21*5

235
366

679

711*

71*5

356
61
115
3,969
280
275
212
591
779

6,992

6,987

6,913

6,925

7,026

50

18
14
47
t73

61*3

ll*7

3,995
289
261
262
627

59
131
,911+

307
261*

260
603

53

121
4,118
263
247
228
585
768

71

S2

21

21

1*7

1*3

33

66

66
23

50
2U

1*5

1*7

22

21*

505

716

683

661*

30
21
49
19
68s

701

908

81*5

817

803

777

282
29r

383

1*18

1*28

32

33

31

389
34

311r

uiu

23

I'J

:

Total other countries

International and regional
international
European regional
latin American regional
Asian regional
African regional

30,231*

38,631r

372

1.257r

38.730r

1*51

40.177r

40,301r

43.313r

1.257r
6
100
U6

l,219r

l,189r
32
131r

l,245r

1*59

423

40.709

41,446

:

Total international and regional.

1/

1*1

223
35U
79
172
,020
291
26U
226

H7

t*9'j

Total foreign countries

Grand total

ll»6

201
196
628
606

,788
236

Total Africa

Other countries
Australia
All other

36
213
260
86

1

,

P,

31*

35

1,325
32
150
77

70
21

78
21

1

1*

1,273

1,1*83

l,409r

l,409r

l,U8r

l,4.21r

l,498r

1,591

30,505

31,717

40,0^0r

40,li0r

a,625r

'*l,723r

41,812r

42,300

100
U6

Data in the two columns shown for this date differ because of changes
in .'reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second

127r
59
10

58
11

143r
64
11

848
30
148
84
5

42,561

are comparable to those shown for the following date.
Less than $500,000.
Preliminary.
r Revised.
colujiin

December 1970

93

.CAPITAL MOVEMENTS.
Liabilities to Foreigners Reported by Banks in the United States
Section I
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of October 31, 1970
Preliminary
-

(Position in millions of dollars)

Treasury Bulletin

94
.CAPITAL
Section

Table CM-I-5.

-

-

I

MOVEMENTS,

Liabilities to Foreigners

Short-Term

Reported by Banks in the United States

Liabilities, Countries

and Areas Not Regularly Reported Separately

(Position at end of period in millions of dollars)

Calendar year

April
1969

Country
1965

"Other Western Europe"
Cyprus
Iceland
Ireland, Republic of
Luxembourg
Malta
Monaco
"Other Eastern Europe"
Bulgaria
Czechoslovaitia
Estonia
Hungary
Poland
Rumania
Soviet Zone of Germany

"Other Latin American Rep^iblics"
Bolivia
Costa Rica
Dominican Republic
Ecuador
El Salvador
Guatemala
Guyana (British Guiana)
Haiti
Honduras
Jamaica
Nicaragua
Paraguay
Trinidad and Tobago

,

,

,

,

1
6

1967

1968

2

2

k

December
1969

11

21*

20

9
38

i/

1

K

i/
5

5

1*

1*

1*

1*

2

5

2

7

5

1*

5

9

2

2

2

3

2
2

2

2

2
2

13

19

19
7

17

16

2

13
7
6

67
3U
72
70
67

67
35
53
86
69

60

66

1<3

65
61

68
52
78r
76
69

6
21

7
9
25

9
31

1

1

k

3

2
2
1

5
1*

7

,

1966

6lt

16
31
9

1
16

li+

27
12
73
15

k

5

2

1
15
1

67

1*

55

51
69

86
73
73

66
82
86

59
62
89
90

2

5

5

16
30
22

17
33

18

1*6

67
16
10

13
6

37
29
78
18

1*2

3

81*

3

17r
29
17r
63
13

"

"other Latin America
British Honduras
British West Indies
French West Indies and French Guiana..
"Other Asia"
Afghanistan
Bahrain
Burma
Cambodia
Ceylon
Iran
Iraq
Jordan
Kuwait
Laos
Lebanon
Malaysia
Muscat and Oman
Nepal
Pakistan
Qatar
Ryukyu Islands (including Okinawa)....
Saudi Arabia
Singapore
Southern Yemen (Aden and South Arabia)
Syria
Trucial States
Viet Nam

"Other Africa"
Algeria
Ethiopia (including Eritrea)
F. T.A.I. (FreiT,ch Somaliland)
Ghana
Ivory Coast
Kenya
Liberia
Libya
Mozambique
Nigeria
"Portuguese West Africa"
Southern Rhodesia
Sudan
Tanzania
Tunisia
Uganda
Zambia
"Other Countries"
New Zealand

2

6
U

^9
3
2

67
12
16
36
3

100
26
*
"7

3
25
2

6
17

20

5

5

2

2

30
2

16

3

5

1*

5

3

37
18

50
35
Uo
37

1*1

kk
77

35
26
17

5

1*0
1*9

1*

5

2

2

86
3

1*

67

Uo

3

83
30
6
17
35

113

78

38
*

61*

52
6
13

60

21*

2k

16 2/

2

176"
35

ll*

61
160

1*6

1*

100

1
15
55
1

22
2
1

3

82
Ul
7
15

19

9

2

25
2

13
11
2

Ik
k9

281*

2
11*

9
6
3h
1

5

5

1*

17
29

20

25

1*8

67

1*0

106
17
2

I*

5

1

It

3

8
6

1*

2

1*

1*

2

2

1*

5

3

1*

39

132

11*8

51

1*0

91.

6
15
1
8

lU

18
35

11
53
1
7
1
1
21
37

28
68

23
288

2

5

1*

3

3

22

26

38
10

20

10
7

2
2

1

6
11
9
2

5

3

3

20
10

21
7
6
25

23

10
6

kk
2
3
3

1

k

5

3

3

U

3

1

7

2

1
1

19

7
2I*

13

2

1

1*

2

3
3

16
25
18

29
25
69

1

35

25

Ik

17

Data represent a partial breakdovm of the amounts shown for the corresponding dates for the "Other" categories In the regular monthlyseries in the "Treasury Bulletin."
Included with Belgium (see Section I, Table CM-I-3).

Note:

1/

11

2/

6

20
1

10

3

I*

3't

1*3

2

2

9

5

19

20

20

16

Data exclude $12 million resulting from changes in reporting coverage
and classification.

n.a. Not available.
*
Less than $500,000.

r

Revised.

December 1970

95

.CAPITAL MOVEMENTS.
Section

I

-

Liabilities to Foreigners

Table CM-I-6.

-

Reported by Banks in the United States
Liabilities by Type

Long-Term

(In rai^.lions of dollars)

Payable in dollars

End of
calendar year
or month

1957
1953
1959
1960
1961
1962
1963
196i
1965
1966

liabilities

10

Total 1/

2

1

1

7

7
2

7

7

69
310
513

28

1.-19-1

r2,5i6

\2,560

Official
institutions

Other
foreigners

i2
106

20.4

203
988

913

25

50

1,858
1,863

1,807
1,807

15
15

AO

689
698

AO
AO

777
89 2r

922r
903r
892r

35

1968
1969

3,166
2,495r

2,389
1,602

1,507

55

1969-Oct
Nov ....

1,611
1,583
1,602

1,533
1,502
1,507

1.3

35

kk

Dec

2,533r
2,U86r
2,U95r

36
ko

1970- Jan
Feb

S.SltSr
2,3lt6r

l,lt65r

l,37'*r

i.Uyi

1,376
l,352r
l,320r

55
59

Mar.
Apr.
May.
June.

.

1/
2/

.

.

.

.

.

.

.

2,3a

2,3U8r
2,277r
2,220r
2,135r

1,362
l,286r

1,21+8

l,052r

l,lt5'*r

l,lt30r

l,122r

July...

2,051r

l,22Ur

Aug

1,951-

1,116.

91+6

Sept. p
Oct. p.

1,920

1,070
1,000

891
830

1,81+0

International
and regional

Payable in
foreign
currencies

10

2

2

1967 2/

Foreign countries

Total
long-terra

Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in

55

62

36
35
39

61*

l»6

6U
116

1+8

ll8r
120
121
119

50

51+

51
57
51

n.a.
n.a.

311
506

880r
875r
S9At
847r
859r
849r
827r
835
851
8A0

coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Preliminary.
Not available.
r
Revised.

Treasury Bulletin

96
.CAPITAL
Section

I

-

MOVEMENTS.

Liabilities to Foreigners Reported

Table CM-I-7.

-

Long-Term

by Banks in the United States

Liabilities

by Country

97

December 1970
.CAPITAL MOVEMENTS.
Section

II

-

Claims on Foreigners Reported by Banks
Table CM-II-1.
(

in the

United States

Short-Term Claims by Type

-

In millions of dollars

Payable in foreiijn cuiTeneie:_

Payable in dollars

Total
shortterm
claims

End of
calendar
year
or month

Official
institutions

Banks

Other
foreigners

Collections
outstanding
for
account of
reporting
banks and
domestic
customers

Acceptances
made for
account
of foreigners

Other
shortterm
claims

Total

Deposits
of
reporting
banks and
domestic
customers
with foreigners

Fore ign

government
obligations
and
commercial
and
finance
paper

Other
shortterm
claims

2,542
2,599
3,594

2,344
2,407
3,135

030
1,268
1,309
1,297

401
351
290

386
439
498
524

303
42s
460
432

423
421
516
605

656
582
1,233

147
198
192
460

132
181
178
222

15
238

A, 719
U,777

4,177
4,234

1,646
1,660

329
329

699
709

618
622

694
700

1,837
1,874

543
543

342
343

200
200

5,101
5,837

4,606
5,344

1,953
1,915

359
136

953
955

642
774

686
832

495

384

543

309
343

136

2,214

7,957

b,S10
7,333

2,652
2,773

223
221

1,374
1,403

1,055
1,150

1,007
1,135

2,600
2,621

552
303

bOl
624

342
336

132
187

77
102

1965 1/.

7,632
7,735

7,153
5,243

2,968
2,970

271
271

1,566
1,567

1,130
1,132

1,268
1,272

2,501
2,503

422
492

474
492

325
329

54

95
96

1966 1/.

7,819
7,853

7,399
7,433

3,139
3,141

256
256

1,739
1,739

1,143
1,145

1,367
1,288

2,450
2,540

443
464

420
420

8,583

8,158
8,182

3,137
3,150

306
306

1,603
1,616

1,228
1,228

1,511
1,552

3,013
3,013

493
467

425
425

287
287

74
70

63
67

8,261
9,063

3,165
3,231

247
262

1,697
1,946

1,221
1,073

1,733
1,954

2,854
3,169

509

450
516

336
352

40
84

73

658

8,573
8,610
9,063
9,091

3,173
3,203
3,281
3,278

263
261
262
262

1,921

990
999
1,073
1,073

1,896
1,928

2,91+0

520

393
316
352
352

1.6

80

1+5

71+

81*

79
79

1,986

31+7

77
62

1,922
1,731+

1,01*7

9,1+37

335
315
305

1,825
1,932

1,053
1,079

1,970
1,992
2,083
2,153
2,220
2,238

3,019
2,987

29I1

1,018
1,029
1,07U

9,90')

3,260
3,207
3,290
3,116
3,193
3,316

257
265

9,31+0
9, '+30
9,711+

8,80U
8,750
8,926
8,952
9,216

9,616
9,401
9,646
9,725

9,195
8,937
9,167
9,205

3,191
2,975
3,253
3.128

256
178
186
lOQ

1,873

1,063
1,037
1,123
1,121

2,21+1+

3,231+

2,245
2,275
2,331

3,170
3,052
3,157

1957.
1958.
1959.
1960.

.2,1 -'9

1961 I/.

1962.
1963.

1964 1/.

1967 1/.

8,606
i7,411
8,711
9,578

1968
1969 2/.

092
ou*

1969- Oct.
Nov.

Dec 1/...
1970- Jaji.
Feb..
Mar.
Apr..
May.
June

July
Aug

9,6o6
9,305
9,210

. . .

Sept. p..
Oct. p...

1/

'9,578

1,91*1*

1,91*6
1,91*3

1,911*

1,711_

1,940
1,8Q8

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.

1,951+

1,951+

2/

p

1,967

2,922
3,169
3,202

563
556
658
656
551*

1*31*

516
516

502
U61

15
16

42

110
110

8U

79

78
78
70
66
72r

3,01*1*

563
508

1*15

320
300

3,223

1*59

U78

3I+2

559
595

1*98

338

1*67

311*

525
547
587
539

421
463
479

»6

61

354
366
370

50

59

39

75
S3

3,21+1+

3,287

519

1+5

70

71*

61+

Data are comparable in coverage to those shown for the preceding date;
for data coniparable to those shown for the following date, see second
line opposite December 1969.
Revised.
Preliminary,
r

Treasury Bulletin

98
.CAPITAL MOVEMENTS.
Section

II

Claims on Foreigners Reported by Banks
Table CM-II-2.

-

in the

United States

Short-Term Claims by Country

(Position at end of period in millions of dollars)

Calendar year

1970

Country
1966

Europe :
Austria
Belgium- Luxembourg 2/
Denmark
Finland
France
Germany
Greec e
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 2/
U.S.S.R
Other Eastern Europe

16
67
62
91
71*

227
16
110
1*0

76
Ul
67
75
88

16
83
37
78
88

179
19
58
35

1969 1/

6
1*0

36
63
66
171
12
105

7
56
1*0

68
107
205
22

120

1*0

51

61
26

1*3

31*

10

8

51*

51*

1*6

75
98
38

58
93
38

70
67
99
19

193
19
ko

2l*l*

21*1*

318

1*18

13

22
15

28

30

13
13

2

3

3

3

9
2

16

18

18

21

31*

1,3714

1,231*

1,238

1,205

1,1*63

Canada

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

17
66
37
78
88
176
19
58
35
61
26

1968

75
98
38

52

Total Europe

1967 1/

818

597

597

187
112
158
305
16
757

221
173
177
217
16
960

221
173
177
217
16
960

85

1*7

1*7

56

212

2l*9

2l*9

207

lt5

1*2

1*2

1*1*

1*8

220
261
61

226
289
63
10
18

232
280
80
19

2l*0

18
16

226
289
63
10
18

22

27

2,1*53

2,707

2,707

:

American Republics..,
Bermuda
Antilles and Surinam,
America

2l*9

338
193
206
11*

11*

91*8

801
68
161

,

Total Latin America

Asia
China Mainland
Hong Kong
India
Indonesia

311
317
188
225

295
92
114

2,803

:

I srael

Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

1

1

1

1

30
10

32

16

28
10

6

5

5

98
,572
31

57

57

81*

36
10
30
108

3,11*7

3,151*

,111*

3,31*2

59
295
37

77
239

158
215

100
137

59
303
37
100
138

11*5

101
212

3,875

3,891*

3,872

l*,26l

220
15
81
135

Total Asia

3,206

Africa :
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other

1

31

19
23

38
99

1
2

1

1

2

50
25
69

37
11
52

2
37
11
52

11*7

102

102

133
66
13

3

2

3

1*6

55
11

8

73

:

52

51*

51*

10

13

13

Total other countries

62

67

67

Total foreign countries

7,853

,583

,606

,710

7,853

8,583

3,606

,711

_Z2-

International and regional

Grand total

1/

1.9

Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shorn for the preceding date; figures in the second
coltmm are comparable to those shovm for the following date.

162

May

Jiily

Auf^jst

Septemberp

December 1970

99
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of October 31, 1970
Preliminary
(Position in millions of dollars

I-ess

than $500,000.

Treasury Bulletin

100

.CAPITAL
Section

II

-

MOVEMENTS.

Claims on Foreigners Reported by Banks

Table CM-II4.

-

in the

United States

Long-Term Claims by Type

(In millions of dollars)

Payable in dollars
End of
calendar year
or month

1^57.
1958.
1959.
1960.
1961.
1962.

Total
long-term
claims

1,174
1,362
1,545
1,698
2,034
2,160

1963-May l/.

1967
1968
1969
1969- Oct.
Nov.

Dec
1970-Jan.
Feb..
Mar.
Apr.
May.
June.

July
Aug

.

.

Sept. p.
Oct. p..

1/

n.a,
n.a,
273
273
397
397
701
729
628
512
323
237
209

n.a.
n.a.
n.a.

4,211
3,915
3,635
3,158
2,806

3,290r
3,280r
3,250r

3,274r
3,264r
3,232r

2,847
2,846
2,806

493
495
502

204
203
209

2,149
2,147
2,096

3,187r
3,161r
3,226r
3,243r
3,232
3,165

3,158r
3,129r
3,195r
3,216r
3,202
3,138

2,736r
2,796r
2,815
2,822
2,776

461
476
519
508
511
486

212r
20 5r
211r
220
211
209

2,063
2,046
2,067
2,087
2,100
2,080

3,114r
3,117
3.142
3,215

3,085r
3,088
3,115
3,185

2,733
2,707
2,739

473
458
447

215
225
244
25;

2,-727r

Data on the two lines shewn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shewn for the preceding date; figures on the

Other
long-term

Payable in
foreign
currencies

n.a.
n.a.

n.a.
n.a.

33
33
54

2

n.a.
n.a.

4,233
4,508
4,162
3,909
3,552
3,232r

370

4^517

l'^66

n.a.
n.a.
2,293
2,379
2,834
3,028
3,971

n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
2,260
2,346
2,781
2,811
3,777
3,995

Other
foreigners

4,180
3,925
3,567
3,250r

T

\'-<ll

1965

Official
institutions

660
730
725
728
703
716
793
702
669
528
502

2 293

1963 1/

1964 1/

Loans

518

n.a.
p

1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096

217
195
288
272
247
274
394
426r

9
18
15
16
18

427r
418r
426r

16
17
18

421r
402r
398r
401r

29
33

380
362

2

*
1

31

32
30
27

29
2,044
352r
2,023
382
29
2,047
376
28
2,053
358
10
second line are comparable to those shown for the following date.
Not available.
*
Revised.,
Less than $500,000.
r
Preliminary.

December 1970

101

.CAPITAL MOVEMENTS.
Section

II

-

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

1/
•

p
r

-

in the

United States

Long-Term Claims by Country

Through November 1967, Luxembourg included in "Other Western Europe,"
Less than $500,000.
Preliminary,
Revised.

Treasury Bulletin

102

.CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Long-Term Claims, by Type and Country, as of October 31, 1970
Table CM-II-6.
Preliminary
-

_^

{Position in millions of dollars)

Ijong-term claims payable in dollars

Country

Europe
Austria
Belgium -Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
=
Sweden
Switzerland
Turkey
United Kingdcro
Yugoslavia
Other Western Europe
U.S.3.R
Other Eastern EJurope

Long-term
claims
payable in
foreign
currencies

Total
long -term
claims

:

Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
I^nama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

1
15
2
23
75
3U
\^
k
8
32

1

14

2

2

23
75
3"*

23
75
33

Wt

1*3

U

3

8
32
21
75
26

21
71
26

26
7

26

*
66
26

7

7

1*73

1x7;

U62

H09

U02

366

3fe

123

91*

213
85

29
21

90

123
233
90

58

58

51
*

7

377

325
39
73
19
138
109

52

12

5

1

21
75

26
,

1

15

5

32

3

3

*

66

:

21+3

1*5

l»5

77
19

77
19
II+7

American Republics..
Bermuda
Antilles and Surinam
America

Total Latin America

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan

7

123
7

h

1*

U

5

5

5

1,329

1,307

1,158

123

5

5

1*

1

10
15
1

11*9

:

Korea
Riilippines
Taiwan
Thailand
Other Asia

2

2

^3
9
16

U2
7
Ik
92
28
238
22

9
16
109
110

691

d91

31

Total Africa

UO

9l»

23

Total Asia

109
254
23
31
9^

251*

Africa:
Congo (Kinshasa
Morocco
South Africa
United Arab Republic (Egypt)....
Other Africa

Other countries
Australia
All other

2
1*3

1
1
3

18
82
16
1

27

1*

87

7

559

132

3

3

3

23

23

18
96

132

132

117

15

153

152
25

139

ll*

:

25

25

Total other countries

179

177

161*

lU

Total foreign countries

3,213

3,183

2,825

358

3,135

2,827

358

International and regional
Grand total
Less than $500,000.

30

December 1970

105

.CAPITAL
Section III

-

MOVEMENTS.

Liabilities to Foreigners Reported by

Table CM-III-1.

-

Nonbanking Concerns

Liabilities by

in the

United States

Type

(In millions of dollars)
Siiort-term liabilities

End or
calendar year
or quarter-end
month 1/

Total
liabilities

Payable in
dollars

Payable in
foreign
currencies

Long-term
liabilities

l'-i57

566

491

428

62

75

1958

499

440

368

71

60

1959

66-i

581

512

69

83

1960 2/

574
596

485
507

424
437

61

1961 -Mar. 2/...

674
691

583

510
524

l3^

600

756
778

673
684

563
572

111
113

94

833

678

569

109

155

1962-June 2/...

778
817

626
665

527
551

114:}

Dec. 2/ ...

798
305

637
644

508
513

129
29)
130
30j

626

479

148
48

763
725

622
585

471
441

151]

807

700

556

144

107

810

600

210

r 136
^ 147

Irnie

2/ ...

Dec

V-<b3

1964-June 2/...
Dec

943^

1965 2/

958

70^

89

91

76J
83

I

144

J

143

140

j

1966

1,419

1,089

827

262

329

1967 2/

1,784
1,815

1,371
1,386

1,027
1,039

343
347

414
428

1968

2,737

1,608

1,225

382

1,129

1969-June

2,938

1,613

1,263

350

1,325

Sept

3,215

1,797

1,450

346

1,418

/'3,511

\^4,327

1,786
2,136

1,399
1,645

387
492

1,725
2,190

4,490

2,169

1,675

494

2,321

4,900

2,356

1,816

540

2,544

Dec. 2/

y

1970-Mar

June p

.

. .

BreaJcs in series arising from changes in reporting coverage which
in such
ajnount to $5 million or less for any year are not shown;
cases, only the figure comparable to that for the following date is

Note:

1/

shown.
Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown for
earlier quarter ends when the reporting coverage changed

2/

^

Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in cover
age to those shown for the preceding date; figures on the second line
are comparable to those shown for the following date
Data in the second line include amounts reported by firms reporting
for the first time as a result of a canvass of nonbanking business
concerns in the United States.
p Preliminaiy.

Treasury Bulletin

104

.CAPITAL MOVEMENTS.
Section

III

-

Liabilities to Foreigners

Table CM-III-2.

Reported by Nonbanking Concerns
-

Short-Term

Liabilities

by Country

(Position at end of period in millions of dollars)

Country

in the

United States

December 1970

105

.CAPITAL
Section

III

-

MOVEMENTS.

Reported by Nonbanking Concerns in the United States
Short-Term Liabilities, by Type and Country, as of June 30, 1970
Preliminary

Liabilities to Foreigners

Table CM-III-3.

-

(Position in millions of dollars)

Country

Less than $500,000.

Treasury Bulletin

106

.CAPITAL
Section

III

-

MOVEMENTS.

Liabilities to Foreigners Reported

Table CM-III-4.

-

by Nonbanking Concerns
Liabilities by Country

Long-Term

in the

United States

107

December 1970
.CAPITAL MOVEMENTS.
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns
Table CM-IV-1.

-

Claims by Type

in the

United States

Treasury Bulletin

108

.CAPITAL MOVEMENTS.
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns
Table CM-IV-2.

-

Short-Term Claims by Country

(Position at end of period in millions of dollars)

1969

Calendar year

Country
1966

Europe
Austria
Belgium-Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe

1968

1967 1/

:

^

53
lU
1)

110
123
15
101
U8
8

^

Total Europe

Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

5

5

5

1*2

1*7

51

11
6

11
6

9

7

111

111

11*5

131*

131*

20l*

162
193

20
103

20

27

2l*

103

12 1*

11*8

51
8
7

51*

62

10
7
71
26
39
6
,221
7
16

ll*

51
8

12

12

7
61
36
18
6

90
Zk
29
9

90

579

690

771*

k

h
Ik

lit

1

1

2

7

7

10

1,209

1,369

1,1*49

2,039

2,131

U89

5U5

5't7

51*0

713

39

29
85

28

1*6

1*2

8lt

91
36
29

90
38
27

112
17
26

11

Canada

It2

7

2l»

29
9
k

11
81
26
Ul*
ll*

1,231*

lU
17

:

65
32
25

Bermuda
Antilles and Surinam,
America
,

Total Latin Ajnerica

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

31*

22

5

5

2
103
15
26
6

58

57

67

60

6U

82

23
7
10

23
7
10

66
6
9

ll*

U63

U89

1*90

581*

570

7
3U

9

9

1*3

1*2

31*

1*0

7

3

1*

5

6
213
9
30
11
10

7
7
207

13
212

3

95

Ajnerican Republics...

33
22
2
llU
Ik
29

12
31
7
62
60
18
1+

2

112
13
29

2

I*

70
85
38
5

:

Total Asia

I6I1

5

17
7

11
75
331

Africa
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa

1|21

6

185

11
7

21

2l*

9
13
87

25
19
16

25
19
]2

131*

lOl*

397

U78

U66

9
33

:

Total Africa

Other countries
Australia
All other

2

2

3

3

3

3

3

2h
11
30

lU

11*

7
31

31
7

2
27
8

31

31*

1*0

56

76

81

b2
10

11

3

69

1

7

:

58

57
7

51*

Total other countries

66

61t

Total foreign countries

2,627

2,9'<6

3,010

3,782

2,628

2,9't6

3,011

3,783

_J2_

.61.

International and regional

Grand total

1/

2/

Data in the two columns shown for this date differ because of changes
in reporting coverage.
Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
Data in the second column include amounts reported by firms reporting

in the

United States

December 1970

109

.CAPITAL MOVEMENTS,
- Claims
on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of June 30, 1970
Preliminary

Section IV

(Position in millions of dollars)

Treasury Bulletin

no
CAPITAL
Section IV

-

MOVEMENTS

Claims on Foreigners Reported by Nonbanking Concerns in the United States

Table CM-IV-4.

-

Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
(In millions of dollars)

Payable in foreign currencies

Payable in dollars
End of
calendar year
or month

Total
short-term
liquid
claims

Time

l.«6

1,102

917

691
625
805

205

334

42

114

45
45

90
86

92
88

48

227
219
168

40

69

59

702
786

133
133

177
178

50

77
77

49
49

1,192

87
116

332
250

49

1,022

161

393
344
358
250
265

52
56
69

951

100
97
105
116

1,241
1,253
1,167
1,060
1,043
1,103

183
193
186
178
200

1,584

1,352
1,237
1,243
1,277

1,489
1,359
1,500

1,222
1,062
1,134

1,041
898
951

8U
973

1,163

901
985

66
66

1,638
1,318

1,306
1,068

28

1,626
1,666
,1,715

1,232
1,322
1,357
1,068
1,183

22
32
26

''l,078

1969-Sept.
Oct..
Nov.

,

Dec. 2/ 4/.

1970-Jan.
Feb..
Mar.
Apr.
May.
June.
.

.

.

July.
Aug..
Sept.

[

1,31S

1

1,.U.8

1,424

1,725
1,716
1,603
1,483

1,U5

1,53/i

57

951

1,110
1,193
1,226

Data represent the liquid assets abroad of large nonbanking concerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanlcing concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner.
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage .

174
181

164
183

Note:

1/

2/

Short-term
investments 1/

Demand

1/

557
549
699

^

1968....
1969 i/.

Total

370

1965 2/.

1967 2/.

Short-term
investments

Total

19
19
58

196^.

1966....

Deposits

Deposits

Table CM-IV-5.

-

2/

^

174

51

60
76

174

251
223
211

174
179

90
65

78
76
86

301
270
251
246
291
307

225

180
182
194

76
80
63
66
109
112

267
297
366

193
203
240
-—

126

190
187

74
94

coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
Data are comparable in coverage to those shown for the preceding date;
for data comparable to those shown for the following date, see second
line opposite December 1969.
Data in the second line include amounts reported by firms reporting
for the first time as a result of a canvass of nonbanking business
concerns in the United States

Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country

(Position at end of period in millions of dollars)

111

December 1970
CAPITAL MOVEMENTS,
Section IV

-

Claims on Foreigners Reported by Nonbanking Concerns in the United States
- Short-Term Liquid Claims Reported
by Large Nonbanking Concerns,
September
30, 1970
by Type and Country, as of

Table CM-IV-6.

Treasury Bulletin

112

.CAPITAL
Section IV

-

MOVEMENTS,

Claims on Foreigners Reported by Nonbanking Concerns
Table CM-IV-7.

-

in the

United States

Long-Term Claims by Country

(Position at end of period in millions of dollars)
1969

Calendar year

Country
1967 1/

Europe
Austria
Belgium-Luxembourg 3/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe 3/
U.S.S.R
Other Eastern Europe
;

1

9
1

lU
U9
2\

18
Uo
2

11
6
27
2

U

Total Europe

225

Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

:

203
lU
15
8

17
3

American Republics..,
Bermuda
Antilles and Surinam,
America

Total Latin America

23
29
8
1
1

U71

* .

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Taiwan
Thailand
Other Asia
:

18
6

15
95

:

3

21
7
1

22

Total Asia

186

Africa :
Congo (Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa
Other countries
Australia
All other

,

1
U

82
87

:

Total other countries
Total foreign countries

International and regional
Grand total

,

1968

September

December 1/ 2/

113

December 1970
^CAPITAL MOVEMENTS,
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States

Section

Table CM-V-1.

-

V

-

Foreign Purchases and Sales of Long-Term Domestic Securities by Type

(in millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)

Marketable U.S. Government bonds and notes

Corporate and other secxirities

Net foreign purchases
Calendar year
or month

Foreign countries

Official
institutions

Other
foreigners

International
and
regional

Gross
foreign
purchases

Gross
foreign
sales

Net
foreign
purchases
of
Net
corporate foreign
and other purchases
securities

Bonds 1/

Gross
foreign
purchases

Gross
foreign
sales

Net
foreign
purchase:

Gross

Treasury Bulletin

114

.CAPITAL MOVEMENTS.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable U.S. Government Bonds and Notes by Country
Section

Table CM-V-3.

-

(in millions of dollars; negative figures indicate net sales

b*

foreigners or a net outflow of capital from the United States)

II

December 1970

115

.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes by Country
Section

Table CM-V-4.

-

(Position at end of period in millions of dollars)

Treasury Bulletin

116

.CAPITAL

MOVEMENTS.

Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5.
Net Foreign Transactions in Long-Term Domestic Bonds,
Other than U.S. Government Bonds and Notes, by Country
Section

V

-

-

(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflou of
capital from the United States)

December 1970

117

.CAPITAL

MOVEMENTS.

V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-6. - Net Foreign Transactions in Domestic Stocks by Country
Section

t.In

-

indicate

millions of dollars; negative figures

net sales by foreigners or a net outflow of capital from the United

Calendar year

1970

Coxintry

Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Qraece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Jugoslavia
Other Western Europe 1/
U.S.S.R
Other Eastern Europe

1967

1968

1969

lij

17
80

19
226
-1
*

..

2

13
155

1

150
216
-1
lt9

1*3

22

189

102

1

1

2

-II4

-12

-2

p

-3
-10

5
-It

-7

-1

822

lt90

->8

1

Total Latin America

Asia
China Mainland
Hong Kong
India
Indonesia
Israel
Japan
Korea.
Philippines
Taiwan
Thailand
Other Asia

3

16
18

*

7

-It

18

36
*

1

3

1*

1

33

16

3

16

37

3

18
2

2
2

1

1

1

*
-1

-lt6

23

13

40

1*9

-102

-23

-11*

2<j

29

-1

-1

-11*3

1*1

1

-28
-1
lU

-2lt5

-50

1,592

1,0911

125

6

1

-2

,.

September p

-2
-30

201
169
-2
43
298

250
-2
-115

Latin America ;
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas and Bermuda
Netherlands Antilles and Surinam.
Other Latin America

-2

-56

August

July

-1

Total Europe

Canada ,

1970
through
October p

-55

1

»

-30

-It

11 i

:T5"

JA.
26

2

-1
1

It

2

2

5

3

-6
10

#
-1
-13

-1

1

-h
6

5

2

-1

-It

-1

2

-1
-1

7

1

-5
lUO

*

-1

77

-7

-26

-U

25
1

18

lt7

13

-It

9

1

1

81*

151

136

31

37

^9

-1
-1

1

-10

18

-1;

-26

:

55

3

*

.

1*2

*
1

Total Asia

1*9

5lt

36

12lt

90

15
22

Africa ;
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa

-1

Other countries :
Australia
All other

-1
1*

Total other countries
Total foreign countries

International and regional
International

7U3

Total international and regional.

Grand total

2,257

»
r

Prelimnaiy,
Less than $500,000.
Revised.

296

63

308

63

223

36

lit

36

lit

757

2,270

1/ Through 1967, Luxembourg included in "Other Western Europe."

p

1,U51

:

1,1*87

IP-i

225

118

Treasury Bulletin
.CAPITAL MOVEMENTS.
V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States

Section

Table CM-V-7.

-

-

Net Foreign Transactions

(In millions of dollars; negative figures indicate net sales

"by

in

Long-Term Foreign Bonds by Country

foreigners or a net outflow of capital from the United States

J

December 1970

119

.CAPITAL

MOVEMENTS.

V Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-8. - Net Foreign Transactions in Foreign Stocks by Country
Section

-

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

1/ Through 1967, Luxembourg included in "Other Western Europe.
p Preliminary.
» Less than $500,000.
r Revised.

Treasury Bulletin

120

.CAPITAL MOVEMENTS.
I'able

V

Transartions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During October 1970 Preliminary

Section

-

December 1970

121

:apital movements.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1969
Section

Treasury Bulletin

122

.CAPITAL
Section VI

-

Table CM-VI-1.

MOVEMENTS.

Foreign Credit and Debit Balances in Brokerage Accounts
-

Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)

123

December 1970
CAPITAL MOVEMENTS.
Section VI

-

Table CM-VI-2.

Foreign Credit and Debit Balances in Brokerage Accounts
-

Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)

1969

Calendar year

Country
1965

Europe
Austria
Belgium-Luxembourg 1/
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe l/
U.S.S.R
Other Eastern Europe

1966

1967

1968

2

15

September

March

September

:

Total Europe

Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin

1

*

1*

1
*

6

5

5

6

1

1

1

1

5

6

9

k

2

5

13
12

13
18
1
11
10

1

*

1
*

1
*

1
*

1

3

*

20

20

13

22

5

1
*

10
13

20

5
1

3
2
71*

106

*

*

23

Ul

12
ll*

13

9
10
1

9
12

10
7
1

7
13
1
7
1*

2

2

1
62

1
50
*

2
1

2
1

35
*

25
*

27

30

37

27

16

21.

1

1

57

59

1U6

239

155

11*6

25

28

71

11*1

"ST

"sr

108
39

92

uo

Uo

:

5

5

3

I*

1*

1*

1*

3

*

*

*
1

1
3

1

3

2

3
1

3

1

2
2

27

1
15

American Republics...
Bermuda
Antilles and Surinam
America

Total Latin America

1

1

38
18

27

21*

k

5

6

13

1*0

77

51

1*5

15

19

18

3
1
23
1*

51

26

uo

15

16

26

28

Asia:

China Mainland
Hong Kong
India
Indonesia

*

*

*
1

I srael

1

1

Japan
Korea
Philippines
Taiwan
Thailand
Other Asia

*
10

18
23

Total Asia

1*0

1*9

23

21*

Africa :
Congo ( Kinshasa)
Morocco
South Africa
United Arab Republic (Egypt)
Other Africa
Total Africa

Other countries
Australia
All other

:

Total other countries

Total foreign countries

119

128

298

508

297

278

220

182

203

119

128

298

508

297

278

220

182

203

International and regioneil
Grand total

Note;

Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in
the United States, in accounts of foreigners with them, and in
their accounts carried by foreigners.

1/
p

Through June 1967, Luxembourg included in "Other Western Europe.'
Preliminary.
Less than $500,000.

p

Treasury Bulletin

124

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.

The financial statements of corporations and other busi-

were presented in the August 1956 Bulletin.

Loans shown on

ness-type activities of the United States Government, which

the statements of financial condition are classified by type

have appeared in the "Treasury Bulletin" since the August 1956

and account in Section III, Table GA-III-2.

issue, are compiled from reports submitted to the Treasury

income and expense and source and application of funds are

under Department Circular No. 966, issued January 30, 1956, and

published semiannually, for June 30 and December 31 reporting

Supplement No.

1,

Revised, issued June 16, 1965.

These regu-

lations were issued pursuant to the Budget and Accounting

Procedures Act of 1950.
Regulation

No.

3,

3,

issued under Executive Order No. 8512 of

dates, and appear as Section 1, Tables GA-I-2 and GA-I-3.

The

first of these statements under Circular 966 covered the fiscal

year 1956, and were published in the January 1957 Bulletin.
All funds shown in the statements are noted to indicate whether

as amended by Executive Order No. 908;V of

they are public enterprise revolving funds, intragovernmental

19^2, under which financial statements previously

revolving funds, trust or trust revolving funds, or general and

August 13, 19^0,

March

They superseded Budget-Treasury

Statements of

special funds.

published in the Bulletin were submitted.
Department Circular No. 966 requires submission of finan-

Supplement No. 1, when originally issued in 1956, extended

cial statements by all wholly owned and mixed-ownership Govern-

the coverage to include all executive agencies and activities

ment corporations specifically included in the Government

not previously reporting under Circular 966, but required only

Corporation Control Act, as amended (31 U.S.C. 846, 856); and

a statement of financial condition annually as of June 30.

all other activities of the Government operating as revolving

These were activities which were not principally of a business-

funds.

Other activities and agencies whose operations, serv-

ices, or functions are largely self-liquidating or primarily

type nature.

Those which had not yet developed formal ac-

counting procedures to provide complete balance-sheet type

and activities and agencies

statements were temporarily authorized to report only assets.

whose operations result in the accumulation of substantial

Thus, the supplement rounded out provisions for information on

inventories, investments, and other recoverable assets, were

properties and other assets, as well as liabilities, of the

brought under the regulations as the agency accounting systems

United States Government all of which is needed by Treasury for

were developed to where they were capable of furnishing the

the compilation of complete Government-wide financial reports.

required financial reports.

The first comprehensive reporting under the original Supplement

of a revenue-producing nature,

Four kinds of financial statements are called for by
Department Circular No. 966.

They are statements of financial

condition, income and expense, source and application of funds,
and certain financial contingencies.

1 was for

June 30, 1957, and the data were published in the

December 1957 Bulletin as Part B of Table U in Section

I.

Statements submitted under this supplement are now published
annually in Section II, Table GA-II-1.

The revision to Supple-

The statements of finan-

cial condition are published quarterly and appear as Section

Table GA-I-1.

No.

ment No. 1 in 1965 made no basic change to the overall purpose
I,

The first statements of financial condition

published under Circular 966 were as of March 31, 1956, and

of the originally issued supplement; it updated and consolidated gll amendments to both the regulation and instructions.

125

December 1970
FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
- Statements
of Income and Expense for the
Twelve Months Ended June 30, 1970

Table GA-I-2.

(In thousands of dollars)

,

126

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
,

Section

Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)
I

-

(In thousands of dollars)

127

December 1970
FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-2. Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)
-

(In thousands of dollars)

Funds appropriated to the
President-(Cont.
AID-( Continued

Account
Overseas
Private
Investment
Corp. (PE) 6/

Agriculture Department

Agricultural
Research
Service
Working
capital
fund (IB)

Commodity
Credit
Corporation
(PE)

Consumer and
Marketing
Service
Milk market
orders
assessment

Farmers Home Adminigtration 7/

Expansion
of defense
production

Agricultural
credit
insurance

Direct
loan
account

(PE)

fund (PE)

(PE)

fund (TR)

INCCME AND EXPENSE
Inconie:

5,133

Sales of goods and services
Interest
On public debt securities
Other Interest income
Guaranty and insurance premiums.
other major income items
Other Income

880,425

80,386

24d
278

521

521

Total income.
Expense:
Direct cost of goods and services sold:
Cost of commodities sold

Materials applied
Wages and salaries applied
Other applied expenses
Increase (-), or decrease, In:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Treasury
Other
•
Other major expense items
Uiscellaneous expense

18

1,776

17,164

5,151

962 588

17,688

239
531
883
2,430

1,066,710

738
67
382

378,801
818
31,963

,

Other gains, or losses (-):
Charge-off s
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), cm sale of other assets
Other

5,270

5,151,103

-1
-5

-25,013

••

521

-128

Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral.
Allowance for losses on fixed assets
Allowance for losses on inventories
Other

38,376

96

5,901

18,045

3,571
45,016

5,901

57,171

-8,883

739

-5,901

-41,683

11,953

3,035

-1,962

45,626
1,435

-723

46,731
521

-128

-4,166,797

739

-5,901

197

Net income, or loss (-), transferred to
accumulated net income, or deficit (-).

48,688

-193
-7

-230

Net increase (-), or decrease, in
allowances for losses
Net ii)Come, or loss (-), for the period.
Charges (-), or credits, applicable to
prior years

-4,213,528

20

b9,524

-25,013

Total other gains, or losses (-)

69,504

750

16,948

Net Income, or loss (-), before change in

valuation allovances

29

16,948

577,834
37,765 8/
3,045,727
11,485

Total expense

14,163
1,495

,116

-2,685

-49,799

9,268

-2

68.625

-123

-4,166,600

739

-5,901

-49,801

77,894

-128

-8,738,979
-4,166,600

9,496

521

739

-95,664
-5,901

-34,178
-49,801

116,035
77,894

521

-30

10,235

-101,566

-83,978

193,929

CHANGES IN ACCUMULATED NCT INCCME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other

Balance at end of reporting period.

Footnotes at end of Section.

5.215,934 9/

-7,689,645

(Continued on following page)

128

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

I

-

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

-

(In thousands of dollars)

129

December 1970
FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS,

Government Corporations and Other Business-Type Activities
- Statements
of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

130

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

I - Government Corporations and Other B usiness-Type Activities
Table GA-I-2. - Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

(In thousands of dollars)

December 1970

131

FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Busipess-Type Activities
- Statements of Income and
Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

,

132

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS .^^^____^_^
Section

I

-

Government Corporations and Other Business-Type Activities
- Statements
of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

December 1970

133

FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
- Statements
of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

134

FINANCIAL OPERATIONS OF
Section

I

-

Treasury Bulletin
GOVERNMENT AGENCIES AND FUNDS _»^__«____

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 (Continued)

Table GA-I-2.

-

-

(In thoiisands of dollars)

135

December 1970
FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS,

Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)
I

-

(In thousands of dollars)

136

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS ___________
Section

I
Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)
-

(In thoxjsands of dollars)

December 1970

137

FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-2. - Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

138

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

I

-

Government Corporations and Other Business-Type Activities
- Statements of Income and
Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

December 1970

139

FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other B usiness-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

-

Treasury Bulletin

140

FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
- Statements of Income and
Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thousands of dollars)

Coas t
Accoxint

Guai-d

Cadet
fund
(TP)

Transportation lepartment - (Continued)
ast Guard
United States
Urban Mase
Transportation
Surcharge
Administration
collections,
Yard
Supply
fund
sale of
fund
Urban mass
commissary
(IR)
(IR)
transportation
stores (TR)
fund

Treasui^
Lepartment 29/

Working
capital
fund (IR)

Bureau of
Engraving
and Printing
(IR)

fPE)

INCCME AND EXPENSE
Income :

Sales of goods and services
Interest
On public debt securities
Other Interest income
Guaranty and Insurance premiums
Other major Income Items
Other income

32,388

2

,

187

a?
31

i2,AA^

Expense:
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase {-) , or decrease. In:

Total expense

6,015

18,048

1
1

Total Income

Work-in-process
Finished goods
Other operat Ing expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the 0. S.
Treasury
Other
Other major expense Items
.,«
Ulscellaneous expense
,

38

13,079

187

6,015

32,A44
6,358
6,412

2,257
181
2,448

92

126,026

2,4A2
482

2,534

32,444

13,138

126,026

Other gains, or losses (-):
Charge-off
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other

Total other gains, or losses (-)
Net income, or loss (-), before change In

valuation allowances

-125,839

-95

-125,839

-95

Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acqxilred security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase {-), or decrease, in
allowances for losses
Net lijcome, or loss (-), for the period
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-)

CHANGES IN ACCUMULATED NET INCCME OR DEFIC IT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers of earnings or profits
to the U, S, Treasury (-)
Other

Balance at end of reporting period

Footnotes at end of Section.

47,097
-78,743

-95

45,429

HI

December 1970
FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

-

(In thoxisands of dollars)

,

142

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

I

-

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

-

(In thousands of dollars)

December 1970

143

FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Table GA-I-2.
(Continued)
Twelve Months Ended June 30, 1970
I

-

-

-

Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS

144

Section

-

I

Government Corporations and Other Business-Type Activities
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

-

(In thousands of dollars)

Veterans Administration
Servicemen'
group life
insurance
faid

veterans
insurance

(PE)

fund (PE)

INCCME AKD EXPENSE
Income:

Sales of goods and services
Interest
On public debt securities
....•.«...
Other Interest Income.
••
Guaranty and Insurance premiums
Income
Other major
Items
Other incoae
,

292

80,927
-17,794

Total Income
Expense:
Direct coat of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
Other applied expenses
Increase {-), or decrease, In:

Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the 0, S,
Treasury
Other
Other major expense Items
..••...••
Miscellaneous expense
Total expense
Other gains, or losses (-):
Charge-off
Gain, or loss (-), on sale of fixed assets.
Gain, or loss (-), on sale of other assets
Other

Total other gains, or losses (-)

,

Net Income, or loss (-), before change in

valuation allowances
Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on Inventories
Other
Net increase (-), or decrease. In
allowances for losses
Net income, or loss (-), for the period
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-)

,

,

,

,

,

,

,

CHAJJGES IN ACCUMULATED NET INCCME OR DEFIC IT

Balance at end of previous fiscal year,,,,.
Net income, or loss (-)
Capital transfers of earnings or profits
to the U. S. Treasury (-)
Other

Balance at end of reporting period

Footnotes at end of Section.

Servicedisable(i

Soldiers'
and
sailors'
civil
relief (PE)

Supply
fund
(PE)

-

(Continued)

Veterans'
reopened
insurance
fund
(PE)

Veterans'
special
term
insurance
fund

Vocational
rehabilitation
revolving
fund
(PE)

December 1970

145

FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS,

Government Corporations and Other Business-Type Activities
I
Table GA-I-2.
Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)
-

-

(In thousands of dollars)

Treasury Bulletin

146

FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS __^_____^

Government Corporations and Other Business-Type Activities
- Statements
of Income and Expense for the
Twelve Months Ended June 30, 1970 - (Continued)

Table GA-I-2.

(In thoiisands of dollars)

147

December 1970
FINANCIAL OPERATIONS OF
Section

GOVERNMENT AGENCIES AND FUNDS,

Government Corporations and Other Business-Type Activities
Table GA-I-2. Statements of Income and Expense for the
Twelve Months Ended June 30, 1970 (Continued)
I

-

-

-

(In thousands of dollars)

Other independent agencies

Account

Small Business
Administration
(Continued)
Lease guarantee
revolving
fund (PE)

-

(Continued)

United States
Information
Agency

Tennessee
Valley
Authority

Informational
media guaranty

(FE)

fund (?E)

INCCME AND EXPENSE
Income:

Sales of goods and services
Interest
On public debt securities
Other interest income
Guaranty and insurance premiians.
Other major income items
Other income

Total income.
Expense
Direct cost of goods and services sold:
Cost of commodities sold
Materials applied
Wages and salaries applied
other applied expenses
Increase (-), or decrease, in:
Work-in-process
Finished goods
Other operating expenses
Depreciation
Administrative expenses
Grants and contributions
Interest expense:
Interest on borrowings from the U. S.
Trea sury
Other
Other ma Jor expense items
Miscellaneous expense

Total expense

1*71*,

59
37

U83
37,691
5^2

512,317

'*,71'*

3,300
31*0,096

38

20
88U
6,219
SliJitO

596

5,U00

69U

"4,117

26,683
11

56

6U6

•473,029

Other gains J or losses (-):
Charge-off
Gain, or loss (-), on sale of fixed assets
Gain, or loss (-), on sale of other assets
Other

69I4

-677

-677

Total other gains, or losses (-)
Net income, or loss (-), before change in

valuation allowances

588

-loU

38,611

-69I4

-lOU

38,611

irSgT

-1014

38,611

-182
~XOk

225,891
38,611

Increase (-), or decrease, in allowances
for losses:
Allowance for losses on loans
Allowance for losses on acquired security
or collateral
Allowance for losses on fixed assets
Allowance for losses on inventories
Other
Net increase (-), or decrease, in
allowances for losses
Net income, or loss (-), for the period.
Charges (-), or credits, applicable to
prior years
Net income, or loss (-), transferred to
accumulated net income, or deficit (-),

3V

-692

CHANGES IN ACCUMULATED NET INCCME OR DEFICIT
Balance at end of previous fiscal year
Net income, or loss (-)
Capital transfers ot earnings or profits
to the U. S. Treasury (-)
Other

alance at end of reporting period.

Footnotes at end of Section,

-25,206
-692

-57,6149

-285

206,853

-25,

Treasury Bulletin

148

.FINANCIAL OPERATIONS OF
Section

I

-

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
- Statements of Source and
Application of Funds for the
Twelve Months Ended June 30, 1970

Table GA- 1-3.

(In thousands of dollars)

December 1970

149

.FINANCIAL OPERATIONS OF
Section

Table

I

-

GA

GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
1-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)
(In thousands of dollars)

150

.FINANCIAL OPERATIONS OF

Treasury Bulletin
GOVERNMENT AGENCIES AND FUNDS

Government Corporations and Other Business-Type Activities
Table GA- 1-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

I

-

(In thousands of dollars)

December 1970

151

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

Treasury Bulletin

132

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3.
Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

-

(In thousands of dollars)

December 1970

133

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

154

Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
I - Government Corporations and Other Business-Type Activities
Statements of Source and Application of Funds for the
Table GA-I-3.
Twelve Months Ended June 30, 1970 - (Continued)

Section

-

(In thousands of dollars)

December 1970

155

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

Treasury Bulletin

136

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

December 1970

157

.FINANCIAL OPERATIONS OF
Section

Table

I

-

GOVERNMENT AGENCIES AND FUNDS.

Government Corporations and Other Business-Type Activities
- Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

GA 1-3.

(In thousands of dollars)

Treasury Bulletin

158

.FINANCIAL OPERATIONS OF
Section

Table

I

-

GOVERNMENT AGENCIES AND FUNDS.

Government Corporations and Other Business-Type Activities
Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

GA 1-3.

(In thousands of dollars)

December 1970

159

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS_

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

(Continued)
Housing and Urban Development Department
^tortgage credit - (Continued)'
Government National Mortgage Association
Federal Housing Administration - (Continued)
Special
Management and Participation
Guarantees of
assistance
sales
mortgage-backed liquidating
Rental housing
Revolving
functions
fund
securities fund functions
assistajice
fund (PE)
(PE)
(PE)
(PE)
lU/
(PE)
fund (PE) ly

Housing for
the elderly or
handicapped
(PE)

FUNDS APPLIED TO OPERATIONS

Acquisition of assets:
Loans made
Cost of security or collateral acquired,.
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other

56,900

Total funds applied to operations

FUNDS PROVIDED BY OPERATIONS
Realization of assets;
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other

Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))

106,398

699

6

1+1+7,970

56,906

92,960

759,003

l(5fe,S$B
7,51+1*

113,91*2

59,2'tO

Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase In selected working capital

Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital

759,003

33,720

W*7,270

152,395
18,6U5

102,810

909
15,851

172,1*72

619,009

159,716

109,719

931,1*75

136,259

33,720

3,190

21*,

561

21+8,653
21*3

6

21*,

13

250
53

11+6,222
39^,891+

13

1+26,693

58
32

136,502

57,970

88,190

2l*,6l3

112,5'tl

60,096

139,852
15,588

l'»,015

2,600

371

13

821,587

251,61*2

118,066

21*3,630

38,999

-13

-202,577

-91,926

-8,31*7

687,81.5

7l*,9l*3

FUNDS PROVIDED BY FINANCING
Increase in investment of the U. S.
Government
Appropr la t ions ena cted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U, S, Treasury
Other

2,786

Total increase In Investment of the U, S.
Government
Increase in other borrowings
Decrease In Investment holdings
Decrease in selected cash and fund balances

25,808
3,361

Total fxmds provided by financing

29,169

FUNDS APPLIED TO FINANCING
Decrease In investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S,
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease In investment of the U. S,
Government
Decrease In borrowings from the public
Increase in Investment holdings
Increase in selected cash and fund balances
Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)

Footnotes at end of Section.

158,162

781,557

57,876

10,71*5

216,038

792,302

9,1*99

2,135
1,585

369,298

6,218
2,690

72,693

219,756

369,298

801,209

82,193

50,320

183,772

5,1*00 iiO/

377, Wg"*!;

13

Ji.
-13

85,851
133,932
11,963

231,7^6
-202,577
(Continued on following page)

6,7131*5/

183,772
127,912 Ul/

377,W9

50,320

5,1*00

62,831*^*1,

1,8501*1/

210
155

311,684

377,6'tl*

113,361*

7,21*9

-91,926

3,3't7

687,81*5

71*, 91*3

Treasury Bulletin

160

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

-

(In thousands of dollars)

December 1970

161

.FINANCIAL OPERATIONS OF
Section

Table

I

-

GA

GOVERNMENT AGENCIES AND FUNDS.

Government Corporations and Other Business-Type Activities
1-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)
(In thousands of dollars)

Treasury Bulletin

162

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

December 1970

163

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
I - Government Corporations and Other B usiness-Type Activities
Table GA-I-3. - Statements of Source and Applic ation of Funds for the
Twelve Months Ended June 30, 1970 (Continued)

Section

(In thousands of dollars)

Labor Dept.
(Continued)

Office of
the Secretary

Working
capital
fund (IR)

FUNDS APPLIED TO OPERATIONS
Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Govemment enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations

20

20
Q 239

9.260

FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral,.
Sale of fixed assets
Sale of securities other than public debt
and Issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock issued to the public
Income
Decrease in selected working capital
Total funds provided by operations
Net effect of operations on expenditures
(excess of funds applied, or provided (-))

FUNDS PROVIDED BY FINANCING
Increase in investment of the U, S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U, S. Treasury
Other

Total increase in investment of the U. S,
Government
Increa se in other borrowings
Decrease in Investment holdings,,.,.
Decrease in selected cash and fund balances

Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U, S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
•.*.
Treasury
General and special fund revenues
deposited
Other
Total decrease in Investment of the U. S,
Government
Decrease in borrowings from the public
Increa se in investment holdings
Increase In selected cash and fund balances

Total funds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)

Footnotes at end of Section.

9

Treasury Bulletin

164

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I
Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

-

(In thousands of dollars)

163

December 1970
.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

Treasury Bulletin

166

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

December 1970

167

GOVERNMENT AGENCIES AND FUNDS.

.FINANCIAL OPERATIONS OF

Government Corporations and Other Business-Type Activities
I
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

-

(In thousands of dollars)

Veterans Administration

General Services Administration - (Continued)

Account

Reconstruction
Liquidation of
Finance
Virgin Islands
Corporation
Corporation
liquidation
fund (PE)

(PE)

M/

William Langer
Jewel Bearing
Plant
revolving
fund (PE)

Working
capital
fund (IR)

iV

Canteen
service
revolving
fund
(PE)

FUNDS APPLIED TO OPERATIONS

Acquisition of assets:
Loans made
Cost of security or collateral acquired,.
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly owned Government enterprises
Other

196

Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital

Total funds applied to operations

FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral..
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other

357

155

1

43

490

Total funds provided by operations

loS

?,154

Increase in investment of the U. S.
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances frcm the
U. S. Treasury
Other

Total Increase in Investment of the U, S.
Government
Increase in other borrowings
Decrease in Investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing
FUNDS APPLIED TO FINANCING
Decrease in Investment of the U, S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasui^
Repayment of capital and surplus advances
from the U. S, Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other
Total decrease in investment of the U. S,
Government
Decrease in borrowings from the public
Increase in investment holdings
Increase in selected cash and fund balances

Total fxinds applied to financing
Net effect of financing (excess of funds
applied (-), or provided)

Footnotes at end of Section.

.

503

7,925

66,607

59

34

155

FUNDS PROVIDED BY FINANCING

640

65,903

7,664

Total realization of assets
Capital stock Issued to the public
Income
Decrease in selected working capital

Net effect of operations on expenditures
(excess of funds applied, or provided (-))

196
,728

i,us
3Q

640

,

0'b4

-8,126

Direct
loans to
veterans
and
reserves

Loan
guaranty
revolving
fund
(

PE)

(PE)

168

.FINANCIAL OPERATIONS OF

Treasury Bulletin
GOVERNMENT AGENCIES AND FUNDS

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 (Continued)

Section

-

(In thousands of dollars)

Footnotes at end of Section,

169

December 1970
.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

I - Government Corporations and Other Business-Type Activities
Table GA-I-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)

Section

(In thousands of dollars)

Other independent agencies
Civil Service Commission
Employees'
health
benefits
fund (TR)

Employees'
life
insurance
fund (TR)

Revolving
fund (IR)

Retired
employees'
health
benefits
fund (TR)

Export-Import Farm Credit
Admin. U8/
Bank of the
United States
Revolving
fund for adRegular
lending
ministrative
activities (IE; expenses (PE)

FHIB Board

Federal
Deposit
Insurance
Corporation
(TR)

Federal
Savings
and Loan
Insurance
Corp.

(PE)

FUMDS APPLIED TO OPERATIONS

Acquisition of assets:
Loans made
Cost of security or collateral acquired..
Purchase, construction, or improvement
of fixed assets
Purchase of securities other than public
debt and issues of wholly ovmed Government enterprises
Other
Total acquisition of assets
Operating and other expenses (excluding
depreciation)
Increase in selected working capital
Total funds applied to operations

27,861*

Total funds provided by operations...
Net effect of operations on expenditures
(excess of funds applied, or provided (-))

72

69

72

1,569,217

28,552

938, S?'*

1*20,707

15,657

12,651

209,362

l*,00l*

28,552

117,51*6

39,178

191*,

938, 35"+

1*20,707

15,729

12,651

1,816,026

599

35,651*

37,1*1*7

FUNDS PROVIDED BY OPERATIONS
Realization of assets:
Repayment of loans
Sale of acquired security or collateral.
Sale of fixed assets
Sale of securities other than public debt
and issues of wholly owned Government
enterprises
Other
Total realization of assets
Capital stock Issued to the public...
Income
Decrease in selected working capital.

89,676

1,569,11*8

l*,00l*

67,730

31*7,799

11,91*1

1,276,82738/

116,611
1

18,792

-239

18,792

128,552

358,636
18,692

386,723

155

1,276,828

-239

320,138

913,39'*

1*18,91*1

162,51*1

15,332
17

16,021

21,896

935,290

581,1*82

15,110

1*0,126

1,596,966

lt,ll*9

396,120

515,276

3,061*

-160,775

619

-27,1*71*

219,060

-ll*U

-328,390

-167,1*77

2l*,10l*

3,991*

FUNDS PROHDED BY FINANCING
Increase in investment of the U, S,
Government
Appropriations enacted
Borrowings from the U. S. Treasury
Capital and surplus advances from the
U. S. Treasury
Other

Total increase in Investment of the U. S.
Government
Increase in other borrowings
Decrease in Investment holdings
Decrease in selected cash and fund balances
Total funds provided by financing

1,555,990

1,555,990
13,1*01

13.1*01

785

619

785

619

5,31*6

FUNDS APPLIED TO FINANCING
Decrease in investment of the U. S.
Government
Appropriations lapsed, rescinded, or
transferred
Repayment of borrowings from the U. S.
Treasury
Repayment of capital and surplus advances
from the U. S. Treasury
Distribution of earnings to the U. S.
Treasury
General and special fund revenues
deposited
Other

689,737

50,000

Total decrease in investment of the U. S.
Government
Decrease in borrowings from the public
Increase in Investment holdings
Increase In selected cash and fund balances

10,337

Total funds applied to financing

10,337

161,560

3.061*

-160,775

Net effect of financing (excess of funds
applied (- ), or provided )

Footnotes at end of Section.

5,31*6

1,555,990

739,737
579,299

161,560

619

19,090
8,38U

ll*i*

327,659
731

172,823

17,891*

27,1*71*

1,336,930

Ikh

328,390

172,823

-27,1*71*

219,060

-ll*l*

-328,390

-167,1*77

(Continued on following page)

170

Treasury Bulletin
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section

Table

I

-

GA

Government Corporations and Other Business-Type Activities
1-3. - Statements of Source and Application of Funds for the
Twelve Months Ended June 30, 1970 - (Continued)
(In thousands of dollars)

December 1970

171

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

Footnotes to Tables GA-I-2 and GA-I-3
Public enterprise revolving funds.
Intragoverninental revolving funds.
Trxist revolving funds.
General and special funds (also includes loan accounts of enterprises
in liquidation and foreign cxirrency.
Statements of income and expense and of source and application of funds
are not yet included for certain activities for which statements of
financial condition have been published in Section I, Table GA-I-1 in
The Inter-American Social Development
the November 1970 Bulletin.
Institute, shown on page lUU of that Bulletin, did not have any income
or expense during the fiscal year 1970.
Represents interest expense on appropriations made to the fund.
Represents the Cooley loan program established pursuant to the Agricultural Trade Development and Assistance Act of 195^, as amended
(U.S.C. 170U (e)).
Consists of contingency fund. Inter -American social and economic
program, and supporting assistance loans.
This amount reflects changes in treatment accorded collections of
interest as deposits to general and special accounts instead of being
netted against accumulated net income or deficit.
Included beginning June 30, 1970. This statement includes the Overseas
Private Investment Corporation reserves fund.
The self help housing land development fund, shown under this heading
on pELge lii5 of the November 1970 Bulletin, did not have any income or
expense during the fiscal year 1970. Pursuant to an act approved
December 2if, I969 (83 Stat. 399), the ruraJ. housing direct loan
account, formerly shown under this heading, waa abolished and all its
assets, liabilities, and authorizations were transferred to the rural
housing insurance fund as of the close of business June 30, 1970Includes interest expense of $5)250 thousand on capital stock.
Represents restoration of capital by the United States Treasury to
partially reimburse the Corporation for net realized losses sustained
but not previously reimbursed as provided by an act approved November
26, 1969 (83 Stat. 259).
Includes administrative and operating expenses funds
Represents interest on loans outstanding to be paid Into miscellaneous
receipts of the United States Treasury.
Excludes unfunded costs consisting of depreciation on plants, and
equipment, mlliteiry personnel, and other costs as follows: Air Force,
$608,228 thousand; Army, $1^9,61+6 thousand; Marine Corps, $3-809 thousand; Navy, $262,315 thousand; and defense agencies $13>097 thousand.
Includes contractual services and other costs.
Included beginning June 30, 1970.
Includes the Federal Communications Agency.
Represents Consumer Protection and Environmental Ifealth Service.
Represents Interest on the net direct investment of the United States
Government in this Corporation.
Includes interest on appropriations and other capital.
The low and moderate income sponsor fund, shown under this heading on
page 153 of the November 1970 Bulletin, did not have any income or
expense during the fiscal year 1970.
Represents gross revenues of $132,892 thousand less current yeax
revenues of $5^)383 thousand transferred to Associated Projects.
Represents interest on appropriations and other capital.
Represents interest expense on public debt borrowings from the United
States Treasury Department and on appropriations and other capital.
Represents interest expense on appropriations allocated to power and
to municipal and industrial water supply construction.
Represents the fund known as "Advances to employment security administration account, unemployment trust fund."
Figures in this column are preliminary.
Includes imreimbursed costs of $37,211 thousand performed by other

(PE)
(IR)
(TR)
(G&S)

1/

2/
3/

k/
5/

6/
7/

8/
2/

10/
11/
12/

13/
l5/

17/
18/
12/

20/
21/
22/

23/
2k/
25/
Id/

agencies.
Expenses include costs applicable to postal operations paid for by
other Government agencies for workmen's compensation and unemployment
compensation for postal employees, and certain custodial and maintenance costs of public buildings. Expenses include certain nonpostal
services rendered to other agencies without reimbursement and other
public service costs and losses which, under the provisions of an act
approved October 11, I962 (39 U.S.C. 2303 (b)), are to be excluded in
adjusting postal rates and fees.
28/ The operating deficit as of June 30, 1969j has been combined with other
items representing equity of the United States Government, and is
included with the net investment at the beginning of the fiscal year
1970.
£2/ The Federal tax lien revolving fund and the Federal Farm Mortgage
Corporation liquidation fund, shown under this heading on pages I60
and 161, respectively, of the November 1970 Bulletin, did not have
any income or expense during the fiscal year 1970.
30/ The accumulated net income or deficit is included with the equity of
the United States Government and cannot be segregated.
31/ Home Owners' Loan Corporation (liquidated), shown under this heading
on page 166 of the November 1970 Bulletin, did not have any income or
expense during the fiscal year 1970.
32/ Represents return on additional premiums - prepayments.
33/ Includes interest on funds advanced to the Administration by appropriations.
Represents net income of $7^,6l7 thousand from power operations, and
3ii/
net loss of $36,006 thousand from nonincome-producing programs.
35/ Includes United States dollar equivalent of foreign currency transactions.
36/ Includes principaJ. and interest collections deposited into the United
States Treasury Department.
37/ Pursuant to an act approved December 2k, 1969 (83 Stat. 399)> the
rural housing direct loan account, formerly shown under this heading,
was abolished euid all its assets, liabilities, and authorizations
were transferred to the rural housing insurance fund as of the close
of business June 30, 1970.
38/ Includes sales of loans.
39/ Includes $20,000 thousand representing miscellaneous loan receipts to
be used when issuing an equivalent amount of capital stock to the
Secretary of the Treasuiy.
Includes transfers of principal and interest collections on pledged
1+0/
loans and transfers of insufficiency funds to the Government National
Mortgage Association trustee account, net of redemptions of participation certificates that may have been made.
Represents redemption of participation certificates by the trustee.
Corpora51/ Represents repayment of borrowings from the Commodity Credit
tion.
Defense production guarantees, shown under this heading on page 15O of
it3/
the November 197O Bulletin, did not have any funds applied or provided
during the fiscal year 1970.
Includes Defense Atomic Energy Support Agency and National Security
Agency.
Represents interest payments on participation certificates.
Represents transfers of principal collections on pledged loans to
the Government National Mortgage Association trustee account.
Represents change in equity due trustors.
itZ/
W/ The banks for cooperatives investment fund and the short-term credit
Investment fund, shown under this heading on page 166 of the November
1970 Bulletin, did not have funds applied or provided during the
fiscal year 1970.
Less than $500.
Revised.

27/

Treasury Bulletin

172

.FINANCIAL OPERATIONS OF
Section

Table GA-III-1.

-

III

-

GOVERNMENT AGENCIES AND

i^TNnfi

Federal Credit Programs

Direct Sales and Repurchases of Loans
(In millions of dollars

Housing and Urban Development Department
Export- Import
Bank of the
United States

Total
Fiscal year
or month
Sales
1,275
1,150
936
596
95i
1,070
1,337
2,115

1963
1964
1965
1966
1967
1968
1969
1970

1969-Oot.

.

Nov.
Dec

.

92
213
428
81(2

153
91
379
U06

261

460
342

1

90

23

111

Sept .
Oct...

.203

137
372
188
196

.

31
120

20
32
18
26
43
U8

h9

Fiscal 1971
to date .

5

33

Repurchases

137
472
123

28
33
24
34

209

34
104

Repurchases

1
1

152
393

.

3

6
14

Sales

45
67
56

July..
Aug

.

.

Repurchases

Veterans
Administration

182
194
125

44

.

Sales

Small Business
Admini stration

50

49
137

.

307

2/

174
405
569

21
33
19
27

83

Repurchases

Repurchases

Office of Secretary

974
959
1,668

220
475
129
92

.

11

71

Government
National Mortgage
Association 1/

133
119
157
291
729

46
79
128

.

1970-Jan.
Feb.
Mar.
Apr.
May.
J\me.

1/

336

436
124
63

Sales

301

.

183

Repurchases

Repurchases

Farmers Home
Administ ratio

78
35

144
264
6

2

2

15
6

327
105
71
?

41
24
17
12

1

1
1

lU

27
32

U5

1
1

21*

1

1

1

21
15
13

23

The secondary market operations of Federal National Mortgage Association were converted to private ownership effective Sept. 30, 1968,
pursuant to P.L. 90-448 (82 Stat. 536). Amounts reported exclude the
following applicable to secondary market operations: net sales, 1963
$547 million; net purchases, 1964 $67 million, 1965 $232 million,
1966 $1,838 million, 1967 $1,107 million, 1968 $2,316 million, 1969

11

5

1

1
]

50

2/

2/

»

through Sept. 30, 1968 $296 million.
Includes college housing, elderly housing, and public facility loans.
Sales by fiscal years are on basis of actual figures shown in the
Budget document and include initial sales of loans from credit insurance funds. The monthly figures are on basis of agency reports.
Less than $500,000.

December 1970

175

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS.

Section III - Federal Credit Programs
Table GA-III-2. - Loans Outstanding, June 30, 1970
Excluding Interagency Loans
(in thousands of dollars)

United States dollar loans
Type of loan and lending agency-

Loan
account

Total
1/

To aid agriculture
Loans to cooperative associations:
Economic opportunity loan fund
Farmers Home Administration;
Direct loan accoxant
State rural rehabilitation funds

y

:

Rural Electrification Administration
Crop, livestock, and commodity loans:
Commodity Credit Corporation
Farmers Home Administration:
Direct loan account
Emergency credit revolving fund
Storage facility and eqxiipment loans:
Commodity Credit Corporation
Farm mortgage loans
Farmers ttome Administration:
Agricultural credit insxirance fund
Direct loan account
Rural housing insurance fund
State rural rehabilitation funds
Other loans
Consumer and fferketing Service:
Milk market orders assessment fund
Economic opportunity loan fund:
Loans to aid farm or rural families
Farmers Home Administration:
Direct loan account
Rural housing and other loans
Rural rental housing loans
Senior citizens rural housing loans
State nu-al rehabilitation funds

15,863

15,863

360, U09

360,1+09

13
5,3^2,930

5,3^+2,930

13

2,788,35^

128,175

25U
128,175

16U,130

164,130

252,655
252,219
837,593

252,655

y
y

10,1*61

'

Total to aid agriculture
To aid homeowners
rtortgage loans
Housing and Urban Development Department
:

Federal ffousing Administration:
Community disposal operations fund
Revolving fund
Government National Martgage Association:
Management and liquidating functions
Special assistance functions
Low-rent public housing
Interior Department:
Bureau of Indian Affairs:
Liquidation of ffoonah housing project
Veterans Administration:
Direct loans to veterans and reserves
Loan guaranty revolving fund
Federal Home Loan Bank Board:
Federal Savings and Loan Insxirance Corporation
Other loans:
Funds appropriated to the President:
Appalachian housing fund
Agriculture Department:
Farmers Home Administration:
Self help housing land development fund:
Loans to public and private nonprofit organizations...
Veterans Administration:
Direct loans to veterans and reserves
Loan guaranty revolving fund
Total to aid homeowners

10,803
6Ul,l*67

1,763.55U
3,083,727
76

lUU

l,32U,Ul6
16,683

V

2U3,553

985

llU

50,058
1,358,216
8,i+93,795

To aid industry :

Loans to railroads:
Expansion of defense producticn:
Treasury Department
Other purposes:
Treasury Department:
Reconstruction Fineince Corporation loans in liquidation.
Interstate Commerce Commission
Ship mortgage loans
Commerce Department:
Federal ship mortgage Insurcmce fund
Maritime Administration

y
V
V

1,850

U,571
28,^39

22,052
50,682

V

Expenditure
accoimt

Foreign
currency
loans 3/

Treasury Bulletin

174

FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section III- Federal Credit Programs

Table GA-III-2. - Loans Outstanding, June 30, 1970
Excluding Interagency Loans - (Continued)
(In thousands of dollars)

United States dollar loans

Type of loan and lending agency

Loan
account
2/

Total
1/

To aid industry (Continued) :
Other loans
Expansion of defense production:
Interior Department
Treasury Department
General Services Administration
Defense production g\iarantees:
Air Force Department
Army Department
Navy Department
Other purposes
Commerce Department
Economic Development Administration:
Economic Development revolving fund
Interior Department:
Bxireau of Commercial Fisheries
Fisheries loan fund
Geological Survey
Transportation Department
Urban mass transportation fund
Treasury Department:
Reconstruction Finance Corporation loans in liquidation
General Services Administration:
Reconstruction Finance Corporation liquidation fund. ...
Small Business Administration:
Business loan and investment fund

2,586
5,219

Expenditure
account

2,586
5,219
30

30

1,088
U6U
2,891

1,088

225,629

225,629

9,930
2,8o8

9,930

U61*

2,891

2,8
l»,575

73

73

1*89

1.89

1,259,625

Total to aid Industry

y

1,623,000

1,259,625

V

1,617,606

5,391*

To aid education
Health, Education, and Welfare Department
:

Office of Education:
Elementary and secondary educational activities

1,97"*

Higher educational activities, loans to institutions
Higher educational activities, advances for reserve funds.
Higher education facilities loans fund
Loans to students in institutions of higher education
Student loan insurance fund
National Institutes of Health:
Loans to institutions
Health professions education fund
Nurse training fund
Other student loan programs
Social and Rehabilitation Service:
Assistance to refugees in the United States
Housing and Urban Development Department:
College housing loans

,

Total to aid education
To aid States, Territories, etc.

8,1*68

18,689

18,689
,

1*2U,207

,

ii/

i*/

3,263

V

30,190
15,505
129,991

i*/

22,257

22,257
3,l69,3'*8

207

1,321,286

1,321,286
3,263

30,190
15,505
129,991

1*21*,

y

3,169,31*8

5,11*5,179

3,629,517

117 ,1*75

117,1*75

158

158

i*/

1,515,661

:

Commerce Department:
Economic Development Administration:
Economic development revolving fund
Health, Education, and Welfare Department:
Health Services and Mental Health Administration
Housing and Urban Development Department:
Urbem renewal programs
Low-rent public housing
Public facility loans
Public works planning advances fund
Revolving fund, liquidating programs
Interior Department:
Bureau of Reclamation
Office of Territories:
Alaska public works
Loans for rehabilitation in Guam
Treasury Depjirtment:
Miscellaneous loans and certain other assets
Loans to the District of Columbia
General Services Administration:
Public Works Administration (in liquidation)
Total to aid States, Territories, etc

Footnotes at end of Section.

8,1*68

272 ,1*20
89 ,1*09
396 975

,

272,1*20
89,1*09
ii/

396,975

72 ,1*09
5 ,318

5,318

11*1,320

11*1,320

529
23 ,728

529
23,728

356 ,803

356,803

72,1*09

,398

1*7,398

1,523,91*2

1,1*51,53'*

1*7

(Continued on following page)

ii/

72,1*09

i*/
i*/

Foreign
currency
loans 3/

December 1970

175

.FINANCIAL OPERATIONS OF

GOVERNMENT AGENCIES AND FUNDS

Federal Credit Programs
Table GA-III-2.- Loans Outstanding, June 30, 1970
Excluding Interagency Loans - (Continued)
Section III

(

-

In thoi-isands of dollars)

United States dollar loans

Type of loan and lending agency

Loan
account

Total

1/

Foreign loans
Funds appropriated to the President:
Liquidation of foreign military sales fund
Military assistance ci'edits in liquidation
Agency for International Development:
Alliance for Progress, development loans
Connnon defense, economic, and triangular trade loans
Development loans
Development loan fund liquidation account
Loans to domestic or foreign firms and United States firms in foreign
countr i es
Loans of predecessor agencies in liquidation
Other loans
Agriculture Department:
Commodity Credit Corporation:
Long- term export sales credi ts
Short- term export sales credi ts
Commerce Department:
Maritime Administration
State Department:
Loans to the United Nations
Treasury Department:
Miscellaneous loans and certain other assets:
Lend-lease and surplus property
Loans and other credits
Receivable from foreign banking institutions
Atomic Energy Commission:
Long-term receivables
Export- Import Bank of the United States

1/

:

39,640
1,294

153,776
61,839
699,511
232,478

,001,591
54^,091

,748,161
344,661
540

84,194

,175,598
,212,802 6/
3,000
59,705
,713,809 7/

Total f or ei gn loans
Other loans
Health, Education, and Welfare Department:
Health Services and Mental Health Administration
Housing and Urban Development Department:
Housing for the elderly or handicapped
Low and moderate income sponsor fund
Low- rent public housing
Rehabili tation loan fund
Revolving f\md, liquidating programs
Interior Department:
Bureau of Indian Affairs:
Revolving fund for loans
Justice Department:
Legal activities and general administration
State Department:
Emergencies in the diplomatic and consular service
General Services Administration;
Liquidation of Virgin Islands Corporation
Surplus property credit sales and liquidation activities
Veterans Administration:
Insurance appropriations policy loans
National service life insurance fund
Servic^disabled veterans' insurance fund
Soldiers' and sailors' civil relief
U.S. Government life insurance fund
Veterans' reopened insurance fund
Veterans' special term insurance fund
Vocational rehabilitation revolving fund
Small Business Administration:
Disaster loan fxmd

21,076,691

:

9,830
467,373 4/
750
437
82,933
4,979

25,737
17, 722

1,126
2,446
155,602

1,292
852,458
10, 307
5

,

398

Total other loans
Total, loan and expenditure account

80,410
5,581
22,842
126

,

Erpendit.iire

account

Foreign
currency
loans 2/

m

Treasury Bulletin
.FINANCIAL OPERATIONS OF
Section

III

-

GOVERNMENT AGENCIES AND

'"^Kirtc

Federal Credit Programs

Table GA-III-2. - Loans Outstanding, June 30, 1970
Excluding Interagency Loans - (Continued)
(In thousands of dollars)

United States dollar loans

Type of loan and lending agency

Total
1/

Loan
account
2/

Expenditure
account

Foreign
currency
loans

^

Memo ran dual

Investments in securities of privately oimed Government- sponsored enterprises

:

Agriculture Department:
Gonsujner ani Marketing Service:

Milk market orders assessment fund

173

173

20,000

20.000

20,000

20,000

-i2,625

^2,625

20,000

20,000

Health, Education, and Welfare Department:

Federal disability insureinse trust

fo-id

Federal old-age and survivors insurance trust fund
Interior Department:

Bureau of Indian Affairs:

Deposit funds
Labor Department:
Unempl oyment trust fund

Other independent agencies:
Civil Service Commission:
Civil service retirement and disability fund

20,000

Federal Home Loan Bank Board:
Federal Savings and Loan Insurance Corporation

16,830

16,830

Railroad Retirement Board:
Railroad retirement account

20,000

Total investments

1/
2/

1/

V

Does not include foreign currency loans.
Includes trust funds.
The dollar equivalents of these loans are computed for reporting
purposes at varying rates. If ths loan agreements stipulate a
dollar denominated figure, the loans outstanding are generally valued
Loans executed in units of foreign
at agreement rates of exchange.
currency are valued at the market rates (i.e.. the rates of exchange
at which Treasury sells such ::urrencies to Government agencies)
Participation certificates have been issued against certain of these
loans u^der trust agreements by the Government National Mortgage Association, participation sales fund.
For the full amounts of participation certificates outstanding for these programs see Section I -

159,623

^
6/

7/

159.628

Government Corporations and Other Business-Type Activities in the
November 1970 Bulletin.
Includes $405 million representing defaulted mortgage notes and
defaulted Title I, Section 2 notes reported as acquired security or
collateral on the statement of financial condition of the Federal
Housing Administration revolving fund.
Represents receivables of $4 million from Finland, $13 million from
Greece, $230 million from Japan, and $2,965 million from the United
Kingdom.
Participation certificates amounting to $1,4-93 million, issued
against certain of these loans, were outstanding as of June 30, 1970.

December 1970

177

.CUMULATIVE TABLE OF CONTENTS.
January 1970 through December 1970

Issue and page number

Feb.

Mar.

Apr.

May

July

Aug.

Sept.

Article:

Treasury financing operations
Federal fiscal operations
Summary of fiscal operations
Budget receipts by principal sources
Chart - Budget receipts by principal sources
Budget outlays by agencies
Undistributed intrabudgetary transactions
Budget outlays by major function
Investment transactions of Government accounts in
Federal securities (net)
Trust funds transactions
Accountability of the Treasurer of the U. S. on an
accounting basis
Detail of excise tax receipts
Summary of internal revenue collections by States,
calendar year 1969
:

Federal obligations

11
12

10
11

2

1
2

4

4

1

5

5

5

7
3

7

7

10
11

8

10
11

10

11

8

10
11

10
11

10
11

13

13

10
11

10
11

10
11

13

13

13

l:'

15

Account of the Treasurer of the United States
Status of the Account of the Treasurer of the United
States
Analysis of changes in tax and loan account balances,...
Summary of cash transactions through the Account of the
Treasurer of the United States
Gold assets and liabilities of the Treasuiy

1
2

4

15

14

:

13
19

16
17

20
20

18
18

20
20

19

21

Monetary statistics
Money in circulation

17
18

18
19

16
17

16
17

18
19

16
17

19

20
21
21

19
19

20
20

18
18

18
18

20
20

13
18

21
21

19

19

21

19

:

Federal debt
Summary of Federal debt
Computed interest charge and computed interest rate on
interest- bearing public debt
Interesi> bearing public debt
Maturity distribution and average length of marketable
interest- bearing public debt
Special public debt issues
Interest-bearing securities issued by Government
agencies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasury holdings of securities issued by Government
corporations and other agencies
:

Public debt operations :
Maturity schedule of interest-bearing marketable public
debt secxirities other than regular weekly and annual
Treasury bills -outstanding
Offerings of Treasury bills
New money financing through regular weekly Treasury
bills
Offerings of public marketable securities other than
regular weekly Treasury bills
Unmatured marketable securities issued in advance
refunding operations
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations....
Allotments by investor classes on subscriptions for
public marketable securities
Disposition of public marketable securities other than
regular weekly Treasury bills
Foreign series securities ( nonmarketable) issued to
official institutions of foreign countries
Foreign currency series securities (nonmarketable)
issued to official institutions of foreign countries...

United States savings bonds
Sales and redemptions by series, cumulative
Sales and redemptions by periods, all series combined...
Sales and redemptions by periods. Series E through K....
Redemptions of matured and unmatured savings bonds
Sales and redemptions by denominations. Series E and H
combined
Sales by States, Series E and H combined

20

20

22

23

22
23

20
21

22
23

21
22

22
23

20
21

20
20

22
23

20
21

23

23

21
22

23
24

22
23

23
24

21
22

21
22

23
24

21
22

24
25

23
24
25
26

25
26
27
23

26
27
28

25
26
27
28

23
24
25
26

23
24
25
26

25
26
27

29

24
25
26
27

23
24
25
26

26
27
28
29

29

30

28

25
26
27
28

25

23

24

30

29

30
32

28
30

30
32

31
33

29
31

30
31

28
29

28
29

30
31

29

31
32

35

33

35

35

33

33

31

31

33

31

35

37

35

37

38

36

35

33

33

35

33

37

iO

38

40

41

:h

33

35

35

37

35

39

^3

41

43

44

42

41

37

37

39

37

41

45

43

45

46

44

43

39

39

41

39

43

48

46

48

49

47

46

42

42

44

42

46

51

49

51

52

50

49

45

44

46

45

49

66

64

66

68

61

60

56

56

58

57

61

66
66
67
69

71
71
72
74

64
64
65

63

68
69
71

58
58

63
63
64

61

61

60
60
61
63

59
59

59

53
53
59

:

69

71

67

63
64
66

60

66

62
63

70
71

United States savings notes
Sales and redemptions by periods

72

72

72

75

Ownership of Federal securities
Distribution by classes of investors and types of issues
Estimated cwnership by private investors

73
74

73
74

73
74

76
77

Treasury survey of cwmership

75

75

75

78

:

67

62

64

64

63

68

69

63
64

65
66

65
66

64
65

69
70

70

65

67

67

66

:

Treasury survey-commercial bank ownership

81

(Continued on following page)

70
71

73

Treasury Bulletin

178

CUMULATIVE TABLE OF CONTENTS.
January 1970 through December 1970

-

(Continued)

Issue and page number

Apr.

Market quotations on Treasury securities
End -of -month closing quotations by issues
Chart-Yields of Treasury secxirlties

July

May

Aug.

Sept.

tet.

Nov.

:

Average yields of long-term bonds
Average yields of Treasury, corporate and municipal bonds
by periods
Chart - Average yields of Treasury, corporate and
immic ipal bonds

81
83

86
88

81
83

34

89

84

85

90

84

78
80

76
78

71
73

81

79

74

i2

80

75

78
80

73
75

72
74

81

76

75

82

77

76

77
79

:

Exchange Stabilization Fund :
Balance sheet
Income and expense

76
77

89
90

87

81

77
78

National bank reports :
Income, expenses, and dividends for calendar year 1969....

International financial statistics
U.S. reserve assets
U.S. liquid liabilities to foreigners
U.S. liquid liabilities to official institutions of
foreign countries, by area
Nonmarketable U.S. Treasury bonds and notes issued to
official institutions of foreign countries
U.S. position in the IMF
U.S. net monetary gold transactions with foreign countries
and international and regional organizations
:

86
87

91
92

83

84

82
83

93

93

85

84

39

93
94

85

91

93
94

86

84
85

92

95

90

95

87

88
89

90

92

78
79

78
79

79
SO

82
83

81

84
84
85

81

85
86

81

81
82

82

87

82

83

86

Capital movements between the United States and foreign
countries
Liabilities to foreigners reported by banks in the
United States
Claims on foreigners reported by banks in the United
States
Liabilities to foreigners reported by nonbanking concerns
in the United States
Claims on foreigners reported by nonbanking concerns in
the United States
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States
Foreign credit and debit balances in brokerage accounts...
:

95

98

98

90

85

90

35

86

89

103

lOo

101

106

98

93

98

93

94

97

109

112

107

112

104

99

104

99

100

103

103

104

107

109
118

110
119

113
122

103

113

116

111

116

108

107

103

108

119
128

122
131

117
126

122
131

114
123

113
122

109
118

114
123

Foreign branches of United States commercial banks
Dollar and foreign currency assets of foreign branches....
Dollar assets of foreign branches ,.,,
Foreign currency assets of foreign branches
Dollar and foreign currency liabilities of foreign
branches
Dollar liabilities of foreign branches
Foreign currency liabilities of foreign branches
Dollar and foreign currency assets of foreign branches in
United Kingdom
Dollar assets of foreign branches in United Kingdom
Foreign currency assets of foreign branches in United
Kingdom
Dollar and foreign currency liabilities of foreign
branches in United Kingdom
Dollar liabilities of foreign branches in United Kingdom..
Foreign currency liabilities of foreign branches in United
Kingdom
:

126
i:'7
IJ-i

12'-)

130
131
132
133
134
135
136

137

Foreign currencies acquired by the U.S. Government without
payment of dollars
Foreign currency transactions, summaiy and countiy uses...
Foreign currency transactions, U.S. uses and trust funds..
:

Financial operations of Government agencies and funds
Government corporations and other business-type
activities
Statements of f inane ial condition
Statements of income and expense
Statements of source and application of funds
Regular Governmental activities:
Statements of financial condition
Federal credit programs:
Direct sales and repurchases of loans
Loans outstanding, excluding interagency loans
Trust funds:
Federal Old-age and Survivors Insurance Trust Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplementary Medical Insurance Trust Fund
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts

134
135

139
140

:

126

142

121

125
146

131
153

170
133

134
135
135
136
136
137
138
139

156
157

136

153
154
158
159
159
160
160
161
162
163

169

148
149

125

185

126
127
127
128
128
129
130

186
187
187
188
188
189
190
191

131

POSTAGE AND FEES PAID
TREASURY DEPARTMENT

THE DEPARTMENT OF THE TREASURY

U.S.

FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER

WASHINGTON,

D.C. 20226

OFFICIAL BUSINESS

BUY
AND
HOLD
UNITED
S

TAT

E S

SAVINGS

BONDS

<

Treas.
HJ
10
.A2

1970
C.2

U.S. Treasury Dept.

Treasury Bulletin