Full text of Treasury Bulletin : December 1973
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LIBRARY
ROOM 5030
liii
5
i974
TREASURY DEPARTMENT
DEPARTMENT OF THE TREASURY
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
FISCAL SERVICE. BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
WASHINGTON,
TREAS
D.C. 20226
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
STATES
SAVINGS
BONDS
-
553
December 1973
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The Treasury Bulletin
is for sale by the
Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $43.30 domestic, $54.15 foreign.
Single copy price varies.
Treasury Bulletin
December 1973
DEPARTMENT OF THE TREASURY
WASHINGTON,
OFFICE OF THE SECRETARY
D.C.
December 1973
CONTENTS
Articlp
-
V
Treasury Financing Operations
FEDERAL FISCAL OPERATIONS
FFO-1.
-
FFO-2.
-
Chart
-
FFO-3.
FFO-4.
FFO-5.
FFO-6.
FFO-7.
FFO-8.
-
-
-
-
-
-
Summary
of Fiscal
FFO-9.
1
2
4
5
6
Undistributed Intrabudgetary Transactions
Budget Outlays by Major Function
Investment Transactions of Government Accounts in Federal Securities
Trust Funds Transactions
Loan Disbursements and Repayments, Net Lending, and
Loan Balances
-
Operations
Budget Receipts by Principal Sources
Budget Receipts by Principal Sources
Budget Outlays by Agencies
of
Detail of Excise
"7
...
Federal Credit Programs
9
10
II
Tax Receipts
13
FEDERAL OBLIGATIONS
FO-1.
-
FO-2.
-
Gross Obligations Incurred Within and Outside the Federal Government
by Object Class
FO-3.
FO-4.
-
-
16
Gross Obligations Incurred Outside the Federal Government
by Major Function and Major Object Class
Gross Obligations Incurred Outside the Federal Government
by Department or Agency
Gross Obligations Incurred Outside the Federal Government
Comparative Statement by Months
TUS-2.
TUS-3.
TUS-4.
-
Status of the Account of the Treasurer, U.S
-
Analysis of Changes
-
-
MS-1.
-
,
U.S.
Tax and Loan Account Balances
Summary of Cash Transactions through the Account of the Treasurer, U.S.
Gold Assets and Liabilities of the Treasury
in
MONETARY
Money
17
18
ACCOUNT OF THE TREASURER
TUS-1.
16
22
23
^4
24
STATISTICS
25
in Circulation
FEDERAL DEBT
FD-1.
FD-2.
FD-3.
-
-
Summary of Federal Debt
Computed Interest Charge and Computed
on Interest-Bearing Public Debt
Interest-Bearing Public Debt
26
Interest Rate
26
27
Treasury Bulletin
//
CONTENTS
Maturity Distribution and Average Length of Marketable
Interest-Bearing Public Debt
FD-4.
FD-5.
FD-6.
FD-7.
FD-8.
Special Public Debt Issues
FD-9.
FD-10.
Status and Application of Statutory Limitation Limitation
Treasury Holdings of Securities
Interest-Bearing Securities Issued by
Participation Certificates
Debt Subject to Statutory Limitation
^
27
28
29
•
Government Agencies
30
31
*^2
33.
PUBLIC DEBT OPERATIONS
Maturity Schedule of Interest-Bearing Marketable
Public Debt Securities
PDO-1.
PDO-2.
PDO-3.
PDO-4.
PDO-5.
PDO-6.
PDO-7.
PDO-8.
PDO-9.
^^.
Offerings of Treasury Bills
New Money Financing through Regular Weekly Treasury Bills
Offerings of Public Marketable Securities
Securities Issued at a Premium or Discount
.
Unmatured Marketable
Allotments by Investor Classes on Subscriptions
Public Marketable Securities
.
35
38
42.
...
45
for
47
SO
^"-
Disposition of Public Marketable Securities
Foreign Series Securities
Foreign Currency Series Securities
-
-
55
62
UNITED STATES SAVINGS BONDS
SB-1.
-
SB-2.
-
SB-3.
-
Sales and Redemptions by Series, Cumulative
Sales and Redemptions by Periods, All Series Combined
Sales and Redemptions by Periods, Series E through K
SB-4.
-
Redemptions
of
6^
65
66
68
Matured and Unmatured Savings Bonds
UNITED STATES SAVINGS NOTES
SN-1.
Sales and Redemptions by Periods
-
•
69^
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
OFS-2.
-
Distributions of Federal Securities
-
Estimated Ownership of Public Debt Securities
....
70
TREASURY SURVEY OF OWNERSHIP
TSO-1.
-
TSO-2.
-
Summary
of Federal Securities
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
72
73
'*'„
December 1973
III
CONTENTS
TSO-3.
TSO-4.
TSO-5.
TSO-6.
-
Interest-Bearing Marketable Public Debt Securities by Issue
-
Interest-Bearing Nonmarketable Public Debt Securities
-
Securities Issued by
-
73
75
75
76
by Type
Government Agencies
Securities Issued by Government-Sponsored Agencies and D.C
MARKET QUOTATIONS ON TREASURY SECURITIES
80
80
-Treasury Bills
Treasury Notes
- Treasury
Bonds
- Yields of Treasury Securities
MQ-1.
MQ-2.
-
MQ-3.
Chart
81
82
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
-
Chart
-
Average Yields
Average Yields
of
of
Long-Term Treasury, Corporate and Municipal Bonds
Long-Term Treasury, Corporate and Municipal Bonds
.
.
.
.
.
.
83
84
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
-
IFS-2.
-
U.S. Reserve Assets
U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions,
85
86
87
88
89
90
IFS-3.
•
and Liquid Liabilities to All Other Foreigners
U.S. Liquid and Nonliquid Liabilities to Official Institutions
IFS-4.
-
of Foreign Countries, by Area
Nonmarketable U.S. Treasury Bonds and Notes
IFS-5.
-
U.S. Position in the
IFS-6.
-
U.S. Net Monetary Gold Transactions with Foreign Countries
•
CAPITAL
CM-I-1.
-
CM-I-2.
-
IMF
MOVEMENTS BETWEEN
LIABILITIES
•
U.S.
AND FOREIGN COUNTRIES
TO FOREIGNERS REPORTED BY BANKS
Short-Term Liabilities by Type of Foreign Holder
Short-Term Liabilities by Type of Liability
-
U.S.
93
94
96
97
98
99
,
Short-Term Liabilities by Country
Short-Term Liabilities, by Type and Country
CM-I-3.
-
CM-I-4.
-
CM-I-5.
-
CM-I-6.
-
Short-Term Liabilities, Not Regularly Reported Separately
Long-Term Liabilities by Type
CM-I-7.
-
Long-Term
Liabilities
^00
by Country
CLAIMS ON FOREIGNERS REPORTED BY BANKS
-
U.S.
101
102
103
-
Short-Term Claims by Type
Short-Term Claims by Country
Short-Term Claims, by Type and Country
Long-Term Claims by Type
-
Long-Term Claims by Country
105
CM-II-1.
-
CM-II-2.
-
CM-II-3.
-
CM-II-4.
CM-II-5.
104
IV
Treasury Bulletin
CONTENTS
CM-II-6.
Long-Term Claims, by Type and Country
-
106
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS
CM-III-1.
Liabilities
-
-
U.S.
107
by Type
CM-III-2.
-
CM-III-3.
-
Short-Term Liabilities by Country
Short-Term Liabilities, by Type and Country
108
109
CM-III-4.
-
Long-Term Liabilities by Country
110
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS
CM-IV-1.
-
CM-IV-2.
-
CM-IV-3.
-
CM-IV-4.
-
CM-IV-5.
CM-IV-6.
CM-IV-7.
-
-
-
-
U.S.
Claims by Type
HI
Short-Term Claims by Country
Short-Term Claims, by Type and Country
Short-Term Liquid Claims Reported by Large Nonbanking Concerns
by Type
Short-Term Liquid Claims Reported by Large Nonbanking Concerns
112
113
114
114
by Country
Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country
Long-Term Claims by Country
115
116
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
-
CM-V-2.
CM-V-3.
-
CM-V-4.
-
CM-V-5.
CM-V-6.
CM-V-7.
CM-V-8.
-
-
-
.
-
CM-V-9.
-
CM-V-10.
-
CM-VI-1.
.
CM-VI-2.
-
Foreign Purchases and Sales of Long-Term Domestic Securities
117
Foreign Purchases and Sales of Long-Term Foreign Sacurities
Net Foreign Transactions in Marketable U.S. Gov«rj\ment Bonds and Notes
Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes
•
Net Foreign Transactions in Long-Term Domestic Bonds
Net Foreign Transactions in Domestic Stocks by Country
Net Foreign Transactions in Long-Term Foreign Bonds by Country
Net Foreign Transactions in Foreign Stocks by Country
Foreign Purchases and Sales of Long-Term Securities, Latest Date
Foreign Purchases and Sales of Long-Term Securities, Latest Year
117
US
119
120
121
222
123
124
125
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
Foreign Credit Balances (Due to Foreigners)
Foreign Debit Balances (Due from Foreigners)
FINANCIAL OPERATIONS OF
126
127
GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
jGA-III-l.
-
Direct Sales and- Repurchases of Loans
Cumulative Table< of Contents
'
Note:
Details of figures
may not add
128
129
to totals
because of rounding.
December 1973
Treasury Financing Operations
Tax Anticl-pation Bills
to be in
On November 21 tenders were invited for $1,0 billion, or
anticipation bills to be an additional
thereabouts, of tax
amount of bills orginally issued November 1, 1973,
to mature
April 19, 197/;, and for $2.0 billion, or thereabouts, of tax
52-Week Bills
On November 8 tenders were invited for $1,800 million,
or thereabouts,
of 364-day Treasury bills to be dated Nov-
December 3, 1973, to mature
ember 20, 1973, and to mature November 19, 1974. The issue
Both series were to be issued December 3 but
was to refund $1,802 million of bills maturing November 20.
anticipation bills to be dated
Jime 21, 1974.
the minimum amount of $110,000 or in multiples of
$55,000 over that amount.
because of the prohibition against new debt issues
occasioned
,
Tenders were opened on November 14.
They totaled $3,437
by the temporary reversion to the permanent public debt limit,
million, of which $1,801 million was accepted, including $33
both series were issued on November 30, and the June 21, 1974,
million of noncompetitive tenders
maturities bear an issue date of November 30, 1973.
will be acceptable at face value in payment of income taxes
due April 15, 1974, and June 15, 1974,
respectively.
Ten-
ders were opened on November 28.
Tenders received
million, or
$83 million
for the
which $1,001
accepted, including
The average bank
tenders.
13-Week and 26-Week Bills
taled $21.5 billion.
These issues were of fered for cash and
in exchange for $21.4 billion of maturing bills
Tenders received for the June bills totaled $3,024 mil$1,999 million was accepted. Including $188
The average bank discount
.
rate was 7.790 percent.
any one bid-
The limits for noncompetitive tenders from
der were $250,000 for the April bills and $500,000
June bills.
Payment for 50 percent of the
allotted could be made
counts
through
Treasui;,-
for the
amount of bills
tax and
loan ac-
.
Stri-p Bills
On November
5
tenders were invited for additional amounts
of eleven outstanding series of
Treasury bills, the weekly
issues maturing from November 23, 1973, through January 31,
1974, to an aggregate amount of $1.1 billion, or thereabouts,
to be issued November 14.
Tenders were
million, of which
opened on November 9
and totaled $2,153
$1,100 million was accepted including $2
million of noncompetitive tenders.
The average bank discount
rate was 8.670 percent, based on 43.1 days, the average num-
ber of days
to maturity for the eleven issues
for noncompetitive tenders
was $220,000.
.
The limit
Bidders were re-
quired to submit a single price for each tender.
Tenders had
There were
Average rates for the new issues are shown
in the following table.
million of noncompetitive tenders
.
five 13-week issues of $2.5 billion and five 26-week issues
of $1.8 billion.
discount rate was 7.830 percent.
lion, of which
The average bank discount
7.708 percent.
Issues of regular weekly Treasury bills in November to-
totaled $2,507
April bills
million was
of noncompetitive
.
The bills
Tate of issue
.
)
Treasury Bulletin
VI
Treasury Financing Operations
from others must be accompanied
by payment of 2 percent of
-
(Continued)
Foreign Series and Foreign Currency Series
the face amount of bills applied for, unless the tenders are
securities issued
Foreign series
in November totaled
accompanied by an express guaranty of payment by an incorpo-
$8,850 million, consisting of fifteen certificates of indebt-
rated bank or trust company.
edness and one note
million.
Noncompetitive tenders (without stated price), usually
Redemptions for the month totaled $10,5'i8
outstanding totaled $24,477 million.
for $200,000 or less from any one bidder, for each issue of
(
13-week, 26-week, and 52-week bills, are accepted in full at
retails are shown on page
Foreign currency
the average price of accepted competitive bids for an issue.
Payment for accepted tenders must be made or completed
.
At the end of November, foreign series securities
61
.
series securities
issued in November
consisted of one note denominated in Swiss francs equivalent
to $33 million.
Redemptions for the month totaled an equiv-
on the date of issue, in cash or other immediately available
alent of $32 million. At the end of November, fore ign currency
of Treasury bills maturing
series securities outstanding totaled an equivalent of $1,586
Payment for 13-week, 26-week, and 52-week bills
million and were denominated in German marks and Swiss francs.
funds or in
on that date.
a like face amount
(Details are shown on page
may not be made by credit in Treasury tax and loan accounts.
Note:
Details of Treas'jry market financing operations arc
c);0wr.
64.)
elsewhere in tables on public debt operations.
December 1973
.FEDERAL FISCAL OPERATIONS^
Table FFO-1.
-
Summary
of Fiscal Operations
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-2.
-
Budget Receipts by Principal Sources,
fin millions of dollars)
Income taxes
Fiscal year
or month
Net
budget
receipts
Individual
Corporat on
Net
total
Other
1964
1965
1Q66
1967
1968
1969
1970
1971
1972
1973
1974 (Est.)
112,662
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
270,000
39,259
36,840
42,811
50,521
57,301
70,182
77,416
76,490
83,200
98,093
15,331
16,820
18,486
•18,850
20,951
27,258
26,236
24,262
25,679
27,019
5,893
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
21,866
469
257
353
61
61
n.a.
48,697
48,792
55,446
61,526
68,726
87,249
90,412
86,230
94,737
103,246
117,000
7,59Ur
8,613
8,206
14,633r
16,748
18,972
7,lglr
8,425
7,915
1973-Jan.
Feb...
Mar.
Apr
May
June.
21,130
18,067
15,987
25,860
16,584
28,537
8,254
8,404
8,748
8,648
8,813
9,168
4,671
768
1,494
9,124
1,444
3,735
27
1,104
6,833
6,185
6,433
597
12,897
8,067
3,409
11,587
3,825
12,306
July..
Aug..
Sept..
Cot...
18,121
21,291
25,007
17,637
8,487
9,085
7,940
8,752
681
451
3,903
550
354
257
135
71
8,814
9,279
11,707
9,230
Fiscal 1974
to date ....
82,058
34,263
5,585
1972 -Oct...
Nov. ,
Dec...
.
.
.
.
.
.
69
39,030
Net
total
24,301
Net total
income
taxes
December 1973
.FEDERAL FISCAL OPERATIONS,
Table FFO-2.
-
Budget Receipts by Principal Sources
-
(Continued)
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS^
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December 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-3.
-
Budget Outlays by Agencies
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-4.
-
Undistributed Intrabudgetary Transactions
December 1973
—
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December 1973
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Investment Transactions of Government Accounts
(
r'ltn,
Fiscal year
or tiKjnth
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Fedii-al
Old-A*;.--
692
458
-858
3,741
1,584
2,898
3,953
1,274
1,827
2,298
1974 (Est.
),
T^75-bct
3,04^
Nov
Dec
-557
-688
1973-Jan
Feb
Mar
Apr
May
June
.
.
.
July
Aug
Sept
Oft
Fiscal 1974 t6
date
and
Survivors
Insurance
Trust Bund
IMiication
Feileral
Disability
Insurance
Trust Fund
-137
-263
-411
."'9'_'
•i91
1,121
1,342
1.261
IVelfari?
Federal
Hospital
Insurance
Trust Fund
Federal
Supplementary
Medical
Insurance
Trust Fund
13-overnjnent
Federal
Housing
Administration
r4>rtf^age Assn.
i'artici
pat ion
Sales
Fund
479
-197
-129
45
135
165
131
128
lOQ
50
62
470
465
-369
197
Other
n.a.
n.a.
n.a.
396
-151
104
-252
-391
577
-51
-1
-4
50
-1
-7
-29
193
14
_•;
26
18
486
74
IJl
49 3
31
264
1,651
-1,051
5
320
110
50
25
-10
484
265
114
7
^21
-8
14
32
14
1
6
n.a.
-8
-10
-3
Unemployment Trust
Fund
582
967
1,468
1,156
1,146
938
488
-1,747
-1,428
1,144
n.a.
-233
332
-161
-475
208
-406
-280
1,339
It
-1^2
126
41
Other
24
-17
28
299
-1
-20
Federal
Insurance
Administration
-256
-Ibl
-19
-9
-7
-146
1,3 38
-27
-53
152
126
labor Department
National
792
9 34
-292
189
380
287
-219
326
618
Housing and Urban Development Department
77
-345
244
221
222
377
(Ne t)
Ji millions of dollars)
Depai-tnient
138
-194
786
497
87
590
693
in Federal Securities
-1
^'53
1
-266
1,172
-252
-227
427
Other
Treasury Bulletin
10
.FEDERAL FISCAL OPERATIONS.
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December 1973
11
.FEDERAL FISCAL OPERATIONS.
Table FFO-8.
-
Loan Disbursements and Repayments, Net
Lending, and Loan Balances of Federal Credit Programs
1/
(In million of dollars)
Fiscal Year
Classification
Loan
Loan
Disburse- Repayment t
ments
Net
Lending
kjan
Loan
Disburse- Repayments
ments
Net
Lending
Funds appropriated to the President;
Defense production act
Overseas Private Investment Corporation
Total
—
Farmers Home Administration:
Economic opportunity loans
Agricultural credit insurance
Direct loans
Emergency credit
Rural development insurance
Rural housing insurance
Self-help housing land development
State rural rehabilitation
—
Loan
Balances
End of
Period
Loan
Disbursements
Loan
Repay-
Net
Lending
ments
14
Funds appropriated to the President
A^rigulture Department:
Comniodity Credit Corporation:
Storage facility and short-term export sales credit
Total
Comparable Period
Fiscal Year 1973
197^^
i>jmulative to date
October 31. 1^73
Fanners Home Administration
1,''^4
174
245
45
1,211
1,400
265
59
49
69
53
-1
14
-2
216
-10
-15
86
463
18
-239
135
2,079
670
50
621
2.39
4,973
1,011
12,835
1,312
1
38
22
136
5
20.i
18
-63
-80
21'<
2
18
Rural Electrification Administration:
Rural telephone bank
Other
Other
Total
—
Agriculture Department
2h7
33'
Department;
Economic Development Assistance:
Economic Development Administration
Promotion of Industry and Commerce:
Trade Adjustment Assistance
Maritime Administration:
Federal ship mortgage insurance
Other
National Oceanic and Atmospheric Administration
1,016
Comitirrce
Total
—
11
1
Commerce Department
Defense Department:
Military:
Defense production guarantees
Civil:
Construction of power systems, Ryukyu Islands
Total
—
Defense Department
Health, Education, and Welfare Department:
Health Services and Mental Health Administration
Office of Education:
Higher education activities
Student loans
4o6
115
3
23
25
29
Other
Other
Total
—
Health, Education, and Welfare Department.
Housing and Urban Development Department;
Federal Housing Administration:
Federal Housing Administration fund
College housing loans
Housing for the elderly or handicapped fund
Low-rent Public Housing Program
11
In
.15
146
12
13
23
1
2
300
178
(Continued on following page)
133
-16
-1
122
1,512
3,2*9
522
172
96
17
6
22
89
-4
2
1
1
235
173
62
Treasury Bulletin
12
.FEDERAL FISCAL OPERATIONS.
Table FFO-8.
-
Loan Disbursemerlts and Repayments, Net Lending,
and Loan Balances of Federal Credit Programs
(
In
million of dollars^
-
(Continued)
i/
r
December 1973
13
.FEDERAL FISCAL OPERATIONS.
Table FFO-9.
-
Detail of Excise Tax Receipts
(In thousands of dollars)
First Quarter
Fiscal ypar
Fiscal Yeai'
i
Type of Tax
Alcohol taxes 2/
Distilled spirits
Wines
Beer
1973 1/
(July-Sept. 1972)
1974 1/
(July -Sept. 1973)
1/
1972 1/
1973 1/
3,51^.,/,S7
177,273
1,107,722
3,700,915
181,223
1,167,863
3,755,516
192,556
1,201,442
^ 300 482
',110,001
5,149,513
1,154,496
1,196,309
5^,775
2,149,527
2,232
54,173
2,151,158
1,942
53,794
2,221,019
2,137
12,306
384,965
418
11,325
603,686
2,206,^85
2,207,273
2.276,951
397,689
615,551
1'-'71
:
Total alcohol taxes
Tobacco taxes
Cigars
Cigarettes
Other 2/
.
,
787,444
44,6231322, 429
837,683
35,731
322,896
2/
:
Total tobacco taxes
Docume-ntarv and certain other stanip taxes
^
540
36
Manufacturers' excise taxes
Gasol ine 5/
Lubricating oil, etc
Tires, tubes, and tread rubber 5/
Passenger automobiles, chassis, bodies, etc, b/'
Trucks and buses, chassis, bodies, etc. 5/^/7
Parts and accessories for automobiles, trucks, etc. 7/,,
Radio and television sets, phonographs, components, etc,
8/
Refrigerators, freezers, air-conditioners, etc. 9/
Electric, gas, and oil appliances 8/
Pistols and revolvers
Phonograph records 8/
Musical instruments 8/
Sporting goods (other than fishing rods, creels, etc.) 8/
Fishing rods, ci'eels, etc
Business and store machines 8/
Electric light bulbs and tubes 10/
Firearms (other than pistols and revolvers) 11/
^.
Shells and- cartridges 11/
Mechanical x^encils, pens, and lighters 3/
Matches, 8/
:
3,547,678
88,185
593,377
1,695,112
625,290
34,078
3,741,lo0
95,474
681,320
563,223
497,138
94,099
,°27,535
103,094
814,042
-83,241
461,353
107,489
129
-10
-7
7,220
8
1
231
-41
7,563
-37
-25
1
-30
1,033,856
28,013
237,915
12,376
137,522
29,375
2,152
1,893
4,281
4,614
-5
-2
14,303
-12
13,023
2 ^-•,484
15,539
-66
-17
I
i5.771
1
!',728,657
Total manufacturers' excise taxes
Retailers' excise taxes
Furs 3/
Jewelry, etc 8/
Luggage, etc. 8/
Toilet preparations 8/
Noncommercial aviation gasoline 12/,.,
Noncommercial aviation fuel other than gasoline 13/
Diesel and special motor fuels 2/ Ifi/
8,332
977,987
25,330
223,382
-83,788
95,645
25,528
1
1
23,402
5,700
6,274
18,066
4,675
-24
5,083
5,395,750
l,280,3tfl
1,497,425
:
4
-*
Total retailers' excise taxes
Miscellaneous excise taxes
Admissions to theaters, concerts, etc. Ip/
Admissions to cabarets, roof gardens, etc. 15/
Club dues and initiation fees 16/
Telephone and teletypewriter exchange service 17/
Transportation of:
Persons by air 18/
Property by air 12/
' Use of International air travel facilities 20/
Use of safe deposit bozes 21/
Coconut and other vegetable oils processed 22/
Sugar
Narcotics and marihuana, including occupational taxes
22/
Coin-operated amusement devices - bowling alleys, pool
tables, etc . 21/
Coin-operated gaming devices
Wagering occupational tax
Wagers
Use tax on civil aircraft 24/
Use tax on highway motor vehicles having a "taxable
gross weight" exceeding 26,000 pounds 5/
Adulterated butter and filled cheese (imported and
domestic), process or renovated butter and imported
oleomargarine
Firearms transfer and occupational taxes
Interest equalization 2^/
Fore ign insurance
9
26
154
.
-69
4,753
8,838
10,918
266.338
19,381
298,608
10,246
23,613
334,473
3,152
5,730
81,071
2,952
12,327
92,884
282,1.44
326,833
368,372
89,955
108,161
-21
83
22
-IS
-81
-37
-120
-29
-60
-4
-2
-4
1,624,533
1,650,499
1,885,228
484,872
570,458
423,082
21,585
25,713
515,269
29,455
42,271
579,167
37,214
44,548
147,360
8,102
11,689
168,674
10,143
13,610
113,556
115,752
113,616
29,488
31,547
1,853
466
257
113
30
:
,.
2
2
2
15,183
369
4,572
17,720
19
14,847
348
4,315
20,375
2
7,286
376
5,553
19,293
4,877
39
728
5,962
4,367
33
970
6,495
145,058
157,279
188,517
71,997
98,202
4
161
12
5
122
60,118
9,579
71,885
15,725
20
179
68,965
14,650
)
Treasury Bulletin
14
.FEDERAL FISCAL OPERATIONS.
Table FFO-9.
-
Detail of Excise
(
Tax Receipts
In thousands of dollars
-
(Continued)
.
.
^
December 1973
15
.FEDERAL OBLIGATIONS.
"Obligations" are the basis on
will
controlled in the Federal Government.
at which the
jpoint
Government makes
ch the use of funds is
— order,
action without regard to
They are recorded at the
a
for salaries and wages,
firm ooiiimitment to
'acquire goods or services and are the first of the
events
of categories which are based upon
'
delivery, payment, consimiption
Iterize the acquisition and use of resources.
foi.ir
tlie
nature of the transAll payments
ts ultimate purpose.
for example, are reported aS personnel
compensation, whether the personal services are used in current
key
— whicli charac-
In general,
i
operations or in the construction of capital items.
they
Federal agencies and firms
often do business with one'
consist of orders placed, contracts awarded, services received,
another; in doing so, the" buying" agency records obligations,.
and similar transactions requiring the disbursement of money
and
'operations on the national economy, since it frequently repre-
sents for
Government commitment
business firms the
;
which
1
Istimulates business investment,
and employment of labor.
Disbursements
months after the Government
itself
usually causes
including inventory purchases
may
not occur for
places its order but the order
immediate pressure
on the
private
economy
Obligations are classified
reimbursements.
Tables FO-2,
ment.
Obligation
3,
and ^ show only those incurred Outside.-
data for
the administrative
budget
fund
]
accounts were first published in the September 1967 Treasvu-y
Bulletin and
the trust fund accounts were
in the October 1967 Bulletin.
Bulletin,
the data are on
the basis of the budget concepts,
Commission on Budget Concepts.
\
first published
Beginning with the April 19681
adopted pursuant to the recommendations
according to a uniform set
In
ment are distinguished from those incurred outside the Govern-
the Government's
gauging the impact of
agency records
Table FO-1, obligations that are incurred within the Govern-'
The obligational stage of Government transactions is a
strategic point in
the "performing"
of the President's
)
Treasury Bulletin
16
.FEDERAL OBUGATIONS.
Table FO-1.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, September 30, 1973
(In millions of dollars
Gross obligations incurred
Object class
Outside
.
December 1973
17
.FEDERAL OBUGATIONS.
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18
Treasury Bulletin
.FEDERAL OBUGATIONS.
a
)
.
December 1973
19
.FEDERAL OBUGATIONS.
Table FO-1.
-
Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, October 31, 1973 1/
(In millions of dollars)
Gross obligations incurred
Object class
Within
Personal services and benefits
Personnel compensation
I^rsonnel benefits
Benefits for former personnel
13,801
1,076
2,506
Contractual services and supplies
Travel and transportation of persons
Transportation of things
Rent, communications, and utilities
Printing and reproduction
Other services
Supplies and materials
Acquisition of capital assets
Equipment
Lands and structures
Investments and loans
Grants and fixed charges
Grants subsidies and contributions
Insurance claims and indemnities
Interest and dividends
Refunds
,
,
Other
Undistributed U.S. obligations
Obligations incurred abroad
Unvouchered
13,801
2,246
2,506
489
498
191
517
='03
456
153
10,350
6,404
114
3,910
2,573
680
1,015
1,269
267
14,260
8,977
4,435
1,472
2,625
611
164
57
5,046
1,637
2,682
13,199
27,218
7,147
407
679
13,378
:'".238
r'..;'68
407
?,11]
-1,832
2,875
33
Gross obligations incurred 2/
'-^•-'^'^
Source:
Reports on obligations, Standard Form 225, from agencies.
1/ See footnote 2, Taole FO-4
2/ 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 Governjnent 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 cbligations 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,
1973
i/
$107,232
21,455
13,955
Treasury Bulletin
20
.FEDERAL OBUGATIONS.
<M
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to
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December 1973
21
.FEDERAL OBLIGATIONS.
0)
>
o
'2
.
.
.
:
Treasury Bulletin
22
J^CCOUNT 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
In this way the Treasury is able to fteutralize the
detailed description of the Treasury's depositary system
money from a customer's account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasuriy for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table TUS-1.
-
Status of the Account of the Treasurer of the United States
-to
Federal
Reserve
Banks
Special
depositaries,
Treasury Tax
and Loan
Accounts
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
939
67?
7b6
1.311
1.07A
1,25S
l.OOS
1,274
4,038
9,130
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
1971-Dec.
2.020
9,173
2;3«
1972-Nov.
Dec.
1973-Jan.
Feb.
Mar,
Apr.
May..
June
Time deposits
and other
Other
depositaries 2/
139
106
Federal
Reserve
banks
10,238
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
234
233
11 306
244
,
Other
depositaries J/
3S0~
320
252
266
190
158
218
187
370
577
352
393
355
419
252
243
depositary
accounts
179
117
Coin,
currency,
and coinage
metal
Miscellaneous
items
Gold
Balance
54
41
553
277
441
471
586
86
104
121
108
129
70
120
108
102
112
111
112
111
109
107
107
229
424
126
113
92
145
534
775
1,159
768
58
55
93
62
Balance in
account of
Treasurer
of the
United
States
,
7,759
6,694
7,104
9,016
9,911
11,310
13,741
12,329
8,278
11,073
181
121
87
104
29
37
447
570
90
107
107
9,220
12,102
2,749
2,073
2,882
8,317
9,401
9,744
°,683
4,679
8,433
310
310
309
11,376
11,784
12,936
14,156
8,232
12,576
393
147
139
476
145
243
137
104
105
194
110
117
17
40
48
42
25
41
597
613
631
644
619
586
86
76
139
77
106
70
107
107
107
107
107
107
12,712
12,870
14,104
15,695
9,343
13,741
4,203
2,217
108
8
55
28
71
71
151
141
271
185
64
61
6,582
3,731
210
69
70
1-^0
57
542
549
578
582
536
67
57
67
65
,666
7,178
3,072
8,279
5,691
4,681
107
107
107
107
107
8,164
4,015
9,532
6,722
5,608
2,867
847
1,626
1,839
1,Q45
Source:
Daily Treasury statement.
\J Effective January 1972, the Treasury operating balance excludes the
gold balance in Treasury.
2/ Represents deposits in certain commercial depositaries that have
been converted from a time deposit to a demand deposit basis to
permit greater flexibility in Treasury cash management.
,2/
ij
.19
23
24
53
'
12 407
310
310
311
311
106
i
11,036
12,610
6,786
8,907
4.162
3,242
.
rln'jIfl-pQ')
1,132
1,856
4,038
July.
Aug..
Sept.
Oct..
Nov.
nr
thorough
Available funds in
demand accounts at:
End of
fiscal year
or month
iilTj^nn.Q
Funds in process
of collection
Treasury operating balance 1/
Represents funds in process of collection by (a) the Treasurer, U.S.
and (b) commercial banks which have been authorized to defer creJit
ujitil checks are collected.
Data prior to January 1972 included in
Miscellaneous items column.
The free gold balance can be readily converted to available funds with
Federal Reserve banks.
.
December 1973
23
_:^ACCOUNT OF THE TREASURER OF THE UNITED STATES,
Table TUS-2.
-
Analysis of Changes in Tax and Loan Account Balances
(Tn iTiniinns nf dnilar.sl
Credits
Proceeds from sales of securities
Fiscal year
or month
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Savings
bonds
and
savings
notes 2/
Retirement
plan and
tax and
l0S3
boTids
Withheld,
excise,
and co]>
poratlon
Dui'iiig
IncoTie (by
special
arrange-
^
Total
Credits
Withdrawals
58, 277
60,050
74,699
59,421
9,180
53, 540
75, 338
10,6:3'1
End of
period
period
High
Average
ment) 2/
2/
2,014
43,580
42,475
48,478
2,340
7, 3,vJ
9,921
12, 598
14,522
9,257
1,577
1,844
447
710
1,029
185,66">
J7,160
112,741
141,921
149,317
152,900
164,645
184,874
10,050
4.272
4,113
4,525
6,929
7,372
7,634
8,433
10,257
10,872
11,274
9,97^
3,004
9,720
7,990
8,532
10, 251
10,854
4,747
5,431
4,324
3,775
4,191
4,329
4,022
7,ij43
1,627
1,173
3,') 38
,57fj
5,417
3,640
12,421
3,261
10,408
13,043
6,954
6,443
4,413
6,153
123,906
132,460
131,121
145,797
171,828
1972- Nov.
Deo.
236
236
1,972
2,441
2,106
2,047
11,445
15,709
15,759
20,433
15,020
13,315
6,786
8,907
6,786
8,907
2,763
1,468
4,691
5,213
1973-Jan.
Feb.
Mar.
Apr.
May.
343
12,703
13,153
17,417
16,969
14,526
19,871
13,063
13,473
17,704
17,263
L;,817
13,654
12.386
17, s-i
17, 323
3,317
9,401
9,744
9,683
11,817
4
8,760
10,854
10,254
9,683
^,541
2!M41
lb,
14
3,190
5,373
5.763
1,876
3,904
1,363
6,190
7,768
3,241
5,921
6,713
4,339
13,905
14,322
17,024
13,570
13,893
]4,15''
13,377
17,551
12,856
17,403
17,1 ''6
8,299
4,248
6,582
6,020
4 781
2,573
1,622
545
2,ol5
392
4,570
2,254
2,929
4,123
2,53b
3,30^)
17
320
212
2^)1
Jxine
July
Gept
239
200
Oct.
Nov.
211
Au):.
,
^
Tax
anticipation
securities
2, 76'J
2,635
2,704
^,7i^
2,673
2,599
2, 573
2,844
faaJ-an-'e
Taxe^
2U
1,939
70, 524
90, '/Ol
6,
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 pxorchase price of U.S. Oovernment securities
purchased hy bhem for their cwn account, or for the acco'int 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.
2/ Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bonds first issued in Nferch 1968.
^/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositary banks, as follows;
Withheld income taxes beginning
'1,332
112,533
142,333
151,721
153,346
164,920
I'.,
558
17,224
14,d01
16,043
33-'
679
3,433
,
4,203
2,217
6,582
3,781
2,066
8
6'
,
709
834
846
1,737
300
5,146
5,643
5,644
March 1948; taxes on employers and employees under the Federal Insurance Contributions Act beginning January 1950, 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; all corporation income taxes due on or after March 15, 1963;
and FUTA taxes beginning April 1970.
2/ Under a special procedure begxin in March 1951, authorisation Wis given
during certain per.iods for income tax payments, or a portion of them
made by checks of $10,000 or more drawn on a special depositary bank,
to be credited to the tax and loan account in that bank. This procedure was discontinued in April 1967.
6/ Represents a corrected classification of a December 1972 transaction.
,
..
24
Treasury Bulletin
I
JVCCOUNT OF THE TREASURER OF THE UNITED STATES
Table TUS-3.
Summary
Cash Transactions through the Account
of the Treasurer of the United States
-
of
(In millions of dollars)
Net cash transactions other than borrowing
Deposits and withdrawals (budget
and other accounts)
Fiscal year
or month
Cash
deposits
Cash withdrawals
\/
196-i.
121.562
1965.
1966.
1967.
1963.
1969.
1970.
1971.
1972.
125,^6/;
Ul,095
U2,191
163,036
165,086
201,735
209,924
205,961
228,285
1973.
253,207
164,591
184,581
201,491
223,648
229,353
244,880
276,736
1972- Nov..
Dec.
17,743
21,161
1973-Jan..
Feb..
Mar.
Apr,
May..
June,
July.
Aug..
Sept.
Oct..
Nov,
Fiscal 1974 to date.
Excess of deposits,
or withdrawals (-)
124,047
126,395
Plus
Net cash borrowing, or repayment of
borrowing -)
:
Clearing
accounts
2/
Total net
transactions
(
Equals:
Treasurer's
account balance, increase, or decrease (-
-13,723
-23,393
-16,594
-23,529
-1,491
-584
-1,075
654
-2,095
-1,928
1,556
1,822
-5,632
2,365
-3,975
-1,515
-2,171
-901
-21,590
-1,684
-12,167
-21,571
-22,226
-21,164
2,895
3,089
1,968
-3,747
20,525
2,094
14,079
22,466
23,625
23,596
22,664
21,960
-4,921
-799
-42
-436
-4,963
-1,235
5,140
178
4,U7
2,332
24,042
19,881
18,376
26,762
20,852
27,617
24,127
23,697
24,170
24,759
24,145
23,701
-84
-3,816
-5,794
2,003
-3,292
3,916
-1,074
-364
3,775
-174
-2,537
2,233
-1,159
-4,180
-2,019
1,829
-5,829
6,149
1,769
4,338
3,253
-233
-523
-1,751
610
158
1,234
1,591
-6,352
4,398
21,542
22,414
26,007
20,765
21,535
25,575
28,051
22,795
26,411
26,180
-4,033
-5,637
3,212
-5,646
-4,646
-2,689
1,442
-164
-951
2,435
-6,722
-4,195
3,047
-6,597
-2,211
1,145
46
2,469
3,786
1,097
-5,577
-4,149
5,517
-2,811
-1,114
112,262
129,012
-16,750
73
-16,677
8,544
-8,133
-2,485
-931
-1,095
-1,555
-19,495
243
transactions.
1/ Exclude transactions of clearing accounts.
2/ Previously included under cash withdrawls.
Daily Treasury statement. Figures in the first four columns
may differ somewhat from those originally published in the daily
Treasxiry statement because of subsequent reclassification of certain
Source:
Table TUS-4.
-
-1,080
1,575
-293
-4,648
-1,065
409
1,912
895
1,399
2,432
Gold Assets and Liabilities of the Treasury
(In millions of dollars)
End of calendar year or month
Balance of gold in
Treasurer' s account
Gold assets 1/
Gold liabilities 2/
15,388
13,733 i/
13,159
11,982
10,367
10,367
10,732
10,132
157
107
118
112
111
112
109
113
10,410
15,231
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
10,303
Dec.
10,410
10,410
10,303
10,303
107
107
1973-Jan..
Feb..
Mar,.
Apr..
May..
June.
10,410
10,410
10,410
10,410
10,410
10,410
10,303
10,303
10,303
10, 303
10, 303
107
107
107
107
107
107
July.
Aug..
Sept.
Oct..
Nov..
10,410
JO, 303
10,410
10,410
11,567
11,567
10,303
10, 303
11,460
11,460
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
10,a0 4/
1972- Nov..
Source:
Circulation Statement of United States Money through 1965;
daily Treasury statement thereafter.
1/ Treasury gold stock which excludes gold in Exchange Stabilization
Fund. See "International Financial Statistics," Table IFS-1.
2/ Consists of: Gold certificates {Series 1934) issued only to Federal
Reserve banks; gold certificates fund-Federal Reserve System; gold
deposited try and held for the International Monetary Fund from
September 19, 1965 through February 15, 1972; redemption fund for
Federal Reserve notes until March 18, 1968 when it was combined with
the gold certificate fund pursuant to P.L. 90-269, approved March 18,
^
^/
10, 303
107
107
107
107
107
107
107
1968; and gold reserve against U.S. notes until March 18, 1968 when
it was transferred to the public debt also pursuant to P.L. 90-269.
The United States payment of the $259 million increase in its gold
subscription to the International Monetary Fund, authorized by
P.L. 39-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
when they revalued at $38 pursuant to the Par Value Modification Act,
The increment amounted to $822
P.L. 92-268, approved March 31, 1972.
million.
.,.
December 1973
25
.MONETARY STATISTICS.
Table MS-1.
(
-
Money
in Circulation
In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Federal
Reserve
bank
notes
b4
61
National
bank
notes
Cold
certificates 2,/
30
22
21
21
21
20
20
20
20
20
10
Nov.
Dec.
,
1973-Jan.
Feb.,
Mar.
Apr.
May..
Jxme.
July.
'"•1
Aug.
Sept.
Oct..
51
51
51
Federal
Reserve
notes 3.'^
Treasury
notes of
1890
United
Stales
notes
321
302
303
300
Federal
Reserve
notes 4/
Total
currencies
320
32,338
34,820
37,315
39,289
41,722
44,547
47,626
51,304
54,572
59,664
216
321
53,678
54,293
20
20
20
21";
214
214
320
320
320
55,802
57,289
58,619
56,413
57,899
59,229
20
20
20
20
20
20
214
214
214
214
214
213
320
320
320
319
320
320
56,428
56,796
57,251
58,102
59,106
59,664
57,038
57,405
57,860
58,711
59,715
60,273
20
20
213
213
213
213
320
320
320
321
60,072
60,189
60,011
60,790
60,681
60,798
60,620
61,399
1971-Dec.,
1972-Oct.
Silver
certificates
Currencies presently
being issued 1/
20
20
13
4
4
4
4
4
4
4
21c
215
213
299
294
297
321
320
34,5.29
36,058
38,290
40,071
42,331
45,146
48,223
51,922
55,184
60,273
Treasury Bulletin
26
FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal
Debt
J
December 1973
27
.FEDERAL DEBT.
Table FD-3.
-
Interest-Bearing Public Debt
(In millions of dollars)
Public if^rues
Marketable
Total
End of
fiscal year
or month
"interestbearint;
public
debt
307.157
313.113
315,431
322 286
i^'--;
196
1966
]967
1968
1969
1970
4^2,
114.6'^:'
197i?4Jov..
442,420
447,298
347.56'
351,350
2.:.'..u21
IQ'.'l.boo
:'o',50«
103.370
775
267.847
104.401
105.003
104. ^^n
103,163
265, 91=1
102,^153
Aui*.
45-', '-113
353,153
357,102
360,365
358,354
357,103
354,615
354,221
353.734
354,093
271,121
.July,
448.191
452,928
45S.737
455,214
455,431
450.353
457,217
262,971
262,708
262,405
262,356
264.047
100,061
39,860
101 730
'^9 762
396,2m
1972
42'',
Dec
.
.
1973-, Inn..
Feb.
.
Mt.r.
.
my
.
.
.Tune.
.
3"!
=!
:-epl.
45J,471
<>--t..
460, 'SV
Nov
.
.
3':'5,M6
M. 1.51-
54,929
58,535
64,440
68,356
76,154
86,677
2'.7,202
''4.64?
2vj.2,y71
loo,o...i
.:
.3.0^3
26'l.331
26-'.
113,419
117,340
644
in. 165
50,568
74,614
54.275
?,320
119,410
121,507
45.545
44.133
31,943
81,840
57,295
57,579
2,306
2,305
121,515
120.226
120,230
120,197
117,839
117,840
44.705
44.647
44.555
44.487
4 5.127
45,071
45,003
41,969
82,032
87,221
90,590
91,003
91,185
91,644
91,513
91,378
91,737
91,469
57,839
58,163
58,471
53 776
55.133
5", 413
282
60,326
52,549
50,649
4^,108
71,073
78.946
1971-Lip?..
197]
,
49,2^0
50,043
50,537
51.213
51,712
51.711
51,281
53,003
55,921
59,418
•.7,23/,
53,66-'
360
456,353
4^1
1-1,729
369,026
208.695
209 127
210,672
226,592
226,3 07
232,599
245,473
83,464
102,481
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
'':',74':'
1973
.
''44.
,
,
101, ''77
107. 74
1,6'^2
5,610
'-'",489
104 807
.
117,840
lis; 656
120,698
120,669
124,644
Daily Treasury statement.
bource;
1/ Consists of certificates of indebtedness. Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governjnents for U.S. dollars.
2/ Consists of the dollar equivalent of Treasury certificates of indebtedness; Treasury bonds from October 1962 - April 1967; and Treasury
notes beginning November 1966 issued and payable in designated foreign
currencies.
Table FD-4.
-
Ireasury
bonds
savings investbonds
ment
series
Treasuiv
bonds
264.463
264.311
266,131
284,874
2-3... 040
292,702
313,505
335,762
354,615
^3
Norunarketable
Total
public
issue?
41, '896
41.801
37,841
3/
,240
,768
,183
,459
,282
,833
,103
032
,560
,
'
'0
,
,
5'',ij52
5", 764
5-1,836
:>9,953
L'epoE-
itary
bonds
Foreii^
series
securities 1/
3.X'-'
3,25i3
101
59
2.692
2,539
2,516
44
45
817
30
2,4''9
28
2,337
2,347
2,310
2,275
25
Special
issues
Foreign
(!\irrency
Other
series
securities 2/
1/
392
4'j,627
2,001
1,703
3,389
7,606
16,913
26,731
1,137
957
890
1,740
2,367
1,366
1,664
2,072
1,743
656
389
322
1,407
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
14,733
2,011
1,246
85,656
22
22
19,120
18,921
1,852
1,710
1,353
1,304
94,851
95,948
18,756
23,792
26,760
26,755
26,594
26,781
26,420
26,159
26,420
26,175
24,477
1,713
1,561
1,573
1,743
1,743
1,743
1,746
1,758
1,758
1,586
1,401
1,392
1,468
1,423
1,419
1,407
1,403
1,405
1,432
1,464
1,601
95,038
95,826
96,422
96,360
98,327
101,738
102,996
106,134
105,378
105,071
101,561
23
22
19
2,301
22
2 292
2',291
22
22
2,290
2,277
2,275
2,275
2,275
2,275
2,275
2,275
21
20
19
17
17
16
16
16
1,,132
:'24
l.''?6
141
137
97
232
564
Includes Treasury bonds, Ffural Electrification Administration series
November 1961; retirement plan bonds beginning January 1963;
Treasury certificates beginning June 1973; Treasury bonds beginning
December 1969, State and local Government series (certificate of indebtedness, Treasuiy notes and bonds) beginning August 1972; and U.S.
savings notes beginning May 1967 and discontinued after June 30j 1970Treasury notes beginning December 1972.
beginj-iing
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt'
!
[n
million of dollars)
'
28
Treasury Bulletin
.FEDERAL DEBT.
Table FD-5.
-
Special Public Debt Issues
(In millions of dollar;-:)
Exchange
Stabilization
Pond
End of
fiscal year
or month
46,627
1965
1966
1967
1968
1969
1970
1971
1972
1973
292
232
560
833
722
2,513
22,917
216
5,946
2,787
2,903
25,525
26,110
5Q
54
6,979
7,083
30
24
95,038
95,826
96,422
96,360
98,327
101,738
2,908
2,932
2,925
2.912
2,917
2,934
26,148
26,171
26,100
26,161
26,165
27,804
88
264
227
228
289
263
7,056
7,003
7,155
7,281
7,201
7,488
14
22
10
102,996
106,134
2,936
2,869
2,888
2,339
42
28,058
27,799
138
112
293
154
68
7,460
7,464
7,514
7,504
7,327
National
service life
insurance
Postal
service fund
1971 -Deo.
85,656
1972- Nov.
94,851
95,948
June
July
Aug.
Sept
Oct..
Nov.
End of
fiscal year
or month
Federal home
loan banks
74
156
274
263
1,242
1,424
2,934
Feb.
Mar.
Apr.
May.
270
Federal
disability
insurance
trust fund
1,903
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
1973-Jan.
Federal
Deposit
Insurance
Corporation
13,530
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
<i8,650
Dec.
Federal
employees
ret Irement
funds
105, 378
105,071
101,561
Federal Savings
and Loan
Insurance
Corporation
Government
life insurance
fund
'il2
57
174
27, 748
27,694
27,599
H ighway
trust fund
82
100
924
52
152
52
199
44
62
3
3
Railroad
retirement
accounts
2 , 969
139
81
609
265
233
722
978
1,513
2,602
3,635
4,456
5,550
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
963
820
45
744
3,753
6,160
1,397
Dec.
170
156
700
710
,481
,652
6,197
6,339
1,794
1,842
1973-Jan.
140
Feb.
Mar.
Apr.
May.
90
81
87
12
705
699
693
683
680
690
4,764
5,020
5,184
5,287
5,489
5,550
6,329
6,328
6,317
6,303
6,292
6,427
1,530
1,4721,307
1,249
1,057
820
3,225
3,1°!
3,135
2,Q51
3,751
684
678
674
668
663
5,787
6,082
6,195
6,157
D,333
6,420
6,414
6,401
6,386
6,382
1,867
1,721
1,650
1,511
983
-,21t:.
332
287
223
3
36
1971-Dec.
Federal
old-age and
survivors
insurance
trust fund
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
14,799
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
2,947
26,573
2,221
31 440
2,799
30,752
2,992
2,989
3,475
3,549
3,680
4,172
30,460
30,649
31,029
31,316
31,097
31,424
4,437
4,757
5,241
5,506
5,449
31,417
33,068
32,017
32,042
31,479
Unemployment
trust fund
Other
1/
,
fund
956
933
938
814
876
842
797
758
717
690
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Federal
hospital
insurance
trust fund
5,783
5,909
172
287
188
802
3.742
3,766
4,931
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,186
8,330
772
497
842
1,133
1,899
3,361
7,406
1,067
^,412
7,552
7,392
1,503
1,727
'^(f:.
6,917
7,125
6,719
6,439
7,777
8,330
1,762
1,870
1,975
1,906
1 916
1,899
3,5 Tb
3,5Q1
3,379
8,065
9,236
S,984
'>.22'f
8,757
9,267
2,060
2,328
2,377
2,577
2,699
3,123
[339
583
ii
1972-Nov.
June
81
July
91
Aug.
Sept
13
13
Oct..
Nov.
52
54
Daily Treasury statements.
Consists of Federal Housing Administration fund; Employees life
insurance fund; Veterans' special life insurance fund; Veterans'
reopened Insurance fund beginning May 1965; Federal supplementary
medical insurance trust fund beginning July 1966; Servicemen's group
life insurance fund from August 1969 - January 1973; Emplq/ees health
So,ar,.^e
1/
.'•:
.
"
40'-,
',
benefits fund beginning October 1970; Expor1> Import bank of the
United States from February 1967 - October 1968; General Services Administration Participation Certificate Trust; and Washington Metropolitan
Area Transit Authority from November 1972 - March 1973; and Airport and
airwayi" *^rust fund beginning Jxily 1973.
Less than $500,000.
December 1973
29
.FEDERAL DEBT.
Table FD-6.
-
Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
1/
30
Treasury Bulletin
FEDERAL DEBT
Table FD-7.
-
Participation Certificates
December 1973
31
FEDERAL DEBT.
Table FD-8.
-
Debt Subject
to Statutory
(In millions of dollars)
End of
fiscal year
or month
Limitation
Treasury Bulletin
S2
FRHFRAT. HFRT
Table FD-9.
-
Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b)
provides that
authority of
that Act, and
,
as amended
of obligations issued under
the face amount
the face amount of obligations
guaranteed as to principal and interest by the United States,
billion outstanding
shall not exceed
in the aggregate
at any one time.
Public Law 93-173 provides that beginning
$<;00
The Act
of June 30, 1967
(public Law 90-39) provides
that the face amount of beneficial interests and participa-
tions
issued
under section 302 (c) of the Federal National
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
the fiscal year
at any time shall be
1968 and CXitstanding
added to the amount
otherwise taken into accoiint in deter-
on December 3, 1973, and ending on June 30, 1974, the public
mining whether the requirements of the above provisions are
debt limit shall be temporarily increased by $75.7 billion.
met.
Part A.
-
Status Under Limitation
November
30, 1973
(In millions of dollars)
The statutory debt limit established by the Second Liberty Bond Act, as amended
(31 U.S.C. 757b)
^65,000
Amounts outstanding subject to statutory debt limitation:
U.S. Govemjnent securities issued under the Second Liberty Bond Act, as amended
Debt of U.S. Government agencies
Participation certificates (12 U.S.C. 1717(c))
/^^ r^q
'435
1,135
Total arount outstanding subject to statutory debt limitation
^^^ ggo
Balance issuable under limitation
Part B.
-
10
Application of Statutory Limitation
(
.^.
November
30, 1973
Tn millions of dollars)
,.
Classification
Total
outstanding
,
.
Public debt:
Interest-bearing debt:
marketable:
Public issues
Treasury bills
Ti'easury notes
Treasury bonds
—
Total public issues
—
107,
W
12^,644
^7-841
270, 2 ?4
marketable
—
nonmarketable:
Public issues
Certificates of indebtedness:
Foreign series
Foreign cxirrency series
Treasury notes:
Foreign series
Foreign currency series
Treasury bonds
Treasury certificates
Treasury notes
U.S. savings bonds
U.S. savings notes
U. S. retirement plan bonds
Depositary bonds
Treasury bonds, R.E.A. series
Treasury bonds, investment series
Certificates of indebtedness - State and local
Government series
Treasury notes - State and local Government series
Treasury bonds - State and local Government series
Total public issues
—
10, 2**';
127
H,233
1,'459
250
328
55
60, 326
^'^1
65
16
8
2,275
2S
14-0
2jO
nonmarketable
'-'0
Special issues to Government agencies and trust funds
Total interest-bearing debt
,
426
825
44
43
1
323
71
213
^Q
1,^3"?
Total debt bearing no interest
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
Deduct debt not subject to limitation
Add participation certificates
Total subject to limitation
Source:
Daily Treasxiry statement.
*
Less than $500,000.
282
^62 076
Matured debt on which interest has ceased
Debt bearing no interest:
Special note of the United States:
International Monetary Fund series
Mortgage Gviaranty Insxirance Company Tax and Loss Bonds
U.S. savings stamps
Excess profits tax refund bonds
U.S. notes
Deposits for retirement of national bank and Federal Reserve bank notes
Silver certificates
Other debt bearing no interest
Total public debt
,
101, 561
464,037
436
__^
*
436
464.473
ol^^
1,135
464,^90
December 1973
33
FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
.. .
.
...
34
Treasury Bulletin
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,
1973
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
1/
Held by
Description
2/'
Amount of maturities
Year
and
month
of final
-
U.S. Govt,
Total
accounts and All
Federal Re- other
serve banks investors
Held by 2/ -
Description
U.S. Govt,
maturity
accoiints and
Federal Reserve banks
1/
1979
7-3A%
1-1/2^
6.765%
7.830?
',-1/1,%
1-l/i,%
Bond Note -
2/15/74
2/15/74-C
-
4/1/74-EA
34
2
32
4/19/74
2,007
1,001
1,009
1,999
5/15/74
5/15/74-D
2,848
4,334
569
1,050
2,279
3,284
6/21/74
1,999
1,924
75
Note
Bill
Bill
(Tax
Bond
Note
-
552
343
1,914
2,617
ant.
_
_
Note -
8/15/74-B
10,284
5,886
4,398
6%
Note -
'V30/74-t:
2,060
,78
1,982
1-1/2%
Note -
10/1/74-FO
42
5-3/4%
3-1/B%
Note Bond -
11/15/74-A
11/15/74
5,442
1,214
2,208
12/31/74-F
2,102
110
38,793
13 874
4,015
1,222
1,525
104
Total
.
5-3/A%
5-7/8%
Note
Note
l/-l/2%
2/15/75-A
2/15/75-E
143
2,490
1,118
4/1/7 5-EA
5/15/75-B
5/15/75-F
6,760
1,776
4,484
124
2,276
1,652
5-7/8%
Note
8/15/75-C
7,679
2,685
4,994
8-3/8%
Note
'V30/75-G
2,043
53
1,990
1-1/2%
Note
10/1/75-EO
30
7%
Note
11/15/75-D
3,115
745
2,370
Note
12/31/75-H
1,731
230
1,501
28,379
9,950
18,429
Note
Note
2/15/76-A
2/15/76-F
3,739
4,945
2,859
1,212
3,733
4/1/76-EA
27
.
1-1/2%
30
27
6-1/2%
5-3/4%
Note
Note
5/15/76-B
5/15/76-E
2,697
2,802
776
574
1,921
2,228
7-1/2%
6-1/2%
Note
Note
8/15/76-C
8/15/76-G
4,194
3,883
1,659
1,800
2,539
2,083
9,175
4,02b
17,443
1-1/2%
Note
10/1/76-EO
6-1/4%
Total .
Note
11/15/76-D
1-1/2%
11
4,325
26,623
Note
2/15/77-A
5,163
Note
4/1/77-EA
5
3,059
2,104
1980
Feb..
Note
8/15/77-B
4,919
3,301
1-1/2%
Note
10/V77-KO
17
17
10,104
.
Note
1-1/2%
1-1/2%
4,667
4%
-Bond
2/15/80
2,575
6-7/8%
Note
5/15/80-A
7,265
Nov
3-1/2%
Bond
11/15/80
.
Total
1/
1,897
11,737
1981
7%
Bond -
8/15/81
807
1982
'
Feb..
6-3/8%
Bond -
2/15/82
2,702
1983
June
3-1/4%
Bond -
6/15/78-83
1,484
1984
Aug.
6-3/8%
Bond -
8/15/84
2,353
3-1/4%
4-1/4%
Bond
Bond
5/15/85
5/15/75/85
960
1,202
Aut'
.
1985
May.
2,162
1986
Nov.
6-1/8%
Bond
11/15/86
1,216
1990
Feb.
3-1/2%
Bond
2/15/90
4,029
1992
Aug.
4-1/4%
Bond
8/15/87-92
3,698
4%
6-3/4%
Bond
Bond
2/15/88-93
2/15/93
230
627
7-1/2%
Bond
8/15/88-93
1993
Feb.
Aug.
Total
1994
May.
4-1/8%
8,389
Note
4/1/78-EA
15
15
Note
10/1/78-EO
1
1
Note
11/15/78-B
8,207
3,381
Bond
3,605
Daily Treasury statement and Office of Debt Analysis in the
Office of the Secretary.
For issue date of each security, see "Market Quotations on Treasury
Securities."
5/15/89-94
2/15/95
5,008
1998
May.
1,363
2
5,427
2/15/78-A
16,612
Source:
4,559
1,604
2,244
8,407
1995
Feb.
6-1/4%
8/15/79-A
11/15/79-B
11/15/79-C
May..
5
7-3/4%
Total
Note
Note
Note
Total
.
,
Note
Note
Total
6-1/4%
6-5/8%
7%
42
3,234
1,071
6%
5-7/8%
6-1/4%
5-7/8%
Nov,
)
5-5/8%
5-7/8%
Aui!.
'
-
Bill _
(Tax ant.
2,466
2,960
7%
Bond
5/15/89-94
4,602
3-1/2%
Bond
11/15/98
9,626
Total
.
.
)
December 1973
35
DEBT OPERATIONS
.PUBLIC
Table PDO-2.
-
Offerings of Treasury Bills
(Amount in millions of dollars)
Description of new issue
Number of
days to
maturity 1/
Maturi ty
date
Regular weekly:
13-week and 26-week
(
IWT-Aug.
1973-Nov.
2
1974-Jaii
1973-Nov.
1974-Feb
9
Sepit
,
16
1973-Nov. 15
1974-Feb 14
23
'1973-Nov. 23
1974-Feb 21
30
1973-Nov. 29
28
197'4-Feb
1973-Dec
1974-Mar.
6,
20
*1973-Dec. 20
197/i-Mar. 21
27
'1973-Dec. 27
1974-Mar. 28
Jan.
Apr.
i,
Jan.
25
1
e
14 1/
15
23
29
Tax anticipation
1973-Nov.
1
:
30
One -year and 52-week
1972-Nov.
30
Dec.
31
1973-Jan.
31
.
28
Mar.
31
Apr.
30
May
31
June
30
July
31
Aug.
28
Sept. 25
Oct.
9
23
Nov.
20
3
Jan. 10
Apr, 11
IS
Feb
7
13
197-i-Mar. 14
11
Nov.
6
'1973-Dec
13
Oct.
1
31
5/
:
..
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS,
Table PDO-2.
On total bids
Average price
per hundred
Issue date
-
Offerings of Treasury Bills
High
Price per hundred
(Percent)
Regular weekly:
and 26-week)
( 13-week
2
'97.897
95.715
8.319
8.476
97.915
95.732
9.
'97.855
95.627
8.485
8.649
97.890
95.684
16.
97.731
95.479
8.975
8.942
97.763
95.527
23.
97.723
95.523
8.911
8.856
97.742
95.539
30.
"97.809
95.664
8.668
8.576
97.841
95.703
Sept. 6.
'97.781
95.584
8.778
8.734
97.806
95.617
13.
97.721
95.490
9.015
8.920
97.786
95.503
12/
12/
20.
97.779
95.535
8.786
8.831
97.808
95.548
14/
27.
98.147
96 .127
7.329
7.661
98.167
96.147
4.
"98.193
96.166
7.148
7.583
98.219
96.196
•
98.149
96.330
7.322
7.260
98.161
96.345
"
98.183
96.339
7.188
7.241
98.200
96.350
'
98.241
96.486
6.960
6.951
98.251
96.510
Aug .
"
Oct.
11.
18.
25.
Nov .
96.328
7.264
96.344
97.953
8.099
7.987
97.977
95.975
98.962
8.671
98.977
97.817
95.763
8.635
8.381
97.865
95.772
23.
'98.074
96.076
7.705
7.804
98.092
96.088
29.
'98.055
96.118
7.696
7.679
98.068
96.148
( 95.962
'
15....
Tax anticipation
Nov .
One-year and 52-week
1972-Nov. 30
96.824
6.765
96.882
'96.955
95.607
7.830
7.790
97.042
95.711
94.847
5.225
:
,
Eec. 31
94.782
1973-Jaii. 31
94.197
Feb. 28
Mar. 31
,
,
94.134
93 .642
Apr. 30
93 .695
31
93.542
June 30
93.187
July 31
92.167
Aug. 28....
91.519
Sept. 25
91.853
9y.
93.710
23....
92.789
Nov. 20....
92.206
Oct.
2/
8/
a/
12/
16/
12/
18/
20/
21/
22/
22/
:
1
30.
Majf
98 '.190
98'^181
1
(Continued)
On competitive bids accepted
epted
Equivalent average
rate 6/
-
2^
Equivalent rate
V
Price per hundred
Equivalent rate
^
37
December 1973
PUBLIC DEBT OPERATIONS.
Footnotes tC^afcle PDO-2
Source;
D^i'a,v Treasirry statemejil; Bureau of ttie Public iJcbt.
1/ Ttie 13-week bi31s represent additional issues of bills with an
original maturity of 26-weeks
2/ For 13-week, 26-week, and one-year issues, tenders for
$200,000 or less from any one bidder are accepted in full at avei'age
prices of accepted competitive bids; for other issues, the corresponding amount is stijnilated in each offering announcement.
.
^
15/
17/
18/
19/
20/
2/ Additional amounts {$100,010,000} of eleven series of outstanding
^/
5/
6/
7/
8/
9/
weekly bills issued in strip form for cash on November 14, 1973.
These bills mature at intervals of one week beginning November 23, 1973
and ending January 31, 197^ for each series respectively,
Includes strip bills issued November 14, 1973.
42-week issues.
Bank discount basis.
Except $10,000 at 97.900.
Except $10,000 at 95.720, $15,000 at 95.701, $40,000 at 95.703,
$10,000 at 95.705 and $10,000 at 95.685.
Except $20,000 at 97.830, $125,000 at 97.826, $10,000 at 97.820
and $±5,000 at "7.777.
Except $20,00') at 95.601 and $10,000 at 95.570.
Except $dO,000 at 97.765 and $1,000,000 at 97.760.
Except $20,000 at 97.800 and $815,000 at 97.770.
Except $40,000 at 95.602, $200,000 at 95.597, $20,000 at 95.584,
$1,000,000 at 95.515, and $300,000 at 95.511.
1^/ Except $10,000 at 97.320.
10/
Ij/
12/
12/
21/
22/
22/
24/
^
2b/
22/
26/
«/
"^
31/
32/
22/
2it/
Except $10,000 at 96.000 and $420,000 at 95.719.
Except $500,000 at 98.210 and $500,000 at 98.200.
Except $500,000 at 96.470, $500,000 at 96.460, and $700,000 at
96.360.
Except $20,000 at 98.262 and $45,000 at 98.260.
Except $10,000 at 96.500.
Except $10,000 at 98.121, $460,000 at 93.028,
and $1,000,000 at 97.995.
Except $10,000 at 96.100.
Except $1,000,000 at 97.995 and $15,000 at 97.935.
Except $250,000 at 95.779.
Except $10,000 at 96.150.
Except $250,000 at 97.070.
Except $475,000 at 94.803.
Except $400,000 at 94.816 and $230,000 at 94.280.
Except $320,000 at 93.789.
Except $300,000 at 93.286 and $470,000 at 93.234.
Except $10,000 at 93.145, $3,150,000 at 92.254, and $260,000 at
92.219
Except $1,200,000 at 91.573.
Except $30,000 at 92.000 and $3,000,000 at 91.951.
Except $200,000 at 94.331, $10,000 at 94.010, $210,000 at 93.916
and $35,000 at 93.735.
Except $1,000,000 at 92.315 and $1,000,000
92.295.
r
Revised.
Treasury Bulletin
S8
.PUBLIC
Table PDO-3.
-
New Money
DEBT OPERATIONS.
Financing through Regular Weekly Treasury Bills!/
(Dollar amounts in millions)
E'escription of issue
December 1973
39
PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money Financing through
Regular Weekly Treasury Bills
(Continued)
Treasury Bulletin
40
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
{Dollar amounts in millions)
Description of issue
Issue
date
1972- Mar.
23.
22.
July
13.
20.
27.
Aug.
Sept.
16.
-
(Continued)
December 1973
41
.PUBLIC DEBT OPERATIONS.
Table PDO-3.
-
New Money
Financing through Regular Weekly Treasury Bills
(Dollar amounts in millions)
Description of issue
^^
-
(Continued)
Treasury Bulletin
A2
PUBLIC DEBT OPERATIONS,
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Date subscrip-
December 1973
43
PUBLIC DEBT OPERATIONS.
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
-
(Continued)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS,
Table PDO-4.
-
Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts in millions)
Date subscription books
-
(Continued)
B
E
FB
45
December 1973
PUBLIC DEBT OPERATIONS.
Table PDO-5.
Description of securities
-
Unmatured Marketable Securities Issued at a Premium
Other than Advance Refunding Operations
Date of
financing
Amount issued
millions)
( In
1974
i-l/^%
Bond
$
5/15/65
5/15/74
732
1,323
2,062
5,414
8/15/68
5-5/8^
Note
8/15/74-
3-7/8%
Note
Bond
9/30/7411/15/74 1/
10/19/72
11/15/61
11/1 5/74- A 1/
5/15/71
4,442
428
10,284
5-3/4%
2,060
517
360
.<71
3,231
12/31/74-
2,102
12/28/72
507
5-3/4%
2/15/75-A
2/15/68
1,107
929
433
2,^77
5-7/8%
5-7/3«
Note
Note
2/15/75-E
5/15/75-F
10/22/71
4/3/72
-3/8%
Note
9/30/75-G
9/4/73
Note
11/15/75-D
8/15/71
7%
2,045
1,776
2,043p
1,407
1,708
3
7%
Note
12/31/75-H
11/15/73
(
19Vb
2/15/7^ A
2/15/60
Note
2/15/76-F
8/15/72
Note
3/15/76-C
e^i/4%
5-7/8%
10/1/69
7-1/2%
^11/15/70
6-1/2%
Note
3/15/76-0
(>-\/lS
Note
ll/l5/7e^D
2/15/73
r
\^
9/8/71
9/8
11/15
1/15/72
1977
8/15/70
7-3/4%
Note
8/15/77-B
8/15/73
1978
6%
Note
11/15/78-
11/15/71
Note
11/15/79-
2/15/73
1979
6-5/8%
ll/15/79-C
11/15/73
or Discount
A
46
Treasury Bulletin
.^
Table PDO-5.
-
PUBLIC DEBT OPERATIONS
Unmatured Marketable
Securities Issued at a
Other than Advance Refunding Operations
Description of securities
Date of
financing
1980
/
2/15/80 1/
1,%
6-7/8?
Note
\^
1/23/5'J
12/15/6/-
5/15/80.
5/15/73
8/1 'V'l
•V15/71
2/15/82 1/
5/15/72
8/15/84
8/15/72
Bond
5/15/85
6/3/58
Bond
11/15/86
11/15/71
Bond
8/15/87-92
1981
1982
6-3/8?
Bond
198^
3-1/4?
1986
«^l/8?
1987
4-lA?
1988
4?
7-1/2?
Bond
Bond
1989
4-1/8?
199?
6-3/4?
7?
1/
2/
Bond
Additional issue,
Issued for cash.
-
Premium
(Continued)
or Discount
December 1973
47
PUBLIC DEBT OPERATIONS.
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions
Part A.
-
Other than Treasury
for Public
Bills i/
Marketable Securities
H
,
Treasury Bulletin
48
PUBLIC DEBT OPERATIONS,
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Treasury Bills Other than Regular Weekly Series
{In millions of dollars
Total amount issued
Date of
maturity
late of
financing
Average
rate
•.-.•re
9 -month
One -year
series
6.775
7.202
V30/70
7.407
7/31/70
7.313
1,202
8/31/69
5/31/70
8/31/70
7.387
7.340
1,201
9/30/69
6/30/70
9/30/70
7.357
7.350
1,005
10/1V69
V22/70
10/29/69
6/22/70
7.284
7.204
10/31/69
7/31/70
10/31/70
7.244
7.127
11/26/69
A/22/70
6/22/70
7.014
7.975
11/30/69
8/31/70
11/30/70
7.777
7.591
1,001
12/31/69
9/30/70
12/31/70
7.801
7.561
1,002
1/31/70
10/31/70
1/31/71
2/28/70
11/30/70
2/28/71
6.995
6.932
3/3/70
3/26/70
4/22/70
9/22/70
6.549
6.177
3/31/70
12/31/70
3/31/71
6.101
6.132
1,201
1/31/71
7/31/69
Tax anticipation
series
tilt)
12/22/69
3/23/70
7/18/69
series
1/
Allotments by investor classes
U.S. Government
accounts
and Federal
Reserve
Banks 2/
1,763
1,752
500
500
500
150
367
171
349
180
348
190
427
75
350
139
322
2,007
3,004
125
312
1,003
1,007 5/
1,504
501
500
61
228
116
157
305
259
502
1,200
1,753 5/
1,758
27
10
2
254
336
194
318
i''.i
500
126
279
133
317
500
125
336
176
303
500
125
315
141
179
12
22
164
546
501
125
333
145
324
6
19
170
396
59
20
17
^1
224
250
22
6/30/70
3/31/71
6/30/71
7.068
7.079
1,201
3/22/71
V22/71
6.452
6.504
7/31/70
A/30/71
7/31/71
6.467
6.380
8/31/70
5/31/71
8/31/71
6.510
6.396
1,204
9/30/70
6/30/71
9/30/71
6.237
6.216
1,202
10/21/70
6/22/71
10/31/70
7/31/71
10/31/71
6.153
6.072
1,201
8/31/71
11/30/71
5.084
5.010
1,201
12/31/70
9/30/71
12/31/71
4.949
4.886
1,201
1/31/71
10/31/71
1/31/72
4.269
4.249
1,199
2/28/71
11/30/71
2/29/72
3.691
3.675
1,201
3/30/71
V22/71
3.671
3/31/71
12/31/71
3/31/72
3.507
3.587
1,200
1/31/72
V30/72
4.403
4.422
1,200
2/29/72
5/31/72
4.688
4.790
1,201
200
484
1,200
125
473
Footnotes at end of table
201
450
1,745
1,74J
1,200
6/30/71
266
190
14
150
269
500
7.353
7.277
;',261
500
170
447
1,202
1
21
194
438
170
398
2,483
2,256
L',517
501
156
414
501
100
383
49
5
153
446
2,510
2,515
5.425
5.567
97
309
!•:
1,0'
2/28/71
5/31/71
5/31/71
7
161
128
139
287
5/31/70
V30/71
12
168
391
1,002
1,497
V
1,200
/
1
12
2,004
2,971
6.843
6.814
11/30/70
Dealers
and
broKers
1,733
V30/71
\
Corporations
banl:s
.1,722
V30/70
7/8/70
7/23/70
Commercial
162
409
167
304
17
152
358
501
125
317
160
339
10
38
183
419
501
150
373
211
211
11
12
119
560
500
200
377
133
246
11
501
205
427
137
310
lu
21
501
2,001 5/
500
500
798
11
200
498
127
209
34
252
65
233
562
500
(Continued on following page)
1
6
11
123
385
162
414
49
December 1973
PUBLIC DEBT OPERATIONS,
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Treasury Bills Other than Regular Weekly Series - (Continued)
Table PDO-6.
-
A
CB
A
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS.
Table PDO-7.
- Disposition
of Public Marketable Securities
Other than Regular Weekly Treasury Bills
(Dollar ajnounts in millions)
Called or maturing securities
Date or
refunding
or retirement
Issue
date
Description
7.3135?
7/31/70
7.244%
Bill
Bill
-
Note
Bond
-
Disposition offers
by Treasury
_!/
Amount
out-
standing
Gash
retirement
Exchange
security
offered
9/23/70
6.177%
''7.350%
9/30/70
7.301%
1,202
500
-
3/15/70
5/15/69
2,329
2,329
1,272
752-
-
8/15/70
6/20/63
4,129
4,129
1,368*
1,512
D,453
5,404
8/31/70
8/31/70
8/31/69
8/31/69
1,201
501
501
9/23/70
3/26/70
1,758
1,758
9/30/70
9/30/70
9/30/69
9/30/69
1,005
500
1,005
500
10/1/70
10/1/70- EG
10/1/65
113
113
10/31/70
10/31/70
IO/3I/6Q
10/31/69
1,003
2/15/66
7,675
7,675
7,016
Bill
Bill
Bill
Bill
-
^1-1/2%
Bill
Bill
-
'7.591%
6.995%
Bill
Bill
-
'7.561%
6.101%
Bill
Bill
7.533%
^6.843%
5-3/8%
7 127%
.
10/31/70
^7.724%
'5%
11/15/70
11/30/70
_
12/31/70
1/31/71
1,202
500
"\
i/
J
-
11/1 5/70-
502
1,201^
11/30/69
11/30/69
1,001
1,001
500
500
12/31 70
12/31/70
12/31/69
12/31/69
1,002
1,002
-
500
500
Bill
Bill
-
1/31/71
1/31/71
1/31/70
1/31/70
1,003
1,003
500
Note
-
2/1 5/71- C,
8/30/67
2,509
-
500
"1
]
1,003"!
502 ?
11/30/70
11/30/70
-
)
"1
j
'\
j
'I
J
2,509
Note
-
2/15/71-D
8/15/69
2,924
2,924
2-1/2%
Bond
-
3/15/71
12/1/44
1,211
1,219
Note
-
11/15/71-
11/15/66
1,734
1,734
7-3/4%
Note
-
11/15/71-G
5/15/70
10,743
10,743
-7/8%
Bond
11/15/71
5/15/62
2,760
2,760
2/15/71
Note
2/1 5/72-
2/15/67
2,006
2,006
Note
2/1 5/72-
8/17/70
3,375
3,375
11/15/62
2,344
2,344
29,614
29,614
Bond
2/15/72
Total.
6.932%
^7.353%
Bill
Bill
2/28/71
2/28/71
2/28/70
2/28/70
1,200
500
1,200"^
500
3/15/71
2-1/2%
Bond
3/15/71
12/1/44
269
269
3/22/71
6.452%
Bill
3/22/71
7/8/70
2,517
2,517
3/31/71
'6.132%
7.068%
Bill
Bill
3/31/71
3/31/71
3/31/70
3/31/70
1,201
501
l,20l"\
501 / i/
4/1/71
1-1/2%
Note
4/1/71- EA
4/1/66
35
6.504%
[_3.671%
Bill
Bill
4/22/71
4/22/71
7/23/70
3/30/71
2,261
2,001
2,261*^
A/
2,001
r6.814%
6.467%
Bill
Bill
4/30/71
4/30/71
4/30/70
4/30/70
1,200
1,200"\
500
2/28/71
I
<;/22/71
4/30/71
I
-
1
1
7-3/4%
7-\/Z%
changed
7/31/69
7/31/69
•3,453
7.340%
7.777%
Ex-
7/31/70
7/31/70
8/15/70
8/31/70
Results of exchange offers
500
1/
j
i/
35
J
J
i/
CBA
D
December 1973
.PUBLIC
51
DEBT OPERATIONS
Table PDO-7.
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
(Dollar amounts in millions)
Disposition offers
by Treasury
Called or maturing secjrities 1/
Date of
refunding
or retirement
Issue
date
Description
\'i-\/i,%
Note
5/1 5/71-
8/15/66
Results of exchange offers
Description of new
securities offered
(See also Table PDO-A!
Amount
out^
standing.
Cash
retirement
4,265
Exchange
securi ty
offered
4,265
chaiij^ed
Turned
in for
cash Z/
r 1,730"^
5-3/4%
Note
Note
E^1972
1^1974
Note
Note
A- 1^74
5/15/71
5/15/71-E
10/1/&J
i
4,176
-3/4%
3,452 of 5% Note
"i,231 of 5-3/4% Note
6,682
7.277^
[6.510^
I
5/31/71
6/22/71
6/30/71
7/31/71
Bill
Bill
5/31/71
5/31/71
5/31/70
5/31/70
1,200
501
1,200
I
i/
•501
Bill
6/22/71
10/21/70
2,515
2,515 )a/
7.079?
6.237%
Bill
Bill
6/30/71
6/30/71
6/30/70
6/30/70
1,201
501
1,201'
6.380^
16.153$
Bill
Bill
7/31/71
7/31/70
7/31/70
1,202
501
1,202'!
7/3l/''l
4?
Bond
3/15/71
3/1/62
2,806
8-1/4%
Note
2/1 5/«
2,257
f
I
501
i/
,
50lj i/
1
,
5, Ob
Total.
,
9/21/71
1,407
Bill
Bill
8/31/71
8/31/71
3/31/70
8/31/70
1,204
1,204^1
501
50lj
5.013?
Bill
9/21/71
7/6/71
1,752
Note
Bond
D-1975
8/15/81
Note
Bond
D-1975
8/15/81
3,115 of 7% Note
612 of 7% Bond
3,72
3
'?.0i8%
6.3)6%
8/31/71
708
411^
8/15/71
8/l'V71-F
E^1972
1,752
I
I
9/30/71
6.215%
10/1/71
1-1/2%
10/31/71
'6.072%
^ 369$
.
Bill
Bill
Bill
Bill
'3-7/8%
5-3/8?
9/30/70
9/30/70
1,202
1,202"!
9/30/71
501
SOIJ
10/1/71- EO
10/1/66
72
72
10/31/71
10/31/71
10/31/70
10/31/70
1,201
11/15/71
5/15/62
1,081
V30/71
500
l,20l'\
500
I
I
11/15/71-
Note
11/1 5/b6
1,031
467
967
!04
2b8
b%
l/8f„
Note
Bond
B-1978
11/15/86
1/8%
Note
Bond
B-1978
11/15/85
6^1/8%
Note
Bond
B-1978
11/15/86
1/8%
Note
Bond
B-1973
11/15/36
6-1/8%
Note
Bond
EU1973
11/15/86
Note
Bond
B-1978
11/15/86
Note
Bond
B-1978
11/15/36
237
98
"
11/15/71
7-3/4%
Note
A- 3/4%
Note
•:
ll/15/71-G
5/15/70
5,836
5,836
5/15/72-
5/15/67
5,310
5,310
,
109
487
Note
5/1 5/72-
Bond
8/15/72
Note
8/15/72-E
11/16/70
2,037
2,037
9/15/62
2,579
2,579
5/15/71
3,452
3,452
37
n02
58
l,0b7
5.010%
3.691%
Bill
Bill
11/30/71
11/30/71
11/30/70
11/30/70
1,201
Bill
Bill
12/31/71
12/31/71
12/31/70
12/31/70
1,201
507%
".00
500
1/31/72
1/31/72
1/31/71
1/31/71
1,199
500
1,199'
4.403%
Bill
Bill
^4-3/4%
Note
2/15/72-A
2/15/67
800
12/31/71
3
.
''4.249%
1/31/72
7-1/2%
2/15/72
( 4%
7-3/i%
4-1/8%
7-lA%
4-1/4%
Total.
Note
2/1 5/72-
Bond
Note
Bond
Note
Bond
7/7/7/7/-
8/17/70
'01
6%
58
t-1/8%
6%
("S)
21,262
11/30/71
6/
1,446''
]
e^3/4%
2,240
^1/3%
3,207 of 6% Note
1,192 of 6-1/8% Bond
,781
1,201, ,,
501 /-^
i/
500 1^/
5-3/4%
2 31
2,690
2,
690
1,821
144
724
4b7
203
HO
2/15/72
11/15/62
980
980
2/1 5/742/15/74
5/1 5/745/15/74
8/15/70
1/15/65
11/15/70
5/15/64
3,139
3,125
4,505
3,577
3,139
3,125
4,505
3,577
179
657
172
721
18,316
13,816
,'-':<-'
i:-3/8%
8/
1,264
'2,802 of 5-3/4%
2,131 Of 6-3/8%
:
Note
Bond
Treasury Bulletin
52
.PUBLIC
DEBT OPERATIONS.
Tuble PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills - (Continued)
(Dollar amounts in millions)
Date of
A
December 1973
53
.PUBLIC DEBT OPERATIONS
Table PDO-7.
Disposition of Public Marketable securities
Other than Regular Weekly Treasury Bills - (Continued)
(Dollar amounts in millions)
Called or maturing securities 1/
Date Of
refunding
or retirement
by Treasirry
AjTiount
standing
11/1V45
l,351p
12/31/72
12/31/72
12/31/71
12/31/71
1,200
'1Z% Bill
3.936% Bill
4.234? Bill
1/31/73
1/31/73
1/31/72
1/31/72
1,200
500
ft- 1/2% Note
2/15/73
2/15/73
8/16/71
11/15/71
2,514
4,268
2/28/73
2/28/73
2/29/72
2/29/72
1,200
3/31/73
3/31/73
3/31/72
3/31/72
1,201
3
Bill
1/31/73
2/15/73
out-
2/1^/72
.1/2,? Bond
12/31/72
i-7/S% Note
I
U.091« Bill
I
[
.
Issue
date
Description
12/15/72
2/28/73
Disposition offers
3/31/73
4.367? Bill
-^.661% Bill
4.754? Bill
Cash
retirement
1,200
501
2/
501
V20/73
4/1/73 -E
4/20/73
4/1/68
11/24/72
34
2,012
4.362% Bill
4.731% Bill
4/30/73
4/30/73
4/30/72
4/30/72
1,200
7-3/4% Note
14-3/4% Note
5/1 5/73 -A
5/1 5/73 -E
10/1/69
5/15/72
5,844
3,792
4.465% Bill
5/31/72
5/31/72
1,200
5.0/,0% Bill
5/31/73
5/31/73
6/22/73
Bill
6/22/73
12/5/72
510
6/30/7 3
/
4.853% Bill
1^5.346% Bill
6/30/73
6/30/73
6/30/72
6/30/72
201
500
7/31/73
fi.9lS% Bill
7/31/73
7/31/73
7/31/72
7/31/72
1,201
8/15/73-8
8/15/73
2/15/70
5/15/63
1,83''
Bond
8/28/73
5.178% Bill
8/28/73
8/31/72
1,803
9/19/73
9.803% Bill
9/19/73
8/15/73
2,017
2,017
i/'
9/25/73
5.529% Bill
9/25/73
9/30/72
1,801
1,801
i/'
10/V73-E0
10/1/68
10/31/72
7/22/64
11/30/72
30
1,802
4,336
1,802
30
1,802
3,760
1,802
5/15/73
5/31/73
\ 5.223% Bill
8/15/73
fs-i/S? Note
500
2,663
2.598
12,'
1
500
501
,201^
501 h/
U
325
728 15
3,894
'
10/1/73
10/17/73
11/15/73
11/1V73
1-1/2%
5.318%
4-1/8%
5.225%
Note
Bill
Bond
Bill
Footnotes on following page.
10/23/73
11/15/73
11/20/73
Exchanged
1,425
2,458
2,514
4,268
4.721/, Bill
'
securi ty
offered
Turned
in for
cash 2/
500 (•
1-1/2% Note
I
Exchange
501
4/1/73
V30/73
Results of exchange offers
576 lb'
1,089
1,810^
11/
Description of new
securities offered
(See also Table PDO-^)
.
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS,
Footnotes to Table PDO-7
Daily Treasury statement and Bureau of the Public Debt.
Original call and maturity dates are used.
All by investors other than Federal Reserve banks.
(see Table PDO-4)
T/ Rolled over into new bills.
/J Tax anticipation issue: for detail of offerings beginning July 1970,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes" below.
2/ Of this amount $10 million of the 6-3/8^ notes and $180 million of
the 1,% bonds were exchanged by Federal Reserve banks and Government
accounts for 7-1/2% notes of Series C-1972. Other holders of the
maturing securities were not given preemptive rights to exchange
their holdings for the 7-1/2% notes.
6/ Federal Reserve banks and Government accounts exchanged $1,500
million of the notes for .^-7/8% notes issued November 15, 1971.
7/ Subscril)ers exchanging these securities may elect, for Federal
income tax purposes, to recognize gain or loss on account of the
exchange either in the taxable year of the exchange or ''except to
the extent that cash is received) in the taxable year of disposition
Any gain
or redemption of the securities received in the exchange.
to the extent that cash was received by the subscriber f other than
as an interest adjustment) must be recognized in the year of the
exchange.
8/ The four securities due in 1974 were eligible to be exchaiiged only
"^
for the fS-3/8^ bonds.
2/ Public holders of these securities were not given preemptive rights
Soxirce:
1/
2/
10/
11/
12/
1^/
14/
15/
1 6/
to exchange them but they could be used in payment for new securities
allotted.
Exchanged by Federal Reserve banks and Government accounts for i,-'i/iS
notes issued May 15, 1972.
Of this amount $595 million was exchanged by Federal Reserve banks
Other
and Government accounts for 6-5/8% notes of Series B-1979.
holders of the maturing notes were not given preemptive rights to
exchange their holdings for the 6-5/8% notes.
Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-7/7% notes of Series A-1980 and $40 million of 7% bonds
of 1993-98 issued May 15,1973.
Exchanged by Federal Reserve banks and Government accounts for 6-7/8%
notes of Series A-1980 issued May 15, 1973.
Exchanged by Federal Reserve baiiks and Government accounts for $233
million of 7-3/4$ notes of Series B-1977 and $92 million of 7-1/2%
bonds of 1988-93 issued Au^st 15, 1973.
Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4% notes of Series B-1977 and $233 million of 7-1/2%
bonds of 1988-93 issued August 15, 1973.
Exchanged by Federal Reserve banks and Government accounts for $220
million of 7% notes of Series C-1979. $220 million of 7% notes of
Series H-1975 and $136 million of 7-|% bonds of 1988-93 issued
November 15, 1973.
Preliminary,
Information on retirement of tax anticipation issues referred to
Note:
in footnote 4. in millions of dollars:
Date of
retirement
55
December 1973
PUBLIC DEBT OPERATIONS,
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
56
Treasury Bulletin
.PUBLIC
Table PDO-8.
-
DEBT OPERATIONS.
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Payable In U.S. Dollars; dollar amounts in millions)
MDnth of
-
(Continued)
December 1973
57
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar amoiints in millions)
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS,
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
-
(Continued)
(Payable in U.S. Dollars; dollar ainounts in millions)
Month of
activity
1^73- Apr.
Issue
date
Securities
Certificates of indebtednes;
V
='.35
10
4.80
4.70
7.00
6.80
100
200
1/3/73
1/5/73
1/10/73
1/17/73
1/17/73
1/18/73
1/18/73
1/19/73
1/19/73
1/26/73
A/3/73
A/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
4/3/73
4/5/73
4/10/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
7/3/73
7/5/73
7/10/73
7/17/73
7/17/7 3
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
5.20
5.20
5.15
5.30
5.30
5.30
5.30
5.30
5.30
5.65
6.55
6.55
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.25
10/9/68
12/7/71
1/20/72
4/26/73
11/17/72
11/30/72
2/2/73
2/7/73
2/9/73
2/9/73
2/13/73
4/9/73
4/26/73
4/26/73
7/25/74
5/17/73
5/30/73
5/2/73
5/7/73
5/9/73
5/9/73
5/14/73
5/14/73
5.50
4.65
4.30
6.75
5/16/73
5/16/73
5/23/73
6/20/73
7/10/73
8/2/73
8/7/73
8/9/73
11/9/73
8/14/73
8/14/73
8/14/73
11/L4/73
8/16/73
8/16/73
11/16/73
8/23/73
11/30/73
5.10
5.20
5.70
5.70
5.70
5.70
5.45
5.45
5.45
5.45
5.45
5.45
6.35
6.20
6.30
6.30
6.15
6.45
6.15
6.15
6.15
6.45
6,20
6.20
6.45
6.45
6,90
11/22/68
1/20/72
2/24/72
5/24/72
5/22/73
5/24/73
5/24/73
8/22/74
5.50
4.30
4.25
7.00
12/20/72
1/3/73
3/6/73
3/6/73
3/6/73
3/7/73
3/20/73
3/20/73
3/26/73
4/3/73
6/6/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
6/29/73
6/20/73
7/3/73
6/6/73
6/6/73
6/6/73
6/7/73
6/20/73
6/20/73
6/26/73
7/3/73
9/6/73
9/6/73
9/6/73
12/6/73
9/7/73
9/20/73
9/20/73
9/26/73
9/28/73
5.30
5.40
5.90
5.90
5.90
5.90
6.35
6.35
6.35
6.55
7.15
7.15
7.15
7.25
7.15
7.30
7.30
7.25
7.25
5/U/73
5/U/73
5/14/73
5/14/73
5/16/73
5/16/73
5/17/73
5/23/73
5/30/73 _
Certificates of indebtedness
Retired
3/9/73
3/22/73
3/29/73
6/27/74
6/27/74
2/16/73
2/16/73
2/23/73
3/20/73
4/10/73
5/2/73
5/7/73
5/9/73
5/9/73
{
Amount
Interest
rate
(Percent)
12/6/71
12/23/71
3/22/73
3/29/73
2/U/73
2/U/73
Certificates of indebtedness
Maturity
date
5/H/73
(Continued on following page)
Total outstanding
end of month
100
200
619
44
100
250
70
11
25
40
50
25
619
44
100
250
70
26,755
11
25
40
50
25
5
175
100
706
100
55
413
105
1,433
70
261
2,650
15
65
30
75
100
26, 594
55
413
105
,480
70
261
170
500
15
65
706
30
100
3
90
150
240
227
23
109
601
2,523
189
262
200
900
619
109
601
,503
20
189
489
200
900
652
26,781
59
December 1973
.PUBLIC
DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
(Payable in U.S. Dollars; dollar
ajnoiints
in millions)
.
60
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
-
(Continued)
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Issue
date
Securities
8/7/73
8/9/73
&/U/7-}
Interest
rate
(Percent)
Retired
8/16/73
8/16/73
8/22/73
8/23/73
8/23/73
8/29/73
L 8/31/73
8.50
8.50
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.70
8.70
5/25/72
8/23/73
4.67
1 =
9/06/73
9/06/73
9/07/73
9/20/73
9/26/73
9/28/73
11/09/73
11/29/73
in/09/73
12/06/73
12/06/73
3/06/74
12/07/73
12/10/73
12/19/73
12/20/73
12/20/73
12/21/73
12/21/73
12/27/73
12/27/73
12/26/73
12/28/73
12/27/73
12/28/73
12/28/73
7.15
7.15
7.15
7.30
7.25
7.25
8.50
8.70
8.30
8.80
8.80
8.75
8.80
8.80
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.35
7.35
,503
6/06/73
6/07/73
6/20/73
6/26/73
6/29/73
8/09/73
8/29/73
9/06/73
9/06/73
9/06/73
9/06/73
9/07/73
9/10/73
9/19/73
9/20/73
9/20/73
9/24/73
9/24/73
9/25/73
9/25/73
9/26/73
9/26/73
9/27/73
9/28/73
9/28/73
Certificates of indebtedness
Notes
Certificates of indebtedness
(
^^
70
15
65
45
8
30
45
1
472
J
456
100
200
885
652
38
1
158
,533
158
158
100
>
26, 420
4
31
200
10
87
46
66
27
901
73
92
4
664
9/20/73
4.95
200
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/26/73
7/31/73
8/09/73
8/23/73
9/06/73
9/07/73
9/19/73
9/20/73
9/24/73
9/25/73
9/26/73
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.35
8.50
8.95
8.80
8.80
8.80
8.80
8.80
7.35
7.35
7.35
7.35
7.35
7.15
7.15
7.35
7.35
7.35
7.20
7.20
7.20
7.20
7.20
6.95
6.95
7.20
44
70
250
9/28/73
10/01/73
10/02/73
10/02/73
10/09/73
10/09/73
10/12/73
10/17/73
10/17/73
10/18/73
10/19/73
ip/19/73
10/25/73
10/26/73
10/31/73
10/05/73
10/17/73
10/17/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/26/73
10/31/73
11/09/73
11/23/73
10/09/73
12/07/73
12/19/73
12/20/73
12/21/73
12/27/73
12/26/73
12/28/73
12/28/73
12/31/73
1/02/74
1/02/74
1/09/74
1/09/74
1/11/74
1/17/74
1/17/74
1/18/74
1/18/74
1/18/74
1/25/74
1/25/74
1/31/74
7/20/72
10/01/73
10/18/73
10/18/73
12/19/74
1/23/75
5.00
7.50
7.10
(Continued on following page)
Total outstanding
end of month
413
105
1,170
6/22/72
^8/73
Notes
date
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/23/73
11/23/73
11/23/73
11/29/73
11/30/73
8/U/73
1973-Sept
Matxirity
11
25
9
50
31
25
261
19
30
158
100
31
10
46
66
150
4
300
58
104
215
158
95
21
45
250
11
31
50
50
14
3
3
25
417
200
50
200
\
26,175
December 1973
61
.PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries - (Continued)
62
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
63
December 1973
PUBLIC DEBT OPERATIONS.
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
(Dollar amounts in millions)
-
(Continued)
64
Treasury Bulletin
PUBLIC DEBT OPERATIONS,
Table PDO-9.
-
Foreign Currency Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries
-
(Continued)
(Dollar amounts in millions)
Month of
activity
Amount
(Dollar equivalent)
Securities
Certificates of indebtedness ^/
1973- Apr.
July.
Notes ^/
Certificates of indebtedness
Certificates of indebtedness
Aug.
Oct.
Payable
in
Swiss
—
Issue
date
Maturity
date
Interest
rate
(percent)
Issued
Total outstanding
end of month
December 1973
63
.UNITED STATES SAVINGS BONDS.
Series E and Series H
rently sold.
Series E has
and Series H has been on
A-D
Series
30,
are the only savings bonds
been on sale since May
sale since June
were sold fromMarchl, 1935
F and G were sold
1952.
Series
J
1,
19.41,
Series
1941.
through April
1941
and K were sold from May
-
1952.
through April 30,
from May
Table SB-1.
1,
1,
cvir-
1,
1952
through
April 30, 1957.
Details of the principal changes in issues,
interest yields,
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
September
May and
October 1961,
1970; and the Annual
June 1968,
the Treasury for fiscal years 1966 through 1972.
Sales and Redemptions by 'Series, Cumulative through
(In millions of dollars)
and
Report of the Secretary of
November
30, 1973
:
Treasury Bulletin
66
UNITED STATES' SAVINGS BONDS
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through
K
(In millions of dollars)
Redemptions 1/
Sales 1/
Accrued
discount
Sales Plus
accrued
discount
Sales
price 2/
Series E and H combined
Fiscal years:
1941-63
196/1
1965
1966
1967
1968
1969
1970
1971
1972
1973
Calendar years:
19^1-62
1963
196A
1965
1966
1967
196S
1969
1970
1971
1972
115,963
4,656
4,543
4,650
4,965
4,739
4,550
4,449
5,032
5,939
6,512
18,931
1,458
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
113,446
4,760
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
18,241
1,404
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
Months
B72-NOV
545
Deo
450
192
223
1973-Jan
Feb
Mar
Apr
May
June
561
592
599
562
655
556
235
204
218
224
203
231
July
Aug
Sept
Oct
Nov
487
567
244
213
225
227
207
385
482
682
Fiscal years:
1941-63
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
Calendar years:
1941-62
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
Months:
1972-Nov
Dec
1973-Jan
Feb
Mar
Apr
May
June
Jul,v
Aug
S ept...
......................
.
Oct
Noy
Footnotes at end of Table
134,894
Amount outstanding
Accrued
discount J/
Interes t- bearing
debt
Matured
noninterestbearing. debt
December 1973
67
UNITED STATES' SAVINGS BONDS
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through
K
-
(Continued)
Treasury Bulletin
68
.UNITED STATESI SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
...
.
December 1973
69
.UNITED STATES (SAVINGS NOTES.
United States savings notes were on sale May
through June 30, 1970.
1,
1^67
demption
and information on investment yields of savings
notes appear in
The notes were eligible for purchase
the Treasury Bulletins of March 1967 and
by individuals with the siimiltaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re-
Table SN-1.
-
Sales and Redemptions by Periods
i
(In millions of dollars)
Sales 1/
Fiscal years
1967
1968
1969
1970
1971
1972
1973
:
Calendar years
1967
1968
1969
1970
1971
1972
Months
:
1972- Nov.
Dec.
1973- Jan.
Feb..
Mar..
Apr. ,
M^y.
June.
July.
Aug .
Sept.
Oct..
Nov.
1
201
326
323
11
:
80
277
3<i8
160
-3
Accrued
Treasury Bulletin
70
OWNERSHIP OF FEDERAL SECURITIES
Table OFS-1.
-
Distribution of Federal Securities by Classes of Investors and Types of Issues
December 1973
71
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2.
-
Estimated Ownership of Public Debt Securities by Private Investors
,
72
.TREASURY SURVEY OF OWNERSHIP^GCTOBER
The monthly Iteasury Survey of Ownership covers securi-
31, 1973.
I9UI 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 insurance companies included in the Survey cur-
rently account
for about 90 percent of all such securities
held by these institutions.
The similar proportion for cor-
Holdings
by commercial banks distributed according to
Federal Reserve member bank classes and nonmember banks are
porations and for savings and loan associations is 50 percent,
published for June 30 and December 3I.
and for State and local governments, 70 percent.
ate pension trust funds
Data were
first published for banks and insurance companies in the toy
Table TSO-1.
-
Summary
are
published quarterly, first ap-
jjearing in the March 195!* Bulletin.
of Federal Securities
(Par values - in millions of dollars)
Holdings by corpor-
December 1973
73
.TREASURY SURVEY OF OWNERSHIP OCTOBER
Table TSO-2.
31,
1973,
Interest-Bearing Marketable Public Debt Securities
-
by Type and Maturity Distribution
(Par values
-
in millions of dollars)
Held by investors covered in Treasury Survey
Insurance companies
Total
amount
outstanding 1/
Classification
U.S. Government ac-
counts and
Federal
Reserve
banks
5.bll
commercial
banks
mutual
savings
banks
life
2/
2/
.:-Ji
445 fire,
casualty,
and
marine
State and local
governments
savings
and loan
associations
corporations
316
general
funds
pension
and retirement
Held by
all
other
investors 2/
funds
By type security
Issued by U.S. Government:
Treasury bills
Treasury notes
Treasury bonds
:
101,577
120,669
41,801
37,113
48,681
13,537
5,518
32,253
5,011
194
1,166
661
331
42,732
2,021
130,^40
83,223
46,450
29,61rj
9,391
6,845
4,032
14,550
4,633
2,096
1,010
14,130
23,002
4,559
493
847
2b0
105
102
124
264,047
9o 331
42.782
130,'340
46,450
29,827
14,824
2,948
3,470
1,812
14,129
22,943
4,640
419
493
805
289
386
265
236
142
Total
9^1,
By maturity distribution
Call classes (due or first
becoming callable):
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
,
50
173
312
?77
1,074
092
116
1,519
680
1,594
1,703
1,614
4,327
2,483
1,493
235
142
52,256
31,337
14,437
'339
2.239
2,315
4,911
8,303
1,475
98,030
3,480
240
104
47
5,414
1,792
613
309
269
150
379
313
:
Total
Maturity classes (final
maturity)
Within 1 year
1 to 5 years
5 to 10 years
10 to 15 years
15 to 20 years
20 years and over
30, 592
80,535
31,102
5.734
9,536
6.200
Total
.
498
435
69
57
'31
101
563
560
386
613
401
538
552
900
333
1,000
487
226
112
157
30
31
30
1
339
2,239
2,315
4,011
101
244
849
262
720
463
583
330
429
77
251
64
063
3.480
1,228
105
;i21
513
70
1,
-
140
73
43
26
20
315
'11
Interest-Bearing Marketable Public Debt Securities by Issue
(Par values
-
in millions of dollars)
1,475
98,030
5,4U
309
1,944
705
126
256
158
130
191
130
523
192
59,424
21,920
8,556
1,602
3,528
2,999
3<J3
1,475
03,030
183
160
137
38
Footnotes at end of Table TSO-5.
Table TSO-3.
55
59,424
22,927
7,936
2,777
2,301
2,166
,
A
14
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP OCTOBER
Table TSO-3.
-
31
1973
Interest-Bearing Marketable Public Debt Securities by Issue
(Ear values
-
-
(Continued)
In millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstanding 1/
Issue
Govern-
U. S.
ment accounts and
Federal
Reserve
banks
5,611
commercial
banks
2/
State and local
governments
Insxorance companies
479
mutual
savings
banks
2'Jl
2/
life
44^ fire,
casualty,
and
485
savings
and loan
associations
465
corporations
marine
1,39
316
pension
general and refunds
tirement
Held by
all
other
investors
3/
fxinds
Treasury notes
7- 3 A?'
^Feb.
:
7-1
5-5/3
6
5-3A
5-7/3
5-3A
5-7/8
5-7/8
6
5-7/3
8-3/8
7
5-V/8
&-1/.4
5-3/^4
6-1/2
e^l/2
7-1/2
6-lA
8
7-3/'4
6-1/a
6
^lA
6-5/8
6-7/8
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
1-1/2
May.
Auc.
Sept.
Nov.
Dec.
Feb.
Feb.
May.
May.
Aug.
Sept.
Nov.
Feb.
Feb.
May.
May.
Aug.
Aug.
Nov.
Feb.
Aug.
Feb.
Nov.
Aug.
Nov.
May.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Oct.
Apr.
Total Treasury notes
Treasury bonds
4-1/8^
Nov.
4-1/3
Feb.
4-1/4
May.
3-7/8
Nov.
4-1/4
May.
3-1/4
June
197^-0.
,960
197/4- D.
,-'34
1974-B.
284
060
442
102
015
222
776
760
197.4- E.
1974-A.
197i-F.
1975-A.
1975-E.
1975-F.
1975- p.
1975- B.
1975-0.
1975-D.
1976-F.
1976-A.
1976- E.
1976-B.
197t^G.
1976^C.
1976-D.
1977-A.
1977- B.
197S-A.
1978- B.
1979-A.
1979-B.
1980- A,
1973- EO
197i-EA
197/4- EO
1975-EA
043
115
945
73'-i
,802
353
1,024
5,940
109
2,230
109
1,528
131
124
4,481
2,812
123
778
1,230
2,866
647
207
559
604
265
775
1,673
1,659
365
3,059
1,664
3.431
3,603
1,689
845
5,427
34
2
I,
''^7
83
194
"I
''.2'?
l':,1
41'-.
33^
1,179
1,662
1,094
1,024
1,252
1,129
1,026
660
864
754
2,670
921
1,053
2,051
354
1,231
617
1,133
948
1,929
822
1,366
1,901
1,897
843
157
802
46
28
41
'.")
6
51
2S,
4
33
6
1
31
27
67
46
40
19
58
2
2
31
12
15
2
10
65
63
54
9
28
4
10
1
47
41
3
34
1
11
40
3
5i
51
39
62
41
110
2
24
23
72
51
46
38
32
19
61
45
25
46
23
83
13
41
33
54
11
119
37
7
1
1
1
12
1
1976- EA
30
27
11
4
1976-EO
1977-EA
5
1
17
1
37
93
196
82
73
71
57
55
27
11
213
154
3
173
\i)
]
?
m
34
Id
78
36
32
3
1977- EO,
1978- EA
2
217
180
42
1975-EO
13
23
43
121
107
37
2
1
2
53
I'j
27
3
54
29
45
124
25
37
42
5
12
a
10
61
38
16
40
7
23
7
15
120
177
200
156
122
70
163
95
76
120
148
93
29
159
18
2
2
13
2
5
1
16
14
4
1
35
51
51
34
107
45
62
33
132
56
2
2
2
6
1
3
15
26
4
8
7
75
1,165
1,251
1,537
628
1,626
627
1,076
254
629
1,238
1,584
677
1,140
1,061
449
757
1,114
915
1,423
1,689
1,096
1,598
2,438
2,251
1,771
546
718
9
21
4
17
16
5
2
5
15
2
120,660
43,681
4.33d
2.466
801
32,253
l,16fa
312
1,074
1,519
1,703
2,483
142
31,337
11''
21
27
10
6
15
12
69
70
74
493
410
453
143
220
100
113
85
60
87
202
113
10
21
25
19
1,203
476
879
480
385
621
:
4
3-1/2
7
e^3/8
6-3/8
3-1/4
^1/3
4-1/4
4
7-1/2
4-1/8
3-1/2
^3/4
7
3
3-1/2
Feb.
Nov.
Aug.
Feb.
Aug.
May.
Nov.
Aug.
Feb.
Aug.
May.
Feb.
Feb.
May.
Feb.
Nov.
1973
1974
1974
1974
1975-85.
1978-33.
1980
1980
1931
1932
1984
1985
1986
1987-92.
1988-93.
1988-93.
1989-94.
1990
1993
1993-98.
1995
1998
Total Treasury bonds
Total marketable public
debt securities
Footnotes at end of Table TSO-6.
.843
.214
,203
,485
,576
,897
591
515
142
492
274
856
751
69 5
682
251
68
81
151
97
4
IT
3R
27
10
33
807
2,702
2,353
962
1,216
3,704
231
926
1,477
4,049
627
692
865
3,168
1,131
163
250
137
873
190
14
55
41,801
13,537
5,011
42,782
2,021
264.047
407
966
1,356
225
376
1,431
45
566
210
51
91
116
70
2
675
29
6
131
108
552
99,331
19
14
10
73
65
48
31
12
30
24
230
4t.
1
117
371
72
57
4
3
5
13
21
192
116
11
41
1
15
9
12
29
48
»
98
41
85
39
982
400
4
1
331
28
41
17
11
10
22
937
642
327
13
9
15
34
4
1
3
45
132
145
89
6
4
13
29
2
3
9
102
13
24
32
70
1
3
3
33
12
114
25
10
46
213
159
584
1,582
5
54
134
40
12
539
18
359
216
1,311
89
160
673
1,755
112
10
21
'i'i
90
111
138
38
26
30
25
661
992
680
1,614
1,493
1,098
14,437
2,239
2,315
4,911
8,303
1,475
93,030
36
6
3
12
2,639
1
9
23
December 1973
75
TREASURY SURVEY OF OWNERSHIP OCTOBER
Table TSO-4.
-
31, 1973
Interest-Bearing Nonmarketable Public Debt Securities by
Type
(Par values - millions of dollars)
eld by investors covered in Treasury Survey
Tota]
amount
outstanding 1/
TVpe
•
IL
savlra':s
bonds
Series E
Series H
7,604
Total U.S. savinj^s Bonds.
59
Other U.S. securities
Certificates of indebtedneEL
Fore ign Series
Foreign Currency Series...,
Treasury certificates
Treasury notes
Fore ign Series
Foreign Currency Series...,
Other
Dejfos Itaiy bonds
Treasury bonds
R.E.A. Series
Investment Series h
Other
:
,
,
,
,
,
,
U.o. (-xovem-
ment accounts and
Federal
Reserve
banks
Insurance companies
conuner-
cial
banks
2/
mutual
savings
banks
2/
life
A4^ fire,
casualty,
and
marine
savings
and loan
associations
State and local
governments
l.?9 pencorpo316
sion and
rat ions general retirefunds
ment funds
Held by
all
other
investors j/
le
Treasury Bulletin
.TREASURY SURVEY OF OWNERSHIP OCTOBER
Table TSO-5.
-
Securities Issued by
Government Agencies
(Par values - in millions of dollars)
31, 1973
-
(Continued)
I
December 1973
77
.TREASURY SURVEY OF OWNERSHIP, OCTOBER
Table TSO-6.
-
31,
1973.
Securities Issued by Government-Sponsored Agencies
and the District of Columbia
-
(Continued)
Treasury Bulletin
78
.TREASURY SURVEY OF OWNERSHIP.OCTOBER
Table TSO-6.
-
31,
1973
Securities Issued by Government-Sponsored Agencies
and the District of Columbia
-
(Continued)
December 1973
79
.TREASURY SURVEY OF OWNERSHIP, OCTOBER
Footnotes to Treasury Survey of Ownership
1/
2/
1/
y
Securities issued by the Treasury and Government agencies that are
For debt
classified as debt under the new unified budget concept.
subject to limitations, see Table FD-9.
Includes trust departments.
Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasxiry Survey, Also included
are certain Government deposit accounts and Government- sponsored
agencies.
United States savings bonds, Series E, are reported to the Treasury
Survey at maturity value but have been adjusted to current redemption
value for use in this table.
^
6/
7/
8/
^
10/
.
31, 1973.
ables
Includes $7 million depositary bonds held by commercial banks not included in the Treasury Survey.
Includes Export- Import Bank and Government National Mortgage Association participation certificates.
Includes matured securities outstanding on which interest has ceased.
Direct placements with State and Local Governments with various
interest rates and Maturity dates.
Includes securities issued for use as collateral for short-term
borrowings.
Obligation of the Federal Home Loan Mortgage Corjxjration. The
capital stock of the Federal Home Loan Mortgage Corporation is held
by the twelve Federal Home Loan Banks, * Lesp than $500, OCX).
80
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES. NOVEMBER 30 1973.
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.
Aniount outstanding
(millions)
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
i
81
December 1973
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER
Table MQ-3.
30, 1973.
Treasury Bonds
-
(Price decimals are 32nds)
Price range since first traded 1/
Amount
out-
Description
standing
(millions)
2,848
1,2U
1,202
l,A8i
2,575
1,897
807
2,702
2,353
Bid
4-1/8
4-1/4
3-7/8
4-1/4
3-1/4
4
3-1/2
7
6-3/8
e-3/8
960
1,216
i,029
3,698
230
3-1/4
6-1/8
3-1/2
4-1/4
627
1,363
1,473
855
692
(^3/4
7-1/2
4-1/8
3,149
3-1/2
1/
4
3
7
Change
from
last
month
Change
from
last
month
To firs
call or
.0^
+ .71f.
+ .79
+
',
matiirity
2/
3/22/71
1/12/64
4/22/58
5/5/61
8/4/54
84.28
84.22
82.14
66.30
62.02
12/29/69
12/29/69
12/29/69
5/26/70
5/26/70
1/23/59
10/3/60
8/15/71
2/15/72
8/15/72
103.18
97.24
110.02
101.14
99.24
5/12/61
5/12/61
11/15/71
3/9/72
11/15/72
71.04
66.24
98.08
92.16
91.10
12/29/69
5/24/70
8/8/73
8/7/73
8/7/73
-.01
6/3/58
.11
.00
+ .03
U/15/71
6/11/58
11/5/71
2/14/58
8/15/62
1/17/63
101.04
100.20
106.26
104.10
100.11
12/26/62
1/16/63
61.08
89.12
59.20
63.00
62.18
5/26/70
8/1/73
5/26/70
5/26/70
5/26/70
99.22
104.14
100.26
101.12
99.22
1/4/73
9/28/73
8/28/63
6/18/55
9/28/73
89.22
95.07
61.26
59.20
90.26
8/7/73
8/1/73
5/26/70
5/26/70
8/7/73
95.14
5/12/61
59.20
5/26/70
97.0'>
.03
.Ci
5/15/7^85
80.20
77.04
.20
.06
34%
8.07
7.03
6.70
6.51
2/15/80
11/15/80
8/15/81
2/15/82
8/15/84 i/
5/15/85 2/
11/15/86 2/
2/15/90 2/
8/15/87-92 2/
2/15/88-93 2/
85.12
82.00
102.06
98.14
96.28
.04
.06
.18
.06
.02
6.94
6.79
6.63
6.62
6.79
77.02
94.02
76.30
77.26
77.30
.06
6.06
6.82
5.70
6.28
5.94
2/15/93
8/15/88-93
5/15/89-94
2/15/95
5/15/93-98
2/
2/
2/
2/
i/
95.16
102.24
77.16
76.30
97.26
7.19
7.19
-.09
-.15
11/15/98
y
7b. 30
.28
+
.10
+ .10
-.01
.06
+ .07
-.10
-.03
-.01
+
-.01
6.06.
+ .11
.04
+ 1.02
4.74
7.19
- . 01
-.Oci
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
.04
5.15
-.01
10/3/60
1.10
-1.00
+
+
+
the oyer
Beginning April ia53, prices are closing bid quotations in
Prices for prior dates are the mean of closing
the counter market.
"When issued" prices are included in the
bid and ask quotations.
case ol
history beginning October 1941. Dates of highs and lows In
recurrences are the latest dates.
^
2/
Price
99.28
101.07
110.24
105.28
111.28
99.05
98.11
6/15/78-83
Date
1/15/65
5/15/64
12/2/57
4/5/60
5/1/53
2/15/74
5/15/74
11/15/74
8.
High
I: sue
date
4/2V58
On callable Issues market convention treats the yields to earliest
call date as more significant when an issue is selling above par,
and to maturity when it is selling at par or below.
Included in the average yield of long term taxable Treasury Bonds
as shown mder "Average Yields of Long Term Bonds."
Treasury Bulletin
.MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1973
82
\n
lO
...
,
December 1973
83
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
Treasury
bonds 1/
-
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Aa new
corporate
bonds 2/
S.
I.
A.
new Aa
inujiicipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
Monthly series
Jan.
Feb.,
Mar..
Apr.
May.
June.
July.
Aug.
Sept.
Oct..
Nov..
Dec.
Jan.
Feb..
Mar.
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec.
Jan.
Feb..
Mar..
Apr.
May.
June.
July.
Aug..
Sept.
Oct..
Nov.
Dec,
A. OS
^.09
-
S,
I.
A.
new Aa
raimicipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
averages of daily or weekly series
S.
I.
A.
new Aa
iDUnicipal
bonds 2/
Treasury
bonds 1/
Aa new
corporate
bonds 2/
S.
I.
A.
new Aa
municipal
bonds 2/
Treasury Bulletin
84
AVERAGE YIELDS OF LONG -TERM BONDS,
a?
CO
CO
CQ
o
05
CD
05
C3
>DC
CO
CD
CO
s
C9
CD
CD
<3^
CO
ID
CD
CD
CJ5
CO
CD
cn
^
ao
CO
.
December 1973
85
.INTERNATIONAL FINANCIAL STATISTICS
The tattles in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
and international financial position.
A number of changes
were introduced in the May 1967 and July 1972 issues of the
Bulletin to increase the usefulness of this section.
used in the
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS- 5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liquid and
nonliquid liabilities to foreign official
institutions,
and liquid liabilities to all other foreigners, which are
-
statistics.
Table IFS-3 presents an area breakdown of United States
liquid and nonliquid 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-1.
United States balance-of-payments
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.
U.S. Reserve Assets
(In TTiilllons of dollars)
Dold stock 1/
End of
calendar yea
or month
1957
1958
1959
1960
1961
1962
1963
196A
1965
24,832
22,540
21,504
19,359
18,753
17,220
16,843
16,672
15,450
14,882
14,830
15,710
16,964
14,487
12,167
13,151
1966
1967
1968
1969
1970
1971
1972
1972 -Nov.
Dec.
1973-Jan.
Feb.
MarApr.
May
.Tune
July
Aug
r^ept
Oct
Nov.
1/
2/
2/
2/
V
Total
reserve
assets
Gpecial
drawing
rights i'
Total 2/
2/
22,857
20.582
19,507
17,804
16,947
16,057
15,596
15,471
13,805 6/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733 6/
13,159
11,982
,
Reserve
position in
International
Monetary Fijjid
.,064
,035
769
863 6/
326
420
,290
,324
,935
585
851
1.100
1,958 2/
629
276 3/
241
10,410
10,410
1,958
1,958
403
241
459
465
10,410
10,410
1,958
1,958
1,958
1,949
MO
469
473
478
460
464
470
12,926
12,931
12,904
12,916
12,914
10,487
10,487
10,487
10,487
10,487
10,487
10,410
10,410
10,410
12,913
12,923
12,927
14,367 10/
H,.J73
10,487
10,487
10,487
11,652 10/
11,652
10,410
10,410
10,410
11,567 10/
11,567
10,410'
7/
8/
g/
10/
16
l',949
1,949
1,949
1,949
2,166 10/
2,166
^
1,975
1,958
1,997
1,555
1,690
10,732
10,132
10,410 2/
13,'-
Includes gold sold to the United States by t)ie 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 maiing gold subscriptions to the
Fund under quota increases.
For corresponding liabilities see Table
IFS-2
Includes gold in Exchange StabiliEatlon Fund, which is not included in
Treasury gold figures shown in daily Treasury statement. See "Account
of the Treasurer of the United States," Table TUS-4.
Includes initial allocation on January 1, 1970 of $867 million, second
allocation on January 1, 1971 of $717 million and third allocation on
January 1, 1972 of $710 million of special drawing rights (SDR) in the
Special Drawing Account in the International Monetary Fund, plus or
minus transactions in SDR.
Includesholdings of Treasury and Federal Reserve System.
The United States has the right to purchase foreign currencies equivalent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase additional amounts equal to the United States quota. See Table tfS-5.
Reserve position Includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 1965 for a U.S. quota increase which
,321
,345
,528
,781 7/
,
10,4'^7
54
116
99
212
432
781
10 367
10 367
13,307
13,151
10,487
Convertible
foreign
currencies /^
465 2/
474
479
483
541 10/
547
became effective on February 23, 1966.
In figures published by the
Fund from June 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
Includes gain of $67 million resulting from revaluation of the German
mark in October 1969, of which $13 million represents gain on German
mark holdings at time of revaluation. See also footnotes 3 and 4,
Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971. See
also footnotes 3 and 6, Table IFS-4.
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position In
the International Monetary Fund.
Total reserve assets Include increase of $1,436 million resulting
from change in par value of the doflar on October 18, 1973, consisting
of $1,165 million total gold stock, $1,157 million Treasury gold
stock,
$217 million special drawing rights, and $54 million reserve
position in the International Monetary Fund,
.
r
.
86
Treasury Bulletin
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2.
-
U.S. Liquid and Other ^Liabilities to Foreign Official Institutions,
and Liquid
Liabilities ^o All
Other Foreigners
I
(In milliona of dollars)
Liabilities to foreign countries
Official institutions 2/
Liquid
liabilities
to IMF
arising
from
gold
transactions 1/
End of
calendar
year
or month
Total
1957
1958
1959
15,825
16,845
19,428
2/
2/
Liquid liabilities
to other foreigners
Liquid
.Short-
term
liabil
ities
Marketable
U.S.
Treasury
reported bonds
by banks and
in U.S. notes j/
n.a.
n.a.
200
200
500
7,917
8,665
9,154
n.a,
10,120
800
800
11,078
11,088
10,212
10,212
800
11,830
11,830
Nonmarketable
convertible U.S.
Treasury
bonds
and
notes
Other
readily
marketable
liabilities
y
Nonmarketable
nonconvertible U.S.
Treasury
bonds and
notes
Liquid
liabil.
ities
to
banks 6/
Total
^
n.a,
n.a.
Shortterm
Marketable
liabil-
U.S.
Gov't,
ities
reported
by banks
in U.S.
bonds
and notes
2/1/
Liquid
liabiliities
to nonmonetary
international
and regional
organizations
8/
3,520
4,678
2,940
2,252
2,430
2,399
541
764
1,047
•1,190
866
876
,818
,818
2,773
2,780
2,230
2,230
543
550
1,525
1,541
10,940
10,940
890
890
5,404
5,484
2,871
2,873
2,355
2,357
516
516
1,948
1,949
200
200
5,346
5,346
3,013
3,013
2,565
2,565
448
448
2,161
2,195
3,472
966,
1960 10/
f20, 994
1961 10/
|22,853
22,936
1962 10/
(24,268
24,268
12,948
12,914
11,997
11,963
751
751
1963 10/
126,433
126,394
14,459
14,425
12,467
12,467
1,217
1,183
703
703
9
9
63
63
5,817
5,817
3,397
3,387
3,046
3,046
351
341
1,960
1,965
1964 10/
(29,313
29,364
15,790
15,786
13,224
13,220
1,125
1,125
1,079
1,079
158
158
204
204
7,271
800
303
3,730
3,753
3,354
3,377
376
376
1,722
1,722
[21,027
I
I
1965
29,569
834
15,826
13,066
1,105
1,201
334
7,419
4,059
3,587
472
1,431
r31,145
31,020
1,011
1,011
14,841
14,896
12,484
12,539
860
860
256
256
913
913
328
328
10,116
9,936
4,271
4,272
3,743
3,744
528
528
906
905
''35,819
35,667
1,033
1,033
18,201
18,194
14,034
14,027
908
908
711
711
1,807
1,807
741
741
11,209
11,085
4,685
4,678
4,127
4,120
558
558
691
677
*38,687
38,473
1,030
1,030
17,407
17,340
11,318
11,318
529
462
701
701
2,341
2,341
2,518
2,518
14,472
14,472
5,053
4,909
4,444
4,444
609
465
725'
1.45,914
1,019
1,019
15,975 11/
15,998
11,054
11,077
346
346
555 11/
555
1,505
1,505
2,515 n,
2,515
23,638
23,645
4,464
4,589
3,939
4,064
525
525
659
663
r47,009
46,960
566
566
23,736
23,775
19,333
19,333
306
295
429
429
695
695
3,023
3,023
17,137
17,169
,676
,604
4,029
4,039
647
565
844
846
*'67,681
544
544
51,209
50,651
39,679
39,018
955
955
6,060
6,093
144
144
3,371
3,441
10,262
10,949
4,138
3,691
3,694
447
447
i,523
61,520
60,931
61,127
61,520
39,994
40,266
40,045
5,236
4,457
4,834
5,236
12,108
12,097
12,098
12,108
543
460
499
543
3,639
3,651
3,651
3,639
14,785r 4,952
"4,822
14,173
14,776
4,745
14,785r 4,952
574
948
1,745
1,989
1,996
2,004
3,780
3,627
3,617
3,631
3,628
3,805
14;767r
12,791r
12,955r
13,052r
14, 274
14,500r
4,892i
4,968i
4,960i
,2,006
2,019
2,015
2,009
3,705
3,555
3,355
3,233
15,420r
15,204
15.219
16,092
5,257
5,322
5,490
5,518
1966 10/
1
1967 10/
1968 10/
1969 10/
f
1970 10/
45,755 11/
I
1971 10/ 12/
1
1972
1972-Oct
Nov
Deo
L973-Jan
Feb
Mar
Apr
May
June .
82,048r
87,854r
Sept. p.
Oct. p..
1/
k/
5/
6/
1/
92,085r
92,185r
45,413
46,924
45,949
46,112r
45,705r
93,212r
92,569
92.101
93,121
71,019
70,513
69,775
69,691
46,129
45,714
45,172
45,201
90,580rlA/
.
39,994
60,796r
68,475
71,331
70,748
70,915r
TO,693r
90,884riy
July
Aug
Note;
67,808
82,883r
81,420
82,373r
82,883r
.
7.,
38,534:
,798
,377
,917
,934
,934
,934
6,934
6,906
6,914
6,929
Table is based on Treas\iry Department data and on data reported to
the Treasury Department try banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the excl-usion of nonmarketable, nonconvertible U.S. Treasury notes issued to foreign official nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in debt seciffities of U.S. Federally- sponsored agencies and U.S. corporations.
Table excludes International
Monetary Fund "holdings of dollars," and holdings of U.S. Treasury
letters of credit and nonnegotiable, noninterest-bearing special U.S.
notes held by other international and regional organisations.
Includes liability on gold deposited by the International Monetary Fund
to mitigate the impact on the U.S. gold stock of foreign purchases for
gold subscriptions to the Fund under quota increases, and U.S. Government obligations at cost value and funds awaiting investment obtained
from proceeds of sales of gold by the International Monetary Fund tO'
the United States to acquire income- earning assets.
Includes Bank for International Settlements and European Fund.
Derived by applying reported transactions to benchmark data; breakdown of transactions tiy type of holder estimated 1960-1963.
Includes long-term liabilities reported by banks in the United States
and debt securities of U.S. Federally-sponsored agencies and U.S.
corporations.
Excludes notes issued to foreign official nonreserve agencies.
Includes short-term liabilities payable in dollars to foreign banks,
and short-term liabilities payable in foreign currencies to foreign
banks and to "other foreigners,"
Includes marketalale U.S. Government bonds and notes held by foreign
banks
12,110
12,110
12,12^ 12'
12,245
12,245
12,245
12,245
12,319
12,319
12.319
-
8/
9/
10/
11/
12/
13/
14/
n.a.
4,W1
5,U9i
5,147i
5,323i
4,527
"'4,416
4,322
4,527
4,467r
4,596r
425
1,626
1^494
l,725r
1,626
425
l,593r
l,620r
l,638r
l,631r
l,749r
l,669r
584r
4,750r
4,763r
4,940r
4,883
4,987
1,143
374
335
347
5,144
J74
,
1,528
406
423
425
372
376
399
384
333
4
722
l,516r
1,530
1,617
1,820
Principally the International Bank for Reconstruction and Development,
the Inter- American Development Bank and the Asian Development Bank.
Includes total foreign holdings of U.S. Government bonds and notes,
for which breakdown by type of holder is not available.
Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar aalue of foreign currency
liabilities resulting from revaluation of the German mark in October
1969, as follows: liquid $17 million; other $84 million.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions" are
included with "banks"; a number of reporting banks are included in the
series for the first time; and foreign cxirrency liabilities to official
institutions of foreign countrie"s are increased in Iralue to reflectmarket exchange rates as of December 31, 1971, as follows: U.S.
Treasury certificates, $7 million; nonmarke table convertible U.S.
Treasury bonds and notes, $33 million; and nonmarketable nonconvertible U.S. Treasury bonds and notes, $70 million.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Includes $1^7 million increase in dollar value of foreign c\nTency
liabilities to official Institutions of foreign countries revalued
to I'eriect market exchange rates, as follows:
short-term liabilities
$15 million; nonmarketable convertible U.S. Treasury notes $113
million; nonmarketable nonconvertible U.S. Treasury notes $19 million.
Preliminary.
Not available.
pr
Revised.
..
.
,
December 1973
87
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.
-
U.S. Liquid and Other Liabilities to Official Institutions
of Foreign Countries, by Area
(In millions of dollars
End of
calendar year
or month
1963
196A
,
1965
1966 i/.
.
1967
1968 i/.
. .
1969 i/.
.
1970 i/.
.
Total
fore ign
countries
Western
Europe
14,425
8,508
1,789
1,058
2,740
154
15,786
9,325
1,812
1,283
3,028
160
178
15,826
8,826
1,702
1,550
3,309
194
245
14,841
14,896
7,772
7,772
1,353
1,333
1,310
1,310
3,900
3,955
278
278
248
248
18,194
10,321
1,310
1,582
4,428
17,407
17,340
8,070
8,062
1,867
1,866
1,865
1,865
5,043
4,997
259
248
303
302
7,074 A/
7,074 4'
1,624
1,624
1,888
1,911
4,552
4,552
546
546
291
291
Latin
American
Republics
1/
15,975 A/
15,998
V
Other
countries
2/
303
23,786
23,775
13,620
13,615
2,951
2,951
1,681
1,681
4,713
4,708
407
407
414
413
1971 i/ 1/.
51,209
50,651
30,010
30,134
3,980
3,980
1,414
1,429
14,519
13,823
415
415
871
870
1972
61,520
34,197
4,279
1,731
17,573
777
2,963
60,931
4,468
4,289
4,279
1,473
1,444
1,731
16,305
17,372
17,573
616
61,520
35,078
34,608
34,197
60,796r
68,475
71,331 6/
70,748 7/
70,915r
70,693r
34,146
40,773
45,229 b/
45,608 7/
46.646r
46,967r
4,201
4,290
4,221
4,157
4,104
1,728
1,895
1,749
1,915
1,903
l,998r
l7,033r
17,907
16,564
15,415
14,425r
13,727r
71,019
70,513
65", 775
69,691
47,140
47,260
47,099
47,515
4,043
3,836
3,759
3,851
2,073
13,686
13,631
13,289
12,601
1972- Oct
Nov,
Dec
.
.
.
1973-Jan
Feb
Mar
Apr.
.
.
May
June
, ,
July...
*ig.
.
Sept.p
Oct. p..
61 127
,
4,111
2,0U
1,860
1,927
Treasury Bulletin
88
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.
-
..
Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutiorts of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
1962
1963...;
1964
1965
1966
1967
1968
1969
1970
1971
1972
Belgium
Canada
1/
251
893
163
1,W0
354
1,692
9,657 1/
15,872
484
353
516
1,692
1,431
2,480
7,829
14,333
20
1972-Nov
Dec
15,872
15,872
14,345
14,333
20
1973-Jan
16,016
15,863 6/
15,870 7/
16,015 7/
16,012
16,189
14,474
14,474
20
20
U,464
20
20
20
14,633
2,840
2,840
2,840
2,840
2,840
2,840
16,089
16,013
15,813
15,691
15,692
14,533
14,383
14,183
14,233
14,233
2,840
2,690
2,490
i,540
2,?40
,
Feb. b/
Mar. y.
Apr. 2/.
May
June ...
July
Aug
Sept
Oct
Nov. ...
695
1,563
3,330
3,181 i/
3,563
14,459
U,456
32
32
32
32
32
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
840
840
Denmark
'-lermany
Italy
2/
13
-
20
Korea
Sweden
Taiwan
Thailand
,
.
December 1973
89
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-5.
-
U.S. Position in the International Monetary
Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S.
Calendar year
or month
19<ie-57..
1958
1959
1960
1961
1962
Payments
of
subscriptions in
dollars
2
Transactions by
other countries
with IMF
transactions with IMF
Net
gold
sales
by IMF
1/
Transa : t ions
in
IMF net
income
foreign
currencies 2/
of
-J.bVO
1,031
2
11
16
17
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
16
•>2'i
A35
680
1,155
HI
1
7/
18
12
15
20
20
19
22
712 6/
,
150
25
362
-28
-47
200
Repurchases
Total
change
1973-'an.
V
?27
271
442
580
521
719
207
268
741
40
775
17
1,336
.
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
775
792
2,128
2,570
2,435
3,061
3,090
3,356
3,521
4,834
4,740
3,870
2,836
4,765
6,115
6,310
6,816
6,810
28
29
52
62
59
74
75
81
35
94
92
75
55
71
91
1,975
1,958
1,997
1,555
,690
,064
,035
769
863 i/
326
420
94
94
,290
,324
,935
585
465
459
465
94
93
469
473
-^
Feb.
-5
-4
-5
-5
-5
93
478
A{)r.
13
-4
IS
-4
6,314
6,810
6,804
94
460
464
94
470
-4
6,800
93
474
-5
6,795
6,791
7,541
7,536
93
93
93
479
483
541
547
•Tuly
Aug.
Sept
Oct..
-4
754 7/
750
-5
2/
reserve
position
in BXF
at end of
period
Mar,
May.
June
1/
U.S.
quota
694
-4
-6
-4
Dec.
The initial U.S. quota in the International Monetary Fujid was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million in
October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
Represents net Fxind sales of gold to acquire' U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2)
Positive figures represent ptirchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures represent rep'orchases of dollars, including dollars derived from charges
on piu'cliases and from other net dollar income of the Fund.
The United
States has a commitment to repurchase within 3-5 years, but only to
the extent that the Fund's holdings of dollars exceed 75 percent of
the U.S. quota.
Purchases of dollars t^ other countries reduce the
U.S. commitment to repurchase by an equivalent amount.
Note:
Percent
of
U.S.
dollars J/
-4''
,1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
"197^-Nov.
Purchases
OCi.^
.
IMF holdings
of dollars at
end of period
3/
a/
5/
^/
7/
*
6 806
6,801
6,796
,
94
Beginning January 1970, includes dollar.' obtained by countries other
than the United States from sales of gold to the Fund.
Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund's holdings of dollars), which is the
amount that the United States could purchase in foreign currencies
automatically if needed. Under appropriate conditions, the United
States could purchase additional amounts equal to the United States
quota
Includes $25'^ million gold subscription to the Fund in June 1965 for a
U.S. quota increase which became effective on February 23, 1966. In
figures published by the Fund from June 1*^65 through January 1966, this
gold subscription was included in the U.S. gold stock and excluded
from the reserve position.
Includes $30 million of special drawing rights.
Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
Less than $500,000.
90
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-6.
-
U.S. Net Monetary Gold Transactions with Foreign Countries
and International and Regional Organizations
December 1973
91
.CAPITAL MOVEMENTS.
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 656O of January 15, I93U, Executive Order 10033 of February 8, I9U9, 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, I963.
1/
The present form of the published presentation of the
"Capital Movements" statistics was introduced in the May
1969 issue of the "Bulletin." The principal changes were
the rearrangement of the tables to bring together in separate
sections all the data 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 nonbtmking 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 emd other official institutions of foreign countries, wherever located; and international and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign country or geographical area in which the foreigner is domiciled,
For a
as shown on the records of reporting institutions.
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, ajid so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the liability of the foreign bank receiving the deposit may be to
foreign official institutions or residents of another country.
Data pertaining to branches or agencies of foreign official institutions are reported opposite the country to which
Data pertaining to interthe off icial institution belongs.
national and regional organizations are reported opposite
the appropriate international or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Eurojje."
"Short-term" refers to obligations payable on demand
or having an original maturity of one year or less.
"Longterm" refers to obligations having aji original maturity of
more than one year, and includes securities having no contractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, including the 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 dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, nonbanking concerns, report monthly their transactions in securities with foreigners; the applicable exemption level is
$100,000.
Quarterly reports are filed by exporters, importers, industrial and commerciaJ. concerns, financial institutions
other than banks and brokers, emd other nonbanking firms if
Such firms
their liabilities or claims are $500,000 or more.
also report the liquid portion of their claims for each monthend when they have reportable claims of $1 million or more.
The foreign credit and debit balances of securities brokers
and dealers SLre reported quarterly; the exemption level applicable to these reports is $100,000.
Description of statistics
Data collected on the Treasury Foreign Exchange Forms
are published in the "Treasury Bulletin" in six sections.
Each section contains all the data relevant to the same statistical series, with tables showing time series by type and
country, and the detailed breakdowns of the latest available
data.
Section I covers the short-term ajid long-term liabilities
The
to foreigners reported by banks in the United States.
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. monetary authorities.
Sections III
•
and
IV show respectively the liabilities
.
.
Treasury Bulletin
92
.CAPITAL MOVEMENTS.
to, and claims on, foreigners reported by exporters, importers, industrial and commercial firms, finajiclal 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 subsidieuries abroad or with their for(Such transactions are reported by
eign parent companies.
business firms to the Depeurtment 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. Treas\iry notes, foreign series, and nonmarketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statistics" section. Table IFS-U). The data cover new issues of
securities, transactions in outstanding issues, and redemptions of securities. They include transactions executed in
the United States for the account of foreigners, and transactions executed abroad for the account of reporting institutions and their domestic customers
The data include some
transactions which are classified as direct investments in
the balance of payments accounts.
The data exclude securities issued abroad by foreign subsidiaries of U.S. corporations, some of which are treated -in the balance of payments
as issues of U^S. corporations.
.
1/
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers 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 19^9. 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 VT 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 ail
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 Dejiartment of Conmerce in its regular reports on the
United States balance of pajrments
Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for International
Affairs, Department of the Treasury, Washington, D. C. 20220 or front Federal Reserve Banks.
5
-r
.
December 1973
93
.CAPITAL
Section
I
-
Liabilities to Foreigners
Table CM-I-1.
-
Short-Term
MOVEMENTS.
Reported by Banks
Liabilities by
Type
in the
United States
of Foreign Holder
(In millions of dollars)
Foreign countries
International and regional
Total
short
End of
calendar year
or month
Official institutions
Banks and other foreigners
1,''
Payable in dollars
teiin
liabilities
Payable
I'ayable
in
in
other
foreigners
foreign
currenci
dollars
Payable
in
foreign
currencies
IMF
gold
investment 2/
Nonmonetary
international and
regional
2/
1957
lA.IS,'
13,b41
7,917
7,917
1958
15,367
14,615
8,665
8,665
5,950
3,460
2,430
1959
17,261
16,231
9,154
9,154
7,076
4,601
2,398
1960
18,701
17,260
10,212
10,212
7,047
4,705
2,230
18,699
18,781
10,940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7,911
7,911
30
1961
f 20, 01
V
1
20,098
f21, 958
1962 5/
1
21,958
1963
196A 5/
1971
W
b/...
200
552
500
113
1,442
691
V
751
104
104
1 , 317
2,35''
613 V'
613
704
704
5,251
5,251
2,564
2,564
95
95
2,050
2,084
8,863
5,713
3,046
104
1,547
739 i/
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
1,317
531
V
1,250
1,284
25,551
24,072
13,066
13,066
11,006
7,360
3,587
59
1,479
679
C27 724
26,343
26,219
12,484
12,539
11,968
12,022
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
581
581
29,370
29,232
14,034
14,027
13,882
13,876
152
152
15,337
15,205
11,132
11,008
4,128
4,120
77
77
1,287
1,273
487
473
30,234
llj318
10^855
463
173
lj483
683
[40,040
40,199
:'8,631
11,054
11,077
10,851
10,874
202
38,786
r41,719
41,7ta
40,499
40,541
19,333
19,333
19,184
19,185
404
55,428
53,632
53,661
39,679
39,018
27,599
30,505
I
,
752
1,031
13,224
13,220
1968
y
59
77
13,224
13,220
I
1970
542
23,849
23,900
r^0,i;.57
^
200
12,437
I
1969
742
12,467
,
y
59
21,330
1965
1967
2,252
3,413
[25,467
25.518
1
1966 5/
5,724
f 55,
6/
39,521
38,854
6/
14,298
818
818
27,577
27,709
23,412
a9
3,939
4,064
226
226
1,409
1,413
800
800
609
613
148
21,166
21,207
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
400
821
821
158
165 7/
13,954
10,034
14,643 6/10,721
3,692
3,694
228
228
772
400
400
1,372
1,367
23,
6/
767-
1972
60,719r
59,306r
39,994
39,824
171
19,312r
14,460r
4,527
325
1,412
1,412-
1972-Oct
Nov
D9C
60,136
60,654t
60,719r
58,855
59,143
59,306r
40,266
40,045
39,994
40,095
39,874
39,824
171
171
171
18^589
19,097
19,312r
13,805
14,404
14,460r
4,417
368
372
325
i;23T
l,512r
1,412
l,2gl
l,512r
1,412
1973-Jan
59,148r
64,218r
65,889r
65,l8ar
66,729r
66, 714
57,768r
62,800r
64,463r
63,751r
65,149r
65,14?r
38,534r
45,413
46,924
45,949
46,112r
45,705r
38 362r
19,234r
17,387r
17,5 39r
17,803r
19,037r
19,440r
U,413r
4,467
12,-I49r
46,752
45,762
45,925r
45,519r
171
172
172
187 8/
187
187
4,596
4,584r
4,751r
355
341
376
l,380r
l,418r
l,426r
l,429r
l,579r
l,569r
67,919r
67,389
67,085
66,432r
65,905
65,534
66,437
46,129
45,714
45,172
45,201
45,940
45,587
45,045
45,074
189
127
127
127
20,303r
20,191
15,003r
14,720
14,6e6
15,642
l,486r
1,485
1,550
1,767
Feb
Mar
Apr
Ifey
June .
July.
Aug
Sept.
.
.
.
.
p.
Oct. p..
68 204
,
,
45,241
-IT" Includes Bank for International Settlements and European Fund.
2/ Short-term *U.S. Government obligations at cost value and funds awaiting investment obtained from proceeds of sales of gold by the International Monetary Fund to the United States to acquire income-earning
assets. Upon termination of investment, the same quantity of gold
was reacquired by the International Monetary Fund.
y- Principally the International Bank for Reconstruction and Development
and the Inter-Amerioan Development Bank. Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
i/ In addition, IMF gold investment included investments in U.S. -Govemt
mant 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
V
20 362
21,236
,
12,579r
12,654r
13,889r
14,042r
4
,
322
4,527
4,76'ir
398
385
4,941r
457r
l,380r
l,418r
l,426r
l,429r
l,579r
l,569r
4,883r
4,987
418
483
533
449
l,486r
1,485
1,550
1,767
5,143
5,145
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.
6/ Data on the second line differ from tho«e on the first line because
certain accounts previously classified as "official institutions" are
included with "banks" and a number of reporting banks are included in
the series for the first time.
Second
line includes $7 million increase in dollar value of foreign
7/
currency obligations revalued to reflect market exchange rates as of
Dec.
8/
p
,
31. 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
r
Revised.
Preliminary.
'
..
.
.
Treasury Bulletin
94
.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
(In millions of dollars)
Official institutions 1/
Banks and other foreigners
Payable in dollars
End of
calendar
year
or ironth
Total
fore ign
countries
Payable in dollars
Dejrasits
Time
2/
Banks
Payable
U.S.
Treasury
bills and
certificates
Other
shortterm
liabilities 2/
Other foreigners
Payable
in
in
foreign
cur-
Dejxjsits
Deposits
Other
Treasury shortbills and term
certifi- liabilities 2/
cates
U.S.
renc ies
Tijne
2/
U.S.
Time
2/
Treasury
bills and
certificates
Other
shortterm
liabilities 2/
foreign
currencies
59
1957.
13,641
3,059
4,246
612
2,737
158
518
1 766
278
209
1958.
14,615
3,511
4,392
762
3,017
131
312
1 ,951
306
174
59
1959.
16,231
2,834
5,738
582
3,369
492
740
1 833
295
270
77
1960.
17,260
3,038
6,193
982
4,210
76
419
1 ,849
148
233
113
1961 2/
18,699
18,781
3,389
3,389
6,412
6,412
1,092
1,092
46
46
4,854
4,917
43
43
402
420
1 976
1 ,977
149
149
230
230
104
104
'l9,908
3,261
3,234
7,759
7,759
928
922
48
48
4,678
4,678
83
83
490
490
2 ,096
116
116
352
352
95
95
30
1962 2/
19,874
1963...
21,330
1,402
2,451
7,548
1,036
1964 2/
r23,849
123,900
1,591
1,591
2,820
2,816
7,554
7,554
1,259
1,259
2 096
4,102
838
68
704
1,493
966
119
469
104
5,006
5,027
967
967
142
142
1,039
1,077
1,523
1,531
1,257
1,271
72
72
502
503
118
90
24,072
1,535
2,862
7,186
1,483
113
1,406
1,574
1,594
87
332
59
1966 2/
26,343
26,219
1,679
1,679
2,612
2,668
6,316
6,316
1,361
1,360
517
517
6,795
6,636
1,249
1,243
137
137
1,842
1,848
1,513
1,5U
1,819
1,819
83
83
329
329
93
72
1967 2/.
29,370
29,232
2,054
2,054
2,462
2,458
7,985
7,985
1,380
1,378
1^2
7,933
7,763
1,142
1,142
129
129
1,927
1,973
1,693
1,693
2,052
2,054
81
81
302
292
77
77
1968
1965
. .
4,941
30,234
2,149
1,899
5,486
1,321
10,374
1,273
30
2,621
1,797
2,199
86
362
173
1969 2/
38,631
38,786
1,918
1,930
2,951
2,942
3,844
3,844
2,139
2,158
202
202
16,745
16,756
1,988
1,999
20
20
4,658
4,644
1,709
1,711
1,811
1,935
107
107
312
312
226
226
1970 2/
40,499
40,541
1,652
1,652
2,554
2,554
13,367
13,367
1,612
1,612
148
148
12,376
12,385
1,326
1,354
14
14
3,202
3,197
1,688
1,688
1,886
1,895
131
131
325
325
220
220
53,632
53,661
1,620
1,327
2,504
32,311
2,039^, 32,311
3,086
3,177
158
165 i/
7,047
3,399^
850
320
1,660
1,660
1,663
1,666
96
96
274
271
228
228
'59,306r
1,589
2,876
31,453
3,905
171
4,659
525
9,270r
1,954
2,026
65
481
325
1,335
1,271
1,589
2,569
2,643
2,876
32,794
32,315
31,453
3,398
3,645
3,905
171
171
171
3,798
3,938
4,659
434
481
525
9,570
9,981
9,270r
1,875
1,706
1,954
1,933
2,014
2,026
70
75
65
538
528
481
.372
Dec.
58,855
59,143
59 306r
1973-Jan.
Feb..
Mar.
Apr..
May..
J\me.
57,768r
62,800r
64,463r
63,751r
65,149r
65,145r
1,405
1,756
1,543
1,714
l,719r
1,940
2,375
2,841
2,832
2,916
2,945r
3,117r
29,779
36,147
37,620
36,137
35,736
34,684
4,303r
4,497
4,757
4,996
5,525r
5,777r
171
172
172
187 6/
187
187
4,155
4,084
4,144
4,335
4,645
5,053
415
483
518
7
69
2,128:
2,1131
2,116]
2,174i
63
7
8
8
1,773
1,813
1,805
1,951
1,859
l,965r
2,070
2,127
5U
9,835r
7,877r
7,912r
7,799r
8, voir
8,577r
75
73
70
555
573
583
611
716
732
July.
Aug..
66,432r
65,905
65,534
66,437
1,934
1,575
1,631
1,810
3,185
3,348
3,226
3,836
34,360
34,118
33,554
32,613
6,461
6,545
6,634
6,815
189
127
127
127
4,957
4,806
5,096
5,219
432
491
603
651
9,605r
9,413
8,979
9,765
1,890
1,876
1,972
1,977
2,lUl
72
68
77
76
776
861
881
912
.
.
1971 2/
V
1972
1972-Oct..
Nov.
Sept.p
Oct. p
1/
2/
1/
y
,
^
Includes Bank for International Settlements and Exiropean Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
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.
Data on the second line differ from those on the first line because
those liabilities of U.S. banks to their foreign branches and those
liabilities of U.S. agencies and branches of foreign banks to their
head offices and foreign branches which were previously reported as
535
404
2,130
6,995
V
3
5
5
5
5
8
10
V
2,183
2,213
2,179
83
368
325
355
341
376
393
385
457r
418
483
533
449
deposits are included in "Other short-term liabilities"; certain
accounts previo'jsly classified .as "official institutions" are included
with "banks"; and a number of reporting banks are included in the
5/
6/
series for the first
Second line includes
currency obligations
December 31, 1971.
Includes $15 million
liabilities revalued
p Preliminary.
time.
$7_raillion increase in dollar value of foreign
revalued to reflect market exchange rates ae of
increase in dollar value of foreign currency
to reflect market exchange rates.
r Revised.
.
December 1973
95
.CAPITAL MOVEMENTS.
Section
I
Liabilities to Foreigners Reported by
-
Table CM-I-2.
Banks
in the United States
Short-Term Liabilities by Type of Liability
(Continued)
Part B
International and Regional Organizations
-
-
-
(In millions of dollars)
Nonmonetary international and regional organizations
End of
calendar year
or month
Total
international
and regional
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
1957
7A2
1958
752
200
1959
1,031
500
1960
1,442
691 A/
1961
1,317
61
1962 5/
2,050
2,084
800
800
1963
1,547
739 i/
196A
1,618
800
1965
1,479
800
1966
1,381
800
1967 5/
1,287
1,273
800
800
1968
1,483
800
1969'
1,413
800
1970
1,221
400
1,772
1,767
400
400
'
1971
^
'
1972
1,412
1972 -Oct
Nov
Deo
1,281
l,512r
1,412
1973-Jan
Feb
Mar
Apr
l,380r
l,418r
l,426r
l,429r
l,579r
l,569r
Itey
June...
July....
Aug
Sept. p.
Oct. p..
l,486r
1,485
1,550
1,767
-i
4/
2j'
['epi:)£its
Demand
Time 2/
U.S. Treasury
bills and
certificates
Other
short-term
liabilities 2/
Treasury Bulletin
96
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities to Foreigners
Table CM-I-3.
-
Reported by Banks
(Position at end of f>eriod in millions of dollars)
t.'alendar
Country
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western EXirope
U.S.S.R
Other Eastern Europe
:
18'-'
117
7,?20
134
U30
I'^'o
1,'--m3
37
Total Europe
Canada
Latin America
Argentina
Bahamas 2/
Brazil
Chile
Colombia
Cuba
:
....:
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics,,
Netherlands Antilles and Surinam
Other Latin America
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
Total Asia
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
:
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries
International and regional
International
-
European regional
Latin American regional
Asian regional
African regional
Total international and regional
Grand total
year
in the
United States
Short-Term Liabilities by Country
.
.
December 1973
97
.CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-4. - Short-Term Liabilities, by Type and Country, as of October
31, 1973
Preliminary
(Position In millions of dollars)
Total
shortterm
liabilities
Country
Europe
Austria
Belgium- Luxembourg.
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
:
,410
.
470
133
135
,l^-)2
.''
-'(".)
,0M''
999
407
7:^7
320
83
403
69
423
Total Europe
Canada
3r'-^il
Latin America:
Argent ina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
7b ^
/.57
745
137
207
7
laiiama
.I'jl
Peru
l-'J
11'
Uruiiuay
Venezuela
Otlier Latin American hepublice
Netherlands Aritllles and Surinam.
Other Latin America
Total Latin America
.
.
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
1,130
742
70
6.;<r.'
:
37
779
363
105
169
278
7,060
198
A80
161
1,135
10.7hQ
Total Asia
Africa
Egypt
Morocco
South Africa.
Zaire
Other Africa.
:
10
103
26
Total Africa..
Other countries
Australia
All other
:
Total other countries....
Toted foreign countries....
International and reg io n al:
International
European regional
Latin American regional..
Asian regional
African regional
Total international and regional.
Grand total
,.•0
98
Treasury Bulletin
.CAPITAL
Section
Table CM-I-5.
-
I
-
Liabilities to Foreigners
MOVEMENTS.
Reported by Banks
in the
United States
Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
(Position at end of period in millions of dollars)
Data represent a partial breakdown of the ajrtounts shown for the
corresponding dates for the "Other" categories in the regular monthly
series in the "Treasxiry Bulletin."
Bermuda included with Bahamas prior to April 1973.
Note:
2/
2/
i/
1/
*
Bangladesh included in Pakistan prior to April 1972.
Ryukyu Islands included in Japan after April 1972.
Data as of December 31, 1971 exclude Has al Khaymah.
Less than $500,000.
.
,
December 1973
99
.CAPITAL MOVEMENTS.
Section
I
Liabilities to Foreigners
-
Table
CM -1-6.
-
Reported by Banks in the United States
Liabilities by Type
Long-Term
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
liabilities
Foreign countries
Total 1/
1957
1958
1959
1960
1961
1962
1963
196-i
,
1965
,
1966
m
10
2
2
1
1
7
7
2
2
7
7
28
204
20 T
988
1^2,560
1,858
1,863
1,807
1,807
1,703
902
2,389
1,600
913
437
2,341
1,505
695
1A4
^1,000
1,013
417
417
93
93
3,166
2, .490
1972 2/
Dec .2/..
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
n.a.
42
106
311
506
25
50
15
15
40
55
40
40
165
237
53
56
777
889
789
446
238
238
87
87
562
580
35
689
698
1
1
20
21
2L
432
429
97
94
248
248
87
88
615
600
21
21
1,000
^1,018
417
93
93
238
238
87
87
562
580
21
21
236
234
246
250
250
250
96
617r
22
304
328
329
313
311
100
112
111
104
113
61 3r
697r
686r
688r
769r
24
24
24
24
24
141
127
123
122
770r
777
760
735
24
24
l,276r
l,.i06r
l,39?ir
l,379r
. .
July...
Aug ....
Sept . p
Oct.. p
2/
n.a.
n.a.
n.a.
n.a.
.068
,051
l,OUr
1973-Jan
Feb
Mar
Apr
May
1/
Other
foreigners
Payable in
foreign
currencies
'
1972-Oct
Nov
June.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a,
n.a.
69
310
513
1,49A
1967 2/
1968
1969
1970
1971
Official
institutions
International
and regional
l,467r
l,527r
1,532
1,504
1,473
405
639
685
690
667
674
734r
731
720
718
Dollar-foreign currency breakdovm 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
Figures on the first line are comparable in
in reporting coverage.
311
322
318
312
282r
282
279
285
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
Not available.'
r Revised.
Preliminary.
100
.
"
'
December 1973
101
—CAPITAL MOVEMENTS,
Section
II
Claims on Foreigners Reported by Banks in the United States
-
Table CM-II-1.
-
Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar
year
or month
Total
shortterm
claims
Official
institutions
Other
foreigners
Payable in foreign currencies
Collections
outstanding
for
account of
reporting
banks and
domestic
customers
Acceptances
made for
account
of foreigners
Deposits
of
reporting
banks and
domestic
customers
with foreigners
Other
shortterm
claims
Foreign
government
obligations
and
Other
shortterm
claims
coramerical
and
finance
paper
1957
J.IQQ
2,052
930
242
386
303
423
699
147
1958
2,5A2
2,344
1,268
401
439
428
421
656
198
1959
2,599
2,407
1,309
351
498
460
516
582
192
178
15
1960
3,594
3,135
1,297
290
524
482
605
1,233
460
222
238
f4,719
4,777
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
1962
5,101
4,606
1,953
359
953
642
1,967
495
309
186
1963
5,887
5,344
1,915
186
955
774
1964 1/
[7,411
7,957
6,810
7,333
2,652
2,773
223
221
1,374
1,403
1,055
1,150
1965 1/
r7,632
7,735
7,158
7,243
2,968
2,970
271
271
1,566
1,567
r7,819
7,853
7,399
7,433
3,139
3,141
256
256
r8,583
8,606
8,158
8,182
3,137
3 150
30i>
8,711
8,261
3,165
r9,578
9,680
9,063
9,165
3,231
3,278
1961 1/
I
1966 1/
I
1967 1/
I
1968
1969 1/
I
15
16
2,214
384
543
343
157
42
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
77
102
1,130
1,132
1,268
1,272
2,501
2,508
422
492
474
492
325
329
54
95
96
1,739
1,739
1,143
1,145
367
288
2,450
2,540
443
464
420
420
240
241
70
70
110
110
1,603
1,616
1,228
1,228
1,511
1,552
3,013
3,013
498
467
425
425
287
287
74
70
63
67
247
1,697
1,221
1,733
2,854
509
450
336
40
73
262
262
1,946
1,943
1,073
1,073
1,954
2,015
3,169
3,202
658
670
516
516
352
352
84
89
79
74
766
306
,
132
1970
10,192
3,051
119
1,720
1,212
2,339
3,985
610
352
92
166
113,170
13,272
4,503
3,969
223
231
2,613
2,080
1,667
1,658
2,475
2,475
4,243
4,254
1,107
1,679 g/
842
895
549
548
in.9
-1971
12,323
12,377
173
174
174
1972 1/
15,471
15,614
14,625
14,763
5,674
5,682
163
163
2,975
2,975
2,535
2,543
3,269
3,298
3,204
3,204
2,478
2,534
846
846
441
441
223
223
182
182
1972 -Oct
Nov
13,845
14,419
13,069
13,649
5,138
5,306
146
157
2,666
2,700
2,326
2,443
2,937
3,130
2,953
3,129
1,991
2,085
776
770
408
412
209
219
159
139
(15,471
15,614
14,625
14,763
5,674
5,632
163
163
2,975
2,975
2,535
2,543
3,269
3,293
3,204
3,204
2,478
2,584
846
346
441
441
223
223
182
132
14 , 34 7r
142r
2,814
3,674r
325
1,071
951
319
854
838r
123
162
165
152
118
,3,901
2,527r
3,551r
3,624r
3,354r
3,271r
2,758r
253
313
262
207
237
04 3r
3,103
3,233r
3,464r
3,464r
3,602r
3,963
443
596
956r
3,230r
3,603r
3,751r
3,834r
3,844r
3,891
3,967
4,088
4,119
3,899
3,694
3,697
3,755
3,290r
3,411
3,34^
3,563
862
836
777
361
561
1/2/
Dec. 1/.
..
1973-Jan
Feb
June
16,902r
17,374r
17,494r
17,649r
17,907r
5,437r
6,460r
6,534r
6,842r
6,931r
7,285r
146
163
205
,633r
,931r
,312r
,037r
July
Aug
Sept. p.
Oct. p
18,957r
18,922
18,720
19,297
13,095r
18,036
17,943
18,436
7,015r
6,964
6,815
6,998
162
176
151
206
3,916r
4,021
3,912
3,994
Apr
ktoy
2/
2,'
15,172r
17,973r
18,324r
13,312r
18,502r
l8,745r
Mar
1/
2,
.
162
Ml
480r
624 r
711r
765 r
2,936
2,767
2,752
2.798
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figxjres on the second
line are comparable to those shown fof the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
524
460
499
552r
488
459
510
U7
151
151
U3
187
151
247
175
163
of U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term claims"; and a nximber of reporting banks
are included in the series for the first time.
Preliminary.
Revised,
102
Treasury Bulletin
December 1973
103
.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, 1973
Preliminary
(Position in millions of dollars)
,
Treasury Bulletin
104
.CAPITAL
Section
II
-
MOVEMENTS.
Claims on Foreigners Reported by Banks
Table CM-II-4.
-
in the
United States
Long-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
long-term
claims
Official
institutions
1957
1958
1959
1960
1961
1962
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a
n.a
n.a
n.a
n.a
Other
Foreigners
n.a
n.a
n.a
n.a
n.a
n.a
n.a.
n.a.
n.a,
n.a.
n.a.
Other
long-term
claims
n.a
n.a
n.a
n.a
n.a
1963-Way 1/.
2,293
2,379
2; 293
2,379
2,260
2,346
660
730
273
273
1,328
1,342
33
33
1963 1/
2,837
3,030
2,834
3,028
2,781
2,811
725
728
397
397
1,659
1,685
217
1964 1/
3,971
4,285
3,971
4,283
3,777
3,995
703
716
701
729
2,372
2,550
195
288
4,517
4,180
3,925
3,567
3,250
3,075
3,667_
4,954
5,014r
4,508
4,162
3,909
3,552
3,232
3,050
3.645
4,914
4,974r
4,211
3,915
3,635
3,158
2,806
628
512
323
237
209
236
315
430
297
247
274
1965
1966
1967
1968
1969
1970
1971
1972 1/
'4,539r
430
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,274r
'4,649
4,702
4,614
4,669
4,323
4,378
796
819
412
432
3,114
3,127
436
292
291
''4,954
4,914
4,974r
4,539
'i,539r
833
836r
430
430
3,276
3,274r
436
4,536r
4,625r
4,763r
4,917r
5,010r
5,096r
835
836r
883r
903r
932
978
442r
477r
496r
544r
5,605r
4,976r
5,074r
5,224r
5,365r
5,465r
5,560r
3,258r
3,311r
3,384r
3,469r
3,532r
3,568
440
449
460
443
456
464
5,626
5,521
5,392
5,565
5,572
5,475
5,322
5,485
5,116
5,009
4,865
5,009
3,605
3,492
3,345
456
466
457
476
,
'
1972 -Oct
Nov. ...
Dec. 1/
I
1973- Jan
Feb
Mar. .
Apr
May
Jxme .
July.
Aug
5,017r
5 126r
5,270r
5,413r
,
.
.
5,5Ur
. .
.
.
Sept. p.
Oct. p..
1/
5,014r
2,C98
3,345
.
4,539
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.
545
550
957
1,002
1,010
1,041
554
514
511
537
n.a.
P
Not available.
Preliminary.
Less than $500,000.
Revised.
n.a.
n.a.
54
793
702
669
528
502
504
575
833
836r
'
Payable in
foreign
currencies
394
426
352
300
375
375
9
18
15
16
18
25
22
40
40
35
33
40
40
41
52
47
49
48
45
54
46
70
80
—
,
December 1973
105
.CAPITAL
Section
II
-
MOVEMENTS.
Claims on Foreigners Reported by Banks
Table CM-II-5.
-
in the
United States
Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
1969
Europe
Austria
Belgixim-Luaembourg.
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spa in
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
1970
1Q72 1/
:
1
1-
.
1]
127
102
14
71
11
Total Europe.
Canada
Latin America
Argent ina
Bahamas 2/
Brazil
Chile
Colombia
Cuba
Mexico
:
15
7
187
2M
/,19
Panama
Peru
Uruguay
Venezuela
CVther Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America
<7
108
139
12
3
Total Latin America.
1
Agia:
China, People's Republic of
(China Malxtland)
China, Republic of (Taiwan).
Hong Kong
Ind ia
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other As ia
,
325
1,458
lb
1
^'1
111
1?
pp.
11='
1?1
Total Asia.
Africa
Egypt
Morocco
South Africa.
Zaire
Other Africa.
:
1
1
10
17
11?
184
Total Africa,
Other countries
Australia
All other
:
142
Total other countries
Total foreign countries
International and regional,
Grand total.
.2^8
.
3,250
S074
1973
May
July
Sept.p
Oct.
p
.
Treasury Bulletin
106
.CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of October 31, 1973
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Total
long-terra
Country
claims
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yxjgoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
:
25
Total Europe
Canada
Latin America
Argentina
Bahamas
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other latin American Republics...,
Netherlands Antilles and Surinam.
Other Latin America
:
Total Latin America
Asia
:
China, People's Republic of (Chint
Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Fhllipplnes
Thailand
Other Asia
Total Asia
Africa
:
Efeypt
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
Total foreign countries
International and re£ional
Grand total
,
,
Loans
Long-term
claims
payable in
foreign
currenc ies
i
.
.
107
December 1973
.CAPITAL
Section III
-
MOVEMENTS.
Liabilities to Foreigners Reported
Table CM-III-1.
-
by Nonbanking Concerns
Liabilities by
United States
in the
Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter -end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign
currencies
Long-term
liabilities
1957.
566
491
428
62
75
1958.
499
440
368
71
60
1959.
664
581
512
69
83
1960 2/
574
596
485
507
424
437
61)
1961 -Mar. _2/.
674
691
583
600
510
525
z]
June Z/-
756
778
673
684
563
572
111
113 >
Dec
833
678
569
109
1962-June 2/.
778
817
626
665
527
551
99
114
Dec. 2/.
798
805
637
644
508
513
129
130
1963
775
626
479
148
763
725
622
585
471
4*L
151)
196A-June g/.
700
556
144
600
210
Dec
943
958
1965 2/
1966
1,419
89
J
91
83
94
155
"t
151
J
14^
"\
161
J
148
140
J
107
f
\_
827
1,089
136
147
262
329
1967 2/
1,784
1,815
1,371
1,386
1,027
1,039
343
347
414
428
2,737
1,608
1,225
382
1.129
1968.
1,786
2,124
1,399
1,654
387
471
1,725
3,511
4,428
2,181
496
3,102
3,159
3,133
3,300
t
'1969 2/
1
70
5,780
1970
2,677
2,304
1971 2/
5,363
5,901
2,704
2,763
2,229
2,301
475
463
2,925
472
6,225
2,452
1972-June
498
3,448
6,381
2,933
2,435
Sept
3,115
3,324
2,630
2,825
3,540
3,858
Dec. 2/.
6,655
7,182
484
499
2,743
3,988
3,256
513
7,243
3,963
3,213
2,652
561
7,176
1973-Mar
June p
.
Note-
reporting coverage which
not shown; in such
the following date is
1/
the most recent five
Data are also shown
Breaks in series arising from changes in
are
amount to $5 million or less for any year
for
cases, only the figure comparable to that
shown
and for
Data are shown for calendar year ends
quarter ends for which figures are available.
2/
reporting coverage changed.
for earlier quarter ends when the
date differ because of
Data on the two lines shown for this
on the first line are
changes in reporting coverage. Figures
preceding date;
comparable in coverage to those shown for the
to those shown for
figures on the second line are comparable
p Preliminary.
the following date,
108
1/
Treasury Bulletin
Data In the two columns shown for this date differ because of changes
Figures in the first column are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
•
Through December 31, 1972, Bermuda included with Bahamas.
Less then $500,000.
p
"Preliminary.
2/
I
December 1973
109
.CAPITAL MOVEMENTS.
Section
III
Liabilities to Foreigners
-
Table CM-III-3.
,
Less than $500,000.
.
-
Reported by Nonbanking Concerns in the United States
Short-Term Liabilities, by Type and Country, as of June 30, 1973
Preliminary
Treasury Bulletin
ito
.CAPITAL MOVEMENTS.
Section
III
Liabilities to Foreigners Reported
Table CM-III-4.
-
by Nonbanking Concerns
Liabilities by Country
in the
United States
Long-Term
(Position at end of period in millions of dollars)
Calendar year
Country
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spa in.
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
1971 1/
Sept.
Dec. 1/
:
1
174
261
41
261
41
266
45
255
45
254
43
72
553
19
201
164
81
553
19
201
164
62
580
13
156
158
65
447
78
348
20
152
236
7
4
4
2
2
5
5
3
3
1
»
426
U
56
111
675
*
152
6U
76
UO
161
*
7
13
153
179
9f
5
5
7
5
3
3
4
2
325
424
453
455
461
653
1,037
390
866
992
986
949'
2,111
2,747
2,670
2,652
2,742
2,530
2,560
A^
67
61
64
*
)*-
47?
*
,
Total Europe
,
Canada
Latin America
Argentina
Brazil
1
144
73
:
Chile...,
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas 2/
,.
Netherlands Antilles and Surinam
Other Latin America
5
Total Latin America
Asia
1
13
14
»
1
U
U
2
2
13
3
1
13
2
1
1
U
3
5
5
1
2
2
2
3
3
3
85
188
285
10
280
10
334
15
349
1
219
319
3U
373
409
6
6
44
323
431
115
2
2
3
34
1
1
2
4
250
64
1
340,
:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indones ia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
.'
,
,
,
,
5
5
5
5
11
30
39
39
i
,
1
5
Total Asia
23
1
"IT"
47
53
3J2
Africa
Egypt
MDrocco
South Africa
:
Za ire
Other Africa
Total Africa
Other countries
Australia
All other
6
:
21
45
Total other countries
Total foreign countries
,
45
54
59
45
45
54
59
2,304
3,102
3,159
3,138
3,300
3,448
2,304
3,102
3,159
3,138
3,300
3,448
International and regional
Grand total
1/
,
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; fig\ires in the second
column are comparable to those shown for the following date.
December 1973
Ill
.CAPITAL MOVEMENTS.
Section IV
-
Claim^ on Foreigners Reported by Nonbanking Concerns
Table CM-IV-1.
-
in the United States
Claims by Type
(In millions of dollars)
Short -terra claims
End of
calendar year or
quarter-end month
Payable in foreign currencies
Total claims
Payable in
dollars
1/
1957.
9A7
777
637
1958.
9A3
720
568
1959.
1,009
705
605
1,775
1,859
1,432
1,505
1,633
1,701
78
Long -term
claims
Other short-term
claims payable in
foreign currencies
63
170
63
223
68
32
304
824
875
58
71
549
56C.
344
354
1,248
1,305
939
968
76
233
248
385
396
1,895
1,934
1,496
1,528
1,181
1,208
122
126
193
194
399
406
'2,099
2,117
1,646
1,664
1,323
1,340
131
132
192
192
453
'
1960 2/
'
1961 -Mar. 2/..
'
June 2/,
Sept. 2/.
Deposits with banks
abroad in reporter's
own name
Dec
"
2,138
1,636
1,335
150
'2,443
2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
Dec. 2/..
'2,809
2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. 2/..
2,929
2,979
2,113
2,162
1,712
1,758
201
204
200
2,282
1,877
222
183
1962 ^une 2/.
June 2/.
f
\^
3,048"\
3,164j
r 2,854
502
816
200^
766
882
r
I
2,131
2,188
1,739
1,778
201
199
191
211
2,482
2,430
2,000
1,952
220
219
260
1^3,934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
f 3,565
[3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
3,884
2,628
2,225
236
1,256
4,483
4,581
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
19&8....
5,572
3,783
3,173
368
241_
19692/.
f 5,925
6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
Dec. 2/..
^^
196i-June 2/..
f 3,297
3,245
I
Dec. 2/..,
1965 2/.
2,922
r 3,738
1966
1967 2/.
723
734
262^
815
f
1
1970
1971 2/.
1972- June
Sept
Dec.
2/.
1973-Mar
June p.
1
,790
7,110
4,160
3,579
234
348
2,950
f 8,303
[8,122
5,185
5,004
4,535
4,467
318
290
333
247
3,118
3,118
8,586
5,3n
4,685
376
270
3,255
3,235
8,730
5,495
4,833
432
230
r 9,092
9,540
[_
5,723
6,068
5,074
5,394
411
393
238
281
3,369
458
436
3,604
502
355
3,662
10,443
6,839
5,945
10,768
7,106
6,249
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
Data are shown for calendar year ends and for the roost recent five
quarter ends for which fig\ires are available. Data are also shown
Note:
1/
,
2/
p
3,472
for earlier quarter ends when the reporting coverage changed.
Data on the two lines shown for this date differ because of changes
Figures on the first line are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Preliminary.
112
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section IV
Claims on Foreigners Reported by Nonbanking Concerns
Table CM-IV-2.
1/
-
in the
United States
Short-Term Claims by Country
Data in the two columns shown for thiE date differ because of changes
Figures in the first column are comparable in
in reporting coverage.
coverage to those shown for the preceding date; figures in the second
coluran are comparable to those sliown for the following date.
2/
*
p
Through fecember 31, 1972, Bermuda included with Bahamas.
Less than $500,000.
Preliminary.
December 1973
113
-CAPITAL MOVEMENTS,
Claims on Foreigners Reported by Nonbanking Concerns in the United States
Section IV
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of June 30, 1973
Preliminary
-
(PositiDn in millions of dollars)
Payable in foreign currencies
Total
Country
shorVterm
claims
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
GermarV
Greece
Italy
Netherlands
Norway
Portugal
Sfain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
:
Deposits with banks abroad
in reporter's own name
Payable in
dollars
16
72
19
20
17
93
20
21
318
270
AO
199
97
19
25
140
266
198
39
178
81
18
25
135
47
77
A9
89
15
.,360
18
W
1,264
18
9
73
19
2 , 84U
Total Europe.
1,25b
Canada
lAtin America
Argent Ina
Brazil
Chile
Colombia
Cuba
:
Ifexlco
Panajna
Peru
Uruguay
Venezuela
Other Latin American Republics..
Bahamas
Netherlands Antilles and Surinam
Other Latin America
Total Latin America,
Asia
China , People s Republ ic of
(China Mainland)
China, Republic of (Taiwan).
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
62
56
176
163
28
34
29
36
1
205
72
34
*
197
66
30
5
5
99
101
740
93
88
731
10
11
41
l,bbl
:
'
10
76
34
28
35
27
500
40
47
24
203
141
837
Total Asia.
Africa
Egypt
Morocco
South Africa.
Za ire
Other Africa.
:
23
3
52
15
81
19
2
42
12
73
149
Total Africa.
Other coxintries
Australia
All other
10
74
29
21
35
25
348
40
42
:
Total other countries....
Total foreign countries....
International and regional
Grand total.
6,249
Treasury Bullettn
114
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 dollars
End of
calendar year
or month
Total
short-term
liquid
claims
196^
1965 2/..
1966
'
1967 2/..
1968
'
Short-term
investments 1/
1,436
1,102
28
917
84<;
691
625
19
19
557
549
114
57
973
805
58
699
48
1,078
1,163
901
985
66
66
702
786
133
133
1,638
1,306
1,192
1,318
1,491
1,068
1,222.
951
1,062
1,U1
847
697
1,648
1,507
1,295
1,205
1,965
2,219
1,615
1,446_
1,813
1^75C
2,101
2,033
2,058
1,697
1,644
1,660
1,
1,965
_2,219
1,615
1,813
1,446
1,758
June.
2,369
2,901
2,963
2,938
3,065
3,109
1,935
2,304
2,330
2,286
2,422
2,52<
1,861
2,155
2,191
2,175
2,309
2,457
July.
Aug.,
Sept.
3,153
3,238
3-052
2,505
2,542
2.471
2,387
2,477
2.403
1969 2/.
1970
'
1971
1972
Deposits
Total
2/
1972-Sept.
Oct..
Nov,
Deo .2/.
1973- Jan.
Feb,.
Nfer.
Apr..
ifay..
•
1,092
1,078
527
1,472
1,493
87
116
161
December 1973
115
.CAPITAL
Section IV
Table
-
MOVEMENTS,
Claims on Foreigners Reported by Nonbanking Concerns in the United States
- Short-Term Liquid
Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of September 30, 1973
CM -rV-6.
Treasury Bulletin
116
.CAPITAL MOVEMENTS.
Section IV
-
Claims on Foreigners Reported by Nonbanking Concerns
Table CM-FV-?.
-
in the
United States
Long-Term Claims by Country
(Position at end of period In millions of dollars)
Calendar year
1972
1973
Coxmtry
1969
Europe
Austria
Belgium- Lxutembourg
Denmark
Finland
France
Germai^
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kijngdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
:
A
1
3
17
13
58
125
10
13
22
83
68
1
5
152
3
14
Total Europe
Canada
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics...
Bahamas 2/
Netherlands Antilles and Surinam
Other Latin America
:
,
,
,
,
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand..
Other Asia
65
177
200
22
9
77
29
21
1
20
V,
3
bli,
.*
19
1
9
50
142
79
38
9
52
,
Total Asia
412
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
:
4
2
69
Total Africa
Other countries
Australia
All other
75
:
Total other countries
Total foreign countries
International and regional
Grand total
1970
1971 1/
Sept.
Dec.
]/
December 1973
117
c'apital
movements.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Foreign Purchases and Sales of Long-Term
Domestic Securities by Type
Section
Table CM-V-l.
(Ir.
-
millions of dollars; negative figures Indicate net sales by forelgiiers
or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
Corporate and other securities
Net foreit^n purchases
Calendar year
or month
Grosr
Foreign countries
Total
1958
1959
1960
Official
institutions
36
International
fore Igners
and
regional
-237
689
127
foreigii
Other
524
-98
-20
-207
369
273
155
224
532
-521
302
-315
-151
-427
-121
-161
1951
512
1%2
-728
671
-338
-76
-616
-59
-20
-245
36
95
-43
-489
-45
48
30
-330
-115
51
59
123
-119
-22
130
57
-161
1963
1964
1965
1966
1967
1968
1959
56
11
purchases
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1.077
680
Gross
foreign
sales
1,188
528
4,358
2,472
990
4,479
2,090
4,852
2,761
12
23
309
632
639
150
142
289
349
367
549
199
225
250
159
490
350
192
477r
446r
350
139
-121
1,482
1,692
-49
i<372-Oct.....~.
Nov
356
395
403
340
17
IS
Dec
1973-Jan
'62
;62
573
11
Feb
515
•^79
-12
604
89
'140
10
555
43
131
2
June
July
Aug
Sept. p
Oct. p
1/
691
2,414
369
41?
427
23
-9
-48
-71
-15
-1
-33
-69
-79
-9
-71
120
-39
17
20
-13
46
132
260
-51
-28
40
3
12
29
15
27
8
Data include transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government.
Table CM-V-2.
(In millions of
-
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,389
1973-Jan. Oct. p
3
344
296
392
416
359
245
284
637
3,054
2,499
2,947
4,713
1,672
3,316
lb
361
369
1,929
2,481
1,853
1,543
2,263
2,842
1971
1972
31
17
73
50
-99
-51
9
176
38
Gross
Net
Gross
foreign foreign
foreign
stiles
purchases purchases
1,964
1,202
956
684
1,871
-41
1,661
3,281
Mar
Apr
May
Net
Gross
foreign
foreign
purchases purchases
Stocks
1,070
4,234
2,688
1,582
1,415
4,058
585
443
'28
56
1
-39
435
252
223
60
207
-173
-375
678
Bonds 1/
1,603
1,231
2,508
196
487
1,153
1,296
629
932
574
634
742
1,043
1970
377
403
Net
fore ign
purchases
of
corporate
and other
securities
24
12
179
79
200
96
91
231
736r
716r
,109
523
40
198
422r
479
210
45
1,011
313
250
270
759
385
161
64
106r
138
-2
-50
442
317
308
256
461
675
1,553
2,243
4,445
451
480
1,076
697
364
331
441
372
226
414
542
210
317
313
204
267
334r
234
228
463
134
315
341
213
94
Less than $500,000.
Preliminary.
Foreign Purchases and Sales of Long-Term Foreign Securities by Type
1,397
2,224
1,977
3,067
2,260
2,724
3,076
3,720
4,740
8,033
13,118
12,429
8,927
11,525
14,361
10,399
"
1,005
1,560
1,464
l,401r
l,282r
1,144
866
777
766
880
972
947
1,366
Gross
foreign
sales
1,454
1,862
1,775
2,745
2,149
2,527
3,425
4,133
5,074
7,276
10,848
10,942
8,301
10,894
12,173
8,010
845
1,070
1,114
924r
835r
793
728
898
632
564
631
734
1,271
118
.CAPITAL
MOVEMENTS
Treasury Bulletin
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-3.
-
(In millions of dollars; negative figures indicate
r,et
tales by foreit-.iers or a net outflow of capital from the United States)
.
December 1973
119
CAPITAL MOVEMENTS.
V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
Section
Table CM-V-4.
-
(Position at end of period in millions of dollars)
1973
Calendar year
Country
Europe
Austria
Belgium- Luxembourg. .
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe.
U.S.S.R
Other Eastern Europe.
July
May
1972
1971
Aug.
Sept. p
Oct. p
:
1
1
1
1
1
1
5
5
5
5
5
5
»
*
1
1
1
1
1
1
1
1
1
2
6
60
85
45
135
135
42
135
37
165
37
165
43
135
43
323
327
281
280
275
236
247
290
71
71
71
1,12
17
Total Europe.
71
71
71
6
5
5
5
5
547
555
554
547
504
546
588
5A7
480
558
560
560
560
560
560
560
5,978
5,977
5,977
5,950
5,950
178
Canada
71
37
5
Latin America
Argentina
Bahamas 1/
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Netherlands Antilles and Suru.a,n
Other Latin America
:
Total Latin America.
A^ia
:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan).
1
Hong Kong
India
Indones la
Israel
Japan
Korea
Philippines
Thailand
Other Asia
20
Total Asia.
85
Africa
Egypt
Morocco
South Africa.
ZaLre
Other Africa.
133
183
183
183
183
43
133
183
183
43
183
183
Total Africa.
25
25
25
25
25
7,241
7,303
56
5,949
2
1,727
5,988
4,391
5,959
5,061
5,961
:
Other countries
Australia
All other
:
158
153
158
25
Total other countries.
Total foreign countries.
International and regional
International
Latin American regional
Asian regional
5,661
7,318
7,317
7,308
72
27
1
1
21
28
45
45
46
66
.
Total International and regional
Grand total
.404
126
186
24
30
28
142
27
26
156
214
169
886
2,558
5,874
and private holdings of marketable
wnteData renresent estimated official
year.
an original maturity of .ore than one
U'S ^rea^?r ecurities with
as of January 31, 1971 and the
survey
benchmark
a
on
based
D^t; are
the new series
reports. For statistical convenience,
Snth^TtrSsacUons
7,487
7,3.^7
7,237
6
47
53
7,356
rather than as of the survey date.
'"'is Introduced as of December 31, 1970,
Bermuda included with Bahamas.
1/ Through December 31, 1972,
*
Less than $500,000.
Preliminary.
p
120
December 1973
121
.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
-
(In milliuiio or dollapL:; negative
fl^;iiref:
indicat'^-
rii^t
-al''.j
l>y
1'
Oiitfluw
T'MijM'ir
Hi'
c-ipi'.-il
rnmi the United ."Latec)
Calendar year
Country
1970
1973
through
1Q72
July
May
Aug.
Sept.p
Oct. p
Oct. p
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
:
-2
9
4
51
127
-1
6
2
-7
1
X
372
-51
303
-34
15
67
-10
-1
14
2
67
-19
53
-23
63
6
6
-7
1
1
1
1
1
2
7
8
7
-2
25
60
18
1
2
1
1
-1
10
1
i
1
9
-4
1
64?
6S0
1
1
1
1
-22
52
80
57
1
1
-1
-1
-34
-39
15
28
40
15
66
7
1
1
Total Europe
:
,
14
46
1
-1
1
-1
-15
Nfexico
Panama
Peru
Uruguay
Venezuela
Other r.atin American liepublics.
Netherlands Antilles « .'jurlnam.
Other Latin America
5
1
-3
13
-1
-7
13
-4
-7
1
!
Total Latin America
Asia:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
1
-1
56
21
-2
-1
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
4
2
159
367
-1
64
_o
1
-1
435
Total Asia
Africa
:
Egypt
Morocco
South Africa
Zaire
Other Africa
Total Africa
Other countries
Australia
All other
:
Total other countries
215
Total foreign countries
International and regional
2,350
604
:
85
Internationa]
European regional
Asian regional
African regional
1
Total international and regional
134
Grand total
1
1/
p
Through December 71, 1972, Bermuda included with Bahamas.
Preliminary.
Less than $500,000.
3
52
Canada
Latin America
Argent ina
Bahamas 1/
Braz il
Chile
Colombia
Cuba
5
-1
6
3
3
2
-2
23
6
2
1
-2
-14
320
1
13
-43
253
2
1
20
1
10
36
297
561
2
10
•16
Treasury Bulletin
122
.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
Long-Term Foreign Bonds by Country
(In millions of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar ye?r
1973
-ll
Coxmtry
1970
1971
1972
=
1°73
through
July
Aug.
Sept, p
Oct. p
Europe
Austria
Belgium- Luxembourg
Denmark
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
:
1
29
6
7
11
-17
13
-25
10
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern Europe
-22
-15
35
-4
-2
21
19
6
10
11
32
18
2
1
*
-1
-1
3
1
36
55
1
-1
1
1
3
-21
-10
-3
-7
-19
-24
-21
4
-2
-5
-1
-1
-24
Latin Amsrica
Argent ina
Bahamas 1/
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America
2
1
10
i,
-699
1
*
30
-2
Total Europe
Canada
-2
2
*
3
1
43
-2
»
-25
ii21.
-604
-11
1
-25
-159
:
2
-22
-6
7
-1
-47
1
1
29
-69
-33
53
-2
5
2
4
1
-19
-2
-12
-90
-12
-2-i
-5
1
9
1
2
3
2
2
-17
12
-2
8
-2
1
1
7
16
4
-1
-i,
2
2
-3
13
-5
2
1
4
1
-6
-3
2
1
15
-209
-6
-226
60
-I,
-24
-215
31
-12
-50
5
1
1
7
1
-1
6
Total Latin America
Asia
:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
-161
9
-1
-1
-24
16
-18
3
-14
21
2
-10
6
-77
2
2
1
Other Asia
1*
Total Asia
-13A
-232
15
3
220
-161
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
-58
-61
Total Africa
-55
-60
:
Other countries
Australia
All other
3
:
26
27
6
7
1
JA
32
34
14
-695
-624
-967
-177
-277
-124
52
10
3
5
*
28
22
1
13
10
Total other countries
Total foreign countries
International and regional
International
European regional
Latin American regional
Asian regional
1/
p
»
Jl.
-242
-103
:
1
-80
Total international and regional
Grand total
13
-951
16
-50
-311
-93
-935
-1,060
Through December 31, 1972, Bermuda included with Bahamas.
Preliminary.
Less than $500,000.
-100
-34
-239
December 1973
123
.CAPITAL MOVEMENTS.
Section
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
-
-
(In millions of dollars; negative figures tadlcate net sales by foreigners
or a net outflow of capital from the United States)
1/
p
»
Through December 31, 1972, Bermuda Included with Bahamas.
Preliminary.
Less than $500,000.
Treasury Bulletin
124
.CAPITAL MOVEMENTS.
Transactions in Long-Term Securities by Foreigners
Section V
Reported by Banks and Brokers in the United States
Table CM-V-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During October 1973 Prelininary
-
(In millions of dollars
J
December 1973
125
CAPITAL 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,
hy Type and Country, During Calendar Year 1972
Section
-
(In millions of dol]ars)
Gross purchases by foreigners
Domestic securities
Coiintry
Europe
Total
purchases
Marketable
Treasury
bonds and
notes
Corporate and
other
Bonds
Domestic securities
Marketable
Treasury
bonds and
notes
Total
sales
Stocks
Foreign securities
Corporate and
other
Bonds
Stocks
2
115
26
664
14
2
1,134
889
11
210
533
24
8
:
Austria
Belgium- Luxembourg
Denmark
Finland
France
Cif^ rmany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Yugoslavia
Other Western Europe
U.S.S.R
Other Eastern EXirope
^2
1,006
144
716
36
5
20
12
1
2,021
1,185
23
432
390
205
247
8t3
123
101
46
3t>
1
5
332
1 195
84
151
4,936
3
30
57
874
18
35
1,289
1,130
129
1
15
315
75
7
230
23
:ii
3
2
9
27
522
60
28
3,982
13
7
1
202
225
641
47
9
69
70
4,034
1,583
2,266
322
243
3,796
139
30
1
34
8 30
1
47
71
55
33
10
4
1
3
55
1
27
16
54
31
9
19
4
25
387
3,340
328
1,227
1,705
1
27
2,063
8,675
2
3
2
1
228
1
Total Europe
.'',^75
Latin America
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin
Bahamas and
Netherlands
Other Latin
1,506
838
1
89
10
9
77
70
21
,
Canada
426
3.356
465
410
10,633
911
892
12,408
37
427
836
3,745
1
"1
,
359
328
:
27
6
10
3
American Republics,,.
Bermuda
Antilles and Surinam.
America
22
2
7
10
6
liq
69
S3
36
15
1
4
3
14
2
57
4
63
23
20
36
41
869
31
544
19
124
1,910
1,446
306
276
250
1
4
1
5
1
11
310
638
1,501
20
190
3
7
58
71
1
1
40
46
851
517
12
69
19
683
444
2
1
3
4
7
10
15
213
114
64
86
2
11
1,414
Total Latin America
Asia
Gross sales by foreigners
Foreign securities
180
6
47
33
678
479
:
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
3
153
1
7/,
4
,
bio
24
120
149
38
61
585
12
67
19
3
Other Asia
145
Total Asia
5,218
Africa
3,248
1
4
3,248
l.?
3
3
75
11
110
20
90
342
814
143
2,270
557
58-^
:
Egypt
Morocco
South Africa
Zaire
Other Africa
,
Total Africa
Other countries
Australia
All other
1
1
1A3
126
83
126
90
:
60
7
25
26,960
4,291
4,224
14,217
1,702
International and regional
International
European regional
Latin American regional
Asian regional
African regional
859
60
436
142
167
2,526
:
1
3
20,438
1,032
341
691
J
12
30
37
11
5
68
Total international and regional
Grand total
15
34
Total other countries
Total foreign countries
27.8
4,358
489
4,713
143
14,361
341
199
2,532
1,043
126
Treasury Bulletin
.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)
Calendar year
1973
Country
1968
Europe
Austria
1969
1970
Sept.
Jijne
Sept p
:
Belgixiin-Luxembourg
Deninark
1
2
U
1
19
17
31
18
22
l-i
26
17
1
Finland
France
Germany
Greece
Italy
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
1
1
1
14
16
21
12
19
15
47
20
22
25
15
22
24
1
15
*
30
22
«
13
1
1
*
1
16
22
12
16
14
10
10
13
10
24
10
37
6
20
6
3
1
1
1
1
2
1
1
1
7
«
*
*
*
8
4
3
1
6
5
5
3
1
1
1
1
1
239
153
100
73
83
W
QO
75
46
57
67
61
40
43
Yxjgoslavia
*
Other Western Europe
U.S.S.R
Other Eastern Europe
1
1
Total Europe
Canada
Latin America:
Argentina
Bahamas 1/
Brazil
Chile
Colombia
Cuba
Mexico
Panama
Peru
Uruguay
Venezuela
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America
5
294
243
193
281
52
36
56
34
2
1
226
1
1
1
15
19
11
1
1
84
76
*
56
35
1
87
3A
46
7
1
#
1
•
A30
231
198
1
1
1
»
6
6
3
3
3
3
3
2
1
4
2
*
3
3
1
2
1
1
1
1
1
7
5
5
2
3
2
1
1
3
1
1
2
1
2
2
20
14
11
10
12
21
22
3
2
13
7
64
40
43
36
47
42
39
10
19
13
14
13
23
20
Total Latin America
Asia
China, People's Republic of
(China Mainland)
China, Republic of (Taiwan)
Hong Kong
India
Indonesia
Israel
Japan
Korea
Philippines
Thailand
Other Asia
2
1
:
Total Asia
,
,
,
,
,
,
11
,
,
,
Africa
Egypt
Morocco
South Africa
Zaire
Other Africa
10
,
7
34
17
24
20
:
,
,
,
Total Africa
Other coTontries
Australia
All other
,
:
Total other countries
Total foreign countries
636
434
349
311
286
372
310
316
290
636
434
349
311
286
372
310
316
290
International and regional
Grand total
Data represent the money credit balances (due to 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
Note:
carried by foreigners.
1/ Through December 31, 1972, Bermuda included with Bah
»
Less than $500,000.
p Preliminary.
December 1973
127
.CAPITAL
Section VI
-
Table CM-VI-2.
MOVEMENTS.
Foreign Credit and Debit Balances in Brokerage Accounts
-
Foreign Debit Balances (Due from Foreigners) by Country
Treasury Bulletin
128
.FINANCIAL OPERATIONS OF
Section
Table GA-III-1.
-
III
-
GOVERNMENT AGENCIES AND FUNDSL
Federal Credit Programs
Direct Sales and Repurchases of Loans
(In millions of dollars)
December 1973
129
.CUMULATIVE TABLE OF CONTENTS.
January 1973 through December 1973
Issue and page
Sections
Article
Treasury financing operations
:
Federal fiscal operations
Summary of fiscal operat ions
Budget receipts by principal sourcec
Chart - Budget receipts by principal courc*?c
Budget outlays by agencies
Undistributed intrabudgetary tran;;^ct ions
Budget outlays by major function
Investment transactions of (government accounts in
Federal securities (net)
Trust fund transactions
Loan disbursements and repayments, net lending, and
loan balances of Federal Credit Program'^
Detail of excise tax receipts
Accountability of the Treasurer of the U.S. on an
accounting basis
Summary of internal revenue collections by states,
and other areas
:
11
Federal obligations
of the Treasurer of the United clltates
Status of the Account of the Treasurer of the United
States
Analysis of changes in tax and loan account balance..
Summary of cash transactions through the Account of
the Treasurer of the United .states
Gold assets and liabilities of the Treasury
Ac'.:ount
:
Monetary statistics
Money in circulation
:
Federal debt
Summary of Federal debt
Computed interest charge and computed interest rate
on interest-bearing public debt
Interest-bearing public debt
Maturity distribution and average length of marketable interest-bearing public debt
Special public debt issues
Interest-bearing securities issued by Government
agenc ies
Participation certificates
Debt subject to statutory limitation
Status and application of statutory limitation
Treasujy holdings of securities Issued by Government
corporations and other agencies
:
Public debt operations
Maturity schedule of interest-bearing marketable
public debt securities other than regular weekly
and annual Treasury bills outstanding
Offerings of Treasury bills
New money financing through regular weekly Treasiiry
bills
Offerings of public marketable sectirities other than
:
regular weekly Treasury bills
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations
Allotments by investor classes on 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
Goxmtries
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
:
?0
numh'.-
130
Treasury Bulletin
.CUMULATIVE TABLE OF CONTENTS
January 1973 through December 1973
-
(Continued)
Issue and page nuiDber
1973
Jan.
United States savings notes
Sales and redempt ions by periods
Mar.
Apr.
May
July
Aug.
Sept.
Oct.
:
66
67
71
66
69
67
68
68
69
72
73
67
68
70
71
71
72
70
71
68
69
71
72
64
65
69
70
74
72
73
72
70
73
66
63
69
Ownership of Federal securities
Distribution by classes of investors and types of
:
issues
Estimated ownership by private investors
Treasury Survey of ownership
Treasury survey-commercial bank ownership
77
Market quotations on Treasxirv securities
End-of -month closing quotations by issues
Chart - Yields of Treasury securities
69
70
77
:
Average yields of long-term bonds
Average yields of Treasury^ corporate and municipal
bonds by periods
Chart - Average yields of Treasury, corporate and
municipal bonds
76
78
83
81
83
76
78
79
81
80
85
82
79
81
83
85
80
82
73
75
79
81
79
86
84
79
82
83
32
86
83
76
82
84
77
83
:
EicGhange Stabilization Fund
80
87
85
80
83
84
83
87
:
Balance sheet
Income and expense
81
82
81
82
78
79
84
85
National bank reports
Income, expenses, and dividends for calendar year 1971
:
International financial statistics
U.S. reserve assets
U.S. liquid and nonliquid liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners
U.S. liquid and nonliquid 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
85
:
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.
83
84
89
85
90
86
87
91
92
86
83
84
86
86
85
87
84
85
87
87
86
81
85
86
88
88
90
87
82
86
87
87
88
89
90
89
90
91
92
88
89
83
84
89
91
91
93
90
85
89
90
93
84
85
87
88
:
91
96
94
91
92
94
94
96
93
99
104
102
99
100
102
102
104
101
96
100
92
105
110
108
105
106
108
108
110
107
102
106
109
114
112
109
110
112
112
114
111
106
110
115
124
120
129
118
127
115
124
116
125
118
127
118
127
120
129
117
126
112
121
116
125
Foreign currencies acquired by the U.S. Government
without payment of dollars
Foreign currency transactions, sujnnary and country 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 financial condition
Statements of income and retained earnings
Statements of source and application of funds..
Regular Governmental activities:
Statements of financial condition
Federal credit programs:
Direct sales and rep\n*chases of loans
Loans outstanding, excluding interagency loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund
Federal Old-age and Survivors Insurance Trust Fund. .
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Trust Fund
Federal Supplenentary Medical Insurance Trust Fund..
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of specified trust accounts
127
128
128
129
:
it U.S.
Government Printing
Office:
1973—0-545-961/6
128
132
130
126
161
162
129
129
155
156
129
131
132
165
166
167
167
168
168
169
170
171
159
160
161
162
163
163
164
166
167
128
123
130
124
139
140
141
142
143
131
132
133
134
135
143
L44
136
137
138
139
U6
147
ii
I
DEPARTMENT OF THE TREASURY
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
BUREAU OF ACCOUNTS
OFFICE OF THE COMMISSIONER
FISCAL SERVICE.
WASHINGTON,
TREAS
D.C. 20226
OFFICIAL BUSINESS
BUY
AND
HOLD
UNITED
S
TAT
E S
SAVINGS
BONDS
-
553
|
Treas.
U. S. Treasui-y Dept.
Treas.
HJ
10
.A2
U. S. Treasury Dept.
AUTHOR
Treasury Bulletin,
July
-
December 1973.
DATE
LOANED
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