Full text of Treasury Bulletin : December 1974
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Treasury Bulletin
December 1974
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
December 1974
I
CONTENTS
Article
- Treasury Financing Operations.................................................. ... V
FEDERAL FISCAL OPERATIONS
FFO-1.
- Summary of Fiscal Operations................................................... ... 1
FFO-2.
- Budget Receipts by Source;.................................................... ... 3
Chart
- Budget Receipts by Source..................................................... ... 5
FFO-3.
- Budget Outlays by Agency...................................................... ... 6
FFO-4.
- Undistributed Intragovernmental Transactions..................................... ... 7
FFO-5.
- Budget Outlays by Function.................................................... ... &
FFO-6 .
- Investment Transactions of Government Accounts in Federal Securities................ ... 10
FFO-7.
- Trust Funds Transactions...................................................... ... 11
FEDERAL OBLIGATIONS
FO-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class...,
13
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
Object Class................................................................ ...13
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency..... ...14
FO-4.
- Gross Obligations Incurred Outside the Federal Government Comparative Statement
by Months.................................................................. ...15
ACCOUNT OF THE U.S. TREASURY
UST-1.
- Status of the Account of the U.S. Treasury..........................................16
UST-2.
- Analysis of Changes in Tax and Loan Account Balances.............................. ...17
UST-3.
- Summary of Cash Transactions through the Account of the U.S. Treasury............... ...18
UST-4.
- Gold Assets and Liabilities of the Treasury.............................. ....... ...18
MONETARY STATISTICS
MS-1.
- Money in Circulation.............................................................19
FEDERAL DEBT
FD-1.
FD-2.
- Summary of Federal Debt....................................................... ...20
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing. Public Debt... ...20
FD-3.
FD-4.
- Interest-Bearing Public Debt................................................... .. 21
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt... .. 21
FD-5.
- Government Account Series..................................................... .. 22
FD-6 .
- Interest-Bearing Securities Issued by Government Agencies.............................23
FD-7.
- Participation Certificates.... ................................................ .. 24
FD-8 .
- Debt Subject to Statutory Limitation............................................ .. 25
FD-9.
- Status and Application of Statutory Limitation................................... .. 26
FD-10.
- Treasury Holdings of Securities................................................ .. 27
II
Treasury Bulletin
CONTENTS
PUBLIC DEBT OPERATIONS
PDO-1.
- Maturity Schedule of Interest-Bearing Public Marketable Securities..................
28
PDO-2.
- Offerings of Treasury Bills....................................................
29
PDO-3.
- New Money Financing through Regular Weekly Treasury Bills..........................
PDO-4.
- Offerings of Public Marketable Securities........................................
PDO-8 .
- Foreign Series Securities.....................................................
32
34
37
40
42
45
PDO-9.
- Foreign Currency Series Securities..............................................
52
PDO-5.
- Unmatured Marketable Securities Issued at a Premium or Discount.....................
PDO-6 .
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities......
PDO-7.
- Disposition of Public Marketable Securities......................................
UNITED STATES SAVINGS BONDS
SB-1.
- Sales and Redemptions by Series, Cumulative......................................
SB-2.
- Sales and Redemptions by Periods, All Series Combined.............................
SB-3.
- Sales and Redemptions by Periods, Series E through K..............................
SB-4.
SB-5.
- Redemptions of Matured and Unmatured Savings Bonds................................
- Sales and Redemptions by Denominations, Series E and H Combined.....................
54
54
55
57
5#
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods...............................................
59
OWNERSHIP OF FEDERAL SECURITIES
OFS-1.
0FS-2.
- Distribution of Federal Securities.............................................
- Estimated Ownership of Public Debt Securities....................................
60
61
TREASURY SURVEY OF OWNERSHIP
TS0-1.
-p Summary of Federal Securities..................................................
62
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution....
63
TS0-3.
TS0-4.
- Interest-Bearing Marketable Public Debt Securities by Issue........................
- Securities Issued by Government Agencies........................................
63
65
TS0-5.
- Securities Issued by Government-Sponsored Agencies and D.C.........................
66
MARKET QUOTATIONS ON TREASURY SECURITIES
MQ-1.
- Treasury Bills...............................................................
70
MQ-2.
- Treasury Notes...............................................................
70
MQ-3.
Chart
- Treasury Bonds...............................................................
- Yields of Treasury Securities..................................................
71
72
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields of Long-Term Treasury, Corporate and Municipal Bonds.................
73
III
December 1974
CONTENTS
Chart
- Average Yields of Long-Term Treasury, Corporate and tonicipal Bonds................. ...74-
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve Assets.......................................................... .. 75
IFS-2.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
Liabilities to All Other Foreigners............................................ .. 76
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area.................................................................... .. 77
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes...................................... .. 78
IFS-5.
- U.S. Position in the IMF...................................................... .. 79
IFS-6 .
- U.S. Net Monetary Gold Transactions with Foreign Countries......................... .. BO
IFS-7.
- Weighted-Average of Exchange Rate Changes for the Dollar............................. 81
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY BANKS - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign Holder................................. .. 84
CM-1-2.
- Short-Term Liabilities by Type of Liability...................................... .. 85
CM-1-3.
- Short-Term Liabilities by Country.............................................. .. 87
CM-1-4.
- Short-Term Liabilities, by Type and Country...................................... .. 88
CM-I-5.
- Short-Term Liabilities, Not Regularly Reported Separately............................ 89
CM-I-6 .
- Long-Term Liabilities by Type.................................................. .. 90
CM-1-7.
- Long-Term Liabilities by Country............................................... .. 91
CLAIMS ON FOREIGNERS REPORTED BY BANKS - U.S.
CM-II-1.
- Short-Term Claims by Type..................................................... .. 92
CM-11-2.
- Short-Term Claims by Country................................................... .. 93
CM-II-3.
- Short-Term Claims, by Type and Country.......................................... .. 94
CM-11-4.
- Long-Term Claims by Type....................................................'...
CM-II-5.
- Long-Term Claims by Country...................................................... 96
95
CM-II-6 . - Long-Term Claims, by Type and Country........................................... .. 97
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-III-1. - Liabilities by Type.......................................................... .. 98
CM-III-2. - Short-Term Liabilities by Country.............................................. .. 99
CM-III-3. - Short-Term Liabilities, by Type and Country...................................... .. 100
CM-III-4. - Long-Term Liabilities by Country.................................. ............... 101
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
- Claims by Type............................................................... .. 102
CM-IV-2.
- Short-Term Claims by Country..................................................... 103
CM-IV-3.
- Short-Term Claims, by Type and Country.......................................... .. 104
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type.............. .. 105
CM-IV-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country............ .. 105
CM-IV-6 . - Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country... .. 106
CM-IV-7. - Long-Term Claims by Country...................................................... 107
Treasury Bulletin
IV
CONTENTS
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities.......................
108
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities........................
108
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Government Bonds and Notes...............
109
GM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Government Bonds and Notes.............
110
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds..............................
Ill
CM-V-6 .
- Net Foreign Transactions in Domestic Stocks by Country............................
112
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country.....................
113
CM-V-8 .
- Net Foreign Transactions in Foreign Stocks by Country.............................
114
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date....................
115
CM-V-10. - Foreign Purchases and Sales of Long-Term Securities, Latest Year....................
116
FOREIGN CREDIT AND DEBIT BALANCES IN BROKERAGE ACCOUNTS
CM-VI-1. - Foreign Credit Balances (Due to Foreigners)......................................
CM-VI-2.
,117
- Foreign Debit Balances (Due from Foreigners).....................................
118
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-1.
- Direct Sales and Repurchases of Loans...........................................
Cumulative Table of Contents
119
120
December 1974
Treasury Financing Operations
Tax Anticipation Bills
On November 14 tenders were invited for $2.25 billion,
or thereabouts, of tax anticipation bills to be dated De
cember 3, 1974, to mature April 16, 1975, and for $1.25 bil
lion, or thereabouts, of tax anticipation bills to be dated
December 5, 1974, to mature June 17, 1975. The bills will
be acceptable at face value in payment of income taxes due
April 15, 1975, and June 15, 1975, respectively. Tenders
for the April bills were opened on November 20, and for the
June bills on November 26.
Tenders received for the April bills totaled $4,904 mil
lion ofwhich $2,250 millionwas accepted, including $23 mil
lion of noncompetitive tenders. The average bank discount
rate was 7.426 percent.
Tenders were opened on November 13. They totaled $3,802
million, ofwhich $2,002 million was accepted, including $65
million of noncompetitive tenders. The average bank discount
rate was 7.362 percent.
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in November to
taled $19.5 billion. These issues were offered for cash and
in exchange for bills maturing in the amount of $18.7 bil
lion. There were three 13-week issues of $2.8 billion, one
13-week issue of $2.7 billion and four 26-week issues of $2.1
billion. Average rates for the new issues are shown in the
following table.
Date of issue
Tenders received for the June bills totaled $2,481 mil
lion, of which $1,256 million was accepted, including $30
million of noncompetitive tenders. The average bank dis
count rate was 7.521 percent.
The limits for noncompetitive tenders from any one bid
der were $500,000 for the April bills and $300,000 for the
June bills. Payment for the bills could not be made through
Treasury tax and loan accounts.
Strip Bills
On November 14 tenders were invited for additional amounts
of five outstanding series of Treasury bills, the weekly
issues maturing from December 12, 1974, through January 9,
1975, to an aggregate amount of $1,000 million, or therea
bouts, to be issued December 4.
Tenders were opened on November 21 and totaled $1,671
million, of which $1,001 million was accepted including $1
million of noncompetitive tenders. The average bank discount
rate was 7.527 percent, based on 22 days, the average number
of days to maturity for the five issues. The limit for non
competitive tenders was $250,000. Bidders were required to
submit a single price for each tender. Tenders had to be in
the minimum amount of $50,000 or in multiples of $25,000 over
that amount.
^2-Week Bills
On November 7, tenders were invited for $2,000 million,
or thereabouts, of 364-day Treasury bills tobe dated Novem
ber 19, 1974, and to mature November IS, 1975. The issue was
offered for cash and in exchange for bills maturing in the
amount of $1,801 million.
Annual average rate
(bank discount basis)
13-week
1974
Nov.
7
14
21
29
7.880
7.604
7.535
7.328
26-week
7.856
7.552
7.428
7.369
Treasury Bills - General
Treasury bills are sold on abid basis. The face amount is
payable without interest at maturity. They are issued in
bearer form only, and in denominations of $10,000, $15,000,
$50,000, $100,000, $500,000, and $1,000,000 (maturity value).
Tenders are received at Federal Reserve banks and branches.
Each tender must be for a minimum of $10,000. Tenders over
$10,000 must be in multiples of $5,000.
Bankifig ins oi but ions generally nrny pubmit tenders for
account of customers. Tenders may be made without deposit
by incorporated banks and trust companies and by responsible
and recognized dealers in investment securities. Tenders
from others must be accompanied by payment of 2 percent of
the face amount of bills applied for, unless the tenders are
accompanied by an express guaranty of payment by an incorpo
rated bank or trust company.
Noncompetitive tenders (without stated price), usually
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
the average price
accepted competitive bids for an issue.
VI
Treasury Bulletin
Treasury Financing Operations—Continued
Payment for accepted tenders must be made or completed
on the date of issue, in cash or other immediately available
funds or in a like face amount of Treasury bills maturing on
that date. Payment for 13-week, 26-week, and 52-week bills
may not be made by credit in Treasury tax and loan accounts.
Foreign Series and Foreign Currency Series
Foreign series securities issued in November totaled
$2,892 million, consisting of twenty-three certificates of
indebtedness. Redemptions for the month totaled $2,911 mil
lion. At the end of November, foreign series securities out
standing totaled $21,525 million.
(Details are shown on
page 50 .)
Foreign currency series securities issued in November
consisted of four notes denominated in Swiss francs equiv
alent to $540 million. Redemptions for the month also to
taled an equivalent of $540 million. At the end of Novem
ber foreign currency series securities outstanding totaled
an equivalent of $1,599 million and were all denominated in
Swiss francs. (Details are shown on page 53 .)
December 1974
.FEDERAL FISCAL OPERATIONS,
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Budget receipts and outlays
Means of financing - net transactions
Borrowings from the public - Federal securities
Fiscal year
or month
Net
budget
outlays
2/
Net
budget
receipts
1/
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1975 (Est)
1973-Oct..
Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Fiscal 1975 to
Budget
surplus
or
deficit
1-2
(l)
(2)
(3)
116,833
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
264,932
294,039
118,430
134,652
158,254
178,833
184,548
196,588
211,425
231,876
246,526
268,392
305,439
-1,596
-3,796
-8,702
-25,161
3,236
-2,845
-23,033
-23,227
-14,301
-3,460
-11,400
23,105r
22,099
19,686
23,671
21,030
22,905
22,273
23,981
24,172
17,642r
20,209
21,987
23,476
20,226
16,818
29,657
19,243
31,259
20,938
23,620
28,377
19,633
92,570
24,411
25,408
24,712
26,460
100,991
-5,463*
-1,891
2,302
-195
-804
-6,086
7,384
-4,739
7,087
-3,472
-1,787
3,666
-6,827
-8,421
Public
debt
securi
ties y
Agency
securi
ties
(5)
704
4,041
5,079
5,944
-10,150
-1,739
-347
1,269
216
903
1,826
5,687r
2,279r
6,796r
22,476r
7,526r
17,198
27,211
29,131
30,881
16,918
19,797
1,037
1,561
5,861
-1,714
2,503
3,813
-2,597
2,773
385
1,109
6,447
-326
-1,242
5,989
Invest
ments of
Govern
ment ac
counts y
Total
borrowing
from the
public
4+5-6
(6) 2,330
3,244
9,035
5,320
8,522
10,062
7,417
8,420
11,822
14,813
9,123
31r
273
-174
12
-17
394
37
-28
29
-126
-56
-167
-242
-328
-369
2,558
-929
2,674
-103
-58
2,736
4,299
-660
4,108
-1,061
-2,205
-590
182
(7)
4,061
3,076
2,838
23,100
-11,146
5,397
19,448
19,442
19,275
3,009
14,455
Changes in cash and monetary assets (Deduct)
U.S. Treasury
operating cash,
gold balance
and other
SDR
Other
1/
3/
Gold Tranche
Drawing
Rights 2/
s /v
(8)
(9)
1,594
-260
-4,571
-1,094
760
1,746
826
1,668
2,068
-3,380
557
290
771
-8
245
l,397r
2,202
3,128
-2,615r
-1,114
5,665
-773
-162
4,309
-2,502
8
-3,886r
1,644
2,283
569
721
424
-3,050
932
3,635
-5,712
2,859
-2,705
-1,012
3,244
-6,445
5,217
-6,918
W
15/
16/
17/
(10)
371
259
-5
1,859
808
-1,536
-208
1,079
-1,264
91
217
-9
6
32
32
7
48
24
111
-87r
46
-36
151
24
-57
752
-613
51
(11)
381
-447
-342
538
644
802
-908
-988
50
525
-713
-281
406
-384
54
10
11
138
65
6
67
166
8
22
356
343
23
-972
744
Selected balances, end of period
Means of financing-net transactions - (Cont)
Federal securities
Fiscal year
or month
Other means
of financing
w
Transactions
not applied to
year’s surplus
or deficit 21/
Total Budget
financing
7-8-9-10
-11+12+13
U.S.
Treasury
Account
5/ 12/
(13)
98
629
813
367
10,407
-961
(14)
1,596
3,796
8,702
25,161
-3,236
2,845
23,033
23,227
14,301
3,460
(15)
12,710
12,450
7,879
6,785
7,544
‘ 9,291
10,717
11,785
13,854
10,473
13,854
(16)
313,8l9r
3l6,097r
322,893r
345,369r
352,895r
370,094r
397,305r
426,435r
457,317r
474,235r
493,433r
6,722
5,608
11,273
11,696
46l,651r
463,212r
469,073r
467,359r
469,862r
473,675r
471,078r
473,850r
474,235r
ll,495r
11,760
11,586
11,598
11,581
11,975
475,344
481,792
481,466
480,224
11,895
11,831
11,664
480,224
Public debt
securities
2/
1965.......
1966.......
1967.......
1968.......
1969.......
1970.......
1971.......
1972.......
1973.......
1974.......
1975 (Est)....
1973-Oct....
Nov....
Dec....
1974-Jan....
Feb....
Mar....
Apr....
May....
June...
July..
Aug....
Sept...
Oct....
Fiscal 1975 to
date...... I
(12)
-217
-359
132
2,997
-284
-22
482
3,103
4,958
-3,921
-1,290
-939
1,297
-208
-778
-2,116
677r
-859
354
1,867
-1,510
2,943
-440
-959
24
957
-510
-144
-187
-484
-285
3
-463
-276
-868
-666
830
-2,256
400
-593
-727
49
-2,675
Footnotes on following page.
*
-1,155
11,400
5,463r
1,891
-2,302
195
804
6,086
-7,384
4,739
-7,087
3,472
1,787
-3,666
6,827
8,421
8,646
9,579
13,213
7,502
10,473
7,40;
6,37;
9,877
3,256
1|
3,256
Agency
securities
12/
(17)
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
Investments
of Govern
ment accounts
Held by the
public
16+17-18
(18)
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
148,929
(19)
261,614
264,690
267,529
290,629
279,483
129,412
129,043
11,422
130,672
133,320
133,217
133,159
135,895
140,194
139,534
143,642
142,581
140,376
343,734r
345,930
349,058
348,285
348,123
352,432
349,931
349,939
346,053
347,706
349,980
350,549
351,270
11,422
140,376
351,270
12,012
14,540
12,012
11,984
12,012
131,602
284,880
304,328
323,770
343,045
346,053
359,045
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS,
Footnotes to T able FFO-1
Sou-’2e: Monthly Statement of Receipts and Outlays of the U.S. Gov
ernment. Based on revised estimates of the 1974 Budget released
June 12, 1974 before the Senate Finance Committee on the public debt
limit, and the 1975 Budget Document released February 4, 1974.
1/ See Table FPO-2.
2/ See Table FFO-3.
y
As of July 31, 1974, Public Debt outstanding has been adjusted to
exclude the notes of the International Manetary Fund to conform with
the Budget presentation.
4/ See Table FFO-6.
5/ Current fiscal year to date transactions sire on the Daily Statement
of the U.S. Treasury clearance date basis and are converted to
accounting date basis at June 30 (final) only. Prior fiscal year
amounts include transactions in transit as of June 30. For amounts
in transit see Table FF0-10 in the October 1974 Bulletin.
6/ Prior to July 1974, entitled: Within General Account of the
U.S. Treasury.
7/ Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
£/ Beginning July 1974, includes other transactions previously under
Within Ger^al Account of the U.S. Treasury.
2/ Represents activity for the International Monetary Fund.
10/ Includes: public debt accrued interest payable and beginning in
fiscal 1974 only that portion which is payable to the public; deposit
u/
13/
U /
.
,
iZ/
*
funds; and miscellaneous asset and liability accounts, and beginning
July 1974 other transactions previously presented under Within
General Account of the U.S. Treasury,
Includes: seigniorage; increment on gold; fiscal 1969 conversion of
certain corporations to private ownership; fiscal 1970 reclassifica
tion of CCC certificates of interest; fiscal 1974 conversion of
interest receipts of Government accounts to an accrual basis; and net
outlays of off-budget Federal agencies, (Export-Import Bank since
August 17, 1971, rural electrification and telephone revolving funds
since May 12, 1973, postal service fund since July 1973 and Federal
Financing Bank since July 1974).
Prior to July 1974, entitled: General Account of the U.S. Treasury.
Includes U.S. Treasury operating cash, gold balance and other.
See Table FD-6.
Excludes other transactions for July 1974 reported in columns 10
and 12 with amounts of -$228 million and -$16 million, respectively.
Excludes other transactions for August 1974 reported in columns 10
and 12 with amounts of -$489 thousand and -$17 million, respectively.
Excludes other transactions for September 1974 reported in columns
10 and 12 with amounts of $217 million and $42 million, respectively.
Excludes other transactions for October 1974 reported in columns 10
and 12 with amounts of -$157 million and -$19 million, respectively.
Less than $500,000. r Revised.
December 1974
3
_ _ _ _ _ FEDERAL FISCAL OPERATIONS__________
Table FFO-2. - Budget Receipts by Principal Sources
(In millions of dollars)
Income taxes
Net
budget
receipts
Fiscal year
or month
1965............
1966............
1967............
1963............
1969............
1970............
1971............
1972............
1973............
1974............
1975 (Est.)......
Withheld
1/
36,840
42,811
50,521
57,301
70,182
77,416
76,490
83,200
98,093
112,092
n.a.
116,$33
130,856
149,552
153,671
187,784
193,743
188,392
208,649
232,225
264,932
294,000
1973-Oct.........
Nov.........
1974-Jan.........
Feb.........
Mar.........
May.........
June........
July........
Aug.........
Oct.........
Fiscal 1975
to date..........
Corporation
Individual
Net
total
Refunds
Other
48,792
55,446
61,526
£8,726
87,249
90,412
86,230
94,737
103,246
118,952
131,000
4,869
5,851
7,845
9,527
10,191
13,240
14,522
14,143
21,866
23,952
n.a.
16,820
18,486
18,850
20,951
27,258
26,236
24,262
25,679
27,019
30,812
n.a.
17,642r
20,209
21,987
23,476
20,226
16,818
29,657
19,243
31,259
20,939
23,620
28,377
19,633
8,756r
9,811
8,887
9,296
9,508
9,664
9,959
10,088
10,615
10,227
10,223
9,755
10,106
550
261
362
5,076
945
2,186 '
11,118
1,204
4,077
957
491
4,323
561
92,570
40,311
6,332
Gross
Net total
income
taxes
Net
total
Refunds
26,£31
30,834
34,918
29,897
38,338
35,037
30,320
34,926
39,045
41,744
n.a.
670
761
946
1,232
1,660
2,208
3,535
2,760
2,893
3,125
n.a.
25,461
30,073
33,971
28,665
36,678
32,829
26,785
32,166
36,153
38,620
44,500
74,253
85,519
95,497
97,390
123,927
123,241
113,015
126,903
139,398
157,571
175,500
711
66
115
45
1,851
8,631
6,313
5,651
462
378
229
130
78
9,235r
10,006
9,134
14,327
8,601
3,219
14,764
5,641
14,231
10,806
10,485
13,947
10,590
1,515
939
6,201
1,722
1,066
5,887
5,893
1,318
9,269
1,796
1,084
6,082
1,717
462
287
105
160
248
338
430
218
237
310
256
435
511
1,053
652
6,096
1,562
819
5,549
5,463
1,100
9,033
1,485
828
5,647
1,206
!0,288r
J.u,bi>8
15,230
15,889
9,420
8,768
20,226
6,741
23,263
12,291
11,313
19,594
11,795
815
45,828
10,678
1,512
9,165
54,994
1
Social insurance taxes and contributions
Employment taxes and contributions
Fiscal year
or month
Old-age, disability, and
hospital insurance
Gross
Refunds
Net
total
Gross
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975 (Est.).......
16,915
20,206
27,328
28,672
33,956
38,600
a , 237
45,559
54,166
65,016
n.a.
192
228
282
263
605
386
518
447
479
535
n.a.
16,723
19,978
27,046
28,409
33,351
38,214
40,719
45,111
53,687
64,481
n.a.
636
684
777
815
885
920
981
1,009
1,190
1,412
n.a.
1973-Oct.........
Nov.........
Dec.........
1974-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June.........
July.........
4,134
5,351
3,640
4,591
7,072
5,157
5,977
7,792
4,889
4,997
7,556
5,657
4,525
4,134
5,351
3,640
4,591
7,072
5,157
5,977
7,256
4,889
4,997
7,556
5,657
4,525
10
227
121
18
222
130
16
249
146
8
256
11
34
22,735
309
Sept.........
Oct..........
Fiscal 1975
22,735
Footnotes at end of table.
.
-
-
535
-
-
Unemployment insurance
Railroad retirement accounts
Refunds
*
*
*
1
*
*
*
1
1
*
n.a.
-*
*
*
*
*
*
*
*
-
-*
*
1
_*
-*
Net total
Gross
17,359
20,662
27,823
29,224
34,236
39,133
41,699
46,120
54,876
65,892
75,092
3,826
3,783
3,665
3,351
3,335
3,471
3,682
4,370
6,070
6,863
n.a.
4
8
6
6
7
6
8
13
19
26
n.a.
3,819
3,777
3,659
3,346
3,328
3,464
3,674
4,357
6,051
6,837
6,592
10
227
121
18
222
130
16
249
146
8
257
11
34
4,144
5,578
3,761
4,609
7,294
5-,287
5,994
7,505
5,036
5,005
7,813
5,668
4,558
218
826
91
245
761
98
558
2,196
21
420
1,365
63
1222
1
1
1
1
*
2
7
6
3
2
2
1
1
217
825
90
245
761
96
552
2,190
18
418
1,363
62
221
309
23,044
2.070
6
2.064
Net
total
636
683
776
814
885
919
980
1,008
1,189
1,411
n.a.
Refunds
Net
total
4
Treasury Bulletin
yF.ny.RAT.
f is c a l o p e r a t io n s
Table FFO-2. - Budget Receipts by Principal Sources —Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
Fiscal year
or month
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975 (Est.)....
Federal
Federal
supple
employees
mentary
retirement
medical
insurance
_
1,065
_
1,111
1,201
647
698
1,334
1,426
903
936
1,735
1,916
1,253
2,058
1,340
2,146
1,427
2,302
1,704
n.a.
n.a.
1973-Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
Oct......
Fiscal 1975 to "1
date ....... | [
Other
employees
retirement
151
131
131
152
142
138
147
145
145
160
153
154
154
198r
186
164
222
202
194
200
190
184
195
212
232
201
3
3
4
4
2
5
5
4
3
3
3
3
8
622
839
17
Airport and airway trust fund
Gross
Refunds
Net
total
Gross
Refunds
11,011
9,362
9,461
9,827
10,681
10,519
10,643
10,562
9,995
9,884
n.a.
99
217
183
127
96
167
133
1,056
158
141
n.a.
10,911
9,145
9,278
9,700
10,585
10,352
10,510
9,506
9,83*
9,743
n.a.
564
650
760
842
n.a.
2
1
2
2
n.a.
5,721
6,896
10,036
5,386
5,781
9,544
6,120
5,142
895
839
1,014
739
621
716
865
800
877
958
707
895
870
14
13
10
15
-3
13
23
11
10
881
826
1,003
724
624
704
14
14
9
15
789
866
945
693
886
856
75
79
64
69
74
67
65
58
75
76
78
79
71
26,586
3,430
52
3,378
304
22,258
25,567
33,349
34,622
39,918
45,298
48,578
53,914
o/+,542
76,780
86,129
1,081
1,129
1,867
2,052
2,253
2,701
3,207
3,437
3,614
4,051
4,445
352r
321
298
378
346
338
351
340
332
358
368
389
363
4,713r
6,724
4,149
5,232
8,400
' 1,478
Excise •
taxes - Continued
Fiscal year
or month
Net
social
insurance
taxes and
contri
butions
Total
16
18
19
20
24
29
37
39
41
45
n.a.
Excise;taxes
Miscellaneous excise taxes
Contributions for other
insurances and retirement
Estate and gift taxes
842
Customs duties
Highway trust fund
Net total
excise
taxes
Gross
Refunds
Gross
Refunds
Net
Total
1965.........
1966.........
1967.........
1968-..........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975 (Est.)__
3,782
4,037
4,652
4,493
4,861
5,386
5,664
5,635
5,818
6,384
n.a.
123
120
212
114
224
32
123
313
153
123
n.a.
3,659
3,917
4,441
4,379
4,637
5,354
5,542
5,322
5,665
6,260
n.a.
14,570
13,062
13,719
14,079
15,222
15,705
16,614
15,477
16,260
16,844
17,329
2,746
3,094
3,014
3,082
3,530
3,680
3,784
5,490
4,976
5,101
29
28
36
31
39
36
49
54
59
66
n.a.
1973-Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.....
Oct......
503
636
468
470
634
455
503
659
1,459
1,563
1,536
1,263
1,315
1,211
1,275
1,391
1,423
1,517
1,415
1,475
1,401
459
468
336
461
427
470
379
444
375
424
459
358
376
466
545
496
496
645
501
475
_
-22
_*
-
16
15
98
2
14
_
1
-
468
470
618
440
368
544
482
496
644
501
475
Net
total
Gross
563
649
758
840
n.a.
-
75
78
64
69
73
67
65
58
74
76
78
79
71
*
304
1
-
_
1
*
*
*
*
_
*
_
Miscellaneous receipts
Refunds
Net
total
Deposits of
earnings by
Federal
Reserve
banks
All
other
n.a.
2,716
3,066
2,978
3,051
3,491
3,644
3,735
5,436
4,917
5,035
5,600
1,478
1,811
1,972
2,113
2,387
2,494
2,657
3,394
3,308
3>444
n.a.
35
45
71
75
68
64
66
107
120
110
n.a.
1,442
1,767
1,901
2,038
2,319
2,430
2,591
3,287
3,188
3,334
3,700
1,372
1,713
1,805
2,091
2,662
3,266
3,533
3,252
3,495
4,845
n.a.
5
6
4
6
5
5
8
7
5
6
6
6
6
454
462
333
455
423
465
371
437
370
418
453
352
370
302
309
233
309
247
285
294
309
311
332
364
312
355
10
8
9
6
9
8
8
14
10
7
9
7
8
291
301
224
304
239
277
286
295
301
325
355
305
347
394
414
409
397
427
379
543
286
468
44r
87
106
-63
1
-2
59
57
49
463
489
491
503
144
51
51
75
Fiscal 1975 to !
5,798
1
2,116
1,617
24
date.......... 1 2,117
Source: Mnnt.viy statement of Receipts and Outlays of the U.£. (jovernment.
Based on revised estimates of the 1974 Budget released June 12, 1974
before the Senate Finance Committee on the public debt limit,
l/ Includes individual income taxes designated for the* Presidental Election
Net
total
222
162
303
Net total
miscel
laneous
receipts
247.
158
325
380
426
1,594
1,875
2,108
2,491
2,908
3,424
3,858
3,633
3,921
523
n.a.
5,369
5,781
400
437
501
515
334
429
377
602
343
517
607
540
543
578
1,332
1,363
31
321
2,268
1,947
Campaign Fund. Prior to February 1974, these taxes were included in
"Other”.
* Less than $500,000.
n.a. Not available, r Revised.
1,593
BUDGET RECEIPTS BY PRINCIPAL SOURCES
Fiscal Years 1965 - 1975
$Bil.
Total
■Fiscal Years -
p .
m
.
Comparison first
-four months fiscal years 1974 and 1975
*
'O
200
$Bil.
100
- Individual Income Taxes
120
0
It
1965
.■III
1969
1967
1971
4^
1975
1973
100
Social Insurance
Taxes and Contributions
100
*3
W
o
w
m
>
r4
M
CZ>
n
>
r*
o
w
»
>
hH
o
2
CO
1965
1967
1969
1971
1973
1975
Excise Taxes
20-
40
— Corporation T a x e s .
&&&%::
■
1965
■
■
ifffiiff
*:%v.y
SW*:* m m
SSSK
1967
1969
1971
1973
1975
1967
1969
1971
1973
1975
20
O ther
0 — aisasii
1965
1967
1969
1971
1973
1975
1965
Source: Monthly Statement of Receipts and Outlays of U.S. Government-for actual amounts see preceding Table FFO-2
i/ Includes estate and gift taxes, customs duties and miscellaneous receipts.
Treasury Bulletin
6
_____ FEDERAL FISCAL OPERATIONS^— —
Table FFO-3. - Budget Outlays by Agencies
(In millions of dollars)
Defense Department
Legis
lative
Branch
The
Judi
ciary
1965........ ...
1966..........
1967..........
1968..........
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975 (Est)......
162
181
240
255
277
340
384
487
540
625
734
73
76
86
91
109
128
142
173
183
205
315
1973-Oct.......
Nov.......
47
53
59
58
55
77
46
52
37
14
19
18
16
15
16
34
1
40
Sept......
Oct.......
67
68
42
88
18
3.8
16
22
Fiscal 1975 to
date.........
265
74
Fiscal year
or month
1974-tfan.......
Feb.......
Mar.......
Apr.......
May.......
July. *.... .
Military
Civil
Health,
Education,
& Welfare
Department
45,969
54,167
67,453
77,373
77,870
77,150
74,546
75,150
73,297
77,625
84,547
l,2li'
1,278
1,310
1,300
1,268
1,211
1,376
1,530
1,703
1,682
22,732
27,959
34,608
40,576
46,594
52,338
61,866
71,779
82,042
93,735
2,856
2,777
4,140
1,529
2,603
2,890
3,642
3,592
4,786
1,739
110,959
6,080
661
432
235
837
1,136
225
1,256
-2,236
^,881
-5,472
6,535r
6,647
6,123
6,690
6,285
6,662
6,703
7,170
7,095
167
172
120
127
128
111
149
6,313
7,062
6,745
7,246
125
177
211
198
7^15
7,463
7,383
7,996
7,862
8,164
8,416
8,665
8,871
8,688
8,808
8,846
9,040
383
42
286
317
242
229
282
326
420
688
760
681
573
112
148
-249
-918
72
58
-2,014
94
-1,391
216
178
•203
-130
137
132
126
177
149
156
152
166
164
146
202
159
173
582
595
613
879
866
946
862
870
843
952
848
736
763
515
27,366
711
35,383
2,702
466
680
3,299
Veterans
Adminis
tration
Other
independ
ent
agencies
y
Executive
Office
of the
President
Funds ap
propriated
to the
President
Agricul
ture De
partment
Commerce
Depart
ment
24
26
28
28
31
36
47
55
3,889
4,385
4,872
4,913
4,967
4,774
4,540
4,269
3,733
4,015
6,795
5,513
5,841
7,307
8,330
8,307
8,560
10,943
10,028
9,767
8,876
4,749
4,670
726
807
854
1,028
1,188
1,250
1,368
1,455
284r
352
75
332
341
338
262
270
1,087
-59
80
397
302
799
1,161
137
1,209
547
682
534
792
484
131
129
103
143
107
115
105
125
152
384
346
616
763
723
2,109
W
75
121
;
4,773
4
7
5
6
6
7
5
10
11
7*
6
7
5
22
1,719
Treasury Department
Fiscal year
or month
State
Depart
ment
Transpor
tation
Department
-833
3,273
2,625
2,403
2,264
2,466
2,450
2,453
2,275
2.392
2.393
2,307
3,014
701
763
1,114
2,032
4,073
694
461
557
566
659
1,058
507
770
802
863
2,445
2,403
2,476
2,530
2,396
2,490
2,465
2,514
2,537
1,318
163
-106
1,530
126
150
1,706
149
2
190
.201
203
171
.209
230
235
233
345
99
108
93
107
90
566
266
167
328
2,687
2,657
• 2,715
2,714
1,580
-105
192
1,463
115
229
233
266
119
107
139
165
-23
-16
-14
19
-38
-158
-56
-101
-19
-296
-10
-24
-170
2,942
10,772
3,131
842
529
-500
9,313
1973-Oct...
Nov...
Dec...,
1974-Jan...,
Feb...,
Mar...,
Apr...,
May...,
June •
60
63
77
62
26
46
64
42
29
166
66
74
66
758
768
663
JL
5,708
5,960
6,845
6,858
7,669
8,653
9,756
10,710
11,968
13,337
87
413
-327
82
336
206
31
275
6,792
6,674
7,182
793
373
5,091
5,932
5,423
4,721
4,247
3,749
3,381
3,422
3,311
3,252
11,346
12,014
13,391
14,573
16,588
19,304
20*959
21,849
24,167
29,319
31,500
785
793
5,428
5,732
5,970
6,417
7,247
7,531
8,183
8,112
JL
300
-242
131
413
425
446
501
589
468*
-276
Other
384
410
419
424
437
448
468
568
591
730
Fiscal 1975 to
date.......
National
Aero
nautics
& Space
Admin.
Interest
on public
debt 2/
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
.
1974...*....
1975 (Est).
July...
Aug...,
Sept..,
Oct....
General
Services
Admin.
Atomic
Energy
Com
mission
L
Environ
mental
Protection
Agency
Source: See Table FFO-1.
‘Note:
Outlays consist of disbursements less proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts
are shewn in this table beginning with the period of such shifts;
figures prior to the shifts have been adjusted.
1/ Figures prior to the fiscal 1967 represent expenditures for the Federal
Aviation Agency.
124
108
103
117
166
246
Housing &
Urban De
velopment
Department
Interior
Depart
ment
3^5
366
403
430
515
640
916
1,180
1,531
1,797
2,137
3,109
3,286
3,272
3,475
4,356
7,923
10,033
8,639
8,966
Justice Labor
Depart Depart
ment
ment
Undistribut
ed intragovernmenta]
transactions
14,160
4,364
5,085
6,554
7>337
4,890
7,246
8,879
9,886
11,449
12,945
14,855
-3,109
-3,364
-3,936
-4,499
-5,117
-6,380
-7,376
-7,858
-9,893
-10,927
249
246
221
251
231
252
293
278
447
1,056
1.191
1,141
1,202
1,086
1.191
1,163
1,177
1,014
1,197
770
949
1,006
466
925
933
920
1,377
-850
-717
-816
-929
-677
-898
-867
1-763
.-1,007
216
247
267
281
1,256
1,234
1,145
1,217
1,356
2,309
1,424
1,365
-967
-778
-1,026
-961
1,012
4,852
6,454
-8,379
-3,733
11,643
Total
118,430
134,652
158,254
178,833
184,548*
196,581
211,425
231,875
246,526
268,392
305,439 f/
23,105r
22,099
19,686
23,671
21,030
22,905
22,273
23,981
24,172
24,411
25,408
24,712
26,460
100,991
2/ Reported on an accrual basis.
Includes the U.S. Postal Service.
For content see Table FFO-4.
1/ Includes $866 million estimate for special allowances for pay raises
and contingencies
r Revised.
2/
lj
7
December 1974
_ _ _ _ _ _ FEDERAL FISCAL OPERATIONS
Table FFO-4. - Undistributed Intragovernm ental Transactions
(In millions of dollars)
Interest credited to certain Government accounts
federal employer contributions to retirement funds
Fiscal year
or month
Health, Education,
and Welfare Dept.
Other
1/
Total
Health, Education, and Welfare Department
Defense
Department
Soldiers *&
Airmen1s
Home
Permanent
Fund
Federal Old-Age
and Survivors
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
282
353
475
510
611
728
727
742
816
911
978
1,042
1,090
1,181
1,310
1,401
1,709
1,876
2,018
2,101
1,756
1,847
4
4
5
5
6
8
8
9
10
652
15
1,329
1,447 •
1,661
1,825
2,018
2,444
2,611
2,768
2,927
3,319
2,840
3
3
3
3
3
3
3
3
3
4
6
582
587
721
894
1,009
1,346
1,617
1,718
1,848
2,039
2,109
65
59
64
83
140
221
324
388
435
479
498
62
62
60
1
1
1
1
1
1
1
463
180
257
246
221
306
284
278
283
269
407
_
-
27
49
866
6
49
14
43
46
875
1
5
220
*5
86
85
85
85
85
194
184
160
220
197
192
197
-279
142
78
78
80
74
152
166
188
151
40
41
41
45
271
286
309
269
2
-
5
51
16
40
310
657
167
1,134
2
112
1965.........
1966.........
1967.........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974..........
1975 (Est.)....
1973- Oct......
Nov......
Dec......
1974-Jan......
Feb......
Mar......
Apr...... i
May......
June.....
July.....
Aug......
Sept.....
Oct......
Fiscal 1975 to
date......... 1
Fiscal year
or month
Civil Service
Commission
Interior
Department
Indian
Tribal
Funds
1
-
3
Interest credited to certain Government
Transportation Veterans Administration
Department
National
Government
Life
Service
Unemployment Highway
Insurance
Life
Trust Fund
Trust Fund
Fund
Insurance
Fund
Labor
Department
255
309
380
439
517
601
637
496
487
650
11
8
14
34
53
115
I84
206
247
415
34
33
30
32
32
31
31
32
31
31
182
191
198
211
225.
245
271
292
309
338
482
546
622
706
805
987
1,232
1,464
1,566
1,838
1975 (Est.)....
20
775
465
31
374
2*,031
1973-0ct......
*
*
-3
-
17
21
241
2
40
9
21
27
230
2
42
8
21
9
10
156
1
2
3
8
8
208
1
3
8
11
*
*
15
*
*
*
*
*
15
*
*
*
*
1
*
157
2
6
*
1
*
162
2
6
*
1
-
73
24
*
10
July.....
Aug......
Sept.....
Oct......
Fiscal 1975 to
'late......
Source:
See Table FF0-2.
1/ Includes receipts from off-budget Federal agencies to the Civil Service
Retirement and Disability Fund as of May 1974.
2/ Beginning fiscal 1974 includes adjustment of interest on public
_
-
7
46
61
94
138
183
190
198
406
500
15
21
23
12
17
29
43
77
70
1
1
161
3
7
6
7
10
204
1
1
30
1
2
2
2
3
33
2
1
7
1
*
8
2
2
13
12
5
Other 7 j
Total
Grand
Total
1,780
1,917
2,275
2,674
3,099
3,936
4,765
5,089
5,452
6,574
7,140
3,109
3,364
3,936
4,499
5,117
6,380
7,376
7,858
8,378
9,893
9,980
593
471
595
623
393
621
584
494
600
697
492
717
692
850
717
816
929
677
898
867
763
1,007
967
778
1,026
961
2,598
3,733
*
8
3
4
6
222
*
Civil Service
Commission
Railroad
Civil Service Retirement
Retirement and Board
Disability
Fund
8
10
9
7
5
15
10
8
18
5
.1974-Jan......
Feb......
Mar......
Apr......
May......
June......
_
Federal
Supplementary
Medical
Insurance
Trust Fund
1
2
2
accounts - (Continued)
1965.........
1966.........
1967.........
1968.........
196 9
197 0
1971.........
1972.........
1973.........
1974.........
Dec......
Federal
Hospital
Insurance
Trust Fund
«
155
161
170
181
191
215
251
258
262
257
260
2
2
2
2
3
5
4
4
5
35
n.a.
3
63
6
9
3
9
97
1
19
1
2
9
93
1
19
2
3
525r
343'
-2,160
606
195
579
499
353
-2,260
681
295
663
602
81
26
2,241
7
29
805
3
65
6
-4
32
815
debt issues to convert to the accrual basis.
* Less than $500 000
n.a. Not available/
r Revised.
00
Table FFO-5. - Budget Outlays by Function
(In millions of dollars)
Fiscal year 1975
Fiscal year 1974
Function
Jan.
Feb.
7,113
-318
-2
6,804
-295
*
6,900
6,479
-400
-1
6,079
6,793
296
-14
282
278
-2
-*
238
-20
-*
276
255
-7
249
246
Oct.
Nov.
Outlays..............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
6,883r
-268r
5
7,137
-236
-*
Total national defense...............
6,620r
Comparable
Cumulative period
to date
FT 1974
Apr.
May
June
July
Aug.
Sept.
Oct.
7,286
-534
-*
7,661
-417
-1
6,509
7,129
-439
-4
6,686
6,752
7,243
9,006
-938
-6
8,062
6,692
-848
17
5,862
7,361
-451
-5
6,905
7,341
-449
-15
6,877
8,112
-458
-3
7,652
29,506
-2,205
-5
27,295
25,524
-1,146
1
24,379
377
-27
-*
295
-71
-*
346
-1
-*
342
-4
-2
316
-5
-
442
—40
-*
403
-34
266
-6
76
-14
-*
1,145
-53
-*
1,101
-29
-*
219
351
224
345
336
312
402
369
260
397
1
-*
398
62
1,092
1,072
225
-4
221
258
-7
233
-2
422
25
447
217
-*
247
-*
267
282
-*
1,012
231
297
-3
293
280
-2
251
254
-2
252
216
247
267
281
1,012
1,043
-9
1,034
Dec.
Mar.
National Defense
International affairs and fincance
Proprietary receipts from the public...
Intrabudgetary transactions...........
Total international affairs and finance
Space research and technology
Outlays..............................
Proprietary receipts from the public...
Total space research and technology....
246
278
-1
Agriculture and rural development
5
H
w
Proprietary receipts from the public...
507
-4
785
-4
-225
-3
761
-5
142
-4
208
-3
98
-9
316
-3
189
-6
-60
-*
-57
-4
23
-4
362
-4
267
-11
2,934
-15
Total agriculture and rural development
503
782
-228
756
138
205
89
313
183
-60
-61
19
358
256
2,918
3
o
Outlays..............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
560
-143
-*
548
-124
-*
473
-603
-*
663
-1,207
-*
240
-181
-*
908
-149
-*
608
-180
818
-90
-*
708
-428
-*
2,842
-821
2,170
-1,700
-1
696
-181
-*
-1
-1
£
§
RJ
417
424
-130
-544
58
759
919
-1,786
2
-865
620
-122
Total natural resources...............
644
-2,261
-1
-1,618
498
514
728
280
2,020
469
W
-71
1,261
932
-18
-2
912
1,076
-12
1,064
949
-25
-38
886
384
-18
-2
765
-16
-8
898
-19
-3
875
1,620
-29
-17
1,116
-17
-*
1,574
1,099
2,281
-21
-2
2,257
1,188
-24
-1
363
763
-14
-3
746
1,163
1,274
-25
-3
1,246
5,855
-87
-6
5,762
5,544
-59
-73
5,412
Outlays..............................
Proprietary receipts from the public...
462
-*
36
—*
332
_■*
198
-*
264
—*
373
-*
820
-*
752
-*
331
198
263
373
693
773
819
752
3,039
-1
3,038
2,863
-*
36
458
-6
452
773
-*
461
352
352
694
Total community development and housing
316
-*
316
956
807
-2
805
985
-2
983
933
1,038
-2
925
662
926
-*
925
662
-1
-*
838
-1
837
794
-
1,271
-2
1,270
855
-*
-*
3,412
-2
3,410
3,351
-3
3,348
Natural resources
428
Commerce and transportation
Outlays..............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
Total commerce and transportation.....
Hi?
741
§
§
CO
Community development and housing
2,863
Education and manpower
Outlays..............................
Proprietary receipts from the public...
Intrabudgetary transactions...........
Total education and manpower..........
-*
-r
956r
619
-*
619
-*
932
1,036
854
925
*
794
i
II
§•
Table FFO-5. - Budget Outlays by Function—Continued
§
(In millions of dollars)
Fiscal year 1974
Fiscal year 1975
Function
Oct.
Health
Outlays ........................
Proprietary receipts from the public....
Intrabudgetary transactions .........
Income security
Outlays ........................
Proprietary receipts from the public....
Intrabudgetray transactions .........
Total income security..............
Veterans benefits and services
Outlays .........................
Proprietary receipts fron the public....
Intrabudgetary transactions.........
Total veterans benefits and services....
Interest
Outlays.........................
Proprietary receipts from the public....
Intrabudgetary transactions.........
Total interest ...................
General government
Outlays ........................
Proprietary receipts from the public....
Intrabudgetary transactions..........
Total general government............
General Revenue Sharing
Expenditures ....................
Proprietary receipts from the public....
Total General Revenue Sharing........
Undistributed intraffovernmental transactions
Net budget outlays..................
Nov.
Dec.
Jan.
Feb.
Mar.
1,957
Apr.
May
June
July
2,424
-*
-181
2,276
-1
-175
2,100
2,228
-*
-184
Aug.
Sept.
Oct.
Comparable
Cumulative t>eriod
FY 1974
to date
*
vo
977r
-1
-174
803r
1,911
-*
-169
1,742
2,697
-*
-650
2,047
2,017
-2
-183
1,832
2,038
-1
-172
1,866
7,251r
6,632
_*
6,984
7,258
7,114
-53
7,235
-1
6,632
-497
6,4^7
1,099
-41
-*r
1,232
-39
1,175
-32
1,058
1,194
2,482
-14
-333
-1
2,420
-1
7,250r
-167
1,789
1,934
-1
-165
1,768
2,243
2,219
2,211
-1
-177
2,034
2,248
-1
-25
2,223
8,905
-2
-619
8,285
8,066
-*
-7
8,059
32,018
-1
-12
32,006
25,869
-1
4
25,872
4,341
-158
-1
4,182
2,044
**234
1,984
8,019
7,944
-3
7,941
7,990
_*
-1
7,989
6,823
-1
-666
6,155
7,740
8,776
-3
7,737
-932
7,668
-1
-92
7,113
7,523
-*
-2
7,520
7,844
7,575
-2
8,017
1,249
-44
1,133
-44
1,234
-40
1,203
-38
1,224
-44
_•*
1,055
-38
-*
1,300
-42
_*
1,274
-38
-*
1,184
-36
-*
1,260
-40
-*
1,143
1,204
1,088
1,194
1,165
1,180
1,017
1,258
1,236
1,147
1,220
5,018
-157
-1
4,861
2,540
-16
-170
2,406
67
-7
2,479
-14
-10
-1
2,560
-10
-167
-75
2,308
2,706
-6
-165
-11
2,525
2,733
2,466
2,531
-6
-8
-1
2,516
2,677
-1
-199
-*
2,353
2,522
-1
-7
-5
2,508
2,477
2,721
2,733
-12
-283
-4
2,433
10,848
-19
-657
-15
10,156
9,598
-17
-655
-4
8,923
3,064
-10
-2,400
655
508
-33
-9
466
786
-47
-12
727
758
-15
-12
731
548
-4
-15
529
2,600
-99
-48
2,452
2,287
-40
-53
2,195
*
*
6,211
-6,205
7
1,533
1,533
9,282
-6,205
3,077
9,058
2,135
2,401
2,490
-177
-84
-60
2,169
482r
8
-23
486r
479
-27
-14
438
543
-35
-11
498
668
5
-37
636
561
-21
-20
520
567
-48
-20
499
574
3
586
520
-12
-10
498
29
_*
1,532
1
-
-
-
-
-
29
_*
1,532
1
1,540
1,540
1
1
-*
_*
*
*
_*
1,538
1,538
-898
-867
-763
-1,007
-967
-778
-1,026
-961
-3,733
-3,223
22,905
22,273
23,981
24,172
24,411
25,408
24,712
26,460
100,991
88,602
-1
-7
-10
2,455
-10
D
M
S
3
O
1,495
1,495
-850
23,105r
-717
-816
-929
-677
22,099
19,686
23,671
21,030
-
H
Z
so
-6,055
3,003
Source:
Monthly Statement of Receipts and Outlays of the United States Government.
* Less than $500,000.
r Revised.
VO
Treasury Bulletin
FEDERAL FISCAL nPBPATinwa
Table FFO-6. - Investment Transactions o f Government Accounts in Federal Securities (Net)
(In millions of dollars)
--- Housing"arid Urban BeveldpriSttV
----
Health, Education and Welfare Department
Fiscal year
or month
Federal
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974 .........
1975 (Est.).....
1973-Oct........
Nov........
Dec...... ..
1974-Jan........
Feb........
Mar...........
Apr....... .
May........
June. .........
July ..........
Aug.
Sept. ..... ..
Oct........
Fiscal 1975 to
Federal
Supple
mentary
Medical
Insurance
Trust Fund
Federal
Disability
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
458
-858
3,741
1,584
2,898
3,953
1,274
1,827
2,298
2,217
1,091
-263
-413
296
591
1,121
1,342
1,263
934
792
391
87
786
497
87
590
693
377
-146
1,338
3,642
2,309
25
-563
655
-633
1,522
-124
273
-83
551
-10
-178
213
-61
86
99
4
-11
221
265
-58
930
226
65
375
327
194
249
-647
1,325
-252
-1,175
-68
4
-13
-144
13
181
304
-33
114
40
33
55
-26
50
12
19
28
22
107
29
-137
-749
-222
465
21
Survivors
Insurance
Trust Fund
Government National
Federal Mortgage Assn.
Housing Partici
Other Adminis pation
Other
tration Sales
Fund
_
*
*
*
*
*
-1
479
-197
77
-345
244
221
222
531
214
-161
-19
-9
-7
-8
-8
-6
-8
-4
1
-8
*
1
-3
*
29
*
2
-3
-1
55
34
2
22
15
21
-8
10
20
37
-13
48
22
-37
16
45
15
2
-1
-1
-1
-1
2
_*
-1
*
_*
5
_■*
3
-2
-
112
39
4
_*
*
n.a.
1124
_
_
-
-
_
-*
*
_
Veterans
Administration
Transportation
Department
Treasury
Department
Fiscal year
or month
Airport
Highway
Airway
Trust Func
Trust Fund
National
.Service
>Life In
surance
,Fund
_
3
-3
25
50
62
470
465
-369
197
-202
299
184
238
-194
-129
45
135
165
131
128
109
31
63
_
Federal
Insurance
Adminis
tration
Civil
Service
Commission
Other
32
28
14
1
6
5
n.a.
Federal
Savings
and Loan
Insurance
Corpora
tion
-17
14
-8
-10
-3
2
5
9
15
1
*
*
*
*
*
*
-*
_*
-■*
-410
n.a.
2
-7
-227
510
-93
-526
268
-639
-425
1,714
-72
-269
945
-508
-358
-5
4
-190
-
Postal
Service
Other
967
1,468
1,156
1,146
938
488
-1,747
-1,428
1,144
1,165
1
2
1
1
1
2
1
1
2
16
-15
1
2
_
-
Federal
Deposit
Insurance
Corpora
tion
'Unemploy
ment Trust
(Fund
Railroad
Retire
ment
Board
All
Other
_
_
_
_
—
-
Total
-59
388
723
-589
-747
-5
1,380
1,201
353
-566
n.a.
126
204
-109
224
5
86
83
62
272
178
214
6
40
-70
122
29 .
14
20
29
26
30
32
1,249
1,121
1,078
873
1,975
1,960
2,932
3,123
3,337
3,669
2,982
180
227
238
258
313
328
180
438
537
225
565
208
204
212
265
283
173
196
148
257
378
344
1,370
-280
-292
-200
149
154
173
135
59
268
-9
-110
24
-60
16
*
32
51
-21
-204
237
-145
26
67
110
104
2,330
3,244
9,035
5,320
8,522
10,062
7,417
878
n.a.
-344
-28
484
257
534
1,089
1,033
822
1,094
2,049
1,420
1973-Oct........
Nov........
Dec........
75
79
71
-39
176
272
68
275
2
-2
5
-56
11
101
-59
-95
39
61
31
13
81
6
15
43
17
17
69
7
8
-113
-545
-211
-186
-172
-16
-55
-306
288
-156
-7
-46
-111
-11
-64
-212
962
-28
-3
-2
-5
-3
-31
-93
639
59
-15
-97
-58
-53
3,198
-118
-15
-136
-76
-328
-369
2,558
116
412
199
21
234
11
232
295
-45
-67
-3r
-2
27
1
_*
-3
-4
-2
26
-2
3
11
69
73
67
65
58
95
76
78
79
71
-15
-4
141
-9
-4
-15
-18
-9
137
*
-8
-21
-19
-216
64
*
1974-Jan........
Feb........
Mar........
Apr........
May........
June.......
Jyly.......
Aug.
Sept.
Oct........
-52
125
-103
-28
33
9
4
-85
-434
32
13
10
12
209
928
-231
-34
-203
43
-273
-189
9
10
6
4
8
46
2
8
1
2
-929
2,647
-103
-58
2,736
4,299
-660
4,108
-1,061
-2,205
304
415
68
-48
-12
-345
-42
101
872
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974 .........
1975 (Est.).....
Fiscal 1975 to
date..........
_
_
_
_
_
_
Source: See Table FFO-2.
* Less than $500,000.
r Revised.
n.a.
Not available,
-622
12
8,420
11,821
14,813
9,123
182
Table FFO-7. - Trust Funds Transactions July 1, 1973 through October 31, 1974
<s
(In millions of dollars)
Receipts
Outlays
Interfund transactions
Classification
Total in
trust
funds
Trust
interfund
and pro
prietary
receipts
1/
(2)
(i)
Receipts
of trust
funds
Interfund
trans
actions
2/
(4)
(3)
Unified
budget
receipts
attrib
utable
to trust
funds
Total in
trust
funds
Trust
inter
fund
trans
actions
Propri
etary
receipts
from the
public
-
Federal Hospital Insurance......
(5)
(6)
(8)
(7)
Federal Employees Retirement....
17,245
344
16,901
18,117
(9)
(10)
-
-
18,117
-
(12)
(ID
(1*0
112
-
344
(15)
(16)
17,773
-872
-
2,269
44
2,225
2,500
-
-
2,500
-
31
13
-
44
2,456
-232
-
3,668
59
3,609
3,241
-
-
3,241
-
47
12
-
59
3,183
427
1,246
-
1,246
624
622
1,254
-
-
1,254
619
-
5
-
624
629
-7
1,774
7
1,767
911
856
2,214
7
-
2,207
*
824
81
5
911
1,296
-440
-
-
-
-
-
-110
-
-
-110
-
-
-
-
-
-110
110
H
O
H
S
-
All other trust.............
(13)
232
Federal Deposit Insurance
Military Assistance Advances....
Total
4/
2,269
Federal Employees Life and
General Revenue Sharing.........
Other
'O
Excess of
receipts
or outlays
(-)
3,668
Federal Supplementary Medical
!
Interest
and pro
fits on
invest
ments in
Federal
securities
Federal
employer
contri
butions
2/
Federal Old-Age and Survivors
j 17,245
Outlays
of trust
funds
Federal
payments
and c ohh
tributions
Unified
budget
outlays
attrib
utable
to
trust
funds
-
43
-
304
189
-
-
189
-
-
-
-
43
-
*
-
-
-
43
-43
-
*
-
*
189
115
-
304
-
304
*
6,205
-
6,205
-
6,205
3,077
-
-
3,077
-
-
-
-
-
3,077
3,127
2,140
-
2,140
24
246
1,672
-
-
1,672
-
-
24
-
24
1,648
468
65
65
-
-
-
-
-
65
-65
-
-
-
-
-
-65
65
1,424
1,424
-
-
-
768
-
1,424
-656
-
-
-
-
-
-655
655
-
-
975
-
-
20
-
20
955
-646
-
2,213
79
-149
-79
329
-
329
20
309
975
2,137
-
2,137
73
2,064
2,286
-
-
-
73
166
156
10
10
-
146
-
156
2,286
90
-
-
10
1
73
10
99
52
47
35
12
207
-
52
155
-
-
26
9
35
120
-108
39,071
1,704
37,367
2,144
35,223
36,681
7
1,696
34,978
619
1,134
376
15
2,144
32,833
2,390
Source: Based on Monthly Statement of Receipts and Outlays of the U.S. Government.
Note: The memorandum section of various tables in the Federal Budget presents the trust fund receipt
and outlay data on the same concept as columns (3) and (9) above. Trust interfund transactions
are payments from one trust fund to another trust fund and are excluded in calculating trust fund
receipts and outlays. The Intragovernmental transactions are payments from Federal funds to trust
funds, and vice-versa, but excludes trust fund payments to Federal Funds.
1/ For content see columns (7) and (8).
2/ For content see columns (10-13)
Includes net taxes and other receipts, mainly deposits by States and Federal
employee retirement contributions.
k / Excludes trust fund payments to Federal funds, such as charges for administrative
expenses of Social Security Act.
* Less than $500,000.
1/
a
co
0
£
§
1
M
CO
Treasury Bulletin
12
.FEDERAL OBLIGATIONS,
"Obligations" are the basis on which the use of funds
of categories which are based upon the nature of the trans
They axe recorded
action without regard to its ultimate purpose. All payments
at the point at which the Government makes a firm commitment
for salaries and wages, for example, are reported as per
to acquire goods or services and are the first of the four
sonnel compensation, whether the personal services are used
key events— order, delivery, payment,
in current operations or in the construction of capital items.
is controlled in the Federal Government.
consumption— which
characterize the acquisition and use of resources.
In gen
eral, they consist of orders placed, contracts awarded, ser
Federal agencies and firms often do business with one
vices received, and similar transactions requiring the dis
another; in doing so, the "buying" agency records obligations,
bursement of money.
and the "performing" agency records reimbursements. In Table
FO-1, obligations that are incurred within the Government are
The obligational stage of Government transactions is a
strategic point in gauging the impact of the Governments
distinguished from those incurred outside the Government.
Tables FO-2, 3, and k show only those incurred outside.
operations on the national economy, since it frequently rep
resents for business firms the Government commitment which
stimulates business investment, including inventory purchases
and employment of labor.
Disbursements may not occur for
months after the Government places its order but the order
itself usually causes immediate pressure on the
private
economy.
Obligations are classified according to a uniform set
Obligation data for the administrative budget fund ac
counts were first published in the September 1967 Treasury
Bulletin and the trust fund accounts were first published in
the October 1967 Bulletin.
Beginning with the April 1968
Bulletin, the data are on the basis of the budget concepts
adopted pursuant to the recommendations of the President's
Commission on Budget Concepts.
13
December 1974
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government by
Object Class, September 30, 1974 1/
(In millions of dollars)
Gross obligations incurred
Object class
Outside
Personal services and benefits
Personnel compensation.......
Personnel benefits...........
Benefits for former personnel.
Within
Total
10,952
1.747
2.747
10,952
833
2,747
Contractual services and supplies
Travel and transportation of persons.
Transportation of things.........
Rent, communications, and utilities..
Printing and reproduction.........
Other services....... ..........
Supplies and materials...........
423
455
651
48
8,89T
5,933
127
417
505
86
3,749
2,440
550
872
1,156
134
12,642
8,373
Acquisition of capital assets
Equipment..............
Lands and structures.....
Investments and loans.....
3,710
1,110
3,924
1,300
130
59
5,010
1,240
3,983
11,153
24,601
5,926
383
604
2,738
11,757
24,601
8,664
383
-195
1,675
21
261
333
66
2,008
21
83,244
13,662
96,907
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...............
Gross obligations incurred 2/.
Source: Reports on Obligations, Standard Form 225, from agencies.
1/
Table F0-4.
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 Government agencies without appro
priation action by the Congress. Summary figures on this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
presentation and therefore may differ somewhat from the Budget
document.)
Gross obligations incurred (as above)......
Deduct:
Advances, reimbursements, other income, etc.
Offsetting receipts...................
Net obligations incurred...............
92,907
17,569
12.522
62.816
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, September 30, 1974 1/
_________________ (In millions of dollars)____________________________________________
Major object class
Major function
Personal
services
and
benefits
9,590
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and Investments
structures and loans
Grants
and
fixed
charges
Other
Total
International affairs and finance...
85
43
1
2
Space research and technology......
133
635
9
12
1,262
633
-113
2,239
18
753
-3
2,573
National defense.................
12,605
3,505
551
96
1,575
27,922
185
74
389
*
-
789
Agriculture and rural development...
216
178
2
*
Natural resources................
630
796
96
283
Commerce and transportation........
651
332
41
43
145
1,611
-54
2,770
Community development and housing...
82
91
*
186
2,314
771
-
3,445
Education and manpower............
123
78
3
1
3
3,545
1
3,753
1
*
5,330
5,846
19,175
Health.........................
99
413
2
Income security.................
385
367
2
1
-
18,420
-
Veterans benefits and services.....
652
220
37
18
139
2,730
21
3,818
-
-
5,755
-
5,755
42
2,175
1
4,770
42,064
1,502
83,244
-
-
General government...............
1,885
645
11
12
Total.........................
14,532
16,403
3,710
1,110
Interest.......................
1/ See Table FO-4.
* Less than $500,000.
-
3,924
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, Septem ber 30, 1974 1/
(Bi millions of dollars)
Personal services & benefits
Classification
Legislative Branch £/..............
The Judiciary.....................
Executive Office of the President....
funds appropriated to the President:
International security assistance..
international development assistance
Benefits
Personnel Personnel for
benefits former
compen
sation
2/
personnel
38
7
2
7
Acquisition of
capital assets
Contractual services and supplies
Travel and
Rent, com Printing
Transpor
trans
munications , and
tation of
repro
portation
and
duction
of persons things
utilities
Other
ser
vices
3
#
*
1
*
#
*
1
2
*
#
-
*
1
*
_
19
5
7
14
8
l
2
125
101
124
112
3
15
7
l
*
2,751
1,951
*
139
96
112
*
_
*
2
*
_
_
#
_
_
-
-
1
*
Sup
plies
and
mate
rials
Lands
Equip and
struc
ment
tures
*
2
F SPORTS K )T r e c e :VED
*
*
*
1
4
1
20
*
34
*
113
38
5
«
-
Grants and fixed charges
Invest
ments
and
loans
Grants,
subsidies,
and con
tributions
-
*
_
-
_
_
-
#
179
117
1,146
7
22
1,740
90
12
Other
Insurance
Undistrib
Interest
claims
and
Refunds uted U.S.
and Indem
obliga
dividends
nities
tions
Obliga
Untions in vouchcurred
ered
abroad
-
•
-
1
-
_
_
_
_
_
_
_
-
48
-
•
"
-
•
•
„•
_
9
•
75
-
*
-7
3
-
_
-4 9
_
_
198
-6 5
•
-
1
1
21
Total
gross
obliga
tions
incurred
46
8
112
12
184
Agriculture Department:
l
389
ill
.
-
•
.
*
#
1
2
53
28
10
7
14
*
206
3,651
287
Defense Department:
Military:
2,154
2,496
2,330
3
1
1,466
#
131
89
49
10
*
7,252
818
1,4 70
279
379
448
26
269
Civil defense.................
Total military.................
Civil...........................
Health, Education, and Welfare
1
237
306
275
-
18
988
1 ,6 0 9
6
644
1,428
1,205
1,473
*
5,984
4,750
3,406
289
428
1,355
14
*
132
122
65
*
-
319
.
-
149
*
7
1
4
*
68
27
10
169
386
*
12
l
22
2
284
14
4
2
*
*
_
3
11
9
4
7
15
«
1
1
*
*
53
14
#
#
185
268
50
16
82
5
6
16
14
6
5
3
22
_
-
_
-
16
#
938
*
2
4
-
7
-
«
81
10
l
l
6.
14
-
-1
-
550
5
-
-
5,885
8,911
8,266
3,671
20
13
21
7
7
-1
1,574
*
26,753
3
1
_
•
_
_
2,435
18,600
609
11
*
*
2
1
*
*
*
440
21,762
Housing and Urban Development
Department:
Government National Mortgage
Other.........................
State Department..................
Transportation Department..........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
56
_
_
_
60
404
15
71
288
142
_
397
39
41
51
_
_
_
_
_
_
101
_
25
_
*
*
*
*
2
1
*
1,963
354
19
_
_
_
2
1
14
11
5
80
17
1
1
33
3
1
1
31
7
*
36
_
_
_
_
_
_
_
-
_
_
_
_
15
19
7
13
*
16
13
2
79
1
318
6
64
1
1
3
232
*
1
9
1
*
*
21
688
3
3
2
*
4
_
_
40
_
_
_
120
9
37
12
17
139
2
225
*
1 ,0 2 7
161
1,408
_
1,5^5
69
_
418
*
1,527
13
«
_
4
_
*
-
17
5
*
#
5.698
57
_
_
_
_
2,034
10
52
•#
1
-1
-7 0
_
*
-
_
_
-
-
1,28 1
1,026
l
54
-
*
-
.
•
_
_
_
_
-
5.698
57
1,5^5
597
1,048
488
470
21
-
789
3,813
201
2,733
313
2 ,0 0 6
National Aeronautics and Space
_
*
_
5
10
_
«
90
_
1
;
171
-
1,1 5 0
10,952
833
133
648
*
2
2
14
15
_
597
72
#
1
4
10
*
*
l
6
43
9
23
2
2 ,7 4 7
423
455
651
4
5
168
-
*
4
5
18
Other independent agencies:
18
Off-budget Federal agencies:
Export-Import Bank of U.S........
Postal Service..................
Rural Electrification Administration
1,834
*
-
#
_
*
43
22
-
-
2,324
67
-
19
-
688
4,835
24,601
5.926
383
-195
1,675
21
83,244
5
13
640
2 ,0 9 0
-
9
548
3.924
11,153
*
*
65
2
26
502
387
5
48
8,893
5.933
3,710
1 ,1 1 0
68
2
25
-
-
-
-
-
-
-
207
-
-
168
68
2
25
30
12
34
207
-
5
138
2
B SPORT NO P RECEI) ED
30
12
34
*
163
-
2,200
*
-
-
-
-
207
13
-
-
-
-
2.407
I
Total Off-budget Federal
1,834
S
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note:
Agency shifts are shown in this table beginning with the period of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ See Table FO-4
2/ For purpose of this report this object class is considered as totally within the Federal Government except
for the Department of Defense and Transportation Department, U.S. Coast Guard.
3/ includes reports for Library of Congress, Government Printing Office, and General Accounting Office only.
4/ Export-Import Bank since August 17, 1971, rural electrification and telephone revolving fund and Rural Tel
ephone Bank since May 12, 1973, and Postal Service since July 1, 1973*
*
Less than $500,000.
3
I3
S'
Table FO-4. - Gross Obligations Incurred O utside the Federal Government
Com parative Statement by M onths 1/
(In millions of d o l l a r s ) _________________
Fiscal year 1974
Object Class
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
2,251
278
412
2,291
260
4ia
1,777
237
416
2,816
377
441
1,656
153
445
2,139
218
441
2,389
257
454
2,273 ,
240
451 '
43
52
143
10
2,569
1,251
46
72
109
11
1,228
1,033
42
108
85
4
790
1,144
102
162
121
10
1,472
1,242
54
100
93
9
1,124
1,187
73
12
101
6
1,050
1,495
84
122
109
11
1,297
1,509
1,668
276
1,344
76
952
151
1,582
129
1,130
59
859
158
3
9
3
6
11
8
3
12
5
5
4
4
6
7
10
7
5
6
3
1
*
540
*
-*
585
*
8
505
*
-8
437
*
_*
182
*
6,928
9,558
7,434
6,154
1,180
6
16
1,154
2
720
1,113
5
45
45
8
72
25
660
265
45
19
86
14
676
345
34
Sept.
Total non-defense.
Grand total.....
May
June p
FT 1975
Comparable
Cumulative period
FY
1974
to date
July
Aug.
681
455
2,589
278
483
2,529
278
488
2,183
261
499
7,301
818
1,471
6,958
781
1,218
165
100
124
12
1,818
2,341
96
115
150
,
9
1 2,4^4
! 1,735
115
174
146
9
2,534
1,522
70
94
172
9
1,658
1,522
282
383
468
27
6,677
4,769
272
361
355
28
5,047
3,715
1,058
199
88
153
121
10 1
1,050 |
1,428 !
1
508
127
1,365
373
948
147
1,098
210
1,459
195
3,505
551
2,530
317
5
4
7
-16
2
5
-6
2
4
3
22 '
4
4
18
7
74
7
8
2
8
5
6
2
30
1
7
2
17
13
21
7
55
12
22
21
17
-7
879
*
-*
679
*
81
343
*
63
-2,246
*
639
*
-*
531
*
-1
406
_*■
-1
1,576
*
1,694
8,665
6,898
7,213
7,917
-1
388
*
6,871
9,712
9,700
9,667
8,554
27,922
23,347
1,208
6
28
1,123
6
88
1,205
2
25
1,210
9
36
1,283
6
40
587
5
24
2,058
5
1,858
1,159
5
83
l,330r
5
65
1,215
5
1,128
3,651
15
1,276
3,438
15
157
53
30
72
22
765
273
39
15
72
32
772
203
36
16
74
11
1,120
308
47
13
79
26
836
648
58
33
73
34
691
468
40
27
97
27
954
419
58
45
89
23
878
294
60
13
111
28
1,705
633
39
37
73
7
602
552
51
17
61
8
797r
300
50
18
49
6
844
309
141
72
183
21
2,217
1,164
129
66
220
101
2,057
1*092
1,274
89
378
351
55
247
599
51
81
680
45
149
1,335
85
70
1,666
255
322
770
65
220
1,656
145
234
1,554
137
329
2,056
60
;
205
•
! 1,774
86
197
683r
59
160
654
205
559
3,924
148
503
2,274
3,226
6,885
1,806
266
4,100
6,881
1,833
33
2,419
6,898
1,777
108
4,370
6,961
1,894
42
4,920
7,256
2,010
117
4,351
7,635
1,638
71
4,957
8,735
2,029
165
3,191
6,887
8,221
1,653
783
4,513
14,865
2,007
138
11,140
24,580
5,919
329
12,739
20,306
5,290
352
12
45
7
73
52
7
601
40
36
408
54
-22
-475
100
4
11
47
5
-697
129
7
4,207
1,986
2,044
79
-72
40
7
2,662r
8,230r
1,868
129r
887
84
6
5,131
8,360
1,715
166
-60
28
5
-73
47
7
-193
99
21
-2,123
185
19
16,888
16,791
14,612
17,127
19,056
18,025
19,906
20,179
17,650
25,976
| 12,887
16,46lr
26,003
55,322
46,967
26,348
22,046
23,282
27,720
24,923
27,119
28,096
24,520
35,689
22,587
26,128r
34,557
83,244
70,314
National defense;
Personal services and benefits:
2,028
Personnel compensation.....
413
Personnel benefits.........
:
405
Benefits for former personnel.
Contractual services and supplies:
76
Travel and transportation of persons.
127
Transportation of things.........
101
Rent,communications, and utilities... |
6
Printing and reproduction.........
Other services................. . 1,246
881
Supplies and materials........... 1
Acquisition of capital assets:
953
Equipment...............
132
Lands and structures......
Investments and loans.....
Grants and fixed charges:
2
Grants, subsidies, and contributions.
6
Insurance claims and indemnities...
6
Interest and dividends...........
4
Refunds....................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Total national defense.
Non-defense:
Personal services and benefits:
Personnel compensation.....
Personnel benefits.........
Benefits for former personnel.
.!
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things.........
Rent, 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 indemities....
Interest and dividends...........
Refunds............ .........
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered...............
Apr.
142
23,816
Excludes Agency for International Development.
Less than $500,000.
Preliminary.
Revised.
8,548
1,787
103
-1
82
5
-48
11
7
Sept.
-1
v*
16
Treasury Bulletin
.ACCOUNT OF THE U.S. TR E A SU R Y
Source and Availability of the Balance in the Account o f the U.S. Treasury
The working cash of the Treasury is held mainly in
‘Treasury's accounts with Federal Reserve banks and branches.
As the balances in these accounts become depleted, they are
restored by calling.in (transferring) funds from the tax and
loan accounts with thousands of commercial banks throughout
Treasury, banks are permitted to deposit in these accounts
proceeds from subscriptions to public debt securities entered
for their own account as well as for the account of their
customers.
The tax and loan account system permits the Treasury to
the country.
Deposits to tax and loan accounts occur in the normal
leave funds in banks and in the communities in which they arise
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
banks whereby customers of banks deposit with them tax pay
tions. In this way the Treasury is able to neutralize the
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government* securities.
economy.
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
money from a customer's account to the tax and loan account in
the same bank. On occasions, to the extent authorized by the
may be found in the Annual Report of the Secretary of the
Treasury for 1973, pages 282-285.
T able UST-1. - Status o f the A ccount o f the U*S. Treasury
Treasury operating balance i /
End of
fiscal year
or month
Available funds in
demand accounts at:
Federal
Reserve
Banks
Special
depositaries, Other
Treasury Tax deposi
and Loan
taries 2/
Accounts
1965.............
1966.............
1967..............
1968.............
1969.............
1970.............
1971..............
1972.............
1973.............
1974.............
1972-Dec..........
672
766
1,311
1,074
1,258
1,005
1,274
2,344
4,038
2,919
1,856
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
8,907
1973-Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June....... .
1,945
2,543
2,844
2,017
1,372
2,814
3,134
2,919
July.........
Aug..........
Sept.........
Oct..........
Nov..........
3,823
3,304
3,211
789
1,494
(In millions of dollars)
Funds in process
of co!Liection
throujgh:
Total
Federal
Reserve
Banks
Other
deposi
taries 2 '
139
106
88
310
11,469
10,917
5,695
5,298
5,894
8,045
8,755
10,117
12,576
9,159
11,073
233
370
577
352
393
355
419
252
243
276
121
179
117
135
104
2,666
7,760
7,628
5,579
6,915
8,576
3,226
6,152
70
70
69
69
69
89
88
88
4,681
10,374
10,542
7,665
8,.355
11,480
6,448
9,159
150
89
235
203
183
733
128
276
57
64
137
69
106
193
73
135
2,543
2,049
5,384
1,381
1,571
88
91
92
71
6,455
5,443
8,687
2,241
3,066
141
102
263
124
130
43
64
101
59
46
-
|
~
1
Source: Bureau of Government Financial Operations.
1/ 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
Time deposits
and other
depositary
accounts
Coin,
currency,
and coinage
metal
Miscel
laneous
items
Gold
Balance
y
Balance in
account of
the U.S.
Treasury
320
252
266
190
158
218
187
54
41
19
37
534
775
1,159
‘ 768
553
277
441
471
586
602
570
55
93
62
86
104
121
108
129
70
54
90
108
102
112
111
112
111
109
107
107
106
107
12,610
12,407
7,759
6,694
7,104
9,016
9,911
11,310
13,741
10,352
12,102
24
27
50
42
41
38
34
19
33
26
33
79
22
536
531
548
528
661
611
620
602
588
613
625
604
621
53
80
78
33
125
53
92
54
37
20
61
43
51
107
107
107
107
107
106
106
106
106
106
106
106
106
5,608
11,273
11,696
8,646
9,579
13,213
7,502
10,352
|
7,403
6,373
9,877
3,256
4,041
i_ .
Represents funds in process of collection by (a) the U.S. Treasury
and (b) commei*cial banks which have been authorized to defer credit
until 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.
17
December 1974
ACCOUNT OF THE U.S. TREASURY
Table UST-2. - Analysis o f Changes in Tax and Loan Account* Balances
(In millions of dollars)
Credits
Balance
Proceeds from sales of securities 2/
Fiscal year
or month
Savings
bonds
and
savings
notes 2/
196
196
196
196
196
197
197
197
197
197
5
6
7
8
9
0
1
2
3
4
1973-Nov.
Dec.
1974-Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept
Oct.
Nov.
Retire
ment
plan and
tax and
loss
bonds 2/
Tax
antici
pation
securities
2,635
2,704
2,783
2,673
2,599
2,573
2,844
3,309
3,261
3,095
2,340
7,368
7,643
9,538
10,408
13,043
6,954
6,443
4,413
8,255
211
200
337
330
292
296
293
233
259
272
237
275
260
1,939
1,351
Other
1,627
1,173
9,576
5,417
3,640
12,421
9,369
6,158
817
3,967
1
1,383
1,475
Taxes
Witheld,
excise
and cor
poration y
42,475
48,478
70,524
90,791
123,906
132,460
131,121
145,797
171,828
197,091
13,893
18,376
14,202
15,259
19,289
18,618
16,173
22,460
16,252
16,282
19,897
15,419
15,543
Source: Office of Fiscal Assistant Secretary; figures are on basis of
telegraphic reports.
1/ Special depositaries are permitted to make payment in the form of a
deposit credit for the purchase price of U.S. Government securities
purchased by them for their cum account, or for the account of their
.customers who enter subscriptions through them, when this method of
payment is permitted under the terms of the circulars inviting sub
scriptions 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 March 1968.
Taxes eligible far credit consist of those deposited by taxpayers in
the depositary banks, as follows: Withheld income taxes beginning
During period
Income (by
special
arrange
ment) 5/
12,598
14,522
9,257
Total
Credits
With
60,050
74,699
91,382 ‘
112,583
142,333
151,721
153,346
164,920
185,669
209,267
16,043
19,929
14,539
15,589
23,552
18,915
16,466
22,696
17,894
18,029
20,134
15,694
15,803
End of
period
High
58,540
75,338
97,160
112,741
141,921
149,317
152,900
164,645
184,874
211,545
10,689
10,050
4,272
4,113
4,525
6,929
7,372
7,634
8,433
6,152
10,872
11,274
9,979
8,004
9,720
7,990
8,532
10,251
10,854
9,340
1,844
447
710
1,029
709
894
846
1,737
800
520
5,431
'4,324
3,775
4,191
4,329
4,022
5,146
5,648
5,644
3,913
17,156
14,831
14,674
17,644
22,213
17,254
21,813
19,773
21,501
18,524
16,797
19,699
15,621
2,666
7,760
7,628
5,579
6,915
8,576
3,226
6,152
4,781
7.760
8,343
6,906
6,915
8,576
9,340
6,800
2,544
2,049
5,386
1,381
1,563
7,249
3,098
5,536
4.760
2,408
892
961
3,432
2,731
1,563
520
3,226
844
1,740
626
694
165
7
2,536
3,691
5,778
4,438
4,215
3,557
5,496
3,374
3,355
2,152
3,069
1,499
937
drawals
Low
Average
March 1948; taxes on employers and employees under the Federal Insur
ance 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, 1968
and FUTA taxes beginning April 1970.
J5/ Under a special procedure begun in March 1951, authorization was given
during certain periods 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 proce
dure was discontinued in April 1967.
18
Treasury Bulletin
_
ACCOUNT OF THE U.S. T R E A SU R Y _ _ _ _ _ _ _ _ _ _
Table UST-3. - Summary o f Cash T ransactions through
the Account o f the U.S. Treasury
As stated In the November Bulletin, no additional
figures will be provided after publication of September
data, due to major adjustments to the format of UST-3,
contemplated as a result of the complete revision of the
Daily Statement of the U.S. Treasury.
Table UST-4. - G old Assets and L ia b ilities o f the Treasury
(In millions of dollars except ounces)
Gold Assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1965..........................
1966..........................
1967..........................
1968..........................
1969..........................
1970..........................
1971..........................
1972..........................
1973..........................
392,380,431.8
375,974,390.9
342,331,278.6
296,199,012.3
296,202,494.6
306,630,399.9
289,490,759.6
273,950,419.3
273,954,660.5
13,733 y
13,159
11,982
10,367
10,367
10,732
10,132
1973~Nov .......................
Dec.......................
273,954,594.8
273,954,660.5
273,954,675.0
273,954,679.0
273,954,692.1
273,949,648.2
273,949,686.7
273,949,698.8
273,949,698.8
273,949,977.1
273,948,796.4
273,948,798.0
273,948,663.1 &
1974-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June......................
July......................
Sept......................
Oct.......................
Source:
Circulation Statement of United States Money through 1965;
Daily Statement of the United States Treasury 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 by 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,
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.
y
The United States payment of the $259 million increase in its gold
Balance of gold in
U.S. Treasury account
Dollars
11,567 5/
13,626
13,041
11,870
10,256
10,256
10,623
10,019
10,303
11,460
107
118
112
111
112
109
113
107
107
11,567
11,567
11,460
11,460
107
107
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
11,460
107
107
107
106
106
106
106
106
106
106
106
10,410 y
subscription to the International Monetary Fund, authorized by
P.L. 89-31, approved June 2, 1965 (70 Stat. 119) was made on June
30, 1965.
y
Gold assets were valued at $35 per fine troy ounce until May 8, 1972,
When they were revalued at $38 pursuant to the Par Value Modification Act,
P.L. 92-268, approved March 31, 1972. The increment amounted to $822
million.
%/ Gold assets were valued at $38 per fine trey ounce until October 18,
1973, when they were revalued at .$42.22 pursuant to the amending of
Section 2 of the Par Value Modification Act, P.L. 93-110, approved
September ?1, 1973. The increment amounted to $1,157 million.
6/ The end of month market value of gold was $184 per fine troy ounce.
19
December 1974
__ M O N E T A R Y S T A T I S T I C S _
Table MS-1. - Money in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
Federal
Reserve
bank
notes
National
bank
notes
Currencies presently
being issued %/
Gold
certifi
cates 2/
Silver
certifi
cates
Federal
Reserve
notes 2/
Treasury
. notes of
13
4
4
4
4
4
4
4
4
3
4
829
582,
395
225
223
220
218
215
213
212
214
4
1
1
1
1
1
1
1
1
1
1
*
*
*
1890
Total
currencies
United
States
notes
Federal
Reserve
notes i j
302
303
300
299
294
297
321
320
320
321
320
34,320
37,315
39,289
41,722
44,547
47,626
51,304
54,572
59,664
65,185
58,619
36,058
38,290
40,071
42,331
45,146
4^,223
51,922
55,184
60,273
65,793
59,229
68
64
61
59
57
55
54
53
52
- 51
52
22
21
21
21
20
20
20
20
20
20
20
51
51
51
20
20
4
4
4
213
213
213
1
1
1
*
*
*
321
321
321
60,790
61,991
64,130
$1,399
62,600
64,738
51
51
51
51
51
51
20
20
20
20
20
20
4
4
4
4
4
3
213
212
212
212
212
212
1
1
1
1
1
1
*
Feb.........................
Ma r .........................
Apr.........................
May.........................
June........................
321
321
322
322
322
321
61,529
62,114
62,766
63,712
64,610
65,185
62,138
62,723
63,37$
64,321
65,219
65,793
Jifly........................
Aug...................... .
Sept........................
Oct.........................
51
51
51
51
20
20
20
20
3
3
3
3
212
212
212
212
1
1
1
1
321
322
322
322
65,658
66,165
66,072
67,072
66,267
66,773
66,679
67,680
1965.......................
1970.......................
1971.......................
1972.......................
1974.......................
1972-Dec....................
1973-Oct.........................
Nov.........................
Dec....................
1974-Jan....................
A)
Coin
End of
fiscal year
or month
1967.......................
1970.......................
1971................ *......
1973............. :.........
1974.......................
1972-Dec....................
1973-0ct....................
Dec....................
1974-Jan....................
Feb....................
Mar....................
Apr....................
May....................
June...................
July...................
Aug............. ......
Sept...................
Oct....................
Dollar?
482
482
482
482
482
4§2
482
633
705
765
671
722
727
733
736
741
749
755
760
765
770
775
779
784
Fractional
coin
3,180
3,782
4,160
4,827
5,308
5,646
5,990
6,383
6,793
7,275
6,615
6,922
6,969
7,026
7,006
7,029
7,072
7,157
7,220
7,275
7,336
7,377
7,397
7,435
Source: Circulation Statement of United States Money through December 1965,
thereafter, Statement of United States Currency and Coin.
1 / Excludes gold certificates, Series of 1934', which are issued only to
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2 / Issued prior to July 1, 1929.
Total
3,662
4,264
4,6a
5,309
5,790
6,128
6,472
7,016
7,498
8,040
7,287
7,644
7,696
7,759
7,742
7,770
7,822
7,912
7,980
8,040
8,106
8,152
8,176
8,219
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
Total
money in
circula
tion
39,720
42,554
44,712
47,640
50,936
54,351
58,393
62,201
67,771
73,833
66,516
69,043
70,296
72,497
69,880
70,493
71,196
72,233
73,199
73,833
74,373
74,926
74,856
75,899 2/
Money in
circulation
per capita
(in dollars) 6/ •
204.14
216.10
224.55
236.82
250.65
265.39
282.03
297.84
322.08
348,42
317.17
327.27r
333.01
343.24
330.66
333.4&
336.54
341.27
345.63
348.42
350.71
353.06
352.46r
357.13
i j Issued on and after July 1, 1929.
£/ Excludes money held by the Treasury and money held by or for the
account of the Federal Reserve banks and agents.
6/ Based on the Bureau of the Census estimated population.
2/ Highest amount to date.
* Less than $500,000.
r Revised.
Treasury Bulletin
20
FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(In millions of dollars)
Securities held by:
Amount outstanding
End of
fiscal year
or month
Government accounts
Total
1/
Public
debt
securi
ties 1/
Agency
securi
ties
Total
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974 ............
1972-Dec..........
323,154
329,474
341,348
369,769
367,144
382,603
409,467
437,329
468,426
486,247
460,243
313,& 9
316,097
322,893
345,369
352,895
370,094
397,305
426,435
457,317
474,235
448,473
9,335
13,377
18,455
24,399
14,249
12,510
12,163
10,894
11,109
12,012
11,770
61,540
64,784
73,819
79,140
87,661
97,723
105,140
113,559
125,381
140,194
119,088
1973-Oct..........
473,139
474,973
480,659
478,957
481,443
485,650
483,090
485,834
486,247
461,651
463,212
469,073
467,359
469,862
473,675
471,078
473,850
474,235
475,344
481,792
481,466
480,224
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,012
11,895
11,831
11,664
129,412
129,043
131,602
130,672
133,320
133,217
133,159
135,895
140,194
139,534
143,642
142,581
140,376
Dec..........
197Wan..........
Feb..........
Mar..........
Apr..........
May.........:..
June ........
July.........
Aug..........
Sept.........
Oct.......... 1
487,239
493,622
493,130
491,646
11,422
Source:
Monthly Statement of Receipts and Outlays of the U.S. Government.
1/ Amounts of public debt securities outstanding have been adjusted to ex~ elude issues to IMF and other international lending institutions to
Public
debt
securi
ties
7>1',TO."
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
116,897
127,444
127,080
129,641
128,706
131,335
131,215
131,147
133,877
138,206
137,544
141,640
140,585
138,421
The public 2/
Agency
securi
ties
1
Total
46$
468
2,010
3,001
2,846
2,553
2,251
2,100
1,996
1,988
2,190
261,614
264,690
267,529
290,629
279,483
284,880
304,328
323,770
343,045
346,053
341,155
1,968
1,963
1,961
1,967
1,985
2,002
2,012
2,017
1,988
1,990
2,002
1,996
1,955
343,727
345,930
349,058
348,285
348,123
352,432
349,931
349,939
346,053
347,706
349,980
350,549
351,270
Public
debt
securi
ties
252,% 8
251,782
251,084
269,231
268,080
274,924
294,417
314,976
333,932
336,029
331,576
Agency
securi
ties
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,794
9,113
10,024
9,579
334,208
336,132
339,432
9,520
9,798
9,625
9,631
9,596
9,973
10,000
9,966
10,024
9,905
9,829
9*668'
9,467
338,654
338,527
342,459
339,930
339,973
336,029
337,800
340,152
340,881
341,803
conform with the budget presentation and ths 66tlr<S6' for this t&bl6«
2/ Includes holdings of Federal Reserve banks.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amounts in millions)
Computed annual interest rate
Marketable issues
Bills
Certifi
Federal
Notes
Treasury 2 / Financing cates
Bank
fiscal year
or month
Total
interestbearing
puDl.lv
debt 1/
Computed
annual
interest
charge 2/
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1972-Dec.........
313,113
315,431
322,286
344,401
351,729,
369,026
396,289
425,360
456,353
473.238
447,298
11,467
12,516
12,953
15,404
17,087
20,339
20,254
21,545
* 26,591
30,741
24,006
3.678
3.988
4.039
4.499
4.891
5.557
5.ia
5.093
5.872
6.560
5.402
3.^00
4.134
4.165
4.757
5.232
5.986
5.210
5.099
6.129
7.030
5.520
4.0^4
- 4.845
4.360
5.711
6.508
7.340
4.516
4.188
6.590
8.416
5.079
1973-Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr... .
’.....
May..........
June..........
July............
Aug....... .
Sept............
Oct........ .
Nov..........
462,076
467,827
29,177
29,514
29,646
29,423
29,760
29,836
30,560
30,7a
30,852
32,036
32,260
31,934
32,a o
6.377
6.371
6.382
6.337
6.358
6.409
6.529
6.560
6.596
6.779
6.816
6.761
6.790
6.847
6.820
6.838
6.765
6.793
6.845
7.006
7.030
7.036
7.316
7.338
7.294
7*278
8.144
8.073
8.116
7.886
7.914
8.072
8.321
8.416
8.397
8.650
8.777
Ena 01
466,273
468,629
472,622
480,087
472,741
473.238
474,334
480,740
480,103
479,174
484,150
Total
interestbearing
public
debt 1/
Total
8.646
8.a6
-
Treasury
bonds
4.851
5.250
-
-
-
_
-
_
_
_
-
-
_
_
-
8.631
8.631
8.631
8.631
8.631
..
‘Footnotes at end of Table FD-8.
Nan-marketable
6.519
6.312
6.a2
6.529
6.328
3M T
3.655
3.686
3.681
3.722
3.762
3.759
4.018
4.393
4.755
4.309
6.462
6.462
6.462
6.443
6.443
6.464
6.528
6.529
6.529
6.757
6.797
6.799
6.901
4.564
4.566
4.569
4.643
4.645
4.649
4.752
4.755
4.758
4.861
4:862
4.864 ‘
4.981
4.321
4.764
5.294
5.668
6.420
....
Other
, . ,j m ,
3.713
3.745
3.876
3.979
4.327
4.608
4.636
5.138
5.374
4.827
5.355r
5.338
5.337
5.295
5.308
5.341
5.400
5.374
5.363
5.375
5.435
5.418
15.517
Government
account
series j/
. "3 .TO--3.693
3.854
4.133
4.555
5.235
5.375
5.475
5.880
6.430
5.563
6.051r
6.130
6.128
6.160
6.156
6.238
6.324
6.430
6.540
6.630
6.676
6.563
6.631
21
December 1974
.FEDERAL DEBT.
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Nonmarketable
Marketable
End of
fiscal year
or month
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
1972-Dec.
1973-Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July,
Aug..
Sept.
Oct..
Nov..
Total
interest
bearing
public
debt
313,113
315,431
322,286
344,401
351,729
369,026
296,289
425,360
456,353
473,238
447,298
462,076
467,827
466,273
468,629
472,622
470,087
472,741
473,238
474,334
480,740
480,103
479,174
484,150
Foreign Government
Series
Total
Certif Treasury Treasury
bonds
icates notes
Bills
1/
204,695
$2,665
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
269,509
54,929
58,535
64,440
68,356
72,154
86,677
94,648
100,061
105,019
103,870
270,234
270,224
270,131
269,650
273,596
270,452
269,550
266,575
268,782
272,111
272,608
273,525
277,538
107,749
107,786
107,805
107,850
111,859
107,337
107,941
105,019
107,321
110,581
111,099
112,083
114,632
1,652
5,160
savings
bonds
Total
"52,5#
102,451
104,418
50,649
49,108
71,073
78,946
93,489
104,807
113.419
117,840
128.419
121,507
101,897
97,418
91,079
78,805
62,956
53,989
49,135
45,071
33,137
44,133
106,303
111,614
117,808
125,623
124,644
124.643
124.644
126,088
126,088
127,587
128,385
128.419
37,841
37,795
37,682
35,712
35,648
35,529
33,224
33,137
128.420
33,041
33,854
33,807
33,762
33,293
191,843
197,603
196,142
198,979
199,027
199,635
203,191
206,663
205,551
208,629
207,495
205,649
206,612
127,675
127,702
127,679
129,613
136,426
150,816
168,158
193,382
206,663
177,788
Invest
ment
series
Depos
itary
series
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55.921
59,418
61.921
57,579
T7& Z
2,692
2,589
2,516
2,459
2,387
2,347
2,310
2,275
2,271
2,305
44
45
30
28
25
23
22
60',326
2,275
2.273
2.273
2,272
2,272
2,272
2.271
2.271
2.271
2.271
2,270
2.269
2.269
16
16
16
16
16
16
16
16
16
17
17
17
17
60,317
60,497
60,798
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62*811
63,144
19'
16
22
Govern
ment
account
series
Other
Dollar
Foreign
denomi currency
nated 2 / denomi- ,
nated <2/
ttctt
T W
817
957
890
624
2,001
1,740
2,367
1,703
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
18,921
1,710
24,477
24,461
23,757
23,762
23,602
24,086
24,400
23,412
22,802
21,600
21,577
21,542
21,523
1.586
1.586
1,588
1,589
1,597
1.599
1.599
1.599
1.599
1.599
1.599
1.599
1.599
V
48,6#
141
137
97
282
564
1,656
3,389
1,322
1,407
2,002
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
95,948
1,304
102,195r
107,135
106,151
108,629
108,465
108,350
111,286
115,442
115,517
119,648
118,329
116,241
116,893
968r
1,814
1,861
1,912
1,977
1,931
1,961
2,002
1,163
1,155
1,169
1,172
1,168
¥
Source:
Monthly statement of the Public Debt of the United States.
2/ As of July, 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, and Treasury bonds beginning September 1964, sold to
foreign governments for U.S. dollars.
1 / 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.
4/ As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Government account series
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in Other column,
r Revised.
Table FD-4. - Maturity Distribution and Average Length o f Marketable Interest-Bearing Public D ebi.
(In millions of dollars)
Maturity Classes
End of
fiscal year
or month
Amount
outstanding
Within
1 year
years
1965..............
1966..............
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1972-Dec...........
208,695
209,127
210,672
226,592
226,107
232,599
245,473
257,202
262,971
266,575
269,509
87,637
8^,136
89,648
106,407
103,910
105,530
112,772
121,944
122,803
139,942
130,942
56,198
60,933
71,424
64,470
62,770
89,615
89,074
89,004
88,223
77,199
85,546
1973 Nov...........
Dec...........
1974-Jan...........
Feb.... .*......
Mar...........
Apr...........
May...........
June..........
July..........
270,234
270,224
270,131
269,650
273,596
270,452
269,550
266,575
268,782
272,111
272,608
273,529
277,538
139,433
141,571
141,590
141,444
145,453
140,905
142,864
139,942
142,245
142,900
143,400
144,373
143,381
83,817
81,715
81,716
79,045
79,045
80,570
77,165
77,199
77,200
79,366
79,361
79,369
84,730
Sept..........
Oct...........
I
,
Source: Office of Debt Analysis in the Office of the Secretary.
1 -5
;
5-10
years
20 years
and over
17,241
17,023
16,797
16,553
16,217
29,143
8,449
8,439
8,425
8,407
8,374
10,524
8,455
9,343
14,477
17,403
15,301
25,136
25,134
25,132
15,679
15,659
15,596
6,169
6,145
6,098
6,063
16,092
16,036
6,040
39,169
33,596
24,378
30,754
34,837
15,882
24,503
26,852
31,111
26,957
i
10 - 20
years
26,968
26,965
26,961
26,960
26,957
26,953
28,997
29,044
29,027
27,916
17,458
17,403
17,346
14,952
14,924
14,894
14,865
11,048
10,670
10,059
6,357
5,074
6,079
5,981
5,103
5,074
5,039
5,897
5,879
5,866
6,645
Average length
5 yrs. 4 mos.
4 yrs. 11 mod4
4 yrs. 7 mos,.'
4 yrs. 2 mos.
4 yrs. 0 mos.
3 yrs. 8 mos.
3 yrs. 6 mos.
3 yrs. 3 mos.
3 yrs. 2 mos.
3 yrs.
0 mo.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
2 yrs.
2 yrs.
3 yrs.
3 yrs.
2 yrs.
3 yrs.
3 yrs.
2 yrs.
3 yrs.
0 mo.
1 mo.
0 mo*.
0
0
11
11
0
0
mo.
mo.
mos.
mos.
mos.
mos.
11 mos.
0 mos.
0 mos.
11 mos.
1 mo.
Treasury Bulletin
22
FEDERAL DEBT
Table FD-5. - Government Account Series
(In millions of dollars)
End of
fiscal year
or month
1965..................
1966..................
1967................. .
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974...................
1972-Dec........ 1......
Feb...............
Mar...............
Apr...............
July..............
Oct...............
End of
fiscal year
or month
1965.................
1966..................
1967.................
1968................. .
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1972-Dec..............
1973-Nov..............
197Wan ............................................................
Feb..............
Mar..............
Apr...............
May..............
July.............
Aug...............
Sept.............
Oct...............
Total
Exchange
Stabilization
Fund
232
560
833
722
Federal
employees 1
retirement
funds
48,650
51,120
56,155
59,526
66,790
76,323
82,784
89,598
101,738
115,442
95,948
1,242
1,424
2,934
2,364
2,903
14,577
15,189
15,569
15,668
17,354
18,931
21,644
24,691
27,894
31,201
26,110
102,195r
107,135
106,151
108,629
108,465
108,350
111,286
115,442
115,517
119,648
118,329
116,241
116,893
42
2,869
2,824
2,855
2,868
2,875
2,793
2,364
2,381
2,396
2,410
2,426
2,438
27,599
28,249
28,265
28,224
28,105
28,026
27,949
31,201
31,071
30,984
30,849
30,749
30,495
-
Federal
Deposit
Insurance
Corporation
Federal
disability
insurance
trust fund
312
57
85
174
120
74
156
274
263
436
54
1,563
1,150
1,376
1,891
3,042
4,435
5,713
6,697
7,488
7,880
7,083
100
924
52
152
52
199
44
62
*
24
68
68
136
364
366
362
492
436
447
548
489
395
459
7,327
7,540
7,480
7,566
7,665
7,670
7,659
7,880
7,811
7,815
7,802
7,658
7,589
*
-
Federal Savings
and Loan
Insurance
Corporation
Government
life insuranc
fund
287
223
3
36
73
80
89
139
81
129
933
938
814
876
842
797
758
717
690
651
265
238
722
978
1,513
2,602
3,635
4,456
5,550
7,599
5,909
6,113
5,744
5,856
5,754
5,915
6,068
6,155
6,427
6,605
156
710
4,652
6,339
54
110
123
74
80
94
138
129
146
237
244
252
373
663
671
666
662
656
649
643
651
644
640
633
628
623
Highway
trust fund
6,333
6,605
6,721
7,133
7,332
7,354
7,588
7,599
7,831
8,126
8,081
8,014
8,141
National
service life
insurance
fund
6,382
6,524
6,514
6,511
6,496
6,478
6,469
6,605
6,605
6,597
6,576
6,557
6,549
Postal
service fund
_
Federal home
loan banks
-
-
-
•Railroad
retirement
accounts
Federal
hospital
insurance
trust fund
.
786
1,192
1,259
1,890
2,583
2,980
2,834
4,172
7,814
2,799
31,479
32,134
31,501
33,023
32,899
33,172
33,089
33,640
Unemployment
trust fund
Other
1/
287
188
802
583
772
497
842
1,133
1,899
3,536
1,727
3,333r
2,773
3,029
3,123
3,257
3,344
3,440
3,536
4,660
4,945
5,041
4,993
5,268
1,842
3,406
983
870
581
460
435
331
160
385
371
1,313
1,090
1,011
753
3,216
3,170
3,059
3,048
2,985
2,773
3,735
3,706
3,503
3,546
3,273
3>084
3,072
9,267
9,174
8,648
8,916
8,277
7,853
9,567
9,495
9,226
10,171
9,663
9,035
9,577
-
963
820
385
3,123
3,277
3,339
3,303 *
3,434
3,751
3,852
3,742
3,766
3,706
15,261
14,403
17,840
19,221
21,986
25,939
27,248
29,126
31,424
33,640
30,752
5,449
6,379
6,604
6,670
7,045
7,372
7,565
7,814
7,828
8,008
8,112
8,280
8,243
5,799
7,075
7,785
8,807
9,957
10,520
8,514
7,186
8,330
9,495
7,392
-
Federal
old-age and
survivors
„ insurance
trust fund
32,993
34,318
34,066
32,892
33,313
Certificates Trust; and Washington Metropolitan Area Transit Authority
Source:
Monthly Statement of the Public Debt of the United States.
from November 1972-March 1973; airport and airway trust fund beginning
Note:
Prior to July 1974 title of this table was Special Public Debt Issues.
•July 1973; Treasury deposit funds beginning with the July 31, 1974,
1/ Consists of Federal Housing Administration fund; Employees life
Monthly Statement of the Public Debt of the U.S.; Indian tribal
insurance funds; Veterans' special life insurance fund; Veterans' re
funds and individual Indian money for August 1974; and Pension
opened insurance fund; Federal supplementary medical insurance trust
Benefit Guaranty Corporation beginning November 1974.
fund beginning July 1966; Servicemen's group life insurance fund from
* Less than $500,000.
August 1969 - January 1973; Employees health benefits fund beginning
r
Revised.
October 1970; Export-Import Bank of the United States from February
1967- October 1968; General Services Administration Participation
23
December 1974
B-ienirPAT. np.BT
Table FD-6. - Interest-Bearing Securities Issued by Government
Defense
Department
End of
fiscal year
or month
Total
amount
Family Housing
outstanding and Homeasners
assistance
1/
(In millions of dollars)
Housing and Urban Development Department
Federal
Housing
Admini
stration
-
-
-
-
2,625
-
-
5
.
2;518
-
2,818
2,646
_
_
_
_
-
_
-
_
_
-
_
_
_
-
-
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4.370
1,797
3,269
4,079
5,887
1972-Dec.............
11,77Q
1,535
456
4,830
1973-Oct.............
Nov.............
Dec.............
ll,495r
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,012
11,895
11,831
11,664
11,422
l,455r
1,445
1,439
1,428
419
416
415
410
408
409
412
4,445
4,415
4,390
4,390
4,390
4,390
4,370
4,370
4,370
4,335
4,335
4,335
4,335
Oct................ *
408
1
403
405
411
414
-
-
_
-
1
Postal
Service
_
-
Tennessee
Valley
Authority
Other
Banks for
Federal hoim
cooperative* loan banks
1/
2/
250
250
250
*
*
3
3
3
3
3
3
3
3
1,805
2,338
2,475
1972-Dec.............
250
2,065
3
1973-Oct.............
Nov.............
Dec.............
1974-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June...... .
July.............
Aug.............
Sept.............
250
250
250
250
250
250
250
250
250
250
250
250
250
2,395
2,405
2,435
2,465
2,457
2,445
2,517
2,646
2,696
2,615
2,565
2,405
2,175
3
3
3
3
3
3
3
3
3
2
2
2
2
_
_
-
-
-
-
-
-
9
9
9
9
10
10
10
10
10
10
10
10
10
_
_
_
_
-
Memorandum - Interest -bearing
securities of non-Government agencies j j
225
285
417
525
728
996
1,355
1,855
2,255
2,696
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972..................
1973.................
2,529
2,893
3,363
3,779
-
2,643
2,643
3,043
3,043
2,897
2,894
2,893
2,893
2,893
2,893
-
Other independent
agencies - (Continued)
End of
fiscal year
or month
Federal
Home Loan
Bank Board
*
*
*
6
6
6
6
5
5
10
570
441
492
548
577
517
487
434
412
408
410
1/
Federal
Intermedi
ate credit
banks 2 /
709
881
1,072
1,230
2,183
2,112
2,036
1,951
1,863
1,775
1,683
1,588
1,484
1,382
1,415
1,407
1,398
1,382
1,386
1,370
1,358
1,343
Banks for*
cooperative!
1,022
1,385
2,164
2,571
2,472
1,893
2,625
1,819
2,221
2,894
9,335
13,377
18,445
24,399
14,249
12,510
12,163
10,894
11,109
12,012
1,420
Export-Impart
Bank of the
United States
Secondary
market
operations
1965.................
1966.................
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June.............
July.............
Aug.............
Sept.........
Other independent agencies
Farm Credit Administratioi
Federal
National
Mortgage
Assoc. 2/
Government
National
Mortgage
Association
Agencies
Source: Bureau of Government Financial Operations and Monthly Statement
of*Receipts and Outlays of U.S. Government.
1/ Includes unredeemed matured securities outstanding on which interest
has ceased.
g / Effective September 30, 1968, Federal National Mortgage Association.
was converted to private ownership pursuant to provisions of the
Housing and Urban Development Act of 1968 (P.L. 9O-448).
2 / Effective December 31, 1968, banks for cooperatives and Federal in-
Federal
intermediate
credit banks
1/
_
4,240
4,942
5,705
6,188
6,673
7,995
1,964
8,336
2,748
2,729
2,695
2,766
2,853
2,902
2,836
2,700
2,475
2,503
2,648
2,861
2,833
17,296
17,146
17,146
16,346
15,689
15,689
15,685
16,838
18,622
19,480
20,118
22,213
23,647
1,411
1,529
1,790
Federal
National
Mortgage
Association
i/ v
4,757
6,310
4,588
4,702
5,524
9,914
7,923
7,848
12,149
18,622
-
Federal
land
banks
_
-
District of
Columbia
Stadium
Fund
3,532
4,106
4,612
5,319
5,720
6,192
6,652
7,393
9,058
11,067
8,076
13,165
14,996
18,560
21,087
25,.232
20
20
20
20
20
20
20
20
20
20
5,873
8/027
17,239
20
6,961
6,956
6,932
10,062
10,062
10,062
10,272
10,506
10,506
11,067
11,067
11,067
12,006
12,007
12,007
12-65?
22,243
22,404
23,002
20
20
20
20
20
20
20
20
20
20
20
20
?0
7,031
7,121
7,263
7,514
7,708
7,995
8,356
8,518
8,655
8,647
23,131
23,093
23,517
24,029
24,317
25,232
25,878
26,640
27,312
on
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
For details of securities outstanding, see Table TSO-6.
j>/ Includes Federal Home Loan Mortgage Corporation mortgage backed
bonds beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
* Less than $500,000.
r Revised.
p Preliminary.
ij
24
Treasury Bulletin
.FEDERAL DEBT,
T able FD-7. - P articip ation C ertifica tes
(In millions of dollars - face amounts)
Agriculture
Department
Fiscal year
or month
Commodity Credit
Corporation
Sales
1965...........
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1973-Oct........
Nov........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May
June••••••••••
July.......
Aug........
Sept.......
Oct........
Participation certificates issued by GNMA acting as trustee
Export-Import Bank
of the United States
Retire Out
ments
standing
_
-
_
-
-
-
2,181
-
”
-
2,181
—
_
-
-
-
Farmers Home
Administration 1/
Total
_
_
-
—
Sales
Retire Out
Sales
ments
standing
450
761
255
398
1,411 V 650 y
570
533
369
321
268
608
42
327
—
_
-
_
-
_
173
2
150
-
1,022
1,385
2,146
2,183
1,814
1,493
1,226
618
576
249
300
1,840
2,900
3,250
1,330
-
574
574
_
-
-
•
401
399
399
399
399
249
249
249
249
249
249
-
Retire Out
ments
standing Sales
«
30
180
180
630
1,280
1,315
1,085
440
110
300
2,110
4,830
7,900
8,600
7,320
6,005
4,920
4,480
4,370
30
25
20
30
-
4,445
4,415
4,390
4,390
4,390
4,390
4,370
4,370
4,370
4,340
4,340
4,340
4,340
Retire Out
ments
standing
_
_
600
525
225
_
-
_
_
_
.
I84
401
80
168
24
-
_
_
_
_
-
_
_
-
-
_
-
_
_
600
1,125
1,166
765
685
517
493
493
493
493
493
493
493
493
493
493
493
493
493
493
493
Health, Education,
and Welfare
Department 2/
Sales Retire Out
ments
standing
_
-
_
_
3
3
2
6
2
-
_
_
_
_
...
_
-
_
_
-
100
100
15
_
_
_
_
_
_
“
_
_
100
200
212
209
207
201
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
'
Participation certificates issued lay GNMA acting as trustee - (Continued)
Housing and Urban Development Department
Fiscal year
or month
Office of Secretary 4/
Sales
1965....................
1966...........
1967...........
1968...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1973-Oct........
Nov........
Dec........
1974-Jan........
Feb........
Mar... .
Apr........
May........
June.......
Jifly.......
Aug........
Sept.......
Oct........
-
680
1,140
640
—
-
Retire Out
ments
standing
_
27
324
963
405
34
—
-
-
-
680
1,820
2,433
2,109
1,146
7a
707
707
707
707
707
707
707
707
707
707
707
707
707
707
707
Small Business
Administration 6/
Government National
Mortgage Association j>/
Out
Sales Retire
ments standing Sales
200
605
740
465
140
—
-
-
20
50
50
134
190
81
193
95
65
18
15
13
30
-
200
785
1,475
1,891
1,897
1,707
1,626
1,433
1,338
1,273
1,319
1,301
1,286
1,286
1,286
1,286
1,273
1,273
1,273
1,243
1,243
1,243
1,243
-
.
-
-
_
-
_
-
—
‘
Source: Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through Septenber 1972, the Agricul
tural Credit Insurance fund beginning October 1972, and the Rural
Housing Loan programs.
2 / Includes Construction of Higher Education Facilities, Health Profes
sions Education Fund, and Nurse Training Fund, beginning April 1968.
2/ Includes $107 million refunding transaction.
4/ Includes College Housing, Elderly Ifousing, and Public Facility
programs.
5/ Includes Special Assistance, and Management and Liquidating programs.
Retire Out
ments
standing
70
70
203
225
91
206
a
350
520
430
50
-
Veterans
Administration j /
350
800
1,160
1,007
782
691
485
444
444
444
444
444
444
444
444
444
444
444
444
444
444
444
Sales
Retire Out
ments
standing Sales
100
885
260
590
260
_
_
-
_
10
60
60
79
136
99
107
243
45
_
-
12
10
_
_
.
-
_
_
(Memorandum)
Commodity Credit Corp.
(net certificates of
interest authorized under
Charter Act) 8/
7
_
-
_
_
-
Retire Out
ments
standing
100
975
1,175
1,704
1,885
1,749
*1,650
1,543
1,300
1,255
42
436
167
_
667
_
_
_
_
~
_
_
_
99
1,284
1,272
1,262
1,262
1,262
1,262
1,255
1,255
1,255
1,255
1,255
1,255
1,255
_
_
.
_
_
_
_
_
_
_
_
_
419
855
1,021
923
1,590
_
_
_
_
„
_
_
-
-
_
_
-
**
_
_
-
Includes programs for Disaster Loans, and Business Loans and Invest
ments.
1 / Includes Direct Loan and Loan Guaranty, programs.
8 / In the case of Commodity Credit Corporation, participation certif
icates are called "certificates of interest" and are not Included in
the Participation Sales Act of 1966. Amounts shown as sales and re
tirements represent the net excess transactions for the period. On
July 1, 1969, the amount outstanding was reclassified as agency
securities.
y
December 1974
i
25
FEDERAL DEBT
.1-
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
Statutory
debt
limit
End of
fiscal year
or month
Interest-bearing debt
subject to limitation
Debt outstanding sub
ject to limitation
Total
Public debt
1/
Other debt
1 /2 /
Public debt
Other debt
Non-interest-bearing debt
subject to limitation
Public debt
1/
Other debt
1/
1965.................
1966.................
1967.................
1968.. ................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1972-Dec.............
324,000
328,000
336,000
358,000
377,000
377,000
430,000
450,000
465,000
495,000
465,000
317,581
320,102
326,471
350,743
356,93*
373,425
399,475
428,576
459,089
476,006
450,618
313,536
315,831
322,631
344,716
352,259
369,463
396,678
425,813
456,697
473,618
447,852
4,045
4,272
3,840
6,028
4,672
3,962
2,797
2,764
2,392
2,388
2,766
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
589
461
512
3,818
3,847
3,137
1,972
1,939
1,567
1,563
1,941
423
400
345
315
530
437
389
453
343
380
554
3,456
3,811
3,328
2,209
825
825
825
825
825
825
825
1973-Uov.............
465,000
475,700
475,700
475,700
475,700
475,700
475,700
495,000
495,000
495,000
495,000
495,000
495,000
464,900
470,850
462,594
468,455
466,741
473,244
473,057
470,460
473,232
473,618
473,226
479,674
479,352
478,107
483,246
2,396
2,395
2,390
2,388
2,389
2,392
2,390
2,388
2,383
2,386
2,391
2,394
2,414
462,076
467,827
1,571
1,570
1,565
1,563
1,564
1,567
1,565
1,563
1,558
1,561
1,566
1,569
1,589
517
628
467
615
434
373
491
380
825
825
825
825
825
825
825
825
825
825
825
825
825
1974-Jan.............
Feb.............
May.............
Sept....... .....
Oct..............
i
469,131
471,631
475,446
472,852
475,623
476,006
475,610
482,059
481,743
480,501
485,661
Source: Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 1940, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury on the State of the Finances for fiscal 1973. For a summa
ry of legislation on debt limitation under the Second Liberty Bond
Act and the amounts of limitation, see Table 32 of the Statistical
Appendix.
466,273
468,629
472,622
470,087
472,741
473,238
472,833
479,239
478,602
477,673
482,649
394
435
747
434
597
•
1/ Adjusted to exclude notes to IMF and other international
or
ganizations from Public debt and include them in Other debt to conform
with the budget presentation and the source for this table.
2/ Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
Footnotes to Table FD-2
Source: Monthly Statement of the Public Debt of the United States.
Note: The computed annual interest charge represents the amount of
interest that would be paid if each interest-bearing issue outstand
ing at the end of each month or year should remain outstanding for
a year at the applicable annual rate of interest. The charge is
computed for each issue by applying the appropriate annual interest
rate to the amount outstanding on that date (the amount actually
borrowed in the case of securities sold at a premium or discount,
beginning with May 1960). The aggregate charge for all interestbearing issues constitutes the total computed annual interest charge.
The average annual interest rate is computed by dividing the computed
annual interest charge for the total, or for any group of issues, by
the corresponding principal amount. Beginning with data for December
1/
2/
2/
y
5/
31, 1958, the computation is based on the rate of effective yield for
issues sold at premium or discount. Prior to that date it was based
on the coupon rate for all issues.
As of July 1974, includes Federal Financing Bank.
Excludes Federal Financing Bank.
Included in debt outstanding at face amount, but discount value is
used in computing annual interest charge and annual interest rate.
On United States savings bonds the rate to maturity is applied
against the amount outstanding.
As of the July 31, 1974, Monthly Statement of the Public Debt of the
U.S. the column heading was changed to Government account series
which includes Treasuiy deposit funds in addition to those accounts
previously shown as special issues.
r Revised.
26
Treasury Bulletin
FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
The Second Liberty Bond Act (31 U.S.C. 757b), as amended
provides that the face amount of obligations issued under
authority of that Act, and the face amount of obligations
guaranteed as to principal and interest by the United States,
shall not exceed in the aggregate $400 billion outstanding
at any one time. Public Law 93-325 provides that beginning
on June 30, 1974, and ending On March 31, 1975, the public
debt limit shall be temporarily increased by $95 billion.
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 1968 and outstanding at any time shall be
added to the amount otherwise taken into account in deter
mining whether the requirements of the above provisions are
met.
l^art A. - Status Under Limitation November 30, 1974
_________________ (In millions of dollars)______________________
Public debt subject to limit:
Public debt outstanding.........................................................................
Less amounts not subject to limit:
Treasury...................................................................................
Federal Financing Bank........................................................................
Total public debt subject to limit................................................................
$485,364
617
1,501
483,246
Other debt subject to limit:
Guaranteed debt of Government agencies.............................................................
454
Notes issued to International Monetary Fund (22 U.S.C. 286e)....... ..... ..............................
825
Specified participation certificates (12 U.S.C. 1717(c))..............................................
1,135
Total other debt subject to limit.................................................................
2,414
Total debt subject to limit....................................................................... ....... 485,66117'
Statutory debt limit (31 U.S.C. 757b)............................................................... ....... 495,000
Balance of statutory debt limit....................................................................
9,339
Part B. - Application of Statutory Limitation N ovem ber 30, 1974
_______________________ (In millions of dollars)____________________________
Classification
standing
Interest-bearing debt:
Marketable:
Bills:
Regular series:
Treasury................................................................................
Federal Financing Bank.....................................................................
Notes:
Treasury..................................................................................
Bonds:
Treasury............................................... ............ .....................
Total marketable... ........ .................. .......................................... ....
33,293
.... 277,538
Nonmarketable:
Depositaiy series............................................................................
Foreign government series:
Dollar denominated........................................................ .................
Foreign currency denominated..................................................................
Government account series............. .........................................................
Investment series.............. ........................................................ .....
R.E.A. series................................ ................................................
State and local government series................................................................
United States retirement plan bonds.............................. ...................... .........
United States savings bonds...................................................... .............
United States savings notes.............. ....... ................ .................. ............
Total nonmarketable............... *............... ...........................................
Subtotal Treasury........... ...................................................................
Subtotal Federal Financing Bank..............................*..................................
Total interest-bearing debt......................................................................
21,523
1,599
116,893
2,269
10
637
77
63,144
....... 444
.... 206,612
482,649
1,501
484,150
Non-interest-bearing debt:
Matured debt..................................................................................
Other.......................................................................................
Total non-interest-bearing debt........................................................... .......
Total public debt outstanding........ ................................... ................ ..........
Source: Monthly statement of the Public Debt of the United States.
1/ Includes adjustment of $1 million per rounding.
$113,131
1,501
129,613
17
492
722
1,214
485,364
27
December 1974
FEDERAL DEBT
Table FD-10. - Treasury Holdings o f Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Housing and Urban
,Development
Secretary: Import
Bank of
Farmers
Rural
Govern
the
Electri Home
United Secretary ment
fication Adminis
National Other
States
tration
Adminis programs
Mortgage 6/
2
/
tration
Assn. 5/
2/
Agriculture Department
End of
fiscal year
or month
Total
Agency
for
Inter
national
Develop
ment 1/
196 5
196 6
196 7
196 8
196 9
197 0
1971. ...
197 2
197 3
197 4
1972-Dec.
28,354
26.964
24,611
27,040
28,164
30,651
31,9*4
33,939
34,237
35,434
32.965
712
689
662
638
544
512
451
,1973-Nov>..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..,
Sept.
Oct.*,
Nov..
33,816
34,152
34,198
34,202
34,086
33,970
34,534
35,434
35,132
36,299
37,468
36,092,
37,364
Commodity
Credit
Corpo
ration
374
327
398
13,111
11,768
10,097
11,989
12,115
12,262
11,977
11,501
10,864
8,608
10,655
4,075
4,234
4,518
4,770
5,045
5',328
5,746
6,051
6,563
6,963
6,252
1,235
1,436
1.415
1,454
1,583
1.416
1,391
1,606
1,610
2,545
1,359
367
356
356
356
356
356
356
327
327
327
327
327
327
9,731
9,724
9,240
9,104
9,009
8,889
8,757
8,608
8,441
8,424
8,128
5,321
5,411
6,563
6.763
6.763
6.763
6.763
6.763
6.763
6.963
6.963
6.963
7.207
7.207
7.207
1,610
1,610
sl6
2,010
2,010
2,160
2,210
2,410
2,54 5
2.570
2.570
2.570
2.570
2.570
_
Transpor
tation
Tenn Dept.
essee Saint
Valley Lawrence
Author Seaway
Develop
ity
ment
Corp.
Other
3/
124
2,056
2,023
1,850
1,854
2,032
1,996
2,010
2,010
2,014
2,015
2,014
121
121
121
121
121
121
121
121
121
121
.121
121
120
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
295
2,015
2,015
295
300
2,015
307
2,015
316
2,015
2,015
327
350
2,015
2,015’
946
2,015
357
2,015
996
2,015 1,838
2,015 2,869
2,015 3,669
362
720
1,586
783
1,743
1,888
2,457
1,176
1,899
1,466
1,329
1,950
2,427
3,133
3,552
3,781
3,053
hW
3,833
10
25
10
15
10
223
665
1,641
2,462
1,001
95
100
100
100
100
100
100
100
100
100
100
124
125
125
129
133
133
130
127
123
121
1,828
2,072
2,181
2,336
2,083
2,099
2,315
2,457
2,503
2,660
2,851
2,983
3,090
4,028
4,037
4,067
4,081
4,11*
4,025’
4,025
4,025
4,093
4,213
4,213
4,063
4,093
3,462
3,364
3,248
3,211
?,075
3,068
3,129
3,133
3,321
3,465
3,654
3,946
4,192
1,964
1,964
2,068
2,068
2,242
2,242
2,462
2,462
2,590
2,689
2,689
2,814
2,814
100
100
100
100
100
125
100
100
100
125
125
125
125
-
Under
Defense
produc
tion
Act
of 1950
7/
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
2,753
3,133
2,670
1,937
1,570
2,261
3,602
3,914
3,963
4,025
4,028
513
178
Veterans
Adminis
tration:
Direct
loan
program
51
72
90
118
148
183
250
294
315
946
296
-+>
Source: Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances by the Treasury from public debt receipts under congressional
authorization for specified government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1973 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 310-16, and the 1973 Confined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 549-551.
1/ And predecessor agencies. Beginning fiscal 1957 figures exclude
notes previously issued by the Administrator in connection with
informational media guaranties. The obligation for these notes was
assumed by the Director of the United States Information Agency,
pursuant to the act approved July 18, 1956 (22 U.S.C. 1442), and
the notes together with others issued for the same purpose are
included in "Other.11
2/ Farm housing and other loan programs, Agricultural Credit Insurance
Fund (formerly Farm Tenant Mortgage Insurance Fund), Rural Housing
Insurance Fund, and Rural Development Insurance Fund.
2 / Includes securities transferred from the Reconstruction Finance
Corporation.
4/ Consists of notes issued to borrow for: The urban renewal program
(formerly slum clearance program); college housing loans; public
facility loans; Low Rent Public Housing Fund; and advances for
National Flood Insurance Fund.
5/ Consists of liabilities taken over by the Association from the
Secretary in accordance with the act approved August 2, 1954, and
notes issued by the Association under authority of that act (12 U.S.C
1719 (c), 1720 (d), and 1721 (d)) and also securities transferred
from the Reconstruction Finance Corporation.
<
2/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968 - December 1969.
2/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of
Agriculture; the Secretary of Interior (Defense Minerals of Explo
ration Administration); and the Secretary of the Treasury through
May 1964.
8/ Consists of notes issued by the: United States Information Agency
for informational media guaranties (see footnote 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
insurance Fund, fiscal years 1963-67 and Federal Ship Financing
Fund (N0AA), beginning December 1972; Virgin Islands Corporation
from September 1959 - September 1968; District of Columbia
Commissioners for the Stadium Sinking Fund beginning December 1971;
Secretary of the Interior (Bureau of Mines) for development and
operation of helium properties beginning May 1964; Bureau of Com- '
mercial Fisheries for Federal Ship Mortgage Insurance Fund, Fishing
Vessels from January 1966 - May 1967; ‘and revenue bonds for
Smithsonian Institution (John F. Kennedy Center Parking Facilities.)
beginning July* 1968; Secretary of Transportation (Washington Metro
politan Area Transit Authority) beginning December 1972; Health,
Education, and Welfare, Office of Education (Student Loan Insurance
Fund) from May 1973 - August 1973; Rural Telephone Bank beginning
January 1974; Federal Financing Bank beginning May 1974; Federal
Home Loan Bank Board beginning August 1974; Pension Benefit Guaran
ty Corp. beginning Septenfcer 1974.
28
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Public Marketable Securities
O ther than R egu la r1Weekly and 52-Week Teasury Bills
Outstanding N ovem ber 30, 1974
(In millions of dollars)
Amount of maturities
Year
and
month
of final
maturity
Amount of maturities
Held ty 2/ Description
Total
i/
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Year
and
month
of final
maturity
1/
Held by 2 / Description
U.S. Govt,
accounts and All
Federal Re other
serve banks investors
Total
1979
1974
Dec.
5-7/8#
1275
Feb.,
5-3/4*
5-7/8*
Mar.
Apr.
May.
8.049#
1-1/2%
June,
Aug.,
Sept,
Oct.,
Nov.,
Dec.,
6*
5-7/8*
7.933*
9.767*
5-7/8*
8-3/8*
1-1/2*
7*
7*
Note -
12/ 31/ 74- F
2A5/75-A
Note 2A 5/75-E
Note Bill - FFB 3/31/75
4A/75-EA
Note 5/15/75-B
Note 5A 5/75-F
Note
Bill 6A9/75
Bill 6/30/75
8A 5/75-C
Note Note 9/30/75-G
10A/75-E0
Note 11A5/75-D
Note Note 12/31/75-H
Total.
1976
Feb.,
2,102
112
4,015
1,222
1.501
8
6,760
1,776
1.501
2,003
7,679
1,555
128
2,042
51
274
4,534
131
n.a.
939
2,834
1,990
2,460
1,094
1,227
8
2,226
1,645
n.a.
1,064
4,845
30
3,115
1,731
746
237
1,991
30
2,369
1,494
33,383
11,429
20,453
1-1/2#
7-7/8#
6 -I/4#
Oct... 1-1/2#
6-5/8#
7#
Note Note Note Note Note Note -
2
1,017
4,559
52
1,775
2
965
2,784
1,604
2,241
1,137
451
467
1,790
9,424
3,415
6,009
2,570
7,265
865
5,520
1,705
1,745
4,307
1,895
2,538
749
1,769
1,146
16,037
9,672
6,365
11/15/81-B
1,842
807
2,716
5,365
502
408
1,143
2,053
1,340
399
1,573
3,312
2/L5/82
2,702
1,055
1,647
6A5/78-83
1,460
282
1,178
8/L5/84
2,353
1,376
977
5A5/85
5/15/75-85
918
1,198
2,116
224
509
694
689
733
1,383
11A5/86
1,216
884
33?
2A5/90
3,767
1,130
2,637
4-1/4# Bond -
8A5/87-92
3,613
1,430
2,183
4#
Bond 6-3/4# Bond -
2A 5/88-93
2A 5/93
224
70
192
154
627
7-1/2# Bond -
8A5/88-93
1,914
1,139
775
2,765
1,401
1,364
Total .
1980
Feb.
May.
Aug.
Nov.
4#
Bond
6-7/8# Note
9#
Note
3-1/2# Band
Total.....
1981
Feb__
7#
Note 7#
Bond ■
Nov.... 7-3/4# Note ■
Total.....
1982
Feb__ 6-3/8# Bond ■
1983
June... 3-1/4# Bond .
Aug....
2A 5/76-A
2A5/76-F
3/31/76-H
4A/76-EA
5A 5/76-B
5A 5/76-E
3,739
4,945
1,532
27
2,697
2,802
2,858
8*
1-1/2*
6-1/2*
5-3/4#
Note Note Note Note Note Note -
823
588
1,874
2,214
June
Aug.
8-3/4*
7-1/2#
6-1/2*
Note Note Note -
6/30/76-1
8A 5/76-c
8A 5/76-G
2,704
4,194
3,883
694
1,662
1,879
2,010
2,532
2,004
Sept
Oct.
Nov.
8-1/4#
1-1/2#
Note Note Note -
9/30/76-J
10A/76-E0
11A 5/76-D
2,021
310
1,711
1985
May.... 3-1/4# Bond ■
4-1/4# Bond ■
Total......
1986
6-1/8# Bond Nov.
1990
Feb.
3-1/2# Bond ■
1992
Aug.
Mar.
Apr.
May.
6-1/4#
5-7/8*
6-1/4#
Total.
1977
Feb.
Apr.
May.
Aug.
Oct.
Nov.
1978
Feb.
Apr.
Aug.
Oct.
Nov.
8#
1-1/2#
6-7/8#
9#
7-3/4#
1-1/2#
7-3/4#
Total .
6-1/4#
1-1/2#
8-3/4#
1-1/2#
Total.
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
-
-
2A5/77-A
4A/77-EA
5A 5/77-c
5A 5/77-D
8A 5/77-B
10A/77-E0
11/15/77-E
2A5/78-A
4A/78-EA
8A 5/78-c
10A/78-E0
11A 5/78-B
1,402
56
-
881
3,543
1,476
27
11
4,325
341
11
3,984
32,880
10,613
22,267
5,163
5
3,067
-
2,096
5
2,565
5,337
4,918
17
3,621
21,626
532
2,956
1,669
2,033
2,381
3,249
17
2,366
12,147
8,389
15
2,462
3
8,207
19,076
-
_
1,255
9,479
3,381
616
5,008
15
1,846
3,607
3
4,600
7,604
11,472
Source: Monthly Statement of the Public Debt of the United States and
Office of Debt Analysis in the Office of the Secretary.
1/ For issue date of each security, see "Market Quotations on Treasury
Securities.”
4/1/79-EA
5/15/79-D
8/15/79-A
10/1/79-E0
11/15/79-B
ll/l5/79-c
2/L5/80
5A 5/80-A
8/L5/80-B
11/15/80
2/L5/81-A
8/15/81
1
1
1984
Aug....
1993
Feb.
Aug.
6-3/8#
Bond -
Total.
1994
May.
4-1/8# Bond ■
5A5/89-94
1,388
554
834
Bond ■
2A5/95
765
137
628
Bond •
7#
3-1/2# Bond ■
Total..
5A 5/33-98
11A 5/98
692
2,914
266
872
2,042
3,606
1,138
2,468
2,270
1,251
1,019
1225
Feb.
1998
May.
Nov.
1999
May..
435
3#
8-1/2# Bond -
5A 5/94-99
426
2/ Beginning with February 1969 Treasury Bulletin, the definition of
U.S. Government accounts and all other investors is in conformity
with the unified budget concept,
n.a. Not available.
December 1974
29
PUBLIC DEBT OPERATIONS
T able PDO-2. - O fferin gs o f B ills
(Amount in millions of dollars)
Description on new issue
Issue date
Number of
days to
maturity 1/
Maturity
date
vJ
mU
m+
iAutltK
lIu UI ■
Amount of bids accepted
Total
amount
On competi
tive basis
3,954.8
2,885.4
3,618.1
4,601.3
4 ,264.0
3,650.7
3,981.5
2,986.0
2,601.3
1,902.0
3,720.9
3,481.5
3,746.0
3,853.3
3,961.6
4,073.1
4,607.Or
3,071.6r
4,037.7r
3,241.lr .
3,523.3r
2,761.9
3,132.5r
3,301.1
4 ,168.5r
2,958.0
4,747.2
3,248.6
3,369.5
3,458.2
3 ,411.6
3,306.0
2,803.4
2 ,003.6
2,805.7
2,005.4r
2,611.1
1,805.9
2,502.9r
1,801.9
2,500.2r
1,800.3r
2,605.3r
1,894.0
2,702.4r
2 ,002.8
2,199.4
1,628.3
2,234.8
1,724.2
2,337.7
1,710.0
2,338.7
1,742.2
2,317.6
1,698.4
2,283.4
1,654.2
2,023.9
1 ,366.1
1,926.1
1,481.5
2,053.2
1,522.5
2 ,234.6
1,583.4
2 ,338.2
1,678.4
2,388.4
1,779.1
2,277.1
1,718.6
bids
tendered
Z/
On noncom
petitive
basis 2/
Amount
maturing 01
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
T-L'utLuiLLvyUilly:---Regular weekly:
,&3-WQek smd
1974-Aug.
I
1.
8.
15.
22.
29.
Sept.
5.
12.
19.
26.
Oct.
3.
10.
17.
24.
31.
Nov.
7.
14.
21.
29.
T 1974-Oct.
' 1975-Jan.
^ 1974-Nov.
' 1975-Feb.
\ 1974-Nov.
I 1975-Feb.
1 1974-Nov.
' 1975-Feb.
f 1974-Nov.
\ 1975-Feb.
f 1974-Dec.
1975-Mar.
* 1974-Dec.
1975-Mar.
s 1974-Dec.
1975-Mar.
k 1974-Dec.
1975-Mar.
I
Jan.
i
Apr.
f
Jan.
\
Apr.
1
Jan.
1
Apr.
f
Jan.
I
Apr.
f
Jan.
\
May
/
Feb.
\
May
/
Feb.
May
Feb.
May
Feb.
May
31
30
7
91
182
6
182
14
13
14
182
20
182
29
27
5
182
6
12
91
91
91
92
91
182
13
19
91
182
91
20
182
26
3
9
91
182
91
182
91
10
182
16
17
91
182
91
27
2
23
24
30
182
91
1
182
6
8
91
182
13
15
91
182
20
22
91
182
90
181
27
29
4,496.9
3,856.3
3,877.3
3,689.5
4 ,110.0
3,341.6
2,655.5
2,007.0
2 ,804.6
2 ,004.2
2,807.7
2 ,001.8
2,703.3r
2,003.5
2,702.6
2,002.5
2,705.2
1,997.5
2,703.7
2,099.4
2,801.9
2,103.9
2,799.9
2 ,104.6
2,801.8
2,101.5
2,362.3
1 ,830.2
2,282.3
1,883.9
2,329.6
1,825.9
2,271.7
1,844.9
2,307.8
1,853.4
401.9
273.7
420.7
282.7
2,503.5
1,803.3
2,500.5
1,802.5
466.8
2,601.4
1,799.3
2,604.3
1,797.4
2,604.1
1,802.0
2,602.1
1,804.9
2,603.1
1,801.9
2,600.9
1,901.2
294.3
469.0
259.6
485.8
305.2
522.3r
351.1
587.2
439.9
576.8r
320.4
447.Or
277.8r
370.6
310.5
364.2r
324.4
314.9r
224.4
425.5
283.9
342.9
167.3
421.4
215.5
2,600.4
1,901.2
2,602.6
1,909.6
248.1
2,602.3
1,902.0
2,601.8
1,904.2
2,601.9
1,901.6
2,601.3
1,902.3
2,655.5
1,901.4
2,804.5
1,902.3
2,807.7
1,900.9
2,803.4
1,902.6
50.0
32.7
33.0
57.8
45.5
1,802.5
1,802.0
1,800.5
1 ,804.0
1,801.1
36.6
1,790.3
1,801.8
1,800.4
1,800.8
1,802.0
472.4
278.0
528.2
259.6
494.0
33,726.9
48,858.7r 4/
33,881.8r
49,063.2r y
34,084.9r
49.268.2 4/
4/
4/
4/
U
4/
V
4/
4/
34.288.3
49,472.5r 4/
34.487.6
49,674.lr 4/
34.691.2
49.874.6 y
34.699.2
49.878.6 y
34,601.3r
49.779.3 y
34,501.1r
49,678.1 y
34,503.7r
49,662.7r 4/
34,603.8r
49,763.5r y
34,705.3r
49,862.7r y
34,806.Or
49,963.7r 4/
34,909.9r
50,058.8r £/
34,958.2
50,256.9
34,955.6
50,458.4
34,947.8
50.662.1
34.946.2
50,861.0
52-^reek:
1973-Oct.
Nov.
Dec.
1974-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
23.
20 ,
18 ,
15.
12,
12,
9,
7,
4.
2,
30,
27,
24.
22 ,
19,
22
1,801.8
1,800.6
1,802.5
1,802.4
1,802.1
1,801.1
1,801.4
1,802.3
1,801.8
1,801.8
1,805.8
1,802.7
1 ,803.0
2,002.9
2 ,001.8
1,751.8
1,768.0
1,769.5
1,744.6
1,756.6
1,764.5
1,749.5
1,728.5
1,735.9
1,708.5
1,728.1
1,704.8
1 ,682.0
1,911.1
1,937.2
4,934.1
3,859.8
2 ,003.0
1,852.7
1,452.0
150.2
1,500.8
48.8
-
2,003.0
3,503.8
4,321.3r
1,501.4
1,362.8
138.5r
-
1,501.4
4,277.2
3,437.1
3,588.2
3,221.9
3,103.3
3,358.8
3,201.8
2,984.4
2,530.7
2,653.8
18
364
364
364
364
364
364
364
364
364
364
364
364
364
364
364
1975-June 30
June 19
299
227
1975-Mar. 31
244
1974-Oct.
Nov.
Dec.
1975-Jan.
Feb.
Mar.
Apr.
May
June
July
July
Aug.
Sept.
Oct.
Nov.
19
17
14
11
11
8
6
3
1
29
26
23
21
2,571.3
2,934.3
2,889.8
3,580.1
3,801.9
51.8
73.8
65.8
93.3
77.7
97.8
121.0
91.8
64.6
1,804.4
1 ,804.8
1,802.2
1,801.8
1,800.6
23.416.2
23.414.8
23.416.9
23.415.3
23.416.3
23.427.1
23,426.6
23.428.5
23.429.4
23.429.2
23.430.6
23.428.4
23.429.2
23.630.3
23.831.4
Special:
1974-Sept.
Nov.
4,
4,
Federal Ftnannlng Baric hilla
1974-July
30.
Footnotes at end of table.
Treasury Bulletin
30
PUBLIC DEBT OPERATIONS
Table PDO-2. - O fferin gs o f B ills—C on tin u ed
On total bids accepted
Issue date
Average price
per hundred
On competitive bids accepted
High
Equivalent average
rate J>/
Price per hundred
Treasury bills:
Regular weekly:
(13-week and 26-week)
15..............
22..............
12.............
24..............
21..............
29..............
52-week:
1973-Oct.
Nov.
23..............
20..............
1974-Jan.
Feb.
Mar.
15..............
12..............
12..............
May
7..............
July
2..............
30..............
Aug. 27..............
Sept. 24..............
Oct. 22..............
Nov. 19..............
Special:
1974-Sept. 4..............
Federal Financing Bank bills:
1974-'July 30..............
Footnotes on following page.
7.698
8.054
8.519
8.660
/ 97.785
{ 95.592
8.762
8.719
8.845
8.899
9.907
9.930
9.165
9.282
9.098
8.980
8.185
8.203
7.003
7.928
6.385
7.441
6.697
7.364
7.723
7.829
7.525
7.398
7.892
7*766
7.880
7.856
/
(
[
{
f
{
f
(
97.764
95.501
97.468
94.980
97.683
95.307
97.700
95.460
f 97.931
{ 95.853
f 98.230
{ 95.992
f 98.386
( 96.239
T 98.307
( 96.277
f 98.048
{ 96.042
f 98.098
{ 96.260
/ 98.005
I 96.074
/ 98.008
\ 96.028
f 98.078
\ 96.182
/ 98.097
\ 96.245
/ 98.168
96.295
7.604
7.552
7.535
7.428
7.328
7.360
92.789
92.206
93.043
92.975
93.588
93.026
92.026
91.4^5
91.660
91.652
92.077
90.330
91.566
92.286
92.556
7.132
7.708
6.880
6.948
6.342
6.897
7.887
91.888
94.998
9.767
94.545
Price per hundred
(Percent)
(Percent)
f 98.054
{ 95.928
f 97.850
{ 95.622
Law
Equivalent rate ,5/
98.079
96.031 £/
98.091
95.637 2 /
97.806 8/
95.614 2/
97.794 10/
95.561 21/
97.506 22/
95.025 12/
97.725 1£/
95.337 15/
97.720 16/
95.464
97.942
95.865 12/
98.248 18/
96.036 12/
98.458
96.451 20/
98.395
96.309 21/
98.061 22/
96.109 22/
98*109 M /
96.299 25/
98.042 26/
96.100
98.049 22/
96.092
98.089 28/
96.192 22/
98.129 22/
96.258 21/
98.185
96.320
92.799
92.282 22/
93.046
93.038
93.638
93.079
92.083 22/
91.618
Equivalent rate 5/
(Percent)
7.600
7.851
7.552
8.630
98.032
95.888
97.813
95.601
7.785
8.134
8.652
8.701
8.680
8.676
8.727
8.780
9.759
9 .8a
9.000
9.224
9.020
8.972
8.142
8.179
6.931
7.841
6.100
7.020
97.777
95.586
97.750
95.467
8.794
8.731
8.901
8.966
10.041
9.987
9.253
9.320
6.349
7.301
7.671
7.696
7.481
7.321
7.746
7.714
7.718
7.730
7.560
7.532
7.402
7.402
7.260
7.319
7.122
7.633
6.878
6.885
6.292
6.845
7.830
8.290
8.180
8.129
7.707
9.330
8.250
97.434
94.951
97.661
95.288
97.686
95.452
97.923
95.815
98.205
95.983
98.319
96.145
98.230
96.243
98.032
96.014
98.095
96.237
97.984
96.048
97.990
96.011
9.154
8.996
8.217
8.278
7.101
7.946
6.650
7.625
7.002
7.431
7.785
7.884
7.536
7.443
7.975
7.817
7.952
7.890
98.073
96.173
98.086
96.234
98.158
96.281
7.623
7.570
7.572
7.449
7.368
7.397
92.779
92.157
93.013
92.905
93.536
7.142
7.757
6.910
7.017
6.393
6.950
7.949
92.600 4Q/
7.604
7.319
92.973
91.963
91.a 8
91.577
91.587
92.012
90.162
91.469
92.235
92.529
7.933
91.944 41/
95.021 42/
9.700
7.896
91.839
94.987
9.826
7.950
8.049
94.676 42/
7.855
94.480
8.144
8.422
8.249
8.256
7.836
9.564
8.341
7.629
7.362
91.729 25/
91.781 26/
92.207
90.566 22/
91.658 28/
92.312
22/
8.488
8.330
8.321
7.900
9.730
8.437
7.680
7.389
December 1974
31
.PUBLIC DEBT OPERATIONS
Footnotes to T able PDO-2
Source:
Monthly Statement of the Public Debt of the United States and
Allotments.
1/ The 13-week bills represent additional issues of bills with an orig
inal maturity of 26-weeks.
2/ For bills issued on and after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
Banks.
2 / For 13-week, 26-week tenders for $200,000 or less from any one bidder
are accepted in full at average prices of accepted competitive bids;
for other issues, the corresponding amount is stipulated in each off
ering announcement.
4/ Includes strip bills issued June 5, 1974.
£/ Bank discount basis.
6 / Except $20,000 at 97.982.
7/ Except $10,000 at 98.037, $10,000 at 95.840, $10,000 at 95.829.
$10,000 at 95.800 and $10,000 at 95.750.
8/ Except $10,000 at 97.813.
y
Except $10,000 at 95.800 and $10,000 at 95.650.
10/ Except $200,000 at 97.826.
11/ Except $395,000 at 95.702 and $20,000 at 95.592.
12/ Except $10,000 at 97.820, $10,000 at 97.713, $10,000 at 97.690.
$100,000 at 97.638 and $250,000 at 97.522.
i2/ Except $1,280,000 at 95.051 and $240,000 at 95.035.
Except $385,000 at 97.962, $2,540,000 at 97.750 and $150,000 at 97.737.
12/ Except $100,000 at 95.467, $1,240,000 at 95.375 and $300,000 at 95.349.
16/ Except $50,000 at 97.741.
12/ Except $2,425,000 at 95.905.
18/ Except $5,000,000 at 98.268.
12/
20/
21/
22/
22/
2y
22/
26/
22/
2 8/
22/
20/
22/
22/
22/
2h/
25J
26/
22/
28/
22/
40/
Qj
^2/
43/
Except $2,330,000 at 96.057.
Except $1,475,000 at 96.795.
Except $385,000 at 96.748.
Except $4,000,000 at 98.089, $5,000,000 at 98.075 and $465,000 at
98.068.
Except $10,000 at 96.208 and $295,000 at 96.134.
Except $10,000 at 98.155.
Except $200,000 at 96.308.
Except $5,000,000 at 98.065 and $35,000 at 98.050.
Except $920,000 at 98.058.
Except $5,200,000 at 98.126.
Except $20,000 at 96.208.
Except $225,000 at 98.153.
Except $10,000 at 96.347.
Except $1,000,000 at 92.315 and $1,000,000 at 92.295.
Except $200,000 at 92.098 and $100,000 at 92.093.
Except $20,000 at 92.000.
Except $35,000 at 91.911 and $1,115,000 at 91.979.
Except $10,000 at 91.911 and $650,000 at 91.801.
Except $10,000 at 90.930 and $50,000 at 90.752.
Except $20,000 at 94.513, $480,000 at 91.710, $2,440,000 at 91.709
and $1,000,000 at 91.678.
Except $10,000 at 97.972, $10,000 at 95.825, $10,000 at 92.500 and
$200,000 at 92.350.
Except $95,000 at 92.624.
Except $20,000 at 92.525.
Except $10,000 at 95.426 and $10,000 at 95.113.
Except $10,000 at 95.000.
r Revised.
Treas
. PUBLIC DEBT OPERATIONS.
PDO-3. - New M oney Financing through R egular W eekly Treasury Bill
(Dollar amounts in millions)
iscription of issue
(
Number of
days to
maturity
Maturity
date
Oct.
1973-Jan.
12
11
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
91
182
3,524
3,040
2,301
1,801
4.103
4.605
201
f 1972-Oct.
19
1973-Jan.
18
91
182
3,845
3,050
2,301
1,800
3.949
4.455
199
1972-Oct.
1973-Jan.
26
25
91
182
3,723
3,707
2,301
1,800
4.046
4.585
198
2
91
182
3,618
3,160
2,301
1,800
3.796
4.298
200
1972-Nov.
1973-Feb.
1972-Dec.
1973-Mar.
9
91
182
91
182
3,742
3,071
3,658
3,683
2,299
1,801
2,423
1,801
3.928
4.431
4.567
4.937
Feb.
May
1
91
182
4,036
3,864
2,401
1,901
4.766
5.141
200
>
1972-Nov.
1973-Feb.
l'
8
7
8
3
199
122
Feb.
May
10
91
182
3,886
3,876
2,401
1,901
4.670
4.958
203
Feb.
May
15
17
91
182
3,926
3,907
2,402
1,901
4.774
5.070
202
Feb.
May
22
90
181
3,671
3,807
2,401
1,900
4.775
5.050
199
31
91
182
4,261
3,510
2,400
1,902
4.885
5.179
199
Mar.
June
Mar.
June
Mar.
June
15
14
91
182
91
182
2,402
1,902
2,405
1,906
5.100
5.309
5.089
5.298
200
22
21
29
28
91
182
4,470
3,252
3,701
3,624
3,702
3,546
2,404
1,903
5.111
5.312
208
Apr.
July
Apr.
July
Apr.
July
Apr.
July
5
5
91
182
91
182
91
182
91
182
3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
2,402
1,901
2,403
1,902
2,401
1,902
2,400
1,901
5.164
5.397
5.154
5.413
5.277
5.541
91
182
91
183
91
182
91
182
91
182
91
182
91
182
3,789
3,552
2,501
1,693
2,501
1,701
2,502
1,702
2,502
1,701
2,501
1,701
6.180
6.457
6.453
•6.747
6.693
6.864
7.127
7.172
Mar.
May
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
1973-Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Oct.
1974-Jan.
1973-Nov.
1974-Jan.
Feb.
May
c
8
24
1
12
12
19
19
26
26
16
15
23
23
30
29
13
13
5,631
5.759
208
204
201
223
200
-111
31
14
16
91
182
91
182
91
182
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
3,349
3,545
3,975
3,215
4,274
3,430
3,887
3,561
3,796
3,336
4,047
4,341
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
200
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
20
20
27
27
4
3
11
10
18
17
25
24
1
91
182
91
182
2,503
1,701
2,500
1,701
2,500
1,702
2,501
1,701
2,501
1,702
2,501
1,701
2,503
1,801
7.265
7.255
7.229
7.299
7.986
8.010
7.991
8.018
7.968
8.023
8.113
8.272
8.319
8.476
8.635
8.381
-99
-100
-99
-104
-101
-101
-100
-103
-96
-100
110
33
December 1974
PUBLIC DEBT OPERATIONS,
Table PDO-3. - New Money Financing through Regular Weekly Treasury Bills 1/ —Continued
(Dollar amounts in millions)
Description of issue
Issue
date
1974-June
6.
13.
20.
27.
July
5.
11.
18.
Z5.
Aug.
1.
8
15
22
29.
Sept.
5,
19.
26.
Oct.
10.
17.
24.
31.
Nov.
7,
14
21
29
Number of
days to
maturity
Maturity
date
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Oct.
1975-Jan.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
1975-Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
May
Feb.
May
Feb.
May
Feb.
May
Feb.
May
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
8.299
5,054
4,261
3,925
3,017
2,602
1.904
2.603
1.903
2.601 y
1.901
2.600 y
1.901
91
182
4,117
3,171
2.603 1 /
1.905
7.808
8.055
10
91
9
17
16
182
4,014
3,430
4,207
3,268
2.602 2 /
1.904
2,602 2 /
1.901
7.892
8.481
7.702
7.876
2,602 2 /
1,901
7.603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
8.845
8.899
9.907
9.930
3,578
3,383
3,693
3,792
19
19
26
26
91
182
91
182
91
182
91
182
3
2
5
5
12
12
91
182
24
23
31
30
7
6
91
182
182
4,466
3,719
3,955
2,885
3,618
4,601
14
13
91
182
4,264
3,651
21
20
91
182
92
182
3,981
2,986
3,721
3,482
91
182
91
182
91
182
3.746
3,853
4,607
3,072
4,038
3,241
91
182
91
182
3,132
3,301
4,169r
2,958
23
24
30
91
182
91
182
4.747
3,249
3,369
3,458
6
8
13
15
91
182
91
182
91
182
90
181
3,412
3,306
4,497
3,856
3,877
3,689
29
27
5
6
19
20
26
27
9
10
16
17
1
20
22
27
29
91
182
91
Source: See Table PD0-2.
l/ Excludes issues of strips of additional amounts of outstanding
” regular weekly bills for cash on December 2, 1970 ($2,105 million),
April 6, 1971 ($2,206 million) and June 5, 1974 ($801 million).
2/ Equivalent average rate on bank discount basis.
2 / On June 11, 1974, the Treasury announced that the amount of bills
2.601
y
1,902
2,655 2 /
2,007
2,805 i/
2;004
2,808 2 /
2,002
2,803
2.004
2,806r
2.005
2,503
1,802
2,500r
1,800
2,702
2.003
2.703
2.003
2.703
2,002
2,705
1,998
4,110
2.704
2,099
2,802
2.104
2,800
2.105
2,802
3,342
2,101
8.426
8.260
8.324
8.178
8.175
7.841
8.003
9.165
9.282
8.185
8.203
7.003
7.928
6.697
7.364
7.723
7.829
7.525
7.398
7.892
7.766
7.880
7.856
7.604
7.552
7.535
7.428
7.328
7.369
New money
increase, or
decrease (-)
7
205
203
202
198
204
195
189
205
196
359
i
)
408
408
401
404
-197r
-201
201
201
202
199
246
199
196
197
offered would be $200 million more than the amount maturing.
It stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
Revised.
Treasury bulletin
34
PUBLIC DEBT OPERATIONSTable PDO-4. - Offerings of Public Marketable Securities Other than
R egular Weekly Treasury B ills
_____
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
(Dollar amounts in millions)
Description of securities 1/
7.702#
7.132#
6.765#
7#
Bill
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Note
Bill
Bill
Bill
Note
Bill
Bond
Bill
Note
Note
Bill
Bill
Note
Bill
Note
Bond
Bill
Bill
Bill
Note
Bond
Bill
Bill
Note
Bill
Note
Bill
Bill
Bill
Note
r 11/1/73
7#
7-1#
8.670#
7.708#
7.830#
Note
Bond
Bill
Bill
Bill
1*11/30/73
12/18/73
1/15/74
2/15/74
2/12/74
2/15/74
2/28/74
3/4/74
7.790#
6.880#
6.948#
7#
6.342#
6-7/8#
7-1/2#
7.450#
Bill
Bill
Bill
Note
Bill
Note
Bond
Bill
3/6/74
3/26/74
3/12/74
3/29/74
6.897#
8 .306#
Bill
Bill
_
3/28/74
5/8/74
5/29/74
5/30/74
5/15/74
6/4/74
6/5/74
8#
1- 1#
7.886#
8.421#
8-3/4#
[8-3/4#
Note
Note
Bill
Bill
Note
Note
Bond
Bill
Bill
-
4/3/74
5/2/74
5/7/74
4/9/74
4/1/74
4/9/74
5/7/74
5/15/74
10/11/72
f 4/30/72
^ 7/31/72
f8/15/72
I 8/15/72
W15/72
r5/31/72
8/31/72
6/30/72
9/30/72
'l0/l/72
10/19/72
10/24/72
r7/31/72
uo/31/72
11/1/72
11/17/72
11/22/72
11/29/72
12/20/72
12/26/72
1/4/73
1/26/73
2/7/73
2/7/73
2/22/73
3/27/73
4/24/73
5/1/73
5/2/73
5/24/73
11/15/72
11/24/72
11/30/72
12/5/72
12/28/72
12/31/72
1/10/73
1/31/73
2/15/73
2/15/73
2/28/73
3/31/73
4/1/73
4/30/73
5/15/73
5/15/73
5/31/73
6/26/73
6/30/73
7/24/73
7/31/73
7/31/73
8/15/73
8/15/73
8/15/73
8/28/73
9/4/73
9/25/73
10/1/73
10/9/73
10/23/73
11/1/73
11/15/73
7/25/72
S /2 /7 2
8/24/72
9/26/72
1/
8 /1 /7 3
S/S/73
S /22 /7 3
8/24/73
9/19/73
2/
10/3/73
10/17/73
10/25/73
10/30/73
10/31/73
fll/15/73
\ll/l5/73
11/9/73
11/14/73
11/20/73
11/28/73
12/12/73.
1/9/74
2/5/74
2/6/74
2/6/74
2/7/74
2/26/74
4.731#
4.918#
5-7/8#
6-1/4#
6-3/8#
5.040#
5.178#
5.346#
5.529#
1- 1/ 2#
6#
5.223#
5.318#
6-1/4#
4.721#
5.225#
5.089#
5-7/8#
5.337#
6-3/4#
5.986#
6-1/2#
6-5/8#
6.050#
6.615#
1-1/2#
6.598#
6-7/8#
7#
6. 818#
7.23555
8.393#
7-3/4#
7-1/2#
9.802#
8.387#
8-3/8#
8.057#
1-1/2#
l?-l/2#
8 .248#
8.284#
-
_
_
-
_
_
_
_
-
_
_
_
_
_
_
-
-
-
_
_
_
_
_
_
-
-
_
_
_
—
-
_
.
-
Period to final
mo+1iv*"?+v
(years, months,
days) 2/
Amount of sub
scriptions tendered
Amount issued 2/
iu c l 0 LLL X wjr
Cash
Exchange
273d
4/30/73 - Reopening
365d
7/31/73
2/15/76-F 6 /
3y 6m
8/15/79-A
7y
8/15/84 6/
I2y
273d
5/31/73 - Reopening
362d
8/28/73
271d
6/30/73 - Reopening
360d
9/25/73
10/1/77-E0
5y
9/30/74-E
ly ll-l/2m
273d
7/31/73 - Reopening
357d
10/23/73
/
ll/15/76-D - Reopening
4y
147d
4/20/73 - Tax ant. 5 /
355d
11/20/73
199d
6/22/73 - Tax ant. 5/
12/31/74-F
2y
352d
12/18/73
20y lm
2/15/93
349d
1/15/74
8/15/76-G
3y 6m
11/15/79-B
6y 9m
349d
2/12/74
346d
3/12/74
4/1/78-EA
5y
344d
4/9/74
5/15/80-A
7y
5/15/93-98
25y
341d
5/7/74
339d
6/4/74
336d
7/2/74
8/15/77-B - Reopening
4y
20y
8/15/88-93
35d
9A 9/73 - Tax ant. 5 /
354d
8/27/74
9/30/75-G
•2y
lm
364d
9/24/74
5y
10/1/78-E0
294d
7/30/74
10/22/74
364d
169d
4/19/74 - tax ant. 5/
6y
11/15/79-C
1,526
2,850
12/31/75-H
8/15/88-93 - Reopening
"Strip" of U Series 28/
11/19/74
4/19/74 - Reopening!
Tax ant. /
6/21/74 - Tax ant. /
12/17/74
^
1/14/75
2/15/81 - A
2/11/75
5/15/77 - C
8/15/88-93 - Reopening
4/19/74 - Reopening
Tax ant. 5/
3/11/75
6/21/74 - Reopening
Tax ant. 5/
3/31/70 -H
4/1/79-EA
4/8/75
5/6/75
8/15/78-C
6/30/76-1
5/15/94-99
6/3/75
"Strip" of 8 Series 38/
9m
(Average) 43d
364d
2,860
1,503
2,153
3,437
140d
203d
364d
364d
2,508
3,023
3,588
3y
I9y
1-im
i /
7ir
364d
3y 3m
19y 6m
For
cash
1,201
4,945
4,559
41 8,r 2,312
1,889
4,914
1,547
4,145
17
4,855
1,811
3,333
_
7,162
6,367
3,801
5,079
5,690
_
3,177
1,749
_
3,072
3,883
595
1,664
3,255
_
3,011
15
3,353
5,221
3,214
1,240
40
3,937
_
3,195
2,985
2,167
500
3,896
3,062
4,371
3,047
3
4,209
_
4,277
4,716
2,915
_
1,802
2,509
2,102
1,009
1,801
1,790
2.043
652
1,800
1,801
1*802
2,028
500
2,017
1.805
2.043
1,802
!Z/|
22/
22/
1,802
2,007
Ik/
1,801
.
1,002
2,000
307
250
-
1361
1,803
1,802
1,516
1,808
2,258
300
5,042
2,047
-
2,523
1,532
_
583
656
279
-
-
26/
27/
22/
<21/
22/
22/
2
_
25/
1,100
-
.
W
12/
2V
621
4251
22o\24/
-
16/
1,804
84d
364d
(Average)13Id
5,2|
1,511
302
-
100
15
220
3,121
1,144
2,984
3,580
3,286
904
2,531
2,458
12/
3,883 14/
595 B/
1,802
1,515
1,801
4y 3m
2y l-im
25y
12/
1,800
627
1.804
2,021
327
-
23/
2,012
220
3,222
3,012
3,101
3,202
10/
220
136
-*
100
17
2,060
501
1,802
3,041
-
364d
364d
2/
41
501
1.804
500
1,801
3,773
3,359
5y
u
Allot
ment
ratio
500
-
46d
364d
2y
In exchange
1,801
1,802
1,880
2,048
309
1,802
801
5831
656)24/
279/
25/
2§/
22/
December 1974
35
PUBLIC DEBT OPERATIONS
Table PDO-4. - O fferin gs o f P u blic Marketable S ecu rities Other than
Regular W eekly T reasury B illsi—Continued
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
6/20/74
7/23/74
7/24/74
8/1/74
Issue
date
7/2/74
7/30/74
8/28/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8/27/74
9/4/74
9/18/74
9/24/74
9/24/74
2/
10/16/74
10/23/74
10/29/74
11/6/74
11/7A4
11/8/74
11A3/74
11/20/74
11/21/74
11/26/74
9/30/74
10/1/74
10/22/74
11/6/74
11/4/74
11/15/74
11/15/74
11/15/74
11A9/74
12/3/74
12/4/74
12/5/74
8/6/74
3/7/74
8/8/74
8/21/74
Footnotes on following page.
Description of securities l/
8.256#
8.049#
. 7.836#
9.655#
9#
9#
8-1/2#
Bill
Bill
Bill
Bill
Note
Note
Bond
_
_
-
-
9.564# Bill
9.767# Bill
_
8.341# Bill
-
Note
Note
Bill
Note
Bill
Note
Note
Bond
Bill
Bill
Bill
Bill
_
_
.
_
-
8-1/4#
1-1/2#
7.629#
7-7/8#
7.933#
7-3/4#
7-3/4#
8-1/2#
7.362#
7.426#
7.527#
7.521#
-
_
-
-
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Cash
Exchange
days) 2/
7/1/75
3/31/75 - FFB
7/29/75
9/20/74 - Tax ant. 5/
5/15/77-D
2y 9m
8A5/80-B
6y
5/15/94-99 - Reopening
24y 9m
8/26/75
6/30/75
9/23/75
9/30/76-J
2y
10/1/79-E0
5y
10/21/75
5/15/79-D
4y 6m
6/19/75
ll/15/77-E
3y
ll/15/81-B
7*
5/15/94-99 - Reopening
24y 6m
11/18/75
4A6/75 Tax ant. 5/
"Strip " of 5 Series 50/
(Average)
6/17/75 Tax ant. J?/
364d
244d
364d
44d
2,654
4,321
2,573
4,319
4,441p
3,787p
l,060p
_
-
-
-
364d
299d
2,935
4,934
2,936
2,461
486
_
-
364d
2,980
-
3,246p
364d
227d
364d
134d
22d
194d
3,580
2,273p
3,860
4,335p
3,259p
1,813p
3,802p
4,904p
l,671p
2,814p
205
1
_
1,059
949
338
_
-
-
Amount issued 2 /
For
cash
1,802
1,501
1,806
1,526
2,391p
l,834p
400p
In exchange
u
_
-
-
2,93§\ /
2,461)22/
m j
1,803
2,003
-
1,803
-
l,809p
_
2,003
l,015p
1,501
2,500p
l,750p
600p
2,002p
2,251p
l,001p
l,256p
Allot
ment
ratio
40/
41/
42/
-
205 42/
1
-
1,059) , .
949W
338/
_
-
44/
45/
42/
48/
42/
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS,
FootnotesI to Table PDO-4.
Source:
Bureau of the Public Debt.
1/ For bill issues, always sold at auction, the rate shewn is the equi
valent average rate (bank discount basis) on accepted bids. Other
securities issued at par except those bearing footnote 6 and those
sold at auction. For details of bill offerings see Table PDO-2.
2/ From date of additional issue in case of a reopening.
2/ In reopenings the amount issued is in addition to the amount of
original offerings.
For securities exchanged for the new issues see Table FDO-7.
Tax anticipation bill, accepted at face value in payment of income
taxes due on the 15th of the month in which the bills mature.
6/ Price at which issued appears in Table PDO-5.
2 / Exchange offering available to earners of nonmarketable 2-3/4# Treasury
bonds, Investment Series B-1975-80, dated April 1, 1951. For further
information on the original offering see Treasury Bulletin for April
1951, page A-l.
8/ Cash subscriptions were accepted only from individuals in amounts of
$10,000 or less.
5/ Includes $1,028 million of the 5-7/8# notes, $1,437 million of the 6-1/4#
notes and $1,180 million of the bonds allotted to Federal Reserve banks
and Government accounts.
10/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.41 (yield 5.77#) dcwm to 100.20 (yield
5.89#) with the average at 100.25 (yield 5.86#).
24/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.31 (yield 6.16#) down to 100.14 (yield
6 .21#) with the average at 100.18 (yield 6 .20#).
12/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.29 (yield 5.72#) down to 100.05 (yield
5.85#) with the average at 100.09 (yield 5.83#).
13/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 99.50 (yield 6 .79#).
14/ Includes $1,392 million allotted to Federal Reserve banks and
Government accounts.
15/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1973.
16/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.88 (yield 6.65#) dewn to 99.21 (yield
6.77#) with the average at 99.40 (yield 6.74#).
17/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1973.
IS/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.10 (yield 6 .86#) down to 99.05 (yield
7.05#) with the average at 99.29 (yield 7.01#).
19/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 98.75 (yield 7.11#).
20/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing August 15, 1973.
21/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.31 (yield 7.95#) down to 99.01 (yield
8 .04#) with the average at 99.07 (yield 8.03#).
22/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 95.05 (yield 8.00#).
23/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged fran 101.05 (yield 7.80#) down to 100.70
(yield 7.99#) with the average at 100.80 (yield 7.94#).
2U Issued to Federal Reserve banks and Government accounts in exchange
for bonds maturing November 15, 1973.
25/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.21 (yield 6.75#) down to 100.63
(yield 6.87#) with the average at 100.88 (yield 6.82#).
26/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.49 (yield 6.73#) down to 100.09
(yield 6.94#) with the average at 100.14 (yield 6.91#).
27/ Sold at auction through competitive and noncompetitive bidding.
All accepted tenders were awarded at the price of 101.60 (yield 7.35#).
28/ Sale of a "strip" of Treasury bills consisting of an additional $100
million of each weekly series maturing from November 23, 1973,
through January 31, 1974.
29/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing February 15, 1974.
30/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 6 .88#) down to 100.00
(yield 6.98#) with the average at 100.10 (yield 6 .95#).
31/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.92 (yield 6.56#) down to 100.35
(yield 6.75#) with the average at 100.51 (yield 6.70#).
32/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 100.45 (yield 7 .46#).
33/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.11 (yield 7.94#) clown to 99.76
(yield 8 .13#) with the average at 99.85 (yield 8.08#).
3U Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing May 15, 1974.
35/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.68 (yield 8.56#) down to 99.96
(yield 8.76#) with the average at 100.07 (yield 8.73#).
36/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 100.57 (yield 8 .43#) down to 99.87
(yield 8.79#) with the average at 100.00 (yield 8.73#).
37/ Sold at auction through competitive and noncompetitive bidding. All
accepted tenders were awarded at the price of 102.85 (8 .23#).
38/ Sale of a "strip11 of Treasury bills consisting of an additional $100
million of each weekly series maturing from September 19 through
November 7, 1974.
39/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
40/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.28 (yield 8 .48#) down to 100.86
(yield 8.65#) with the average at 101.00 (yield 8.59#).
41/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 101.50 (yield 8.67#) down to 101.01
(yield 8.78#) with the average at 101.15 (yield 8.75#).
42/ Sold at auction through competitive and noncompetitive bidding.
Prices accepted ranged from 99.76 (yield 8.52#) down to 98.00 (yield
8.70#) with the average at 98.70 (yield 8.63#).
43/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
44/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 8.39# (price 99.75) down to 8.20#
(price 100.09) with the average at 8.34# (price 99 .84).
45/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.93# (price 99.787 down to 7.78# (price
100.349) with the average at 7.89# (price 99.937).
46/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
47/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.87# (price 99.685) down to 7.78#
(price 99.921) with the average at 7.85# (price 99.737).
48/ Sold at auction through competitive and noncompetitive bidding.
Yields accepted ranged from 7.86#.(price 99.416) down to 7.75#
(price 100.000) with the average at 7.82# (price 99.628).
49/ Sold at auction through competitive and noncompetitive bidding,
prices accepted ranged from 103.50 (yield 8.17#) down to 102.79
(yield 8 .23#) with the average at 103.04 (yield 8 .21#).
5Q / Sale of a "strip"af Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
p Preliminary.
December 1974
37
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Description of securities
Date- of
financing
Average price
per hundred
Effective
interest
rate
$2,102
$100.09
5.83#
2/
507
1,107
929
433
2,977
2,045
1,776
99.40
99.15
99.85
99.85
5.73
5.73
5.73
5.72
4-1/4#
3-3/4#
5-1/4#
3-7/8#
100.89
100.26
5.58
5.78
2/
2/
2,042
1,407
1,708
3,115
100.80
7.94
7.06
7.06
2/
99.80
99.80
220
1,511
1,731
100.14
100.14
3,037
702
3,739
Amount issued
(In millions)
1974
5-7/8#
1975
Note
12/31/74-F
12/28/72
5-3/4#
Note
2/15/75-A
2/15/68
5-7/8#
5-7/8#
Note
Note
2/15/75-E
5/15/75-F
10/22/71
4/3/72
8-3/8#
Note
9/30/75-G
9/4/73
11/15/75-D
8/15/71
Note
12/31/75-H
11/15/73
197b
6-1/4#
Note
2/15/76-A
2/15/69
5-7/8#
Note
2/15/76-F
8/15/72
7#
7#
Note
{
C
Eligible securities exchanged
Note
Bond
Note
Bond
-
8/15/68-C
8/15/68
11/15/68-D
11/15/68
8-I/4#
4#
Note Bond -
8/15/71-F
8/15/71
6.91
6.91
4-1/8#
2/
Bond -
11/15/73
99.75
99.75
6.29
6.29
5-5/8#
4#
Note Bond -
2/15/69-A
2/15/69
99.75
99.75
99.75
99.75
99.75
5.97
5.97
5.97
5.97
5.97
5#
4#
2-1/2#
6#
2-1/2#
Note
Bond
Bond
Note
Bond
99.85
99.50
99.50
99.50
8.08
2/
7.61
7.61
7.61
100.50
99.40
99.40
7.48
6.60
6.60
6-1/2#
4-7/8#
99.84
99.84
8.34
8.34
6#
2/
101.14
100.18
5.98
6.20
2/
2/
100.51
100.51
6.70
6.70
2,936p
2,391p
5,327p
101.00
101.00
8.59
752
1,512
2,264
234
394
2,026
-
8/15/72-E
8/15/72
9/15/67-72
ll/15/72-F
12/15/67-72
1-1/2#
4#
2-1/2#
Note Bond Bond -
10/1/69-E0
10/1/69
12/15/64-69
5#
Note Note Note -
ll/15/70-A
2/15/73-C
2/15/73-C
Note -
9/30/74-E
7-3/4#
2/
Note -
2/15/74-C
5-5/8#
2/
Note -
8A5/74-B
8.59
99.75
99.75
7.80
7.80
6-3/8#
4#
Note Bond -
8/15/70-D
8/15/70
99.07
99.07
99.07
7.92
7.92
7.92
8-1/8#
4#
2/
Note Bond -
8/15/73-B
8/15/73
1.059p
2,565p
3,624p
99.737
99.737
7.85
7.85
5-3/4'*
2/
Note -
ll/15/74-A
343p
240p
l,880p
100.07
100.07
100.07
8.73
8.73
8.73
7 -lM
Note Bond -
5/15/74-D
5/15/74
4,945
8#
Note
4/9/74
3/31/76-H
L 10/1/69
7-1/2#
Note
1/15/76-C
11/15/70
6-1/2#
8-1/4#
Note
Note
8/15/76-G
2/15/73
9/30/76-J
9/30/74
f
9/8/71
^ll/l5/72
6-1/4#
Note
11/15/76-D
1977
6-7/8#
Note
5/15/77-C
2/15/74
Note
5/15/77-D
8/15/74
l,532p
2‘
1,109
571
1,683
2,511
1,424
2,459
3,883
205p
l,817p
2 ,022p
1,283
3,041
(
307
2,258
3*562.-
9#
7-3/4#
7-3/4#
Note
Note
8/15/77-B
ll/15/77-E
11/15/74
1978
8-3/4#
N°te
Footnotes at end of table.
8/l5/78-C
5/15/74
t
{
* -i A #
2/
38
Treasury Bulletin
, PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations^Continued
Description of securities
Amount issued
(Tt' millions)
Average price
per hundred
Effective
interest
rate
$ 633
3,109
1,446
602
841
509
1,067
8,207
$ 99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05$
6.05
6.05
6.05
6.05
6.05
6.05
5-3/8*
7-3/4*
4-3/4*
6-3/4*
5*
3-7/8*
4*
7.89
6.73
6.73
2/
4-7/8* Note
2/
100.88
100.88
6.82
6.82
4-1/8* Bond
2/
99.00
99.50
99.50
4.07
4.04
4.04
2/
Series F&G savings bonds
2/
2,636
2,585
2,043
7,265
99.29
99.29
99.29
7.00
7.00
7.00
7-3/4$ Note
4-3/4$ Note
2/
2,461p
l,834p
4,275P
101.15
101.15
8.75
8.75
5-5/8$ Note
2/
25
302
1,515
1,842
100.28
100.28
100.28
6.95
6.95
6.95
7-3/4$ Note
4-1/8$ Bond
2/
202
411
195
807
99.20
99.20
99.20
7.11
7.11
7.11
8-1/4$ Note
Bond
4$
2/
_
11/15/74
949p
l,765p
2,714p
99.628
99.628
7.82
7.82
5-3/4$ Note
2/
_
11/15/74-A
5/15/72
505
100.60
6.34
2/
15
252
221
133
164
535
265
457
268
41
2,353
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
6.50
5$
4$
2-1/2$
6$
2-1/2$
5-3/4$
3-7/8$
5-3/4$
5-7/8$
2/
_
8/15/72-E
8/15/72
9/15/67-72
11/15/72-F
12/15/67-72
11/15/74-A
11/15/74
2/15/75-A
2/15/75-E
1,135
100.50
3.22
2/
98
487
187
58
36
268
58
24
1,216
99.75
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.15
6.15
6.15
6.15
6.15
6.15
6.15
6.15
5-3/8$
7-3/4$
4-3/4$
6-3/4$
5$
3-7/8$
4$
2/
*
5
360
365
101.00
101.00
101.00
4.19
4.19
4.19
Note
4$
3-1/4$ Note
2/
Date of
financing
1978
6l/b
Note
11/15/78-B
11/15/71
Note
Note
5/15/79-D
11/15/79-B
11/6/74
2/15/73
11/15/79-C
11/15/73
Eligible securities exchanged
Note
Note _
Note Note Note Bond Bond -
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
1979
7-7/8%
6-5/8%
7%
l,016p
595
1,009
1,604
220
2,021
99.937
99.40
99.40
_
2/15/73-D
_
11/15/73
2,241
Bond
2/15/80 1/
1/23/59
12/15/62
884
34
*
34
6-7/8%
Note
5/15/80-A
5/15/73
9%
Note
8/15/80-B
8/15/74
7%
Note
2/15/81-A
2/15/74
7%
Bond
8/15/81
7-3/4$
Note
11/15/81-B
6-3/8%
Bond
1981
2/15/82 1/
(
8/15/71
_
-
5/15/73-A
5/15/73-E
8/15/74-B
-
-
2/15/74-C
2/15/74
8/15/71-F
8/15/71
1984
6-3/8%
3-1/4$
Bond
Bond
8/15/84
5/15/85
8/15/72
6/3/58
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
_
-
1986
6-1/8%
Bond
11/15/86
11/15/71
1987
4-1/4$
Bond
Footnotes at end of Table.
8/15/87-92 1/
8/15/62
{
Note
Note
Note
Note
Note
Bond
Bond
_
11/15/71-B
11/15/71-G
5/15/72-B
5/15/72-D
8/15/72-E
11/15/71
8/15/72
-
8/15/62-B
8/15/62-G
_
_
-
December 1974
39
______________________________ PUBLIC DEBT OPERATIONS_______________________________
Description of securities
Date of
financing
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Bond
-
2/15/ 88-93
1/17/63
$£52
$99.85
4.Cl#
2/
Bond
-
8/15/88-93
r 8/15/73
93
333
500
925
99.05
95.05
95.05
8.00
8.00
8.00
8-1/8*
4*
2/
Note Bond -
136
100.14
100.14
7.78
7.78
4-1/8%
2/
Bond
100.45
100.45
100.45
7.68
7.68
7.68
7-3/4*
4-1/8*
y
Note
Bond
1 1
K\
Table PDO-5. - Unmatured M arketable S ecu rities Issued at a Prem ium or D iscount
Other than Advance R efunding O perations-C ontinued
300
100.55
4.09
2/
627
40
652
692
99.50
98.75
98.73
6.79
7.11
7.11
2/
7-3/4*
2/
Note
-
5/15/73-A
486p
400p
885p
98.70
98.70
8.46
8.46
5-5/8*
2/
Note
-
8/15/74-B
■sf -vf-Sf
OOO
8.37
8.37
8.37
5-3/4*
3-7/8*
2/
Note
Bond
- 11A5/74-A
- 11A5/74
7-1/2%
f11/15/73
1
7-1/2#
Bond
f
V
302
8/15/73-B
8/15/73
11/15/73
438
8/15/88-93
2/15/74
f
{
L
10
240
301
^ O
1958
4?
Eligible securities exchanged
551
1989
4-1/8#
1993
6-3/4#
7#
Bond
-
Bond
Bond
5/15/89-94
4/18/63
_
2/15/93
1/10/73
-
5/15/93-98
5/15/73
8/15/74
1994
8-1/2#
f
I
f
I
Bond
5A5/94-99 1/
<
[
\
V.
000
H
rH H
11A5/74
196p
142p
602p
941p
1/ Additional issue.
2/ Issued for cash.
*
p
Less than $500,000.
Preliminary.
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-6. - A llotm ents by Investor Classes on Subscriptions for Public M arketable S ecurities
Part A. - Other than Bills
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description 0 f securities
8/15/70 (7-3/4%
{ 7-3/4#
8/17/70 7-1/2#
11A5/70 f 7-1/4#
t 7-1/2#
11/16/70 6-3/4#
2/15/71 f 5-7/8#
\ 6-1/4#
5/15/71 / 5#
5-3/4#
6/29/71 6#
8/15/71 f 7#
I 7#
8/16/71 6-1/2#
9/8/71 6-1/4#
10/22/71 5-7/8#
f4-7/8#
11/15/71 f 6#
1,6-1/8#
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Note
Bond
Note
Note
Note
Note
Note
Bond
-
Note
Bond
Note
Note
Bond
Note
Note
Bond
Note
Note
Note
Bond
Note
Note
Note
y7%
Bond
[ 7-3/4# Note
\ 7-1/2# Bond
8-3/8# Note
(1%
Note
( 7#
Note
V7-1/2# Bond
f6-7/8# Note
( 7#
Note
V7-1/2# Bond
8#
Note
-
2/15/72 f 5-3/4#
^6-3/8#
4/3/72 5-7/8#
5/15/72 f 4-3/4#
\ 6-3/8#
?5-7/8#
8/15/72 ( 6-1/4#
v6-3/8#
10/19/72 6#
11/15/72 6-1/4#
12/28/72 5-7/8#
l/LO/73 6-3/4#
2/15/73 f 6-1/2#
\ 6-5/8#
5/15/73 f6-7/8#
8/15/73
9/4/73
11/15/73
2/15/74
4/9/74
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C
5/15/72-D
8/15/75-C
2/15/78-A
8/15/72-E
11/15/74-A
11/15/72-F
11/15/75-D
8/15/81
2/15/73-C
11/15/76-D
2/15/75-E
ll/l5/73-D
11/15/78-B
11/15/86
5/15/76-E
2/15/82
5/15/75-F
5/15/73-E
2/15/82
2/15/76-F
8/15/79-A
8/15/84
9/30/74-E
11/15/76-D
8/
8/
3,190
2,037
_
_
2,285
195
2,514
1,283
2,045
2,768
24
_
66
1,776
8/
8/
12/31/74-F
2/15/93
8/15/76-G
11/15/79-B
5/15/80-A
5/15/93-98
8/15/77-B 8/
8/15/88-93
9/30/75
12/31/75-H
11/15/79-C
8/15/88-93 8/
5A5/77-C
2/15/81-A
8/15/88-93 8/
3/31/76-H
f 8-3/4# Note - 6/30/76-1
5/15/74 ( 8-3/4# Note - 8/15/78-C
k 8-1/2# Bond - 5/15/94-99
For
cash
1,279
505
_
41
2,060
3,041
2,102
627
_
1,009
2,043
652
2,026
500
2,042
1,511
2,021
302
2,258
1,515
301
l,532p
2,047p
l,879p
309p
In
exchange
for
other
securi
ties
3,139
2,264
190
4,505
2,511
7,679
8,389
3,452
3,231
3,115
613
1,500
8,207
1,192
2,802
2,131
2,514
4,945
4,559
2,312
3,883
595
5,221
40
628
425
220
220
136
307
327
250
656
583
279
U.S. Gov
ernment
accounts Commer
cial
and
banks
Federal
Reserve 2J
Banks 2 /
150
479
190
838
811
2,319
2,722
1,457
1,046
592
351
1,500
2,915
673
420
554
2,514
1,028
1,437
1,180
105
1,392
595
5,275
140
630
665
61
220
220
136
307
327
250
35
656
583
279
1,929
967
1,664
2,481
1,033
1,593
3,586
3,122
1,351
1,257
2,071
1,542
112
2,036
1,046
1,833
1,566
3,197
296
1,446
777
1,605
1,231
353
2,557
1,606
512
1,990
2,230
2,062
291
1,878
556
1,320
102
1,438
83
1,097
1,003
1,366
83
1,519
1,094
173
1,016
1,224
1,315
106
Source:Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ Excludes 1-1/2# Treasury notes issued in exchange to holders of non~ marketable 2-3/4# Treasury bonds, investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2/ Includes trust companies and stock savings banks.
4 / Includes partnerships and personal trust accounts.
5/ Exclusive of banks and insurance companies.
Indi
vidu
als
U
166
74
656
292
94
119
235
431
138
246
19
130
210
57
15
9
15
240
31
85
221
15
6
15
84
166
82
9
24
6
40
71
23
111
14
183
34
188
Insur
ance
compa
nies
38
29
13
44
24
2
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
*
68
89
28
1
2
*
29
16
*
3
1
8
27
1
41
25
18
46
21
11
7
10
2
8
2
1
154
263
270
68
10
19
10
8
Mutual
Corpo
sav
rations
ings
banks 2/
38
22
43
37
10
4
34
90
13
26
3
35
9
5
1
1
4
33
1
26
29
4
*
*
33
44
7
1
3
3
6
5
*
2
*
4
6
_
*
1
7
8
10
10
1
62
35
78
61
40
11
91
98
30
38
8
37
8
36
5
35
52
51
4
36
27
24
4
1
202
43
23
3
31
1
42
59
1
49
39
41
28
9
Private
pension
and re
tirement
funds
6
20
18
13
7
3
22
133
13
26
2
9
2
2
1
1
1
19
2
5
21
1
*
*
3
24
31
*
2
*
2
17
*
6
1
1
2
7
73
136
4
38
22
4
8
6
2
1
*
*
23
9
13
3
14
14
10
8
State and local
governments 6/
Dealers
Pension
and
and re
Other
brokers
tire
funds
ment
funds
2
335
167
6
47
513
110
269
3
4
193
343
22
2
392
*
198
4
8
260
714
496
123
631
177
3
93
263
4
93
*
2
68
94
405
3
2
6
76
*
52
272
*
21
125
1
46
14
992
53
1,150
235
9
2
185
3
1
558
85
26
296
46
1
1
70
*
2
10
*
1
125
2
703
79
6
100
275
7
405
33
*
*
15
*
2
440
1
*
1
214
*
68
273
*
21
296
1
400
26
8
11
346
1
16
309
6
1
56
*
7
644
312
*
20
*
447
15
*
59
98
1
473
14
*
*
370
*
*
103
2
3
5
5
11
16
21
1
165
288
96
51
All
other
2/
248
72
325
205
77
104
334
424
135
196
111
209
24
52
67
104
84
311
13
117
121
54
26
10
186
769
45
41
202
29
2
104
112
71
30
23
23
22
47
16
35
151
6
9
100
201
125
56
6/ Consists of trust, sinking, and investment funds of State and loeal
governments and their agencies.
7/ Includes savings and loan associations, nonprofit institutions, and
investments of foreign balances and international accounts in this
country. Also included are certain Government deposit accounts and
Government-sponsored agencies.
8/ Reopening of earlier issue.
* Less than $500,000.
p Preliminary.
n.a. Not available.
41
December 1974
.PUBLIC DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series
(In millions of dollars)
Total amount issued
Date of
maturity
Date of
finaneing
Average
rate
One-year
series
Special
issues
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
7/31/72
8/31/72
9/30/72
10/31/72
f 4/30/73
\
7/31/73
I 5/31/73
\ 8/28/73
6/30/73
L 9/25/73
7/31/73
10/23/73
4.723
4.918
5.040
5.178
5.346
5.529
5.223
5.318
500
75
627
73
194
140
654
125
578
1,201
501
1,803
500
1,801
501
1,802
11/24/72
11/30/72
12/5/72
12/31/72
4.721
4/20/73
2,012
1,802
5.225
11/20/73
6/22/73
5.089
2,510
5.337
12/18/73
1,800
1/31/73
5.986
1/15/74
1,804
2/28/73
6.050
2/12/74
1,801
3/31/73
6.616
3/12/74
1,790
6.598
4/30/73
1,802
4/9/74
5/31/73
6.818
1,800
5/7/74
6/30/73
7.235
6/4/74
1,801
8.392
7/31/73
7/2/74
1,802
2,017
9.803
9/19/73
8/15/73
8.387
8/27/74
8/28/73
8.057
9/25/73
9/24/74
7.702
10/9/73
7/30/74
7.132
10/23/73
10/22/74
2,007
6.765
4/19/74
11/1/73
7.708
11/19/74
11/20/73
1,002 ^/
7.830
f 4/19/74
11/30/73
7.790
^ 6/21/74
2,000
6.880
12/17/74
12/18/73
6.948
1/14/75
1/15/74
2/11/75
6.342
2/12/74
1,516 5/
7.452
3/4/74
4/19/74
6.897
3A2/74
3/11/75
8.306
2,523 y
3/29/74
6/21/74
4/8/75
7.887
4/9/74
8.422
5/6/75
5/7/74
6/3/75
8.249
6/4/74
8.256
7A/75
7/2/74
7.836
7/29/75
7/30/74
1,502
9.652
9/20/74
8/7/74
8/26/75
9.564
8/27/74
9/23/75
9/24/74
8.341
10/21/75
7.629
10/22/74
1,476
6/19/75
7.933
11/4/74
Source: Based on subscription and allotment reports. For detail of
offerings see Table PDO-4.
l/ Reopening of one-year series.
2/ Includes trust funds and accounts that comprise Government accounts
under the unified budget concept.
2 / Exclusive of banks and insurance companies.
U.S. Gov
ernment
accounts
and Federal
Reserve
Banks 2/
609
_
728
747
745
760
715
500
625
727
_
1,805
1,802
1,804 6/
1,802
421
639
-
615
Commer
cial
banks
107
199
76
953
109
594
186
504
1,932
164
2,505
308
518
533
332
531
627
330
562
1,944
458
338
1,698
415
1,979
515
703
1,634
192
613
423_
1,504
618
2,500
392
539
Corpo
rations
2/
10
12
*
1
*
5
*
2
75
4
2
4
3
17
1
6
5
2
Dealers
and
brokers
All
other 4/
173
337
165
608
135
408
160
632
135
26
187
47
116
140
30
86
73
499
8
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
585
313
382
474
135
255
544
276
_
5
5
40
1
584
548
45
400
20
179
185
170
430
808
1
1,803
*
728
173
1,802
26
1,802
259
871
_
10
2
1,801
757
11
200
215
_
20
3
1,801
11
669
414
315
1,802
567
6
346
344
1,802
642
400
11
305
444
1,802
442
208
759 '
12
381
1,806
631
536
15
489
135
1,438
1
63
21
861r
435
1,803
336
150r
1,640
727
7
273
140
493
2,018
706
539
10
652
m
867
1
495
113
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government investment accounts.
Reopening of earlier issue.
% 42-week issue.
Less than $500,000.
r Revised.
-
1,801
600
-
_
10
-
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular W eekly Treasury B ills
Called or maturing securities 1/
Date of
refunding
or retire
ment
Description
5.953$ Bill
4.496$ Bill
7/31/72
5$
4$
Note
-
Bond
6$
Note
7/31/72
7/31/72
7/31/71
7/31/71
1,202
500
8/15/72-E
5/15/71
2,574
8/15/72
2-1/2$ Bond
8/15/72
Issue
date
9/15/72
- 11/15/72-F
< 2-1/2$ Bond
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
out
Cash
Exchange
standing
retire
security
ment
offered
12/15/72
9/15/62
10/20/41
6/29/71
11/15/45
2,574
1,453
1,453
1,951
2,285
2,547
7,212
3-7/8$ Bond 5/ -
11/15/74
12/2/57
2,236
2,236
5-3/4$ Note 5/ -
2/15/74-A
2/15/68
5,148
5,148
2,045
555
268
27,451
27,451
11,816
2,514
4,268
1,425
2,458
8/31/72
f 5.125$ Bill
^4.580$ Bill
8/31/72
8/31/72
8/31/71
8/31/71
9/15/72
2-1/2$ Bond
9/15/72
10/20/71
9/30/72
A . 279$ Bill
\ 3.930$ Bill
9/30/72
9/30/72
9/30/71
9/30/71
1-1/2$ Note
- 10/1/72-E0
10/1/67
33
f 4.490$ Bill
10/31/72
10/31/72
10/31/71
10/31/71
1,200
500
1,200^
10/1/72
10/31/72
i 3.891$ Bill
6$
11/15/72
11/30/72
12A5/72
12/31/72
1/31/73
2A 5/73
2/28/73
3/31/73
4/20/73
4/30/73
5/15/73
5/31/73
6/22/73
6/30/73
(
Note
4.563$ Bill
3.862$ Bill
2-1/2$ Band
3.927$
4.512$
3.936$
4.234$
6-1/2$
4-7/8$
‘ 4.091$
4.367$
‘ 4.661$
4.754$
1-1/2$
4.721$
4.362$
4.731$
7-3/4$
4-3/4$
(
4.465$
5.040$
5.089$
4.853$
5.346$
Bill
Bill
Bill
Bill
Note
Note
Bill
Bill
Bill
Bill
Note
Bill
Bill
Bill
Note
Note
Bill
Bill
Bill
Bill
Bill
454p
1,201
501
1,326 6/
1,201
i.,20lW
501
501)
-
12A5/72
11A5/45
1,351
1,351
..
12/31/72
12/31/72
12/31/71
12/31/71
1/31/72
1/31/72
1,200
1,200
50l|i/
1,200
500/2/
_
-
_
-
_
-
_
-
_
-
_
-
_
-
_
-
5/31/73
5/31/73
6/22/73
6/30/73
6/30/73
500
B/16/71
11/15/71
2,514
4,268
2/29/72
1,200
2/29/72
3/31/72
3/31/72
4/L /68
11/24/72 .
4/30/72
4/30/72
10A/69
5A5/72
5/31/72
5/31/72
12/5/72
6/30/72
6/30/72
501
1,2
1,201
501
34
2,012
1,200
500
5,844
3,792
1,200
500
2,510
1,201
500
(5-7/8$
<6-1/4$
|6-3/8$
Note
Note
Bond
(6-1/4$
\6-3/8$
Note
Bond
-
(6-1/4$
\6-3/8$
Note
Bond
-
£-1/4$
\6-3/8$
Note
Bond
-
/6-l/4$
(6-3/8$
Note
Bond
-
612
500 J 2 /
1,326
1,200
Note
Note
Bond
33
6/29/71
1/31/73
1/31/73
2A5/73
2A5/73
2/28/73
2/28/73
3/31/73
3/31/73
4A/73-EA
4/20/73
4/30/73
4/30/73
5A5/73-A
5A5/73-E
£-7/8$
<6-1/4$
|6-3/8$
_
501J 2 /
11/30/71
11/30/71
_
_
1,201^
11/30/72
11/30/72
-
Note
Note
Bond
454P
11/15/72-F
501
|5-7/8$
<6-1/4$
\6-3/8$
1,200 \
500j
_
-
-
Note
Note
Bond
_
379
(5-7/8$
<6-1/4$
\6-3/8$
756
265
2,045
1,200
500
Note
Note
Bond
2,547
7,212
Total..... .
^5-7/8$
<6-1/4$
|6-3/8$
-
232
2,285
11/15/67
10/22/71
Turned
in for
cash 2/
1,951
ll/15/74-A
2/15/75-E
Ex
changed
Description of new
securities offered
(See also Table PDO-4)
1-202^3/
500J *
5-3/4$ Note 5/ -
5-7/8$ Note f/ -
Results of ex
change offers
2,663 2/
2,598 g/
1,089
1,810 2/
-
-
-
-
_
-
_
_
_
_
!4,945 of 5-7/8$ Note
4,559 of 6-1/4$ Note
[2,312 of 6-3/8$ Bond
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
F-1976
A-1979
8/15/84
A-1979
8A5/84
A-1979
8/15/84
A-1979
8/15/84
A-1979
8/15/84
December 1974
43
.PUBLIC DEBT OPERATIONS.
Table PDO-7. - Disposition of Public Marketable securities
Other than Regular Weekly Treasury B ills —Continued
Called or maturing securities 1/
Date of
refunding
or retire
ment
Issue
date
Description
(Dollar amounts in millions)
Disposition offers
by Treasury
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
7/31/73
4.918# Bill
5.223# Bill
7/31/73
7/31/73
7/31/72
7/31/72
1,201
501
l,2 0 i\
501 h /
8/15/73
■Note
1Bond
8/15/73-Q
8/15/73
2/15/70
9/15/63
1,839
3,894
3 ,1 6 6 ^
S/28/73
5.178# BUI
8/28/73
8/31/72
1,803
1,803 y
9/19/73
9.803# Bill
9/19/73
8/15/73
2,017
2,017 V
9/25/73
9/30/72
1,801
1,801 2/
Note
Bill
Bond
Bill
Bill
10/1/73-E0
10/23/73
11/15/73
11/20/73
12/18/73
10/1/68
10/31/72
7/22/64
11/30/72
12/31/72
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
1A5/74
5.986# Bill
1/15/74
1/31/73
1,804
1,804
2A2/74
6.050# Bill
2/28/73
8/15/70
1/15/65
1,801
f 7-3/4# Note
V 4-1/8$ Bond
2/12/74
2/15/74-C
1,801
2/15/74
2,960
2,466
2,621
1,902
3/31/73
4/1/69
4/30/73
11/1/73
llA / 7 3
11/1/73
1,790
34
1,802
2,007
1,002
1,516
1,790
9/25/73
10/1/73
10/23/73
11/15/73
3/12/74
4A/74
4/9/74
4A9/74
5/7/74
5/15/74
5.529# Bill
1-1/2#
5.318#
4-1/8#
5.225#
5.337%
2/15/74
(
6.616# Bill
1-1/2# Note
6.598# Bill
3/12/74
4/1/74-EA
4/9/74
6.765# Bill
7.830# Bill
7.452# Bill
4A9/74
4A9/74
6.818# Bill
5/7/74
5/31/73
1,800
34
1,802
2,00ft
1,002U/
1,51$J
1,800
f 7-1/4# Note
i 4-1/4# Bond
5/15/74-D
5/15/74
11/15/70
5/15/64
4,33-'
2,847
3,335
2,328
4/19/74
7.235# Bill
6/4/74
6/30/73
1,801
1,801
6/21/74
6/21/74
11/30/73
11/30/73
7/2/74
7/31/73
2,000
2,523
1,802
2,00<3|
2,52^4/
7/2/74
f 7.790# Bill
\ 8.306# Bill
8.392# Bill
1,802
7/30/74
7.702# Bill
7/30/74
10/9/73
1,804
1,804
8/15/74
5-5/8# Note
8/15/74-B
8/15/68
10,284
4,401
8/27/74
8.387# Bill
8/27/74
8/28/73
1,804
1,804
9/20/74
9.652# Bill
9/20/74
8/7/74
1,526
1,526 V
9/24/74
8.057# Bill
9/24/74
9/25/73
1,802
1,802
9/30/74
6#
9/30/74-E
10/19/72
2,060
1,855
6/4M
6/21/74
Note
10/22/74
7.132# Bill
10/22/74
10/23/73
1,802
1,802
11/15/74
5-3/4# Note
3-7/8# Bond
ll/l5/74-A
11/15/74
11/15/67
12/2/57
5,442
1,213
3,238
1,071
11/19/74
11/20/73
1,801
1,801
13/19/74
7.708# Bill
Footnotes on following page.
-
325 10/
728 11/
576 12^
342 12/
542 14/
999 15/
519 16/
5,883 1Z/
205 18/
2,204 12/
142
42 20/
__
Results of ex
change offers
Exchanged
Turned
in for
cash 2/
Description of new
securities offered
(See also Table PDO-4)
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS
Footnotes to Table PDO-7
Source:
Bureau of the Public Debt.
1/ Original call and maturity dates are used.
2/ All by investors other than Federal Reserve banks.
2 / Rolled over into new bills
(see Table PDO-4).
i j Tax anticipation issue: for detail of offerings beginning July 1972,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Notes" below.
5/ Subscribers 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 or redemption
of securities received in the exchange. Any gain to the extent that
cash was received by the subscriber (other than as an interest
adjustment) must be recognized in the year of the exchange.
6/ Public holders of these securities were not given preemptive rights
to exchange them but they could be used in payment for new securities
allotted.
7/ Of this amount $595 million was exchanged by Federal Reserve banks
and Government accounts for 6-5/8$ notes of Series B-1979. Other
holders of the maturing notes were not given preemptive rights to
exchange their holdings for the 6-5/8$ notes.
8/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 6-7/8$ notes of Series A-1980 and $40 million of 7$ bonds
of 1993-98 issued May 15, 1973.
9/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8$
notes of Series A-1980 issued May 15, 1973.
10/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4$ notes of Series B-1977 and $92 million of 7-l/2$
bonds of 1988-93 issued August 15, 1973.
11/ Exchanged by Federal Reserve banks and Government accounts for $495
million of 7-3/4$ notes of Series B-1977 and $233 million of 7-l/2$
bonds of 1988-93 issued August 15, 1973.
12/ 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 $136 million of 7-1/2$ bonds of 1988-93 issued
November 15, 1973.
13/ Exchanged by Federal Reserve banks and Government accounts for $307
million of 6-7/8$ notes of Series C-1977, $25 million of 7$ notes of
Series A-1981 issued February 15, 1974, and $10 million of 7-1/2$
bonds of 1988-93 issued February 28, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for $302
million of 7$ notes of Series A-1981 issued February 15, 1974, and
$240 million of 7-1/2$ bonds of 1988-93 issued February 28, 1974.
15/ Exchanged by Federal Reserve banks and Government accounts for $656
million of 8-3/4$ notes of Series 1-1976 and $343 million of 8-3/4$
notes of Series C-1978 issued May 15,1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $240
million of 8-3/4$ notes of Series C-1978 and $279 million of 8-1/2$
bonds of 1994-99 issued May 15, 1974.
17/ Exchanged by Federal Reserve banks and Government accounts for $2,936
million of 9$ notes of Series D-1977, $2,461 million of 9$ notes of
Series B-1980 and $486 million of 8-1/2$ bonds of 1994-99 issued
August 15, 1974.
18/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4$
notes of Series J-1976 issued September 30, 1974.
19/ Exchanged by Federal Reserve banks and Government accounts for $1,059
million of 7-3/4$ notes of Series E-1977, $949 million of 7-3/4$ notes
of Series &-1981 and $196 million of 8-1/2$ bonds of 1994-99 issued
November 15, 1974.
20/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2$
bonds of 1994-99 issued November 15, 1974.
p Preliminary.
Note: Information on retirement of tax anticipation issues referred to
in footnote 4. in millions of dollars:
Date of
retirement
Securities
4/ 20/73
6/ 22/73
Bill
Bill
Bill
Bill
Bill
Bill
9A9A3
4A9/74
6/21/74
9/20/74
Total
amount
retired
Redeemed
for
taxes
Redeemed
for
cash
2,012
912
2,510
1,687
823
2,017
4,525
4,522
49£
817
836
1,523
3,708
3,686
1,526
402
1,124
1,100
45
December 1974
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O ffic ia l In stitutions o f Foreign Counties
(Payable In U.S. Dollars; dollar amounts in millions)
Month of
activity
r
f
Maturity
date
Interest
rate
(Percent)
4/05/73
4/17/73
4/17/73
4/18/73
4/18/73
4/19/73
4/19/73
4/26/73
5/14/73
6/20/73
6/26/73
7/05/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
< 7/17/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
7/18/73
7/18/73
7/19/73
7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/26/73
7/27/73
7/30/73
L 7/31/73
f 12/31/68
7/07/71
I 7/14/71
4/27/72
7/09/73
7/16/73
w 7/19/73
7/05/73
7/17/73
7/17/73
7/18/73
7/18/73
7/19/73
7/19/73
7/26/73
8/14/73
9/20/73
9/26/73
10/05/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/26/73
10/29/73
10/30/73
10/31/73
7/02/73
7/09/73
7/16/73
7/19/73
7/08/80
7/15/80
10/24/74
6.55
6.20
6.20
6.20
6.20
6.20
6.20
6.25
6.15
7.30
7.25
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
6.00
6.45
6.30
4.60
7.20
7.30
8.10
5/2/73
5/7/73
5/9/73
5/14/73
5/14/73
5/16/73
5/16/73
5/23/73
6/6/73
6/6/73
6/7/73
7/12/73
7/13/73
7/13/73
7/13/73
7/16/73
7/16/73
7/17/73
7/17/73
7/17/73
7/18/73
7/18/73
7/18/73
/ Certificates of indebtedness < 7/19/73
7/19/73
7/19/73
7/23/73
7/23/73
7/24/73
7/27/73
7/30/73
7/31/73
8/1/73
8/2/73
8/2/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/23/73
9/6/73
9/6/73
9/7/73
10/12/73
10/15/73
10/15/73
10/15/73
10/16/73
10/16/73
10/17/73
10/17/73
10/17/73
10/18/73
10/18/73
10/18/73
10/19/73
10/19/73
10/19/73
10/23/73
10/23/73
10/24/73
10/29/73
10/30/73
10/31/73
11/1/73
11/2/73
11/2/73
6.30
6.30
6.15
6.15
6.15
6.20
6.20
6.45
7.15
7.15
7.15
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00
8.15
8.15
8.15
8.15
8.35
8.35
8.35
8.35
Certificates of indebtedness
1973-July.
Notes
Aug.
Issue
date
Securities
Amount
Issued
Retired
Total outstanding
end of month
44
250
70
11
25
40
50
25
261
489
15
44
2
3
20
30
8
17
250
70
1
5
7
11
25
1
3
14
40
50
6
24
5
18
1
25
24
53
264
> 26,420
100
200
200
175
200
200
175
55
413
105
1,170
70
15
65
30
135
109
89
2
20
14
55
16
3
30
8
17
7
5
1
3
14
1
8
16
6
5
18
1
24
53
3
14
16
> 26,159
46
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Jssued to Official Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
activity
Securities
Notes
1973-Sept.
/ Certificates of indebtedness
Notes
Certificates of indebtedness
Oct.
Notes
Issue
date
Maturity
date
Interest
rate
(Percent)
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/22/73
8/23/73
8/23/73
8/29/73
8/31/73
5/25/72
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
8/23/73
8.50
8.50
9.00
9.00
9.00
9.00
8.95
8.95
8.95
8.70
8.70
4.67
' 6/06/73
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
6/22/72
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
9/28/73
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
10/19/73
10/25/73
10/26/73
10/31/73
7/20/72
9/06/73
9/06/73
9/07/73
9/20/73
9/26/73
9/28/73
11/09/73
11/29/73
10/09/73
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
9/20/73
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
3/31/74
10/18/73
7.15
7.15
7.15
7.30
7.25
7.25
8.50
8.70
8.80
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
10/01/73
12/19/74
7.50
1/23/75
7.10
10/18/73
4.95
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
5.00
Amount
Issued
413
105
1,170
70
15
65
45
8
30
1
472
-
Retired
Total outstanding
end of month
_
8
_
_
_
45
8
_
_
-
150
2,503
466
100
200
885
652
38
1
_
-
158
2,533
158
158
100
4
31
200
10
87
46
66
27
901
73
92
4
664
-
-
58
104
215
158
95
21
45
250
11
50
31
3
25
417
-
50
200
-
)26,420
4
-
200
44
70
250
11
25
9
50
31
25
261
19
30
158
100
31
10
46
66
150
4
300
_
-
21
-
50
14
3
-
200
-
> 26,175
47
December 1974
.PUBLIC DEBT OPERATIONS
Table PDO-8. - Foreign Series S ecurities (Nonmarketable)
Issued to O fficia l Institutions of Foreign Countries—Continued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1973-Nov.
Securities
Certificates of indebtedness
Notes
Certificates of indebtedness
Dec.
Notes
Certificates of indebtedness
1974-Jan.
Notes
Issue
date
Maturity
date
Interest
rate
(Percent)
5/9/73
5/14/73
5/17/73
5/30/73
6/6/73
8/2/73
8/7/73
8/9/73
8/14/73
8/14/73
8/16/73
8/16/73
8/31/73
9/6/73
9/6/73
9/26/73
9/26/73
9/28/73
10/19/73
11/2/73
11/7/73
11/9/73
11/9/73
11/9/73
11/14/73
11/14/73
11/14/73
11/16/73
11/16/73
11/16/73
11/30/73
11/30/73
11/30/73
11/30/73
8/24/72
11/29/73
9/20/73
9/24/73
9/25/73
9/26/73
9/27/73
10/1/73
12/20/73
12/21/73
12/27/73
12/27/73
12/28/73
12/31/73
2/2/72
9/21/72
12/27/73
10/2/73
10/2/73
10/9/73
10/9/73
10/17/73
10/17/73
10/18/73
10/19/73
10/26/73
10/31/73
12/20/73
12/27/73
12/31/73
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/18/74
1/25/74
1/31/74
10/26/72
1/24/74
11/2/73
11/7/73
11/9/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/9/73
11/14/73
11/16/73
11/30/73
12/6/73
11/2/73
11/7/73
11/9/73
11/14/73
11/14/73
11/16/73
11/16/73
11/30/73
12/6/73
12/6/73
12/26/73
12/26/73
12/28/73
1/28/74
2/1/74
2/7/74
2/8/74
2/8/74
5/9/74
5/14/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
5/30/74
5/30/74
2/28/74
12/19/74
12/20/73
12/21/73
12/27/73
12/28/73
12/27/73
12/31/73
3/20/74
3/21/74
3/27/74
3/27/74
3/28/74
4/1/74
12/3/73
12/27/73
1/9/75
1/2/74
1/2/74
1/9/74
1/9/74
1/17/74
1/17/74
1/18/74
1/18/74
1/25/74
1/31/74
3/20/74
3/27/74
4/1/74
4/2/74
4/2/74
4/9/74
4/9/74
4/17/74
4/18/74
4/25/74
5/1/74
1/24/74
4/24/75
2/1/74
2/7/74
2/8/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
6.45
6.45
6.45
6.90
7.25
8.35
8.50
8.50
Amount
Issued
1,500
706
100
20
55
413
40
1,170
70
65
15
472
2,533
158
150
601
364
9.00
9.00
8.10
8.00
8.40
8.65
8.65
8.65
8.65
8.65
7.70
7.70
7.70
7.70
5.50
7.20
8.80
8.80
7.35
7.35
7.35
7.35
7.40
7.40
7.35
7.35
7.35
7.40
4.80
5.60
7.12
7.15
7.15
7.35
7.35
7.20
7.20
7.20
7.20
6.95
7.20
7.40
7.35
7.40
7.40
7.40
7.65
7.65
8.00
8.00
8.00
7.80
5.60
7.35
7.20
8.10
8.10
8.10
8.65
8.65
8.65
8.65
Total outstanding
end of month
1,480
9.00
9..00
3.70
8.80
8.80
7.35
7.35
7.35
7.20
7.20
8.10
8.10
Retired
10
55
413
40
33
1,480
1,500
1,170
70
65
15
626
472
2,533
426
20
158
200
200
200
86
26
73
92
58
204
88
26
92
73
59
22
200
200
104
215
158
95
250
45
11
106
215
158
95
180
7
25
123
7
25
417
30
92
59
106
200
200
55
413
40
33
70
1,170
65
200
} 24,477
Treasury Bulletin
48
.PUBLIC DEBT OPERATIONS
Table PDO-8. -Foreign Series S ecurities (N onm arketable)
Issued to O fficia l In stitu tion s of Foreign C ou n tries-C on tin u ed
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
1974-Feb.
Issue
date
Securities
2/15/74
2/28/74
2/28/74
3/28/74
5/2/74
5/7/74
5/8/74
5/14/74
5/14/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/28/74
5/28/74
8.65
7.70
7.70
7.35
7.80
6.95
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.10
7.20
7.20
9/6/73
12/20/73
12/21/73
12/27/73
12/28/73
1/9/74
2/7/74
2/14/74
3/1/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
. 3/26/74
1/02/74
1/09/74
1/17/74
1/18/74
3/25/74
4/01/74
4/02/74
4/08/74
4/09/74
4/09/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
4/26/74
4/30/74
; 1/25/73
4/25/74
*11/09/73
11/14/73
11/30/73
1/31/74
2/01/74
2/08/74
2/14/74
2A4/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
3/01/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/09/74
5/14/74
5/14/74
5/14/74
5/15/74
5/15/74
5/14/74
5A5/74
3/6/74
3/20/74
3/21/74
3/27/74
3/28/74
4/9/74
5/7/74
5/14/74
5/31/74
6/6/74
6/12/74
6/13/74
6/18/74
6/21/74
6/21/74
6/25/74
6/26/74
4/02/74
4/09/74
4/17/74
4/18/74
4/25/74
7/01/74
7/02/74
7/08/74
7/09/74
10/09/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/30/74
8.75
7.40
7.40
7.35
7.35
7.65
6.95
7.10
7.20
7.70
7.95
7.95
7.95
8.05
8.05
8.05
4/25/74
7/24/75
5/09/74
5/14/74
5/30/74
5/01/74
5/02/74
5/08/74
5A4/74
5A4/74
5/15/74
5/15/74
5/15/74
5/28/74
5/28/74
5/31/74
8/01/74
8/02/74
8/02/74
8/08/74
6/20/74
6/27/74
7/05/74
7/11/74
7/18/74
7/25/74
8/01/74
8/08/74
7A5/74
8A2/74
9A6/74
8A4/74
S/14/74
8A5/74
8A 5/74
5.93
8.40
\Certificates of indebtedness
Apr.
May.
Certificates of indebtedness
Certificates of indebtedness
\ Certificates of indebtedness
Interest
rate
(Percent)
11/16/73
11/30/73
11/30/73
12/28/73
2/1/74
2/7/74
2/8/74
2/14/74
2/14/74
2/15/74
2/15/74
2/15/74
2/28/74
2/28/74
2/28/74
2/28/74
’
Mar.
Maturity
date
8.30
Amount
Issued
10
23,762
55
421
40
70
1,196
65
204
15
80
80
3,000
14
158
174
88
77
165
26
63
95
421
106
4
12
21
486
87
68
49
10
215
158
180
7
25
8.00
8.00
8.00
62
219
12
79
79
180
7
167
150
25
50
17
23
► 24,086
200
200
8.00
8.40
7.70
7.80
7.80
6.95
7.10
7.10
7.10
7.10
7.10
7.20
7.20
7.20
8.90
8.90
8.90
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
8.05
8.05
Total outstanding
end of month
15
158
3,005
7.40
7.65
8.30
8.35
8.35
8.65
8.40
8.05
8.05
8.05
8.05
7.85
7.85
7.85
8.90
Retired
1,480
1,500
20
123
55
40
1,090
70
65
204
15
3,014
80
73
123
160
55
40
200
200
200
200
200
200
200
100
890
890
890
70
65
208
15
>24,400
December 1974
49
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O ffic ia l In stitu tion s o f Foreign Countries—C ontinued
(Payable in U.S. Dollars; dollar amounts in millions)
Month of
Activity
Issue
date
Securities
(
v.
Notes
Certificates of indebtedness
1974-June.
(
Notes
Certificates of indebtedness
July.
Notes
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/28/74
5/30/74
5/31/74
2/22/73
5/23/74
3/6/74
3/12/74
3/13/74
3/18/74
3/21/74
3/22/74
3/25/74
3/26/74
4/1/74
4/8/74
4/26/74
4/30/74
5/9/74
5/9/74
5/28/74
5/28/74
6/6/74
6/6/74
6/10/74
6/12/74
6/13/74
6/21/74
6/25/74
6/26/74
6/25/71
3/22/73
3/29/73
6/5/74
6/25/74 '
6/27/74
4/1/74
4/2/74
4/9/74
4/17/74
4/18/74
4/18/74
4/19/74
4/25/74
4/25/74
5/9/74
5/9/74
5/9/74
5/9/74
5/14/74
5/28/74
5/31/74
6/13/74
6/23/74
6/25/74
7/1/74
7/2/74
7/9/74
7/15/74
7/16/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/26/74
7/29/74
7/31/74
4/26/71
7/7/71
7/14/71
7/8/74
7/15/74
7/25/74
Maturity
date
7/29/74
8/08/74
8A 5/74
8/22/74
8/28/74
9/30/74
9/30/74
12/02/74
8/30/74
5/23/74
8/28/75
6/6/74
6/12/74
6/13/74
6/4/74
6/21/74
6/21/74
6/25/74
6/26/74
7/1/74
7/8/74
7/26/74
7/30/74
6/20/74
6/27/74
7/29/74
8/28/74
11/6/74
12/6/74
9/10/74
9/12/74
9/13/74
9/20/74
9/25/74
9/26/74
6/25/74
6/27/74
6/27/74
6/5/81
6/25/81
10/2/75
7/1/74
7/2/74
7/9/74
7/17/74
7/18/74
7/18/74
7/19/74
7/25/74
7/25/74
7/5/74
7/11/74
7/18/74
7/25/74
7/15/74
7/29/74
8/30/74
9/13/74
9/20/74
9/25/74
10/1/74
10/2/74
1/9/75
10/15/74
10/17/74
10/17/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
10/25/74
10/29/74
8/2/74
7/25/74
7/8/74
7/15/74
7/8/81
7/15/81
10/30/75
Amount
Interest
rate
(Percent)
7.60
7.70
7.65
7.75
8.00
7.85
7.85
8.20
8.00
6.15
8.30
7.70
7.95
7.95
7.95
8.05
8.05
8.05
8.30
8.30
8.35
7.85
8.90
9.05
9.05
7.60
8.00
8.10
8.45
8.30
8.30
8.30
8.20
7.85
7.85
6.45
7.00
6.80
2.50
7.90
8.40
8.30
8.35
8.65
8.05
8.05
8.05
8.05
7.85
7.85
9.05
9.05
9.05
9.05
8.05
7.60
8.00
8.30
8.20
7.85
7.85
7.80
8.35
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7.60
7.60
7.60
7.70
6.75
6.65
6.60
8.25
8.25
8.10
Retired
Total outstanding
end of month
850
100
200
200
864
850
80
20
73
300
300
165
12
21
486
87
68
49
10
14
12
17
23
200
200
441
14
82
82
17
12
21
155
49
10
23,412
17
12
10
600
100
200
445
600
300
48
219
79
890
250
180
170
7
150
50
25
2
409
132
48
219
79
180
167
7
150
50
25
200
200
200
200
890
409
9
21
68
49
48
275
200
200
200
200
275
>
22,802
Treasury Bulletin
50
______________ 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
Maturity
date
Interest
rate
( Percent)
2/28/74
5/01/74
5/02/74
5/02/74
5/08/74
5/09/74
5/09/74
5A4/74
5/14/74
5/15/74
5A 5/74
5/ 15/74
5/28/74
5/28/74
< 5/28/74
5/28/74
5/31/74
7/31/74
8/01/74
8/02/74
8/08/74
8A2/74
8A3/74
8A3/74
8/13/74
8/13/74
8/14/74
8/14/74
8A5/74
8/15/74
8/28/74
^ 8/28/74
8/28/74
8/01/74
8/02/74
8/02/74
8/08/74
8/01/74
8/08/74
8A2/74
8A4/74
8A4/74
8A5/74
8A5/74
8/08/74
8A5/74
8/22/74
8/28/74
8/30/74
8/02/74
11/01/74
11/04/74
11/08/74
11/12/74
11/13/74
11/13/74
11/13/74
11/13/74
11A4/74
11/14/74
11/15/74
11/15/74
11/27/74
1/28/75
f
5/24/73
8/22/74
8/22/74
11/28/75
7.10
8.90
8.90
8.90
9.05
9.05
9.05
8.05
8.05
8.05
8.05
8.05
7.70
7.65
7.75
8.00
8.00
7.70
7.70
7.70
8.50
8.50
8.80
8.80
8.80
8.80
8.80
8.80
8.80
8.80
9.90
9.40
7.00
8.90
5/l4/?4
5/28/74
5/28/74
6/21/74
7/02/74
7A5/74
7/29/74
8/01/74
9/05/74
9A6/74
9/20/74
9/30/74
9/16/74
9/30/74
9/30/74
9/20/74
10/02/74
10A5/74
10/29/74
11/01/74
3/06/75
12A6/74
12/20/74
10/31/74
8.05
7.85
7.85
8.20
7.80
7.90
7.60
7.70
9.88
9.10
8.20
6.10
6/21/73
9A9/74
r 4/09/74
7/15/74
7A6/74
7A7/74
7A8/74
7/18/74
7A9/74
7/25/74
7/25/74
9/05/74
9/30/74
10/09/74
10/09/74
10A1/74
10A5/74
10A5/74
10/17/74
< 10/17/74
10/18/74
10/18/74
10/18/74
10A8/74
10/18/74
10/21/74
10/21/74
10/22/74
10/24/74
10/24/74
10/25/74
10/25/74
10/29/74
10/31/74
9A9/74
12A8/75
1/06/75
1A5/75
1A7/75
1A7/75
1/21/75
1/23/75
1/23/75
10/30/74
10/30/74
1/24/75
1/24/75
1A5/75
4/30/75
7.10
8.35
8.40
7.90
7.55
7.70
7.70
7.70
7.70
7.60
7*60
9.88
6.10
7.75
6.40
6.70
7.75
7.75
7.75
7.75
6.95
7.70
7.70
7.75
7.75
7.75
7.60
7.45
8.55
8.55
7.55
7.55
7.90
7.90
10/24/74
10/01/81
1/29/76
8.10
2.50
7.80
Issue
date
Securities
✓
1974-Aug...................................... Certificates of indebtedness
Notes
f
t
f
Sept............. Certificates of indebtedness
<
,
Notes
V,
Oct.............. (Certificates of indebtedness
f
\
( 7A9/73
Notes
\
/ 10/01/74
\ 10/24/74
10/09/74
10/15/74
10/17/74
10A7/74
10/18/74
10/18/74
10/21/74
10/25/74
10/25/74
3/06/75
10/31/74
4/09/75
12/04/74
lAo/75
1A 5/75
1A 5/75
1A 7/75
1A 7/75
12/ 04/74
Amount
Issued
_
_
_
_
_
_
_
_
_
_
_
_
_
-
_
_
73
55
40
890
2
_
_
5
70
65
212
15
850
80
_
240
_
_
_
_
_
_
2,000
890
60
80
_
200
_
_
_
_
_
_
_
_
_
79
2
78
16
4a
180
6
2
1
3
7
174
150
132
100
2
_
25
4
5
80
_
212
175
Retired
Total outstanding
end of month
80
123
55
160
40
200
100
890
70
65
208
15
100
200
200
850
65
132
_
_
_
_
_
2
5
_
_
_
_
_
_
-
/)
01 OUU
Ann
240
890
850
80
83
219
449
409
73
«<
^
21,577
_
_
200
79
441
250
180
7
170
150
25
50
300
80
•>
_
_
_
_
_
_
_
_
^
_
_
_
_
_
_
_
_
2
_
_
175
>
21,544
51
December 1974
. PUBLIC DEBT OPERATIONS.
T able PD O-8. - Foreign Series S ecu rities (N onm arketable)
Issued to O ffic ia l In stitu tion s o f Foreign C ou n tries—C ontinued
(Payable in U.S. Dollars: dollar amounts in millions)
Month of
Activity
Nov.
Securities
Certificates of Indebtedness
Source: Bureau of the Public Debt.
* Less than $500,000.
Issue
date
6-06-74
8-02-74
8-08-74
8-12-74
8-14-74
8-15-74
8-15-74
8-28-74
9-05-74
9-05-74
9-05-74
11-04-74
11-04-74
11-06-74
11-08-74
11-12-74
11-12-74
11-12-74
11-12-74
11-12-74
11-12-74
11-14-74
11-15-74
11-15-74
11-18-74
11-20-74
11-20-74
11-20-74
11-20-74
11-20-74
11-20-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-21-74
11-22-74
11-26-74
11-27-74
11-27-74
Maturity
date
Interest
rate
(Percent)
11-06-74
11-04-74
11-08-74
11-12-74
11-14-74
11-15-74
11-15-74
11-27-74
3-06-75
3-06-75
3-06-75
2-04-75
2-15-75
3-06-75
2-07-75
2-11-75
2-11-75
2-11-75
2-11-75
2-11-75
2-11-75
2-14-75
2-13-75
2-14-75
2-18-75
1-15-75
2-20-75
2-20-75
2-20-75
2-20-75
2-20-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-21-75
2-26-75
2-27-75
2-27-75
8.10
7.70
8.50
8.50
8.80
8.80
8.80
9.90
9.88
9.88
9.88
7.90
7.70
7.65
7.90
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.60
7.25
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.55
7.35
7.35
7.35
Amount
Issued
Retired
Total outstanding
end of month
82
55
40
890
135
15
212
850
200
200
200
55
5
82
40
6
26
2
890
135
216
15
40
*
1
10
400
57
12
16
13
13
850
>21,525
Treasury Bulletin
52
.PUBLIC DEBT OPERATIONS.
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issued to O fficia l In stitu tion s o f Foreign C ountries
(Dollar amounts in millions)
Amount
(Dollar equivalent)
Month of
activity
1972-July.
Aug..
Payable
in —
Securities
{
Certificates of indebtedness
Notes
Certificates of indebtedness
8/4/72
2/2/73
3.625
4.25
57
Swiss francs
Swiss francs
6/1/71
9/1/72
9/1/72
11/30/73
5.15
5.50
29
4/1/68
7/6/71
10/6/72
10/2/72
10/6/72
1/7/74
5.73
6.15
5.70
francs
francs
francs
francs
8/6/71
8/19/71
11/6/72
11/20/74
11/6/72
11/20/72
2/6/74
2/20/74
6.35
5.65
5.40
5.25
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
6/24/68
9/10/71
9/13/71
12/11/72
12/13/72
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
6.25
5.45
5.55
5.50
5.47
285
26
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
114
f Swiss francs
) Swiss francs
10/8/71
10/29/71
1/8/73
1/29/73
1/8/73
1/29/73
4/8/74
4/29/74
5.25
4.85
5.70
6.00
35
45
Swiss francs
Swiss francs
8/4/72
2/2/73
2/2/73
4.25
5.75
57
German marks
8/19/69
2/19/73
3.05
Swiss francs
Swiss francs
Swiss francs
A
\ Swiss francs
12/9/71
3/9/73
3/9/73
6/7/74
4.80
6.625
129
1/19/73
2/2/73
7/19/73
8/2/73
5.25
5.75
10
5
10/2/69
8/27/71
5/18/72
5/30/72
9/1/72
10/6/72
11/6/72
12/11/72
12/13/72
1/8/73
1/29/73
10/2/73
8/27/73
8/20/73
8/30/73
11/30/73
1/7/74
2/6/74
2/20/74
3/11/74
3/13/74
4/8/74
4/29/74
2.051
5.67
4.77
4.55
5.50
5.70
5.40
5.25
5.50
5.47
5.70
6.00
19
46
4
4
3
6
3
3
26
2
3
4
Swiss francs
Swiss francs
{
f German marks
( Swiss francs
Swiss francs
Nov..
Notes
C Swiss
/ Swiss
j Swiss
v.Swiss
Notes
Certificates of indebtedness
Feb.
I
Mar..
f
Notes
Notes
Certificates of Indebtedness 2/
Notes 2/
Apr.
July,
\ Swiss francs
vSwiss francs
f
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
11/20/72
8/2/73
Retired
Total outstanding
end of month
111
2/4/72
8/4/72
1/19/73
Notes
Certificates of indebtedness
Issued
7/3/72
1/21/72
7/21/72
7/3/67
Oct..
Notes
Interest
rate
(percent)
114
7/21/72
Swiss francs
Swiss francs
German narks
Notes
1973-Jan.
Maturity
date
3.50
4.375
5.28
c^
Sept,
Dec.
Issue
date
1,999
76
56
2,000
28
2,001
153
57
1,850
28
31
1,852
153
275
26
1,710
29
32
114
33
43
1,713
57
1,561
154
111
1,578
1,743
Notes
f Swiss
J Swiss
\ Swiss
VJSwiss
francs
francs
francs
francs
1/5/72
1/17/72
4/5/73
4/1'
'17/73
*
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
Certificates of indebtedness
I Swiss francs
\ Swiss francs
1/19/73
7/19/73
7/19/73
1/18/74
5.25
6.125
127
Certificates of indebtedness
Swiss francs
2/2/73
8/2/73
5.75
62
8/27/71
5/18/72
5/30/72
8/2/73
8/20/73
8/27/73
8/30/73
8/27/73
8/20/73
8/30/73
11/1/74
11/20/74
11/27/74
11/29/74
5.67
4.77
4.55
8.70
8.25
8.125
8.20
391
37
383
1,758
172
1,586
Aug.
Notes
25
148
124
64
38
400
38
Oct.
Notes
German marks
3/3/72
10/2/73
2.051
Nov.
Notes
Swiss francs
A
ISwiss francs
9/1/72
11/30/73
13/30/73
2/28/75
5.50
6.98
33
jSwiss francs
ISwiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
francs
(Swiss
Swiss francs
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
67
Certificates of indebtedness
1974-Jan.
Notes
32
)
586
l'
127
1,588
65
December 1974
53
.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
Securities
Payable
in —
Issue
date
Maturity
date
Amount
(Dollar equivalent)
Interest
rate
(percent)
Issued
1974-Feb.
Notes
f Swiss francs
J Swiss francs
\ Swiss francs
Swiss francs
11/06/72
11/20/72
2/06/74
2/20/74
2/06/74
2/20/74
5/06/75
5/20/75
5.40
5.25
6.60
6.60
33
36
Mar.
Notes
f Swiss francs
) Swiss francs
S Swiss francs
v Swiss francs
12-11-72
12-13-72
3-11-74
3-13-74
3-11/74
3-13-74
6-11-75
6-13-75
5.50
5.47
7.15
7.25
318
30
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
? Swiss francs
) Swiss francs
\ Swiss francs
V*Swiss francs
1-08-73
1-08-73
1-29-73
4-08-74
4-08-74
4-29-74
4-08-74
4-08-74
4-29-74
7-08-75
7-08-75
7-29-75
5.70
5.70
6.00
3-09-73
6-07-74
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7-17-74
6-07-74
9-08-75
7-18-74
1-20-75
7-05-74
7-17-74
10-06-75
10-17-75
6.625
8.35
8.05
7.90
6.93
6.70
8.55
8.40
8-02-73
8-20-73
8-27-73
8-30-73
11-01-74
11-20-74
11-27-74
11-29-74
11-01-74
11-20-74
11-27-74
11-29-74
2-02-76
2-20-76
11-26-75
3-01-76
8.70
8.25
8.125
8.20
7.94
7.30
7.35
7.30
Apr.
June.
Notes
Notes
Certificates of indebtedness
July.
Notes
Nov.
Notes
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
Source: Bureau of the Public Debt.
1/ The principal amount of this note was increased $1 million to compen
sate for a lower interest cost than was anticipated when the note was
8.40
8.40
8.60
Retired
Total outstanding
end of month
32
35
1,589
311
29
1,597
23
14
49
1,599
24
15
50
129
129
1,599
127
127
29
170
1,599
29
170
64
38
400
38
64
38
1,599
400
38
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973,
Treasury Bulletin
54
.U N IT E D STATES SAVINGS BON DS.
Series E and Series H are the only savings bonds cur
rently sold. Series E has been on sale since May 1, 1941,
and Series H has been on sale since June 1, 1952. Series
A - D were sold from March 1, 1935 through April 3 0 , 1941.
Series F and G were sold from May 1, 1941 through April
30, 1952. Series J and K were sold from May 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, May and October 1961, June 1968, and
September 1970; and the Annual Report of the Secretary of
the ^Treasury for fiscal years 1966 through 1973.
Table SB-1. - Sales and Redem ptions by Series, Cumulative through jNovember 30, 1974
(In millions of dollars)
Sales
Series
Series
Series
Series
Series
A-D 2/..............
E and H.............
F and G.............
J and K.............
•
3,949
175,212
28,396
3,556
Total A-K.................
I
211,112
Amount outstanding
Accrued
discount
Sales plus
accrued
discount
1,054
41,415
1,125
198
5,003
216,627
29,521
3,754
,4,999
153,482
29,502
3,748
63,144
-
19
5
43,793
254,904
191,731
63,144
28
Redemptions |1/
Interestbearing debt
Matured
noninterestbearing debt
_
4
-
T able SB-2. - Sales and Redem ptions by P eriods, A ll Series Com bined
(In millions of dollars)
Amount outstanding
Redemptions 1/
Period
Fiscal years:
1935-64........
1965..........
1966..........
1967..........
1968..........
1969..........
1970..........
1971.......... .
1972..........
1973.......... .
1974..........
Calendar years:
1935-63........
1964.......... .
1965.......... .
1966.......... .
1967.......... .
1968.......... .
1969.......... .
1970.......... .
1971.......... .
1972...........
1973...........
Months:
1973-Nor........
Dec........
1974-Jan........
Feb........
Mar........
Apr........
May........
June.......
Aug........
Sept.......
Oct........
-----------------------
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
Price 2 /
Accrued
discount 2 /
Interestbearing debt
Matured
noninterestbearing debt
156,519
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,940
6,514
6,429
22,727
1,517
1,554
1,626
1,735
1,789
1,841
2,056
2,310
2,564
2,749
179,246
6,060
6,204
6,592
6,473
6,338
6,291
7,138
8,249
9,078
9,178
129,807
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
117,782
4,488
4,792
4,971
4,978
5,237
5,508
4,342
4,306
4,494
5,366
12,025
858
932
951
1,003
1,102
1,240
1,083
1,032
1,092
1,314
49,299
50,043
50,537
51,213
51,712
51,711
51,281
53,003
55,921
59,418
61,921
139
110
95
88
82
82
55
46
39
34
29
154,106
4,609
4,486
4,860
4,898
4,&>6
4,393
4,665
5,477
6,236
6,270
21,974
1,508
1,527
1,591
1,686
1,759
1,832
1,909
2,192
2,426
2,673
176,080
6,117
6,013
6,451
6,584
6,455
6,224
6,574
7,669
8,662
127,051
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,211
115,431
4,445
4,552
5,043
4,842
5,094
5,457
5,072
4,224
4,322
4,945
11,621
807
889
957
951
1,040
1,182
1,223
1,021
1,043
1,266
48,827
49,734
50,324
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
201
158
141
164
126
112
64
50
42
37
31
682
142
721
567
587
589
583
636
207
242
251
222
227
235
214
242
312
247
259
265
242
889
384
972
789
814
824
797
878
516
393
793
412
321
652
378
411
432
414
496
104
72
60,326
60,317
60,497
60,789
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62,811
63,144
32
31
31
30
30
30
30
29
29
28
28
29
28
541
574
509
558
__________ 2 2 L
Footnotes at end of Table SB-4.
J
8 ,9 4 3
853
821
768
822
792
488
515
541
520
616
592
666
574
543
461
474
533
458
436
367
141
111
104
109
106
119
117
132
116
107
94
December 1974
55
_________________ UNITED STA TE S SAVINGS BONDS------------------------T able SB-3. Sales and R edem ptions by Periods, Series E through K
(In millions of dollars)
Redemptions ± /
Period
Sales l/
Accrued
discount
Sales plus
accrued
discount
Total
Amount outstanding
Accrued
discount j/
Sales
price 2 /
Interest-bearing
debt
Matured
noninterestbearing debt
Series £ and H combined
Fiscal vears:
1941-64...........
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
fotoflar years;
1941-63...........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months;
1973-Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
120,619
4,543
4,650
4,965
4,739
4,550
4,449
5,082
5,939
6,514
6,429
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
141,008
6,045
6,192
6,584
6,470
6,337
6,291
7,138
8,249
9,078
9,178
93,271
4,987
5,305
5,449
5,715
6,198
6,721
5,416
5,331
5,581
6,675
83,359
4,154
4,408
4,536
4,739
5,112
5,484
4,334
4,294
4,490
5,361
9,912
833
897
913
976
1,086
1,237
1,082
1,037
1,091
1,314
47,737
48,795
49,682
50,817
51,572
51,711
51,281
53,003
55,921
59,418
61,921
118,206
4,609
4,486
4,860
4,898
4,696
4,393
4,665
5,477
6,236
6,270
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
137,851
6,101
6,000
6,440
6,578
6,452
6,224
6,574
7,669
8,662
8,943
90,744
4,841
5,117
5,477
5,439
5,915
6,565
6,281
5,237
5,359
6,206
81,244
4,061
4,254
4,561
4,519
4,898
5,391
5,060
4,217
4,311
4,972
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,049
1,234
47,106
48,366
49,249
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
682
142
721
567
587
589
583
636
207
242
251
222
227
235
214
242
312
247
259
265
242
889
384
972
789
814
824
797
878
516
393
792
488
514
541
519
615
591
666
574
544
460
412
321
651
377
411
432
414
496
474
533
458
437
366
104
72
141
111
104
109
106
119
117
60,326
60,317
60,497
60,798
61,097
61,381
61,658
61,921
62,183
62,339
62,533
62,811
63,144
June.........
July.........
Aug..........
Sept.........
Oct..........
..... .............
541
574
509
558
550
853
821
768
822
792
132
116
107
94
-
-
-
-
_
.
•
Series F, G, J, and K combined t j
Figpfil-rears:
1941-64...........
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971..............
1972..............
1973.............
1974.............
1941-63...........
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973-Nov..........
1,284
15
33,235
15
.
-
12
8
12
8
4
4
1
1
-
-
31,951
-
1,274
14
33,226
16
14
10
6
2
10
6
2
-
*
-
*
-
.
-
.
.
_
31,951
1974-Jan..........
Feb..........
Mar..........
June.........
Jtdy.........
Aug..........
Nov..........
Footnotes at end of Table SB-4.
_
_
*
16
-
*
*
31,736 2/VZ/S/
358 2/
418 2 /
472
266
140
27
8
6
5
5
31,317 5/JV2/&
a o 3/ y
323 2/
522
353
218
74
13
7
5
5
30,373
333
384
434
239
124
24
7
5
4
4
1,172
24
35
38
27
16
3
30,161
1,157
27
26
40
32
23
9
1
1
1
1
383
297
481
322
195
65
11
6
2
1
1
1
5
4
*
*
*
*
*
*
*
*
*
*
*
*
*
*
1
1
*
*
1
1
-1
-1
____ 1_______ _______1_.
.
*
*
*
*
*
*
*
*
*
*
*
*
1,563
1,248
856
397
127
99
86
-
80
75
76
49
41
34
30
25
3,757
1,368
1,075
540
229
27
-
504
147
131
155
118
105
58
44
37
32
27
-
27
27
27
26
26
26
25
25
25
24
24
25
24
140
-
56
Treasury Bulletin
____________________________________ U N ITED STATES SAVINGS B O N D S _________
____ ________
T able SB-3. - Sales and Redem ptions by P eriods, Series E through K —Continued
(In milliona of dollars)
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Redemptions X /
Total
Sales
price 2 /
Accrued
discount 2 /
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal vear:
1941-64.............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
Calendar years:
1941-63.............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
111,750
4,112
4,246
4,599
4,466
4,343
4,289
4,870
5,650
6,190
6,145
20,389
1,502
1,542
1,619
1,731
1,788
1,841
2,056
2,310
2,564
2,749
132,139
5,614
5,787
6,217
6,196
6,131
6,130
6,926
7,960
8,755
8,894
90,943
4,538
4,801
4,895
5,154
5,548
5,959
4,959
4,972
5,209
6,156
81,031
3,705
3,904
3,982
4,178
4,462
4,772
3,877
3,932
4,118
4,842
9,912
833
897
913
976
1,086
1,237
1,085
1,037
1,091
1,314
1,006
188
212
216
196
184
210
231
292
338
310
40,190
41,078
41,853
42,959
43,805
44,205
44,167
45,902
48,598
51,806
54,234
109,602
4,132
4,092
4,450
4,574
4,452
4,221
4,503
5,218
5,922
5,988
19,645
1,491
1,514
1,580
1,680
1,757
1,832
1,909
2,192
2,426
2,673
129,247
5,623
5,606
6,031
6,255
6,209
6,052
6,412
7,411
8,348
8,661
88,610
4,425
4,650
4,913
4,941
5,300
5,835
5,626
4,871
5,007
5,740
79,110
3,646
3,787
3,997
4,022
4,283
4,661
4,405
3,851
3,958
4,507
9,499
780
863
916
919
1,017
1,173
1,221
1,020
1,049
1,234
897
198
190
224
207
191
180
228
249
329
319
39,740
40,739
41,504
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
Months:
1973-Nov............
Dec.... ........
1974-Jan............
Feb............
Mar............
Apr............
May............
June...........
July...........
Aug............
Sept...........
Oct............
Nov........... .
667
130
685
535
556
564
559
608
516
538
491
515
524
207
242
251
222
227
235
214
242
312
247
259
265
242
874
372
936
757
784
799
773
850
828
785
750
780
766
472
361
740
451
476
500
480
569
546
615
526
500
424
368
289
599
3a
372
392
375
449
428
483
411
392
331
103
72
23
15
37
26
29
27
24
26
27
24
22
26
20
53,727
52,723
52,881
53,161
53,439
53,710
53,979
54,234
54,490
54,837
54,837
55,091
55,a 2
7,546
7,716
7,829
7,858
7,766
7,506
7,114
7,101
7,323
7,612
7,686
ia
111
104
109
106
119
117
132
116
107
94
Series H
Fiscal years:
1952-64.............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974...............
Calendar years:
1952-63.............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
8,869
431
404
367
273
207
160
212
289
322
284
8,603
477
394
410
324
244
172
162
259
314
282
-
8,869
431
404
367
273
207
160
212
289
322
284
2,329
449
504
553
561
650
762
457
359
372
519
2,329
449
504
553
561
650
762
457
359
372
519
-
1,006
188
212
216
196
184
210
231
292
338
310
-
8,603
477
394
410
324
244
172
162
259
314
282
2,134
416
467
564
497
615
730
655
366
353
465
2,134
a6
467
564
497
615
730
655
366
353
465
_
_
-
'897
198
190
224
207
191
180
228
249
329
319
7,367
7,627
7,744
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
-
15
12
37
32
30
25
43
32
52
37
39
40
43
32
52
37
39
23
15
37
26
29
27
39
46
46
50
7,599
7,594
7,615
7,637
7,658
7,670
23
28
25
36
18
42
27
40
39
46
46
50
_
.
-
7,679
7,686
7,692
47
47
-
44
44
-
35
35
-
24
26
27
24
22
26
20
-
-
Months:
1973-Nov............
Dec........... .
1974-Jan............
Feb............
Mar............
Apr............
May............
June.............................................
July.............................................
Sept..........................................
Oct............
Nov................................................
Footnotes at end of Table SB-4.
15
12
37
32
30
25
23
28
25
36
18
42
27
_
-
-
-
-
-
7,703
7,696
7,720
7,732
December 1974
57
i m r r u n STATES SAVINGS
Table SB-4. - Redem ptions o f M atured and Unm atured Savings Bonds
(In millions of dollars)
Matured
Period
Total
Total
Series E
and H
Unmatured
Other
Total
Series E
and H
33,322
3,778
4,641
3,358
3,070
2,951
3,088
3,284
3,300
2,351
3,401
2,566
3,842
3,660
3,317
3,393
3,847
25,119
3,235
3,285
3,075
2,875
2,812
2,948
3,165
3,196
3,273
3,376
3,560
2,842
3,660
3,317
3,393
3,847
8,203
543
1,356
283
196
139
140
118
104
79
25
6
28,567
3,841
4,520
3,938
3,100
3,002
3,031
3,157
3,287
3,384
3,413
3,455
3,726
3,885
3,305
3,337
3,578
21,477
3,091
3,445
3,114
2,899
2,827
2,905
3,026
3,176
3,277
3,370
3,441
3,724
3,885
3,305
3,337
3,578
7,090
750
1,075
825
201
175
125
131
111
107
44
13
2
333
197
369
291
368
342
314
314
233
382
272
313
381
333
197
369
291
368
342
314
314
233
382
272
313
381
Other
Unclassified
10/
Fiscal years;
1951-58................
1959..................
1960..................
1961..................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
55,981
7,249
8,557
5,819
5,716
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
22,167
3,621
4,126
2,673
2,593
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
10,975
1,996
2,304
1,733
1,668
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
Calendar vears;
1951-57................
1958..................
1959..................
1960..................
1961..................
1962..................
1963..................
1964..................
1965..................
1966..................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
49,045
7,255
8,772
6,732
5,595
5,602
5,021
5,252
5,441
6,000
5,793
6,133
6,639
6,295
5,244
5,365
6,210
19,908
3,393
4,701
3,033
2,555
2,387
2,043
2,171
2,148
2,472
2,386
2,652
2,686
2,841
2,022
2,053
2,508
10,072
1,691
2,433
1,944
1,633
1,656
1,617
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
9,837
1,702
2,268
1,089
922
730
426
282
216
391
345
209
84
15
8
6
3
516
394
793
233
154
225
260
240
2a
220
213
187
246
180
237
223
233
154
225
260
240
241
220
212
187
245
181
238
222
*
*
*
*
*
*
*
1
11,190
1,625
1,822 6/
940 7/
925 8/
657 9/
304
246
280
412
260
143
29
9
7
5 ,
5
6/
6/7/
7 /8 / ;
8 /9 /
9/
_
_
-
-
_
_
-
492
-150
-210
-212
53
73
19
-121
172
99
33
213
115
-725
-23
67
104
578
22
-449
-239
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
Months:
1973-Nov...............
1974-Jan...............
Feb...............
Mar...............
Apr...............
June..............
July..............
Sept..............
Nov...............
488
515
5a
519
616
592
666
574
543
461
_
1
*
-1
*
_
-
_
.
-
-51
42
199
-63
-94
-43
-14
88
170
38
121
-7
-143
'
Source: Monthly Statement of the Public Debt of the U.S.; Office of Market
Analysis, United States Savings Bonds Division*
Note: In these tables sales of Series A-F and J bonds are included at issue
price, and redemptions and amounts outstanding at current redemption
value. Series G,H, and K are included at face value throughout.
Matured bonds which have been redeemed are included in redemptions.
Matured J and K bonds outstanding are included in the interest-bearing
debt until all bonds of the annual series have matured, and are then
transferred to matured debt on which interest has ceased.
1/ Sales and redemption figures include exchanges of minor amounts of (l)
matured Series E bonds for Series G and K bonds from May 1951 through
April 1957; (2) Series F and J bonds for Series H bonds beginning
January I960; and (3) U.S. savings notes for Series H bonds beginning
January 1972; however, they exclude exchanges of Series E bonds for
Series H bonds, which are reported in Table SB-3.
2/ Details by series on a cumulative basis and by periods for Series A-D
combined will be found in the February 1952 and previous issues of the
Treasury Bulletin.
2/ Because there is a normal lag in classifying redemptions, the distribu
tion of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
ij
5/
£/
2/
2/
2/
10/
*
method of distributing redemptions between sales price and accrued
discount* has been changed to reflect the distribution shown in final
reports of classified redemption. All periods shown have been revised
on this basis.
Series F and G sales were discontinued April 30, 1952, and Series J
and K sales were discontinued April 30, 1957. Sales figures after
April 30, 1957, represent adjustments.
Includes exchanges of Series 1941 F and G savings bonds for 3-1/4$
marketable bonds of 1978-83.
Includes exchanges of Series 1948 F and G bonds for 4-3/4$ marketable
notes of 1964.
Includes exchanges of Series 1949 F and G bonds for 4$ marketable bonds
of 1969.
Includes exchanges of Series 1960 F and G bonds for 3-7/8$ marketable
bonds of 1968.
Includes exchanges of Series 1951 and 1952 F and G bonds for 3-7/8$
marketable bonds of 1971 and 4$ marketable bonds of 1980.
Represents changes in the amounts of redemptions not yet classified
between matured and unmatured issues.
Less than $500,000.
58
Treasury Bulletin
UNITED STATES SAVINGS RONDS
Table SB-5. - Sales and Redemptions by Denominations, Series E and H ! / Combined
(In thousands of pieces)
------------------------------- , ----------------------------- ,
Period
Total all
denominations
$10 2/
$25
$50
$75 2 /
|
$100
$200 4 /
$500
$1,000
$5,000
j $10,000 2/ 6 /
Sales 2/
...
Fiscal years:
1941-64...........
1965.............
1966.............
1967.............
1965.............
1969.............
1970.............
1971.............
1972.............
1973..............
1974 ............
Calendar vears:
1941-62...........
1963.............
1964.............
1965...;..........
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
Months:
1973-0ct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July..........
Aug..........
Sept..........
Inception to date p..«
Fiscal vears:
1941-64...........
1965.............
1966.............
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974 ............
1941-62...........
1963.............
1964.............
1965.............
1966.............
1967.............
1968.............
1969.............
1970..............
1971.............
1972.............
1973.............
1973-Oct..........
Nov..........
Dec..........
1974-Jan..........
Feb..........
Mar..........
Apr..........
May..........
July.........
Aug..........
Inception to date p...
82,963
454,860
23,947
24,704
26,476
25,823
25,106
24,675
28,034
30,131
32,265
33,874
135
1,141
1,469
1,749
1,860
1,822
1,682
1,989
2,304
2,518
2,838
276,863
10,409
10,714
11,411
10,769
10,192
10,072
12,073
14,177
15,862
16,586
16,578
982
1,010
1,068
987
869
878
1,159
1,443
1,651
1,599
37,679
1,087
1,101
1,131
987
871
868
1,122
1,502
1,688
1,509
39,772
1,033
1,042
1,064
906
796
796
1,050
1,476
1,684
1,526
385
18
17
15
11
8
7
12
18
20
18
185
14
13
14
12
11
7
3
4
5
3
21,076
_
-
1,561,465
57,391
60,217
61,841
66,381
74,422
78,023
77,911
77,828
75,736
77,330
77,747
419,922
22,828
23,816
24,106
25,498
26,417
25,694
24,332
26,583
28,914
31,040
32,164
632
1,322
1,607
1,811
1,925
1,659
1,853
2,139
2,397
2,604
261,329
10,162
10,445
10,366
11,1U
11,214
10,563
9,805
11,049
13,022
15,012
15,744
15,026
1,019
1,000
970
1,054
1,041
945
828
1,007
1,284
1,547
1,592
35,730
1,325
1,151
1,044
1,155
1,076
932
818
950
1,292
1,613
1,538
37,788
1,357
1,117
978
1,110
996
853
753
848
1,229
1,606
1,511
350
24
20
17
17
13
10
7
8
15
20
17
159
17
15
13
14
13
12
11
4
4
3
3
-
;,iou
7,120
6,331
5,147
9,882
6,374
7,080
7,493
6,943
8,229
±U,4/1
1,315
1,265
991
1,776
1,336
1,502
1,477
1,489
1,721
1,433
1,495
1,433
403,487
95
119
116
88
165
136
148
148
151
167
141
147
137
Ytf
92
94
69
168
153
147
149
154
150
127
144
116
68
79
79
59
183
182
158
163
164
146
131
157
116
*
*
*
*
6,969
6;643
6,435
2,412,343
231
222
175
302
219
243
250
244
295
248
257
250
1
1
1
1
.21,076
2,871
2,667
2,110
3,697
2,632
2,979
2,915
2,919
3,440
2,870
2,924
2,838
738,528
0
1
1
0
0
0
*
*
*
28,654
49,941
51,564
3
2
2
2
1
2
2
2
1
536
2,024,626
90,012
94,720
98,349
105,060
114,396
118,696
102,145
103,651
106,065
120,258
19,777
51
47
38
33
29
30
21
17
16
15
1,401,179
56,736
59,235
61,960
66,956
73,560
76,446
66,127
65,832
65,880
72,588
350,712
20,744
21,948
22,627
23,605
25,308
25,789
22,659
23,921
25,089
29,137
1,894,182
84,965
88,054
92,352
97,063
101,135
109,053
118,230
112,394
101,593
103,513
112,552
19,691
58
50
50
45
34
30
30
27
18
16
18
2
1
1
2
1
1
1
1
1
1
1
1
20,078
1,318,541
54,055
55,682
58,045
60,546
64,375
70,014
76,000
72,693
65,206
64,990
68,679
6,252
5,757
4,760
320,811
19,402
20,204
21,330
22,545
22,959
24,201
25,976
24,444
22,990
24,252
26,914
65
434
711
944
1,105
1,270
1,280
1,434
1,670
1,957
2,433
2,207
1,793
3,680
2,149
2,305
2,378
2,261
2,736
2,537
2,853
2,506
599,432
177
160
125
275
195
190
193
176
210
190
218
187
12,706
2,496,951
99,560
103,500
114,433
117,279
118,134
117,026
121,544
127,671
134,552
140,908
21,076
_
_
-
1,649,418
60,928
63,430
71,506
75,925
78,508
78,043
76,103
76,616
78,859
2,352,844
94,123
98,414
100,657
107,949
117,004
118,955
116,123
120,130
123,637
130,568
132,920
0,00^
11,828
10,774
8,639
16,177
11,037
12,259
12,595
12,066
14,149
11,921
11,738
11,327
3,726,655
10,279
9,368
7,631
14,425
8,673
9,513
9,732
9,343
11,223
10,475
11,623
10,206
3,110,298
8,454
5,214
5,780
5,830
5,653
6,760
6,317
6,931
6,117
2,105,958
20,254
Redemptions 7/
245
585
837
1,032
1,205
1,303
1,327
1,577
1,784
2,215
-
Note: These figures are estimates by the Office of Debt Analysis in the
Office of the Secretary and are based on the daily Treasury statement
and reports from Federal Reserve banks and the Bureau of the Public Debt.
1/ Sales of Series H bonds began on June 1, 1952; the denominations
authorized were $500, $1,000, $5,000, and $10,000.
2 / Sales were authorized in June 1944, to Armed Forces only, and dis
continued after March 31, 1950.
2/ Sales began on May 1, 1964.
V
272
197,152
9,322
9,822
9,839
10,276
10,955
11,410
9,313
9,689
10,515
12,768
8,789
694
756
760
808
864
933
740
776
855
1,080
23,396
1,070
1,113
1,084
1,106
1,165
1,297
943
899
955
1,196
23,468
1,122
1,182
1,169
1,208
1,266
1,438
988
917
948
1,228
100
19
22
24
24
28
33
18
14
16
23
52
9
10
12
13
14
18
10
6
7
12
183,536
8,771
9,180
9,532
10,031
9,860
10,482
11,371
10,586
9,366
9,955
11,733
1,098
977
761
1,571
877
981
1,049
985
1,195
1,128
1,273
1,103
304,565
7,824
615
670
715
786
761
822
908
867
743
797
991
93
82
59
136
72
78
88
82
100
91
109
90
21,821
1,008
1,067
1,080
1,137
1,047
1,125
1,254
1,169
893
905
1,106
108
90
65
148
81
89
93
91
109
103
116
98
21,836
1,037
1,111
1,136
1,226
1,123
1,232
1,373
1,284
921
906
1,125
112
92
66
155
81
88
96
92
109
105
119
101
80
13
18
20
24
21
27
31
28
14
14
20
2
2
1
2
2
2
2
2
2
43
6
8
9
12
11
2
2
2
1
1
1
17,345
34,542
35,255
329
167
U
17
15
7
6
9
1
1
1
1
1
1
1
1
1
Sales began on October 29, 1945.
Sales of $10,000 denomination Series E bonds were authorized on May 1.
1952.
Includes sales and redemptions of $100,000 denominations Series E bonds
which are purchasable only by trustees of employees' savings plans,
beginning April 1954, and also personal trust accounts beginning Jan
uary 1955.
See Table SB-4, footnote 1. * Less than 500 pieces, p Preliminary
December 1974
59
UNITED STATES SAVINGS NOTES
United States savings notes were on sale May 1, 1967
through June 30, 1970. The notes were eligible for purchase
by individuals with the simultaneous purchase of Series E
savings bonds.
demption and information on investment yields of savings
notes appear in the Treasury Bulletins of March 1967 and
June 1968; and in the Annuafl Report of the Secretary of the
Treasury for fiscal year 1972.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2J
Period
Fiscal years:
.
196 7
196 8
.
196 9
197 0
.
197 1
197 2
.
197 3
.
197 4
Calendar years
.
196 7
196 8
196 9
197 0
197 1
.
197 2
.
197 3
Sales x j
Accrued
discount
1
Sales
price
35
167
85
69
77
34
105
157
V7
58
62
7
76
154
124
71
72
7
72
145
116
62
59
7
4
6
6
7
5
3
5
5
6
5
5
5
Accrued
discount
Amount
outstanding
1
326
12
323
25
33
28
29
35
30
277
348
160
-3
Total
201
201
11
Sales plus
accrued
discount
5
18
31
31
28
29
338
347
44
28
29
35
80
281
366
191
27
28
29
111
1
6
10
8
-11
14
3
8
9
9
13
203
505
742
619
561
519
477
80
354
644
682
584
540
496
Months:
1973-Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May. •
June.
2
2
2
2
2
2
3
3
2
2
2
8
2
2
2
8
-3
-3
July.
2
2
Aug..
2
2
Sept.
2
2
Oct..
2
2
Nov..
Source* Monthly Statement olJ thelhiDiic'DeDt of tne unitea states; Urrice
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
6
6
6
4
7
13
8
7
3
6
11
6
6
1
1
1
1
1
1
1
1
1
1
3
2
1
497
496
491
488
483
478
475
477
470
465
454
449
444
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
60
Treasury Bulletin
— I.....—
—
— — — .OWNERSHIP OF FEDERAL SECURITIES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
End of
fiscal year
or month
Total
Federal
securities
outstanding
(In millions of dollars)
Interest-bearing public debt securities
Held by U.S. Government accounts
Other
Public
issues
held by
Federal
Reserve
banks
Nonmarketable
Total
outstanding
Total
Public
marketable
Government
Account Series
1/
1965..........................
1967..........................
1968..........................
1970..........................
1971..........................
1972..........................
1972-Dec.......................
1973-Oct.......................
Nov*.......................
Dec........................
1974-Jan.......................
Feb.......................
Mar.......................
May.......................
June......................
July......................
Sept......................
Oct.......................
326,609
333,284
344,676
371,978
367,969
383,428
410,292
438,154
469,251
487,081
461,068
313,113
315,431
322,286
344,401
351,729
369,026
396,289
425,360
456,353
473,238
447,298
61,070
64,316
71,809
76,138
84,815
95,170
102,888
111,460
123,385
138,206
116,897
10,351
12,050
13,635
14,694
16,007
16,974
18,092
19,868
20,080
21,229
19,360
48,549
50,196
56,103
59,374
66,738
76,124
82,740
89,536
101,248
114,921
95,482
2,171
2,070
2,071
2,071
2,071
2,071
2,056
2,056
2,056
2,056
2,056
39,100
42,169
46,719
52,230
54,095
57,714
65,518
71,356
75,022
80,485
69,906
473,964
475,798
481,484
479,782
482,268
486,475
483,915
486,659
487,081
487,240
493,623
493,130
491,646
460,587
462,076
467,827
127,444
127,080
129,641
128,706
131,335
131,215
131,147
133,877
138,206
20,840
23,984
20,961
21,095
21,234
21,271
21,296
21,079
21,229
21,425
21,388
21,444
21,534
104,548
101,040
106,624
105,555
108,044
107,889
107,796
110,743
114,921
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,055
2,055
78,491
77,129
78,516
78,240
78,237
79,483
80,007
81,395
80,485
78,103
81,008
81,035
79,351
466,273
468,629
472,622
470,087
472,741
473,238
474,334
480,740
480,103
479,174
137,544
141,640
140,384
138,421
114,063
118,196
116,885
114,832
Interest-bearing public debt securities- Cont.
Held by private investors
End of
fiscal year
or month
Total
Public
Marketable
Nonmarketable
4,161
4,476
3,935
3,178
1,991
1,893
1,841
1,901
1,788
1,822
2,000
9,335
13,377
18,455
24,399 *
14,249
12,510
12,163
10,894
11,109
12,021
11,770
89,937
88,747
88,923
1,889
1,961
2,071
88,531
88,879
89,083
89,784
90,393
89,686
1,911
2,058
1,877
1,815
1,934
1,822
1,011
1,052
1,364
1,051
11,488
11,760
11,586
11,598
11,581
11,975
12,012
11,984
12,021
11,895
11,831
11,664
159,244
154,909
150,318
159,668
156,006
157,911
161,863
165,978
167,869
164,862
1972-Dec.......................
1973-Oct.......................
Nov.......................
Dec.......................
1974-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June.......................
July.......................
Aug.......................
Sept......................
Oct................... .
254,653
257,867
259,670
259,328
259,057
261,925
258,933
257,469
254,548
258,686
258,092
258,684
261,402
164,716
160,120
170,747
170,796
170,178
172,842
169,149
167,076
164,862
169,254
169,715
170,129
172,515
89,433
88,377
88,555
88,887
1/ Change in heading reflects publication of the Monthly Statement of the
Public Dept of the U.S. on JUly 31, 1974.
2/ For content see Table FD-6.
Total
outstanding
2/
53,697
54,037
53,440
56,363
56,814
58,231
66,020
76,566
90,078
89,686
80,251
212,941
208,946
203,758
216,032
212,819
216,142
227,883
242,545
257,947
254,548
260,495
180,244
Agency securities
Matured
public
debt
and debt
bearing
no interest
11,422
Held by
U.S. Government
accounts and
Federal Reserve
banks
469
field by
private
investors
2,010
3,001
2,846
2,553
2,251
2,170
2,156
2,152
2,320
8,866
12,909
16,445
21,398
11,403
9,956
9,911
8,724
8,953
9,869
9,450
2,110
2,130
2,107
2,100
2,118
2,170
2,168
2,182
2,152
2,137
2,160
2,212
2,115
9,378
9,630
9,479
9,498
9,463
9,805
9,844
9,802
9,869
9,758
9,671
9,454
9,307
468
61
December 1974
.O W N E R S H IP OF FEDERAL SE C U R IT IE S .
T able OFS-2. - Estim ated O wnership o f P ublic Debt S ecu rities by P rivate Investors
End of
month
Total
privatelyheld
Coranercial
banks
2/
1939-Dec.......
1946-Feb.......
Dec.......
1950-Jun e
Dec.......
1951-Jun e
Dec........
1952-Jun e
Dec.......
1953-Jun e
Dec.......
1954-Jun e
Dec.......
1955-Jun e
Dec.......
1956-Jun e
Dec.......
1957-Jun e
Dec.......
1958-Jun e
.
Dec.......
1959-Jun e
Dec.......
1960-Jun e
Dec.......
1961-Jun e
Dec.......
1962-Jun e
Dec.......
1963-Jun e
Dec.......
1964-Jun e
.
Dec.......
1965-Jun e
Dec.......
1966-Jun e
Dec.......
1967-Jun e .
Dec.......
1968-Jun e
Dec.......
1969-Jun e
.
Dec.......
1970-Jun e
Dec.......
1971-Jun e
Dec.......
1972-Jun e
Dec.......
1973-Ja........ n
Feb.......
Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.....
Nov.......
Dec.......
1974-Ja n
Feb....... .v
Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
33.4
231.6
208.3
204.6
199.9
194.3
196.3
194.8
199.8
196.7
203.8
199.9
207.1
203.0
207.0
198.5
200.5
194.6
197.9
197.8
204.5
206.4
212.7
206.7
210.0
208.0
214.8
214.3
219.5
218.2
220.5
218.3
222.5
217.1
220.5
213.4
219.2
207.7
222.4
20.7
137.9
133.8
139.0
63.6
69.1
63.5
62.0
57.3
59.5
56.2
59.5
65.2
67.5
61.5
60.3
55.3
62.1
62.5
67.2
65.1
67.1
64.3
64.2
60.2
63.9
58.2
60.7
54.8
57.4
55.5
63.8
59.7
228.5
66.0
214.8
55.3
56.8
52.6
62.7
61.0
65.3
6C.9
67.7
218.0
229.9
229.7
247.9
244.4
262.5
261.8
265.1
266.4
263.7
263.1
259.7
256.9
257.1
257.4
256.5
259.8
261.7
261.2
261.1
263.8
260.7
259.4
256.4
259.7
259.0
260.1
262.5
Total
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.8
63.7
219.2
222.0
Total
66.4
62.8
62.0
60.5
58.9
58.8
56.5
55.1
55.4
56.3
58.5
60.3
60.2
59.0
59.5
56.8
54.4
53.2
53.9
53.0
52.9
53.5
9.4
63.9
64.1
67.4
66.3
65.4
(Par values 1/ in billions of dollars)______________________ ____
Nonbank investors
Individuals 2 /
State
Mutual
Foreign
and
Savings bonds
Insurance sav
and inter Other
Other
Corpora
local
companies ings
investors
Series
Other
aecutions y
govern national
banks
6/
5/
ments
E and H Series 2/ rities
30.8
1.9
12.5
13.9
15.4
15.1
7.5
20.6
20.0
65.2
30.3
34.5
34.5
34.5
34.7
34.9
35.3
13.8
16.0
66.1
36.0
13.2
16.8
140.2
64.8
64.8
36.7
37.5
12.7
136.3
63.5
65.2
65.0
38.2
1*39.5
145.0
11.7
10.9
15.4
15.2
13.6
15.0
10.2
14.8
141.2
66.6
141.0
151.4
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
148.0
66.1
145.5
147.7
149.2
152.3
153.9
156.3
158.2
158.6
158.9
159.8
158.7
64.6
138.0
136.0
134.8
133.7
136.4
137.9
64.6
64.8
138.0
138.5
138.4
132.5
137.0
144.8
152.5
161.8
152.2
158.7
159.5
162.5
159.5
165.3
165.5
167.2
168.7
182.6
183.6
194.8
195.4
202.3
204.4
203.2
204.2
200.9
200.4
202.0
202.0
200.2
201.4
201.4
201.0
202.1
204.3
204.0
205.0
203.2
205.8
206.0
207.1
209.0
65.8
65.5
65.9
65.9
68.0
68.5
69.5
70.7
71.9
72.8
74.2
70.4
73.5
74.2
75.1
77.3
80.8
81.8
81.2
75.4
73.2
73.2
73.9
74.9
75.0
75.3
75.4
75.7
75.9
76.7
77.0
77.2
77.0
77.2
77.3
77.4
77.9
78.4
79.2
80.0
80.7
81.6
82.6
83.3
83.8
39.3
40.1
40.9
41.4
41.5
4 1 .6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
49.2
49.8
50.4
50.9
51.1
51.4
51.2
51.1
50.8
51.4
52.5
53.8
55.4
57.1
57.4
57.7
58.0
58.3
58.6
58.9
59.2
59.3
59.3
59.5
59.8
59.8
60.0
60.3
60.6
60.9
61.2
61.4
61.7
61.8
62.0
62.3
Source:
Office of Debt Analysis in the Office of the Secretary.
1/ United States savings bonds, Series A-F and J, are included at
current redemption value.
2/ Consists of commercial banks, trust companies, and stock savings
banks in the United States and in Territories and island poss
essions. Figures exclude securities held in trust departments.
2 / Includes partnerships and personal trust accounts.
U Exclusive of banks and insurance companies.
5/ Consists of the investments of foreign balances and international
1 4 .6
14.4
14.1
12.1
17.6
16.7
16.3
15.5
15.7
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
3.1
2.7
2.5
2.2
2.1
1.9
1.6
1.5
1.3
1.2
1.0
.9
.7
.5
.3
.3
.4
.5
.6
.7
.8
.7
.7
.6
.6
.6
.6
.6
.6
.6
.6
.6
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
16.3
15.8
17.2
16.7
16.4
16.0
19.3
23.5
24.1
20.5
18.5
19.4
18.8
19.0
18.3
19.8
19.9
20.4
21.3
22.2
.5
.5
.5
.5
19.4
20.3
22.8
23.9
19.7
22.3
22.7
23.3
25.5
29.0
30.2
29.1
22.2
18.8
17.2
16.2
17.0
16.8
16.8
16.6
16.5
16.4
17.0
17.2
17.3
17.0
16.9
16.9
16.9
17.1
17.3
17.8
18.3
18.8
20.8
21.0
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
1 2 .6
1 2 .6
12.5
12.0
11.8
11.5
11.5
11.4
11.6
11.1
11.4
11.1
11.3
10.7
10.5
10.0
9.9
9.0
9.0
8.5
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.6
6.4
6.5
6.3
6.3
6.3
6.4
6.3
6.3
6.3
6.2
6.4
6.3
6.0
6.1
. 5.9
6.0
5.9
5.7
5.7
5.8
5.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
9.1
8.8
8.7
8.5
8.3
8.0
7.9
7.6
7.4
7.2
7.3
6.9
6.6
6.2
6.3
6.1
6.2
6.0
6.0
5.6
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
16.5
19.1
18.6
23.2
17.3
18.7
16.1
17.7
14.1
18.1
19.8
21.4
19.5
18.7
18.5
18.5
18.2
18.6
18.7
18.7
18.9
18.2
15.3
15.8
14.2
3.5
3.4
3.4
3.5
3.4
3.4
3.3
3.3
3.1
2.9
2.9
2.9
2.9
2.9
2.8
2.8
2.8
2.7
2.6
2.6
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
7.4
11.4
9.3
9.8
10.3
10.9
11.2
10.0
10.8
9.8
10.3
11.5
9.2
10.2
11.1
10.9
10.7
10.9
11.7
10.5
11.2
10.8
2.6
2.6
2.5
2.5
11.3
11.0
10.5
11.2
3.3
. M L_
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
13.9
14.4
14.7
15.4
16.1
16.3
16.8
16.6
16.3
16.5
16.9
18.0
18.8
18.7
19.3
19.0
20.1
20.1
21.4
21.1
22.5
21.1
24.1
22.9
24.5
24.3
23.6
24.1
25.1
24.9
26.4
27.2
29.0
27.8
25.9
25.4
26.9
28.9
30.0
29.4
29.4
29.2
28.6
28.8
28.4
27.7
29.0
28.5
28.9
29.2
29.9
30.7
30.6
30.1
29.2
28.3
28.8
29.2
29.3
28.8
.2
2.4
2.1
3.5
4.3
4.2
4.3
4.7
5.3
5.7
5.9
6.0
6.3
6.8
7.5
7.9
7.8
7.6
7.6
6.5
7.7
10.1
12.0
12.3
13.0
12.7
13.4
14.1
15.3
15.8
15.9
15.6
16.7
15.7
16.7
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
10.6
10.6
10.5
10.8
11.4
11.1
11.1
11.5
11.6
11.2
11.8
12.3
12.5
13.5
12.7
13.5
13.6
14.8
15.1
15.6
15.8
16.3
16.8
16.7
15.4
14.5
14.7
15.8
12.9
14.3
11.1
11.2
14.8
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
20.6
19.9
17.2
15.6
14.0
17.0
15.9
16.0
15.5
17.2
18.4
16.6
15.8
17.3
18.9
17.9.
18.9
19.3
32.7
46.9
50.0
55.3
54.2
61.1
63.1
61.7
61.1
60.2
59.7
59.2
58.5
57.5
56.2
55.5
52.8
53.5
54.9
55.9
57.3
57.7
56.9
56.0
56.0
56.6
21.0
21.1
20.4
19.8
19.7
18.6
17.3
18.8
19.0
19.7
20.3
accounts in the United States. Beginning with July 1974 the
figures exclude noninterest-bearing notes issued to the International
Monitary Fund.
£/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also in
cluded are certain government deposit accounts and government-spon
sored agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
62
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, O CTO BER 31, 1974
tions in the September I960 Bulletin, and for State and local
The monthly Treasury Survey of Ownership covers securities
governments in the February 1962 Bulletin.
issued by the United States Government, Federal agencies, Fed
erally-sponsored agencies, and the District of Columbia.
The
banks and insurance companies included in the Survey currently
account for about 80 percent of all such securities held by
these institutions. .The similar proportion for corporations
Holdings by commercial banks distributed according to
and for savings and loan associations is 50 percent, and for
Federal Reserve member bank classes and nonmember banks are
State and local governments, 40 percent.
published for June 30 and December 31.
Data were first pub
Holdings by corporate
lished for banks and insurance companies in the May 1941 Treas
pension trust funds are published quarterly, first appearing in
ury Bulletin, for corporations and savings and loan associa
the March 1954 Bulletin.
Table TSO-1. - Summary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Classification
Total
private
inves
tors
273,525
205,649
100,884
116,888
172,641
88,761
39,376
1,424
2,446
2,099
1,709
479,174
217,772
261,402
39,376
1,424
2,446
2,099
1,709
Total
amount
outstand
ing 1 /
1,051
480,225
-
1,051
476
Insurance5 companies
5,582
commer mutual
cial
savings
445 fire,
banks
banks
casualty,
288
2/
Z/
life
and
marine
_
-
-
_
State and local
governments
188
315
pension
general and re
funds
tirement
funds
All
other
private
inves
tors 2 /
' 4,446
6,860
1,073
113,206
88,761
4,446
6,860
1,073
201,969
436
savings 467
and loan corpo
associa rations
tions
_
_
_
1,051
39,376
1,424
2,446
2,099
1,709
4,446
6,860
1,073
203,020
263
2,679
746
976
5,431
236
5,245
1,125
222
108
36
167
286
1,712
2,873
480
184
43
187
70
C'
'N
N
C
262,453
4,585
149
10,066
1,943
8,118
1.605
406
156
223
237
1,356
171
1,185
11,422
2,119
491,647
219,891
9,303
271,756
Footnotes at end of Table TS0-5.
_
217,772
0
l0
f\
Public debt issues:
Interest-bearing public
debt securities:
Marketable...........
Nonmarketable 4/......
Total interest-bearing
public debt securities..
Matured debt and debt
bearing_na interest;.....
Total public debt
securities..........
Government acrencv issues:
Regular issues..........
Participation
certificates 5/........
Total Government agency
securities covered in
Treasury Survey........
Nonsurveyed Government
agency securities......
Total Government agency
securities 2/*.........
Total Federal securities....
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
. ,.,,42.5 ,
1.009
_____
U & 2.
63
December 1974
_ TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1974
Table TSO-2. - 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
outstand
ing 1/
Classification
By type security:
Issued by U.S. Government:
Treasury bills........... .
Federal Financing Bank bills.....
Treasury notes...... .
Treasury bonds........... .
Total.......................
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.............
Total.......................
Maturity classes (final maturity):
Within 1 year.................
1 to 5 years..................
5 to 10 years.................
10 to 15 years... ............
15 to 20 years................
Total.......................
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
37,056
15
50,722
13,092
State and local
486
governments
savings 467
188
445 fire, and loan corpo
pension
casualty, associa rations 315
general
and re
and
tions
funds
tirement
marine
funds
Held by
all
other
inves
tors 2/
5,582
commer
cial
banks
2/
J-7
A
4
IO
mutual
savings
banks
2/
103
1
897
423
1,424
64
1
255
2,126
2,446
135
14
1,238
711
2,099
48
2
1,279
380
1,709
1,715
40
2,355
336
4,446
2,569
45
3,135
1,111
6,860
141
794
1,073
64,819
1,319
34,622
12,449
113,20$
349
618
157
74
138
87
161
476
555
411
559
283
2,446
447
836
466
204
113
32
2,099
364
844
297
147
38
20
1,709
2,786
1,293
265
36
65
1
4,446
3,948
1,808
639
173
161
130
6,860
300
126
93
315
192
47
1,073
75,551
24,239
5,731
3,159
2,487
2,042
113,20$
122
193
839
237
762
294
2,446
423
798
504
57
248
69
2,099
353
820
321
60
131
24
1,709
2,777
1,284
274
15
55
39
4,446
3,885
1,711
737
117
255
154
6,860
204
86
133
118
393
138
1,073
75,193
23,649
6,320
868
4,493
2,685
113,208
110,582
1,501
127,679
33,762
273,525
100,884
3,934
62
33,037
2,341
39,376
145,532
80,868
27,563
9,286
6,576
3,700
273,525
49,227
29,437
14,500
4,282
2,430
1,009
100,884
12,399
21,191
4,859
485
393
49
39,376
144,334
79,407
29,024
3,334
11,560
5,865
273,525
48,720
29,158
14,779
1,612
4,492
2,123
100,884
12,318
21,106
4,944
219
541
248
39,376
1,424
338
602
174
31
190
90
1,424
288
life
138
_
Footnotes at end of Table TSO-5.
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue
(Par values - in millions of dollars)
Held by Investors covered in Treasury Survey
Issue
treasury pills:
Regular weekly and annual
maturing:
Nov.
1974.............
Dec.
1974.............
Jan.
1975.............
Feb.
1975.............
Mar.
1975.............
Apr.
1975.............
May
1975.............
June
1975.............
July
1975.............
Aug.
1975.............
Sept.
1975.............
Oct.
1975.............
Total Treasury Bills...........
Federal Financing Bank Bills:
Mar.
1975.............
Footnotes at end of Table TSO-5.
State and local
Insurance companies
Total
amount
outstand
ing 1 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,582
commer
cial
banks
2/
20,472
19,832
24,724
9,808
9,214
9,711
3,798
3,807
3,608
1,803
1,803
2,003
110,582
7,371
7,113
8,939
3,549
3,127
1,971
1,044
834
1,302
393
715
698
37,056
246
199
811
296
236
563
370
497
161
114
141
299
3,934
11
6
12
5
10
7
2
16
8
23
4
103
11
2
3
1
1
1
9
1,501
15
64
1
476
mutual
savings
banks
2/
288
life
486
savings
445 fire, and loan
casualty, associa
and
tions
marine
5V T C A U IIK M U D
467
corpo
315
rations general
funds
64
27
25
51
11
8
5
3
3
*
*
*
1
135
18
4
3
6
5
3
1
*
4
4
*
48
41
76
296
151
245
332
60
183
218
66
7
40
1,715
747
506
262
163
159
75
119
193
85
129
120
11
2,569
1
14
2
40
45
-
34
-
1
188
pension
and re
tirement
funds
36
38
44
9
6
*
*
2
*
1
*
138
Held by
all
other
inves
tors 2 /
11,963
11,860
14,304
5,617
5,418
6,754
2,199
2,070
1,830
1,037
815
952
64,819
1,319
64
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1974
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—Continued
(Ear values - in millions of dollars)
Held by investors covered, in Treasury Survey
U. S. Govern
ment ac
outstand counts and
Federal
ing 1 /
Reserve
banks
Total
Issue
Treasury
5-3/4#
5-7/8
5-6/4
5-7/8
5-7/8
6
5-7/8
8-3/8
7
7
5-7/8
6-1/4
8
5-3/5
6-1/2
8-3/4
6-1/2
7-1/2
8.25
6-1/4
8
6-7/8
9
7-3/4
6-1/4
8-3/4
6
6-1/4
6-5/8
7
6-7/8
9
7
notes:
Nov.
Dec.
Feb.
Feb.
May
May
Aug.
Sept.
Nov.
Dec.
Feb.
Feb.
Mar.
May
May
June
Aug.
Aug.
Sept.
Nov.
Feb.
May
May
Aug.
Feb.
Aug.
Nov.
Aug.
Nov.
Nov.
May
Aug.
Feb.
1974-A.....
1974-F.....
1975-A.....
1975-E.....
1975-F.....
1975-B.....
1975-C.....
1975-G.....
1975-D.....
1975-H.....
1976-F.....
1976-A.....
1976-H.....
1976-E.....
1976-B.....
1976-1.....
1976-G.....
1976-C.....
1976-J.....
1976-D......
1977-A.....
1977-C.....
1977-D.....
1977-B.....
1978-A.....
1978-C.....
1978-B.....
1979-A.....
1979-B.....
1979-C.....
1980-A.....
1980-B.....
1981-A.....
Total Treasury notes
Treasury bonds:
3-7/8# Nov.
1974.......
1975-85.....
4-1/4 May
1978-83.....
3-1/4 June
Feb.
4
3-1/2 Nov.
Aug.
7
6-3/8 Feb.
Aug.
6-3/8
3-1/4 May
6-1/8 Nov.
1987-92.....
4-1/4 Aug.
Feb.
1988-93.....
4
7-1/2 Aug.
1988-93.....
4-1/8 May
1989-94.....
1990.......
3-1/2 Feb.
Feb.
6-3/4
1993.......
May
1993-98.....
7
8-1/2 May
1994-99.....
Feb.
1995.......
3
1998.......
3-1/2 Nov.
Total Treasury bonds
Total marketable public debt
securities..................
Footnotes at end of Table TSO-5.
5,582
Insurance companies
476
.
-
MtUcLL
cial
banks
2/
savings
banks
2/
288
life
445 fire,
casualty,
and
marine
State and local
486
crovemments
1
C
j
r
j
savings
188
and loan corpo
pension
associa rations 315
general
and
re
tions
funds tirement
funds
5,442
2,102
4,015
1,222
1,776
6,760
7,679
2,042
3,115
1,731
4,945
3,739
1,532
2,802
2,697
2,704
3,883
4,194
2,031
4,325
5,163
2,565
5,327
4,918
8,389
2,462
8,207
4,559
1,604
2,241
7,265
4,285
1,842
119
127,679
2,242
109
1,551
128
135
4,534
2,760
49
746
242
1,397
2,859
56
583
820
690
1,855
1,665
316
307
3,061
493
2,967
1,686
3,384
639
3,616
1,774
1,117
462
5,498
2,501
479
50,722
1,026
761
913
551
794
745
2,617
754
991
861
1,956
321
533
1,170
636
769
1,007
917
916
1,854
686
1,146
745
1,303
1,893
746
1,842
802
210
1,120
769
676
996
12
33,037
25
24
21
10
29
24
59
39
22
14
57
7
25
22
32
25
28
34
1
37
42
20
13
36
89
19
46
33
2
7
48
3
3
1
897
4
2
7
1
*
12
17
1
10
*
2
3
*
4
3
1
7
3
1
38
1
1
1
6
39
2
37
18
1
4
7
1
4
14
255
14
1,238
1,213
1,198
1,462
2,571
1,895
807
2,702
2,353
919
1,216
3,618
225
1,914
1,393
3,784
627
692
1,473
770
2,931
33,762
142
507
279
867
749
408
1,043
1,376
224
882
1,429
70
1,127
550
1,130
186
260
854
137
872
13,092
160
80
84
161
103
37
555
232
43
95
92
5
238
12
116
78
172
27
11
37
2,341
2
11
16
30
22
3
26
13
12
8
35
4
13
3
94
41
2
1
10
77
423
11
39
284
127
371
3
19
17
189
9
131
29
9
45
529
20
8
3
24
260
2,126
38
25
38
95
56
25
57
27
26
7
122
2
17
29
71
5
2
34
9
24
711
13
4
47
1
39
8
25
26
24
10
4
*
6
14
380
273,525
100,884
39,376
1,424
2,446
2,099
1,709
29
10
54
7
4
59
63
9
50
24
79
10
9
48
47
12
13
53
13
31
28
64
9
60
101
33
59
40
27
59
56
37
28
29
27
44
8
18
36
114
8
20
11
89
14
7
43
19
3
26
11
24
53
14
26
4
23
198
182
48
3
33
94
1
43
4
1,279
18
11
25
64
40
-
Held by
all
oxiier
inves
tors J j
164
28
89
68
184
18
196
106
28
86
300
6
29
92
11
70
120
10
70
110
21
90
8
75
40
43
18
31
6
154
21
23
15
25
2,355
219
144
152
98
104
127
321
36
60
78
213
37
8
100
60
92
70
37
78
108
42
110
44
95
186
15
199
79
10
38
50
60
65
1
3,135
*
3
*
1
14
11
1
20
7
*
1
2
5
1
141
1,699
997
1,169
350
508
1,186
1,526
1,040
1,186
414
848
481
858
738
1,068
1,038
757
1,459
612
1,785
1,264
614
1,534
1,620
2,448
962
2,188
1,727
227
363
719
979
208
50
34,622
170
8
9
8
5
*
12
22
3
4
4
336
71
63
97
203
107
5
21
80
19
36
84
8
10
17
120
17
13
12
42
88
1,111
21
96
40
33
37
1
9
3
21
1
178
10
43
61
82
19
23
68
23
24
794
580
358
589
982
403
326
946
577
336
174
1,504
89
406
650
1,600
243
175
468
508
1,535
12,449
4,446
6,860
1,073
113,209
-
25
1
17
9
33
6
*
*
5
*
15
1
1
19
4
-
2
*
6
1
6
3
2
3
*
6
_
65
December 1974
.TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1974,
T able TSO -4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
amount
outstand
ing 1/ 2/
Type
Export-Import Bank:
5.30%
Feb. 1975
5.70
Dec. 1976
6-1/4 Aug. 1977
6.45
Feb. 1978
8.35
Aug. 1978
7.30
Nov. 1978
7
Mar. 1979
6.60
May 1979
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,582
cial
banks
2/
476
mutual
savings
banks
2/
State and local
486
crmror*nm»,
n+.a
savings
467
445 fire,
188 pen
casualty, and loan corpo 315
associa rations general sion and
and
retire
tions
marine
funds ment funds
Insurance companies
288
life
2
21
6
-
26
16
300
300
42
24
98
1
102
7
8
*
400
300
300
300
400
6
22
114
128
11
130
12
10
200
30
173
99
71
1
1
1
*
*
1
-
Mtg. Backed Bonds) 8/.........
Participation certificates......
143
250
_
10
88
11
4
9
1
-
Total.......................
Federal Housing Administration:
(Debentures).................
Government National Mortgage
Association:
Participation certificates......
Fostal Service:
6-7/8$ Feb. 1982-97 (Bonds).....
iCilllCCCCC ClJLXv.y nU UXXUliu.Y*
Short-term notes..............
8-3/4$ June 1975
(Bonds).....
7-1/4 July 1976
(Bonds).....
8.10
Apr. 1979
(Bonds).....
4.40
Nov. 1985
(Bonds).....
4-5/8 July 1986
(Bonds).....
4-1/2 Feb. 1987
(Bonds).....
5.70
May 1992
(Bonds).....
6-3/8 Nov. 1992
(Bonds).....
8-1/4 Oct. 1994
(Bonds).....
9
Mar. 1995
(Bonds).....
9-1/4 June 1995
(Bonds).....
7.30
Oct. 1996
(Bonds).....
7$
Jan. 1977
(Bonds).....
7.35
May 1997
(Bonds).....
7.35
July 1997
(Bonds).....
7.40
Oct. 1997
(Bonds).....
7.35
Jan. 1998
(Bonds).....
7.35
Apr. 1998
(Bonds).....
7-3/4 July 1998
(Bonds).....
7.70
Ont. 1^98
(Bonds).... .
8.05
Jan. 1999
(Bonds).....
2,893
155
1,002
44
13
14
107
413
61
34
31
62
6
4,335
1,702
392
173
44
250
25
13
17
6
50
50
6
4
3
15
1
_
3
6
10
3
*
*
5
3
3
(Debentures)...
(Debentures)...
(Debentures)...
(Debentures)...
(Debentures)...
(Debentures)...
(Debentures)...
(Debentures)...
Total Government agency securities
covered in survey.............
Footnotes at end of Table TSO-5.
100
100
_
_
_
-
2,175
10,066
100
100
50
50
45
70
60
100
100
50
150
150
150
150
150
100
150
150
7
4
.
*
*
*
1
*
1
1
*
4
6
4
3
3
3
*
-
9
33
52
5
-
1
1
*
1
2
2
2
8
1
-
20
84
24
336
256
95
872
16
-
1
54
149
178
69
33
129
662
952
1
1
3
-
22
162
_
*
*
*
4
*
_
_
25
-
15
33
77
83
*
3
3
_
_
*
_
*
_
_
26
27
25
12
20
11
12
42
44
82
3
5
86
2
2
2
1
2
5
*
3
3
5
3
121
112
110
*
1
1
■*
*
1
1
1
1
-
1
122
100
191
51
42
58
225
59
5
1
_
1
8
-
Held by
all
OTI1BP
inves
tors 2 /
_
3
4
15
17
17
18
18
16
1
1
1
2
6
1
*
1
2
1
80
125
50
47
5
.
10
2
4
1
1
*
_
*
2
_
_
1
1
_
_
_
_
_
_
_
6
1
5
4
29
_
*
*
10
143
1
2
2
10
18
44
2
1
*
2
6
1
*
9
9
3
4
-
-
1
1
*
4
18
*
-
6
163
141
30
24
45
20
50
176
1,520
1,948
1,605
406
156
223
237
391
435
1,009
3,655
22
32
44
-
5
2
4
*
2
1
8
2
107
1
8
2
69
106
94
53
90
*
-
111
Ti
BASURY SURVEY OF OWNERSHIP,OCTOBER 31, 1974 ,
TSO-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
'
(Par values - in millions of dollars)
Held by investors covered in Treasuiy Survey
Total
amount
outstand
ing
360
455
408
591
515
355
200
8/
8/
8/
8/
2,883 3/
200
150
400
300
400
403
300
301
301
300
150
300
200
250
350
300
150
201
201
200
200
200
5,758
1,050
1,000
250
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
13
1
7
8
-
29
12
8
10
4
2
27
_
-
7
9
10
16
32
3
3
9
22
19
193
_
49
-
400
5
250
500
300
700
265
400
500
300
350
600
700
250
-
400
300
600
600
300
500
700
600
500
500
200
500
300
600
300
300
700
29
21
44
29
18
45
12
27
11
8
8
*
7
28
8
9
-
45
19
2
9
12
70
-
6
21
400
-
500
500
600
600
500
400
500
300
350
200
200
24
20
69
-
48
19
46
40
14
8
400
-
200
13
Insurance companies
5,582
476
commer
cial
banks
mutual
savings
banks
2/
2/
39
44
40
73
42
30
90
357
2
3
4
1
1
*
1
12
57
80
91
114
144
131
94
104
104
179
14
75
68
60
78
19
9
28
1
16
47
19
1,533
4
6
26
21
32
31
21
2
10
2
2
25
10
35
36
19
18
31
30
7
9
374
83
219
33
144
59
145
71
185
37
92
109
49
80
183
106
72
67
66
84
188
101
151
147
136
89
207
43
102
101
143
87
128
147
115
168
69
124
134
117
68
72
126
44
39
60
79
48
7
20
8
10
10
10
7
18
16
9
10
17
21
5
11
6
14
4
6
12
10
13
10
2
6
10
13
19
5
30
5
8
13
8
11
4
9
8
5
4
5
6
11
19
7
11
10
288
life
1
*
-
_
-
44 5 fire,
casualty,
and
marine
1
1
1
1
4
-
1
8
1
1
1
1
5
*
3
1
1
1
1
1
2
1
6
6
6
3
2
4
-
3
4
2
*
-
1
2
6
5
5
1
1
2
2
*
3
42
3
1
6
-
*
*
-
*
-
*
1
1
*
*
_
-
1
*
1
1
1
_
1
-
*
1
46
14
3
2
2
5
1
4
1
11
1
2
3
5
2
1
*
1
6
1
1
*
1
*
4
*
*
*
_
2
1
6
1
2
1
5
2
6
9
5
1
3
6
2
3
2
1
*
-
5
1
*
1
*
_
*
*
_
-
1
1
i by
486
savings
and loan
associa
tions
467
ir
corpo
rations
iS-
2
3
7
3
4
1
1
21
3
12
2
1
13
15
14
60
255
322
333
431
407
308
89
,145
5
5
*
_
1
1
_
_
_
12
_
_
_
2
_
_
_
_
_
_
«
_
21
Hi
55
239
125
195
222
166
154
163
97
76
103
64
104
183
113
69
75
74
60
126
118
114
47
402
512
187
142
134
267
146
312
164
194
235
161
167
266
521
128
255
216
409
205
130
260
448
388
313
152
111
307
146
280
151
107
447
225
204
347
334
409
343
230
347
94
224
116
117
280
123
16
8
3
5
5
2
2
2
1
45
28
18
9
10
2
14
17
49
3
3
246
2
64
16
27
25
8
14
33
24
17
28 '
16
50
32
24
34
7
2
12
28
13
21
7
9
11
29
13
11
12
29
11
13
20
7
29
11
28
9
16
15
14
11
14
6
2
1
2
45
4
26
20
58
_
38
52
_
7
29
9
-
38
_
15
62
23
17
57
64
4
52
18
21
18
18
36
18
10
12
30
24
10
14
18
_
1
1
1
_
2
20
~
^y
^694
December 1974
^
________________________ TREASURY SURVEY OP OWNERSHIP,OCTOBER 31, 1 0 ^
T able TSO-5. - Securities Issued by Government-Sponsored Agencies
and the D istrict o f C olum bia—Continued
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Total
amount
outstand
ing
E§4eral Home Loan, Banks.(Continued);
400
7-3/8% Nov. 1983-93 (Bonds)....
May 1984
(Bonds)....
300
8.75
FHLMC 2/
Aug. 1976
7.05
(Mtg. Backed Bonds)..
400
Feb. 1977
6.15
FHIMC 2 /
(Mtg. Backed Bonds)..
350
8.60
Nov. 1976-95 FHLMC 9/
(Mtg. Backed Bonds)..
140
Aug. 1977-96 FHLMC 9/
7.75
(Mtg. Backed Bonds)..
150
May 1982-97 FHIMC 9/
7.15
(Mtg. Backed Bonds)..
150
Issued to State and Local Govts.
392
FHIMC 2/2/ (Mtg. Backed Bonds)..
Total.
23,647
Federal Intermediate Credit Banks:
8%
Nov. 1974 (Debentures)...
787 8/
Dec. 1974 (Debentures)...
7.15
820 8/
Jan. 1975 (Debentures)...
6.05
240 8/
Jan. 1975 (Debentures)...
8.15
621 8/
8.80
Feb. 1975 (Debentures)...
691 8/
Mar. 1975 (Debentures)...
9
819 8/
834 8/
9-1/4 Apr. 1975 (Debentures)...
May 1975 (Debentures)...
788 8/
9.45
9.80
June 1975 (Debentures)...
734 8J
5.70
July 1975 (Debentures)...
786 8/
9.60
July 1975 (Debentures)...
302 8/
Jan. 1977 (Debentures)...
262 8/
6.65
7.10
Jan. 1977 (Debentures)...
236 8 /
8.70
Apr. 1977 (Debentures)...
321 8/
7.10
Jan. 1978 (Debentures)...
406 8/
Total.,
8,647 8/
Federal Land Banks:
4-1/8$ Feb. 1973-78 (Bonds)....
148
Jan. 1975
(Bonds)....
300 8/
7.15
8-3/8 Jan. 1975
(Bonds)....
220
4-3/8 Apr. 1975
(Bonds)....
200
Apr. 1975
7.65
(Bonds)....
300 8/
5.70
July 1975
(Bonds)....
425
8.30
July 1975
(Bonds)....
300 8/
7.20
Oct. 1975
(Bonds)....
300
7.40
Oct. 1975
(Bonds)....
362 8/
Jan. 1976
6.25
(Bonds)....
300
9.20
Jan. 1976
(Bonds)....
651 8/
5
Feb. 1976
(Bonds)....
123
6-1/4 Apr. 1976
373
(Bonds).*.#
Apr. 1976
(Bonds)....
8-I/4
400 8/
5-3/8 July 1976
(Bonds)....
150
July
1976
7.05
(Bonds)....
360
7.15
Oct. 1976
(Bonds)....
450
(Bonds)....
565 8/
8-1/4 Apr. 1977
7-1/2 July 1977
(Bonds)....
550
1977
(Bonds)....
6.35
Oct.
300 8/
Jan. 1978
8.70
(Bonds)....
546
5-1/8 Apr. 1978
(Bonds)....
150
6.40
July 1978
(Bonds)....
269
1978
(Bonds)....
9.15
July
350 8/
Oct. 1978
(Bonds)....
7.35
550
Jan. 1979
(Bonds)....
509 8/
5
7.10
Jan. 1979
(Bonds)....
300 8/
Apr. 1979
(Bonds)....
6.85
235
July 1979
(Bonds)....
7.15
389
6.80
Oct. 1979
(Bonds)....
400 8/
6.70
Jan. 1980
(Bonds)....
300
7-1/2 July 1980
(Bonds)....
250
8.70
(Bonds)....
Oct. 1980
400 8/
6.70
Apr. 1981
(Bonds)....
224
9.10
July 1981
(Bonds)....
265 8/
6.90
Apr. 1982
(Bonds)....
200
7.30
Oct. 1982
(Bonds)....
239
7.30
Oct. 1983
(Bonds)....
300
Total.
12,653 & /
Footnotes at end of table.
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Insurance companies
5,582
commer
cial
banks
2/
476
mutual
savings
banks
2/
288
life
486
savings 467
445 fire, and loan corpo
casualty, associa rations
and
tions
marine
State and local
governments
188
pension
315
general and re
funds tirement
funds
Held by
all
other
inves
tors y
58
32
145
31
3
5
1
1
-
2
23
7
11
2
6
14
7
_
145
209
18
168
3
-
1
21
_
3
_
186
17
84
11
1
2
43
11
4
1
176
_
-
5
13
2
-
5
_
3
111
-
6
12
10
_
4
_
_
18
99
-
3
12
1
2
2
7
2
36
86
971
5,358
544
37
138
936
1,085
392
1,763
148
12,665
8
8
8
5
35
170
112
90
127
94
95
72
80
78
108
63
68
86
87
189
1,521
17
10
3
10
16
8
9
3
10
14
1
8
1
8
9
127
1
1
1
_
*
*
7
4
1
2
5
4
2
3
5
11
37
11
8
11
8
3
7
4
28
5
21
13
7
17
187
12
18
11
1
7
5
1
11
9
7
10
"
-
3
10
12
25
-
8
38
159
.
*
*
_
1
1
5
2
3
1
2
14
56
_
_
_
_
24
23
30
169
'
5
1
*
*
1
7
3
30
5
9
*
_
26
36
42
2
29
10
2
-
10
17
7
10
36
43
2
3
7
5
-
7
47
30
433
32
69
23
24
58
128
54
56
116
75
85
15
105
91
11
103
135
130
132
106
136
18
92
68
213
55
88
47
155
149
107
94
92
48
25
32
30
76
3,073
5
6
8
6
4
14
5
11
7
16
4
3
12
10
4
7
13
13
15
7
1
2
10
2
3
13
5
18
7
28
13
3
*
14
1
23
7
2
319
5
_
2
1
*
1
2
_
1
_
2
1
*
*
_
*
_
*
*
1
2
1
_
_
6
*
*
*
1
2
_
_
_
_
_
1
1
31
4
*
5
3
1
3
*
1
1
7
1
2
1
5
4
7
1
2
10
3
1
6
10
8
1
12
1
1
1
4
1
5
3
*
8
*
*
5
128
*
38
98
12
36
20
10
24
60
23
14
3
13
8
5
13
377
_
2
*
*
_
_
_
_
_
_
3
523
532
112
427
533
653
722
621
596
603
193
149
102
181
96
6,042
—
4
8
3
5
6
51
7
10
3
19
1
3
28
16
2 22
14
13
24
10
8
2
6
2
46
11
31
2
14
3
4
1
5
*
3
1
__ 1_
388
16
36
4
9
8
40
6
1
13
15
48
9
2
10
*
6
19
5
12
_
15
4
20
10
75
14
6
15
1
14
2
10
6
2
*
_
-
27
481
1
8
5
31
31
7
4
6
19
2
67
4
9
17
8
26
5
10
54
11
1
14
2
7
6
19
8
6
10
23
8
3
10
7
3
1
3
8
462
1
_
_
2
_
*
*
_
_
2
2
_
4
6
_
2
5
7
_
6
*
4
12
2
10
1
20
1
4
2
2
*
_
1
8
104
80
167
170
119
192
180
223
207
201
136
438
83
206
247
114
164
226
346
295
133
374
95
126
250
185
361
144
135
144
135
155
130
279
142
228
134
148
142
7,233
68
Treasury Bulletin
T ttWAflimV SURVEY OP O W N BRSHIP.OCTOBER 31, 1974__________________________ _
Table TSO -5. Securities Issued by Government-Sponsored Agencies
and the D istrict o f C olu m b ia —Continued
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Issue
Feder^Na^ional. Mortgage
Association:
Discount Notes.....
6.10# Dec. 1974
(Debentures)..
(Debentures)..
6.45 Dec. 1974
(Debentures)..
6.35 Mar. 1975
(Debentures)..
7.55 Mar. 1975
(Debentures)..
5-1/4 June 1975
6.80 Sept. 1975
(Debentures)..
7.50 Sept. 1975
(Debentures)..
5.70 Dec. 1975
(Debentures)..
(Debentures)..
8.25 Dec. 1975
(Debentures)..
5.65 Mar. 1976
7-1/8 Mar. 1976
(Debentures)..
5.85 June 1976
(Debentures)..
6.70 June 1976
(Debentures)..
10
June 1976
(Debentures)..
5.85 Sept. 1976
(Debentures)..
6-1/8 Sept. 1976
(Debentures)..
(Debentures)..
6.25 Dec. 1976
7.45 Dec. 1976
(Debentures)..
8.45 Dec. 1976
(Debentures)..
4-1/2 Feb. 1977
(Debentures)..
6.30 Mar. 1977
(Debentures)..
7.05 Mar. 1977
(Debentures)..
6.50 June 1977
(Debentures)..
6-3/8 June 1977
(Debentures)..
7.20 June 1977
(Debentures)..
6-7/8 Sept. 1977
(Debentures)..
7.85 Sept. 1977
(Debentures)..
(Debentures)..
7-1/4 Dec. 1977
(Debentures)..
7.55 Dec. 1977
8.45 Mar. 1978
(Debentures)..
7.15 June 1978
(Debentures)..
(Debentures)..
7.15 Sept. 1978
6.75 Dec. 1978
(Debentures)..
(Debentures)..
8.95 Dec. 1978
(Debentures)..
7.25 Mar. 1979
June
(Debentures)..
7.85
1979
9.80 June 1979
(Debentures)..
6.40 Sept. 1979
(Debentures)..
(Debentures)..
6.55 Dec. 1979
6-7/8 Mar. 1980
(Debentures)..
8.50 June 1980
(Debentures)..
7.50 Sept. 1980
(Debentures)..
6.60 Dec. 1980
(Debentures)..
(Debentures)..
7.05 Mar. 1981
June
1981
(Debentures)..
7*1/4
1981
(Debentures)..
Sept.
W
9*70 Sept. 1981
(Debentures)..
(Debentures)..
7.30 Dec. 1981
8-7/8 Mar. 1982
(Debentures)..
6.£>5 June 1982
(Debentures)..
6.80 Sept. 1982
(Debentures)..
(Debentures)..
7.35 Dec. 1982
(Debentures)..
6.75 June 1982
7.30 June 1983
(Debentures)..
(Debentures)..
6.75 Sept. 1983
(Debentures)..
6-1/4 June 1984
6.90 Dec. 1984
(Debentures)..
7
Mar. 1992
(Debentures)..
(Debentures)..
7.05 June 1992
7.10 Dec. 1982-97 (Debentures)..
8
Apr. 1975
(Capital
Debentures)..
4-3/8 Oct. 1966
(Capital
Debentures)..
7.40 Oct. 1982-97 (Capital
Debentures)..
8-3/8 June 1975
(Mtg. Backed
Bonds).....
8-5/8 Oct. 1980-90 (Mtg. Backed
Bonds).....
Issues to State and Local Govern
ments (Mtg. Backed Bonds) 2/.....
Total.
District of Columbia:
4.20# Dec. 1970-79 (Bonds)....
Total
amount
outstand
ing
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
60
67
50
32
63
35
28
11
45
16
33
27
41
29
21
30
47
8
17
6
37
39
50
15
27
130
50
27
45
8
29
60
9
16
34
15
68
46
42
7
23
31
11
22
15
Insurance companies
5,582
commer
cial
banks
2/
476
mutual
savings
banks
2/
54
21
51
50
17
39
35
18
17
245
89
144
196
98
115
153
66
137
88
118
147
113
42
110
170
93
155
53
111
15
124
107
52
67
178
70
89
158
185
108
150
118
107
45
200
123
107
124
116
65
60
204
109
72
43
43
56
108
28
47
56
172
34
83
45
34
26
17
27
13
27
9
11
18
11
10
19
17
15
5
13
6
9
12
15
24
15
14
18
9
6
20
10
9
11
3
9
4
5
19
14
10
12
17
5
5
3
5
20
34
23
4
3
24
8
13
18
*
8
1
31
13
4
12
3
31
17
17
32
13
18
200
-
36
.9
248
-
5
2
250
33
27
60
3,646
250
450
600
300
500
650
350
500
300
500
400
450
250
700
500
300
500
300
600
198
500
400
150
250
500
300
400
500
500
650
600
550
300
300
500
300
600
300
350
250
450
400
300
350
250
250
300
250
300
250
200
300
200
300
250
200
250
200
200
200
U
288
life
2
-
486
savings 467
445 fire, and loan corpo
casualty, associa rations
and
tions
marine
State and local
governments
188
315
pension
general and re
funds tirement
funds
21
2
4
8
*
2
5
2
2
1
4
2
2
1
2
1
*
*
*
2
4
5
2
*
1
*
13
*
1
2
5
2
1
7
*
6
1
2
1
3
4
1
5
1
2
1
1
7
2
*
3
1
2
2
1
1
*
2
3
*
34
10
16
31
20
88
55
30
52
4
80
27
63
35
16
55
28
59
12
19
15
53
48
10
16
39
20
24
53
32
36
81
100
7
14
35
1
2
17
14
5
17
1
2
2
8
9
1
5
10
4
*
10
3
10
12
10
4
10
9
208
22
10
58
5
29
19
34
40
35
14
22
11
2
22
9
1
12
44
20
5
12
3
29
21
29
51
22
10
2
12
42
14
2
3
*
12
25
1
2
5
20
3
15
4
1
13
4
4
-
925
18
12
9
27
8
15
6
3
15
6
3
4
2
43
6
3
8
9
15
6
8
32
1
1
20
1
19
12
19
10
20
36
2
2
12
5
41
4
1
1
10
30
6
2
1
2
15
4
5
2
13
66
2
10
1
3
2
1
4
3
-
1
18
2
2
6
8
5
1
10
*
-
-
2
1
*
1
*
1
1
*
1
*
2
1
7
*
*
*
1
*
1
4
1
1
1
1
3
*
*
*
*
1
3
6
.
2
1
2
1
10
Held by
all
other
inves
tors 2 /
1
10
2
_
14
5
3
.
15
*
.
_
_
*
_
_
1
2
2
2
1
9
*
1
*
2
3
*
*
1
1
*
14
23
13
2,171
100
192
213
86
213
320
160
222
142
220
177
214
157
463
193
131
230
175
350
118
276
172
76
148
183
146
193
213
160
323
277
240
113
213
172
93
430
113
147
135
275
83
111
256
150
142
188
99
248
135
97
2
114
136
107
112
154
93
105
116
22
_
113
14
-
*
211
-
2
26
87
13
-
2
1
*
*
_
*
-
.
*
*
2
7
-
250
6
33
6
*
9
8
68
9
109
200
40
7
17
1
4
5
-
5
16
105
551
1,916
6,132
881
68
168
1,535
1,007
551
2,220
201
13,416
*
3
*
1
5
—
1
2
8
27,543
20
December 1974
69
.TREASURY SURVEY OF OWNERSHIP, OCTO BER 31, 1974,
F ootn otes for Treasury Survey o f O w nership
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the new unified budget concept. For debt
subject to limitation, see Table FD-9.
2/ Includes trust departments.
2 / Included with all other investors are those banks, insurance companies,
savings and loan associations, corporations, and State and local
government funds not reporting in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
i j Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of ownership.
Includes Export-Impart Bank and Government National Mortgage Associ
ation participation certificates.
6/ Includes matured securities outstanding on which interest has ceased.
7/ Direct placements with State and Local Government with various
interest rates and Maturity dates.
8 / Includes securities issued for use as collateral for short-term
borrowings.
2 / Obligation of the Federal Home Loan Mortgage Corporation. The capital
stock of the Federal Home Loan Mortgage Corporation is held by the
twelve Federal Home Loan Banks.
* Less than $500,000.
Treasury Bulletin
70
\a A P g g T QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 29,
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable ?ecu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
The securities
Securities
States Government are excluded.
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
Issue date
$2,806
2,611
2,497
2,500
2,605
2,527
2,877
2,696
2,709
2,704
2,802
2,800
2,786
$1,904
1,903
1,907
1,901
1,905
1,906
1,901
1,901
1,902
2,007
2.004
1,991
2.004
2,012
1,806
1,802
1,800
Bid
26-week
13-week
13-week
Bank discount
Maturity
date
9/5/74
9/12/74
9/19/74
9/26/74
10/3/74
10/10/74
10/17/74
10/24/74
10/31/74
11/7/74
11/14/74
11/21/74
11/29/74
6/6/74
6/13/74
6/20/74
6/27/71
7/5/74
7/11/74
7/18/74
7/25/74
8/1/74
8/8/74
8/15/74
8/22/74
8/29/74
9/5/74
9/12/74
9/19/74
9/26/74
10/3/74
10/10/74
10/17/74
10/24/74
10/31/74
11/7/74
11/14/74
11/21/74
11/29/74
1,894
2.003
2.004
2,010
1,998
2,100
2,104
2,089
2,119
Change from
last month
8.65#
7.90
7.74
7.69
7.67
7.67
7.60
7.61
7.57
7.53
7.52
7.49
7.47
7.55
7.58
7.59
7.61
12/5/74
12/12/74
12/19/74
12/26/74
1/2/75
1/9/75
1/16/75
1/23/75
1/30/75
2/6/75
2/13/75
2/20/75
2/27/75
3/6/75
3/13/75
3/20/75
3/27/75
4/3/75
4/10/75
4/17/75
4/24/75
5/1/75
5/8/75
5/15/75
5/22/75
5/29/75
+1.59#
+.84
+.70
+.65
+.06
-.15
-.31
-.30
-.23
-.45
-.44
-.46
-.48
-.39
-.36
-.35
-.33
-.29
-.28
-.28
-.28
-.12
7.64
7.65
•I7.OP
AS
7.64
7.65
7.65
7.65
7.64
7.56
Amount
outstanding
(millions)
Issue
date
one-year
one-year
$1,803
1,802
1,802
1,801
1,801
1,802
1,802
1,802
1,806
1,803
1,803
2,003
2,002
$1,501
2,003
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/27/74
9/24/74
10/22/74
11/19/74
Special
11/4/74
9/4/74
Bank discount
Maturity
date
Bid
Change from
last month
12/17/74
1/14/75
2/11/75
3/11/75
4/8/75
5/6/75
6/3/75
7/1/75
7/29/75
8/26/75
9/23/75
10/21/75
11/18/75
Issue
7.80#
7.62
7.54
7.58
7.64
7.65
7.60
7.61
7.59
7.50
7.49
7.39
7.26
+.81#
-.24
-.42
-.36
-.24
-.10
-.20
-.10
-.12
-.19
-.16
-.06
6/19/75
6/30/75
7.60#
7.62
-#
-.13
Federal Financing Bank Bills and Tax Anticipation Bills
Amount
outstanding
(millions)
Issue
date
52-week
52-week
$1,501 FFB
2.251 TAB
1.251 TAB
7/30/74
12/3/74
12/5/74
-
Bank discount
Maturity
date
3/31/75
4/16/75
6/17/75
Bid
7.63#
7.69
7.52
Change from
last month
-.31#
Table MQ-2. - Treasury Notes
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
$2,102
4,015
1,222
6,760
1,776
7,679
2,042
3,115
1,731
3,739
4,945
1,532
2,697
2,802
2,704
4,194
3,883
2,021
4,325
5,163
2,565
5,327
4,918
3,621
8,389
2,462
8,207
1,017
4,559
1,604
2,241
Description
Bid
5-7/8$
5-3/4
5-7/8
6
5-7/8
5-7/8
8-3/8
7
7
6-1/4
5-7/8
8
6-3/2
5-3/4
8-3/4
7-1/2
6-1/2
8-1/4
6-1/4
8
6-7/8
9
7-3/4
7-3/4
6-1/4
8-3/4
6
7-7/8
6-1/4
6-5/8
7
_
_
_
-
_
_
_
_
_
_
_
_
_
_
-
_
_
-
_
_
-
•
-
Footnotes at end of Table MQ-3.
12/31/74-F
2/15/75-A
2/15/75-E
5/15/75-B
5/15/75-F
8/15/75-C
9/30/75-G
11/15/75-D
12/31/75-H
2/15/76-A
2/15/76-F
3/31/76-H
5/15/76-B
5/15/76-E
6/30/76-1
8/15/76-C
8/15/76-G
9/30/76-J
11/15/76-D
2/15/77-A
5/15/77-C
5/15/77-D
8/15/77-B
11/15/77-E
2/15/78-A
8/15/78-C
11/15/78-B
5/15/79-D
8/15/79-A
11/15/79-B
11/15/79-C
99.23
99.13
99.15
99.05
99.03
98.23
100.16
99.16
99.14
98.24
98.01
100.23
98.23
97.22
101.29
100.07
98.20
101.11
97.29
101.05
98.21
103.10
100.22
100.22
96.18
104.00
94.31
101.05
95.08
96.08
97.24
Yield
Change
from last
month
+.04
+.05
+.06
+.05
+.05
+.10
+.03
+.06
+.09
+.24
+.16
+.17
+.21
+.22
+.16
+.20
+.29
+.25
+1.00
+.27
+1.07
+1.00
+1.02
+1.14
+1.19
+1.19
+1.11
+1.26
+1.24
+1.21
To
maturity
9.36#
8.61
8.41
7.92
7.94
7.78
7.74
7.55
7.55
7.35
7.62
7.42
7.45
7.46
7.45
7.36
7.37
7.45
7.42
7.42
7.49
7.50
7.46
7.49
7.48
7.49
7.50
7.56
7.47
7.55
7.55
Change
from last
month
+1.00#
+.22
+.02
-.05
-.02
-.24
-.16
-.15
-.22
-.57
-.32
-.44
-.42
-.41
-.38
-.39
-.52
-.48
-.51
-.43
-.53
-.48
-.44
-.49
-.51
-.46
-.36
-.46
-.43
-.40
Issue
date
Price range since first traded 1/
High
Low
Price
12/28/72
2/15/68
10/22/71
5/15/68
4/3/72
2/15/71
9/4/73
8/15/71
11/15/73
2/15/69
8/15/72
4/9/74
5/15/69
2/15/72
5/15/74
10/1/69
2/15/73
9/30/74
9/8/71
2/15/70
2/15/74
8/15/74
8/15/70
11/15/74
2/15/71
5/15/74
11/15/71
11/6/74
8/15/72
2/15/73
11/15/73
Date
Price
Date
99.30i* 12/21/72
104.20
3/22/71
1/14/72
102.10
105.22
3/22/71
5/30/72
101.07
105.00
3/22/71
102.26 12/17/73
1/14/72
106.09
100.24
2/6/74
3/22/71
106.24
100.Oli
8/9/72
100.28 11/22/74
3/22/71
107.24
101.00
2/17/72
101.31 11/25/74
111.28
3/22/71
99.26
2/15/73
101.14 11/25/74
103.27 12/28/71
114.08
3/22/71
100.16
2/14/74
103.15 11/22/74
114.00
3/22/71
100.26 11/15/74
106.20
3/22/71
104.08 11/25/74
101.08
1/14/72
101.11 11/20/74
100.20 13/25/72
100.06
4/9//3
101.10 12/20/73
96.01
89.18
96.00
90.00
95.16
95.01
98.04
96.27
96.19
91.20
94.04
98.00
92.16
93.12
99.02
97.04
95.04
99.24
94.02
98.08
94.29
99.31
97.04
100.14
92.06
99.24
90.10
99.21
90.04
91.02
92.16
8/7/73
12/29/69
8/7/73
5/18/71
8/7/73
8/7/73
8/23/74
8/23/74
8/23/74
1/30/70
8/7/73
8/23/74
1/30/70
8/26/73
8/23/74
8/26/74
8/26/74
10/2/74
8/23/73
8/23/74
8/26/74
8/23/74
8/26/74
11/18/74
8/23/74
8/23/74
S/23/74
10/29/74
8/23/74
8/23/74
8/23/74
December 1974
MARTTTC'T Q UOTATIONS ON T R E A S U R Y SECU RITIES,N O VEM BER 29, 1 9 7 4 _
Table MQ-2. - Treasury N otes—Continued
(Price decimals are 32d‘s)
Price
Amount
outstanding
(millions)
$7,265
4,307
1,842
2,716
8
30
27
11
5
17
15
3
2
1
Description
Bid
6-7/8$
9
7
7-3/4
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
1- 1/2
5A 5/80-A
8A5/80-B
2A5/81-A
11A 5/81-B
4A/75-EA
10A/75-E0
4A/76-EA
10A/76/E0
4A/77-EA
10A/77-E 0
4/1/79-EA
10A/78-E0
10A/79-E0
10A/79-E0
_
-
_
_
-
96.22
105.25
96.24
100.05
96.12
93.12
90.20
87.26
85.14
82.20
79.30
77.30
75.26
73.14
Yield
Price range since first traded
Change
from last
month
To
maturity
Change
from last
month
+1.17
+1.10
+1.18
7.63$
7.73
7.67
7.72
13.03
-.35$
-.29
-.32
-
+.12
+.16
+.28
+.26
+.26
+1.00
+.08
-
+1.24
+.13
-.29
10.02
9.15
8.86
-.21
-.20
8.52
8.52
8.55
8.35
8.26
8.29
+.10
+.12
+.10
-.28
+.06
+.03
Issue
date
Price
5A5/73
8A5/74
2A5M
11A5/74
4A/70
10A/70
4A/71
10A/71
4A/72
10A/72
4A/73
10A/73
4A/74
10A/74
-
+.02
Date
100.22
10/5/73
11/25/74
2/14/74
11/20/74
9/30/74
9/30/74
9/30/74
7/31/74
3/29/74
3/29/74
2/28/74
2/28/74
4/30/74
10/31/74
105.31
100.26
100.13
94.28
91.24
88.30
88.16
85.06
83.18
81.02
80.08
78.06
73.04
1/
Low
High
Price
Date
91.16
8/23/74
8/23/74
8/23/74
11/27/74
5/29/70
10/30/70
6/30/71
10/29/73
4/28/72
10/31/72
100.21
91.14
100.02
74.26
76.16
80.02
80.26
80.02
80.16
79.16
77.20
75.12
73.04
9/30/74
9/30/74
9/30/74
10/31/74
T able MQ-3. - T reasury Bonds
(Price decimals are 32d*s)
Price
Amount
out
standing
(millions)
$1,198
1,480
2,612
1,895
807
2,702
2,353
918
1,216
3,767
3,613
224
627
1,914
1,388
765
692
2,914
2,270
Description
4-1/4
3-1/4
_
-
4
-
3-1/2
7
6- 3/8
6- 3/8
3-1/4
6- 1/8
3- 1/2
-
4-1/4
4
6-3/4
7-1/2
4- 1/8
3
7
3- 1/2
8- 1/2
_
-
-
-
Bid
5A5/75-85
6 A 5/78-83
2A 5/80
11A 5/80
8A5/81
2A5/82
8A5/84
5A5/85
11A 5/86
2A 5/90
8A5/87-92
2A5/88-93
2A5/93
8 A 5/88-93
5A5/89-94
2A5/95
5A5/93-98
11A 5/98
5A 5/94-99
2/
1/
1/
1/
2/
2/
2/
1/
1/
2/
1/
2/
1/
Price range since first traded 1/
Yield
Change
from
last
month
To first
call or
maturity
2/
Change
from
last
month
Low
High
Issue
date
Price
Date
Price
Date
5/26/70
5/26/70
12/29/69
5/24/70
9A8/74
8/28/74
8/27/74
5/26/70
8/27/74
5/26/70
75.28
73.24
84.30
82.12
98.02
+1.16
+1.18
+1.18
+1.26
+1.18
7.64$
7.64
7.55
7.19
7.37
-.23$
-.2 7
-.3 6
-.3 8
-.3 0
4/5/60
5A/53
1/23/59
10/3/60
8A 5/71
105.28
111.28
103.18
97.24
110.02
5/5/61
8/4/54
5A2/61
5A2/61
11A 5/71
66.30
62.02
71.04
66.24
93.16
93.12
94.06
73.26
89.14
73.16
7.59
7.22
6.79
7.48
6.22
-.2 5
-.2 5
-.2 7
-.1 1
-.2 1
2A 5/72
8A 5/72
6/3/58
11A5/71
2A4/58
101.14
99.24
101.04
100.20
106.26
3/9/72
11/15/72
6A1/58
11/5/71
4/21/58
86.16
87.12
61.08
87.16
59.20
73.30
73.24
90.20
96.00
73.16
+1.12
+1.22
+1.26
+ .28
+1.24
+1.16
+2.00
+2.10
+1.24
+1.20
6.81
-.1 7
-.2 3
-.2 6
-.1 9
-.1 8
104.10
100.11
99.22
104.14
100.26
+1.24
+2.02
+1.26
+ .24
5.13
7.84
12/26/62
1A6 63
1/4/73
9/28/73
8/28/63
6A8/55
9/28/73
5A2/61
6A0/74
63.00
62.18
82.18
89.16
61.26
73.14
91.02
73.14
103.28
8A5/62
1A7/63
lA o/7 3
8A 5/73
4A8/63
2A5/55
5A5/73
10/3/60
5A5/74
6.48
7.72
7.91
6.56
5.51
8.10
1/ Beginning April 1953, prices are closing bid quotations in the over~ the-counter market. Prices for prior dates are the mean of closing
bid and ask quotations. "When issued” prices are included in the
history beginning October 1941. Dates of highs and lows in case of
recurrences are the latest dates.
-.1 7
-.2 1
-.1 7
-.0 8
101.12
99.22
95.14
104.16
59.20
84.04
59.20
97.02
5/26/70
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
2/ 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.
2 / Included in the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds.”
YIELDS OF TREASURY SECURITIES, NOVEMBER 29, 1974
Based on closing bid q u o ta tio n s
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
£
>
to
*
H
"3
<©
G
O
-3
>
*3
HH
o
a
c»
»
H
>
c
co
H
O
H
GO
2
O
<
«
2
w
m
»
to
CO
a
CO
Si
S.
December 1974
__________________________________ AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
Treasury
bonds 1/
Period
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2/
bonds 2 /
S. I. A. J
new Aa
1 Treasury
municipal | bonds 1/
bonds 2 / 1
Monthly series - averages of daily or weekly
Treasury
bonds 1/
Aa new
corporate
bonds 2/
1963
Feb..........
May..........
Oct..........
Nov..........
Feb..........
Mar..........
4.22
2.98
3.92
3.93
3.97 4 /
3.97
4.25
4.28
4.35
4.36
4.32
3.00
4.01
3.99
4.04
4.07
4.11
4.14
4.15
4.14
4.18
4.20
June..........
Oct..........
Nov..........
July..........
Aug..........
Period
1966
3 .B9 4 /
4.00
4.16
4.13
4.13
4.14
4.16
4.16
4.12 5/
4.14
4.14
4.16
4.15
4.15
4.14 5/
4.14
4.15
4.19
4.25
4.28
4.34
4.43
Treasury
bonds 1/
4.34
4.34
4.40
4.37
4.42
4.49
1964
4.50
4.39
4.45
4.48
4.48
4.50
4.44
4.44
4.49
4.49
4.48
4.49
1965
4.45
4.45
4.49
4.48
4.52
4.57
4.57
4.66
4.71
4.70
4.75
4.92
Aa new
corporate
bonds 2/
S. I. A.
Aa new
new Aa
corporate municipal
bonds 2/
bonds 2 /
series
3.10
3.20
3.15
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
3.08
3.05
3.15
3.18
3.15
4.40
4.47
4.45
4.51
4.76
2.95
3.00
3.00
3.10
3.08
3.00
3.10
3.20
4.86
3.10
4.86
3.10
3.15
3.15
3.12
4.95
4.99
5.19
5.44
5.36
3.10
3.00
3.08
3.10
3.05
3.10
3.20
3.20
3.15
3.30
3.30
3.35
3.45
S. I. A.
new Aa
municipal
bonds 2 /
5.18
5.16
5.39
5.28
5.40
5.23 J/
5.09
5.04
5.09
5.24
5.36
5.66
Period
4.93
5.09
5.33
5.38
5.55
5.67
5.81
6.04
6.14
6.04
6.11
5.98
1967
5.53
5.35
5.55
5.59
5.90
6.06
6.06
6.30
6.33
6.53
6.87
6.93
1968
6.57
6.57
6.80
6.79
7.00
7.02
6.91
6.54
6.69
6.88
7.00
7.28
Treasury
bonds 1/
3.65
3.63
3.65
3.45
3.60
3.70
3.80
4.10
3.93
3.85
3.90
3.80
1969
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
8.36
6.27
6.52
6.81
9.22
6.86
9.00
8.46
8.94
4.75
4.80
5.10
5.13
5.20
5.60
5.60
5.90
6.05
5.90
6.05
6.65
Treasury
bonds 1/
5.62
5.67
5.66
5.74
5.64
5.59
5.59 4 /
5.59
5.70
5.69
5.51
5.63
1970
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
4.10
4.25
4.35
4.23
4.37
4.47
4.45
4.20
4.30
4.30
4.50
4.63
Aa new
corporate
bonds 2/
6.44 1 /
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 4/
5.48
5.62
5.96 4 /
6.14
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
9.09
9.08
6.22
6.00
9.00
6.15
6.25
6.05
6.53
6.85 4 /
6.41
6.25
8.84
9.00
9.14
8.97
8.13
1971
7.63
7.54
7.62
7.76
8.25
8.15
8.24
8.14
7.90
7.72
7.67
7.54
S. I. A.
new Aa
municipal
bonds 2 /
6.20
6.11
6.25
6.32
6.30
Aa new
corporate
bonds 2/
1972
7.36
7.57
7.53
7.77
7.61
7.63
7.72
7.59
7.72
7.66
7.46
7.50
1973
7.61
7.67
7.75
7.70
7.69
7.73
7.97
8.45
8.10
7.97
7.95
8.09
1974
5.20
6.35
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
6.56
6.54
6.81
7.04
7.09 4 /
7.02
8.60
9.04
9.39
9.59
7.18
7.33 1 /
7.30
7.22
6.93
10.18
10.30
10.44
10.29
9.22
5.20
4.87
4.92
5.02
Period
Treasury
bonds 1/
8.32
8.21
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
4.99
5.06
5.29
5.30
5.22
5.26
5.28
5.19
5.26
5.09
4.94
4.97
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
5.19
5.25
5.42
5.61
5.89
5.92
6.75
6.55
6.64
6.33
6.33
S. I. A.
new Aa
municipal
bonds 2J
Weekly series - average for weeks ending 1974
June 7....
14....
21....
28....
7.03
6.99
7.00
7.07
9.53
9.57
9.55
9.72
July 5....
12 ...
19...
26...
7.12
7.22
7.24
7.11
9.88
n.a.
10.13
10.17
10.25
6.88
5.88
1974
Aug. 2 ....
5.81
6.01
6.10
n.a.
n.a.
16
20 ...
27...
7.23
7.31
7.36
7.31
7.36
7.34
7.30
7.32
7.27
1/ Treasury bond yields are based on a composite of closing bid quotations in the over-the-counter market. Series includes bonds on which
the interest income is subject to normal tax and surtax which are
neither due nor callable before 10 years. For bonds SUrJ^ntly in
series, see Table MQ-3.
2/ Treasury series based on reoffering yields of new corporate bonds with
5 years call protection and rated Aa by Moody's Investors Service.
Prior to June 1973, this series reflected bonds without call protection.
10.46
10.33
10.17
10.30
10.40
10.48
10.43
10.35
10.50
6.50
6.45
6.53
6.33
6.85
n.a.
6.57
6.50
6.83
1974
Oct.. 4...
11 ,,
18
8
15...
22...
7.31
7.26
7.22
7.19
11.00
7.12
7.04
6.92
6.87
6.87
9.61
9.33
9.17
9.11
9.27
10.65
10.25
9.96
6.70
6.60
6.18
6.07
6.41
6.50
6.18
6.38
6.22
The value of 5 years call protection in that period ranged from 10 to
25 basis points.
2 / Index of new issue reoffering yields on Aa 20 year general obligations
compiled by Securities Industry Association. Weekly series are not
available prior to January 1970.
4 / One or more new long-term bonds added to the average.
5/ An existing bond dropped from the average.
n.a. Not available.
AVERAGE YIELDS OF LONG-TERM TREASURY, CORPORATE AND MUNICIPAL BONDS
4^
>
<
>
O
W
t-*
O
XJl
O
r
o
2
O
H
M
S3
2
Gd
O
a
CO
I
I58
(33
Si
*
Change in Aa computation method effective Ju n e 1973, See footnote 2 following table AY-1
75
December 1974
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3 presents an area breakdown of United States
liquid and nonliquid liabilities to official institutions of
foreign countries.
The tables in this section are designed to provide data
on United States reserve assets and liabilities and other
statistics related to the United States balance of payments
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.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries*
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Manetary Fund.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-6 presents United States net monetary gold
transactions with foreign countries and international and
regional organizations.
Table IFS-2 brings together statistics on liquid and
nonliquid liabilities to foreign official institutions, and
liquid liabilities to all other foreigners, which are used
in the United States balance-of-payments statistics.
Table IFS-7 presents a measure of weighted-average
changes in exchange rates between the United States dollar
and the currencies of certain other countries.
Table IFS-1. - U.S. Reserve Assets
(In millions of dollars)
Gold stock 1/
End of
calendar year
or month
1957.........................
1958.........................
1960.........................
1961.........................
1962.........................
1963.........................
1965.........................
1966.........................
1967.........................
1968.........................
1969.........................
1970.........................
1973-Nov.....................
Dec.....................
1974-Jan.....................
Feb.....................
Mar.....................
Apr......................
May.....................
June.....................
JtOy...............
Total
reserve
assets
Total 2/
Treasury
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 7/
14,487
12,167 8/
13,151 2/
14,378 10/
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 6/
13,235
12,065
10,892
11,859
11,072
10,206
10,487 2/
11,652 i2/
22,781
20,534
19,456
17,767
16,889
15,978
15,513
15,388
13,733
13,159
11,982
10,367
10,367
10,732
10,132
10,410
11,567
14,373
14,378
14,565
14,643
14,588
14,652
14,370
14,946
14,912 11/
15,460 11/
15,893 U /
15,890 11/
15,840 n /
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,652
11,567
11,567
11,567
11,567
11,567
11,567
11,567
11.567
11,567
11,567
11,567
11,567
11,567
|
l/ Includes gold sold to the United States by the International Monetary
Fund with the right of repurchase, and gold deposited by the Interna
tional Monetary Fund to mitigate the impact on the U.S. gold stock of
foreign purchases for the purpose of making gold subscriptions to the
Fund under quota increases. For corresponding liabilities see Table
IFS-2.
2/ Includes gold in Exchange Stabilization Fund, which is not included in
Treasury gold figures shewn in daily Treasury statement. See "Account
of the U.S. Treasury'," Table UST-*4.
2 / 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.
4 / Includes holdings of Treasury and Federal Reserve System.
5/ The United States has the right to purchase foreign currencies equiva
lent to its reserve positior in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts equal to the United States quota. See Table IFS-5.
6/ Reserve position includes, and gold stock excludes, $259 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 1965 through January 1966, this gold subscription was
included in the U.S. gold stock and excluded from the reserve position.
7/ 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 the time of revaluation. See also footnotes 3 and 4,
6/
Q/
2/
10/
Special
drawing
rights 2 /
Convertible
foreign
currencies 4/
_
_
_
_
_
_
_
_
_
_
_
_
851
1,100
1,958 2/
2,166 10/
_
_
116
99
212
432
781
1,321
2,345
3,528
2,781 7/
629
276 8/
241
8
2,166
2,166
2,166
2,166
2,166
2,157
2,163
2,195
2,227 13/
2,200 11/
2,282 "HJ
2,306 11/
2,329 u /
_
8
8
59
68
9
9
66
9L
.12
224
246
193
43
Reserve
position in
International
Monetary Fund 5/
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 6 /
326
420
1,290
2,324
1,935
585
465 2/
552 10/
547
552
688
757
761
824
989
1,005
1,021 13/
1,384 11/
1,713 11/
1,739 11/
1,816 11/
Table IFS-4.
8/ Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
2/ 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.
10/ Total reserve assets include increase of $1,436 million resulting from
change in par value of the dollar 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.
j
u / Beginning July 1974, the IMF adopted a technique for valuing the SDR
based on a weighted average of exchange rates for the currencies of
16 member countries. The United States SDR hgldings and reserve
position in the IMF are also valued on this basis beginning July
1974. At valuation used prior to July 1974 (SDR 1=$1.20635), the
following end-of-month values amounted to (in millions of dollars):
SDR holdings
U.S. reserve position
U.S. total
(net)_____
in the IMF________
reserves
July
2,233
1,024
14,921
Aug.
2,240
1,407
15,523
Sept.
2,318
1,733
15,949
Oct.
2,326
1,748
15,919
Nov.
2,326
1,807
15,828
76
Treasury Bulletin
IN T E R N A TIO N A L FIN AN CIAL S T A T IS T IC S ______________
T able IFS-2. - U.S. L iquid and Other L iabilities to Foreign O fficia l In stitu tion s,
and Liquid L iabilities to A ll Other Foreigners.
(In millions of dollars)
Liabilities to foreign countries3
End of
calendar
year
or month
1957............
1958............
1959............
Liquid
liabil
ities
to IMF.
arising
from
gold
trans
actions 1/
Total
15,825 2/
16,845 2/
19,428
I>20,994
21,027
f22,853
122,936
124,268
124,268
1rtZ0 1a /
1965............
1rs£.rt 1A /
-1rt/ 1rt/
1Q/Q
~\r\
/
i n n n ia /
1nm m / "l O/
1972............
1973............
1973-0ct.........
Nov.........
Dec.........
1974-Jan....................
Feb....................
Mar...................
June........
July........
Aug.........
Oct.p.......
Note
1/
[26,433
i26,394
1^9,313
i29,364
29,569
f31,145
i31,020
135,819
135,667
[38,687
138,473
[45,755 H /
45,914
'4
‘7,009
46,960
67,681
67,808
82,86lr
92,391r U
93,03k r
92,413r
92,391r
89,900r
91,857r
95,572r
97,368r
100,929r
103,731r
106,757r
109,751
110,146
111,729
Official institutions Z /
Liquid
-
Non
Market market Other
Short
readily
Total
able
able
term
convert market
liabil U.S.
Treasury ible U.S. able
ities
Treasury liabil
reported bonds
ities i j
bonds
by banks and
in U.S. notes 2 / and
notes
_
n.a.
n.a.
7,917
n.a.
n.a.
8,665
966
10,120
9,154
_
866
11,078
10,212
10,212
876
11,088
_
_
11,830
10,940
890
890
11,830
10,940
_
_
11,997
12,948
751
751
12,914
11,963
12,467
1,217
9
14,459
703
12,467
9
14,425
703
1,183
158
15,790
1,125
1,079
13,224
13,220
158
15,786
1,125
1,079
1,201
120
13,066
15,826
1,105
860
256
12,484
14,841
913
860
256
14,896
12,539
913
18,201
908
711
1,807
14,034
908
1,807
14,027
711
18,194
701
11,318
17,407
529
2,341
701
17,340
11,318
462
2,341
346
55511/ 1,505
15,975 11/ 11,054
15,998
11,077
346
555
1,505
306
23,786
695
429
19,333
295
695
23,775
429
19,333
6,060
1,955
51,209
39,679
144
39,018
1,955
50,651
144
6,093
40,000
61,526
12,108
5,236
543
•
-
66,810 12/
69,702
67,400
66,810
63,871
64,100r
65,527
67,154r
68,160r
69,994r
71,091
70,970
72,581
73,643
200
200
500
800
800
800
800
800
800
800
800
800
800
834
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
566
544
544
/f
43,919
45,212
43,791
43,919
41,556
41,992r
43,412
45,175r
46,177r
47,430r
48,447
48,400
50,107
50,813
5,701
6,929
6,207
5,701
5,-229
5,192
5,192
5,020
5,013
5,013
5,013
4,940
4,880
4,880
Table is based on Treasury Department data and on data reported to
the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of nonmarketable, nonconvertible U.S. Treasury notes issued to foreign of
ficial nonreserve agencies and the inclusion of investments by foreign
official reserve agencies in debt securities of U.S. Federally-spon
sored 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 organizations.
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. Govern
ment 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; break
down of transactions by 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 marketable U.S. Government bonds and notes held by foreign
banks.
12,319 12/ 1,661
12,319
2,009
12,319
1,849
►
1,661
12,319
12,321
1,555
12,322
1,384
12,329
1,384
12,330
1,419
12,330
1,430
12,330
1,566
12,330
1,646
12,330
1,645
12,330
1,609
12,330
1,753
8/
9/
10/
11/
12/
13/
Liquid
liabil
ities
to non
monetary
Market interna
tional
able
and re
U.S.
gional
Gov't,
bonds
organi
and notes zations
y u
V
Liquid liabilities
to other foreigners
Non
market
able
non
convert
ible U.S.
Treasury
bonds and
notes 5/
Short
Liquid
term
liabil
liabil
ities
ities
to
Total reported
banks £/
by banks
in U.S.
3,472
3,520
4,678
4,818
4,818
5,404
5,484
5,346
5,346
5,8i7
63
5,817
63
7,271
204
204
7,303
7,419
334
328
10,116
328
9,936
11,209
741
11,085
741
2,518
14,472
2,518
14,472
2,515 11/ 23,638
2,515
23,645
17,137
3,023
17,169
3,023
10,262
3,371
10,949
3,441
3,639
14,666r
-
_
200
200
3,210 12/ 17,64*?'.
‘3,233
15,958
17,282r
3,234
3,210
17,647
3,210
18,040
3,210
19,715r
3,210
22,056r
3,210
22,103r
3,210
24,316r
3,655
24,854r
3,655
26,517*
3,655
29,224
3,655
27,583
3,867
27,901
n.a.
2,252
n.a. • 2,430
2,940
2,399
2,230
2,773
2,780
2,230
2,871
2,355
2,357
2,873
2,565
3,013
2,565
3,013
3,397
3,046 *
3,387
3,046
3,730
3,354
3,377
3,753
3,587
4,059
4,271
3,743
4,272
3,744
•4,127
4,685
4,678
4,120
5,053
4,909
4,464
4,589
4,676
4,604
4,138
4,141
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
5,043i'
4,6ifir
5,9?lr
5,554r
5,721r
5,931r
6,067r
6,249r
6,571r
6,816r
6,906r
7,173r
7,338 |
7,523 I
I
8,051 |
8,125 ]1
5,501r
5,180r
5,311r
5,501r
5,618r
5,839r
6,171r
6,399r
6,540r
6,810r
6,961r
7,157
7,658
7,694
n.a.
n.a.
541
543
550
516
516
488
448
351
341
376
376
472
528
528
558
558
609
465
525
525
647
565
447
447
425
430
374
410
430
449
410
400
1UlTr
366r
363r
377r
366
393
431
764
1,047
lr,190
1,525
1,541
1,948
1,949
2,161
2,195
1,960
1,965
1,722
1,722
1,431
906
905
691
677
725
722
659
663
844
846
1,528
1,523
l,626r
2,003
l,82Qr
2,010
2,003
l,922r
1,793
1,418
l,295r
1,547
1,710
l,8llr
2,034
1,931
2,060
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 m
reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second’
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value 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 account^ previously classified as "official institutions" are
included with mbanks.";*a number of reporting banks are included in the
series for the first time* and foreign currency liabilities to of
ficial institutions of foreign countries are increased in value by
$110 million to reflect market exchange rates as of December 31, 1971,
as follows: U.S. Treasury certificates, $7 million; nonmarketable
convertible U.S. Treasury bonds and notes, $33 million; and nonmarketable nonconvertible U.S. Treasury bonds and notes, $70 million.
Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; nonmarketable convertible US Treasury notes, $128 million;
and nonmarketable nonconvertible US Treasury notes, $19 million.
n.a. Not available,
p
Preliminary.*
r
Revised.
December 1974
77
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3. - U.S. Liquid and Other Liabilities to O fficial Institutions
of Foreign Countries, by Area
(Jn millions of dollars;
End of
calendar year
or month
Total
foreign
countries
Western
Europe
Canada
2/
Latin
American
Republics
Asia
Africa
Other
countries
2/
1963....
14,425
8,508
1,789
1,058
2,740
154
176
196 4
196 5
1966 1/.
15,786.
15,826
9,325
8,826
7.772
7.772
1,812
1,702
1,283
1,550
160
1.333
1.333
1,310
1,310
10,321
1,310
8,070
8,062
1,867
1,582
1.865
1.865
3,028
3,309
3,900
3,955
4,428
178
245
248
248
303
303
7.074 t j
7.074 5/
1.624
1.624
1,888
2.951
2.951
3.980
3.980
4,279
1,681
196 7
1968 2/.
1969 i/....
1970 2 / __
1971 i/ i/.
14,841
^ 14,896
‘18,194
17,407
17,340
15,975 l j
15,998
23,786
y 23,775
51,209
w 50,651
13,620
13,615
30,010
1,866
1,911
5,043
4,997
4.552
4.552
14,519
13*823
17,577
414
413
871
870
2,963
788
3,024
735
785
3,063
3,086
4,713
4,708
1,414
1,429
1,733
1972.
61, *26
1973.
66,810 £/
45,717 6/
3,*53
2,544
10,884
47,514
3,851
3*820
3,853
1,938
2,233
2,544
2,446
2,744r
2,887
3,532
3,384
4,006r
3,951
4,127
4,421r
3,986
12,601
11^474
10,884
10,479
10,878
U,631
12,360
69,702
67,400
66*810
63,871
64,100r
65,527
67,154r
68,160r
69,994r
71,091
70,970r
72,581r
73,643
46,002
45,717
43,270
42,391
42,772
42,638r
42,961r
43,200
43,002
42,292r
42,675
43,025
3,945
4,262
4,195
4,309
4,302
4,201
4,125
3,953
3,819
3,809
Note: Data represent short-term and long-term liabilities to the offi
cial institutions of foreign countries, as reported by banks in the
United States; foreign official holdings of marketable and nonmarketable U.S. Government securities with an original maturity of more
than one year except for nonmarketable notes issued to foreign official nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Federally-sponsored agencies and
U.S. corporations. The table does not include certain nonliquid
liabilities to foreign official institutions which enter into the cal
culation of the official reserve transactions balance by the Depart
ment of Commerce.
Includes Bank for International Settlements and European.Fund.
2/ Includes countries in Oceania and Eastern Europe, and Western European
dependencies in Latin America.
2/ Data on the two lines shown for this date differ because of changes in
reporting coverage. Figures on the first line are comparable in
302
291
291
407
407
415
415
777
1,681
30,134
•34,197
1973-Oct...
Nov...
Dec.,.
1974-Jan.
Feb.. .,
Mar....
Apr. ...
May....
June...
July...
Aug... .
Sept.p.
Oct. .p..
194
278
278
250
259
248
546
546
12,988
13,992
15,209
15,526
16,l62r
17,187
788
838
1,000
1,249
1,402
1,620
1,854
2,055
2,272
2,850
2,947
3,02k
2,893
2,825
2,793
2,913r
2,905r
2,741
2,749
2,800
2,654r
2,689
.coverage to'those shownTor the preceding d&l&j KpfmJ Uil lim WMUml "
line are comparable to those shewn for the following date.
k / Includes $101 million increase in dollar value of foreign currency
liabilities due to revaluation of the German mark in October 1969.
j>/ Data on the second line differ from those on the first line because
certain accounts previously classified as ’’official institutions” are
included with ’’banks”; a number of reporting banks are included in the
series for the first time; and U.S. Treasury liabilities payable in
foreign currencies to official institutions of foreign countries are
increased in value by $110 million to reflect market exchange rates
as of December 31, 1971.
6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p Preliminary.
r Revised.
Treasury Bulletin
78
_ _ _ _ _ INTERNATIONAL. FINANCIAL STATISTICS ■
Table IFS-4. - Nonmarketable U.S. Treasury Bonds and Notes
Issued to Official Institutions of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable in dollars
End of
calendar
year
or month
19*3...,.................
1965.....................
1966.....................
1967.................*.....
1968.....................
Total
Total
163
354
484
353
516
1,692
1,431
2,480
7,829
14,333
251
893
1,440
1,692
695
1,563
3,330
1973-Nov..................
Dec.... .............
1974-Jan..................
Feb..................
Mar............ .....
Apr...................
May.................
Junfe:................
14,210
14,233
14,210
14,210
14,210
—
_
-
14,210
-
14,210
-
14,210
-
14,655
14,655
14,655
14,655
14,867r
14,867
*
_
Sept.................
Oct..................
3,563
9,657 V
15,872
15,669 6/
15,692
15,669
15,671
15,672
15,680
15,682
15,682
16,127
16,127
16,127
16,127
16,339r
16,339
-
_
_
32
32
32
32
20
-
3,181 y
1970.....................
1971.....................
1972.....................
Belgium
Canada
i/
Denmark
*
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
2,540
Germany
-
-
20
-
5,000
11,315
11,670
.
_
11,670
11,670
11,670
11,670
11,670
11,670
11,670
12,115
12,115
12,115
12,115
12,327r
12,327
-
_
-
_
Italy
2/
Korea
Sweden
-
_
25
25
25
25
25
25
-
-
13
160
184
177
146
135
25
22
22
-
15
15
15
15
15
.
_
_
_
-
22
_
_
_
_
-
_
_
Taiwan
Thailand
-
•
20
20
20
20
20
-
100
100
100
100
100
—
_
_
_
_
_
_
_
_
~
_
-*
_
_
_
-
_
_
_
-
'
,J
Payable in foreign currencies
End of
calendar
year
or month
Total
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
251
730
1,086
1,208
342
1,047
1,638
1,750 y
1,083
1,827 5/
1,539
1,459 6/
1973-Nov..................
Dec..................
1974-Jan..................
Feb..................
Mar..................
1,459
1,459
1,461
1,462
1,470
1,472
1.472
1.472
1,472
1,472
May..................
June.................
Sept..................
Oct..................
1,472
1,472
1,472
Austria
Belgium
Germany
y
50
50
101
25
50
50
_
-
30
30
30
30
60
_
275
•679
602
50
601
1,051
-
1,084
_
-
_
"
*
' -
-
-
Note: For further information, see ’’Public Debt Operations,11 Tables
PDO-8 and 9.
1/ Includes bonds issued to'the Government of Canada in connection with
transactions under the Columbia River treaty. Amounts outstanding
were $204 million, September 1964 through October 1965; $175 million,
November 1965 through October 1966; $144 million, November 1966
through October 1967; $114 million, November 1967 through October
1968; $84 million, November 1968 through September 1969; $54 million,
October 1969 through September 1970; and $24 million, October 1970
through October 1971.
£/ Notes issued to the Government of Italy in connection with military
purchases in the United States.
2/ In addition, nonmarketable Treasury notes amounting to $125 million
-
-
542
612
306
_
••
y
Italy
Switzerland
200
200
125
125
125
226
125
-
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
_
_
_
_
-
1,459
1,459
1,461
1,462
1,470
1,472
1.472
1.472
1,472
1,472
1,472
1,472
1,472
-
-
-
.
Bank for
International
Settlements
70
93
-
_
_
_
_
_
-
_
equivalent were held by a group of German commercial banks from June
1968 through November 1972. The dollar value of these notes was
increased by $10 million in October 1969, and by $18 million as of
December 31, 1971. See also footnotes 7 and 8, Table IES-1.
l j Includes an increase in dollar value of $84 million resulting from
revaluation of the Geman mark in October 1969. See also footnote 7,
Table IES-1.
5/ Includes $106 million increase in dollar value of foreign currency
obligations revalued to reflect market exchange rates as of December
31, 1971. See also footnote 8, Table IES-1.
6/ Includes $15 million increase in March and '$1^7 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates,
r Revised.
79
December 1974
IN TERN ATIO N AL FINANCIAL S T A T IS T IC S
Table IFS-5. - U.S. P osition in the In tern ation a l M onetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
Transactions by
other countries
with IMF
U.S. transactions with IMF
Calendar year
or month
m b -w —
195 8
195 9
196 0
1961....
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
1973-Nov..
Dec..
1974-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug. .
Sept.,
Oct...
Nov...
Payments
of
subcriptions in
dollars
"
W
Net
gold
sales
by IMF
2/
Trans
actions
in
foreign
curren
cies 2/
600
1,031
150
525
435
680
776
-84
1,155
541 2/
754 7/
22
712 6/
150
1,362
200
-133
IMF holdings
of dollars at
end of period
IMF net
income
in
dollars
-45
-2
2
11
16
17
16
18
12
15
20
20
19
25
-28
-47
-33
Purchases
of
dollars 2 /
Repur-
-2,670
-252
-139
-149
-822
-110
-194
-282
-282
-159
-114
-806
-1,343
-854
-24
827
271
442
580
521
719
207
5
-5
-5
-4
-4
-4
-2
-5
-5
-61
-160
-12
-4
-5
-6
-5
-9
-14
-378
-320
-9
-50
Note:
The initial U.S. quota in the International Monetary Fund was
$2,750 million. The U.S. quota was increased to $4,125 million in
1959, $5,160 million in February 1966, and $6,700 million in December
1970, and revalued to $7,274 million in May 1972 and $8,083 million in
October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 25 percent in gold and 75 percent in dollars.
1/ Represents net Fund sales of gold to acquire U.S. dollars for use in
Fund operations. Does not include transactions in gold relating to
gold deposits or gold investment (see Table IFS-2).
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures rep
resent reparchases of dollars, including dollars derived from charges
on purchases and from other net dollar income of the Fund. The United
States has a commitment to repurchase within 3-5 years, but only to
the extent that the Fund's holdings of dollars exceed 75 percent of
the U.S. quota. Purchases of dollars by other countries reduce the
U.S. commitment to repurchase by an equivalent amount.
2/ Beginning January 1970, includes dollar® obtained by countries other
than the United States from sales of gold to the Fund.
-65
Total
change
Amount
Percent
of
U.S.
quota
775
17
1,336
442
-135
626
29
266
165
1,313
-94
-870
-1,034
1,929
1,350
694
721
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
6,810
7,531
28
29
52
62
59
74
75
81
$5
94
92
75
55
71
91
94
93
1,958
1,997
1,555
1,690
1,064
1,035
769
863 5/
326
420
1,290
2,324
1,935
585
465
552
7,536
7,531
7,394
7,325
7,321
7,258
7,094
7,077
7,059 8/
6,675 8/
6,349 1/
93
93
91
91
91
90
88
88
87
83
79
78
78
547
552
688
757
761
824
989
1,005
1,021
1,384
1,713
1,739
1,816
in
dollars
-
1
_
268
741
40
U.S.
reserve
position
in IMF
at end of
period
-5
-5
-137
-69
-4
-63
-165
-17
-18
-383
-326
-14
-59
6,335 u
6,276 8/1
y
1,975
4/ Represents the United States gold tranche position in the Fund (the
United States quota minus the Fund1s 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.
5/ Includes $259 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 1965 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.
7/ Represents amount payable in dollars to the Fund to maintain the value
of Fund holdings of U.S. dollars.
8/ Excludes currency valuation adjustments payable to the United States of
$20 million for July and $102 million for August; and currency valuati.
adjustments payable to the Fund of $14 million for September, $42
million for October, said $62 million for November.
* Less than $500,000.
Treasury Bulletin
80
_________________ IN TERNATION AL FINANCIAL
statistips
Table IFS-6. - U.S. Net M onetary Gold T ransactions with Foreign Countries
and International and Regional Organizations
(In millions of dollars) l/
Calendar year
1973
j
Area and country
1969
1970 7j
1971
1972
4
25
325
500
-1
-76
-25
-18
200
36
-2
-129
-10
-50
51
-50
1
-15
-110
-
-
-
-473
-25
-175
12
-25
-
-
-
-
-
Total Western Europe..................
969
-204
-796
Canada...............................
_
-
-25
*
-12
-18
1973
July Sept.
1974
Oct. Dec.
Jan.
Mar.
Apr. June
July Sept .
Western, Eqrgpe:
Denmark.............................
Germany........... .................
Greece..............................
Italy..............................
Netherlands..........................
Switzerland..........................
Turkey..............................
Bank for International Settlements.......
-
-
_
-
_
-
_
_
_
_
_
_
_
_
_
_
_
-28
-23
-1
-25
-13
_
-42
-4
-1
_
-
_
_
-
-
-
-
_
-
_
-
_
_
-
_
_
_
_
_
-
-54
-131
-5
-
-
-
_
-
-
_
_
_
_
-
_
_
_
_
_
_
_
_
-
-
-
_
_
-
_
_
_
_
-
_
_
_
_
_
-
-
_
-
-
-
Latin.American Republics:
-
Colombia............................
Maxico..............................
Peru...............................
Other..............................
Asia:
Japan..............................
Other..............................
-119
-95
-
-
-3
-
-
-38
-
-
42
-
-
-
-
Total Asia..........................
42
-213
-38
-3
-
-
-
-
-
-
-9
-70
-4
Africa:
Total Africa.........................
1
1
0ther_.C2 ua-t.Eieg:
Total other countries.................
9
-11
-2
Total foreign countries.................
957
-631
-845
-3
-
-
_
.
10
-156
-22
-544
-
-
_
_
_
_
-867
-547
-
-
-
-
-
International and regional organizations
j/. ..
Grand total...........................
967
-787^/
1/ At $35 per fine troy ounce through May 8, 1972; at $38 from May 9, 1972
through October 18, 1973; and at $42.2222 thereafter. Negative figures
represent net sales by the United States; positive figures, net
acquisitions.
2/ includes in 1970 total (Oct.-Dec.1970) the U.S. payment of $385 million
increase in its gold subscription to the IMF and gold sold by the IMF
to the United States in mitigation of U.S. sales to other countries
making gold payments to the IMF. The country data include, for the
-
_
-
- same period, gold sales by the United States to various countries in
connection with IMF quota payments. Such sales to countries and resales
by the IMF totaled $548 million each.
2 / Includes International Monetary Fund gold sales to and.purchases
from the United States, gold deposits by the IMF (see Table IFS-2,
footnote 1) and withdrawal of deposits. The first withdrawal,
amounting to $17 million, was in June 1968.
* Less than $500,000.
81
December 1974
.INTERNATIONAL FINANCIAL STA TIST IC S.
Table IFS-7. - Weighted-Average o f Exchange Rate Changes for the Dollar
(Percent change relative to exchange rates as of end-May 1970)
Trade-Weighted Average Appreciation (+)
or Depreciation (-) of the U. S. Dollar 1 /
Vis-a-Vis
End of calendar
year or month
197
Currencies of
OECD Countries 2/
Currencies of 47 Main
Trading Countries 2 /
- 1 .9
-1.0
0
197 1
-8.2
1 97 2
-9 .4
19 7 3
-1 4 .7
1 9 7 3 -N o v ..
-1 5 .5
-1 4 .7
Dec..
1 9 7 4 - Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
Nov..
- 9 .3
-10.0
- 9 .3
- 7 .5
- 9 .6
- 1 5 .0
-1 7 .3
-1 8 .1
-1 7 .4
-1 6 .5
-11.2
-11.8
-1 1 .3
-10.6
- 1 5 .2
-1 3 .5
-9 .6
-8 .4
- 8 .4
-13.8
-8.8
-8.8
-1 4 .3
-14.8
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
Em = I(A$/fci *
Where:
-4 .5
-12.0
This table presents calculations of weighted average
percentage changes in the rates of exchange between the dollar and
certain foreign currencies, in order to provide a measure of change^
in the dollar's general foreign exchange value broader than a measure
provided by any single exchange rate change. Calculations are pro- *
vided for two sets of countries that account for a major share of
U.S. foreign trade. U.S. bilateral trade patterns in 1972 are used as
a convenient, readily available proxy for the assignment of relative
weights to individual exchange rate changes, though such weights do
not provide a full measure of individual currencies’ relative impor
tance in U.S. international transactions because they take no account
of factors other than trade. The calculations do not purport to
represent a guide to measuring the impact of exchange rate changes on
U.S. international transactions.
The equations used are as follows:
(EQ1)
-4 .5
Hi/m
E- is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fci is the percent change in the dollar
cost of foreign currency i; and
Mj/ZM is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
(EQ2)
Ex - Z(Afci/$ * Xi/EX)
Where:
Ex is the weighted average of percentage
changes in the foreign currency cost of
dollars;
Afcj/$ is the percent change in the
foreign currency i cost of dollars; and
Xj/rx is U.S. exports to country i, as
a proportion of total U.S. exports to
all countries in the set.
Equation three combines the above export-weighted and inrport-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Ero * m/m+x) - 1] + [Ex * x/m+x]
Where:
m/m+x is U .S . imports as a proportion
of its total trade with all countries in
the set; and
x/m+x is U .S . exports as a proportion of
its total trade with all countries in the
set.
2/ Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland,
France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Nether
lands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland,
Turkey, United Kingdom.
y The currencies of 47 IMF member countries which account for approx
imately 9 0 # of U.S. total trade. As of October 1974 this entire
series has been modified to include Hong Kong, Indonesia, Argentina
and Brazil, which had not been included in the calculations prior
to February 1 9 7 4 , and to exclude Chile.
82
Treasury Bulletin
CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6560 of January 15, 193U, Execu
tive Order 10033 of February 8 , 19^9> and Treasury regulations
promulgated thereunder. Statistics on the principal types
of data and the principal countries are published monthly
in the "Treasury Bulletin.” Reports are filed with the Fed
eral Reserve Banks by banks, securities brokers and dealers,
and nonbanking concerns in the United States. These statis
tics 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 effec
tive with reports as of May 31, 19 6 3 . 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 nonbanking concerns.
Basic definitions
The term "foreigner" as used in the Treasury reports
covers all institutions and individuals domiciled outside
the United States, including United States citizens domi
ciled abroad, and the foreign branches, subsidiaries and
offices of United States banks and business concerns; the
central governments, central banks and other official in
stitutions of foreign countries, wherever located; and inter
national and regional organizations, wherever located. The
term "foreigner" also includes persons in the United States
to the extent that they are known by reporting institutions
to be acting on behalf of foreigners.
In general, data are reported opposite the foreign coun
try or geographical area in which the foreigner is domiciled,
as shown on the records of reporting institutions. For a
number of reasons, the geographical breakdown of the reported
data may not in all cases reflect the ultimate ownership of
the assets. Reporting institutions are not expected to go
beyond the addresses shown on their records, and so may not
be aware of the country of domicile of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars
with foreign banks are reported generally in the Treasury
statistics as liabilities to foreign banks, whereas the li
ability 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 offi
cial institutions are reported opposite the country to which
the official institution belongs. Data pertaining to inter
national and regional, organizations are reported opposite
the appropriate international, or regional classification
except for the Bank for International Settlements and the
European Fund, which are included in the classification "Other
Western Europe."
"Short-term” refers to obligations payable on demand
or having an original maturity of one year or less. "Long
term" refers to obligations having an original maturity of
more than one year, and includes securities having no con
tractual maturity.
Reporting coverage
Reports are required from banks, securities brokers and
dealers, and nonbanking concerns in the United States, in
cluding the branches, agencies, subsidiaries, and other af
filiates in the United States of foreign firms. Institutions
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, in
cluding 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 short
term dollar liabilities to foreigners in countries not shown
separately on the monthly report of liabilities. Banks,
securities brokers and dealers, and in some instances, non
banking concerns, report monthly their transactions in secur
ities with foreigners; the applicable exemption level is
$100,000.
Quarterly reports are filed by exporters, importers, in
dustrial and comnercial concerns, financial institutions
other than banks and brokers, and other nonbanking firms if
their liabilities or claims are $500,000 or more. Such firms
also report the liquid portion of their claims for each monthend when they have reportable claims of $ 1 million or more.
The foreign credit and debit balances of securities brokers
and dealers are reported quarterly; the exemption level ap
plicable to these reports is $10 0 ,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 dajba relevant to the same statis
tical 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 and long-term liabilities
to foreigners reported by banks in the United States. The
data exclude the holdings of dollars of the International
Monetary Fund derived from payments of the United States
subscription and from the exchange transactions and other
operations of the Fund. (Liabilities representing the "gold
investment” of the Fund, however, axe 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 for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
December 1974
83
.CAPITAL MOVEMENTS
to, and claims on, foreigners reported by exporters, impor
ters, industrial and commercial firms,financial institutions
other than banks and brokers, and other nonbanking concerns
in the United States. The data exclude the intercompany ac
counts of business enterprises in the United States with
their own branches and subsidiaries abroad or with their for
eign parent companies. (Such transactions are reported by
business firms to the Department of Commerce on its direct
investment forms.) The data also exclude claims held through
United States banks. Separate figures are shown in Section
IV for the short-term liquid claims of large nonbanking con
cerns in the United States.
Section V contains data on transactions in all types
of long-term domestic and foreign securities by foreigners
reported by banks and brokers in the United States (except
nonmarketable U.S. Treasury notes, foreign series, and non
marketable U.S. Treasury bonds and notes, foreign currency
series, which are shown in "International Financial Statis
tics” section, Table IFS-U). The data cover new issues of
securities, transactions in outstanding issues, and redemp
tions of securities. They include transactions executed in
the United States for the account of foreigners, and trans
actions executed abroad for the account of reporting insti
tutions and their domestic customers. The data include some
transactions which are classified as direct investments in
the balance of payments accounts. The data exclude securi
ties issued abroad by foreign subsidiaries of U.S. corpora
tions, some of which are treated *in the balance of payments
as issues of U.S. corporations.
The geographical breakdown of the data on securities
transactions shows the country of domicile of the foreign
buyers ~and *
■sellers of the"securities; in the case of out
standing issues, this may differ from the country of the
original issuer. The gross figures contain some offsetting
transactions between foreigners. The net figures for total
transactions represent transactions by foreigners with United
States residents; but the net figures for transactions of
individual countries and areas may include some transactions
between foreigners of different countries. Beginning with
data for 1969 , transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
Section VI comprises two tables on the money credit
and debit balances, as appearing on the books of reporting
brokers and dealers in the United States, in accounts of for
eigners with them, and in their accounts carried by foreigners.
The data published in these sections do not cover all
types of reported capital movements between the United States
and foreign countries. The principal exclusions are the
intercompany capital transactions of business enterprises
in the United States with their own branches and subsidiar
ies abroad or with their foreign parent companies, and capital,
transactions of the United States Government. Consolidated
data on all types of capital transactions are published by
the Department of Comaerce in its regular reports on the
Uhited States balance of payments.
1/ 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 from Federal Reserve Banks.
Treasury Bulletin
84
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
End of
calendar year
or month
Total
short
term
liabili
ties
Total
Foreign countries
Official institutions \J
Banks and other foreigners
Payable in dollars
Payable
Payable
in
Total
in
Total
Other
foreign
Banks
foreigners
dollars
currencies
Intenlational and regional
Payable
in
foreign
currencie*
Total
Non
IMF
monetary
gold
interna
invest tional and
ment 2j regional
y
1957.........
14,383
13,641
7,917
7,917
-
5,724
3,413
2,252
59
742
200
542
1958.........
15,367
14,615
8,665
8,665
-
5,950
3,460
2,430
59
752
200
552
1959.........
lr,,26l
16,231
9,154
9,154
-
7,076
4,601
2,398
77
1,031
500
531
I960.........
18,701
17,260
10,212
10,212
-
7,047
4,705
2,230
113
1,442
691 U
751
1961 5/.......
r20,015
1 20,098
18,699
18,781
10,940
10,940
10,893
10,893
46
46
7,759
7,841
5,299
5,380
2,356
2,357
104
104
1,317
1,317
613 U
613 U
704
704
1962 5/.......
C21,958
<21,958
19,907
19,874
11,997
11,963
11,949
11,915
48
48
7,911
7,911
5,251
5,251
2,564
2,564
95
95
2,050
2,084
800
800
1963.........
22,877
21,330
12,467
12,437
30
1964 5/.......
f25,467
{ 25,518
23,849
23,900
13,224
13,220
13,224
13,220
_
1965.........
25,551
24,072
13,066
13,066
1966 5/.......
f 27,724
1 27,599
26,343
26,219
12,484
12,539
1967 5/.......
f30,657
^30,505
29,370
29,232
1968.........
31,717
30,234
8,863
5,713
3,046
104
1,547
739 U
808
-
10,625
10,680
7,153
7,213
3,354
3,376
118
90
1,618
1,618
800
800
818
818
-
11,006
7,360
.3,587
59
1,479
800
679
11,968
12,022
517
517
13,859
13,680
10,023
9,864
3,743
3,743
93
72
1,381
1,381
800
800
581
581
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
800
800
487
473
11,318 .
10,855
463
18,916
14,298
4,444
173
1.483 .
800
683
23,412
23,419
3,939
4,064
226
226
1,409
1,413
800
800
609
613
16,917
16,949
4,029
4,038
220
220
1,221
1,221
400
821
821
3,692
3,694
4,6l8r
5,50pr
228
228
400
325
469
1,772
1,767
1,413
5.179r
5,310r
5,500r
5,618r
5,840r
6,171r
6,400r
6,540r
6,810r
6,961r
7,156
7,659
7,694
449
495
469
513
642
639
579
526
665
539
618
568
593
1969 5/.......
f 40,040
<40,199
38,631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
1970 5/.......
f 41,719
^41,761
40,499
40,541
19,333
19,333
19,184
19,185
148
148
21,166
21,207
f 55,404
53,632
53,661 i
59,284r
67,067r
39,521
39,679
39,018 6/ 38,854 £/
39,829
40,000
43,792
43,919
158
10,034
13,954
165 2/ 1 14,643 £/10,721 6/
171
19,2'84: 14,340
17,178
127 8/
23,147:
66,350r
66,384r
67,067r
65,214r
67,546r
71,639r
73,677r
77,033r
79,094?
8l,925r
84,781
85,349
86,408
45,212
43,791
43,919
41,556
41,992r
43,U 2
45,175r
46,177r
47,430r
48,447
48,400
50,107
50,813 '
127
127
127
127
127
127
127
127
127
127
127
127
127
1971 5/ 6/.....
1973.........
\ 55,428
60,697r
69,022r
1973-Oct......
Nov......
Dec.....
1974-Jan......
Feb......
Mar......
Apr......
May......
June.....
July.....
Aug......
Sept.p....
Oct..p....
68,117r
68,346r
69,022r
67,067r
69,239r
72,790r
74,787r
78,365r
80,687r
83,610r
86,642
87,188
88,345
1972 ........
1,250
1,284
45,085
43,664r
43,792
41,429
41,865r
43,285
45,047r
46,049r
47,303r
48,320
48,273
49,979
50,685
X/ Includes Bank for International Settlements and European Fund.
2/ Short-term U.S. Government obligations at cost value and funds await
ing investment obtained from proceeds of sales of gold by the Interna
tional 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,
j/ 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).
4/ In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 million at end 1960, $187
million at end 1961, and $6L million at end 1963.
5/ Data on the two lines shown for this date differ because of changes
21,138]
22,593^
23,1473
23,6583
25,55*3
28,2263
28,5033
30,8563
31,6643
33,4783
36,381
35,242
35,595
15,509
16,787r
17,178
17,527
19,072r
21,4l7r
21,5243?
23,790r
24,190r
25,978r
28,606
27,014
27,309
1,955
1,768
1,962
1,955
1,853
1,693
1,151
1,109
1,333
1,593
l,685r
1,861
1,840
1,937
400
400
-
.
-
_
_
_
_
_
-
_
_
_
-
1,372
1,367
1,413
1,955
1,768
1,96^
1,955
1,853
1,693
1,151
1,109
1,333
1,593
l,685r
1,861
1,840
1,937
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 those 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.
7/ Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
§/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
p Preliminary.
r Revised.
85
December 1974
CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability
Part A - Foreign Countries
____________________________(Iy millions of dollars)-------------------------------Official institutions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
Total
foreign
coun
tries
End of
calendar
year
or month
Deposits
Demand
8
195 9
196 0
1 96 1 2 / . . .
1962 2 / . . .
196
3
1 96 4 2 / . . .
196 5
1966 2 / . . .
196 7 2 / . . .
19 6
8
1969 2 / . . .
1970 2 / . . .
1971 2 / U
197 2
197
3,059
3,511
2,834
3,038
3.389
3.389
3,261
3,234
1,402
2,451
2,820
23,849 1.591
23,900 1.591
2,816
24,072 1,535
2,862
2,612
26,343 1.679
2,668
26,219 1.679
29,370 2.054
2,462
29.232 2.054
2,458
1,899
30,234 2,149
2,951
38.631 1,918
38,786 1,930
2,942
^40,499 1.652
2.554
40,541 1.652
2.554
53.632 1,620
2,504
53,661 1,327 V 2,039V
*59,284r 1.591
2,880
67,067r 2,125
3,911
1,811
2,036r
2,125
2,379
2,408r
2,631
2,920
2,352
2,643r
2,561
2,473
2,824
2,168
13,641
14,615
16.231
17,260
18,699
18,781
19,908
19,874
21,330
195 7
195
Time
2/
*
3
1973-Oct...
Nov...
Dec...
1974-Jan...
Feb...
Mar...
Apr...
May,
June..
July..
Aug.
Sept.p
Oct..p
66,350r
66,384r
67,067r
65,214r
67,546r
71,639r
73,677r
77,033r
79,094r
8l,925r
84,781
85,348
86,408
3,846
3,802
3,911
3,705
3,703
3,800
3,949
4,025r
4,277
4,463
4,447
4,311
4,471
U.S.
Treasury
.bills and
certifi
cates
4,246
4,392
5,738
6,193
6,41^
6,412
7.759
7.759
7,548
Other
short
term
liabili
ties g/
Payable
in
foreign
cur
rencies
Banks
Deposits
Time
2/
Demand
612
762
582
982
231
492
76
7.554
7.554
7,186
6.316
6.316
7.985
7.985
5,486
3.844
3.844
13.367
13.367
32.311
32.311
31,453
31,511
1,092
1,092
928
922
1,036
1.259
1.259
1,483
1,361
1,360
1,380
1,378
1,321
2,139
2,158
1,612
1,612
3,086
3,177
3,905
6.245
4,854
4,917
4.678
4.678
838
4,102
967
5,006
967
5,027
900
4.941
517
1,249
6,795
6,636
517
1,243
1,142
152
7,933
152
1,142
7,763
1,273
463
10,374
1,988
202
16,745
202
16,756
1,999
148
1,326
12,376
148
12,385
1,354
158
850
7,047
320 V
165 2 / 3,399V
405
4,658
171
127 6/ 6.941
515
32,613
31,529
31,511
29,152
29,917
31,064
32,312
33,731
33,745
33,749
32,687
32,955
33,634
6,814 .
6,298
6.245
6,192
5,836
5,790
5,867r
5,941r
6,638
7,547
8,665
9,890
10,412
127
127
127
127
127
127
127
127
127
127
127
127
127
46
46
48
48
30
Includes Bank for International Settlements and European Fund.
2/ Hme deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
2 / Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
4/ 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
U.S.
Treasury
bills and
certifi
cates
158
2,737
3,017
3,369
4,210
5,250
5,734
6,9a
6,329
6,853r
6,573r
6,603r
6,913
7,692
7,110r
6,897
7,098
6,361
Otter, foreigner!
479
495r
515
517
526
511
683
795
l,004r
1,I65r
1,426
1,576
1,796
43
43
83
83
68
142
142
113
137
137
129
129
30
20
20
14
14
8
8
5
11
7
8
11
14
32
54
63
82
95
204
200
258
268
Other
short
term
liabilities 2 j
518
312
740
419
402
420
490
490
Deposits
Demand
1,766
1,951
278
306
295
148
1,833
1,849
1.976
1.977
2.096
2.096
1,493
1,523
1,531
1,574
1.513
1.513
1.693
1.693
1,797
1,709
1,711
1,688
1,688
2,230 1,660
6,995 4/ 1,660
9,272
l,955r
2,143rj
9,710
704
1,039
1,077
1,406
1,842
1,848
1,927
1,973
2,621
4,658
4,644
3,202
3,197
9,774
10,550
9,710
10,668
ll,662r
14,279r
14,174r
16,000r
15,398r
17,499
20,083
18,082
18,884
Time
2/
Other
U.S.
Treasury short
bills an< term
certifi liabili
ties 2/
cates
l,980i
2,010i
2,143i
2,024r
2,139r
2,356r
2,398r
2,315r
2,415
2,436r
2,397
2,722
2,574
966
1,257
1,271
1,594
1.819
1.819
2,052
2,054
2,199
1,811
1,935
1,886
1,895
1,663
1,666
2,116r
2,353r
2,211r
2,3l8r
2,353r
2,498r
2,563r
2,613r
2,635r
2,756p
2,929r
2,967
3,150
3,258
3,422
149
149
116
116
119
72
72
87
83
83
81
81
107
107
131
131
96
96
65
68
76
67
68
91
93
98
92
124
107
175
145
185
193
209
174
270
233
230
230
352
352
469
502
503
332
329
329
302
292
362
312
312
325
325
274
271
481
936
912
915
936
1,005
1,045
1,104
1,274
l,346r
1,355
1,383
1,464
1,495
1,505
Payable
in
foreign
cur
rencies
59
59
77
113
104
104
95
95
104
118
90
59
93
72
77
77
173
226
226
220
220
228
228
325
469
449
495
469
513
642
639
579
526
665
539
618
568
593
deposits are included in "Other short-term liabilities": 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.
2 / Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
6/ Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary.
r Revised.
Treasury Bulletin
86
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-2. - Short-Term Liabilities by Type of Liability—Continued
Part B - International and Regional Organizations
(In millions of dollars)
End of
calendar year
or month
1957.......................
1958.......................
1959.......................
I960.......................
1961.......................
1962 5/.....................
1963.......................
1964.......................
1965.......................
1966.......................
Total
international
and regional
742
752
1,031
1,442
1,317
f 2,050
i 2,084
1,547
1,618
1972.......................
1973.......................
1,479
1,381
f 1,287
\ 1,273
1,483
1,413
1,221
f 1,772
^ 1/767
1,413
1,955
1973-Oct....................
Nov....................
Dec....................
1974-Jan....................
Feb....................
Mar....................
Apr....................
May....................
June...................
July...................
Aug....................
1,76£
1,962
1,955
1,853
1,693
1,151
1,109
1,333
1,593
l,685r
1,861
1967 5/.....................
1968.......................
1969.......................
1970.......................
1971 5/.....................
1,840
Oct. p.................
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
Nonmonetary international and regional organizations 2/
Deposits
Demand
200
200
500
691 U
613 4/
800
800
739 U
800
800
800
800
800
800
800
400
Time 2/
50
209
76
384
207
200
139
124
120
113
83
159
192
192
400
400
69
73
73
-
86
101
-
70
73
-
101
_
-
95
77
96
60
95
106
90r
94r
83r
88r
63r
62r
57r
53r
66r
120
66
81
127
125
67
69
89
*-
1,937
1/ Short-term U.S. Government obligations at cost value, and deposits
awaiting investment (less than $500,000 on all dates shown), obtained
from proceeds of sales of gold by the International Monetary Fund to
the United States to acquire income-earning assets. Upon termination
of investment, the same quantity of gold was reaquired by the In
ternational Monetary Fund.
2/ Principally the International Bank for Reconstruction and Development
and the Inter-American Development Bank; excludes Bank for Interna
tional Settlements and European Fund. Includes difference between
cast value and face value of securities in IMF gold investment account
($14 million at end 1971).
Other
short-term
liabilities 2/
490
2
*
343
449
532
219
354
540
568
70
66
42
56
67
67
68
62
U.S. Treasury
bills and
certificates
202
83r
294
572
572
215
231
170
212
178
178
394
244
211
211
211
326
296
173
373
296
286
232
227
209
46
91
51
146
75
93
6
*
55
138
145
138
314
266
173
118
107
108
224
381
896
892
800
l,474r
l,434r
l,423r
l,474r
l,383r
l,321r
765r
783r
l,139r
l,330r
l,448r
1,567
1,569
1,630
.
.
j/ Time deposits exclude negotiable*time certificates of deposit, which
are included in "Other short-term liabilities.”
4 / In addition, IMF gold investment included investments.in U.S. Gov
ernment bonds and notes which amounted to $109 million at end 1960,
$187 million at end 1961, and $61 million at end 1963.
j>/ Data on the two lines shown for this date differ because of changfes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
p Preliminary.
r Revised.
* Less than $500,000.
December 1974
^
__________________ ;__________________________ CAPITAL MOVEMENTS______________________________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-3. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1972
1971 1/
1973
May
June
July
298
1,739
261
143
3,019r
13,777
239
1,435
2,407
923
452
365
1,350
5,138r
95
8,792
86
2,639r
28
104
43,292r
3,983
310
1,827
266
174
3,425
13,528
232
1,281
2,352
911
411
324
1,211
6,386r
125
8,533
100
2,701
27
126
44,249r
3,550
482
1,819
239
203
3,763
12,602
222
1,327
2,232
878
429
362
1,160
7,216r
134
8,294
106
2,851
27
133
44,479r
1,194?
l,946r
731
193r
227
6
1,417*
559r
162
132
2,248
l,059r
95
424
l,379r
l,487r
782
240r
217
6
l,412r
559r
166
121
2,708
l,080r
124
450
10,393r
Sept. p
Oct. p
595
1,924
268
219
3,561
9,337
293
3,138
2,498
1,023
435
377
1,096
8,188.
100
8,606
151
3,122
40
149
45,120
566
2,038
285
223
3,920
8,623
255
2,748
3,009
1,131
411
347
1,071
8,974
121
7,562
136
3,201
44
136
44,803
3,595
528
1,928
251
229
3,611
11,873
298
1,101
2,23^
894
422
303
1,049
7,850
106
8,969
100
2,829
26
147
44,749
3,250
3/754
4,226
1,189
3,201
817
253
285
6
1,610
445
185
115
2,999
1,066
103
825
13,099
1,105
1,155
873
266
293
7
1,643
511
182
120
3,217
1,217
123
546
1,017
1,672
894
270
292
6
1,731
484
177
128
2,932
1,115
138
478
10,732r
l,252r
l,546r
778
279r
264r
7
l,411r
566r
197
122
2,600r
l,183r
92
671
10,964r
11,256
11,335
Aug.
Europe:
Belgium-Luxembourg..........
Italy.....................
Sweden....................
Turkey....................
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Canada,T....................
Latin..America:
Argentina.................
Chil®.....................
Colombia..................
Cuba......................
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)...
India.....................
Indonesia.................
Korea.....................
Philippines................
Thailand..................
Other Asia.................
Total Asia.................
Africa:
Egypt.....................
Morocco...................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Qfther coun^r^e^:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International and regional:
International..............
European regional...........
Latin American regional......
Asian regional.............
African regional............
Total international and regional.
Grand total.................
1/
272
1,094
284
163
4,441
5,346
238
1,338
1,468
978
416
256
1,184
2,857
97
5,011
117
1,483
11
81
27,136
3,432
161
1,483
659
165
3,483
13,227
389
1,404
2,886
965
534
305
1,885
3,377
98
6,148
86
3,352
22
110
40,742
3,627
254
701
168
160
3,150
6,596
170
1,888
271
685
303
203
791
3,248
68
7,374
34
1,369
14
53
27,503
3,441
254
701
168
160
3,150
6,596
170
1,887
270
685
303
203
792
3,249
68
7,379
34
1,391
14
53
27,529
3,441
441
656
342
191
188
6
709
154
164
108
963
656
87
36
4,702
441
656
342
191
188
6
715
154
164
108
963
655
87
37
4,708
39
258
312
89
63
150
14,294
201
304
126
595
16,432
39
258
312
89
63
150
14,295
196
306
126
595
16,429
39
675
318
98
108
177
15,843
192
438
171
1,071
19,131
38
757
372
85
133
327
6,954
195
515
247
1,202
10,826
39
620
512
264
220
267
9,060
234
731
517
1,886
14,350
33
688
462
225
257
256
9,419
262
772
524
2,572
15,470
39
772
470
172
863
226
9,974r
215
762
451
3,634
17,578
40
842
490
131
785
211
9,894
277
715
403
4,272
18,062
40
822
621
158
943
217
10.115,
304
748
362
4.726
19,055
43
797
470
140
1,600
218
10,385
313
726
328
4,832
19,851
24
9
78
12
474
597
24
9
78
12
474
597
24
12
115
21
768
939
35
11
114
87
808
1,056
71
20
122
52
1,703
1,968
84
39
102
58
1,911
2,193
91
54
170
46
2,042
2,403
105
63
156
46
2,258
2,627
73l
79
157'
43
2,893!
3,2451
109
73
138
41
2,973
3,333
916
42
957
53,632
916
42
957
53,661
3,027
51
3,077
59,284r
3,131
59
3,190
67,067r
2,980
68
3,047
77,033r
2,831
69
2,900
79,094r
2,848
58
2,906
81,925r
2,926
68
2,994
84,781
2.847*
72
2,918
85,348
2,788
71
2,859
86,408
1,332
8
298
129
5
1,772
1,327
8
298
129
5
1,767
951
10
307
142
4
1,413
1,627
7
272
50
*
1,038
35
226
33
1
1,250
77
222
33
12
4
1,610
59
227
41
*
1,333
1,593
1,512
54
257
37
2
1,861
1,479
1,955
1,328
70r
248
35
3
l,685r
M4d
1,937
55,404
55,428
60,697r
69,022r
78,365r
80,687r
83,610r
86,642
87,18$
88,345
638r
540
605
137
210
6
831
167
225
140
1,078
86lr
86
44
5,568r
924r
824
860
158r
247
7
l,285r
282r
135
120
1,468
884r
71
359
7,626r
Data in the tiro columns shoim for this date differ "because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
c>!
256
4$
column are comparable to those shown for tile following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary.
r Revised.
88
Treasury Bulletin
__________________________________________ 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 O ctober 31, 1974
Preliminary
(Position in millions of dollars)
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..........
Total Europe.................
Canada.......................
Latin America:
Total
short
term
liabilities
!
|
i
I
1
!
1
1
|
Brazil...................... !
Chile....................... |
Colombia....................
Cuba.......................
Mexico... ..................
Panama.............. ......
Peru.......................
Venezuela...................
Other Latin American Republics t...
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.................
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.... ...............
566
2,038
285
223
3,920
8,623
255
2,748
3,009
1,131
411
347
1,071
8,974
121
7,562
1.36
3,201
44
136
Short-term liabilities payable in dollars
To foreign banks and official institutions
To all other foreigners
Total
557
1,948
260
217
3,775
8,511
211
2,653
2,920
1,079
375
Deposits 1 /
U.S.
Treasury
bills and
certif
icates
Other 3/
Total
231
1,024
24
124
1,077
431
46
197
351
538
18
36
80
5,060
7
3,952
7
2,714
2
24
15,944
2,767
8
79
24
6
99
87
44
70
63
50
36
100
16
667
5
676
3
30
1
3
2,069
417
226
1,201
216
39
10
*
236
134
22
3
912
192
16
273
3,479
489
82
124
124
185
5
1,210
316
76
97
Short-term
liabilities
U.S.
payable
Treasury
in
Deposits 2 / bills and Other 1/ foreign
certif
currencies
icates
1
1
*
_
2
*
*
5
21
*
*
*
*
100
*
20
*
-
*
30
2
*
10
8
*
5
* 7
1 3
4
13
2
280
*
418
*
4
152
18
786
93
430
216
*
1
_
*
*
*
5
1
*
1
2
5
3
19
6
5
5
1
1
_
204
68
1
6
5
41
18
74
434
*
5
*
*
*
_
1
3
*
*
*
2
_
2
15
6
160
202
11
21
22
87
30
90 .
18
276
922
_
_
3
*
_
*
*
_
*
*
*
_
_
*
7
12
3
3
9
6
*
1
40
*
7
*
119
186
7
48
21
6
87
80
44
59
34
46
31
87
14
287
5
3,593
142
196
71
86
434
518
115
451
463
307
344
206
224
1,606
109
771
95
321
41
108
6,607
232
1,017
1,672
894
270
292
6
1,731
484
177
128
2,932
1,115
138
478
11,335
528
1,585
769
146
108
1
520
165
101
30
2,509
511
61
325
7,360
164
383
549
107
95
1
280
32
79
27
1,597
268
44
51
3,678
43
797
470
140
1,600
218
10,385
313
726
328
4,832
19,851
37
633
250
110
1,580
195
10,234
283
628
309
4,431
18,691
27
387
126
41
67
92
854
143
434
61
1,019
3,252
117
12
20
980
4
6,032
25
142
1,509
8,840
10
129
113
49
534
99
3,348
114
193
107
1,903
6,599
6
163
213
17
21
22
126
30
97
19
396
1,111
109
73
138
a
2,973
3,333
105
71
124
31
2,893
3,224
98
71
55
29
424
677
7
_
49
1
2,459
2,515
1
1
20
1
9
32
4
1
8
10
80
103
4
1
8
10
76
100
_
_
*
_
*
*
*
*
*
*
4
4
_
*
5
_
*
2,788
71
2,859
86,408
2,763
58
2,821
1,985
11
1,996
33,902
466
11
477
29,296
22
12
21
10
-
1
1
77,994
312
36
349
14,796
34
7,694
31
5,996
193
3
2
5
720
1,610
59
227
a
*
1,610
59
227
41
*
141
9
49
14
*
66
22
5
-
1,402
49
156
22
-
1,937
88,345
1,937
94
33,995
1,630
30,926
*
*
*
*
*
*
79,931
214
15,010
*
*
*
*
*
7,694
5,996
44,803
4,226
242
1,052
8,112
116
6,797
133
3,171
44
133
42,305
184
727
165
7
2,262
7,562
49
2,005
2,106
235
13
748
1,446
*
2,074
32
136
1
19,754
593
138
*
5
-
3
_
4
51
1
1
203
-
422
602
77
151
3,960
240
3
26
1
3
1,130
306
483
76
119
123
184
5
1,001
246
75
91
416
559
53
74
3,507
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
* Less than $500,000.
-
*
?.
1,505
1
11
1
*
46
25
*
26
26
2
1
5
3
195
_
88
_
_
*
_
_
25
_
*
_
6
50
5
-
_
_
_
_
_
_
_
_
193
1,505
720
_
_
_
_
89
December 1974
.CAPITAL MOVEMENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-5. - Short-Term Liabilities, Countries and Areas Not Regularly Reported Separately
____ (Position at end of period in millions of dollars)
Calendar year
1969
1970
"Other Western Europeft
Cyprus...........
Iceland..........
Ireland. Republic..of.
Malta..... .„.....
Monaco...........
11
9
38
5
4
10
10
"Other Eastern Europe"
Bulgaria..............
Czechoslovakia.........
Estonia...............
German Democratic Republic.
Hungary...............
Poland................
Rumania...............
7
9
2
4
3
16
8
8
5
2
2
3
23
"Other Latin American Republics11
Bolivia.................
Costa Rica...............
Dominican Republic.........
Ecuador.................*
El Salvador..............
Guatemala.................
Guyana..................
Haiti...................
Honduras.................
Jamaica.................
Nicaragua................
Paraguay.................
Trinidad and Tobago........
68
52
78
76
69
84
3
17
29
17
63
13
69
41
99
79
75
"Other Latin-America^
Bermuda . 1 / ......................
British Honduras....................
British West Indies.................
French West Indies and French Guiana....
"Q-frher Asia,"
Afghanistan........................
Bahrain...........................
Bangladesh g / ......................
Burma............................
Cambodia..........................
Iran.*............................ .
Iraq..............................
Jordan........................... .
Kuwait...........................
Laos.............................
Lebanon..........................
Malaysia.........................
Nepal............................
Oman (Muscat and Oman)..............
Pakistan.........................
Qatar............................
Ryukyu Islands (including Okinawa) j/....
Saudi Arabia......................
Singapore.........................
Sri Lanka (Ceylon)........... ......
Syria............................
United Arab Emirates (Trucial States) £/•
Viet Nam.........................
Yemen (Aden)..............-.......
"Other Africa"
Algeria.................
Ethiopia (including Eritrea).
F.T.A.I. (French Somaliland).
Ghana..... .............
Ivory Coast.............
Kenya..................
Liberia.................
Libya... ...............
Mozambique..............
Nigeria.................
"Portuguese West Africa"...
Southern Rhodesia.........
Sudan..................
Tanzania................
Tunisia.................
Uganda.................
Zambia.................
"Other Countries"
New Zealand.........................
U.S. Trust Territory of the Pacific Islands.
41
3
6
10
100
2
16
34
19
59
16
10
¥
1971
2
19:
8
62
4
8
10
4
14
2
2
5
20
6
5
10
2
6
5
36
8
2
16
2
6
8
29
8
16
18
2
7
12
33
17
6
19
n.a.
n.a.
8
36
16
55
62
123
57
78
117
6
18
42
19
50
17
10
87
92
114
121
76
132
8
27
58
41
61
22
20
65
75
104
109
86
127
8
25
64
32
79
26
17
68
86
118
92
90
156
6
102
88
137
90
129
245
5
28
71
52
119
40
¥
124
4
36
2
127
5
100
3
244
4
109
3
201
3
n.a.
7
25
24
72
2
3
93
10
4
39
2
55
54
11
5
59
19
23
20
17
3
114
26
4
36
3
55
59
10
3
93
22
24
9
11
16
22
2*,
32
2/
4
2
42
19
21
14
54
5
54
22
19
1
38
6
18
106
57
4'
7
5
179
4
&
5
59
10
2
20
3
46
23
16
4
33
1
29
79
35
4
4
5
159
3
1/
1/
344
77
5
4
13
135
1
236
53
6
39
8
98
1
32
57
1
10
6
23
30
393
6
85
31
2
3
11
10
7
28
51
75
4
28
4
19
31
6
140
10
1
3
16
11
19
37
30
12
34
14
6
5
195
7
17
8
1
1
9
7
8
20
10
23
11
1
8
2
9
23
274
6
46
13
2
1
6
9
3
13
16
9
25
9
23
13
14
20
1
10
4
43
23
288
6
11
9
2
3
10
17
19
*
8
3
38
22
Note: Data represent a partial breakdown of the amounts shown for the
corresponding dates for the "Other" categories in the regular monthly
series in the "Treasury Bulletin."
]/ Bermuda included with Bahamas prior to December 1972.
Apr.
1974
9
12
22
3
5
33
2
11
Dec.
1973
3
9
17
3
4
32
1
2
1
35
26
17
46
3
83
30
17
6
35
4
25
106
17
3
4
4
94
Apr.
1973
11
16
5
6
30
2
U
1972
312
21
56
39
99
29
17
12
2
124
101
6
28
3
62
58
16
10
105
2
y
334
141
13
5
25
111
79
1
20
10
23
42
331
8
78
15
2
3
12
7
6
22
39
11
2/ Bangladesh included in Pakistan prior to April 1972.
2 / Ryukyu Islands included in Japan after April 1972.
4/ Data as of December 31, 1971 exclude Ras al Khaymah.
n.a. Not available.
Less than $500,000.
11
53
10
3
21
11
12
n.a.
4
243
n.a.
6
n.a.
n.a.
68
40
21
16
108
n.a.
2/
303
164
13
40
32
98
1
110
118
n.a.
22
13
20
29
n.a.
9
n.a.
20
1
2
12
17
11
n.a.
33
n.a.
Treasury Bulletin
90
________________________CAPITAL MOVEMENTS________________________
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-6. - Long-Term Liabilities by Type
(In millions of dollars)
Payable in dollars
End of
calendar year
or month
Foreign countries
Total
long-term
liabilities
Total 1/
1957.....................
1958.....................
1959.....................
I960.....................
1961.....................
1962.....................
1963.....................
1964..........................
1965.....................
1966.....................
1Q£/7 9/
1968.....................
1969.....................
1970.....................
1971.....................
1972 2/
1973.....................
1973-Oct..................
Nov..................
Dec..................
1974-Jan..................
Feb..................
Mar..................
Apr..................
May..................
June.................
July.................
Sept. p...............
10
2
1
7
2
7
69
310
513
1,494
f 2,546
^2,560
3,166
2,490
1,703
902
f 1,000
^1,018
1,467
1,473
1,469
1,467
1,496
1,519r
l,577r
l,690r
l,657r
1,650r
l,671r
1,516
1,384
1,334
10
2
1
7
2
7
28
204
203
988
1,858
1,863
2,389
1,600
913
437
417
417
7106
Official
institutions
International
and regional
Payable in
foreign
currencies
Banks
Other
foreigners
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
_
42
106
311
506
1,807
1,807
15
15
8
55
165
237
238
238
35
40
40
40
53
56
87
87
689
698
777
889
789
446
562
580
_
1
1
20
21
21
296
i;00
761
-
285
287
296
275
286r
276r
282r
282r
283r
299
316
316
299
122
117
100
90
86
87
89
74
73
75
77
73
71
735
753
761
821
888
951
1,025
1,005
974
978r
1,005
920
851
20
2,3a
1,505
695
144
93
93
310
718
717
706
675
631r
622r
665r
652r
676r
693
511
464
483
1/ Dollar-foreign currency breakdown not available prior to 1966; amounts
reported for earlier dates assumed to have been payable in dollars.
7 j Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
312
313
310
310
259
259
294
296
321
319
118
75
114
_
-
_
-
n.a.
n.a.
4^.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
_
_
-
_
_
4
_
-
_
_
-
coverage to those shown for the preceding date; figures on the
second line are comparable to those shown for the following date.
n.a. Not available.'
r Revised,
p Preliminary.
91
December 1974
CAPITAL MOVEMENTS,
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-7. - Long-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1974
Country
1971
Europe!
Austria...................
Belgium-Luxembourg..........
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada...................
Latin tesvXwArgentina.................
Bahamas 2/.................
Brazil....................
Chil*....................
.0*?.....................
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...............
Australia.................
All other.................
Total other countries........
Total foreign countries........
International..............
European regional...........
Latin American regional......
Asian regional.............
African regional............
Total international and regional
Grand total.................
*
8
_
*
6
164
*
1
*
*
*
1
*
2
*
52
*
11
-
246
4
2
39
1
1
1
*
31
1
*
*
31
4
*
*
111
1972 1/
261
1
475
8
1
53
1
2
1
2
55
2
6
1
2
57
6
1
*
28
2
*
*
28
19
*
1
136
44
2
*
*
9
4
4
3
132
*
12
*
5
15
*
1
165
2
1
*
*
*
1
*
5
*
63
*
10
_
261
1
1
165
2
1
*
*
*
1
*
5
*
63
*
10
1
165
*
1
*
*
*
1
*
9
*
66
*
213
_
-
1
53
1
2
1
28
2
*
*
28
19
*
1
136
June
*
9
*
2
165
*
*
*
*
*
1
*
2
*
56
*
206
_
441
8
*
12
*
_
May
1973
_
_
_
*
9
*
_
1
165
*
1
*
*
*
*
2
*
56
*
206
441r
8
25
20r
*
*
27
3
*
3
144r
144r
Aug.
Sept. p
*
277
2
9
*
14
170
*
1
*
*
*
*
*
12
*
48
*
8
_
265
12
12
2
60
6
1
*
2
58
6
1
*
6
18
*
*
22
3
*
*
2
9
*
1
171
*
1
*
*
*
1
*
12
*
56
*
206
_
*
14
170
*
1
*
*
*
*
*
12
*
60
*
8
459
11
277
12
1
60
6
1
*
24
18
*
*
25
3
*
3
142
2
60
6
1
*
25
18
*
*
23
3
*
3
142
7
18
*
*
23
3
*
3
123
_
_
-
_
Oct. p
2
9
*
_
14
170
*
1
*
*
*
*
*
12
*
60
*
8
2
9
*
_
1
2
57
6
1
*
24
20r
*
*
26
3
*
3
-
-
July
_
116
_
_
_
_
_
34
*
*
*
6
3
6
3
*
37
90
*
*
1
*
5
1
5
3
*
17
33
*
*
1
*
5
1
5
3
*
17
33
1
*
1
*
1
5
1
2
*
71
82
*
*
1
*
1
2
*
4
*
44
54
*
1
1
*
1
2
*
4
*
69
79
*
1
1
*
1
2
*
4
1
69
79
*
1
1
*
1
1
*
4
*
69
78
*
1
1
*
1
1
*
2
*
44
51
1
1
*
2
*
84
89
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
1
1
*
*
•*
*
1
1
*
*
*
*
*
*
*
*
*
1
1
1
*
*
*
*
*
*
*
*
*
*
*
*
_
_
*
-
*
*
*
_
_
_
_
_
_
1
1
1
1
1
1
1
1
1
1
1
1
4
*
7
*
7
*
7
*
3
*
3
*
4
457
7
439
7
439
7
706
3
652r
3
676r
693
511
464
433
351
480
496
551
758
_
743
769
_
7%
723
665
57
38
52
30
53
31
98
112
107
124
93r
117
90
120
562
1,000
580
1,018
761
978r
851
l,657r
l,650r
1,005
1,516
90
107
920
83
103
446
902
123
124
1,005
1,384
1,334
_
_
-
1/ Data in the two columns shown for this date difter because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date, figures in the second
column are comparable to those shown for the following date.
1*1*67
2/
*
p
_
-
.
974
l,671r
_
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary.
r Revised,
_
-
Treasury Bulletin
92
_____________________ 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
Loans
Payable in foreign currencies
Collec
tions
out
standing
for
Other
account of
reporting
for
eigners banks and
domestic
customers
Accept
ances
made for
account
of for
eigners
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
Foreign
government
obligations Other
and
short
commercial_ term
and
claims
finance
paper
Total
short
term
claims
Total
1957........
2,199
2,052
930
242
386
303
423
6<)9
147
132
L5
19*3........
2,542
2,344
1,268
401
439
428
421
656
198
181
16
1959........
2,599
2,407
1,309
351
498
460
516
582
192
178
15
3,594
3,135
1,297
290
524
482
605
1,233
460
222
238
f 4,719
^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
686
1,9<i>7
495
309
186
1963........
5,887
5,344
1,915
186
955
774
8?2
2,214
384
543
343
157
42
1nAi i/
f 7,411
6,810
7,333
2,652
2,773
223
221
1,374
1,403
1,055
1,150
1,007
1,135
2,600
2,621
552
803
601
624
342
336
182
187
102
iQie n/
[ 7,632
7,158
7,243
2,968
2,970
271
271
1,566
1,567
1,130.
1,132
1,268
1,272
2,501
2,508
422
\j,735
492
474
492
325
329
68
95
96
T7,819
^7,853
7,399
7,433
3,139
3,141
256
256
1,739
1,739
1,143
1,145
1,367
1,288
2,450
2,540
443
464
420
420
241
70
70
110
110
f s , 583
I 8,606
8,158
8,182
3,137
3,150
30£
306
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
1968........
8,261
9,063
9,165
10,192
3,165
3,281
3,278
3,051
4,503
3,969 2/
5,674
5,671
7,689r
247
262
1,697
1,946
1,943
1,720
2,613 '
2,080 2/
2,975
2,970
4,555?
1,221
.
2,854
3,169
3,985
4,243
4,254
3,204
3,226
4,156r
509
658
670
766
1,107
1,679 2/
2,478
2,657
3,912r
450
516
516
610
1,667
1,658
2,535
2,538
2,863?
1,733
1,954
2,015
2,389
2,475
2,475
3,269
3,276
4,307r
895
336
352
352
352
549
548
846
846
441
441
40
84
89
92
119
173
223
73
79
74
166
174
174
182
223
\82
662
428
119
115
3,988
4,084
4,555?
4 ,400r
4,966?
5,793?
6,141?
6,372r
7,743?
6,848r
7,809
6,751
6,318
2,775
2,732
2,863?
2,688r
2,662r
2,855r
*3,090r
3,223r
3,364?
3,601r
3,377
3,371
3,361
4,099
4,287
4,307r
4,387r
4,427r
4,642r
4,805
5,08lr
5,107r
*5,152r
5,295
5,243
5,355
3,774
3,788
4,156r
4,108r
4,554
5,126r
5,810
6,599r
7,584?
9,163?
9,459
9,520
10,039
3,588
861
790
3,655
3,912r
662
4 ,412r
802
5 ,228r
844
5,986r
849
5,529r
857
7,223?
884
7,lllr
957
7,290r 1,003
805
7,863
918
7,563
7,135 1,030
510
. 512
187
131
119
163
14S
115
173
129
144
169
160
141
170
I64
233
240
End of
calendar
year
or month
1960........
1OAA 1/
\j,957
8,711
^9,578
1969 y .....
\^9,680
10,802
1970........
f l 3,170
1971 1 / %/...
u.3,272
.p.5,471
1972 1/...... |l5,676
20,726r
1973........
1973-Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
July....
Aug.....
Sept.p....
Oct. p....
19,300
19,590
20,726r
21,100r
22,986r
25,671r
26,580r
29,745r
32,253r
33,532r
35,057
33,889
33,586
Total
12,328
12,377
14,625
14,830
20,064r
18,440
18,799
20,064?
20,296**
22,141r
24,823?
25,723r
28,862r
31,296r
32,529r
34,252
32,971
32,556
6,979
7,068
7,689r
7,391r
7,931?
9,068r
9,578
9,959?
11,494?
10,924?
11,634
10,645
10,027
Official
insti
tutions
262
119
223
231
163
163
271
216
252
271
303
303
421
346
363
386
475
44*
523
348
Banks
1,073
1,073
1,212
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
2/ 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
3,202
Other
short
term
claims
Total
842
240
428
467
594
545
589
611
687
626
461
468
547
54
162
121
160
99
113
130
207
180
217
243
77
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 number of reporting banks
are included in the seriep for the first time.
p Preliminary,
r Revised.
93
December 1974
_____________________ CAPITAL MOVEMENTS_________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
197^
Country
1972 1/
1971 1/
Europe:
Austria...................
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Portugal.*..................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada.....................
Latin,^rica:
Argentina.................
Bahamas'2/..................
Brazil....................
Chil°....................
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.....
Grand total.................
11
57
49
135
267
235
30
159
105
67
12
70
118
145
3
563
19
12
28
37
2,122
1,530
11
57
49
135
263
235
30
160
105
67
12
70
118
145
3
559
19
12
28
37
2,114
1,627
8
120
59
118
330
321
29
255
108
69
19
207
156
125
6
849
22
20
41
49
2,911
.1,897"
8
120
59
118
330
321
29
255
108
69
19
207
164
125
6
997
22
20
41
49
3,067
1,914
379
519
649
52
418
13
1,202
244
145
40
383
388
14
36
4,480
11
148
48
108
621
311
35
316
133
72
23
222
153
176
10
l,459r
10
25
46
61
3,988r
l,955r
499r
875
900
151
397
12
l,373r
266
178
55
5l8r
493r
13
305
262
429
139
380
13
936
125
176
41
268
374
18
25
3,490
3,494
379
476
649
52
418
13
1,202
244
145
40
383
388
14
36
4,437
1
109
68
21
41
129
4,279
348
136
164
252
5,548
1
109
70
21
41
129
4,280
348
138
173
252
5,560
1
194
93
14
87
105
4,158
296
149
191
300
5,589
1
194
93
14
87
105
4,152
296
149
191
300
5,584
6,400
10
4
156
21
99
291
10
4
156
21
96
288
21
4
143
13
124
304
21
4
143
13
118
299
35
5
129
61
158
388
158
28
186
13,167
158
28
186
291
40
330
15,468
291
40
330
15,674
243
43
286
3
15,471
J
3
13,170
305
262
435
139
380
13
934
125
176
41
268
374
18
26
1973
13,269
3
13,272
15,676
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; figures in the second
140
5,870r
31
140
147
16
88
166
403
181
273
394
8,238
20,725r
—
20,726r
!
104
231
65
134
731
422
49
572
212
91
32
404
117
663
10
2,361r
20
26
47
84
6.374r
.2,195
6?3r
1,887
1,477
187
522r
13
l,725r
387r
281
40
606
676r
41
298
8,8l3r
23
357
208
18
115
158
10,845r
620
302
421
713
13,780r
66
5
202
91
273
637
383
71
453
32t252r
T
32,253r
Aug.
Sept. p
Oct. p
72
208
49
151
760
379
66
441
112
136
24
382
139
355
19
2,513
25
22
30
106
5,986
— 27m —
17
160
51
146
637
342
59
354
130
113
26
253
159
377
15
2,112
28
18
21
119
5,136
575ST
21
301
59
128
476
332
48
340
176
94
35
227
149
277
15
1,486
24
31
27
105
4,349
2,556
704
2,085
1,522
231
679
13
1,833
401
421
50
641
701
56
354
9,692
695
2,471
1,534
250
665
14
1,711
404
408
47
627
712
64
249
9,852
679
2,685
1,481
256
686
13
1,836
405
433
46
557
724
61
517
10,380
15,556
22
446
271
34
120
205
12,812
706
348
429
682
16,073
9
465
243
17
ia?i
210
12,378
733
340
438
671
15,625
7
496
214
19
128
200
11,674
760
346
418
665
14,925
68
14
213
93
286
675
83
10
238
97
275
702
97
10
243
94
311
755
93
11
282
107
312
806
400
415
77
492
422
478
91
569
33,585
1
33,586
July
June
18
267
45
150
703
372
61
437
165
103
30
392
119
386
26
2,260
26
19
35
105
5,720
2,340
686r
1,558
1,507
224
601r
12
l,775r
394r
353
59
644
691r
38
234
8,778r
28
406
200
20
117
205
12,397
641
295
427
820
63r
463r
33,531r
1
"33,532?
35.056
1
76
498
33,886
2
35,057
33,889
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
r Revised.
94
Treasury Bulletin
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 O ctober 31, 1974
Preliminary
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Total
short
term
claims
Country
Euroiae:
Austria..................
Belgium-Luxembourg..........
Foreign
banks and
Total official
insti
tutions
Total
Collections
outstanding
for account
of report
Other ing banks
and domestic
customers
Short-term claims payable
in foreign currencies
Accept
ances
made for
account
of
foreign
ers
Other
-
*
*
*
_
_
_
_
_
2
3
*
1
1
*
*
1
*
5
*
74
*
*
*
*
283
*
106
483
176
243
43
2,111
79
1
38
1
98
28
3
3
26
42
1
373
2
19
1
*
*
*
1
*
*
*
29
1
*
*
16
1
*
5
23
*
*
*
7
*
*
*
*
6
*
*
*
9
*
*
5
1,643
2,847
72
32
*
40
1
34
25
9
10
21
3,172
82
59
59
171
319
60
*
20
39
5,887
551
112
272
104
1
39
63
2
3
27
1,454
8
28
43
119
1
1
5
1
*
1
31
*
1
1
8
1
1
2
1
*
1
29
*
*
1
8
455
3,643
7,365
1,785
50
43
6
89
34
65
184
147
31
200
33
39
13
131
115
161
10
450
14
4
6
83
5
63
16
49
136
113
23
162
25
31
7
100
94
127
9
380
12
3
3
83
2
26
19
16
49
34
8
38
8
7
6
31
21
33
*
69
3
1
2
*
6
17
8
5
66
51
15
60
42
18
15
53
14
36
5
88
4
22
21
8
4
2
11
57
16
5
*
43
6
31
3
25
3
6
_
91
4
2
_
11
1
159
1
Total Europe..............
j 4,349
3,960
1,813
1,440
374
553
Canada.....................
2,556
2,073
695
297
398
Latin America:
Argentina.................
Bahamas..................
Brazil...................
Chile....................
Colombia.................
Cuba.....................
Mexico...................
Panama...................
Peru.....................
Uruguay..................
Venezuela.................
Other Latin American Republics.
Netherlands Antilles & Surinam.
Other Latin America.........
679
2,685
1,481
256
686
13
1,836
405
433
46
557
724
61
517
678
2,666
1,480
256
686
13
1,808
405
433
46
541
724
60
512
247
544
738
56
452
112
508
620
49
321
134
36
118
7
131
1,522
322
297
16
361
301
42
77
784
140
229
11
68
153
9
34
Total Latin America.........
10,380
10,308
4,975
Asia:
China, People*s Republic of
7
(China Mainland)..........
496
China, Republic of (Taiwan)....
214
Hong Kong.................
19
India....................
128
Indonesia.................
200
Israel...................
Japan....................
11,674
760
Korea....................
346
Philippines...............
418
Thailand.................. 1
665
Other Asia................
6
495
209
18
127
199
11,642
760
345
417
656
4
10;
62
Total Asia................ ■ 14,925
G erm an y............................ ..
Greece................... I
Italy....................
Netherlands...............
Norway...................
Portugal..................
Spain....................
Sweden...................
Switzerland...............
Turkey...................
United Kingdom.............
Yugoslavia................
Other Western Europe........
U.S.S.R..................
Other Eastern Europe........
735
2
1
*
3
3
34
5
1
19
91
1
17
20
5
3
8
14
44
*
122
*
2
*
*
3
17
4
1
17
88
1
16
19
5
3
7
14
39
*
48
*
2
*
*
323
1,271
389
65
126
1,186
738
182
67
5
294
147
33
43
89
9
248
23
34
12
82
24
22
4
92
160
18
26
298
2
415
176
163
*
105
31
111
23
61
221
*
36
3,038
1,936
843
95
112
1,129
119
146
43
262
4
88
17
6
22
109
904
111
101
35
231
*
15
46
*
72
3
226
8
44
9
32
14,875
2,083
1,627
e
*
191
38
1
20
74
1
*
10
3
31
_
Other
*
17
18
267
54
127
457
241
48
323
156
89
31
219
135
233
14
1,364
24
29
27
105
D enm ark,................. .................. ..
Foreign
government
obligations
and commer
cial and
finance
paper
-
21
301
59
128
476
332
48
340
176
94
35
227
149
277
15
1,486
24
31
27
105
Finland..................
France...................
Deposits of
reporting
banks and
Total domestic
customers
with
foreigners
*
-
-
_
_
_
•
*
64~
1
18
1
*
*
*
*
3
•*
*
*
3
*
*
*
*
*
7
Africa:
Egypt.............................................................
Morocco..................
South Africa..............
Zaire....................
Other Africa..............
93
11
282
107
312
93
11
257
107
312
24
5
64
9C
15'?
18
4
25
63
84
6
1
39
27
73
1
4
59
1
92
66
1
132
9
57
2
1
2
7
7
*
1
26
*
*
*
1
6
* v
*
-
Total Africa..............
*
19
*
806
779
34C
193
146
157
264
18
26
7
-
19*
Other countries:
Australia.................
All other.................
478
91
471
90
108
14
65
5
44
9
64
30
291
27
8
19
7
2
4
2
_
3
*
Total other countries.......
569
560
122
70
52
94
318
27
9
6
-
Total foreign countries.......
33,585
32,556
10,026
6,666
3,361
5,355
10,039
7,135
1,030
547
243
240
*
*
_
.
_
_
_
_
3,361
5,355
10,039
7,135
1,030
547
243
240
Infrernafripflal and regional.....
1
1
1
*
Grand total.................
33,586
32,556
10,02'i
6,666
*
Less than $500,OCX).
=__ 4.
95
December 1974
______________________ CAPITAL MOVEMENTS________________________
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-4. - Long-Term Claims by Type
(in millions of dollars)
Payable in dollars
End of
calendar year
or month
Total
long-term
claims
Lot
Total
Total
Official
institutions
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
660
730
725
728
703
716
1957..................
1958........ •.........
1959..................
1960..................
1961..................
1962...................
1,174
1,362
1,545
1,698
2,034
2,160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1963-May 1/.............
f 2,293
2,293
2,379
793
702
669
528
502
504
575
833
844r
l,145r
l,056r
l,143r
l,145r
l,132r
l,l87r
1,262r
l,552r
l,5^9r
l,600r
l,469r
1,434
1,392
1,439
1963 1/................
1964 1/................
\
j
I
J
^
1965..................
1966..................
1967..................
1968..................
1969..................
1970...................
1971..................
1972 1/................
1973-Oct...............
Nov...............
Dec...............
1974-Jan...............
Feb...............
Mar...............
Apr....... ........
May...............
June..............
July..............
Aug...............
Sept. p............
Oct. p............
5,063r
5,962r
4,914
5,023r
5,889r
2,260
2,346
2,781
2,811
3,777
3,995
4,211 '
3,915
3,635
3,158
2,806
2,698
3,345
4,539
4,588r
5,412r
5,649r
5,845r
5,962r
5,907r
5,960r
6,134r
6,742r
6,788r
7,043r
7,072r
7,011
6,927
7,244
5,569r
5,767r
5,889r
5,828r
5,88lr
6,059r
6,666r
6,721r
6,978r
7,005r
6,943
6,857
7,174
5,095r
5,306r
5,412r
5,359r
5,359r
5,5l8r
6,099r
6,173*
6,431r
6,460r
6,404
6,314
6,565
2,379
2,837
3,030
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
f 4,954
\
2,834
'3,028
3,971
4,283
4,508
4,162
3,909
3,552
3,232
3,050
3,645
1/ Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shewn for the following date.
n.a.
p
*
r
Banks
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Other
foreigners
574
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1,328
1,342
1,659
1,685
2,372
2,550
2,790
2,702
2,642
2,393
2,096
1,958
2,455
3,276
3,314r
3,6$2r
540
557
574
563
584
640
734
755
775
891
895
834
914
3,499r
3,607
3,692r
3,665r
3,588r
3,616r
3,814r
3,867r
4,056r
4,099r
4,075
4,088
4,212
273
273
397
397
701
729
628
512
323
237
209
236
315
430
430
Not available,
Preliminary,
Less than $500,(XX).
Revised.
Other
long-term
claims
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
33
54
217
195
288
297
247
274
394
426
352
300
375
435
478
474
461
478
469
522
541r
567r
55Gr
546r
545
539
542
608
Payable in
foreign
currencies
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
*
1
9
18
15
16
18
25
22
40
40
72
80
78
72
79
79
75
76
67
66
67
68
71
71
96
Treasury Bulletin
CAPITAL MOVEMENTS,
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-5. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Belgium-Luxembourg..........
Greece....................
Italy.....................
Netherlands................
Portugal .................
Spain.....................
Sweden.....................
Switzerland................
Turkey....................
Yugoslavia.................
Other Eastern Europe.........
Capada. _.t___TT__ T...........
Latin America:
Brazil....................
Chilp..................................................................................
Colombia...................
1971
1970
Japan.....................
Korea.....................
Philippines................
Thailand..................
Other Asia.................
Total Asia.................
Africa:
Egypt.....................
Morocco...................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Qfther cp^r^es:
Australia..................
All other..................
Total other countries........
Total foreign countries........
International and regional
Grand total..................
1972 1/
1
13
2
19
88
35
39
4
8
24
14
83
35
3
*
71
25
6
_
12
482
312
1
22
2
11
127
102
45
33
4
13
18
93
49
8
8
130
35
6
*
16
723
228
*
18
11
16
146
100
44
49
11
19
28
102
43
849
406
135
7
251
82
59
123
4
331
91
80
*
372
35
36
23
150
19
577
174
108
*
383
57
71
10
264
167
7
10
1,996
-
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.....................
367
44
68
19
155
122
8
8
1,325
129
4
7
1,458
*
19
2
44
6
15
115
98
234
32
99
663
22
7
81
10
35
246
79
160
22
165
829
224
-
1973
*
18
11
18r
146
100
45r
49
11
19
28
106
40
5
9
150r
May
June
July
Aug.
Sept. p
6
43
853r
406
3
22
29
22r
174r
89
89r
61r
20
47
8
113
28
3
39
148r
72
5
129
154
l,254r
490
18
13
42
31r
317r
86
172r
95
20
49
6
115
38
6
76
224r
94
7
170
187
l,766r
467
18
13
42
31
350r
94
193
96r
28
54
6
143
32
10
76
222r
105
8
169
201
l,891r
496
19
15
48
31
232r
112
198
lOOr
31
54
9
113
24
8
77
249r
134
7
170
205
l,835r
498
23
11
49
31
190
115
203
104
31
56
9
116
25
8
77
285
103
6
174
198
1,812
503
110
176
102
35
60
8
120
24
13
65
265
105
14
172
209
1,776
543
154r
19
583r
174
108
*
390r
57
71
10
270
167
7
10
2,020r
142r
19r
661r
136
87
1
460r
62
62
6
298r
136r
6
37
2,112r
151r
25r
777r
137
87r
150r
20
814r
120
81r
152r
29
826r
117
83r
156
19
824
123
77
154
20
810
134
77
588r
51
84
2
293r
178r
35
18
2,428r
593r
57
97
3
309r
184r
39
16
2,480r
625r
58
101
2
294r
204r
39
16
2,546r
62
90
33r
54
29
219r
251r
103
169r
18
544r
1,571r
53
116
32r
45
42
258
241r
115
167r
14
522r
l,606r
49
126
43
45
49
274
244r
112
167
15
535r
l,660r
257
*
3
70
36
158
267
16
2
88
31
216r
353r
16
1
83
36
213r
349r
15
1
55
36
237r
345r
227
16
154
23
177
5,958r
142
25
167
6,783r
5
6,788r
48
5
9
145
48
6
-
48
-
49
4
73
23
147
319
79
163
17
326
1,200
*
3
70
35
*
3
20
6
98
127
5
50
17
113
184
142
22
222
18
227
16
164
3,074
1
240
3,663
5
243
4,950
3,075
3,667
_
1974
148
-
49
13r
73
23
149
353
96
171r
17
326
l,271r
243
5,059r
4
4,954
4
5,063r
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, figures in the second
column are comparable to those shown for the following date.
4
5,962r
2/
*
p
r
-
23
13
46
32
183
Oct. p
20
13
47
30
273
114
225
97
40
58
8
138
26
13
90
331
105
27
177
223
2,058
523”
61
106
2
279
202
14
13
2,520
633
64
110
1
231
207
8
13
2,463
154
20
838
127
72
3
662
67
103
2
205
215
8
14
2,489
47
149
36
44
56
268
269r
110
166
16
513r
l,675r
42
154
42
43
67
274
269
94
159
17
506
1,668
37
159
43
47
73
267
247
103
147
18
505
1,644
35
189
46
48
68
247
264
111
147
18
487
1,659
18
1
57
36
249r
361r
15
*
62
42
239
359
15
*
69
35
366
15
*
73
36
245
370
25
166
7,039r
5
125
26
151
7,067r
5
120
25
145
7,006
5
103
27
131
6,922
5
7,239
5
7,043r
7,072r
7,011
6,927
7,244
-
140
-
-
646
-
246
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
Revised.
110
30
140
97
December 1974
r.APITAI, MOVRMRNTS
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, 1974
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Total .
long-term
claims
Europe:
Total
Loans
Other
Long-term
claims
payable in
foreign
currencies
Other Eastern Europe...............
273
114
225
97
40
58
8
138
26
13
90
331
105
27
177
223
20
13
47
30
273
108
225
97
34
58
8
138
26
13
90
331
104
27
177
223
20
12
47
30
249
106
217
86
32
58
8
134
26
7
88
230
103
27
177
219
1
1
*
24
2
9
10
2
*
*
5
*
6
1
101
1
*
4
6
*
5
*
*
2
-
Total Europe.....................
2,058
2,045
1,877
168
13
523
478
412
66
45
Other Latin American Republics.......
Netherlands Antilles and Surinam......
Other Latin America.......... .....
154
20
838
127
72
3
662
67
103
2
205
215
8
14
152
20
837
127
72
3
659
67
103
2
204
215
8
14
119
20
791
52
66
*
635
63
99
2
189
206
4
14
33
*
46
75
6
3
24
3
3
1
15
9
4
1
1
1
' 2
1
_
_
-
Total Latin America................
2,489
2,484
2,261
223
6
35
189
46
48
68
247
264
111
147
18
487
35
189
46
48
68
247
264
111
147
18
487
34
155
44
44
67
244
231
98
131
15
471
1
34
2
3
1
4
33
14
16
3
15
-
1,659
1,659
1,535
125
-
Other Africa......................
15
*
73
36
245
15
*
66
36
245
15
*
63
35
232
*
3
2
12
7
-
Total Africa......................
370
363
346
17
7
110
30
110
30
105
27
5
3
-
140
140
132
8
-
Total foreign countries..............
7,239
7,169
6,562
607
' 71
International and reg3,Qqq3,............
5
5
3
1
-
7,244
7,174
6,565
608
71
20
13
47
30
Turkey..........................
Yugoslavia.......................
Latin America:
Argentina........................
Bahamas........ ........... .
Brazil..........................
Chile...........................
Colombia.........................
Cuba............................
Panama..........................
Asia:
China, People's Republic of (China
China, Republic of (Taiwan).........
Hong Kong........................
India...........................
Indonesia........................
Israel..........................
Japan...........................
Korea...........................
Philippines......................
Other Asia.......................
Africa:
tofc...........................
South Africa......................
Other countries:
All other........................
*
Less than $500,000.
Treasury Bulletin
98
_________________________________ CAPITAL MOVEMENTS________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-1. - Liabilities by Type
(In millions of dollars)
Short-term liabilities
End of
calendar year
or quarter-end
month 1/
Total
liabilities
Total
Payable in
dollars
Payable in
foreign'
currencies
Long-term
liabilities
1957................
566
491
428
62
75
1958................
499
440
368
71
60
1959................
664
581
512
69
83
574
596
485
507
424
437
61 }
70 J
89
674
691
583
600
510
525
73
76 J
91
756
778
673
684
563
572
113
83
94
1960 2/.............
1961-Mar. _2/.........
June
£/.........
(
(
(
{
(
<
Dec.............
1962-June 2/.........
Dec. 2/.........
(
\
f
{
1963................
1964-June 2/.........
f
t
Dec.............
1965 1 / .............
1966................
1967 2/.............
1968................
1969 2/.............
1970................
1971 2/.............
1972 2/.............
(
111
833
678
569
109
155
778
817
626
665
527
551
99 ^
114 J
151
798
805
637
644
508
513
129 ^
130 J
161
775
626
479
148
148
763
725
622
585
471
441
151^1
144 J
140
807
700
556
144
107
810
600
210
* * )
f
136
\ 147
1,419
1,089
827
262
329
f 1,784
^ 1,815
1,371
1,386
1,027
1,039
343
347
414
2,737
1,608
1,225
382
1.129
f 3,511
{ 4,428
1,786
2,124
2,677
1,399
1,654
387
471
2,181
496
1,725
2,304
3,102
2,704
2,763
3,119
3,536
3,442"
2,229
2,301
2,635
3,024
27864
475
463
484
512
57$
5,780
r 5,863
^ 5,901
} 6,659
7,224
7,300
7,849
1973-June............
Sept............
8,221
Dec.............
8,619
1974-Mar.............
9,047
June p..........
Note:
Breaks in series arising from changes in
amount to $5 million or less for any year are
cases, only the figure comparable to that for
shown.
1/ Data are shown for calendar year ends and for
quarter ends for which figures are available.
3,760
4,219
4,695
5,374
reporting coverage which
not shown; in such
the following date is
most recent five
Data are also shown
428
3.159
3,138
3,540
3,688
3,857
3,041
720
4,089
782
3,437
4,003
900
3,795
3,924
4,351
1,024
3,673
for earlier quarter ends when the reporting coverage changed,
2/ Data on the two lines shown for this date differ because of
changes in reporting coverage. Figures on the first line are
comparable in coverage to those shown for the preceding date;
figures on the second line are comparable to those shown for
the following date, p Preliminary.
December 1974
99
_ ____________________________________________ CAPITAL MOVEMENTS_______________________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-2. - Short-Term Liabilities by Country
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country
1970
Eurppe:
Austria...................
Belgiuifr-Luxembourg..........
Denmark...................
Finland...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Portugal..................
Spain.....................
Sweden....................
United Kingdom.............
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada.....................
Latin America:
Bahamas 2/.................
Brazil....................
Chile.....................
Cuba.....................
Panama....................
Other Latin American Republics..
Netherlands Antilles & 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.....................
Philippines................
Thailand..................
Total Asia.................
Africa:
Egypt.....................
Morocco...................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Qfeter MHmtotefl;
Australia.................
All other.................
Total other countries........
Total foreign countries........
International and regional
8
46
2
2
126
139
4
77
128
5
13
24
34
159
4
1971 2/
1972 1/
June
Sept.
Dec.
2
83
7
4
167
164
15
121
109
14
4
81
13
105
4
1,107
7
2
*
3
2,012
215
2
81
19
4
166
188
24
103
113
13
4
72
25
81
3
781
17
3
6
16
1,722
2
129
18
~7
165
200
33
108
115
10
12
79
32
142
11
858
22
3
6
18
1,969
3
131
9
7
168
236
40
116
134
9
13
77
48
103
18
940
28
3
6
25
2,115
5
221
17
8
161
238
21
136
123
9
24
68
43
94
26
1,129
31
3
5
21
2,384
250
236
255
320
294 .
24
364
42
13
8
*
35
17
10
2
24
58
7
20
625
38
419
64
20
9
*
44
13
15
2
50
67
6
22
769
49
206
78
6
18
*
67
14
17
3
69
66
5
37
635
52
278
125
9
22
*
69
19
11
2
60
91
6
59
803
42
34
41
14
14
25
39
74
19
13
22
39
374
44
19
7
527
1,177
Mar.
June p.
12
387
18
9
5
65
2
2
136
117
4
103
69
5
16
65
17
104
2
890
3
2
*
4
1.611
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
*
3
221
5
66
2
2
142
117
4
108
/O
5
16
66
17
104
2
817
3
2
*
4
1.551
181
181
209
11
162
19
11
6
*
22
5
4
4
18
37
23
6
329
18
275
21
14
7
*
22
5
7
2
16
33
3
5
429
18
289
22
14
7
*
22
5
7
2
16
32
3
5
442
19
323
35
18
8
1
27
8
5
6
17
35
10
7
519
29
391
35
18
7
1
26
18
4
7
21
45
10
4
615
24
434
47
13
7
*
36
18
6
3
23
47
11
19
688
1
9
9
38
9
24
144
1
7
4
49
296
1
18
12
27
10
10
177
13
7
3
142
420
1
18
11
26
10
10
173
13
5
3
141
412
32
28
12
7
12
12
149
20
15
5
117
410
32
26
12
7
16
19
224
21
16
5
152
530
31
37
13
7
15
14
290
18
20
6
141
593
36
33
18
7
15
11
348
20
17
6
183
694
294
37
17
6
239
763
20
53
24
14
13
31
374
38
9
7
363
947
1
3
34
2
38
78
1
1
31
1
34
68
1
1
31
1
34
67
25
3
7
1
56
92
32
3
8
1
59
104
20
7
6
12
60
105
11
13
6
19
84
134
25
15
14
19
113
187
48
25
22
21
109
224
36
17
24
15
141
233
75
7
82
2,677
46
9
55
2,704
42
8
50
47
13
60
45
14
59
72
11
2,763
3,119
3,535
94
9
103
3,760
118
12
130
4,219
134
22
156
4,666
94
24
117
5,311
*
*
*
*
3,119
. ♦ 3,536
3,442
3,760
4,219
29
4,695
5,374
882
4
11
2
2
1.671
*
•*
*
2,677
2,704
2,763
1/ Data in two columns shown for this date differ because of changes
” in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
83
3,442
2/ Through December 31, 1972, Bermuda included with Bahamas.
* Less then $500,000.
p Preliminary,
20k
214
28
146
114
9
17
56
52
114
28
1,205
36
6
9
22
2,687
63
Treasury Bulletin
100
_________________________________CAPITAL MOVBMRWTfl.
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-3. - Short-Term Liabilities, by Type and Country, as of June 30, 1974
Preliminary
(Position in millions of dollars;
Total
short-term
liabilities
Country
Payable in
dollars
Payable in
foreign
currencies
Europe:
Italy.....................
Sweden..........■..........
Switzerland................
*
127
1
*
28
125
3
30
32
*
1
4
2
51
3
359
9
1
*
2
778
50
52
278
125
9
22
*
69
19
11
2
60
91
6
59
803
38
234
124
9
21
*
67
11
10
1
53
85
6
58
717
14
44
1
*
1
*
2
8
1
*
7
6
*
1
86
39
74
19
13
22
39
374
44
19
7
527
1,177
39
73
16
12
22
38
339
44
17
5
517
1,122
1
3
1
*
1
35
1
2
1
9
35
17
24
15
141
233
36
17
22
14
136
224
*
*
2
1
6
8
94
24
117
49
23
72
45
1
46
5,311
4,287
1,024
63
63
-
5,374
4,351
1,024
52
114
28
1,205
36
6
9
22
2,687
Latin America:
Argentina..................
Bahamas................... ,
Brazil...................
Chile.....................
Colombia,..................
Cuba......................
Mexico.....................
Panama....................
Peru......................
Uruguay........ ...........
Venezuela..................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America...... .
Asia:
China, People's Republic of
(China Mainland)....... .
China, Republic of (Taiwan)...
India.....................
1
|
Africa:
Egypt.....................
294
11
260
18
9
176
89
25
116
82
9
16
53
50
63
25
846
27
5
9
20
1,909
243
12
387
18
9
204
214
28
146
114
9
17
56
Belgium-Luxembourg..........
1
!
1
1
1
Other countries:
1
All other.................. 1
International
regional......
1
* Less than $500,000.
101
December 1974
________________________________ CAPITAL MOVEMENTS_________________________________
Section III - Liabilities to Foreigners Reported by Nonbanking Concerns in the United States
Table CM-III-4. - Long-Term Liabilities by Country
(Position at end of period in million^ of dollars)
Calendar year
,
1973
1974
Country
1970
Europe:
Austria...................
Belgiuia-Luxembourg..........
Denmark...................
Finland...................
France....................
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Portugal..................
Spain.....................
Sweden....................
Switzerland................
Turkey......... ..........
United Kingdom.............
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada.....................
1971 1/
June
Sept.
*
201
42
*
40
389
8
148
272
2
*
2
5
535
*
1,055
*
*
_
*
*
179
36
*
28
387
8 '
156
253
2
*
4
5
544
*
1,12C
* *
*
*
2,640
*
227
42
*
49
377
22
147
263
2
*
3
5
569
*
930
*
*
_
*
2,636
86
91
2,701
92
2,724
112
1972 1 /
*
254
43
*
78
348
20
152
236
*
*
3
*
475
*
949
*
*
Dec.
Mar.
1
174
14
*
261
41
*
261
41
111
614
*
161
140
*
7
5
5
424
*
1,087
*
5
72
558
19
201
164
*
4
5
3
453
890
*
*
_
2,670
81
553
19
201
164
*
4
5
3
455
_
866
*
*
_
2,652
72
73
.- G T
3
188
2
1
*
*
14
1
5
2
2
1
*
219
1
285
1
1
*
1
14
*
*
2
3
10
*
319
1
280
1
1
*
1
14
*
*
2
3
10
*
314
250
1
1
*
1
11
3
1
2
4
64
1
340
1
343
1
1
*
1
11
1
1
2
4
18
1
385
1
411
1
1
*
2
5
1
*
1
5
5
9
442
1
490
1
1
1
3
5
1
*
2
7
6
9
525
■*
*
*
*
_
5
30
*
1
*
5
42
_
*
*
*
_
5
39
*
1
*
1
47
_
*
*
*
_
5
39
*
1
*
1
47
*
*
1
*
6
481
*
5
*
1
495
*
*
1
1
*
6
482
*
5
*
1
497
*
*
1
1
*
*
570
*
6
*
*
1
1
*
*
_
*
6
*
*
*
•*
*
■*
_
6
*
*
*
6
*
*
2
1
*
*
7
7
*
*
*
7
1
1
'
1
-
6
7
7
6
6
3
8
,
21
*
45
*
45
*
74
*
74
*
99
*
121
*
*1
21
45
45
74
75
99
121
135!
3,688
3,857
_
4,089
2,747
67
i
2,560
2
218
38
*
52
358
20
158
247
*
*
3
5
55^
*
981
*
*
_
-
!
June p
2
180
39
*
23
397
6
158
253
2
*
5
26
535
*
1,159
*
*
_
*
2,783
240
1
*
4
28
525
*
1,164
*
*
_
*
2,745
115
109
1
1
1
3
4
*
*
2
9
5
9'
501 ,
1
323
3
1
1
_
3
4
*
*
2
9
5
5
357
1
287
3
1
1
4
4
*
*
2
8
5
4
319
*
1
1
1
*
8
501
*
6
*
2
521
*
1
1
1
*
9
533
*
7
*
2_
534
*
1
1
1
1
4
322
*
7
*
2
338
1
184
32
*
19
399
1
146
Latin America:
Chile.....................
Other Latin American Republics..
Netherlands Antilles & Surinam..
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
1/
1
3,138
3,540
_
3,138
3,102
3,159
3,540
Data in the two columns shown for this date differ because of changes
2/
in reporting coverage. Figures in the first column are comparable in
*
coverage to those shown for the preceding date; figures in the second
p
column are comparable to tnose shown for the following date.
3,102
_
3,159
_
1
1
1
2
587
1
*
8
622
*
6
*
2
642
-
1
466
;
i
j
1
•
j
'
j
2
*1
61
-1
1
9
4,003
*
2
*
6
*
1
9
2
*
5
*
1
126
*
154
*
8
127
155
3,924
3,924
3,673
4.003
4,089
2*688
hSS—
Through December 31, 1972, Bermuda included with Bahamas,
Less than $500,000.
Preliminary,
3,673
Treasury Bulletin
102
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
1In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
Payable in foreign currencies
Total claims
Total
1/
947
1957.
Payable in
dollars
777
Deposits with banks
abroad in reporter's
own name
Long-term
claims
Other short-term
claims payable in
foreign currencies
637
78
63
170
1958.
943
720
568
88
63
223
1959.
1,009
705
605
68
32
304
775
1,432
1,505
824
875
58
71
549
560
344
354
1,248
1,305
939
76
89
233
248
385
396
1,496
1,528
1,181
1,208
122
193
194
406
I960 2J.....
1961-Mar. 2/..
June 2/..
0 :859
633
701
0:
895
0 :934
968
126
399
Sept. 2/.
,099
1,646
192^1
1,664
1,323
1,340
131
0 :117
132
192 J
453
Dec....
2,138
1,636
1,335
150
151
502
443
1,807
1,974
1,475
1.598
178
208
153
168
704
636
1962-June 2 j ..
0 :678
Dec. 2/..
f 2,809
2,867
2,051
1,625
2,098
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 "I
200 J
816
June 2/..
r 3,048*1
^ 3,l6 4J
2,282
1,877
222
183
Dec. 2/..
2,854
2,131
2,188
1,739
1,778
201
191
^23
2,922
199
211
734
1964-June 2/..
f 3, 297
262^1
260 j
815
I 3'
Dec. 2/..
1965 2/.....
196 6
1967 2/.....
196 8
1969 2/.....
197 0
1971 2/.....
2,482
2,000
220
245
2,430
1,952
219
738
2,776
2,853
2,306
189
205
281
0 :934
2,338
2,000
310
f
I
766
882
962
1,081
565
438
2,397
2,299
167
166
229
1,911
3,884
2,628
2,225
167
236
1,256
483
581
2,946
3,011
2,529
2.599
201
216
209
1,537
1,570
5,572
5,
3,783
3,173
368
925
523
3,710
4.159
3,124
3,532
221
7,110
7,
4.160
5,185
5,004
{*
0 :
303
( 5:122
203
222
1,169
1,139
1,790
244
365
383
2,215
2,363
3,579
234
348
2,950
4,535
4,467
318
333
247
3.118
3.118
5,074
290
094
839
5,688
411
396
238
6,366
282
3,370
3,472
11,099
7,424
6,555
503
366
3,674
1973-June.
11,644
7,800
6,84C
535
425
3,844
Sept.
8,558
7,624
489
3,915
12,474
445
Dec..
10,608
9,642
412
4,045
14,653
554
1974-Mar..
436
530
4,037
1972 2/.....
0 ;
5,723
10,323
11,289
15,326
June p.
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; va such ^
cases, only the figure comparable to that for the following date is
shown •
•
1/ Data are shown for calendar year ends and for the most recent five
quarter ends for which figures are available. Data are also shown
2/
p
for earlier quarter ends when the reporting coverage changed.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date,
Preliminary.
103
December 1974
CAPITAL MOVEMENTS
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-2. - Short-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country
1970
1971 1/
1972 1/
June
Sept.
Dec.
17
106
46
44
310
284
51
237
118
18
49
244
71
101
34
1,559
49
15
77
27
3,457
16
152
37
42
412
337
87
327
111
22
112
414
74
90
41
1,846
30
19
57
22
4,248
17
139
27
80
537
345
76
402
133
36
101
432
106
75
46
1,871
41
23
69
28
4,582
Mar.
June p
Europe;
Belgium-Luxembourg..........
Other Eastern Europe.........
Total Europe...............
Canada.... .................
Latin America:
Chile.....................
Venezuela.
Other Latin American Republics..
Netherlands Antilles and Surinam
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
23
19
2,309
19
73
29
25
231
195
35
202
84
16
19
157
57
82
48
1,224
12
12
23
19
2,561
49
90
14
1,495
18
9
73
20
3,059
15
112
21
31
283
265
52
201
119
21
24
169
53
65
17
1,544
21
12
48
25
3,099
r
899
965
1,305
1,3a
1,251
1,532 i
1,580
54
366
148
46
45
1
151
21
34
5
81
99
9
24 _ •
1,084
59
520
175
33
41
1
180
19
40
4
89
91
12
23
1,289
79
662
172
34
39
1
181
85
36
4
92
95
13
34
1,527
60
766
183
29
36
1
203
83
34
5
101
103
11
90
1,705
65
746
208
34
43
1
185
102
37
5
104
127
9
105
1,771
75
633
230
42
40
1
235
120
49
5
143
134
12
214
1,932
94
765
409 1
78
44
1
260
178
67
6
143
172
12
158
2,386
94
1,007
523
64
51
1
262
187
61
5
173
172
16
138
2,754
*
11
77
40
29
47
27
494
46
64
24
207
1,066
48
77
44
32
52
11
120
47
37
54
38
821
8 .
184
65
36
51
38
1,142
109
87
53
260
2,034 j
3
119
68
38
67
37
977
124
86
54
10
47
17
11
150
209
28
163
62
16
15
81
40
47
8
698
17
9
1
23
1,652
14
62
15
18
208
192
35
191
69
13
16
125
40
63
9
957
13
13
14
13
2,080
14
60
15
18
202
192
34
186
68
13
16
124
40
63
9
947
13
13
14
13
2,052
769
909
781
61
188
120
48
37
1
156
18
36
6
67
99
9
29
874
55
366
150
47
46
1
151
21
34
5
81
101
9
24
1,09C
*
33
17
34
21
23
323
42
30
11
145
678
1
41
24
37
29
23
411
68
49
15
146
844
17
109
20
21
325
278
40
201
96
19
25
140
Asia:
China, People's Republic of
China, Republic of (Taiwan)...
Thailand..................
Africa:
Egypt.....................
1
41
23
35
28
22
405
68
48
15
144
830
9
3
30
3
47
92
9
3
41
6
97
156
9
2
41
6
97
155
80
15
94
83
19
102
80
17
98
4,159
5,182
5,000
*
67
24
33
33
456
63
49
15
201
972
1
65
33
34
48
31
468
67
59
23
206
1, 035
?8
633
55
70
28
207
1,274
105
i
,
|
;
73
28
238
1,571
i
1
!
1,496
7
3
53
5
73
140
16
4
52
8
90
170
23
3
51
15
94.
187
28
5
60
19
90
202
94
20
114
83
23
107
75
26
101
90
22
111
97
25
.. I??..
5,723
6,365
7,423
7,800
8,558
10,607
11,288
*
1
1
18
3
62
18
124 _
225
15
2
69
20
160
266
17
4
85
17
199
321
110
31
142 '
117
39
157
Other countries:
Total other countries........
Total foreign countries........
International and regional..... !
1
4
4
4,160
5,185
5,004
1
1
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; figures in the second
column are comparable to those shown for the following date.
1
1
5,723
6,366
1
7,424_
*
7,800
8,55&,
10,608
2/ Through December 31, 1972, Bermuda included with Bahamas,
* Less than $500,000.
p Preliminary,
11,289
Treasury Bulletin
104
______________________________ CAPITAL MOVEMENTS________________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-3. - Short-Term Claims, by Type and Country, as of June 30, 1974
Preliminary
(Position in millions of dollars)
Payable in foreign currencies
Total
short-term
claims
Country
Payable in
dollars
Deposits with banks abroad
in reporter*s cum name
Other short-term claims
payable in foreign currencies
Europe:
Finland...................
Italy.....................
Norway....................
Portugal..................
Sweden....................
Turkey....................
United Kingdom........... .
Other Western Europe..........
*
7
*
*
12
7
1
10
2
1
*
3
*
7
1
97
*
*
*
*
17
139
27
80
537
345
76
402
133
36
101
432
106
75
46
1,871
41
23
69
28
4,582
15
128
24
80
508
312
73
383
112
34
100
425
102
67
44
1,732
41
22
69
27
4,298
148
2
4
2
*
17
27
2
8
19
1
1
3
3
2
*
42
*
*
*
1
135
1,580
1,279
42
259
94
1,007
523
64
51
1
262
187
61
5
173
172
16
138
77
999
501
64
50
*
260
179
56
4
165
162
15
137
2,669
1
8
21
*
*
1
*
5
3
*
4
5
*
*
49
16
1
1
*
1
*
2
3
2
1
4
5
*
1
35
86
54
323
1,896
3
114
60
31
66
35
796
122
77
53
294
1,652
*
1
1
6
**
*
147
*
1
*
12
170
4
6
1
*
2
34
2
7
1
18
73
17
4
85
17
199
321
13
4
71
15
185
287
3
*
2
2
8
15
1
*
12
*
6
19
117
39
157
99
37
137
11
1
12
7
1
8
11,288
10,322
436
530
1
1
11,289
10,323
Latin America:
Chile.....................
1
1
Other Latin American Republics..
Netherlands Antilles and Surinam
2,754
Asia:
China, People’s Republic of
(China Mainland)....... J--China, Republic of (Taiwan)...
India.....................
1
1
3
119
68
38
67
37
977
124
Africa:
Other countries:
International "iVfi
v Less than $500,000.
.....
_
436
_
530
105
December 1974
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-4. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Type
_______________________________ m illio n s o i flonarfi )
End of
calendar year
or month
Payable in dollars
Deposits
Total
short-term
liquid
claims
Demand
r 917
V 844
1966................
1968................
Short-term
investments 1/
Total
973
rl,078
VI,163
1,638
r1,318
VI,491
1,141
rl,648
Vl,507
rl,965
Time
691
625
805
19
19
58
557
549
699
114
901
985
1,306
1,068
1,222
66
66
28
702
786
1,192
133
133
87
116
161
150
Total
57
48
951
1,062
40
90
86
69
92
88
59
50
51
49
77
77
222
49
49
60
76
86
121
120
68
42
68
227
219
168
45
177
178
332
250
269
294
354
302
350
408
45
174
183
173
234
234
307
340
4 31
V2,373
847
1,295
1,205
1,615
1,966
1973................
3,184
2,640
1973-Sept...........
3,285
2,991
3,239
3,184
2,858
3,260
3,701
2,649
2,393
2,666
2,640
2,571
2,328
2,602
78
66
64
636
598
Ai-76
573
2,603
37
544
2,343
2,688
3,126
3,040
3,126
3,127r
3,302r
2,987r
2,475
2,284
2,624
3,027
2,981
3,051
3,065r
3,228r
2,938r
2,446
59
65
99
60
515
437
431
365
368
358
W
t
331
36$
341
368r
362
1970................
1974-Jan............
Feb............
Mar........... .
3,588
3,684
3,677r
3,776r
3,500r
3,026
697
1,092
1,078
1,446
1,910
2,<303
Payable in foreign currencies
Deposits
Short-term
investments 1 /
Demand
Time
203
127
169
55
37
544
547
557
550r
474
512r
551
6k
74
49
29
161
148
136
113
149
203
218
209
451
572
575
76
113
i
227
181
133
144
189
I
Note:
Data represent the liquid assets abroad of larga nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
1 / Negotiable and other readily transferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
from the date on which the obligation was incurred by the foreigner.
2/ Data on the two lines shown for this date differ because of changes
in reporting coverage or classification. Figures on the first line are
comparable to those shown for the preceding date; figures on th^ second
line are comparable to those shown for the following date,
r Revised.
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
____________ (Position at end of period in millions of dollars)
Calendar year
Country
1970
1972 1 /
1971 1/
1974
1973
51
18
10
16
May
June
July
Aug.
36r
30r
6
10
7
8
1,419
30r
34r
10
9
9
6
1,442
6
23r
7
6
10
7
l,432r
2
20
5
5
9
7
1,190
927
828
870r
864
Sept.
6
12
31
15
6
7
372
14
39
4
22
3
6
577
14
39
3
22
3
6
580
21
23
5
16
2
21
702
34
25
13
17
2
21
912
6
1,128
23
17
7
10
8
8
1,442
436
587
443
485
535
775
980
144
259
259
459
562
597
754
814
935
635
406
58
77
77
132
137
299
285
282
305
317r
369
All other countries 2/.....
54
61
61
100
114
2T7
151
139r
167r
186r
148
Total..................
1,141
1,648
1,507
1,965
2,373
3,184
3,684
3,677r
3,776r
3,500r
3,026
Belgiunt-Luxembourg........
Italy..................
Netherlands.............
Bahamas 2 / ..............
Note: Data represent the liquid assets abroad of large nonbanking concems in the United States. They are a portion of the total claims
on foreigners reported by nonbanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
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
7
coverage to those shewn for the preceding date; figures in the second
column are comparable to those shown for the following date,
2/ Through December 31, 1972, Bermuda included with Bahamas,
2/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above,
r Revised.
Treasury Bulletin
106
_____________________________ CAPITAL MOVEMENTS_______________________________
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-6. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns,
by Type and Country, as of Septem ber 30, 1974
(Position in millions of dollars)
Payable in dollars
Country
France....................
Germany...................
Italy.....................
Netherlands................
United Kingdom.............
Canada....................
Total
short-term
liquid
claims
Total
Deposits
Payable in foreign currencies
Short-term
investments 1/
_
2
*
*
20
5
5
9
1
*
9
1
•*
-
9
7
1,190
8
2
8
2
_
1,114
1,114
864
650
624
Total
Deposits
Short-term
investments 1/
2
11
5
5
2
11
5
5
-
1
5
76
1
5
76
-
26
214
35
180
-
-
_
-
Bahamas...................
406
405
405
-
1
1
-
Japan....... .............
369
199
199
-
169
161
8
All other countries 7 j ....... |
Total.....................
148
87
84
3
61
60
1
3,026
2,475
2,446
29
551
362
189
Note:
Data represent the liquid assets abroad of large nonbanking concerns
on demand or having a contractual maturity of not more than one year
in the United States. They are a portion of the total claims on foreigners
from the date on which the obligation was incurred by the foreigner,
reported by nonbanking concerns in the United States and are included
2/ Includes the liquid claims of $500 thousand or more held by reporting
in the figures shown in Tables CM-IV-1 through CM-IV-3.
concerns in any country not listed above.
1/ Negotiable and other readily transferable foreign obligations payable
* Less than $500,000.
107
December 1974
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-7. - Long-Term Claims by Country
(Position at end of period in millions of dollars)
Calendar year
1973
1974
Country
1971 1/
1970
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.
Total Europe.
Canada.....................
Latin America:
Argentina.................
Bahamas 2/.................
Brazil....................
Chil*.....................
Colombia...................
Cuua.....................
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..
QftMr cpuBtries:
Australia...
All other...
Total other countries....
Total foreign countries....
ft&emalional and regional.
Grand total............
3
14
16
57
1
4
7
3
19
1
4
7
3
19
20
20
67
40
333
28
15
67
40
333
28
15
?
4
7
6
22
86
86
86
51
43
6
3
146
4
43
6
2
128
13
128
13
7
53
54
343
25
13
70
34
28
15
163
16
11
12
12
11
88
312
22
19
10
June
1972 1 /
2
7
7
7
6
26
7
43
55
366
28
16
65
34
29
27
187
16
12
7
7
4
6
53
9
39
73
379
34
15
59
29
49
27
174
14
6
Sept.
Dec.
8
8
8
10
10
4
6
52
13
39
74
381
35
15
58
27
52
25
2
6
45
14
37
70
340
30
13
55
25
53
26
285
2
3
53
13
25
67
345
33
24
64
337
25
12
11
211
12
12
1,089
875
894
949
56
129
146
252
19
65
147
249
53
131
145
253
20
12
9
73
44
9
79
45
18
18
39
239
1
3
1,045
833
71
3
183
66
66
4
174
71
25
187
261
216
236
238
38
9
60
29
30
2
23
143
34
9
60
29
28
4
30
225
4
174
217
34
9
60
29
28
4
30
225
59
8
I84
30
9
60
36
18
18
4
30
223
32
9
64
35
16
4
30
241
15
30
247
10
38
241
861
886
887
902
955
1,029
1,047
29
2
13
17
46
140
81
42
33
2
15
21
1
52
1
17
31
10
41
47
49
141
79
48
17
62
85
48
17
62
40
1
18
32
75
134
68
63
83
130
69
58
17
82
55
1
17
31
84
140
75
70
18
100
57
2
21
39
1
17
28
74
156
85
63
16
83
20
33
432
468
461
562
530
543
610
4
-*
2
*
64
59
5
4
1
6
#•
75
78
5
4
1
6
X
75
10
65
42
86
130
1,008
194
250
13
9
81
45
16
19
64
229
1
___ 2_
1,071
12
9
137
59
15
19
67
226
1
_______ 1_
1,055
56
4
30
92
128
75
83
18
16
16
88
25
91
123
78
89
17
92
598
591
4
1
1
72
19
1
— 22-
86
87
82
104
104
112
119
77
5
100
102
115
116
121
5
5
107
12
16
120
21
127
133
3,840
17
138
3,912
3,118
3,370
2,950
Data in the two columns shown for this date differ because of changes
in reporting coverage. Figures in the first column are comparable in
coverage to those shown for the preceding date; figures in the second
column are comparable to those shown for the following date.
46
29
184
249
100
18
1
80
2,950
6
*
50
2
1
74
JQ L.
16
1,129
767
16
362
11
761
16
40
25
1,070
20
669
136
52
22
992
5
878
15
12
54
25
27
26
370
15
6
24
16
832
2
7
14
1
5
54
14
5
15
__ 7
1,052
832
16
June p
10
854
944
Mar.
22
22
2
-22-
88
4
142
4,041
- ......
3,915
3,844
3,674
4,045
2/ Through December 31, 1972, Bermuda included with Bahamas.
* Less than $500,000.
p Preliminary.
53
6
26
115
122
84
81
17
95
614
4
1
24
5
______ g2123
121
22
-
143
4,032
A& J
108
Treasury Bulletin
^ apttat. m o v e m e n t s
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-1. - Foreign Purchases and Sales of Long-Term Domestic Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Corporate and other slecurities
Marketable Treasury bonds and notes
Net foreign purchases
Calendar year
or month
1955.....................
1959...........
1960...........
1961...........
1962...........
1963...........
1964...........
1965...........
1966...........
1967...........
196#...........
1969...........
1970...........
1971...........
1972...........
1973...........
1974-Jan.-0ct.p--
Foreign countries
Total
Official Other
insti
foreign
tutions ers
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-746
-2.37
524
-98
-20
-207
369
-59
-20
-245
48
-380
-115
-41
1,661
3,281
465
-821
29
-691
-486
-432
-45
157
-237r
1973-Oct........
1974-Jan........
Feb........
Mar......
Apr........
May........
June.......
July.......
Aug........
Sept. p.....
Oct.p......
15
-722
-506
-472
-37
-
-101
-172
-7
-
23
-37
-115
70
-73
-60
-
—
28
-
36
95
56
30
51
59
123
-119
-22
5
1
International
and
regional
Gross
foreign
purchases
Gross
foreign
sales
273
165
224
532
-521
302
-315
-151
1,224
1,217
1,730
1,744
1,780
1,867
1,149
1,077
680
585
443
528
691
2,414
4,358
2,738
2,375
1,188
528
1,603
1,231
2,508
1,196
1,487
1,153
1,296
629
932
574
634
742
1,043
2,433
3,120
-427
-121
-161
11
-25
130
57
-165
74
27
36
19
19
-39
-10
16r
-50
-3
14
-11
27
38
-13
-5
1
20
31
166
-82
29
-97
9
47
-82
32
260
149
117
59
422
264
225r
427
161
120
313
183
201
231
840
603
491
467
107
462r
455
261
97
350
298
132
1/ Data include transactions in issues of states and municipalities, and
of corporations and other agencies of the U.S. Government.
p
r
Net
foreign
purchases
Net
of
corporate foreign
and other purchases
securities
Bonds 1/
Gross
Gross
Net
Gross
foreign
foreign foreign
foreign
pairchases purchases
purchases sales
-39
435
252
223
60
207
-173
-375
678
1,070
4,234
2,688
1,582
1,435
4,068
4,759r
17
73
50
-99
-51
9
176
38
1,011
313
1,964
1,202
956
703
1,881
l,974r
361
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,807r
1,565
1,171
6,663
86
256
-23
263
13
188
222r
51
251
—6
269
180
134
-11
-138
-19
89
-144
. 139
203 r
66
242
-5
190
176
214
Stocks
439
466
462
741
459
777
549r
327
653
541
820
914
883
344
296
392
416
359
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,832
5,492
1
449
604
481
652
603
638
346r
261
410
546
629
737
669
-56
363
202
323
111
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,785
394
96
394
-4
174
157
49
19r
-15
8
-1
79
4
-80
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
11,626
14,361
12,762
6,435
1,369
1,482
873
976
743
896
577r
576
521
507
579
446
613
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
9,978
6,0a
1,272
1,088
878
802
586
846
559
591
513
508
500
443
693
Preliminary,
Revised
Table CM-V-2. - Foreign Purchases and Sales of Long-Term Foreign Securities by Type
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
or month
1958...............
1959...............
1960............... ‘
1961...............
1962...............
1963...............
1964...............
1965...............
1966...............
1967...............
1968...............
1969...............
1970...............
1971...............
1972...............
1973...............
1974-Jan.-Oct. p.....
1973-Oct............
Gross foreign
purchases
Gross foreign
sales
Net foreign
purchases
-1,363
-750
-645
-830
-1,048
-1,044
-728
-953
-685
-1,320
-1,695
-1,547
-915
-984
-622
-818
-1,650
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-1,779
889
946
883
802
1,093
991
915
1,198
1,778
2,024
2,306
1,552
1,490
1,687
1,901
1,474
856
1,915
1,458
1,445
1,262
2,037
2,086
1,843
2,440
2,692
3,187
3,686
2,581
2,441
2,621
2,932
2,467
2,635
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
129
1,656
1,527
-240
-236
-50
-238
-213
-65
-292
-45
-295
-219
-64
-197
-158
-155
-76
-276
97
104
144
71
100
102
103
89
74
94
59
77
86
336
317
209
-2
-22
15
2
-1
-16
34
-2
90
12
29
44
-63
129
156
159
209
206
167
189
173
207
128
146
143
89
131
178
144
207
206
183
155
174
117
116
117
99
152
-291
-46
-311
-185
-66
-108
Aug............
Sept. p.........
Oct. p..........
-146
-126
-32
-340
Preliminary.
Foreign stocks
Net foreign
purchases
Dec............
1974-Jan............
Feb............
Mar............
Apr............
May............
June...........
P
Foreign bonds
Net foreign
purchases
of foreign
securities
364
145
398
323
154
272
251
214
153
362
Gross foreign
purchases
Gross foreign
sales
109
December 1974
CAPITAL MOVEMENTS
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-3. - Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the united States)
Calendar year
1974
Country
1974
1972
1971
1973
through
Oct. p
May
July
June
Sept. p
Aug.
Oct. p
Europe:
*
-1
*
*
*
*
Turkey....................
*
*
*
*
*
*
*
-
*
-
-
1
4
3
*
*
*
*
1
1
-1
5
*
*
*
*
-
*
-
*
*
*
*
2
-2
-1
5
5
-
-
-
*
v
-
2
5
*
*
-
*
-
*
-
1
-
-4
2
1
-4
*
-1
1
•*
—
*
*
*
*
*
_
2
*
*
2
2
*
*
4
26
79
-1 5
150
-1 1
15
-4
-
-
2
-1
2
-1
-
-
-
*
-
-
-
-
*
-
-1 4 9
4
95
66
-2 9
-5
3
13
20
26
-
-
-
*
*
-
-
*
-
Other Western Europe...........
55
*
*
*
-
Other Eastern Europe...........
-1
-6 8
67
242
97
-2 8
-4
3
377
24
125
1
*
*
*
*
_
*
_
Canada...........................
-
5
-1 0
1
-4
-
5
-
*
-
17
5
29
2
-9 5
-5 0
1
-
-
-
*
*
_
*
_
_
_
_
_
•*
_
_
_
_
*
_
10
2
-
u
-
_
-
Latin America:
_
*
*
_
_
*
*
_
V
_
Bahamas 1 /
Chile.....................
Cuba...........................
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)....
India..........................
_
*
♦
_
*
-1
*
*
_
_
3
2
22
2
*
*
*
11
8
_
*
*
_
_
*
_
-
_
_
*
-
- 1 ,0 5 4
-3 2
•
*
_
_
*
*
_
*
-
*
*
1 ,6 4 2
_
*
*
2 ,6 6 4
_
_
_
_
*
_
_
_
*
*
*
7
_
2 ,6 6 3
_
*
*
2
_
1 ,6 6 2
_
_
_
_
_
_
_
_
_
*
_
*
*
20
2
-
*
_
♦
_
*
-*
1
*
-2 0
_
*
_
_
*
*
*
*
*
-
_
*
Korea..........................
Philippines....................
_
_
_
_
_
*
-*
_
171
2
_
*
*
173
- 1 ,0 5 4
1--------1
|
Africa:
Egypt..........................
Morocco........................
South Africa...................
Zaire..........................
-
-
_
_
_
_
_
_
_
_
_
_
Other Africa...............
-3 5
125
Total Africa............................
-3 5
125
*
25
V
-
-
-
1
25
*
•
1 ,5 4 2
3 ,2 5 8
470
-8 1 7
International..................
Latin American regional........
Asian regional.................
124
6
60
-1 8 5
20
70
-3
*
-
-
-
Total international and regional
130
57
-1 6 5
!
1,672
3 ,3 1 6
305
■
I
1
_
_
V
_
*
_
-1
*
_
*
_
*
-
-1
-
_
_
*
*
*
_
_
_
*
8
_
_
-
_
_
_
*
_
-
-
-
*
*
*
*
_
_
_
_
_
_
-3 2
-
-1
_
_
-
*
-
_
_
*
25
*
*
-5
-
-
25
-7
-
-
-
*
_
*
*
-5
*
-6
_
-
_
-
-
-
-
-
-
-
-
-
*
*-57
-3
14
-84
-33
38
32
-1 1 6
19
-6
15
-7 9
-4
-3
48
-1 6
_
-
-
-9 7
9
47
-8 2
32
-
-
-
-
*
Other countries:
All other.................................
Total other countries........
Total foreign countries........
International and regional:
Grand total.................
¥■
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
*
*
4
74
-7 4 2
'
-3
29
-28
-101
23
'
50
,
-37
*
-
-116 1
70
Treasury Bulletin
110
. CAPITAL MOVEMENTS,
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by Country
(Position at end of period in millions of dollars)
1974
Calendar year
Country
1971
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.
Total Europe.
Canada.................... .
1972
1973
June
May
July
Aug.
Sept. p
Oct. p
10
10
1
1
3
1
1
9
6
5
*
1
250
30
2
2
2
2
5
*
1
260
34
5
*
1
35
5
*
1
260
34
4
5
*
1
250
34
439
459
76
60
1
85
45
1
235
34
5
*
1
260
35
323
327
423
428r
424r
426r
71
71
71
71
71
71
76
5
480
__ 5_
547
558
5
819r
5
832r
849
851
5
849
756
854
706
883
707
4
3
23
3
36
3,497
260
*
181
789
582
823r
849
485
76
_____ 5 _
W ito America:
Argentina................
Bahamas l/...............
Brazil..................
Chilo...................
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.
Qt&er cguirtries:
Australia....
All other....
Total other countries..... .
Total foreign countries...... .
fofrerqatiQijal ^ regional:
International.............
Latin America regional.....
Asian regional............
Total international and regional
Grand total.............. ,
1,717
4,380
—
14
16
16
17
17
4
3
15
3
28
4,552
3,499
3,498
*3,497
3,498
3,497
2
2
2
2
2
____8__
_________8 _
4,391
4,563
3,510
8
3,510
133
133
157
158
157
157
25
25
25
&
2,404
5,661
126
30
186
28
_25_
6,131
1
48
*
1%
2,558
49
214
6,179
5,874
Note: Data represent estimated official and private holdings of marketable
U.S. Treasury securities with an original maturity of more than one
year. Data are based on a benchmark survey as of January 31, 1971 and
the monthly transactions reports.
174
41
*
214
5,594r
1/
*
p
r
____8_
3,509
____8_
3,509
3,509
3,509
157
157
158
158
152
152
152
152
152
152
25
25
25
25
25
253^7r
25
5,311
23
68
71
52
*
25
5,379r
_________ 8 _
2
5,376r
57
60
117
5,493r
___25_
_______
T390r
5,306
51
75
102
126
5,516r
71
*
173
5,479
91
5,364
Through December 31, 1972, Bermuda included with Bahamas.
Less than $500,000.
Preliminary,
Revised.
123
5,434~
111
December 1974
CAPITAL MOVEMENTS
Sections V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
1974
Calendar year
Country
1974
through
Oct. p
1971
1972
-1
7
2
2
15
35
*
5
-1
13
*
1
6
216
*
327
*
2
1
6
30
5
1
336
77
-1
48
74
31
*
4
2
135
-X
367
■*
188
1
4
11
6
1
201
-33
*
56
-19
46
*
3
28
333r
-1
275
317
*
-2
-11
5
*
91
34
*
-12
186
3
1
2
3
*4
*
315
-47
*
631
37
1,303
' ' 42
l,230r
49
653
44
1
21
*
*
*
-2
1
*
1
1
*
-3
*
1
25
*
*
1
_
-2
3
*
*
*
*
-7
*
*
18
1
*
*
_
-1
*
*
19
22
44
*
3
*
*
*
6
*
-1
*
-11
-2
*
4
*
8
*
*
-1
580
*
*
*
*
1973
Europe:
Italy.....................
Netherlands................
Norway....................
Portugal..................
Sweden....................
Switzerland................
Turkey....................
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Quads.....................
Latin America:
Bahamas 1/.................
Brazil....................
Chile....................
Colombia...................
Cuba.....................
Panama....................
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.................
Africa:
Egypt.....................
Morocco...................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Qther countries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
InternatiQAal..and regional,:
International..............
European regional............
Latin American regional......
Asian regional.............
Total international and regional
Grand total.................
X
*>r
_
"
•*
-21
*
-21
665“
39
*
_
313
*
*
6
323
*
*
*
2
*
*
10
1
*
-2
-1
*
*
*
*
1
6
-5
13
i4..
*
*
*
_
*
_
*
-1
*
1
*
3
*
*
*
*
1
*
*
-1
2
*
*
l
*
*
*
*
-l
*
*
l
*
5
*
5
21
2
*
1
*
*
*
-1
*
2
1
*
-4
*
*
*
-3
-2
*
*
200
199
-1
*
*
_
1
-15
_
_
*
3
•*
1
*
*
*
6
7
*
*
-
588
-1
3
*
*
1
-245
*
*
*
307
65
*
-
_
_
*
_
_
*
_
_
*
*
X
X
X
2
*
X
10
*
10
10
797
l,922r
52
-
*
52
l,975r
Note: Data include transactions in issues of states and municipalities,
and of corporations and other agencies of the U.S. Government.
3/ Through December 31, 1972, Bermuda included with Bahamas.
_
_
•X
X
-
*
*
X
-
10
*
*
10
123
*
*
*
*
*
*
69
*
*
187
226
46
136
-3
-
56
-
-128
-
-36
-
114
79
-
_
_
-3
56
-128
-36
16
130
79
66
242
-5
190
176
214
X
—
*
370
1,168
p
*
r
-15
_
*
-
x
*
*
*
*
*
*
100
100
*
_
354
16
X
_
_
_
■*
10
*
1,8*1
•*
*
1
*
1
1
-1
-1
*
*
1
2
54
-3
55
2
X
X
703
“
59
3
X
1
2
36
-11
100
""I..
*
2
1
*
1
*
*
-1
1
*
*
*
*
-1
29
-12
*
4
*
*
39
M
.
X
1
15
*
64
-1(S
185
1
X
Sept.p
5
_
3
148
-
-2
1
*
-1
2
*
-2
72
2
1
Oct. p
Aug.
5
X
1
*
8
16
_
-
*
-2
1
*
5
3
*
-1
116
*
*
*
-1
*
1
2
*
*
*
145
*
*
-1
1
*
10
*
*
*
*
■*
*
1
28
*
19
-
2
1
*
-1
-2
*
3
4
*
1
2
*
14
2
25
_
2
2
*
July
*
*
*
_
_
*
*
*
*
*
5
4
1,733
June
*
*
*
*
*
*
1
*
*
*
1
*
4
*
X
May
Preliminary.
Less than $500,000.
Revised.
-
.
-
_
-
Treasury Bulletin
112
______________________ CAPITAL MOVEMENTS_______________________
Section 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
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
197 4
Country
1974
1 971
1972
through
Oct. p
1973
May
June
July
Aug.
-1
46
-5
*
185
24
6
-4
312
-9
2
-3
-2
81
-2
-1 4 6
*
-1
-9
*
*
18
7
*
1
29
1
*
*
■*
5
-2
-3 6
*
*
*
*
*
*
9
-2
*
*
-1 2
*
*
1
-5
*
*
9
*
*
5
-
-
-
19
18
*
1
16
*
*
*
*
15
9
*
*
-9
17
1
-1
21
*
1
*
-1
-6
*
-2 1
*
*
*
493
19
16
3
65
-7
13
10
14
*
-1 1
*
*
•*
_
-3
*
*
_
Sept. p
Oct. p
Europe.:
Italy.....................
Canada,,
Latin America:
T...........
Chilp...............................................................
Other Latin American Republics..
Netherlands Antilles and Surinam
Asia:
China, People's Republic of
(China Mainland)...........
India...............................................................
Africa:
Egypt.....................
3
38
-1
-7
87
131
-1
32
219
2
5
6
-3
168
-2
-4 9
-1
*
1
4
51
6
1
372
-5 1
10
36
297
-1
23
6
-4
642
2
561
*
13
152
*
*
3
*
*
439
2
18
45
339
11
9
11
*
685
3
36 6
6
7
*
627
1 ,9 5 8
2 ,1 0 4
-9 3
-7 8
99
-3
46
-1
-1
*
*
-6
5
-1
-1
-4
-7
13
*
-1 7
*
X
*
*
*
-5 8
*
*
*
_
-1
-7
*
*
*
_
6
14
4
*
1
*
*
*
-1
*
-3
-1
5
*
*
-1
5
-3
*
-1
-7
13
-3 5
-7
37
*
•*
50
-2
*
*
48
*
19
-1
1
-2
-3
H
F ””
2
-3 5
31
3
1
-1 3
10
-2
-3 2
-1
-3 8
-1 5
*
1
56
*
-1
23
*
-1
4
495
*
*
-1 9
*
*
-2
*
-2
2
-2
4
159
*
4
*
11
34
1
-1
60
108
256
577
*
*
*
*
1
*
*
-1
*
-1
-1
*
-5
*
2
-9
*
*
*
-1
-4
-2
*
*
-1
*
*
-2
-6
_
*
-4
*
■*
*
-5 0
-1
1
#
19
-1 3
*
-5 2
-1 4
*
*
4
_
-1 5
8
*
-3
33
-2
*
1
-*
11
*
-1 8
*
1
-
*
-5
*
•*
*
_
•*
-1
13
5
-*
-2
39
-1
-1
1
-1
- 9
*
-4 8
*
*
-
*
*
*
*
*
_
l
-l
-5 5
*
1
*
*
-8 7
3
*
1
*
*
*
_
6
*
-1
2
2
2
-6
3
7
*
*
*
12
1
1
-1
-7
-2
9
4
2
_
*
_
*
-5
*
*
*
-1 1
*
*
*
-3
-6
-3
*
*
*
-1
_
*
-1
*
*
*
*
*
*
*
*
*
-2
5
-1 0
-6
9
-4
*
* .
-1 6
*
<
*
5
-1 5
_
a
*
*
2
-1 4
1
-1
*
*
*
_
_
_
*
*
.
*
*
1
-1
*
-8
3
4
*
*
*
-
-9
*
*
*
*
*
*
*
*
*
-9
1
*
1
■*
1
*
-2
*
*
.*
V*
*
*
*
*
*
*
*•
-7
*
*
3
1
*
*
-1
*
*
*
T ......
4
1
9
-1
2
-2
1
-3 9
*
1
*
*
*
1
*
*
*
2
*
-1
“
-1
6
*
*
17
-3 0
*
_
_
*
*
Other countries:
International and regional:
Internat tonal..............
Asian regional.............
African regional............
Total international and regional
Grand total.................
1/
-2
-1
*
4
*
677
2 ,1 0 2
2 ,7 7 6
382
-1 6
53
85
1
-
*
1
*
54
86
731
2 ,1 8 8
Through December 31, 1972, Bermuda included with Bahamas.
Preliminary.
Less than $500,000.
8
1
*
9
2 ,7 8 5
12
*
*
12
394
1
1
-1 5
6
1
1
1
-1
80
4
2
2
1
1
8
-1
-1
-1
79
-1
-1
4
-2
-8 3
3
3
-8 0
December 1974
____________________________________________ .CAPITAL MAvir.Mir.TJTg
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
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 year
1974
Country
1971
1972
1974
through
Oct. p
1973
Europe:
Italy.....................
United Kingdom.............
-5
*
1
29
7
-12
35
-4
-2
32
18
6
2
9
3
55
*
3
3
-*
*
*
5
11
-17
17
4
*
31
1
10
1
3
2
-24
-30
-1
*
*
-7
5
2
-18
2
*
8
-27
2
1
*
-50
-7
*
-95
*
-15
*
32
-395
185
-777
13
-721
-199
-1,349
-22
7
-1
5
2
*
-12
-5
1
3
12
-2
7
28
-98
-33
2
-19
*
-20
10
1
-91
1
*
1
*
22
*
-4
8
-47
1
4
1
_
-90
1
2
2
8
-2
16
*
-8
-97
1
-3
9
1
*
-15
*
10
11
2
*
4
-1
36
*
-19
-
Other Western Europe.........
Other Eastern Europe.........
Total Europe...............
Canada,,,,,,,, TT.T.... T.... T_T_
Latin America:
Argentina.................
Bahamas 1/ ................
Chil-....................
Colombia,,,................
Cuba.....................
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.....................
Israel....................
Korea.....................
Philippines................
Thailand..................
Other Asia.................
Total Asia.................
Africa:
Egypt......................................................................................
Morocco...............................................................................
South Africa...............
Zaire.....................
Other Africa...............
Total Africa...............
Qfther coyiflries:
Australia.................
All other.................
Total other countries........
Total foreign countries........
International and regional:
-
-*
9
2
-6
-209
-6
-24
*
*
2
-232
_
_
3
_
*
13
1
-3
-215
31
-12
-50
*
15
-220
*
*
*
_
May
July
Aug.
*
-2
*
*
-23
1
*
*
*
*
*
*
-1
-2
*
-1
*
*
3
*
*
*
1
*
*
*
*
*
-15
*
-15
-26
-1
1
*
-16
*
*
*
1
*
*
-3
-3
-15
-5
_
-41
-120
-33
-101
-11
-121
*
-9
*
*
*
_
2
*
1
*
*
*
*
1
*
-5
*
*
*
_
2
*
1
•*
*
*
*
*
-4
_
*
*
_
*
*
*
1
1
1
*•
-1
*
-2
*
-16
*
4
*
4
-1
-6
6
-108
4
*
-8
*
*
*
_
2
*
*
*
1
*
-10
*
-63
-14
-12
*
*
*
-235
19
*
1
*
1
-225
_
*
*
_
_
-19
3
1
7
1
-
*
-4
4
2
-432
66
_
1
*
3
-360
_
*
_
3
_
_
*
_
June
*
*
_
_
-
-6
*
_
-
*
-2
*
*
9
*
*
*
-29
-1
*
*
-4
-5
*
-5
*
-7
_
*
Oct. p
1
*
1
10
-1
2
*
*
*
*
-1
2
*
-13
*
*
-43
-37
-248
*
-11
*
*
*
_
1
*
*
*
1
*
*
*
*
-2
*
*
*
6
1
*
*
*
*
2
*
*
-7
*
-1
*
1
1
*
*
*
*
2
1
-2
-8
6
-3
_
*
-1
_
*
*
_
-12
*
_
_
*
-
*
-28
2
-19
2
-11
-31
1
_
3
-39
1
_
1
*
*
*
*
*
*
-16
-38
-27
_
_
*
*
_
_
Sept. p
_
_
_
_
_
4
_
_
_
_
_
*
*
*
*
*
-17
-18
-30
*
_
_
_
"
_
-58
-55
-61
-60
5
6
3
3
*■
*
2
2
*
*
*
*
1
1
*
*
28
6
28
8
36
*
*
2
1
~62*
-1,134
3
-69
1
-200
3
-159
1
*
1
-156
*
3
-938
12
7
19
" -I,SIT
2
*
34
26
6
32
3
-88
1
1
2
-278
International..............
European regional..... .....
Latin American regional......
Asian regional.............
-277
*
16
-50
-124
3
28
*
108
5
28
*
32
2
-1
-
-1
*
5
-
3
*
1
*
12
*
_
2
*
_
-
*
1
*
-
-
-
-
Total international and regional
-311
-93
141
33
5
3
1
2
12
2
Grand total.........................................................................
-935
-1,031
-993
-1,781
-64
-197
-158
-155
-76
-276
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,OCX).
_
_
Treasury Bulletin
114
_____________________ 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 indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1974
1 1974
Country
1972
1973
*
2
6
*
16
1971
through
Oct. p
Europe:
-2
23
*
*
-24
-10
8
34
*
*
France....................
*
Italy.....................
Portugal..................
Turkey....................
Yugoslavia.................
Other Western Europe.........
Other Eastern Europe.........
C a n a d a . t,,,,,,,, Tt,
Latin America:
t,,
Bahamas l/.....
Chile.....................
Cuba.............. .......
Panama....................
Peru.....................
Uruguay...................
Venezuela.................
Other Latin American Republics..
Netherlands Antilles and Surinam
Other Latin America.........
Asia:
China, People's Republic of
(China Mainland)...........
China, Republic of (Taiwan)...
Hong Kong.................
India.....................
Israel....................
Korea.....................
Philippines................
Total Asia.................
Africa:
Egypt.....................
Morocco...................
Other Africa...............
Total Africa...............
Qfther countries:
Australia.................
All other.................
Total other countries........
Total foreign countries.........
IiflematiQiial aiyi regional:
International..............
European regional...........
Asian regional.............
Total international and regional
Grand total.................
1
*
-33
1
1
164
73
*
6
320
120
142
*
-188
*
*
-154
152
-2
1
-4
*
85
*
26
*
*
-
-1
1
*
-12
1
9
-1
-9
-4
*
*
_
-1
-1
3
-1
*
*
_
*
*
_
-6
1
-1
6
2
*
*
*
*
-2
2
-1
2
-
*
-9
*
-
-10
1
-6
1
*
-4
*
_
-9
8
*
1
28
*
*
3
*
-15
*
-289
*
-1
-6
*
*
*
4
*
*
*
*
2
*
*
*
*
4
*
*
*
*
-8
-6
-2
-4
*•
-
-26
*
-37
-2
*
*
-2
-2
*
*
*
1
-18
*
-1
*
-8
-2
1
6
-38
28
-12
9
-8
-
-
-125
*
*
19
*
*
-7
188
*
-2
-1
-2
•*
*
*
*
-134
-76
*
-5
193
-1
*
*
-6
-
-9
*
*
3
*
*
-26
-52
*
-
-11
18
-
1
53
-1
*
*
*
-337
-2
*
*
-1
*
*
3
459
-
*
*
*
33
*
_
*
*
_
*
*
*
-1
-1
-2
*
*
-
*#
-l'
132
*
-20
*
-30
-7
_
*
_
1
-1
*
_
*
*
*
*
*
_
*
_
*
*
_
*
*
_
_
*
*
_
*
*
*
*
-1
-1
2
*
*
_
*
50
_
*
*
_
*
59
_
_
*
*
_
*
38
_
_
*
*
_
_
*
*
_
_
¥■
*
*
*
*
59
39
12
50
-
_
*
_
_
_
_
*
-1
-2
-8
*
*
*
-5
*
_
_
_
-2
-1
-1
_
*
-6
-3
-9
*
*
*
-2
*
*
-2
-2
-3
*
1
1
*
1
-1
-
-
-
_
-1
2
_
1
11
_
_
-2
_
_
-1
*
*
-1
*
-1
*
*
*
*
*
-2
-3
1
1
1
-1
*
*
*
-49
406
177
129
-2
90
12
29
*
*
44
1
3
-
-2
-
_
_
-
*
*
-
-
-
1
*
*
3
-2
*
-
-
-
1
-
_
-
-
-49
409
176
129
-2
90
12
29
44
1/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
*
*
_
1
-1
*
-
4
-2
131
_
-81
*
*
26
-
7
*
*
*
*
_
1
*
_
*
*
*
450
*
-24
-5
-1
*
*
-
6
*
-
-1
-1
-
9
*
*
*
*
-4
*
*
-2
*
1
-1
*
*
*
*
*
*
3
*
*
*
*
-4
-74
*
1
-6
*
1
*
*
-9
*
_
1
*
*
*
-4
-18
-
1
1
-
*
*
*
*
*
-
*
-
Oct. p
-1
*
*
*
-1
Sept. p
-
*
*
*
_
*
*
*
*
*
*
*
-5
-5
Aug.
2
*
*
-67
*
*
*
4
*
*
*
*
*
*
*
July
*
*
2
June
-6
-11
70
*
*
-3
*
25
*
-75
*
*
*
May
-63
_
_
-
-63
115
December 1974
___________________ CAPITAL MOVEMENTS_______________________
Section V - Transactions in Long-Term Securities by Foreigners
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, DuringOctober 1974Preliminary
(In millions of dollars)____________________________
Gross purchases by foreigners
Domestic securities
Foreign securities
Country
Europe:
Austria.....................
Belgiura-Luxembourg............
Denmark.....................
Finland.....................
France.....................
Germany.....................
Greece.....................
Italy......................
Netherlands.................
Norway......................
Portugal....................
Spain......................
Sweden.....................
Switzerland.............. .
Turkey.....................
United Kingdom...............
Yugoslavia..................
Other Western Europe..........
Other Eastern Europe..........
Total Europe............ .....
Canada.......................
Latin America:
Bahamas.....................
Chile......................
Colombia....................
Panama............. ........
Uruguay.....................
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...................
*
Less than $500,000.
Marketable
Total
Treasury
purchases bonds and
notes
Corporate and
other
Bonds
Bonds
1
19
*
*
75
79
4
7
25
3
2
5
1
130
*
81
*
5
*
*
773
*
7
*
*
13
4
*
3
1
*
*
*
1
15
166
*
210
437
*
6
*
1
12
1
3
*
*
*
*
*
7
12
*
42
Total
sales
167
1
47
'6 r
."25
2
7
*
*
1
9
20
*
1
4
1
40
25
*
*
*
13
-
*
1
*
*
*
*
15
*
1
*
9
-*
111
13
_
*
6
*
*
3
45
*
*
*
111
166
_
*
_
_
*
3
*
2
2
*
*
4
*
*
*
*
7
14
*
33
-"35“ " *
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Stocks
2
2
*
*
2
*
2
41
50
1
34
3
1
105
86
4
13
33
3
3
6
2
160
*
313
*
5
*
*
Stocks
Gross sales by foreigners
Domestic securities
2
23
1
1
76
114
1
12
20
4
1
8
3
205
*
423
*
10
899
3§9""
Bonds
Stocks
*
*
*
*
6
15
21
5
*
1
4
3
*
4
2
*
*
1
14
159
5
197
2
12
*
58
109
1
6
16
3
1
7
1
169
135
*
4
525
*
5
_
2
2
1
1
*
*
*
1
5
*
25
*
42
114
*
30
62
273
24
1
5
*
*
*
2
4
*
*
4
*
23
18
*
7
1
*
1
*
*
*
*
*
*
*
1
*
*
1
*
_
11
*
*
*
1
*
*
1
11
88
*
1
-
6
*
*
1
8
3
*
1
3
*
16
21
*
l
*
*
*
l
l
*
*
*
*
2
2
*
*
*
*
*
*
*
*
*
l
2
1
13
*
2
*
3
20
*
*
4
1
32
19
5
-
*
*
1
*•
16
*
*
*
*
4
*
27
59
7
4
96
5
22
58
10
2
*
5
*
*
1
23
*
*
*
11
40
_
*
*
*
*
*
*
*
*
*
_
*
100
101
_
*
_
_
1
19
_
*
*
*
21
_
*
7
*
*
33
29
*
*
*
6
75
_
_
*
_
*
*
*
*
*
*
_
*
*
1
_
*
6
*
*
1
18
*
*
*
5
30
_
*
_
_
32
2
_
_
_
*
*
*
_
*
8
*
*
35
9
*
3
*
1
_
_
_
-
_
_
_
*
9
*
4
*
1
_
_
4
3
13
_
_
_
*
*
_
_
_
_
*■
_
*
_
*
9
*
*
*
*
-
_
_
*
*
_
3
_
*
4
*
*
*
1
1
10
-
4
4
1
5
*
*
*
*
*
2
*
*
*
4
*
_
-
_
-
4
*
_
_
2
1
1
2
-
1,225
.Z i
605
82
89
4
1,476
26
250
*
*
647
*
_
137
_
498
_
_
_
498
8
_
4
*
_
_
_
_
_
_
516
_
16
_
89
_
16
_
419
_
_
_
-
-
883
613
_
-
-
-
-
647
1,473
137
201
'""555“
i
_
8
-
1
3
*
*
5
4
"'"“ 46“.
89
-
532
2,008
-
105
132
-
419
4
" 558'"
-3ST
*
*
*
*
*
*
*
152
5
-
3
_
_
_
_
_
-
-
-
5
693
_
3
362
_
_
152
116
Treasury Bulletin
______________________________._______________CAPITAL M O V E M E N T S _ _ ________________________________ ____
Section V - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-V-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1973
(In millions of dollars)
Country
Gross purchases by foreigners
Domestic securities
Foreign securities
Marketable
Corporate and
Total
Treasury
other
purchases bonds and
Bonds
Stocks
notes
Bonds Stocks
Europe:
Austria.....................
‘Belgium- Luxembourg............
38
820
33
Finland.....................
11
France.....................
1,799
Germany.....................
787
Greece.....................
29
Italy...................... 1
423
Netherlands.................
914
Norway.....................
100
Portugal....................
17
Spain......................
66
Sweden......................
224
Switzerland..................
4,315r
Turkey......................
6
United Kingdom............... i 4,355
Yugoslavia..................
7
Other Western Europe.......... ,
360
*
Other Eastern Europe..........
*
Total Europe.................
14,303r
Canada.......................
2,543
Latin America:
42
Argentina...................
7
Brazil......................
4
Chile......................
5
Colombia....................
*
Cuba.......................
109
Mexico......................
118
Panama......................
5
Peru.......................
6
Uruguay.....................
51
Venezuela...................
22
Other Latin American Republics.... '
Bahamas and Bermuda..........
303
363
Netherlands Antilles and Surinam..
260
Other Latin America........... !
1,296
Total Latin America...........
Asia:
China, People's Republic of
*
(China Mainland)............
2
China, Republic of (Taiwan).....
249
Hong Kong................ .
5
India......................
2
Indonesia...................
74
Israel.....................
4,063
Japan......................
2
Korea......................
7
Philippines.................
1
Thailand....................
139
Other Asia..................
4,543
Total Asia..................
Africa:
*
Egypt......................
1
Morocco.....................
8
South Africa.................
*
Zaire......................
62
Other Africa.................
71
Total Africa.................
Other countries:
53
Australia...................
10
All other.......... .........
.
6?.
Total other countries.........
22,818r
Total foreign countries.........
International and regional:
International................
1,628
6
European regional.............
58
Latin American regional........
1
Asian regional...............
African regional..............
Total international and regional.. .u r n
Grand total............ ........
24,511r
* Less than $500,Ot)0.
r Revised.
_
1
•*
1
1
_
*
*
5
_
*
150
3
_
360
12
*
7
110
6
1
250
139
1
143
26
47
*
7
47
617r
*
1,812
_
320
*
31
611
12
1
1,451
589
27
218
763
36
15
49
25
3,517
6
1,802
7
27
*
*
59
13
9
45
45
*
48
19
11
2
6
2
91
.
250
_
1
_
601
*
40
2
*
52
13
1
13
105
1
*
4
*
88
_
131
*
*
*
Gross sales by foreigners
Domestic securities
Foreign securities
Marketable Corporate and
Treasury
other
bonds and
notes
Bonds Stocks
Total
sales
*
*
*
*
*
_
*
*
*
_
*
*
14
.
264
_
12
_
*
10.866
2,940
291
6
21
636
14
26
1,174
825
10
290
520
29
8
48
44
3,344
4
3,835
*
37
Bonds
Stocks
3
99
*
*
49
172
*
87
45
2
*
4
18
284
1
1,536
.
2
_
2,302
18
459
12
1
1,012
588
9
173
424
25
6
38
25
2,833
3
1,436
*
20
_
*
*
54
1
25
28
41
*
17
18
1
1
3
*
115
_
279
_
2
_
*
*
24
1
*
85
24
*
12
32
1
1
3
*
99
*
319
*
7,083
587
*
354
449
654
184
1,174
1,075
603
502
*
*
*
3
2
*
*
1
7
1
1
*
*
10
3
*
*
3
1
31
19
19
88
11
2
1
2
*
51
94
2
4
31
16
228
318
213
972
30
4
2
2
*
41
13
4
1
11
3
26
10
21
166
*
*
*
*
7
8
*
*
3
*
18
16
7
61
15
40
1
24
*
123
93
4
4
41
22
396
393
209
1,365
*
*
*
*
*
*
*
*
*
*
1
*
*
*
11
3
*
*
2
*
12
11
3
44
11
2
1
3
*
45
74
2
3
34
20
245
353
182
974
2
37
*
21
61
3
*
1
3
2
124
6
15
274
1
1
*
*
6
13
1
■*
2
*
15
24
9
73
*
1,627
2
*
1,630
*
13
*
1
980
*
*
5
999
*
1
190
1
1
18
877
*
3
1
123
1,214
*
10
4
2
39
80
2
*
9
146
*
34
*
*
16
499
3
*
3
555
*
3
203
1
2
509
2,563
2
7
2
82
3,373
1,456
1
1,457
*
5
*
*
2
400
*
*
*
4
411
*
3
167
1
2
14
382
2
2
2
63
637
*
15
*
471
14
1
5
506
*
16
*
*
23
310
*
4
*
8
362
50
50
*
*
*
1
1
*
1
2
*
5
8
*
6
6
6
*
1
*
15
*
30
47
25
25
*
*
*
1
*
7
*
4
12
*
*
8
*
1
9
*
*
10
*
9
1
10
30
8
3
*
14
1
15
*
*
*
*
*
9
1
10
2
2
18,606
1,779
2,942
9,889
2,444
2
1,552
1,646
*
10
1
-
644
10
-
890
*
-
88
*
1
-
22
*
*
*
-
2
*
-
*
1,658
88
20,264
654
2,433
891
1,729
3.832
9,978
.. 22...
2.467
533
29
2,249
459
30
489
2,738
3,533r
233
9,187
1,273
11
4,864r 12.665
. 38.
1,310
96
1
1
-
130
5
28
*
-
943 ___ 97.
5,807r 12,762
1,474
943
-
,1& L .
7
J.
1,729
*
-
2
*
2
1,554
117
December 1974
CAPITAL MOVEMENTS.
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-1. - Foreign Credit Balances (Due to Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
[
1973
1974
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.........
Total Europe................
Canada.....................
Latin America:
Argentina..................
Bahamas \J.................
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.......... I.......
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......
Grand total....... ...........
1969
1970
1971
1972
2
19
*
*
18
H
*
8
12
1
*
3
1
153
*
61
*
1
*
*
1
17
1
*
26
17
1
16
14
1
*
6
1
100
*
40
*
1
_
*
*
14
*
*
19
15
*
10
10
1
*
1
21
*
*
47
22
*
24
10
2
*
5
1
90
*
57
*
1
_
*
1
9
*
*
30
22
*
13
7
1
*
1
1
76
*
35
*
1
_
*
294
52
243
36
193
56
281
198
31
1
34
*
*
*
*
3
3
1
1
5
1
14
*
1
15
*
*
*
*
3
3
*
1
5
1
11
*
1
19
1
*
*
*
4
2
*
1
2
3
10
*
3
9
*
*
*
*
3
3
*
1
3
1
12
*
64
40
43
36
1
9
*
*
*
*
3
3
*
*
2
1
13
7
39
*
*
10
*
*
*
*
*
3
*
7
21
*
19
*
*
*
1
*
2
*
5
27
_
*
9
*
*
1
1
*
1
*
4
17
*
12
*
*
1
4
*
1
*
3
20
*
13
*
*
1
1
*
1
*
4
20
*
*
*
*
1
1
*
*
*
*
1
2
*
*
*
*
1
1
*
*
*
*
*
1
1
*
1
4
1
73
*
43
*
1
_
*
34
1
1
1
434
349
311
372
-
434
_
349
-
311
Note- 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
i
June
Sept.p
*
12
*
*
22
20
*
30
5
1
*
8
*
103
*
50
*
1
*
*
11
*
*
22
18
*
15
4
1
*
6
*
84
*
40
*
1
_
*
254
204
24 [
,
-------
20
*
11
*
*
25
22
*
36
6
1
*
8
1
101
*
'60
*
1
*
242
*
274
24
29
1
10
*
*
*
*
2
3
*
*
3
1
15
7
42
1
15
*
*
*
*
5
4
*
1
3
1
20
5
56
*
*
13
*
*
1
1
*
*
*
4
19
*
*
14
*
*
1
2
*
*
*
5
• 23
*
4
*
16
*
*
*
*
*
1
*
3
20
21
*
*
*
*
1
1
*
*
*
*
*
*
1
*
*
*
*
1
*
*
*
*
1
*
*
1
1
1
1
1
*
*
*
1
290
..-.1
333
333
*
*
*
1
*
1
1
*
1
384
384
354
-
298
354
298
)
372
Mar.
*
10
*
*
29
23
1
13
8
1
*
7
1
92
*
57
*
1
-
1
*
*
*
Dec.
Sept.
290
i
1
i
1
4
*
*
*
*
4
3
*
*
3
1
30
8
---------- ,1
*
*
13
*
*
1
1
*
carried by foreigners.
1/ Througji December 31, 1972, Bermuda included with Bahamas.
p Preliminary.
* Less than $500,000.
1
3
*
*
1
*
3
3
*
*
2
1
30
8
51
*
Treasury Bulletin
118
________________________ CAPITAL MOVEMENTS_______________________
Section VI - Foreign Credit and Debit Balances in Brokerage Accounts
Table CM-VI-2. - Foreign Debit Balances (Due from Foreigners) by Country
(Position at end of period in millions of dollars)
Calendar year
Country
Europe:
Austria...................
Belgium-Luxembourg..........
Denmark...................
Finland...................
France......... ..........
Germany...................
Greece....................
Italy.....................
Netherlands................
Norway....................
Portugal ................
Spain.....................
Sweden....................
Switzerland................
Turkey....................
United Kingdom.............
Yugoslavia.................
Other Western Europe.........
U.S.S.R...................
Other Eastern Europe.........
Total Europe...............
Canada......................
Latin America:
Argentina..................
Bahamas l/.................
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.....
Grand total..................
Sept.
Mar.
June
*
*
4
1
6
*
5
*
_
*
_
*
*
*
*
17
22
1
7
10
1
1
16
22
1
7
16
19
1
10
6
*
*
14
15
1
5
7
*
*
14
17
1
7
9
2
5
1
35
5
1
31
5
1
27
3
1
25
30r
69
24
1971
*
*
*
*
5
1
9
6
11
*
*
*
*
*
*
*
*
9
12
1
16
20
1
12
8
1
18
23
1
9
12
*
*
*
*
2
1
50
3
1
38
5
1
42
21
31
1
15
17
1
1
6
1
57
*
12
14
*
1 972
!
1
1
*
*
*
*
*
44
37
53
34
*
*
*
1
1
1
*
*
_
*
-
146
155
*
-
-
1
_
-
1
235
134
129
30
21
14
1
4
1
3
1
1
2
49
54
39
3
24
2
21
1
1
21
3
15
1
2
5
1
1
*
*
*
*
*
*
*
*
*
3
4
3
4
5
4
1
3
1
6
*
45
-
_
6
5
6
5
6
6
6
6
1
*
1
_
100
14
1
3
1
*
*
_
5
4
*
*
4
*
*
6
2
12
4
1
9
4
1
6
*
*
7
.5
4
1
4
2
4
1
1
3
52
55
40
34
27
27
*
_
-
-
*
*
*
37
32
24
1
1
1
4
1
5
4
1
14
_
_
-
*
*
*
40
59
*
*•
*
*
*
*
2
1
3
4
3
5
*
*
*
*
*
_
*
*
4
*
*
'
1
*
1
*
*
*
*
*
*
*
23
156
-
*
1
*
*
*
1
*
*
_
12
127r
*
_
_
10
6
1
*
*
41
1
_
-
*
*
*
*
1
*
*
*
*
*
1
61
*
*
*
*
-
22
*
*
29
5
_
-
*
19
155
8
1
32
37
-
Sept. p
Dec.
1970
1969
1974
1973
*
43
'
-
25
*
*
•*
*
1
8
1
4
*
*
*•
*
*
,
•*
*
■*
*
*
1
1
*
*
*
*
*
*
*
*
1
9
1
31
*
*
l
*
*
*
2
2
7
1
1
*
*
6
4
1
5
6
5
7
6
5
24
35
53
73
58
36
47
41
32
*
*
*
*
*
*
*
*
*
*
*
*
1
1
*
*
1
*
*
•*
*
*
1
1
*
2
1
-
*
*
-
-
1
*
*
2
3
1
*
1
*
1
1
1
1
1
1
2
1
1
*
*
*
1
*
*
*
*
1
i
1
1
1
*
*
*
*
*
1
1
1
1
1
1
278
281
314
405
255
231
-
-
-
278
2 81
314
Note:
Data represent the money debit balances (due from foreigners),
as appearing on the books of reporting brokers and dealers in the
United States, in accounts of foreigners with them, and in
1
*
i
1
224r
*
,
2 31
*
1
241
179
-
i|
255
224r
241
their accounts carried by foreigners.
3/ Through December 31, 1972, Bermuda included with Bahamas,
p Preliminary.
* Less than $500,000.
r Revised
405
*
179
^9
December 1974
____________________ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II - Federal C redit Programs
GA-II-1 -'D ir e c t Sales and R epurchases o f Loans
Total
Bank of the
United States
Fiscal year
or month
Sales
Repur
chases
Sales
1965........
1966........
1967........
1968........
1969........
1970........
1971........
1972........
1973........
1974........
936
696
954
1,070
1,337
2,115
2,548
3,045
6,257
3,903
_
92
213
428
842
305
781
330
l,141r
124
63
153
91
379
406
269
248
145
21
1973-Oct.....
Nov.....
Dec.....
1974-Jan.....
Feb.....
Mar.....
Apr.....
May.....
482
234
767
308
80
265
252
71
157
580
602
598
735
66
180
45
69
45
62
122
159
71
1
*
*
63
150
175
155
1
1
1
1
_
2,515 *
543
4
July....
Aug.....
Sept....
Oct. 3/...
Fiscal 1975
to date••••«..»
1/
2/
5
4
4
1
1
*
Repur
chases
_
-
261
4
187
20
3
_
1
1
-
(in millions of dollars)
Housing and Urban Development Departmen'
Farmers Home
Administration Government
National Mortgage Office of Secretary
Association
y
Sales
2/
Repur
chases
157
391
729
974
959
1,668
2,005
2,430
3,324
2,172
_
50
174
405
569
287
574
284
l,105r
Sales
264
6
-
_
2,300
1,501
Repur
chases
-
_
-
_
-
-
-
.
-
_
-
-
-
-
-
_
-
-
-
-
*
_
-
-
-
-
*
-
3
2
2
4
3
2
2
3
2
3
-
*
-
10
-
-
2,495
534
16
-
Includes college housing, elderly housing, and public facility loans.
Sales by fiscal years 1965-1966 are on basis of actual figures shown
in the Budget document and include initial sales of loans from credit
2/
*
Repur
chases
_
_
_
_
-
_
_
Sales
_
_
_
-
-
16
-
Repuav
chases
31
120
2
*
*
_
30
_
-
229
227
191
302
2
234
2
2
108
-
Sales
33
11
63
176
42
65
43
59
118
155
69
61
147
174
152
1
-
Repuav
chases
Veterans
Administration
_
_
-
253
7
502
2
1
6
208
68
48
579
584
597
735
-
Sales
Small Business
Administration
_
_
-
-
“
-
-
_
2
15
6
*
2
1
3
1
*
1
1
-
327
105
71
2
*
38
244
368
488
209
74
*
73
21
41
-
_
41
24
17
12
12
19
25
30
2
3
2
insurance funds. The monthly figures are on basis of agency reports.
Figures as of September 1974, latest available for EX-IM Bank,
Less than $500,000.
r Revised.
Treasury Bulletin
120
.CUMULATIVE TABLE OF CONTENTS.
January 1974 through Decem ber 1974
Issues and page numbers
1974
Sections
Article;
Treasury financing operations.....................
Federal fiscal operations:
Summary of fiscal operations.....................
Budget receipts by source........................
Chart - budget receipts by source.................
Budget outlays by agency.........................
Undistributed intrabudgetary transactions...........
Budget outlays by 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 programs..........
Selected accrual data reported by Federal agencies....
Jan.
Feb.
Mar.
Apr.
May
June
VI
VI
V
VI
V
V
V
VI
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
1
2
4
5
6
7
9
10
9
10
9
10
9
10
9
10
9
10
9
10
11
11
13
...
11
11
13
11
11
...
...
*13
11
13
••#
...
Accountability of the Account of the U.S. Treasury on
an accounting basis...........................
... .
Summary of internal revenue collections by State,
and other areas..............................
Federal obligations............................. , H
* Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury.........
Analysis of changes in tax and loan account balance... ,
Summary of cash transactions through the Account of
the U.S. Treasury...........................
Gold assets and liabilities of the Treasury........
Monetary statistics:
Money in circulation............................ '
Federal debt:
Summary of Federal debt.........................
Computed interest charge and computed interest rate
on interest-bearing public debt................. 1
Interest-bearing public debt.....................
Maturity distribution and average length of market
able intSfest-bearing public debt................
Interest-bearing securities issued by Government
agencies....................................
Participation certificates.......................
Debt subject to statutory limitation...............
Status and application of statutory limitation.......
Treasury holdings of securities issued by Government
corporations and other agencies............... .
*13
July
Aug.
Sept.
Oct.
Nov.
V
V
V
V
1
2
4
5
6
7
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
9
10
10
11
10
11
10
11
10
11
...
••• ...
... ...
...
11
*12
...
...
...
...
15
15
17
15
13
16
14
14
13
15
15
13
17
18
18
19
20
21
18
19
14
15
22
23
15
16
17
18
16
17
18
19
18
19
16
17
19
19
20
20
22
22
20
20
16
16
24
24
17
17
19
19
18
18
20
20
20
20
18
18
20
21
23
21
17
25
18
20
19
21
21
19
21
22
24
22
18
26
19
21
20
22
22
20
21
22
22
23
24
25
22
23
18
19
26
27
19
20
21
22
20
21
22
23
22
23
20
21
22
23
23
24
25
26
23
24
19
20
27
28
20
21
22
23
21
22
23
24
23
24
21
22
24
25
26
27
25
26
27
28
27
28
29
30
25
26
27
28
21
22
23
24
29
30
31
32
22
23
24
25
24
25
26
27
23
24
25
26
25
26
27
28
25
26
27
28
23
24
25
26
28
29
31
29
25
33
26
28
27
29
29
27
29
30
30
31
32
33
30
31
26
27
34
35
27
28
29
30
28
29
30
31
30
31
28
29
30
34
36
34
30
38
31
33
32
34
34
32
37
38
39
38
34
42
35
37
36
38
39
34
46
39
a
40
42
43
37
45
46
40
...
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Offerings of Treasury bills......................
New money financing through regular weekly Treasury
bills......................................
Offerings of public marketable securities other than
regular weekly Treasury bills...................
Unmatured marketable securities issued at a premium
or discount other than advance refunding operations...
Allotments by investor classes on subscription for
public marketable securities....................
Disposition of public marketable securities other
than regular weekly Treasury bills...............
Foreign series securities (nonmarketable) issued to
official institutions of foreign countries.........
Foreign currency series securities (noranarketable)
issued to official institutions of foreign
countries...................................
United States savings bonds:
Sale and redemption by series, cumulative........... •
Sale and redemption by periods, all series
combined.................................... i
Sales and redemption by periods, Series £ 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.............
Dec.
...
13
|
i
i
40
42
44
42
38
42
44
47
45
a
49
42
44
43
,
1
|
1
1
.
45
47
50
48
44
52
45
47
46
48
49
42
49
52
55
53
49
57
50
52
51
53
54
45
57
59
63
61
57
66
59
61
61
63
64
52
60
62
66
64
60
69
62
64
64
66
67
54
60
61
63
62
63
65
66
67
69
64
65
67
60
61
63
69
70
72
62
63
65
64
65
67
65
67
66
67
69
67
68
70
54
55
57
...
...
...
64
70
...
...
...
...
...
...
66
* !!
68
*68
'
•
58
121
December 1974
P T T M T T T . A T T V F . TABLE OF C O N T E N T S ^
January 1974 through December 1974—Continued
Issues and page numbers
1974
Sections
Jan.
Feb.
Mar.
Apr.
May
June
64
67
71
68
65
65
66
67
68
69
70
78
72
73
74
69
70
71
66
67
68
75
77
84
86
82
84
79
81
76
78
84
86
77
79
86
88
Average yields of long-term bonds:
Average yields of long-term Treasury, corporate and
municipal bonds...............................
Chart - average yields of long-term Treasury,
corporate and municiapl bonds....................
78
87
85
82
79
87
80
79
88
86
83
80
88
Exchange Stabilization Fund:
Balance sheet.................................
Income and expense.............................
80
81
...
...
...
...
84
85
...
...
National bank reports:
Income, expenses, and dividends for calendar year 1971
...
...
...
...
82
89
87
83
90
84
United States savings notes:
Sales and redemptions by periods..................
Ownership of Federal securities:
Distribution by classes of investors and types of
issues.....................................
Estimated ownership by private investors............
fi^surx survey of ownership.......................
Treasury survey-commercial bank ownership.............
Market auotations on Treasury securities:
End-of-month closing quotations...................
Chart - yields of Treasury securities..............
International financial statistics:
U.S. reserve assets............................
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
other foreigners..............................
U.S. liquid and other liabilities to official
institutions of foreign countries by area..........
Nonmarketable U.S. Treasury bonds and notes issued
to official institutions of foreign countries.......
U.S. position in the International Monetary Fund.....
U.S. net monetary gold transactions with foreign
countries and international and regional organi
zations.....................................
Weighted-Average of Exchange Rate Changes for the Dollar.
Capital movements
Liabilities to foreigners reported by banks in the
United States................................
Claims on foreigners reported by banks in the United
States......................................
Liabilities to foreigners 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 re
ported by banks and brokers in the United States.....
Foreign credit and debit balances in brokerage accounts.
Foreign currencies acauired by the U.S. Government
without payment of dollars:
Foreign currency transactions, summary 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.........
Federal credit programs:
Direct sales and repurchases of loans............
Direct and guaranteed loans outstanding...........
Trust funds:
Civil Service Retirement and Disability Fund.......
Federal Old-age and Survivors Insurance Trust Fund....
Federal Disability Insurance Trust Fund...........
Federal Hospital Insurance Trust Fund............
Federal Supplementary Medical Insurance Trust Fund....
Railroad Retirement Accounts....................
Unemployment Trust Fund........................
National Service Life Insurance Fund.............
Investments of specified trust accounts...........
☆U.S. GOVERNMENT PRINTING OFFICE: 1974-584-067/6
July
Aug.
Sept.
Oct.
Nov.
Dec.
73
66
69
69
70
71
59
74
75
76
67
68
69
70
71
72
80
70
71
72
71
72
73
72
73
74'
60
61
62
79
81
80
82
82
84
89
82
83
85
73
81
90
83
84
86
74
...
...
82
83
...
...
•••
...
85
86
...
...
...
...
...
89
...
...
...
...
...
...
86
81
90
84
91
84
87
87
75
88
87
82
91
85
92
85
88
88
76
91
89
88
83
92
86
93
86
89
89
77
85
86
92
93
90
91
89
90
84
85
93
94
87
88
94
95
87
88
90
91
90
91
78
79
87
...
94
...
92
...
91
...
86
...
95
96
89
90
96
97
89
90
92
93
92
93
80
81
90
97
95
94
89
99
93
100
93
96
96,
84
98
105
103
102
97
107
101
101
104
104,
92
104
111
109
108
103
113
107
108
,
114
107
110
110
98
108
115
113
112
107
117
111
118
111
114
114
102
114
123
121
130
119
128
118
127
113
122
123
132
117
126
124
133
117
126
120
129
120
129
108
117
...
...
...
130
131
...
...
...
...
...
...
...
•♦•
...
...
...
•..
...
132'
133
...
126
•••
••.
133
•.•
♦••
133
•..
•.•
•••
••*
•••
•.•
...
125
...
...
!;!
...
...
198
...
159
160
130
...
164
165
151
...
134
135
128
•••
135
...
128
131
132
134
•..
119
...
135
136
137
138
139
139
140'
142’
143
...
...
...
...
...
167
168
169
170
171
172
173
174
175
152
153
154
155
156
157
158
159
160
136
137
138
139
MO
140
141
143
144
••.
•..
...
...
...
•••
•••
...
70
72
...
...
...
...
@FedFRASER