Full text of Treasury Bulletin : December 1977
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Treasury Bulletin
December 1977
17 89
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON, D.C.
December 1977
1
CONTENTS
Article
- Treasury Financing Operations.................................................
Page
VI
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 Offsetting Receipts............................................. .. 7
FFQ-5.
- Budget Outlays by Function................................................... .. 8
FFO-6.
- Investment Transactions of Government Accounts in Federal Securities (Net)... .....
10
FFO-7.
FF0-9.
- Trust Funds Transactions.....................................................
- Detail of Excise Tax Receipts...................... .......... *...............
11
FEDERAL OBLIGATIONS
F0-1.
- Gross Obligations Incurred Within and Outside the Federal Government by Object Class.
FO-2.
- Gross Obligations Incurred Outside the Federal Government by Major Function and Major
13
Object Class............................... ...............................
13
FO-3.
- Gross Obligations Incurred Outside the Federal Government by Department or Agency.... 14
PO-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:....................................
19
UST-2.
- Analysis of Changes in Tax and Loan Account Balances............................
20
UST-3.
- Gold Assets and Liabilities of the Treasury...................................
21
MONETARY STATISTICS
'I
MS-1.
, i
- Currency and Coin in Circulation..............................................
‘
22
FEDERAL DEBT
FD - .
^1
- Summary of Federal Debt......................................................
FD^-2.
- Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt.. 23
23
FIK3.
- Interest-Bearing Public Debt..................................................
24
F ^ 4.
D-
- Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt.. 24
FD-5.
- Government Account Series....................................................
25
FD-6.
- Interest-Bearing Securities Issued by Government Agencies........................
26
FD-7.
- Participation Certificates...................................................
27
FD-8.
- Debt Subject to Statutory Limitation...........................................
28
FD-9.
- Status and Application of Statutory Limitation..................................
29
FIKLO.
- Treasury Holdings of Securities...............................................
30
PUBLIC DEBT OPERATIONS
PD0-1.
- Maturity Schedule of Interest-Bearing Marketable Public Debt Securities...........
32
PDO-2.
PD0-3.
- Offerings of Bills...........................................................
- New Money Financing through Regular Weekly Treasury Bills........................
36
33
II
Treasury Bulletin
CONTENTS
Page
PDO-4.
PD0^5.
- Offerings of Public Marketable Securities..................................... ..40
- Unmatured Marketable Securities Issued at a Premium or Discount....................45
PD0-6.
- Allotments by Investor Classes on Subscriptions for Public Marketable Securities..
. 49
PDO-7.
- Disposition of Public Marketable Securities.................................... .54
PDO-8.
- Foreign Series Securities......................................................58
PDO-9.
- Foreign Currency Series Securities..............................................65
UNITED STATES SAVINGS BONDS
SB-1.
- Sales and Redemptions by Series, Cumulative.................................... .68
SB-2.
- Sales and Redemptions by Periods, All Series Combined.............................68
SB-3.
- Sales and Redemptions by Periods, Series E through K............................ .69
SB-4.
- Redemptions of Matured and Unmatured Savings Bonds.............................. .71
UNITED STATES SAVINGS NOTES
SN-1.
- Sales and Redemptions by Periods............................................. ..72
OWNERSHIP OF FEDERAL SECURITIES
0FS-1.
- Distribution of Federal Securities............................................ .73
OFS-2.
- Estimated Ownership of Public Debt Securities................................... .74
TREASURY SURVEY OF OWNERSHIP
TSO-1.
- Summary of Federal Securities................................................. .75
TSO-2.
- Interest-Bearing Marketable Public Debt Securities by Type and Maturity Distribution, 76
TSO-3.
- Interest-Bearing Marketable Public Debt Securities by Issue...................... .76
TS0*-4.
- Securities Issued by Government Agencies....................................... .78
TS0-5.
- Securities Issued by Government-Sponsored Agencies and D. C............ ......... ..78
MARKET QUOTATIONS ON TREASURY SECURITIES
M3rl.
- Treasury Bills.............................................................. .79
MQ-2.
- Treasury Notes.............................................................. .^
MQ-3.
- Treasury Bonds.............................................................. .g0
Chart
- Yields of Treasury Securities................................................. .81
AVERAGE YIELDS OF LONG-TERM BONDS
AY-1.
- Average Yields o ,Long-Term Treasury, Corporate, and Municipal Bonds...............
f
Chart
- Average Yields of Long-Term Treasury, Corporate, and Municipal Bonds..*.............83
INTERNATIONAL FINANCIAL STATISTICS
IFS-1.
- U.S. Reserve Assets.......................................................... .84
IFS-2.
IFS-3.
- U.S. Liquid and Nonliquid Liabilities to Foreign Official Institutions, and Liquid
.Liabilities to All Other Foreigners............................................85
- U.S. Liquid and Nonliquid Liabilities to Official Institutions of Foreign Countries,
by Area.....................................................................86
IFS-4.
- Nonmarketable U.S. Treasury Bonds and Notes.................................... .87
IFS-5.
- U.S. Position in the International Monetary Fund................................ .88
IFS-6.
- Weighted-Average of Exchange Rate Changes for the Dollar......................... .89
III
December 1977
CONTENTS
Page
CAPITAL MOVEMENTS
LIABILITIES TO FOREIGNERS REPORTED BY "BANKS - U.S.
CM-I-1.
- Short-Term Liabilities by Type of Foreign Holder.......... .......................
92
CM-I-2.
- Short-Term Liabilities by Type of Liability......................................
CM-1-3.
- Short-Term Liabilities by Country..............................................
CM-I-4.
- Short-Term Liabilities, by Type and Country............ ...... ...................
CM-1-5.
- Short-Term Liabilities, Not Regularly Reported Separately.........................
CM-1-6.
- Long-Term Liabilities by Type..................................................
CM-I-7.
- Long-Term Liabilities by Country...............................................
93
95
96
97
98
99
CLAIMS ON FOREIGNERS REPORTED BY BANKS
CM-II-1.
- Short-Term Claims by T y p e ...................................................... 100
CM-II-2.
- Short-Term Claims by Country................................................... 101
CM-II-3.
- Short-Term Claims, by Type and Country..........................................
102
CM-11-4.
- Long-Term Claims by Type...................................................... 103
CM-II-5.
- Long-Term Claims by Country.................................................... 104
CM-II-6.
- Long-Term Claims, by Type and Country........................................... 105
CM-III-1.
- Liabilities by Type........................................................... 106
CM-III-2.
- Short-Term Liabilities by Country.............................................. 107
CM-III-3.
- Short-Term Liabilities, by Type and Country......................................108
CM-III-4.
- Long-Term Liabilities, by Country...............................................109
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING CONCERNS - U.S.
CM-IV-1.
- Claims by Type............................................................... 110
CM-IV-2.
- Short-Term Claims by Country................................................... Ill
CM-IV-3.
- Short-Term Claims, by Type and Country.......................................... 112
113
CM-IV-4.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type............
CM-IV-5.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Country.......... 113
CM-IV-6.
- Short-Term Liquid Claims Reported by Large Nonbanking Concerns, by Type and Country.. 114
.
CM-IV-7.
- Long-Term Claims by Country.................................................... 115
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-V-1.
- Foreign Purchases and Sales of Long-Term Domestic Securities....................... 116
CM-V-2.
- Foreign Purchases and Sales of Long-Term Foreign Securities........................ 116
CM-V-3.
- Net Foreign Transactions in Marketable U.S. Treasury Bonds and Notes by Country...... 117
CM-V-4.
- Estimated Foreign Holdings of Marketable U.S. Treasury Bonds and Notes by Country.... 118
CM-V-5.
- Net Foreign Transactions in Long-Term Domestic Bonds.............................. 119
CM-V-6.
- Net Foreign Transactions in Domestic Stocks by Country............................ 120
CM-V-7.
- Net Foreign Transactions in Long-Term Foreign Bonds by Country..................... 121
CM-V-8.
- Net Foreign Transactions in Foreign Stocks by Country............................. 122
CM-V-9.
- Foreign Purchases and Sales of Long-Term Securities, Latest Date................... 123
CM-V-10.
- Foreign Purchases and Sales of Long-Term Securities, Latest Year................... 124
IV
Treasury Bulletin
CONTENTS
FOREIGN CURRENCY POSITIONS
FCP-I-1.
SUMMARY POSITIONS
Page
- Nonbanking Firms' Positions................. .................................126
FCP-I-2.
- Weekly Bank Positions....................................................... 126
FCP-I-3.
- Monthly Bank Positions..................................................... ..
BELGIAN FRANC POSITIONS
FCP-II-1.
- Nonbanking Firms1 Positions................................................. . 127
FCP-II-2.
- Weekly Bank Positions...................................................... .. 127
FCP-II-3.
- Consolidated Monthly Bank Positions...........................................128
FCP-III-1.
- Nonbanking Firms' Positions.................................................. 129
FCP-III-2.
- Weekly Bank Positions....................................................... 129
FCP-III-3.
- Consolidated Monthly Bank Positions...........................................130
CANADIAN DOLLAR POSITIONS
FRENCH FRANC POSITIONS
FCP-IV-1.
- Nonbanking Firms' Positions....................... .......................... 131
FCP-IV-2.
- Weekly Bank Positions............................ .......................... 131
FCP-IV-3.
- Consolidated Monthly Bank Positions........... ............................... 132
GERMAN MARK POSITIONS
FCP-V-1.
- Nonbanking Firms' Positions..................................................133
FCP-V-2.
- Weekly Bank Positions....................................................... 133
FCP-V-3.
- Consolidated Monthly Bank Positions.......................................... . 134
ITALIAN LIRA POSITIONS
FCP-VI-1.
- Nonbanking Firms' Positions................................................. 4 135
FCP-VI-2.
- Weekly Bank Positions....................................................... 135
FCP-VII-1.
- Nonbanking Firms' Positions................................................. 4 I36
JAPANESE YEN POSITIONS
FCP-VII-2.
- Weekly Bank Positions...................................................... 4 I36
FCP-VII-3.
- Consolidated Monthly Bank Positions...........................................137
FCP-VtII-1.
- Nonbanking Firms' Positions.................................................. 13g
SWISS FRANC POSITIONS
FCP-VIII-2.
- Weekly Bank Positions...................................................... . 138
FCP-VTII-3.
- Consolidated Monthly Bank Positions...........................................139
FCF-IX-1.
- Nonbanking Firms' Positions..................................................1 .
^0
FCP-IX-2.
- Weekly Bank Positions...................................................... . 140
FCP-IX-3.
- Consolidated Monthly Bank Positions...........................................l^l
STERLING POSITIONS
UNITED STATES DOLLAR POSITIONS ABROAD
FCP-X-1.
- Nonbanking Firms' Foreign Subsidiaries' Positions.............................
142
FCP-X-2.
- Weekly Bank Foreign Office Positions.........................................
142
FCP-X-3.
- Monthly Bank Foreign Office Positions........................................
I43
V
December 1977
CONTENTS
FOREIGN CURRENCIES ACQUIRED BY THE U.S. GOVERNMENT
WITHOUT PAYMENT OF DOLLARS
P
age
FC-1.
- Summary of Foreign Currency Transactions.....................................
FC-2.
FC-3.
FC-4.
- Foreign Currency Transactions, Country Uses..................................
- Foreign Currency Transactions, U.S. Uses....................................
- Foreign Currency Transactions, Trust Funds...................................
146
146
147
147
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
FEDERAL CREDIT PROGRAMS
GA-II-1.
- Direct Sales and Repurchases of Loans......................................
14#
GA-II-2.
- Direct and Guaranteed Loans Outstanding.....................................
149
Cumulative Table of Contents........................................ ..................
156
Note:
Details of figures may not add to totals because of rounding.
VI
Treasury Bulletin
Treasury Financing Operations
Auction of 2-Year Notes
On November 14 the Treasury announced that it would
auction $3,750 million of 2-year notes to refund $2,516 mill
ion of notes held by the public maturing November 30, 1977,
and to raise $1,234 million of new cash.
The notes offered
were Treasury Notes of Series W-1979, to be dated
November
ed in full at the average yield of accepted tenders,
price 99.776.
7 .31$,
These totaled $390 million.
In addition, $685 million of tenders were accepted at
the average price from Federal Reserve banks as agents for
foreign and international monetary authorities for new cash.
30, 1977, due November 30, 1979, with interest payable semi
annually on May 31 and November 30 in each year until mat
urity.
A coupon rate of 7-1/8$ was set after the determi
nation as to which tenders were accepted on a yield basis,
the average of which translated into an average
accepted
Tenders were received at Federal Reserve banks
and
branches and at the Bureau of the Public Debt, Washington,
D. C. Bearer notes, with
interest coupons attached , and
notes registered as to principal and interest were authorized
to be issued in denominations of $1,000,, $5,000, $10,00Q,
price close to 100.000.
and $1,000,000.
Tenders for the notes were received until 1:30 p.m.,
EST, November 22, and totaled $8,715 million, of which $3,784
million was accepted at yields ranging from 7.12$, price
100.009, up to 7.14$, price 99.972.
Noncompetitive tenders
52-Week Bills
On November 3 tenders were invited for approximately
$3,402 million of 364-day Treasury bills to be dated Nov
for $1 million or less from any one bidder were accepted in
ember 15,1977, and to mature November 14, 1978.
full at the average yield of accepted tenders, 7.13$, price
were opened on November 9.
99.991.
which $3,406 million was accepted, including $101 million of
These totaled $697 million.
Tenders
They totaled $5,693 million, of
In addition, $999 million of tenders were accepted at
noncompetitive tenders from the public and $1,052 million of
the average price from Government accounts and Federal Re
the bills issued at the average price "toFederal Reserve banks
serve banks for their own account in exchange for securities
for themselves and as agents of foreign and
maturing November 30, 1977, ($112 million) and from Federal
monetary authorities
international
Reserve banks as agents for foreign and international mone
An additional $181 million of the bills was issued to Fed
in exchange for maturing securities.
eral Reserve banks as agents of foreign and international
tary authorities for new cash ($887 million).
monetary authorities for new cash.
Tenders were received at Federal Reserve banks and bran
ches and at the Bureau of the Public Debt, Washington,
D. C.
Bearer notes, with interest coupons attached, and notes re
gistered as to principal and interest were authorized to be
issued in denominations of $5,000, $10,000, $100,000
and
$1, 000, 000.
The average bank discount
rate was 6.542$* The issue resulted in a pay-dora for
the
Treasury of about $2,500 million as the issue maturing Nov
ember 15 was outstanding in the amount
of $5,902
million.
139-Dav Bills
On November 23 tenders were invited for approximately
$3,000 million of 139-day Treasury bills to be issued
Auction of /.-Year 1-Month Notes
On November 21 the Treasury announced that it would auc
cember 2, 1977, representing an
De
additional amount of bills
tion $2,750 million of 4-year 1-month notes to raise new cash.
dated October 20, 1977, maturing April 20, 1978.
The notes offered were Treasury Notes of Series L-1981, to
was to raise new cash.
The issue
Tenders were opened on November 29.
be dated December 7, 1977, due December 31, 1981, with in-
They totaled $7,406 million, of which $3,004 million was ac
terest payable semiannually on June 30 and December 31 in
cepted including $14 million of noncompetitive tenders.
each year until maturity.
average bank discount rate was 6.273$.
A coupon rate of 7-1/4$ was
set
after the determination as to which tenders were accepted on
a yield basis, the average of which translated into an aver
age accepted price close to 100.000 and $1,000,000..
The
13-Week and 26-Week Bills
Issues of regular weekly Treasury bills in November to
taled $22.7 billion.
These issues were offered for cash and
in exchange for bills maturing in the amount of $22.4 billion.
Tenders for the notes were received until 1:30
p.m.,
There were three 13-week issues of $2.3 billion and
one
EST, November 30, and totaled $5,407 million, of which $2,751
13-week issue of $2.2 billion.
million was accepted at yields ranging from 7.29$,
of $3.4 billion and one 26-week issue each of $3.3 billion
99.845, up to 7.32$, price 99.741.
Noncompetitive
price
ten
ders for $1 million or less from any one bidder were accept
and $3.5 billion.
There were two 26-week issues
Average rates for the new issues are shown
in the following table.
VII
December 1977
Treasury Financing Operations—
Continued
mined in the auction.
Date of issue
Annual average rate
(bank discount basis)
13-week
1977
No deposit need accompany tenders from
incorporated banks and trust companies and from responsible
and recognized dealers in investment securities for bills to
be maintained on the book-entry records of Federal Reserve
26-week
banks tod branches, or for definitive bills, where authorized.
A deposit of 2 percent of the par amount of the bills applied
November
3
10
17
25
6.279
6.188
6.092
6.084
6.508
for must accompany tenders for such bills from others, unless
6.464
an express guaranty of payment by an incorporated bank or
6.373
6.384
trust company accompanies the tenders.
Noncompetitive tenders (without stated price), usually
for $500,000 or less from any one bidder, for each issue of
13-week, 26-week, and 52-week bills, are accepted in full at
Treasury Bills (Other than Short-dated bills) - General
Treasury bills are sold on a discount basis under com
their
Payment for accepted tenders must be made or completed
Except for defini
on the date of issue, in cash or other immediately avail
petitive and noncompetitive bidding, and at maturity
par amount is payable without interest.
the average price of accepted competitive bids for an issue.
tive bills in the $100,000 denomination, which are available
able funds or in a like par amount of Treasury
only to investors who are able to show that they are required
maturing on or before that date.
by law or regulation to hold securities in physical form, all
26-week, and 52-week bills may not be made by credit in Trea
series are issued entirely in book-entry form in a minimum
sury tax and loan accounts.
amount of $10,000 and in any higher $5,000 multiple, on the
Foreign Series and Foreign Currency Series
records either of the Federal Reserve banks and branches, or
of the Department of the Treasury.
Tenders are received at Federal Reserve
Foreign series securities issued in November
banks
and
Public
Debt, Washington. Each tender must be for a TTrirnmnm
of
Tenders over $10,000 must be in multiples of $5,000.
note.
totaled
Redemptions for the month totaled $693 million.
totaled $20,455 million.
all tenders submitted for bills to be maintained on
alent of $52 million.
bocfc-entry records of the Department of the Treasury.
A
(Details are shown on page
64 .)
There were no issues of foreign currency series securi
ties in November.
the
At
the end of November, foreign series securities outstanding
Payment for the full par amount applied for mist accompany
Redemptions for the month totaled an equiv
At the end of November foreign currency
series securities outstanding totaled an equivalent of $1,210
cash adjustment will be made for the difference between the
million and were all denominated in Swiss francs.
par payment submitted and the actual issue price as deter
are shown on page 67.)
Note:
13-week,
$1,287 million, consisting of 3 bills, 4 certificates and 1
branches and from individuals at the Bureau of the
$10,000.
securities
Payment for
Details of Treasury market financing operations are shown elsewhere in tables on public debt operations.
(Details
1
December 1977
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. - Summary of Fiscal Operations
(In millions of dollars)
Means of financing-net transactions
1/ Budget receipts and outlays
Borrowing from the public— Federal securities
Fiscal year
op month
Net
Net
receipts 2/ outlays 2 /
Surplus
or
deficit (-)
1-2
(1)
(2)
(3)
184,548
196,588
211,425
Public
debt
securi
ties
Agency
securi
ties
196 9
.
197 0
197 1
.
197 2
.
197 3
.
197 4
.
197 5
.
197 6
.
T.O.... .
197 7
.
1978 (Est,
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
247,074
269,621
326,105
365,648
94,660
401^896
3,236
-2,845
-23,033
-23,372
-14,849
-4,689
-45,108
-66,451
-12,973
-45^035
401,372
462,882
1976-Oct..
Nov..
Dec..
21,018
25,694
29,471
33,998r
33,079
31,890
-12,yvyr
-7,385
-2,419
2,902
7,036
8,905
1977-Jan..
Feb.,
Mar.,
Apr.,
May..
June.
29,954
24,182
24,817
39,832
27,549
43,075
24,952
29,676
36,642
24,127
32,617
30,735
34,292
35,363
33,592
32,881
-2,664
-6,554
-9,475
4,469
-6,043
10,194
-8,678
-5,044
1,545
-14,663
-10,150
-1,739
-347
-1,269
216
903
-1,069
10
724
-1,380
363
9,442
5,859
1,815
1,086
2,316
8,522
10,062
7,417
-61,510
July.
Aug..
Sept.
Oct..
232,021
33,630
34,720
35,097
38,790
7,526
17,198
27,211
29,131
30,881
16,918
58,953
87,244
14,269
64,139
(6)
(5)
(4)
Invest
ments of
Govern
ment ac
counts %/
8,420
11,822
14,813
7,031
4,341
-3,514
9,243
Total
4+5-6
Within general
account of the
U.S. Treasury
6/7/
U.S.
Treasury
operating
cash
(7)
(8)
(9)
-11,146
5,397
19,448
19,442
19,275
3,009
50,853
82,913
18,507
53,516
-561
11,310
13,666
-1,437
Total budget
financing
7-8-9-10
-11-12+13+14
Other 10/
(13)
(14)
(1*)
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
1977..........
1978 (Est.)....
-284
-22
3,103
4,958
-3,921
-1,290
1,968
-1,956
-199
2,004
n.a
.
10,407
-961
482
1,442
340
451
-7,393
-6,710
-2,436
-8,247
n. a
.
-3,236
2,845
23,033
23,372
14,849
4,689
45,108
66,451
12,973
45,035
61,510
1976-Oct......
Nov......
Dec......
1977-Jan......
Feb......
Mar......
Apr......
May......
June.....
1,734
-3,077
1,107
3,980
-950
-609
3,211
-2,287
-1,146
2,589r
-584
-1,467
-2,890
July......
Aug......
Sept.....
Oct......
1,824
-3,940
2,159
2,237
-1,678
-1,535
-1,634
622
12,980r
7,385
2,419
2,664
6,554
9,475
-4,469
6,043
-10,194
8,678
5,044
-1,545
14,663
Footnotes on following page.
(12)
557
290
711
-8
245
123
-1,536
-208
1,079
-1,264
91
647
-172
-3S5
644
802
-908
-988
50
525
1,121
1,024
764
132
-405
13
30
-20
8
6
-5
86
16
1,456
-1,215
322
770
-866
-53
665
-565
131
49
285
157
-186
137
12
24
-12
-66
12
-14
6
41
-434
338
135
1,368
-206
27
-88
56
-1,570
7,246
-302
m
-5
-30
-393
-305
-13
2
-51
-27
-32
-96
-417
-14
-8
-1,489
268
2,205
4,386
6,738
6,306
-5,371
-3,391
3,018
-3,099
3,157
9,118
5,351
1,206
-2,871
518
1,018
1,915
-5,575
8,739
-10,777
9,264
-6,101
-3,091
310
510
558
3,930
1,767
-2,460
3,114
3,629
-3,296
1,803
7,780
10,024
1,851
12,040
-11,417
Selected balances, end of period
General ac
count of the
U.S. Treasury
6/ U
U.S.
Treasury
operating
bash
(16)
(17)
Federal securities
(21)
(19)
(20)
-
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
n. a
.
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551,843
n.a
.
12,043
8,652
11,670
12,688
14,603
9,028
17,767
6,991
16,255
637,603
644,639
653,543
653,907
663,348
669,207
671,023
672,109
674,425
11,673
11,643
11,250
502,713
509,451
515,757
10,154
7,063
19,104
7,687
673,864
685,174
698,840
697,403
146,563
146,831
149,037
145,937
146,247
146,758
147,316
151,246
153,013
150,553
153,666
157,295
153,999
7,589
14,835
17,414
-
19,104
-
Held by the
public
18-19-20
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
n. a
.
-
_
w
Investments
of Govern
ment accounts
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
n. a
.
-
-
Agency
securities
(18)
7,544
9,291
10,117
11,785
13,854
10,473
_
-
Public
debt
securities
kf
-876
536
-66
-221
(11)
(10)
69.5**
Transactions
not applied to
year's surplus
or deficit 11/
-421
Gold
tranche
drawing
rights 2 /
Special
drawing
rights 8/ Other
760
1,746
826
1,668
2,068
-3,380
Means of financing— net transactions— Con*
Fiscal year
or month
Cash and monetary assets (Deduct)
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,311
10,298
10,290
518,914
528,033
533,383
534,590
531,719
532,237
534,039
541,819
551,843
553,694
2
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Footnotes to Table FFO-1.
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Budget estimates are based upon figures released in testimony
by the Office of Management and Budget before the U.S. House of
Representatives, Ways and Means Committee on August 1, 1977, and
other Treasury sources. Estimates are available in detail for net
Budget outlays. Estimates for details of net receipts and deficit;
and means of financing— net transactions, and selected balances, end
of period are not available.
1/ Budget receipts and outlays are revised to reflect Earned Income
Credit payments in excess of an individual's tax liability, formerly
treated as outlays, and now classified as income tax refunds.
2J For detail see Table FFO-2.
2J For detail see Table FF0-3.
y As of July 31, 1974, public debt outstanding has been adjusted to
exclude the notes of the International Monetary Fund to conform with
the "budget presentation.
5/ For detail see Table FFO-6.
£/ Current fiscal year to date transactions through June 30, 1974, are
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.
2/ As of July 1974, balances shown under "Within general accounts of the
U.S. Treasury” are now presented in columns 9, H, and 13.
8/ Represents holdings of special drawing rights, less certificates issued
to Federal Reserve banks.
2/ Represents activity of the International Monetary Fund.
10/ Includes: public debt accrued interest payable to the public, deposit
funds, miscellaneous asset and liability accounts, and as of July 1974,
the gold balance.
11/ Includes: Seigniorage; increment of gold; fiscal 1969 conversions of
certain corporations to private ownership; fiscal 1970 reclassification
of Commodity Credit Corporation certificates of interest; fiscal 1974
conversion of interest receipts of Government accounts to an accrual
basis; and net outlays of off-budget Federal agencies. Also includes
rural electrification and telephone revolving fund since May 12, 1973,
Postal Service fund since July 1973, Federal Financing Bank since
July 1974, housing for the elderly or handicapped fund since August
22, 1974, and Pension 'Benefit Guaranty Corporation since September
17, 1974.
12/ For detail see Table FD-6.
r Revised, n.a. Not available.
** In billions of dollars.
3
December 1977
__FEDERAL FISCAL OPERATIONS..
Table FFO-2. - Budget Receipts by Source
(In millions of dollars)
Income taxes
Fiscal year
or month
Net
budget
receipts 1/
Individual
Withheld 2/
Other
Corporation
Refunds 1/
Gross
Net
187,784
193,743
188,392
208,649
232,225
264,932
280,997
299,197
81,687
356,861
70,182
77,416
76,490
83,200
98,093
112,092
122,071
123,441
32,950
144,857
27,258
26,236
24,262
25,679
27,019
30,812
34,328
35,528
6,809
42,062
10,191
13,240
14,522
14,U3
21,866
23,952
34,013
28,175
1,044
30,194
87,249
90,412
86,230
94,737
103,246
118,952
122,386
130,795
38,715
156,725
38,338
35,037
30,320
34,926
39,045
41,744
45,747
46,783
9,809
60J057
1978 (Est.)...........
401,372
186,161
35,955
42,894
179,222
67,645
1976-Oct.............
Nov.............
Dec.............
21,018
25,694
29,471
564
375
678
1,874
1,185
7,838
29,954
24,182
24,817
39,832
27,549
43,075
6,141
1,154
2,719
14,581
2,092
6,272
163
45
195
36
4,190
9,913
7,909
5,801
501
11,095
12,530
12,662
1977-Jan.............
Feb.............
Mar.............
Apr.............
May.............
June... ...... .
10,694
12,201
12,179
11,980
11,405
12,972
11,804
12,999
12,178
18,085
8,370
5,777
18,476
9,289
17,949
2,007
1,311
9,131
8,461
1,465
14,758
July............
Aug.............
Sept............
Oct.............
24,952
29,676
36,642
24,127
923
660
5,903
711
726
364
352
206
12,438
12,725
17,327
13,275
Refunds
1,968
1,288
8,770
2,159
1976.................
12,240
12,429
11,777
12,770
Net
income
taxes
Net
1,660
2,208
3,535
2,760
2,893
3,125
5,125
5,374
1,248
5,164
6,000
36,678
32,829
26,785
32,166
36,153
38,620
40,621
41,409
8,460
54,892
123,927
123,241
113,015
126,903
139,398
157,571
163,007
172,204
61,645
240,867
846
486
1,027
699
7,633
12,122
13,229
20,295
19,780
9,318
14,497
26,449
10,386
32,328
205
313
363
2li;618
1,694
948
8,719
7,974
1,096
14,379
412
488
369
379
430
479
394
714
1,538
809
13,976
13,534
25,703
14,721
1,445
Social insurance taxes and contributions
Unemployment insurance
Bnplqyment taxes and contributions
Fiscal year
or month
Old-age, disability, and
hospital insurance
Net
unemployment
Insurance
Gross
1970.................
1971.................
1978 (Est.)...........
Refunds
Net
Gross
Refunds
Net
Net
employment
taxes and
contributions
33,956
38,600
41,237
45,559
54,166
65,016
74,075
78,792
21,475
90,701
605
386
518
447
479
535
360
408
885
920
981
1,009
1,190
400
33,351
38,214
40,719
45,111
53,687
64,481
73,715
78,384
21,475
90,302
885
919
980
1,008
1,189
1,411
1,489
1,525
328
1,908
34,236
39,133
41,699
46,120
54,876
65,892
75,204
79,909
21,803
92,210
3,335
3,471
3,682
4,370
6,070
6,863
6,804
8,085
2,704
11,347
7
6
8
13
19
26
33
32
6
36
11,312
103,109
502
102,607
1,490
1,525
328
1,909
1,855
*
*
*
1
1
*
*
*
*
*
*
1,855
104,462
14,202
56
14,146
5,288
7,488
5,668
21
287
158
—*
1
*
21
287
158
5,308
7,775
5,826
504
1,206
-26
1
1
1
503
1,205
-26
6,492
9,067
6,696
8,981
9,864
6,874
18
290
162
18
296
170
*
*
*
*
*
18
290
162
18
296
170
6,511
9,357
6,858
8,999
10,160
7,044
348
998
127
1,307
3,588
232
1
*
1
12
6
5
347
997
126
1,296
3,582
228
6,690
10,034
7,160
5,490
34
313
139
52
-*
*
*
*
34
313
139
52
6,725
10,347
7,299
5,542
808
2,158
96
543
8
-3
2
1
800
2,161
94
541
1976-0ct............
Nov............
Dec.............
5,288
7,488
5,668
1977-Jan............
Feb............
Mar............
Apr............
May............
June............
6,492
9,067
6,696
8,981
9,864
7,274
July............
Aug............
Oct............
footnotes ai end of table.
6,690
10,034
7,160
5,490
-
-
_
-
-
400
-
Railroad retirement accounts
1,412
-
Gross
Refunds
3,328
3,464
3,674
4,357
6,051
6,837
6,771
8,054
2,698
4
Treasury Bulletin
________ FEDERAL FISCAL OPERATIONS
Table FFO-2. - Budget Receipts by Source—
Continued
(In millions of dollars)
Social insurance taxes and contributions - Continued
Miscellaneous
Net contributions for other
insurance and retirement
^axes
Excise 1
Airport and airway trust fund
Federal
Federal
supple
Other
employees
mentary
medical
retirement retirement
insurance
1,426
903
24
936
1,735
29
1,916
37
1,253
1,340
2,058
39
1,427
2,146
41
2,302
1,704
45
1,901
52
2,513
2,760
1,937
54
706
539
13
2,192
2,910
59
Total
Net
social
insurance
taxes and
contri
butions
2,353
2,701
3,207
3,437
3,614
4,051
4,466
4,752
1,258
5,162
39,918
45,298
48,578
53,914
64,542
76,780
86,441
92,714
25,759
108,683
10,681
10,519
10,643
10,562
9,995
9,884
9,550
10,753
2,564
9,796
96
167
133
1,056
158
141
150
141
44
148
10,585
10,352
10,510
9,506
9,836
9,743
9,400
10,612
2,520
9,648
564
650
760
842
964
940
277
1,193
2
1
'2
2
1
2
1
2
563
649
758
840
962
938
277
1,191
2,192
2,958
56
5,206
123,814
10,602
149
10,453
1,273
2
1,271
1976-Oct........
Nov........
Dec........
173
181
181
5
3
7
1977-Jan........
Feb........
Mar........
Apr........
388
451
407
462
June........
178
180
180
178
184
182
209
267
219
280
225
Sept.......
Oct........
189
195
192
204
93
111
94
97
87
94
91
94
103
108
111
110
100
Fiscal year
or month
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
1977............
1978 (Est.)......
227
273
238
4
4
6
4
4
5
243
248
238
259
4
7
4
3
242
410
428
409
461
424
437
450
434
466
Excise taxes ■ Continued
-
Gross
Refunds
Net
6,200r
9,432
6,207
7,320
10,764
7,413
10,703
14,203
7,696
803
831
943
780
748
712
877
811
888
12
28
-3
12
10
15
12 .
14
14
897
674
832
847
13
12
11
12
884
Estate and gift taxes
663
821'
835
Customs duties
Net
93
111
94
97
87
93
91
94
103
108
111
110
100
1
_
*
*
*
*
*
_
1
_
Net miscellaneous receipts
Highway trust fund
Fiscal year
or month
Refunds
_
791
803
946
768
738
697
866
797
874
7,961
12,958
7,828
6,550
Gross
Deposits of
earnings by
Federal
Reserve
banks
Gross
Refunds
Net
Net
excise
taxes
4,861
5,386
5,664
4,637
5,354
5,542
5,322
5,665
6,260
6,188
5,413
1,676
6,709
15,222
15,705
16,614
15,477
16,260
16,844
16,551
16,963
4,473
17,548
3,530
3,680
3,784
5,490
4,976
5,101
4,688
5,307
1,485
7,425
39
36
49
54
59
66
77
91
31
98
3,491
3,644
3,735
5,436
4,917
5,035
4,611
5,216
1,455
7,327
2,387
2,494
2,657
3,394
3,308
3,444
3,782
4,209
1,243
5,287
68
64
66
107
120
110
106
134
31
137
2,319
2,430
2,591
3,287
3,188
3,334
3,676
4,074
1,212
5,150
2,662
3,266
3,533
3,252
3,495
4,845
5,777
5,451
1,500
5,908
6,857
18,581
5,935
100
5,835
5,446
160
5,286
6,400
841
7,241
524
603
473
583
470
492
436
594
554
574
749
658
594
1,408
1,517
1,513
1,447
1,294
1,283
1,392
1,485
1,530
425
578
506
8
7
4
9
7
11
13
9
9
6
8
7
11
417
570
502
358
404
420
12
12
8
395
356
475
407
436
516
14
9
9
14
9
12
527
553
542
521
568
534
517
548
581
459
555
507
416
13
12
13
10
490
503
501
478
524
460
460
490
526
450
513
513
462
38
50
4'
2
504
1,890
625
376
501
437
505
547
454
345
392
412
381
347
466
393
427
504
446
543
494
406
1969............
1970............
1971............
1972............
1973............
1974..... ......
1975............
1976............
T.Q............
1977............
5,818
6,384
6,334
5,565
1,677
6,844
224
32
123
313
153
123
146
152
1
135
1978 (Est.)......
7,005
148
1976-Oct........
Nov........
Dec........
1977-Jan........
Feb........
Mar........
Apr........
June.... .
July........
Sept....... .
Oct........
524
594
473
583
489
504
534
596
566
574
750
658
594
-
-9
19
12
98
2
12
1
-
1,567
1,523
1,589
1,529
Gross
Refunds
Net
Gross
Refunds
Net
513
1,897
636
389
509
446
511
555
461
421
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note:
Budget estimates for net receipts are based upon figures released
in testimony by the Office of Management and Budget before the U.S.
House of Representatives, Ways and Means Committee on August 1, 1977,
and other Treasury sources. Estimates in detail are not available
and are based on the 1978 Budget Revisions of the U.S. Government,
released February 22, 1977.
1/ Budget receipts are revised to reflect Earned Income Credit payments
in excess of an individual's tax liability, formerly treated as out
410
All
other
Total
247 2,908
158 3,424
325 3,858
380 3,633
426 3,921
523 5,369
935 3/ 6,711
,
2,5764,/ 8,028
112 1,613
628 6,536
43
44
74
58
58
54
48
59
62
50
498
572
575
512
lays, and now classified as income tax refunds.
Includes individual income taxes designated for the Presidential
election campaign fund. Prior to February 1974, these taxes were
included in "Other".
2 / Includes $442,615 thousand in fees for licenses to Import petroleum
and petroleum products.
k / Included $1,670 million in fees for licenses to import petroleum and
petroleum products.
* Less than $500,000.
r Revised.
ZJ
BUDGET RECEIPTS BY SOURCE
Fiscal Years 1969 - 1978
$Bil.
1973
1975
T.Q.
1978
1971
1973
1975
T.Q.
1978
1971
1973
1975
T.Q.
1978
1969
1971
1969
1969
1969
1971
1973
1975
T.Q.
1978
60
Source: Monthly Treasury Statement of Receipts and Outlays of the U.S. Government. For actual amounts see preceding Table FFO-2.
1 / Includes estate and gift taxes, customs duties, and miscellaneous receipts.
Treasury Bulletin
6
.FEDERAL FISCAL OPERATIONS,
Table FFO-3. - Budget Outlays by Agency
(In millions of dollars)
Fiscal year
or month
Legis
lative
branch
Defense Department
Agricul Commerce
ture De Depart
partment ment
Civil
Military
Health,
Housing & Interior
Education, Urban De Depart
Energy
Department & Welfare velopment ment 2 /
Department Department
Executive
Office
of the
President
Funds ap
propriated
to the
President
109
128
4,967
4,774
4,540
4,269
3,733
4,015
3,572
3,525
1,221
2,497
8,330
8,307
8,560
10,943
10,028
9,767
9,725
12,796
3,850
16,738
854
1,028
1,188
1,250
1,368
1,455
1,583
2,020
534
2,607
77,870
77,150
74,546
75,150
73,297
77,625
85,420
88,036
21,926
95,751
1,268
1,211
1,376
1,530
1,703
1,682
2,051
2,124
583
2,280
2,607
2,610
2,439
2,545
2,558
2,493
3,524
3,888
1,000
5,'223
46,594
52,338
61,866
71,779
82,042
93,735
112,411
128,785
34,341
147,455
1,529
2,603
2,890
3,642
3,592
4;786
7,488
7,079
1,397
5,832
837
1,136
225
1,256
-2,236
-4,881
2,162
2,293
788
3,085
„ 551
2,350
4,940
109,258
2,594
6,290
164,305
8,330
3,808
2,443
11,635
11,983
11,968
109r
399
590
252r
277
199
194
215
11,918
12,136
12,458
12,318
12,311
12,434
12,387
12,961 .
12,944
12,774
517
409
583
510
530
575
568
561
480
582
171
216
212
302
235
264
175
218
479
263
213
165
203
195
190
229
188
181
177
205
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977...........
277
340
384
487
540
625
726
779
225
976
173
183
205
284
325
85
392
31
36
47
55
49
75
93
79
16
73
1978 (Est.).....
1,147
454
81
6,410
16,732
1
39
26
5
6
6
6
5
9
6
6
9
6
4
5
9
493
-223
-574
-891
336
510
384
671
187
982
1,875
1,165
125r
191
201
7,244
7,820
8,305
194
218
171
281
332
1,372
1,286
1,705
1,825
1,102
1,316
332
425
409
449
474
488
965
1,674
1,471
1,773
8,004
7,907
8,146
7,745
7,954
8,364
8,317
7,851
8,094
7,992
182
116
111
159
198
198
-185
667
1,123
219
145
135
167
186
262
285
258
300
346
273
222
464
523
632
463
1976-Oct.......
Nov.......
1977-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept..... .
Oct.......
Fiscal year
or month
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977...........
1978 (Est.).......
1976-Oct.......
Nov.......
Dec.......
1977-Jan.......
Feb.......
Mar.......
Apr.......
May.......
June......
July......
Aug.......
Sept......
Oct.......
52r
99
77
142
60
101
70
87
98
81
61
25
35
46
29
27
82
55
116
88
40
31
31
1
Labor
Depart
ment
Justice
Depart
ment
The
judi
ciary
Treasury
Department
Transport
State
tation
Interest
Depart Depart
on the Other
ment
ment
public 2/6/
debt 4/
General
Environ
Services
mental
Protection Adminis
tration
Agency
240
272
226
National
Aero
Veterans
nautics Adminis
and
tration
Space
Admin.
3,475
4,356
7,923
10,033
8,639
8,966
17,649
25,742
5,905
22,374
437
448
468
568
591
730
844
1,061
316
1,132
5,970
6,417
7,247
7,531
8,183
8,112
9,247
11,936
3,003
12,514
16,588
19,304
20,959
21,849
24,167
29,319
32,665
37,063
8,102
41,900
336
206
31
275
6,792
6,674
8,512
6,464
1,512
7,660
701
763
1,114
2,032
2,530
3,118
1,108
4,365
425
446
501
589
468
-276
-624
-92
3
-31
4,247
3,749
3,381
3,422
3,311
3,252
3,267
3,670
953
3,944
7,669
8,653
9,756
10,710
11,968
13,337
16,575
18,415
3,957
18,019
24,174
1,248
14,832
44,251
9,155
6,056
357
3,948
19,040
1,459
1,738
1,931
2,010
2,038
2,313
1,831
1,890
1,755
1,766
1,950
1,692
1,575
116
58
80
1,019
1,331
1,127
1,7483
129
111
132
88
61
98
993
781
872
897
897
1,012
-101
74
102
-181
-3
83
-201
103
70
1,065
1,192
1,328
1,308
368
359
345
275
321
352
322
309
314
299
355
324
310
1,382
1,723
1,459
1,640
1,574
1,611
1,683
1,649
1,218
146
80
32
152
2,870
3,065
6,421
2,881
2,774
2,754
2,878
2,997
6,384
2,909
2,989
2,978
3,083
221
-165
1,785
115
-18
2,134
56
-353
2,021
124
-8
2,302
-
274
412
353
312
284
458
286
339
416
368
484
379
306
-103
92
34
-140
Source: Monthly Treasury Statement of Receipts and Outlays of the
United States Government. Budget estimates are based upon figures
released in testimony by the Office of Management and Budget before
the U.S. House ofRepresentatives, Ways and Means Committee on August
1, 1977, and other Treasury sources.
Note: Outlays consist of disbursement less Proprietary receipts from
the public and certain intrabudgetary transactions. Agency shifts are
shown in this table beginning with the period 6f such shifts; figures
prior to the shifts have been adjusted.
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made to
include totals for the period it was outside the Budget (August 17, 1971
through September 30, 1976). Also, adjustments are made to reflect
certain Export-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
negative outlays.
1/ Pursuant to Public Law 95-91, as of October 1, 1977, all functions of the
1,334
1,417
1,329
1,574
421
Other
independ
ent
agencies
2/
4,734
7,089
8,715
9,878
11,832
13,988
18,433
19,003
5,851
19,811
26,592
3,727r
1,585
1,595
1,141
66
1,575
1,709
1,840
1,723
1,675
1,356
1,811
3,978
240
515
640
916
1,180
1,531
1,797
2,067
2,242
Undistributed Offsetting
Receipts 2 / 1 /
Rents and
Royalties
on the Outer
Continental
Shelf lands
Total 6/
Other
-2,428
-2,662
-1,311
-2,374
-5,117
-6,380
-7,376
-7,858
-8,379
-9,893
-11,670
-12,042
-1,255
-12,679
184,548
196,588
211,425
232,021
247,074
269,621
326,105
365,648
94,660
401,896
-2,700
-10,862
462,882
-365
-539
-3,854
-399
-518
-377
-418
-505
-3,891
-356
-543
-914
-461
33,998r
33,079
31,890
32,617
30,735
34,292
35,363
33,592
32,881
-
-71
-120
-353
-61
-70
-82
-57
-104
-320
-983
-44
-59
-63
33,630
34,720
35,097
38,790
Energy Research and Development Administration, Federal Energy Adminis
tration, and Federal Power Commission, and certain functions of Interior
(Bonneville Power Administration and other power administrations) certain
other departments, and the Interstate Commerce Commission were transferred
to the Energy Department.
2/ Cumulative year to date figures may not add due to budget realignments.
2 / Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf lands were shown as proprietary receipts from the public for the
Interior Department. To conform with the FY 1976 Budget Document’s
presentation, these amounts were reclassified and are now "being shown
as undistributed offsetting receipts.
i j Reported on an accrual basis.
5/ For content see Table FFO-4.
. .
6/ Budget Outlays are revised to reflect Earned Income Credit payments in
excess of an individual* s tax liability, formerly treated as outlays,
and now classified as income tax refunds,
r Revised.
7
December 1977
FEDERAL FISCAL OPERATIONS
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Interest credited to certain Government accounts
Federal employer contributions to retirement funds
Health, Education,
and Welfare Dept.
Other
Federal Old-Age,
Disability, and
Hospital Insurance
Civil Service
Retirement and
Disability Fund
611
728
727
742
816
911
1,082
1,138
294
1,152
1978 (Est.).......
1976-Oct.........
Nov.........
Dec.........
1977-Jan.........
Feb.........
Mar.........
Apr.........
May.........
June........
July........
Aug.........
Sept........
Oct.........
1/
1,401
1,709
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
1977............
6
8
8
Total
Soldiers' & Federal Old-Age Federal
Disability
and Survivors
Airmen’
s
Insurance
Insurance
Home
Permanent
Trust Fund
Trust Fund
Fund
140
1,009
3
221
1,346
3
1,617
324
3
388
1,718
3
1,848
435
3
2,039
479
4
512
2,296
7
467
6
2,346
80
1
13
6
2,275
374
2,192
1,024
99
1,204
2,018
2,444
2,611
2,768
2,927
3,319
3,980
4,242
985
4,548
1,293
2,228
1,132
4,653
85
87
92
158
205
178
156
170
195
179
48
60
38
352
-
308
2
124
54
49
49
49
65
58
51
558
51
378
323
340
330
375
332
340
346
831
350
_
1,876
2,018
9
2,101
10
1,756
1,918
2,080
592
652
99
99
96
102
980
220
106
100
167
98
184
193
186
208
101
87
91
Healthy, Education, and Welfare Department
Defense
Department
Civil Service
Commission
Fiscal year
or month
6
2,162
292
2
-
1
_
17
29
43
77
104
104
4
198
406
607
708
5
770
132
180
864
2
1
2
4
9
4
4
5
149
*
366
2
6
1
4
63
27
41
-
1
183
173
58
16
40
41
951
12
190
2
11
37
69
23
94
138
263
961
6
Federal
Supplementary
Medical
Insurance
Trust Fund
Federal
Hospital
Insurance
Trust Fund
47
1
?
4
5
5
5
57
1
1
2
4
7
364
3
10
6
6
7
3
7
2
Interest credited to certain Government accounts-Continued
Veterans Administration
Fiscal year
or month
Labor
Department
Unemployment
Trust Fund
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
517
601
637
496
487
650
639
283
55
1977.............
Civil Service
Commission
Department
Highway
Trust Fund
Government
Life
Insurance
Fund
National
Service
Life
Insurance
Fund
Civil Service
Retirement and
Disability
Fund
32
31
31
32
31
31
31
31
*
32
225!
245
271
292
309
338
232
53
115
184
206
247
415
586
587
13
593
433
2,136
2,463
71
2,841
1978 (Est.).......
354
663
33
475
3,182
1976-0ct..........
7
28
43
9
17
249
1
1
1
1
2
•
*
*
16
*
*
*
*
*
16
*
*
*
*
Dec..........
Feb..........
Mar..........
38
-6
May..........
14
17
46
July.........
2
29
Sent..........
Oct..........
12
20
3
295
1
6
10
12
368
398
8
1
-
805
987
1,232
1,464
1,566
1,838
2
8
10
210
38
1,289
*
6
*
1
Source: Jfonthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: Revised Budget estimates are based on the Mid-Session Review of the
1978 Budget, released July 1, 1977. Other estimates are not available
in the necessary detail and are based cm the 1978 Budget, released
January 17, 1977.
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 adjustments of interest on public debt
issue to convert to the accrual basis. Also includes Indian tribal
funds, Interior Department, Judicial survivors annuity fund, State,
3
67
9
15
8
20
Total
2,662
1,311
2,374
8,607
2,700
13,562
74
187
3,546
120
71
436
659
4,207
235
242
1
2
11
1
3
14
75
*
- 10
4
6
14
12
23
40
130
92
1
*
1
1
1
-
Grand
total
5,117
6,380
7,376
7,858
8,378
9,893
14,098
14,704
2,567
15,053
162
3
213
16
6
3
63
U
230
246
13
91
3
2
6
Other
3,099
3,936
4,765
3,089
5,452
6,574
7,690
7,800
270
8,131
8
1,302
*
191
215
251
258
262
257
274
42
205
*
Railroad
Retirement
Board
Rents and
royalties
on the Outer
Continental
Shelf lands
2/
20
196
37
88
130
107
3,559
*
3
4
*
15
197
83
111
-
-
2,428
353
61
70
82
57
104
320
983
'4
4
59
63
460
588
459
475
609
4,211
1,338
587
973
524
foreign service retirement and disability fund, and Airport and Airway
trust fund.
2 / Prior to January 1975, Rents and Royalties on the Outer Continental
Shelf Lands were shown as proprietary receipts from the public for
the Interior Department. To conform with the FY 1976 Budget Docu
ment's presentation, these amounts were reclassified and are now
being shown as undistributed offsetting receipts. As a result, the
detail will not add to the Fiscal Year 1974 totals.
* Less than $500,000.
Table FFO-5. - Budget Outlays by Function
00
(In millions of dollars)
F.Y. 1977
1
I
Oct.
Nov.
Dec.
Jan.
National defense
Outlays..........................
Proprietary receipts from the public....
Intrabudgetary transactions..........
Total............................
8,433
-841r
4
7,597r
8,321
-881
7,434
8,523
-952
4
7,575
8,604
-1,523
1
7,082
8,419
-293
5
8,131
International affairs
Outlays.......................... .
Proprietary receipts from the public.
Intrabudgetary transactions.......... .
Total'............................
578r
-Li
-25
539
312
-18
294
498
-26
472
412
431
400
418
305
General science, space, and technology
Outlays...........................
Proprietary receipts from the public.
Total............................ .
Natural resources, environment, and energy
Outlays...........................
Proprietary receipts from the public...
Intrabudgetary transactions..........
Total.............................
Agriculture
Outlays.......... .................
Proprietary receipts from the public...
Total.............................
Commerce and transportation
Outlays...........................
Proprietary receipts from the public...
Intrabudgetary transactions.......
Total.............................
Community and regional development
Outlays...........................
Proprietary receipts from the public...
Intrabudgetaiy transactions...........
Total.............................
Education, training, employment and social
services
Outlays...........................
Proprietary receipts from the public...
Total.............................
-< ?
-*
431
1,108*
-87r
_*
l,020r
206r j
1
-I8r
187r
2,235r
-3
-*r
-63
349
-1
Feb.
Mar.
F.Y. 1978
Apr.
May
June
July
Aug.
9,550
-979
1
8,572
9,007
-1,029
8,785
-230
2
9,587
-1,184
2
8,438
-434
9,671
-1,256
-3
9,395
-397
-18
8,470
-405
22
8,433
-841
7,976
8,555
8,404
8,004
8,412
8,979
8,087
7,597
398
-17
551
-29
582
-35
-•*
537
-69
-5
521
-25
-*
381
521
548
284
439
463
497
981
-45
-68
868
460
-14
-*
330
-28
-18
503
-64
-*
578
-14
-25
539
333
403
356
351
362
-2
392
2
379
-*
431
-•*
356
350
362
358
-2
356
422
-*
420
393
378
431
M
O
M
1,294
-217
1,385
-145
-1
1,559
-138
-1
1,664
-258
-2
1,912
-406
5
1,382
-122
-1
1,108
-87
>
i
—i
_*•
-1
*
*
Sept.
446
_*
400
418
304
333
1,461
-119
-1
1,342
-125
1,257
-214
1,086
-190
-1
1,317
-137
1,341
1,217
1,042
895
1,180
1,077
1,239
1,421
1,266
1,404
1,511
1,259
1,020
677
-47
630
728
-221
322
574
-10
738
-1
148
-10
254
2
332
2
733
7
740
59
-9
1,095
507
392
191
582
•50
1,103
206
-18
187
1,730
-4
999
-4
995
1,874
-11
3,591
-4
-*
2,235
-3
1,8
3,586
2,232
518
-78
-42
398
_______ ^
-1
-1
28
403 *
-1
-*
1,502
-235
-*
tr1
GO
O
350
564
737
138
256
334
689
-8
681
-318
-5
1,271
-6
1,321
-5
1,592
-6
1,426
-7
987
-8
-323
1,265
1,316
1,586
1,419
978
516
-34
513
-15
-2
586
629
5
-8
893
-14
-5
49
-2
769
-131
-11
627
875
941
628
1,972
-2,
1,801
1,758
3
1,970
1,801
1,761
>
o
1,130
1,128
_*
-*
2 ,232r
1,726
5l8r
-78r
-42
789
-30
-2
756
520
-14
-1
427
-22
-8
-6
550
4
-28
506
397
480
496
579
525
708
-36
-1
670
1,130
-1
1,710
-1
1,564
-1
1,542
-1
1,587
-1
1,646
-2
1,606
-1
1,128
1,709
1,563
1,541
1,585
1,645
1,604
1,630
-3
1,628
1,773
-1
1,772
398r
Oct.
Comparable
period
fiscal
1977
-1
996
-■*
1,658
-1
1,656
hd
h
5
I
—I
o
2
GQ
"
Footnotes at end of table.
3
I5
I s
8*
Table FFO-5. - Budget Outlays by Function-Continued
(In millions of dollars)_________________
F.Y. 1977
Nov.
Oct.
Health
Outlays........................
Proprietary receipts from the public
Intrabudgetary transactions......
Total.........................
Income security
Outlays.......................
Proprietary receipts from the public
Intrabudgetary transactions......
Total.........................
Veterans benefits and services
Outlays....................... .
Proprietary receipts from the public
Intrabudgetary transactions...... .
Total.........................
Law enforcement and Justice
Outlays:::.;.... ...............
Proprietary receipts from the public
Intrabudgetary transactions......
Total.........................
General government
Outlays.......................
Proprietary receipts from the public,
Intrabudgetary transactions...... .
Total..........................
Revenue sharing and general purpose
fiscal assistance
Outlays.......................
Proprietary receipts from the public
Intrabudgetary receipts..........
Total..........................
Interest
Outlays....................... .
Proprietary receipts from the public,
Intrabudgetary transactions...... .
Total.........................
Undistributed offsetting receipts.....
Net Budget outlays..............
Dec.
3,410
-2
-393
3,014
4,936
11,61^
-*
-545
11,069
11,323
_*
-311
l,436r
-38r
____-*
1,397*
3,629
1
-376
3,252
383
Apr.
May
3,874
-2
-1,199
3,634
-3
-390
3,717
2,674
13,522
_*
-831
12,691
Feb.
-866
3,355
-4
-390
4,071
2,961
-383
3,064
11,351
-*
-819
10,532
12,380
11,751
-751
-177
11,629
11,574
1,737
-37
_*
1,508
-41
1,674
-44
1,649
-43
-*
1,658
-46
1,699
1,467
1,630
1,606
301
297
-*
339
246
-2
11,012
1
-1
1
3,447
1
*
F.Y. 1978
Function
July
3,800
Sept.
3,968
-3
Oct.
3,359
-3
3,115
3,469
3,550
*
-234
3,316
11,734
11,603
11,652
-143
11,590
-5
11,598
11,643
1,377
-39
w*
1,470
-40,
1,360
-35
1,225
1,338
1,430
318
-2
292
-1
-1
3,241
-399
3,317
-401
3,398
12,012
11,627
-564
11,448
-182
12,435
_*
■
-1,306
11,445
11,129
1,724
-40
_*
■
1,662
-36
_*
1,272
-46
1,611
1,684
1,625
293
306
285
-1
Aug.
3,583
-1
-468
3,355
11,479
-1
___ = L
2
Comparable
period
fiscal
1977
vo
3,629
, -m
3,252
11,615
_*
■
-545
11,069
1,625
-37
1,436
-38
M
G
W
1,587
li397
263
4
-1
1,325
283
-1
383
383
205
-10
-24
383s
300
297
340
244
292
305
285
316
291
269
267
282
205
-10
-24
442
-28
-18
377
-33
-18
108
20
-35
330
-12
-32
366
-54
-29
133
5
-25
530
-20
-22
591
-26
-240
328
-18«
3,
7
7,431
-25
-7,080
224
-28
-14
1 1.?
7
395
326
93
285
284
113
488
324
199
9
-9
198
347|
326
>
t*
r
11
—
co
o
182
>
t*
r
3
w
>
I
2,002 r
-15
130
590
2,062
44
31
3,767
3,373
-3,327
2,791
-97
-5
'2,690
-2
1,987
590
“l27
2,062
44
31
-1,664
2,103
2,755
-26
-87
2,642
2,879
-80
-361
2,438
6,305
-51
- -229
6,025
'
2,738
-58
-297
2,382
2,708
-20
-14
2,674
2,570
-38
-10
2,522
2,782
-28
-3
2,751
-659
33,079
-4,207
31,890
-4^0
32,617
30,735
-459
34,292
-475
35,363
33,998-
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made to
include totals for the period it was outside the Budget (August 17, 1971
through September 30, 1976). Also, adjustments are made to reflect
certain Export-Import Bank borrowing transactions now classified as
agency debt. These transactions were previously reported as off-budget
*
r
45
47
2,257
4|
4
129
-55
-9
2,002
-15
-6,855
9,129
hH
o
55
GO
~
2,257
44
65
2,274
1,987
6,159
-36
-215
5,908
2,765
-27
-244
2,880
-31
-5
2,494
2,844
-587
2,797
-35
-40
-2,722
2,936
-22
___ -6
2,908
2,755
-26
— sfL
fl
2,642
33,630
34,720.
-973
35,097
38,790
33,998
-4,211
32,881
negative oij+layc.
Less than $500,000.
Revised.
VO
10
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS.
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health, Education, and Welfare Department
Fiscal year
or month
Federal
Old-Age and
Survivors
Insurance
Trust Fund
Federal
Federal
Supple
Disability Federal
Hospital
mentary
Insurance
Insurance Medical
Trust
Trust Fund Insurance
Fund
Trust Fund
1969..............
1970..............
1971........ ......
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
1978 (Est.)........
2,898
3,953
1,274
1,827
2,298
2,217
2,175
-1,924
-913
-1,645
-2,268
1,121
1,342
1,263
934
792
391
-37
-1,227
-477
-2,211
66
590
693
377
-146
1,338
3,642
1,897
1,181
67
-36
3,222
1976-Oct..........
Nov..........
Dec..........
-1,794
-170
257
-380
-349
28
1977-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
-1,125
35
250
841
1,693
-1,091
-1,252
1,732
-1,019
-2,247
-184
-240
-103
-29
-161
8
-393
-291
365
-262
-8
845
-181
100
354
-337
-6
-221
-398
.July.........
Aug..........
Sept.........
Oct..........
-334
-228
-240
-467
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
878
1,058
593
183
534
1978 (Est.)........
403
1976-Oct...........
Nov...........
Dec...........
1977-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
67
71
116
July..........
Aug...........
Oct...........
-
40 *
63
61
47
59
142
51
-50
-132
42
Other
*
*
-1
77
-345
244
221
222
531
148
-148
14
988
-
-*
*
*
-
1
1,064
Federal
Housing Partici
Adminis pation
tration Sales
Fund
165
465
-369
131
128
197
-202
109
31
299
63
I84
200
223
118
261
28
27
190
-95
160
-357
*
80
73
451
6
103
50
11
62
128
6
-6
-43
-
*
*
43
31
-5
87
-5
14
-*
49
19
-10
-
*
-
*
*
*
*
85
176
-237
-307
Treasury
Department National
Airport
Service
Highway
and
Life In
Airway
Trust Fund
surance
Trust Func
Fund
Labor Department
Government National
Federal
Mortgage Assn.
Veterans
Administration
Transportation
Department
Fiscal year
or month
Housing and Urban Development Department
Other
Other
other
-8
-6
-8
-4
1
12
29
2
17
-19
Adminis
tration
32
28
14
1
6
5
-8
12
2
-3
Unemploy
ment Trust
Fund
-
2
5
9
15
8
7
-47
10
938
488
-1,747
-1,428
1,144
1,165
-4,938
-2,373
104
1,073
3,900
-32
565
-707
-3
-
-5
54
-4
-258
9
32
-31
50
20
1
3
-2
-5
3
-
_
-
3
7
-2
3
3
*
_
_
-*
-3
1
2
-
_
-21
20
37
3
2
-2
1
1
_
_
*
-2
-7
•
Federal
Savings
and Loan
Insurance
Corpora
tion
Postal
Service
Federal
Civil
Deposit
Insurance
Service
Commission Corpora
tion
Other
-927
59
-667
460
2,680
-744
-80
1,312
-847
_
-
_
Railroad
Retire
ment
Board
All
other
Total
8,522
10,062
7,417
11,821
14,813
7,031
4,341
-3,514
9,243
534
1,089
1,033
822
1,094
2,049
1,937
-505
-79
1,127
356
-747
-5
1,380
1,201
353
-566
-920
56
40
525
5
86
83
62
272
178
111
215
25
219
29
14
20
29
26
30
27
42
*
40
1,975
1,960
2,932
3,123
3,337
3,669
4,635
5,253
-755
7,428
313
328
180
438
537
225
404
470
-128
855
283
173
196
148
257
378
316
368
135
424
1,370
-280
-292
-90
125
599
-160
-660
-171
-204
237
-145
26
67
110
165
2,030
-1,682
145
-
303
46
5,753
371
401
-920
23
236
12,748
-128
-93
155
170
152
173
130
134
271
-1
208
293
7
5
195
-322
-127
958
-14
-10
-24
-147
-4
206
-173
-165
-230
-330
-228
1,302
24
90
-99
98
408
18
18
92
4
12
111
30
8
95
17
18
-18
24
1,517
-170
245
-300
-155
282
-191
-499
69
-5
4
29
79
-173
-1,489
268
2,205
-3,099
U7
-192
220
-61
-297
-34
-164
-304
-28
1,131
52
73
-8
4
-32
-21
145
-79
-17
-3
-2
38
1
-3
-5
-18
-1
39
3
4
-2
-1
-1
-3
-2
-2
-348
-185
7,276
-432
19
179
22
89
13
15
-162
-98
-777
1,572
-282
16
-175
-235
-4
36
-7
84
190
31
-57
-50
-13
43
-5
-11
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government. Budget estimates are based on the 1978 Budget of the
U.S. Government, released January 17, 1977.
Note: Figures may not add due to rounding.
* Less than $500,000.
-57&
_
59
268
-9
-110
24
-60
-290
-246
8,420
310
510
558
3,930
1,767
-2,460
3,114
3,629
-3,296
Table FFO-7. - Trust Funds Transactions October 1, 1977 through October 31, 1977
(In millions of dollars)
Receipts
Classification
Outlays
Unified
budget
Trust
receipts Total in
Total in interfund Receipts Interfund attrib
trust
trust
and pro of trust trans
utable
funds
funds
actions
funds
to trust
prietary
2/
funds
receipts
(2)
(1)
Federal Disability Insurance........
Federal Hospital Insurance.......
Federal Employees Life and
Health Benefits................
Federal Deposit Insurance
Corporation...................
Airport and Airway..............
General Revenue Sharing....... T. .
Highway.......................
Military Assistance Advances......
Railroad Retirement.............
Unemployment...................
Veterans Life Insurance..........
All other trust funds...........
Total........................
(3)
(4)
(8)
(9)
Federal
employer
contri
butions
Interest
and pro
fits on
invest
ments in
Federal
securities
(10)
(11)
(12)
-
68
9
16
846
1,388
-
-
1,388
-
14
7
204
_
-
7
-
*
259
7
15
_
1
543
882
_
263
543
884
_
274
-
_
-10
-
-
-10
-
-
-
-
_
210
1
536
-
_
338
-
564
38
-
41
6
2
Unified
budget
outlays
attrib
utable
to
trust
funds
Excess of
receipts
or outlays
(-)
(15)
(16)
6,277
997
1,372
-2,183
-447
-526
274
537
608
-333
-346
-
-10
10
-577
36
-
109
15
-
16
_
_
_
577
-
-
577
-
- -
-
-
-
577
101
1
-
100
6,855
65
1,708
-
65
1,708
-
-
1
64
1,708
594
-
619
271
619
-67
335
-
-
-
1
12
-
-
-
-
6,855
606
58
6
52
335
564
1
23
1
541
-
904
40
-
338
-
45
30
15
12
3
63
-
37
30
14,984
407
14,577
476
14,101
14,786
1
405
38
(14)
_
538
338
58
_
6,386
1,012
210
6,855
606
(13)
-
-
-
*
kf
-
862
_
(6)
Total
6,386
1,012
4,203
565
862
_
(5)
Other
4,094
550
*
-
_
(7)
Federal
payments
and con
tribu
tions
109
15
4,203
565
101
Outlays
of trust
funds
Source: Based on Monthly Treasury Statement of Receipts and Outlays of
the United States Government.
Note:
The memorandum section of various tables in the Federal Budgets
presents the trust fund receipt and outlay data an the same concept as
columns (3) and (9) above. Trust interfund transactions are payments
from one fund to another trust fund a a are excluded in calculating
nl
trust fund receipts and outlays. The intragovemmental transactions
are payments from Federal funds to trust funds, and vice versa, but
1/
2/
2/
ij
*
904
3
33
-
14,379
*
12
6
20
3
*
12
6
-
1
*
12
23
1
12
350
111
15
476
-
exclude $14 million in trust fund payments to Federal funds.
For content see columns 7 and 8
.
For content see columns 10-13.
Includes net taxes and other receipts, mainly deposits by States and
Federal employee retirement contributions.
Excludes trust fund payments to Federal funds, such as charges for
administrative expenses of Social Security Act.
Less than $500,000.
5,147
607
-67
330
881
1
20
-13
67
-277
13,903
198
-340
-1
-18
.FEDERAL FISCAL OPERATIONS
Federal Supplementary Medical
Insurance.....................
Federal Employees Retirement......
Propri
etary
receipts
from the
public
2/
V
Federal Old-Age and Survivors
Insurance.....................
Interfund transactions
Trust
inteiv
fund
trans
actions
12
Treasury Bulletin
.FEDERAL OBLIGATIONS.
"Obligations" are the basis on which the use of funds
is controlled in the Federal Government.
They are recorded
of categories which are based upon the nature of the trans
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.
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, 6ne
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 Government's
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.
The September through October 1977 obligations data are not included
in this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
13
December 1977
.FEDERAL OBLIGATIONS.
Table FO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, August 31, 1977
___________________________________ (In millions of dollars)_______________________________
Gross obligations incurred
Object class
Outside
Personnel compensation......
Personnel benefits.........
Benefits for former personnel.
47,659
1,579
9,042
gontrftp-Wi.
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services..................
Supplies and materials............
47,659
5,846
9,042
1,599
1,550
2,949
359
34,467
25,949
Equipment...............
Lands and structures......
Investments and loans.....
Grants and fixed charges
Grants, subsidies, and contributions.
Insurance claims and indemnities...
Interest and dividends............
Refunds........................
2,195
3,389
5,812
855
47,601
36,551
18,266
6,837
16,335
A9u.jr.no qptO a s t
qjgjtQ f aig. s e s
596
1,839
2,862
496
13,134
10,603
6,924
380
82
25,190
7,217
16,417
105,016
136,726
42,925
1,237
104,926
90
136,726
32,796
1,237
10,129
622
6,704
181
3,888
1,579
2
4,510
8,283
182
449,781
56,871
506,652
Other
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
Gross obligations incurred l/.,
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of ’net obligations
’
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may he 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.
506,652
-80,376
-47,888
378,388
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, August 31, 1977
__________________ (In millions of dollars)_________ _____________________
Major object class
Major function
National defense...................
International affairs...............
General science, space, and technology..
Natural resources, environment, and
energy..........................
Agriculture.......................
Commerce and transportation..........
Community and regional development....
Education, manpower, and social services
Health...........................
Income security....................
Veterans benefits and services.......
Law enforcement and justice..........
General government.................
General revenue sharing.............
Interest..........................
Personal
services
and
benefits
Contractual
services and
supplies
38,940
490
766
45,288
2,861
678
3,183
2,030
2,969
481
1,625
310
751
1,332
2,061
667
3,231
993
3,160
1,142
2,818
2
1
Less than $500,000.
_
Other
Total
66,873
Lands and
structures
16,922
26
81
3,853
12
114
605
16
278
1,808
9
29
40
7
150
79
8
156
2
221
25
77
*
24
20
_
474
30.595
_
6,454
9,648
31,103
18,266
6,837
16,335
275,685
7,507
449,781
34
58,280
*
Grants
and
fixed
charges
Equipment
1,753
1,204
385
3,008
2,987
Acquisition of capital assets
13
527
_
Investments
and loans
*
202
1,891
969
451
-
39
6,616
2,967
3,379
313
109
391
136
_
*
20
5,965
1,868
8,152
23,147
20,021
35,879
119,768
17,853
663
529
9,625
5,901
728
-
1
32
111,106
5,109
4,572
-
14,463
11,253
16,663
27,991
21,791
40,776
123,982
79
22,629
3
1
2,243
144
585
2
28
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, August 31, 1977
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
benefits former
compen
sation
personnel
1/
Defense Department:
Military:
Department of the Army.........
Department of the Navy.........
Department of the Air Force....
Defense agencies..............
Civil defense.................
Total military................
*
-
Travel and
trans
Transpor
portation tation of
of persons things
Rent, com
munications ,
and
utilities
Printing
and
repro
duction
"
10
1
4
•
22
2
238
*
*
*
*
1
6
6
2
13
3
1
6
5
*
1
-
•
•
2
l
95
25
72
32
3
•
9,627
10,937
7,811
1,325
12
1*5
312
1,040
-
16
5
8
7,479
434
272
126
33
1
29,712
1,497
7,508
395
-
The judiciary.....................
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Other..........................
Agriculture Department:
Commodity Credit Corporation.....
Other..........................
Commerce Department...............
"
9
100
27
i
f
1,611
564
Civil..........................
Health, Education, and Welfare
Department............. .........
Housing and Urban Development
Department:
Government National Mortgage
.
*
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
Sup
plies
and
mate
rials
33
7
*
3
Other
ser
vices
Grants and fixed charges
Invest
ments
and
loans
'
Grants,
subsidies
and con
tributions
25
*
3
-
*
-
«
-
-
«
-
-
“
“
“
•
2
-
"
“
-
646
3
40
4
353
274
-
-
2
-
.
-2
2
327
27
.
-
44
2,445
515
„
87
5.780
20,483
____ 1J05_
_
25,366
34,438
28,656
*
“
“
7
59*
4
11
8
129
.
2
-
1
•
5
149
43
4
10
71
237
153
1,704
645
34
*
55
39
44
50
202
•
437
449
222
55
•
394
270
236
476
•
4
14
12
6
*
3,189
9,385
4,288
1,140
10
3,422
6,161
4,584
4,94|
2,020
6,141
8,165
183
•
1.834
385
487
133
•
1
11
1
«
38
7t
8 6
1,163
1,376
36
18,012
19,112
16,509
2,839
•
51
109
2
598
8
3
10
1
323
68
95
1,042
_
6
1
418
32,621
7,553
36
-
-
20,878
716
534
8,910
440
1,628
57
167
4
*,775
77
1
21
402
12
*
105,603
*
*
«
835
-
3,554
567
8,504
6.157
____ 11 ... - . m .
25
73
9
126
4
1,636
144
41
165
296
1,175
933
287
256
1,697
78
•
«
*
1
10
6
1
28
22
2
68
54
24
24
145
4
2
*
7
1
2
365
729
132
99
32
504
2
181
91
8
6
197
1
70
22
7
12
209
443
533
18
*
127
16
59
50
21
36
66
4
49
2,037
47
-
1,919
254
193
511
-
*
«
*
•
78
14
12
6
13
13
1
49
77
152
11
516
35
4
1
*
135
4,652
160
607
44
5
8
1,225
18
276
10
55
36
1,021
1
17
112
.
-
4,897
16
5*9
2,928
-
•
•
16
64
90
3
*
2,742
446
91
67
8
8
67
148
114
220
610
1
3,365
8
83
576
797
2
•
601
*
•
*
*
*
*
•
-
1,056
6
7
5*
-
Total......................... **7,659
1,579
9,042
-
Energy Research and Development Admin
Environmental Protection Agency......
General Services Administration.....
National Aeronautics and Space
Veterans Administration............
Other independent agencies:
Small Business Administration......
Tennessee Valley Authority.......
Off-budget Federal agencies
Housing for the Elderly or Handicapped
777
•
•
76
8
2
23
55
1,599
1,550
2,949
28
978
350
*
57*
»
•
1,089
-
854
*
-193
781
16
7
3
7
24
1
1
*
22
3,838
*
5,879
9,359
-75
•
•
13
-
1
-5
-1
-72
15
22
-77
_
1,631
410
z
92
“ ■*8
104.725
_
_
2,156
28
-
-
45,117
36
3
•
12
.
8
26
63
.
3
290
-
*
*
2
-
23
24,535
3,783
1,850
14,909
1,239
4,799
30,302
293
_
54
1
_
-
-20
-
1
-
_
-
30,302
293
9,339
114,196
6,392
5,292
3,056
-
-
-
79
.
-
3,656
17.895
142
•
305
-1
-1
9
_
.
.
1
_
92
-
*
-
8,887
353
76
69
-
1,131
957
2,938
19,435
18,266
6,837
16,335
104,926
136,726
32,796
1,237
622
6,704
181
449,781
-
-
-
-
-
.
.
.
79
175
-
29
6
16
-
122
189
-
-
-
-
-
195
11*167
25.9*9
2
•
90
-
155
•
63
4,859
34,467
5
9,339
6,142
*
Obliga Untions in vouchcurred
ered
abroad
45
82
1,154
18
359
-
51
-
Undistrib
uted U. S.
obliga
tions
777
661
1
4*4
15
89
199
2,934
Total
gross
obliga
tions
incurred
Equip
ment
-
Transportation Department..........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
Insurance
Interest
claims
and
Refunds
and indem dividends
nities
Lands
and
struc
tures
2,236
Interior Department...............
Justice Department................
Labor Department..................
Other
9,250
“
48
*
*
-
*
-
-
-
-
.
-
-
1,096
-
-
-
-
_
.
.
1,096
Si
7
-
-
•
•
1
*
2
*
*
-
.
-
6
.
.
.
.
_
18
<3
48
28
2
9,257
978
92
351
Source:
Reports on Obligations, Standard Forms 225, from agencies.
Note;
Agency shifts are shown in this table beginning with the periods of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes 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.
122
79
175
1,096
189
35
22
-
-
-
-
12,476
Rural Electrification Administration
revolving funds..................
Pension Benefit Guaranty
Corporation..................
Total Off-budget Federal
agencies.....................
2/
da
Office only.
Housing for the elderly or handicapped since Aug. 22, 197*, Postal Service since July 1, 1973, Rural Electri
fication Administration revolving funds since Hay 12, 1973, and Pension Benefit Guaranty Corporation since
Sept. 17, 197*1.
#•
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
T.Q.
Object class
Aug.
FY 1977
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Comparable
Cumulative period
to date
FY 1976
flattcpal d^f^s^:
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 indemnities....
Interest and dividends...........
Refunds........................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
Total national defense.
Personal services and benefits:
Personnel compensation......
Personnel benefits.......
Benefits for former personnel.
Contractual services and supplies:
Travel and transportation of persons.
Transportation of things..........
Rent, communications, and utilities..
Printing and reproduction.........
Other services..................
Supplies and materials...........
Acquisition of capital assets:
Equipment......................
Lands and structures.............
Investment and loans............
Grants and fixed charges:
Grants, subsidies and contributions.
Insurance claims and indemnities....
Interest and dividends...........
Refunds.......................
Other:
Undistributed U.S. obligations.
Obligations incurred abroad....
Unvouchered................
Total non-defense.
Grand total.
Less than $500,000.
Revised.
2,373
274
647
3,127
324
658
2,834
295
701
2,640
159
612
2,562
20
666
2,730
147
658
2,583
151
657
2,794
46
695
2,832
127
698
2,505
131
705
3,018
143
701
1,817
117
666
3,618
163
751
29,933
1,498
7,509
28,636
3,697
6,836
126
91
137
2
1,502
1,383
34
164
79
-4
2,437
1,933
88
131
179
5
3,686
1,753
68
108
157
6
2,089
1,762
62
91
125
-2
2,472
1,794
76
107
147
3
1,841
1,767
67
99
124
4
1,869
1,697
85
128
179
4
2,395
1,758
90
99
156
6
2,653
1,989
75
121
87
3
1,587
1,561
99
103
159
6r
l,470r
2,253
48
62
106
3
1,352
1,454
119
132
111
2
1,123
1,337
877
1,181
1,528
40
22,536
19,126
841
1,499
1,544
90
19,031
16,574
1,012
100
1,234
322
1,534
289
1,771
92
1,974
233
1,607
161
1,628
265
1,472
710
1,969
172
1,314
161
1,474
873
796
96
1,383
801
16,922
3,853
13,460
2,286
9
13
7
8
1
11
4
3
34
22
2
19
1
8
3
3
2
7
2
-15
1
15
-5
3
1
-1
10
1
1
6
2
2
2
23
-10
3
52
111
15
25
65
95
35
161
358
8
-5
-122
___8
1
480
7
10,562
-2
462
8
143
10
-95
573
8
393
7
3
562
10
1
207
8
9,904
9,605
10,434
11,292
8,751
10,883
6,746
-74
1,347
____ 9
10,840
-77
5,885
___ 92
111,106
12
3,066
86
10,226
534
__ 9
10,018
1
634
__ 9
8,038
-1
550
7
12,070
98,010
1,593
2
767
1,683
21
50
1,495
14
213
1,606
-1
73
1,700
8
154
1,807
8
197
1,189
5
131
1,708
9
180
1,619
6
110
1,590
6r
120
1,543
8
119
1,777
9
59
17,726
81
1,533
16,421
63
4,600
59
33
121
42
972
559
79
24
153
48
1,436
442
57
38
139
31
1,294
1,141
66
26
141
24
1,162
322
63
42
115
42
824
955
80
23
258
33
1,24°
428
43
60
8
22
1,104
452
69
46
136
21
1,220
438
71
47
116
28
1,108
446
64
10
124r
29
1,074
480
30r
l,304r
l,046r
62
38
126
27r
6l6r
409
72
24
127
30
974
707
722
368
1,421
319
11,930
6,823
683
389
1,232
324
11,533
7,447
136
114
1,340
266
343
1,474
82
380
793
78
88
1,460
192
273
1,558
173
292
1,037
148
1,454
97
177
1,304
83
257
2,117
132
205
1,457
115r
181r
l,390r
120
597
868
187
388
2,899
1,344
2,985
16,335
2,239
2,425
15,230
16,179
12,106
2,361
84
16,006
23,725
10,240
135
8,743
11,477
2,418
93
5,117
11,801
2,560
84
9,225
13,245
5,164
83
9,007
13,154
2,506
170
5,994
11,946
2,406
79
11,995
13,892
2,353
120
10,134
13,220
2,451
103
9,081
ll,777r
2,554
183
10,910r
12,404r
4,934
98r
16,304r
12,282r
2,791
25
8,365
11,418
2,640
179
104,874
136,615
32,777
1,217
115,028
122,703
28,400
1,243
277
46
____ 8
36,798
104
178
____ 8
-10
47
____ 9
-36
71
12
81
70
____ 6
30,579
34,275
-149
54
____ 7
28,798r
-41
77
7
34,555r
-30
121
____ 2_
36,035r
698
818
33,690
—618
75
____ 7
31,380
525
155
____10
28,454
18
49
____ 6
2g,198
455
50
_ 6
_
56,414
503
48
__ 9
25,168
30,545
338,675
-2,303
993
90
328,740
44,836
66,640
40,524
35,186
44,252
40,483
34,803
44,709
42,671
37,549r
45,439r
42,780r
41,386
449,781
426,751
l,690r
9r
178r
77r
15r
131r
Treasury Bulletin
16
.FEDERAL OBLIGATIONS.
Table PO-1. - Gross Obligations Incurred Within and Outside the Federal Government
by Object Class, July 31, 1977
___________________________________ (In millions of dollars)______
______
Gross obligations incurred
Object class
Outside
Pgrsoasq. serves mfl.fcwwiata
Personnel compensation.... .
Personnel benefits...... ................. ..................
Benefits for former personnel.................................
Within
42,263
1,409
Total
42,263
m
8,232
3,774
1,408
3,015
5,298
720
44,539
33,433
13,527
smlis-s.
Travel and transportation of persons...........................
Transportation of things.......... ....................... .
Rent, communications, and utilities..... ......... .............
Printing and reproduction...... ............................. .
Other services................................ ..............
Supplies and materials..................................... .
32,369
23,904
520
1,621
2,587
392
12,170
9,529
Acqujsjtjlpn 9f capital.ass ? s
<t
Equipment....................... ..........................
Lands and structures.................... ....................
Investments and loans........... ........ ....................
16,696
5,649
13,436
5,347
351
91
1,394
2,711
328
Qwfrg and f c s l charges
fsf
Grants, subsidies, and contributions...........................
Insurance claims and indemnities..............................
Interest and dividends.......... ....... .....................
Refunds.......................................... ..........
96,726
125,287
Gross obligations incurred
1,059
170
6,000
96,906
125,349
39,442
1,059
3,695
1,267
5,201
3,865
162
1
6,468
Jp
L3
408,567
..................... ............
Source: Reports on Obligations, Standard Form 225, from agencies.
1/ For Federal Budget presentation a concept of "net obligations
incurred" is generally used. This concept eliminates transactions
within the Government and revenue and reimbursements from the public
which by statute may be used by Government agencies without appro
priation action by the Congress. Summary figures cm this basis
follow. (This data is on the basis of Reports on Obligations
received from the agencies prior to reports submitted for Budget
22,043
180
62
9,279
k V A V A W W S SV V < JV V
V V J< V <
30,162
Other
Undistributed U.S. obligations................................
Obligations incurred abroad........ ......................... ..
Unvouchered................................................
1,928
50,866
459,434
presentation and therefore may differ somewhat f**om the Budget
document.)
459 434
’
Gross obligations incurred (as above)..........
Deduct:
Advances, reimbursements, other income, etc.....
Offsetting receipts.......................
-73,134
-45,031
Net obligations incurred...................
341,269
Table FO-2. - Gross Obligations Incurred Outside the Federal Government by Major Function
and Major Object Class, July 31, 1977
__________________ (In millions of dollars)_______________________________
Major object class
Major function
Personal
services
and
benefits
Contractual
services and
supplies
Acquisition of capital assets
Equipment
Lands and
structures
Investments
and loans
Grants
and
fixed
charges
42,464
917
3,004
15,539
3,052
*
184
20
10
1,847
71
87
-
931
369
2,975
1,682
1,456
290
496
1,548
14
260
13
453
77
38
5,598
2,047
2,560
567
22
1,199
1,929
2,708
2,944
1,606
34
1,109
139
1
210
Law enforcement and justice..... .....
General government..................
1,032
23
23
2,562
353
2,713
66
General revenue sharing...... ...... .
2
1
*
Interest..........................
-
33
-
51,904
62,114
16,696
National defense...................
International affairs...............
General science, space, and technology..
Natural resources, environment, and
energy..........................
Agriculture.......................
Commerce and transportation..........
Community and regional development....
Education, manpower, and social services
Health............................
Income security....................
Veterans benefits and services.......
34,407
*
Less than $500,000.
446
693
2,530
590
2,685
444
678
4
6
3
152
312
5,203
1,905
9,396
19,136
17,272
Other
Total
4,619
560
100,265
-
-1
-111
128
240
2
21
4,731
4,224
12,788
9,691
16,425
22,751
18,857
37,560
122
33,136
109,986
16,727
-
662
3
20
-
-
484
9,580
-
-
20
426
28,264
-
9,603
28,723
5,649
13,436
253,234
5,533
408,567
74
391
71
1
113,920
21,087
2,097
5,846
Table FO-3. - Gross Obligations Incurred Outside the Federal Government
by Department or Agency, July 31, 1977
(In millions of dollars)
Classification
Benefits
Personnel Personnel for
benefits former
compen
sation
personnel
y
She Judiciary.....................
Executive Office of the President....
Funds appropriated to the President:
International security assistance:
International development assistance
Agriculture Department:
Commodity Credit Corporation.....
Commerce Department............. .
Defense Department:
Military:
Department of the Army.........
Department of the Navy.........
Department of the Air Force....
Defense agencies..............
Civil defense.................
Total military................
Interior Department..... .........
Justice Department................
Labor Department..................
Transportation Department..........
Treasury Department:
Interest on the public debt......
Interest on refunds, etc.........
General revenue sharing..........
Energy Research and Development Admin
Environmental Protection Agency....
General Services Administration....
National Aeronautics and Space
Administration...................
Veterans Administration............
Other independent agencies:
Export-lmport Bank of U.S........
Small Business Administration....
Tennessee Valley Authority.......
Travel and
trans
Transpor
portation tation of
of persons things
Printing
Other
and
ser
repro
vices
duction
Sup
plies
Equip
and
ment
mate
rials
SI
29
7
*
*
2
*
#
-
9
1
2
*
22
2
2<
1>
*
9
90
24
.
*
*
•
*
1
5
5
2
10
3
1
6
3
1
*
4
114
32
6
577
2
5
94
3
1,409
504
1
-
*
•
2
«
82
22
80
28
3
50
36
4
9
75
209
139
1,363
594
30
38
42
7,829
9,957
7,109
1.209
ii
107
283
945
-
14
5
•
3
13
12
6
*
26,115
1,335
_
2,018
_
267
1,049
844
259
235
1,538
_
_
1,731
228
173
461
*95
2,654
■
_
_
_*
_
71
115
_
_
_
_
_
_
-
_
“
-
1
795
25
3
333
219
51
-
-
2
-
-1
2
187
.23
-
40
2,174
431
153
*
3,028
4,919
37
569
8,043
2,699
152
871
-
720
*
-207
316
14
6
78
4,912
17,602
3,608
3,325
5,654
4,413
4,386
*
1,7 02 1,346
5,782
364
7,521
225
124
165
*
_
*
.
*
12
1
*
1
1
*
19
-
17.778
15,170 2,059
*
-1
-1
_*
*
-2
3,152
*
36
49
3
3
24
58
*
88
967
415
4,534
83
• 83
21,286
31,834
26,231
14,697
58
94,106
5
1
1
_
_
_
1,880
383
29,675
6,938
27
-
21
-
-
41,051
_
1.239
43
*
15,434
656
533
7,944
437
3,417
-
379
505
17
*
45
156
4
4,722
70
1
19
370
11
*
34
3
*
3
294
-
*
*
-
8
2
60
21
18,119
3,422
1,728
13.841
1.173
6,275
_
96,593
*
*
2
28,006
258
53
1
-
-24
-
1
-
-
10
*
347
73
33
859
8
114
4
1,^55
129
35
155
_
*
8
6
1
26
20
_
2
60
50
20
23
135
_
4
2
*
5
1
1
332
652
119
92
30
445
_
1
157
84
7
5
170
1
58
20
6
11
196
_
_
_
124
4,548
143
538
_
_
40
4
7
1,104
_
_
-
_
_
_
3
45
24
26
_
19
-
-
_
_
>
71
13
11
5
12
11
1
44
71
134
10
464
-
9,295
5.595
*
4,229
9
-
-
“
“
28,006
258
9.295
104,397
6 ,2 09
4,583
2,745
*
*
15
61
7
8
59
82
3
*
2,620
407
82
537
60
138
87
209
548
3
3,176
•
8,500
-
-
• -
71
-
3,431
16,392
*
•
*
*
*
•
*
*
•
*
1.027
684
-
-
_*
-
-
407
12
-73
*
*
132
*
1,108
16
48
76
-
1,092
848
2,724
35.904
16 ,69 6 5,649
”
“
”
77 • 158
2
1-2,263
_
_
102
-
31
15
267 1,001
8
1
47
17
_
_
*
3
37
_
*
*
*
*
*
69
8
2
21
51
4
*
81
177
2.681
1,408
1,39*
2,711
328
32,369
“
25
“
901
“
318
"
3
_
*
-
-
-
-
-
-
-
972
-
-
«
«
f
*
2
«
#
-
-
-
43
25
901
319
3
81
111
77
158
1,161
-
563
5
7
50
1,409
8,232
-
“
- 43
*
_
6
Off-budget Federal agencies 2/
Housing for the Elderly or Handicaps sd
“
_
_
32
4
1
*
_
7
74
513
724
2
1
_
_
'"wr
*
"
-
_
771
*
Total
gross
obliga
tions
incurred
“
-
34
15
52
45
19
33
61
Obliga Un
tions in vouch
curred
ered
abroad
-
66
_
*
*
*
Undistrib
uted U.S.
obliga
tions
-
9
23
Insurance
Interest
claims
and
Refunds
and indem dividends
nities
-
2
7
Grants,
subsidies
and con
tributions
3
-
1,034
6,756
_
6,737
349
413
222
50
*
Other
Grants and fixed charges
Invest
ments
and
loans
“
-
2,778
8,772
4,396
1,038
9
16,993
1
_
*
«
Lands
and
struc
tures
331
251
250
452
*
1,284
346
241
127
34
*
748
8,421
Total.........................
Rent, com
munications ,
and
utilities
269
31
539
Health, Education, and Helfare
Department......................
Housing and Urban Development
Department:
Government National Mortgage
Association...................
.Acquisition of
capital assets
Contractual services and supplies
Personnel services & benefits
--
*
— 79 -
Ill
57
4.346
8,038
319
70
278
-1
*
13,436
96,726
125,287
30,162
1,059
170
5,201
162
408,567
189
“
-
“
5
27
15
“
-
-
-
-
10,179
-
-
-
-
-
-
-
972
-
6
-
-
-
-
-
16
33
20
-
-
-
-
11,361
606.
-
iij&a.
...,.ii-
194
Rural Electrification Administration
Pension Benefit Guaranty
Total Off-budget Federal
8,427
Source:
Reports on'Obligations, Standard Forms 225, from agencies.
Notes
Agency shifts are shown in this table beginning with the periods of such shifts. The amounts for the com
plete fiscal year are adjusted at that time.
1/ For purposes 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.
.2/
2/
Includes reports for Library of Congress, Government Printing Office, and General Accounting
Office only.
Housing for the elderly or handicapped since Aug. 22, 1974, Postal Service since July 1, 1973. Rural Electri
fication Administration revolving funds since May 12, 1973» and Pension Benefit Guaranty Corporation since
Sept. 17, 1974.
Less than $500,000.
Table FO-4. - Gross Obligations Incurred Outside the Federal Government,
Comparative Statement by Month
00
(In millions of dollars)
T.Q.
FY 1977
Object class
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Cumulative
to date
July
June
Comparable
period
FY 1976
National defense:
Personal services and benefits:
Personnel compensation.............
Personnel benefits................
Benefits for former personnel.......
Contractual services and supplies:
Travel and transportation of persons...
Transportation of things...........
Rent, communications, and utilities....
Printing and reproduction...........
Other services....................
Supplies and materials.............
Acquisition of capital assets:
Equipment........................
Lands and structures...............
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......................
Total national defense.............
ftJon-defensg:
Personal services and benefits:
Personnel compensation........... .
Personnel benefits................
Benefits for former personnel.......
Contractual services and supplies:
Travel and transportation of persons..
Rent, communications, and utilities...
Printing and reproduction..........
Other services....... ...........
Acquisition of capital assets:
Equipment.......................
Lands and structures..............
Investment and loans..............
Grants and fixed charges:
Grants, subsidies and contributions...
Insurance claims and indemnities....
Interest and dividends............
Refunds.........................
Other:
Undistributed U.S. obligations......
Obligations incurred abroad........
Unvouchered...... ...............
2,&3
303
648
2,373
274
647
3,127
324
658
2,834
295
701
2,640
159
612
2,562
20
666
2,730
147
658
2,583
151
657
2,794
46
695
2,832
127
698
2,505
131
705
3,018
143
701
1,817
117
666
26,315
1,335
6,758
26,263
3,423
6,189
83
120
156
5
2,231
1,417
126
91
137
2
1,502
1,383
34
164
79
-4
2,437
1,933
88
131
179
5
3,686
1,753
68
108
157
6
2,089
1,762
62
91
125
-2
2,472
1,794
76
107
147
3
1,841
1,767
67
99
124
4
1,869
1,697
85
128
179
4
2,395 .
1,758
90
99
156
6
2,653
1,989
75
121
87
3
1,587
1,561
99
103
159
6r
1,470i
2,253
48
62
106
- 3
1,352
1,454
758
1,049
1,417
38’
21,413
17,788
715
1,408
1,407
88
17,529
15,191
1,310
140
*
1,012
100
-
1,234
1,534
289
*
1,771
92
-
1,974
233
-
1,607
161
*
1,628
265
-*
1,472
710
-
1,969
172
-
1,314
161
*
-
!,474
873
-
796
96
*
15,539
3,052
*
12,448
2,186
*
7
12
4
9
5
12
-*
9
9
13
7
8
1
11
4
3
1
7
3
2
34
22
2
19
1
8
3
3
2
7
2
-15
5
7
2
1
1
15
-5
3
1
-1
10
1
6
2
2
2
6
3
2
50
88
25
21
60
83
35
152
4
627
7
9,696
-*
358
8
-5
-122
8
1
480
7
10,562
-2
462
8
*
143
10
3
562
10
1
207
8
-3
4,538
83
12
2,708
78
9,904
9,605
10,434
-95
573
8
11,292
88
393
7
10,226
*
534
9
10,018
1
634
9
8,038
-1
550
7
12,070
8,751
10,883
6,746
100,265
89,972
1,586
7
181
1,593
2
767
1,683
21
50
1,495
14
213
1,606
-1
73
1,700
8
154
1,807
8
197
1,189
5
131
1,708
9
180
1,619
6
110
1,590
8
120
l,690r
9r
178r
1,543
8
119
15,949
74
1,474
14,828
61
3,833
69
43
46
6
1,129
1,318
59
33
121
42
972
559
79
24
153
48
1,436
442
57
38
139
31
1,294
1,141
66
26
141
24
1,162
322
63
42
115
42
824
955
80
23
258
33
1,249
428
43
60
8
22
1,104
452
69
46
136
21
1,220
438
71
47
116
28
1,108
446
64
10
1,074
480
77r
15r
131r
30r
l,3Q4r
l,Q46r
62
38
126
29
615
409
650
344
1,294
290
10,956
6,116
624
356
1,111
282
10,561
6,888
” 78
264
1,351
136
114
1,340
266
343
1,474
82
380
793
78
88
1,460
192
273
1,558
173
292
1,037
84
148
1,454
97
177
1,304
83
257
2,117
132
205
1,457
115r
181r
l,390r
120
597
868
1,157
2,597
13,436
2,103
2,311
13,890
20,205
11,626
3,069
116
16,179
12,106
2,361
84
16,006
23,725
10,240
135
8,743
11,477
2,418
93
5,117
11,801
2,560
84
9,225
13,245
5,164
83
9,007
13,154
2,506
170
5,994
11,946
2,406
79
11,995
13,892
2,353
120
10,134
13,220
2,451
103
9,081
11,777
2,554
183
10,910r 16,471
12,404rl 12,284
4,934 ’ 2,791
98r
25
96,677
125,200
30,137
1,038
98,849
110,597
26,039
1,159
13
71
8
277
46
8
104
178
8
-10
47
9
-36
71
12
81
70
6
-618
75
-2,580
30,579
34,275
31,380
-149
54
7
28,800
173
33,690
18
49
6
25,198
455
50
6
28,454
503
48
9
25,168
34,555r
36,205
308,303
291,942
40,524
35,186
37,551
45,439r
42,951
408,567
381,915
322
*
Total non-defense................
41,183
36,798
56,414
Grand total.....................
50,879
44,836
66,640
44,252
40,483
34,803
44,709
7_
42,671
-41
77
7
-30
121
9
%
December 1977
19
.ACCOUNT OF THE U.S. TREASURY.
Source and Availability of the Balance in the Account of the U.S. Treasury
The working cash of the Treasury is held mainly in
Treasury, banks are permitted to deposit ‘ these accounts
in
'Treasury’s accounts with Federal Reserve banks and branches.
proceeds from subscriptions to public debt securities entered
As the balances in these accounts become depleted, they are
for their own account as well as for the account of their
restored by calling in (transferring) funds from the tax and
customers.
The tax and loan account system permits the Treasury to
loan accounts with thousands of commercial banks throughout
leave funds in banks and in the communities in which they arise
the country.
Deposits to tax and loan accounts occur in the normal
until such time as the Treasury needs the funds for its opera
course of business under a uniform procedure applicable to all
tions.
banks whereby customers of banks deposit with them tax pay
effect of its fluctuating operations on bank reserves and the
ments and funds for the purchase of Government securities.
economy.
In this way the Treasury is able to neutralize the
A detailed description of the Treasury's depositary system
In most cases the transaction involves merely the transfer of
jnoney from a customer's account to the tax and loan account in
may be found in the Annual Report of the Secretary of the
the same bank.
Treasury for 1973, pages 282-285.
On occasions, to the extent authorized by the
Table UST-1. - Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance 1/
End of
fiscal year
or month
1969............
1970............
1971............
1972............
1973............
1974............
1975............
1976............
T.Q.............
1977............
Available funds in
demand accounts at:
Special
Total
Federal depositaries, Other
1/
Reserve Treasury tax deposi
banks
and loan
taries 2/
accounts
_
1,258
4,525
5,894
1,005
6,929
8,045
7,372
1,274
8,755
139
10,117
2,344
7,634
4,038
106
12,576
8,433
6,152
88
2,919
9,159
1,475
5,773
7,591
343
11,975
7
14,836
2,854
13,299
4,119
17,418
15,740
3,364
19,104
1,891
1,277
1,292
June.......
6,766
10,393
11,397
12,179
7,149
13,628
5,836
15,183
Oct........
Nov........
8,789
6,115
15,740
6,398
2,562
1976-Nov........
Dec.........
1977-Jan........
Feb........
Mar........
1,874
4,135
1,156
1,072
.
-
8,657
11,670
12,688
14,599
9,023
17,763
6,992
16,255
1,365
948
3,364
1,289
2,909
_
-
10,154
7,063
19,104
7,687
5,471
2,420
Funds in process
of collection
through:
Federal
Reserve
banks
Other
deposi
taries i j
393
355
419
252
243
276
369
235
184
147
179
117
135
76
55
-18
31
218
70
Time deposits
and other
interestbearing
demand
accounts
158
218
187
54
a
19
35
70
195
175
92
90
214
211
205
489
153
259
-36
-34
-18
-15
-97
67
-46
-10
89
103
126
125
125
130
167
162
147
179
328
-38
2
31
*
-4
162
202
175
I68r
135
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 / Will not agree with Daily Treasury Statement due to rounding.
t j Represents funds in process of collection " y (a) the U.S. Treasury
b
and (b) commercial banks which have been authorized to defer credit
until checks are collected. Data prior to January 1972 included in
"miscellaneous items" columns.
Other
demand
accounts
i/
_
.
_
_
_
355
227
727
1,227
227
225
325
135
135
100
55
355
-30r
-30
Coin
Miscel
currency
laneous
and coinage items
metal
553
277
441
471
586
602
752
819
818
717
104
121
108
129
70
54
46
50
784
760
796
808
746
729
716
721
1
4
4
4
1
*
-4
-3
-1
-2
3
-1
-5
710
727
717
694
676
3
Gold
balance
6/
Balance in
account of
the U.S.
Treasury
112
111
109
107
107
106
_
7,104
9,016
9,911
11,310
13,741
10,352
8,868
16,065
18,597
20,531
_
_
-
-
_
_
_
_
-
9,944
13,288
15,002
15,937
10,229
19,499
8,072
17,487
11,254
8,209
20,531
8,697
6,572
Represents demand deposits in National, Foreign, and other bank deposi
taries previously included in time deposits.
6/ The free gold balance can be readily converted td available funds with
Federal Reserve banks.
* Less than $500,000.
r Revised.
20
Treasury Bulletin
a p p o t t m t
OF THE U.S. TREASURY _ _ _ _ _ _ _ _ _ _ _ _ _ _
Table UST-2. - Elements of Changes in Federal Reserve and Tax and Loan Account Balances
____________________________________________________(In millions of dollars)
Credits end withdrawals
Federal Reserve accounts 1/
Fiscal year
or month
Credits 2/
1968.................
1969.................
1970.................
1971.................
1972.................
1976.................
T.Q..................
1977.................
1976-Mar..............
1976-Nov..............
Dec..............
1977-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov..............
Tax and loan accounts
Proceeds from sales of securities 4/
Withdrawals 2 /
_
_
-
Marketable
issues
-
Taxes 6/
Total
credits
2,678
2,603
2,578
2,849
3,314
3,270
3,104
3,366
3,676
910
3,908
361
283
309
90,791
123,906
132,460
131,121
145,797
171,828
197,091
218,149
225,201
58,457
267,125
22,239
17,730
24,300
-
71,759
73,042
70,582
61,611
71,583
82,113
77,771
87,263
73,659
64,282
76,401
73,102
72,316
76,521
355
341
369
351
345
313
320
348
294
284
293
18,583
18,532
26,722
25,905
20,583
32,374
19,571
19,926
25,867
19,210
19,064
Withdrawals
(transfers to
Federal Reserve
accounts)
112,583
142,333
151,721
153,346
164,920
185,669
209,267
224,412
228,877
59,367
271,033
22,600
18,013
24,609
18,938
18,873
27,091
26,256
20,928
32,687
19,114
15,825
16,683
19,375
15,812
10,571
9,072
2,897
-
722,427
804,282
208,434
872,627
725,280
810,481
209,758
875,071
68,537
69370
74,209
62,615
72,365
77,084
84,249
79,473
83,004
57,888
73,727
82,727
62,974
72,685
Nonmarketable
issues 5/
_
_
-
-
112,741
141,921
149,317
152,900
164,645
184,874
211,545
229,090
227,494
58,105
271,787
23,410
17,932
25,218
18,924
17,740
27,637
23,995
23,914
32,768
19,598
20,691
23,745
21,569
17,737
19,891
20,274
26,161
19,494
19,357
Balances
During period
Fiscal year
or month
End of period
High
Low
Federal
Reserve
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975..................
1976/.................
T.Q..................
1977..................
19760fer..............
1976-Nov..............
Dec..............
1977-Jan..............
Feb..............
Mar..............
Apr..............
May..............
June.............
July.............
Aug..............
Sept.............
Oct..............
Nov...............
Tax and
loan
Federal
Reserve
Tax and
loan
1,074
1,258
1,005
1,274
2,344
4,038
2,919
5,773
11,972
13,296
15,740
4,113
4,525
6,929
7,372
7,634
8,433
6,152
1,473
2,856
4,118
3,364
868
1,886
1,277
1,291
2,424
1,878
4,139
1,153
1,072
2,197
1,586
1,916
1,987
3,392
5,017
4,361
9,766
11,972
13,296
16,115
9,820
10,106
10,393
11,397
12,815
12,745
13,628
14,475
16,115
8,004
9,720
7,990
8,532
10,251
10,854
9,340
7,249
4,260
4,456
6,286
1,365
948
3,364
1,289
2,909
12,851
8,895
15,740
15,740
6,171
7,144
6,766
10,393
11,397
12,179
7,150
13,628
5,838
15,183
8,789
6,115
15,740
6,398
2,562
Source: Bureau of Government Financial Operations; figures are on basis
of telegraphic reports.
1/ Figures are from the revised Daily Treasury Statement, effective
July 1, 1974. Prior data not available.
2/ Represents transfers from Tax and Loan Accounts, proceeds from sales
of securities other than Government Account Series, and taxes.
2 / Represents checks paid, wire transfer payments, drawdowns on letter
of credit, redemptions of securities other than Government Account
Series, etc.
y Special depositaries are permitted to make payment in the form of
a deposit credit for the purchase price of U.S. Government secu
rities purchased by them for their own account, or for the account
of their customers who enter subscriptions through them, when this
method of payment is permitted under the terms of the circulars
inviting subscriptions to the issues.
3,233
2,627
4,229
2,891
3,023
5,860
6,286
4,771
5,463
2,496
2,803
5,714
3,364
2,909
Federal
Reserve
9
7
7
7
397
2
2
*
*
2,854
1,204
4,885
5,531
1,993
5,400
8,677
4,274
3,473
5,838
1,204
5,874
3,921
3,116
4,056
1,199
Average
Tax and
loan
Federal
Reserve
1,029
709
894
846
1,737
800
520
7
67
287
118
954
706
1,077
973
1,894
2,342
2,102
2,786
5,105
7,824
8,035
457
300
335
305
371
300
198
519
234
381
250
118
380
66
7,653
6,709
6,138
7,850
10,699
8,577
7,369
10,996
7,057
4,191
4,329
4,022
5,146
5,648
5,644
3,913
1,853
1,394
1,578
1,548
1,410
1,534
1,519
1,402
1,406
1,475
1,940
1,311
1,727
8,843
6,025
6,956
6,627
2,399
1,234
1,351
2,147
1,519
1,169
Tax and
loan
5/ Includes United States savings bonds, savings notes, retirement plan
and tax and loss bands. United States savings notes first offered
for sale as of May 1, 1967 and were discontinued after June 30, 1970.
Retirement plan bonds first offered for sale as of January 1, 1963;
tax and loss bond's first issued in March 1968.
6/ Taxes eligible for credit consist of those deposited by taxpayers in
the depositaiy banks, as follows: Withheld income taxes beginning
March 1948; taxes on employers and employees under the Federal In
surance 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.
* Less than $500,000.
21
December 197 7
ACCOUNT OF THE US. TREASURY
Table UST-3. - Gold Assets and Liabilities of the Treasury
(in millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities 2/
Ounces
1967.............................
1968............. ................
1969.............................
1970.............................
1971.............................
1972.............................
1973.............................
1974.............................
1975.............................
1976.............................
1976-Nov..........................
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
275,968,413.1
274,705,260.3
274,679,167.8
274,679,167.8
274,679,167.8
11,982
10,367
10,367
10,732
10,132
10,410 2 /
11,567 2 /
11,652
11,599
11,598
11,598
11,598
11,870
10,256
10,256
10,623
10,019
10,303
11,460
11,652
11,599
11,598
11,598
11,598
1977-Jan.........................
Feb.........................
Mar.........................
276,112,683.9
275,932,372.6
275,600,972.4
275,599,358.6
275,430,016.9
275,220,009.8
11,658
11,650
11,636
11,636
11,629
11,620
11,595
11,595
11,595
11,595
11,595
11,658
11,650
11,636
11,636
11,629
11,620
Sept........................
Oct.........................
274,625,554.2
274,625,554.2
274,625,047.2
274,625,047.2
274,625,047.4
■Source: Daily Treasury Statement through June 1974; Bureau of Government
Financial Operations thereafter.
1/ Treasury gold stock which excludes gold held by the Exchange Stabili
zation Fund (ESF). See ,International Financial Statistics," Table
f
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 Sep
tember 19, 1965,through February 15, 1972; redemption fund for Fed
eral Reserve notes until March 18, 1968,when it was combined with the
gold certificate fund pursuant to P.L. 90-269, approved March 18,
Balance of gold in
U.S. Treasury account
Dollars
11,595
11,595
11,595
11,595
11,595
112
111
112
109
113
107
107
_
-
-
-
“
1968, and gold reserve against U.S. notes until March 18, 1968,when
it was transferred to the public debt also pursuant to P.L. 90-269.
2 / 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 troy ounce un
til 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 21, 1973. The increment amounted to
$1,157 million.
Treasury Bulletin
22
.MONETARY STATISTICS.
Table MS>1. - Currency and Coin in Circulation
(In millions of dollars except per capita figures)
Currencies no longer issued
End of
fiscal year
or month
1970..........................
1972..........................
1976..........................
1977..........................
1976-Oct......................
Feb
..................
Mar.......................
Sept.....................
Oct......................
End of
fiscal year
or month
1970...........................
1971...........................
1976...........................
1976-O c t ..............................
Dec.......................
1977-Jan.......................
Feb.......................
Mar.......................
Apr.......................
May.......................
June.......................
July.......................
Aug.......................
Sept.......................
Oct.......................
(Currencies Presently
being issued 1/
Total
currencies
National
bank
notes
Gold
certifi~
eates 2/
Silver
certifi»
«*
cates
Federal
Reserve
notes 2 /
Treasury
notes of
1890
United
States
notes
57
55
54
53
52
51
50
50
49
49
20
20
20
20
20
20
20
20
20
20
4
4
4
4
4
3
3
3
3
3
223
220
218
215
213
212
211
210
209
208
1
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
*
294
297
321
320
320
321
322
322
322
317
44,547
47,626
51,304
54,572
59,664
65,185
72,093
79,028
79,597
87,349
45,146
48,223
51,922
55,184
60,273
65,793
72,700
79,634
80,201
8(7,947
49
49
49
49
49
49
49
49
49
20
20
20
20
20
20
20
20
20
3
3
3
3
3
3
3
3
3
209
209
209
209
209
209
209
208
208
1
1
1
1
1
1
1
1
1
*
*
*
*
*
*
*
*
*
322
322
320
320
319
319
319
319
318
49
49
49
49
20
20
20
20
3
3
3
3
208
208
208
208
1
1
1
1
*
*
*
*
318
318
317
317
80,313
82,954
83,631
81,093
81,612
83,236
83,745
85,324
86,315
86,663
87,488
87,349
88,372
80,916
83,557
84,234
81,695
82,213
83,836
84,345
85,924
86,914
87,262
88,087
87,947
88,969
Reserve
bank
notes
►
Coin
Dollars
482
482
482
633
705
765
816
941
951
999
955
959
966
970
972
973
983
985
988
992
998
999
1,005
Source:
Statement of United States Currency and Coin.
2/ Excludes gold certificates, Series of 1934, which are issued
Federal Reserve banks and do not appear in circulation.
2/ Issued prior to January 30, 1934.
2 / Issued prior to July 1, 1929.
4/ Issued an and after July 1, 1929.
Fractional
coin
Total
5,308
5,646
5,990
6,383
6,793
7,275
7,681
8,303
8,397
8,877
5,790
6,128
6,472
7,016
7,498
8,422
8,487
8,518
8,500
8,512
8,574
8,632
8,698
8,750
8,794
8,858
8,877
8,926
Federal
Reserve
notes 4/
8,040
8,496
9,244
9,348
9,876
9,377
9,446
9,483
9,470
9,484
9,547
9,615
9,683
9,739
9,786
9,856
9,876
9,931
Total Currency
and Coin in
circula
tion
Currency and Coin in
circulation
per capita
(in dollars) 6/
50,936
54,351
58,393
62,201
67,771
73,833
81,196
88,877
89,548
97,823
250.65
265.39
282.03
297.84
322.11
348.44
380.06
413.17
415.37
450.08
90,293
93,003
93,717
418.4Br
430.83
433.84
91,164
91,697
93,383
93,960
95,606
96,652
421.82
424.06
97,048
97,943
97,823
98,900 2/
431.58
433.99
441.30
445.78
447.26
451.01
450.12r
454.74
5/ Excludes Currency and Coin held " y the Treasury and Currency and Coin
b
only to held by or for the account of the Federal Reserve batiks and agents.
Based on the Bureau of the Census estimated population.
6/
1 / Highest amount to date.
r Revised.
* Less than $500,000.
23
December 1977
.FEDERAL DEBT
Table FD-1. - Summary of Federal Debt
(In million of dollars)
Securities held by:
Amount outstanding
End of
fiscal year
or month
1970................
1975................
1976-Mar............
1976-Oct............
Nov............
Dec............
1977-Jan............
Feb............
Mar............
Apr............
May............
June............
July............
Aug............
Sept............
Government accounts
Public
debt
securi
ties %/
Agency
securi
ties
Total
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
611,451
352,895
370,094
397,305
426,435
457,317
474,235
533,188
620,432
634,701
698,840
600,490
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,961
649,276
656,282
664,794
664,852
674,280
680,141
681,905
682,965
685,249
684,592
695,485
709,138
707,693
637,603
644,639
653,543
653,907
663,348
669,207
671,023
672,109
674,425
Total 1/
673,864
685,174
698,840
697,403
The public 2/
Total
Public
debts
securi
ties
Agency
securi
ties
1,805
279,483
284,880
304,328
323,770
343,045
346,053
396,906
479,819
498,327
551*843
268,080
274,924
294,417
314,976
333,932
336,029
387,905
470,821
488,596
543,350
1,959
470,425
461,423
11,403
9,956
9,911
8,794
9,113
10,024
9,001
8,998
9,730
8^493
9,002
1,946
1,940
1,938
1,806
1,810
1,809
1,812
1,811
1,809
1,808
1,807
1,805
1,804
502,713
509,451
515,757
518,914
528,033
533,383
534,590
531,719
532,237
492,986
499,748
506,445
509,775
518,911
524,258
525,519
522,674
523,221
534,039
541,819
551,843
553,694
525,119
533,314
543,350
545,207
Public
debt
securi
ties
Agency
securi
ties
87,661
97,723
105,140
113,559
125,381
140,194
147,225
151,566
148,052
157,295
141,026
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
2,846
2,553
2,251
2,100
1,996
1,988
1,942
1,955
139,067
11,673
11,643
11,250
146,563
146,831
149,037
144^617
144,891
147,098
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
10,290
145,937
146,247
146,758
147,316
151,246
153,013
|
150,553
!
153,'666
157,295
153,999
144,131
144,437
1441949
145,503
1491435
151,204
Source: Monthly Treasury Statement of Receipts and Outlays of the United
States Government.
1/ Amounts of public debt securities outstanding have been adjusted to
148^744
151,860
155,490
152,195
9,726
9,703
9,312
9,139
9,122
9,124
9,071
9,045
9,015
8,920
8,505
8,493
8,487
exclude issues to IMF and other international lending institutions to
conform with the budget presentation and the source for this table.
2/ Includes holdings of Federal Reserve Banks.
Table FD-2. - Computed Interest Charge and Computed Interest Rate on Interest-Bearing Public Debt
(Dollar amount in millions)
End of
fiscal year
or month
1971................
1976-Mar............
1976-Nov............
Dec............
1977-Jan............
Feb............
Mar............
Apr............
May............
June............
July............
Aug............
Sept............
Oct............
Computed annual interest rate
Total
interestbearing
public
debt 1/
Computed
annual
interest
charge 2/
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
17,087
20,339
20,254
21,545
26,591
30,741
33,509
39,494
40,683
44,481
38,018
643,643
652,457
652,980
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
41,212
Total
interestbearing
public
debt 1 /
Total
Treasury Bills
2/
4.891
5.557
5.141
5.093
5.872
6.560
6.352
6.436
6.478
6.424
6.415
5.232
5.986
5.210
5.099
6.129
7.030
6.533
6.559
6.591
6.481
6.568
6.508
7.340
4.516
4.188
6.591
8.416
6.253
5.819
5.784
5.656
5.935
40,845
6.312
§•??§
6.418
40,687
6.281
6.269
6.308
6.304
6.305
6.330
6.352
6.384
6.374
6.338
6.322
6.315
6.312
6.354
6.388
6.425
6.481
6.572
6.649
41,201
41,829
41,824
41,990
42,313
42,329
43,348
44,481
44,813
45,892
6.486
6.544
Nonmarketable
Marketable issues
Source:
Bureau of Government Financial Operations.
Note: The computed annual interest charge represents the amount of interest
that would be paid if each interest-bearing issue outstanding at the
and 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 I960).
The aggregate charge for all interest-bearing issues constitutes the
total computed annual interest charge. The average annual rate is computed
by dividing the computed annual interest charge for the total, or for
any group of issues, by the coresponding principal amount.
Beginning with data for December 31, 1958, the computation is based on
Notes
5.668
Treasury
bonds
Other £/
Government
account
series j /
j
6.529
7.058
7.352
7.356
7.066
3.722
3.762
3.759
4.018
4.393
4.755
5.339
5.654
5.811
6.120
7.323
5.586
3.979
4.327
4.608
4.636
5.138
5.374
5.387
5.452
5.487
5.603
5.126
5.629
5.387
7.326
7.279
5.867
5.872
5.679
5.551
6.832
6.565
5.276
5.211
5.167
5.132
5.141
5.234
5.324
5.458
5.656
5.908
6.098
7.265
7.211
7.196
7.193
7.150
7.142
5.877
5.930
5.935
5.938
6.020
6.025
5.548
5.552
5.581
5.579
5.573
5.586
6.564
6.618
6.856
6.859
6.865
6.852
7.139
7.092
7.066
7.065
7.068
6.071
6.117
6.120
6.123
6.185
5.580
5.587
5.603
5.609
5.612
6.870
6.899
6.921
6.937
6.973
6.420
6.519
6.312
6.412
4.555
5.235
5.375
5.475
5.880
6.430
6.614
6.789
6.871
6.921
6.708
the rate of effective yield for issue sold at premiun or discount.
Prior to that date it was based an the coupon rate for all issues.
1/ As of July 19/4, includes Federal Financing Bank.
2/ Excludes Federal Financing Bank.
2 / Included in debt outstanding at face amount, but discount value is
used | n computing annual interest charge and annual interest rate.
i
4/ On United States savings bonds the rate to maturity is applied
agairist the amount outstanding.
j / As of 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 pre
viously shown as special issues.
24
treasury Bulletin
FEDERAL DEBT
Table FD-3. - Interest-Bearing Public Debt
(In millions of dollars)
Marketable
End of
fiscal year
or month
Total
interestbearing
public
debt
Nonmarketable
U.S.
savings
bonds
Invest
ment
series
Depos
itary
series
2,459
2,387
2,347
2,310
2,275
2,271
2,267
2,263
2,262
2,247
2,264
2,262
2,262
28
25
23
22
19
16
16
9
9
7
10
228,243
231,181
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
68,567
71,506
71,853
228,985
230,714
232,837
234,444
239,511
242,240
72,234
72,640
73,037
73,457
73,908
74,282
2,262
2,262
2,248
2,248
2,248
2,248
8
8
9
9
8
8
Foreign government
series
Dollar
Foreign
denomi
currency
nated 2/ denomi
nated 1/
2,367
1,703
1,366
3,389
7,606
1,664
2,072
16,913
26,781
1,743
23,412
1,599
21,617
1,599
19,901
1,599
19,215
1,599
20,510
1,289
20,070
1,599
20,908
1,579
1,546
20,753
1,520
20,689
20,575
1,494
20,617
1,461
20,469
1,434
1,408
20,423
20,357
1,375
241,138
245,935
254,121
248,866
252,111
74,803
75,059
75,4H
75,816
76,224
2,247
2,247
2,247
2,247
2,246
8
8
7
7
7
20,197
20,055
20,510
19,861
20,455
Total
Bills
1/
Treasury
notes
Treasury
bonds
Total
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
226,107
232,599
245,473
257,202
262,971
266,575
315,606
392,581
407,663
443,508
385,296
78,946
93,489
104,807
113,419
117,840
128,419
150,257
191,758
206,319
241,692
78,805
62,956
53,989
49,135
45,071
33,137
36,779
39,626
39,839
45,724
415,399
421,276
183,143
212,986
216,669
652,980
662,320
668,216
668,509
670,958
673,389
3ily...... 671,386
Aug...... 684,081
Sept...... 697,629
Oct...... 696,301
Nov...... . 706,973
423,995
431,607
435,379
434,065
431,447
431,149
430,248
438,146
443,508
447,435
454,862
164,005
164,175
164,264
161,977
157,931
155,064
154,227
154,283
156,091
156,174
156,656
21^,474
225,856
229,625
230,655
230,230
232,885
231,371
238,084
241,692
245,587
251,104
39,014
40,702
40,615
40,516
41,576
41,490
41,433
43,286
43,200
125,623
136,426
150,816
168,158
193,382
206,663
216,516
226,673
225,897
254,121
213,928
1976-Nov ....... 643,643
Dec....... 652,457
68,356
76,154
86,677
94,648
100,061
105,019
128,569
161,198
161,505
156,091
163,140
161,711
163,992
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
1977.........
1976-Mar......
1977-Jan......
Feb......
Mar.......
Apr......
May......
June......
44,650
45,778
45,724
45,674
47,102
Source: Monthly Statement of the Public Debt of the United States.
1/ As of July 1974, includes Federal Financing Bank.
2/ Consists of certificates of indebtedness, Treasury notes beginning
January 1963, Treasury bonds beginning September 1964, and Treasury
bills beginning March 1975, sold to foreign government for U.S. dollars.
2 / Consists' of the dollar equivalent of Treasury certificates of
indebtedness; Treasury bands from October 1962-April 1967; and
U
9
8
Govern
ment
account
series
Other
u
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
119,438
127,405
129,744
126,810
127,770
128,192
128,992
133,029
134,754
132,447
136,329
140,113
136,890
138',580
1,348
1,315
1,289
1,262
1,210
564
1,656
3,389
1,322
1,407
2,002
1,361
2,611
3,419
14,543
1,980
4,573
5,014
5,461
5,965
7,272
7,835
8,487
9,217
10,087
10,921
14,543
12,785
13,389
Treasury notes beginning November 1966 issued and payable in designated
foreign currencies.
As of the July 31, 1974, Monthly Statement of the Public Debt- of the
U.S. the column heading was changed to "Government account series"
which includes Treasury deposit funds in addition to those accounts
previously shown as special issues, formerly included in "Other1 column.
1
Table FD-4. - Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(In millions of dollars)
End of
fiscal year
or month
1971
.............. .
1974..........................
1976..................
Amount
outstanding
privately
held
156,008
157^910
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
June..............
276,434
296,211
307,309
307,820
3135497
319,982
323,604
318,699
318,619
313,485
July..............
Aug...............
Sept..............
Oct...............
316,177
325,001
326,674
338,290
1976-Mar..............
197b-Oct...............
1977-Jan...............
Feb...............
Mar...............
Maturity classes
Within
1 year
5-10
years
1-5
years
74,803
79,509
84,041
87,150
115,677
151,723r
153,302
161,329
50,182
57^035
58,557
57,157
54,139
50,103
65,852
&,151
94,845
113,319
154,258
86,214
21,538
155,179
158,422
157,453
162,633
165,942
166,427
162,419
162,211
157,353
160,332
161,932
161,329
167,699
91,795
101,684
103,742
101,626
106,685
109,983
106,929
106,823
107,000
33,922
31,349
31,017
33,688
31,204
31,155
33,469
32,658
32,442
32,521
33,260
33,067
35,913
14,503
16,033
16,385
14,197
15,385
24,169
31,247
33,067
105,255
110,681
113,319
115,744
Source:
Office of Government Financing in the Office of the Secretary.
1/ Beginning with the September 1976 Treasury Bulletin the average length
r
10 - 20
years
20 years
and over
m
6,357
6,358
8,741
9,930
8,857
8,087
7,939
8,428
8,350
7,645
6,922
4,564
3,481
4,611
6,652
7,262
10,531
Average length 1/
4 yrs.
3 yrs.
3 yrs.
3 yrs.
3 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
2 yrs.
6,074
2 yrs.
7,897
7,511
7,399
7,342
7,291
7,236
7,172
7,180
7,092
7,419
8,345
8,209
8,208
8,860
8,803
8,709
9,746
9,598
2
2
2
2
2
2
2
2
2
8,440
8,512
8,428
8,406
9,628
10,616
10,531
10,529
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
yrs.
2 yrs.
3 yrs.
2 yrs.
2 yps.
2 mos.
8 mos.
6 mos.
3 mos.
1 mos.
11 mos.
8 mos.
7 mos.
9 mos.
11 mos.
5 mos.
9
10
9
9
9
9
9
11
10
10
0
11
10
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
mos.
of the interest-bearing marketable public debt is computed on that
part of the outstanding public debt privately held.
Revised.
25
December 1977
_ _ _ _ _ FE D E R A L D E B T __________
Table FD-5. - Government Account Series
(In millions of dollars)
End of
fiscal year
or month
1971...........
1972...........
1973...........
T.Q.................
1977...........
1976-Mar...........
1976-Nov........
Dec........
1977-Jan........
Feb........
Mar........
Apr........
May........
June.......
July...........
Aug........
Sept...........
Oct............
Nov.......... ..
End of
fiscal year
or month
1969...........
1970...........
1971...........
1972...........
1973...........
1974...........
1975...........
1976...........
T.Q............
1977...........
Total
66,790
76,323
82,784
89,598
101,738
115,442
124,173
130,557
128,640
140,113
119,438
127,405
129,744
126,810
127,770
128,192
128,992
133,029
134,754
132,447
136,329
140,113
136,890
138,580
358
13
257
478
700
531
1,378
1,230
1976-Mar.......
1976-Nov........
1,397
Dec........
1,848
1977-Jan........
Feb........
Mar........
Apr........
May.........
June.......
1,854
1,957
2,006
2,017
2,079
2,207
2,293
2,469
2,232
Oct........
Nov........
_
_
_
1,242
1,925
2,984
-
2,338
1,424
2,934
2,364
1,451
1,512
1,529
2,050
1,501
2,850
2,966
1,601
2,050
3,005
3,068
3,129
3,176
3,235
3,377
3,428
3,378
3,246
3,288
3,306
2,049
1,993
1,978
2,130
2,059
2,048
2,022
2,049
2,050
2,047
2,026
-
878
1,936
2,529
2,712
3,246
Federal Supp. Federal Sav
medical ins. ings and Loan
trust fund Insurance
Corporation
1,244
2,232
1,381
July.......
Aug........
Airport and Exchange
Stabilization
Airway
trust fund Fund
73
80
89
139
81
129
907
1,593
1,885
2,535
1,491
2,009
2,039
2,076
2,184
2,201
2,219
2,201
2,225
2,247
2,521
2,535
2,549
2,633
Government
life insur
ance fund
842
Federal
Deposit
Insurance
Corporation
Federal
employees
retirement
funds
Federal
disability Federal
Federal Home
Energy
insurance Administration Loan Banks
trust fund
120
74
156
274
263
436
1,367
2,692
3,429
4,829
2,352
17,354
18,931
21,644
24,691
27,894
31,201
35,525
40,383
39,607
46,631
34,907
3,042
4,435
5,713
6,697
7,488
7,880
7,843
6,616
6,138
3,941
6,598
3,658
3,559
3,657
4,153
4,171
4,189
4,327
4,331
4,350
4,825
4,829
4,251
4,359
39,077
40,073
39,850
39,618
39,342
38,997
38,702
39,956
5,410
5,437
5,254
5,013
4,910
4,881
4,720
4,728
39,613
39,344
46,631
46,241
45,952
4,394
4,181
3,941
3,474
3,139
National
Highway
service life Postal
trust fund insurance
service fund
fund
_
_
-
52
199
44
62
*
-
-
-
-
1,712
-
1,704
-
-
_
_
-
-
_
_
_
_
_
_
_
-
-
-
_
_
_
_
_
_
_
-
-
Railroad
retirement
accounts
Treasury
deposit
funds
_
Federal
hospital
insurance
trust fund
Federal
old-age and
survivors
insurance
trust fund
1,890
2,583
2,980
2,834
4,172
7,814
9,711
10,892
10,959
10,924
10,525
21,986
25,939
27,248
29,126
31,424
33,640
35,815
33,891
32,978
31,333
32,232
10,276
10,641
10,378
10,370
11,216
11,035
11,135
11,488
31,O H
31,270
11,151
11,145
10,924
10,526
10,820
Unemployment
trust fund
30,145
30,180
30,430
31,271
32,963
31,872
30,620
32,352
31,333
29,086
29,037
Other
1/
8,717
6,749
584
2,362
904
9,957
10,520
8,514
7,186
8,330
9,495
4,557
2,203
2,345
3,603
530
552
562
8,731
8,885
6,968
7,162
2,118
2,296
2,743
2,682
739
816
2,878
2,171
5,382
5,283
558
553
547
529
526
537
9,055
9,207
9,380
9,510
9,643
9,914
10,104
10,135
10,079
10,029
7,223
7,213
7,190
7,043
7,039
7,245
7,248
7,252
7,250
7,249
7,251
2,063
1,908
2,190
2,259
1,765
1,923
1,761
1,663
978
2,620
2,636
2,469
2,489
2,325
783
743
715
726
718
693
726
659
736
744
727
1,245
1,438
771
1,231
3,911
3,167
3,087
4,450
3,603
3,335
3,878
5,143
5,682
5,691
5,754
6,009
5,913
797
758
717
690
651
604
569
560
526
568
534
529
526
523
519
1,513
2,602
3,635
4,456
5,550
7,599
9,536
9,030
8,952
10,079
5,754
5,915
6,068
6,155
6,427
6,605
6,716
6,931
6,956
7,250
10,042
Source: Monthly Statement of the Public Debt of the United States.
Note: Prior to July 1974 title of this table was "Special Public Debt
Issues".
1/
Consists of Government National Mortgage Association fund and MBS
Investment account; National Credit Union insurance fund; Federal
Housing Administration fund; employees life insurance fund; veterans
special life insurance fund; veterans reopened insurance fund;
servicemen’ group life insurance fund from August 1969-January 1973;
s
employees health benefits fund beginning October 1970; ExportImport Bank of the United States from February 1967-October 1968;
General Services Administration participation certificates trust;
and Washington Metropolitan Area Transit Authority from November
1972-March 1973; Indian tribal funds and individual Indian money for
August 1974; Pension Benefit Guaranty Corporation beginning Nov
ember 1974; Bonneville Power Administration and Library of Congress
trust fund beginning January 1975; Tax Court Judges survivors annu
ity fund and Overseas Private Investment Corporation beginning
*
963
820
385
53
277
771
978
3,434
3,751
3,852
3,742
3,766
3,706
3,466
3,375
2,715
2,684
836
790
780
736
_
-
2,022
1,993
3,124
2,841
2,858
2,684
2,417
2,437
_
414
484
585
655
1,199
2,127
2,470
4,332
5,076
6,533
3,992
6,022
6,516
6,533
6,581
6,829
February 1975. Federal ship financing escrow fishing fund, Federal
ship financing fund fishing vessels (NQAA), Federal ship financing
revolving fund, gifts and bequests (Commerce), judicial survivors
annuity fund, national insurance development fund (HUD), and the
U.S. Army general gift fund beginning March 1975, Emergency Loan
Guarantee Fund beginning April 1975, Comptroller of the Currency
assessment fund, National Archives Trust fund, beginning July 1975,
Comptroller of the Currency, trustee fund, beginning August 1975,
Federal Financing Bank; National Archives Gift Fund; Public Health
Service, Conditional and Unconditional Gift Fund; HEW; U.S. Naval
Academy Gift Fund; U.S. Naval Academy Museum Fund; War Risk Revolv
ing Fund; Aviation war risk insurance revolving fund; Department of
State conditional gift fund, general; Harry S Truman Memorial schol
.
arship fund; Special Investment Account.
Less than $500,000.
26
Treasury Bulletin
.FEDERAL DEBT
Table FD-6. - Interest-Bearing Securities Issued by Government Agencies
(In millions of dollars)
Defense
Department
End of
fiscal- year
or month
Total
amount
outstanding Family housing
and homeowners
1/
assistance
Housing and Urban
Development Department
Other independent agencies
Federal
Housing
Adminis
tration
Government
National
Mortgage
Association
Export-Import
Bank of the
United States
Federal
Home Loan
Bank Board
6
6
6
5
5
10
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q...................
1977..................
1976-Mar...............
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
10,9a
1,863
1,775
1,683
1,588
1,484
1,382
1,276
1,171
1,136
1,016
1,194
577
517
487
454
412
408
487
581
578
579
587
8,600
7,320
6,005
4,920
4,480
4,370
4,260
4,180
4,145
3,768
4,200
2,472
1,893
2,625
1,819
2,221
2,894
2,593
2,693
3,591
2,858
1976-Oct...............
Nov...............
11,673
11,643
11,250
1,128
1,117
1,113
1,095
1,086
1,077
1,068
1,059
1,044
1,035
1,024
1,016
1,006
589
585
575
579
581
592
598
594
588
4,145
4,145
4,120
3,585
3,568
3,366
3,845
3,845
3,845
3,803
3,803
3,803
3,768
3,768
3,768
3,768
3,349
3,343
3,342
3,337
3,323
3,313
3,266
2,863
2,858
2,857
1977-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
Sept..............
Oct...............
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
10,290
583
579
579
583
-
-
2,653
_
-
_
-
-
Tennessee
Valley
Authority
Other
728
996
1,355
1,855
2,255
2,696
2,075
2,075
1,975
1,825
2,075
3
3
3
3
3
3
2
2
2
2
2
250
250
250
250
250
250
250
250
250
1,975
1,975
1,825
1,825
1,825
1,825
1,825
1,825
1,825
2
2
2
2
2
2
2
2
2
250
250
250
250
1,825
1,825
1,825
1,825
2
2
2
2
Postal
Service
_
-
250
250
250
250
250
250
250
250
Memorandum - Interest-bearing
securities of noi>-Government agencies i j
End of
fiscal year
or month
Banks for
cooperatives
1/
Federal home
loan banks
i/
Federal
intermediate
credit banks
2/
Federal
land
Tnci
wTf
4,240
Federal
National
Mortgage
Association
z /y
District of
Columbia
Stadium
Fund
1,411
1,529
1,790
1,805
2,338
2,475
2,896
3,694
3,901
4,061
5,524
9,914
7,923
7,848
12,149
18,622
21,250
19,390
19,H1
19,206
4,942
5,705
6,188
6,673
7,995
9,497
10,298
10,791
11,693
5,720
6,192
6,652
7,393
9,058
11,067
14,192
16,060
16,566
18,719
8,076
13,165
14,996
18,560
21,087
25,232
28,237
29,863
30,685
31,491
20
20
20
20
20
20
20
20
20
20
1976-Mar...............
3,808
19,960
9,557
15,346
30,021
20
1976-Oct...............
4,023
4,207
4,330
4,425
4,695
4,899
5,254
5,113
4,948
19,172
18,856
18,861
17,124
17,127
17,127
30,656
30,143
30,565
19,055
18,444
18,483
18,535
18,908
18,977
10,712
10,669
10,494
10,631
10,556
10,670
10,990
11,174
11,418
17,304
17,304
17,304
18,137
18,137
18,137
30,394
30,143
30,392
30,684
30,843
31,378
20
20
20
20
20
20
20
20
20
4,604
4,356
4,061
4,052
18,912
19,240
19,206
19,368
11,654
11,786
11,693
11,623
18,719
18,719
18,719
19,118
31,566
31,301
31,491
31,572
20
20
20
20
1977-Jan...............
Feb...............
Mar...............
Sept.......... .
Oct...............
Source:
Bureau of Government Financial Operations and Monthly Treasury
Statement of Receipts and Outlays of the U.S. Government.
Note: The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for - i period it was outside the Budget (August 17,
He
1971 through September 30, 1976). Also, adjustments are made to re
flect certain Export-Import Bank borrowing transactions now classified
as agency debt. These transactions were previously reported as offbudget negative outlays.
1/ includes unredeemed matured securities outstanding an which interest
has ceased.
2/ 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. 90-448).
.2/ Effective December 31, 1968, banks far cooperatives and Federal in
termediate credit banks were converted to private ownership pursuant
to provisions of Public Law 90-582, October 17, 1968.
4/ For details of securities outstanding, see Table TS0-5.
Includes Federal Home Loan Mortgage Corporation mortgage backed bonds
beginning November 1970.
6/ Includes mortgage backed bonds beginning June 1970.
December 1977
irarnaPAT. DEBT________
Table FD-7. - Participation Certificates
(In millions of dollars - face amounts)
Participation certificates issued by GNMA acting as trustee
Agriculture
Department
End of
fiscal year
or month
Sales
1970................
1971................
1976................
1976-Mar............
1976-Oct.............
Nov.............
Dec.............
1977-Jan.............
Feb.............
Mar.............
May.............
June............
Export-Import Bank
of the United States
2,181
_
_
-
Retire Out
standing Sales
ments
_
_
_
-
2,181
_
_
_
-
-
_
—
Oct...... .
Retire Out
ments
standing
369
_
_
_
_
321
268
608
42
327
_
_
_
_
“
1,814
1,493
1,226
618
576
249
249
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
252
Fanners Home
Administration 1/
Total
Commodity Credit
Corporation
Health, Education,
and Welfare
Department 2/
Sales
Retire Out
ments standing
Retire Out
Retire Out
Sales ments
standing Sales ments
standing
1,330
_
_
_
630
1,280
1,315
1,085
440
110
110
80
35
377
_
25
8,600
7,320
6,005
4,920
, 4,480
1 4,370
4^260
, 4,180
, 4,145
i 3,768
, 4,200
1 4,145
4,145
| 4,120
275
42
-
! 3,845
, 3,845
3,845
3,803
' 3^803
1 3,803
3,768
3,768
3,768
3,768
225
_
_
_
_
_
_
-
35
_
80
168
24
_
_
_
41
_
-
1,166
765
685
517
493
493
492
492
492
451
492
492
492
492
41
_
-
451
451
451
451
451
451
451
451
451
451
184
401
“
'
15
_
_
_
_
_
_
_
_
_
-
Housing and Urban Development Department
Office of Secretary 2 /
Sales
640
-
Out
Retire standing Sales
ments
27
324
963
405
34
-
“
7
-
-
-
Nov............
Dec............
1977-Jan............
Feb............
Mar............
Apr...................
May............
June............
July............
Aug............
Sept............
Oct............
2,433
2,109
1,146
741
707
707
707
707
707
700
707
-
-
1976-Mar............
Government National
Mortgage Association i j
-
-
-
-
-
-
7
-
-
-
-
-
-
-
*
707
707
707
700
700
700
700
700
700
700
700
700
700
140
tetire- Out
standing
nents
Small Business
Administration J /
5
Sales
1,897
1,707
1,626
1,433
1,338
1,273
1,204
1,164
1,145
980
50
-
1,174
-
_
-
-
1,145
1,145
1,133
1,016
1,016
1,016
996
996
996
980
980
980
980
-
_
-
134
190
81
193
95
65
70
41
19
165
12
117
-
20
-
-
-
-
16
-
-
_
-
-
-
102
1,007
782
691
485
444
444
444
444
444
342
-
-
444
_
-
203
225
91
206
41
_
_
_
-
-
-
-
_
Veterans
Administration 6/
Retire Out
standing Sales
ments
102
_
_
_
-
-
_
_
_
_
_
444
444
444
342
342
342
342
342
342
342
342
342
342
260
_
_
_
_
_
_
_
-
79
136
99
107
243
45
41
40
16
54
_
_
-
13
_
_
_
_
22
_
_
_
_
_
190
190
190
190
190
190
190
190
190
190
(net certificates of
interest authorized under
oiieLT uer
jj
Retire Out
Retire Out
Sales ments
standing
standing
ments
_
-
8
_
“
(Memorandum)
Participation certificates issued by GNMA acting as trustee - Continued
End of
fiscal year
or month
212
209
207
201
199
199
198
198
198
190
198
198
198
198
3
3
2
6
2
_
_
_
8
-
-
19
1,885
1,749
1,650
1,543
1,300
1,255
1,214
1,175
1,159
1,105
1,186
667
1,159
1,159
1,146
1,146
1,146
1,146
_
1,124
1,124
1,124
1,105
1,105
1,105
1,105
1,590
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
-
-
_
_
’
’
Source:
Bureau of Government Financial Operations.
1/ Includes the Direct Loan program through September 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 College Housing, Housing for the Elderly, and Public Facility
programs.
y
Includes Special Assistance, and Management and Liquidating programs.
5/ Includes programs for Disaster Loans, and Business Loans and Invest
ments.
6/ Includes Direct Loan and Loan Guaranty programs.
7/ In the case of Commodity Credit Corporation, participation certif
icates are called ncertificates 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.
28
Treasury Bulletin
.FEDERAL DEBT.
Table FD-8. - Debt Subject to Statutory Limitation
(In millions of dollars)
End of
fiscal year
or month
Statutory
debt
limit
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/
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q...................
1977..................
1976-Mar...............
377,000
377,000
430,000
450,000
465,000
495,000
577,000
636,000
636,000
700,000
627,000
356,932
373,425
399,475
428,576
459,089
476,006
534,207
621,556
635,822
699,963
601,619
352,259
369,463
396,678
425,813
456,697
473,618
532,565
619,820
634,089
698,229
599,877
4,672
3,962
2,797
2,764
2,392
2,388
1,642
1,736
1,733
1,734
1,742
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
3,847
3,137
1,972
1,939
1,567
1,563
1,642
1,736
1,733
1,734
1,742
530
437
389
453
343
380
443
566
529
600
825
825
825
825
825
825
653
-
1976-Nov...............
Dec.............. .
682,000
682,000
645,767
654,662
644,027
652,932
1,740
1,730
643,643
652,457
1,740
1,730
1977-Jan...............
Feb...............
Mar.......... .
Apr...............
May...............
June... ..... ......
682,000
682,000
682,000
700,000
700,000
700,000
655,029
664,473
670,343
672,164
673,246
675,557
700,000
700,000
700,000
752,000
752,000
674,991
686,297
699,963
698,530
709,101
653,295
662,736
668,596
670,411
671,497
673,814
673,252
684,562
698,229
696,792
707,361
1,734
1,736
1,748
1,753
1,749
1,743
1,738
1,734
1,734
1,738
1,740
652,979
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
706,973
1,734
1,736
1,748
1,753
1,749
1,743
1,738
1,734
1,734
1,738
1,740
385
475
316
July..............
Sept..............
Oct...............
Nov...............
Source:
Monthly Statement of the Public Debt of the United States.
Note: For debt subject to limitation since 194-0, see Table 21 of the
Statistical Appendix to the Annual Report of the Secretary of the
Treasury cm the State of the Finance for fiscal 1976* For a summary
of legislation on debt limitation under the Second Liberty Bond Act
and the amounts of limitation, see Table 32 of the Statistical Appendix.
416
380
1,902
539
425
1,867
482
600
491
388
-
-
_
_
.
_
-
Adjusted to exclude notes to IMF and other international lending or
ganization from public debt and include them in "Other debt" to
conform with the budget presentation and the source for this table.
Consists of guaranteed debt of Government agencies, specified partic
ipation certificates, District of Columbia Stadium Bonds and notes
of international lending organizations.
29
December 1977
.FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitations
The Second Liberty Bond Act (31 O.S.C. 757b), as amended, provides that the face amount of obligations issued under
The Act of June 30, 1967
(Public Law 90-39)
provides
that the face amount of beneficial interests and participa-
authority of that Act, and the face amount of obligations
tions issued under section 302 (c)
guaranteed as to principal and interest by the United States,
Mortgage Association Charter Act (12 U.S.C. 1717 (c)) during
shall not exceed in the aggregate $400 billion outstanding
the fiscal year 1968
at any one time.
added to the amount
Public Law 95-120 provides that beginning
on October
1977> l e n d i n g on March 31, 1978, the public
debt limit shall be temporarily increased by $352 billion.
of the Federal National
and outstanding
at any time shall be
otherwise taken into account in deter-
whether the requirements of the above provisions are
me^ m
Part A. - Status Under Limitations* November 30, 1977
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding.............................................................. ........................
Less amounts not subject to limit:
Treasury.............................................................................................. .
Federal Financing Bank............................................................................... ......
$707,972
611
(*)
Total public debt subject to limit.................................................................. ...........
707,361
Other debt subject to limit:
Guaranteed debt of Government agencies........................................................................
Specified participation certificates............................................................................
605
1,135
Total other debt subject to limit..............................................................................
1,740
Total debt subject to limit..................................... ............................................ .
Statutory debt limit...........................................................................................
709,101
752.000
Balance of statutory debt limit.... ........ ....................... .............................................
42,899
Part B. - Application of Statutory Limitations, November 30, 1977
(In millions of dollars)
Classifications
Interest-bearing debt:
Marketable:
Bills:
Treasury............... ...............................................................................
Notes:
Treasury..............................................................................................
Bonds:
Treasury..............................................................................................
Total marketable.................................... .....................................................
Nonmarketable:
Depositary 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 individual retirement bonds....................................... ..............................
United States retirement plan bonds...........................................................................
United States savings bonds..................................................................................
United States savings notes................................................. ................................
Total nonmarketable........................................................................................
Total interest-bearing debt..... ......................................................... ....................
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.
* $500 thousand or less.
Amount outstanding
$156,656
251,104
47,102
454,862
7
20,455
1,210
138,580
2,246
8
12,816
30
142
76,224
...... 393
252,111
706,973
253
746
999
707,972
30
Treasury Bulletin
FEDERAL DEBT
Table FD-10. - Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
End of
fiscal year
or month
Total
Agency
for
Inters
national
Develop
ment 1/
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
1976-Mar...........
28,164
30,651
31,944
33,939
34,237
35,434
44,674
53,091
57,374
66,353
544
512
451
416
374
327
233
52,600
-
1976-Nov...........
Dec...........
56,861
59,232
-
1977-Jan...........
Feb...........
Mar...........
Apr...............
May..............
June.............
60,702
60,407
61,742
61,808
a, 558
60,123
_
-
Aug..............
Sept.............
Oct...........
Nov...........
62,177
64,662
66,353
68,445
70,169
-
-
-
-
-
Federal
Federal
Financing Home Loan
Bank
Bank Board
-
_
-
602
13,466
22,413
25,884
35,418
21,706
1,247
1,534
1,491
-
1,534
1,372
1,172
26,524
28,811
29,848
30,328
31,312
30,822
31,007
30,820
900
32,444
33,800
35,418
36,722
37,095
-
-
Agriculture Department
Secretary:
Farmers
Commodity Rural
Electri Home
Credit
fication Adminis
Corpo
Adminis tration
ration
Programs
tration
2/
12,115
5,045
1,583
12,262
5,328
1,416
11,977
5,746
1,391
11,501
1,606
6,051
1,610
10,864
6,563
8,608
6,963
2,545
1,482
5,046
7,409
2,840
7,512
1,717
3,556
1,867
7,409
6,128
1,922
7,865
Govern
ment
National
Mortgage
Assn. jy
6/
College
housing
loans
950
Urban
renewal
fund
1,400
400
Other
u
2,497
7,409
1,682
2,811
2,949
3,505
1,892
1,892
94
7
2,811
2,811
800
800
161
163
3,983
4,071
4,288
4,725
4,223
4,512
7,489
7,514
7,609
7,609
7,609
7,609
7,765
7,765
1,892
1,892
1,922
1,922
1,922
1,922
7
32
66
160
45
17
2,811
2,811
2,811
2,811
2,811
2,811
800
800
800
800
800
800
170
170
176
199
207
208
5,017
5,697
6,128
6,925
8,181
7,765
7,865
7,865
7,865
7,888
1,922
1,922
1,922
1,922
1,922
21
409
3
3
3
2,811
2,811
2,811
2,811
2,811
800
800
800
800
800
246
250
264
265
309
Helium
fund
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
1976-Mar...........
2,427
3,133
3,552
3,781
3,053
3,133
5,413
6,124
5,907
4,908
6,999
15
10
223
665
1,641
2,462
3,677
4,666
4,878
3,529
4,463
110
_
140
-
1976-Nov...........
Dec...........
1977-Jan...........
Feb...........
Mar...........
Apr...........
May...........
June..........
5,345
5,134
5,173
5,181
5,200
5,198
5,214
5,078
4,878
4,878
4,964
4,964
5,008
5,008
5,008
3,629
252
252
252
252
252
252
252
252
July..........
Aug...........
Sept..........
Oct...........
Nov...........
4,948
4,903
4,908
4,898
4,928
3,629
3,629
3,529
3,529
3,529
252
252
252
252
252
207
251
252
252
252
251
252
252
251
Office of the Secretary
600
800
800
800
800
800
800
800
800
800
Rural
Telephone
Bank
Other
1/
Housing and Urban
Development Department -
720
1,586
783
1,743
1,888
2,457
207
11
73
3
63
Housing,and Urban Development
DepartmenV'-Continued
Interior
Department
End of
fiscal year
or month
ExportImport
Bank of
th@
United
States
49
132
191
201
234
172
201
201
201
202
205
208
212
216
228
230
234
234
234
Ten
nessee
Valley
Author
ity
Transpor
tation
Dept.
Saint
Lawrence
Seaway
Develop
ment
Corp.
2,450
2,781
2,811
2,811
2,811
2,811
2,811
2,811
Veterans
Adminis
tration:
Direct
loan
program
100
100
100
100
100
100
150
150
150
150
150
13?
133
130
127
123
121
120
118
118
116
118
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
150
150
150
150
150
150
150
150
117
116
116
116
116
116
116
116
1,730
1,730
1,730
1,730
1,730
1,730
1,730
1,730
150
150
150
150
150
116
116
116
116
115
1,730
1,730
1^730
1,730
1,730
Under
Defense
Produc
tion
Act
of 1950
220
260
352
333
351
414
455
124
149
264
120
Other
2/
1/
2,032
1,996
2,010
2,010
2,014
2,015
2/
2/
2/
2/
-
_
_
_
_
_
_
_
38
43
43
43
63
43
44
98
97
223
94
96
97
97
97
97
97
97
97
98
98
223
223
223
31
December 1977
•FEDERAL DEBT,
Footnotes to Table FD-10.
Source:
Bureau of Government Financial Operations.
Note: These securities were issued to the Treasury in exchange for ad
vances ' y the Treasury from public debt receipts under congressional
b
authorizations for specified Government corporations and other agen
cies to borrow from the Treasury. Further detail may be found in
the 1976 Statistical Appendix to Annual Report of the Secretary of
the Treasury, pages 400-404, and the 1976 Combined Statement of Receipts,
Expenditures and Balances of the United States Government, pages 812815.
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."
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.
i j Consists of notes issued to borrow for: public facility loans; Low
Rent Public Housing Fund; and advances for National Flood Insurance
Fund.
j>/ 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,
6/ Public Housing Administration 1960-1963; Federal Housing Administra
tion beginning January 1966; Housing Assistance Administration from
September 1968-December 1969.
7/ Consists of notes of: The Administrator, General Services Adminis
tration, for defense materials procurement; the Secretary of Agri
culture; the Secretary of the Interior (Defense Minerals 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 o *
f
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund, fiscal years 1963-67 and Federal Ship Financing Fund
(NQAA), 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 he
lium properties beginning May 1964; Bureau of Commercial Fisheries
for Federal Ship Mortgage Insurance Fund, Fishing Vessels from Jan
uary 1966 - May 1967; and revenue bonds for Smithsonian Institution
(John F. Kennedy Center Parking Facilities) beginning July 1968;
Secretary of Transportation (Washington Metropolitan Area Transit
Authority) beginning December 1972; Health, Education, and Welfare,
Office of Education (Student Loan Insurance Fund) from May 1973 August 1973; Pension Benefit Guaranty Corporation from September 1974; Federal Railroad Administration, rail service assistance, beginDepartment of Energy beginning October, 1977; General Services
Administration (Pennsylvania Avenue Corporation) beginning
November, 1977.
Bonneville Power Administration beginning September 30, 1977;
2/ Outstanding loans cancelled pursuant to Public Law 93-426, dated
September 30, 1974.
32
Treasury Bulletin
PUBLIC DEBT OPERATIONS.
Table PDO-1. - Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills
Outstanding, November 30, 1977
(In millions of dollars)
Amount of maturities
Amount of maturities
Date
of final
maturity
1977
Dec.
1978
Jan.
Feb.
Feb.
Mar.
Apr,
Apr.
May
May
May
June
July
Aug.
Aug.
Aug.
Sept.
Oct.
Oct.
Nov.
Nov.
Dec.
Dec.
i£Z2
Jan.
Feb.
Feb.
Mar.
Apr.
Apr.
May
May
June
June
July
Aug.
Aug.
Aug.
Sept.
Held by 1/ Description
31....
7-l/4$-P Note
31...,
15...,
28...,
31...,
1..,
30...,
15,..
15...,
31...,
30...
31
15...,
15...,
31...,
30...,
6-3/8$-J
6-1/4$-A
8$-G
6-3/4$-K
l-l/2$-EA
6-1/2$-L
7-l/8$-D
7-7/8$-F
1.
..
31...
15...
30...
31...
31...
Note
Note
Note
Note
Note
Note
Note
Note
7-1/8$-M Note
6-7/8$-N Note
6-7/8$-P Note
8-3/4$-C Note
7-5/8$-E Note
6-5/8$-Q Note
6-l/4$-R Note
l-l/2$-E0 Note
5-7/8$-S Note
6$-B
Note
5-3/4$-T Note
8-l/8$-H Note
5-l/4$-U Note
Total
Issue
Date
Total
12/31/75
2,765
2/2/76
2/15/71
10/7/75
3/31/76
4/1/73
5/17/76
2/18/75
8/15/75
6/1/76
6/30/76
7/30/76
2,511
8,389
2,115
3,162
15
2,574
3,960
4,423
2,567
3,331
2,855
5/15/74
5/15/75
8/31/76
9/30/76
10/1/73
11/1/76
11/15/71
11/30/76
10/22/75
12/31/76
2,462
5,155
2,949
3,195
3
2,921
8,207
2,941
2,517
3,376
69,628
Note
Note
Note
Note
Note
Note
Note
6-l/8$-Q Note
7-3/4$-E Note
6—l/8$—R Note
6-l/4$-S Note
6-1/4$-A Note
6-7/8$-J Note
6-5/8$-T Note
8-l/2$-F Note
6-5/8$-U Note
l-l/2$-E0 Note
7-l/4$-V Note
6-5/8$-B Note
7$-C
Note
6-l/4$-K Note
7-1/8$-W Note
7-1/2$-G Note
Total.......
2/3/77
2/17/76
2/28/77
3/31/77
4/1/74
5/2/77
11/6/74
5/31/77
7/9/75
6/30/77
8/1/77
8/15/72
8/16/76
8/31/77
9/4/75
9/30/77
10/1/74
10/31/77
2/15/73
11/15/73
11/15/76
11/30/77
1/6/76
4$
Bond
6-1/2$~G Note
7-l/2$-C Note
1-1/2$-EANote
6-7/8$-A Note
7-5/8$-D Note
Note
9$-B
Note
6-3/4$
6-7/8$-E Note
1-1/2$-E0 Note
3-1/2$
Bond
7-1/8$-J Note
5_7/8$-F Note
Total.......
1/23/59
2/15/77
3/17/76
4/1/75
5/15/73
6/10/76
8/15/74
8/15/77
9/14/76
10/1/75
10/3/60
11/15/77
12/7/76
15...,
7$-A
Note
7-3/8$-C Note
6-7/8$-H Note
l-l/2$-EA Note
7-1/8$-D Note
2/15/74
2/18/75
3/8/77
4/1/76
1/26/76
June 30...
Aug. 15...
t
6-3/4$-J flo e
Bond
7$~
6/3/77
Aug.
7-5/8$-F Note
31...
15...
28...
31...
1.
..
30...
15...
31...
30...
30...
30...
15...
1.,
5'.
31...
30...
Sept. 30...
Oct.
1.
..
Oct. 31...,
Nov. 15...,
Nov. 15...,
Nov. 15...,
Nov. 30...,
Dec. 31...,
1280
Feb.
Feb.
Mar.
Apr.
May
June
Aug.
Aug.
Sept.
Oct.
Nov.
Nov.
Dec.
1981
Feb.
Feb.
lfr
ie.
Apr.
May
15...,
15....
31....
1...,
15...,
30...,
15....
15...,
30...,
1...,
15...,
15...,
31...,
15...,
15...,
31,..,
1...
5-7/8$-L
7$-H
5-7/8$-M
6£-N
l-l/2$-EA
5-7/8$-P
7-7/8$-D
2,855
4,692
2,845
3,519
2
1,992
2,269
2,087
1.782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
1
4,334
1,604
2,241
3,376
4.783
2,006
U.S. Govt,
All
accounts and other
Federal Re investors
serve banks
340
271
3,363
53
308
380
957
1,537
175
769
255
635
2,562
173
489
183
3,591
244
189
431
16,565
103
1,724
214
590
118
538
239
115
265
106
1,788
855
230
222
255
2.425
5,026
2,062
2,854
15
2,194
3,003
2,886
2,392
2,562
2,600
1,827
2,593
2,776
2,706
3
2,738
4,616
2,697
2,328
2,945
53,063
2,752
2,968
2,631
2,929
2
1,874
1,731
1,848
1,667
2,043
3,074
2,771
2.134
3,251
1,859
3,606
243
447
242
290
107
4,091
462
1,794
3.134
4,493
1,899
b2,847
9,833
53,104
2,499
4,608
2,069
2
7,265
2,185
4,296
4,133
2,141
3
1,755
4,599
2,692
38,247
929
1,516
167
1,570
3,092
1,902
2
1,701
1,908
1,616
3,587
2,003
3
1,136
3,892
5,564
277
2,680
546
138
Held by 1/ ■
Description
Sept. 30....
Oct.
1....
Nov. 15....
Nbv. 15....
6-3/#-K Not!
Feb.
Feb.
Apr.
6-3/8$
6-l/8$-D
1-1/2$-EA
8$-A
7$-E
8-l/8$-B
l-l/2$-E0
7-7/8$-C
7-l/8$-F
2,240
1
1,142
Date
of final
maturity
May
May
Aug.
Oct.
Nov.
Nov.
1983
15....
15....
1....
15....
15....
15....
1....
15....
15....
Issue
Date
9/7777
l-l/2$-E0 Note 10/1/76
7-3/4$-B Note 11/15/74
7$-G
Note 10/12/76
Total.....'_
_
Bond
Note
Note
Note
Note
Note
Note
Note
Note
Teb. 15...
June 15,78-83 3-1/4$
Bond
Now. 15.
7£-B
Note
Total.......
1984
Feb. 15.... 7-l/4$-A Note
Bond
Aug. 15.... 6-3/8$
Aug. 15.... 7-1/4$-B Note
Total.......
Total
2,968
14
4,477
2,543
27,376
U.S. Govt,
All
accounts and
Federal Re other
investors
serve banks
101
1,055
30
1,647
2,667
1,442
14
1,092
5/15/72
1/6/77
4/1/77
5/15/75
1,849
54
4,375
2,867
14
2,628
2,489
23,001
1,305
2,599
1,826
1
10/1/77
11/17/75
10/17/77
1
708
n.a.
4,341.
. .
2,088
227
95
2,410
w
2,194
n.a.
12r
2A0
5,870
1,032
2.214
9,116
1992
Aug. 15,87-92 4-1/4$
Aug. 15.... 7-1/4$
Total.
1QQ3
Feb. 15.88-93 4$
Feb. 15.... 6-3/4$
Aug. 15.88-93 7-1/2$
total..
1QQ&
May 15, 89-94 4-1/8$
1QQ5
Feb. 15...
Bond
Bond
1/17/63
1/10/73
8/15/73
4,787
954
2,526
5,387
8,267
768
1,052
1,820
179
395
589
657
1,246
5,219
9,515
1,216
824
1,992
884
4,395
7,523
332
15,950
3,700
12,250
2,387
408
1,979
2,882
1,247
893
345
1,238
1,989
902
2,920
1,504
1,128
47
1,7%
1,457
4,424
Bond
8/15/62
7/8/77
3,651
1,399
337
4,129
1985
6/3/58
May 15.... 3-1/4$
4/5/60
May 15, 75-85 4-1/4$
Total..
1986
May 15.
7-7/8$-A Note 5/17/76
8$-B
Aug. 15.
Note 8/16/76
Nov, 15.
6-1/8$
11/15/71
Total....
1987
Nov. 15.
7-5/8$-A Note 11/15/77
1990
Feb. 15.
3-1/2$
Bond 2/14/58
May 15.
Bond
8-1/4$
4/7/75
8,438
2,353
2,863
13,654
2/15/77*
8/15/72
8/15/77
1,175
3,249
185
627
1,914
2,726
53
209"
1,318
574
2,891
132
418
596
4/18/63
1.580
456
1.146
633
2/15/55
128
442
5/17/76
10/3/60
328
714
364
1,354
2,760
1,042
1,718
5/17/74
2,414
1,603
811
2/18/75
8/15/75
2,771
2,265
5,036
528
976
1,504
2.243
1,289
3,532
8/16/76
1,575
761
814
May 15,00-05 8-1/4$
Bond 5/15/75
2007
Feb. 15, 02-07 7-5/8$
Bond 2/15/77
Nov. 15, 02-07 7-7/8$
Bond 11/15/77
Total.......
2,221
1,295
926
4,249
1,494
1,545
250
2,704
1.244
5,743
1,795
3,948
12S&
May 15, 93-98 7$
Nov. 15.... 3-1/2$
Bond
Bond
619
707
38
13,181
25,066
1,842
4,796
2,809
*
2,020
557
928
50
1,285
3,868
2,759
Bond
May 15,94-99 8-1/2$
2000
Feb. 15, 95-00 7-7/8$
Bond
Bond
Aug. 15, 95-00 8-3/8$
Total.......
2001
Aug. 15, 96-01 8$
Bond
175
1,845
2QQi
8/15/71
2,514
807
57
408
2,457
399
7/9/76
2,586
196
2,390
2/65£_
*
Source: Monthly Statement of the Public Debt of the United States and
Office of Government Financing in the Office of the Secretary.
1/ 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.
2/ Treasury Notes 7-3/8$ Series C-I98I and 7-3/8$ Series E-I98I were two
separate issues consolidated effective Sept. 1, 1976. Series E-1981
notes were issued on April 5, 1976 but are treated as if they were
an additional issue of Series C-1981.
*
Less than $500,000.
a
. Not Available.
33
December 1977
.PUBLIC DEBT OPERATIONS,
Table PDO-2. - Offerings of Bills
(Amounts in millions of dollars)
Description of new issue
Issue date
Maturity
aaoe
Number of
days to
maturity 1/
Amount of
bids
tendered
Amount of bids accepted
fotal
Amount
On com
petitive
basis 2/
un noncom
petitive
basis 2 /
Amount
maturing on
issue date
of new
offering
Total
unmatured
issues out
standing after
new issues
Regular weekly:
( 13-week and 26-week)
2 , .7r
402
3,600.3
2,403.2
3,503.9
2,104.7
3,471.2
298.Or
129.1
2,304.1
3,704.2
91
182
4,306.$v
7,060.4
4,702.1
6,348.7
2,096.9
3,374.6
306.3
129.3
2,204.1
3,699.3
28,138.5r
86j 773.9
28,337.6r
86,578.5
4,039.7
5,658,5
4,032.4r
6,363.5
2,307.9
3,402.6
2,303.4
3,403.7
1,971.3
3,260.3
1,993.5
3,244.4
336.6
142.3
309.8
159.3
2,103.4
3,603.4
28,542.1r
86,377.8r
25
23
91
182
92
182
2,099.4
3,604.5
28,746.Or
86,177,0
/i977-Dec.
U.978-Mar.
1
2
91
182
2,004.5
3,601.2
29,042.2r
85,880.5
91
182
309.5
136.8
313«0
169.3r
22
23
29
30
91
182
5,677.8
5,684.6r
2,506.7
3,502.Or
29,243.5r
85,680.3
29,745.4**
85,954.3r
30,252.Or
86,352.4r
91
182
4,646.8
5,825. lr
2,202.3r
3,302.4r
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
Jan.
Apr.
5
6
12
13
19
20
91
182
91
182
4,022.6
5,844.2
1,959.4
3,242.5
1,892.2
3,198.9
2,013.9
3,266.1
348.1
163.4
410.5
203.5
26
27
2,303.1
3,505.4
2,307.5
3,405.9
2,302.7
3,402.4
2,304.2
3,403.0
2,203.3
3,503.1
91
182
4,060.2
7,923.3
3,970.2
7,313.4
4,282.1
5,369.0
1,898.5
3,066.1
2,192.0
3,207.4’
2,193.8
3,341.3
1,869.9
3,138.1
1,951.0
3,329.7
2,006.8
3,403.2
91
182
1,982.4
3,304.8
2,208.0
3,202.9
2,505.0
3,376.7r
318.3r
151.0
8
9
15
16
2,300.7r
7,617.9
4,016.7
6,571.3
4,073.0
6,014.5r
1,982.4
3,153.8
/1977-Dec.
8........... UL978-Mar.
1977-Aug.
290.3
136.9
2,403.1
3,299.6
30,350.4r
86,251.Or
30,350.4r
86,253.3^
30,454.6r
86,156.1r
30,456.3r
86,152.Or
30,357.4r
86,255.4r
Feb.
May
2
4
91
182
3,823.9
5,325.8
2,301.5
3,402.0
1,904.2
3,235.2
397.3
166.7
2,402.7
3,307.2
30,256.2
86,350.2
Feb.
May
Feb.
May
Feb.
May
9
11
16
18
23
25
91
182
91
182
90
181
4,557.7
6,189.7
4,523.5
6,345.8
4,809.4
6,060.9
2,305.2
3,405.3
2,202.3
3,303.3
2,302.4
3,503.2
1,939.3
3,206.6
1,828.5
3,144.8
1,954.2
3,338.3
365.9
198.6
373.7
158.6
348.3
164.9
2,403.2
3,302.8
2,307.9
3,202.9
2,303.4
3,201.4
30,158.3
86,452.7
30,052.6
86,553.1
30,051.7
86.854.9
15
364
364
364
364
364
5,376.1
3,401.7
3,504.6
3,070.7
3,340.0
61.7
68.7
73.8
3,244.6
6,939.3
7,053.2
5,909.8
6,264.8
39,696.7
39,948.2
39,950.1
58.3
62.5
364
6,986.2
2,930.4
3,104.9
3,202.7
364
364
364
364
364
364
364
364
6,195.9
4,971.3
5,478.3
5,901.1
6,144.8r
5,247.0
4,952.8
5,873.4
3,161.3
3,587.2
'3,090.7
3,486.7
70.6
100.5
8
6,416.0
2,505.3
-
-
/1977-Nov.
4........... U-978-Feb.
/1977-Nov.
11........... |1978-Feb.
/1977-Nov.
U978-Feb.
/1977-Nov.
25........... U978-Feb.
18...........
/1977-Dec.
15........... \1978-Mar.
/1977-Dec.
22........... u.978-Mar.
/1977-Dec.
29........... U978-Mar.
Oct.
6........... j
\
r
13........... \
20........... /
\
/
27........... 1
Nbv
3
10............
f
^
f
(
f
17... ........ (
f
25............ {
52-weeksf
e
1976-Nov. 15............ 1977-Nov.
Dec.
Dec. 14............
1977-Jan. 11............ 1978-Jan.
Feb.
8............
Feb.
Mar.
8............
Mar.
Apr.
Apr.
5............
May
May
June
July
Aug.
Sept.
Oct.
Nov.
3............
31............
28............
26............
23............
20............
18........... .
15............
May
May
June
July
Aug.
13
10
7
7
4
2
30
27
25
22
Sept. 19
Oct.
17
Nov.
14
Short-dated;
1977-Nov. 7............ 1977-Nov.
Footnotes at end of table.
3
2
10
9
17
16
15
91
182
91
182
3,105.5
3,208.3
3,342.5
2,966.1
2,454.3
2,252.9
3,037,6
3 ,004.7r
3,035.9
3,435.9
2,996.9
3,047.1
3,145.7
3,398.9
2,909.4
2,400.4
2,198.6
2,981.7
2,933.8
2,948.0
313.0
160.7r
332,4r
164.3r
352.1
175.7
56.4
56.8
53.9
54.4
55.9
70.9r
87.9
2,003.1
4,003.7 V
2,000.1
4,006.7 £/
2,103.9
3,403.9
2,303.1
3,503.0
2,300.9
3,406.5
3,253.1
3,068.7
3,335.5
2,921.4
2,611.6
2,901.6
2,952.6
40,125.2
40,228.5
40,368.3
39,998.9
39,531.9
39,173.2
2,917.3
39,309.2
39,361.3r
39,479.9r
3,095.1
5,907.0 1/
39,546.Or
39,731.4
-
-
34
Treasury Bulletin
_____PUBLIC DEBT OPERATIONS____
Table PDO-2. - Offerings of Bills—
Continued
On competitive bids accepted
On total bids accepted
Issue date
Average price'
per hundred
Regular weekly:
(13-week and 26-week)
\
/
t
/
[
/
^
f
1977-Jan.
Feb.
Mar.
11..............
8..............
8..............
98.588
97.040
5.554
5.845
5.887
6.098
98.604
97.051 10/
5.523
5.833
5.839
6.067
98.593
97.042
/
V
98.479
96.790
6.188
6.464
6.092
6*373
6.084
6.384
98.441 12/
96.744
98.466 20/
96.789 £1/
98.483
96.799
94.738 22/
95.25812/
95.231 2 V
94.617 25/
94.742
94.797 2^
94.804
94.540
94.5402Z/
5.190
4.690
95.219
94.596
94.716
94.785
94.780
94.537
94.532
5.201
4.708
4.728
5.345
5.226
5.158
5.160
5.403
5.408
4.717
5.324
5.200
5.146
5.139
5.400
5.400
98.434
96.730
98.458
96.774
98.477
96.786
94.718
95.218
95.210
94.584
94.707
94.779
94.763
94.529
94.526
3...
/
t
25..
52-weeks:
1976-Nov.
15..............
5.542
5.837
98.436
96.732
98.460
96.778
/
17
98.599
97.049 J9/
/
t
/
t
f
10..............
5.575
5.849
t
\
\
*
.
5.463
5.869
98.593
97.000 2/
6.207
6.478
6.279
6.508
/
27....
Nov.
98.604
97.033 _8/
98.643
97.124
98.561
96.973
98.571
97.015
98.431
96.725
98.413
96.710
6..............
/
{
20
98.625
97.120
98.455
96.781 13/
98.422
96.725 14/
98.437 15/
96.729
98.438 12/
96.741 22/
\
13..............
Oct.
(Percent)
5.388
5.671
5.321
5.655
5.566
5.934
6.156
6.381
6.282
6.496
/
29
5.353
5.679
5.670
5.977
5.552
5.891
98.638
97.133
98.655
97.‘
141
98.444
96.774
98.412
96.716
\
/
\
/
\
22
98.581
97.022
5.424
5.690
5.981
6.185
6.109
6.286
f
15..............
98.629
97.123
98.647
97.129
98.567
96.978
Price per hundred
98.591
97.043
98:596
97.045
98.512
96.917
98.521
96.979
98.488
96.873
98.456
96.822
\
g
Price per hundred Equivalent rate 6/
(Percent)
f
Low
High
Equivalent average
rate y
94.727
95.240
5.851
5.976
98.524 11/
96.933
98.525
96.997
98.496
96.890
98.463 B /
96.828
98.502
96.908
Equivalent rate 6/
(Percent)
5.440
5.697
5.368
5.689
5.693
5.987
5.592
5.904
5.586
5.855
5.566
5.851
5.926
6.116
5.835
5.940
5.950
6.152
6.080
6.274
6.112
6.367
98.519
96.971
98.486
96.868
98.453
96.820
5.989
6.195
6.120
6.290
98.438
96.771
6.179
6.387
6.243
6.478
98.409
96.710
6.294
6.508
6.183
6.470
98.424
96.716
98.402
96.694
6.235
6.496
6.322
6.539
6.195
6.179
6.446
6.167
6.440
6.069
6.351
6.068
6.367
5.859
5.991
6.468
6.100
6.381
6.092
6.392
5.210
4.729
4.737
5.356
5.235
5.164
5.179
5.411
5.414
5.657
6.110
6.163
May
3..............
31..............
Aug.
23..............
94.290
93.827
93.776
5.648
6.105
6.156
94*317 O
ft/
93.834
93.804 ^
5.621
6.098
6.128
94.280
93.822
93.769
Oct.
18...............
93.308
6.619
6.542
93.347 20/
93.408
6.580
6.520
93.278
93.378
6.648
93.385
99.858
6.391
99.860
6.300
99.856
6.480
Short-dated:
1977-Nov.
7...............
Footnotes on following page.
6.549
December 1977
35
.PUBLIC DEBT OPERATIONS
Footnotes to Table 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
original maturity of 26 weeks.
2/ For bills issued on or after May 2, 1974, includes amounts exchanged
on a noncompetitive basis by Government accounts and Federal Reserve
banks.
2/ For 13-week bills, 26-week tenders for $500,000 or less from any one
bidder are accepted in full at average prices of accepted competitive
bids; for other issues, the corresponding amount is stipulated in
each offering announcement.
4/ Includes maturing short-dated bills issued Sept. 6, 1977.
5/ Includes maturing short-dated bills issued Nov. 7t 1977.
6/ Bank discount basis.
7/ Except $865,000 at 97.010.
8/ Except $100,000 at 97.039 and $500,000 at 97.037.
2/ Except $530,000 at 97.052.
IQ/ Except $65,000 at 97.056.
11/ Except $300,000 at 98.529.
12/ Except $300,000 at 98.483.
12/ Except $500,000 at 96.840.
2A/ Except $60,000 at 96.739.
15/
16/
17/
18/
12/
20/
21/
22/
22/
2U
22/
26/
27/
28/
22/
2Q/
r
Except $50,000 at 98.461 and $1,600,000 at 98.443.
Except $90,000 at 96.734.
Except $250,000 at 98.484, $600,000 at 98.450, and $200,000 at 98.442.
Except $500,000 at 96.886.
Except $115,000 at 98.473.
Except $150,000 at 98.468.
Except $10,000 at 96.794.
Except $920,000 at 94.748 and $2,000,000 at 94.743.
Except $500,000 at 95.288.
Except $8,740,000 at 95.239 and $4,000,000 at 95.238.
Except $3,285,000 at 94.632, $1,000,000 at 94.622, and $2,000,000
at 94.621.
Except $35,000 at 94.813.
Except $500,000 at 94.798.
Except $75,000 at 93.844.
Except $350,000 at 93.831.
Except $325,000 at 93.357.
Revised.
Treasury Bulletin
36
.PUBLIC DEBT OPERATIONS.
Table PDO-3. - New Money Financing through Regular Weekly Treasury B ills i/
(Dollar amounts in millions)
Description of issue
Issue
date
Number of
days to
maturity
Maturity
date
1973-Apr.
July
Apr.
July
5
5
12
12
18.,
Apr.
July
25.,
Apr.
July
19
19
26
26
31.
1973-Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
14.
1973-Sept.
Dec.
91
182
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
New money
increase, or
decrease (-)
$2,402
1,901
5.164
5.397
2,403
1,902
91
182
$3,639
3,249
3,752
3,582
3,512
3,675
3,962
3,953
5.154
5.413
5.277
5.541
5.63A
5.759
200
16
15
91
182
3,789
3,552
6.180
6.457
-111
23
23
30
29
91
183
91
182
6.453
6.747
-99
91
182
Sept.
Dec.
13
13
20
20
91
182
28.
Sept.
Dec.
27
27
91
182
3,454
3,263
3,452
3,564
3,580
3,214
4,165
3,774
4,022
3,776
2,501
1,693
2,501
1,701
2,502
1,702
21.
1973-Jan.
4
3
11
10
18
17
91
182
3,349
3,545
91
182
91
182
4,
.
11.,
May
17.
24.
5.
Oct.
1974-Jan.
12.
1973-Oct.
1974-Jan.
19.
1973-Oct.
1974-Jan.
26.
1973-Oct.
1974-Jan.
Aug.
2..
Nov.
15..
July
91
182
91
182
2,401
1,902
2,400
1,901
6.693
$204
201
223
6.864
-100
2,502
1,701
7.127
7*172
-99
2,501
1,701
7.265
7.255
-104
2,503
1,701
2,500
1,701
7.229
7.299
7.986
8.010
-101
3,975
3,215
2,500
1,702
7.991
8.018
-100
2,501
1,701
2,501
1,702
2,501
1,701
7.968
8.023
-103
8.113
8.272
-96
2,503
1,801
8.319
8.476
8.635
8.381
-101
14
16
91
182
Aug.
Nov.
15
14
91
182
3,670
3,227
2,601
1,902
8.023
8.031
200
23.
Aug.
Nov.
22
21
91
182
3,475
2,756
2,604
1,901
8.197
8.440
202
30.
Aug.
Nov.
29
29
91
183
3,723
3,474
2,604
1,903
7.984
8.205
206
6..
Sept.
Dec.
3,578
3,383
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Oct.
1975-Jan.
1974-Oet.
1975-Jan.
5
5
12
12
91
182
13..
1974-May
91
182
1973-Nov.
1974-Jan.
Feb.
May
25
24
1
31
4,274
3,430
3,887
3,561
3,796
3,386
4,047
4,341
91
182
3,693
3,792
2,602
1,904
2,603
1,903
19
19
26
26
91
182
8.299
8.426
8.260
8.324
8.178
8.175
7.841
8.003
7.808
8.055
7.892
8.481
16.
20.,
27..
July
5..
11..
18..
25..
Aug.
1..
8.,
15..
22..
29..
Sept.
5.,
19..
26..
Footnotes at end of table.
91
182
3
2
10
9
91
182
5,054
4,261
3,925
3,017
4,117
3,171
91
182
4,014
3,430
1974-Oct.
1975-Jan.
17
16
91
182
1974-Oet.
1975-Jan.
1974-Oct.
1975-Jan.
24
23
31
30
91
182
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
1974-Nov.
1975-Feb.
7
6
91
182
4,207
3,268
4,466
3,719
3,955
2,885
3,618
4,601
14
33
21
20
91
182
29
27
92
182
4,264
3,651
3,981
2,986
3,721
3,481
1974-Dec.
1975-Mar.
5
6
91
182
1974-Dec.
1975-Mar.
1974-Dec.
1975-Mar.
19
20
26
27
91
182
91
182
91
182
91
182
.
91
182
2,601 y
1,901
2,600 y
1,901
2,603 y
1,905
2,602 y
1,904
2,602 y
1,901
2,602 y
1,901
2,601 y
1,902
2,656 y
2,007
2,805 y
2,004
2,807 y
2,002
-100
110
205
203
202
198
204
195
7.702
7.876
189
7,603
7.700
7.698
8.054
8.519
8.660
8.762
8.719
205
8.845
8.899
9.907
9.930
106
359
408
407
401
3,746
3,853
2,803
2,004
2,806
2,005
9.165
9.282
404
4,607
3,072
4,038
3,241
2,503
1,802
2,500
1,800
8.185
8.203
7.003
7.928
-197
-201
„PUBLIC DEBT OPERATIONS.
PDO-3. - New Money Financing through Regular Weekly Treasury Bills ^/-Continue
ription of issue
Number of
days to
maturity
Maturity
date
Amount
of bids
tendered
Amount
of bids
accepted
f1975-Jan.
Apr.
9
10
91
182
3,132
3,301
Jan.
Apr.
Jan.
Apr.
Jan.
May
Feb.
May
16
17
91
182
23
24
30
1
6
8
91
182
13
15
20
22
91
182
4,169
2,958
4,747
3,249
3,369
3,459
3,412
3,307
4,497
3,856
91
182
3,877
3,690
27
29
6
5
90
181
4,110
3,342
91
182
3,393
3,819
13
12
91
182
3
3
10
10
91
182
91
182
5,474
3,814
3,755
3,705
4,442
4,416
17
17
91
182
24
24
1
31
8
7
15
14
22
21
91
182
4,724
4,915
4,088
3,582
91
182
4,085
4,191
91
182
29
28
91
182
4,244
5,044
4,107
3,743
4,096
4,653
3,468
3,822
5
4
12
11
91
182
3,797
4,768
2,603
2,202
2,600
2,301
2,702
2,401
2,701
2,499
2,704
2,503
2,702
2,550
2,701
2,501
91
182
4,511
5,523
2,602
2,502
19
18
26
25
91
182
2,503
2,502
2,502
2,601
3
2
10
9
17
16
91
182
24
23
31
30
7
6
91
182
4,303
4,533
4,014
3,599
4,598
4,331
5,045
4,361
4,881
4,729
4,094
4,066
14
13
21
20
91
182
28
28
Feb.
May
Feb.
May
Feb.
May
Mar.
June
Mar.
June
Apr.
July
Apr.
July
Apr.
July
Apr.
July
May
July
May
Aug.
May
Aug.
May
Aug.
May
Aug.
June
Sept.
June
Sept.
June
Sept.
June
Sept.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
July
Oct.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
91
182
91
182
91
182
91
182
91
182
91
182
91
182
91
182
js,
ue
iase (
2,702
2,003
2,703
2,003
2,703
2,004
2,705
1,998
6.697
7.364
S
7.723
7.398
*
S
>
201
7.525
7.398
7.892
7.766
*
{
>
n
202
2,704
2,100
7.880
7.856
1
2,802
2,104
2,800
2,105
2,802
2,102
7.604
7.552
1
2,804
2,104
2,802
2,102
2,705
2,201
2,704
2,304
2,603
2,206
2,703
2,700
2,701
2,801
2,704
2,702
2,702
2,701
2,701
2,701
2,802
2,801
91
182
4,423
5,479
4,412
4,831
6,426
4,831
4,503
5,542
2,803
2,801
91
183
5,057
4,820
2,802
2,803
91
182
Average rate
of bids
accepted 2J
(Percent)
2,805
2,801
7.535
7.428
7.328
7.369
7.524
7.564
7.173
6.911
7.113
7.101
6.698
6.681
6.678
6.646
6.370
6.373
5.606
5.825
5.668
5.736
5.800
5.800
5.408
5.483
5.456
5.675
5.638
5.742
5.622
5,655
5.376
5.473
5.543
5.669
5.562
5.785
6.021
6.352
5.539
5.843
5.653
6.067
5.717
6.158
5.356
5.481
5.183
5.481
5.115
5.412
5.206
5.469
>
1
J
J
\
J
\
/
\
J
\
J
\
J
\
J
\
J
\
/
\
J
\
J
\
j
\
J
\
J
\
J
1
J
\
/
\
J
201
200
247
199
197
198
198
190
196
202
205
201
294
392
394
405
446
394
496
599
702
\
/
805
\
/
795
\
799
/
\
J
A
/
\
J
J
/
)
J
\
J
797
804
801
801
795
801
Treas
. PUBLIC
DEBT OPERATIONS.
-3. - New Money Financing through Regular Weekly Treasury B ills 1/ —
Co
(Dollar amounts In millions)
cription of issue
Number of
days to
maturity
Amount
of bids
tendered
Amount
of bids
accepted
$5,616
3,898
4,578
4,258
3,811
3,608
Average rate
of bids
accepted 2/
(Percent)
5.258
5.505
91
182
5,453
6,560
23
22
91
182
4,505
5,550
$2,803
2,701
2,606
2,591
2,701
2,701
2,802
2,901
2,806
2,905
2,802
2,901
30
29
91
182
5,136
5,262
2,904
2,902
6.455
6.864
j
91
183
5,594
5,506
5,306*
5,671
3,002
3,002
3,001
3,101
6.349
6.809
j
J
91
182
4,735
5,918
3,103
3,202
6.453
7.000
\
J
4
4
11
11
2
2
9
8
16
15
6
5
91
182
91
182
91
183
91
182
91
182
13
13
20
19
28
26
4
4
11
11
18
18
91
182
26
25
4,465
4,505
92
182
91
182
4,448
6,246
5,368
6,876
91
182
I
J
5.079
5.284
6.008
6.262
493
j
498
6.204
6.509
697
6.044
6.343
6.246
6.627
6.318
6.719
802
800
A]
803
j
j
801
799
.,000
3,103
3,202
6.594
7.085
3,105
3,203
6.382
6.866
2,903
3,202 '
6.389
6.889
6.445
6.901
J
954a
92
182
4,748
6,245
5,068
4,469
4,608
5,613
6.315
6.824
j
J
704
2
1
92
182
4,155
5,762
J
702
91
182
3,684
5,341
3,001
3,103
3,104
3,190
6.547
6.981
8
8
6.238
6.571
J
15
15
22
22
91
182
4,125
4,609
.3,000
3,103
6.045
6.243
J
595
91
182
4,860
5,072
3,005
3,102
5.886
6.156
J
605
29
29
91
182
5.685
5.974
5.602
5.792
1
598
5
6
91
182
13
13
92
182
4,635
4,853
4,992
5,067
5,322
5,270
19
20
26
27
91
182
90
181
5,669
5,492
6,400
6,155
4
3
11
10
91
182
5,349
5,202
91
182
4,351
6,152
2,736
2,920
2,702
2,805
2,999
3,204
3,203
3,304
j
J
j
3,203
3,401
3,203
3,401
2,907
3,302
5.549
5.995
5.634
6.143
704
j
3,231
3,412
5.472
5.795
5.521
5.933
2,702
3,099
5.491
5.914
25
24
90
181
3,998
4,606
2,709
3,107
5.340
5.678
1
1
8
8
90
181
4,957
5,942
2,901
3,301
5.207
5.508
91
182
5,084
6,539
3,004
3,501
5.226
5.521
91
182
5,783
5,457
4,588
5,488
4,774
5,844
2,992
3,403
3,001
3,393
3,102
3,502
4.827
5.066
4.782
5.046
91
182
690i
J
J
4,451
4,767
29
29
998
5.279
5.483
91
182
91
182
952
.,005
3,202
3,302
18
17
15
15
22
22
J
4.763
5.051
702
700
J
'
i
J
}
j
J
j
738
798
715
764
813
J
J
500
J
J
490
501
487
702
39
December 1977
.PUBLIC DEBT OPERATIONS
Table PDO-3. - New Money Financing through Regular Weekly Treasury BiUsi/-Continued
___________________________________ (Dollar amounts in millions)_____________
Description of issue
Issue
date
1976-Feb.
5.
.
13..
Number of
d j s to
aa
maturity
Maturity
date
f2976-May
Aug.
^
May
Aug.
May
Aug.
6
5
13
12
91
182
90
181
Amount
of bids
tendered
Amount
of bids
accepted
Average rate
of bids
accepted 2/
(Percent)
$708
3,731
4.812
5.066
4.872
5.133
4.869
5.204
2,506
3,404
2,609
3.502
4.763
5.089
4.910
5.230
-193
-195
-209
$4,5056,558
$3,109
3,804
4,709
6,212
4,700
5,121
3,102
3,902
2,90r
27
26
91
182
July
Oct.
July
Oct.
22
21
91
182
29
28
91
182
5.504
5,370
5,572
6,033
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
Aug.
Nov.
5
4
12
12
91
182
5,557
7,702
2.603
3,601
4.920
5.338
91
183
19
18
26
26
91
182
5,739
6,519
4,624
6,508
5.072
5.425
5.250
5.727
91
183
4,955
7,382
2.603
3,602
2.502
3.503
2,500
3,602
Sept.
Dec.
2
2
91
182
3,915
6,567
2.504
3.503
17.,
9
9
16
16
91
182
f
\
Sept.
Dec.
Sept.
Dec.
24.,
f
t
Sept.
Dec.
23
23
91
182
f
Sept.
Dec.
30
30
7
6
91
182
26..
Apr.
22.,
29.,
May
^
6,
.
v
13.,
20.,
27.,
June
3,
.
10.,
July
1.
.
^
i
j
\
f
\
1
15.,
1
Oct.
\ 1977-Jan.
T1976-Oct.
i1977-Jan.
28.,
/
<
8,
.
1977-Apr.
July
Oct.
14
13
28
27
91
182
2,309
3,3992.103
3,202
7’OV7
,
4,360
5,364
4,376
5,523
2,106
3.103
5.495
5.908
5.577
5.952
5.460
5.768
5.380
5.695
5.356
5.722
700
199
-199
-205
-211
-295
-292
-291
-302
2,514
3.503
5.368
5.754
5.4H
5.767
5.190
5.430
2.303
3,300
4.518
4.839
-405
2.304
3,307
4.807
5.052
-702
2,204
3,303
2,103
3,203
2,099.
3,201.
4.823
5.131
4.996
5.234
5.142
5.353
2,302
3,402
2.505
3.506
91
182
4,163
5,222
4,251
7,809
7,134
6,198
5.032
5,845
91
182
91
182
New money
increase, or
decrease (-)
-200
-188
-92
5.
1
^
Aug.
Nov.
4
3
91
182
12.
f
{
f
\
Aug.
Nov.
Aug.
Nov.
11
10
18
17
91
182
19.,
91
182
4,449
6,065
4,636
6,288
26.
f
^
Aug.
Nov.
25
25
91
183
4.033
6.505
C
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
Sept.
Dec.
1
1
8
8
15
15
22
22
29
29
91
182
91
182
91
182
91
182
91
182
Oct.
\ 1978-Jan.
/ 1977-Oct.
\l978-Jan.
f 1977-Oct.
^1978-Jan.
6
5
91
182
13
12
20
19
91
182
91
182
91
182
91
182
4,073
6,015r
5,678
5,685
2,505
3,377r
2,507
3,502
774r
f 1978-Mar.
f 1977-Dec.
{ 1978-Mar.
15
16
22
23
5.887
6.098
5.851
5.976
905
22.
May
4,375
6,054
/
^
23
25
90
181
4,809
6,061
2.302
6.084
6.384
301
25..
2.
.
\
9..
(
16..
(
23..
June
<
r
(
30..
July
7,
.
M..
21..
Sept. 15.
Nov.
Source:
r
r
f
f 1977-Dec.
Feb.
May
See Table PD0-2.
2 / Excludes issues of strips of additional amounts of outstanding
regular weekly bills for cash on June 5, 1974 ($801 million).
g / Equivalent average rate on bank discount basis.
2J On June 11, 1974, the Treasury announced that the amount of bills
4,056
5,487
4,016
6,337*
4,060
5,206
3,751
4,987
4,194
6,347
3,753
5,809
4,379
5,821
4,221
6,627
2,004
3,102
2,007
3,002
2,003
3,001
2,000
3,001
2,104
3,201
2,303
3,305
2,203
3,404
2.301
3,408
3-0
,53
4*993
5.192
5.047
5.234
5.000
5.166
5.013
5.222
4.965
5.172
5.045
5.246
5.162
5.357
5.214
5.436
-701
-909
-903
-697
-308
-208
-402
-398
-296
-197
offered would be $200 million more than the amount maturing, xo
stated that a foreign central bank would bid for $200 million of the
bills in order to achieve a better balance between its holdings of
special Treasury issues and marketable Treasury issues.
Revised.
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-4. - O fferings of Public Marketable S ecu rities Other than
Regular Weekly Treasury B ills
(Dollar amounts in millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities l/
6/20/74
7/23/74
7/24/74
S/1/74
8/6/74
8/7/74
8/8/74
7/2/74
7/30/74
7/30/74
8/7/74
8/15/74
8/15/74
8/15/74
8.256$
8.049$
7.836$
9.655$
8/21/74
8/28/74
8/27/74
9/4/74
9.564$ Bill
9.767$ Bill
9/18/74
9/24/74
8.341$ Bill
-
9/24/74
10/16/74
10/23/74
10/29/74
9/30/74
10/1/74
10/22/74
13/6/74
11/4/74
8-1/4$
1-1/2$
7.629$
7-7/8$
7.933$
Note
Note
Bill
Note
Bill
_
_
_
-
11/6/74
11/7/74
11/8/74
11/L3/74
11/20/74
11/21/74
li/26/74
11/15/74
11/15/74
11/15/74
11A9/74
12/3/74
12/4/74
12/5/74
7-3/4$
7-3/4$
8-1/2$
7.362$
7.426$
7.527$
7.521$
Note
Note
Bond
Bill
Bill
Bill
Bill
_
-
12/11/74
12/23/74
12/30/74
1/2/7.
12A7/74
12/31/74
1/7/75
1/9/75
6.625$
7-1/4$
7-7/8$
8$
Bill
Note
Note
Note
-
1/
Bill
Bill
Bill
Bill
9$ Note
9$ Note
8-1/2$ Bond
1/8/75
1/14/75
6.378$ Bill
1/28/75
1/29/75
1/30/75
2/18/75
2/18/75
2/18/75
7-1/8$ Note
7-3/8$ Note
7-7/8$ Bond
2/5/75
2/11/75
2/19/75
3/3/75
5.313$ Bill
[5-7/8% Note
Note
\6$
3/5/75
3/11/75
5.637$ Bill
3/11/75
3/13/75
3/18/75
3/20/75
4/1/75
V
3/19/75
3/25/75
3/31/75
4/7/75
4/8/75
4/1/75
7-3/4$
6$
6-1/2$
8-1/4$
7-1/8$
1-1/2$
Note
Note
Note
Bond
Note
Note
4/2/75
4/8/75
4/15/75
4/30/75
4/8/75
4/14/75
4/30/75
5/6/75
6.475$
6.560$
7-3/8$
6.400$
Bill
Bill
Note
Bill
5/6/75
5/7/75
5/8/75
5/14/75
5/22/75
5/28/75
5/15/75
5/15/75
5/15/75
5/27/75
6/6/75
6/3/75
Note
Note
Bond
Note
Note
Bill
6/17/75
6/24/75
6/25/75
7/17/75
7/24/75
7/29/75
7/30/75
7/31/75
8/7/75
8/14/75
8/20/75
8/21/75
9/4/75
9/4/75
6/30/75
7/1/75
7/9/75
7/31/75
7/29/75
8/15/75
8/15/75
8/15/75
8/8/75
8/29/75
8/26/75
9/4/75
9/5/75
9/5/75
7-5/8$
8$
8-1/4$
6-3/4$
6-1/2$
5.803$
6-1/2$
Note
6.292% Bill
7-3/4$ Note
7-1/2$ Note
6.782$ Bill
7-7/8$ Note
8-1/8$ Note
8-3/8$ Bond
6.280$ Bill
8-1/4$ Note
7.331$ Bill
8-1/2$ Note
6.175$ Bill
6.156$ Bill
9/16/75
Q/17/75
9/24/75
9/30/75
9/23/75
10/7/75
10/1/75
8-3/8$ Note
7.338$ Bill
Note
1-1/2$ Note
2/
10/7/75
10/15/75
10/16/75
10/29/75 '
10/30/75
10/22/75
10/21/75
10/31/75
11/17/75
11/17/75
Footnotes at end of table.
8-1/8$
6.600$
7-1/2$
7-7/8$
8-3/8$
Note
Bill
Note
Note
Bond
_
_
_
.
_
-
_
-
_
-
_
_
_
_
_
_
-
_
_
_
~
Amount of sub
Period to final scriptions tendered
maturity
(years, months,
Cash
Exchange
days) £/
9/23/75
12A6/75
12/31/76-K
5/15/79-D-Reopening
3/3l/76-H-Reopening
2/10/76
8/31/76-L
2/28/77-F
4/6/76
1/31/76
4/30/77-H
5/4/76
8/15/78-E
5/15/82-A
5/15/00-05
5/31/77-1
10/31/76-0
6/1/76
6/30/77-J
6/29/76
6/30/79-E
7/31/77-K
7/27/76
5/15/78-F
8/15/82-B
8/15/95-2000
8/26/75 - Reopening
8/31/77-L
8/24/76
9/30/79-F
9/18/75 - Reopening
9/25/75 - Reopening
9/30/77-M
9/21/76
2/28/78-G
10/1/80-E0
12/31/78-H
10/19/76
10/31/77-N
11/15/82-C
8/15/95-2000-Reopening
1,802
1,501
1,806
1,526
2,393
1,835
400
2,93§\
2,461) £/
486J
2,935
4,934
-
1,803
2,003
2,980
-
1,803
3,254
_
3,580
2,274
3,860
4,403
3,275
1,816
3,802
4,904
1,671
2,481
205
1,818
1
1,059
949
338
-
.
2,003
1,016
1,501
1
-
2,570
1,766
603
2,002
2,251
1,001
1,256
1'
05* L /
949X5/
338f
7720/
-
2,001
2,205
1,253
756
364d
4y 6m
227d
3y
7r
f
24y 6m
(Average)
364d
134d
22d
194d
364d
2y
4y 4m
ly 3m
364d
2,654
4,321
2,573
4,319
3,749
2,807
1,760
1,915
3,355
364d
ly 6m
2y
364d
8m
2m
_
77
_
-
2,001
697
400
150
3,263
1,768
752
3,354
2,967
3,189
-
2,103
1,662
1,665
4,272
-
2,102
.
_
_
2
1,762
1,580
2,576
1,247
1,507
-
364d
3,438
2,993
2,961
2,898
3,796
3,135
3,681
4,158
4,427
364d
5,390
3,865
1,848
3,572
2,666
3,851
lm
8m
364d
292d
2y
3y 3m
7r
S
3Qy
2y
ly 5m
2y
364d
4y
2y
364d
2y 9m
7r
i
25y
18d
2y
364d
4y lm
13d
20d
2y
364d
2y 5m
5y
3y 2m
364d
2y
7y
24y 9m
-
6,696
4,2412,284
3y 3m
6y
25y
6y
ly
2y
15y
ly
5y
Allot
ment
ratio
-
5y
3/9/76
11/15/81-B-Reopening
5/31/76-M
3/31/77-G
5/15/90
11/30/76-N
4/V80-EA
4,441
3,788
1,060
2,936
2,461
486
2y
1/13/76
5/15/78-D
2/15/81-C
2/15/95-2000
In exchange
364d
8/26/75
6/30/75
9/30/76-J
10/1/79-E0
10/21/75
5/15/79-D
6/19/75
11/15/77-E
ll/15/81-B
5/15/94-99 - Reopening
11/18/75
4A6/75
Tax ant.
"Strip " of 5 Series
6A7/75
Tax ant.
For
cash
364d
299d
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
364d
244d
364d
^4d
Amount issued J /
2
2,775
3,321
5,384
5,391
4,591
5,657
3,670
1,978
6,669
4,956
7,121
4,362
3,000
3,236
6,899
6,133
3,972
3,331
3,858
4,719
4,461
2,246
_
2,205
1,586
1,579
2,435
_
2,300
1,233
850
1,372
902
313
_
_
_
_
_
-
2,855
1,514
754
2,137
1,579
2,404
2,170
2,591
1,782
1,516
2,293
3,051
2,017
801
1,000
2,021
2,893
2,081
849
700
33
3
384
150
3,192
2,858
2,115
2,517
3,062
3,156
2,517
1,001
-
.2/
10/
H/
205 12/
12/
u /
16/
17/
IS/
_
-
-
21/
22/
22/
697\
400K&/
150/
_
_
_
_
2
25/
26/
32/
22/
22/
20/
31/
22/
22/
M/
_
_
-
2 ,300^
850/
1,37^ ,
902)45/
22/
XL/
28/
22/
M i/
42/
^2/
M/
46/
77/
313
✓
/& /
_
.
_
-
42/
33.21/
3
-
15Q j^
52/
53/
54/
55/
52/
53/
December 1977
_______________________________________PUBLIC DEBT OPERATIONS
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—
Continued
(Dollar amounts m millions)
Date subscrip
tion books
closed or
tenders re
ceived
Issue
date
Description of securities 1/
11/15/76
4/22/76 - Reopening
I2/I8/75 - Reopening
12/26/75 - Reopening
12/14/76
12/31/77 -P
12/31/79-G
l/H/77
5/15/81-D
1/31/78-J
2/15/83-A 6/
2/8/77
2/15/79-H
5/15/2000-05 Reopening
3/24/76
3/29/76
11/18/75
12/5/75
12/8/75
12/8/75
12/16/75
12/31/75
1/6/76
1/13/76
1/26/76
2/2/76
2/17/76
2/10/76
2/17/76
2/17/76
3/3/76
3/9/76
3/17/76
3/31/76
4/1/76
4/5/76
4/6/76
6.010#
5.822#
5.220#
5.140#
6.440#
7-l/4#
7-1/2#
5.578#
7-3/8#
6-3/8#
8#
5.572#
7#
8-1/4#
6-5/8#
6.010#
7-1/2#
6-3/4#
1-1/2#
7-3/8#
5.781#
Bill Bill Bill Bill Bill Note Note Bill Note Note Note Bill Note Bond Note Bill Note Note Note Note Bill -
4/29/76
5/4/76
5/5/76
5/7/76
5/4/76
5/17/76
5/17/76
5/17/76
5.645#
6-1/2#
7-7/8#
7-7/8#
Bill
Note
Note
Bond
-
5/26/76
6/7/76
6/3/76
6/8/76
6/10/76
7-1/8#
6.309#
5.520$
7-5/8#
Note
Bill
Bill
Note
-
6/23/76
6/21/76
6/29/76
6/20/76
6/30/76
7/9/76
6.081# Bill 6-7/8# Note 7-5/8# Note -
6/28/77
6/30/78-N
8/15/81-F
7/21/76
7/20/76
8/3/76
8/4/76
8/6/76
8/18/76
7/27/76
7/30/76
8/16/76
8/16/76
8/16/76
8/24/76
7/26/77
7/31/78-P
8/15/79-J
8/15/86-B 6/
8/15/1996-2001
8/19/76
8/31/76
8/31/76
9/14/76
10/1/76
5.739#
6-7/8#
6-7/8#
8#
8#
5.634#
6-5/8#
11/13/75
12/2/75
12/5/75
12/5/75
12/10/75
12/16/75
12/22/75
1/7/76
1/13/76
1/14/76
2/3/76
2/4/76
2/5/76
2/5/76
2/20/76
3/3/76
3/5/76
3/18/7^
5A9/76
6-7/8#
lb/19/76
11/1/76
11/15/76
6-1/4#
11/4/76
11/5/76
11/9/76
11/15/76
11/15/76
11/15/76
7#
7-7/8#
5.201#
11/18/76
11/30/76
12/7/76
12/8/76
12/20/76
12/28/76
1/05/77
1/19/77
2/01/77
2/02/77
2/03/77
2/04/77
11/30/76
12/7/76
12/10/76
12/14/76
12/31/76
1/06/77
Vll/77
2/03/77
2/15/77
2/08/77
2/15/77
2/15/77
2/17/77
2/23/77
3/2/77
2/28/77
3/8/77
3/8/77
3/22/77
3/29/77
3/30/77
4/1/77
4/27/77
5/3/77
5/4/77
3/31/77
4/4/77
4/5/77
4/6/77
5/2/77
5/3/77
5/16/77
5/16/77
5/18/77
5/24/77
5/25/77
5/31/77
6/3/77
5/31/77
4A9/77
Footnotes at end of table.
5.126#
5-7/8#
5-3/4#
5-7/8#
4.448#
4.708#
5-1/4#
6-1/8#
4.728#
5-7/8#
6-1/2#
5.345#
7-1/4#
7-5/8#
Note
Note
Bill
Bill
Note
Note
Bill
Note
Note
Bill
Note
Bond
-
2y
4y
364d
5y 4m
2y
7y
364d
3y
29y 3m
ly 9m
364d
8/23/77
8/31/78-Q
9/30/80-E
l0/l/8l-E0
9/20/77
9/30/78-R
ll/15/81-G
10/18/77
10/31/78-S
11/15/79-K
11/15/83-B
2A 5/95-2000-Reopening
11/15/77
11/30/78-T
12/31/80-F
4/21/77-Reopening
12/13/77
12/31/78-U
2/15/82-D
1/10/78
l/31/79-L
2/15/80-G
2/07/78
2/15/84-A
2/15/2002-07
5,666
5,180
364d
6,046
364d
4,712
9,000
364d
9d
2y
5y lm
3y
L0y
-5y
364d
2y
4y
5y
364d
2y
5y
364d
2y
365d
2y
4y lm
132d
364d
2y
5y lm
364d
2y
3y
364d
7y
^I y
0
6#
7#
5.158#
4.632#
5-7/8#
5.163#
7-1/4#
7-5/8#
6-1/8#
6-3/4#
5.403#
3/31/79-N
5/15/82-E
5y lm
4/4/78
4/21/77-Reopening
4/3 O/79-P
2y
5/2/78
2/15/84-A-Reopening
6y 9 m
2/15/2002-2007-Reopening 29y 9 m
5/31/79-Q
2y
6/30/81-J
ty 3m
5/30/78
212
_
1,939
1,600
215
_
97
*
_
-
1,525
4,952
4,381
6,007
4,856
4,296
5,581
2y
4y lm
364d
364d
15d
364d
364d
2,020
2,508
6,019
2,930
3,092
402
2,628
3,105
2,069
3,066
-
2,612
2,638
2,485
2,921
Allot
ment
ratio
In exchange
_
-
212
52/
6Q/
-
|1/
62/
62/
1,939
1,600
215
-
&/
{&/
97
*
68/
62/
2,628
3,203
2,010
62/
_
300
2Q/
472
117
82
71/
72/
22/
-
W
2,185
692
*
2,586
-
692
2,953
2,895
25/
26/
700
1,476
592
-
54
2,977
2,855
2,289
8,039
983
2,141
22/
28/
22/
80/
&/
,
81-A/
-
*
_
2,917
2,868
2,543
3,095
326
-
98
2,822
98
8lJ
3,306
2,259
1,001
3,402
70
50
_
85/
8£/
82/
2,805
2,692
2,005
3,505
3,124
2,697
3,071
2,855
3,308
3,105
2,024
752
2,695
2,809
3,208
136
_
326
5,691
6,469p
1,545
5,376
70
50
_
4,090
5.621
4,700
6,940
6,596
5,318
7,053
5,874
6,190
5,909
4,778
2,352
6,477
5,070
6,265
136
-
4,789
3,917
6,986
14,940
3,239
6,196
6,160
2,676
4,223
4,777
4,971
602
601
3,253
2,553
2,006
3,069
-
5,663
4,829
5,693
24,426
2,556
4,934
4,827
5,442
5,219
4,324
3,245
2,002
i’vi
j
S 7$
700
1,476
592
54
-
6,454
5,335
4,205
For
cash
300
472
117
82
-
364d
2y
2/28/79-M
3/31/81-H
3/7/78
_
-
5,246
364d
3y
7*
;3y 3m
Exchange
5,668
4y lm
5-7/8# Note 6-7/8# Note 5.226# Bill Note Note Bill Bill Note Bill Note Bond Note Note Bill -
5,482
5,289
1,657
1,977
6,013
4,390
4,294
4,901
3,328
3,603
29,211
4,913
4,481
712
4,959
5,507
4,851
4y
2y
5y
4y 10-l/2m
5/3/77
4/30/78-L
2y
5/15/86-A
6/
10y
2/15/95-2000-Reopening 23y 9m
2y
6/17/76-Reopening
6/30/80-D
Cash
Amount issued 2/
_
_
252
_
1,300
881
391
150
-
523
-
110
2,623
900
190
-
2,995
2,613
3,342
4,506
1,882
2,966
!:«
1,898
2,514
2,454
_
82/
82/
_
_
-
252
_
88/
22/
22/
a /
92/
1,300
H
10A3/76
10/21/76
11/3/76
9/15/76
9/21/76 7/
9/28/76
363d
139d
lOd
18d
364d
Amount of sub
scriptions tendered
1H
9/21/76
9/30/76
10/12/76
1-1/2#
5.561#
6-I/4#
7#
Bill Note Note Note Bond Bill Note Note Note Bill Note Note Bill Note Note Note Bond Bill -
11/30/77-Q
3/8/77
3/31/80-C
3/31/78-K
4/1/8I-EA
2/15/81-E
4/5/77
Period to final
JIIU XOJ
UCUX
(years, months,
days) 2/
150
523
22/
24/
25/
26/
22/
28/
22/
-
110
100/
2,623
900
190
101/
102/
103/
lOZ./
-
Treasury Bulletin
42
PUBLIC DEBT OPERATIONS_______________
Tabie PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills—
Continued
(Dollar amounts In millions)
Date subscrip
tion books
closed or
tenders re
ceived
6/03/77
6/21/77
6/22/77
Issue
date
5.240#
6-1/8#
5.408#
7-1/4#
6-1/4#
5.647#
Bill “
Note
Bill
Bond
6/16/77-Reopening
6/30/79-R
6/27/78
8/15/92
Note
Bill
7/31/79-S
7/25/78
IO/L7/77
6-3/4#
7-1/4#
7-5/8#
6.105#
6-5/8#
6-3/4#
5.760#
5.760#
6.156#
6-5/8#
7-1/8#
10/18/77
10/31/77
11/15/77
11/15/77
11/15/77
11/7/77
11/15/77
11/30/77
12/2/77
12/7/77
6.619#
7-1/4#
7-1/8#
7-5/8#
7-7/8#
6.390#
6.542#
7-1/8#
6.273#
7-1/4#
Note
Note
Bond
Bill
Note
Note
Bill
Bill
Bill
Note
Note
Bill
Note
Note
Note
Bond
Bill
Bill
Note
Bill
Note
6m
/
7/19/77
7/20/77
6/28/77
7/08/77
8/01/77
7/26/77
8/02/77
8/03/77
8/04/77
8/17/77
8/23/77
8/30/77
8/15/77
8/15/77
8/15/77
8/23/77
8/31/77
9/07/77
6/28/77
9/01/77
9/06/77
9 M /7 7
9/20/77
9/30/77
9/21/77
10/5/77
10/12/77
10/18/77
10/28/77
11/1/77
11/2/77
11/4/77
11/9/77
11/22/77
11/29/77
11/30/77
Description or securities 1/
Footnotes on following page.
-
“
—
-
-
8/15/80-H
8/15/84-B
2/15/2002-07-Reopening
8/22/78
8/31/79-T
9/30/81-K
9/15/77-Reopening
9/22/77-Reopening
Period to final
maturity
(years, m nnths,
e
days) 2/
9d
2y
364d
15y lm
2y
364d
3y
7y
29y 6m
364d
2y
4y lm
9d
16d
364d
9/19/78
9/30/79-U
11/L5/82-F
10/17/78
10/31/79-V
11/15/80-J
11/15/87-A
11/15/2002-07
11/15/77-Reopening
11/14/78
11/30/79-W
4/20/78-Reopening
12/31/81-L
2y
5y lm
364d
2y
3y
lOy
30y
8d
364d
2y
139d
4y lm
Amount of sub
scriptions tendered
Amount issued 2/
F gjp
Cash
9,460
4,900
5,478
3,699
4,706
5,901
7,929p
4,989p
2 ,140p
6,144
7,000p
5,141p
4,316p
5,278p
5,129p
6,100p
3,967p
4,891p
6,827p
9,240p
4,255p
2,921p
6,416
5,693p
8,715p
7,406p
5,407p
Exchange
264
cash
2,002
2,044
In exchange
V
264
105/
106/
107/
! ;I S 65
3,115
3,038
65
425
300
199
3,669p
2,511p
1,000
3,005
3,353p
2,96lp
425
123
_
90
218
625
373
240
112
901p
903p
3,048p
3,755p
2,727p
3,162p
4,100p
3,9l8p
2,003p
l,254p
2,505
3,587p
4,671p
3,004p
3,436p
Allot
ment
ratio
199
108/
109/
110/
123
in /
300
112/
90
112/
114/
218
625
115/
116/
373
240
'117/
118/
112
119/
120/
43
December 1977
.PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.
Source:
Bureau of the Public Debt.
Note. All securities except EA & EO notes end those bearing footnote 6
were sold at auction through competitive and noncompetitive bidding.
1/ For bill issues, always sold at auction, the rate shown 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 PDO-7.
j / Tax anticipation bill, accepted at face value in payment of income
>
taxes due on the 15th of the month in which the bills mature.
£/ Sold at fixed price by subscription.
7/ Exchange offering available to owners 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/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1974.
2 / Prices accepted ranged from 101.28 (yield 8. #) down to 100.86
48
,
(yield 8.65#) with the average 101.00 (yield 8.59#).
10/ 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#).
11/ 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#).
12/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1974.
12/ 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).
2A/ Yields accepted ranged from 7.93# (price 99.787) down to 7.78#
(price 100.349) with the average at 7.89# (price 99.37).
15/ Issued to Federal Reserve banks and Government accounts in exchange
for securities maturing November 15, 1974.
16/ 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).
17/ 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).
18/ 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#).
2 2 / Sale of a "strip" of Treasury bills consisting of an additional $200
million of each weekly series maturing from December 12, 1974,
through January 9, 1975.
20/ Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing December 31, 1974.
21/ Yields accepted ranged from 7.37# (price 99.781) down to 7.15#
(price 100.183) with the average at 7.32# (price 99.872).
22/ Prices accepted ranged from 102.20 (yield 7.27#) down'to 101.80
(yield 7.37#) with the average at 101.95 (yield 7.33#).
23/ Prices accepted ranged from 100.91 (yield 7.18#) down to 100.80
(yield 7.27#) with the average at 100.84 (yield 724#).
2Jj Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing February 15, 1975.
22/ Yields accepted ranged from 7.17# (price 99.814) up to 7.23# (price
99.643) with the average at 7.21# (price 99.700).
26/ Yields accepted ranged from 7.40# (price 99.881) up to 7.52# (price
99.311) with the average at 7.49# (price 99.453).
27/ Yields accepted ranged from 7.89# (price 99.837) up to 7.96# (price
99.084) with the average at 7.95# (price 99.191).
28/ Yields accepted ranged from 5.88# (price 99.993) up to 5.98# (price
99.852) with the average at 5.94# (price 99.908).
29/ Yields accepted ranged from 5.97# (price 100.056) up to 6.12# (price
99.778) with the average at 6.09# (price 99.834).
20/ Prices accepted ranged from 101.51 (yield 7.45#) down to 101.07
(yield 7.54# with the average at 101.21 (yield 7.51#).
21/ Yields accepted ranged from 5.90# (price 100.082) up to 6.01# (price
99.757) with the average at 5.98# (price 99.991).
32/ Yields accepted ranged from 6.40# (price 100.185) up to 6.60# (price
99.815) with the average at 6.51# (price 99.982).
33/ Yields accepted ranged from 8.15# (price 100.826) up to 8.37# (price
3U
35/
36/
37/
38/
39/
40/
41/
42/
43/
44/
45/
46/
47/
48/
49/
50/
51/
52/
53
54/
55/
56/
57/
18/
12/
60/
61/
62/
62/
64/
65/
66/
67/
68/
98.947) with the average at 8.31# (price 99.455j
.
Yields accepted ranged from 6.95# (price 100.234) up to 7.19# (price
99.865) with the average at 7.15# (price 99.926).
Yields accepted ranged from 7.37# (price 100.009) up to 7.45# (price
99.863) with the average at 7.43# (price 99.900).
TSSued to Federal Reserve banks and Government accounts in exchange
for notes maturing May 15, 1975.
Yields accepted ranged from 7.60# (price 100.001) up to 7.74# (price
99.604) with the average at 7.70# (price 99.717).
Yields accepted ranged from 7.96# (price 100.212) up to 8.02# (price
99.894) with the average at 8.00# (price 100.000).
Yields accepted ranged from 8.25# (price 100.000) up to 8.32# (price
99.232) with the average at 8.30# (price 99.450).
Yields accepted ranged from 6.79# (price 99.924) up to 6.92# (price
99.683) with the average at 6.86# (price 99.794) .
Yields accepted ranged from 6.38# (price 100.158) up to 6.58# (price
99.895) with the average at 6.54# (price 99.947).
Yields accepted ranged from 6.50# (price 100.000) up to 6.69# (price
99.650) with the average at 6.61# (price 99.797).
Yields accepted ranged from 7.74# (price 100.034) up to 7.85# (price
99.664) with the average at 7.83# (price 99.731).
Yields accepted ranged from 7.49# (price 100.018) up to 7.53# (price
99.945) with the average at 7.52# (price 99.963).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing August 15, 1975.
Yields accepted ranged from 7.75# (price 100.233) up to 7.97# (price
99.695) with the average at 7.94# (price 99.768).
Yields accepted ranged from 8.06# (price 100.343) up to 8.18# (price
99.711) with the average at 8.14# (price 99.921).
Yields accepted ranged from 8.38# (price 99.948) up to 8. # (price
48
98.917) with the average at 8.44# (price 99.327).
Yields accepted ranged from 8.15# (price 100.180) up to 8.29# (price
99.926) with the average at 8.25# (price 99.998).
Yields accepted ranged from 8.45# (price 100.145) up to 8.56# (price
99.773) with the average at 8.54# (price 99.840).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing September 30, 1975.
Yields accepted ranged from 8.40# (price 99.955) up to 8.46# (price
99.847) with the average at 8.44# (price 99.883).
Yields accepted ranged from 8.05# (price 99.893) up to 8.13# (price
99.722) with the average at 8.10# (price 99.786).
Yields accepted ranged from 8.06# (price 101.121) up to 8.19# (price
99.761) with the average at 8.14# (price 99.899).
Yields accepted ranged from 7.47# (price 100.055) up to 7.59# (price
99.836) with the average at 7.55# (price 99.909).
Issued to Federal Reserve banks and Government accounts in exchange
for notes maturing November 15, 1975.
Yields accepted ranged from 7.87# (price 100.027) up to 7.95# (price
99.603) with the average at 7.92# (price 99.762).
Prices accepted ranged from 101.73 (yield 8.21#) down to 101.34
(yield 8.24#) with the average at 101.50 (yield 8.23#).
Yields accepted ranged from 7.24# (price 100.018) up to 7.31# (price
99.890) with the average at 7.28# (price 99.945).
Yields accepted ranged from 7.43# (price 100.238) up to 7.53# (price
99.898) with the average at 7.50# (price 100.000).
Yields accepted ranged from 7.35# (price 100.108) up to 7.42# (price
99.806) with the average at 7.40# (price 99.892).
Yields accepted ranged from 6.41# (price 99.935) up to 6.51# (price
99.751) with the average at 6.49# (price 99.788).
All accepted subscriptions were awarded at the price of 100.00
(yield 8.00#).
Yields accepted ranged from 7.00# (price 100.000) up to 7.09# (price
99.761) with the average at 7.05# (price 99.867).
Prices accepted ranged from 102.14 (yield 8.05#) down to 101.42
(yield 8.12#) with the average at 101.75 (yield 8.09#).
Yields accepted ranged from 6.57# (price 100.039) up to 6.64# (price
99.925) with the average at 6.62# (price 99.957).
Yields accepted ranged from 7.50# (price 99.990) up to 7.55# (price
99.818) with the average at 7.54# (price 99.853).
Yields accepted ranged from 6.71# (price 100.074) up to 6.80# (price
99.908) with the average at 6.76# (price 99.982).
Treasury Bulletin
44
PUBLIC DEBT OPERATIONS.
Footnotes to Table PDO-4.—
Continued
69/ Yields accepted ranged from 7.35$ (price 100.101) up to 7.39% (price
99.940) with the average at 7.38% (price 99.980).
70/ Yields accepted ranged from 6.59% (price 99.837) up to 6.63% (price
99.765) with the average at 6.61% (price 99.801).
71/ All accepted subscriptions were awarded at the price of 100.00
(yield 7.875%).
72/ Prices accepted ranged from 97.50 (yield 8.11%) to 96.36 (yield
8.22%) with the average at 96.73 (yield 8.19%).
73/ Yields accepted ranged from 7.08% (price 100.082) up to 7.19%
(price 99.881) with the average at 7.16% (price 99.936).
74/ Yields accepted ranged from 7.68% (price 99.796) up to 7.73%
(price 99.625) with the average at 7.71% (price 99.693).
75/ Yields accepted ranged from 6.96% (price 99.844) up to 7.01%
(price 99.752) with the average at 6.99% (price 99.789).
76/ Yields accepted ranged from 7.60% (price 100.076) up to 7.64%
(price 99.909) with the average at 7.63% (price 99.951).
77/ Yields accepted ranged from 6.90% (price 99.953) up to 6.96% (price
99.843) with the average at 6.95% (price 99.861).
78/ Yields accepted ranged from 6.88% (price 99.987) up to 6.92% (ptrice
99.880) with the average at 6.91% (price 99.907).
79/ All accepted subscriptions were awarded at the price of 100.00 (yield
8.00%).
80/ Yields accepted ranged from 7.98% (price 100.215) up to 8.03% (price
-99.679) with the average at 8.01% (price 99.893).
81/ Yields accepted ranged from 6.59% (price 100.065) up to 6.69% (price
99.880) with the average at 6.67% (price 99.917).
81-A/ Yields accepted ranged from 6.90% (price 99.903) up to 6.94% (price
99.764) with the average at 6.93% (price 99.799).
82/ Yields accepted ranged from 6.27% (price 99.963) up to 6.32% (price
99.870) with the average at 6.30% (99.907).
83/ Yields accepted ranged from 7.02% (price 99.894) up to 7.10% (price
99.557) with the*average at 7708%'(price 99.641).
84/ Yields accepted ranged from 5.88% (price 99.991) up to 5.99% (price
99.787) with the average at 5.96% (price 99.842).
85/ Yields accepted ranged from 6.32% (price 99.811) up to 6.37% (price
99.677) with the average at 6.36% (price 99.704).
86/ Yields accepted ranged from 7.00% (price l00.00Q)up to 7.02% (price
99.891) with the average also at 7.02%
87/ Prices accepted ranged from 101.05 (yield 7.77%) down to 100.58
(yield 7.82$) with the average at 100.7^ (yield 7.80%).
88/ Yields accepted ranged from 5.76% (price 99.981) up to 5.94% (price
99.647) with the average at 5.86% (price 99.795).
82/ Yields accepted ranged from 5.87% (price 100.007) up to 5.92% (price
99.829) with the average at 5.91% (pricp 99.864).
90/ Yields accepted ranged from 5.29% (price 99.925) up to 5.38% (price
99.757) with the average at 5.37% (price 99.775).
91/ Yields accepted ranged from 6.15% (price 99.872) up to 6.20% (price
99.656) with the average at 6.19% (price 99.699).
$ 2 / Yields accepted ranged from 5.94% (price 99.880) up to 5.99% (price
99.787) with the average at 5.97% (price 99.824).
93/ Yields accepted ranged from 6.56% (price 99.839) up to 6 .64% (price
99.625) with the average at 6.62% (price 99.678).
9 k/ Yields accepted ranged from 7.21% (price 100.217) up to 7.27% (price
99.892) with the average at 7.25% (price 100.000).
95/ Yields accepted ranged from 7.58% (price 100.530) up to 7.63% (price
99.941) with the average also at 7.63%.
96/ Yields accepted ranged from 5.95% (price 99.861) up to 5.99% (price
99.786) with the average at 5.98% (price 99.805).
97/ Yields accepted ranged from 6.85% (price 100.073) up to 6.90% (price
99.898) with the average at 6.88% (price 99.968).
98/ Yields accepted ranged from 5.99% (price 100.019) up to 6.03% (price
99.944) with the average at 6.02% (price 99.963).
.
99/ Yields accepted ranged from 6.98% (price 100.058) up to 7.03% (price
99.846) with the average at 7.02% (price 99.889).
100/ Yields accepted ranged from 5.84% (price 100.065) up to 5.89% (price
99.972) with the average at 5.87% (price 100.009).
101/ Prices accepted ranged from 100.00 (yield 7.24%) down to 99.76 (yield
7.29%) with the average at 99.81 (yield 7.28%).
102/ Prices accepted ranged from 98.54 (yield 7.75%) down to 98.13 (yield
7.78%) with the average at 98.25 (yield 7.77%).
103/ Yields accepted ranged from 6.20% (price 99.861) up to 6.25% (price
99.768) with the average at 6.23% (price 99.805).
10U Yields accepted ranged from 6.75% (price 99.984) up to 6.82% (price
99.738) with the average at 6.80% (price 99.808).
105/ Yields accepted ranged from 6.11% (price 100.028) up to 6.14% (price
99.972) with the average at 6.14% (price 99.972).
106/ Yields accepted ranged from 7.27% (price 99.792) up to 7.30% (price
99.520) with the average at 7.29% (price 99.611).
107/ Yields accepted ranged from 6.25% (price 100.000) up to 6.35% (price
99.815) with the average at 6.34% (price 99.834).
108/ Yields accepted ranged from 6.78% (price 99.920) up to 6.85% (price
99.733) with the average at 6 .84% (price 99.760).
109/ Yields accepted ranged from 7.24% (price 100.054) up to 7.27% (price
99.892) with the average at 7.26% (price 99.946).
110/ Prices accepted ranged from 99.10 (yield 7.70%} down to 98.80 (yield
7.73%) with the average at 98.94 (yield 7.72%).
ill/ Yields accepted ranged from 6.65% (price 99.954) up to 6.68% (price
99.899) with the average also at 6.68%.
u p/ Yields accepted ranged from 6.80% (price 99.811) up to 6.85% (price
99.636) with the average at 6.84% (price 99.671).
113/ Yields accepted ranged from 6.71% (price 99.843) up to 6.75% (price
99.770) with the average at 6.74% (price 99.788).
11A/ Yields accepted ranged from 7.15% (price 99.876) up to 7.20% (price
99.666) with the average at 7.18% (price 99.750).
115/ Yields accepted ranged from 7.20% (price 100.092) up to 7.29% (price
99.927) with the average at 7.27% (price 99.963).
116/ Yields accepted ranged from 7.22% (price 99.748) up to 7.25% (price
99.668) with the average at 7.24% (price 99.695).
117/ Yields accepted ranged from 7.66% (price, 99.759) up to 7.71% (price
99.415) with the average at 7.69% (price 99.552).
118/ Yields accepted ranged from 7.92% (price 99.487) up to 7.95% (price
99.148) with the average at 7.94% (price 99.261).
112/ Yields accepted ranged from 7.12% (price 100.009) up to 7.14% (price
99.972) with the average at 7.13% (price 99.991).
120/ Yields accepted ranged from 7.29% (price 99.845) up to 7.32% (price
99.741) with the average at 7.31% (price 99.776).
*
Less than $500,000.
p
Preliminary.
December 197 7
45
.PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations
Date of
financing
Description of securities
Amount issued
(In millions)
Average price
per hundred
Effective
interest
rate
Eligible securities exchanged
1977
7-1/455 Note
$212
$99,945
99.945
12/31/75-H
7.53$
-
12/31/77-P
12/31/75
2,553
2,765
2/2/76
2,511
2,115
97
3,066
3,162
99.788
6.49
2/
99.786
99.982
99.982
8.10
2/
300
2,274
2,574
578
118
3,264
3,960
99.801
99.801
6.61
6.61
99.700
99.700
99.700
7.21
7.21
7.21
2/
2/
7.52
1078
6-3/8$
8$
Note
Note
-
1/31/78-J
2/28/78-G
10/7/75
6-3/4$
Note
-
3/31/78-K
3/31/76
6-1/2$ Note
-
4/30/78-L
5/17/76
7-1/8$ Note
-
5/15/78-D
2/18/75
7-7/8$
-
5/15/78-F
8/15/75
1,372
3,051
99.768
99.768
7.94
7.94
-
5/31/7&-M
6/1/76
4,423
82
2,485
2,567
99.936
99.936
7.16
7.16
6-7/8$ Note
-
6/30/78-N
6/30/76
692
2,638
99.789
99.789
6.99
6.99
2/
6-7/8$
-
7/31/78-P
7/30/76
3.331
2,855
99.861
6.95
2/
8.73
8.73
8.73
2/
99.717
99.717
7.70
7.70
2/
54
2,895
99.917
99.917
6.67
6.67
2/
2,949
326
2,868
99.907
99.907
6.30
6.30
2/
99.842
99.842
5.96
5.96
2/
99.75
99.75
99.75
99.75
99.75
99.75
99.75
6.05
6.05
6'5
.0
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$
99.795
99.795
5.86
5.86
2/
2,517
252
3,124
99.899
99.775
99.775
8.14
5.37
5.37
2/
2,885
368
99.824
99.867
99.867
99.867
5.97
2/
7.05
7.05
7.05
99.805
99.805
5.98
5.98
2/
99.963
99.963
6.02
6.02
-/2
1 *
a
/
7-1/8$
Note
Note
Note
343
8-3/4$
Note
-
8/15/78-C
5/15/74
7-5/8$
Note
-
8/15/78-E
5/15/75
-
8/31/78-Q
8/31/76
240
1,880
100.07
100.07
100.07
6.76
6.76
8$
2/
Note
3/31/76-H
5/15/76-E
5-3/4$
2/
5-3/4$
5-7/8$
5-7/8$
Note
Note
2/15/75-A
2/15/75-E
Note
8/15/75-C
5/31/76-M
6/30/76-1
8-3/4$
7-1/4$
4-1/4$
Note
Bond
5/15/74-D
5/15/74
2,462
6-5/8$ Note
6-1/4$ Note
-
9/30/78-R
5-7/8$ Note
-
10/31/78-S
9/30/76
■2, 0 "
” 30
2,855
5,155
6$
5/15/75-B
5-7/8$
8/31/76-L
9/30/76-J
8-1/4$
3,195
11/1/76
98
2,822
6-1/2$
10/31/76-0
2,921
6$
Note
-
11/15/78-B
11/15/71
5-3/4$ Note
-
11/30/78-T
11/30/76
Note
Note
Note
Note
Note
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
8,207
136
2,805
7-1/8$
11/30/76-N
2,9a
8-1/8$
5-1/4$
197Q
5-7/8$
7$
5-7/8$
Note
Note
-
12/31/78-H
12/31/78-U
10/22/75
12/31/76
Note
-
1/31/79-L
2/3/77
Note
-
2/15/79-H
2/17/76
Note
-
2/28/79-M
2/28/77
1,232
3,092
4,692
150
2,695
2/
7-1/4$
6-1/4
$
5-7/8$
12/31/76-K
Note
Note
2/15/76-A
2/15/76-F
2
/
2/28/77-F
2,845
6$
Note
-
Footnotes at end of table.
3/31/79-N
3/31/77
523
2,995
3,519
3/31/77-G
Treasury Bulletin
46
.PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—
Continued
1222
5-7/8*
Note
-
2/28/79-M
-
3/31/79-N
Note
Amount issued
(In millions)
Date of
financing
Description of securities
Average price
per hundred
Effective
interest
rate
$ 150
2,695
$99,805
99.805
5.98%
2/28/77
{
3/31/77
{
(r
5-7/8%
7-7/*%
4/30/79-P
Note
6-1/8%
”
Note
5/2/77
5/15/79-D
11/6/74
1/7/75
5/31/79-Q
Note
5/31/77
7-3/4*
Note
-
6/30/79-E
Note
-
6/30/79-R
99.963
99.963
6%
2/
Note
-
2/28/77-F
5.98
6.02
6.02
6-1/2*
2/
Note
~
3/31/77-G
Note
-
4/30/77-H
f
6/30/77
110
1,882
1,992
100.009
100.009
5.87
5.87
7-3/8%
2/
1,016
t
7/9/75
6-1/8%
2,845_
523
2,995
3,51? .
Eligible securities exchanged
99.937
101.95
99.805
99.805
7.89
7.52
6.23
6.23
2/
6-3/4%
2/
Note
-
5/31/77-1
1,253
190
1,898
2,087
1,782
2/
99.731
99.972
99.972
6.14
6.14
2/
6-1/2%
2/
Note
-
6/30/77-J
7-1/2*
Note
-
7/31/77-K
-
8/15/76-C
7.83
(
{
6-1/1$
6-7/8%
Note
Note
-
-
264
2,044
2,303
65p
3,U5P
3,180p
99.834
99.834
6.34
6.34
2/
700
2,289
99.907
99.907
6.91
6.91
7-1/2%
2/
Note
2,989
123P
3,357p
99.899
99.899
6.68
6.68
8-1/4%
2/
Note
8/1/77
7/31/79-S
8/16/76
8/15/79-J
r
I
6-5/8%
Note
8/31/79-T
8/31/77
I
*-1/2#
Note
-
9/30/79-F
Note
-
9/30/79-U
3,479P
2,081
9/4/75
6-5/8J6
9/30/77
(
7-1/1$
Note
-
10/31/79-V
10/31/77
r
'
I
6-5 %
/fi
Note
_
11/15/79-B
Note
-
11/15/79-C
11/15/73
6 -l/l$
Note
-
11/15/79-K
r
2/15/73
7%
11/15/76
{
{
7-1/8%
Note
-
11/30/79-W
11/30/77
I
7-1/2%
8/31/77-L
99.840
8.54
.2 /
90p
3,771p
99.788
99.788
6.74
6.74
8-3/8%
2/
Note
-
218p
4,113p
4,331p
99.963
99.963
7.27
7.27
7-1/2%
2/
Note
- 10/31/77-N
595
1,009
1,604
220
2,021
99.40
99.40
6.73
6.73
2/
100.88
100.88
6.82
6.82
2/
99.704
99.704
6.36
6.36
2/
99.991
99.991
7.13
7.13
9/30/77-M
3,&>lp
2,241
70
3,306
3,376
112p
4,6779
4,789p
Note
-
12/31/79-G
1/6/76
2,006
6-1/2%
Note
-
2/15/80-G
2/15/77
1,300
3,308
4,668
4*
Bond
-
2/15/80 1 /
100.00
4-7/8*
4-1/2*
6-1/4%
'6-5/8*
2/
Note
-
Bond
-
11/15/73
Note
-
11/15/76-D
Note
-
11/30/77-Q
Note
-
2/15/77-A
7.51
2/
99.678
99.678
6.62
6.62
X
2/
99.00
99.50
99.50
4.07
4.04
4.04
Series F&G savings bonds
99.853
99.29
99.29
99.29
7.54
7.00
7.00
7.00
99.693
101.15
101.15
7.71
8.75
8.75
99.760
99.760
6.84
6.84
99.799
6.93
7.24
2/15/73-D
1080
{
f
884
1/23/59
\JL2/l5/62
34
(
7-1/2 %
Note
6-7/8 %
Note
3/31/80-C
-
3/17/76
5/15/80-A
5/15/73
(
7-5/8%
9*
6- 3/ 4%
Note
Nate
Note
-
-
6/30/80-D
8/15/80-B
8/15/80-H
6/10/76
8/15/74
8/15/77
{
f
■
*
34
2,069
2,636
2,585
2,043
7,265
2,185
2,461
1,835
4,296
425p
3,710p
2/
2/
2/
7-3/4%
4-3/4*
Note
Note
-
5/15/73-A
5/15/73-E
Note
-
8/15/74-B
Note
-
8/15/77-B
2/
2/
5-5/8*
2/
7-3/4%
2/
4,135p
6-7/8*
7-1/8 %
5-7/8%
Note
Note
Note
-
9/30/80-E
9/14/76
-
11/15/80-J
11/15/77
-
Footnotes at end of table.
12/31/80-F
12/7/76
{
2,141
625p
3.969t)
99.695
99.695
4,594p
2,692
99.867
7.24
5.91
2/
7^3/4*
Note
-
11/15/77-E
47
December 197 7
PUBLIC DEBT OPERATIONS.
PDO-5. - Unm atured M arketable S ecu rities Issued at a Prem ium or D iscount
Other than Advance R efunding O perations-C ontinued
Description of securities
1981
7$
7-3/8J5
Note
-
Note
Date of
financing
Amount issued
(In millions)
2/15/81-A
2/15/74
.
/
\
2/15/81-C 2 /
2/18/75
\
I
$25
302
1,515
1,842
400
1,768
2,168
Average price
per hundred
$100.28
100.28
100.28
Effective
interest
rate
6.95$
6.95
6.95
Eligible securities exchanged
7-3/4$
4-1/8$
2/
Note
Bond.
2/15/74-C
2/15/74
Note
2/15/75-A
99.453
99.453
7.49
7.49
5-3/4$
2/
4/5/76
2,628
99.980
7.38
2/
6-7/8$
7-3/8$
Note
Note
3/31/81-H
5/15/81-D
3/8/77
1/26/76
2,809
2,020
99.968
99.892
6.88
7.40
6-3/4$
7-5/8$
Note
6/30/81-J
6/3/77
2,514
99.808
6.80
2/
2/
2/
Note
8/15/81-F
7/9/76
7$
Bond
8/15/81
8/15/71
2,586
202
411
195
807
99.951
99.20
99.20
99.20
7.63
7.11
7.11
7.11
2/
8-1/4$
4$
2/
Note
Bond
8/15/71-F
8/15/71
6-3/4$
Note
9/30/81-K
9/7/77
2,968p
7.82
7.82
2/
5-3/4$
2/
Note
11/15/74-A
11/15/81-B
99.671
99.628
99.628
6.84
fll/1 5 /7 4
L 3/19/75
10/12/76
1,762
11/15/81-G
101.25
99.641
7.70
7.08
2/
2/
5/15/72
1/6/77
5/15/75
505
2,697
100.60
99.699
100.00
100.00
6.34
6.19
8.00
8.00
2/
2/
6$
2/
Note
5/15/75-B
5/15/82-E
4/4/77
2,613
99.889
7.02
2/
8/15/82-B
8/15/75
902
2,017
' 2:918
99.921
8.14
5-7/8$
Note
8/15/75-C
11/15/82-C
11/17/75
384
2,518
2,902
99.762
99.762
7.92
7.92
7$
2/
Note
11/15/75-D
Note
11A5/82-F
10A7/77
2,735p
99.750
7.18
2/
Note
11/15/83-B
11/15/76
50
2,259
2,309
99.891
99.891
7.02
7.02
6-1/4$
2/
Note
11/15/76-D
7-3/4$
Note
7$
1982
6-3/8$
6-1/8$
7$
8-1/8$
Bond
Note
Note
Note
7-7/8$
7-1/8$
2/15/82 1 /
2/15/82 -D
5/15/82 -A
.
/
^
/
\
949
1,766 »
2,543
1,233
1,514
2,747
1983
7$
1Q8A
2/15/77
6-3/8$
8$
2/
Note
2/15/77-A
5/16/77
99.81
99.81
7.28
7.28
9$
2/
Note
5/15/77-D
8/15/72
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$
8/15/84
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
99.40
2-1/2$
5-3/4$
3-7/8$
5-3/4$
5-7/8$
2/
Note
Bond
Bond
Note
Bond
Note
Bond
Note
Note
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
8/15/77
99.946
99.946
7.26
7.26
7-3/4$
2/
Note
8/15/77-B
100.50
3.22
2/
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/
Note
Note
Note
Note
Note
Bond
Bond
101.00
101.00
101.00
4.19
4.19
4.19
4$
3-1/4$
2/
Note
Note
7.69
7.69
|-3A*
Note
2/15/84-A
Bond
7-1/4$
1985
3-1/4$
1986
6-1/8$
7.25
7.25
8/15/84-B
7-1/4$
100.00
100.00
5/15/85
Bond
11/15/86
6/3/58
11/15/71
1,135
487
187
58
36
1987
4-1/4$
Bond
8/15/87-92 1/
8/15/62
268
58
24
1,216
*
5
360
-
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
365
7-5/8$
Note
Footnotes at end of table.
11/15/87-A
11/15/77
373p
2 015p
99.552
99.552
-
11/15/77-E
48
Treasury Bulletin
, PUBLIC
DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations—
Continued
7-1/2$
Bond
Bond
Average price
per hundred
Effective
interest
rate
1/17/63
$252
$99.85
4.01$
r 8/15/73
1988
4$
Amount issued
(In millions)
93
333
500
95.05
95.05
95.05
8.00
8.00
2/
8-1/8$
4$
8.00
2/
100.14
100.14
7.78
7.78
2/
100.45
100.45
100.45
7.68
7.68
7.68
2/
100.55
4.09
2/
Date of
financing
Description of securities
2/15/88-93
8/15/88-93
925
136
302
"438"
10
240
301
{ 11/15/73
2/15/74
k
.
Eligible securities exchanged
8/15/73-B
8/15/73
4-1/8$
7-3/4$
4-1/8$
11/15/73
Note
Bond
2/15/74-C
2/15/74
551
1989
4-1/8$
1QQ0
8-1/4$
Bond
5/15/89-94
4/18/63
300
Bond
5/15/90
4/7/75
1,247
99.455
8.31
2/
1992
7-1/4$
Bond
8/15/92
7/8/77
1,504P
99.611
7.29
2/
627
40
652
692
99.50
6.79
7.11
7.11
2/
98.75
98.75
5/15/74
279
309
588
102.85
102.85
8.21
8.21
2/
{ 8/15/74
486
400
98.70
98.70
8.46
8.46
2/
885
196
142
603
103.04
103.04
103.04
8.37
8.37
8.37
2/
1QQ1
6-3/4$
7$
Bond
2/15/93
1/10/73
Bond
5/15/93-98
5/17/76
1994
8-1/2$
Bond
5/15/94-99
11/15/74
2/15/95-00
5/17/76
8/15/95-00
1
Bond
8/15/96-01
8/16/76
2000
5/15/75
96.73
96.73
8.19
8.19
100.79
99.327
99.327
7.80
Note
2/15/75-A
Note
5/15/76-B
Note
8/15/75-C
2/
101.50
101.50
11/15/74-A
11/15/74
2/
8.44
8.44
Note
Bond
2/
8.33
8.33
Bond
{.
5/15/00-05
.2/17/76
342
250
983
1,575
220
630
754
5-3/4$
6-1/2$
5-7/8$
11/15/75-D
99.893
99.893
99.893
1,604
215
' 2/15/77
Bond
2/15/02-07
5/16/77
8.02
8.02
8.02
7-1/2$
6-1/2$
2/
Note
Note
8/15/76-C
8/15/76-G
99.450
99.450
99.450
8.30
8.30
5-7/8$
6$
2/
Note
Note
5/15/75-F
5/15/75-B
Note
2/15/76-A
Note
2/15/77-A
8.30
101.75
101.75
99.941
1,143
527
373
1,003
7.63
7.63
2/
98.25
98.25
98.25
391
753
8.09
8.09
99. 9a
2002
7-5/8$
5-3/4$
3-7/8$
1,151
1996
8-1/4$
8/15/74-B
2/
1,114
150
1,001
11/17/75
8$
5-5/8$
7.95
7.95
313
801
-8/15/75
Bond
5/15/74
99.191
99.191
868
1,001
11/15/76
8-3/8$
4-1/4$
..20? .
117
750
2/18/75
Bond
5/15/73-A
_941_
150
752
1995
7-7/8$
7-3/4$
2/
7.77
7.77
7.77
6-7/8$
9$
2/
Note
Note
5/1S/77-C
5/15/77-D
6-1/4$
2/
1,903
8/15/77
7-7/8$
Bond
11/15/02-07
199p
l,003p
l,202p
98.94
98.94
7.72
7.72
7-3/4$
2/
Note
8/15/77-B
11/15/77
240p
l,255p
l,495p
99.261
99.261
7.94
7.94
7-3/4$
2/
Note
11/15/77-E
1/ Additional issue.
2/ Issued for cash.
. / Treasury Notes, 7-3/8$ Series C-1981 and 7-3/8$ Series E-1981
2
*
p
consolidated effective Sept. 1, 1976.
Less than $500,000.
Preliminary,
December 1977
49
PUBLIC DEBT OPERATIONS
Table PDO-6. - Allotm ents by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/
(In millions of dollars)
Allotments by investor classes
Issues
Amount issued
Date of
financ
ing
Description 0 f securities
8/15/70 r7-3/4$
^7-3/4$
8/17/70 7-1/2$
11/15/70 !7-1/4$
^7-1/2$
Note
Note
Note
Note
Note
11/16/70
6-3/4$
2/15/71 '5-7/8$
^6-1/4$
5/15/71 "5$
^5-3/4$
6/29/71 6$
Note
Note
Note
Note
Note
Note
Note
8/15/71
' 7$
Bond
8/16/71 6-1/2$ Note
9/8/71 6-1/4$ Note
10/22/71 5-7/8$ Note
f4-7/8$ Note
11/15/71 / 6$
Note
V 6-1/8$ Bond
,
-
2/15/74-C
8/15/77-B
2/15/72-C
5/15/74-D
8/15/76-C 8/
5/15/72-D
- 8/15/75-C
- 2/15/78-A
- 8/15/72-E
- 11/15/74-A 8/
- 11/15/72-F
- 11/15/75-D
8/15/81
- 2/15/73 -C
- 11/15/76-D
- 2/15/75-E
- 11/15/73-D
- 11/15/78-B
11/15/86
2/15/72 r5-3/4$ Note - 5/15/76-E
2/15/82
1^6-3/8$ Bond 4/3/72 5-7/8$ Note - 5/15/75-F
5/15/72 r4-3/4$ Note - 5/15/73-E
2/15/82 8/
^6-3/8$ Bond r5-7/8$ Note - 2/15/76-F
8/15/72 .6-1/4$ Note - 8/15/79-A
V 6-3/8$ Bond .
8/15/84
Note - 9/30/74-E
10/19/72 6$
11/15/72 6-1/4$ Note - 11/15/76-D 8/
12/28/72 5-7/8$ Note - 12/31/74-F
l/iO/73 6-3/4$ Bond - 2/15/93
2A5/73 f 6-1/2$ Note - 8/15/76-G
\6-5/8$ Note - 11/15/79-B
For
cash
_
3,190
2,037
_
2,285
_
195
2,514
1,283
2,045
2,768
_
24
_
66
1,776
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
-
627
_
1,009
3,883
595
5,221
40
628
425
-
2,048
1,879
309
1,835
2,393
400
656
583
279
2,461
2,936
486
1,818
1,016
(7-1/8$ Note - 5/15/78-D
2/18/75 <7-3/8$ Note - 2/15/81-C
(7-7/8$ Bond - 2/15/95-00
Footnotes at end of table.
1,500
2,915
673
420
554
-
105
1,392
595
5,275
140
630
665
1,532
7-1/4$ Note
7-7/8$ Note
8$
Note
-
-
- 6/30/76-1
- 8/15/78-C
- 5/15/94-99
- 8/15/80-B
- 5/15/77-D
- 5/15/94-99 5/
- 9/30/76-J
- •5/15/79-D
- 11/15/77-E
- 11/15/81-B
- 5/15/94-99 8/
- 12/31/76-K
- 5/15/79-D 8/
- 3/31/76-H 8/
12/31/74
1/7/75
1/9/75
592
351
3,041
2,102
1,511
2,021
302
2,258
1,515
301
(7-3/4$ Note
11/15/74 <7-3/4$ Note
(8-1/2$ Bond
1,457
1,046
2,514
1,028
1,437
1,180
f7$
Note - 12/31/75-H
Note - 11/15/79-C
11/15/73 ( 7$
s7-l/2$ Bond - 8/15/88-93 8/
f 6-7/8$ Note - 5A5/77-C
Note - 2/15/81-A
2/15/74 ( 7$
^7-1/2$ Bond - 8/L5/88-93 8/
Note - 3/31/76-H
4/9/74 8$
8-1/4$ Note
7-7/8$ Note
2,319
2,722
2,514
4,945
4,559
2,312
-
2,043
652
2,026
500
9/30/74
11/6 /74
150
479
190
838
811
1,279
505
_
41
2,060
5/15/73 [ 6-7/8$ Note - 5/15/80-A
\ 7$
Bond - 5/15/93-98
8A5/73 1 7-3/4$ Note - 8/15/77-B 8/
\ 7-1/2$ Bond - 8/15/88-93
9/4/73 8-3/8$ Note - 9/30/75-G
r8-3/4$ Note
5/15/74 j 8-3/4$ Note
V 8-1/2'$ Bond
.
f9$
Note
Note
8/15/74 < 9$
(8-1/2$ Bond
U.S. Gov
ernment
accounts
and
Federal
Reserve
banks 2/
2,042
2,571
1,766
603
2,205
1,253
756
3,263
1,768
752
220
220
136
-
61
220
220
136
307
327
250
Commer Individucial
banks
als
2/
U
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
166
74
656
292
94
119
235
431
138
246
19
130
210
57
1,046
15
1,833
1,566
3,197
296
9
15
240
31
85
221
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
15
6
15
84
166
82
9
24
6
40
71
23
111
14
183
34
188
Insur
ance
i
compa
<
nies
1
Mutual
Corpo
sav
rations
ings
banks 1 /
62
35
78
61
40
6
20
18
13
7
4
34
90
11
13
26
30
38
8
3
22
133
13
26
2
37
8
36
38
29
38
22
13
44
24
2
43
37
10
77
116
22
36
2
59
8
2
2
1
1
47
6
23
79
1
*
*
3
35
9
5
1
1
4
33
1
26
29
4
*
*
8
205
1,059
949
338
77
205
1,059
949
338
77
1,174
581
697
697
204
164
191
144
30
62
27
400
400
150
150
593
2,054
1,061
276
63
156
64
23
1
9
2
5
21
1
*
*
1
26
1
*
*
14
53
235
3
85
46
1
2
1
125
46
992
1,150
185
558
296
70
10
125
3
24
31
*
2
6
7
*
79
100
33
*
2
*
*
2
*
*
*
1
68
21
26
11
16
1
41
28
10
10
1
2
14
*
*
1
1,195
855
21
1
1
19
2
4
6
_
*
1
7
-
10
12
8
7
9
7
1
8
1
6
*
73
136
4
38
22
4
8
6
2
1
*
*
*
*
59
1
*
*
23
9
13
3
38
21
*
703
275
405
15
440
1
214
644
312
447
98
473
370
103
47
16
35
151
6
9
100
202
125
56
14
*
*
13
10
*
1
4
2
27
6
165
288
96
51
367
56
224
336
232
-
13
9
1
1
*
647
673
294
676
350
1
10
14
1
29
1
7
93
578
484
356
39
10
7
*
10
6
13
3
72
94
11
1
11
23
3
71
30
7
11
-
29
2
20
15
16
21
1
11
13
10
5
4
2
41
202
23
23
22
2
29
9
18
54
26
10
186
769
45
309
56
3
5
5
4
*
10
27
12
84
311
13
117
121
104
112
8
10
67
104
273
296
400
346
14
14
7
5
1
*
1
6
1
*
*
209
24
52
*
*
6
1
1
2
19
10
8
7
11
5
8
4
23
3
3
*
*
*
334
424
135
196
111
2
1
49
39
263
270
1 68
480
816
16
104
405
76
272
2
*
154
325
205
77
94
6
52
17
•
*
1,224
1,315
106
619
821
l2
l9
269
343
392
198
3
2
59
1
V
248
72
9
2
2
All
other
335
513
93
93
2
5
*
7
10
2
8
2
1
167
47
110
193
22
J
Dealers
and
brokers
3
4
*
3
3
6
3
1
8
27
1
3
4
2
*
Other
funds
714
631
177
263
68
2
*
29
16
*
Pension
and re
•
tire
]
ment
funds
2
6
4
260
496
33
44
7
1
35
1,371
913
248
5
35
52
51
4
36
27
State and local
governments 6/
8
123
68
89
28
1
656
583
279
2,461
2,936
486
307
327
250
91
98
24
4
1
202
43
23
3
31
1
42
1,003
1,366
83
1,519
1,094
173
1,016
41
25
18
46
21
11
Private
pension
and re
tirement
funds
300
636
5
29
5
286
9
3
223
11
2
340
17
42
Treasury Bulletin
50
PUBLIC DEBT OPERATIONS
Table PDO-6 - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ —
Continued
(In millions of dollars)
Issues
Date of
financ
ing
Description of securities
Note “/”/75 f 6*
3 3
-V-V*< ^5-7/8* Note 3/19/75
3/25/75
3/31/75
Amount issued
In
exchange
For
for
cash
other
securi
ties
2/28/77-F
8/31/76-L
7-3/4* Note - 11/15/81-B 8/
6*
Note - 5/31/76-M
6-1/2* Note - 3/31/77-G
1,665
1,662
1,762
1,580
2,576
8-I/4* Bond -
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve 2 /
banks 2/
_
_
-
-
4/7/75
4/8/75
5/15/90
7-1/8* Note - 11/30/76-N
1,247
-
269
-
1,507
-
-
4/30/75
7-3/8* Note - 4/30/77-H
f7-5/8* Note - 8/15/78-E
{ 8*
Note - 5/15/82-A
(8-1/4* Bond - 5/15/00-05
6-3/4* Note - 5/31/77-1
6-1/2* Note - 10/31/76-0
1,579
2,855
1,514
754
2,137
-
2,300
1,234
850
5/15/75
5/27/75
6/6/75
6/30/75
7/9/75
7/31/75
8/15/75
8/29/75
9/4/75
9/30/75
10/7/75
10/22/75
10/31/75
/lO/W
JJ/J (f r?
.L L
12/31/75
1/6/76
1/26/76
2/2/76
2/17/76
3/3/76
3/17/76
3/31/76
4/5/76
5/17/76
6/1/76
6/10/76
6/30/76
7/9/76
7/30/76
8/16/76
8/31/76
9/14/76
9/30/76
10/12/76
6-1/2* Note -
6/30/77-J
6/30/79-E
7/31/77-K
5/15/78-F
8/15/82-B
8/15/95-00
8/31/77-L
1,579
2,170
2,300
1,233
850
-
162
Indi
vidu
als
U
945
910
69
36
879
1,018
1,296
33
92
266
773
830
1,465
691
251
1,187
824
1,156
961
77
23
30
72
195
118
37
Allotments by investor classes
State and local
governments £/
Private
Insur Mutual Corpo
pension Pension
ance
sav
rations and re
compa ings
and re
tirement tire
Other
nies
banks 1 /
funds
funds
ment
funds
*
20
2
9
27
4
1
16
11
3
9
4
*
8
16
1
9
3
*
1
6
1
7
13
7
17
43
-
37
8
16
3
13
7
6
6
1
2
31
7
1
123
51
53
47
65
184
85
18
3
13
34
5
13
9
5
17
25
38
22
1
28
*
3
20
34
3
5
24
61
52
50
9
9
7
53
22
111
3
2
1
42
12
13
5
16
37
19
3
23
65
1,372
902
313
-
1,372
902
313
10
1,819
847
217
1,188
-
-
1,046
104
150
4
21
32
16
34
42
33
-
33
5
-
1,783
511
15
39
134
974
1,400
8
6
1,693
559
130
250
13
1
11
79
53
127
384
150
-
93
19
147
77
6
19
25
-
1,144
217
1,610
1,010
64
19
212
384
150
212
1,600
1,939
215
-
-
1,121
189
1,600
1,939
215
-
1,675
1,761
91
1,508
25
52
122
2,285
8
61
-
-
1,030
162
2,274
4,747
751
97
300
472
117
97
300
472
117
1,684
1,198
1,246
1,894
166
119
126
1,141
12
5/31/78-M
6/30/80-D
6/30/78-N
8/15/81-F
7/31/78-P
2,485
2,185
2,639
2,586
2,855
82
692
-
1,329
1,116
1,415
1,161
1,663
Note - 8/15/79-J
Note - 8/15/86-B
Bond - 8/15/96-01
Note - 8/31/78-Q
Note - 9/30/80-E
6-1^4* Note - 9/30/78-R
7*
Note - 11/15/81-G
2,289
8,039
983
2,895
700
1,476
592
54
326
82
692
700
1,476
592
54
326
7-3/4*
7-1/2*
f7-7/8*
/ 8-1/8*
V 8-3/8*
8-1/4*
8-1/2*
Note
Note
Note
Note
Bond
Note
Note
-
9/30/79-F
8-3/8* Note - 9/30/77-M
8*
Note - 2/28/78-G
8-1/8* Note - 12/31/78-H
7-1/2* Note - 10/31/77-N
f 7-7/8* Note - 11/15/82-C
\8-3/8* Bond - 8/15/95-00 8/
1,782
1,516
3,051
2,016
801
2,021
2,081
3,193
2,115
2,517
3,156
2,518
1,001
7-1/4* Note - 12/31/77-P
7-1/2* Note - 12/31/79-G
7-3/8* Note - 5/15/81-D
2,553
2,006
2,020
6-3/8* Note -
2,511
3,092
6,019
402
2,628
(7*
< 8*
^8-1/4*
6-5/8*
1/31/78-J
- 2/15/79-H
- 2/15/83-A
- 5/15/00-05 2/
- 11/30/77-Q
7-1/2* Note - 3/31/80-C
6-3/4*
7-3/8*
f 6-1/2*
/ 7-7/8*
V7-7/8*
Note
Note
Bond
Note
Note
Note
Note
Note
Bond
7-1/8* Note
7-5/8* Note
6-7/8* Note
7-5/8* Note
6-7/8* Note
- 3/31/78-K
- 2/15/81-C
- 4/30/78-L
- 5/15/86-A
- 2/15/95-00 8/
-
r6-7/8*
( 8*
V8*
6-5/8*
6-7/8*
Footnotes at end of table.
2,069
3,065
2,628
2,141
2,869
2,543
-
436
1,252
152
1,187
2,356
346
1,219
909
68
178
134
94
59
ISO
3,548
29
85
121
1,629
1,356
65
88
6
15
19
2
15
11
17
2
19
117
5
11
9
26
83
86
46
93
32
13
35
11
36
29
101
32
49
496
9
36
25
22
40
121
38
26
407
40
158
32
78
101
24
H7
672
22
116
32
17
122
2
23
44
1
3
19
6
18
12
13
16
12
13
20
n
vr
168
3
2
26
7
126
13
62
12
11
24
44
55
33
6
13
29
12
13
11
11
5
21
300
10
15
52
5
23
8
214
3
5
10
8
22
4
18
33
70
344
12
7
20
18
44
21
11
15
89
1
25
8
Dealers
and
brokers
414
489
720
290
677
676
486
518
960
604
344
563
All
other
2/
175
183
49
211
161
68
172
100
3
2
4
51
8
8
10
19
17
16
7
1
6
29
4
1
5
5
20
14
15
6
599
793
466
246
393
16
25
21
448
386
294
236
4
3
1
343
723
716
79
1
1,037
697
22
11
445
666
94
195
328
10
4
182
12
2
2
26
34
2
12
8
650
595
340
46
36
*
314
808
*
7
815
89
250
568
5
7
648
5
2
2
39
6
*
*
1
4
*
•
*
39
40
*
4
17
561
852
358
346
469
506
588
632
1,038
748
3
3
*
2
37
11
1
*
3
1
14
6
3
1
14
82
19
42
31
19
7
24
7
71
5
35
12
513
545
642
772
4V4
179
479
673
770
5
471
7
829
113
18
6
162
132
109
42
192
273
69
10
175
101
394
89
502
321
454
458
33
361
195
334
128
301
255
536
34
696
235
592
116
December 1977
51
, PUBLIC
DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills 1/ —
Continued
(In millions of dollars)
Allotments by investor classes
Amount issued
Date of
financ
ing
11/1/76
11/15/76
11/30/76
12/7/76
12/31/76
1/6/77
2/3/77
2A5/77
2/28/77
3/8/77
3/31/77
4/4/77
5/2/77
5/16/77
5/31/77
6/3/77
6/30/77
7/8/77
8/1/77
8/L5/77
8/31/77
9/7/77
Description of securities
For
cash
5-7/8$
^6-1/4$
\ 7$
^7-7/8$
Note
Note
Note
Bond
- IO/3I / 78-S
. 11/15/79-K
2,823
3,306
- 11/15/83-B
- 2/15/95-00 8/
2,259
1,001
5-3/4$
5-7/8$
5-1/4$
6-1/8$
Note
Note
Note
Note
- 11/30/78-T
• 12/31/80-F
■ 12/31/78-U
■ 2/L5/82-D
>
2,805
2,692
3,124
2,697
- 1/31/79-L
- 2/15/80-G
- 2/15/84-A
■■ 2/15/02-07
5-7/8$ Note ■ 2/28/79-M
•
6-7/8$ Note ■ 3/ 3I / 8I-H
6$
Note - 3/31/79-N
7$
Note - 5/15/82-E
5-7/8$ Note • 4/30/79-P
2,855
3,308
2,024
752
2,695
2,809
2,996
2,613
1.882
7-1/4$ Note - 2A5/84-A 8 /
7-5/8$ BoM ■ 2A5/02-07 8 /
6-1/8$ Note • 5/31/79-Q
6-3/4$ Note ■ 6/30/81-J
6-1/8$ Note ■ 6/30/79-R
7-1/4$ Bond ■ 8/15/92
6-1/4$ Note - 7/3I/79-S
3/4$ Note ■ 8/15/80-H
1/4$ Note ■ 8A5/84-B
.
5/8$ Bond • 2A5/02-07 8 /
5/8$ Note ■ 8/31/79-T
.
2,910
1,004
1,897
2,514
2,044
1,504
3,115
3,708
2,563
1,003
3,358
6-3/4$ Note - 9/30/81-K
6-5/8$ Note - 9/30/79-U
7-1/8$ Note - 11A5/82-F
2,968
3,771
2,737
5-7/8$ Note
f 6-1/2$ Note
( 7-1/4$ Note
\7-5/8$ Bond
(
§
In
exchange
for
other
securi
ties
U.S. Gov
ernment
accounts Commer
and
cial
Federal banks
Reserve y
banks £/
98
70
50
70
50
136
136
252
252
1,300
881
391
150
1,300
881
391
150
523
523
110
110
2,623
900
190
2,623
900
190
264
264
65
425
199
123
65
425
300
199
123
90
90
300
1,307
1,227
906
313
1,176
1,234
1,168
1,385
1,156
1,704
981
138
1,001
1,276
1,249
1,376
7.
07
1,172
140
557
765
559
589
1,426
1,351
889
198
l,l89r
1,318
1,414
1,014
Source:
on subscription and allotment reports. For detail of
offerings see Table FD0-4.
1/ Excludes 1-1/2$ Treasury notes issued in exchange to holders of nanmarketable 2-3/4$ Treasury bonds. Investment Series B-1975-80.
2/ Includes trust funds and accounts that comprise Government accounts
tinder 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
46
67
Insur Mutual Corpo
ance
rations
compa ings
banks y
nies
34
70
72
83
29
5
11
22
4
9
3
6
23
8
33
34
23
8
10
5
9
2
276
63
58
50
36
110
16
2
7
6
7
12
57
95
229
44
58
5
18
22
144
8
52
5
9
16
3
20
6
29
28
1
26
54
1Q7
4
10
10
5
27
16
140
31
34
43
37
54
40
100
128
51
Private
pension
and re
tire
ment
funds
15
13
16
5
15
18
14
74
54
26
58
24
51
33
43
72
29
116
83
43
37
154
71
90
90
13
44
104
35
8
46
9
44
1
183
90
40
62
45
95
76
189
232
55
111
18
37
9
3
5
37
12
35
76
24
18
103
119
253
14
3
Pension
and re
tire
ment
funds
5
7
16
23
9
3
2
20
16
40
13
6
State and local
governments 6/
17
-8
1
16
28
9
Other
funds
23
5
10
4
6
5
3
41
6
44
16
1
Dealers
and
brokers
All
other
2/
775
1,025
800
589
587
923
286
8
552
491
816
358
2
4
4
35
687
355
22
8
4
4
2
1
3
1
1
1
953
861
1,035
668
899
863
640
440
804
617
562
609
484
782
614
1,008
370
557
11
14
9
15
3
5
1,024
537
661
816
476
624
155
18
24
9
13
2
33r
531
1,096
769
488
983
607
958
832
976
882
301
12
932r
1
27
10
544
780
915
11
869
1,094
544
£/ Consists of trust, sinking, and investment funds of ooa._
1 1. ’
governments and their agencies.
2/ 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
Governmerit-sponsored agencies.
8/ Reo-oening of earlier issue.
* Less than $500,000.
r Revised.
Treasury Bulletin
52
.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
financing
Date of
maturity
Average
rate
One-year
series
9-month
series 1/
Tax antic
ipation
series
Allotments by investor classes
52-week
series
(Percent)
7/31/72
8/31/72
9/30/72
10/31/72
11/24/72
11/30/72
12/5/72
12/31/72
1/31/73
2/28/73
3/31/73
4/30/73
5/31/73
6/30/73
7/31/73
8/15/73
8/28/73
9/25/73
10/9/73
10/23/73
13/1/73
11/20/73
13/30/73
12/18/73
1/15/74
2/12/74
3/4/74
3/12/74
3/29/74
4/9/74
5/7/74
6/4/74
7/2/74
7/30/74
8/27/74
9/24/74
10/22/74
11/4/74
11/19/74
12/3/74
12/5/74
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
13/18/75
12/16/75
1/33/76
2/10/76
1/5/76
4/30/73
7/31/73
5/31/73
8/28/73
6/30/73
. 9/25/73
7/31/73
10/23/73
4.723
4.918
5.040
5.178
4/20/73
11/20/73
6/22/73
12/18/73
1/15/74
2/12/74
3/12/74
4/9/74
5/7/74
6/4/74
7/2/74
9/19/73
8/27/74
9/24/74
7/30/74
10/22/74
4/19/74
13/19/74
f 4/19/74
^ 6/21/74
12/17/74
1/14/75
2/11/75
4/19/74
3/11/75
6/21/74
4/8/75
5/6/75
6/3/75
7A /75
7/29/75
9/20/74
8/26/75
9/23/75
10/21/75
6/19/75
4.721
5.225
5.089
5.337
5.986
6.050
6.616
6.598
6.818
7.235
8.392
9.803
8.387
8.057
7.702
7.132
6.765
7.708
7.830
7.790
6.880
6.948
6.342
7.452
6.897
8.306
7.887
11/18/75
4A6/75
6/17/75
12/16/75
1/13/76
2/10/76
3/9/76
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
H /15/76
12/14/76
1/11/77
2/8/77
3/8/77
Footnotes at end of table.
5.346
5.529
5.223
5.318
500
U.S. Gov
ernment
accounts,
and Federal
Reserve
banks 2/
75
627
73
194
140
654
125
578
1,201
501
1,803
500
1,801
501
1,802
_
2,012
1,802
609
2,510
_
1,800
728
1,804
1,801
1,790
1,802
1,800
1,801
1*802
747
745
760
715
500
625
727
2,017
-
1,805
1,802
1,804 6/
1.802
421
639
1,801
600
2,007
-
615
-
1,002 5/
2,000
-
1,803
1,802
1,802
808
728
871
1,801
757
1,516 5/
-
2,523 5/
-
1,801
1,802
1,802
1,802
1,806
8.422
8.249
8.256
7.836
9.652
9.564
8.341
7.629
7.933
1,502
1,803
1}803
2,003
1,501 Z/
7.362
7.426
7.520
6.625
6.378
5.313
5.637
6.474
2,002
2,251
1,256
-
5.803
6.292
6.782
7.331
7.340
6.600
6.010
6.440
5.578
5.572
6.010
3,245
3,253
3,069
2,930
3.305
1
653
-
2,001
2,001
2,103
2,102
2,205
2,435
2,404
2,591
2,293
2,893
'2,860
3,062
6.400
669
567
642
759
536
435
727
706
-
837
706
576
717
636
684
600
695
640
385
723
695
708
790
806
587
795
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
1,97V
515
703
1,634
192
613
423
1,504
618
2,500
392
539
400
442
631
1,438
861
431
524
891
Corpo
rations
y
Dealers
and
brokers
10
12
*
1
*
5
*
2
173
337
165
608
_
73
499
75
4
2
4
3
17
1
6
5
2
135
408
160
632
585
313
382
474
135
255
544
276
-
5
5
40
1
_
10_
-
1
■
*
26
-
11
-
11
6
11
12
15
21
7
10
1
584
548
45
400
20
179
185
170
430
173
259
10
200
20
414
344
444
381
489
63
336
493
652
495
659
803
703
356
506
676
610
388
599
495
555
289
808
1,085
1,080
37
54
79
10
10
82
36
147
381
1,373,
331
361
436
582
495
629
709
640
809
925
1,027
501
718
1,152
979
717
891
1,083
19
12
47
99
6
735
628
943
786
971
4
35
9
8
27
28
1
All
other y
135
26
187
47
116
140
30
86
8
455
1
177
222
138
207
420
412
297
235
73
337
272
21
371
8
497
114
196
372
288
223
2
215
3
315
346
305
208
135
1
150
145
113
114
305
40
213
439
326
241
279
515
389
590
522
429
591
515
422
631
844
556
5(P
25a
53
December 1977
, PUBLIC
DEBT OPERATIONS.
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B. - Bills Other than Regular Weekly Series—
Continued
(In millions of dollars)
Allotments by investor classes
Total amount issued
Date of
financing
Date of
maturity
Average
rate
One-year
series
Tax antic
9-month
series 1/ ipation
series
52-week
series
(Percent)
U.S. Gov
ernment
accounts
and Federal
Reserve
banks £/
Commer
cial
banks
4/6/76
5/4/76
6/1/76
6/29/76
7/27/76
8/24/76
9/21/76
10/19/76
11/15/76
12/14/76
1/11/77
4/5/77
5/3/77
5/31/77
6/28/77
7/26/77
8/23/77
9/20/77
10/18/77
11/15/77
12/31/77
1/10/78
5.781
5.645
6.309
6.082
5.887
5.634
5.561
5.126
5.201
4.708
4.728
2/8/77
2/7/78
5.344
3,105
691
3/8/77
3/7/78
5.226
3,208
984
1,070
4/5/77
5/3/77
4/4/78
5/2/78
5.158
5.160
3,342
2,966
760
894
3,203
3,335
2,921
2,612
2,977
2,953
2,917
3,095
3,402
3,505
3,071
509
718
441
796
748
597
802
859
777
881
855
199
5/30/78
5.403
2,454
544
5.408
5.648
2,253
3,038
857
424
980
8/22/78
6.105
3,005
934
679
K
1/
786
9
11
27
739
530
406
54
40
956
6/27/78
7/25/78
1/
All
other i j
698
584
501
387
314
336
292
485
568
646
6/28/77
u
Dealers
and
brokers
395
528
1,137
1,095
1,034
951
1,356
802
1,425
1,010
513
154
70
60
2
40
27
12
17
87
5/31/77
Source:
Based on subscription and allotment reports. For detail of
offerings see Table PD0-4.
1/ 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.
1/
1,447
1,435
782
332
841
1,042
455
932
545
486
932
333
7/26/77
8/2 3/77
Corpo
rations
722
1,134
555
1,053
2
80
82
423
592
890
914
707
951
558
517
547
452
632r
Included with all other investors are certain Government deposit ac
counts and Government-sponsored agencies, formerly included with
Government, investment accounts.
Reopening pf earlier issue.
42-week issue.
Special issue.
Less than $500,000.
r Revised.
Treasury Bulletin
54
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury B ills
Called or maturing securities 1/
Date ©f
refunding
or retire
ment
7/31/73
8/15/73
Issue
date
Description
A . 918$ Bill
^5.223$ Bill
-
/ 8-3/8$ Note
V
.
4$ Bond
7/31/73
7/31/73
8/15/73-B
8/15/73
7/31/72
7/31/72
2/15/70
9/15/63
(Dollar amounts in millions)
Disposition offers
" y Treasury
b
Amount
Exchange
Cash
out
security
retire
standing
offered
ment
1,201
501
1,839
3,894
1,203}
50l)
1,514"!
3,l66j
8/28/73
5.178$ Bill
-
8/28/73
8/31/72
1,803
1,803
t/19/73
9.803$ Bill
-
9/19/73
8/15/73
2,017
5.529$ Bill
-
9/25/73
9/30/72
1,801
1,801
1-1/2$ Note
5.318$ Bill
4-1/8$ Bond
5.225$ Bill
5,337$ Bill
10/1/73-E0
10/23/73
11/15/73
13/20/73
12/18/73
10/1/68
10/31/72
7/22/64
30
1,802
4,336
1,802
1,800
30
1,802
3,760
1,802
1,800
1 A 5/74
5.986$ Bill
-
1/15/74
1/31/73
1,804
1,804
2A 2/74
6.050$ Bill
“
2/15/74
r 7-3/4$ Note
V 4-1/8$ Bond
2/12/74
2/15/74-C
2/15/74
2/28/73
8/15/70
1/15/65
1,801
2,960
2,466
1,801
2,621
1,902
%%
6.616$ Bill
1-1/2$ Note
6.598$ Bill
3/12/74
4/1/74-EA
4/9/74
4A9/74
4A9/74
4A9/74
1,790
34
1,802
2,007
1,002
1,516
1,800
34
1,802
2,00ft
1,002 2/
1,514/
1,800
5/15/74-D
5/15/74
13/15/70
5/15/64
4,334
2,847
3,335
2,328
Turned
in for
cash 2/
-
-
_
I
325 4
/
728 £ f
-
1,790
5/7/74
3/31/73
4/1/69
4/30/73
llA/73
llA/73
11/1/73
5/31/73
Exchanged
-
2,017 2/
9/25/73
Results of exninr
Tora
10/3/73
10/23/73
11/15/73
w m
4/9/74
4A9/74
f 6.765$ Bill
( 7.830$ Bill
1^7.452$ Bill
5/7/74
6.818$ Bill
5/15/74
T 7-1/4$ Note
t 4-1/4$ Bond
6/4/74
f7.790$ Bill
^ 8.306$ Bill
7/2/74
-
7.235$ Bill
6/21/74
-
6/4/74
8.392$ Bill
6/30/73
1,801
11/30/73
11/30/73
7/31/73
2,000
2,523
1,802
2,00d|
2,52^2/
1,802
-
576 & /
»
-
-
-
-
-
-
-
I
_
-
-
342 2 /
/
542 & /
-
999 2
519 m /
I
-
1,801
6/21/74
6/21/74
7/2/74
-
-
-
-
-
-
-
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
5,883 1 *
2
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 2/
-
-
-
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
Note
10/22/74
7.132$ Bill
11/15/74
f 5-3/4$ Note
^3-7/8$ Bond
11/19/74
12A7/74
12/31/74
I/L4/75
7.708$
6.880$
5-7/8$
6.948$
Bill
Bill
Note
Bill
2/15/75
f 5-3/4$ Note
1^5-7/8$ Note
2/11/75
6.342$ Bill
6.897$ Bill
3/11/75
8 . $ Bill
049
1-1/2% Note
.4/8/75
7.887$ Bill
V 16/75
7.426$ Bill
5/6/75
8.442$ Bill
Footnotes at end of table.
- 10/22/74
-
205 12 /
10/23/73
1,802
1,802
-
11/15/74-A
11/15/74
11/15/67
12/2/57
5,442
1,213
3,238
1,071
11/20/73
12/18/73
12/28/72
1A5/74
2A5/68
10/22/71
1,801
1,803
2,102
1,802
1,801
1,803
2,025
1,802
4,015
1,222
2,886
1,104
2/11/75
3/11/75
3/31/75-FFB
4/1/75-EA
4/8/75
4/16/75
5/6/75
2/12/74
1,802
1,801
1,801
1,501
8
!,8°1 ,
2,2512/
i fn
t?
_
_
1,802
3/12/74
-
2,204
/
142 ^ /
11/19/74
12/17/74
12/31/74-F
- 1/L4/75
2A5/75-A
2/15/75-E
-
m
4/9/74
12/3/74
5/7/74
1,801
2,251
1.302
77 1^ /
1,129 li/
118 12 /
-
-
Description of new
securities offered
(See also Table ED0-4)
December 1977
55
________________ PUBLIC DEBT OPERATIONS_________________
Table PDO-7. - D isposition 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
Cash
Exchange
out
retire security
standing
offered
ment
Results of ex
change offers
Exchanged
Turned
in for
cash 2/
4,163 lg/
200 12/
_
-
_
-
-
-
_
_
_
-
-
65
?
Note
5/15/75-B
5-7/8J5 Note - 5/15/75-F
8.24956 Bill
6/3/75
7.520J5 Bill
6/17/75
9.767# Bill
6/30/75
5/15/68
4/3/72
6,760
1,776
6/4/74
12/5/74
9/4/74
1,802
1,256
2,003
2,597
1,576
1,802
1,256 2/
2,003
7/2/74
7/30/74
2/15/71
1,802
1,806
1,802
1,806
_
7,679
5,092
2,587 20/
-
_
8/8/75
1,000
1,000
-
-
_
8/27/74
1,803
1,803
-
-
_
9/5/75
849
1,803
_
_
9/23/75
9/24/74
9/25/75
9/5/75
9/30/75-E 8/24/73
1-1/2# Note - 10/1/75-E0
10/1/70
849
1,803
700
_
_
_
700
-
_
2,043
30
2,010
30
-
_
_
_
_
10/23/75
10/15/75
11/18/75
7.629# Bill - 10/23/75
7#
Note - 13/15/75-D
10/22/74
8/15/71
2,003
3,115
2,003
2,581
-
-
-
-
-
11/19/74
12/16/75
12/18/75
12/26/75
12/31/75
6.625# Bill 5.220# Bill 5.140# Bill 7#
Note -
2,002
2,001
2,002
2,001
5/15/75
6/3/75
6/17/75
6/30/75
7/1/75
7/29/75
8/15/75
(
8/26/75
8.256$ Bill
7/1/75
7.83655 Bill
7/29/75
5-7/8# Note - 8/15/75-C
6.28055 Bill
8/26/75
9.564# Bill
8/26/75
9/18/75
6.17555 Bill
9/23/75
9/25/75
9/30/75
10/1/75
8.34155 Bill
6.156# Bill
8-3/8# Note
8/26/75
7.362# Bill
9/18/75
- 11/18/75
12/16/75
12/18/75
12/26/75
12/31/75-H
12/17/74
12/8/75
12/8/75
_
33 21/
534 2g/
_
_
602
602
601
601
11/15/73
3/14/75
1,731
1,519
2,001
2,001
-
4/14/75
2/13/75
1,586
1,586
2,103
1,165
3,733
-
_
_
_
_
_
_
_
_
_
_
_
-
_
-
-
2,522 24/
1,232 25/
-
-
-
-
-
212 22/
3/33/76
3/31/76
2/10/76
6.378# Bill - 1/13/76
6.560# Bill - 3/33/76
5.313# Bill - 2/10/76
2/15/76
2/15/76
6-3/4# Note - 2/15/76-A
5-7/8# Note - 2/15/76-F
2/15/69
8/15/72
2,103
3,739
4,945
5.637# Bill - 3/9/76
Note - 3/31/76-H
1-1/2# Note - 4/1/76-EA
6.474# Bill - 4/6/76
3/11/75
2,102
2,102
4/9/74
4/1/71
2,288
27
2,191
27
4/8/75
2,205
2,205
5.823# Bill - 4/22/76
4.834# Bill - 4/22/76
6.400# Bill - 5/4/76
6-3/2# Note - 5/15/76-B
5-3/4# Note - 5/15/76 -E
6#
Note - 5/31/76_m
5.803# Bill - 6/1/16
12/5/75
4/8/76
2,002
2,002
_
2,503
2,435
2,697
2,802
1,580
2,404
2,503
2,435
2,336
_
3/9/76
3/31/76
4/1/76
4/6/76
4/22/76
4/22/76
5/4/76
5/15/76
5/15/76
5/31/76
6/1/76
6/29/76
6/30/76
7/27/76
8A5/76
8/15/76
8/24/76
8/31/76
9/21/76
9/30/76
10/L/76
10/19/76
10/31/76
13/15/76
11/15/76
11/30/76
12/14/76
1/13/77
8#
6.292# Bill
8-3/4# Note
6.782# Bill
7-1/2# Note
6-1/2# Note
- 6/29/76
- 6/30/76-1
- 7/27/76
- 8/15/76-C
- 8/15/76-G
7.331# Bill - 8/24/76
5-7/8# Note - 8/31/76-L
7.340# Bill - 9/21/76
8-1/4# Note - 9/30/76-J
1-1/2# Note - 10/L/76-E0
6.600# Bill - 10/19/76
6-1/2# Note - 10/31/76-0
6.010# Bill - 11/15/76
6-1/4# Note - 11/15/76-D
7-3/8# Note - II/30/76-N
6.440# Bill - 12A4/76
7-1/4# Note - 12/31/76-K
5.578# Bill - 1/11/77
5/6/75
5/15/69
2/15/72
3/25/72
6/3/76
7/1/75
5/15/74
7/29/75
10A/69
2A5/73
8/26/75
3/3/75
2,591
2,703
2,293
4,194
3,883
2,893
9/23/75
9/30/74
10/1/71
10/21/75
6/6/75
ll/l8/75
9/8/71
4/8/75
2,860
2,023
12/16/76
12/51/74
1A3/75
1,662
11
3,062
1,579
3,245
4,325
1,507
3,253
2,282
3,069
2,274
1,498
2,404
2,591
2,011
2,293
3,434
2,216
2,893
1,608
2,860
1,697
11
3,062
1,481
3,245
4,205
1,371
3,253
2,030
3,069
_
97 26/
-
-
_
_
_
_
-
-
_
361 22/
528 22/
82 22/
_
692 JO/
1,102 il/
1,667 .22/
54 22/
_
_
_
_
_
_
_
-
.
.
_
_
_
-
326 34/
-
-
98 25/
-
-
120 36/
136 27/
-
"
252 28/
-
Description of new
securities offered
(See also Table ED0-4)
Treasury Bulletin
56
PUBLIC DEBT OPERATIONS
Table PDO-7. - Disposition of Public Marketable Securities
Other than Regular Weekly Treasury Bills—
Continued
(Dollar amounts in millions)
Called or maturing securities 1/
Date of
refunding
or retire
ment
2/8/77
2/15/77
2/28/77
3/8/77
3/31/77
4/1/77
4/5/77
4/30/77
5/3/77
5/15/77
5/15/77
5/31/77
5/31/77
6/28/77
6/30/77
7/26/77
7/31/77
8/15/77
8/23/77
8/31/77
9/20/77
9/30/77
10/1/77
10/18/77
10/31/77
11/15/77
11/15/77
11/30/77
Footr,+ '
''r ^
Disposition offers
by Treasury
Issue
date
Amount
out
standing
2/8/77
2/15/77-A
2/28/77-F
3/8/77
3/31/77-G
4/1/77-EA
4/5/77
4/30/77-H
5/3/77
5/15/77-C
5/15/77-D
5/31/77
5/31/77-1
2A0/76
2/15/70
3/3/75
3/9/76
3/31/75
4/1/72
4/6/76
4/30/75
5/4/76
2/15/74
8/15/74
6/1/76
5/27/75
2,930
5,163
1,665
3,105
2,576
5
3,203
1,579
3,335
2,565
5,329
2,921
2,137
6.082* Bill - 6/28/77
6-1/2* Note - 6/30/77-J
5,739* Bill - 7/26/77
7-1/2* Note - 7/31/77-K
7-3/4* Note - 8/15/77-B
5.634* Bill - 8/23/77
8-1/4* Note - 8/31/77-L
5.561* Bill - 9/20/77
8-3/8* Note - 9/30/77-M
1-1/2* Note - 10/1/77-E0
5.126* Bill -10/18/77
7-1/2* Note -lO/31/77-N
6/29/76
6/30/75
7/27/76
7/31/75
8/29/75
9/21/76
9/30/75
10/1/72
L0/19/76
L0/31/75
2,612
2,170
2,977
1,516
4,918
2,953
2,021
2,917
3,226
2,977
1,451
3,994
2,953
lj898
2,917
3,136
7-3/4* Note -ll/15/77-E
5.201* Bill -11/15/77
6-5/8* Note -ll/30/77-Q
11/15/74
Ll/15/76
3/3/76
17
3,095
3,156
3,630
3,402
2,628
17
3,095
2,938
2,392
3,402
2,516
Description
5.572* Bill
Note
Note
6.010* Bill
6-1/2* Note
1-1/2* Note
5.781* Bill
7-3/8* Note
5.645* Bill
6-7/8* Note
9*
Note
6.309* Bill
6-3/4* Note
8*
6*
following page.
-
$ $ 8
Cash
retire
ment
2,930
2,591
1,515
3,105
2,053
5
3,203
1,469
3,335
2,038
2,333
2,921
1,947
2,612
1,906
Exchange
security
offered
Results of ex
change offers
Exchanged
Turned
in for
cash 2 /
_
2,572 ^2/
150 4Q/
-
523 41/
-
-
-
-
-
-
-
-
-
-
-
-
110 42/
527 42/
2,996 44 /
_
-
-
-
_
-
-
190 45/
_
264 46/
-
-
“
-
_
-
-
-
-
-
-
-
-
65 47/
924 42/
90 50/
-
_
_
-
218 51/
1,238 .52/
_
112 52/
_
_
“
123 42/
-
-
_
-
_
-
_
_
-
_
-
-
Description of new
securities offered
(See also Table PD0-4)
57
December 2 9 7 7
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 / Tax anticipation issue: for detail of offerings beginning August 1974,
see Table PDO-4; for amounts redeemed for taxes and for cash see
"Note" below.
4/ Exchanged by Federal Reserve banks and Government accounts for $233
million of 7-3/4* notes of Series B-1977 and $92 million of 7-1/2*
bonds of 1988-93 issued August 15, 1973.
J / Exchanged by Federal Reserve banks and Government accounts for $495
5
million of 7-3/4* notes of Series B-1977 and $233 million of 7-1/2*
bonds of 1988-93 issued August 15, 1973.
6/ 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.
7/ 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.
8/ 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.
2/ 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.
10/ 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.
11/ 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.
12/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4*
notes of Series J-1976 issued September 30, 1974.
13/ 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 B-1981 and $196 million of 8-1/2* bonds of 1994-99 issued
November 15, 1974.
14/ Exchanged by Federal Reserve banks and Government accounts for 8-1/2*
bonds of 1994-99 issued November 15, 1974.
15/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4*
notes of Series K-1976 issued December 31, 1974.
16/ Exchanged by Federal Reserve banks and Government accounts for $692
million of 7-1/8* notes of Series D-1978, $400 million of 7-3/8*
notes of Series C-1981 and $36 million of 7-7/8* bonds of 1995-2000
issued February 18, 1975.
17/ Exchanged by Federal Reserve banks and Government accounts for $4
million of 7-1/8* notes of Series D-1978 and $114 million of 7-7/8*
bonds of 1995-2000 issued February 18, 1975.
18/ Exchanged by Federal Reserve banks and Government accounts for $2,300
million of 7-5/8* notes of Series E-1978, $1,233 million of 8* notes
of Series A-1982 and $630 million of 8-1/4* bonds of 2000-05 issued
May 15, 1975.
19/ Exchanged by Federal Reserve banks and Government accounts for 8-1/4*
bonds of 2000-05 issued May 15, 1975.
20/ Exchanged by Federal Reserve banks and Government accounts for $1,372
million of 7-7/8* notes of Series F-1978, $902 million of 8-1/8* notes
of Series B-1982 and $313 million of 8-3/8* bonds of 1995-2000 issued
August 15, 1975.
21/ Exchanged by Federal Reserve banks and Government accounts for
8-3/8* notes of Series M-1977 issued September 30, 1975.
22/ Exchanged by Federal Reserve banks and Government accounts for $384
million of 7-7/8* notes of Scries C-1982 and $150 million of 8-3/8*
bonds of 1995-2000 issued November 17, 1975.
23/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4*
notes of Series P-1977 issued December 31, 1975.
24/ Exchanged by Federal Reserve banks and Government accounts for
$368 million of 7* notes ofSeries H-1979, $1,939 million of 8* notes
of Series A-1983 and $215 million of 8-1/4* bonds of 2000-05
issued February 17, 1976.
25/ Exchanged by Federal Reserve banks and Government accounts for 7*
notes of Series H-1979 issued February 17, 1976.
26/ Exchanged by Federal Reserve banks and Government accounts
for 6-3/4* notes of Series K-1978 issued March 31, 1976.
27/ Exchanged by Federal Reserve banks and Government accounts for $276
million of 7-7/8* notes of Series A-1986 issued 5/17/76 and $85 mil
lion of 7-7/8* bonds of 1995-2000.
28/ Exchanged by Federal Reserve banks and Government accounts for $300
million of 6-1/2* notes of Series L-1978 and $196 million of 7-7/8*
notes of Series A-1986, and $32 million of 7-7/8* honds of
1995-2000 issued May 17, 1976.
29/ Exchanged by Federal Reserve banks and Government accounts for 7-1/8*
notes of Series M-1978 issued June 1, 1976.
30/ Exchanged by Federal Reserve banks and Government accounts for 6-7/8*
notes of Series N-1978 issued June 30, 1976.
31/ Exchanged by Federal Reserve banks and Government accounts for $700
million of 6-7/8% notes of Series J-1979, $60 million of 8* notes of
Series B-1986, and $342 million of 8* bonds of 1996-2001 issued August 16, 1976.
32/ Exchanged by Federal Reserve banks and Government accounts for $1,417
million of 8* notes of Series B-1986 and $250 million of 8* bonds of
1996-2001 issued August 16, 1976.
33/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8*
notes of Series Q-1978 issued August 31, 1976.
34/ Exchanged by Federal Reserve banks and Government accounts for 6-I/4*
notes of Series R-1978 issued September 30, 1976.
35/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8*
notes of Series S-1978 issued November 1, 1976.
36/ Exchanged by Federal Reserve banks and Government accounts for $70
million of 6-1/4* notes of Series K-1979 and $50 million of 7*
notes of Series B-1983 issued November 15, 1976.
37/ Exchanged by Federal Reserve banks and Government accounts for 5-3/4*
notes of Series T-1978 issued November 30, 1976.
38/ Exchanged by Federal Reserve banks and Government accounts for 5-1/4*
notes of Series U-1978 issued December 31, 1976.
39/ Exchanged by Federal Reserve banks and Government accounts for $1,300
million of 6-1/2* notes of Series G-1980, $881 million of 7-1/4*
notes of Series A-1984 and $391 million of 7-5/8* bonds of 2002-2007
issued February 15, 1977.
40/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8*
notes of Series M-1979 issued February 28, 1977.
41/ Exchanged by Federal Reserve banks and Government accounts for 6*
notes of Series N-1979 issued March 31, 1977.
42/ Exchanged by Federal Reserve banks and Government accounts for 5-7/8*
notes of Series P-1979 issued May 2, 1977.
43/ Exchanged by Federal Reserve banks and Government accounts for 7-5/8*
bonds of 2002-2007 issued May 16, 1977.
44/ Exchanged by Federal Reserve banks and Government accounts for $2,623
million of 7-1/4* notes of Series A-1984 and $373 million of 7-5/8*
bonds of 2002-2007 issued May 16, 1977.
45/ Exchanged by Federal Reserve banks and Government accounts for 6-1/8*
notes of .Series Q-1979 issued May 31, 1977.
46/ Exchanged by Federal Reserve Banks and Government accounts for 6-1/8*
notes of Series R-1979 issued June 30, 1977.
47/ Exchanged by Federal Reserve banks and Government accounts for 6-1/4*
notes of Series S-1979 issued August 1,1977.
48/ Exchanged by Federal Reserve banks and Government accounts for $425
million of 6-3/4* notes of Series H-1980, $300 million of 7-1/4*
notes of Series B-1984, and $199 million of 7-5/8* bonds of 2002-07
issued August 15, 1977.
42/ Exchanged by Federal Reserve banks and Government accounts for 6-5/8*
notes of Series T-l?7? Issued August 31, 1977.
50/ Exchanged by Federal Reserve banks and Government accounts
for 6-5/8* notes of Series U-1979 issued September 30, 1977.
51/ Exchanged by Federal Reserve banks and Government accounts for 7-1/4*
notes of Series V-1979 issued October 31, 1977.
52/ Exchanged by Federal Reserve banks and Government accounts for $625
million of 7-1/8* notes of Series J-1980, $373 million of 7-5/8* notes
of Series A-1987, and $240 million of 7-7/8* bonds of 2002-07 issued
November 15, 1977.
53/ Exchanged by Federal Reserve banks and Government accounts for
7-1/8* notes of Series W-1979 issued November 30, 1977.
Note:
Information an retirement of tax anticipation issues referred to
in footnote 3, in millions of dollars:___________________________
Date of
retirement
Securities
9/20/74
4/16/75
Bill
Bill
6/17/75
Bill
Total
amount
retired
Redeemed
for
taxes
1,526
402
2,251
1,256
184
426
Redeemed
for
cash
1,124
2,067
830
Treasury Bulletin
58
PUBLIC DEBT OPERATIONS,
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to O fficial Institutions of Foreign Countries
dollar amounts in millions)
Month of
activity
Securities
Issue
date
Maturity
date
’ 3/05/75
3/17/75
( , 6/05/75
1975-June.
/ Certificates of indebtedness
6/02/75
6/05/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/19/75
6/19/75
6/27/75
7/01/75
7/01/75
7/02/75
7/07/75
7/07/75
7/08/75
7/29/75
8/06/75
8/06/75
8/06/75
8/06/75
8/06/75
8/12/75
8/12/75
8/14/75
8/14/75
8/15/75
8/20/75
8/22/75
8/22/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
8/27/75
9/03/75
9/03/75
9/03/75
9/03/75
9/03/75
9/12/75
9/12/75
9/15/75
9/18/75
9/19/75
9/27/75
9/27/75
' 6/25/71
6/05/75
6/19/75
6/19/75
6/19/75
^ 6/25/75
6/25/75
6/04/75
4/19/77
5/19/77
6/20/77
6/25/82
4/09/75
4/15/75
4/17/75
4/17/75
4/21/75
7/10/75
7/10/75
7/17/75
7/17/75
7/24/75
’ 1/09/75
1/28/75
3/06/75
4/08/75
4/10/75
4/17/75
4/24/75
4/28/75
4/28/75
4/30/75
5/02/75
5/05/75
5/05/75
5/06/75
5/07/75
7/10/75
7/17/75
7/17/75
7/17/75
7/24/75
10/09/75
1/08/76
10/16/75
10/16/75
10/23/75
7/10/75
7/29/75
9/04/75
7/08/75
7/10/75
7/17/75
7/24/75
7/28/75
7/28/75
7/30/75
8/01/75
8/05/75
8/05/75
8/06/75
8/07/75
Amount
Issued
_
Retired
87
7.40
7.25
5.45
5.45
5.65
5.65
5.65
5.40
5.40
5.40
5.40
5.55
5.60
5.60
5.60
5.60
5.60
6.05
5.75
5.35
5.35
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.20
5.25
5.25
5.25
5.25
5.25
5.10
5.10
5.10
4.80
4.80
5.70
5.70
_
10
9
13
6
9
17
2
-
20
82
10
2
9
13
6
9
17
12
7
2
11
4
11
2
8
7
17
3
3
6
6
3
7
3
4
4
5
20
16
3
17
15
3
14
8
5
2
13
4
7
8
2
2
2
4
2
6.55
6.90
6.79
6.79
6.83
7.84
_
-
200
303
300
300
600
-
Total outstanding
end of month
200
903
-
6/05/75
6/19/75
12/04/75
12/02/74
12/06/74
3/03/75
3/03/75
3/12/75
3/13/75
3/13/75
3/18/75
3/19/75
3/19/75
3/19/75
3/27/75
4/01/75
4/01/75
4/02/75
4/07/75
4/07/75
4/08/75
4/29/75
5/06/75
5/06/75
5/06/75
5/06/75
5/06/75
5/12/75
5/12/75
5/14/75
5/15/75
5/15/75
5/20/75
5/23/75
5/23/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
5/27/75
6/03/75
6/03/75
6/03/75
6/03/75
6/03/75
6/12/75
6/13/75
6/13/75
6/18/75
6/19/75
6/27/75
6/27/75
Interest
rate
(Percent)
-
6.60
5.85
6.01
6.05
6.05
5.55
5.65
5.65
5.65
5.75
5.75
5.75
5.75
5.35
5.35
_
-
81
74
182
160
102
-
-
600
_
-
80
447
182
182
126
-
-
79
80
500
8
4
7
25
16
12
26
7
51
22
23
9
21,617
59
December 1977
.PUBLIC DEBT OPERATIONS.
T able PDO - 8. - Foreign S e rie s S e c u r itie s (N onm arketable)
Issu e d to O fficia l I n s titu tio n s o f Foreign C ountries— ontinued
C
(Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Issue
date
Securities
Maturity
date
Interest
rate
(Percent)
Total outstanding
end of month
Sept.
Oct.
(Bills
< Certificates of indebtedness
Notes
In
( Certificates of indebtedness
Notes
I
200
200
447
8/14/75
11/13/75
9/04/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
9/15/75
9/15/75
9/15/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
6.01
5.75
5.35
5.20
5.20
5.20
5.20
5.20
5.10
5.10
5.10
6.45
6.45
6.35
6.35
6.35
6.35
6.35
55
40
15
70
35
20
10
8/28/75
9/30/76
10/31/76
8.30
8.25
6.50
75
75
10/23/75
10/30/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
1/08/76
4/08/76
1/15/76
1/15/76
1/22/76
1/29/76
7/17/75
7/24/75
7/29/75
10/17/75
10/24/75
Notes
6.75
6.70
8.00
7.85
7.50
5/23/74
8/28/75
8/28/75
3/5/75
3/6/75
9/4/75
Certificates of indebtedness
7/07/75
7/14/75
7/07/82
7/14/82
7/18/77
4/24/75
4/30/75
7/10/75
7/17/75
7/17/75
7/24/75
7/29/75
10/09/75
10/09/75
10/16/75
10/16/75
10/23/75
10/30/75
Aug.
7
25
40
40
3/06/75
5/05/75
5/07/75
5/14/75
5/14/75
5/14/75
5/14/75
5/14/75
6/13/75
6/13/75
6/13/75
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
Notes
5.35
5.35
5.35
5.35
5.35
5.20
5.20
5.20
5.15
5.15
5.15
5.15
5.20
5.20
5.20
5.20
5.10
5.10
4.80
4.80
6.20
6.20
6.05
6.25
6.30
6.70
7/07/71
7/14/71
7/07/75
7/14/75
7/17/75
Certificates of indebtedness
8/07/75
8/08/75
8/08/75
8/12/75
8/12/75
8/13/75
8/15/75
8/14/75
8/20/75
8/20/75
8/20/75
8/22/75
8/27/75
8/27/75
8/27/75
8/27/75
9/12/75
9/12/75
9/18/75
9/19/75
10/10/75
10/10/75
10/16/75
10/24/75
10/28/75
1/27/76
5/15/75
8/14/75
1975-July.
5/07/75
5/09/75
5/09/75
5/12/75
5/12/75
5/13/75
5/15/75
5/15/75
5/20/75
5/20/75
5/20/75
5/23/75
5/27/75
5/27/75
5/27/75
5/27/75
6/12/75
6/13/75
6/18/75
6/19/75
7/10/75
7/10/75
7/17/75
7/24/75
7/29/75
7/29/75
10/17/75
10/24/75
10/28/75
1/16/76
1/23/76
6.05
6.25
6.30
6.05
5.90
7
25
6/27/74
7/25/74
10/02/75
10/02/75
10/02/75
10/30/75
10/30/75
10/02/75
10/30/75
11/30/76
12/31/76
2/28/77
3/31/77
4/30/77
8.40
8.10
7.125
7.25
6.00
6.50
7.375
100
100
100
125
150
4
16
45
7
15
20
9
26
4
8
24
19
10
10
11
9
9
13
9
17
200
200
230
500
55
40
15
70
20
10
35
2
1
2
300
9/4/75
9/4/75
9/5/77
200
5.55
7.85
82
J
19,869
248
80
81
160
182
102
40
41
43
161
185
96
80
7
25
40
300
275
\ 19,621
Treasury Bulletin
60
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—
Continued
Month of
activity
Securities
(Payable in U.S. dollars; dollar amounts in millions)
Interest
rate
Issue
Maturity
(percent)
date
date
f
Bills
f
\
8/14/75
11/13/75
11/13/75
2/13/76
8/05/75
8/07/75
8/14/75
8/14/75
8/14/75
8/14/75
8/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
8/22/74
11/28/75
U/28/75
11/28/75
11/28/75
6/30/77
7/31/77
10/31/77
3/05/75
6/05/75
\ 12/04/75
L 12/04/75
f 10/17/75
10/24/75
11/05/75
11/07/75
11/14/75
11/14/75
11/14/75
11/14/75
11/14/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
12/16/75
12/04/75
3/04/76
6/03/76
f
1975-Nov..............
Certificates of indebtedness
f
Notes
Bills
1975-Dec.............. / Certificates of indebtedness
Notes
J
\
L
(
)
r
J
\
I
(
<
Bills
1976-Jan.............
Certificates of indebtedness
k
f
<
^
Notes
Bills
C
J
\
I
<
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
1/16/76
1/23/76
2/05/76
2/06/76
2/13/76
1/16/76
1/23/76
2/13/76
2/13/76
10/24/74
1/29/76
1/29/76
1/29/76
12/18/75
12/16/77
5/15/78
8/15/78
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/29/76
1/29/76
2/05/76
5/06/76
7/08/76
4/15/76
4/15/76
4/22/76
2/26/76
2/26/76
1/27/76
1/23/76
2/05/76
1/29/76
10/31/77
8/15/78
, 11/15/78
11/13/75
1/08/76
1/27/76
1/27/76
2/05/76
2/13/76
2/26/76
2/26/76
2/26/76
2/13/76
2/05/76
2/26/76
2/26/76
3/04/76
5/13/76
3/25/76
6/24/76
7/29/76
9/19/74
12/16/15
12/18/75
12/18/75
7/10/75
10/09/75
10/16/75
10/16/75
10/23/75
10/28/75
10/30/75
1/08/76
1/08/76
1/08/76
1/15/76
1/15/76
1/22/76
1/27/76
1/29/76
7/29/75
12/02/75
12/02/75
Amount
Issued
Retired
_
6.45
6.45
6.35
6.35
6.35
6.35
6.35
5.60
5.60
5.30
5.30
5.30
5.30
5.30
8.90
6.50
7.50
7.50
_
233
-
230
55
40
15
70
35
20
10
240
-
6.05
5.90
5.60
5.60
5.30
5.30
5.30
5.30
5.30
6.05
5.90
5.60
5.60
5.30
6.05
5.90
5.30
5.18
40
47
8
30
66
48
163
15
196
200
150
100
40
40
35
187
163
97
40
120
-
8.35
7.30
7.125
7.625
6.70
5.90
5.60
7.80
7.50
7.625
6.00
-
-
55
40
70
35
20
10
15
100
100
100
50
50
150
40
236
40
60
60
200
87
7
25
55
40
10
20
35
70
15
8
10
200
74
41
185
161
96
40
80
40
20
25
175
233
40
40
120
~
-
Total outstanding
end of month
N
>
19,684
■
>
>
19,966
>
20,002
>
61
December 1977
.PUBLIC DEBT OPERATIONS
Table PDO-8 - Foreign Series Securities (Nonmarketable)
.
Issued to Official Institutions of Foreign Countries—
Continued
______________ (Payable m U.S. dollars; dollar amounts in millions)_________
Interest
rate
Issue
Maturity
Securities
(percent)
date
date
Month of
activity
1976-Feb.
Certificates of indebtedness
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
5/05/76
5/05/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
5/13/76
9/04/75
2/26/76
3/04/76
3/04/76
3/25/76
Certificates of indebtedness
12/02/75
12/02/75
12/02/75
12/30/75
12/30/75
2/05/76
2/05/76
2/06/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
2/13/76
3/04/76
3/25/76
8/05/76
9/02/76
12/14/76
2/05/76
2/13/76
2/13/76
2/13/76
2/13/76
3/09/76
3/16/76
3/18/76
3/19/76
5/05/76
5/13/76
5/13/76
5/13/76
5/13/76
6/09/76
6/16/76
6/18/76
6/18/76
3/22/76
2/15/83
4/08/76
4/15/76
4/15/76
4/22/76
10/07/76
10/14/76
7/15/76
4.85
4.90
4.90
4.90
4.90
5.10
5.00
5.00
5.00
11
13
4
26
5.75
7.60
500
5/06/76
5/06/76
6/09/76
6/16/76
6/18/76
1/31/78
4.85
4.85
5.10
5.00
5.00
7/19/72
3/22/76
Bills
Apr.
Certificates of indebtedness
Notes
May.
Certificates of indebtedness
Bills
\ Certificates of indebtedness
Notes
Bills
July.
^Certificates of indebtedness
Total outstanding
end of month
10/09/75
1/15/76
1/15/76
1/22/76
4/08/76
4/15/76
4/15/76
2/06/76
2/06/76
3/09/76
3/16/76
3/18/76
4/01/76
2-06-76
2-13-76
5-06-76
5-13-76
2-06-76
2-13-76
2-13-76
2-13-76
2-13-76
2-13-76
3-19-76
5-06-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
5-06-76
5-13-76
11-04-76
11-12-76
5-06-76
5-13-76
5-13-76
5-13-76
5-13-76
5-13-76
6-18-76
8-06-76
8-06-76
8-13-76
8-13-76
8-13-76
8-13-76
8-13-76
12/04/76
1/08/76
2/26/76
6/03/76
5/13/76
6/25/71
6/25/76
6/28/76
2/26/76
4/15/76
7/15/76
7/29/76
5/13/76
5/13/76
6/03/76
7/08/76
6/24/76
12/02/76
8/13/76
6/25/76
11/15/82
3/31/78
7/29/76
7/15/76
10/14/76
8/26/76
8/13/76
8/13/76
7/07/71
7/07/76
7/14/76
1^23^75
7/07/76
7/14/76
8/15/76
8/15/76
5.60
5.60
5.30
5.30
5.18
4.85
4.85
4.85
4.90
4.90
4.90
4.90
4.90
4.90
42
48
163
15
196
20,090
42
15
48
54
20
163
26
196
15
80
40
40
40
40
27
26
6
9
5
20,070
500
42
163
187
97
43
192
165
6.375
20
19
11
13
4
20,013
100
40
236
40
243
4.85
4.90
4.90
4.90
4.90
4.90
5.00
4.95
4.95
5.10
5.10
5.10
5.10
5.10
9
15
54
147
15
196
26
19,916
54
147
15
196
54
47
35
60
47
20
600
5.10
6.65
7.60
6.75
19,901
600
100
60
165
167
60
25
20
200
200
5.10
5.10
6.85
6.80
7.50
7.65
7.55
200
200
) 19,758
62
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8 - Foreign Series Securities (Nonmarketable)
.
Issued to Official Institutions of Foreig n Countries—
Continued
____________ (Payable in U.S. dollars; dollar amounts in millions)
Month of
activity
Issue
date
Maturity
date
Interest
rate
(percent)
Total outstanding
end of month
40
60
Bills
8/5/76
8/26/76
9/2/76
9/30/76
Certificates of indebtedness
5/13/76
5/13/76
5/13/76
8/13/76
8/13/76
8/13/76
8/13/76
8/13/76
11/12/76
11/12/76
5.10
5.10
5.10
5.20
5.20
8/28/75
8/28/75
10/2/75
10/2/75
1976-Aug.
3/4/76
7/29/76
8/5/76
8/26/76
8/6/76
8/9/76
8/9/76
8/10/76
8.25
6.50
7.125
7.25
3/04/76
8/05/76
9/02/76
9/02/76
9/02/76
9/30/76
8/13/76
8/13/76
9/21/76
9/24/76
3A5/72
9/15/76
4/08/76
4/15/76
7/15/76
10/07/76
10/14/76
10/14/76
10/14/76
9/15/76
2A5/81
10/07/76
10/14/76
10/14/76
1/06/77
4/14/77
1/13/77
1/13/77
2.50
7.375
8/13/76
8/13/76
10/01/76
10/29/76
10/29/76
10/29/76
10/29/76
11/12/76
11/12/76
12/09/76
1/28/77
4/29/77
7/29/77
10/28/77
5.20
5.20
5.10
4.95
5.25
5.35
5.50
10/01/76
10/28/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
10/29/76
5/06/76
5/13/76
11/04/76
11/12/76
9/30/78
8/15/81
1/30/78
4/28/78
9/28/78
10/30/78
1/29/79
4/30/79
7/30/79
10/29/79
11/04/76
11/12/76
2/03/77
5/12/77
6.25
7.625
5.70
5.80
5.95
6,00
6.05
6.15
6.20
6.25
10^29^76
11/12/76
1/28/77
5.20
4.95
27
36
10/30/75
11/04/76
11/L2/76
3/25/76
6/03/76
12/02/76
12/09/76
12/14/76
12/28/76
3/31/77
11/15/81
11/15/81
12A4/76
12/02/76
6/02/77
3/10/77
4A4/77
3/31/77
6.50
7.75
7.75
125
10/01/76
10/29/76
12/01/76
5/29/75
10/30/75
12/09/76
1/28/77
3/31/77
12/28/76
4/30/77
5.10
4.95
4.30
6.65
7.375
10/07/76
1/06/77
1/06/77
6/09/77
10/29/76
12/31/76
1/28/77
3/31/77
4.95
4.30
5/29/75
1/28/77
1/28/77
5A5/82
6.65
8.00
Bills
Sept.
Certificates of indebtedness
Notes
Bills
Certificates of
indebtedness
20
60
82
15
196
62
211
75
75
100
100
40
20
60
10
25
19,215
158
160
43
192
167
43
197
169
169
15
196
200
143
144
144
144
Oct.
>
Bills
Certificates of
indebtedness
Bills
100
96
96
96
96
48
48
40
243
40
250
20,908
200
200
40
47
47
240
40
300
►
Certificates of
indebtedness
Notes
Bills
1977-Jan.
Certificates of indebtedness
Notes
20,691
400
200
60
15
300
150
43
43
47
15
300
300
20,753
63
December 197 7
PUBLIC DEBT OPERATIONS.
Table PDO-8. - Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries—
Continued
Month of
activity
Securities
(Payable in U.S. dollars; dollar amounts in millions)
Interest
Issue
Maturity
rate
date
date
(percent)
Amount
Issued
Retired
Total outstanding
end of month
C
Bills
1977-Feb..............
f
\
V
.
Certificates of indebtedness
Notes
(
J
\
V
Bills
f
\
^
Mar..............
Certificates of indebtedness
(
(
Notes
I
(
1
1
f
r
Bills
/
]
^
Apr.............. /Certificates of indebtedness
Notes
(
(
^
r
Bonds
y,
Bills
J
<
^
May............. /Certificates of indebtedness
f
Notes
i
I
(
Bills
J
<
V
Certificates of indebtedness
f
June ............ j
Notes
<
^
Bonds
Certificates of indebtedness
July............
Notes
f
1
<
I
L
/
-
11/04/76
2/03/77
2/23/77
10/29/76
5/29/75
10/02/75
2/28/77
2/03/77
5/05/77
5/26/77
4/29/77
2/28/77
2/28/77
8/15/80
12/09/76
12/28/76
2/23/77
10/29/76
3/10/77
3/31/77
5/26/77
4/29/77
7/19/72
9/15/72
5/27/75
3/10/77
3/15/77
3/22/77
3/25/77
3/31/77
3/22/77
3/15/77
3/25/77
3/31/80
3/31/80
2/15/84
11/15/79
12/31/80
10/14/76
12/14/76
2/23/77
4/14/77
4/14/77
10/29/76
4/14/77
4/14/77
5/26/77
10/13/77
10/13/77
4/29/77
5/27/75
6/19/75
4/27/77
4/27/77
4/19/77
8/15/81
4/19/77
11/12/76
2/03/77
2/23/77
5/05/77
5/12/77
5/26/77
10/29/76
2/15/82
1/09/75
5/27/75
6/19/75
5/16/77
5/19/77
5/27/77
12/02/76
1/06/77
5/26/77
6/02/77
6/09/77
10/29/76
6/26/72
6/05/75
6/19/75
11/28/75
6/03/77
6/20/77
6/27/77
6/30/77
6/30/77
6/27/77
10/29/76
7/20/77
7/21/77
7/26/77
7/28/77
7/07/72
7/14/72
1/15/73
7/17/75
11/28/75
7/07/77
7/14/77
7/15/77
7/18/77
5/12/77
5/05/77
5/26/77
8/04/77
11/10/77
8/25/77
7/29/77
5/15/77
5/27/77
5/19/77
1/31/79
2/15/82
2/15/83
6/02/77
6/09/77
8/25/77
12/01/77
9/08/77
7/29/77
6/27/77
6/04/77
6/20/77
6/30/77
3/31/81
11/15/83
5/15/81
4/30/79
11/15/79
8/15/84
7/29/77
10/20/77
10/21/77
10/26/77
10/28/77
7/07/77
7/14/77
7/15/77
7/18/77
7/31/77
11/15/83
11/15/83
2/15/84
12/31/79
_
5.25
6.90
6.00
9.00
40
30
-
_
_
300
-
-
-
-
5.25
5.90
2.50
6.90
7.50
7.50
7.10
7.00
5.875
5.25
6.90
6.79
7.625
6.375
_
5.35
6.875
7.00
6.79
5.875
6.375
8.00
_
-
5.35
5.95
6.90
6.83
6.50
6.875
7.0
6.50
5.875
6.25
6.95
5.35
5.25
5.25
5.20
5.20
5.90
5.875
2.50
7.50
7.50
6.90
6.90
7.25
7.50
-
200
100
500
260
500
202
40
300
200
40
256
10
_
100
300
300
_
_
47
43
_
-
200
300
300
50
50
300
40
_
45
300
100
240
300
5
56
500
157
260
197
40
7
42
300
303
250
40
18
45
100
300
300
I
20,575
20,617
>
>
I
f
20,469
J
\
20,423
-
47
43
10
-
56
600
200
300
100
^
20 357
_
_
_
-
-
22
4
4
4
->
42
-
-
-
200
200
150
400
-
200
200
156
447
100
-
-
\
20,197
Treasury Bulletin
64
PUBLIC DEBT OPERATIONS.
T able PDO-8. - Foreign S eries S ecu rities (Nonmarketable)
Issued to O fficial In stitu tio n s of Foreign Countries— ontinued
C
(Payable in U.S. dollars; dollar amounts in millions)
Interest
rate
(percent)
Amount
Issue
date
Maturity
date
5-05-77
3-04-77
8-04-77
2-02-78
10-29-76
7-20-77
7-21-77
7-26-77
7-28-77
( 12-19-74
) 8-01-77
\ 3-01-77
r 6-09-77
{ 9-08-77
9-08-77
3-09-78
10-29-76
10-28-77
5.50
7-19-72
[ 9-04-75
J 9-06-77
\ 9-07-77
1 9-07-77
^ 9-22-77
9-22-77
9-05-77
8-15-79
3-31-80
5-15-80
8-15-84
5.90
7.85
6.875
7.50
6.875
7.20
4-14-77
4-14-77
] 10-13-77
V 10-13-77
.
( 10-29-76
10-05-77
1 10-06-77
/ 10-14-77
j 10-17-77
10-24-77
1 10-26-77
10-13-77
10-13-77
4-13-78
4-13-78
10-28-77
1-05-78
1-06-78
1-13-78
1-17-78
1-24-78
1-26-78
_
_
5.50
6.10
6.10
6.15
6.15
6.20
6.20
40
209
_
27
9
49
17
18
17
f
Month of
activity
1-09-75
1-23-75
I 11-28-75
< 12-18-75
12-18-75
1-29-76
1-29-76
k 1-29-76
.
2-15-78
2-15-78
10-31-77
5-15-78
8-15-78
11-15-78
8-15-78
10-31-77
( 5-12-77
J 11-10-77
< 11-28-77
11-28/77
^ 11-28-77
( 11-02-77
J 11-14-77
{ 11-22-77
j 11-25-77
11-10-77
5-11-78
11-30-77
1-03-78
11-30-77
2-02-78
2-14-78
2-22-78
2-24-78
6.25
6.25
7.50
7.125
7.625
6.00
7.625
7.50
_
-
_
_
_
_
_
_
_
265
300
300
> 12-14-74
/ 10-29-76
V 11-28-77
.
11-15-77
1-30-78
1-31-78
Securities
r
f
Bills
<
Certificates of Indebtedness -
I
<
I
1
f
1977-Aug.............
Notes
>
Bills
Certificates of Indebtedness
f
Notes
r
Bills
Certificates of indebtedness
Notes
>
Bills
Nov.............. /Certificates of Indebtedness
Notes
Source: Bureau of the Public Debt.
* Less thin $500,000.
(
J
Issued
_
Total outstanding
end ot month
Retired
40
“
40
10-28-77
10-20-77
10-21-77
10-26-77
10-28-77
5.50
5.25
5.25
5.20
5.20
-
8-15-77
5-31-79
2-15-80
7.75
6.125
6.50
-
_
6.30
6.20
6.10
6.10
7.75
5.70
6.375
-
56
22
4
4
4
20,055
150
50
50
_
43
_
200
300
200
500
45
19
13
45
_
.
300
-
<
43
45
500
200
)
_
20,510
_
40
202
42
—
_
_
,
r
19,861
\
20,455
100
100
100
150
100
100
50
50
<
256
_
_
-
300
_
_
-
100
37
-
65
December 1977
.PUBLIC DEBT OPERATIONS„
Table PDO-9. - Foreign Currency Series Securities (Nonmarketable)
Issu ed to O fficia l In s titu tio n s of Foreign C ou n tries
(Dollar amounts m millions)
Amount
(Dollar equivalent)
Month of
activity
1972-July,
Securities
{
Certificates of indebtedness
Notes
Aug..
Payable
in —
Certificates of indebtedness
Sept,
Nov..
Interest
rate
(percent)
Retired
111
Swiss francs
Swiss francs
German marks
1/21/72
7/21/72
7/3/67
7/21/72
1/19/73
7/3/72
3.50
4.375
5.28
2/4/72
8/4/72
2/2/73
3.625
4.25
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
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
29
32
6/24/68
6.25
5.45
5.55
5.50
5.47
285
26
f German marks
/ Swiss francs
| Swiss francs
C Swiss francs
/ Swiss francs
\ Swiss francs
V Swiss francs
.
S/
/7
A2
114
56
1973-Jan.,
Certificates of indebtedness
Feb.,
Mar..
Notes
Notes
Certificates of indebtedness 2/
Notes 2/
Apr.
Swiss francs
Swiss francs
7/21/72
1/19/73
1/19/73
7/19/73
4.375
5.25
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
8/2/73
4.25
5.75
57
German marks
(
2/19/73
3.05
3/9/73
6/7/74
4.80
6.625
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
11/20/72
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
4/5/73
4/17/73
7/5/74
7/17/74
4.50
4.15
6.93
6.70
29
170
7/19/73
1/18/74
5.25
6.125
Oct.
Nov.
1,561
129
JSwiss francs
1,713
57
12/9/71
3/9/73
127
(
Swiss
V francs
s
German marks
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
francs
CSwiss francs
) Swiss francs
\ Swiss francs
IjSwiss francs
Certificates of indebtedness
t
Swiss francs
Swiss francs
1/19/73
7/19/73
Aug.
33
43
8/19/69
1/5/72
1/17/72
4/5/73
4/17/73
Certificates of indebtedness
114
Swiss francs
Swiss francs
Notes
July.
1,710
114
10/8/71
10/29/71
1/8/73
1/29/73
1,852
153
275
26
12/22/72
12/11/72
12/13/72
3/11/74
3/13/74
1,850
28
31
9/10/71
9/13/71
12/11/72
12/13/72
2,001
153
57
German marks
Swiss francs
Swiss francs
Swiss francs
Swiss francs
2,000
28
\ Swiss francs
V*Swiss francs
Certificates of indebtedness
1,999
76
C Swiss francs
J Swiss francs
Notes
Total outstanding
end of month
59
(
f Swiss francs
Notes
Maturity
date
Swiss francs
Swiss francs
I
\ Swiss francs
Oct..
Issue
date
Swiss
fSwiss
Swiss
ISwiss
( Swiss
JSwiss
ISwiss
(jSwiss
francs
francs
francs
francs
francs
francs
francs
francs
11/
154
111
1,578
1,743
25
148
124
1,746
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
64
38
400
38
Notes
German marks
3/3/72
10/2/73
2.051
172
1,586
Notes
/sw
' Swiss francs
\Swiss francs
9/1/72
11/30/73
11/30/73
2/28/75
5.50
6.98
32
33
586
Swiss francs
Swiss francs
7/19/73
1/18/74
1/18/74
7/18/74
6.125
8.05
127
10/6/72
1/7/74
1/7/74
4/7/75
5.70
7.07
Certificates of indebtedness
1974-rJan,
Notes
Footnbtes at end of table.
(
(
Swiss francs
Swiss francs
127
1,588
65
67
66
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9. - Foreign Currency Series Securities <Nonmarketable)
Issued to Official Institutions of Foreign Countries —
Continued
_________________________ (Dollar amounts in millions)
Month of
activity
Payable
in —
Securities
Issue
date
J
muuri.ujr
date
IX16? S j
EIr36 i
rate
(percent)
Amount
(Dollar equivalent)
f Swiss francs
J Swiss francs
\ Swiss francs
^ Swiss francs
13/06/72
13/20/72
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
f Swiss
) Swiss
\ Swiss
V Swiss
*
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
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
6.00
8.40
8.40
8.60
24
15
50
3-09-73
6-07-74
1974-Feb.
6-07-74
9-08-75
6.625
8.35
129
francs
francs
francs
francs
Apr.
Notes
5.70
5.70
Notes
1975-Jan.
JCertificates
\ Notes
Apr.
Notes
of indebtedness
francs
francs
francs
francs
francs
francs
1-18-74
7-18-74
4-05-73
4-17-73
7-05-74
7-17-74
7-18-74
1-20-75
8.05
7.90
7-05-74
7-17-74
10-06-75
10-17-75
6.93
6.70
8.55
8.40
francs
francs
francs
francs
francs
francs
francs
francs
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
Swiss francs
Swiss francs
7/18/74
3/20/75
1/20/75
4/20/76
Swiss francs
Swiss francs
July.
Swiss
Swiss
f Swiss
/ Swiss
\ Swiss
Swiss
” Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Swiss
Certificates of indebtedness
11/30/73
2/28/75
2/28/75
5/28/76
Swiss francs
Swiss francs
1/7/74
W 5
4/7/75
7/7/76
5/06/75
5/20/75
8/06/76
8/20/76
6.60
6.60
6.80
3/11/74
3/13/74
6/11/75
6/11/75
6/13/75
6/11/75
6/13/75
9/10/76
12/10/76
6/14/76
7.15
7.25
4/08/74
4/29/74
7/08/75
7/29/75
7/08/75
7/29/75
10/08/76
10/29/76
6/7/74
9/8/75
7/05/74
7/17/74
10/06/75
10/17/75
11/27/74
11/26/75
13/03/74
13/20/74
2/02/76
2/20/76
9/8/75
3/8/77
10/06/75
10/17/75
4/06/77
4/18/77
11/26/75
5/26/77
2/02/76
2/20/76
8/02/77
8/19/77
8.40
8.60
7.15
7.35
8.35
7.75
8.55
8.40
7.70
7.25
7.35
6.95
7.94
7.30
11/29/74
3/01/76
3/01/76
9/01/77
{
francs
francs
francs
francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
{
July.
Sept,
Oct.
Nov..
1976-Feb.
Mar.
Notes
_
_
318
Swiss francs
Swiss francs
Swiss francs
Swiss francs
ifrancs
ifrancs
i francs
i francs
i francs
Swiss i francs
^Swiss francs
Swiss francs
francs
Swiss francs
Swiss francs
Swiss francs
Swiss francs
8.20
7.94
7.30
7.35
7.30
32
35
1,589
311
29
1,597
23
14
49
1.599
30
_
_
_
7.07
2/06/74
2/20/74
5/06/75
8/20/75
_
33
36
6.98
Swiss
Swiss
Swiss
Swiss
May.
Total outstanding
end of month
Issued
_
129
1.599
127
127
_
-
29
170
1.599
29
170
_
_
_
64
38
400
38
64
38
)
1,599
400
38
7.90
_
6.97
127
6.10
6.88
6.40
6.21
6.39
5.79
127
33
33
1.599
1.599
67
67
-
1.599
33
36
33
36
_
_
318
30
148
170
30
_
-
1.599
38
50
38
50
_
129
29
170
1.599
129
29
170
1.599
1.599
1.599
400
1.599
64
38
64
38
1.599
7.30
-
38
6.40
1.599
38
6.08
6.35
_
400
December 197 7
67
.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
1976-Apr......
May......
Securities
Notes
Notes
June.......
Notes
July.....
Notes
Aug......
Notes
Payable
in —
J Swiss francs
\ Swiss francs
f Swiss
\ Swiss
f Swiss
\ Swiss
f Swiss
\ Swiss
francs
francs
francs
francs
francs
francs
f Swiss francs
) Swiss francs
\ Swiss francs
L Swiss francs
Sept.....
Oct......
Notes
Notes
f Swiss
\ Swiss
[ Swiss
J Swiss
francs
fxsancs
francs
francs
1 Swiss francs
^Swiss francs
Nov......
Dec......
Notes
Notes
1977-Jan.......
Notes
Feb.......
Notes
Mar.......
Notes
Apr..... .. Notes
Swiss
J Swiss
/ Swiss
| Swiss
francs
francs
francs
francs
Swiss francs
Amount
(Dollar equivalent)
Issue
date
Maturity
date
Interest
rate
(percent)
1/20/75
4/20/76
2/28/75
5/28/76
4/20/76
10/20/77
5/28/76
11/28/77
6.97
6.10
6.10
7.05
6/13/75
6/14/76
6/14/76
12/14/77
4/07/75
7/07/76
5/6/75
5/20/75
8/6/76
8/20/76
7/07/76
1/06/78
8/6/76
8/20/76
2/6/78
2/20/78
5.79
6.75
6.88
6.70
30
67
6.80
6.40
6.50
6.35
33
36
6/11/75
9/10/76
9/10/76
3/10/78
7/58/7-5
10/8/76
10/8/76
4/07/78
7.15
5.95
7/29/75
10/29/76
6/11/75
6/11/75
9/08/75
12/10/76
10/29/76
4/28/78
7.35
5.80
12/10/76
12/10/76
3/08/77
6/09/78
6.39
7.75
5.25
6.39
Issued
Retired
Total outstanding
end of month
127
)
33
j
127
33
J
30
67
-
1,599
1,599
148
33
36
1,599
^
1,599
}
1,599
^
-
j
1,599
-
148
~
38
38
50
50
_
20
-
150
20
1,579
^
1,546
137
9/08/75
3/08/77
7.75
26
9/08/75
3/08/77
7.75
26
9/08/75
3/08/77
3/08/77
4/06/77
9/08/78
francs
francs
francs
francs
10/06/75
10/17/75
11/26/75
4/18/77
4/06/77
4/18/77
5/26/77
10/18/78
7.75
7.70
5.90
7.70
7.25
6.95
5.60
160
(Swiss francs
SSwiss francs
5/26/77
11/27/78
8/02/77
6.95
6.10
6.08
360
-
Swiss
jowiss
/uWios
n4
vG r qq
(Swiss
francs
francs
<r on >
P » ,/ o
iXoilCo
francs
(Swiss
)
Swiss
\Swiss
I
Swiss
in/ha /7
jlu/ /*a
uo
-
>
1,461
3
170
14
I
1,434
386
-
J
1,408
50
-
_
June......
Notes
Swiss francs
11/26/75
5/26/77
2/02/76
July......
Notes
Swiss francs
2/02/76
8/02/77
6.08
-
Notes
francs
francs
francs
francs
2/02/76
2/20/76
3/01/76
8/19/77
8/02/77
8/19/77
9/09/77
2/20/79
6.08
6.35
6.40
6.60
-
Aug........
(Swiss francs
/Swiss francs
(Swiss francs
3/01/76
4/20/76
9/01/77
9/01/77
10/20/77
3/01/79
6.40
-
6.10
6.40
25
4/20/76
5/28/76
10/20/77
5/28/76
6/14/76
10/20/77
11/28/77
4/20/79
11/28/77
12/14/77
6.10
7.05
7.15
7.05
6.75
1,494
56
26
May......... Notes
Sept.......
oat.......
Nov......
Notes
Notes
Notes
(Swiss
/Swiss
\Swiss
[Swiss
JSwiss francs
(Swiss francs
(Swiss francs
/Swiss francs
USwiss 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
1,375
1,348
33
27
4
38
13
/
1,315
25
26
I
1,289
101
8
\
1,262
j
1,210
22
82
_
i
revalued in 1970.
2/ Dollar value of securities increased to reflect market exchange rates
as of February 12, 1973.
68
Treasury Bulletin
UNITED STATES SAVINGS BONDS,
Series E and Series H
rently sold.
Series E has
are the only savings bonds cur
April 30, 1957.
been on sale since May 1, 194-1,
interest yields,
and Series H has been on sale since June 1, 1952.
A - D were sold from March 1, 1935
Series
F and G were sold
30, 1952.
through April 30,
from May 1, 1941
Series
maturities, and other terms appear in the
Treasury Bulletins of April 1951, May 1952, May 1957, October
and December 1959,
194-1.
May and
October 1961,
June 1968,
through
the Treasury for fiscal years 1966 throughJ.976.
Table SB-1. - Sales and Redemptions by Series, Cumulative through November 30, 1977
(In millions of dollars)
Sales 1/
1,054
52,228
1,125
198
233,474
Series A-D 2/..
Series E and H
.
Series F and G
.
Series J and K.
Total A-K....
Amount outstanding
Sales plus
accrued
discount
Accrued
discount
3,949
197,574
28,396
3,556
Series
54,605
Redemptions 1/
Interestbearing debt
5,000
173,578
29,506
3,750
Matured
non-interestbearing debt
76,224
211,835
5,003
249,802
29,521
3,754
288,080
76,224
14
3
21
Footnotes at end of Table SB-4.
Table SB-2. - Sales and Redemptions by Periods, All Series Combined
(In millions of dollars)
Redemptions 1/
Period
Fiscal vears:
1935-68...........
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
T.Q..............
1977.............
Calendar years:
1935-66...........
1967.............
1968.............
1969.............
1970.............
1971.............
1972.............
1973.............
1974.............
1975.............
1976.............
Months:
1976-Nov..........
Dec..........
1977-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Sept.........
Oct..........
Sales plus
accrued
discount
Total
Amount outstanding
Sales 1/
Accrued
discount
175,417
4,550
4,449
5,082
5,940
6,514
6,429
6,826
7,293
1,833
7,895
29,158
1,789
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
204,575
6,338
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
152,781
6,339
6,748
5,425
5,338
5,586
6,681
6,519
6,543
1,717
7,064
137,011
5,237
5,508
4,342
4,306
4,494
5,366
5,173
5,133
1,346
5,495
15,769
1,102
168,061
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
26,599
1,686
1,759
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
194,660
6,584
6,455
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
143,745
5,793
6,133
6,639
6,295
5,244
5,365
6,211
6,829
6,292
6,771
129,471
4,842
5,094
5,457
5,072
4,224
4,322
4,945
5,476
4,959
5,288
14,274
951
600
633
677
668
711
683
709
665
296
315
345
306
307
328
305
328
505
605
643
698
621
612
636
354
319
318
339
320
896
948
1,022
973
1,018
1,011
1,014
993
969
987
939
952
956
393
475
504
447
477
455
434
479
332
548
454
429
425
Footnotes at end of Table SB-4.
641
568
615
591
563
619
437
721
588
547
547
and
September 1970; and the Annual Report of the Secretary of
through April
Series J and K were sold from May 1, 1952
Details of the principal changes in issues,
Sales
price 2 /
Accrued
discount 2 /
Interestbearing debt
Matured
non-interestbearing debt
51,712
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
82
82
55
46
39
34
29
27
23
22
21
1,182
1,223
1,021
1,043
1,266
1,354
1,332
1,483
50,752
51,581
51,917
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
164
126
112
64
50
42
37
31
26
25
17
111
130
71,506
71,853
137
121
138
136
129
141
105
173
133
118
123
72,234
72,640
73,037
73,457
73,908
74,282
21
17
17
17
22
22
22
22
74,803
75,059
75,411
75,816
76,224
22
22
21
21
21
1,240
1,083
1,032
1,092
1,314
1,346
1,409
371
1,567
1,040
December 197 7
69
.UNITED STATES SAVINGS BONDS.
Table SB-3. - Sales and Redemptions by Periods, Series E through K
(In millions of dollars)
Period
Sales 1/
Accrued
discount
Amount outstanding
Redemptions 1/
Sales plus
accrued
discount
Sales
price 2 /
Accrued
discount 2 /
Interest-bearing
debt
Matured
non-interestbearing debt
Series E and H Combined
Hscalyears:
1941-6^...
196 9
197 0
197 1
197 2
197 3
.
197 4
.
197 5
.
197 6
.
T.Q........
197 7
.
Calendar years
1941-66... .
1967...... .
1968...... .
1969...... .
1970...... .
197 1
.
197 2
.
197 3
.
197 4
.
197 5
.
197 6
.
Months:
1976-No v
Dec...
1977-Ja.... n
Feb...
Mar...
Apr...
May...
June.. .
.
July.. .
.
Aug...
Sept.. ,
.
Oct...
Nov.
2,564
2,749
3,252
3,496
902
3,827
166,298
6,337
6,291
7,138
8,249
9,078
9,178
10,078
10,790
2,735
11,722
114,727
6,198
6,721
5,416
5,331
5,581
6,675
6,517
6,539
1,715
7,063
101,195
5,112
5,484
4,334
4,294
4,490
5,361
5,172
5,130
1,345
5,495
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,345
1,409
371
1,567
51,572
51,711
51,281
53,003
55,921
59,418
61,921
65,482
69,733
70,752
75,411
132,161
4,898
4,696
4,393
4,665
5,477
6,236
6,270
6,862
7,038
7,555
24,230
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
156,391
6,578
6,452
6,224
6,574
7,669
8,662
8,943
9,856
10,406
11,152
106,179
5,439
5,915
6,565
6,281
5,237
5,359
6,206
6,824
6,290
6,762
94,120
4,519
4,898
5,391
5,060
4,217
4,311
4,972
5,471
4,959
5,281
12,059
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
50,212
51,352
51,890
51,549
51,842
54,275
57,579
60,317
63,349
67,464
71,853
600
633
677
668
711
683
709
665
296
315
504
601
393
472
643
698
621
612
636
354
319
318
339
320
641
568
621
591
563
619
476
760
587
547
547
504
446
481
455
434
479
371
587
454
429
425
111
129
137
121
71,506
71,853
345
306
307
328
305
328
896
948
1,022
973
1,018
1,011
1,014
993
997
1,016
939
952
956
136
129
141
105
173
133
118
123
139,517
4,550
4,449
5,082
5,939
6,514
6,429
6,826
7,293
1,833
7,895
26,782
1,788
1,841
2,056
2,310
140
72,234
72,640
73,037
73,457
73,908
74,282
74,803
75,059
75,4H
75,816
76,224
.
_
_
_
_
_
..
_
_
„
_
_
_
_
_
_
-
_
_
_
_
-
-
.
Series F, G, J, and K combined i j
Fiscal years:
1941-68................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
T.Q...................
1977..................
Calendar years:
1941-66................
1967..................
1968..................
1969..................
1970..................
1971..................
1972..................
1973..................
1974..................
1975..................
1976..................
Months:
1976-Nov...............
Dec...............
1977-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
July..............
Aug...............
Oct...............
Nov...............
33,059
140
27
8
6
5
5
1
4
1
1
31,763
124
24
7
5
4
4
1
3
1
1
1,296
16
3
1
1
1
1
*
*
*
*
140
_
_
_
_
_
_
_
-
75
76
49
41
34
30
25
24
20
19
18
-
-
-
_
-
33,273
1
_
-
31,951
-
1,315
6
2
*
_
_
_
_
_
-
33,266
6
2
*
_
_
_
-
32,572
353
218
74
13
7
5
5
5
1
8
31,322
321
194
65
11
6
5
4
4
*
6
1,250
32
23
9
2
1
1
1
1
*
2
540
229
27
_
_
_
_
_
_
_
-
155
118
105
58
44
37
32
27
22
21
13
-
*
4
*
*
-6
-
*
3
*
*
-4
*
1
*
*
-1
_
_
_
-
-
-
-
18
13
13
13
18
18
18
18
31,951
-
-
_
_
-
1,322
1
-
-
_
-
-
-
.
_
-
_
_
-
_
-
_
_
-
-
-
-
_
_
_
'
_
1
1
-
.
_
_
_
_
'
Footnotes at end of Table SB-4.
_
_
“
18
18
18
18
18
70
Treasury Bulletin
____________________UNITED STATES SAVINGS BONDS___________________
Table SB-3. - Sales and Redemptions by Periods, Series E through K—
Continued
(in millions of dollars)
1
Redemptions 1/
Period
Sales 1/
Accrued
discount
Sales plus
accrued
discount
Total
Sales
price 2 /
Accrued
discount 2 /
Exchange of
E bonds for
H bonds
Amount
outstanding
(interestbearing debt)
Series E
Fiscal years:
1941-68..............
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
Qal^dar, years:
1941-66..............
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
Months:
1976-Nov...............
Dec...............
129,173
4,343
4,289
4,870
5,650
6,190
6,145
6,503
6,975
1,761
7,576
26,782
1,788
1,841
2,056
2,310
2,564
2,749
3,252
3,496
902
3,827
155,954
6,131
6,130
6,928
7,960
8,755
8,894
9,755
10,471
2,663
11,403
110,331
5,548
5,959
4,959
4,972
5,209
6,156
6,063
6,114
1,611
6,638
96,800
4,462
4,722
3,877
3,932
4,118
4,842
4,717
4,705
1,241
5,070
13,531
1,086
1,237
1,082
1,037
1,091
1,314
1,346
1,409
371
1,567
1,818
I84
210
231
292
338
310
326
80
313
43,805
44,205
44,167
45,902
48,598
51,806
54,234
57,617
61,648
62,621
67,073
122,276
4,574
4,452
4,221
4,503
5,218
5,922
5,988
6,524
6;729
7,245
24,230
1,680
1,757
1,832
1,909
2,192
2,426
2,673
2,994
3,368
3,597
146,506
6,255
6,209
6,052
6,412
7,411
8,34S
8,661
9,518
10,097
10,841
102,599
4,941
5,300
5,835
5,626
4,871
5,007
5,740
6,318
5,886
6,336
9Q,540
4,022
4,283
4,661
4,405
3,851
3,958
4,507
4,965
4,555
4,855
12,059
919
1,017
1,173
1,221
1,020
1,049
1,234
1,353
1,331
1,481
1,510
207
191
180
228
249
329
319
310
326
327
42,398
43,504
44,222
44,259
44,818
47,108
50,120
52,723
55,613
59,498
63,676
576
611
296
315
471
566
360
437
63,343
63,676
641
642
679
656
678
642
345
306
307
328
305
328
604
534
582
556
529
586
466
31
26
28
Juty..............
615
668
602
598
611
354
319
318
339
320
969
987
920
937
932
437
721
553
513
510
111
129
137
121
140
136
129
141
105
173
133
118
123
26
27
1977-Jan...............
Feb...............
Mar...............
Apr...............
May...............
June..............
872
926
986
94S
986
984
984
970
24
24
25
28
23
25
24
64,027
64,414
64,790
65,194
65,624
65,984
66,490
66,729
67,073
67,472
67,869
7,766
7,506
7,114
7,101
7,323
7,612
7,686
7,865
8,084
8,131
8,338
Sept..............
0ct%..............
Nov...............
412
442
419
399
446
332
548
420
395
388
310
24
Series H
Fiscal years;
1952-68..............
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
T.Q..................
1977.................
10,343
207
160
212
289
322
284
324
318
72
319
Calendar years:
1952-66..............
1967.................
1968.................
1969.................
1970.................
1971.................
1972.................
1973.................
1974.................
1975.................
1976.................
Months:
9,885
324
244
172
162
259
314
282
338
309
310
1977-Jan.............
Feb.............
May.............
Sept............
Oct............. .
Footnotes at end of Table SB-4.
24
22
36
26
32
27
31
23
28
29
18
15
24
-
10,343
207
160
212
289
322
284
324
318
72
319
4,396
650
762
457
359
372
519
455
425
104
425
4,396
650
762
457
359
372
519
455
425
104
425
-
.
-
1,818
I84
210
231
292
338
310
310
326
80
313
9,885
324
244
172
162
259
314
282
338
309
-
310
3,580
497
615
730
655
366
353
465
506
404
427
3,580
497
615
730
655
366
353
465
506
404
427
_
_
_
_
_
_
1,510
207
191
180
228
249
329
319
310
326
327
7,815
7,848
7,668
7,290
7,025
7,167
7,458
7,594
7,736
7,966
8,177
_
_
_
_
_
-
24
22
36
26
32
27
31
23
28
29
18
15
24
33
34
38
34
39
35
35
33
39
39
34
34
37
33
34
38
34
39
35
35
33
39
39
34
34
37
-
26
27
31
26
28
24
24
24
25
28
23
25
24
8/163
8,177
8,207
8,225
8,247
8,263
8,284
8,298
-
-
-
_
_
_
-
-
-
-
8,312
8,330
8,338
8,355
December 1977
71
______________ UNITED STATES SAVINGS BONDS______________
Table SB-4. - Redemptions of Matured and Unmatured Savings Bonds
(In millions of dollars)
Matured
Fiscal years:
1951-62.................
1963....................
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
T.Q.....................
1977....................
Calendar years:
1951-60.................
1961....................
1962....................
1963....................
1964....................
1965....................
1966....................
1967....................
1968....................
1969....................
1970....................
1971....................
1972....................
1973....................
1974....................
1975....................
1976....................
Months?
1976-Nov.................
Dec.................
1977-Jan.................
Feb.................
Mar.................
Apr........... .....
May................
June................
Sept................
Oct.................
Nov............... .
Unmatured
Total
Period
Series E
and H
Total
Series E
and H
77,184
5,273
5,164
5,346
5,724
5,922
5,982
6,339
6,748
5,425
5,338
5,586
6,681
6,517
6,543
1,689
7,064
35,180
2,250
2,057
2,184
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
797
3,578
18,678
1,593
1,754
1,938
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
794
-577
3.6,502
657 2/
304
246
280
42,004
2,951
3,088
3,284
3,300
3,351
3,401
3,566
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
33,189
2,812
2,948
3,165
3,196
3,273
3,376
3,560
3,842
3,660
3,317
3,393
3,847
3,776
3,772
891
3,487
8,815
139
71,804
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
6,833
6,291
6,771
31,005
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
2,627
2,481
3,275
16,139
1,633
1,656
3t>^7
1,889
1,932
2,080
2,041
2,443
2,601
2,827
2,014
2,047
2,505
2,622
2,481
3,275
14,896 6/2/
922 2/8/
730 8/2/
426 2/
282
216
391
345
209
84
15
8
6
3
5
*
8
40,799
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
3,789
3,955
3,487
31,217
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
3,789
3,955
3,487
504
605
269
622
269
618
235
-17
235
-17
641
568
615
591
563
620
476
760
587
547
547
301
353
298
298
233
348
173
294
253
144
n.a.
301
353
304
298
233
348
340
215
317
293
331
272
303
466
334
403
n.a.
340
215
317
293
331
272
Total
Other
412
260
143
29
9
7
5
5
-1
4
3
1
*
4
*
*
-6
*
*
1
-
173
294
253
144
n.a.
Source: Monthly Statement of the Public Debt of the U.S.; Office of M m >
.
ket Analysis, United States Savings Bonds Division.
Note: In these tables sales of Series A-F and J bonds are included at is
sue price, and redemptions and amounts outstanding at current redemp
tion 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 (1)
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 bands beginning
January 1960; 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 of 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 distri
bution of redemption between sales price and accrued discount has been
estimated. Beginning with the Treasury Bulletin of March 1961 the
5/
£/
3/
8/
2/
10/
*
n.a.
303
466
334
403
n.a.
Other
140
118
104
79
25
6
-
_
Unclassified
10/
73
19
-121
172
99
33
213
115
-725
-23
67
104
198
-
-
'
-
-
-
9,740
201
175
125
131
111
107
44
13
2
-
-158
-60
213
-52
-76
6
144
-7
26
228
-431
-83
-24
123
417
-145
-
_
-
_
_
_
_
_
_
_
_
.
_
_
_
_
_
_
_
method of distributing redemptions between sales price and accrued
discount has been changed to reflect the distribution shewn in final
reports of classified redemption. All periods shewn 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-*l/4#
marketable bonds of 1978-83.
Includes exchanges of Series 194g 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 I960 F and G bonds for 3-7/8# marketable
bonds for 1968.
Includes exchanges of Series 1951 and 1952 F and G bcteds 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.
Not available.
72
Treasury Bulletin
.UNITED STATES SAVINGS NOTES.
United States savings notes were on sale May 1, 1967
through June 30, 1970.
demption and information on investment yields of savings
The notes were eligible for purchase
notes appear in
the Treasury Bulletins of March 1967 and
by individuals with the simultaneous purchase of Series E
June 1968; and in the Annual Report of the Secretary of the
savings bonds.
Treasury for fiscal year 1974.
The principal terms and conditions for purchase and re
Table SN-1. - Sales and Redemptions by Periods
(In millions of dollars)
Redemptions 2/
Period
Fiscal years:
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
T.Q...............
1977..............
.Calendar yearg:
1967..............
1968..............
1969..............
1970..............
1971..............
1972..............
1973..............
1974..............
1975..............
1976..............
Months:
1976-Nov ..........
Dec..........
1977-Jan..........
Feb..........
Mar..........
Apr..........
May..........
June.........
July.........
Aug..........
Sept.........
Oct..........
Nov..........
Sales 1/
Accrued
discount
_
Sales plus
accrued
discount
Total
Sales
price
Accrued
discount
1
201
338
347
44
28
29
35
33
22
6
23
*
*
35
111
167
85
69
77
75
45
11
36
*
*
34
105
157
77
58
62
58
32
8
24
*
1
6
10
8
11
14
17
13
3
12
203
505
742
619
561
519
477
435
413
407
394
_
Amount
outstanding
1
201
326
323
11
*
*
*
2
-2
*
-
*
12
25
33
28
29
35
31
24
6
23
80
277
348
160
-3
*
*
*
*
*
5
18
31
31
28
29
39
25
24
80
281
366
191
27
28
29
39
25
24
*
7
76
154
124
71
74
82
53
42
*
7
72
145
116
62
60
66
40
29
*
3
8
9
9
13
16
14
13
80
354
644
682
584
540
496
453
424
406
-
2
2
2
2
1
5
1
3
*
2
409
406
_
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
4
3
3
4
4
2
3
4
2
3
1
3
2
2
2
3
1
2
3
1
2
1
1
1
1
1
1
1
1
1
1
1
406
404
-
-
-
Source: Monthly Statement of the Public Debt of the United States; Office
of Market Analysis, United States Savings Bonds Division.
1/ Sales were discontinued after June 30, 1970. Figures shown thereafter
represent adjustments.
402
401
400
397
397
396
394
394
393
2/ Includes U.S. savings notes exchanged for Series H bonds beginning
January 1972.
* Less than $500,000.
r Revised.
73
December 1977
.OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-1. - Distribution of Federal Securities by Classes of Investors and Types of Issues
Total
Federal
securities
outstanding
End of
fiscal year
or month
(In millions of dollars)___________________________________________
Interest-bearing public debt securities
Held by U.S. Government accounts
Total
outstanding
Nonmarketable
Total
367,144
382,603
409,467
437,329
468,426
486,247
544,131
631,385
646,379
709,138
611,451
1976-Mar...........................
1977-Jan...........................
Feb...........................
84,815
95,170
102,888
111,460
123,385
138,206
145,283
149,611
146,105
155,490
649,276
656,282
664,794
664,853
674,280
680,141
681,905
682,965
685,249
684,592
695,485
709,138
707,693
1974...............................
351,729
369,026
396,289
425,360
456,353
473,238
532,122
619,254
633,560
697,629
599,224
635,062
643,643
652,457
652,980
662,320
668,216
668,509
670,958
673,389
671,386
684,081
697,629
696,301
Marketable
Government
account series
139,067
16,007
16,974
18,092
19,868
20,080
21,229
20,475
18,353
16,640
14,619
19,111
66,738
76,124
82,740
89,536
101,248
114,921
122,752
129,202
127,409
138,816
117,901
2,071
2,071
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
144,617
144,891
147,098
16,642
16,429
16,485
144,107
144,437
144,949
145,503
149,435
151,204
16,363
15,788
15,787
15,528
15,434
15,424
15,425
14,709
14,619
14,548
125,919
126,406
128,558
125,688
126,593
127,106
127,919
131,945
133,724
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
2,056
131,263
135,095
138,816
135,590
2,056
2,056
2,056
2,056
148,744
151,860
155,490
152,194
Interest-bearing public debt securities - Con.
Held by private investors
End of
fiscal year
or month
Total
outstanding
Marketable
Nonmarketable
1969............
1970............
1971............
1972............
1973.............
1974............
1975.............
1976............
T.Q.............
1977.............
212,819
216,142
227,883
242,545
257,947
254,548
302,090
375,197
391,028
437,423
156,006
157,911
161,863
165,978
167,869
164,862
210,382
279,782
294,595
326,674
56,814
58,231
66,020
76,566
90,078
89,686
91,708
95,415
96,433
110,750
1,211
14,249
12,510
12,163
10,894
11,109
12,012
10,943
10,953
11,678
10,298
1976-Mar.........
370,405
276,434
93,971
1,267
10,961
394,704
407,091
408,389
296,211
307,309
307,820
98,493
99,782
100,569
11,673
11,643
11,250
414,739
422,046
427,280
423,169
424,129
419,946
313,498
319,982
323,605
318,699
318,619
313,485
316,177
325,001
326,674
338,290
101,241
102,064
103,675
104,469
105,510
106,461
107,818
108,784
110,750
111,220
2,542
997
1,087
928
1,028
992
2,514
1,151
1,036
2,478
1,093
1,211
1,102
May........
423,995
433,785
437,423
449,510
A c ..........
nr
......
~i
54,095
57,714
65,518
71,356
75,022
80,485
84,749
94,446
96,427
104,7151/
89,753
95,741
91,660
96,970
94,134
95,837
95,987
99,837
97,394
102,239
98,646
98,436
104,715 1/
94,597
Agency securities
Matured
public
debt
and debt
bearing no
interest 2/
Total
1977-Jan........
Feb........
Mar........
Other
Public
issues
held by
Federal
Reserve
banks
1,166
1,068
1,016
1,076
963
997
1,067
1,179
1,142
2/
10,945
10,932
10,934
10,883
10,856
10,824
10,728
10,312
10,298
10,290
Held by
U.S. Government
accounts and
Federal Reserve
banks
Held by
private
investors
2,846
2,553
2,251
2,170
2,156
2,152
2,186
2,223
2,222
2,094
2,224
11,403
9,956
9,911
8,724
8,953
9,860
8,757
8,730
9,456
8,204
2,214
2,209
2,184
2,048
2,052
2,053
2,054
2,056
2,264
9,459
9,433
9,067
2,203
2,095
2,094
2,092
8,525
8,216
8,204
8,198
8,737
8,897
8,880
8,881
8,829
8,800
8,560
"- ;
%-
Note:
The Export-Import Bank was moved within the Budget effective
October 1, 1976 pursuant to Public Law 93-646. Adjustments are made
to include totals for the period it was outside the Budget (August
17, 1971 through September 30, 1976). Also, adjustments are made
to reflect certain Export-Import Bank borrowing transactions now
classified as agency debt. These transactions were previously reported
as off-budget negative outlays.
1/ Includes a nonmarketable Federal Reserve special certificate for $2,500.
2/ Adjusted to exclude non-interest-bearing notes issued to the International Monetary Fund to reflect the unified budget concept.
2 / For detail, see Table FD-6.
74
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OFS-2. - Estimated Ownership of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonbank investors
End of
month
1939-Dec..
,
1946-Feb..
,
Dec..,
1950-June.,
1951-June!]
Dec..,
1952-June.,
Dec..
,
1953-June.,
Dec..
,
1954-June.,
Dec..,
1955-June.,
Dec..,
1956-June.,
Dec..
.
1957-June.,
Dec...
1958-June.,
Dec..
,
1959-June.,
Dec..,
1960-June.,
Dec..
,
1961-June.,
Dec..
,
1962-June.,
Dec..,
1963-June.,
Dec..
,
1964-June.,
Dec..
,
1965-June.,
Dec..
,
1966-June.,
Dec...
1967-June.,
Dec..
,
1968-June.,
Dec..
,
1969-June.,
Dec..
,
1970-June.,
Dec..,
Commer
Total
cial
privatelybanks
held
2/
33.4
231.6
208.1
203.3
198.6
193.0
195.0
193.5
198.5
195.4
202.5
198.5
205.6
201.4
205.4
196.8
199.4
193.5
197.2
197.2
203.7
204.4
210.6
204.5
207.5
205.4
212.3
211.5
216.2
215.0
217.2
214.7
218.9
213.6
216.8
209.6
215.5
204.4
219.5
217.0
226.7
214.0
221.2
217.2
229.1
1971-June.,
Dec..,
1972-June.,
Dec..
,
1973-June.,
Dec..
,
1974-June.,
Dec..
,
1975-June.,
Dec..
,
1976-Jan..
,
Feb..
,
Mar..,
Apr..
,
May..,
June.,
228.9
247.1
243.6
261.7
258.9
260.9
255.6
271.0
303.2
349.4
355.3
365.0
371.7
371.0
376.4
376.4
July.,
Aug...
Sept.,
Oct..
,
Nov..
,
Dec..,
1977-Jan..
,
Feb..
,
Mar...
Apr..
,
May..,
June.,
July...,
Aug.
Sept.. ,
,
Oct. p.
386.2
391.3
392.2
397.3
408.1
409.5
415.7
423.1
428.3
425.7
425.3
421.0
426.5
434.9
438.6
450.6
Individuals 2 /
Total
Total
12.7
93.8
74.5
65.6
61.8
58.4
61.5
61.1
63.4
58.5
63.7
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
20.7
137.9
133.6
137.7
136.7
134.7
133.5
132.4
135.1
136.6
138.9
134.9
136.5
137.9
143.4
139.5
140.9
137.4
137.7
131.9
136.2
54.8
57.4
55.5
63.8
59.7
66.0
55.3
56.8
52.6
62.7
61.0
65.3
60.9
67.7
58.5
60.3
53.2
55.6
69.0
85.1
88.8
87.5
90.3
90.0
91.5
92.5
154.9
158.1
148.9
155.8
157.2
160.7
158.7
164.5
164.7
166.4
167.9
181.8
182.8
194.0
200.1
200.6
202.4
215.4
234.1
264.2
266.6
277.5
281.3
280.1
284.9
283.8
94.5
93.5
95.3
96.8
100.7
103.8
291.7
297.8
296.9
300.4
307.4
305.7
102.4
104.7
106.3
103.5
102.2
102.4
100.1
100.0
101.0
100.5
313.3
318.4
322.0
322.2
323.1
318.6
326.4
334.9
337.6
350.1
142.8
150.4
149.2
145.5
142.9
145.2
146.4
149.0
150.7
153.0
154.6
155.0
155.4
156.1
9.4
63.9
64.1
67.4
66.3
65.4
64.6
64.8
65.2
66.1
64.8
64.8
63.5
65.2
65.0
66.6
65.9
66.3
64.9
64.4
63.7
66.3
69.4
69.7
66.1
Savings bonds
Series Other
E and H series 7/
30.8
30.3
34.5
34.5
34.5
34.7
34.9
35.3
36.0
36.7
75.4
73.2
73.2
73.9
75.9
77.3
80.7
84.8
87.1
91.4
91.7
93.9
94.5
94.7
95.9
96.4
37.5
38.2
39.3
40.1
40.9
41.4
41.5
41.6
42.1
42.5
42.6
42.4
42.5
42.9
43.6
44.2
44.6
45.1
46.0
46.7
47.3
47.9
48.3
48.8
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
58.9
59.8
61.4
62.9
65.0
66.9
67.3
67.6
68.0
68.4
68.8
69.2
97.1
99.7
99.7
100.0
100.7
100.8
101.0
101.5
101.9
102.2
102.7
103.0
103.4
103.7
103.9
104.4
1.9
12.5
13.9
15.4
15.1
14.6
14.4
14.1
13.8
13.2
12.7
12.1
11.7
10.9
10.2
9.4
8.7
7.6
6.6
5.9
5.2
4.5
3.5
69.9
70.5
70.5
70.9
71.2
71.6
72.0
72.4
72.8
73.2
73.7
74.0
74.5
74.8
75.2
75.6
64.6
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
Source.
Office of Government Financing 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 possessions.
Figures exclude securities held in trust departments.
2 / Includes partnerships and personal trust accounts.
i j Exclusive of banks and insurance companies.
5/ Consists of the investments of foreign balances and international
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
.5
.5
.5
.5
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
.4
Other
secu
rities
7.5
20.6
20.0
17.6
16.7
16.3
15.5
15.7
16.0
16.8
15.4
15.2
13.6
15.0
14.8
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
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
16.4
16.9
18.8
21.5
21.6
24.0
24.0
25.8
26.0
25.8
26.6
26.8
26.8
28.8
28.8
28.8
29.0
28.8
28.6
28.7
28.7
28.6
28.6
28.6
28.4
28.5
28.3
28.4
Mutual
Insurance sav
companies ings
banks
Corpora
tions
State
and
local
govern
ments
Foreign
and inters
national
5/
5.7
24.4
24.9
19.8
18.7
17.1
16.4
15.7
16.0
16.0
15.9
2.7
11.1
11.8
11.6
10.9
10.2
9.8
9.6
9.5
9.5
9.2
2.0
19.9
15.3
18.4
19.7
20.1
20.7
18.8
19.9
18.6
21.5
.4
6.7
6.3
8.7
8.8
9.4
9.6
10.4
11.1
12.0
12.7
15.4
15.3
15.0
14.6
13.6
13.2
12.7
12.5
12.2
12.6
12.6
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
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
5.8
5.5
5.6
5.3
5.0
4.6
4.2
4.2
4.0
3.8
3.5
3.1
3.2
3.1
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
14.9
11.0
12.2
12.0
14.2
11.1
10.4
8.5
7.3
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
3.3
3.1
3.5
3.4
3.3
2.9
2.6
2.5
3.5
4.5
4.7
5.0
5.3
5.3
5.5
5.4
7.4
11.4
9.3
9.8
9.8
10.9
10.8
11.0
25.9
25.4
26.9
28.9
28.8
29.2
28.3
29.2
31.7
34.2
34.8
35.9
36.8
36.9
37.0
39.3
31.9
46.1
49.2
54.5
59.4
54.7
56.9
58.8
66.0
66.5
68.3
69.6
68.1
70.2
71.0
69.8
5.5
5.6
5.7
5.6
5.7
5.7
5.7
5.9
6.2
6.2
6.1
6.0
6.0
6.0
6.1
6.0
26.8
27.6
25.3
24.5
24.0
26.5
28.5
29.8
27.7
27.4
25.8
23.8
23.5
24.5
23.9
23.8
37.4
38.2
38.7
40.5
41.5
41.6
72.8
74.6
74.6
75.2
76.0
78.1
44.8
43.3
44.4
48.4
49.1
47.6
47.8
52.7
53.5
54.5
80.3
82.3
84.7
86.1
86.0
87.9
90.2
91.9
95.5
100.0
8.4
8.1
7.6
7.2
7.4
7.0
7.0
6.7
6.6
6.3
6.4
5.9
6.2
7.1
9.5
10.2
10.2
10.4
10.5
10.5
10.6
11.3
11.9
11.7
12.3
12.6
12.5
12.4
12.7
12.6
12.6
12.9
14.2
14.1
14.1
14.5
14.7
13.2
20.2
20.6
22.6
22.3
23.3
25.5
24.3
Other
investors
6/
.2
2.4
1.9
2.2
3.0
2.9
3.0
3.4
4.0
4.4
4.6
4.6
4.8
5.2
5.9
6.2
6.7
6.5
6.9
5.9
6.9
8.1
9.9
10.1
10.5
10.1
10.9
11.3
12.0
12.6
12.6
12.0
13.1
12.2
13.0
.3
9.5
9.3
9.6
9.3
9.6
9.4
9.7
9.4
10.0
10.2
11.6
10.8
11.4
12.9
10.7
12.5
10.3
10.4
16.9
19.4
19.3
19.9
22.7
21.9
22.0
25.0
21.0
19.9
17.2
15.6
14.0
17.0
16.6
19.3
17.3
22.8
25.5
38.0
36.2
40.3
43.9
39.2
39.5
38.1
14.0
19.8
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
40.9
40.1
41.2
42.2
47.0
40.5
40.6
42.9
44.7
39.3
40.7
36.0
41.5
42.1
40.7
46.7
accounts in the United States. 'Holdings have been adjusted to exclude
issues to the International Monetary Fund and other international
lending organizations to reflect the unified budget concept.
6/ Consists of savings and loan associations, nonprofit institutions,
corporate pension trust funds, and dealers and brokers. Also includ
ed are certain government deposit accounts and government-sponsored
agencies.
2/ Includes U.S. savings notes. Sales began May 1, 1967 and were dis
continued after June 30, 1970.
p Preliminary.
75
December 1977
TREASURY SURVEY OF OWNERSHIP,
OCTOBER 31, 1977
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 t y the United States Government, Federal agencies. Fedo
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
Holdings by commercial banks distributed according t v
these institutions. .The similar proportion for corporations
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-l.-Sum mary of Federal Securities
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
Total
amount
outstand
ing 1 /
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
Total
private
inves
tors
5,490
commer
cial
banks
2J
Insurance
466
mutual savings
banks
289
life
2J
Marketable............
Nonmarketable
... .
447,435
248,866
109,145
137,646
338,290
111,220
73,127
4,393
Total interest-bearing
public debt securities...
696,301
246,791
449,510
73,127
1,102
-
1,102
697,403
246,791
4,301
4,018
8,319
Classification
State and local
486
governments
savings
440
and loan corpo
185
439 fire, associa rations
311
casualty, tions
general pension
and re
and
funds
tirement
marine
funds
companies
All
other
private
inves
tors 2 /
Public debt issues:
spOskt.
bearing no interest......
Total public debt
securities........... .
f y r f l e r . a g t y issues:
oeifrit . gfp
Participation
’
Certificates £/........
Total Government agency
securities covered in
Treasury Survey........
Nonsurveyed Government
agency securities...... .
Total Government agency
securities &/..........
Total Federal securities...
Footnotes at end of Table TS0-5.
3,804
_
7,772
4,393
3,804
-
-
450,612
73,127
4,393
235
4,065
759
178
86
38
91
1,734
2,284
580
170
115
165
202
1,969
6,350
1,339
348
201
203
293
210
1,971
123
1,847
10,290
2,093
248,884
458,809
707,693 ‘
8,197
_
5,138
-
10,305
7,772
5,138
10,305
11,694
4,829
328,447
-
-
-
-
-
-
1,102
3,804
7,772
5,138
10,305
11,694
4.829
329,549
71
239
313
2,290
139
160
551
203
399
864
2,493
_
11,694
_
4,829
_
217,227
111.220
Treasury Bulletin
76
TRF1ASTTRV SURVEY OF OWNERSHIP, OCTOBER 31, 1877
Table TSO-2. - Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
(Par values - in millions of dollars)
Total
amount
outstand
ing 1/
Classification
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
5,490
commer
cial
banks
Zl
Held by investors covered in Treasury Survey
Insurance companies
State and local
486
governments
466
savings 440
mutual
439 fire,
185
and loan corpo 311
savings
289
pension
casualty, associa rations
banks
and
general and re
life
tions
a/
funds
tirement
marine
funds
Held by
all
other
inves
tors 2/
fr tare
t.
Issued by U.S. Government:
444
156,174
245,587
45,674
447,435
36,352
54,381
18,412
9,549
61,722
1,856
3,550
398
109,145
73,127
4,393
220,079
149,820
49,212
8,846
10,919
8,558
50,688
34,076
13,193
3,105
4,531
3,552
26,689
38,493
7,110
362
322
152
1,349
2,109
663
116
131
25
447,435
109,145
73,127
4,393
1 to § years.................
5 to 10 years.................
10 to 15 years................
15 to 20 years................
217,765
149,820
48,599
8,580
4,395
18,276
50,066
34,076
12,687
2,406
2,163
7,747
1,335
2,109
655
129
24
142
Total.......................
447,435
109,145
26,572
38,493
7,164
377
113
409
73,127
Treasury notes................
Treasury bonds................
Total.......................
278
1,268
2,259
3,804
894
5,828
1,050
976
3,922
240
5,138
5,239
4,627
439
10,305
954
995
609
724
214
309
3,804
1,522
3,290
2,370
269
145
175
7,772
2,207
2,725
146
36
14
10
647
995
807
756
105
494
3,804
11,694
1.299
1,231
2.299
4,829
95,566
104,253
17,408
217.227
6,891
2,821
347
85
91
70
7,223
3,334
583
201
221
133
1,531
596
691
432
579
1,001
5,138
10,305
11,694
4,829
121,026
61,381
23,500
3,517
4,673
3,130
217.227
1,455
3,290
2,328
329
64
306
2,177
2,725
161
39
18
18
7,078
3,334
619
287
64
312
1,415
596
706
495
72
1,546
7,772
5,138
6,867
2,821
367
47
88
114
10,305
11,694
4,829
7,772
5,577
4,806
1,312
ByjBatgdftar d is tra c tio n ;.
Call classes (due or first
becoming callable):
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):
4,393
120,152
61,381
23,104
3,715
1,685
7,189
217,227
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
Total
amount
outstand
ing l/
Treasury Bills:
Regular weekly and annual maturing
Nov.
1977............... .
Dec.
1977...............
Jan.
1978...............
Feb.
1978................
Mar.
1978................
Apr.
1978...............
May
1978...............
June
1978...............
July
1978...............
Aug.
1978............... .
Sept.
1978...............
Oct.
1978............... .
Total Treasury Bills.......... .
Treasury Notes:
6-5/8$
Nov.
7-3/4
Nov.
7-1/4
Dec.
6-3/8
Jan.
6-1/4
Feb.
8
Feb.
6-3/4
Mar.
6-1/2
Apr.
7-1/8
May
7-V8
May
7-7/8
May
6-7/8
June
6-7/8
July
7-5/8
Aug.
8-3/4
Aug.
6-5/8
Aug.
6-1/4
Sept.
1977-Q........
1977-E........
1977-P.......
1978-J....... .
1978-A.......
1978-G....... .
1978-K....... .
1978-L........
1978-D....... .
1978-M....... .
1978-F....... .
1978-N....... .
1978-P........
1978-E........
1978-C........
1978-Q,...... .
1978-R....... .
Footnotes at end of Table TSO-5.
25,833
30,545
25,909
17,015
19,897
17,061
5,420
2,253
3,038
3,005
3,036
3,162
156,174
2,628
3,630
2,765
2,511
8,389
2,115
3,162
2,574
3,960
2,567
4,423
3,331
2,855
5,155
2,462
2,949
3,195
466
5,490
commer
cial
banks
mutual
savings
banks
2/
2/
22
289
life
52
35
49
66
29
20
5
1
21
3,763
6,289
6,779
4,151
5,051
4,375
1,668
844
954
734
876
867
36,352
804
775
953
1,216
1,395
1,435
771
151
544
656
384
464
9,549
444
278
112
1,266
337
271
3,357
53
293
380
957
175
1,537
769
874
1,073
825
482
1,506
557
927
639
1,401
904
1,179
875
1,103
1,195
629
967
931
55
45
36
43
67
15
96
45
65
35
81
27
26
80
25
47
35
54
41
5
30
50
16
63
3
35
1
28
2
1
11
3
26
"
240
2,553
635
173
425
39
54
97
60
38
11
20
56
20
20
8
486
State and local
governments
savings 440
and loan corpo
185
439 fire, associa rations
pension
311
casualty, tions
general and re
and
funds tirement
marine
funds
Held by
all
other
inves
tors y
466
18,385
20,796
15,564
9.454
11,918
10,121
2,496
1,122
1,141
1,325
1,612
1,632
95,566
1,186
869
1,328
1.455
2,935
1,351
1.456
1,346
1,228
1,089
1,345
1,251
1,156
1,070
1,108
1,473
1,505
Insurance companies
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
-
143
129
142
157
115
92
35
12
32
15
17
5
894
25
13
16
15
78
14
21
28
55
18
31
23
41
72
27
20
29
76
165
115
97
101
73
43
39
106
88
27
48
976
816
1,053
795
554
225
14
61
111
55
106
1,520
1,021
1,148
636
429
352
166
51
123
56
45
32
5,239
5,577
*
1,299
67
15
56
67
133
13
116
67
80
33
62
63
109
46
2
95
135
252
53
57
58
52
93
2
34
258
92
192
66
84
1
86
42
116
54
107
89
167
43
94
63
82
50
62
126
111
26
31
58
115
4
1
2
1
36
1
3
1
24
3
7
3
2
17
2
4
4
109
603
846
451
288
88
4
2
1
_
1
-
December 1977
TftHAg im v SURVEY OP OWNERSHIP, OCTOBER 31, 1977 _
_
_
Table TSO-3. - Interest-Bearing Marketable Public Debt Securities by Issue—
Continued
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
State and local
ffnvapnments
486
savings 440
439 fire, and loan corpo
185
pension
casualty, associa rations 311
general and re
tions
tirement
funds
marine
funds
Insurance companies
Issue
Treasury NQtes - (Continued).;,
Oct.
1978-S........ .
5-7/8$
1978-T........ .
Nov.
5-3/4
1978-B.........
6
Nov.
Dec.
1978-U........
5-1/4
Dec.
1978-H........
8-1/8
5-7/8
Jan.
1979-L........
Feb.
1979-H........
7
1979-M........
5-7/8
Feb.
6
Mar.
1979-N........
5-7/8
Apr.
1979-P........
7-7/8
May
1979-D........
6-1/8
May
1979-Q........
June 1979-E........
7-3/4
6-1/8
June 1979-fi........
July 1979-S........
6-1/4
Aug.
1979-A........
6-1/4
6-7/8
Aug.
1979-J........
Aug.
1979-T........
6-5/8
8-1/2
Sept. 1979-F........
6-5/8
Sept. 1979-U........
1979-V........
Oct.
7-1/4
Nov.
1979-K........
6-1/4
6-5/8
Nov.
1979-B........
7
Nov.
1979-C........
7-1/2
Dec.
1979-G........
6-1/2
Feb.
1980-G........
7-1/2
Mar.
1980-C........
6-7/8
May
1980-A........
7-5/8
June 1980-D........
1980-H........
Aug.
6-3/4
Aug.
1980-B........
9
6-7/8
Sept. 1980-E........
5-7/8
Dec.
1980-F........
7
Feb.
1981-A........
7-3/8
Feb.
1981-C........
6-7/8
Mar.
1981-H........
7-3/8
May
1981-D........
June 1981-J........
6-3/4
7-5/8
Aug.
1981-F........
Sept. 1981-K........
6-3/4
Mov.
1981-G........
7
Nov. 1982-B........
7-3/4
6-1/8
Feb.
1982- )
J ........
May
1982-E........
7
May
8
1982-A........
8-1/8
Aug.
1982-B........
7-7/8
Nov.
1982-C........
7-1/8
1982-F........
Nov.
8
Feb.
1983-A........
1983-B........
Nov.
7
Feb.
1984-A........
7-1/4
Aug.
1984-B........
7-1/4
May
1986-A........
7-7/8
8
Aug.
1986-B........
Exchange Series.
,
Total
amount
outstand
ing
ment ac
counts and
Federal
Reserve
banks
2,921
2,941
8,207
3,376
2,517
2,855
4,692
2,845
3,519
1,992
2,269
2,087
1,782
2,308
3,180
4,559
2,989
3,481
2,081
3,861
4,330
3,376
1,604
2,241
2,006
4,608
2,069
7,265
2,185
4,133
4,296
2,141
2,692
1,842
4,796
2,809
2,020
2,514
2,586
2,968
2,543
4,477
2,697
2,613
2,747
2,918
2,902
2,736
7,958
2,309
8,438
2,863
5,219
9,515
42
183
244
3,591
434
174
53
1,724
199
575
118
538
209
115
265
106
1,788
835
198
222
245
218
243
1,142
447
107
1,442
167
5,564
277
486
2,680
138
38
557
928
50
175
57
186
48
54
1,849
30
14
1,442
1,092
708
2,088
95
3,639
337
824
1,912
Total Treasury Notes............
Treasury Bonds:
1975-85.......
4-1/4
May
June 1978-83.......
3-1/4
1980..........
Feb.
4
3-1/2
Nov.
7
Aug.
1981..........
Feb.
6-3/8
6-3/8
Aug.
May
3-1/4
6-1/8
Nov.
1986..........
Aug.
1987-92.......
4-1/4
Feb.
4
1988-93.......
Aug.
7-1/2
1988-93.......
May
4-1/8
1989-94.......
Feb.
3-1/2
May
8-1/4
Aug.
7-1/4
Feb.
6-3/4
May
1993-98.......
7
8-1/2
May
1994-99.......
Feb.
3
1995-2000......
7-7/8
Feb.
Aug.
1995-2000......
8-3/8
8
Aug.
1996-2001......
Nov.
3-1/2
May
8-1/4
2000-05.......
7-5/8
Feb.
2002-07.......
245,587
54,381
Total Treasury Bonds............
Total Marketable Public Debt
Securities.....................
Footnotes at end of Table TSO-5.
45,674
447,435
1,052
1,262
2,500
1,755
807
2,702
2,353
775
1,216
2,928
187
1,914
1,093
2,900
1,247
1,504
627
692
2,414
574
2,771
2,265
1,575
2,088
2,221
4,249
5,490
commer
cial
banks
2J
466
mutual
savings
banks
2J
289
life
*
14
132
11
21
19
34
1
1
36
50
119
36
21
12
52
20
41
7
41
17
34
23
35
59
51
28
73
8
10
70
50
75
92
60
80
73
134
32
47
48
101
100
163
92
149
47
102
64
104
163
160
94
92
128
194
64
327
149
466
263
504
230
11
5,828
70
95
112
243
28
64
65
53
50
43
10
31
43
137
123
52
61
57
16
28
29
113
5
19
54
56
25
31
13
68
6
38
169
24
65
25
28
81
29
53
80
33
163
92
7
1
3
14
11
29
3
2
4
38
1
3,922
15
81
9
108
31
12
33
467
36
145
13
17
12
16
112
29
15
117
9
183
20
47
91
51
3
76
30
25
8
109
5
14
30
63
83
74
5
3
26
9
48
30
24
18
24
134
7
23
56
39
12
5
22
1
15
6
398
2,259
1,050
240
439
1,312
2,299
17,408
4,393
3,804
7,772
5,138
10,305
11,694
4,829
217,227
65
28
56
40
44
35
48
34
37
15
33
26
70
12
35
23
28
42
45
35
20
63
6
31
48
79
43
35
40
56
8
41
38
19
151
30
66
27
69
22
7$
107
12|
954
701
1,390
769
1,094
1,167
1,132
1,094
929
530
853
598
767
463
818
699
889
928
57Q
1,036
839
1,236
111
684
747
1,564
788
600
665
1,242
409
990
861
489
1,674
922
649
823
1,019
917
925
929
855
766
332
391
747
665
945
626
i,io<?
516
587
1,645
11
61,722
56
43
56
19
91
43
72
35
108
19?
1
11
1
3
6
7
4
6
8
2
1
7
5
12
20
12
12
5
7
2
10
16
23
20
4
14
20
4
42
13
46
43
130
97
1
3,550
1,268
64
53
95
66
35
436
125
27
58
63
2
40
5
83
38
193
57
94
47
8
85
10
21
19
3
129
7
20
19
2
24
10
7
6
23
4
6
1
36
53
17
11
5
5
2
82
18
7
15
*
10
k
36
271
146
326
*
18,412
1,856
109,145
73,127
-
395 1
227 1
929
619
408
1,055
1,399
179
884
1,128
53
1,318
456
893
345
41
209
328
1,603
128
528
974
761
714
1,295
1,543
56
-
2
3
6
-
*
19
2
2
10
6
-
20
_
6
19
1
5
4
2
1
2
3
2
-
8
_
2
70
68
27
145
35
83
41
73
125
149
19
58
45
71
32
20
142
265
9
134
48
27
6
133
6
59
60
18
3
8
20
42
33
48
90
101
7
36
34
139
63
10
71
49
11
6
8
29
86
*
44
13
52
85
12
108
101
196
141
42
79
28
127
167
77
21
115
34
69
257
49
105
38
26
76
1
142
27
12
64
32
3
25
50
44
10
19
149
28
45
121
35
89
18
12
45
75
65
40
18
43
24
11
41
34
49
11
56
120
*
4,627
4,806
Held by
all
other
inves
tors y
4
21
104
21
*
15
23
■
*
3
4
_
10
31
16
16_
11
14
6
12
33
3
10
13
*
7
63
69 ,
75
228
110
5
31
77
17
35
108
1
6
15
115
12
52
12
13
18
30
65
83
-
72
16
45
1
14
4
1
3
17
4
5
1
3
1
9
-
6
4
7
15
33
*
21
*
3
4
37
10
1
21
8
7
17
12
3
17
20
17
5
3
21
44
29
10
11
24
66
84
15
75
29
66
6
121
181
1,435
1,640
2,569
1,553
1,054
1,340
1,551
1,240
1,588
1,051
749
1,030
660
1,267
1,769
1,845
868
1,907
1,075
2,294
3,166
1,449
256
834
879
1,272
889
912
973
2,187
1,108
800
1,286
562
1,642
1,437
884
-
1,345
1,118
1,690
1,142
1,265
1,198
1,471
762
1,135
1,058
1,915
4,251
1,291
2,947
1,638
2,833
5,013
6
1,231
104,253
77
39
23
26
1
8
1
10
*
101
3
18
17
57
110
227
24
15
113
10
204
121
9*
1
2
379
621
374
500
808
478
351
1,023
668
406
210
1,269
83
490
498
1,151
554
740
277
209
578
337
1,641
988
643
1,122
489
1,519
Treasury Bulletin
78
.TREASURY SURVEY OF OWNERSHIP, OCTOBER 31, 1977.
Table TSO-4. - Securities Issued by Government Agencies
(Par values - in millions of dollars)
Held by investors covered in Treasury Survey
Total
_
Exnort-Import Bank:
Debentures.....................
Issues to State & Local Govts. 2/*••
Participation Certificates........
Total.........................
Federal Housing Administration:
Debentures.....................
.Government National Mortgage
Association:
Participation Certificates.......
IL_S.__Postal Service:
Bonds.........................
Bonds.........................
Total Government Agency Securities
covered by survey................
Footnote? at end of TsK1 TS0-5.
*
State and local
governments
Insurance companies
U.S. Govern
outstand ment ac
counts and
ing 1 /
Federal
Reserve
banks
5 /Q0
coramereial
banks
2/
466
mutual
savings
banks
2/
J
289
life
439 fire, savings
casualty, and loan
associa
and
tions
marina
1,500
143
250
91
13
58
_
_
_
_
_
_
16
85
10
4
10
5
1,893
106
741
33
24
23
583
107
43
22
13
3,768
1,718
495
160
250
37
13
1,825
-
8,319
1,969
440
corpo
rations
656
20
23
70
Held by
all
other
185
pension inves
311
general and re tors 2 /
funds
tirement
funds
464
64
143
10
41
17
95
63
70
216
58
559
*
11
-
9
64
313
111
155
197
139
150
534
108
16
9
2
1
-
4
23
145
47
117
45
22
21
-
19
185
1,368
1,339
348
201
203
293
210
399
864
2,493
Table TSO-5. - Securities Issued by Government-Sponsored Agencies
and the District of Columbia
(Par values - in millions of <
Held by investors covered in Treasury Survey
Total
amount
outstand
ing l/
Banks for Cooperatives:
Debentures........ .
Farm Credit Banka;
Discount Notes..........
Consolidated Bands.......
Farmers Home Administration:
Insured Notes...........
U.S. Govern
ment ac
counts and
Federal
Reserve
banks
4,052
106
774
94
13
39
191
120
493
51
2,170
2
22
7
1
M
15
4
43
68
11
263
4
27
15
759
746
289
life
486
439 fire, savings
casualty, and loan
associa
and
tions
wn-n
irfa
Held by
nil
other
inves
tors 2 /
466
mutual
savings
banks
2/
440
corpo
rations
185
pension
311
general and re
funds
tirement
funds
1,291
962
~
147
106
4,308
248
1,159
304
417
95
177
17
207
426
1,258
639
16,686
1,871
178
3,274
25
604
2
91
2
237
20
770
192
7
539
2
352
405
8,756
1,686
-
270
131
75
61
648
39
172
358
19,368
1,871
-
-
3,721
760
11,623
418
1,970
301
19,118
1,124
3,739
582
1,535
28,100
1,192
200
3,094
49
-
536
5,385
112
92
90
1,273
57
10
5
118
5
1
Metal, Home Loan Paqkg:
Discount Notes.......... .
Bonds................. .
FHEMC Mtg. Backed
Certificates and Bonds 9 /
.
Issues to State and Local
Govts. 2/2/......... .
Total.
Eederal Intermediate Credit. BanVsDebentures 8 / ...............
Federal Land Banks:
Bands......................
Federal National Mortgage
Association:
Discount Notes.........
Debentures............
Capital Debentures......
Mtg. Backed Bonds.......
Issues to State and Local
Govts. 2/...........
Total......................
aigtpict of_Columbia:
Stadium Bonds................
Total Government Sponsored Agency
Securities covered in survey....
State and local
governments
Insurance companies
5,490
commer
cial
banks
2/
-
_
_
-
168
-
-
25
265
358
_
300
1,437
231
■929
620
9,332
13
124
523
241
690
64
7,280
80
401
697
240
448
506
11,301
15
501
2
3
138
1,277
19
3
41
342
11
-
425
1,242
4
2
39
465
4
2
247
14,403
928
87
-
544
-
-
-
-
-
-
-
544
-
31,572
3,143
6,125
1,430
129
522
1,436
394
2,218
510
20
-
*
4
*
1
3
92,313
6,909
17,741
3,500
828
1,512
4,510
1/ Securities issued by the Treasury and Government agencies that are
classified as debt under the 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 reported in the Treasury Survey. Also included
are certain Government deposit accounts and Government-sponsored
agencies.
U Data on the holdings of nonmarketable Public Debt were no longer
collected beginning with July 1974 Treasury Survey of Ownership.
-
1,323
_
5,251
2
2,22 1
15,665
____ 8_
4^19
j / Includes Export-Import Bank and Government National Mortgage Associ
>
ation participation certificates.
6/ Includes matured securities outstanding on which interest has ceased.
2/ Direct placements (mortgage-backed bonds) with State and local govern
ments 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.
December 1977
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1977________________
Current market quotations shown here are over-the-
listed include all regularly quoted public marketable secu-
counter closing bid quotations in the New York market for
rities issued by the United States Treasury.
the last trading day of the month, as reported to the Treasury
issued by Federal agencies and guaranteed by the United
by the Federal Reserve Bank of New York.
States Government are excluded.
The securities
Securities
Table MQ-1. - Treasury Bills
Amount outstanding
(millions)
13-week
$2,208
2,515
2,507
2,202
2,304
2,308
2,303
2,305
2,302
2,307
2,202
2,302
26-week
Maturity
date
Bid
12/08/77
12/15/77
12/22/77
12/29/77
1/05/78
5.73$
5.59
5.58
5.57
5.71
-.25$
-.41
-.41
-.43
-.39
7/14/77
7/21/77
7/28/77
8/04/77
8/11/77
8/18/77
8/25/77
9/01/77
9/08/77
9/15/77
1/12/78
1/19/78
1/26/78
2/02/78
2/09/78
-.39
-.36
-.36
-.32
-.33
-.32
-.33
-.34
-.29
-.28
9/22/77
9/29/77
10/06/77
10/13/77
10/20/77
10/27/77
11/03/77
11/10/77
11/17/77
11/25/77
3/23/78
3/30/78
4/06/78
4/13/78
4/20/78
5.74
5.78
5.82
5.95
5.97
6.00
6.00
6.04
6.11
6.13
6.17
6.20
6.24
6.27
6.29
6.30
6.33
6.34
6.36
6.37
26-week
$3,002
3,001
3,001
3,201
3,305
9/08/77
9/15/77
9/22/77
9/29/77
10/06/77
6/09/77
6/16/77
6/23/77
6/30/77
7/07/77
3,404
3,408
3,501
3,599
3,504
10/13/77
10/20/77
10/27/77
11/03/77
11/10/77
11/17/77
11/25/77
3,404
3,401
3,407
3,304
3,503
Amount
outstanding
(millions)
52-week
Change from
last month
13-week
3,403
3,404
3,304
3,203
3,377
3,502
3,302
3,506
3,406
3,403
Bank discount
Issue date
2/16/78
2/23/78
3/02/78
3/09/78
3/16/78
4/27/78
5/04/78
5/11/78
5/18/78
5/25/78
$3,505
3,071
3,105
3,208
3,342
2,966
2,454
2,253
3,038
3,005
3,036
3,162
3,587
Bank discount
Issue
date
Maturity
date
Bid
Change from
last month
12/14/76
1/11/77
2/08/77
3/08/77
4/05/77
12/13/77
1/10/78
2/07/78
3/07/78
4/04/78
5.71$
5.72
5.99
6.11
6.25
-.32$
-.39
-.33
-.31
-.20
5/03/77
5/31/78
6/28/77
7/26/77
8/26/77
9/20/77
10/18/77
11/15/77
5/02/78
5/30/78
6/27/78
7/25/78
8/22/78
9/19/78
10/17/78
11/14/78
6.31
6.37
6.40
6.44
6.47
-.20
-.15
-.14
-.13
-.12
6.49
6.49
6.49
-.11
-.14
52-week
-
-.25
-.22
-.22
-.19
-.18
-.21
-
Table MQ-2. - Treasury Notes
(Price decimals are 32ds)
Price
Amount
outstanding
(millions)
$2,765
2,511
8,389
2,115
3,162
Description
7-1/4$
6-3/8
6-1/4
8
6-3/4
6-1/2
7-1/8
7-7/8
7-1/8
6-7/8
2,574
3,960
4,423
2,567
3,331
2,855
5,155
2,462
2,949
3,195
2,921
8,207
2,941
3,376
2,517
2,855
4,692
2,845
3,519
1,992
6-7/8
7-5/8
8-3/4
6-5/8
6-1/4
5-7/8
6
5-3/4
5-1/5
8-1/8
5-7/8
7
5-7/8
6
5-7/8
2,269
2,087
2,308
1,782
3,180
7-7/S
6—1/8
6-1/8
7-3/4
6-1/4
4,559
2,989
3,481
3,861
2,081
6-1/4
6-7/8
6-5/8
6-5/8
8-1/2
4,334
3,376
1,604
2,241
4,783
7-1/4
6-1/4
6-5/8
7
7-1/8
_
_
_
_
_
_
_
_
_
_
_
_
Footnotes at s d of Table MQ-3.
n
Bid
Yield
Change
from las t
'
month
i
'
+.15$
+.09
-.01
-.20
-.12
Change
To
from last ,
maturity
month
12/31/77-P
1/31/78-J
2/15/78-A
2/28/78-G
3/31/78-K
100.00
99.30
99.29
100.11
100.00
-.01
+.00
+.01
-.02
+.01
7.04$
6.62'
6.59
6.45
6.67
4/30/78-L
5/15/78-D
5/15/78-F
5/31/78-M
6/30/78-N
7/31/78-P
8/15/78-E
8/15/78-C
8/31/78-Q
9/30/78-R
10/31/78-S
11/15/78-B
11/30/78-T
12/31/78-U
12/31/78-H
l/_?l/79-L
2/15/79-H
2/28/79-M
3/31/79-N
4/30/79-P
5/15/79-D
5/31/79-Q
6/30/39-R
6/30/79-E
7/31/79-S
8/15/79-A
8/15/79-J
8/31/79-T
9/30/79-U
9/30/79-F
99.30
100.06
100.16
100.06
100.02
100.01
100.17
101.10
99.27
99.17
99.04
99.08
99.00
98.12
101.09
98.28
100.04
98.24
98.27
98.20
101.10
98.28
98.26
101.06
98.26
+.03
+.02
+.00
+.02
+.03
+.02
+.00
-.01
+.03
+.05
+.06
+.06
+.08
+.09
+.02
+.08
+.06
+.07
+.11
+.10
+.08
+.14
+.13
+.09
+.10
6.62
6.68
6.72
6.73
6.76
98.23
99.23
99.08
99.07
102.14
100.08
98.18
99.09
99.30
100.01
10/31/79-V
11/15/79-K
11/15/79-B
11/15/79-C
11/30/79-W
Price range since first traded 1/
12/31/75
2/02/76
2/15/71
10/07/75
3/31/76
5/17/76
2/18/75
8/15/75
6/01/76
6/30/76
6.89
6.89
6.94
6.92
6.91
6.91
6.93
6.93
6.94
7.02
-.09
-.08
-.15
-.10
-.13
-.12
-.13
-.17
-.15
-.14
-.15
-.16
-.11
-.21
-.17
-.22
-.26
-.23
-.22
-.16
7/21/76
5/15/75
5/15/74
8/31/76
9/30/76
11/01/76
11/15/71
11/30/76
12/31/76
10/22/75
2/03/77
2/17/76
2/28/77
3/31/77
5/02/77
+.08
+.06
+.08
+.08
+,' 8
0
7.06
7.05
7.09
7.09
7.06
-.12
-.11
-.13
-.12
-.20
+.07
+.12
+.13
+.12
7.11
7.05
7.02
7.03
7.11
-.12
-.17
-.21
-.20
‘
High
Price
-.20
-.20
-.19
-.17
-.16
6.83
6.84
6.82
6.84
6.84
6.88
6.82
6.80
6.83
6.88
!
Issue
date
11/06/74
5/31/77
6/30/77
7/09/75
8/01/77
8/15/72
8/16/76
8/31/77
9/30/77
9/04/75
10/31/77
11/15/76
2/15/73
11/15/73
11/30/77
102.12
101.16
106.20
103.15
102.05
101.30
102.22
103.25
102.26
102.17
102.18
103.24
106.10
102.06
101.20
101.01
101.08
100.28
99.27
105.08
Date
Low
Price
Date
12/03/76
12/07/76
3/22/71
12/03/76
12/03/76
100.00
98.20
92.06
99.12
99.00
11/30/77
5/27/76
8/23/74
9/30/75
5/27/76
12/03/76
12/03/76
12/03/76
12/03/76
12/03/76
98.17
96.27
98.16
99.18
99.22
5/27/76
9/16/75
9/16/75
5/27/76
6/28/76
12/03/76
12/03/76
2/05/75
12/03/76
12/10/76
12/10/76
12/03/76
12/10/76
12/27/76
12/03/76
99.28
97.26
99.24
99.19
99.07
98.25
98.17
97.27
100.07
100.09
103.09
101.11
100.18
99.28
105.10
100.06
100.04
105.08
99.30
4/14/77
12/02/76
4/14/77
4/14/77
4/20/77
12/02/76
6/28/77
6/28/77
12/03/76
7/26/77
98.13
98.23
98.10
98.13
98.03
98.04
98.13
98.11
97.16
98.15
10/21/77
9/16/75
8/23/74
10/18/77
10/17/77
10/18/77
8/23/74
10/19/77
10/18/77
10/15/75
10/18/77
3/04/76
10/18/77
10/18/77
10/18/77
9/15/75
10/18/77
10/17/77
9/15/75
10/18/77
101.23
103.09
100.07
99.22
107.18
12/10/76
12/10/76
9/06/77
9/29/77
12/02/76
100.09
101.28
102.26
103.22
100.01
11/29/77
12/10/76
12/10/76
12/10/76
11/30/77
90.04
99.14
98.30
98.30
90.23
100.01
98.03
91.02
92.16
100.01
8/23/74
11/03/77
11/01/77
11/01/77
9/16/75
11/03/77
10/21/77
8/23/74
8/23/74
11/30/77
90.10
Treasury Bulletin
SO
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER 30, 1977
Table MQ-2, - Treasury Notes—
Continued
(Price decimals are 32ds)
Yield
Price
Amount
outstanding
(millions)
Price range since first trade 1/
Chaxige
from last
month
Bid
Change
from last
month
To
maturity
12/31/79-G
2/15/80-G
3/31/80-C
5/15/80-A
6/30/80-D
100.24
98.22
100.24
99.13
101.02
+.09
+.09
+.11
+.12
+.11
8/15/80-H
8/15/80-B
9/30/80-E
11/15/80-J
12/31/80-F
2/15/81-A
2/15/81-C
3/31/81-H
5/15/81-D
6/30/81-J
98.31
104.18
99.07
99.24
96.13
99.12
100.11
98.30
100.11
98.12
8/15/81-F
9/30/81-K
11/15/81-G
11/15/81-B
2/15/82-D
5/I5/82-E
5/15/82-A
8/15/82-B
11/15/82-F
101.03
98.09
98.30
101.15
95.25
98.28
102.18
103.04
99.02
+.12
+.09
+.12
+.12
+.13
+.12
+.11
+.12
+.11
+.11
+.10
+.09
+.10
+.09
+.15
+.12
+.12
+.14
+.12
7.11#
7.15
7.15
7.14
7.17
7.18
7.12
7.18
7.22
7.20
11/15/82-C
102.01
+.12
7.38
-.09
2/15/83-A
11/15/83-B
2/15/84-A
8/15/84-B
5/15/86-A
8/15/86-B
11/15/87-A
4/1/78-EA
10/1/78-E0
4/1/79-EA
10/1/79-E0
4/1/80-EA
10/1/80-E0
4/1/81-EA
lO/l/81-EO
4/1/82-EA
10/1/82-E0
102.20
98.16
99.05
99.04
102.06
+.11
+.16
+.15
+.17
+.17
+.17
+1.00
+ .24
+ .12
+ .08
+ .08
+ .04
7.38
7.32
7.42
7.42
7.52
7.50
7.55
8.98#
8.13
7.51
7.31
7.17
7.14
7.10
7.07
7.05
7.06
-.09
-.10
Description
$2,006
4*608
2,069
7,265
2,185
7-1/2#
6-1/2
7-1/2
6-7/8
7-5/8
4,133
4,296
2,141
4,599
2,692
6-3/4
9
6-7/8
7-1/8
5-7/8
1,842
4,796
2,809
2,020
2,514
2,586
2,968
2,543
4,477
2,697
2,613
2,747
2,918
2,737
7
7-3/8
6-7/8
7-3/8
6-3/4
7-5/8
6-3/4
7
7-3/4
6-1/8
7
8
8-1/8
7-1/8
_
-
-
_
_
_
-
7-7/8
_
8
7,958
7
2,309
8,438
7-1/4
2,863
7-1/4
7-7/8
5,219
_
8
9,515
7-5/8
2.387
1-1/2#
15
.
1-1/2
3
2
_
1-1/2
_
1-1/2
1
_
1-1/2
2
1-1/2
3
_
*
1-1/2
1-1/2
14
_
1-1/2
1
1
1-1/2
Footnotes at end of Table MQ-3.
2,902
103.04
100.16
97.18
94.24
92.16
90.06
88.00
85.24
83.20
81.18
79.18
77.18
+
+
+
+
-.15#
-.12
-.16
-.16
-.15
8/15/77
8/15/74
y 8/31/76
11/15/77
11/30/76
-.13
-.13
-.12
-.12
2/15/74
2/18/75
3/08/77
1/26/76
6/03/77
7/09/76
9/30/77
10/12/76
11/15/74
1/06/77
3/29/77
5/15/75
8/15/75
10/17/77
-.10
-.10
-.08
-.09
-.08
-.11
-.10
-.10
-.12
-.09
-.10
-.10
-.09
-.09
-1.14
-1.14
- .05
- .09
- .06
- .10
-
.08
.07
.06
.04
11/17/75
2/17/76
11/15/76
2/15/77
8/15/77
5/17/76
8/15/76
11/15/77
4/1/73
10/1/73
4/1/74
10/1/74
4/1/75
10/1/75
4/1/76
10/1/76
4/1/77
10/1/77
Low
High
Price
Date
12/02/76
4/04/77
12/02/76
12/10/76
12/02/76
99.14
98.10
99.11
91.16
100.05
5/27/76
10/21/77
5/27/76
8/23/74
6/06/76
9/06/77
12/10/76
12/02/76
11/15/77
12/03/76
98.19
100.21
98.25
99.12
95.30
10/31/77
8/23/74
11/01/77
10/31/77
10/21/77
11/26/76
12/02/76
4/14/77
12/12/76
6/28/77
12/02/76
9/06/77
11/26/76
12/02/76
12/31/76
4/14/77
12/03/76
12/10/76
10/06/77
12/03/76
91.14
95.06
98.16
98.11
97.31
100.00
97.28
98.17
96.12
95.06
98.12
97.01
97.20
98.18
8/23/74
9/01/75
11/02/77
5/27/76
11/02/77
7/01/76
11/02/77
11/01/77
9/16/75
11/01/77
11/02/77
9/16/75
9/15/75
11/02/77
98.12
12/03/76
12/10/76
6/28/77
9/06/77
12/30/76
12/30/76
11/23/77
n/30/77
11/30/77
11/30/77
11/30/77
11/30/77
11/30/77
100.15
97.30
98.16
98.15
99.06
101.01
99.18
79.16
77.20
75.12
73.04
74.10
72.00
12/10/75
5/27/76
11/02/77
11/02/77
11/02/77
5/21/76
11/30/77
7/31/77
11/30/77
11/30/77
74.16
76.20
78.00
77.12
Date
Price
1/06/76
2/15/77
3/17/76
5/15/73
6/10/76
-.14
-.16
-.14
-.14
-.11
7.22
7.25
7.24
7.26
7.27
7.28
7.27
7.31
7.32
7.31
7.30
7.32
7.33
7.35
.04
.04
.04
.06
Issue
date
105.04
101.12
105.04
103.12
105.23
100.07
110.06.
103.19
99.29
100.11
103.28
105.08
101.28
105.08
100.30
106.10
99.25
104.10
106.30
99.30
101.25
108.04
108.20
99.15
107.20
108.08
104.04
101.30
101.00
107.20
108.20
100.21
97.18
94.24
92.16
90.06
88.00
85.24
83.20
82.26
79.18
77.18
8/05/76
11/02/77
9/30/74
9/30/74
9/30/74
10/31/74
4/30/75
10/1/75
5/28/76
10/1/76
3/31/77
10/31/77
Table MQ-3. - Treasury Bonds
(Price decimals are 32d's)
Price
Amount
out
standing
(millions)
$2,499
1,755
807
2,702
1,259
2,353
768
1,052
1,216
2,882
1,247
2,920
1,504
185
627
1,914
1,089
570
692
2,068
2,414
2,771
2,265
1,575
2,221
4,249
1,494
Description
4#
3-1/2
7
6-3/8
3-1/4
6-3/8
3-1/4
4-1/4
6-1/8
3-1/2
8-1/4
4-1/4
7-1/4
4
6-3/4
7-1/2
4-1/8
3
7
3-1/2
8-1/2
7-7/8
8-3/8
8
8-1/4
7-5/8
7-7/8
“
-
Bid
Yield
Change
from
last
month
2/15/80
11/15/80
8/15/81
2/15/82
6/15/78-83
8/15/84
5/15/85
5/15/75-85
11/15/86
2/15/90 J/
5/15/90 2/
8/15/87-92
8/15/92 2/
2/15/88-93 2/
2/15/93 2/
8/15/88-93 2/
5/15/89-94 2/
2/15/95 2/
5/15/93-98 2/
11/15/98 2/
94.00
91.04
99.13
96.18
82.30
94.12
78.30
82.26
92.06
77.08
105.08
78.16
96.24
97.10
93.24
99.02
78.12
77.12
94.12
77.12
+.08
+.04
+ .11
+.12
+.22
+.08
+.16
+.14
+.06
+.12
+.06
+.16
+.08
+1.14
-.04
-.02
+.00
+.24
-.04
+.14
5/15/94-99 2/
2/15/95-00 2/
8/15/95-00 2/
8/15/96-01 2/
8/15/00-05 2/
2/15/02-07 2/
11/15/02-07 2/
106.18
100.26
105.10
101.24
104.14
97.29
100.15
+.16
+.10
+.09
+.07
+.08
+.07
Price range since first traded 1/
To first
call or
maturity
2/
Change
from
last
month
6.98#
6.87
7.19
7.34
7.02
7.46
6.91
7.28
7.33
6.18
-.02#
+.04
-.10
-.09
-.12
7.59
6.55
7.62
6.11
7.44
7.60
6.25
4.97
7.54
5.30
7.79
7.79
7.82
7.82
7.83
7.81
7.83
-.03
-.07
-.06
-.02
-.04
-.03
-.05
-.03
-.16
+.01
Lu
or
High
Issue
date
Price
1/23/59
10/03/60
8/15/71
2/15/72
5/01/53
8/15/72
6/03/58
4/15/60
11/15/71
2/14/58
+.00
+.01
-.07
+.01
-.04
4/07/75
8/15/62
7/08/77
1/17/63
1/10/73
8/15/73
4/18/63
2/15/55
5/15/73
10/03/60
-.05
-.03
-.03
-.02
-.02
5/15/74
2/18/75
8/15/75
8/16/76
5/15/75
-.02
—
2/15/77
11/15/77
Date
Price
Date
103.18
97.24
110.02
101.14
111.28
100.10
101.04
105.28
100.20
106.26
5/12/61
5/12/61
11/15/71
3/09/72
8/04/54
12/03/76
5/11/58
5/05/61
11/05/71
4/21/58
12/31/76
12/26/62
6/29/77
1/16/63
1/04/73
9/28/73
8/28/63
6/18/55
9/28/73
5/12/61
71.04
66.24
93.16
86.16
62.02
87.12
61.08
66.30
85.04
59.20
97.00
63.00
95.26
62.18
82.18
12/29/69
5/24/70
9/18/74
8/28/74
5/26/70
89.16
61.26
59.20
84.04
59.20
12/31/76
12/31/76
12/31/76
12/31/76
12/31/76
97.02
91.22
96.04
99.30
95.00
6/28/77
11/23/77
96.29
99.14
111.05
104.10
99.10
100.11
99.22
104.14
100.26
101.12
99.22
95.14
112.16
107.04
111.16
108.10
110.24
100.28
100.23
8/27/74
5/26/70
5/26/70
9/29/74
5/26/70
9/12/75
5/26/70
11/03/77
5/26/70
8/26/74
8/26/74
8/26/74
5/26/70
8/26/74
5/26/70
8/26/74
9/16/75
9/16/75
8/10/76
9/15/75
11/03/77
11/03/77
'
1/ Beginning April 1953, prices are closing bid quotations in the overthe-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 lou s in case of
r
recurrences are the latest dates.
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,
J/ Included in the average yield of long term taxable Treasury bonds
as shown under "Average yields of Long-Term Bonds."
Y IE L D S O F T R E A S U R Y S E C U R IT IE S
N O V EM B ER 3 0 ,1 9 7 7
§
B a s e d o n closing bid q u o t a t i o n s
1978
PERCENT
*
8.98
1979
1980
1982
1981
1983
1984
1985
1986
1987
1988
PERCENT
*
8.0
8.0
7.5
7.5
X
I
■
I
8
H
H
£>
a
o
*
7.0
*
Jjc_____ * _
7.0
x x x ^ 1
H
>
-3
►H
o
§
6.5
6.5
g
w
>
GO
6.0
6.0
PERCENT
a
$
w
.7.5
5.5
5.5
H
O
a
M
7.0
GO
5.0
5.0
2
o
<
6.5
£
dd
4.5
LEGEND
4.0
x
■
•
5.5
Fixed c o u p o n issues.
High c o u p o n issues - 7 % a n d higher fixed maturity issues.
Callable issues. A High co up o n callable issues - plotted
to earliest call date w h e n prices are a bove par a n d
to maturity date w h e n prices are at par or below.
% 1 V2% exchange notes.
- - Bills - c o u p o n equivalent of 3mo., 6mo., a n d lyr. bills.
I
3.5
4.5
6.0
1978
1979
1980
1981
1982
4.0
4.97
5.0
’
86
’
88
1983
’
90
’
92
1984
’
94
1985
»
w
o
’
96
’
98
1986
2000
’
02
1987
’
04
’
06
1988
Note: The curve is fitted by eye and based only on the most actively traded issues. Market yields on coupon issues due in less than 3 months are excluded.
3.5
po
Treasury Bulletin
82
____________________________ AVERAGE YIELDS OF LONG -TERM BONDS
Table AY-1. - Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2J bonds 2/
Treasury
bonds 1/
Period
S. I. A. |
I
new Aa
1 Treasury
j
municipal 1 bonds 1/
bonds y |
Monthly series - averages of daily or weekly
Treasury
bonds 1/
1966
July..........
Hay...........
Period
4.75
4.80
5.10
5.13
5.20
5.60
5.62
5.6,7
5.66
5.74
5.64
5.59
3.80
4.10
3.93
3.85
3.90
3.80
5.60
5.90
6.05
5.90
6.05
6.65
5.59 U
5.59
5.70
5.69
5.51
5.63
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
3.40
3.50
3.50
3.55
3.83
3.90
3.90
3.85
4.00
4.10
4.30
4.35
6.86
6.44 1/
6.39
6.53
6.94
6.99
6.57
6.75
6.63
6.59
6.24 5/
5.97
9.00
8.84
9.00
9.09
9.53
9.70
6.55
6.25
6.15
6.60
7.00
7.10
6.22
6.00
6.15
6.25
6.05
5.20
5.96 U
6.14
6.20
6.11
6.25
6.32
6.53
6.85 U
6.41
6.25
6.30
6.35
6.57
6.57
6.80
6.79
7.00
7.02
4.10
4.25
4.35
4.23
4.37
4.47
6.91
6.54
6.69
6.88
7.00
7.28
4.45
4.20
4.30
4.30
4.50
4.63
5.92
5.84
5.71
5.75
5.96
5.94
5.91
5.78
5.56
5.46 U
5.48
5.62
5.40
5.10
5.00
5.11
5.80
5.89
5.96
5.62
5.20
4.87
4.92
5.02
6.56
6.54
6.81
7.04
7.09 U
7,02
7.18
7.33 5/
7.30
7.22
6.93
6.77
Jane
July
3
,
1,
0
17.
24.
1
.
8.
15.
22.
29.
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.19
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23 5/
5.09
5.04
5.09
5.24
5.36
5.66
Aa new
corporate
bonds 2/
3.65
3.63
3.65
3.45
3.60
3.70
S. I. A.
new Aa
municipal
bonds J/
7.10
7.07
6.96
6.95 i j
8.06
8.08
8.10
8.11
8.13
8.15
n.a
.
5.30
5.25
5.37
5.33
1977
Aug.
5.20
6.91
6.96
6,96
6.99
7.01
Period
8.18
8.06
5.43
5.30
Sept.
9.09
9.08
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
Treasury
bonds 1/
Aa new
corporate
bonds 2J
7.04
7.07 5/
7.02
6.95
8.12
8.07
8.02
8.03
5.50
5.33
5.45
n. a
.
2....
9....
16....
23....
30---
6.90
6.90
6.94
6.95
6.97
8.04
8.04
8.08
8.14
8.17
5.45
5.08
5.40
5.03
5.19
6.68 Lj
6.66
6.77 U
7.05
7.01 U l /
6.86
5.28
5.19
5.26
5.09
4.94
4.97
6.89
7.11 U
7.28
7.29
7.21
7.17
4.99
5.11
5.22
5.02
5.04
5.13
5.22
5.40
4.98
4.98
5.14
4.97
6.93
6.92
6.88
6.73
7.01
6.92
5.19
5.25
5.42
5.61
5.89
5.92
8.32
8.21
8.60
9.04
9.39
9.59
10.18
10.30
10.44
10.29
9.22
9.47
S. I. A.
new Aa
municipal
bonds 3/
Aa new
corporate
bonds 2/
S. I. A.
new Aa
municipal
bonds 2/
1975
4.99
5.06
5.29
5.30
5.22
5.26
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
512....
19....
26....
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 currently 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 protec
Treasury
bonds 1/
1972
7.29
7.33
7.76
7.54
7.62
8.04
8.06
8.05
8.36
8.46
8.94
9.22
1970
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
Treasury
bonds 1/
S. I. A.
Aa new
corporate new Aa
municipal
bonds 2/
bonds 2/
series
1969
5.74
5.86
6.05
5.84
5.85
6.05
6.07
6.02
6.32
6.27
6.52
6.81
4.43
4.61
4.63
4.55
4.57
4.63
4.75
4.80
4.79
4.70
4.74
4.65
May...........
June..........
Aa new
corporate
bonds 2/
6.75
6.55
6.64
6.33
6.33
6.86
Period
1977
Oct.
7.....
21.....
28.....
9.17
8.84
9.48
9.81
9.76
9.27
9.56
9.71
9.89
9.54
9.48
9.59
1976
6.50
6.30
6.69
6.85
6.96
6.59
6.70
6.88
6.91
6.79
6.67
6.62
6.32
6.17
6.34
5.97
6.38
6.39
6.36
6.01
5.87
5.91
5.97
5.41
6.68
7.16 U
7.20
7.13
7.17
6.99 U
6.98
7.01 5/
6.94
7.08 ,
7.16 4/
8.97
8.71
8.73
8.68
9.00
8.90
8.76
8.59
8.37
8.25
8.17
7.90
1977
7.96
8.18
8.33
8.30
8.38
8.08
8.12
8.06
8.11
8.21
8.26
Treasury
bonds 1 /
Aa new
corporate
bonds 2/
6.85
6.82 4/
6.70
6.65
6.62 5/
6.38
7.01
7.09
7.11
7.12
7.17 l j
7.19
7.15
7.13
8.18
8.19
8.20
8.28
8.36
8.29
8.21
8.20
5.52
5.41
5.59
5.33
5.36
5.32
5.33
5.39
5.15
5.28
5.14
S. I. A.
new Aa
municipal
bonds j /
5.13
5.47
5.35
5.21
5.24
5.13
5.13
5.00
tion. 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 Japuary 1970.
i j One or more new long-term bonds added to the average.
5/ An existing bond dropped from the average,
n.a. Not available.
A V E R A G E Y I E L D S O F L O N G - T E R M T R E A S U R Y , C O R P O R A T E , A N D M U N IC IP A L B O N D S
I
VO
"Nl
>
<
>
O
W
d
cc
O
r
O
2
o
H
SI
W
o
d
03
1967
1968
1969
1970
1971
1972
1973
1974
1975
* C h a n g e in A a computation m e t h o d effective J u n e 1973. S e e footnote following table AY-1.
1976
1977
Treasury Bulletin
84
INTERNATIONAL FINANCIAL STATISTICS.
Tlio tablea 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.
all other foreigners, which are used in the United States
balance-of-payments statistics.
Table IFS-3 presents an area breakdown of United States
liabilities to official institutions of foreign countries.
Table IFS-1 shows the reserve assets of the United States,
including its gold stock, special drawing rights held in the
Special Drawing Account in the International Monetary Fund,
holdings of convertible foreign currencies, and reserve po
sition in the International Monetary Fund.
Table IFS-4 shows United States Treasury nonmarketable
bonds and notes issued to official institutions of foreign
countries.
Table IFS-5 sets forth the factors which affect the
United States position in the International Monetary Fund.
Table IFS-2 brings together statistics on liabilities
to foreign official institutions, and liquid liabilities to
Table IFS-6 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
End of
calendar year
or month
(In millions of dollars)
Gold stock 1/
Total
reserve
assets
Total 2/
(2)
(1)
Special
drawing
rights 2 /
Treasury
(3)
(4)
Convertible
foreign
currencies i j
(5)
195 7
195 8
195 9
196 0
196 1
196 2
196 3
196 4
196 5
196 6
196 7
196 8
196 9
197 0
197 1
197 2
197 3
197 4
.
197 5
197 6
1976-Nov..
Dec..
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 1 /
14,487
12,167 _
13,151 _£/
14,378 10/
15,883
16,226
18.747 11/
19,416 11/
18.747 11/
22,857
20,582
19,507
17,804
16,947
16,057
15,596
15,471
13,806 f j
13,235
12,065
10,892
11,859
11,072
10,206
10,487 ^
2/.
11.652 IQ/
11.652
11.599
11.598
11.598
11,598
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 2 /
11,567 IQ/
11,652
11,599
11.598
11.598
11.598
1977-Jan..
Feb..
Mar..
Apr..
May..
June.
July.
Aug..
Sept.
Oct..
.
Nov..
«
19,087
19,122
19,120
18,868
11/
11/
11/
11/
11,658
11,658
11,658
11,658
11,658
11,658
11,658
11,650
11,636
11,636
11,629
11,620
2.375
2.383
2,389
2.384
11/
11/
11/
U/
2,470 n /
2^486 tl /
372
262
261
106
95
92
18,927 11/
19,055 11/
18,988 11/
19,048 11/
19,155 11/
11,658
11,658
11,658
11.658
11.658
11.595
11.595
11.595
11.595
11.595
2,498 11/
2,483 11/
55
55
65
18
16
l/
2/
2/
ij
j
Sj
6/
2/
8/
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.
Includes gold held by the Exchange Stabilization Fund (ESF). see
"Account of the U.S. Treasury,” Table UST-3.
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.
Includes holdings of Treasury and Federal Reserve System,
The United States has the right to purchase foreign currencies equiva
lent to its reserve position in the Fund automatically if needed.
Under appropriate conditions the United States could purchase addi
tional amounts related to the United States quota. See Table IFS-5.
Reserve position includes, and gold stock excludes, $259 million gold
subscription to the Fund in June 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 posi
tion.
Includes gain of $67 million resulting from revaluation of the Ger
man 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, Table IFS-4.
Includes $28 million increase in dollar value of foreign currencies
revalued to reflect market exchange rates as of December 31, 1971.
See also footnotes 3 and 5, Table IFS-4.
2/
12/
iV
851
1,100
1,958 2 /
2,166 10/
2.374
2,335
2.395 13/
2,365 11/
2.395 n /
116
99
212
432
781
1,321
2,345
3,528
2,781
629
276
241
8
5
80
320
1,146
320
I’
M
2,548 11/
Reserve
position in
International
Monetary Fund
(6)
1,975
1,958
1,997
1,555
1,690
1,064
1,035
769
863 y
326
420
1,290
2,324
1,935
585
465 2 /
552 IQ/
1,852
2,212
4,434_y/
4,307 n /
4,434 11/
4,682 11/
4,819 U /
4,812 n /
4,720 11/
4,972 n /
4,920 IT/
4,716 11/
4,859 11/
4,776 UV
4,842 W
4,933 11/
Total reserve assets include increase of $1,016 million resulting from
change in par value of the U.S. dollar in May 1972, consisting of
$828 million total gold stock, $822 million Treasury gold stock, $155
million special drawing rights and $33 million reserve position in
the International Monetary Fund.
Total reserve assets include increase of $1,436 million resulting from
change in par value of the 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.
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 holdings 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):
U.S. reserve position
U.S. total
SDR holdings
reserves ,
(rert.L
1976-Nov.
Dec.
2,481
2,487
4,415
4,495
1977-Jan.
Feb.
Mar.
Apr.
May
June
2,487
2,487
2,487
2,475
2,565
2,572
2,572
2,578
4,783
4,904
4,885
4,779
5,031
4,964
4,738
4,921
19,023
19,212
2,581
2,586
2,597
4,831
4,829
19,135
19,091
4,906
19,177
July
Aug.
Sept.
Oct.
Nov.
19,640
18,900
19,300
19,311
19,291
19,018
19,349
19,286
85
December 1977
______ INTERNATIONAL FINANCIAL STATISTICS______
Table IFS-2. - U.S. Liabilities to Foreign Official Institutions
and Liquid Liabilities to All Other Foreigners
(in millions of dollars)
Liabilities to foreign countries
End of
calendar
year or
month
Total
(1)
15,825 2/
16,845 2/
19,428
1957...............
1960 IQ/............
f
\
20,994
21,027
1962 10/............
J 22,853
{ 22,936
f 24,268
\ 24,268
1963 10/............
I
1961 10/............
1964 2 0 / ............
1965...............
1966 2 0 / ............
1967 10/............
1968 10/............
1969 10/............
1970 2 0 / ............
1971 2 0 / 22/........
26,433
\ 26,394
I 29,313
I 29;364
29,568
f 31,144
\ 31,019
f 35,819
{ 35,667
/ 38,687
\ 38,473
/ 45,755 2 1 /
\ 45,914
/ 47,009
^ 46,960
f 67,681
{ 67,808
1972...............
1973...............
82,861
1975...............
1976 ..............
126,552
151,357
143,915
144,808
151,357
147,495r
14S,850r
151,668r
156,381r
I60,951r
163,543r
I68,799r
166,319
174,635
178,852
, 92,490 12/
[ 119,255
1974 2 0 / ............ \ 119,163
1976-Oct............
1977-Jan............
Feb............
June...........
Aug............
Sept. p........
(2)
Total
(3)
200
200
500
800
800
800
800
800
800
n.a.
n.a.
10,120
11,078
11,088
800
800
14,459
14,425
1.5,790
15^786
15,825
14,84b
14,895
18,201
18,194
17,407
17,340
800
800
834
1,011
1,011
1,033
1,033
1,030
1,030
1,019
1,019
566
566
544
544
_
-
-
_
-
_
-
_
_
-
_
_
-
11,830
11,830
12,948
12,914
Short
term
liabil ities
reported
by banks
in U.S.
Market
able U.S.
Treasury
bonds
and
notes j /
Nonmarket
able U.S.
Treasury
bonds and
notes i j
(6)
(5)
(4)
7,917
8,665
9,154
10,212
10,212
10,940
10,940
11,997
11,963
12,46*?
12,467
_
n.a.
n.a.
966
866
876
890
890
1,217
1,183
’ 1,125
1,125
1,105
860
860
908
908
13,224
13,220
13,066
12,484
12,539
14,034
14,027
11,318
11,318
-
200
200
751
751
766
766
1,283
1,283
1,534
583
583
1,452
1,452
529
462
15,975 H/11,054
15,998
11,077
23,786
19,333
23,775
19,333
51,209
39,679
39,018
50,651
61,526
40,000
66,861 12/43,923
53,072
76,816
53,079
76,823
80,712
49,530
91,976
53,619
49,156
80,964
87,879
49,409
91,976
53,619
92,760r 54,617
93,608r 54,910
96,655r 56,046
99,843r 57,531r
102,113r 58,260
103,656r 57,413
107,601r 60,059
56,810
108,134
56,780
111,195
59,798
117,039
5,236
5,701
5,059
5*059
6,671
11,788
11,027
11,367
11,788
9,431
9,534
169
M
19,976
(7)
_
-
_
_
9
9
35
.8
158
120
913
913
1,807
1,807
144
144
26,648
m
4,535
5,921
20,876
21,131
20,648
20,622
20,496
21,106
20,976
20,950
20,917
20,837
20,655
21,128
20,351
5,905
5,972
5,921
5,504r
5,477r
5,526r
6,106r
6,521r
6,981r
7,312r
7,580
7,690
8,286
2/
8/
2/
10/
11/
12/
13/
Federally-sponsored agencies, and private corporations.
6/ 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-."
3/
15,747
543
15,564 12/ 1,673
12,017
12,725
13,977r
15,230r
16,382r
18,345r
19,393r
23,089
25,597
28,604
Note: Table is based on Treasury Department data and on data reported
to the Treasury Department by banks and brokers in the United States.
Data correspond generally to statistics following in this section and
in the "Capital Movements" section, except for the exclusion of
nonmarketable, nonconvertible U.S. Treasury notes issued to foreign
official nonreserve agencies and the inclusion of investments by
foreign official reserve agencies in debt securities of t . . FedfS
erally-sponsored agencies and U.S. corporations. Table excludes
International Monetary Fund "holdings of doajLaxs,'* and holdings of
U.S. Treasury letters of credit and nonnegotiable noninterest-bearing
special U.S. notes held by other international and regional organizations.
1/ Includes liability on gold deposited by the International Monetary
Fund to mitigate the impact on the U.S. gold stock of foreign purchases for gold subscriptions to the Fund under quota increases,
and U.S. Government obligations at cost value and funds awaiting
investment obtained from proceeds of sales of gold by the Internnational 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.
Excludes notes issued to foreign official nonreserve agencies.
Includes long-term liabilities reported by banks in the United
if States and debt securities of U.S. Government corporations,
Other
readily
market
able
liabil
ities
3,219
2,341
3,219
2,341
3,070 13/ 1,505
3,070
1,505
3,452
695
3,452
695
346
346
306
295
1,955
1,955
p
Liquid
liabilities
to nonmone
tary in
Short
Market ternation
term
able U.S, al and re
gional or
liabil Gov't,
ganizations
bonds
ities
reported and notes 3 /
by banks 1 / 1 /
in U.S.
(12)
(11)
(10)
n.a.
2,252
764
n.a.
2,430
1,047
1,190
541
2,399
2,230
1,525
543
2,230
550
1,5a
516
2,355
1,948
516
2,357
1,949
2,161
2,565
448
2,565
448
2,195
Liquid liabilities
to other foreigners
Official institutions 2/
Liquid
liabilities
to IMF
arising from
gold trans
actions 1/
Liquid
liabil
ities
to
banks
6/
Total
(8)
(9)
3,472
3,520
4,678
4,818
4,818
5,404
5,484
5,346
5,346
n.a.
n.a.
2,940
2,773
2,780
2,871
2,873
3,013
3,013
5,817
5,817
3,397
3,387
3,046
3,046
7,271
7,303
7,419
10,116
9,936
11,209
11,085
14,472
14,472
3,730
3,753
4,059
4,271
4,272
4,685
4,678
5,053
4,909
23,638
23,645
17,137
17,169
10,262
10,949
4,464
4,589
4,676
4,604
4,138
4,141
14,666
5,043
5,932
8,803
8,912
10,701
13,569
12,319
13,282
13,569
33,384 13,432
33,116 14,141
32,816 14,101r
34,748r 14,077r
35,521r 14,626i
36,687r 15,016r
39,946 14,832r
35,789 15,240
40,362 15,664
38,703 15,713
17,694
30,314
30,106
29,516
37,329
37,012
35,416
37,329
3,354
3,377
3,587
3,743
3,744
4,127
4,120
351
341
376
376
472
528
528
558
558
1,960
1,965
1,722
1,722
1,431
906
905
691
677
4,444
4,444
3,939
4,064
4,029
4,039
3,691
3,694
609
465
525
525
647
565
447
447
725
722
4,618
5,502
425
430
498
498
1*626
2,003
3.322
701
977
927
970
977
5,623
£,483
7,620
8,231
8,483
7,919
7,985
8,096
7,713r
8,69lr
8,184r
6,420
7,156
7,414
7,397
l;2!
10,000
12,592
11,392
12,312
12,592
12,435
13,120
13,008
12,873
13,398r
13,620r
13,377
13,684
14,036
14,022
997
1,021
l,093r
l,204r
l,228r
l,396r
l,455r
1,556
1,628
1,691
659
663
844
846
1,528
1,523
3.322
Includes marketable U.S. Government bonds and notes held by foreign
banks.
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 " p of holder is not available.
ty e
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the, second
line are comparable to those shown for the following date.
Includes $101 million increase in dollar value of foreign currency
liabilities resulting from revaluation of the German mark in October
1969.
Data on the second line differ from those on the first line because
certain accounts previously classified as "official institutions"
are included with "banks"; a number of reporting banks are included
in the series for the first time; and foreign currency liabilities
to official 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; nonmarket
able U.S. Treasury bonds and notes, $103 million.
Includes $162 million increase in dollar value of foreign currency
liabilities to official institutions of foreign countries revalued to
reflect market exchange rates, as follows: short-term liabilities,
$15 million; and nonmarketable U.S. Treasury notes, $147 million.
Not available. r Revised.
Preliminary.
Treasury Bulletin
86
IMTPPWATTfiMiT
FINANCIAL
fi'TATTOT'TOfi
Table IFS-3. - U.S. Liabilities to Official Institutions of Foreign Countries, by Area
(In millions of dollars)
Total
foreign
countries
End of
calendar year
or month
(1)
14,425
15,786
15,825
1966 2 / ..................
1968 2 / ....................................
( »
^ 18,194
( 17,407
\ 17,340
1969 2 / ....................................
f
1970 2 / ....................................
}
<
}
<
Western
Europe
1/
(
2)
8,508
9,325
8,826
7.771
7.771
10,321
8,070
8,062
Canada
(3)
1,789
1,812
1,702
1.333
1.333
1,310
1,867
1,866
m
Latin
American
Republics
(4)
1,058
1,283
1,550
1,310
1^310
1,582
1,865
1,865
1,888
15911
23,786
23^775
51,209
50,651
61,526
66,861 6/
76,816
76,823
80,712
91,976
30,010
30,134
3.980
3.980
1,414
1,429
34,197
45,764 6/
44,328
44,328
45,701
45,882
4,279
3,853
3,662
3,662
3,132
3,406
1,733
2,544
4,419
4,419
4,448
4,906
1976-Oet.................
86,964
87,879
91,976
41,962
44,098
45,882
3,389
2,406
3,406
4,147
4,142
4,906
1977-Jan.................
Feb.................
Mar............... .
92,760r
93,608r
96,655r
99,843r
102,113r
103,656r
107,601r
108,134
111,195
117,039
45,954
46?13$
48,132r
49,288r
50,604r
53,344r
55,669*
57,743
60,718
64,969
3,197
2,844
2,684
2,752
2,798
2,700r
2,653
2,557
2,507
1,863
1971 2 / 2 / ................
1972.....................
r
1974 2 / ....................................
1976 ....................
July................
Aug. .................
Sept. p.............. .
Oet. p................
J
V
m
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 offi
cial nonreserve agencies; and investments by foreign official reserve
agencies in debt securities of U.S. Government corporations,
IFederally-sponsored agencies , and private corporations.
1/ Includes Bank for International Settlements and European Fund.
2/ Includes countries in Oceania , 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
Asia
C5)
2,740
3,028
3,309
3,900
3^955
4,428
5,043
4,997
m
m
14,519
13,823
17,577
10,887
18,619
18,626
22,551
34,108
Africa
(6)
154
160
194
278
278
250
259
248
Other
countries
2/
(7)
176
178
245
%
303
303
302
n
291
w>
415
415
777
&
871
870
788
3,161
3,161
2,983
1,893
2,963
3,025
2,627
2,627
1,897
1,781
2,4t>4
1,975
1,893
1,558
4,599
4,595
4,835r
4,398r
4,672
4,240
33,444
33,914
34,108
35,191r
36,109r
37,394r
39,486r
40,342r
39,835
1,757
1,770
1,628
1,883
1,821
1,938
2,062
2,154
l,982r
2,036r
1,876
l,599r
4,338
4,246
4,464
4,269
41,163
40,437
40,330
42,751
2,460
2 265
2?144
2,026
l,318r
886
1,032
1,161
1,781
coverage to those shewn for the preceding date; figures on the second
line are comparable to those shown for the following date.
j jj Includes $101 million increase in d l j y value of foreign currency
ojgp
liabilities due to revaluation of the German mark in October 1969.
jj/ 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
♦ of December 31, 1971.
as
6/ Includes $162 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary, r Revised.
87
December 1977
_______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
calendar
year of
month
1966......................
1968......................
1070......................
1972.....................
1976......................
1976-Nov..................
Dec..................
1977-Jan..................
Feb..................
Mar..................
Apr..................
June.................
July.................
Sept.................
Oct..................
Nov..................
Total
Total
(2)
(1)
251
893
163
1,440
354
1,692
484
695
353
516
1,563
1,692
3,330
3,1814/ 1,431
r
3,563 I 2,480
9,657 J
5/ 7,829
15,872 i 14,333
I
15,669 6/ 14,210
14,867
16,339
19,976
18,377
20,648
19,102
19,552
21,131
20,648
19,102
20,622
19,102
20,496
19,002
21,106
19,645
20,976
19,542
20,950
19,542
20,917
19,542
20,837
19,489
20,655
19,339
21,128
19,839
20,351
19,089
19,252
20,462
Belgium
(3)
_
Canada
1/
(4)
.
125
329
299
144
314
1,334
1,129
2,289
2,640
2,840
2,540
2,540
2,100
1,650
1,800
1,650
-
-
32
32
32
32
20
_
_
-
1,650
1,550
1,550
1,550
1,550
1,550
1,550
1,400
1,400
-
-
650
550
Denmark Germany
(6)
(5)
_
_
_
-
_
_
5,000
11,315
11,670
12,327
16,277
16,879
17,179
16,879
_
20
_
_
_
_
-
16,879
16,879
17,522
17,419
17;419
17,419
17,366
17,366
17,866
17,866
17,866
V 0*
(7)
_
13
_
160
184
177
146
135
25
22
22
_
_
_
_
_
_
-
Japan
(S)
_
Korea
(9)
-
-
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
_
15
15
15
15
15
•
_
_
-
Sweden
Switzeiv
land
Taiwan
Thailand
(10)
_
25
25
25
25
25
25
_
(11)
(12)
_
_
_
_
_
20
20
20
20
20
_
_
_
-
(13)
_
_
_
_
100
100
100
100
100
-
_
_
_
_
_
_
_
_
_
-
_
_
-
_
573
573
573
_
_
_
_
_
-
_
_
-
_
-
300
_
_
_
_
-
_
_
_
_
_
-
573
573
573
573
573
573
_
_
_
_
-
_
_
_
573
573
573
573
536
“
-
_
_
-
_
_
_
_
_
_
_
_
-
Payable in foreign currencies
End of
calendar
year or
month
1977-Jan.................
Feb.................
Mar.................
Apr.................
May.................
June.................
July.................
Aug.................
Sept.................
Oct.................
Nov...................
Austria
(U)
1962.....................
1963.....................
1964.....................
1965.....................
1966.....................
1967.....................
1968.....................
1969.....................
1970.....................
1971.....................
1972.....................
1973.....................
1974.....................
1975.....................
1976.....................
1976-Nov.................
Dec.................
Total
(15)
251
730
1,086
1,208
342
1,047
1,638
1,750 y
1,083
1,827 5/
1,539
1,459 &
1,472
1,599
1 546
1,579
1,546
1,520
1,494
1,461
1,434
1,408
1,375
1,348
1,315
1,289
1,262
1,210
_
50
50
101
25
50
50
Belgium
(16)
_
30
30
30
30
60
_
_
_
_
_
_
_
Note: For further information, see "Public Debt Operations," Tables
rfX)-8 and 9
.
2/ 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.
2/ 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
_
_
_
_
_
Germany
3/
(17)
_
275
679
602
50
601
1,051
1,084 y
542
612
306
Italy
(18)
200
200
125
125
125
226
125
_
_
_
_
_
_
_
“
~
“
_
_
_
"
~
“
“
~
“
~
“
Switzerland
(19)
51
175
257
257
111
211
311
541
541
1,215
1,233
1,459
1,472
1,599
1,546
1,579
1,546
1,520
1,494
1,461
1,434
1,408
1,375
1,348
1,315
1,289
1,262
1,210
Bank for
International
Settlements
(20 )
_
_
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 IFS-1.
Jt/ Includes an increase in dollar value of $84 million resulting from
revaluation of the German mark in October 1969. See also footnote 7,
Table IFS-1.
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 IFS-1.
6/ Includes $15 million increase in March and $132 million increase in
April in dollar value of foreign currency obligations revalued to
reflect market exchange rates.
Treasury Bulletin
88
_ _ _ INTERNATIONAL FINANCIAL STATISTICS _____
Table IFS-5. - U.S. Position in the International Monetary Fund
(In millions of dollars)
Transactions affecting IMF holdings of dollars
during period
U.S. transactions with IMF
Calendar year
or month
1946-58.................
I960...................
1962...................
1966...................
1968...................
1971...................
1976-Nov.................
Dec.................
1977-Jan.................
Feb.................
June................
July................
Pay
Net
ments of gold
sub
sales
scrip
tion in by IMF
dollars(l
(2)
600
2,063
1,031
150
776
22
1,155
712 2/
*
541 £/
754 £/
- _
10
-
Net
borrow
ings by
IMF 2/
(3)
_
-
Trans
actions
in
foreign
curren
cies 2/(4
525
435
680
-84
150
1,362
200
-133
-
_
_
_
.
_
_
_
-
-
392
153
-
-
_
_
_
_
_
99
21
_
_
125
-
“
-
Oct
-
_
-
Transactions by
other countries
with IMF
IMF net
income
in
Purchases
dollars of
dollars 4/
(5)
()
6
-2,922
-47
2
-139
11
-149
16
-822
17
-110
16
-194
18
-282
12
-282
15
-159
20
-114
20
-806
19
-1,343
25
-854
-28
-24
Repur
chases
doftr
1,098
442
580
521
719
207
5
1
268
741
40
-47
Total
change
(8)
792
1,336
442
-135
626
29
266
165
1,313
-94
—870
-1,034
1,929
1,350
694
721
-1,265
-466
-2,214
Amount
29
52
62
59
74
75
81
85
94
92
75
55
71
91
94
93
78
72
44
an
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
552
1,852
2,212
4,434
45
44
46
44
44
46
44
45
4,307
4,434
4,682 10/
4,819 20/
4,812 20/
4,720 20/
4,972 10/
4,920 20/
48
47
49
49
48
4,716 20/
4,859 10/
4,776 10/
4,842 2 0 /
-133
-6
-285
-109
90
35
-328
-80
3,668 9/
3,587 %/
-7
-132
-5
-7
-137
-7
-513
-47
-231
-635
104
-121
20
1
05-99
67
3,691 V
3,570 2 /
3,590 2/
3,695 2 /
3,596-2/
3,663 9/
-6
-153
-9
-6
-152
-53
-188
133
56
4
113
116
709
285
1£9
99
8
122
226
-57
90
2
-77
3,889 9/
3,832 |/
3,922 2 /
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 $8,083 million
in October 1973 as a result of changes in the par value of the dollar.
Under the Articles of Agreement, subscription payments equal to the
quota have been made 2$ 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 j Represents net loans made to the IMF under the General Arrangements
to Borrow.
2/ Positive figures represent purchases from the Fund of currencies of
other members for equivalent amounts of dollars; negative figures
represent repurchases 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' holdings of dollars exceed
s
75 percent of the U.S. quota. Purchases of dollars by other
countries reduce the U.S. commitment to repurchase by an equivalent
amount.
t j Beginning January 1970, includes dollars obtained by countries other
than the United States from sales of gold to the Fund.
5/ Represents the United States gold tranche position in the Fund (the
United States quota, plus net U.S. loans to the IMF, minus Fund's
holdings of dollars), which is the amount that the United States could
purchase in foreign currencies automatically if needed. Under
appropriate conditions, the United States could purchase additional
amounts related to the United States quota.
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.
Represents amount payable in dollars to the Fund to maintain the
value of Fund holdings of U.S. dollars.
2/
ao>
-1,073
-442
-2,078
_
Percent
of
U.S.
quota
U.S.
reserve
position
in IMF
at end of
period
(9)
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
6,265
5,800
3,587
-33
-59
-219
-572
-47
-,
195
426
IMF holdings
of dollars at
end of period
3 ,9 2 4 8 /
3,847 2 /
4,933 20/
2/ Excludes currency valuation adjustments for each month as follows
(in millions of dollars):
Payable to
the U.S.
1976-No v
Dec.................
15
-
1977-Ja n
29
Feh............................. Mar........ ........ ............Apr...... .......... ............ May............................. 4
June................ ............ July.................
-
Payable to
the IMF
34
10
9
9
15
18
Aug.................
29
Sept..... ...........
5
Oct.................
57
Nov.................
67
10/ Includes valuation adjustments on net borrowings by the IMF due to
changes arising from fluctuations in the dollar value of the IMF's
unit1 of account (SDR), for each month as follows (in millions of
dollars):
Increase or
Decrease C-)
1977-Jan.............
Feb.............
Mar,.... ••••••••••
Apr.............
May.............
June........... ..
*
r
July............
Aug.............
Sept.............
Oct.............
Nov........... .
Less than $500,000.
Revised.
3
-5
1
9
2
89
December 1977
iNTF.RMATTfWJAT.
FINANCIAL STATISTICS,
Table IFS-6. - Weighted-Average of 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
Currencies of 46 main
trading countries 2/
Currencies of
OECD countries 2/
-8.2
1976-Nov.................................
D§5.................................
1977-Jan.................................
Feb.................................
Mar.................................
Oct.................................
Nov. p...............................
—4*8
-9.4
-14.6
-16.0
-4.9
-9.6
-9.6
-10.9
-10.3
-8.2
-10.3
-9.6
-9.0
-9.3*
-9.8
-9.7
-10.3
-10.2
-9.5
-9.7
-10.6
-11.5
—4.6
-1.0
2/ This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign curren
cies, in order to provide a measure of changes in the dollar’ general
s
foreign exchange value broader than a measure provided by any single
exchange rate change. Calculations are provided 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 sach weights do not provide a full
measure of individual currencies1 relative importance in U.S. inter
national 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 cm U.S. international
transactions.
Exchange rate data used in constructing the indices reported here differ
somewhat from those used in earlier calculations to more accurately
reflect end-of-period currency values.
The equations used are as follows:
Equation one is used to calculate a trade-weighted average of changes
in the dollar cost of foreign currencies:
(EQ1)
Em * Z(A$/£ci * Mi/ZM)
Where:
is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
A$/fcj[ is the percent change in the dollar
cost of foreign currency i; and
Mj/EM is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
+0.9
-1.0
+0.1
+0.7
+0.6
+0.3
+0.7
+0.4
+0.5
+1.2
+1.1
+0.8
+0.8
(EQ2)
Ex * E(AfCi/$ * Xi/ZX)
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
Xi/ZX 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 import-weighted
averages to provide an overall measure of exchange rate change:
(EQ3)
E = [(Em * m/m+x)*(-l)] + fEx * 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.
2J Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France
Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
2 / The currencies of 46 IMF member countries which account for approximately
90# of U.S. total trade,
p Preliminary.
Treasury Bulletin
90
.CAPITAL MOVEMENTS
Background
Data relating to capital movements between the United
States and foreign countries have been collected since 1935,
pursuant to Executive Order 6
of January 1?, 1^34, Execu
tive Order 100 >3 of February 3, 1°4°, and Treasury regulations
promulgated thereunder. The regulations were amended in Jan
uary 1977 to acknowledge the effects of the International In
vestment Survey Act of 1^76 which provides additional authority for the collect*on of data on international capital flows
and international Investment. Statistics on the principal
■types of data and the principal countries are published montlvly 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, I W . The report forms (for
merly Treasury Foreign Exchange Forms) were redesignated In
January !P77 as Treasury International Capital Forms. 1/
"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.
transactions below specified exemption levels are exempt from
reporting.
As described belcw, exemption levels were changed
in some instances beginning with reports filed as of September
30, 1977.
Banks file reports
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.
Institutions
which have total reportable liabilities, claims or securities
monthly covering their short-term
and long-term liabilities to,
Twice a year they
and claims on,
foreigners.
also report their short-term dollar lia
bilities to foreigners in countries not shown separately on
the monthly report of liabilities.
The specified exemption
level applicable to the monthly reports is based on the aver
age for the report dates during a six-month period, including
the current report date.
Beginning with reports as of Sep
Basic definitions
tember 30, 1977, the specified
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.
to $2 million. Previously, this exemption level was $500,000.
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."
exemption level was changed
Banks, securities brokers and dealers, and in some in
stances, nonbanking concerns, report monthly their transac
tions in securities with foreigners; the applicable exemption
level is $500,000 on the grand total of purchases and on the.
grand total of sales during the month covered by the report.
Quarterly reports are filed by
industrial and commercial
exporters, importers,
concerns, financial institutions
other than banks and brokers, and other noritrnking firms if
their liabilities or claims, on thesix-monthslaverage basis,
are $2 million or more.
Prior to the reports due as of Sep
tember 30, 1077, the applicable exemption level was
These firms also report the liquid portion
Tor each month-end when they
million or more.
This
$500,000.
of their claims
have reportable
claims of $2
exemption level was raised from $1
million beginning with the reports due as of September 30,
1 '77.
Description of statistics
Data collected on the Treasury International Capital
Forms are published in the "Treasury Bulletin" in fivesections. Each section contains all the data relevant to the
same statistical series, with tables showing time series by
type and country, and the detailed breakdowns of the latest
available data.
91
December 197 7
.CAPITAL MOVEMENTS
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, are included.) The data
also exclude U.S. Treasury letters of credit, and nonnegotiable, noninterest-bearing special notes of the United States
held by international and regional organizations.
Section II presents the short-term and long-term claims
on foreigners reported by banks in the United States, including
claims held for their own account and for the account of
their domestic customers. The data exclude convertible for
eign currencies held by U.S. monetary authorities.
Sections III and IV show respectively the liabilities
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 aftd* 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 19&9, transactions between foreigners in new issues
not offered for sale to United States residents but managed
by underwriters in the United States are excluded from the
gross figures.
The data published
in these sections do not cover all
types of reported capital movements between the United States
and foreign
intercompany
countries.
The principal
capital transactions
exclusions
are the
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.
data on all types of
the Department
Consolidated
capital transactions are published by
of Commerce in
its regular reports on the
United States international transactions.
1/ Copies of the reporting forms and instructions may be obtained from the Office of Statistical Reports, Office of the Assistant Secretary for Economic
Policy, Department of the Treasury, Washington, D. C. 20220 or from Federal Reserve Banks.
Treasury Bulletin
92
.CAPITAL MOVEM ENTS.
Section I - Liabilities to Foreigners Reported by Banks in the United States
Table CM-I-1. - Short-Term Liabilities by Type of Foreign Holder
(In millions of dollars)
Foreign countries
Official institutions 1/
Total
(1)
End of
calendar year
or month
Total
short
term
liabili
ties
(2)
Total
Payable
in
dollars
Payable in dollars
Payable
in
foreign
Banks
currencies
( 6)
195 8
15,367
14,615
(3)
? , W
8,665
195 9
196 0
17,261
18,701
16.231
17,260
9,154
10,212
9,154
10,212
19615/....
’20,015
20,098
18,699
18,781
10.940
10.940
10.893
10.893
1962 5/....
‘21,958
21,958
.
*22,877
19,908
19,874
21,330
11,997
11,963
12,467
11,949
11,915
12,437
1964 2 / ---
25,467
25,518
23,849
23,900
13,224
13,224
13,220
.
24,072
13,066
1966 5/---
12,484
12,539
13,066
11,968
12,022
1967 5/.....
26,343
26,21*
29,370
29.232
196 8
30,234
14,034
14,027
11,318
13,882
13,876
10,855
463
15,337
15,205
18,916
T O 7 ;~ : ~
"
196 3
196 5
1 3 , 6 4 1 ....
.
13,220
(4)
*,9l7..
8,665
International and regional
Banks and other foreigners
(5)
5,724
5,950
(7)
3,413
3,460
Payable
in
Other
foreign
foreigners currencies
(8)
(9)
2,252
59
2,430
59
2,398
77
7,076
4,601
7,047
4,705
46
46
7,759
7,841
5,299
5,380
48
48
7.911
7.911
8,863
5.251
5.251
5,713
2.564
2.564
3,046
10,625
10,680
7,153
7,213
11,006
13,859
13,680
30
517
517
152
152
Total
(10)
742
752
1,031
1,442
IMF
gold
invest
ment 2/
( 11)
200
200
500
Non
monetary
interna
tional and
regional
*
« 2)
542
552
691 k f
531
751
613 U
613 U
800
800
704
704
1,250
1,284
104
1.317
1.317
2,050
2,084
1,547
3,354
3,376
118
90
1,618
1,618
800
800
818
818
7,360
3,587
10,023
9,864
11,132
11,008
3.743
3.743
4,128
59
93
72
1,479
1.381
1.381
679
581
581
4,120
77
77
1.287
1,273
800
800
800
800
800
14,298
4,444
173
1,483
800
683
2,230
2.356
2.357
W
104
104
95
95
739 U
487
473
1969 5/....,
40,040
40,199
38.631
38,786
11,054
11,077
10,851
10,874
202
202
27,577
27,709
23,412
23,419
3,939
4,064
226
226
1,409
1.413
800
800
609
613
1970 1/.....
41,719
41,761
40,499
40,541
19.333
19.333
19.184
19.185
148
148
21,166
21,207
16,917
16,949'
4,029
4,038
220
1,221
1,221
40
0
40
0
821
821
55,404
^ 55,428
60,697
53.632
53,661
39,521
39,679
39,018 £/ 38,854 £/
4 ,0 0
0 0
39,829
43,796
43,923
158
165 2 /
171
127 £/
13,954
10,034
,> 2
14,643 6/ 10 7 1 y
14,340
19,284
23,196
17,224
3,692
3,694
4,618
228
228
325
1,772
1,767
40
0
5,503
469
1.413
1,955
1,413
1,955
127 £/
127 £/
29,676
29,467
28,966
8,304
8,414
639
639
3.171
3.171
3.171
3.171
5,293
5.450
5,293
5,088
5,506
5.450
5,088
5,506
5.450
4,625
3,918
4,283
5.287
6,557
5,728
3,834
4,217
3,555
3,396
4,625
3,918
4,283
5,287
6,557
5,728
1971 5/....,
197 2
197 3
f
.
69,074
f
59,284
67,119
91,691
91,600
,
.
94,862
94,771
94,338
108.990
1976-Oct...
Nov..
.
Dec...
1977-Jan..
.
Feb...
Mar...
Apr...
May...
June*.
1974 5/.....
197 5
197 6
July,.
Aug...
Sept.p,
Oct. p.
1/
2/
2/
U
y
220
52,945
52,952
89,046
53,072
53,079
49,530
49,530
38,619
38,520
39,515
10,000
549
103.540
53.619
53.619
49.921
36.610
12.592
719
102,647
102,642
108.990
97,560
97,137
103.540
48,404
47,728
49.921
45,820
46,236
11,391
12,312
12.592
100,436
101,146
101,870
105,152r
107,179r
107,720r
32,656
32,307
12,436
13,120
13,008
48,918r
50,307*
34,875r
36,025r
M r
13,620r
762
776
719
728
809
858
805
647
117,216
113,382
106,283
111,178
112,523
49,156
49,409
53.619
54,617
54,910
56,046
57,531r
58,260
57,413
60,059
56,810
56,780
59,798
36,250
34,640
36.610
105,061
105,064
106,152
110,439r
113,735r
U3,448r
49,156
49,409
53.619
54,617
54,930
56,046
57,532r
58,260
57,413
60,059
56,810
56,780
59,798
53,323
49,473
54,398
52,724
39,001
34.937
39,650
37.937
13,376
1 1 0 ,4 9 9
114,733
115,919
Includes Bank for International Settlements and European Fund.
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.
frincipally the International Jank-for Reconstruction and Development
and the Inter-American Development Bank, Includes difference between
cost value and face value of securities in IMF gold investment account
($14 million at end 1971).
In addition, IMF gold investment included investments in U.S. Govern
ment bonds and notes which amounted to $109 million at end I960, $187
million at end 1961, and $61 million at end 1963.
Data on the two lines shown for this date differ because of changes
m
,
ft)
14,021
662
712
767
400
1,372
1,367
5.450
3,834
4,217
3,555
3^396
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*
y 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
toe series for the first time.
2 / S e c o n d line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
Dec. 31, 1971.
y
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates,
p Preliminary,
r Revised.
December 1977
93
.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
(In millions of dollars)
6ffio la l in s iltvrEions 1/
Banks and other foreigners
Payable in dollars
Payable in dollars
End of
calendar
year
or month
Total
foreign
coun
tries
Deposits
Demand
()
1
t w r:;.,
1 9 5 8 _____
1 9 5 9 .....
196 0
1961 i / . ,
(2 )
TT & T
14,615
16,231
17,260
6 . ,699
8
118,781
(3)
3,059
3,511
2,834
3,038
3.389
3.389
4,24^
4,392
5,738
6,193
Payable
Other
in
short
foreign
term
cur
liabili rencies
ties 2/
(5)
612
762
582
982
1.092
1.092
1,402
3
1 9 6 4 1 /.,
1 9 6 5 .....
1966 1 / . ,
1967
2 /.,
1968..... .
1969J/....,
\23,900
24,072
26,343
26*219
1
29,370
29,232
30,234
1970 1/...., )38,631
08,786
1971 2 / M - MO,499
UO,541
197 2
. p3,632
197 3
. \53j661
1974 1/--197 5
197 6
1976-Oct.
Nov....
Dec....
59,284
67,119
191,691
\9i;600
89,046
103.540
97,560
1977-Ja____n 97,137
Feb.
103.540
Mar.
100,436
Apr.
101,146
May.
June.. 101,870
.
105,152r
July... 107,179r
107,720r
Aug.
Sept.p.
Oct. p 113,382
.
106,283
111,178
112,523
2/
2J
1/
ij
(6 )
1.591
1.591
1,535
1,679
1^679
2.054
2.054
2,149
1,918
1,930
1,652
1,652
1,620
1*3274/
2,451
2,820
2,816
2,862
2,612
2^668
2,462
2,458
1,899
7,548
7.554
7.554
7,186
1,036
1.259
1.259
1,483
1,361
1*360
7.985
7.985
5,486
1,380
1,378
1,321
1.591
2,125
2,951
2^951
2,951
3.844 2,139
2,942
3.844 2,158
2.554 13.367 1,612
13.367 1,612
2.554
2,504. 32,311 3,086
2,039J*/32,311 3,177
2,880 31,453 3,905
3,911 31,511 6,248
34.656 11,081
34.656 11.178
2,644
3.394
3,423
2.321
34,199 9,264
37.725 10.179
2,706
2,685
3.394
2,159
2,167
2.321
2,931
2,488
2,406
2,408
2,638
2,747
2,676
2,705
3,642
2,266
2,335
2,441
2,506
35,298
34,706
37.725
38,081
39,559
40,399
41,508
42,197
41,322
3,122
2,248
1,984
1,898
3,133
2,990
2,401
41,926
39,825
40,780
43,370
8,993
9,850
10.179
11,117
10,537
10,744
10,941r
10,947
10,880
12,090
11,615
10,882
11,540
Banks
Deposits
Demand
Time
(7)
*(8)
-
2 / ^37
_
3,017
3,369
-
4,210
-
46
46
8
2/.,
1962
196
Time
1/
U.S.
Treasury
hills and
certifi
cates
(4)
30
_
517
517
152
152
463
4,854
4,917
>78
>78
4,102
8
5,006
5,027
4,941
m
7,933
7,763
10,374
202
202
148
148
16,745
16,756
12,376
12,385
7,047
158
165 5/ 3,399A/
4,658
171
127 £/ 6,9a
8,248
127
127
8,231
-
-
_
_
_
-
_
-
-
Other foreigners
Deposits
Other
U.S.
Treasury short
term
Time
bills and liabili Demand
2/
certifi ties 2/
cates (9)
( )
12
11
(10 ) ( )
158
518
1 ,166
312
1,951
131
492
740
1,833
76
419
1,849
1,976
43
402
420
1,977
43
S
838
88
68
142
142
704
1,039
1,077
113
1,406
m
I’
M
1,142
1,142
1,273
129
129
30
1,927
1,973
2,621
1,988
1,999
20
20
4,658
4,644
1,709
1,711
1,811
1,935
1,326
14
14
3*197
3,202
1,688
1,6 88
1,886
8
8
2,130
1,354
850
3204 f
7,534
9,104
l,87$r
2,297*
335
119.
8,361
8,897
9,104
8,475
9,385
8,392
8,726r
9,782
9,565r
l,884r
l,679r
2,297r
2,089r
l,825r
l,769r
l,698r
l,748r
2,124r
173
124
119
Includes Bank for International Settlements and European Fund.
Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those liabilities bf 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 whicty were previously reported as
966
1,257
1,271
1,594
m
11
232
232
8,928
9,678
9,681
%
1,493
1,523
li531
1,574
1,513
1J513
1,693
1,693
1,797
967
967
900
405
529
1,911
1,910
10,136
i’
J
1,826
1,865
1,861
1,891
j
>/
£/
p
5
122
102
108
104
108
100
144
112
121
121
1,660
6,995 A/ 1,660
9,272
1,955
9,743
2,143
19,285
2,729
2,729
19,094
19,224r 3,248
25,089r 4,015
25,832r
23,941r
25,089r
21,969r
20,996r
21,688r
23,414r
23,236r
24,236
26,895
24,033
27,990
26,244
3,335
3,943
4,015
3,741
4,091
3,868
3,803
4,111
3,790r
3,595
3,751
3,870
4,056
Other
U.S.
Treasury short
bills and term
certifi liabili
cates ( ) ties 2^ )
13
278
(15)
149
149
116
116
352
352
59
59
77
113
104
104
95
95
119
72
72
87
469
502
503
332
104
118
90
59
306
295
148
209
174
270
233
Payable
in
foreign
cur
rencies
230
230
1;8?
8
in
8
2,052
2,054
2,199
81
81
302
292
362
77
77
173
312
312
226
226
1^895
1,663
1,666
2,116
2,359
3,796
3,744
4,823
6,524
5,965
6,461
6,524
6,636
6,877
6,996
7,065
7,198t
7,2941
7,453
7,490
7,628
7,599
86
107
107
i3i
131
96
96
325
274
271
65
481
277
277
933
1,502
1>4
325
469
639
639
325
198
1,604
1,854
549
719
267
209
198
1,824
1,700
1,354
183
229
1,876
1,924
1,896
1,804
l,908r
2,370r
2,177
2,116
2,133
762
776
719
728
809
858
805
647
662
68
248
201
180
167
151
328
404
345
2,021
220
220
228
228
945
851
712
767
deposits are included in "Other short-term liabilities"; certain
accounts previously classified a3 "official institutions" are i t
icluded with " banks"; and a number of reporting banks are included in
the series for the first time.
Second line includes $7 million increase in dollar value of foreign
currency obligations revalued to reflect market exchange rates as of
December 31, 1971.
Includes $15 million increase in dollar value of foreign currency
liabilities revalued to reflect market exchange rates.
Preliminary.
Revised.
Treasury Bulletin
94
______________________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)
Nonmonetary international and regional organizations 2/
End of
calendar year
or month
Total
international
and regional
(1)
74*
752
IMF gold
investment:
U.S. Treasury
bills and
certificates 1/
(2)
2 0 --0'
200
Deposits
Demand
(3)
209
76
1965......................
1967 £/...................
f
^
Other
short-term
liabilities
(5)
496
(6)
219
2,050
2,084
800
800
739 i j
800
66
1,479
1,381
1,287
1,273
800
800
800
800
42
56
67
67
70
343
449
532
354
540
568
500
691 y
613 U
1,547
1,618
f
^
(4)
>0
'
1,031
1,442
1,317
1961......................
Time 2/
U.S. Treasury
bills and
certificates
294
572
572
384
207
215
2
*
Payable
in
foreign
cur
rencies
(7)
-
6
*
-
55
138
145
138
-
-
-
139
124
120
231
170
212
178
178
173
118
107
_
-
200
314
266
1,483
e/
f
^
800
68
113
394
108
-
1,413
1,221
1969 1/...................
800
62
69
244
211
224
381
-
400
400
400
73
73
83
159
192
192
211
211
896
892
-
86
202
326
800
101
83
111
148
296
1,474
2,424
2,443
2,250
8
5
1,468
1,415
2,250
4
4
5
1,335
680
1,092
2,108
3,233
2,811
1,352
1,900
1,300
2,255
4
6
3
3
6
13
15
38
32
20
1,772
1,767
1,413
1,955
3,171
1976......................
5,293
5,450
-
139
139
290
_
1976-Oct..................
5,088
5,506
5,450
1977-Jan..................
Feb..................
Mar..................
Apr..................
4,625
3,918
4,283
5,287
6,557
5,728
.
-
3,834
4,217
3*555
3,396
—
Sept.p ...............
Oct. p................
497
205
2,554
2,701
256
287
290
166
216
203
119
172
228
I64
196
205
230
237
241
207
167
156
3,196
3,604
2,701
2,890
2,779
2,743
2,849
2,977
2,521
122
154
147
134
146
2,191
1,990
1,875
802
142
214
173
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 termina
tion of investment, the same quantity of gold was reacquired by the
International 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 differences between
cost value and face amount of securities in IMF gold investment
account.
*
-
1/ Time deposits exclude negotiable time certificates of deposit, which
are included in "Other short-term liabilities."
4/ In addition, IMF gold investment included investment in U.S. Gov
ernment bonds and notes which amounted to $109 million at end I960,
$187 million at end 1961, and $61 million at end 1963.
1/ Data on the two lines shewn for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
*
Less than $500,000.
p
Preliminary.
95
December 197 7
.CAPITAL M OVEM ENTS.
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)
1977
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.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
Canada.............
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Ecuador...................
Mexico....................
Panama....................
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 2/......
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...................... .
Lebanon..................... .
Malaysia....................
Pakistan....................
Philippines...............
Singapore...................
Syria......................
Tnailand......................
Middle-East oil-exporting countries V
Other Asia..................
Total Asia.
Africa:
Egypt.................
Ghana.................
Liberia................
Morocco................
South Africa............
Zaire.................
Oil-exporting countries .
.
Other Africa............
Total Africa.................
Other countries:
Australia................... .
All other....................
Total other countries......... .
Total foreign countries......... .
International and regional:
International... .............
European regional. I...........
Latin American regional....... .
Asian regional............... .
African regional............. .
Total international and regional.,
Grand total................. .
607
2,506
369
266
4,287
9,420
248
2,617
3,234
607
2,506
369
266
4,287
9,429
310
1,138
9,986
152
7,559
183
4,073
55
82
151
310
382
1,138
10,139
152
7,584
183
4,073
55
82
151
48,667
3,517
48,813
3,520
1,040
382
248
2,577
3,234
1,040
May
1976
1975
1974 1/
754
2,898
332
391
7,733
4,357
284
1,072
3,411
996
195
426
2,286
8,514
118
6,886
126
2,970
66
40
134
43,988
348
2,275
363
409
2,641
974
422
242
4,875
5,965
403
3,206
3,007
785
239
561
1,693
9,458
166
10,004
188
2,672
77
51
178
46,938
4,921r
4,825
409
3,509
3,111
999
238
586
2,431
8,436
102
2,136
60
66
112
47,505r
4,784
4,8
1,147
1,827
1,227
317
417
122
1,770
510
272
107
165
3,413
1,087
116
449
158
___ 24
11,754
120
2,066
1,099
244
131
172
3,289
1,245
170
1,311
129
26
14,942
19,026
21,088
50
818
530
261
1,221
389
10,931
384
126
63
91
747
245
7
333
4,623
313
21,130
123
1,025
623
126
369
386
10,218
390
117
77
74
698
256
26
252
6,461
317
21,539
47
989
892
648
340
391
14,380
437
140
396
189
627
280
35
275
8,073
332
28,472
103
18
39
38
103
18
39
38
130
130
84
2,814
326
84
2,814
326
343
23
53
68
169
63
2,239
416
3,551
3,551
2,742
2,742
89
2,831
'91,600
488
272
107
147
3,413
1,087
116
379
158
___ 24
12,038
50
818
530
261
1,221
386
10,897
384
126
63
91
747
245
7
333
Mg
2,900
25
2,900
25
202
202
43
1
43
1
3,171
6
1,538
2,750
1,432
335
1,017
6
319
2,848
1,140
257
167
245
3,095
1,595
177
1,874
140
90
465
2,704
1,178
258
m
556
4,636
3,545
July
Aug.
455
2,822
1,154
209
4,745
4,937
573
5,422
3,397
1,203
222
642
6,295
3,088
1,023
191
714
2,734
9,750
111
11,065
130
1,908
52
68
110
51,430
52,801
4,934
1,971
2,744
1,175
432
1,172
2,420
3,772
1,055
340
1,182
8
322
2,764
984
219
63
4,456
4,631
4,491
1,754
5,518
1,398
373
1,220
2,022
4,283
1,233
353
1,164
6
337
2,790
954
273
54
230
2,887
1,763
171
2,663
180
51
21,412
2,187
5,940
1,096
342
1,152
6
396
2,797
947
288
1,699
3,777
1,357
393
1,196
7
316
2,832
941
224
204
234
2,478r
1,856
100
50,604
6
321
2,779
207
___ 47
19,958r
20,786r
23,038
472
118
591
129
634
336
25
275
10,447
456
44
1,196
931
814
282
547
12,387
534
128
571
130
614
309
23
257
9,283
407
49
T1,259
1,028
746
782
484
12,837
633
134
447
260
653
294
22
29,933
333
27
77
88
143
35
1,116
481
3,373
2,014
114
2,128
89,046
94,771
448
2,667
1,172
248
4,799
4,289
629
5,770
3,216
1,190
173
723
2,483
9,920
93
11,426
119
1,839
66
53
108
1,963
9,162
101
11,250
125
1,973
59
88
2,475
215
58
Data in the two columns 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.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
498
2,691
1,032
217
4,894
4,413
709
5,538
3,328
1,140
169
543
1,782
9,386
203
l ’M
667
2,390
9,323
127
10,701
115
2,009
66
73
96
49,627
2,869
1,015
241
66
242
2,532
1,851
218
3,219
158
39
5,064
7
187
34
1
Sept. p
4,253
ll,230r
886
1,054
1,034
276
305
7
1,448
1,034
276
305
7
122
1,770
June
3,oSr
1,885
212
10*226
110
1,855*
53
70
97
48,953
211
244
,12'
237
3,591
169
82
Oct. p
410
2,714
1,272
232
5,006
5,279
648
6
329
2,716
946
259
136
225
3,212
1,749
322
3,441
156
57
24,433
22,321
44
924
1,153
850
48
899
993
886
905
465
13,288
599
118
191
185
630
341
45
271
7,930
9,976
410
46
925
1,066
743
589
467
11,691
527
110
182
178
561
272
31
293
8,828
423
416
11,440
600
113
179
174
559
312
20
264
8,492
465
28,456
30,296
26,931
26,457
28,180
360
34
62
93
184
30
1,205
785
314
54
77
81
237
30
1,145
736
401
51
85
73
264
40
1,541
484
24
65
2,300
2,753
2,671
3,284
603
37
72
61
185
38
1,430
750
3,177
393
28
71
61
232
33
1,403
563
2,784
1,911
108
2,026
135
2,162
2,019
105,54<r5,091
22
136
175
26
5,450
108,990
2/
ij
*
p
53
1,210
950
721
531
503
12,481
il07,179r
1,800
126
1,926
*107,720r
6,230
30
118
138
40
6,557
5,365
14
144
157
47
5,728
113,735r
113,448r
281
830
1,553
151
1,704
1,007
172
1,179
113,382
453
68
208
36
1,564
574
3,023
i,1 9 8
146
1,345
111,178
3,484
8
165
135
44
3,834
3,816
32
187
42
4,217
3,182
19
161
150
43
3,555
117,216
110,499
114,733
140
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
Less than $500,000.
Preliminary.
r Revised.
386
1,348
154
1,503
112,523
3,079
115,919
20
134
130
33
3,396
96
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 October 31, 1977
Preliminary
(Position in millions of dollars)
Short-term liabilities payable in dollars
Country
Total
short
term
liabilities
(1)
Europe:
Austria................... .
Belgiiun-Luxembourg........ ........
Denmark...........................
Finland............... ...........
France...........................
Germany.......................... .
Greece...........................
Italy............................
Netherlands.......................
Norway......................... .
Portugal....................... .
Spain............................
Sweden..................... ......
Switzerland.......................
United Kingdom....................
Yugoslavia.......................
Other Western Europe...............
Poland...........................
U.S.S.R..........................
Other Eastern Europe...............
Canada............................
Argentina........................
Bahamas..........................
Brazil...........................
Chile............................
Colombia..................... .
Cuba............................
Ecuador..................... .....
Mexico...........................
Panama...........................
Peru............. ...............
Trinidad and Tobago................
Uruguay........................
Venezuela..... .................. .
Other Latin American Republics.......
Bermuda..........................
British West Indies................
Netherlands Antilles...............
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............................
Lebanon..........................
Malaysia.........................
Pakistan.........................
Philippines............ ..........
Singapore........ ................
Syria............................
Thailand.........................
Other Asia.......................
Total Asia.......................
Africa:
Ghana............................
Liberia............... ...........
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........................
410
2,714
1,272
232
5,006
5,279
648
6,295
3,088
1,023
191
714
2,734
9,750
111
11,065
130
1,908
52
68
110
52,801
4,934
2,420
3,772
1,055
340
1,182
6
329
2,716
946
259
136
225
3,212
1,749
322
3,441
156
57
22,321
To foreim banks and c
(fficial inst Ltutions
U.S.
Treasury
Total
Deposits 2 / bills and
Other 1/
certif
icates
(2)
(3)
(5)
w
379
2,544
1,249
223
4,865
5,025
581
6,157
2,968
964
140
529
2,707
8,787
104
10,169
126
1,858
50
67
103
49,595
4,016
1,429
3,643
843
137
863
1
211
474
261
107
113
55
1,621
803
85
3,353
28
30
14,059
79
289
107
93
558
922
206
621
310
246
108
339
210
1,490
97
950
92
581
42
59
96
7,497
272
278
371
488
118
153
1
140
290
82
96
34
40
236
399
20
485
15
13
3,259
170
1,202
1,107
3
3,354
3,728
110
4,342
1,909
696
*
2,210
2,588
3,174
28
216
1
*
129
1,052
34
127
953
376
265
1,194
748
22
32
190
287
4,708
8
6,045
7
1,061
8
8
6
24,839
737
17,259
3,007
62
*
1
_
313
_
21
*
_
*
30
533
78
46
1
*
1,086
1,090
3,272
353
19
396
*
50
184
179
11
49
16
852
326
20
2,868
13
17
9,714
Total
(6)
15
107
21
9
130
218
67
129
104
57
50
154
22
915
7
789
3
50
2
1
7
2,856
788
949
109
212
203
318
5
117
2,231
686
151
18
168
1,582
945
157
50
128
27
8,057
ro all other foreigners
U.S.
Treasury
Deposits 1/ bills and Other 1/
certif
icates
(7)
(9)
(8)
”
14
86
20
9
121
180
63
125
84
52
42
148
20
600
7
282
3
33
2
1
5
1,897
"to"
*
8
*
_
5
9
*
1
5
3
*
*
*
38
*
28
1
-
941
93
Short-term
liabilities
payable
in
foreign
currencies
(10)
1
13
1
*
4
29
4
3
14
2
9
5
3
277
*
479
*
16
*
2
16
64
2
*
11
35
*
8
17
2
*
31
5
48
_
107
*
*
*
98
862
350
62
' 125
1^°
205
200
311
5
116
2,036
367
150
18
144
1,494
880
130
45
90
26
*
2
*
*
*
_
4
7
_
*
*
11
*
6
*
8
15
7
3
7
_
2
191
311
1
*
24
88
16
5
32
1
42
19
*
*
*
_
*
10
*
*
5
2
9
1
79
37
*
*
7,251
31
775
206
*
23
10
9
*
5
88
1
*
1
1
9
*
_
*
103
251
*
_
3
16
1
*
53
_
*
*
*
*
2
_
*
1
*
_
*
*
2
_
*
64
1
1
1
48
899
993
886
905
465
13,288
599
118
191
185
630
341
45
271
8.316
28,180
41
581
471
841
881
417
13,008
584
74
183
173
464
308
43
232
7.782
26,082
29
287
161
70
113
232
1,095
264
66
49
54
290
55
32
79
1,320
393
28
376
18
13
56
205
28
1,851
2,548
290
18
11
55
100
21
567
1,063
1,303
132
128
46
71
61
232
33
1,966
2,784
4,195
1,348
154
1,503
1,435
174
112,523
97,735
3,079
20
134
130
33
3,396
3,065
20
113
130
32
3,360
115,919
101,095
_
101
97
637
268
10
9,699
51
_
69
21
1
3
133
3,653 2J
14,743
13
193
212
134
500
175
2,214
268
8
65
98
173
250
11
21
2.810
54
*
_
95
2
1,193 2J
1,344
_
143
4
*
*
_
*
*
_
*
_
*
* z/
147
7,144
7
319
520
29
23
48
227
15
44
8
13
166
31
2
39
533
2,023
1,625
32
*
2
1
10
5
91
141
17
9
58
5
25
4
114
232
17
9
53
5
24
4
113
225
_
_
_
*
- ?J
_
_
5
_
1
_
1
*
7
3
452
67
44
20
35
20
8
1
*
2
2
55
11,655
8
2
2,021
3
767
519
____ 65
16'
460
723
19
742
43,490
37,7^4
14,021
234
18
39
11
*
763
4
4
32
2,067
1
71
116
-
15
*
*
*
1
303
16,763
802
44,292
2,255
40,040
7
153
506
20
23
43
138
14
44
7
11
157
31
2
39
430
345
75
_
_
_
16
15
*
*
*
1
16
-
-
20
14,037
11,671
345
2,021
787
_
_
_
20
_
1/ Deposits exclude negotiable time certificates of deposit, which are included in "Other" short-term liabilities.
2/ U.S. Treasury bills and certificates held in custody for the account of oil-exporting countries in "Other Asia" and "Other Africa" amounted to $4,680 million.
* Less than $500,000.
97
December 1977
______________________________ 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
Apr.
Dec.
Apr.
1975
1976
1976
1977
8
7
21
29
10
4
6
33
75
6
8
38
30
43
7
6
69
40
237
7
7
58
32
131
7
24
5
10
2
6
5
8
16
18
2
7
12
17
36
34
3
36
14
25
19
32
2
17
13
44
14
11
2
3
11
29
34
21
2
11
19
19
11
31
n.a.
n.a.
16
23
87
41
61
22
1/
68
86
118
90
156
6
21
56
39
99
29
1/
96
118
128
129
219
22
35
88
69
127
46
1/
110
124
169
171
260
45
38
99
41
133
43
1/
117
134
170
212
368
39
48
137
59
158
50
13
133
146
275
178
409
33
47
137
35
120
49
30
135
170
280
214
392
43
68
210
43
133
60
17
4
2
4
3
7
3
9
5
7
6
13
10
10
10
25
72
2
3
4
2
11
5
135
1
22
9
12
2
6
3
16
13
88
1
18
21
65
4
22
3
25
14
126
1
41
54
31
4
39
2
28
13
62
2
57
44
34
3
23
2
34
10
66
2
57
54
13
4
37
1
33
23
66
5
90
n.a.
n.a.
n.a.
23
n.a.
35
27
50
7
57
1
6
23
6
2
3
11
10
7
95
3
7
31
22
2
4
11
19
13
22
60
2
18
19
10
1
12
30
29
22
78
72
6
17
39
17
1
17
20
34
50
14
41
10
10
46
22
1
22
28
79
1
10
23
8
2
3
12
7
6
22
20
43
35
48
5
26
185
18
1
30
57
15
n.a.
55
30
12
39
11
47
11
42
11
48
14
45
13
75
n.a.
Country
1972
1973
1974
19
Malta...................................
Monaco..................................
3
9
17
3
4
62
4
Other Eastern Eurot>e:
Bulgaria................................
Czechoslovakia...........................
Estonia.................................
German Democratic Republic.................
Hungary.................................
Romania.................................
Other Western Europe:
Cyprus..................................
Iceland..................................
Other Latin American Republics:
Bolivia.................................
Costa Rica...............................
Dominican Republic........................
El Salvador..............................
Guatemala...............................
Guyana..................................
Haiti...................................
Honduras................................
Jamaica.................................
Niearagua...............................
Paraguay................................
Surinam l/...............................
Other Latin America:
Belize..................................
French West Indies and French Guiana.........
Other Asia:
Afghanistan..............................
Bangladesh...............................
Burma...................................
Cambodia................................
Jordan..................................
Nepal...................................
Sri Lanka...............................
Vietnam (formerly Viet-Nam & North Viet-Nam)....
Yemen (Aden).............................
Other Africa:
Ethiopia (including Eritrea)................
F.T A. I. (French Somaliland)................
.
Ivory Coast..............................
Kenya...................................
Mozambique...............................
Southern Rhodesia.........................
Sudan...................................
Tanzania................................
Tunisia.................................
Uganda..................................
Zambia..................................
Other Countries:
New Zealand..............................
U.S. Trust Territory of the Pacific Islands...
92
114
76
132
8
27
58
8
Note:
Data represent a partial ‘
breakdown of the amounts shown for the
corresponding dates for the "Other” geographical categories in the
regular monthly series in the Treasury Bulletin.
48
1 / Surinam included with Netherlands Antilles through December 1975.
n.a. vot available,
98
Treasury Bulletin
_______________________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
Total
long-term
liabilities
(1)
1972 2/.....................
1976-Oct...................
1977-Jan...................
Feb...................
May...................
July...........
...... .
Sept. p.................
Oct. p..... ......... .
1/
2/
pa-nVa
(4)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
25
10
2
1
7
2
7
28
204
203
988
1,858
1,863
2,389
1,600
913
437
[ l1’ 0 °,
0
\ f ,018
1,462
1,285
1,812
2,432r
417
417
700
464
1,395
2,105
310
124
931
1,337
291
261
364
563
1,971
1,987
2,105
l,659r
l,608r
l,630r
l,682r
l,895r
2,027
1,980
1,945
2,100
2,206
1,312
1,311
1,337
875r
827r
827r
852r
l,080r
1,135
1,081
1,006
1 074
1,144
2,328
2,324
2,432r
l,984r
l,928r
l,963r
2,004r
2,230r
3
1967 2/.....................
Total 1 /
(2)
Official
institutions
(31
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
913
1,807
10
2
1
7
2
7
69
310
513
1,494
f 2,546
{ 2,560
3,166
2,490
1,703
902
t
o
1957.......................
Foreign countries
2,322
2,336
2,508
2,639
15
-L,oUY
i-y
2,341
1,505
695
144
8
55
165
237
238
93
to
VJ
Dollar-foreign currency breakdown not available prior to 1966j amounts
reported for earlier dates assumed to have been payable in dollars.
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
Other
foreigners
(5)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
50
35
m
International
and regional
(6)
_
-
-
A2
106
311
506
689
698
Payable in
foreign
currencies
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-
_
87
87
100
79
100
204
777
889
789
446
562
580
761
822
415
269r
481
502
563
580
570
581
563
545
580
178
173
204
338
313
269r
20
24
58
204r
210r
222
267
270
268r
263r
267
255r
266r
279
57
57
67
68
70
70
571
602
635
640
329
337
391
269
313
330
352
73
77
78
80
O'ifk
iCJO
40
40
53
56
312
422
1
1
20
21
21
2
58
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.
p Preliminary.
r Revised.
December 197 7
99
______________________ 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
Country
Europe:
5
15
*
-
*
9
*
-
1
Belgium-Luxembourg..............
1
146
159
*
Italy.........................
Netherlands....................
1
*
*
*
*
*
1
Sweden........................
Switzerland....................
Turkey........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe............
Poland........................
*
1
*
*
*
*
9
*
66
2
*
59
*
May
1976
1975
1974
1973
6
214
*
*
39
*
19
346
*
1
6
*
*
*
5
*
*
3
*
26
*
124
*
28
*
-
2
1
4
7
*
66
1977
June
*
48
*
-
21
297
*
6
8
2
*
5
5
54
*
133
1
July
*
48
*
27
312
*
5
8
2
*
6
5
68
Aug.
*
40
*
34
307
*
5
6
Canada..........................
Latin America:
Argentina.....................
Bahamas.......................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago.............
Uruguay.......................
Venezuela......................
Other Latin American Republics....
Bermuda.......................
British West Indies.............
Netherlands Antilles 1/..........
Other Latin America.............
*
5
*
1
1
664
708
717
27
27
27
3
70
3
71
Total Latin America.............
Asia:
China, People's Republic of
China, Republic of (Taiwan).......
Hong Kong......................
India.........................
Indonesia.....................
Israel........................
Japan.........................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines....................
Singapore......................
Syria.........................
%
Tnailand......................
Middle-East oil-exporting countries2J )
Other Asia..................... J
Total Asia.....................
Africa:
Egypt.........................
(hlnt
If-f......................................
Liberia.......................
Morocco.......................
South Africa...................
Zaire.........................
Oil-exporting countries 2 J .......
\
Other Africa................... J
Total Africa...................
Other countries:
Australia......................
All other......................
Total other countries............
Total foreign countries............
226
330
570
579
628
8
19
23
29
34
35
634
33
2
1
2
2
55
58
5
3
62
5
90
5
76
3
76
6
2
6
1
*
*
*
*
4
-
4
-
6
10
1
1
18
*
*
*
23
27
*
*
*
25
4
42
4
*
-
61
33
3
*
*
*
*
15
*
*
*
24
3
14
*
*
-
132
115
140
*
*
*
*
*
*
*
1
1
2
*
n.a.
*
9
4
n.a.
n.a.
4
3
1
*
1
*
1
5
1
n.a.
n.a.
n.a.
2
n.a.
n.a.
* f
/
71 ^
82
22
*
*
n.a.
n.a.
1
2
1
2
*
*
*
*
*
n.a.
n.a.
2
*
*
*
94
4
*
*
*
894
102
902
2
2
1
*
*
7
5
50
1
1
8
4
*
*
9
4
75
*
*
14
6
2
1
-
-
-
*
1
2
1
1
1
*
3
*
3
*
3
*
1
1
6
1
1
6
1
1
6
1
1
6
*
lr
*
*
3
*
*
*
*
*
*
*
*
15
*
*
*
6
1
4
*
*
1
7
*
n.a.
n.a.
1
1
*
-
2
l,286r
28
1,332
1
2,163
351
*
66
-
652
63
107
-
761
822
1,462
1,2^5
4
1,130
*
l,095r
1,148
1,093
*
*
-
*
*
*
*
1
1
2
*
*
*
*
1
l,964r
64
269r
-140r
62
266r
2,432r
2 ,230r
68
-
-
81
10
1
2
1
3
l,076r
* *
-
*
135r
1
1
*
_
4
1,075
*
n.a.
*
*
*
*
*
54
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
71
26
304
*
415
. 1,412 '
71
33
*
*
*
5
*
78
26
280
1,397
10
1
254
464
98
5
-
1
230
*
*
112
4
-
4
287
*
*
*
551
6
2
*
1
1
7
700
6
2
-
1
1
7
*
*
10
1
*
*
n.a.
*
*
*
*
I
1 V
1
1
66
6
1
*
*
n.a.
*
*
*
*
*
n.a.
n.a.
*
*
International and regional:
Latin American regional..........
Asian regional.................
African regional................
Total international and regional....
1
3
69
1
1
*
4
98?
1
1,021
200
6
6
*
4
*
3
71
11
2
12
2
14
-
14
1
*
75
46
76
28
1
*
*
16
7
82
9
1
*
*
17
9
68
1
*
9
19
*
324
346
“
“
1
4
*
3
2
6
15
*
*
*
2
1
4
1,056
*
1,095
*
4
3
9
JP
.
*
*
*
6
2
“
4
1,119
4
1,173
*
*
_
*
*
*
5
*
*
*
*
*
5
*
*
_
*
*
*
5
#
*
15
*
*
8
1
8
6
6
6
23
23
*
*
*
*
*
*
1
X
_____ 1 _
2,097
*
1
1
1
2
2,023
2,178
2,287
57
-
62
*
140
180
72
72
95
*
180
7?
352
2,639
-
-
-
279
2,376
269
313
76
180
74
330
2,322
2,336
2,508
72
140
67
*
“
14
*
2,053
2J Includes Algeria, Gabon, Libya, and Nigeria.
*
p
r
10
5
65
*
*
*
9
5
70
*
203
2
470
n.a.
44
*
*
*
*
2
6
1
5
*
*
9
5
67
*
169
*
_
1
-
Other Eastern Europe............
Total Europe...................
6
*
162
n.a.
*
*
1
6
48
308
1
6
8
*
147
n.a.
-
2
1
45
*
*
*
5
66
*
*
8
2
308
-
Oct. p
49
*
*
48
307
*
49
*
44
*
*
9
5
*
*
n.a.
-
*
213
n.a.
-
Sept. p
Less than $500,000.
Preliminary.
n.a. Not available.
Revised.
Treasury Bulletin
100
.CAPITAL MOVEMENTS.
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-1. - Short-Term Claims by Type
(In millions of dollars)
Payable in dollars
End of
calendar
year
or month
195
195
195
196
Total
short
term
claims
(3)
930
1,268
1,309
1,297
1,646
1,660
r15,471
15,676
20,723
39,056
50,231.
69,139r
14,625
14,830
20,061
37,859
5,674
5,671
7,660
II,287
48,888
13,200
67,494?
18,341
61,255
59,541
61,777
67,494?
61,985r
6l,794r
63,259
63,951r
66,297r
67,954?
67,942?
66,661
67,305
69,844
16,191
16.141
18.141
15,946r
l6,007r
15,766
l6,265r
16,647
I6,090r
17,602
16,687
18,259
18,204
1961
1962...... .
1963...... .
19641/... .
1965 1/... .
1966 1/...
1967 1 / ...
196 8
19691 /. ...
1970......
19711/2/..
1972 1 / ...
197
197
197
197
3
4
5
6
1976-Ocx....
Nov....
Dec
1977-Jan....
Feb....
Mar...
.
Apr. .
.
May*,..
Jure.. .
July..
.
Aug. . .
Sept. p
Oct. p..
2/
Total
(2 )
2,052
2.344
2,407
3,135
4,177
4,234
4,606
5.344
6,810
7,333
7.158
7,243
7,399
7,433
8.158
8,182
8,261
9,063
9,165
10,192
12,328
125377
(1)
2,199
7
8
9
0
Total
9,578
, 9^680
10,802
r13,170
-1^272
63,582
69,139r
63,717r
63,752r
65,156
65,637r
68,060r
69,732r
6 _ 608r
9i
68,592
'69,048
71,890
1,953
I,915
2,652
2,773
2,968
2,970
3,139
3,141
3,137
3,150
3,165
3,281
3,278
3,051
Official
insti
tutions
(4)
242
401
351
290
329
329
359
186
223
221
271
271
256
256
306
306
247
262
262
119
223
231
163
163
284
381
614
1.453
1,060
1,272
1.453
l,267r
952r
789
745
968
983
852
1,018
1,009
(5)
386
439
498
524
699
709
303
428
460
482
618
622
642
774
1,055
1,150
953
955
1,374
1,403
1.566
1.567
1.739
1.739
1,603
1,130
1,132
1,143
1,145
1,228
1,228
1,616
1,221
1,697
1,946
1,943
1,720
1.073
1.073
1,212
2/
2,975
2,970
4,538
7,332
7,665
1>§67
1^658
2,535
2,538
2,838
10,001r
3,574
4,920
5.547
5,113
5,241
5.547
5,260r
5,289r
'5,237
5,078r
5,040
5,105
11,523
10.609
11,874
11,730
5,227
5,060
5,376
5,604
11,142
10,018
9,628
11,142
9,419r
9,7<b6
9,740
10,441?
10,638
Payable in foreign currencies
Collec
tions
out
Accept
standing
ances
Other
for
Hade for
for
account of account
eigners reporting
banks and of for
eigners
domestic
( 6)
customers(7*
( 8)
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 sec
ond line are comparable to those shown for the following date.
Data on the second line differ from those on the first line because
those claims of U.S. banks on their foreign branches and those claims
423
421
516
605
694
700
686
832
1,007
1,135
1,268
1,272
1,367
1,288
1,511
1*552
31
.3
0
1,733
1,954
2,015
2,389
2,A75
2*475
2,854
3,169
3,202
3,985
3,269
3,276
4,307
5,637
5,467
5.756
3,204
5,586
5,628
5.756
5,833
5,868
6,190
6,339r
6,317
6,417
6,352
6,200
6,025
6,005
Other
short
term
claims
699
656
582
1,233
1,837
1,874
1,967
2,214
2,600
2,621
2,501
2,508
2,450
2,540
3.013
m
3,226
4,160
11,237
11,147
12.358
11', 461
11,422
12.358
12,047
12,009
12,790
12,976
13,045
13,166
13,431
13,556
13,631
13,600
Deposits
of
reporting
banks and
domestic
customers
with for
eigners
(9)
384
552
803
422
492
443
464
( 10)
( 11)
Foreign
government
obligations
and
commercial
and
finance
paper
( 12)
132
147
198
192
460
543
543
495
543
601
624
342
343
309
343
342
336
157
182
187
474
492
325
329
68
420
240
420
425
425
450
516
516
610
842
895
241
287
287
509
658
670
766
1,107 ,
,
1*679 i /
2,478
846
846
2,657
662
3,935
9,698
1,196
1,342
19/075
3l,238r 1.645
26,302
1,715
28,585
1,805
31,238r 1.645
1,732
28,159
27,910r 1,959
28,513
1,897
28,371r 1,686
30,288r 1,764
32,280r 1,779
30,556r 1,667
30,215
1,931
“
29,390
1,743
2,047
32,034
222
238
200
200
186
54
70
70
74
70
336
352
352
352
40
84
89
92
119
173
441
441
428
669
656
1.063
1,052
1,084
1.063
223
223
119
289
314
89
1,091
1,100
918
864
845
817
1,032.
844
922
(13)
15
16
15
181
178
1,126
Other
shbrtterm
claims
113
42
77
102
95
96
110
110
63
67
73
79
74
166
174
174
182
182
115
238
372
493
550
632
89
493
145
272
323
332
377
302
460
596
474
436
522
631
572
667
660
829
277
233
239
296
of the U.S. agencies and branches of foreign banks on their head offices
and foreign branches which were previously reported as loans are
included in "other short-term c a r i " and a number of reporting
lits;
banks are included in the series for the first time.
Preliminary.
Revised.
101
December 1977
.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
1977
Country
1973
1975
1974
Europe:
Austria...........
Belgium-Luxembourg..
.
Denmark...........
Finland...........
France..........
Germany...........
Greece............
Italy............
Netherlands.......
Norway...........
Portugal..........
Spain............
Sweden............
Switzerland.......
Turkey...........
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
25
n. a
.
46
___ 44_
3.970
n. a
.
46
131
6.255
Canada.............
1,955
2,776
2,817
720
3,405
1,418
290
713
14
1//
,
1,972
505
518
18
63
704
690
88
943
62
1,203
7,570
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Ecuador...................
Mexico... ................
Panama....................
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 1/ .......
Other Latin America.........
11
147
48
108
621
311
35
316
133
72
23
222
153
176
10
1,459
10
883
900
151
397
12
n. a
.
1,373
274
178
n. a
.
55
518
493
n. a
.
n. a
.
13
154
5,900
Total Latin America.
Asia:
China, People's Republic of
31
(China Mainland)...............
China, Republic of (Taiwan).......
140
Hong Kong......................
147
India....................... .
16
Indonesia...................
Israel........................
Japan................. .......
6,398
Korea.........................
403
Lebanon.......................
n*a»
Malaysia......................
n*a*
Pakistan......................
n*a»
Philippines....................
181
Singapore......................
n»a*
Syria.........................
n-a^
273
Tnailand......................
Middle-East oil-exporting countries 2/\
Other Asia..................... J ____ 392
8,224
Total Asia.
Africa:
Egypt...................
Ghana...................
Liberia.................
Morocco.................
South Africa.............
Zaire...................
Oil-exporting countries 3 /.,.
Other Africa.............
Total Africa.
Other countries:
Australia....
All other....
Total other countries.
Total foreign countries.
35
n.a
.
n. a
.
5
129
61 ^
} _ ■388 (
»
243
____43_
286
20,723
21
384
46
122
673
589
64
345
348
119
20
196
180
335
15
2,580
22
22
15
352
49
128
1,471
49
370
300
71
16
249
167
237
86
4,718
38
27
n. a
.
103
127
44
662
85
139
1,445
517
79
929
304
98
65
373
180
485
176
•6,179
41
52
n. a
.
99
171
8.987
12,122
416
2,221
360
689
13
219
2,802
1,052
583
23
51
1,086
725
89
1,460
3,049 '
964
15,336
3,322*
387
586
13
293
3,432
lj257r
70A
31
38
1,564
801
134
5,063
40
111
49
336
12,377
20,532
34,270r
22
3
991
271
41
76
551
10,997
1,714
25
n. a
.
n. a
.
559
4
500
223
14
157
255
12,518
955
59
n. a
.
n. a
.
372
135
12
458
330
235
16,226
111
10
n. a
.
18
329
98
115
174
855
466
99
565
“397055
736
258
21
102
491
10,776
1,561
56
n. a
.
n. a
.
384
369
306
420
12
32
499
524
249
16,057
422
101
5
n. a
.
9
545
34
231
303
1,228
535
73
609
50,229"
July
May
1976
43
589
84
130
1,546
503
65
979
362
148
100
302
79
473
6M
55
40
68
«
82
■ 141
12.185r
13,554
' 886
15,127
3,061
362
505
iy
306
»
741
25
36
1,359
844
179
4,870
36
121
33,190r
15
1,221
298
34
39
280
9,591
1,912
,30
84
60
498
418
37
519
1,469
1/
2/
2/
480
124
97
284
101
484
333
6,638r
58
51
82
90
134
12„923r
3,607
904
16,058
3,030
349
495
13
323
1 3,204
, 905
797
50
32
1,348
770
120
4,7g
173
33,413
30
•1,259
337
39
72
334
9,935
1,861
38
81
86
418
471
37
558
1,275
147
16,979
1,312
258
17,672
16,606
127
5
n.a
.
13
763
29
257
288
152
16
29
34
778
7
243
299
157r
7
36
36
810
9
1,481
1,559
1,789**
441
99
540
846
69,134r
100
117
963
68,057r
International and regional:
International.,
European regional.....
Latin American regional.
Asian regional.......
African regional......
Total international and regional.
Grand total.................
53
759
85
113
1,455
575
51
875
422
312
878
132
Aug.
63
505
86
101
1,503
647
66
972
471
121
110
Sept. j
53
476
100
103
1,471
648
68
1,014’
371
135
138
344
151
533
329
6,011
3i
47
58
81
111
117
558
140
95
1,356
615
103
1,054
447
109
148
346
139
700
Oct. p
74
782
127
111
1,338
767
98
1.075
306
120
34
43
78
89
68
138
471
172
685
329
6,536
28
267
69
82
81
12,277
3,978
13.347
3,387
3,669
856
13,647
3,077
382
52
4.
13
349
3,455
1,463
783
32
39
1,435
852
133
5,622
57
89
939
13,502
3,003
431
528
13
338
3,478
1,063
785
46
42
1,656
840
143
6,019
75
131
32,826
33,034
9
1,236
272
65
56
323
9,623
2,069
30
102
74
478
405
17
580
1,369
130
27
1,303
360
59
67
304
9,353
2,001
29
124
103
477
342
14
617
1,340
96
1.311
361
48
97
348
9.312
1,999
43
90
99
489
345
16
608
16,838
16,615
16.819
134
7
51
48
802
15
306
291
155
285
149
12
50
43
799
6
357
303
1,658
1,720
1,656
1,824
795
148
863
135
83~
2
127
323
153
488
333
6,473r
49
42
75
88
94
12t
763r
3,728*
839
15,061
3,026
373
514
13
326
3,469
1,278
796
25
38
1,421
831
187
4,994r
64
161
33,415r
13
1,275
359
25
65
311
1,981
29
67
125
372
462
25
584
1,476
158
158
1
47
46
821
8
290
861
JL2SL
1,009
1,010
69,720r
69,599r
6,
«
1.076
15,950
3,141
435
570
10
350
3,252
1,430
737
46
47
1,654
896
427
4,696
61
173
34,953
20
1,533
101
12
65
44
877
7
378
285
943
68,581
69,037
1
8
1
1
20,723
39,056
50,231
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
Includes Algeria, Gabon, Libya, and Nigeria.
69,139r
68,060r
* Less than $500,000.
p Preliminary.
n.a. Not available.
r Revised.
13
69,732r
10
69,608r
11
10
68,592
69,048
71,890
Treasury Bulletin
102
P A P I T AT M f i V B M B W T S
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Short-Term Claims, by Type and Country, as of October 31, 1977
Preliminary
Country
Europe:
Austria.....................
Belgium-Luxembourg......... .
Denmark.....................
Finland.....................
France......................
Germany.....................
Greece......................
Italy.......................
Netherlands..................
Norway......................
Portugal....................
Spain.... ..................
Sweden......................
Switzerland..................
Turkey......................
United Kingdom...............
Yugoslavia..................
Other Western Europe..........
Poland......................
U.S.S.R.....................
Other Eastern Europe..........
Total Europe.................
Canada.......................
Lafcln America:
Argentina...................
Bahamas.....................
Brazil......................
Chile.......................
Colombia....................
Cuba.......................
Ecuador.....................
Mexico......................
Panama......................
Peru........................
Trinidad and Tobago...........
Uruguay.....................
Venezuela...................
Other Latin American Republics...
Bermuda.....................
British West Indies...........
Netherlands Antilles..........
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.......................
Lebanon.....................
Malaysia....................
Pakistan....................
Philippines..................
Singapore...................
Syria................. .
Thailand....................
Other Asia..................
Total Asia..................
Africa:
Egypt.......................
Ghana........ ..............
Liberia................ .....
Morocco.................... .
South Africa................ .
Zaire.......................
Other Africa.................
Total Africa.................
Total
short
term
claims
Total
(1)
(2)
74
782
127
111
1,338
767
98
1,075
306
120
138
471
172
685
329
6,536
28
267
69
82
81
70
593
121
109
1,238
629
97
1,033
283
116
138
444
164
566
326
6,370
27
266
66
82
81
12,818
13,657
3,£ 69
> .
1,076
15,950
3,141
435
570
10
350
3,252
1,430
737
46
47
1,654
896
427
4,696
61
173
34,953
(Position in millions of dollars)
Short-term claims payable in dollars
Loans
Collections
outstanding
Foreign
for account
banks and
of report
Total
Other
official
ing banks
and domestic
insti
customers
tutions
(3)
3,073
(4)
55
54
347
311
86
94
45
29
547
404
372
398
16
24
527
559
97
74
51
63
80
79
107
171
100
122
368
410
138
133
1,212
1,097
11
14
227
225
29
29
15
13
57
54
4,705
4,141
.650" ..25S..
(6)
(5)
Other
Deposits of
reporting
Total banks and
domestic
customers
with
foreigners
(10)
(11)
(12)
4
188
6
2
100
138
*
42
24
4
*
28
7
118
3
166
1
1
4
*
*
4
14
3
2
29
132
*
25
17
4
*
5
7
109
3
113
*
1
*
*
*
174
4
*
6,339
839
-39T
469
124
*
*
*
*
*
*
*
*
*
*
*
*
*
*
516
1,021
1,435
121
403
217
2,816
584
597
26
29
1,292
349
42
490
34
21
286
988
1,017
75
252
117
1,471
354
488
23
16
348
192
2
478
16
10
231
34
418
45
151
100
1,345
230
109
3
13
945
157
40
11
18
11
125
17
282
32
43
10
44
74
38
21
18
10
176
163
6
15
14
18
192
5
1,067
275
93
67
281
43
110
1
7
140
316
98
1
1
38
242
14,788
332
5
25
1
20
65
765
9
*
2
38
64
211
4,154
8
95
1
118
24
3
5
*
2
16
1
1
*
*
8
5
71
37
4
*
*
101
*
2
*
9,992
6,133
3,859
1,106
2,734
20,823
297
115
18
1,307
357
47
97
348
9,068
1,999
43
89
98
487
343
16
608
1.617
9
79
137
20
46
132
392
334
22
25
12
115
78
9
87
469
1,965
8
61
67
20
29
103
337
279
21
23
2
89
68
2
80
370
1
18
70
*
16
29
55
55
1
2
10
26
10
7
7
99
406
*
62
34
11
10
27
2,853
26
15
7
4
22
29
7
62
311
3,478
8
1,130
71
11
1
185
4,469
1,619
1
35
11
302
10
*
418
371
8,642
1
36
116
5
41
5
1,354
20
5
22
71
47
226
_
41
467
2,457
1
4
3
1
*
1
244
*
*
1
*
2
2
_
*
16
276
1
*
3
1
*
1
186
*
*
1
*
*
2
1
*
41
*
185
*
89
316
5
1
6
8
74
1
205
300
78
_
15
10
487
1
75
3
*
*
_
1
23
*
___ 1
_
667
*
*
14
*
24
42
52
15
67
5,604
89
28
557
48
117
5,996
605
13,600
32,034
*
_
_
-
1
7
1
*
_
_
155
12
65
43
854
7
662
1,824
1,799
QMasr Qowyteieg.:
Australia...................
All other...................
832
127
820
126
Total other countries.........
Total foreign countries.........
959
71,881
946
79
22
101
69,834
18,204
34
12,599
*
1
7
1
*
*
1
7
1
*
*
_
*
_
_
*
_
-
9
71,890
9
69,844
*
18,204
*
*
12,599
5,604
68
11
44
25
279
5
358
790
68
11
4
25
94
4
269
474
27
7
*
9
6,005
Other
(9)
1,075
15,832
3,116
432
564
10
348
3,236
1,429
736
46
47
1,646
892
357
4,660
57
173
34,656
1,559
Foreign
government
obligations
and commer
cial and
finance
paper
7
203
11
1
513
135
23
257
138
*
2
109
20
94
5
4,794
*
10
16
*
1
TW
155
12
65
44
877
7
663
Less than $500,000.
Short-term claims payable
in foreign currencies
(8)
*
10
6
56
52
30
16
105
7
41
49
67
5
9
156
183
1
2
14
4
814
7
34
9
7
126
66
34
112
41
12
8
96
16
53
27
181
12
26
7
66
19
959
.... 36
16,543
*
(7)
2
36
8
16
143
26
8
32
22
13
*
64
22
42
5
115
3
2
*
2
3
564
392
20
1,311
361
48
97
348
9,312
1,999
43
90
99
489
345
16
608
1,633
16,819
International and regional:
International................
European regional.............
Latin American regional.......
Asian regional......... ......
African regional.............
Total international and regional.
Grand total...................
Accept
ances
made for
accomt
of
foreign
ers
_
*
5
1
*
*
5
1
*
*
*
*
*
3
199
*
_
_
1
3
*
*
_
*
*
_
*
*
_
_
10
_
_
*
_
_
*
_
*
_
10
_
_
_
_
71
6
*
17
6
*
*
22
1
10
53
1
*
4
*
*
369
-■T57
1
17
24
1
5
*
2
11
*
1
*
*
3
4
71
37
4
*
182
4
*
*
*
*
48
*
_
_
*
2
*
_
*
13
67
*
*
_
*
20
_
_
1
25
4
-
21
94
28
12
1
9
1
3
*
122
13
2,047
10
922
*
*
*
_
_
_
_
_
_
_
_
296
3
829
_
_
_
_
_
_
_
_
_
_
_
_
_
_
13,600
32,034
2,047
922
296
829
December 1977
103
_____________________ 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
Loans
Total
Official
institutions
Banks
(5)
Other
foreigners
()
1
()
2
Total
(3)
1,174
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
2,293
2,379
2,260
660
730
273
273
397
397
701
729
628
512
323
237
209
1,328
2,346
2,781
1,362
1,545
1,698
2,034
2,160
f
1963-May 1/.............
\
1963 i/
J
1964 1/.................
/
^
\
1966...................
1972 1/.................
f
^
2,293
2,379
2,837
3,030
3,971
4,285
4,517
4,180
3,925
3,567
3,250
3,075
3,667
4,954
5,063
5,996
7,179
9,536
11,898
1976-Oct................
11,320
1977-Jan.... ...........
Feb................
Mar................
Apr................
May................
June...............
11,597
11,898
ll,996r
12,132r
12,204
12,458
12,294
12,182r
July...............
Aug................
12,251r
Oct. p.............
12,622
12,727
12,468
2,834
3,028
2,811
725
728
3,777
3,995
703
716
4,211
3,915
3,635
3,158
2,806
2,698
3,345
793
702
669
528
502
504
575
4,914
5,023
4,539
4,588
833
844
5,924
7,099
9,419
11,750
11,181
11,450
11,750
ll,8l3r
ll,921r
12,015
12,257
12,091
ll,982r
5,446
6,490
8,316
10,093r
9,669r
9,844**
10,093**
10,193r
10,392r
10,407r
10,531r
10,395r
10,286r
12,049r
12,250
12,407
12,497
10,323
10,504
10,583
10,752
3,971
4,283
-4,508
4,162
3,909
3,552
3,232
3,050
3,645
Data on the two lines shown for this date differ because of changes
in reporting coverage. Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
1,160
1,328
1,375
1,432
1,337
1,391
1,432
1,444*
l,574r
1,649
1,671
1,699p
1,686
1,701
1,736
1,773
1,779
n.a.
p
*
r
236
315
430
430
591
931
1,567
2,232
2,115
2,171
2,232
2 ,189r
2, r
232
2,194
2,193
2 ,262r
2 ,265r
2,238
2,279
2,314
2,441
Not available,
Preliminary,
Less than $500,000.
Revised.
1,342
1,659
1,685
2,372
2,550
Other
long-term
claims
(7)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
33
33
54
217
Payable in
foreign
currencies
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
*
*
2
2
195
288
*
9
15
2,096
297
247
274
394
426
1,958
2,455
3,276
3,314
352
18
25
2,790
2,702
2,642
2,393
3,694
4,231
5,374
6,429r
6,217r
6,282r
6,429r
6,56lr
6,586r
6,564r
6,666r
6,435r
6,336r
6,384
6,489
6,495
6,532
300
375
435
478
609
1,103
l,656r
l,512r
l,606r
l,656r
l,620r
l,529r
l,607r
l,726r
l,696r
1,695
l,726r
1,746
1,824
1,745
1
18
16
22
40
40
72
80
116
148
139
147
148
184
211
190
201
202
200
202
218
216
229
104
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 yea±*
1977
Country
1974
1973
Europe:
Austria...........
Belgium-Luxembourg..
.
Denmark...........
Finland...........
France..........
Germany...........
Greece............
Italy............
Netherlands.......
Norway............
Portugal..........
Spain............
Sweden............
Switzerland.......
Turkey.............
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
3
22
29
22
174
106
89
61
20
47
8
113
28
3
39
148
72
5
n. a
.
129
154
1,271
490“
Total Europe.... .
Canada.............
Latin America:
Argentina....
142~
Total Latin America.........
Asia:
China, People's Republic of
(China Mainland)..............
China, Republic of (Taiwan)......
Hong Kong..... ...............
India........................
Indonesia..... ................
Israel.... ...... ............
Japan....... ................
Korea..... ..... .............
Lebanon.......................
Malaysia......... .............
Pakistan.................. .
Philippines....................
Singapore..................
Syria................. ..... .
Tnailand......................
Middle-East oil-exporting countries
Other Asia.................... .
Total Asia.
Africa:
Egypt.................
Ghana.................
Liberia..............
Morocco........ .......
South Africa........... .
Zaire..................
Oil-exporting countries^/.,
Other Africa........... .
Total Africa.
Other countries;
Australia....
All other....
Total other countries...
Total foreign countries.....
International and regional:
International...........
European regional.......
Latin American regional..
.
Asia regional..........
African regional.......
Total international and regional..
Grand total....................
122
30
8
83
329
110
23
n. a
.
178
244
1,908
501“
I6j"
25
840
156
64
1
26
701
77
110
9
2
244
167
3
*
13
19
662
136
87
1
n. a
.
464
62
62
n. a
.
6
298
136
n. a
.
n. a
.
6
37
Brazil......... ...........
Chile.....................
Colombia...................
Cuba... ..................
Ecuador................
Mexico....................
Panama... ........... .....
Peru........ ..............
Trinidad and Tobago.........
Uruguay....................
Venezuela..................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles........
Other Latin America.........
23
13
50
25
191
83
198
96
33
61
8
_______1 4 _
1975
23
17
60
53
175
63
241
91
46
64
15
187
38
7
1976
May
23
11
65
67
198
100
174
51
n. a
.
304
387
201
105r
32r
41
24
383
42
7
104
847
195
34
n. a
.
397
438
2,704
555
3,314
637
176
43
1,166
134
63
228
156
1,580
88
621
210
20
89
*
81
1,412
118
231
4
7
287
292
31
15
101
28
1
33
983
92
224
8
6
250
223
15
4
28
2,116
3,468
4,870
62
90
33
54
29
230
251
103
n. a
.
n. a
.
n. a
.
169
n. a
.
n.a
.
—
2,614
35
194
47
43
71
246
258
103
12
n. a.
n. a
.
135
17
*
19
384
53
1,619
2
318
37
37
144
231
296
230
2
354
54
30
142
209
382
268
21
n. a
.
n. a
.
161
5
ii.
1,582
16
n. a
.
n. a
.
2
14
*
n.a.
1
r
)
74
39
62
176
21
n. a
.
n.a.
150
15
*
21
220
73
1,795
22
7
n. a
.
*
150
148
20
146
112
1,904
13
n. a
.
15
242
July
24
27
57
65
424
106
188
93r
34r
30
33
374
54
6
86
941
234
17
265
403
189
3,650
501
24
25
50
67
439
108
42
29
36
395
55
8
81
946
236
17
269
409
164
3,677r
Aug.
24
25
46
61
423
109
176
91
34
29
35
395
55
6
72
990r
248
10
234
407
178
461
2M
236
248
223
1,590
120
227
1,608
231
1,591
100
124
227
1,590
126
109
8
6
375
275
65
43
79
16
,35
267
65
46
106
15
5,042
5,016
5,045
1
353
lG4r
24
391r
265
20
87
5
125
10
*
20
149
17
1,884
7
18
197
11
279
89
213
84
172
63
169
78
163
7,171
235
9,504
247
11,863
184
63
247
12,222
27
26
*
111
1,496
129
205
10
*
20
151
28
1,832
8
18
169
11
269
92
213
80
860
10
15
176
11
268
92
191
93
857
185
50
224
59
124
1
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
,2/ Includes Algeria, Gabon, Libya, and Nigeria.
35
11,898
235
12 , r
103
283
I 2 ,l 8 lr
12,294
* Less than $500,000.
p Preliminary,
n.a. Not available,
r Revised.
-
79
12,182r
412
_
132
105
*
129
1,701
139
184
120
1,846
22
297
64
42
96
10
8
456
287
64
42
100
12
5,219
5,403
5,581
*
347
91
22
151
166
359
275
b
54
*
344
119
135
200
*
7
3U
98
24
144
176
371
274
9
54
4
124
10
*
25
170
20
70
12,251r
1
431
4
174
141
198
1
g
150
134
334
272
8
54
4
123
9
9
*
25
161
25
23
170
32
1,846
1,871
1,761
10
15
182
12
283
93
219
83
898
9
15
165
12
275
93
221
81
6
15
180
12
276
88
202
80
860
211
64
275
12, *
400
60
1
6
2
-
9
2
____ 72
120
84
-954
255
14
237
*
.88
24
145
179
391
274
19
54
4
134
9
*
28
155
19
1,862
60
1
6
10
33i
105r
24
134
170
38lr
267
19
56
4
12
210
6
363
291
57
30
81
12
102
106
154
92
42
26
33
416
64
456
1
7
343
277
59
29
6
460
455
1
205
154
87
46
25
34
405
64
157
___3,677
483
120
462
102
19
30
54
73
84
906
260
14
251
399
146
3,642
1
123
40
31
9,536
6
19
30
54
75
Oct. p
81
979
259
14
247
407
168
3,7Q£
198
224
1,579
186
94
*
105
1,464
83
271
257
890
2
29
25
53
63
458
105
157
89
42
28
35
399
61
205
225
1,610
179
94
*
99
1,457
113
235
151
269
747
219.1
355
Sept. p
873
208
67
275
12,555
60
1
5
2
-
287
66
353
12,657
61
3
5
1
68
68
69
12,468
12,622
12,727
December 1977
105
fiAPTTAT, MOVEMENTS
Section II - Claims on Foreigners Reported by Banks in the United States
Table CM-II-6. - Long-Term Claims, by Type and Country, as of October 31, 1977
Preliminary
(Position in millions of dollars)
Long-term claims payable in dollars
Country
Total
long-term
claims
Loans
(2 )
(1 )
Total
(3)
Other
(4)
Long-term
claims
payable in
foreign
currencies
(5)
Europe:
Finland............................ .
France................................
Portugal...............................
Spain...................... ..........
19
30
54
73
460
106
154
92
42
26
33
416
64
12
23
51
73
455
106
153
92
35
26
33
413
64
12
14
23
51
61
431
*
13
24
152
78
32
25
*
14
3
100
6
1
21
21
12
392
64
9
42
391
3
20
508
4
8
3
5
-
1
-
6
3
_
*
22
Poland............................... .
U.S.S.R................................
Other Eastern Europe.....................
146
62
898
253
14
250
399
144
2
2
3,642
United Kingdom............ .............
Yugoslavia.............................
84
906
260
14
251
399
3,572
2,862
710
70
415
351
64
46
248
248
_
231
1,591
203
228
46
231
1,591
132
105
*
132
1,482
120
109
_
_
104
*
98
*
_
120
120
112
8
1,846
141
198
1,845
1,705
126
187
141
13
1
8
1
8
456
287
455
287
64
27
1
8
388
*
*
67
16
*
4
_
*
3
*
-
Canada.TtTTT-,T-T.T*.TTTTT__T__ Tttiri.TT..tTtT
Latin America:
Argentina............. ................
Bahamas................... ............
Chile.................................
Colombia........................ .......
Cuba................. .................
Ecuador................. ...............
Mexico................ ................
Panama.................. ........... .
Peru....................... ...........
Trinidad and Tobago.................. .
Uruguay................................
Venezuela...............................
Other Latin American Republics...... ......
Bermuda................................
British West Indies......................
Netherlands Antilles.....................
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............................. .
Lebanon................................
Malaysia...............................
Pakistan...............................
Philippines.............................
Singapore.......... ....................
Syria.................................
Thailand.... ..........................
Other Asia.............................
Total Asia.............................
Africa:
Egypt..................................
Ghana............................. .
Liberia............................... .
Morocco....... ........................
South Africa........ ...................
Zaire............... ..................
Other Africa...........................
64
42
100
12
138
197
100
12
211
42
*
30
*
14
220
399
142
2
12
6
10
271
64
27
96
7
7
«
1
_
1
1
*
_
15
1
_
5,581
5,561
K r
0 yTo?
(
434
on
<U
c
*
344
85
*
344
85
*
179
77
165
150
134
334
272
150
116
126
331
167
*
52
4
99
3
21
8
54
4
123
9
23
21
130
334
268
8
52
4
123
9
_
11
8
_
21
34
4
2
102
8
_
24
6
3
4
2
_
-
202
22
202
14
169
9
33
-
1,761
1,751
1,356
395
10
6
15
180
6
15
1
2
4
*
15
*
*
76
15
_
12
180
12
180
12
276
233
282
88
282
157
73
263
20
-
860
817
689
127
43
2$7
282
276
7
5
88
_
43
Total Africa................ ......... .
Other countries:
Australia... ...........................
All other..............................
Total other countries....................
Total foreign countries........ ........... .
International aad j a j f f l
agolt:
International............. ..... ........
European regional.......................
Latin American regional............. .....
Asian regional.................. ..... .
African regional........................
353
348
342
12,657
12,463
10,728
61
3
5
25
3
5
20
Total international and regional...........
69
34
25
9
36
Grand total........................ ......
1O r ^ (
tOr
J I 7
12,497
10^752
1,745
229
* Less than $500,000.
66
1
66
1
66
5
-
7
5
IQl
J-7H
J,
.
5
3
*
X
36
-
106
Treasury Bulletin
.CAPITAL MOVEMENTS.
Section HI - 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
(1)
566
(2)
491
(3)
428
(4)
62
(5)
1957.................
1958.................
499
440
368
71
60
1959.................
664
581
512
69
83
424
437
61
70
^
J
89
\
J
91
75
1960 2/..............
f
^
574
596
485
507
1961-Mar. ZJ ..........
f
674
691
583
600
510
525
73
76
June 7 j ..........
f
756
778
673
563
572
111
113
83
94
833
678
569
109
155
527
551
99
114
J
151
J
161
^
Dec.............
684
1962-June 2/..........
[
778
817
626
665
Dec. 2J ..........
f
798
805
637
644
508
513
129
130
775
626
479
148
763
725
622
585
471
441
151
144
807
700
556
144
^
^
1963.................
1964-June 2J ..........
f
\
Dec. 2/..........
1965 2/..............
i
I
1966.................
1967
2J..........
)
I
810
600
210
140
J
107
f
136
147
1,419
1,089
827
262
329
1,784
M15
1,371
1,386
1,027
1,039
343
347
414
428
2,737
1,608
1,225
382
1,129
3,511
V 4,428
.
1,786
2,124
1,399
1,654
387
471
1,725
2,304
5,780
2,677
2,181
496
3,102
f
V
1968.................
1969 2/..............
943
958
148
(
1970.................
1971
£/..............
f
V
5,863
5,901
2,704
2,763
2,229
2,301
475
463
3,159
3,138
1972
2/..............
f
t
6,659
7,017
3,119
3,414
2,635
2,948
484
466
3,540
3,603
1973.................
1974.................
7,899
9,799
4,012
3,300
5,022
1975.................
10,324
5,922
5,998
713
900
605
3,886
3,877
4,327
1976-June............
Sept............
Dec.............
1977-Mar.............
10,273
10,199
10,149
6,266
6,408
6,582
626
737
712
4,008
10,054
9,717
6,551
6,386
764
3,504
3,331
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; in such
cases, only the figure comparable to that for the following date is
shown.
1/ Data are shown for calendar year ends and for most recent five quarter
ends for which figures are available. Data are also shown
5,393
5,640
5,671
5,870
5,787
5,737
648
3,791
3,567
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 1977
107
______________________________ 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
Country
Europe:
Austria.......................
Belgium-Luxembourg..............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands....................
Norway........................
Portugal......................
Spain.........................
Sweden........................
Switzerland....................
Turkey........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe............
Poland........................
1972 1/
1977
1976
June p
1973
1974
1975
June
Sept.
Dec.
Mar.
13
233
12
1
159
228
29
116
170
22
3
51
24
213
20
839
108
7
n.a
.
10
16
10
166
7
2
200
174
48
131
141
29
13
40
34
190
13
878
123
7
n. a
.
9
13
2,227
9
168
15
2
163
175
80
135
168
37
23
52
36
214
12
689
113
6
6
15
7
2,126
10
138
14
10
157
163
73
154
205
33
20
68
36
236
21
730
110
6
4
16
6
2,208
2
75
9
4
163
145
24
118
102
9
4
79
12
122
3
949
7
2
n. a
.
*
3
1,830
2
88
7
4
150
162
15
103
108
14
4
77
13
105
4
1,118
7
2
n. a
.
*
3
1,986
3
139
9
7
140
232
40
98
125
9
13
75
48
102
10
961
16
3
n. a
.
9
25
2,063
20
524
24
16
203
313
39
124
117
9
19
56
41
138
8
1,263
40
5
n. a
.
48
16
3,021
14
299
9
3
149
149
19
172
114
20
4
81
29
134
25
1,003
76
8
n. a
.
20
11
2,340
2,273
15
183
13
17
185
256
28
148
141
24
5
36
35
243
16
888
113
8
n. a
.
19
14
2,387
209
215
263
307
295
372
327
379
403
420
19
323
35
18
8
1
n.a
.
27
8
5
n. a
.
6
17
35
n. a
.
n. a
.
10
7
19
396
35
9
7
1
n. a
.
26
18
4
n. a
.
7
17
39
n. a
.
n. a
.
10
4
38
428
64
12
9
*
n.a
.
46
13
15
n.a
.
2
36
51
n. a
.
n.a
.
6
22
14
*
n. a
.
60
21
14
n. a
.
2
49
83
n. a
.
n.a.
26
101
45
277
102
14
17
*
n.a
.
82
16
29
n. a
.
3
98
76
n. a
.
n. a
.
35
138
49
330
97
15
19
*
n.a.
72
12
31
n. a
.
3
184
102
n.a.
n.a
.
55
127
48
251
58
16
11
*
n. a
.
74
10
32
n. a
.
3
222
104
n.a
.
n. a
.
68
129
44
260
72
17
13
*
n. a
.
99
34
25
n. a
.
4
219
141
n. a
.
n.a
.
10
100
42
256
49
16
18
*
27
118
12
24
20
4
260
101
38
121
11
2
519
593
728
922
931
1,095
1,028
1,037
1,118
50
216
37
24
22
*
31
117
10
21
15
3
208
95
31
119
17
1
1,017
32
28
China, Republic of (Taiwan).......
12
Hong Kong......................
7
India.........................
12
Indonesia......................
12
Israel......... ...............
Japan.........................
149
Korea.........................
20
n.a
.
Lebanon.......................
n. a
.
Malaysia......................
Pakistan......................
n. a
.
Philippines....................
15
n. a
.
Singapore......................
n. a
.
Syria...........................
Tnailand......................
•
v
5
Middle-East oil-exporting countries AA
117
Other Asia..................... J
Total Asia.....................
410
Africa:
25
Egypt.........................
Ghana..........................
n.a
.
n. a
.
Liberia.......................
Morocco.......................
3
South Africa...................
7
Zaire......................... .
1
Oil-exporting countries j>/.......
Other Africa...................
)
56
Total Africa...................
92
Other countries:
47
Australia......................
All other......................
13
60
Total other countries............
3,119
Total foreign countries............
32
26
12
7
15
19
225
21
n.a
.
n. a
.
n.a
.
16
n.a
.
n.a
.
5
42
34
41
14
14
25
295
37
n.a
.
n.a
.
n. a
.
17
n. a
.
n. a
.
6
17
92
19
7
60
50
347
75
n. a
.
n. a
.
n. a
.
25
n. a
.
n. a
.
10
1
96
17
7
136
31
277
68
n. a
.
n.a.
n. a
.
14
n. a
.
n. a
.
18
1
122
28
10
115
34
272
60
n. a
.
n. a
.
n.a.
18
n.a.
n. a
.
11
1
110
40
23
110
37
193
76
n. a
.
n. a
.
n.a
.
3
113
42
39
94
37
172
96
2
25
3
59
63
8
102
183
536
1,031
1,035
1,260
1,385
480
708
1,237
1,695
1,705
l,978r
2,052
25
n. a
.
n. a
.
3
8
1
10
n.a
.
n.a
.
15
14
19
3
n.a
.
n. a
.
14
43
18
37
n.a
.
n. a
.
8
100
6
22
n.a.
n. a
.
32
88
12
25
n.a
.
n. a
.
42
65
24
27
n. a
.
n.a
.
43
54
36
59
110
112
96
168
190
239
390
377
532
279
435
444
603
30
56
30
86
5,764
55
17
73
5,722
32
12
44
6,020
50
57
49
14
44
3,414
71
12
82
4,012
18
67
6,222
19
76
19
68
72
20
92
6,374
6,359
6,216
*
*
*
*
*
*
*
*
_
*
*
158
-
276
_
_
-
246
-
186
-
208
-
192
_
_
-
170
*
-
246
186
170
4,012
5,998
6,266
6,408
208
6,582
192
3,414
158
5,922
276
3,119
6,551
6,386
Other Eastern Europe............
Total Europe...................
Canada..........................
Latin America:
Argentina......................
Bahamas 2/......................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago.............
Uruguay.......................
Venezuela......................
Other Latin American Republics....
Bermuda.......................
British West Indies.............
Netherlands Antilles.
2/..........
Other Latin America.............
Total Latin America.............
Asia:
China, People's Republic of
International and regional:
International..................
European regional...............
Latin American regional..........
Asian regional.................
African regional................
Total international and regional....
Grand total......................
1/
2/
2/
24
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.
Through December 31, 1972, Bermuda included with Bahamas.
Through December 31, 1975, Surinam included with Netherlands Antilles.
m
22
k/
1
lr
127r
33
11
131r
32
247r
85
n.a
.
n.a
.
n.a.
28
n. a
.
n. a
.
23
53
n. a
.
n. a
.
24
e
1
9
/ 1,268
I
13
2,057
2
138
27
41
80
45
184
95
2
32
2
73
44
12
11
1,087
15
1,891
33
4
4
70
27
39
361
50
587
29
*
r
/
I
2
27
33
39
374
8A
588
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
5/ Includes Algeria, Gabon, Libya, and Nigeria,
* Less than $500,000.
p Preliminary.
n.a. Not available.
108
Treasury Bulletin
.CAPITAL MOVEMENTS
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, 1977
Preliminary
(Position in millions of dollars)
Country
Europe:
Austria.........................
Beljium-Luxembourg................
Denmark............ , .........
Finland.........................
France..........................
Germany.........................
Greece..........................
Netherlands......................
Norway..........................
Portugal........................
Spain........... ................
Sweden..........................
Switzerland......................
Turkey...... ....................
United Kingdom...................
Yugoslavia.......................
Other Western Europe..............
Poland..........................
U.S.S.R.........................
Other Eastern Europe..............
Total Europe.................. .
Canada............................
Latin America:
Argentina.......................
PfthamBfl........... .
Brazil............ ’............
Chile...........................
Colombia........................
Cuba............................
Ecuador.........................
Mexico..........................
Panama..........................
Peru............................
Trinidad and Tobago ..............
Uruguay.........................
Venezuela.......................
Other Latin American Republics......
Bermuda.......................
British West Indies...............
Netherlands Antilles..............
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...........................
Lebanon.........................
Malaysia..... ............... .
Pakistan........................
Philippines......................
Singapore.......................
Syria...........................
Thailand........................
Other Asia.......................
Total Asia.......................
Africa:
Egypt...........................
Total
short-term
liabilities
Payable in
dollars
Payable in
foreign
currencies
10
14
1
94
13
10
138
44
10
10
157
163
73
154
205
33
141
133
73
122
181
32
20
20
68
55
34
180
17
36
236
21
1
*
16
30
*
32
24
1
*
13
2
56
4
42
730
688
1
2
4
16
109
4
4
15
6
6
*
2.208
1,939
420
213
269
208
50
216
37
24
49
168
35
24
*
31
117
*
31
114
110
6
21
22
10
21
10
21
15
3
208
95
31
119
17
14
3
204
91
31
*
1
1
48
2
*
*
*
*
3
1
*
1
1
1
*
4
4
*
16
*
*
1,017
936
81
102
16
2
-
27
41
80
45
184
95
137
25
40
80
45
127
95
*
2
2
32
32
2
138
2
2
1
1
1
1
57
*
*
*
*
1
1
Other Africa.....................
Total Africa.....................
Other countries:
72
43
12
10
*
1,103
1,891
1,089
14
78
33
4
4
70
27
39
411
587
33
3
3
69
25
35
409
578
*
*
*
72
Morocco.........................
73
44
70
19
89
5,567
2
1
3
— .......... 648
170
*
170
-
12
11
1,813
20
Total other countries.............
92
Total foreign countries.............
International and regional:
6,216
Total international and regional......
170
*
170
6,386
* Less than $500,000.
......
..... . "
J
- .......... 5,737 ...
1
2
2
4
2
9
648
December 1977
109
______________________________ CAPITAL MOVRMFTJTfi
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 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............
Poland........................
U.S.S.R.......................
Other Eastern Europe............
Total Europe........ ...........
Canada..... .....................
Latin America:
Argentina......................
Bahamas 2/.... ................
Brazil ,T....... ..............
Chile.........................
Colombia.............. ........
Cuba.................... .....
Ecuador.......................
Mexico....................... .
Panama........................
Peru... ..................... .
Trinidad and Tobago.............
Uruguay.......................
Venezuela......................
Other Latin American Republics....
Bermuda........................
British West Indies.............
..........
Netherlands Antilles
Other Latin America.............
Total Latin America..............
Asia:
China, People's Republic of
China, Republic of (Taiwan).......
Hong Kong......................
India.........................
Indonesia......................
Israel.........................
Japan...... ...................
Korea...,......................
Lebanon......... ..............
Malaysia...... ................
Pakistan......................
Philippines........ ...........
Singapore........ ..............
Syria.........................
Tnailand.............. ........
Middle-East oil-exporting countries 4
Other Asia................. .
'}
Total Asia.....................
Africa:
Egypt.........................
Ghana.........................
Liberia.......................
Morocco.......................
South Africa...................
Zaire.........................
1972 1/
1973
1974
1975
June
Sept.
2
213
38
*
55
361
20
152
207
*
*
3
5
573
*
983
*
*
n. a
.
-
*
175
36
*
31
392
8
150
219
2
*
4
5
572
*
1,112
•
*
*
n. a
.
*
1
266
29
*
24
474
1
144
218
1
* ^
5
30
590
*
1,236
*
1
n. a
.
9
*
10
196
27
*
58
506
1
87
214
1
*
5
31
522
*
1,631
*
1
n. a
.
19
*
*
187
29
*
47
425
1
71
233
*
*
6
32
467
*
1,516
*
1
n. a
.
20
*
10
152
26
*
39
406
1
75
290
*
*
6
38
327
*
1,470
*
*
n. a
.
20
*
2,560
2,613
2,706
3,036
94
104
3,032
100
3,309
64
155
166
1
250
1
1
*
n. a
.
1
11
3
n.a.
1
2
4
n. a
.
n. a
.
64
1
340
1
343
1
1
*
_
n. a
.
1
11
1
n. a
.
1
2
4
n.a.
n. a
.
18
1
385
1
471
1
1
1
_
n.a
.
3
4
*
n.a
.
*
1
7
n. a
.
n.a
.
5
9
505
1
177
3
1
1
_
n. a
.
3
7
*
n. a
.
*
1
7
n. a
.
n. a
.
7
7
216
1
238
4
1
1
*
*
1
*
6
481
*
n. a
.
n. a
.
n. a
.
5
n. a
.
n.a
.
*
*
1
*
*
6
490
*
n.a
.
n. a
.
n. a
.
5
n.a
.
n.a
.
*
*
*
1
*
*
8
512
•
*
n. a
.
n. a
.
n. a
.
6
n. a
.
n. a
.
*
X
495
1
503
*
n.a
.
n. a
.
*
*
-
74
3,540
Dec.
June p
Mar.
*
1
n.a
.
16
*
6
173
31
*
32
391
1
57
272
*
*
5
35
178
3
1,388
*
1
*
83
*
2,858
2,725
2,655
2,499
111
89
82
81
299
1
184
5
1
1
_
n. a
.
6
4
*
n. a
.
*
2
7
n. a
.
n. a
.
27
13
250
1
157
5
1
1
_
n.a
.
7
3
*
n. a
.
*
2
7
n.a.
n.a.
27
47
257
1
163
5
1
1
_
n. a
.
17
2
*
n.a. ,
*
2
9
n. a
.
n.a.
23
46
270
*
*
1
*
*
3
367
*
n. a
.
n. a
.
n. a
.
6
n. a
.
n. a
.
*
*
1
1
*
*
4
397
*
n. a
.
n. a
.
n. a
.
7
n. a
.
n. a
.
*
*
1
1
*
*
4
388
*
n.a.
n. a
.
n.a
.
8
n. a
.
n. a
.
*
*
1
1
*
*
4
402
*
n. a
.
n. a
.
n. a
.
8
n. a
.
n. a
.
*
*
1
1
*
•
*
5
397
*
n. a
.
n. a
.
n. a
.
8
n. a
.
n. a
.
1
2
531
82
460
87
496
87
489
82
498
9
423
*
n.a
.
n. a
.
*
*
-
*
•
n. a
.
n. a
.
*
6
-
*
n. a
.
n. a
.
•
*
4
*
n. a
.
n. a
.
*
*
*
*
n. a
.
n. a
.
*
■
*
*
*
n.a
.
n. a
.
*
*
*
*
n. a
.
n. a
.
*
1
*
6
6
1
8
1
6
2
2
1
2
1
2
1
2
-
1
*
32
*
64
*
2
33
3,886
3,877
3,603
International and regional:
International...................
European regional......... ......
Latin American regional...........
Asian regional..................
African regional.................
Total international and regional.....
-
-
Grand total............... ........
3,540
3,603
2
J
1977
*
254
43
*
78
348
20
152
236
*
*
3
*
475
•
*
949
*
*
n. a
.
-
Other Africa......... ..........
) .......
6
J
6
Total Africa...................
Other countries:
Australia......................
74
*
Total other countries............
Total foreign countries............
1976
_
*
•
-
»
3,886
Data on the two column 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.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles.
65
-
n.a
.
3
3
*
n.a
.
*
2
6
n. a
.
n.a
.
29
11
66
*
64
*
66
64
4,008
4,327
_
_
-
-
-
-
-
3,877
_
_
4,327
4,008
64
*
64
3,791
_
_
-
3,791
6
171
31
*
34
396
1
69
277
1
*
5
38
260
1
1,420
57
1
58
7,56?
_
_
-
163
5
1
1
*
21
2
*
_
*
3
8
2
42
21
1
272*
*
1
2
*
*
5
413
*
*
*
*
1
*
-
r
1
(
9
*
432
*
*
*
*
1
r
(
1
2
58
1
59
3,504
_
-
-
-
-
3,567
-
3,504
k / Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
5/ Includes Algeria, Gabon, Libya, and Nigeria,
* Less than $500,000.
p Preliminary.
n.a. Not available.
6
178
27
*
29
370
1
46
262
1
*
5
35
177
A
1,274
*
1
*
83
*
1
167
7
1
1
*
23
2
*
“
*
3
9
2
39
20
*
275
*
1
2
*
*
5
384
*
*
*
*
1
*
1
11
1
406
*
*
1
*
1
1
1
3
59
8
67
3,331
—
3,331
Treasury Bulletin
110
.CAPITAL MOVEMENTS.
Section IV - Claims on Foreigners Reported by Nonbanking Concerns in the United States
Table CM-IV-1. - Claims by Type
(In millions of dollars)
Short-term claims
End of
calendar year or
quarter-end month
1/
Payable in foreign currencies
Total claims
Payable m
dollars
Total
Deposits with banks
abroad in reporter's
own name
Other short-term
claims payable in
foreign currencies
Long-term
claims
705
(3)
637
568
605
(4>
78
88
68
(5)
63
63
32
1,432
1,505
1,248
1,305
824
875
939
968
58
71
76
89
549
560
1961-Mar. 2/..
*1,775
^1,859
*1,633
1,701
233
248
344
354
385
396
June 2J •
.
’1,895
1.934
1,496
1,528
1,181
1,208
122
126
193
194
399
406
Sept. 2 /.
’2,099
2,117
1,646
1,664
1,323
1,340
131
132
192 ^
192 J
453
151
502
1957.
1958.
1959.
I960 2 .....
j
(1)
947
943
1,009
(2)
777
720
...
(6)
170
223
304
2,138
1,636
1,335
150
1962-June £/..
’2,443
2,678
1,807
1,974
1,475
1,598
178
208
153
168
636
704
Dec. £/..
’2,809
2,867
2,051
2,098
1,625
1,668
214
217
212
212
758
769
1963-Mar. £/..
’2,929
2,979
2,113
2,162
1,712
1,758
201
204
200 'I
200 J
816
June 2 / ..
’3,048
3,164 J
2,282
1,877
222
183
f 766
^ 882
Dec. £/..
'2,854
2,922
2,131
2,188
1,739
1,778
201
199
191
211
723
734
1964-June 2/..
'3,297
3,245
2,432
2,430
2,000
1,952
220
219
262
260
Dec. 2/..
'3,738
3.934
2,776
2,853
2,306
2,338
189
205
281
310
962
1,081
2/....
’3,565
^3,438
2,397
2,299
2,000
1,911
167
166
229
222
1,169
1,139
1966.......
3,884
2,628
2,225
167
236
1,256
1967 2/.....
'4,483
4,581
2,946
3,011
2,529
2,599
201
203
216
209
1,537
1,570
Dec....
3965
196 8
1969 2/.....
197 0
1971 2/.....
1972 2/.....
1973.
1974.
1975.
J
815
5,572
3,783
3,173
368
241
1,790
5,925
k6,523
3,710
4,159
3,124
3,532
221
244
365
383
2,215
2,363
7,110
4,160
3,579
234
348
2,950
f 8,303
5,185
5,000
4,535
4,467
318
289
333
244
3,118
3,068
f 9,094
5,723
6,294
5,074
5,643
411
393
238
258
3,370
3,666
12,529
15,806
17,058
8,471
11,263
7,584
10,241
394
548
4,057
12,136
11,031
493
473
566
558
592
4,925
4,894
4,827
8,068
\ 9,960
539
1976-June...
18,802
13,820
Sept...
Dec....
1977-Mar....
June p.,
18,171
19,081
19,836
20,967
13,164
14,156
12,823
12,104
13,169
442
439
468
545
14,943
16,140
13,943
15,018
431
448
569
674
Note:
Breaks in series arising from changes in reporting coverage which
amount to $5 million or less for any year are not shown; in such
cases, only the figure comparable to that for the following date is
shown.
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
4,544
4,922
4,982
5,006
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 1977
111
___________________________ 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
1977
1976
Country
1972 1/
Europe:
Austria.......................
Belgium-Luxembourg..............
Denmark.......................
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands....................
Norway.........................
Portugal......................
Spain.........................
Sweden........................
Switzerland....................
Turkey........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe............
Poland........................
1973
1975
1974
June
Mar.
Dec.
Sept.
June p
27
218
40
90
Other Eastern Europe............
Total Europe...................
20
62
28
23
220
176
39
194
78
17
21
137
56
79
47
1,044
12
14
n.a.
23
19
2,309
Canada..........................
899
19
73
29
25
209
190
35
187
81
16
19
153
57
82
48
1,213
12
12
n.a.
23
19
2,502
960
59
520
175
33
41
1
n.a.
180
19
40
n.a.
4
89
91
n.a.
n.a.
12
23
1,289
55
662
170
25
39
1
n.a.
181
85
36
n.a.
4
92
95
n.a.
n.a.
13
42
1,500
47
626
232
34
40
1
n.a.
238
61
47
n.a.
5
134
140
n.a.
n.a.
13
222
1,840
2,335
58
667
409
36
49
1
n.a.
362
91
41
n.a.
4
176
159
n.a.
n.a.
12
303
2,367
*
67
24
33
33
31
456
63
n.a.
n.a.
n.a.
49
n.a.
n.a.
i5
*
65
36
33
48
31
508
67
n.a.
n.a.
n.a.
59
n.a.
n.a.
15
11
121
48
37
56
38
943
104
n.a.
n.a.
n.a.
73
n.a.
n.a.
19
17
138
62
37
92
44
1,230
201
n.a.
n.a.
n.a.
97
n.a.
n.a.
24
60
162
110
39
140
54
1,132
262
n.a.
n.a.
n.a.
96
n.a.
n.a.
22
16
212
104
51
143
53
1,170
129
n.a.
n.a.
n.a.
114
n.a.
n.a.
19
5
134
88
53
179
48
1,010
142
n.a.
n.a.
n.a.
93
n.a.
n.a.
23
3
197
96
55
185
41
912
117
n.a.
n.a.
n.a.
86
n.a.
n.a.
22
201
972
201
1,065
239
1,689
384
2,326
549
2,625
692
2,703
625
2,401
568
2,282
7
n.a.
n.a.
3
53
5
6
n.a.
n.a.
4
52
8
9
n.a.
n.a.
3
62
18
15
n.a.
n.a.
7
101
24
22
n.a.
n.a.
10
93
24
28
n.a.
n.a.
12
83
25
36
n.a.
n.a.
9
78
28
28
n.a.
n.a.
10
87
21
73
140
90
160
124
216
225
372
256
405
230
378
255
406
247
392
94
20
83
23
107
97
25
102
39
100
56
112
67
141
12,135
155
13,819
178
13,163
105
65
170
14,155
111
36
147
14,940
*
*
*
-
*
1
*
-
*
1
*
*
2
1
*
*
*
1
*
-
-
-
1
1
2
1
14,156
14,943
16,140
Latin America:
Argentina......................
Bahamas g /. .....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago.............
Uruguay.......................
Venezuela......................
Other Latin American Republics....
Bermuda.......................
British West Indies.............
Netherlands Antilles 2 / ..........
Other Latin America.............
Total Latin America.............
Asia:
China, People's Republic of
China, Republic of (Taiwan).......
Hong Kong......................
India.........................
Indonesia......................
Israel........................
Japan.........................
Korea.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines....................
Singapore......................
Syria.........................
Tnailand...................... ^
Middle-East oil-exporting countries4b'}
Other Asia..................... J
Total Asia.....................
Africa:
Egypt.........................
Ghana.........................
Liberia.......................
Morocco.......................
South Africa...................
Zaire......................... v
Oil-exporting countries 5/.......
Other Africa...................
Total Africa...................
Other countries:
Australia......................
All other......................
Total other countries............
Total foreign countries............
J
17
106
46
44
278
280
51
230
108
18
49
242
71
102
25
1,545
36
15
n.a.
77
27
3,368
26
128
42
120
428
335
65
395
143
36
81
367
89
136
26
1,847
22
21
n.a.
91
50
4,450
16
133
39
81
291
355
33
380
167
41
44
407
62
242
27
1,903
36
14
n.a.
150
70
4,490
17
193
30
131
363
358
47
335
146
52
22
432
84
270
31
2,602
28
14
n.a.
96
75
5,326
21
195
26
135
413
492
56
358
142
43
28
336
62
253
23
2,365
30
17
n.a.
81
79
5,151
21
162r
56
77
426
378
51
384
166
51
40
369
90
241
25
2,445
26
20
n.a.
156
85
5,269
5,218
5,808
1,235
1,613
2,107
2,201
2,196
2,464
2,432
2,570
67
594
468
106
54
1
n.a.
308
131
44
n.a.
5
193
199
n.a.
n.a.
20
147
43
1,150
462
46
57
1
n.a.
332
101
39
n.a.
4
186
188
n.a.
n.a.
10
436
39
940
417
26
66
1
n.a.
352
83
35
n.a.
22
215
182
n.a.
n.a.
9
444
46
1,869
535
35
75
1
34
317
105
32
13
6
214
726
14
11
51
2,231
457
28
72
1
39
301
120
28
11
5
245
186
175
911
8
60
3,055
2,831
44
1,384
682
34
59
1
n.a.
332
74
42
n.a.
5
194
276
n.a.
n.a.
9
441
3,579
4,400
4,928
7
130
107
35
206
51
96$
130
15
19
18
84
43
7
8
131
93
51
184
70
934
158
18
24
23
87
40
10
22
114
5,723
6,294
123
8,471
116
49
165
11,262
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
23
170
48
40
422
367
90
473
172
42
35
325
93
154
32
2,475
30
18
69
105
35
177
r
[
I
r
/
^
27
426
41
2,314
70
3
51
12
80
19
82
113
429
402
377
86
439
182
42
30
322
92
179
37
3,027
27
15
74
76
28
422
45
2,318
24
5
41
9
69
17
91
111
368
106
40
145
16,139
International and regional:
-
-
-
-
-
1
*
*
*
*
1
1
*
•
*
1
1
5,723
European regional ..............
Latin American regional..........
Asian regional.................
African regional................
Total international and regional....
6,294
8,471
11,263
12,136
13,820
1/ Data on 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.
2/ Through December 31, 1972, Bermuda included with Bahamas.
2/ Through December 31, 1975, Surinam includes with Netherlands Antilles.
13,164r
, 4/ Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States),
5/ Includes Algeria, Gabon, Libya, and Nigeria,
p Preliminary.
* Less than $500,000.
n.a. Not available.
112
Treasury Bulletin
.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, 1977
Preliminary
(Position in millions of dollars)
Country
Europe:
Austria...... ...................
Beljiuro-Luxembourg. ...............
Denmark............ , .........
Finland....... .................
France..........................
Germany..........................
Greece....... ...................
Italy...........................
Netherlands..................
Norway... ......................
Portugal............... .........
Spain...........................
Sweden.................. ........
Switzerland........ .............
Turkey....... ...................
United Kingdom....................
Yugoslavia.......................
Other Western Europe..............
Poland..........................
U.S.S.R.........................
Other Eastern Europe..............
Total Europe................. .
Canada............................
Latin America:
Argentina.......................
Bahamas.........................
Brazil..........................
Chile...........................
Colombia......... ...............
Cuba............................
Ecuador.........................
Mexico..........................
Panama..........................
Peru............................
Trinidad and Tobago ..............
Uruguay.........................
Venezuela.......................
Other Latin American Republics......
Bermuda.........................
British West Indies.... ...........
Netherlands Antilles..............
Other Latin America...............
Total Latin America...............
Asia:
China, People’ Republic of
s
(China Mainland).................
China, Republic of (Taiwan).........
Hong Kong.......................
India...........................
Indonesia.......................
Israel..........................
Japan...........................
Korea............... ...........
Lebanon..........................
Malaysia........................
Pakistan........................
Philippines......................
Singapore.......................
Syria...........................
Thailand........................
Other Asia.......................
Total Asia.......................
Egypt...........................
Ghana...........................
Liberia.........................
Morocco.........................
South Africa.....................
Zaire...........................
Other Africa.....................
Total Africa..... ................
Other countries:
Australia.......................
All other.......................
Total other countries.............
Total foreign countries.............
Total
short-term
claims
Payable in
dollars
Payable in foreign currencies
Deposits with
Other short-term
banks abroad
claims payable in
in reporter’s own name
foreign currencies
21
118
38
89
390
336
84
433
161
35
29
304
88
138
36
2,967
26
12
72
75
28
5.482
2,166
*
87
1
*
2
16
1
2
14
2
*
14
1
27
1
33
*
1
*
*
*
202
50
2,169
440
27
70
*
39
290
119
26
9
5
233
175
175
911
7
59
4,806
*
62
14
*
1
1
*
1
1
2
1
*
7
6
*
8
131
93
51
184
70
934
158
18
24
23
87
40
10
22
466
8
128
87
45
183
68
735
155
17
24
22
85
37
9
20
453
-
1
1
4
*
*
57
1
*
*
*
1
1
*
*
8
*
2
5
1
1
1
141
2
1
*
*
1
3
*
1
6
2,318
2,077
75
166
24
5
41
9
69
17
202
368
22
2
41
8
62
13
196
345
2
2
*
*
2
2
3
11
1
1
*
1
6
2
3
13
106
40
102
38
1
*
3
1
145
141
1
4
16,139
15,017
448
674
-
27
218
40
90
402
377
86
439
182
42
30
322
92
179
37
3,027
27
15
74
76
28
5.808
2,570
51
2,231
457
28
72
1
39
301
120
28
11
5
245
186
175
911
8
60
4,928
_
62
-
*
1
97
International and regional:
International............. ......
European regional.................
Latin American regional............
Asian regional.............. .....
African regional.................
*
1
*
*
1
*
-
-
-
-
Total International and regional....
Grand total......................
1
16,140
1
15,018
* Less than $500,000.
•
.. 44$'
5
13
1
*
10
25
1
5
7
4
*
4
3
13
*
27
1
1
1
1
1
124
342
*
*
2
*
1
-
*
10
1
1
1
*
4
5
*
*
*
*
26
674
December 197 7
113
..CAPITAL M OVEM ENTS,
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
(In millions of dollars)
End of
calendar year
or month
Payable in dollars
Total
short-term
liquid
claims
(1)
Deposits
Total
Demand
(3)
19
19
58
(2)
691
625
805
901
9*5
1,306
1,068
1,222
1965 2/.
1966....
1967 2/.
1968....
1969 2/.
1970....
Time
(4)
557
549
699
702
786
1,192
66
66
28
951
1,062
1971 Z/*
847
1,295
1,205
6~
97
1,092
1,078
1972 2/.
1,615
1,966
1,446
1,910
2,641
2,660
2,604
2,591
1973....
Short-term
investments 1/
(5)
114
57
48
Total
133
133
87
116
161
150
177
178
332
250
269
2,710
4.415
4,000
4,249
4,529
4.788
3,630
3,858
4,1434.415
5,412
5,696
6,451
6,441
7,481
7,685
4,693
4,984
5,776
5,707
6,786.
6,896.
7,357
7,739
6,846
6,618
6,975
6,117
4,325
4,607
5,321.
5,125
6,264
6,424
6,195
6,474
5,709
July.
Aug.
Sept.
174
183
431
429
757
680
511
394
286
747
710
623
680
537
478
408
394
720
711
675
733
695
790
739
764
729
370
391
387
373
368
377
455
582
523
471
424
501
408
Note:
Data represent the liquid assets abroad of large nonbanking
concerns in the United (States. They are a portion of the total claims
on foreigners reported by 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 readilytransferable foreign obligations payable
on demand or having a contractual maturity of not more than one year
49
49
60
76
86
544
697
411
396
373
423
361
389
352
394
356
210
232
216
286
308
315
302
310
334
401
387
370
373
373
4,747
4,959
5,152
5,468
77
77
173
234
234
307
340
169
55
37
3,042
50
51
49
294
354
302
350
408
203
127
4.788
1976- Sept,
Oct.,
Nov.,
Dec..
1977-Jan..
Feb..
Mar.,
Apr.,
May.,
June,
(6)
227
219
168
69
332
1974....
1975....
1976....
Payable in foreign currencies
Deposits
Short-term
investments 1/
Demand
Time
(8)
(9)
(
7)
95
45
88
45
40
69
59
120
68
42
68
113
268
246
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 the
second line are comparable to those shown for the following date.
Table CM-IV-5. - Short-Term Liquid Claims Reported by Large Nonbanking Concerns by Country
Calendar year
1977
Country
1972
1973
1974
1975
May
134
50
24
•
*
84
27
1,920
19
28
2,318
1,645
1,653
Belgium-Luxembourg......... .
France.............. •«......
Germany.................
Italy......................
Netherlands.................
Switzerland.......... .
United Kingdom............ ..
2
21
912
6
1,128
15
1,350
68
1,306
67
33
25
3
16
72
1,837
Canada......................
535
775
967
1,156
1,539
34
25
13
17
51
18
10
16
6
23
3
63
10
29
12
3
4
12
14
June
1976
July
Aug.
Sept.
147'
25
46
133
49
26
187
39
17
55
26
2,123
1,725
16
27
2,194
19
34
1,781
1,930
1,607
2,115
2,113
2,225
184
149
139
1,753
147
130
65
22
1
2
2
11
Bahamas 1/..............
562
597
391
546
1,264
Japan............ ......•••••
137
299
398
345
113
An other countries 2/........
114
279
184
256
498
1,025
1,151
957
963
1,276
Total......................
2,373
3,185
3,357
3,799
5,468
7,481
7,685
7,357
7,739
6,846
Note:
Data represent the liquid assets abroad of large nonbanking con
cerns in the United States. They are a portion of the total claims on
foreigners reported by noribanking concerns in the United States and
are included in the figures shown in Tables CM-IV-1 through CM-IV-3.
2,414
!
18
5
1 / Through December 31, 1972,^Beimuda included with Bahamas
27 Includes the liquid claims of $500 thousand or-more held by reporting
concerns in any country not listed above.
114
Treasury Bulletin
____________________________ 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 September 30, 1977
(Position in millions of dollars)
Payable in dollars
Country
Belgium-Luxembourg...........
Italy......................
Netherlands.................
Total
short-term
liquid
claims
Cl)
147
25
46
11
Total
Deposits
(2)
(
3)
64
25
29
64
11
11
6
29
Payable in foreign currencies
Short-term
investments 1/
(4)
Total
(5)
()
6
19
83
*
83
*
*
-
17
17
1
1
-
16
32
16
32
44
369
44
56
-
Deposits
Short-term
investments 1/
(7)
-
1
1,737
1,724
13
1,238
890
348
1,753
1,735
1,735
-
17
17
-
50
43
7
97
36
60
1,276
Total......................
3
1
147
Bahamas................... ..
3
1,607
United Kingdom..............
19
34
1,781
1,224
1,203
22
52
52
*
6,846
6,117
5,709
408
729
356
373
Note:
Data represent the liquid assets abroad of large nonbariking concerns
in the United States. They are a portion of the total claims on foreigners
reported by noribanking concerns in the United States that are included
in the series published in Tables CM-IV-l through CM-IV-3.
1/ Negotiable and other readily transferable foreign obligations payable
313
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/ Includes the liquid claims of $500 thousand or more held by reporting
concerns in any country not listed above.
* Less than $500,000.
115
December 1977
_____________________________ 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)
1976
Calendar year
Country
Europe:
Austria.......................
Belgium-Luxembourg..............
1972 1/
2
4
1973
Finland.......................
France........................
Germany.......................
Greece........................
Italy.........................
Netherlands....................
Norway.........................
Portugal......................
Spain.........................
Sweden........................
Switzerland....................
Turkey........................
United Kingdom.................
Yugoslavia.....................
Other Western Europe............
Poland........................
6
22
7
53
54
343
25
13
70
34
28
15
163
16
11
n. a
.
Other Eastern Europe............
Total Europe...................
7
5
8
10
2
6
43
9
37
56
339
30
13
55
25
52
26
290
16
7
n. a
.
20
9
878
935
1,051
1,007
1,141
1,164
59
8
184
236
30
9
n.a
.
60
36
16
n. a
.
4
30
223
n.a
.
n. a
.
*
7
60
25
187
238
32
9
n. a
.
64
35
16
n. a
.
4
30
241
n. a
.
n. a
.
12
45
Latin America:
Argentina.....................
Bahamas 2/ ....................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago.............
Uruguay.......................
Venezuela......................
Other Latin American Republics....
Bermuda.......................
British West Indies.............
Netherlands Antilles 2 / .........
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.........................
Lebanon.......................
Malaysia......................
Pakistan......................
Philippines....................
Singapore......................
Syria.........................
Tnailand......................
Middle-East oil-exporting countries U \
Other Asia..................... J
Total Asia.....................
Africa:
Egypt.........................
Ghana.........................
Liberia.......................
Morocco.......................
South Africa...................
Zaire......................... .
Oil-exporting countries jj/.......
Other Africa................... /
Total Africa...................
Other countries:
Australia......................
All other......................
Total other countries............
Total foreign countries............
8
15
1
7
53
23
21
40
280
12
9
46
42
44
3
364
11
4
n. a
.
11
11
Dec.
Sept.
12
44
1
12
57
35
12
36
211
14
14
23
47
56
2
June p
Mar.
11
37
1
17
59
72
9
34
156
17
13
33
50
57
1
240
10
2
n.a.
20
15
11
38
1
18
65
84
7
34
154
16
12
44
52
53
10
207
8
2
8
18
7
11
33
1
17
63
76
5
30
147
14
21
47
50
43
6
221
7
2
7
19
6
847
6
57
37
15
41
217
6
6
47
42
59
2
332
8
3
n. a
.
11
17
10
3
n. a
.
17
15
13
39
1
16
58
73
10
36
211
14
13
26
47
54
1
245
10
3
n. a
.
17
13
1,283
963
1,421
929
1,511
901
1,507
853
" 1,530
1,475
829
1,486
13
48
131
145
254
12
9
n. a
.
79
49
18
n. a
.
18
38
239
n. a
.
n. a
.
1
20
44
19
187
435
13
9
n. a
.
153
112
19
n. a
.
18
154
217
n. a
.
n. a
.
3
7
38
8
172
315
18
9
n. a
.
216
115
26
n.a
.
18
459
217
n. a
.
n. a
.
21
8
35
37
165
306
20
9
n. a
.
187
133
29
n a
. .
18
358
284
n.a
.
n. a
.
20
7
119
37
172
244
23
9
n. a
.
219
138
33
n. a
.
19
302
289
n. a
.
n.a
.
28
6
106
36
133
248
33
9
n. a
.
195
110
40
n. a
.
20
273
287
n. a
.
n. a
.
27
6
97
34
125
210
32
9
15
180
126
38
6
19
298
267
4
2
26
1
83
34
125
208
32
9
19
178
121
39
7
19
294
257
4
2
26
1
902
955
1,061
1,391
1,640
1,609
1,637
1,521
1,489
1,457
39
1
17
28
74
156
85
n. a
.
n. a
.
n. a
.
63
n. a
.
n. a
.
16
40
1
16
32
75
133
65
n. a
.
n. a
.
n. a
.
63
n. a
.
n. a
.
4
10
54
4
15
37
92
125
91
n. a
.
n. a
.
n. a
.
85
n. a
.
n. a
.
8
46
7
11
33
123
112
164
n. a
.
n. a
.
n. a
.
83
n.a
.
n. a
.
6
52
3
7
24
122
90
197
n. a
.
n. a
.
n. a
.
78
n. a
.
n. a
.
5
48
3
6
23
161
85
198
n.a
.
n.a.
n.a
.
92
n.a.
n. a
.
7
48
3
6
34
170
80
224
n. a
.
n.a
.
n. a
.
86
n. a
.
n. a
.
6
-
42
3
5
66
187
96
220
12
7
9
117
10
-
38
3
5
62
194
108
197
20
7
9
83
562
81
511
93
613
94
681
91
669
89
712
82
739
*
n.a
.
n. a
.
1
21
11
3
n. a
.
n. a
.
*
23
11
2
n.a
.
n.a.
1
26
10
128
165
147
7
Canada..........................
7
7
7
6
26
7
43
45
364
28
16
65
34
29
27
191
16
13
n. a
.
June
1975
1974
1977
*
833”
*
*
310
“ “— —
——
*
4
n. a
.
n.a
.
*
9
1
4
n. a
.
n. a
.
*
2
1
4
n.a
.
n.a
.
*
22
2
3
n.a
.
n. a
.
1
17
8
*
n. a
.
n.a
.
1
31
12
72
87
78
86
87
115
98
127
125
168
130
100
5
29
5
32
17
29
20
34
19
105
3,366
49
4,054
49
4,538
35
19
55
4,916
53
4,976
5,001
4
-
5
-
6
-
6
-
5
4,544
6
4,922
6
4,982
73
775r
6
-
4
4,057
34
2
6
89
172
77
228
n. a
.
n. a
.
n.a.
89r
n. a
.
n. a
.
5
International and regional:
International.................
European regional................
Latin American regional...........
Asian regional..................
African regional.................
4
*
-
34
3,662
— —
4
-
Total international and regional.....
Grand total......................
4
3,370
4
3,666
1/ Data on 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.
2/ Through December 31, 1972, Bermuda included with Bahamas.
163
187
33
19
52
6
5,006r
33
17
51
4,917r
7
7
4,925r
C
(
V
r
f
I
4
35
3
817
2
96
1
24
1]L
i
65
199
140
9
2
32
3
831
*
55
*
25
10
1
67
158
4,878
34
17
51
4,812
16
16
16
16
4,894
4,827
34
18
52
2 / Through December 31, 1975, Surinam included with Netherlands Antilles,
&J Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States),
1/ Includes Algeria, Gabon, Libya, and Nigeria.
p Preliminary.
* Less than $500,000.
n.a. Not available.
116
Treasury Bulletin
.CAPITAL MOVEM ENTS.
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 tfaited States )
Marketable Treasury bonds and notes
Corporate and other securities
U.S. Gov’ corporations a <
t,
n
Federally-sponsored agencies
Calendar year
or month
Total
(1 )
1958.,
1959.,
1960.,
1961.,
1962.,
1963.
1964.........
1965.........
1966.........
1967. .........
1968.........
1969.........
1970.........
1971.........
1972.........
1973.........
1974.........
1975.........
1976.........
1977-Jan-Oct.
p.
36
689
127
512
-728
671
-338
-76
-616
-43
-489
-45
56
1,672
3,316
305
-472
1,995
8,096
L8,498
1976-Oct.....
Nov.....
Dec.....
1,019
576
735
1977-Jan.....
Feb.....
Mar.....
Apr.....
May.....
June....
510
1,505
l,076r
-28r
886
2,451
1,238
4,151
3,499
3,212
July....
Aug.....
Sept.p....
Oct. p....
Foreign countries
Official Other
insti
foreigntutions
( 2)
er?3>
-237
524
-98
-20
-207
369
-59
-20
-24548
-380
-115
-41
1,661
3,281
465
-642
1,612
5,117
16,816
36
95
56
30
51
59
123
-119
-22
5
69
203
277
715
421
56
43
7
229
709
l,251r
l,253r
1,152
1,962
21r
23
73r
111T
24r
168
1,048
3,696
2,508
3,006
Gross
Inter
national foreign
purchases
and
regional
(5)
(4)
1,224
273
165
1,217
1,730
224
532
1,744
-521
1,780
302
1,867
-315
1,149
-151
1,077
680
-427
-121
585
-161
443
528
11
-25
691
130
2,414
4,358
57
2,738
-165
101
3,382
180
8,898
2,702
25,610
32,421
967
Gross
Gross
Gross Net
Gross
Gross Net
Gross
Net
Gross
foreign foreign foreign
foreign foreign foreign foreign
foreign foreign foreign
purchases purchases sales purchases purchases sales purchases purchases sales
sales
( 6)
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
3,854
6,903
17,514
13,923
(7)
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
2,161
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n.a
.
3,504
(9)
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n.a
.
n. a
.
n.a
.
n. a
.
n. a
.
n. a
.
n. a
.
n. a
.
n.a
.
n. a
.
n. a
.
n. a
.
n. a
.
n.a
.
1,343
3,790
1,672
3,444
3,055
n. a
.
n. a
.
n. a
.
n.a.
n. a
.
n.a.
n. a
.
n. a
.
n. a
.
1,932
3,099
3,000r
2,424r
1,909
3,556
1,594
l,925r
2,452r
1,024
1,105
59r
100
71
65
227
340
736
193
307
261
773
-248
-1,392
-291
321
Stocks
Bonds 2 /
Net foreign purchases
2,691
4,021
1,422
83
-5
92r
320r
92
414
130
1,592
301
355
5,456
1,306
354
342
4,642
-1
919
1,143
4,810
1,599
141
523
1/ Data include transactions in issues of states .and municipalities. Through
December 1976, data also included transactions in issues of corporations
and other agencies of the U.S. Government.
( 8)____
( 10)
( 11 )
( 12 )
17
73
50
-99
-51
9
176
38
361
344
296
392
416
359
369
442
317
308
256
461
675
1,553
2,243
4,446
3,054
2,499
2,967
4,723
5,828
8,621
5,408
5,529
3,155
1,011
313
1,964
1,202
956
703
1,881
1,961
1,039
766
1,207
1,562
238
-4
58
156
432r
280
653
59
64
65r
112r
187
239
-5
325
46
312
185
168
625
360
533
258
476
192
451
329
323
434
398
264
687
134
56
264
164
166
318
121
121
317
123
252
142
10
240
(13)
-56
363
198
-349
-413
-333
757
2,270
1,487
626
731
2,188
2,790
540
4,678r
2,753
1,996
(14)
1,397
2,224
I,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
12,767
7,636
15,355r
18,227
II,629
386
364
524
-95
-49
274
1,226
977
1,562
1,321
1,025
1,287
263
150
299r
134r
129r
236r
229
l,430r
l,l67r
l,105r
l,142r
1,207
1,196
l,131r
l,032r
976r
906r
978
948
1,162
900
847
752
246
284
637
542
1,929
2,481
1,853
1,543
2,263
2,842
3,867
7,582
4,642
4,322
1,593
202
323
111
146
138
144
155
152
196
119
129
248
211
123
165
222
1,373
1,023
1,012
973
(15)
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
7,096
10,678
15,475
9,633
p Preliminary,
n.a. Not available,
r 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 Ufaited States)
Calendar year
or month
Net foreign
purchases
of foreign
securities
(1 )
1977-Jan.- Oot,P............
1976-0ct..................
1977-Jan..................
Feb..................
Mar..................
Apr..................
May..................
June.................
July.................
Sept.p...............
Oct. p...............
p
r
Preliminary,
Revised.
Foreign bonds
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
-2,034
-6,514
-9,053
-4,799
-369
-482
-1,396
-90r
-48lr
-123r
-53r
-878r
-824r
(2)
-1,026
-512
-562
-460
-944
-1,095
-928
-1,242
-914
-1,163
-1,380
-1,029
-951
-935
-1,031
-993
-2,218
-6,326
-8,730
-4,30l
-368
-481
-1,400
-71r
-373r
-58r
-lOr
-866
-765
-469
-1,066
-655
-16Q
-205
-1,003
-685
-266
Gross foreign
purchases
(3)
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
1,036
2,383
4,932
7,015
452
455
670
819r
581
629r
606
607
636
786
852
701
797
Foreign stocks
Gross foreign
sales
(4)
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
3,254
8,708
13,662
11,316
819
936
2,070
890r
954r
687r
616r
1,473
1,401
991
1,854
1,386
1,063
Net foreign
purchases
.
(5)
-336
-238
-83
-370
-104
51
200
290
229
-157
-314
-517
35
-49
409
176
I84
-188
-323
-498
-2
-2
4
-19
-109
-65r
-43r
-12r
-60r
-265
-63
3°
" o
’
Gross foreign
purchases
(6)
467
566
509
596
702
696
748
906
960
880
1,252
1,519
1,033
1,385
2,532
1,729
1,907
1,542
1,937
1,759
132
167
217
181
130
183r
153r
200r
169r
159
169
168
247
Gross foreign
sales
(7)
804
804
592
966
806
644
548
617
731
1,037
1,566
2,037
998
1,434
2,123
1,554
1,723
1,730
2,259
2,257
133
168
213
199
238
249
197
211
229
423
232
138
141
December 1977
117
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 outflcwr of capital from the United States)
1977
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............
Poland........................
U.S.S.R.......................
Other Eastern Europe............
Total Europe...................
Canada..........................
Latin America:
Argentina......................
Bahamas.......................
Brazil........................
Chile.........................
Colombia......................
Cuba..........................
Ecuador.......................
Mexico........................
Panama........................
Peru..........................
Trinidad and Tobago.............
Uruguay...... .................
Venezuela......................
Other Latin American Republics....
Bermuda......... ...............
British West Indies.............
Netherlands Antilles 1/..........
Other Latin America..............
International and regional:
International..................
European regional........ ......
Latin American regional.......
Asian regional.......... .......
Total international and regional....
Grand total....... ............
1/
2/
May
June
4
*
*
-8
5
*
-1
5
4
*
*
16
-4
*
70
5
n. a
.
_
*
96
*
3
*
17
-3
206
*
*
10
39
*
*
25
26
_
-129
_
7
n. a
.
_
*
200
*
1,245
JL0.243
119
131
-317
-139
38
*
*
*
*
*
20
1
*
*
*
*
■
*
•
*
78
*
*
1
*
*
*
1
-5
*
145
8
3
1
-43
-1
-1
*
*
153
101
112
*
*
*
n. a
.
*
*
•
n. a
.
*
*
n. a
.
n.a
.
81
5
86
Total Latin America..............
Asia:
China, People's Republic of
(China Mainland)...............
China, Republic of (Taiwan).......
*
Hong Kong......................
India.........................
Indonesia....... ..............
*
Israel........................
Japan.........................
-1,054
Korea.........................
n.a.
Lebanon....................... .
n.a.
Malaysia......................
n.a
.
Pakistan....... ...............
■
*
Philippines....................
n.a.
Singapore......................
n. a
.
Syria.........................
Tnailand......................
Middle-East oil-exporting countries 2/\
j
200
Other Asia...... .............
Total Asia.....................
-854
Africa:
-1
Egypt.........................
n. a
.
Ghana.........................
n. a
.
Liberia.................. .....
Morocco.......................
*
South Africa.............. .....
*
Zaire.........................
Oil-exporting countries j/........
Other Africa...................
Total Africa................... J
-6
Other countries:
Australia.... .................
All other....... ..............
Total other countries........... .
Total foreign countries............
1977
through
Oct. p
1976
1975
1974
*
1
*
18
53
549
*
-5
272
1
*
*
-85
206
*
122
_
114
n. a
.
10
5
-14
33
1,402
10
-1
533
11
*
*
-66
213
_
8,126
_
-20
_
-
_
*
*
_
_
*
34
-7
-15
*
41
3
207
*
60
*
-227
*
n. a
.
n. a
.
31
*
f 1,797
\
1,660
*
*
1,814
5,393
17,531
225
2,584
119
-
995
•
-28
-
-
-44
-
-
4
4
5
4
2
-1
*
*
*
27
*
*
*
*
*
*
-6
3
*
•
*
U
*
-3
*
-
*
*
*
*
*
*
*
*
-
*
*
*
*
*
*
*
*
*
-10
*
*
13
-
*
*
*
24
9
3
3
180
1,995
_
1
2,702
8,096
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia,
and the United Arab Emirates (Trucial States).
967
18,498
1/
p
*
5
-
_
_
_
_
-
32
-
1
■
160
-25
-573
12
2.394
879
-1
18
18
2,089
_
1,052
-25
-
-14
1,505
*
1,698
7,289
-264
*
_
-31
10
_
3,954
*
*
M
r
*
101
1
2,256
*
*
_
_
25
112
_
46
*
-19
10
-14
-
221
I
4
208
_
*
_
516
-29
_
*
-34
28
397
-
_
*
1
953
*
1
_
600
63
*
-4
392
-
*
*
f
n.a.
*
*
170
2
*
_
*
3
110
_
*
86
Oct. p
1,238
8
*
19
5
*
3,270
373
187
20
98
58
3,259
-
*
170
_
Sept. p
*
•
*
_
_
-4
581
_
-1
130
10
*
*
6
-7
1,539
_
_
*
11
*
_
_
46
878
_
10
_
*
10
*
-1
-583
-10
*
n. a
.
n. a
.
-21
594
77
3,887
*
_
*
_
-264
*
101
-472
_
Aug.
*
1
_
5
-1
4
-3
1
_
-3
-2
149
_
*
74
*
_
_
1
10
1,009
_
1
_
_
_
—■
_
_
n.a
.
_
*
_
221
*
96
5
-
3
3
_
3
-2
*
5
*
30
_
*
-40
31
112
_
-27
_
Jul£
32
.....
18
5
_
*
711
59
1,504
870
671
.
_
_
*
_
_
-3
-10
3
1,177
-3
2,131
-10
1,108
3,796
-286
-5
-
321
87
42
-291
886
321
2,451
—
141
17
20
533
-
3
-
*
*
_
*
32310
54
284
-
*
-
*
3
*
_
609
77
_
*
22
_
161
-
_
-26
-26
-
*
*
_
_
_
_
_
_
-
-
_
-
_
-
-
-
-
-1
*
4
4
2,580
_
1
1
-
-1
390
-
3,071
141
-
141
3,212
130
1,238
354
919
4,151
3,499
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a. Not available
_
929
-10
-
-36
-
-
_
_
-
-
118
Treasury Bulletin
CAPITAL MOVEMENTS
Sections 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)
Calendar year
1977
Country
Europe:
Austria.........................
Beljiura-Luxembourg................
Denmark.........................
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands......................
Norway..........................
Portugal........................
Spain...........................
Sweden..........................
Switzerland......................
Turkey..........................
United Kingdom...................
Yugoslavia.......................
Other Western Europe..............
Poland 1/.......................
Other Eastern Europe..............
Total Europe.....................
Canada............................
Latin America:
Argentina......... ..............
Bahamas........... .
Brazil..........................
Chile...........................
Colombia........................
Cuba............................
Ecuador 1/......................
Mexico........... ...............
Panama..........................
Peru............................
Trinidad and Tobago 3/ ............
Uruguay.........................
Venezuela.......................
Other Latin American Republics......
Bermuda 1/.......................
British West Indies i j ............
Netherlands Antilles 2/............
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...........................
Lebanon 1/......................
Malaysia 1/......................
Pakistan i/......................
Philippines......................
Singapore i/.............. ......
Syria 1/........................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
1976
1975
1974
*
10
*
1
*
9
*
*
6
9
*
1
251
30
*
493
*
13
*
18
*
215
*
*
16
48
76
n.a.
5
885
*
1
275
55
*
363
83
n.a.
4
1,085
713
r~ .395..
-
May
*
14
1
36
45
764
*
*
288
49
*
1
191
261
*
485
198
n.a.
4
2,330
11
16
1
20
78
1,112
10
*
418
49
*
2
148
429
*
l,591r
151
n.a.
4
4,034r
271
June
July
Aug.
8
19
1
22
75
1,266
10
*
503
49
*
2
149
485
*
3,478r
161
n.a.
4
6,225r
279
*
n.a.
*
193
5
n.a.
n.a.
113
*
*
4
*
*
153
n.a.
21
*
*
n.a.
*
193
2
n.a.
n.a.
114
*
472
.w
8
18
1
17
76
1,261
10
*
492
49
*
2
149
439
*
2,600r
151
n.a.
4
5,272r
Oct. p
8
19
1
22
70
1,847
10
*
633
59
*
2
155
478
*
5,017
161
n.a.
4
10
19
1
22
74
1,957
10
*
719
59
*
10
20
1
22
78
2,165
10
*
821
60
*
2
125
474
*
8,611
_
178
n. a
.
8,481
12,573
283
288
292
294
*
4
*
*
153
n.a.
21
*
*
n.a.
*
193
2
n.a.
n.a.
114
*
*
4
*
*
153
n.a.
21
*
*
n.a.
*
193
2
n.a.
n.a.
146
*
*
4
*
*
153
_
n.a.
21
*
*
n.a.
*
183
2
n.a.
n.a.
159
*
*
4
*
*
153
n. a
.
21
*
*
n.a
.
*
183
5
n. a
.
n. a
.
159
*
481
481
514
517
520
*
*
73
*
*
4,290
107
n.a.
n.a.
n.a.
29
n.a.
n.a.
106
8,803
13,407
*
*
73
*
*
4,314
219
n.a.
n.a.
n.a.
29
n.a.
n.a.
116
8,817
13,567
*
*
90
5
*
5,025
277
n.a.
n.a.
n.a.
29
n.a.
n.a.
136
9,509
*
*
91
5
*
5,635
355
n.a.
n.a.
n.a.
30
n.a.
n.a.
136
9,692
15,071
15,942
*
*
91
5
*
5,958
365
n.a.
n.a.
n. a
.
30
n.a.
n.a.
136
10.030
16,612
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a
.
*
*
280
279
*
*
280
*
*
280
*
*
280
279
*
4
*
*
*
n.a.
*
*
_
n.a.
4
3
n.a.
n.a.
83
6
100
*
5
*
*
*
n.a.
21
*
*
n.a.
*
149
12
n.a.
n.a.
118
11
*
1
_
*
3,498
2
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
208
*
*
71
*
*
2,687
*
n.a.
n.a.
n.a.
10
n.a.
n.a.
78
3,709
*
*
61
*
3,271
2
n.a.
n.a.
n.a.
31
n.a.
n.a.
*
2,005
5,370
9,323
*
*
72
*
*
3,773
136
n.a.
n.a.
n.a.
29
n.a.
n.a.
78
8,440
12,528
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
*
n.a.
n.a.
_
_
_
*
*
152
*
*
322
321
*
*
543
543
*
*
280
*
*
280
279
279
*
*
*
*
*
*
*
5,557
7,372
12,765
97
322
-
-
53
*
9
*
142
n.a.
1
1
312
.
■
1
1
6,486
ZL
*
2
125
488
*
6,522
_
173
n.a.
4
10,179
*
4
*
*
*
n.a.
20
1
*
n.a.
*
4
3
n.a.
n.a.
161
6
200
151
*
4
*
*
Sept. p
L
_
279
279
17,610r
*
23
23
19,741r
*
13
13
20,848r
*
13
12
24,645
*
17
17
27,225
30,295
2,032
2,353
2,440
2,830
3,759
3,900
2,135
19,745r
Other countries:
*
All other.......................
International and regional:
International....................
European regional.................
Latin American regional......... .
Asian regional...................
-
-
Total international and regional....
Grand total......................
-
2,905
128
*
-
150
5,708
331
7,702
3,033
15,798
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. Country detail may not add to the area
1
*
26
27
*
18
18
-
-
-
-
-
_
103
*
103
*
146
*
110
*
100
100
*
-
-
-
2,456
22,197r
-
-
2,586
2,940
27,5^5
23,434r
¥t
-
3,859
4,000
31,084
34,296
totals or to Grand total.
1/ Holdings included in respective "Other" geographical areas.
2/ Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available,
r Revised.
119
December 197 J
.CAPITAL MOVEMENTS.
Section 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 b v foreigners or a net outflow of capital from - ^ United States)
.
1977
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.
Poland......... .
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
-1
-15
10
-2
May
2
-24
43
*
-2
1
82
-3
-9
34
-10
39
-49
-3
-10
-29
2
-48
n.a.
-14
n.a.
*
2
5
158
*
23
*
-7
n.a.
791
113
“W
91
96
-1
9
*
2
2
2
-7
13
-23
45
7
-7
52
31
2
-2
-28
11
20
1
2
2
96
*
445
45
Canada.............
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Ecuador...................
Mexico....................
Panama....................
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 1/......
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................... .
Lebanon................. .
Malaysia.................
Pakistan..................
Philippines...............
Singapore.................
Syria................... .
Tnailand..................
Middle-East oil-exporting countries
Other Asia..... ...........
Total Asia.
Africa:
Egypt.................
Ghana.................
Liberia................ .
Morocco................
South Africa............
Zaire.................
Oil-exporting countries 2 /.
Other Africa............
Total Africa.
6
-45
6
*
96
28
*
-15
183
1977
through
Oct. p
1976
1975
1974
117
*
-52
July
Aug.
3
-7
*
3
-3
-1
-6
*
-3
1
12
12
*
-1
57
1
-2
-2
1
*
21
1
-2
17
*
5
5
1
2
-1
34
197
Oct. p
48
11
223
171
*
1,350
-20
7
1,663
141
314
19
Sept.j
96
324
-1
-7
232
130
33
30
13
15
12
10
373
-1
-2
1
5
6
*
n.a.
1
2
1
n.a.
n.a.
26
2
-1
10
2
-1
-3
3
15
1
34
43
31
94
-1
4
1
*
13
1
-264
*
n.a.
n.a.
n.a.
*
n.a.
n.a.
2
-48
n.a.
n.a.
-137
*
1
n.a.
n.a.
*
-32
1
—6
i
-1
62
18
13
74
-14
1
124
41
1
18
1,179
*
1,014
25
3
235
153
192
79
124
225
276
65
259
569
1,822
2
245
192
1,528
1,518
29
40
6
5
118
1,553
632
10
499
1 W~
123
" W
103
n.a.
n.a.
-2
-2
)
-
U
-25
-5
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...................
-21
10
1,522
1,795
-497
14
-483
1,039
1,248
3,683
-1,030
5
-14
-28
1
15
1
-46
54
-2
13
-33
10
-41
1,207
40
3,723
-31
277
13
“53jT
-32
”467"
463
-1,029
”
"766”
1/ Through December 31, 1975, Surinam included with Netherlands Antilles.
2/ Includes Bahrain, Iran, Iraq, Kuwait. Oman, Qatar, Saudi Arabia, and
United Arab Emirates (Truciai States).
1/
P
25
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
* Less than $500,000.
n.a.
“5v r
Not available.
120
Treasury Bulletin
.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
Country
1974
Europe:
Austria... .......
Belgium-Luxembourg.
..
Denmark...........
Finland...........
France..........
Germany...........
Greece........
Italy............
Netherlands.......
Norway....... ' . .
...
Portugal........
Spain............
Sweden............
Switzerland.......
Turkey............
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.E...........
Other Eastern Europe.
Total Europe.
-1
59
-5
*
203
39
7
-3
330
-10
3
-3
-1
36
-3
-377
*
8
n.a
.
1977
1975
1976
11
2
-40
84
5
-1
262
251
10
*
359
4
-2
1
256
68
3
-4
-199
-8
-2
13
2
899
*
594
*
-1
n. a
.
-100
1
340
*
16
n. a
.
1977
through
Oct. p
May
June
July
Aug.
11
1
-70
-1
1
42
169
-4
-6
3
*
2
—6
-2
1
-17
1
-3
2
-9
-5
120
-4
399
-1
4
-3
*
-1
-3
37
-1
*
27
35r
96r
336
"324“
-33
-45
-1
3
n. a
.
17
5
*
n. a
.
2
3
*
n. a
.
n. a
.
-13
-2
J
1
6
15
2
2
-1
-18
-22
-1
-25
-2
-45
-1
n.a.
n. a
.
n. a
.
*
n.a.
n. a
.
(
288
361
1
87
2
22
*
13
n. a
.
n. a
.
1/
2/
5
54
*
7
-3
67
*
-2
-10
4
-2
*
-1
-4
5
14
3
-2
-18
-1
*
-2
-2
-7
-5
-1
-12
1
*
27
37
-1
1
5
-1
1
-2
6
57
67
2
80
33r
29
37
57
-3
12
-5
35r
52
2
-4
10
l,790r
1
-1
1
14
2
11
-3
34
-1
86
-9
35
1
-1
*
13
-4
-7
3
*
15
*
-4
2
*
12
-11
*
-11
-3
-1
3
-12
17
10
-3
-5
4
-1
-4
-4
10
-1
28
-6
6
n.a
.
n.a
.
6
l,649r
8
12
-2
2
1,803
-7
1,922
1
-8
1
1,154
____ 3 _
_
1,204
124r
195r
205r
94
108
93
91
171
116
94
-9
n.a
.
n.a
.
*
10
15
1
Total other countries..........
Total foreign countries..........
Total international and regional..
Grand total..................
1
35
-4
1
*
-1
16
-1
75
-15
45
-33
Total Africa.
Other countries:
Australia....
All other....
International and regional:
International.................
European regional.............
Latin American regional........
Asian regional................
African regional..............
*
-29
Oct. p
1
-1
Latin America:
Argentina....
Total Latin America.........
Aflia:
China, People's Republic of
(China Mainland).............
China, Republic of (Taiwan).....
Hong Kong....................
India.......................
Indonesia....................
Israel......................
Japan.......................
Korea.......................
Lebanon......................
Malaysia.....................
Pakistan.....................
Philippines..................
Singapore....................
Syria.......................
Tnailand.....................
Middle-East oil-exporting countries 2/ A
Other Asia.....................
Total Asia.
Africa:
Egypt......
Ghana......
Liberia....
Morocco....
South Africa.
Zaire......
Oil-exporting countries J/.,
Other Africa............
3
-13
-1
-7
4
-6
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 1/......
Other Latin America.........
20
12
2
-1
*
1
1
-2
281
Brazil..
.
_
Chile_
Colombia.
Cuba.*..
.
Ecuador.
.
Mexico..
.
-24
21
Sept. p
-2
-3
-2
2
-4
2,740
13
13
540
1,982
18
13
14
18
13
2,753
14
1,996
4,678r
Through December 31, 1975, Surinam included with Netherlands Antilles.
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and
the United Arab Emirates (Trucial States).
1/
p
*
SS=
SW
"229“
~1W
SS
"2TCT
-2rr
170
~TTT
Includes Algeria, Gabon, Libya, and Nigeria.
Preliminary.
Less than $500,000.
n.a.
Not available.
Revised.
-5
" W
“22J-
121
December 1977
.CAPITAL MOVEMENTS.
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 Ih Thiited States’
.a
)
Calendar year
1977
Country
Europe:
Austria..........
Beljiuro-Luxembourg..
.
Denmark...........
Finland...........
France...........
Germany...........
Greece...........
Italy............
Netherlands.......
Norway............
Portugal..........
Spain............
Sweden............
Switzerland.......
Turkey............
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.......
Canada.............
Latin America:
Argentina....
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Ecuador...................
Mexico....................
Panama....................
Peru......................
Trinidad and Tobago ........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles 1/......
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..................
Lebanon.................
Malaysia................
Pakistan............
Philippines.............
Singapore...............
Syria..................
Thailand................
Other Asia..............
Total Asia.............. .
Africa:
Egypt..................
Ghana............. .....
Liberia.................
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.....................
1976
1975
1974
*
-25
2
1
-1
-1
-7
1
-115
-3
1
1
-56
-533
-23
*
-32
-5
-198
3
2
4
2
6
1
548
*
196
*
30
*
-12
-15
n.a.
-191
-1,526
10
1
-179
33
*
28
13
-199
11
n.a.
-332
2
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
-364
n.a.
n.a.
-3
n.a.
8
39
-98
-1
84
_
23
_
2
_
_
-26
-4
-2
-2
-15
8
7
2
-1
3
*
*
1
*
33
*
-38
3
-2
-11
9
-2
-7
-41
*
-2
2
-1
-1
*
*
39
-
7
*
-6
_
-197
-248
-568
3
-72
*
3
1
-4
-56
6
44
-35
3
9
*
1
-119
10
1
15
3
-217
8
201
12
47
*
*
4
6
*
*
*
-54
*
*
2
*
3
2
12
1
2
*
-11
-21
*
7
10
*
1
3
2
*
4
*
-99
2
22
*
-3
-51
1
3
-3
*
*
4
1
*
2
1
2
1
34
1
1
49
1
13
-77
*
5
*
-2
-1
*
1
1
9
-1
43
2
*
-7
1
2
4
1
*
*
*
2
1
*
1
2
-1
14
2
7
*
34
41
20
12
*
-177
-488
5
2
141
—
6
-10
1
14
170
-263
21
1
2
4
3
2
*
-28
-153
5
*
3
9
2
4
2
*
11
-101
*
16
n.a.
1
30
3
1
*
n.a.
-117
1
3
n.a.
2
35
6
22
n.a.
n.a.
n.a.
n.a.
43
76
66
-15
-151
-9
14
2
*
-375
-283
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
2
_ 24
_
-624
n.a.
n.a.
-1
22
-242
-282
n.a.
n.a.
n.a.
-348
n.a.
n.a.
10
71
-771
3
2
*
1
6
-3
n.a.
n.a.
*
5
-162
7
'-4,133 "
-1,577
-345
-201
-2,193
- 6,326
-430
19
-411
24
-82
■-6,828
’
-2,699
-911
-590
-227
-175
-1,902
-1,228
-291
-82
-2
-1,602
-8,730
-4,301
-57
1/ Through December 31, 1975, Surinam included with Netherlands Antilles,
p Preliminary.
* Less than $500,000.
n.a. Not available.
—
—
-1
*
*
1
14
15
-1
5
4
4
*
-14
-24
*
45
—
-1
-3
_
_
3
24
-134
2
28
-
-11
-13
-
-
*
*
*
2
*
*
41
2
*
•
*
•
*
*
2
*
2
3
-4
-7
-60
4
3
3
3
-6
*
*
1
-9
23
-
-193
-262
-12
Oct. p
11
-5
-11
-63
-126
-70
-60
-2,218
-96
-6
-37
-1
1
-1
*
*
10
-1
1
-3
-1
-2,016
-155
” 2,158"
1
_
*
-4
-5
*
*
-49
-16
*
-5
-2
-98
*
3
-61
54
_
-13
1
2
_
_
-
Sept. P
-5,231
34
36
14
*
-70
*
-3
1
8
*
-5
-2
-26
1
2
*
47
*
-18
-
Aug.
July
3,102
6
-38
1
-100
-106
-
n.a.
-177
-3
n.a.
*
4
-1
n.a.
n.a.
-7
4
-104
June
-110
-130
-74
-88
-119
-28
8
-3
-2
-281
1
7
-116
501
*
82
1
-5
-1
*
-47
-15
6
-2
May
-358
-52
16
-9
5
-7
-38
1977
through
Oct. p
-10
3
_
*
56
_
-1
3
_
29
96
—
1
*
*
*
18
-53
-
1
*
-38
23
*
12
3
*
*
_
_
-89
1
•
*
2
*
-143
2
35
2
1
*
-173
1
*
4
-1
14
*
19
—
1
5
-
28
70
_
_
*
■
*
*
-1
-1
3
2
1
*
2
1
*
_
*
_
*
■
*
-1
4
3
" -193 '
1
-63'S '
5
-128
3
-85
-81
-164
-679
-115
-599
-75
1
-32
*
-97
18
-97
2
-819
-23
4
5
-14
3
-
-
-
-
-
-
-673
-866
-129
-765
-76
”
-839
-6
-147
-2
*
-2
-151
-205
-1,003
-685
-266
3
122
Treasury Bulletin
.CAPITAL M OVEM ENTS
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
1977
Country
1976
May
June
July
1974
Europe;
Austria.......... ........ .....
Beljium-Luxembourg................
Denmark............ „ .........
Finland.........................
France..........................
Germany.........................
Greece..........................
Italy...........................
Netherlands......................
Norway..........................
Portugal........................
Spain...........................
Sweden..........................
Switzerland......................
Turkey..........................
United Kingdom...................
Yugoslavia.......................
Other Western Europe..............
Poland..........................
U.S.S.R.........................
Other Eastern Europe..............
Total Europe.....................
Canada............................
Latin America:
Argentina.......................
Bahamas.........................
Brazil..........................
Chile...........................
Colombia........................
Cuba...........................
Ecuador.........................
Mexico..........................
Panama............................. .
Peru............................
Trinidad and Tobago ..............
Uruguay.........................
Venezuela.......................
Other Latin American Republics......
Bermuda.........................
British West Indies...............
Netherlands Antilles 1 / ............
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...........................
Lebanon...... ...................
Malaysia........................
Pakistan................. ......
Philippines......................
Singapore.... ...................
Syria...........................
Thailand........................
Other Asia......................
Total Asia......................
Africa:
Egypt...........................
Ghana...........................
Morocco.........................
South Africa.....................
Zaire.............. ............
Other Africa.....................
Total Africa.....................
Other countries:
Australia.......................
All other.......................
Total other countries.............
Total foreign countries.............
International and regional:
European regional.................
Latin American regional............
Asian regional...................
African regional.................
Total international and regional....
1975
*
-4
*
*
-76
10
*
1
33
*
*
3
*
-19
*
-303
*
-1
n.a.
_
1
5
-1
-1
-24
29
*
-2
4
1
*
-1
-1
49
-7
*
n.a.
_
_
-1
-34
-10
*
-119
18
1
18
-137
-8
*
-1
5
-41
*
-87
*
1
n.a.
_
-1
-27
*
*
-12
-6
*
-11
-199
*
*
*
-1
-33
3
-266
*
1
*
_
*
*
-3
_
3
1
*
*
-53
*
*
*
*
-5
-3
*
*
*
-3
*
-7
-4
*
-9
-24
*
*
*
*
-10
-20
*
_
*
*
*
*
-5
-1
*
*
-11
*
*
*
*
-6
-218
*
_
-354
18
54
-100
-395
-14
t -552
-212
-60
-78
-241
-3
-31
*
-2
*
*
*
n.a.
4
5
*
n.a.
*
*
*
n.a.
n.a.
1
4
11
*
-2
-7
*
*
_
n.a.
2
1
*
n.a.
*
2
1
n.a.
n.a.
-158
6
*
*
-1
*
*
_
n.a.
10
-1
*
n.a.
*
*
*
n.a.
n.a.
3
-8
*
1
-1
*
*
_
*
*
1
*
*
*
2
-1
13
*
16
*
*
*
*
_
*
*
*
*
_
-156
3
30
4r
_
-1
-1
*
*
3
512
n.a.
n.a.
n.a.
-9
n.a.
n.a.
*
2
506
*
*
*
*
3
-9
_
n.a.
n.a.
n.a.
*
n.a.
n.a.
*
9
2
*
23
*
*
-2
36
*
n.a.
n.a.
n.a.
1
n.a.
n.a.
*
13
71
n.a.
n.a.
*
4
1 -2
n.a.
n.a.
*
11
-1
*
n.a.
n.a.
*
12
*
3
10
1
*
_
*
12
*
*
4
212
*
*
*
•
*
2
*r
2
-
-
*
-1
_
•
*
12
*
*
_
_
*
45
*
*
*
*
_
*
241
47
*
-1
*
_
*
38
_
*
*
*
_
4
41
*
*
-3
*
*
*
12
-3
*
*
-5
*
-2
*
1
*
-5
184
-190
-327
-2
-498
*
*
*
1
1
-188
4
-
_
-
-
*
*
*
_
_
_
*
1
*
_
*
*
-1
9
*r
*
9r
-
184
1/
*
p
r
1
1977
through
Oct. p
4
-323
Through December 31, 1975, Surinam included with Netherlands Antilles.
Less than $500,000.
Preliminary.
n.a. Not available,
Revised.
_
*
*
-498
Aug.
Sept. p
Oct. p
*
*
*
*
3
*
*
*
-6
*
*
*
-4
3
-13
*
_
*
*
*
-9
*
*
*
3
*
*
*
-3
*
-4
*
-
*
*
*
-2
*
*
5
*
-1
*
5
*
-2
1
_
_
-44
-16
^6
-13
-5
7
22
*
1
*
*
*
*
*
*
*
*
*
1
*
2
3
*
*
*
*
*
*
*
*
*
*
*
*
1
*
*
*
*
*
•
*
*
*
*
*
_
*
*
1
*
*
*
*
*
_
_
_
*
*
*
*
*
*
*
*
-1
*
4
-
1
3
*
3
*
_
-2
14
*
*
*
*
1
*
1
-42
*
*
_
1
43
_
*
*
*
*
*
-
-
_
_
2
75
*
*
_
*
*
*
*
*
-1
_
*
*
_
1
*
*
_
*
*
-
_
16
-41
46
77
*
*
*
*
*
1
1
*
*
*
*
*
*
-1
-1
*
*
*
*
*
*
*
-
*
*
_
-2
-
*
*
*
-12r
-60r
-265
-63
30
-2
106
-
-
-
-
-
-
-12r
-60r
-265
-63
30
106
_
123
December 1977
.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, During October 1977 Preliminary
_____________________ (In millions of dollars)______
Country
Gross purchases by foreigners
Domestic securities
Bonds
Market
Corporate
of U.S.
able
other
Treasury
Gov’
t
pur
chases & Federal corp. and
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(5)
(2)
(3)
(4)
(1)
Foreign
securities
Total
sales
Bonds
Stocks
( 6)
(7)
(8)
Gross sales by foreigners
Domestic securities
Bonds
Market
Corporate &
of U.S.
able
other
Treasury Gov't
& Federal corp. and
Financing FederallyBank bonds sponsored Bonds Stocks
agencies
& notes
(9)
(10)
(ID
(12)
Foreign
securities
(13)
(U)
Europe:
Austria...........
Belgium-Luxembourg..
.
Denmark...........
Finland...........
France............
Germany...........
Greece............
Italy............
Netherlands.......
Norway............
Portugal..........
Spain............
Sweden............
Switzerland.......
Turkey............
United Kingdom.....
Yugoslavia........
Other Western Europe.
Poland............
U.S.S.R...........
Other Eastern Europe.
Total Europe.
Canada......................
Latin America:
Argentina.................
Bahamas...................
Brazil....................
Chile.....................
Colombia..................
Cuba......................
Ecuador...................
Mexico....................
Panama....................
Peru......................
Trinidad and Tobago.........
Uruguay...................
Venezuela.................
Other Latin American Republics.
Bermuda...................
British West Indies.........
Netherlands Antilles........
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..................
Lebanon.................
Malaysia.......... .....
Pakistan................
Philippines.............
Singapore...............
Syria..................
Thailand................
Other Asia..............
Total Asia.
Africa:
Egypt.......
Ghana.......
Liberia......
Morocco......
South Africa...
Zaire.......
Other Africa...
Total Africa...
Other countries:
Australia.
All other....
Total other countries.........
Total foreign countries.........
Inteimbioml g f regional,:
pl
International................
European regional............
Latin American regional.......
Asian regional... ...........
African regional.............
Total international and regional.
Grand total... ............ .
*
Less than $500,000.
7
101
4
1
147
331
13
17
158
3
1
5
15
281
*
3,592
*
13
4 ,6 88
52
6
208
101
1
2
2,788
349
40
2
19
1
*
95
75
5
7
35
2
1
3
2
191
*
131
7
11
111
4
79
6
12
51
4
*
6
15
272
1
1
3
59
11
253
31
573
359
68
38
6
6
439
71
52
~59~
17
6
1
17
1,122
699
41
24
*
15
112
3,114
1
34
5
288
5
69
12
62
1
245
6
12
*
2
1
43
9
108
8
58
5
26
3
1
29
36
3
8
11
720
52
64
10
464
64
"jT
30
5
1
1
11
1
1
35
19
1
6
1
54
5
132
1
12
2
94
13
90
6
3
39
2
4
1
182
5
74
7
50
93
448
30
2
135
_32_
149
1
4
*
4
__ *
266
19
337
10
25
1
13
80
3
103
1
28
3
118
14
2
19
1
19
13
19
5
177
67
100
1,097
654
1,067
326
7,146
4,227
687
620
584
1,906
246
1
18
2
1
24
5
1
*
6
*
33
~92
174
1
23
5
559
1
12
37
11
5
2
1,842
30
2
*
5
2
190
*
78
2
30
10
60
24
32
*
5
17
56
150
15
55
169
569
734
621
4,810
761
1
687
252
56
30
1
797
1,156
__ 2_
129
750~
141
443
632
36
973
3,215
628
2
247
36
584
7,767
973™
42
11
3
252
41
370
397
247
1,599
183
2
443
3,847
164
187
164
129
752
1,063
141
124
Treasury Bulletin
___________________ CAPITAL MOVEMENTS____________________
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 1976
(In millions of dollars)
Gross purchases by foreigners
Domestic securities
Country
SfTp:
tioe
Belgium-Luxembourg.......... .
Total
Marketable
purchases Treasury
bonds and
notes
()
2
()
1
68
1,215
51
852
2,200
Germany....................
Italy......................
Norway.....................
Portugal...................
Sweden.....................
Switzerland.................
Turkey... .................
United Kingdom..............
Yugoslavia.................
Other Western Europe.........
Poland..................
2,500
54
268
1,243
64
10
102
122
6,040
2
Corporate and
other
Bonds
(3)
Stocks
u>
*
9
6
84
33
816
27
5
1,423
1,281
52
134
714
48
*
803
207
715
-
1
290
1
-
1
64
1
40
162
140
1
32
73
5
*
4
18
460
Gross sales by foreigners
Foreign securities
6
86
29
4,318
Bonds
(5)
26
277
22
4
307
247
*
76
105
8
3
9
7
840
*
1,109
-
Canada......................
Latin America:
Chile*......................
*
1,206
7
n.a.
*
2,073
*
54
n.a.
-
2
332
*
598
281
n.a.
*
20,297
..
3,299
308
2,243
347
11,103
2,241
29
171
52
5
8
*
*
2
*
_
*
4
19
9
*
8
46
40
3
1
1
17
96
2
2
5
*
7
*
_
145
151
25
3
197
*
19
181
*
*
3
8
11
26
3
96
*
74
2
*
9
79
17
543
33
437
1
524
382
1,437
1
10
11
5,159
*
345
n.a.
-
8
Other Latin American Republics..
Bermuda ...................
British West Indies..........
Netherlands Antilles........
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......................
Lebanon....................
Malaysia...................
Pakistan......... ..........
Philippines.................
Singapore..................
184
274
5
*
15
279
204
595
39
790
119
2,778
*
13
468
2
8
74
1,803
a
34
n.a.
n.a.
130
1,044
2
120
8,890
12,631
_
*
37
*
_
*
552
41
n.a.
n.a.
87
1,013
108
4,502
6,340
1
*
1
2
1
112
101
117
1
25
62
1
1
3
5
89
*
172
*
116
1,328
55
899
2,504
1,939
53
301
1,341
275
16
89
197
5,269
1
4,862
*
224
n.a.
*
2
1
n.a.
*
3,042
n.a.
610
19,468
555
637
9,052
1
32
229
56
2
2
_
n.a.
38
16
3
n.a.
2
45
25
n.a.
n.a.
54
104
386
_
*
47
2
*
50
135
8
*
*
*
n.a.
13
3
*
n.a.
1
1
1
n.a.
n.a.
7
14
49
6
*
6
244
263
2
*
11
82
172
502
51
709
51
2,418
*
•
5
785
154
166
*
5
18
1
*
*
149
126
*
477
167
n.a.
*
2,054
447
*
1
*
*
*
6
Foreign securities
Corporate and
other
Bonds
Stocks
Bonds Stocks
( )
10
(9)
(ID
( )
12
11
108
3
50
123
190
4
43
102
31
856
29
4
1,167
1,213
48
138
10,767
3,490
1,005
251
1,916
5,786
651
2
24
*
*
*
*
•
*
17
94
3
2
5
*
5
77
77
12
102
52
*
•
*
*
n.a.
155
15
1
n.a.
*
8
*
*
n.a.
3
4
*
n.a.
1
10
1
1
2
n.a.
n.a.
11
28
1
n.a.
n.a.
4
22
389
46
2
26
2
*
292
417
_
n.a.
n.a.
n.a.
*
12
*
*
5
469
_
n.a.
n.a.
n.a.
8
162
*
*
*
8
9
12
2
62
*»
*
412
289
1
*
10
63
18
468
48
391
1
1,282
10
148
3,273
425
567
*
2
n.a.
*
3
*
80
*
n.a.
n.a.
*
66
_
86
2
n.a.
n.a.
*
5
_
44
50
19
40
4,498
1
519
*
*
1,932
38,151
5,354
22
3,776
5
_
13,722
593
592
175
11,984
379
38
177
167
-
-
*
_
-
546
4,322
-
1
8
*
*
1
1
1,135
51
171
*
*
n.a.
n.a.
*
38
_
*
793
1,012
-
n.a.
n.a.
108
419
_
31
615
2,386
99
*
7
198
_
259
*
n.a.
-
1
1
*
220
293
*
1,209
4
n.a.
*
*
142
22
1
240
*
•
*
27
_
_
12
60
839
270
*
108
109
206
*
7
1
66
11
302
*
1,183
*
14
n.a.
2,152
2
12
2,246
20
577
*
9
357
3
1
322
2,702
51
36
n.a.
n.a.
498
486
2
32
1,943
6,441
73
292
913
56
15
76
29
4,419
*
1,733
*
38
n.a.
*
3
*
n.a.
n.a.
n.a.
32
n.a.
n.a.
1
*
1,972
2,026
(7)
*
32
*
*
Marketable
Treasury
bonds and
notes
()
8
33
n.a.
n.a.
9
25
2
340
1
8
34
*
1
n.a.
n.a.
*
6
()
6
Total
sales
_
*
35
*
_
3
506
*
n.a.
n.a.
n.a.
2
n.a.
n.a.
*
22
*
*
*
Stocks
Domestic securities
*
6
286
1
1
23
510
1
35
n.a.
n.a.
6
8
*
3
*
130
1
8
381
1
29
2
n.a.
n.a.
n.a.
n.a.
*
450
1,352
76
8
1,196
496
5
n.a.
n.a.
*
*
_
*
n.a.
n.a.
_
54
50
*
*
n.a.
1
2
*
75
10
1
50
79
15
55
22
33
7
40
450
*
6
*
451
15,436 11,326
2,259
1
Africa:
Ghana.....................
Liberia...................
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.
n.a. Not available.
3
2
n.a.
1
74
*
425
505
*
n.a.
_
*
•
*
276
53
24
78
*
*
*
*
40,377
10,747
5,024
31
5
36
18,176
15,417
3
438
14,567
_
295
_
-
384
_
14,863
25,610
15,858
56,234
277
1
n.a.
'*
*
_
24
25
1 .
1
21
1
5
*
n.a.
1
56
*
191
67
253
1
512
7
*
_
*
n.a.
_
*
*
55
55
51
_
409
3
121
_
_
22
_
_
-
-
-
-
505
51
5
15,082
12,160
5,529
18,227
434
4,932
1,937
53,232
17,514
_
n.a.
*
*
_
*
6
1,320
593
249
175
1
39 2,336
15,475 13,662
1
_
_
_
2,259
125
December 1977
FOREIGN CURRENCY POSITIONS
Background
Data have been collected since 1974 on the foreign
currency positions of banks and nonbanking firms in the
United States, and on those of foreign branches, majorityowned foreign partnerships, and majority-owned foreign
subsidiaries of United States banks and nonbanking firms.
Reports cover nine major foreign exchange market currencies
and United States dollars held abroad. Reporting has been
required pursuant to Title II of Public Law 93-110, an
Amendment to the Par Value Modification Act, of September 21,
1973» and implementing Treasury regulations. Statistics on
the positions will be published monthly in the Treasury
Bulletin, beginning with data for December 1975.
The report forms and instructions used in the collection
of bank data were revised effective with reports as of October
29, 1975, for the weekly reports, and as of November 28, 1975
(the last business day of the month), for the monthly reports.
The most recent revision of the nonbank Foreign Currency
the instrument involved. "Spot" means due for receipt or
delivery within two business days from the date of the report.
"Short-term" means maturing in one year or less from the date
of the report.
"Majority-owned foreign partnerships" are those
organized under the laws of a foreign country m which one or
more nonbanking concerns or nonprofit institutions in the
United States, directly or indirectly, own more than 50
percent
profit
interest.
"Majority-owned
foreign
subsidiaries" are foreign corporations in which one or more
nonbanking business concerns or nonprofit institutions
located in the United States directly or indirectly own stock
with more than 50 percent of the total combined voting power
of all classes of stock entitled to vote, or more than 50
percent of the total value of all classes of stock.
Reporting Threshold
forms (see below) became effective as of the last business day
of November 1976 for the monthly reports on nonbanking firms'
positions in the United States.
Common Definitions and Concepts
The exemption level applicable to banks and banking
institutions is $10 million equivalent. The exemption level
applicable to nonbanking business concerns and nonprofit
institutions was $1 million equivalent on all nonbank forms
from March 1975 through November 1976, when it was raised to
The term "United States" means the States of the United
States, the District of Columbia, the Commonwealth of Puerto
Rico, American Samoa, the Canal Zone, Midway Island, the
Virgin Islands, and Wake Island. The term "foreign" means
locations other than the "United States".
The term
"Worldwide" is used to describe the sum of "United States" and
"foreign" data.
Data for the United States include amounts reported by
sole proprietorships, partnerships, and corporations in the
United States including the U.S. branches and subsidiaries of
foreign nonbanking concerns, in the case of "nonbanking
firms' positions", and the agencies, branches, and
subsidiaries located in the United States of foreign banks
and banking institutions, in the case of the weekly and
monthly "bank positions".
Data for "foreign branches" and "abroad" include amounts
reported by the branches, majority-owned partnerships and
majority-owned subsidiaries of United States banking and
nonbanking concerns. In general, these data do not reflect
the positions of foreign parents or foreign parents'
subsidiaries located abroad except through intercompany
accounts. The data include the foreign subsidiaries of a few
foreign-owned U.S. based corporations.
Assets, liabilities, and foreign exchange contract data
are reported on the basis of time remaining to maturity as of
the date of the report, regardless of the original maturity of
$2 million equivalent on the monthly reports of positions
held in the United States.
Firms must report their entire foreign currency position
in a specified foreign currency if a specified United States
dollar equivalent value is reached in any category of assets,
liabilities, exchange contracts bought and sold, or the net
position in the currency. In general, exemption levels are
applied to the entire firm in the United States and separately
to each foreign branch or subsidiary. In reports on their
foreign branches, majority-owned foreign partnerships and
majority-owned foreign subsidiaries, United States banks and
nonbanks are required to report the United States dollar
denominated assets, liabilities, exchange contracts bought
and sold, and net positions of those branches, partnerships,
and subsidiaries with reportable positions in the specified
foreign currencies.
Description of Statistics
Data collected on the Treasury Foreign Currency forms
are published in the Treasury Bulletin in ten sections. The
first section presents a summary of worldwide net positions
in all of the currencies reported. Sections II through IX
each present data on a specified foreign currency. Section X
presents the United States dollar positions of the foreign
branches and subsidiaries of United States firms which are
required to report in one or more of the specified foreign
currencies.
Treasury Bulletin
126
.FOREIGN CURRENCY POSITIONS.
Section I - Summary Positions
Table FCP-I-1. - Nonbanking Firms’ Positions
1/
(in millions of foreign currency units)
Report date
Belgian
francs
1977-Mar .7. .7.7.’
"71.'7'.7. . 7 '1
..
7.
1977-June.....................
(1)
22,547
26,691
Canadian
dollars
French
francs
German
marks
(2)
(3)
8,095
7*525
4, Pop
ii,585
11,281
(4)
4,253
Japanese
yen
Italian
lira
Swiss
francs
Sterling
(8)
J '
ml*4,402
-J
-
r u q
-6,442
(5)
(6)
(7)
477,825
384,557
207,543
259,031
-3,903
-3 753
Japanese
yea
Swiss
francs
U.S.
dollars 2/
(9)
Table FCP-I-2. - Weekly Bank Positions
(In millions of foreign currency units) 2/
Belgian
francs
Canadian
dollars
French
francs
(1)
Report date
(2)
(3)
1/05/77
1/12/77
1/19/77
1/26/77
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
-2,299
-1,954
-2,455
-1,834
-1,842
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5A1/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
-2,397
-692
-1,336
-1,121
-1,301
-1,378
-2,336
-1,889
-1,750
-1,435
-994
-1,156
-1,318
-1,504
-1,134
-1,712
-1,969
-3,369
-1,111
-2,149
-2,881
92
147
35
1
6
11
-59
-30
-70
25
-U
-11
29
49
20
3
16
9
59
-1
-12
15
27
3
-21
14
-306
-317
-402
-365
-332
-245
-224
-312
-273
-281
-298
-144
-144
60
-1
-133
-105
-150
-81
-125
-124
142
140
78
280
325
German
marks
Italian
lira
(7)
British
pounds
(8)
(4)
(5)
(6)
1,090
1,089
1,229
874
776
1,235
1,260
1,287
39,428
41,220
19,418
20,515
22,306
48,916
19,083
8,188
65,773
60,105
63,865
77,363
280
126
98
262
34
78
119
97
69,324
73,577
77,211
81,298
69
-20
-72
-20
798
554
841
1,095
9,875
7,418
13,335
19,281
53,742
86,524
78,757
78,634
80,677
79,863
89
321
328
546
306
-55
-80
140
-260
1,272
1,601
950
1,405
32,025
23,162
35,656
43,519
72,705
80,054
84,361
91,492
-271
146
14
211
1,495
808
1,316
1,324
1,495
1,198
1,302
971
1,530
40,335
44,739
50,863
49,472
85,809
76,506
95,652
92,450
174
33
7
62
13
31
47
15
8
-43
-35
-45
77,003
73,912
76,196
98,416
105,730
89,363
90,229
98,847
86,636
98,580
197
303
185
232
200
Japanese
yen
Swiss
francs
1,402
-17
12
-
-62
22
13
-14
29
20
80
U.S.
dollars i j
(9)
-102
-110
19
257
262
-88
-29
86
192
127
232
331
412
179
28
141
-181
-173
297
15
57
-90
-73
157
129
-48
Table FCP-I-3. - Monthly Bank Positions 1/
(In millions of foreign currency units)
End of month
Belgian
francs
Canadian
dollars
French
francs
(3)
(8)
(9)
(6)
(7)
-439
-388
391
306
-468
43
-38
44
-164
166
18
-25
-527
475
-38
-8
-254
182
614
1,014
-11,028
12,565
4,156
72,711
-19
-30
73,619
53,156
-167
2
40
-412
-384
-212
-4,045
-3,677
Footnotes at end of Table FCP-X-3.
U.S.
dollars 6/
54,644
80,634
51,871
-106
-104
-23
-401
(4)
(5)
British
pounds
-12,268
-19,096
11,687
(2)
-4,047
-4,267
-4,146
-4,137
Italian
lira
-3,718
508
394
(1)
1977-Jan......................
Feb......................
Mar......................
Genian
marks
131
127
December 1977
____ FOREIGN CURRENCY POSITIONS_______
Section II - Belgian Franc Positions
Table FCP-II-1. - Nonbanking Firms’ Positions 1/
(In millions of Belgian francs)
Short-term trade
Position
at end
of month
Jan.
Feb.
I9W
1977
Mar.
Mar.
Mar.
1977
1977
1977
Apr.
May
June
June
June
1977
1977
1977
1977
1977
Liquid
assets 2
j
(1)
2,560
2,333
19,765
2,377
22,142
2,929
3,053
18,409
3,035
21,444
Short
term
debt 2/
(2)
2,592
2,980
33,882
3,284
37,166
U)
(3)
574r
644r
76,257r
724r
76,981r
803r
810
75,591
561
76,152
3,069
3,197
33,164
3,284
36,448
Forward exchange 8/
Pay
ables 1/
Receiv
ables i j
i,0^r
879r
49,555
801r
50,356r
761r
594
47,599
803
48,402
Other
assets 6/
Other
liabil
ities 2/
Bought
(5)
6,681r
7,644r
103,390r
9,529r
112,919r
(6)
£,79^
2,750
(7)
i,i50
1,206
92,114
2,715
94,829
2,708
2,716
88,541
2,690
1,267
1,660
9,061r
9,274
101,834
9,353
111,187
91,231
Net
position 2/
Sold
Ex
change
rate 10/
(9)
-l,i>i3r
-396r
(10)
36.9990
36.5760
(8)
5,^6
5,614
3,643r
6,428
10,071r
2,927
1,720
1,937
1,231
1,836
3,067
6,403
6,395
2,305
6,773
9,078
Table FCP-II-2. - Weekly Bank Positions
36.5900
21,485r
36.5900
l,Q62r
22,547r
36.5900
1,572r ' 35.0500
2,172
36.0610
36.0350
25,456
36.0350
1,235
36.0350
26,691
Positions
held by
offices in:
United States
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
21/
(In millions of Belgian francs)
Exchange contracts 13/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5A1/77
5A8/77
5/25/77
175
210
235
432
201
213
188
204
234
200
213
279
317
271
267
263
260
(2)
68
43
84
49
15
109
89
89
81
63
141
114
217
378
240
170
73
185
59
335
109
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
296
274
257
300
205
61
142
98
203
76
1/05/77
1/12/77
1/19/77
1/26/77
(1)
236
307
239
400
Footnotes at end of Table FCP-X-3.
Net
Foreign
branch
net
(3)
168
264
155
351
(4)
3,016
3,818
3,597
2,880
160
101
343
120
150
47
90
17
-178
-27
109
244
86
208
-72
151
1,315
1,337
2,146
1,975
3,361
3,665
2,991
3,477
4,276
4,055
3,835
4,358
4,433
5,740
6,628
3,548
1,436
235
132
159
97
129
4,215
2,745
4,299
2,336
5,010
146
World
wide
net
Banks in U.S.
Bought
Sold
Net
(,
6)
20,902
21,722
20,189
23,821
(7) _
22,553
23,303
22,004
25,468
(8)
-1,651
-1,581
-1,815
-1,647
3,481
3,815
3,038
3,567
4,293
3,877
3,808
4,4-67
4,677
5,826
6,836
3,476
1,587
21,662
21,740
21,242
21,974
22,302
23,981
24,158
24,800
24,998
23,030
23,419
24,604
22,832
24,074
22,592
20,792
21,737
23,169
23,460
22,977
24,068
24,038
25,766
26,212
26,017
26,270
24,265
24,656
26,187
24,592
25,398
23,921
22,670
23,642
-1,507
-1,720
-1,735
-2,094
-1,736
-1,785
-2,054
-1,217
-1,272
-1,235
-1,237
-1,583
-1,760
-1,324
-1,329
-1,878
-1,905
4,450
2,877
4,458
2,433
5,139
21,348
22,187
19,303
18,673
19,473
23,358
24,019
20,936
20,382
21,240
-2,010
-1,832
-1,633
-1,709
-1,767
(5)
3,184
4,082
3,752
3,231
1,475
1,438
2,292
2,318
Foreign
branch
net
(9)
-3,037
-3,635
-3,649
-3,553
-3,337
-829
-2,706
-3,105
Net position
World
wide
net
(10)
—4,688
-5,216
-5,464
-5,200
-4,044
-3,984
-3,439
-4,184
-4,863
-5,039
-3,263
-4,220
-4,038
-5,803
-6,885
-3,934
-1,571
-4,844
-2,549
-4,441
, -5,199
-5,780
-5,769
-5,493
-5,401
-6,135
-6,274
-4,500
-5,803
-5,798
-7,127
-8,214
-5,812
-3,476
-4,190
-2,480
-3,819
-1,880
-4,690
-6,200
-4,312
-5,452
-3,589
-6,457
United
Foreign
States 1L, branch
±5/
(11)
< >
“
-21
-1,483
-1,317
183
-1,660
-521
-1,296
-673
-2,022
-1,347
508
-1,619
-560
-1,589
-1,751
-1,130
-1,616
-683
-1,635
-319
-448
-2,007
-707
-1,127
-587
-1,255
-984
-1,413
572
-1,264
138
-1,474
-1,516
395
-1,238
-63
-1,121
-257
-386
-1,950
-135
-1,754
-1,775
-1,700
-1,474
-1,612
-1,638
25
265
480
456
320
World
Exchange
wide 16/ rate 17/
(13)
-1,504
-1,134
-1,712
-1,969
-3,369
-1,111
-2,149
-2,881
-2,299
-1,954
-2,455
-1,834
-1,842
-2,397
-692
-1,336
-1,121
-1,301
-1,378
-2,336
-1,889
-1,750
-1,435
-994
-1,156
-1,318
(14)
35.860
36.583
37.009
37.213
37.061
36.941
36.792
36.755
36.617
36.785
36.664
36.617
36.590
36.536
36.291
36.324
36.056
35.923
36.232
36.095
36.036
36.031
36.062
36.052
36.072
36.036
Section II - Belgian Franc Positions
Table FCP-II-3. - Consolidated Monthly Bank Positions W
00
Worldwide
End
of
month
Maturity
Assets 19/
Balance sheet items
Liabilities
Net
(4) Over 3 months-6 months..............
(5) Over 6 months-1 year.......... .....
(7) Total of all maturities............. .
(8) Capital assets, liabilities..........
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
lf r
i e .....
Demand/spot................... .
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months...............
Over 6 months-1 year................
Over 1 year........................
Total of all maturities..............
Capital assets, liabilities..........
(1) Demand/spot........................
(2) 3 days-1 month.....................
(3) Over 1 month-3 months...............
(2)
(3)
-5,364
-7,027
1,373
91
2,005
10,863
2,438
42,569
27,254
21,671
7,963
3,379
5.275
108,111
4,800
112,490
(l) Demand/spot........................
(2) 3 days-1 month................ .....
(1)
37,205
20,227
23,044
8,054
5,384
16.138
110,052
Bought
(4)
19,267
Forei m exchange contracts 20/
Sold
(5)
Net
Net
overall
position 21/
(7)
1 ,9a
-2,362
41,204
20,224
10,089
953
122,947
-
126,573
-
(6)
-770
715
-2,149
-2,908
1,873
-387
-3,626
-
112,911
-421
122,947
126,573
-3,626
-4,047
38,534
22,718
20,647
8,359
6,670
15,543
112,471
41,996
30,015
19,901
7,632
3,302
5,273
108,119
-3,462
-7,297
746
727
3,368
10,270
4,352
4,890
113,009
-2,366
1,986
-43
1,007
-3,271
-3,338
13
-621
-6,253
-
-3,505
-6,290
-2,525
-2,611
3,381
9,649
-1,901
2,524
114,995
20,337
30,667
33,720
20,236
12,186
390
117,536
-
20,380
29,660
36,991
23,574
12,173
1,011
123,789
-
117,536
123,789
-6,253
-4,267
22,668
29,848
32,630
22,453
13,578
1,379
122,556
_
23,840
29,606
35,232
24,724
13,988
1,780
129,170
-
-1,172
242
-2,602
-2,271
-1,108
-7,870
-3,829
-554
2,156
9,642
122,556
129,170
-6,614
36,947
21,559
17,971
9,236
7,110
15,457
108.280
2,375
110,655
36,883
29,671
19,198
7,519
4,544
5,414
103,229
4,958
64
-8,112
-1,227
1,717
2,566
10,043
5,051
31,210
26,03^
30,495
43,353
23,132
8,216
1,340
-410
-401
-6,614
-
-M'34
-6,312
-776
-2,817
3,878
10,476
-1,685
-2,362
-2,366
-1,563
-2,583
-4,146
(6) Over 1 year........................
(7) Total of all maturities..............
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot....... ................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 mOnths-6 months...............
Over 6 months-1 year................
Over 1 year........ ..... ...... »...
(7) Total of all maturities..............
(8) Capital assets, liabilities...........
109,330
39,768
30,398
17,118
6,847
4,568
5,333
104,032
-6,726
-8,011
-1,166
6,170
4,492
10,539
5,298
17,177
17,633
(2)
22,391 3 days-1 month25,849
30,625
29,793
25,282
24,659
16,842
17,867
772
1,325
118,581
111,634
-456
-3,458
-832
-623
-1,025
-553
-6,947
2,653
111,983
(1) Demand/spot.... ................ .
.....................
(3) Over 1 month-3 months................
(4) Over 3 months-6 months...............
108,187
-2,583
2,468
5,049
109,081
-2,396
2,902
111,634
118,581
-6,947
36,175
19,603
18,266
12,723
8,828
15,451
111,046
39,996
32,556
16,754
7,463
4,551
5,441
-3,791
-12,953
1,512
5,260
4,277
10,010
13,483
21,321
28,290
22,610
16,218
1,112
-1,250
291
-2,945
-719
-762
-212
4,315
103,034
-
14,733
21,030
31,235
23,329
16,980
1,324
108,631
-
103,034
108,631
-5,597
-3,677
13,644
23,289
28,263
22,407
17,113
2,103
-410
-8,491
-14,795
396
4,788
7,532
8,847
106,819
_
14,054
24,311
29,985
24,297
17,610
2,285
112,542
_
106,819
112,542
33,042
22,387
15,952
13,017
9,060
15,872
jTme....
Demand/spot........................
3 days-1 month.....................
Over 1 month-3 months.......... .....
Over 3 months-6 months...............
Over 6 months-1 year................
)
Over 1 year................ .
(7) Total of all maturities............ .
(8) Capital assets, liabilities...........
(9) Summary ((7) + (8)).................
106,731
5,108
113,759
(1)
(2)
(3)
(4)
(5)
(6)
2,713
111,839
32,057
16,192
16,492
12,810
26,704
40,138
29,965
14,374
6,132
9,646
104.255
100,295
2,813
5,227
107,068
105,482
-2,395
1,920
(
-8,081
-13,773
2,118
6,678
8.029
9.029
4,000
' -2,414
1,586
-5,597
-
-1,022
-1,722
-1,890
-497
-182
-7,182
-11,469
-1,998
5,547
3,467
9,986
—1,649
-2,396
-4,045
-5,041
-12,662
-1,433
4,541
3,515
9,798
-1,282
-2,395
-5,723
_
-1,723
-2,414
-5,723
-4,137
|
t33
*
3?
8:
a
129
December 1977
_____FOREIGN CURRENCY POSITIONS _ _ _ _ _
Section III - Canadian Dollar Positions
Table FCP-III-1. - Nonbanking Firms’ Positions 1
/
Forward exchange 8/
Short-term trade
Positxon
at end
of month
Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
May
June
June
June
1977
1977
1977
1977
1977
1977
1977
1977
1977
1977
Liquid
assets 2/
Short
term
debt y
Pay
ables 5/
Receiv
ables 4/
(1 )
687r
631r
(2 )
181
145r
(3)
473r
495r
3,425r
660
4,085r
4,767r
155
4,922r
ll,426r
539r
665
5,684r
632r
ll,965r
6,316r
763r
255r
298
5,052
296
592r
660r
462
626
11,882
483
12,365
5,728
644
6,372
785
3,663
889
4,552
5,348
(4)
864r
Other
assets £/
Other
liabil
ities 2/
(5)
3,599r
3,620r
(6)
OTr
l,120r
(7)
78
7"
876
(8)
l,7^4r
l,859r
(9)
l,"ft$r
l,833r
20,584r
3,634,
914r
963r
l,877r
-513r
2,007r
2,520r
9,743r
l,842r
24,218rl
15,642r
1.160r
I6,802r
l,057r
1,080
16,235
870r
832
797
670
2,034r
3,707r
3,670
20,713
3,843
24,556
1,138
2,042
461
Ex
change
rate 10/
Positions
held by
offices in:
( )
10
0.9811
United States
ll,585r
0.9582
0.9476
0.9476
0.9476
United States
Abroad
United States
Worldwide
l,926r
0.9546
United States
0.9517
0.9444
0.9444
United States
Abroad
United States
Worldwide
1,703
9,579
1,702
11,281
2,105
2,566
1,467
17,373
Net
position 2/
Sold
Bought
0.9444
Table FCP-IH-2. - Weekly Bank Positions
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
()
1
1/05/77
1/12/77
1A9/77
1/26/77
2/02/77
2/09/77
2A6/77
2/23/77
3/02/77
3/09/77
3A6/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
()
2
402
Net
Foreign
branch
net
Exchange contracts 13/
World
wide
net
(3)
(4)
(5)
48
451
490
381
393
306
372
317
441
370
430
381
693
685
762
798
359
363
409
492
334
322
353
306
50
63
49
42
940
879
906
561
475
444
452
_
28
-24
-12
26
47
124
158
100
795
757
862
698
64
58
64
855
892
804
837
781
410
439
389
410
385
379
404
462
431
445
453
415
427
396
5/04/77
5/11/77
5/18/77
5/25/77
672
772
738
712
333
388
368
353
339
384
370
359
129
122
111
108
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
722
712
755
962
804
343
331
382
605
391
379
381
373
357
413
89
75
97
99
77
883
Footnotes at end of Table FCP-X-3.
384
385
402
348
379
432
438
419
471
500
539
585
496
468
506
481
467
468
456
470
456
490
Banks in U.S.
Sold
Bought
(6)
10,392
10,580
10,413
10.033
10,232
10,315
10,354
10,673
11,018
11,519
11,375
11,438
11,415
11,464
11,349
11,393
11,109
1
j
,
,
(7)
10,756
10,383
10,800
10,400
10,608
10,646
10,.767
11,016
11,458
111,925
1 1 863
1,
1
11,903
11,874
,11,941
,11,807
111,901
111,556
10,990
'11,392
11,437 ' 111,881
,12,147
11,684
12,130
1?,584
11,895
12,329
12,095
11,655
11,026 , 11,465
11,358
11,807
10,875
11,354
Net
()
8
-364
-258
. -387
-367
-376
-331
-413
-343
-440
-406
Net position
Foreign
branch
net
World
wide
net
(9)
15
35
-8
-13
-2
-43
-48
-35
-349
-223
-395
-380
-378
-374
-461
-378
( )
10
-449
-407
-452
-430
-442
-451
-519
-582
-480
-444
-463
-454
-9
-1
36
35
17
26
-61
-74
-33
-57
-3
-19
-25
-459
-447
-482
-479
-434
-440
-439
-449
-479
-19
11
-28
-28
3
-453
-429
-467
-477
-476
-488
-465
-459
-477
-458
-508
-447
-402
United
Foreign
States 1 / branch
£
15/
( )
12
( )
11
29
63
48
99
50
-15
-50
51
48
-42
20
-9
-60
1
-37
7
-61
-9
-2
27
-26
12
23
-34
-14
43
-24
73
-43
63
-81
84
-51
67
72
-63
-60
119
92
-93
-95
83
70
-55
86
-59
-66
69
-92
71
-66
80
World
Exchange
wide 16/ rate 17/
(13)
92
147
35
1
6
11
-59
-30
-70
25
-14
-11
29
49
20
3
16
(14)
.9980
.9945
.9899
.9839
.9786
.9779
.9745
.9652
.9572
.9516
.9503
.9488
.9475
.9480
.9511
.9551
.9540
9
59
-1
-12
.9553
.9540
.9549
.9522
15
27
3
-21
14
.9474
.9492
.9473
.9436
.9419
Scetion III - Canadian Dollar Positions
Table FCP-HI-3. - Consolidated Monthly Bank Positions W
O
Worldwide
End
of
month
(6)
Net
overall
position 2i/
(7)
-183
-107
-129
-112
35
-4
-500
-88
-109
-204
-170
109
375
-87
11,184
-500
-19
-106
11,973
-
1,965
2,601
3,295
2,607
1,616
346
12,430
-
-19
-299
-100
-65
-21
47
-457
-
93
-262
-293
-93
70
403
-82
-22
353
11,973
12,430
-457
-104
1,350
2,523
3,893
2,079
1,677
276
1,353
2,665
4,133
2,190
1,675
275
-3
84
-149
-296
-81
91
350
11,798
12,291
_
-493
J £, yJ*
L
—/ '
O?
-150
-145
-158
-47
-28
6
-522
Assets 22/
Balance sheet items
Liabilities
Net
(1)
(2)
Maturity
1977-Jan.....
(2) 3 days-1 month.....................
(3) Over 1 month-3 months...............
.............
(5) Over 6 months-1 year... ............ .
(6) Over 1 year.................... .
(9) Summary ((7) + (8)).... .............
Feb.....
(2) 3 days-1 month............... .......
(3) Over 1 month-3 months........ ........
(4) Over 3 mOnths-6 months...............
Bought
Foreim exchange contracts 20/
Sold
(5)
(3)
(4)
652
443
203
99
169
435
2,001
557
445
278
157
95
56
95
-2
-75
-58
74
379
1,256
1,439
2,308
2,415
3,062
3,191
2,260
(4) Over 3 months-6 2,372
months..
1,509
1,474
289
293
1,588
79
2,080
98
1,686
413
-19
10,684
_
11,184
_
394
10,684
761
457
188
151
156
422
649
420
381
179
65
66
1,760
112
37
-193
-28
91
356
1,946
2,302
3,195
2,542
1,595
393
375
-22
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
2,135
(9) Summary ((7) + (8)).................
2,244
131
1,891
Demand/spot......... ............ .
3 days-1 month...... ..... ........ ..
Over 1 month-3 months................
Over 3 months-6 months.............. .
Over 6 months-1 year... ........ .....
Over 1 year........................
Total of all maturities..............
Capital assets, liabilities...........
Summary ((7) + (8))........... ......
737
545
307
182
148
434
2,353
650
552
363
152
59
85
1,861
87
-7
-56
30
89
349
492
-22
2,464
133
1,QQ/y vh
470
• A (70
L,
Apr,...... (1) Demand/spot..... ...................
(2)3 days-1 month.......................
(3) Over 1 month-3 months.... ............
(4) Over 3 months-6 months..... ..........
(5) Over 6 months-1 year......*.... .......
(6) Over 1 year.... .......... ....... .
(7) Total of all maturities...............
601
520
374
178
148
462
492
537
331
213
106
86
109
-17
43
-35
42
376
862
2,178
4,217
2,367
1,515
263
1,012
2,323
4,375
2,414
1,543
257
2,283
1,765
518
11,402
11,924
113
2,396
134
-21
497
73
-22
-85
26
49
Mar..... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(8) Capital assets, liabilities............
(9)
May...... (1)
(2)
(3)
(4)
(5)
Summary ((7) + (8))..................
Demand/spot........................
3 days-1 month......................
Over 1 month-3 months.................
Over 3 months-6 months.............. .
Over 6 months-1 year.... ........ .
109
111
“
11,402
1,£Ll
1,899
487
514
436
175
97
98
400
240
(7) Total of all maturities...............
2,248
1,807
441
12,434
^8) Capital assets, liabilities...............
(9) Summary ((7) + (8))..................
113
2,361
698
489
519
205
136
-23
418
—
12,434
- ■ m
(2)
(3)
(4)
(5)
(6)
3 days-1 month............... ......
Over 1 month-3 months................
Over 3 months-6 months...............
Over 6 months-1 year.... ............. \
Over 1 year........................ )
(7) Total of all maturities...............
(8) Capital assets, liabilities...........
(9) Summary ((7 + (8))...................
662
559
476
215
(
.... w - ..
-70
43
-10
63
458
733
212
2,644
2,124
520
116
136
2,260
500
-240
-111
2
1
-1
-22
-41
-162
-115
-82
14
382
-4
3,364
3,135
2,926
1,558
-522
-300
-201
■1
*
96
391
4
oni
—
-437
-76
-228
-274
35
36
-23
-23
-19
—4u
-298
-231
25
99
435
11,703
12,233
-530
-10
11,703
12,233
-530
-£LQ,„
0 fiQ
O
3Z
8.
3 ti?
1 362
*278
—
12,871
v4?“
"
2,927
3,658
3,077
-25
-54
-278
-116
-27
47
-9
11,924
1,265
3,642
3,251
2,953
1,511
249
12,871
---
-20
2,760
-142
-21
560
492
351
201
146
498
1,943
1
Net
-20
§
<3
3
§•
December 1977
131
____ FOREIGN CURRENCY POSITIONS______
Section IV - French Franc Positions
Table FCP-IV-1. - Nonbanking Firms’ Positions y
(In millions of French francs)
Short-term trade
Position
at end
of month
Liquid
assets 2/
Short
term
debt 2/
(2)
2ij
233
10,970r
220r
Jan. 1977
Feb. 1977
Mar. 1977
Mar. 1977
Mar. 1977
(1)
153
122
4,797r
124
4,921r
Apr. 1977
May 1977
136
149
3,538
157
(4)
(3)
359r ---- "SOaF"""
172r
358
24,221r
14,923r
265r
217r
15,140r
24,486r
9,743
256
3,695
Pay
ables 2/
Receiv
ables i j
235
234
June 1977
June 1977
June 1977
Forward exchange 8/
9,999
ll,190r
24lr
194r
174
14,694
185
303
23,566
344
23,910
14,879
Net
position 2/
Other
assets 6/
Other
liabil
ities 2/
Bought
(5)
sib
jk?
817r
24,l69r
884?
25,053r
(6)
a06r
818
16,547r
928
17,475r
(7)
.... 971
745
556
774
1,330
860r
871
23,522
1,255
24,777
913
934
17,140
913
18,053
646
691
651
646
1,297
Ex
change
rate 10/
(9)
(10)
4.9714
4.9813
(8)
2,231
2,049
1,785
2,105
3,890
1,644
1,649
1,596
1,627
Sold
3,223
-l,230r
9,518
-l,423r
8,095r
4.9714
4.9714
4.9714
-l,103r
-977
8,104
-579
7,525
4.9594
4.9419
4.9193
4.9193
4.9193
Positions
held by
offices in:
United States
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
Table FCP-IV-2. - Weekly Bank Positions n /
(In millions of French francs)
Exchange contracts 13/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
(1)
(2)
1/05/77
1/12/77
1/19/77
1/26/77
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5/11/77
5A8/77
5/25/77
223
328
300
274
428
421
546
443
491
425
404
416
389
428
386
407
335
303
350
324
353
92
73
78
84
92
96
148
71
122
144
162
267
136
111
116
131
118
168
166
207
191
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
333
403
528
635
564
103
87
187
110
125
Footnotes at end of Table FCP-X-3.
Net
Foreign
branch
net
World
wide
net
Banks in U.S.
Bought
(4)
(5)
131
255
222
190
2,259
2,411
2,328
2,498
2,390
2,666
2,550
2,688
16,086
15,394
15,317
15,518
336
325
398
372
2,538
2,506
2,483
2,567
369
281
242
149
253
317
270
276
217
135
184
117
162
2,593
2,648
2,452
2,707
2,988
3,013
2,660
2,539
2,311
2,653
2,492
3,079
3,202
2,874
2,831
2,881
2,939
2,962
2,929
2,694
2,856
3,241
3,330
2,930
2,815
2,528
2,788
2,676
3,196
3,364
230
316
341
525
439
2,948
2,856
2,872
2,752
2,612
3,178
3,172
3,213
3,277
3,051
(3)
(6)
Sold
(7)
Net
(8)
15,896
14,833
15,391
16,139
15,499
16,272
15,883
3.6,024
16,677
16,182
16,742
16,619
16,001
16,577
16,870
16,056
16,234
16,569
16,169
16,025
16,153
16,653
15,622
16,288
17,042
16,371
16,978
16,660
16,543
17,294
16,739
17,286
17,285
16,557
17,102
17,341
16,550
16,797
-483
-775
-708
-635
-757
-789
-837
-903
-872
-706
-777
-519
-617
-557
-544
-666
-556
-525
-471
-494
-563
16,379
16,340
16,869
17,280
18,253
16,828
16,908
17,447
17,929
18,826
-449
-568
-578
-649
-573
Foreign
branch
net
(9)
Net position
World
wide
net
(10)
United
States 1y
Foreign
branch
(11)
-352
-520
—486
-445
-421
-464
-439
-531
-503
-425
-535
-370
-364
(12)
46
203
84
80
-2,713
-2,387
-2,282
-2,077
-2,413
-2,286
-2,827
-2,925
-2,696
-2,983
-2,952
-3,053
-3,206
-3,076
-3,105
-3,251 ,
-3,235
-3,210
-2,992
-3,000
-3,385
-3,270
-2,931
-2,948
-2,633
-2,938
-2,757
-3,321
-3,488
-274
-390
-339
-390
-287
-377
-401
240
-2,587
-2,464
-2,557
-2,348
-2,153
-3,036
-3,032
-3,135
-2,997
-2,726
-219
-252
-237
-124
-134
361
392
315
404
459
-2,213
-2,208
-2,244
-2,418
-2,449
-2,287
-2,268
-2,348
-2,363
-2,504
-2,215
-2,481
-2,768
World
Exchange
wide 1£/ rate 12/
w
-240
89
219
215
219
230
144
237
226
220
300
273
257
234
206
252
277
(13)
-306
-317
-402
-365
-322
-245
-224
-312
-273
-281
-298
-144
-144
60
-1
-133
-105
-150
-81
-125
-124
142
140
78
280
325
_ (14)
_
_
4.9505
4.9689
4.9813
4.9764
4.9714
4.9665
4.9689
4.9838
4.9739
4.9838
4.9838
4.9739
4.9665
4.9689
4.9689
4.9566
4.9505
4.9444
4.9591
4.9511
4.9461
4.9377
4.9444
4.9395
4.9374
4.9167
Section IV - French Franc Positions
Table FCP-IV-3. - Consolidated Monthly Bank Positions W
&)
N
Worldwide
End
of
month
Maturity
Assets 19/
Balance sheet items
Liabilities
Net
(2)
(3)
(1)
1977-jan...... (1) Demand/spot.... ...................
Foreign exchange contracts 20/
Sold
Net
(5)
(4)
(6)
Net
overall
position 21/
(7)
(6) Over 1 year........................
5,122
7,206
9,677
5,307
3,513
355
31,180
5,497
6,911
10,515
6,416
4,532
442
-375
295
-838
-1,109
-1,019
-87
34,313
-3,133
-910
599
665
-282
-175
-231
-334
<|IJtt
C
31.180
34.313
-3.133
-67
-401
4,588
2,742
2,041
805
609
1.194
11,979
481
12,460
-857
1,179
1,171
1,199
737
-109
3,320
5,751
7,520
9,369
7,046
5 155
*390
35,231
-834
-208
-249
-1,064
-1 308
_ *-25
-3,688
-
-1,691
971
922
-71
4,917
7,312
9,120
5,982
3 847
*365
31,543
-
15,709
(4) Over 3 months-6 months...................
4,792
3,392
1,573
981
708
1,182
12,628
Bought
3,249
31,543
35,231
-3,688
-439
4,638
3,946
3,334
1,601
1,737
1,145
16,037
5,848
2,705
1,809
662
677
1,163
12,864
-1,210
1,241
1,525
939
696
-18
5,477
7,709
9,990
6,675
5,403
397
35,651
302
-792
-992
-604
-1,460
56
3,173
5,779
6,917
8,998
6,071
3,943
453
32,161
-908
449
533
335
-764
38
-317
422
493
13,357
-71
3,102
32,161
35,651
-3,490
6,495
3,132
1,255
1,335
304
1,164
-2,135
1,018
1,891
425
1,285
-79
5,520
6,029
9,097
6,372
4,043
573
5,448
6,237
10,249
6,577
5,393
577
72
-208
-1,152
-205
-1,350
-4
13,685
2,405
31,634
34,481
-2,847
507
14,192
-85
34,481
-2,847
-527
-630
-679
-1,018
-690
-554
17
-1,421
352
500
-262
674
-8
-3,554
-165
4,257
3,696
3,076
1,808
1,552
1,038
15,427
-535
304
1,503
827
844
-144
2,799
—O I
.....................________________________
Feb...... (1) Demand/spot..................... .
(2) 3 days-1 month.....................
(7) Total of all maturities..............
Mar...... (1)
(2)
(3)
(4)
(5)
(6)
Demand/spot........ .............. .
3 days-1 month............. .........
Over 1 month-3 months.............. ..
Over 3 months-6 months..... ...... .
Over 6 months-1 year.............. .
Over 1 year........................
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8))............ .
.
Apr.... . (1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot........................
3 days-1 month.....................
Over 1 month-3 months................
Over 3 months-6 months..............
Over 6 months-1 year.... ............
Over 1 year........................
Total of all maturities..... .........
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8))... .............
May...... (1)
(2)
(3)
(4)
(5)
(6)
3,731
3,921
3,212
2,004
1,346
1.085
15,299
410
16,459
4,360
4,150
3,146
1,760
1,589
1,085
16,090
422
16,512
Demand/spot........................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year..... .
Over 1 year................... .....
4,985
4,161
2,878
1,609
1,458
1,146
(7) Total of all maturities..............
16,237
5,776
3,130
1,360
1,181
230
1,171
12,848
440
529
(8) Capital assets, liabilities..........
/ t fTMifiwwr- nr //r\ / t \
r\
rr j
r\
June..... (1)
(2)
(3)
(4)
(5)
(6)
16,677
r
13,377
-791
1 031
1*518
428
1,228
-25
A,862
-71
-388
-2,063
810
(Xi
OC
O\
-65
-83
j,oU4.
) KQ
5,492
7,134
9,982
7,831
4,358
442
3,389
31,685
35,239
-89
3,300
31,685
35,239
-3,554
-254
4,764
7,580
8,206
8,409
2,823
742
4,869
8,113
11,647
9,952
3,343
704
-105
-533
-3,441
-1,543
-520
38
-1,467
682
1,024
-596
535
-7
38,628
-6,104
171
6,455
8,964
7 1/
I
5,435
3,812
6,233
2,020
1,280
1,142
225
1,187
-1,362
1,215
4,465
947
1,055
-45
(7) Total of all maturities..............
19,922
13,647
6,275
32,524
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8)).................
555
20,477
544
14,191
11
6,286
32,524
1,(OO
J
L
-3.490
_
-71
-85
2,320
Demand/spot........................
3 days-1 month.......... ........ .
Over 1 month-3 months...............
Over 3 months-6 months...............
Over 6 months-1 year................
Over 1 year........................
6,797
-
f.
j
-13A
-368
'
" ''
-
-89
11
38.628
-6,104
______________
M2
1
ta
%
I.
December 1977
133
_____FOREIGN CURRENCY POSITIONS
Section V - German Mark Positions
Table FCP-V-1. - Nonbanking Firms’ Positions 1/
(In millions of marks)
Short-term trade
Position
at end
of month
Liquid
assets 2/
Jan.
Feb.
1977
1977
1977
1977
1977
Apr.
May
June
June
June
1977
1977
1977
1977
1977
Pay
ables 5/
(3)
8,574
1,236
1,189
7,815
1,077
8,892
15,066
206r
15,272r
(4)
"TOr
96lr
ll,088r
1,379
12,467r
678
689
7,847
725
8,572
7,331
1,243
Mar.
Receiv
ables i j
(2)
807
796
7,228r
755
7,983r
(1)
1,105
1,201
Mar.
Mar.
Short
term
debt 2/
259r
266
14,889
254
15,143
l,627r
1,921
10,848
2,139
12,987
1
200r
Forward exchange 8/
Other
assets £/
Other
liabil
ities 2/
(5)
1,398
l,876r
19,038r
l,392r
20,430r
(6)
3,028
2,851
I6,950r
2,861
19,8llr
(
7)
2,209
2,175
l,072r
1,727
2,799r
1,399
1,498
19,143
1,517
20,660
2,882
2,890
16,182
2,852
1,738
1*780
905
1,901
19,034
2,806
Net
position 2/
Ex
change
rate 10/
(8)
1,303
1,380
l,0?3r
1,156
2,229r
(9)
-1',04’e
fr
-536r
6,l68r
-l,583r
(10)
2.4070
2.3881
1,713
1,673
996
1,659
2,655
-2,268r
-2,440
6,879
-2,626
Sold
Bought
4,585r
4,253
2.3909
2.3909
2.3909
2.3590
2.3582
2.3389
2.3389
2.3389
Positions
held by
offices in:
United States
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
Table FCP-V-2. - Weekly Bank Positions 13
/
(In millions of marks)
Banks in U.S.
Assets Liabilities
(1)
1/05/77
1A2/77
1A9/77
1/26/77
2/02/77
2/09/77
2A6/77
2/23/77
3/02/77
3/09/77
3/L6/77
3/23/77
3/30/77
926
924
863
1,149
1,219
1,206
1,165
1,063
1,195
1,096
1,107
Net
Foreign
branch
net
World
wide
net
(5)
615
551
508
816
311
373
355
333
4,103
3,560
354
263
284
218
4,539
4,522
4,358
3,635
22,061
23,227
24,029'
24,207
24,350;
23,237!
23, ]
001
351
332
331
274
326
248
157
2,534
2,726
2,812
2,928
2,989
3,038
3,109
3,448
3,282
2,923
3,046
3,163
23,333,
22,5$7,
22,005,
3,260
21,002,
2 i 743
2,
23,132
3,312
3,435
3,696
3,439
21,462
!21,738
1,134
1,130
1,080
990
919
5/04/77
5/11/77
5/18/77
5/25/77
917
893
837
822
633
698
695
649
284
195
142
173
2,981
3,133
3,429
3,113
3,265
3,328
3,571
3,286
25,577
27,278
25,751
25,908
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
796
778
757
729
711
569
662
634
581
574
227
116
123
148
137
3,509
3,659
3,819
3,736
3,775
3,942
4,269
4,445
24,244
26,341
,24,534
i
24,645
27,457
24,479
26,596
24,713
?4,950
27^409
Footnotes at end of Table FCP-X-3.
4,121
4,308
23,908
23„953
24,289
2 ,0 0
4 4
- 2,0 0
4
-1,694
-2,214
-2,167
-1,805
-1,770
-2,520
-2,255
-2,006
-2,241
-2,577
..
18
20,88b1 a, 2
4/06/77
4A3/77
A/20/77
4/27/77
3
10
-3,763
-3,287
-3,098
-2,348
-1,764
-1,859
-2,495
-1,875
'
21,381
3,320
4,096
(10)
-3,013
-2,471
-1,973
-3,333
-3,056
-2,927
-2,184
-1,766
-1,844
-1,637
-1,499
- 1,836
22,535
23,538
24,471
'24,637
'24,581
123,408
'23,165
23,742
'23,235
,22,690
3,202
(6) !
(7)
(4)
3,792
3,187
2,847
3,763
4,185
4,259
4,074
3,417
World
wide
net
(9)
-2,680
-1,997
-1,622
-2,780
Bought!
865
943
881
845
806
786
756
808
803
856
754
742
762
1,140
Foreign
branch
net
Banks in U.S.
(3)
(2)
Net position
Exchange contracts 13/
Assets and liabilities 12/
,23,883
24,204
24,448
25,653
27,584
24,128
-157
I
-235
-
-305
!8
4
2,322
2,461
-2,993
-2,963
3,222
-
-2,125
-2,492
-
2,322
-1,858
-2,225
-1,834
-2,476
-2,034
-
-
1,962
2,640
-3,298
-2,915
United
Foreign
States 1Lt branch
12/
(12)
(11)
1,112
-22
1,190
-101
1,185
44
983
-109
852
-76
32
1,203
1,147
113
1,233
54
768
30
892
-338
1,175
-334
-27
1,429
-58
1,153
-2
1,274
1,250
351
953
-3
1,407
-2
208
-111
54
16
-8
-139
-56
-157
185
1,287
919
1,262
1,308
1,503
1,337
1,358
1,128
1,345
World
Exchange
wide 16/ rate 17/
(13)
1,090
1,089
1,229
874
776
1,235
1,260
1,287
798
554
8I
4
1,402
1,095
1,272
1,601
950
1,405
(14)
2.3513
2.3795
2.4120
2.4275
2.4178
2.4036
2.3998
2.3966
2.3935
2.3987
2.3912
2.3889
2.3892
2.3869
2.3677
2.3745
2.3590
1.495
808
1,316
1,324
2.4393
2.3722
2.3579
2.3596
1.495
1,198
2.3563
2.3582
2.3538
2.3547
2.3359
1,302
971
1,530
Section V - German Mark Positions
Table FCP-V-3. - Consolidated Monthly Bank Positions is/
Worldwide
End
of
month
Balance sheet items
Liabilities
Maturity
Assets 19/
(1)
(2)
(3)
(1) Demand/spot........................
.....................
(3) Over 1 month-3 months...............
(4) Over 3 months-6 months..............
(5) Over 6 months-1 year................
(6) Over 1 year........................
6,005
12,825
12,819
6,961
3,728
11,177
8,721
14,752
10,791
4,722
3,061
7,787
Forei?n exchange contracts 20/
Sold
Bought
Net
-2,716
-1,927
2,028
2,239
667
3,390
(5)
(4)
Net
overall
position 21/
(7)
Net
(6)
(7) Total of all maturities..............
49,834
3,681
1,511
55,026
1,938
51,772
-427
3,254
83,853
90,825
-6,972
-427
-3,718
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot.................... .
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 mCmths-6 months...............
Over 6 months-1 year................
Over 1 year.................... .
6,728
12,511
14,029
6,498
3,802
11,230
11,288
15,456
15,173
13,077
8,017
3,112
11,224
16,369
16.276
13,014
8,316
3,382
64
-913
-1,133
63
-299
-270
-3,861
-1,442
626
1,975
294
3,511
54,798
10,653
13,040
12,300
4,586
3,209
7,449
51,237
2,012
-3,925
-529
1,729
1,912
593
3,781
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
Feb.....
53,515
31,852
36,605
13,161 3 days-1 month13,673
(2)
17,256
18,403
11,078
10,834
7,610
7,627
3,140
3,439
90,825
83,853
(8) Capital assets, liabilities..........
1977-Jan.....
3,561
66,123
68,581
-2,458
66,123
68,581
-2,458
1,103
-595
508
-4,753
-512
-1,147
-244
-17
-299
-6,972
-7,469
-2,439
881
1,995
650
3,091
-3,291
(9) Summary ((7) + (8)).................
53,249
-595
2,966
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot........................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months...............
Over 6 months-1 year................
Over 1 year........................
6,560
14,319
11,063
6,635
3,725
11,022
9,824
15,223
9,049
4,614
2,956
7,414
-3,264
-904
2,014
2,021
769
3,608
10,088
13,023
14,683
14,416
7,483
3,068
10,485
14,180
15,163
14,119
8,322
3,469
-397
-1,157
-480
297
-839
-3,661
-2,061
1,534
2,318
-70
3,207
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8)).................
Mar.....
1,417
56,215
53.324
1,140
49,080
2,013
4,244
-873
62,761
65,738
-2,977
-
-
-
1,267
-873
54.464
7,021
13,945
12,009
6,189
4,200
10,676
54.040
1,178
'$*,2®
51.093
10,886
15,225
9,022
4,285
3,098
7,294
T9,810
2,014
51,824
71
-3,865
-1,280
2,987
1,904
1,102
3,382
4,230
-836
62J61
13,238
12,048
15,715
14,129
7,253
3,282
65,665
b5,bb5
65,738
13,936
12,951
16,683
13,486
7,934
___ 3,594
68.584
—
b8,5«4
-2,977
-698
-903
-968
643
-681
-312
-2.914
-401
2,919
394
-4,563
-2,183
2,019
2,547
421
3,070
1,311
-836
4V5
May..... [1 Demand/spot........................
)
[2) 3 days-1 month.................... .
[3) Over 1 month-3 months................
(4) Over 3 months-6 months...............
[5) Over 6 months-1 year.................
(6) Over 1 year........................
6,753
13,700
14,104
6,274
4,098
11,161
9,466
16,105
10,796
4,550
3,443
7,287
-2,713
-2,405
3,308
1,724
655
3,874
10,769
13,805
18,203
14,464
8,420
3,507
10,572
15,170
18,889
15,127
8,760
3,669
197
-1,365
-686
-663
-340
-162
-2,516
-3,770
2,622
1,061
315
3,712
(7) Total of all maturities..............
(8) Capital assets, liabilities...........
50,090
1,182
51,647
1,992
4,443
-810
69,168
72,187
-3,019
-
-
-
1,424
-810
(9) Summary ((7) + (8)).................. 1
57,272
53,639
3,633
69,168
72,187
-3,019
614
(1
)
[2
)
()
3
[4
)
[)
5
(6)
10,445
15,224
11,118
4,708
3,001
7,312
14,240
19,166
20,609
14,119
8,378
3,658
284
-818
-809
-797
-396
-191
77,443
80,170
-2,727
-3,417
-1,164
1,485
1,197
2,215
1,540
1,856
2,037
-3,701
-346
2,294
1,994
2,611
1,731
4,583
-842
14,524
18,348
19,800
13,322
7,982
3,467
( ) Capital assets, liabilities...........
$
6,744
14,878
13,412
6,702
5,612
9,043
56,391
1,195
-
-
_
-842
(9) Summary ((7) + (8))..................
57,586
53,845
3,741
77,443
80,170
-2,727
1,014
(l) Demand/spot....... .................
(3) Over 1 month-3 months................
[7) Total of all maturities..............
(8) Capital assets, liabilities...........
June...
Demand/spot........................
3 days-1 month......................
Over 1 month-3 months................
Over 3 months-6 months...............
Over 6 months-1 year.................
Over 1 year........................
' ) Total of all maturities........... .
7
- ..
51,806
3 ,m
..
.
51
I
-I
Is
I-
135
December 1977
____ FOREIGN CURRENCY POSITIONS______
Section VI - Italian Lira Positions
Table FCP-VI-1. - Nonbanking Firms’ Positions 1
/
Forward exchange 8/
Short-term trade
Position
at end
of month
Jan.
Feb.
Mar.
Mar.
1977
1977
1977
1977
33
ss
it
Mar. 1977
Apr. 1977
May 1977
June 1977
Liquid
assets 2/
Short
term
debt 2/
Pay
ables 5/
Receiv
ables l j
(4)
(3)
(2)
(1)
250,506i
17,009r
4,281
44,443
246,265r
I4,528r
56,713
4,180
471,371r l,283,510r 2,834,0?8 1,592,226
216,794*
13.520r
45,759
4,182
475,553r l,329,269r 3,050,832r l,605,746r
205,679r
15,025r
55,379
4,334
13,265
4,192
97,871
202,240
399,584 1,207,664 2,744,394 1,510,822
168,671
4,248
104,473
13,414
403,832 1,312,137 2,913,065 1,524,236
Other
assets 6/
(5)
81,494
83,843
2,083,774a
83,660
(6)
30,847
2,020,899
Net
position 2/
Ex
change
rate 10/
(9)
136,^4^
112,556r
359,095r
ll8,730r
884.56
26,979
17,292
(8)
129,290
135,687
186,580
113,337
44,271
17,262
69,040
299.917
111,229
89,995
477,825*
97,686r
96,133
271,208
78,344
349,552
315,900
68,657
384,557
Bought
(7)
16,056
16,206
31,010
1,994,751r
30,582
2,167,434* 2,025,333r
29,818
81,862
29,499
51,291
1,964,641
56,258
Sold
40,817
Other
liabil
ities 2/
1,843,842
31,173
1,875,015
66,884
107,701
Positions
held by
offices in:
(10)
887.71
887.71
887.71
886.70
885.54
884.75
884.75
884.75
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
Table FCP-VI-2. Weekly Bank Positions 11/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
Net
World
wide
net
(4)
(5)
(1)
1/05/77
1/12/77
1/19/77
1/26/77
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
(2)
(3)
31,113
24,496
25,610
39,571
39,238
33,403
41,738
52,620
6,580
1,220
693
3,369
24,533
23,276
24,917
36,202
161,544
167,195
162,063
135,465
331
4,643
2,792
1,313
915
929
1,844
608
4,353
1,595
9,602
807
4,165
905
6,105
1,227
10,702
6,137
711
2,997
6,624
6,671
38,907
28,760
38,946
51,307
63,027
46,435
46,191
47,994
33,197
31,876
23,641
39,424
38,644
48,467
42,376
43,586
43,440
39,128
51,572
50,603
53,496
49,117
133,414
119,518
127,117
105,295
135,076
171,701
175,468
144,789
130,631
114,547
159,070
118,911
152,894
133,371
133,768
130,140
102,918
161,877
194,509
142,237
164,929
175,886
63,942
47,364
48,035
48,602
37,550
33,471
33,243
40,231
42,809
49,372
48.481
44,813
54,142
45,265
52,283
53,600
60,120
55,788
Footnotes at end of Table FCP-X-3.
Exchange contracts 13/
Foreign
branch
net
186,077
190,471
186,980
171,667
172,321
148,278
166,063
156,602
198,103
218,136
221,659
192,783
163,828
146,423
182,711
158,335
191,538
181,838
176*144
173,726
146,358
201,005
246,081
192,840
218,425
225,003
Banks in U.S.
Bought
(6)
840,445
824,618
808,924
767,547
Sold
(7)
Net
(8)
Foreign
branch
net
Net position
World
wide
net
( )
10
(9)
■105,501
•108,882
•107,951
-77,201
-146,649
-149,251
-167,56?
-151,152
-76,247
850,573
862,758
-50,338
828,578
-75,620
-65,139
881,133'
823,514 -100,233 -87,995
789,642 - 4 ,501 '
7!
■136,217
841,803, -75„703 •132,621
815,860 -73|,512 -99,990
829,872, -43,350 -66,736
781,383 -Ul'206 -70,192
7&1,518! - 6 ,997 -122,552
3'1
774,63^ 7^5,'388 -67,291
-1,
840,179 1 5 ' 211 -96,808
834,933 896,116 -61,183 -80,320
840*146 890,724 -50,578 -80,827
4'
832,503 875,799' - 3 ,296 -79,567
-5 '3
919,204 964,740 - 4 , 5 6 -51,350
895,500 938,950, r43,450 -80,552
890,654 942,437 '4>1,'783 -120,386
949,'681 998,032 '-48,351 -68,293
4'
959,105 1,003,883' - ^ ,778 -75,231
1,014, 2 0 1,050,491 -36^211 -83,062
'8
-150,015
-99,362
-146,980
-148,414
-188,228
-210,718
-208,324
-173,502
-110,086
-114,398
-159,549
-122,679
-148,019
-141,503
-131,405
-122,863
-96,886
-124,002
-172,169
-116,644
-120,009
-119,273
776,805
813,734
757,218
797,858
723,281
715,141
766,100
7 2 '348
4,
786,522
737,177
744,521
719,251
788,968
881,593
864,987
868,535
841,498
-41,148
-40,369
-59,611
-73,951
-73,768
-49,024
-71^360
-83,275
United
Foreign
States 2A/ branch
12/
(12)
(11)
-16,615
-17,093
-34,694
-37,749
-34,861
-20,264
-32,414
-31,968
-37,206
-28,066
-29,512
-25,518
-10,153
-12,330
-13,356
-15,964
-12,567
-12,716
-8,202
290
-2,096
-4,322
-211
2,252
8,718
12,906
56,043
58,313
54,112
58,264
57,167
69,180
51,497
40,156
47,081
35,484
42,847
44,799
63,895
44,355
36,518
51,620
56,086
53,051
52,941
50,573
51,568
81,325
74,123
73,944
89,698
92,824
World
Exchange
wide 16/ rate 17/
(13)
39,428
41,220
19,418
20,515
22,306
48,916
19,083
8,188
9,875
7,418
13,335
19,281
53,742
32,025
23,162
35,656
43,519
40,335
44,739
50,863
49,472
77,003
73,912
76,196
98,416
105,730
(14)
875.27
876.04
881.45
881.45
881.45
882.22
882.22
882.22
885.35
884.56
886.92
887.71
887.71
886.92
886.92
886.92
886*33
886.13
886.13
886.13
885.54
885.54
885.35
885.35
884.95
884.76
Treasury Bulletin
136
_____ FOREIGN CURRENCY POSITIONS_______
Section VII - Japanese Yen Positions
Table FCP-VII-1. - Nonbanking Firms* Positions y
Forward exchange 8/
Short-term trade
Position
at end
of month
Liquid
assets 7J
(1)
- Jan.
Feb.
Mar.
Mar.
Mar.
Apr.
May
June
June
June
197^
1977
1977
1977
1977
1977
1977
1977
1977
1977
71,655
184,921
75,609
260,530
f 73,073
76,830
203,247
54,550
257,797
Short
term
debt 2/
Pay
ables 5 /
Receiv
ables i j
(3)
22,550
25,499
671,225
21,121r
(2)
"1755?”
728
303,371
1,246
304,617
644
673
277,721
706
278,427
(4)
31,907
25,955
466,313
25,000r
Other
assets £/
Other
liabil
ities 2J
(5)
'^ITOTir
30,371?
392,885
32,927r
(6)
10,121
10,083
336,825
10,061
346,886
9,989
10,001
692,346r
425,81Zr
491,33#?
23,
21,324 " “ W r ” " 47,325
50,063
27,109
25,416
431,038
24,973
456,011
637,487
22,032
659,519
409,556
50,382
459,938
Net
position 2/
Sold
Bought
Ex
change
rate 10/
(10)
(7)
61,9^7
66,716r
20,808r
69,861r
90,669r
(8)
(9)
111,079
4,676r
114,322r
ll8,998r
46,396r
158,654r
48,889r
282.77
71,214r
68,885
375,987
10,302
386,289
115,103r
113,319
207,543r
62,25fer
70,092
277.43
277.40
277.28
11,851
116,127
127,978
183,804
75,227
259,031
267.00
267.00
267.00
30,111
100,371
130,482
Positions
held by
offices in:
dtiG. j?
277.43
277.43
united states
United States
Abroad
United States
Worldwide
United States
United States
Abroad
United States
Worldwide
Table FCP-VII-2. - Weekly Bank Positions II/
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
1/26/77
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
(2)
(3)
(4)
(5)
(6)
100,741
100,243
104,690
101,440
100,245
97,822
99,228
96,006
11,371
10,991
390,801
391,367
397,058
392,170
480,171
480,619
491,110
483,064
402,685
397,728
401,367
492,093
484,217
487,900
486,509
854,885
835,798
867,316
874,534
832,687
814,996
864,059
838,528
93,821
91,424
89,039
12,666
(1)
1/05/77
Net
Foreign
branch
net
87,162
14,088
84,923
85,592
86,728
82,384
84,853
71,245
66,946
66,735
66,333
65,785
57,180
52,905
60,866
11,338
13,200
11,647
13,298
89,370
89,252
94,052
90,894
89,408
86,489
86,533
84,883
81,155
79,159
76,995
76,611
73,074
73,585
72,392
75,081
69,086
13,569
14,678
9,611
12,604
10,240
10,831
12,891
11,292
10,955
71,284
56,567
57,335
54,131
56,093
54,954
44,289
41,613
49,911
88,201
10,638
10,546
10,837
11,333
12,695
11,123
12,265
12,044
11,590
Footnotes at end of Table FCP-X-3.
401,626
401,479
400,620
396,185
392,783
386,212
386,622
395,483
390,449
392,441
388,065
390,740
392,976
386,454
388,686
391,893
396,205
397,000
410,250
Sold
-
(7)
941,457
927,292
958,682
952,179
916,625
892,879
939,937
909,178
951,165
482,634 888,315
975,801
479,779 909,179
473,180 882,956
949,482
469,394 947,957 1,011,297
459,286 935,551 1,000,871_
460,207 933,234 1,001,918
467,875 971,808 1,039,041
465,530 1,006,607 1,064,517
461,527 ’ 970,810 1,025,638
459,349
447,307
450,311
440,585
444,779
446,847
440,494
438,613
460,161
951,733
991,497
979,229
1,002,505
944,166
1,030,389
1,019,059
1,014,097
1,029,231
1,013,252
1,047,178
1,023,658
1,042,980
986,900
1,072,400
1,048,571
1,042,049
1,059,784
Net position
Foreign
branch
net
World
wide
net
(9)
-327,826
-329,020
-335,879
-328,056
-414,398
-420,514
-427,245
-405,701
-338,831
-332,757
-334,811
-334,561
-422,769
-410,640
-410,689
-405,211
-68,684
-67,233
-57,910
-54,828
-333,260
-334,400
-328,020
-325,377
-314,103
-318,818
-320,588
-323,259
-315,207
-396,110
-401,022
-394,546
-388,717
-379,423
-387,502
-387,821
-381,169
-370,035
-61,519
-55,681
-44,429
-40,475
-42,734
-42,011
-29,512
-27,952
-30,553
-312,021
-315,120
-310,230
-307,660
-312,682
-314,607
-312,135
-324,025
-331,028
-373,540
-370,801
-354,659
-348,135
-355,416
-356,618
-341,647
-351,977
-361,581
Net
(8)
-86,572
-91,494
-91,366
-77,645
-83,938
-77,883
-75,878
-70,650
-62,850
-66,622
-66,526
-63,340
-65,320
(10)
United
Foreign World
Exchange
States 1Li branch
wide 16/ rate 17/
12/
(11)
(12)
(14)
.. (13)
.
2,798
291.67
62,975
65,773
-2,242
62,347
60,105
292.35
2,686
289.52
63,865
61,179
288.02
13,249
77,363
64,114
5,470
288.06
63,854
69,324
8,606
64,971
73,577
285.84
77,211
66,556
283.77
10,655
81,298
67,065
14,233
283.41
18,305
283*17
68,219
86,524
66,220
12,537
78,757
282.29
281.81
68,165
10,469
78,634
13,271
67,406
80,677
277.43
277.70
72,109
79,863
7,754
4,901
67,804
72,705
273.15
5,159
272.18
74,895
80,054
17,171
67,190
84,361
278.44
14,258
91,492
277.66
77,234
9,765
886
12,906
13,656
13,359
12,943
14,777
13,661
19,358
76,044
75,620
82,746
78,794
76,004
77,286
84,070
72,975
79,222
85,809
76,506
95,652
92,450
89,363
90,229
98,847
86,636
98,580
276.63
278.01
277.43
277.37
277.20
274.12
272.52
271.63
267.31
Section VII - Japanese Yen Positions
Table FCP-VII-3. - Consolidated Monthly Bank Positions w
%
Worldwide
End
of
month
Assets 19/
Balance sheet items
Liabilities
Net
(1)
(2)
(3)
Maturity
1977-Jan......
(4)
Foreign exchange contracts 20/
Sold
Net
(5)
Bought
(6)
Net
overall
position 21/
(7)
125,530
486,221
727,046
188,898
51,204
26,015
376,577
229,310
286,875
81,419
34,050
110,992
-251,047
256,911
440,171
107,479
17,154
-84,977
148,933
390,743
522,340
366,427
243,507
15,046
151,439
462,278
651,091
507,953
307,527
30,446
-2,506
-71,535
-128,751
-141,526
-64,020
-15,400
-253,553
185,376
311,420
-34,047
-46,866
-100,377
1,604,914
25,887
1,630,801
1,119,223
33,196
485,691
1,686,996
2,110,734
-423,738
61,953
1,152,419
-7,309
478,382
1,686,996
2,110,734
-423,738
54,644
171,151
447,833
711,805
200,680
61,494
27,524
1,620,487
26,611
415,051
221,678
272,557
183,741
30,296
11,325
1,134,648
34,276
-243,900
226,155
439,248
16,939
31,198
16,199
485,839
-7,665
216,027
414,385
494,821
424,849
233,726
8,531
207,009
494,010
633,274
557,523
270,812
27,251
9,018
-79,625
-138,453
-132,674
-37,086
-18,720
-234,882
146,530
300,795
-115,735
-5,888
-2,521
1,792,339
-
2,189,879
-
-397,540
-
88,299
-7,665
1,647,098
1,168,924
478,174
1,792,339
2,189,879
-397,540
80,634
171,673
389,394
780,877
195,807
56,534
27,754
436,198
255,680
283,159
150,587
39,221
7,482
1,182,327
-264,525
133,714
497,718
45,220
17;313
20,272
169,156
426,818
698,032
603,940
265,679
29,772
10,506
-81,002
-133,681
-144,577
-21,500
-18,091
-388,345
_
-254,019
52,712
364,037
-99,357
-4,187
2,181
449,712
-9,496
179,662
345,816
564,351
459,363
244,179
11,681
1,805,052
-
l,208z175_
391,42Ur
254,309
285,188
119,586
54,048
10,143
^440,216
-262,10Ur
156,265
473,419
56,784
13,168
19,587
1,805,052
^,709
393,449r
641,908r
423,215r
228,793r
11,728
2,193,397
-388,345
1^,174
-84,575r
-154,042r
-126,52ir
-ll,213r
-14,002
51,871
-249,92^r
71,690r
319,377r
-69,737r
l,955r
5,585
1,571,917*
29,807r
1,605,998
l,114,794r
36,040
457,123r
-6,233r
l,932,802r
-
2,310,981r
-
-378,179r'
-
450,890r
l,932,802r
2,310,981r
-378,179r
Demand/spot.......................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities..............
141,900
507,986
732,759
120,784
42,472
32,946
1,578,847
356,732
297,940
388,256
58,801
30,335
9,738
1,141,802
-214,832
210,046
344,503
61,983
12,137
23,208
171,996
462,473
582,370
402,413
206,113
9,852
1,835,217
5,949
-91,919
-137,881
-107,319
-15,497
-10,083
-356,750
-208,883
118,127
206,622
-45,336
-3,360
13,125
437,045
166,047
554,392
720,251
509,732
221,610
19,935
2,191,967
(8) Capital assets, liabilities...,........
30,431
1,609,278
37,107
-6,676
1,835,217
2,191,967
-356,750
-6,676
73,619
360,4^4
487,521
564,591
452,449
198,312
16,352
... 3ii,i8i
617,014
717,089
521,106
213,990
22,665
2,403,045
-107737. .. . h .""
_
-129,493
-152,498
-68,657
-15,678
-6,313
-383,396
-61,698
352,271
1,154
-10,720
12,557
60,250
(2) 3 days-1 month.....................
(3) Over 1 month-3 months...............
(4) Over 3 months-6 months..............
(7) Total of all maturities..............
Feb......
(3) Over 1 month-3 months...............
(4) Over 3 mOnths-6 months...............
(5) Over 6 months-1 year................
(7) Total of all maturities..............
(8) Capital assets^ liabilities..........
Mar
sr
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spox......... ..............
3 days-1 month.....................
Over 1 month-3 months.......... .....
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities..............
(8) Capital assets, liabilities..........
Apr..... (l) Demand/spot........ ............... .
(8) Capital assets, liabilities..........
May..... (1)
(2)
(3)
(4)
(5)
(6)
(7)
(9) Summary ((7) + (8))..,,..............
June...
(6) Over 1 year.......................
(7) Total of all maturities.............
(8) Capital assets, liabilities..........
1.622.039
26,352
1,648,391
129,420r
410,574
758,607
176,370
67,216
29,730
35,848
.
' 130,346......
431,568
812,561
148,138
39,451
28,194
1,590,252
l,150,834r
1,178,909
363,773
307,792
78,327
34,493
9,324
1,146,606
430,369
..- ^ 2 j 5 T .
.
67,795
504,769
69,811
4,958
18,870
2,193,397
-
478,024r
795,950r
549,736r
240,006r
25,730
'
VO
-7,309
61,367
-9,496
78,944r
-6,233r
72,711r
80,295
443,646
2,019,649
30,741
37,835
-7,094
-
-
-
-7,094
1,620,993
1,184,441
436,552
2,019,649
2,403,045
-383,396
53,156
U>
Treasury Bulletin
138
____ FOREIGN CURRENCY POSITIONS
r
Section VIII - Swiss Franc Positions
Table FCP-VIH-1. - Nonbanking Firms* Positions
Forward exchange 8/
Short-term trade
Position
at end
of month
Jan.
Feb.
1977
1977
Mar. 1977
Mar. 1977
Mar. 1977
Apr. 1977
May 1977
June 1977
June 1977
June 1977
Liquid
assets 2/
(1 )
614
403
l,689r
260
1,944*
Short
term
debt 2/
(2)
1,569
1,461
1,115
1,159
Receiv
ables 4/
Pay
ables 5 /
(3)
53
52
l,811r
53
±,tfb4r
(4)
185
194
983r
203
l,l«br
X m
267
1,172
253
1,123
1,591
280
1,132
193
Other
assets £/
(5)
618
534
3,898
531
4,42$
538
507
1,659
60
1,017
232
3,772
532
1,719
1,119
2,251
1,871
2l6
59
93
1/
1,249
4,304
Other
liabil
ities 2/
()
6
4,083r
3,907r
Net
position 2/
Ex
change
rate 10/
()
8
467
170
(9)
-4,411r
-4,309r
( )
10
2.5069
2.5530
167
139
3l4r
-4,217r
-3,903r 1
2.5445
2.5445
2.5445
170
-4,171r
-3,895
2.5255
2.5050
United States
194
314
399
198
170
84
-3,837
Abroad
United States
713
368
-3,753
2.4624
2.4624
2.4624
Bought
Sold
(7)
608r
434r
174r
293r
467r
3,844r
3,611
367r
373
4,905
3,587
8,492
4,993
3,853r
«,«4br
306
Positions
held by
offices in:
United States
United States
Abroad
United States
Worldwide
United States
Worldwide
Table FCP-VIH-2. - Weekly Bank Positions n /
Assets and liabilities 12/
Banks in U.S.
Date
Assets Liabilities
()
1
602
620
()
2
1/05/77
1/12/77
1/19/77
1/26/77
646
1,111
2/02/77
2/09/77
2/16/77
2/23/77
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5/L1/77
5A8/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
1,113
933
1,041
1,014
980
969
985
955
912
763
609
619
676
710
593
$28
612
602
7®1
505
478
415
Net
331
789
742
663
712
606
Exchange contracts 13/
World
wide
net
Banks in U.S.
Bought
(4)
(5)
(6 )
241
314
315
3,025
3,266
2,952
3,009
2,692
11,909
12,052
12,009
12,699
371
270
329
2,203
2,581
2,304
2,564
2,469
2,349
2,317
2,416
2,702
2,262
2,378
2,483
2,289
2,574
2,851
2,633
2,972
11,838
(3)
361
306
322
408
605
645
582
581
589
523
421
367
375
324
403
374
323
240
386
188
252
290
427
395
283
198
480
148
397
215
400
401
308
202
300
376
292
Foreign
branch
net
197
102
123
Footnotes at end of Table FCP—X—3.
2,638
2,694
2,370
2,384
2,359
2,131
2,317
2,379
2,171
2,490
2,451
2,550
2,844
2,673
2,720
2,790
3,025
2,502
2,566
2,735
2,579
2,667
2,557
2,279
2,532
2,581
2,471
2,687
2,553
2,673
12,428
12,340
11,745
12,460
12,954
12,038
13,223
12,055
12,553
12,982
13,340
13,875
13,497
13,878
12,246
12,212
12,389
17,046
11,728
12,210
12,474
Sold
(7)
Net
()
8
Foreign
branch
net
Net position
World
wide
net
( )
10
14,365
-561
-245
-478
-490
(9)
-2,802
-2,444
-2,513
-2,020
-2,078
-2,306
-1,953
-2,063
-2,115
-2,099
-2,055
-2,043
-2,655
-2,212
-2,175
-2,243
-1,878
-2,986
-2,826
-2,911
-2,430
-2,485
-2,530
-2,305
-2,426
-2,538
-2,728
-2,800
-2,650
-3,285
-2,773
-2,420
-2,721
-2,368
13,895
14,229
12,633
12,706
12,754
17,476
12,084
12,496
12,768
-398
-351
-387
-494
-365
-430
-356
-286
-294
-2,095
-2,173
-1,885
-1,976
-2,019
-1,738
-2,146
-2,035
-2,179
-2,493
-2,524
-2,272
-2,470
-2,384
-2,168
-2,502
-2,321
-2,473
12,093
12,434
12,407
13,109
12,835
12,564
12,190
12,108
12,883
13,583
12,783
13,830
12,685
13,114
13,227
13,818
-184
-382
-398
-410
-407
-224
-352
-363
-423
-629
-745
-607
-630
United
Foreign
States 14 branch
/
15/
( )
12
(ID
57
223
-68
194
181
-83
-88
350
-36
125
46
275
351
-23
501
45
-48
-305
-342
-233
-307
World
Exchange
wide 16/ rate 17/
(13)
280
126
98
262
(14)
2.4528
2.4765
2.5069
2.5240
89
2.5151
2.5135
2.5138
2.5323
2.5530
2.5638
2.5562
2.5426
2.5426
2.5377
2.5167
2.5230
2.5137
321
328
546
306
354
250
262
373
47
50
203
-55
-80
140
-260
-271
-200
411
211
-115
-153
-239
-279
-163
289
186
174
33
7
62
197
303
185
-321
-57
-226
-130
-159
-184
-171
240
246
341
360
433
344
416
371
146
14
232
200
2.5189
2.5275
2.5192
2.5138
2.4994
2.4916
2.4897
2.4922
2.4559
Section VIII - Swiss Franc Positions
Table FCP-VIH-3. - Consolidated Monthly Bank Positions W
End
of
month
Maturity
Assets 19/
(1)
1977-Jan.,
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot............
3 days-1 month..........
Over 1 month-3 months....
Over 3 months-6 months...
Over 6 months-1 year.....
Over 1 year............
(7) Total of all maturities....
(8) Capital assets, liabilities
(9) Summary ((7) + (8))......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
Demand/spot............ .
3 days-1 month..........
Over 1 month-3 months....
Over 3 mOnths-6 months... .
Over 6 months-1 year... .
Over 1 year............ .
Total of all maturities...
.
Capital assets, liabilities,
(9) Summary ((7) + (8))......
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Demand/spot............ .
3 days-1 month... ...... .
Over 1 month-3 months.... .
Over 3 months-6 months... .
Over 6 months-1 year..... .
Over 1 year.............
Total of all maturities...
(8) Capital assets, liabilities,
(9) Summary ((7) + (8))......
May.,
(1) Demand/snot.............
(2) 3 days-1 month..........
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year.............
(7) Total of all maturities...
(g) Capital assets, liabilities.
(9) Summary ((7) + (8)).......
(1) Demand/spot.............
(2) 3 days-1 month..........
(3) Over 1 month-3 months.....
(4) Over 3 months-6 months....
(5) Over 6 months-1 year......
(6) Over 1 year.............
(7) Total of all maturities...
2,886
(2)
1,411
3,516
3,838
4,505
1,800
1,320
(5)
(6)
(4)
2,483
-216
25,732
467
13,253
2,267
1,433
4,185
3,637
2,198
1,295
674
13,422
480
13,902
-171
-873
544
2,335
452
12,786
16,569
Net
4,124
5,975
7,344
5,666
3,271
1,228
15,269
251
15,520
247
Foreipi exchange contracts 20/
Sold
4,572
5,321
6,334
5,255
3,162
1,088
4,012
16,322
(3)
Bought
-408
-550
590
1,780
498
573
1,163
3,436
4,602
4,043
1,764
1,219
1,262
3,312
4,181
4,533
1,747
1.287
Net
2,263
1,266
646
1,221
4,063
3,493
2,534
1,345
781
-411
-109
-140
-1,876
607
-216
25,732
27,608
-1,876
391
2,900
4,625
5,169
5,999
5,113
3,142
1,080
25,128
4,397
5,826
7,172
5,512
3,308
1,274
27,4
228
-657
-1,173
-399
-166
-194
-2,361
57
-1,530
-629
1,936
286
419
539
-233
2,667
25,128
27,489
-2,361
-233
306
4,977
5,156
7,675
5,517
3,617
1,339
28,281
4,729
6,235
8,714
6,282
3,816
1,648
248
-1,079
-1,039
-765
-199
-309
31,424
-3,143
31,424
-3,143
VO
1,369
389
433
27,608
sr
-420
...SL.
190
-547
345
1,971
455
539
13,437
476
2,953
-278
16,588
13,913
2,675
28,281
l,455r
2,670
4,433
4,361
1,804
1,375
~I5,09~r
8
224r
16,322r
1,448
3,410
3,562
2,814
1,215
804
“13:253.
510
13,763
7r
-740
871
1,547
589
571
4,189
6,128r
30,357r
9,942r
3,440r
1,251
3,888
3,344
3,147
961
825
40
-1,204
1,010
16,390
198
1,276
3,381
4,537
3,873
1,530
1,389
15,986
448
-654
Net
overall
position 21/
(7)
-
-278
~5$,~268f-
4,440
7,026r
31,075r
10,027r
3,864r
1,481
~57,873r
55.268r
57,873r
3,274
5,544
6,677
6,195
3,009
1,212
-211
-898r
-718r
-85r
-424r
-269
-468
-204r
-l,638r
153r
l,462r
I65r
302
“ 2(r
45
~-278r~
■
”=278r
25
-507
1,193
726
569
564
2,570
438
-1,626
-694
1,206
256
230
-190
- M 9 .K
265
-677
6,221
26,197
8,105
6,241'
3,554
1,543
28,673
-46
-353
-237
-2,476
3,201
1,306
-
1,428
290
-1,184
-235
680
216
327
260
13,416
521
16,246
13,937
2,309
26,197
28,673
-2,476
-167
1,213
3,185
4,226
4,003
1,427
-210
57
720
1,257
480
657
5,004
5,690
7,464
5,896
3,058
1,332
4,810
6,904
8,193
6,118
3,429
1,566
194
-1,214
-729
1,480
1,423
3,128
3,506
2,746
947
823
(7) Total of all maturities....
15,534
12,573
2,961
28,444
31,020
-371
-234
-2,576
-16
-1,157
-9
1,035
109
423
385
(8) Capital assets, liabilities..
263
15,797
517
13,090
-254
2,707
28,444
31,020
-2,576
-254
131
(8) Capital assets, liabilities.
(9) Simmary ((7) + (8))......
June.
755
Balance sheet items
Liabilities
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot............. .
3 days-1 month...........
Over 1 month-3 months.....
Over 3 months-6 months.....
Over 6 months-1 year.........
Over 1 year..............
(9) Summary ((7) + (8)).......
-261
-222
94
-261
VO
Treasury Bulletin
140
____ FOREIGN CURRENCY POSITIONS_______
Section IX - Sterling Positions
1/
Table FCP-IX-1. - Nonbanking Finns’ Positions
(In millions of pounds)
Forward exchange 8/
Short-term trade
Position
at end
of month.
Jan.
Feb.
1977
1977
Mar.
Mar.
Mar.
1977
1977
1977
Apr.
May
June
June
June
1977
1977
1977
1977
1977
Liquid
assets 2/
Short
term
debt y
(1)
79
97r
(2)
1U2
58
931
61r
992r
^3r
Pay
ables 2/
Receiv
ables i j
Other
assets 6/
(5)
--- 517"
505
Other
liabil
ities 2/
(6)
30§
303
(7)
1,081
l,056r
216
1,197
3,747
210r
1,936
59
75
1,918
93
2,011
1,013
(4)
2&L
212
1,870
66
57
947
66
(3)
27^~
215
3,957r
2,871
223
3,094
211
198
2,886
207
5,431r
310
5,74lr
3,924r
304
4,228r
304
303
5,429
296
324
326
1,413
1,243
1,206
4,055
328
3,093
5.725
4,383
'
TSU^T
201
3,859
212
4,071
—
Date
Assets Liabilities
(2)
1/05/77
1/12/77
1/19/77
1/26/77
(1)
87
81
85
80
2/02/77
2/09/77
2/16/77
2/23/77
81
81
73
87
17
7
11
12
11
11
19
16
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4A3/77
4/20/77
73
81
69
70
67
51
49
45
47
48
46
50
52
58
61
61
63
68
20
5
23
13
11
9
14
27
6
7
18
21
23
15
41
16
24
19
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
Footnotes at end of Table FCP-X-3,
Net
(3)
70
74
74
68
70
70
54
71
(4)
-140
-75
-155
-89
-112
-165
-260
-164
53
76
46
57
56
42
35
18
41
41
28
29
29
43
20
45
39
49
-153
-165
-171
-182
-107
-66
-109
-42
-123
-165
-157
-125
-121
-121
-122
-134
-72
-78
(9)
109r
167r
1,385
33r
l,418r
....
-133
208
1,227
306
1,308
1,278
-135
1,435
1,614
1,143
World
wide
net
(5)
-70
-1
-81
-21
-42
-95
-206
-93
-100
-89
-125
-125
-51
-24
-74
-24
-82
-124
-129
-96
-92
-78
-102
-89
-33
-29
Banks in U.S.
Bought
(6)
5,988
6,045
5,896
6,394
6,275
6,505
7,195
6,777
7,027
6,948
7,008
7,102
7,461
7,462
7,213
7,410
7,583
7,489
7,#43r
7,361r
8,068r
8,207
8,376
8,330
8,577
8,667
Sold
Net
(7)
6,072
6,106
5,922
6,430
(8)
6,323
6,580
7,312
6,904
7,108
7,026
7,075
7,194
7,497
7,509
7,266
7,451
7,650
-48
-75
-117
-127
-81
-78
-67
-92
-36
-47
-53
7,541
7,627r
7,437r
8,156r
8,277
8,444
8,421
8,676
8.733
-84
-61
-26
-36
-a
-67
-52
-84
-76
-88
-70
-68
-91
-99
-66
Positions
held by
offices in:
(10)
1.7151
1.7145
1.7201
1.7201
1.7201
United States
United States
Abroad
United States
1.7193
0.5816
United States
United States
1.7200
1.7200
1.7200
jfra
Bbod
United States
Worldwide
Worldwide
11 /
(In millions of pounds)
Exchange contracts 13/
Assets and liabilities 12/
Foreign
branch
net
(8)
l,16lr
l,133r
275
l,152r
l,427r
i;i$3r
1,301
Table FCP-IX-2. - Weekly Bank Positions
Banks in U.S.
Net
Ex
position 2/ change
rate 10/
Sold
Bought
Net position
Foreign
branch
net
World
wide
net
(9)
188
140
226
154
159
150
251
200
(10)
164
179
192
155
109
84
158
112
164
184
170
137
135
161
156
209
152
175
United
Foreign
States 1£/ branch
World
Exchange
wide 1£/ rate 17/
w
104
79
200
118
(11)
-14
13
48
32
(12)
48
65
71
65
(13)
34
78
119
97
111
75
134
73
22
-"
5
-63
-56
69
-20
-72
-20
83
101
125
63
73
37
105
71
97
132
86
61
47
91
88
118
53
109
-28
-2
-21
-35
20
-5
-18
-23
-26
-11
-56
-47
-59
-27
-48
-46
-60
-17
47
-15
-9
36
11
14
21
-27
2
18
49
70
41
19
13
12
14
40
34
75
80
97
-17
12
_
-62
22
13
31
47
15
8
-43
-35
-45
13
-14
29
20
80
(14)
.
.
1.7113
1.7192
1.7192
1.7191
1.7151
1.7172
1,7076
1.7085
1.7184
1.7184
1.7197
1.7188
1.7202
1.7189
1.7197
1.7198
1.7199
1.7199
1.7196
1.7185
1.7196
1.7195
1.7187
1,7198
1.7199
1.7210
Section IX - Sterling Positions
Table FCP-IX-3. - Consolidated Monthly Bank Positions W
%
Worldwide
End
Balance sheet items
Liabilities
Maturity
Assets 19/
month
Net
(3)
(6)
Net
overall
position 21/
(7)
16
81
53
73
-20
-86
197
-586
-116
27
30
477
117
29
117
14
43
1,847
4,061
5,698
4,351
2,168
341
18,466
72
45
88
45
-90
-98
219
-524
-113
89
-100
405
62
-
-
-
18,528
18,466
62
-24
-14
-38
2,233
3,652
4,392
4,550
2,219
299
17,885
2,173
3,514
4,918
4,531
2,325
366
Bought
(4)
Foreign exchange contracts 20/
Sold
(5)
Net
(1)
(7) Total of all maturities..............
(2)
1,460
1,231
1,072
535
417
759
1,279
1,898
1,2a
581
367
196
5,562
181
-667
-169
126
5,688
14
-74
16,469
16,469
1,272
1,874
1,321
555
383
203
5,608
147
-569
-201
44
-10
503
-86
167
5,775
-14
-100
1,465
1,982
1,119
570
412
217
148
-782
82
8
20
526
5,765
190
2
-16
5,941
1977-Jan..... (1) Demand/spot................. .
5,955
-14
l,555r
1,215
1,177
576
525
772
108r
-689
-5
-36
97
507
1,466
3,626r
4,845r
4,449r
2,l83r
315
1,451
3,540r
4,775r
4,477r
2,205r
408
15
86r
70r
-28
-22r
-93
-I8r
I6,884r
16,856r
28r
5,474
140
5,614
Feb.....
(3)
(4)
(5)
(6)
Over
Over
Over
Over
1
3
6
1
month-3 months........... .....
mOnths-6 months...... ..... .
months-1 year................
year.................... .
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8)).................
Ml»
f r .... (1)
(2)
(3)
(4)
(5)
(6)
Demand/spot.... .............. .
3 days-1 month............... ......
Over 1 month-3 months.................
Over 3 months-6 months.......... .
Over 6 months-1 year.... .
Over 1 year.......................
(7) Total of all maturities..............
(8) Capital assets, liabilities...........
1,419
1,305
1,120
599
373
706
5,522
153
5,675
1,613
1,200
1,201
578
432
743
5,767
V
1-
-46
50
563
—88
5,820r
(8 Capital assets, liabilities..........
)
-I8r
6,009r
6,045
—< o
?r
Cl)
(2)
(3)
(4)
(5)
(6)
Demand/spot.......................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 mcaaths-6....................
Over 6 months-1 year................
Over 1 year..................
1,578
1 251
1 094
*826
557
792
1,547
i yXU
X,Qin
1 ;ClO
J 01 £
L s
(7) Total of all maturities..............
i a i a L assets, liabilities..♦.........
/pxj
6,098
212
6,236
226
(9) Summary ((7) + (8)).................
June...
207
\oj
May....
189r
(
9) Summary ((7) + (8)).................
Aor
1,447
1,904
1,182
612
428
265
5,838
6,310
6,462
(l) Demand/spot........................
(2)3 days-1 month........... .......... .
(3) Over 1 month-3 months......... .......
(4) Over 3 months-6 months...............
(5) Over 6 months-1 year.............. .
(6) Over 1 year........................
1,615
1,634
1,347
1,094
426
232
-173
-172
154
612
(7) Total of all maturities..............
1,485
1,214
1,174
922
580
844
6,219
6,348
-129
(8) Capital assets, liabilities...........
(9) Summary ((7) + (8))..................
236
6,455
246
-10
()
l
(2)
()
3
(4
)
(5)
Demand/spot.... ...................
3 days-1 month........ .............
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
000
406
269
6,594
1,660
3,596
5,209
3,793
1,740
354
16,352
16,352
1,919
4,106
5,786
4,396
2,078
243
18,528
1.676
3.677
5,262
3,866
1,720
268
-
-
60
138
14
19
-106
-67
58
-
17,885
17,827
58
-
17,827
-
V
O
XI
XI
208
—
644
96
27
-86
459
60
-16
44
123r
-603r
65r
-64
75r
414*
lOr
-
-I8r
o o,
c*
<Sr
d
-8r
16,884r
16,856r
31
-659
-122
-62
151
523
1,850
3,472
5,851
4,907
2,237
374
1,755
3,340
5,743
4,887
2,320
492
-138
18,691
18 691
18,537
_
18,537
154
2
1,611
4,338
5,771
5,294
2,209
355
1,521
4,236
5,695
5,130
2,311
506
90
102
76
I64
-102
-151
-4u
-318
-97
-8
52
461
19,578
_
19,399
_
179
_
50
-10
19,578
IQ
J.7 *300
11 7
J. 70
J
4U
-14
-152
-130
-420
-
95
132
108
20
-83
-118
154
126
-527
-14
-42
68
405
-------- 16_____ k
—
-LI
4^
Treasury Bulletin
142
--------------
FOREIGN CURRENCY PngmnM g
Section X - United States Dollar Positions Abroad
Table FCP-X-1. - Nonbanking Finns’ Foreign Subsidiaries’ Positions
(In millions of United States dollars)
Position
at end
of month
Liquid
assets 2/
Short
term
debt y
1977_ Mar.....
(1)
5,216
5,896
4,488
4,106
June... .
(2)
Short-term trade
Receiv
ables y
(3)
Pay
ables 2/
(4)
16,839
14,706
10,341
9,208
Other
assets 6/
Other
liabili
ties 7/
Forward exchange 8/
Net
Position 2 /
Bought
Sold
(5)
18,874
(6)
28,637
(7)
2,052.
(8)
984
(9)
-14,465
to
23,042
1,857
909
-6,442
Table FCP-X-2. - Weekly Bank Foreign Office Positions
(In millions of United States dollars) 11/
Date
Net
assets and
liabilities 12/
(1)
Net
position
(2)
(3)
-102
-110
19
257
262
-88
-29
86
-3,185
-3,442
-3,054
-3,048
-3,550
-3,468
-3,489
-3,523
-3,586
-3,567
-3,256
-3,544
-3,303
3,979
3,465
3,485
3,703
4,035
3,825
3,669
3,589
3,377
3,569
3,286
3,379
3,962
3,647
3,517
3,664
3,405
3,394
3,553
3,559
3,360
-3,599
-3,461
-3,330
-3,030
-3,288
3,509
3,388
3,487
3,159
3,240
179
28
141
-181
-173
297
15
57
-90
-73
157
129
1/05/77
1/12/77
1/19/77
1/26/77
2/02/77
2/09/77
2/16/77
2/23/77
-4,081
-3,575
-3,466
-3,446
3/02/77
3/09/77
3/16/77
3/23/77
3/30/77
4/06/77
4/13/77
4/20/77
4/27/77
5/04/77
5/11/77
5/18/77
5/25/77
6/01/77
6/08/77
6/15/77
6/22/77
6/29/77
Footnotes at end of Table FCP-X-3.
Net
exchange
contracts 13/
-3,773
-3,913
-3,698
-3,503
192
127
232
331
412
—
48
Section X - United States Dollar Positions Abroad
Table FCP-X-3. - Monthly Bank Foreign Office Positions
1/
8
Worldwide
End
of
month
Maturity
Assets 19/
Balance sheet items
Liabilities
Net
(6)
-10,986
-8,302
4,408
8,187
54,459
"282
415
1,184
915
758
308
3,298
54,459
51,161
3,298
-166
-11,926
-7,208
3,359
7,181
1,350
3,912
8,335
14,229
15,364
11,995
6,864
---- T 266---776
1,166
8,541
13,453
14,153
11,228
6,118
837
137,542
-3,332
57,953
54,330
3,623
291
406
-125
_
-
-
-125
137,948
-3,457
57,953
54,330
3,623
166
32,547
40,450
37,783
21,658
8,047
5,790
146,275
-13,781
-8,207
4,674
7,945
1,568
3,994
-3,807
10,891
13,154
14,667
13,402
7,036
1,510
60,660
10,898
11,896
13,856
12,554
6,379
1,084
56,667
-7
1,258
811
-13,788
-6,949
5,485
8,793
2,225
4,420
186
132,159
224
132,383r
390
135,845
-166
-3,462
17,957
28,620
40,741
28,914
9,112
8,866
29,883
35,828
37,382
21,733
7,762
4,954
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
134,210
281
(9) Summary ((7) + (8)).................
134,491
18,766
32,243
42,457
29,603
9,615
9,784
Over 1 month-3 months.............. .
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities..............
( ) Capital assets, liabilities..........
8
(9) Summary ((7) + ( )).................
8
Feh......
()
2
(3)
()
4
(5)
()
6
Mar
(1)
()
2
(3)
(4)
(5)
(6)
(7)
3 days-1 month............... .....
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.............. ...... .
Demand/spot.......................
3 days-1 month.....................
Over 1 month-3 months..... ..........
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities..............
28,838
9,391
9,118
142.468
263
1
j
(4)
7,835
12,646
15,774
10,664
6,308
1,232
1,211
767
746
329
848
657
426
3,993
2,300
4,395
2
-164
-12,132
-6,432
4,570
7,948
2,096
4,241
(8) Capital assets, liabilities..........
(9) Summary ((7) + (8)).................
-
-
-
-3,975
60,660
56,667
3,993
()
l
[)
2
[)
3
()
4
()
5
()
6
[)
7
20,351
29,815
41,334
30,034
8,907
9,310
139,751
31,827
38,182
39,157
20,842
7,602
5,402
143,012
-11,476
-8,367
2,177
9,192
1,305
3,908
-3,261
8,041
12,664
15,029
12,813
6,917
1,224
56,688
7,698
11,978
13,809
12,481
6,520
871
53,357
343
686
1,220
332
397
353
3,331
-11,133
-7,681
3,397
9,524
1,702
4,261
310
140,061
792
143,804
-482
-3,743
_
-
56,688
53,357
3,331
-482
-412
Demand/spot........................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
18,565
31,182
43,490
31,235
8,815
9,337
29,667
40,813
41,014
21,928
7,477
5,172
142,624
146,071
-11,102
-9,631
2,476
9,307
1,338
4,165
-3,447
7,757
13,320
16,960
13,635
7,088
1,474
60,234
7,678
12,317
15,700
13,339
6,839
1,113
56,986
79
1,003
1,260
296
249
361
3,248
-11,023
-8,628
3,736
9,603
1,587
4,526
(7) Total of all maturities..............
(8) Capital assets, liabilities..........
Aor.......
431
146,706
-168
142,731
268
142,892
453
146,524
-185
-3,632
60,234
56,986
3,248
-384
Demand/spot.......................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
16,805
33,345
47,667
33,384
8,666
9,855
28,986
43,506
42,990
24,511
7,368
5,617
-12,181
-10,161
4,677
8,873
1,298
4,238
9,255
16,752
17,312
13,678
6,916
1,436
8,962
15,684
16,396
13,453
6,626
975
293
1,068
916
225
290
461
-11,888
-9,093
5,593
9,098
1,588
4,699
(7) Total of all maturities..............
149,722
152,978
-3,256
65,349
62,096
3,253
(8) Capital assets, liabilities..........
279
150,001
488
-209
-3,465
62,096
-
153,466
65,349
-3
-209
-212
Demand ^spot.......................
3 days-1 month.....................
Over 1 month-3 months...............
Over 3 months-6 months..............
Over 6 months-1 year................
Over 1 year.......................
Total of all maturities..............
[ ) Capital assets, liabilities..........
8
May......
(1)
(2)
(3)
(4)
(5)
June...... (1)
(2)
(3)
(4)
(5)
(6)
[9) Summary ((7) + (8)).................
3,253
-168
18
70
-199
-185
^FO EIG CURRENCY POSITIONS,
R N
(3)
-10,704
-8,717
3,224
7,272
1,542
4,087
-3,296
3 days-1 month.....................
Net
overall
position 21/
(
7)
(5)
()
2
26,698
37,574
36,737
21,566
7,849
5,031
135,455
()
2
(3)
(4)
(5)
()
6
(7)
Net
8,117
12,231
14,590
9,749
5,550
924
51,161
(1 )
15,994
28,857
39,961
L^vV-Jan......
Foreign exchange contracts 20/
f
Sold
1
Bought
Treasury Bulletin
144
.FOREIGN CURRENCY POSITIONa
SECTION I
1/
Worldwide net positions on the last business day of the
6/
All current assets other than liquid assets and short
calendar quarter of nonbanking business concerns in the
United States and their foreign branches and majorityowned partnerships and subsidiaries.
Excludes
receivables and installment paper which have been sold
or discounted before maturity, U.S. parent companies'
term trade receivables, and financial assets maturing in
more than one year from the report date.
Includes
intracompany accounts, inventories, prepayments, long
term trade receivables, long-term intracompany claims,
investment in their majority-owned foreign subsidiaries,
fixed assets (plant and equipment) and capitalized
leases for plant and equipment.
(plant and equipment) and parents1 investment in
majority-owned foreign subsidiaries are excluded.
and stocks, bonds, and other securities.
7/
2/
Weekly worldwide net positions of banks and banking
institutions in the United States, and their foreign
branches and majority-owned foreign subsidiaries.
Excludes capital assets and liabilities.
4/
Monthly worldwide net positions including capital assets
and liabilities on the last business day of the month of
banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
8/
6/
Outstanding amounts of foreign exchange which have been
contracted to be received or delivered in the future.
Excludes spot exchange.
Foreign branches and majority-owned subsidiaries only.
5/
All financial liabilities other than short-term debt and
short-term trade payables; includes long-term trade pay
ables; intracompany liabilities, accrued expenses, and
liabilities maturing in more than one year from the
report date. Capitalized plant and equipment leases are
excluded.
Foreign branches and majority-owned partnerships and
subsidiaries only.
3/
Fixed assets
9/
Columns (1),(3),(5), and (7) less columns (2),(4),(6),
and (8).
10/ Representative rates on the report date.
Canadian
dollar and United Kingdom pound rates are expressed in
U.S. dollars per unit of foreign currency, all others in
foreign units per U.S. dollar.
Foreign branches and majority-owned subsidiaries only.
SECTIONS II THROUGH X
11/ Banks and banking institutions in the United States and
their foreign branches and majority-owned subsidiaries.
1/
In section X, foreign braiiches and majority-owned sub
sidiaries only.
Positions of nonbanking business concerns in the United
States and their foreign branches and majority-owned
partnerships and subsidiaries. In section X, positions
of foreign branches and majority-owned partnerships and
subsidiaries only.
2/
12/ Excludes capital assets and liabilities.
Includes unsettled spot foreign exchange purchase con
14/ Sum of columns (3) and ( ).
8
tracts, as well as currency, demand and time
deposits, negotiable and other readily transferable
financial instruments maturing in one year or less from
the report date, and intracompany claims and loans to
other parties repayable on demand.
Other loans,
13/ Includes both spot and forward exchange contracts.
15/ Sum of columns (4) and (9).
16/ Sum of columns (5) and (10).
17/ See footnote 10.
accounts receivable, and unaccepted trade drafts are
excluded.
4/
5/
Includes unsettled spot foreign exchange sales
contracts, intracompany l a i i i s other than short-term
iblte,
trade payables, short-term borrowings due in one year or
19/ Fixed-rate loans are reported by time remaining to final
maturity or the nearest call date, whichever is earlier,
and floating-rate loans by time remaining to the nearest
interest-fixing date.
less from the report date, and the current portion of
long-term debt.
Other loans, accrued expenses and
accounts payable are excluded.
2/
18/ See footnote 11.
20/ Option forward exchange contracts are reported by time
remaining to the nearest option exercise date.
Due in one year or less; includes intracompany trade
receivables. Receivables and installment paper sold or
discounted before maturity are excluded.
Due in one year or less; includes intracompany trade
payables.
21/ Sum of columns (3) and (6).
r
Revised.
145
December 1977
.FOREIGN CURRENCIES ACQUIRED BY THE U. S. GOVERNMENT WITHOUT PAYMENT OF DOLLARS.
Foreign currencies reported herein inT . i dollar equiv
If.
lations provided for the transfer of department and
agency
alents were acquired without direct payment of dollars, for
foreign currency balances as of November 30, 1953, into Treas
the most part in connection with foreign assistance and agri
ury custody, and the flow of future collections throughJTreas-
cultural trade development programs authorized
by various
roy accounts;
and established requirements with respect to
These currencies are generally referred
withdrawals from Treasury accounts; limitations on purchases
to as "nonpurchased" foreign currencies to distinguish them
and amounts of holdings; the use of foreign depositaries; and
provisions of law.
from currencies purchased with dollars from banks or other
accounting
commercial sources.
as revised October 20, 1961, added certain requirements gov
The currencies are held in the custody
of The Department of the Treasury until such time
as they
for the currencies.
Treasury Circular No. 930
erning foreign currency reporting and accounting.
are either sold for dollars to Government agencies or trans
Figures are stated in dollar equivalents, computed for
ferred to Government agencies for expenditure without charge
reporting purposes, to provide a common denominator for the
currencies of the many foreign countries involved. It should
to appropriations, as specifically authorized by law.
Prior to July 1, 1953, foreign currencies acquired by
Government agencies without direct payment of dollars gener
ally were available to
the collecting agencies to defray
operating expenses and were not subject to the regular appro
not be assumed that dollars, in amounts equal to the balances,
are actually available for the general use of the U.f. Gov
ernment, since most of the currencies are inconvertible and
restricted as to uses by the terms of agreements between the
United States and the foreign governments.
The tables exclude the counterpart funds owned by and
priation processes.
The act of July 15, 1952, Sec. 1415 (66 Stat. 662),
pro
held in accounts of the foreign governments.
The use of such
vided that after June 30, 1953, 0 5 . agencies could no longer
.5
funds is subject to approval of the United States, and trans
expend foreign currencies belonging to the U.S.
actions
Government
therein are included in reports of the Agency for
except as provided annually in appropriation acts. Subsequent
International Development.
legislation required executive departments and agencies, with
purchases of
certain exceptions, to reimburse the Treasury in dollars for
countability Sand reported as dollar transactions.
Derailed data, by accou
agency, program, foreirn
the foreign currencies used. Executive Orders No. IO488 dated
The tables also exclude the U.S.
foreign currencies which are under dollar ac
September 23, 1953, and No. 10900 dated January 5, 1961, as
country, units
amended, provided for the issuance of regulations by the Sec
were published annually in the Combined Statement of Receipts,
of currency, and related dollar equivalents,
retary of the Treasury governing the purchase, custody, de
Expenditures
posit, transfer, and sale of foreign exchange by all Execu
Beginning with fiscal 1970, only summary data by country and
tive Departments and agencies of the U.S. Government.
account
Accordingly, Treasury
Circular No. 930 was
October 19, 1953, effective December 1, 1953.
issued on
These regu
and Balances,
are shown in
from fiscal 1958 through 1969.
the Combined Statement; however, de
tailed data is published semiannually in the report, Foreign
Currencies Held by the U S. Government.
146
Treasury Bulletin
■FOREIGN CURRENCIES ACQUIRED BY THE U.S. GOVERNMENT WITHOUT PAYMENT OF DOLLARS Table FC-1. - Summary of Foreign Currency Transactions
(Fiscal years; in millions of dollar equivalents)
1969
1970
1971
Cash balances brought forward:
Excess currencies 1/..............
Near- and non-excess currencies.....
2,099.0
201.6
1,993.5
141.8
2,069.2
119.7
Total cash balances.............
2,300.6
2,135.3
326.2
6.6
1972
T.Q.
1973
1974
1975
1976
1,791.9
69.6
1,732.4
87.0
1,861.5
1,808.2
71.3
1,879.5
1,772.0
86.5
2,188.9
1,991.9
84.9
2,076.8
1,858.5
1,819.4
352.2
17.0
225.9
8.0
168.6
25.6
11.1
193.4
.4
333.0
-*
10.3
24.0
68.4
5.1
24.4
40.4
111.5
38.9
9.1
24.8
30.4
89.0
1.3
10.3
24.7
33.0
78.2
.2
8.0
16.4
30.8
73.8
6.4
26.5
40.3
45.6
17.1
17.7
41.6
35.4
2.5
10.2
56.2
31.4
1.0
11.1
46.5
11.6
142.8
158.3
883.7
151.5
154.2
152.8
144.6
165.7
135.2
867.1
678.8
94.0
90.0
278.2
3,002.4
2,867.7
2,505.7
1,973.1 4/
387.4
2.805.7
4,685.2
161.8
98.4
370.8
3,134.3
624.3
2,701.1
182.9
138.0
644.2
2,229.3
2,097.6
74.6
1,698.2
488.0
281.8
339.3
193.0
313.4
2,361.1 5/
34.9
39.8
1.7
23.9
47.3
99.6
17.9
22.3
101.7
29.3
27.4
89.1
40.0
29.3
68.0
15.4
20.1
39.7
1.8
21.6
35.7
*
6.3
27.2
21.6
17.3
1.0
4.5
6.6
13.6
104.7
187.6
68.4
3.2
121.9
230.4
38.9
6.2
127.5
214.8
1.3
5.8
118.1
203.3
.2
4.3
122.2
220.1
142.0
171.4
169.0
122.9
180.1
114.4
39.8
37.1
165.3
201.3
Total expenditures..............
17.1
1,039.8
-17.5
803.6
8.4
842.9
25.9
682.1
Adjustments due to changes in exchange
rates...........................
Cash balances carried forward........
-9.2
2,135.3
-9.9
2,188.9
52.0
2,076.8
-157.5
1,861.5
65.7
1,879.5
Collections:
Public Law 480 sales 2/............
Currency use payments.............
Foreign assistance programs:
Special letter of credit.........
Other.........................
Interest on depositary balances.....
Other non-loan collections 2 / .......
Advances from foreign governments...
Loan repayments (principal & interest):
Public Law 480 loans............
Foreign assistance loans.........
Total collections...............
Total availabilities............
Expenditures:
Foreign currency expenditure
authorizations:
Public Law 480 loans and grants...
Public Law 480 loans to private
enterprises...................
Other non-trust.................
Trust.........................
With dollar credits to:
Miscellaneous receipts...........
Commodity Credit Corporation......
Special letter of credit..........
Other.........................
Deposits for replacement of
borrowed (unfunded) currencies...
-
-
-
-
1,551.0
72.6
1,623.6
-
1,619.4
-
_
50.1
-
_
-
.2
10.9
44.5
23.7
3.8
18.0
3.6
24.2
17.8
-
-
1,550.3
69.1
7.2
-
-
1977
1
124.7
77.0
331.0
1,950.4
j
13.2
-
_
-
12.2
22.0
16.3
11.3
-54.6
-1.5
.8
390.2
*
2,744.3
-1.4
380.9
-
691.9
'
95.4
417.4
-82.4
1,858.5
-29.0
-83.7
1,623.6
16.6
-36.7
1,819.4
1,619.4
1,496.3
15.6
17.4
Footnotes at end of Table FC-4.
Table FC-2. - Foreign Currency Transactions, Country Uses
(Fiscal years; in millions of dollar equivalents)
1970
1969
Cash balances brought forward:
Excess currencies 1/..............
Near- and non-excess currencies.....
Total cash balances.............
Collections:
Public Law 480 sales 2/............
Currency use payments.............
Foreign assistance programs........
Total collections...............
Transfer to U.S. use................
Transfer from U.S. use..............
Total availabilities............
Expenditures:
Public Law 480 loans and grants.....
Public Law 480 loans to private
enterprises.....................
Other foreign assistance programs...
Total expenditures..............
Adjustments due to changes in exchange
rates............................
Cash balances carried forward........
Footnotes at end of Table FC-4.
1971
1972
1973
414.4
84.8
499.2
403.7
70.9
474.6
273.8
74.5
189.0
77.1
266.1
130.0
10.3
140.3
58.2
9.6
67.8
68.8
4.4
73.2
27.0
3.6
30.6
32.9
259.6
278.3
171.2
_*
-
-
_
-
-
-
-
7.4
285.7
-12.8
12.4
784.5
8.8
180.0
-
-
1.0
5.2
122.1
3.2
-
-
-
-
-
-87.3
88.9
656.2
131.2
.2
6.5
137.9
-46.7
59.1
498.6
-.4
4.2
-26.7
52.3
313.4
2,361.1 2/
15.6
4.0
333.0
1.8
3.6
2,366.5
557.3
140.0
697.3
260.6
-102.3
164.3
1,019.9
348.3
488.0
281.8
339.3
193.0
23.9
8.6
17.9
9.1
308.8
29.3
9.6
378.2
40.0
7.6
240.6
520.5
130.5
-18.5
94.3
472.4
1976
1975
1974
293.6
4.0
297.6
-52.8
2,043.8 6A
2,428.9
1
_*
•
-
T.Q.
|
1977
26.2r
6.7r
110.5
-12.2
14.0
75.0
34.4
58.5
34.9
39.8
1.7
13.2
*
1.4
1.6
*
“
*
36.3
41.4
1.7
13.2
-4.2
46.9
-.2
-1.1
70.3
8.1
.9
5.4
-1.0
-3.0
.2
-1.2
499.2
474.6
348.3
266.1
140.3
67.8
73.2
30.6
32.9
44.1
W
December 1977
FOREIGN CURRENCIES ACQUIRED BY THE U.S. GOVERNMENT WITHOUT PAYMENT OF
n n r .i.A B S .
Table FC-3. - Foreign Currency Transactions, U.S. Uses
(Fiscal years; in millions of dollar equivalents)
1969
1970
Collections:
Public Law 480 sales 2/............
1,536.0
19.9
1,555.9
1,573.4
.5
1,573.9
1977
1972
1973
1974
1975
1976
1,660.2
5.3
1,665.5
1,709.9
-18.6
1,597.9
-19.7
1,578.2
1,672.6
44.7
1,711.7
59.6
1,513.7
1,717.3
1,771.3
1,662.1
62.7
1,724.8
-*
Cash balances brought forward:
Near- and non-excess currencies.....
T.Q.
1971
1,691.3
64.8
1,578.5
l,522.6r
49*9r
1,572.5
66.5
6.6
73.9
17.0
54.7
8.0
37.4
25.4
5.9
71.3
.4
39.4
10.3
24.0
7.2
50.1
68.4
38.9
1.7
24.8
30.4
1.3
1.5
24.7
33.0
.2
1.5
16.4
30.8
3.2
26.5
40.3
13.1
17.7
41.6
2.5
10.2
56.2
1.0
11.1
46.5
.2
3.8
18.0
.2
10.9
44.5
142.3
158.3
510.4
151.5
154.2
152.8
144.6
165.7
135.2
492.4
420.6
412.6
182.9
138.0
468.1
24.2
17.8
71.2
-12.4
12.8
-59.1
46.7
-94.3
18.5
2,004.3
2,066.7
-88.9
87.3
2,084.5
2,091.5
1,970.5
161.8
98.4
339.4
-46.9
4.2
2,068.0
93.9
90.1
266.6
-164.3
102.3
1,973.1 L t
387.4 |
1
2,472.7 1
|
-2,043.8 £/
52.8
-14.0
12.2
1,989.6
-4.2
.4
1,645.9
_
Foreign assistance programs:
Interest on depositary balances.....
Other non-loan collections 2 / .......
Loan repayments (principal & interest):
Public Law 480 loans............
Foreign assistance loans.........
Transfer from country use............
4.3
24.4
39.6
2,199.0
Expenditures:
Foreign currency expenditure
-
124.7
77.0
307.4
-52.3
26.7
1,854.3
13.9
13.2
17.8
21.7
16.1
18.0
4.9
20.0
1.0
6.6
130.1
187.6
121.9
230.4
38.9
6.2
127.5
122.2
220.1
15.4
142.0
171.4
12.2
169.0
122.9
22.0
180.1
114.4
16.3
39.8
37.1
1.3
5.8
118.1
203.3
.2
4.3
11.3
165.3,
201.3
17.4
8.4
375.6
25.9
373.5
-54.6
319.2
-1.5
-1.4
.8
342.1
317.4
331.6
.3
89.5
*
390.6
-139.8
1,578.2
66.0
-85.6
-25.8
-36.2
1,771.3
1,724.8
-79.5
1,578.5
16.1
1,717.3
1,572.5
1,427.5
With dollar credits to.
Commodity Credit Corporation......
Special letter of credit.........
68.4
2.6
214.8
-
Deposits for replacement of
17.1
-17.5
419.7
393.1
Adjustments due to changes in exchange
-10.7
Cash balances carried forward........
-8.1
-17.6
1,573.9
1,665.5
1,691.3
Footnotes at end of Table FC-4.
Table FC-4. - Foreign Currency Transactions, Trust Funds
(Fiscal years; in millions of dollar equivalents)
1969
1970
1971
1972
1973
1974
1975
1976
T.Q.
1977
Cash balances brought forward:
5.8
41.6
5.6
16.3
21.9
2.1
17.3
1.6
19.8
1.4
13.0
37.2
5.0
12.2
17.2
19.4
21.4
14.4
78.2
127.0
73.8
111.0
45.6
62.8
35.4
57.3
31.4
50.8
11.6
3.6
18.0
23.7
33.0
101.7
89.1
68.0
39.7
35.7
27.2
17.1
4.5
13.6
-.7
48.8
-.7
37.2
-25.8
17.2
-1.2
-2.2
-2.2
21.9
19.4
21.4
-1.4
14.4
.1
13.6
.7
24.4
5.7
56.5
62.2
5.3
43.5
48.8
8.2
29.0
89.0
151.2
99.5
Near- and non-excess currencies.....
-.4
62.2
47.4
Collections:
Advances from foreign governments...
114.7 2J
162.1
1.5
12.1
13.6
37.3
Expenditures:
Foreign currency expenditure
Adjustments due to changes in
exchange rates....................
Cash balances carried forward........
Source:
Bureau of Government Financial Operations.
Note:
Dollar equivalents were calculated at varying rates of exchange.
Receipts are valued at the previous end-of-the-quarter reporting
rates with the exception of currencies received under Public Law 4 8 ,
-0
as amended. Sections 103(c), 402, 502(a), and Section 6, Title II of
the Mutual Security Act of 1954, as amended, currencies are valued at
international agreement rates which are referred to as either import
or loan repayment rates. Currencies sold for dollars are valued at
the rate in effect on the date of sale. Balances are valued at
reporting rates. Transfers and expenditures are valued at the beginning of the quarter reporting rates.
1/ U.S. supplies of these currencies are expected to exceed U.S. requirements for at least the next two years.
2/ Agricultural Trade Development and Assistance Act of 1954, as amended
(7 U.S.C. 1704-5).
3 / Consists of recoveries of military assistance, proceeds from sales of
buildings abroad, repayments under lend-lease and surplus property
agreements, and other miscellaneous collections.
i j Includes $1,849.2 million prepayments by the Government of India of
P.L. 480 loans pursuant to the Indian Rupee Settlement agreement of
February 18, 1974.
* / Includes $2,035.4 million granted to the Government of India pursuant
>
to the Indian Rupee Settlement agreement of February 18, 1974.
6/ Includes $2,020.3 transferred in India from U.S. uses to country uses
pursuant to the Indian Rupee Settlement agreement of February 18, 1974.
2 / Includes $3.2 million of contributions from foreign governments.
* Less than $500,000.
r Revised.
148
^
Treasury Bulletin
_
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
-
Section II - Federal Credit Programs
Table GA-H-1. - Direct Sales and Repurchases of Loans
(In millions of dollars)
Housing and Urban Development Department
Export-Inrport
Bank of the
United States
Total
Fiscal year
or month
Sales
1969..........
1970..........
1971..........
1972..........
1973..........
1974..........
1975..........
1976..........
T.Q...........
1977..........
1,337
2,115
2,548
3,045
6,257
3,903
7,829
11,666
2,759
7,895
1976-0ct.......
Nov.......
Dec.......
1977-Jan.......
Feb.......
Mar.......
Apr.......
1,142
508
789
1,446
1
320
76
501
856
992
1,113
150
680
June......
Sept......
Oct.......
Farmers Home
Administration
Sales
Repur
chases
Sales
422
379
406
269
248
145
21
21
160
-
_
261
4
187
20
3
2
104
-
959
1,668
2,005
2,430
3,324
2,172
6,415
4,247
1,070
2,121
-
-
5,445
_
_
_
-
600
14
500
1,158
1
300
2
501
651
752
816
150
680
Repur
chases
428
842
305
781
330
1,141
1,559
1,281
93
75
16
488
38
44
436
28
44
54
70
734
161
_
_
-
Repur
chases
Government
National Mortgage
Association
Sales
Repur
chases
Office of Secretary
1/
Small Business
Administration
Sales
Repur
chases
Sales
Repur
chases
6
*
2
1
3
3
*
1
405
569
287
574
284
1,105
1,524
1,148
414
2,083
_
2,300
1,501
1,232
6,963
1,592
_
-
_
-
_
-
*
30
-
2,118
-
-
-
-
93
71
12
540
482
210
288
1
192
148
258
-
_
_
_
-
_
-
_
-
484
34
39
433
24
40
51
67
734
160
1/ Includes college housing, elderly housing, and public facility loans.
* Less than $500,000.
-
-
-
_
_
_
-
_
*
*
_
*
_
1
Veterans
Administration
Sales
*
38
244
368
Repur
chases
209
163
294
96
17
12
12
19
25
30
32
29
6
333
36
488
2
12
79
_
_
19
75
-
13
93
40
4
4
4
4
5
3
4
3
3
3
_
149
December 1977
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding September 30, 1977
(in thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
I-Wholly owned Government enterprises
United States dollar loans
Funds appropriated to the President:
Appalachian regional development programs:
Appalachian housing program........ ...........
Expansion of Defense Production:
Treasury Department....... ....... ..........
Foreign assistance:
International security assistance:
Emergency security assistance for Israel.......
Foreign military credit sales................
Liquidation of foreign military sales fund;
Long-term credits... ............ ........
Amount
outstanding
Maximum
Amount
authority 1/ outstanding
735
58
631,464
875,905
631,464
875,905
9,149
3,104,934
1/4#
0— 6
Programs in liquidation...................
Total agricultural credit insurance fund.....
Rural development insurance fund:
Water and waste disposal loans to associations.
Community facilities loans to associations...
Business and industrial development loans....
Guaranteed business and industrial devel. loans
Total rural development insurance fund.......
Footnotes at end of section.
118,040
760,982
596,416
1/2— 2#
783,179
1/2— 2-3/4#
3,526,107
710
7,651
18,951
7,177
1,736
318
18,951
296,038
2,824,933
37,813
1,095,577
30,607“
8,693
106,52^
1,382,450
66,913,
497,912
3,395
34,39tf|
164,944
164,944
1
Various
Do
5
724
6 330,662
,
2,419,568
285,360
9,055
431,531
3,145,514
Various
0— 40
3/
%
J/
0— 40
710/
7W
5
5
0— 40
0— 40
U/
0— 40
0— 40
0— 40
5
0— 40
5
0— 40
5.683 ST
5.683 ST
0— 30
5— 8
5— 8
5— 8
y
61,600
14,175>
7,177)2/' 61,600
l,736j
14,175
197,268
72,862
25,908
3— 12
6.125— 9.3
346,609U 1,382,450
66,913
497,912
710
3,395
34,398
7,651
318|
7— 12
Various
Do
Do
Do
144,839
3,846,189"
403,329* 2,824,933
4,990
37,815
190,144 I 1,095,577
30,607
1,176f
8,693
106,528
18,459j
1,001,2501^
197,268
72,862
25,908
8— 40
5— 40
5— 40
15— 30
2 1/2-45
596,416
50,000
156
-
25 ST
8— 40
3/4— 6
3/4— 6
3/4— 6
5— 9-1/4
1— 6
8,381,197
156
1,176
18,459
346,609
3— 10 ST
3/4-6
24,373
3,009,035
5,332,791
1,259,698
235,481
8,332
-
y
3— 6-1/8
3,431,734
3,009,035
5,332,791
1,259,698
235,481
8,332
9,845,337
403,329
4,990
190,144
1/2. to in
definite
20
Up to 10 ST
3
3,104,934
385,000
Agriculture Department:
Commodity Credit Corporation:
Commodity loans.......... ...................
Long-term dollar credit sales.................
Short-term export sales credits................
Storage facility and equipment loans............
Investments acquired in settlement of claims.......
Total Commodity Credit Corporation....... .....
Consumer Protection and Services:
Agricultural Marketing Service:
Milk market orders assessment fund...........
Farmers Home Administration:
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise........................
Nonfarm enterprise.... ................ *
Operating loans.........................
Guaranteed operating loans.................
Recreation loans.........................
Soil and water conservation loans...... .....
Emergency loans..........................
Guaranteed emergency loans........... *.....
Guaranteed emergency livestock loans.......
Emergency loans refinanced................
Indian land acquisition loans......... .....
Grazing, recreation, irrigation, and forestry
loans.................................
Watershed works of improvement and flood
prevention loans........................
Resources conservation and development loans...
Maturity
range
(years) y
3— 5
9,149
Military credit sales to Israel.............. ^
385,000
International development assistance:
Bilateral assistance:
Agency for International Development:
Alliance for Progress, development loans...
3,346,143
Common defense, economic, and triangular
trade loans.............. ...... ......
24,373
Development loan fund liquidation account....
118,040
Development loans......................
7,167,512
Housing guaranty fund...................
Grants and other programs................
1,674,727
Total Agency for International Development.
12,330,795
Overseas Private Investment Corporation.....
21,568
Total funds appropriated to the President....... 14,254,674
Interest
range
(Percent) 2 /
0— 8-1/2 ST
735
58
Government
Maximum
authority 2/ fee or premium
0— 40
12/
724
yj
2,419,568
285,360
9,055
431,531
-2/
5
5
9.25
Various
0—
0—
0—
0—
0—
40
40
40
40
15
Treasury Bulletin
150
___ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS_______
Section II-Federal Credit Programs
Table GA-H-2. - Direct and Guaranteed Loans Outstanding September 30, 1977—
Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
Guarantees and insurance
Amount
Maximum
authority 1/ outstanding
Maximum
Government
authority 2/ fee or premium
Interest
range
(Percent) 2/
Maturity
range
(Years) 2 /
I-Wfoolly corned Government .^enterprises
United States dollar loans - Continued
Agriculture Department-Continued
Farmers Home Administration-Continued
Rural housing insurance fund:
Rural housing loans.........................
Rural housing loans to senior citizens.........
Rural rental and cooperative housing..........
Rural housing site loans....................
Labor housing loans.......................
Total rural housing insurance fund.............
Self-help housing land development fund:
Self-help housing land development loans........
Total Farmers Home Administration.................
Soil Conservation Service:
Water conservation and utilization projects...... .
Watershed and flood prevention operations....... .
Total Soil Conservation Service................ .
Total Agriculture Department.....................
Commerce Department:
Economic Development Administration:
Loans to aid industry.........................
.................. .....
Total Economic Development Administration........
Promotion of Industry and Commerce:
Trade adjustment assistance....................
Maritime Administration:
Ship sales (purchase money mortgages)...........
Federal ship mortgage insurance fund:
Direct loans.............................. .
Guaranteed loans...........................
Total Maritime Administration..................
Science and Technology:
National Oceanic and Atmospheric Administration:
Federal ship financing fund, fishing vessels..*..
Fisheries loan fund.............. ..........
Total National Oceanic and Atmospheric
Administration.............................
Total Commerce Department.................... .
Defense Department:
Military: Defense production guarantees:
A m y ..... ..................................
Navy.......................................
Total defense production guarantees.............
Civil:
Ryukyu Islands, construction of power systems.....
Total Defense Department........................
Health, Education, and Welfare Department:
Health Resources Administration:
Health services planning and development:
Community facilities.....................
Construction of hospitals and other medical
facilities.............................
Total health services planning and development.
Medical facilities guarantee and loan fund.........
778,127
11,083
248,021
1,194
12,881
11,216,900
778,127%
269,452
11,083
248,021 JL7/
764,605
3,500
1,1941
24,800
12,88lJ
1,051,306
12,279,257
556
2,349,150
406
1,018
Footnotes at end of section.
w
20/
1 ST
8/
-
2 ST
3 ST
-
-
-
_
0— 50 ST
21,755,433
337,498
165,457
163,218
193,360
Loans for public works
1/2$ ST
4 — 8-1/8
3-3/8— 8-1/4
Up to > 5 ST
2
Up to 40 ST
163,218
502,955
20,955
20,955
6—- 7
,
40,457
40,457
3-1/2 ST
14,821
14,821
4,716,772
7,000,000
3/4%
12— 20
20— 25
25 ST
25 ST
3.7— 9
3.7— 9
4,716,772
55,278
461
1,385
22/
2 ST
0— 33 ST
_
1,424
12,196,067
337,498
165,457
0— 33
0— 33
21,755,433
461
20,000
25,289
1,846
50,000
6— 9.2
3— 8
15— 25
3— 10
25,289
581,034
4,905,279
/
2,584
2,588
4
2,584
7,743
10 331
7,743
n.a.
127
251
2-1/3— 2-3/4
30
48,001
48,989
2-3/2— 5-1/4
39— 50
23,331
10-1/2— 13 -1/2
6
n.a.
-
48,128
29,605 22/
Health teaching facilities construction:
Guaranteed loans.............................
Health maintenance organizations loan
Guaranteed and' loan fund......................
%
556
406
1,018
11,216,900
269,452
764,605
3.500
24.800 21J
1,355,794
1.720.395 22/
6.695— 10.585
25
70,173
12,098
12,098
74,916
a « _m-J
o.pP—— JV
on
31,394
31,394
7.25— 9.21
20
December 1977
151
_ _ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS______
Section II-Federal Credit Programs
Table GA-H-2. - Direct and Guaranteed Loans Outstanding September 30, 1977—
Continued
(In thousand of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
authority 1/
Guarantees and insurance
Amount
outstanding
Ii)rSb
z166*
range
Maximum
Government
(Percent) 2 /
authority 2/ fee or premium
Maturity
range
(Years) 2 /
I-Wholly owned Government enterprises
United States dollar loans - Continued
Health, Education, and Welfare Department-Continued
Health Resources Administration-Continued
National Institutes of Health:
Health professions education fund............
Nurses training fund......................
Health manpower:
Other student loan programs...............
22,104
7,661
22,104
7,661
481,621
453,874
463
10,473
19,699
3,138,937
4,184,391
28,671
Total Health, Education, and Welfare Department...
Housing and Urban Development Department:
Housing production and mortgage credit:
Federal Housing Administration:
Revolving fund: 23/
Property improvement loans................
Purchase money mortgages.................
Mortgage insurance loans.................
422^31
2,884,622
Total low-rent public housing.............
Total Federal Housing Administration.........
Government National Mortgage Association:
Management and liquidating functions.........
Special assistance functions:
FHA-VA loans...........................
Conventional mortgage loans,..............
Guarantees of mortgagebacked securities fund...................
Total Government National Mortgage Association..
Housing management:
Community disposal operations fund............
Revolving fund, liquidating programs...........
Community planning and management:
New communities guarantee fund................
Community development:
Rehabilitation loan fund................... .
Urban renewal fund:
Direct loans and planning grants............
Guaranteed loans..........................
Total Housing and Urban Development Department....
Interior Department:
Public land management:
Bureau of Indian Affairs:
Liquidation of Hoonah Housing Project „
Revolving fund for loans:
Cooperative associations.................
Corporations and tribes..................
Credit associations......................
Expert assistance................. .....
Individual Indians......................
Total revolving fund for loans............
Territorial Affairs:
Public works.............................
Rehabilitation in Guam.....................
Guam Power Authority......................
Virgin Islands - Construction...............
Total Territorial Affairs..................
Mineral resources:
Geological Survey:
Surveys, investigations, and research.......
Footnotes at end of section.
5— 7-1/4
20
20
3 — 5-1/2
_
5— 15
1,457,361
4,808,005
Total Federal Housing Administration
revolving fund.........................
College housing loans......................
Nonprofit sponsor assistance................
Low-rent public housing:
Loans to States, territories, etc......... .
Purchase money mortgages..................
5— 6-1/4
481,621
Total Health Resources Administration....... .
Office of Education:
Student loan insurance fund 23/...............
Higher education facilities loan and insurance
fund 2$/,,-.................. .............
Elementary and secondary education............*
Higher educational loans to institutions.......
Advances for reserve funds.................. .
Federal capital contributions.................
Total Office of Education....................
Assistance to refugees in the U.S.............
_
594,943
560,945
560,945
779,250
41,420
25,520
30,000
& '3,188,348 25/
4,468,000
_
_
_
-
28,671 22/
-
_
_
-
—
_
_
Various
Various
3— 3-3/4
5-7/8— 8
6-7/8— 8
3— 40
Up to 10
Up to 15
Zk/
3 ST
12— 15 ST 26/
-
3 ST
-
Up to 15 28/
5,925,361
422'l31
2,884,622
89,076,401
565,747
.33— 1%
89,076,401
0— 1#
9.41— 12.00 ST
4.00— 9.50 ST
3.00— 9.50 ST
0— 15 ST
0— 40 ST
0— 40 ST
89,642,148 22 /
3,391,212
31,511
538
1/4$ST 22/
4,468,000
565,747 2£ /
3,046,042
1,427
4,468,000
5,011,000 22/
1,427
31,511
538
-
:
14,137,811
14,137,811
2.75— 3.75 ST
_
32,049
2-1/2— 8-3/4
3— 5-1/2
Demand— 40
4— 36 ST
14,137,811
6,470,730
-
30— 50
1/2
103,779',959
234,430 22/ ' 234,430
3,113,526 22/ '7,750,186
.2,750,000
150,429 :
7,970
-
-
26/ J
7-1/2— 8-1/2 23/
2k /
7,970
3,506,355
2,847 26/
528,270
2k /
”
2k /
2k /
25— 30
2k /
2,847
528,270
_
78,579
7,879
229,000
334,218
390,000
56,059
56,059
740,500
_
21/
-
1,220,590
105,229,549
10,977,058
-
5-1/4— 7-1/2
10— 30
7— 7-3/4
20
3 ST
Variable
Variable
1,220,590
3— 20
Variable J8/
Variable
114
114
3
25
1,101
45,221
2,921
1,657
4,807
55,708
1,101
45,221
2,921
1,657
4,807
3 — 5-1/2
0— 30
0— 30
0— 30
529
36,287
529
36,287
-
-
0— 25
-
36,000
22,000
58,000
36,816
3,012
-
0— 5-1/2
2— 5
5-1/2
0— 5-1/2
3,012
36,000
61,000
-
-
-
2
7
7-1/8
7-1/8
30
30
4
4
5-3/4— 10-1/4
0— 13
Treasury Bulletin
152
____FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FU N D S_______
Section II-Federal Credit Programs
Table GA-II-2, - Direct and Guaranteed Loans Outstanding September 30, 1977—
Continued
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
M / ir i
ay mm
Amount
outstanding authority 1/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Maximum
authority 2/
Amount
outstanding
• Interest
range
Government
fee or premium (Percent) 2/
Maturity
range
(Years) 2/
-
Interior Department - Continued
Water and power resources:
Bureau of Reclamation:
75,420
152,134
227,554
323,204
Justice Department:
Law Enforcement Assistance Administration:
Loans to law enforcement students............ .
State Department:
Emergencies in the diplomatic and consular service..
Loan to the United Nations headquarters......... .
Total State Department....................... .
Transportation Department:
Federal Aviation Administration:
Aircraft loans:
Guaranteed loans.... .....................
Federal Highway Administration:
Right-of-way revolving fund..................
Federal Railroad Administration:
Loans to railroads............. ............
Railroad loans acquired by default............
Trustee certificates of railroads............. .
Urban Mass Transportation Administration:
Urban mass transportation fund............... <
Washington Metropolitan Area Transit
Authority bonds.............. *....... .....
Total Transportation Department................ .
75,420
152,134
153,597
153,597
2,543
7,000
35,809
2,543
7,000
35,809
-
-
-
3— 4-1/8 Jg
" 5£T,000
45,352
3-1/2— 7
-
-
600,000
178,302
25,995
2
1/4i
34 ST
1% above
prime rate
Treasury Department:
RFC loans to railroad in liquidation.............
RFC loans to foreign banking institutions in
liquidation.................................
Miscellaneous loans and other credits:
Greece - World War I ........................
Hungary....................................
Turkey..................................
Lend-lease and surplus property................
Loan to the United Kingdom............
Total Treasury Department......................
10 ST
2— 10 ST
933,424
3,
400,000
63,273
125 000
997,000
2,157,726
997,000
J/ J
45
1/4$
7/8$
57,183
306,505
2— 10
-
300,000
25,995
_
_
164,029
47,296
22- 1%
-
40/
6-1/8
7*8— 8,1
3-5/8— 8-1/2
7.30— 8.35
1— 20 ST
42/
15 ST
1— 30
40
4,049,006
1,695
1,695
562
562
-
-
-
6
8
12,436
609
114,000
1,361,942
2,557,762
12,436
609
114,000
1,361,942
2,557,762
_
_
_
_
-
_
3— 3-1/1
0— 3
n o J/o
}
u—— * /a
0— 2
ft
30
56
55
_
_
4— 7-1/2
20
5——6—1/2
4-1/4— 10-1/4
0— 12
0— 30
8.03-8.5
5— 30
Energy Research and Development Administration:
Long-term receivables........................ ..
46,066
71,961
General Services Administration:
General activities:
Liquidation of Virgin Islands Corporation.......
Surplus property credit sales................ .
2,990
51,547
2,990
51,547
Federal buildings fund...................... .
Total General Services Administration............
_
_
54,537
4
Veterans Administration:
Direct loans to veterans and reserves............
Education loans............................
Loan guaranty revolving fund:
Acquired mortgages..,.......................
Guaranteed mortgages........................
National service life insurance fund......... .
Service-disabled life insurance fund............ ..
U.S. Government life insurance fund.............
Veterans insurance and indemnities..............
Veterans reopened insurance fund................
Vocational rehabilitation revolving fund............
Total Veterans Administration..................
921,231
1,005,543
20,999
51,598
1,238
27,653
51,036
412
7,641
9,088
Total Community Services Administration.......
16,729
_
_
33,932,395
-
-
_
_
_
-
_
_
_
-
V Q 1/O O l
4——7—-V< ol
c T
8 ST
921,231
5,588,271 42/
121,973 42/
363,534 42/
6,048
319,239 42/
401,034 42/
412
’
_
_
7— 30 ST
Indefinte
o 7-X/<C on
-— Q 1 /o oi
3
Q 7 T /£ O r
P— Q J / o Oi
-L< f
/_p
.
4——p
4— 5
4— 5
4— 5
4— 5
4— 5
7— 30 ST
7— 30 ST
Indefinte
Do
LJ
a
Ti
V
LJ
A
Do
Do
Do
33,932,395 & /
2,628,026
Independent agencies:
Community Services Administration:
Community Services Administration loan fund:
Loans to individuals.......................
Loans to cooperative associations............
Footnotes at end of section.
527,030
21,286
736,500
33,932,395
527,030
21,286
736,500
736,500
4-1/d
4-1/8
7,641
9,088
-
15 45/
3° J S f
December 1977
153
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding September 30, 1977—
Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
Maximum
outstanding authority 1
/
Guarantees and insurance
Amount
outstanding
Maximum
Government
authority £/ fee or premium
Interest
range
(Percent) 2 /
Maturity
range
(Years) 2 /
I-Wholly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay: 4&/ 4 2 / ....... .
Advancesto Stadium sinking fund, Armory
Board 46/...........................
Repayable advances to the D.C. general fund.
Total District of Columbia..........
Emergency Loan Guarantee Board:
Emergency loan guarantee fund.......
Export-Import Bank of the United States:
Equipment and service loans.........
Commodity loans...................
Emergency loans...................
Discount loans....................
Export-Import medium term guarantees......
Certificates of loan participation.......
Insurance issued through the Foreign Credit
Insurance Association:
Medium term insurance............
Short term insurance.................
Total Export-Import Bank of the United States.
Federal Home Loan Eank Board:
Federal Savings and Loan Insurance Corporation:
Loans to insured institutions............ .
Loans acquired from insured institutions... .
Revolving fund.......................
Total Federal Home Loan Bank Board.
Interstate Commerce Commission.
Railroad loans purchased............... .
Railroad loans guaranteed..............
Total Interstate Commerce Commission..... .
National Credit Union Administration:
National credit union share insurance fund.
Small Business Administration:
Business loan and investment fund:
Financial assistance program:
'..
Business loans................ . . .
Displaced business loans............
Economic opportunity loans..........
Handicapped loans.................
Local development company loans......
State development company loans......
Trade adjustment assistance loans....
Investment company assistance program:
Loans and debentures purchased.......
Total business loan and investment fund..
Disaster loan fund:
Financial assistance program:
Disaster loans...........
Total Small Business Administration.,
United States Railway Association:
Direct loans................... .
Subtotal.................................
Held by lending institutions not guaranteed or
insured by the Federal Government..........
Total budget Federal agencies............
1,241,583
832
6,000
2-5/8—0-3/8
1,241,583
832
6,000
1,248,414
-
-
_
-
-
80,000
250,000
_
_
11,293,677
41,788
105,339
97,669
14,395,548
62,024
105,339
990,709
2,643,993
38,412
5,650,653
“
_
~
-
-
303,873
975,401
782,686
3,176,037
-
-
-
_
-
46,724 20/
-
5— 40 ST
5-3/8— 5-3/4 SI
2.3— 2.75#
_
_
-
48/
1/2%
5.59— 8.40
2-3/8— 9-1/2
5-3/20— 9
3— 7-7/8
Various
49/
6—8-1/i
a /
52/
2— 40
2— 3
6—22
1/2— 5
1/4— 12
3-8
1/2— 5
Up to 180 days
3,961,679
11,538,473
13,942
28,579
42,521
13,942
28,579
4,000,000
104,522
104,522
104,522
-
-
-
-
-
-
-
-
29,023
29,023
29,023
3/8#
5,485
5,485
5— 6
4-3/4— 8-1/2
7-7/8— 8-3/8
Demand— 11
1— 30
30
-
_
4-1/2— 9-1/2
4-1/2— 9-1/2
1— 25
1— 25
N
4,496,490
1,735
89,795
24,042
2,035
175,026
204,031 ► 2,295,019 5&/
11,191
1,440
-
903,732>
|
250,397
231,862
204,856^
1/4#
1/4#
6,517,481 ££/
6 - 5/8
8
-
7-1/4— 7-7/8 ST
_
436,226 ^
1,831,551
1/4#
6-5/8 ST
6-5/8 ST
22/
3
10
30
15
15
25
ST
ST
ST
ST
ST
20
25 ST
15 ST
5,201,307
1,428,255
3,259,806
1,428,255
316,888
395,000
66,960,814
8,406
5,209,713
-
6-5/8 ST
$1/
-
_
5— 9-1/8
30
1/4— 15
187,832,304
-
39,036,387 £6/
66,960,814
226,868,691 2L/
Off-budget Federal agencies 58/
Federal Financing Bank.................. .
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electric systems......................
Appliances and equipment................
Telephone systems......................
Rural Telephone Bank: 61/
Telephone systems............... ......
Total Rural Electrification Administration....
Housing and Urban Development Department:
Housing production and mortgage credit:
Housing for the elderly or handicapped....
23,123,36 5 2 2^3,123,365
.
7 , 261,288A 11,852,492
314
1,909,098
J
Footnotes at end of section.
5.131— 9.333
7,811,694
-
3,049,868
-
393,873
476,165
9,646,865
476,165
_
_
-
522,649
2,161,007
-
_
2— 5
2-5 60/
2— 5
Up to 35 years
35 ST
35 ST
35 ST
35— 50 ST
-
33,292,879
33,292,879
-
100,253j693
Total off-budget Federal agencies................
.
226,868,691
3— 3-3/4
30— 50 ST
154
Treasury Bulletin
_ _ _ _ _ _ _ _ _ _ FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS _ _ _ _ _ _ _ _ _ _
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding September 30, 1977-Continued
(In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
II-Wholly owned Government enterprises
Loans repayable in foreign currencies
Funds appropriated to the President:
International development assistance:
Bilateral assistance:
Agency for International Development:
Development loan fund liquidation account...
Common defense, and triangular trad? loans....
Community credit guaranty loans 64/...........
Productive credit guaranty loans....... .
a 1 other loans... ......................
t
Total funds appropriated to the President......
Treasury Department:
Ma-y- m m
fn
Mount
outstanding authority 2 /
MaT l m m
fri
Amount
outstanding authority 1/
322,704
80,722
1,136,085
322,704
80,722
1,139,942
261
_
507,578
_
_
_
508,333
17,886
1,093
2,066,068
1,308
-
Other independent agency:
4,952,675
1— 5-3/4
5— 40
4— 12
1-1/2— 58-1/2
3/4— 7-1/2
4--41
8— 16
0— 7
1/4$
1/2— 6-1/2
-
-
0— 2-3/8
.
2— 42
At request of
the U.S.
10— 30
4,952,675
14,225,177
14,225,177
21,524,414
6— 8-1/4
6 .40— 7s2
7-3/4— 9
1— 20
1— 7
5— 40
-
17,053,549 6^/17,053,549 6
7-1/2— 9-1/2
Up to 10
3,292,945 67 / 3,292,945
7-1/4— 10-7/8
28
-
20,346,494
32,958,780
Total Part III................................
1/2%
Maturity
range
(Years) 2 /
261
21,524,414
40,702,266
Federal Home Loan Bank Board:
Federal home loan banks:
Advances to member banks.................... .
Federal Home Loan Mortgage Corporation:
Mortgage loans............................
1,075
6,000
Interest
range
(Percent) 2 /
261
2,047,089
17,886
Total Part II.................................
Ill-Privately owned Government-sponsored enterprises
Farm Credit System:
Banks for cooperatives:
Cooperative associations...... ......... .
Federal intermediate credit banks:
Production credit associations......... ...... .
Federal land banks:
Government
fee or premium
518,521
_
_
32,958,780
518,521
94,526,061
-
Source: Bureau of Government Financial Operations. Based cm quarterly
reports received from agencies pursuant to Treasury Circular No. 966,
Revised.
1/ If the maximum authority is indefinite, an amount equal to the loans
outstanding is shown in this column. Certain amounts have been noted
to indicate factors affecting the indefinite amount. Authority for
credit sales of realty and loans in liquidation is stated in amounts
equal to the amounts outstanding.
2/ If the maximum is indefinite, an amount equal to the guarantees and
insurance outstanding is shown in this column. Certain amounts have
been noted to indicate factors affecting the indefinite authority.
2 / Figures shown in this column are applicable to both direct loans or
credit outstanding, and guarantees and insurance outstanding if
amounts are shown under both headings; otherwise they are applicable
to the amounts under the heading shown.
U Administrative - rates are from % to 7-7/8$ on direct loans; various
rates on guaranteed loans. No statutory provisions.
5/ Represents loans made in foreign currency, repayable in U.S. dollars.
6/ statutory limit for public, debt borrowings is $14,500,000 thousand,
of which $6,128 thousand was in use as of September 30, 1977.
2/ Loans made and not disposed of shall not exceed $500,000 thousand at
any time. There is no limit on loans acquired.
g/ Administrative - differences, if any, between interest rate to bor
rower and interest rate to lender: statutory - borrower shall pay
such fees and other charges as the Secretary may require.
2/ Statutory - determined by the Secretary of the Treasury taking into
consideration the current average market yield on U.S. marketable
obligations outstanding with remaining periods of maturity comparable
to average maturities of the loans.
10/ Administrative - not to exceed 7 years; however, last installment
may be refinanced for 5 years; statutory - may not exceed 7 years,
but may be renewed for not more than 5 years.
11/ There is no limit on emergency loans that may be made.
12/ Rate negotiated between lender and borrower. The rate shall be
legal and reasonable.
13/ Administrative - may not exceed shortest of following: (1) local
_
4-1/2— 10
5.38— 9.5
20—40
Up to 15
statutory limitations, (2) 50 years from date principal benefits
from works of improvement become available, or (3) useful life of
improvement. Statutory not to exceed 50 years from date principal
of works of improvement become available.
14/ Authority for labor housing and rural rental housing direct and
guaranteed loans was transferred to the rural housing insurance fund
by an act approved August 10, 1965 (42 U.S.C. 1487).
15/ Administrative - direct: loans for natural disasters, interest is
determined monthly. Rate of 8# on loans not to exceed $1,000 to
low and moderate income families pursuant to Section 502 o£ the
Housing act of 1949, as amended. Rate for Section 504 loans is 1%,
Guaranteed: loans to low or moderate income borrowers, 8$; above
moderate income borrowers,8.5% plus .5% insurance charge.
16/ Statutory - direct and guaranteed loans to low and moderate income
borrowers: determined annually by the Secretary of the Treasury,
considering current average market yield on U.S. marketable oblig
ations outstanding of comparable maturities, adjusted to nearest 1/8
of 1%, less not to exceed differences between adjusted rate and
1% per annum. Guaranteed loans to above moderate income borrower:
as determined by the Secretary at rates comparable to combined rates
of interest and premium charges in effect under Title 12, Section
1709.
- 7 'Maximum authorization for direct rural housing loans is $30,000
1/
thousand.
18/ Administrative - direct 3$; guaranteed, 9$. Statutory - rate
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable oblig
ations for comparable maturities adjusted to nearest 1/8 of 1%, less
not to exceed difference between adjusted rate determined by the
Secretary and 1% per annum.
19/ Administrative - direct, not to exceed 50 years; guaranteed, not to
exceed 40 years except for loans to provide housing for Senior
citizens only will not exceed 50 years. Statutory - as determined
by the Secretary.
December 1977
155
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Footnotes to Table GA-H-2.—
Continued
20/ Administrative: direct 3$, guaranteed 8$. Statutory rate is
determined annually by the Secretary of the Treasury, considering
current average market yield on outstanding U.S. marketable obliga
tions for comparable maturities adjusted to nearest l/8 of 1 $.
21/ Maximum authorization shall not exceed $25,000 thousand each fiscal
year.
22/ Maximum authorization for direct and guaranteed loans amounts to
$1,750,000 thousand which has been prorated between the direct loans
and the guaranteed loans.
3/ Represents premium on insured loans; there is no premium on guaran
teed loans.
24/ Advances shall be paid within such period as the Commissioner may
deem appropriate in each case, depending on the maturity and
solvency of the reserve fund.
25/ Represents loans to students in institutions of higher education.
£?/ After June 30, 1980, and not later than December 31, 1980, there
shall be a capital distribution of the student loan fund and not
less than quarterly thereafter.
j-2/ Loan allocations are made when needed as determined by surveys of
institutions.
2$/ Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after student leaves school.
^9/ Figures as of June 30, 1977,_"tl e latest a*Wilable.
i
30/ Represents estimated insurance"*on loans ou6
stariding and loan reports
in process of $3,417,029 thousand.
2M Includes interagency holdings by the community disposal operations
fund and the Government National Mortgage Association, and loans
held by the Federal Home Loan Mortgage Corporation and the Federal
National Mortgage Association (see footnote 68 in Part III of this
table).
32/ Represents maximum authority to borrow from the Secretary of the
Treasury, and funds provided by sales of participation certificates.
Includes loans insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
14/ Determined by the Federal Housing Administration and the Veterans
Administration.
35/ Calculated monthly in reference to average yield of 6-12 year
Treasury borrowings.
36/ Includes loans of $2,244 thousand insured by the Federal Housing
Administration.
22/
Statutory - application fee, $10 thousand; commitment fee, 0.5$ of
principal up to $30,000 thousand and 0 . $ over $30,000 thousand.
1
Guarantee charges,3% of principal amount guaranteed. Annual charge,
0.% of outstanding amount guaranteed for first seven years, 1% of
outstanding amount guaranteed after seven years.
2§/
Loans may be paid off at any time by application‘ proceeds from
of
sales of land or capital grants or by refinancing.
Statutory formulas set minimum rates based on yields of U.S. Govern
ment obligations of comparable maturity. Accordingly, rates charged
m y exceed minimum and may vary from month to month. For Sept
ember 30, 1977, 7-1/8$ for E0L and 7-1/2$ for SBIC debenture purchases.
£4/ Maximum authorization totals 8,812,500 thousand, which represents
appropriations made to the Administration. This amount has been
prorated between the direct loans and the guaranteed loans.
No limitation has been placed on amount of direct or guaranteed
&
loans that may be outstanding at any one time.
£ 6/ This figure represents the amount of participation by private enti
ties in partially guaranteed U.S. credit programs. This private
participation in the guaranteed loan programs of the various agencies
is as follows:
Amount
(In thousands
Agency
of dollars)
Funds appropriated to the President:
48,279
Overseas Private Investment Corporation............
Agriculture Department:
Agricultural credit insurance fund:
Farm ownership loans:
Farm enterprise..............................
268
Non-farm enterprise..........................
3
Guaranteed emergency loans......................
7,435
3,401
Guaranteed operating loans......................
Guaranteed livestock loans.................. .
124,478
Rural development insurance fund:
Guaranteed business and industrial development loans... 47,948
Commerce Department:
Economic Development Administration:
Economic development revolving funds.............
30,142
Housing and Urban Development Department:
Federal Housing Administration..................
3,166,534
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees.......................
18,225
Veterans Administration:
Loan guaranty revolving fund......................34,852,615
Other independent agencies:
Small Business Administration:
Business loan and investment fund...............
Disaster loan fund...........................
2 2/
32/
£0/
SL
S/
&2J
W
w
&
46/
43/
48/
42/
20/
£L/
52/
- fctJ pproved A^ ust 6> 1956 (70 Stat. 1046), loan
n
allocations to irrigation land holdings not in excess of 160 acres
f?ee* Allocation to nonirrigation uses and irrigation
J? ^
??
XCeSS °f 160 acres bear Interest based on the aver
age rate on certain outstanding U.S. marketable obligations
The guaranteed ioan rates are 5-9%, and Federal funds rate plus
3/8$. Direct loan rate is 5-1/2$.
Default o . guaranteed loans.
f
Payment depends on liquidation of Penn Central State.
These figures are stated on an estimated basis.
Includes interagency holdings by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 67 in Part III of this table).
1
Administrative - minimum period consistent with applicant’ ability
s
to repay, not to exceed maximum maturity set by statute of 15 years
for loans to individuals and 30 years for loans to associations
Statutory - rate of interest on loans to the District of Columbia
L
^ ?e Secretary of the Treasury at the beginning of
a - ^ t o n8?“ « . the loans 819 “ de- ° ~
rates
Represents balances from the Water, Highway, General, Sanitaiy
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333 dated June 30, 1976.
Shipment coverage rates as of September 30, 1977, were $0.13 to $5.88
on each $100 of financed portion (contract price minus cash payment).
Guaranteed interest rate will be 1% above the Department of the
Treasury borrowing rate for comparable maturities and will be fixed
at time of authorization.
Includes guaranteed interest of $1,536 thousand.
Shipment coverage rates as of September 30, 1977, were $0.53 to $6 .6?
on each $100 of financed portion (contract price minue cash payment)
Shipment coverage rates as of September 30 , 1977 . were $0 12 to
on each $100 of gross invoice value.
'
52/
52/
60/
£2/
62/
M/
65/
§6/
m/
735,892
1,167.
Total.......................................... 39,036,387
Excludes $42,931,883 thousand representing securities issued by the
Federal National Mortgage Association and other institutions that
are guaranteed by the Government National Mortgage Association,
guarantees of mortgage-backed securities fund. These securities are
backed by the Federal Housing Administration insured or Veterans
Administration^guaranteed mortgages held by the institutions.
Most outlays of the Rural Electrification and 'Telphone revolving fund
and the Rural Telephone Bank has been classified off-budget since
May 12, 1973, by an act approved May 11, 1973 (8? StSt.' 65-71). The
Federal Financing Bank was established as an off-budget Federal agency
by an act approved December 29, 1973 (87 Stat, 9,41). Housing pro
duction for the elderly or handicapped was classified off-budget
pursuant to Public Law 93-383, dated August 22, '1974.
Loans made by Federal Financing Bank are included in the guaranteed
programs of the appropriate agencies.
Interest is 2$ on loans made prior to May 11, 1973. Loans made
after that date, bear interest at 2$ or 5$ depending on certain
conditions stated in section 305 (b) of an act approved May 11, 1973
(87 Stat. 69). Guaranteed loans will bear interest at rate agreed
upon by the borrower and the lender.
This Bank is a mixed-ownership corporation.
Interest rate is average rate of cost of moneys to the telephone bank
as determined by the Governor.
Represents the Cooley loan program established by an act approved
August 13, 1957(7 U.S.C. 1704 (e)).
This program was transferred from 0PIC to AID, pursuant to Section
222A of the FAA of 1974.
Does not include advances of $2,363,800 thousand to the Federal
Home Loan Mortgage Corporation.
At no time shall the aggregate outstanding advances made by any
Federal home loan bank to any member exceed 12 times the amounts
paid by such member for outstanding capital stock held by it (12
U.S.C. 1430 (c)).
Consists of mortgages insured by the Federal Housing Administration
and guaranteed by the Veterans Administration amounting to
$1,498,369 thousand; less unamortized discount o j $58,899 thousand;
f
participations in conventional loans of $1 >£8&,94I thousand;
8
conventional whole loans of $173,483 thojisand*,less loan loss
reserve of $8,956 thousand.
*
Statutory.
156
Treasury Bulletin
.CUMULATIVE TABLE OP CONTENTS.
January 1977 through December 1977
Issues and page numbers
1977
Sections
Jan.
Feb.
Mar.
V
V
1
3
5
6
7
8
10
11
...
Article:
Treasury financing operations.
Apr.
May
June
July
VI
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
12
...
10
11
12
13
10
11
12
...
10
11
•..
...
10
11
13
14
15
17
14
16
17
18
17
18
19
20
21
22
19
20
Sept.
Oct.
Nov.
VI
VI
VI
VI
VI
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
1
3
5
6
7
8
10
11
10
11
10
11
...
...
10
11
...
12
10
11
•••
10
11
12
13
13
13
16
*13
*13
*14
*15
*13
17
18
19
16
17
18
16
17
18
19
20
21
19
20
21
16
17
18
17
18
19
21
22
23
19
20
21
23
20
19
19
22
22
19
20
24
22
EfiflflKal fifigfll opSEfrUofls:
Summary of fiscal operations...................
Budget receipts by source......................
Chart - Budget receipts by source...............
Budget outlays by agency......................
Undistributed offsetting receipts...............
Budget outlays by function.....................
Investment transactions of Government accounts in
Federal securities (net).....................
Trust fund transactions.......................
Selected accrual data reported by Federal agencies..
Detail of excise tax receipts..................
Summary of internal revenue collections by States
and other areas............................
Federal obligations...............................
Account of the U.S. Treasury:
Status of the Account of the U.S. Treasury..........
Analysis of changes in tax and loan account balances...
Gold assets and liabilities of the Treasury.........
Monetary statistics;
Currency and Coin in Circulation............ ......
Federal debt:
Summary of Federal debt........................
Computed interest charge and computed interest rate
on interest-bearing public debt................
Interest-bearing public debt....................
Maturity distribution and average length of market
able interest-bearing public debt..............
Government account series......................
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................
Description of securities of Government corporations
and other business-type activities held by the
Treasury...................................
Public debt operations:
Maturity schedule of interest-bearing public marketable
securities other than regular weekly and 52-week
Treasury bills outstanding......................
Offering of bills...............................
New money financing through regular weekly Treasury
bills.......................................
Offerings of public marketable securities other 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 (nonmarketable)
issued to official institutions of foreign
countries................................
,
United Stateg saving? f o f g
tal:
Sales and redemptions by series, cumulative.......
Sales and redemptions by periods, all series
combined...................................
Sales and redemptions by periods, Series E through K.
Redemptions of matured and unmatured saving bonds....
Sales and redemptions by denominations, Series E and
H combined.................................
Sales by States, Series E and H combined..........
Aug.
Dec.
20
21
24
21
20
20
23
23
- 20
21
25
23
20
21
21
22
24
25
21
22
20
21
20
21
23
24
23
24
20
21
21
22
25
26
23
24
21
22
22
23
25
26
22
23
21
22
21
22
24
25
24
25
21
22
22
23
26
27
24
25
23
24
25
26
24
25
26
27
27
28
29
30
24
25
26
27
23
24
25
26
23
24
25
26
26
27
28
29
26
27
28
29
23
24
25
26
24
25
26
27
28
29
30
31
26
27
28
29
27
28
31
28
27
27
30
30
27
28
32
30
29
...
...
30
...
...
32
...
...
30
...
...
33
34
30
31
33
34
34
35
29
30
29
30
36
37
32
33
29
30
34
35
34
35
32
33
37
34
37
38
33
33
40
36
33
38
38
36
41
38
41
42
37
37
44
40
37
42
42
40
44
41
44
45
40
40
48
44
42
47
47
45
48
45
48
49
44
44
52
48
46
51
51
49
51
50
53
54
49
49
57
53
51
56
56
54
54
53
56
57
53
53
61
57
55
60
60
58
59
58
62
63
59
59
67
63
62
67
67
65
62
61
65
66
62
62
70
65
70
70
68
66
67
69
65
66
68
70
71
73
70
71
73
68
69
71
...
...
...
74
75
62
63
65
61
62
64
65
66
68
.;
*;
69
70
66
67
69
62
63
65
62
63
65
70
71
73
66
74
...
December 1977
157
___ CUMULATIVE TABLE OF C O N TEN TS__
January 1977 through December 1977—
Continued
Issues and page numbers
Sections
Jan.
Feb.
Mar.
Apr.
66
65
71
70
67
68
66
67
68
72
72
73
74
June
July
Aug.
66
66
75
70
71
72
67
68
67
68
73
69
69
76
77
78
71
72
73
...
...
...
...
75
76
78
78
80
77
79
73
75
76
79
81
80
77
80
82
78
79
...
80
United States savings notes:
Sales and redemptions by periods...................
May
Oct.
Nov.
69
74
76
72
70
71
72
75
76
77
77
78
79
73
74
75
83
85
79
81
Sept.
Dec.
QmexshXV of federal .secxy t e s :
ii__
Distribution by classes of investors and types of
69
...
77
. . .
.•
.
73
75
82
84
H CN
'
to to
76
76
85
84
79
64
86
82
81
77
77
86
85
80
85
87
83
...
82
83
...
...
87
88
...
...
v I
O >
t to
o
Treasury survey of ownership........................
Treasury survey - commercial bank ownership............
Market, auotations on Treasury securities:
End-of-month closing quotations...................
Chart - Yields of Treasury securities...............
...
...
81
83
84
78
78
90
86
81
88
88
84
81
83
84
85
79
79
91
87
82
89
89
85
82
84
85
86
80
80
92
88
83
90
90
86
83
84
85
86
86
87
87
88
81
82
81
82
93
94
89
90
84
85
91
92
91
92
87
88
85
87
88
89
83
83
95
91
86
93
93
89
88
90
91
92
86
86
98
94
89
96
96
92
96
98
99
100
94
94
106
102
97
104
104
100
102
104
105
106
100
100
112
108
103
110
110
106
106
108
109
110
104
104
116
112
107
113
113
109
112
121
114
123
115
124
116
125
110
119
110
122
...
118
113
•••
120
120
•••
116
127
128
130
132
134
136
137
139
141
128
129
131
133
135
137
138
120
121
123
125
127
129
130
132
134
132
133
135>
137
139
141
128
129
131
133
135
137
138
123
124
126
128
130
131
133
135
137
139
140
144
146
140
142
132
133
135
137
130
131
133
135
137
139
142
122
123
125
127
129
131
132
134
136
73
76
78
81
83
Average yields of long-term bonds:
Average yields of long-term Treasury, corporate, and
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds.....................
Matianal-banK reports:
Operating Income and Expense, and dividends of National
Banks Calendar Year 1975.........................
International financial statistics:
89
U.S. liquid and other liabilities to foreign
official institutions, and liquid liabilities to all
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......
Weighted average of exchanges rate changes for the
Qap v r l poremfftifl:
;fa
Liabilities to foreigners reported by banks in the
Claims on foreigners reported by banks in the United
Liabilities to foreigners by nonbanking
Claims on foreigners reported by nonbanking concerns
Transactions in long-term securities by foreigners
reported by banks and brokers in the United States...
Foreign credit and debit balances in brokerage accounts.
Foreign Currency Positions.:
144
126
127
129
131
133
135
136
138
140
...
...
143
144
138
136
148
144
139
146
146
142
...
...
...
...
...
...
152
153
...
...
...
...
146
147
...
155
...
iis
•••
•••
• ••
**]
139
140
185
176
...
142
149
149
143
148
150
...
...
...
150
151
152
154
155
156
157
159
160
...
...
...
...
...
...
...
...
140
142
130
140
142
144
United States Dollar
Foreign currencies acquired 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 Supplementary Medical Insurance Trust Fund....
147
148
123
...
125
...
223
...
175
176
141
...
...
...
...
...
...
...
...
...
...
22^
226
228
229
230
231
232
234
m
144
146
147
148
149
151
152
...
...
...
177
178
179
181
182
183
184
186
187
...
142
@FedFRASER