Full text of Treasury Bulletin : December 1981
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i
IC
/.'
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
-
OFFICE OF THE COMMISSIONER
WASHINGTON,
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS 553
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE, $300
FIRST CLASS
Thke
ln^merica
Buy U. S. Savings Bonds
UNITED STATES TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
-V7
Treasury Bulletin
DEPARTMENT OF THE TREASURY
OFFICE OF THE SECRETARY
WASHINGTON,
D.C.
The Treasury Bulletin is for sale by the Superintendent of Documents,
U.S. Government Printing Office, Washington, D.C. 20402
Subscription per year $55.00 domestic, $68.75 foreign.
Single copy price ($4.75 domestic. $5.95 foreign.)
December 1981
CONTENTS
Page
Treasury Financing Operations................
Page
UNITED STATES SAVINGS NOTES
Ill
Sales and Redemptions by Periods........
FEDERAL FISCAL OPKRATIDNS
FFO-1.
FFO-2.
Summary of Fiscal Operations
Budget Receipts by Source
49
OWNERSHIP OF FEDERAL SECURITIES
1
3
Chart
Budget Receipts by Source
5
OFS-1.
Distribution of Federal Securities
50
FFO-3.
Budget Outlays by Agency
6
OFS-2.
FFO-4.
Undistributed Offsetting Receipts
Estimated Ownership of Public Debt
Securities
51
ft
FFO-5.
Budget Outlays by Function
9
FFO-6.
Investment Transactions Accounts
in Federal Securities (Net)
11
Trust Funds Transactions
12
FFO-7.
TREASURY SURVEY OF OWNERSHIP
TSO-1.
Summary of Federal Securities
52
TSO-2.
Interest-Bearing Marketable Public Debt
Securities by Type and Maturity Distribution
53
Interest-Bearing Marketable Public
Debt Securities by Issue
53
TSO-4.
Securities Issued by Government Agencies
56
TSO-5.
Securities Issued by Government-Sponsored
Agencies and Farmers Home Administration....
56
FEDERAL OBLIGATIONS
Gross Obligations Incurred Within and Outside
the Federal Government by Object Class
UST-1.
UST-2.
UST-3.
FD-1.
FD-2.
FD-3.
FD-4.
FD-5.
FD-6.
FD-7.
FD-8.
FD-9.
PDO-2.
PDO-3.
PDO-4.
PDO-5.
PDO-6.
PDO-7.
PDO-8.
PDO-9.
SB-
Treasury Bulletin
//
CONTENTS
Page
Page
SUPPLEMENTARY LIABILITIES AND CLAIMS DATA
REPORTED BY BANKS - U.S.
CM-III-1.
- Consolidated Monthly Bank Positions
FCP-III-1
Regularly Reported Separately
CM-III-2.
82
Dollar Claims on Nonbanking Foreigners
LIABILITIES TO FOREIGNERS REPORTED BY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
CM-IV-1.
- Total Liabilities by Type
83
Liabilities by Country
85
CM-IV-3.
- Total Liabilities by Type of Country
86
CM-V-1.
- Total Claims, by Type
87
CM-V-2.
- Total Claims, by Country
88
CM-v-3.
- Total Claims, by Type and Country
89
-
Foreign Purchases and Sales of Long-Term
Foreign Securities
- Net Foreign Transactions in Marketable
U.S. Treasury Bonds and Notes by Country....
CM-VI-4.
- Estimated Foreign Holdings of Marketable
U.S. Treasury Bonds and Notes by Country....
CM-VI-5.
- Net Foreign Transactions in Long-Term
Domestic Bonds
CM-VI-6.
CM-VI-7.
.
90
91
FCP-IV-1.
- Nonbanking Firms'
FCP-IV-2.
- Weekly Bank Positions
105
FCP-IV-3.
- Consolidated Monthly Bank Positions
lrl6
FCP-V-I.
- Nonbanking Finns'
FCP-V-2.
- Weekly Bank Positions
92
- Net Foreign Transactions in Long-Term
Foreign Bonds by Country
95
CM-VI-9.
- Foreign Purchases and Sales of Long-
Foreign Transactions in Foreign
Stocks by Country
Term Securities, Latest Date
98
PCP-VI-1.
-
- Weekly Bank Positions
108
FCP-VT-3.
- Consolidated Monthly Bank Positions
109
Nonbanking Firms' Positions
FCP-VII-1. - Nonbanking Firms' Positions
FCP-VII-2. - Weekly Bank Positions
no
no
FCP-VII-3. - Consolidated Monthly Bank Positions
in
FCP-VIII-1
.-
Nonbanking Firms' Positions
112
FCP-VIII-2
.-
Weekly Bank Positions
112
FCP-VTII-3
.-
Consolidated Monthly Bank Positions
113
UNITED STATES DOLLAR POSITIONS ABROAD
Nonbanking Firms' Foreign Subsidiaries*
Positions
FCP-IX-2.
- Weekly Bank Foreign Office Positions
FCP-IX-3.
-
Monthly Bank Foreign Office Positions
114
114
115
FOREIGN CURRENCIES ACODIRED BY THE U.S.
- Nonbanking Firms'
FCP-I-2.
- Weekly Bank PoBit Ions
100
FCP-I-3.
- Monthly Bank Positions
[0 o
WITHOUT PAYMENT OF DOLLARS
100
FC-1.
- Summary of Foreign Currency Transactions
FC-2.
- Foreign Currency Transactions, Country Uses..
118
FC-3.
- Foreign Currency Transactions, U.S. Uses
119
FC-4.
- Foreign Currency Transactions, Trust Funds...
119
118
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
CANADIAN DOLLAR POSITIONS
Weekly Bank Positions
108
SWISS FRANC POSITIONS
98
FCP-I-1.
Positions
\f)j
97
SUMMARY POSITIONS
Positions
107
FCP-VI-2.
-
FOREIGN CURRENCY POSITIONS
-
Positions
JAPANESE YEN POSITIONS
- Foreign Purchases and Sales of Long-Term
Securities, Latest Year.....
FCP-II-2.
Positions
STERLING POSITIONS
94
- Nonbanking Firms'
104
90
- Net Foreign Transactions in Domestic
Stocks by Country
- Net
FCP-II-I.
jo3
- Consolidated Monthly Bank Positions
93
CM-VI-8.
CM-VI-10.
FCP-III-3
103
- Weekly Bank Positions
ITALIAN LIRA POSITIONS
CLAIMS ON FOREIGNERS REPORTED BY NONBANKING
BUSINESS ENTERPRISES IN THE UNITED STATES
CM-VI-3.
.
84
- Total
CH-VI-2.
- Nonbanking Firms' Positions
,
FCP-III-2
GERMAN MARK POSITIONS
CM-IV-2.
TRANSACTIONS IN LONG-TERM SECURITIES BY FOREIGNERS
CM-VT-1.
- Foreign Purchases and Sales of Long-Term
Domestic Securities
102
FRENCH FRANC POSITIONS
- Dollar Liabilities to, and Dollar Claims
on, Foreigners in Countries and Area Not
FEDERAL CREDIT PROGRAMS
101
GA-II-1.
- Direct Sales and Repurchases of Loans
120
101
GA-II-2.
- Direct and Guaranteed Loans Outstanding
121
Cumulative Table of Contents
Note: Details of figures may not add to totals
because of rounding.
128
December 1981
III
TREASURY FINANCING OPERATIONS,
of
Uictlon of 2-Year Notes
November
On
JO,
i
auction
would
It
$4,750
The Notes offered were Treasury
12-1/8% was set after the determination as to which tenders
Tenders for the notes were received until 1:30 p.m., EST, November 18 and
rotaled $8,709 million, of which $4,751 million was accepted at yields ranging
100.130,
price
12.052,
lenders
were
accepted
12.22%,
price
99.836.
up
full
In
These
to
average
from
Reserve banks as agents
the average price
international monetary
foreign and
for
addition
process,
the
to
million
$669
accounts
Sovernraent
$4,751
million of
Federal
their
for
the
In
auction
price
average
the
at
hanks
Reserve
accepted
tenders
accepted
were
tenders
of
and
November
on
Also
million
136-day
of
were
tenders
25,
bills
The average bank discount rate
Invited
issued
be
to
approximately
for
December
$2,000
representing
1981,
7,
an
additional amount of bills dated April 23, 1981, maturing April 22, 1982.
million,
$4,939
which
of
Tenders were opened on December
was
million
$2,001
They totaled
1.
accepted.
The
average
The
bank
discount rate was 11.186%.
13-Week and 26-Week Bills
Treasury
weekly
regular
of
Issues
November
in
totaled
$37,600
million, and
about $3,550 million new cash.
raise
to
issues of $4,700 million.
four
there were
In
13-week series
the
In
there were
the 26-week series
Average rates for the new Issues are shown in
the following table.
from
account
own
bills
These issues were to refund bills maturing in the amount of $34,050
million.
four issues of '54,700 million.
authorities In exchange for maturing securities.
In
to
$7,318
was 10.656.
tenders
The $4,751 million of
tenders at
$680 million of
tenders also included
Federal
tenders
Competitive
accepted from private investors totaled S3, 056 million.
accepted
accepted
of
million.
$1,015
totaled
yield
totaled
They
1.
Issue was
The
1982.
December
on
opened
were
Noncompetitive
99.750.
price
12.27%,
the
at
maturing January 21,
1981,
23,
Tenders
cash.
issue was to raise new cash.
accepted on a yield auction basis.
from
new
million, of which S3, 000 million was accepted.
1981, due November 30, 1983,
Series X-1983, to be dated November 30,
interest payable on May 31 and November 30 in each year until maturity.
coupon rate of
rere
that
$4,225 million of notes maturing November
1981, and to raise $525 million new cash.
totes of
/1th
announced
Treasury
the
10
2-year notes to refund
of
illllon
bills dated July
raise
Annual average rate
(bank discount basis)
Date of Issue
in
exchange for maturing securities.
Tenders were received at Federal Reserve banks and branches and at the
Bureau of the Public Debt, Washington,
authorized
issued
be
to
In
Bearer and registered notes were
O.C.
denominations of
$10,000,
$5,000,
$100,000,
and
November
$1,000,000.
5
12.f>95
12
19
27
11.128
10.693
10.560
12.721
11.510
10.972
10.915
Auction of 5-Year 2-Month Notes
November
On
Treasury Notes of
15,
1987,
A coupon
to which tenders were
August
on
rate of
15
$ 3, 2
50
Treasury Bills (Other than Cash Management Bills)
1981,
2,
Treasury
due February
in each
15
year
12-3/4% was set after the determination as
accepted on a yield auction basis.
bills
on
sold
are
discount
a
Noncompetitive tenders
from 12.79%, price 99.699, up to 12.85%, price 99.476.
million
from
less
or
any
accepted
were
bidder
one
in
full
at
These totaled
price 99.550.
average yield of accepted tenders, 12.83%,
the
*5$74
Competitive tenders accepted from private investors totaled $2,680
million.
interest.
issued
are
series
All
entirely
addition
$170
to
the
million
$3,254
of
banks
Reserve
as
million of
accepted
tenders
tenders
were
accepted
at
agents
for
foreign
and
in
average
the
the
auction
price
International
from
monetary
authorities for new cash.
Bureau of the Public Debt, Washington, D.C.
Bearer and registered notes were
authorized to be issued in denominations of $1,000, $5,000, S10.000, $100,000,
Tenders
for
received
are
minimum
a
Reserve
Federal
at
for
banks
full
the
$10,000
over
Tenders
$10,000.
of
Payment
"55,000.
and
amount
par
be
must
allied
branches
F,ach
from
multiples
in
of
accompany all
must
for
and
tender must be
tenders submitted for hills to be maintained on the book-entry records of the
the
A cash adjustment will be made for the difference
On November 20 tenders were invited
3
issue
and
25.
for approximately $5,000 million of
to
was
to
refund
$4,513
million
364-day
of
totaled
$10,043
million,
which
of
maturing
Tenders were opened on
raise about $487 million new cash.
They
bills
$5,001
million
was
accepted, including $184 million of noncompetitive tenders from the public and
$1,340 million
for
of
the
themselves
authorities.
for bills
to
from incorporated banks and
dealers
recognized
and
investment
in
maintained on the book-entry records of Federal
be
A deposit
of
2
percent of the par amount of the
bills applied for must accompany tenders for such bills from others, unless an
guaranty
express
payment
of
incorporated
an
by
bank
An
bills issued at
and
as
additional
agents
$185
the average
for
foreign
million
was
price
and
to
monetary
foreign
official
to
are
accepted
for
full
In
Payment
issue,
for
accepted
the
at
13-week,
weighted
tenders
26-week,
average
price
must be made or completed on
Immraediately available
in cash or other
$500,000 or
and
52-week
accepted
of
the date of
funds or in a like par amount
of Treasury securities maturing on or before that date.
Payment for 13-week,
26-week, and 52-week bills may not be made by credit in Treasury tax and loan
accounts.
Nonmarketable Foreign Series Securities - Foreign Governments
denominated
foreign
series
The average bank discount rate was 10.506%.
institutions
In
November
Redemptions during
the
dollar
tenders were Invited for approximately $3,000 million of
45-day bills to be Issued December 7, 1981, representing an additional amount
million.
denominated
totaled
securities
million,
$616
month totaled S779 million.
Cash Management Bill s
On November 25,
each issue of
competitive bids for an Issue.
Dollar
Institutions for new cash.
bidder,
any one
from
Federal Reserve
international
Issued
company
trust
or
accompanies the tenders.
bills,
364-day Treasury bills to be dated December 3, 1981, and to mature December 2,
November
responsible
from
and
Noncompetitive tenders (without stated price), usually for
52-Week Bills
December
need accompany tenders
No deposit
companies
securities
less
The
auction.
trust
and $1,000,000.
banks
book-entry form in a minimum
individuals at the Bureau of the Public Debt, Washington.
Reserve banks and branches.
Tenders were received at Federal Reserve banks and branches and at the
1982.
in
between the par payment submitted and the actual issue price as determined In
process,
Federal
and
amount of $10,000 and in any higher $5,000 multiple, on the recordB either of
Department of the Treasury.
million.
In
competitive
the Federal Reserve hanks and branches, or of the Department of the Treasury.
totaled $8,252 million, of which $3,254 million was accepted at yields ranging
$1
under
basis
noncompetitive bidding, and at maturity their par amount Is payable without
Tenders for the notes were received until 1:30 p.m., EST, November 24 and
for
General
-
notes offered were
The
February
and
auction
would
It
be dated December
to
payable
that
raise new cash.
to
Series D-1987,
with interest
until maturity.
announced
Treasury
the
17
5-year 2-month notes
million of
foreign
series
(Details are shown on page
securities
43
•)
Issued
consisting
At
the end
outstanding
official
to
of
of
totaled
6
bills.
November,
$15,297
-
December 1981
.FEDERAL FISCAL OPERATIONS.
Table FFO-1. -
Summary
of
Fiscal Operation!
(In millions of dollars)
Budeet and Off-Budget results
Treasury Bulletin
FEDERAL FISCAL 0PERATL0N8
i
Footnotes to Table FFO-1
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Note:
Budget and Off-Budget estimates are based on the Fall Budget Program
released on September 24, 1981, by the Office of Management and Budget.
For detail see Table FFO-2.
1/
For detail see Table FFO-1.
2/
For detail see Table FFO-6.
3/
4/
Represents holdings of special drawing rights, less certificates
issued to Federal Reserve banks.
The joint Treasury-Office of Management and Budget press statement,
5/
released with the Monthly Treasury Statement, has adjusted these totals
to Include operating expenses and interest receipts of the Exchange
Stabilization Fund. The totals in the press release are $493.
billion for outlays and -S27.7 billion for the deficit.
Includes: Seigniorage; increment of gold; fiscal 1969 conversion 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, 1^73; Postal Service fund since July 1973; Federal
Financing Bank, since July 1974; housing for the elderly or handicapped
fund from August 22, 1974, through September 30, 1977; and Pension Benefit
Guaranty Corporation from September 17, 1974, through September 30,1980.
Prior year adjustments cannot be made because of unavailable Information.
Prior month adlustraents will be made as Information becomes available.
For detail see Table FD-5.
Not available.
December 1981
•
FEDERAL FISCAL OPERATIONS.
Table FFO-2. - Budget Receipts by Source
(
In millions of dollars)
Social Insurance
taxes and contributions
Income taxes
Fiscal year
or month
Employment taxes and contributions
Corporation
Individual
Net
budget
Net
receipts
Withheld
1/
Other
Refunds
Net
Gross
Refunds
Income
taxes
Old-age, disability, and
hospital Insurance
Gross
Refunds
479
Net
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
232,225
264,932
280,997
300,006
81,773
357,762
401,997
465,955
520,056
602,612
98,093
112,092
122,071
123,441
32,950
144,857
165,254
195,331
223,763
256,007
27,019
30,812
34,328
35,528
6,809
42,062
47,804
56,215
63,785
76,844
21,866
23,952
34,013
27,367
958
29,293
32,070
33,705
43,479
47,299
103,246
118,952
122,386
131,603
38,801
157,626
180,988
217,841
244,069
285,551
39,045
41,744
45,747
46,783
9,809
60,057
65,380
71,448
72,380
73,733
2,893
3,125
5,125
5,374
1,348
5,164
5,428
5,771
7,780
12,596
36,153
38,620
40,621
41,409
8,460
54,892
59,952
65,677
64,600
61,137
139,153
157,571
163,007
172,204
47,175
212,512
240,940
283,518
308,669
346,688
54,166
65,016
74,075
78,792
21,475
90,701
102,589
118,521
136,960
161,052
1982 (Est.)
666,250
287,344
72,211
53,455
306,100
76,541
8,694
67,847
373,947
185,611
185,035
1980-Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
Hay
June
July
Aug
Sept
Oct
38,923
39,175
48,903
52,214
38,394
44,623
74,464
38,514
70,688
48,142
47,976
60,594
45,467
20,237
20,379
22,844
20,896
19,080
22,349
20,539
20,267
23,005
23.967
21,150
21,291
21,817
1,454
673
1,130
10,121
1,134
3,754
30,764
2,451
11,682
2,228
1,277
10,155
1,283
541
201
2,598
1,774
10,155
2,826
1,816
10,203
10,899
1,894
16,411
2,721
2,397
10,040
2,934
1,314
,284
771
1.003
768
667
1,252
1,617
1,528
883
618
1,007
790
1,381
1,669
9,387
2,158
22,435
21,854
33,112
33,122
9,626
10,774
10,055
564
545
21,150
20,851
23,725
30,964
15,348
13,693
38,659
10,496
33,729
24,439
21,615
30,882
22,555
9,626
10,774
10,055
12.914
14,631
14,775
17,738
15,057
13,865
13,101
14,561
13,433
14,261
Fiscal 1982
do date
45,467
21,817
1,283
545
22,555
2,934
1,669
269
54
4,867
12,410
12,644
12,222
958
1,756
813
Social insurance taxes and contributions
Employment taxes and contributions
— Con.
I
564
8,586
9,371
1,011
15,792
1,715
1,607
8,659
1,265
15,912
22,279
48,030
11,508
49,521
26,153
23,222
39,540
23,820
535
J60
408
400
518
636
507
515
12,014
14,634
14,775
17,738
15,057
14,380
13,101
14,563
13,433
14,261
— Continued
Unemployment Insurance
Net contributions for other
insurance and retirement
Railroad retirement accounts
Fiscal year
or month
Net
Gross
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
1,190
1982 (Est.).
1980-Oct
Nov....
Dec...
1981-Jan....
Feb....
Mar
Apr....
May....
June. .
July...
Aug....
Sept...
Oct....
Fiscal 1982
to date.. .
Refunds
employment
taxes and
contributions
Net
unemployment
insurance
Federal
supplementary
medical
insurance
Federal
employees
retirement
Other
retirement
53,687
64,481
73,715
78,384
21,475
90,310
102,071
117,884
136,453
160,536
Treasury Bulletin
.FEDERAL FISCAL OPERATIONS
Teble FFO-2. - Budget Receipt! by Source-Continued
(In millions of dollars)
December 1981
FEDERAL FISCAL OPERATIONS
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Treasury Bulletin
FEDERAL FISCAL OPERATIONS
Tabic FFO-8. - Budget Outlays by Agency
(In millions of dollars)
LegisFiscal year
or month
7
December 1981
FEDERAL FISCAL OPERATIONS
Table FFO-8.
-
Budget Outlays by Agency-Continued
(In millions of dollars)
Treasury Department
Fiscal year
or month
Justice
Department
Labor
Depart
raent
-
State
De part-
Transportation
Department
Interest
8
Treasury Bulletin
'FEDERAL FISCAL OPERATIONS.
Table FFO-4. - Undistributed Offsetting Receipts
(In millions of dollars)
Federal employer contributions to retirement funds
Health and
Human Services
Fiscal year
or month
1973
Federal old-age,
disability, and
hospital Insurance
Office of
Personnel
Management
Civil service
retirement and
disability fund
816
2,101
1975
1976
T.Q
1977
1978
1979
1980
1981
911
1,082
1,138
294
1,152
1,266
1,342
1,453
1,762
1,756
1,918
2,080
1982 (Est.)
19"
1980-Oct
Nov
Dec
1981-Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Fiscal 1982
to date
Other 1/
Total
10
652
2,927
3,319
3,980
4,242
592
2,192
2,427
2,511
2,822
3,043
4,548
4,863
5,271
5,786
6.371
2,055
3,240
1,875
7,170
128
129
128
141
141
284
141
160
Soldiers' and
Airmen's Home
permanent
fund
980
1.024
99
1,204
1,170
1,417
1,512
1,566
146
146
146
152
182
182
160
Interest credited to certain Government accounts
Defense
Department
985
Health and Human Services
December 1981
.FEDERAL FISCAL OPERATIONS.
Table FFO-6.
-
Budget Outlays by Function!
(In millions of dollars)
FY 1981
National defense
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
International affairs
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
Oct.
Nov.
Dec.
13,167
-137
11. 945
Feb.
Hay
Apr.
Mar.
Jan.
1982
FY
July
June
Aug.
Sept.
Oct.
Comparable
period
fiscal
1980
Cumulatlve to
date It
13,851
-14
14,774
-86
13,675
-142
13,861
166
14,815
-90
14,815
-90
13,167
-137
1
4
-9
-5
-2
-2
10
13,810
13,838
14,692
13,523
14,022
14,722
14,722
13,040
2,483
-784
-18
1,324
-587
2,662
-1,277
-12
1,500
-1,122
1,547
-762
1,650
-624
1,463
-447
-
-
1,937
-756
-198
1.650
-624
-
-7
-8
809
1,681
737
1,373
378
785
982
1,019
1,019
1,008
531
694
505
536
609
515
490
347
830
830
588
-*
-2
-*
-*
*
-1
531
691
505
536
609
515
490
347
830
830
588
13,326
-53
12,827
13,609
-131
-2
12,752
-144
-3
12,658
26
-2
14
-48
10
13,040
11,812
12,605
12,682
12,840
13,560
13,274
rl,463
-447
1,213
-539
951
1.487
-482
2,221
-1,412
-
2.783
-1,500
-33
-55
-8
rl,008
674
1,249
396
1,005
588
549
618
441
-*
-*
618
440
-1-1
-
13,912
-96
1-6
General science, space, and technology
—Outlays
Proprietary receipts from the public
*
588
Total
Energy
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
549
____----
r843
r-122
716
-89
923
-78
1,153
-238
1,063
-237
883
-408
1.038
-113
1,230
-124
1,386
1,090
-175
996
-67
1,025
-67
-6
1,309
-32
1,309
-32
843
-122
r722
627
845
915
826
475
924
1,106
1,320
914
929
1,018
1.276
1,276
722
rl,577
r-184
-19
1.366
-262
1,460
-109
1,287
-179
-14
1.298
-191
-14
1,201
-177
-7
1.346
-180
-26
1,243
-200
-26
1,307
-158
-17
1,287
-135
-18
-8
-1
1,432
-203
-35
1.398
-243
-23
1.724
-145
-17
1,724
-145
-17
1,577
-184
-19
rl,374
1,086
1,325
1,134
1,017
1,093
1,093
1.017
1,140
1,164
1,194
1,131
1,561
1,561
1,374
192
r27
868
1,386
2,937
407
-67
290
-80
536
-423
-31
46
-55
13
-263
-40
-147
11
-3
-16
-5
-1
16
860
-40
860
-40
192
27
r220
878
1,355
2,984
352
-53
-304
-150
274
-86
536
-407
820
820
220
rI90
-354
1,055
990
-198
-264
863
-634
1.157
1,157
190
-4
-*
-2
-*
-4
-*
-8
-3
-2
-48
-2
295
-3
380
-3
330
-2
-3
-4
-3
-3
-*
""*
-*
1.051
988
-203
377
321
-268
861
-51
292
-639
1.154
1,154
188
_-__-_--
Natural resourc es and environment
—Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
Outlays"
Proprietary receipts from the public
Total
Commerce and housing credit
Outlays
Proprietary receipts from the public
Intrabudgetary transactions
*
rl8S
Total
Transportation
—Outlays
Proprietary receipts from the public
Intrabudgetary transactions
Total
-357
2,115
-48
1,838
-30
1,911
-42
3,881
-71
1,500
-33
1.650
-44
1,723
-38
1,621
-40
1.883
-42
2,160
-40
-350
1,964
-39
1.921
-40
1,803
-76
1.803
-76
2,115
-48
r2,067
1.808
1,870
3,810
1.467
1,605
1,685
1,581
1,840
1,771
1,925
1,881
1.727
1,727
2,067
rl,017
-82
893
-39
782
85
675
-25
-29
909
-60
838
647
-39
-2
78
-27
1.081
-74
-17
1,081
-74
-17
1.017
-82
-25
700
-58
-24
643
-66
982
-14
-38
716
-14
-
867
620
782
844
687
929
677
617
641
990
990
935
Community and regional development
—Outlays
!
Proprietary receipts from the public
Intrabudgetary transactions
Total
Footnotes at end of table.
-1
-7
1.086
-103
-112
r935
847
872
7
24
-1
Treasury Bulletin
10
FEDERAL FISCAL operations
___,____________________________________
Table FFO-5.
Budget Outlays by Functions-Continued
-
(In millions of dollars)
FY 1981
FY 1982
Contpar-
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Curaulatlve to
Function
date 1/
Education, training, employment and
social services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
able
period
fiscal
1980
,
________
Totals
r2,948
2,22 3
2,462
3,030
2,862
-1
-1
-*
-*
-*
2,670
-4
2,565
2,677
2,133
2,404
2,649
1,955
2,656
2,656
2,948
-1
-*
-2
_
-1
-2
-*
-1
-
-1
-1
-1
_2
2,647
1,954
2,654
2,654
2,947
-7-4-4
7,304
7,304
6,136
3
3
1
2,947
2,223
2,461
3,029
2,862
2,666
2,564
2,677
2,131
2,400
6,136
5,520
6,584
6,194
6,100
7,155
6,951
6,339
6,790
7,190
1
6
-11
4
-1
-4
-1
-3
r-704
-636
-858
-688
-3
-682
-1,397
-687
-693
-664
-1,041
-1,035
-490
-1,032
-1,032
-704
r5,433
4,891
5,716
5,510
5,414
5,757
6,259
5,645
6,122
6,141
5,838
6,599
6,276
6,276
5,433
r20,010 17,2 56 19,968 19,441
19,540
19,273
19,286
18,6 50
20,484
19,67 5
18,936
19,837
20,902
20,902
Health
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
6,877
7,093
Income security
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Total
*
*
-*
-*
-*
-*
-1
-1
-*
-*
-*
-1
-1
20,010
-*
-31
-40 -1,024
-142
-744
-31
-518
-72
-1,676
-38
-79
-741
-54
-54
-31
rl9,980 17,216 18,944 19,299
18,795
19,241
18,768
18,576
18,806
19,637
18,857
19,095
20,847
20,847
19,980
2,010
1,083
-54
2,221
-52
1,718
-47
1,839
-52
3,047
-52
839
-49
2,062
-50
3,064
-50
3,064
-50
2,904
-45
-1
-*
-1
-1
-*
789
2,011
3,013
3,013
2,859
1-11
__
Veterans benefits and services
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
r2,904
-45
Total
-1
-*
-*
-1
-*
-*
-1
2,859
719
3,032
1,923
1,955
1,028
2,168
1,671
1,786
2,995
________
388
-1
385
_
_
349
383
383
*
-1
-*
-*
466
348
rill
-29
r-14
469
529
6
-11
-68
r2,035
-60
rl,976
382
393
-5
382
465
343
-5
-1
*
397
395
386
-*
386
-*
466
-*
386
387
466
382
388
376
465
343
388
386
397
397
388
-9
306
-17
430
-30
528
-15
603
-13
-23
-15
21
-7
-6
259
-2
-15
13,830
11
-11
463
-22
-15
753
-73
4^4
44*
356
425
749
310
393
506
242
581
210
4,596
-
1,320
-27
116
-
538
538
-3
-23
-23
-8-13,560
-7
-7
111
-29
-14
266
508
508
68
____
__
_*_**___
98
1,165
252
44
_
1,234
28.
179
1,39 3
_80
__
1,393
-80
2,035
-60
_
-3
- -4,570
1,293
113
98
1,166
252
44
1,234
28
179
1,314
1,314
1,976
r5,123
r-156
-80
5,810 11,335 5,549
-153
-160
-246
-318
-369 -1,481
6,600
-164
-35
6,002
-138
-29
6,653
-153
-76
7,238
12,216
-171
-371
6,852
-241
-446
7,582
-250
-11
6,602
-105
-5
-61
6,821
-123
-541
6,821
-123
-541
5,123
-156
-80
r4,887
5,338 10,805
3,822
6,400
5,835
6.423
7,023
11,674
6,164
7,320
6,436
6,157
6,157
4,887
r-3,160 -1,285 -7,400
-732
-838
-874
-949
-1,029
-8,023
-688
-3,652
-2,216
-1,039
-1,039
-3,160
J/ 1 55 598 48,049 56.2H2 59,099
53, 969
54,216
57,198
54,608
55,619
58,486
53,095
53,698
2/64,216 _2/64,216
_2/55,598
Total
Net budget outlays
466
-
Interest
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
Undistributed offsetting receipts
-54
-1
Total
Total
1,974
-50
*
Total
General purpose fiscal assistance
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
3,079
-47
-*
Administration of justice
Outlays
Proprietary receipts from the public...
Intrabudgetary transactions
General government
Outlays
Proprietary receipts from the public...
intrabudgetary transactions
770
-50
"
'
210
26
Source:
Monthly Treasury Statement of Receipts and Outlays of the
United States Government.
Monthly
totals may not add to cumulative due to budget reclassifications.
_!/
II
Includes off-budget outlays of S644 million,
*
Less than $500,000.
r
Revised.
-209
1
u
December 1981
.FEDERAL FISCAL OPERATIONS
,
Table FFO-6. - Investment Transactions of Government Accounts in Federal Securities (Net)
(In millions of dollars)
Health and Human Services
Fiscal year
or month
Federal
old-age and
survivors
Insurance
trust fund
Federal
disability
insurance
trust
fund
Federal
hospital
Insurance
trust fund
Housing and Urban Development Department
Federal
supplementary
medical
insurance
trust fund
Federal
Labor Department
12
Treasury Bulletin
FEDERAL FISCAL OPERATIONS'
Table FFO-7. - Trust Funds Transactions
October
1,
1981
through
October 30, 1981
(In millions of dollars)
Receipts In trust funds
Receipts of trust funds
Trust
lnterfund
and proprietary
receipts
Classification
(trust funds)
1/
(1)
Federal old-age and survivors
Insurance
Federal disability Insurance.
Federal hospital Insurance...
Federal supplementary medical
••
Insurance
Federal employees retirement.
Federal employees life and
health benefits
Federal Deposit Insurance
Corporation.
Airport and airway
General revenue sharing. . . . .
Highway
Black lung
Military assistance advances.
Railroad retirement
•
••
Unemployment.
Veterans life insurance
Ml other trust funds
Total
10,419
1,396
2,726
1,357
718
600
Outlays In trust funds
s
.
December 1981
13
.FEDERAL OBLIGATIONS.
"Obi i gat ions*'
are
the basis on which the use of funds
They are recorded
in the Federal Government.
is control led
at the point at which the Government makes a firm commi tmen
to
acquire goods
key
or services and are the
events- -order
characterize
,
del i very
,
payment
irs
t
of
the four
consumption- -which
,
the acquisition and use of resources.
they consist of orders placed
eral,
f
vices received,
,
t
In gen-
contracts awarded
,
Obligations
of categories
action without regard
salaries
for
bursement of money.
in
stage of Covernmen
gauging
the impac
for business
t
t
of
transactions is a
the Covernmen
firms the Government commi tmen
stimulates business investment,
and
employment
of labor.
t
wages
and
its ultimate purpose.
,
for example
,
itself
usually
are reported as per-
often
items.
do business with one
another; in doing so, the "buying" agency records obligations,
obi iga
,
t
ions tha
distinguished
from
Tables FO-2 and
which
for
its order but the order
immediate pressure on the
tr.in:.-
All payments
3
t
In Table
are incurred wi thin the Government are
those
incurred ou tside the
Government
show only those incurred outside.
'
including inventory purchases
after the Government places
causes
t
Disbursements may not occur
months
economy.
to
Federal agencies and firms
operations on the national economy, since it frequently represents
uniform set
and the "performing" agency records reimbursements.
The obligational
point
a
in current operations or in the construction of capital
FO-1
strategic
to
compensation, whe ther the personal services are used
sonnel
ser-
and simi lar transac tions requiring the dis-
are classified according
which are based upon the nature of the
private
Obligation
counts
were
data for the administrative budget fund ac-
first publ ished in the September 1^67 Treasury
Bulletin and the trust fund accounts were first published
the October
Bu
1
let in
adopted
,
1967
the
Bulletin.
Beginning with the April
da ta are on the basis of
pursuant
Commission on Budge
to
t
The July 1981 obligations data is not included in
this issue due to certain unavoidable delays in processing.
This data will be published in subsequent Bulletins.
the budge
the recommendations of
Concepts,
t
in
1968
coi
the President's
Treasury Bulletin
14
ACCOUNT OF THE
U.S.
TREASURY
Source and Availability of the Balance in the Account of the U.S. Treasury
Deposits to tax and loan accounts occur in the normal course of
business under a uniform procedure applicable to all financial institutions
whereby customers of financial institutions deposit with them tax payments
In most cases the
and funds for the purchase of Oovernraent securities.
transaction involves merely the transfer of funds from a customer's account
On
financial
Institution.
and
loan
account
In
the
same
to the tax
occasions to the extent authorized by the Treasury, financial Institutions
are premltted to deposit in these accounts proceeds from subscriptions to
public debt securities entered for their own account as well as for the
accounts of their customers.
the Treasury is maintained in Treasury's
The operating cash of
accounts with the Federal Reserve banks and branches and in tax loan
As the balances in the accounts at the Federal Reserve Banks
accounts.
become depleted, they are restored by calling in (Withdrawing) funds from
thousands of financial institutions throughout the country authorized to
maintain tax and loan accounts.
,
the Treasury implemented a program on
Under authority of P.L. 95-147
November 2
to Invest a portion of its operating cash in obligations
1978
Under the Treasury Tax
of depositaries maintaining tax and loan accounts.
and Loan Investment program, depositary financial institutions select the
Depositaries that
manner in which they will participate in the program.
wish to retain funds deposited in their tax and loan accounts in Interestbearing obligations participate under the Note Option; depositaries that
wish to remit the funds to the Treasury's account at Federal Reserve banks
participate under the Remittance Option.
,
,
,
Table UST-1.
-
The tax and loan system preraits the Treasury to collect fund through
financial institutions and to leave the funds in Note Option depostaries
and In the financial communities in which they arise until such time as the
In this way the Treasury is
Treasury needs the funds for its operations.
able to neutralize the effect of Its fluctuation operations on Note Option
financial Institution reserves and the economy.
Status of the Account of the U.S. Treasury
(In millions of dollars)
Treasury operating balance
Funds in process
of collection
1/
through
End of
fiscal year
or month
Available funds in
demand accounts at:
Total
Federal
Reserve
banks
Treasury tax
and loan note
accounts
Other
depositaries 2/
3/
Federal
Reserve
Other
depositaries 4/
Time deposits
and other
interestbearing
demand
accounts
Coin
Other
demand
account
December 1981
15
.ACCOUNT OF THE
Table UST-2.
-
Elements of Changes
in
U.S.
TREASURY.
Federal Reserve and Tax and Loan Note Account Balances
(In millions of dollars)
Credits and withdrawals
Federal Reserve accounts
Fiscal year
or month
Tax and loan note accounts
1/
Proceeds from sales of securities 4/
Received
directly
Received
through remlttance option
tax and loan
depositaries
withdrawals
-
1973
1974
1975
1976
725,280
810,481
209,7 58
875,071
952,116
983,693
1,165,226
1,372,394
54,068
64,047
80,177
1980-Nov
Dec
96 ,750
107,333
5,485
6,988
1981-Jan
Feb
Mar
Apr
May
June
112,932
107,198
119,121
148,202
111,375
132,073
5,924
6,018
7,158
7,439
6,337
8,250
July
Aug
Sept
111,136
112,817
112,950
105,885
118,667
6,801
6,525
7,729
6,782
6,659
T.Q
1977
1978
1979
1980
1981
Oct
Nov
V
Marketable
Issues
Nnnmarketahle
Issues 5/
Taxes 6/
Total
credits
Withdrawals
(transfers to
Federal Reserve
accounts)
16
Treasury Bulletin
ACCOUNT OF THE
Table UST-3.
-
U.S.
TREASURY.
Gold Assets and Liabilities of the Treasury
(In millions of dollars except ounces)
Gold assets 1/
End of calendar year or month
Gold liabilities
273,950,419.3
273,954,660.5
275,968,413.1
274,705,260.3
274,679,167.8
277,544,111.9
276,420,310.8
264,601,798.2
1972
1973
1974
1975
1976
1977
1978
1979
1980-Nov..
Dec.
264,354,317.0
264,318,385.8
1981-Jan..
Feb..
Mar..
Apr..
May..
June.
264,299,249.2
264,220,521.9
264,184,399.4
264,166,565.4
264,166,547.3
264,167,693.7
July.
Aug..
Sept.
Oct..
Nov..
264,168,053.8
264,168,047.8
264,126,046.2
264,119,113.7
264,115,348.7
Source:
Dally Treasury Statement through June 1974, Bureau of Government
Financial Operations thereafter.
Treasury gold stock which excludes gold held by the Exchange Stabili1/
zation Fund (ESF).
See "International Financial Statistics," Table
IFS-1.
Gold assets were valued at S38 per fine troy ounce until October
2/
18, 1973, when they were revalued at S42.22 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 S 1
57 million.
, 1
2/
Balance of gold In
U.S. Treasury account
107
107
11
December 1981
MONETARY STATISTICS,
Table MS-1.
-
Currency and Coin
in Circulation
(In millions of dollars except per capita figures)
Currencies Presently
Currencies no longer Issued
End of
fiscal
or month
Federal
Reserve
bank
notes
National
bank
notes
Cold
certiflca tes
1/
Silver
certificatea
Federal
Reserve
notes 2/
Treasury
notes of
1890
Treasury Bulletin
18
.FEDERAL DEBT.
Table FD-1.
-
Summary
of Federal Debt
(In millions of dollars)
Amount outstanding
End of
fiscal year
or month
Securities held by:
.
December 1981
19
FEDERAL DEBT
Table FD-3.
-
Interest-Bearing Public Debt
(In ml
Total
End of
fiscal year
or month
1
lions of dollars)
Treasury Bulletin
20
FEDERAL DEBT.
Table FD-4.
-
Government Account Series
(In millions of dollars)
End of
fiscal year
or month
Airport and
December 1981
21
.FEDERAL DEBT.
Table FD-5.
-
Interest-Bearing Securities Issued by
(
In
millions of dollars)
Government Agencies
Treasury Bulletin
22
FEDERAL DEBT
rD-6. - Participation Certificates
(In millions of dollars - face amounts)
Export-Import Bank
Participation certificates Issued by GNMA acting as trustee
of the United States
Education
Department 1/
End of
fiscal year
or month
Sales
1973
1974
1975
1976
Retirements
42
327
T.Q
1977
1978
1979
1980
1981
1980-Oct..
Nov..
Outstanding
576
250
250
250
250
250
250
250
250
250
Dec.
250
250
250
1981-Jan.
Feb..
Mar..
Apr..
May..
June.
250
250
250
250
250
250
July.
Aug..
Sept.
Oct..
250
250
250
250
Sales
Retirements
440
nutstanding
Sales
Retirements
Outstanding
Health and
Human Services
Department V
Farmers Home
Administration 2/
Sales
Retirements
Outstanding
Sales
Retirements
Outstanding
23
December 1981
.FEDERAL DEBT.
Table FD-7.
-
Maturity Distribution and Average Length of Marketable Interest-Bearing Public Debt
Held by Private Investors
(
Tn
millions of dollars)
Maturity classes
End of
fiscal year
or month
Amount
Treasury Bulletin
24
FEDERAL DEBT
Table FD-9. - Status and Application of Statutory Limitation
Liberty
Second
The
Bond
Act
U.S.C.
(31
757b),
authority
under
that
of
obligations guaranteed
United
States,
as
shall
and
act,
principal
to
exceed
not
billion outstanding at any time.
that
30,
beginning on October
1982,
the
Statutory
1,
debt
limit
by
aggregate
the
and
amount
Interest
and
In
of
be
act
the
June
of
face
participations
National
Mortgage
1717(c))
during the
temporarily
time
shall
be
30,
beneficial
of
section
under
Association
to
302(c)
Charter
provides
90-39)
interests
of
Act
and
the
Federal
(12
U.S.C.
year 1968 and outstanding at any
fiscal
added
Law
(Public
1967
amount
Issued
the
ending on September
shall
that
$400
Law 97-49 provides
Public
1981,
face
the
The
as
amended, provides that the face amount of obligations issued
the
amount
otherwise
taken
into
account in determining whether the requirements of the above
provisions are met.
increased by $679-8 billion.
Part A.
-
Status Under Limitation,
November
30,
1981
(In millions of dollars)
Public debt subject to limit:
Public debt outstanding
Less amounts not subject to limit
Treasury
Federal Financing Bank.
SI, 013, 303
606
(*)
...•
Total public debt subject to limit
Other debt subject to limit:
Guaranteed debt of Government agencies.
Specified participation certificates
Total other debt subject to limit
420
1,135
1,555
..*.....................
Total debt subject to limit
Statutory debt limit
Balance of statutory debt
Unit
•
Part B. - Application of Statutory Limitation,
November
30,
1981
Amount outstanding
Classification
Interest-bearing debt:
Marketable:
Bills:
Treasury
$233,905
Notes:
Treasury
370, 794
Bonds:
100,119
Treasury
704. 819
Total marketable
Nonmarketable:
Depositary series.......
•
Foreign series:
Government:
Dollar denominated
Public:
Foreign currency denominated
Government account 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
15,297
5,012
195,541
19
23,022
43
169
•
67,739
269
307
Total interest-bearing debt
Non-lnterest-bearing debt:
Matured debt
Other
Total non-interest-bearing debt
Total public debt outstanding
1,013,303
December 1981
25
FEDERAL DEBT.
Table FD-10.
-
Treasury Holdings of Securities Issued by Government
Corporations and Other Agencies
(In millions of dollars)
Treasury Bulletin
26
FEDERAL DEBT
Footnotes to Table FD-10
Source:
Bureau of Government Financial Operations.
Note:
These securities were issued to the Treasury In exchange for advances by the Treasury from public debt receipts under congressional
authorizations for specified Government corporations and other
agencies to borrow from the Treasury. Further detail may be found
In the 1980 Statistical Appendix to Annual Report of the Secretary
of the Treasury, pages 458-464 and the 1980 Combined Statement of
Receipts, Expenditures and Balances of the United States Government,
pages 578-579.
Figures Include notes previously
Includes predecessor agencies.
1/
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".
Farm housing and other loan programs, Agricultural Credit Insurance
2/
Fund, Rural Housing Insurance Fund, and Rural Development Insurance
Fund.
Includes securities transferred from the Reconstruction Finance
3/
Corporation.
As of May 1980, the college housing loan program was transferred to
4/
the Department of Education.
Consists of notes Issued to borrow f or public facility loans low
5/
rent public housing fund; and housing for the elderly or
handicapped.
Consists of liabilities taken over by the Association from the
6/
Secretary in accordance with the act approved August 2, 1954, and
;
;
notes Issued by the Association under authority of that act (12 U.S.
1719 (c), 1720 (d), and 1721 (d) and also securities transferred
from the Reconstruction Finance Corporation.
Consists of noteB of:
The Administrator, General Services
Administration, for defense materials procurement; the Secretary of
Agriculture; the Secretary of the Interior (Defense Minerals
Exploration Administration).
International Communication Agency
Consists of notes issued by the:
for informational media guaranties (see footnotes 1); Secretary of
Commerce (Maritime Administration) for the Federal Ship Mortgage
Insurance Fund and Federal Ship Financing Fund (NOAA); Virgin Island
Corporation; District of Columbia Commissioners for the Stadium
sinking fund; Secretary of the Interior (Bureau of Mines) for
development and operation of helium properties Bureau of Commercial
Fisheries for Federal ship mortgage insurance fund, fishing vessels;
revenue bonds for Smithsonian Institution (John F. Kennedy Center
Parking Facilities); Secretary of Transportation (Washington
Metroplltan Area Transit Authority); Health, Education, and Welfare,
Office of Education (student loan Insurance fund); Pension Benefit
Guaranty Corporation; Federal Railroad Administration, rail service
assistance, and regional rail reorganzatlon; Bonneville Power
Administration; Secretary of Energy; General Services Administration
(Pennsylvania Avenue Corporation); advances for the national flood
Insurance fund; and disaster loan fund ( SBA)
Outstanding loans cancelled pursuant to Public Law 93-426 dated
September 30, 1974.
C.
;
27
December 1981
^^^™^^~^™""^~^™~~
Table PDO-1.
-
PUBLIC DEBT OPERATIONS
Maturity Schedule of Interest-Bearing Marketable Public Debt Securities
Other than Regular Weekly and 52-Week Treasury Bills Outstanding
November 80, 1981
(
In
millions of dollar3
28
Treasury Bulletin
.PUBLIC DEBT OPERATIONS.
Table PDO-2.
-
Offerings of Bills
(Amounts In millions of dollars)
Description of new issue
Issue date
Number of
days to
maturity
Maturity
date
Regular weekly:
(13-week and 26-week)
1981-Aug.
6
13
20
27
Sept.
3
10
17
24
Oct.
1
8
15
22
1981-Nov.
1982-Feb.
1981-Nov.
1982-Feb.
1981-Nov.
1982-Feb.
1981-Nov.
1982-Feb.
1981-Dec.
1982-Mar.
1981-Dec.
1982-Mar.
1981-Dec.
1982-Mar.
1981-Dec.
1982-Mar.
5
12
19
27
6
Dec.
4
1981-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
25
3
4
10
II
17
18
24
25
31
7
1
8
Ian.
14
Apr.
15
21
Ian.
Ian.
Feb.
May
Feb.
May
Feb.
May
Feb.
May
52-weeks:
1980-Nov.
19
Ian.
Apr.
Apr.
Nov.
11
18
27
1981-Dec.
1982-Apr.
Apr.
29
91
12
1981-Nov.
Dec.
2
Dec.
29
26
26
23
21
1982-Jan.
22
28
29
4
6
11
13
18
20
25
27
5
3
25
25
22
20
18
Feb.
Mar.
Apr.
May
June
16
July
15
13
Aug.
Sept.
Oct.
Nov.
12
9
10
8
5..
17
1/
Amount of
bids
tendered
Amounts of bids accepted
Total
amount
On com-
On noncora-
petltlve
basis 2/
petitive
basis 3/
Amount
maturing on
issue date
of new
offering
Total
unmatured
Issues outstanding after
new Issues
December 1981
29
PUBLIC DEBT OPERATIONS
Table PDO-2.
-
Offerings of Bills
-
.
Continued
Cm competitive hlds accepted
On total bids accepted
Issue
date
Regular weekly
1981 -Aug.
High
Average price
per hundred
Equivalent average
rate
J*/
Price per hundred
Equivalent rate kj
Price per hundred
Equivalent rate
J*J
30
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-3.
-
New Money Financing through Regular Weekly Treasury
(Dollar amounts In millions)
Description of Issue
Issue
date
Maturity
date
Number of
days to
ma t u r 1 1 y
Amount
of bids
tendered
Amount
Bills
1/
December 1981
31
PUBLIC DEBT OPERATIONS
Table PDO-3
-
New Money Financing through Regular Weekly Treasury
(
Dollar amounts In millions)
Description of Issue
Issue
date
Maturity
date
Number of
days to
maturity
Amount
of bids
tendered
Bills
U
-
Continued
Treasury Bulletin
32
PUBLIC DEBT OPERATIONS'
Table PDO-4. - Offerings of Public Marketable Securities Other than
Regular Weekly Treasury Bills
(Dollar amounts In millions)
Date subscrip-
)
December 1981
33
'PUBLIC DEBT OPERATIONS'
Table PDO-4. - Offerings of Public Marketable Securities Other
than
Regular Weekly Treasury Bills-Continued
(Dollar amounts In mil 1 1 one
Date subscri
Treasury Bulletin
34
PUBLIC DEBT OPERATIONS.
PDO-4
Footnotes to Table
Source:
Bureau of Che Public Debt.
All securities except EA & EO notes were sold at auction
Note:
through competitive and noncompetitive bidding.
1/ For maturing issues, see Table PDO-7.
2/ For bill Issues, always sold at auction, the rate shown is the
equivalent average rate (bank discount basis) of accepted bids.
Other securities issued at par except those sold at auction. For
details of bill offerings see Table PDO-2.
3/ From date of additional issue in case of a reopening.
4/ In reopenings the amount Issued is In addition to the amount of
original offerings.
5/ Yields accepted ranged from 11.62% (price 100.014) up to 11.64%
(price 99.958) with the average at 11.641 (price 99.958).
6/ Yields accepted ranged from 10.70% (price 100.303) up to 10.79%
(price 99.759) with the average at 10.75% (price 100.000).
7/ Yields accepted ranged from 10.39% (price 99.863) up to 10.48%
(price 99.045) with the average at 10.44% (price 99.407).
8/ Yields accepted ranged from 12.18% (price 99.905) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
9/ Yields accepted ranged from 10.28% (price 100.389) up to 10.49%
(price 99.532) with the average at 10.40% (price 99.898).
10/ Yields accepted ranged from 11.42% (price 99.922) up to 11.44%
11.43% (price 99.904).
(price 100.353) up to 10.60%
10.52% (price 99.936).
(price 99.352) up to 10.61%
10.60% (price 99.204).
13 / Yields accepted ranged from 11.50% (price 100.000) up to 11.53%
(price 99.948) with the average at 11.52% (price 99.965).
14 / Yields accepted ranged from 11.87% (price 100.014) up to 12.00%
(price 99.651) with the average at 11.98% (price 99.707).
15 / Yields accepted ranged from 11.98% (price 99.932) up to 12.05%
(price 99.599) with the average at 12.02% (price 99.742).
16/ Yields accepted ranged from 11.78% (price 99.754) up to 11.87%
(price 99.021) with the average at 11.84% (price 99.264).
17 / Yields accepted ranged from 13.91% (price 99.941) up to 14.00%
(price 99.788) with the average at 13.98% (price 99.822).
_18/ Yields accepted ranged from 14.20% (price 100.443) up to 14.50%
(price 99.365) with the average at 14.39% (price 99.758).
19/ Yields accepted ranged from 14.94% (price 100.101) up to 15.07%
(price 99.883) with the average at 15.01% (price 99.983).
20 / Yields accepted ranged from 14.20% (price 100.149) up to 14.33%
(price 99.763) with the average at 14.29% (price 99.881).
21/ Yields accepted ranged from 12.60% (price 100.092) up to 12.72%
(price 99.293) with the average at 12.69% (price 99.492).
22 / Yields accepted ranged from 11.41% (price 99.939) up to 11.46%
(price 99.852) with the average at 11.44% (price 99.887).
2 3 / Yields accepted ranged from 9.28% (price 99.816) up to 9.35% (price
99.623) with the average at 9.32% (price 99.706).
24/ Price accepted ranged from 106.10 (yield 9.75%) down to 104.84
(yield 9.95%) with the average at 105.27% (yield 9.88%).
25/ Yields accepted ranged from 10.08% (price 99.248) up to 10.18%
(price 98.322) with the average at 10.12% (price 98.876).
26 / Yields accepted ranged from 9.29% (price 100.151) up to 9.40% (price
99.956) with the average at 9.37% (price 100.009).
27/ Yields accepted ranged from 9.56% (price 100.177) up to 9.69%
(price 99.654) with the average at 9.66% (price 99.775).
28 / Yields accepted ranged from 8.55% (price 100.135) up to 8.65% (price
99.955) with the average at 8.63% (price 99.991).
29 / Yields accepted ranged from 8.94% (price 99.785) up to 9.01% (price
99.555) with the average at 8.99% (price 99.62 1).
30/ Yields accepted ranged from 10.40% (price 99.813) up to 10.44%
(price 99.515) with the average at 10.42% (price 99.664).
31 / Yields accepted ranged from 8.92% (price 99.919) up to 9.00% (price
99.776) with the average at 8.97% (price 99.830).
32/ Yields accepted ranged from 9.85% (price 99.955) up to 9.90% (price
99.818) with the average at 9.88% (price 99.873).
33 / Yields accepted ranged from 10.73% (price 100.121) up to 10.85%
(price 99.399) with the average at 10.81% (price 99.639).
34 / Prices accepted ranged from 97.40 (yield 10.66%) down to 96.18
(yield 10.80%) with the average at 96.91 (yield 10.71%).
35 / Yields accepted ranged from 11.18% (price 99.904) up to 11.26%
(price 99.765) with the average at 11.24% (price 99.799).
36/ Yields accepted ranged from 11.69% (price 100.103) up to 11.78%
(price 99.759) with the average at 11.76% (price 99.835).
37 / Yields accepted ranged from 11.85% (price 100.043) up to 11.96%
(price 99.853) with the average at 11.93% (price 99.905).
38/ Yields accepted ranged from 12.05% (price 100.233) up to 12.15%
(price 99.923) with the average at 12.13% (price 99.985).
39 / Yields accepted ranged from 11.48% (price 100.088) up to 11.75%
(price 98.197) with the average at 11.61% (price 99.171).
40 / As a result of correcting an overstatement by a Federal Reserve Rank
of the amount of noncompetitive tenders received, the total amount
of accepted tenders was changed from $4,500 million to S4,315
million.
Neither the average yield nor the amount or range of
competitive tenders was affected.
41 / Yields accepted ranged from 12.19% (price 99.888) up to 12.26%
(price 99.767) with the average at 12.24% (price 99.801).
42/ Yields accepted ranged from 13.09% (price 100.438) up to 13.40%
(price 99.592) with the average at 13.31% (price 99.837).
43/ Yields accepted ranged from 12.95% (price 100.276) up to 13.12%
(price 99.342) with the average at 13.07% (price 99.616).
(price 99.887) with the average at
11/ Yields accepted ranged from 10.39%
(price 99.681) with the average at
12/ Yields accepted ranged from 10.58%
(price 99.130) with the average at
44 / Yields accepted ranged from 12.69% (price 100.461) up to 12.87%
(price 99.090) with the average at 12.81% (price 99.543).
(price 99.941) up to 14.02%
45/ Yields accepted ranged from 13.91%
(price 99.755) with the average at 13.99% (price 99.805).
(price
ranged
from
13.40%
100.211) up to 13.54%
46/ Yields accepted
(price 99.698) with the average at 13.52% (price 99.771).
(price 99.992) up to 15.18%
15.15% (price 99.958).
(price 100.209) up to 14.06%
14.03% (price 99.910).
Yields accepted ranged from 12.38% (price 99.957) up to 12.50%
(price 99.407) with the average at 12.49% (price 99.453).
Yields accepted ranged from 11.77% (price 99.787) up to 11.84%
(price 99.255) with the average at 11.82% (price 99.407).
Yields accepted ranged from 13.65% (price 99.958) up to 13.71%
(price 99.856) with the average at 13.69% (price 99.890).
As a result of correcting an understatement by a Federal Reserve
Bank of the amount of competitive tenders received, the total
amounts of tenders received and accepted were Increased by $100
million. The average yield was not affected.
Yields accepted ranged from 13.32% (price 99.809) up to 13.40%
(price 99.592) with the average at 13.37% (price 99.673).
Prices accepted ranged from 100.85 (yield 12.83%) down to 100.25
(yield 12.94%) with the average at 100.50 (yield 12.89%).
Prices accepted ranged from 100.81 (yield 12.63%) down to 100.26
(yield 12.70%) with the average at 100.43 (yield 12.68%).
Yields ranged from 13.94% (price 99.890) up to 14.00% (price 99.789)
with the average at 13.97% (price 99.839).
Yields ranged from 13.74% (price 99.865) up to 13.74% (price 99.610)
with the average at 13.79% (price 99.683).
Yields accepted ranged from 12.61% (price 100.026) up to 12.68%
(price 99.905) with the average at 12.65% (price 99.957).
Yields accepted ranged from 13.46% (price 99.744) up to 13.51%
(price 99.953) with the average at 13.49% (price 99.653).
Yields accepted ranged from 13.13% (price 99.870) up to 13.26%
(price 98.963) with the average at 13.21% (price 99.310).
Yields accepted ranged from 13.24% (price 100.025) up to 13.39%
(price 99.355) with the average at 13.34% (price 99.577).
Yields accepted ranged from 14.35% (price 100.253) up to 14.63%
(price 99.781) with the average at 14.51% (price 99.983).
Yields accepted ranged from 15.79% (price 99.907) up to 15.82%
7prlce 99.838) with the average at 15.81% (price 99.861).
Yields accepted ranged from 14.44% (price 100.312) up to 14.60%
(price 99.482) with the average at 14.56% (price 99.689).
Yields accepted ranged from 13.85% (price 100.177) up to 14.01%
(price 99.053) with the average at 13.99% (price 99.192).
Yields accepted ranged from 15.70% (price 99.876) up to 15.74%
(price 99.809) with the average at 15.72% (price 99.842).
Yields accepted ranged from 13.84% (price 100.131) up to 14.02%
(price 99.460) with the average at 13.95% (price 99.720).
Yields accepted ranged from 14.69% (price 99.891) up to 14.74%
(price 99.807) with the average at 14.72% (price 99.840).
Yields accepted ranged from 13.98% (price 100.060) up to 14.06%
(price 99.821) with the average at 14.04% (price 99.881).
Yields accepted ranged from 13.36% (price 100.004) up to 13.49%
(price 99.108) with the average at 13.45% (price 99.382).
Yields accepted ranged from 13.95% (price 100.199) up to 14.14%
(price 99.369) with the average at 14.07% (price 99.674).
Yields accepted ranged from 15.88% (price 99.992) up to 15.95%
(price 99.876) with the average at 15.92% (price 99.925).
Yields accepted ranged from 15.94% (price 99.870) up to 15.97%
(price 99.795) with the average at 15.96% (price 99.820).
Yields accepted ranged from 14.93% (price 99.719) up to 15.02%
(price 99.262) with the average at 14.98% (price 99.465).
Prices accepted ranged from 98.99 (yield 14.00%) down to 98.46
(yield 14.08%) with the average at 98.58 (yield 14.06%).
Yields accepted ranged from 16.20% (price 100.083) up to 16.28%
(price 99.950) with the average at 16.26% (price 99.983).
Yields accepted ranged from 16.05% (price 100.043) up to 16.19%
(price 99.561) with the average at 16.14% (price 99.733).
Yields accepted ranged from 16.03% (price 99.950) up to 16.17%
(price 99.719) with the average at 16.12% (price 99.802).
Yields accepted ranged from 15.89% (price 99.957) up to 15.93%
(price 99.842) with the average at 15.91% (price 99.899).
Yields accepted ranged from 15.72% (price 100.062) up to 15.82%
(price 99.458) with the average at 15.78% (price 99.699).
Yields accepted ranged from 15.33% (price 100.186) up to 15.44%
(price 99.725) with the average at 15.40% (price 99.892).
Yields accepted ranged from 15.53% (price 99.950) up to 15.59%
(price 99.851) with the average at 15.56% (price 99.900).
Yields accepted ranged fromm 14.36% (price 100.036) up to 14.46%
(price 99.799) with the average at 14.43% (price 99.870).
Yields accepted ranged from 14.33% (price 99.582) up to 14.36%
(price 99.425) with the average at 14.33% (price 99.582).
Yields accepted ranged from 13.98% (price 100.141) up to 14.24%
(price 98.342) with the average at 14.10% (price 99.303).
Yields accepted ranged from 12.05% (price 100.130) up to 12.27%
(price 99.750) with the average at 12.22% (price 99.836).
Yields accepted at ranged from 12.79% (price 99.699) up to 12.85%
(price 99.476) with the average at 12.83% (price 99.550).
Less than $500,000.
Preliminary.
47/ Yields accepted ranged from 15.13%
(price 99.908) with the average at
48 / Yields accepted ranged from 13.93%
(price 99.821) with the average at
49/
50/
51/
52/
53/
54/
55 /
56/
57/
58/
59 /
60/
61
/
62 /
63/
64/
65/
66/
67 /
68/
69/
70/
71/
72/
73/
74/
75/
76/
77/
78 /
79/
80/
81 /
82/
83/
84/
85/
86/
87/
*
p
December 1981
35
m PUBLIC DEBT OPERATIONS
TabU
PfcG-fii
-
VaaatnreH Marketabae
3ecurities
Issued at a
Premium
Other than Advance Refunding Operations
Description of securities
1981
Date of
financing
Amount Issued
(In millions)
Average price
per hundred
or Discount
Treasury Bulletin
36
PUBLIC DEBT OPERATIONS,
Table PDO-5.
-
Unmatured Marketable Securities Issued
at
a
Premium
or
Discount
Other than Advance Refunding Operations - Continued
Date of
Description of securities
1984-Contlnued
financing
Amount Issued
(In millions)
Average prlci
per hundred
Effective
Interest
Eligible securities exchanged
December 1981
37
PUBLIC DEBT OPERATIONS.
Table PDO-5. - Unmatured Marketable Securities Issued at a Premium or Discount
Other than Advance Refunding Operations-Continued
Date of
Description of securities
1989
financing
unt Issued
millions)
Average price
per hundred
Effective
Interest
Eligible securities exchanged
38
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-5. - Unmatured Marketable Securities Iseued at a Premium or Discount
Other than Advance Refunding Operations - Continued
Description of securities
11-3/4%
Date of
financing
Ainount
issued
(in millions)
Average price
per hundred
Effective
interest
rate
(percent)
Eligible securities exchanged
December 1981
39
PUBLIC DEBT OPERATIONS-
Table PDO-6. - Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part A. - Other than Bills
1
nts by Investor classes
isnefi
Date oi
financing
Description of securities
U.S. Government
In
accounts
exchange
and
for
Federal
Reserve
banks 2/
other
seeurities
Commer
rial
hanks
V
ndl-
40
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-6.
-
Allotments by Investor Classes on Subscriptions for Public Marketable Securities
Part B.
-
Bills
Other than Regular Weekly Series
(
Dol lar amounts in millions)
December 1981
41
PUBLIC DEBT OPERATIONS
Table PDO-7.
Disposition of Public Marketable Securities
Other than Regular Weekly Treasury BilU
-
(Dollars amounts millions)
Called or maturing securities
Date of
refunding
or retirement
Description
1/
Issue
date
2/
standing
11/13/79
11/15/79
11/15/79
11/15/79
11/30/79
12/11/79
12/31/79
12/31/79
9.312%
6-5/8%
1/08/80
1/31/80
2/05/80
2/15/80
2/15/80
2/29/80
3/04/80
3/31/80
9.605%
7-1/2%
9.348%
4/01/80
4/29/80
4/30/80
5/15/80
5/27/80
5/31/80
6/24/80
6/30/80
6/30/80
1-1/2Z
9.235%
7-3/4%
6-7/8%
9.153%
7/22/80
7/31/80
8/15/80
8/15/80
8/19/80
8/31/80
9/16/80
9/30/80
9/30/80
8.896%
8-1/2%
Bill
Note
Note
Note
Note
Bill
Note
Note
11/13/79
11/15/79-B
11/15/79-C
11/15/79-K
11/30/79-W
12/11/79
12/31/79-G
12/31/79-X
11/14/78
2/15/73
11/15/73
11/15/76
11/30/77
12/12/78
1/06/76
1/03/78
Bill
Note
Bill
Bond
Note
Note
Bill
Note
1/08/80
1/31/80-K
2/05/80
2/15/80
2/15/80-G
2/29/80-L
3/04/80
3/31/80-C
1/09/79
1/31/78
2/06/79
1/23/59
2/15/77
2/28/78
3/06/79
3/17/76
Note
Bill
Note
Note
Bill
Note
Bill
Note
Note
4/01/80-EA
4/29/80
4/30/80-N
5/15/80-A
5/27/80
5/31/80-P
6/24/80
6/30/80-D
6/30/80-0
4/01/75
5/01/79
5/01/78
5/15/73
5/29/79
5/31/78
6/26/79
6/10/76
6/30/78
Bill
6-3/4%
9.189%
8-3/8%
9.893%
6-7/8%
8-5/8%
Note
Note
Note
Bill
Note
Bill
Note
Note
7/22/80
7/31/80-R
8/15/80-B
8/15/80-H
8/19/80
8/31/80-S
9/18/80
9/30/80-E
9/30/80-T
7/24/79
7/31/78
8/15/74
8/15/77
8/21/79
8/31/78
9/18/79
9/14/76
10/02/78
10/01/80
10/14/80
10/31/80
11/06/80
11/15/80
11/15/80
11/30/80
12/04/80
12/31/80
12/31/80
1-1/2%
11.508%
8-7/8%
11.810%
3-1/2%
7-1/8%
9-1/4%
10.815%
5-7/8%
9-7/8%
Note
Bill
Note
Bill
Bond
Note
Note
Bill
Note
Note
10/01/80-EO
10/14/80
10/31/80-U
11/06/80
11/15/80
11/15/80-J
11/30/80-V
12/04/80
12/31/80-P
12/31 /80-W
10/01/75
10/16/79
10/31/78
11/13/79
10/03/60
11/15/77
11/30/78
12/11/79
12/07/76
1/02/79
1/02/81
1/29/81
1/31/81
2/15/81
2/15/81
2/26/81
2/28/81
3/26/81
3/31/81
3/31/81
11.040%
11.211%
9-3/4%
Bill
7-3/8%
13.527%
9-3/4%
14.459%
6-7/8%
9-5/8%
1/02/81
1/29/81
1/31/81-P
2/15/ai-A
2/15/81-C
2/26/81
2/28/81-0
3/26/81
3/31/81-H
3/31/81-R
1/08/80
2/05/80
1/31/79
2/15/74
2/18/75
3/04/80
2/28/79
4/01/80
3/08/77
4/09/79
4/01/81
4/23/81
4/30/81
5/15/81
5/15/81
5/21/81
5/31/81
6/18/81
6/30/81
6/30/81
1-1/2%
10.440%
9-3/4%
7-3/8%
7-1/2%
8.341%
9-3/4%
7.491%
6-3/4%
9-1/8%
4/01/81-EA
4/23/81
4/30/ai-s
5/15/81-D
5/15/81-M
5/21/81
5/31/81-T
6/18/81
6/30/81-J
6/30/81-U
4/01/76
4/29/80
4/30/79
1/26/76
2/15/78
5/27/80
5/31/79
6/24/80
6/03/77
7/02/79
7/16/81
7/31/81
8/13/81
8/15/81
8/15/81
8/31/81
9/10/81
9/30/81
9/30/81
7.669%
9-3/8%
8.963%
7-5/8%
8-3/8%
9-5/8%
9.967%
6-3/4%
10-1/8%
10/01/81
10/08/81
10/31/81
11/05/81
11/15/81
1-1/2%
11.136%
12-5/8%
12.219%
7-3/4%
U/15/81
7%
11/30/81
12/03/81
12-1/8%
13.261%
72
6-1/4%
7-1/8%
9.320%
7-1/2%
7-1/8%
4%
6-1/2%
7-5/8%
9.485%
7-1/2%
8%
8.829%
7-5/8%
8-1/4%
9%
7%
Bill
Note
Note
Note
Bill
Note
BUI
Note
Note
Note
BUI
Note
Note
Note
BUI
Note
BUI
Note
Note
Bill
Note
BUI
Note
Note
Note
BUI
Note
Note
Note
BUI
Note
BUI
Note
Note
Note
BUI
7/16/81
7/31/81-V
8/13/81
8/15/81-F
8/15/81-N
8/31/81-W
9/10/81
9/30/81-K
9/30/81-X
7/22/80
7/31/79
8/19/80
7/09/76
8/15/78
8/31/79
9/16/80
9/07/77
10/09/79
io/01/ai-EO
10/08/81
10/31/81-Y
11/05/81
11/15/81-B
il/15/ai-G
11/30/81-2
12/03/81
10/01/76
10/14/80
10/31/79
11/06/80
11/15/74
10/12/76
11/30/79
12/04/80
3
42
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-8.
Issued
to
-
Foreign Series Securities (Nonmarketable)
Official
Payable
Institutions of Foreign
tn U.S. dollars:
Issue
date
Countries
dollar amounts in millions)
Interest
Total outstanding
end of month
(percent)
1980-November
Bills...
U/20/80
11/20/80
1/30/80
8/01/80
February
Bills
Note..
March
Bills.
1/29/81
12/31/80
11/03/80
11/03/80
S 274
102
12/31/79
2/11/80
9/15/80
10/20/80
11/20/80
12/02/80
12/02/80
12/02/80
12/08/80
12/01/80
12/01/80
12/01/80
4/20/81
12/31/80
1/05/81
3/31/77
4/30/79
5/31/79
12/31/80
1/31/81
2/28/81
9.75
9.75
2/11/80
3/04/80
8/01/80
11/20/80
12/02/80
12/08/80
1/05/81
1/29/81
1/29/81
1/05/81
1/05/81
1/05/81
1/29/81
1/05/81
5/01/81
7/01/81
4/30/81
3/20/81
13.76
14.68
15.43
12.95
14.82
14.44
6/17/80
8/15/80
12/02/80
2/03/81
2/03/81
2/18/81
2/18/81
2/02/81
2/12/81
2/02/81
5/01/81
8/03/81
9/01/81
10/01/81
8.92
14.60
14.91
13.91
14.04
13.81
6/03/77
3/31/81
7/01/80
1/29/81
3/02/81
3/03/81
3/03/81
3/03/81
3/03/81
3/02/81
3/02/81
9/01/81
4/01/81
5/01/81
10/01/81
11/02/81
6/03/77
3/31/81
8/18/80
12/02/80
1/29/81
3/03/81
4/01/81
4/01/81
4/07/81
4/30/81
4/01/81
4/01/81
4/30/81
4/01/81
6/01/81
12/01/81
1/04/82
1/04/82
12.92
14.34
8/18/80
9/26/80
2/03/81
5/01/81
5/01/81
5/01/81
5/01/81
2/01/82
7/01/81
3/01/82
2/01/82
14.52
13.84
14.74
14.90
14.52
5/15/31
5/15/81
5/15/88
6.50
14.15
10/01/80
10/29/80
3/03/81
4/01/81
6/01/81
6/16/81
6/23/81
6/01/81
6/01/81
10/01/81
6/01/81
8/01/81
12/31/81
2/01/82
11.36
12.44
13.86
12.49
15.39
13.20
13.37
6/05/74
6/25/74
1/14/80
6/05/81
6/25/81
6/30/81
2.50
7.90
9.125
1/05/81
5/01/81
4/30/81
7/30/81
7/01/81
7/01/81
7/30/81
10/29/81
12.95
14.74
14.34
14.75
7/08/74
7/15/74
7/08/81
7/15/81
8.25
8.25
2/03/81
6/01/81
8/03/81
8/03/81
8/03/81
8/03/81
8/01/81
4/01/82
9/01/81
10/01/81
15.39
14.69
15.14
14.86
10/28/76
4/27/77
8/15/81
8/15/81
7.625
7.625
3/03/81
5/01/81
5/01/81
5/13/81
5/19/81
6/27/77
2/02/81
4/01/81
5/01/81
June
Bills.
13.67
14.53
276
146
3.00
14.53
14.68
14.60
152
140
14.41
15.43
131
184
5.875
152
184
374
100
306
300
140
6.875
200
412
14.44
14.01
13.77
14.52
109
328
14.41
14.82
13.77
12.49
11.40
14.91
13.91
187
166
109
S4S
170
119
445
600
200
200
43
December 1981
PUBLIC DEBT OPERATIONS
Table PDO-8.
-
Foreign Series Securities (Nonmarketable)
Issued to Official Institutions of Foreign Countries-Continued
(Payable In U.S. dollars; dollar amounts
Securl ties
Issue
In
millions)
44
Treasury Bulletin
PUBLIC DEBT OPERATIONS
Table PDO-9.
-
Foreign Currency Series Securities
Issued to Residents of Foreign Countries
(Dollar amounts In millions)
Amount
(dollar equivalent)
Month of
activity
Payable
In--
1978-Dec.
Notes
Deutsche marks
do
1979-Jan.
Notes
Swiss francs
do
Mar.
Notes
Deutsche marks
do
Nov.
1980-Jan.
Notes
Notes
Issue
date
Maturity
date
Interest
rate
(percent)
Retired
12/15/78
12/15/78
12/15/81
12/14/82
5.95
6.2n
931
664
1/26/79
1/26/79
7/26/81
1/26/83
2.35
2.65
744
459
744
3/1/79
3/1/79
9/1/81
9/1/82
.30
.70
680
680
671
do
do
11/12/79
11/12/79
5/12/82
5/12/83
.55
.50
668
do
do
1/25/80
1/25/8(1
7/26/82
7/26/83
451
561
607
Total
outstanding
45
December 1981
.UNITED STATES SAVINGS BONDS.
from May
Series EE and HH Bonds, on sale since January 1, 1980, are the only
Series A-D were sold from March
savings bonda currently sold.
through April 30,
194 1.
Series E was on sale from May 1,
through April 30, 1952.
from June
1952 through December 31,
1,
Table SB-1.
1979.
-
changes
1935
In
1941 through
December 31, 1979 (through June 1980 to Payroll Savers only).
and G were sold from May 1, 1941
1,
May
Annual
Series H sold
and
Report
October
of
April
Details
1957.
30,
of
principal
the
Interest yields, maturities, and other terras appear
Issues,
Treasury Bulletins of
1959,
Series F
through
1952
1,
In
the
April
May
1951,
June
1961,
1968,
Secretary of
the
September
Treaary
for
December
and
October
1957,
and
1970;
fiscal
and
years
the
1966
through 1980.
Series J and K were Bold
Sales and Redemptions by Series, Cumulative through
November
30,
(In millions of dollars)
1981
___
Amount outstanding
Accrued
discount
Sales 1/
Series »-D»
Series E, EE, R, and HH
Series F and G
Series J and K
220,310
28,396
1,054
69,078
1,125
3,556
Total A-K
256,210
3,949
Sales plus
accrued
discount
Redemptions
1/
Interestbearing debt
Matured
non-lnteres tbearlng debt
5,001
2
221,650
29,515
3,752
P67.728
198
5,003
289,388
29,521
3,754
71,455
327,666
259,917
P67.728
pll
7
2
p20
Footnotes at end of Table SB-4.
Table SB-2.
-
Sales and Redemptions by Periods, All Series Combined
Amount outstanding
Redemptions 1/
Accrued
discount
Sales plus
accrued
discount
Fiscal years
1935-71
1972
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
:
Calendar years
1935-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Months
1980-Nov
Dec
189,436
5,940
6,514
6,429
6,826
7,293
1,833
7,895
8,026
7,295
4,819
3,355
:
186,712
5,477
6.236
6,270
6,862
7,038
7,555
7,954
7,959
6,988
4,124
:
259
289
1981-Jan
Feb
Mar
Apr
May
June
348
279
375
193
July
Aug
Sept
Oct
278
260
225
246
244
Nov
286
301
34,844
Sales
price 3/
Accrued
discount
Interestbearing debt
Matured
non-interestbearing debt
Treasury Bulletin
46
UNITED STATES SAVINGS BONDS
Table SB-3.
-
Sales and Redemptions by Periods, Series
(In millions of dollars)
E through K
December 1981
47
.UNITED STATES SAVINGS BONDS.
Table SB-3.
-
Sales and Redemptions by Periods, Series
E through
K— Continued
(In millions of dollars)
Exchange of
E bonds for
H and HH bonds
Redemptions 1/
Sales
1/
Accrued
discount
Sales plu
accrued
discount
Sales
price 3/
Series E and EE
Fiscal years
1941-71
1972
1973
1974
1975
1976
T.Q
1977
1978
1979.,
1980
1981
:
Calendar years
1941-70
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
Months
1980-Nov
142,675
5,650
6,190
6,145
6,503
6,975
1,761
7,576
7,774
7,061
4,684
3,303
:
140,026
5,218
5,922
5,988
6,524
6,729
7,245
7,638
7,718
6,783
4,028
:
Dec
259
277
1981-Jan
Feb
Mar
Apr
May
June
317
267
368
197
261
275
July
Aug
Sept
Oct
Nov
274
263
258
259
246
12,467
Accrued
discount
3/
Amount
outstanding
( Interestbearing debt)
48
Treasury Bulletin
.UNITED STATES SAVINGS BONDS.
Table SB-4.
-
Redemptions of Matured and Unmatured Savings Bonds
(
In
millions of dollars)
Unclassified
Series E, EE,
and HH
Series E, EE,
and HH
H,
Fiscal years
1951-65
1966
1967
1968
1969
1970
H,
:
486
41,672
2,253
2,471
2,548
2,560
2,792
2,490
2,043
2,126
2,729
2,544
2,820
23,963
1,973
2,059
2,289
2,417
2,762
2,481
2,036
2,121
2,724
2,545
2,816
975
703
242
797
3,578
3,157
5,654
10,430
8,769
-577
3,153
5,651
10,428
8,769
29,586
5,244
5,365
6,210
6,833
6,291
6,771
7,110
8,200
12,326
15,543
57,346
2,022
2,053
2,508
2,627
2,481
3,275
2,556
3,129
6,459
10.112
36,958
2,014
2,047
2,505
2,622
2,481
3,275
2,556
3,125
6,448
10,116
Months
1980-Oct....
Nov....
692
473
353
473
691
Dec. ...
945
547
724
922
,982
339
748
,425
1971
1972
,338
1973
1974
1975
1976
T.Q
1977
1978
1979
1980
1981
586
681
517
543
689
064
747
Calendar years
1951-70
1971
1972
1973
1974
1975
1976
794
:
1977
1978
1979
1980
:
1981-Jan....
Feb....
Mar....,
Apr. ....
May
June. , •
1,866
1,219
1,089
982
1,001
972
July....
Aug
Sept....
Oct
Nov
881
982
922
864
588
i
353
546
397
397
1,193
1,413
838
1,193
1,413
838
617
828
617
829
7
38
657
714
672
545
738
657
714
672
545
7,709
7/
December 1981
49
.UNITED STATES SAVINGS NOTES
United
June 30,
States
1970.
The
savings
notes were
on
sale May
1
1967
,
The principal terras and conditions for purchase and redemptions
through
notes were eligible for purchase by Individuals
,
and
Information on
investment yields of savings notes appear in the
Treasury Bulletin of March 1967 and June
with the simultaneous purchase of Series E savings bonds.
196ft;
and
the Annual
report
of the Secretary of the Treasury for fiscal year 1974.
Table SN-1.
-
Sales and Redemptions by Periods
(In million of dollars)
Accrued
discount
Sales plus
accrued
discount
Redemptions
Sales
price
Amount
outstanding
2/
Accrued
discount
50
Treasury Bulletin
.OWNERSHIP OF FEDERAL SECURITIES.
Table OF8-1.
-
Distribution of Federal Securities by
Class
of
Investors and Type of Issues
(In millions of dollars)
End of
fiscal year
or month
Total
Federal
securities
outstanding
Interest-bearing public debt securities
Total
outstanding
Held by U.S. Government accounts
Nonmarke table
Government
account series
1972
1973
1974
1975
1976
,
T.Q
1977
1978
1979
1980
1981
1980-Oct..
Nov..
Dec.
1981-Jan..
437 ,329
468 ,426
486 ,247
544 .131
631 ,385
646 .379
709 ,138
780 ,425
833 ,751
914 ,317
.003, 942
425,360
456,353
473,238
532.122
619,254
633,560
697,629
766,971
819,007
906.402
996,495
111,460
123,385
138,206
145,283
149,611
146,105
155,490
167,973
187,683
197,743
208,076
914, 782
920, 316
936, 686
906,948
909,371
928,912
193,437
189,688
192,460
in, 078
528
189,494
191,981
190,873
193,946
197,811
199,936
9,527
9,292
9,303
9,228
9,228
9,228
198,591
199,020
208,076
204,872
9,225
9,015
9,016
9,010
940,
956,
970,
970,
974,
Mar..
Apr..
May..
June.
898
901
326
758
977, 350
929,825
946,455
963,207
962,779
964,792
969,921
July.
Aug..
Sept.
Oct..
979, 388
986, 312
,003, 942
.011, 111
972.053
978,920
996,495
999,451
Feb..
19,868
20,080
21,229
20,475
18.353
16,640
14,619
13,886
11,379
10,078
9,016
9,567
9,564
89
Other
December 1981
51
OWNERSHIP OF FEDERAL SECURITIES,
Table OFS-2.
-
Estimated Owneribip of Public Debt Securities by Private Investors
(Par values 1/ in billions of dollars)
Nonhank investors
End of
month
Total
privately
held
Commerclal
banks
2/
52
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
Monthly Treasury Survey of Ownership covers securities
States
Government,
District
of
Federal
Columbia.
The
agencies,
banks
Issued by
Federally-sponsored
and
insurance
the United
agencies,
companies
included
and
the
in
the
in
Survey currently account for about 80 percent of all such securities held by
these institutions.
percent.
50 percent,
September
Holdings
The similar proportion for corporations and for savings
and loan associations is
the
I960
Bulletin,
and
for
State and
and for State and local governments, 40
by
commercial
bank
distributed
31.
Table TSO-1. -Summary of Federal Securities
October 80, 1981
(Par values - in millions of dollars)
Held by private investors covered in Treasury Survey
ing If
Public debt issues:
Interest-bearing public
debt securities:
Marketable
Nonmarketable
t*l
Total interest-bearing
public debt securities
Matured debt and debt
bearing no interest
Total public debt
securities
Government agency Issues:
Regular Issues
Participation
certlclates 5/
Total Government agency
securities covered in
Treasury Survey
Nonsurveyed Government
agency securities
Total Government agency
securities 6/
U.S. Government accounts and
Federal
Reserve
banks
5,324
Total
private
Investore
689,578
131,409
558,169
309,874
195,862
114,012
999,451
327,271
672,180
5,591
606
4,985
1,005,042
327,877
677,165
195
2,206
338
1
2,402
2
,965
1 ,
,627
5,367
1,533
3,834
702
52
650
6,069
1,585
4,484
clal
banks
455
mutual
savings
banks
II
V
coramer-
the
according
to
Federal
Reserve
Holdings by corporate pension trust funds are published quarterly, first
appearing in the March 1954 Bulletin.
May 1941 Treasury Bulletin, for corporations and savings and loan association
Total
amount
outstand-
in
member hank classes and nonmember banks are published for June 30 and December
Data were first published for banks and insurance companies in the
Classification
local governments
February 1962 Bulletin.
Insurance companies
287
life
438 fire,
casualty,
and
marine
53
December 1981
..TREASURY SURVEY OF OWNERSHIP
Table TSO-2.
-
October 80, 1981
Interest-Bearing Marketable Public Debt Securities
by Type and Maturity Distribution
values
-
In millions of dollars)
Held by private Investors covered In Treasury Survey
Classlf lcation
54
Treasury Bulletin
TREASURY SURVEY OF OWNERSHIP
October 30, 1981
Table TSO-3.
-
Interest-Bearing Marketable Public Debt Securities by Issue— Continued
(Par values - In mllllo
Held by Investors covered in Treasury Survey
55
December 1981
TREASURY SURVEY OF OWNERSHIP
October 30, 1981
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
Treasury Bulletin
56
TREASURY SURVEY OF OWNERSHIP
October 30, 1981
Table TSO-4.
^
-
Securities Issued by
(Par values
-
Government Agencies
In million of dollars)
by Investor!
455
mutual
outstanding 1/
'"'
r
i_ l_
Tr "
i|,
"
l
_[_^
?"
rvp y
,
December 1981
57
.MARKET QUOTATIONS ON TREASURY SECURITIES, Nov.mbar
Current market quotations shown here are over- the
counter closing bid quotations In the New York market to
the laBt trading day of the
lonth
as reported
Treasury by the Federal Reaer
Bank of Hew York.
tha
I
Table MQ-1.
Am
t
out
SO,
1981
Include
regularly quoted
public
securities
listed
all
the
United
States
marketable
securities
Issued
by
agencies
Treasury.
Securl t les
Issued
by
Federal
and
guaranteed by the United States Government are excluded.
Treasury
Bills
58
Treasury Bulletin
•MARKET QUOTATIONS ON TREASURY SECURITIES. November
Table MQ-2.
-
Treasury Notes-Continued
(Price decimals are 32nds)
30,
1981
—-——^—
December 1981
59
MARKET QUOTATIONS ON TREASURY SECURITIES, November
Table MQ-3.
-
Treasury Bonds
(Price decimals are 32nds)
30,
1981
Treasury Bulletin
60
.
o
MARKET QUOTATIONS ON TREASURY SECURITIES, NOVEMBER
LO
c\i
LU
o
,- LU
o
05
00
CD
o
CO
CX>
co
O)
cc
LU
CO
CO
co
en
LU
>
O
in
c
co
o>
CO 3
LU §
=>*
CD
oo
O)
0£
LU c
CO°
s.
>-
CU
CO
LO
co
SS
D
<
CO
LU
0C
h-
oo
o>
co
oo
co
CT>
Q
_l
LU
>
CvJ
CO
0>
CO
en
o
m
o
30,
1981
o
ci
co
CT>
cci
61
December 1981
AVERAGE YIELDS OF LONG -TERM BONDS.
Table AY-1.
•
Average Yields of Long-Term Treasury, Corporate and Municipal Bonds by Periods
New Aa
Period
Treasury
bonds 1/
corporate
bonds 2/
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
Monthly series
1970
Jan
6.86
Feb
j>/6.44
Mar
Apr
May
June
6.39
6.53
6.94
6.99
July
Aug
Sept
Oct
Nov
Dec
6.57
6.75
6.63
6.59
V6.24
5.97
Jan
Feb
Mar
Apr
May
June
5.92
5.84
July
Aug
Sept
Oct
Nov
Dec
5.91
5.78
5.56
4/5.46
5.48
5.62
Jan
Feb
Mar
Apr
May
June
5.62
5.67
5.66
5.74
5.64
5.59
July
Aug
Sept
4/5.59
5.59
5.70
Oct
Nov
Dec
5.71
5.75
5.96
5.94
5.69
5.51
5.63
9.00
-
New Aa
municipal
bonds 3/
Treasury
bonds 1/
New Aa
corporate
bonds 2/
New Aa
municipal
bonds 3/
New Aa
Treasury
bonds 1/
corporate
bonds 2/
averages of daily or weekly series
1973
1976
1979
New Aa
municipal
bonds 3/
Treasury Bulletin
62
AVERAGE YIELDS OF LONG -TERM BONDS.
LU
o
DC
LU
Q.
o
..
,
December 1981
63
.INTERNATIONAL FINANCIAL STATISTICS
Table IFS-3 presents an area breakdown of United States liabilities
to official institutions of foreign countries.
The tables in this section are designed to provide data on United
States reserve assets and liabilities and other statistics related to
the United States
balance of payments and International financial
position.
Table IFS-4 shows United States Treasury nonmarke table bonds and
notes issued to official institutions and other residents 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
of
Drawing Account
holdings
in
the
International Monetary Fund,
the
convertible
foreign
position
in
currencies
and
reserve
International Monetary Fund.
Table IFS-5 sets forth the factors which affect the United States
position in the International Monetary Fund.
,
Table IFS-n presents a measure of weighted-average changes in
exchange rates between the United States dollar and the currencies of
certain other countries.
Table IFS-2 brings together statistics on liabilities to foreign
official institutions, and liquid liabilities to all other foreigners,
which are used In the United States balance of payments statistics.
Table IFS-1.
U.S.
Reserve Assets
(In millions of dollars)
Gold stock 2/
End of
calendar year
or month
Special
drawing
rights 1/ Ul
Total
reserve
assets 1/
(2)
7/13,151
1972
1973
1974
1975
1976
1977
1978
1979
1980
1980-Nov..
Dec.
1981-Jan..
Feb..
Mar..
Apr.
May..
June.
July.
Aug..
Sept.
Oct..
Nov.
Foreign
currencies
5/
Reserve
position In
International
Monetary Fund
w
1 /
6/
Treasury Bulletin
64
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-2. - Selected U.S. Liabilities to Foreigners
(In millions of dollars)
Liabilities to foreign countries
Official Institutions 2/
End of
December 1981
65
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-3.
U.S.
Liabilities
to
Official
Institutions
(In millions of dollars)
End of
calendar year
or month
Total
of
Foreign Countries, by Area
66
Treasury Bulletin
INTERNATIONAL FINANCIAL STATISTICS
Table IFS-4.
Issued
to
Official
-
Nonmarketable U.S. Treasury Bonds and Notes
Institutions and Other Residents
of Foreign Countries
(In millions of dollars or dollar equivalent)
Payable In dollars
End of
calendar
year or
month
Grand
December 1981
67
.INTERNATIONAL FINANCIAL STATISTICS.
Table IFS-5.
-
U.S.
Position in the International
(In millions of dollars)
Calendar year
or month
Monetary Fund
.
;
68
Treasury Bulletin
.INTERNATIONAL 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
U
End of calendar
year or month
Vls-a-Vls
Currencies of
OECD countries 2/
1972
1973
1974
1975
1976
1977
1978
1979
I960
1980-Nov
Dec...
1981-Jan
Feb....
Mar....
Apr.
..
May....
June...
July...
Aug....
Sept...
Oct
Nov. p.
This table presents calculations of weighted average percentage changes
in the rates of exchange between the dollar and certain foreign currencies, in order to provide a measure of changes in the dollar's general
foreign exchange value broader than a measure provided by any single
exchange rate change.
Calculations are provided for two sets of
U.S.
countries that account for a major share of U.S. foreign trade.
bilateral trade patterns in 1972 are used as a convenient, readily
available proxy for the assignment of relative weights to individual
exchange rate changes, though such weights do not provide a full
measure of individual currencies' relative importance in U.S. international transactions because they take no account of factors other
than trade.
The calculations do not purport to represent a guide to
measuring the impact of exchange rate changes on U.S. international
transac tions.
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.
Currencies of 46 main
trading countries 3/
-9.4
-14.6
-16.0
-10.9
-10.3
-14.6
-21.5
-18.4
-15.0
+6.6
+21.3
-14.1
-15.0
+21.1
+21.3
-12.0
-9.9
-10.4
-7.3
-3.8
-2.0
+26.9
+27.8
+31.0
+34.9
+41.6
+45.7
+2.2
-0.2
-0.5
-1.2
-5.5
+51.1
+51.9
+54.3
+56.7
+55.5
-4.9
-9.6
-9.6
-4.6
-1.0
-1.0
-4.1
Equation two is used to calculate a trade-weighted average of changes
in the foreign exchange cost of dollars:
E x f E(A£ Ci /$ * Xj/EX)
(EQ2)
Where:
dollars
Afc^/S is the percent change in the
foreign currency i cost of dollars; and
Xj/EX 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 =
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:
E x is the weighted average of percentage
changes in the foreign currency cost of
Where:
[(E m
*
m/m+x)-(-D] +
(E x
*
x/m+x]
m/m+x is U.S. imports as a proportion
of its total trade with all countries in
the set; and
(EQ1)
Em =
Where:
Z(A$/fCi
*
Mi/EM)
E m is the weighted average of percentage
changes in the dollar cost of individual
foreign currencies;
AS/fcj is the percent change in the dollar
cost of foreign currency i; and
m^/Em is U.S. imports from country i, as
a proportion of total U.S. imports from
all countries in the set.
x/m+x is U.S. exports as a proportion of
its total trade with all countries in the
set.
Australia, Austria, Be Igium-luxembourg, Canada, Demark, Finland, France
Cermany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands,
New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,
United Kingdom.
The currencies of 46 IMF member countries which account for approximately
907. of U.S. total trade.
Prel iminary.
.
.
.
,,
1
.
,,
,
.
v,
.
69
December 1981
CAPITAL MOVEMENTS
in
some instances
Ranks,
securities brokers and dealers, and
nonbanking enterprises report monthly their transactions 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 bv the report.
Backgroun d
relating to capital movements between the United States and
19 35
under Treasury
since
have been collected
count ties
regulations pursuant to Executive Orders Nos. 6560 of January 13, 1934,
and 10033 of February 8, 1949, and the International Investment Survey
Reports, are filed with Federal Reserve banks by banks
Act of 1976.
and nonbanking
securities brokers and dealers
bank holding companies
Statistics on the principal types of
enterprises in the United States.
and are
consolidated
data by country or geographical area are then
published in the monthly Treasury Bui let in
Data
fore ign
Ouarterly reports are filed by exporters, importers, industrial and
other
than banks
and
institutions
f inane ial
commerc ial
concerns,
brokers, and other nonbanking enterprises if their liabilities or claims
Reginning
on the six-month averaee basis are S2 million or more.
December 31, 1978, these firms also report for each month-end their U.S.
dollar-denominated deposit and certificates of deposit claims on banks
abroad of S10 million or more.
,
,
The reporting forms and instructions 1/ used in the Treasury
International Capital (TIC) Reporting System have heen revised a number
of t imes to meet changing condit ions and to increase the usefulness of
Revisions to the reporting forms are cart of
the published statistics.
an ongoing effort to ensure the adequacy of the Treasury capital
movements statistics for analysis and policy formulation with respect to
international financial position of the United States and on
the
movements of capital between the United States and foreign countries.
Revised forms and instruct ions are developed with the cooper at ion of
in
other Government
agencies and the Federal Reserve System and
f rms
and
secur it les
consul tat ions with represent at ives of banks
nonbanking enterprises.
i
,
Description of Statistics
Section I presents data in four tables on liabilities to foreigners
Beginning
reported by banks brokers and dealers in the United States.
own
foreign offices are shown
19 78,
amounts due to banks'
April
separately; the previous distinction between short-term and long-term
the
separation of
there
is
a
liabilities
been
eliminated;
has
liabilities of the respondents themselves from their custody liabilities
to
foreigners; and foreign currency liabilities are only reported
Also, beginning April [978, the data on liabilities are made
quarterly.
more complete by extending to securities brokers and dealers the
requirement to report certain of their own Liabilities and all of their
custody labi it les to foreigners
,
,
,
Major revisions of the TIC B-series forms, filed bv hanks and some
brokers in the United States, became effective with reports as of Apr i
introduced in the Julv 1978 Treasury
1978; new data series were
30,
report ine coveraee of the RBulletin.
Also, effective March 1981
senes forms was enlarged to include holdings bv brokers and dealers
Suhstant lal
of certain types of short-term money market instrument s
revisions of the C-series forms, filed by nonbanking enterprises, were
effective with reports as of December 31, 1978: the new data series are
Revisions of the TIC forms
shown beginning with the June 1979 issue.
that affect the format and coverage of the current Capital Movements
tables are noted under "Desc ription of Statistics " below.
1
1
Table CM-I-1, showing total liabilities h v type of foreign holder,
combines liabilities previously shown separately as either short-term or
Table CM- I-?, Parts A and R, on foreigners' holdings of
long-term.
liabilities by tvpe show total liabilities payable in dollars reported
Table CM-I-3 presents total liabilities
by banks, brokers, and dealers.
Sv country for recent per lod s and inc lud es the long-term data prev lousl
shown separately: whereas CM-I-4, covering total liabilities by type and
includes several data items not
country for the most recent month
The Iiabilites data on
1978.
reported separately prior to Aoril
sunplementarv countries previously presented in Table CM-I-5 now appear
(See Section III below.)
in Table CM-III-1.
,
.
,
Basic Def mit ions
The term "foreigner" as used in the Treasury reports covers al
States
individuals domic i led outs id e the United
institutions and
and the foreign
cit izens domic i led abroad
inc lud ing United States
branches, subsidiaries, and offices of United States banks and business
and other official
central banks
concerns; the central governments
and international
wherever located
institutions of foreign countries
wherever located
The term "foreigner" also
and regiona 1 organ izat ions
includes persons in the United States to the extent that they are known
by reporting institut ions to be act ing on behal f of fore igners
1
,
,
,
,
,
,
.
.
data are reported opposite the foreign count ry or
In general
as shown on the
geographical area in which the foreigner is domic i led
the
For a number of reasons,
records of reporting institutions.
geographical breakdown of the reported data may not in all cases reflect
Reporting institutions are not
the ultimate ownership of the assets.
expected to go beyond the addresses shown on their records, and so may
not be aware of the country of domic l le of the ultimate beneficiary.
Furthermore, U.S. liabilities arising from deposits of dollars with
fore ign banks are reported general ly in the Treasury statistics as
whereas the liability of the foreign bank
liabilities to foreign banks,
rece iving the deposit may be to foreign official institutions or to
country
res id en ts of another
,
,
Section II presents the claims on foreigners reported by banks in
Reginning with data reported as of the end of April
the United States.
for their own account are reported separately
banks
c laims held
1978
from claims held for their domestic customers. The former are available
in a monthly series whereas the latter data are collected on a quarterly
basis only
Al so, there is no longer a breakdown avai table on the longMaturity data are
hanks' claims.
term and short-term components of
collected quarterly on a time remaining to maturity basis as opposed to
Foreign
currency claims
classification.
the historic original maturity
Beginning March 1981,
are also collected only on a quarterly basis.
this claims coveraee was extended to certain items in the hands of
brokers and dealers in the United States.
,
'
,
TaMe CM-II-1 presents total claims hy tvpe as reported on the old
R-series forms and has been revised to include the long-term claims
Table CM-II-2, showing total
components formerly published separately.
claims hy tvpe, is based on the revised hanking reports. Table CM-II-3,
which represents total claims h v country, merges the previously reported
New
short-term and long-term claims data from old CM-II-2 and CM-II-5.
Tables CM-II-4 through CM-II-7 are based on the revised reports and
replace the previous tables which showed short-term and long-term claims
separate v
1
Data pertaining to branches or agenc les of foreign official
institutions are reported opposite the country to which the official
institution belongs.
Data pertaining to international and regional
organizations are reported opposite the appropriate internal lona I or
for
the
Bank
for
International
classification
except
regional
Settlements which is included in the classification "Other Europe."
Geographical Class lficat ion
Another important change m the claims reporting, beginning with
new auarterlv data as of June 30, 1978, is the adoption of a broadened
concept of "foreign puhlic borrower," which replaces the previous
category of "foreign official institution" to produce more meaningful
The
information on 'lending to the public sector of foreign countries.
borrower" encompasses central governments and
term "foreign public
departments of central governments of foreign countries and of their
and exchange
banks, stabilisation funds
possessions; foreign central
authorities; corporations and other agenc les of central governments
including development hanks, development institutions and other agencies
which are ma iorit v-owned by the central government or its departments;
governments of foreign countries and their
State, provincial, and loc a
departments and agencies: and any international or regional organization
subordinate or affiliated agency thereof, created bv treaty or
or
convention between sovereign states.
,
A number of changes in geographical classification were introduced
Several
most Capital Movements tables in the July 1978 issue.
inc luded
in
"Eastern Europe" and "Other Lat in
countries
former ly
we 11
shown
separately
in
the
country
list
as
Amenc an Re pub 1 ic s" are now
as a new category in the" Inter national and regional" grouping for
"Midd le Eastern Regional" in view of the prol iteration of ree lonal
The
f inane ial
organizat ions in that area pnmar i ly in the Arab states.
remaining countries in the categories "Other Eastern EuroDe" and "Other
Western Europe" were combined into a single "Other Europe" category; and
and
America"
was
ret it led
"Lat in
Amer ica
"Lat in
the
heading,
Caribbean."
To the extent possible, the statistics for earlier dates
accordance with these revised geograph ic a
have been ad justed
in
categories
for
I
Report ing Coverage
banks
from
bank
holding
companies
Reports
are
required
the
and nonbanking enterprises
in
securities brokers and dealers
United States, inc lud ing the branches agenc les subs id lar les and other
F.ntities that have
affiliates in the United States of foreign firms.
or
secur it les
transact ions
below
liabilities,
c latms
reportable
spec i f led exempt ion levels are exempt from report ing.
,
,
,
,
,
,
Banks and some brokers and dealers file reports monthly cover ing
n
a
their dollar liabilities to, and do liar claims on, foreigners
number of count ries.
Twice a year, as of June 30 and December 31, they
also report the same liabilities and claims items with respect to
foreigners
countries not shown separately on the monthly reports
Beginning with reports due as of June 30, 1978, quarterly reports are
filed with respect to liabilities and c laims denominated in foreign
specified
The
exemption
level
currencies
vi6-a-vis
foreigners.
applicable to the monthly and quarterly reports is $2 million and ls
based on the average for the report dates during a six-month period
including the current report date. There is no separate exemption level
for the semiannual report s
l
m
I
supplementary tables on U.S. banks'
two
Sect ion
III
inc lud es
Table CM-UI-1 summarizes
liabilities to, and claims on, foreigners.
dollar Liabilities to, and banks' own dollar claims on, countries and
Reginning with reports due as
areas not regularly reported separately.
Previously,
of June 30, 1978, these data are collected semiannually.
the semiannual reports were addressed to liabilities items onlv and were
reported as of April and December; however, thev are now collected as of
Table CM-III-2 presents data on M.S.
the end of June and December.
banks' loans and credits to nonbank foreigners, based on the TIC reports
and on the monthly Federal Reserve 2502 reports submitted for foreign
hranches of U.S.
banks.
Sections IV and ", respectively, show the liabilities to, and
claims on, unaffiliated foreigners hv exporters, importers, industrial
concerns, financial institutions other than hanks and
commercial
and
The
and other nonbank ng enterprises in the United States.
brokers
data exclude the intercompany accounts of nonbanking enterprises in the
United States with their own branches and subsidiaries abroad or with
(Such transactions are reported bv
their foreign parent companies.
business enterprises to the Department of Commerce on its direct
The data also exclude claims held through hanks in
investment forms.)
Reginning with data published in June 1979 (reported
the United States.
financial
separation of the
is
there
1978),
December
31,
of
as
liabilities and claims of reporting enterprises from their commercial
and
items are col lee ted on a t ime- remain ing
lahilit les and c laims
In addition, the
basis instead of the prior original maturity basis.
number of reporters increased somewhat as a result of a broad canvass of
pro spec t ive reporters undertaken in late 1978.
i
,
I
:
.
.
,
Treasury Bulletin
10
CAPITAL MOVEMENTS,
Section IV, Table CM-IV-I combines Liabilities previously shown
short-term or long-term in old Table CM-IV-l: Table CM-IV-2
combines these short-term and long-term liabilities hv country and
replaces previous Tables CM-IV-2 and CM-IV-6.
Table CM-jv-l, covering
total liabilities by type and country for the most recent ouarter-end,
includes several items not reported separately prior to December 197ft.
In
as either
The tables in Sec t ion V have been ex tens ivel y revised to reflect
the changes in data collection format outlined above* and the elimination
of a monthly form that covered nonhanking enterprises' liouid claims on
foreigners.
Speci fically, Table CM-V-] combines short-term and longLe rm
laims
Table CM-V-2 shows total claims by country and replaces
former Tables CM-V-2 and CM-V-7.
Current Tahle CM-V-3 shows total
c laims
by type and country and includes 1 terns that were not reported
separately prior to end-year
1978.
TaMes CM-V-6, CM-V-S, and CM-"-b
no longer appear.
<_
;
m
investments
the balance of payments accounts.
The data exclude
securities issued ahroad hy foreign subsidiaries of U.S. corporations,
some of which are t re a ted in the balance of payment s as issues of U.S.
corporat
i
'tis
.
T he
geographical hreakdown of the data on securities transactions
shows the country of domicile of the foreign buyers and sellers of the
securities; in the case of outstanding issues, this may differ from the
country of the original
issuer.
The eross
fieures contain some
offsetting transactions between foreigners.
The net figures for total
transactions represent transact ions hy foreigners wi th United St ates
residents: hut the net figures for transactions of individual countries
and areas mav include some transact ions net ween foreigners of different
countries.
Beginning
with
data
for
l^hQ,
between
transact ions
foreigners in new issues not offered for sale to United States residents
hut managed by undervr 1 prs in the United St ates are exc luded from the
nross fieures
1
.
Section VI contains data on transactions in all types of long-term
domes t ic and foreign securities hv fnreieners as reported hv hanks and
hrukers in the United States (except nonmarket ahl e U.S. Treasury notes,
foreign series; and nonmarketable U.S. Treasury bonds and notes, foreign
c urrency
series,
which are shown
in
the
"International
Pinanc al
Statistics" section, Table IFS-4)
The data cover new issues of
secur it les
transact ions
in
out stand ing
and
redempt ions of
ssues
securities.
They include transactions executed in the United States for
iun[
of foreigners, and transactions executed ahroad for the
account of reporting institutions and their domestic customers,
The
data
include
some
transactions
which
are
c ass f ted
d irect
t
,
i
,
I
\J
The data pub! ished in these sect ions do not cover al
types of
reported capital
movements between the "ni ted States and
foreien
The principal
countries.
exel us ions
are the intercompany capital
transactions of business enterprises in the "ni ted St ates with their own
h ranches and subsid taries abroad or with their foreign parent companies
and capital transactions of the United States Oovernment.
Consolidated
data on all types of international capital transact ions are publ ished by
the Department of Commerce in its regul ar reports on the Hn ited States
balance of payments
l
Copies of the reporting forms and instructions may be obtained from the Office of International Financial
Reports, Office of the Assistant Secretary for International Affairs, "GDartment of the Treasury,
Washington, D.C.
20220, or from Federal Reserve banks.
1
December 1981
11
CAPITAL
Section
I
-
Liabilities
to
Table CM-I-1.
MOVEMENTS
Foreigners Reported by
-
Total
Liabilities
Banks
in
the
United States
by Type of Holder
(In millions of dollars)
International and regional
Foreign countries
End of
calendar year
or month
Total
liabilities
Official Institutions
Total
Payable
In dollars
Payable
In dollars
Payable
in foreign
currencies
(2)
(3)
40,093
44,233
53,196
53,201
1975
1976
1977
1978
1979
I960
61.689
70,535
96,128
96,056
96,147
111,430
127,065
169,504
189,438
209,044
90,998
78,206
86,624
39,922
44,105
53,069
53,076
50,461
54,956
65,822
90,742
78,206
86,624
1980-Nov
Dec
207,547
209,044
84,650
86,624
84,650
86,624
120.383
120,043
1981-Jan
Feb
Mar 3/
83,568
82,013
87,765
87,797
87,233
81,434
82,953
83,568
82,013
87,765
87,797
87,233
81,434
82,953
120,582
121,213
Apr
Hay
June
206,145
205,264
206,808
208,583
216,474
216,786
211,830
July
Aug
Sept. p
Oct. p
216,708
211,076
218,801
200,769
81,596
75,858
73,044
69,683
81,596
75,858
73,044
69,683
133,305
133,558
143,926
129,100
50,461
54,956
65,822
Total liabilities Include liabilities previously classified
as either "short-term" or "long-terra" on the Treasury reports
filed by banks.
The maturity distinction was discontinued with new
reports filed as of April 30, 1978, and historical series
See introductory text to Capital
adjusted accordingly.
Movements tables for discussion of changes in reporting.
Includes Bank for International Settlements.
Principally the International Bank for Reconstruction and
Development and the Inter-American Development Bank.
e:
Payable
In foreign
currencies
Total
(8)
(0
1972
1973
1974 3/
171
_4/
4/
4/
127
127
127
2/
Banks and other foreigners
1/
19.629
23,587
38,959
38,860
39,982
50,764
57,985
75,885
108,870
120,043
1 1
7
,
1
58
118,902
127,395
133,470
127,091
19,283
Payable
In dollars
Payable
In foreign
currencies
(9)
(10)
.
Treasury Bulletin
72
CAPITAL MOVEMENTSSection
-
1
Liabilities
Table CM-I-2.
to
-
Foreigners Reported by Banks in the United States
Total Liabilities by Type, Payable in Dollars
Part A
-
Foreign Countries
(In millions of dollars)
Official Institutions
Total
foreign
countries
Demand
Deposits
"-S.
12
End of
calendar
year
or month
Other foreigners
1/
Tlme 2/
Treas.
bills 4
certlfIcates
(4)
Other
liabilltles 2/
(5)
Demand
Time It
2/
bills &
certlflcates
Other
liabllltles 11
(H)
68
1,032
2,729
2,729
3,796
3,744
277
277
1,581
1,743
19,588
4,823
325
1,704
25,652
6,524
198
2,078
10,933
29,222
7,546
240
2,645
11,257
7,126
8,353
285
3,189
8,755
382
4,418
2,880
2,880
31,453
31,453
1973
67,222
2,125
3,911
31,511
6,558
6,941
1974 4/
91,389
91,297
2,951
2,951
4,257
4,167
34,656
34,656
11,205
11,302
8,248
8,231
1,911
1975
89,891
2,644
3,423
34,199
10,195
7,534
1,873
1976
104,943
3,394
2,321
37,725
11,516
9,104
1977
122,893
3,528
1,797
47,820
12,677
1978
164,235
3,390
2,560
67,415
17,376
1979
185,164
4,671
3,050
47,666
22,819
13,285
1,667
4,658
4,658
(8)
9,510
9,510
405
405
10,034
1,910
1980
202,953
3,771
3,612
56,243
22,997
1980-Nov
Dec
202,315
202,953
3,553
3,771
3,588
3,612
55,104
56.243
22,404
22,997
13,714
14,188
1,782
1,703
1981-Jan
Feb
June. ...
200,436
199,512
201,694
203,430
211,398
211,676
207,022
3,869
3,580
3,338
3,232
3,768
3,444
3,975
3,343
2,997
2,920
2,950
2,424
2,654
2,563
56,522
56,988
60,492
60,492
61,671
57,858
57,719
19,834
18,449
21,014
21,123
19,370
17,478
18,696
12,889
14,287
12,565
12,567
13,493
13,394
13,628
1,857
1,813
2,324
2,305
1,549
1,685
1,728
July
Aug
Sept. p.
Oct. p..
211,880
206,394
214,104
195,918
3,134
3,714
2,697
2,668
2,090
2,021
55,659
52,921
50,179
48,867
20,713
17,202
18,187
16,456
12,929
13,255
15,199
11.309
1,573
1,686
1,880
1,663
Includes Bank for International Settlements.
Time deposits exclude negotiable time certificates of deposit, which
are included In "Other liabilities."
Data not available separately prior to April 1978.
Data on the two lines shown for this date differ because of changes
in 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.
Prellmlnaty.
e
569
568
1,591
1,591
1,981
1,693
Demand
65
65
59,205
59,204
Apt
3/
2,116
2,116
V
May
foreign
offices
1,955
1,955
(3)
Mar. kl
To own
(13)
(7)
(2)
3,998
3,998
Other
llahllltles 2/
(12)
(6)
(1)
1972
U.S.
Treas.
U.S.
Treas.
bills 4
certificates
232
232
422
19,546
19,355
9,125
63,817
623
11,231
9,676
474
529
11,328
11,231
70,458
68,670
5,393
5,356
9,184
9,676
513
474
4,764
4,408
70,125
68,973
66,844
66,877
74,980
81,556
74,042
5,179
5,246
5,259
5,270
5,205
5,209
5,346
10,628
10,892
10,961
10,995
11,677
11,640
12,275
432
827
839
945
1.170
11,157
10,820
10,568
11,940
11,722
10,963
10,896
3,970
4,303
3,976
4,162
1,069
1,217
1,439
1,574
11,518
10,874
11,384
11,838
80,717
80,416
87,556
75,649
5,116
4,871
5,444
4,861
12,719
13,483
13,380
14,084
575
624
654
623
631
714
826
449
607
690
709
3,991
581
4,269
4,415
568
905
4,066
4,109
4,124
4,351
.
December 1981
73
.CAPITAL MOVEMENTS.
Section
I
-
Liabilities
Table CM-I-2.
Part B
-
-
to
Foreigners Reported by Banks in the United States
Total Liabilities by Type, Payable in
Dollars— Continued
Nonmonetary International and Regional Organizations
(In millions of dollar9)
U.S. Treasury
bills and
End of
calendar year
or month
202
83
326
296
497
497
2,554
2.701
706
1,968
2.716
3,973
3,992
5,696
5,705
3,245
2,607
2.356
2,344
86
101
139
139
139
290
330
260
146
148
205
139
84
151
85
1980-Nov
Dec
2,477
r2,342
187
146
92
337
85
254
1981-Jan
212
186
126
1'6
178
147
224
71
..
1,961
2,003
1,854
1,854
1,816
1,814
1,777
76
67
67
81
80
75
88
368
333
333
63
213
289
July
Aug
Sept. p.
Oct. p..
1,797
1,650
1,826
1,981
222
75
233
249
59
60
185
58
1972
1973
1974
_2/
1975
1976
1977
1978
1979
1980
Feb
Mar. 2/
Apr
May
June.
.
Other
liabilities
certificates
231
111
111
201
102
254
247
84
96
184
1,
\l
Treasury Bulletin
74
.CAPITAL MOVEMENTS
Section
I
-
Liabilities
Foreigners Reported by Banks in the United States
to
Table CM-I-3.
-
Total Liabilities by Country
(Position at end of period In millions of dollara)
Calendar year
Europe
Austria
Belgium-Luxembourg
Bulgaria.
Czechoslovakia
Denmark.
Finland
France. ....................
German Democratic Republic.
Germany
Greece
Hungary.
Italy
Netherlands
Norway
Poland
Portugal
Soman la
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
514
2,780
426
2,490
4.357
29
64
116
535
31
14
16
1.947
1,093
399
10,547
60
13,105
636
499
456
12.256
347
9.338
42
17,696
826
103
7,778
2,416
1,273
74
10,145
670
299
259
225
11,125
11.458
93
9,692
513
235
9,301
7,188
38
24
35
59
9.727
9,168
6,688
533
29
7,397
492
8,543
507
578
496
37
122
332
23
16
31
878
3,126
18,652
318
14,617
1,275
2.009
18.652
224
24,851
1,514
1,756
16.952
132
337
42
1,687
242
185
194
23.098
25.999
24.924
82
254
53
68
85
Total Latin America and
Caribbean
Mainland
Taiwan
Hong Kong.
India
Indonesia.
Israel
Japan.
Korea
Lebanon....
Halayala
Pakistan
Phi 1 lpplnes
Singapore.
Syria
Thailand
Oil-exporting countries 1^.,
Other Asia
,
,
,
Total Asia
Africa:
Egypt
Ghana...
Liberia
Morocco.
South Africa
Zaire
Oil-exporting countries 2/..
Other Africa
Total Africa
Other countries:
Australia
All other
Total other countries
Total foreign countries
1,156
38
822
254
924
251
2,509
16,056
21
166
200
7,701
4,725
2.149
1,756
130
456
Asia:
China:
Total International
and regional
15
449
29
Latin America and Caribbean:
Argentina...
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antlllea
Panama
Peru
Trinidad and Tobago
Uruguay......
Venezuela.........
Other Latin America and
Caribbean
591
3.819
112
310
11.581
3.067
2.185
1,655
Total Europe
598
5,030
66
4 34
61
3,460
614
4,389
281
7,621
2,475
1,353
376
612
4,908
527
56
Canada:
Grand total
541
,204
7,808
2,361
1,273
130
559
107
International and regional:
International
European regional.
Latin American regional....
Asian regional
African regional
Middle Eastern regional....,
495
5,694
109
1,206
2,195
16,047
6,239
1,808
1,301
110
449
68
1,336
1,879
16,522
356
23,716
46
189
48
41
46
6,480
1,767
1.240
6,277
2,264
5,952
2,196
1,464
115
462
82
1,416
1.681
16,629
208
1,022
98
486
107
1,206
2,103
17,158
237
24,689
26,644
34
28
112
424
98
991
1,610
17,292
254
24.334
42
December 1981
75
-CAPITAL MOVEMENTS"
Section
I
-
Foreigners Reported by Banks in the United States
Total Liabilities by Type and Country, aa of October 31,
Preliminary
Liabilities to
Table CM-I-4.
-
(
Total
Pob 1
1
ton In millions of dollars)
Liabilities payable In dollars
liabilities
To for
Payable
Payable
Total
In
dollars
In
foreign
currenles 1/
Banks
own Habllltles
Custody
Uabllitles
1981
Treasury Bulletin
76
CAPITAL MnvPMFMTo
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-IM.
-
in the
United States
Total Claims by Type
(OLD SERIES)
(In millions of dollars)
Payable In foreign currencies
Payable In dollars
End of
calendar
year
or month
Total
claims
Deposit b
Loans
Total
Official
lnstltutlons
Banks
Other
forelgners
Collectlons
outstanding
for
account of
reportlng
banks and
domestic
customers
1972 \f
20,425
20,739
11
19,539
19,853
10,213
10,259
(4)
(5)
(6)
996
1,007
3,405
3,400
5,811
5,852
(7)
3,269
3,276
Acceptances
made for
account
of forelgners
of
Other
claims
Total
(8)
(9)
(10)
3,204
3,226
2,853
3,092
886
886
reporting
banks and
domestic
customers
with forelgners
(II)
441
441
Other
claims
(12)
445
445
.
December 1981
77
CAPITAL MOVEMENTSSection
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-3. - Total Claims by Country
(Position at end of period In millions of dollars)
Europe:
Austria
Belgium-Luxembourg.
Bulgaria
Czechoslovak! a
163
1,600
63
10
Denraa rk
Finland
Prance
German Democratic Republic.
Germany
Greece.
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania......... ...........
Z70
328
4,502
67
1,327
241
33
1,715
804
323
411
189
108
1,252
Spat n
Sweden. ....................
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
581
1,679
365
14,124
438
445
147
298
1.604
84
12
165
232
4,107
67
1.566
224
421
1.063
632
300
613
352
129
1,223
635
1.338
188
24.168
346
681
209
Total Europe
Canada
Latin 4ae r 1 c 3
n
>j
Cj
r
I
blf an:
Argentina. .................
Bahamas
Bermuda.
Brazil
British West Indies
Chile
Colombia.
Cuba
Ecuador.
Guatemala..
Jamaica
Mexico
Netherlands Antilles
Panama....
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean.
2,469
21,859
391
6.696
9.791
1,062
1,068
4,662
19,102
478
8.244
10.226
1,499
1.660
2
16
773
1,105
162
55
114
48
5,705
298
3,125
928
59
67
9,360
277
6,109
685
69
130
5,007
1,722
Total Latin America and
Caribbean
Asia:
China:
Mainland.
Taiwan
Hong Kong
India
Indonesia
Israel
Japan. .....................
Korea
Lebanon.
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Oil-exporting countries II .
Other Asia
1,804
1,518
70
198
931
13.983
2,462
61
202
164
726
1,393
45
2.161
1,859
116
172
1,057
18,181
3,946
62
233
388
789
1.178
18
22
777
3,508
973
1,896
233
108
124
25
271
130
Total Asia
Africa:
Egypt
Ghana...
Liberia
Morocco
South Africa
Zaire
011-exportlng countries
Other Africa
V
.
Total Africa
Other countrlea :
Australia.
All other
Total other countries......
Total foreign countries....
International and regional:
International. .............
European regional.
Latin American regional....
Aalan regional
African regional
Middle Eastern regional....
Total International
and regional.............
Grand total.......
1,070
180
603
647
401
4 56
164
550
263
Treasury Bulletin
78
CAPITAL MOVEMENTS
Section
II
-
Claims on Foreigners Reported by Banks in the United States
Table CM-II-4.
- Total Claims on Foreigners by Type and Country
Reported by Banks in the U.S. as of September 30, 1981
Preliminary
(Position at end of period
In
mllll
of dollars)
Reporting hanks'
Claims of banks' domestic customers
Memorandum
Total
claims
Total
banks'
own
claims
Remaining maturity of
claims on foreign public
borrowers ami unaffiliated
foreigners
One year
More than
or less
one year
On own
foreign
offices
Total
claims
payable
In foreign
currencies
Customer
liability
on acceptances
Payable
19
December 1981
.CAPITAL MOVEMENTS*
Section
II
-
Claims on Foreigners Reported by Banks
Table CM-II-5.
-
Banks'
Own
(In millions of dollars)
Payable In dollars
Claims on unaffiliated foreigners
End of
calendar year
or quarter-end
month
Total
report Ing
banks'
own
claims
Total
(1)
(2)
Claims
Remaining maturity
One year or less
On foreign
On all
public
borrowers
other
foreigners
(3)
(4)
Over
:tne
On foreign
public
borrowers
(5)
year
On all
other
foreigners
(6)
in the
Claims, by Type
United States
n
Treasury Bulletin
80
CAPITAL MOVEMENTS'
Sectioa
Table CM-II-6.
-
II
Banka'
-
Claims on Foreigner* Reported by Banks
Own Claims
by Type and Country, Payable
in
in
the
United States
Dollars,
as
Preliminary
(Position In millions of dollars)
On foreign public
borrowers and unaffiliated
Country
foreign hanks
(I)
Europe:
Austria
Belgium-Luxembourg
Bulgaria.
Czechoslovakia
,
Denmark
Finland
Prance
German Democratic Republic.
Germany....
Greece
Hungary
Italy
Netherlands
No rvay
Poland
Portugal
Romania
138
108
1.755
1,048
186
397
136
23
18
2,563
95
846
229
666
4,322
565
227
710
353
93
Spal
1,627
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
871
1,471
153
15,516
203
954
Total Europe
91
323
103
660
2,953
355
139
69]
311
90
89R
703
397
149
8,652
181
8 30
148
82
34,131
21,069
Canada
2,974
Latin America and Caribbean:
Argent laa
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
5.885
36,609
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Other Asia
16
10,352
17,022
2,565
1,529
7,041
1.968
1,843
1,033
4
,
1,282
126
39
,
,
,
,
17,130
928
5,776
794
90
.,
166
,
5,268
,
1,775
,
,
,
,
,
,
,
148
2,359
3,775
176
267
1,200
22,746
6,563
56
98
348
1,448
1,608
16
559
1,775
Total Asia
43,141
Africa:
Egypt
Ghana
41
Liberia
Morocco
South Africa
322
269
852
Zaire
Other Africa
Total Africa
:
Australia
All other
Total other countries
Total foreign countries
International and regional:
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total International
and regional
Grand total
3,963
3,022
335
Asia:
China:
Other countries
285
1,844
870
On banks'
own
foreign offices
of
October 31, 1981
.
'
December 1981
81
-CAPITAL MOVEMENTSSection
II
-
Claims on Foreigners Reported by Banks
Table CM-II-7.
-
in the
United States
Domestic Customers' Claims by Type
(Position In millions of dolLars)
Payable In foreign currencies
Payable In dollars
End of calendar
year or quarterend month
Total
claims of
banks
domes t lc
customers
(1)
Deposits
Negotiable
and readily
transferable
Instruments
(4)
(2)
Collections
and
other
Total
(5)
(6)
Deposits
(7)
Other
(8)
1978-June....
Sept
Dec
9,940
9,528
11,601
9,131
9,082
11,243
419
500
480
3,711
3,735
5,396
5,001
4,847
5,366
809
446
250
89
559
357
358
57
301
1979-Har
June, ..
Sept....
13,640
14,567
719
5,646
5,911
6,091
6,032
149
196
187
422
20,666
683
975
955
6,800
7,397
12,236
13,100
475
Dec. ....
13,165
13,993
19,302
20,087
1980-Mar
June. . .
Sept....
Dec
23,643
25,956
26,085
27,068
22,584
25,158
25,490
26,106
1,208
910
1,081
885
14,763
17,444
15,260
15,574
6,613
6,804
9,148
9,648
1,058
1981-Har. _l/.
31,499
32,272
34.112
35,803
31,055
31,828
33,764
35,556
847
1,011
743
992
19,452
20,064
23,514
25,191
10,756
10,753
9,507
9,373
June. . .
Sept. p.
19,911
Data on the two lines shown for this date differ because of changes
in reporting coverage.
Figures on the first line are comparable in
coverage to those shown for the preceding date; figures on the second
line are comparable to those shown for the following date.
Preliminary.
574
609
579
326
377
205
374
798
576
238
595
962
147
483
560
448
680
282
444
444
100
100
347
39
245
73
344
344
308
172
Treasury Bulletin
82
CAPITAL MOVEMENTS
Section
III
-
Supplementary Liabilities and Claims Data Reported by Banks in the United States
Table CM-III-1.
-
Dollar Liabilities
to,
and Dollar Claims
on,
Foreigners in Countries and Areas Not Regularly Reported Separately
(Position at end of period In millions of dollars?
Total liabilities
Country
Calendar year
June
Other Europe
Cyprus
Iceland
Ireland
Monaco
Other Latin America and
Caribbean
Barbados
Belize
Bolivia
Costa Rica
Dominican Republic
El Salvador
French West Indies and
French Guiana
Guyana
Haiti
Honduras
Nicaragua
Paraguay
Surlname
Total banks' own claims
Calendar year
December
June
59
37
32
36
105
210
212
55
122
236
153
166
139
188
189
355
301
243
216
340
275
168
191
188
217
363
253
229
401
243
369
279
20
36
63
141
165
83
16
14
22
9
n.a.
135
18
5
5
191
21
19
49
28
15
85
170
230
68
66
196
187
88
26
82
241
153
13
14
15
19
105
48
84
116
57
105
139
67
70
2
2
22
Rl
197
126
100
81
Other Asia
Afghanistan
Bangladesh
35
Brunei
Burma.
Jordan
Kampuchea (formerly Cambodia)
Macao
Nepal
Sri Lanka
5
9
29
65
35
Vietnam
Yemen (Aden)
Yemen ( Sana)
35
10
93
48
10
26
17
Other Africa
Angola
Burund 1
Cameroon
Ethiopia, Including Eritrea...
Guinea
Ivory Coast
Kenya
Madagascar
Mauritania
Mauritius
Mozambique
Niger
Rwanda
Sudan
Tanzania
Tunisia
Uganda
Zambia
All Other
New Hebrides
New Zealand
Papua New Guinea
U.S. Trust Territory of
the Pacific Islands
18
19
52
6
36
5
36
63
1
7
33
59
61
25
53
77
15
22
28
64
20
9
47
21
58
15
21
5
6
16
8
10
33
9
19
31
25
32
15
22
46
48
41
74
14
18
19
21
53
76
4
12
12
7
11
10
14
6
15
5
19
9
2
23
23
43
49
50
32
22
25
25
12
in
12
40
33
27
21
19
17
12
40
n.a.
72
28
27
27
9
125
23
148
31
157
177
15
14
23
15
180
23
17
23
6
26
71
December
December 1981
83
.CAPITAL
Section
III
-
MOVEMENTS.
Supplementary Liabilities and Claims Data Reported by Bank* in the United States
Table CM-III-2
-
Dollar Claims on
Nonbank Foreigners
(Position at end of period In millions of dollars)
End of calendar
year or month
Total dollar
claims on nonbank foreigners
Dollar claims of U.S. offices
U.S. agencies &
branches of forelgn banks
U.S. -based
banks
Dollar claims of
U.S. -based banks
major foreign
branches 1/
(1)
(2)
(3)
(4)
1112,883
1978
1979
1980
116,807
136,779
20,399
23,824
28,751
13,180
21.651
28,653
69,404
71.332
79,375
1980-Sept
Oct
Nov
Dec
130,737
131,936
134,254
136,779
26,806
26,811
26,865
28,751
26,824
27,660
29,063
28,653
77,107
77,465
78,326
79.375
136,143
137,111
r!40,857
rl41,230
rl42,781
rl43,084
146,257
28,537
28,809
r29,543
r29,916
r30,635
r31,044
32,898
28,449
28,201
r28,865
r28,865
r28,S73
r28,418
28,974
79,157
80,101
82,449
82,449
83,273
83,622
84,385
147,060
150,096
151,872
32.132
32,541
32.282
29,851
30,601
31,056
85,077
86,954
88,534
1981-Jan
Feb
Mar
V
Apr
Hay
June
July
Aug. p
Sept.p
1_/
2/
Federal Reserve Board data.
Data on the two lines shown for this date differ hecause 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
r
Preliminary.
Revised.
Treasury Bulletin
84
CAPITAL MOVEMENTS
Section IV - Liabilities to Foreigners Reported by Nonbanking' Business Enterprises in the United States
Table CM-IV-1. - Total Liabilities by Type
(In millions of Hollars)
End of
calendar year
or quarter-end
month
Payable In
dollars
Total
liabilities
Payable In
foreign
currencies
(1)
1078
1978
1/
-!'
7/
i'
1979
1980-June
Sept
Dec
1981-Mar
June
1/
M7.104
7,186
8,800
9,740
9.390
10,284
319
11,527
14.020
484
466
713
900
605
709
801
98S
3.429
3,075
18,640
18,682
21,235
21,646
20,937
15,210
15,345
17,527
18,121
17.782
3,430
3,337
3.709
3,525
3,154
[
6,174
\
6.55(1
6,650
7.017
7,809
9.799
10,345
10,090
11,085
/ I2 - S07
\ 14,956
.
l3Ti -'
1973
1974
1975
1976
1977
p
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.
U
'
Introductory text to Capital Movements Section for explanation
of changes in reporting,
II See
p
Preliminary,
.
December 19M1
85
CAPITAL MOVEMENTS.
Section IV
-
Liabilities
to
Foreigners Reported by Nonbanking Business Enterprises
Table CM-IV-2. - Total Liabilities by Country
(Position at end of period In millions of dollars)
Calendar year
Europe
Austria
:
Be
I
/.
i
urn --:.(•<
in
I-
r
'
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany..
Greece
Hungary
Italy
Netherlands
Norway...
Poland
Portugal
Romania
Spain.
,
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
21
27
57
343
n.a.
n.a.
299
n.a.
541
3ft
9
3
230
n.a.
561
49
n.a.
200
421
12
n.a.
13
n.a.
44
7 2
449
14
2,265
24
123
,
Total Europe
Canada
i
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica.
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean.
:
45
440
n.a.
77
n.a.
18
13
*
n.a.
n.a.
n.a.
120
37
36
25
n.a.
4
222
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indones la
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries
Other Asia
:
I
110
41
2 3
9ft
42
589
71
n.a.
n.a.
n.a.
62
n.a.
n.a.
25
21
.
n.a.
1,344
?,40h
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco,
South Africa
Zaire
011-exportlng countries
Other Africa
:
n.a.
n.a.
45
54
_3/
Total Africa
Other countries
:
Australia
Ail other
Total other countries
Total foreign countries...
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total international
and regional
Grand total
:
208
n.a.
208
10,099
in
the United States
86
Treasury Bulletin
-CAPITAL MOVEMENTSSection IV
-
Table
Liabilities
CM -IV-3.
to Foreigners
Reported by Nonbanking Business Enterprises
Total Liabilities by Type and Country ai oi
in the
June 30, 1981
United States
Preliminary
(Position in millions of dollars)
Commercial Liabilities
Financial Liabilities
Total
Europe;
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Po land
Po r t uga 1
Romania
Spain
Sweden
SwitzerlandTurkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
13
,
,
,
918
12
1,086
471
849
25
50
251
93
696
4
4,287
9
,
Total Europe
Canada
,
Latin America and Caribbean:
Argentina
Bahamas
Bermuda
Br a2il
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
142
1,260
1.V.B
35
36
*
20
22
8
425
213
260
25
381
Total Latin America and
Caribbean
Asia:
China:
Mainland
Taiwan
Ho ng Kong
73
27
180
India
Indonesia
Israel
Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
133
1,597
181
5
41
3
68
52
2
Total Asia
Africa:
Egypt
33
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
10
17
138
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
Middle Eastern regional
Total international
and regional.
Grand total
Payable
In dollars
Payable
In foreign
currencies
Trade
Payables
87
December 1981
.CAPITAL MOVEMENTS
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-1.
-
Total Claims by Type
(In millions of dollars)
End of calendar year
or quarter-end month
1972 1/
1973
1974
1975
1976
1977
1978 1/ II
1979
1980-June
Sept
Dec
1981-Mar
June
1/
p
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.
in
the United States
I
.
Treasury Bulletin
88
CAPITAL MOVEMENTS
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises in the United States
Table CM-V-2.
-
Total Claims by Country
(Position at end of period In millions of dollars)
Calendar year
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France.
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
:
No rway
Poland
Po r t uga
Rom,
lla.
Spain
Sweden
Switzerland....
Turkey
United Kingdom.
U.S.S.R
Yugoslavia. .
Other Europe.
Total Europe.
32
December 1981
89
-CAPITAL MOVEMENTS-
Section
V
-
Claims on Foreigners Reported by Nonbanking Business Enterprises
Table CM-V-3.
-
Total Claims by Type and Country as of
Jon* 80, 1981
(Position In millions of dollars)
in the
United States
Preliminary
Treasury Bulletin
90
CAPITAL MOVEMENTS
Section VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-1.
Foreign Purchases and Sales of Long-Term Domestic Securities by Type
-
(In millions of dollars; negative figures Indicate net gales by foreigners or a net outflow of capital from the United States)
Marketable Treasury bonds and notes
U.S. Gov't corporations and
Corporate and other securities
Federally-sponsored agencies
Net foreign purchases
Bonds If
Foreign countries
Calendar year
or month
Total
CD
1972
3,316
1973
305
1974
-472
1975
1,995
1976
8,096
1977
22,843
1978
4,710
1979
2,863
1980
4,898
1981-Jan.-0ct. p.. 12,325
Official Other
lnstlforeigntutlons era
<2)
International
and
regional
(4)
(3)
-22
57
5
-165
101
180
2,702
1,713
3,281
465
-642
1,612
5,117
20,377
3,729
1,697
3,865
10,490
868
1,873
2,002
69
203
277
753
598
384
299
-841
-166
1980-Oct
Nov
Dec
680
664
663
301
490
-222
-127
198
-335
295
238
1981-Jan
Feb
1,035
1,768
1,525
865
1,404
1,084
495
223
273
147
-54
21
-148
321
373
141
27
145
315
389
36
Mar
Apr
Hay
June
368
721
July
Aug
Sept,
Oct. p
ij
1,266
980
1,149
1,799
1,213
1,480
798
1,532
1,378
1,633
239
91
294
-121
-219
-218
54
65
Gross
foreign
purchases
Gross
foreign
sales
-
Gross
foreign
purchases
Gross
foreign
sales
Net
foreign
purchases
Gross
foreign
purchases
Calendar year
purchases
Gross
foreign
purchases
(14)
Gross
foreign
sales
(12)
(13)
1,881
1,961
1,039
766
1,202
1,617
1,024
733
2,904
3,277
4,723
5,828
8,621
5,408
5,529
3,592
3,459
3,352
5,703
6,296
2,842
3,867
7,582
4,642
4,327
1,975
2,435
2,618
2,799
3,019
2,188
2,790
540
4,678
2,753
2,675
2,423
1,679
5,418
5,285
14,361
12,767
7,636
15,355
18,227
14,154
20,145
22,783
40,270
34,875
12,173
9,978
7,096
10,678
15,475
11,479
17,723
21,104
34,852
29,589
302
83
157
515
246
381
212
164
224
522
602
888
645
4,423
4,437
4,323
3,900
3,548
3,678
643
658
956
510
473
953
263
393
767
156
193
487
492
230
598
2
1,056
802
980
1,128
507
954
1,054
420
390
984
205
286
264
196
497
621
409
638
719
1,217
967
3,417
2,721
3,951
4,034
4,076
4,384
2,796
2,313
3,313
3,315
2,860
3,417
349
46
236
-79
930
642
847
760
582
596
611
725
964
198
231
21
42
462
406
3,455
3,152
2,846
2,838
3,257
3,206
2,322
2,791
4,358
2,738
3,382
8,898
25,610
39,818
32,362
41,267
51,170
51,857
1,043
2,433
3,854
6,903
17,514
16,974
27,651
38,404
46,273
39,532
n.a.
n.a.
n.a.
n.a.
n.a.
2,712
1,273
545
2,557
1,787
4,015
4,017
5,754
3,335
3,352
5,557
550
209
-36
1,077
947
527
566
3.316
5,192
7,161
4,749
5,129
7,212
2,281
3,423
5,636
4,381
4,408
5,946
413
144
4,125
4,977
5,646
4,351
2,976
3,177
4,433
2,870
(7)
24
618
35
(8)
n.a.
n.a.
n.a.
n.a.
n.a.
4,297
4,526
5,519
9,722
8,607
(9)
n.a.
n.a.
n.a.
n.a.
n.a.
1,585
3,253
4,974
7,165
6,820
7
39
839
529
238
297
440
364
-54
525
47
Preliminary.
Not available.
Foreign Purchases and Sales of Long-Term Foreign Securities by Type
Foreign bonds
or month
Net
foreign
(11)
(6)
(In millions of dollars; negative figures indicate net sales by foreigners or a net outflow of capital
Net
Gross
foreign
sales
(10)
(5)
Data Include transactions in Issues of states and municipalities.
Through December 1976, data also Included transactions In Issues
of U.S. Government corporations and Federally-sponsored agencies.
Table CM-VI-2.
Net
foreign
purchases
Stocks
from the United States)
Foreign stocks
December 1981
91
-CAPITAL
Section VI
Table CM-VI-3.
-
-
Transactions
in
MOVEMENTSLong-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Net Foreign Transactions in Marketable Treasury Bonds and Notes by Country
(In millions of dollars; negative figures
Indicate net galea by foreigners or
a net
outflow of capital from the United States)
1981
Calendar year
1981
through
Oct. p
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia..
Denmark.
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
-10
61
*
3.943
12
447
22
108
37
*
*
13
136
362
-312
480
-3,5X5
-85
1.S41
Total Europe
-136
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British Weat Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru.
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
-4
22
*
*
2
-84
*
*
-8
5
*
•
-55
-13
Total Latin America and
Caribbean
-136
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan.
•
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Oil-exporting countries 2./..
Other Aaia
:
-8
5
4 ,668
12
-30
-21
-69
-33
-1,785
*
2,743
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Oil-exporting countries^/..
Other Africa
20
3
;
:
:
*
-14
-14
Total other countries
4,326
Total foreign countries
International and regional
International
European regional
Latin American regional
Asian regional
African regional
Middle Eastern regional
Total international
and regional
Grand tota 1
1/
329
1JO
Total Africa
Other countries
Australia
All other
*
*
:
44 3
-59
184
4,710
Includes, Bahrain, Iran, Iraq, Kuwait, Oman
the United Arab Emirates (Truclal States).
-30
-52
-38 3
24
120
-93
-87 7
-267
Treasury Bulletin
92
-CAPITAL MOVEMENTS8ection VI - Transactions in Long-Term Securities by
Reported by Banks and Brokers
in
the
Foreigners
United States
Table CM-VI-4. - Estimated Foreign Holdings of Marketable Treasury Bonds and Notes by
(Position at end of period In millions of dollars)
Calendar year
Europe:
Austria
Belgium-Luxembourg
Bulgaria \J
Czechoslovakia 1/
Denmark.
Finland
France
German Democratic Republic
Germany
Greece
Hungary \J
Italy
Netherlands
Norway
Poland \J
Portugal
Romania 1/
Spain
Sweden
Swl t zer land
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
10
19
n.a.
n.a.
1
22
_[_/.. ..
129
n.a.
7,110
10
n.a.
4
1,358
82
n.a.
*
n.a.
,
2
285
977
*
5,373
Total Europe
Canada
Latin America and Caribbean:
Argentina
Bahamas
Bermuda ]J
Brazil
British West Indies 1/
Chile
Colombia
Cuba
Ecuador \J
Guatemala 1/
Jamaica _l/7
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago l)
Uruguay
Venezuela
Other Latin America and
Caribbean
*
*
n.a.
*
n.a.
2
69
*
n.a.
n.a.
n.a.
21
162
12
*
n.a.
*
144
7
Total Latin America and
Caribbean
416
Asia:
Chins:
*
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Korea
Lebanon 1/.
Malaysia 1/
Pakistan 1/
Philippines
Singapore \J
Syria U
Thailand
Other Asia
*
110
15
*
11,528
381
n.a.
n.a.
n.a.
ft
n.a.
n.a.
103
9,343
Total Asia
Africa:
Egy pt
Ghana
21,488
*
1/
n.a.
n.a.
,
Liberia \J
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
Middle Eastern regional
Total International
and regional
Grand total
,
5,089
41
*
n.a.
5, 130
43,351
11
Country
December 1981
93
CAPITAL MOVEMENTSVI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-5. - Net Foreign Transactions in Long-Term Domestic Bonds,
Other than Treasury Bonds and Notes, by Country
Section
(In millions of dollars; negative flgur.
ndlcate net galea by foreigners or
Calendar ye
1981
through
Oct. p
-23
a net
outflow of capital from Che United Scates)
.
Treasury Bulletin
94
-capital
movements-
- Transactions in Lonf-Ttrm Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-6. - Net Foreix* Transactions in Domestic Stocks by Country
Sag tio a VI
(In mllllona of dollars; negative figures Indicate net sales by foreigners or a net outflow of capital from the United States)
Calendar year
1081
through
net. p
Europe
:
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
France
German Democratic Republic.
Germany
Greece
Hungary
5
4
10
-51
-17
-87
*
*
*
-1
-1
*
440
3
137
*
620
-215
11
9
161
33
*
*
-
Italy
-14
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
Uni ted 1U ngdoo
U.S.S.R
Yugoslavia
Other Europe
-22
-8
-71
-5
-328
12
47
-5
*
-
-16
-585
1
,
393
-IS
-20
16
1
*
-1
-
887
-6
*
-7*3
-2
1
5
-
1
-
8
-519
-2
308
3
194
2
*
*
-1
,230
-
964
2,523
1,939
*
*
*
-11
Total Europe....
Canada .
Latin America and Caribbean :
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
,
Peru
Trinidad and Tobago.........
Uruguay
Venezuela
Other Latin America and
Caribbean
Total Latin America and
Caribbean
2
4
42
44
27
70
21
-10
2-3
-23
31
-63
*
-3
2
1
8
-1
*
-
*
-1
*
-2
•
*
*
1
-2
10
1
-4
-2
-39
-2
*
*
*
*
*
*
*
*
4
11
-17
-]_
-1
l
7
^19
148
13
8
151
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia.....
Israel
1
*
-1
79
17
:
-Japan
Korea
Lebanon
Malaysia
Pakistan
Philippines
Singapore
*
*
*
-10
116
2
93
-2
179
2
*
*
11
1
*
*
-6
76
127
-155
*
1
7
1
*
*
*
*
-in
*
*
*
*
-1
*
2
-14
3
*
Syr ia
*
*
Thailand
Oil-exporting countries J/.
Other Aa la
*
*
*
781
688
1,206
1
1
*
Total Asia
971
899
1,222
Africa
Egypt
Ghana
Liberia
Morocco...
South Africa
Zaire
Oil-exporting countries 2/..
Other Africa
:
*
*
*
*
*
*
-8
-10
-1
*
*
*
-3
3
*
-1
*
*
-2
*
*
-7
1
-46
14
17
*
-
-
*
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
Middle Eastern regional
Total international
and regional
Grand total
Yf
:
*
2
1
-
_
-46
17
18
2.423
1,679
5,418
Includes Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia
and the United Arab Emirates (Trucial States).
-3
131
13
a
December 1981
95
-CAPITAL MOVEMENTSSection VI
-
Table CM-VI-7.
-
Transactions in Long-Term Securities by Foreigners Reported
by Banks and Brokers in the United States
Net Foreign Transactions in Long-Term Foreign Bonds by Country
of dollars; negative figures Indicate ne
falfnd.ir year
1181
through
Oct. p
Europe
Austria
Belgium-Luxembourg
Bulgaria
Czechoslovak! i
Denmark
Finland
Prance
German Democratic Republic
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
:
11
54
-8
-187
-12ft
267
-1
17
*
-461
I
-16
-13 5
149
-404
-195
-IS
118
*
21
12
Total Europe
Ca nad
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles
Panama
Peru
Trinidad and Tobago
Uruguay
Venezue la
Other Latin America and
Caribbean
:
-3
-3
239
33
8
3
2
*
3
-134
34
5
*
16
-13
34
^il_
Total Latin America and
Caribbean
2
Asia
China:
Mainland
Taiwan
Hong Kong
India
Indonesia
Israel
Japan
Kore a
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thai land
Other Asia
29
:
-1
44
24
3
-258
-215
4
7
16
-3
-54
2
I
253
-178
Total Asia
Africa
Egypt
Ghana
Liberia
Morocco
South Africa
Zaire
Other Africa
:
6
*
I
-437
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
Middle Eastern regional
Total International
and regional
Grand total
:
282
-434
-28
-
-181
-4,182
-12
ales by foreigners or
a
nee outflow gf
capital
from the United States
Treasury Bulletin
96
•CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-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
1981
through
Oct. p
Europe
Austria.
Belgium-Luxembourg
Bulgaria
Czechoslovakia
Denmark
Finland
:
frame
German Democratic Republic.
Germany
Greece....
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom
U.S.S.R
Yugoslavia
Other Europe
1
-11
-255
-2
-1
92
63
-20
139
-46
34
Total Europe
Canada
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles..
Panama
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
:
.,
-14
23
Total Latin America and
Caribbean
Asia
China:
Mainland
Taiwan
Hong Kong...........
India
Indonesia
Israel
Japan
Korea.
Lebanon
Malaysia
Pakistan
Philippines
Singapore
Syria
Thailand
Other Asia
:
-18
-245
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
Internat ional
European regional
Latin American regional....
Asian regional.
African regional.
Middle Eastern regional....
:
Total international
and regional
Grand total
p
*
Preliminary.
Less than $500,000.
from the United States)
97
December 1981
.CAPITAL MOVEMENTS
Section VI
-
Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers In the United States
Table CM-VI-9. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During
Gross purchases by foreigners
October 1981
Preliminary
Gross sales by foreigners
..
..
.
Treasury Bulletin
98
-CAPITAL MOVEMENTSSection VI - Transactions in Long-Term Securities by Foreigners
Reported by Banks and Brokers in the United States
Table CM-VI-10. - Foreign Purchases and Sales of Long-Term Securities,
by Type and Country, During Calendar Year 1980
purchases by fo
Gross sales by fo
Domestic securities
of U.S.
tre
Total
:hase
Europe
Austria
Belgium- Luxembourg.
Bulgaria
Czechoslovakia
Corporate &
other
ury
& Federal
Corp. and
Financing
Bank bonds
& notes
Federallysponsored
agencies
Domestic securities
Foreign
securities
Bonds
Total
sales
Bonds
Stocks
able
Treasury
Federal
nancing
Bank bonds
notes
of U.S.
Gov't.
Corp. and
Federallysponsored
agencies
Bonds
:
182
1,605
140
200
Der-msrk
Finland
France.
German Democrati
Germany
Greece
Hungary
Italy
Netherlands
Norway
Poland
Portugal
Romania
Spain
Sweden
Switzerland
Turkey
United Kingdom,.
U.S.S.R
Yugoslavia..
Other Europe
10
70
4,558
3,972
315
5,880
8,357
,933
113
968
85
243
484
638
409
646
11,340
39
484
750
1,384
Canada-
Latin America and Caribbean
Argentina
Bahamas
Bermuda
Brazil
British West Indies
Chile
Colombia
Cuba
Ecuador
Guatemala
Jamaica
Mexico
Netherlands Antilles....
Panama
467
1,621
Jfl7
Peru
Trinidad and Tobago
Uruguay
Venezuela
Other Latin America and
Caribbean
2
8
56
20
440
Total Latin America and
Caribbean
Asia
China:
Mainland.
Taiwan
Hong Kong. .
India
Indonesia. .
Israel
Japan
Korea
Lebanon
Malaysia. ..
Pakistan
Philippines.
Singapore. .
Syria
Thailand....
Other Asia..
:
380
2.454
199
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
Middle Eastern regional..
:
14,469
172
209
Total international
and regional
Grand total.
52
9,125
51,170
tfL,»2S
I
399
1,079
11,422
103
Stock
,
December 1981
99
.FOREIGN CURRENCY POSITIONS.
Involved.
Background
Data
have
positions
of
those
foreign
of
banks
majority-owned
title
in
majority-owned
,
subsidiaries
foreign
dollars
S.
nonbanking firms
and
branches
on
1974
of
United
the
States
banks
S.
and
,
partnershl ps
foreign
II.
currency
foreign
the
on
nonbanking
and
Law
Public
of
II
Modification
Act
93-110,
September
of
Statistics
regulations.
Reporting has
abroad.
held
on
21
the
amendment
an
to
Value
Par
the
to
Implementing
and
197 3,
,
pursuant
required
been
Treasury
positions have been published monthly
the collection of bank
In
data were revised effective with reports as of November
for
monthly
the
reports.
nonbank foreign currency forms
last
business day of
The
below)
(see
September
revision
recent
of
the
became effective as of
the
most
Among the changes on the forms,
197ft.
"
delivery within
or
business
2
Short-term" means maturing in
1
year
or less from the date of the report.
"Major Ity-owned foreign partnershl ps" are those organ i zed under the
lawn
of
foreign country
a
which one or more nonbanking concerns or
In
nonprofit Institutions in thp Uni
more
than
suhs id iaries"
r*»d
profit
percent
SO
1
Stafps, directly or Indirectly, own
"Majority-owned
n teres t.
foreign corporations In which one or more
are
business concerns or nonprof i
foreign
n on
hanking
institutions located in the United States
t
directly or Indirectly own stock with more than 50 percent of the total
or more
,
than 50 percent of the total value of all classes of stock.
for the
197fl,
1,
weekly reports, and as of October 31, 1978 (the last business day of the
month),
receipt
.
combined voting power of all classes of stock entitled to vote
since March 1977 beginning with data for December 1^75.
The report forms and Instructions used
means due for
"Spot"
days from the date of the report
and
,
Reports cover eight major foreign exchange market currencies and
firms.
U.
since
collected
been
Reporting Threshold
The exemption level applicable to banks and banking Institutions is
S10
institut ions was Si million equivalent
business concerns and nonprofit
on
the Belgian franc was deleted as a reporting currency.
exemption level applicable to nonbanking
The
million equivalent.
all
nonbank forms
from March
197
5
through November
1976.
was
It
raised to S2 million equivalent on the monthly reports of positions held
Common Definitions and Concepts
In
The term "United States" means the States of the United States, the
District of
Columbia,
Commonwealth of Puerto Rico, American Samoa
the
the Virgin Islands, and Wake Island.
the Canal Zone, Midway Island,
on
The
"worldwide" is used to describe the sum of "United States" and "foreign"
data.
for
proprietorships,
including
the
concerns.
agencies,
In
United
the
States
and
partnerships,
branches
U.S.
the
corporations
"nonbanking
subsidiaries
and
foreign banks and banking
institutions,
of
in
United
the
sole
States
nonbanking
foreign
the
in
the
by
positions,"
firms'
located
reported
In
subsidiaries
and
of
case
branches,
amounts
Include
and
United
the
States of
case of the weekly and
June
the
S.
U.
these data do not
parents'
majority-owned
branches,
accounts.
banking
reflect
subsidiaries
The data
the
and
partnerships
nonbanking
,
abroad
except
In
general
Intercompany
through
include the foreign subsidiaries of
liabilities,
regardless
for
positions
held
entire
foreign
States
United
the
In
on
must
Firms
report
their
reached
bought
sold,
or
the
position
net
currency
In
position
in
a
dollar equivalent value
S.
liabilities,
any category of assets,
in
and
U.
exchange contracts
currency.
the
general,
In
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,
the
U.
U.
S.
hanks
dollar-denominated
S.
and
assets,
report
nonbanks are
required
to
liabilities
exchange
contracts
,
t
ime
reportable
positions
specified
the
in
foreign
Description of Statistics
a
few foreign-
Data collected on the Treasury foreign currency forms are published
In the Treasury Bulletin In nine sections.
summary of worldwide net
foreign
and
of
with
currencies.
positions of foreign parents or foreign
located
reported on the basis of
report
and
specified foreign currency if a specified
Sections
the
the
197ft
malority-owned
and
concerns.
owned U.S. -based corporations.
Assets,
1977,
31,
subsidiaries
Data for "foreign branches" and "abroad" include amounts reported
subsidiaries of
through September
1976
bought and sold, and net positions of those branches, partnerships, and
monthly "bank positions."
by
From November
States.
September 30, 1Q78.
is
Data
United
,
The term
term "foreign" means locations other than the "United States."
the
exemption level was raised to S3 million on foreign subsidiary positions
exchange
contract
data
are
remaining to maturity as of the date of
the
original
maturity
of
the
instrument
currency.
II
through
VI II
positions
each
in
The first section presents a
all of
present
the
currencies reported.
on
a
data
Specified
foreign
Section IX presents the U. S. dollar positions of the foreign
branches and subsidiaries of U.
S.
firms which are required to report in
one or more of the specified foreign currencies.
Treasury Bulletin
100
FOREIGN CURRENCY POSITIONS'
Section
Table FCP-I-1.
I
-
Summary
Positions
Nonbanking Firms' Positions
1/
(In millions of foreign currency units)
Report
date
Canadian
dollars
French
francs
German
marks
(1)
1981-Mar..
16,661
1981-June.
rl5,147
Italian
Japanese
lire
yen
(3)
r
Swiss
francs
British
pounds
(4)
U.S.
dollars 2/
(8)
13,781
9,621
2,467,487
349,361
1,285
2,569
-8,916
34, 811
r7,711
r2, 301, 456
r402,343
r508
r-1,861
-1,276
Table FCP-1^2. - Weekly Bank Positions
1'
(In millions of foreign currency units)
Report
date
Canadian
dollars
French
francs
German
marks
Italian
lire
Japanese
yen
560
-232
447
453
63,919
35,273
56,055
46,248
47
688
866
1,270
(1)
02/04/81.
02/11/81.
02/18/81.
02/25/81.
03/04/81.
03/11/81.
03/18/81.
03/25/81.
-91
-183
-66
81
-610
-1,146
-331
-149
-76
-35
-92
-15
-107
-200
350
28,089
25,114
13,098
-6,693
-21
1,332
958
509
403
179
37,699
36,475
56,108
46,353
-24,967
16
59
04/01/81.
04/08/81.
04/15/81.
04/22/81.
04/29/81.
-30
-114
-116
-396
-312
-467
-495
05/06/81.
05/13/81.
05/20/81.
05/27/81.
66
16
86
378
-570
-858
-841
-895
-58
458
1,023
433
48,747
-86,006
-146,055
-118,080
06/03/81.
06/10/81.,
06/17/81.,
06/24/81.,
-18
-1,482
-526
-313
-528
798
1,037
798
430
-101,265
07/01/81.,
07/08/81.,
07/15/81.,
07/22/81.,
07/29/81..
-46
-461
-559
-632
-283
-408
628
532
1,593
1,225
-134,740
6,628
59,096
-2,870
45,976
-17
55
64
30
36
128
-1
-37
1,656
-8 7,004
-92,440
-4 3,784
Swiss
francs
British
pounds
U.S.
dollars 4/
December 1981
101
.FOREIGN CURRENCY POSITIONS.
Section
Canadian Dollar Positions
-
II
Table FCP-II-1.
-
Nonbanking Firms' Positions
(In millions of Canadian dollars)
Forward exchange 8/
Short-term trade
Position
at end
of month
Feb.
1981...
Mar.
Mar.
1981...
1981...
Mar.
1981...
Uquld
assets 2/
5.191
887
Shortterm
debt 3/
Recelvables 4/
8,616
411
Payables
Other
assets 6/
5/
Other
liabilities 7/
Bought
Sold
Net
Ex-
position 9/
change
rate 10/
(7)
(8)
Position
held by
offices In
1,443
1,400
2,973
1,759
0.8319
United States
20,594
283
12,187
r851
37,850
4,737
27,976
1,470
1.166
1,597
1,051
3,082
14,971
1,690
0.8430
0.8430
Abroad
United States
20,877
13,038
42,587
29,446
2,763
4,133
16,661
0.8430
Worldwide
.
Apr.
1981..
941
397
289
810
4,763
1,414
1,678
3,512
1,538
0.8357
United States
May
1981..
1,005
475
316
773
4,887
1,432
1,446
3,339
1,635
0.8307
United States
June
June
1981..
1981..
r4,904
r9,945
r21,397
rll,326
892
577
335
799
r37,693
4,695
r28,845
1,412
1,037
1,039
r947
2,994
rl3,968
1,179
0.8325
0.8325
Abroad
United States
June
1981...
r5,796
rlO,522
r21,732
rl2,125
r42,38S
r30,257
2,076
r3,941
rl5,147
0.8325
Worldwide
July
1981...
1,026
1,467
1,193
3,229
1,226
0.8100
United States
Table FCP-ll-v:
-
Weekly Bank Positional!
(In millions of Canadian dollars)
Exchange contracts 13/
Assets and liabilities 12/
Liabilities
(1)
%imm
Net position
Banks in U.S
anks in U.S.
Net
Foreign
branch
Worldwide
net
net
(5)
Bought
Sold
Foreign
branch
Worldwide
net
net
United
States 14/
~~
Foreign
branch
15/
Worldwide 16 /
Exchange
rate 17/
102
Treasury Bulletin
FOREIGN CURRENCY POSITIONS
Section
Table FCP-II-3.
II
-
Canadian Dollar Positions
-
Consolidated Monthly Bank Positions
L8 /
(In millions of Canadian dollars)
Worldwide
End
of
Balance sheet items
Maturity
Assets 19/
month
(1)
•
•••
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) +
(1)
(2)
(3)
(.It)
•
••
Apr.
May.
July.
• •
•
i
1
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)
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))
(3)
(4)
(5)
(6)
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
(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)
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 aasets, liabilities..
(9)
Summary ((7) + (8))
See footnotes following Table
FCP-IX-3.
(2)
(3)
(4)
2,084
7,537
7,084
7,284
5,141
933
133
808
930
404
1,354
1,353
-221
455
611
n48
786
319
90
27
314
1,235
Sold
(5)
1,999
7,620
8,002
7,552
5,547
1,228
30,063
184
(fi))
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 raonths-1 year
Over 1 year
'
Bought
6,323
(1)
(2)
(3)
(4)
(5)
(6)
(1)
(2)
2
)
Foreign exchange contracts 20/
Liabilities
6>507
4,634
2O6
1*525
1,171
1,076
820
|
834
516
,
)
30,063
35
449
14
326
2>047
775
6,128
4,168
190
113
1,159
2,840
6,344
9,001
7,609
5,525
1,139
2,501
7,449
9,218
7,841
5,984
1,496
186
6>31 4
4,403
1
217
1*627
1,122
1,180
1,068
95
447
-164
4 OS
125
190
1,115
904
533
2
)
'
031
726
6,312
3,105
5,874
10,608
7,945
4,700
1,244
2,872
6,549
11,087
8,128
5,075
1,624
33,476
35,335
33,476
35,335
185
5,497
iq 4
1
577
595
1,205
1,397
928
386
110
75,
1*763
2'
)
(
6,339
185
6>52 4
4,901
1,623
jq 2
542
1,080
1.465
22
770
482
766
419
2 '' 8
780
6,194
4,510
j
j
2
)
'
34,710
f
187
5.381
j
492
1*474
999
1,273
1,642
1,006
571
369
199
699
6,735
4,989
2
)
33,817
'
221
5,955
1,698
36,252
Net
103
December 1981
.FOREIGN CURRENCY POSITIONS.
Section
French Franc Positions
III
Table FCP-III-1.
(
Position
at end
of month
Liquid
assets 2/
(1)
Shortterm
debt 3/
(2)
Short-
In
Nonbanking Firms
millions of French franca)
Positions
Treasury Bulletin
104
.FOREIGN CURRENCY POSITIONS—
Section
Table FCP-III-3.
III
-
French Franc Positions
Consolidated Monthly Bank Positions^
-
(In mlllton3 of French franca)
Worldwide
End
of
Balance sheet Items
Maturity
Foreign exchange contracts 20/
month
Net
Assets
(1)
I
981 -Feb.
(2)
(5)
(6)
10,355
8,619
5,912
2,992
1,983
3.818
723
2,147
(7)
Total of all maturities....
33,679
29,119
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 raonths-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
9,409
8,846
5,837
2,157
Net
Bought
(3)
946
-227
75
835
1,260
1,671
(4)
Sold
Net
(5)
(6)
19,348
17,969
27,312
18,552
7,249
2,503
19,170
20,831
27,825
19,371
7,982
2,720
178
92,933
97,899
-4,966
1,303
,
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over
month-3 months
Over 3 months-6 months
Over 6 raonths-1 year
Over
year
(7)
Total of all maturities
(8)
Capital assets, liabilities.,
(9)
Summary ((7) + (8))
(1)
(2)
(3)
May.
Liabilities
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
Cl)
(2)
(3)
.
(4)
Apr.
_19/
29,653
3,852
-4,456
1
1
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities..
(9)
Summary ((7) + (8))
114,331
June.... (1)
(5)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 raonths-1 year.
Over 1 year..
(7)
Total of all maturities
(8)
Capital assetB, liabilities...
(9)
Summary ((7) + (8))
(2)
(3)
(4)
July
<i)
(2)
(4)
(5)
(6)
Demand/spot
3 days-1 month
Over
month-3 months
Over 3 months-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(3)
8,712
8,891
4,912
4,120
2,490
4,020
Capital assets, liabilities...
(9)
Summary ((7) + (8))
following Table FCP-IX-3.
1,380
1,366
654
30,280
2,865
-221
68
-382
22,693
24,302
34,096
23,315
7,337
9,817
22,848
24,179
35,025
24,124
8,394
10,492
-155
123
-929
-809
-557
-675
125,062
1,344
33,909
8,677
7,643
6,056
4,248
I
(8)
8,933
8,823
5,294
2,740
1,124
3,366
?,on
4,971
3
3,608
31,624
2,285
10,115
7,893
5,075
2.329
1,076
3,668
-1,438
-250
981
1,919
937
1.303
-3,002
overall
position 21/
(7)
December 1981
105
FOREIGN CURRENCY POSITIONS
German Mark Positions
Section IV -
Table FCP-IV-1.
<
Position
at end
of month
Liquid
assets 2/
en
Shortterm
debt 3/
(2)
Short-term trade
In
-
Nonbanking Firms' Positions
millions of marks)
1'
Treasury Bulletin
106
.FOREIGN CURRENCY POSITIONS.
Section IV -
Table FCP-IV-3.
German Mark
Positions
Consolidated Monthly Bank Positions
18/
(In millions of marks)
End
Balance sheet Items
of
Maturity
month
Assets 19/
(1)
1981-Feb
Mar
(1)
Deraand/spot
(2)
(3)
(4)
(5)
(6)
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities....
(8)
Capital assets, liabilities
(9)
Summary ((7) + (8))
( 1 )
May
June
July
18,241
8,950
4,710
10,663
Deraand/spot
(6)
3 days-1 month
Over 1 months-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities,
(9)
Summary ((7) + (8))
(I)
(2)
(3)
(4)
(5)
(6)
3 days-I month
Over I months- 3raonths
Over 3 raonths-6 months
Over 6 raonths-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities,
(9)
Summary (7)) + (8))
(2)
(3)
(4)
(5)
Apr
9,671
21,153
(
1)
Deraand/spot
,
,
,
,
,
,
Deraand/spot
(2)
(3)
(4)
(5)
(6)
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
3 days-1 month
Over 1 month-3 months
Over 3 raonths-6 months
Over 6 months-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities.
(9)
Summary ((7) + (8))
(1)
(2)
(3)
Deraand/spot
Deraand/spot
(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))
See footnotes following Table FCP-IX-3.
u.
Foreign exchange contracts 20/
107
December 1981
—FOREIGN CURRENCY
Section V
Table FCP-V-1.
-
Italian
POSITIONS-
Lira
Positions
Nonbanking Firms
Positions!/
(In millions of lire)
Position
at end
of month
Liquid
assets 2/
(1)
Other
assets 6/
Short-term trade
Shortterm
debt 3/
(2)
Receivables _4/
(3)
Pay
ables
Other
liabilities 7/
Forward exchange 8/
Ex-
Net
V
position
Bought
Sold
(7)
(8)
change
rate 10/
Posit Inns
held by
offices in:
_5/
(4)
(5)
(9)
(10)
Feb.
1981.
n.a.
n.a.
48,021
28,966
62,350
10,230
119,135
130,457
34,133
1,027.00
United States
Mar.
Mar.
1981.
1981.
n.a.
n.a.
n.a.
n.a.
5,499,767
48,952
2.240,531
26,801
3.985,320
74,594
3,669,121
5,827
309,135
141,398
297,161
145, Q09
,404,592
62,895
1,050.00
1,050.00
Abroad
United States
807,304
2,013,633
5,548,719
2,267,332
4,059,914
3,674,948
450,533
443,070
2,467,487
1,050.00
Worldwide
Apr.
1981.
n.a.
n.a.
48,378
28,951
73,711
5,991
128,016
194,032
3,082
1,099.00
United States
May
1981.
n.a.
n.a.
45,077
r35,101
69,794
5,604
121,992
190,919
-267
1,158.50
United States
June
June
1981.
1981.
n.a.
n.a.
r5 868 970
r4, 441, 732
r3, 668, 568
69,368
11.612
r229,653
121,803
r342,074
177,964
r2, 275, 969
sa.977
r2, 746, 893
28,734
25,487
1,191.50
1,191.50
Abroad
United States
July
1981.
r873,137
r2, 386, 284
r5, 927, 892
r2, 775, 627
r4, 511, 100
r3, 680, 180
r351,456
rS20,038
r2, 301, 456
1,191.50
Worldwide
11,312
20,455
71,277
36,801
104,489
17,151
116,108
176,385
52,484
1,227.75
United Sta
Table FCP-V-2. Weekly Bank
(In millions of lire)
Positions n
Treasury Bulletin
108
.FOREIGN CURRENCY POSITIONS.
Section VI
Table FCP-VI-1
-
Japanese Yen Positions
-
Nonbanking Firms' Positions
(In millions of yen)
Position
1/
December 1981
109
.FOREIGN CURRENCY POSITIONS,
- Japanese Yen Positions
Section VI
Table FCP-VI-3
-
Consolidated
Monthly Bank Positions
(In millions of yen)
Maturity
End
of
month
1981-Feb....
Mar....
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))
2,837,889
(1)
(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
613,790
1,030,526
885,239
152,025
58,308
155,370
(7)
Total of all maturities
2,895,258
(8)
Capital assets, liabilities
(9)
Summary <(7) + (8))
(1)
(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)
Summmary (<7) + (8))
(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)
(6)
Demand/spot
3 days-1 month
Over 1 month-3 months
Over 3 months-6 months
Over 6 raonths-1 year
Over 1 year
(7)
Total of all maturities
(8)
Capital assets, liabilities...
(9)
Summary ((7) + (8))
(1)
(2)
(3)
(4)
(5)
(6)
Demand/spot
3 days-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))
(2)
(3)
(4)
(5)
Apr
(2)
(3)
(4)
(5)
May
June....
(2)
(3)
(4)
(5)
July....
Deraand/spot
(1)
(2)
(3)
(4)
(5)
(6)
See footnotes following Table FCP-IX-3.
2,793,438
2,263,222
44,451
2,307,398
2.394.06R
48,226
2,943,484
500,182
993,353
932,491
272,822
60,660
147,396
566,446
934,126
993,824
289,200
66,711
162,986
504,662
962,488
1,011,730
312,425
71,482
165,934
433,797
953,589
1,133,191
365,801
73,310
189,433
3,203,967
759,700
666,217
513,879
185,640
28,129
105,075
I8 '
Treasury Bulletin
no
FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VTI-1
Swiss Franc Positions
-
NonbankinR Firms' Positions
-
-i<
(In millions of Swiss francs)
Position
at end
of month
Llquld
assets 2/
(1)
Feb - 1981
Shortterm
debt 2/
(2)
Short-term trade
Recei»Payablest
ables 5/
(3)
(4)
Other
assets
_6/
(5)
Other
ltabll-
Forward exchange 8/
ltles7/
Bought
Sold
(6)
(7)
(»)
234
295
64
145
276
1,440
2,049
1,638
1,493
212
1,039
337
1,864
894
"*"•
1«81
'981
39
168
3,654
323
3,378
1,515
1,080
1,414
562
901
Mar.
1981
1,705
1,376
1,903
1,062
3,977
4,893
2,494
1,463
AP r -
I
'
2^9
357
49
127
316
1,505
1,716
Hzy
1981
217
337
45
132
279
1.524
•June
1981
1981
rl,830
rl,313
r2,136
rl,249
r3,555
Jur> e
227
343
109
148
222
J"™
1981
r2,057
rl,656
r2,245
rl,397
Jul y 1981
191
339
no
155
Mar -
98
Net
Ex-
position _
9/
change
rate 10/
(9)
Position
held by
offices in:
(11)
2,218
-933
1.9265
1.9265
1,484
-1,173
2.0220
United States
3,470
1,493
525
2.0760
United States
r3,557
1,616
989
1,790
663
1,461
rl,728
-1,220
2.0565
2.0565
Abroad
United States
r3,777
r5,173
2,779
2,124
Worldwide
213
1,586
2,621
1.790
United States
Table FCP-VII-2.
-
Weekly Bank Positions
u/
Abroad
United States
Worldwide
December 1981
111
.FOREIGN CURRENCY POSITIONS.
Section VII
Table FCP-VII-3.
-
-
Swiss Franc Positions
Consolidated Monthly Bank Positions
(In millions of Swiss francs)
End
of
glance sheet Items
month
Assets 19/
^
112
Treasury Bulletin
FOREIGN CURRENCY ""'"""»'
Section VIII
Table FCP-VIII-1.
-
-
Sterling Positions
Nonbanking Firms' Positions,,
(In millions of Sterling pounds)
.
Position
Usuld
"^^
of month
Shortterm
^^^
m
"«
1981
87
lM1
"
(3)
571
177
3,147
3,373
«
7
7> 3 no
«6
3
1981
121
? n7
May
1981
U7
255
-
^
Pav-
.M..W
">
t.
Forward
exchange 8/
.
«,
*
6/
JJ^lS2S,
—
»>
telwht
r
2
'
'
».gj
5S
°
T^-^T-T^
m»
«81
r 4,38 2
""
2
"
,
c
U9
,
154
140
r6,621
r8 102
*S
153
r7
!l^:-
2M
728
^
„t
''I
Z^LZ^^^^
.
1981
ch-n..
heldb y
race iu/
offices In:
, ,
r11
-
2, " n6
~
«
«»
'" 7
^
2 ' 3n7
2
W
—
2,81!
"2
«
2 - 2022
2
.
23 71
2.2371
r^-^
(1)
Liabilities
Net
Foreign
branch
Worldwide
2 - 0721
United States
r-1.567
"294
>.9 2 34
Abroad
united States
1
2
'
'"'?"
6
"
2
™
"
295
-
3
'."I
2
-
612
^
2
r -l,86,
-
-
Weekly Bank Positions
(In millions of Sterling pounds)
Assets
2.1318
3
'
193
— ^=
Assets and liabilities 12/
"57
2
7
2
_
Abroad
united States
ki
"
2 22n
2,22
°
62 4
„„
United States
rr^
473
631
ft7q
^929-^,—T^
==
r==^
>.«<
Banks ln U.S.
"'"1-.
"
'" 7
87 s
Table FCP-VIII-2.
02/04/81
*~
«>
,„!"
ln
...
,
5
""
*-«•-»/
SolJ
==
Apr.
Ju "e
J
M"±>
(2)
^^
1981
mi
Mar
.
Recelv-
"
Feb.
""•
Short- term trade
11/
1.9234
7^
—
United States
Worldwide
united States
December 1981
113
.FOREIGN CURRENCY POSITIONS.
Section VIII
Table FCP-VIII-3.
-
-
Sterling Positions
Consolidated Monthly Bank Positions^
(In millions of Sterling pounds)
Balance sheet Items
End
of
month
Foreign exchange contracts 20/
Net
overall
position 21/
Maturity
Assets 19/
Treasury Bulletin
114
.FOREIGN CURRENCY POSITIONSSection IX
Table FCP-IX-1.
United States
-
-
Dollar Positions Abroad
Nonbanking Firms' Foreign Subsidiaries' Positions
1/
(In millions of United States dollars)
"">"-'" "«««
Position
Uculd
«r end
of month
= „=.,,»
1
R
Hi:,,
debt
_3/
(1)
Mar.
June
1981
1981
11,106
r9,397
Forward exchange 8/
Shorti;
(2)
5,030
r5.033
M
e
,
ables
~,
V
"'J'
ables
(3)
,,
_5/
(4)
15,648
15.094
(5)
21,951
r20.865
Table FCP-IX-2.
-
— •"«'
19,020
rl9,552
Cher
llabl1 ltles 7/
Net
Ex-
position 9/
«*'"
'old
(7)
C8)
(6)
27,230
rl9,452
3.507
r3,807
—
(9)
3,986
r3,776
Weekly Bank Foreign Office Positions
change
rate 10/
-
(10)
-8,916
r-1.276
1.0000
1.0000
i
(In millions of United States dollars)
Net
assets and
liabilities
Ml
Net
Net
exchange
contracts 13 /
position
(1)
(2)
(3)
02/04/81
02/11/81
02/18/81
02/25/81
-11,274
-10,933
-11,372
-11,353
12,989
3,026
12,978
1,946
2,056
1,654
1,625
03/04/81
03/11/81
03/18/81
03/25/81
-10,381
-11,266
-11,674
-10.534
12,196
12,722
13,622
12,645
1,815
1,456
1,948
2,111
04/01/81
04/08/8 1
04/15/81
04/22/81
04/29/81
-11,402
-11,542
-11,278
-11,067
-11,437
13,257
13,480
1,855
1,938
1,953
2,138
2,201
05/06/81
05/13/81
05/20/81
05/27/81
-11,297
-10,398
-10,803
-10,882
13,473
12,731
12,645
12.979
2,176
2,333
1,842
2,097
-11,317
13,373
14,004
2,056
1,658
13, 70S
1,958
2,062
06/03/8 1
06/10/81
06/17/81
06/ 24/81
07/01/81
07/08/81
07/15/81
07/22/81
07/29/81
See footnotes following Table FCP-IX-3.
-12,346
-11,837
-11,976
13,2 20
1
13,231
I
1,205
13,6 38
14,038
-12,457
-12,567
14,459
-12,267
-12,344
14,723
14,499
14,286
Position
held by
offices in:
2,002
1,939
1,663
2,232
1,942
Abroad
Abroad
4
December
9 HI
1
115
FOREIGN CURRENCY POSITIONS.
Section
IX
-
United States Dollar Positions Abroad
Table FCP-IX-3
Monthly Bank Foreign Office Positions
-
1
(In million*! of United States dollars)
Win
I
dwlde
ml
..I
Foreign exchange rontraeta 20/
1
i
'
h
I
I
1
I
N.-l
llVel
9/
1.
1.
(I)
1
u
981 -Feb
Demand/apot
»i
day«
)
(2)
(3)
(4)
i
(6)
Ovei
Oval
(7)
Tol
(B)
.i
'!
l
day
Ova
ill
"i.ii
hi ii Lei
a,
LlablUt
muni
i
i
ii
6
monthn
1
n
too
',1, "I
','11
',,1. in
39,723
1,88
1
4
, ft
1
1
53,620
I'i, 'in
3
'•."'
'
',
I
'I,"
Ii,.
17,071
Hi,
I
1
.
II
I'I
5 III
ha
'
Capital assetR, llahiliil.-
(9)
Summary ((7) + (8))
(I)
(2)
(3)
(4)
CS)
Demand* ipol
J.lavH-l month
Over
muni h
month*
(ft)
Ova
7)
Tol
6
real
I
i
ill
ol
I
I
Oval
hi
I
Over
tea
I
-i
1
1
i
Hi -
ill
(8)
Cap!
(9)
Summary ((7)
(1)
(2)
(3)
(4)
Demand/apot
I
1
I
aai
1
Ii/'
Ovi
Over
Over
Over
•
-'
1.1..1.1
,
1
ft
month*
real
I
y.-,ir
l
Cap! i.i
(9)
Summary ((7) t (8))
(I)
(2)
Demand/apol
3 anys-l month
Ovei
month-3 montha
Over 3 raontha-6 months
ol
'
i
i
ma! hi
laeeta,
if
LI
Bbl
Ovei
in'
yii
l
1
"t
1
ill
nal hi
11
Ml,
Summary ((7) + (8))
'ii
Demand/apot
moutl
3 days-
HI,/,
AM
in
1.1
n
6,427
-1,7 18
5,841
r. .mil
1
:"ii
,564
i,l'','
19
19,
1,671
mi
l
Ovei
i
i
iii
'
/in
l
M
(6)
7)
Tut
(8)
-ii
(9)
Summary ((7)
See footnotes on till, -I
-1
1
11I
ill
pegi
55,990
10,214
1,221
ma!
.
is
11,627
ha
ontha
(4)
<
m
I
'
i'i
Llabtlltlea...
(8))
I'i
49,1
.I.',',
Les
n
-366
78.IB3
10,512
.,.
'I'i
22
-Id .1411
Ii,,
I
Llabllttlei
aae« te,
(9)
>
/.',/.'
I
i
I
41,916
1,
(8)
(ft)
LI ii
'
i
(7)
(2)
I
l
i
156,821
I-'.
(8)
(ft)
1
Ch-3 months
raonthamontlr
1
ft
fatal
ii
1
(«))
+
(7)
(4)
1
iiii'nii
I
I
I
mimtlis
-Ii
monthe-1 year
i,
i
Idea
"i
'."!.'
42,031
48,128
39
1
,
386
1,794
ft.174
III',
4,4
1/
1.111,4
y "
(8)
(
|
9 4.
,
,'.H'l
I
,
1,547
,.
9
ha
iiiuiii
i
monl ha
Total
i
[
-I
ii ii
i
i
i
(7)
'•
,84
4ft
!
00)
Over
'
n ,99
po
I
(ft)
(5)
I
Ovi
(6)
inly
<,,
yeai
l
(6)
'
74,118
20,29!
il
i
(ft)
-
he
(5)
(
Hay
n
Ovei
1
CO
A|>r
57,797
r
CO
No
Demand/apol
(2)
1
raontha-6 raonthe
Summary ((7) +
(Il
i
3
'
I7.85I
Mil
75.3IS
55,63
Sold
nought
i
(1)
(2)
I,',.
ithB
i
6
i
(9)
Mi
Ch
l
Over
5)
C
h
i
Oval
Lltli
ill
-i.
.!'
I
'
'I
I"
il
i
i
I
I
ton 2\J
</>
Treasury Bulletin
116
FOREIGN CURRENCY POSITIONS
6/
receivables
1/
from
Worldwide net positions on the last business day of the calendar
quarter of nonbanking business concerns
their
branches
foreign
subsidiaries
have
been
receivables
Exc ludes
sold
companies'
investment
subsidiaries,
paper
U.S.
maturity,
(plant and equipment
i
and
prepayment
racompany
assets
7/
terra
t
rade
maturing
y-owned partnersh ips and subsidiaries
it
Weekly worldwide net
in
Ions-term
s,
stocks
and
and
equipmen
int
t
accounts
parents
long-term
sec unties.
other
and
,
and
)
racompany
receivables,
trade
bonds
,
than one vear
in more
investment
'
in
.
in
liabilities
other
payables;
includes
short-term debt
than
long-term
accrued
trade
expenses,
short-
and
payables
and
liabilities
more than one year from the report date.
Capitalized
liabilities,
plant and eauipment leases are exc luded.
only.
3/
,
(pi ant
financial
All
intracompany
2/
laims
c
Includes
date
report
,
assets maturing
inane lal
foreign
leases for plant and equipment
Foreign branches and major
f
ma ion t y-owned foreign subsidiaries are exc luded
and capital ized
) ,
nt
Fixed
wh ich
parent
ma ior lty-owned
their
in
fixed assets
States and
partnerships
installment
and
before
d iscounted
or
the United
in
raaior lty-owned
and
and
,
the
inventories
short-term trade
assets other than liquid assets and
current
All
United
the
owned
foreign branches
their
and
Excludes
subsidiaries.
foreign
ft/
positions of banks and banking
States,
inst
i
tut ions
assets
capital
Out stand ing amounts of foreign exchange wh ich have been cont
to
maior lty-
and
received
be
del lvered
or
future
the
in
r
acted
Exc ludes
sp'ot
exchange.
and
liabil it ies.
9/
4/
Foreign branches and ma ior lty-owned subsidiaries only.
5/
Monthly
10 /
worldwide
liabilities
banking
on
net
the
business dav of
last
inst itut ions
inc luding
posit ions
United
the
in
assets
capital
and
Representative
rates
the
on
report
of foreign currency, all others
and
in
11/
1 1
ar
and
Ranks
and
banking
institut ions
in
the
United
States
subs idiaries.
In
and
their
Section IX,
fore ign branches and ma ior 1 1 y-owned subsidiaries only.
SECTION II THROUGH IX
Positions of nonbankmg business concerns in the United States and
branches
foreign
subsidiaries
do
U.S. dollars per unit
foreien units per U.S. dollar.
foreien branches and ma ior it v-owned
their
Can ad lan
in
(ft).
foreign
their
branches and majority-owned subsidiaries.
If
date.
United Kingdom pound rates are expressed
and
month of banks
the
States
Columns (I), (3), (5), and (7) less columns (2), (4), (6), and
sect ion
In
.
and
partnersh ips
ma ior it y-owned
posit ions
IX
branches
foreign
of
1
/
Excludes capital assets and liabilities.
1
/
Includes both spot and forward exchange contracts
and
and
major lty-owned partnerships and subsidiaries onlv.
21
unset t led
Inc ludes
foreign exchange
spot
well as currency, demand,
transferable
readily
less
from the
other
report
parties
date,
instruments maturing
and
int racompany
demand.
on
contrac tb
,
c
in
loans
unsettled
Includes
intracompany
short-term borrowings due
and
Due
other
in
current portion of
the
expenses
4/
foreign
spot
liabilities,
in
,
1
1
than
exchange
sales
short-term
trade
Other
Sum of columns (4) and (9).
1
to
contracts,
hi
Receivables
and
less:
includes
inst al lment
See footnote 10.
18 /
See footnote 11.
loans,
19/
sold
Fixed-rate
or
accrued
or
and (10).
discounted
loans are reported by time remaining to
wh icbever
the nearest call date,
loans by
Option
intracompany trade receivables.
paper
(!>>
1_7/
and accounts payable are exc luded
year or
Sum of columns
payables
year or less from the report date,
long-term debt.
13 /
accounts
loans,
receivable, and unaccepted trade drafts are exc luded
_3/
Sum of columns (3) and (81.
year or
1
laims and
Other
14/
as
neeotiahle and other
time deposits,
and
financial
repayable
purchase
t
ime remaining to the nearest
maturity are exc luded
21/
bj
Due in
1
year
or less;
inc ludes
Sum of columns (3) and (6).
intracompany trade payables
Revised
.
n .a
ear ler
1
,
and
final maturity
float ing- rate
interest-fixing date.
exchange contracts are reported by time remaining
forward
to the nearest option exercise date.
before
is
.
Not
avai able
I
.
.
.
.
December 1981
117
FOREIGN CURRENCIES ACQUIRED BY THE
herein
reported
currencies
Foreign
U.S.
in
U.S.
dol lar
equivalents were acquired without direct payment of dollars,
for
part
the most
referred
to
of
These
law.
by
general ly
are
curenc ies
"nonpur chased"
as
authorized
programs
development
provisions
various
connection with foreign assistance and
in
trade
agricultural
currencies
foreign
to
distinguish them from currencies purchased with dollars from
The currencies are held
banks or other commercial sources.
in the custody of the Department of the Treasury until
t
they
as
irae
agencies
either
are
sold
transferred
or
expend iture
agencies
appropr iat ions
to
for
as
,
specifically authorized by law.
Prior
July
to
Government
operating
defray
without
available
were
general ly
payment
direct
were
and
dollars
of
agencies
collect ing
the
to
expenses
subject
not
to
the
to
The act
Government
Sec.
1953,
30,
agencies
Treasury
with
,
certain
dollars
in
(66
Stat.
662),
U.S.
the
to
appropr iat ion
in
except ions,
reimburse
to
foreign
the
for
curenc ies
the
used.
Executive Orders No. 10488 dated September 23, 1953, and No.
10900 dated
January
issuance
regulations
of
1961,
5,
by
of
foreign
exchange
by
Secretary
the
all
provided
amended,
as
governing the purchase, custody
deposit,
,
of
the
for
October
agency
Treasury
1953.
19.
regulat ions
,
provided
Treasury
transfer, and sale
Departments
Executive
foreign
the
and
flow
and
No.
930 was
December
1
the
transfer
of
currency balances
as
of
,
issued
1953.
department
November 30,
on
These
and
1953,
collections
future
of
Circular
Manual,
Volume
in
I
the
for
June 8,
Revised,
930,
No.
holdings;
of
and account ing
;
instructions
from Treasury accounts
s
amounts
and
imitat ions
1
;
use
the
foreign
of
currenc ies
Treasury
.
and corresponding
1978,
of the Treasury Fiscal Requirements
TFRH 2-3200 now cover foreign currency accounting
I
and report ing
Figures are stated
in
equivalents
dol lar
,
computed for
reporting purposes,
to provide a common denominator
currenc ies
many
of
the
in amounts
the
for
involved
countries
foreign
It
.
equal to the
balances,
are actually avialable for the general use of the
balances
are actual y avai lable
,
inconvertible
since
,
between
s
most
restricted
and
as
of
the
to
uses
United
the
use of the
for the general
1
Government
U.S.
States
currenc ies
the
by
the
and
are
of
terms
foreign
governments
The tables exclude the counterpart
held
accounts of
in
foreign
the
funds owned
governments
.
The
by and
use
of
such funds is subject to approval of the United States, and
transact ions
for
U.S.
inc luded
therein are
Development
Internat ional
reports of the Agency
in
The tables also exclude
.
the
purchases of foreign currenc ies which are under dol lar
account ah i 1 ity and reported as dol lar transact ions
Detai led
data,
country, unit
were
by
account
,
agency,
program,
foreign
of currency, and related dollar equivalents,
annually
published
Receipts,
Expenditures
through 1969.
Circular
effective
for
depositar ies
the
agencies of the U.S. Government
Accordingly
withdrawal
to
purchases
agencies could no
annually
provided
as
1415
U.S.
belonging
currencies
foreign
except
1952,
15,
June
Subsequent legislation required executive departments
acts.
and
after
expend
longer
July
of
that
respect
on
agreement
regular appropriation processes.
provided
Treasury custody,
should not be assumed that dollars,
foreign currencies acquired bv
1953,
1,
agenc ies
into
through Treasury accounts; and established requirements with
Government
to
Government
charge
without
dollars
for
to
such
QOVERNMENT WITHOUT PAYMENT OF DOLLARS
in
and
the
Combined
Balances,
from
Statement
fiscal
of
1958
Beginning with fiscal 1970, only summary data
by country and account are shown in the Combined Statement;
however,
report
,
detailed
data
are
published
semiannual ly
Foreign Currenc ies Held by the U.S. Government
in
the
Treasury Bulletin
118
.FOREIGN CURRENCIES ACQUIRED BY THE
Table FC-1.
-
U. S.
Summary
GOVERNMENT WITHOUT PAYMENT OF DOLLARS,
of Foreign Currency Transactions
(Fiscal years; In millions of dollar equivalents)
Cash balances brought forward:
Excess currencies 1/
Near- and nonexcess currencies....
1,791.9
69.6
1,808.2
71.3
1,772.0
86.5
1,732.4
87.0
1,551.0
-
1,550.3
69.
1,242.6
253.7
1,214.4
245.8
1,146.0
204.1
Total cash balances..
Collections:
Public Law 480 sales II
Currency use payments
Foreign assistance programs:
Special letter of credit
Other
Interest on depositary balances...
Other nonloan collections 3/
Advances from foreign governments
Loan repayments (principal and Interest)
Public Law 480 loans
Foreign assistance loans
1.227.1
11.1
193.4
6.4
26.5
40.3
45.6
:
Total collections
Total availabilities
Expenditures:
Foreign currency expenditure
authorizations:
Public Law 480 loans and grants
Public Law 480 loans to private
enterprises
Other nontrust
Trus t
With dollar credits to:
Miscellaneous receipts.
Commodity Credit Corporation....
Special letter of credit
Other
Deposits for replacement of
borrowed (unfunded) currencies
Total expenditures
Adjustments due to changes In exchange rates.
Cash balances carried forward
1,062.7
164.4
182.9
138.0
17.1
2.5
17.7
41.6
35.4
in.
11.
56.2
31.4
46.5
11.6
2.0
.4
1.0
3.8
18.0
3.6
10.9
44.5
23.7
in.
115.3
12.7
12.8
371.3
11.8
8.2
479.5
10.2
18.0
821.6
36.3
R
:
119
December 1981
.FOREIGN CURRENCIES ACQUIRED BY THE
Table FC-3.
-
1,
597.0
-19.'
1,672.6
44.7
GOVERNMENT WITHOUT PAYMENT OF DOLLARS,
Foreign Currency Transactions, U.S. Uses
(FlBcal yeara;
Cash balances brought forward:
Excess currencies 1/
Near- and nonexcess currencies...
U. S.
1,711.7
51.6
In
mllllo
>f
1,662.1
62.7
dollar equivalents)
1,522.5
57.1
1,522.6
54.
1,208.7
225.4
1,177.0
209.3
1,114.2
174.6
1,031.3
135.6
Total cash balances
Collections:
Public Law 480 sales 2/
Currency use payments
Foreign assistance programs:
Special letter of credit
Other
Interest on depositary balances....
Other nonloan collections 3/
Loan repayments (principal and
Interest)
Public Law 480 loans
Foreign assistance loans
Total collections
Transfer to country us«
Transfer from country use
Total availabilities
Expenditures:
Foreign currency expenditure
authorizations
with dollar credit to:
Miscellaneous receipts
Commodity Credit Corporation...
Special letter of credit
Other
Deposits for replacement of
borrowed (unfunded) currencies
Total expenditures
Adjustments due to changes in exchange rates
Cash balances carried forward
5.9
71.3
3.2
'6.5
40.3
182.9
138.0
13.1
17.7
.2
.4
-
in.
2
11.1
3.8
10.9
2.0
8.2
56.2
46.5
18.0
44.5
10.4
115.3
12.8
41.6
371.3
479.5
2.5
l.l
18.0
821.6
120
Treasury Bulletin
FINANCIAL OPERATIONS OF
Section
Table GA-II-1.
-
II
-
GOVERNMENT AGENCIES AND FUNDS
Federal Credit Programs
Direct Sales and Repurchases of Loans
:
121
December 1981
FINANCIAL OPERATIONS OF
GOVERNMENT AGENCIES AND FUNDS
__
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
(
Maximum
authority
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans
Funds appropriated to the President:
Appalachian regional development programs:
Appalachian housing program.
402
Foreign assistance:
International security assistance:
Emergency security assistance for Israel.
Foreign military credit sales
Liquidation of foreign military sales fund:
Long-term credits
Military credit sales to Israel
International development assistance:
Bilateral assistance:
Agency for International Development:
Alliance for Progress development loans. ......
Common defense, economic, and triangular
trade loans
Development loan fund liquidation account ......
Development loans
Housing guaranty fund.
Grants and other programs.......
Total Agency for International Development...
Overseas Private Investment Corporation
Total funds appropriated to the President
3,637
253,750
1,
426, 167
750
3,088,850
ft,
15,530
76,061
123,742
9, 583, 39ft
5,
161
741
6,235,163
15,465,824
25,490
16,917,883
50,000
3,08ft
,
Agriculture Department:
Commodity Credit Corporation:
Commodity loans
Long-term dollar credit sales
Short-term export sales credits.
Storage facility and equipment loans
Noncommercial risk assurance.
Total Commodity Credit Corporation
5/
,
,
966, 774
1,403,032
_6/
3,789,693
7,717,744
966,774
1,403,032
1
3,877,24 3
300
Rural Electrification Administration:
Rural communication development 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
15,530
76,061
3,789,693
7,717,744
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.....
Economic emergency loans.
Guaranteed economic emergency 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. ....
Programs In liquidation
Total agricultural credit Insurance fund
494,131
49 4, 931
673,849
Total international security assistance. .....
3,2 39
262, 363
1,817
104,153
608
ft,
960
3<»5,
342
190,067
302
20,089
33,204
1
15,791
3,113
207
,036,016
215,011
69,049
668
?s^>
\\^
\
30,
1981
In thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
September
215,011
69,049
668
1/
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(percent)
Maturi ty
3/
range
(years) 3/
122
Treasury Bulletin
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND fttmhs
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
September
30,
1981 -Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
I-Wholly owned 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:
Revolving fund.
Trade adjustment assistance
Total Economic Development Administration.
. . . .
National Oceanic and Atmospheric Administration:
Federal ship financing fund
Coastal energy impact fund
Fisheries loan fund
Total National Oceanic and Atmospheric Admin...
Total Commerce Department. .....................
Defense Department
Military Defense production guarantees:
Air Force
Army
Navy
Civil:
Ryukyu Islands, construction of power systems.
Total Defense Department
Education Department:
College housing loans
Student loan insurance fund .....................
Higher education facilities loans and Insurance
fund
Elementary and secondary education
Higher educational loans to Institutions
Advances for reserve funds
Higher educational loans to students
Loans to law enforcement students
Total Education Department
Energy Department:
Direct loans
Guaranteed loans
Footnotes at end of section.
506,37 5
Maximum
authority
Guarantees and insurance
1/
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(percent)
Maturity
range
3/
(years)
3/
:
:
:
:
123
December 1981
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS.
Section II-Federal Credit Programs
Table GA-II-2.
-
Direct and Guaranteed Loans Outstanding
September
30,
1981 -Continued
(In thousands of dollars)
Guarantees and Insurance
Direct loans or credit
Agency and program
Amount
outstanding
I-Wholly owned Government enterprises
United States dollar loans - Continued
Health and Human Services Department:
Public Health Service:
Public Health Act
Health maintenance organization, loan
guarantee and loan fund.
Medical facilities guarantee and loan fund
Health teaching facilities construction:
Guaranteed loans
Community facilities
Construction of hospitals and other
medical facilities
Health professions education fund
Nurse training fund
Other student loan program
.........
Assistance to refugees In the U.S
Total Public Health Service
Social Security Administration:
Subs i stance, laundry and health service..
,
28,332
,
.
,
,
Total Health and Human Services Department
Housing and Urhan Development Department:
Housing programs:
Federal Housing Administration:
Revolving fund
Property Improvement loans...
Purchase money mortgage
Mortgage insurance loans
Total Federal Housing Administration
revolving fund....
Housing for the elderly or handicapped
Low-rent public housing
Loans to States, territories, etc..
Purchase money mortgages
Nonprofit sponsor assistance
Community disposal operations fund
Liquidation programs
Total housing programs
Government National Mortgage Association:
Special assistance functions
Management and liquidation functions
Emergency mortgage purchase assistance.
Guarantees of mortgage -backed
securities fund
Total Government National Mortgage Association..
Community planning and development:
Rehabilitation loan fund
Urban renewal programs
New communities guarantee fund
Total Housing and Urban Development Department
Interior Department
Water and Power Resources Service
Irrigation distribution systems
Small reclamation projects
Drought emergency assistance
Total Water
acid
Power Resources Service
Geological Survey:
Surveys, investigations
,
and research.
Bureau of Indian Affairs:
Revolving fund for loans:
Cooperative associat ions
Corpora t Ions and tribes
Credit associat Ions..
Expert assistance.
Individual Indians
Total revolving fund for loans
Loan guaranty and insurance fund
Liquidation of Hoonah Housing Project
Total Bureau of Indian Affairs
26/
26/
Maximum
authority
1/
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(percent)
Maturity
range
V
(years)
V
124
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,
1981 -Continued
(In thousands of dollars)
Direct loans or credit
Agency and program
Amount
outstanding
I-Wholly owned Government enterprises
United states dollar loans - Continued
Interior Department - Continued
Territorial Affairs:
Public works
Rehabilitation in Guam
Guam Power Authority
Virgin Islands - Construction
Total Territorial Affairs
Total Interior Department
529
16,380
16,909"
429,527
State Department:
Emergencies In the diplomatic and consular service...
Loans to the United Nations
3,411
23,582
Total State Department
31
Transportation Department:
Federal Aviation Administration:
Aircraft loans
Federal Highway Administration:
Right-of-way revolving fund
Safety construction fund
Maritime Administration:
Federal ship mortgage insurance fund:
Direct loans
Guaranteed loans
196,494
3,
Total Transportation Department
Treasury Department:
Chrysler Corp.
loan guarantee program
New York City loan guarantee program
Fishermans Protective Fund
Miscellaneous loans and other assets:
Greece
Hungary
Turkey
Lend-lease and surplus property
United Kingdom
Total Treasury Department
Veterans Administration:
Direct loans to veterans and reserves
Education loans
Loan guaranty revolving:
Acquired mortgages
Guaranteed mortgages
National service life insurance fund
Service-disabled life insurance fund
U.S. Government 11 fe insurance fund.
Veterans Insurance and indemnities
Veterans reopened insurance fund..
Veterans special life insurance fund
Vocational rehabilitation revolving fund
Total Veterans Administration
Independent agencies:
Community Services Administration:
Loans to individuals
Loans to cooperative associations
Total Community Services Administration
1
OR
145,913
-
Total Maritime Administration
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.
,993
14s,9i
31 /
1
39,635
94,738
-
47,196
527,084
7
12,105
362
122,141
1,248,975
2,251,967
3,635,557
402,868
64,477
1,411,282
—
1,219,715
32,810
42,255
1,209
45,081
78,982
378
3,299,057
2,206
5,i47
7,3S3
Maximum
authority
Guarantees and Insurance
1
Amount
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(percent)
Maturity
range
3/
(years)
3/
/
December 1981
125
.FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS,
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
September
30,
1981 -Continued
(In thousands of dollars)
Guarantees and Insurance
Direct loans or credit
Amount
outstanding
Agency and program
Max 1 nun
ftnioUTl
authority
1
C
outstanding
Maximum
authority 2/
Government
fee or premium
Interest
range
(percent)
Maturity
range
3/
I-Wholly owned Government enterprises
United States dollar loans - Continued
Independent agencies-Continued:
District of Columbia:
Loans for capital outlay JJ6/
Repayable advances..
Total District of Columbia
Export-Import Bank of the United States:
Equipment and services 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
1,566,792
80,000
1,646,792
Indefinite
Indef lnlte
14,645,867
22,068,237
3,607
17,968
816,063
-
17,968
454,099
6.223,669
Total Export-Import Bank of the United States
~
General Services Administration:
Liquidation of Virgin Islands Corporation...
Surplus property credit sales
Federal Building fund
Total General Services Administration
-
4,000,000
386,868
447 ,917
834,785
386,868
447 ,91 7
767
767
~
898,748
4,924,713
49 ,579
80,045
80,045
31
,962
215,284
28.8 20
28,820
National Credit Union Administration:
Share insurance fund
Small Business Administration:
Business loan and Investment fund:
Financial assistance program:
Business loans
Economic opportunity loans
Handicapped loans
Local development company loans
State development Company loans.
Small business energy loans
Investment company assistance program:
Loans and debentures purchased.
Total business loan and investment fund
Disaster loan fund:
Financial assistance program:
Disaster loan
24/
7,727,914
80,805
2,437
173,051
1,797,631
270,236
81 ,907
28 3, 511
12,9 30
27,255
11,331
-
229 ,412
2,702,882
6,433,764
Total Small Business Administration
9
Tennessee Valley Authority:
Loans to aid States and Territories
United States Railway Association:
Direct loans
6,443,764
146,646
197,673
197,673
1,000,000
1,000,000
Subtotal
Held by lending Institutions not guaranteed or
insured by the Federal Government
92 ,492 ,630
Total budget Federal agencies
92,492,630
-
Off-budget Federal agencies 45/
107,308,737 46/107,308,737
7,451,982
2,191 ,388
»....
1 ,070,959
10,714,329
164,476
Total off-budget Federal agencies
118,187,542
Total Part
210,680,172
Footnotes at end of Section.
335,856
1,946,901
-
National Consumer Cooperative Bank:
Cooperative loans
I
39/ 22,108
48,812
Interstate Commerce Commission:
Railroad loans
United States Railway Association:
Direct loans
16,640
15,118,834
Federal Home Loan Bank Board:
Revolving fund
Federal Savings and Loan Insurance Corporation:
Loans to insured institutions
Loans acquired from insured institutions
Total Federal Home Loan Bank Board
Federal Financing Bank
Rural Electrification Administration:
Rural electrification and telephone revolving
fund:
Electrical systems
Telephone systems
Rural Telephone Banks: 48 /
Telephone systems
Total Rural Electrification Administration
35/2-5/8—9-1/4
15,777,470
4,124,868
1
,070,9 59
395,000
767
37/
l/2Z— 1-T7M
(years) 3/
Treasury Bulletin
126
FINANCIAL OPERATIONS OF GOVERNMENT AGENCIES AND FUNDS
Section II-Federal Credit Programs
Table GA-II-2. - Direct and Guaranteed Loans Outstanding
(
In
September
30,
thousands of dollars)
Guarantees and insurance
Direct loans or credit
Agency and program
Amount
outstanding
i<><),
4«9
1981 -Continued
Maximum
authority
1/
Amount
outstanding
Maximum
authority
2/
Government
fee or premiu
Interest
range
(percent) 3/
Maturity
range
(years) 3/
.
:
:
:
December 1981
127
FINANCIAL OPERATIONS TO GOVERNMENT AGENCIES AND FUNDS,
Footnotes to Table GA-II-2 -Continued
18/
19 /
20/
21/
22/
23/
24/
Maximum authorization for direct and guaranteed loans Is Sl t 500,000
thousand which has been prorated between direct loans and guaranteed
loans.
Represents premium on Insured loans; there Is no premium on guaranteed
loans.
Advances shall be repaid within such period determined by the
Commissioner depending on the maturity and solvency of the reserve fund.
Not later than December 31, 1980, there shall be a capital distribution
of the student loan fund and not less than quarterly thereafter.
Loan allocations are made when needed as determined by surveys of
Institutions.
Loans to students are repaid directly to the U.S. Government during
a 10-year period beginning nine months after student leaves school.
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 62 in Part III of this
table).
Includes loans of SI, 026 thousand Insured by the Federal Rousing
Administration.
Includes loans Insured by the Federal Housing Administration and
loans guaranteed by the Veterans Administration.
Determined by the Federal Housing Administration and the Veterans
Administration.
Statutory:
Application fee $10. Commitment fee, 0.5? of
principal up to $30,000 thousand and 0.1% over $30,000 thousand.
Guaranteed charge, 3% of principal amount guaranteed. Annual charge,
0.5% of outstanding amount guaranteed for first seven years, 1% of
outstanding amount guaranteed after first seven years.
Loans may be paid off at any time by application of proceeds from
sales of land or capital grants or by refinancing.
As provided by an act approved August 6, 1956 (70 Stat. 1046), loan
allocations to Irrlgat ion land holdings not In excess of 60 acres
are interest free.
Allocaton to nonirrigatlon uses and irrigation
land holding in excess of 160 acres bear Interest based on the average rate on certain outstanding U.S. marketable obligations.
Default of guaranteed loans.
These figures are stated on an estimated basts.
Includes Interagency holding by the Government National Mortgage
Association, and loans held by the Federal Home Loan Mortgage
Corporation and the Federal National Mortgage Association (see
footnote 62 in Part III of this table.)
Administrative: minimum period consistent with applicant 's ahllity
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 shall be fixed by the Secretary of the
Treasury at the beginning of the 6-month period In which the loans
are made.
Represents balances from the Water, Highway, General, Sanitary
Sewage and Metro Area Sanitary Sewage Works funds pursuant to
Public Law 94-333, dated June 30, 1976.
Shipment coverage rates as of June 30, 1981 were $0.13 to $5.88
on each $100 of financed portion (contract price minus cash pavment).
Guranteed 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 $666 thousand.
Shipment coverage rates as of June 30, 1981 were $0.53 to $6. ft?
on each $100 of financed portion (contract price minus cash payment).
Shipment coverage rates as of June 30, 1981, were $0.12 to $2.14
on each $100 of gross Invoice value.
Statutory formulas set minimum rates based on yields of U.S.
Government obligations of comparable maturity. Accordingly rates
charged may exceed minimum and may vary from month to month.
For
Sept 30, 1981 15% for Economic Opportunity Loans and 14.915%
for Small Business Investment Company debenture purchases
This figure represents the amount of participation by private entitles in partially guaranteed U.S. credit programs.
This private
participation in the guaranteed loan programs of the various agen-
cies is as follows:
< 1
,
25 /
26/
27/
28/
29 /
30/
1
31/
32/
3 3/
34/
35 /
36/
37/
38/
_39/
40 /
41 /
42 /
Total
44/
45/
46/
47/
48/
49/
5fi/
51/
52/
53/
,
43/
n
nt
Funds appropriated to the President
Overseas Private Investment Corporation.
Agriculture Department:
Agricultural credit Insurance fund
F.irm owenershlp loans:
Farm enterprise
Guaranteed emergency loans
Guaranteed operation loans
Guaranteed livestock loans
Rural development Insurance fund:
Guaranteed business and Industrial loans
Guaranteed rural housing loans. .........
Commerce Department
Economic Development Administration
Economic development revolving funds..
Transportation Department:
Federal Aviation Administration:
Aircraft loan guarantees
Veterans Administration:
Loan guaranty revolving fund.
Other Independent agencies:
Small Business Administration:
Business loan and Investment fund
Disaster loan fund.
ST
thousands
dollars)
5,bH7
22,278
4,073
19, 139
262,033
3,002
60,590
,401,799
,185,469
911
50,501 ,099
Exclude * 104 ,636 ,62 3 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 Federal Housing Administration insured or Veterans
Administration guaranteed mortgage held by the Institutions.
Most outlays of the Rural Electrification and Telephone revolving
fund and the Rural Telephone Rank have been classified off-budget
since May 12, 1973, by an act approved May II, 1973 (87 Stat. 65-71).
The Federal Financing Bank was established as an off-budget Federal
agency by an act approved December 29, 1973 (87 Stat. 941).
Loans made by Federal Financing Bank are included In the guaranteed
programs of the appropriate agencies.
Loans made
Interest is 2% on loans made prior to May 11, 1973.
after that date bear interest at 2% or 5% depending on certain
approved
May 11, 1973
conditions stated in section 305 (b) of an act
Guaranteed loans: rate agreed upon by the borrower
(87 Stat. 69).
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 Conley loan program established by an act approved
August 13, 1957 (7 U.S. 1704 (e)).
Does not Include advances of $3,153,350 thousand to the Federal
Home Loan Mortgage Corporation.
At no time shall the aggregate outstanding advances made by any
Federal home loan hank 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 of $1,055,618 thousand:
less unamortized discount of $28,317 thousand; participation in
conventional loans $3,406,351 thousand; conventional whole loans of
$937,880 thousand; less loan loss reserve of $8,983 thousand.
Statutory.
Treasury Bulletin
128
.CUMULATIVE TABLE OF CONTENTS
January 1981 through December 1981
Issues and page numbers
Sections
July
Article
Treasury financing operations
:
Federal fiscal operations :
Summary of fiscal operations
Budget receipts by source
Chart - Budget receipts by source
Budget outlays by agency...
Undistributed offsetting receipts
Budget outlays by function
Investment transactions of Government accounts
in Federal securities (net)
Trust fund transactions
Detail of excise tax receipts
Summary of internal revenue collections by
StateB and other areas
1
11
12
Federal obligations
Account of the U.S. Treasury
Status of the Account of the U.S. Treasury
Elements of changes in Federal Reserve and tax
and loan account balances....
Gold assets and liabilities of the Treasury
:
18
19
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.
Government account series.
Interest-bearing securities issued by
Government agencies.
Participation certificates
Maturity distribution and average length of
marketable interest-bearing public debt
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 Issued to
residents in foreign countries
:
United States savings bonds
Sales and redemptions by series cumulative, . . ..
Sales and redemptions by periods, all series
combined
Sales and redemptions by periods, Series E
through K
Redemption of matured and unmatured savings
bonds
Sales and redemptions by denominations. Series
E, EE, H, and HH
Sales by States, Series EE and HH combined
:
,
United States savings notes
Sales and redemptions by periods
:
Ownership of Federal securities
Distribution by classes of investors and types
of issues
Estimated ownership by private investors
:
Treasury survey of ownership
Treasury survey
-
commerical bank ownership
21
21
20
22
23
22
23
21
22
24
2U
25
25
23
24
26
26
26
26
27
27
2fl
25
25
Aug.
Sept.
December 1981
129
CUMULATIVE TABLE OF CONTENTS'
January 1981 through December 1981
-
Continued
Issues and page numbers
Sept.
Inly
Sections.
irket quotat Ions on Treasury securities
:
End-of-month closing quotations..
Chart - Yields of Treasury securities
yields of long-terra bonds
Average yields of long-term Treasury, corporate,
and municipal bonds
Chart - Average yields of long-term Treasury,
corporate, and municipal bonds
er.T^'-
65
68
61
64
69
72
69
72
hi
57
64
60
:
:change Stabilization Fund
72
7>
61
73
73
62
:
Balance sheet.
Income and expense
itional bank reports
:
Operating income and expense, and dividends of
national banks calendar year 1979
,
iternatlonal financial statistics
U.S. reserve assets
U.S. liquid and other liabilities to foreign
official Institutions, and liquid liabilities
to all other foreigners
U.S. liquid and other liabilities to official
institutions of foreign countries by area
Nonmarketable U.S. Treasury bonds and notes
issued to official Institutions of foreign
:
countries
U.S. position in the International Monetary Fund
Weighted average of exchange rate changes for
the dollar..
7h
72
77
73
ft*
73
71
72
ipital movements
Liabilities to foreigners reported by banks In
:
the United States
Claims on foreigners reported by banks in the
United States
Supplementary liabilities and claims data reported by banks in the United States
LI a bl 11 ties to foreigners reported by nonbanking
bu Bine ss enterprises in the U.S
Claims on foreigners reported by nonbanking
business enterprises in the U.S
Transactions in long-term securities by foreigners reported by banks and brokers in the
United States
ireign Currency Positions
80
9
S6
l
95
92
97
95
100
:
Summary..
Canadian Dollar Positions
French Franc Positions
German Mark Positions
Italian Lira Positions
Japanese Yen Positions.....
Swiss Franc Positions
Sterling Positions
United States Dollar
Positions Abroad
jrelgn currencies acquired by the U.S Covernnent without payment of dollars
Foreign currency transactions, summary and
country uses.
Foreign currency transactions
U.S. uses and
Crust funds
:
131
,
Lnanclal operations of Government agencies and funds
Government corporations and other business-type
activities;
Statements of financial condition.
Statements of income and retained earnings
Statements of accounts receivable
Statements of loans receivable
Federal credit programs:
Direct sales and repurchases of loans
Direct and guaranteed loans outstanding
Trust funds:
Civil Service Retirement and Disability Fund...
Federal Old-Age and Survivors Insurance Trust
Fund
Federal Disability Insurance Trust Fund
Federal Hospital Insurance Fund.
Federal Supplementary Medical Insurance
Trust Fund
Railroad Retirement Accounts
Unemployment Trust Fund
National Service Life Insurance Fund
Investments of sperlfled trust accounts
132
205
?0R
210
211
213
214
123
130
163
169
131
17"
13?
133
135
136
171
172
174
123
124
126
127
123
129
131
132
DEPARTMENT OF THE TREASURY
FISCAL SERVICE, BUREAU OF
GOVERNMENT FINANCIAL OPERATIONS
POSTAGE AND FEES PAID
DEPARTMENT OF THE TREASURY
TREAS BB3
OFFICE OF THE COMMISSIONER
WASHINGTON,
-
^
Ut-MAil
D.C. 20226
OFFICIAL BUSINESS
PENALTY FOR PRIVATE USE, S300
FIRST CLASS
Take
.
stock
in^pieirica,
Buy U. S. Savings Bonds
@FedFRASER